Bcb Hldgs Ltd Net Income jumped on 958% and Revenue jumped on 14.9%
22 Aug 2018 • About Bcb Hldgs Ltd (
$BCBW) • By InTwits
Bcb Hldgs Ltd reported FY2018 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Bcb Hldgs Ltd has low CAPEX intensity: 5 year average CAPEX/Revenue was 4.8%. At the same time it's a lot of higher than industry average of 2.5%.
- CAPEX is quite volatile: $4m in FY2018, $4m in FY2017, $2m in FY2016, $1m in FY2015, $3m in FY2014
- The company has highly profitable business model: ROIC is 34.6%
- It operates with medium-size leverage: Net Debt/EBITDA is 1.3x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Bcb Hldgs Ltd's Revenue surged on 14.9%. During the last 5 years Revenue growth bottomed in FY2016 at -9.9% and was accelerating since that time.
Net Income margin jumped on 38.3 pp from -4.5% to 33.8% in FY2018.
Investments (CAPEX, working capital and M&A)
Bcb Hldgs Ltd's CAPEX/Revenue was 5.9% in FY2018. The company's CAPEX/Revenue increased on 3.4 pp from 2.5% in FY2015 to 5.9% in FY2018. For the last three years the average CAPEX/Revenue was 5.4%.
Return on investment
The company operates at high and attractive ROIC (34.6%) and ROE (31.5%). ROIC jumped on 29.6 pp from 5.0% to 34.6% in FY2018. ROE jumped on 35.8 pp from -4.3% to 31.5% in FY2018.
Leverage (Debt)
The company has no debt. Cash dropped on 47.0%.
Financial and operational results
FY ended 30 Nov -0001
Bcb Hldgs Ltd ($BCBW) key annual financial indicators| mln. $ | 2014 | 2015 | 2016 | 2017 | 2018 | 2018/2017 |
|---|
P&L
|
|---|
| Revenue | 57.600 | 56.400 | 50.800 | 53.100 | 61.000 | 14.9% |
| Net Income | -12.000 | -17.200 | 0.600 | -2.400 | 20.600 | |
Balance Sheet
|
|---|
| Cash | 174.500 | 183.600 | 177.000 | 135.800 | 72.000 | -47.0% |
| Short Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | 3.100 | 1.400 | 1.500 | 3.900 | 3.600 | -7.7% |
Ratios
|
|---|
| Revenue growth | 7.7% | -2.1% | -9.9% | 4.5% | 14.9% | |
|
|---|
| Net Income Margin | -20.8% | -30.5% | 1.2% | -4.5% | 33.8% | 38.3% |
| CAPEX, % of revenue | 5.4% | 2.5% | 3.0% | 7.3% | 5.9% | -1.4% |
|
|---|
| ROIC | -4.6% | -8.7% | 5.7% | 5.0% | 34.6% | 29.6% |
| ROE | -15.0% | -26.1% | 1.0% | -4.3% | 31.5% | 35.8% |
Peers in Banks
Below you can find Bcb Hldgs Ltd benchmarking vs. other companies in Banks 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 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| European Islamic Investment Bank ($EIIB) | 42.3% | -4.1% | -63.9% | 232.5% | |
| Halyk Savings Bank Of Kazakhstn JSC ($HSBK) | 16.3% | 19.5% | 16.4% | 59.5% | |
| Zenith Bank ($ZENB) | | 6.8% | 17.9% | 46.7% | |
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | 18.9% | 26.8% | 27.0% | 46.4% | |
| TCS Group Holding ($TCS) | 11.5% | 10.6% | 34.0% | 33.7% | |
| |
|---|
| Median (43 companies) | 11.1% | 4.0% | 3.9% | 4.5% | 1.5% |
|---|
| Bcb Hldgs Ltd ($BCBW) | | -2.1% | -9.9% | 4.5% | 14.9% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Lloyds Banking Group ($LLPC) | 13.1% | 13.6% | 14.5% | 14.5% | |
| Banco Santander Sa ($BNC) | 8.9% | 10.2% | 9.1% | 10.0% | |
| Royal Bank Of Scotland Group ($RBS) | 4.1% | 4.6% | 5.6% | 7.1% | |
| Diamond Bank ($DBPA) | 6.0% | 6.7% | 6.2% | 7.0% | |
| Commerzbank Ag ($CZB) | 4.6% | 1.6% | 2.5% | 6.3% | |
| |
|---|
| Median (39 companies) | 2.0% | 2.6% | 2.0% | 1.8% | 0.9% |
|---|
| Bcb Hldgs Ltd ($BCBW) | 5.4% | 2.5% | 3.0% | 7.3% | 5.9% |
Top companies by ROIC, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| TCS Group Holding ($TCS) | 6.7% | 3.4% | 22.5% | 31.8% | |
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | 30.1% | 30.3% | 28.0% | 25.3% | |
| Guaranty Trust Bank ($GRTB) | 17.8% | 16.0% | 17.4% | 18.3% | |
| Sberbank Of Russia ($SBER) | 4.8% | 4.0% | 9.4% | 13.0% | |
| Zenith Bank ($ZENB) | 15.0% | 11.2% | 11.1% | 11.4% | |
| |
|---|
| Median (43 companies) | 4.4% | 3.5% | 4.5% | 4.4% | 0.2% |
|---|
| Bcb Hldgs Ltd ($BCBW) | -4.6% | -8.7% | 5.7% | 5.0% | 34.6% |
