24.04.2013Ticker: Banque Cantonale Vaudoise Benchmark:Currency: SIX Swiss Ex: BCVN, Currency: CHF SWISS MARKET INDEX (SMI)...
Banque Cantonale VaudoiseTarget price in CHFDate Buy Hold Sell Date Price Target Price Broker Analyst Recommendation Targe...
24.04.2013Banque Cantonale VaudoiseOwnership Statistics Geographic Ownership DistributionShares Outstanding (M) 8.6 Switze...
Banque Cantonale VaudoiseFinancial information is in CHF (M)Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 1...
Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15EBalance SheetTotal Curr...
Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15ECash FlowsNet Income -1...
Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15ERatio AnalysisValuation...
BANQUE CANTO-REGCREDIT SUISS-REG UBS AG-REG BANK SARASIN-B GAM HOLDING AGVONTOBEL HLDG-RST GALLER KA-REG EFG INTERNAT AG V...
Upcoming SlideShare
Loading in...5
×

Financial Analysis - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services

257

Published on

Financial Analysis - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
257
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Financial Analysis - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services

  1. 1. 24.04.2013Ticker: Banque Cantonale Vaudoise Benchmark:Currency: SIX Swiss Ex: BCVN, Currency: CHF SWISS MARKET INDEX (SMI)Sector: Financials Industry: Commercial Banks Year:Telephone 41-21-212-1000 Revenue (M) Business Segments in CHF Sales (M) Geographic Segments in CHF Sales (M)Website www.bcv.ch No of Employees Wealth Management 368 Switzerland 1Address Place Saint-Francois 14 Case postale 300 Lausanne, 1001 Switzerland Corporate Banking 287 Rest of the WorldShare Price Performance in CHF Retail Banking 214Price 555.50 1M Return 5.4% Corporate Center 8652 Week High 558.50 6M Return 11.8% Trading 6252 Week Low 457.25 52 Wk Return 16.0%52 Wk Beta 0.55 YTD Return 14.6%Credit RatingsBloomberg IG2S&P AA Date 05.12.2011 Outlook NEGMoodys - Date - Outlook STABLEFitch - Date - Outlook -Valuation Ratios12/09 12/10 12/11 12/12 12/13E 12/14E 12/15EP/E 11.8x 13.5x 13.0x 13.4x 15.6x 15.3x 14.8xEV/EBIT - - - - - - -EV/EBITDA - - - - - - -P/S 2.6x 3.1x 2.9x 3.2x 4.7x 4.6x 4.5xP/B 1.4x 1.7x 1.5x 1.6x 1.4x 1.3x 1.4xDiv Yield 5.1% 4.5% 7.0% 6.6% 5.8% 5.9% 6.0%Profitability Ratios %12/09 12/10 12/11 12/12 12/13E 12/14E 12/15EGross Margin - - - - - - -EBITDA Margin - - - - - - -Operating Margin 35.0 36.5 34.5 36.5 51.8 53.2 51.4Profit Margin 28.8 29.1 27.7 29.1 29.9 30.2 29.9Return on Assets 0.8 0.9 0.8 0.8 0.9 0.9 0.9Return on Equity 12.1 12.4 11.8 12.0 9.2 9.2 9.3Leverage and Coverage Ratios12/09 12/10 12/11 12/12Current Ratio - - - - Current Capitalization in CHFQuick Ratio - - - - Common Shares Outstanding (M) 8.6EBIT/Interest - - - - Market Capitalization (M) 4780.7Tot Debt/Capital 0.8 0.7 0.8 0.8 Cash and ST Investments (M) 6738.0Tot Debt/Equity 3.2 3.0 3.1 3.2 Total Debt (M) 8850.0Eff Tax Rate % 22.6 22.9 23.0 22.8 Preferred Equity (M) 0.0LT Investments in Affiliate Companies (M) 0.0Investments (M) 20.0Enterprise Value (M) 6912.7Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, andcorporate