This material does not constitute investment advice and should not beviewed as a current or past recommendation or a solic...
Valuation Measures I/II                                                       Market Capitalization & Asset Liability data...
Valuation Measures I/II                                                       Market Capitalization & Asset Liability data...
Valuation Measures II/II                                         Price to Book Ratio                       Price to Sales ...
Valuation Measures II/II                                          Price to Book Ratio                       Price to Sales...
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)
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Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)

  1. 1. This material does not constitute investment advice and should not beviewed as a current or past recommendation or a solicitation of anoffer to buy or sell any securities or to adopt any investment strategy. Fundamental Analysis & Analyst Recommendations UKX Index - FTSE 100 Index April 2013 Q M S Advisors . . Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  2. 2. Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Market Total Minority Cash and Enterprise Est. Tot. Est. P/E Est. Est. Est. Est. S&P LT Moodys LT Capitalization (in mio Daily Common Total Debt Preferred Interest Equivalents Value Tot. Rev. - Rev. - Tr. Est. Tot. Est. Tot. Est. EBITDA - Est. EBITDA - Est. EBITDA - Est. EPS - Est. EPS - Est. EPS - P/E Ratio - Ratio - Tr. Est. P/E Est. P/E Revenue Revenue Est. EBITDA EBITDA Est. EBITDA Credit S&P LT Credit Credit Moodys LT Credit Currency USD) Volume (M) Shares (M) (USD) Stock (USD) (USD) (USD) (USD) LFY 12M Rev. - 2013 Rev. - 2014 EBITDA - LFY Tr. 12M 2013 2014 EPS - LFY Tr. 12M 2013 2014 LFY 12M Ratio - 2013 Ratio - 2014 Growth - 1Y Growth - 5Y Growth - 1Y Growth - 5Y Margin - Rating - Rating Date Rating Rating DateS&P 500 INDEX USD 14392574 1935.593 1116 1116 204 220 220 101.42 110.55 110.55 15.42 15.42 14.14 14.14 18.80Euro Stoxx 50 Pr EUR 2529002 5372.293 4595 4595 733 768 768 228.31 305.59 305.59 18.52 15.97 13.84 13.84 19.53NIKKEI 225 JPY 2558234 186.6975 188 188 19 20 20 5.28 5.51 5.51 0.27 0.27 0.26 0.26 0.12FTSE 100 INDEX GBP 2682024 11608.24 9587 9587 1446 1647 1647 530.70 818.94 818.94 27.31 - 17.70 17.70 22.54SWISS MARKET INDEX CHF 1032475 10951.8 4099 4099 841 833 833 406.58 549.07 549.07 20.92 18.53 15.49 15.49 21.83S&P/TSX COMPOSITE INDEX CAD 1677743 17146.39 7904 7904 1848 2081 2081 794.29 887.81 887.81 15.43 15.43 13.80 13.80 24.27S&P/ASX 200 INDEX AUD 1414577 6699.644 2865 2865 604 702 702 251.37 341.05 341.05 21.63 17.51 15.94 15.94 22.29HANG SENG INDEX HKD 1702834 3309.148 1659 1659 376 407 407 268.13 266.04 266.04 1.39 1.52 1.40 1.40 3.12MSCI EM USD 7697940 1533.773 1085 1085 201 216 216 87.02 95.19 95.19 11.82 13.40 10.81 10.81 20.03HSBC HOLDINGS PLC GBp 194198 7288 18476 430 4 12 387 #VALUE! 127870 121335 103439 109654 - - - - 0.74 1.17 1.47 1.65 20.50 - 16.26 14.54 -16.15 - - - - A+ 29.11.2011 Aa3 21.06.2012VODAFONE GROUP PLC GBp 135478 38651 49646 52 0 2 13 168.79 70106 67478 66991 68359 27509 21004 - - 0.29 -0.05 0.23 0.25 - - 18.10 16.89 1.75 8.15 36.51 11.89 47.01 A- 30.05.2006 A3 03.08.2011BP PLC GBp 132762 4462 19136 74 0 2 30 245.66 567256 560136 519122 532825 30874 33312 14010 14010 0.33 0.92 1.29 1.44 17.18 30.88 12.30 10.98 0.03 7.69 -83.62 -17.29 8.98 A 24.09.2010 - -ROYAL DUTCH SHELL PLC-A SHS GBp 208003 749 6331 57 0 2 28 345.33 705563 705563 691755 703368 78710 78710 15643 15643 6.21 6.42 6.34 6.43 11.46 11.88 11.60 11.43 -0.97 5.17 -10.34 -1.03 16.85 AA 03.09.2009 Aa1 20.07.2005GLAXOSMITHKLINE PLC GBp 112708 2447 4904 28 0 1 6 135.32 39920 39920 40677 42251 12803 12803 3385 3385 1.59 1.40 1.74 1.92 24.74 19.21 19.96 18.06 -5.27 4.88 -20.99 -0.84 48.44 A+ 18.02.2008 - -BRITISH AMERICAN TOBACCO PLC GBp 101779 585 2026 16 0 0 3 115.25 22942 22942 24307 25379 9278 9278 10049 10049 3.09 2.99 3.48 3.81 26.66 25.79 22.90 20.93 -2.05 12.58 -4.14 19.71 61.08 A- 09.11.2012 - -ROYAL DUTCH SHELL PLC-B SHS GBp 208003 1592 6331 57 0 2 28 345.32 705563 705563 691755 703368 78710 78710 15643 15643 6.21 6.42 6.34 6.43 11.81 12.25 11.96 11.79 -0.97 5.17 -10.34 -1.03 16.85 AA 03.09.2009 Aa1 20.07.2005DIAGEO PLC GBp 76295 834 2531 13 0 2 2 89.67 16254 16680 17328 18529 5779 6082 2654 2654 1.24 1.53 1.56 1.73 29.95 34.95 29.52 26.48 12.56 10.95 27.76 14.74 55.07 A- 01.09.2005 A3 17.10.2005BHP BILLITON PLC GBp 173009 2237 5298 43 0 2 8 308.82 109086 101118 102833 113273 51149 42726 24709 24709 5.50 2.76 3.86 4.59 24.21 16.99 17.27 14.56 1.03 10.20 -16.76 12.56 63.82 A+ 15.11.2010 (P)A1 15.11.2010ASTRAZENECA PLC GBp 61060 801 1247 16 0 0 13 95.24 42249 42249 39798 38670 16097 17552 3583 3583 9.15 7.54 8.23 7.93 14.80 12.25 13.56 14.08 -25.26 -2.91 -29.78 -0.72 62.75 AA- 27.07.2007 A1 30.07.2007RIO TINTO PLC GBp 92601 1787 1847 41 0 17 12 185.71 76978 76978 88228 93800 24018 24018 15420 15420 7.06 -2.44 9.02 10.26 - 15.18 11.88 10.44 -23.88 16.85 -60.94 13.11 47.12 A- 18.04.2011 - -BG GROUP PLC GBp 57531 1915 3402 23 0 0 7 103.70 28595 32722 30416 34615 15403 15951 4161 4161 1.95 1.55 1.99 2.36 24.94 19.08 19.40 16.36 -15.34 10.37 2.59 9.25 73.62 - - - -BARCLAYS PLC GBp 55902 28111 12243 661 0 14 194 #VALUE! 59 K 52 K 44 K 46 K - - - - 0.69 -0.13 0.56 0.67 - 9.58 11.81 9.86 1.61 -9.26 - - - A 29.11.2011 (P)A3 21.06.2012STANDARD CHARTERED PLC GBp 61775 832 2413 171 2 1 184 #VALUE! 