fundamental equity analysis - australia s&p/asx 200 components
DESCRIPTION
Fundamental Equity Analysis & Analyst Recommendations - Australia's S&P ASX 200 Index componentsTRANSCRIPT
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March 2012
A . M !SscnlmnA . M !Sscnlmn | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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27.02.2013
BHP Billiton Limited is an international resources company. The Company's
principal business lines are mineral exploration and production, including coal,
iron ore, gold, titanium, ferroalloys, nickel and copper concentrate, as well as
petroleum exploration, production, and refining. Dually-listed company with
BLT LN.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 39.34
52-Week Low (12.07.2012) 30.09
Daily Volume
36.69
52-Week High % Change -6.74% Dividend Yield 3.05
52-Week Low % Change 21.93% Beta 1.19
% 52 Week Price Range High/Low 67.68% Equity Float 3'193.77
Shares Out 30.06.2012 3'211.7 Short Int -
182'807.81 1 Yr Total Return 4.24%
Total Debt 28'330.00 YTD Return -1.11%
Preferred Stock 0.0 Adjusted BETA 1.190
Minority Interest 1'215.0 Analyst Recs 19
Cash and Equivalents 4'781.00 Consensus Rating 3.842
Enterprise Value 217'850.03
Average Volume 5 Day 12'325'000
BHP AT EQUITY YTD Change - Average Volume 30 Day 8'111'171
BHP AT EQUITY YTD % CHANGE - Average Volume 3 Month 7'972'941
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
59'473.0 50'211.0 52'798.0 71'739.0 72'226.0 - - 68'522.1 75'406.9 - -
3.93x 2.99x 3.44x 3.56x 2.70x - - 3.14x 2.82x - -
27'892.0 17'311.0 24'106.0 38'030.0 33'421.0 - - 29'030.4 34'724.0 - -
8.39x 8.67x 7.53x 6.71x 5.84x - - 7.50x 6.27x - -
15'390.0 5'877.0 13'034.0 23'648.0 15'417.0 - - 13'408.5 16'808.3 - -
15.19x 26.55x 13.95x 10.93x 11.12x - - 14.60x 12.00x - -
EBITDA 33'421.00 Long-Term Rating Date 15.11.2010
EBIT 27'013.00 Long-Term Rating A+
Operating Margin 37.40% Long-Term Outlook STABLE
Pretax Margin 31.87% Short-Term Rating Date 06.02.2008
Return on Assets 7.60% Short-Term Rating A-1
Return on Common Equity 14.89%
Return on Capital 10.48% EBITDA/Interest Exp. 44.27
Asset Turnover 0.52% (EBITDA-Capex)/Interest Exp. 18.79
Net Debt/EBITDA 1.37
Gross Margin - Total Debt/EBITDA 1.60
EBITDA Margin 33.2%
EBIT Margin 23.2% Total Debt/Equity 43.0%
Net Income Margin 21.3% Total Debt/Capital 29.7%
Asset Turnover 0.52
Current Ratio 0.93 Net Fixed Asset Turnover 0.72
Quick Ratio 0.43 Accounts receivable turnover-days 43.13
Debt to Assets 21.91% Inventory Days -
Tot Debt to Common Equity 43.01% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.49 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
BHP Billiton LtdPrice/Volume
Valuation Analysis
8'741'304.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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20'000.0
30'000.0
40'000.0
50'000.0
60'000.0
70'000.0
80'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 156'919'245 4.89 - 25.02.2013 Investment Advisor
NORGES BANK n/a EXCH 63'635'068 1.98 - 05.02.2013 Government
VANGUARD GROUP INC Multiple Portfolios MF-AGG 57'591'844 1.79 1'165'265 31.12.2012 Investment Advisor
AMP LIFE LTD n/a 20F 28'294'856 0.88 - 24.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 17'009'446 0.53 379'792 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO n/a 20F 13'990'941 0.44 - 24.08.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 10'617'239 0.33 874'883 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a 20F 8'024'309 0.25 - 24.08.2012 Investment Advisor
PERPETUAL TRUSTEE CO n/a 20F 7'569'447 0.24 - 24.08.2012 Corporation
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 7'057'193 0.22 (1'110'028) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 6'995'213 0.22 (596'155) 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a 20F 6'532'033 0.2 - 24.08.2012 Investment Advisor
NAVIGATOR AUSTRALIA n/a 20F 5'536'830 0.17 - 24.08.2012 Corporation
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 5'046'713 0.16 65'063 28.12.2012 Mutual Fund Manager
CI INVESTMENTS INC Multiple Portfolios MF-AGG 5'000'000 0.16 - 30.06.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 4'617'865 0.14 (930'416) 26.02.2013 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 4'171'450 0.13 (350'650) 30.06.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'126'849 0.13 (1'011'479) 31.12.2012 Investment Advisor
DJERRIWARRH INVESTME n/a Co File 2'303'000 0.07 - 30.06.2011 Investment Advisor
SJUNDE AP FONDEN Multiple Portfolios MF-AGG 2'044'017 0.06 171'652 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Sanford C. Bernstein & Co PAUL GAIT outperform 5 M 38 12 month 26.02.2013
Commonwealth Bank ANDREW HINES neutral 3 M 41 12 month 22.02.2013
Deutsche Bank PAUL-D YOUNG buy 5 M 43 12 month 21.02.2013
Nomura DAVID RADCLYFFE buy 5 M 41 Not Provided 21.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 40 12 month 20.02.2013
Investec TIM GERRARD hold 3 M 37 12 month 20.02.2013
Credit Suisse PAUL MCTAGGART neutral 3 M 40 Not Provided 20.02.2013
JPMorgan LYNDON FAGAN neutral 3 M 40 9 month 20.02.2013
CIMB PHILLIP CHIPPINDALE neutral 3 M 37 12 month 20.02.2013
RBC Capital Markets DES KILALEA outperform 5 M 34 12 month 14.02.2013
HSBC ANDREW KEEN neutral 3 M 39 Not Provided 08.02.2013
Macquarie ADRIAN WOOD neutral 3 M 39 12 month 23.01.2013
Goldman Sachs CRAIG SAINSBURY buy/attractive 5 M 42 12 month 16.01.2013
Barclays EPHREM RAVI overweight 5 M 45 Not Provided 15.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
BMO Capital Markets TONY ROBSON outperform 5 M 42 Not Provided 23.02.2010
Wise-owl.com JOSH TERLICH long-term buy 5 N #N/A N/A Not Provided 28.11.2008
Holdings By:
BHP Billiton Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Commonwealth Bank of Australia provides banking, life insurance and related
services for individuals, small businesses and medium sized commercial
enterprises. The Bank provides corporate and general banking, international
financing, institutional banking and stock broking and funds management such as
superannuation product.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (15.02.2013) 67.74
52-Week Low (08.03.2012) 47.50
Daily Volume
66.01
52-Week High % Change -2.55% Dividend Yield 5.47
52-Week Low % Change 38.97% Beta 0.96
% 52 Week Price Range High/Low 88.78% Equity Float 1'558.53
Shares Out 31.12.2012 1'609.2 Short Int -
106'222.03 1 Yr Total Return 41.68%
Total Debt 168'660.00 YTD Return 8.81%
Preferred Stock 0.0 Adjusted BETA 0.957
Minority Interest 531.0 Analyst Recs 17
Cash and Equivalents 30'552.00 Consensus Rating 2.353
Enterprise Value -
Average Volume 5 Day 4'627'061
CBA AT EQUITY YTD Change - Average Volume 30 Day 4'880'606
CBA AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'334'893
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
35'969.0 37'721.0 39'647.0 44'286.0 45'481.0 - - 21'476.5 22'213.8 - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
4'791.0 4'723.0 5'664.0 6'394.0 7'090.0 - - 7'445.9 7'752.9 - -
11.07x 11.85x 13.22x 12.72x 11.83x - - 14.44x 13.92x - -
EBITDA - Long-Term Rating Date 01.12.2011
EBIT - Long-Term Rating AA-
Operating Margin 49.15% Long-Term Outlook STABLE
Pretax Margin 48.98% Short-Term Rating Date 13.06.1996
Return on Assets 1.00% Short-Term Rating A-1+
Return on Common Equity 17.47%
Return on Capital 3.51% EBITDA/Interest Exp. -
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 411.0%
Net Income Margin 34.8% Total Debt/Capital 80.2%
Asset Turnover 0.06
Current Ratio - Net Fixed Asset Turnover 17.47
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 23.48% Inventory Days -
Tot Debt to Common Equity 410.95% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Commonwealth Bank of AustraliaPrice/Volume
Valuation Analysis
2'175'774.00
Current Price (2/dd/yy) Market Data
-
.-
/-
0-
1-
2-
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4-
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5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
35'000.0
40'000.0
45'000.0
50'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 41'822'942 2.6 - 24.08.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 27'733'995 1.72 60'280 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 18'526'606 1.15 84'696 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 13'795'362 0.86 895'434 03.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 9'243'764 0.57 327'234 30.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 8'704'067 0.54 (423'702) 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 8'527'900 0.53 - 03.08.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'922'878 0.24 173'914 31.08.2011 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 3'878'234 0.24 2'847'414 31.12.2012 Investment Advisor
AUSTRALIAN REWARD IN n/a Co File 3'619'024 0.22 - 05.08.2011 Investment Advisor
MILTON CORP LTD n/a Co File 3'013'225 0.19 - 03.08.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 2'998'879 0.19 - 03.08.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 2'777'895 0.17 70'000 03.08.2012 Investment Advisor
NAVIGATOR AUSTRALIA n/a Co File 2'647'807 0.16 - 03.08.2012 Corporation
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 2'473'457 0.15 39'522 28.12.2012 Mutual Fund Manager
PERPETUAL TRUSTEE CO n/a Co File 2'453'418 0.15 - 05.08.2011 Corporation
QUESTOR FINANCIAL SE n/a Co File 2'200'705 0.14 - 03.08.2012 Private Equity
SUNCORP CUSTODIAN SE n/a Co File 1'969'648 0.12 - 05.08.2011 Holding Company
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 1'247'000 0.08 - 30.06.2011 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'034'187 0.06 (30'418) 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura VICTOR GERMAN neutral 3 U 63 Not Provided 27.02.2013
Evans & Partners Pty Ltd GEORGE GABRIEL negative 2 D #N/A N/A Not Provided 21.02.2013
EVA Dimensions AUSTIN BURKETT underweight 1 D #N/A N/A Not Provided 18.02.2013
Morgan Stanley RICHARD E WILES Equalwt/In-Line 3 M 61 12 month 14.02.2013
Macquarie MICHAEL WIBLIN neutral 3 M 64 12 month 14.02.2013
Deutsche Bank JAMES FREEMAN hold 3 M 66 12 month 13.02.2013
Goldman Sachs BENJAMIN KOO Sell/Neutral 1 M 52 12 month 13.02.2013
Credit Suisse JARROD MARTIN underperform 1 M 60 Not Provided 13.02.2013
JPMorgan SCOTT MANNING underweight 1 M 59 3 month 13.02.2013
CIMB JOHN BUONACCORSI underperform 1 D 57 12 month 13.02.2013
BBY Limited BRETT LE MESURIER buy 5 M 70 12 month 13.02.2013
Bell Potter T S LIM buy 5 M 70 12 month 13.02.2013
Shaw Stockbroking TIM BUCKLEY accumulate 4 M #N/A N/A Not Provided 18.01.2010
Holdings By:
Commonwealth Bank of Australia ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Westpac Banking Corporation offers general and savings banking services. The
Company provides investment portfolio management and advice, insurance services,
consumer finance, and money market services among other services. Westpac
Banking Corp. serves individuals, businesses, and corporations worldwide.
Latest Fiscal Year: 09/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 30.72
52-Week Low (04.06.2012) 20.00
Daily Volume
30.2
52-Week High % Change -1.69% Dividend Yield 5.50
52-Week Low % Change 51.00% Beta 1.14
% 52 Week Price Range High/Low 95.43% Equity Float 3'040.12
Shares Out 20.12.2012 3'103.7 Short Int -
93'732.62 1 Yr Total Return 56.29%
Total Debt 174'646.00 YTD Return 15.98%
Preferred Stock 0.0 Adjusted BETA 1.142
Minority Interest 1'970.0 Analyst Recs 17
Cash and Equivalents 24'644.00 Consensus Rating 3.235
Enterprise Value -
Average Volume 5 Day 8'523'349
WBC AT EQUITY YTD Change - Average Volume 30 Day 6'573'229
WBC AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'004'784
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 01/yy 01/yy 09/13 Y 09/14 Y - -
33'007.0 35'313.0 39'173.0 42'969.0 42'308.0 - - 18'772.0 19'489.5 - -
- - - - - - - 3.73x 3.54x - -
- - - - - - - - - - -
- - - - - - - - - - -
3'859.0 3'446.0 6'346.0 6'991.0 5'970.0 - - 6'850.6 7'159.5 - -
10.43x 20.95x 10.85x 8.73x 12.69x - - 13.96x 13.49x - -
EBITDA - Long-Term Rating Date 01.12.2011
EBIT - Long-Term Rating AA-
Operating Margin 50.04% Long-Term Outlook STABLE
Pretax Margin 49.41% Short-Term Rating Date 11.09.1996
Return on Assets 0.89% Short-Term Rating A-1+
Return on Common Equity 13.87%
Return on Capital 2.61% EBITDA/Interest Exp. -
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 394.7%
Net Income Margin 33.3% Total Debt/Capital 79.1%
Asset Turnover 0.06
Current Ratio - Net Fixed Asset Turnover 36.87
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 25.87% Inventory Days -
Tot Debt to Common Equity 394.69% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Westpac Banking CorpPrice/Volume
Valuation Analysis
3'833'221.00
Current Price (2/dd/yy) Market Data
-
2
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0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
35'000.0
40'000.0
45'000.0
50'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 97'603'344 3.14 (81'301'352) 18.05.2012 Bank
WESTPAC BANKING CORP n/a EXCH 60'312'493 1.94 4'631'708 22.11.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 53'653'139 1.73 123'107 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 35'260'451 1.14 21'804 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 18'476'000 0.6 - 29.06.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 17'867'376 0.58 621'056 30.09.2012 Mutual Fund Manager
CAPITAL GROUP COMPAN n/a ULT-AGG 10'176'077 0.33 - 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 9'146'851 0.29 - 30.06.2011 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 7'390'421 0.24 211'701 31.08.2011 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 5'656'759 0.18 (118'442) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 5'105'285 0.16 (23'933) 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 4'712'372 0.15 47'324 28.12.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'493'921 0.14 (613'642) 31.10.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 3'194'000 0.1 - 30.06.2011 Investment Advisor
SJUNDE AP FONDEN Multiple Portfolios MF-AGG 1'993'229 0.06 160'498 31.12.2012 Investment Advisor
UBS n/a ULT-AGG 1'920'044 0.06 (97'327) 28.12.2012 Unclassified
STATE STREET n/a ULT-AGG 1'808'901 0.06 - 26.02.2013 Investment Advisor
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 1'613'023 0.05 174'952 31.12.2012 Mutual Fund Manager
KELLY GAIL PATRICIA n/a EXCH 1'589'971 0.05 - 24.12.2012 n/a
NOMURA n/a ULT-AGG 1'533'082 0.05 (14'600) 12.09.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura VICTOR GERMAN neutral 3 M 28 Not Provided 27.02.2013
Goldman Sachs BENJAMIN KOO Sell/Neutral 1 M 24 12 month 26.02.2013
Deutsche Bank JAMES FREEMAN hold 3 M 29 12 month 25.02.2013
Commonwealth Bank ROSS CURRAN overweight 5 M 30 12 month 25.02.2013
Credit Suisse JARROD MARTIN neutral 3 M 30 Not Provided 15.02.2013
BBY Limited BRETT LE MESURIER buy 5 M 30 12 month 11.02.2013
JPMorgan SCOTT MANNING underweight 1 M 26 3 month 05.02.2013
Macquarie MICHAEL WIBLIN underperform 1 M 27 12 month 04.02.2013
Morgan Stanley RICHARD E WILES Overwt/In-Line 5 M 27 12 month 21.01.2013
CIMB JOHN BUONACCORSI neutral 3 M 26 12 month 21.01.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 15.01.2013
Bell Potter T S LIM buy 5 U 27 12 month 05.11.2012
Evans & Partners Pty Ltd GEORGE GABRIEL neutral 3 D #N/A N/A Not Provided 18.08.2011
Holdings By:
Westpac Banking Corp ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Australia and New Zealand Banking Group Limited is an international bank with
activities in general banking, mortgage and installment lending, life insurance,
leasing, hire purchase and general finance. ANZ also provides international and
investment banking, investment and portfolio management and advisory services,
nominee and custodian services, stock broking and executor and trustee services.
Latest Fiscal Year: 09/2012
LTM as of: 06/yy
52-Week High (21.02.2013) 28.83
52-Week Low (25.05.2012) 20.26
Daily Volume
28.28
52-Week High % Change -1.91% Dividend Yield 5.13
52-Week Low % Change 39.59% Beta 1.09
% 52 Week Price Range High/Low 92.18% Equity Float 2'670.91
Shares Out 11.02.2013 2'743.6 Short Int -
77'589.22 1 Yr Total Return 36.17%
Total Debt 118'987.00 YTD Return 12.89%
Preferred Stock 871.0 Adjusted BETA 1.091
Minority Interest 49.0 Analyst Recs 18
Cash and Equivalents 55'159.00 Consensus Rating 3.278
Enterprise Value -
Average Volume 5 Day 6'699'784
ANZ AT EQUITY YTD Change - Average Volume 30 Day 6'108'037
ANZ AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'687'383
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 06/yy 06/yy 09/13 Y 09/14 Y 03/13 Q2 06/13 Q3
36'622.0 29'836.0 31'324.0 35'602.0 35'968.0 0.0 0.0 18'113.3 19'046.4 - -
- - - - - #DIV/0! #DIV/0! 1.13x 0.82x - -
- - - - - 0.0 0.0 - - - -
- - - - - 0.00x 0.00x - - - -
3'319.0 2'943.0 4'501.0 5'355.0 5'661.0 1'416.8 0.0 6'277.9 6'652.9 - -
11.00x 18.62x 13.24x 9.38x 11.60x 0.00x 0.00x 12.56x 12.03x - -
EBITDA - Long-Term Rating Date 01.12.2011
EBIT - Long-Term Rating AA-
Operating Margin 45.92% Long-Term Outlook STABLE
Pretax Margin 45.58% Short-Term Rating Date 11.09.1996
Return on Assets 0.91% Short-Term Rating A-1+
Return on Common Equity 14.61%
Return on Capital 3.66% EBITDA/Interest Exp. -
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 295.3%
Net Income Margin 32.3% Total Debt/Capital 74.3%
Asset Turnover 0.06
Current Ratio - Net Fixed Asset Turnover 16.97
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 18.53% Inventory Days -
Tot Debt to Common Equity 295.25% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Australia & New Zealand Banking Group LtdPrice/Volume
Valuation Analysis
5'162'468.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
.-
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/-
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0-
02
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0-&- 9
02&- 9
1-&- 9
0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
35'000.0
40'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
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-/&.-&/--6 -/&-1&/-.- -/&.-&/-.- -/&-1&/-.. -/&.-&/-.. -/&-1&/-./ -/&.-&/-./
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 79'043'517 2.88 (94'977'033) 14.11.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 48'960'984 1.78 202'631 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 33'382'219 1.22 (448'296) 25.02.2013 Investment Advisor
FMR LLC n/a ULT-AGG 28'623'138 1.04 (126'641) 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 26'021'302 0.95 - 12.10.2012 Investment Advisor
AUSTRALIA & NEW ZEAL n/a EXCH 22'272'100 0.81 240'948 14.02.2013 Bank
ANZEST PTY LTD n/a Co File 17'899'078 0.65 - 12.10.2012 Other
RANCHLAND HOLDINGS P n/a EXCH 17'051'442 0.62 - 31.01.2013 Holding Company
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 15'749'960 0.57 609'075 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO n/a Co File 8'187'710 0.3 - 12.10.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 7'992'412 0.29 (114'910) 25.02.2013 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 7'902'915 0.29 - 12.10.2012 Investment Advisor
BLUEKNIGHT CORP PTY n/a EXCH 7'000'000 0.26 - 29.01.2013 Unclassified
PERPETUAL TRUSTEE CO n/a Co File 6'936'856 0.25 - 12.10.2012 Corporation
MACQUARIE GROUP LTD n/a ULT-AGG 6'637'141 0.24 142'437 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 6'287'331 0.23 1'670 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 5'787'257 0.21 - 12.10.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 4'273'810 0.16 41'568 28.12.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'251'603 0.15 816'803 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 3'584'755 0.13 (356'616) 31.12.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura VICTOR GERMAN neutral 3 M 27 Not Provided 27.02.2013
Deutsche Bank JAMES FREEMAN buy 5 M 31 12 month 15.02.2013
Morgan Stanley RICHARD E WILES Underwt/In-Line 1 M 23 12 month 15.02.2013
Goldman Sachs BENJAMIN KOO neutral/neutral 3 M 26 12 month 15.02.2013
Credit Suisse JARROD MARTIN outperform 5 M 31 Not Provided 15.02.2013
JPMorgan SCOTT MANNING neutral 3 M 26 3 month 15.02.2013
Macquarie MICHAEL WIBLIN outperform 5 M 31 12 month 15.02.2013
CIMB JOHN BUONACCORSI neutral 3 M 25 12 month 15.02.2013
BBY Limited BRETT LE MESURIER buy 5 M 29 12 month 15.02.2013
Commonwealth Bank ROSS CURRAN neutral 3 M 28 12 month 15.02.2013
Bell Potter T S LIM hold 3 D 29 12 month 15.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd GEORGE GABRIEL negative 2 D #N/A N/A Not Provided 26.10.2012
Paterson Securities TONY FARNHAM hold 3 M #N/A N/A Not Provided 08.11.2011
Shaw Stockbroking TIM BUCKLEY hold 3 M #N/A N/A Not Provided 05.03.2010
Holdings By:
Australia & New Zealand Banking Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
National Australia Bank Limited is an international banking group which operates
in Australia, New Zealand, Europe, Asia and the United States. The Group offers
banking services, credit and access card facilities, leasing, housing and
general finance, international and investment banking, wealth and funds
management, life insurance and custodian, trustee and nominee services.
Latest Fiscal Year: 09/2012
LTM as of: 06/yy
52-Week High (20.02.2013) 30.80
52-Week Low (04.06.2012) 21.95
Daily Volume
30.03
52-Week High % Change -2.50% Dividend Yield 5.99
52-Week Low % Change 36.81% Beta 1.17
% 52 Week Price Range High/Low 90.40% Equity Float 2'283.85
Shares Out 24.01.2013 2'342.3 Short Int -
70'338.06 1 Yr Total Return 37.99%
Total Debt 166'809.00 YTD Return 20.12%
Preferred Stock 4'914.0 Adjusted BETA 1.165
Minority Interest 47.0 Analyst Recs 18
Cash and Equivalents 66'874.00 Consensus Rating 3.944
Enterprise Value -
Average Volume 5 Day 7'091'610
NAB AT EQUITY YTD Change - Average Volume 30 Day 6'792'626
NAB AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'213'740
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 06/yy 06/yy 09/13 Y 09/14 Y 12/12 Q1 03/13 Q2
41'424.0 35'749.0 34'005.0 38'154.0 38'797.0 0.0 0.0 18'826.5 19'575.4 - 4'700.0
- - - - - #DIV/0! #DIV/0! 0.30x 0.15x - -
- - - - - 0.0 0.0 - - - -
- - - - - 0.00x 0.00x - - - -
4'536.0 2'589.0 4'224.0 5'219.0 4'082.0 0.0 0.0 5'793.5 6'289.9 - 1'500.0
9.23x 24.93x 13.21x 9.58x 14.54x 0.00x 0.00x 12.09x 11.40x - -
EBITDA - Long-Term Rating Date 01.12.2011
EBIT - Long-Term Rating AA-
Operating Margin 37.22% Long-Term Outlook STABLE
Pretax Margin 35.20% Short-Term Rating Date 21.07.1992
Return on Assets 0.54% Short-Term Rating A-1+
Return on Common Equity 10.08%
Return on Capital 1.89% EBITDA/Interest Exp. -
Asset Turnover 0.05% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 429.5%
Net Income Margin 23.3% Total Debt/Capital 79.2%
Asset Turnover 0.05
Current Ratio - Net Fixed Asset Turnover 20.31
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 21.86% Inventory Days -
Tot Debt to Common Equity 429.46% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
National Australia Bank LtdPrice/Volume
Valuation Analysis
4'582'078.00
Current Price (2/dd/yy) Market Data
-
2
.-
.2
/-
/2
0-
02
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0-&- 9
02&- 9
1-&- 9
0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
35'000.0
40'000.0
45'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 50'599'502 2.16 (7'148'665) 14.12.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 39'668'606 1.69 836'436 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 27'559'557 1.18 13'715 25.02.2013 Investment Advisor
AMP GROUP n/a Co File 17'565'667 0.75 - 31.10.2012 Other
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 13'185'793 0.56 535'152 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO n/a Co File 9'342'065 0.4 - 31.10.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 7'938'149 0.34 - 31.10.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 6'768'885 0.29 284'797 31.08.2011 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 5'156'609 0.22 - 31.10.2012 Investment Advisor
NAVIGATOR AUSTRALIA n/a Co File 5'094'181 0.22 - 19.11.2012 Corporation
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 4'517'157 0.19 - 14.09.2012 Investment Advisor
FMR LLC n/a ULT-AGG 3'742'463 0.16 (193'175) 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 3'666'890 0.16 59'056 31.10.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 3'589'212 0.15 67'687 28.12.2012 Mutual Fund Manager
ALLIANCE BERNSTEIN n/a ULT-AGG 3'171'323 0.14 (76'331) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'968'791 0.13 - 31.07.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 1'924'000 0.08 - 30.06.2011 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 1'850'494 0.08 (313) 31.01.2013 Mutual Fund Manager
UBS n/a ULT-AGG 1'836'802 0.08 (216'958) 28.12.2012 Unclassified
STATE STREET n/a ULT-AGG 1'760'761 0.08 - 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura VICTOR GERMAN buy 5 M 33 Not Provided 27.02.2013
BBY Limited BRETT LE MESURIER buy 5 M 30 12 month 11.02.2013
Deutsche Bank JAMES FREEMAN buy 5 M 32 12 month 07.02.2013
Morgan Stanley RICHARD E WILES Equalwt/In-Line 3 M 27 12 month 07.02.2013
Credit Suisse JARROD MARTIN neutral 3 M 29 Not Provided 07.02.2013
JPMorgan SCOTT MANNING neutral 3 M 27 3 month 07.02.2013
Macquarie MICHAEL WIBLIN neutral 3 M 28 12 month 07.02.2013
CIMB JOHN BUONACCORSI outperform 5 M 31 12 month 07.02.2013
Commonwealth Bank ROSS CURRAN neutral 3 M 28 12 month 07.02.2013
Bell Potter T S LIM buy 5 M 31 12 month 07.02.2013
Evans & Partners Pty Ltd GEORGE GABRIEL Positive 4 U #N/A N/A Not Provided 07.02.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 17.01.2013
Goldman Sachs BENJAMIN KOO neutral/neutral 3 M 26 12 month 31.10.2012
Holdings By:
National Australia Bank Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Telstra Corporation Limited is a full service domestic and international
telecommunications provider for Australia. The Company provides telephone
exchange lines to homes and businesses, supplying local, long distance and
international telephone calls and supplying mobile telecommunications services.
Telstra also provides data, internet, on-line services and directory services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (04.02.2013) 4.69
52-Week Low (20.03.2012) 3.18
Daily Volume
4.61
52-Week High % Change -1.71% Dividend Yield 6.07
52-Week Low % Change 44.97% Beta 0.52
% 52 Week Price Range High/Low 93.38% Equity Float 12'219.63
Shares Out 31.12.2012 12'443.1 Short Int -
57'362.57 1 Yr Total Return 52.66%
Total Debt 15'264.00 YTD Return 8.72%
Preferred Stock 0.0 Adjusted BETA 0.518
Minority Interest 209.0 Analyst Recs 16
Cash and Equivalents 3'945.00 Consensus Rating 3.000
Enterprise Value 69'492.57
Average Volume 5 Day 44'585'150
TLS AT EQUITY YTD Change - Average Volume 30 Day 44'471'940
TLS AT EQUITY YTD % CHANGE - Average Volume 3 Month 35'740'540
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
24'657.0 25'371.0 24'813.0 24'983.0 25'232.0 - - 25'536.3 25'859.5 - -
2.73x 2.30x 2.16x 1.91x 2.28x - - 2.76x 2.71x - -
10'299.0 10'744.0 10'913.0 10'555.0 10'216.0 - - 10'610.5 10'749.3 - -
6.54x 5.43x 4.92x 4.52x 5.62x - - 6.55x 6.46x - -
3'692.0 4'073.0 3'883.0 3'231.0 3'405.0 - - 3'758.2 3'825.4 - -
14.18x 10.30x 10.35x 11.07x 13.42x - - 15.26x 14.97x - -
EBITDA 10'216.00 Long-Term Rating Date 14.02.2006
EBIT 5'804.00 Long-Term Rating A
Operating Margin 23.00% Long-Term Outlook STABLE
Pretax Margin 19.55% Short-Term Rating Date 14.02.2006
Return on Assets 9.22% Short-Term Rating A-1
Return on Common Equity 30.69%
Return on Capital 16.06% EBITDA/Interest Exp. 9.02
Asset Turnover 0.66% (EBITDA-Capex)/Interest Exp. 6.37
Net Debt/EBITDA 1.15
Gross Margin 75.5% Total Debt/EBITDA 1.40
EBITDA Margin 40.7%
EBIT Margin 23.5% Total Debt/Equity 133.0%
Net Income Margin 13.5% Total Debt/Capital 56.6%
Asset Turnover 0.66
Current Ratio 0.93 Net Fixed Asset Turnover 1.22
Quick Ratio 0.67 Accounts receivable turnover-days 66.75
Debt to Assets 38.62% Inventory Days 23.88
Tot Debt to Common Equity 132.96% Accounts Payable Turnover Day 220.70
Accounts Receivable Turnover 5.48 Cash Conversion Cycle -2.98
Inventory Turnover 15.33
Fiscal Year Ended
Telstra Corp LtdPrice/Volume
Valuation Analysis
18'776'264.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//001122
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0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG 141'796'500 1.14 (7'688'500) 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 115'005'150 0.92 - 06.08.2012 Investment Advisor
FMR LLC n/a ULT-AGG 77'777'789 0.63 (19'970'223) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 77'650'846 0.62 3'160'627 30.09.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 76'135'821 0.61 950'848 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 75'137'400 0.6 10'827'905 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 72'305'999 0.58 (976'828) 25.02.2013 Investment Advisor
THORNBURG INVESTMENT Multiple Portfolios MF-AGG 70'094'263 0.56 - 31.12.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 68'594'956 0.55 270 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 53'695'000 0.43 - 06.08.2012 Investment Advisor
WILLIAM BLAIR & COMP WILLIAM BLAIR & COMP 13F 45'817'154 0.37 (366'418) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 34'570'271 0.28 13'272'436 31.12.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 29'495'484 0.24 56'900 30.06.2012 Investment Advisor
TELSTRA GROWTHSHARE n/a Co File 29'272'227 0.24 - 06.08.2012 n/a
ARGO INVESTMENTS LTD n/a Co File 29'204'800 0.23 - 06.08.2012 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 26'102'389 0.21 6'680'452 14.09.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 26'017'431 0.21 2'530'823 31.12.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 25'665'758 0.21 - 06.08.2012 Private Equity
QUEENSLAND INVESTMEN n/a Co File 25'479'545 0.2 - 06.08.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 25'005'756 0.2 11'540'168 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DANIEL BLAIR neutral 3 M 4 Not Provided 27.02.2013
Macquarie ANDREW LEVY neutral 3 M 4 12 month 08.02.2013
CIMB FRASER MCLEISH underperform 1 M 4 12 month 08.02.2013
Morgan Stanley MARK GOODRIDGE Equalwt/In-Line 3 M 4 12 month 07.02.2013
Credit Suisse BRADLEY CLIBBORN neutral 3 M 5 Not Provided 07.02.2013
JPMorgan PAUL BRUNKER neutral 3 M 4 9 month 07.02.2013
HSBC NEALE ANDERSON neutral 3 M 5 Not Provided 07.02.2013
BBY Limited MARK MCDONNELL buy 5 M 5 12 month 07.02.2013
Commonwealth Bank ALICE BENNETT underweight 1 M 4 12 month 07.02.2013
Deutsche Bank VIKAS GOUR hold 3 M 4 12 month 31.01.2013
Goldman Sachs RAYMOND TONG neutral/neutral 3 M 4 12 month 30.01.2013
EVA Dimensions ANDREW S ZAMFOTIS buy 5 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd TONY WILSON neutral 3 U #N/A N/A Not Provided 07.10.2010
Holdings By:
Telstra Corp Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Wesfarmers Ltd. owns retail chains, operates mines, writes insurance,
manufactures and distributes industrial products, manufactures fertilizers and
chemicals, and distributes liquefied petroleum gas and medical and industrial
gases.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 40.78
52-Week Low (12.03.2012) 28.25
Daily Volume
40.52
52-Week High % Change -0.64% Dividend Yield 4.24
52-Week Low % Change 43.43% Beta 0.87
% 52 Week Price Range High/Low 95.58% Equity Float 1'003.09
Shares Out 31.01.2013 1'006.7 Short Int -
46'947.19 1 Yr Total Return 45.85%
Total Debt 5'502.00 YTD Return 12.11%
Preferred Stock 0.0 Adjusted BETA 0.874
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 2'817.00 Consensus Rating 3.267
Enterprise Value 49'783.19
Average Volume 5 Day 2'890'703
WES AT EQUITY YTD Change - Average Volume 30 Day 2'588'618
WES AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'192'192
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
33'301.0 50'641.0 51'485.0 54'513.0 57'685.0 - - 59'651.9 62'896.0 - -
1.36x 0.51x 0.70x 0.72x 0.65x - - 0.87x 0.82x - -
2'714.0 3'854.0 3'474.0 3'793.0 4'427.0 - - 4'798.7 5'222.5 - -
16.73x 6.70x 10.30x 10.36x 8.42x - - 10.37x 9.53x - -
1'063.0 1'535.0 1'565.0 1'922.0 2'126.0 - - 2'321.6 2'587.4 - -
21.41x 14.16x 21.11x 19.11x 16.23x - - 20.23x 18.19x - -
EBITDA 4'427.00 Long-Term Rating Date 10.03.2011
EBIT 3'432.00 Long-Term Rating A-
Operating Margin 5.95% Long-Term Outlook STABLE
Pretax Margin 5.28% Short-Term Rating Date 07.11.2007
Return on Assets 5.21% Short-Term Rating A-2
Return on Common Equity 8.71%
Return on Capital 7.98% EBITDA/Interest Exp. 10.59
Asset Turnover 1.37% (EBITDA-Capex)/Interest Exp. 4.31
Net Debt/EBITDA 0.65
Gross Margin - Total Debt/EBITDA 1.33
EBITDA Margin 7.5%
EBIT Margin 5.7% Total Debt/Equity 21.5%
Net Income Margin 3.7% Total Debt/Capital 17.7%
Asset Turnover 1.37
Current Ratio 1.02 Net Fixed Asset Turnover 6.13
Quick Ratio 0.42 Accounts receivable turnover-days 13.44
Debt to Assets 13.00% Inventory Days -
Tot Debt to Common Equity 21.47% Accounts Payable Turnover Day -
Accounts Receivable Turnover 27.23 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Wesfarmers LtdPrice/Volume
Valuation Analysis
1'770'391.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-2
.-
.2/-/20-021-12
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0.0
10'000.0
20'000.0
30'000.0
40'000.0
50'000.0
60'000.0
70'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG 29'318'462 2.91 (1'000'000) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 17'502'200 1.74 122'494 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 11'856'512 1.18 7'586 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'960'351 0.69 229'361 30.09.2012 Mutual Fund Manager
COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 4'932'575 0.49 (504'754) 31.10.2012 Bank
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 4'493'419 0.45 - 30.06.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'345'772 0.43 - 31.07.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 3'472'112 0.34 - 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 2'782'042 0.28 - 18.09.2012 Investment Advisor
FMR LLC n/a ULT-AGG 2'474'639 0.25 (418'230) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'441'551 0.24 20'670 31.08.2011 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'547'258 0.15 15'108 28.12.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO n/a Co File 1'400'120 0.14 - 18.09.2012 Investment Advisor
UNION INVESTMENT GMB Multiple Portfolios MF-AGG 1'090'800 0.11 (13'300) 28.09.2012 Investment Advisor
GOYDER RICHARD J B n/a EXCH 1'043'229 0.1 19'833 19.12.2012 n/a
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 919'730 0.09 61'553 31.12.2012 Investment Advisor
SKANDIA GLOBAL FUNDS Multiple Portfolios MF-AGG 864'908 0.09 (228'998) 31.12.2012 Mutual Fund Manager
GRAHAM JAMES PHILIP n/a EXCH 807'317 0.08 (150'395) 15.11.2011 n/a
CREDIT SUISSE SECURI n/a Co File 760'000 0.08 - 18.09.2012 Unclassified
HEXAVEST INC HEXAVEST INC 13F 721'882 0.07 67'814 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan SHAUN COUSINS underweight 1 M 36 12 month 15.02.2013
Macquarie GREG DRING neutral 3 M 36 12 month 15.02.2013
Deutsche Bank MICHAEL SIMOTAS hold 3 M 38 12 month 14.02.2013
Morgan Stanley THOMAS KIERATH Overwt/In-Line 5 M 42 12 month 14.02.2013
Goldman Sachs PHILLIP KIMBER Buy/Neutral 5 M 44 12 month 14.02.2013
Credit Suisse GRANT SALIGARI underperform 1 M 36 Not Provided 14.02.2013
CIMB DANIEL BROEREN neutral 3 M 35 12 month 14.02.2013
Commonwealth Bank ANDREW MCLENNAN overweight 5 M 40 12 month 14.02.2013
Nomura DAVID COOKE neutral 3 M 38 Not Provided 14.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 M #N/A N/A Not Provided 17.01.2013
Evans & Partners Pty Ltd TONY WILSON neutral 3 D #N/A N/A Not Provided 17.08.2012
Holdings By:
Wesfarmers Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Woolworths Limited operates supermarkets, specialty and discount department
stores, liquor and electronics stores throughout Australia. Woolworths also
manufactures processed foods, exports and wholesales food and offers petrol
retailing. The Company also operates hotels which includes pubs, food,
accommodation, and gaming operations.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 35.08
52-Week Low (20.03.2012) 24.53
Daily Volume
34.01
52-Week High % Change -3.05% Dividend Yield 3.70
52-Week Low % Change 38.66% Beta 0.59
% 52 Week Price Range High/Low 89.20% Equity Float 1'235.91
Shares Out 08.02.2013 1'242.7 Short Int -
42'264.00 1 Yr Total Return 43.86%
Total Debt 4'749.70 YTD Return 15.96%
Preferred Stock 0.0 Adjusted BETA 0.594
Minority Interest 258.1 Analyst Recs 15
Cash and Equivalents 833.40 Consensus Rating 2.867
Enterprise Value 46'438.40
Average Volume 5 Day 3'030'151
WOW AT EQUITY YTD Change - Average Volume 30 Day 2'362'212
WOW AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'331'227
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 03/12 Q3 06/12 Q4
47'034.8 49'594.8 51'694.3 52'609.1 55'129.8 - - 58'940.5 61'166.2 - 12'685.5
0.68x 0.70x 0.71x 0.70x 0.66x - - 0.79x 0.76x - -
3'108.0 3'517.5 3'845.7 4'071.1 4'345.8 - - 4'554.8 4'796.0 - -
10.25x 9.88x 9.54x 9.00x 8.42x - - 10.20x 9.68x - -
1'626.8 1'835.7 2'020.8 2'124.0 1'816.7 - - 2'339.8 2'468.2 - -
18.13x 17.49x 16.71x 15.73x 14.77x - - 17.93x 17.02x - -
EBITDA 4'345.80 Long-Term Rating Date 27.05.2005
EBIT 3'449.90 Long-Term Rating A-
Operating Margin 6.26% Long-Term Outlook STABLE
Pretax Margin 5.57% Short-Term Rating Date 27.05.2005
Return on Assets 8.57% Short-Term Rating A-2
Return on Common Equity 23.02%
Return on Capital 15.79% EBITDA/Interest Exp. 10.65
Asset Turnover 2.60% (EBITDA-Capex)/Interest Exp. 5.42
Net Debt/EBITDA 0.90
Gross Margin 26.0% Total Debt/EBITDA 1.09
EBITDA Margin 7.9%
EBIT Margin 6.3% Total Debt/Equity 58.0%
Net Income Margin 3.3% Total Debt/Capital 36.0%
Asset Turnover 2.60
Current Ratio 0.86 Net Fixed Asset Turnover 6.06
Quick Ratio 0.16 Accounts receivable turnover-days 1.37
Debt to Assets 22.01% Inventory Days 33.17
Tot Debt to Common Equity 58.01% Accounts Payable Turnover Day 36.38
Accounts Receivable Turnover 265.94 Cash Conversion Cycle -1.84
Inventory Turnover 10.97
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Woolworths LtdPrice/Volume
Valuation Analysis
3'101'282.00
Current Price (2/dd/yy) Market Data
-
2
.-
.2
/-
/2
0-
02
1-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
0.0
10'000.0
20'000.0
30'000.0
40'000.0
50'000.0
60'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
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-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VANGUARD GROUP INC Multiple Portfolios MF-AGG 21'525'596 1.73 (2'787'464) 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 13'350'066 1.07 9'725 25.02.2013 Investment Advisor
ABERDEEN n/a ULT-AGG 10'352'834 0.83 146'478 31.01.2013 Unclassified
AMP LIFE LTD n/a Co File 8'962'090 0.72 - 18.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'540'863 0.53 184'307 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO n/a Co File 6'213'729 0.5 - 18.09.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 4'083'026 0.33 - 18.09.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 3'350'626 0.27 - 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 3'240'221 0.26 (258'028) 31.12.2012 Investment Advisor
PERPETUAL TRUSTEE CO n/a Co File 2'945'888 0.24 - 18.09.2012 Corporation
NAVIGATOR AUSTRALIA n/a Co File 2'883'628 0.23 - 18.09.2012 Corporation
MACQUARIE GROUP LTD n/a ULT-AGG 2'692'463 0.22 (81'300) 31.12.2012 Investment Advisor
MILTON CORP LTD n/a Co File 2'586'473 0.21 - 18.09.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 2'541'091 0.2 - 18.09.2012 Private Equity
QIC LTD n/a Co File 2'502'013 0.2 - 18.09.2012 Investment Advisor
FMR LLC n/a ULT-AGG 2'421'818 0.19 86'348 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'883'985 0.15 18'975 28.12.2012 Mutual Fund Manager
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'779'902 0.14 (456) 25.02.2013 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 1'556'768 0.13 - 14.09.2012 Investment Advisor
UMB BANK N A Multiple Portfolios MF-AGG 1'529'182 0.12 67'965 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse GRANT SALIGARI underperform 1 M 25 Not Provided 06.02.2013
Nomura DAVID COOKE buy 5 M 36 Not Provided 06.02.2013
JPMorgan SHAUN COUSINS overweight 5 M 32 6 month 04.02.2013
Deutsche Bank MICHAEL SIMOTAS buy 5 M 34 12 month 31.01.2013
Morgan Stanley THOMAS KIERATH Underwt/In-Line 1 M 26 12 month 31.01.2013
Goldman Sachs PHILLIP KIMBER neutral/neutral 3 M 28 12 month 31.01.2013
CIMB DANIEL BROEREN neutral 3 M 30 12 month 31.01.2013
Commonwealth Bank ANDREW MCLENNAN neutral 3 M 30 12 month 31.01.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 17.01.2013
Erste Bank STEPHAN LINGNAU hold 3 N #N/A N/A Not Provided 16.12.2012
Macquarie GREG DRING outperform 5 M 33 12 month 04.10.2012
Evans & Partners Pty Ltd TONY WILSON Positive 4 M #N/A N/A Not Provided 23.08.2010
Holdings By:
Woolworths Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
CSL Limited develops, manufactures and markets human pharmaceutical and
diagnostic products derived from human plasma. The Company's products include
pediatric and adult vaccines, infection and pain medicine, skin disorder
remedies, antivenoms, anticoagulants and immunoglobulins.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 59.25
52-Week Low (09.03.2012) 32.12
Daily Volume
58.85
52-Week High % Change -0.68% Dividend Yield 1.64
52-Week Low % Change 83.22% Beta 0.78
% 52 Week Price Range High/Low 96.78% Equity Float 493.75
Shares Out 12.02.2013 498.2 Short Int -
29'319.03 1 Yr Total Return 85.40%
Total Debt 1'301.48 YTD Return 9.18%
Preferred Stock 0.0 Adjusted BETA 0.781
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 1'184.09 Consensus Rating 3.667
Enterprise Value 30'235.46
Average Volume 5 Day 1'556'692
CSL AT EQUITY YTD Change - Average Volume 30 Day 1'476'626
CSL AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'468'727
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
3'187.8 3'454.8 3'931.2 4'145.7 4'575.4 - - 5'114.6 5'579.6 - -
5.60x 3.78x 3.90x 4.12x 4.53x - - 5.94x 5.42x - -
983.1 1'100.0 1'408.2 1'414.6 1'519.0 - - 1'745.7 1'920.8 - -
18.14x 11.86x 10.88x 12.09x 13.66x - - 17.32x 15.74x - -
629.0 856.5 928.9 931.2 1'014.1 - - 1'247.0 1'384.8 - -
27.98x 16.70x 17.54x 19.00x 20.83x - - 24.13x 21.13x - -
EBITDA 1'519.01 Long-Term Rating Date -
EBIT 1'342.01 Long-Term Rating -
Operating Margin 29.33% Long-Term Outlook -
Pretax Margin 27.45% Short-Term Rating Date -
Return on Assets 19.36% Short-Term Rating -
Return on Common Equity 31.65%
Return on Capital 24.50% EBITDA/Interest Exp. 37.64
Asset Turnover 0.81% (EBITDA-Capex)/Interest Exp. 30.04
Net Debt/EBITDA 0.22
Gross Margin 48.3% Total Debt/EBITDA 0.67
EBITDA Margin 35.5%
EBIT Margin 31.5% Total Debt/Equity 37.1%
Net Income Margin 22.2% Total Debt/Capital 27.1%
Asset Turnover 0.81
Current Ratio 3.62 Net Fixed Asset Turnover 3.34
Quick Ratio 1.95 Accounts receivable turnover-days 64.96
Debt to Assets 21.85% Inventory Days 233.99
Tot Debt to Common Equity 37.09% Accounts Payable Turnover Day 71.75
Accounts Receivable Turnover 5.63 Cash Conversion Cycle 252.95
Inventory Turnover 1.56
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
CSL LtdPrice/Volume
Valuation Analysis
1'155'289.00
Current Price (2/dd/yy) Market Data
-
.-
/-
0-
1-
2-
3-
4-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
5'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 31'003'196 6.22 (2'201'811) 25.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a Co File 27'559'359 5.53 - 30.06.2012 Bank
CAPITAL GROUP COMPAN n/a ULT-AGG 12'888'329 2.59 (2'129'000) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 10'141'648 2.04 (366'217) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 8'855'331 1.78 58'180 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 4'653'879 0.93 - 05.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'681'385 0.54 29'192 30.09.2012 Mutual Fund Manager
UMB BANK N A Multiple Portfolios MF-AGG 2'164'323 0.43 96'194 31.12.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 2'026'300 0.41 (295'400) 30.12.2012 Investment Advisor
WILLIAM BLAIR & COMP WILLIAM BLAIR & COMP 13F 1'963'957 0.39 1'963'957 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 1'907'069 0.38 (44'406) 26.02.2013 Investment Advisor
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 1'895'577 0.38 - 28.09.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 1'876'468 0.38 (135'855) 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'621'732 0.33 (524'848) 31.10.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'365'238 0.27 (374) 25.02.2013 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 1'179'752 0.24 - 30.06.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'155'008 0.23 281'998 31.12.2012 Investment Advisor
SARASIN n/a ULT-AGG 1'082'381 0.22 10'791 28.12.2012 Unclassified
QUEENSLAND INVESTMEN n/a Co File 1'047'450 0.21 - 05.02.2013 Investment Advisor
NAVIGATOR AUSTRALIA n/a Co File 928'139 0.19 - 30.06.2012 Corporation
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Wilson HTM Investment Group SHANE STOREY hold 3 M 56 Not Provided 21.02.2013
Nomura DAVID STANTON buy 5 M 65 Not Provided 15.02.2013
Macquarie CRAIG COLLIE outperform 5 M 64 12 month 14.02.2013
CIMB DEREK JELLINEK neutral 3 M 49 12 month 14.02.2013
Deutsche Bank DAVID A LOW hold 3 M 53 12 month 13.02.2013
Morgan Stanley SEAN LAAMAN Equalwt/In-Line 3 M 49 12 month 13.02.2013
Goldman Sachs IAN ABBOTT neutral/neutral 3 M 55 12 month 13.02.2013
Credit Suisse SAUL HADASSIN outperform 5 M 61 Not Provided 13.02.2013
JPMorgan STEVEN D WHEEN overweight 5 M 56 9 month 13.02.2013
Commonwealth Bank BRUCE DU neutral 3 M 56 12 month 13.02.2013
Bell Potter STUART ROBERTS buy 5 U 65 12 month 13.02.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 M #N/A N/A Not Provided 15.01.2013
Holdings By:
CSL Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Rio Tinto Limited is an international mining company. The Company has interests
in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin,
uranium, zinc, titanium dioxide feedstock, diamonds, talc and zircon.
Dually-listed company with RIO LN.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (14.02.2013) 72.30
52-Week Low (30.08.2012) 48.37
Daily Volume
66.01
52-Week High % Change -8.70% Dividend Yield 2.48
52-Week Low % Change 36.47% Beta 1.29
% 52 Week Price Range High/Low 71.88% Equity Float 435.51
Shares Out 31.12.2012 435.8 Short Int -
101'517.59 1 Yr Total Return 0.39%
Total Debt 26'819.00 YTD Return 0.00%
Preferred Stock 0.0 Adjusted BETA 1.293
Minority Interest 11'156.0 Analyst Recs 17
Cash and Equivalents 7'615.00 Consensus Rating 4.294
Enterprise Value 133'765.82
Average Volume 5 Day 4'777'675
RIO AT EQUITY YTD Change - Average Volume 30 Day 2'923'304
RIO AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'720'502
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/12 Q2 09/12 Q3
54'264.0 41'825.0 55'171.0 60'537.0 50'967.0 0.0 9'191.0 58'856.0 62'661.4 - -
1.28x 3.46x 3.33x 2.22x 3.08x #DIV/0! 0.00x 2.27x 2.09x - -
18'964.0 10'920.0 22'458.0 26'304.0 15'902.0 0.0 0.0 22'112.5 24'211.3 - -
3.67x 13.25x 8.18x 5.11x 9.87x 0.00x 0.00x 6.05x 5.53x - -
3'676.0 4'872.0 14'238.0 5'826.0 (2'990.0) 0.0 1'604.0 11'217.1 12'317.4 - -
7.63x 22.29x 11.96x 20.37x - 0.00x 0.00x 11.07x 9.85x - -
EBITDA 15'902.00 Long-Term Rating Date 18.04.2011
EBIT 11'461.00 Long-Term Rating A-
Operating Margin 22.49% Long-Term Outlook NEG
Pretax Margin -5.04% Short-Term Rating Date 08.07.2009
Return on Assets -2.52% Short-Term Rating A-2
Return on Common Equity -6.02%
Return on Capital 5.71% EBITDA/Interest Exp. 22.98
Asset Turnover 0.43% (EBITDA-Capex)/Interest Exp. -2.25
Net Debt/EBITDA 1.24
Gross Margin - Total Debt/EBITDA 1.73
EBITDA Margin 30.4%
EBIT Margin 21.7% Total Debt/Equity 57.2%
Net Income Margin -5.9% Total Debt/Capital 31.6%
Asset Turnover 0.43
Current Ratio 1.46 Net Fixed Asset Turnover 0.73
Quick Ratio 0.94 Accounts receivable turnover-days 32.33
Debt to Assets 22.81% Inventory Days -
Tot Debt to Common Equity 57.23% Accounts Payable Turnover Day -
Accounts Receivable Turnover 11.32 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Rio Tinto LtdPrice/Volume
Valuation Analysis
2'923'754.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.-
/-
0-
1-
2-
3-
4-
5-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
0.0
10'000.0
20'000.0
30'000.0
40'000.0
50'000.0
60'000.0
70'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
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-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 28'934'168 6.64 (1'114'122) 25.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 20'955'192 4.81 (1'354'766) 25.06.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'592'958 1.74 93'629 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 3'605'000 0.83 - 29.06.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 2'393'539 0.55 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'307'271 0.53 49'901 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 1'617'963 0.37 (264'542) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 1'311'292 0.3 (394'422) 31.12.2012 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 1'062'005 0.24 11'751 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'030'553 0.24 325'958 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 915'029 0.21 (8'260) 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 748'053 0.17 (10'341) 31.12.2012 Unclassified
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 697'809 0.16 6'251 28.12.2012 Mutual Fund Manager
INVESCO LTD Multiple Portfolios MF-AGG 672'840 0.15 (115'591) 26.02.2013 Investment Advisor
PRINCIPAL FINANCIAL n/a ULT-AGG 584'735 0.13 (21) 31.01.2013 Investment Advisor
COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 464'685 0.11 27'067 31.10.2012 Bank
NATIXIS INTERNATIONA Multiple Portfolios MF-AGG 442'091 0.1 (14'540) 31.12.2012 Investment Advisor
DEUTSCHE BANK AG Multiple Portfolios MF-AGG 415'431 0.1 (199) 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 400'826 0.09 (5'720) 31.12.2012 Investment Advisor
ROYAL BANK OF CANADA n/a ULT-AGG 395'400 0.09 21'000 28.09.2012 Bank
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DAVID RADCLYFFE buy 5 M 80 Not Provided 27.02.2013
Credit Suisse PAUL MCTAGGART outperform 5 M 75 Not Provided 19.02.2013
Commonwealth Bank ANDREW HINES overweight 5 M 83 12 month 18.02.2013
Deutsche Bank PAUL-D YOUNG buy 5 M 88 12 month 15.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 70 12 month 14.02.2013
Investec TIM GERRARD buy 5 M 74 12 month 14.02.2013
JPMorgan LYNDON FAGAN overweight 5 M 79 9 month 14.02.2013
CIMB PHILLIP CHIPPINDALE outperform 5 M 81 12 month 14.02.2013
Macquarie ADRIAN WOOD neutral 3 M 75 12 month 12.02.2013
HSBC ANDREW KEEN overweight 5 M 78 Not Provided 08.02.2013
RBC Capital Markets DES KILALEA outperform 5 M #N/A N/A Not Provided 07.02.2013
Goldman Sachs CRAIG SAINSBURY neutral/attractive 3 M 70 12 month 16.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
Holdings By:
Rio Tinto Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Westfield Group is a property trust that invests in, leases and manages over
retail shopping centers in Australia, New Zealand, the United States and the
United Kingdom. The Group's operations also include funds and asset management
and property development and construction.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (06.02.2013) 11.40
52-Week Low (27.02.2012) 8.57
Daily Volume
11.14
52-Week High % Change -2.28% Dividend Yield 4.44
52-Week Low % Change 29.99% Beta 0.63
% 52 Week Price Range High/Low 88.69% Equity Float 1'936.08
Shares Out 25.12.2012 2'228.4 Short Int -
24'824.41 1 Yr Total Return 35.85%
Total Debt 11'177.60 YTD Return 7.86%
Preferred Stock 0.0 Adjusted BETA 0.628
Minority Interest 434.8 Analyst Recs 15
Cash and Equivalents 1'099.20 Consensus Rating 3.400
Enterprise Value 35'337.61
Average Volume 5 Day 5'512'295
WDC AT EQUITY YTD Change - Average Volume 30 Day 5'720'011
WDC AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'442'616
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y 03/12 Q1 06/12 Q2
4'351.2 4'123.0 3'625.6 4'006.0 2'277.8 - - 3'221.5 3'385.5 - -
10.63x 10.91x 9.89x 7.98x 14.92x - - 11.21x 10.91x - -
2'231.1 2'432.1 2'284.1 1'356.8 1'239.2 - - 1'962.9 2'058.1 - -
20.73x 18.50x 15.70x 23.55x 27.42x - - 18.00x 17.17x - -
(2'196.6) (457.8) 1'114.0 1'452.9 1'718.1 - - 1'435.0 1'513.0 - -
- - 19.80x 12.38x 13.93x - - 16.55x 15.62x - -
EBITDA 1'239.20 Long-Term Rating Date 07.12.2010
EBIT 1'239.20 Long-Term Rating A-
Operating Margin 30.56% Long-Term Outlook STABLE
Pretax Margin 86.44% Short-Term Rating Date 04.02.2005
Return on Assets 4.83% Short-Term Rating A-2
Return on Common Equity 11.15%
Return on Capital 6.24% EBITDA/Interest Exp. 2.04
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. 0.02
Net Debt/EBITDA 8.13
Gross Margin - Total Debt/EBITDA 9.02
EBITDA Margin 54.4%
EBIT Margin - Total Debt/Equity 72.9%
Net Income Margin 75.4% Total Debt/Capital 41.5%
Asset Turnover 0.06
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 32.80% Inventory Days -
Tot Debt to Common Equity 72.92% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Westfield GroupPrice/Volume
Valuation Analysis
7'640'312.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
./
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/-&- 9
/2&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
5'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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1&--
3&--
5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 187'919'260 8.43 165'203 25.02.2013 Investment Advisor
WESTFIELD C FUND PTY n/a Co File 179'598'386 8.06 - 14.03.2012 Unclassified
VANGUARD INVESTMENTS n/a Co File 140'169'212 6.29 - 31.12.2011 Mutual Fund Manager
AMP LTD n/a EXCH 110'310'826 4.95 (2'427'517) 18.09.2012 Insurance Company
CAPITAL GROUP COMPAN n/a ULT-AGG 82'830'563 3.72 (537'775) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 36'593'014 1.64 607'722 31.12.2012 Investment Advisor
LASALLE INVESTMENT M Multiple Portfolios MF-AGG 29'652'238 1.33 (955'076) 21.08.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 28'400'269 1.27 3'408'378 31.12.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 26'303'663 1.18 27'497 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 26'057'631 1.17 2'122'934 31.12.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 25'481'438 1.14 (3'971'911) 25.02.2013 Investment Advisor
STATE STREET n/a ULT-AGG 22'410'960 1.01 - 26.02.2013 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 17'002'787 0.76 (402'217) 31.12.2012 Investment Advisor
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 16'383'012 0.74 (1'400'622) 17.07.2012 Investment Advisor
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 11'302'243 0.51 958'800 31.10.2012 Investment Advisor
DIAM n/a ULT-AGG 9'091'048 0.41 (12'000) 31.12.2012 Unclassified
CI INVESTMENTS INC Multiple Portfolios MF-AGG 9'021'211 0.4 (3'141'640) 30.06.2012 Investment Advisor
NIKKO ASSET MANAGEME n/a ULT-AGG 8'383'112 0.38 (2'443'981) 01.02.2013 Unclassified
NOMURA n/a ULT-AGG 6'879'241 0.31 (712'430) 06.09.2012 Unclassified
PRINCIPAL FINANCIAL n/a ULT-AGG 6'617'924 0.3 (583'922) 31.01.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley LOURENS PIRENC Overwt/In-Line 5 M 11 12 month 27.02.2013
Commonwealth Bank DAVID LLOYD overweight 5 M 11 12 month 26.02.2013
Macquarie PAUL CHECCHIN underperform 1 M 11 12 month 19.02.2013
JPMorgan ROB STANTON neutral 3 M 11 9 month 05.02.2013
Credit Suisse STEPHEN RICH neutral 3 M 11 Not Provided 16.01.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
Evercore Partners BENJAMIN YANG equalweight 3 M 11 12 month 09.01.2013
Moelis & Company SIMON SCOTT buy 5 M 11 12 month 06.11.2012
Deutsche Bank IAN RANDALL buy 5 M 12 12 month 31.10.2012
Goldman Sachs SIMON WHEATLEY Sell/Neutral 1 M 9 12 month 15.08.2012
Holdings By:
Westfield Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Woodside Petroleum Limited explores for and produces oil and gas from offshore
and onshore facilities located in Western Australia and Northern Territory. The
Company operates numerous oil and gas fields and pipelines throughout Australia,
United States and Mauritania and its products include liquefied natural gas,
domestic gas, condensate, crude oil and liquefied petroleum gas.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 39.21
52-Week Low (11.07.2012) 30.09
Daily Volume
36.2
52-Week High % Change -7.68% Dividend Yield 3.53
52-Week Low % Change 20.31% Beta 1.10
% 52 Week Price Range High/Low 68.53% Equity Float 633.52
Shares Out 31.12.2012 823.9 Short Int -
29'825.57 1 Yr Total Return 0.87%
Total Debt 4'340.00 YTD Return 8.67%
Preferred Stock 0.0 Adjusted BETA 1.101
Minority Interest 679.0 Analyst Recs 15
Cash and Equivalents 2'422.00 Consensus Rating 3.533
Enterprise Value 32'977.32
Average Volume 5 Day 5'521'386
WPL AT EQUITY YTD Change - Average Volume 30 Day 2'494'135
WPL AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'061'580
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y 09/12 Q3 12/12 Q4
5'103.3 3'487.0 4'193.0 4'802.0 6'348.0 - - 6'360.1 6'979.5 - -
4.75x 10.26x 9.20x 6.44x 4.97x - - 5.15x 4.50x - -
3'818.5 2'482.0 2'887.0 2'755.0 4'323.0 - - 4'424.5 5'008.8 - -
6.35x 14.42x 13.37x 11.23x 7.30x - - 7.45x 6.58x - -
1'521.6 1'474.0 1'575.0 1'507.0 2'983.0 - - 2'043.2 2'318.8 - -
14.06x 20.18x 21.34x 16.53x 9.61x - - 15.07x 13.11x - -
EBITDA 4'323.00 Long-Term Rating Date 03.12.2010
EBIT 3'106.00 Long-Term Rating BBB+
Operating Margin 48.93% Long-Term Outlook STABLE
Pretax Margin 57.62% Short-Term Rating Date 25.04.2001
Return on Assets 12.42% Short-Term Rating NR
Return on Common Equity 21.46%
Return on Capital - EBITDA/Interest Exp. 166.27
Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. 92.65
Net Debt/EBITDA 0.44
Gross Margin 58.8% Total Debt/EBITDA 1.00
EBITDA Margin 68.1%
EBIT Margin 48.9% Total Debt/Equity 28.7%
Net Income Margin 47.0% Total Debt/Capital 21.5%
Asset Turnover 0.26
Current Ratio 1.39 Net Fixed Asset Turnover 0.30
Quick Ratio 1.21 Accounts receivable turnover-days 22.72
Debt to Assets 17.49% Inventory Days 30.48
Tot Debt to Common Equity 28.65% Accounts Payable Turnover Day 41.97
Accounts Receivable Turnover 16.11 Cash Conversion Cycle 11.22
Inventory Turnover 12.01
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Woodside Petroleum LtdPrice/Volume
Valuation Analysis
3'388'626.00
Current Price (2/dd/yy) Market Data
-2
.-
.2/-/20-021-12
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.&- 9/&- 90&- 91&- 92&- 93&- 94&- 95&- 96&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SHELL ENERGY HOLDING n/a EXCH 190'119'364 23.08 - 04.04.2012 Corporation
VANGUARD GROUP INC Multiple Portfolios MF-AGG 14'265'568 1.73 (123'785) 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 7'167'487 0.87 6'083 25.02.2013 Investment Advisor
DEUTSCHE BANK AG Multiple Portfolios MF-AGG 5'709'250 0.69 (1'531) 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 5'055'486 0.61 94'000 25.02.2013 Investment Advisor
ONTARIO TEACHERS PEN n/a Research 3'400'000 0.41 - 31.12.2011 Pension Fund (ERISA)
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'323'100 0.4 117'359 30.09.2012 Mutual Fund Manager
FRANKLIN RESOURCES n/a ULT-AGG 3'230'216 0.39 3'000'000 31.10.2012 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 3'121'000 0.38 - 29.06.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 2'878'844 0.35 (574'628) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 2'759'580 0.33 51'027 31.12.2012 Investment Advisor
STATE FARM MUTUAL AU STATE FARM MUTUAL AU Sch-D 2'580'656 0.31 - 30.09.2012 Insurance Company
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'700'873 0.21 - 30.06.2011 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'625'502 0.2 624'441 31.08.2011 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'069'841 0.13 9'438 28.12.2012 Mutual Fund Manager
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 963'300 0.12 113'300 31.12.2012 Mutual Fund Manager
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 948'000 0.12 - 30.06.2011 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 870'545 0.11 4'596 26.02.2013 Investment Advisor
DWS INVESTMENT SA Multiple Portfolios MF-AGG 632'446 0.08 1'871 28.12.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 596'332 0.07 (16'269) 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 26.02.2013
Sanford C. Bernstein & Co NEIL BEVERIDGE outperform 5 M 42 12 month 21.02.2013
Macquarie ADRIAN WOOD underperform 1 D 40 12 month 21.02.2013
Deutsche Bank JOHN HIRJEE buy 5 M 41 12 month 20.02.2013
Morgan Stanley STUART BAKER Equalwt/Attractive 3 D 42 12 month 20.02.2013
Goldman Sachs MARK WISEMAN neutral/neutral 3 M 41 12 month 20.02.2013
RBC Capital Markets ANDREW WILLIAMS sector perform 3 M 40 12 month 20.02.2013
Credit Suisse PAUL MCTAGGART neutral 3 M 39 Not Provided 20.02.2013
JPMorgan BENJAMIN X. WILSON overweight 5 M 45 9 month 20.02.2013
Commonwealth Bank LUKE SMITH underweight 1 M 39 12 month 20.02.2013
Bell Potter JOHAN HEDSTROM buy 5 M 43 12 month 03.12.2012
Nomura RICHARD J JOHNSON suspended coverage #N/A N/A M #N/A N/A Not Provided 29.04.2012
Hartleys DAVID WALL buy 5 M 55 12 month 23.03.2012
Intersuisse Ltd NICK WIRUBOV buy 5 N 51 Not Provided 10.11.2010
Holdings By:
Woodside Petroleum Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Newcrest Mining Limited is a gold mining, exploration and production company.
The Company's exploration projects include Telfer and Boddington which are
located in Western Australia. The Company also is developing and exploring at
the Cadia Hill and Ridgeway projects in New South Wales and the Gosowong project
in Indonesia.
Latest Fiscal Year: 06/2012
LTM as of: 06/yy
52-Week High (27.02.2012) 33.98
52-Week Low (23.07.2012) 20.89
Daily Volume
22.58
52-Week High % Change -33.55% Dividend Yield 1.55
52-Week Low % Change 8.09% Beta 0.96
% 52 Week Price Range High/Low 9.47% Equity Float 757.59
Shares Out 31.12.2012 765.9 Short Int -
17'294.18 1 Yr Total Return -31.79%
Total Debt 2'408.00 YTD Return 1.80%
Preferred Stock 0.0 Adjusted BETA 0.963
Minority Interest 119.0 Analyst Recs 17
Cash and Equivalents 242.00 Consensus Rating 3.647
Enterprise Value 20'546.18
Average Volume 5 Day 5'360'506
NCM AT EQUITY YTD Change - Average Volume 30 Day 3'990'749
NCM AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'722'064
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 06/yy 06/yy 06/13 Y 06/14 Y 09/12 Q1 12/12 Q2
2'363.1 2'530.8 2'802.0 4'102.0 4'416.0 0.0 0.0 4'078.3 5'318.1 1'101.0 1'101.0
5.76x 5.88x 6.00x 7.20x 4.43x #DIV/0! #DIV/0! 5.02x 3.80x 17.69x 17.69x
1'041.4 1'032.6 1'432.0 2'069.0 2'150.0 0.0 0.0 1'978.3 2'895.6 545.0 545.0
13.06x 14.40x 11.74x 14.28x 9.10x 0.00x 0.00x 10.39x 7.10x - -
134.3 248.1 557.0 908.0 1'117.0 0.0 0.0 871.3 1'382.3 250.0 250.0
94.52x 57.57x 30.47x 29.83x 15.49x 0.00x 0.00x 19.69x 12.52x 13.85x 12.27x
EBITDA 2'150.00 Long-Term Rating Date 19.10.2011
EBIT 1'589.00 Long-Term Rating BBB+
Operating Margin 35.98% Long-Term Outlook NEG
Pretax Margin 35.71% Short-Term Rating Date -
Return on Assets 3.86% Short-Term Rating -
Return on Common Equity 5.24%
Return on Capital 4.92% EBITDA/Interest Exp. 37.07
Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. 26.83
Net Debt/EBITDA 1.81
Gross Margin 41.0% Total Debt/EBITDA 1.87
EBITDA Margin 44.2%
EBIT Margin 29.9% Total Debt/Equity 16.1%
Net Income Margin 25.3% Total Debt/Capital 13.8%
Asset Turnover 0.19
Current Ratio 0.73 Net Fixed Asset Turnover 0.30
Quick Ratio 0.15 Accounts receivable turnover-days 24.20
Debt to Assets 11.74% Inventory Days 112.75
Tot Debt to Common Equity 16.08% Accounts Payable Turnover Day 59.13
Accounts Receivable Turnover 15.12 Cash Conversion Cycle 91.53
Inventory Turnover 3.25
Fiscal Year Ended
Newcrest Mining LtdPrice/Volume
Valuation Analysis
3'832'946.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
.-
.2
/-
/2
0-
02
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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1&- 9
3&- 9
5&- 9
.-&- 9
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.1&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
5'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 133'116'804 17.38 (1'276'099) 25.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 60'396'213 7.89 8'223'213 29.01.2013 Bank
FMR LLC n/a ULT-AGG 39'279'839 5.13 (8'644'020) 30.09.2012 Investment Advisor
FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 25'078'635 3.27 749'362 30.09.2012 Hedge Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 16'929'851 2.21 179'189 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 16'908'632 2.21 209'603 25.02.2013 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 7'910'782 1.03 (165'400) 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 6'121'417 0.8 - 31.08.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 5'722'469 0.75 2'406'041 31.12.2012 Investment Advisor
RUFFER LLP Multiple Portfolios MF-AGG 4'656'589 0.61 - 28.09.2012 Hedge Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'044'326 0.53 90'648 30.09.2012 Mutual Fund Manager
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 3'979'189 0.52 (101'011) 30.11.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 3'567'826 0.47 - 30.12.2012 Investment Advisor
WELLS FARGO FUNDS MA Multiple Portfolios MF-AGG 2'961'552 0.39 (40'000) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'829'427 0.37 (90'306) 31.12.2012 Investment Advisor
GAMCO n/a ULT-AGG 2'509'504 0.33 (16'600) 28.09.2012 Unclassified
NEW JERSEY DIVISION Multiple Portfolios MF-AGG 2'250'000 0.29 750'000 30.06.2012 Pension Fund (ERISA)
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 2'245'493 0.29 37'339 31.12.2012 Investment Advisor
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 2'201'893 0.29 54'959 31.12.2012 Mutual Fund Manager
TROY ASSET MANAGEMEN Multiple Portfolios MF-AGG 2'095'000 0.27 - 28.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DAVID COTTERELL buy 5 M 35 Not Provided 27.02.2013
Goldman Sachs IAN PRESTON neutral/attractive 3 M 23 12 month 26.02.2013
BMO Capital Markets DAVID HAUGHTON outperform 5 M 32 Not Provided 25.02.2013
Deutsche Bank BRETT MCKAY hold 3 M 25 12 month 08.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/Attractive 5 M 31 12 month 08.02.2013
RBC Capital Markets GEOFF BREEN outperform 5 M 30 12 month 08.02.2013
Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 29 Not Provided 08.02.2013
JPMorgan JOSEPH KIM neutral 3 M 27 9 month 08.02.2013
Macquarie MITCH RYAN outperform 5 M 30 12 month 08.02.2013
Commonwealth Bank ANDREW KNUCKEY neutral 3 M 27 12 month 08.02.2013
CIMB JAMES STEWART outperform 5 M 28 12 month 01.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
DJ Carmichael Pty Ltd PAUL ADAMS not rated #N/A N/A M #N/A N/A Not Provided 14.08.2012
Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 02.04.2012
Holdings By:
Newcrest Mining Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
AMP Limited provides life insurance, superannuation, asset management products,
pensions, retirement planning and other diversified financial services
throughout Australia and New Zealand. The Company services individual
customers, small businesses, corporations and associated superannuation funds.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 5.59
52-Week Low (26.06.2012) 3.71
Daily Volume
5.37
52-Week High % Change -3.94% Dividend Yield 4.93
52-Week Low % Change 44.74% Beta 1.16
% 52 Week Price Range High/Low 86.17% Equity Float 2'773.91
Shares Out 31.12.2012 2'930.4 Short Int -
15'736.37 1 Yr Total Return 36.78%
Total Debt 12'359.00 YTD Return 11.64%
Preferred Stock 0.0 Adjusted BETA 1.159
Minority Interest 68.0 Analyst Recs 15
Cash and Equivalents 4'652.00 Consensus Rating 2.867
Enterprise Value 24'752.37
Average Volume 5 Day 14'629'320
AMP AT EQUITY YTD Change - Average Volume 30 Day 10'528'980
AMP AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'106'636
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
(11'190.0) 10'742.0 7'462.0 5'436.0 - - - 13'454.0 16'298.0 - -
- 2.21x 2.52x 3.54x - - - 1.79x 1.45x - -
- - - - - - - - - - -
- - - - - - - - - - -
580.0 739.0 775.0 688.0 704.0 - - 970.8 1'086.7 - -
24.52x 18.45x 13.96x 15.48x 19.47x - - 16.42x 14.79x - -
EBITDA - Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 23.55% Long-Term Outlook -
Pretax Margin 12.38% Short-Term Rating Date -
Return on Assets 0.64% Short-Term Rating -
Return on Common Equity 10.24%
Return on Capital 6.46% EBITDA/Interest Exp. -
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 181.0%
Net Income Margin 12.7% Total Debt/Capital 64.2%
Asset Turnover 0.08
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 11.21% Inventory Days -
Tot Debt to Common Equity 180.98% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
AMP LtdPrice/Volume
Valuation Analysis
7'376'388.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
2&- 9
.-&- 9
.2&- 9
/-&- 9
/2&- 9
0-&- 9
02&- 9
-15'000.0
-10'000.0
-5'000.0
0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
/&--
0&--
1&--
2&--
3&--
4&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 90'851'830 3.1 (74'443'778) 11.09.2012 Bank
AMP LTD n/a EXCH 64'042'678 2.19 (4'345'242) 13.02.2013 Insurance Company
CAPITAL GROUP COMPAN n/a ULT-AGG 58'153'609 1.98 - 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 50'993'307 1.74 770'446 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 38'675'469 1.32 58'792 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 31'090'357 1.06 (292'244) 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 20'665'000 0.71 - 29.06.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 17'323'764 0.59 1'403'934 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 16'841'211 0.57 415'744 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 12'068'681 0.41 - 30.06.2011 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 11'419'825 0.39 - 14.09.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 7'669'238 0.26 2'183'181 31.12.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 6'852'582 0.23 1'686'100 30.06.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 6'660'101 0.23 (2'048'030) 31.12.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 5'518'000 0.19 - 30.06.2011 Investment Advisor
ABERDEEN n/a ULT-AGG 5'435'023 0.19 (2'477) 31.01.2013 Unclassified
UBS n/a ULT-AGG 5'170'092 0.18 - 31.10.2012 Unclassified
FMR LLC n/a ULT-AGG 4'480'126 0.15 (238'799) 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 4'409'860 0.15 45'558 28.12.2012 Mutual Fund Manager
CI INVESTMENTS INC Multiple Portfolios MF-AGG 3'768'500 0.13 1'012'150 31.08.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan SIDDHARTH PARAMESWARAN neutral 3 M 5 3 month 22.02.2013
Macquarie TIM LAWSON neutral 3 M 5 12 month 22.02.2013
Nomura TOBY LANGLEY neutral 3 M 5 Not Provided 22.02.2013
Deutsche Bank KIEREN CHIDGEY buy 5 M 6 12 month 21.02.2013
Morgan Stanley DANIEL TOOHEY Equalwt/Attractive 3 M 6 12 month 21.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 5 12 month 21.02.2013
Credit Suisse ANDREW ADAMS neutral 3 M 6 Not Provided 21.02.2013
CIMB RICHARD COLES neutral 3 M 5 12 month 21.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 5 12 month 21.02.2013
Commonwealth Bank ROSS CURRAN underweight 1 M 5 12 month 21.02.2013
Bell Potter LAFITANI SOTIRIOU buy 5 M 7 12 month 21.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
AMP Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
QBE Insurance Group Limited is an insurance company which underwrites most forms
of commercial and industrial insurance policies, as well as individual policies.
QBE also manages Lloyds syndicates and provides investment management services.
The Company provides its services both domestically and internationally.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (04.04.2012) 14.71
52-Week Low (05.12.2012) 10.02
Daily Volume
13.18
52-Week High % Change -10.40% Dividend Yield 3.87
52-Week Low % Change 31.54% Beta 1.21
% 52 Week Price Range High/Low 58.21% Equity Float 1'193.49
Shares Out 31.12.2012 1'196.7 Short Int -
15'773.13 1 Yr Total Return 20.59%
Total Debt 4'932.00 YTD Return 20.92%
Preferred Stock 0.0 Adjusted BETA 1.213
Minority Interest 59.0 Analyst Recs 15
Cash and Equivalents 2'025.00 Consensus Rating 2.867
Enterprise Value 19'031.73
Average Volume 5 Day 7'394'722
QBE AT EQUITY YTD Change - Average Volume 30 Day 5'580'509
QBE AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'176'937
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
10'603.6 10'933.1 12'021.0 16'135.0 17'011.0 - - 17'907.9 18'410.7 - -
2.12x 2.00x 1.76x 1.12x 0.97x - - 1.19x 1.15x - -
- - - - - - - - - - -
- - - - - - - - - - -
1'583.8 1'562.5 1'278.0 704.0 761.0 - - 1'368.3 1'512.6 - -
12.36x 13.03x 15.01x 20.46x 17.38x - - 13.06x 11.41x - -
EBITDA - Long-Term Rating Date 28.06.2012
EBIT - Long-Term Rating A
Operating Margin 7.40% Long-Term Outlook NEG
Pretax Margin 5.53% Short-Term Rating Date -
Return on Assets 1.56% Short-Term Rating -
Return on Common Equity 7.00%
Return on Capital 6.65% EBITDA/Interest Exp. -
Asset Turnover 0.35% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 43.4%
Net Income Margin 4.5% Total Debt/Capital 30.2%
Asset Turnover 0.35
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 9.72% Inventory Days -
Tot Debt to Common Equity 43.42% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
QBE Insurance Group LtdPrice/Volume
Valuation Analysis
8'349'924.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
./
.1
.3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.-&- 9
/-&- 9
0-&- 9
1-&- 9
2-&- 9
3-&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
18'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
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-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ABERDEEN n/a ULT-AGG 169'005'891 14.12 22'462'268 08.01.2013 Unclassified
CREDIT SUISSE AG n/a EXCH 125'774'584 10.51 (12'756'433) 18.03.2011 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 111'084'158 9.28 13'495'710 19.12.2012 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 32'716'423 2.73 (26'444'095) 31.08.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 20'632'535 1.72 323'284 31.12.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 17'776'192 1.49 991'300 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 12'606'528 1.05 (4'492) 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'830'982 0.57 146'001 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 6'365'000 0.53 - 29.06.2012 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 5'683'815 0.47 106'906 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 5'430'228 0.45 160'478 31.12.2012 Investment Advisor
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 4'484'726 0.37 - 28.09.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 3'631'156 0.3 - 30.06.2011 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 2'610'967 0.22 (2'088'890) 14.09.2012 Investment Advisor
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 2'577'880 0.22 67'133 30.11.2012 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 2'265'624 0.19 (15'523) 31.05.2012 Investment Advisor
TAUBE HODSON STONEX Multiple Portfolios MF-AGG 2'116'882 0.18 (107'370) 30.11.2012 Investment Advisor
UBS n/a ULT-AGG 1'952'414 0.16 (39'106) 28.12.2012 Unclassified
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'942'512 0.16 9'288 28.12.2012 Mutual Fund Manager
ALLIANZ ASSET MANAGE n/a ULT-AGG 1'716'057 0.14 20'996 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan SIDDHARTH PARAMESWARAN neutral 3 M 14 12 month 27.02.2013
Macquarie TIM LAWSON neutral 3 M 13 12 month 27.02.2013
Deutsche Bank KIEREN CHIDGEY buy 5 U 14 12 month 26.02.2013
Morgan Stanley DANIEL TOOHEY Equalwt/Attractive 3 M 12 12 month 26.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 12 12 month 26.02.2013
Credit Suisse ANDREW ADAMS outperform 5 M 13 Not Provided 26.02.2013
CIMB RICHARD COLES neutral 3 M 13 12 month 26.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 10 12 month 26.02.2013
Commonwealth Bank ROSS CURRAN underweight 1 M 12 12 month 26.02.2013
Nomura TOBY LANGLEY buy 5 M 15 Not Provided 26.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 17.01.2013
Shaw Stockbroking TIM BUCKLEY buy 5 U #N/A N/A Not Provided 10.03.2010
Holdings By:
QBE Insurance Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Suncorp Group Ltd. offers retail and business banking, life and general
insurance, superannuation and funds management services. The Company's
services include personal banking and loans, personal insurance products,
credit cards, pension savings accounts, term deposits, property development
finance, commercial lending, investments and lease financing.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.02.2013) 11.98
52-Week Low (04.06.2012) 7.33
Daily Volume
11.17
52-Week High % Change -6.76% Dividend Yield 4.03
52-Week Low % Change 52.47% Beta 0.94
% 52 Week Price Range High/Low 84.53% Equity Float 1'272.74
Shares Out 31.12.2012 1'286.6 Short Int -
14'371.33 1 Yr Total Return 45.57%
Total Debt 56'254.00 YTD Return 12.17%
Preferred Stock 0.0 Adjusted BETA 0.942
Minority Interest 17.0 Analyst Recs 16
Cash and Equivalents 866.00 Consensus Rating 4.000
Enterprise Value 69'682.33
Average Volume 5 Day 9'030'830
SUN AT EQUITY YTD Change - Average Volume 30 Day 5'543'147
SUN AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'497'475
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
11'345.0 12'199.0 13'122.0 13'242.0 15'088.0 - - 8'368.5 8'827.0 - -
5.36x 4.79x 4.52x 4.84x 4.36x - - 2.95x 2.76x - -
- - - - - - - - - - -
- - - - - - - - - - -
583.0 348.0 780.0 453.0 724.0 - - 1'068.6 1'201.1 - -
21.65x 21.19x 13.01x 22.89x 14.27x - - 13.71x 12.23x - -
EBITDA - Long-Term Rating Date 06.02.2012
EBIT - Long-Term Rating A
Operating Margin 27.23% Long-Term Outlook STABLE
Pretax Margin 6.38% Short-Term Rating Date 07.01.2009
Return on Assets 0.97% Short-Term Rating A-1
Return on Common Equity 6.40%
Return on Capital 4.15% EBITDA/Interest Exp. -
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 398.7%
Net Income Margin 4.8% Total Debt/Capital 79.9%
Asset Turnover 0.17
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 58.56% Inventory Days -
Tot Debt to Common Equity 398.68% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Suncorp Group LtdPrice/Volume
Valuation Analysis
6'517'692.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
./
.1
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/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
.1&- 9
.3&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
.-&--
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.1&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 63'173'610 4.91 (1'373'324) 03.09.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 22'669'872 1.76 271'887 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 17'771'931 1.38 (38'675) 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 12'603'307 0.98 - 17.08.2012 Investment Advisor
CPU SHARE PLANS PTY n/a Co File 9'606'366 0.75 1'653'897 17.08.2012 n/a
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 9'513'588 0.74 4'174'649 14.09.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 7'711'303 0.6 - 17.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 7'456'729 0.58 182'332 30.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 6'267'519 0.49 (257'077) 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 6'233'489 0.48 406 31.12.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 4'238'276 0.33 42'200 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a EXCH 3'510'894 0.27 - 06.02.2013 Investment Advisor
UBS n/a ULT-AGG 3'004'284 0.23 192'796 28.12.2012 Unclassified
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 3'001'809 0.23 (7'155) 31.12.2012 Investment Advisor
MILTON CORP LTD n/a Co File 2'832'882 0.22 - 17.08.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'695'980 0.21 - 31.07.2012 Investment Advisor
UNION INVESTMENT GMB Multiple Portfolios MF-AGG 1'988'500 0.15 - 28.09.2012 Investment Advisor
SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 1'988'146 0.15 - 30.11.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'983'701 0.15 17'971 28.12.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 1'913'797 0.15 82'152 31.08.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions AUSTIN BURKETT buy 5 U #N/A N/A Not Provided 26.02.2013
Nomura TOBY LANGLEY buy 5 M 13 Not Provided 22.02.2013
JPMorgan SIDDHARTH PARAMESWARAN overweight 5 M 13 12 month 21.02.2013
Macquarie TIM LAWSON underperform 1 M 10 12 month 21.02.2013
Deutsche Bank KIEREN CHIDGEY buy 5 M 12 12 month 20.02.2013
Morgan Stanley DANIEL TOOHEY Equalwt/Attractive 3 M 11 12 month 20.02.2013
Goldman Sachs RYAN FISHER Buy/Neutral 5 M 11 12 month 20.02.2013
Credit Suisse ANDREW ADAMS neutral 3 M 12 Not Provided 20.02.2013
CIMB RICHARD COLES outperform 5 M 12 12 month 20.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 11 12 month 20.02.2013
Commonwealth Bank ROSS CURRAN neutral 3 D 11 12 month 20.02.2013
Bell Potter T S LIM buy 5 M 12 12 month 20.02.2013
Holdings By:
Suncorp Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Brambles Limited is a global support services group which provides pallet and
plastic container pooling services and information management services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.02.2013) 8.78
52-Week Low (12.07.2012) 6.04
Daily Volume
8.57
52-Week High % Change -2.39% Dividend Yield 3.13
52-Week Low % Change 41.89% Beta 0.89
% 52 Week Price Range High/Low 89.05% Equity Float 1'467.69
Shares Out 25.02.2013 1'556.7 Short Int -
13'340.62 1 Yr Total Return 24.88%
Total Debt 2'864.10 YTD Return 14.11%
Preferred Stock 0.0 Adjusted BETA 0.889
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 174.20 Consensus Rating 3.429
Enterprise Value 16'265.65
Average Volume 5 Day 5'308'716
BXB AT EQUITY YTD Change - Average Volume 30 Day 3'877'304
BXB AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'726'528
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
4'358.6 4'018.6 4'146.8 4'672.2 5'625.0 - - 5'975.0 6'397.9 - -
3.21x 2.21x 2.01x 3.09x 2.20x - - 2.74x 2.54x - -
1'356.5 1'147.9 1'143.9 1'089.5 1'532.4 - - 1'655.9 1'830.8 - -
10.31x 7.75x 7.29x 13.25x 8.08x - - 9.82x 8.88x - -
648.7 452.6 448.8 247.0 576.3 - - 703.1 795.6 - -
18.20x 15.38x 14.68x 23.72x 16.25x - - 19.44x 17.25x - -
EBITDA 1'532.40 Long-Term Rating Date 21.12.2009
EBIT 980.20 Long-Term Rating BBB+
Operating Margin 17.43% Long-Term Outlook STABLE
Pretax Margin 13.99% Short-Term Rating Date -
Return on Assets 8.15% Short-Term Rating -
Return on Common Equity 23.76%
Return on Capital 12.66% EBITDA/Interest Exp. 9.80
Asset Turnover 0.78% (EBITDA-Capex)/Interest Exp. 3.73
Net Debt/EBITDA 1.49
Gross Margin - Total Debt/EBITDA 1.57
EBITDA Margin 29.1%
EBIT Margin 18.4% Total Debt/Equity 104.5%
Net Income Margin 10.2% Total Debt/Capital 51.1%
Asset Turnover 0.78
Current Ratio 0.96 Net Fixed Asset Turnover 1.51
Quick Ratio 0.70 Accounts receivable turnover-days 60.60
Debt to Assets 37.96% Inventory Days -
Tot Debt to Common Equity 104.51% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.04 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Brambles LtdPrice/Volume
Valuation Analysis
4'334'330.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-./0123456
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BAILLIE GIFFORD AND n/a Co File 92'229'027 5.92 - 07.08.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 78'838'646 5.06 2'862'568 05.12.2012 Bank
SCHRODER INVESTMENT n/a EXCH 78'187'751 5.02 - 19.09.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 68'163'075 4.38 (10'075'237) 26.11.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 45'280'609 2.91 380'021 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 19'210'836 1.23 260'626 26.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 16'547'321 1.06 8'972 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 13'340'696 0.86 - 07.08.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 10'063'530 0.65 - 07.08.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 8'394'062 0.54 (757'059) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'252'496 0.53 204'980 30.09.2012 Mutual Fund Manager
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 5'565'884 0.36 118'472 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 4'756'341 0.31 - 07.08.2012 Investment Advisor
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 4'529'077 0.29 (61'498) 31.12.2012 Investment Advisor
GENERAL ELECTRIC COM Multiple Portfolios MF-AGG 3'900'712 0.25 (620'326) 31.12.2012 Corporation
QUEENSLAND INVESTMEN n/a Co File 3'196'461 0.21 - 07.08.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 3'059'333 0.2 - 31.10.2012 Investment Advisor
UBS n/a ULT-AGG 2'991'113 0.19 (5'698) 28.12.2012 Unclassified
FMR LLC n/a ULT-AGG 2'971'162 0.19 (113'480) 31.12.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 2'586'000 0.17 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan SCOTT CARROLL overweight 5 M 9 9 month 22.02.2013
Macquarie RUSSELL SHAW outperform 5 M 9 12 month 22.02.2013
Deutsche Bank CAMERON MCDONALD buy 5 M 9 12 month 21.02.2013
Morgan Stanley SCOTT KELLY Equalwt/In-Line 3 M 8 12 month 21.02.2013
Goldman Sachs ANDREW GIBSON neutral/neutral 3 M 9 12 month 21.02.2013
Credit Suisse NICHOLAS MARKIEWICZ outperform 5 M 10 Not Provided 21.02.2013
CIMB MARK WILLIAMS underperform 1 M 8 12 month 21.02.2013
Commonwealth Bank MATT CROWE neutral 3 M 9 12 month 21.02.2013
Nomura DAVID FRASER neutral 3 M 8 Not Provided 21.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Evans & Partners Pty Ltd PAUL RYAN neutral 3 D #N/A N/A Not Provided 17.08.2012
Holdings By:
Brambles Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Origin Energy Limited is an integrated energy company. The Company focuses on
gas and oil exploration and production, electricity and renewable power
generation and energy retailing. Origin also invests in renewable energy
technologies, including geothermal, wind, hydro and solar.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 14.15
52-Week Low (16.11.2012) 9.84
Daily Volume
11.9
52-Week High % Change -15.90% Dividend Yield 4.20
52-Week Low % Change 20.93% Beta 0.99
% 52 Week Price Range High/Low 44.78% Equity Float 1'064.36
Shares Out 31.01.2013 1'094.0 Short Int -
13'018.97 1 Yr Total Return -9.01%
Total Debt 5'879.00 YTD Return 4.58%
Preferred Stock 0.0 Adjusted BETA 0.990
Minority Interest 1'364.0 Analyst Recs 13
Cash and Equivalents 368.00 Consensus Rating 3.769
Enterprise Value 19'893.97
Average Volume 5 Day 7'968'804
ORG AT EQUITY YTD Change - Average Volume 30 Day 3'847'562
ORG AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'151'657
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
8'275.0 8'042.0 8'534.0 10'344.0 12'935.0 - - 14'445.8 14'773.9 - -
2.25x 1.70x 1.99x 2.14x 1.56x - - 1.45x 1.52x - -
1'260.0 1'144.0 1'209.0 1'443.0 2'067.0 - - 2'234.7 2'448.5 - -
14.75x 11.95x 14.06x 15.34x 9.76x - - 8.90x 8.12x - -
517.0 6'941.0 612.0 186.0 980.0 - - 781.2 884.1 - -
37.93x 1.85x 21.43x 80.56x 13.47x - - 16.64x 14.86x - -
EBITDA 2'067.00 Long-Term Rating Date 20.02.2013
EBIT 1'453.00 Long-Term Rating BBB
Operating Margin 11.23% Long-Term Outlook STABLE
Pretax Margin 10.51% Short-Term Rating Date 31.03.2011
Return on Assets 3.57% Short-Term Rating A-2
Return on Common Equity 7.74%
Return on Capital 6.79% EBITDA/Interest Exp. 6.34
Asset Turnover 0.47% (EBITDA-Capex)/Interest Exp. 2.12
Net Debt/EBITDA 2.67
Gross Margin - Total Debt/EBITDA 2.84
EBITDA Margin 16.0%
EBIT Margin 11.2% Total Debt/Equity 44.9%
Net Income Margin 7.6% Total Debt/Capital 28.9%
Asset Turnover 0.47
Current Ratio 0.92 Net Fixed Asset Turnover 1.22
Quick Ratio 0.29 Accounts receivable turnover-days 24.86
Debt to Assets 21.01% Inventory Days -
Tot Debt to Common Equity 44.90% Accounts Payable Turnover Day -
Accounts Receivable Turnover 14.72 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Origin Energy LtdPrice/Volume
Valuation Analysis
4'623'392.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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1
3
5
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0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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3&--
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-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 50'870'668 4.65 (3'151'593) 14.09.2011 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 19'079'650 1.74 222'393 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 12'727'991 1.16 1'305'387 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 11'853'254 1.08 11'178 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 8'813'495 0.81 - 22.08.2012 Investment Advisor
BOND STREET CUSTODIA n/a Co File 7'919'254 0.72 - 22.08.2012 Other
AUSTRALIAN FOUNDATIO n/a Co File 7'202'045 0.66 - 22.08.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 6'689'947 0.61 - 22.08.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 6'365'263 0.58 - 22.08.2012 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 6'022'949 0.55 1'017'011 14.09.2012 Investment Advisor
PERPETUAL TRUSTEE CO n/a Co File 5'854'160 0.54 - 22.08.2012 Corporation
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'750'794 0.53 134'049 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 5'240'735 0.48 (150'617) 31.08.2011 Investment Advisor
INVIA CUSTODIAN PTY n/a Co File 3'759'261 0.34 - 22.08.2012 Investment Advisor
BT PORTFOLIO SERVICE n/a Co File 3'015'651 0.28 - 22.08.2012 Corporation
NAVIGATOR AUSTRALIA n/a Co File 2'950'639 0.27 - 22.08.2012 Corporation
BNP PARIBAS n/a Co File 2'934'059 0.27 - 22.08.2012 Investment Advisor
PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 2'329'702 0.21 266'079 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'196'547 0.2 - 31.07.2012 Investment Advisor
UBS n/a ULT-AGG 1'959'486 0.18 5'095 28.12.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan JASON HARLEY STEED overweight 5 M 14 9 month 22.02.2013
Commonwealth Bank WILLIAM ALLOTT overweight 5 M 15 12 month 22.02.2013
Deutsche Bank JOHN HIRJEE hold 3 M 14 12 month 21.02.2013
Morgan Stanley STUART BAKER Underwt/In-Line 1 M 10 12 month 21.02.2013
Goldman Sachs MARK WISEMAN neutral/neutral 3 M 13 12 month 21.02.2013
RBC Capital Markets PAUL A JOHNSTON sector perform 3 M 12 12 month 21.02.2013
Credit Suisse BENJAMIN MCVICAR neutral 3 M 12 Not Provided 21.02.2013
Macquarie ADRIAN WOOD outperform 5 M 15 12 month 21.02.2013
EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 15.01.2013
Nomura RICHARD J JOHNSON suspended coverage #N/A N/A M #N/A N/A Not Provided 29.04.2012
Holdings By:
Origin Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Macquarie Group Ltd. offers banking, financial advisory, investment and funds
management services. The Company offers financial advice, cash management,
wealth management and private banking, life insurance, securities brokerage,
corporate debt financing, real estate funds management, real estate development
financing, investment funds management, and foreign exchange services.