banking services. The Bank offers consumer loans, treasury management,pension funds, and investment management services, trades in commodities, adviseson mergers and acquisitions, and offers securities brokerage services. BCV operatesprimarily in the Canton of Vaud.BCVN SW13211967Company Analysis - Overview37%28%21%8%6%Wealth ManagementCorporate BankingRetail BankingCorporate CenterTrading100%SwitzerlandQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  2. 2. Banque Cantonale VaudoiseTarget price in CHFDate Buy Hold Sell Date Price Target Price Broker Analyst Recommendation Target Date29-Mar-13 0% 50% 50% 24-Apr-13 555.50 493.75 EVA Dimensions AUSTIN BURKETT sell 20-Feb-1328-Feb-13 0% 60% 40% 23-Apr-13 554.00 493.75 Bank Vontobel AG TERESA NIELSEN hold 530.00 19-Feb-1331-Jan-13 0% 80% 20% 22-Apr-13 551.50 493.75 Zuercher Kantonalbank ANDREAS VENDITTI market perform 15-Feb-1331-Dec-12 0% 83% 17% 19-Apr-13 552.00 493.75 Main First Bank AG KILIAN MAIER underperform 490.00 14-Feb-1330-Nov-12 0% 100% 0% 18-Apr-13 552.50 493.75 Helvea TIM DAWSON neutral 525.00 14-Feb-1331-Oct-12 0% 83% 17% 17-Apr-13 548.00 493.7528-Sep-12 0% 83% 17% 16-Apr-13 552.50 493.7531-Aug-12 0% 83% 17% 15-Apr-13 552.50 493.7531-Jul-12 0% 100% 0% 12-Apr-13 557.50 493.7529-Jun-12 0% 100% 0% 11-Apr-13 555.00 493.7531-May-12 0% 80% 20% 10-Apr-13 549.50 493.7530-Apr-12 0% 80% 20% 9-Apr-13 540.00 493.758-Apr-13 532.00 493.755-Apr-13 534.00 493.754-Apr-13 537.50 493.753-Apr-13 538.50 493.752-Apr-13 538.50 493.751-Apr-13 530.00 493.7529-Mar-13 530.00 493.7528-Mar-13 530.00 493.7527-Mar-13 530.00 493.7526-Mar-13 522.00 493.7525-Mar-13 528.00 493.7522-Mar-13 527.00 493.7521-Mar-13 523.00 493.7520-Mar-13 529.00 493.7519-Mar-13 529.00 493.7518-Mar-13 529.00 493.7515-Mar-13 529.50 493.7514-Mar-13 523.00 493.75Company Analysis - Analysts RatingsBuy and Sell Recommendations vs Price and Target Price0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%80% 80%100% 100%83% 83% 83%100%83% 80%60%50%20% 20%0% 0%17% 17% 17%0%17% 20%40%50%0%20%40%60%80%100%avr.12 mai.12 juin.12 juil.12 août.12 sept.12 oct.12 nov.12 déc.12 janv.13 févr.13 mars.13BrokerRecommendation0100200300400500600PriceBuy Hold Sell Price Target PriceBrokers Target Price0100200300400500600EVADimensionsBankVontobelAGZuercherKantonalbankMainFirstBankAGHelveaQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  3. 3. 24.04.2013Banque Cantonale VaudoiseOwnership Statistics Geographic Ownership DistributionShares Outstanding (M) 8.6 Switzerland 93.85%Float 32.7% United States 2.71%Short Interest (M) Luxembourg 1.51%Short Interest as % of Float Britain 0.75%Days to Cover Shorts Unknown Country 0.46%Institutional Ownership 74.16% France 0.14%Retail Ownership 25.49% Germany 0.13%Insider Ownership 0.34% Others 0.45%Institutional Ownership DistributionGovernment 89.92%Investment Advisor 9.14%Individual 0.46%Pension Fund (Erisa) 0.38%Pricing data is in CHF Others 0.09%Top 20 Owners:Holder Name Position Position Change Market Value % of Ownership Report Date Source CountryCANTON OF VAUD 5766154 0 3203098547 67.00% 31.12.2012 Co File SWITZERLANDUBS FUND