40640 40640 31312 34405 - - - - 3.20 3.08 3.59 3.96 18.96 18.25 16.25 14.75 15.91 6.22 - - - A+ 01.12.2011 A2 26.11.2010UNILEVER PLC GBp 121538 783 2832 15 0 1 4 155.71 77517 77517 80817 85413 12655 12655 - - 2.35 2.39 2.56 2.78 30.81 31.38 28.83 26.54 15.79 8.07 8.73 6.57 24.66 A+ 05.10.2000 A1 11.07.2000SABMILLER PLC GBp 82313 375 1664 29 0 1 1 152.82 25242 25857 37002 39254 7784 8197 - - 2.91 4.22 3.62 4.08 27.87 35.02 32.43 28.80 15.64 0.93 15.23 7.70 47.88 BBB+ 04.08.2003 Baa1 27.10.2005RECKITT BENCKISER GROUP PLC GBp 51591 453 734 5 0 0 1 55.19 14449 14449 15269 16004 4105 4105 - - 3.99 3.81 4.01 4.24 28.51 27.06 27.13 25.66 1.31 19.53 4.23 24.47 42.91 A+ 16.12.2003 - -TESCO PLC GBp 45656 5085 8032 18 0 0 5 57.91 97476 98230 99944 104232 7713 7470 - - 0.57 0.53 0.48 0.50 16.23 16.27 17.99 17.02 10.20 11.24 6.22 12.48 11.49 A- 29.07.2008 Baa1 20.04.2012PRUDENTIAL PLC GBp 40748 2223 2557 10 0 0 8 43.41 83788 83788 87446 89651 - - - - 1.19 1.31 1.21 1.34 18.43 20.27 19.94 18.00 78.48 - - - - A+ 17.08.2010 A2 20.12.2002NATIONAL GRID PLC GBp 41264 1500 3701 35 0 0 4 72.88 20891 20548 21787 22598 7215 7538 - - 0.77 0.96 0.81 0.83 17.70 20.70 21.09 20.51 -5.38 12.97 -2.12 11.35 55.41 A- 24.08.2007 Baa1 12.01.2007ANGLO AMERICAN PLC GBp 36289 1014 1391 25 0 9 14 75.65 43439 43439 51703 54057 11602 11602 8034 8034 3.91 -1.70 3.50 4.25 - 15.55 16.98 13.97 -8.98 20.36 -49.07 -8.82 40.34 BBB+ 18.04.2011 Baa1 23.02.2009IMPERIAL TOBACCO GROUP PLC GBp 33007 712 990 14 0 0 1 46.61 22160 22160 12241 12664 6810 6810 2282 2282 2.49 1.03 3.21 3.46 49.56 20.50 15.88 14.75 -5.11 90.21 57.87 35.89 46.42 BBB 20.05.2008 - -BT GROUP PLC GBp 32241 5566 8151 16 0 0 1 45.12 29160 27348 27396 26802 9349 8882 2469 2469 0.36 0.41 0.38 0.38 14.99 16.91 16.30 16.11 -5.79 -4.81 7.80 2.85 49.05 BBB 19.07.2011 - -ROLLS-ROYCE HOLDINGS PLC GBp 31010 584 1872 2 0 0 4 29.20 18367 18367 22921 24220 2548 2548 1800 1800 1.41 1.86 0.99 1.08 13.38 17.65 25.18 23.00 14.08 17.11 21.12 30.05 20.95 A 13.04.2012 - -LLOYDS BANKING GROUP PLC GBp 51799 110663 70424 287 0 1 168 #VALUE! 54989 54989 27562 27462 - - - - 0.03 -0.03 0.06 0.08 - 41.90 18.83 13.11 2.65 - - - - A- 29.11.2011 A3 21.06.2012CENTRICA PLC GBp 28464 3433 5199 8 0 0 1 35.09 36161 36161 36902 38476 5585 5585 5958 5958 0.39 0.37 0.42 0.47 22.32 21.06 19.75 17.77 7.40 15.93 17.70 12.24 23.33 A- 29.05.2009 A3 21.06.2006XSTRATA PLC GBp 49047 1379 3003 26 0 4 3 100.39 47754 47754 51372 54842 12267 12267 6878 6878 1.90 0.60 1.88 2.36 61.68 19.62 19.80 15.76 -10.07 5.24 -45.72 -8.64 38.80 BBB+ *- 29.11.2012 - -COMPASS GROUP PLC GBp 22725 917 1855 3 0 0 1 24.34 25532 25532 26573 28154 2235 2235 - - 0.67 0.48 0.70 0.78 38.75 28.18 26.75 24.20 10.23 18.63 16.91 24.50 13.22 A 18.02.2013 Baa1 26.11.2009SSE PLC GBp 21526 397 945 9 0 0 0 29.45 47914 47330 47887 49926 2940 3132 - - 1.94 0.37 1.72 1.76 90.75 20.28 19.63 19.14 18.07 27.22 7.36 8.57 10.00 A- 21.08.2009 A3 22.09.2009WPP PLC GBp 19719 399 1266 7 0 0 3 24.36 15667 15667 16648 17506 2485 2485 - - 0.97 1.00 1.22 1.34 23.58 24.34 19.31 17.59 5.29 16.47 6.54 16.21 23.95 BBB 10.11.2008 Baa2 26.03.2012GLENCORE INTERNATIONAL PLC GBp 38446 5535 7099 54 0 5 4 112.04 323873 323873 329179 346254 6949 6949 - - 0.27 0.22 0.90 1.12 56.71 45.65 13.77 11.07 22.95 25.78 6.08 -5.44 3.24 BBB 29.11.2012 - -ARM HOLDINGS PLC GBp 19310 1071 1381 0 0 0 1 18.74 871 871 1015 1195 342 342 112 112 0.17 0.18 0.28 0.36 118.32 120.55 73.51 57.85 26.13 30.49 63.77 41.85 59.30 - - - -BAE SYSTEMS PLC GBp 18721 1075 3251 5 0 0 5 18.25 25102 25102 29168 29011 3321 3321 1814 1814 0.49 0.50 0.64 0.63 17.59 18.01 13.70 13.94 -9.77 4.43 -5.49 6.17 19.98 BBB+ 16.10.2007 Baa2 14.04.2005EXPERIAN PLC GBp 17087 182 1029 3 0 0 0 29.22 6777 6777 7178 7782 2232 2293 - - 1.48 0.51 1.26 1.47 75.59 38.08 30.56 26.18 23.40 10.68 26.41 14.38 51.10 - - - -TULLOW OIL PLC GBp 17221 835 908 2 0 0 0 27.42 3540 3540 4120 4003 1578 1578 1403 1403 0.15 1.04 1.09 1.04 41.62 289.17 39.57 41.76 2.62 32.77 -56.21 8.63 67.31 - - - -SHIRE PLC GBp 16630 209 552 2 0 0 2 24.54 7021 7021 7646 8217 1834 1880 705 705 1.81 2.03 3.40 3.85 33.59 33.84 20.02 17.70 14.79 16.19 -24.36 27.99 40.44 - - - -CRH PLC GBp 15726 483 726 7 0 0 3 23.36 28182 28182 28807 30397 2477 2477 893 893 0.76 1.15 1.28 1.65 33.46 50.91 30.26 23.45 4.83 -3.02 -1.46 -15.88 13.27 BBB+ 17.12.2007 - -LEGAL & GENERAL GROUP PLC GBp 15191 4052 5913 5 0 0 25 #VALUE! 52826 52826 44957 50017 - - - - 0.21 0.21 0.22 0.24 18.49 18.81 17.48 16.36 137.36 - - - - A 09.02.2010 A3 18.05.2010OLD MUTUAL PLC GBp 14848 1738 4892 5 0 3 6 16.59 27044 27044 #VALUE! #VALUE! - - - - 0.19 0.18 0.30 0.33 24.90 24.57 15.10 13.79 200.69 187.63 - - - - - Baa2 08.10.2012PEARSON PLC GBp 14273 554 807 3 0 0 2 16.13 7641 7641 9388 9313 1444 1444 - - 0.72 0.53 1.23 1.38 49.60 36.63 21.48 19.17 7.59 2.47 2.24 2.49 28.54 BBB+ 25.11.1998 Baa1 01.02.2002REED ELSEVIER PLC GBp 13972 1182 1187 6 0 2 1 20.56 9237 9237 9244 9613 2853 2853 1308 1308 0.68 0.69 0.80 0.86 25.48 26.03 22.14 20.51 2.87 10.41 13.22 13.29 46.65 BBB+ 12.12.2008 - -AVIVA PLC GBp 13167 6006 2946 12 2 2 35 #VALUE! 