Latest Fiscal Year: 03/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 39.80
52-Week Low (25.07.2012) 23.56
Daily Volume
37.53
52-Week High % Change -5.70% Dividend Yield 4.00
52-Week Low % Change 59.30% Beta 1.35
% 52 Week Price Range High/Low 89.04% Equity Float 302.93
Shares Out 25.02.2013 339.2 Short Int -
12'804.00 1 Yr Total Return 46.25%
Total Debt 62'033.00 YTD Return 5.75%
Preferred Stock 0.0 Adjusted BETA 1.355
Minority Interest 529.0 Analyst Recs 15
Cash and Equivalents 18'417.00 Consensus Rating 2.733
Enterprise Value -
Average Volume 5 Day 1'634'160
MQG AT EQUITY YTD Change - Average Volume 30 Day 1'522'233
MQG AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'398'893
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 01/yy 01/yy 03/13 Y 03/14 Y - -
13'796.0 12'533.0 9'863.0 11'585.0 10'992.0 - - 6'597.4 7'237.8 - -
- - - - - - - -0.79x -0.82x - -
- - - - - - - - - - -
- - - - - - - - - - -
1'803.0 871.0 1'050.0 956.0 730.0 - - 821.3 1'051.0 - -
7.88x 8.74x 14.76x 12.96x 13.84x - - 16.15x 12.47x - -
EBITDA - Long-Term Rating Date 01.12.2011
EBIT - Long-Term Rating BBB
Operating Margin 12.17% Long-Term Outlook STABLE
Pretax Margin 15.08% Short-Term Rating Date 16.11.2007
Return on Assets 0.47% Short-Term Rating A-2
Return on Common Equity 6.87%
Return on Capital 1.01% EBITDA/Interest Exp. -
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 553.7%
Net Income Margin 10.5% Total Debt/Capital 84.1%
Asset Turnover 0.06
Current Ratio - Net Fixed Asset Turnover 2.04
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 40.38% Inventory Days -
Tot Debt to Common Equity 553.72% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Macquarie Group LtdPrice/Volume
Valuation Analysis
1'130'828.00
Current Price (2/dd/yy) Market Data
-2
.-
.2/-/20-021-12
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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2&- 9
3&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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0&--
1&--
2&--
3&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MACQUARIE GROUP LTD n/a ULT-AGG 34'192'115 10.08 - 11.10.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 10'328'781 3.05 (14'138'005) 14.05.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'876'255 1.73 89'474 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 4'185'856 1.23 11'910 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 3'542'784 1.04 847 25.02.2013 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 2'208'895 0.65 (257'958) 14.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'025'272 0.6 55'997 30.09.2012 Mutual Fund Manager
ALLIANCE BERNSTEIN n/a ULT-AGG 1'910'686 0.56 (15'210) 31.12.2012 Investment Advisor
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 1'879'326 0.55 - 28.09.2012 Investment Advisor
MOORE NICHOLAS WILLI n/a EXCH 1'304'884 0.38 - 01.11.2012 n/a
SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 1'095'907 0.32 (52'500) 30.11.2012 Investment Advisor
FMR LLC n/a ULT-AGG 823'071 0.24 (318'732) 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 692'391 0.2 (677'092) 26.02.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 667'845 0.2 - 31.07.2012 Investment Advisor
PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 575'605 0.17 (30'381) 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 503'553 0.15 5'395 28.12.2012 Mutual Fund Manager
PRUDENTIAL FINANCIAL n/a ULT-AGG 429'921 0.13 (14'434) 31.12.2012 Investment Advisor
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 404'490 0.12 (11'813) 31.12.2012 Investment Advisor
GUARDIAN CAPITAL INC Multiple Portfolios MF-AGG 354'629 0.1 - 30.09.2012 Mutual Fund Manager
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 310'295 0.09 - 31.12.2010 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
CIMB JOHN BUONACCORSI neutral 3 M 34 12 month 06.02.2013
Deutsche Bank JAMES FREEMAN hold 3 M 35 12 month 05.02.2013
Morgan Stanley RICHARD E WILES Equalwt/In-Line 3 M 35 12 month 05.02.2013
Credit Suisse JAMES ELLIS outperform 5 M 42 Not Provided 05.02.2013
JPMorgan SCOTT MANNING neutral 3 M 37 9 month 05.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 30 12 month 05.02.2013
Commonwealth Bank ROSS CURRAN underweight 1 M 33 12 month 05.02.2013
Nomura VICTOR GERMAN neutral 3 M 35 Not Provided 05.02.2013
Bell Potter T S LIM hold 3 M 38 12 month 05.02.2013
Goldman Sachs BENJAMIN KOO neutral/neutral 3 M 32 12 month 18.01.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Macquarie Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Santos Limited explores for and produces natural gas, crude oil, condensate,
naphtha and liquid petroleum gas. The Company conducts major onshore and
offshore petroleum exploration activities at oil and gas fields in Australia
(Cooper/Eromanga Basins), the United States (Gulf of Mexico), Indonesia and
Papua New Guinea. The Company also transports crude oil by pipeline.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (14.03.2012) 14.63
52-Week Low (18.07.2012) 10.04
Daily Volume
13.13
52-Week High % Change -10.25% Dividend Yield 2.28
52-Week Low % Change 30.78% Beta 1.15
% 52 Week Price Range High/Low 57.30% Equity Float 961.01
Shares Out 14.02.2013 961.3 Short Int -
12'621.32 1 Yr Total Return -5.01%
Total Debt 3'261.00 YTD Return 18.29%
Preferred Stock 0.0 Adjusted BETA 1.145
Minority Interest (4.0) Analyst Recs 14
Cash and Equivalents 3'332.00 Consensus Rating 4.143
Enterprise Value 13'233.32
Average Volume 5 Day 5'649'000
STO AT EQUITY YTD Change - Average Volume 30 Day 3'721'978
STO AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'745'311
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
2'761.8 2'181.0 2'228.0 2'530.0 3'220.0 - - 3'483.8 3'751.9 - -
3.69x 5.15x 4.64x 4.54x - - - 4.81x 4.75x - -
1'737.8 1'151.0 1'194.0 1'406.0 - - - 1'850.4 2'052.2 - -
5.86x 9.76x 8.66x 8.17x - - - 7.15x 6.45x - -
1'650.1 434.0 500.0 753.0 519.0 - - 570.3 617.0 - -
5.45x 27.04x 21.99x 14.43x 20.40x - - 22.22x 20.87x - -
EBITDA 1'406.00 Long-Term Rating Date 12.01.2011
EBIT 765.00 Long-Term Rating BBB+
Operating Margin 30.24% Long-Term Outlook NEG
Pretax Margin 50.67% Short-Term Rating Date 12.01.2011
Return on Assets 3.33% Short-Term Rating A-2
Return on Common Equity 5.92%
Return on Capital 4.32% EBITDA/Interest Exp. 7.32
Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. -5.26
Net Debt/EBITDA 0.43
Gross Margin 38.3% Total Debt/EBITDA 2.44
EBITDA Margin 49.5%
EBIT Margin 27.5% Total Debt/Equity 36.4%
Net Income Margin 16.1% Total Debt/Capital 26.7%
Asset Turnover 0.19
Current Ratio 3.12 Net Fixed Asset Turnover 0.32
Quick Ratio 2.40 Accounts receivable turnover-days 106.22
Debt to Assets 20.62% Inventory Days 65.15
Tot Debt to Common Equity 36.37% Accounts Payable Turnover Day 159.82
Accounts Receivable Turnover 3.45 Cash Conversion Cycle -31.26
Inventory Turnover 5.62
Fiscal Year Ended
Santos LtdPrice/Volume
Valuation Analysis
5'407'745.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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3
5
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500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
EM INDUSTRIES INCORP n/a EXCH 28'425'292 2.96 - 02.03.2012 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 27'761'769 2.89 (20'492'896) 29.08.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 16'847'940 1.75 268'236 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 10'520'608 1.09 6'085 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 7'788'000 0.81 - 29.06.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 6'416'291 0.67 3'592'304 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 5'773'493 0.6 - 25.02.2013 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 5'427'150 0.56 340'989 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'027'889 0.52 146'425 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 3'648'136 0.38 - 30.06.2011 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'338'808 0.35 (1'382'426) 31.12.2012 Investment Advisor
NEW JERSEY DIVISION Multiple Portfolios MF-AGG 2'200'000 0.23 (2'172'657) 30.06.2012 Pension Fund (ERISA)
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 1'889'364 0.2 (45'000) 31.12.2012 Mutual Fund Manager
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 1'810'000 0.19 - 30.06.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'779'140 0.19 - 31.07.2012 Investment Advisor
DAIWA SB INVESTMENTS Multiple Portfolios MF-AGG 1'458'700 0.15 - 24.07.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'456'753 0.15 16'281 28.12.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 1'180'793 0.12 (414'022) 31.12.2012 Investment Advisor
ROYAL BANK OF CANADA n/a ULT-AGG 800'000 0.08 5'000 28.09.2012 Bank
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 785'393 0.08 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 26.02.2013
Morgan Stanley STUART BAKER Overwt/Attractive 5 M 15 12 month 24.02.2013
Macquarie ADRIAN WOOD outperform 5 M 17 12 month 23.02.2013
Deutsche Bank JOHN HIRJEE buy 5 M 16 12 month 22.02.2013
Goldman Sachs MARK WISEMAN Buy/Neutral 5 M 15 12 month 22.02.2013
RBC Capital Markets ANDREW WILLIAMS underperform 1 M 14 12 month 22.02.2013
Credit Suisse PAUL MCTAGGART neutral 3 D 13 Not Provided 22.02.2013
JPMorgan BENJAMIN X. WILSON overweight 5 M 17 9 month 22.02.2013
Sanford C. Bernstein & Co NEIL BEVERIDGE market perform 3 M 13 12 month 22.02.2013
Commonwealth Bank LUKE SMITH overweight 5 M 14 12 month 22.02.2013
Bell Potter JOHAN HEDSTROM buy 5 M 17 12 month 22.02.2013
Nomura RICHARD J JOHNSON suspended coverage #N/A N/A M #N/A N/A Not Provided 29.04.2012
Intersuisse Ltd NICK WIRUBOV buy 5 N 16 Not Provided 27.10.2010
Holdings By:
Santos Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Insurance Australia Group Limited (IAG) is an Australian-based international
general insurance group, with operations in Australia, New Zealand, the United
Kingdom and Asia. The Group provides a range of personal and commercial
insurance products, primarily motor vehicle and home insurance.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 5.80
52-Week Low (02.03.2012) 3.13
Daily Volume
5.75
52-Week High % Change -0.86% Dividend Yield 4.00
52-Week Low % Change 83.71% Beta 0.88
% 52 Week Price Range High/Low 95.74% Equity Float 2'075.78
Shares Out 31.12.2012 2'079.0 Short Int -
11'954.45 1 Yr Total Return 83.23%
Total Debt 1'659.00 YTD Return 22.60%
Preferred Stock 0.0 Adjusted BETA 0.880
Minority Interest 181.0 Analyst Recs 17
Cash and Equivalents 969.00 Consensus Rating 3.471
Enterprise Value 13'274.45
Average Volume 5 Day 7'929'420
IAG AT EQUITY YTD Change - Average Volume 30 Day 6'168'485
IAG AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'667'230
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
8'174.0 8'409.0 7'999.0 8'180.0 9'120.0 - - 9'271.1 9'749.6 - -
0.83x 0.96x 1.03x 0.99x 0.88x - - 1.11x 1.04x - -
- - - - - - - - - - -
- - - - - - - - - - -
(261.0) 181.0 91.0 250.0 207.0 - - 1'025.7 878.0 - -
- 37.66x 77.68x 28.15x 34.77x - - 12.23x 13.76x - -
EBITDA - Long-Term Rating Date -
EBIT - Long-Term Rating A+
Operating Margin 9.31% Long-Term Outlook STABLE
Pretax Margin 4.86% Short-Term Rating Date -
Return on Assets 2.10% Short-Term Rating -
Return on Common Equity 11.74%
Return on Capital 11.04% EBITDA/Interest Exp. -
Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 38.2%
Net Income Margin 2.3% Total Debt/Capital 26.8%
Asset Turnover 0.37
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 6.60% Inventory Days -
Tot Debt to Common Equity 38.20% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Insurance Australia Group LtdPrice/Volume
Valuation Analysis
12'687'237.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
9'000.0
10'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 126'098'642 6.07 (21'512'767) 17.09.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 89'792'616 4.32 (17'787'614) 20.04.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 36'799'574 1.77 634'062 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 22'224'779 1.07 6'636 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 21'206'421 1.02 - 02.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 12'063'743 0.58 383'455 30.09.2012 Mutual Fund Manager
QUEENSLAND INVESTMEN n/a Co File 10'449'527 0.5 - 02.08.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 9'176'866 0.44 - 31.12.2012 Investment Advisor
NMRA TREASURY LTD n/a Co File 9'000'000 0.43 - 02.08.2012 n/a
ARGO INVESTMENTS LTD n/a Co File 6'303'333 0.3 - 02.08.2012 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 5'230'649 0.25 164'531 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 4'075'512 0.2 97'274 31.08.2011 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 3'185'924 0.15 31'557 28.12.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'879'784 0.14 (581'940) 31.10.2012 Investment Advisor
UBS n/a ULT-AGG 2'735'902 0.13 (205'710) 31.10.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'597'674 0.12 - 31.07.2012 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 2'538'000 0.12 - 29.06.2012 Investment Advisor
ROYAL BANK OF CANADA n/a ULT-AGG 2'315'000 0.11 (414'084) 28.09.2012 Bank
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 2'152'000 0.1 - 30.06.2011 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 1'996'312 0.1 (9'156) 31.01.2013 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan SIDDHARTH PARAMESWARAN overweight 5 M 6 9 month 22.02.2013
Macquarie TIM LAWSON neutral 3 M 5 12 month 22.02.2013
Nomura TOBY LANGLEY neutral 3 M 6 Not Provided 22.02.2013
Deutsche Bank KIEREN CHIDGEY hold 3 M 5 12 month 21.02.2013
Morgan Stanley DANIEL TOOHEY Overwt/Attractive 5 M 6 12 month 21.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 5 12 month 21.02.2013
Credit Suisse ANDREW ADAMS neutral 3 M 6 Not Provided 21.02.2013
CIMB RICHARD COLES neutral 3 M 5 12 month 21.02.2013
BBY Limited BRETT LE MESURIER buy 5 M 6 12 month 21.02.2013
Commonwealth Bank ROSS CURRAN overweight 5 M 6 12 month 21.02.2013
Bell Potter T S LIM buy 5 U 6 12 month 21.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
E.L. & C. Baillieu NICK CALEY buy 5 M 4 12 month 03.08.2012
Holdings By:
Insurance Australia Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Amcor Limited is an international integrated packaging company offering
packaging and related services. Amcor primarily produces a wide range of
packaging products which include corrugated boxes, cartons, aluminum and steel
cans, flexible plastic packaging, PET plastic bottles and jars, and multi-wall
sacks.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 9.67
52-Week Low (07.03.2012) 6.72
Daily Volume
9.24
52-Week High % Change -4.45% Dividend Yield 4.17
52-Week Low % Change 37.50% Beta 0.64
% 52 Week Price Range High/Low 80.00% Equity Float 1'198.54
Shares Out 31.12.2012 1'206.7 Short Int -
11'149.77 1 Yr Total Return 40.86%
Total Debt 4'057.10 YTD Return 16.92%
Preferred Stock 0.0 Adjusted BETA 0.639
Minority Interest 88.5 Analyst Recs 13
Cash and Equivalents 357.60 Consensus Rating 3.231
Enterprise Value 15'006.77
Average Volume 5 Day 4'765'737
AMC AT EQUITY YTD Change - Average Volume 30 Day 3'706'895
AMC AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'044'409
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
9'234.9 9'535.4 9'849.5 12'412.3 12'192.9 - - 12'528.5 13'323.8 - -
0.71x 0.73x 1.11x 0.98x 1.01x - - 1.18x 1.09x - -
998.2 1'037.8 1'132.1 1'299.2 1'443.5 - - 1'624.5 1'760.9 - -
6.54x 6.68x 9.64x 9.33x 8.54x - - 9.24x 8.52x - -
258.8 211.7 183.0 356.7 412.6 - - 684.0 760.1 - -
18.77x 19.65x 40.38x 24.74x 20.85x - - 16.44x 14.71x - -
EBITDA 1'443.50 Long-Term Rating Date 18.09.2009
EBIT 948.00 Long-Term Rating BBB
Operating Margin 7.78% Long-Term Outlook STABLE
Pretax Margin 4.65% Short-Term Rating Date 18.09.2009
Return on Assets 4.04% Short-Term Rating A-2
Return on Common Equity 13.10%
Return on Capital 8.47% EBITDA/Interest Exp. 6.53
Asset Turnover 1.10% (EBITDA-Capex)/Interest Exp. 3.34
Net Debt/EBITDA 2.67
Gross Margin 16.9% Total Debt/EBITDA 2.92
EBITDA Margin 11.6%
EBIT Margin 7.7% Total Debt/Equity 123.3%
Net Income Margin 3.4% Total Debt/Capital 54.6%
Asset Turnover 1.10
Current Ratio 0.89 Net Fixed Asset Turnover 2.67
Quick Ratio 0.43 Accounts receivable turnover-days 47.21
Debt to Assets 35.79% Inventory Days 58.36
Tot Debt to Common Equity 123.27% Accounts Payable Turnover Day 88.40
Accounts Receivable Turnover 7.75 Cash Conversion Cycle 32.99
Inventory Turnover 6.27
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Amcor Ltd/AustraliaPrice/Volume
Valuation Analysis
2'660'870.00
Current Price (2/dd/yy) Market Data
-./0123456
.-
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.3&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG 115'099'109 9.54 - 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 24'019'378 1.99 799'325 31.12.2012 Investment Advisor
HARRIS ASSOCIATES LP Multiple Portfolios MF-AGG 22'384'900 1.86 (4'303'100) 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 19'862'669 1.65 206'114 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 16'554'447 1.37 6'760 25.02.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 15'700'084 1.3 (2'416) 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 12'623'653 1.05 - 07.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'936'653 0.74 714'233 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 7'967'441 0.66 - 07.08.2012 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 7'767'978 0.64 1'296'277 14.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 7'165'417 0.59 (584'142) 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 4'614'711 0.38 - 07.08.2012 Investment Advisor
EATON VANCE MANAGEME Multiple Portfolios MF-AGG 2'863'528 0.24 401 31.12.2012 Investment Advisor
THE SENIOR MASTER OF n/a Co File 2'769'033 0.23 - 07.08.2012 Other
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'501'240 0.21 228'151 30.06.2012 Investment Advisor
CPU SHARE PLANS PTY n/a Co File 2'500'000 0.21 - 07.08.2012 n/a
PACIFIC LIFE INSURAN Multiple Portfolios MF-AGG 2'499'508 0.21 184'738 31.01.2013 Insurance Company
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 2'401'734 0.2 35'006 31.12.2012 Investment Advisor
MACKENZIE KENNETH NO n/a EXCH 2'278'381 0.19 - 30.11.2012 n/a
ALPINE WOODS CAPITAL Multiple Portfolios MF-AGG 2'053'400 0.17 - 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 22.02.2013
JPMorgan STUART JACKSON underweight 1 M 9 9 month 20.02.2013
Nomura RICHARD J JOHNSON reduce 2 D 9 Not Provided 20.02.2013
Macquarie JOHN PURTELL outperform 5 M 10 12 month 19.02.2013
Deutsche Bank MARK WILSON buy 5 M 9 12 month 18.02.2013
Goldman Sachs JAMES HANNAM neutral/neutral 3 M 9 12 month 18.02.2013
Credit Suisse LARRY GANDLER outperform 5 U 10 Not Provided 18.02.2013
CIMB ANDREW G SCOTT outperform 5 M 10 12 month 18.02.2013
Commonwealth Bank MICHAEL WARD underweight 1 M 9 12 month 18.02.2013
Goldman Sachs ANDREW GIBSON hold 3 M 8 Not Provided 12.01.2012
Holdings By:
Amcor Ltd/Australia ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Orica Limited is a diversified manufacturing company. The Company produces
industrial and specialty chemicals, polyethylene, surface coatings for vehicles,
food and beverage flavoring and fragrances, packaging and appliances. The
Company also supplies explosive and blasting services to the mining, quarrying
and construction industries.
Latest Fiscal Year: 09/2012
LTM as of: 01/yy
52-Week High (02.04.2012) 28.27
52-Week Low (06.12.2012) 22.86
Daily Volume
26.73
52-Week High % Change -5.45% Dividend Yield 3.44
52-Week Low % Change 16.93% Beta 1.10
% 52 Week Price Range High/Low 63.96% Equity Float 345.77
Shares Out 14.02.2013 366.8 Short Int -
9'803.72 1 Yr Total Return 4.80%
Total Debt 2'535.00 YTD Return 6.62%
Preferred Stock 0.0 Adjusted BETA 1.105
Minority Interest 125.0 Analyst Recs 17
Cash and Equivalents 235.80 Consensus Rating 4.294
Enterprise Value 12'227.92
Average Volume 5 Day 1'145'951
ORI AT EQUITY YTD Change - Average Volume 30 Day 1'168'692
ORI AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'283'215
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 01/yy 01/yy 09/13 Y 09/14 Y - -
6'544.1 6'470.9 5'812.1 6'182.3 6'674.1 - - 6'932.7 7'401.4 - -
1.40x 1.57x 1.89x 1.71x 1.73x - - 1.78x 1.67x - -
1'105.6 1'278.7 1'802.4 1'128.4 1'170.5 - - 1'402.0 1'520.9 - -
8.26x 7.94x 6.08x 9.36x 9.84x - - 8.72x 8.04x - -
539.6 541.8 1'318.7 642.3 402.8 - - 717.4 790.3 - -
13.11x 18.91x 20.23x 13.53x 22.77x - - 13.56x 12.33x - -
EBITDA 1'170.50 Long-Term Rating Date 18.12.2000
EBIT 919.10 Long-Term Rating BBB+
Operating Margin 13.77% Long-Term Outlook STABLE
Pretax Margin 7.90% Short-Term Rating Date 23.09.1997
Return on Assets 5.28% Short-Term Rating A-2
Return on Common Equity 12.34%
Return on Capital 9.70% EBITDA/Interest Exp. 5.88
Asset Turnover 0.88% (EBITDA-Capex)/Interest Exp. 2.93
Net Debt/EBITDA 1.96
Gross Margin - Total Debt/EBITDA 2.17
EBITDA Margin 17.5%
EBIT Margin 13.8% Total Debt/Equity 81.2%
Net Income Margin 6.0% Total Debt/Capital 43.8%
Asset Turnover 0.88
Current Ratio 1.29 Net Fixed Asset Turnover 2.32
Quick Ratio 0.71 Accounts receivable turnover-days 47.44
Debt to Assets 33.25% Inventory Days -
Tot Debt to Common Equity 81.21% Accounts Payable Turnover Day -
Accounts Receivable Turnover 7.72 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Orica LtdPrice/Volume
Valuation Analysis
1'198'574.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
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1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 27'848'787 7.59 3'736'860 11.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 24'702'347 6.74 (102'242) 25.02.2013 Investment Advisor
HARRIS ASSOCIATES LP n/a EXCH 18'376'361 5.01 - 29.01.2013 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 9'780'193 2.67 (2'377'348) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'459'662 2.03 133'578 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 5'220'120 1.42 825'883 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 2'711'626 0.74 - 09.11.2012 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 2'627'710 0.72 842'100 14.09.2012 Investment Advisor
AMP LIFE LTD n/a Co File 2'613'156 0.71 - 09.11.2012 Investment Advisor
TRIMARK INVESTMENT M Multiple Portfolios MF-AGG 2'257'932 0.62 - 30.09.2012 Unclassified
ARGO INVESTMENTS LTD n/a Co File 2'237'983 0.61 - 09.11.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'927'116 0.53 46'431 30.09.2012 Mutual Fund Manager
LIEBELT GRAEME RICHA n/a EXCH 1'671'429 0.46 - 27.02.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 1'643'622 0.45 (54'555) 31.08.2011 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'116'478 0.3 (589'857) 31.10.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 694'377 0.19 15'377 30.12.2012 Investment Advisor
DAIWA SB INVESTMENTS Multiple Portfolios MF-AGG 676'600 0.18 - 09.07.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 627'432 0.17 (106) 31.01.2013 Mutual Fund Manager
SMITH IAN n/a EXCH 598'382 0.16 293'080 07.02.2013 n/a
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 560'427 0.15 4'524 28.12.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie JOHN PURTELL outperform 5 M 28 12 month 20.02.2013
JPMorgan STUART JACKSON overweight 5 M 29 9 month 06.02.2013
Octa Phillip Securities Ltd PAUL JENSZ buy 5 U 32 Not Provided 01.02.2013
Deutsche Bank MARK WILSON buy 5 M 32 12 month 31.01.2013
Commonwealth Bank MICHAEL WARD overweight 5 M 27 12 month 22.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Goldman Sachs MATTHEW MCNEE Buy/Neutral 5 M 30 12 month 21.12.2012
Morgan Stanley NICHOLAS ROBISON Underwt/In-Line 1 M 21 12 month 03.12.2012
BBY Limited DENNIS HULME buy 5 M 27 12 month 13.11.2012
Paterson Securities GEORGE GALANOPOULOS buy 5 U 28 12 month 13.11.2012
Credit Suisse LARRY GANDLER outperform 5 M 27 Not Provided 12.11.2012
CIMB ANDREW G SCOTT outperform 5 M 27 12 month 12.11.2012
Nomura RICHARD J JOHNSON neutral 3 M 24 Not Provided 12.11.2012
Holdings By:
Orica Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Westfield Retail Trust is a real estate investment trust. The Trust owns and
manages a portfolio of shopping malls in Australia and New Zealand.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 3.26
52-Week Low (27.02.2012) 2.43
Daily Volume
3.19
52-Week High % Change -2.15% Dividend Yield -
52-Week Low % Change 31.28% Beta 0.70
% 52 Week Price Range High/Low 85.54% Equity Float 2'658.72
Shares Out 30.06.2012 3'054.2 Short Int -
9'742.79 1 Yr Total Return 37.78%
Total Debt 2'244.20 YTD Return 8.85%
Preferred Stock 0.0 Adjusted BETA 0.700
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 18.90 Consensus Rating 3.857
Enterprise Value 12'628.89
Average Volume 5 Day 11'609'550
WRT AT EQUITY YTD Change - Average Volume 30 Day 10'077'130
WRT AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'949'683
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
379.3 374.6 - 468.8 - - - 945.0 942.3 - -
- - - 20.97x - - - 13.47x 13.75x - -
269.6 276.0 - 307.9 - - - 776.7 804.5 - -
- - - 31.93x - - - 16.26x 15.70x - -
610.3 645.5 - 851.7 830.8 - - 587.8 607.5 - -
- - - 8.93x 11.10x - - 16.53x 16.03x - -
EBITDA 307.90 Long-Term Rating Date 03.04.2011
EBIT 144.00 Long-Term Rating A+
Operating Margin 30.72% Long-Term Outlook STABLE
Pretax Margin 182.12% Short-Term Rating Date 11.04.2011
Return on Assets - Short-Term Rating A-1
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. 1.88
Asset Turnover - (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 22.5%
Net Income Margin 181.7% Total Debt/Capital 18.4%
Asset Turnover -
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 17.51% Inventory Days -
Tot Debt to Common Equity 22.53% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Westfield Retail TrustPrice/Volume
Valuation Analysis
6'019'968.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
-&5-
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ING GROEP NV n/a EXCH 223'753'285 7.33 - 04.01.2011 Investment Advisor
LOWY STEVEN M n/a Co File 214'799'637 7.03 - 31.12.2011 n/a
BLACKROCK n/a ULT-AGG 211'854'207 6.94 217'225 25.02.2013 Investment Advisor
VANGUARD GROUP INC n/a Co File 176'041'877 5.76 - 01.03.2012 Investment Advisor
AMP LTD n/a EXCH 154'097'168 5.05 - 23.10.2012 Insurance Company
CORDERA HOLDINGS PTY n/a EXCH 154'004'347 5.04 - 12.08.2010 Unclassified
CBRE CLARION SECURIT n/a EXCH 153'998'792 5.04 3'097'791 14.08.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 152'264'861 4.99 (2'666'801) 24.06.2011 Bank
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 116'797'749 3.82 3'176'011 30.09.2012 Mutual Fund Manager
MORGAN STANLEY n/a ULT-AGG 48'424'544 1.59 (340'900) 31.12.2012 Investment Advisor
LASALLE INVESTMENT M Multiple Portfolios MF-AGG 40'449'277 1.32 (4'000'191) 21.08.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 35'407'225 1.16 (9'864'056) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 34'956'001 1.14 (3'030'972) 31.12.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 34'040'024 1.11 (51'670) 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 32'894'569 1.08 410'955 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 30'357'434 0.99 (201'929) 26.02.2013 Investment Advisor
FRANLEY HOLDINGS PTY n/a EXCH 20'988'539 0.69 - 12.08.2010 Other
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 19'208'783 0.63 8'201'785 17.07.2012 Investment Advisor
NOMURA n/a ULT-AGG 16'583'765 0.54 (1'578'250) 06.09.2012 Unclassified
NIKKO ASSET MANAGEME n/a ULT-AGG 12'643'542 0.41 (2'235'768) 01.02.2013 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan RICHARD JONES overweight 5 M 3 9 month 27.02.2013
Commonwealth Bank JAMES DRUCE neutral 3 M 3 12 month 26.02.2013
Macquarie PAUL CHECCHIN outperform 5 M 3 12 month 14.02.2013
Credit Suisse STEPHEN RICH outperform 5 U 3 Not Provided 04.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 17.01.2013
Moelis & Company SIMON SCOTT buy 5 M 3 12 month 06.11.2012
Deutsche Bank IAN RANDALL buy 5 U 4 12 month 31.10.2012
Goldman Sachs SIMON WHEATLEY Buy/Neutral 5 M 3 12 month 25.10.2012
Morgan Stanley LOURENS PIRENC Underwt/In-Line 1 M 3 12 month 30.08.2012
Holdings By:
Westfield Retail Trust ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Transurban Group is involved in the operation of the Melbourne City Link and the
Hills Motorway M2 toll roads. The Group is also involved in developing and
operatings electronic toll systems.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (12.12.2012) 6.39
52-Week Low (20.03.2012) 5.47
Daily Volume
6.12
52-Week High % Change -4.23% Dividend Yield 4.98
52-Week Low % Change 11.88% Beta 0.59
% 52 Week Price Range High/Low 68.48% Equity Float 1'067.79
Shares Out 14.02.2013 1'481.6 Short Int -
9'067.36 1 Yr Total Return 15.68%
Total Debt 4'489.40 YTD Return 0.49%
Preferred Stock 0.0 Adjusted BETA 0.587
Minority Interest 9.6 Analyst Recs 15
Cash and Equivalents 318.15 Consensus Rating 3.667
Enterprise Value 13'506.81
Average Volume 5 Day 2'849'408
TCL AT EQUITY YTD Change - Average Volume 30 Day 3'952'882
TCL AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'526'591
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 03/12 Q3 06/12 Q4
764.9 829.9 816.4 1'035.5 1'152.0 - - 963.3 1'031.4 - -
11.62x 11.48x 11.83x 11.25x 10.83x - - 13.96x 12.99x - -
368.8 479.4 527.5 603.9 636.9 - - 691.1 751.0 - -
24.09x 19.87x 18.31x 19.30x 19.59x - - 19.54x 17.99x - -
(109.7) (24.6) 59.4 112.5 54.9 - - 169.8 187.6 - -
- - 92.17x 67.05x 149.74x - - 46.36x 40.80x - -
EBITDA 636.94 Long-Term Rating Date -
EBIT 335.29 Long-Term Rating -
Operating Margin 29.11% Long-Term Outlook -
Pretax Margin -1.10% Short-Term Rating Date -
Return on Assets 0.43% Short-Term Rating -
Return on Common Equity 1.24%
Return on Capital - EBITDA/Interest Exp. 1.79
Asset Turnover 0.12% (EBITDA-Capex)/Interest Exp. 1.68
Net Debt/EBITDA 6.71
Gross Margin - Total Debt/EBITDA 7.05
EBITDA Margin 56.7%
EBIT Margin 30.1% Total Debt/Equity 129.1%
Net Income Margin 4.8% Total Debt/Capital 56.3%
Asset Turnover 0.12
Current Ratio 0.81 Net Fixed Asset Turnover 6.04
Quick Ratio 0.73 Accounts receivable turnover-days 24.70
Debt to Assets 45.34% Inventory Days -
Tot Debt to Common Equity 129.10% Accounts Payable Turnover Day -
Accounts Receivable Turnover 14.82 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Transurban GroupPrice/Volume
Valuation Analysis
3'093'686.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
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.--&- 9
./-&- 9
.1-&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
UBS n/a ULT-AGG 156'548'641 10.57 9'430 28.12.2012 Unclassified
TREASURY GROUP LTD n/a EXCH 123'924'947 8.36 48'771'627 19.03.2012 Corporation
RARE INFRASTRUCTURE n/a EXCH 102'126'158 6.89 (17'001'208) 20.07.2012 Other
FUTURE FUND n/a EXCH 98'867'357 6.67 - 20.03.2012 Government
UNISUPER n/a EXCH 74'293'549 5.01 - 05.10.2012 Other
NATIONAL AUSTRALIA B n/a ULT-AGG 57'833'983 3.9 (16'572'611) 26.06.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 23'784'573 1.61 385'248 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 20'061'419 1.35 - 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 18'522'945 1.25 62'945 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 16'025'348 1.08 - 03.08.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 15'178'474 1.02 - 30.06.2012 Investment Advisor
AMP LIFE LTD n/a Co File 13'243'281 0.89 - 03.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 10'721'019 0.72 772'217 30.09.2012 Mutual Fund Manager
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 10'644'201 0.72 (2'273'300) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 8'969'195 0.61 97'559 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 7'602'587 0.51 - 03.08.2012 Investment Advisor
FRANK RUSSELL TRUST Multiple Portfolios MF-AGG 7'144'371 0.48 (721'782) 31.05.2012 Investment Advisor
COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 5'794'232 0.39 (10'846) 31.10.2012 Bank
DJERRIWARRH INVESTME n/a Co File 4'270'000 0.29 - 03.08.2012 Investment Advisor
GCIC LTD/CANADA Multiple Portfolios MF-AGG 4'215'000 0.28 420'000 30.06.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie IAN MYLES neutral 3 M 6 12 month 06.02.2013
Deutsche Bank CAMERON MCDONALD hold 3 M 6 12 month 05.02.2013
Morgan Stanley SCOTT KELLY Equalwt/Cautious 3 M 6 12 month 05.02.2013
RBC Capital Markets PAUL A JOHNSTON sector perform 3 M 6 12 month 05.02.2013
JPMorgan CAROLYN HOLMES overweight 5 M 6 9 month 05.02.2013
CIMB MICHAEL NEWBOLD outperform 5 M 7 12 month 05.02.2013
Commonwealth Bank ANDRE FROMYHR overweight 5 M 6 12 month 05.02.2013
Nomura DAVID FRASER neutral 3 M 7 Not Provided 05.02.2013
Goldman Sachs ANDREW MCCUSKER Buy/Neutral 5 M 6 12 month 18.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
E.L. & C. Baillieu MATHAN SOMASUNDARAM buy 5 M 6 12 month 10.12.2012
Evans & Partners Pty Ltd TONY WILSON Positive 4 M #N/A N/A Not Provided 13.01.2011
Holdings By:
Transurban Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
AGL Energy Limited sells and distributes gas and electricity. The Company
retails and wholesales energy and fuel products to customers throughout
Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.07.2012) 16.01
52-Week Low (01.03.2012) 13.03
Daily Volume
15.87
52-Week High % Change -0.87% Dividend Yield 3.79
52-Week Low % Change 21.79% Beta 0.65
% 52 Week Price Range High/Low 72.47% Equity Float 538.04
Shares Out 31.12.2012 550.2 Short Int -
8'731.18 1 Yr Total Return 23.89%
Total Debt 4'312.00 YTD Return 3.19%
Preferred Stock 0.0 Adjusted BETA 0.653
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 1'812.90 Consensus Rating 4.067
Enterprise Value 11'230.28
Average Volume 5 Day 1'400'420
AGK AT EQUITY YTD Change - Average Volume 30 Day 1'904'568
AGK AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'643'959
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
5'424.0 5'953.9 6'609.9 7'071.8 7'454.0 - - 9'502.4 10'009.6 - -
1.54x 1.09x 1.06x 1.01x 1.42x - - 1.20x 1.13x - -
439.3 (1'368.1) 544.5 1'008.5 576.5 - - 1'404.4 1'484.4 - -
19.07x - 12.92x 7.12x 18.32x - - 8.00x 7.57x - -
229.0 1'596.1 356.1 558.7 114.9 - - 625.0 680.0 - -
19.70x 8.35x 18.54x 11.97x 62.06x - - 13.93x 12.91x - -
EBITDA 576.50 Long-Term Rating Date 25.06.2012
EBIT 402.60 Long-Term Rating BBB
Operating Margin 5.40% Long-Term Outlook STABLE
Pretax Margin 2.19% Short-Term Rating Date -
Return on Assets 0.94% Short-Term Rating -
Return on Common Equity 1.71%
Return on Capital 1.71% EBITDA/Interest Exp. 6.12
Asset Turnover 0.61% (EBITDA-Capex)/Interest Exp. -1.55
Net Debt/EBITDA 4.33
Gross Margin 20.6% Total Debt/EBITDA 7.48
EBITDA Margin 7.7%
EBIT Margin 5.4% Total Debt/Equity 60.5%
Net Income Margin 1.5% Total Debt/Capital 37.7%
Asset Turnover 0.61
Current Ratio 1.58 Net Fixed Asset Turnover 1.77
Quick Ratio 0.93 Accounts receivable turnover-days 27.24
Debt to Assets 29.26% Inventory Days 9.67
Tot Debt to Common Equity 60.45% Accounts Payable Turnover Day 61.05
Accounts Receivable Turnover 13.43 Cash Conversion Cycle -24.13
Inventory Turnover 37.84
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
AGL Energy LtdPrice/Volume
Valuation Analysis
2'850'292.00
Current Price (2/dd/yy) Market Data
-/135
.-
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VANGUARD GROUP INC Multiple Portfolios MF-AGG 9'648'323 1.75 218'847 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 6'291'651 1.14 2'787 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 5'083'157 0.92 - 15.08.2012 Investment Advisor
BOND STREET CUSTODIA n/a Co File 4'894'766 0.89 - 15.08.2012 Other
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 3'415'182 0.62 678'644 31.10.2012 Investment Advisor
AMP LIFE LTD n/a Co File 3'176'225 0.58 - 15.08.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 3'159'316 0.57 - 15.08.2012 Investment Advisor
BT PORTFOLIO SERVICE n/a Co File 2'942'949 0.53 - 15.08.2012 Corporation
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'908'769 0.53 115'358 30.09.2012 Mutual Fund Manager
QUESTOR FINANCIAL SE n/a Co File 2'800'113 0.51 - 15.08.2012 Private Equity
CUSTODIAL SERVICES L n/a Co File 2'783'102 0.51 - 15.08.2012 Other
PERPETUAL TRUSTEE CO n/a Co File 2'769'469 0.5 - 15.08.2012 Corporation
MILTON CORP LTD n/a Co File 2'306'876 0.42 - 15.08.2012 Investment Advisor
Avanteos Investments n/a Co File 1'716'552 0.31 - 15.08.2012 Unclassified
MACQUARIE GROUP LTD n/a ULT-AGG 1'691'271 0.31 352'632 31.08.2011 Investment Advisor
NAVIGATOR AUSTRALIA n/a Co File 1'577'159 0.29 - 15.08.2012 Corporation
ABERDEEN n/a ULT-AGG 1'411'967 0.26 (33'583) 31.01.2013 Unclassified
Gwynvill Investments n/a Co File 1'263'150 0.23 - 15.08.2012 Unclassified
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 1'012'615 0.18 (171) 31.01.2013 Mutual Fund Manager
HEXAVEST INC HEXAVEST INC 13F 1'002'689 0.18 157'732 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse BENJAMIN MCVICAR neutral 3 M 16 Not Provided 27.02.2013
RBC Capital Markets PAUL A JOHNSTON outperform 5 M 17 12 month 26.02.2013
Nomura DAVID FRASER neutral 3 M 16 Not Provided 26.02.2013
Macquarie IAN MYLES neutral 3 M 16 12 month 20.02.2013
Morgan Stanley PHILIP BARE Overwt/In-Line 5 M 17 12 month 12.02.2013
JPMorgan JASON HARLEY STEED overweight 5 M 17 9 month 12.02.2013
EVA Dimensions AUSTIN BURKETT underweight 1 U #N/A N/A Not Provided 12.02.2013
E.L. & C. Baillieu MATHAN SOMASUNDARAM buy 5 M 16 12 month 10.12.2012
Commonwealth Bank WILLIAM ALLOTT overweight 5 M 16 12 month 09.11.2012
Goldman Sachs MARK WISEMAN neutral/neutral 3 M 16 12 month 23.10.2012
Deutsche Bank JOHN HIRJEE buy 5 M 17 12 month 22.08.2012
Holdings By:
AGL Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
News Corporation is a diversified global media company. The Company's
operations include the production and distribution of motion pictures and
television programming. The Company provides television, direct satellite, and
cable broadcasting and the publication of newspapers, magazines, books and
promotional inserts.
Latest Fiscal Year: 06/2012
LTM as of: 12/yy
52-Week High (18.02.2013) 28.88
52-Week Low (07.03.2012) 18.36
Daily Volume
28.06
52-Week High % Change -2.84% Dividend Yield -
52-Week Low % Change 52.83% Beta 0.79
% 52 Week Price Range High/Low 88.97% Equity Float -
Shares Out 04.02.2013 798.5 Short Int -
65'721.52 1 Yr Total Return 50.91%
Total Debt 15'455.00 YTD Return 14.53%
Preferred Stock - Adjusted BETA 0.794
Minority Interest 1'142.0 Analyst Recs 8
Cash and Equivalents 9'626.00 Consensus Rating 3.875
Enterprise Value -
Average Volume 5 Day 1'080'023
NWS AT EQUITY YTD Change - Average Volume 30 Day 1'282'092
NWS AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'114'685
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 12/yy 12/yy 06/13 Y 06/14 Y 03/13 Q3 06/13 Q4
32'996.0 30'423.0 32'778.0 33'405.0 33'706.0 34'152.0 34'333.0 35'673.7 37'903.2 8'879.8 8'998.4
1.49x 1.06x 1.12x 1.50x 1.78x 5.75x 7.24x 2.14x 1.98x - -
6'668.0 4'472.0 5'228.0 6'133.0 6'646.0 6'648.0 6'754.0 7'359.1 8'122.8 1'823.3 1'873.2
7.36x 7.23x 7.02x 8.17x 9.04x 7.73x 10.53x - - - -
5'387.0 (3'378.0) 2'539.0 2'739.0 1'179.0 3'117.0 3'998.0 3'863.0 4'312.3 921.8 994.6
- - - - - 0.00x 0.00x 17.00x 14.65x - -
EBITDA 6'646.00 Long-Term Rating Date 30.11.2012
EBIT 5'379.00 Long-Term Rating BBB+
Operating Margin 15.96% Long-Term Outlook STABLE
Pretax Margin 6.56% Short-Term Rating Date -
Return on Assets 6.52% Short-Term Rating -
Return on Common Equity 14.38%
Return on Capital 11.39% EBITDA/Interest Exp. 6.18
Asset Turnover 0.56% (EBITDA-Capex)/Interest Exp. 5.30
Net Debt/EBITDA 1.28
Gross Margin - Total Debt/EBITDA 2.44
EBITDA Margin 19.7%
EBIT Margin 15.9% Total Debt/Equity 62.6%
Net Income Margin 3.5% Total Debt/Capital 37.4%
Asset Turnover 0.56
Current Ratio 2.02 Net Fixed Asset Turnover 5.82
Quick Ratio 1.69 Accounts receivable turnover-days 79.48
Debt to Assets 27.28% Inventory Days -
Tot Debt to Common Equity 62.61% Accounts Payable Turnover Day -
Accounts Receivable Turnover 4.61 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
News CorpPrice/Volume
Valuation Analysis
727'625.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
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02
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0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
35'000.0
40'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
-&5-
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MACQUARIE GROUP LTD n/a ULT-AGG 3'048'112 0.38 (449'862) 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'612'273 0.2 36'809 30.09.2012 Mutual Fund Manager
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 600'735 0.08 - 31.12.2010 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 480'513 0.06 480'513 31.12.2012 Investment Advisor
DEXIA ASSET MANAGEME Multiple Portfolios MF-AGG 290'347 0.04 - 31.12.2012 Investment Advisor
LANDESBANK BERLIN IN Multiple Portfolios MF-AGG 285'445 0.04 - 31.01.2013 Mutual Fund Manager
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 174'874 0.02 (10'400) 31.12.2012 Investment Advisor
PARVEST INVESTMENT M Multiple Portfolios MF-AGG 140'833 0.02 (28'006) 30.09.2012 Investment Advisor
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 57'676 0.01 - 28.09.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 49'127 0.01 (4'235) 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 39'040 0 - 25.02.2013 Investment Advisor
INVESCO LTD INVESCO LTD 13F 35'636 0 4'367 31.12.2012 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 22'630 0 - 15.02.2012 Investment Advisor
WILSON HTM INVESTMEN Multiple Portfolios MF-AGG 17'000 0 - 31.12.2012 Investment Advisor
INKA-INTERNATIONALE Multiple Portfolios MF-AGG 6'227 0 (1'997) 31.01.2013 Mutual Fund Manager
KBC GROUP NV Multiple Portfolios MF-AGG 5'138 0 - 31.01.2011 Investment Advisor
HEXAVEST INC HEXAVEST INC 13F 3'851 0 - 31.12.2012 Investment Advisor
MFS FINANCIAL SERVIC Multiple Portfolios MF-AGG 3'332 0 910 31.12.2012 Investment Advisor
CASA 4 FUNDS LUX EUR Multiple Portfolios MF-AGG 2'900 0 - 31.07.2012 Mutual Fund Manager
EATON VANCE MANAGEME Multiple Portfolios MF-AGG 1'084 0 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank ALICE BENNETT overweight 5 M 30 12 month 19.02.2013
Credit Suisse SAMANTHA CARLETON neutral 3 M 27 Not Provided 15.02.2013
Macquarie ANDREW LEVY outperform 5 M 30 12 month 13.02.2013
Evans & Partners Pty Ltd PETER STAMOULIS Positive 4 M #N/A N/A Not Provided 08.02.2013
CIMB FRASER MCLEISH neutral 3 M 25 12 month 07.02.2013
BBY Limited MARK MCDONNELL underperform 1 D 27 12 month 07.02.2013
Deutsche Bank VIKAS GOUR buy 5 M 31 12 month 04.02.2013
Goldman Sachs ADAM ALEXANDER not rated #N/A N/A M #N/A N/A Not Provided 28.06.2012
Holdings By:
News Corp ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Oil Search Limited explores for and produces gas and oil through operations in
Papua New Guinea. The Company's activities are located in the Papuan Highlands
which include the Kutubu, Hides, and Gobe oil and gas projects.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (17.09.2012) 7.91
52-Week Low (25.06.2012) 6.21
Daily Volume
7.52
52-Week High % Change -4.93% Dividend Yield 0.52
52-Week Low % Change 21.10% Beta 1.14
% 52 Week Price Range High/Low 67.06% Equity Float 1'135.84
Shares Out 10.10.2012 1'334.8 Short Int -
10'037.37 1 Yr Total Return 8.77%
Total Debt 1'747.57 YTD Return 7.28%
Preferred Stock 0.0 Adjusted BETA 1.140
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 1'047.46 Consensus Rating 4.467
Enterprise Value 11'720.51
Average Volume 5 Day 3'691'635
OSH AT EQUITY YTD Change - Average Volume 30 Day 4'350'947
OSH AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'490'084
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
814.3 512.2 583.6 732.9 724.6 - - 720.0 1'032.2 - -
3.85x 11.45x 15.63x 12.54x - - - 19.76x 14.12x - -
572.7 281.7 281.2 526.1 - - - 419.6 649.6 - -
5.47x 20.81x 32.45x 17.47x - - - 27.93x 18.04x - -
313.4 133.7 185.6 202.5 175.8 - - 165.1 325.7 - -
11.71x 47.73x 50.72x 41.75x 55.14x - - 64.37x 31.01x - -
EBITDA 526.13 Long-Term Rating Date -
EBIT 474.82 Long-Term Rating -
Operating Margin 64.79% Long-Term Outlook -
Pretax Margin 60.02% Short-Term Rating Date -
Return on Assets 3.37% Short-Term Rating -
Return on Common Equity 6.46%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.13% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 2.95
Gross Margin 78.0% Total Debt/EBITDA 4.64
EBITDA Margin 66.6%
EBIT Margin 59.9% Total Debt/Equity 57.9%
Net Income Margin 24.3% Total Debt/Capital 36.7%
Asset Turnover 0.13
Current Ratio 2.45 Net Fixed Asset Turnover 0.20
Quick Ratio 2.08 Accounts receivable turnover-days 62.58
Debt to Assets 30.65% Inventory Days 141.04
Tot Debt to Common Equity 57.92% Accounts Payable Turnover Day 688.77
Accounts Receivable Turnover 5.85 Cash Conversion Cycle -655.48
Inventory Turnover 2.60
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Oil Search LtdPrice/Volume
Valuation Analysis
6'147'969.00
Current Price (2/dd/yy) Market Data
-./0123456
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
INDEPENDENT PUBLIC B n/a Co File 196'604'177 14.73 - 29.02.2012 Other
CAPITAL GROUP COMPAN n/a ULT-AGG 152'543'105 11.43 - 31.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 79'940'057 5.99 - 30.03.2012 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 49'109'365 3.68 (28'984'641) 14.09.2012 Bank
RS INVESTMENT MANAGE Multiple Portfolios MF-AGG 19'228'122 1.44 43'684 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 15'246'000 1.14 - 29.06.2012 Investment Advisor
FMR LLC n/a ULT-AGG 8'910'281 0.67 (1'345'485) 31.12.2012 Investment Advisor
WILLIAM BLAIR & COMP WILLIAM BLAIR & COMP 13F 8'068'302 0.6 485'154 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 6'790'986 0.51 98'000 25.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'536'694 0.49 77'176 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 6'024'391 0.45 (298'421) 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'823'203 0.44 169'872 30.09.2012 Mutual Fund Manager
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 5'000'000 0.37 - 30.11.2012 Investment Advisor
DJERRIWARRH INVESTME n/a Co File 4'987'000 0.37 - 30.06.2011 Investment Advisor
JENNISON ASSOCIATES Multiple Portfolios MF-AGG 3'567'701 0.27 - 31.12.2012 Investment Advisor
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 2'550'852 0.19 - 31.12.2010 Mutual Fund Manager
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'179'812 0.16 1'441'038 30.09.2011 Mutual Fund Manager
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 2'140'147 0.16 (43'554) 31.10.2012 Unclassified
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 2'000'000 0.15 - 31.12.2012 Mutual Fund Manager
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 1'914'075 0.14 35'527 30.04.2011 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie ADRIAN WOOD outperform 5 M 10 12 month 27.02.2013
Octa Phillip Securities Ltd LAWRENCE GRECH buy 5 M 9 Not Provided 27.02.2013
Deutsche Bank JOHN HIRJEE buy 5 M 9 12 month 26.02.2013
Morgan Stanley STUART BAKER Overwt/Attractive 5 M 8 12 month 26.02.2013
RBC Capital Markets ANDREW WILLIAMS outperform 5 M 9 12 month 26.02.2013
Credit Suisse PAUL MCTAGGART outperform 5 U 9 Not Provided 26.02.2013
JPMorgan BENJAMIN X. WILSON neutral 3 M 9 9 month 26.02.2013
Sanford C. Bernstein & Co NEIL BEVERIDGE outperform 5 M 9 12 month 26.02.2013
Commonwealth Bank LUKE SMITH overweight 5 M 9 12 month 26.02.2013
Bell Potter JOHAN HEDSTROM buy 5 M 9 12 month 14.02.2013
Goldman Sachs MARK WISEMAN Buy/Neutral 5 M 9 12 month 29.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Nomura RICHARD J JOHNSON suspended coverage #N/A N/A M #N/A N/A Not Provided 29.04.2012
Holdings By:
Oil Search Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Stockland is a diversified Australian property group. The Group develops and
manages Retail centers, Residential Communities and Retirement Living assets
with a focus on regional centers and outer metropolitan. Stockland also owns a
portfolio of Office and Industrial assets.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 3.79
52-Week Low (11.04.2012) 2.90
Daily Volume
3.7
52-Week High % Change -2.25% Dividend Yield 6.49
52-Week Low % Change 27.59% Beta 0.66
% 52 Week Price Range High/Low 84.75% Equity Float 2'198.73
Shares Out 31.12.2012 2'202.7 Short Int -
8'149.83 1 Yr Total Return 28.09%
Total Debt 2'867.60 YTD Return 4.82%
Preferred Stock 0.0 Adjusted BETA 0.663
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 135.60 Consensus Rating 3.000
Enterprise Value 10'993.83
Average Volume 5 Day 9'832'437
SGP AT EQUITY YTD Change - Average Volume 30 Day 11'890'290
SGP AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'764'574
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'134.0 1'847.4 2'060.1 2'363.2 2'029.7 - - 1'734.0 1'943.9 - -
5.30x 5.13x 5.23x 4.37x 4.69x - - 6.37x 5.77x - -
669.3 567.8 593.2 616.3 634.4 - - 536.7 647.3 - -
16.90x 16.68x 18.16x 16.77x 15.00x - - 20.49x 16.99x - -
705.2 (1'802.8) 478.4 754.6 487.0 - - 526.8 573.1 - -
11.14x - 18.51x 10.76x 14.60x - - 15.81x 14.62x - -
EBITDA 634.40 Long-Term Rating Date 07.06.2005
EBIT 613.50 Long-Term Rating A-
Operating Margin 27.50% Long-Term Outlook STABLE
Pretax Margin 22.52% Short-Term Rating Date -
Return on Assets 0.22% Short-Term Rating -
Return on Common Equity 0.39%
Return on Capital 0.29% EBITDA/Interest Exp. 2.87
Asset Turnover 0.13% (EBITDA-Capex)/Interest Exp. -0.22
Net Debt/EBITDA 5.14
Gross Margin - Total Debt/EBITDA 5.43
EBITDA Margin 29.5%
EBIT Margin - Total Debt/Equity 34.9%
Net Income Margin 24.0% Total Debt/Capital 25.8%
Asset Turnover 0.13
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 19.73% Inventory Days -
Tot Debt to Common Equity 34.85% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
StocklandPrice/Volume
Valuation Analysis
12'149'871.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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0-&- 9
1-&- 9
2-&- 9
3-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VANGUARD GROUP INC n/a EXCH 169'936'759 7.72 24'019'255 31.08.2011 Investment Advisor
ING GROEP NV n/a EXCH 146'983'278 6.67 24'996'475 31.01.2011 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 145'852'889 6.62 12'750'897 19.12.2012 Bank
COHEN & STEERS CAPIT n/a EXCH 120'564'679 5.47 - 07.01.2011 Investment Advisor
AMP LTD n/a EXCH 119'116'942 5.41 (57'917) 21.09.2011 Insurance Company
WESTPAC BANKING CORP n/a EXCH 116'324'895 5.28 (4'577'428) 14.02.2011 Bank
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 92'309'045 4.19 2'545'547 30.09.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 41'695'494 1.89 158'881 25.02.2013 Investment Advisor
EUROPEAN INVESTORS I n/a Research 40'560'020 1.84 1'243'937 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 31'127'856 1.41 998'050 31.12.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 25'453'349 1.16 (1'070'755) 31.12.2012 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 14'853'862 0.67 (2'311'138) 08.05.2012 Investment Advisor
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 14'242'429 0.65 (9'577'634) 17.07.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 11'235'693 0.51 252'210 31.12.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 10'666'982 0.48 114'388 31.12.2012 Investment Advisor
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 10'524'693 0.48 (700) 17.07.2012 Investment Advisor
STATE STREET n/a ULT-AGG 10'480'994 0.48 - 26.02.2013 Investment Advisor
DIAM n/a ULT-AGG 10'196'064 0.46 (28'000) 31.12.2012 Unclassified
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 8'994'778 0.41 6'390'349 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 6'994'829 0.32 537'779 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie PAUL CHECCHIN underperform 1 M 3 12 month 19.02.2013
Credit Suisse JOHN RICHMOND underperform 1 M 3 Not Provided 14.02.2013
Deutsche Bank IAN RANDALL hold 3 D 4 12 month 13.02.2013
Morgan Stanley JOHN MEREDITH Overwt/In-Line 5 M 4 12 month 13.02.2013
Goldman Sachs PETER ZUK neutral/neutral 3 M 4 12 month 13.02.2013
JPMorgan RICHARD JONES overweight 5 M 4 9 month 13.02.2013
Commonwealth Bank DAVID LLOYD underweight 1 M 3 12 month 13.02.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 17.01.2013
Moelis & Company SIMON SCOTT buy 5 M 4 12 month 17.05.2012
Holdings By:
Stockland ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Fortescue Metals Group Ltd. explores for and produces iron ore. The Company
conducts business worldwide.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.03.2012) 6.18
52-Week Low (06.09.2012) 2.81
Daily Volume
4.6
52-Week High % Change -25.57% Dividend Yield 0.90
52-Week Low % Change 63.70% Beta 1.38
% 52 Week Price Range High/Low 53.41% Equity Float 1'484.22
Shares Out 01.02.2013 3'113.8 Short Int -
14'323.47 1 Yr Total Return -13.36%
Total Debt 8'501.00 YTD Return -1.08%
Preferred Stock 0.0 Adjusted BETA 1.380
Minority Interest 0.0 Analyst Recs 19
Cash and Equivalents 2'343.00 Consensus Rating 3.421
Enterprise Value 25'320.89
Average Volume 5 Day 19'983'750
FMG AT EQUITY YTD Change - Average Volume 30 Day 15'514'120
FMG AT EQUITY YTD % CHANGE - Average Volume 3 Month 15'185'490
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
139.3 1'828.6 3'220.1 5'442.0 6'681.0 - - 8'267.2 11'734.6 - -
248.66x 6.22x 3.91x 4.30x 3.26x - - 3.04x 2.08x - -
(1'038.4) 532.1 1'223.0 2'771.0 2'830.0 - - 3'084.7 4'427.8 - -
- 21.37x 10.30x 8.44x 7.69x - - 8.21x 5.72x - -
(771.8) 508.0 580.9 1'019.0 1'559.0 - - 1'438.9 2'173.7 - -
- 17.22x 18.51x 20.70x 10.02x - - 9.80x 6.68x - -
EBITDA 2'830.00 Long-Term Rating Date 28.09.2012
EBIT 2'563.00 Long-Term Rating BB-
Operating Margin 38.36% Long-Term Outlook NEG
Pretax Margin 33.87% Short-Term Rating Date -
Return on Assets 8.06% Short-Term Rating -
Return on Common Equity 34.15%
Return on Capital 12.31% EBITDA/Interest Exp. 3.87
Asset Turnover 0.43% (EBITDA-Capex)/Interest Exp. -4.40
Net Debt/EBITDA 4.58
Gross Margin 39.9% Total Debt/EBITDA 5.45
EBITDA Margin 35.4%
EBIT Margin 29.8% Total Debt/Equity 226.0%
Net Income Margin 23.3% Total Debt/Capital 69.3%
Asset Turnover 0.43
Current Ratio 1.71 Net Fixed Asset Turnover 0.57
Quick Ratio 1.22 Accounts receivable turnover-days 36.17
Debt to Assets 56.44% Inventory Days 48.19
Tot Debt to Common Equity 225.97% Accounts Payable Turnover Day 77.74
Accounts Receivable Turnover 10.12 Cash Conversion Cycle 22.57
Inventory Turnover 7.59
Fiscal Year Ended
Fortescue Metals Group LtdPrice/Volume
Valuation Analysis
10'063'831.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
4
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1-&- 9
2-&- 9
3-&- 9
4-&- 9
5-&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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0-&--
02&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
FORREST ANDREW JOHN n/a Co File 1'020'690'915 32.78 - 13.09.2012 n/a
HUNAN VALIN IRON & S n/a Co File 458'405'492 14.72 - 13.09.2012 Corporation
EMICHROME PTY LTD n/a Co File 94'685'358 3.04 - 13.09.2012 Unclassified
BLACKROCK n/a ULT-AGG 92'877'990 2.98 713'887 25.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 61'496'429 1.97 2'826'951 31.12.2012 Investment Advisor
JANUS CAPITAL MANAGE n/a ULT-AGG 53'736'238 1.73 23'192'002 31.12.2012 Investment Advisor
MEURS PETER n/a EXCH 25'924'523 0.83 - 22.02.2013 n/a
FMR LLC n/a ULT-AGG 18'361'114 0.59 (1'455'405) 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 13'682'332 0.44 (417'051) 31.12.2012 Unclassified
AMP LIFE LTD n/a Co File 12'997'879 0.42 - 13.09.2012 Investment Advisor
ROWLEY WILLIAM GRAEM n/a Co File 11'644'951 0.37 (6'500'000) 13.09.2012 n/a
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 10'532'700 0.34 - 30.06.2012 Mutual Fund Manager
LEAPING JOEY PTY LTD n/a Co File 9'674'500 0.31 - 13.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 9'068'915 0.29 249'942 30.09.2012 Mutual Fund Manager
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 6'856'547 0.22 (20'900) 31.12.2012 Investment Advisor
STATE FARM MUTUAL AU STATE FARM MUTUAL AU Sch-D 5'637'400 0.18 - 30.09.2012 Insurance Company
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 4'972'628 0.16 - 28.09.2012 Investment Advisor
AMBRECHT KENNETH CHA n/a EXCH 4'823'030 0.15 (360'000) 23.10.2012 n/a
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 3'721'356 0.12 1'378'324 31.12.2012 Mutual Fund Manager
GUARDIAN INVESTOR SE Multiple Portfolios MF-AGG 3'176'396 0.1 403'608 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DAVID RADCLYFFE neutral 3 M 5 Not Provided 27.02.2013
BMO Capital Markets TONY ROBSON market perform 3 M 4 Not Provided 26.02.2013
Paterson Securities ROB BRIERLEY hold 3 M 5 12 month 26.02.2013
Macquarie LEE BOWERS restricted #N/A N/A M #N/A N/A Not Provided 25.02.2013
BBY Limited MIKE HARROWELL buy 5 M 5 12 month 25.02.2013
Commonwealth Bank ANDREW HINES overweight 5 M 6 12 month 25.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 5 12 month 20.02.2013
RBC Capital Markets CHRIS DREW outperform 5 M 5 12 month 20.02.2013
Credit Suisse MATTHEW HOPE neutral 3 D 6 Not Provided 20.02.2013
JPMorgan LYNDON FAGAN neutral 3 M 5 6 month 20.02.2013
Bell Potter STUART HOWE buy 5 M 6 12 month 13.02.2013
Deutsche Bank PAUL-D YOUNG sell 1 M 4 12 month 24.01.2013
CIMB MICHAEL EVANS outperform 5 M 6 12 month 24.01.2013
Goldman Sachs CRAIG SAINSBURY neutral/attractive 3 D 5 12 month 22.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Investec TIM GERRARD sell 1 D 3 12 month 16.10.2012
Holdings By:
Fortescue Metals Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Coca-Cola Amatil Limited manufactures, distributes and sells carbonated soft
drinks along with still and mineral waters, fruit drinks, ready-to-drink coffee
and tea and flavored milk drinks. The Company also rents and services commercial
refrigeration equipment to food/beverage manufacturers.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 14.47
52-Week Low (08.03.2012) 11.60
Daily Volume
14.27
52-Week High % Change -1.41% Dividend Yield 3.92
52-Week Low % Change 23.01% Beta 0.56
% 52 Week Price Range High/Low 83.17% Equity Float 533.61
Shares Out 31.12.2012 762.1 Short Int -
10'875.64 1 Yr Total Return 25.57%
Total Debt 2'787.20 YTD Return 8.78%
Preferred Stock 0.0 Adjusted BETA 0.562
Minority Interest 5.2 Analyst Recs 15
Cash and Equivalents 1'178.00 Consensus Rating 2.667
Enterprise Value 12'490.04
Average Volume 5 Day 3'815'745
CCL AT EQUITY YTD Change - Average Volume 30 Day 3'359'478
CCL AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'714'755
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
4'091.4 4'436.0 4'490.3 4'801.2 5'097.4 - - 5'444.3 5'844.8 - -
2.17x 2.30x 2.18x 2.16x 2.33x - - 2.31x 2.14x - -
969.7 1'047.0 1'114.5 1'038.2 952.0 - - 1'212.1 1'308.0 - -
9.15x 9.76x 8.79x 10.00x 12.46x - - 10.30x 9.55x - -
385.6 449.0 497.3 591.8 459.9 - - 599.1 649.7 - -
17.54x 19.06x 16.45x 14.74x 22.27x - - 18.18x 16.73x - -
EBITDA 952.00 Long-Term Rating Date 16.07.2001
EBIT 718.60 Long-Term Rating A-
Operating Margin 14.10% Long-Term Outlook STABLE
Pretax Margin 12.73% Short-Term Rating Date 16.07.2001
Return on Assets 7.21% Short-Term Rating A-2
Return on Common Equity 22.39%
Return on Capital 12.27% EBITDA/Interest Exp. 6.24
Asset Turnover 0.80% (EBITDA-Capex)/Interest Exp. 3.46
Net Debt/EBITDA 1.71
Gross Margin 44.3% Total Debt/EBITDA 2.96
EBITDA Margin 18.5%
EBIT Margin 13.9% Total Debt/Equity 134.4%
Net Income Margin 9.0% Total Debt/Capital 57.3%
Asset Turnover 0.80
Current Ratio 1.68 Net Fixed Asset Turnover 2.71
Quick Ratio 1.22 Accounts receivable turnover-days 62.60
Debt to Assets 41.46% Inventory Days 92.93
Tot Debt to Common Equity 134.43% Accounts Payable Turnover Day 92.26
Accounts Receivable Turnover 5.85 Cash Conversion Cycle 63.27
Inventory Turnover 3.94
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Coca-Cola Amatil LtdPrice/Volume
Valuation Analysis
1'984'151.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
./
.1
.3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.&- 9/&- 90&- 91&- 92&- 93&- 94&- 95&- 96&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
.-&--
./&--
.1&--
.3&--
.5&--
/-&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COCA-COLA CO/THE n/a Co File 223'049'276 29.27 - 05.03.2012 Corporation
CAPITAL GROUP COMPAN n/a ULT-AGG 41'163'729 5.4 (8'299'854) 22.01.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 10'675'327 1.4 (10'069) 25.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 10'195'818 1.34 169'061 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 7'647'602 1 350'965 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 5'911'897 0.78 6'362 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 4'723'704 0.62 - 05.03.2012 Investment Advisor
AMP LIFE LTD n/a Co File 3'973'545 0.52 - 05.03.2012 Investment Advisor
ABERDEEN n/a ULT-AGG 3'622'645 0.48 21'845 31.01.2013 Unclassified
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 2'994'730 0.39 - 28.09.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 2'920'358 0.38 - 05.03.2012 Private Equity
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'791'118 0.37 50'732 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD n/a Co File 2'125'733 0.28 - 05.03.2012 Investment Advisor
PSS BOARD n/a Co File 1'813'708 0.24 - 05.03.2012 n/a
ARTISAN PARTNERS HOL Multiple Portfolios MF-AGG 1'670'249 0.22 35'495 31.12.2012 Investment Advisor
JIKINTA INVESTMENTS n/a Co File 1'381'331 0.18 - 05.03.2012 n/a
THE SENIOR MASTER OF n/a Co File 1'381'162 0.18 - 05.03.2012 Other
NOMURA n/a ULT-AGG 1'373'633 0.18 - 06.09.2012 Unclassified
MILTON CORP LTD n/a Co File 1'367'184 0.18 - 05.03.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'361'902 0.18 (160'805) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions AUSTIN BURKETT underweight 1 U #N/A N/A Not Provided 22.02.2013
Macquarie GREG DRING neutral 3 M 14 12 month 20.02.2013
Deutsche Bank MICHAEL SIMOTAS hold 3 M 15 12 month 19.02.2013
Morgan Stanley MARK A CHRISTENSEN Equalwt/In-Line 3 M 13 12 month 19.02.2013
Goldman Sachs GABRIEL WILSON-OTTO neutral/neutral 3 M 14 12 month 19.02.2013
Credit Suisse LARRY GANDLER underperform 1 M 14 Not Provided 19.02.2013
JPMorgan STUART JACKSON overweight 5 U 15 9 month 19.02.2013
CIMB DANIEL BROEREN neutral 3 M 14 12 month 19.02.2013
Commonwealth Bank ANDREW MCLENNAN underweight 1 M 13 12 month 19.02.2013
Nomura DAVID COOKE neutral 3 M 14 Not Provided 19.02.2013
Evans & Partners Pty Ltd PAUL RYAN negative 2 D #N/A N/A Not Provided 23.08.2012
Holdings By:
Coca-Cola Amatil Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Aurizon Holdings Ltd is a rail freight company. The Company provides coal, bulk
and general freight haulage services, operating on the Central Queensland Coal
Network (CQCN) and including specialised track maintenance and workshop support
functions.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 4.24
52-Week Low (25.07.2012) 3.07
Daily Volume
3.99
52-Week High % Change -5.90% Dividend Yield -
52-Week Low % Change 29.97% Beta 0.81
% 52 Week Price Range High/Low 75.21% Equity Float 1'511.33
Shares Out 31.12.2012 2'137.3 Short Int -
8'527.77 1 Yr Total Return 5.29%
Total Debt 1'201.60 YTD Return 6.68%
Preferred Stock 0.0 Adjusted BETA 0.808
Minority Interest 0.0 Analyst Recs 17
Cash and Equivalents 98.80 Consensus Rating 3.353
Enterprise Value 10'951.07
Average Volume 5 Day 27'676'040
AZJ AT EQUITY YTD Change - Average Volume 30 Day 11'215'690
AZJ AT EQUITY YTD % CHANGE - Average Volume 3 Month 7'527'401
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'614.0 2'402.0 2'748.1 2'970.5 3'263.8 - - 3'831.9 4'067.1 - -
- - - 3.01x 2.88x - - 2.88x 2.78x - -
493.0 417.0 702.8 588.4 929.3 - - 1'260.1 1'386.4 - -
- - - 15.18x 10.11x - - 8.69x 7.90x - -
- - (36.8) 360.9 440.9 - - 463.6 508.1 - -
- - - 21.95x 18.78x - - 19.09x 16.76x - -
EBITDA 929.30 Long-Term Rating Date 05.10.2010
EBIT 465.60 Long-Term Rating BBB+
Operating Margin 14.27% Long-Term Outlook STABLE
Pretax Margin 16.98% Short-Term Rating Date -
Return on Assets 4.34% Short-Term Rating -
Return on Common Equity 6.38%
Return on Capital - EBITDA/Interest Exp. 10.49
Asset Turnover 0.35% (EBITDA-Capex)/Interest Exp. -2.56
Net Debt/EBITDA 2.41
Gross Margin - Total Debt/EBITDA 2.43
EBITDA Margin 28.8%
EBIT Margin 14.7% Total Debt/Equity 16.5%
Net Income Margin 13.5% Total Debt/Capital 14.1%
Asset Turnover 0.35
Current Ratio 1.15 Net Fixed Asset Turnover 0.39
Quick Ratio 0.63 Accounts receivable turnover-days 54.27
Debt to Assets 11.99% Inventory Days -
Tot Debt to Common Equity 16.47% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.74 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Aurizon Holdings LtdPrice/Volume
Valuation Analysis
5'410'429.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//00112
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0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
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.1&--
.3&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
QLD TREASURY HLDGS P n/a EXCH 389'229'499 18.21 (288'184'818) 26.11.2012 Other
UBS n/a ULT-AGG 214'000'024 10.01 - 11.10.2012 Unclassified
PERPETUAL LTD n/a EXCH 167'388'470 7.83 (22'456'088) 19.02.2013 Investment Advisor
CHILDREN'S INVESTMEN n/a Co File 125'051'143 5.85 - 17.08.2012 Hedge Fund Manager
TALOS CAPITAL LIMITE n/a EXCH 125'051'143 5.85 - 04.05.2012 Other
NATIONAL AUSTRALIA B n/a ULT-AGG 122'823'460 5.75 - 12.09.2012 Bank
HSBC HOLDINGS PLC n/a EXCH 109'882'901 5.14 - 04.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 104'774'726 4.9 (8'553'485) 08.02.2013 Bank
SCOUT CAPITAL MANAGE n/a EXCH 100'000'000 4.68 (24'000'000) 09.01.2012 Hedge Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 31'494'804 1.47 1'425'179 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 18'912'132 0.88 14'859 25.02.2013 Investment Advisor
UNION INVESTMENT GMB Multiple Portfolios MF-AGG 12'159'600 0.57 (2'803'100) 28.09.2012 Investment Advisor
AMP LIFE LTD n/a Co File 9'798'957 0.46 - 17.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'497'895 0.4 174'916 30.09.2012 Mutual Fund Manager
SKANDIA GLOBAL FUNDS Multiple Portfolios MF-AGG 4'933'571 0.23 (966'539) 31.12.2012 Mutual Fund Manager
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 3'832'908 0.18 - 25.02.2013 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 3'015'321 0.14 29'771 28.12.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 2'472'731 0.12 81'221 31.12.2012 Investment Advisor
MAPS INVESTMENT MANA Multiple Portfolios MF-AGG 1'691'451 0.08 - 28.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 1'657'580 0.08 129'329 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 25.02.2013
Macquarie IAN MYLES outperform 5 M 4 12 month 21.02.2013
Deutsche Bank CAMERON MCDONALD hold 3 M 4 12 month 20.02.2013
Morgan Stanley SCOTT KELLY Equalwt/In-Line 3 M 4 12 month 20.02.2013
Goldman Sachs ANDREW GIBSON neutral/neutral 3 M 4 12 month 20.02.2013
Credit Suisse BRADLEY CLIBBORN neutral 3 M 4 Not Provided 20.02.2013
JPMorgan SCOTT CARROLL neutral 3 U 4 9 month 20.02.2013
CIMB MARK WILLIAMS outperform 5 M 4 12 month 20.02.2013
BBY Limited MOIRA EILEEN DAW underperform 1 M 4 12 month 20.02.2013
Commonwealth Bank MATT CROWE overweight 5 M 4 12 month 20.02.2013
Nomura DAVID FRASER neutral 3 M 4 Not Provided 20.02.2013
Wilson HTM Investment Group NATHAN LEAD buy 5 M 5 Not Provided 09.10.2012
Moelis & Company SIMON FITZGERALD buy 5 M 4 12 month 17.05.2012
Paterson Securities GRAEME CARSON hold 3 M 4 12 month 30.08.2011
Evans & Partners Pty Ltd PAUL RYAN Positive 4 N #N/A N/A Not Provided 01.02.2011
Holdings By:
Aurizon Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Goodman Group is an integrated industrial property group. The Group has
operations in Australia, New Zealand, UK, Asia and Europe. Goodman's activities
include property investment, funds management, property development and property
services. The Group's property portfolio includes business parks, industrial
estates, office parks and warehouse/distribution centers.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.02.2013) 4.78
52-Week Low (04.06.2012) 3.22
Daily Volume
4.65
52-Week High % Change -2.72% Dividend Yield 3.87
52-Week Low % Change 44.41% Beta 0.97
% 52 Week Price Range High/Low 91.67% Equity Float 1'042.09
Shares Out 31.12.2012 1'713.2 Short Int -
7'966.54 1 Yr Total Return 44.41%
Total Debt 2'347.50 YTD Return 7.39%
Preferred Stock 0.0 Adjusted BETA 0.969
Minority Interest 318.8 Analyst Recs 15
Cash and Equivalents 310.80 Consensus Rating 3.267
Enterprise Value 10'322.04
Average Volume 5 Day 9'581'693
GMG AT EQUITY YTD Change - Average Volume 30 Day 5'487'033
GMG AT EQUITY YTD % CHANGE - Average Volume 3 Month 7'490'000
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
852.5 409.4 594.6 696.4 692.9 - - 683.6 870.2 - -
10.66x 13.02x 11.07x 10.69x 11.90x - - 14.91x 11.85x - -
269.8 (7.7) 228.8 219.4 242.5 - - 586.3 653.2 - -
33.68x - 28.76x 33.94x 34.01x - - 17.61x 15.80x - -
250.7 (1'120.0) (537.0) 392.0 408.3 - - 543.5 599.3 - -
20.44x - - 11.95x 13.59x - - 14.18x 13.17x - -
EBITDA 242.50 Long-Term Rating Date 29.09.2009
EBIT 242.50 Long-Term Rating BBB
Operating Margin 34.02% Long-Term Outlook STABLE
Pretax Margin 66.42% Short-Term Rating Date -
Return on Assets 5.17% Short-Term Rating -
Return on Common Equity 8.78%
Return on Capital 6.24% EBITDA/Interest Exp. 2.56
Asset Turnover 0.09% (EBITDA-Capex)/Interest Exp. 1.08
Net Debt/EBITDA 6.33
Gross Margin - Total Debt/EBITDA 7.30
EBITDA Margin 46.4%
EBIT Margin - Total Debt/Equity 48.3%
Net Income Margin 58.9% Total Debt/Capital 31.2%
Asset Turnover 0.09
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 28.56% Inventory Days -
Tot Debt to Common Equity 48.34% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Goodman GroupPrice/Volume
Valuation Analysis
6'442'431.00
Current Price (2/dd/yy) Market Data
-..//001122
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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1-&- 9
3-&- 9
5-&- 9
.--&- 9
./-&- 9
.1-&- 9
.3-&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CHINA INVESTMENT COR n/a Research 168'466'446 9.83 - 11.12.2012 Government
LEADER INVESTMENT CO n/a EXCH 168'462'083 9.83 (116'675'592) 13.12.2012 Other
HARRIS ASSOCIATES LP n/a EXCH 119'869'947 7 (23'173'290) 11.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 109'965'215 6.42 (669'840) 30.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 103'561'413 6.04 130'821 25.02.2013 Investment Advisor
NATL AUSTRALIA BANK n/a EXCH 84'882'377 4.95 (1'102'909) 05.12.2012 Bank
VANGUARD INVESTMENTS n/a Co File 83'236'550 4.86 - 31.08.2012 Mutual Fund Manager
CAMBIO INVESTMENTS P n/a EXCH 45'076'923 2.63 - 19.12.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 28'115'745 1.64 1'712'625 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 26'448'067 1.54 415'978 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 16'582'620 0.97 - 26.02.2013 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 12'994'596 0.76 269'674 25.02.2013 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 12'109'381 0.71 994'580 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 9'930'807 0.58 1'695'363 31.12.2012 Unclassified
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 5'593'645 0.33 (135'055) 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 5'564'862 0.32 (89'152) 31.12.2012 Unclassified
PRUDENTIAL FINANCIAL n/a ULT-AGG 5'396'267 0.31 700'132 31.12.2012 Investment Advisor
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 5'047'958 0.29 286'827 30.09.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 4'859'763 0.28 (649'773) 31.12.2012 Investment Advisor
MITSUBISHI UFJ FINAN n/a ULT-AGG 3'840'255 0.22 59'275 05.07.2012 Holding Company
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank DAVID LLOYD overweight 5 M 5 12 month 26.02.2013
Macquarie PAUL CHECCHIN neutral 3 D 5 12 month 22.02.2013
Morgan Stanley LOURENS PIRENC Overwt/In-Line 5 M 5 12 month 21.02.2013
Goldman Sachs PETER ZUK neutral/neutral 3 M 5 12 month 21.02.2013
Credit Suisse STEPHEN RICH neutral 3 U 5 Not Provided 21.02.2013
JPMorgan RICHARD JONES neutral 3 M 5 9 month 21.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 17.01.2013
CIMB ANDREW HODGE neutral 3 N 4 12 month 07.11.2012
Deutsche Bank IAN RANDALL hold 3 D 5 12 month 31.10.2012
Moelis & Company SIMON SCOTT hold 3 D 4 12 month 16.08.2012
Holdings By:
Goodman Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
GPT Group is an active owner and manager of a diversified portfolio of
Australian retail, office and industrial property assets. The Group's property
portfolio include the MLC Centre, Australia Square, Rouse Hill Town Centre and
Melbourne Central.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (11.02.2013) 3.89
52-Week Low (08.03.2012) 3.07
Daily Volume
3.88
52-Week High % Change -0.26% Dividend Yield 4.97
52-Week Low % Change 26.38% Beta 0.64
% 52 Week Price Range High/Low 92.68% Equity Float 1'669.96
Shares Out 18.02.2013 1'768.7 Short Int -
6'862.68 1 Yr Total Return 33.17%
Total Debt 2'143.60 YTD Return 6.93%
Preferred Stock 0.0 Adjusted BETA 0.640
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 159.90 Consensus Rating 3.500
Enterprise Value 8'846.38
Average Volume 5 Day 5'841'067
GPT AT EQUITY YTD Change - Average Volume 30 Day 5'313'242
GPT AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'928'952
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
773.1 562.0 565.4 619.5 646.1 - - 661.9 682.6 - -
10.56x 13.80x 13.91x 12.38x 13.13x - - 13.27x 12.92x - -
432.0 362.8 345.4 370.2 388.7 - - 556.6 572.9 - -
18.89x 21.38x 22.78x 20.72x 21.83x - - 15.89x 15.44x - -
(3'253.5) (1'069.1) 707.3 246.2 594.5 - - 443.9 456.9 - -
- 30.09x 12.57x 18.32x 11.43x - - 15.52x 15.04x - -
EBITDA 388.70 Long-Term Rating Date 10.05.2010
EBIT 270.60 Long-Term Rating A-
Operating Margin 41.88% Long-Term Outlook STABLE
Pretax Margin - Short-Term Rating Date 26.08.2009
Return on Assets 6.38% Short-Term Rating A-2
Return on Common Equity 8.70%
Return on Capital 6.62% EBITDA/Interest Exp. 3.24
Asset Turnover 0.07% (EBITDA-Capex)/Interest Exp. 0.73
Net Debt/EBITDA 5.10
Gross Margin - Total Debt/EBITDA 5.51
EBITDA Margin 60.2%
EBIT Margin - Total Debt/Equity 31.2%
Net Income Margin 92.0% Total Debt/Capital 23.8%
Asset Turnover 0.07
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 22.94% Inventory Days -
Tot Debt to Common Equity 31.17% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
GPT GroupPrice/Volume
Valuation Analysis
4'530'160.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//00112
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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/2&- 9
0-&- 9
02&- 9
1-&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ING GROEP NV n/a EXCH 117'899'517 6.67 (21'579'512) 28.01.2011 Investment Advisor
CBRE CLARION SEC LLC n/a EXCH 96'412'048 5.45 - 01.07.2011 n/a
COHEN & STEERS INC n/a EXCH 95'049'157 5.37 1'137'216 23.08.2011 Corporation
COMMONWEALTH BANK OF n/a EXCH 92'549'184 5.23 (13'867'874) 20.05.2011 Bank
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 68'000'230 3.84 554'799 30.09.2012 Mutual Fund Manager
EUROPEAN INVESTORS I n/a Research 30'575'357 1.73 1'492'785 31.12.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 29'787'046 1.68 (5'791'097) 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 29'136'893 1.65 (131'836) 25.02.2013 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 28'793'993 1.63 (546'170) 31.12.2012 Investment Advisor
LASALLE INVESTMENT M Multiple Portfolios MF-AGG 28'091'898 1.59 (1'719'704) 21.08.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 25'230'826 1.43 400'343 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 20'358'588 1.15 (1'235'299) 31.08.2011 Investment Advisor
STATE STREET n/a ULT-AGG 17'680'576 1 (214'451) 26.02.2013 Investment Advisor
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 13'073'021 0.74 597'100 30.09.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 9'945'483 0.56 977'880 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 7'374'064 0.42 - 31.12.2012 Unclassified
FMR LLC n/a ULT-AGG 6'459'019 0.37 379'655 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 5'941'415 0.34 88'518 26.02.2013 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 5'691'150 0.32 (2'201'850) 08.05.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 5'681'780 0.32 285'349 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank DAVID LLOYD overweight 5 M 4 12 month 26.02.2013
Macquarie ROB FREEMAN outperform 5 M 4 12 month 22.02.2013
Deutsche Bank JASON WEATE hold 3 M 4 12 month 15.02.2013
Goldman Sachs SIMON WHEATLEY neutral/neutral 3 M 4 12 month 14.02.2013
Credit Suisse STEPHEN RICH underperform 1 D 4 Not Provided 14.02.2013
JPMorgan ROB STANTON neutral 3 D 4 9 month 14.02.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 17.01.2013
Morgan Stanley LOURENS PIRENC restricted #N/A N/A M #N/A N/A Not Provided 10.12.2012
Moelis & Company SIMON SCOTT hold 3 M 3 12 month 17.05.2012
Holdings By:
GPT Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
ASX Ltd is a demutualized company which operates Australia's primary national
stock exchange and equity derivatives market. The ASX operates markets for
equities, derivatives, fixed-interest securities and capital-raising for
unlisted companies using advanced computer systems for both trading and
settlement.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.02.2013) 37.44
52-Week Low (07.08.2012) 27.53
Daily Volume
35.96
52-Week High % Change -3.95% Dividend Yield 4.95
52-Week Low % Change 30.62% Beta 0.75
% 52 Week Price Range High/Low 83.15% Equity Float 175.00
Shares Out 31.12.2012 175.1 Short Int -
6'297.92 1 Yr Total Return 17.95%
Total Debt 3'189.60 YTD Return 15.22%
Preferred Stock 0.0 Adjusted BETA 0.752
Minority Interest 0.0 Analyst Recs 17
Cash and Equivalents 3'696.10 Consensus Rating 2.706
Enterprise Value 5'791.42
Average Volume 5 Day 835'108
ASX AT EQUITY YTD Change - Average Volume 30 Day 713'156
ASX AT EQUITY YTD % CHANGE - Average Volume 3 Month 616'384
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
598.2 529.5 582.2 611.7 604.1 - - 619.2 661.2 - -
8.39x 11.51x 7.88x 7.82x 7.81x - - 6.30x 5.79x - -
481.0 400.2 452.4 478.2 460.0 - - 474.8 512.5 - -
10.44x 15.23x 10.13x 10.00x 10.25x - - 12.20x 11.30x - -
365.9 313.6 328.1 352.3 339.2 - - 348.3 376.1 - -
14.67x 20.19x 15.32x 15.10x 15.39x - - 18.08x 16.77x - -
EBITDA 460.00 Long-Term Rating Date -
EBIT 432.60 Long-Term Rating -
Operating Margin 71.61% Long-Term Outlook -
Pretax Margin 79.85% Short-Term Rating Date -
Return on Assets 5.34% Short-Term Rating -
Return on Common Equity 11.28%
Return on Capital 7.00% EBITDA/Interest Exp. 4.04
Asset Turnover 0.10% (EBITDA-Capex)/Interest Exp. 3.68
Net Debt/EBITDA -1.08
Gross Margin - Total Debt/EBITDA 6.80
EBITDA Margin 77.7%
EBIT Margin 73.1% Total Debt/Equity 106.5%
Net Income Margin 56.1% Total Debt/Capital 51.6%
Asset Turnover 0.10
Current Ratio 1.26 Net Fixed Asset Turnover 9.85
Quick Ratio 1.19 Accounts receivable turnover-days 38.17
Debt to Assets 48.87% Inventory Days -
Tot Debt to Common Equity 106.50% Accounts Payable Turnover Day -
Accounts Receivable Turnover 9.59 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
ASX LtdPrice/Volume
Valuation Analysis
279'631.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
.-
.2
/-
/2
0-
02
1-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9&/ 9&1 9&3 9&5 9.&- 9.&/ 9.&1 9.&3 9.&5 9/&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a Co File 10'984'437 6.27 - 01.08.2012 Investment Advisor
COMMONWEALTH BANK OF n/a Co File 8'942'796 5.11 (72'451) 24.08.2012 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 8'579'742 4.9 (279'341) 10.04.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'350'981 1.91 134'412 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'926'318 1.1 999 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'015'998 0.58 26'465 30.09.2012 Mutual Fund Manager
ABERDEEN n/a ULT-AGG 761'193 0.43 25'343 31.01.2013 Unclassified
UNION INVESTMENT GMB Multiple Portfolios MF-AGG 584'300 0.33 - 28.09.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 509'770 0.29 (87) 31.01.2013 Mutual Fund Manager
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 365'000 0.21 - 29.06.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 268'367 0.15 2'330 28.12.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 255'800 0.15 11'119 31.08.2011 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 244'015 0.14 - 30.06.2011 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 203'809 0.12 1'771 26.02.2013 Investment Advisor
FMR LLC n/a ULT-AGG 183'217 0.1 (31'183) 31.12.2012 Investment Advisor
UNION INVESTMENT LUX Multiple Portfolios MF-AGG 156'258 0.09 - 28.09.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 145'405 0.08 - 31.07.2012 Investment Advisor
SJUNDE AP FONDEN Multiple Portfolios MF-AGG 124'316 0.07 19'026 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 108'041 0.06 76'491 31.12.2012 Unclassified
RUSSELL INVESTMENT M Multiple Portfolios MF-AGG 95'148 0.05 - 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie BRYAN RAYMOND underperform 1 M 34 12 month 22.02.2013
Deutsche Bank KIEREN CHIDGEY hold 3 M 37 12 month 21.02.2013
Morgan Stanley ARVID STREIMANN Equalwt/In-Line 3 M 34 12 month 21.02.2013
Credit Suisse DAVID BAILEY underperform 1 M 30 Not Provided 21.02.2013
JPMorgan ISMAR TUZOVIC neutral 3 M 35 9 month 21.02.2013
CIMB RICHARD COLES underperform 1 M 32 12 month 21.02.2013
BBY Limited BRETT LE MESURIER buy 5 M 38 12 month 21.02.2013
Commonwealth Bank ROSS CURRAN neutral 3 U 38 12 month 21.02.2013
Nomura ANTHONY HOO neutral 3 M 34 Not Provided 21.02.2013
Bell Potter LAFITANI SOTIRIOU hold 3 M 33 12 month 21.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 31 12 month 05.02.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd GEORGE GABRIEL Positive 4 N #N/A N/A Not Provided 11.04.2012
Holdings By:
ASX Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Lend Lease Group is a fully integrated property solutions provider. The
Company is involved in development, investment management, project and
construction management and asset and property management.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (18.02.2013) 10.84
52-Week Low (12.04.2012) 6.87
Daily Volume
10.64
52-Week High % Change -1.85% Dividend Yield 4.14
52-Week Low % Change 54.88% Beta 0.94
% 52 Week Price Range High/Low 95.21% Equity Float 538.71
Shares Out 31.12.2012 574.4 Short Int -
6'111.10 1 Yr Total Return 50.50%
Total Debt 1'357.10 YTD Return 14.66%
Preferred Stock 0.0 Adjusted BETA 0.942
Minority Interest 5.9 Analyst Recs 16
Cash and Equivalents 957.90 Consensus Rating 4.125
Enterprise Value 7'079.50
Average Volume 5 Day 2'710'597
LLC AT EQUITY YTD Change - Average Volume 30 Day 2'225'664
LLC AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'795'958
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
14'374.8 14'525.8 10'359.2 8'800.4 11'471.7 - - 12'753.4 13'747.5 - -
0.26x 0.21x 0.36x 0.63x 0.37x - - 0.52x 0.51x - -
33.9 (669.6) 110.5 144.9 257.8 - - 775.7 856.1 - -
108.72x - 34.19x 38.14x 16.62x - - 9.13x 8.27x - -
254.2 (653.6) 345.6 492.8 501.4 - - 545.3 575.3 - -
13.92x - 10.05x 9.78x 7.77x - - 11.19x 10.65x - -
EBITDA 257.80 Long-Term Rating Date 25.02.2010
EBIT 180.40 Long-Term Rating BBB-
Operating Margin 1.57% Long-Term Outlook STABLE
Pretax Margin 4.55% Short-Term Rating Date 25.02.2010
Return on Assets 4.64% Short-Term Rating A-3
Return on Common Equity 15.98%
Return on Capital 13.19% EBITDA/Interest Exp. 2.13
Asset Turnover 0.95% (EBITDA-Capex)/Interest Exp. 0.55
Net Debt/EBITDA 1.84
Gross Margin 10.9% Total Debt/EBITDA 5.78
EBITDA Margin 2.1%
EBIT Margin 1.4% Total Debt/Equity 34.8%
Net Income Margin 4.4% Total Debt/Capital 25.8%
Asset Turnover 0.95
Current Ratio 0.61 Net Fixed Asset Turnover 2.39
Quick Ratio 0.38 Accounts receivable turnover-days 52.23
Debt to Assets 10.91% Inventory Days 27.70
Tot Debt to Common Equity 34.75% Accounts Payable Turnover Day 112.05
Accounts Receivable Turnover 7.01 Cash Conversion Cycle 8.77
Inventory Turnover 13.22
Fiscal Year Ended
Lend Lease GroupPrice/Volume
Valuation Analysis
1'078'185.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
./
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
FRANKLIN RESOURCES n/a ULT-AGG 35'096'817 6.11 (5'716'706) 27.11.2012 Investment Advisor
LL EMPLOYEE HOLDINGS n/a Co File 34'626'669 6.03 - 31.08.2012 Corporation
IOOF HOLDINGS LTD n/a EXCH 28'373'775 4.94 (855'585) 31.07.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 26'402'472 4.6 (3'701'379) 05.10.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 10'784'866 1.88 159'672 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 6'502'248 1.13 158'018 25.02.2013 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 3'718'609 0.65 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'768'583 0.48 73'563 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 1'897'519 0.33 1'260'109 31.08.2011 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 1'886'786 0.33 - 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'676'349 0.29 231'684 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'463'361 0.25 (3'926'523) 31.10.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 835'640 0.15 12'128 28.12.2012 Mutual Fund Manager
DEXIA ASSET MANAGEME Multiple Portfolios MF-AGG 801'565 0.14 - 31.12.2012 Investment Advisor
WELLS FARGO n/a ULT-AGG 757'036 0.13 2'857 31.12.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 714'770 0.12 - 31.07.2012 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 666'180 0.12 (2'907) 28.12.2012 Unclassified
DEUTSCHE BANK AG Multiple Portfolios MF-AGG 564'432 0.1 - 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 504'516 0.09 20'719 31.12.2012 Investment Advisor
SWEDBANK ROBUR FONDE Multiple Portfolios MF-AGG 492'167 0.09 287'237 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions AUSTIN BURKETT overweight 5 U #N/A N/A Not Provided 25.02.2013
Credit Suisse JOHN RICHMOND neutral 3 M 11 Not Provided 21.02.2013
Macquarie ROB FREEMAN outperform 5 M 11 12 month 19.02.2013
Deutsche Bank IAN RANDALL buy 5 M 11 12 month 18.02.2013
Morgan Stanley JOHN MEREDITH Overwt/In-Line 5 M 11 12 month 18.02.2013
Goldman Sachs SIMON WHEATLEY Buy/Neutral 5 M 11 12 month 18.02.2013
JPMorgan ANTHONY PASSE-DE SILVA overweight 5 M 12 9 month 18.02.2013
CIMB ANDREW HODGE outperform 5 M 11 12 month 18.02.2013
Commonwealth Bank BEN BROWNETTE underweight 1 M 9 12 month 18.02.2013
Nomura SIMON THACKRAY neutral 3 D 11 Not Provided 18.02.2013
Moelis & Company SIMON FITZGERALD buy 5 M 9 12 month 17.05.2012
Holdings By:
Lend Lease Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mirvac Group invests in and develops real estate. The Company invests in
residential, retail, office and industrial properties, and manages hotels and
resorts in Australia and New Zealand.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 1.67
52-Week Low (28.02.2012) 1.15
Daily Volume
1.615
52-Week High % Change -3.29% Dividend Yield 5.33
52-Week Low % Change 41.05% Beta 0.81
% 52 Week Price Range High/Low 85.71% Equity Float 3'421.05
Shares Out 31.12.2012 3'425.6 Short Int -
5'532.32 1 Yr Total Return 47.76%
Total Debt 1'825.00 YTD Return 8.75%
Preferred Stock 0.0 Adjusted BETA 0.809
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 90.00 Consensus Rating 3.429
Enterprise Value 7'331.22
Average Volume 5 Day 10'569'170
MGR AT EQUITY YTD Change - Average Volume 30 Day 9'454'034
MGR AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'308'556
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
1'666.8 1'568.1 1'412.2 1'503.8 1'477.1 - - 1'156.4 1'398.5 - -
3.34x 2.73x 3.93x 4.20x 4.12x - - 6.54x 5.46x - -
138.4 70.2 232.8 411.4 402.3 - - 427.1 525.8 - -
40.24x 61.04x 23.85x 15.37x 15.13x - - 17.17x 13.94x - -
171.8 (1'078.1) 234.7 182.3 416.1 - - 368.3 404.6 - -
19.92x - 16.54x 24.96x 11.31x - - 14.68x 13.57x - -
EBITDA 402.30 Long-Term Rating Date 16.07.2009
EBIT 363.30 Long-Term Rating BBB
Operating Margin 24.60% Long-Term Outlook POS
Pretax Margin 21.42% Short-Term Rating Date 16.07.2009
Return on Assets 3.49% Short-Term Rating A-2
Return on Common Equity 5.21%
Return on Capital - EBITDA/Interest Exp. 1.81
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. 1.36
Net Debt/EBITDA 4.49
Gross Margin 37.0% Total Debt/EBITDA 4.70
EBITDA Margin 28.0%
EBIT Margin 25.3% Total Debt/Equity 31.7%
Net Income Margin 28.2% Total Debt/Capital 24.1%
Asset Turnover 0.17
Current Ratio 1.34 Net Fixed Asset Turnover 0.25
Quick Ratio 0.24 Accounts receivable turnover-days 36.85
Debt to Assets 21.70% Inventory Days 201.27
Tot Debt to Common Equity 31.71% Accounts Payable Turnover Day 143.50
Accounts Receivable Turnover 9.93 Cash Conversion Cycle 178.25
Inventory Turnover 1.82
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Mirvac GroupPrice/Volume
Valuation Analysis
7'868'920.00
Current Price (2/dd/yy) Market Data
---.....//
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0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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0-&--
02&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 214'726'838 6.27 615'593 25.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 191'589'948 5.59 (33'768'363) 27.07.2012 Bank
VANGUARD GROUP INC n/a Co File 186'167'992 5.43 - 26.07.2012 Investment Advisor
AMP LTD n/a EXCH 170'774'457 4.99 (393'737) 24.05.2011 Insurance Company
NATIONAL AUSTRALIA B n/a ULT-AGG 166'234'755 4.85 (5'738'991) 28.05.2012 Bank
MAPLE-BROWN ABBOTT L n/a EXCH 163'519'064 4.77 (7'771'125) 26.07.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 142'143'425 4.15 4'076'796 30.09.2012 Mutual Fund Manager
BARCLAYS PLC n/a Co File 137'805'294 4.02 - 26.07.2012 Investment Advisor
LASALLE INVESTMENT M Multiple Portfolios MF-AGG 79'500'190 2.32 16'137'854 21.08.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 68'090'588 1.99 1'323'981 31.12.2012 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 66'329'860 1.94 (3'203'140) 08.05.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 56'481'082 1.65 (6'781'605) 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 50'232'729 1.47 (7'032'788) 31.12.2012 Investment Advisor
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 39'079'027 1.14 (3'737'572) 17.07.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 30'749'325 0.9 8'520'220 31.12.2012 Investment Advisor
THIRD AVENUE MANAGEM Multiple Portfolios MF-AGG 24'713'436 0.72 - 31.10.2012 Hedge Fund Manager
PRINCIPAL FINANCIAL n/a ULT-AGG 18'369'721 0.54 (593'837) 31.01.2013 Investment Advisor
FMR LLC n/a ULT-AGG 16'753'535 0.49 4'075'658 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 14'640'132 0.43 - 31.12.2012 Unclassified
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 14'621'437 0.43 3'466'285 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank DAVID LLOYD neutral 3 M 2 12 month 26.02.2013
Macquarie PAUL CHECCHIN neutral 3 M 2 12 month 18.02.2013
Deutsche Bank IAN RANDALL hold 3 M 2 12 month 14.02.2013
Morgan Stanley JOHN MEREDITH Overwt/In-Line 5 M 2 12 month 14.02.2013
Goldman Sachs PETER ZUK Buy/Neutral 5 M 2 12 month 14.02.2013
Credit Suisse JOHN RICHMOND neutral 3 M 2 Not Provided 14.02.2013
JPMorgan RICHARD JONES overweight 5 U 2 9 month 14.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
Moelis & Company RYAN FRANZ sell 1 M 1 12 month 06.11.2012
Holdings By:
Mirvac Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
WorleyParsons Limited provides professional services through alliance and
integrated service contracts to the energy, resource and complex process
industries. The Company provides its services to industrial sectors such as oil
and gas refining, petrochemicals and chemicals, minerals and metals, power and
water and industrial and infrastructure.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (26.03.2012) 30.00
52-Week Low (11.12.2012) 22.20
Daily Volume
26.3
52-Week High % Change -12.33% Dividend Yield 3.52
52-Week Low % Change 18.47% Beta 1.04
% 52 Week Price Range High/Low 50.51% Equity Float 212.45
Shares Out 27.02.2013 243.0 Short Int -
6'392.00 1 Yr Total Return -7.11%
Total Debt 736.80 YTD Return 14.35%
Preferred Stock 0.0 Adjusted BETA 1.044
Minority Interest 22.5 Analyst Recs 15
Cash and Equivalents 247.30 Consensus Rating 3.400
Enterprise Value 6'929.00
Average Volume 5 Day 1'088'804
WOR AT EQUITY YTD Change - Average Volume 30 Day 1'066'378
WOR AT EQUITY YTD % CHANGE - Average Volume 3 Month 982'493
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
4'607.1 5'794.7 5'059.7 5'605.1 7'389.5 - - 8'509.8 9'173.5 - -
2.12x 1.09x 1.21x 1.33x 0.90x - - 0.81x 0.74x - -
542.3 641.8 460.0 532.1 601.4 - - 686.6 764.3 - -
18.05x 9.86x 13.26x 14.04x 11.11x - - 10.09x 9.07x - -
343.9 390.5 291.1 364.2 353.2 - - 377.3 429.5 - -
26.57x 14.78x 18.74x 19.04x 17.47x - - 17.18x 15.11x - -
EBITDA 601.40 Long-Term Rating Date -
EBIT 498.40 Long-Term Rating -
Operating Margin 6.74% Long-Term Outlook -
Pretax Margin 6.68% Short-Term Rating Date -
Return on Assets 8.38% Short-Term Rating -
Return on Common Equity 18.50%
Return on Capital 14.81% EBITDA/Interest Exp. 11.77
Asset Turnover 2.00% (EBITDA-Capex)/Interest Exp. 10.61
Net Debt/EBITDA 0.85
Gross Margin - Total Debt/EBITDA 1.58
EBITDA Margin 7.0%
EBIT Margin 5.8% Total Debt/Equity 37.6%
Net Income Margin 4.8% Total Debt/Capital 27.1%
Asset Turnover 2.00
Current Ratio 1.50 Net Fixed Asset Turnover 68.06
Quick Ratio 0.78 Accounts receivable turnover-days 35.50
Debt to Assets 16.78% Inventory Days -
Tot Debt to Common Equity 37.64% Accounts Payable Turnover Day -
Accounts Receivable Turnover 10.31 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
WorleyParsons LtdPrice/Volume
Valuation Analysis
555'367.00
Current Price (2/dd/yy) Market Data
-
2
.-
.2
/-
/2
0-
02
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
5&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
02&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WILACI PTY LTD n/a EXCH 16'891'039 6.95 - 23.10.2012 Unclassified
COMMONWEALTH BANK OF n/a EXCH 11'730'163 4.83 (400'860) 29.03.2012 Bank
INVESCO LTD Multiple Portfolios MF-AGG 4'608'473 1.9 (555'084) 26.02.2013 Investment Advisor
GRILL JOHN MICHAEL n/a EXCH 3'932'055 1.62 - 23.10.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'801'749 1.56 87'649 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 3'593'313 1.48 139'722 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 3'558'483 1.46 141'574 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 2'253'701 0.93 1'233 25.02.2013 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 1'900'331 0.78 188'178 31.12.2012 Investment Advisor
JUHA PTY LTD n/a EXCH 1'500'000 0.62 - 23.10.2012 Other
HAJU PTY LTD n/a EXCH 1'500'000 0.62 - 23.10.2012 Other
BENKE LARRY MAX n/a EXCH 1'133'383 0.47 3'188 02.10.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'089'858 0.45 23'386 30.09.2012 Mutual Fund Manager
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 1'081'600 0.45 (118'334) 31.12.2012 Investment Advisor
EVENROSE PTY LTD n/a EXCH 1'053'136 0.43 - 09.02.2011 Unclassified
JOHALIUS PTY LTD n/a EXCH 1'053'136 0.43 - 23.10.2012 Other
GREEN JOHN M n/a Co File 891'869 0.37 - 29.08.2012 n/a
WOOD ANDREW n/a EXCH 820'671 0.34 - 23.10.2012 n/a
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 642'285 0.26 1'013 31.12.2012 Mutual Fund Manager
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 588'804 0.24 (8'771) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank CRAIG WONGPAN hold 3 M 24 12 month 21.02.2013
Credit Suisse EMMA ALCOCK neutral 3 M 28 Not Provided 21.02.2013
JPMorgan ANTHONY PASSE-DE SILVA underweight 1 M 22 9 month 21.02.2013
Macquarie JOHN PURTELL outperform 5 U 29 12 month 14.02.2013
Morgan Stanley NICHOLAS ROBISON Overwt/In-Line 5 M 29 12 month 13.02.2013
Goldman Sachs NATHAN REILLY buy/attractive 5 M 30 12 month 13.02.2013
CIMB MARK SAMTER outperform 5 M 30 12 month 13.02.2013
Commonwealth Bank BEN BROWNETTE underweight 1 M 23 12 month 13.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
Paterson Securities GEORGE GALANOPOULOS buy 5 U 28 12 month 11.12.2012
Moelis & Company SIMON FITZGERALD sell 1 D 25 12 month 31.08.2012
Holdings By:
WorleyParsons Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Asciano Limited is a provider of essential transport services in the rail
and ports and stevedoring industries in Australia and New Zealand. The
Company operates container terminals, bulk export port facilities and
container and bulk rail haulage services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 5.67
52-Week Low (15.11.2012) 4.09
Daily Volume
5.48
52-Week High % Change -3.27% Dividend Yield 1.37
52-Week Low % Change 33.99% Beta 0.96
% 52 Week Price Range High/Low 86.35% Equity Float 974.58
Shares Out 31.12.2012 975.4 Short Int -
5'345.11 1 Yr Total Return 14.34%
Total Debt 2'858.20 YTD Return 17.60%
Preferred Stock 0.0 Adjusted BETA 0.963
Minority Interest 12.5 Analyst Recs 17
Cash and Equivalents 149.40 Consensus Rating 4.353
Enterprise Value 8'066.41
Average Volume 5 Day 7'714'844
AIO AT EQUITY YTD Change - Average Volume 30 Day 4'774'718
AIO AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'763'134
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'887.1 2'797.3 2'849.9 3'056.3 3'408.4 - - 3'758.6 4'039.2 - -
2.32x 2.04x 2.71x 2.31x 2.04x - - 2.21x 2.12x - -
626.5 634.4 1'829.2 749.9 841.8 - - 1'012.2 1'111.6 - -
10.68x 8.99x 4.22x 9.43x 8.27x - - 7.97x 7.26x - -
197.5 71.8 (788.5) 201.6 240.8 - - 363.3 409.8 - -
11.53x 14.05x - 23.77x 17.61x - - 14.61x 12.92x - -
EBITDA 841.80 Long-Term Rating Date 22.02.2010
EBIT 550.80 Long-Term Rating BBB-
Operating Margin 16.16% Long-Term Outlook STABLE
Pretax Margin 11.24% Short-Term Rating Date -
Return on Assets 3.45% Short-Term Rating -
Return on Common Equity 7.38%
Return on Capital 6.39% EBITDA/Interest Exp. 3.58
Asset Turnover 0.49% (EBITDA-Capex)/Interest Exp. 0.10
Net Debt/EBITDA 3.22
Gross Margin - Total Debt/EBITDA 3.39
EBITDA Margin 24.7%
EBIT Margin 16.2% Total Debt/Equity 85.7%
Net Income Margin 7.1% Total Debt/Capital 46.1%
Asset Turnover 0.49
Current Ratio 0.78 Net Fixed Asset Turnover 1.04
Quick Ratio 0.61 Accounts receivable turnover-days 30.00
Debt to Assets 39.91% Inventory Days -
Tot Debt to Common Equity 85.71% Accounts Payable Turnover Day -
Accounts Receivable Turnover 12.20 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Asciano LtdPrice/Volume
Valuation Analysis
5'162'308.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
/&- 9
1&- 9
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.-&- 9
./&- 9
.1&- 9
.3&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
.3&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 117'960'733 12.09 (199'565'805) 02.03.2012 Bank
WESTPAC BANKING CORP n/a EXCH 74'910'625 7.68 (10'064'847) 09.08.2012 Bank
BLACKROCK n/a ULT-AGG 69'976'565 7.17 3'766'772 25.02.2013 Investment Advisor
UBS n/a ULT-AGG 55'439'648 5.68 (384'913) 04.12.2012 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 50'912'254 5.22 - 30.01.2013 Bank
AUSBIL DEXIA LIMITED n/a EXCH 46'088'349 4.73 (5'162'080) 23.05.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 17'343'817 1.78 252'009 31.12.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 6'669'800 0.68 6'482'200 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 5'662'152 0.58 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'180'509 0.53 132'628 30.09.2012 Mutual Fund Manager
MACQUARIE INFRASTRUC Multiple Portfolios MF-AGG 4'252'538 0.44 67'242 31.08.2012 Investment Advisor
IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 3'390'210 0.35 (298'270) 31.12.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 3'147'161 0.32 39'470 31.01.2013 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 2'122'196 0.22 (30'996) 31.12.2012 Investment Advisor
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'102'183 0.22 (529'732) 30.09.2011 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'775'600 0.18 - 31.07.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'748'571 0.18 24'310 28.12.2012 Mutual Fund Manager
HIRTLE CALLAGHAN & C Multiple Portfolios MF-AGG 1'683'167 0.17 - 30.09.2011 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 1'615'000 0.17 - 29.06.2012 Investment Advisor
MAPS INVESTMENT MANA Multiple Portfolios MF-AGG 1'588'822 0.16 - 28.09.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 25.02.2013
Macquarie RUSSELL SHAW underperform 1 D 5 12 month 20.02.2013
Deutsche Bank CAMERON MCDONALD buy 5 M 6 12 month 19.02.2013
Morgan Stanley SCOTT KELLY Overwt/In-Line 5 M 6 12 month 19.02.2013
Goldman Sachs ANDREW GIBSON Buy/Neutral 5 M 6 12 month 19.02.2013
Credit Suisse NICHOLAS MARKIEWICZ outperform 5 M 6 Not Provided 19.02.2013
JPMorgan SCOTT CARROLL overweight 5 M 6 9 month 19.02.2013
CIMB MARK WILLIAMS outperform 5 M 6 12 month 19.02.2013
Commonwealth Bank MATT CROWE neutral 3 M 6 12 month 19.02.2013
Nomura DAVID FRASER buy 5 M 6 Not Provided 19.02.2013
Wilson HTM Investment Group NATHAN LEAD buy 5 M 5 Not Provided 30.08.2012
Evans & Partners Pty Ltd PAUL RYAN Positive 4 U #N/A N/A Not Provided 23.08.2012
Moelis & Company SIMON FITZGERALD hold 3 M 5 12 month 16.08.2012
Holdings By:
Asciano Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Dexus Property Group is a property trust that manages and invests in a portfolio
of diversified properties including office and industrial properties, retail
shopping centers and car parks. The Trust's properties are located in
Australia, New Zealand and the United States.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 1.12
52-Week Low (09.03.2012) 0.84
Daily Volume
1.075
52-Week High % Change -3.59% Dividend Yield 5.18
52-Week Low % Change 27.98% Beta 0.77
% 52 Week Price Range High/Low 81.82% Equity Float 4'160.62
Shares Out 31.12.2012 4'839.0 Short Int -
5'201.95 1 Yr Total Return 27.89%
Total Debt 1'940.76 YTD Return 5.91%
Preferred Stock 0.0 Adjusted BETA 0.768
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 59.19 Consensus Rating 3.857
Enterprise Value 7'171.25
Average Volume 5 Day 19'066'450
DXS AT EQUITY YTD Change - Average Volume 30 Day 17'555'230
DXS AT EQUITY YTD % CHANGE - Average Volume 3 Month 17'174'730
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
699.7 775.4 716.1 681.3 706.0 - - 593.2 616.7 - -
10.45x 7.94x 8.51x 9.69x 8.97x - - 11.97x 11.61x - -
479.1 520.1 463.0 439.7 458.2 - - 455.0 476.5 - -
15.26x 11.84x 13.16x 15.02x 13.82x - - 15.76x 15.05x - -
438.3 (1'459.1) 31.4 553.0 181.1 - - 362.5 374.8 - -
9.32x - 116.67x 7.69x 24.80x - - 13.96x 13.61x - -
EBITDA 458.16 Long-Term Rating Date 04.07.2006
EBIT 455.36 Long-Term Rating BBB+
Operating Margin 48.51% Long-Term Outlook STABLE
Pretax Margin 28.24% Short-Term Rating Date 04.07.2006
Return on Assets 3.86% Short-Term Rating A-2
Return on Common Equity 5.94%
Return on Capital 4.13% EBITDA/Interest Exp. 3.39
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. 1.82
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA 4.70
EBITDA Margin 65.9%
EBIT Margin - Total Debt/Equity 38.8%
Net Income Margin 25.6% Total Debt/Capital 27.9%
Asset Turnover 0.08
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 26.35% Inventory Days -
Tot Debt to Common Equity 38.76% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Dexus Property GroupPrice/Volume
Valuation Analysis
16'905'929.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
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2-&- 9
3-&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CBRE CLARION SEC LLC n/a EXCH 440'873'263 9.11 - 30.08.2012 n/a
ING GROEP NV n/a Co File 388'416'634 8.03 - 31.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 356'604'489 7.37 (367'952) 25.02.2013 Investment Advisor
VANGUARD GROUP INC n/a Co File 291'637'480 6.03 - 31.08.2012 Investment Advisor
SUMITOMO MITSUI TRUS n/a ULT-AGG 247'721'457 5.12 (314'868) 17.08.2012 Bank
WESTPAC BANKING CORP n/a EXCH 244'213'504 5.05 - 19.09.2012 Bank
AMP LTD n/a EXCH 243'842'776 5.04 (434'018) 07.02.2013 Insurance Company
COMMONWEALTH BANK OF n/a EXCH 241'511'323 4.99 (12'351'221) 30.03.2011 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 236'926'402 4.9 (5'089'460) 29.10.2012 Bank
COHEN & STEERS CAPIT n/a EXCH 236'507'265 4.89 (55'151'859) 15.09.2011 Investment Advisor
LA SALLE INV MGMT (S n/a EXCH 226'560'630 4.68 - 22.11.2010 Other
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 201'260'154 4.16 5'666'466 30.09.2012 Mutual Fund Manager
LASALLE INVESTMENT M Multiple Portfolios MF-AGG 130'108'466 2.69 20'022'997 21.08.2012 Investment Advisor
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 108'451'095 2.24 6'422'144 31.10.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 78'047'858 1.61 (2'975'910) 31.12.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 70'413'623 1.46 (115'859) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 64'527'037 1.33 5'476'504 31.12.2012 Investment Advisor
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 56'198'100 1.16 21'034'748 17.07.2012 Investment Advisor
STATE STREET n/a ULT-AGG 53'714'097 1.11 - 26.02.2013 Investment Advisor
THIRD AVENUE MANAGEM Multiple Portfolios MF-AGG 41'415'719 0.86 - 31.10.2012 Hedge Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank JAMES DRUCE overweight 5 M 1 12 month 26.02.2013
EVA Dimensions AUSTIN BURKETT buy 5 U #N/A N/A Not Provided 20.02.2013
Macquarie PAUL CHECCHIN outperform 5 M 1 12 month 18.02.2013
Morgan Stanley TODD MCFARLANE Overwt/In-Line 5 M 1 12 month 14.02.2013
Goldman Sachs SIMON WHEATLEY neutral/neutral 3 M 1 12 month 14.02.2013
Credit Suisse STEPHEN RICH neutral 3 M 1 Not Provided 14.02.2013
JPMorgan ROB STANTON overweight 5 M 1 9 month 14.02.2013
Deutsche Bank IAN RANDALL hold 3 D 1 12 month 20.12.2012
Moelis & Company RYAN FRANZ hold 3 M 1 12 month 06.11.2012
Holdings By:
Dexus Property Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sonic Healthcare Limited is a medical diagnostics company with operations in
Australia, New Zealand, and Europe. The Company provides a comprehensive range
of pathology and diagnostic imaging services to medical practitioners, hospitals
and their patients along with providing administrative services and facilities
to medical practitioners.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (08.02.2013) 14.32
52-Week Low (07.03.2012) 11.20
Daily Volume
13.39
52-Week High % Change -6.49% Dividend Yield 4.48
52-Week Low % Change 19.55% Beta 0.72
% 52 Week Price Range High/Low 65.06% Equity Float 330.95
Shares Out 25.02.2013 396.1 Short Int -
5'304.15 1 Yr Total Return 19.66%
Total Debt 1'739.68 YTD Return 0.45%
Preferred Stock 0.0 Adjusted BETA 0.719
Minority Interest 20.7 Analyst Recs 16
Cash and Equivalents 168.59 Consensus Rating 3.063
Enterprise Value 6'868.27
Average Volume 5 Day 2'321'188
SHL AT EQUITY YTD Change - Average Volume 30 Day 1'436'932
SHL AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'192'580
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'331.4 2'964.5 2'935.9 3'058.3 3'291.3 - - 3'480.3 3'685.7 - -
2.62x 2.00x 1.89x 2.14x 1.99x - - 1.96x 1.82x - -
439.5 509.2 499.1 557.0 610.3 - - 647.5 699.1 - -
13.89x 11.65x 11.13x 11.74x 10.74x - - 10.61x 9.82x - -
245.1 171.4 293.2 294.5 316.0 - - 332.7 363.8 - -
19.40x 26.27x 13.81x 16.98x 15.66x - - 15.96x 14.65x - -
EBITDA 610.30 Long-Term Rating Date -
EBIT 478.25 Long-Term Rating -
Operating Margin 14.53% Long-Term Outlook -
Pretax Margin 12.70% Short-Term Rating Date -
Return on Assets 6.61% Short-Term Rating -
Return on Common Equity 12.46%
Return on Capital 8.75% EBITDA/Interest Exp. 7.93
Asset Turnover 0.68% (EBITDA-Capex)/Interest Exp. 6.15
Net Debt/EBITDA 2.61
Gross Margin - Total Debt/EBITDA 2.92
EBITDA Margin 17.7%
EBIT Margin 13.7% Total Debt/Equity 67.2%
Net Income Margin 9.6% Total Debt/Capital 40.0%
Asset Turnover 0.68
Current Ratio 0.73 Net Fixed Asset Turnover 5.67
Quick Ratio 0.53 Accounts receivable turnover-days 45.97
Debt to Assets 35.30% Inventory Days -
Tot Debt to Common Equity 67.18% Accounts Payable Turnover Day -
Accounts Receivable Turnover 7.96 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Sonic Healthcare LtdPrice/Volume
Valuation Analysis
2'084'812.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
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1&- 9
2&- 9
3&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG 46'262'112 11.68 - 31.12.2012 Investment Advisor
MANNING & NAPIER ADV n/a Co File 25'097'655 6.34 - 14.09.2012 Unclassified
VERITAS ASSET MANAGE n/a EXCH 21'913'195 5.53 - 31.01.2013 Investment Advisor
JARDVAN PTY LTD n/a Co File 15'958'704 4.03 - 14.09.2012 n/a
MANNING & NAPIER ADV Multiple Portfolios MF-AGG 15'275'580 3.86 (2'605'154) 31.12.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 11'091'380 2.8 (9'080'739) 11.09.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'633'975 1.67 125'741 31.12.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 5'992'452 1.51 - 30.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 4'008'969 1.01 (296'603) 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 2'355'365 0.59 - 14.09.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 2'274'483 0.57 - 14.09.2012 Investment Advisor
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 2'193'794 0.55 - 28.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'054'372 0.52 (591'955) 30.09.2012 Mutual Fund Manager
WILKS CHRISTOPHER DA n/a Co File 898'122 0.23 - 26.09.2012 n/a
GOLDSCHMIDT COLIN ST n/a Co File 730'243 0.18 - 26.09.2012 n/a
ROYAL BANK OF CANADA n/a ULT-AGG 572'000 0.14 (127'000) 28.09.2012 Bank
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 570'686 0.14 5'242 28.12.2012 Mutual Fund Manager
F&C FUND MANAGEMENT Multiple Portfolios MF-AGG 532'439 0.13 (175'374) 31.12.2012 Mutual Fund Manager
CAPITAL INTERNATIONA Multiple Portfolios MF-AGG 518'738 0.13 - 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 504'000 0.13 - 29.06.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DAVID STANTON neutral 3 M 13 Not Provided 25.02.2013
JPMorgan STEVEN D WHEEN neutral 3 D 14 9 month 20.02.2013
Macquarie CRAIG COLLIE outperform 5 M 14 12 month 20.02.2013
Wilson HTM Investment Group SHANE STOREY hold 3 M 13 Not Provided 20.02.2013
Deutsche Bank DAVID A LOW hold 3 M 13 12 month 19.02.2013
Morgan Stanley SEAN LAAMAN Equalwt/Cautious 3 M 13 12 month 19.02.2013
Goldman Sachs IAN ABBOTT neutral/neutral 3 M 13 12 month 19.02.2013
Credit Suisse SAUL HADASSIN neutral 3 M 14 Not Provided 19.02.2013
CIMB DEREK JELLINEK neutral 3 M 13 12 month 19.02.2013
BBY Limited DENNIS HULME underperform 1 M 13 12 month 19.02.2013
Commonwealth Bank BRUCE DU neutral 3 M 13 12 month 19.02.2013
EVA Dimensions ANDREW S ZAMFOTIS hold 3 M #N/A N/A Not Provided 17.01.2013
Evans & Partners Pty Ltd LOU CAPPARELLI Positive 4 M #N/A N/A Not Provided 09.01.2013
Holdings By:
Sonic Healthcare Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Incitec Pivot Limited is a fertilizer manufacturer and supplier, and also a
supplier for explosives products and services. The Company has operations
throughout the United States, Canada, Mexico and Australia.