MANAGEMENT 95138 -3124 52849159 1.11% 28.12.2012 MF-AGG SWITZERLANDCREDIT SUISSE ASSET 45974 1239 25538557 0.53% 28.02.2013 MF-AGG SWITZERLANDTHORNBURG INVESTMENT 44400 0 24664200 0.52% 28.02.2013 MF-AGG UNITED STATESBLACKROCK 39998 -15064 22218889 0.46% 22.04.2013 ULT-AGG UNITED STATESVANGUARD GROUP INC 32991 3966 18326501 0.38% 31.03.2013 MF-AGG UNITED STATESSWISSCANTO FONDSLEIT 28924 -22010 16067282 0.34% 28.02.2013 MF-AGG SWITZERLANDSCHRODER INVESTMENT 24900 6305 13831950 0.29% 31.12.2012 MF-AGG BRITAINNEW JERSEY DIVISION 24618 0 13675299 0.29% 30.06.2012 MF-AGG UNITED STATESPICTET & CIE 23928 399 13292004 0.28% 31.01.2013 MF-AGG SWITZERLANDALLIANZ ASSET MANAGE 20887 -1855 11602729 0.24% 28.02.2013 ULT-AGG GERMANYVONTOBEL ASSET MANAG 20400 750 11332200 0.24% 28.12.2012 MF-AGG SWITZERLANDBNP PARIBAS INV PART 18003 -462 10000667 0.21% 28.02.2013 ULT-AGG FRANCEJUPITER ASSET MANAGE 17256 -8913 9585708 0.20% 31.12.2012 MF-AGG BRITAINSCHRODER INVESTMENT 16170 0 8982435 0.19% 28.09.2012 MF-AGG SWITZERLANDPRUDENTIAL FINANCIAL 14918 4605 8286949 0.17% 28.02.2013 ULT-AGG UNITED STATESBARING FUND MANAGERS 12574 0 6984857 0.15% 31.12.2012 MF-AGG BRITAINSARASIN 9201 0 5111156 0.11% 28.12.2012 ULT-AGGKIENER PASCAL 8355 0 4641203 0.10% 31.12.2012 Co File n/aSTEIMER OLIVIER 8074 0 4485107 0.09% 31.12.2012 Co File n/aTop 5 Insiders:Holder Name Position Position Change Market Value % of Ownership Report Date SourceKIENER PASCAL 8355 4641203 0.10% 31.12.2012 Co FileSTEIMER OLIVIER 8074 4485107 0.09% 31.12.2012 Co FileSAGER BERTRAND 2042 1134331 0.02% 31.12.2012 Co FileBICHSEL STEFAN 1908 1059894 0.02% 31.12.2012 Co FilePAULSEN THOMAS W 1738 965459 0.02% 31.12.2012 Co FileCompany Analysis - OwnershipOwnership Type75%25%0%Institutional Ownership Retail Ownership Insider OwnershipGeographic Ownership94%0%2%0%1% 0%0%3%Switzerland United States LuxembourgBritain Unknown Country FranceGermany OthersInstitutional Ownership91%0% 0%0%9%Government Investment Advisor IndividualPension Fund (Erisa) OthersTOP 20 ALLQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  4. 4. Banque Cantonale VaudoiseFinancial information is in CHF (M)Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15EIncome StatementRevenue 1604 1516 1438 1499 1590 1727 1566 1371 1352 1352 1321 1026 1036 1074- Cost of Goods SoldGross Income- Selling, General & Admin Expenses 856 732 674 643 656 645 589 590 608 622 611(Research & Dev Costs)Operating Income -977 156 427 378 433 429 325 365 393 377 391 531 551 552- Interest Expense- Foreign Exchange Losses (Gains)- Net Non-Operating Losses (Gains) -36 -18 -12 -210 -247 -287 -134 -24 -14 -14 -12Pretax Income -1192 174 359 477 558 576 459 390 407 391 403 406 416 425- Income Tax Expense 8 17 22 20 23 99 101 88 93 90 92Income Before XO Items -1200 157 337 457 534 477 358 301 314 301 311- Extraordinary Loss Net of Tax 0 0 0 0 0 0 0 0- Minority Interests 0 3 2 3 4 4 1 1 1 -1 0Diluted EPS Before XO Items 41.40 34.93 36.39 35.10 36.14Net Income Adjusted* -1200 154 335 356 410 473 330 279 313 302 304 307 313 322EPS Adjusted (141.39) 6.98 39.31 41.36 47.85 55.28 38.39 32.41 36.39 35.10 35.28 35.68 