American express co

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American Express Co

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COMPANY FINALYTICS

Exclusive Fundamental Analysis of US Stocks

Prepared and Edited By‐

SRI KRISHNA CONSULTING

Page

Summary 3Latest Result 3Valuation Matrix 3ROE Analysis 3

Income Statement 4

Balance Sheet 5

Cash flow Statement 6

Quarterly Result 6

Growth Analysis 7

Comparative Analysis 8Income Statement 8Balance Sheet 8

Index Analysis 9Income Statement 9Balance Sheet 9

Ratio Analysis 10Annual 10Quarterly 11

TTM Analysis 11

Valuation and Projection 12

Technical Analysis 13CONTENT

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Annual Quarterly TTM Business Summary12/31/2011 2012 Q1 2012 Q1

32282.00 7.59 8188.00 (1.55) 32846.00 1.7510005.00 9.61 2601.00 0.04 10243.00 0.484899.00 20.75 1256.00 0.05 4978.00 1.614935.00 21.64 1256.00 0.05 5014.00 1.60

3.77 30.83 1.07 0.06 4.27 1.35

IndustryCredit Services

Latest 10 K filing 12/31/2011

Latest 10 Q Filing 3/31/2012Next Report Date 7/18/2012No. of Employee 62,500No. Equity Share (Million)

1173

Price 53.43Market Cap (Million) 62673.39Total Debt 126497.00Enterprise Value 189170.39

Exchange Traded NYSE

Ticker AXP

52 Week High 61.42

52 Week Low 41.32007 2008 2009 2010 2011 Short Interest Ratio 2.290.70 0.75 0.75 0.68 0.71 Beta 1.830.59 0.67 0.53 0.58 0.65 Average Target Price 63.330.59 0.50 0.56 0.71 0.75 One Year Return 8.420.31 0.22 0.19 0.28 0.29 Three Months Return 0.430.25 0.29 0.23 0.22 0.23 One Month Return ‐11.1

1126.50 917.60 789.52 823.07 742.02

36.38 22.79 14.79 25.00 26.26

30.47 20.38 10.39 21.43 23.96

NA NA NA NA NA

NA NA NA NA NA

Summary

Particulars

Reported ROE (Including Treasury Stock)

Normalized ROE(Including Treasury Stock)

At a glance

American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services

throughout the world.Reported PAT

EPS

Latest Results

EBITDA

% Change % Change % Change

Sales

Adjusted PAT

Market Data

Valuation Data

Company IndustryP/E(TTM)

P/E(Forward)

PEG RatioPrice/Sales

Dividend Yield(%)Price/Book

Price/Free Cash Flow

Price/Enterprise Value

12.69

12.33

1.051.871.503.135.43

0.33

27.46

NA

NA

Total Assets / Net Worth(Without Treasury

Stock)

Reported ROE (Excluding Treasury Stock)

Normalized ROE(Excluding Treasury Stock)

Reported PAT / PBTNormalized PAT / PBT

PBT / PBITPBIT / Sales

Sales / Total Assets

ROE Analysis

7.331.854.150.95

NA

Strong Buy 11 Hold

8

Analyst Rating

30.47

20.38

10.39

21.43 23.96

0.00 0.00 0.00 0.00 0.00

2007 2008 2009 2010 2011

ROE

Normalized ROE(Excluding Treasury Stock) Normalized ROE(Including Treasury Stock)

83.57

42

0.92 1

Institutional Ownership

(%)

Top 10 Institutions

(%)

Mutual Fund Ownership

(%)

5%/Insider Ownership

(%)

Ownership (%)


2007 2008 2009 2010 2011

31540.00 31920.00 26543.00 30005.00 32282.00

(601.00) (629.00) (930.00) (741.00) (729.00)

32141.00 32549.00 27473.00 30746.00 33011.00

17352.00 20010.00 19000.00 18754.00 19899.00

0.00 0.00 0.00 0.00 0.00

(4513.00) (4774.00) (2495.00) (2864.00) (3107.00)