Latest Fiscal Year: 09/2012
LTM as of: 01/yy
52-Week High (02.05.2012) 3.37
52-Week Low (06.06.2012) 2.62
Daily Volume
3.17
52-Week High % Change -5.93% Dividend Yield 3.91
52-Week Low % Change 20.99% Beta 1.22
% 52 Week Price Range High/Low 76.00% Equity Float 1'533.42
Shares Out 30.09.2012 1'628.7 Short Int -
5'163.07 1 Yr Total Return 0.12%
Total Debt 1'441.00 YTD Return -1.86%
Preferred Stock 0.0 Adjusted BETA 1.223
Minority Interest 2.3 Analyst Recs 16
Cash and Equivalents 154.10 Consensus Rating 3.875
Enterprise Value 6'452.27
Average Volume 5 Day 6'236'348
IPL AT EQUITY YTD Change - Average Volume 30 Day 8'122'868
IPL AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'878'997
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 01/yy 01/yy 09/13 Y 09/14 Y - -
2'918.2 3'418.9 2'931.7 3'545.3 3'500.9 - - 3'660.7 3'832.8 - -
2.80x 1.75x 2.36x 1.84x 1.75x - - 1.73x 1.61x - -
1'022.0 1'014.7 760.5 828.6 562.3 - - 790.1 875.3 - -
8.00x 5.89x 9.09x 7.87x 10.92x - - 8.17x 7.37x - -
604.6 (221.4) 410.5 463.2 510.7 - - 379.6 442.1 - -
8.97x - 14.19x 11.51x 9.49x - - 13.61x 11.65x - -
EBITDA 562.30 Long-Term Rating Date 12.10.2009
EBIT 406.50 Long-Term Rating BBB
Operating Margin 11.61% Long-Term Outlook STABLE
Pretax Margin 20.33% Short-Term Rating Date 11.02.2010
Return on Assets 7.29% Short-Term Rating NR
Return on Common Equity 13.21%
Return on Capital 10.00% EBITDA/Interest Exp. 13.62
Asset Turnover 0.50% (EBITDA-Capex)/Interest Exp. -1.56
Net Debt/EBITDA 2.29
Gross Margin - Total Debt/EBITDA 2.56
EBITDA Margin 16.1%
EBIT Margin 11.6% Total Debt/Equity 35.8%
Net Income Margin 14.6% Total Debt/Capital 26.3%
Asset Turnover 0.50
Current Ratio 0.93 Net Fixed Asset Turnover 1.39
Quick Ratio 0.47 Accounts receivable turnover-days 41.22
Debt to Assets 20.55% Inventory Days -
Tot Debt to Common Equity 35.76% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.88 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Incitec Pivot LtdPrice/Volume
Valuation Analysis
12'312'195.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
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0-&- 9
1-&- 9
2-&- 9
3-&- 9
4-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a Co File 117'088'006 7.19 - 12.11.2012 Bank
BLACKROCK n/a ULT-AGG 98'478'785 6.05 (3'082'099) 25.02.2013 Investment Advisor
SCHRODER INVESTMENT n/a Co File 85'454'643 5.25 - 12.11.2012 Investment Advisor
HARRIS ASSOCIATES LP n/a EXCH 82'137'430 5.04 - 30.01.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 63'302'791 3.89 (19'261'704) 26.11.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 37'290'835 2.29 (5'067'031) 31.12.2012 Investment Advisor
DWS INVESTMENT S A Multiple Portfolios MF-AGG 31'043'133 1.91 - 28.12.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 23'876'351 1.47 - 12.11.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 21'209'411 1.3 - 12.11.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 10'237'125 0.63 2'195'583 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'597'887 0.53 200'226 30.09.2012 Mutual Fund Manager
QIC LTD n/a Co File 7'738'572 0.48 - 12.11.2012 Investment Advisor
FMR LLC n/a ULT-AGG 4'759'910 0.29 (610'179) 31.12.2012 Investment Advisor
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 4'723'007 0.29 (78'300) 31.12.2012 Investment Advisor
NATIXIS INTERNATIONA Multiple Portfolios MF-AGG 4'706'455 0.29 92'987 31.12.2012 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 4'605'604 0.28 - 31.12.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 4'246'216 0.26 632'358 30.06.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 3'895'530 0.24 - 12.11.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 3'388'960 0.21 - 31.12.2012 Investment Advisor
ABERDEEN n/a ULT-AGG 3'337'906 0.2 (29'614) 31.01.2013 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
RBS Morgans BELINDA MOORE outperform 5 N 3 12 month 18.02.2013
JPMorgan STUART JACKSON neutral 3 M 3 9 month 06.02.2013
Macquarie JOHN PURTELL outperform 5 M 3 12 month 31.01.2013
Commonwealth Bank MICHAEL WARD neutral 3 D 3 12 month 22.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
CIMB ANDREW G SCOTT neutral 3 D 3 12 month 14.01.2013
Nomura RICHARD J JOHNSON buy 5 M 4 Not Provided 10.01.2013
Goldman Sachs MATTHEW MCNEE neutral/neutral 3 D 3 12 month 21.12.2012
Morgan Stanley NICHOLAS ROBISON Overwt/In-Line 5 N 4 12 month 03.12.2012
BBY Limited DENNIS HULME buy 5 M 3 12 month 16.11.2012
Credit Suisse LARRY GANDLER outperform 5 M 4 Not Provided 13.11.2012
Deutsche Bank MARK WILSON hold 3 M 3 12 month 17.09.2012
Holdings By:
Incitec Pivot Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Computershare Limited operates share registries and computer bureaus which
includes the administration of employee share and option plans and the provision
of software that specializes in share registry, financial and stock markets.
The Company also provides corporate trust services and acts as a trustee for
clients' debt offerings in certain markets.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (31.01.2013) 10.47
52-Week Low (10.07.2012) 7.26
Daily Volume
10.06
52-Week High % Change -3.92% Dividend Yield 2.80
52-Week Low % Change 38.57% Beta 0.76
% 52 Week Price Range High/Low 85.36% Equity Float 469.35
Shares Out 31.12.2012 555.7 Short Int -
5'589.98 1 Yr Total Return 36.08%
Total Debt 1'754.39 YTD Return 13.52%
Preferred Stock 0.0 Adjusted BETA 0.761
Minority Interest 12.8 Analyst Recs 18
Cash and Equivalents 442.03 Consensus Rating 3.389
Enterprise Value 7'033.03
Average Volume 5 Day 2'472'508
CPU AT EQUITY YTD Change - Average Volume 30 Day 2'475'113
CPU AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'842'414
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
1'564.0 1'495.8 1'599.6 1'598.9 1'802.6 - - 2'032.2 2'134.6 - -
3.64x 3.23x 3.57x 3.73x 3.07x - - 3.37x 3.11x - -
456.7 416.5 482.6 515.0 500.2 - - 514.2 590.0 - -
12.47x 11.62x 11.85x 11.57x 11.07x - - 13.68x 11.92x - -
282.0 255.7 294.8 264.1 156.5 - - 304.6 349.9 - -
17.58x 15.83x 16.93x 19.99x 26.93x - - 18.70x 16.19x - -
EBITDA 500.19 Long-Term Rating Date -
EBIT 378.24 Long-Term Rating -
Operating Margin 20.98% Long-Term Outlook -
Pretax Margin 11.66% Short-Term Rating Date -
Return on Assets 3.92% Short-Term Rating -
Return on Common Equity 12.29%
Return on Capital 6.86% EBITDA/Interest Exp. 10.77
Asset Turnover 0.54% (EBITDA-Capex)/Interest Exp. 9.91
Net Debt/EBITDA 2.64
Gross Margin - Total Debt/EBITDA 3.52
EBITDA Margin 25.1%
EBIT Margin 17.2% Total Debt/Equity 150.8%
Net Income Margin 8.7% Total Debt/Capital 59.9%
Asset Turnover 0.54
Current Ratio 1.81 Net Fixed Asset Turnover 10.68
Quick Ratio 1.41 Accounts receivable turnover-days 58.28
Debt to Assets 47.65% Inventory Days -
Tot Debt to Common Equity 150.77% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.28 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Computershare LtdPrice/Volume
Valuation Analysis
1'055'957.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
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1&- 9
2&- 9
3&- 9
4&- 9
5&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MORRIS CHRISTOPHER J n/a EXCH 43'571'131 7.84 (1'000'000) 30.11.2012 n/a
WALES ANTHONY NORMAN n/a Co File 26'792'384 4.82 - 14.09.2012 n/a
MACLAGAN PENELOPE JA n/a EXCH 13'945'411 2.51 (333'000) 03.12.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 10'031'209 1.81 114'782 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 8'156'355 1.47 - 14.09.2012 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 7'309'296 1.32 186'000 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 4'901'166 0.88 - 14.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 4'856'146 0.87 2'819 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 4'277'659 0.77 - 14.09.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'038'524 0.73 22'980 31.10.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'705'090 0.49 71'914 30.09.2012 Mutual Fund Manager
INVESCO LTD Multiple Portfolios MF-AGG 2'422'876 0.44 94'813 26.02.2013 Investment Advisor
ABERDEEN n/a ULT-AGG 2'010'451 0.36 11'351 31.01.2013 Unclassified
MAWER INVESTMENT MAN Multiple Portfolios MF-AGG 1'795'500 0.32 - 30.11.2012 Investment Advisor
FMR LLC n/a ULT-AGG 1'758'067 0.32 (32'474) 31.12.2012 Investment Advisor
MACKAY SHIELDS LLC Multiple Portfolios MF-AGG 1'698'676 0.31 119'952 31.03.2012 Investment Advisor
TAUBE HODSON STONEX Multiple Portfolios MF-AGG 1'180'521 0.21 (161'250) 30.11.2012 Investment Advisor
MADISON SQUARE INVES Multiple Portfolios MF-AGG 1'025'790 0.18 - 31.12.2012 Investment Advisor
CROSBY WILLIAM STUAR n/a Co File 831'272 0.15 - 24.09.2012 n/a
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 812'000 0.15 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley ARVID STREIMANN Equalwt/In-Line 3 M 10 12 month 14.02.2013
JPMorgan ISMAR TUZOVIC neutral 3 D 9 9 month 14.02.2013
Macquarie BRYAN RAYMOND outperform 5 M 11 12 month 14.02.2013
Nomura VICTOR GERMAN neutral 3 M 10 Not Provided 14.02.2013
Deutsche Bank KIEREN CHIDGEY hold 3 M 10 12 month 13.02.2013
Credit Suisse DAVID BAILEY outperform 5 M 11 Not Provided 13.02.2013
CIMB RICHARD COLES neutral 3 M 9 12 month 13.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 9 12 month 13.02.2013
Commonwealth Bank ROSS CURRAN overweight 5 M 11 12 month 13.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 9 12 month 07.02.2013
Wilson HTM Investment Group IVOR RIES buy 5 M 10 Not Provided 04.02.2013
Bell Potter LAFITANI SOTIRIOU buy 5 M 12 12 month 18.01.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
E.L. & C. Baillieu NICOLAS BURGESS hold 3 N 9 12 month 20.12.2012
Evans & Partners Pty Ltd GEORGE GABRIEL Positive 4 U #N/A N/A Not Provided 05.06.2012
Holdings By:
Computershare Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
APA Group is a natural gas infrastructure company. The Company owns and or
operates gas transmission and distribution assets whose pipelines span every
state and territory in mainland Australia. APA Group also holds minority
interests in energy infrastructure enterprises.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.02.2013) 6.25
52-Week Low (20.08.2012) 4.57
Daily Volume
6.06
52-Week High % Change -3.04% Dividend Yield -
52-Week Low % Change 32.60% Beta 0.57
% 52 Week Price Range High/Low 85.12% Equity Float 709.18
Shares Out 31.12.2012 827.4 Short Int -
5'013.74 1 Yr Total Return 35.04%
Total Debt 2'905.95 YTD Return 9.58%
Preferred Stock 0.0 Adjusted BETA 0.571
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 329.93 Consensus Rating 3.133
Enterprise Value 9'244.46
Average Volume 5 Day 2'598'055
APA AT EQUITY YTD Change - Average Volume 30 Day 1'958'052
APA AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'296'539
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
848.9 908.0 953.0 1'049.5 1'009.2 - - 1'159.3 1'243.5 - -
4.98x 4.65x 5.11x 5.12x 5.74x - - 7.80x 7.22x - -
398.4 437.1 428.7 432.6 481.0 - - 674.6 707.6 - -
10.61x 9.66x 11.35x 12.43x 12.04x - - 13.70x 13.06x - -
67.2 78.8 100.4 108.5 130.7 - - 193.3 181.8 - -
17.52x 16.98x 18.56x 20.66x 24.46x - - 24.73x 27.17x - -
EBITDA 481.00 Long-Term Rating Date -
EBIT 370.60 Long-Term Rating -
Operating Margin 36.72% Long-Term Outlook -
Pretax Margin 17.94% Short-Term Rating Date -
Return on Assets 4.24% Short-Term Rating -
Return on Common Equity 14.73%
Return on Capital 8.87% EBITDA/Interest Exp. 1.99
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. 0.96
Net Debt/EBITDA 8.61
Gross Margin - Total Debt/EBITDA 8.84
EBITDA Margin 44.5%
EBIT Margin 33.8% Total Debt/Equity 180.0%
Net Income Margin 12.9% Total Debt/Capital 64.3%
Asset Turnover 0.17
Current Ratio 1.94 Net Fixed Asset Turnover 0.26
Quick Ratio 1.42 Accounts receivable turnover-days 50.75
Debt to Assets 52.87% Inventory Days -
Tot Debt to Common Equity 180.05% Accounts Payable Turnover Day -
Accounts Receivable Turnover 7.21 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
APA GroupPrice/Volume
Valuation Analysis
2'409'872.00
Current Price (2/dd/yy) Market Data
-
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/
0
1
2
3
4
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./-&- 9
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0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PETRONAS AUSTRALIA P n/a EXCH 111'292'297 13.45 - 01.05.2012 Holding Company
BLACKROCK n/a ULT-AGG 44'910'205 5.43 4'944 25.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 29'081'395 3.52 (14'845'549) 04.01.2013 Bank
MORGAN STANLEY n/a ULT-AGG 21'542'688 2.6 (96'395'030) 07.05.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 15'037'976 1.82 - 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 14'650'515 1.77 1'762'590 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 6'749'919 0.82 - 31.08.2012 Investment Advisor
PICTET ASSET MANAGEM Multiple Portfolios MF-AGG 6'542'469 0.79 (283'169) 30.11.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 6'138'230 0.74 - 31.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'733'301 0.57 459'190 30.09.2012 Mutual Fund Manager
DUFF & PHELPS INVEST Multiple Portfolios MF-AGG 4'479'095 0.54 3'840 31.12.2012 Investment Advisor
QIC LTD n/a Co File 4'454'680 0.54 - 31.08.2012 Investment Advisor
STATE STREET n/a ULT-AGG 4'075'800 0.49 - 26.02.2013 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 3'729'010 0.45 2'488'054 26.02.2013 Investment Advisor
DEUTSCHE BANK AG Multiple Portfolios MF-AGG 3'581'235 0.43 270'034 31.12.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 3'264'100 0.39 17'600 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'248'557 0.27 1'333'295 31.08.2011 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 2'120'057 0.26 - 31.08.2012 Private Equity
FRANK RUSSELL TRUST Multiple Portfolios MF-AGG 1'842'190 0.22 1'559'577 31.05.2012 Investment Advisor
PICTET CONSEIL EN IN Multiple Portfolios MF-AGG 1'522'573 0.18 (1'689) 30.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions AUSTIN BURKETT underweight 1 D #N/A N/A Not Provided 26.02.2013
Macquarie IAN MYLES outperform 5 M 6 12 month 21.02.2013
Deutsche Bank JOHN HIRJEE buy 5 M 6 12 month 20.02.2013
Morgan Stanley PHILIP BARE Overwt/In-Line 5 M 6 12 month 20.02.2013
RBC Capital Markets PAUL A JOHNSTON outperform 5 M 7 12 month 20.02.2013
Credit Suisse BENJAMIN MCVICAR underperform 1 M 5 Not Provided 20.02.2013
JPMorgan JASON HARLEY STEED underweight 1 M 5 9 month 20.02.2013
Commonwealth Bank WILLIAM ALLOTT overweight 5 M 6 12 month 20.02.2013
Goldman Sachs ANDREW MCCUSKER neutral/neutral 3 M 5 12 month 12.02.2013
E.L. & C. Baillieu MATHAN SOMASUNDARAM hold 3 M 5 12 month 10.12.2012
Wilson HTM Investment Group NATHAN LEAD hold 3 M 5 Not Provided 08.10.2012
Evans & Partners Pty Ltd TONY WILSON neutral 3 M #N/A N/A Not Provided 23.08.2012
Holdings By:
APA Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
CFS Retail Property Trust is a property trust that invests in, manages, and
develops a portfolio of retail assets throughout Australia. The Trust's
portfolio comprises a variety of retail properties such as supermarkets,
discount department stores, department stores, and specialty shops.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 2.11
52-Week Low (16.03.2012) 1.71
Daily Volume
2.06
52-Week High % Change -2.37% Dividend Yield 6.36
52-Week Low % Change 20.82% Beta 0.75
% 52 Week Price Range High/Low 82.72% Equity Float 2'179.41
Shares Out 31.12.2012 2'828.5 Short Int -
5'826.70 1 Yr Total Return 24.42%
Total Debt 2'202.60 YTD Return 7.57%
Preferred Stock 0.0 Adjusted BETA 0.752
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 7.40 Consensus Rating 3.143
Enterprise Value 8'021.90
Average Volume 5 Day 7'527'612
CFX AT EQUITY YTD Change - Average Volume 30 Day 7'349'610
CFX AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'475'358
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
547.1 560.1 622.9 704.4 739.3 - - 633.3 674.3 - -
11.22x 10.75x 11.22x 10.47x 10.39x - - 13.09x 12.56x - -
330.6 359.7 413.8 463.8 478.1 - - 501.7 535.2 - -
18.56x 16.74x 16.88x 15.90x 16.07x - - 15.99x 14.99x - -
669.1 (366.9) 315.0 532.6 409.2 - - 381.3 392.8 - -
6.25x - 14.94x 9.38x 13.45x - - 14.93x 14.82x - -
EBITDA 478.10 Long-Term Rating Date 13.08.2003
EBIT 475.90 Long-Term Rating A
Operating Margin 45.20% Long-Term Outlook STABLE
Pretax Margin 55.35% Short-Term Rating Date 13.08.2003
Return on Assets 4.84% Short-Term Rating A-1
Return on Common Equity 7.00%
Return on Capital 5.08% EBITDA/Interest Exp. 3.37
Asset Turnover 0.09% (EBITDA-Capex)/Interest Exp. 2.24
Net Debt/EBITDA 4.59
Gross Margin - Total Debt/EBITDA 4.61
EBITDA Margin 64.7%
EBIT Margin - Total Debt/Equity 37.6%
Net Income Margin 55.3% Total Debt/Capital 27.3%
Asset Turnover 0.09
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 26.12% Inventory Days -
Tot Debt to Common Equity 37.62% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
CFS Retail Property Trust GroupPrice/Volume
Valuation Analysis
9'908'693.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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0
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/2&- 9
0-&- 9
02&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GANDEL GROUP PTY LTD n/a Co File 438'842'489 15.52 - 20.08.2012 Corporation
COMMONWEALTH BANK OF n/a EXCH 371'009'941 13.12 (78'301'077) 04.12.2012 Bank
UNISUPER n/a Co File 210'242'365 7.43 - 20.08.2012 Other
VANGUARD GROUP INC n/a Co File 142'764'125 5.05 - 20.08.2012 Investment Advisor
MORGAN STANLEY n/a EXCH 137'342'033 4.86 (4'988'015) 30.09.2011 Other
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 97'433'089 3.44 2'506'422 30.09.2012 Mutual Fund Manager
MORGAN STANLEY n/a ULT-AGG 81'836'793 2.89 (1'638'712) 31.12.2012 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 50'070'344 1.77 (10'946'656) 08.05.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 35'641'555 1.26 144'634 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 34'325'805 1.21 - 20.08.2012 Investment Advisor
STATE STREET n/a ULT-AGG 34'091'915 1.21 - 26.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 26'857'462 0.95 (1'909'618) 31.08.2012 Investment Advisor
EUROPEAN INVESTORS I n/a Research 23'881'728 0.84 1'756'607 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 22'854'633 0.81 - 20.08.2012 Investment Advisor
SARASIN n/a ULT-AGG 17'358'048 0.61 (174'978) 28.12.2012 Unclassified
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 15'199'233 0.54 2'404'245 17.07.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 11'869'308 0.42 882'707 26.02.2013 Investment Advisor
MITSUBISHI UFJ FINAN n/a ULT-AGG 11'761'452 0.42 - 05.07.2012 Holding Company
NIKKO ASSET MANAGEME n/a ULT-AGG 11'676'414 0.41 (2'070'105) 01.02.2013 Unclassified
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 10'751'808 0.38 53'311 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse JOHN RICHMOND underperform 1 M 2 Not Provided 26.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 D #N/A N/A Not Provided 26.02.2013
Macquarie ROB FREEMAN outperform 5 M 2 12 month 22.02.2013
Morgan Stanley LOURENS PIRENC Overwt/In-Line 5 M 2 12 month 21.02.2013
Goldman Sachs SIMON WHEATLEY neutral/neutral 3 M 2 12 month 21.02.2013
JPMorgan ROB STANTON underweight 1 M 2 9 month 21.02.2013
Commonwealth Bank DAVID LLOYD underweight 1 M 2 12 month 21.02.2013
Deutsche Bank IAN RANDALL buy 5 U 2 12 month 31.10.2012
Moelis & Company SIMON SCOTT hold 3 D 2 12 month 17.05.2012
Holdings By:
CFS Retail Property Trust Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sydney Airport operates the Sydney, Australia airport. The Company develops
and maintains the airport infrastructure and leases terminal space to airlines
and retailers.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (20.12.2012) 3.61
52-Week Low (02.03.2012) 2.54
Daily Volume
3.2
52-Week High % Change -11.36% Dividend Yield 6.56
52-Week Low % Change 25.98% Beta 0.65
% 52 Week Price Range High/Low 56.07% Equity Float 1'252.65
Shares Out 30.06.2012 1'861.2 Short Int -
5'955.87 1 Yr Total Return 31.14%
Total Debt 6'910.98 YTD Return -5.33%
Preferred Stock 0.0 Adjusted BETA 0.649
Minority Interest 138.8 Analyst Recs 13
Cash and Equivalents 1'124.32 Consensus Rating 2.385
Enterprise Value 11'996.57
Average Volume 5 Day 5'018'131
SYD AT EQUITY YTD Change - Average Volume 30 Day 8'319'663
SYD AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'755'100
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/12 Q3 12/12 Q4
5'016.9 1'212.6 928.5 967.6 1'034.0 0.0 309.4 1'104.4 1'178.8 - -
1.78x 8.95x 11.80x 11.24x - #DIV/0! 31.21x 11.07x 10.52x - -
3'053.4 (469.1) 737.6 728.5 - 0.0 51.5 899.3 951.5 - -
2.92x - 14.85x 14.93x - 0.00x 0.00x 13.34x 12.61x - -
2'070.5 (572.7) 100.8 (239.9) 179.2 0.0 203.7 169.9 191.5 - -
1.99x - 51.79x 40.69x 35.21x 0.00x 0.00x 34.41x 31.07x - -
EBITDA 728.53 Long-Term Rating Date 01.02.2010
EBIT 422.75 Long-Term Rating NR
Operating Margin 43.69% Long-Term Outlook -
Pretax Margin -1.51% Short-Term Rating Date -
Return on Assets 0.99% Short-Term Rating -
Return on Common Equity 3.72%
Return on Capital - EBITDA/Interest Exp. 1.49
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. 1.14
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 47.1% Total Debt/Equity 301.3%
Net Income Margin 17.3% Total Debt/Capital 74.0%
Asset Turnover 0.08
Current Ratio 0.89 Net Fixed Asset Turnover 0.40
Quick Ratio 0.64 Accounts receivable turnover-days 100.12
Debt to Assets 56.95% Inventory Days -
Tot Debt to Common Equity 301.27% Accounts Payable Turnover Day -
Accounts Receivable Turnover 3.66 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Sydney AirportPrice/Volume
Valuation Analysis
6'241'753.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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/
/
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0
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1
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1-&- 9
2-&- 9
3-&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
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-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MACQUARIE GROUP LTD n/a ULT-AGG 416'122'357 22.36 (50'405) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 128'646'555 6.91 (21'244'334) 25.01.2013 Investment Advisor
ARTIO GLOBAL MANAGEM n/a EXCH 104'528'424 5.62 5'740'831 21.04.2011 Investment Advisor
ABU DHABI INVESTMENT n/a Co File 94'553'945 5.08 - 29.02.2012 Government
FUTURE FUND BOARD OF n/a Co File 93'094'027 5 - 29.02.2012 n/a
RARE INFRASTRUCTURE n/a EXCH 92'975'882 5 (12'152'864) 07.09.2012 Other
CAPITAL GROUP COMPAN n/a ULT-AGG 88'476'393 4.75 (16'399'155) 24.01.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 30'817'326 1.66 (6'477) 25.02.2013 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 28'128'021 1.51 (5'416'544) 14.09.2012 Investment Advisor
THORNBURG INVESTMENT Multiple Portfolios MF-AGG 20'385'909 1.1 - 31.12.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 14'081'294 0.76 - 30.06.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 13'730'470 0.74 37'391 25.02.2013 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 11'509'818 0.62 29'200 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 11'428'397 0.61 875'636 30.09.2012 Mutual Fund Manager
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 9'774'650 0.53 - 28.09.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 9'528'810 0.51 - 30.06.2011 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 8'741'664 0.47 - 26.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'305'978 0.39 (538'608) 31.12.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 6'517'669 0.35 - 30.06.2012 Investment Advisor
SUMITOMO MITSUI ASSE Multiple Portfolios MF-AGG 4'651'000 0.25 - 18.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley SCOTT KELLY Equalwt/Cautious 3 M 3 12 month 27.02.2013
CIMB MICHAEL NEWBOLD neutral 3 M 3 12 month 27.02.2013
JPMorgan CAROLYN HOLMES underweight 1 M 3 9 month 01.02.2013
Goldman Sachs ANDREW MCCUSKER neutral/neutral 3 M 3 12 month 18.01.2013
Macquarie IAN MYLES neutral 3 M 3 12 month 18.01.2013
Nomura DAVID FRASER neutral 3 M 4 Not Provided 17.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
Commonwealth Bank ANDRE FROMYHR underweight 1 M 3 12 month 07.01.2013
Deutsche Bank CAMERON MCDONALD hold 3 D 3 12 month 21.12.2012
E.L. & C. Baillieu MATHAN SOMASUNDARAM hold 3 M 3 12 month 10.12.2012
Holdings By:
Sydney Airport ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Crown Ltd. operates and manages gaming and entertainment facilities, bars,
restaurants, nightclubs, cinemas and retail outlets. The Company also develops
hotels and conference centre facilities.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 12.12
52-Week Low (04.06.2012) 8.06
Daily Volume
11.74
52-Week High % Change -3.14% Dividend Yield 3.15
52-Week Low % Change 45.66% Beta 0.70
% 52 Week Price Range High/Low 87.19% Equity Float 363.63
Shares Out 31.12.2012 728.4 Short Int -
8'551.35 1 Yr Total Return 48.79%
Total Debt 1'694.67 YTD Return 10.03%
Preferred Stock 0.0 Adjusted BETA 0.702
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 149.35 Consensus Rating 4.000
Enterprise Value 10'288.01
Average Volume 5 Day 1'591'418
CWN AT EQUITY YTD Change - Average Volume 30 Day 2'016'857
CWN AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'882'216
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'008.3 2'175.3 2'312.1 2'379.2 2'773.2 - - 2'928.1 3'135.8 - -
3.20x 2.78x 2.83x 3.22x 2.79x - - 3.53x 3.31x - -
(2'740.3) 713.6 684.8 633.6 774.9 - - 764.6 849.7 - -
- 8.49x 9.56x 12.09x 9.97x - - 13.46x 12.11x - -
3'546.4 (1'197.9) 292.3 335.9 513.3 - - 448.6 531.8 - -
1.81x - 20.16x 20.16x 12.17x - - 19.09x 16.10x - -
EBITDA 774.89 Long-Term Rating Date 03.12.2007
EBIT 556.63 Long-Term Rating BBB
Operating Margin 20.07% Long-Term Outlook STABLE
Pretax Margin 22.35% Short-Term Rating Date 02.10.2009
Return on Assets 7.28% Short-Term Rating A-2
Return on Common Equity 12.68%
Return on Capital 10.60% EBITDA/Interest Exp. 6.16
Asset Turnover 0.48% (EBITDA-Capex)/Interest Exp. 2.47
Net Debt/EBITDA 2.54
Gross Margin 95.4% Total Debt/EBITDA 2.84
EBITDA Margin 24.5%
EBIT Margin 16.0% Total Debt/Equity 50.2%
Net Income Margin 18.5% Total Debt/Capital 33.4%
Asset Turnover 0.48
Current Ratio 0.66 Net Fixed Asset Turnover 1.00
Quick Ratio 0.56 Accounts receivable turnover-days 37.55
Debt to Assets 28.86% Inventory Days 51.00
Tot Debt to Common Equity 50.22% Accounts Payable Turnover Day 900.91
Accounts Receivable Turnover 9.75 Cash Conversion Cycle -789.17
Inventory Turnover 7.18
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Crown LtdPrice/Volume
Valuation Analysis
982'832.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
./
.1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PACKER JAMES DOUGLAS n/a EXCH 364'270'253 50.01 13'958'286 19.12.2012 n/a
PERPETUAL LTD n/a EXCH 44'422'434 6.1 (7'779'827) 11.01.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'402'216 1.02 182'087 31.12.2012 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 7'187'489 0.99 101'200 14.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 4'209'192 0.58 3'340 25.02.2013 Investment Advisor
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 3'034'216 0.42 (26'475) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'211'952 0.3 796'630 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'069'063 0.28 (93'136) 30.09.2012 Mutual Fund Manager
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 2'006'770 0.28 - 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'930'925 0.27 - 30.06.2011 Investment Advisor
HEXAVEST INC HEXAVEST INC 13F 1'226'967 0.17 127'737 31.12.2012 Investment Advisor
HENDERSON GLOBAL INV Multiple Portfolios MF-AGG 1'133'091 0.16 - 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 730'302 0.1 - 31.07.2012 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 658'736 0.09 - 28.12.2012 Unclassified
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 622'498 0.09 10'664 28.12.2012 Mutual Fund Manager
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 552'655 0.08 133'846 30.09.2011 Mutual Fund Manager
FMR LLC n/a ULT-AGG 463'293 0.06 (459'258) 31.12.2012 Investment Advisor
PARVEST INVESTMENT M Multiple Portfolios MF-AGG 408'460 0.06 (19'500) 30.09.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 363'034 0.05 - 30.11.2011 Investment Advisor
SJUNDE AP FONDEN Multiple Portfolios MF-AGG 330'755 0.05 59'057 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley MARK A CHRISTENSEN Overwt/In-Line 5 M 13 12 month 24.02.2013
Deutsche Bank MARK WILSON buy 5 M 14 12 month 22.02.2013
Credit Suisse LARRY GANDLER neutral 3 D 13 Not Provided 22.02.2013
JPMorgan MATTHEW RYAN overweight 5 M 12 3 month 22.02.2013
Macquarie ANDREW LEVY outperform 5 M 12 12 month 22.02.2013
CIMB MICHAEL NOLAN neutral 3 M 11 12 month 22.02.2013
Commonwealth Bank BEN BROWNETTE neutral 3 M 12 12 month 22.02.2013
Nomura NICK BERRY neutral 3 M 12 Not Provided 22.02.2013
Goldman Sachs ADAM ALEXANDER Buy/Neutral 5 M 13 12 month 29.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
Holdings By:
Crown Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Tatts Group Ltd. provides diversified network gambling services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (11.02.2013) 3.42
52-Week Low (09.03.2012) 2.31
Daily Volume
3.24
52-Week High % Change -5.26% Dividend Yield -
52-Week Low % Change 40.26% Beta 0.76
% 52 Week Price Range High/Low 95.50% Equity Float 1'256.56
Shares Out 27.02.2013 1'388.0 Short Int -
4'496.96 1 Yr Total Return 42.18%
Total Debt 1'307.16 YTD Return 10.30%
Preferred Stock 0.0 Adjusted BETA 0.756
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 290.14 Consensus Rating 3.000
Enterprise Value 5'814.92
Average Volume 5 Day 5'146'375
TTS AT EQUITY YTD Change - Average Volume 30 Day 4'359'164
TTS AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'996'883
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
3'067.1 3'200.4 3'288.0 3'657.0 3'879.4 - - 3'059.1 3'090.3 - -
1.17x 1.18x 1.23x 1.14x 1.18x - - 1.93x 1.88x - -
501.7 556.6 729.1 617.5 654.0 - - 512.8 541.9 - -
7.18x 6.78x 5.57x 6.76x 7.01x - - 11.34x 10.73x - -
257.6 277.4 119.4 275.4 319.1 - - 216.5 231.1 - -
11.58x 11.64x 27.32x 11.32x 11.01x - - 20.51x 19.40x - -
EBITDA 654.02 Long-Term Rating Date -
EBIT 553.54 Long-Term Rating -
Operating Margin 14.27% Long-Term Outlook -
Pretax Margin 11.61% Short-Term Rating Date -
Return on Assets 5.46% Short-Term Rating -
Return on Common Equity 10.58%
Return on Capital - EBITDA/Interest Exp. 6.26
Asset Turnover 0.67% (EBITDA-Capex)/Interest Exp. 5.68
Net Debt/EBITDA 2.29
Gross Margin - Total Debt/EBITDA 2.96
EBITDA Margin 16.6%
EBIT Margin 14.1% Total Debt/Equity 49.1%
Net Income Margin 8.2% Total Debt/Capital 32.9%
Asset Turnover 0.67
Current Ratio 0.48 Net Fixed Asset Turnover 16.70
Quick Ratio 0.38 Accounts receivable turnover-days 19.30
Debt to Assets 26.44% Inventory Days -
Tot Debt to Common Equity 49.07% Accounts Payable Turnover Day -
Accounts Receivable Turnover 18.97 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Tatts Group LtdPrice/Volume
Valuation Analysis
7'792'488.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
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0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
.-&--
./&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 89'938'304 6.48 - 05.09.2012 Bank
PERPETUAL LTD n/a EXCH 71'661'678 5.16 - 12.03.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 24'597'216 1.77 535'765 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 16'785'919 1.21 8'769 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 14'152'739 1.02 - 28.08.2012 Investment Advisor
SEYMOUR KEVIN WILL n/a Co File 14'108'306 1.02 - 23.08.2012 n/a
TASSYD PTY LIMITED n/a Co File 13'955'000 1.01 - 28.08.2012 Corporation
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 10'152'222 0.73 1'016'678 30.09.2012 Mutual Fund Manager
DAVEY ROBIN EDWARD n/a Co File 9'568'668 0.69 - 28.08.2012 n/a
QUEENSLAND INVESTMEN n/a Co File 8'706'705 0.63 - 28.08.2012 Investment Advisor
WENTWORTH INVESTMENT n/a Co File 7'176'501 0.52 - 28.08.2012 Other
STATE STREET n/a ULT-AGG 5'455'674 0.39 - 26.02.2013 Investment Advisor
CREDIT SUISSE SECURI n/a Co File 4'400'000 0.32 - 28.08.2012 Unclassified
ABERDEEN n/a ULT-AGG 4'344'277 0.31 (248'123) 31.01.2013 Unclassified
QUESTOR FINANCIAL SE n/a Co File 3'819'230 0.28 - 28.08.2012 Private Equity
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 3'464'921 0.25 - 31.07.2012 Investment Advisor
SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 3'187'713 0.23 32'620 28.12.2012 Mutual Fund Manager
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 2'854'800 0.21 233'900 30.09.2012 Investment Advisor
HEXAVEST INC HEXAVEST INC 13F 2'741'501 0.2 305'805 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 2'470'324 0.18 103'600 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie LACHLAN FITT underperform 1 M 3 12 month 22.02.2013
Morgan Stanley MARK A CHRISTENSEN Equalwt/In-Line 3 D 3 12 month 21.02.2013
Credit Suisse LARRY GANDLER neutral 3 M 3 Not Provided 21.02.2013
JPMorgan MATTHEW RYAN underweight 1 M 3 3 month 21.02.2013
CIMB MICHAEL NOLAN neutral 3 M 3 12 month 21.02.2013
Commonwealth Bank BEN BROWNETTE underweight 1 D 3 12 month 21.02.2013
Nomura NICK BERRY buy 5 M 4 Not Provided 21.02.2013
Goldman Sachs ADAM ALEXANDER neutral/neutral 3 M 3 12 month 29.01.2013
Deutsche Bank MARK WILSON hold 3 M 3 12 month 22.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Tatts Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Iluka Resources Limited is involved in the mining, concentration and separation
of mineral sands and titanium minerals. The Company also produces ilmenite and
other titani-ferrous concentrates, zircon, and synthetic rutile along with the
exploration of coal. Iluka's products are exported throughout the world.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (02.04.2012) 18.40
52-Week Low (19.11.2012) 7.36
Daily Volume
10.06
52-Week High % Change -45.33% Dividend Yield 7.95
52-Week Low % Change 36.68% Beta 1.67
% 52 Week Price Range High/Low 24.46% Equity Float 373.84
Shares Out 30.06.2012 418.7 Short Int -
4'212.13 1 Yr Total Return -35.38%
Total Debt 164.00 YTD Return 11.53%
Preferred Stock 0.0 Adjusted BETA 1.668
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 320.70 Consensus Rating 3.000
Enterprise Value 4'329.33
Average Volume 5 Day 4'307'324
ILU AT EQUITY YTD Change - Average Volume 30 Day 3'884'798
ILU AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'767'136
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
862.4 549.7 886.6 1'536.7 1'069.8 - - 865.8 1'311.5 - -
2.35x 3.41x 4.64x 4.10x - - - 4.89x 3.04x - -
199.4 62.9 295.5 1'012.6 - - - 328.6 604.3 - -
10.17x 29.80x 13.91x 6.22x - - - 13.18x 7.16x - -
77.5 (82.4) 36.1 541.8 363.2 - - 96.4 299.3 - -
33.62x - 106.28x 11.91x 10.36x - - 44.32x 13.76x - -
EBITDA 1'012.60 Long-Term Rating Date -
EBIT 787.00 Long-Term Rating -
Operating Margin 51.21% Long-Term Outlook -
Pretax Margin 49.50% Short-Term Rating Date -
Return on Assets 30.93% Short-Term Rating -
Return on Common Equity 47.71%
Return on Capital 42.75% EBITDA/Interest Exp. 83.69
Asset Turnover 0.75% (EBITDA-Capex)/Interest Exp. 71.91
Net Debt/EBITDA 0.09
Gross Margin 54.1% Total Debt/EBITDA 0.12
EBITDA Margin 75.8%
EBIT Margin 58.9% Total Debt/Equity 10.7%
Net Income Margin 34.0% Total Debt/Capital 9.7%
Asset Turnover 0.75
Current Ratio 2.62 Net Fixed Asset Turnover 1.15
Quick Ratio 1.47 Accounts receivable turnover-days 54.03
Debt to Assets 6.68% Inventory Days 247.76
Tot Debt to Common Equity 10.69% Accounts Payable Turnover Day 47.58
Accounts Receivable Turnover 6.77 Cash Conversion Cycle 173.17
Inventory Turnover 1.48
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Iluka Resources LtdPrice/Volume
Valuation Analysis
2'252'096.00
Current Price (2/dd/yy) Market Data
-/135
.-
./
.1
.3
.5/-
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2&- 9
.-&- 9
.2&- 9
/-&- 9
/2&- 9
0-&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
02&--
1-&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 60'259'659 14.39 (4'165'047) 25.02.2013 Investment Advisor
M&G INVESTMENT MANAG n/a EXCH 42'755'825 10.21 4'898'362 24.12.2012 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 27'386'364 6.54 6'270'848 28.11.2012 Investment Advisor
FMR LLC n/a ULT-AGG 27'293'803 6.52 (6'200'027) 15.11.2012 Investment Advisor
SUN LIFE FINANCIAL I n/a EXCH 25'446'567 6.08 4'362'575 10.09.2012 Investment Advisor
RS INVESTMENT MANAGE n/a EXCH 21'799'163 5.21 - 15.11.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 21'622'548 5.16 - 21.03.2012 Bank
CREDIT SUISSE HLDGS n/a EXCH 21'197'136 5.06 - 06.02.2013 Bank
VANGUARD GROUP INC n/a EXCH 20'350'000 4.86 (4'900'000) 06.10.2011 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 15'864'338 3.79 1'049'643 31.12.2012 Investment Advisor
ALLIANZ ASSET MANAGE n/a ULT-AGG 4'967'453 1.19 1'420'469 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 4'091'540 0.98 - 26.02.2013 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 3'873'848 0.93 - 30.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 3'447'132 0.82 3'181'096 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 3'239'132 0.77 - 21.03.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'119'443 0.75 253'845 30.09.2012 Mutual Fund Manager
JP MORGAN n/a ULT-AGG 1'949'510 0.47 (6'495) 31.12.2012 Unclassified
AUSTRALIAN FOUNDATIO n/a Co File 1'700'000 0.41 - 21.03.2012 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 1'573'500 0.38 - 30.06.2012 Mutual Fund Manager
ALPINE WOODS CAPITAL Multiple Portfolios MF-AGG 1'552'100 0.37 1'552'100 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 26.02.2013
Macquarie ANDREW SULLIVAN underperform 1 M 7 12 month 25.02.2013
Nomura DAVID COTTERELL buy 5 M 12 Not Provided 24.02.2013
RBC Capital Markets GEOFF BREEN sector perform 3 M 11 12 month 22.02.2013
Wilson HTM Investment Group ANDREW PEDLER hold 3 M 9 Not Provided 22.02.2013
Deutsche Bank CHRIS TERRY sell 1 M 9 12 month 21.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 10 12 month 21.02.2013
Goldman Sachs IAN PRESTON sell/attractive 1 M 9 12 month 21.02.2013
Credit Suisse MATTHEW HOPE neutral 3 D 11 Not Provided 21.02.2013
JPMorgan MARK BUSUTTIL overweight 5 M 13 9 month 21.02.2013
CIMB MICHAEL EVANS underperform 1 D 9 12 month 21.02.2013
Commonwealth Bank ANDREW KNUCKEY underweight 1 M 9 12 month 21.02.2013
Bell Potter FRED TRUONG buy 5 M 12 12 month 21.02.2013
Investec TIM GERRARD hold 3 D 10 12 month 17.01.2013
Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 14.10.2011
Holdings By:
Iluka Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
James Hardie Industries Plc manufactures building products, including fiber
cement siding, backerboard, and pipe.
Latest Fiscal Year: 03/2012
LTM as of: 09/yy
52-Week High (31.01.2013) 10.29
52-Week Low (21.05.2012) 6.87
Daily Volume
9.5
52-Week High % Change -7.68% Dividend Yield 8.37
52-Week Low % Change 38.28% Beta 1.09
% 52 Week Price Range High/Low 72.51% Equity Float -
Shares Out 20.12.2012 440.9 Short Int -
4'188.72 1 Yr Total Return 32.96%
Total Debt 30.90 YTD Return 4.17%
Preferred Stock 0.0 Adjusted BETA 1.088
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 265.40 Consensus Rating 2.714
Enterprise Value 4'189.33
Average Volume 5 Day 1'259'262
JHX AT EQUITY YTD Change - Average Volume 30 Day 1'023'494
JHX AT EQUITY YTD % CHANGE - Average Volume 3 Month 999'790
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 09/yy 09/yy 03/13 Y 03/14 Y 12/12 Q3 03/13 Q4
1'468.8 1'202.6 1'124.6 1'167.0 1'237.5 1'206.2 1'266.4 1'344.2 1'570.0 309.0 342.5
1.83x 1.28x 2.69x 2.40x 2.63x 9.22x 10.62x 3.11x 2.73x - -
331.0 212.6 264.9 253.4 250.8 250.1 240.2 257.2 337.5 61.5 65.5
8.14x 7.24x 11.44x 11.04x 12.96x 9.89x 16.21x 16.29x 12.41x 13.22x 12.42x
(71.6) 136.3 (84.9) (347.0) 604.3 100.2 559.4 149.3 197.9 33.5 30.7
20.39x 10.39x 51.26x 24.30x 24.90x 15.98x 29.15x 28.38x 21.99x 22.77x 21.04x
EBITDA 250.80 Long-Term Rating Date 02.06.1999
EBIT 185.60 Long-Term Rating NR
Operating Margin 15.00% Long-Term Outlook -
Pretax Margin 12.21% Short-Term Rating Date 02.06.1999
Return on Assets 28.26% Short-Term Rating NR
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. 22.39
Asset Turnover 0.64% (EBITDA-Capex)/Interest Exp. 19.20
Net Debt/EBITDA -0.32
Gross Margin 32.9% Total Debt/EBITDA 0.00
EBITDA Margin 19.0%
EBIT Margin 13.9% Total Debt/Equity 24.4%
Net Income Margin 48.8% Total Debt/Capital 19.6%
Asset Turnover 0.64
Current Ratio 2.17 Net Fixed Asset Turnover 1.87
Quick Ratio 1.00 Accounts receivable turnover-days 40.40
Debt to Assets 1.34% Inventory Days 77.79
Tot Debt to Common Equity 24.45% Accounts Payable Turnover Day 40.59
Accounts Receivable Turnover 9.06 Cash Conversion Cycle 91.36
Inventory Turnover 4.71
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
James Hardie Industries PlcPrice/Volume
Valuation Analysis
3'308'913.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
./
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.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2-&--
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/--&--
/2-&--
-0&-1&/--6 -0&.-&/--6 -0&-1&/-.- -0&.-&/-.- -0&-1&/-.. -0&.-&/-.. -0&-1&/-./ -0&.-&/-./
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
FMR LLC n/a ULT-AGG 41'016'300 9.3 3'921'230 17.10.2012 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 34'651'645 7.86 4'874'178 22.02.2013 Unclassified
COMMONWEALTH BANK OF n/a EXCH 34'442'731 7.81 (4'501'788) 19.07.2012 Bank
BAILLIE GIFFORD AND n/a EXCH 31'301'628 7.1 4'394'115 09.01.2012 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 28'687'853 6.51 (4'747'346) 28.09.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 28'198'184 6.4 - 31.05.2012 Bank
CAPITAL GROUP COMPAN n/a ULT-AGG 27'010'612 6.13 4'989'462 15.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 26'751'483 6.07 7'849 25.02.2013 Investment Advisor
AUSBIL DEXIA LIMITED n/a Co File 24'980'920 5.67 - 31.05.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 15'425'300 3.5 - 30.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 11'315'451 2.57 139'516 31.12.2012 Investment Advisor
AMP LIFE LTD n/a 20F 3'750'431 0.85 - 31.05.2012 Investment Advisor
AMERICAN CENTURY COM Multiple Portfolios MF-AGG 3'131'856 0.71 72'873 31.12.2012 Investment Advisor
UBS n/a ULT-AGG 3'115'767 0.71 (329'243) 28.12.2012 Unclassified
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'319'256 0.53 71'653 30.09.2012 Mutual Fund Manager
PACIFIC LIFE INSURAN Multiple Portfolios MF-AGG 2'279'804 0.52 169'128 31.01.2013 Insurance Company
JP MORGAN n/a ULT-AGG 1'502'014 0.34 - 31.05.2012 Unclassified
MIRRABOOKA INVESTMEN n/a 20F 1'115'000 0.25 - 31.05.2012 Investment Advisor
BABSON CAPITAL MANAG Multiple Portfolios MF-AGG 972'977 0.22 (98'700) 30.11.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a 20F 964'000 0.22 - 31.05.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
CIMB ANDREW G SCOTT underperform 1 M 8 12 month 27.02.2013
Nomura SIMON THACKRAY neutral 3 M 8 Not Provided 26.02.2013
Credit Suisse ANDREW PEROS neutral 3 M 9 Not Provided 25.02.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Commonwealth Bank MICHAEL WARD neutral 3 M 9 12 month 16.01.2013
JPMorgan JASON HARLEY STEED neutral 3 U 9 9 month 15.01.2013
Deutsche Bank EMILY BEHNCKE buy 5 M 9 12 month 08.01.2013
Goldman Sachs MATTHEW MCNEE neutral/neutral 3 M 9 12 month 19.12.2012
Macquarie LIAM FARLOW neutral 3 M 9 12 month 07.12.2012
Morgan Stanley PHILIP BARE Equalwt/Cautious 3 M 8 12 month 15.11.2012
Holdings By:
James Hardie Industries Plc ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Toll Holdings Limited provides express freight transport by road, rail and sea.
The Company also provides integrated logistics and distribution systems,
including specialized warehousing, port operations, and vehicle transport and
distribution. Toll's operations cover coastal shipping, refrigerated freight
services, bulk liquid transportation, and wharf services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 6.15
52-Week Low (13.07.2012) 3.72
Daily Volume
6.02
52-Week High % Change -2.11% Dividend Yield 4.32
52-Week Low % Change 61.83% Beta 1.33
% 52 Week Price Range High/Low 97.12% Equity Float 669.89
Shares Out 31.12.2012 717.1 Short Int -
4'317.15 1 Yr Total Return 12.58%
Total Debt 1'708.30 YTD Return 32.02%
Preferred Stock 0.0 Adjusted BETA 1.334
Minority Interest 19.3 Analyst Recs 13
Cash and Equivalents 569.10 Consensus Rating 2.538
Enterprise Value 5'525.55
Average Volume 5 Day 5'632'257
TOL AT EQUITY YTD Change - Average Volume 30 Day 4'146'549
TOL AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'535'122
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
5'593.7 6'480.6 6'944.0 8'224.5 8'707.2 - - 8'891.6 9'333.9 - -
0.93x 0.73x 0.69x 0.55x 0.46x - - 0.61x 0.58x - -
684.0 583.0 595.3 639.7 659.7 - - 714.9 771.1 - -
7.62x 8.15x 8.08x 7.03x 6.08x - - 7.73x 7.17x - -
(694.7) 270.3 278.9 281.4 64.6 - - 297.6 322.9 - -
15.55x 15.19x 13.73x 12.19x 44.22x - - 14.61x 13.29x - -
EBITDA 659.70 Long-Term Rating Date -
EBIT 377.10 Long-Term Rating -
Operating Margin 4.33% Long-Term Outlook -
Pretax Margin 1.82% Short-Term Rating Date -
Return on Assets 1.60% Short-Term Rating -
Return on Common Equity 3.44%
Return on Capital 2.84% EBITDA/Interest Exp. 13.46
Asset Turnover 1.44% (EBITDA-Capex)/Interest Exp. 3.70
Net Debt/EBITDA 1.78
Gross Margin - Total Debt/EBITDA 2.59
EBITDA Margin 7.5%
EBIT Margin 4.3% Total Debt/Equity 62.6%
Net Income Margin 0.7% Total Debt/Capital 38.3%
Asset Turnover 1.44
Current Ratio 1.14 Net Fixed Asset Turnover 4.27
Quick Ratio 0.89 Accounts receivable turnover-days 52.38
Debt to Assets 28.28% Inventory Days -
Tot Debt to Common Equity 62.64% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.99 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Toll Holdings LtdPrice/Volume
Valuation Analysis
4'737'919.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
9'000.0
10'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
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-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
UBS n/a ULT-AGG 40'162'508 5.6 (1'558'888) 31.10.2012 Unclassified
LITTLE PAUL ALEXANDE n/a Co File 37'535'935 5.23 - 27.08.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 35'565'896 4.96 (1'863'727) 13.02.2013 Bank
MACQUARIE GROUP LTD n/a ULT-AGG 29'071'225 4.05 - 29.08.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'026'443 1.82 269'319 31.12.2012 Investment Advisor
PGA INVESTMENTS PTY n/a Co File 8'500'000 1.19 - 27.08.2012 n/a
AUSTRALIAN FOUNDATIO n/a Co File 8'132'516 1.13 - 27.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 8'056'304 1.12 55'174 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'135'054 0.72 453'015 30.09.2012 Mutual Fund Manager
QUEENSLAND INVESTMEN n/a Co File 4'359'935 0.61 - 27.08.2012 Investment Advisor
AMP LIFE LTD n/a Co File 3'475'764 0.48 - 27.08.2012 Investment Advisor
IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 3'183'699 0.44 - 31.12.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 3'142'161 0.44 (199'042) 31.01.2013 Mutual Fund Manager
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 2'714'563 0.38 89'371 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 2'388'785 0.33 - 27.08.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 2'058'936 0.29 - 27.08.2012 Private Equity
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'734'572 0.24 - 31.07.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'730'737 0.24 358'515 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 1'546'203 0.22 328'838 26.02.2013 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 1'508'100 0.21 1'065'500 30.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 26.02.2013
JPMorgan SCOTT CARROLL underweight 1 M 6 9 month 21.02.2013
Macquarie RUSSELL SHAW neutral 3 M 6 12 month 21.02.2013
Deutsche Bank CAMERON MCDONALD hold 3 M 6 12 month 20.02.2013
Morgan Stanley SCOTT KELLY Underwt/In-Line 1 D 5 12 month 20.02.2013
Goldman Sachs ANDREW GIBSON neutral/neutral 3 M 6 12 month 20.02.2013
Credit Suisse NICHOLAS MARKIEWICZ neutral 3 M 6 Not Provided 20.02.2013
CIMB MARK WILLIAMS underperform 1 M 6 12 month 20.02.2013
Commonwealth Bank MATT CROWE underweight 1 M 6 12 month 20.02.2013
Nomura DAVID FRASER neutral 3 M 6 Not Provided 20.02.2013
Evans & Partners Pty Ltd PAUL RYAN neutral 3 U #N/A N/A Not Provided 12.08.2011
Paterson Securities GRAEME CARSON hold 3 M 7 12 month 29.10.2010
E.L. & C. Baillieu ROSS MACMILLAN accumulate 4 N 7 12 month 26.08.2010
Holdings By:
Toll Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Ramsay Health Care Ltd. provides health care services. The Company offers
private hospital services, including, rehabilitation, psychiatric care, day,
and complex surgery. Ramsay Health Care owns, operates, and manages health care
facilities throughout Australia, Indonesia, and Europe.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 32.24
52-Week Low (27.02.2012) 18.03
Daily Volume
31.44
52-Week High % Change -2.48% Dividend Yield 1.91
52-Week Low % Change 74.38% Beta 0.63
% 52 Week Price Range High/Low 91.47% Equity Float 117.77
Shares Out 30.06.2012 202.1 Short Int -
6'353.43 1 Yr Total Return 78.71%
Total Debt 1'069.06 YTD Return 15.25%
Preferred Stock 252.2 Adjusted BETA 0.634
Minority Interest (7.8) Analyst Recs 15
Cash and Equivalents 173.42 Consensus Rating 2.533
Enterprise Value 7'493.43
Average Volume 5 Day 447'579
RHC AT EQUITY YTD Change - Average Volume 30 Day 416'869
RHC AT EQUITY YTD % CHANGE - Average Volume 3 Month 379'037
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'651.2 3'199.9 3'374.1 3'693.0 3'919.2 - - 4'224.6 4'556.6 - -
1.14x 1.13x 1.25x 1.33x 1.45x - - 1.77x 1.63x - -
318.9 387.7 443.7 466.6 517.0 - - 635.8 702.2 - -
9.51x 9.31x 9.52x 10.52x 10.98x - - 11.79x 10.67x - -
92.2 106.5 148.3 198.4 244.1 - - 278.7 316.7 - -
19.53x 22.50x 20.25x 20.02x 20.06x - - 23.03x 20.34x - -
EBITDA 517.02 Long-Term Rating Date -
EBIT 370.13 Long-Term Rating -
Operating Margin 9.44% Long-Term Outlook -
Pretax Margin 8.59% Short-Term Rating Date -
Return on Assets 6.84% Short-Term Rating -
Return on Common Equity 20.37%
Return on Capital 12.05% EBITDA/Interest Exp. 6.31
Asset Turnover 1.10% (EBITDA-Capex)/Interest Exp. 3.60
Net Debt/EBITDA 1.75
Gross Margin - Total Debt/EBITDA 2.09
EBITDA Margin 13.1%
EBIT Margin 9.3% Total Debt/Equity 92.0%
Net Income Margin 6.2% Total Debt/Capital 43.2%
Asset Turnover 1.10
Current Ratio 0.92 Net Fixed Asset Turnover 2.16
Quick Ratio 0.74 Accounts receivable turnover-days 39.53
Debt to Assets 29.81% Inventory Days -
Tot Debt to Common Equity 92.01% Accounts Payable Turnover Day -
Accounts Receivable Turnover 9.26 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Ramsay Health Care LtdPrice/Volume
Valuation Analysis
661'312.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
.-
.2
/-
/2
0-
02
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
&/ 9
&1 9
&3 9
&5 9
.&- 9
.&/ 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
RAMSAY PAUL JOSEPH n/a Co File 73'149'269 36.2 - 18.09.2012 n/a
FMR LLC n/a ULT-AGG 11'538'553 5.71 306'096 30.09.2012 Investment Advisor
FMR LLC n/a EXCH 10'091'387 4.99 (22'014) 10.09.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'402'175 1.19 40'713 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'417'934 0.7 498 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 1'360'000 0.67 - 29.06.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'353'443 0.67 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 692'637 0.34 24'380 30.09.2012 Mutual Fund Manager
REX CHRISTOPHER PA n/a EXCH 483'873 0.24 19'357 14.09.2012 n/a
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 270'000 0.13 - 31.12.2012 Investment Advisor
CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 222'786 0.11 (46'940) 30.06.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 206'002 0.1 1'776 28.12.2012 Mutual Fund Manager
SODEN BRUCE ROGER n/a EXCH 195'791 0.1 50'000 31.08.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 184'527 0.09 (805'727) 31.08.2011 Investment Advisor
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 162'900 0.08 (23'541) 28.09.2012 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 153'631 0.08 60'079 31.10.2012 Investment Advisor
SIDDLE MICHAEL STANL n/a Co File 152'564 0.08 - 07.09.2012 n/a
INVESCO LTD Multiple Portfolios MF-AGG 133'752 0.07 9'111 26.02.2013 Investment Advisor
ABERDEEN n/a ULT-AGG 116'400 0.06 - 31.01.2013 Unclassified
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 96'932 0.05 (5'761) 30.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank DAVID A LOW hold 3 M 29 12 month 26.02.2013
Morgan Stanley JAMES RUTLEDGE Equalwt/Cautious 3 M 27 12 month 26.02.2013
Goldman Sachs IAN ABBOTT Buy/Neutral 5 M 31 12 month 26.02.2013
Credit Suisse SAUL HADASSIN neutral 3 M 33 Not Provided 26.02.2013
JPMorgan STEVEN D WHEEN neutral 3 M 28 9 month 26.02.2013
Macquarie CRAIG COLLIE neutral 3 M 34 12 month 26.02.2013
CIMB DEREK JELLINEK underperform 1 M 23 12 month 26.02.2013
Commonwealth Bank BRUCE DU underweight 1 M 27 12 month 26.02.2013
Nomura DAVID STANTON neutral 3 M 30 Not Provided 26.02.2013
Wilson HTM Investment Group SHANE STOREY hold 3 M 24 Not Provided 30.01.2013
EVA Dimensions ANDREW S ZAMFOTIS underweight 1 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd LOU CAPPARELLI negative 2 D #N/A N/A Not Provided 09.01.2013
Bell Potter STUART ROBERTS buy 5 N 19 12 month 01.08.2011
Moelis & Company ADAM S MICHELL hold 3 M 10 12 month 14.05.2009
Holdings By:
Ramsay Health Care Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Cochlear Limited researches, develops and markets cochlear implant systems for
hearing impaired individuals. The Company's hearing implant systems include
Nucleus and Baha and are sold both domestically and internationally.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 82.87
52-Week Low (12.03.2012) 56.37
Daily Volume
70.73
52-Week High % Change -14.65% Dividend Yield 3.53
52-Week Low % Change 25.47% Beta 0.89
% 52 Week Price Range High/Low 48.64% Equity Float 51.86
Shares Out 25.02.2013 57.0 Short Int -
4'034.18 1 Yr Total Return 22.06%
Total Debt 65.67 YTD Return -8.96%
Preferred Stock 0.0 Adjusted BETA 0.885
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 68.49 Consensus Rating 1.533
Enterprise Value 4'106.70
Average Volume 5 Day 315'211
COH AT EQUITY YTD Change - Average Volume 30 Day 320'978
COH AT EQUITY YTD % CHANGE - Average Volume 3 Month 229'117
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
580.4 711.8 696.2 732.2 704.6 - - 765.2 839.6 - -
4.41x 4.68x 6.19x 5.55x 5.31x - - 5.34x 4.86x - -
160.8 214.0 196.0 184.0 55.1 - - 237.9 256.7 - -
15.90x 15.58x 21.98x 22.11x 67.88x - - 17.26x 16.00x - -
115.2 130.5 155.2 180.1 56.8 - - 155.2 165.8 - -
20.98x 24.69x 26.96x 22.63x 65.84x - - 25.86x 24.36x - -
EBITDA 55.11 Long-Term Rating Date -
EBIT 31.01 Long-Term Rating -
Operating Margin 4.40% Long-Term Outlook -
Pretax Margin 10.24% Short-Term Rating Date -
Return on Assets 21.51% Short-Term Rating -
Return on Common Equity 39.39%
Return on Capital 31.54% EBITDA/Interest Exp. 8.96
Asset Turnover 1.00% (EBITDA-Capex)/Interest Exp. 5.57
Net Debt/EBITDA -
Gross Margin 51.4% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 21.4% Total Debt/Equity 17.1%
Net Income Margin 8.1% Total Debt/Capital 14.6%
Asset Turnover 1.00
Current Ratio 1.43 Net Fixed Asset Turnover 12.16
Quick Ratio 0.81 Accounts receivable turnover-days 98.95
Debt to Assets 9.35% Inventory Days 183.37
Tot Debt to Common Equity 17.06% Accounts Payable Turnover Day 125.00
Accounts Receivable Turnover 3.70 Cash Conversion Cycle 91.12
Inventory Turnover 2.00
Fiscal Year Ended
Cochlear LtdPrice/Volume
Valuation Analysis
393'183.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-.-/-0-1-2-3-4-5-6-
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100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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0-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BAILLIE GIFFORD AND n/a EXCH 6'652'068 11.66 610'900 18.11.2012 Investment Advisor
WILSON HTM INVESTMEN n/a Co File 4'344'149 7.62 - 31.07.2012 Investment Advisor
HYPERION ASSET MANAG n/a EXCH 4'235'536 7.43 649'658 16.04.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 3'364'910 5.9 (260'000) 31.12.2012 Investment Advisor
HARDING LOEVNER LP n/a EXCH 2'964'964 5.2 551'527 10.12.2012 Investment Advisor
CAPITAL (INSTITUTION n/a EXCH 2'795'813 4.9 (431'199) 08.02.2013 Other
COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 2'192'948 3.84 25'012 31.10.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'894'681 3.32 759'093 31.12.2012 Investment Advisor
ROBERTS CHRISTOPHER n/a EXCH 715'803 1.25 - 18.02.2013 n/a
BLACKROCK n/a ULT-AGG 605'859 1.06 993 25.02.2013 Investment Advisor
WILLIAM BLAIR & COMP WILLIAM BLAIR & COMP 13F 573'279 1.01 (4'755) 31.12.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 551'155 0.97 - 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 303'132 0.53 - 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 302'619 0.53 9'852 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 188'108 0.33 - 31.07.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 163'733 0.29 - 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 159'399 0.28 (49'535) 31.12.2012 Investment Advisor
ABERDEEN n/a ULT-AGG 151'956 0.27 (6'294) 31.01.2013 Unclassified
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 130'399 0.23 42'885 28.09.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 128'000 0.22 - 31.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Wilson HTM Investment Group SHANE STOREY hold 3 M 70 Not Provided 21.02.2013
EVA Dimensions ANDREW S ZAMFOTIS underweight 1 U #N/A N/A Not Provided 13.02.2013
Credit Suisse SAUL HADASSIN underperform 1 M 72 Not Provided 11.02.2013
JPMorgan STEVEN D WHEEN underweight 1 M 62 9 month 06.02.2013
Macquarie CRAIG COLLIE underperform 1 D 64 12 month 06.02.2013
CIMB DEREK JELLINEK underperform 1 M 63 12 month 06.02.2013
Deutsche Bank DAVID A LOW sell 1 M 59 12 month 05.02.2013
Morgan Stanley SEAN LAAMAN Underwt/Cautious 1 M 62 12 month 05.02.2013
Commonwealth Bank BRUCE DU underweight 1 M 60 12 month 05.02.2013
Nomura DAVID STANTON neutral 3 M 72 Not Provided 05.02.2013
Bell Potter STUART ROBERTS sell 1 D 63 12 month 05.02.2013
Goldman Sachs IAN ABBOTT neutral/neutral 3 M 65 12 month 12.11.2012
Holdings By:
Cochlear Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Bendigo and Adelaide Bank Limited offers a variety of banking and other
financial services, including first mortgage housing finance, retail and
business banking, commercial finance, funds management, treasury and foreign
exchange services, superannuation and trustee services. Bendigo also offers
internet banking.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 10.64
52-Week Low (25.05.2012) 6.82
Daily Volume
9.92
52-Week High % Change -6.77% Dividend Yield 6.05
52-Week Low % Change 45.45% Beta 1.11
% 52 Week Price Range High/Low 78.80% Equity Float 403.53
Shares Out 05.02.2013 407.6 Short Int -
4'043.33 1 Yr Total Return 36.55%
Total Debt 7'264.60 YTD Return 20.26%
Preferred Stock 188.5 Adjusted BETA 1.111
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 561.00 Consensus Rating 2.889
Enterprise Value -
Average Volume 5 Day 1'869'554
BEN AT EQUITY YTD Change - Average Volume 30 Day 1'147'762
BEN AT EQUITY YTD % CHANGE - Average Volume 3 Month 914'354
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
2'939.2 3'446.3 3'014.4 3'683.4 3'715.5 - - 1'308.7 1'372.9 - -
- - - - - - - 2.70x 2.53x - -
- - - - - - - - - - -
- - - - - - - - - - -
198.3 83.8 242.6 342.1 195.0 - - 347.1 375.1 - -
12.46x 27.15x 12.14x 9.68x 15.25x - - 12.26x 11.59x - -
EBITDA - Long-Term Rating Date 06.12.2011
EBIT - Long-Term Rating A-
Operating Margin 42.34% Long-Term Outlook STABLE
Pretax Margin 26.62% Short-Term Rating Date 29.05.2002
Return on Assets 0.57% Short-Term Rating A-2
Return on Common Equity 7.93%
Return on Capital 2.81% EBITDA/Interest Exp. -
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 180.3%
Net Income Margin 15.9% Total Debt/Capital 63.3%
Asset Turnover 0.06
Current Ratio - Net Fixed Asset Turnover 43.10
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 12.69% Inventory Days -
Tot Debt to Common Equity 180.30% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Bendigo and Adelaide Bank LtdPrice/Volume
Valuation Analysis
1'081'503.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
./
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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.&- 9
.&2 9
/&- 9
/&2 9
0&- 9
0&2 9
1&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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.2&--
/-&--
/2&--
0-&--
02&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'128'570 1.75 188'091 31.12.2012 Investment Advisor
MILTON CORP LTD n/a Co File 5'709'708 1.4 - 15.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 4'663'216 1.14 2'986 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 3'708'014 0.91 - 15.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'338'682 0.57 152'630 30.09.2012 Mutual Fund Manager
QUEENSLAND INVESTMEN n/a Co File 2'280'564 0.56 - 15.08.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'404'516 0.34 (33'100) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'039'106 0.25 - 31.07.2012 Investment Advisor
STATE STREET n/a ULT-AGG 1'005'508 0.25 - 26.02.2013 Investment Advisor
CARLTON HOTEL LIMITE n/a Co File 753'455 0.18 - 15.08.2012 Other
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 711'400 0.17 301'300 30.09.2012 Investment Advisor
WELLS FARGO n/a ULT-AGG 708'687 0.17 5'711 31.12.2012 Unclassified
LEESVILLE EQUITY PTY n/a Co File 678'065 0.17 - 15.08.2012 Other
NAVIGATOR AUSTRALIA n/a Co File 636'612 0.16 - 15.08.2012 Corporation
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 616'912 0.15 13'124 28.12.2012 Mutual Fund Manager
BKI INVESTMENT COMPA n/a Co File 610'400 0.15 - 15.08.2012 Investment Advisor
RUSSELL INVESTMENT M Multiple Portfolios MF-AGG 574'648 0.14 - 26.02.2013 Investment Advisor
ALLIANZ ASSET MANAGE n/a ULT-AGG 541'598 0.13 (138'333) 31.01.2013 Investment Advisor
YARABIE ESTATES PTY n/a Co File 510'000 0.13 - 15.08.2012 Corporation
HIRST MICHAEL JOHN n/a EXCH 453'052 0.11 10'881 04.10.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura ANTHONY HOO neutral 3 M 10 Not Provided 27.02.2013
EVA Dimensions AUSTIN BURKETT buy 5 U #N/A N/A Not Provided 26.02.2013
Macquarie MICHAEL WIBLIN neutral 3 M 9 12 month 19.02.2013
Deutsche Bank ANDREW TRIGGS hold 3 M 10 12 month 18.02.2013
Morgan Stanley DAVID SHI Underwt/In-Line 1 M 9 12 month 18.02.2013
Goldman Sachs ELIZABETH ROGERS neutral/neutral 3 M 8 12 month 18.02.2013
Credit Suisse JAMES ELLIS neutral 3 M 11 Not Provided 18.02.2013
JPMorgan SCOTT MANNING neutral 3 M 8 3 month 18.02.2013
CIMB JOHN BUONACCORSI underperform 1 M 9 12 month 18.02.2013
BBY Limited BRETT LE MESURIER buy 5 U 11 12 month 18.02.2013
Commonwealth Bank JEFF CAI neutral 3 M 10 12 month 18.02.2013
Bell Potter T S LIM hold 3 M 10 12 month 18.02.2013
Evans & Partners Pty Ltd GEORGE GABRIEL neutral 3 N #N/A N/A Not Provided 23.08.2012
Holdings By:
Bendigo and Adelaide Bank Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
ALS Limited is a commercial services company with national and
international operations. The Company's services include analytical and testing
services, producing industrial and commercial chemical products, and
hospitality, cleaning, and catering products.
Latest Fiscal Year: 03/2012
LTM as of: 01/yy
52-Week High (02.05.2012) 13.98
52-Week Low (05.09.2012) 7.23
Daily Volume
11.51
52-Week High % Change -17.69% Dividend Yield 4.08
52-Week Low % Change 59.20% Beta 1.09
% 52 Week Price Range High/Low 61.89% Equity Float 319.98
Shares Out 31.12.2012 343.6 Short Int -
3'954.34 1 Yr Total Return 2.74%
Total Debt 504.00 YTD Return 6.57%
Preferred Stock 0.0 Adjusted BETA 1.088
Minority Interest 5.6 Analyst Recs 16
Cash and Equivalents 133.35 Consensus Rating 2.875
Enterprise Value 4'394.24
Average Volume 5 Day 986'266
ALQ AT EQUITY YTD Change - Average Volume 30 Day 894'422
ALQ AT EQUITY YTD % CHANGE - Average Volume 3 Month 981'603
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 01/yy 01/yy 03/13 Y 03/14 Y - -
761.0 920.4 825.5 1'108.3 1'405.6 - - 1'543.6 1'573.6 - -
1.97x 1.01x 2.43x 2.92x 3.50x - - 2.81x 2.73x - -
144.2 198.8 158.9 228.2 367.6 - - 418.9 411.1 - -
10.37x 4.69x 12.64x 14.21x 13.37x - - 10.49x 10.69x - -
76.8 106.2 75.3 132.4 222.4 - - 244.3 234.3 - -
16.91x 6.74x 22.90x 22.81x 20.40x - - 16.05x 16.88x - -
EBITDA 367.56 Long-Term Rating Date -
EBIT 321.36 Long-Term Rating -
Operating Margin 22.86% Long-Term Outlook -
Pretax Margin 22.19% Short-Term Rating Date -
Return on Assets 15.85% Short-Term Rating -
Return on Common Equity 27.42%
Return on Capital 19.24% EBITDA/Interest Exp. 21.11
Asset Turnover 0.94% (EBITDA-Capex)/Interest Exp. 16.35
Net Debt/EBITDA 1.05
Gross Margin 86.4% Total Debt/EBITDA 1.29
EBITDA Margin 27.4%
EBIT Margin 24.0% Total Debt/Equity 54.5%
Net Income Margin 15.8% Total Debt/Capital 35.1%
Asset Turnover 0.94
Current Ratio 2.58 Net Fixed Asset Turnover 4.34
Quick Ratio 1.94 Accounts receivable turnover-days 70.22
Debt to Assets 30.81% Inventory Days -
Tot Debt to Common Equity 54.51% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.21 Cash Conversion Cycle 134.98
Inventory Turnover -
Fiscal Year Ended
ALS Ltd/QueenslandPrice/Volume
Valuation Analysis
884'276.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
./
.1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.&- 9/&- 90&- 91&- 92&- 93&- 94&- 95&- 96&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
02&--
1-&--
-0&-1&/--6 -0&.-&/--6 -0&-1&/-.- -0&.-&/-.- -0&-1&/-.. -0&.-&/-.. -0&-1&/-./ -0&.-&/-./
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BENNELONG FUNDS MANA n/a EXCH 21'231'407 6.18 3'684'315 23.11.2012 Investment Advisor
MILTON CORPORATION L #N/A N/A Co File 10'840'825 3.16 - 18.05.2012 Unclassified
FAIRCASE PTY LTD n/a Co File 6'458'705 1.88 - 18.05.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'861'530 1.71 93'578 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 4'220'120 1.23 - 18.05.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 3'584'020 1.04 900 25.02.2013 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 3'581'975 1.04 - 18.05.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'516'026 0.73 776'816 30.09.2012 Mutual Fund Manager
GARDENGLEN PTY LTD n/a Co File 2'007'675 0.58 - 18.05.2012 n/a
FMR LLC n/a ULT-AGG 1'977'127 0.58 694'189 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 1'684'070 0.49 - 18.05.2012 Investment Advisor
MCGRATH GEOFFREY JAM n/a Co File 1'489'050 0.43 - 01.08.2012 n/a
MIRRABOOKA INVESTMEN n/a Co File 1'362'655 0.4 - 18.05.2012 Investment Advisor
KILMISTER GREGORY FR n/a EXCH 871'510 0.25 - 24.10.2012 n/a
ODIN FORVALTNING AS Multiple Portfolios MF-AGG 778'341 0.23 - 31.01.2013 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 726'475 0.21 264'100 31.08.2011 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 520'649 0.15 11'261 28.12.2012 Mutual Fund Manager
DWS FINANZ SERVICE G Multiple Portfolios MF-AGG 466'000 0.14 - 12.12.2011 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 398'375 0.12 211'125 31.10.2012 Investment Advisor
WASATCH ADVISORS INC Multiple Portfolios MF-AGG 389'714 0.11 (248'306) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie RIKKI BANNAN neutral 3 U 12 12 month 08.02.2013
Moelis & Company TODD W GUYOT hold 3 M 11 12 month 07.02.2013
JPMorgan ANTHONY PASSE-DE SILVA underweight 1 M 8 9 month 24.01.2013
Nomura PAUL GRAHAM buy 5 U 13 Not Provided 23.01.2013
Goldman Sachs NATHAN REILLY sell/attractive 1 M 9 12 month 18.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Deutsche Bank CRAIG WONGPAN hold 3 M 9 12 month 15.01.2013
BBY Limited SWAPAN PANDYA underperform 1 M 9 12 month 04.12.2012
RBS Morgans ROGER LEANING outperform 5 M 13 12 month 03.12.2012
Morgan Stanley DAVID EVANS Overwt/In-Line 5 M 11 12 month 25.11.2012
Credit Suisse BRADLEY CLIBBORN underperform 1 M 9 Not Provided 23.11.2012
Commonwealth Bank BEN BROWNETTE neutral 3 M 10 12 month 12.11.2012
Holdings By:
ALS Ltd/Queensland ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Leighton Holdings Limited offers a variety of project development and contract-
ing services to public and private sector clients in the Asia-Pacific region.
Leighton provides design management, civil engineering construction, building,
mining, process engineering, telecommunications, waste management and infra-
structure operation and maintenance and property development and management.
Latest Fiscal Year: 12/2012
LTM as of: 09/yy
52-Week High (28.02.2012) 26.65
52-Week Low (11.09.2012) 14.71
Daily Volume
23.4
52-Week High % Change -12.20% Dividend Yield 3.42
52-Week Low % Change 59.08% Beta 1.32
% 52 Week Price Range High/Low 71.94% Equity Float 173.19
Shares Out 31.12.2012 337.2 Short Int -
7'889.64 1 Yr Total Return -7.30%
Total Debt 2'760.50 YTD Return 30.87%
Preferred Stock 0.0 Adjusted BETA 1.325
Minority Interest 72.4 Analyst Recs 14
Cash and Equivalents 1'847.00 Consensus Rating 2.857
Enterprise Value 8'875.54
Average Volume 5 Day 1'230'584
LEI AT EQUITY YTD Change - Average Volume 30 Day 1'061'371
LEI AT EQUITY YTD % CHANGE - Average Volume 3 Month 891'605
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 31.12.2012 09/yy 09/yy 12/13 Y 12/14 Y 06/12 Q2 09/12 Q3
10'269.1 13'235.5 14'541.8 15'531.5 18'893.9 0.0 3'118.1 22'555.6 22'912.3 - -
1.49x 0.58x 0.62x 0.48x 0.37x #DIV/0! 0.00x 0.38x 0.37x - -
773.3 1'145.0 1'659.2 989.7 2'150.3 0.0 0.0 2'011.7 2'087.3 - -
19.80x 6.65x 5.43x 7.59x 3.26x 0.00x 0.00x 4.41x 4.25x - -
607.9 440.0 612.0 (408.8) 450.1 0.0 98.0 596.2 645.3 - -
23.26x 15.72x 14.15x - 13.39x 0.00x 0.00x 13.28x 12.24x - -
EBITDA 2'150.30 Long-Term Rating Date 18.10.2011
EBIT 1'093.80 Long-Term Rating BBB-
Operating Margin 5.79% Long-Term Outlook STABLE
Pretax Margin 2.98% Short-Term Rating Date 18.10.2011
Return on Assets 4.27% Short-Term Rating A-3
Return on Common Equity 16.28%
Return on Capital 11.47% EBITDA/Interest Exp. 13.37
Asset Turnover 1.80% (EBITDA-Capex)/Interest Exp. 6.44
Net Debt/EBITDA 0.49
Gross Margin - Total Debt/EBITDA 1.48
EBITDA Margin 9.8%
EBIT Margin 4.3% Total Debt/Equity 97.0%
Net Income Margin 2.4% Total Debt/Capital 48.6%
Asset Turnover 1.80
Current Ratio 1.13 Net Fixed Asset Turnover 8.27
Quick Ratio 0.91 Accounts receivable turnover-days 56.99
Debt to Assets 24.63% Inventory Days -
Tot Debt to Common Equity 97.05% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.42 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Leighton Holdings LtdPrice/Volume
Valuation Analysis
673'789.00
Current Price (2/dd/yy) Market Data
-
2
.-
.2
/-
/2
0-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
18'000.0
20'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HOCHTIEF AG n/a Co File 163'844'626 48.59 - 13.02.2012 Corporation
CAPITAL GROUP COMPAN n/a ULT-AGG 3'697'000 1.1 3'697'000 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'797'620 0.83 59'097 31.12.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 2'700'170 0.8 - 30.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'561'224 0.46 1'451 25.02.2013 Investment Advisor
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 1'035'285 0.31 (62'286) 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 971'680 0.29 (179'586) 26.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 882'063 0.26 33'500 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 583'572 0.17 - 30.06.2011 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 350'329 0.1 98'241 31.08.2011 Investment Advisor
DEXIA ASSET MANAGEME Multiple Portfolios MF-AGG 277'318 0.08 - 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 232'423 0.07 2'121 28.12.2012 Mutual Fund Manager
BABSON CAPITAL MANAG Multiple Portfolios MF-AGG 154'660 0.05 17'300 30.11.2012 Investment Advisor
PIONEER ASSET MANAGE Multiple Portfolios MF-AGG 154'502 0.05 (2'847) 30.11.2012 Mutual Fund Manager
MAPS INVESTMENT MANA Multiple Portfolios MF-AGG 145'303 0.04 - 28.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 142'891 0.04 - 31.12.2012 Investment Advisor
RUSSELL INVESTMENT M Multiple Portfolios MF-AGG 121'220 0.04 - 26.02.2013 Investment Advisor
SJUNDE AP FONDEN Multiple Portfolios MF-AGG 106'903 0.03 8'588 31.12.2012 Investment Advisor
SANLAM ASSET MANAGEM Multiple Portfolios MF-AGG 103'372 0.03 - 31.12.2012 Investment Advisor
LEGG MASON ASSET MAN Multiple Portfolios MF-AGG 75'664 0.02 - 08.11.2011 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie JOHN PURTELL restricted #N/A N/A M #N/A N/A Not Provided 21.02.2013
Deutsche Bank CRAIG WONGPAN hold 3 M 21 12 month 20.02.2013
Credit Suisse BRADLEY CLIBBORN underperform 1 M 20 Not Provided 20.02.2013
JPMorgan ANTHONY PASSE-DE SILVA neutral 3 M 22 9 month 20.02.2013
CIMB ANDREW HODGE underperform 1 M 20 12 month 20.02.2013
Nomura SIMON THACKRAY neutral 3 M 22 Not Provided 20.02.2013
Commonwealth Bank BEN BROWNETTE overweight 5 M 27 12 month 14.02.2013
Morgan Stanley NICHOLAS ROBISON Underwt/In-Line 1 M 18 12 month 13.02.2013
Goldman Sachs NATHAN REILLY buy/attractive 5 U 26 12 month 13.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Moelis & Company SIMON FITZGERALD hold 3 U 19 12 month 16.08.2012
Holdings By:
Leighton Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Boral Limited is a manufacturer and supplier of building and construction
materials in Australia and internationally. Boral supplies building products to
the residential and commercial building markets, operates clay brick business in
the U.S. (for clay roof tiles and fly ash) along with the production of
plasterboard, timber products and concrete products.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (17.01.2013) 5.14
52-Week Low (28.06.2012) 2.93
Daily Volume
4.92
52-Week High % Change -4.28% Dividend Yield 1.73
52-Week Low % Change 67.92% Beta 1.23
% 52 Week Price Range High/Low 81.00% Equity Float 722.41
Shares Out 14.02.2013 766.4 Short Int -
3'770.55 1 Yr Total Return 16.20%
Total Debt 1'723.40 YTD Return 13.78%
Preferred Stock 0.0 Adjusted BETA 1.231
Minority Interest 74.3 Analyst Recs 15
Cash and Equivalents 205.70 Consensus Rating 3.200
Enterprise Value 5'303.35
Average Volume 5 Day 5'240'572
BLD AT EQUITY YTD Change - Average Volume 30 Day 5'657'546
BLD AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'779'055
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
5'178.6 4'858.9 4'493.8 4'345.7 4'716.2 - - 5'367.9 5'662.8 - -
0.93x 0.81x 0.91x 0.87x 0.81x - - 1.00x 0.93x - -
627.5 435.0 520.9 432.7 420.5 - - 559.8 717.1 - -
7.69x 9.03x 7.82x 8.70x 9.11x - - 9.47x 7.40x - -
233.3 142.0 (90.5) 167.7 176.6 - - 140.5 250.9 - -
13.88x 16.89x - 17.60x 10.46x - - 26.59x 15.14x - -
EBITDA 420.50 Long-Term Rating Date 07.11.2008
EBIT 147.10 Long-Term Rating BBB
Operating Margin 3.12% Long-Term Outlook NEG
Pretax Margin 3.84% Short-Term Rating Date 07.11.2012
Return on Assets -0.02% Short-Term Rating NR
Return on Common Equity -0.04%
Return on Capital - EBITDA/Interest Exp. 4.38
Asset Turnover 0.80% (EBITDA-Capex)/Interest Exp. 0.12
Net Debt/EBITDA 3.79
Gross Margin 27.4% Total Debt/EBITDA 4.27
EBITDA Margin 7.5%
EBIT Margin 1.8% Total Debt/Equity 51.8%
Net Income Margin 3.7% Total Debt/Capital 33.6%
Asset Turnover 0.80
Current Ratio 1.58 Net Fixed Asset Turnover 1.47
Quick Ratio 0.80 Accounts receivable turnover-days 56.61
Debt to Assets 26.52% Inventory Days 63.97
Tot Debt to Common Equity 51.77% Accounts Payable Turnover Day 66.60
Accounts Receivable Turnover 6.47 Cash Conversion Cycle 48.06
Inventory Turnover 5.72
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Boral LtdPrice/Volume
Valuation Analysis
5'541'752.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 80'882'701 10.55 (7'631'354) 21.12.2012 Bank
FRANKLIN RESOURCES n/a ULT-AGG 49'647'610 6.48 (7'552'358) 13.02.2012 Investment Advisor
AUSBIL DEXIA LIMITED n/a Co File 44'499'371 5.81 - 26.08.2011 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 40'943'587 5.34 - 31.12.2012 Investment Advisor
PERPETUAL LTD n/a EXCH 39'575'720 5.16 - 27.06.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 37'114'645 4.84 (5'271'895) 26.11.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'688'160 1.79 134'917 31.12.2012 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 12'696'062 1.66 (32'184'101) 18.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 7'923'067 1.03 1'384 25.02.2013 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 4'628'821 0.6 - 24.08.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 4'008'492 0.52 - 24.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'005'309 0.52 157'708 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD n/a Co File 3'266'907 0.43 - 24.08.2012 Investment Advisor
AMP LIFE LTD n/a Co File 2'946'232 0.38 - 24.08.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'112'457 0.28 - 31.07.2012 Investment Advisor
MILTON CORP LTD n/a Co File 1'627'462 0.21 - 24.08.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 1'417'662 0.18 - 31.12.2012 Investment Advisor
SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 1'417'662 0.18 (85'207) 30.11.2012 Investment Advisor
F&C FUND MANAGEMENT Multiple Portfolios MF-AGG 1'215'548 0.16 189'145 31.12.2012 Mutual Fund Manager
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 1'153'000 0.15 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura SIMON THACKRAY neutral 3 M 5 Not Provided 20.02.2013
Macquarie LIAM FARLOW neutral 3 M 5 12 month 18.02.2013
Deutsche Bank EMILY BEHNCKE buy 5 M 6 12 month 13.02.2013
Morgan Stanley PHILIP BARE Equalwt/Cautious 3 M 5 12 month 13.02.2013
Goldman Sachs MATTHEW MCNEE neutral/neutral 3 M 5 12 month 13.02.2013
Credit Suisse ANDREW PEROS outperform 5 M 5 Not Provided 13.02.2013
JPMorgan JASON HARLEY STEED underweight 1 M 4 9 month 13.02.2013
CIMB ANDREW G SCOTT underperform 1 M 4 12 month 13.02.2013
Commonwealth Bank MICHAEL WARD overweight 5 M 5 12 month 13.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd TONY WILSON negative 2 N #N/A N/A Not Provided 19.07.2012
Holdings By:
Boral Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Qantas Airways Limited provides transportation of passengers through two
airlines including Qantas (full service carrier) and Jetstar (low cost carrier),
operating international, domestic and regional services. The Company also
includes Qantas Frequent Flyer and Qantas Freight which generates diverse
revenue streams and adds value for customers and investors.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.03.2012) 1.83
52-Week Low (08.06.2012) 0.96
Daily Volume
1.57
52-Week High % Change -13.97% Dividend Yield 0.00
52-Week Low % Change 63.54% Beta 1.11
% 52 Week Price Range High/Low 75.14% Equity Float 2'214.13
Shares Out 18.02.2013 2'248.2 Short Int -
3'529.60 1 Yr Total Return -6.82%
Total Debt 6'549.00 YTD Return 5.37%
Preferred Stock 0.0 Adjusted BETA 1.115
Minority Interest 4.0 Analyst Recs 12
Cash and Equivalents 3'398.00 Consensus Rating 4.000
Enterprise Value 6'668.60
Average Volume 5 Day 9'704'955
QAN AT EQUITY YTD Change - Average Volume 30 Day 6'928'158
QAN AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'999'749
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
13'668.0 12'368.0 11'759.0 12'884.0 13'278.0 - - 16'146.2 16'748.4 - -
0.54x 0.52x 0.60x 0.52x 0.42x - - 0.40x 0.36x - -
2'724.0 1'415.0 1'547.0 2'090.0 1'775.0 - - 1'886.1 2'178.9 - -
2.69x 4.58x 4.55x 3.19x 3.14x - - 3.54x 3.06x - -
969.0 117.0 112.0 250.0 (245.0) - - 174.1 362.8 - -
6.20x 35.89x 44.90x 16.73x - - - 20.13x 9.57x - -
EBITDA 1'775.00 Long-Term Rating Date 07.09.2012
EBIT 391.00 Long-Term Rating BBB-
Operating Margin 2.94% Long-Term Outlook STABLE
Pretax Margin -2.63% Short-Term Rating Date 07.09.2012
Return on Assets -0.84% Short-Term Rating A-3
Return on Common Equity -2.89%
Return on Capital - EBITDA/Interest Exp. 4.29
Asset Turnover 0.66% (EBITDA-Capex)/Interest Exp. -0.86
Net Debt/EBITDA 1.64
Gross Margin - Total Debt/EBITDA 3.24
EBITDA Margin 13.8%
EBIT Margin 3.5% Total Debt/Equity 111.3%
Net Income Margin -1.8% Total Debt/Capital 52.7%
Asset Turnover 0.66
Current Ratio 0.77 Net Fixed Asset Turnover 0.97
Quick Ratio 0.59 Accounts receivable turnover-days 30.07
Debt to Assets 30.92% Inventory Days -
Tot Debt to Common Equity 111.28% Accounts Payable Turnover Day -
Accounts Receivable Turnover 12.17 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Qantas Airways LtdPrice/Volume
Valuation Analysis
8'423'564.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
---.....///
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.-&- 9/-&- 90-&- 91-&- 92-&- 93-&- 94-&- 95-&- 96-&- 9.--&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
/&--
0&--
1&--
2&--
3&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG 259'184'530 11.53 - 31.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a Co File 225'886'843 10.05 - 27.08.2012 Bank
FRANKLIN RESOURCES n/a ULT-AGG 225'485'471 10.03 (22'762'487) 07.12.2012 Investment Advisor
UBS n/a ULT-AGG 115'698'286 5.15 (25'056'082) 31.10.2012 Unclassified
BT INVESTMENT MANAGE n/a EXCH 113'798'857 5.06 - 08.11.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 94'670'406 4.21 (20'102'520) 26.11.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 20'501'486 0.91 1'535'036 31.12.2012 Investment Advisor
DYNAMIC SUPPLIES INV n/a Co File 15'000'000 0.67 - 27.08.2012 n/a
ALLIANCE BERNSTEIN n/a ULT-AGG 14'533'276 0.65 28'000 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 13'554'503 0.6 - 27.08.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 13'321'023 0.59 516'475 31.08.2011 Investment Advisor
PACIFICA GROUP PLANS n/a Co File 13'070'334 0.58 - 27.08.2012 n/a
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 12'520'364 0.56 - 28.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 12'204'103 0.54 506'654 30.09.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 11'790'857 0.52 10'939 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 11'512'031 0.51 - 27.08.2012 Investment Advisor
GCIC LTD/CANADA Multiple Portfolios MF-AGG 9'872'109 0.44 (3'266'899) 30.06.2012 Investment Advisor
THE SENIOR MASTER OF n/a Co File 8'568'754 0.38 - 27.08.2012 Other
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 7'718'082 0.34 235'708 31.12.2012 Investment Advisor
JOYCE ALAN JOSEPH n/a Co File 5'334'000 0.24 2'802'812 08.11.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DAVID FRASER buy 5 M 2 Not Provided 26.02.2013
JPMorgan SCOTT CARROLL neutral 3 M 2 9 month 22.02.2013
Macquarie RUSSELL SHAW neutral 3 M 2 12 month 22.02.2013
Deutsche Bank CAMERON MCDONALD hold 3 D 2 12 month 21.02.2013
Morgan Stanley SCOTT KELLY Overwt/In-Line 5 M 2 12 month 21.02.2013
Goldman Sachs ANDREW GIBSON neutral/neutral 3 M 2 12 month 21.02.2013
Credit Suisse NICHOLAS MARKIEWICZ outperform 5 M 2 Not Provided 21.02.2013
CIMB MARK WILLIAMS outperform 5 M 2 12 month 21.02.2013
Commonwealth Bank MATT CROWE overweight 5 M 2 12 month 21.02.2013
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 29.01.2013
Holdings By:
Qantas Airways Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Federation Centres is a retail property investment and services
organization involved in the ownership, management, and development of retail
properties. The company operates shopping centers across Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (15.02.2013) 2.48
52-Week Low (17.04.2012) 1.79
Daily Volume
2.44
52-Week High % Change -1.61% Dividend Yield -
52-Week Low % Change 36.31% Beta 0.66
% 52 Week Price Range High/Low 85.51% Equity Float 1'259.93
Shares Out 26.02.2013 1'427.6 Short Int -
3'483.44 1 Yr Total Return 39.50%
Total Debt 1'378.77 YTD Return 7.49%
Preferred Stock 0.0 Adjusted BETA 0.659
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 200.48 Consensus Rating 3.462
Enterprise Value 5'205.16
Average Volume 5 Day 4'536'899
FDC AT EQUITY YTD Change - Average Volume 30 Day 3'855'937
FDC AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'441'884
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
92.0 111.1 23.1 21.7 - - - 389.4 394.4 - -
27.00x 17.26x 78.76x 61.40x - - - 12.58x 12.31x - -
21.8 35.4 (1.6) (16.9) - - - 313.9 315.5 - -
114.11x 54.22x - - - - - 16.58x 16.50x - -
(867.7) (2'678.3) 113.3 356.7 - - - 221.7 236.9 - -
- - 3.01x 3.02x - - - 15.44x 14.88x - -
EBITDA - Long-Term Rating Date 21.02.2013
EBIT - Long-Term Rating BBB+
Operating Margin - Long-Term Outlook STABLE
Pretax Margin - Short-Term Rating Date -
Return on Assets - Short-Term Rating -
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover - (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 41.2%
Net Income Margin - Total Debt/Capital 29.2%
Asset Turnover -
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 27.05% Inventory Days -
Tot Debt to Common Equity 41.19% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Federation CentresPrice/Volume
Valuation Analysis
6'720'639.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
2-&- 9
.--&- 9
.2-&- 9
/--&- 9
/2-&- 9
0--&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
4-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 113'761'884 7.97 14'376'198 25.02.2013 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 91'439'924 6.4 14'909'372 26.07.2012 Bank
AMP LTD n/a EXCH 87'203'714 6.11 18'788'771 22.11.2012 Insurance Company
VANGUARD GROUP INC n/a Co File 86'311'928 6.05 - 28.08.2012 Investment Advisor
CBRE CLARION SECURIT n/a Co File 84'692'142 5.93 - 28.08.2012 Investment Advisor
ANGELO GORDON & COMP n/a EXCH 83'588'914 5.86 (17'797'006) 31.10.2012 Hedge Fund Manager
VARDE INV PARTNERS L n/a EXCH 79'207'910 5.55 - 03.01.2012 Investment Advisor
UBS n/a ULT-AGG 72'601'233 5.09 122'982 08.01.2013 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 69'874'120 4.89 (35'112'311) 01.02.2013 Bank
CENTRO DIRECT PROP F n/a EXCH 66'673'139 4.67 (2'000'000) 08.03.2012 n/a
BURLINGTON LOAN MGMT n/a EXCH 65'282'118 4.57 (3'603'335) 13.04.2012 Investment Advisor
TACONIC CAPITAL ADVI n/a Research 62'638'045 4.39 - 05.03.2012 Hedge Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 59'230'092 4.15 5'120'778 30.09.2012 Mutual Fund Manager
PALOMINO FUND LTD n/a EXCH 26'096'046 1.83 (10'557'928) 15.05.2012 n/a
AMP LIFE LTD n/a Co File 24'610'358 1.72 - 28.08.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 20'487'378 1.44 (3'484'992) 31.12.2012 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 13'830'994 0.97 8'169 31.12.2012 Investment Advisor
PRINCIPAL FINANCIAL n/a ULT-AGG 13'283'909 0.93 1'313'337 31.01.2013 Investment Advisor
APPALOOSA MANAGEMENT n/a EXCH 12'746'167 0.89 (6'407'657) 22.05.2012 Hedge Fund Manager
THOR0UGHBRED FUND LP n/a EXCH 12'354'689 0.87 (9'267'623) 15.05.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank JASON WEATE hold 3 M 2 12 month 25.02.2013
Morgan Stanley LOURENS PIRENC Overwt/In-Line 5 M 2 12 month 22.02.2013
Goldman Sachs PETER ZUK neutral/neutral 3 M 2 12 month 22.02.2013
JPMorgan RICHARD JONES underweight 1 M 2 9 month 22.02.2013
Macquarie PAUL CHECCHIN neutral 3 M 2 12 month 22.02.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 17.01.2013
Credit Suisse STEPHEN RICH underperform 1 M 2 Not Provided 25.11.2012
Moelis & Company SIMON SCOTT buy 5 M 2 12 month 06.09.2012
Holdings By:
Federation Centres ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Metcash Limited is a marketing and distribution company operating in the food
and other consumer goods sectors. The Company operates distribution centers
serving grocery products for independent retail grocery stores, liquor
distribution centers and cash and carry warehouses which serve retailers and
businesses in the grocery, liquor, food services and convenience stores.
