Inspired Energy reports 41.7% revenue growth in FY2016
27 Mar 2017 • About Inspired Energy (
$INSE) • By InTwits
Inspired Energy reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Inspired Energy ($INSE) key annual financial indicators
| mln. £ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 5.261 | 7.618 | 10.835 | 15.188 | 21.515 | 41.7% |
| Gross Profit | 4.977 | 6.609 | 8.524 | 11.566 | | -100.0% |
| SG&A | | 4.629 | 5.363 | 7.651 | | -100.0% |
| EBITDA | 2.429 | 3.695 | 0.159 | 5.376 | | -100.0% |
| Net Income | 0.639 | 1.421 | 2.473 | 2.843 | 3.402 | 19.7% |
Balance Sheet
|
|---|
| Cash | 1.070 | 0.930 | 0.775 | 1.605 | | -100.0% |
| Short Term Debt | 0.524 | 0.700 | 2.200 | 2.000 | | -100.0% |
| Long Term Debt | 2.372 | 2.357 | 1.657 | 8.491 | | -100.0% |
Cash flow
|
|---|
| Capex | 0.083 | 0.138 | 0.380 | 0.246 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 83.8% | 44.8% | 42.2% | 40.2% | 41.7% | |
| EBITDA growth | 87.2% | 52.1% | -95.7% | 3,290.4% | | |
| Gross Margin | 94.6% | 86.8% | 78.7% | 76.2% | | -76.2% |
| EBITDA Margin | 46.2% | 48.5% | 1.5% | 35.4% | 0.0% | -35.4% |
| Net Income Margin | 12.2% | 18.7% | 22.8% | 18.7% | 15.8% | -2.9% |
| SG&A, % of revenue | | 60.8% | 49.5% | 50.4% | | -50.4% |
| CAPEX, % of revenue | 1.6% | 1.8% | 3.5% | 1.6% | | -1.6% |
| ROIC | 63.9% | 65.5% | -7.5% | 28.0% | | -28.0% |
| ROE | 89.6% | 144.5% | 85.2% | 36.6% | | -36.6% |
| Net Debt/EBITDA | 0.8x | 0.6x | 19.4x | 1.7x | | -1.7x |
Revenue and profitability
The company's Revenue surged on 41.7% in FY2016.
Net Income marign decreased on 2.9 pp from 18.7% to 15.8% in FY2016.
Appendix 1: Peers in Support Services
Below you can find Inspired Energy benchmarking vs. other companies in Support Services 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 |
|---|
| Camco Clean Energy ($CCE) | | 88.0% | -54.7% | 99.4% | |
| Optimal Payments ($OPAY) | | 41.5% | 44.0% | 68.1% | 63.1% |
| 21St Century Technology ($C21) | 0.1% | -22.8% | -16.6% | 35.5% | |
| Ibex Global Solutions ($IBEX) | | 35.7% | 30.0% | 29.8% | 7.0% |
| Rtc Group ($RTC) | | 13.6% | 4.3% | 27.4% | 4.6% |
| |
|---|
| Median (55 companies) | -1.5% | 6.9% | 4.7% | 6.6% | 5.2% |
|---|
| Inspired Energy ($INSE) | | 44.8% | 42.2% | 40.2% | 41.7% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ienergizer Ltd ($IBPO) | 56.2% | 78.4% | 76.8% | 72.7% | 71.3% |
| Grafenia ($GRA) | 53.4% | 54.3% | 56.1% | 70.8% | 66.3% |
| Vianet Group ($VNET) | 53.3% | 51.3% | 58.8% | 69.2% | 70.1% |
| Prime People ($PRP) | 63.4% | 58.3% | 57.7% | 61.4% | 59.2% |
| Murgitroyd Group ($MUR) | 58.4% | 61.4% | 57.6% | 55.4% | 53.7% |
| |
|---|
| Median (49 companies) | 28.2% | 28.5% | 29.2% | 28.4% | 27.0% |
|---|
| Inspired Energy ($INSE) | 94.6% | 86.8% | 78.7% | 76.2% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| 21St Century Technology ($C21) | 13.4% | -0.2% | 36.0% | 44.8% | |
| Northgate ($67GX) | 41.2% | 40.4% | 40.6% | 39.4% | 38.3% |
| Vianet Group ($VNET) | 18.6% | 17.3% | 19.7% | 27.1% | 22.1% |
| Vp ($VP.) | 23.9% | 24.5% | 24.2% | 26.2% | 28.4% |
| Optimal Payments ($OPAY) | 10.3% | 18.5% | 21.3% | 22.6% | 28.6% |
| |
|---|
| Median (55 companies) | 6.7% | 6.3% | 6.9% | 6.9% | 7.3% |
|---|
| Inspired Energy ($INSE) | 46.2% | 48.5% | 1.5% | 35.4% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Vp ($VP.) | 21.4% | 17.7% | 21.6% | 25.7% | 24.1% |
| Sagentia Group ($SAG) | 1.9% | 1.4% | 1.5% | 25.2% | 6.6% |
| Nature Group ($NGR) | 14.3% | 7.2% | 5.6% | 22.9% | |
| Augean ($AUG) | 9.8% | 15.9% | 12.3% | 12.3% | 11.0% |
| Falkland Islands Hldgs ($FKL) | 3.7% | 6.8% | 12.9% | 11.9% | 4.8% |
| |
|---|
| Median (55 companies) | 1.0% | 1.1% | 1.0% | 1.0% | 1.1% |
|---|
| Inspired Energy ($INSE) | 1.6% | 1.8% | 3.5% | 1.6% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| 21St Century Technology ($C21) | 20.3% | -2.9% | 45.6% | 111.0% | |
| Petards Group ($PEG) | 35.5% | -78.0% | 24.7% | 23.9% | 22.7% |
| Servoca ($SVCA) | 1.0% | 7.8% | 14.9% | 22.3% | 22.8% |
| Rtc Group ($RTC) | 14.6% | 17.6% | 19.9% | 22.2% | 15.4% |
| Mortice Ltd ($MORT) | 32.2% | 29.2% | 19.6% | 21.9% | 14.5% |
| |
|---|
| Median (55 companies) | 9.5% | 7.8% | 9.4% | 10.2% | 8.6% |
|---|
| Inspired Energy ($INSE) | 63.9% | 65.5% | -7.5% | 28.0% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Redhall Group ($RHL) | 22.8x | 5.8x | 6.6x | 16.8x | 16.2x |
| Mitsubishi Corp ($MBC) | 9.9x | 15.9x | 14.3x | 12.5x | 25.0x |
| Ienergizer Ltd ($IBPO) | 6.3x | 2.8x | 3.0x | 4.0x | 2.4x |
| Ceps ($CEPS) | | 3.0x | 6.6x | 3.8x | |
| Kellan Group(The ($KLN) | | | 6.5x | 3.6x | |
| |
|---|
| Median (51 companies) | 0.8x | 0.6x | 0.6x | 0.4x | 0.7x |
|---|
| Inspired Energy ($INSE) | 0.8x | 0.6x | 19.4x | 1.7x | |
