financial analysis - nuance communications, inc. provides speech and imaging solutions for businesse
DESCRIPTION
ÂTRANSCRIPT
30.04.2013
Ticker: Nuance Communications Inc Benchmark:
Currency: NASDAQ GS: NUAN, Currency: USD S&P 500 INDEX (SPX)
Sector: Information Technology Industry: Software Year:
Telephone 1-781-565-5000 Revenue (M) Business Segments in USD Sales (M) Geographic Segments in USD Sales (M)
Website www.nuance.com No of Employees Healthcare and Dictation 669 United States 1175
Address 1 Wayside Road Burlington, MA 01803 United States Mobile and Enterprise 508 International 476
Share Price Performance in USD Enterprise 332
Price 19.14 1M Return -5.2% Imaging 228
52 Week High 25.89 6M Return -14.4% Acquisition related revenue -87
52 Week Low 18.00 52 Wk Return -21.7%
52 Wk Beta 1.60 YTD Return -14.3%
Credit Ratings
Bloomberg IG8
S&P BB- Date 11.02.2011 Outlook STABLE
Moody's Ba3 Date - Outlook STABLE
Fitch - Date - Outlook -
Valuation Ratios
9/09 9/10 9/11 9/12 9/13E 9/14E 9/15E
P/E - 70.8x 52.7x 26.3x 10.6x 9.4x 8.8x
EV/EBIT 56.8x 61.1x 68.5x 45.3x - - -
EV/EBITDA 21.0x 20.8x 24.9x 23.0x 8.5x 7.6x 7.1x
P/S 4.0x 4.0x 4.7x 4.6x 2.8x 2.5x 2.3x
P/B 2.0x 2.0x 2.5x 2.8x 2.1x 1.9x 1.8x
Div Yield 0.0% 0.0% 0.0% - - - 0.0%
Profitability Ratios %
9/09 9/10 9/11 9/12 9/13E 9/14E 9/15E
Gross Margin 62.2 63.4 62.1 63.4 67.2 66.9 65.6
EBITDA Margin 22.4 21.3 20.3 23.0 40.2 39.6 39.6
Operating Margin 8.3 7.3 7.4 11.7 31.4 32.7 36.1
Profit Margin -2.0 -1.7 2.9 12.5 27.2 27.7 29.2
Return on Assets -0.6 -0.5 1.0 4.2 -0.2 1.0 -
Return on Equity -1.1 -0.9 1.6 7.9 6.9 2.3 -
Leverage and Coverage Ratios
9/09 9/10 9/11 9/12
Current Ratio 1.9 2.2 1.8 1.8 Current Capitalization in USD
Quick Ratio 1.7 1.9 1.6 1.6 Common Shares Outstanding (M) 312.1
EBIT/Interest 1.7 2.0 2.7 2.3 Market Capitalization (M) 6053.5
Tot Debt/Capital 0.3 0.3 0.3 0.4 Cash and ST Investments (M) 1005.3
Tot Debt/Equity 0.4 0.4 0.3 0.8 Total Debt (M) 2341.6
Eff Tax Rate % 192.3 - - - Preferred Equity (M) 4.6
LT Investments in Affiliate Companies (M) 0.0
Investments (M) 0.0
Enterprise Value (M) 7394.4
Nuance Communications, Inc. provides speech and imaging solutions for businesses
and consumers around the world. The Company's products include a speech
recognizer, call steering, and a product that converts text into speech.
