Living 3D Holdings Ltd revenue dropped on 50.1% and EBITDA Margin dropped on 2,011 pp from -2,153% to -4,163%
04/01/2019 • About Living 3D Holdings Ltd (
$LTDH) • By InTwits
Living 3D Holdings Ltd reported 2018 financial results today. Here are the key drivers of the company's long term financial model:
- Living 3D Holdings Ltd is a company in decline: 2018 revenue growth was -50.1%, 5 years revenue CAGR was -7.7%
- The company operates at negative EBITDA Margin: -4,163.3%
- EBITDA Margin is quite volatile: -4,163.3% in 2018, -2,152.7% in 2017, -1,153.7% in 2016, 26,171.7% in 2015, -7,113.5% in 2014
- Living 3D Holdings Ltd has medium CAPEX intensity: 5 year average CAPEX/Revenue was 7.5%. At the same time it's a lot of higher than industry average of 7.6%.
- CAPEX is quite volatile: $0m in 2018, $0m in 2017, $0m in 2016, $0m in 2015, $0m in 2014
- It operates with medium-size leverage: Net Debt/EBITDA is 1.4x while industry average is -2.2x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue dropped on 50.1%. Revenue decline was worsened by EBITDA margin decline. EBITDA Margin dropped on 2,011 pp from -2,153% to -4,163% in 2018. During 2014-2018 EBITDA Margin topped in 2015 at 26,172% and was declining since that time.
Gross Margin dropped on 1,156 pp from 37.5% to -1,118% in 2018. During 2014-2018 Gross Margin topped in 2016 at 56.5% and was declining since that time. SG&A as a % of Revenue surged on 2,126 pp from 2,209% to 4,336% in 2018.
Net Income margin dropped on 3,282 pp from -2,172% to -5,454% in 2018. During the last 5 years Net Income margin topped in 2015 at 25,928% and was declining since that time.
Leverage (Debt)
The company has no debt. Cash dropped on 98.2%.
Financial and operational results
FY ended 12/31/2018
Living 3D Holdings Ltd ($LTDH) key annual financial indicators| mln. $ | 2014 | 2015 | 2016 | 2017 | 2018 | 2018/2017 |
|---|
P&L
|
|---|
| Revenue | 0.009 | 0.007 | 0.014 | 0.008 | 0.004 | -50.1% |
| Gross Profit | 0.001 | 0.000 | 0.008 | 0.003 | -0.046 | -1,588.2% |
| SG&A | | 0.344 | 0.176 | 0.181 | 0.178 | -2.1% |
| EBITDA | -0.605 | 1.778 | -0.167 | -0.177 | -0.170 | |
| Net Income | -0.476 | 1.762 | -0.168 | -0.178 | -0.223 | |
Balance Sheet
|
|---|
| Cash | 0.004 | 0.000 | 0.001 | 0.051 | 0.001 | -98.2% |
| 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 | 0.003 | 0.000 | 0.000 | 0.000 | 0.000 | |
Ratios
|
|---|
| Revenue growth | 39.4% | -20.2% | 112.5% | -43.2% | -50.1% | |
| EBITDA growth | -17.4% | -393.7% | -109.4% | 6.0% | -3.5% | |
|
|---|
| Gross Margin | 7.2% | 7.3% | 56.5% | 37.5% | -1,118.2% | -1,155.7% |
| EBITDA Margin | -7,113.5% | 26,171.7% | -1,153.7% | -2,152.7% | -4,163.3% | -2,010.6% |
| SG&A, % of revenue | | 5,061.4% | 1,217.5% | 2,209.4% | 4,335.8% | 2,126.5% |
| Net Income Margin | -5,595.3% | 25,927.9% | -1,161.0% | -2,171.9% | -5,454.0% | -3,282.2% |
| CAPEX, % of revenue | 37.3% | 0.0% | 0.0% | 0.0% | 0.0% | |
|
|---|
| Net Debt/EBITDA | | -0.0x | | | |
Living 3D Holdings Ltd ($LTDH) key quoterly financial indicators
| mln. $ | 18Q1 | 18Q2 | 18Q3 | 18Q4 | | YoY change |
|---|
P&L
|
|---|
| Revenue | 0 | 0 | 0 | 0 | | -51.2% | -64.1% | -76.6% | |
| EBITDA | -0 | -0 | -0 | -0 | | | | | |
| Net Income | -0 | -0 | -0 | -0 | | | | | |
Balance Sheet
|
|---|
| Cash | 0 | 0 | 0 | 0 | | 306.9% | 478.6% | 638.1% | |
| Short Term Debt | 0 | 0 | 0 | 0 | | | | | |
| Long Term Debt | 0 | 0 | 0 | 0 | | | | | |
Ratios
|
|---|
| EBITDA Margin | -690.1% | -5,117.6% | -4,860.5% | -16,196.5% | | -234.1% | -738.4% | -3,960.3% | |