36.28 37.43Dividends Per Share 0.00 2.00 3.00 4.50 7.00 14.00 20.00 21.00 22.00 32.00 32.00 32.00 32.60 33.20Payout Ratio % 40.4 7.6 8.5 11.4 25.5 48.3 60.1 60.4 91.2 88.6 0.90 0.90 0.89Total Shares Outstanding 8 22 8 9 9 9 9 9 9 9 9Diluted Shares Outstanding 9 9 9 9 9EBITDA*Net income excludes extraordinary gains and losses and one-time charges.Equivalent EstimatesCompany Analysis - Financials I/IVFiscal YearQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  5. 5. Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15EBalance SheetTotal Current Assets+ Cash & Near Cash Items 399 368 400 282 321 353 546 1404 388 1711 4735+ Short Term Investments 1142 1360 1489 1806 2116 2146 702 485 2413 601 693+ Accounts & Notes Receivable+ Inventories+ Other Current AssetsTotal Long-Term Assets+ Long Term Investments 1508 1539 1573 1697 1669 1671 1634 2951 2966 2975 3153Gross Fixed AssetsAccumulated Depreciation+ Net Fixed Assets 424 410 392 381 365 286 283 597 588 628 621+ Other Long Term Assets 3373 2714 2413 4244 1857 2037 1897 515 710 895 633Total Current Liabilities+ Accounts Payable+ Short Term Borrowings 3318 2987 2458 3554 2091 2477 2361 2243 1994 2749 2447+ Other Short Term Liabilities 2250 2130 1854 4925 2336 2084 1592 926 974 944 867Total Long Term Liabilities+ Long Term Borrowings 9255 7628 6331 5475 6684 6938 6508 5937 5582 5202 5968+ Other Long Term Borrowings 254 253 332 484 628 765 1076 704 704 704 704Total Liabilities 31618 29789 27950 32088 30176 32816 33138 33215 33018 35306 37189+ Long Preferred Equity 0 0 0 0 0 0 0 0 0 0 0+ Minority Interest 20 21 14 15 14 15 13 14 14 20 1+ Share Capital & APIC 1695 1714 1722 1596 1345 891 613 529 445 446 361+ Retained Earnings & Other Equity -814 575 853 1176 1495 1615 1847 1975 2108 2131 2249Total Shareholders Equity 901 2310 2588 2787 2855 2521 2473 2518 2567 2597 2611Total Liabilities & Equity 32519 32098 30537 34875 33031 35337 35611 35733 35585 37903 39800Book Value Per Share 103.78 104.24 304.18 325.40 331.73 291.80 286.37 291.49 297.12 300.04 303.28 405.89 412.44 399.31Tangible Book Value Per Share 89.84 100.82 293.24 314.24 329.80 290.44 285.73 290.95 296.69 295.97 298.98Company Analysis - Financials II/IVQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  6. 6. Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15ECash FlowsNet Income -1200 154 335 454 530 473 356 301 313 302 311 308 313 320+ Depreciation & Amortization 1357 262 1 -77 -110 -175 35 102 58 98+ Other Non-Cash Adjustments 224 -9 82 119 130 144 3 -1 2 -1+ Changes in Non-Cash Capital -34 6 -6 -30 1 85 -79 -11 25 -22Cash From Operating Activities 347 413 412 467 551 527 315 391 397 377+ Disposal of Fixed Assets+ Capital Expenditures+ Increase in Investments+ Decrease in Investments+ Other Investing ActivitiesCash From Investing Activities+ Dividends Paid -121+ Change in Short Term Borrowings+ Increase in Long Term Borrowings+ Decrease in Long Term Borrowings+ Increase in Capital Stocks+ Decrease in Capital Stocks+ Other Financing ActivitiesCash From Financing Activities -121Net Changes in CashFree Cash Flow (CFO-CAPEX) 347 413 412 467 525 498 304 379 377 353Free Cash Flow To FirmFree Cash Flow To EquityFree Cash Flow per Share 40.87 18.71 48.33 54.50 61.09 57.90 35.34 43.99 43.77 41.02Company Analysis - Financials III/IVQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  7. 7. Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15ERatio AnalysisValuation RatiosPrice Earnings 20.2x 5.2x 7.1x 12.2x 12.8x 7.7x 11.8x 13.5x 13.0x 13.4x 15.6x 15.3x 14.8xEV to EBITEV to EBITDAPrice to Sales 0.4x 2.1x 1.2x 2.2x 3.2x 2.5x 1.7x 2.6x 3.1x 2.9x 3.2x 4.7x 4.6x 4.5xPrice to Book 0.8x 1.4x 0.7x 1.2x 1.8x 1.7x 1.1x 1.4x 1.7x 1.5x 1.6x 1.4x 1.3x 1.4xDividend Yield 0.0% 1.4% 1.5% 1.2% 1.2% 2.8% 6.3% 5.1% 4.5% 7.0% 6.6% 5.8% 5.9% 6.0%Profitability RatiosGross MarginEBITDA Margin - - -Operating Margin -103.7% 15.3% 41.7% 33.9% 36.8% 36.7% 32.4% 35.0% 36.5% 34.5% 36.5% 51.8% 53.2% 51.4%Profit Margin -127.3% 15.1% 32.7% 40.8% 45.1% 40.5% 35.5% 28.8% 29.1% 27.7% 29.1% 29.9% 30.2% 29.9%Return on Assets -3.6% 0.5% 1.1% 1.4% 1.6% 1.4% 1.0% 0.8% 0.9% 0.8% 0.8% 0.9% 0.9% 0.9%Return on Equity -104.4% 9.7% 13.8% 17.0% 18.9% 17.7% 14.3% 12.1% 12.4% 11.8% 12.0% 9.2% 9.2% 9.3%Leverage & Coverage RatiosCurrent RatioQuick RatioInterest Coverage Ratio (EBIT/I)Tot Debt/Capital 0.93 0.82 0.77 0.76 0.75 0.79 0.78 0.76 0.75 0.75 0.76Tot Debt/Equity 13.95 4.60 3.40 3.24 3.07 3.73 3.59 3.25 2.95 3.06 3.22OthersAsset Turnover 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.04 0.04 0.03Accounts Receivable TurnoverAccounts Payable TurnoverInventory TurnoverEffective Tax Rate 9.6% 6.1% 4.3% 4.2% 17.1% 22.1% 22.6% 22.9% 23.0% 22.8%Company Analysis - Financials IV/IVQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  8. 8. BANQUE CANTO-REGCREDIT SUISS-REG UBS AG-REG BANK SARASIN-B GAM HOLDING AGVONTOBEL HLDG-RST GALLER KA-REG EFG INTERNAT AG VZ HOLDING AG LIECHTENSTEIN-BRPARTNERS GROUPJJULIUS BAERGROUVERWALTUNGS-U-BR12/2012 12/2012 12/2012 12/2011 12/2012 12/2012 12/2012 12/2012 12/2012 12/2012 12/2012 12/2012 12/2012558.50 27.85 16.39 28.35 17.17 33.40 414.00 13.25 133.00 40.40 239.40 37.71 88.0012.04.2013 07.02.2013 25.01.2013 05.10.2012 07.03.2013 25.02.2013 15.03.2013 12.03.2013 11.03.2013 15.05.2012 24.04.2013 14.03.2013 05.03.2013457.25 15.97 9.69 24.50 9.60 17.80 320.75 4.77 85.00 25.50 157.20 28.86 60.0015.05.2012 03.08.2012 24.07.2012 08.10.2012 25.05.2012 28.06.2012 21.05.2012 24.07.2012 26.07.2012 16.11.2012 04.06.2012 06.06.2012 21.11.20121302 3914836 5860642 1263 117581 27531 251 7814 355 6635 16575 112668 2632555.50 26.42 15.40 26.60 15.70 30.10 405.00 11.50 130.30 37.80 238.00 35.78 73.75-0.5% -5.1% -6.0% -6.2% -8.6% -9.9% -2.2% -13.2% -2.0% -6.4% -0.6% -5.1% -16.2%21.5% 65.4% 59.0% 8.6% 63.6% 69.1% 26.3% 141.1% 53.3% 48.2% 51.4% 24.0% 22.9%8.6 1293.8 3747.4 62.9 164.6 63.4 5.5 146.7 7.8 28.5 25.5 214.1 5.84781 40677 59089 1673 2879 1957 2257 1687 1042 1164 6355 8008 4368415.0 330510.0 267401.0 2024.9 23.4 8900.3 5469.2 2075.1 29.9 1960.4 - 8190.7 857.6- - - - - - - - - - - - -1.0 6786.0 4353.0 37.4 2.0 - - 104.3 0.1 100.4 0.9 2.3 17.76742.0 63708.0 66383.0 2764.8 504.0 4216.7 2748.5 4757.7 233.2 7897.6 234.7 15606.0 5716.0- - 264460 - - 6640 - - 839 - 