Cranes Software International revenue increased on 5.6%
30-05-2016 • About Cranes Software International (
$CRANESSOFT) • By InTwits
Cranes Software International reported FY2016 financial results today. Here are the key drivers of the company's long term financial model:
- Cranes Software International is a growth stock: FY2016 revenue growth was 5.6%, 5 year revenue CAGR was 10.1% at FY2016 ROIC
- The company operates at negative EBITDA Margin: -7.9%
- Cranes Software International spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -22.9%
- It operates with high leverage: Net Debt/EBITDA is 4.7x while industry average is -0.5x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Cranes Software International's Revenue increased on 5.6%. Revenue decline was accelerating on average at -2.0 pp per annum in the last 5 years.
Net Income margin dropped on 18.1 pp from -10.8% to -28.9% in FY2016.
Financial and operational results
Cranes Software International ($CRANESSOFT) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,699 | 3,100 | 3,392 | 3,676 | 3,881 | 5.6% |
| EBITDA | -631 | -1,493 | -1,402 | | -308 | |
| Net Income | -601 | -2,619 | -1,030 | -396 | -1,121 | |
Balance Sheet
|
|---|
| Cash | 156 | 104 | | | | |
| Short Term Debt | 7,903 | 92 | | | | |
| Long Term Debt | 517 | 418 | | | | |
Cash flow
|
|---|
| Capex | 165 | | | | | |
Ratios
|
|---|
| Revenue growth | 12.3% | 14.8% | 9.4% | 8.4% | 5.6% | |
| EBITDA growth | -4,799.0% | 136.5% | -6.1% | | | |
|
|---|
| EBITDA Margin | -23.4% | -48.2% | -41.3% | | -7.9% |
| Net Income Margin | -22.3% | -84.5% | -30.4% | -10.8% | -28.9% | -18.1% |
| CAPEX, % of revenue | 6.1% | | | | | |
|
|---|
| ROIC | -13.1% | -39.4% | | | | |
| ROE | -17.6% | -124.3% | | | | |
Peers in IT Software Products
Below you can find Cranes Software International benchmarking vs. other companies in IT Software 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 |
|---|
| Trigyn Technologies ($TRIGYN) | - | 27.1% | 29.8% | 9.1% | 26.9% |
| Tata Elxsi ($TATAELXSI) | - | 15.4% | 24.6% | 9.6% | 26.6% |
| Polaris Financial Technology ($POLARIS) | - | 10.2% | 7.3% | -21.9% | 7.6% |
| Saksoft ($SAKSOFT) | - | 29.5% | 41.1% | 3.1% | 5.3% |
| Twinstar Industries ($TWINSTAR) | - | 59.8% | 38.8% | 40.3% | 3.7% |
| |
|---|
| Median (13 companies) | 13.9% | 17.7% | 21.8% | 9.7% | -2.2% |
|---|
| Cranes Software International ($CRANESSOFT) | - | 14.8% | 9.4% | 8.4% | 5.6% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Atishay Infotech ($ATISHAY) | 35.7% | 28.1% | 25.8% | 24.5% | 21.9% |
| Subex ($SUBEX) | 27.3% | 17.0% | 24.9% | 23.6% | 20.8% |
| Tata Elxsi ($TATAELXSI) | 13.8% | 11.9% | 17.6% | 20.9% | 23.0% |
| Cambridge Technology Enterprises ($CTE) | - | - | - | 20.9% | - |
| Virinchi Technologies ($VIRNICHIQ) | - | - | - | 17.4% | - |
| |
|---|
| Median (24 companies) | 9.6% | 9.4% | 10.2% | 9.3% | 11.2% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Aurionpro Solutions ($AURIONPRO) | 17.5% | 12.3% | 12.6% | 13.4% | - |
| Mastek ($MASTKBBPH) | 2.2% | - | 0.0% | 4.9% | 2.4% |
| Dion Global Solutions ($DION) | 39.9% | 11.9% | 29.6% | 4.0% | 18.4% |
| Tata Elxsi ($TATAELXSI) | 5.3% | 5.4% | 3.1% | 3.9% | 3.6% |
| Polaris Financial Technology ($POLARIS) | 7.2% | 2.5% | 1.5% | 3.9% | 1.6% |
| |
|---|
| Median (10 companies) | 3.1% | 5.4% | 2.3% | 3.0% | 2.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tata Elxsi ($TATAELXSI) | 22.5% | 19.1% | 38.3% | 55.4% | 65.9% |
| Mindteck (India) ($MINDTECK) | -2.6% | 1.2% | 20.0% | 17.5% | 10.6% |
| Blue Star Infotech ($BLUESTINFO) | - | 7.1% | 16.3% | 17.4% | - |
| Polaris Financial Technology ($POLARIS) | 19.5% | 15.1% | 12.6% | 16.2% | 24.8% |
| Aurionpro Solutions ($AURIONPRO) | 8.6% | 8.6% | 5.9% | 12.1% | - |
| |
|---|
| Median (31 companies) | 4.6% | 5.8% | 16.3% | 12.1% | 10.6% |
|---|
| Cranes Software International ($CRANESSOFT) | -13.1% | -39.4% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Subex ($SUBEX) | 4.6x | 13.1x | 8.5x | 8.0x | 0.9x |
| Dion Global Solutions ($DION) | 11.8x | 11.3x | - | 7.4x | - |
| Aurionpro Solutions ($AURIONPRO) | 1.7x | 1.7x | 1.9x | 1.2x | - |
| Saksoft ($SAKSOFT) | 2.8x | 2.3x | 0.0x | 1.2x | 0.3x |
| Datamatics Global Services ($DATAMATICS) | 0.5x | 0.3x | 0.5x | 0.3x | 0.4x |
| |
|---|
| Median (20 companies) | 0.5x | 0.0x | 0.0x | 0.0x | 0.0x |
|---|