NUAN US
1'652
12'000
Company Analysis - Overview
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
Nuance Communications Inc
Target price in USD
Date Buy Hold Sell Date Price Target Price Broker Analyst Recommendation Target Date
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Company Analysis - Analysts Ratings
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
30.04.2013
Nuance Communications Inc
Ownership Statistics Geographic Ownership Distribution
Shares Outstanding (M) 312.1 United States 86.48%
Float 83.9% Unknown Country 2.49%
Short Interest (M) 24.6 Britain 2.05%
Short Interest as % of Float 9.39% Netherlands 1.82%
Days to Cover Shorts 4.16 Luxembourg 1.29%
Institutional Ownership 96.34% Japan 1.05%
Retail Ownership 1.20% Bermuda 0.90%
Insider Ownership 2.46% Others 3.93%
Institutional Ownership Distribution
Investment Advisor 67.64%
Private Equity 13.78%
Hedge Fund Manager 12.34%
Individual 2.49%
Pricing data is in USD Others 3.74%
Top 20 Owners:
Holder Name Position Position Change Market Value % of Ownership Report Date Source Country
WARBURG PINCUS LLC 53'004'254 0 1'014'501'422 16.76% 31.12.2012 13F UNITED STATES
WARBURG PINCUS LLC 43'058'531 -9'945'723 824'140'283 13.61% 14.03.2013 13D UNITED STATES
T ROWE PRICE ASSOCIA 29'398'004 -6'904'115 562'677'797 9.30% 31.12.2012 13F UNITED STATES
ICAHN ASSOCIATES COR 29'329'291 0 561'362'630 9.27% 20.03.2013 13G UNITED STATES
FMR LLC 17'851'319 2'757'603 341'674'246 5.64% 31.03.2013 ULT-AGG UNITED STATES
VANGUARD GROUP INC 12'376'660 914'836 236'889'272 3.91% 31.03.2013 13F UNITED STATES
AMERIPRISE FINANCIAL 11'852'538 -214'677 226'857'577 3.75% 31.12.2012 13F UNITED STATES
BLACKROCK 11'389'347 730'503 217'992'102 3.60% 26.04.2013 ULT-AGG UNITED STATES
PRIMECAP MANAGEMENT 10'227'210 -715'000 195'748'799 3.23% 31.12.2012 13F UNITED STATES
FRANKLIN RESOURCES 9'958'317 1'280'271 190'602'187 3.15% 31.03.2013 ULT-AGG UNITED STATES
ALLIANZ ASSET MANAGE 6'623'224 206'337 126'768'507 2.09% 31.03.2013 ULT-AGG GERMANY
INVESCO LTD 5'228'721 -21'414 100'077'720 1.65% 29.04.2013 ULT-AGG
STATE STREET 4'667'315 259'356 89'332'409 1.48% 29.04.2013 ULT-AGG UNITED STATES
RICCI PAUL A 4'125'444 0 78'960'998 1.30% 24.04.2013 Form 4 n/a
WESTFIELD CAPITAL MG 3'948'645 338'110 75'577'065 1.25% 31.12.2012 13F UNITED STATES
FAIRPOINTE CAPITAL L 3'843'339 104'968 73'561'508 1.22% 31.12.2012 13F UNITED STATES
STERLING CAPITAL MAN 3'549'830 3'251'234 67'943'746 1.12% 31.03.2013 13F UNITED STATES
PIONEER INVESTMENT M 3'545'481 593'927 67'860'506 1.12% 31.12.2012 13F UNITED STATES
