F.B.D.Hldgs revenue growth accelerated from 6.5% in 2015 to 31.4% in 2016
27 Feb 2017 • About F.B.D.Hldgs (
$FBH) • By InTwits
F.B.D.Hldgs reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: It operates with high leverage: Net Debt/EBITDA is 2.1x while industry average is 1.2x.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
F.B.D.Hldgs ($FBH) key annual financial indicators
| mln. € | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 340.3 | 341.0 | 344.9 | 347.7 | 325.1 | -6.5% |
| Net Income | 48.4 | 44.8 | -2.1 | -73.7 | 10.8 | -114.6% |
Balance Sheet
|
|---|
| Cash | 25.7 | 21.6 | 26.2 | 22.2 | | -100.0% |
| Short Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | | |
| Long Term Debt | 0.0 | 0.0 | 0.0 | 50.0 | | -100.0% |
Cash flow
|
|---|
| Capex | 10.2 | 18.6 | 24.1 | 18.2 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 0.2% | 0.2% | 1.1% | 0.8% | -6.5% | |
| Net Income Margin | 14.2% | 13.1% | -0.6% | -21.2% | 3.3% | 24.5% |
| CAPEX, % of revenue | 3.0% | 5.4% | 7.0% | 5.2% | | -5.2% |
| ROIC | 5.4% | 5.0% | 0.2% | -9.0% | | 9.0% |
| ROE | 21.4% | 17.2% | -0.8% | -30.4% | | 30.4% |
Revenue and profitability
F.B.D.Hldgs's Revenue decreased on 6.5% in FY2016.
Net Income marign surged on 24.5 pp from -21.2% to 3.3% in FY2016.
Appendix 1: Peers in Nonlife Insurance
Below you can find F.B.D.Hldgs benchmarking vs. other companies in Nonlife Insurance 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 |
|---|
| Gable Hldgs Inc ($GAH) | 36.6% | 36.3% | 22.1% | 17.2% | |
| Helios Underwriting ($HUW) | 17.8% | 26.1% | 47.9% | 12.8% | |
| Randall & Quilter Invt Hldgs Ltd ($RQIH) | 40.7% | 4.7% | 20.7% | 10.0% | |
| Brit ($BRIT) | -4.9% | -1.2% | 3.9% | 4.5% | |
| Marsh & Mclennan Cos Inc ($MHM) | | 2.8% | 5.6% | -0.4% | 2.5% |
| |
|---|
| Median (8 companies) | 27.2% | 3.7% | 14.0% | 2.0% | 2.5% |
|---|
| F.B.D.Hldgs ($FBH) | | 0.2% | 1.1% | 0.8% | -6.5% |
Top companies by EBITDA margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Marsh & Mclennan Cos Inc ($MHM) | 18.3% | 19.9% | 20.8% | 22.0% | 23.5% |
| |
|---|
| Median (1 company) | 18.3% | 19.9% | 20.8% | 22.0% | 23.5% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Marsh & Mclennan Cos Inc ($MHM) | 2.7% | 3.3% | 2.8% | 2.5% | 1.9% |
| Brit ($BRIT) | 0.3% | 0.1% | 0.2% | 1.6% | |
| Randall & Quilter Invt Hldgs Ltd ($RQIH) | 1.4% | 1.0% | 1.1% | 0.3% | |
| Arab Insurance Group(Arig) ($AGRD) | 0.2% | 0.5% | 0.2% | 0.3% | 0.2% |
| General Accident ($GACB) | 0.5% | 0.1% | 0.3% | 0.2% | 0.1% |
| |
|---|
| Median (8 companies) | 0.3% | 0.5% | 0.2% | 0.3% | 0.3% |
|---|
| F.B.D.Hldgs ($FBH) | 3.0% | 5.4% | 7.0% | 5.2% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Marsh & Mclennan Cos Inc ($MHM) | 19.5% | 19.9% | 21.0% | 22.0% | 23.6% |
| Helios Underwriting ($HUW) | 2.9% | 2.3% | 4.9% | 1.5% | |
| Rsa Insurance Group ($RSAB) | 2.9% | -0.6% | -0.1% | 1.2% | 2.7% |
| General Accident ($GACB) | 0.4% | 0.7% | 1.0% | 0.6% | 0.4% |
| Brit ($BRIT) | 2.7% | 3.6% | 4.6% | 0.5% | |
| |
|---|
| Median (8 companies) | 2.9% | 1.9% | 1.1% | 0.5% | 1.9% |
|---|
| F.B.D.Hldgs ($FBH) | 5.4% | 5.0% | 0.2% | -9.0% | |
Top companies by Net Debt / EBITDA
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Marsh & Mclennan Cos Inc ($MHM) | 0.3x | 0.3x | 0.5x | 1.1x | 1.2x |
| |
|---|
| Median (1 company) | 0.3x | 0.3x | 0.5x | 1.1x | 1.2x |
|---|