Latest Fiscal Year: 04/2012
LTM as of: 01/yy
52-Week High (29.03.2012) 4.32
52-Week Low (06.07.2012) 3.12
Daily Volume
4.03
52-Week High % Change -6.71% Dividend Yield 6.95
52-Week Low % Change 29.17% Beta 0.69
% 52 Week Price Range High/Low 76.67% Equity Float 787.87
Shares Out 31.10.2012 880.7 Short Int -
3'549.24 1 Yr Total Return 4.86%
Total Debt 991.80 YTD Return 21.39%
Preferred Stock 0.0 Adjusted BETA 0.694
Minority Interest 74.0 Analyst Recs 14
Cash and Equivalents 51.50 Consensus Rating 2.929
Enterprise Value 4'282.84
Average Volume 5 Day 4'976'030
MTS AT EQUITY YTD Change - Average Volume 30 Day 4'900'790
MTS AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'252'608
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.04.2008 30.04.2009 30.04.2010 30.04.2011 30.04.2012 01/yy 01/yy 04/13 Y 04/14 Y - -
10'199.1 11'067.5 11'517.4 12'364.0 12'255.1 - - 12'993.0 13'551.1 - -
0.36x 0.33x 0.32x 0.31x 0.33x - - 0.34x 0.32x - -
385.4 430.1 374.4 398.4 397.1 - - 506.4 535.1 - -
9.51x 8.56x 9.92x 9.72x 10.25x - - 8.46x 8.00x - -
197.5 202.5 227.6 241.4 90.0 - - 271.6 286.4 - -
16.32x 15.72x 13.65x 12.91x 26.02x - - 12.83x 12.44x - -
EBITDA 397.10 Long-Term Rating Date -
EBIT 342.70 Long-Term Rating -
Operating Margin 2.80% Long-Term Outlook -
Pretax Margin 1.61% Short-Term Rating Date -
Return on Assets 1.82% Short-Term Rating -
Return on Common Equity 5.27%
Return on Capital 5.33% EBITDA/Interest Exp. 5.16
Asset Turnover 2.94% (EBITDA-Capex)/Interest Exp. 4.18
Net Debt/EBITDA 1.81
Gross Margin 9.5% Total Debt/EBITDA 1.92
EBITDA Margin 3.2%
EBIT Margin 2.7% Total Debt/Equity 78.6%
Net Income Margin 0.7% Total Debt/Capital 42.6%
Asset Turnover 2.94
Current Ratio 1.28 Net Fixed Asset Turnover 51.39
Quick Ratio 0.57 Accounts receivable turnover-days 27.01
Debt to Assets 24.56% Inventory Days 27.85
Tot Debt to Common Equity 78.65% Accounts Payable Turnover Day 51.10
Accounts Receivable Turnover 13.55 Cash Conversion Cycle 16.11
Inventory Turnover 13.14
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Metcash LtdPrice/Volume
Valuation Analysis
5'014'334.00
Current Price (2/dd/yy) Market Data
-..//00112
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/-&- 9
/2&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 69'546'375 7.9 17'869 25.02.2013 Investment Advisor
DEUTSCHE BANK AG n/a EXCH 58'185'289 6.61 - 17.01.2013 Investment Advisor
UBS n/a ULT-AGG 56'737'197 6.44 9'688'873 31.01.2013 Unclassified
ALLAN GRAY AUSTRALIA n/a EXCH 44'111'321 5.01 - 05.12.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 43'331'531 4.92 (1'159'702) 13.02.2013 Bank
COMMONWEALTH BANK OF n/a EXCH 35'188'401 4 (3'228'649) 05.08.2011 Bank
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 25'417'446 2.89 - 28.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 15'641'935 1.78 372'973 31.12.2012 Investment Advisor
DWS INVESTMENT SA Multiple Portfolios MF-AGG 7'497'706 0.85 (9'497) 28.12.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 7'307'097 0.83 - 10.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'475'095 0.74 1'227'032 30.09.2012 Mutual Fund Manager
STATE STREET n/a ULT-AGG 6'233'864 0.71 - 26.02.2013 Investment Advisor
MILTON CORP LTD n/a Co File 4'784'560 0.54 - 10.07.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 3'600'000 0.41 - 10.07.2012 Investment Advisor
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 3'580'264 0.41 (2'051'712) 31.12.2012 Investment Advisor
TWEEDY BROWNE COMPAN Multiple Portfolios MF-AGG 3'053'000 0.35 806'000 31.03.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'440'672 0.28 (68'583) 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'950'032 0.22 46'782 31.12.2012 Investment Advisor
SUMITOMO MITSUI ASSE Multiple Portfolios MF-AGG 1'792'000 0.2 (15'000) 18.07.2012 Investment Advisor
SEI INVESTMENT MANAG Multiple Portfolios MF-AGG 1'518'739 0.17 328'193 31.01.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley THOMAS KIERATH Equalwt/In-Line 3 M 4 12 month 27.02.2013
Credit Suisse GRANT SALIGARI neutral 3 D 4 Not Provided 12.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 D #N/A N/A Not Provided 28.01.2013
Nomura DAVID COOKE reduce 2 M 3 Not Provided 24.01.2013
JPMorgan SHAUN COUSINS neutral 3 M 4 9 month 03.12.2012
Commonwealth Bank ANDREW MCLENNAN underweight 1 M 3 12 month 03.12.2012
Deutsche Bank MICHAEL SIMOTAS hold 3 M 3 12 month 30.11.2012
Goldman Sachs PHILLIP KIMBER neutral/neutral 3 M 3 12 month 30.11.2012
CIMB DANIEL BROEREN neutral 3 M 3 12 month 30.11.2012
Macquarie GREG DRING neutral 3 M 4 12 month 30.08.2012
Evans & Partners Pty Ltd TONY WILSON neutral 3 M #N/A N/A Not Provided 23.08.2010
Holdings By:
Metcash Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
ResMed Inc. develops, manufactures, and markets medical equipment for the
treatment of sleep disordered breathing. The Company sells diagnostic and
treatment devices in various countries through its subsidiaries and independent
distributors.
Latest Fiscal Year: 06/2012
LTM as of: 12/yy
52-Week High (29.01.2013) 4.65
52-Week Low (29.02.2012) 2.71
Daily Volume
4.24
52-Week High % Change -8.82% Dividend Yield -
52-Week Low % Change 56.46% Beta 0.44
% 52 Week Price Range High/Low 76.80% Equity Float -
Shares Out 23.01.2013 1'434.9 Short Int -
6'084.13 1 Yr Total Return 56.15%
Total Debt 250.84 YTD Return 8.03%
Preferred Stock - Adjusted BETA 0.437
Minority Interest - Analyst Recs 11
Cash and Equivalents 809.54 Consensus Rating 4.091
Enterprise Value -
Average Volume 5 Day 5'441'942
RMD AT EQUITY YTD Change - Average Volume 30 Day 6'953'662
RMD AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'609'084
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 12/yy 12/yy 06/13 Y 06/14 Y 03/13 Q3 06/13 Q4
835.4 920.7 1'092.4 1'243.1 1'368.5 1'302.7 1'437.3 1'508.9 1'678.2 384.3 403.5
3.03x 3.05x 3.88x 3.27x 2.83x 11.52x 12.68x 3.64x 3.17x - -
207.8 243.7 301.9 337.5 380.3 339.8 419.2 453.4 489.6 115.7 124.1
12.19x 11.53x 14.02x 12.03x 10.18x 9.35x 12.65x - - - -
110.3 146.4 190.1 227.0 254.9 225.2 290.7 318.6 349.4 79.7 83.3
- - - - - 0.00x 0.00x 19.54x 17.77x 3.88x 2.68x
EBITDA 380.26 Long-Term Rating Date 20.06.2006
EBIT 294.41 Long-Term Rating NR
Operating Margin 21.51% Long-Term Outlook -
Pretax Margin 24.26% Short-Term Rating Date -
Return on Assets 13.30% Short-Term Rating -
Return on Common Equity 17.55%
Return on Capital - EBITDA/Interest Exp. 79.45
Asset Turnover 0.66% (EBITDA-Capex)/Interest Exp. 69.60
Net Debt/EBITDA -1.57
Gross Margin 60.0% Total Debt/EBITDA 0.72
EBITDA Margin 29.2%
EBIT Margin 23.6% Total Debt/Equity 15.6%
Net Income Margin 18.6% Total Debt/Capital 13.5%
Asset Turnover 0.66
Current Ratio 5.38 Net Fixed Asset Turnover 3.26
Quick Ratio 4.32 Accounts receivable turnover-days 66.23
Debt to Assets 11.73% Inventory Days 124.16
Tot Debt to Common Equity 15.60% Accounts Payable Turnover Day 31.46
Accounts Receivable Turnover 5.53 Cash Conversion Cycle 161.19
Inventory Turnover 2.95
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
ResMed IncPrice/Volume
Valuation Analysis
5'077'147.00
Current Price (2/dd/yy) Market Data
-..//001122
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 92&- 9.-&- 9.2&- 9/-&- 9/2&- 90-&- 902&- 91-&- 912&- 92-&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
-&5-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 99'130'394 6.91 18'211'877 14.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 82'628'335 5.76 (14'431'697) 31.05.2012 Bank
JCP INVESTMENT PARTN n/a EXCH 76'592'404 5.34 (1'839'494) 22.12.2011 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 15'091'770 1.05 (1'897'670) 31.10.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 13'411'719 0.93 140'967 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'311'349 0.3 158'383 30.09.2012 Mutual Fund Manager
SKANDIA GLOBAL FUNDS Multiple Portfolios MF-AGG 2'441'814 0.17 (478'379) 31.12.2012 Mutual Fund Manager
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 2'396'132 0.17 - 31.12.2010 Mutual Fund Manager
INVESCO LTD INVESCO LTD 13F 1'472'430 0.1 1'344'288 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'030'200 0.07 102'457 26.03.2012 Investment Advisor
NIPPON LIFE INSURANC n/a ULT-AGG 756'414 0.05 - 20.09.2011 Insurance Company
QUINN MICHAEL ANTHON n/a Form 4 706'000 0.05 - 31.01.2013 n/a
PARVEST INVESTMENT M Multiple Portfolios MF-AGG 672'965 0.05 (50'000) 30.09.2012 Investment Advisor
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 600'000 0.04 - 31.12.2012 Investment Advisor
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 489'009 0.03 (30'900) 31.12.2012 Investment Advisor
SKANDIA INVESTMENT M Multiple Portfolios MF-AGG 398'502 0.03 - 31.12.2012 Mutual Fund Manager
LION GLOBAL INVESTOR Multiple Portfolios MF-AGG 300'330 0.02 - 31.12.2010 Mutual Fund Manager
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 128'821 0.01 (11'105) 31.12.2012 Investment Advisor
SANTANDER ASSET MANA Multiple Portfolios MF-AGG 117'385 0.01 (51'556) 31.12.2012 Investment Advisor
WILSON HTM INVESTMEN Multiple Portfolios MF-AGG 100'000 0.01 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse SAUL HADASSIN neutral 3 M 5 Not Provided 21.02.2013
Wilson HTM Investment Group SHANE STOREY hold 3 D 5 Not Provided 21.02.2013
Nomura DAVID STANTON buy 5 M 5 Not Provided 20.02.2013
Goldman Sachs IAN ABBOTT Buy/Neutral 5 M 5 12 month 01.02.2013
Macquarie CRAIG COLLIE neutral 3 M 4 12 month 01.02.2013
JPMorgan STEVEN D WHEEN overweight 5 M 5 9 month 31.01.2013
CIMB DEREK JELLINEK neutral 3 M 4 12 month 31.01.2013
Commonwealth Bank BRUCE DU overweight 5 M 5 12 month 31.01.2013
Bell Potter STUART ROBERTS buy 5 M 5 12 month 25.01.2013
Holdings By:
ResMed Inc ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Seek Limited operates an Internet website. The Company offers online employment
advertisements and online training in Australia and New Zealand, and offers
online employment advertisements in the United Kingdom targeted at Australian
and New Zealand job seekers.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 10.07
52-Week Low (25.07.2012) 5.87
Daily Volume
9.9
52-Week High % Change -1.69% Dividend Yield -
52-Week Low % Change 68.65% Beta 1.07
% 52 Week Price Range High/Low 96.90% Equity Float 286.29
Shares Out 31.12.2012 337.1 Short Int -
3'337.30 1 Yr Total Return 53.64%
Total Debt 400.92 YTD Return 41.43%
Preferred Stock 0.0 Adjusted BETA 1.068
Minority Interest 371.6 Analyst Recs 19
Cash and Equivalents 110.39 Consensus Rating 3.316
Enterprise Value 3'975.79
Average Volume 5 Day 3'384'541
SEK AT EQUITY YTD Change - Average Volume 30 Day 1'614'013
SEK AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'352'660
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
210.2 208.3 280.7 343.1 442.3 - - 593.5 748.3 - -
6.84x 7.06x 8.62x 7.63x 6.33x - - 6.64x 5.12x - -
109.4 89.7 116.6 135.7 192.6 - - 239.0 298.7 - -
13.15x 16.39x 20.76x 19.29x 14.53x - - 16.64x 13.31x - -
76.3 55.3 89.5 97.7 131.7 - - 141.8 172.2 - -
18.80x 22.18x 26.35x 22.21x 16.21x - - 23.63x 19.37x - -
EBITDA 192.63 Long-Term Rating Date -
EBIT 172.18 Long-Term Rating -
Operating Margin 38.93% Long-Term Outlook -
Pretax Margin 41.71% Short-Term Rating Date -
Return on Assets 11.82% Short-Term Rating -
Return on Common Equity 33.60%
Return on Capital 16.90% EBITDA/Interest Exp. 7.51
Asset Turnover 0.44% (EBITDA-Capex)/Interest Exp. 7.17
Net Debt/EBITDA -
Gross Margin 92.0% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 37.0% Total Debt/Equity 100.4%
Net Income Margin 29.8% Total Debt/Capital 34.2%
Asset Turnover 0.44
Current Ratio 0.72 Net Fixed Asset Turnover 24.26
Quick Ratio 0.72 Accounts receivable turnover-days 32.95
Debt to Assets 28.81% Inventory Days -
Tot Debt to Common Equity 100.35% Accounts Payable Turnover Day -
Accounts Receivable Turnover 11.11 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Seek LtdPrice/Volume
Valuation Analysis
2'253'568.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
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/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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0-&--
02&--
1-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
FMR LLC n/a ULT-AGG 50'937'564 15.11 4'511'254 30.06.2012 Investment Advisor
HYPERION ASSET MANAG n/a EXCH 35'107'346 10.41 (4'790'302) 11.02.2013 Investment Advisor
AUSTRALIANSUPER PTY n/a EXCH 18'033'317 5.35 - 21.12.2012 Investment Advisor
BASSAT ANDREW R n/a EXCH 12'750'113 3.78 (750'000) 22.02.2013 n/a
BASSAT PAUL M n/a Co File 9'752'837 2.89 (3'430'787) 04.10.2012 n/a
WATSON ROBERT n/a EXCH 4'238'648 1.26 - 29.11.2012 n/a
DALEFORD WAY PTY LTD n/a Co File 4'238'648 1.26 - 04.10.2012 n/a
WILLIAM BLAIR & COMP WILLIAM BLAIR & COMP 13F 3'367'543 1 (90'717) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'320'738 0.99 55'606 31.12.2012 Investment Advisor
BAILLIE GIFFORD AND Multiple Portfolios MF-AGG 2'968'500 0.88 - 30.11.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'565'042 0.76 (1'257'062) 31.08.2011 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 2'045'154 0.61 (198'857) 31.01.2013 Mutual Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'777'602 0.53 72'347 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 1'230'784 0.37 - 04.10.2012 Investment Advisor
ALLEN ROGER n/a Co File 1'145'820 0.34 - 04.10.2012 n/a
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 1'079'764 0.32 - 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 809'889 0.24 - 31.07.2012 Investment Advisor
NORDINVEST FUND MANA Multiple Portfolios MF-AGG 371'562 0.11 - 30.11.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 335'427 0.1 - 25.02.2013 Investment Advisor
HYPERION ASSET MANAG Multiple Portfolios MF-AGG 312'283 0.09 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley ANDREW MCLEOD Overwt/Cautious 5 M 10 12 month 26.02.2013
Credit Suisse SAMANTHA CARLETON underperform 1 M 8 Not Provided 22.02.2013
Macquarie ANDREW LEVY neutral 3 M 9 12 month 21.02.2013
Wilson HTM Investment Group IVOR RIES hold 3 D 10 Not Provided 21.02.2013
Moelis & Company TODD W GUYOT hold 3 M 10 12 month 21.02.2013
Octa Phillip Securities Ltd KEN WAGNER buy 5 M 11 Not Provided 21.02.2013
Goldman Sachs CHRISTIAN GUERRA Buy/Cautious 5 M 10 12 month 20.02.2013
JPMorgan JARROD MCDONALD underweight 1 M 8 9 month 20.02.2013
CIMB FRASER MCLEISH outperform 5 M 11 12 month 20.02.2013
BBY Limited MARK MCDONNELL buy 5 U 11 12 month 20.02.2013
Commonwealth Bank ALICE BENNETT overweight 5 U 10 12 month 20.02.2013
Nomura DANIEL BLAIR neutral 3 D 9 Not Provided 20.02.2013
Deutsche Bank VIKAS GOUR hold 3 D 8 12 month 14.02.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Evans & Partners Pty Ltd PETER STAMOULIS neutral 3 D #N/A N/A Not Provided 14.03.2012
Shaw Stockbroking SCOTT MARSHALL buy 5 M #N/A N/A Not Provided 29.08.2011
Holdings By:
Seek Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Treasury Wine Estates was founded in 2010 and is headquartered in Southbank,
Victoria, Australia. The Company's line of business includes vineyard
operations and international marketing and distribution of wine.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.10.2012) 5.60
52-Week Low (07.03.2012) 3.76
Daily Volume
4.9
52-Week High % Change -12.50% Dividend Yield 2.65
52-Week Low % Change 30.32% Beta 0.66
% 52 Week Price Range High/Low 59.24% Equity Float 642.05
Shares Out 31.12.2011 647.2 Short Int -
3'171.41 1 Yr Total Return 25.26%
Total Debt 64.20 YTD Return 4.48%
Preferred Stock 0.0 Adjusted BETA 0.662
Minority Interest 3.8 Analyst Recs 14
Cash and Equivalents 28.60 Consensus Rating 2.500
Enterprise Value 3'210.81
Average Volume 5 Day 2'920'439
TWE AT EQUITY YTD Change - Average Volume 30 Day 3'978'071
TWE AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'991'864
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'085.4 2'144.8 1'890.2 1'441.0 1'640.8 - - 1'676.0 1'810.9 - -
- - - 1.58x 1.74x - - 1.93x 1.79x - -
399.5 389.7 297.6 88.6 181.0 - - 291.2 342.5 - -
- - - 25.69x 15.77x - - 11.02x 9.38x - -
(424.2) (57.1) (1'080.1) 64.1 89.9 - - 139.4 172.9 - -
- - - 18.48x 31.30x - - 22.79x 18.22x - -
EBITDA 181.00 Long-Term Rating Date -
EBIT 113.30 Long-Term Rating -
Operating Margin 6.91% Long-Term Outlook -
Pretax Margin 8.56% Short-Term Rating Date -
Return on Assets 2.39% Short-Term Rating -
Return on Common Equity 3.10%
Return on Capital 3.19% EBITDA/Interest Exp. 18.85
Asset Turnover 0.44% (EBITDA-Capex)/Interest Exp. 11.58
Net Debt/EBITDA 0.20
Gross Margin 33.0% Total Debt/EBITDA 0.35
EBITDA Margin 11.0%
EBIT Margin 6.9% Total Debt/Equity 2.2%
Net Income Margin 5.5% Total Debt/Capital 2.1%
Asset Turnover 0.44
Current Ratio 2.22 Net Fixed Asset Turnover 1.48
Quick Ratio 0.77 Accounts receivable turnover-days 84.09
Debt to Assets 1.68% Inventory Days 246.22
Tot Debt to Common Equity 2.19% Accounts Payable Turnover Day 52.88
Accounts Receivable Turnover 4.35 Cash Conversion Cycle 277.43
Inventory Turnover 1.49
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Treasury Wine Estates LtdPrice/Volume
Valuation Analysis
5'690'327.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.-&- 9/-&- 90-&- 91-&- 92-&- 93-&- 94-&- 95-&- 96-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 47'370'879 7.32 (6'672'818) 05.12.2012 Bank
ELLERSTON CAPITAL LT n/a EXCH 39'480'854 6.1 - 01.10.2012 Corporation
CAPITAL GROUP COMPAN n/a ULT-AGG 36'645'208 5.66 (10'280'974) 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 34'268'884 5.29 607'117 21.11.2012 Investment Advisor
PERPETUAL LTD n/a EXCH 33'142'725 5.12 (7'399'134) 22.10.2012 Investment Advisor
IOOF HOLDINGS LTD n/a EXCH 32'230'455 4.98 (3'367'966) 17.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 11'506'355 1.78 2'958'222 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 9'925'572 1.53 - 17.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 6'398'951 0.99 242 25.02.2013 Investment Advisor
NEW JERSEY DIVISION Multiple Portfolios MF-AGG 4'006'871 0.62 3'006'871 30.06.2012 Pension Fund (ERISA)
AMERICAN CENTURY COM Multiple Portfolios MF-AGG 3'799'282 0.59 3'489'246 31.12.2012 Investment Advisor
NEUBERGER BERMAN LLC Multiple Portfolios MF-AGG 3'359'433 0.52 - 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'345'701 0.52 (27'475) 30.09.2012 Mutual Fund Manager
SCOTTISH WIDOWS n/a ULT-AGG 3'082'508 0.48 1'658'776 31.10.2012 Unclassified
INVESCO LTD Multiple Portfolios MF-AGG 2'489'740 0.38 (73'115) 26.02.2013 Investment Advisor
HARRIS ASSOCIATES LP Multiple Portfolios MF-AGG 2'371'300 0.37 (297'000) 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 2'302'191 0.36 - 17.08.2012 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 2'300'000 0.36 - 31.12.2012 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 2'175'501 0.34 - 17.08.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 2'099'927 0.32 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse LARRY GANDLER underperform 1 M 4 Not Provided 26.02.2013
JPMorgan STUART JACKSON underweight 1 M 4 9 month 25.02.2013
Nomura DAVID COOKE reduce 2 M 4 Not Provided 24.01.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 17.01.2013
Macquarie GREG DRING neutral 3 M 6 12 month 26.11.2012
Commonwealth Bank ANDREW MCLENNAN underweight 1 M 3 12 month 09.11.2012
CIMB ALEXANDER BEER neutral 3 N 5 12 month 07.11.2012
Morgan Stanley MARK A CHRISTENSEN Equalwt/In-Line 3 M 6 12 month 05.11.2012
Deutsche Bank MICHAEL SIMOTAS sell 1 D 4 12 month 22.10.2012
Goldman Sachs GABRIEL WILSON-OTTO neutral/neutral 3 M 5 12 month 22.10.2012
Evans & Partners Pty Ltd PAUL RYAN neutral 3 U #N/A N/A Not Provided 19.02.2012
Holdings By:
Treasury Wine Estates Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Alumina Limited is an Australian resource company that produces alumina. The
Company owns about 40% of Alcoa World Alumina and Chemicals through a joint
venture with Alcoa.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (14.02.2013) 1.41
52-Week Low (18.07.2012) 0.63
Daily Volume
1.17
52-Week High % Change -16.73% Dividend Yield 0.00
52-Week Low % Change 87.20% Beta 1.70
% 52 Week Price Range High/Low 71.79% Equity Float 1'676.43
Shares Out 15.02.2013 2'806.2 Short Int -
3'283.28 1 Yr Total Return -6.40%
Total Debt 674.50 YTD Return 30.00%
Preferred Stock 0.0 Adjusted BETA 1.698
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 10.10 Consensus Rating 2.625
Enterprise Value 4'008.59
Average Volume 5 Day 22'062'290
AWC AT EQUITY YTD Change - Average Volume 30 Day 18'508'940
AWC AT EQUITY YTD % CHANGE - Average Volume 3 Month 15'062'810
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
0.0 0.0 0.0 0.0 0.1 - - 7.7 26.9 - -
- - - - 29446.90x - - 463.48x 129.06x - -
(16.3) (14.7) - - - - - 5.6 89.5 - -
- - - - - - - 712.89x 44.81x - -
143.1 (20.6) 34.6 126.6 (62.1) - - (2.4) 108.6 - -
10.78x - 181.23x 21.99x - - - - 29.06x - -
EBITDA - Long-Term Rating Date 29.08.2012
EBIT -18.90 Long-Term Rating BBB-
Operating Margin -18900.00% Long-Term Outlook STABLE
Pretax Margin -61700.00% Short-Term Rating Date 21.11.2001
Return on Assets -1.86% Short-Term Rating NR
Return on Common Equity -2.27%
Return on Capital 1.98% EBITDA/Interest Exp. -
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin -18900.0% Total Debt/Equity 25.7%
Net Income Margin -62100.0% Total Debt/Capital 20.4%
Asset Turnover 0.00
Current Ratio 0.25 Net Fixed Asset Turnover 0.50
Quick Ratio 0.17 Accounts receivable turnover-days 183.00
Debt to Assets 20.37% Inventory Days -
Tot Debt to Common Equity 25.66% Accounts Payable Turnover Day -
Accounts Receivable Turnover 2.00 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Alumina LtdPrice/Volume
Valuation Analysis
13'457'332.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
.
.
.
.
.
/
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.-&- 9/-&- 90-&- 91-&- 92-&- 93-&- 94-&- 95-&- 96-&- 9
0.0
0.0
0.0
0.1
0.1
0.1
0.1
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
4-&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ALUMINA HOLDINGS LLC n/a EXCH 366'698'702 13.07 146'411'771 15.02.2013 Other
CITIC RESOURCES AUST n/a EXCH 219'617'657 7.83 - 14.02.2013 n/a
SCHRODER INVESTMENT n/a EXCH 172'782'144 6.16 25'224'229 16.05.2012 Investment Advisor
MANNING & NAPIER ADV n/a EXCH 149'228'725 5.32 24'995'449 04.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 148'508'495 5.29 (11'423'581) 25.02.2013 Investment Advisor
BESTBUY OVERSEAS CO n/a EXCH 146'411'771 5.22 - 15.02.2013 n/a
PERPETUAL LTD n/a EXCH 142'857'622 5.09 (29'840'956) 17.10.2012 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 128'636'666 4.58 - 21.08.2012 Unclassified
ELLERSTON CAPITAL LT n/a EXCH 127'689'390 4.55 - 14.01.2013 Corporation
PARADICE INVESTMENT n/a EXCH 122'693'670 4.37 - 24.01.2013 Investment Advisor
COOPER INVESTORS PTY n/a EXCH 118'060'332 4.21 (5'056'665) 23.02.2012 Hedge Fund Manager
NATIONAL AUSTRALIA B n/a ULT-AGG 110'537'596 3.94 (27'793'943) 17.12.2012 Bank
MANNING & NAPIER ADV Multiple Portfolios MF-AGG 96'556'850 3.44 26'143'220 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 43'751'230 1.56 510'750 31.12.2012 Investment Advisor
AUSBIL DEXIA LIMITED n/a EXCH 29'955'969 1.07 (119'682'580) 18.11.2011 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 14'323'000 0.51 - 29.06.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 13'617'853 0.49 792'938 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 10'779'840 0.38 - 30.06.2011 Investment Advisor
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 9'282'122 0.33 157'308 31.12.2012 Mutual Fund Manager
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 7'949'425 0.28 356'642 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Octa Phillip Securities Ltd LAWRENCE GRECH sell 1 M 1 Not Provided 25.02.2013
Credit Suisse MATTHEW HOPE neutral 3 U 1 Not Provided 22.02.2013
Macquarie ANDREW SULLIVAN neutral 3 M 1 12 month 22.02.2013
BMO Capital Markets TONY ROBSON underperform 1 M 1 Not Provided 21.02.2013
Morgan Stanley BRENDAN FITZPATRICK Underwt/In-Line 1 M 1 12 month 21.02.2013
Goldman Sachs IAN PRESTON sell/attractive 1 M 1 12 month 21.02.2013
JPMorgan LYNDON FAGAN neutral 3 M 1 10 month 21.02.2013
CIMB PHILLIP CHIPPINDALE neutral 3 M 1 12 month 21.02.2013
Commonwealth Bank ANDREW KNUCKEY neutral 3 M 1 12 month 21.02.2013
Investec TIM GERRARD buy 5 M 2 12 month 14.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Deutsche Bank PAUL-D YOUNG buy 5 M 1 12 month 08.01.2013
Holdings By:
Alumina Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Bank of Queensland Limited is a full service financial institution. The Bank
operates retail branches, business banking centers, and equipment finance
centers throughout Australia and New Zealand. Bank of Queensland also operates
an automated teller machine (ATM) network throughout Australia.
Latest Fiscal Year: 08/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 9.45
52-Week Low (18.05.2012) 6.13
Daily Volume
9.09
52-Week High % Change -3.81% Dividend Yield 5.63
52-Week Low % Change 48.29% Beta 1.25
% 52 Week Price Range High/Low 86.45% Equity Float 305.03
Shares Out 02.01.2013 312.9 Short Int -
2'844.07 1 Yr Total Return 34.80%
Total Debt 6'865.90 YTD Return 23.67%
Preferred Stock 195.7 Adjusted BETA 1.253
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 4'175.10 Consensus Rating 3.056
Enterprise Value -
Average Volume 5 Day 1'656'455
BOQ AT EQUITY YTD Change - Average Volume 30 Day 1'604'016
BOQ AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'233'093
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.08.2008 31.08.2009 31.08.2010 31.08.2011 31.08.2012 01/yy 01/yy 08/13 Y 08/14 Y 11/11 Q1 02/12 Q2
2'178.5 2'182.6 2'386.9 2'852.2 2'757.5 - - 840.3 877.5 - -
- - - - - - - -5.25x -5.89x - -
- - - - - - - - - - -
- - - - - - - - - - -
138.7 141.1 181.9 158.7 (17.1) - - 238.9 267.8 - -
16.80x 15.35x 12.03x 11.15x - - - 12.14x 11.14x - -
EBITDA - Long-Term Rating Date 08.06.2012
EBIT - Long-Term Rating BBB+
Operating Margin -1.33% Long-Term Outlook STABLE
Pretax Margin -2.37% Short-Term Rating Date 14.01.1994
Return on Assets -0.04% Short-Term Rating A-2
Return on Common Equity -1.05%
Return on Capital -0.18% EBITDA/Interest Exp. -
Asset Turnover 0.07% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 254.0%
Net Income Margin -2.1% Total Debt/Capital 70.3%
Asset Turnover 0.07
Current Ratio - Net Fixed Asset Turnover 88.95
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 16.44% Inventory Days -
Tot Debt to Common Equity 253.96% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Bank of Queensland LtdPrice/Volume
Valuation Analysis
1'131'407.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-./0123456
.-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.&- 9/&- 90&- 91&- 92&- 93&- 94&- 95&- 96&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
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0&--
1&--
2&--
3&--
4&--
5&--
6&--
-1&-6&/--6 -1&-0&/-.- -1&-6&/-.- -1&-0&/-.. -1&-6&/-.. -1&-0&/-./ -1&-6&/-./
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BRED BANQUE POPULAIR n/a Co File 27'315'821 8.73 - 28.09.2012 Unclassified
UBS n/a ULT-AGG 15'951'258 5.1 (567'798) 31.10.2012 Unclassified
DIMENSIONAL FUND ADV n/a EXCH 14'948'410 4.78 (343'651) 31.05.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 11'202'631 3.58 (1'988'744) 03.02.2012 Bank
MILTON CORP LTD n/a Co File 6'550'276 2.09 - 28.09.2012 Investment Advisor
DEUTSCHE BANK AG n/a EXCH 6'496'634 2.08 (7'189'092) 13.02.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 3'224'990 1.03 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'039'608 0.97 45'483 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 2'397'722 0.77 - 28.09.2012 Investment Advisor
QIC LTD n/a Co File 1'816'381 0.58 - 28.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'749'327 0.56 70'681 30.09.2012 Mutual Fund Manager
WASHINGTON H SOUL PA n/a Co File 1'344'347 0.43 - 28.09.2012 Holding Company
LIDDY DAVID PAUL n/a EXCH 1'179'053 0.38 - 31.08.2011 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 1'146'061 0.37 912'016 31.08.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 930'016 0.3 402'904 25.02.2013 Investment Advisor
AVANTEOS INV LTD n/a Co File 671'556 0.21 - 28.09.2012 Other
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 579'447 0.19 - 30.06.2011 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 459'443 0.15 - 31.12.2012 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 353'679 0.11 94'500 28.01.2013 Investment Advisor
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 159'558 0.05 5'889 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura ANTHONY HOO neutral 3 M 8 Not Provided 27.02.2013
Credit Suisse JAMES ELLIS neutral 3 M 10 Not Provided 25.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 D #N/A N/A Not Provided 05.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 8 12 month 31.01.2013
Commonwealth Bank JEFF CAI neutral 3 U 8 12 month 31.01.2013
Bell Potter T S LIM buy 5 U 9 12 month 30.01.2013
Deutsche Bank ANDREW TRIGGS hold 3 M 8 12 month 16.01.2013
Macquarie MICHAEL WIBLIN outperform 5 M 8 12 month 19.12.2012
CIMB JOHN BUONACCORSI outperform 5 N 9 12 month 07.11.2012
Morgan Stanley DAVID SHI Underwt/In-Line 1 M 7 12 month 18.10.2012
Goldman Sachs ELIZABETH ROGERS neutral/neutral 3 D 7 12 month 18.10.2012
JPMorgan SCOTT MANNING neutral 3 M 7 3 month 18.10.2012
Evans & Partners Pty Ltd GEORGE GABRIEL negative 2 D #N/A N/A Not Provided 11.10.2012
Macquarie CAMERON PIERCE neutral 3 M 8 12 month 13.10.2011
Holdings By:
Bank of Queensland Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
GrainCorp Limited provides grain industry related services in Australia. The
Group provides grain and bulk commodities handling and storage for growers, end
users and marketing organizations. The Group also operates grain pools,
provides transportation services for bulk commodities along with farming
products and flour milling and mixing services.
Latest Fiscal Year: 09/2012
LTM as of: 01/yy
52-Week High (22.10.2012) 12.53
52-Week Low (07.03.2012) 7.53
Daily Volume
12.23
52-Week High % Change -2.41% Dividend Yield 2.85
52-Week Low % Change 62.39% Beta 0.62
% 52 Week Price Range High/Low 92.57% Equity Float 151.54
Shares Out 28.12.2012 228.9 Short Int -
2'798.90 1 Yr Total Return 63.86%
Total Debt 678.10 YTD Return -0.97%
Preferred Stock 0.0 Adjusted BETA 0.616
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 350.30 Consensus Rating 3.000
Enterprise Value 3'126.70
Average Volume 5 Day 652'886
GNC AT EQUITY YTD Change - Average Volume 30 Day 651'507
GNC AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'617'870
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 01/yy 01/yy 09/13 Y 09/14 Y - -
1'527.9 1'653.5 1'981.8 2'768.6 3'320.5 - - 3'672.7 3'478.2 - -
0.61x 0.54x 0.84x 0.63x 0.67x - - 0.92x 0.98x - -
32.0 114.0 151.1 213.5 323.9 - - 414.9 382.5 - -
29.00x 7.86x 11.05x 8.22x 6.83x - - 7.54x 8.18x - -
(19.9) 63.2 80.2 171.6 204.9 - - 181.3 156.8 - -
- 21.25x 18.15x 8.30x 8.73x - - 14.97x 17.65x - -
EBITDA 323.90 Long-Term Rating Date -
EBIT 232.70 Long-Term Rating -
Operating Margin 7.01% Long-Term Outlook -
Pretax Margin 9.22% Short-Term Rating Date -
Return on Assets 7.48% Short-Term Rating -
Return on Common Equity 14.07%
Return on Capital 11.02% EBITDA/Interest Exp. 7.62
Asset Turnover 1.21% (EBITDA-Capex)/Interest Exp. 5.08
Net Debt/EBITDA 1.01
Gross Margin - Total Debt/EBITDA 2.09
EBITDA Margin 9.8%
EBIT Margin 7.0% Total Debt/Equity 44.0%
Net Income Margin 6.2% Total Debt/Capital 30.6%
Asset Turnover 1.21
Current Ratio 1.74 Net Fixed Asset Turnover 3.95
Quick Ratio 0.76 Accounts receivable turnover-days 27.64
Debt to Assets 23.87% Inventory Days -
Tot Debt to Common Equity 44.02% Accounts Payable Turnover Day -
Accounts Receivable Turnover 13.24 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
GrainCorp LtdPrice/Volume
Valuation Analysis
435'347.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
./
.1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 92&- 9.-&- 9.2&- 9/-&- 9/2&- 90-&- 902&- 91-&- 912&- 92-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
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.1&--
.3&--
.5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ADM AUST HOLDINGS II n/a EXCH 45'420'054 19.85 8'113'094 05.12.2012 Other
UBS n/a ULT-AGG 16'892'977 7.38 2'879'271 11.02.2013 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 16'260'406 7.11 (4'358'950) 13.02.2013 Bank
DEUTSCHE BANK AG n/a EXCH 12'559'930 5.49 (2'311'843) 21.12.2012 Investment Advisor
NORGES BANK n/a EXCH 11'887'086 5.19 - 15.11.2012 Government
AMP LTD n/a EXCH 11'449'659 5 - 08.11.2012 Insurance Company
MACQUARIE GROUP LTD n/a ULT-AGG 11'444'737 5 - 19.11.2012 Investment Advisor
DIMENSIONAL FUND ADV n/a Co File 10'479'249 4.58 549'001 09.10.2012 Investment Advisor
ELLERSTON CAPITAL LT n/a EXCH 9'950'968 4.35 (4'607'471) 19.10.2012 Corporation
AMP LIFE LTD n/a Co File 5'949'643 2.6 - 09.10.2012 Investment Advisor
DWS INVESTMENT S A Multiple Portfolios MF-AGG 5'888'583 2.57 (1'218'821) 28.12.2012 Mutual Fund Manager
D SEATON PTY LTD n/a Co File 5'237'738 2.29 - 09.10.2012 n/a
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 3'374'549 1.47 (6'292) 25.02.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 3'101'513 1.36 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'286'423 1 41'863 31.12.2012 Investment Advisor
JASERAOD HLDGS PTY L n/a Co File 1'786'011 0.78 - 09.10.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'581'301 0.69 219'692 30.09.2012 Mutual Fund Manager
P & G SHEARMAN HLDGS n/a Co File 1'231'393 0.54 - 09.10.2012 n/a
QIC LTD n/a Co File 1'201'450 0.52 - 09.10.2012 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 836'243 0.37 270'506 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse GRANT SALIGARI restricted #N/A N/A M #N/A N/A Not Provided 29.01.2013
Commonwealth Bank JORDAN ROGERS neutral 3 M 13 12 month 25.01.2013
EVA Dimensions AUSTIN BURKETT overweight 5 U #N/A N/A Not Provided 17.01.2013
Octa Phillip Securities Ltd PAUL JENSZ sell 1 M 11 Not Provided 15.01.2013
Macquarie RIKKI BANNAN underperform 1 M 13 12 month 09.01.2013
JPMorgan STUART JACKSON overweight 5 M 13 9 month 02.01.2013
Bell Potter JONATHAN SNAPE hold 3 M 12 12 month 02.01.2013
Deutsche Bank MARK WILSON hold 3 M 13 12 month 04.12.2012
Wilson HTM Investment Group JAMES FERRIER hold 3 U 12 Not Provided 28.11.2012
RBS Morgans BELINDA MOORE neutral 3 N 13 12 month 27.11.2012
BBY Limited DENNIS HULME underperform 1 M 13 12 month 20.11.2012
Goldman Sachs JAMES HANNAM neutral/neutral 3 M 13 12 month 22.10.2012
Holdings By:
GrainCorp Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Commonwealth Property Office Fund is a property trust that invests in, manages
and develops a portfolio of office buildings and office parks located throughout
in the Central Business District and suburban markets of Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 1.15
52-Week Low (08.03.2012) 0.95
Daily Volume
1.105
52-Week High % Change -3.49% Dividend Yield 5.51
52-Week Low % Change 16.07% Beta 0.56
% 52 Week Price Range High/Low 74.09% Equity Float 2'337.57
Shares Out 31.12.2012 2'347.0 Short Int -
2'593.44 1 Yr Total Return 21.94%
Total Debt 824.90 YTD Return 8.33%
Preferred Stock 0.0 Adjusted BETA 0.562
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 8.20 Consensus Rating 2.571
Enterprise Value 3'410.14
Average Volume 5 Day 13'221'850
CPA AT EQUITY YTD Change - Average Volume 30 Day 10'593'060
CPA AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'957'608
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
296.7 302.3 267.1 310.6 309.0 - - 296.1 316.3 - -
10.03x 7.74x 9.58x 10.40x 10.35x - - 12.01x 11.49x - -
187.8 164.9 171.6 200.8 208.8 - - 244.5 252.3 - -
15.84x 14.20x 14.91x 16.09x 15.32x - - 13.95x 13.51x - -
375.0 (543.7) 114.2 197.7 256.4 - - 195.8 198.8 - -
5.30x - 15.79x 10.77x 9.52x - - 13.00x 12.85x - -
EBITDA 208.80 Long-Term Rating Date 31.08.2007
EBIT 157.30 Long-Term Rating A-
Operating Margin 50.91% Long-Term Outlook STABLE
Pretax Margin 82.98% Short-Term Rating Date 10.08.2004
Return on Assets 6.77% Short-Term Rating A-2
Return on Common Equity 9.46%
Return on Capital 7.14% EBITDA/Interest Exp. 4.09
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. -2.55
Net Debt/EBITDA 3.91
Gross Margin - Total Debt/EBITDA 3.95
EBITDA Margin 67.6%
EBIT Margin - Total Debt/Equity 30.4%
Net Income Margin 83.0% Total Debt/Capital 23.3%
Asset Turnover 0.08
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 22.21% Inventory Days -
Tot Debt to Common Equity 30.42% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Commonwealth Property Office FundPrice/Volume
Valuation Analysis
4'853'487.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
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2&- 9
.-&- 9
.2&- 9
/-&- 9
/2&- 9
0-&- 9
02&- 9
1-&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
.3&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 233'416'489 9.95 (35'167'291) 18.12.2012 Bank
MONDRIAN INVESTMENT n/a EXCH 190'553'607 8.12 16'260'076 13.12.2012 Hedge Fund Manager
VANGUARD GROUP INC n/a EXCH 152'932'111 6.52 52'195'650 31.08.2011 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 120'050'380 5.12 (4'886'667) 01.12.2011 Bank
MITSUBISHI UFJ FINAN n/a ULT-AGG 119'576'832 5.09 113'240'829 13.12.2012 Holding Company
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 97'946'059 4.17 2'513'794 30.09.2012 Mutual Fund Manager
MORGAN STANLEY n/a ULT-AGG 76'567'111 3.26 586'742 31.12.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 70'553'000 3.01 (992'561) 31.12.2012 Investment Advisor
COHEN & STEERS CAPIT n/a EXCH 46'394'652 1.98 (4'393'113) 15.03.2012 Investment Advisor
COLONIAL FIRST STATE n/a Co File 38'685'527 1.65 - 20.08.2012 n/a
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 37'240'258 1.59 3'253'572 17.07.2012 Investment Advisor
AMP LIFE LTD n/a Co File 32'219'839 1.37 - 20.08.2012 Investment Advisor
THIRD AVENUE MANAGEM Multiple Portfolios MF-AGG 29'880'091 1.27 - 31.10.2012 Hedge Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 28'900'848 1.23 220'265 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 25'621'764 1.09 - 25.02.2013 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 23'974'178 1.02 - 20.08.2012 Private Equity
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 22'128'441 0.94 1'016'411 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 20'115'231 0.86 108'185 25.02.2013 Investment Advisor
CBRE CLARION SECURIT Multiple Portfolios MF-AGG 18'592'572 0.79 - 26.12.2011 Investment Advisor
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 14'343'083 0.61 539'424 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan RICHARD JONES underweight 1 M 1 12 month 22.02.2013
Macquarie PAUL CHECCHIN underperform 1 M 1 12 month 22.02.2013
Morgan Stanley TODD MCFARLANE Underwt/In-Line 1 M 1 12 month 21.02.2013
Goldman Sachs PETER ZUK neutral/neutral 3 M 1 12 month 21.02.2013
Credit Suisse JOHN LEE neutral 3 M 1 Not Provided 21.02.2013
Commonwealth Bank DAVID LLOYD neutral 3 M 1 12 month 21.02.2013
EVA Dimensions AUSTIN BURKETT buy 5 M #N/A N/A Not Provided 15.01.2013
Deutsche Bank JASON WEATE hold 3 U 1 12 month 31.10.2012
Moelis & Company RYAN FRANZ sell 1 M 1 12 month 06.09.2012
Holdings By:
Commonwealth Property Office Fund ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Caltex Australia Limited purchases, refines, distributes and markets petroleum
products in Australia. The Company's products include petroleum, motor oil,
lubricants, diesel and jet fuel. Caltex also operates convenience stores, fast
food stores and service stations throughout Australia.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 20.35
52-Week Low (18.05.2012) 12.11
Daily Volume
18.97
52-Week High % Change -6.78% Dividend Yield 2.37
52-Week Low % Change 56.65% Beta 1.30
% 52 Week Price Range High/Low 73.67% Equity Float 134.57
Shares Out 30.06.2012 270.0 Short Int -
5'121.90 1 Yr Total Return 51.90%
Total Debt 618.66 YTD Return -1.25%
Preferred Stock 0.0 Adjusted BETA 1.300
Minority Interest 12.1 Analyst Recs 9
Cash and Equivalents 1.82 Consensus Rating 2.556
Enterprise Value 5'914.56
Average Volume 5 Day 972'246
CTX AT EQUITY YTD Change - Average Volume 30 Day 760'909
CTX AT EQUITY YTD % CHANGE - Average Volume 3 Month 651'144
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y 09/12 Q3 12/12 Q4
23'646.7 17'740.3 18'671.9 22'105.2 23'261.9 - - 22'965.6 23'758.8 - -
0.12x 0.17x 0.24x 0.17x - - - 0.25x 0.24x - -
549.8 539.1 597.5 773.2 - - - 863.7 900.4 - -
5.06x 5.58x 7.42x 4.92x - - - 6.85x 6.57x - -
34.3 314.1 317.0 (713.5) 56.8 - - 416.0 415.9 - -
56.61x 8.00x 12.24x - 91.48x - - 12.25x 12.09x - -
EBITDA 773.25 Long-Term Rating Date 25.09.2012
EBIT 553.90 Long-Term Rating BBB+
Operating Margin 2.51% Long-Term Outlook STABLE
Pretax Margin -4.62% Short-Term Rating Date 03.03.2003
Return on Assets -14.83% Short-Term Rating A-2
Return on Common Equity -29.44%
Return on Capital - EBITDA/Interest Exp. 11.41
Asset Turnover 4.16% (EBITDA-Capex)/Interest Exp. 6.73
Net Debt/EBITDA 1.30
Gross Margin 5.4% Total Debt/EBITDA 1.33
EBITDA Margin 2.6%
EBIT Margin 1.9% Total Debt/Equity 28.0%
Net Income Margin 0.2% Total Debt/Capital 21.8%
Asset Turnover 4.16
Current Ratio 1.39 Net Fixed Asset Turnover 10.07
Quick Ratio 0.44 Accounts receivable turnover-days 16.13
Debt to Assets 12.73% Inventory Days 30.54
Tot Debt to Common Equity 28.04% Accounts Payable Turnover Day 27.11
Accounts Receivable Turnover 22.69 Cash Conversion Cycle 34.88
Inventory Turnover 11.99
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Caltex Australia LtdPrice/Volume
Valuation Analysis
3'023'160.00
Current Price (2/dd/yy) Market Data
-
2
.-
.2
/-
/2
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&2 9
.&- 9
.&2 9
/&- 9
/&2 9
0&- 9
0&2 9
0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CHEVRONTEXACO GLOBAL n/a Co File 135'000'000 50 - 29.02.2012 Corporation
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'563'039 0.95 48'648 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'323'379 0.49 683 25.02.2013 Investment Advisor
PACIFIC LIFE INSURAN Multiple Portfolios MF-AGG 1'156'425 0.43 85'471 31.01.2013 Insurance Company
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 739'485 0.27 38'252 30.09.2012 Mutual Fund Manager
LANDESBANK BERLIN IN Multiple Portfolios MF-AGG 435'632 0.16 (1'768) 31.01.2013 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 403'759 0.15 - 31.07.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 208'635 0.08 1'955 28.12.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 206'904 0.08 (1) 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 202'584 0.08 (35'870) 26.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 173'666 0.06 (5'093) 31.08.2011 Investment Advisor
SEGAL JULIAN n/a EXCH 166'563 0.06 - 18.10.2012 n/a
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 154'604 0.06 - 31.10.2012 Investment Advisor
VANTAGEPOINT INVESTM Multiple Portfolios MF-AGG 151'704 0.06 - 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 121'237 0.04 - 26.02.2013 Investment Advisor
HSBC INVESTMENT FUND Multiple Portfolios MF-AGG 114'348 0.04 929 31.12.2012 Mutual Fund Manager
PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 107'693 0.04 107'693 31.12.2012 Investment Advisor
SEI INVESTMENT MANAG Multiple Portfolios MF-AGG 106'906 0.04 2'679 31.01.2013 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 105'009 0.04 (7'250) 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 104'109 0.04 (32'700) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse JAMES REDFERN outperform 5 U 22 Not Provided 26.02.2013
Macquarie KIRIT HIRA underperform 1 D 18 12 month 26.02.2013
Deutsche Bank JOHN HIRJEE hold 3 M 17 12 month 25.02.2013
Goldman Sachs MARK WISEMAN neutral/neutral 3 M 20 12 month 25.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
Morgan Stanley STUART BAKER Underwt/Attractive 1 M 15 12 month 16.12.2012
Nomura RICHARD J JOHNSON suspended coverage #N/A N/A M #N/A N/A Not Provided 29.04.2012
Holdings By:
Caltex Australia Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Echo Entertainment Group Ltd. owns interests in casino hotels. The Company
owns and operates the Star City Casino in New South Wales, Jupiters Hotel &
Casino on the Gold Coast, Treasury Casino & Hotel in Brisbane, and Jupiters
Townsville Casino.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (03.05.2012) 4.42
52-Week Low (21.02.2013) 3.37
Daily Volume
3.73
52-Week High % Change -15.53% Dividend Yield 1.07
52-Week Low % Change 10.68% Beta -
% 52 Week Price Range High/Low 22.95% Equity Float 635.99
Shares Out 31.12.2012 825.7 Short Int -
3'079.76 1 Yr Total Return -8.03%
Total Debt 1'317.80 YTD Return 9.63%
Preferred Stock 0.0 Adjusted BETA -
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 342.60 Consensus Rating 3.143
Enterprise Value 3'797.16
Average Volume 5 Day 11'311'550
EGP AT EQUITY YTD Change - Average Volume 30 Day 3'795'791
EGP AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'007'024
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/12 Q1 12/12 Q2
1'365.0 1'399.0 1'451.6 1'612.8 1'615.5 - - 1'888.3 2'038.8 - -
- - - 2.35x 2.43x - - 2.02x 1.85x - -
470.0 434.0 350.4 445.2 259.6 - - 404.7 456.2 - -
- - - 8.51x 15.10x - - 9.38x 8.32x - -
365.0 361.0 193.8 226.0 42.2 - - 125.8 159.4 - -
- - - 13.09x 72.54x - - 24.54x 19.23x - -
EBITDA 259.60 Long-Term Rating Date -
EBIT 137.50 Long-Term Rating -
Operating Margin 8.51% Long-Term Outlook -
Pretax Margin 3.09% Short-Term Rating Date -
Return on Assets 0.91% Short-Term Rating -
Return on Common Equity 1.45%
Return on Capital 2.56% EBITDA/Interest Exp. 2.67
Asset Turnover 0.38% (EBITDA-Capex)/Interest Exp. -0.69
Net Debt/EBITDA 2.56
Gross Margin 95.3% Total Debt/EBITDA 3.28
EBITDA Margin 17.3%
EBIT Margin 9.0% Total Debt/Equity 46.8%
Net Income Margin 2.6% Total Debt/Capital 31.9%
Asset Turnover 0.38
Current Ratio 1.00 Net Fixed Asset Turnover 0.82
Quick Ratio 0.65 Accounts receivable turnover-days 28.21
Debt to Assets 28.15% Inventory Days 37.28
Tot Debt to Common Equity 46.78% Accounts Payable Turnover Day 748.55
Accounts Receivable Turnover 12.97 Cash Conversion Cycle -745.50
Inventory Turnover 9.82
Fiscal Year Ended
Echo Entertainment Group LtdPrice/Volume
Valuation Analysis
2'180'147.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//001122
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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0-&- 9
1-&- 9
2-&- 9
3-&- 9
4-&- 9
5-&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
02&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PENNWIN PTY LTD n/a Co File 82'561'200 10 - 23.08.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 63'976'354 7.75 (17'901'407) 06.02.2013 Bank
CROWN LTD n/a Co File 63'302'086 7.67 - 23.08.2012 Other
PERPETUAL LTD n/a EXCH 62'165'316 7.53 11'549'154 13.09.2012 Investment Advisor
GENTING HK n/a EXCH 43'110'000 5.22 - 04.10.2012 Other
MACQUARIE GROUP LTD n/a ULT-AGG 33'626'845 4.07 (1'501'032) 14.06.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'205'260 1.6 235'958 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 9'862'790 1.19 - 23.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 7'703'796 0.93 3'290 25.02.2013 Investment Advisor
JANUS CAPITAL MANAGE n/a ULT-AGG 5'121'589 0.62 536'641 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 3'806'389 0.46 - 23.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'780'325 0.46 538'911 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD n/a Co File 2'455'345 0.3 - 23.08.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'012'707 0.24 - 31.07.2012 Investment Advisor
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 1'439'644 0.17 (292'666) 28.09.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'224'914 0.15 10'822 28.12.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 718'676 0.09 - 31.12.2012 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 640'206 0.08 - 28.12.2012 Unclassified
HSBC INVESTMENT FUND Multiple Portfolios MF-AGG 612'311 0.07 29'781 31.12.2012 Mutual Fund Manager
DEXIA ASSET MANAGEME Multiple Portfolios MF-AGG 543'016 0.07 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley MARK A CHRISTENSEN Equalwt/In-Line 3 M 4 12 month 24.02.2013
Macquarie ANDREW LEVY outperform 5 U 4 12 month 22.02.2013
Nomura NICK BERRY neutral 3 M 4 Not Provided 22.02.2013
Credit Suisse LARRY GANDLER underperform 1 M 4 Not Provided 21.02.2013
JPMorgan MATTHEW RYAN neutral 3 M 4 3 month 21.02.2013
CIMB MICHAEL NOLAN underperform 1 M 4 12 month 21.02.2013
Commonwealth Bank BEN BROWNETTE neutral 3 U 3 12 month 21.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Goldman Sachs ADAM ALEXANDER neutral/neutral 3 M 4 12 month 21.11.2012
Deutsche Bank MARK WILSON hold 3 M 5 12 month 15.06.2012
Holdings By:
Echo Entertainment Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
TABCORP Holdings Limited is a gambling and entertainment group involved in
combination of wagering, gaming, hospitality and media activities across
Australia. The Company's main activities are operations of hotel casinos,
wagering, and gaming.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (08.08.2012) 3.36
52-Week Low (19.11.2012) 2.61
Daily Volume
3.18
52-Week High % Change -5.36% Dividend Yield 6.92
52-Week Low % Change 21.84% Beta 0.71
% 52 Week Price Range High/Low 74.67% Equity Float 731.89
Shares Out 31.12.2012 734.0 Short Int -
2'334.17 1 Yr Total Return 24.76%
Total Debt 1'224.00 YTD Return 7.90%
Preferred Stock 0.0 Adjusted BETA 0.715
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 151.40 Consensus Rating 2.857
Enterprise Value 3'461.47
Average Volume 5 Day 3'690'045
TAH AT EQUITY YTD Change - Average Volume 30 Day 4'918'732
TAH AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'729'821
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
3'957.0 4'211.3 2'865.6 2'947.5 3'033.8 - - 2'000.5 2'053.4 - -
1.83x 1.44x 1.96x 1.05x 1.06x - - 1.73x 1.65x - -
1'215.8 1'075.2 700.0 1'107.5 705.5 - - 464.2 481.7 - -
5.96x 5.65x 8.01x 2.78x 4.55x - - 7.46x 7.19x - -
(164.6) 521.7 469.5 534.8 340.0 - - 137.1 142.3 - -
- 7.68x 13.97x - 6.16x - - 17.01x 16.56x - -
EBITDA 705.50 Long-Term Rating Date 03.06.2011
EBIT 572.00 Long-Term Rating BBB
Operating Margin 18.85% Long-Term Outlook STABLE
Pretax Margin 16.38% Short-Term Rating Date -
Return on Assets 6.94% Short-Term Rating -
Return on Common Equity 16.45%
Return on Capital 11.69% EBITDA/Interest Exp. 8.03
Asset Turnover 0.77% (EBITDA-Capex)/Interest Exp. 0.85
Net Debt/EBITDA 1.94
Gross Margin 99.8% Total Debt/EBITDA 2.17
EBITDA Margin 23.3%
EBIT Margin 17.8% Total Debt/Equity 87.1%
Net Income Margin 11.2% Total Debt/Capital 46.5%
Asset Turnover 0.77
Current Ratio 0.47 Net Fixed Asset Turnover 8.20
Quick Ratio 0.34 Accounts receivable turnover-days 12.12
Debt to Assets 37.67% Inventory Days -
Tot Debt to Common Equity 87.07% Accounts Payable Turnover Day -
Accounts Receivable Turnover 30.19 Cash Conversion Cycle -687536.33
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Tabcorp Holdings LtdPrice/Volume
Valuation Analysis
3'532'340.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
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500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 48'057'750 6.55 10'519'488 04.10.2012 Bank
JCP INVESTMENT PARTN n/a EXCH 47'261'928 6.44 7'566'441 28.08.2012 Investment Advisor
NORTHCAPE CAPITAL PT n/a EXCH 44'577'533 6.07 - 12.11.2012 Other
PERPETUAL LTD n/a EXCH 34'809'004 4.74 (6'853'312) 19.04.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'308'743 1.81 302'111 31.12.2012 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 12'358'057 1.68 - 14.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 7'584'527 1.03 (58'520) 25.02.2013 Investment Advisor
AMP LIFE LTD n/a Co File 5'993'413 0.82 - 17.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'337'518 0.73 601'451 30.09.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 5'039'863 0.69 4'579'641 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 2'631'388 0.36 - 17.08.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 2'306'507 0.31 - 17.08.2012 Private Equity
HEXAVEST INC HEXAVEST INC 13F 2'128'870 0.29 209'409 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 2'054'655 0.28 - 17.08.2012 Investment Advisor
AUSTRALIAN UNITED IN n/a Co File 2'000'000 0.27 - 17.08.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'744'446 0.24 - 31.07.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'448'047 0.2 29'600 25.02.2013 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 1'382'979 0.19 29'493 31.05.2012 Investment Advisor
SEI INVESTMENT MANAG Multiple Portfolios MF-AGG 1'135'328 0.15 38'910 31.01.2013 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'103'742 0.15 12'450 28.12.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura NICK BERRY neutral 3 M 3 Not Provided 21.02.2013
EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 12.02.2013
Macquarie LACHLAN FITT neutral 3 M 3 12 month 08.02.2013
Commonwealth Bank BEN BROWNETTE neutral 3 M 3 12 month 08.02.2013
Deutsche Bank MARK WILSON hold 3 M 3 12 month 07.02.2013
Morgan Stanley MARK A CHRISTENSEN Underwt/In-Line 1 M 3 12 month 07.02.2013
Credit Suisse LARRY GANDLER outperform 5 M 4 Not Provided 07.02.2013
JPMorgan MATTHEW RYAN neutral 3 M 3 9 month 07.02.2013
CIMB MICHAEL NOLAN neutral 3 M 3 12 month 07.02.2013
Goldman Sachs ADAM ALEXANDER Sell/Neutral 1 M 3 12 month 09.08.2012
Holdings By:
Tabcorp Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
BlueScope Steel Limited is a steel solutions company operating in Australia,
New Zealand, the US and Asia that serves primarily the building and
construction industry, and also other industrial segments. The Company
manufactures and distributes hot and cold rolled coil, plate, and coated
products such as pre-painted steel and zinc/aluminium alloy-coated steel.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 4.50
52-Week Low (26.07.2012) 1.47
Daily Volume
4.44
52-Week High % Change -1.33% Dividend Yield 0.00
52-Week Low % Change 202.04% Beta 1.74
% 52 Week Price Range High/Low 97.69% Equity Float 501.89
Shares Out 31.12.2012 558.2 Short Int -
2'478.60 1 Yr Total Return 78.31%
Total Debt 598.40 YTD Return 28.70%
Preferred Stock 0.0 Adjusted BETA 1.738
Minority Interest 99.5 Analyst Recs 10
Cash and Equivalents 214.50 Consensus Rating 4.400
Enterprise Value 3'050.20
Average Volume 5 Day 2'565'174
BSL AT EQUITY YTD Change - Average Volume 30 Day 3'300'325
BSL AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'138'912
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
10'458.0 10'302.1 8'597.3 8'969.2 8'453.6 - - 7'888.1 8'528.9 - -
1.00x 0.53x 0.54x 0.38x 0.18x - - 0.33x 0.30x - -
1'410.9 429.0 497.9 168.9 37.6 - - 442.8 625.0 - -
7.38x 12.71x 9.37x 19.98x 39.52x - - 6.89x 4.88x - -
596.2 (66.4) 126.0 (1'054.2) (1'043.5) - - 33.7 161.1 - -
14.10x - 31.82x - - - - 63.43x 14.19x - -
EBITDA 37.60 Long-Term Rating Date 02.11.2012
EBIT -293.20 Long-Term Rating BB
Operating Margin -3.47% Long-Term Outlook STABLE
Pretax Margin -11.55% Short-Term Rating Date -
Return on Assets -7.39% Short-Term Rating -
Return on Common Equity -13.40%
Return on Capital - EBITDA/Interest Exp. 0.42
Asset Turnover 1.07% (EBITDA-Capex)/Interest Exp. -2.00
Net Debt/EBITDA 1.42
Gross Margin - Total Debt/EBITDA 1.97
EBITDA Margin 4.6%
EBIT Margin 0.4% Total Debt/Equity 16.3%
Net Income Margin -12.3% Total Debt/Capital 13.7%
Asset Turnover 1.07
Current Ratio 1.42 Net Fixed Asset Turnover 2.27
Quick Ratio 0.61 Accounts receivable turnover-days 44.81
Debt to Assets 8.89% Inventory Days -
Tot Debt to Common Equity 16.26% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.17 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
BlueScope Steel LtdPrice/Volume
Valuation Analysis
2'809'712.00
Current Price (2/dd/yy) Market Data
-..//001122
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0-&- 9
02&- 9
0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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3-&--
5-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GOVT OF SINGAPORE IN n/a ULT-AGG 34'714'599 6.22 5'943'149 11.12.2012 Government
IOOF HOLDINGS LTD n/a EXCH 29'342'920 5.26 - 20.06.2012 Investment Advisor
COMMONWEALTH BANK OF #N/A N/A EXCH 28'837'651 5.17 - 21.02.2013 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 25'940'129 4.65 (13'805'631) 26.11.2012 Bank
FRANKLIN RESOURCES n/a ULT-AGG 23'994'110 4.3 (4'025'520) 05.10.2012 Investment Advisor
UNISUPER #N/A N/A EXCH 15'098'910 2.7 - 19.02.2013 Other
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 9'399'623 1.68 - 31.07.2012 Investment Advisor
SPARINVEST n/a ULT-AGG 6'356'327 1.14 - 31.01.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'124'262 1.1 88'121 31.12.2012 Investment Advisor
MASON STREET ADVISOR Multiple Portfolios MF-AGG 2'865'839 0.51 - 30.06.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 2'718'004 0.49 - 13.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'668'148 0.48 (24'442) 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 2'363'481 0.42 - 13.08.2012 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 1'945'434 0.35 600'030 31.05.2012 Investment Advisor
IQ RENTAL & FINANCE n/a Co File 1'500'001 0.27 - 13.08.2012 n/a
Y S CHAINS PTY LTD n/a Co File 1'316'667 0.24 - 13.08.2012 Corporation
BLUESC STEEL EMP SHA n/a Co File 1'155'934 0.21 - 13.08.2012 n/a
ALLIANCE BERNSTEIN n/a ULT-AGG 1'125'648 0.2 190'609 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'030'323 0.18 1'409 25.02.2013 Investment Advisor
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 889'358 0.16 - 31.12.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie LIAM FARLOW outperform 5 M 5 12 month 19.02.2013
Deutsche Bank EMILY BEHNCKE buy 5 M 6 12 month 18.02.2013
Morgan Stanley PHILIP BARE Overwt/In-Line 5 U 5 12 month 18.02.2013
Goldman Sachs ANDREW GIBSON Buy/Neutral 5 U 5 12 month 18.02.2013
Credit Suisse MICHAEL SLIFIRSKI restricted #N/A N/A M #N/A N/A Not Provided 18.02.2013
Commonwealth Bank TOMAS VASQUEZ overweight 5 U 5 12 month 18.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 15.01.2013
VTB Capital WIKTOR BIELSKI hold 3 M 19 12 month 15.10.2012
JPMorgan JASON HARLEY STEED neutral 3 M 3 Not Provided 14.08.2012
Holdings By:
BlueScope Steel Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
DUET Group invests in energy utility assets located in Australia and New
Zealand. The Group's investment assets include gas pipelines and electricity
distribution networks.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.01.2013) 2.27
52-Week Low (08.03.2012) 1.69
Daily Volume
2.2
52-Week High % Change -3.08% Dividend Yield -
52-Week Low % Change 30.18% Beta 0.49
% 52 Week Price Range High/Low 84.48% Equity Float 1'161.33
Shares Out 14.02.2013 1'169.3 Short Int -
2'572.49 1 Yr Total Return 35.58%
Total Debt 5'125.12 YTD Return 5.77%
Preferred Stock 0.0 Adjusted BETA 0.486
Minority Interest 191.8 Analyst Recs 12
Cash and Equivalents 243.60 Consensus Rating 2.917
Enterprise Value 7'834.79
Average Volume 5 Day 4'448'943
DUE AT EQUITY YTD Change - Average Volume 30 Day 4'530'980
DUE AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'512'050
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
877.3 938.2 998.6 1'079.3 1'157.0 - - 1'251.6 1'274.0 - -
7.31x 6.64x 6.85x 6.61x 6.15x - - 6.30x 6.23x - -
516.6 537.3 688.3 752.8 734.7 - - 742.6 825.6 - -
12.41x 11.59x 9.94x 9.48x 9.69x - - 10.55x 9.49x - -
18.4 (26.6) 42.0 68.8 77.4 - - 93.7 136.2 - -
84.59x - 33.09x 22.08x 25.45x - - 30.14x 21.15x - -
EBITDA 734.67 Long-Term Rating Date 03.06.2003
EBIT 500.73 Long-Term Rating BBB-
Operating Margin 43.28% Long-Term Outlook STABLE
Pretax Margin 4.00% Short-Term Rating Date -
Return on Assets -0.31% Short-Term Rating -
Return on Common Equity -3.07%
Return on Capital - EBITDA/Interest Exp. 1.62
Asset Turnover 0.15% (EBITDA-Capex)/Interest Exp. 0.93
Net Debt/EBITDA 6.56
Gross Margin - Total Debt/EBITDA 6.78
EBITDA Margin 63.5%
EBIT Margin 43.1% Total Debt/Equity 372.2%
Net Income Margin 6.7% Total Debt/Capital 76.6%
Asset Turnover 0.15
Current Ratio 0.47 Net Fixed Asset Turnover 0.22
Quick Ratio 0.35 Accounts receivable turnover-days 22.69
Debt to Assets 63.13% Inventory Days -
Tot Debt to Common Equity 372.23% Accounts Payable Turnover Day -
Accounts Receivable Turnover 16.13 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
DUET GroupPrice/Volume
Valuation Analysis
4'862'932.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
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/2&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MACQUARIE GROUP LTD n/a ULT-AGG 146'453'975 12.52 11'935'400 06.02.2013 Investment Advisor
AMP LTD n/a EXCH 146'453'975 12.52 11'935'400 06.02.2013 Insurance Company
LAZARD ASSET MANAGEM n/a ULT-AGG 83'872'265 7.17 (9'029'106) 31.01.2013 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 58'833'241 5.03 - 22.02.2013 Bank
SUMITOMO MITSUI TRUS n/a ULT-AGG 52'465'432 4.49 (7'830'006) 09.11.2011 Bank
COMMONWEALTH BANK OF n/a EXCH 49'221'293 4.21 (3'314'575) 22.08.2011 Bank
PICTET ASSET MANAGEM Multiple Portfolios MF-AGG 19'632'605 1.68 (850'089) 30.11.2012 Investment Advisor
DUFF & PHELPS INVEST Multiple Portfolios MF-AGG 19'500'000 1.67 - 31.10.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 11'911'913 1.02 427'456 31.12.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 9'762'106 0.83 - 20.08.2012 Private Equity
ARGO INVESTMENTS LTD n/a Co File 8'513'603 0.73 - 20.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 7'869'046 0.67 911'125 30.09.2012 Mutual Fund Manager
QUEENSLAND INVESTMEN n/a Co File 6'946'484 0.59 - 20.08.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 6'368'653 0.54 6'368'653 30.06.2012 Investment Advisor
LAZARD GLOBAL ACTIVE Multiple Portfolios MF-AGG 6'121'944 0.52 (487'701) 31.01.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 5'551'443 0.47 - 31.07.2012 Investment Advisor
ROBERTS JOHN STUART n/a Co File 5'422'901 0.46 - 16.08.2012 n/a
AOTEAROA INV CO PTY n/a Co File 4'939'518 0.42 - 20.08.2012 n/a
CAPITAL GROUP COMPAN n/a ULT-AGG 4'698'650 0.4 (45'288'266) 31.12.2012 Investment Advisor
HENDERSON GLOBAL INV Multiple Portfolios MF-AGG 4'251'189 0.36 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions AUSTIN BURKETT sell 1 D #N/A N/A Not Provided 20.02.2013
RBC Capital Markets PAUL A JOHNSTON outperform 5 M 2 12 month 15.02.2013
Credit Suisse BENJAMIN MCVICAR neutral 3 M 2 Not Provided 15.02.2013
JPMorgan CHRIS LAYBUTT neutral 3 M 2 9 month 15.02.2013
Macquarie IAN MYLES underperform 1 M 2 12 month 15.02.2013
Commonwealth Bank WILLIAM ALLOTT neutral 3 M 2 12 month 15.02.2013
Deutsche Bank HUGH MORGAN hold 3 M 2 12 month 23.11.2012
Evans & Partners Pty Ltd TONY WILSON negative 2 D #N/A N/A Not Provided 02.08.2012
Holdings By:
DUET Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Primary Health Care Limited provides services to the healthcare industry in
Australia. Services are provided to general practitioners, specialists and
other health care providers who conduct their own practices and businesses at
its medical centers, licensed day surgeries, eye clinics, and specialist
clinics. The Company also provides pathology services and healthcare software.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 4.94
52-Week Low (04.06.2012) 2.62
Daily Volume
4.86
52-Week High % Change -1.52% Dividend Yield 2.57
52-Week Low % Change 85.50% Beta 0.92
% 52 Week Price Range High/Low 98.47% Equity Float 436.71
Shares Out 31.12.2012 503.0 Short Int -
2'444.50 1 Yr Total Return 65.41%
Total Debt 1'075.63 YTD Return 21.50%
Preferred Stock 0.0 Adjusted BETA 0.917
Minority Interest 5.3 Analyst Recs 16
Cash and Equivalents 15.01 Consensus Rating 3.563
Enterprise Value 3'507.40
Average Volume 5 Day 2'010'097
PRY AT EQUITY YTD Change - Average Volume 30 Day 2'544'927
PRY AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'026'034
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
649.6 1'328.6 1'286.8 1'309.0 1'390.9 - - 1'461.0 1'536.5 - -
6.35x 2.62x 2.12x 2.13x 1.83x - - 2.38x 2.23x - -
148.6 339.9 321.0 305.4 349.9 - - 381.7 409.4 - -
27.76x 10.23x 8.51x 9.12x 7.28x - - 9.19x 8.57x - -
7.9 108.5 132.0 78.3 116.6 - - 153.7 174.7 - -
135.77x 17.12x 12.81x 21.71x 12.66x - - 16.15x 14.21x - -
EBITDA 349.87 Long-Term Rating Date -
EBIT 264.01 Long-Term Rating -
Operating Margin 18.98% Long-Term Outlook -
Pretax Margin 12.11% Short-Term Rating Date -
Return on Assets 3.59% Short-Term Rating -
Return on Common Equity 5.44%
Return on Capital 5.36% EBITDA/Interest Exp. 3.62
Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. 2.80
Net Debt/EBITDA 2.88
Gross Margin - Total Debt/EBITDA 2.93
EBITDA Margin 25.8%
EBIT Margin 19.7% Total Debt/Equity 41.9%
Net Income Margin 8.4% Total Debt/Capital 29.5%
Asset Turnover 0.37
Current Ratio 1.02 Net Fixed Asset Turnover 3.49
Quick Ratio 0.52 Accounts receivable turnover-days 40.54
Debt to Assets 27.85% Inventory Days -
Tot Debt to Common Equity 41.89% Accounts Payable Turnover Day -
Accounts Receivable Turnover 9.03 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Primary Health Care LtdPrice/Volume
Valuation Analysis
1'365'849.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
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0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WESTPAC BANKING CORP n/a EXCH 43'149'549 8.58 7'724'193 05.11.2012 Bank
BATEMAN EDMUND GREGO n/a EXCH 36'749'796 7.31 130'000 14.12.2012 n/a
SCHRODER INVESTMENT n/a EXCH 35'654'568 7.09 (9'774'660) 04.02.2013 Investment Advisor
CALEDONIA INVESTMENT n/a EXCH 33'423'489 6.65 1'908'496 22.05.2012 Investment Advisor
MAPLE-BROWN ABBOTT L n/a EXCH 30'987'756 6.16 (5'414'946) 05.12.2012 Investment Advisor
UBS n/a ULT-AGG 27'482'518 5.46 - 30.01.2013 Unclassified
AMP LTD n/a EXCH 26'113'663 5.19 - 13.02.2013 Insurance Company
NIKKO ASSET MANAGEME n/a ULT-AGG 25'314'189 5.03 (699) 18.06.2012 Unclassified
PARADICE INVESTMENT n/a EXCH 25'125'874 5 - 09.10.2012 Investment Advisor
BNP PARIBAS INVESTME n/a EXCH 25'063'313 4.98 147'006 23.07.2012 Investment Advisor
SUMITOMO MITSUI TRUS n/a ULT-AGG 24'778'901 4.93 (750'515) 24.09.2012 Bank
IDAMENEO (NO 122) PT n/a Co File 23'656'866 4.7 - 19.09.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 15'733'314 3.13 (15'112'878) 09.11.2012 Bank
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 13'161'069 2.62 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'082'054 1.01 75'751 31.12.2012 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 4'012'606 0.8 - 31.12.2012 Investment Advisor
MACKENZIE FINANCIAL Multiple Portfolios MF-AGG 3'635'706 0.72 (193'882) 30.11.2012 Investment Advisor
HARRIS ASSOCIATES LP Multiple Portfolios MF-AGG 2'985'900 0.59 (2'132'500) 31.12.2012 Investment Advisor
ABTOURK SYD 391 PTY n/a Co File 2'855'086 0.57 - 19.09.2012 n/a
ARGO INVESTMENTS LTD n/a Co File 2'823'947 0.56 - 19.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs IAN ABBOTT neutral/neutral 3 M 5 12 month 25.02.2013
Nomura DAVID STANTON neutral 3 M 4 Not Provided 25.02.2013
Wilson HTM Investment Group SHANE STOREY hold 3 D 5 Not Provided 19.02.2013
JPMorgan STEVEN D WHEEN neutral 3 M 5 9 month 07.02.2013
BBY Limited DENNIS HULME underperform 1 M 4 12 month 07.02.2013
Deutsche Bank DAVID A LOW buy 5 M 5 12 month 06.02.2013
Morgan Stanley SEAN LAAMAN Overwt/Cautious 5 M 5 12 month 06.02.2013
Credit Suisse SAUL HADASSIN neutral 3 M 5 Not Provided 06.02.2013
Macquarie CRAIG COLLIE underperform 1 M 3 12 month 06.02.2013
CIMB DEREK JELLINEK outperform 5 M 5 12 month 06.02.2013
Commonwealth Bank BRUCE DU neutral 3 D 5 12 month 06.02.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd LOU CAPPARELLI Positive 4 M #N/A N/A Not Provided 14.11.2012
Bell Potter STUART ROBERTS accumulate 4 N 4 12 month 01.08.2011
Holdings By:
Primary Health Care Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Downer EDI Limited provides engineering and infrastructure management services
to the public and private rail, road, power, telecommunications, mining and
resources sectors in Australia, New Zealand, Asia and the Pacific. Downer
provides rolling stock services, drilling services for the exploration industry,
mine planning and management services and highway maintenance.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (14.02.2013) 5.66
52-Week Low (26.07.2012) 2.89
Daily Volume
5.39
52-Week High % Change -4.77% Dividend Yield 1.86
52-Week Low % Change 86.51% Beta 1.16
% 52 Week Price Range High/Low 87.73% Equity Float 383.42
Shares Out 31.12.2012 429.1 Short Int -
2'312.85 1 Yr Total Return 39.28%
Total Debt 618.91 YTD Return 33.09%
Preferred Stock 0.0 Adjusted BETA 1.161
Minority Interest (0.0) Analyst Recs 16
Cash and Equivalents 296.69 Consensus Rating 4.250
Enterprise Value 2'686.04
Average Volume 5 Day 2'990'444
DOW AT EQUITY YTD Change - Average Volume 30 Day 2'504'235
DOW AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'797'494
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
5'434.5 5'834.7 5'779.6 6'408.9 7'903.9 - - 9'040.3 9'137.9 - -
0.47x 0.40x 0.30x 0.32x 0.21x - - 0.29x 0.28x - -
370.0 429.4 424.7 455.1 550.3 - - 676.9 706.1 - -
6.90x 5.46x 4.03x 4.47x 3.03x - - 3.97x 3.80x - -
165.8 189.4 3.0 (27.8) 112.8 - - 213.4 234.7 - -
14.34x 9.65x - - 12.52x - - 11.05x 10.00x - -
EBITDA 550.29 Long-Term Rating Date -
EBIT 303.12 Long-Term Rating -
Operating Margin 3.84% Long-Term Outlook -
Pretax Margin 2.40% Short-Term Rating Date -
Return on Assets 3.07% Short-Term Rating -
Return on Common Equity 7.55%
Return on Capital 7.25% EBITDA/Interest Exp. 6.69
Asset Turnover 2.18% (EBITDA-Capex)/Interest Exp. 2.14
Net Debt/EBITDA 0.62
Gross Margin 97.4% Total Debt/EBITDA 0.98
EBITDA Margin 6.9%
EBIT Margin 3.7% Total Debt/Equity 38.3%
Net Income Margin 1.4% Total Debt/Capital 27.7%
Asset Turnover 2.18
Current Ratio 1.14 Net Fixed Asset Turnover 7.65
Quick Ratio 0.47 Accounts receivable turnover-days 62.10
Debt to Assets 15.05% Inventory Days -
Tot Debt to Common Equity 38.26% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.89 Cash Conversion Cycle -175.53
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Downer EDI LtdPrice/Volume
Valuation Analysis
2'164'967.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
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1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
9'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
.-&--
./&--
.1&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 23'634'302 5.51 (2'625'273) 07.09.2012 Bank
VINVA INVESTMENT MGM n/a EXCH 22'716'006 5.29 - 21.11.2012 Investment Advisor
DIMENSIONAL FUND ADV n/a EXCH 21'637'937 5.04 686'626 12.02.2013 Investment Advisor
AXA n/a EXCH 21'492'483 5.01 - 20.09.2012 Investment Advisor
PARADICE INVESTMENT n/a EXCH 21'389'910 4.98 (563'111) 30.08.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 21'258'120 4.95 (535'351) 18.12.2012 Bank
FRANKLIN RESOURCES n/a ULT-AGG 21'182'234 4.94 (5'084'819) 06.02.2012 Investment Advisor
JCP INVESTMENT PARTN n/a EXCH 20'358'465 4.74 (1'478'173) 01.02.2013 Investment Advisor
UBS n/a ULT-AGG 19'640'400 4.58 (2'262'438) 17.01.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 7'267'976 1.69 - 31.07.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 4'934'640 1.15 (535'461) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'645'785 1.08 59'311 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 4'233'577 0.99 - 30.06.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 3'203'545 0.75 - 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 2'464'875 0.57 (71'625) 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 2'448'015 0.57 - 30.06.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 2'392'527 0.56 - 30.06.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'152'759 0.5 (18'092) 30.09.2012 Mutual Fund Manager
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 1'574'634 0.37 1'360'834 30.09.2012 Investment Advisor
SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 1'286'250 0.3 - 30.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Octa Phillip Securities Ltd CONOR O'PREY buy 5 M 6 Not Provided 18.02.2013
Macquarie JOHN PURTELL outperform 5 M 6 12 month 15.02.2013
Commonwealth Bank BEN BROWNETTE underweight 1 M 5 12 month 15.02.2013
Deutsche Bank CRAIG WONGPAN buy 5 M 6 12 month 14.02.2013
Morgan Stanley NICHOLAS ROBISON Overwt/In-Line 5 M 6 12 month 14.02.2013
Goldman Sachs NATHAN REILLY neutral/attractive 3 M 6 12 month 14.02.2013
RBC Capital Markets HEATH ANDREWS outperform 5 M 6 12 month 14.02.2013
Credit Suisse BRADLEY CLIBBORN neutral 3 M 6 Not Provided 14.02.2013
JPMorgan ANTHONY PASSE-DE SILVA neutral 3 D 5 9 month 14.02.2013
CIMB ANDREW HODGE outperform 5 M 6 12 month 14.02.2013
Nomura SIMON THACKRAY neutral 3 D 6 Not Provided 14.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 15.01.2013
Moelis & Company SIMON FITZGERALD buy 5 U 4 12 month 16.08.2012
Holdings By:
Downer EDI Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Monadelphous Group Limited provides engineering and construction services to the
resources and petrochemical industries. The Company provides mining and
processing industry maintenance, mining equipment refurbishment, process plant
maintenance, project management and construction, labor and plant equipment
hire, mill reline services and airport ground handling services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (18.02.2013) 28.48
52-Week Low (21.05.2012) 18.81
Daily Volume
24.59
52-Week High % Change -13.66% Dividend Yield 5.57
52-Week Low % Change 30.73% Beta 1.06
% 52 Week Price Range High/Low 62.98% Equity Float 81.57
Shares Out 31.12.2012 90.7 Short Int -
2'229.42 1 Yr Total Return 9.62%
Total Debt 50.62 YTD Return 0.70%
Preferred Stock 0.0 Adjusted BETA 1.056
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 203.56 Consensus Rating 2.563
Enterprise Value 2'103.08
Average Volume 5 Day 1'075'795
MND AT EQUITY YTD Change - Average Volume 30 Day 585'267
MND AT EQUITY YTD % CHANGE - Average Volume 3 Month 509'210
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
954.0 1'122.5 1'275.4 1'443.9 1'897.5 - - 2'562.7 2'622.0 - -
1.05x 0.80x 0.77x 1.03x 0.94x - - 0.81x 0.78x - -
100.8 114.0 127.2 153.1 195.2 - - 250.1 255.1 - -
9.98x 7.86x 7.70x 9.68x 9.15x - - 8.41x 8.24x - -
69.5 74.2 83.2 95.1 137.3 - - 158.4 160.1 - -
15.79x 13.60x 13.15x 16.91x 14.08x - - 14.02x 13.96x - -
EBITDA 195.16 Long-Term Rating Date -
EBIT 165.08 Long-Term Rating -
Operating Margin 8.70% Long-Term Outlook -
Pretax Margin 9.87% Short-Term Rating Date -
Return on Assets 22.83% Short-Term Rating -
Return on Common Equity 64.00%
Return on Capital 53.47% EBITDA/Interest Exp. 56.62
Asset Turnover 3.32% (EBITDA-Capex)/Interest Exp. 40.79
Net Debt/EBITDA -0.55
Gross Margin 11.7% Total Debt/EBITDA 0.27
EBITDA Margin 10.0%
EBIT Margin 8.6% Total Debt/Equity 20.6%
Net Income Margin 7.2% Total Debt/Capital 17.1%
Asset Turnover 3.32
Current Ratio 1.26 Net Fixed Asset Turnover 17.18
Quick Ratio 1.02 Accounts receivable turnover-days 35.18
Debt to Assets 7.32% Inventory Days 19.10
Tot Debt to Common Equity 20.61% Accounts Payable Turnover Day 46.81
Accounts Receivable Turnover 10.40 Cash Conversion Cycle 32.35
Inventory Turnover 19.17
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Monadelphous Group LtdPrice/Volume
Valuation Analysis
657'203.00
Current Price (2/dd/yy) Market Data
-
2
.-
.2
/-
/2
0-
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&2 9
.&- 9
.&2 9
/&- 9
/&2 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MONDRIAN INVESTMENT n/a EXCH 5'506'240 6.07 993'327 07.09.2012 Hedge Fund Manager
VELLETRI ROBERT n/a EXCH 2'500'000 2.76 250'000 12.09.2012 n/a
THORNEY HOLDINGS PTY n/a Co File 2'115'000 2.33 - 17.09.2012 Investment Advisor
RUBINO CALOGERO GIOV n/a Co File 2'004'000 2.21 - 20.08.2012 n/a
BLACKROCK n/a ULT-AGG 1'382'205 1.52 - 25.02.2013 Investment Advisor
DENVER INVESTMENT AD DENVER INVESTMENT AD 13F 1'347'836 1.49 1'347'836 31.12.2012 Investment Advisor
WILMAR ENTERPRISES P n/a Co File 1'320'000 1.46 - 20.08.2012 Other
VANGUARD GROUP INC Multiple Portfolios MF-AGG 879'550 0.97 17'428 31.12.2012 Investment Advisor
SUMITOMO MITSUI ASSE Multiple Portfolios MF-AGG 708'950 0.78 (250) 14.08.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 635'263 0.7 38'222 30.09.2012 Mutual Fund Manager
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 604'036 0.67 142'028 31.10.2012 Investment Advisor
TOLLMAN IRWIN n/a EXCH 577'586 0.64 (90'000) 05.12.2012 n/a
FOTI DINO n/a Co File 556'816 0.61 - 30.06.2012 n/a
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 502'593 0.55 - 31.12.2012 Investment Advisor
MELVILLE MABS n/a Co File 430'000 0.47 - 17.09.2012 n/a
ERDASH ARIF n/a Co File 405'000 0.45 - 30.06.2012 n/a
TIGA TRADING PTY LTD n/a Co File 400'000 0.44 - 17.09.2012 Venture Capital
AMP LIFE LTD n/a Co File 354'130 0.39 - 17.09.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 351'540 0.39 - 31.07.2012 Investment Advisor
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 346'768 0.38 329'029 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
CIMB ANDREW HODGE outperform 5 U 28 12 month 22.02.2013
Macquarie RIKKI BANNAN neutral 3 D 25 12 month 20.02.2013
Deutsche Bank CRAIG WONGPAN sell 1 D 22 12 month 19.02.2013
Morgan Stanley NICHOLAS ROBISON Equalwt/In-Line 3 D 26 12 month 19.02.2013
Goldman Sachs NATHAN REILLY neutral/attractive 3 M 25 12 month 19.02.2013
JPMorgan ANTHONY PASSE-DE SILVA underweight 1 M 20 9 month 19.02.2013
Hartleys TRENT BARNETT neutral 3 M 24 12 month 19.02.2013
Nomura DANIEL PORTER reduce 2 D 22 Not Provided 19.02.2013
Bell Potter JOHN O'SHEA hold 3 M 25 12 month 19.02.2013
E.L. & C. Baillieu ROB CRAIGIE hold 3 N 25 12 month 23.01.2013
EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 17.01.2013
Paterson Securities DAVID GIBSON buy 5 M 26 12 month 20.11.2012
Moelis & Company ADAM S MICHELL hold 3 M 19 12 month 22.07.2011
Holdings By:
Monadelphous Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Ansell Limited provides health and safety protection solutions. The Company
has operations in North America, Latin America, EMEA and Asia. Ansell holds
positions in the industrial and medical gloves market, as well as in the sexual
health and well being category worldwide.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 17.49
52-Week Low (25.07.2012) 12.76
Daily Volume
15.7
52-Week High % Change -10.23% Dividend Yield 2.32
52-Week Low % Change 23.04% Beta 0.68
% 52 Week Price Range High/Low 62.79% Equity Float 128.78
Shares Out 31.12.2012 130.8 Short Int -
2'054.13 1 Yr Total Return 12.10%
Total Debt 300.90 YTD Return 3.48%
Preferred Stock 0.0 Adjusted BETA 0.678
Minority Interest 14.1 Analyst Recs 13
Cash and Equivalents 245.80 Consensus Rating 3.000
Enterprise Value 2'261.23
Average Volume 5 Day 992'947
ANN AT EQUITY YTD Change - Average Volume 30 Day 921'113
ANN AT EQUITY YTD % CHANGE - Average Volume 3 Month 753'581
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
1'244.7 1'360.6 1'230.6 1'219.8 1'218.3 - - 1'361.3 1'497.3 - -
1.13x 0.98x 1.47x 1.55x 1.47x - - 1.69x 1.49x - -
164.0 177.1 164.8 155.2 158.4 - - 189.7 219.0 - -
8.59x 7.54x 10.94x 12.15x 11.32x - - 11.92x 10.33x - -
102.6 121.4 119.4 122.7 130.0 - - 134.4 154.8 - -
12.53x 9.83x 14.65x 15.32x 13.32x - - 15.44x 13.34x - -
EBITDA 158.40 Long-Term Rating Date 09.11.2007
EBIT 136.50 Long-Term Rating BBB-
Operating Margin 11.20% Long-Term Outlook STABLE
Pretax Margin 11.86% Short-Term Rating Date 08.02.2005
Return on Assets 8.34% Short-Term Rating NR
Return on Common Equity 17.11%
Return on Capital 11.87% EBITDA/Interest Exp. 16.33
Asset Turnover 0.87% (EBITDA-Capex)/Interest Exp. 12.56
Net Debt/EBITDA -
Gross Margin 41.1% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 10.4% Total Debt/Equity 42.6%
Net Income Margin 10.7% Total Debt/Capital 29.5%
Asset Turnover 0.87
Current Ratio 2.62 Net Fixed Asset Turnover 7.72
Quick Ratio 1.66 Accounts receivable turnover-days 58.65
Debt to Assets 22.32% Inventory Days 119.65
Tot Debt to Common Equity 42.58% Accounts Payable Turnover Day 85.96
Accounts Receivable Turnover 6.24 Cash Conversion Cycle 85.24
Inventory Turnover 3.06
Fiscal Year Ended
Ansell LtdPrice/Volume
Valuation Analysis
789'179.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-/135
.-
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/&- 9
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0&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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/-&--
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0-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
M&G INVESTMENT MANAG n/a Co File 23'973'737 18.32 - 31.07.2012 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 10'501'538 8.03 2'248'797 31.01.2013 Unclassified
PERPETUAL LTD n/a EXCH 7'090'910 5.42 (1'375'873) 08.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 6'406'376 4.9 (1'947'499) 25.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'706'930 2.07 213'259 31.12.2012 Investment Advisor
PACIFIC LIFE INSURAN Multiple Portfolios MF-AGG 1'801'172 1.38 146'051 31.01.2013 Insurance Company
MACQUARIE GROUP LTD n/a ULT-AGG 1'279'027 0.98 65'255 31.08.2011 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 1'108'500 0.85 - 31.07.2012 Investment Advisor
AMP LIFE LTD n/a Co File 900'849 0.69 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 705'420 0.54 (5'496) 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD n/a Co File 665'685 0.51 - 31.07.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 639'692 0.49 - 31.07.2012 Investment Advisor
MIRRABOOKA INVESTMEN n/a Co File 570'000 0.44 - 31.07.2012 Investment Advisor
AVENTEOS INVESTMENTS n/a Co File 380'748 0.29 - 31.07.2012 n/a
AMERICAN CENTURY COM Multiple Portfolios MF-AGG 282'514 0.22 43'627 31.12.2012 Investment Advisor
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 281'032 0.21 (17'800) 31.12.2012 Investment Advisor
TRANSAMERICA INVESTM Multiple Portfolios MF-AGG 276'315 0.21 125'665 31.12.2012 Investment Advisor
JILLA RUSTOM F n/a Co File 224'957 0.17 - 30.06.2012 n/a
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 223'183 0.17 - 31.12.2012 Investment Advisor
AMCIL LTD Multiple Portfolios MF-AGG 214'000 0.16 - 29.06.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie CRAIG COLLIE neutral 3 D 16 12 month 14.02.2013
Deutsche Bank DAVID A LOW hold 3 M 15 12 month 13.02.2013
Morgan Stanley JAMES RUTLEDGE Equalwt/Cautious 3 M 15 12 month 13.02.2013
Goldman Sachs IAN ABBOTT neutral/neutral 3 D 16 12 month 13.02.2013
JPMorgan STEVEN D WHEEN neutral 3 M 14 9 month 13.02.2013
CIMB DEREK JELLINEK neutral 3 M 15 12 month 13.02.2013
Commonwealth Bank BRUCE DU neutral 3 M 15 12 month 13.02.2013
Nomura ZARA LYONS neutral 3 M 16 Not Provided 13.02.2013
EVA Dimensions ANDREW S ZAMFOTIS hold 3 M #N/A N/A Not Provided 15.01.2013
Bell Potter STUART ROBERTS buy 5 N 17 12 month 01.08.2011
Holdings By:
Ansell Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
OZ Minerals Ltd. is an Australian based mining company with a focus on copper.