10276.00 7765.00 5978.00 9128.00 10005.00

0.00 0.00 0.00 0.00 0.00

10276.00 7765.00 5978.00 9128.00 10005.00

601.00 629.00 930.00 741.00 729.00

9675.00 7136.00 5048.00 8387.00 9276.00

3981.00 3555.00 2207.00 2423.00 2320.00

5694.00 3581.00 2841.00 5964.00 6956.00

1568.00 710.00 704.00 1907.00 2057.00

4126.00 2871.00 2137.00 4057.00 4899.00

(114.00) (172.00) (7.00) 0.00 36.00

4012.00 2699.00 2130.00 4057.00 4935.000 0 0 0 0

Income Statement

Minority Interest

Particulars (in Millions)

EAT

Non recurring income

Reported profit

Depreciation

EBIT

Interest expenses

EBT

Tax

Research and development expenses

other operating income/(Expenses)

Operating profitOther non‐operating income/(expenses)

EBITDA

Sales

cost of goods sold

Gross profitGeneral selling and

administrative expenses

31,540 31,920

26,543

30,00532,282

0.00

2000.00

4000.00

6000.00

8000.00

10000.00

12000.00

2007 2008 2009 2010 2011

Operating Income

Operating profit EBITDA Sales

2007 2008 2009 2010 2011

Profit Levels

Gross profit Operating profit EBITDA EBIT EBT EAT Reported profit

101.91

101.97

103.50

102.47

102.26

32.58

24.33

22.52

30.42

30.99

32.58

24.33

22.52

30.42

30.99

30.68

22.36

19.02

27.95

28.73

18.05

11.22

10.70

19.88

21.55

13.08

8.99

8.05

13.52

15.18

2007

2008

2009

2010

2011

Profit Margins

Gross profit Operating profit EBITDA EBIT EBT EAT

Financial Data Mining

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2007 2008 2009 2010 2011

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

232.00 232.00 237.00 238.00 232.00

10164.00 10496.00 11144.00 11937.00 12217.00

1075.00 2719.00 3737.00 4972.00 7221.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

(59.00) (779.00) 479.00 50.00 287.00

(383.00) (827.00) (1191.00) (967.00) (1163.00)

11029.00 11841.00 14406.00 16230.00 18794.00

55285.00 60041.00 52338.00 66416.00 59570.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

57928.00 36771.00 46994.00 50938.00 61091.00113213.00 96812.00 99332.00 117354.00 120661.00124242.00 108653.00 113738.00 133584.00 139455.00

2692.00 2948.00 2782.00 2905.00 3367.001508.00 2301.00 2328.00 2639.00 3172.00204.00 717.00 717.00 972.00 1149.00

20392.00 31499.00 39411.00 28221.00 28526.00

0.00 0.00 0.00 0.00 0.00

24965.00 3924.00 5171.00 7569.00 3459.0055670.00 44021.00 32174.00 60002.00 63663.00

105431.00 85410.00 82583.00 102308.00 103336.00

44312.00 40664.00 42562.00 44381.00 50001.00

25501.00 17421.00 11407.00 13105.00 13882.00

18811.00 23243.00 31155.00 31276.00 36119.00124242.00 108653.00 113738.00 133584.00 139455.00

Balance SheetParticulars (in Millions)

Sources of Fund

Uses of funds

Retained Earnings (Accumulated Deficit)

Treasury Stock ‐ Common

ESOP Debt Guarantee

Unrealized Gain (Loss)

Other Equity, Total

Owners Fund

Redeemable Preferred Stock

Preferred Stock ‐ Non Redeemable, Net

Common Stock

Additional Paid‐In Capital

Loan Fund

Long Term Debt

Capital Lease Obligations

Total Fund

Deferred Income Tax

Minority Interest

Other Liabilities, TotalTotal Loan Fund

Total Net Current AssetsTotal Assets

Total Current Liabilities

Total Current AssetsNet Current Assets

Note Receivable ‐ Long Term

Other Long Term Assets, TotalOther Assets, TotalTotal Fixed Assets

Fixed Assets

Property/Plant/Equipment, Total ‐ Net

Goodwill, NetIntangibles, Net

Long Term Investments

Total Equity

2007 2008 2009 2010 2011

Sources of Fund

Total Equity Total Loan Fund

2007 2008 2009 2010 2011

Application of Funds

Total Fixed Assets

Total Net Current Assets


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91.12 89.10 87.33 87.85 86.52