65754 65754 64966 64009 - - - - -0.19 -0.24 0.66 0.72 - - 10.20 9.39 33.87 44.19 - - - A- 15.08.2012 A1 *- 12.03.2013WOLSELEY PLC GBp 13123 246 286 1 0 0 1 14.55 20270 19417 20074 21466 719 745 - - 0.42 0.05 2.73 3.27 1544.94 138.98 26.49 22.13 -1.53 -6.73 -67.73 -21.88 5.79 - - - -BRITISH SKY BROADCASTING GRO GBp 21233 436 1674 4 0 0 2 23.40 10257 10512 10803 11326 2397 2460 646 646 0.79 0.86 0.86 0.91 23.04 23.04 23.04 21.89 5.20 11.56 19.44 14.45 35.35 BBB+ 30.11.2009 Baa1 09.04.2009STANDARD LIFE PLC GBp 12846 1144 2358 3 0 1 15 1.33 28976 28976 30795 33325 - - - - 0.50 0.45 0.36 0.39 18.35 16.41 22.70 20.95 167.87 - - - - A- 25.02.2009 - -SMITH & NEPHEW PLC GBp 10260 302 904 1 0 0 0 15.93 6248 6248 6656 6944 1888 1867 474 474 1.05 1.23 1.18 1.29 21.00 25.27 21.92 20.09 -4.70 3.46 5.25 8.76 45.12 - - - -NEXT PLC GBp 10503 102 161 1 0 0 0 11.43 5358 5358 5573 5773 1181 1181 1211 1211 4.78 4.83 4.74 5.20 20.41 20.62 20.82 18.96 4.68 2.07 12.40 5.93 33.28 BBB 13.05.2003 Baa2 06.06.2003KINGFISHER PLC GBp 10108 1689 2372 1 0 0 1 10.17 15969 15969 16653 17312 1494 1494 - - 0.37 0.36 0.36 0.40 17.67 17.17 17.75 15.90 -3.60 4.38 -6.15 15.77 14.13 BBB- 30.04.2008 Baa2 29.03.2012ASSOCIATED BRITISH FOODS PLC GBp 22264 183 792 2 0 1 1 24.45 18505 18505 19777 20986 2368 2368 - - 1.22 1.06 1.45 1.61 39.98 34.69 29.32 26.46 16.20 19.36 31.70 20.41 19.33 - - - -LAND SECURITIES GROUP PLC GBp 9567 760 783 5 0 0 0 14.37 1014 961 833 896 659 624 - - 1.02 0.52 0.54 0.58 35.65 35.65 34.48 31.96 -6.54 -21.71 -0.38 -10.59 98.16 - - - - Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  3. 3. Valuation Measures I/II Market Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth Market Total Minority Cash and Enterprise Est. Tot. Est. P/E Est. Est. Est. Est. S&P LT Moodys LT Capitalization (in mio Daily Common Total Debt Preferred Interest Equivalents Value Tot. Rev. - Rev. - Tr. Est. Tot. Est. Tot. Est. EBITDA - Est. EBITDA - Est. EBITDA - Est. EPS - Est. EPS - Est. EPS - P/E Ratio - Ratio - Tr. Est. P/E Est. P/E Revenue Revenue Est. EBITDA EBITDA Est. EBITDA Credit S&P LT Credit Credit Moodys LT Credit Currency USD) Volume (M) Shares (M) (USD) Stock (USD) (USD) (USD) (USD) LFY 12M Rev. - 2013 Rev. - 2014 EBITDA - LFY Tr. 12M 2013 2014 EPS - LFY Tr. 12M 2013 2014 LFY 12M Ratio - 2013 Ratio - 2014 Growth - 1Y Growth - 5Y Growth - 1Y Growth - 5Y Margin - Rating - Rating Date Rating Rating DateS&P 500 INDEX USD 14392574 1935.593 1116 1116 204 220 220 101.42 110.55 110.55 15.42 15.42 14.14 14.14 18.80Euro Stoxx 50 Pr EUR 2529002 5372.293 4595 4595 733 768 768 228.31 305.59 305.59 18.52 15.97 13.84 13.84 19.53NIKKEI 225 JPY 2558234 186.6975 188 188 19 20 20 5.28 5.51 5.51 0.27 0.27 0.26 0.26 0.12FTSE 100 INDEX GBP 2682024 11608.24 9587 9587 1446 1647 1647 530.70 818.94 818.94 27.31 - 17.70 17.70 22.54SWISS MARKET INDEX CHF 1032475 10951.8 4099 4099 841 833 833 406.58 549.07 549.07 20.92 18.53 15.49 15.49 21.83S&P/TSX COMPOSITE INDEX CAD 1677743 17146.39 7904 7904 1848 2081 2081 794.29 887.81 887.81 15.43 15.43 13.80 13.80 24.27S&P/ASX 200 INDEX AUD 1414577 6699.644 2865 2865 604 702 702 251.37 341.05 341.05 21.63 17.51 15.94 15.94 22.29HANG SENG INDEX HKD 1702834 3309.148 1659 1659 376 407 407 268.13 266.04 266.04 1.39 1.52 1.40 1.40 3.12MSCI EM USD 7697940 1533.773 1085 1085 201 216 216 87.02 95.19 95.19 11.82 13.40 10.81 10.81 20.03MARKS & SPENCER GROUP PLC GBp 9499 880 1606 3 0 0 1 12.63 15004 15034 15161 15735 1756 1722 1160 1160 0.43 0.46 0.49 0.52 19.18 21.37 18.17 17.02 3.01 3.56 -14.83 -3.94 17.30 BBB- 07.01.2009 - -WM MORRISON SUPERMARKETS GBp 9622 1391 2532 4 0 0 0 12.92 27361 27361 27339 28159 1991 1991 - - 0.40 0.40 0.39 0.41 15.54 15.57 15.87 15.34 3.87 8.63 0.46 13.01 10.99 - - (P)A3 30.09.2011BURBERRY GROUP PLC GBp 8914 356 439 0 0 0 1 8.59 2805 2885 2986 3439 707 535 - - 0.95 0.80 1.01 1.15 37.90 45.39 30.16 26.41 35.80 22.35 43.30 25.61 27.99 - - - -ROYAL BANK OF SCOTLAND GROUP GBp 47811 12197 11171 478 0 4 164 #VALUE! 42687 40695 34431 31795 - - - - 0.12 -0.77 0.34 0.49 - 19.11 18.93 13.12 -26.39 - - - - A- 29.11.2011 Baa1 21.06.2012CAPITA PLC GBp 8794 196 655 3 0 0 0 10.81 5062 5062 5723 6181 966 966 905 905 0.79 0.56 0.85 0.93 36.19 25.52 23.84 21.86 21.73 15.14 19.18 22.56 28.83 - - - -INTERTEK GROUP PLC GBp 8149 84 161 1 0 0 0 9.02 3103 3103 3443 3738 573 573 690 690 1.77 1.63 2.29 2.59 46.82 43.25 33.36 29.49 26.32 32.07 28.26 30.39 27.89 NR 23.10.2006 - -INTERCONTINENTAL HOTELS GROU GBp 7925 183 268 2 0 0 0 13.58 2771 2771 2926 3073 1069 1069 227 227 2.15 2.86 2.39 2.60 23.53 31.17 28.15 25.93 5.72 5.46 11.48 5.61 58.27 BBB 22.06.2011 WR 01.03.2005SAINSBURY (J) PLC GBp 10698 1702 1883 4 0 0 1 14.06 33672 34377 35088 36402 1935 1912 985 985 0.40 0.50 0.45 0.47 17.25 20.05 19.07 18.10 8.53 8.50 7.55 9.95 8.40 NR 13.05.2010 WR 01.06.2006RANDGOLD RESOURCES LTD GBp 7749 64 92 0 0 0 1 11.39 1990 1990 2426 3184 1056 1056 - - 7.10 7.09 8.30 12.12 27.05 27.05 23.12 15.83 25.56 68.71 34.30 80.56 80.13 - - - -BRITISH LAND CO PLC GBp 8053 973 888 4 0 0 1 11.83 526 530 763 789 - - - - 0.82 0.44 0.45 0.47 27.86 27.59 27.21 26.42 16.89 -19.18 - - - - - - -SMITHS GROUP PLC GBp 7302 261 393 2 0 0 0 8.60 4576 4679 4744 4938 911 926 539 539 1.24 1.20 1.43 1.52 23.27 22.58 19.62 18.49 10.00 9.80 1.19 9.49 29.91 BBB+ 15.01.2007 Baa2 06.05.2010UNITED UTILITIES GROUP PLC GBp 7183 662 682 9 0 0 0 15.98 2364 2409 2483 2567 1359 1367 - - 0.71 0.72 0.59 0.63 22.13 21.50 27.08 25.38 5.15 -7.70 0.07 1.38 85.70 - - - -WEIR GROUP PLC/THE GBp 7145 276 213 2 0 0 1 8.19 4K 4K 4K 4K 799 799 418 418 2.15 2.22 2.32 2.54 22.81 23.54 21.89 19.99 16.23 26.89 26.60 46.99 31.47 - - - -ITV PLC GBp 7569 4350 3912 1 0 0 1 7.51 3317 3317 3485 3612 826 826 - - 0.10 0.10 0.15 0.16 28.17 