The Company owns and operates the Prominent Hill copper-gold mine and the
Carrapateena copper-gold project located in South Australia and has a number of
equity interests in listed resource companies.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 11.12
52-Week Low (05.09.2012) 6.00
Daily Volume
6.49
52-Week High % Change -41.64% Dividend Yield 4.62
52-Week Low % Change 8.17% Beta 1.51
% 52 Week Price Range High/Low 11.52% Equity Float 298.43
Shares Out 31.12.2012 303.5 Short Int -
1'969.52 1 Yr Total Return -38.34%
Total Debt 0.00 YTD Return -0.38%
Preferred Stock 0.0 Adjusted BETA 1.515
Minority Interest 0.0 Analyst Recs 23
Cash and Equivalents 659.00 Consensus Rating 3.130
Enterprise Value 1'310.52
Average Volume 5 Day 2'660'392
OZL AT EQUITY YTD Change - Average Volume 30 Day 2'271'677
OZL AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'917'737
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
0.0 608.5 1'128.4 1'115.9 985.7 - - 954.6 1'016.2 - -
- 4.47x 3.75x 2.02x 1.39x - - 1.46x 1.26x - -
222.3 491.5 686.1 519.9 320.8 - - 269.3 315.8 - -
- 5.53x 6.17x 4.34x 4.28x - - 4.87x 4.15x - -
(2'501.7) (517.3) 586.9 274.5 152.0 - - 92.1 119.8 - -
- 118.00x 10.00x 12.10x 13.54x - - 21.78x 16.39x - -
EBITDA 320.80 Long-Term Rating Date -
EBIT 165.90 Long-Term Rating -
Operating Margin 16.83% Long-Term Outlook -
Pretax Margin 20.20% Short-Term Rating Date -
Return on Assets 4.98% Short-Term Rating -
Return on Common Equity 5.45%
Return on Capital 5.45% EBITDA/Interest Exp. -
Asset Turnover 0.32% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -2.03
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin 33.0%
EBIT Margin 16.8% Total Debt/Equity 0.0%
Net Income Margin 15.4% Total Debt/Capital 0.0%
Asset Turnover 0.32
Current Ratio 8.65 Net Fixed Asset Turnover 0.76
Quick Ratio 7.02 Accounts receivable turnover-days 43.76
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.36 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
OZ Minerals LtdPrice/Volume
Valuation Analysis
3'923'958.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
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3&- 9
4&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
M&G INVESTMENT MANAG n/a EXCH 54'627'450 18 1'912'058 02.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 36'369'640 11.98 (3'300'240) 25.02.2013 Investment Advisor
VANGUARD GROUP INC n/a EXCH 18'800'000 6.2 - 29.03.2012 Investment Advisor
VINVA INVESTMENT MGM n/a EXCH 15'237'715 5.02 (169'556) 15.01.2013 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 6'285'768 2.07 2'289'269 14.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'091'445 1.02 957'090 31.08.2011 Investment Advisor
ROMADAK PTY LTD n/a Co File 3'066'123 1.01 - 22.03.2012 Unclassified
QUEENSLAND INVESTMEN n/a Co File 1'887'411 0.62 - 22.03.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'704'692 0.56 72'252 30.09.2012 Mutual Fund Manager
AMP LTD n/a Co File 1'295'888 0.43 - 22.03.2012 Insurance Company
BOND STREET CUSTODIA n/a Co File 866'467 0.29 - 22.03.2012 Other
MEDEIROS JOSE MANUEL n/a Co File 850'000 0.28 - 22.03.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 749'784 0.25 - 31.07.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 701'342 0.23 - 22.03.2012 Investment Advisor
SHIMMERING BRONZE PL n/a Co File 648'887 0.21 - 22.03.2012 Other
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 625'082 0.21 (269'141) 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 473'013 0.16 - 28.12.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 302'163 0.1 1'932 31.12.2012 Investment Advisor
FIRST TRUST n/a ULT-AGG 294'670 0.1 - 26.02.2013 Investment Advisor
SUMITOMO MITSUI TRUS n/a ULT-AGG 278'185 0.09 - 25.07.2012 Bank
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs IAN PRESTON sell/attractive 1 M 5 12 month 26.02.2013
Nomura DAVID RADCLYFFE buy 5 M 10 Not Provided 21.02.2013
Macquarie ANDREW SULLIVAN neutral 3 M 8 12 month 20.02.2013
BBY Limited MIKE HARROWELL strong buy 5 M 10 12 month 18.02.2013
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 18.02.2013
Blackswan Equities Ltd RHYS BRADLEY hold 3 D 8 12 month 18.02.2013
Deutsche Bank BRETT MCKAY sell 1 D 7 12 month 13.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 9 12 month 13.02.2013
Investec TIM GERRARD hold 3 M 8 12 month 13.02.2013
RBC Capital Markets GEOFF BREEN sector perform 3 M 8 12 month 13.02.2013
Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 9 Not Provided 13.02.2013
JPMorgan LYNDON FAGAN overweight 5 M 8 9 month 13.02.2013
CIMB PHILLIP CHIPPINDALE neutral 3 M 7 12 month 13.02.2013
Wilson HTM Investment Group CAMERON JUDD hold 3 M 9 Not Provided 13.02.2013
Commonwealth Bank ANDREW KNUCKEY neutral 3 M 9 12 month 13.02.2013
Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 07.02.2013
Bell Potter STUART HOWE sell 1 D 6 12 month 24.01.2013
BMO Capital Markets TEAM COVERAGE not rated #N/A N/A M #N/A N/A Not Provided 22.11.2012
E.L. & C. Baillieu ADRIAN PRENDERGAST hold 3 M 8 12 month 25.10.2012
Holdings By:
OZ Minerals Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Challenger Limited is an investment management firm The Company offers
annuities and other retirement income products as well as manages assets for
domestic and international clients.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.02.2012) 4.22
52-Week Low (20.11.2012) 2.95
Daily Volume
3.62
52-Week High % Change -14.22% Dividend Yield 4.97
52-Week Low % Change 22.71% Beta 1.05
% 52 Week Price Range High/Low 52.76% Equity Float 509.31
Shares Out 31.01.2013 537.1 Short Int -
1'944.24 1 Yr Total Return -6.94%
Total Debt 6'815.70 YTD Return 2.26%
Preferred Stock 0.0 Adjusted BETA 1.047
Minority Interest 352.3 Analyst Recs 17
Cash and Equivalents 1'159.60 Consensus Rating 3.706
Enterprise Value 7'952.64
Average Volume 5 Day 1'979'389
CGF AT EQUITY YTD Change - Average Volume 30 Day 2'316'730
CGF AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'204'390
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'465.0 1'673.8 1'634.7 1'526.5 1'387.7 - - 548.4 565.4 - -
8.27x 10.63x 6.69x 6.55x 5.57x - - 4.12x 3.73x - -
1'718.1 1'083.8 1'016.5 873.1 677.4 - - 352.5 363.5 - -
11.86x 16.42x 10.76x 11.46x 11.41x - - 22.56x 21.88x - -
(44.2) (90.7) 282.5 261.4 148.5 - - 301.6 307.9 - -
- - 6.54x 8.97x 11.28x - - 6.41x 6.17x - -
EBITDA 677.40 Long-Term Rating Date 19.03.2007
EBIT - Long-Term Rating BBB+
Operating Margin 16.85% Long-Term Outlook STABLE
Pretax Margin 11.13% Short-Term Rating Date -
Return on Assets 0.83% Short-Term Rating -
Return on Common Equity 9.34%
Return on Capital 1.74% EBITDA/Interest Exp. -
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 8.35
Gross Margin - Total Debt/EBITDA 10.06
EBITDA Margin 48.8%
EBIT Margin - Total Debt/Equity 402.8%
Net Income Margin 10.7% Total Debt/Capital 76.9%
Asset Turnover 0.08
Current Ratio - Net Fixed Asset Turnover 13.22
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 38.34% Inventory Days -
Tot Debt to Common Equity 402.77% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Challenger Ltd/AustraliaPrice/Volume
Valuation Analysis
2'231'555.00
Current Price (2/dd/yy) Market Data
-..//00112
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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3&- 9
5&- 9
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./&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2-&--
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0--&--
02-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
AUSBIL DEXIA LIMITED n/a EXCH 31'629'390 5.89 (1'995'015) 18.11.2011 Investment Advisor
CALEDONIA INVESTMENT n/a Co File 29'131'589 5.42 - 31.07.2012 Investment Advisor
UBS n/a ULT-AGG 27'468'181 5.11 (8'016'767) 21.11.2012 Unclassified
AMP LTD n/a EXCH 27'220'095 5.07 (265'725) 16.10.2012 Insurance Company
WESTPAC BANKING CORP n/a EXCH 27'153'586 5.06 (3'505'928) 20.07.2012 Bank
PARADICE INVESTMENT n/a EXCH 26'740'360 4.98 (6'522'311) 14.02.2013 Investment Advisor
IOOF HOLDINGS LTD n/a EXCH 25'814'364 4.81 (2'080'219) 10.01.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 23'674'034 4.41 (6'426'309) 13.02.2013 Bank
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 20'954'000 3.9 (336'000) 31.12.2012 Investment Advisor
CHALLENGER LIMITED n/a EXCH 12'323'728 2.29 - 29.11.2012 Corporation
STEVENS DOMINIC J n/a EXCH 6'867'555 1.28 - 17.02.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'584'244 1.04 5'597 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 3'490'198 0.65 (13'107) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'985'668 0.56 95'448 30.09.2012 Mutual Fund Manager
WIN TELEVISION NSW P n/a Co File 2'609'598 0.49 - 01.10.2012 Corporation
QIC LTD n/a Co File 2'574'036 0.48 - 01.10.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 2'355'719 0.44 (96'625) 31.12.2012 Investment Advisor
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 2'297'670 0.43 - 31.12.2012 Investment Advisor
BENARI BRIAN ROLAND n/a EXCH 1'944'019 0.36 350'000 30.09.2012 n/a
FMR LLC n/a ULT-AGG 1'819'565 0.34 360'881 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan ISMAR TUZOVIC neutral 3 M 4 9 month 08.02.2013
Commonwealth Bank ROSS CURRAN underweight 1 M 3 12 month 07.02.2013
Macquarie TIM LAWSON outperform 5 M 4 12 month 06.02.2013
BBY Limited BRETT LE MESURIER underperform 1 M 3 12 month 04.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 4 12 month 21.01.2013
Bell Potter LAFITANI SOTIRIOU buy 5 M 4 12 month 18.01.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 17.01.2013
Morgan Stanley ARVID STREIMANN Overwt/In-Line 5 M 4 12 month 11.01.2013
Nomura ANTHONY HOO buy 5 M 5 Not Provided 11.01.2013
Credit Suisse DAVID BAILEY outperform 5 M 5 Not Provided 09.01.2013
Deutsche Bank KIEREN CHIDGEY buy 5 M 5 12 month 07.01.2013
CIMB RICHARD COLES outperform 5 M 4 12 month 26.11.2012
E.L. & C. Baillieu NICK CALEY buy 5 M 6 12 month 20.08.2012
Holdings By:
Challenger Ltd/Australia ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Spark Infrastructure Group invests in utility infrastructure assets in
Australia.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (17.01.2013) 1.80
52-Week Low (01.03.2012) 1.33
Daily Volume
1.675
52-Week High % Change -6.94% Dividend Yield 6.27
52-Week Low % Change 26.42% Beta 0.56
% 52 Week Price Range High/Low 70.53% Equity Float 1'140.48
Shares Out 30.06.2012 1'326.7 Short Int -
2'222.28 1 Yr Total Return 28.81%
Total Debt 966.75 YTD Return 0.30%
Preferred Stock 0.0 Adjusted BETA 0.555
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 32.90 Consensus Rating 4.154
Enterprise Value 3'145.86
Average Volume 5 Day 7'510'057
SKI AT EQUITY YTD Change - Average Volume 30 Day 5'613'631
SKI AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'681'182
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
92.8 85.8 87.2 84.2 - - - 321.9 339.7 - -
32.14x 35.74x 28.28x 32.77x - - - 9.70x 9.10x - -
63.1 73.1 63.7 22.4 - - - 439.5 470.2 - -
47.22x 41.95x 38.70x 123.37x - - - 7.16x 6.69x - -
9.5 122.5 80.9 82.6 173.9 - - 201.3 221.4 - -
138.30x 11.47x 15.34x 22.11x 12.75x - - 10.47x 9.63x - -
EBITDA 22.36 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 15.68% Long-Term Outlook -
Pretax Margin 147.77% Short-Term Rating Date -
Return on Assets 6.85% Short-Term Rating -
Return on Common Equity 11.80%
Return on Capital 8.41% EBITDA/Interest Exp. -
Asset Turnover 0.03% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 72.5%
Net Income Margin 98.1% Total Debt/Capital 42.0%
Asset Turnover 0.03
Current Ratio - Net Fixed Asset Turnover 566.08
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 41.74% Inventory Days -
Tot Debt to Common Equity 72.48% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Spark Infrastructure GroupPrice/Volume
Valuation Analysis
11'010'500.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
---.....///
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.-&- 9
.2&- 9
/-&- 9
/2&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
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.1&--
.3&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
FMR LLC n/a ULT-AGG 122'464'270 9.23 21'731'226 30.09.2012 Investment Advisor
CHEUNG KONG INFRASTR n/a Co File 113'188'473 8.53 - 31.03.2012 Corporation
LAZARD ASSET MANAGEM n/a ULT-AGG 79'896'727 6.02 (13'390'775) 26.11.2012 Unclassified
MACQUARIE GROUP LTD n/a ULT-AGG 79'676'947 6.01 - 17.08.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 67'504'061 5.09 - 12.11.2012 Bank
RARE INFRASTRUCTURE n/a EXCH 60'989'762 4.6 (9'100'000) 07.09.2012 Other
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 18'818'884 1.42 435'844 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'486'616 1.02 162'348 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 13'297'065 1 - 31.03.2012 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 11'602'130 0.87 - 31.03.2012 Private Equity
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'919'250 0.67 573'814 30.09.2012 Mutual Fund Manager
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 8'188'088 0.62 27'300 31.12.2012 Investment Advisor
NUVEEN ASSET MANAGEM Multiple Portfolios MF-AGG 7'613'259 0.57 1'855'583 21.02.2013 Investment Advisor
AUSTRALIAN REWARD IN n/a Co File 7'521'675 0.57 - 31.03.2012 Investment Advisor
GOLDMAN SACHS ASSET Multiple Portfolios MF-AGG 6'980'536 0.53 (1'844'499) 28.09.2012 Mutual Fund Manager
LAZARD GLOBAL ACTIVE Multiple Portfolios MF-AGG 6'891'276 0.52 343'226 31.01.2013 Investment Advisor
BROOKFIELD INVESTMEN Multiple Portfolios MF-AGG 6'881'800 0.52 (506'400) 28.09.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 6'751'213 0.51 - 31.07.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 5'431'998 0.41 (7'536'373) 30.06.2012 Investment Advisor
AMP LIFE LTD n/a Co File 5'228'342 0.39 - 31.03.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie IAN MYLES outperform 5 U 2 12 month 26.02.2013
Deutsche Bank HUGH MORGAN buy 5 M 2 12 month 25.02.2013
RBC Capital Markets PAUL A JOHNSTON outperform 5 M 2 12 month 25.02.2013
Credit Suisse BENJAMIN MCVICAR neutral 3 M 2 Not Provided 25.02.2013
JPMorgan CHRIS LAYBUTT overweight 5 M 2 9 month 25.02.2013
Commonwealth Bank WILLIAM ALLOTT neutral 3 D 2 12 month 25.02.2013
Goldman Sachs ANDREW MCCUSKER neutral/neutral 3 M 2 12 month 18.01.2013
EVA Dimensions AUSTIN BURKETT buy 5 M #N/A N/A Not Provided 17.01.2013
E.L. & C. Baillieu MATHAN SOMASUNDARAM buy 5 M 2 12 month 10.12.2012
Evans & Partners Pty Ltd TONY WILSON Positive 4 U #N/A N/A Not Provided 13.09.2012
Holdings By:
Spark Infrastructure Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
carsales.com owns and operates a portfolio of automotive and related industry
websites, including an automotive classifieds website.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 9.17
52-Week Low (08.03.2012) 4.97
Daily Volume
9.01
52-Week High % Change -1.74% Dividend Yield 2.72
52-Week Low % Change 81.33% Beta 0.86
% 52 Week Price Range High/Low 93.81% Equity Float 190.26
Shares Out 27.02.2013 235.8 Short Int -
2'124.41 1 Yr Total Return 81.58%
Total Debt 0.00 YTD Return 22.75%
Preferred Stock 0.0 Adjusted BETA 0.859
Minority Interest 0.0 Analyst Recs 17
Cash and Equivalents 40.94 Consensus Rating 3.412
Enterprise Value 2'083.31
Average Volume 5 Day 669'555
CRZ AT EQUITY YTD Change - Average Volume 30 Day 966'015
CRZ AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'068'902
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
71.9 95.9 120.6 152.5 184.2 - - 218.2 250.6 - -
- - 9.06x 7.01x 7.39x - - 9.49x 8.16x - -
28.4 43.5 64.6 84.0 101.3 - - 119.4 139.4 - -
- - 16.93x 12.72x 13.44x - - 17.45x 14.95x - -
18.7 30.7 43.2 58.3 71.6 - - 83.2 97.8 - -
- - 25.59x 18.80x 19.61x - - 25.31x 21.66x - -
EBITDA 101.30 Long-Term Rating Date -
EBIT 97.96 Long-Term Rating -
Operating Margin 53.18% Long-Term Outlook -
Pretax Margin 53.86% Short-Term Rating Date -
Return on Assets 51.07% Short-Term Rating -
Return on Common Equity 62.59%
Return on Capital - EBITDA/Interest Exp. 3267.71
Asset Turnover 1.33% (EBITDA-Capex)/Interest Exp. 3087.58
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 52.6% Total Debt/Equity 0.0%
Net Income Margin 38.9% Total Debt/Capital 0.0%
Asset Turnover 1.33
Current Ratio 2.16 Net Fixed Asset Turnover 39.65
Quick Ratio 2.01 Accounts receivable turnover-days 48.77
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 7.51 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
carsales.com LtdPrice/Volume
Valuation Analysis
307'185.00
Current Price (2/dd/yy) Market Data
-./0123456
.-
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0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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0-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HYPERION ASSET MANAG n/a EXCH 29'403'199 12.47 2'920'451 12.04.2012 Investment Advisor
WILSON HTM INVESTMEN n/a Co File 28'774'328 12.2 - 30.05.2012 Investment Advisor
FMR LLC n/a ULT-AGG 20'560'793 8.72 2'943'113 18.01.2013 Investment Advisor
PISCIOTTA WALTER n/a EXCH 15'940'262 6.76 (1'180'042) 04.10.2012 n/a
ARNHEM INVESTMENT MA n/a Co File 13'995'262 5.94 - 30.05.2012 Other
AUSTRALIA & NEW ZEAL n/a EXCH 11'903'485 5.05 - 10.04.2012 Bank
JCP INVESTMENT PARTN n/a EXCH 11'705'059 4.96 (174'364) 06.02.2013 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 11'650'483 4.94 (120'487) 31.07.2012 Bank
COMMONWEALTH BANK OF n/a EXCH 11'606'943 4.92 (445'145) 24.02.2012 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 11'515'228 4.88 (1'729'140) 31.01.2013 Bank
BNP PARIBAS INVESTME n/a EXCH 11'476'795 4.87 (1'982'216) 06.09.2012 Investment Advisor
PARADICE INVESTMENT n/a EXCH 11'393'017 4.83 (314'336) 10.07.2012 Investment Advisor
ROEBUCK GREGORY PAUL n/a EXCH 6'229'086 2.64 (280'082) 07.09.2012 n/a
DUX ROD n/a Co File 3'100'000 1.31 - 14.08.2012 n/a
KLOSS STEVEN ANTHONY n/a Co File 2'774'500 1.18 - 14.08.2012 n/a
AITKEN PETER n/a Co File 2'756'555 1.17 - 14.08.2012 n/a
GRANT TAYLOR n/a Co File 2'546'555 1.08 - 14.08.2012 n/a
ROBINSON BILL n/a Co File 2'492'000 1.06 - 14.08.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'097'940 0.89 35'442 31.12.2012 Investment Advisor
BRADY GEOFF n/a Co File 2'000'000 0.85 - 14.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley MARK GOODRIDGE Overwt/Cautious 5 M 9 12 month 26.02.2013
Ord Minnett NICHOLAS MCGARRIGLE hold 3 M 8 Not Provided 14.02.2013
Deutsche Bank DOMINIC ROSE hold 3 M 9 12 month 13.02.2013
Credit Suisse SAMANTHA CARLETON outperform 5 M 10 Not Provided 13.02.2013
Macquarie ANDREW LEVY neutral 3 M 8 12 month 13.02.2013
CIMB FRASER MCLEISH underperform 1 D 8 12 month 13.02.2013
BBY Limited MARK MCDONNELL underperform 1 M 9 12 month 13.02.2013
Wilson HTM Investment Group IVOR RIES hold 3 M 8 Not Provided 13.02.2013
Commonwealth Bank ALICE BENNETT neutral 3 M 9 12 month 13.02.2013
Nomura DANIEL BLAIR reduce 2 M 8 Not Provided 13.02.2013
Goldman Sachs CHRISTIAN GUERRA Buy/Cautious 5 M 9 12 month 31.01.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 M #N/A N/A Not Provided 17.01.2013
Moelis & Company TODD W GUYOT hold 3 M 9 12 month 10.01.2013
Evans & Partners Pty Ltd PETER STAMOULIS neutral 3 D #N/A N/A Not Provided 02.08.2012
Shaw Stockbroking SCOTT MARSHALL sell 1 D #N/A N/A Not Provided 10.10.2011
Holdings By:
carsales.com Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Australian Infrastructure Fund is an investment company incorporated in
Australia. The objective of the Fund is to provide yield to unit-holders and
sustained capital growth of investments. The Company mainly invests in unlisted
transport infrastructure assets, with airports comprising the majority of the
portfolio, but also investing in seaports, tollroads and rail businesses.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (24.08.2012) 3.26
52-Week Low (01.03.2012) 2.02
Daily Volume
3.12
52-Week High % Change -4.29% Dividend Yield -
52-Week Low % Change 54.46% Beta 0.75
% 52 Week Price Range High/Low 87.90% Equity Float 509.27
Shares Out 31.12.2012 620.7 Short Int -
1'936.69 1 Yr Total Return 57.90%
Total Debt 0.00 YTD Return 0.32%
Preferred Stock 0.0 Adjusted BETA 0.748
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 157.11 Consensus Rating 3.000
Enterprise Value 1'779.58
Average Volume 5 Day 3'248'753
AIX AT EQUITY YTD Change - Average Volume 30 Day 4'591'445
AIX AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'599'841
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
243.7 115.9 212.8 237.8 216.0 - - 90.9 91.3 - -
3.72x 5.55x 4.67x 4.68x 6.17x - - 20.45x 20.24x - -
- - - - - - - 134.2 180.4 - -
- - - - - - - 13.26x 9.87x - -
206.5 100.6 191.3 212.3 196.0 - - 159.7 170.1 - -
4.06x 5.13x 5.12x 5.61x 7.60x - - 11.14x 12.00x - -
EBITDA - Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 91.31% Long-Term Outlook -
Pretax Margin 91.31% Short-Term Rating Date -
Return on Assets 15.14% Short-Term Rating -
Return on Common Equity 15.85%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.18% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin 90.7% Total Debt/Capital 0.0%
Asset Turnover 0.18
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Australian Infrastructure FundPrice/Volume
Valuation Analysis
5'826'290.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 92&- 9.-&- 9.2&- 9/-&- 9/2&- 90-&- 902&- 91-&- 912&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
4-&--
5-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
UBS n/a ULT-AGG 57'856'295 9.32 7'496'923 27.11.2012 Unclassified
DEUTSCHE BANK AG n/a EXCH 46'615'971 7.51 - 29.01.2013 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 35'564'000 5.73 - 29.06.2012 Investment Advisor
MITSUBISHI UFJ FINAN n/a ULT-AGG 33'761'439 5.44 - 29.01.2013 Holding Company
MORGAN STANLEY AUSTR n/a EXCH 33'761'439 5.44 - 29.01.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 31'010'257 5 (49'688) 23.07.2012 Bank
JCP INVESTMENT PARTN n/a EXCH 30'967'771 4.99 (1'182'100) 30.07.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 30'318'728 4.88 (856'358) 31.12.2012 Investment Advisor
BANK OF AMERICA CORP n/a EXCH 20'787'597 3.35 (10'272'850) 07.01.2013 Investment Advisor
WESTPAC BANKING CORP n/a Co File 18'012'204 2.9 - 20.08.2012 Bank
AMP LIFE LTD n/a Co File 15'887'391 2.56 - 20.08.2012 Investment Advisor
AMP CAP CORE INFRAS n/a Co File 10'233'273 1.65 - 20.08.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'390'352 1.03 113'158 31.12.2012 Investment Advisor
MIRRABOOKA INVESTMEN n/a Co File 5'264'098 0.85 - 20.08.2012 Investment Advisor
DJERRIWARRH INVESTME n/a Co File 4'649'319 0.75 - 20.08.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'289'641 0.69 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'207'245 0.52 (26'993) 30.09.2012 Mutual Fund Manager
FRANK RUSSELL TRUST Multiple Portfolios MF-AGG 3'161'057 0.51 523'753 31.05.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 3'048'884 0.49 - 20.08.2012 Investment Advisor
DIVERSIFIED UNITED I n/a Co File 2'500'000 0.4 - 20.08.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs ANDREW MCCUSKER neutral/neutral 3 M 3 12 month 21.02.2013
Macquarie IAN MYLES restricted #N/A N/A M #N/A N/A Not Provided 29.01.2013
EVA Dimensions AUSTIN BURKETT buy 5 M #N/A N/A Not Provided 15.01.2013
Morgan Stanley SCOTT KELLY Equalwt/Cautious 3 M 3 12 month 13.01.2013
JPMorgan CAROLYN HOLMES underweight 1 M 3 3 month 12.12.2012
CIMB MICHAEL NEWBOLD underperform 1 D 3 12 month 12.12.2012
E.L. & C. Baillieu MATHAN SOMASUNDARAM hold 3 M 3 12 month 10.12.2012
BGC Partners TEAM COVERAGE buy 5 N #N/A N/A Not Provided 27.11.2012
Deutsche Bank CAMERON MCDONALD hold 3 M 3 12 month 24.08.2012
Evans & Partners Pty Ltd TONY WILSON Positive 4 M #N/A N/A Not Provided 23.08.2010
Holdings By:
Australian Infrastructure Fund ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Investa Office Fund is a real estate investment trust. The Fund is owner of
investment grade office buildings and receives rental income from a tenant
register comprising predominantly Government and blue chip tenants. The Group
invests in office property in Australia and Europe.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (04.02.2013) 3.16
52-Week Low (08.03.2012) 2.38
Daily Volume
3.09
52-Week High % Change -2.22% Dividend Yield -
52-Week Low % Change 29.69% Beta 0.69
% 52 Week Price Range High/Low 87.14% Equity Float 438.80
Shares Out 31.12.2012 614.0 Short Int -
1'897.41 1 Yr Total Return 33.07%
Total Debt 457.80 YTD Return 4.04%
Preferred Stock 0.0 Adjusted BETA 0.689
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 18.20 Consensus Rating 3.286
Enterprise Value 2'443.41
Average Volume 5 Day 2'480'982
IOF AT EQUITY YTD Change - Average Volume 30 Day 1'653'272
IOF AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'984'340
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
219.2 234.1 212.0 166.2 189.6 - - 193.6 199.9 - -
11.59x 7.83x 9.32x 12.79x 11.10x - - 12.63x 12.42x - -
142.9 158.9 144.1 113.8 133.0 - - 168.5 173.1 - -
17.77x 11.54x 13.72x 18.68x 15.82x - - 14.50x 14.12x - -
246.6 (764.2) 42.5 143.9 101.9 - - 137.0 139.4 - -
5.81x - 36.25x 17.57x 9.85x - - 14.05x 13.73x - -
EBITDA 133.00 Long-Term Rating Date 26.08.2012
EBIT 117.30 Long-Term Rating BBB+
Operating Margin 61.87% Long-Term Outlook STABLE
Pretax Margin 96.31% Short-Term Rating Date -
Return on Assets -0.64% Short-Term Rating -
Return on Common Equity -0.86%
Return on Capital -0.70% EBITDA/Interest Exp. 8.47
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. 5.54
Net Debt/EBITDA 3.93
Gross Margin - Total Debt/EBITDA 4.03
EBITDA Margin 70.1%
EBIT Margin - Total Debt/Equity 23.8%
Net Income Margin 53.7% Total Debt/Capital 19.2%
Asset Turnover 0.08
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 18.29% Inventory Days -
Tot Debt to Common Equity 23.76% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Investa Office FundPrice/Volume
Valuation Analysis
1'014'256.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
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/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
0.0
50.0
100.0
150.0
200.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 56'200'684 9.15 (14'645'696) 26.03.2012 Bank
ING GROEP NV n/a EXCH 56'064'307 9.13 (21'931'895) 12.04.2011 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 54'411'562 8.86 6'813'072 18.09.2012 Bank
MORGAN STANLEY n/a EXCH 45'597'778 7.43 6'749'328 20.11.2012 Other
MITSUBISHI UFJ FINAN n/a ULT-AGG 44'686'196 7.28 6'303'268 09.11.2012 Holding Company
CBRE CLARION SECURIT n/a EXCH 43'553'649 7.09 (10'307'607) 05.11.2012 Investment Advisor
VANGUARD INVESTMENTS n/a Co File 41'431'504 6.75 - 31.08.2011 Mutual Fund Manager
AMP LTD n/a EXCH 32'512'521 5.29 (1'059'884) 16.02.2012 Insurance Company
NATIONAL AUSTRALIA B n/a ULT-AGG 30'417'223 4.95 (982'965) 30.11.2012 Bank
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 23'563'688 3.84 (2'006'562) 08.05.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 9'793'922 1.59 (3'104'710) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 9'771'172 1.59 (1'095'087) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'654'790 1.25 208'072 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 6'918'403 1.13 - 25.02.2013 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 6'676'526 1.09 134'478 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 5'564'919 0.91 38'864 25.02.2013 Investment Advisor
ABN AMRO ASSET MGMT Multiple Portfolios MF-AGG 5'262'454 0.86 - 17.07.2012 Investment Advisor
NIKKO ASSET MANAGEME n/a ULT-AGG 3'689'799 0.6 3'334'624 01.02.2013 Unclassified
PRUDENTIAL FINANCIAL n/a ULT-AGG 3'073'302 0.5 210'900 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 2'942'075 0.48 - 20.01.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse JOHN LEE neutral 3 M 3 Not Provided 26.02.2013
Commonwealth Bank JAMES DRUCE neutral 3 M 3 12 month 26.02.2013
Macquarie PAUL CHECCHIN outperform 5 M 3 12 month 23.02.2013
Morgan Stanley TODD MCFARLANE Underwt/In-Line 1 M 3 12 month 22.02.2013
Goldman Sachs PETER ZUK neutral/neutral 3 M 3 12 month 22.02.2013
JPMorgan ROB STANTON underweight 1 M 3 12 month 22.02.2013
EVA Dimensions AUSTIN BURKETT buy 5 M #N/A N/A Not Provided 15.01.2013
Deutsche Bank JASON WEATE hold 3 U 3 12 month 31.10.2012
Moelis & Company RYAN FRANZ hold 3 M 3 12 month 06.09.2012
Holdings By:
Investa Office Fund ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
SP Ausnet owns and operates electricity transmission and electricity and gas
distribution assets in Victoria, Australia.
Latest Fiscal Year: 03/2012
LTM as of: 01/yy
52-Week High (06.02.2013) 1.21
52-Week Low (14.08.2012) 0.94
Daily Volume
1.18
52-Week High % Change -2.48% Dividend Yield 6.65
52-Week Low % Change 25.85% Beta 0.76
% 52 Week Price Range High/Low 79.81% Equity Float 1'635.09
Shares Out 19.12.2012 3'367.5 Short Int -
3'973.70 1 Yr Total Return 30.85%
Total Debt 4'538.50 YTD Return 6.31%
Preferred Stock 0.0 Adjusted BETA 0.764
Minority Interest 2'379.0 Analyst Recs 15
Cash and Equivalents 19.10 Consensus Rating 2.733
Enterprise Value 11'077.70
Average Volume 5 Day 5'660'131
SPN AT EQUITY YTD Change - Average Volume 30 Day 6'389'107
SPN AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'635'045
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 01/yy 01/yy 03/13 Y 03/14 Y - -
1'006.0 1'083.9 1'264.4 1'396.0 1'458.7 - - 1'653.7 1'745.8 - -
8.07x 7.60x 6.78x 6.51x 6.86x - - 6.66x 6.56x - -
632.1 665.2 763.6 867.2 911.7 - - 976.8 1'039.2 - -
12.84x 12.38x 11.23x 10.48x 10.98x - - 11.34x 10.66x - -
157.5 146.9 209.0 252.9 255.0 - - 277.2 293.8 - -
16.76x 13.02x 11.19x 9.58x 12.01x - - 13.88x 13.88x - -
EBITDA 911.70 Long-Term Rating Date -
EBIT 617.90 Long-Term Rating A-
Operating Margin 42.36% Long-Term Outlook STABLE
Pretax Margin 19.22% Short-Term Rating Date -
Return on Assets 3.09% Short-Term Rating -
Return on Common Equity 49.29%
Return on Capital 7.80% EBITDA/Interest Exp. 2.50
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. 0.60
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 46.7% Total Debt/Equity 826.8%
Net Income Margin 17.5% Total Debt/Capital 60.8%
Asset Turnover 0.17
Current Ratio 0.26 Net Fixed Asset Turnover 0.19
Quick Ratio 0.10 Accounts receivable turnover-days 73.17
Debt to Assets 51.98% Inventory Days -
Tot Debt to Common Equity 826.84% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.00 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
SP AusNetPrice/Volume
Valuation Analysis
3'193'703.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
.
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2&- 9
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/-&- 9
/2&- 9
0-&- 9
02&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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0&--
1&--
2&--
3&--
4&--
5&--
6&--
-0&-1&/--6 -0&.-&/--6 -0&-1&/-.- -0&.-&/-.- -0&-1&/-.. -0&.-&/-.. -0&-1&/-./ -0&.-&/-./
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
TEMASEK HOLDINGS PRI n/a ULT-AGG 1'719'034'093 51.05 (442'500) 20.06.2012 Government
ALLAN GRAY AUSTRALIA n/a EXCH 204'628'941 6.08 33'477'024 04.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 46'729'584 1.39 7'914 25.02.2013 Investment Advisor
ABERDEEN n/a ULT-AGG 41'226'208 1.22 1'739'079 31.01.2013 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 30'580'797 0.91 440'378 31.12.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 18'390'720 0.55 - 23.05.2012 Investment Advisor
COMMONWEALTH BANK OF Multiple Portfolios MF-AGG 17'709'129 0.53 (33'138) 31.10.2012 Bank
AMP LIFE LTD n/a Co File 12'337'237 0.37 - 23.05.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 11'780'482 0.35 829'355 30.09.2012 Mutual Fund Manager
AUSTRALIAN UNITED IN n/a Co File 10'000'000 0.3 - 23.05.2012 Investment Advisor
STATE STREET n/a ULT-AGG 7'142'492 0.21 - 26.02.2013 Investment Advisor
QUESTOR FINANCIAL SE n/a Co File 6'173'997 0.18 - 23.05.2012 Private Equity
INVESCO LTD Multiple Portfolios MF-AGG 5'612'437 0.17 (330'973) 26.02.2013 Investment Advisor
GOLDMAN SACHS ASSET Multiple Portfolios MF-AGG 4'179'994 0.12 (1'172'074) 28.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 3'801'231 0.11 (1'586'958) 31.12.2012 Investment Advisor
RUSSELL INVESTMENT M Multiple Portfolios MF-AGG 3'420'822 0.1 - 26.02.2013 Investment Advisor
SEI INVESTMENT MANAG Multiple Portfolios MF-AGG 2'888'841 0.09 122'879 31.01.2013 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 2'632'568 0.08 - 28.12.2012 Mutual Fund Manager
LAZARD GLOBAL ACTIVE Multiple Portfolios MF-AGG 2'472'568 0.07 - 31.01.2013 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'218'327 0.07 - 30.06.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Evans & Partners Pty Ltd TONY WILSON neutral 3 D #N/A N/A Not Provided 14.02.2013
Macquarie IAN MYLES neutral 3 D 1 12 month 13.02.2013
Morgan Stanley PHILIP BARE Overwt/In-Line 5 M 1 12 month 11.02.2013
RBC Capital Markets PAUL A JOHNSTON underperform 1 M 1 12 month 04.02.2013
Credit Suisse BENJAMIN MCVICAR neutral 3 M 1 Not Provided 31.01.2013
Goldman Sachs ANDREW MCCUSKER Sell/Neutral 1 M 1 12 month 18.01.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 17.01.2013
JPMorgan CHRIS LAYBUTT neutral 3 M 1 9 month 16.01.2013
Commonwealth Bank WILLIAM ALLOTT underweight 1 M 1 12 month 21.12.2012
E.L. & C. Baillieu MATHAN SOMASUNDARAM hold 3 M 1 12 month 10.12.2012
Deutsche Bank HUGH MORGAN hold 3 M 1 12 month 09.11.2012
Holdings By:
SP AusNet ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Aristocrat Leisure Limited manufactures and sells gaming machines in Australia
and internationally. The Company also supplies gaming systems, software, table
gaming equipment and other gaming related products and services to casinos,
clubs and hotels.
Latest Fiscal Year: 09/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 3.94
52-Week Low (02.08.2012) 2.29
Daily Volume
3.67
52-Week High % Change -6.85% Dividend Yield 2.18
52-Week Low % Change 60.26% Beta 1.10
% 52 Week Price Range High/Low 87.27% Equity Float 406.61
Shares Out 31.12.2012 551.4 Short Int -
2'023.70 1 Yr Total Return 49.75%
Total Debt 214.45 YTD Return 16.51%
Preferred Stock 0.0 Adjusted BETA 1.099
Minority Interest (1.8) Analyst Recs 15
Cash and Equivalents 22.61 Consensus Rating 2.667
Enterprise Value 2'213.78
Average Volume 5 Day 1'098'342
ALL AT EQUITY YTD Change - Average Volume 30 Day 1'746'357
ALL AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'855'971
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 01/yy 01/yy 09/13 Y 09/14 Y - -
1'079.9 908.6 680.5 704.3 843.3 - - 894.8 963.3 - -
1.98x 2.43x 2.76x 2.02x 1.98x - - 2.42x 2.21x - -
267.1 (144.7) 140.2 160.9 - - - 190.8 214.4 - -
8.02x - 13.38x 8.85x - - - 11.61x 10.32x - -
101.2 (157.8) 77.2 66.1 91.7 - - 103.2 119.8 - -
17.64x - 20.62x 17.89x 16.11x - - 19.63x 16.83x - -
EBITDA - Long-Term Rating Date 28.03.2011
EBIT - Long-Term Rating NR
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets 10.05% Short-Term Rating -
Return on Common Equity 30.83%
Return on Capital 18.64% EBITDA/Interest Exp. -
Asset Turnover 1.05% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 1.28
Gross Margin - Total Debt/EBITDA 1.40
EBITDA Margin 22.2%
EBIT Margin 17.3% Total Debt/Equity 77.1%
Net Income Margin 10.9% Total Debt/Capital 43.7%
Asset Turnover 1.05
Current Ratio 1.75 Net Fixed Asset Turnover 7.49
Quick Ratio 1.20 Accounts receivable turnover-days 125.98
Debt to Assets 29.59% Inventory Days 76.55
Tot Debt to Common Equity 77.06% Accounts Payable Turnover Day 137.69
Accounts Receivable Turnover 2.91 Cash Conversion Cycle -
Inventory Turnover 4.78
Fiscal Year Ended
Aristocrat Leisure LtdPrice/Volume
Valuation Analysis
1'223'068.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//00112
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0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF n/a EXCH 44'248'232 8.02 8'671'048 01.02.2013 Bank
LAZARD ASSET MANAGEM n/a ULT-AGG 43'871'635 7.96 8'004'185 18.09.2012 Unclassified
WRITEMAN PTY LTD n/a Co File 31'994'622 5.8 - 27.11.2012 n/a
IOOF HOLDINGS LTD n/a EXCH 29'783'225 5.4 - 07.08.2012 Investment Advisor
SAS TRUSTEE CORP n/a EXCH 28'749'424 5.21 - 09.11.2012 Corporation
MAPLE-BROWN ABBOTT L n/a EXCH 26'941'046 4.89 (1'431'395) 08.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 26'875'395 4.87 (858'798) 25.01.2012 Investment Advisor
THUNDERBIRDS ARE GO n/a Co File 25'277'754 4.58 - 27.11.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 22'506'748 4.08 (6'852'066) 26.11.2012 Bank
SUMITOMO MITSUI TRUS n/a ULT-AGG 22'504'353 4.08 (11'636'714) 01.02.2013 Bank
SERIOSO PTY LIMITED n/a Co File 20'709'564 3.76 - 27.11.2012 Corporation
MAAKU PTY LTD n/a Co File 15'104'872 2.74 - 27.11.2012 n/a
ARMINELLA PTY LTD n/a Co File 10'655'500 1.93 - 27.11.2012 n/a
CAPITAL GROUP COMPAN n/a ULT-AGG 10'067'734 1.83 (3'791'027) 31.12.2012 Investment Advisor
ECA 1 PTY LTD n/a Co File 8'757'359 1.59 - 27.11.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'143'064 0.93 65'280 31.12.2012 Investment Advisor
UBS n/a ULT-AGG 3'488'525 0.63 (629'719) 31.10.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'839'537 0.51 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'645'400 0.48 (17'661) 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD n/a Co File 2'241'000 0.41 - 27.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse LARRY GANDLER underperform 1 D 4 Not Provided 20.02.2013
EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 18.02.2013
JPMorgan MATTHEW RYAN neutral 3 M 3 3 month 08.02.2013
Macquarie ANDREW LEVY underperform 1 D 3 12 month 04.02.2013
Deutsche Bank MARK WILSON buy 5 M 4 12 month 01.02.2013
Nomura NICK BERRY reduce 2 M 2 Not Provided 30.01.2013
Goldman Sachs ADAM ALEXANDER neutral/neutral 3 M 3 12 month 29.01.2013
E.L. & C. Baillieu NICK CALEY hold 3 D 3 12 month 17.01.2013
CIMB MICHAEL NOLAN neutral 3 D 3 12 month 07.12.2012
Commonwealth Bank BEN BROWNETTE neutral 3 M 3 12 month 29.11.2012
Morgan Stanley MARK A CHRISTENSEN Equalwt/In-Line 3 M 3 12 month 28.08.2012
Holdings By:
Aristocrat Leisure Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Regis Resources Ltd. is a mineral exploration and production company. The
Company mines for gold, nickel, and copper.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (02.10.2012) 5.87
52-Week Low (16.05.2012) 3.34
Daily Volume
4.48
52-Week High % Change -23.68% Dividend Yield 0.00
52-Week Low % Change 34.13% Beta 0.94
% 52 Week Price Range High/Low 45.06% Equity Float 317.00
Shares Out 15.01.2013 492.2 Short Int -
2'205.01 1 Yr Total Return 3.23%
Total Debt 30.08 YTD Return -12.33%
Preferred Stock 0.0 Adjusted BETA 0.940
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 1.35 Consensus Rating 3.778
Enterprise Value 2'197.33
Average Volume 5 Day 3'865'828
RRL AT EQUITY YTD Change - Average Volume 30 Day 2'630'529
RRL AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'500'222
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
0.0 0.0 0.0 107.9 170.4 - - 471.6 692.2 - -
- - - 9.96x 10.57x - - 4.47x 2.83x - -
(2.1) (91.7) (7.0) 57.2 99.7 - - 287.5 424.4 - -
- - - 18.78x 18.06x - - 7.64x 5.18x - -
(2.3) (91.8) (18.8) 36.3 68.2 - - 181.8 278.9 - -
- - - 29.04x 25.21x - - 12.38x 7.72x - -
EBITDA 99.69 Long-Term Rating Date -
EBIT 75.33 Long-Term Rating -
Operating Margin 44.22% Long-Term Outlook -
Pretax Margin 43.88% Short-Term Rating Date -
Return on Assets 23.92% Short-Term Rating -
Return on Common Equity 29.49%
Return on Capital 28.81% EBITDA/Interest Exp. 34.01
Asset Turnover 0.67% (EBITDA-Capex)/Interest Exp. 25.81
Net Debt/EBITDA -0.05
Gross Margin 49.6% Total Debt/EBITDA 0.00
EBITDA Margin 58.0%
EBIT Margin 49.2% Total Debt/Equity 12.6%
Net Income Margin 40.1% Total Debt/Capital 11.2%
Asset Turnover 0.67
Current Ratio 0.50 Net Fixed Asset Turnover 0.78
Quick Ratio 0.04 Accounts receivable turnover-days 4.43
Debt to Assets 9.44% Inventory Days 26.02
Tot Debt to Common Equity 12.64% Accounts Payable Turnover Day 77.80
Accounts Receivable Turnover 82.58 Cash Conversion Cycle -
Inventory Turnover 14.07
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Regis Resources LtdPrice/Volume
Valuation Analysis
3'059'880.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
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1&- 9
3&- 9
5&- 9
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./&- 9
.1&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1-&--
3-&--
5-&--
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./-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NEWMONT MINING CORP n/a EXCH 97'212'729 19.75 23'304'506 16.11.2012 Corporation
GIORGETTA NICOLA n/a Co File 20'529'671 4.17 - 30.06.2011 n/a
ROLLASON PTY LTD n/a Co File 20'529'671 4.17 - 31.08.2012 Investment Advisor
STANLEY ROSS FRANCIS n/a Co File 17'000'000 3.45 - 31.08.2012 n/a
LANDAU PETER NEIL n/a RNS-DIR 13'956'522 2.84 - 22.05.2012 n/a
SHL PTY LTD n/a Co File 10'017'087 2.04 - 31.08.2012 Other
CLARK MARK JOHN n/a Co File 8'711'112 1.77 - 31.08.2012 n/a
WESTOZ FUNDS MANAGEM Multiple Portfolios MF-AGG 8'625'000 1.75 - 30.06.2011 Mutual Fund Manager
HART MORGAN CAIN n/a Co File 8'438'098 1.71 - 31.08.2012 n/a
GCIC LTD/CANADA Multiple Portfolios MF-AGG 7'550'000 1.53 7'550'000 30.06.2012 Investment Advisor
MUTUAL INVESTMENTS P n/a Co File 5'500'000 1.12 - 31.08.2012 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'935'830 1 2'352'350 30.06.2012 Investment Advisor
FMR LLC n/a ULT-AGG 4'349'294 0.88 (500'398) 31.12.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 3'916'781 0.8 1'298'075 31.12.2012 Investment Advisor
PIAMA PTY LTD n/a Co File 3'798'401 0.77 - 31.08.2012 n/a
JONES EDWARD MARCUS n/a RNS-DIR 3'531'522 0.72 - 22.05.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'338'500 0.68 82'938 31.12.2012 Investment Advisor
EVANS GLYN n/a Co File 3'016'111 0.61 - 31.08.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'027'630 0.41 (10'152) 30.09.2012 Mutual Fund Manager
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 2'000'000 0.41 - 30.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank CHRIS TERRY buy 5 M 5 12 month 26.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/Attractive 3 M 5 12 month 26.02.2013
Goldman Sachs PAUL HISSEY buy/attractive 5 M 5 12 month 26.02.2013
RBC Capital Markets STEUART MCINTYRE outperform 5 M 6 12 month 26.02.2013
JPMorgan JOSEPH KIM overweight 5 M 5 9 month 26.02.2013
Macquarie MITCH RYAN outperform 5 M 6 12 month 26.02.2013
BBY Limited KURT WORDEN strong buy 5 M 7 12 month 26.02.2013
Commonwealth Bank ANDREW KNUCKEY underweight 1 M 4 12 month 26.02.2013
Nomura DAVID RADCLYFFE neutral 3 M 5 Not Provided 26.02.2013
Evans & Partners Pty Ltd CATHY MOISES neutral 3 U #N/A N/A Not Provided 25.01.2013
Bell Potter STEPHEN THOMAS buy 5 M 6 12 month 18.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Hartleys TRENT BARNETT buy 5 M 6 12 month 04.01.2013
Paterson Securities GARY WATSON hold 3 M 6 Not Provided 21.12.2012
Holdings By:
Regis Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sims Metal Management Ltd. collects, sorts and processes scrap metal materials
which are recycled for resale. The Company's divisions include ferrous
recycling, non-ferrous recycling, secondary processing of non-ferrous metals and
plastics, international trading of metal commodities and the merchandising of
steel semi-fabricated products.
Latest Fiscal Year: 06/2012
LTM as of: 06/yy
52-Week High (16.03.2012) 15.73
52-Week Low (25.07.2012) 7.84
Daily Volume
10.86
52-Week High % Change -30.96% Dividend Yield 1.84
52-Week Low % Change 38.52% Beta 1.36
% 52 Week Price Range High/Low 39.42% Equity Float 163.50
Shares Out 15.02.2013 204.3 Short Int -
2'218.74 1 Yr Total Return -27.48%
Total Debt 343.60 YTD Return 17.41%
Preferred Stock 0.0 Adjusted BETA 1.365
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 56.90 Consensus Rating 3.429
Enterprise Value 2'505.44
Average Volume 5 Day 1'359'259
SGM AT EQUITY YTD Change - Average Volume 30 Day 1'170'905
SGM AT EQUITY YTD % CHANGE - Average Volume 3 Month 945'865
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 06/yy 06/yy 06/13 Y 06/14 Y 09/12 Q1 12/12 Q2
7'665.6 8'636.2 7'452.6 8'846.8 9'035.7 7'458.5 8'852.9 7'769.1 8'371.5 - -
1.02x 0.57x 0.47x 0.42x 0.25x 0.00x 0.00x 0.32x 0.29x - -
670.2 172.2 340.2 388.3 147.5 0.0 0.0 223.4 336.6 - -
11.62x 28.66x 10.20x 9.65x 15.29x 0.00x 0.00x 11.22x 7.44x - -
440.1 (150.3) 126.7 192.1 (521.4) 126.7 192.1 30.5 137.3 - -
13.41x - 26.36x 18.80x - 26.59x 18.80x 36.57x 15.83x - -
EBITDA 147.50 Long-Term Rating Date -
EBIT 17.60 Long-Term Rating -
Operating Margin 0.19% Long-Term Outlook -
Pretax Margin -5.93% Short-Term Rating Date -
Return on Assets -13.37% Short-Term Rating -
Return on Common Equity -19.62%
Return on Capital - EBITDA/Interest Exp. 8.24
Asset Turnover 2.32% (EBITDA-Capex)/Interest Exp. -0.76
Net Debt/EBITDA 1.94
Gross Margin - Total Debt/EBITDA 2.33
EBITDA Margin 1.6%
EBIT Margin 0.2% Total Debt/Equity 14.4%
Net Income Margin -5.8% Total Debt/Capital 12.5%
Asset Turnover 2.32
Current Ratio 2.02 Net Fixed Asset Turnover 9.81
Quick Ratio 0.60 Accounts receivable turnover-days 18.25
Debt to Assets 9.49% Inventory Days -
Tot Debt to Common Equity 14.35% Accounts Payable Turnover Day -
Accounts Receivable Turnover 20.05 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Sims Metal Management LtdPrice/Volume
Valuation Analysis
1'395'773.00
Current Price (2/dd/yy) Market Data
-/135
.-
./
.1
.3
.5
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.&2 9
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/&2 9
0&- 9
0&2 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
9'000.0
10'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
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0-&--
1-&--
2-&--
3-&--
4-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MITSUI RAW MATERIALS n/a Co File 36'151'787 17.7 - 06.09.2012 Other
COMMONWEALTH BANK OF n/a EXCH 17'395'801 8.51 2'808'740 16.11.2012 Bank
IOOF HOLDINGS LTD n/a EXCH 12'097'746 5.92 (2'472'410) 10.10.2012 Investment Advisor
ROYCE AND ASSOCIATES n/a 13G 8'890'420 4.35 (1'492'733) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'852'536 2.38 50'876 31.12.2012 Investment Advisor
HUGO NEU CORPORATION n/a Co File 3'617'566 1.77 - 09.06.2012 n/a
BLACKROCK n/a ULT-AGG 1'694'047 0.83 1'038 25.02.2013 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 1'667'819 0.82 (282) 31.01.2013 Mutual Fund Manager
QIC LTD n/a Co File 927'664 0.45 - 06.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 867'087 0.42 2'412 30.09.2012 Mutual Fund Manager
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 806'425 0.39 400'000 31.12.2012 Investment Advisor
MILTON CORP LTD n/a Co File 793'037 0.39 - 06.09.2012 Investment Advisor
DIENST DANIEL W n/a EXCH 592'593 0.29 - 16.11.2012 n/a
AMP LIFE LTD n/a Co File 567'090 0.28 - 06.09.2012 Investment Advisor
STATE STREET n/a ULT-AGG 552'164 0.27 (59'960) 26.02.2013 Investment Advisor
KONANN PTY LTD n/a Co File 541'692 0.27 - 06.09.2012 n/a
LANSFORSAKRINGAR FON Multiple Portfolios MF-AGG 480'864 0.24 177'740 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 415'772 0.2 - 06.09.2012 Investment Advisor
BOSTON COMMON ASSET BOSTON COMMON ASSET 13F 403'493 0.2 115'325 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 371'860 0.18 - 31.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank EMILY BEHNCKE buy 5 M 12 12 month 22.02.2013
Goldman Sachs ANDREW GIBSON Buy/Neutral 5 M 12 12 month 22.02.2013
Credit Suisse MICHAEL SLIFIRSKI underperform 1 D 11 Not Provided 22.02.2013
D.A. Davidson & Co BRENT THIELMAN buy 5 M 13 18 month 22.02.2013
Commonwealth Bank TOMAS VASQUEZ underweight 1 M 8 12 month 22.02.2013
Nomura DANIEL PORTER neutral 3 M 11 Not Provided 22.02.2013
Bell Potter SAM HADDAD buy 5 M 14 12 month 22.02.2013
Macquarie LIAM FARLOW underperform 1 M 9 12 month 21.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
BBY Limited MIKE HARROWELL strong buy 5 M 12 12 month 31.10.2012
JPMorgan BENJAMIN X. WILSON overweight 5 M 21 3 month 25.05.2012
Holdings By:
Sims Metal Management Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mineral Resources Ltd. offers contract crushing services to the mining industry
in Australia. The Company serves gold, iron ore, tantalum, and coal companies.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.02.2012) 13.33
52-Week Low (05.09.2012) 6.19
Daily Volume
11.46
52-Week High % Change -14.03% Dividend Yield 4.01
52-Week Low % Change 85.14% Beta 1.27
% 52 Week Price Range High/Low 73.25% Equity Float 100.34
Shares Out 15.01.2013 185.7 Short Int -
2'128.40 1 Yr Total Return -8.03%
Total Debt 187.08 YTD Return 18.02%
Preferred Stock 0.0 Adjusted BETA 1.268
Minority Interest 20.9 Analyst Recs 7
Cash and Equivalents 76.29 Consensus Rating 3.857
Enterprise Value 2'477.24
Average Volume 5 Day 1'112'239
MIN AT EQUITY YTD Change - Average Volume 30 Day 1'565'054
MIN AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'120'763
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
235.4 251.2 308.9 608.8 924.9 - - 1'190.0 1'438.0 - -
3.30x 2.15x 4.03x 3.09x 1.93x - - 2.04x 1.68x - -
82.0 78.6 92.4 214.1 288.2 - - 381.0 423.2 - -
9.48x 6.86x 13.45x 8.80x 6.20x - - 6.50x 5.85x - -
47.1 44.3 97.3 151.0 242.2 - - 190.7 217.7 - -
16.80x 11.87x 11.82x 12.78x 6.76x - - 11.10x 9.73x - -
EBITDA 288.20 Long-Term Rating Date -
EBIT 219.47 Long-Term Rating -
Operating Margin 23.73% Long-Term Outlook -
Pretax Margin 24.24% Short-Term Rating Date -
Return on Assets 15.64% Short-Term Rating -
Return on Common Equity 26.95%
Return on Capital - EBITDA/Interest Exp. 44.77
Asset Turnover 0.71% (EBITDA-Capex)/Interest Exp. -6.92
Net Debt/EBITDA 1.14
Gross Margin - Total Debt/EBITDA 1.23
EBITDA Margin 28.2%
EBIT Margin 18.8% Total Debt/Equity 20.9%
Net Income Margin 26.2% Total Debt/Capital 16.9%
Asset Turnover 0.71
Current Ratio 1.33 Net Fixed Asset Turnover 1.03
Quick Ratio 0.95 Accounts receivable turnover-days 59.01
Debt to Assets 13.03% Inventory Days -
Tot Debt to Common Equity 20.88% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.20 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Mineral Resources LtdPrice/Volume
Valuation Analysis
923'997.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
1'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ELLISON CHRISTOPHER n/a EXCH 27'038'000 14.56 38'000 03.09.2012 n/a
SANDINI PTY LTD n/a Co File 26'741'250 14.4 - 21.09.2012 Holding Company
PERPETUAL LTD #N/A N/A EXCH 14'708'873 7.92 (2'200'617) 25.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 9'404'612 5.06 (38'999) 11.07.2012 Bank
WYATT STEVE n/a Co File 9'057'344 4.88 - 30.06.2012 n/a
HENDERSON PARK PTY L n/a Co File 9'057'344 4.88 - 21.09.2012 n/a
GAVRANICH BOB n/a Co File 5'106'595 2.75 - 30.06.2012 n/a
RS INVESTMENT MANAGE Multiple Portfolios MF-AGG 3'906'313 2.1 2'833'069 31.12.2012 Investment Advisor
WAVEFRONT ASSET PTY n/a Co File 2'059'460 1.11 - 21.09.2012 n/a
THORNBURG INVESTMENT Multiple Portfolios MF-AGG 1'929'802 1.04 (775'852) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'784'826 0.96 5'398 31.08.2011 Investment Advisor
RICCIARDO JOSEPH MAR n/a Co File 1'529'989 0.82 - 16.08.2012 n/a
PAKSIAN PTY LTD n/a Co File 1'529'989 0.82 - 21.09.2012 n/a
GERAGHTY DAVID n/a Co File 1'439'799 0.78 - 30.06.2012 n/a
WADE PETER n/a Co File 1'416'162 0.76 - 21.09.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'275'986 0.69 2'166 31.12.2012 Investment Advisor
D & C GERAGHTY PTY L n/a Co File 1'267'487 0.68 - 21.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'024'305 0.55 393'433 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 882'304 0.48 - 21.09.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 642'991 0.35 208'043 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 20.02.2013
RBC Capital Markets HEATH ANDREWS top pick 5 M 15 12 month 18.02.2013
Octa Phillip Securities Ltd CONOR O'PREY buy 5 M 13 Not Provided 18.02.2013
Macquarie ANDREW WACKETT outperform 5 M 12 12 month 15.02.2013
BBY Limited SWAPAN PANDYA underperform 1 M 11 12 month 15.02.2013
Morgan Stanley DAVID EVANS Overwt/In-Line 5 M 14 12 month 14.02.2013
Bell Potter JOHN O'SHEA buy 5 M 13 12 month 14.02.2013
Holdings By:
Mineral Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Flight Centre Limited operates as a retail travel agency in Australia. The
Company operates close to 1200 outlets throughout Australia and internationally
including New Zealand, Hong Kong, South Africa, Canada and the United Kingdom.
The Company's agencies and brands include Flight Centre, Travel Associates and
Student Flights.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 33.42
52-Week Low (04.06.2012) 17.01
Daily Volume
31.9
52-Week High % Change -4.55% Dividend Yield 3.51
52-Week Low % Change 87.54% Beta 1.12
% 52 Week Price Range High/Low 88.30% Equity Float 37.32
Shares Out 26.02.2013 100.2 Short Int -
3'196.83 1 Yr Total Return 53.93%
Total Debt 107.18 YTD Return 18.15%
Preferred Stock 0.0 Adjusted BETA 1.119
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 1'092.32 Consensus Rating 3.722
Enterprise Value 2'211.69
Average Volume 5 Day 577'039
FLT AT EQUITY YTD Change - Average Volume 30 Day 400'005
FLT AT EQUITY YTD % CHANGE - Average Volume 3 Month 603'707
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
1'440.4 1'683.2 1'763.2 1'816.9 1'982.9 - - 2'012.8 2'130.4 - -
0.59x 0.13x 0.48x 0.76x 0.46x - - 1.17x 1.08x - -
227.7 89.3 251.5 287.1 321.8 - - 354.3 378.6 - -
3.75x 2.45x 3.39x 4.78x 2.82x - - 6.24x 5.84x - -
134.8 38.2 139.9 139.8 200.1 - - 220.5 239.1 - -
12.08x 22.58x 11.85x 15.44x 9.46x - - 14.57x 13.44x - -
EBITDA 321.81 Long-Term Rating Date -
EBIT 271.55 Long-Term Rating -
Operating Margin 13.69% Long-Term Outlook -
Pretax Margin 14.64% Short-Term Rating Date -
Return on Assets 9.89% Short-Term Rating -
Return on Common Equity 25.04%
Return on Capital 23.62% EBITDA/Interest Exp. 10.51
Asset Turnover 0.98% (EBITDA-Capex)/Interest Exp. 9.06
Net Debt/EBITDA -3.06
Gross Margin 89.8% Total Debt/EBITDA 0.33
EBITDA Margin 16.2%
EBIT Margin 13.7% Total Debt/Equity 12.5%
Net Income Margin 10.1% Total Debt/Capital 11.1%
Asset Turnover 0.98
Current Ratio 1.35 Net Fixed Asset Turnover 14.04
Quick Ratio 1.30 Accounts receivable turnover-days 71.36
Debt to Assets 5.05% Inventory Days 1.84
Tot Debt to Common Equity 12.50% Accounts Payable Turnover Day 419.74
Accounts Receivable Turnover 5.13 Cash Conversion Cycle -346.54
Inventory Turnover 198.60
Fiscal Year Ended
Flight Centre LtdPrice/Volume
Valuation Analysis
497'928.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
2
.-
.2
/-
/2
0-
02
1-
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
5&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
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./&--
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-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GEHAR PTY LTD n/a EXCH 15'635'819 15.6 - 20.11.2012 Other
TURNER GRAHAM F n/a EXCH 15'200'000 15.17 (98'428) 20.11.2012 n/a
GAINSDALE PTY LTD n/a EXCH 15'200'000 15.17 15'200'000 20.11.2012 Other
JAMES MANAGEMENT SER n/a EXCH 13'039'750 13.01 - 20.11.2012 Unclassified
PERPETUAL LTD n/a EXCH 4'992'063 4.98 (34'215) 04.07.2011 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 4'841'660 4.83 (245'643) 19.02.2013 Bank
FRIDAY INVESTMENTS P n/a EXCH 3'678'394 3.67 (400'000) 20.11.2012 Unclassified
BENNELONG AUS EQ PAR n/a Co File 3'153'695 3.15 - 27.08.2012 n/a
DEUTSCHE BANK n/a Co File 2'109'598 2.11 - 27.08.2012 Bank
BLACKROCK ASSET MANA n/a Co File 2'010'948 2.01 - 27.08.2012 Investment Advisor
AMP CAPITAL INVESTOR n/a Co File 1'882'249 1.88 - 27.08.2012 Investment Advisor
VINVA INVESTMENT MGM n/a Co File 1'874'241 1.87 - 27.08.2012 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 1'843'282 1.84 - 27.08.2012 Unclassified
ELEY GRIFFITHS GROUP n/a Co File 1'691'000 1.69 - 27.08.2012 Investment Advisor
K2 ASSET MANAGEMENT n/a Co File 1'375'111 1.37 - 27.08.2012 Other
BENNELONG FUNDS MANA n/a Co File 1'364'878 1.36 - 27.08.2012 Investment Advisor
TRIBECA INVESTMENT P n/a Co File 1'179'562 1.18 - 27.08.2012 n/a
BT INVESTMENT MANAGE n/a Co File 1'161'637 1.16 - 27.08.2012 Investment Advisor
PLATYPUS ASSET MANAG n/a Co File 1'100'912 1.1 - 27.08.2012 Unclassified
MACQUARIE FUNDS GROU n/a Co File 1'084'790 1.08 - 27.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie CAMERON PIERCE neutral 3 M 31 12 month 27.02.2013
Ord Minnett NICHOLAS MCGARRIGLE accumulate 4 M 32 Not Provided 27.02.2013
Deutsche Bank DOMINIC ROSE hold 3 M 30 12 month 26.02.2013
Morgan Stanley JAMES BALES Overwt/In-Line 5 M 35 12 month 26.02.2013
Goldman Sachs MIKE YOUNGER neutral/neutral 3 M 31 12 month 26.02.2013
Credit Suisse PAUL BUYS neutral 3 D 34 Not Provided 26.02.2013
JPMorgan ARMINA SOEMINO overweight 5 M 33 10 month 26.02.2013
CIMB TIM PLUMBE outperform 5 M 35 12 month 26.02.2013
Commonwealth Bank NICK MACLEAN overweight 5 M 36 12 month 26.02.2013
Moelis & Company TODD W GUYOT hold 3 D 31 12 month 26.02.2013
RBS Morgans JOSEPHINE LITTLE neutral 3 M 32 12 month 26.02.2013
Wilson HTM Investment Group ANDREW DALZIEL buy 5 M 31 Not Provided 22.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
Bell Potter JOHN O'SHEA hold 3 D 28 12 month 05.11.2012
Holdings By:
Flight Centre Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Whitehaven Coal Limited mines and sells metallurgical and thermal coals to the
global steel, power generation, and metallurgical industries.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (13.04.2012) 5.62
52-Week Low (16.11.2012) 2.70
Daily Volume
2.85
52-Week High % Change -49.30% Dividend Yield 1.05
52-Week Low % Change 5.56% Beta 1.22
% 52 Week Price Range High/Low 7.19% Equity Float 290.74
Shares Out 31.12.2012 1'014.2 Short Int -
2'890.37 1 Yr Total Return -43.91%
Total Debt 489.45 YTD Return -18.57%
Preferred Stock 0.0 Adjusted BETA 1.221
Minority Interest 42.3 Analyst Recs 19
Cash and Equivalents 520.52 Consensus Rating 4.263
Enterprise Value 3'294.69
Average Volume 5 Day 4'835'358
WHC AT EQUITY YTD Change - Average Volume 30 Day 4'374'361
WHC AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'079'284
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
252.0 489.4 406.8 622.2 618.1 - - 616.2 923.0 - -
6.85x 2.50x 5.71x 4.56x 6.82x - - 5.50x 4.02x - -
(20.6) (109.1) 104.7 143.4 142.0 - - 13.2 180.4 - -
- - 22.19x 19.77x 29.70x - - 250.55x 18.26x - -
51.9 244.2 114.9 9.9 62.5 - - (54.7) 46.2 - -
30.83x 5.19x 19.83x 291.50x 38.07x - - - 60.64x - -
EBITDA 141.97 Long-Term Rating Date -
EBIT 100.53 Long-Term Rating -
Operating Margin 16.27% Long-Term Outlook -
Pretax Margin 16.15% Short-Term Rating Date -
Return on Assets -0.16% Short-Term Rating -
Return on Common Equity -0.20%
Return on Capital -2.04% EBITDA/Interest Exp. 6.47
Asset Turnover 0.20% (EBITDA-Capex)/Interest Exp. -6.22
Net Debt/EBITDA -
Gross Margin 29.4% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 2.9% Total Debt/Equity 14.5%
Net Income Margin 10.1% Total Debt/Capital 12.5%
Asset Turnover 0.20
Current Ratio 1.31 Net Fixed Asset Turnover 0.24
Quick Ratio 0.99 Accounts receivable turnover-days 56.33
Debt to Assets 11.33% Inventory Days 32.73
Tot Debt to Common Equity 14.53% Accounts Payable Turnover Day 76.27
Accounts Receivable Turnover 6.50 Cash Conversion Cycle 7.40
Inventory Turnover 11.18
Fiscal Year Ended
Whitehaven Coal LtdPrice/Volume
Valuation Analysis
5'386'975.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.-&- 9
/-&- 9
0-&- 9
1-&- 9
2-&- 9
3-&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
4-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ASTON RESOURCES INVE n/a Co File 216'589'946 21.36 - 31.08.2012 Investment Advisor
BOARDWALK RESOURCES n/a EXCH 94'031'386 9.27 - 02.05.2012 Other
FRC WHITEHAVEN HLDS n/a Co File 72'650'000 7.16 - 31.08.2012 Unclassified
MENDE HANS JUERGEN n/a Co File 70'019'833 6.9 - 31.08.2012 n/a
KUNDRUN FRITZ R n/a Co File 69'433'458 6.85 - 31.08.2012 n/a
FARALLON CAPITAL MAN n/a Co File 58'153'033 5.73 - 31.08.2012 Hedge Fund Manager
JCP INVESTMENT PARTN n/a EXCH 51'857'863 5.11 1'682'930 15.08.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 48'727'939 4.8 (2'034'142) 07.09.2012 Bank
AMCI INTERNATIONAL A n/a EXCH 47'951'500 4.73 - 01.07.2012 Corporation
PLUMMER ANDREW H n/a EXCH 33'514'254 3.3 - 03.05.2012 n/a
HFTT PTY LTD n/a Co File 33'437'979 3.3 - 31.08.2012 n/a
RANAMOK PTY LTD n/a Co File 29'338'234 2.89 - 31.08.2012 Holding Company
AET SFS PTY LTD n/a Co File 26'678'979 2.63 - 31.08.2012 Other
VANGUARD GROUP INC Multiple Portfolios MF-AGG 10'813'142 1.07 661'631 31.12.2012 Investment Advisor
HAGGARTY ANTHONY JAM n/a EXCH 8'000'000 0.79 (25'479'897) 21.09.2012 n/a
DAVIES ALLAN JAMES n/a EXCH 7'005'000 0.69 5'000 01.11.2012 n/a
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 6'817'624 0.67 1'474'159 14.09.2012 Investment Advisor
QUILLEN MICHAEL J n/a Co File 6'135'000 0.6 - 31.08.2012 n/a
BLACKROCK n/a ULT-AGG 5'004'463 0.49 97'047 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'220'483 0.32 153'794 30.09.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank PAUL-D YOUNG buy 5 M 3 12 month 26.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/Cautious 3 U 3 12 month 26.02.2013
RBC Capital Markets CHRIS DREW outperform 5 M 5 12 month 26.02.2013
Credit Suisse JAMES REDFERN outperform 5 M 4 Not Provided 26.02.2013
Macquarie ANDREW SULLIVAN outperform 5 M 4 12 month 26.02.2013
CIMB JAMES STEWART outperform 5 M 5 12 month 26.02.2013
Commonwealth Bank TOMAS VASQUEZ neutral 3 M 3 12 month 26.02.2013
Nomura DAVID COTTERELL neutral 3 M 3 Not Provided 26.02.2013
Investec COLIN MCLELLAND buy 5 M 4 12 month 20.02.2013
Wilson HTM Investment Group ANDREW PEDLER buy 5 M 5 Not Provided 20.02.2013
Paterson Securities ANDREW HARRINGTON buy 5 M 4 12 month 12.02.2013
Octa Phillip Securities Ltd LAWRENCE GRECH buy 5 M 4 Not Provided 12.02.2013
Bell Potter STUART HOWE buy 5 M 4 12 month 31.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Canaccord Genuity Corp ROD BUCKTON buy 5 M 5 Not Provided 12.06.2012
Holdings By:
Whitehaven Coal Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
UGL Limited is a diversified engineering, construction and maintenance company.
The Company's operations include railway manufacturing, maintenance and
engineering along with providing design, construction, operating and maintenance
services in the mining, commercial property, water services, defenseand
petrochemicals industries.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (02.04.2012) 13.40
52-Week Low (09.11.2012) 9.99
Daily Volume
10.3
52-Week High % Change -23.13% Dividend Yield 6.80
52-Week Low % Change 3.10% Beta 0.96
% 52 Week Price Range High/Low 26.69% Equity Float 161.56
Shares Out 30.06.2012 166.3 Short Int -
1'713.04 1 Yr Total Return -16.14%
Total Debt 612.74 YTD Return -5.33%
Preferred Stock 0.0 Adjusted BETA 0.959
Minority Interest 5.7 Analyst Recs 16
Cash and Equivalents 177.38 Consensus Rating 2.563
Enterprise Value 2'154.11
Average Volume 5 Day 1'161'283
UGL AT EQUITY YTD Change - Average Volume 30 Day 1'025'076
UGL AT EQUITY YTD % CHANGE - Average Volume 3 Month 847'836
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 03/12 Q3 06/12 Q4
3'478.2 4'754.4 4'186.9 4'285.1 4'454.4 - - 4'600.6 4'761.7 - -
0.66x 0.43x 0.59x 0.57x 0.55x - - 0.46x 0.44x - -
226.5 265.6 274.4 295.5 280.0 - - 306.5 331.8 - -
10.10x 7.63x 8.96x 8.31x 8.80x - - 7.03x 6.49x - -
131.1 142.5 144.5 158.5 134.3 - - 157.4 175.8 - -
15.05x 11.88x 15.45x 14.53x 15.36x - - 10.82x 9.73x - -
EBITDA 279.95 Long-Term Rating Date -
EBIT 216.61 Long-Term Rating -
Operating Margin 4.86% Long-Term Outlook -
Pretax Margin 3.99% Short-Term Rating Date -
Return on Assets 5.21% Short-Term Rating -
Return on Common Equity 11.50%
Return on Capital 9.44% EBITDA/Interest Exp. 8.96
Asset Turnover 1.73% (EBITDA-Capex)/Interest Exp. 8.07
Net Debt/EBITDA 1.56
Gross Margin - Total Debt/EBITDA 2.19
EBITDA Margin 6.3%
EBIT Margin 4.9% Total Debt/Equity 52.4%
Net Income Margin 3.0% Total Debt/Capital 34.3%
Asset Turnover 1.73
Current Ratio 1.42 Net Fixed Asset Turnover 26.66
Quick Ratio 0.92 Accounts receivable turnover-days 42.50
Debt to Assets 22.30% Inventory Days -
Tot Debt to Common Equity 52.38% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.61 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
UGL LtdPrice/Volume
Valuation Analysis
4'081'696.00
Current Price (2/dd/yy) Market Data
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5
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0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
5'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD #N/A N/A EXCH 8'656'117 5.2 - 16.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 8'397'126 5.05 (22'185) 25.02.2013 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 8'236'748 4.95 (867'487) 05.05.2011 Bank
CALEDONIA INVESTMENT n/a EXCH 7'786'112 4.68 (7'251'335) 22.05.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 4'467'000 2.69 (471'000) 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 4'082'402 2.45 (14'682) 25.02.2013 Investment Advisor
LEUPEN RICHARD A n/a EXCH 3'468'950 2.09 45'375 14.08.2012 n/a
AMERIPRISE FINANCIAL n/a RNS-RUL8 3'354'176 2.02 15'700 15.11.2011 Investment Advisor
INVESCO LTD n/a RNS-RUL8 2'891'041 1.74 (52'904) 01.12.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'782'083 1.07 33'846 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'513'242 0.91 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'202'974 0.72 68'779 30.09.2012 Mutual Fund Manager
VONTOBEL ASSET MANAG Multiple Portfolios MF-AGG 461'044 0.28 - 31.10.2012 Investment Advisor
BIRMAN JONE n/a Co File 323'012 0.19 - 30.06.2011 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 311'522 0.19 - 31.07.2012 Investment Advisor
NIKKO ASSET MANAGEME n/a ULT-AGG 300'000 0.18 - 18.11.2011 Unclassified
UNION INVESTMENT LUX Multiple Portfolios MF-AGG 300'000 0.18 (100'000) 28.09.2012 Investment Advisor
FIRST TRUST n/a ULT-AGG 261'274 0.16 4'356 25.02.2013 Investment Advisor
HUMPHRY RICHARD GEOR n/a EXCH 185'805 0.11 280 14.02.2013 n/a
MORGAN STANLEY n/a ULT-AGG 181'100 0.11 (8'300) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse BRADLEY CLIBBORN outperform 5 M 13 Not Provided 27.02.2013
JPMorgan ANTHONY PASSE-DE SILVA neutral 3 M 11 9 month 27.02.2013
CIMB ANDREW HODGE neutral 3 M 11 12 month 27.02.2013
RBC Capital Markets HEATH ANDREWS underperform 1 M 10 12 month 26.02.2013
Nomura SIMON THACKRAY reduce 2 M 11 Not Provided 26.02.2013
Morgan Stanley NICHOLAS ROBISON Underwt/In-Line 1 D 11 12 month 10.02.2013
Macquarie JOHN PURTELL underperform 1 M 11 12 month 08.02.2013
Commonwealth Bank BEN BROWNETTE neutral 3 M 13 12 month 30.01.2013
Goldman Sachs NATHAN REILLY neutral/attractive 3 M 13 12 month 18.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
Deutsche Bank CRAIG WONGPAN hold 3 M 12 12 month 15.01.2013
Moelis & Company SIMON FITZGERALD hold 3 D 12 12 month 16.08.2012
Holdings By:
UGL Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
IOOF Holdings Limited is a financial services company operating in Australia.
The Company's services include personal superannuation, allocated pension
services, employee superannuation retirement services and investment services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 8.58
52-Week Low (08.03.2012) 5.02
Daily Volume
8.06
52-Week High % Change -6.06% Dividend Yield 4.59
52-Week Low % Change 60.56% Beta 1.18
% 52 Week Price Range High/Low 85.39% Equity Float 207.66
Shares Out 17.01.2013 232.1 Short Int -
1'870.66 1 Yr Total Return 48.39%
Total Debt 56.79 YTD Return 11.79%
Preferred Stock 0.0 Adjusted BETA 1.177
Minority Interest 14.9 Analyst Recs 13
Cash and Equivalents 113.34 Consensus Rating 3.000
Enterprise Value 1'828.98
Average Volume 5 Day 659'373
IFL AT EQUITY YTD Change - Average Volume 30 Day 590'288
IFL AT EQUITY YTD % CHANGE - Average Volume 3 Month 597'685
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
403.0 277.6 697.4 727.9 677.3 - - 350.1 379.9 - -
- 1.49x 1.83x 1.91x 2.01x - - 5.33x 4.86x - -
18.5 29.7 122.1 165.2 123.2 - - 148.7 169.4 - -
- 13.92x 10.46x 8.44x 11.06x - - 12.30x 10.80x - -
23.3 13.9 77.4 99.5 19.4 - - 104.5 119.3 - -
14.91x 28.56x 17.77x 15.31x 72.02x - - 17.30x 15.41x - -
EBITDA 123.20 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 14.21% Long-Term Outlook -
Pretax Margin 15.36% Short-Term Rating Date -
Return on Assets 0.97% Short-Term Rating -
Return on Common Equity 2.28%
Return on Capital 2.21% EBITDA/Interest Exp. -
Asset Turnover 0.34% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -0.46
Gross Margin - Total Debt/EBITDA 0.46
EBITDA Margin 18.2%
EBIT Margin - Total Debt/Equity 7.0%
Net Income Margin 2.9% Total Debt/Capital 6.4%
Asset Turnover 0.34
Current Ratio - Net Fixed Asset Turnover 51.25
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 2.95% Inventory Days -
Tot Debt to Common Equity 6.99% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
IOOF Holdings LtdPrice/Volume
Valuation Analysis
328'223.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
TRUST CO FIDUCIARY S n/a Co File 27'834'878 11.99 - 26.09.2012 Investment Advisor
VINVA INVESTMENT MGM n/a EXCH 11'811'911 5.09 - 21.12.2012 Investment Advisor
BANK OF AMERICA CORP n/a EXCH 11'578'677 4.99 (9'704'977) 13.08.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 7'406'012 3.19 - 25.02.2013 Investment Advisor
KELAHER CHRISTOPHER n/a EXCH 4'533'943 1.95 158'312 25.02.2013 n/a
GRIFFITHS IAN GREGOR n/a Co File 3'212'519 1.38 (95'000) 05.10.2012 n/a
AMP LIFE LTD n/a Co File 2'241'874 0.97 - 26.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'991'312 0.86 30'281 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'361'746 0.59 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'166'280 0.5 115'218 30.09.2012 Mutual Fund Manager
QIC LTD n/a Co File 1'056'049 0.46 - 26.09.2012 Investment Advisor
DAVID VAUTIN PTY LTD n/a Co File 961'248 0.41 - 26.09.2012 n/a
ABERDEEN n/a ULT-AGG 763'250 0.33 (35'600) 31.01.2013 Unclassified
BLACKROCK n/a ULT-AGG 614'848 0.26 (123) 25.02.2013 Investment Advisor
LUJETA PTY LTD n/a Co File 500'000 0.22 - 26.09.2012 Corporation
STEELE STUART J n/a Co File 482'000 0.21 - 26.09.2012 n/a
HARVEY MICHAEL KENNE n/a Co File 480'000 0.21 - 26.09.2012 n/a
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 434'564 0.19 - 31.01.2013 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 417'621 0.18 110'250 28.01.2013 Investment Advisor
STATE STREET n/a ULT-AGG 395'737 0.17 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan ISMAR TUZOVIC underweight 1 M 7 12 month 26.02.2013
Macquarie ADAM SIMPSON outperform 5 M 9 12 month 26.02.2013
Goldman Sachs RYAN FISHER neutral/neutral 3 M 8 12 month 25.02.2013
Credit Suisse DAVID BAILEY neutral 3 M 9 Not Provided 25.02.2013
Commonwealth Bank NAVEEN PATNEY underweight 1 M 8 12 month 25.02.2013
Nomura ANTHONY HOO neutral 3 M 8 Not Provided 25.02.2013
Deutsche Bank JENNIFER KRUK buy 5 U 9 12 month 30.01.2013
Bell Potter LAFITANI SOTIRIOU hold 3 M 8 12 month 21.01.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 17.01.2013
Moelis & Company ADAM S MICHELL hold 3 M 7 12 month 13.12.2012
E.L. & C. Baillieu NICK CALEY hold 3 M 6 12 month 27.09.2012
Holdings By:
IOOF Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Beach Energy Limited explores for, develops, and produces oil and natural gas.
The Company holds interests in exploration and production tenements in
Australia, USA, Egypt, Tanzania and Papua New Guinea.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 1.76
52-Week Low (27.06.2012) 0.88
Daily Volume
1.365
52-Week High % Change -22.36% Dividend Yield 1.64
52-Week Low % Change 55.11% Beta 1.25
% 52 Week Price Range High/Low 56.38% Equity Float 1'124.98
Shares Out 31.12.2012 1'263.7 Short Int -
1'724.92 1 Yr Total Return -15.80%
Total Debt 113.38 YTD Return -7.77%
Preferred Stock 0.0 Adjusted BETA 1.255
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 378.51 Consensus Rating 3.385
Enterprise Value 1'459.79
Average Volume 5 Day 11'675'790
BPT AT EQUITY YTD Change - Average Volume 30 Day 8'703'661
BPT AT EQUITY YTD % CHANGE - Average Volume 3 Month 6'947'218
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
564.4 581.4 487.5 496.4 618.6 - - 724.8 764.6 - -
2.18x 1.08x 1.20x 1.70x 1.48x - - 2.10x 2.00x - -
265.7 241.3 158.2 110.7 278.2 - - 323.8 358.6 - -
4.63x 2.60x 3.70x 7.60x 3.29x - - 4.51x 4.07x - -
63.7 260.4 33.4 (96.8) 165.1 - - 125.5 146.5 - -
18.82x 3.13x 22.33x - 6.51x - - 13.79x 11.97x - -
EBITDA 278.16 Long-Term Rating Date -
EBIT 169.48 Long-Term Rating -
Operating Margin 27.40% Long-Term Outlook -
Pretax Margin 30.36% Short-Term Rating Date -
Return on Assets 8.84% Short-Term Rating -
Return on Common Equity 11.47%
Return on Capital 11.73% EBITDA/Interest Exp. 20.97
Asset Turnover 0.33% (EBITDA-Capex)/Interest Exp. 0.65
Net Debt/EBITDA -
Gross Margin 31.9% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 27.4% Total Debt/Equity 7.0%
Net Income Margin 26.7% Total Debt/Capital 6.6%
Asset Turnover 0.33
Current Ratio 4.42 Net Fixed Asset Turnover 0.53
Quick Ratio 3.68 Accounts receivable turnover-days 40.59
Debt to Assets 5.28% Inventory Days 56.95
Tot Debt to Common Equity 7.03% Accounts Payable Turnover Day 95.65
Accounts Receivable Turnover 9.02 Cash Conversion Cycle 1.89
Inventory Turnover 6.43
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Beach Energy LtdPrice/Volume
Valuation Analysis
4'764'308.00
Current Price (2/dd/yy) Market Data
---.....//
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ELLERSTON CAPITAL LT n/a EXCH 80'217'554 6.35 15'252'338 23.11.2012 Corporation
UBS n/a ULT-AGG 68'115'162 5.39 - 22.02.2013 Unclassified
BANK OF AMERICA CORP n/a EXCH 64'568'387 5.11 - 30.03.2012 Investment Advisor
AMP LTD n/a EXCH 63'244'748 5 135'185 05.12.2012 Insurance Company
CREDIT SUISSE AG n/a EXCH 62'103'394 4.91 - 02.04.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 55'728'397 4.41 (9'115'931) 20.02.2013 Bank
NORGES BANK n/a EXCH 51'121'710 4.05 (19'284'254) 31.08.2012 Government
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 36'146'922 2.86 (3'567'136) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 31'085'167 2.46 - 31.07.2012 Investment Advisor
FMR LLC n/a ULT-AGG 16'371'755 1.3 21'325 31.10.2012 Investment Advisor
WESTOZ FUNDS MANAGEM Multiple Portfolios MF-AGG 14'612'210 1.16 - 30.06.2011 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'177'937 1.04 227'860 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'765'528 0.54 390'313 30.09.2012 Mutual Fund Manager
NELSON REGINALD GEOR n/a EXCH 4'983'927 0.39 - 21.12.2012 n/a
JP MORGAN n/a ULT-AGG 4'470'400 0.35 33'000 31.12.2012 Unclassified
PRUDENTIAL FINANCIAL n/a ULT-AGG 4'350'475 0.34 (888'839) 31.12.2012 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 3'967'047 0.31 1'553'575 31.10.2012 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 3'082'500 0.24 - 30.06.2012 Mutual Fund Manager
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'117'000 0.17 2'117'000 30.09.2011 Mutual Fund Manager
VANTAGEPOINT INVESTM Multiple Portfolios MF-AGG 1'909'900 0.15 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
RBC Capital Markets ANDREW WILLIAMS outperform 5 M 2 12 month 26.02.2013
JPMorgan BENJAMIN X. WILSON underweight 1 M 2 9 month 26.02.2013
Macquarie KIRIT HIRA outperform 5 M 2 12 month 26.02.2013
Wilson HTM Investment Group JOHN YOUNG hold 3 M 1 Not Provided 26.02.2013
Commonwealth Bank LUKE SMITH neutral 3 M 2 12 month 26.02.2013
GMP SCOTT SIMPSON buy 5 M 2 Not Provided 26.02.2013
Morgan Stanley STUART BAKER Equalwt/Attractive 3 U 1 12 month 25.02.2013
Goldman Sachs MARK WISEMAN Buy/Neutral 5 M 2 12 month 25.02.2013
EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 22.02.2013
Evans & Partners Pty Ltd MICHAEL HAWKINS Positive 4 N #N/A N/A Not Provided 19.07.2012
Canaccord Genuity Corp IAN OOI hold 3 M #N/A N/A Not Provided 21.02.2012
Intersuisse Ltd NICK WIRUBOV buy 5 N 1 Not Provided 27.10.2010
Holdings By:
Beach Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Perpetual Limited is a financial services company that has two primary
activities, wealth management services and corporate trust services. The Company
provides funds management, responsible entity services, trustee services,
executor services, financial planning, investment administration,
superannuation, custody and registry services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 41.80
52-Week Low (04.06.2012) 21.02
Daily Volume
39.46
52-Week High % Change -5.60% Dividend Yield 2.28
52-Week Low % Change 87.73% Beta 1.15
% 52 Week Price Range High/Low 91.34% Equity Float 39.51
Shares Out 30.06.2012 42.0 Short Int -
1'656.56 1 Yr Total Return 67.53%
Total Debt 156.42 YTD Return 13.59%
Preferred Stock 0.0 Adjusted BETA 1.153
Minority Interest 12.3 Analyst Recs 14
Cash and Equivalents 153.06 Consensus Rating 2.429
Enterprise Value 1'672.18
Average Volume 5 Day 122'975
PPT AT EQUITY YTD Change - Average Volume 30 Day 147'737
PPT AT EQUITY YTD % CHANGE - Average Volume 3 Month 130'015
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
647.5 475.9 509.9 478.1 391.5 - - 371.1 388.2 - -
2.89x 2.82x 2.50x 2.30x 2.50x - - 4.14x 3.84x - -
198.5 48.7 132.5 150.3 138.3 - - 125.7 157.6 - -
9.44x 27.52x 9.63x 7.32x 7.06x - - 13.30x 10.61x - -
128.8 37.7 90.5 62.0 26.7 - - 72.6 96.8 - -
12.98x 29.74x 12.44x 17.05x 36.41x - - 22.02x 17.11x - -
EBITDA 138.32 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 27.38% Long-Term Outlook -
Pretax Margin 8.87% Short-Term Rating Date -
Return on Assets 1.86% Short-Term Rating -
Return on Common Equity 8.41%
Return on Capital 4.57% EBITDA/Interest Exp. -
Asset Turnover 0.27% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 0.02
Gross Margin - Total Debt/EBITDA 1.13
EBITDA Margin 35.3%
EBIT Margin - Total Debt/Equity 58.3%
Net Income Margin 6.8% Total Debt/Capital 35.8%
Asset Turnover 0.27
Current Ratio - Net Fixed Asset Turnover 17.03
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 12.49% Inventory Days -
Tot Debt to Common Equity 58.32% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Perpetual LtdPrice/Volume
Valuation Analysis
74'949.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-2
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100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
UBS n/a ULT-AGG 2'197'722 5.24 - 01.08.2012 Unclassified
VINVA INVESTMENT MGM n/a EXCH 2'129'135 5.07 - 03.01.2013 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 636'000 1.51 - 29.06.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 433'321 1.03 6'808 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 350'880 0.84 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 217'204 0.52 (19'866) 30.09.2012 Mutual Fund Manager
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 147'000 0.35 - 31.12.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 139'000 0.33 - 30.06.2011 Investment Advisor
DEVERALL DAVID MICHA n/a EXCH 130'331 0.31 - 23.02.2011 n/a
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 101'209 0.24 26'460 28.01.2013 Investment Advisor
LLOYD GEOFF n/a EXCH 66'748 0.16 - 19.11.2012 n/a
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 65'393 0.16 - 25.02.2013 Investment Advisor
HOLYMAN IVAN D n/a EXCH 59'771 0.14 - 06.07.2012 n/a
BURROWS ROGER L n/a EXCH 47'983 0.11 - 25.01.2013 n/a
BLACKROCK n/a ULT-AGG 44'974 0.11 (10'029) 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 43'636 0.1 (15'077) 31.08.2011 Investment Advisor
STATE STREET n/a ULT-AGG 36'637 0.09 - 25.02.2013 Investment Advisor
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 19'946 0.05 (3'146) 31.10.2012 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 17'773 0.04 - 28.12.2012 Unclassified
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 15'356 0.04 1'397 28.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
CIMB RICHARD COLES neutral 3 M 38 12 month 18.02.2013
Macquarie TIM LAWSON neutral 3 M 35 12 month 08.02.2013
JPMorgan RUSSELL GILL neutral 3 M 33 6 month 25.01.2013
Commonwealth Bank ROSS CURRAN underweight 1 M 31 12 month 25.01.2013
Bell Potter LAFITANI SOTIRIOU buy 5 M 42 12 month 18.01.2013
Goldman Sachs RYAN FISHER Sell/Neutral 1 M 31 12 month 17.01.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 17.01.2013
Morgan Stanley ARVID STREIMANN Underwt/In-Line 1 D 33 12 month 11.01.2013
Nomura ANTHONY HOO neutral 3 M 33 Not Provided 11.01.2013
Credit Suisse DAVID BAILEY neutral 3 M 36 Not Provided 08.01.2013
Deutsche Bank KIEREN CHIDGEY hold 3 M 34 12 month 07.01.2013
E.L. & C. Baillieu NICK CALEY hold 3 M 28 12 month 30.08.2012
Holdings By:
Perpetual Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Adelaide Brighton Limited is an integrated construction materials and lime
producing company that operates throughout Australia. The Company produces
clinker, cement, ready mixed concrete products, lime products, fly ash and
ground blast-furnace slag.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 3.70
52-Week Low (04.06.2012) 2.80
Daily Volume
3.65
52-Week High % Change -1.35% Dividend Yield 4.52
52-Week Low % Change 30.36% Beta 0.94
% 52 Week Price Range High/Low 94.44% Equity Float 442.88
Shares Out 31.12.2012 637.4 Short Int -
2'326.46 1 Yr Total Return 27.23%
Total Debt 319.30 YTD Return 16.99%
Preferred Stock 0.0 Adjusted BETA 0.943
Minority Interest 2.8 Analyst Recs 16
Cash and Equivalents 7.00 Consensus Rating 3.438
Enterprise Value 2'641.56
Average Volume 5 Day 3'281'092
ABC AT EQUITY YTD Change - Average Volume 30 Day 2'237'278
ABC AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'342'257
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
1'018.3 985.0 1'069.4 1'096.8 1'173.2 - - 1'275.7 1'343.3 - -
1.52x 1.95x 2.10x 1.91x 1.96x - - 2.03x 1.90x - -
203.6 190.4 228.4 233.1 250.9 - - 297.7 318.5 - -
7.62x 10.10x 9.84x 8.97x 9.18x - - 8.87x 8.29x - -
120.8 123.1 151.5 148.4 154.2 - - 160.2 176.1 - -
9.46x 13.48x 13.81x 12.40x 12.89x - - 14.60x 13.27x - -
EBITDA 250.90 Long-Term Rating Date -
EBIT 185.70 Long-Term Rating -
Operating Margin 15.83% Long-Term Outlook -
Pretax Margin 17.83% Short-Term Rating Date -
Return on Assets 10.00% Short-Term Rating -
Return on Common Equity 15.74%
Return on Capital 13.21% EBITDA/Interest Exp. 11.78
Asset Turnover 0.76% (EBITDA-Capex)/Interest Exp. 6.12
Net Debt/EBITDA 1.24
Gross Margin 23.0% Total Debt/EBITDA 1.27
EBITDA Margin 21.4%
EBIT Margin 15.8% Total Debt/Equity 31.8%
Net Income Margin 13.1% Total Debt/Capital 24.1%
Asset Turnover 0.76
Current Ratio 1.89 Net Fixed Asset Turnover 1.34
Quick Ratio 0.92 Accounts receivable turnover-days 48.82
Debt to Assets 19.75% Inventory Days 49.29
Tot Debt to Common Equity 31.76% Accounts Payable Turnover Day 34.42
Accounts Receivable Turnover 7.50 Cash Conversion Cycle 65.16
Inventory Turnover 7.43
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Adelaide Brighton LtdPrice/Volume
Valuation Analysis
2'540'187.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
.1&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
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-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BARRO PROPERTIES PTY n/a EXCH 149'350'452 23.43 5'200'000 17.08.2012 Corporation
BARRO GROUP PTY LTD n/a EXCH 42'744'804 6.71 - 07.06.2012 Corporation
UBS n/a ULT-AGG 33'413'355 5.24 - 11.01.2012 Unclassified
PERPETUAL LTD n/a EXCH 31'683'961 4.97 (836'478) 06.07.2011 Investment Advisor
AMP LTD n/a EXCH 31'537'030 4.95 (801'711) 01.11.2011 Insurance Company
NATIONAL AUSTRALIA B n/a ULT-AGG 29'379'493 4.61 (2'662'769) 14.06.2012 Bank
INVESCO LTD Multiple Portfolios MF-AGG 6'400'080 1 (75'152) 26.02.2013 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 6'053'103 0.95 - 29.03.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'206'317 0.82 70'091 31.12.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 4'794'980 0.75 54'188 31.01.2013 Mutual Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'524'767 0.55 199'794 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 2'980'617 0.47 39'643 31.08.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'615'841 0.41 - 31.07.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 2'589'880 0.41 1'609 25.02.2013 Investment Advisor
MILTON CORP LTD n/a Co File 1'863'440 0.29 - 29.03.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'850'423 0.29 (34'943) 31.12.2012 Investment Advisor
ABERDEEN n/a ULT-AGG 1'138'700 0.18 - 31.01.2013 Unclassified
SUMITOMO MITSUI ASSE Multiple Portfolios MF-AGG 920'000 0.14 - 14.08.2012 Investment Advisor
FIRST TRUST n/a ULT-AGG 742'261 0.12 11'980 26.02.2013 Investment Advisor
STATE STREET n/a ULT-AGG 633'986 0.1 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 26.02.2013
Macquarie LIAM FARLOW outperform 5 M 4 12 month 22.02.2013
Bell Potter JONATHAN SNAPE hold 3 M 3 12 month 22.02.2013
Deutsche Bank EMILY BEHNCKE buy 5 M 4 12 month 21.02.2013
Goldman Sachs MATTHEW MCNEE neutral/neutral 3 M 4 12 month 21.02.2013
Credit Suisse ANDREW PEROS underperform 1 M 3 Not Provided 21.02.2013
JPMorgan JASON HARLEY STEED overweight 5 M 3 9 month 21.02.2013
CIMB ANDREW G SCOTT neutral 3 M 4 12 month 21.02.2013
Commonwealth Bank MICHAEL WARD neutral 3 M 3 12 month 21.02.2013
Nomura SIMON THACKRAY buy 5 U 4 Not Provided 21.02.2013
Moelis & Company TODD W GUYOT hold 3 M 3 12 month 21.02.2013
Evans & Partners Pty Ltd TONY WILSON Positive 4 U #N/A N/A Not Provided 23.08.2012
Intersuisse Ltd PETER RUSSELL buy 5 N 4 12 month 10.11.2010
Holdings By:
Adelaide Brighton Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Myer Holdings Ltd. operates department stores. The Company retails womens
wear, mens wear, youth fashion, childrens wear, intimate apparel, beauty,
fragrance and cosmetics, housewares, electrical goods, toys, fashion
accessories, and general merchandise.
Latest Fiscal Year: 07/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 2.82
52-Week Low (28.06.2012) 1.53
Daily Volume
2.71
52-Week High % Change -3.90% Dividend Yield 7.01
52-Week Low % Change 77.70% Beta 1.00
% 52 Week Price Range High/Low 93.05% Equity Float 536.91
Shares Out 30.01.2013 583.4 Short Int -
1'580.97 1 Yr Total Return 31.16%
Total Debt 421.19 YTD Return 25.46%
Preferred Stock 0.0 Adjusted BETA 0.996
Minority Interest 9.3 Analyst Recs 16
Cash and Equivalents 38.06 Consensus Rating 3.438
Enterprise Value 1'973.45
Average Volume 5 Day 5'044'828
MYR AT EQUITY YTD Change - Average Volume 30 Day 5'306'670
MYR AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'889'591
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.07.2008 31.07.2009 31.07.2010 31.07.2011 31.07.2012 01/yy 01/yy 07/13 Y 07/14 Y - -
- 2'798.9 2'825.0 2'666.8 2'612.7 - - 3'067.9 3'112.4 - -
- - 0.82x 0.65x 0.54x - - 0.64x 0.62x - -
- 240.1 262.5 305.3 298.2 - - 308.9 309.9 - -
- - 8.83x 5.69x 4.72x - - 6.39x 6.37x - -
- 108.7 67.2 159.7 139.4 - - 131.4 132.4 - -
- - 28.05x 8.43x 7.28x - - 12.04x 12.15x - -
EBITDA 298.20 Long-Term Rating Date -
EBIT 210.08 Long-Term Rating -
Operating Margin 8.04% Long-Term Outlook -
Pretax Margin 7.84% Short-Term Rating Date -
Return on Assets 7.16% Short-Term Rating -
Return on Common Equity 16.19%
Return on Capital 12.76% EBITDA/Interest Exp. 8.74
Asset Turnover 1.34% (EBITDA-Capex)/Interest Exp. 7.31
Net Debt/EBITDA -
Gross Margin 43.9% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 8.0% Total Debt/Equity 48.5%
Net Income Margin 5.3% Total Debt/Capital 32.4%
Asset Turnover 1.34
Current Ratio 0.88 Net Fixed Asset Turnover 4.97
Quick Ratio 0.09 Accounts receivable turnover-days 0.66
Debt to Assets 21.96% Inventory Days 95.31
Tot Debt to Common Equity 48.51% Accounts Payable Turnover Day 50.59
Accounts Receivable Turnover 548.25 Cash Conversion Cycle 45.39
Inventory Turnover 3.82
Fiscal Year Ended
Myer Holdings LtdPrice/Volume
Valuation Analysis
5'999'953.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
2&- 9
.-&- 9
.2&- 9
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/2&- 9
0-&- 9
02&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
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1&--
2&--
3&--
4&--
5&--
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0.&-4&/--6 0.&-.&/-.- 0.&-4&/-.- 0.&-.&/-.. 0.&-4&/-.. 0.&-.&/-./ 0.&-4&/-./ 0.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
UBS n/a ULT-AGG 48'646'227 8.34 13'838'451 31.01.2013 Unclassified
HARRIS ASSOCIATES LP n/a EXCH 35'222'064 6.04 - 01.10.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 33'327'494 5.71 (6'456'439) 08.02.2013 Bank
DEUTSCHE BANK AG n/a EXCH 31'127'388 5.34 - 22.11.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 30'171'356 5.17 - 06.02.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 29'640'126 5.08 (7'257'316) 13.05.2011 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 29'117'935 4.99 (2'915'357) 11.02.2013 Bank
SCHRODER INVESTMENT n/a EXCH 27'445'035 4.7 (8'455'144) 23.09.2011 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 27'354'768 4.69 (6'393'996) 30.04.2012 Bank
HARRIS ASSOCIATES LP Multiple Portfolios MF-AGG 19'376'000 3.32 (680'500) 31.12.2012 Investment Advisor
BROOKES BERNIE n/a Co File 10'004'399 1.71 - 10.10.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 8'764'531 1.5 (750'023) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'645'525 0.8 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'281'489 0.73 276'917 30.09.2012 Mutual Fund Manager
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 3'004'300 0.51 832'700 30.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 2'647'816 0.45 12'900 25.02.2013 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 2'485'577 0.43 416'780 31.12.2012 Investment Advisor
MCDONALD HOWARD JOHN n/a EXCH 2'074'390 0.36 - 10.10.2012 n/a
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'980'729 0.34 512'129 31.12.2012 Investment Advisor
SCHRODERS ASIA LIMIT Multiple Portfolios MF-AGG 1'714'850 0.29 - 31.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse GRANT SALIGARI outperform 5 M 3 Not Provided 25.02.2013
Nomura NICK BERRY buy 5 M 3 Not Provided 14.02.2013
Deutsche Bank MICHAEL SIMOTAS hold 3 D 3 12 month 07.02.2013
Morgan Stanley THOMAS KIERATH Overwt/In-Line 5 M 3 12 month 05.02.2013
EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 25.01.2013
CIMB DANIEL BROEREN outperform 5 M 2 12 month 21.01.2013
Macquarie ROB BLYTHE neutral 3 M 2 12 month 14.12.2012
Evans & Partners Pty Ltd TONY WILSON Positive 4 U #N/A N/A Not Provided 13.12.2012
Commonwealth Bank ANDREW MCLENNAN neutral 3 M 2 12 month 29.11.2012
Goldman Sachs PHILLIP KIMBER neutral/cautious 3 M 2 12 month 15.11.2012
JPMorgan SHAUN COUSINS underweight 1 M 2 9 month 15.11.2012
Octa Phillip Securities Ltd KEN WAGNER buy 5 U 2 Not Provided 15.11.2012
Holdings By:
Myer Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Aurora Oil & Gas Limited is an Australian Stock Exchange listed (ASX: AUT) and
Toronto Stock Exchange listed company (TSX: AEF) focussed on oil and gas
exploration and production in North America.
Latest Fiscal Year: 12/2011
LTM as of: 09/yy
52-Week High (01.05.2012) 4.26
52-Week Low (27.06.2012) 2.84
Daily Volume
3.66
52-Week High % Change -14.08% Dividend Yield 0.00
52-Week Low % Change 28.87% Beta 1.21
% 52 Week Price Range High/Low 56.34% Equity Float 414.67
Shares Out 31.12.2012 447.9 Short Int -
1'639.26 1 Yr Total Return 10.57%
Total Debt 30.00 YTD Return 0.83%
Preferred Stock 0.0 Adjusted BETA 1.208
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 70.25 Consensus Rating 3.333
Enterprise Value 1'887.22
Average Volume 5 Day 1'686'280
AUT AT EQUITY YTD Change - Average Volume 30 Day 1'418'555
AUT AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'353'338
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2007 30.06.2008 30.06.2009 30.06.2010 31.12.2011 09/yy 09/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1
0.7 1.1 0.9 0.3 75.1 47.5 210.2 291.3 630.5 115.0 139.0
90.23x 47.96x 15.10x 545.32x 18.53x 74.33x 30.55x 6.86x 3.30x 17.21x 14.33x
(3.5) (8.9) (6.9) (2.1) 35.0 23.1 107.9 158.9 352.4 66.9 82.4
- - - - 39.71x 0.00x 17.54x 11.88x 5.36x 6.00x 5.56x
(1.7) (9.1) (13.4) (2.7) 30.6 26.1 39.6 60.9 150.3 23.2 30.7
- - - - 46.41x 0.00x 40.51x 27.02x 11.84x 13.81x 11.84x
EBITDA 35.03 Long-Term Rating Date 25.01.2012
EBIT 30.66 Long-Term Rating B
Operating Margin 40.84% Long-Term Outlook STABLE
Pretax Margin 42.92% Short-Term Rating Date -
Return on Assets 5.87% Short-Term Rating -
Return on Common Equity 9.93%
Return on Capital - EBITDA/Interest Exp. 257.57
Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. -306.70
Net Debt/EBITDA 1.22
Gross Margin - Total Debt/EBITDA 2.88
EBITDA Margin 48.4%
EBIT Margin 39.5% Total Debt/Equity 10.9%
Net Income Margin 40.7% Total Debt/Capital 9.8%
Asset Turnover 0.26
Current Ratio 1.15 Net Fixed Asset Turnover 0.33
Quick Ratio 1.15 Accounts receivable turnover-days 85.12
Debt to Assets 7.88% Inventory Days -
Tot Debt to Common Equity 10.91% Accounts Payable Turnover Day -
Accounts Receivable Turnover 4.30 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Aurora Oil & Gas LtdPrice/Volume
Valuation Analysis
848'554.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//00112
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.&- 9/&- 90&- 91&- 92&- 93&- 94&- 95&- 96&- 9
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-&--
.--&--
/--&--
0--&--
1--&--
2--&--
3--&--
4--&--
5--&--
6--&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CI INVESTMENTS INC Multiple Portfolios MF-AGG 42'000'000 9.38 3'500'000 30.06.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 40'872'440 9.13 44'000 31.10.2012 Unclassified
HARBOUR ADVISORS n/a Co File 35'300'000 7.88 - 23.03.2012 Other
AUSBIL DEXIA LIMITED n/a EXCH 21'487'530 4.8 - 17.05.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 20'849'317 4.66 - 18.10.2011 Investment Advisor
STEWART JONATHAN KIN n/a EXCH 19'746'321 4.41 900'000 20.08.2012 n/a
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 11'015'158 2.46 - 30.06.2012 Mutual Fund Manager
SCHOCH PETER GRENVIL n/a EXCH 5'996'554 1.34 - 05.12.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'211'412 0.94 44'493 31.12.2012 Investment Advisor
WESTOZ FUNDS MANAGEM Multiple Portfolios MF-AGG 3'000'000 0.67 - 30.06.2011 Mutual Fund Manager
MANULIFE ASSET MANAG Multiple Portfolios MF-AGG 2'603'834 0.58 (62'200) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'255'821 0.5 149'532 30.09.2012 Mutual Fund Manager
DOWLAND GRAHAM ROCHF n/a EXCH 2'203'828 0.49 - 29.05.2012 n/a
SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 2'093'500 0.47 - 31.12.2012 Investment Advisor
FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 1'726'700 0.39 - 30.09.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'572'486 0.35 - 31.07.2012 Investment Advisor
MOLSON FREDERICK WIL n/a EXCH 1'512'390 0.34 100'000 28.06.2012 n/a
BLACKROCK n/a ULT-AGG 1'498'206 0.33 (75'800) 25.02.2013 Investment Advisor
UNION INVESTMENT LUX Multiple Portfolios MF-AGG 1'450'000 0.32 - 28.09.2012 Investment Advisor
LUSTED IAN LINCOLN n/a EXCH 1'421'950 0.32 (48'533) 15.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
RBC Capital Markets ANDREW WILLIAMS outperform 5 M 5 12 month 27.02.2013
CIBC World Markets ADAM GILL sector outperform 5 M 5 18 month 26.02.2013
GMP STACEY MCDONALD buy 5 M 5 Not Provided 22.02.2013
Credit Suisse JAMES REDFERN outperform 5 M 4 Not Provided 01.02.2013
Macquarie KIRIT HIRA neutral 3 M 4 12 month 01.02.2013
Deutsche Bank JOHN HIRJEE buy 5 M 4 12 month 31.01.2013
JPMorgan DANIEL BUTCHER underweight 1 M 4 9 month 31.01.2013
Commonwealth Bank LUKE SMITH overweight 5 M 4 12 month 31.01.2013
TD Securities MENNO HULSHOF buy 5 M 5 12 month 31.01.2013
Morgan Stanley STUART BAKER Underwt/Attractive 1 D 3 12 month 21.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Hartleys DAVID WALL reduce 2 M 2 Not Provided 21.03.2012
Holdings By:
Aurora Oil & Gas Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Arrium Limited is an international mining and materials company .The
Company's activities include Mining, Mining Consumables, and Steel & Recycling.