8.88 10.90 12.67 12.15 13.48

2007 2008 2009 2010 2011

% of Total Fund

Total Loan Fund Total Equity


2007 2008 2009 2010 2011

8011.00 7773.00 6337.00 8935.00 10475.00

(16621.00) 7561.00 (6752.00) (1229.00) (491.00)

15466.00 (10440.00) (4647.00) (8084.00) (1384.00)166.00 20.00 7.00 135.00 (63.00)

7022.00 4914.00 (5055.00) (243.00) 8537.00

8246 16740 21654 16599 16356

15268 21654 16599 16356 24893

2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q17624.00 8195.00 8146.00 8317.00 8188.00(227.00) (278.00) (228.00) (185.00) (254.00)7851.00 8473.00 8374.00 8502.00 8442.00

4628.00 5184.00 4999.00 5177.00 5017.00

0.00 0.00 0.00 0.00 0.00

(671.00) (669.00) (861.00) (817.00) (824.00)2552.00 2620.00 2514.00 2508.00 2601.00

0.00 0.00 0.00 0.00 0.002552.00 2620.00 2514.00 2508.00 2601.00227.00 278.00 228.00 185.00 254.00

2325.00 2342.00 2286.00 2323.00 2347.00593.00 577.00 575.00 575.00 574.00

1732.00 1765.00 1711.00 1748.00 1773.00555.00 470.00 476.00 556.00 517.00

1177.00 1295.00 1235.00 1192.00 1256.000.00 36.00 0.00 0.00 0.00

1177.00 1331.00 1235.00 1192.00 1256.000 0 0 0 0

Cash flow Statement

Quarterly Income Statement

Operating profitOther non‐operating income/(expenses)

EBITDADepreciation

EBITInterest expenses

EBTTaxEAT

Non recurring income Reported profitMinority Interest

Cash from Operating Activities

Cash from Investing Activities

Cash from Financing ActivitiesForeign Exchange Effects

Net Change in Cash

Net Cash ‐ Beginning Balance

Net Cash ‐ Ending Balance

Particulars (in Millions)Sales

cost of goods soldGross profit

General selling and administrative expenses


other operating income/(Expenses)


2007 2008 2009 2010 2011

Cash Flow

Cash from Operating Activities

Cash from Investing Activities

Cash from Financing Activities


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2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1

Sales and Profit Margin

Sales Operating Profit Margin PAT Margin


2008 2009 2010 2011Average Growth

Median Growth

5 Year CAGR

1.20 (16.85) 13.04 7.59 1.25 4.40 1.004.66 47.85 (20.32) (1.62) 7.64 1.52 1.041.27 (15.59) 11.91 7.37 1.24 4.32 1.01

15.32 (5.05) (1.29) 6.11 3.77 2.41 1.03

0.00 0.00 0.00 0.00 0.00 0.00 0.00

5.78 (47.74) 14.79 8.48 (4.67) 7.13 0.93(24.44) (23.01) 52.69 9.61 3.71 (6.70) 0.99

0.00 0.00 0.00 0.00 0.00 0.00 0.00(24.44) (23.01) 52.69 9.61 3.71 (6.70) 0.994.66 47.85 (20.32) (1.62) 7.64 1.52 1.04

(26.24) (29.26) 66.15 10.60 5.31 (7.82) 0.99(10.70) (37.92) 9.79 (4.25) (10.77) (7.48) 0.90(37.11) (20.66) 109.93 16.63 17.20 (2.02) 1.04(54.72) (0.85) 170.88 7.87 30.80 3.51 1.06(30.42) (25.57) 89.85 20.75 13.65 (2.41) 1.0350.88 (95.93) (100.00) 0.00 (36.26) (47.97) (0.79)(32.73) (21.08) 90.47 21.64 14.58 0.28 1.040.00 0.00 0.00 0.00 0.00 0.00 0.00

