Webis Holdings reports 24.0% revenue growth in FY2018

28 Nov 2018 • About Webis Holdings ($WEB) • By InTwits

Webis Holdings reported FY2018 financial results today. Overall the company's long term financial model is characterised by the following facts:

Webis Holdings is a growth stock: FY2018 revenue growth was 24.0%, 5 year revenue CAGR was 11.7% at FY2018 ROIC
EBITDA Margin is relatively stable: in FY2018 vs. 0.1% in FY2017 vs. -0.3% in FY2014
Webis Holdings motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2014-FY2018 was 0.0% while average EBITDA Margin was -0.1% for the sames years

Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.

Revenue and profitability

Webis Holdings's Revenue jumped on 24.0%. During FY2014-FY2018 Revenue growth topped in FY2017 at 65.8%.

Net Income margin showed almost no change in FY2018. During the last 5 years Net Income margin bottomed in FY2015 at -1.3% and was growing since that time.

Financial and operational results

FY ended 30 Nov -0001

Webis Holdings ($WEB) key annual financial indicators

mln. $	2014	2015	2016	2017	2018	2018/2017
P&L
Revenue	119.0	154.4	224.3	371.9	461.2	24.0%
Gross Profit	4.5	4.2	4.1	5.3
EBITDA	-0.3	-0.2	-0.7	0.2
Net Income	0.5	-2.0	-1.2	0.0	0.1	1,960.0%
Balance Sheet
Cash	9.7	8.5	8.9	17.9
Short Term Debt	0.0	0.0	0.0	0.0
Long Term Debt	0.0	0.0	0.0	0.5
Cash flow
Capex	0.1	0.1	0.1	0.0
Ratios
Revenue growth	-55.0%	29.7%	45.3%	65.8%	24.0%
EBITDA growth	-133.6%	-47.4%	339.9%	-126.2%

Gross Margin	3.8%	2.7%	1.8%	1.4%
EBITDA Margin	-0.3%	-0.1%	-0.3%	0.1%
Net Income Margin	0.4%	-1.3%	-0.6%	0.0%	0.0%	0.0%
CAPEX, % of revenue	0.1%	0.0%	0.1%	0.0%

ROIC	-10.4%	-9.4%	-35.2%	2.3%
ROE	10.4%	-47.8%	-48.6%	0.3%
Net Debt/EBITDA				-92.7x

Peers in Travel & Leisure

Below you can find Webis Holdings benchmarking vs. other companies in Travel & Leisure 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
Nektan ($NKTN)	75.8%	-71.7%	995.3%	129.1%
Celtic ($CCP)		-21.1%	1.8%	74.3%	12.1%
Easyhotel ($EZH)	34.1%	56.4%	8.7%	39.7%
Eclectic Bar Grp ($BAR)		-1.9%	1.4%	38.6%	1.2%
Everyman Media Group ($EMAN)	22.4%	44.1%	45.5%	37.4%
Median (26 companies)	9.2%	7.0%	8.3%	7.3%	5.7%
Webis Holdings ($WEB)		29.7%	45.3%	65.8%	24.0%

Top companies by Gross margin, %


Top 5	FY2014	FY2015	FY2016	FY2017	FY2018
Intercontinental Hotels Group ($IHG)	60.1%	64.5%	86.0%	86.0%
Eclectic Bar Grp ($BAR)	79.0%	79.4%	80.7%	82.3%	82.9%
Paddy Power ($PAP)	81.0%	74.7%	76.9%	76.8%
Action Hotels ($AHCG)	73.3%	74.0%	70.7%	69.8%
Nektan ($NKTN)	57.6%	42.6%	67.9%	64.1%
Median (17 companies)	56.6%	41.5%	50.7%	40.0%	24.8%
Webis Holdings ($WEB)	3.8%	2.7%	1.8%	1.4%

