Hanatour Service Inc revenue decreased on 8.0%
10 Feb 2020 • About Hanatour Service Inc (
$TOUR) • By InTwits
Hanatour Service Inc reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts: It operates with high leverage: Net Debt/EBITDA is 3.8x while industry average is 2.5x.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 8.0%.
Management team
Hanatour Service Inc's CEO is Park Sang-Hwan. Park Sang-Hwan is a founder and has 12 years tenure with the company.
Financial and operational results
FY ended 30 Nov -0001
Hanatour Service Inc ($TOUR) key annual financial indicators| mln. KRW | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 459,426 | 595,539 | 682,307 | 828,274 | 762,300 | -8.0% |
| SG&A | 404,925 | 555,012 | 617,870 | 780,171 | | |
| EBITDA | 53,802 | 37,482 | 60,205 | 44,655 | | |
| EBIT | | | | 24,869 | | |
| Interest expence | | | | 1,258 | | |
| Tax | | | | 11,750 | | |
| Net Income | 31,741 | 8,036 | 12,965 | 8,749 | | |
| Stock Based Compensation | | | | 23 | | |
Balance Sheet
|
|---|
| Cash | 146,485 | 156,047 | 228,390 | 157,700 | | |
| Inventory | | | | 53,075 | | |
| Accounts Payable | | | | 99,719 | | |
| Short Term Debt | 22,275 | 7,324 | 17,052 | 74,682 | | |
| Long Term Debt | 8,194 | 12,903 | 8,406 | 47,739 | | |
Cash flow
|
|---|
| Capex | 16,414 | 48,029 | 21,410 | 12,883 | | |
| Dividends | | | | 18,151 | | |
Ratios
|
|---|
| Revenue growth | 19.2% | 29.6% | 14.6% | 21.4% | -8.0% | |
| EBITDA growth | 13.2% | -30.3% | 60.6% | -25.8% | | |
|
|---|
| EBITDA Margin | 11.7% | 6.3% | 8.8% | 5.4% | |
| EBIT Margin | | | | 3.0% | |
| SG&A, % of revenue | 88.1% | 93.2% | 90.6% | 94.2% | | |
| SBC, % of revenue | | | | 0.0% | |
| Net Income Margin | 6.9% | 1.3% | 1.9% | 1.1% | |
| CAPEX, % of revenue | 3.6% | 8.1% | 3.1% | 1.6% | | |
|
|---|
| ROIC | 19.4% | 8.6% | 15.7% | 7.6% | | |
| ROE | 16.8% | 4.2% | 6.6% | 4.3% | | |
| Net Debt/EBITDA | -2.2x | -3.6x | -3.4x | -0.8x | |
| Interest expence / Average debt | | | | 1.0% | | |
Peers in Travel & Leisure
Below you can find Hanatour Service Inc 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 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Nektan ($NKTN) | | 995.3% | 129.1% | 50.1% | 13.5% |
| Easyhotel ($EZH) | | 8.7% | 39.7% | 33.7% | 56.0% |
| Webis Holdings ($WEB) | 29.7% | 45.3% | 65.8% | 24.0% | |
| Meikles Ltd ($MIK) | 7.6% | 9.7% | 0.9% | 16.9% | |
| Marston'S ($MARS) | 7.8% | 6.7% | 7.9% | 12.9% | |
| |
|---|
| Median (17 companies) | 7.6% | 8.3% | 7.3% | 7.6% | 11.9% |
|---|
| Hanatour Service Inc ($TOUR) | | 29.6% | 14.6% | 21.4% | -8.0% |
Top companies by Gross margin, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Intercontinental Hotels Group ($IHG) | 64.5% | 86.0% | 86.0% | 83.7% | |
| Eclectic Bar Grp ($BAR) | 79.4% | 80.7% | 82.3% | 82.9% | |
| Air Partner ($AIP) | 11.5% | 12.9% | 14.7% | 74.4% | |
| Nektan ($NKTN) | 42.6% | 67.9% | 64.1% | 62.2% | 56.9% |
| Easyhotel ($EZH) | 68.8% | 64.3% | 61.3% | 53.5% | 48.1% |
| |
|---|
| Median (10 companies) | 40.4% | 42.7% | 38.1% | 47.4% | 43.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Ryanair Hldgs ($RYA) | 25.1% | 28.9% | 30.6% | 31.2% | |
| Celtic ($CCP) | -1.3% | 14.6% | 18.5% | 28.4% | |
| Carnival ($CCL) | 26.7% | 29.3% | 26.6% | 28.3% | 26.1% |
| Heavitree Brewery ($HVT) | 23.7% | 25.0% | 27.8% | 24.5% | |
| Young & Co'S Brewery ($YNGN) | 22.9% | 22.6% | 23.5% | 23.4% | |
| |
|---|
| Median (16 companies) | 12.9% | 17.0% | 17.6% | 15.7% | 9.3% |
|---|
| Hanatour Service Inc ($TOUR) | 11.7% | 6.3% | 8.8% | 5.4% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Easyhotel ($EZH) | 46.8% | 153.2% | 269.8% | 412.1% | 142.5% |
| Ryanair Hldgs ($RYA) | 13.9% | 18.6% | 21.8% | 20.6% | |
| Carnival ($CCL) | 14.6% | 18.7% | 16.8% | 19.9% | 26.1% |
| Marston'S ($MARS) | 16.2% | 15.3% | 19.4% | 14.3% | |
| Ana Hldgs Inc ($ANA) | 14.1% | 14.1% | 12.7% | 13.5% | |
| |
|---|
| Median (16 companies) | 7.2% | 14.1% | 7.4% | 8.5% | 15.8% |
|---|
| Hanatour Service Inc ($TOUR) | 3.6% | 8.1% | 3.1% | 1.6% | |
Top companies by ROIC, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Intercontinental Hotels Group ($IHG) | 96.6% | 51.2% | 92.2% | 45.0% | |
| Air Partner ($AIP) | 20.0% | 20.4% | 24.6% | 34.6% | |
| Celtic ($CCP) | -14.7% | 1.5% | 11.6% | 23.7% | |
| Ryanair Hldgs ($RYA) | 13.3% | 17.2% | 17.7% | 18.4% | |
| Meikles Ltd ($MIK) | -3.5% | 1.0% | 6.1% | 12.2% | |
| |
|---|
| Median (20 companies) | 5.9% | 5.3% | 6.5% | 8.7% | 6.2% |
|---|
| Hanatour Service Inc ($TOUR) | 19.4% | 8.6% | 15.7% | 7.6% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Marston'S ($MARS) | 8.2x | 6.2x | 6.9x | 8.7x | |
| Peel Hotels ($PHO) | 4.4x | 3.9x | 0.4x | 4.3x | |
| Heavitree Brewery ($HVT) | 4.6x | 4.1x | 3.7x | 3.7x | |
| Eclectic Bar Grp ($BAR) | 1.5x | 6.8x | 2.1x | 3.4x | |
| Intercontinental Hotels Group ($IHG) | 0.3x | 1.9x | 2.3x | 3.1x | |
| |
|---|
| Median (15 companies) | 1.5x | 2.3x | 2.0x | 2.2x | 2.0x |
|---|
| Hanatour Service Inc ($TOUR) | -2.2x | -3.6x | -3.4x | -0.8x | |
