Blom Bank Sal reports 9.9% Net Income growth
29 Jan 2016 • About Blom Bank Sal (
$BLBD) • By InTwits
Blom Bank Sal reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Blom Bank Sal ($BLBD) key annual financial indicators
| mln. $ | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,457 | 1,585 | 1,542 | 1,713 | 1,743 | 1.8% |
| Net Income | 324 | 333 | 345 | 353 | 388 | 9.9% |
Balance Sheet
|
|---|
| Cash | 4,027 | 4,959 | 6,549 | 8,697 | 9,484 | 9.0% |
| Short Term Debt | 224 | 505 | 595 | 679 | 628 | -7.4% |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | |
Cash flow
|
|---|
| Capex | 52 | 69 | 79 | 97 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 3.1% | 8.7% | -2.7% | 11.1% | 1.8% | |
| Net Income Margin | 22.2% | 21.0% | 22.4% | 20.6% | 22.3% | 1.7% |
| CAPEX, % of revenue | 3.6% | 4.4% | 5.2% | 5.7% | | -5.7% |
| ROIC | 17.7% | 15.2% | 11.1% | 13.4% | | -13.4% |
| ROE | 16.8% | 16.6% | 15.8% | 15.0% | 15.8% | 0.8% |
Revenue and profitability
The company's Revenue increased slightly on 1.8% in FY2015.
Net Income marign increased slightly on 1.7 pp from 20.6% to 22.3% in FY2015.
Leverage (Debt)
Debt decreased on 7.4% in FY2015 while cash increased on 9.0% in FY2015.
Appendix 1: Peers in
Below we provide Blom Bank Sal benchmarking against other companies in industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Development Securities(Investments) ($36JS) | | | | -20.4% | 156.8% |
| Wereldhave Property Corp ($93IA) | | | -9.0% | 13.5% | 65.7% |
| Bld Property Hldgs ($09GE) | | | -1.1% | 16.0% | 39.3% |
| Grosvenor Uk Finance ($62QE) | | | 0.8% | 15.1% | 14.3% |
| Bbva International ($80LJ) | | | -1.5% | -3.5% | 14.0% |
| |
|---|
| Median (43 companies) | 7.0% | -21.3% | 2.3% | 2.9% | 1.0% |
|---|
| Blom Bank Sal ($BLBD) | | 8.7% | -2.7% | 11.1% | 1.8% |
Top companies by Gross margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Sanctuary Housing ($BB21) | | | 98.2% | 97.0% | 97.6% |
| Glh Hotels Ltd ($97KI) | | | | 57.8% | 57.6% |
| Aseana Properties Ltd ($ASPL) | 15.8% | 9.6% | 22.2% | 44.7% | |
| Palm Hills Developments Sae ($PHDC) | -6.8% | -5.2% | 22.3% | 33.5% | |
| Lewis(John) ($BC32) | | 33.4% | 33.4% | 33.4% | 33.8% |
| |
|---|
| Median (9 companies) | 4.9% | 29.8% | 30.3% | 33.4% | 34.6% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bld Property Hldgs ($09GE) | | 108.3% | 91.0% | 218.5% | 215.1% |
| Intu Debenture ($69ZM) | | 70.3% | 79.8% | 163.8% | 107.2% |
| T.H.F.C.(Social Housing Finance) ($96JP) | | 0.7% | 1.0% | 2.4% | 97.9% |
| T.H.F.C.(Indexed) ($96JS) | | 0.7% | 1.0% | 2.4% | 97.9% |
| Housing Finance Corp ($68HB) | | 0.7% | 1.0% | 2.4% | 97.9% |
| |
|---|
| Median (26 companies) | 15.9% | 26.1% | 32.4% | 36.9% | 48.9% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Wereldhave Property Corp ($93IA) | | 145.6% | 147.1% | 848.7% | 379.0% |
| Sanctuary Housing ($BB21) | | | 0.0% | 0.0% | 60.0% |
| Bld Property Hldgs ($09GE) | | 146.6% | 195.3% | 186.5% | 59.2% |
| Mid Kent Water ($48HO) | | 46.7% | 43.9% | 47.1% | 37.7% |
| Development Securities(Investments) ($36JS) | | | 2.9% | 13.5% | 24.6% |
| |
|---|
| Median (35 companies) | 3.1% | 3.7% | 2.9% | 3.2% | 4.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Lewis(John)Partnership ($BD32) | | 12.5% | 15.6% | 16.4% | 18.6% |
| Lewis(John) ($BC32) | | 12.5% | 15.6% | 16.4% | 18.6% |
| Calgary & Edmonton Railway Co ($05GM) | | 8.2% | 10.5% | 16.0% | 17.0% |
| Canadian Pacific Railways ($BC87) | | 8.2% | 10.5% | 16.0% | 17.0% |
| Aeci ($87FZ) | | 12.9% | 14.5% | 16.8% | 15.0% |
| |
|---|
| Median (43 companies) | 6.1% | 1.7% | 3.2% | 3.3% | 3.2% |
|---|
| Blom Bank Sal ($BLBD) | 17.7% | 15.2% | 11.1% | 13.4% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Skipton Building Society ($SBSA) | | 29.7x | 30.3x | 30.2x | 34.7x |
| Housing Finance Corp ($68HB) | | 2,312.9x | 1,673.5x | 718.9x | 20.3x |
| T.H.F.C.(Indexed) ($96JS) | | 2,312.9x | 1,673.5x | 718.9x | 20.3x |
| T.H.F.C.(Indexed 2) ($90IL) | | 2,312.9x | 1,673.5x | 718.9x | 20.3x |
| T.H.F.C.(Social Housing Finance) ($96JP) | | 2,312.9x | 1,673.5x | 718.9x | 20.3x |
| |
|---|
| Median (25 companies) | 1.9x | 3.2x | 3.8x | 3.6x | 3.2x |
|---|