LUTHER KING CAPITAL 2'994'953 -6'741 57'323'400 0.95% 31.12.2012 13F UNITED STATES
LORD ABBETT & CO LLC 2'812'375 58'903 53'828'858 0.89% 31.12.2012 13F UNITED STATES
Top 5 Insiders:
Holder Name Position Position Change Market Value % of Ownership Report Date Source
RICCI PAUL A 4'125'444 78'960'998 1.30% 24.04.2013 Form 4
BEAUDOIN THOMAS LINWOOD 617'331 -5'000 11'815'715 0.20% 01.04.2013 Form 4
CHAMBERS STEVEN G 492'753 9'431'292 0.16% 17.12.2012 Form 4
NELSON WILLIAM KENNET 322'210 -16'559 6'167'099 0.10% 15.04.2013 Form 4
DILLIONE JANET D 295'160 -16'565 5'649'362 0.09% 15.04.2013 Form 4
Company Analysis - Ownership
Ownership Type
97%
1%2%
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Geographic Ownership
87%
4%
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TOP 20 ALL
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
Nuance Communications Inc
Financial information is in USD (M)
Periodicity: 9/02 9/03 9/04 9/05 9/06 9/07 9/08 9/09 9/10 9/11 9/12 9/13E 9/14E 9/15E
Income Statement
Revenue 107 135 131 232 389 602 868 950 1'119 1'319 1'652 2'160 2'444 2'605
- Cost of Goods Sold 16 26 42 60 108 185 316 360 409 500 605
Gross Income 90 109 89 172 280 417 553 591 710 819 1'047 1'451 1'636 1'709
- Selling, General & Admin Expenses 83 112 96 163 273 378 510 512 628 722 853
(Research & Dev Costs) 28 34 26 39 59 80 115 117 152 179 225
Operating Income 8 -3 -7 9 7 39 42 79 81 97 193 679 799 941
- Interest Expense 0 1 0 2 18 37 55 47 41 37 85
- Foreign Exchange Losses (Gains) 0 0 0 0 0 0 0 0
- Net Non-Operating Losses (Gains) 1 2 1 6 -3 -6 3 11 41 31 43
Pretax Income 7 -6 -8 1 -7 8 -16 21 -1 30 65 628 750 858
- Income Tax Expense 0 -0 1 7 15 23 15 40 18 -8 -142
Income Before XO Items 6 -6 -9 -5 -22 -14 -30 -19 -19 38 207
- Extraordinary Loss Net of Tax 0 0 0 1 0 0 0 0 0
- Minority Interests 0 0 0 0 0 0 0 0
Diluted EPS Before XO Items 0.09 (0.07) (0.09) (0.05) (0.13) (0.08) (0.14) (0.08) (0.07) 0.12 0.65
Net Income Adjusted* 19 11 23 45 65 134 217 259 283 381 589 676 761
EPS Adjusted 0.25 0.12 0.20 0.24 0.32 0.56 0.79 0.86 0.90 1.19 1.81 2.03 2.17
Dividends Per Share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratio % 0.0 0.0 0.00
Total Shares Outstanding 63 103 106 157 170 193 229 277 298 309 312
Diluted Shares Outstanding 73 79 104 119 164 176 210 254 287 316 321
EBITDA 21 12 6 27 46 89 141 213 239 268 380 869 968 1'032
*Net income excludes extraordinary gains and losses and one-time charges.
Equivalent Estimates
Company Analysis - Financials I/IV
Fiscal Year
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