Growth Analysis

Minority Interest

Particulars (%)

Salescost of goods sold

Gross profit



other operating income/(Expenses)Operating profit

Other non‐operating income/(expenses)

EBITDADepreciation

EBITInterest expenses

EBTTaxEAT

Non recurring income Reported profit

2008 2009 2010 2011

Growth Rates (Year on Year)

Sales Gross profit Operating profit EBITDA EBIT EBT EAT Reported profit

2007 2008 2009 2010 2011

Profit Index (Year on Year)

Sales Gross profit Operating profit EBITDA EBIT EAT Reported profit


2007 2008 2009 2010 2011100.00 100.00 100.00 100.00 100.00(1.91) (1.97) (3.50) (2.47) (2.26)

101.91 101.97 103.50 102.47 102.26

55.02 62.69 71.58 62.50 61.64

0.00 0.00 0.00 0.00 0.00

(14.31) (14.96) (9.40) (9.55) (9.62)32.58 24.33 22.52 30.42 30.99

0.00 0.00 0.00 0.00 0.0032.58 24.33 22.52 30.42 30.991.91 1.97 3.50 2.47 2.26

30.68 22.36 19.02 27.95 28.7312.62 11.14 8.31 8.08 7.1918.05 11.22 10.70 19.88 21.554.97 2.22 2.65 6.36 6.37

13.08 8.99 8.05 13.52 15.18(0.36) (0.54) (0.03) 0.00 0.1112.72 8.46 8.02 13.52 15.290.00 0.00 0.00 0.00 0.00

2007 2008 2009 2010 2011

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.000.19 0.21 0.21 0.18 0.178.18 9.66 9.80 8.94 8.760.87 2.50 3.29 3.72 5.180.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00(0.05) (0.72) 0.42 0.04 0.21(0.31) (0.76) (1.05) (0.72) (0.83)8.88 10.90 12.67 12.15 13.48

44.50 55.26 46.02 49.72 42.720.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.0046.63 33.84 41.32 38.13 43.8191.12 89.10 87.33 87.85 86.52100.00 100.00 100.00 100.00 100.00

2.17 2.71 2.45 2.17 2.411.21 2.12 2.05 1.98 2.270.16 0.66 0.63 0.73 0.8216.41 28.99 34.65 21.13 20.46

0.00 0.00 0.00 0.00 0.00

20.09 3.61 4.55 5.67 2.4844.81 40.52 28.29 44.92 45.6584.86 78.61 72.61 76.59 74.10

35.67 37.43 37.42 33.22 35.85

20.53 16.03 10.03 9.81 9.95

15.14 21.39 27.39 23.41 25.90100.00 100.00 100.00 100.00 100.00

Comparative Analysis



Net Current AssetsTotal Current Assets


Total Loan FundTotal Fund

Uses of fundsFixed Assets





Income Statement

ParticularsSources of FundOwners Fund


Preferred Stock ‐ Non Redeemable, NetCommon Stock

Additional Paid‐In CapitalRetained Earnings

Treasury Stock ‐ CommonESOP Debt GuaranteeUnrealized Gain (Loss)Other Equity, Total

Total Equity0Loan Fund

Long Term DebtCapital Lease ObligationsDeferred Income TaxMinority Interest

Other Liabilities, Total


Balance Sheet

other operating income/(Expenses)Operating profit

DepreciationEBIT

Interest expensesEBTTaxEAT

Particulars (%)Sales

cost of goods soldGross profit



Other non‐operating income/(expenses)

EBITDA13%

87%

Source of Fund (%) 2011

Total Equity Total Loan Fund

74%

26%

Application of Fund (%) 2011

Total Fixed Assets

Total Net Current Assets

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2007 2008 2009 2010 2011(Base Year)

