Kuantum Papers EBITDA surged on 145% and Revenue increased on 5.4%
26-05-2016 • About Kuantum Papers (
$KUANTUM) • By InTwits
Kuantum Papers reported FY2016 financial results today. Here are the key drivers of the company's long term financial model:
- Kuantum Papers is a growth stock: FY2016 revenue growth was 5.4%, 5 year revenue CAGR was 11.3% at FY2016 ROIC
- EBITDA Margin is quite volatile: 29.6% in FY2016, 12.7% in FY2015, 15.9% in FY2014, 14.2% in FY2013, 11.2% in FY2012
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue increased on 5.4%. Revenue decline was accelerating on average at -4.1 pp per annum in FY2012-FY2016. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased slightly on 0.56 pp from -0.99% to -0.44% in FY2016.
Net Income margin showed almost no change in FY2016. During FY2012-FY2016 Net Income margin topped in FY2014 at 7.0% and was declining since that time.
Management team
The company's CEO is Pavan Khaitan. Pavan Khaitan has 8 years tenure with the company.
Financial and operational results
Kuantum Papers ($KUANTUM) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 3,742 | 4,189 | 4,790 | 4,977 | 5,244 | 5.4% |
| EBITDA | 418 | 593 | 763 | 633 | 1,554 | 145.5% |
| Net Income | 37 | 128 | 335 | 250 | 245 | -2.1% |
Balance Sheet
|
|---|
| Cash | 17 | 41 | | | | |
| Short Term Debt | 323 | 373 | | | | |
| Long Term Debt | 1,312 | 1,249 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | 22.1% | 11.9% | 14.4% | 3.9% | 5.4% | |
| EBITDA growth | -9.6% | 41.7% | 28.6% | -17.0% | 145.5% | |
|
|---|
| EBITDA Margin | 11.2% | 14.2% | 15.9% | 12.7% | 29.6% | 16.9% |
| Net Income Margin | 1.0% | 3.1% | 7.0% | 5.0% | 4.7% | -0.4% |
|
|---|
| ROIC | 9.8% | 16.6% | | | | |
| ROE | 6.0% | 18.2% | | | | |
| Net Debt/EBITDA | 3.9x | 2.7x | 0.0x | 0.0x | 0.0x |
Peers in Paper & Paper Products
Below you can find Kuantum Papers benchmarking vs. other companies in Paper & Paper Products industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| N.R.Agarwal Industries ($NRAGRINDQ) | - | 4.0% | 5.5% | 34.1% | 21.8% |
| South India Paper Mills ($STHINPA) | - | -1.1% | -14.7% | 29.2% | 11.5% |
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 2.1% | 8.4% | 4.9% | 26.5% | - |
| Tcpl Packaging ($TCPLPACK) | 17.8% | 33.7% | 5.8% | 26.1% | - |
| Jk Paper ($JKPAPER) | - | 9.4% | 18.5% | 24.3% | 13.5% |
| |
|---|
| Median (14 companies) | 10.0% | 4.7% | 7.5% | 0.8% | 11.5% |
|---|
| Kuantum Papers ($KUANTUM) | - | 11.9% | 14.4% | 3.9% | 5.4% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tamil Nadu Newsprint & Papers ($TNPL) | 21.0% | 22.2% | 22.5% | 24.0% | - |
| Tcpl Packaging ($TCPLPACK) | 16.1% | 14.9% | 15.7% | 16.5% | - |
| South India Paper Mills ($STHINPA) | 13.5% | 16.1% | 10.2% | 15.8% | 17.3% |
| Yash Papers ($YASHPPR) | 15.7% | 16.8% | 16.0% | 15.7% | - |
| Emami Paper Mills ($EMAMIPAP) | 13.3% | 15.0% | 14.5% | 11.4% | 10.0% |
| |
|---|
| Median (15 companies) | 12.2% | 12.1% | 13.2% | 9.8% | 11.5% |
|---|
| Kuantum Papers ($KUANTUM) | 11.2% | 14.2% | 15.9% | 12.7% | 29.6% |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Emami Paper Mills ($EMAMIPAP) | 24.4% | 7.3% | 19.2% | 89.3% | 21.7% |
| Tamil Nadu Newsprint & Papers ($TNPL) | 18.9% | 10.4% | 5.5% | 35.2% | - |
| Tcpl Packaging ($TCPLPACK) | 18.3% | 8.6% | 11.1% | 12.1% | - |
| Jk Paper ($JKPAPER) | 47.6% | 59.5% | 15.9% | 4.2% | 1.6% |
| |
|---|
| Median (4 companies) | 12.3% | 9.5% | 13.5% | 23.6% | 11.7% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tcpl Packaging ($TCPLPACK) | 15.4% | 17.4% | 16.9% | 23.1% | - |
| Tamil Nadu Newsprint & Papers ($TNPL) | 5.3% | 8.2% | 11.1% | 12.7% | - |
| Jk Paper ($JKPAPER) | 5.2% | 2.7% | 1.1% | 4.3% | 10.5% |
| Emami Paper Mills ($EMAMIPAP) | 5.8% | 5.9% | 5.4% | 3.0% | 2.0% |
| Rama Pulp & Papers ($RAMAPULP) | - | 10.8% | - | - | - |
| |
|---|
| Median (21 companies) | 7.9% | 8.2% | 11.1% | 8.5% | 6.2% |
|---|
| Kuantum Papers ($KUANTUM) | 9.8% | 16.6% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Emami Paper Mills ($EMAMIPAP) | 7.4x | 5.3x | 5.0x | 11.2x | 16.7x |
| Jk Paper ($JKPAPER) | 6.8x | 12.7x | 14.1x | 8.6x | 4.0x |
| Tamil Nadu Newsprint & Papers ($TNPL) | 5.4x | 3.6x | 2.8x | 4.0x | - |
| Tcpl Packaging ($TCPLPACK) | 2.6x | 2.3x | 2.2x | 1.9x | - |
| Yash Papers ($YASHPPR) | 5.2x | 5.5x | 4.5x | 0.0x | - |
| |
|---|
| Median (13 companies) | 3.2x | 3.3x | 0.0x | 0.0x | 0.3x |
|---|
| Kuantum Papers ($KUANTUM) | 3.9x | 2.7x | 0.0x | 0.0x | 0.0x |