Periodicity: 9/02 9/03 9/04 9/05 9/06 9/07 9/08 9/09 9/10 9/11 9/12 9/13E 9/14E 9/15E
Balance Sheet
Total Current Assets 40.429 94.6790009 73.488 174.901993 263.321014 421.615997 515.283 795.827 841.642 854.927 1701.306
+ Cash & Near Cash Items 19 43 23 72 112 184 262 527 517 447 1'130
+ Short Term Investments 0 0 7 24 3 0 0 5 31 0
+ Accounts & Notes Receivable 17 40 37 70 131 210 204 200 218 280 381
+ Inventories 1 0 0 0 7 8 7 9 9 11 11
+ Other Current Assets 3 11 6 9 14 17 43 61 94 85 179
Total Long-Term Assets 103 307 319 582 972 1'751 2'331 2'704 2'928 3'240 4'098
+ Long Term Investments 0 0 17 0 0 28 0 0
Gross Fixed Assets 9 16 20 31 55 73 95 118 149 192 255
Accumulated Depreciation 7 9 12 17 24 35 49 65 87 113 139
+ Net Fixed Assets 3 7 8 14 31 38 46 53 62 78 116
+ Other Long Term Assets 100 300 294 568 941 1'714 2'284 2'650 2'838 3'162 3'982
Total Current Liabilities 24 50 46 163 212 257 382 419 382 475 965
+ Accounts Payable 7 7 8 17 28 56 32 60 79 83 113
+ Short Term Borrowings 3 1 0 28 4 7 7 7 8 7 380
+ Other Short Term Liabilities 13 42 37 118 180 194 343 353 296 385 471
Total Long Term Liabilities 1 48 45 80 446 1'038 1'040 1'037 1'090 1'127 2'088
+ Long Term Borrowings 0 28 28 0 350 900 894 849 851 853 1'736
+ Other Long Term Borrowings 1 20 18 80 96 138 145 188 239 274 352
Total Liabilities 24 99 91 243 658 1'295 1'421 1'456 1'473 1'602 3'052
+ Long Preferred Equity 5 5 5 5 5 5 5 5 5 5 5
+ Minority Interest 0 0 0 0 0 0 0 0 0
+ Share Capital & APIC 270 464 476 700 773 1'078 1'659 2'309 2'582 2'746 2'927
+ Retained Earnings & Other Equity -155 -166 -179 -190 -201 -205 -238 -271 -290 -258 -185
Total Shareholders Equity 119 303 302 515 577 878 1'425 2'043 2'297 2'493 2'747
Total Liabilities & Equity 144 402 393 757 1'235 2'173 2'846 3'499 3'770 4'095 5'799
Book Value Per Share 1.81 2.91 2.81 3.26 3.36 4.52 6.19 7.36 7.69 8.06 8.79 9.25 9.99 10.55
Tangible Book Value Per Share 0.28 0.01 0.06 -0.26 -2.04 -3.97 -3.58 -2.02 -1.58 -1.91 -3.59
Company Analysis - Financials II/IV
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
Periodicity: 9/02 9/03 9/04 9/05 9/06 9/07 9/08 9/09 9/10 9/11 9/12 9/13E 9/14E 9/15E
Cash Flows
Net Income 6 -6 -9 -5 -23 -14 -30 -19 -19 38 207 -10 114 206
+ Depreciation & Amortization 13 15 13 18 38 50 99 134 157 171 187
+ Other Non-Cash Adjustments 1 2 2 4 38 65 83 104 125 144 49
+ Changes in Non-Cash Capital -8 -6 0 -1 9 5 44 40 33 4 30
Cash From Operating Activities 12 5 6 16 62 106 196 259 296 357 473
+ Disposal of Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