| Net Income Margin | -1,205.4% | -7,990.4% | -8,248.5% | -18,136.9% | | -741.9% | -3,580.5% | -7,324.6% | |
Peers in Application Software
Below we provide Living 3D Holdings Ltd benchmarking against other companies in Application Software 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 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| nFusz Inc ($FUSZ) | | | | | 433.3% |
| CloudCommerce Inc ($CLWD) | | -38.1% | 247.6% | 40.9% | 301.1% |
| Seven Stars Cloud Group, Inc. ($SSC) | | 134.7% | 663.8% | 310.3% | 161.7% |
| Aurora Mobile Limited ($JG) | | | | 304.9% | 150.8% |
| Intelligent Systems Corporation ($INS) | | 14.2% | 71.0% | 12.2% | 119.0% |
| |
|---|
| Median (151 companies) | -43.3% | 14.0% | 13.6% | 15.7% | 15.2% |
|---|
| Living 3D Holdings Ltd ($LTDH) | | -20.2% | 112.5% | -43.2% | -50.1% |
Top companies by Gross margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Skkynet Cloud Systems Inc ($SKKY) | 99.7% | 97.4% | 98.0% | 97.6% | 96.5% |
| hopTo Inc ($HPTO) | 91.8% | 87.8% | 95.9% | 98.2% | 95.4% |
| Aware, Inc. ($AWRE) | 75.4% | 87.2% | 90.3% | 94.6% | 92.3% |
| Alteryx, Inc. ($AYX) | 77.5% | 80.5% | 81.3% | 83.4% | 91.0% |
| Aspen Technology, Inc. ($AZPN) | 86.5% | 88.7% | 89.7% | 90.2% | 89.9% |
| |
|---|
| Median (150 companies) | 63.4% | 61.9% | 64.2% | 64.6% | 66.1% |
|---|
| Living 3D Holdings Ltd ($LTDH) | 7.2% | 7.3% | 56.5% | 37.5% | -1,118.2% |
Top companies by EBITDA margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Aspen Technology, Inc. ($AZPN) | 34.5% | 42.2% | 46.0% | 45.2% | 43.3% |
| ANSYS, Inc. ($ANSS) | 45.9% | 45.8% | 45.1% | 41.9% | 41.4% |
| Paycom Software, Inc. ($PAYC) | 15.1% | 19.5% | 35.1% | 34.4% | 35.9% |
| j2 Global, Inc. ($JCOM) | 41.6% | 40.6% | 41.7% | 36.5% | 35.7% |
| Adobe Inc. ($ADBE) | 17.5% | 25.9% | 31.2% | 34.2% | 35.3% |
| |
|---|
| Median (152 companies) | -10.1% | -10.7% | -4.7% | -3.3% | -3.2% |
|---|
| Living 3D Holdings Ltd ($LTDH) | -7,113.5% | 26,171.7% | -1,153.7% | -2,152.7% | -4,163.3% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| TimefireVR Inc ($TFVR) | 0.0% | 350.5% | 4.3% | | 1,021.9% |
| MGT Capital Investments Inc ($MGTI) | 0.0% | 36.5% | 221.4% | 129.8% | 344.5% |
| Integrated Ventures Inc ($INTV) | | | | | 199.9% |
| ShotSpotter, Inc. ($SSTI) | | 18.3% | 28.9% | 27.1% | 24.3% |
| Ellie Mae, Inc. ($ELLI) | 12.3% | 20.6% | 16.7% | 21.1% | 19.4% |
| |
|---|
| Median (153 companies) | 2.8% | 2.7% | 3.0% | 2.3% | 2.4% |
|---|
| Living 3D Holdings Ltd ($LTDH) | 37.3% | 0.0% | 0.0% | 0.0% | 0.0% |
Top companies by ROIC, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| InsPro Technologies Corp ($ITCC) | -558.9% | | | | 127.4% |
| Manhattan Associates, Inc. ($MANH) | 64.8% | 78.7% | 99.3% | 102.5% | 80.9% |
| Intuit Inc. ($INTU) | 34.2% | 23.7% | 52.1% | 72.6% | 66.8% |
| Aspen Technology, Inc. ($AZPN) | 133.4% | | | | 58.1% |
| Paycom Software, Inc. ($PAYC) | 16.7% | 30.5% | 75.4% | 51.1% | 47.5% |
| |
|---|
| Median (179 companies) | -14.3% | -12.2% | -9.5% | -11.0% | -9.8% |
|---|
| Living 3D Holdings Ltd ($LTDH) | | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Upland Software, Inc. ($UPLD) | | | 16.4x | 115.6x | 16.7x |
| Nuance Communications, Inc. ($NUAN) | 7.9x | 5.7x | 5.3x | 7.1x | 15.2x |
| Asure Software Inc ($ASUR) | 3.4x | 4.5x | 3.6x | 9.5x | 14.5x |
| SS&C Technologies Holdings, Inc. ($SSNC) | 1.7x | 7.3x | 4.6x | 3.1x | 8.5x |
| Avaya Holdings Corp. ($AVYA) | | | | | 7.4x |
| |
|---|
| Median (70 companies) | -1.4x | -1.0x | -0.9x | -0.8x | -0.7x |
|---|