100.00 101.20 84.16 95.13 102.35100.00 104.66 154.74 123.29 121.30100.00 101.27 85.48 95.66 102.71100.00 115.32 109.50 108.08 114.680.00 0.00 0.00 0.00 0.00

100.00 105.78 55.28 63.46 68.85100.00 75.56 58.17 88.83 97.36

0.00 0.00 0.00 0.00 0.00100.00 75.56 58.17 88.83 97.36100.00 104.66 154.74 123.29 121.30100.00 73.76 52.18 86.69 95.88100.00 89.30 55.44 60.86 58.28100.00 62.89 49.89 104.74 122.16100.00 45.28 44.90 121.62 131.19100.00 69.58 51.79 98.33 118.73100.00 150.88 6.14 0.00 (31.58)100.00 67.27 53.09 101.12 123.01

0.00 0.00 0.00 0.00 0.00

2007 2008 2009 2010 2011

0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00

100.00 100.00 102.16 102.59 100.00100.00 103.27 109.64 117.44 120.20100.00 252.93 347.63 462.51 671.720.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00

100.00 1320.34 (811.86) (84.75) (486.44)100.00 215.93 310.97 252.48 303.66100.00 107.36 130.62 147.16 170.41

100.00 108.60 94.67 120.13 107.750.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00

100.00 63.48 81.12 87.93 105.46100.00 85.51 87.74 103.66 106.58100.00 87.45 91.55 107.52 112.24

100.00 109.51 103.34 107.91 125.07100.00 152.59 154.38 175.00 210.34100.00 351.47 351.47 476.47 563.24100.00 154.47 193.27 138.39 139.89

0.00 0.00 0.00 0.00 0.00

100.00 15.72 20.71 30.32 13.86100.00 79.07 57.79 107.78 114.36100.00 81.01 78.33 97.04 98.01

100.00 91.77 96.05 100.16 112.84

100.00 68.31 44.73 51.39 54.44

100.00 123.56 165.62 166.26 192.01100.00 87.45 91.55 107.52 112.24

Index Analysis







Uses of fundsFixed Assets

Net Current AssetsTotal Current Assets


Loan FundLong Term Debt

Capital Lease ObligationsDeferred Income TaxMinority Interest

Other Liabilities, TotalTotal Loan Fund

Total Fund

Preferred Stock ‐ Non Common Stock

Additional Paid‐In CapitalRetained Earnings

Treasury Stock ‐ CommonESOP Debt GuaranteeUnrealized Gain (Loss)Other Equity, Total

Total Equity

EATNon recurring income

Reported profitMinority Interest

Balance SheetParticulars

Sources of FundOwners Fund


other operating Operating profit

Other non‐operating EBITDA

DepreciationEBIT

Interest expensesEBTTax

Income StatementParticulars



Research and development

2007 2008 2009 2010 2011

Index of Loan Fund and Fixed Assets

Total Loan Fund Total Fixed Assets

Credit/Bond Analysis

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2007 2008 2009 2010 2011

2.84 2.08 1.00 2.88 3.773.40 2.33 1.54 3.37 4.143.34 2.32 1.54 3.35 4.124.03 3.03 2.63 4.04 4.780.63 0.72 0.72 0.72 0.728.76 6.73 5.12 7.68 8.49

9.40 10.26 12.33 13.66 15.95

9.40 10.26 12.33 13.66 15.95

26.89 27.66 22.73 25.26 27.400.92 2.36 3.20 4.19 6.13

32.58 24.33 22.52 30.42 30.99101.91 101.97 103.50 102.47 102.2612.72 8.46 8.02 13.52 15.2910.66 7.56 5.64 11.59 13.9514.99 10.96 11.55 15.99 17.4327.54 19.83 24.78 31.98 29.57