+ Capital Expenditures -2 -3 0 -5 -8 -13 -18 -20 -26 -46 -63 -62 -59 -85
+ Increase in Investments 0 0 -25 0 0 0 0 0 0 0
+ Decrease in Investments 0 0 0 0 0 0 0 0 0 0
+ Other Investing Activities -4 27 -0 -40 -362 -565 -428 -165 -290 -380 -862
Cash From Investing Activities -6 24 -25 -45 -370 -578 -446 -185 -316 -426 -924
+ Dividends Paid 0 0 0 0 0 0 0 0 0 0
+ Change in Short Term Borrowings 0 0 0 0 0 0 0 0 0
+ Increase in Long Term Borrowings 0 0 0 346 551 0 0 0 0 1'365
+ Decrease in Long Term Borrowings 0 -11 -1 -0 -14 -18 -19 -16 -18 -18 -15
+ Increase in Capital Stocks 8 10 7 80 32 33 336 216 43 54 24
+ Decrease in Capital Stocks -7 -3 -0 -0 -1 -6 -1 -0 -1 0 -200
+ Other Financing Activities -3 -2 -3 -2 -14 -17 11 -8 -15 -37 -40
Cash From Financing Activities -2 -6 3 77 349 543 327 191 9 -1 1'134
Net Changes in Cash 5 24 -16 49 41 72 77 265 -10 -69 683
Free Cash Flow (CFO-CAPEX) 10 2 6 12 54 94 178 239 270 312 410 474 554 739
Free Cash Flow To Firm 10 5 33 196
Free Cash Flow To Equity 10 -8 5 11 386 627 159 223 252 294 1'760
Free Cash Flow per Share 0.15 0.03 0.06 0.11 0.33 0.53 0.85 0.94 0.94 1.03 1.34
Company Analysis - Financials III/IV
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
Periodicity: 9/02 9/03 9/04 9/05 9/06 9/07 9/08 9/09 9/10 9/11 9/12 9/13E 9/14E 9/15E
Ratio Analysis
Valuation Ratios
Price Earnings 20.8x 44.3x 24.2x 29.2x 128.7x 14.0x 70.8x 52.7x 26.3x 10.6x 9.4x 8.8x
EV to EBIT 41.7x 83.3x 229.3x 114.5x 81.1x 56.8x 61.1x 68.5x 45.3x
EV to EBITDA 15.3x 43.0x 68.1x 28.1x 35.9x 50.2x 24.3x 21.0x 20.8x 24.9x 23.0x 8.4x 7.6x 7.1x
Price to Sales 3.3x 3.1x 3.2x 2.5x 3.4x 5.7x 2.9x 4.0x 4.0x 4.7x 4.6x 2.8x 2.5x 2.3x
Price to Book 2.9x 1.8x 1.5x 1.6x 2.4x 4.3x 2.0x 2.0x 2.0x 2.5x 2.8x 2.1x 1.9x 1.8x
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Profitability Ratios
Gross Margin 84.6% 80.7% 68.1% 74.2% 72.2% 69.3% 63.7% 62.2% 63.4% 62.1% 63.4% 67.2% 66.9% 65.6%
EBITDA Margin 19.5% 9.2% 4.7% 11.8% 11.7% 14.7% 16.3% 22.4% 21.3% 20.3% 23.0% 40.2% 39.6% 39.6%
Operating Margin 7.2% -2.0% -5.5% 4.0% 1.8% 6.5% 4.9% 8.3% 7.3% 7.4% 11.7% 31.4% 32.7% 36.1%
Profit Margin 5.9% -4.1% -7.2% -2.3% -5.9% -2.3% -3.5% -2.0% -1.7% 2.9% 12.5% 27.2% 27.7% 29.2%
Return on Assets 4.4% -2.0% -2.4% -0.9% -2.3% -0.8% -1.2% -0.6% -0.5% 1.0% 4.2% -0.2% 1.0%
Return on Equity 5.6% -2.7% -3.1% -1.3% -4.2% -1.9% -2.6% -1.1% -0.9% 1.6% 7.9% 6.9% 2.3%
Leverage & Coverage Ratios
Current Ratio 1.71 1.88 1.61 1.07 1.24 1.64 1.35 1.90 2.20 1.80 1.76
Quick Ratio 1.53 1.64 1.47 1.02 1.15 1.55 1.22 1.73 1.93 1.60 1.57