6121 - -LFY 1321.2 38313.0 37754.0 831.5 999.1 904.9 711.5 1172.2 153.6 584.0 564.2 2028.9 312.6LTM 1321.2 39068.0 37758.0 795.5 998.2 904.9 711.5 1172.2 153.6 584.0 564.2 2028.9 312.6CY+1 1026.0 26588.8 26834.9 718.0 649.9 830.4 501.0 806.6 175.3 383.0 520.4 2139.7 219.0CY+2 1035.7 27486.8 27871.0 741.3 702.9 900.3 510.0 883.9 200.0 368.0 607.5 2550.4 225.0LFY - - 6.9x - - 7.2x - - 4.6x - 9.1x - -LTM - - 6.9x - - 7.2x - - 4.6x - 9.1x - -CY+1 - 35.2x - - 3.7x - - - - - 11.7x -1.3x -CY+2 - 34.0x - - 3.2x - - - - - 10.0x -2.1x -LFY - - 15529.0 - - 222.3 - - 70.3 - 295.5 - -LTM - - 15530.0 - - 222.3 - - 70.3 - 295.5 - -CY+1 - - - - - - - - 84.3 - 325.9 - -CY+2 - - - - - - - - 98.5 - 385.7 - -LFY - - 16.7x - - 29.1x - - 9.9x - 17.4x - -LTM - - 16.7x - - 29.1x - - 9.9x - 17.4x - -CY+1 - - - - - - - - - - 18.7x - -CY+2 - - - - - - - - - - 15.7x - -LFY 35.48 2.26 0.52 1.63 0.51 2.02 26.00 0.74 6.89 3.32 9.92 2.13 8.17LTM 36.14 1.59 -0.67 1.04 0.51 2.05 27.28 0.76 6.92 3.32 10.15 1.49 8.17CY+1 35.68 2.66 0.89 2.04 1.19 2.29 30.19 0.98 8.08 3.11 11.70 2.09 4.55CY+2 36.28 3.05 1.19 1.83 1.36 2.64 30.62 1.16 9.29 3.44 13.61 2.74 5.29LFY 15.4x 16.6x - 25.6x 30.8x 14.7x 14.8x 15.1x 18.8x 11.4x 23.4x 24.0x 9.0xLTM 15.7x 9.2x 30.1x 25.6x 30.8x 14.9x 15.6x 15.5x 18.9x 11.4x 24.0x 24.9x 9.0xCY+1 15.6x 9.9x 17.3x 13.0x 13.2x 13.2x 13.4x 11.7x 16.1x 12.2x 20.3x 17.2x 16.2xCY+2 15.3x 8.7x 12.9x 14.6x 11.6x 11.4x 13.2x 9.9x 14.0x 11.0x 17.5x 13.0x 13.9x1 Year (2.3%) (10.3%) (7.6%) (2.3%) 23.0% 1.6% 1.2% 8.7% 6.8% 5.2% 25.7% (1.1%) (2.5%)5 Year (4.5%) (5.2%) (10.1%) (5.5%) - (1.5%) (4.3%) (11.8%) 10.6% (10.8%) 17.7% - (15.2%)1 Year - - (11.1%) - - 3.9% - - 5.9% - 25.1% - -5 Year - - (31.3%) - - (11.6%) - - 11.5% - 1.8% - -LTM - - 41.1% - - 24.6% - - 45.8% - 52.4% - -CY+1 - - - - - - - - 48.1% - 62.6% - -CY+2 - - - - - - - - 49.3% - 63.5% - -Total Debt / Equity % 322.4% 931.1% 582.6% 164.7% 1.2% 565.6% 282.8% 171.2% 12.7% 122.7% 0.0% 168.1% 98.5% FALSE FALSETotal Debt / Capital % 76.3% 88.7% 84.2% 61.5% 1.2% 85.0% 73.9% 61.2% 11.3% 53.6% 0.0% 62.7% 49.1% FALSE FALSETotal Debt / EBITDA - - 17.218x - - 40.037x - - 0.425x - 0.000x - - FALSE FALSENet Debt / EBITDA - - 10.520x - - 21.069x - - -2.893x - -0.794x - - FALSE FALSEEBITDA / Int. Expense - - - - - - - - - - - - - FALSE FALSES&P LT Credit Rating AA A A A - A - - - - - - A- FALSE FALSES&P LT Credit Rating Date 05.12.2011 19.12.2008 29.11.2011 17.12.2012 - 30.03.2009 - - - - - - 24.02.2009 FALSE FALSEMoodys LT Credit Rating - (P)A2 A2 - - - Aa1 - - - - - - FALSE FALSEMoodys LT Credit Rating Date - 21.06.2012 21.06.2012 - - - 02.12.2003 - - - - - - FALSE FALSE52-Week High Date52-Week LowLatest Fiscal Year:52-Week HighTotal DebtMarket CapitalizationDaily Volume52-Week Low % ChangeCurrent Price (4/dd/yy)52-Week High % ChangeCash and EquivalentsEBITDAEV/EBITDAEnterprise ValueValuationPreferred Stock52-Week Low DateMinority InterestTotal Common Shares (M)P/ERevenue GrowthTotal RevenueEV/Total RevenueEPSEBITDA GrowthEBITDA MarginCredit RatingsLeverage/Coverage RatiosCompany Analysis - Peers ComparisionQ.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×