Eclectic Bar Grp Net Income dropped on 37.4% and Revenue dropped on 17.4%
28 Sep 2020 • About Eclectic Bar Grp (
$BAR) • By InTwits
Eclectic Bar Grp reported FY2020 financial results today. Overall the company's long term financial model is characterised by the following facts: Eclectic Bar Grp is a company in decline: FY2020 revenue growth was -17.4%, 5 years revenue CAGR was -6.1%.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue dropped on 17.4%.
Net Income margin decreased on 4.3 pp from 18.0% to 13.6% in FY2020. Net Income margin stuck to a growing trend at 4.0 pp per annum in FY2016-FY2020.
Financial and operational results
Eclectic Bar Grp ($BAR) key annual financial indicators| mln. £ | 2016 | 2017 | 2018 | 2019 | 2020 | 2020/2019 |
|---|
P&L
|
|---|
| Revenue | 22.592 | 31.304 | 31.682 | 19.676 | 16.250 | -17.4% |
| Gross Profit | 18.227 | 25.764 | 26.258 | 6.996 | | |
| SG&A | | | | 5.016 | | |
| EBITDA | 1.381 | 3.481 | 4.126 | 4.138 | | |
| Net Income | -0.096 | 1.875 | 1.761 | 3.539 | 2.217 | -37.4% |
Balance Sheet
|
|---|
| Cash | 3.064 | 4.073 | 2.812 | 0.381 | | |
| Short Term Debt | 1.200 | 1.200 | 1.696 | 1.139 | | |
| Long Term Debt | 11.194 | 10.102 | 14.988 | 2.091 | | |
Cash flow
|
|---|
| Capex | 1.237 | 1.687 | 3.336 | 1.088 | | |
Ratios
|
|---|
| Revenue growth | 1.4% | 38.6% | 1.2% | -37.9% | -17.4% | |
| EBITDA growth | -21.2% | 152.1% | 18.5% | 0.3% | | |
|
|---|
| Gross Margin | 80.7% | 82.3% | 82.9% | 35.6% | | |
| EBITDA Margin | 6.1% | 11.1% | 13.0% | 21.0% | |
| SG&A, % of revenue | | | | 25.5% | | |
| Net Income Margin | -0.4% | 6.0% | 5.6% | 18.0% | 13.6% | -4.3% |
| CAPEX, % of revenue | 5.5% | 5.4% | 10.5% | 5.5% | | |
|
|---|
| ROIC | 1.2% | 8.3% | 8.1% | 6.4% | | |
| ROE | -1.1% | 12.8% | 9.5% | 13.5% | | |
| Net Debt/EBITDA | 6.8x | 2.1x | 3.4x | 0.7x | |
Peers in Travel & Leisure
Below we provide Eclectic Bar Grp benchmarking against other companies in Travel & Leisure industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Easyhotel ($EZH) | 8.7% | 39.7% | 33.7% | 56.0% | - |
| Nektan ($NKTN) | 995.3% | 129.1% | 50.1% | 13.5% | - |
| Carnival ($CCL) | 4.3% | 6.8% | 7.8% | 10.3% | - |
| Intercontinental Hotels Group ($IHG) | 117.0% | 4.2% | 6.4% | 6.7% | - |
| Go-Ahead Group ($GOG) | - | 3.6% | -0.6% | 6.1% | 6.1% |
| |
|---|
| Median (9 companies) | 8.7% | 6.1% | 7.6% | 6.1% | -1.0% |
|---|
| Eclectic Bar Grp ($BAR) | - | 38.6% | 1.2% | -37.9% | -17.4% |
Top companies by Gross margin, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Intercontinental Hotels Group ($IHG) | 86.0% | 86.0% | 83.7% | 82.9% | - |
| Nektan ($NKTN) | 67.9% | 64.1% | 62.2% | 56.9% | - |
| Easyhotel ($EZH) | 64.3% | 61.3% | 53.5% | 48.1% | - |
| Rank Group ($RNK) | 44.7% | 44.7% | 45.5% | 45.6% | 42.7% |
| Carnival ($CCL) | 42.7% | 40.0% | 41.3% | 38.0% | - |
| |
|---|
| Median (6 companies) | 42.7% | 38.1% | 43.4% | 46.8% | 42.7% |
|---|
| Eclectic Bar Grp ($BAR) | 80.7% | 82.3% | 82.9% | 35.6% | - |
Top companies by EBITDA margin, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Heavitree Brewery ($HVT) | 25.0% | 27.8% | 24.5% | 27.4% | - |
| Carnival ($CCL) | 29.3% | 26.6% | 28.3% | 26.1% | - |
| Intercontinental Hotels Group ($IHG) | 20.2% | 19.7% | 14.9% | 16.1% | - |
| Easyhotel ($EZH) | 21.6% | 18.0% | 19.4% | 13.5% | - |
| Rank Group ($RNK) | 19.4% | 18.4% | 13.5% | 12.1% | 15.5% |
| |
|---|
| Median (8 companies) | 17.0% | 17.6% | 15.1% | 12.8% | 14.0% |
|---|
| Eclectic Bar Grp ($BAR) | 6.1% | 11.1% | 13.0% | 21.0% | - |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Easyhotel ($EZH) | 153.2% | 269.8% | 412.1% | 142.5% | - |
| Carnival ($CCL) | 18.7% | 16.8% | 19.9% | 26.1% | - |
| Heavitree Brewery ($HVT) | 17.8% | 15.3% | 10.2% | 6.7% | - |
| Tui Ag ($TUI) | 4.4% | 6.0% | 5.4% | 5.5% | - |
| Rank Group ($RNK) | 5.4% | 4.2% | 3.7% | 3.3% | 5.1% |
| |
|---|
| Median (7 companies) | 8.1% | 5.5% | 4.9% | 5.5% | 3.6% |
|---|
| Eclectic Bar Grp ($BAR) | 5.5% | 5.4% | 10.5% | 5.5% | - |
Top companies by ROIC, %
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Go-Ahead Group ($GOG) | 33.1% | 25.4% | 22.9% | 12.8% | 1.8% |
| Heavitree Brewery ($HVT) | 8.5% | 10.3% | 8.7% | 9.6% | - |
| Carnival ($CCL) | 9.5% | 8.6% | 9.8% | 9.1% | - |
| Rank Group ($RNK) | 19.7% | 17.3% | 10.2% | 8.1% | 3.6% |
| Tui Ag ($TUI) | 15.5% | 14.4% | 12.1% | 6.2% | - |
| |
|---|
| Median (9 companies) | 6.8% | 7.1% | 9.7% | 8.6% | 2.7% |
|---|
| Eclectic Bar Grp ($BAR) | 1.2% | 8.3% | 8.1% | 6.4% | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Heavitree Brewery ($HVT) | 4.1x | 3.7x | 3.7x | 2.9x | - |
| Easyhotel ($EZH) | -5.0x | -14.0x | -11.4x | 2.5x | - |
| Carnival ($CCL) | 1.8x | 1.9x | 1.7x | 2.0x | - |
| Tui Ag ($TUI) | -0.0x | -0.5x | 0.0x | 1.1x | - |
| Intercontinental Hotels Group ($IHG) | 1.9x | 2.3x | 3.1x | 0.0x | - |
| |
|---|
| Median (7 companies) | 1.8x | 1.6x | 1.1x | 1.1x | 2.0x |
|---|
| Eclectic Bar Grp ($BAR) | 6.8x | 2.1x | 3.4x | 0.7x | - |