Interest Coverage Ratio (EBIT/I) 20.72 -3.49 -21.15 5.63 0.41 1.07 0.77 1.67 1.99 2.65 2.27
Tot Debt/Capital 0.03 0.09 0.09 0.05 0.38 0.51 0.39 0.30 0.27 0.26 0.44
Tot Debt/Equity 0.03 0.09 0.09 0.05 0.61 1.03 0.63 0.42 0.37 0.34 0.77
Others
Asset Turnover 0.75 0.50 0.33 0.40 0.39 0.35 0.35 0.30 0.31 0.34 0.33
Accounts Receivable Turnover 7.20 4.71 3.41 4.38 3.88 3.54 4.20 4.72 5.36 5.30 4.99
Accounts Payable Turnover 2.77 3.53 5.46 4.72 5.08 4.46 7.22 7.92 5.93 6.23 6.18
Inventory Turnover 18.79 31.32 104.32 174.70 30.43 24.97 41.63 45.87 47.81 50.10 53.24
Effective Tax Rate 3.9% 488.3% 265.1% 192.3%
Company Analysis - Financials IV/IV
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
NUANCE
COMMUNICAMICROSOFT CORP IBM ADOBE SYS INC GOOGLE INC-CL A CISCO SYSTEMS OMTOOL LTD IRIS SYMANTEC CORP
09/2012 06/2012 12/2012 11/2012 12/2012 07/2012 12/2007 12/2012 03/2012
25.89 32.84 215.90 45.59 844.00 21.98 6.70 44.52 24.91
13.09.2012 25.04.2013 15.03.2013 29.04.2013 06.03.2013 11.03.2013 16.05.2012 04.04.2013 08.03.2013
18.00 26.26 181.85 29.52 556.52 14.96 3.10 26.60 13.06
01.03.2013 05.12.2012 12.07.2012 12.07.2012 14.06.2012 25.07.2012 08.03.2013 25.07.2012 24.07.2012
15'838'193 19'604'178 1'723'443 1'038'559 970'187 6'328'991 400 200 2'746'852
19.14 32.76 198.79 44.99 819.55 21.03 3.30 43.20 24.28
-26.1% -0.2% -7.9% -1.3% -2.9% -4.3% -50.7% -3.0% -2.5%
6.3% 24.8% 9.3% 52.4% 47.3% 40.5% 6.5% 62.4% 86.0%
312.1 8'381.0 1'117.4 494.1 330.0 5'298.0 4.6 1.8 724.0
6'052 273'582 221'549 22'582 271'278 112'105 16 81 16'734
2'115.9 11'944.0 33'269.0 1'509.8 5'537.0 16'328.0 1.6 5.5 2'039.0
4.6 - - - - - - - -
- - 124.0 - - 15.0 - - 78.0
1'129.8 63'040.0 11'129.0 3'538.4 49'557.0 48'716.0 2.3 11.0 3'211.0
7'388 213'294 243'076 20'466 224'849 82'030 15 74 15'558
LFY 1'651.5 73'723.0 104'507.0 4'403.7 50'175.0 46'061.0 16.5 100.0 6'730.0
LTM 1'813.8 76'012.0 103'242.0 4'366.3 54'703.0 47'252.0 16.2 100.0 6'839.0
CY+1 2'160.5 78'899.8 103'588.6 4'118.5 47'546.3 48'677.8 - 123.0 6'885.0
CY+2 2'443.6 84'767.9 106'372.5 4'512.0 55'173.4 51'367.1 - 129.0 6'998.0
LFY 4.7x 2.4x 2.5x 4.1x 4.3x 1.8x 0.5x 0.6x 1.7x
LTM 4.3x 2.3x 2.5x 4.1x 3.9x 1.7x 0.5x 0.4x 1.7x
CY+1 3.3x 2.6x 2.4x 4.8x 4.5x 2.1x - - 2.1x
CY+2 2.8x 2.2x 2.3x 4.4x 3.5x 1.8x - - 1.9x
LFY 380.4 30'923.0 25'119.0 1'477.0 15'722.0 12'971.0 (1.6) 7.7 1'795.0
LTM 372.2 30'645.0 25'121.0 1'296.0 16'160.0 13'372.0 (0.5) 8.6 1'834.0
CY+1 869.2 32'214.4 27'868.5 1'204.0 21'383.4 15'211.6 - 8.7 2'283.2
CY+2 967.6 35'428.6 29'375.5 1'438.3 25'240.6 15'691.9 - 9.6 2'458.5
