Vmoto Ltd revenue started to decline in FY2016: dropped 23.8% vs. 10.9% growth a year earliner
28 Feb 2017 • About Vmoto Ltd (
$VMT) • By InTwits
Vmoto Ltd reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Vmoto Ltd ($VMT) key annual financial indicators
| mln. AUD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 8.242 | 25.175 | 42.941 | 47.613 | 36.268 | -23.8% |
| Gross Profit | 1.484 | 3.765 | 6.302 | 7.952 | | -100.0% |
| EBITDA | 2.618 | 0.809 | 0.838 | 8.713 | | -100.0% |
| Net Income | -7.162 | 0.404 | 0.884 | -0.753 | -1.681 | 123.2% |
Balance Sheet
|
|---|
| Cash | 1.231 | 4.427 | 3.850 | 6.658 | | -100.0% |
| Short Term Debt | 3.535 | 5.522 | 4.719 | 2.108 | | -100.0% |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 1.168 | 0.403 | 1.101 | 0.858 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 15.9% | 205.5% | 70.6% | 10.9% | -23.8% | |
| EBITDA growth | -172.5% | -69.1% | 3.5% | 940.2% | | |
| Gross Margin | 18.0% | 15.0% | 14.7% | 16.7% | | -16.7% |
| EBITDA Margin | 31.8% | 3.2% | 2.0% | 18.3% | 0.0% | -18.3% |
| Net Income Margin | -86.9% | 1.6% | 2.1% | -1.6% | -4.6% | -3.1% |
| CAPEX, % of revenue | 14.2% | 1.6% | 2.6% | 1.8% | | -1.8% |
| ROIC | -16.1% | 1.8% | 1.4% | 24.2% | | -24.2% |
| ROE | -57.3% | 2.9% | 4.2% | -2.6% | | 2.6% |
| Net Debt/EBITDA | 0.9x | 1.4x | 1.0x | -0.5x | | 0.5x |
Revenue and profitability
Vmoto Ltd's Revenue dropped on 23.8% in FY2016.
Net Income marign decreased on 3.1 pp from -1.6% to -4.6% in FY2016.
Appendix 1: Peers in Leisure Goods
Below you can find Vmoto Ltd benchmarking vs. other companies in Leisure Goods 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Konami Corp ($KNM) | | -15.0% | -3.7% | 0.3% | 14.6% |
| Lg Electronics Inc ($39IB) | | 5.5% | 1.5% | -4.3% | -2.0% |
| Hornby ($HRN) | | -10.9% | -10.2% | 12.8% | -4.1% |
| |
|---|
| Median (3 companies) | -16.3% | -6.5% | -1.1% | 5.0% | -2.0% |
|---|
| Vmoto Ltd ($VMT) | | 205.5% | 70.6% | 10.9% | -23.8% |
Top companies by Gross margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hornby ($HRN) | 48.3% | 42.6% | 45.2% | 46.7% | 39.0% |
| Konami Corp ($KNM) | 34.4% | 32.4% | 31.3% | 32.8% | 35.0% |
| Tandem Group ($TND) | 29.7% | 29.2% | 30.5% | 29.4% | |
| Lg Electronics Inc ($39IB) | 23.3% | 23.1% | 23.3% | 22.8% | 24.8% |
| |
|---|
| Median (4 companies) | 32.0% | 30.8% | 30.9% | 31.1% | 35.0% |
|---|
| Vmoto Ltd ($VMT) | 18.0% | 15.0% | 14.7% | 16.7% | |
Top companies by EBITDA margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Konami Corp ($KNM) | 19.1% | 14.3% | 13.3% | 16.5% | 21.5% |
| Hornby ($HRN) | 14.5% | 1.8% | 1.8% | 7.4% | -17.3% |
| Lg Electronics Inc ($39IB) | 5.4% | 5.5% | 6.4% | 5.5% | 5.6% |
| Tandem Group ($TND) | 3.6% | 3.8% | 5.3% | 4.7% | |
| |
|---|
| Median (4 companies) | 10.0% | 4.7% | 5.9% | 6.5% | 5.6% |
|---|
| Vmoto Ltd ($VMT) | 31.8% | 3.2% | 2.0% | 18.3% | |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Konami Corp ($KNM) | 3.5% | 4.4% | 21.7% | 11.8% | 7.6% |
| Hornby ($HRN) | 5.9% | 6.0% | 7.9% | 7.0% | 5.8% |
| Lg Electronics Inc ($39IB) | 3.2% | 3.6% | 3.7% | 3.1% | 3.6% |
| Tandem Group ($TND) | 0.5% | 10.2% | 1.2% | 0.4% | |
| |
|---|
| Median (4 companies) | 3.3% | 5.2% | 5.8% | 5.0% | 5.8% |
|---|
| Vmoto Ltd ($VMT) | 14.2% | 1.6% | 2.6% | 1.8% | |
Top companies by ROIC, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Konami Corp ($KNM) | 16.2% | 8.4% | 3.2% | 6.6% | 10.4% |
| Lg Electronics Inc ($39IB) | 6.1% | 6.3% | 8.9% | 5.8% | 6.5% |
| Hornby ($HRN) | 10.4% | -6.8% | -7.7% | 0.5% | -36.6% |
| |
|---|
| Median (3 companies) | 13.3% | 7.4% | 6.0% | 6.2% | 6.5% |
|---|
| Vmoto Ltd ($VMT) | -16.1% | 1.8% | 1.4% | 24.2% | |
Top companies by Net Debt / EBITDA
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tandem Group ($TND) | -1.4x | -1.4x | -1.1x | 3.5x | |
| Lg Electronics Inc ($39IB) | 2.2x | 2.0x | 1.8x | 2.0x | 1.8x |
| Hornby ($HRN) | 0.7x | 2.1x | 7.6x | 1.7x | |
| Konami Corp ($KNM) | -0.7x | -0.9x | -0.2x | -0.6x | -1.4x |
| |
|---|
| Median (4 companies) | -0.0x | 0.6x | 0.8x | 1.8x | 0.2x |
|---|
| Vmoto Ltd ($VMT) | 0.9x | 1.4x | 1.0x | -0.5x | |