Arrium produces iron ore and grinding media for the resource sector as well as
recycles, manufactures, and distributes steel.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (01.05.2012) 1.38
52-Week Low (13.09.2012) 0.50
Daily Volume
1.19
52-Week High % Change -13.45% Dividend Yield 4.20
52-Week Low % Change 138.00% Beta 1.89
% 52 Week Price Range High/Low 81.14% Equity Float 1'183.89
Shares Out 31.12.2012 1'351.5 Short Int -
1'608.32 1 Yr Total Return 17.25%
Total Debt 2'411.40 YTD Return 30.77%
Preferred Stock 0.0 Adjusted BETA 1.887
Minority Interest 61.8 Analyst Recs 12
Cash and Equivalents 268.10 Consensus Rating 3.500
Enterprise Value 3'765.32
Average Volume 5 Day 11'444'190
ARI AT EQUITY YTD Change - Average Volume 30 Day 9'120'302
ARI AT EQUITY YTD % CHANGE - Average Volume 3 Month 8'032'045
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
7'434.3 7'241.5 6'204.6 6'892.4 7'455.0 - - 7'344.9 7'953.0 - -
1.15x 0.65x 0.80x 0.62x 0.45x - - 0.51x 0.45x - -
810.3 687.8 603.4 618.0 545.0 - - 619.6 786.9 - -
10.52x 6.83x 8.25x 6.88x 6.17x - - 6.08x 4.79x - -
244.9 229.5 258.4 230.3 57.7 - - 167.6 264.8 - -
21.35x 12.18x 15.27x 10.18x 5.53x - - 9.52x 6.04x - -
EBITDA 545.00 Long-Term Rating Date -
EBIT 324.20 Long-Term Rating -
Operating Margin 4.35% Long-Term Outlook -
Pretax Margin 2.61% Short-Term Rating Date -
Return on Assets -3.71% Short-Term Rating -
Return on Common Equity -7.64%
Return on Capital - EBITDA/Interest Exp. 4.24
Asset Turnover 0.83% (EBITDA-Capex)/Interest Exp. 1.12
Net Debt/EBITDA 33.77
Gross Margin 16.2% Total Debt/EBITDA 38.88
EBITDA Margin 0.9%
EBIT Margin -2.5% Total Debt/Equity 54.3%
Net Income Margin 0.8% Total Debt/Capital 34.9%
Asset Turnover 0.83
Current Ratio 1.87 Net Fixed Asset Turnover 2.43
Quick Ratio 0.80 Accounts receivable turnover-days 40.27
Debt to Assets 27.00% Inventory Days 93.27
Tot Debt to Common Equity 54.33% Accounts Payable Turnover Day 57.07
Accounts Receivable Turnover 9.09 Cash Conversion Cycle 79.50
Inventory Turnover 3.92
Fiscal Year Ended
Arrium LtdPrice/Volume
Valuation Analysis
7'280'957.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
.
.
.
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GOVT OF SINGAPORE IN n/a ULT-AGG 95'706'659 7.08 14'167'150 01.11.2012 Government
AXA n/a EXCH 79'546'168 5.89 - 19.09.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 65'937'668 4.88 (13'621'870) 12.01.2011 Bank
DIMENSIONAL FUND ADV n/a EXCH 65'176'355 4.82 (2'342'808) 24.10.2012 Investment Advisor
IOOF HOLDINGS LTD n/a EXCH 62'876'144 4.65 (4'730'313) 22.02.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 20'866'735 1.54 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 14'674'411 1.09 (5'372) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 9'315'235 0.69 530'536 30.09.2012 Mutual Fund Manager
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 7'558'592 0.56 5'700'163 30.09.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 7'274'009 0.54 (176'200) 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 6'079'109 0.45 - 30.06.2011 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 5'901'870 0.44 (155'367) 31.05.2012 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 5'761'705 0.43 47'244 28.12.2012 Unclassified
PLUMMER GEOFFREY JOH n/a Co File 3'683'868 0.27 - 30.06.2011 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 3'048'956 0.23 (227'755) 31.08.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 2'698'525 0.2 (618) 25.02.2013 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 2'580'889 0.19 517'710 31.12.2012 Investment Advisor
WELLS FARGO n/a ULT-AGG 2'467'249 0.18 2'130 31.12.2012 Unclassified
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 2'272'737 0.17 38'163 31.12.2012 Mutual Fund Manager
TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 1'708'314 0.13 421'482 31.12.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie LIAM FARLOW outperform 5 M 2 12 month 21.02.2013
Deutsche Bank EMILY BEHNCKE hold 3 M 1 12 month 19.02.2013
Morgan Stanley PHILIP BARE Overwt/In-Line 5 M 1 12 month 19.02.2013
Goldman Sachs ANDREW GIBSON Buy/Neutral 5 M 1 12 month 19.02.2013
Credit Suisse MICHAEL SLIFIRSKI neutral 3 M 1 Not Provided 19.02.2013
Commonwealth Bank TOMAS VASQUEZ neutral 3 U 1 12 month 19.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
VTB Capital WIKTOR BIELSKI hold 3 M 1 12 month 15.10.2012
JPMorgan BENJAMIN X. WILSON overweight 5 M 2 3 month 17.07.2012
Holdings By:
Arrium Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Henderson Group PLC is a financial services group focused on asset management
operations in Europe, Asia and the United States. The Company provides its
institutional, retail and high net-worth clients with access to investment
advisors representing a broad range of asset classes, including equities, fixed
income, property and private equity.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (11.02.2013) 2.55
52-Week Low (25.07.2012) 1.33
Daily Volume
2.41
52-Week High % Change -5.49% Dividend Yield -
52-Week Low % Change 81.20% Beta 1.23
% 52 Week Price Range High/Low 87.70% Equity Float -
Shares Out 06.11.2012 1'113.7 Short Int -
2'684.03 1 Yr Total Return 36.28%
Total Debt 291.40 YTD Return 17.56%
Preferred Stock 0.0 Adjusted BETA 1.235
Minority Interest 0.4 Analyst Recs 10
Cash and Equivalents 273.90 Consensus Rating 4.300
Enterprise Value -
Average Volume 5 Day 2'317'486
HGG AT EQUITY YTD Change - Average Volume 30 Day 3'682'191
HGG AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'317'809
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y 12/11 Q4 03/12 Q1
340.7 366.3 488.7 686.1 - - - 469.2 501.5 - -
1.34x 2.97x 2.32x 1.66x - - - 3.75x 3.39x - -
95.0 83.8 110.5 186.2 - - - 176.8 193.2 - -
4.79x 13.00x 10.25x 6.13x - - - - - - -
(20.9) 13.8 77.9 34.0 99.7 - - 131.8 148.0 - -
- - - - - - - 13.07x 11.74x - -
EBITDA 186.20 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 18.54% Long-Term Outlook -
Pretax Margin 7.99% Short-Term Rating Date -
Return on Assets 4.20% Short-Term Rating -
Return on Common Equity 9.09%
Return on Capital 6.97% EBITDA/Interest Exp. -
Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 0.23
Gross Margin - Total Debt/EBITDA 0.96
EBITDA Margin 23.0%
EBIT Margin - Total Debt/Equity 37.0%
Net Income Margin 5.0% Total Debt/Capital 27.0%
Asset Turnover 0.42
Current Ratio - Net Fixed Asset Turnover 33.53
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 17.24% Inventory Days -
Tot Debt to Common Equity 37.03% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Henderson Group PLCPrice/Volume
Valuation Analysis
3'757'219.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 119'924'360 10.77 (12'249'753) 07.12.2012 Investment Advisor
AMP LTD n/a EXCH 43'834'201 3.94 (10'678'914) 26.10.2012 Insurance Company
JCP INVESTMENT PARTN n/a EXCH 42'994'663 3.86 (2'181'981) 01.02.2012 Investment Advisor
SUNCORP METWAY INVES n/a EXCH 37'811'932 3.4 - 01.03.2011 Bank
WESTPAC BANKING CORP n/a EXCH 36'487'919 3.28 - 25.01.2013 Bank
MACQUARIE GROUP LTD n/a ULT-AGG 8'785'317 0.79 (659'908) 31.08.2011 Investment Advisor
UBS n/a ULT-AGG 7'738'178 0.69 - 31.10.2012 Unclassified
FORMICA ANDREW JAMES n/a EXCH 4'546'427 0.41 - 31.10.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'419'930 0.31 344'626 30.09.2012 Mutual Fund Manager
JACOB DAVID JOSEPH n/a EXCH 3'257'294 0.29 - 12.12.2012 n/a
GARROOD SHIRLEY JILL n/a Co File 964'890 0.09 - 28.02.2012 n/a
UBS FUND MANAGEMENT Multiple Portfolios MF-AGG 764'904 0.07 - 31.10.2012 Investment Advisor
DARKINS JAMES n/a EXCH 554'371 0.05 (40) 12.12.2012 n/a
LEGAL & GENERAL n/a ULT-AGG 472'684 0.04 (16'391) 31.01.2013 Unclassified
ALLIANCE BERNSTEIN n/a ULT-AGG 457'500 0.04 - 31.12.2012 Investment Advisor
BPER INTERNATIONAL S Multiple Portfolios MF-AGG 230'845 0.02 - 31.10.2012 Investment Advisor
WILSON HTM INVESTMEN Multiple Portfolios MF-AGG 220'000 0.02 - 31.12.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 190'140 0.02 82'005 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 160'442 0.01 - 25.02.2013 Investment Advisor
INKA-INTERNATIONALE Multiple Portfolios MF-AGG 82'840 0.01 (26'571) 31.01.2013 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie NEIL WELCH neutral 3 M 2 12 month 19.02.2013
E.L. & C. Baillieu NICOLAS BURGESS buy 5 M 3 12 month 21.01.2013
Goldman Sachs RYAN FISHER Buy/Neutral 5 M 2 12 month 17.01.2013
Commonwealth Bank NAVEEN PATNEY neutral 3 M 2 12 month 15.01.2013
Credit Suisse DAVID BAILEY outperform 5 M 2 Not Provided 13.01.2013
Nomura ANTHONY HOO neutral 3 M 2 Not Provided 11.01.2013
Evans & Partners Pty Ltd GEORGE GABRIEL Positive 4 N #N/A N/A Not Provided 22.11.2012
JPMorgan ISMAR TUZOVIC overweight 5 M 2 3 month 15.08.2012
Deutsche Bank KIEREN CHIDGEY not rated #N/A N/A M #N/A N/A Not Provided 07.12.2010
Holdings By:
Henderson Group PLC ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Super Retail Group Ltd. operates a chain of retail stores throughout Australia.
The Stores sells a wide range of automotive parts and accessories, tools,
camping products, gardening and outdoor equipment and boating equipment
throughout Australia and New Zealand.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 11.48
52-Week Low (12.06.2012) 6.72
Daily Volume
11.11
52-Week High % Change -3.22% Dividend Yield -
52-Week Low % Change 65.33% Beta 0.86
% 52 Week Price Range High/Low 90.97% Equity Float 136.43
Shares Out 22.02.2013 196.4 Short Int -
2'182.37 1 Yr Total Return 63.76%
Total Debt 388.02 YTD Return 13.57%
Preferred Stock 0.0 Adjusted BETA 0.864
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 47.04 Consensus Rating 3.889
Enterprise Value 2'427.01
Average Volume 5 Day 702'807
SUL AT EQUITY YTD Change - Average Volume 30 Day 384'698
SUL AT EQUITY YTD % CHANGE - Average Volume 3 Month 373'712
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
715.4 828.8 938.0 1'092.3 1'654.1 - - 2'037.9 2'225.4 - -
0.52x 0.61x 0.82x 0.89x 1.06x - - 1.24x 1.13x - -
64.3 71.5 88.7 107.9 176.1 - - 242.3 273.6 - -
5.80x 7.12x 8.66x 9.00x 9.95x - - 10.02x 8.87x - -
25.8 32.1 38.1 55.6 83.5 - - 123.1 141.8 - -
9.83x 12.25x 15.88x 16.01x 15.60x - - 17.89x 15.56x - -
EBITDA 176.09 Long-Term Rating Date -
EBIT 140.68 Long-Term Rating -
Operating Margin 8.51% Long-Term Outlook -
Pretax Margin 7.26% Short-Term Rating Date -
Return on Assets 7.45% Short-Term Rating -
Return on Common Equity 15.95%
Return on Capital - EBITDA/Interest Exp. 7.88
Asset Turnover 1.32% (EBITDA-Capex)/Interest Exp. 5.18
Net Debt/EBITDA -
Gross Margin 43.9% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 9.2% Total Debt/Equity 56.3%
Net Income Margin 5.0% Total Debt/Capital 36.0%
Asset Turnover 1.32
Current Ratio 2.17 Net Fixed Asset Turnover 11.87
Quick Ratio 0.29 Accounts receivable turnover-days 4.99
Debt to Assets 28.01% Inventory Days 150.82
Tot Debt to Common Equity 56.33% Accounts Payable Turnover Day 83.07
Accounts Receivable Turnover 72.94 Cash Conversion Cycle 105.60
Inventory Turnover 2.41
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Super Retail Group LtdPrice/Volume
Valuation Analysis
717'042.00
Current Price (2/dd/yy) Market Data
-
/
1
3
5
.-
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.&- 9
.&2 9
/&- 9
/&2 9
0&- 9
0&2 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
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/-&--
/2&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ROWE REGINALD ALLEN n/a Co File 56'954'670 28.99 - 30.06.2012 n/a
BENNELONG FUNDS MANA n/a EXCH 15'296'165 7.79 2'046'106 22.12.2011 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 11'040'485 5.62 1'355'186 06.08.2012 Bank
AMP LTD n/a EXCH 9'831'078 5 (1'377'404) 14.02.2012 Insurance Company
BIRTLES PETER ALAN n/a EXCH 1'942'596 0.99 50'000 03.09.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'416'034 0.72 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'412'651 0.72 14'897 31.12.2012 Investment Advisor
VONTOBEL ASSET MANAG Multiple Portfolios MF-AGG 1'100'994 0.56 - 31.10.2012 Investment Advisor
AMP LIFE LTD n/a Co File 1'026'412 0.52 - 21.08.2012 Investment Advisor
GEOMAR SUPERANNUATIO n/a Co File 964'761 0.49 - 21.08.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 681'179 0.35 (5'762) 30.09.2012 Mutual Fund Manager
THORN BOB E n/a Co File 648'368 0.33 - 21.08.2012 n/a
QUEENSLAND INVESTMEN n/a Co File 626'403 0.32 - 21.08.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 501'775 0.26 198'387 31.08.2011 Investment Advisor
GRANDEUR PEAK GLOBAL Multiple Portfolios MF-AGG 392'605 0.2 22'500 31.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 289'503 0.15 - 25.02.2013 Investment Advisor
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 223'673 0.11 - 31.10.2012 Unclassified
FMR LLC n/a ULT-AGG 175'457 0.09 (191'016) 31.10.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 149'382 0.08 - 25.02.2013 Investment Advisor
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 144'152 0.07 (755) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 26.02.2013
Macquarie ADAM SIMPSON outperform 5 M 12 12 month 21.02.2013
Ord Minnett PARESH PATEL hold 3 D 11 Not Provided 21.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY buy 5 M 12 Not Provided 21.02.2013
Moelis & Company TODD W GUYOT buy 5 M 13 12 month 21.02.2013
RBS Morgans JOSEPHINE LITTLE outperform 5 U 12 12 month 21.02.2013
Octa Phillip Securities Ltd KEN WAGNER buy 5 M 13 Not Provided 21.02.2013
Deutsche Bank JENNIFER KRUK hold 3 M 10 12 month 20.02.2013
Morgan Stanley CHRIS NICOL Overwt/In-Line 5 M 13 12 month 20.02.2013
Goldman Sachs GEORGE BATSAKIS Buy/Neutral 5 M 11 12 month 20.02.2013
Credit Suisse GRANT SALIGARI underperform 1 M 10 Not Provided 20.02.2013
Commonwealth Bank JORDAN ROGERS neutral 3 D 10 12 month 20.02.2013
Nomura DAVID COOKE neutral 3 M 11 Not Provided 20.02.2013
Bell Potter SAM HADDAD buy 5 M 12 12 month 20.02.2013
Shaw Stockbroking DANNY YOUNIS buy 5 N #N/A N/A Not Provided 19.08.2011
Evans & Partners Pty Ltd TONY WILSON neutral 3 D #N/A N/A Not Provided 26.08.2010
Holdings By:
Super Retail Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
David Jones Limited is a department store retailer operating under the David
Jones name with stores located throughout Australia. David Jones also conducts
a credit card business under David Jones Credit Card and operates the David
Jones Warehouse store which is a clearance center store.
Latest Fiscal Year: 07/2012
LTM as of: 01/yy
52-Week High (01.03.2012) 2.84
52-Week Low (06.06.2012) 2.10
Daily Volume
2.73
52-Week High % Change -3.87% Dividend Yield 6.41
52-Week Low % Change 30.00% Beta 1.16
% 52 Week Price Range High/Low 81.08% Equity Float 527.57
Shares Out 05.11.2012 531.8 Short Int -
1'451.78 1 Yr Total Return 6.37%
Total Debt 136.01 YTD Return 15.68%
Preferred Stock 0.0 Adjusted BETA 1.157
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 20.54 Consensus Rating 2.063
Enterprise Value 1'567.25
Average Volume 5 Day 2'382'143
DJS AT EQUITY YTD Change - Average Volume 30 Day 2'961'793
DJS AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'497'609
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.07.2008 31.07.2009 31.07.2010 31.07.2011 31.07.2012 01/yy 01/yy 07/13 Y 07/14 Y - -
2'098.0 1'985.5 2'053.1 1'961.7 1'867.8 - - 1'892.1 1'951.9 - -
0.97x 1.32x 1.22x 0.84x 0.74x - - 0.84x 0.82x - -
180.5 206.5 241.4 237.8 149.6 - - 206.5 204.0 - -
11.31x 12.67x 10.39x 6.97x 9.21x - - 7.59x 7.68x - -
147.3 156.5 170.8 168.1 101.1 - - 98.6 94.3 - -
10.78x 16.03x 14.12x 9.09x 12.37x - - 14.68x 15.42x - -
EBITDA 149.62 Long-Term Rating Date -
EBIT 97.67 Long-Term Rating -
Operating Margin 5.23% Long-Term Outlook -
Pretax Margin 7.70% Short-Term Rating Date -
Return on Assets 8.23% Short-Term Rating -
Return on Common Equity 12.95%
Return on Capital 11.89% EBITDA/Interest Exp. 13.75
Asset Turnover 1.52% (EBITDA-Capex)/Interest Exp. 7.31
Net Debt/EBITDA 0.77
Gross Margin 37.5% Total Debt/EBITDA 0.91
EBITDA Margin 8.0%
EBIT Margin 5.2% Total Debt/Equity 17.5%
Net Income Margin 5.4% Total Debt/Capital 14.9%
Asset Turnover 1.52
Current Ratio 1.06 Net Fixed Asset Turnover 2.31
Quick Ratio 0.09 Accounts receivable turnover-days 1.77
Debt to Assets 10.96% Inventory Days 88.50
Tot Debt to Common Equity 17.53% Accounts Payable Turnover Day 36.50
Accounts Receivable Turnover 205.47 Cash Conversion Cycle 53.77
Inventory Turnover 4.11
Fiscal Year Ended
David Jones LtdPrice/Volume
Valuation Analysis
1'860'039.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
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/-&- 9
/2&- 9
0-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ALLAN GRAY AUSTRALIA n/a EXCH 38'348'285 7.21 5'788'783 18.12.2012 Investment Advisor
UBS n/a ULT-AGG 32'031'109 6.02 4'994'627 31.01.2013 Unclassified
AUSBIL DEXIA LIMITED n/a Co File 27'612'503 5.19 - 26.09.2012 Investment Advisor
MATTHEWS INTERNATION n/a EXCH 23'176'553 4.36 (4'069'893) 21.05.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 13'474'708 2.53 - 25.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'575'928 1.05 108'829 31.12.2012 Investment Advisor
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 4'548'742 0.86 (846'381) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'009'704 0.75 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'964'704 0.75 466'519 30.09.2012 Mutual Fund Manager
WADDELL & REED FINAN Multiple Portfolios MF-AGG 3'824'691 0.72 91'910 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 3'721'099 0.7 - 25.02.2013 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 3'426'706 0.64 - 30.06.2011 Investment Advisor
ABERDEEN n/a ULT-AGG 3'234'909 0.61 (125'691) 31.01.2013 Unclassified
AGF INVESTMENTS INC Multiple Portfolios MF-AGG 2'988'500 0.56 103'300 28.09.2012 Investment Advisor
GODDARD STEPHEN THOM n/a EXCH 2'312'032 0.43 - 31.10.2012 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'881'838 0.35 (102'895) 31.12.2012 Investment Advisor
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 1'346'534 0.25 77'094 31.10.2012 Investment Advisor
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 1'342'416 0.25 41'160 31.12.2012 Investment Advisor
ZAHRA PAUL n/a EXCH 1'274'676 0.24 - 21.01.2013 n/a
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'232'306 0.23 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank MICHAEL SIMOTAS hold 3 M 2 12 month 14.02.2013
Morgan Stanley THOMAS KIERATH Underwt/In-Line 1 M 2 12 month 14.02.2013
Credit Suisse GRANT SALIGARI underperform 1 M 2 Not Provided 14.02.2013
JPMorgan SHAUN COUSINS underweight 1 M 2 9 month 14.02.2013
Macquarie ROB BLYTHE neutral 3 M 2 12 month 14.02.2013
Commonwealth Bank ANDREW MCLENNAN neutral 3 M 3 12 month 14.02.2013
Nomura NICK BERRY reduce 2 M 2 Not Provided 14.02.2013
Goldman Sachs PHILLIP KIMBER Sell/Cautious 1 M 2 12 month 13.02.2013
CIMB DANIEL BROEREN neutral 3 M 2 12 month 21.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Octa Phillip Securities Ltd KEN WAGNER sell 1 D 2 Not Provided 15.11.2012
Evans & Partners Pty Ltd TONY WILSON neutral 3 U #N/A N/A Not Provided 20.09.2012
Holdings By:
David Jones Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
DuluxGroup Ltd. manufactures and supplies paints and other surface coatings to
the decorative and technical markets. The Company also offers home improvement
and garden care products.
Latest Fiscal Year: 09/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 4.32
52-Week Low (04.06.2012) 2.84
Daily Volume
3.99
52-Week High % Change -7.64% Dividend Yield 3.88
52-Week Low % Change 40.49% Beta 0.72
% 52 Week Price Range High/Low 83.11% Equity Float 333.52
Shares Out 19.12.2012 374.5 Short Int -
1'494.28 1 Yr Total Return 36.90%
Total Debt 258.76 YTD Return 5.56%
Preferred Stock 0.0 Adjusted BETA 0.717
Minority Interest 13.0 Analyst Recs 13
Cash and Equivalents 25.30 Consensus Rating 3.308
Enterprise Value 1'740.70
Average Volume 5 Day 1'108'599
DLX AT EQUITY YTD Change - Average Volume 30 Day 1'412'453
DLX AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'143'335
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 01/yy 01/yy 09/13 Y 09/14 Y - -
- 35.7 775.7 996.4 1'067.8 - - 1'365.4 1'502.5 - -
- - - 1.15x 1.36x - - 1.37x 1.22x - -
- 1.8 114.1 98.4 134.8 - - 181.0 199.9 - -
- - - 11.67x 10.80x - - 9.62x 8.71x - -
- (0.0) 61.3 93.2 89.5 - - 88.3 98.8 - -
- - - 9.81x 13.36x - - 16.76x 15.06x - -
EBITDA 134.79 Long-Term Rating Date -
EBIT 111.50 Long-Term Rating -
Operating Margin 10.44% Long-Term Outlook -
Pretax Margin 10.38% Short-Term Rating Date -
Return on Assets 12.98% Short-Term Rating -
Return on Common Equity 58.05%
Return on Capital 24.45% EBITDA/Interest Exp. 6.28
Asset Turnover 1.55% (EBITDA-Capex)/Interest Exp. 5.05
Net Debt/EBITDA 1.73
Gross Margin - Total Debt/EBITDA 1.92
EBITDA Margin 12.6%
EBIT Margin 10.4% Total Debt/Equity 152.3%
Net Income Margin 8.4% Total Debt/Capital 58.6%
Asset Turnover 1.55
Current Ratio 1.40 Net Fixed Asset Turnover 5.40
Quick Ratio 0.81 Accounts receivable turnover-days 55.43
Debt to Assets 36.46% Inventory Days -
Tot Debt to Common Equity 152.31% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.60 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
DuluxGroup LtdPrice/Volume
Valuation Analysis
1'236'803.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//00112
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3&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SCHRODER INVESTMENT n/a EXCH 34'719'268 9.27 (3'961'029) 18.02.2013 Investment Advisor
WESTPAC BANKING CORP n/a Co File 27'481'035 7.34 - 26.10.2012 Bank
COMMONWEALTH BANK OF n/a Co File 26'323'605 7.03 - 26.10.2012 Bank
TREASURY GROUP LTD n/a Co File 21'139'140 5.64 - 26.10.2012 Corporation
PERPETUAL LTD n/a EXCH 19'541'564 5.22 (3'692'513) 04.05.2012 Investment Advisor
ELLERSTON CAPITAL LT n/a EXCH 19'098'621 5.1 - 14.12.2012 Corporation
BLACKROCK n/a ULT-AGG 18'650'143 4.98 (499'242) 25.02.2013 Investment Advisor
UBS n/a ULT-AGG 14'870'989 3.97 (4'489'146) 05.10.2011 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'008'290 1.07 58'316 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'640'843 0.71 161'356 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 2'509'000 0.67 - 29.06.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'326'435 0.62 - 31.07.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 2'064'698 0.55 - 30.06.2011 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 717'364 0.19 - 31.01.2013 Investment Advisor
MORGAN STANLEY n/a ULT-AGG 702'409 0.19 685'258 31.12.2012 Investment Advisor
WASATCH ADVISORS INC Multiple Portfolios MF-AGG 673'719 0.18 - 31.12.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 581'500 0.16 144'208 26.03.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 446'872 0.12 78'940 31.08.2011 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 363'567 0.1 - 25.02.2013 Investment Advisor
TOUCHSTONE ADVISORS Multiple Portfolios MF-AGG 307'327 0.08 (12'845) 31.12.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DANIEL PORTER neutral 3 M 3 Not Provided 08.02.2013
Goldman Sachs JIM GODSIL neutral/neutral 3 M 4 12 month 21.01.2013
Bell Potter JONATHAN SNAPE hold 3 D 4 12 month 18.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
Macquarie CAMERON PIERCE outperform 5 M 4 12 month 10.01.2013
Moelis & Company ADAM S MICHELL hold 3 M 4 12 month 15.11.2012
Deutsche Bank MARK WILSON hold 3 M 3 12 month 14.11.2012
JPMorgan RICHARD SZABO neutral 3 M 3 9 month 14.11.2012
CIMB JULIAN GUIDO neutral 3 M 3 12 month 14.11.2012
Commonwealth Bank MICHAEL WARD neutral 3 M 3 12 month 14.11.2012
Holdings By:
DuluxGroup Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Seven West Media Limited is a national multi-platform media business based in
Australia. The Company's operations include a television network, magazines,
newspapers, radio, and Internet.
Latest Fiscal Year: 06/2012
LTM as of: 12/yy
52-Week High (05.03.2012) 3.85
52-Week Low (08.11.2012) 1.07
Daily Volume
2.35
52-Week High % Change -38.91% Dividend Yield -
52-Week Low % Change 119.63% Beta 1.18
% 52 Week Price Range High/Low 47.53% Equity Float 564.49
Shares Out 31.12.2012 999.2 Short Int -
2'348.03 1 Yr Total Return -29.73%
Total Debt 1'929.80 YTD Return 43.29%
Preferred Stock 250.0 Adjusted BETA 1.184
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 75.05 Consensus Rating 3.938
Enterprise Value 3'610.71
Average Volume 5 Day 7'427'351
SWM AT EQUITY YTD Change - Average Volume 30 Day 5'722'499
SWM AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'158'088
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 09/yy 12/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
469.9 417.6 408.7 725.7 1'937.1 764.1 309.6 1'900.5 1'917.0 - -
4.18x 2.92x 4.04x 6.38x 1.69x 0.00x 0.00x 2.06x 2.02x - -
209.6 172.3 170.2 299.9 654.6 0.0 0.0 477.1 492.7 - -
9.36x 7.07x 9.69x 15.44x 4.99x 0.00x 0.00x 7.57x 7.33x - -
109.9 87.2 96.2 115.1 226.9 188.7 72.1 223.3 242.5 - -
13.93x 10.36x 14.41x 10.36x 5.24x 0.00x 0.00x 11.30x 10.22x - -
EBITDA 654.62 Long-Term Rating Date -
EBIT 453.11 Long-Term Rating -
Operating Margin 23.39% Long-Term Outlook -
Pretax Margin 16.79% Short-Term Rating Date -
Return on Assets -0.92% Short-Term Rating -
Return on Common Equity -1.66%
Return on Capital - EBITDA/Interest Exp. 4.31
Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. 4.14
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 20.2% Total Debt/Equity 81.4%
Net Income Margin 11.7% Total Debt/Capital 42.4%
Asset Turnover 0.40
Current Ratio 1.23 Net Fixed Asset Turnover 7.51
Quick Ratio 0.94 Accounts receivable turnover-days 52.62
Debt to Assets 38.30% Inventory Days -
Tot Debt to Common Equity 81.45% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.96 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Seven West Media LtdPrice/Volume
Valuation Analysis
3'762'040.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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/-&- 9
0-&- 9
1-&- 9
2-&- 9
3-&- 9
4-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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3&--
5&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SEVEN MEDIA GROUP #N/A N/A EXCH 334'788'846 33.51 - 21.02.2013 Other
KKR AUSTRALIA III TR n/a Research 78'600'402 7.87 - 16.07.2012 n/a
STOKES KERRY MATTHEW n/a EXCH 18'727'451 1.87 11'201 21.02.2013 n/a
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 11'022'700 1.1 (2'204'413) 31.12.2012 Investment Advisor
AMP LIFE LTD n/a Co File 8'769'029 0.88 - 25.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'919'369 0.59 165'253 31.12.2012 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 5'507'434 0.55 - 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 5'107'735 0.51 2'033'484 30.09.2012 Mutual Fund Manager
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 4'765'947 0.48 - 25.02.2013 Investment Advisor
AUSTRALIAN FOUNDATIO n/a Co File 4'436'845 0.44 - 25.09.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 3'716'800 0.37 3'716'800 30.09.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 3'122'000 0.31 - 30.06.2011 Investment Advisor
QIC LTD n/a Co File 2'956'171 0.3 - 25.09.2012 Investment Advisor
RUSSELL INVESTMENT M Multiple Portfolios MF-AGG 2'885'286 0.29 - 26.02.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'531'629 0.25 - 31.07.2012 Investment Advisor
DEXIA ASSET MANAGEME Multiple Portfolios MF-AGG 1'411'276 0.14 - 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'023'456 0.1 7'112 25.02.2013 Investment Advisor
LECKIE DAVID JOHN n/a EXCH 751'252 0.08 - 30.06.2012 n/a
MCWILLIAM BRUCE I n/a EXCH 583'879 0.06 194'627 17.08.2012 n/a
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 536'102 0.05 536'102 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley ANDREW MCLEOD Underwt/Cautious 1 M 2 12 month 26.02.2013
Macquarie DERRYN CHIN outperform 5 M 2 12 month 21.02.2013
Deutsche Bank VIKAS GOUR hold 3 M 2 12 month 20.02.2013
Credit Suisse SAMANTHA CARLETON outperform 5 M 3 Not Provided 20.02.2013
JPMorgan JARROD MCDONALD overweight 5 M 2 3 month 20.02.2013
CIMB FRASER MCLEISH outperform 5 M 3 12 month 20.02.2013
BBY Limited MARK MCDONNELL strong buy 5 M 3 12 month 20.02.2013
Commonwealth Bank ALICE BENNETT overweight 5 M 3 12 month 20.02.2013
Nomura DANIEL BLAIR reduce 2 M 2 Not Provided 20.02.2013
Paterson Securities GRAEME CARSON hold 3 D 2 12 month 20.02.2013
Goldman Sachs CHRISTIAN GUERRA neutral/cautious 3 M 2 12 month 31.01.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Seven West Media Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Harvey Norman Holdings Limited is a holding company for companies and trusts in
a third party franchise agreement. The franchises operate stores under the name
"Harvey Norman Discounts," selling homewares and electrical goods. The Company
also provides advisory and advertising to the franchises. In addition, the
Company provides consumer finance and has property investments.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (12.02.2013) 2.42
52-Week Low (06.12.2012) 1.74
Daily Volume
2.28
52-Week High % Change -5.79% Dividend Yield 3.95
52-Week Low % Change 31.03% Beta 1.11
% 52 Week Price Range High/Low 80.88% Equity Float 479.26
Shares Out 30.06.2012 1'062.3 Short Int -
2'422.08 1 Yr Total Return 11.17%
Total Debt 779.35 YTD Return 20.00%
Preferred Stock 0.0 Adjusted BETA 1.114
Minority Interest 30.9 Analyst Recs 15
Cash and Equivalents 196.86 Consensus Rating 1.800
Enterprise Value 3'035.50
Average Volume 5 Day 6'752'568
HVN AT EQUITY YTD Change - Average Volume 30 Day 3'884'546
HVN AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'180'543
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'357.0 2'417.3 2'368.6 2'545.4 2'353.0 - - 2'365.9 2'445.6 - -
1.63x 1.65x 1.65x 1.23x 1.14x - - 1.31x 1.27x - -
492.8 418.8 463.4 408.3 321.2 - - 366.3 398.8 - -
7.78x 9.52x 8.45x 7.66x 8.36x - - 8.29x 7.61x - -
358.4 214.4 231.4 252.3 172.5 - - 166.8 182.5 - -
9.15x 16.35x 15.20x 10.48x 12.01x - - 14.52x 13.33x - -
EBITDA 321.16 Long-Term Rating Date -
EBIT 233.10 Long-Term Rating -
Operating Margin 9.91% Long-Term Outlook -
Pretax Margin 9.66% Short-Term Rating Date -
Return on Assets 4.34% Short-Term Rating -
Return on Common Equity 7.79%
Return on Capital 7.15% EBITDA/Interest Exp. 7.03
Asset Turnover 0.59% (EBITDA-Capex)/Interest Exp. 2.71
Net Debt/EBITDA 1.81
Gross Margin 56.4% Total Debt/EBITDA 2.43
EBITDA Margin 13.6%
EBIT Margin 9.9% Total Debt/Equity 34.9%
Net Income Margin 7.3% Total Debt/Capital 25.6%
Asset Turnover 0.59
Current Ratio 1.63 Net Fixed Asset Turnover 1.09
Quick Ratio 1.30 Accounts receivable turnover-days 157.51
Debt to Assets 19.72% Inventory Days 107.11
Tot Debt to Common Equity 34.86% Accounts Payable Turnover Day 241.31
Accounts Receivable Turnover 2.32 Cash Conversion Cycle 23.31
Inventory Turnover 3.42
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Harvey Norman Holdings LtdPrice/Volume
Valuation Analysis
3'388'116.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
.1&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HARVEY GERALD n/a EXCH 313'484'571 29.51 200'039 06.12.2012 n/a
DIMBULU PTY LIMITED n/a Co File 175'249'660 16.5 - 27.09.2012 Other
PERPETUAL LTD n/a EXCH 123'934'904 11.67 12'629'262 12.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 52'963'628 4.99 - 22.01.2013 Bank
HARVEY MARGARET LYNE n/a Co File 49'990'575 4.71 - 27.09.2012 n/a
FMR LLC n/a ULT-AGG 24'526'654 2.31 - 31.12.2012 Investment Advisor
ENBEEAR PTY LTD n/a Co File 17'118'200 1.61 - 27.09.2012 Other
PAGE KAY LESLEY n/a Co File 16'995'133 1.6 - 28.09.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 11'097'544 1.04 254'173 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 5'576'587 0.52 8'663 25.02.2013 Investment Advisor
ARGO INVESTMENTS LTD n/a Co File 4'030'000 0.38 - 27.09.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 3'945'966 0.37 - 27.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'291'776 0.31 420'920 31.08.2011 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 3'053'456 0.29 229'217 26.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'037'335 0.29 8'364 30.09.2012 Mutual Fund Manager
HARVEY MICHAEL JOHN n/a Co File 2'845'553 0.27 - 28.09.2012 n/a
BOND STREET CUSTODIA n/a Co File 1'869'646 0.18 - 27.09.2012 Other
ALLIANCE BERNSTEIN n/a ULT-AGG 1'817'820 0.17 - 31.12.2012 Investment Advisor
OMNILAB MEDIA INV PT n/a Co File 1'805'078 0.17 - 27.09.2012 Corporation
AMP LIFE LTD n/a Co File 1'704'354 0.16 - 27.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank ANDREW MCLENNAN underweight 1 M 2 12 month 11.02.2013
Credit Suisse GRANT SALIGARI underperform 1 M 2 Not Provided 10.02.2013
JPMorgan SHAUN COUSINS neutral 3 M 2 9 month 08.02.2013
Morgan Stanley THOMAS KIERATH Underwt/In-Line 1 M 2 12 month 05.02.2013
Nomura DAVID COOKE reduce 2 M 2 Not Provided 24.01.2013
CIMB DANIEL BROEREN outperform 5 M 2 12 month 21.01.2013
Macquarie ROB BLYTHE underperform 1 M 2 12 month 15.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Deutsche Bank MICHAEL SIMOTAS hold 3 D 2 12 month 28.11.2012
Goldman Sachs PHILLIP KIMBER Sell/Cautious 1 M 2 12 month 07.11.2012
Evans & Partners Pty Ltd TONY WILSON negative 2 D #N/A N/A Not Provided 06.09.2012
Holdings By:
Harvey Norman Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Fletcher Building Limited manufactures, distributes and sells materials for the
building industry including wood fiber-based products, cement and aggregates,
plasterboard, laminates, lumber and aluminium extrusion. The Company operates
primarily in New Zealand and Australia. The Company is also involved in
residential and commercial construction and operates distribution outlets.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (31.01.2013) 7.68
52-Week Low (25.07.2012) 4.34
Daily Volume
7.18
52-Week High % Change -6.51% Dividend Yield -
52-Week Low % Change 65.44% Beta 0.78
% 52 Week Price Range High/Low 83.83% Equity Float 676.29
Shares Out 17.10.2012 684.8 Short Int -
4'916.82 1 Yr Total Return 50.87%
Total Debt 2'146.00 YTD Return 8.13%
Preferred Stock 0.0 Adjusted BETA 0.775
Minority Interest 32.0 Analyst Recs 14
Cash and Equivalents 168.00 Consensus Rating 3.143
Enterprise Value 8'092.57
Average Volume 5 Day 1'778'981
FBU AT EQUITY YTD Change - Average Volume 30 Day 2'207'015
FBU AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'829'938
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
7'091.0 7'103.0 6'799.0 7'416.0 8'873.0 - - 8'922.9 9'810.8 - -
0.72x 0.75x 0.87x 1.04x 0.67x - - 0.90x 0.81x - -
827.0 652.0 699.0 729.0 752.0 - - 817.8 969.0 - -
6.14x 8.21x 8.43x 10.61x 7.96x - - 9.90x 8.35x - -
467.0 (46.0) 272.0 283.0 185.0 - - 332.7 440.4 - -
- - - - - - - 18.47x 14.15x - -
EBITDA 752.00 Long-Term Rating Date -
EBIT 522.00 Long-Term Rating -
Operating Margin 5.88% Long-Term Outlook -
Pretax Margin 2.83% Short-Term Rating Date -
Return on Assets 2.47% Short-Term Rating -
Return on Common Equity 5.11%
Return on Capital 5.28% EBITDA/Interest Exp. 5.30
Asset Turnover 1.18% (EBITDA-Capex)/Interest Exp. 3.46
Net Debt/EBITDA 2.63
Gross Margin 25.1% Total Debt/EBITDA 2.85
EBITDA Margin 8.5%
EBIT Margin 5.9% Total Debt/Equity 60.1%
Net Income Margin 2.1% Total Debt/Capital 37.3%
Asset Turnover 1.18
Current Ratio 1.61 Net Fixed Asset Turnover 3.90
Quick Ratio 0.67 Accounts receivable turnover-days 46.86
Debt to Assets 28.62% Inventory Days 81.85
Tot Debt to Common Equity 60.10% Accounts Payable Turnover Day 73.09
Accounts Receivable Turnover 7.81 Cash Conversion Cycle 55.62
Inventory Turnover 4.47
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Fletcher Building LtdPrice/Volume
Valuation Analysis
1'151'411.00
Current Price (2/dd/yy) Market Data
-./0123456
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.&- 9/&- 90&- 91&- 92&- 93&- 94&- 95&- 96&- 9
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
8'000.0
9'000.0
10'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
-&5-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JP MORGAN CHASE BANK n/a Research 114'454'830 16.71 - 01.02.2013 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 64'323'596 9.39 - 31.12.2012 Investment Advisor
AMP LIMITED n/a EXCH 34'361'161 5.02 - 13.02.2013 Investment Advisor
INCOME FUND OF AMERI n/a EXCH 34'239'000 5 - 18.10.2012 n/a
ACCIDENT COMPENSATIO n/a Research 25'455'758 3.72 (1'630'147) 01.02.2013 Insurance Company
PERPETUAL LTD n/a EXCH 19'079'167 2.79 (19'411'529) 11.04.2012 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 17'534'762 2.56 (17'598'492) 06.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 14'215'535 2.08 (1'238'059) 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 13'674'651 2 9'834 25.02.2013 Investment Advisor
ONEPATH (NZ) LIMITED n/a Research 9'153'317 1.34 - 16.11.2012 Insurance Company
RBC DEXIA INVESTOR S n/a Co File 8'737'528 1.28 - 31.07.2012 Corporation
FORSYTH BARR LTD n/a Co File 6'908'612 1.01 - 31.07.2012 Bank
LORD ABBETT & CO LLC Multiple Portfolios MF-AGG 5'913'539 0.86 4'263'539 31.12.2012 Investment Advisor
WESTPAC NZ SHR 2002 n/a Research 4'053'275 0.59 - 16.11.2012 Bank
SOUTHERN STEEL GROUP n/a Research 3'989'365 0.58 - 01.02.2013 Corporation
MASFEN SECURITIES LI n/a Research 3'540'070 0.52 - 16.11.2012 Other
FLETCHER BUILD SHARE n/a Co File 2'679'775 0.39 - 31.07.2012 Corporation
SUMITOMO MITSUI ASSE Multiple Portfolios MF-AGG 2'467'057 0.36 1'457 18.07.2012 Investment Advisor
FLETCHER BUILDING ED n/a Research 2'069'462 0.3 - 16.11.2012 n/a
INVESCO LTD Multiple Portfolios MF-AGG 1'607'924 0.23 1'550'000 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank EMILY BEHNCKE buy 5 M 8 12 month 20.02.2013
JPMorgan JASON HARLEY STEED underweight 1 M 6 6 month 20.02.2013
Macquarie STEPHEN HUDSON neutral 3 M 6 12 month 20.02.2013
CIMB ANDREW G SCOTT outperform 5 M 8 12 month 20.02.2013
Commonwealth Bank MICHAEL WARD underweight 1 M 7 12 month 20.02.2013
Nomura DANIEL PORTER neutral 3 M 7 Not Provided 20.02.2013
Forsyth Barr ANDREW BOWLEY hold 3 D 7 12 month 20.02.2013
First NZ Capital KAR YUE YEO neutral 3 M 7 Not Provided 20.02.2013
Goldman Sachs MATTHEW HENRY neutral/neutral 3 D 7 12 month 08.02.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Fletcher Building Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
PanAust Limited explores for gold and copper through its exploration projects in
Laos and Thailand.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (29.02.2012) 3.67
52-Week Low (19.07.2012) 2.19
Daily Volume
2.73
52-Week High % Change -25.61% Dividend Yield 2.52
52-Week Low % Change 24.66% Beta 1.71
% 52 Week Price Range High/Low 37.16% Equity Float 488.32
Shares Out 25.02.2013 614.4 Short Int -
1'677.33 1 Yr Total Return -23.22%
Total Debt 164.74 YTD Return -18.26%
Preferred Stock 0.0 Adjusted BETA 1.713
Minority Interest 108.6 Analyst Recs 20
Cash and Equivalents 125.03 Consensus Rating 4.150
Enterprise Value 1'856.72
Average Volume 5 Day 5'968'129
PNA AT EQUITY YTD Change - Average Volume 30 Day 4'696'434
PNA AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'154'791
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
106.7 345.7 591.2 575.7 712.7 - - 831.2 863.4 - -
3.91x 4.44x 4.42x 3.47x 3.10x - - 2.06x 1.78x - -
(26.0) 120.8 301.6 256.1 326.7 - - 375.4 409.3 - -
- 12.72x 8.66x 7.81x 6.75x - - 4.95x 4.54x - -
(40.0) 19.0 143.4 132.1 142.3 - - 178.3 204.5 - -
- 58.98x 18.61x 14.60x 14.43x - - 9.46x 8.28x - -
EBITDA 326.75 Long-Term Rating Date -
EBIT 236.41 Long-Term Rating -
Operating Margin 33.17% Long-Term Outlook -
Pretax Margin 29.80% Short-Term Rating Date -
Return on Assets 10.96% Short-Term Rating -
Return on Common Equity 16.81%
Return on Capital 15.69% EBITDA/Interest Exp. 22.16
Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. 12.83
Net Debt/EBITDA 0.12
Gross Margin - Total Debt/EBITDA 0.51
EBITDA Margin 45.6%
EBIT Margin 33.2% Total Debt/Equity 18.0%
Net Income Margin 20.0% Total Debt/Capital 13.9%
Asset Turnover 0.55
Current Ratio 1.08 Net Fixed Asset Turnover 0.73
Quick Ratio 0.56 Accounts receivable turnover-days 2.64
Debt to Assets 11.74% Inventory Days -
Tot Debt to Common Equity 17.99% Accounts Payable Turnover Day -
Accounts Receivable Turnover 138.76 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
PanAust LtdPrice/Volume
Valuation Analysis
4'644'438.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
02&--
-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GUANGDONG RISING ASS n/a EXCH 116'703'470 18.99 - 18.09.2009 Corporation
IOOF HOLDINGS LTD n/a EXCH 29'833'860 4.86 (3'367'219) 01.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 29'037'909 4.73 (1'554'580) 12.12.2011 Bank
BLACKROCK n/a ULT-AGG 11'468'125 1.87 4'381'452 25.02.2013 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 9'531'308 1.55 (1'198'000) 31.12.2012 Investment Advisor
STAFFORD GARY R n/a EXCH 7'294'182 1.19 - 31.12.2012 n/a
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 7'169'825 1.17 60'977 31.12.2012 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 5'944'690 0.97 (24'210'874) 03.06.2011 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'204'829 0.85 23'652 31.12.2012 Investment Advisor
NORDEA INV MANAGEMEN Multiple Portfolios MF-AGG 2'662'548 0.43 779'709 31.12.2012 Investment Advisor
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 2'519'868 0.41 (69'591) 31.10.2012 Unclassified
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'455'166 0.4 (20'330) 30.09.2012 Mutual Fund Manager
UNION INVESTMENT LUX Multiple Portfolios MF-AGG 1'800'000 0.29 - 28.09.2012 Investment Advisor
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 1'748'270 0.28 - 28.09.2012 Investment Advisor
UBS n/a ULT-AGG 1'680'101 0.27 - 31.10.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'579'258 0.26 - 31.07.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'242'640 0.2 1'242'640 31.08.2011 Investment Advisor
GAMCO n/a ULT-AGG 1'087'511 0.18 (700'000) 28.09.2012 Unclassified
NORDEA INVESTMENT FU Multiple Portfolios MF-AGG 1'075'697 0.18 160'194 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 847'780 0.14 28'693 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY buy/attractive 5 U 3 12 month 26.02.2013
EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 26.02.2013
Investec TIM GERRARD buy 5 U 3 12 month 22.02.2013
Macquarie ANDREW SULLIVAN outperform 5 M 3 12 month 22.02.2013
Wilson HTM Investment Group CAMERON JUDD buy 5 M 4 Not Provided 22.02.2013
Bell Potter STUART HOWE buy 5 M 4 12 month 22.02.2013
Deutsche Bank BRETT MCKAY buy 5 M 3 12 month 21.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 4 12 month 21.02.2013
RBC Capital Markets GEOFF BREEN sector perform 3 M 3 12 month 21.02.2013
Credit Suisse MICHAEL SLIFIRSKI neutral 3 U 3 Not Provided 21.02.2013
JPMorgan JOSEPH KIM overweight 5 M 3 9 month 21.02.2013
Commonwealth Bank ANDREW KNUCKEY neutral 3 M 3 12 month 21.02.2013
Nomura DAVID COTTERELL neutral 3 M 3 Not Provided 21.02.2013
RBS Morgans TOM SARTOR outperform 5 M 3 12 month 24.01.2013
Canaccord Genuity Corp JEAN-FRANCOIS BERTINCOURT buy 5 M 4 Not Provided 23.01.2013
Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 18.12.2012
BMO Capital Markets TEAM COVERAGE not rated #N/A N/A M #N/A N/A Not Provided 22.11.2012
Holdings By:
PanAust Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Atlas Iron Limited is an iron ore producer with mining operations primarily
located in Western Australia. The Company also has gold and base metal mining
operations.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 3.29
52-Week Low (05.09.2012) 1.15
Daily Volume
1.48
52-Week High % Change -55.02% Dividend Yield 2.03
52-Week Low % Change 29.26% Beta 1.54
% 52 Week Price Range High/Low 18.65% Equity Float 793.24
Shares Out 31.12.2012 909.7 Short Int -
1'346.38 1 Yr Total Return -52.50%
Total Debt 21.10 YTD Return -17.32%
Preferred Stock 0.0 Adjusted BETA 1.539
Minority Interest 0.0 Analyst Recs 22
Cash and Equivalents 405.61 Consensus Rating 3.364
Enterprise Value 1'196.37
Average Volume 5 Day 10'988'160
AGO AT EQUITY YTD Change - Average Volume 30 Day 10'789'340
AGO AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'507'341
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- 26.4 84.8 584.9 617.5 - - 744.4 1'079.8 - -
- 16.76x 9.96x 4.62x 2.34x - - 1.72x 1.22x - -
(45.9) (64.8) (22.3) 226.0 131.4 - - 119.5 293.4 - -
- - - 11.95x 10.98x - - 10.01x 4.08x - -
(38.3) (63.1) (40.8) 168.6 (114.6) - - 52.4 121.2 - -
- - - 13.97x - - - 24.26x 11.38x - -
EBITDA 131.40 Long-Term Rating Date 08.11.2012
EBIT 87.90 Long-Term Rating B+
Operating Margin 14.23% Long-Term Outlook STABLE
Pretax Margin 1.22% Short-Term Rating Date -
Return on Assets -17.62% Short-Term Rating -
Return on Common Equity -21.19%
Return on Capital - EBITDA/Interest Exp. 75.13
Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. 61.88
Net Debt/EBITDA -2.23
Gross Margin 34.5% Total Debt/EBITDA 3.66
EBITDA Margin 12.6%
EBIT Margin -1.9% Total Debt/Equity 1.1%
Net Income Margin -18.6% Total Debt/Capital 1.1%
Asset Turnover 0.26
Current Ratio 2.44 Net Fixed Asset Turnover 2.51
Quick Ratio 2.15 Accounts receivable turnover-days 30.03
Debt to Assets 0.93% Inventory Days 19.97
Tot Debt to Common Equity 1.13% Accounts Payable Turnover Day 101.14
Accounts Receivable Turnover 12.19 Cash Conversion Cycle 0.30
Inventory Turnover 18.32
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Atlas Iron LtdPrice/Volume
Valuation Analysis
14'517'079.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
2&- 9
.-&- 9
.2&- 9
/-&- 9
/2&- 9
0-&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/-&--
1-&--
3-&--
5-&--
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./-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
IMC RESOURCES PTY LT n/a Co File 66'749'653 7.34 - 01.09.2012 Corporation
SCHRODER INVESTMENT n/a EXCH 59'458'436 6.54 (9'183'967) 29.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 52'220'553 5.74 169'137 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 50'752'709 5.58 5'687'938 22.11.2012 Investment Advisor
UBS n/a ULT-AGG 44'167'283 4.86 64'595 31.10.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 43'218'262 4.75 (7'115) 31.12.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 41'732'507 4.59 (3'899'836) 16.03.2012 Bank
BLUEGOLD GLOBAL FUND n/a EXCH 35'897'115 3.95 (1'575'001) 23.02.2011 n/a
MITSUBISHI UFJ FINAN n/a ULT-AGG 22'562'119 2.48 (24'943'606) 23.11.2012 Holding Company
MORGAN STANLEY AUSTR n/a EXCH 22'528'620 2.48 (24'943'606) 26.11.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'599'396 0.51 362'439 30.09.2012 Mutual Fund Manager
PRINCIPAL FINANCIAL n/a ULT-AGG 3'031'930 0.33 (698'128) 31.01.2013 Investment Advisor
VALIC CO I Multiple Portfolios MF-AGG 2'988'918 0.33 1'449'883 31.12.2012 Investment Advisor
FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 2'902'800 0.32 - 30.09.2012 Investment Advisor
FLANAGAN DAVID NATHA n/a EXCH 2'740'000 0.3 30'000 29.08.2012 n/a
SEI INVESTMENT MANAG Multiple Portfolios MF-AGG 1'802'955 0.2 (408'742) 31.01.2013 Investment Advisor
AMERICAN CENTURY COM Multiple Portfolios MF-AGG 1'650'456 0.18 1'650'456 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'375'341 0.15 (47'684) 31.12.2012 Investment Advisor
UNION INVESTMENT LUX Multiple Portfolios MF-AGG 1'200'000 0.13 - 28.09.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'066'889 0.12 - 31.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Octa Phillip Securities Ltd ANDREW SHEARER buy 5 M 2 Not Provided 27.02.2013
Deutsche Bank PAUL-D YOUNG sell 1 M 1 12 month 26.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 2 12 month 26.02.2013
Goldman Sachs OWEN BIRRELL neutral/attractive 3 M 2 12 month 26.02.2013
RBC Capital Markets CHRIS DREW underperform 1 M 2 12 month 26.02.2013
Credit Suisse MATTHEW HOPE underperform 1 M 2 Not Provided 26.02.2013
JPMorgan MARK BUSUTTIL neutral 3 D 2 9 month 26.02.2013
Macquarie LEE BOWERS underperform 1 M 2 12 month 26.02.2013
CIMB MICHAEL EVANS neutral 3 M 2 12 month 26.02.2013
BBY Limited MIKE HARROWELL strong buy 5 M 3 12 month 26.02.2013
Nomura DAVID RADCLYFFE buy 5 M 2 Not Provided 26.02.2013
Argonaut Securities Pty Ltd ADAM MIETHKE buy 5 M 2 12 month 26.02.2013
Wilson HTM Investment Group ANDREW PEDLER buy 5 M 4 Not Provided 15.02.2013
Bell Potter STUART HOWE buy 5 M 2 12 month 14.02.2013
EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 05.02.2013
Hartleys TRENT BARNETT buy 5 M 3 12 month 25.01.2013
Paterson Securities TIM MCCORMACK hold 3 D 2 12 month 08.01.2013
Investec TIM GERRARD buy 5 U 2 12 month 11.12.2012
Holdings By:
Atlas Iron Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Navitas Ltd. offers educational services. The Company offers English language
training, high school courses, university preparation, university programs,
career advancement programs and migrant settlement services to students,
professionals, and migrants.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (22.02.2013) 5.16
52-Week Low (08.03.2012) 3.00
Daily Volume
5.05
52-Week High % Change -2.13% Dividend Yield 3.84
52-Week Low % Change 68.33% Beta 0.76
% 52 Week Price Range High/Low 90.74% Equity Float 166.21
Shares Out 31.12.2012 375.4 Short Int -
1'895.61 1 Yr Total Return 73.18%
Total Debt 136.15 YTD Return 9.43%
Preferred Stock 0.0 Adjusted BETA 0.759
Minority Interest (0.9) Analyst Recs 12
Cash and Equivalents 19.16 Consensus Rating 2.833
Enterprise Value 2'021.27
Average Volume 5 Day 439'912
NVT AT EQUITY YTD Change - Average Volume 30 Day 577'262
NVT AT EQUITY YTD % CHANGE - Average Volume 3 Month 605'783
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
343.2 469.8 555.4 641.8 688.1 - - 726.3 793.2 - -
2.08x 1.90x 2.76x 2.51x 2.54x - - 2.76x 2.48x - -
63.8 77.4 98.6 119.1 125.4 - - 132.4 155.5 - -
11.16x 11.53x 15.56x 13.54x 13.91x - - 15.27x 13.00x - -
37.4 49.2 64.3 77.4 73.1 - - 77.5 96.5 - -
19.35x 19.09x 24.79x 18.57x 22.26x - - 24.51x 19.88x - -
EBITDA 125.44 Long-Term Rating Date -
EBIT 110.34 Long-Term Rating -
Operating Margin 16.03% Long-Term Outlook -
Pretax Margin 15.13% Short-Term Rating Date -
Return on Assets 11.24% Short-Term Rating -
Return on Common Equity 31.96%
Return on Capital 19.96% EBITDA/Interest Exp. 15.70
Asset Turnover 1.08% (EBITDA-Capex)/Interest Exp. 13.28
Net Debt/EBITDA 0.98
Gross Margin - Total Debt/EBITDA 1.38
EBITDA Margin 18.4%
EBIT Margin 16.1% Total Debt/Equity 58.1%
Net Income Margin 10.6% Total Debt/Capital 36.8%
Asset Turnover 1.08
Current Ratio 0.45 Net Fixed Asset Turnover 10.78
Quick Ratio 0.31 Accounts receivable turnover-days 34.84
Debt to Assets 21.38% Inventory Days -
Tot Debt to Common Equity 58.07% Accounts Payable Turnover Day -
Accounts Receivable Turnover 10.51 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Navitas LtdPrice/Volume
Valuation Analysis
583'369.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
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1
2
3
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1&- 9
2&- 9
3&- 9
4&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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.2&--
/-&--
/2&--
0-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JONES RODNEY MALCOLM n/a Co File 53'517'995 14.26 - 05.09.2012 n/a
HYPERION ASSET MANAG n/a EXCH 36'778'918 9.8 3'803'470 26.11.2012 Investment Advisor
LARSEN PETER DEVON n/a Co File 28'727'357 7.65 - 05.09.2012 n/a
LANDMARK HOLDINGS (W n/a Co File 28'433'610 7.57 - 05.09.2012 n/a
COOLAH HOLDINGS PTY n/a Co File 27'602'617 7.35 - 05.09.2012 Unclassified
JCP INVESTMENT PARTN n/a Co File 27'068'481 7.21 - 05.09.2012 Investment Advisor
WONDER HOLDINGS PTY #N/A N/A Co File 24'751'890 6.59 - 05.09.2012 Holding Company
NORTHCAPE CAPITAL PT n/a Co File 22'795'239 6.07 - 05.09.2012 Other
CAMPBELL PETER JOHN n/a Co File 19'053'512 5.08 (1'055'983) 15.11.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 18'422'696 4.91 (540'569) 08.11.2012 Bank
SCHRODER MAX n/a Co File 8'933'391 2.38 - 05.09.2012 n/a
HANNAFORD JULIANNE n/a Co File 8'433'563 2.25 - 05.09.2012 n/a
LILY INV PTY LTD n/a Co File 5'527'968 1.47 - 05.09.2012 n/a
CAPITAL GROUP COMPAN n/a ULT-AGG 4'625'000 1.23 - 31.12.2012 Investment Advisor
KARTOSUDIRO LUNIARTY n/a Co File 4'384'312 1.17 - 05.09.2012 n/a
PICTORIAL HOLDINGS P n/a Co File 4'220'638 1.12 - 05.09.2012 n/a
ARGO INVESTMENTS LTD #N/A N/A Co File 3'123'160 0.83 - 05.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'134'080 0.57 7'416 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 1'858'846 0.5 (304'922) 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'335'184 0.36 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura PAUL GRAHAM neutral 3 M 5 Not Provided 11.02.2013
Moelis & Company ADAM S MICHELL hold 3 M 5 12 month 07.02.2013
Deutsche Bank WASSIM KISIRWANI hold 3 M 5 12 month 05.02.2013
Morgan Stanley CHRIS NICOL Overwt/In-Line 5 M 7 12 month 05.02.2013
Goldman Sachs MIKE YOUNGER Sell/Neutral 1 M 4 12 month 05.02.2013
Credit Suisse PAUL BUYS outperform 5 M 6 Not Provided 05.02.2013
Macquarie JODIE BANNAN neutral 3 M 4 12 month 05.02.2013
CIMB TIM PLUMBE neutral 3 M 4 12 month 05.02.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Navitas Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
JB Hi-Fi Limited is a music and electronic goods retailer in Australia. The
Company operates stores at sites located in most Australian States. Products
include consumer electronics, car sound systems, music and DVDs.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (12.02.2013) 13.04
52-Week Low (26.06.2012) 7.83
Daily Volume
12.58
52-Week High % Change -3.53% Dividend Yield 6.28
52-Week Low % Change 60.66% Beta 1.04
% 52 Week Price Range High/Low 91.75% Equity Float 75.23
Shares Out 18.02.2013 98.9 Short Int -
1'244.09 1 Yr Total Return 12.97%
Total Debt 149.78 YTD Return 26.44%
Preferred Stock 0.0 Adjusted BETA 1.037
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 39.71 Consensus Rating 2.625
Enterprise Value 1'279.79
Average Volume 5 Day 1'116'947
JBH AT EQUITY YTD Change - Average Volume 30 Day 1'314'003
JBH AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'136'012
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
1'828.6 2'327.3 2'731.3 2'959.3 3'127.8 - - 3'227.1 3'376.4 - -
0.67x 0.73x 0.76x 0.64x 0.32x - - 0.42x 0.39x - -
119.4 162.7 200.4 223.8 194.0 - - 201.9 206.7 - -
10.32x 10.48x 10.40x 8.43x 5.08x - - 6.34x 6.19x - -
65.1 94.4 118.7 109.7 104.6 - - 110.7 113.1 - -
16.93x 17.45x 17.38x 16.77x 8.36x - - 11.31x 11.11x - -
EBITDA 193.96 Long-Term Rating Date -
EBIT 163.21 Long-Term Rating -
Operating Margin 5.22% Long-Term Outlook -
Pretax Margin 4.74% Short-Term Rating Date -
Return on Assets 11.41% Short-Term Rating -
Return on Common Equity 46.51%
Return on Capital 35.10% EBITDA/Interest Exp. 15.14
Asset Turnover 3.38% (EBITDA-Capex)/Interest Exp. 11.54
Net Debt/EBITDA -
Gross Margin 21.1% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 5.2% Total Debt/Equity 81.2%
Net Income Margin 3.3% Total Debt/Capital 44.8%
Asset Turnover 3.38
Current Ratio 1.22 Net Fixed Asset Turnover 17.07
Quick Ratio 0.13 Accounts receivable turnover-days 2.39
Debt to Assets 18.46% Inventory Days 69.33
Tot Debt to Common Equity 81.18% Accounts Payable Turnover Day 61.75
Accounts Receivable Turnover 152.82 Cash Conversion Cycle 17.27
Inventory Turnover 5.28
Fiscal Year Ended
JB Hi-Fi LtdPrice/Volume
Valuation Analysis
801'861.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
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/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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1&--
3&--
5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
INTEGRITY INVESTMENT n/a Co File 8'063'913 8.15 - 05.08.2012 Venture Capital
AUSBIL DEXIA LIMITED n/a EXCH 7'427'965 7.51 1'013'615 07.02.2013 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 6'558'085 6.63 1'257'229 11.01.2013 Bank
MACQUARIE GROUP LTD n/a ULT-AGG 6'005'214 6.07 993'926 20.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 5'761'476 5.83 (1'635'669) 15.02.2013 Bank
VINVA INVESTMENT MGM #N/A N/A EXCH 5'637'981 5.7 (333'520) 26.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a Co File 5'592'735 5.66 - 05.08.2012 Bank
UNISUPER MANAGEMENT n/a EXCH 5'020'304 5.08 - 29.10.2012 n/a
LEGG MASON ASSET MAN n/a EXCH 5'019'394 5.08 - 02.11.2012 Mutual Fund Manager
UBS n/a ULT-AGG 4'962'280 5.02 11'260 01.02.2013 Unclassified
HYPERION ASSET MANAG n/a EXCH 4'910'058 4.96 (1'503'755) 15.06.2012 Investment Advisor
JCP INVESTMENT PARTN n/a EXCH 4'831'962 4.89 (171'000) 18.01.2013 Investment Advisor
HSBC BANK PLC n/a EXCH 4'805'832 4.86 (161'634) 26.10.2012 Bank
IOOF HOLDINGS LTD n/a EXCH 4'633'857 4.69 (346'166) 19.10.2012 Investment Advisor
ORION ASSET MANAGEME n/a EXCH 3'852'558 3.9 (2'053'949) 27.06.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'043'490 1.06 24'172 31.12.2012 Investment Advisor
SMART TERRY n/a EXCH 1'001'031 1.01 - 31.10.2012 n/a
STATE STREET n/a ULT-AGG 874'676 0.88 - 25.02.2013 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 807'856 0.82 31'883 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 716'521 0.72 48'826 30.09.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan SHAUN COUSINS neutral 3 U 13 9 month 12.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY hold 3 U 14 Not Provided 12.02.2013
Moelis & Company TODD W GUYOT hold 3 M 13 12 month 12.02.2013
Deutsche Bank MICHAEL SIMOTAS hold 3 M 12 12 month 11.02.2013
Morgan Stanley THOMAS KIERATH Underwt/In-Line 1 M 10 12 month 11.02.2013
Goldman Sachs PHILLIP KIMBER neutral/cautious 3 M 11 12 month 11.02.2013
Credit Suisse GRANT SALIGARI underperform 1 D 12 Not Provided 11.02.2013
Macquarie ROB BLYTHE outperform 5 M 14 12 month 11.02.2013
CIMB DANIEL BROEREN neutral 3 M 13 12 month 11.02.2013
Commonwealth Bank ANDREW MCLENNAN overweight 5 U 14 12 month 11.02.2013
Nomura DAVID COOKE neutral 3 M 13 Not Provided 11.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
Evans & Partners Pty Ltd TONY WILSON negative 2 D #N/A N/A Not Provided 18.12.2011
Holdings By:
JB Hi-Fi Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Goodman Fielder Limited offers a wide range of food products. The Company
offers food products that include packaged baked goods, spreads, dairy products,
small goods, sauces, dressings, and condiments and bulk and packaged edible fats
and oils and flour products.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 0.76
52-Week Low (25.07.2012) 0.45
Daily Volume
0.725
52-Week High % Change -4.61% Dividend Yield 0.00
52-Week Low % Change 61.11% Beta 0.96
% 52 Week Price Range High/Low 88.71% Equity Float 1'488.67
Shares Out 31.12.2012 1'955.6 Short Int -
1'417.78 1 Yr Total Return 40.78%
Total Debt 837.20 YTD Return 16.94%
Preferred Stock 0.0 Adjusted BETA 0.964
Minority Interest 6.0 Analyst Recs 14
Cash and Equivalents 161.70 Consensus Rating 3.357
Enterprise Value 1'862.68
Average Volume 5 Day 4'275'750
GFF AT EQUITY YTD Change - Average Volume 30 Day 8'265'532
GFF AT EQUITY YTD % CHANGE - Average Volume 3 Month 8'493'711
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'317.5 2'848.6 2'660.1 2'215.0 2'212.5 - - 2'265.7 2'291.9 - -
1.26x 0.98x 1.05x 1.06x 0.79x - - 0.81x 0.81x - -
182.5 348.2 380.6 315.5 267.7 - - 266.1 282.7 - -
15.96x 7.98x 7.31x 7.46x 6.56x - - 7.00x 6.59x - -
27.7 175.7 161.1 (166.7) (146.9) - - 90.4 107.2 - -
351.25x 9.89x 11.50x - - - - 15.43x 12.95x - -
EBITDA 267.70 Long-Term Rating Date -
EBIT 201.00 Long-Term Rating -
Operating Margin 9.08% Long-Term Outlook -
Pretax Margin -4.87% Short-Term Rating Date -
Return on Assets -4.21% Short-Term Rating -
Return on Common Equity -7.90%
Return on Capital - EBITDA/Interest Exp. 2.92
Asset Turnover 0.72% (EBITDA-Capex)/Interest Exp. 1.99
Net Debt/EBITDA -
Gross Margin 36.2% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 9.9% Total Debt/Equity 61.1%
Net Income Margin -6.6% Total Debt/Capital 37.8%
Asset Turnover 0.72
Current Ratio 1.66 Net Fixed Asset Turnover 3.66
Quick Ratio 0.85 Accounts receivable turnover-days 39.17
Debt to Assets 31.08% Inventory Days 46.13
Tot Debt to Common Equity 61.15% Accounts Payable Turnover Day 85.64
Accounts Receivable Turnover 9.34 Cash Conversion Cycle 5.55
Inventory Turnover 7.93
Fiscal Year Ended
Goodman Fielder LtdPrice/Volume
Valuation Analysis
2'382'224.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
-
-
.
.
.
.
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1-&- 9
3-&- 9
5-&- 9
.--&- 9
./-&- 9
.1-&- 9
.3-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WILMAR INTERNATIONAL n/a Co File 197'436'381 10.1 - 14.09.2012 Unclassified
ELLERSTON CAPITAL LT n/a EXCH 168'347'287 8.61 33'062'844 06.02.2013 Corporation
HARRIS ASSOCIATES LP n/a EXCH 119'869'947 6.13 (23'173'290) 11.12.2012 Investment Advisor
MAPLE-BROWN ABBOTT L n/a EXCH 113'612'156 5.81 (22'513'846) 16.01.2013 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 103'048'340 5.27 (20'994'935) 07.02.2013 Unclassified
PARADICE INVESTMENT n/a EXCH 99'796'167 5.1 - 28.12.2012 Investment Advisor
AXA n/a Co File 97'912'722 5.01 - 14.09.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 93'487'771 4.78 (4'579'474) 04.12.2012 Bank
HARRIS ASSOCIATES LP Multiple Portfolios MF-AGG 71'862'500 3.67 (9'855'000) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV n/a Co File 69'263'564 3.54 - 14.09.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 49'244'616 2.52 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 21'904'830 1.12 616'058 31.12.2012 Investment Advisor
WARBURG INVEST LUXEM Multiple Portfolios MF-AGG 9'000'000 0.46 - 31.12.2012 Mutual Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'754'562 0.45 (86'152) 30.09.2012 Mutual Fund Manager
ALLIANCE BERNSTEIN n/a ULT-AGG 7'919'227 0.4 (772'704) 31.12.2012 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 5'613'236 0.29 (641'476) 31.05.2012 Investment Advisor
WELLS FARGO n/a ULT-AGG 3'447'916 0.18 149 31.12.2012 Unclassified
BLACKROCK n/a ULT-AGG 3'160'354 0.16 10'451 25.02.2013 Investment Advisor
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 2'670'493 0.14 (91'920) 31.12.2012 Mutual Fund Manager
TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'367'959 0.12 2'367'959 31.12.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DAVID COOKE reduce 2 M 1 Not Provided 25.02.2013
Macquarie GREG DRING neutral 3 D 1 12 month 14.02.2013
Commonwealth Bank JORDAN ROGERS neutral 3 M 1 12 month 14.02.2013
Deutsche Bank MICHAEL SIMOTAS buy 5 U 1 12 month 13.02.2013
Morgan Stanley MARK A CHRISTENSEN Underwt/In-Line 1 M 1 12 month 13.02.2013
Goldman Sachs GABRIEL WILSON-OTTO neutral/neutral 3 M 1 12 month 13.02.2013
Credit Suisse LARRY GANDLER underperform 1 M 1 Not Provided 13.02.2013
JPMorgan STUART JACKSON underweight 1 M 1 9 month 13.02.2013
CIMB ALEXANDER BEER outperform 5 M 1 12 month 13.02.2013
EVA Dimensions AUSTIN BURKETT buy 5 M #N/A N/A Not Provided 17.01.2013
Evans & Partners Pty Ltd TONY WILSON negative 2 M #N/A N/A Not Provided 23.08.2010
Holdings By:
Goodman Fielder Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Platinum Asset Management Limited is a fund management company. The Company
specializes in global equities.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 5.44
52-Week Low (28.08.2012) 3.34
Daily Volume
5.08
52-Week High % Change -6.62% Dividend Yield -
52-Week Low % Change 52.10% Beta 1.09
% 52 Week Price Range High/Low 83.81% Equity Float 164.71
Shares Out 31.12.2012 561.3 Short Int -
2'851.65 1 Yr Total Return 44.68%
Total Debt 0.00 YTD Return 29.97%
Preferred Stock 0.0 Adjusted BETA 1.089
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 11.88 Consensus Rating 3.000
Enterprise Value 2'839.77
Average Volume 5 Day 1'034'088
PTM AT EQUITY YTD Change - Average Volume 30 Day 781'361
PTM AT EQUITY YTD % CHANGE - Average Volume 3 Month 707'470
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
283.1 219.5 248.4 264.6 226.7 - - 223.7 265.9 - -
5.56x 10.47x 10.46x 7.86x 9.58x - - 11.99x 10.00x - -
240.4 182.3 199.4 214.7 180.0 - - 176.6 210.9 - -
6.55x 12.60x 13.03x 9.69x 12.06x - - 16.08x 13.47x - -
162.0 126.1 136.9 150.1 126.4 - - 127.7 154.6 - -
10.77x 18.32x 19.19x 15.41x 17.28x - - 22.38x 18.54x - -
EBITDA 180.03 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 79.15% Long-Term Outlook -
Pretax Margin 79.15% Short-Term Rating Date -
Return on Assets 47.57% Short-Term Rating -
Return on Common Equity 51.90%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.86% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin 79.0%
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin 55.7% Total Debt/Capital 0.0%
Asset Turnover 0.86
Current Ratio - Net Fixed Asset Turnover 91.70
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Platinum Asset Management LtdPrice/Volume
Valuation Analysis
445'325.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
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/&2 9
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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/-&--
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0-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NEILSON KERR n/a Co File 323'074'841 57.55 - 14.08.2012 n/a
PLATINUM INVESTMENT n/a Co File 216'279'451 38.53 - 14.08.2012 Hedge Fund Manager
CLIFFORD ANDREW M n/a Co File 32'831'449 5.85 - 14.08.2012 n/a
HYPERION ASSET MANAG n/a Co File 28'861'644 5.14 - 14.08.2012 Investment Advisor
HALSTEAD ROGER MALCO n/a EXCH 16'997'999 3.03 - 31.03.2011 n/a
CHARMFAIR PTY LTD n/a Co File 10'000'000 1.78 - 14.08.2012 n/a
JILLIBY PTY LTD n/a Co File 9'000'000 1.6 - 14.08.2012 n/a
XETROV PTY LTD n/a Co File 4'000'000 0.71 - 14.08.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'144'909 0.38 - 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'364'545 0.24 (8'763) 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 843'923 0.15 - 14.08.2012 Investment Advisor
RUSSELL INVESTMENT M Multiple Portfolios MF-AGG 719'164 0.13 - 26.02.2013 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 500'029 0.09 - 14.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 459'780 0.08 - 25.02.2013 Investment Advisor
HYPERION ASSET MANAG Multiple Portfolios MF-AGG 365'000 0.07 - 30.06.2011 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 357'944 0.06 157'880 31.12.2012 Investment Advisor
COLE MICHAEL J n/a Co File 300'000 0.05 - 30.06.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 299'718 0.05 (32'461) 31.08.2011 Investment Advisor
SCIENTIA FUND MANAGE Multiple Portfolios MF-AGG 219'460 0.04 (325'174) 31.12.2012 Investment Advisor
COLEMAN BRUCE n/a Co File 200'000 0.04 - 30.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan RUSSELL GILL underweight 1 M 4 6 month 23.02.2013
Credit Suisse DAVID BAILEY underperform 1 M 4 Not Provided 22.02.2013
Macquarie ADAM SIMPSON neutral 3 U 5 12 month 22.02.2013
Ord Minnett NICHOLAS MCGARRIGLE hold 3 M 5 Not Provided 22.02.2013
Commonwealth Bank NAVEEN PATNEY overweight 5 M 5 12 month 22.02.2013
Nomura ANTHONY HOO neutral 3 M 5 Not Provided 22.02.2013
Bell Potter LAFITANI SOTIRIOU hold 3 M 5 12 month 22.02.2013
EVA Dimensions AUSTIN BURKETT overweight 5 M #N/A N/A Not Provided 15.01.2013
E.L. & C. Baillieu NICK CALEY hold 3 M 4 12 month 17.08.2012
Holdings By:
Platinum Asset Management Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Lynas Corporation Limited explores and mines for rare earth minerals such as
cerium and neodymium.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 1.29
52-Week Low (17.12.2012) 0.55
Daily Volume
0.63
52-Week High % Change -51.16% Dividend Yield 0.00
52-Week Low % Change 14.55% Beta 1.91
% 52 Week Price Range High/Low 4.73% Equity Float 1'938.83
Shares Out 19.12.2012 1'960.8 Short Int -
1'235.30 1 Yr Total Return -48.78%
Total Debt 403.06 YTD Return 9.57%
Preferred Stock 0.0 Adjusted BETA 1.908
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 124.38 Consensus Rating 3.400
Enterprise Value 1'408.14
Average Volume 5 Day 11'927'290
LYC AT EQUITY YTD Change - Average Volume 30 Day 15'377'070
LYC AT EQUITY YTD % CHANGE - Average Volume 3 Month 22'436'630
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
0.0 0.0 - 0.0 0.0 - - 47.5 357.7 - -
- - - - - - - 31.34x 4.20x - -
(17.0) (27.7) (25.6) (57.1) (78.2) - - (74.4) 99.9 - -
- - - - - - - - 14.09x - -
(21.5) (29.3) (43.0) (59.1) (87.8) - - (96.5) 42.7 - -
- - - - - - - - 11.67x - -
EBITDA -78.18 Long-Term Rating Date -
EBIT -85.28 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -10.54% Short-Term Rating -
Return on Common Equity -16.32%
Return on Capital - EBITDA/Interest Exp. -20.10
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -107.37
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 71.5%
Net Income Margin - Total Debt/Capital 41.7%
Asset Turnover 0.00
Current Ratio 4.92 Net Fixed Asset Turnover 0.00
Quick Ratio 2.35 Accounts receivable turnover-days -
Debt to Assets 39.37% Inventory Days -
Tot Debt to Common Equity 71.53% Accounts Payable Turnover Day -
Accounts Receivable Turnover 0.00 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Lynas Corp LtdPrice/Volume
Valuation Analysis
38'819'632.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
.
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.2-&- 9
/--&- 9
/2-&- 9
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
-&5-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MORGAN STANLEY n/a ULT-AGG 87'591'175 4.47 (1'324'963) 12.11.2012 Investment Advisor
UNION INVESTMENT GMB Multiple Portfolios MF-AGG 31'721'900 1.62 (9'500'000) 28.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 20'388'002 1.04 (4'034'111) 31.12.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 17'766'836 0.91 26'436 25.02.2013 Investment Advisor
CURTIS NICHOLAS ANTH n/a EXCH 16'045'758 0.82 - 30.11.2011 n/a
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 15'276'800 0.78 - 30.06.2012 Mutual Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'634'225 0.44 21'852 30.09.2012 Mutual Fund Manager
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 4'918'571 0.25 - 31.12.2010 Mutual Fund Manager
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 4'847'703 0.25 - 28.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'898'235 0.2 (2'436'066) 31.08.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 3'627'160 0.18 13'829 25.02.2013 Investment Advisor
ALLIANZ ASSET MANAGE n/a ULT-AGG 3'605'000 0.18 (1'486'445) 31.12.2012 Investment Advisor
TRANSAMERICA INVESTM Multiple Portfolios MF-AGG 3'576'043 0.18 (9'593'827) 31.12.2012 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 3'000'000 0.15 (1'000'000) 31.12.2012 Investment Advisor
KLEIN JACOB n/a Co File 2'082'236 0.11 - 22.09.2011 n/a
STARCAP AG Multiple Portfolios MF-AGG 1'600'000 0.08 - 30.12.2011 Investment Advisor
NORDEA INV MANAGEMEN Multiple Portfolios MF-AGG 1'598'028 0.08 622'976 28.09.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 1'504'101 0.08 (82'048) 30.11.2011 Investment Advisor
AMUNDI Multiple Portfolios MF-AGG 1'477'095 0.08 - 28.09.2012 Mutual Fund Manager
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 1'257'540 0.06 - 21.06.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank CHRIS TERRY hold 3 M 1 12 month 25.02.2013
Macquarie ANDREW SULLIVAN outperform 5 M 1 12 month 25.02.2013
Paterson Securities ANDREW HARRINGTON buy 5 M 2 12 month 25.02.2013
JPMorgan MARK BUSUTTIL overweight 5 M 1 9 month 22.02.2013
BBY Limited MIKE HARROWELL strong buy 5 M 1 12 month 06.02.2013
Goldman Sachs IAN PRESTON buy/attractive 5 M 1 12 month 31.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Byron Capital Markets JONATHAN HYKAWY sell 1 M 0 18 month 03.01.2013
First Capital Securities Co GUOXIAN JU buy 5 U #N/A N/A Not Provided 10.05.2009
Holdings By:
Lynas Corp Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Fairfax Media Limited publishes and prints newspapers, magazines and
entertainment publications. The Company also provides advertising sales in
newspapers, magazines and electronic formats. Fairfax also offers an Internet
business which includes news and classifieds.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.02.2012) 0.82
52-Week Low (22.10.2012) 0.35
Daily Volume
0.57
52-Week High % Change -30.06% Dividend Yield 3.51
52-Week Low % Change 62.86% Beta 1.13
% 52 Week Price Range High/Low 41.94% Equity Float 1'861.55
Shares Out 22.08.2012 2'352.0 Short Int -
1'340.61 1 Yr Total Return -23.23%
Total Debt 1'207.37 YTD Return 11.76%
Preferred Stock 0.0 Adjusted BETA 1.129
Minority Interest 247.5 Analyst Recs 15
Cash and Equivalents 358.36 Consensus Rating 3.133
Enterprise Value 1'455.24
Average Volume 5 Day 23'195'160
FXJ AT EQUITY YTD Change - Average Volume 30 Day 14'834'690
FXJ AT EQUITY YTD % CHANGE - Average Volume 3 Month 21'710'760
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
2'900.8 2'599.1 2'476.8 2'463.4 2'310.9 - - 2'047.8 1'935.3 - -
2.45x 1.94x 1.96x 1.48x 1.06x - - 0.84x 0.89x - -
805.5 509.4 643.6 570.3 289.2 - - 365.5 315.8 - -
8.83x 9.88x 7.54x 6.38x 8.51x - - 3.98x 4.61x - -
386.9 (380.1) 282.1 (390.9) (2'732.4) - - 132.7 131.2 - -
12.66x - 11.78x - - - - 10.18x 10.56x - -
EBITDA 289.22 Long-Term Rating Date 14.05.2009
EBIT 181.72 Long-Term Rating BB+
Operating Margin 7.86% Long-Term Outlook NEG
Pretax Margin -120.21% Short-Term Rating Date 09.11.2004
Return on Assets -47.04% Short-Term Rating NR
Return on Common Equity -71.86%
Return on Capital - EBITDA/Interest Exp. 2.30
Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. 1.96
Net Debt/EBITDA 0.56
Gross Margin - Total Debt/EBITDA 2.93
EBITDA Margin 9.3%
EBIT Margin 4.5% Total Debt/Equity 67.3%
Net Income Margin -118.2% Total Debt/Capital 37.1%
Asset Turnover 0.42
Current Ratio 1.53 Net Fixed Asset Turnover 3.61
Quick Ratio 1.33 Accounts receivable turnover-days 58.20
Debt to Assets 30.13% Inventory Days -
Tot Debt to Common Equity 67.26% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.38 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Fairfax Media LtdPrice/Volume
Valuation Analysis
52'533'594.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
-
-
.
.
.
.
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/2-&- 9
0--&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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/&--
0&--
1&--
2&--
3&--
4&--
5&--
6&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HANCOCK PROSPECTING n/a ULT-AGG 352'455'664 14.99 - 07.08.2012 Corporation
NATIONAL AUSTRALIA B n/a ULT-AGG 281'017'768 11.95 24'580'307 07.02.2013 Bank
ALLAN GRAY LTD n/a EXCH 268'884'017 11.43 23'905'947 18.12.2012 Investment Advisor
MAPLE-BROWN ABBOTT L n/a EXCH 186'558'910 7.93 - 10.01.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 184'605'385 7.85 - 10.01.2013 Bank
LAZARD ASSET MANAGEM n/a ULT-AGG 146'214'354 6.22 26'450'929 15.10.2012 Unclassified
AUSBIL DEXIA LIMITED n/a EXCH 124'545'606 5.3 - 30.01.2013 Investment Advisor
AXA n/a EXCH 121'125'135 5.15 - 16.10.2012 Investment Advisor
SAS TRUSTEE CORP n/a EXCH 118'279'205 5.03 6'653'017 10.08.2012 Corporation
IOOF HOLDINGS LTD n/a Co File 117'884'540 5.01 - 07.08.2012 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 116'465'297 4.95 (6'511'281) 01.02.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 20'955'441 0.89 (16'908'414) 31.12.2012 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 20'191'627 0.86 18'000 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 15'925'418 0.68 1'197'884 30.09.2012 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 15'779'138 0.67 - 30.06.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 15'022'342 0.64 - 31.07.2012 Investment Advisor
SANFORD C BERNSTEIN Multiple Portfolios MF-AGG 9'877'300 0.42 - 30.11.2012 Investment Advisor
CAMBOOYA PTY LTD n/a EXCH 7'718'863 0.33 - 29.11.2011 Other
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 4'721'174 0.2 (108'985) 25.02.2013 Investment Advisor
GUTENBERG INVEST PTY n/a EXCH 3'554'783 0.15 - 28.12.2012 Other
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Morgan Stanley ANDREW MCLEOD Overwt/Cautious 5 M 1 12 month 26.02.2013
Macquarie ANDREW LEVY underperform 1 M 1 12 month 22.02.2013
BBY Limited MARK MCDONNELL buy 5 U 1 12 month 22.02.2013
Goldman Sachs CHRISTIAN GUERRA Sell/Cautious 1 M 1 12 month 21.02.2013
Credit Suisse SAMANTHA CARLETON underperform 1 M 0 Not Provided 21.02.2013
JPMorgan JARROD MCDONALD neutral 3 M 0 3 month 21.02.2013
CIMB FRASER MCLEISH outperform 5 M 1 12 month 21.02.2013
Commonwealth Bank ALICE BENNETT overweight 5 M 1 12 month 21.02.2013
EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd PETER STAMOULIS neutral 3 M #N/A N/A Not Provided 18.12.2012
Deutsche Bank VIKAS GOUR hold 3 U 1 12 month 17.12.2012
Holdings By:
Fairfax Media Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Karoon Gas Australia Ltd. explores for natural gas and hydrocarbons in
Australia, Brazil and Peru. The Company's key exploration activities are the
Browse Basin (Western Australia), Bonaparte Basin (Northern Territory), Tumbes
Basin (Peru), Maranon Basin (Peru) and the Santos Basin (Brazil).