LFY 20.3x 5.8x 10.3x 12.1x 13.7x 6.4x -5.2x 7.3x 6.3x
LTM 20.7x 5.8x 9.4x 13.8x 13.3x 6.2x - 6.5x 6.2x
CY+1 8.1x 6.3x 8.8x 16.6x 9.9x 6.8x - - 6.3x
CY+2 7.0x 5.3x 8.3x 13.9x 7.7x 5.8x - - 5.4x
LFY 0.95 2.73 15.25 1.62 34.02 1.60 -0.54 1.91 1.20
LTM 0.80 2.68 15.52 1.41 34.99 1.48 -0.27 1.99 1.22
CY+1 1.81 2.77 16.69 1.45 46.17 2.00 - 2.73 1.71
CY+2 2.03 3.08 18.34 1.80 53.26 2.11 - 3.10 1.93
LFY 23.8x 12.2x 12.8x 31.9x 23.4x 14.2x - 21.7x 19.9x
LTM 23.8x 12.2x 12.8x 31.9x 23.4x 14.2x - 22.6x 19.9x
CY+1 10.6x 11.8x 11.9x 31.0x 17.8x 10.5x - 15.8x 14.2x
CY+2 9.4x 10.6x 10.8x 25.1x 15.4x 10.0x - 13.9x 12.6x
1 Year 25.2% 5.4% (2.3%) 4.4% 32.4% 6.6% 20.0% (17.6%) 8.7%
5 Year 17.3% 7.5% (0.7%) 3.1% 22.2% 4.4% 3.4% 1.5% 3.4%
1 Year 41.8% 3.3% 0.1% 0.7% 15.7% 18.4% 67.7% - 8.9%
5 Year 33.8% 9.1% 6.1% 4.7% 21.0% 5.1% - 7.5% 5.1%
LTM 20.5% 40.3% 24.0% 29.7% 29.5% 28.3% (2.9%) 6.3% 26.8%
CY+1 40.2% 40.8% 26.9% 29.2% 45.0% 31.2% - 7.1% 33.2%
CY+2 39.6% 41.8% 27.6% 31.9% 45.7% 30.5% - 7.5% 35.1%
Total Debt / Equity % 77.2% 18.0% 176.4% 22.7% 7.7% 31.8% 203.3% 9.1% 40.0% FALSE FALSE FALSE FALSE FALSE FALSE
Total Debt / Capital % 43.5% 15.3% 63.7% 18.5% 7.2% 24.1% 67.0% 8.3% 28.3% FALSE FALSE FALSE FALSE FALSE FALSE
Total Debt / EBITDA 6.292x 0.463x 1.324x 1.192x 0.318x 1.218x - 0.543x 1.677x FALSE FALSE FALSE FALSE FALSE FALSE
Net Debt / EBITDA 3.591x -1.967x 0.881x -1.633x -2.873x -2.250x - -0.786x -0.641x FALSE FALSE FALSE FALSE FALSE FALSE
EBITDA / Int. Expense 4.460x 81.376x 52.660x 21.886x 187.167x 21.763x -9.390x 30.085x 15.609x FALSE FALSE FALSE FALSE FALSE FALSE
S&P LT Credit Rating BB- AAA AA- BBB+ AA A+ - - BBB FALSE FALSE FALSE FALSE FALSE FALSE
S&P LT Credit Rating Date 11.02.2011 22.09.2008 30.05.2012 25.01.2010 19.11.2012 10.02.2006 - - 13.09.2010 FALSE FALSE FALSE FALSE FALSE FALSE
Moody's LT Credit Rating Ba3 Aaa Aa3 Baa1 Aa2 A1 - - Baa2 FALSE FALSE FALSE FALSE FALSE FALSE
Moody's LT Credit Rating Date 06.08.2012 11.05.2009 23.11.2010 25.01.2010 16.05.2011 10.02.2006 - - 13.09.2010 FALSE FALSE FALSE FALSE FALSE FALSE
52-Week High Date
52-Week Low
Latest Fiscal Year:
52-Week High
Total Debt
Market Capitalization
Daily Volume
52-Week Low % Change
Current Price (4/dd/yy)
52-Week High % Change
Cash and Equivalents
EBITDA
EV/EBITDA
Enterprise Value
Valuation
Preferred Stock
52-Week Low Date
Minority Interest
Total Common Shares (M)
P/E
Revenue Growth
Total Revenue
EV/Total Revenue
EPS
EBITDA Growth
EBITDA Margin
Credit Ratings
Leverage/Coverage Ratios
Company Analysis - Peers Comparision
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