Nord Gold Nv EBITDA Margin dropped on 44.9 pp from 44.9% to in 2016
23 Mar 2017 • About Nord Gold Nv (
$NORD) • By InTwits
Nord Gold Nv reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Nord Gold Nv ($NORD) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,198 | 1,271 | 1,216 | 1,129 | 1,076 | -4.8% |
| Gross Profit | 348 | 219 | 370 | 351 | | -100.0% |
| SG&A | 67 | 66 | 56 | 48 | | -100.0% |
| EBITDA | 395 | 10 | 489 | 507 | | -100.0% |
| Net Income | 19 | -218 | 98 | 176 | 155 | -11.5% |
Balance Sheet
|
|---|
| Cash | 45 | 244 | 318 | 364 | | -100.0% |
| Short Term Debt | 261 | 300 | 0 | 125 | | -100.0% |
| Long Term Debt | 465 | 627 | 940 | 815 | | -100.0% |
Cash flow
|
|---|
| Capex | 325 | 162 | 115 | 227 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 1.3% | 6.1% | -4.3% | -7.1% | -4.8% | |
| EBITDA growth | -30.3% | -97.5% | 4,876.9% | 3.7% | | |
| Gross Margin | 29.1% | 17.2% | 30.5% | 31.1% | | -31.1% |
| EBITDA Margin | 33.0% | 0.8% | 40.2% | 44.9% | 0.0% | -44.9% |
| Net Income Margin | 1.6% | -17.2% | 8.1% | 15.5% | 14.5% | -1.1% |
| SG&A, % of revenue | 5.6% | 5.2% | 4.6% | 4.3% | | -4.3% |
| CAPEX, % of revenue | 27.2% | 12.8% | 9.5% | 20.1% | | -20.1% |
| ROIC | 6.6% | -9.0% | 13.8% | 16.1% | | -16.1% |
| ROE | 1.2% | -15.7% | 9.3% | 19.8% | | -19.8% |
| Net Debt/EBITDA | 1.7x | 69.6x | 1.3x | 1.1x | | -1.1x |
Revenue and profitability
The company's Revenue decreased on 4.8% in FY2016.
Net Income marign decreased slightly on 1.1 pp from 15.5% to 14.5% in FY2016.
Appendix 1: Peers in Mining
Below we provide Nord Gold Nv benchmarking against other companies in Mining 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Coalfield Resources ($CRES) | | 19,087.5% | -5.0% | 803.4% | 155.8% |
| Serabi Gold ($SRB) | | | | 177.8% | |
| Anglo Pacific Group ($APF) | -56.3% | -2.8% | -76.4% | 149.4% | |
| Griffin Mining ($GFM) | -2.8% | -7.5% | -35.9% | 31.2% | |
| Kirkland Lake Gold Inc ($KGI) | 54.7% | -5.1% | 14.2% | 26.9% | |
| |
|---|
| Median (30 companies) | -3.8% | -3.2% | -5.0% | -7.7% | 9.5% |
|---|
| Nord Gold Nv ($NORD) | | 6.1% | -4.3% | -7.1% | -4.8% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Polyus Gold Intl Ltd ($PGIL) | 51.1% | 40.2% | 46.1% | 58.8% | 62.6% |
| Coalfield Resources ($CRES) | | | | 54.4% | 38.0% |
| Zccm Investments Hldgs ($ZCC) | 51.8% | 71.4% | 85.6% | 45.9% | 26.8% |
| Mwana Africa ($MWA) | 42.9% | 45.9% | 46.6% | 38.6% | 29.1% |
| Kaz Minerals ($KAZ) | 39.7% | 41.1% | 46.1% | 35.5% | 46.1% |
| |
|---|
| Median (29 companies) | 39.1% | 19.8% | 22.6% | 18.1% | 28.6% |
|---|
| Nord Gold Nv ($NORD) | 29.1% | 17.2% | 30.5% | 31.1% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Coalfield Resources ($CRES) | 1,693,625.0% | 28.4% | 0.1% | 259.6% | 134.0% |
| Polyus Gold Intl Ltd ($PGIL) | 51.1% | 18.7% | 45.9% | 58.0% | 61.4% |
| Anglo Pacific Group ($APF) | 76.2% | 77.9% | -58.0% | 53.7% | |
| Trans-Siberian Gold ($TSG) | 24.7% | 8.0% | 32.7% | 38.1% | |
| Randgold Resources ($RRS) | 52.7% | 42.7% | 39.4% | 33.8% | 46.8% |
| |
|---|
| Median (31 companies) | 25.0% | 18.0% | 17.3% | 18.3% | 23.6% |
|---|
| Nord Gold Nv ($NORD) | 33.0% | 0.8% | 40.2% | 44.9% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kaz Minerals ($KAZ) | 36.6% | 136.5% | 168.8% | 168.7% | 41.9% |
| Weatherly International ($WTI) | 8.6% | | | 161.8% | 10.2% |
| Hwange Colliery Co ($HWA) | 3.5% | | 0.5% | 45.6% | |
| Goldbridges Global Resources ($GBGR) | 26.9% | 17.6% | 73.9% | 40.1% | |
| Caledonia Mining Corp ($CMCL) | 10.5% | 18.0% | 11.5% | 33.8% | |
| |
|---|
| Median (30 companies) | 19.8% | 17.8% | 11.0% | 14.0% | 14.7% |
|---|
| Nord Gold Nv ($NORD) | 27.2% | 12.8% | 9.5% | 20.1% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Polyus Gold Intl Ltd ($PGIL) | 27.0% | 4.3% | 19.2% | 29.7% | 30.9% |
| Coalfield Resources ($CRES) | 0.1% | 0.8% | 0.0% | 15.8% | 11.6% |
| Kirkland Lake Gold Inc ($KGI) | 19.7% | 1.5% | -0.7% | 9.2% | |
| Trans-Siberian Gold ($TSG) | -1.1% | -6.8% | 5.0% | 9.2% | |
| Caledonia Mining Corp ($CMCL) | 37.6% | 34.9% | 18.1% | 8.4% | |
| |
|---|
| Median (31 companies) | 4.4% | 2.8% | 1.2% | 1.2% | 3.7% |
|---|
| Nord Gold Nv ($NORD) | 6.6% | -9.0% | 13.8% | 16.1% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kaz Minerals ($KAZ) | 2.4x | 2.9x | 5.5x | 18.7x | 8.8x |
| Goldbridges Global Resources ($GBGR) | 2.2x | | 1.3x | 10.9x | |
| Glencore ($GLEN) | 7.3x | 6.2x | 4.6x | 5.5x | 4.0x |
| Griffin Mining ($GFM) | 0.8x | 1.4x | 4.0x | 4.4x | |
| Bisichi Mining ($BISI) | 0.9x | 1.7x | 1.3x | 4.0x | |
| |
|---|
| Median (22 companies) | 0.4x | 1.4x | 0.6x | 0.8x | 2.5x |
|---|
| Nord Gold Nv ($NORD) | 1.7x | 69.6x | 1.3x | 1.1x | |