28.90 19.54 18.25 3.95 -0.02 18.26 17.31 37.62 BB+ 30.03.2012 Ba1 21.03.2012JOHNSON MATTHEY PLC GBp 6914 134 215 1 0 0 0 7.99 18159 16637 15546 12351 876 853 - - 2.25 2.25 2.20 2.33 22.68 22.76 23.17 21.85 30.83 13.87 17.32 17.58 7.74 - - - -AGGREKO PLC GBp 7225 384 266 1 0 0 0 8.12 2391 2391 2470 2626 939 939 - - 1.52 1.57 1.43 1.56 25.83 26.70 28.32 26.12 20.24 28.20 27.15 33.66 59.30 - - - -WHITBREAD PLC GBp 6724 95 178 1 0 0 0 7.53 2685 2877 3055 3395 706 739 347 347 2.00 2.40 2.24 2.52 23.60 27.54 25.24 22.44 16.84 16.66 14.22 13.25 38.78 - - - -GKN PLC GBp 6518 1001 1632 2 0 1 0 8.37 9832 9832 11241 11789 1116 1116 - - 0.41 0.46 0.40 0.46 13.22 14.79 15.01 13.13 20.08 16.71 29.28 18.15 17.15 NR 19.04.2002 - -BUNZL PLC GBp 6397 122 355 1 0 0 0 7.53 8094 8094 9001 9292 567 567 625 625 0.92 0.90 1.16 1.22 32.15 31.56 25.17 23.74 7.38 12.53 5.81 11.55 10.57 - - - -RSA INSURANCE GROUP PLC GBp 6282 2924 3590 2 0 0 2 7.09 13354 13354 13456 14071 - - - - 0.14 0.14 0.19 0.20 18.42 18.57 13.97 13.43 1.85 9.73 - - - NR 13.08.1997 WR 10.03.1997IMI PLC GBp 6288 135 322 0 0 0 0 6.55 3311 3311 3464 3607 632 632 322 322 1.13 1.10 1.32 1.44 27.02 26.27 22.48 20.57 4.03 10.08 -0.65 17.32 28.85 - - - -REXAM PLC GBp 6239 472 878 3 0 0 2 7.61 6513 6513 6891 7130 1013 1013 530 530 0.50 0.46 0.62 0.67 26.04 23.90 19.20 17.69 2.86 4.75 -0.45 9.80 23.50 BBB- 19.02.2009 Baa3 26.09.2001INTL CONSOLIDATED AIRLINE-DI GBp 7028 2474 1855 7 0 0 4 11.62 27363 27363 27955 29110 2101 2101 2527 2527 -0.39 -0.74 0.18 0.44 - - 37.03 15.45 18.89 - -11.44 - 11.60 - - - -CARNIVAL PLC GBp 27520 260 776 14 0 0 1 55.02 23232 23250 23962 25258 5048 5149 799 799 2.85 2.86 3.09 4.02 27.05 26.58 25.02 19.28 -3.93 4.38 -16.65 -4.03 33.45 NR 16.04.2003 A3 03.02.2004G4S PLC GBp 6145 984 1411 4 0 0 1 9.15 11329 11329 12377 13144 998 998 1085 1085 0.24 0.12 0.37 0.41 55.14 27.42 17.78 16.19 -0.42 14.81 4.71 16.52 13.31 BBB- 05.11.2012 - -SAGE GROUP PLC/THE GBp 6039 824 1330 0 0 0 0 6.26 2024 2024 2094 2141 591 591 293 293 0.28 0.28 0.33 0.36 27.48 27.21 23.27 21.42 0.69 6.09 -1.38 7.53 44.09 - - - -SEVERN TRENT PLC GBp 5969 95 238 7 0 0 0 12.27 2674 2722 2765 2834 1188 1174 - - 1.33 1.41 1.39 1.45 26.76 24.39 27.16 26.08 5.23 5.25 -1.11 4.09 65.16 BBB- 28.01.2010 Baa1 08.09.2009ABERDEEN ASSET MGMT PLC GBp 7725 2150 1186 0 0 0 1 7.55 1313 1313 1529 1730 545 545 308 308 0.26 0.29 0.41 0.48 34.11 37.48 23.70 20.14 16.41 31.35 23.05 39.42 62.73 - - - -BABCOCK INTL GROUP PLC GBp 5839 91 359 1 0 0 0 6.78 4637 4590 4877 5197 510 512 583 583 0.62 0.72 1.04 1.06 34.20 36.30 23.56 23.02 20.52 29.05 22.64 52.36 16.85 - - - -TATE & LYLE PLC GBp 5768 301 466 1 0 0 1 6.43 4664 4801 4937 5255 665 574 - - 0.78 0.86 0.84 0.91 21.63 21.80 22.29 20.51 20.43 7.67 7.95 3.22 18.05 BBB 15.07.2011 Baa2 15.02.2013MEGGITT PLC GBp 5716 407 785 1 0 0 0 6.69 2425 2425 2569 2714 742 742 - - 0.48 0.47 0.56 0.62 23.41 22.78 19.47 17.85 15.62 16.33 23.46 26.82 46.24 - - - -RESOLUTION LTD GBp 5807 1773 1418 2 0 0 14 #VALUE! 16810 16810 2367 2655 - - - - -0.08 -0.08 0.38 0.42 - - 16.31 14.57 245.62 - - - - - - - -PETROFAC LTD GBp 7439 155 340 1 0 0 1 10.71 9551 9551 10191 11071 1297 1297 757 757 2.64 2.81 3.04 3.44 17.48 18.57 16.16 14.25 13.62 27.47 18.79 35.53 20.52 - - - -CRODA INTERNATIONAL PLC GBp 5728 53 140 0 0 0 0 6.04 1589 1589 1705 1815 433 433 109 109 1.96 1.96 2.08 2.27 31.48 31.48 29.70 27.20 3.51 5.85 9.71 31.34 41.14 - - - -ANTOFAGASTA PLC GBp 15322 443 986 3 0 3 6 22.06 10180 10180 9985 9795 5821 5821 1395 1395 2.19 1.58 1.96 1.85 22.42 16.16 18.08 19.16 16.51 36.13 14.38 10.15 86.37 - - - -HAMMERSON PLC GBp 5167 807 713 3 0 0 0 8.34 541 541 473 505 328 328 - - 0.19 0.19 0.33 0.36 57.52 57.52 33.40 30.45 -19.06 0.46 -20.11 -6.35 91.72 - - Baa2 12.01.2004MELROSE INDUSTRIES PLC GBp 5035 1068 1267 2 0 0 0 6.55 2343 2343 3541 3721 353 353 - - 0.18 0.05 0.27 0.30 114.44 51.73 22.59 19.88 52.03 177.35 44.84 71.71 22.75 - - - -AMEC PLC GBp 4757 223 308 0 0 0 0 4.61 6280 6280 6410 6827 548 548 - - 1.23 1.01 1.32 1.48 23.90 19.61 18.28 16.39 41.54 18.93 44.07 34.29 13.19 - - - -WOOD GROUP (JOHN) PLC GBp 4887 340 373 0 0 0 0 7.63 10303 10303 11024 11607 772 772 - - 1.04 0.99 1.50 1.69 30.27 28.85 19.88 17.63 30.77 16.23 43.98 8.56 11.32 - - - -SERCO GROUP PLC GBp 4684 239 498 1 0 0 0 5.56 7420 7420 7812 8251 580 580 597 597 0.61 0.75 0.66 0.73 18.81 23.20 21.55 19.49 8.67 18.29 10.16 23.39 11.81 - - - -EASYJET PLC GBp 6273 351 396 1 0 0 1 6.39 5821 5730 6252 6661 660 660 - - 0.94 0.72 1.18 1.28 33.12 33.40 20.29 18.67 17.59 25.87 32.82 24.63 17.40 - - - -ADMIRAL GROUP PLC GBp 5461 90 274 0 0 0 0 5.14 1487 1487 2352 2523 - - - - 1.43 1.44 1.46 1.54 20.96 21.01 20.62 19.51 19.78 33.05 - - - - - - -SCHRODERS PLC GBp 8547 175 267 0 0 0 7 1.70 2153 2153 1930 2146 499 499 - - 1.43 1.58 1.82 2.10 30.01 33.27 26.12 22.66 -7.69 5.23 -27.90 -2.43 34.98 A 05.12.2002 - -LONDON STOCK EXCHANGE GROUP GBp 5385 146 271 1 0 0 0 6.21 1218 1272 1271 1317 723 733 - - 1.52 2.92 1.42 1.36 10.26 20.16 21.08 22.12 31.58 27.57 35.54 27.12 87.01 A- *- 13.03.2012 Baa2 01.07.2011FRESNILLO PLC GBp 14872 110 717 0 0 1 1 22.09 3258 3258 3642 4142 1964 1964 - - 1.55 1.55 1.63 1.92 30.51 30.51 28.95 24.68 -2.43 - -23.12 55.13 91.06 - - - -HARGREAVES LANSDOWN PLC GBp 6139 123 474 0 0 0 0 5.91 361 402 436 497 231 263 142 142 0.36 0.42 0.47 0.54 46.32 46.55 42.02 36.16 22.40 29.60 31.29 44.91 98.78 - - - -POLYMETAL INTERNATIONAL PLC GBp 4996 419 383 2 0 0 1 9.08 2003 2003 2789 3257 839 839 - - 1.11 1.19 2.01 2.55 24.92 26.68 14.80 11.66 65.46 - 55.51 - 63.26 - - - -TUI TRAVEL PLC GBp 5393 3902 1118 1 0 0 1 5.59 21840 21840 22446 22997 1071 1071 - - 0.35 0.19 0.42 0.46 38.73 20.60 17.42 15.92 -2.33 - 5.29 -6.99 7.41 - - - -VEDANTA RESOURCES PLC GBp 4129 276 297 26 0 21 10 42.62 21153 22511 22230 25899 6744 8029 1784 1784 1.58 1.13 2.19 3.63 31.41 18.69 16.13 9.77 34.08 26.50 42.16 16.07 53.87 - - Ba3 *- 21.03.2013EVRAZ PLC GBp 4875 1425 1338 11 0 0 1 16.83 24770 23620 21718 22577 4220 3462 1367 1367 0.91 -2.31 0.12 0.19 - - 64.94 40.00 33.90 - 40.52 - 22.14 - - - - Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  4. 