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 7.37
52-Week Low (26.07.2012) 3.12
Daily Volume
6.89
52-Week High % Change -6.51% Dividend Yield 0.00
52-Week Low % Change 120.83% Beta 1.85
% 52 Week Price Range High/Low 91.29% Equity Float 203.44
Shares Out 30.06.2012 221.4 Short Int -
1'525.59 1 Yr Total Return 15.99%
Total Debt 0.00 YTD Return 30.00%
Preferred Stock 0.0 Adjusted BETA 1.849
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 227.80 Consensus Rating 4.583
Enterprise Value 1'297.79
Average Volume 5 Day 873'109
KAR AT EQUITY YTD Change - Average Volume 30 Day 694'951
KAR AT EQUITY YTD % CHANGE - Average Volume 3 Month 528'864
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - 0.0 0.0 - - - - - -
- - - - - - - - - - -
(6.3) (9.6) (12.0) (26.1) (20.1) - - (51.4) (33.3) - -
- - - - - - - - - - -
(6.1) 4.5 (14.9) (23.3) (3.3) - - (37.7) (26.9) - -
- 300.99x - - - - - - - - -
EBITDA -20.08 Long-Term Rating Date -
EBIT -21.03 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -0.53% Short-Term Rating -
Return on Common Equity -0.54%
Return on Capital - EBITDA/Interest Exp. -78.34
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -79.83
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 25.53 Net Fixed Asset Turnover 0.00
Quick Ratio 20.20 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Karoon Gas Australia LtdPrice/Volume
Valuation Analysis
689'223.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
4
5
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0&- 9
0&2 9
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2--&--
. ---&--
. 2--&--
/ ---&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WELLINGTON MANAGEMEN n/a EXCH 28'166'076 12.72 2'274'624 07.02.2013 Investment Advisor
TALBOT GROUP HOLDING n/a Co File 26'358'356 11.9 - 06.09.2012 Investment Advisor
HOSKING ROBERT MICHA n/a EXCH 12'374'462 5.59 (150'000) 19.12.2012 n/a
PARADICE INVESTMENT #N/A N/A EXCH 11'229'934 5.07 - 21.02.2013 Investment Advisor
FMR LLC n/a Co File 11'215'573 5.07 - 06.09.2012 Unclassified
JANUS CAPITAL MANAGE n/a ULT-AGG 8'487'182 3.83 (81'665) 31.12.2012 Investment Advisor
HARTFORD INVESTMENT Multiple Portfolios MF-AGG 4'356'977 1.97 24'546 31.01.2013 Investment Advisor
SMITH MARK ALEXANDER n/a EXCH 2'892'037 1.31 (110'000) 27.11.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'477'717 1.12 21'798 31.12.2012 Investment Advisor
FMR LLC n/a ULT-AGG 1'756'457 0.79 469'328 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'231'102 0.56 359'733 31.08.2011 Investment Advisor
MUNKS EDWARD n/a Co File 942'885 0.43 - 30.06.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 912'502 0.41 (7'105) 30.09.2012 Mutual Fund Manager
ARTEMIS INVESTMENT M Multiple Portfolios MF-AGG 890'000 0.4 - 31.12.2012 Investment Advisor
ATKINS GEOFF n/a Co File 696'784 0.31 - 14.09.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 667'086 0.3 - 31.07.2012 Investment Advisor
POWER STEPHEN MICHAE n/a EXCH 502'142 0.23 (100'000) 27.11.2012 n/a
SKANDIA INVESTMENT M Multiple Portfolios MF-AGG 457'600 0.21 50'000 31.12.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 292'793 0.13 - 25.02.2013 Investment Advisor
ALLIANZ ASSET MANAGE n/a ULT-AGG 282'900 0.13 - 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
BBY Limited SCOTT ASHTON strong buy 5 M 9 12 month 21.02.2013
RBC Capital Markets ANDREW WILLIAMS outperform 5 M 9 12 month 20.02.2013
Morgan Stanley STUART BAKER Overwt/Attractive 5 M 6 12 month 31.01.2013
Credit Suisse JAMES REDFERN outperform 5 M 8 Not Provided 25.01.2013
DJ Carmichael Pty Ltd EDWIN BULSECO speculative buy 4 M 8 12 month 25.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Macquarie KIRIT HIRA outperform 5 M 10 12 month 24.10.2012
Wilson HTM Investment Group IVOR RIES buy 5 M 8 Not Provided 18.10.2012
Deutsche Bank JOHN HIRJEE buy 5 M 9 12 month 04.07.2012
Bell Potter JOHAN HEDSTROM buy 5 U 11 12 month 08.11.2011
Knight WILL STEPHENS not rated #N/A N/A N #N/A N/A Not Provided 09.12.2010
Holdings By:
Karoon Gas Australia Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Invocare Limited owns and operates funeral homes, cemeteries and crematoriums in
Australia. The Company's activities include the provision of funerals, burials
and cremations through it's funeral home brands including Blackwell, Guardian,
George Hartnett, Le Pine, Purslowe, Simplicity Funerals and White Lady Funerals.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 10.91
52-Week Low (20.03.2012) 7.56
Daily Volume
10.81
52-Week High % Change -0.92% Dividend Yield 3.15
52-Week Low % Change 42.99% Beta 0.64
% 52 Week Price Range High/Low 89.81% Equity Float 88.94
Shares Out 30.06.2012 110.0 Short Int -
1'189.43 1 Yr Total Return 44.27%
Total Debt 223.23 YTD Return 23.12%
Preferred Stock 0.0 Adjusted BETA 0.636
Minority Interest 1.2 Analyst Recs 13
Cash and Equivalents 6.08 Consensus Rating 3.308
Enterprise Value 1'407.73
Average Volume 5 Day 267'277
IVC AT EQUITY YTD Change - Average Volume 30 Day 228'935
IVC AT EQUITY YTD % CHANGE - Average Volume 3 Month 212'880
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y 06/12 Q2 09/12 Q3
244.2 255.7 267.4 321.1 368.7 - - 399.5 421.4 - -
2.75x 3.02x 3.32x 3.27x 3.18x - - 3.50x 3.28x - -
61.6 64.0 70.0 81.5 92.6 - - 101.5 108.3 - -
10.89x 12.06x 12.68x 12.88x 12.67x - - 13.87x 13.00x - -
28.0 48.1 27.4 27.0 44.5 - - 49.1 54.1 - -
18.39x 12.91x 27.06x 30.08x 21.63x - - 24.29x 22.06x - -
EBITDA 92.59 Long-Term Rating Date -
EBIT 76.23 Long-Term Rating -
Operating Margin 20.68% Long-Term Outlook -
Pretax Margin 16.98% Short-Term Rating Date -
Return on Assets 5.33% Short-Term Rating -
Return on Common Equity 30.44%
Return on Capital 14.98% EBITDA/Interest Exp. 6.36
Asset Turnover 0.44% (EBITDA-Capex)/Interest Exp. 5.09
Net Debt/EBITDA 2.35
Gross Margin - Total Debt/EBITDA 2.41
EBITDA Margin 25.1%
EBIT Margin 20.7% Total Debt/Equity 148.1%
Net Income Margin 12.1% Total Debt/Capital 59.5%
Asset Turnover 0.44
Current Ratio 1.03 Net Fixed Asset Turnover 1.30
Quick Ratio 0.09 Accounts receivable turnover-days 27.47
Debt to Assets 25.89% Inventory Days -
Tot Debt to Common Equity 148.09% Accounts Payable Turnover Day -
Accounts Receivable Turnover 13.32 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Invocare LtdPrice/Volume
Valuation Analysis
205'495.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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1
3
5
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2&- 9
3&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JF CAPITAL PARTNERS n/a Co File 14'537'992 13.21 - 19.03.2012 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 9'017'529 8.2 (1'104'451) 22.02.2013 Bank
COMMONWEALTH BANK OF n/a EXCH 5'352'945 4.86 104'683 01.07.2011 Bank
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 1'788'905 1.63 (304) 31.01.2013 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'281'310 1.16 - 30.06.2011 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 1'279'000 1.16 - 29.06.2012 Investment Advisor
SUMITOMO MITSUI ASSE Multiple Portfolios MF-AGG 1'222'000 1.11 - 14.08.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'132'742 1.03 9'054 31.12.2012 Investment Advisor
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 975'000 0.89 - 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 696'061 0.63 - 31.07.2012 Investment Advisor
DAVIS RICHARD HUGH n/a EXCH 636'607 0.58 (20'000) 04.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 560'658 0.51 (4'120) 30.09.2012 Mutual Fund Manager
ABERDEEN n/a ULT-AGG 461'900 0.42 - 31.01.2013 Unclassified
STATE STREET n/a ULT-AGG 347'553 0.32 - 25.02.2013 Investment Advisor
SMITH ANDREW ROBIN n/a EXCH 205'303 0.19 31'537 14.06.2012 n/a
BLACKROCK n/a ULT-AGG 169'923 0.15 - 25.02.2013 Investment Advisor
PROBANKA FUND MANAGE Multiple Portfolios MF-AGG 127'821 0.12 - 31.12.2010 Investment Advisor
CLIFTON CHRISTINE L n/a Co File 112'961 0.1 - 31.12.2011 n/a
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 112'180 0.1 - 31.01.2013 Investment Advisor
FRIERY PHILLIP n/a Co File 111'781 0.1 - 31.12.2011 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Ord Minnett JAMES LENNON hold 3 M 10 Not Provided 22.02.2013
EVA Dimensions CRAIG STERLING sell 1 D #N/A N/A Not Provided 22.02.2013
Moelis & Company ADAM S MICHELL hold 3 M 10 12 month 21.02.2013
Deutsche Bank JENNIFER KRUK hold 3 M 10 12 month 19.02.2013
Morgan Stanley CHRIS NICOL Overwt/In-Line 5 M 11 12 month 19.02.2013
Credit Suisse CHRIS SMITH neutral 3 M 10 Not Provided 19.02.2013
JPMorgan RUSSELL GILL overweight 5 M 10 9 month 19.02.2013
Macquarie ADAM SIMPSON outperform 5 M 10 12 month 19.02.2013
Commonwealth Bank NICK MACLEAN overweight 5 U 10 12 month 19.02.2013
Nomura ROGER SAMUEL neutral 3 M 11 Not Provided 19.02.2013
E.L. & C. Baillieu NICK CALEY hold 3 M 9 12 month 16.08.2012
Wilson HTM Investment Group ANDREW DALZIEL hold 3 M 6 Not Provided 11.10.2010
Holdings By:
Invocare Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Bradken Limited manufactures and supplies industrial products and maintenance
services to the mining, minerals processing, rail and industrial markets. The
Company's products include ground engaging tools, mill liners, crusher liners,
freight wagons, bogies, wear plates, crawler systems along with mining services
and rail maintenance.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (16.03.2012) 8.68
52-Week Low (16.11.2012) 4.32
Daily Volume
7.1
52-Week High % Change -18.20% Dividend Yield 5.85
52-Week Low % Change 64.35% Beta 1.18
% 52 Week Price Range High/Low 63.76% Equity Float 156.64
Shares Out 31.12.2012 169.2 Short Int -
1'201.61 1 Yr Total Return -9.40%
Total Debt 549.97 YTD Return 33.20%
Preferred Stock 0.0 Adjusted BETA 1.185
Minority Interest 0.0 Analyst Recs 17
Cash and Equivalents 101.89 Consensus Rating 3.824
Enterprise Value 1'659.14
Average Volume 5 Day 972'959
BKN AT EQUITY YTD Change - Average Volume 30 Day 1'211'658
BKN AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'111'160
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
760.3 1'209.2 1'003.7 1'147.5 1'451.3 - - 1'431.7 1'522.7 - -
1.53x 0.78x 1.24x 1.32x 0.91x - - 1.15x 1.07x - -
126.6 159.5 165.4 195.9 216.7 - - 236.3 261.5 - -
9.19x 5.91x 7.52x 7.73x 6.11x - - 7.02x 6.34x - -
58.0 64.3 70.4 67.6 100.5 - - 110.7 126.6 - -
15.72x 8.21x 13.31x 16.72x 8.58x - - 10.87x 9.58x - -
EBITDA 216.69 Long-Term Rating Date -
EBIT 165.52 Long-Term Rating -
Operating Margin 11.41% Long-Term Outlook -
Pretax Margin 9.55% Short-Term Rating Date -
Return on Assets 7.07% Short-Term Rating -
Return on Common Equity 14.55%
Return on Capital 10.18% EBITDA/Interest Exp. 6.06
Asset Turnover 0.98% (EBITDA-Capex)/Interest Exp. 2.63
Net Debt/EBITDA -
Gross Margin 20.5% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 11.7% Total Debt/Equity 76.4%
Net Income Margin 6.9% Total Debt/Capital 43.3%
Asset Turnover 0.98
Current Ratio 2.39 Net Fixed Asset Turnover 2.75
Quick Ratio 1.14 Accounts receivable turnover-days 51.94
Debt to Assets 34.42% Inventory Days 79.69
Tot Debt to Common Equity 76.44% Accounts Payable Turnover Day 37.44
Accounts Receivable Turnover 7.05 Cash Conversion Cycle 92.47
Inventory Turnover 4.59
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Bradken LtdPrice/Volume
Valuation Analysis
680'604.00
Current Price (2/dd/yy) Market Data
-./0123456
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2-&--
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.2-&--
/--&--
/2-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PARADICE INVESTMENT n/a EXCH 14'281'117 8.44 1'752'612 12.02.2013 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 9'090'311 5.37 (1'719'736) 04.02.2013 Bank
UBS n/a ULT-AGG 8'485'836 5.01 - 11.06.2012 Unclassified
NATIONAL AUSTRALIA B n/a ULT-AGG 8'371'849 4.95 (522'862) 08.02.2013 Bank
LEGG MASON ASSET MAN n/a EXCH 8'137'137 4.81 (328'587) 18.12.2012 Mutual Fund Manager
COMMONWEALTH BANK OF n/a EXCH 8'012'915 4.73 - 19.10.2012 Bank
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 7'145'000 4.22 - 29.06.2012 Investment Advisor
FMR LLC n/a ULT-AGG 6'938'870 4.1 (3'474'774) 30.06.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 2'687'585 1.59 - 25.02.2013 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 2'630'967 1.55 (298'210) 31.01.2013 Mutual Fund Manager
HODGES BRIAN WILLIAM n/a EXCH 2'408'429 1.42 9'880 04.09.2012 n/a
KEMPEN CAPITAL MANAG Multiple Portfolios MF-AGG 1'885'250 1.11 - 31.12.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'833'020 1.08 46'416 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'284'610 0.76 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'204'519 0.71 75'740 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 1'152'574 0.68 143'098 31.08.2011 Investment Advisor
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 1'028'000 0.61 - 31.12.2012 Investment Advisor
NIPPON LIFE INSURANC n/a ULT-AGG 695'430 0.41 - 23.04.2012 Insurance Company
AMCIL LTD Multiple Portfolios MF-AGG 666'000 0.39 - 29.06.2012 Investment Advisor
SHERIDAN ENDA n/a Co File 584'182 0.35 - 30.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie CAMERON PIERCE outperform 5 U 7 12 month 13.02.2013
Ord Minnett JAMES LENNON buy 5 M 8 Not Provided 13.02.2013
Moelis & Company ADAM S MICHELL buy 5 U 8 12 month 13.02.2013
Deutsche Bank WASSIM KISIRWANI hold 3 D 7 12 month 12.02.2013
Morgan Stanley DAVID EVANS Equalwt/In-Line 3 M 7 12 month 12.02.2013
Goldman Sachs WILL CHARLSTON neutral/neutral 3 M 7 12 month 12.02.2013
Credit Suisse PAUL BUYS outperform 5 U 7 Not Provided 12.02.2013
JPMorgan ANTHONY PASSE-DE SILVA overweight 5 M 8 9 month 12.02.2013
CIMB MATTHEW NICHOLAS neutral 3 M 7 12 month 12.02.2013
BBY Limited MOIRA EILEEN DAW buy 5 M 7 12 month 12.02.2013
Commonwealth Bank NICK MACLEAN overweight 5 M 7 12 month 12.02.2013
Nomura DANIEL PORTER neutral 3 M 7 Not Provided 12.02.2013
Bell Potter JOHN O'SHEA buy 5 U 7 12 month 12.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Paterson Securities GEORGE GALANOPOULOS hold 3 D 9 12 month 24.10.2012
Shaw Stockbroking DANNY YOUNIS hold 3 N #N/A N/A Not Provided 10.08.2011
Holdings By:
Bradken Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Seven Group Holdings Ltd. is a diversified operating and investment group. The
Groups interests include media holdings that include Seven Network, a commercial
television network and publishing company, a telecommunications company, and a
heavy equipment dealer that operates Caterpillar dealerships in Australia and
North Eastern China.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 11.08
52-Week Low (14.11.2012) 6.14
Daily Volume
11
52-Week High % Change -0.72% Dividend Yield 3.64
52-Week Low % Change 79.15% Beta 1.34
% 52 Week Price Range High/Low 94.59% Equity Float 97.75
Shares Out 31.12.2012 307.4 Short Int -
3'381.51 1 Yr Total Return 33.42%
Total Debt 1'846.43 YTD Return 30.18%
Preferred Stock 427.2 Adjusted BETA 1.337
Minority Interest 11.3 Analyst Recs 11
Cash and Equivalents 127.75 Consensus Rating 4.273
Enterprise Value 4'229.67
Average Volume 5 Day 434'045
SVW AT EQUITY YTD Change - Average Volume 30 Day 365'824
SVW AT EQUITY YTD % CHANGE - Average Volume 3 Month 322'544
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
33.3 67.3 537.6 3'110.2 4'399.7 - - 5'143.7 4'937.6 - -
26.06x 2.32x 4.75x 1.40x 1.03x - - 0.99x 1.00x - -
(75.4) (7.0) 6.0 217.7 380.2 - - 665.4 626.1 - -
- - 427.52x 20.04x 11.93x - - 6.36x 6.76x - -
141.6 12.5 718.0 70.4 165.9 - - 371.2 348.4 - -
15.37x 68.38x 2.11x 80.25x 18.00x - - 9.18x 9.81x - -
EBITDA 380.16 Long-Term Rating Date -
EBIT 303.46 Long-Term Rating -
Operating Margin 6.90% Long-Term Outlook -
Pretax Margin 3.02% Short-Term Rating Date -
Return on Assets 6.69% Short-Term Rating -
Return on Common Equity 13.29%
Return on Capital 11.60% EBITDA/Interest Exp. 3.52
Asset Turnover 0.93% (EBITDA-Capex)/Interest Exp. 2.76
Net Debt/EBITDA 1.75
Gross Margin - Total Debt/EBITDA 2.65
EBITDA Margin 9.3%
EBIT Margin 8.0% Total Debt/Equity 86.2%
Net Income Margin 3.8% Total Debt/Capital 41.7%
Asset Turnover 0.93
Current Ratio 1.97 Net Fixed Asset Turnover 17.40
Quick Ratio 0.81 Accounts receivable turnover-days 43.82
Debt to Assets 31.91% Inventory Days -
Tot Debt to Common Equity 86.23% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.35 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Seven Group Holdings LtdPrice/Volume
Valuation Analysis
2'896'251.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
/
1
3
5
.-
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.&- 9
.&2 9
/&- 9
/&2 9
0&- 9
0&2 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
5'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/-&--
1-&--
3-&--
5-&--
.--&--
./-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NORTH ASTON PTY LTD n/a Co File 114'110'000 37.12 - 12.09.2012 n/a
ASHBLUE HOLDINGS PTY n/a Co File 62'082'442 20.2 - 12.09.2012 n/a
WROXBY PTY LTD n/a Co File 30'731'907 10 - 12.09.2012 Unclassified
AUSBIL DEXIA LIMITED n/a Co File 15'525'327 5.05 - 12.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'146'171 0.7 (36'216) 31.08.2011 Investment Advisor
MCWILLIAM BRUCE IAN n/a Co File 1'280'447 0.42 - 21.09.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'229'157 0.4 - 31.07.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 976'959 0.32 - 12.09.2012 Investment Advisor
EQUITY TRUSTEES LTD n/a Co File 600'000 0.2 - 12.09.2012 Investment Advisor
DEXIA ASSET MANAGEME Multiple Portfolios MF-AGG 576'756 0.19 - 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 509'953 0.17 1'620 30.09.2012 Mutual Fund Manager
WASATCH ADVISORS INC Multiple Portfolios MF-AGG 475'926 0.15 - 31.12.2012 Investment Advisor
GAMMELL PETER JOSHUA n/a EXCH 465'945 0.15 - 17.12.2012 n/a
STOKES KERRY MATTHEW n/a Co File 380'000 0.12 - 21.09.2012 n/a
UECHTRITZ RICHARD AN n/a Co File 318'442 0.1 - 21.09.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 174'416 0.06 2'826 31.12.2012 Investment Advisor
STOKES RYAN KERRY n/a Co File 93'000 0.03 - 21.09.2012 n/a
SCIENTIA FUND MANAGE Multiple Portfolios MF-AGG 75'986 0.02 (156'752) 31.12.2012 Investment Advisor
WALKER JAMES ALLAN n/a Co File 70'000 0.02 - 21.09.2012 n/a
LECKIE DAVID JOHN n/a Co File 66'908 0.02 - 21.09.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan ANTHONY PASSE-DE SILVA overweight 5 M 12 9 month 27.02.2013
Deutsche Bank DOMINIC ROSE hold 3 M 11 12 month 26.02.2013
Goldman Sachs NATHAN REILLY buy/attractive 5 M 12 12 month 26.02.2013
Macquarie ANDREW WACKETT outperform 5 M 13 12 month 26.02.2013
CIMB MATTHEW NICHOLAS outperform 5 M 12 12 month 26.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Bell Potter JONATHAN SNAPE buy 5 M 10 12 month 14.01.2013
Morgan Stanley DAVID EVANS Equalwt/In-Line 3 U 8 12 month 15.11.2012
Holdings By:
Seven Group Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Charter Hall Retail REIT owns a portfolio of supermarkets and shopping centers
located in non-metropolitan areas throughout Australia, New Zealand and the
United States.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (17.12.2012) 4.06
52-Week Low (08.03.2012) 2.95
Daily Volume
3.95
52-Week High % Change -2.71% Dividend Yield 6.68
52-Week Low % Change 33.90% Beta 0.65
% 52 Week Price Range High/Low 83.78% Equity Float 315.84
Shares Out 15.02.2013 337.6 Short Int -
1'333.45 1 Yr Total Return 37.99%
Total Debt 794.60 YTD Return 5.05%
Preferred Stock 0.0 Adjusted BETA 0.655
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 23.80 Consensus Rating 2.143
Enterprise Value 1'922.55
Average Volume 5 Day 828'598
CQR AT EQUITY YTD Change - Average Volume 30 Day 903'579
CQR AT EQUITY YTD % CHANGE - Average Volume 3 Month 906'378
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
186.0 209.0 182.7 183.7 191.3 - - 184.3 197.2 - -
12.15x 7.70x 8.54x 9.15x 9.21x - - 11.72x 10.85x - -
117.4 130.8 113.8 114.6 117.5 - - 143.2 153.5 - -
19.24x 12.30x 13.72x 14.67x 15.00x - - 13.43x 12.52x - -
100.4 (1'435.0) 73.8 62.2 9.7 - - 96.0 103.6 - -
12.02x - 12.90x 11.40x 38.44x - - 13.21x 12.66x - -
EBITDA 117.50 Long-Term Rating Date -
EBIT 117.50 Long-Term Rating -
Operating Margin 37.74% Long-Term Outlook -
Pretax Margin 13.90% Short-Term Rating Date -
Return on Assets 1.09% Short-Term Rating -
Return on Common Equity 1.99%
Return on Capital 1.22% EBITDA/Interest Exp. 2.54
Asset Turnover 0.09% (EBITDA-Capex)/Interest Exp. 0.06
Net Debt/EBITDA 5.46
Gross Margin - Total Debt/EBITDA 5.66
EBITDA Margin 61.1%
EBIT Margin - Total Debt/Equity 78.4%
Net Income Margin 5.1% Total Debt/Capital 43.9%
Asset Turnover 0.09
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 40.86% Inventory Days -
Tot Debt to Common Equity 78.41% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Charter Hall Retail REITPrice/Volume
Valuation Analysis
811'375.00
Current Price (2/dd/yy) Market Data
-..//00112
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200.0
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2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CHARTER HALL FUNDS M n/a Co File 31'044'973 9.2 - 31.08.2012 n/a
COMMONWEALTH BANK OF n/a EXCH 30'078'448 8.91 (1'435'485) 24.10.2012 Bank
GANDEL GROUP PTY LTD n/a EXCH 21'454'177 6.36 6'472'224 25.10.2012 Corporation
MACQUARIE GROUP LTD n/a ULT-AGG 16'842'723 4.99 (3'613'180) 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 15'967'814 4.73 985'460 24.10.2012 Unclassified
VANGUARD GROUP INC n/a Co File 15'386'193 4.56 - 31.08.2012 Investment Advisor
AUSTRALIA & NEW ZEAL n/a EXCH 15'141'185 4.49 (195'926) 25.03.2011 Bank
CBRE CLARION SECURIT n/a EXCH 15'079'409 4.47 (106'499) 09.09.2011 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 13'220'865 3.92 (614'135) 08.05.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 10'306'449 3.05 300'135 30.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 3'365'228 1 764'912 31.12.2012 Investment Advisor
COHEN & STEERS CAPIT Multiple Portfolios MF-AGG 3'252'505 0.96 3'252'505 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 3'196'110 0.95 - 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 2'838'577 0.84 20'520 25.02.2013 Investment Advisor
NIKKO ASSET MANAGEME n/a ULT-AGG 1'783'797 0.53 1'637'622 01.02.2013 Unclassified
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'519'472 0.45 125'148 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 1'404'987 0.42 328'988 26.02.2013 Investment Advisor
NORTHERN TRUST CORPO Multiple Portfolios MF-AGG 1'170'640 0.35 893'592 31.12.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 817'772 0.24 32'108 31.12.2012 Investment Advisor
MIDDLEFIELD SECURITI Multiple Portfolios MF-AGG 750'000 0.22 - 30.06.2011 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank DAVID LLOYD neutral 3 M 4 12 month 26.02.2013
Macquarie ROB FREEMAN neutral 3 M 4 12 month 19.02.2013
Morgan Stanley TODD MCFARLANE Underwt/In-Line 1 M 4 12 month 15.02.2013
Goldman Sachs SIMON WHEATLEY neutral/neutral 3 M 4 12 month 15.02.2013
JPMorgan RICHARD JONES underweight 1 M 4 9 month 15.02.2013
Credit Suisse JOHN LEE underperform 1 M 3 Not Provided 16.01.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
Deutsche Bank JASON WEATE hold 3 M 4 12 month 31.10.2012
Moelis & Company SIMON SCOTT hold 3 M 3 12 month 17.05.2012
Holdings By:
Charter Hall Retail REIT ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Independence Group NL is a gold and nickel mining and exploration company. The
Company's exploration projects are located in Western Australia, South
Australia, and the Northern Territory.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (03.01.2013) 5.05
52-Week Low (25.07.2012) 2.91
Daily Volume
4.53
52-Week High % Change -10.30% Dividend Yield 0.66
52-Week Low % Change 55.67% Beta 1.57
% 52 Week Price Range High/Low 76.64% Equity Float 217.95
Shares Out 30.06.2012 232.9 Short Int -
1'054.96 1 Yr Total Return 3.96%
Total Debt 18.62 YTD Return -2.58%
Preferred Stock 0.0 Adjusted BETA 1.567
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 196.02 Consensus Rating 3.333
Enterprise Value 877.55
Average Volume 5 Day 699'627
IGO AT EQUITY YTD Change - Average Volume 30 Day 775'574
IGO AT EQUITY YTD % CHANGE - Average Volume 3 Month 839'908
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
137.7 93.9 111.1 151.9 206.7 - - 241.3 357.4 - -
3.28x 4.25x - 6.05x 3.03x - - 4.21x 2.84x - -
72.2 37.4 46.8 47.9 (78.8) - - 69.0 134.5 - -
6.26x 10.68x - 19.20x - - - 12.72x 6.53x - -
51.5 16.1 28.7 5.5 (285.3) - - 28.4 68.8 - -
11.45x 32.74x 18.67x 144.73x - - - 37.44x 15.36x - -
EBITDA -78.84 Long-Term Rating Date -
EBIT -118.07 Long-Term Rating -
Operating Margin -57.12% Long-Term Outlook -
Pretax Margin -178.44% Short-Term Rating Date -
Return on Assets -30.78% Short-Term Rating -
Return on Common Equity -39.19%
Return on Capital - EBITDA/Interest Exp. -55.80
Asset Turnover 0.23% (EBITDA-Capex)/Interest Exp. -110.03
Net Debt/EBITDA -
Gross Margin 27.2% Total Debt/EBITDA -0.27
EBITDA Margin -32.2%
EBIT Margin -50.3% Total Debt/Equity 2.9%
Net Income Margin -138.0% Total Debt/Capital 2.8%
Asset Turnover 0.23
Current Ratio 3.76 Net Fixed Asset Turnover 0.49
Quick Ratio 2.88 Accounts receivable turnover-days 41.91
Debt to Assets 2.29% Inventory Days -
Tot Debt to Common Equity 2.90% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.73 Cash Conversion Cycle 51.05
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Independence Group NLPrice/Volume
Valuation Analysis
705'257.00
Current Price (2/dd/yy) Market Data
-
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/
0
1
2
3
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50.0
100.0
150.0
200.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JCP INVESTMENT PARTN n/a EXCH 23'407'512 10.05 (2'494'907) 15.01.2013 Investment Advisor
FMR LLC n/a ULT-AGG 18'789'167 8.07 3'264'867 03.01.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 12'480'994 5.36 (2'920'578) 14.12.2012 Bank
COMMONWEALTH BANK OF n/a Co File 11'877'008 5.1 - 14.09.2012 Bank
WESTPAC BANKING CORP n/a EXCH 11'804'916 5.07 1'811'477 19.09.2012 Bank
UBS n/a ULT-AGG 9'850'620 4.23 (1'103'093) 20.04.2011 Unclassified
TREASURY GROUP LTD n/a EXCH 9'679'306 4.16 (2'352'729) 27.06.2012 Corporation
BLACKROCK n/a ULT-AGG 8'508'194 3.65 (1'149'040) 25.02.2013 Investment Advisor
ORION ASSET MANAGEME n/a EXCH 7'108'412 3.05 (104'914) 08.04.2011 Investment Advisor
JP MORGAN n/a ULT-AGG 2'321'247 1 (11'117'336) 31.10.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'318'895 1 37'573 31.12.2012 Investment Advisor
BONWICK CHRISTOPHER n/a Co File 2'057'500 0.88 - 26.09.2012 n/a
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 1'784'425 0.77 - 30.06.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'401'027 0.6 - 31.07.2012 Investment Advisor
MARSTON RODNEY JOHN n/a Co File 1'321'917 0.57 - 26.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'218'605 0.52 (8'691) 30.09.2012 Mutual Fund Manager
LEGEND MINING LTD n/a EXCH 1'000'000 0.43 (900'000) 11.08.2010 Corporation
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 850'000 0.36 - 30.06.2012 Mutual Fund Manager
CHRISTIE JOHN ALEXAN n/a Co File 503'750 0.22 - 26.09.2012 n/a
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 453'000 0.19 - 31.01.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs IAN PRESTON sell/attractive 1 M 3 12 month 26.02.2013
RBC Capital Markets STEUART MCINTYRE sector perform 3 M 5 12 month 21.02.2013
Macquarie LEE BOWERS neutral 3 M 5 12 month 11.02.2013
Hartleys TRENT BARNETT accumulate 4 D 4 12 month 05.02.2013
Wilson HTM Investment Group CAMERON JUDD hold 3 M 4 Not Provided 04.02.2013
Credit Suisse PAUL MCTAGGART outperform 5 U 5 Not Provided 01.02.2013
Paterson Securities SIMON TONKIN hold 3 M 5 12 month 01.02.2013
Bell Potter STEPHEN THOMAS buy 5 U 5 12 month 01.02.2013
Argonaut Securities Pty Ltd TROY IRVIN buy 5 M 5 12 month 01.02.2013
Deutsche Bank CHRIS TERRY buy 5 U 5 12 month 31.01.2013
JPMorgan JOSEPH KIM neutral 3 M 4 3 month 25.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Commonwealth Bank ANDREW KNUCKEY underweight 1 M 3 12 month 09.11.2012
CIMB PHILLIP CHIPPINDALE outperform 5 N 6 12 month 07.11.2012
Holdings By:
Independence Group NL ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Qube Holdings Ltd. is a logistics company. The Group operates in
divisions covering Automotive, Bulk and General Stevedoring, Landside Logistics
and Strategic Development Assets.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 1.89
52-Week Low (25.07.2012) 1.40
Daily Volume
1.765
52-Week High % Change -6.37% Dividend Yield 2.32
52-Week Low % Change 26.30% Beta 0.87
% 52 Week Price Range High/Low 83.59% Equity Float 392.38
Shares Out 31.12.2012 926.5 Short Int -
1'635.25 1 Yr Total Return 14.32%
Total Debt 443.17 YTD Return 5.37%
Preferred Stock 0.0 Adjusted BETA 0.869
Minority Interest 77.9 Analyst Recs 13
Cash and Equivalents 119.56 Consensus Rating 3.154
Enterprise Value 2'036.76
Average Volume 5 Day 1'061'170
QUB AT EQUITY YTD Change - Average Volume 30 Day 903'737
QUB AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'053'080
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - 0.0 190.8 776.8 - - 1'054.0 1'174.5 - -
- - - 5.22x 2.36x - - 2.07x 1.85x - -
- - (5.6) (8.0) 28.0 - - 177.2 202.0 - -
- - - - 65.32x - - 11.50x 10.08x - -
- - 24.3 61.8 (2.5) - - 74.7 89.3 - -
- - 8.08x 13.68x - - - 21.79x 18.39x - -
EBITDA 28.01 Long-Term Rating Date -
EBIT -8.21 Long-Term Rating -
Operating Margin -1.06% Long-Term Outlook -
Pretax Margin -0.23% Short-Term Rating Date -
Return on Assets -0.19% Short-Term Rating -
Return on Common Equity -0.30%
Return on Capital - EBITDA/Interest Exp. 1.65
Asset Turnover 0.60% (EBITDA-Capex)/Interest Exp. -3.52
Net Debt/EBITDA 11.55
Gross Margin - Total Debt/EBITDA 15.82
EBITDA Margin 3.6%
EBIT Margin -1.1% Total Debt/Equity 43.7%
Net Income Margin -0.3% Total Debt/Capital 28.9%
Asset Turnover 0.60
Current Ratio 1.73 Net Fixed Asset Turnover 2.03
Quick Ratio 1.53 Accounts receivable turnover-days 39.95
Debt to Assets 25.75% Inventory Days -
Tot Debt to Common Equity 43.73% Accounts Payable Turnover Day -
Accounts Receivable Turnover 9.16 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Qube Holdings LtdPrice/Volume
Valuation Analysis
2'848'086.00
Current Price (2/dd/yy) Market Data
---.....///
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
TC GROUP INFRASTRUCT n/a EXCH 128'982'461 13.92 37'593'985 16.12.2011 Corporation
CARLYLE GROUP/THE n/a EXCH 91'388'476 9.86 55'108'272 12.04.2011 Private Equity
WILH WILHEMSEN HLDG n/a EXCH 76'000'000 8.2 (12'000'000) 06.03.2012 Other
TAVERNERS NO 10 PTY n/a EXCH 66'908'777 7.22 (4'075'266) 01.09.2011 Other
PERPETUAL LTD n/a EXCH 58'980'450 6.37 9'871'232 12.10.2012 Investment Advisor
KAWASAKI (AUSTRALIA) n/a EXCH 54'525'000 5.89 (18'175'000) 29.11.2011 Corporation
PATTERSON CHENEY INV n/a EXCH 39'309'603 4.24 1'029'212 04.04.2012 Investment Advisor
EAGLE SECURITIES LIM n/a EXCH 24'047'220 2.6 (3'000'000) 10.03.2011 Other
CORRIGAN CHRISTOPHER n/a Co File 15'993'553 1.73 - 30.06.2012 n/a
KAPLAN SAMUEL L n/a EXCH 13'633'668 1.47 (21'798'028) 11.09.2012 n/a
JAMES MAURICE A n/a Co File 5'870'855 0.63 2'000'000 14.11.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'927'904 0.53 69'519 31.12.2012 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 4'501'394 0.49 (22'660'067) 05.07.2011 Unclassified
DIGNEY PAUL n/a Co File 4'062'368 0.44 - 30.06.2012 n/a
SMITHWICK DON n/a Co File 3'801'854 0.41 - 30.06.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'337'337 0.36 697'440 30.09.2012 Mutual Fund Manager
DAVIES ALLAN JAMES n/a Co File 2'595'795 0.28 - 30.06.2012 n/a
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 1'919'000 0.21 - 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'799'052 0.19 23'176 25.02.2013 Investment Advisor
LEWIS PAUL n/a Co File 1'210'000 0.13 - 30.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie RUSSELL SHAW neutral 3 D 2 12 month 27.02.2013
Deutsche Bank CAMERON MCDONALD hold 3 D 2 12 month 26.02.2013
Morgan Stanley JULIA WENG Underwt/In-Line 1 M 2 12 month 26.02.2013
Credit Suisse NICHOLAS MARKIEWICZ neutral 3 D 2 Not Provided 26.02.2013
JPMorgan SCOTT CARROLL neutral 3 M 2 9 month 26.02.2013
CIMB MARK WILLIAMS neutral 3 M 2 12 month 26.02.2013
Commonwealth Bank MATT CROWE neutral 3 M 2 12 month 26.02.2013
Moelis & Company SIMON FITZGERALD buy 5 N 2 12 month 17.05.2012
Evans & Partners Pty Ltd PAUL RYAN Positive 4 N #N/A N/A Not Provided 13.05.2012
Lonsec Ltd PETER GREEN accumulate 4 M 2 Not Provided 19.03.2012
Holdings By:
Qube Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
CSR Limited manufactures and supplies buildings products. The Company's
products include plasterboard, insulation, glass, fibre cement, bricks and
rooftiles used in residential and commercial construction.
Latest Fiscal Year: 03/2012
LTM as of: 01/yy
52-Week High (08.02.2013) 2.18
52-Week Low (18.07.2012) 1.15
Daily Volume
1.965
52-Week High % Change -9.86% Dividend Yield 5.09
52-Week Low % Change 71.62% Beta 0.98
% 52 Week Price Range High/Low 74.88% Equity Float 475.38
Shares Out 30.09.2012 506.0 Short Int -
994.29 1 Yr Total Return 7.87%
Total Debt 0.10 YTD Return 0.26%
Preferred Stock 0.0 Adjusted BETA 0.977
Minority Interest 48.3 Analyst Recs 15
Cash and Equivalents 55.80 Consensus Rating 2.867
Enterprise Value 1'090.49
Average Volume 5 Day 2'456'466
CSR AT EQUITY YTD Change - Average Volume 30 Day 2'667'873
CSR AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'633'220
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 01/yy 01/yy 03/13 Y 03/14 Y 06/12 Q1 09/12 Q2
3'231.3 3'492.8 1'936.3 1'913.6 1'801.9 - - 1'696.4 1'807.8 - -
1.39x 0.83x 1.76x 0.82x 0.50x - - 0.59x 0.55x - -
371.6 405.0 330.8 323.4 182.2 - - 180.0 210.9 - -
12.08x 7.13x 10.31x 4.85x 4.96x - - 6.06x 5.17x - -
177.4 (326.5) (111.7) 503.4 76.3 - - 47.1 66.8 - -
16.67x - - - 11.92x - - 21.13x 15.00x - -
EBITDA 182.20 Long-Term Rating Date 08.02.2011
EBIT 92.60 Long-Term Rating BBB+
Operating Margin 5.14% Long-Term Outlook STABLE
Pretax Margin 5.78% Short-Term Rating Date 30.05.2005
Return on Assets 2.62% Short-Term Rating NR
Return on Common Equity 4.84%
Return on Capital - EBITDA/Interest Exp. 30.88
Asset Turnover 0.77% (EBITDA-Capex)/Interest Exp. 8.92
Net Debt/EBITDA 0.33
Gross Margin 29.0% Total Debt/EBITDA 0.39
EBITDA Margin 8.1%
EBIT Margin 2.8% Total Debt/Equity 0.0%
Net Income Margin 4.2% Total Debt/Capital 0.0%
Asset Turnover 0.77
Current Ratio 1.65 Net Fixed Asset Turnover 1.53
Quick Ratio 0.60 Accounts receivable turnover-days 66.38
Debt to Assets 0.00% Inventory Days 90.51
Tot Debt to Common Equity 0.01% Accounts Payable Turnover Day 58.22
Accounts Receivable Turnover 5.51 Cash Conversion Cycle 77.41
Inventory Turnover 4.04
Fiscal Year Ended
CSR LtdPrice/Volume
Valuation Analysis
3'086'131.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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/
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 44'972'587 8.89 (7'928'992) 13.12.2012 Investment Advisor
ALLAN GRAY AUSTRALIA n/a EXCH 39'377'377 7.78 6'265'485 16.07.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 32'365'063 6.4 - 08.02.2013 Bank
UBS n/a ULT-AGG 32'100'582 6.34 3'809'028 01.02.2013 Unclassified
PARADICE INVESTMENT n/a EXCH 30'180'250 5.96 - 22.11.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 25'733'336 5.09 (1'547'517) 25.02.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a EXCH 25'335'015 5.01 229'484 09.08.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 8'574'856 1.69 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'672'771 1.12 86'881 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 4'353'581 0.86 - 25.02.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'720'873 0.74 188'221 30.09.2012 Mutual Fund Manager
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 2'446'000 0.48 - 29.06.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'349'493 0.27 - 30.06.2011 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 942'400 0.19 939'400 30.09.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 745'906 0.15 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 725'025 0.14 144'822 31.08.2011 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 361'179 0.07 - 30.06.2012 Investment Advisor
DJERRIWARRH INVESTME Multiple Portfolios MF-AGG 313'000 0.06 - 30.06.2011 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 241'616 0.05 80 28.12.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 231'729 0.05 9'992 30.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank MICHAEL WARD underweight 1 M 2 12 month 18.02.2013
Macquarie LIAM FARLOW neutral 3 M 2 12 month 13.02.2013
Nomura SIMON THACKRAY buy 5 M 2 Not Provided 08.02.2013
Bell Potter JONATHAN SNAPE buy 5 U 2 12 month 29.01.2013
Moelis & Company TODD W GUYOT hold 3 N 2 13 month 16.01.2013
JPMorgan JASON HARLEY STEED neutral 3 M 2 9 month 15.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Deutsche Bank EMILY BEHNCKE hold 3 M 2 12 month 08.01.2013
Goldman Sachs MATTHEW MCNEE neutral/neutral 3 M 2 12 month 19.12.2012
CIMB ANDREW G SCOTT outperform 5 M 2 12 month 15.11.2012
Credit Suisse ANDREW PEROS underperform 1 M 1 Not Provided 13.11.2012
Holdings By:
CSR Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mesoblast Ltd., is a biotechnology company. The Company develops treatments for
orthopaedic conditions, including the commercialisation of adult stem cells to
regenerate, repair bone. and cartilage.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (28.03.2012) 8.04
52-Week Low (15.11.2012) 4.22
Daily Volume
6.52
52-Week High % Change -18.91% Dividend Yield 0.00
52-Week Low % Change 54.50% Beta 0.86
% 52 Week Price Range High/Low 56.81% Equity Float 131.10
Shares Out 31.01.2013 287.8 Short Int -
1'876.72 1 Yr Total Return -16.41%
Total Debt 0.00 YTD Return 23.02%
Preferred Stock 0.0 Adjusted BETA 0.864
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 206.75 Consensus Rating 3.600
Enterprise Value 1'698.07
Average Volume 5 Day 302'113
MSB AT EQUITY YTD Change - Average Volume 30 Day 417'645
MSB AT EQUITY YTD % CHANGE - Average Volume 3 Month 365'001
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - 14.6 27.7 - - 19.6 21.6 - -
- - - 147.97x 56.45x - - 88.65x 84.44x - -
(8.5) (9.9) (11.0) (12.4) (58.8) - - (63.9) (67.4) - -
- - - - - - - - - - -
(10.1) (12.3) (14.8) 90.6 (71.1) - - (54.3) (68.8) - -
- - - 20.70x - - - - - - -
EBITDA -58.82 Long-Term Rating Date -
EBIT -59.19 Long-Term Rating -
Operating Margin -213.83% Long-Term Outlook -
Pretax Margin -176.00% Short-Term Rating Date -
Return on Assets -7.69% Short-Term Rating -
Return on Common Equity -11.54%
Return on Capital - EBITDA/Interest Exp. -203514.16
Asset Turnover 0.03% (EBITDA-Capex)/Interest Exp. -210376.73
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin -390.8% Total Debt/Equity 0.0%
Net Income Margin -257.0% Total Debt/Capital 0.0%
Asset Turnover 0.03
Current Ratio 4.89 Net Fixed Asset Turnover 10.84
Quick Ratio 4.65 Accounts receivable turnover-days 71.59
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.11 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Mesoblast LtdPrice/Volume
Valuation Analysis
122'172.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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0.0
5.0
10.0
15.0
20.0
25.0
30.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ITESCU SILVIU n/a Co File 67'751'838 23.54 - 16.10.2012 n/a
CEPHALON INC n/a Co File 55'785'806 19.38 - 16.10.2012 Corporation
M&G INVESTMENT MANAG n/a Co File 32'018'195 11.12 - 16.10.2012 Investment Advisor
THORNEY HOLDINGS PTY n/a Co File 17'342'093 6.02 - 16.10.2012 Investment Advisor
DALIT PTY LTD n/a Co File 4'468'839 1.55 - 16.10.2012 n/a
CAPITAL GROUP COMPAN n/a ULT-AGG 3'325'000 1.16 - 31.12.2012 Investment Advisor
MESOBLAST AUST PTY L n/a Co File 3'035'000 1.05 - 16.10.2012 n/a
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 3'000'000 1.04 - 30.11.2012 Investment Advisor
J G M INV GRP P/L n/a Co File 2'792'642 0.97 - 16.10.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'078'890 0.72 18'100 31.12.2012 Investment Advisor
ADELAIDE HEALTH SVSC n/a Co File 1'953'000 0.68 - 16.10.2012 n/a
AVISTER PTY LTD n/a Co File 1'919'354 0.67 - 16.10.2012 n/a
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 1'300'000 0.45 - 31.12.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 1'184'955 0.41 (32'365) 31.12.2012 Investment Advisor
SPOONER MICHAEL n/a Co File 1'081'335 0.38 - 22.08.2012 n/a
SKANDIA INVESTMENT M Multiple Portfolios MF-AGG 970'852 0.34 (42'400) 31.12.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 834'134 0.29 - 16.10.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 806'205 0.28 (4'852) 30.09.2012 Mutual Fund Manager
HAZLAHA INV LTD n/a Co File 597'800 0.21 - 16.10.2012 n/a
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 546'903 0.19 - 28.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie CRAIG COLLIE underperform 1 M 4 12 month 26.02.2013
Maxim Group LLC JASON KOLBERT buy 5 M 11 12 month 19.02.2013
Wilson HTM Investment Group SHANE STOREY hold 3 M 5 Not Provided 12.02.2013
Deutsche Bank DAVID A LOW buy 5 M 8 12 month 11.02.2013
Credit Suisse SAUL HADASSIN outperform 5 M 8 Not Provided 11.02.2013
BBY Limited DENNIS HULME underperform 1 D 8 12 month 11.02.2013
Nomura DAVID STANTON buy 5 M 8 Not Provided 11.02.2013
EVA Dimensions ANDREW S ZAMFOTIS sell 1 M #N/A N/A Not Provided 15.01.2013
Bell Potter STUART ROBERTS buy 5 M 15 12 month 05.09.2012
Holdings By:
Mesoblast Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Nufarm Limited manufactures and supplies a range of agricultural chemicals used
by farmers to protect crops from damage caused by weeds, pests and disease.
The Company has worldwide operations.
Latest Fiscal Year: 07/2012
LTM as of: 01/yy
52-Week High (21.01.2013) 6.47
52-Week Low (28.02.2012) 4.40
Daily Volume
5.58
52-Week High % Change -13.76% Dividend Yield 1.08
52-Week Low % Change 26.82% Beta 0.83
% 52 Week Price Range High/Low 59.90% Equity Float 231.43
Shares Out 01.02.2013 262.8 Short Int -
1'466.41 1 Yr Total Return 24.04%
Total Debt 659.12 YTD Return -3.96%
Preferred Stock 246.9 Adjusted BETA 0.830
Minority Interest 0.6 Analyst Recs 14
Cash and Equivalents 191.32 Consensus Rating 2.571
Enterprise Value 2'181.74
Average Volume 5 Day 502'344
NUF AT EQUITY YTD Change - Average Volume 30 Day 824'588
NUF AT EQUITY YTD % CHANGE - Average Volume 3 Month 719'812
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.07.2008 31.07.2009 31.07.2010 31.07.2011 31.07.2012 01/yy 01/yy 07/13 Y 07/14 Y - -
2'492.5 2'677.1 2'168.6 2'083.6 2'181.6 - - 2'257.4 2'384.8 - -
1.72x 1.33x 0.86x 0.89x 0.99x - - 0.98x 0.91x - -
348.7 229.6 115.0 156.3 205.7 - - 287.9 311.6 - -
12.28x 15.46x 16.23x 11.83x 10.45x - - 7.58x 7.00x - -
137.9 79.9 (24.0) (49.9) 72.6 - - 113.2 129.0 - -
24.18x 32.36x - - 24.53x - - 13.01x 11.53x - -
EBITDA 205.66 Long-Term Rating Date 21.02.2011
EBIT 140.17 Long-Term Rating BB
Operating Margin 6.43% Long-Term Outlook STABLE
Pretax Margin 5.06% Short-Term Rating Date 15.08.2001
Return on Assets 2.57% Short-Term Rating NR
Return on Common Equity 4.60%
Return on Capital 5.14% EBITDA/Interest Exp. 3.33
Asset Turnover 0.77% (EBITDA-Capex)/Interest Exp. 2.56
Net Debt/EBITDA 2.27
Gross Margin 28.0% Total Debt/EBITDA 3.20
EBITDA Margin 9.4%
EBIT Margin 6.4% Total Debt/Equity 53.6%
Net Income Margin 3.3% Total Debt/Capital 30.9%
Asset Turnover 0.77
Current Ratio 1.83 Net Fixed Asset Turnover 5.86
Quick Ratio 1.06 Accounts receivable turnover-days 105.19
Debt to Assets 23.53% Inventory Days 123.15
Tot Debt to Common Equity 53.62% Accounts Payable Turnover Day 101.52
Accounts Receivable Turnover 3.48 Cash Conversion Cycle 126.82
Inventory Turnover 2.97
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Nufarm Ltd/AustraliaPrice/Volume
Valuation Analysis
278'054.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&--
3&--
5&--
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0.&-4&/--6 0.&-.&/-.- 0.&-4&/-.- 0.&-.&/-.. 0.&-4&/-.. 0.&-.&/-./ 0.&-4&/-./ 0.&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SUMITOMO CHEMICAL CO n/a Co File 60'210'136 22.91 - 28.09.2011 Corporation
UBS n/a ULT-AGG 14'516'702 5.52 - 15.07.2010 Unclassified
AMALGAMATED DAIRIES n/a Co File 14'330'798 5.45 - 28.09.2011 Corporation
IOOF HOLDINGS LTD n/a EXCH 13'854'165 5.27 (2'248'185) 09.06.2011 Investment Advisor
MASSACHUSETTS FINANC n/a EXCH 13'112'345 4.99 - 28.09.2011 Investment Advisor
SUN LIFE FINANCIAL I n/a EXCH 13'079'699 4.98 - 11.10.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 12'162'870 4.63 (1'177'739) 14.11.2011 Bank
RATHBONE DOUGLAS JOH n/a EXCH 11'642'880 4.43 - 02.08.2012 n/a
BANK OF AMERICA CORP n/a EXCH 11'609'140 4.42 (6'010'560) 09.09.2010 Investment Advisor
CREDIT SUISSE AG n/a EXCH 11'039'268 4.2 (474'417) 12.02.2010 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'139'477 1.58 - 31.07.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 3'853'626 1.47 (7'244) 25.02.2013 Investment Advisor
HOGGARD KERRANCE MER n/a EXCH 2'032'632 0.77 - 13.07.2010 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'840'567 0.7 3'599 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 932'511 0.35 (6'898) 30.09.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 904'964 0.34 (122'187) 25.02.2013 Investment Advisor
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 620'000 0.24 - 31.12.2012 Investment Advisor
GOODFELLOW WILLIAM B n/a EXCH 590'477 0.22 164 16.11.2012 n/a
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 576'000 0.22 109'000 31.01.2013 Investment Advisor
GAM INTERNATIONAL MA Multiple Portfolios MF-AGG 488'450 0.19 (196'660) 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura RICHARD J JOHNSON reduce 2 M 5 Not Provided 04.02.2013
Octa Phillip Securities Ltd PAUL JENSZ hold 3 M 6 Not Provided 25.01.2013
Macquarie RIKKI BANNAN underperform 1 M 6 12 month 24.01.2013
Wilson HTM Investment Group JAMES FERRIER buy 5 M 7 Not Provided 24.01.2013
Credit Suisse LARRY GANDLER underperform 1 M 6 Not Provided 23.01.2013
JPMorgan STUART JACKSON neutral 3 M 6 9 month 23.01.2013
Ord Minnett STEPHEN SCOTT lighten 2 M 6 Not Provided 23.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
Goldman Sachs JAMES HANNAM neutral/neutral 3 M 6 12 month 21.12.2012
RBS Morgans BELINDA MOORE neutral 3 M 6 12 month 10.12.2012
Deutsche Bank MARK WILSON sell 1 M 4 12 month 25.09.2012
Holdings By:
Nufarm Ltd/Australia ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Cardno Limited provides consulting engineering services for the construction,
infrastructure and natural environments industries in Australia and South East
Asia. The Group provides services in all aspects of engineering including
civil, structural, environmental and management consulting.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.08.2012) 8.64
52-Week Low (21.11.2012) 5.89
Daily Volume
7.18
52-Week High % Change -16.90% Dividend Yield 5.01
52-Week Low % Change 21.90% Beta 0.83
% 52 Week Price Range High/Low 48.00% Equity Float 135.75
Shares Out 20.02.2013 142.3 Short Int -
1'021.50 1 Yr Total Return 18.00%
Total Debt 198.84 YTD Return 3.01%
Preferred Stock 0.0 Adjusted BETA 0.835
Minority Interest 0.0 Analyst Recs 8
Cash and Equivalents 105.48 Consensus Rating 3.750
Enterprise Value 1'165.22
Average Volume 5 Day 588'408
CDD AT EQUITY YTD Change - Average Volume 30 Day 400'967
CDD AT EQUITY YTD % CHANGE - Average Volume 3 Month 445'047
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
396.2 514.2 474.8 828.4 959.9 - - 1'177.0 1'260.5 - -
0.87x 0.61x 1.01x 0.73x 1.19x - - 0.98x 0.90x - -
50.2 52.5 53.3 96.9 124.2 - - 145.8 162.6 - -
6.88x 5.99x 9.03x 6.24x 9.16x - - 7.99x 7.17x - -
27.5 34.2 37.6 58.8 74.2 - - 85.0 95.3 - -
10.81x 7.87x 9.12x 9.56x 12.25x - - 11.99x 10.78x - -
EBITDA 124.16 Long-Term Rating Date -
EBIT 108.05 Long-Term Rating -
Operating Margin 11.26% Long-Term Outlook -
Pretax Margin 10.94% Short-Term Rating Date -
Return on Assets 8.68% Short-Term Rating -
Return on Common Equity 15.88%
Return on Capital 11.83% EBITDA/Interest Exp. 20.45
Asset Turnover 1.24% (EBITDA-Capex)/Interest Exp. 17.83
Net Debt/EBITDA 1.09
Gross Margin - Total Debt/EBITDA 1.75
EBITDA Margin 11.8%
EBIT Margin 10.0% Total Debt/Equity 36.2%
Net Income Margin 7.7% Total Debt/Capital 26.6%
Asset Turnover 1.24
Current Ratio 1.95 Net Fixed Asset Turnover 25.61
Quick Ratio 1.35 Accounts receivable turnover-days 55.91
Debt to Assets 20.74% Inventory Days -
Tot Debt to Common Equity 36.23% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.55 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Cardno LtdPrice/Volume
Valuation Analysis
206'714.00
Current Price (2/dd/yy) Market Data
-./0123456
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0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
5&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
.3&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 9'319'020 6.55 2'200'880 29.11.2012 Investment Advisor
DENVER INVESTMENT AD DENVER INVESTMENT AD 13F 7'977'375 5.61 4'674'057 31.12.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 6'844'446 4.81 - 12.12.2012 Bank
JOHNSON TREVOR CHARL n/a EXCH 1'626'241 1.14 26'240 13.02.2013 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'297'717 0.91 11'700 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'015'676 0.71 160'372 30.09.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 975'457 0.69 406'709 31.12.2012 Investment Advisor
GARDINER PAUL n/a Co File 971'458 0.68 - 30.06.2012 n/a
Bonnip Pty Ltd n/a EXCH 919'766 0.65 - 21.02.2013 Unclassified
BUCKLAND QLD PTY LTD n/a EXCH 891'924 0.63 - 21.02.2013 Other
COLLINS-WOOLCOCK ROG n/a Co File 749'198 0.53 - 30.06.2012 n/a
INVESCO LTD Multiple Portfolios MF-AGG 746'785 0.52 709'375 26.02.2013 Investment Advisor
BUCKLEY ANDREW DAVID n/a EXCH 671'547 0.47 - 21.02.2013 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 646'317 0.45 - 31.07.2012 Investment Advisor
PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 568'769 0.4 568'769 31.12.2012 Investment Advisor
JOHNSTON IAN JOHN n/a Co File 268'839 0.19 - 30.06.2012 n/a
RENSHAW MICHAEL n/a Co File 251'459 0.18 - 30.06.2012 n/a
BLACKROCK n/a ULT-AGG 210'366 0.15 - 25.02.2013 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 188'564 0.13 38'008 31.12.2012 Investment Advisor
ALTAMIRA MANAGEMENT Multiple Portfolios MF-AGG 128'075 0.09 67'039 31.12.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 26.02.2013
Macquarie CAMERON PIERCE neutral 3 M 7 12 month 20.02.2013
RBS Morgans ROGER LEANING neutral 3 D 8 12 month 20.02.2013
Deutsche Bank WASSIM KISIRWANI hold 3 M 7 12 month 19.02.2013
Goldman Sachs MIKE YOUNGER neutral/neutral 3 M 8 12 month 19.02.2013
BBY Limited MOIRA EILEEN DAW buy 5 D 8 12 month 19.02.2013
Paterson Securities GRAEME CARSON hold 3 M 6 12 month 22.11.2012
Credit Suisse DARREN VINCENT neutral 3 M 6 Not Provided 08.02.2012
Holdings By:
Cardno Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Shopping Centres Australasia Property Group is a real estate investment
trust owning Woolworths Group anchored shopping centres and freestanding retail
assets.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (30.01.2013) 1.67
52-Week Low (26.11.2012) 1.41
Daily Volume
1.655
52-Week High % Change -0.60% Dividend Yield -
52-Week Low % Change 17.79% Beta -
% 52 Week Price Range High/Low 94.23% Equity Float 585.09
Shares Out 19.12.2012 585.5 Short Int -
968.93 1 Yr Total Return -
Total Debt - YTD Return 10.33%
Preferred Stock - Adjusted BETA -
Minority Interest - Analyst Recs 5
Cash and Equivalents - Consensus Rating 1.400
Enterprise Value -
Average Volume 5 Day 2'104'356
SCP AT EQUITY YTD Change - Average Volume 30 Day 3'433'191
SCP AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'948'081
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - - - - - 63.8 127.8 - -
- - - - - - - 21.87x 11.26x - -
- - - - - - - 52.0 99.9 - -
- - - - - - - - - - -
- - - - - - - 38.8 72.8 - -
- - - - - - - 24.34x 13.57x - -
EBITDA - Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets - Short-Term Rating -
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover - (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity -
Net Income Margin - Total Debt/Capital -
Asset Turnover -
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets - Inventory Days -
Tot Debt to Common Equity - Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Shopping Centres Australasia Property GroupPrice/Volume
Valuation Analysis
2'619'117.00
Current Price (2/dd/yy) Market Data
---.....//
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MONDRIAN INVESTMENT n/a EXCH 44'747'227 7.64 6'603'272 07.02.2013 Hedge Fund Manager
VANGUARD GROUP INC n/a EXCH 34'711'268 5.93 - 21.12.2012 Investment Advisor
ABERDEEN n/a ULT-AGG 13'850'458 2.37 10'944'180 31.01.2013 Unclassified
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 1'555'848 0.27 521'842 31.12.2012 Investment Advisor
UNIVERSAL INVESTMENT Multiple Portfolios MF-AGG 340'000 0.06 - 28.12.2012 Mutual Fund Manager
HODGKINSON JAMES T n/a EXCH 274'285 0.05 - 11.12.2012 n/a
FMR LLC n/a ULT-AGG 234'879 0.04 (231'669) 31.12.2012 Investment Advisor
HEXAVEST INC HEXAVEST INC 13F 208'016 0.04 208'016 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 205'049 0.04 - 25.02.2013 Investment Advisor
STOREBRAND FUND MANA Multiple Portfolios MF-AGG 174'622 0.03 - 31.01.2013 Investment Advisor
NIKKO ASSET MANAGEME n/a ULT-AGG 165'200 0.03 (29'600) 01.02.2013 Unclassified
LEGAL & GENERAL n/a ULT-AGG 139'050 0.02 33'273 28.12.2012 Unclassified
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 129'199 0.02 129'199 31.12.2012 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 88'252 0.02 - 31.01.2013 Investment Advisor
SJUNDE AP FONDEN Multiple Portfolios MF-AGG 78'027 0.01 78'027 31.12.2012 Investment Advisor
NATIONWIDE FUND ADVI Multiple Portfolios MF-AGG 68'938 0.01 68'938 30.11.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 62'891 0.01 62'891 31.12.2012 Investment Advisor
JOHN HANCOCK INVESTM Multiple Portfolios MF-AGG 60'159 0.01 (11'838) 31.12.2012 Mutual Fund Manager
BNP PARIBAS INV PART n/a ULT-AGG 57'804 0.01 2'515 31.12.2012 Investment Advisor
POLLARD IAN n/a EXCH 53'571 0.01 - 11.12.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie ROB FREEMAN underperform 1 M 1 12 month 14.02.2013
JPMorgan ROB STANTON underweight 1 M 1 9 month 13.02.2013
Moelis & Company RYAN FRANZ hold 3 N 2 12 month 08.02.2013
Deutsche Bank JASON WEATE sell 1 N 2 12 month 05.02.2013
Holdings By:
Shopping Centres Australasia Property Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
BWP Trust is a listed managed investment scheme which invests in commercial real
estate throughout Australia. The Trust has a portfolio of Bunnings Warehouse
properties located throughout Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (08.02.2013) 2.43
52-Week Low (16.03.2012) 1.72
Daily Volume
2.29
52-Week High % Change -5.76% Dividend Yield 6.57
52-Week Low % Change 32.79% Beta 0.62
% 52 Week Price Range High/Low 81.57% Equity Float 406.43
Shares Out 26.02.2013 537.8 Short Int -
1'231.46 1 Yr Total Return 36.96%
Total Debt 288.89 YTD Return 6.02%
Preferred Stock 0.0 Adjusted BETA 0.622
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 24.73 Consensus Rating 1.889
Enterprise Value 1'517.75
Average Volume 5 Day 1'323'501
BWP AT EQUITY YTD Change - Average Volume 30 Day 1'167'620
BWP AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'075'795
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
65.9 73.2 78.5 85.3 102.1 - - 108.8 113.3 - -
12.40x 11.69x 12.28x 13.53x 12.18x - - 14.00x 13.46x - -
58.3 61.7 69.6 75.3 91.1 - - 97.6 101.2 - -
14.01x 13.86x 13.87x 15.33x 13.66x - - 15.55x 15.00x - -
0.7 (11.7) 92.2 81.5 69.9 - - 75.7 79.0 - -
743.48x - 8.50x 10.18x 13.92x - - 16.36x 15.58x - -
EBITDA 91.08 Long-Term Rating Date -
EBIT 70.57 Long-Term Rating -
Operating Margin 69.12% Long-Term Outlook -
Pretax Margin 68.50% Short-Term Rating Date -
Return on Assets 6.58% Short-Term Rating -
Return on Common Equity 8.79%
Return on Capital 6.91% EBITDA/Interest Exp. 4.44
Asset Turnover 0.08% (EBITDA-Capex)/Interest Exp. -0.10
Net Debt/EBITDA 3.02
Gross Margin - Total Debt/EBITDA 3.12
EBITDA Margin 89.3%
EBIT Margin - Total Debt/Equity 29.7%
Net Income Margin 68.5% Total Debt/Capital 22.9%
Asset Turnover 0.08
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 21.64% Inventory Days -
Tot Debt to Common Equity 29.66% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
BWP TrustPrice/Volume
Valuation Analysis
638'642.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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20.0
40.0
60.0
80.0
100.0
120.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WESFARMERS LTD #N/A N/A EXCH 130'712'708 24.31 9'600'040 26.02.2013 Corporation
COMMONWEALTH BANK OF n/a EXCH 25'557'535 4.75 (1'205'653) 21.10.2011 Bank
ING GROEP NV n/a EXCH 22'189'645 4.13 - 02.12.2010 Investment Advisor
ABERDEEN n/a ULT-AGG 17'494'010 3.25 (296'000) 31.01.2013 Unclassified
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 16'533'524 3.07 491'286 30.09.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'236'708 0.97 129'733 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 4'531'335 0.84 - 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 4'473'850 0.83 32'713 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'528'581 0.66 80'251 31.12.2012 Investment Advisor
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 3'327'279 0.62 (2'954'721) 08.05.2012 Investment Advisor
GOLDMAN SACHS JBWERE Multiple Portfolios MF-AGG 1'827'321 0.34 - 17.07.2012 Investment Advisor
DIAM n/a ULT-AGG 1'679'018 0.31 - 20.01.2012 Unclassified
INVESCO LTD Multiple Portfolios MF-AGG 1'272'402 0.24 758'245 26.02.2013 Investment Advisor
MITSUBISHI UFJ FINAN n/a ULT-AGG 1'046'609 0.19 (7'000) 05.07.2012 Holding Company
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 729'986 0.14 (28'469) 31.12.2012 Investment Advisor
HEITMAN REAL ESTATE Multiple Portfolios MF-AGG 664'400 0.12 - 13.09.2012 Investment Advisor
NORTHERN TRUST CORPO Multiple Portfolios MF-AGG 507'743 0.09 26'285 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 436'847 0.08 - 28.12.2012 Mutual Fund Manager
AUSTIN JOHN AMBROSE n/a Co File 295'967 0.06 - 30.06.2012 n/a
MANSELL PETER JOHN n/a Co File 227'289 0.04 9'289 29.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Commonwealth Bank DAVID LLOYD neutral 3 M 2 12 month 26.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 U #N/A N/A Not Provided 20.02.2013
JPMorgan SCOTT MOLLOY underweight 1 M 2 9 month 13.02.2013
Goldman Sachs SIMON WHEATLEY Sell/Neutral 1 M 2 12 month 12.02.2013
Moelis & Company RYAN FRANZ sell 1 M 2 12 month 20.09.2012
Holdings By:
BWP Trust ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Resolute Mining Limited explores for, produces and develops gold in Ghana, Mali
Queensland and Tanzania. The Company's gold exploration projects include
Obotan, Syama, Ravenswood and Golden Pride.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (13.03.2012) 2.11
52-Week Low (21.02.2013) 1.20
Daily Volume
1.365
52-Week High % Change -35.31% Dividend Yield 3.66
52-Week Low % Change 13.75% Beta 1.34
% 52 Week Price Range High/Low 14.84% Equity Float 251.00
Shares Out 31.12.2012 643.1 Short Int -
877.82 1 Yr Total Return -28.52%
Total Debt 11.02 YTD Return -16.77%
Preferred Stock 0.0 Adjusted BETA 1.337
Minority Interest (33.3) Analyst Recs 13
Cash and Equivalents 48.78 Consensus Rating 3.769
Enterprise Value 816.70
Average Volume 5 Day 5'100'573
RSG AT EQUITY YTD Change - Average Volume 30 Day 5'471'674
RSG AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'559'934
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 12/11 Q2 03/12 Q3
231.5 299.7 342.5 445.1 576.7 - - 666.2 643.8 - -
2.48x 1.12x 1.46x 1.36x 1.37x - - 1.09x 1.09x - -
20.9 57.3 80.3 110.0 254.4 - - 285.5 275.9 - -
27.45x 5.85x 6.23x 5.49x 3.10x - - 2.86x 2.96x - -
(56.7) 30.7 (37.2) 59.7 105.1 - - 150.2 146.0 - -
- 6.17x - 8.72x 7.25x - - 5.71x 5.71x - -
EBITDA 254.40 Long-Term Rating Date -
EBIT 180.99 Long-Term Rating -
Operating Margin 31.38% Long-Term Outlook -
Pretax Margin 21.58% Short-Term Rating Date -
Return on Assets 21.89% Short-Term Rating -
Return on Common Equity 25.34%
Return on Capital 27.39% EBITDA/Interest Exp. 24.36
Asset Turnover 0.90% (EBITDA-Capex)/Interest Exp. 22.02
Net Debt/EBITDA -0.13
Gross Margin 35.8% Total Debt/EBITDA 0.06
EBITDA Margin 42.1%
EBIT Margin 31.0% Total Debt/Equity 1.9%
Net Income Margin 18.2% Total Debt/Capital 2.0%
Asset Turnover 0.90
Current Ratio 3.40 Net Fixed Asset Turnover 3.38
Quick Ratio 0.76 Accounts receivable turnover-days 12.69
Debt to Assets 1.66% Inventory Days 136.26
Tot Debt to Common Equity 1.91% Accounts Payable Turnover Day 32.96
Accounts Receivable Turnover 28.85 Cash Conversion Cycle 85.74
Inventory Turnover 2.69
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Resolute Mining LtdPrice/Volume
Valuation Analysis
2'162'209.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
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/-&- 9
/2&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ICM LTD n/a EXCH 192'072'476 29.87 (5'037'500) 20.11.2012 Other
UTILICO INVESTMENTS n/a EXCH 126'929'227 19.74 1'500'000 12.07.2012 Investment Advisor
M&G INVESTMENT MANAG n/a EXCH 64'000'000 9.95 (5'700'000) 08.02.2013 Investment Advisor
VANGUARD GROUP INC n/a EXCH 57'000'000 8.86 5'034'971 05.10.2012 Investment Advisor
BANK OF AMERICA CORP n/a EXCH 39'392'367 6.13 (9'442'393) 10.05.2012 Investment Advisor
VINVA INVESTMENT MGM n/a EXCH 32'497'591 5.05 - 31.01.2013 Investment Advisor
VAN ECK ASSOCIATES C n/a EXCH 31'464'292 4.89 - 05.09.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 30'815'709 4.79 - 25.02.2013 Investment Advisor
CF RUFFER BAKER STEE n/a EXCH 19'097'479 2.97 (3'846'391) 04.04.2012 n/a
RUFFER LLP Multiple Portfolios MF-AGG 15'267'000 2.37 - 28.09.2012 Hedge Fund Manager
PERMANENT INVESTMENT n/a EXCH 5'010'643 0.78 (4'989'357) 12.07.2012 Other
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'891'038 0.76 - 31.07.2012 Investment Advisor
GENUS DYNAMIC GOLD F n/a EXCH 4'811'000 0.75 - 23.02.2012 n/a
BAKER STEEL CAPITAL n/a EXCH 4'300'000 0.67 - 04.04.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 3'790'818 0.59 (397'971) 31.12.2012 Unclassified
ECLECTIC INVEST TRUS n/a EXCH 3'500'000 0.54 1'500'000 12.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'455'670 0.54 807'280 30.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 3'438'261 0.53 (546'000) 31.12.2012 Investment Advisor
SULLIVAN PETER ROSS n/a EXCH 3'007'448 0.47 (500'000) 02.01.2013 n/a
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 1'485'807 0.23 108'451 31.05.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Canaccord Genuity Corp REG SPENCER hold 3 M 2 12 month 26.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/Attractive 3 U 1 12 month 22.02.2013
Foster Stockbroking CRAIG BROWN buy 5 U 2 Not Provided 25.01.2013
Veritas Securities MATTHEW BAILLIE buy 5 M 2 Not Provided 25.01.2013
BMO Capital Markets DAVID HAUGHTON market perform 3 M 2 Not Provided 23.01.2013
GMP LEVI SPRY hold 3 M 2 Not Provided 23.01.2013
Bell Potter STEPHEN THOMAS buy 5 M 2 12 month 23.01.2013
Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 2 12 month 23.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
Westhouse Securities ROB BROKE add 4 M 2 Not Provided 08.11.2012
Helmsec Global Capital Limited GAVIN VAN DER WATH speculative buy 4 M 2 12 month 31.07.2012
Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012
Holdings By:
Resolute Mining Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Paladin Energy Limited primarily explores for uranium in Australia and Southern
Africa.
Latest Fiscal Year: 06/2012
LTM as of: 09/yy
52-Week High (14.03.2012) 2.01
52-Week Low (16.11.2012) 0.74
Daily Volume
1.145
52-Week High % Change -43.03% Dividend Yield 0.00
52-Week Low % Change 54.73% Beta 1.86
% 52 Week Price Range High/Low 32.68% Equity Float 709.67
Shares Out 15.02.2013 837.0 Short Int -
958.33 1 Yr Total Return -38.27%
Total Debt 838.50 YTD Return 11.17%
Preferred Stock 0.0 Adjusted BETA 1.860
Minority Interest 52.4 Analyst Recs 22
Cash and Equivalents 112.10 Consensus Rating 3.545
Enterprise Value 1'712.81
Average Volume 5 Day 6'941'370
PDN AT EQUITY YTD Change - Average Volume 30 Day 8'223'810
PDN AT EQUITY YTD % CHANGE - Average Volume 3 Month 8'530'488
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 09/yy 09/yy 06/13 Y 06/14 Y 12/12 Q2 03/13 Q3
93.8 111.8 202.0 266.8 365.8 321.1 324.1 408.3 489.6 135.0 111.0
44.94x 27.48x 13.05x 10.44x 5.05x 37.92x 24.52x 3.57x 2.92x - -
(5.2) (750.1) 21.1 (2.9) (136.4) (17.1) (134.0) 16.2 145.8 22.0 -
- - 124.89x - - 0.00x 0.00x 105.83x 11.75x - -
(36.0) (480.2) (45.6) (82.3) (172.8) (193.8) (95.3) (80.8) 20.8 (4.0) -
- - - - - 0.00x 0.00x - 29.15x - -
EBITDA -136.40 Long-Term Rating Date -
EBIT -187.80 Long-Term Rating -
Operating Margin -51.34% Long-Term Outlook -
Pretax Margin -76.41% Short-Term Rating Date -
Return on Assets -4.13% Short-Term Rating -
Return on Common Equity -8.66%
Return on Capital - EBITDA/Interest Exp. -3.75
Asset Turnover 0.14% (EBITDA-Capex)/Interest Exp. -6.01
Net Debt/EBITDA -
Gross Margin 17.5% Total Debt/EBITDA -6.22
EBITDA Margin -41.3%
EBIT Margin -57.2% Total Debt/Equity 73.4%
Net Income Margin -47.2% Total Debt/Capital 41.2%
Asset Turnover 0.14
Current Ratio 1.54 Net Fixed Asset Turnover 0.28
Quick Ratio 0.65 Accounts receivable turnover-days 6.89
Debt to Assets 35.72% Inventory Days 258.43
Tot Debt to Common Equity 73.40% Accounts Payable Turnover Day 69.34
Accounts Receivable Turnover 53.13 Cash Conversion Cycle 166.30
Inventory Turnover 1.42
Fiscal Year Ended
Paladin Energy LtdPrice/Volume
Valuation Analysis
3'585'542.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
L1 CAPITAL PTY LTD n/a EXCH 63'119'387 7.54 9'584'967 24.08.2012 Mutual Fund Manager
NEWMONT MINING CORP n/a Co File 52'097'937 6.22 - 16.09.2011 Corporation
GOVT OF SINGAPORE IN n/a ULT-AGG 50'957'433 6.09 8'651'860 05.12.2012 Government
NATIONAL AUSTRALIA B n/a ULT-AGG 41'932'448 5.01 21'028 14.02.2012 Bank
UBS n/a ULT-AGG 39'980'126 4.78 (2'257'895) 07.05.2012 Unclassified
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 17'558'695 2.1 (416'532) 28.01.2013 Investment Advisor
BORSHOFF JOHN n/a EXCH 15'877'394 1.9 - 29.01.2013 n/a
FMR LLC n/a ULT-AGG 14'406'619 1.72 273'415 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 12'137'901 1.45 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 8'621'660 1.03 219'813 31.12.2012 Investment Advisor
IG INVESTMENT MANAGE Multiple Portfolios MF-AGG 6'537'500 0.78 - 28.09.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 5'784'204 0.69 - 26.02.2013 Investment Advisor
CRABB RICK WAYNE n/a PROXY 5'181'528 0.62 300'000 15.11.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'004'702 0.48 (31'839) 30.09.2012 Mutual Fund Manager
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 3'887'793 0.46 - 25.02.2013 Investment Advisor
TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 3'757'200 0.45 913'037 31.12.2011 Investment Advisor
MANNING & NAPIER ADV Multiple Portfolios MF-AGG 2'564'930 0.31 463'070 31.12.2012 Investment Advisor
CI INVESTMENTS INC Multiple Portfolios MF-AGG 2'290'300 0.27 - 30.06.2012 Investment Advisor
NATIXIS INTERNATIONA Multiple Portfolios MF-AGG 2'238'906 0.27 - 31.12.2012 Investment Advisor
SWABY GILLIAN n/a SEDI 2'081'655 0.25 (755'000) 12.09.2011 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
BMO Capital Markets EDWARD STERCK market perform 3 M 1 Not Provided 26.02.2013
Haywood Securities Inc. COLIN HEALEY sector outperform 5 M 2 Not Provided 20.02.2013
Canaccord Genuity Corp OREST WOWKODAW suspended coverage #N/A N/A M #N/A N/A Not Provided 19.02.2013
Octa Phillip Securities Ltd ANDREW SHEARER buy 5 M 1 Not Provided 18.02.2013
Deutsche Bank PAUL-D YOUNG hold 3 M 1 12 month 15.02.2013
JPMorgan MARK BUSUTTIL neutral 3 M 2 9 month 15.02.2013
Raymond James DAVID SADOWSKI outperform 5 M 2 12 month 15.02.2013
Dundee Securities Corp DAVID A TALBOT buy 5 M 2 12 month 15.02.2013
Cormark Securities Inc. MIKE KOZAK speculative buy 4 M 2 12 month 15.02.2013
Commonwealth Bank ANDREW KNUCKEY underweight 1 M 1 12 month 15.02.2013
Morgan Stanley STEFAN HANSEN Equalwt/In-Line 3 M 1 12 month 14.02.2013
RBC Capital Markets ADAM SCHATZKER outperform 5 M 1 12 month 14.02.2013
Credit Suisse RALPH M PROFITI outperform 5 M 2 Not Provided 14.02.2013
CIBC World Markets MATTHEW GIBSON sector outperform 5 M 3 Not Provided 14.02.2013
Paterson Securities SIMON TONKIN hold 3 M 1 12 month 11.02.2013
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 23.01.2013
Macquarie MICHAEL BOGUSZ neutral 3 M 1 12 month 18.01.2013
Argonaut Securities Pty Ltd TROY IRVIN speculative buy 4 M 2 12 month 17.01.2013
Ambrian Partners Ltd ADAM KILEY hold 3 N 2 Not Provided 12.04.2012
Paradigm Capital Inc DAVID DAVIDSON hold 3 D 5 12 month 16.11.2010
Holdings By:
Paladin Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Southern Cross Media Group Limited operates broadcasting and publishing
businesses. The Company operates regional radio and television stations in
Australia, and publishes community newspapers in the United States.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 1.59
52-Week Low (25.09.2012) 0.98
Daily Volume
1.57
52-Week High % Change -0.95% Dividend Yield -
52-Week Low % Change 60.20% Beta 1.20
% 52 Week Price Range High/Low 93.33% Equity Float 604.04
Shares Out 31.12.2012 704.9 Short Int -
1'106.63 1 Yr Total Return 49.30%
Total Debt 707.02 YTD Return 49.52%
Preferred Stock 0.0 Adjusted BETA 1.200
Minority Interest 0.3 Analyst Recs 12
Cash and Equivalents 97.18 Consensus Rating 3.333
Enterprise Value 1'728.42
Average Volume 5 Day 4'787'756
SXL AT EQUITY YTD Change - Average Volume 30 Day 2'990'114
SXL AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'304'197
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
427.3 393.5 404.7 485.5 681.7 - - 645.6 667.8 - -
2.89x 2.37x 2.16x 3.65x 2.14x - - 2.63x 2.49x - -
115.7 126.1 89.3 142.9 221.2 - - 208.7 218.5 - -
10.68x 7.40x 9.77x 12.39x 6.58x - - 8.28x 7.91x - -
82.8 (84.6) (82.7) 64.1 95.0 - - 92.0 101.8 - -
7.52x 18.33x 26.62x 11.17x 8.90x - - 11.98x 10.90x - -
EBITDA 221.16 Long-Term Rating Date -
EBIT 190.64 Long-Term Rating -
Operating Margin 27.96% Long-Term Outlook -
Pretax Margin 18.52% Short-Term Rating Date -
Return on Assets 1.87% Short-Term Rating -
Return on Common Equity 2.96%
Return on Capital 3.26% EBITDA/Interest Exp. 3.08
Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. 2.79
Net Debt/EBITDA 3.07
Gross Margin - Total Debt/EBITDA 3.49
EBITDA Margin 31.2%
EBIT Margin 27.1% Total Debt/Equity 46.1%
Net Income Margin 13.9% Total Debt/Capital 31.5%
Asset Turnover 0.26
Current Ratio 1.08 Net Fixed Asset Turnover 3.73
Quick Ratio 1.03 Accounts receivable turnover-days 75.13
Debt to Assets 28.57% Inventory Days -
Tot Debt to Common Equity 46.09% Accounts Payable Turnover Day -
Accounts Receivable Turnover 4.87 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Southern Cross Media Group LtdPrice/Volume
Valuation Analysis
2'185'677.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
---.....//
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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2-&- 9
3-&- 9
4-&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MACQUARIE GROUP LTD n/a ULT-AGG 179'513'906 25.47 - 02.09.2011 Investment Advisor
ALLAN GRAY AUSTRALIA n/a EXCH 74'663'572 10.59 8'000'000 14.12.2012 Investment Advisor
JCP INVESTMENT PARTN n/a EXCH 60'634'528 8.6 13'726'623 30.11.2012 Investment Advisor
GOLDMAN SACHS GROUP n/a EXCH 35'499'490 5.04 - 07.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 35'142'604 4.99 (1'707'058) 15.07.2011 Bank
WESTPAC BANKING CORP n/a EXCH 34'689'536 4.92 (657'157) 06.09.2012 Bank
DIMENSIONAL FUND ADV n/a EXCH 34'170'459 4.85 (1'668'029) 27.07.2012 Investment Advisor
PARADICE INVESTMENT n/a EXCH 33'274'445 4.72 (782'636) 19.07.2011 Investment Advisor
NATL AUSTRALIA BANK n/a EXCH 32'360'171 4.59 (5'836'734) 11.02.2013 Bank
UBS n/a ULT-AGG 22'959'359 3.26 (12'845'800) 01.06.2012 Unclassified
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 14'618'416 2.07 (2'472) 31.01.2013 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 12'756'446 1.81 - 31.07.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 5'940'784 0.84 - 30.06.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'438'514 0.77 75'428 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'044'159 0.57 194'747 30.09.2012 Mutual Fund Manager
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 4'035'100 0.57 442'559 30.09.2012 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 2'172'309 0.31 567'000 28.01.2013 Investment Advisor
MOORE-WILTON MAX n/a Co File 1'857'143 0.26 - 30.06.2011 n/a
ALLIANCE BERNSTEIN n/a ULT-AGG 1'407'063 0.2 (72'197) 31.12.2012 Investment Advisor
CARAPIET MICHAEL n/a EXCH 1'347'900 0.19 - 26.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 22.02.2013
Morgan Stanley ANDREW MCLEOD Underwt/Cautious 1 M 1 12 month 21.02.2013
Macquarie ANDREW LEVY outperform 5 M 2 12 month 20.02.2013
Deutsche Bank JENNIFER KRUK hold 3 M 1 12 month 19.02.2013
Credit Suisse SAMANTHA CARLETON underperform 1 M 1 Not Provided 19.02.2013
JPMorgan JARROD MCDONALD neutral 3 U 1 9 month 19.02.2013
CIMB FRASER MCLEISH neutral 3 M 1 12 month 19.02.2013
Commonwealth Bank ALICE BENNETT overweight 5 M 2 12 month 19.02.2013
Holdings By:
Southern Cross Media Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
McMillan Shakespeare Limited provides salary packaging services. The Company
also offers services like procurement of motor vehicles, insurance, finance and
fuel and service maintenance programs.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 15.53
52-Week Low (27.02.2012) 9.37
Daily Volume
15.41
52-Week High % Change -0.77% Dividend Yield 3.18
52-Week Low % Change 64.46% Beta 0.97
% 52 Week Price Range High/Low 96.34% Equity Float 55.57
Shares Out 31.12.2012 74.5 Short Int -
1'148.41 1 Yr Total Return 67.32%
Total Debt 155.81 YTD Return 11.02%
Preferred Stock 0.0 Adjusted BETA 0.967
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 54.42 Consensus Rating 3.900
Enterprise Value 1'282.91
Average Volume 5 Day 557'816
MMS AT EQUITY YTD Change - Average Volume 30 Day 261'754
MMS AT EQUITY YTD % CHANGE - Average Volume 3 Month 255'134
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
65.8 76.0 118.8 230.5 253.0 - - 338.9 390.1 - -
2.25x 2.23x 3.73x 3.33x 3.88x - - 3.76x 3.28x - -
25.6 29.5 43.2 99.7 110.6 - - 148.9 172.6 - -
5.79x 5.73x 10.25x 7.69x 8.88x - - 8.62x 7.43x - -
17.4 20.5 45.0 43.5 54.3 - - 62.2 71.7 - -
9.55x 9.61x 7.05x 14.97x 15.43x - - 18.68x 16.32x - -
EBITDA 110.58 Long-Term Rating Date -
EBIT 38.75 Long-Term Rating -
Operating Margin 15.31% Long-Term Outlook -
Pretax Margin 30.57% Short-Term Rating Date -
Return on Assets 15.20% Short-Term Rating -
Return on Common Equity 37.38%
Return on Capital 20.40% EBITDA/Interest Exp. 10.65
Asset Turnover 0.70% (EBITDA-Capex)/Interest Exp. 10.47
Net Debt/EBITDA 1.11
Gross Margin - Total Debt/EBITDA 1.56
EBITDA Margin 44.6%
EBIT Margin 16.8% Total Debt/Equity 92.7%
Net Income Margin 21.5% Total Debt/Capital 48.1%
Asset Turnover 0.70
Current Ratio 1.26 Net Fixed Asset Turnover 29.61
Quick Ratio 0.94 Accounts receivable turnover-days 32.36
Debt to Assets 39.83% Inventory Days -
Tot Debt to Common Equity 92.72% Accounts Payable Turnover Day -
Accounts Receivable Turnover 11.31 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
McMillan Shakespeare LtdPrice/Volume
Valuation Analysis
381'886.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-/135
.-
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2--&--
3--&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PODESTA ANTHONY n/a Co File 7'235'000 9.71 - 06.09.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 6'650'528 8.92 (258'088) 10.09.2012 Bank
CHESSARI ROSS n/a EXCH 6'050'941 8.12 (174'122) 21.11.2012 n/a
ASIA PAC TECHNOLOGY n/a EXCH 4'093'025 5.49 (64'000) 17.09.2012 Corporation
WESTPAC BANKING CORP n/a EXCH 3'205'450 4.3 (200'751) 15.10.2010 Bank
KAY MICHAEL n/a EXCH 1'194'951 1.6 (219'573) 19.11.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 510'151 0.68 10'371 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 373'563 0.5 (51'833) 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 295'358 0.4 49'135 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 271'657 0.36 - 31.07.2012 Investment Advisor
KRUYT G n/a Co File 219'604 0.29 - 30.06.2012 n/a
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 135'885 0.18 - 31.10.2012 Unclassified
MCMAHON GRAEME n/a Co File 122'000 0.16 - 06.09.2012 n/a
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 96'592 0.13 - 31.01.2013 Investment Advisor
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 95'276 0.13 95'276 31.10.2012 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 79'411 0.11 79'411 31.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 75'934 0.1 - 25.02.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 54'481 0.07 - 25.02.2013 Investment Advisor
AMERICAN CENTURY COM Multiple Portfolios MF-AGG 38'415 0.05 998 31.12.2012 Investment Advisor
PITCHER RONALD GEORG n/a Co File 25'100 0.03 (80'000) 07.09.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Ord Minnett JAMES LENNON hold 3 U 14 Not Provided 22.02.2013
Goldman Sachs JIM GODSIL Buy/Neutral 5 M 16 12 month 19.02.2013
Credit Suisse PAUL BUYS neutral 3 D 16 Not Provided 19.02.2013
Nomura PAUL GRAHAM neutral 3 M 15 Not Provided 19.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
E.L. & C. Baillieu NICK CALEY hold 3 D 14 12 month 17.12.2012
Evans & Partners Pty Ltd GEORGE GABRIEL Positive 4 M #N/A N/A Not Provided 14.06.2012
Lonsec Ltd TOM BOURNE buy 5 M 12 Not Provided 06.03.2012
Bell Potter JUSTIN HILFORD Under Review #N/A N/A M #N/A N/A Not Provided 02.11.2011
Wilson HTM Investment Group SIMON FRITSCH buy 5 M 4 Not Provided 21.10.2008
Holdings By:
McMillan Shakespeare Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mermaid Marine Australia Limited provides diversified marine services. The
Company operates mainly in the Dampier and North West Shelf in Western Australia
and also in the Northern Territory. Mermaid operates crew vessel charters,
vessel manning, management and logistics along with operating supply base
facilities.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2013) 4.19
52-Week Low (12.07.2012) 2.54
Daily Volume
4.06
52-Week High % Change -3.10% Dividend Yield -
52-Week Low % Change 59.84% Beta 0.88
% 52 Week Price Range High/Low 95.09% Equity Float 207.75
Shares Out 31.12.2012 223.8 Short Int -
908.76 1 Yr Total Return 28.13%
Total Debt 158.13 YTD Return 19.06%
Preferred Stock 0.0 Adjusted BETA 0.880
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 55.28 Consensus Rating 3.714
Enterprise Value 1'017.06
Average Volume 5 Day 522'080
MRM AT EQUITY YTD Change - Average Volume 30 Day 610'802
MRM AT EQUITY YTD % CHANGE - Average Volume 3 Month 616'192
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
143.6 156.7 180.5 259.5 340.7 - - 427.1 467.2 - -
2.20x 2.53x 3.36x 2.95x 2.12x - - 2.38x 2.12x - -
39.1 45.1 65.5 87.1 106.7 - - 122.8 133.9 - -
8.09x 8.79x 9.25x 8.80x 6.76x - - 8.28x 7.59x - -
17.9 26.5 37.9 43.2 51.0 - - 60.9 67.6 - -
13.11x 12.62x 12.45x 15.13x 12.03x - - 14.98x 13.67x - -
EBITDA 106.74 Long-Term Rating Date -
EBIT 79.90 Long-Term Rating -
Operating Margin 23.45% Long-Term Outlook -
Pretax Margin 21.01% Short-Term Rating Date -
Return on Assets 10.29% Short-Term Rating -
Return on Common Equity 17.17%
Return on Capital - EBITDA/Interest Exp. 10.54
Asset Turnover 0.71% (EBITDA-Capex)/Interest Exp. 3.97
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 22.5% Total Debt/Equity 49.1%
Net Income Margin 15.0% Total Debt/Capital 32.9%
Asset Turnover 0.71
Current Ratio 1.87 Net Fixed Asset Turnover 1.04
Quick Ratio 1.66 Accounts receivable turnover-days 81.88
Debt to Assets 28.34% Inventory Days -
Tot Debt to Common Equity 49.14% Accounts Payable Turnover Day -
Accounts Receivable Turnover 4.47 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Mermaid Marine Australia LtdPrice/Volume
Valuation Analysis
723'278.00
Current Price (2/dd/yy) Market Data
-..//00112
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&2 9
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.&2 9
/&- 9
/&2 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 13'747'773 6.14 - 14.09.2012 Bank
ELEY GRIFFITHS GROUP n/a Co File 13'357'879 5.97 - 14.09.2012 Investment Advisor
BENNELONG FUNDS MANA n/a EXCH 11'358'590 5.07 - 18.12.2012 Investment Advisor
WESTPAC BANKING CORP n/a Co File 10'913'339 4.88 - 14.09.2012 Bank
INVESCO AUSTRALIA LT n/a Co File 9'476'445 4.23 - 02.10.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 6'026'838 2.69 - 30.06.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'182'709 0.98 63'217 31.12.2012 Investment Advisor
WEBER JEFFREY ANDREW n/a Co File 1'875'671 0.84 - 20.09.2012 n/a
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 1'709'000 0.76 - 31.12.2012 Investment Advisor
SAWTELL PTY LTD n/a EXCH 1'550'671 0.69 (285'000) 17.12.2012 Corporation
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'336'144 0.6 - 31.07.2012 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 1'163'195 0.52 1'163'195 31.10.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'127'188 0.5 (7'690) 30.09.2012 Mutual Fund Manager
UBS n/a ULT-AGG 902'021 0.4 (16'001'766) 10.09.2012 Unclassified
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 858'152 0.38 45'611 31.01.2013 Investment Advisor
HOWARTH ANTHONY JOHN n/a Co File 676'248 0.3 13'089 28.09.2012 n/a
AMCIL LTD Multiple Portfolios MF-AGG 620'000 0.28 - 29.06.2012 Investment Advisor
BRADLEY MARK FRANCIS n/a Co File 573'819 0.26 - 20.09.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 251'586 0.11 6'359 31.08.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 202'462 0.09 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Hartleys TRENT BARNETT neutral 3 M 4 12 month 25.02.2013
Octa Phillip Securities Ltd CAMERON BELL hold 3 M 4 Not Provided 25.02.2013
Argonaut Securities Pty Ltd IAN CHRISTIE hold 3 M 4 12 month 22.02.2013
Deutsche Bank WASSIM KISIRWANI hold 3 D 4 12 month 21.02.2013
Morgan Stanley DAVID EVANS Overwt/In-Line 5 M 4 12 month 21.02.2013
Credit Suisse PAUL BUYS outperform 5 M 4 Not Provided 21.02.2013
Macquarie ANDREW WACKETT neutral 3 D 4 12 month 21.02.2013
CIMB TIM PLUMBE neutral 3 M 4 12 month 21.02.2013
Paterson Securities MARCUS HAMILTON hold 3 M #N/A N/A Not Provided 21.02.2013
Moelis & Company ADAM S MICHELL buy 5 M 5 12 month 21.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 15.01.2013
RBS Morgans ALEXANDRA CLARKE outperform 5 N 4 12 month 27.11.2012
Holdings By:
Mermaid Marine Australia Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Transfield Services Limited provides a variety of operations and maintenance
outsourcing services in Australia and New Zealand, which cover structural,
mechanical, instrumentation, civil and electrical maintenance. The Group's
customers operate within the power, rail, oil and gas, petrochemical, defense,
water utility, telecommunication, and mineral processing sectors.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.03.2012) 2.59
52-Week Low (15.11.2012) 1.52
Daily Volume
1.85
52-Week High % Change -28.57% Dividend Yield 7.57
52-Week Low % Change 21.71% Beta 1.06
% 52 Week Price Range High/Low 28.04% Equity Float 438.92
Shares Out 09.10.2012 512.5 Short Int -
948.05 1 Yr Total Return -17.84%
Total Debt 575.96 YTD Return -5.13%
Preferred Stock 0.0 Adjusted BETA 1.057
Minority Interest 1.5 Analyst Recs 14
Cash and Equivalents 67.22 Consensus Rating 3.071
Enterprise Value 1'458.27
Average Volume 5 Day 3'542'543
TSE AT EQUITY YTD Change - Average Volume 30 Day 2'746'185
TSE AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'168'121
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'993.3 3'385.9 2'604.0 2'746.0 3'106.9 - - 3'827.7 3'921.6 - -
0.69x 0.39x 0.60x 0.77x 0.47x - - 0.39x 0.37x - -
127.8 143.0 115.0 161.3 140.4 - - 235.7 265.6 - -
16.08x 9.35x 13.61x 13.05x 10.39x - - 6.19x 5.49x - -
82.2 (55.0) 73.0 (19.7) 84.8 - - 85.7 107.2 - -
26.85x - 21.90x 38.07x 11.63x - - 10.95x 8.77x - -
EBITDA 140.37 Long-Term Rating Date -
EBIT 48.62 Long-Term Rating -
Operating Margin 1.56% Long-Term Outlook -
Pretax Margin 2.87% Short-Term Rating Date -
Return on Assets 3.64% Short-Term Rating -
Return on Common Equity 7.76%
Return on Capital 7.22% EBITDA/Interest Exp. 4.02
Asset Turnover 1.34% (EBITDA-Capex)/Interest Exp. -2.44
Net Debt/EBITDA 3.62
Gross Margin - Total Debt/EBITDA 4.10
EBITDA Margin 4.5%
EBIT Margin 1.6% Total Debt/Equity 54.3%
Net Income Margin 2.7% Total Debt/Capital 35.2%
Asset Turnover 1.34
Current Ratio 1.13 Net Fixed Asset Turnover 8.00
Quick Ratio 0.81 Accounts receivable turnover-days 60.54
Debt to Assets 24.14% Inventory Days -
Tot Debt to Common Equity 54.33% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.05 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Transfield Services LtdPrice/Volume
Valuation Analysis
5'337'978.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
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0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
TRANSFIELD PTY LTD n/a EXCH 45'291'003 8.84 (6'051'970) 04.01.2013 Corporation
JCP INVESTMENT PARTN n/a EXCH 42'752'735 8.34 4'874'028 25.09.2012 Investment Advisor
MONDRIAN INVESTMENT n/a EXCH 40'092'997 7.82 7'912'532 07.07.2011 Hedge Fund Manager
WESTPAC BANKING CORP #N/A N/A EXCH 31'061'417 6.06 (5'334'302) 25.02.2013 Bank
COMMONWEALTH BANK OF n/a EXCH 26'664'629 5.2 (132'751) 10.08.2012 Bank
SCHRODER INVESTMENT n/a EXCH 26'481'137 5.17 (7'681'683) 02.11.2011 Investment Advisor
ALLAN GRAY AUSTRALIA n/a EXCH 25'670'294 5.01 - 12.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 22'494'020 4.39 (3'433'897) 17.10.2012 Bank
MACQUARIE GROUP LTD n/a ULT-AGG 9'223'308 1.8 2'446'293 31.08.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'979'544 0.97 (3'625'356) 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 4'547'040 0.89 - 30.06.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'324'355 0.84 - 31.07.2012 Investment Advisor
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 3'594'604 0.7 9'176 31.10.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'529'255 0.69 230'257 30.09.2012 Mutual Fund Manager
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 2'438'790 0.48 - 31.12.2012 Investment Advisor
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 2'175'731 0.42 2'042'132 26.02.2013 Investment Advisor
BELGIORNO-NETTIS LUC n/a Co File 2'170'585 0.42 - 30.08.2012 n/a
MCKELVIE ROY n/a EXCH 1'800'000 0.35 - 26.10.2012 n/a
CREDIT SUISSE GROUP Multiple Portfolios MF-AGG 1'628'803 0.32 (36'693) 28.12.2012 Investment Advisor
SCHRODERS ASIA LIMIT Multiple Portfolios MF-AGG 1'119'461 0.22 - 31.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie CAMERON PIERCE neutral 3 M 2 12 month 27.02.2013
Octa Phillip Securities Ltd CONOR O'PREY hold 3 M 2 Not Provided 27.02.2013
Deutsche Bank CRAIG WONGPAN hold 3 M 2 12 month 26.02.2013
Morgan Stanley NICHOLAS ROBISON Equalwt/In-Line 3 M 2 12 month 26.02.2013
Goldman Sachs NATHAN REILLY neutral/attractive 3 M 2 12 month 26.02.2013
RBC Capital Markets HEATH ANDREWS sector perform 3 M 2 12 month 26.02.2013
Credit Suisse BRADLEY CLIBBORN neutral 3 M 2 Not Provided 26.02.2013
JPMorgan ANTHONY PASSE-DE SILVA neutral 3 M 2 9 month 26.02.2013
CIMB ANDREW HODGE neutral 3 M 2 12 month 26.02.2013
Nomura SIMON THACKRAY reduce 2 M 2 Not Provided 26.02.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Moelis & Company SIMON FITZGERALD buy 5 M 2 12 month 21.11.2012
Commonwealth Bank SAM TEEGER hold 3 M 2 12 month 21.05.2012
Holdings By:
Transfield Services Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Envestra Limited operates natural gas distribution networks and transmission
pipelines in South Australia, Queensland and the Northern Territory. The
Company's networks distribute gas to households and businesses in Adelaide,
Brisbane (north of Brisbane River), Alice Springs and various regional centers
in South Australia and Queensland.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 1.06
52-Week Low (19.03.2012) 0.76
Daily Volume
1.05
52-Week High % Change -0.94% Dividend Yield 5.62
52-Week Low % Change 38.16% Beta 0.75
% 52 Week Price Range High/Low 93.33% Equity Float 779.17
Shares Out 31.10.2012 1'603.3 Short Int -
1'683.50 1 Yr Total Return 46.18%
Total Debt 2'124.90 YTD Return 11.70%
Preferred Stock 0.0 Adjusted BETA 0.747
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 1.00 Consensus Rating 3.000
Enterprise Value 3'781.50
Average Volume 5 Day 1'581'135
ENV AT EQUITY YTD Change - Average Volume 30 Day 1'757'225
ENV AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'491'254
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
331.7 372.9 382.2 423.8 468.6 - - 511.5 539.1 - -
7.61x 6.81x 6.84x 7.00x 7.17x - - 7.60x 7.35x - -
225.8 273.0 265.4 298.9 339.0 - - 363.8 385.6 - -
11.17x 9.30x 9.85x 9.92x 9.91x - - 10.39x 9.81x - -
163.6 40.3 37.2 45.0 73.9 - - 103.2 117.9 - -
3.39x 12.76x 17.50x 21.56x 16.02x - - 16.41x 14.79x - -
EBITDA 339.00 Long-Term Rating Date 31.07.2006
EBIT 276.40 Long-Term Rating BBB-
Operating Margin 58.98% Long-Term Outlook POS
Pretax Margin 22.49% Short-Term Rating Date 31.07.2006
Return on Assets 3.08% Short-Term Rating A-3
Return on Common Equity 15.23%
Return on Capital 7.73% EBITDA/Interest Exp. 2.00
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. 0.96
Net Debt/EBITDA 5.79
Gross Margin - Total Debt/EBITDA 5.79
EBITDA Margin 72.8%
EBIT Margin 60.0% Total Debt/Equity 362.4%
Net Income Margin 15.8% Total Debt/Capital 78.4%
Asset Turnover 0.17
Current Ratio 0.31 Net Fixed Asset Turnover 0.21
Quick Ratio 0.29 Accounts receivable turnover-days 31.00
Debt to Assets 69.47% Inventory Days -
Tot Debt to Common Equity 362.36% Accounts Payable Turnover Day -
Accounts Receivable Turnover 11.81 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Envestra LtdPrice/Volume
Valuation Analysis
2'356'731.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
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.
.
.
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3&- 9
5&- 9
.-&- 9
./&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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0&--
1&--
2&--
3&--
4&--
5&--
6&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
APA GROUP n/a Co File 525'845'327 32.8 - 23.08.2012 Corporation
CHEUNG KONG INFRASTR n/a Co File 297'492'953 18.55 - 23.08.2012 Corporation
VANGUARD GROUP INC Multiple Portfolios MF-AGG 9'261'479 0.58 - 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'579'744 0.41 422'370 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 6'305'190 0.39 - 31.07.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 5'833'146 0.36 - 30.06.2011 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 3'844'972 0.24 - 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 1'975'679 0.12 425 25.02.2013 Investment Advisor
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 1'441'301 0.09 (7'533) 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 938'907 0.06 197'711 31.08.2011 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 551'186 0.03 - 28.12.2012 Unclassified
ALLPASS JOHN GEOFFRE n/a Co File 331'499 0.02 (31'530) 31.10.2012 n/a
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 267'782 0.02 - 31.10.2012 Investment Advisor
O'DUILL OLAF BRIAN n/a Co File 223'438 0.01 - 30.06.2012 n/a
WELLS FARGO n/a ULT-AGG 212'411 0.01 756 31.12.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 170'337 0.01 21'378 30.11.2012 Investment Advisor
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 145'297 0.01 - 30.09.2012 Investment Advisor
LITTLE IAN BRUCE n/a EXCH 142'877 0.01 4'012 24.08.2012 n/a
SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 133'019 0.01 - 31.12.2012 Investment Advisor
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 129'052 0.01 (59'611) 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse BENJAMIN MCVICAR underperform 1 M 1 Not Provided 26.02.2013
Macquarie IAN MYLES neutral 3 M 1 12 month 22.02.2013
Morgan Stanley PHILIP BARE Equalwt/In-Line 3 M 1 12 month 21.02.2013
Goldman Sachs ANDREW MCCUSKER neutral/neutral 3 M 1 12 month 21.02.2013
RBC Capital Markets PAUL A JOHNSTON sector perform 3 M 1 12 month 21.02.2013
JPMorgan JASON HARLEY STEED underweight 1 M 1 9 month 21.02.2013
CIMB MICHAEL NEWBOLD neutral 3 M 1 12 month 21.02.2013
Commonwealth Bank WILLIAM ALLOTT overweight 5 M 1 12 month 21.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 M #N/A N/A Not Provided 15.01.2013
E.L. & C. Baillieu MATHAN SOMASUNDARAM hold 3 M 1 12 month 10.12.2012
Paterson Securities GEORGE GALANOPOULOS hold 3 D 1 12 month 05.09.2012
Evans & Partners Pty Ltd TONY WILSON neutral 3 D #N/A N/A Not Provided 23.02.2012
Holdings By:
Envestra Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Medusa Mining Limited is a gold exploration and mining Company. The Company
has exploration projects located in Western Australia and the Philippines along
with mining leases in Tasmania.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (11.10.2012) 6.70
52-Week Low (21.02.2013) 3.89
Daily Volume
4.46
52-Week High % Change -33.43% Dividend Yield -
52-Week Low % Change 14.65% Beta 1.10
% 52 Week Price Range High/Low 20.28% Equity Float 175.06
Shares Out 30.06.2012 188.9 Short Int -
842.51 1 Yr Total Return -28.37%
Total Debt 0.00 YTD Return -17.86%
Preferred Stock 0.0 Adjusted BETA 1.097
Minority Interest 0.0 Analyst Recs 7
Cash and Equivalents 12.47 Consensus Rating 4.429
Enterprise Value 845.67
Average Volume 5 Day 1'246'381
MML AT EQUITY YTD Change - Average Volume 30 Day 915'519
MML AT EQUITY YTD % CHANGE - Average Volume 3 Month 763'406
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
15.8 42.6 93.9 148.7 80.8 - - 155.6 295.8 - -
9.93x 5.99x 6.25x 8.51x 11.40x - - 5.41x 2.39x - -
4.6 30.4 73.0 120.2 57.6 - - 121.0 238.8 - -
34.16x 8.41x 8.04x 10.54x 16.00x - - 6.99x 3.54x - -
(1.2) 28.5 65.8 110.4 49.2 - - 112.8 223.0 - -
- 8.88x 8.74x 12.02x 18.94x - - 7.07x 4.00x - -
EBITDA 57.59 Long-Term Rating Date -
EBIT 47.69 Long-Term Rating -
Operating Margin 59.02% Long-Term Outlook -
Pretax Margin 59.50% Short-Term Rating Date -
Return on Assets 16.13% Short-Term Rating -
Return on Common Equity 16.84%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.28% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin 74.3% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 56.7% Total Debt/Equity 0.0%
Net Income Margin 60.9% Total Debt/Capital 0.0%
Asset Turnover 0.28
Current Ratio 5.30 Net Fixed Asset Turnover 0.37
Quick Ratio 0.79 Accounts receivable turnover-days 194.22
Debt to Assets 0.00% Inventory Days 152.17
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 136.57
Accounts Receivable Turnover 1.88 Cash Conversion Cycle -
Inventory Turnover 2.41
Fiscal Year Ended
Medusa Mining LtdPrice/Volume
Valuation Analysis
1'754'573.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
4
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/&- 9
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0&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
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/-&--
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0-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VANGUARD GROUP INC Multiple Portfolios MF-AGG 26'888'360 14.23 9'270 31.12.2012 Investment Advisor
M&G INVESTMENT MANAG n/a EXCH 24'334'900 12.88 (215'100) 18.02.2013 Investment Advisor
FMR LLC n/a ULT-AGG 22'620'056 11.97 (2'575'499) 30.09.2012 Investment Advisor
VAN ECK ASSOCIATES C n/a EXCH 15'309'037 8.1 1'902'381 11.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 14'811'521 7.84 (135'042) 25.02.2013 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 13'057'967 6.91 - 25.02.2013 Investment Advisor
Rex Harbour & Associ n/a EXCH 6'647'146 3.52 (4'714'520) 24.03.2011 Unclassified
DAVIS GEOFFREY JOHN n/a Co File 4'052'750 2.15 - 29.08.2012 n/a
FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 2'613'520 1.38 - 30.09.2012 Hedge Fund Manager
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 2'501'728 1.32 (424) 31.01.2013 Mutual Fund Manager
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 2'000'000 1.06 - 30.12.2012 Investment Advisor
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 1'750'000 0.93 - 31.10.2012 Investment Advisor
ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 1'711'800 0.91 (1'522'185) 31.12.2012 Investment Advisor
OLD MUTUAL n/a ULT-AGG 1'471'907 0.78 13'532 31.12.2012 Unclassified
AFDAL SAMUEL G n/a Co File 1'450'000 0.77 - 30.06.2012 n/a
DANIEL ROY PHILIP n/a Co File 1'425'000 0.75 - 30.06.2012 n/a
BANQUE DE LUXEMBOURG Multiple Portfolios MF-AGG 1'350'000 0.71 - 31.12.2012 Investment Advisor
SPROTT INC Multiple Portfolios MF-AGG 1'348'102 0.71 - 30.06.2011 Hedge Fund Manager
QUANTEX AG Multiple Portfolios MF-AGG 1'280'000 0.68 - 31.01.2013 Investment Advisor
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 1'240'341 0.66 - 31.10.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY buy/attractive 5 M 5 12 month 26.02.2013
RBC Capital Markets STEUART MCINTYRE outperform 5 M 8 12 month 31.01.2013
Deutsche Bank CHRIS TERRY buy 5 M 6 12 month 30.01.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/Attractive 5 M 8 12 month 30.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Medusa Mining Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Charter Hall Group invests in and develops real estate. The Company manages
real estate investment funds and develops commercial, residential, and
industrial properties.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.02.2013) 3.72
52-Week Low (27.02.2012) 2.06
Daily Volume
3.7
52-Week High % Change -0.54% Dividend Yield 4.92
52-Week Low % Change 79.61% Beta 0.78
% 52 Week Price Range High/Low 91.57% Equity Float 240.61
Shares Out 09.01.2013 298.9 Short Int -
1'105.78 1 Yr Total Return 90.73%
Total Debt 51.46 YTD Return 13.15%
Preferred Stock 0.0 Adjusted BETA 0.778
Minority Interest 27.4 Analyst Recs 9
Cash and Equivalents 39.32 Consensus Rating 3.667
Enterprise Value 1'145.38
Average Volume 5 Day 526'053
CHC AT EQUITY YTD Change - Average Volume 30 Day 528'404
CHC AT EQUITY YTD % CHANGE - Average Volume 3 Month 703'403
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
91.1 61.2 68.3 109.6 123.6 - - 134.3 143.3 - -
7.48x 6.13x 11.88x 6.75x 5.76x - - 8.49x 7.86x - -
60.4 36.4 21.2 34.1 41.7 - - 73.2 79.2 - -
11.29x 10.31x 38.29x 21.67x 17.07x - - 15.64x 14.45x - -
67.5 (82.2) 6.8 52.3 16.7 - - 69.4 75.1 - -
6.47x - 18.63x 12.04x 40.25x - - 15.88x 15.04x - -
EBITDA 41.71 Long-Term Rating Date -
EBIT 40.99 Long-Term Rating -
Operating Margin 26.57% Long-Term Outlook -
Pretax Margin 11.30% Short-Term Rating Date -
Return on Assets 1.82% Short-Term Rating -
Return on Common Equity 2.26%
Return on Capital 1.70% EBITDA/Interest Exp. 5.12
Asset Turnover 0.13% (EBITDA-Capex)/Interest Exp. 5.04
Net Debt/EBITDA 0.29
Gross Margin - Total Debt/EBITDA 1.23
EBITDA Margin 33.8%
EBIT Margin - Total Debt/Equity 7.1%
Net Income Margin 13.5% Total Debt/Capital 6.4%
Asset Turnover 0.13
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 5.86% Inventory Days -
Tot Debt to Common Equity 7.06% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Charter Hall GroupPrice/Volume
Valuation Analysis
740'210.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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.
