Blue Prism Group plc revenue surged on 125% while EBITDA Margin decreased on 5.6 pp from -40.8% to -46.4%
24 Jan 2019 • About Blue Prism Group plc (
$PRSM) • By InTwits
Blue Prism Group plc reported FY2018 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Blue Prism Group plc is a fast growth stock: FY2018 revenue growth was 125%, 5 year revenue CAGR was 79.7% at FY2018 ROIC -732%
- The company operates at negative EBITDA Margin: -46.4%
- Blue Prism Group plc spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2014-FY2018 is 0.0%. Average EBITDA Margin for the same period was -42.2%
- Blue Prism Group plc has low CAPEX intensity: 5 year average CAPEX/Revenue was 1.1%. At the same time it's in pair with industry average of 1.4%
- CAPEX is quite volatile: £1m in FY2018, £0m in FY2017, £0m in FY2016, £0m in FY2015, £0m in FY2014
- The company has unprofitable business model: ROIC is -732.4%
- It operates with medium-size leverage: Net Debt/EBITDA is 1.5x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Blue Prism Group plc's Revenue surged on 125%. Revenue growth was financed by EBITDA margin decline. EBITDA Margin decreased on 5.6 pp from -40.8% to -46.4% in FY2018.
Net Income margin decreased on 5.0 pp from -42.4% to -47.5% in FY2018.
Investments (CAPEX, working capital and M&A)
In FY2018 Blue Prism Group plc had CAPEX/Revenue of 1.4%. Blue Prism Group plc showed small growth in CAPEX/Revenue of 0.84 pp from 0.61% in FY2015 to 1.4% in FY2018. It's average CAPEX/Revenue for the last three years was 1.6%. During FY2014-FY2018 CAPEX as a % of Revenue topped in FY2017 at 1.6%.
Leverage (Debt)
The company has no debt. Cash surged on 210%.
Financial and operational results
FY ended 31 Oct 2018
Blue Prism Group plc ($PRSM) key annual financial indicators| mln. £ | 2014 | 2015 | 2016 | 2017 | 2018 | 2018/2017 |
|---|
P&L
|
|---|
| Revenue | 4.488 | 6.062 | 9.644 | 24.500 | 55.200 | 125.3% |
| Gross Profit | 4.453 | 5.988 | 9.577 | | | |
| SG&A | 4.686 | 6.741 | | | | |
| EBITDA | -0.223 | -0.738 | -5.557 | -10.000 | -25.600 | |
| Net Income | -0.122 | -0.796 | -5.318 | -10.400 | -26.200 | |
Balance Sheet
|
|---|
| Cash | 1.951 | 2.351 | 11.788 | 16.300 | 50.500 | 209.8% |
| 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 | 0.011 | 0.037 | 0.154 | 0.400 | 0.800 | 100.0% |
Ratios
|
|---|
| Revenue growth | 52.2% | 35.1% | 59.1% | 154.0% | 125.3% | |
| EBITDA growth | -11.6% | 230.5% | 653.0% | 80.0% | 156.0% | |
|
|---|
| Gross Margin | 99.2% | 98.8% | 99.3% | | | |
| EBITDA Margin | -5.0% | -12.2% | -57.6% | -40.8% | -46.4% | -5.6% |
| SG&A, % of revenue | 104.4% | 111.2% | | | | |
| Net Income Margin | -2.7% | -13.1% | -55.1% | -42.4% | -47.5% | -5.0% |
| CAPEX, % of revenue | 0.2% | 0.6% | 1.6% | 1.6% | 1.4% | -0.2% |
|
|---|
| ROIC | -217.4% | | -322.4% | | -732.4% | |
| ROE | -71.1% | | | | | |
Peers in Systems Software
Below you can find Blue Prism Group plc benchmarking vs. other companies in Systems Software 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.