4. Valuation Measures II/II Price to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Price to Earnings Ratio Estimated Dividend Yield Target 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to SpotS&P 500 INDEX 2.17 2.17 1.99 1.81 2.17 1.40 1.40 1.34 1.28 1.40 10.02 10.02 9.72 9.51 10.02 8.80 8.80 8.13 7.62 8.80 14.14 14.14 12.67 11.44 14.14 2.20 2.20 2.36 2.56 2.20 1682.0 7.6%Euro Stoxx 50 Pr 1.12 1.12 1.06 1.00 1.12 0.72 0.72 0.70 0.68 0.72 5.22 5.22 4.87 4.64 5.22 7.00 7.00 6.62 6.30 7.00 10.84 10.84 9.70 8.88 10.84 4.44 4.44 4.77 5.08 4.44 2896.5 11.7%NIKKEI 225 1.51 1.51 1.41 1.32 1.51 0.71 0.71 0.66 0.65 0.71 9.49 9.49 8.15 7.62 9.49 9.50 9.50 8.28 7.76 9.50 24.08 24.08 18.86 14.60 24.08 1.65 1.65 1.65 1.93 1.65 11916.4 -4.6%FTSE 100 INDEX 1.67 1.67 1.55 1.34 1.67 1.00 1.00 0.97 0.98 1.00 7.84 7.84 7.22 5.21 7.84 7.05 7.05 6.60 6.33 7.05 11.72 11.72 10.63 9.74 11.72 3.92 3.92 4.22 4.66 3.92 6826.8 7.5%SWISS MARKET INDEX 2.37 2.37 2.20 2.03 2.37 1.98 1.98 1.88 1.80 1.98 12.18 12.18 11.13 9.77 12.18 13.15 13.15 12.16 11.37 13.15 14.77 14.77 13.22 12.00 14.77 3.34 3.34 3.70 4.21 3.34 8029.4 3.9%S&P/TSX COMPOSITE INDEX 1.69 1.69 1.56 1.46 1.69 1.58 1.58 1.48 1.43 1.58 8.44 8.44 7.58 7.00 8.44 8.24 8.24 7.29 6.91 8.24 14.05 14.05 12.39 11.38 14.05 3.12 3.12 3.28 3.48 3.12 14554.2 14.5%S&P/ASX 200 INDEX 1.90 1.90 1.79 1.69 1.90 1.82 1.82 1.71 1.62 1.82 11.19 11.19 9.99 9.12 11.19 9.54 9.54 8.40 7.80 9.54 15.28 15.28 13.60 12.48 15.28 4.35 4.35 4.66 5.03 4.35 5152.0 3.1%HANG SENG INDEX 1.34 1.34 1.24 1.15 1.34 1.74 1.74 1.61 1.50 1.74 7.17 7.17 6.65 6.25 7.17 8.13 8.13 7.39 6.84 8.13 10.88 10.88 9.98 9.08 10.88 3.54 3.54 3.83 4.34 3.54 24942.6 11.0%MSCI EM 1.44 1.44 1.31 1.21 1.44 0.95 0.95 0.88 0.84 0.95 6.89 6.89 6.34 5.94 6.89 7.09 7.09 6.50 6.11 7.09 10.81 10.81 9.72 9.01 10.81 3.07 3.07 3.57 6.08 3.07 1184.9 15.2%HSBC HOLDINGS PLC 1.14 1.08 1.03 0.96 0.88 2.84 2.84 2.67 2.55 11.48 10.35 8.94 8.34 11.88 10.76 9.63 8.55 7.30 4.10 4.68 5.18 6.00 5.43 776.75 11.7%VODAFONE GROUP PLC 1.08 1.19 1.15 1.13 1.12 1.94 2.02 1.98 1.96 1.95 7.16 6.87 6.62 6.30 7.64 7.68 8.46 8.40 8.27 8.18 11.75 11.98 11.18 10.54 9.96 7.36 5.67 5.78 5.89 6.11 191.96 4.7%BP PLC 1.12 1.07 1.01 0.94 0.85 0.37 0.39 0.38 0.38 0.46 5.16 4.62 4.20 4.03 3.89 4.34 4.22 3.92 3.99 3.84 7.61 8.14 7.27 6.82 6.45 4.89 5.14 5.50 5.92 6.39 481.53 5.0%ROYAL DUTCH SHELL PLC-A SHS 1.09 1.01 0.94 0.93 0.83 0.44 0.45 0.45 0.45 0.40 4.56 4.50 4.42 4.26 4.15 3.85 3.74 3.66 3.53 3.31 7.70 7.68 7.57 7.32 7.05 5.34 5.57 5.72 5.94 6.24 2516.79 17.9%GLAXOSMITHKLINE PLC 10.51 12.28 10.92 8.91 6.89 2.81 2.77 2.67 2.55 2.45 12.72 10.87 9.97 9.09 8.10 9.16 9.34 8.87 8.52 8.04 13.71 13.22 11.96 10.98 10.19 4.88 5.13 5.42 5.84 6.14 1502.74 -1.1%BRITISH AMERICAN TOBACCO PLC 8.24 8.85 8.33 8.34 8.05 4.39 4.19 4.01 3.85 3.63 14.96 13.80 12.93 11.65 10.04 12.51 11.47 10.75 10.06 9.54 16.97 15.16 13.86 12.66 11.39 3.84 4.32 4.72 5.16 5.71 3705.01 5.9%ROYAL DUTCH SHELL PLC-B SHS 1.12 1.04 0.97 0.96 0.85 0.44 0.45 0.45 0.45 0.40 4.70 4.64 4.55 4.40 4.27 3.85 3.74 3.66 3.53 3.31 7.94 7.92 7.81 7.54 7.27 5.18 5.41 5.58 5.73 5.89 2463.93 12.0%DIAGEO PLC 8.45 6.85 5.61 4.58 3.57 4.70 4.40 4.12 3.85 3.67 21.74 18.38 16.01 14.45 12.83 16.83 15.12 13.96 13.02 12.63 21.86 19.54 17.53 15.85 14.68 2.20 2.35 2.57 2.79 3.09 2064.79 2.6%BHP BILLITON PLC 2.28 2.11 1.85 1.64 1.47 2.41 2.54 2.31 2.21 2.12 6.52 7.73 6.52 6.16 5.77 6.11 7.02 5.95 5.60 5.34 9.19 11.43 9.64 8.86 8.63 3.89 4.10 4.40 4.63 4.76 2279.16 17.6%ASTRAZENECA PLC 2.61 2.47 2.34 2.21 1.99 2.18 2.32 2.38 2.43 2.50 7.91 7.70 8.29 7.97 8.03 5.78 6.40 6.59 6.67 6.97 7.89 8.98 9.32 9.38 9.68 5.99 5.75 5.79 5.80 5.61 3046.57 -5.9%RIO TINTO PLC 1.66 1.48 1.29 1.15 0.96 1.82 1.59 1.49 1.45 1.40 7.57 5.29 4.99 4.46 4.46 6.79 5.59 5.09 4.88 4.63 9.46 7.86 6.91 6.90 6.63 3.33 3.79 4.19 4.50 4.26 4043.26 30.0%BG GROUP PLC 1.72 1.57 1.41 1.24 1.29 2.55 2.86 2.51 2.02 1.60 7.09 7.40 6.24 5.27 5.19 6.14 6.36 5.33 4.26 4.28 12.42 12.85 10.83 8.51 6.65 1.53 1.63 1.78 2.03 2.28 1390.14 24.2%BARCLAYS PLC 0.65 0.65 0.61 0.57 0.50 1.27 1.26 1.23 1.19 1.31 3.01 3.03 2.66 2.36 8.20 7.82 6.53 5.62 6.37 2.22 2.50 3.20 4.45 3.72 365.84 27.1%STANDARD CHARTERED PLC 1.44 1.30 1.20 1.11 1.06 3.23 2.98 2.71 2.48 2.33 11.48 9.85 8.66 7.78 11.70 10.76 9.76 8.98 8.13 3.20 3.59 3.94 4.38 4.51 1900.72 12.1%UNILEVER PLC 5.85 5.28 4.71 4.25 3.71 1.86 1.78 1.68 1.59 1.52 16.27 14.91 13.82 12.66 11.85 12.53 11.73 10.97 10.17 9.72 20.43 19.09 17.57 16.15 15.02 3.02 3.15 3.41 3.74 4.13 2785.50 2.0%SABMILLER PLC 3.40 3.05 2.81 2.57 2.24 4.92 3.36 3.17 3.00 2.85 19.48 17.10 16.00 14.06 12.55 19.04 15.75 14.40 13.53 11.74 24.61 21.47 19.07 17.13 15.56 1.73 1.98 2.23 2.51 2.63 3283.07 -3.8%RECKITT BENCKISER GROUP PLC 5.51 5.21 4.57 4.14 