30.47 20.38 10.39 21.43 23.96

36.38 22.79 14.79 25.00 26.263.23 2.48 1.87 3.04 3.54

5.01 5.07 3.63 4.09 3.1710.27 8.18 6.90 7.23 6.42

8.88 10.90 12.67 12.15 13.48

0.30 0.37 0.32 0.29 0.31

1.74 2.33 3.73 3.39 3.60

1.74 2.33 3.73 3.39 3.601.74 2.33 3.73 3.39 3.60NA NA NA NA NA

17.94 29.12 40.01 21.37 17.47

15.65 23.89 27.88 18.07 15.2182.06 70.88 59.99 78.63 82.53

84.35 76.11 72.12 81.93 84.79

0.07 0.08 0.06 0.08 0.09

2.43 2.01 2.29 3.46 4.00

2.04 1.81 1.97 2.67 3.11

Ratio Analysis‐Annual

Book Value Per Share (Including Treasury Stocks)

Particulars

Financial Charges Coverage Ratio (Pre Tax)

Financial Charges Coverage Ratio (Post Tax)

Effective Tax Rate

Current Ratio

Current Ratio (Including St. Loans)

Quick RatioInventory Turnover Ratio

Dividend Payout RatioDividend Pay out Ratio (Cash

Profit)Earning Retention Ratio

Cash Earning Retention Ratio

Adjusted Cash flow Time Total Debt

Liquidity Ratio

Payout Ratio(%)

Coverage Ratio

Fixed Assets Turnover Ratio

Leverage Ratio

Operating MarginGross Profit marginNet profit Margin

Normalized Net Profit MarginAdjusted Cash Margin

Normalized Return on Net Worth (Excluding Treasury

Stock)

Reported Return on Net Worth (Excluding Treasury Stock) Return on Long Term Fund

Normalized EPSBasic EPS

Total Debt/EquityOwned Fund as % of Total

Fund

Diluted EPSAdjusted Cash EPSDividend Per Share

Operating Profit per Share

Book Value Per Share (Excluding Treasury Stocks)

Net Operating Income Per Share

Free Reserve Per Share

Long term Debt/Equity

Per Share Ratio

Profitability Ratio (%) 2007 2008 2009 2010 2011

EPS Trend

Normalized EPS Basic EPS

Diluted EPS

2007 2008 2009 2010 2011

Debt‐Equity Ratio

Long term Debt/Equity

Total Debt/Equity

2007 2008 2009 2010 2011

Liquidity Ratio

Current Ratio

Current Ratio (Including St. Loans)

Quick Ratio


2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1

6.36 6.85 6.90 7.15 7.02

2.13 2.19 2.13 2.16 2.230.97 1.07 1.03 1.01 1.07

33.47 31.97 30.86 30.16 31.7733.47 31.97 30.86 30.16 31.7730.50 28.58 28.06 27.93 28.6615.44 15.80 15.16 14.33 15.34

2011 Q4 % of Sales 2012 Q1 % of Sales Changes32282.00 100.00 32846.00 100.00 1.75(918.00) (2.84) (945.00) (2.88) 2.94

33200.00 102.84 33791.00 102.88 1.7819988.00 61.92 20377.00 62.04 1.95

0.00 0.00 0.00 0.00 NA(3018.00) (9.35) (3171.00) (9.65) 5.0710194.00 31.58 10243.00 31.18 0.48

0.00 0.00 0.00 0.00 NA10194.00 31.58 10243.00 31.18 0.48

918.00 2.84 945.00 2.88 2.949276.00 28.73 9298.00 28.31 0.242320.00 7.19 2301.00 7.01 (0.82)6956.00 21.55 6997.00 21.30 0.592057.00 6.37 2019.00 6.15 (1.85)4899.00 15.18 4978.00 15.16 1.61

36.00 0.11 36.00 0.11 0.004935.00 15.29 5014.00 15.27 1.60

0.00 0.00 0.00 0.00 NA

4.21 4.27 1.3527.76 28.17 1.49

Ratio Analysis‐Quarter

TTM Analysis

Particulars

EPSSPS

DepreciationEBIT

Interest expensesEBTTaxEAT




Research and development other operating Operating profit

Other non‐operating EBITDA

Operating Profit MarginEBITDA MarginEBIT MarginPAT Margin

Per Share Ratio

Profitability Ratio


Operating Income Per Share(Rs.)