Top companies by EBITDA margin, %


Top 5	FY2014	FY2015	FY2016	FY2017	FY2018
Irish Continental Group ($ICGC)	27.3%	23.6%	25.7%	32.8%
Ryanair Hldgs ($RYA)	20.1%	25.1%	28.9%	30.6%	31.2%
Dalata Hotel Group ($DAL)	7.7%	20.8%	24.5%	29.5%
Heavitree Brewery ($HVT)	22.7%	23.7%	25.0%	27.8%
Paddy Power ($PAP)	29.8%	20.4%	17.0%	26.7%
Median (26 companies)	12.7%	12.9%	17.0%	17.6%	15.7%
Webis Holdings ($WEB)	-0.3%	-0.1%	-0.3%	0.1%

Top companies by CAPEX/Revenue, %


Top 5	FY2014	FY2015	FY2016	FY2017	FY2018
Easyhotel ($EZH)	209.8%	46.8%	153.2%	269.8%
Action Hotels ($AHCG)	90.0%	172.4%	120.1%	139.5%
Dalata Hotel Group ($DAL)	26.7%	12.7%	37.4%	39.0%
Everyman Media Group ($EMAN)	25.9%	56.4%	64.2%	38.4%
Richoux Group ($RIC)	14.3%	10.0%	17.0%	34.3%
Median (26 companies)	5.4%	7.2%	14.1%	7.4%	8.7%
Webis Holdings ($WEB)	0.1%	0.0%	0.1%	0.0%

Top companies by ROIC, %


Top 5	FY2014	FY2015	FY2016	FY2017	FY2018
Intercontinental Hotels Group ($IHG)	56.3%	96.6%	51.2%	92.2%
Irish Continental Group ($ICGC)	40.0%	33.9%	30.1%	35.4%
Air Partner ($AIP)	21.2%	20.0%	20.4%	24.6%	34.6%
Ryanair Hldgs ($RYA)	9.5%	13.3%	17.2%	17.7%	18.4%
Hanatour Service Inc ($TOUR)	19.6%	19.4%	8.6%	15.7%
Median (27 companies)	5.3%	6.3%	6.3%	7.1%	8.1%
Webis Holdings ($WEB)	-10.4%	-9.4%	-35.2%	2.3%

Top companies by Net Debt / EBITDA


Top 5	FY2014	FY2015	FY2016	FY2017	FY2018
Action Hotels ($AHCG)	9.6x	12.3x	14.4x	23.9x
Marston'S ($MARS)	14.0x	8.2x	6.2x	6.9x	8.7x
Rotala ($ROL)	2.8x	3.6x	3.6x	3.9x
Heavitree Brewery ($HVT)	2.9x	4.6x	4.1x	3.7x
Fuller Smith & Turner ($BA80)	2.7x	2.8x	3.2x	3.1x	3.0x
Median (23 companies)	1.2x	1.2x	2.1x	2.0x	2.2x
Webis Holdings ($WEB)				-92.7x

Webis Holdings stock price chart

Webis Holdings financials

mln.	FY2010	FY2011	FY2012

Revenue	182.2	166.5	180.9
EBITDA	-0.002	0.486	0.324
Net income	-0.538	-0.174	-0.065
CAPEX	0.040	0.019	0.038
Debt	0.865	0.000	0.000
Cash	1.452	2.424	4.198

About Webis Holdings

Webis Holdings plc, through its subsidiaries, engages in the gaming and technology sectors worldwide. It operates betinternet.com, a sportsbook portal that offers betting opportunities on sports, casinos, poker, and games through its Website and mobile platforms. The company also provides pari-mutuel, or pool-betting, wagering services through various distribution channels; and wagering opportunities on horse and greyhound racing through passing wagers into betting pools with racetracks located in the United States, Canada, the United Kingdom, Ireland, Australia, Sweden and internationally, as well as business-to-business wagering products and wagering facilities to customers through its Website, watchandwager.com. In addition, it operates a telephone betting call centre based in the Isle of Man; and Cal Expo Harness Racetrack in Sacramento, California. The company was formerly known as betinternet.com plc and changed its name to Webis Holdings plc in November 2007. The company was incorporated in 1998 and is based in Douglas, the United Kingdom. Webis Holdings plc is a subsidiary of Burnbrae Limited.