3.31 3.58 3.38 3.22 3.03 2.91 17.65 16.40 15.46 14.74 13.05 13.75 13.18 12.51 11.65 10.55 19.26 17.96 16.99 15.81 14.40 2.71 2.88 3.04 3.25 3.57 4410.93 -7.5%TESCO PLC 1.69 1.62 1.53 1.45 0.46 0.46 0.44 0.42 0.40 8.04 7.88 7.29 6.82 7.24 7.72 7.32 6.88 9.87 11.44 11.91 11.27 10.51 9.93 4.02 3.92 4.10 4.42 4.74 388.11 3.4%PRUDENTIAL PLC 2.75 2.39 2.13 2.11 1.59 0.54 0.47 0.45 15.20 13.20 11.92 10.94 2.52 2.86 3.06 3.34 3.51 1116.89 5.9%NATIONAL GRID PLC 2.69 2.65 2.54 2.40 2.28 1.90 1.89 1.83 1.77 1.69 8.00 7.71 7.52 7.24 7.07 9.99 9.48 8.91 8.51 8.35 14.82 13.96 13.58 13.03 13.08 5.27 5.49 5.61 5.78 5.85 723.88 -2.9%ANGLO AMERICAN PLC 0.81 0.80 0.76 0.74 1.29 1.06 1.01 0.97 0.86 6.19 4.65 4.35 4.03 6.27 5.06 4.64 4.45 5.68 13.56 11.24 9.25 8.38 15.14 2.90 3.28 3.48 3.99 5.42 2026.32 17.5%IMPERIAL TOBACCO GROUP PLC 2.81 3.54 3.40 3.31 3.11 2.75 2.70 2.61 2.52 2.43 9.97 9.09 8.79 8.07 7.36 9.12 8.95 8.59 8.24 7.94 11.21 10.51 9.76 9.07 8.45 4.68 5.19 5.73 6.34 6.90 2637.15 18.0%BT GROUP PLC 11.53 12.31 7.46 5.46 3.49 1.10 1.18 1.20 1.20 1.21 4.38 4.69 4.88 4.78 5.68 4.96 4.90 4.93 4.88 4.89 11.88 10.79 10.67 10.00 9.74 3.10 3.54 3.99 4.54 4.84 267.95 -1.1%ROLLS-ROYCE HOLDINGS PLC 3.60 2.93 2.54 2.26 1.95 1.67 1.35 1.28 1.18 1.10 17.76 14.44 11.62 9.65 10.62 8.71 8.10 7.47 6.40 19.02 16.67 15.23 14.05 12.98 1.80 2.01 2.27 2.61 2.77 1055.28 -3.4%LLOYDS BANKING GROUP PLC 0.76 0.78 0.73 0.69 0.63 1.86 1.88 1.88 1.86 12.15 8.84 7.15 6.15 20.26 12.47 8.68 7.48 5.72 0.00 0.41 2.06 4.11 3.29 53.63 10.3%CENTRICA PLC 3.12 3.01 2.79 2.51 2.15 0.81 0.77 0.74 0.71 0.67 10.10 7.38 6.89 6.50 6.42 5.89 5.60 5.32 4.97 13.47 13.08 11.77 11.43 10.24 4.51 4.73 5.01 5.34 5.83 368.25 1.3%XSTRATA PLC 1.03 0.98 0.92 0.95 1.60 1.44 1.35 1.20 7.13 6.99 6.05 5.10 8.67 6.86 6.02 4.84 14.03 13.11 10.44 7.41 2.45 2.71 3.02 3.69 1267.50 17.2%COMPASS GROUP PLC 4.46 4.65 4.10 3.68 0.89 0.86 0.81 0.76 0.74 14.25 15.17 13.05 12.50 11.06 10.38 9.68 8.98 8.54 19.33 17.71 16.02 14.65 2.55 2.83 3.11 3.40 832.14 1.0%SSE PLC 2.72 2.95 2.79 2.62 2.86 0.51 0.45 0.43 0.41 0.36 8.81 7.96 7.49 7.00 6.94 9.64 8.99 8.46 7.81 7.43 13.14 13.00 12.68 11.62 10.98 5.39 5.70 5.95 6.19 6.50 1435.85 -2.9%WPP PLC 1.82 1.74 1.62 1.53 1.26 1.18 1.13 1.08 1.01 10.99 10.12 9.53 9.01 0.09 9.14 8.62 8.05 7.54 6.83 14.15 12.78 11.65 10.68 9.65 2.69 3.14 3.51 3.94 4.14 1125.65 9.0%GLENCORE INTERNATIONAL PLC 1.19 1.07 0.95 0.87 0.19 0.18 0.17 0.16 0.21 10.31 8.22 6.73 5.98 13.12 10.22 8.15 7.61 11.70 9.12 7.33 6.26 11.28 2.73 3.12 3.82 4.23 434.00 21.0%ARM HOLDINGS PLC 10.25 8.94 7.65 6.19 4.76 22.65 19.02 16.15 14.21 12.27 61.41 47.41 37.04 30.60 22.83 47.77 37.61 30.08 24.70 19.80 62.24 48.67 38.28 30.50 22.77 0.44 0.58 0.72 0.89 0.76 972.22 6.2%BAE SYSTEMS PLC 2.66 2.78 2.58 2.62 2.53 0.66 0.64 0.65 0.65 0.63 9.62 13.45 9.50 8.04 5.18 5.05 5.15 5.24 5.07 9.77 9.07 9.23 8.76 7.91 5.05 5.31 5.42 5.73 5.81 356.00 -6.8%EXPERIAN PLC 5.50 5.05 4.27 3.61 3.60 3.60 3.32 3.07 2.92 18.05 12.91 11.64 10.91 9.89 12.68 12.14 11.06 10.14 9.67 20.96 20.23 17.33 15.65 14.71 1.89 2.00 2.29 2.52 2.78 1209.23 8.0%TULLOW OIL PLC 3.06 2.89 2.82 2.70 7.24 6.31 6.50 6.45 5.26 11.75 10.49 11.89 12.44 8.14 10.38 9.61 9.68 9.88 24.64 26.20 27.65 32.48 25.63 0.84 0.83 0.84 0.97 1.21 1419.92 13.1%SHIRE PLC 4.03 3.46 2.61 2.14 1.90 3.54 3.28 3.06 2.90 2.82 12.04 10.61 9.71 8.93 9.25 9.89 9.13 8.11 7.57 7.58 14.73 13.25 11.72 10.53 10.24 0.58 0.66 0.78 0.88 0.91 2336.71 18.2%CRH PLC 1.13 1.12 1.09 1.04 0.66 0.65 0.61 0.57 0.48 9.53 8.53 7.54 6.42 9.66 8.97 7.84 6.75 5.48 23.09 20.03 15.54 12.05 9.85 3.72 3.77 3.87 4.06 1365.52 -4.6%LEGAL & GENERAL GROUP PLC 1.80 1.68 1.59 1.48 1.36 0.38 0.34 0.30 4.55 12.15 11.57 10.83 9.83 8.51 4.35 4.88 5.35 6.23 6.11 165.21 -2.9%OLD MUTUAL PLC 1.16 1.09 1.04 1.04 0.98 3.65 12.33 9.66 9.05 8.48 11.48 10.00 9.13 8.00 7.28 3.24 4.03 4.48 5.18 5.43 203.99 1.5%PEARSON PLC 1.53 1.59 1.52 1.46 1.53 1.52 1.53 1.49 1.27 11.49 11.64 10.62 9.76 10.02 10.22 9.41 8.34 7.33 13.73 14.22 12.69 11.25 10.20 3.85 4.10 4.31 4.65 1249.41 8.1%REED ELSEVIER PLC 5.52 5.35 4.78 3.84 1.50 1.51 1.45 1.43 10.26 9.73 9.19 7.91 7.07 7.02 6.62 6.41 15.51 14.66 13.58 12.33 3.12 3.16 3.38 3.61 733.30 -5.4%AVIVA PLC 0.84 0.81 0.75 0.75 0.71 0.13 0.20 0.21 6.38 6.76 6.22 5.65 4.93 8.58 6.62 6.83 6.25 6.59 389.10 31.5%WOLSELEY PLC 2.49 2.94 2.62 2.33 1.94 0.66 0.65 0.61 0.57 0.55 17.46 18.67 13.37 11.93 7.99 12.13 11.30 9.70 8.64 7.65 19.38 17.54 14.65 12.71 10.91 1.80 2.14 2.58 2.98 3.30 3245.32 2.3%BRITISH SKY BROADCASTING GRO 15.67 16.13 12.81 9.13 2.06 1.97 1.87 1.80 1.72 12.73 11.10 10.59 9.32 9.15 9.95 9.30 9.07 8.57 8.21 17.64 15.25 14.49 13.46 0.40 2.86 3.29 3.52 3.85 121.70 826.18 -5.0%STANDARD LIFE PLC 2.03 1.99 1.89 1.77 1.64 0.43 0.42 0.39 0.34 12.06 15.03 13.87 11.94 11.41 4.08 4.35 4.57 4.85 5.32 334.56 -7.2%SMITH & NEPHEW PLC 2.75 2.38 2.14 1.94 2.47 2.33 2.23 2.12 2.01 12.43 12.06 10.57 9.70 8.71 8.40 7.70 7.15 6.78 15.19 14.51 13.30 12.39 11.57 2.15 2.34 2.56 2.87 3.11 729.28 -2.8%NEXT PLC 25.22 19.15 15.07 11.20 1.94 1.88 1.82 1.77 1.70 12.65 11.59 10.42 9.90 9.83 9.43 9.10 8.81 8.46 15.30 13.78 12.55 11.50 10.67 2.35 2.63 2.89 3.19 3.42 4196.95 -3.0%KINGFISHER PLC 1.10 1.03 0.97 0.93 0.63 0.61 0.58 0.55 0.55 10.45 9.13 8.45 7.09 6.93 6.48 5.94 5.39 4.43 12.88 11.75 10.53 9.37 7.40 3.23 3.58 3.90 4.29 5.28 303.00 7.4%ASSOCIATED BRITISH FOODS PLC 2.41 2.29 2.10 1.93 1.73 1.20 1.13 1.06 1.00 0.94 14.42 12.19 12.28 11.26 9.53 11.22 10.28 9.57 8.94 8.51 21.63 19.42 17.52 15.85 14.51 1.48 1.67 1.83 2.02 2.30 1757.78 -5.6%LAND SECURITIES GROUP PLC 0.90 0.89 0.85 0.79 0.67 9.96 11.48 10.67 10.08 9.38 21.91 23.36 21.73 19.58 17.36 20.27 21.40 19.76 18.46 17.11 21.39 22.83 21.16 19.48 17.51 3.58 3.68 3.81 3.96 4.45 871.38 7.5% Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