Operating Profit Per Share(Rs.)

Adjusted EPS(Rs.)

2011 Q12011 Q22011 Q32011 Q42012 Q1

Per Share Ratio (QoQ)

Operating Income Per Share(Rs.)Operating Profit Per Share(Rs.)Adjusted EPS(Rs.)

102.84

102.88

31.58

31.18

31.58

31.18

28.73

28.31

21.55

21.30

15.18

15.16

15.29

15.27

2011 Q4

2012 Q1

Profit Margins (TTM)

Gross profit Operating profit EBITDA EBIT EBT EAT Reported profit

Fundamental Analysis and Modeling

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63.3365.0072.0050.0021.00

Quarter Ending Jun‐12

Quarter Ending Sep‐12

Year Ending Dec‐12

Year Ending Dec‐13

8108.39 8096.58 32150.00 34429.001.09 1.07 4.33 4.79(1.06) (0.61) (0.41) 7.09

Valuation and Projection

Projection

SalesEPS

Growth

Performance Over Industry

Median TargetHigh TargetLow Target

No. of Analyst

Price EstimatesAverage Target

Company IndustryParticularsDividend Yield

Dividend Yield ‐ 5 Year Avg.

Dividend 5 Year Growth RatePayout Ratio(TTM)Quick Ratio (MRQ)Current Ratio (MRQ)

LT Debt to Equity (MRQ)Total Debt to Equity (MRQ)Interest Coverage (TTM)Gross Margin (TTM)

Gross Margin ‐ 5 Yr. Avg.EBITD Margin (TTM)EBITD ‐ 5 Yr. Avg

Operating Margin (TTM)

Operating Margin ‐ 5 Yr. Avg.Pre‐Tax Margin (TTM)

Pre‐Tax Margin ‐ 5 Yr. Avg.Net Profit Margin (TTM)

Net Profit Margin ‐ 5 Yr. Avg.

Effective Tax Rate (TTM)

Effective Tax Rate ‐ 5 Yr. Avg.

Revenue/Employee (TTM)

Net Income/Employee (TTM)

Receivable Turnover (TTM)

Inventory Turnover (TTM)

Asset Turnover (TTM)

Return on Assets (TTM)

Return on Assets ‐ 5 Yr. Avg.

Return on Investment (TTM)

Return on Investment ‐ 5 Yr. Avg.

Return on Equity (TTM)

Return on Equity ‐ 5 Yr. Avg.

1.51.74

4.7817.64‐‐‐‐

285.55304.433.67‐‐10033.0728.7521.3

16.4421.316.4415.16

11.88

28.86

27.74

525536

79648

0.61

‐‐

0.22

3.37

2.63

3.73

3

26.32

25.84

1.851.61

17.3318.770.171.13359.67394.640.1441.4260.63‐‐

29.2730.37

21.7730.5421.72

2.36

2.41

3.09

3.1

19.44

19.79

21.44

14.84

27.98

32.02

1081578

94373

23.31

11.6

0.1

26%

26%41%

7% 0%

Analyst Recommendation

Strong Buy Buy Hold Underperform Sell

8%7%

2%

7%

Q1 Q2 Q3 Q4

Earning Surprise

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Price 53.43 AS On: 6/1/2012

EMA(13) 56.85 ADX 18

EMA(26) 56.78 DX 45

EMA(50) 55.18 +DI 14

EMA(200) 49.39 ‐DI 37

RSI(14) 28.08 %K(Fast) 0

MACD 0.06 %K(Slow) 3.85

William(%R) ‐100.00 %d(Slow) 9.82

Technical Indicators

Technical Analysis

0

2000000

4000000

6000000

8000000

10000000

12000000

14000000

16000000

0

10

20

30

40

50

60

70

22‐Nov 1‐Feb 16‐Apr

Price Chart

Volume Adj Close EMA(200) EMA(50)

‐1.000.001.002.003.00

MACD Signal line

020406080100

RSI(14)

Technical AnalysisGet a Free Quote


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