  5. 5. Valuation Measures II/II Price to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Price to Earnings Ratio Estimated Dividend Yield Target 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 %D to SpotS&P 500 INDEX 2.17 2.17 1.99 1.81 2.17 1.40 1.40 1.34 1.28 1.40 10.02 10.02 9.72 9.51 10.02 8.80 8.80 8.13 7.62 8.80 14.14 14.14 12.67 11.44 14.14 2.20 2.20 2.36 2.56 2.20 1682.0 7.6%Euro Stoxx 50 Pr 1.12 1.12 1.06 1.00 1.12 0.72 0.72 0.70 0.68 0.72 5.22 5.22 4.87 4.64 5.22 7.00 7.00 6.62 6.30 7.00 10.84 10.84 9.70 8.88 10.84 4.44 4.44 4.77 5.08 4.44 2896.5 11.7%NIKKEI 225 1.51 1.51 1.41 1.32 1.51 0.71 0.71 0.66 0.65 0.71 9.49 9.49 8.15 7.62 9.49 9.50 9.50 8.28 7.76 9.50 24.08 24.08 18.86 14.60 24.08 1.65 1.65 1.65 1.93 1.65 11916.4 -4.6%FTSE 100 INDEX 1.67 1.67 1.55 1.34 1.67 1.00 1.00 0.97 0.98 1.00 7.84 7.84 7.22 5.21 7.84 7.05 7.05 6.60 6.33 7.05 11.72 11.72 10.63 9.74 11.72 3.92 3.92 4.22 4.66 3.92 6826.8 7.5%SWISS MARKET INDEX 2.37 2.37 2.20 2.03 2.37 1.98 1.98 1.88 1.80 1.98 12.18 12.18 11.13 9.77 12.18 13.15 13.15 12.16 11.37 13.15 14.77 14.77 13.22 12.00 14.77 3.34 3.34 3.70 4.21 3.34 8029.4 3.9%S&P/TSX COMPOSITE INDEX 1.69 1.69 1.56 1.46 1.69 1.58 1.58 1.48 1.43 1.58 8.44 8.44 7.58 7.00 8.44 8.24 8.24 7.29 6.91 8.24 14.05 14.05 12.39 11.38 14.05 3.12 3.12 3.28 3.48 3.12 14554.2 14.5%S&P/ASX 200 INDEX 1.90 1.90 1.79 1.69 1.90 1.82 1.82 1.71 1.62 1.82 11.19 11.19 9.99 9.12 11.19 9.54 9.54 8.40 7.80 9.54 15.28 15.28 13.60 12.48 15.28 4.35 4.35 4.66 5.03 4.35 5152.0 3.1%HANG SENG INDEX 1.34 1.34 1.24 1.15 1.34 1.74 1.74 1.61 1.50 1.74 7.17 7.17 6.65 6.25 7.17 8.13 8.13 7.39 6.84 8.13 10.88 10.88 9.98 9.08 10.88 3.54 3.54 3.83 4.34 3.54 24942.6 11.0%MSCI EM 1.44 1.44 1.31 1.21 1.44 0.95 0.95 0.88 0.84 0.95 6.89 6.89 6.34 5.94 6.89 7.09 7.09 6.50 6.11 7.09 10.81 10.81 9.72 9.01 10.81 3.07 3.07 3.57 6.08 3.07 1184.9 15.2%MARKS & SPENCER GROUP PLC 2.13 2.45 2.33 2.14 1.82 0.63 0.63 0.60 0.58 0.56 6.56 6.87 6.42 5.84 5.48 6.44 6.44 6.06 5.65 5.55 11.64 12.03 11.27 10.37 9.46 4.36 4.34 4.57 4.95 5.23 387.71 -0.5%WM MORRISON SUPERMARKETS 1.25 1.17 1.11 1.06 0.35 0.35 0.34 0.33 6.33 6.45 6.12 6.12 6.45 6.61 6.38 6.10 10.31 10.51 10.16 9.65 4.27 4.56 4.81 5.25 256.00 -6.6%BURBERRY GROUP PLC 6.59 5.85 4.87 4.12 3.66 3.18 2.99 2.59 2.34 2.04 17.91 16.33 13.37 11.61 10.05 12.21 11.14 9.76 8.57 7.87 21.55 19.97 17.49 15.30 13.56 1.88 2.09 2.39 2.74 3.12 1484.90 11.2%ROYAL BANK OF SCOTLAND GROUP 0.47 0.49 0.47 0.45 0.41 1.34 1.39 1.50 7.58 8.16 12.26 7.76 6.36 6.01 14.23 12.53 8.69 7.13 0.10 0.00 0.00 0.74 2.61 5.97 327.52 15.6%CAPITA PLC 6.29 5.54 4.71 3.91 2.70 1.75 1.54 1.42 1.35 1.28 17.81 13.86 12.53 10.05 9.73 12.90 11.95 11.05 10.55 9.70 17.12 15.78 14.47 13.69 12.78 2.62 2.86 3.14 3.37 3.65 863.79 -2.8%INTERTEK GROUP PLC 8.31 6.73 5.48 4.61 4.54 2.61 2.37 2.18 2.02 1.92 18.51 15.59 13.81 12.02 14.38 14.82 13.07 11.73 10.73 10.42 26.09 22.09 19.53 17.46 17.20 1.20 1.42 1.61 1.81 1.74 3653.28 8.9%INTERCONTINENTAL HOTELS GROU 43.42 114.44 29.95 13.79 4.32 4.09 3.89 3.68 3.53 15.47 13.25 12.16 12.20 12.77 11.68 10.95 10.20 21.36 18.64 17.17 15.55 2.11 2.39 2.62 2.90 2051.17 4.9%SAINSBURY (J) PLC 1.22 1.16 1.32 1.03 0.32 0.30 0.29 0.28 0.28 6.72 15.56 3.53 0.62 6.87 6.60 6.32 6.36 13.89 12.63 11.98 11.43 11.33 4.45 4.61 4.83 4.69 355.41 -5.2%RANDGOLD RESOURCES LTD 3.01 2.49 2.02 1.73 5.79 4.82 3.68 3.57 3.84 12.78 9.89 7.21 7.07 10.68 8.41 5.96 6.03 6.58 17.63 15.31 10.48 10.57 8.45 0.62 0.64 0.86 0.88 7165.33 28.6%BRITISH LAND CO PLC 0.94 0.94 0.89 0.81 0.70 9.47 10.55 10.20 9.67 9.04 18.70 18.77 17.96 16.53 14.30 16.23 18.75 18.09 16.30 13.53 18.45 18.02 17.49 16.33 14.61 4.83 4.90 5.01 5.20 5.48 608.64 12.6%SMITHS GROUP PLC 3.21 3.92 3.37 2.91 1.62 1.54 1.48 1.41 1.39 15.58 13.70 12.40 10.01 9.31 8.74 8.26 7.78 13.45 12.99 12.24 11.30 3.07 3.24 3.44 3.67 1298.12 5.6%UNITED UTILITIES GROUP PLC 2.89 2.56 2.43 2.32 2.44 3.03 2.89 2.80 2.70 2.69 8.77 8.15 7.36 6.75 7.22 11.45 10.98 10.49 10.00 10.45 18.95 17.93 16.81 15.43 16.57 4.59 4.93 5.18 5.42 5.22 731.92 4.9%WEIR GROUP PLC/THE 3.78 3.25 2.85 2.42 1.82 1.80 1.70 1.61 1.53 16.33 13.02 11.35 11.15 10.23 9.77 8.99 8.44 7.82 15.08 14.49 13.23 12.23 11.51 1.66 1.85 2.02 2.25 3.15 2303.85 3.7%ITV PLC 4.85 4.15 3.38 2.78 2.27 2.17 2.10 2.03 2.11 14.56 12.94 11.75 10.86 9.28 8.27 7.88 7.38 14.72 12.94 12.08 11.14 10.59 1.87 2.65 2.89 3.12 4.76 129.55 1.1%JOHNSON MATTHEY PLC 3.05 3.01 2.69 2.41 0.40 0.44 0.56 0.54 0.71 12.05 12.20 11.31 9.20 9.19 9.73 9.32 8.83 15.25 15.34 14.47 13.08 2.40 2.58 2.79 3.10 2465.00 10.3%AGGREKO PLC 4.40 3.76 3.16 2.86 2.56 3.01 2.92 2.75 2.53 2.31 14.72 11.49 10.03 7.72 7.23 8.60 8.47 7.94 7.40 6.91 17.48 18.75 17.29 15.83 14.66 1.33 1.44 1.62 17.86 2.29 2044.81 14.8%WHITBREAD PLC 3.10 3.05 2.65 2.32 2.16 2.50 2.20 1.98 1.80 1.68 12.75 11.40 10.68 9.43 9.28 10.89 9.91 9.00 8.24 7.94 18.85 16.71 14.86 13.42 12.89 1.99 2.27 2.48 2.72 3.03 2641.76 6.4%GKN PLC 3.08 2.59 1.87 1.69 0.67 0.58 0.55 0.53 0.54 11.25 10.17 7.87 5.65 7.49 6.39 5.71 5.31 11.01 9.94 8.69 8.18 2.69 3.03 3.41 3.82 288.92 9.3%BUNZL PLC 4.82 4.37 3.87 3.34 0.79 0.71 0.69 0.66 17.21 15.18 14.23 12.96 13.30 12.05 11.50 11.00 18.19 16.67 15.72 14.79 2.18 2.41 2.56 2.72 1154.07 -9.5%RSA INSURANCE GROUP PLC 1.08 1.05 1.00 0.97 0.48 0.47 0.45 0.43 1156.00 10.32 9.25 8.89 8.69 8.04 6.49 6.57 6.23 122.35 5.8%IMI PLC 6.44 5.80 4.68 4.12 1.87 1.82 1.74 1.69 1.60 22.11 15.70 13.84 11.71 10.28 9.55 8.93 8.47 15.87 14.89 13.62 12.41 2.50 2.72 2.94 3.21 1316.13 1.4%REXAM PLC 1.94 1.81 1.62 1.49 0.94 0.91 0.88 0.81 0.73 10.60 8.89 8.41 7.38 7.25 6.92 6.53 14.59 12.71 11.72 11.12 3.02 3.39 3.67 3.81 560.17 7.2%INTL CONSOLIDATED AIRLINE-DI 1.07 1.09 1.04 0.97 0.31 0.30 0.29 0.27 0.27 7.08 5.26 3.64 2.81 7.34 4.60 3.64 3.04 2.96 24.52 10.23 6.79 7.06 0.00 0.07 0.27 1.62 258.22 3.0%CARNIVAL PLC 1.10 1.08 1.03 0.98 1.79 1.73 1.65 1.55 1.48 9.15 8.92 7.34 6.66 10.96 10.32 8.98 8.11 7.77 18.20 16.56 12.76 10.80 10.25 3.19 3.44 3.52 3.87 2620.69 16.6%G4S PLC 2.60 2.71 2.44 2.24 1.69 0.51 0.50 0.47 0.44 0.43 12.02 9.13 8.79 6.39 6.69 9.14 8.43 7.95 7.41 7.21 12.99 11.77 10.72 9.68 8.74 3.02 3.40 3.68 4.16 4.33 315.26 9.3%SAGE GROUP PLC/THE 2.67 3.16 2.85 2.72 2.97 2.88 2.82 2.69 15.99 13.95 13.24 13.56 10.54 10.45 9.80 9.25 17.30 15.41 14.18 13.04 3.07 3.30 3.42 3.60 309.20 -8.8%SEVERN TRENT PLC 3.39 4.29 4.05 3.86 4.04 2.24 2.16 2.11 2.06 2.18 7.84 7.87 7.51 7.09 7.23 10.12 9.82 9.53 9.36 9.61 19.46 17.98 17.27 16.88 18.06 4.23 4.57 4.85 5.14 5.27 1668.92 0.7%ABERDEEN ASSET MGMT PLC 4.23 3.84 3.44 3.06 6.03 5.05 4.46 4.05 16.94 12.78 11.32 10.24 14.43 11.73 10.05 9.04 19.94 15.69 13.34 11.60 12.19 2.46 3.19 3.73 4.24 463.59 8.6%BABCOCK INTL GROUP PLC 3.77 3.80 3.43 3.08 1.14 1.20 1.12 1.05 0.97 20.32 18.19 15.76 13.41 11.79 12.22 11.65 11.17 10.23 11.41 17.31 15.60 15.24 13.88 12.59 1.99 2.32 2.53 2.73 3.18 1109.15 3.4%TATE & LYLE PLC 3.59 3.26 2.88 2.56 2.29 1.27 1.17 1.10 1.08 1.08 11.54 11.89 9.75 9.26 8.70 9.44 9.34 8.67 8.23 7.85 14.76 14.76 13.58 12.50 11.55 3.05 3.19 3.38 3.60 3.83 854.62 4.3%MEGGITT PLC 1.95 1.76 1.60 1.60 1.50 2.36 2.22 2.11 2.00 2.00 15.02 13.24 11.24 9.60 9.52 8.85 8.30 7.82 7.40 14.01 12.89 11.82 11.06 11.99 2.36 2.61 2.84 3.22 3.59 497.00 3.1%RESOLUTION LTD 0.70 0.72 0.73 2.39 2.45 2.19 12.32 10.80 9.65 9.22 8.75 7.75 7.82 7.93 7.78 7.78 266.33 -1.8%PETROFAC LTD 5.07 3.74 3.01 2.36 1.16 1.10 1.01 0.92 0.92 13.93 9.25 7.81 6.80 6.50 7.69 6.61 5.65 4.84 4.45 11.64 10.70 9.43 8.36 7.97 2.96 3.23 3.65 4.06 5.21 1772.53 24.5%CRODA INTERNATIONAL PLC 10.31 8.37 6.56 5.36 3.51 3.36 3.16 2.94 2.76 18.21 17.05 15.17 0.12 13.83 12.68 11.65 10.62 10.00 21.39 19.67 18.01 15.98 14.96 2.17 2.37 2.59 2.90 3.07 2570.19 -5.2%ANTOFAGASTA PLC 2.13 1.98 1.82 1.69 2.31 2.32 2.36 2.37 2.53 6.31 6.51 7.05 7.05 5.69 3.90 4.30 4.42 4.59 4.92 11.36 11.97 12.69 13.25 14.04 3.75 3.25 2.81 2.68 2.61 1169.09 13.6%HAMMERSON PLC 0.89 0.87 0.82 0.77 0.70 11.99 10.93 10.24 9.57 8.60 24.48 22.32 20.60 18.39 18.82 23.43 21.89 20.26 19.01 18.07 24.12 22.12 20.16 18.32 17.77 3.63 3.85 4.13 4.52 4.61 534.81 11.4%MELROSE INDUSTRIES PLC 1.91 1.92 1.64 0.03 2.16 1.42 1.35 1.31 19.79 14.95 11.86 0.10 15.83 10.27 9.37 8.96 16.45 14.95 13.16 12.42 2.62 3.04 3.31 3.57 281.11 6.8%AMEC PLC 2.68 2.57 2.29 2.07 0.77 0.74 0.70 0.66 0.73 12.68 10.75 10.09 8.51 9.07 8.31 7.50 6.89 13.64 12.10 10.85 10.02 3.16 3.71 4.17 4.50 1231.33 16.2%WOOD GROUP (JOHN) PLC 2.21 1.98 1.76 1.51 0.72 0.67 0.64 0.60 15.12 11.13 10.21 9.63 10.04 8.57 7.73 7.32 15.48 13.16 11.67 10.58 1.33 1.57 1.77 1.99 918.09 5.9%SERCO GROUP PLC 2.67 2.37 2.11 1.88 1.71 0.63 0.60 0.57 0.53 0.51 15.25 14.27 11.69 9.00 9.08 9.62 9.32 8.67 8.20 8.01 15.32 14.27 12.90 11.65 10.00 1.43 1.88 2.30 2.93 2.85 650.00 4.5%EASYJET PLC 2.39 2.10 1.88 1.66 1.07 1.00 0.94 0.89 0.85 10.69 8.56 7.97 8.30 9.37 7.93 7.28 6.69 6.24 17.67 13.44 12.36 11.49 11.42 1.14 2.37 2.58 2.84 2.74 1006.41 -4.0%ADMIRAL GROUP PLC 8.26 7.48 6.74 4.31 1.67 2.32 2.16 1.54 14.51 13.65 12.92 11.95 6.50 6.61 7.00 7.02 1182.64 -10.4%SCHRODERS PLC 2.89 2.45 2.23 2.01 5.07 4.43 3.98 3.71 17.11 17.48 14.98 5.84 3.16 2.67 2.33 2.10 21.07 17.29 15.00 13.48 1.94 2.30 2.58 2.90 2216.05 6.4%LONDON STOCK EXCHANGE GROUP 3.05 2.43 2.23 2.03 4.52 4.24 4.09 3.87 2.85 11.41 9.55 8.70 6.84 3.94 8.91 8.75 8.98 8.44 8.82 13.51 13.96 14.64 13.60 11.97 2.23 2.27 2.38 2.50 2.78 1297.33 -1.3%FRESNILLO PLC 6.50 5.30 4.70 4.32 6.83 6.17 5.42 5.30 14.26 12.29 10.16 9.43 11.07 9.66 8.24 8.08 20.37 19.16 16.34 14.91 2.78 3.06 3.26 3.56 1779.08 29.6%HARGREAVES LANSDOWN PLC 27.12 21.70 17.04 13.80 17.11 14.08 12.36 11.00 8.25 35.41 24.21 22.14 20.07 26.28 19.18 16.72 14.60 36.01 27.82 23.94 20.75 14.19 2.46 2.96 3.41 3.94 6.42 772.30 -9.9%POLYMETAL INTERNATIONAL PLC 2.51 2.61 2.11 1.70 1.38 3.68 2.71 2.32 2.05 2.02 15.50 9.60 6.72 5.73 6.00 9.16 6.77 5.65 4.90 4.92 12.10 9.82 7.73 6.65 6.89 1.10 4.06 5.18 5.12 6.43 1198.37 39.1%TUI TRAVEL PLC 1.82 2.09 1.91 1.73 0.24 0.24 0.23 0.23 0.23 9.86 8.52 7.41 6.17 5.57 5.06 4.79 4.58 4.35 13.31 11.53 10.54 9.86 7.87 3.69 3.94 4.26 4.57 5.60 299.31 -6.3%VEDANTA RESOURCES PLC 0.86 0.91 0.83 0.76 0.79 0.30 0.28 0.24 0.22 0.22 1.87 1.27 1.06 0.92 7.12 5.75 4.85 4.49 5.01 11.57 10.68 6.45 5.20 13.03 3.25 3.63 4.01 4.25 1286.00 25.3%EVRAZ PLC 0.68 0.82 0.80 0.77 0.63 0.30 0.34 0.33 0.31 0.29 2.50 2.90 3.09 2.59 2.38 3.76 5.55 5.13 4.45 3.67 5.88 42.99 26.48 12.04 7.42 11.39 2.99 2.51 2.60 5.47 352.64 60.9% Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

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