/
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0
0
1
1
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/&2 9
0&- 9
0&2 9
1&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GANDEL GROUP PTY LTD n/a EXCH 52'661'948 17.62 699'998 05.11.2012 Corporation
MACQUARIE GROUP LTD n/a ULT-AGG 34'151'391 11.43 - 01.05.2012 Investment Advisor
COMMONWEALTH BANK OF #N/A N/A EXCH 29'132'184 9.75 (4'510'390) 20.02.2013 Bank
UBS n/a ULT-AGG 15'415'697 5.16 - 23.12.2011 Unclassified
WESTPAC BANKING CORP n/a EXCH 15'172'671 5.08 - 11.01.2013 Bank
AMP LTD n/a EXCH 14'997'620 5.02 (1'587'338) 17.12.2012 Insurance Company
VANGUARD GROUP INC n/a EXCH 14'412'363 4.82 (1'005'779) 14.11.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 9'329'179 3.12 (443'968) 30.09.2012 Mutual Fund Manager
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 7'855'595 2.63 (729'405) 08.05.2012 Investment Advisor
SOUTHON DAVID n/a EXCH 1'880'612 0.63 - 23.11.2012 n/a
NIKKO ASSET MANAGEME n/a ULT-AGG 1'844'373 0.62 (609'765) 01.02.2013 Unclassified
PORTMIST PTY LTD n/a EXCH 1'841'773 0.62 - 23.11.2012 Unclassified
INVESCO LTD Multiple Portfolios MF-AGG 1'602'657 0.54 634'810 31.12.2012 Investment Advisor
FUCHS CEDRIC n/a EXCH 1'388'843 0.46 - 24.11.2011 n/a
FMR LLC n/a ULT-AGG 1'272'365 0.43 - 31.12.2012 Investment Advisor
JANUS CAPITAL MANAGE n/a ULT-AGG 1'069'623 0.36 (26'680) 31.12.2012 Investment Advisor
DIAM n/a ULT-AGG 971'649 0.33 - 20.01.2012 Unclassified
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 718'761 0.24 (112'512) 31.12.2012 Investment Advisor
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 674'213 0.23 - 31.12.2012 Investment Advisor
MITSUBISHI UFJ FINAN n/a ULT-AGG 635'422 0.21 - 05.07.2012 Holding Company
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie ROB FREEMAN outperform 5 M 4 12 month 27.02.2013
Deutsche Bank JASON WEATE sell 1 M 3 12 month 26.02.2013
Goldman Sachs SIMON WHEATLEY neutral/neutral 3 M 4 12 month 26.02.2013
JPMorgan ROB STANTON overweight 5 U 4 9 month 26.02.2013
Holdings By:
Charter Hall Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Silver Lake Resources Limited is a mineral exploration company. The Company is
focused on gold exploration in Western Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (10.10.2012) 3.96
52-Week Low (17.05.2012) 2.02
Daily Volume
2.2
52-Week High % Change -44.44% Dividend Yield 0.00
52-Week Low % Change 8.91% Beta 1.03
% 52 Week Price Range High/Low 10.82% Equity Float 320.36
Shares Out 16.01.2013 379.0 Short Int -
833.91 1 Yr Total Return -39.23%
Total Debt 11.76 YTD Return -33.73%
Preferred Stock 0.0 Adjusted BETA 1.030
Minority Interest 0.0 Analyst Recs 11
Cash and Equivalents 68.25 Consensus Rating 4.455
Enterprise Value 777.42
Average Volume 5 Day 3'339'216
SLR AT EQUITY YTD Change - Average Volume 30 Day 3'018'730
SLR AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'183'896
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2.9 58.1 69.1 90.0 135.3 - - 310.7 628.7 - -
15.88x 1.55x 4.12x 3.80x 4.16x - - 2.48x 0.99x - -
(3.8) 18.5 23.6 33.1 57.0 - - 141.6 355.9 - -
- 4.87x 12.06x 10.33x 9.87x - - 5.49x 2.18x - -
(3.7) 10.7 11.8 15.8 31.2 - - 75.1 201.0 - -
- 9.94x 25.51x 22.65x 18.38x - - 8.49x 3.89x - -
EBITDA 56.99 Long-Term Rating Date -
EBIT 42.56 Long-Term Rating -
Operating Margin 31.45% Long-Term Outlook -
Pretax Margin 32.95% Short-Term Rating Date -
Return on Assets 15.33% Short-Term Rating -
Return on Common Equity 21.85%
Return on Capital 20.98% EBITDA/Interest Exp. 1389.90
Asset Turnover 0.67% (EBITDA-Capex)/Interest Exp. -565.37
Net Debt/EBITDA -
Gross Margin 36.2% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 31.4% Total Debt/Equity 6.1%
Net Income Margin 23.0% Total Debt/Capital 5.7%
Asset Turnover 0.67
Current Ratio 2.29 Net Fixed Asset Turnover 1.41
Quick Ratio 1.64 Accounts receivable turnover-days -
Debt to Assets 4.22% Inventory Days 82.33
Tot Debt to Common Equity 6.06% Accounts Payable Turnover Day 99.22
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover 4.45
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Silver Lake Resources LtdPrice/Volume
Valuation Analysis
3'796'811.00
Current Price (2/dd/yy) Market Data
-..//00112
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0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
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/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
THE BANK OF NOVA SCO n/a EXCH 22'122'577 5.84 2'270'380 21.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 19'132'797 5.05 6'214'993 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 14'380'240 3.79 2'271'263 17.10.2012 Investment Advisor
SPROTT ASSET MANAGEM n/a EXCH 13'372'101 3.53 (16'400) 14.01.2013 Investment Advisor
GCIC LTD/CANADA Multiple Portfolios MF-AGG 13'057'225 3.44 1'921'600 31.08.2012 Investment Advisor
REGAL FUNDS MANAGEME n/a EXCH 10'985'238 2.9 (2'994'395) 30.01.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 10'832'981 2.86 (481'126) 28.12.2012 Bank
UBS n/a ULT-AGG 10'324'049 2.72 (1'376'223) 10.09.2012 Unclassified
EYE MANAGEMENT PTY L n/a EXCH 8'000'000 2.11 (2'000'000) 09.08.2011 Other
SPROTT INC Multiple Portfolios MF-AGG 7'318'900 1.93 - 30.06.2011 Hedge Fund Manager
FRANKLIN RESOURCES n/a ULT-AGG 6'556'200 1.73 48'000 31.12.2012 Investment Advisor
CF RUFFER BAKER STEE n/a EXCH 5'760'000 1.52 (2'131'395) 18.03.2011 n/a
CHAPMAN PAUL IAN n/a Co File 4'746'908 1.25 - 31.08.2012 n/a
JOHNSTON PETER B n/a Co File 4'318'253 1.14 - 31.08.2012 n/a
DAVIS LES n/a Co File 4'200'000 1.11 - 31.08.2012 n/a
GRIFFITHS DAVID n/a Co File 4'158'377 1.1 - 31.08.2012 n/a
KENNEDY BRIAN n/a Co File 4'075'452 1.08 - 31.08.2012 n/a
BANASIK CHRISTOPHER n/a Co File 4'000'000 1.06 - 31.08.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'616'539 0.95 877'056 31.12.2012 Investment Advisor
GAMCO n/a ULT-AGG 2'779'500 0.73 - 28.09.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
BBY Limited KURT WORDEN strong buy 5 M 6 12 month 22.02.2013
EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 20.02.2013
RBC Capital Markets STEUART MCINTYRE outperform 5 M 4 12 month 18.02.2013
Macquarie MITCH RYAN outperform 5 N 3 12 month 07.02.2013
Hartleys MIKE MILLIKAN buy 5 M 4 12 month 05.02.2013
Deutsche Bank CHRIS TERRY buy 5 N 3 12 month 04.02.2013
Canaccord Genuity Corp LUKE SMITH sell 1 M 2 12 month 01.02.2013
Paterson Securities TIM MCCORMACK buy 5 M 4 12 month 31.01.2013
Argonaut Securities Pty Ltd ADAM MIETHKE buy 5 M 4 12 month 31.01.2013
JPMorgan JOSEPH KIM neutral 3 D 3 9 month 30.01.2013
Casimir Capital ERIC ALLISON overweight 5 M 5 12 month 09.12.2012
Holdings By:
Silver Lake Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Australand Property Group is a diversified property group in Australia with
activities that include development of residential land, housing and apartments
and development of and investment in income producing commercial and industrial
properties.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (06.02.2013) 3.53
52-Week Low (05.06.2012) 2.19
Daily Volume
3.43
52-Week High % Change -2.70% Dividend Yield 6.27
52-Week Low % Change 56.62% Beta 0.80
% 52 Week Price Range High/Low 93.63% Equity Float 226.07
Shares Out 31.12.2012 576.8 Short Int -
1'978.58 1 Yr Total Return 39.23%
Total Debt 1'352.89 YTD Return 0.88%
Preferred Stock 0.0 Adjusted BETA 0.799
Minority Interest 268.7 Analyst Recs 11
Cash and Equivalents 76.06 Consensus Rating 3.364
Enterprise Value 3'524.07
Average Volume 5 Day 495'195
ALZ AT EQUITY YTD Change - Average Volume 30 Day 829'489
ALZ AT EQUITY YTD % CHANGE - Average Volume 3 Month 877'268
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
792.8 640.5 697.8 631.3 861.7 - - 1'082.4 1'088.4 - -
3.12x 4.68x 4.32x 4.66x 4.07x - - 3.28x 3.29x - -
212.6 172.1 172.3 154.2 176.8 - - 269.3 276.7 - -
11.62x 17.43x 17.51x 19.08x 19.83x - - 13.08x 12.74x - -
40.2 (298.2) 165.8 140.6 180.0 - - 149.0 154.9 - -
9.44x - 10.14x 9.84x 10.90x - - 13.19x 12.75x - -
EBITDA 176.85 Long-Term Rating Date -
EBIT 168.72 Long-Term Rating -
Operating Margin 19.58% Long-Term Outlook -
Pretax Margin 26.36% Short-Term Rating Date -
Return on Assets 4.53% Short-Term Rating -
Return on Common Equity 8.97%
Return on Capital 7.19% EBITDA/Interest Exp. 1.79
Asset Turnover 0.22% (EBITDA-Capex)/Interest Exp. -0.03
Net Debt/EBITDA 7.22
Gross Margin 37.2% Total Debt/EBITDA 7.65
EBITDA Margin 20.5%
EBIT Margin 19.6% Total Debt/Equity 67.1%
Net Income Margin 20.9% Total Debt/Capital 37.2%
Asset Turnover 0.22
Current Ratio 1.91 Net Fixed Asset Turnover 0.38
Quick Ratio 0.64 Accounts receivable turnover-days 40.83
Debt to Assets 33.96% Inventory Days 230.67
Tot Debt to Common Equity 67.14% Accounts Payable Turnover Day 58.47
Accounts Receivable Turnover 8.96 Cash Conversion Cycle 213.03
Inventory Turnover 1.59
Fiscal Year Ended
Australand Property GroupPrice/Volume
Valuation Analysis
423'784.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
1
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1&- 9
2&- 9
3&- 9
4&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
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/-&--
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-.&-.&/-.- -.&-4&/-.- -.&-.&/-.. -.&-4&/-.. -.&-.&/-./ -.&-4&/-./ -.&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITALAND LIMITED n/a Co File 341'885'375 59.27 - 16.02.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 9'802'361 1.7 291'840 30.09.2012 Mutual Fund Manager
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 3'943'087 0.68 (2'286'913) 08.05.2012 Investment Advisor
AMP LTD n/a Co File 2'996'147 0.52 - 16.02.2012 Insurance Company
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'979'478 0.52 31'482 31.12.2012 Investment Advisor
PRINCIPAL FINANCIAL n/a ULT-AGG 2'595'761 0.45 163'212 31.01.2013 Investment Advisor
EQUITY TRUSTEES LTD n/a Co File 2'268'521 0.39 - 16.02.2012 Investment Advisor
CENTRAL DEPOSITORY P n/a Co File 2'162'315 0.37 - 16.02.2011 Corporation
MACQUARIE GROUP LTD n/a ULT-AGG 1'707'282 0.3 (769'994) 31.08.2011 Investment Advisor
ASIA UNION INVESTMEN n/a Co File 1'500'000 0.26 - 16.02.2012 Corporation
QUEENSLAND INVESTMEN n/a Co File 1'145'176 0.2 - 16.02.2012 Investment Advisor
BOND STREET CUSTODIA n/a Co File 1'106'335 0.19 - 16.02.2012 Other
BRAZIL FARMING PTY L n/a Co File 1'050'000 0.18 - 16.02.2012 Corporation
DIAM n/a ULT-AGG 990'650 0.17 - 14.11.2011 Unclassified
PRUDENTIAL FINANCIAL n/a ULT-AGG 989'600 0.17 73'500 31.12.2012 Investment Advisor
MILTON CORP LTD n/a Co File 832'732 0.14 - 16.02.2012 Investment Advisor
DIVERSIFIED UNITED I n/a Co File 790'000 0.14 - 16.02.2012 Unclassified
WILMAR ENTERPRISES P n/a Co File 714'000 0.12 - 16.02.2012 Other
MITSUBISHI UFJ FINAN n/a ULT-AGG 641'000 0.11 - 05.07.2012 Holding Company
METROPOLITAN COLLECT Multiple Portfolios MF-AGG 619'209 0.11 (175'072) 30.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse JOHN RICHMOND neutral 3 M 3 Not Provided 26.02.2013
Commonwealth Bank JAMES DRUCE neutral 3 M 4 12 month 26.02.2013
Macquarie PAUL CHECCHIN neutral 3 M 4 12 month 13.02.2013
Deutsche Bank JASON WEATE hold 3 D 3 12 month 07.02.2013
Goldman Sachs PETER ZUK neutral/neutral 3 M 3 12 month 07.02.2013
JPMorgan RICHARD JONES underweight 1 M 3 9 month 07.02.2013
Morgan Stanley TODD MCFARLANE restricted #N/A N/A M #N/A N/A Not Provided 10.12.2012
Moelis & Company RYAN FRANZ hold 3 D 3 12 month 06.11.2012
Holdings By:
Australand Property Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Iress Limited provides real-time information services to businesses that
specialize in the equity, equity options and future information markets in
Australia and New Zealand. The Group supplies a range of pricing data,
charting, news and equity and equity derivatives and also offers real-time
trading tools, including a domestic order routing product and financial
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (03.01.2013) 8.78
52-Week Low (30.05.2012) 5.93
Daily Volume
7.99
52-Week High % Change -9.00% Dividend Yield 4.76
52-Week Low % Change 34.74% Beta 0.77
% 52 Week Price Range High/Low 72.98% Equity Float 100.07
Shares Out 31.12.2012 128.6 Short Int -
1'027.68 1 Yr Total Return 19.90%
Total Debt 0.00 YTD Return -3.03%
Preferred Stock 0.0 Adjusted BETA 0.770
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 55.97 Consensus Rating 2.778
Enterprise Value 971.71
Average Volume 5 Day 443'923
IRE AT EQUITY YTD Change - Average Volume 30 Day 346'736
IRE AT EQUITY YTD % CHANGE - Average Volume 3 Month 295'494
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
163.9 169.8 179.6 204.8 207.5 - - 212.4 224.8 - -
3.55x 5.83x 5.57x 4.06x 4.84x - - 4.58x 4.30x - -
70.5 73.0 79.8 81.7 74.9 - - 72.0 79.4 - -
8.25x 13.57x 12.54x 10.17x 13.40x - - 13.51x 12.24x - -
35.6 42.8 50.5 41.3 39.2 - - 47.2 52.6 - -
17.39x 24.70x 21.64x 21.23x 26.89x - - 21.25x 19.35x - -
EBITDA 74.85 Long-Term Rating Date -
EBIT 55.83 Long-Term Rating -
Operating Margin 26.91% Long-Term Outlook -
Pretax Margin 27.40% Short-Term Rating Date -
Return on Assets 24.02% Short-Term Rating -
Return on Common Equity 30.80%
Return on Capital 30.95% EBITDA/Interest Exp. 284.61
Asset Turnover 1.27% (EBITDA-Capex)/Interest Exp. 262.34
Net Debt/EBITDA -0.75
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin 36.1%
EBIT Margin 26.9% Total Debt/Equity 0.0%
Net Income Margin 18.9% Total Debt/Capital 0.0%
Asset Turnover 1.27
Current Ratio 3.29 Net Fixed Asset Turnover 28.54
Quick Ratio 3.12 Accounts receivable turnover-days 21.38
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 17.12 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Iress LtdPrice/Volume
Valuation Analysis
303'177.00
Current Price (2/dd/yy) Market Data
-./0123456
.-
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&5 9
.&- 9
.&/ 9
.&1 9
.&3 9
0.0
50.0
100.0
150.0
200.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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3&--
5&--
.-&--
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.5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ASX LTD n/a Co File 23'750'001 18.47 - 31.01.2012 Corporation
HYPERION ASSET MANAG n/a Co File 15'349'992 11.93 - 31.01.2012 Investment Advisor
VINVA INVESTMENT MGM n/a EXCH 7'792'068 6.06 1'295'456 17.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 6'703'372 5.21 - 25.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 6'300'449 4.9 (923'323) 06.07.2012 Bank
AUSTRALIA & NEW ZEAL n/a EXCH 6'287'640 4.89 (46'894) 03.05.2011 Bank
NORTHCAPE CAPITAL PT n/a EXCH 6'130'261 4.77 (344'647) 13.01.2011 Other
ABERDEEN n/a ULT-AGG 3'823'421 2.97 - 31.01.2013 Unclassified
AUSTRALIAN FOUNDATIO n/a Co File 1'655'291 1.29 - 31.01.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'211'506 0.94 9'063 31.12.2012 Investment Advisor
MIRRABOOKA INVESTMEN n/a Co File 1'070'000 0.83 - 31.01.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 936'803 0.73 102'896 26.02.2013 Investment Advisor
DUNAI PETER n/a EXCH 900'000 0.7 10'000 04.05.2012 n/a
ARGO INVESTMENTS LTD n/a Co File 791'884 0.62 - 31.01.2012 Investment Advisor
NAVIGATOR AUSTRALIA n/a Co File 733'521 0.57 - 31.01.2012 Corporation
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 663'815 0.52 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 521'265 0.41 (211'807) 30.09.2012 Mutual Fund Manager
AMP LIFE LTD n/a Co File 412'635 0.32 - 31.01.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 319'876 0.25 16'204 31.12.2012 Investment Advisor
HYPERION ASSET MANAG Multiple Portfolios MF-AGG 216'000 0.17 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank DOMINIC ROSE hold 3 M 8 12 month 20.02.2013
Goldman Sachs MIKE YOUNGER neutral/neutral 3 M 8 12 month 20.02.2013
Credit Suisse DAVID BAILEY underperform 1 M 7 Not Provided 20.02.2013
JPMorgan ISMAR TUZOVIC neutral 3 M 7 3 month 20.02.2013
Macquarie JODIE BANNAN underperform 1 M 7 12 month 20.02.2013
Commonwealth Bank NAVEEN PATNEY overweight 5 M 8 12 month 20.02.2013
EVA Dimensions ANDREW S ZAMFOTIS hold 3 M #N/A N/A Not Provided 15.01.2013
Moelis & Company ADAM S MICHELL hold 3 M 8 12 month 20.12.2012
Holdings By:
Iress Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Boart Longyear Ltd provides contract drilling services to the mining,
environmental and infrastructure, and energy industries, and manufactures
drilling, coring, grinding tools and equipment, and wear components.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (20.03.2012) 4.41
52-Week Low (05.09.2012) 1.09
Daily Volume
1.725
52-Week High % Change -60.88% Dividend Yield -
52-Week Low % Change 57.89% Beta 1.73
% 52 Week Price Range High/Low 19.52% Equity Float 459.65
Shares Out 30.06.2012 461.2 Short Int -
795.51 1 Yr Total Return -56.36%
Total Debt 601.92 YTD Return -8.00%
Preferred Stock 0.0 Adjusted BETA 1.729
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 123.63 Consensus Rating 2.875
Enterprise Value 1'288.56
Average Volume 5 Day 4'397'053
BLY AT EQUITY YTD Change - Average Volume 30 Day 5'800'059
BLY AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'487'511
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
1'838.5 978.2 1'475.9 2'020.3 2'011.5 - - 1'727.8 1'807.6 - -
0.53x 0.20x 1.55x 0.76x 0.68x - - 0.67x 0.59x - -
376.3 127.3 233.4 356.5 - - - 259.3 286.8 - -
2.59x 1.53x 9.78x 4.29x - - - 4.97x 4.49x - -
156.7 (14.9) 84.5 159.9 68.2 - - 75.8 95.5 - -
1.36x - 25.22x 8.12x 12.98x - - 10.91x 8.37x - -
EBITDA - Long-Term Rating Date 15.03.2011
EBIT 123.75 Long-Term Rating BB-
Operating Margin 6.15% Long-Term Outlook STABLE
Pretax Margin 4.97% Short-Term Rating Date -
Return on Assets 3.25% Short-Term Rating -
Return on Common Equity 6.01%
Return on Capital 5.57% EBITDA/Interest Exp. -
Asset Turnover 0.96% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin 25.5% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 6.2% Total Debt/Equity 53.0%
Net Income Margin 3.4% Total Debt/Capital 34.6%
Asset Turnover 0.96
Current Ratio 2.39 Net Fixed Asset Turnover 3.54
Quick Ratio 0.92 Accounts receivable turnover-days 52.88
Debt to Assets 26.74% Inventory Days 114.04
Tot Debt to Common Equity 53.01% Accounts Payable Turnover Day 67.37
Accounts Receivable Turnover 6.92 Cash Conversion Cycle 99.55
Inventory Turnover 3.21
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Boart Longyear LtdPrice/Volume
Valuation Analysis
3'625'651.00
Current Price (2/dd/yy) Market Data
-..//00112
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0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PARADICE INVESTMENT #N/A N/A EXCH 38'917'688 8.44 4'793'038 20.02.2013 Investment Advisor
UBS n/a ULT-AGG 25'165'838 5.46 (5'198'333) 30.09.2012 Unclassified
L1 CAPITAL PTY LTD n/a EXCH 25'037'154 5.43 (2'474'404) 18.02.2013 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 23'851'764 5.17 359'711 22.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 23'843'641 5.17 (49'554) 25.02.2013 Investment Advisor
AMP LIFE LTD n/a EXCH 22'821'822 4.95 (1'217'754) 28.02.2012 Investment Advisor
FMR LLC n/a ULT-AGG 22'369'710 4.85 (2'196'446) 30.06.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 21'006'197 4.56 (5'017'342) 02.08.2012 Bank
INVESCO AUSTRALIA LT n/a EXCH 16'621'379 3.6 (8'015'626) 05.01.2011 Investment Advisor
BEUTEL GOODMAN & COM Multiple Portfolios MF-AGG 15'168'812 3.29 (187'700) 31.12.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 13'269'100 2.88 3'764'703 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'831'006 1.05 49'863 31.12.2012 Investment Advisor
COOPERATORS INVEST C Multiple Portfolios MF-AGG 3'794'500 0.82 2'512'100 30.11.2012 Investment Advisor
TRIMARK INVESTMENT M Multiple Portfolios MF-AGG 3'600'000 0.78 - 30.09.2012 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 3'446'895 0.75 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'352'890 0.73 938'778 30.09.2012 Mutual Fund Manager
PRUDENTIAL FINANCIAL n/a ULT-AGG 3'219'375 0.7 - 31.12.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 2'395'000 0.52 - 31.12.2012 Investment Advisor
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'282'583 0.49 1'233'096 30.09.2011 Mutual Fund Manager
NORTHWEST MUTUAL FUN Multiple Portfolios MF-AGG 2'097'800 0.45 500'300 30.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 26.02.2013
Macquarie RIKKI BANNAN neutral 3 U 2 12 month 19.02.2013
Octa Phillip Securities Ltd CAMERON BELL hold 3 M 2 Not Provided 19.02.2013
Deutsche Bank CRAIG WONGPAN hold 3 M 2 12 month 18.02.2013
Goldman Sachs NATHAN REILLY neutral/attractive 3 M 2 12 month 18.02.2013
Credit Suisse EMMA ALCOCK neutral 3 M 2 Not Provided 18.02.2013
JPMorgan ANTHONY PASSE-DE SILVA underweight 1 M 2 9 month 18.02.2013
CIMB ANDREW HODGE neutral 3 U 2 12 month 18.02.2013
BBY Limited MOIRA EILEEN DAW underperform 1 M 2 12 month 18.02.2013
Nomura RICHARD J JOHNSON neutral 3 M 2 Not Provided 18.02.2013
Paterson Securities DAVID GIBSON buy 5 M 2 12 month 20.11.2012
Moelis & Company SIMON FITZGERALD hold 3 D 2 12 month 31.08.2012
Holdings By:
Boart Longyear Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Ausdrill Limited provides specialist drilling services. The Company operates
drill, blast, and exploration rigs and its services include contract drilling
and blasting, exploration drilling, ground support, contract open pit mining and
earthmoving, mining equipment supplies, and logistics management. The Group
also provides trenching, cable and pipeline rollout services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (03.04.2012) 4.34
52-Week Low (29.11.2012) 1.98
Daily Volume
3.03
52-Week High % Change -30.18% Dividend Yield 4.79
52-Week Low % Change 53.03% Beta 1.21
% 52 Week Price Range High/Low 44.92% Equity Float 254.39
Shares Out 31.12.2012 309.5 Short Int -
937.64 1 Yr Total Return -16.93%
Total Debt 363.94 YTD Return 7.07%
Preferred Stock 0.0 Adjusted BETA 1.207
Minority Interest (1.1) Analyst Recs 17
Cash and Equivalents 124.19 Consensus Rating 3.882
Enterprise Value 1'176.33
Average Volume 5 Day 2'095'787
ASL AT EQUITY YTD Change - Average Volume 30 Day 1'564'343
ASL AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'642'238
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
387.1 505.5 631.0 834.6 1'059.1 - - 1'255.0 1'381.1 - -
1.26x 0.64x 0.84x 1.30x 1.21x - - 1.07x 0.93x - -
82.2 99.3 149.2 195.1 265.9 - - 326.8 370.0 - -
5.91x 3.27x 3.56x 5.54x 4.81x - - 3.60x 3.18x - -
35.3 40.2 48.3 73.4 112.9 - - 122.0 140.1 - -
11.22x 3.90x 6.90x 12.20x 9.17x - - 7.69x 6.73x - -
EBITDA 265.93 Long-Term Rating Date 22.10.2012
EBIT 149.79 Long-Term Rating BB
Operating Margin 14.14% Long-Term Outlook STABLE
Pretax Margin 14.40% Short-Term Rating Date -
Return on Assets 9.36% Short-Term Rating -
Return on Common Equity 16.18%
Return on Capital 13.02% EBITDA/Interest Exp. 11.59
Asset Turnover 0.88% (EBITDA-Capex)/Interest Exp. 3.29
Net Debt/EBITDA 0.90
Gross Margin - Total Debt/EBITDA 1.37
EBITDA Margin 25.1%
EBIT Margin 14.1% Total Debt/Equity 49.1%
Net Income Margin 10.7% Total Debt/Capital 32.9%
Asset Turnover 0.88
Current Ratio 1.71 Net Fixed Asset Turnover 1.69
Quick Ratio 0.97 Accounts receivable turnover-days 54.97
Debt to Assets 27.11% Inventory Days -
Tot Debt to Common Equity 49.06% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.66 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Ausdrill LtdPrice/Volume
Valuation Analysis
1'984'852.00
Current Price (2/dd/yy) Market Data
-..//00112
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3&- 9
5&- 9
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./&- 9
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0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SAYERS RONALD GEORGE n/a Co File 36'846'782 11.91 - 30.06.2012 n/a
INVESCO AUSTRALIA LT n/a EXCH 16'787'171 5.42 - 25.12.2012 Investment Advisor
BREMERTON GROUP n/a Co File 16'064'489 5.19 - 30.06.2012 Other
AMP LTD n/a EXCH 15'667'025 5.06 - 19.02.2013 Insurance Company
NATIONAL AUSTRALIA B n/a ULT-AGG 15'084'550 4.87 (409'483) 26.11.2012 Bank
ALLIANZ ASSET MANAGE n/a ULT-AGG 2'766'317 0.89 1'338'680 30.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'541'708 0.82 (15'418) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'025'901 0.65 - 31.07.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 1'947'223 0.63 309'925 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'765'687 0.57 (579'761) 31.08.2011 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 1'449'857 0.47 814'279 30.09.2012 Investment Advisor
O'CONNOR TERENCE EDW n/a Co File 1'004'285 0.32 - 30.06.2012 n/a
THREADNEEDLE INVESTM Multiple Portfolios MF-AGG 718'809 0.23 207'166 31.10.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 629'966 0.2 (665'989) 30.09.2012 Mutual Fund Manager
ASKEW JAMES EDWARD n/a EXCH 600'000 0.19 - 07.06.2011 n/a
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 402'401 0.13 (109'368) 31.12.2012 Investment Advisor
STRAPP TERRENCE JOHN n/a Co File 400'000 0.13 - 30.06.2012 n/a
SIA FUNDS AG Multiple Portfolios MF-AGG 391'934 0.13 (20'628) 30.11.2012 Mutual Fund Manager
MD MANAGEMENT LTD Multiple Portfolios MF-AGG 333'700 0.11 - 31.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 312'617 0.1 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan ANTHONY PASSE-DE SILVA overweight 5 M 4 3 month 27.02.2013
Octa Phillip Securities Ltd CAMERON BELL sell 1 M 3 Not Provided 27.02.2013
Deutsche Bank DOMINIC ROSE buy 5 M 4 12 month 26.02.2013
Morgan Stanley DAVID EVANS Overwt/In-Line 5 M 4 12 month 26.02.2013
Macquarie ANDREW WACKETT neutral 3 M 3 12 month 26.02.2013
CIMB MATTHEW NICHOLAS neutral 3 M 3 12 month 26.02.2013
BBY Limited SWAPAN PANDYA buy 5 D 3 12 month 26.02.2013
Nomura PAUL GRAHAM buy 5 M 4 Not Provided 26.02.2013
Paterson Securities ROB BRIERLEY buy 5 M 3 12 month 26.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 15.01.2013
Argonaut Securities Pty Ltd IAN CHRISTIE buy 5 M 4 12 month 26.11.2012
Hartleys TRENT BARNETT accumulate 4 M 3 12 month 23.11.2012
Bell Potter JONATHAN SNAPE hold 3 M 3 12 month 22.11.2012
Holdings By:
Ausdrill Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Transpacific Industries Group Ltd. provides integrated industrial cleaning and
waste management solutions to customers across Australia and New Zealand. The
Company also imports and distributes heavy-duty commercial vehicles.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.10.2012) 0.95
52-Week Low (15.11.2012) 0.66
Daily Volume
0.9
52-Week High % Change -5.26% Dividend Yield -
52-Week Low % Change 36.36% Beta 0.78
% 52 Week Price Range High/Low 79.31% Equity Float 849.44
Shares Out 31.12.2012 1'578.6 Short Int -
1'420.71 1 Yr Total Return 11.11%
Total Debt 1'128.50 YTD Return 15.38%
Preferred Stock 249.8 Adjusted BETA 0.777
Minority Interest 5.4 Analyst Recs 11
Cash and Equivalents 77.90 Consensus Rating 3.909
Enterprise Value 2'712.81
Average Volume 5 Day 3'921'567
TPI AT EQUITY YTD Change - Average Volume 30 Day 1'964'784
TPI AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'649'260
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'149.6 2'172.2 2'065.5 2'170.2 2'272.8 - - 2'320.7 2'376.0 - -
1.99x - 1.34x 1.12x 1.08x - - 1.15x 1.08x - -
541.9 395.2 418.4 410.3 383.1 - - 427.6 450.8 - -
7.88x - 6.64x 5.94x 6.40x - - 6.34x 6.02x - -
193.3 (218.4) 71.2 (281.9) 29.1 - - 75.5 102.6 - -
9.71x - 14.85x - 80.56x - - 17.65x 13.64x - -
EBITDA 383.10 Long-Term Rating Date -
EBIT 195.10 Long-Term Rating -
Operating Margin 8.58% Long-Term Outlook -
Pretax Margin 0.38% Short-Term Rating Date -
Return on Assets 1.44% Short-Term Rating -
Return on Common Equity 1.94%
Return on Capital - EBITDA/Interest Exp. 2.46
Asset Turnover 0.62% (EBITDA-Capex)/Interest Exp. 1.31
Net Debt/EBITDA 2.75
Gross Margin - Total Debt/EBITDA 2.83
EBITDA Margin 16.2%
EBIT Margin 8.0% Total Debt/Equity 59.5%
Net Income Margin 1.3% Total Debt/Capital 34.4%
Asset Turnover 0.62
Current Ratio 0.82 Net Fixed Asset Turnover 2.20
Quick Ratio 0.52 Accounts receivable turnover-days 47.60
Debt to Assets 30.02% Inventory Days -
Tot Debt to Common Equity 59.52% Accounts Payable Turnover Day -
Accounts Receivable Turnover 7.69 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Transpacific Industries Group LtdPrice/Volume
Valuation Analysis
1'366'301.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-----......
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0-&- 9
02&- 9
1-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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1&2-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WP X HOLDINGS BV n/a EXCH 535'285'740 33.91 - 30.11.2011 Corporation
UBS n/a ULT-AGG 120'532'541 7.64 16'057'178 04.01.2013 Unclassified
FILMORE LTD n/a Co File 101'137'147 6.41 - 15.09.2011 Other
GOLDMAN SACHS GROUP n/a EXCH 59'751'047 3.79 3'387'627 08.11.2011 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 47'804'158 3.03 (4'783'606) 07.04.2011 Mutual Fund Manager
TANDOM PTY LTD n/a Co File 39'741'280 2.52 - 31.08.2011 Unclassified
BRENZIL PTY LTD n/a EXCH 36'527'759 2.31 - 31.08.2011 Unclassified
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 21'315'456 1.35 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 9'243'865 0.59 117'736 31.12.2012 Investment Advisor
JJ RICHARDS & SONS P n/a EXCH 8'891'724 0.56 - 31.08.2011 Corporation
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 8'121'429 0.51 - 31.12.2012 Investment Advisor
JUPITER ASSET MANAGE Multiple Portfolios MF-AGG 7'430'837 0.47 - 31.07.2012 Investment Advisor
QUEENSLAND INVESTMEN n/a EXCH 6'578'147 0.42 - 31.08.2011 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 5'359'279 0.34 - 31.01.2013 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'651'570 0.29 (35'395) 30.09.2012 Mutual Fund Manager
ASN FUND MANAGEMENT Multiple Portfolios MF-AGG 3'964'691 0.25 - 31.05.2011 Investment Advisor
CUSTODIAL SERVICES L n/a Co File 3'475'532 0.22 - 31.08.2011 Other
INVIA CUSTODIAN PTY n/a Co File 2'839'466 0.18 - 31.08.2011 Investment Advisor
AUSTRALIAN EXECUTOR n/a Co File 2'467'350 0.16 - 31.08.2011 Investment Advisor
FORSYTH BARR LTD n/a Co File 2'307'390 0.15 - 31.08.2011 Bank
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 26.02.2013
Macquarie ADAM SIMPSON outperform 5 U 1 12 month 25.02.2013
Deutsche Bank DOMINIC ROSE buy 5 M 1 12 month 22.02.2013
Goldman Sachs JIM GODSIL neutral/neutral 3 M 1 12 month 22.02.2013
Credit Suisse PAUL BUYS neutral 3 M 1 Not Provided 22.02.2013
JPMorgan RUSSELL GILL neutral 3 M 1 9 month 22.02.2013
CIMB TIM PLUMBE outperform 5 M 1 12 month 22.02.2013
Commonwealth Bank ANDRE FROMYHR overweight 5 M 1 12 month 22.02.2013
RBS Morgans ROGER LEANING outperform 5 N 1 12 month 27.11.2012
Moelis & Company ADAM S MICHELL hold 3 D 1 12 month 01.11.2012
Holdings By:
Transpacific Industries Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
FlexiGroup Ltd. provides retail point-of-sale lease and rental finance for IT
equipment and electrical appliances. The Company's products include desktop
and laptop computers, computer peripherals and software, audio visual
equipment, and white goods and brown goods.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 4.29
52-Week Low (09.03.2012) 2.06
Daily Volume
4.02
52-Week High % Change -6.29% Dividend Yield 3.36
52-Week Low % Change 95.15% Beta 0.76
% 52 Week Price Range High/Low 91.48% Equity Float 198.80
Shares Out 21.02.2013 287.9 Short Int -
1'157.24 1 Yr Total Return 89.95%
Total Debt 772.19 YTD Return 8.06%
Preferred Stock 0.0 Adjusted BETA 0.764
Minority Interest 0.0 Analyst Recs 11
Cash and Equivalents 63.21 Consensus Rating 4.273
Enterprise Value 1'951.22
Average Volume 5 Day 595'552
FXL AT EQUITY YTD Change - Average Volume 30 Day 734'373
FXL AT EQUITY YTD % CHANGE - Average Volume 3 Month 598'382
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
166.8 184.5 204.2 223.0 246.2 - - 287.1 321.7 - -
3.07x 3.62x 4.05x 4.74x 5.82x - - 6.96x 6.53x - -
95.3 100.1 113.1 128.1 149.8 - - 133.0 153.5 - -
5.38x 6.67x 7.31x 8.25x 9.56x - - 14.67x 12.71x - -
32.3 32.8 58.9 51.8 59.0 - - 70.5 82.2 - -
2.80x 5.42x 5.56x 10.56x 12.09x - - 16.28x 14.11x - -
EBITDA 149.82 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 44.22% Long-Term Outlook -
Pretax Margin 33.53% Short-Term Rating Date -
Return on Assets 5.50% Short-Term Rating -
Return on Common Equity 23.02%
Return on Capital 5.94% EBITDA/Interest Exp. -
Asset Turnover 0.24% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 285.2%
Net Income Margin 23.9% Total Debt/Capital 74.0%
Asset Turnover 0.24
Current Ratio - Net Fixed Asset Turnover 65.58
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 67.61% Inventory Days -
Tot Debt to Common Equity 285.20% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
FlexiGroup Ltd/AustraliaPrice/Volume
Valuation Analysis
705'121.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//00112
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2&- 9
3&- 9
4&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ABERCROMBIE ANDREW n/a EXCH 76'763'302 26.67 - 15.02.2013 n/a
BENNELONG FUNDS MANA n/a EXCH 14'629'575 5.08 - 21.01.2013 Investment Advisor
VINVA INVESTMENT MGM n/a EXCH 14'347'323 4.98 (107'670) 07.02.2013 Investment Advisor
ELEY GRIFFITHS GROUP n/a EXCH 14'209'846 4.94 - 24.02.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 13'554'406 4.71 (2'467'590) 07.02.2013 Bank
DELANO JOHN n/a EXCH 9'240'742 3.21 - 25.01.2013 n/a
JACKSON MARGARET ANN n/a EXCH 1'926'012 0.67 (200'000) 15.02.2013 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'644'965 0.57 57'649 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 961'629 0.33 (108'749) 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 597'372 0.21 - 31.07.2012 Investment Advisor
VANTAGEPOINT INVESTM Multiple Portfolios MF-AGG 516'200 0.18 - 31.12.2012 Investment Advisor
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 474'016 0.16 (2'479) 31.12.2012 Investment Advisor
LAUGHTON PEARL n/a Co File 473'000 0.16 - 30.06.2012 n/a
DHAWAN RAJEEV n/a Co File 389'099 0.14 - 30.06.2012 n/a
TOUCHSTONE ADVISORS Multiple Portfolios MF-AGG 292'834 0.1 (12'239) 31.12.2012 Mutual Fund Manager
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 238'276 0.08 (31'993) 30.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 229'497 0.08 (24'054) 31.08.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 224'093 0.08 - 25.02.2013 Investment Advisor
SKIPPEN RAYMOND JOHN n/a EXCH 115'000 0.04 (25'000) 20.02.2013 n/a
SCOTCHER JANE n/a Co File 87'591 0.03 - 30.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie JODIE BANNAN outperform 5 M 4 12 month 08.02.2013
Ord Minnett JAMES LENNON hold 3 U 4 Not Provided 08.02.2013
BBY Limited SWAPAN PANDYA buy 5 M 4 12 month 08.02.2013
Deutsche Bank WASSIM KISIRWANI buy 5 M 4 12 month 07.02.2013
Goldman Sachs JIM GODSIL neutral/neutral 3 M 4 12 month 07.02.2013
Credit Suisse PAUL BUYS outperform 5 M 4 Not Provided 07.02.2013
Commonwealth Bank NAVEEN PATNEY neutral 3 M 4 12 month 07.02.2013
Nomura PAUL GRAHAM buy 5 M 5 Not Provided 07.02.2013
EVA Dimensions AUSTIN BURKETT buy 5 M #N/A N/A Not Provided 15.01.2013
Moelis & Company ADAM S MICHELL hold 3 M 4 12 month 25.10.2012
Holdings By:
FlexiGroup Ltd/Australia ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Perseus Mining Limited is a mineral exploration Company. The Company explores
for gold in West Africa and Central Asia regions.
Latest Fiscal Year: 06/2012
LTM as of: 12/yy
52-Week High (05.10.2012) 3.00
52-Week Low (21.02.2013) 1.49
Daily Volume
1.67
52-Week High % Change -44.33% Dividend Yield 0.00
52-Week Low % Change 12.46% Beta 1.30
% 52 Week Price Range High/Low 7.92% Equity Float 449.49
Shares Out 01.01.2013 458.0 Short Int -
764.80 1 Yr Total Return -42.01%
Total Debt 60.26 YTD Return -20.48%
Preferred Stock 0.0 Adjusted BETA 1.303
Minority Interest (0.6) Analyst Recs 24
Cash and Equivalents 105.50 Consensus Rating 4.208
Enterprise Value 728.46
Average Volume 5 Day 4'223'456
PRU AT EQUITY YTD Change - Average Volume 30 Day 3'228'098
PRU AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'577'296
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 12/yy 12/yy 06/13 Y 06/14 Y 03/13 Q3 06/13 Q4
- - 0.0 0.0 144.7 0.0 291.8 321.0 453.8 96.1 96.1
- - - - 7.53x #DIV/0! 14.83x 2.26x 1.56x 7.67x 7.67x
(5.5) (3.3) (10.1) (32.0) 55.3 (8.7) 127.3 135.7 213.4 47.6 47.6
- - - - 19.72x 0.00x 7.27x 5.37x 3.41x 3.35x 2.97x
(4.8) (4.8) (9.7) (48.2) 47.2 4.4 62.5 66.8 115.3 26.0 26.0
- - - - 23.48x 212.39x 14.52x 10.92x 6.14x 8.23x 6.82x
EBITDA 55.28 Long-Term Rating Date -
EBIT 45.11 Long-Term Rating -
Operating Margin 31.18% Long-Term Outlook -
Pretax Margin 41.62% Short-Term Rating Date -
Return on Assets 12.17% Short-Term Rating -
Return on Common Equity 17.73%
Return on Capital - EBITDA/Interest Exp. 28.41
Asset Turnover - (EBITDA-Capex)/Interest Exp. 26.49
Net Debt/EBITDA -0.31
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 16.7%
Net Income Margin 32.6% Total Debt/Capital 14.3%
Asset Turnover -
Current Ratio 1.55 Net Fixed Asset Turnover -
Quick Ratio 1.13 Accounts receivable turnover-days -
Debt to Assets 11.39% Inventory Days -
Tot Debt to Common Equity 16.72% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Perseus Mining LtdPrice/Volume
Valuation Analysis
3'955'298.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
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/2&--
0-&--
02&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
DUNDEE CORP n/a EXCH 50'889'000 11.11 (5'997'500) 12.10.2011 Holding Company
THE BANK OF NOVA SCO n/a Co File 49'800'230 10.87 - 20.09.2012 Investment Advisor
VAN ECK ASSOCIATES C n/a Co File 43'695'232 9.54 - 20.09.2012 Investment Advisor
GCIC LTD/CANADA Multiple Portfolios MF-AGG 38'674'000 8.44 709'300 31.08.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 33'514'162 7.32 - 25.02.2013 Investment Advisor
MACKENZIE FINANCIAL Multiple Portfolios MF-AGG 12'712'000 2.78 13'200 30.11.2012 Investment Advisor
ROYAL BANK OF CANADA n/a ULT-AGG 7'500'000 1.64 (7'996'200) 28.09.2012 Bank
FIRST CANADIAN MUTUA Multiple Portfolios MF-AGG 7'066'148 1.54 (478'300) 26.02.2013 Investment Advisor
FMR LLC n/a ULT-AGG 6'804'308 1.49 - 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 6'619'500 1.45 64'000 31.12.2012 Unclassified
IVY MANAGEMENT INCOR Multiple Portfolios MF-AGG 6'159'171 1.34 3'159'171 31.12.2012 Investment Advisor
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'421'800 1.18 - 30.11.2012 Investment Advisor
MONTRUSCO BOLTON INV Multiple Portfolios MF-AGG 5'212'443 1.14 353'975 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'048'243 1.1 76'529 31.12.2012 Investment Advisor
SCOTIA ASSET MANAGEM Multiple Portfolios MF-AGG 4'921'700 1.07 - 31.12.2012 Investment Advisor
GLOBAL STRATEGY FINA Multiple Portfolios MF-AGG 4'610'900 1.01 - 28.09.2012 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 4'360'800 0.95 - 30.06.2012 Mutual Fund Manager
LB SWISS INVESTMENT Multiple Portfolios MF-AGG 4'000'000 0.87 - 31.12.2012 Mutual Fund Manager
WELLS FARGO FUNDS MA Multiple Portfolios MF-AGG 4'000'000 0.87 - 31.12.2012 Investment Advisor
BAILLIE GIFFORD AND Multiple Portfolios MF-AGG 3'723'490 0.81 - 30.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
BMO Capital Markets ANDREW BREICHMANAS outperform 5 M 3 12 month 26.02.2013
Goldman Sachs PAUL HISSEY neutral/attractive 3 M 2 12 month 26.02.2013
Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 3 Not Provided 20.02.2013
Dundee Securities Corp JOSH WOLFSON buy 5 M 2 12 month 20.02.2013
EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 20.02.2013
Canaccord Genuity Corp REG SPENCER buy 5 M 4 12 month 19.02.2013
CIBC World Markets COSMOS CHIU sector perform 3 M 3 Not Provided 18.02.2013
Nomura DAVID COTTERELL neutral 3 M 2 Not Provided 18.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/Attractive 5 M 3 12 month 15.02.2013
RBC Capital Markets STEUART MCINTYRE sector perform 3 M 2 12 month 15.02.2013
Macquarie MITCH RYAN outperform 5 M 3 12 month 15.02.2013
Commonwealth Bank ANDREW KNUCKEY neutral 3 M 2 12 month 15.02.2013
Clarus Securities NANA SANGMUAH buy 5 M 3 12 month 15.02.2013
Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 3 12 month 15.02.2013
CIMB JAMES STEWART outperform 5 M 3 12 month 31.01.2013
JPMorgan JOSEPH KIM neutral 3 M 2 9 month 25.01.2013
Cormark Securities Inc. MIKE KOZAK market perform 3 M 3 12 month 22.01.2013
GMP LEVI SPRY buy 5 M 3 Not Provided 22.01.2013
Bell Potter STEPHEN THOMAS hold 3 M 3 12 month 16.01.2013
Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 03.01.2013
Holdings By:
Perseus Mining Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sigma Pharmaceuticals Limited manufactures, wholesale and distributes
prescription, over-the-counter and generic pharmaceutical products. The Company
also owns a number of pharmacy banner brands in Australia.
Latest Fiscal Year: 01/2012
LTM as of: 01/yy
52-Week High (24.12.2012) 0.77
52-Week Low (08.03.2012) 0.53
Daily Volume
0.655
52-Week High % Change -14.38% Dividend Yield 8.40
52-Week Low % Change 24.21% Beta 0.77
% 52 Week Price Range High/Low 53.71% Equity Float 1'061.26
Shares Out 14.02.2013 1'162.7 Short Int -
761.55 1 Yr Total Return 18.75%
Total Debt 35.00 YTD Return -10.88%
Preferred Stock 0.0 Adjusted BETA 0.770
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 148.60 Consensus Rating 3.286
Enterprise Value 635.78
Average Volume 5 Day 1'929'350
SIP AT EQUITY YTD Change - Average Volume 30 Day 3'403'932
SIP AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'600'187
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.01.2008 31.01.2009 31.01.2010 31.01.2011 31.01.2012 01/yy 01/yy 01/13 Y 01/14 Y - -
2'966.5 3'081.3 2'733.8 2'914.3 2'853.9 - - 2'929.5 2'990.9 - -
0.58x - 0.52x 0.11x 0.21x - - 0.24x 0.25x - -
209.2 233.6 117.8 108.9 70.8 - - 79.2 84.6 - -
8.20x - 11.97x 2.99x 8.38x - - 8.03x 7.52x - -
77.2 80.1 (398.3) (235.4) 49.2 - - 53.5 55.3 - -
17.65x 12.77x - - 14.29x - - 14.24x 13.10x - -
EBITDA 70.81 Long-Term Rating Date -
EBIT 65.31 Long-Term Rating -
Operating Margin 2.29% Long-Term Outlook -
Pretax Margin 2.52% Short-Term Rating Date -
Return on Assets 4.44% Short-Term Rating -
Return on Common Equity 7.23%
Return on Capital 7.22% EBITDA/Interest Exp. 12.84
Asset Turnover 2.65% (EBITDA-Capex)/Interest Exp. 11.45
Net Debt/EBITDA -1.83
Gross Margin 7.1% Total Debt/EBITDA 0.29
EBITDA Margin 2.4%
EBIT Margin 2.2% Total Debt/Equity 5.1%
Net Income Margin 1.7% Total Debt/Capital 4.9%
Asset Turnover 2.65
Current Ratio 2.41 Net Fixed Asset Turnover 43.07
Quick Ratio 1.81 Accounts receivable turnover-days 73.90
Debt to Assets 3.24% Inventory Days 33.84
Tot Debt to Common Equity 5.13% Accounts Payable Turnover Day 50.66
Accounts Receivable Turnover 4.95 Cash Conversion Cycle 68.13
Inventory Turnover 10.82
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Sigma Pharmaceuticals LtdPrice/Volume
Valuation Analysis
638'403.00
Current Price (2/dd/yy) Market Data
-
-
-
-
-
.
.
.
.
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9/-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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3&--
4&--
5&--
6&--
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-3&-/&/--6 -3&-5&/--6 -3&-/&/-.- -3&-5&/-.- -3&-/&/-.. -3&-5&/-.. -3&-/&/-./ -3&-5&/-./ -3&-/&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ALLAN GRAY AUSTRALIA n/a EXCH 105'787'658 9.1 (12'513'811) 30.11.2012 Investment Advisor
PARADICE INVESTMENT n/a EXCH 86'782'207 7.46 (13'341'727) 11.02.2013 Investment Advisor
VINVA INVT MANAGEMEN n/a EXCH 76'412'255 6.57 14'231'821 21.11.2012 Other
BENNELONG FUNDS MANA n/a EXCH 67'482'497 5.8 (11'988'493) 21.01.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a EXCH 58'779'772 5.06 1'481'943 12.02.2013 Investment Advisor
MAPLE-BROWN ABBOTT L n/a EXCH 58'341'614 5.02 (9'884'683) 14.09.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 22'555'228 1.94 - 31.07.2012 Investment Advisor
HOOPER MARK R n/a EXCH 14'007'532 1.2 3'358 22.06.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 12'772'731 1.1 287'899 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 8'665'196 0.75 517'617 30.09.2012 Mutual Fund Manager
NIPPON LIFE INSURANC n/a ULT-AGG 6'932'531 0.6 - 20.09.2011 Insurance Company
SCOTT WILLIAM JAMES n/a EXCH 6'296'490 0.54 - 08.06.2011 n/a
VANTAGEPOINT INVESTM Multiple Portfolios MF-AGG 3'921'200 0.34 (447'000) 31.12.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 3'275'008 0.28 (4'050'778) 30.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 2'730'719 0.23 - 25.02.2013 Investment Advisor
STATE STREET n/a ULT-AGG 1'905'246 0.16 - 26.02.2013 Investment Advisor
SELLS JEFFREY WAYNE n/a Co File 1'704'983 0.15 - 31.12.2011 n/a
DUNNE GARY n/a Co File 1'639'925 0.14 - 31.12.2011 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 1'420'085 0.12 137'802 31.08.2011 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'384'927 0.12 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie AMRON D'SILVA neutral 3 M 1 12 month 08.02.2013
Goldman Sachs IAN ABBOTT neutral/neutral 3 M 1 12 month 07.02.2013
Nomura DAVID STANTON neutral 3 M 1 Not Provided 06.02.2013
EVA Dimensions ANDREW S ZAMFOTIS buy 5 M #N/A N/A Not Provided 15.01.2013
Morgan Stanley SEAN LAAMAN Equalwt/Cautious 3 D 1 12 month 03.01.2013
Credit Suisse SAUL HADASSIN outperform 5 M 1 Not Provided 20.12.2012
Commonwealth Bank BRUCE DU overweight 5 M 1 12 month 12.12.2012
Deutsche Bank DAVID A LOW buy 5 M 1 12 month 24.10.2012
JPMorgan STEVEN D WHEEN neutral 3 M 1 3 month 24.10.2012
Moelis & Company ADAM S MICHELL hold 3 N 1 12 month 20.09.2012
BBY Limited DENNIS HULME underperform 1 M 1 12 month 14.09.2012
Holdings By:
Sigma Pharmaceuticals Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Pacific Brands Limited is a manager of consumer brands. The Company markets
brands for products such as footwear, home comfort products, outerwear and
sport and underwear and hosiery. Pacific Brands has operations throughout
Australia, New Zealand, United Kingdom, Malaysia, China and Indonesia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 0.85
52-Week Low (17.07.2012) 0.43
Daily Volume
0.79
52-Week High % Change -6.73% Dividend Yield -
52-Week Low % Change 83.72% Beta 1.20
% 52 Week Price Range High/Low 86.33% Equity Float 763.77
Shares Out 31.12.2012 912.9 Short Int -
721.20 1 Yr Total Return 24.80%
Total Debt 344.54 YTD Return 31.40%
Preferred Stock 0.0 Adjusted BETA 1.200
Minority Interest 2.3 Analyst Recs 15
Cash and Equivalents 155.42 Consensus Rating 3.467
Enterprise Value 898.89
Average Volume 5 Day 6'888'179
PBG AT EQUITY YTD Change - Average Volume 30 Day 4'162'463
PBG AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'684'952
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'116.6 1'959.8 1'742.4 1'614.6 1'322.7 - - 1'265.2 1'278.1 - -
0.77x 0.64x 0.65x 0.54x 0.49x - - 0.70x 0.66x - -
240.4 217.7 191.6 207.2 144.3 - - 138.8 140.4 - -
6.81x 5.74x 5.93x 4.23x 4.49x - - 6.47x 6.40x - -
116.6 (234.5) 52.7 (131.9) (450.7) - - 73.1 74.2 - -
7.65x - 15.53x - - - - 10.00x 9.75x - -
EBITDA 144.27 Long-Term Rating Date -
EBIT 129.06 Long-Term Rating -
Operating Margin 9.76% Long-Term Outlook -
Pretax Margin -32.58% Short-Term Rating Date -
Return on Assets -3.70% Short-Term Rating -
Return on Common Equity -6.66%
Return on Capital - EBITDA/Interest Exp. 4.61
Asset Turnover 0.96% (EBITDA-Capex)/Interest Exp. 3.90
Net Debt/EBITDA -
Gross Margin 46.4% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 10.1% Total Debt/Equity 50.2%
Net Income Margin -34.1% Total Debt/Capital 33.3%
Asset Turnover 0.96
Current Ratio 2.74 Net Fixed Asset Turnover 17.59
Quick Ratio 1.43 Accounts receivable turnover-days 47.00
Debt to Assets 27.42% Inventory Days 140.78
Tot Debt to Common Equity 50.20% Accounts Payable Turnover Day 82.59
Accounts Receivable Turnover 7.79 Cash Conversion Cycle 112.53
Inventory Turnover 2.60
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Pacific Brands LtdPrice/Volume
Valuation Analysis
3'179'480.00
Current Price (2/dd/yy) Market Data
-----.....
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
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0&--
1&--
2&--
3&--
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5&--
6&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PACIFIC BRANDS LTD n/a EXCH 97'955'312 10.73 9'228'164 08.11.2012 Corporation
ALLAN GRAY AUSTRALIA n/a EXCH 84'759'021 9.28 10'601'086 02.11.2012 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 79'036'290 8.66 (9'193'833) 19.02.2013 Unclassified
AXA n/a EXCH 67'618'168 7.41 - 20.09.2012 Investment Advisor
DIMENSIONAL FUND ADV n/a Co File 65'364'765 7.16 - 22.08.2012 Investment Advisor
INTEGRITY INVESTMENT n/a EXCH 59'506'925 6.52 (15'260'872) 26.11.2012 Venture Capital
FRANKLIN RESOURCES n/a ULT-AGG 47'849'222 5.24 (3'445'555) 07.02.2013 Investment Advisor
LEGG MASON ASSET MAN n/a EXCH 46'321'709 5.07 - 15.11.2012 Mutual Fund Manager
COMMONWEALTH BANK OF n/a EXCH 42'499'731 4.66 (4'019'784) 15.05.2012 Bank
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 17'801'769 1.95 - 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 9'309'620 1.02 166'973 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 7'180'400 0.79 (88'300) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'558'098 0.72 426'631 30.09.2012 Mutual Fund Manager
ALLIANCE BERNSTEIN n/a ULT-AGG 5'511'028 0.6 - 31.12.2012 Investment Advisor
BORTOLUSSI DAVID L n/a Co File 3'200'000 0.35 - 30.06.2012 n/a
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 2'396'575 0.26 (412'550) 31.05.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'951'977 0.21 - 25.02.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'812'273 0.2 - 25.02.2013 Investment Advisor
TEMPLETON INVESTMENT Multiple Portfolios MF-AGG 1'801'619 0.2 (943'380) 30.11.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'505'207 0.16 (2'059'065) 31.08.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 21.02.2013
Macquarie GREG DRING neutral 3 D 1 12 month 19.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY hold 3 M 1 Not Provided 19.02.2013
Moelis & Company TODD W GUYOT hold 3 M 1 12 month 19.02.2013
Octa Phillip Securities Ltd KEN WAGNER buy 5 M 1 Not Provided 19.02.2013
Deutsche Bank JENNIFER KRUK hold 3 M 1 12 month 18.02.2013
Morgan Stanley THOMAS KIERATH Equalwt/In-Line 3 M 1 12 month 18.02.2013
Goldman Sachs PHILLIP KIMBER neutral/cautious 3 M 1 12 month 18.02.2013
Credit Suisse GRANT SALIGARI neutral 3 M 1 Not Provided 18.02.2013
JPMorgan SHAUN COUSINS neutral 3 M 1 3 month 18.02.2013
Commonwealth Bank JORDAN ROGERS overweight 5 M 1 12 month 18.02.2013
Nomura NICK BERRY reduce 2 D 1 Not Provided 18.02.2013
Evans & Partners Pty Ltd TONY WILSON Positive 4 U #N/A N/A Not Provided 31.01.2012
Holdings By:
Pacific Brands Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
TPG Telecom Limited wholesales bandwidth and other telecommunications services.
The Company also delivers a full range of telecommunications products and
services to home and business consumers through its retail operations.
Latest Fiscal Year: 07/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 2.97
52-Week Low (27.02.2012) 1.52
Daily Volume
2.55
52-Week High % Change -14.14% Dividend Yield 2.16
52-Week Low % Change 68.32% Beta 0.92
% 52 Week Price Range High/Low 75.26% Equity Float 250.12
Shares Out 31.07.2012 793.8 Short Int -
2'024.21 1 Yr Total Return 71.25%
Total Debt 144.72 YTD Return -1.54%
Preferred Stock 0.0 Adjusted BETA 0.918
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 61.39 Consensus Rating 3.800
Enterprise Value 2'107.54
Average Volume 5 Day 2'665'660
TPM AT EQUITY YTD Change - Average Volume 30 Day 1'168'750
TPM AT EQUITY YTD % CHANGE - Average Volume 3 Month 873'847
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.07.2008 31.07.2009 31.07.2010 31.07.2011 31.07.2012 01/yy 01/yy 07/13 Y 07/14 Y - -
446.4 481.2 495.3 528.6 595.2 - - 707.2 756.5 - -
0.63x 0.87x 3.39x 2.65x 2.72x - - 2.92x 2.60x - -
40.3 126.0 158.2 187.4 192.0 - - 269.4 281.2 - -
7.02x 3.33x 10.63x 7.47x 8.43x - - 7.82x 7.50x - -
(18.8) 17.7 55.7 78.2 91.0 - - 131.6 146.8 - -
- 20.19x 23.75x 15.10x 16.83x - - 15.27x 13.71x - -
EBITDA 192.03 Long-Term Rating Date -
EBIT 111.01 Long-Term Rating -
Operating Margin 18.65% Long-Term Outlook -
Pretax Margin 27.43% Short-Term Rating Date -
Return on Assets 9.70% Short-Term Rating -
Return on Common Equity 16.44%
Return on Capital 13.45% EBITDA/Interest Exp. 12.83
Asset Turnover 0.63% (EBITDA-Capex)/Interest Exp. 8.51
Net Debt/EBITDA 0.43
Gross Margin - Total Debt/EBITDA 0.75
EBITDA Margin 32.3%
EBIT Margin 18.7% Total Debt/Equity 24.5%
Net Income Margin 15.3% Total Debt/Capital 19.7%
Asset Turnover 0.63
Current Ratio 0.61 Net Fixed Asset Turnover 1.86
Quick Ratio 0.47 Accounts receivable turnover-days 13.68
Debt to Assets 15.06% Inventory Days -
Tot Debt to Common Equity 24.50% Accounts Payable Turnover Day -
Accounts Receivable Turnover 26.76 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
TPG Telecom LtdPrice/Volume
Valuation Analysis
1'789'589.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
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0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
0.&-4&/--6 0.&-.&/-.- 0.&-4&/-.- 0.&-.&/-.. 0.&-4&/-.. 0.&-.&/-./ 0.&-4&/-./ 0.&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
TEOH DAVID n/a Co File 291'625'603 36.74 - 11.10.2012 n/a
WASHINGTON H SOUL PA n/a Co File 213'400'684 26.88 - 03.10.2012 Holding Company
WIN CORPORATION PTY n/a Co File 12'400'000 1.56 - 03.10.2012 Corporation
MILLNER ROBERT DOBSO n/a Co File 7'374'175 0.93 - 11.10.2012 n/a
FARJOY PTY LTD n/a Co File 6'010'000 0.76 - 03.10.2012 Other
J S MILLNER HLDGS P/ n/a Co File 5'951'207 0.75 - 03.10.2012 n/a
BKI INVESTMENT COMPA n/a Co File 4'420'000 0.56 - 03.10.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 3'915'518 0.49 (53'625) 31.08.2011 Investment Advisor
PAINE JOHN n/a Co File 3'843'717 0.48 - 03.10.2012 n/a
MILTON CORP LTD n/a Co File 3'731'553 0.47 - 03.10.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'554'628 0.32 25'130 31.12.2012 Investment Advisor
TOTAL PERIPHERALS PT n/a Co File 2'359'175 0.3 - 03.10.2012 n/a
GWYNVILL TRADING PTY n/a Co File 2'250'000 0.28 - 03.10.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'997'161 0.25 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'423'339 0.18 (7'444) 30.09.2012 Mutual Fund Manager
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 753'112 0.09 - 25.02.2013 Investment Advisor
HARDING LOEVNER LP Multiple Portfolios MF-AGG 587'100 0.07 84'700 30.06.2012 Investment Advisor
LATIMER ALAN JOHN n/a Co File 500'000 0.06 - 11.10.2012 n/a
AUSBIL DEXIA LIMITED Multiple Portfolios MF-AGG 423'100 0.05 - 30.06.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 415'512 0.05 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DANIEL BLAIR reduce 2 M 2 Not Provided 27.02.2013
RBS Morgans NICK HARRIS neutral 3 N 3 12 month 13.02.2013
Paterson Securities MARCUS HAMILTON hold 3 M 3 12 month 07.02.2013
CIMB ALAN STUART neutral 3 M 3 12 month 05.02.2013
Goldman Sachs RAYMOND TONG neutral/neutral 3 M 2 12 month 30.01.2013
EVA Dimensions ANDREW S ZAMFOTIS buy 5 M #N/A N/A Not Provided 15.01.2013
Moelis & Company ADAM S MICHELL hold 3 M 2 12 month 13.12.2012
Commonwealth Bank NATHAN BURLEY overweight 5 M 3 12 month 09.11.2012
Morgan Stanley MARK GOODRIDGE Overwt/In-Line 5 N 3 12 month 24.10.2012
Macquarie ANDREW LEVY outperform 5 M 2 12 month 15.10.2012
Ord Minnett BRAD DUNN accumulate 4 M 3 Not Provided 12.10.2012
Credit Suisse BRADLEY CLIBBORN outperform 5 M 2 Not Provided 25.09.2012
Holdings By:
TPG Telecom Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
SAI Global Limited publishes and distributes Australian Standards (technical
and business standards and codes of practice) along with International Standards
in hardcopy and electronic forms. The Company also provides training and
consulting services along with products and management systems that conform with
Australian and International Standards.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.04.2012) 5.29
52-Week Low (19.02.2013) 3.44
Daily Volume
3.62
52-Week High % Change -31.57% Dividend Yield 4.14
52-Week Low % Change 5.23% Beta 0.56
% 52 Week Price Range High/Low 5.41% Equity Float 205.90
Shares Out 21.02.2013 207.0 Short Int -
749.23 1 Yr Total Return -20.82%
Total Debt 251.81 YTD Return -12.77%
Preferred Stock 0.0 Adjusted BETA 0.560
Minority Interest 1.2 Analyst Recs 14
Cash and Equivalents 43.91 Consensus Rating 3.143
Enterprise Value 957.96
Average Volume 5 Day 1'604'341
SAI AT EQUITY YTD Change - Average Volume 30 Day 1'964'238
SAI AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'204'629
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
238.4 319.1 388.9 423.1 447.0 - - 486.7 517.2 - -
1.95x 1.85x 2.03x 2.64x 2.65x - - 1.95x 1.78x - -
38.6 61.9 75.4 98.4 98.8 - - 101.2 112.0 - -
12.07x 9.51x 10.46x 11.35x 11.99x - - 9.47x 8.55x - -
15.3 26.1 33.7 44.8 42.4 - - 46.7 53.8 - -
21.89x 16.10x 18.70x 20.56x 22.87x - - 15.88x 13.92x - -
EBITDA 98.83 Long-Term Rating Date -
EBIT 72.51 Long-Term Rating -
Operating Margin 16.22% Long-Term Outlook -
Pretax Margin 12.50% Short-Term Rating Date -
Return on Assets 5.24% Short-Term Rating -
Return on Common Equity 10.88%
Return on Capital 8.47% EBITDA/Interest Exp. 6.75
Asset Turnover 0.62% (EBITDA-Capex)/Interest Exp. 4.84
Net Debt/EBITDA 2.13
Gross Margin 83.2% Total Debt/EBITDA 2.56
EBITDA Margin 21.1%
EBIT Margin 14.6% Total Debt/Equity 68.8%
Net Income Margin 9.5% Total Debt/Capital 40.7%
Asset Turnover 0.62
Current Ratio 1.24 Net Fixed Asset Turnover 9.99
Quick Ratio 0.96 Accounts receivable turnover-days 77.02
Debt to Assets 32.04% Inventory Days 3.53
Tot Debt to Common Equity 68.79% Accounts Payable Turnover Day 59.07
Accounts Receivable Turnover 4.75 Cash Conversion Cycle -19.95
Inventory Turnover 103.67
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
SAI Global LtdPrice/Volume
Valuation Analysis
1'246'631.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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3&--
5&--
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.1&--
.3&--
.5&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PERPETUAL LTD n/a EXCH 29'084'373 14.05 5'251'924 14.02.2013 Investment Advisor
COMMONWEALTH BANK OF #N/A N/A EXCH 26'435'066 12.77 2'830'740 19.02.2013 Bank
UBS n/a ULT-AGG 13'337'179 6.44 - 22.02.2012 Unclassified
NORTHCAPE CAPITAL PT #N/A N/A EXCH 13'311'823 6.43 2'818'064 21.02.2013 Other
NATIONAL AUSTRALIA B n/a ULT-AGG 10'434'563 5.04 (1'588'930) 12.10.2012 Bank
WESTPAC BANKING CORP n/a EXCH 10'377'373 5.01 - 21.11.2012 Bank
ELEY GRIFFITHS GROUP n/a EXCH 10'360'545 5.01 - 03.04.2012 Investment Advisor
AMP LTD n/a EXCH 10'360'518 5.01 - 19.02.2013 Insurance Company
AUSTRALIANSUPER PTY n/a EXCH 10'335'965 4.99 164'103 31.10.2012 Investment Advisor
PARADICE INVESTMENT n/a Co File 9'920'478 4.79 (679'239) 02.10.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 6'399'243 3.09 3'240'400 31.12.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 6'223'000 3.01 - 31.12.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 2'699'409 1.3 - 31.12.2012 Investment Advisor
DENVER INVESTMENT AD DENVER INVESTMENT AD 13F 2'443'295 1.18 1'328'997 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'296'071 1.11 31'880 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'397'058 0.68 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'014'702 0.49 (11'298) 30.09.2012 Mutual Fund Manager
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 963'246 0.47 383'719 31.10.2012 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 876'419 0.42 138'000 31.01.2013 Investment Advisor
ABERDEEN n/a ULT-AGG 870'400 0.42 - 31.01.2013 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs MIKE YOUNGER Buy/Neutral 5 M 5 12 month 18.02.2013
Deutsche Bank DOMINIC ROSE hold 3 M 4 12 month 14.02.2013
Morgan Stanley DAVID EVANS Overwt/In-Line 5 M 5 12 month 14.02.2013
Credit Suisse PAUL BUYS neutral 3 D 4 Not Provided 14.02.2013
JPMorgan GARRY SHERRIFF neutral 3 M 4 9 month 14.02.2013
Macquarie JODIE BANNAN outperform 5 M 4 12 month 14.02.2013
CIMB JULIAN GUIDO neutral 3 M 4 12 month 14.02.2013
Nomura ROGER SAMUEL neutral 3 M 4 Not Provided 14.02.2013
Bell Potter SAM HADDAD sell 1 D 3 12 month 14.02.2013
Moelis & Company ADAM S MICHELL hold 3 M 4 12 month 07.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Shaw Stockbroking SCOTT MARSHALL hold 3 D #N/A N/A Not Provided 17.08.2011
Intersuisse Ltd PETER RUSSELL buy 5 N 5 12 month 23.08.2010
Wilson HTM Investment Group SIMON FRITSCH hold 3 D 3 Not Provided 06.10.2008
Holdings By:
SAI Global Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
AWE Limited is an Australian based oil and gas exploration and production
company. The Company currently has oil and gas interests in Australia, New
Zealand, Indonesia, Yemen and the United States, and is actively reviewing
additional growth opportunities.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (30.03.2012) 2.00
52-Week Low (25.01.2013) 1.14
Daily Volume
1.33
52-Week High % Change -33.33% Dividend Yield -
52-Week Low % Change 17.18% Beta 1.53
% 52 Week Price Range High/Low 22.67% Equity Float 518.71
Shares Out 31.12.2012 522.1 Short Int -
694.42 1 Yr Total Return -23.56%
Total Debt 12.88 YTD Return 9.47%
Preferred Stock 0.0 Adjusted BETA 1.534
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 42.76 Consensus Rating 4.333
Enterprise Value 664.53
Average Volume 5 Day 2'174'720
AWE AT EQUITY YTD Change - Average Volume 30 Day 3'041'317
AWE AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'347'770
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
821.2 589.6 354.2 304.9 298.4 - - 296.0 335.7 - -
1.87x 1.69x 2.23x 1.75x 2.24x - - 2.57x 2.41x - -
650.1 377.4 88.6 (8.0) 141.8 - - 150.6 175.1 - -
2.36x 2.64x 8.93x - 4.72x - - 4.41x 3.80x - -
264.4 88.6 (28.9) (117.6) (66.5) - - 26.3 35.3 - -
7.08x 14.80x - - - - - 29.56x 21.80x - -
EBITDA 141.78 Long-Term Rating Date -
EBIT 61.22 Long-Term Rating -
Operating Margin 20.52% Long-Term Outlook -
Pretax Margin -21.16% Short-Term Rating Date -
Return on Assets -6.11% Short-Term Rating -
Return on Common Equity -7.36%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.27% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -0.21
Gross Margin 36.2% Total Debt/EBITDA 0.09
EBITDA Margin 47.5%
EBIT Margin 20.5% Total Debt/Equity 1.5%
Net Income Margin -22.3% Total Debt/Capital 1.5%
Asset Turnover 0.27
Current Ratio 1.05 Net Fixed Asset Turnover 0.34
Quick Ratio 0.84 Accounts receivable turnover-days 33.43
Debt to Assets 1.21% Inventory Days 19.81
Tot Debt to Common Equity 1.51% Accounts Payable Turnover Day 0.26
Accounts Receivable Turnover 10.95 Cash Conversion Cycle 52.97
Inventory Turnover 18.48
Fiscal Year Ended
AWE LtdPrice/Volume
Valuation Analysis
3'573'243.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
.1&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
IOOF HOLDINGS LTD n/a EXCH 43'676'107 8.37 (5'219'549) 18.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a Co File 26'636'942 5.1 - 11.09.2012 Bank
WESTPAC BANKING CORP #N/A N/A EXCH 26'175'760 5.01 - 22.02.2013 Bank
DIMENSIONAL FUND ADV n/a Co File 26'170'936 5.01 - 11.09.2012 Investment Advisor
SOLARIS INV MGMT LTD n/a EXCH 25'766'206 4.93 (1'947'464) 21.03.2012 Mutual Fund Manager
AMP LTD n/a EXCH 25'756'383 4.93 (4'120'443) 16.03.2011 Insurance Company
BNP PARIBAS INV PART n/a ULT-AGG 25'304'090 4.85 (1'145'665) 28.06.2011 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 25'269'963 4.84 (1'870'685) 14.09.2011 Bank
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 12'043'775 2.31 - 31.07.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'369'216 1.03 46'134 31.12.2012 Investment Advisor
PHILLIPS BRUCE JOHN n/a Co File 2'900'914 0.56 - 27.08.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'791'930 0.53 (20'935) 30.09.2012 Mutual Fund Manager
NATIXIS INTERNATIONA Multiple Portfolios MF-AGG 2'003'374 0.38 (159'663) 31.12.2012 Investment Advisor
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 1'426'613 0.27 59'603 30.09.2012 Investment Advisor
PARVEST INVESTMENT M Multiple Portfolios MF-AGG 1'196'068 0.23 - 30.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'085'340 0.21 - 25.02.2013 Investment Advisor
STATE STREET n/a ULT-AGG 912'601 0.17 - 25.02.2013 Investment Advisor
ALLIANCE BERNSTEIN n/a ULT-AGG 909'220 0.17 - 31.12.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 680'243 0.13 (7'419) 31.12.2012 Investment Advisor
AUSBIL DEXIA LIMITED Multiple Portfolios MF-AGG 538'662 0.1 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank JOHN HIRJEE hold 3 M 1 12 month 26.02.2013
Morgan Stanley CAMERON O'NEILL Equalwt/Attractive 3 M 1 12 month 26.02.2013
JPMorgan BENJAMIN X. WILSON overweight 5 M 2 9 month 26.02.2013
Commonwealth Bank LUKE SMITH overweight 5 M 2 12 month 26.02.2013
Wilson HTM Investment Group JOHN YOUNG hold 3 M 1 Not Provided 12.02.2013
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 11.02.2013
Goldman Sachs MARK WISEMAN Buy/Neutral 5 U 2 12 month 01.02.2013
Credit Suisse JAMES REDFERN restricted #N/A N/A M #N/A N/A Not Provided 31.01.2013
Macquarie KIRIT HIRA outperform 5 M 2 12 month 30.01.2013
BBY Limited SCOTT ASHTON strong buy 5 M 2 12 month 17.09.2012
Nomura RICHARD J JOHNSON suspended coverage #N/A N/A M #N/A N/A Not Provided 29.04.2012
Evans & Partners Pty Ltd MICHAEL HAWKINS Positive 4 N #N/A N/A Not Provided 22.11.2010
Holdings By:
AWE Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sundance Resources Limited is an Australian-based exploration company focused
on mining interests in the Republic of Cameroon (on the west coast of Africa).
The Company currently explores for iron ore.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.04.2012) 0.49
52-Week Low (20.02.2013) 0.26
Daily Volume
0.29
52-Week High % Change -40.82% Dividend Yield 0.00
52-Week Low % Change 11.54% Beta 0.82
% 52 Week Price Range High/Low 10.87% Equity Float 2'616.96
Shares Out 31.01.2013 3'072.1 Short Int -
890.91 1 Yr Total Return -29.27%
Total Debt 0.00 YTD Return -21.62%
Preferred Stock 0.0 Adjusted BETA 0.819
Minority Interest (8.2) Analyst Recs 1
Cash and Equivalents 59.07 Consensus Rating 5.000
Enterprise Value 823.60
Average Volume 5 Day 8'926'582
SDL AT EQUITY YTD Change - Average Volume 30 Day 7'062'639
SDL AT EQUITY YTD % CHANGE - Average Volume 3 Month 9'308'761
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
0.0 0.0 0.0 0.0 0.0 - - - - - -
- - - - - - - - - - -
(13.0) (11.3) (10.0) (21.9) (25.1) - - - - - -
- - - - - - - - - - -
(8.7) (13.7) (9.9) (20.2) (23.1) - - (7.0) (6.0) - -
- - - - - - - - - - -
EBITDA -25.08 Long-Term Rating Date -
EBIT -27.80 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -10.22% Short-Term Rating -
Return on Common Equity -10.16%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 12.22 Net Fixed Asset Turnover 0.00
Quick Ratio 11.25 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Sundance Resources LtdPrice/Volume
Valuation Analysis
4'879'312.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
----------.
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SICHUAN HANLONG GRP n/a EXCH 433'791'352 14.12 (87'166'356) 05.12.2012 Corporation
DEUTSCHE BANK AG n/a EXCH 238'861'566 7.78 (30'700'499) 20.12.2012 Investment Advisor
CREDIT SUISSE AG n/a EXCH 171'164'525 5.57 29'320'762 15.11.2012 Investment Advisor
UBS n/a ULT-AGG 134'382'961 4.37 (28'023'371) 04.10.2012 Unclassified
WATER ISLAND CAPITAL Multiple Portfolios MF-AGG 125'230'229 4.08 63'305'913 30.11.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 33'000'000 1.07 - 31.10.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 26'412'694 0.86 603'756 31.12.2012 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 23'724'000 0.77 - 30.06.2012 Mutual Fund Manager
JONES GEORGE FRANCIS n/a Co File 16'062'500 0.52 - 24.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 13'854'396 0.45 1'630'211 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 9'947'617 0.32 - 31.07.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 5'907'695 0.19 3'178'717 31.08.2011 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 5'725'095 0.19 - 30.11.2012 Investment Advisor
CASELLO GIULIO n/a Co File 5'300'000 0.17 2'650'000 05.11.2012 n/a
BLACKROCK n/a ULT-AGG 5'181'402 0.17 - 25.02.2013 Investment Advisor
TRANSAMERICA INVESTM Multiple Portfolios MF-AGG 5'070'903 0.17 48'715 31.12.2012 Investment Advisor
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 4'116'332 0.13 323'762 31.12.2012 Investment Advisor
LITMAN/GREGORY FUND Multiple Portfolios MF-AGG 2'319'203 0.08 1'304'824 30.06.2012 Investment Advisor
STATE STREET n/a ULT-AGG 1'317'293 0.04 - 25.02.2013 Investment Advisor
RAB CAPITAL PLC Multiple Portfolios MF-AGG 1'314'328 0.04 - 31.05.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
GMP MATHEW FERNLEY tender #N/A N/A M 0 12 month 11.02.2013
VSA Capital Ltd CHARLIE LONG not rated #N/A N/A M #N/A N/A Not Provided 04.12.2012
Renaissance Capital JIM TAYLOR buy 5 M 0 12 month 28.08.2012
Bell Potter FLEUR GROSE buy 5 M 1 12 month 16.02.2012
Holdings By:
Sundance Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
GWA Group Ltd. manufactures building fittings for households and commercial
premises. The Company designs, manufactures, imports and distributes domestic
and commercial bathroom, kitchen and laundry products, manufactures and imports
hot water and ducted heating and cooling systems, and designs, manufactures,
imports and distributes door hardware and fittings and garage doors and openers.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 2.71
52-Week Low (21.11.2012) 1.58
Daily Volume
2.5
52-Week High % Change -7.75% Dividend Yield -
52-Week Low % Change 58.73% Beta 0.96
% 52 Week Price Range High/Low 80.62% Equity Float 272.15
Shares Out 25.02.2013 304.7 Short Int -
761.77 1 Yr Total Return 14.86%
Total Debt 205.00 YTD Return 8.70%
Preferred Stock 0.0 Adjusted BETA 0.959
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 30.53 Consensus Rating 2.615
Enterprise Value 954.48
Average Volume 5 Day 1'469'990
GWA AT EQUITY YTD Change - Average Volume 30 Day 1'156'130
GWA AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'058'441
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
648.9 613.0 656.8 641.6 602.1 - - 582.6 615.3 - -
1.38x 1.37x 1.65x 1.60x 1.34x - - 1.61x 1.50x - -
85.6 101.8 108.1 119.6 91.7 - - 89.1 100.7 - -
10.45x 8.26x 10.01x 8.59x 8.82x - - 10.71x 9.48x - -
45.9 48.3 48.5 63.4 39.7 - - 41.3 49.0 - -
15.24x 13.63x 16.29x 14.04x 13.72x - - 18.52x 15.72x - -
EBITDA 91.73 Long-Term Rating Date -
EBIT 72.51 Long-Term Rating -
Operating Margin 12.04% Long-Term Outlook -
Pretax Margin 9.60% Short-Term Rating Date -
Return on Assets 5.50% Short-Term Rating -
Return on Common Equity 9.92%
Return on Capital - EBITDA/Interest Exp. 8.54
Asset Turnover 0.75% (EBITDA-Capex)/Interest Exp. 6.56
Net Debt/EBITDA -
Gross Margin 36.1% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 9.2% Total Debt/Equity 48.0%
Net Income Margin 6.6% Total Debt/Capital 32.4%
Asset Turnover 0.75
Current Ratio 2.36 Net Fixed Asset Turnover 4.91
Quick Ratio 1.14 Accounts receivable turnover-days 64.44
Debt to Assets 27.39% Inventory Days 96.35
Tot Debt to Common Equity 48.01% Accounts Payable Turnover Day 69.33
Accounts Receivable Turnover 5.68 Cash Conversion Cycle 101.18
Inventory Turnover 3.80
Fiscal Year Ended
GWA Group LtdPrice/Volume
Valuation Analysis
1'314'574.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
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0
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100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ELLERSTON CAPITAL LT n/a EXCH 21'421'668 7.03 4'213'385 06.02.2013 Corporation
HGT INVESTMENTS PTY n/a Co File 18'410'000 6.04 - 13.08.2012 Holding Company
COMMONWEALTH BANK OF n/a EXCH 14'700'818 4.82 (500'000) 21.11.2011 Bank
ANDERSON ROBERT M n/a Co File 8'418'442 2.76 - 14.08.2012 n/a
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 6'681'000 2.19 - 29.06.2012 Investment Advisor
BARRY DAVID RICHARD n/a EXCH 3'553'830 1.17 - 28.10.2010 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'825'744 0.93 73'754 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'942'349 0.64 102'938 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'558'393 0.51 - 31.07.2012 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 1'087'105 0.36 283'500 28.01.2013 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'043'094 0.34 - 30.06.2011 Investment Advisor
CROWLEY PETER C n/a EXCH 902'500 0.3 152'500 28.08.2012 n/a
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 665'757 0.22 - 25.02.2013 Investment Advisor
SAXELBY WARREN R n/a Co File 350'000 0.11 - 30.06.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 272'172 0.09 76'548 31.08.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 269'313 0.09 (415) 25.02.2013 Investment Advisor
STATE STREET n/a ULT-AGG 232'713 0.08 - 26.02.2013 Investment Advisor
PATTERSON L n/a Co File 227'500 0.07 - 30.06.2012 n/a
OLIVER GEOFF n/a Co File 202'407 0.07 - 30.06.2012 n/a
MCGRATH GEOFFREY JAM n/a Co File 150'000 0.05 - 14.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Ord Minnett JAMES LENNON hold 3 M 2 Not Provided 22.02.2013
Macquarie CAMERON PIERCE neutral 3 M 2 12 month 21.02.2013
CIMB JULIAN GUIDO outperform 5 M 3 12 month 21.02.2013
Moelis & Company TODD W GUYOT hold 3 M 3 12 month 21.02.2013
Goldman Sachs JIM GODSIL neutral/neutral 3 M 2 12 month 20.02.2013
Commonwealth Bank JORDAN ROGERS underweight 1 D 2 12 month 20.02.2013
Nomura DANIEL PORTER reduce 2 M 2 Not Provided 20.02.2013
Credit Suisse ANDREW PEROS neutral 3 M 2 Not Provided 18.02.2013
Bell Potter JONATHAN SNAPE buy 5 M 3 12 month 29.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Deutsche Bank JOHN HYND sell 1 M 2 12 month 17.12.2012
Holdings By:
GWA Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Wotif.com Holdings Ltd. provides online travel services. The Company, via its
website offers last-minute travel accomodation. Wotif.com's portfolio includes
hotels, motels, serviced apartments, resorts, guesthouses, and bed & breakfasts.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 6.04
52-Week Low (28.09.2012) 3.84
Daily Volume
5.37
52-Week High % Change -11.09% Dividend Yield 4.66
52-Week Low % Change 39.84% Beta 0.67
% 52 Week Price Range High/Low 90.91% Equity Float 112.51
Shares Out 03.12.2012 211.7 Short Int -
1'137.02 1 Yr Total Return 26.20%
Total Debt 0.11 YTD Return 1.90%
Preferred Stock 0.0 Adjusted BETA 0.670
Minority Interest 0.0 Analyst Recs 19
Cash and Equivalents 140.87 Consensus Rating 2.684
Enterprise Value 996.26
Average Volume 5 Day 396'737
WTF AT EQUITY YTD Change - Average Volume 30 Day 590'890
WTF AT EQUITY YTD % CHANGE - Average Volume 3 Month 605'098
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
89.0 118.8 133.2 134.2 139.7 - - 149.3 164.9 - -
5.92x 7.39x 7.72x 6.39x 5.37x - - 6.64x 5.91x - -
50.5 66.6 77.5 74.0 80.6 - - 86.8 96.9 - -
10.45x 13.17x 13.27x 11.58x 9.31x - - 11.48x 10.28x - -
34.5 43.5 53.0 51.0 58.0 - - 60.9 67.4 - -
16.78x 22.48x 21.31x 19.39x 15.35x - - 18.71x 16.89x - -
EBITDA 80.63 Long-Term Rating Date -
EBIT 75.63 Long-Term Rating -
Operating Margin 54.13% Long-Term Outlook -
Pretax Margin 58.17% Short-Term Rating Date -
Return on Assets 22.24% Short-Term Rating -
Return on Common Equity 62.03%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.54% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -1.75
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin 57.7%
EBIT Margin 54.1% Total Debt/Equity 0.1%
Net Income Margin 41.5% Total Debt/Capital 0.1%
Asset Turnover 0.54
Current Ratio 0.90 Net Fixed Asset Turnover 6.42
Quick Ratio 0.89 Accounts receivable turnover-days 14.30
Debt to Assets 0.04% Inventory Days -
Tot Debt to Common Equity 0.11% Accounts Payable Turnover Day -
Accounts Receivable Turnover 25.59 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Wotif.com Holdings LtdPrice/Volume
Valuation Analysis
1'860'779.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
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0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
5&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WOOD GRAEME THOMAS n/a EXCH 43'861'000 20.71 (2'000'000) 10.12.2012 n/a
BRICE ROBERT ANDREW n/a EXCH 33'000'000 15.59 (1'000'000) 06.11.2012 n/a
HYPERION ASSET MANAG n/a Co File 23'820'832 11.25 - 01.08.2012 Investment Advisor
FMR LLC n/a ULT-AGG 11'500'729 5.43 (2'843'322) 26.06.2012 Investment Advisor
PARADICE INVESTMENT n/a EXCH 10'816'168 5.11 - 20.11.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 10'583'954 5 (215'579) 09.08.2012 Bank
SUMITOMO MITSUI TRUS n/a ULT-AGG 10'253'307 4.84 (357'886) 20.11.2012 Bank
INVESCO LTD Multiple Portfolios MF-AGG 1'378'525 0.65 1'378'525 31.08.2012 Investment Advisor
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 1'151'201 0.54 - 31.12.2010 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'148'047 0.54 39'955 31.12.2012 Investment Advisor
PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 933'601 0.44 (122'424) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 855'368 0.4 38'760 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 640'475 0.3 - 31.07.2012 Investment Advisor
MCILWAIN RICHARD DOU n/a Co File 575'000 0.27 - 22.08.2012 n/a
COOKE ROBERT MICHAEL n/a EXCH 500'000 0.24 - 11.01.2013 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 447'898 0.21 233'581 31.12.2012 Investment Advisor
DEGROOF GESTION INST Multiple Portfolios MF-AGG 406'000 0.19 46'000 31.12.2012 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 363'066 0.17 - 28.09.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 280'648 0.13 - 25.02.2013 Investment Advisor
FORWARD MANAGEMENT L Multiple Portfolios MF-AGG 235'956 0.11 12'997 30.11.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Moelis & Company TODD W GUYOT hold 3 M 5 12 month 28.02.2013
Goldman Sachs MIKE YOUNGER Sell/Neutral 1 D 5 12 month 27.02.2013
BBY Limited MARK MCDONNELL underperform 1 M 5 12 month 27.02.2013
Ord Minnett NICHOLAS MCGARRIGLE lighten 2 M 5 Not Provided 25.02.2013
RBS Morgans JOSEPHINE LITTLE outperform 5 N 5 12 month 18.02.2013
JPMorgan ARMINA SOEMINO neutral 3 M 5 9 month 11.02.2013
Credit Suisse PAUL BUYS neutral 3 D 6 Not Provided 01.02.2013
Wilson HTM Investment Group ANDREW DALZIEL sell 1 D 4 Not Provided 30.01.2013
Macquarie ADAM SIMPSON neutral 3 M 5 12 month 29.01.2013
Morgan Stanley JAMES BALES Overwt/In-Line 5 M 6 12 month 21.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
CIMB TIM PLUMBE outperform 5 U 5 12 month 30.11.2012
Bell Potter JOHN O'SHEA sell 1 M 4 12 month 19.11.2012
Commonwealth Bank NICK MACLEAN overweight 5 M 6 12 month 09.11.2012
Deutsche Bank DOMINIC ROSE hold 3 M 4 12 month 22.10.2012
Evans & Partners Pty Ltd PETER STAMOULIS negative 2 D #N/A N/A Not Provided 27.03.2012
Shaw Stockbroking SCOTT MARSHALL buy 5 M #N/A N/A Not Provided 26.08.2011
Holdings By:
Wotif.com Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Skilled Group Limited provides contract labor services to various industries,
commerce and government agencies. The Company supplies skilled tradesmen and
professionals in industries including engineering, drafting, nursing and
maintenance. The Company's employees are supplied to clients for hourly hire or
for contract fees.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (21.02.2013) 3.42
52-Week Low (27.02.2012) 2.07
Daily Volume
3.38
52-Week High % Change -1.17% Dividend Yield 4.44
52-Week Low % Change 63.29% Beta 0.90
% 52 Week Price Range High/Low 98.52% Equity Float 204.31
Shares Out 31.12.2012 233.5 Short Int -
789.19 1 Yr Total Return 66.25%
Total Debt 38.62 YTD Return 31.01%
Preferred Stock 0.0 Adjusted BETA 0.899
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 11.22 Consensus Rating 4.556
Enterprise Value 856.29
Average Volume 5 Day 1'052'299
SKE AT EQUITY YTD Change - Average Volume 30 Day 946'978
SKE AT EQUITY YTD % CHANGE - Average Volume 3 Month 858'150
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
1'929.5 1'943.3 1'698.0 1'819.8 1'890.0 - - 1'953.8 2'024.9 - -
0.32x 0.21x 0.23x 0.34x 0.31x - - 0.41x 0.39x - -
94.2 86.1 60.7 74.9 81.3 - - 96.9 103.4 - -
6.49x 4.76x 6.45x 8.26x 7.15x - - 8.83x 8.28x - -
39.3 28.3 12.7 3.1 49.3 - - 58.5 63.6 - -
8.70x 5.32x 14.92x 63.28x 12.32x - - 13.52x 12.47x - -
EBITDA 81.25 Long-Term Rating Date -
EBIT 67.20 Long-Term Rating -
Operating Margin 3.56% Long-Term Outlook -
Pretax Margin 3.42% Short-Term Rating Date -
Return on Assets 7.72% Short-Term Rating -
Return on Common Equity 11.63%
Return on Capital 10.65% EBITDA/Interest Exp. 10.15
Asset Turnover 2.87% (EBITDA-Capex)/Interest Exp. 9.83
Net Debt/EBITDA 0.80
Gross Margin - Total Debt/EBITDA 0.82
EBITDA Margin 4.4%
EBIT Margin 3.8% Total Debt/Equity 8.6%
Net Income Margin 2.6% Total Debt/Capital 7.9%
Asset Turnover 2.87
Current Ratio 1.37 Net Fixed Asset Turnover 146.76
Quick Ratio 1.29 Accounts receivable turnover-days 43.95
Debt to Assets 5.60% Inventory Days -
Tot Debt to Common Equity 8.62% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.33 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Skilled Group LtdPrice/Volume
Valuation Analysis
540'255.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
0
1
1
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0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HARGRAVE GREGORY M n/a EXCH 27'520'731 11.79 (2'637'905) 21.02.2013 n/a
THORNEY HOLDINGS PTY n/a EXCH 19'000'000 8.14 (2'700'000) 21.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 14'518'272 6.22 2'370'992 13.12.2012 Bank
INVESCO AUSTRALIA LT n/a EXCH 14'296'852 6.12 - 26.09.2012 Investment Advisor
ALLAN GRAY AUSTRALIA n/a EXCH 12'699'275 5.44 - 05.09.2012 Investment Advisor
UBS n/a ULT-AGG 11'921'617 5.11 110'177 19.10.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'581'481 0.68 (160'314) 31.12.2012 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 1'341'510 0.57 - 31.01.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'338'393 0.57 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'100'869 0.47 1'092'588 30.09.2012 Mutual Fund Manager
MCMAHON MICHAEL P n/a EXCH 667'501 0.29 - 30.11.2012 n/a
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 428'302 0.18 428'302 31.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 340'098 0.15 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 202'167 0.09 36'328 31.08.2011 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 198'789 0.09 (2'769) 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 173'101 0.07 - 25.02.2013 Investment Advisor
LOUGHNAN KENNETH VIN n/a EXCH 170'496 0.07 - 25.10.2010 n/a
DIXON JOHN BRENTON n/a EXCH 167'500 0.07 - 01.12.2010 n/a
PRUDENTIAL FINANCIAL n/a ULT-AGG 152'884 0.07 - 31.12.2012 Investment Advisor
MCFADDEN VICKKI ANNE n/a Co File 126'885 0.05 - 22.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Moelis & Company TODD W GUYOT buy 5 U 4 12 month 14.02.2013
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 14.02.2013
Deutsche Bank WASSIM KISIRWANI buy 5 U 4 12 month 13.02.2013
Goldman Sachs WILL CHARLSTON neutral/neutral 3 M 3 12 month 13.02.2013
Credit Suisse PAUL BUYS outperform 5 M 3 Not Provided 13.02.2013
Macquarie JODIE BANNAN outperform 5 M 3 12 month 13.02.2013
CIMB JULIAN GUIDO outperform 5 M 3 12 month 13.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY buy 5 M 4 Not Provided 13.02.2013
E.L. & C. Baillieu NICOLAS BURGESS hold 3 N 3 12 month 18.12.2012
Bell Potter JUSTIN HILFORD Under Review #N/A N/A M #N/A N/A Not Provided 02.11.2011
Holdings By:
Skilled Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Telecom Corporation of New Zealand Limited provides telecommunications services
by offering local, national and international telephone services to households
and businesses. Telecom's other services include leased circuits, data
communications, directories, cellular, paging and Internet related services and
solutions.
Latest Fiscal Year: 06/2012
LTM as of: 12/yy
52-Week High (15.08.2012) 2.20
52-Week Low (29.02.2012) 1.66
Daily Volume
1.91
52-Week High % Change -13.18% Dividend Yield -
52-Week Low % Change 15.41% Beta 0.35
% 52 Week Price Range High/Low 43.12% Equity Float 1'811.99
Shares Out 19.02.2013 1'817.0 Short Int -
3'470.46 1 Yr Total Return 23.52%
Total Debt 1'012.00 YTD Return 6.70%
Preferred Stock 0.0 Adjusted BETA 0.349
Minority Interest 5.0 Analyst Recs 13
Cash and Equivalents 185.00 Consensus Rating 2.692
Enterprise Value 5'195.29
Average Volume 5 Day 3'322'865
TEL AT EQUITY YTD Change - Average Volume 30 Day 2'415'874
TEL AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'666'911
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 12/yy 12/yy 06/13 Y 06/14 Y 03/12 Q3 06/12 Q4
4'997.0 5'340.0 5'029.0 4'888.0 4'464.0 5'181.0 4'971.0 4'244.2 4'172.2 - -
1.71x 1.40x 1.12x 1.33x 1.18x 5.47x 4.78x 1.22x 1.23x - -
1'746.0 1'630.0 1'635.0 1'289.0 1'191.0 1'630.0 1'620.0 1'044.9 1'041.5 - -
4.89x 4.60x 3.44x 5.05x 4.42x 4.25x 3.79x 4.97x 4.99x - -
710.0 398.0 380.0 164.0 1'155.0 478.0 302.0 329.8 335.5 - -
- - - - - 0.00x 0.00x 13.13x 12.70x - -
EBITDA 1'191.00 Long-Term Rating Date 11.11.2011
EBIT 510.00 Long-Term Rating A-
Operating Margin 11.42% Long-Term Outlook STABLE
Pretax Margin 9.48% Short-Term Rating Date 11.11.2011
Return on Assets 4.50% Short-Term Rating A-2
Return on Common Equity 11.86%
Return on Capital 8.14% EBITDA/Interest Exp. 13.53
Asset Turnover 0.74% (EBITDA-Capex)/Interest Exp. 6.00
Net Debt/EBITDA 1.21
Gross Margin - Total Debt/EBITDA 1.44
EBITDA Margin 32.6%
EBIT Margin 11.4% Total Debt/Equity 62.4%
Net Income Margin 25.9% Total Debt/Capital 38.4%
Asset Turnover 0.74
Current Ratio 0.81 Net Fixed Asset Turnover 1.18
Quick Ratio 0.49 Accounts receivable turnover-days 52.39
Debt to Assets 27.60% Inventory Days -
Tot Debt to Common Equity 62.43% Accounts Payable Turnover Day -
Accounts Receivable Turnover 6.97 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Telecom Corp of New Zealand LtdPrice/Volume
Valuation Analysis
3'271'644.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
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0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JP MORGAN CHASE BANK n/a Co File 195'789'071 10.78 - 13.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 128'978'201 7.1 - 25.02.2013 Investment Advisor
AMP CAPITAL INVESTOR n/a Co File 109'981'249 6.05 - 30.06.2012 Other
LAZARD ASSET MANAGEM n/a ULT-AGG 95'859'000 5.28 (4'026'198) 22.08.2011 Unclassified
AXA n/a EXCH 95'311'702 5.25 - 20.07.2011 Investment Advisor
SCHRODER INVESTMENT n/a EXCH 91'743'368 5.05 (23'944'661) 16.02.2012 Investment Advisor
ACCIDENT COMPENSATIO n/a Research 76'403'764 4.2 - 16.11.2012 Insurance Company
NEW ZEALAND SUP FUND n/a Co File 46'871'583 2.58 - 13.08.2012 n/a
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 42'813'625 2.36 141'700 25.02.2013 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 33'604'032 1.85 174'409 31.12.2012 Investment Advisor
ONEPATH (NZ) LIMITED n/a Research 30'055'469 1.65 - 16.11.2012 Insurance Company
COLUMBIA WANGER ASSE Multiple Portfolios MF-AGG 14'081'042 0.77 (526'000) 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 14'048'536 0.77 (179'805) 31.12.2012 Unclassified
FMR LLC n/a ULT-AGG 13'743'105 0.76 10'780'451 31.12.2012 Investment Advisor
WESTPAC NZ SHR 2002 n/a Co File 11'703'185 0.64 - 13.08.2012 Bank
INVESCO LTD Multiple Portfolios MF-AGG 11'154'767 0.61 1'703'026 26.02.2013 Investment Advisor
HENDERSON GLOBAL INV Multiple Portfolios MF-AGG 11'142'583 0.61 - 31.12.2012 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 8'155'405 0.45 (214'692) 31.05.2012 Investment Advisor
ALLIANZ ASSET MANAGE n/a ULT-AGG 7'852'117 0.43 137'972 31.01.2013 Investment Advisor
PRINCIPAL FINANCIAL n/a ULT-AGG 7'017'929 0.39 (68'962) 31.01.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank ARIE DEKKER hold 3 M 2 12 month 25.02.2013
Forsyth Barr JEREMY SIMPSON hold 3 M 2 12 month 25.02.2013
Goldman Sachs ADRIAN ALLBON neutral/neutral 3 M 2 12 month 22.02.2013
JPMorgan PAUL BRUNKER underweight 1 M 2 12 month 22.02.2013
Macquarie ANDREW LEVY neutral 3 M 2 12 month 22.02.2013
CIMB IAN MARTIN underperform 1 M 2 12 month 22.02.2013
Commonwealth Bank NATHAN BURLEY underweight 1 M 2 12 month 22.02.2013
First NZ Capital GREG MAIN neutral 3 M 2 Not Provided 22.02.2013
EVA Dimensions ANDREW S ZAMFOTIS buy 5 U #N/A N/A Not Provided 20.02.2013
Holdings By:
Telecom Corp of New Zealand Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sandfire Resources NL is a precious and base metals exploration company
operating in Australia. The Company explores for gold, copper, zinc and silver
in Western Australia. The Company's projects include the Sandfire Project,
Urandy Project, Yannarie Project, Mount Augustine Project, Doolgunna Project
and Borroloola Project
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (03.01.2013) 9.09
52-Week Low (27.06.2012) 6.62
Daily Volume
6.92
52-Week High % Change -23.87% Dividend Yield 0.00
52-Week Low % Change 4.53% Beta 1.37
% 52 Week Price Range High/Low 22.27% Equity Float 93.99
Shares Out 21.01.2013 153.6 Short Int -
1'062.85 1 Yr Total Return -15.40%
Total Debt 345.17 YTD Return -19.81%
Preferred Stock 0.0 Adjusted BETA 1.372
Minority Interest 0.0 Analyst Recs 15
Cash and Equivalents 100.39 Consensus Rating 3.000
Enterprise Value 1'307.63
Average Volume 5 Day 784'982
SFR AT EQUITY YTD Change - Average Volume 30 Day 500'226
SFR AT EQUITY YTD % CHANGE - Average Volume 3 Month 430'640
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - 0.0 20.7 - - 567.5 642.9 - -
- - - - 64.19x - - 2.11x 1.50x - -
(5.6) (5.5) (30.1) (60.5) (28.0) - - 286.9 365.3 - -
- - - - - - - 4.56x 3.58x - -
(5.4) (5.1) (29.5) (27.1) (23.9) - - 158.7 200.5 - -
- - - - - - - 6.69x 5.29x - -
EBITDA -28.04 Long-Term Rating Date -
EBIT -32.56 Long-Term Rating -
Operating Margin -157.43% Long-Term Outlook -
Pretax Margin -157.42% Short-Term Rating Date -
Return on Assets -6.80% Short-Term Rating -
Return on Common Equity -18.68%
Return on Capital - EBITDA/Interest Exp. -250.35
Asset Turnover 0.06% (EBITDA-Capex)/Interest Exp. -1558.33
Net Debt/EBITDA -
Gross Margin 87.7% Total Debt/EBITDA -12.31
EBITDA Margin -135.6%
EBIT Margin -157.4% Total Debt/Equity 294.4%
Net Income Margin -115.5% Total Debt/Capital 74.6%
Asset Turnover 0.06
Current Ratio 0.80 Net Fixed Asset Turnover 0.10
Quick Ratio 0.71 Accounts receivable turnover-days 21.07
Debt to Assets 65.17% Inventory Days -
Tot Debt to Common Equity 294.42% Accounts Payable Turnover Day -
Accounts Receivable Turnover 17.37 Cash Conversion Cycle -795.06
Inventory Turnover -
Fiscal Year Ended
Sandfire Resources NLPrice/Volume
Valuation Analysis
703'337.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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0.0
5.0
10.0
15.0
20.0
25.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
OZ MINERALS LTD n/a Co File 29'915'090 19.48 - 02.10.2012 Corporation
POSCO AUSTRALIA PTY n/a Co File 23'696'338 15.43 - 02.10.2012 Corporation
FRANKLIN RESOURCES n/a ULT-AGG 11'951'142 7.78 293'610 31.12.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 7'946'771 5.17 - 06.02.2013 Bank
PARADICE INVESTMENT n/a EXCH 7'663'891 4.99 - 15.10.2012 Investment Advisor
SIMICH KARL MATTHEW n/a EXCH 5'209'735 3.39 800'000 20.12.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'037'661 0.68 2'100 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 1'021'600 0.67 9'000 31.12.2012 Unclassified
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 839'007 0.55 (18'719) 31.10.2012 Unclassified
EVANS WILLIAM JOHN n/a Co File 725'215 0.47 - 17.09.2012 n/a
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 666'000 0.43 - 30.06.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 532'201 0.35 13'867 31.10.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 499'656 0.33 (3'865) 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 398'995 0.26 - 31.07.2012 Investment Advisor
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 345'399 0.22 - 30.06.2012 Mutual Fund Manager
CANADA LIFE MANAGMEN Multiple Portfolios MF-AGG 249'000 0.16 - 30.04.2012 Investment Advisor
CIBC GLOBAL ASSET MA Multiple Portfolios MF-AGG 243'344 0.16 - 30.06.2012 Investment Advisor
TOKIO MARINE ASSET M Multiple Portfolios MF-AGG 140'000 0.09 40'000 20.06.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 130'950 0.09 - 25.02.2013 Investment Advisor
OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 120'000 0.08 - 31.10.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs IAN PRESTON neutral/attractive 3 M 7 12 month 26.02.2013
CIMB PHILLIP CHIPPINDALE outperform 5 M 8 12 month 01.02.2013
Macquarie ANDREW SULLIVAN neutral 3 M 8 12 month 31.01.2013
Blackswan Equities Ltd MARK SAVICH hold 3 N 8 12 month 29.01.2013
Deutsche Bank BRETT MCKAY hold 3 M 8 12 month 25.01.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 8 12 month 24.01.2013
Credit Suisse MICHAEL SLIFIRSKI underperform 1 M 8 Not Provided 24.01.2013
JPMorgan JOSEPH KIM underweight 1 M 7 9 month 24.01.2013
Paterson Securities SIMON TONKIN buy 5 M 10 12 month 24.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Evans & Partners Pty Ltd CATHY MOISES neutral 3 D #N/A N/A Not Provided 02.11.2012
Canaccord Genuity Corp JEAN-FRANCOIS BERTINCOURT buy 5 N #N/A N/A Not Provided 28.09.2012
Bell Potter STUART HOWE hold 3 D 8 12 month 27.09.2012
Holdings By:
Sandfire Resources NL ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
St. Barbara Limited is a gold exploration and production company. The Company's
exploration projects include its Southern Cross and Leonora Operations which
are located in Western Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (18.10.2012) 2.40
52-Week Low (21.02.2013) 1.22
Daily Volume
1.32
52-Week High % Change -45.00% Dividend Yield 0.00
52-Week Low % Change 8.64% Beta 1.25
% 52 Week Price Range High/Low 10.55% Equity Float 486.39
Shares Out 31.12.2012 488.1 Short Int -
644.26 1 Yr Total Return -41.07%
Total Debt 4.26 YTD Return -8.65%
Preferred Stock 0.0 Adjusted BETA 1.249
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 185.40 Consensus Rating 4.500
Enterprise Value 795.01
Average Volume 5 Day 2'645'801
SBM AT EQUITY YTD Change - Average Volume 30 Day 2'603'637
SBM AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'437'162
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
143.1 281.1 296.8 359.6 541.2 - - 567.4 653.8 - -
3.41x 1.33x 2.01x 1.58x 0.73x - - 1.11x 0.71x - -
(0.1) 50.3 77.2 109.3 224.1 - - 197.0 283.7 - -
- 7.42x 7.74x 5.21x 1.76x - - 4.04x 2.80x - -
(17.3) (76.3) (40.2) 68.6 130.2 - - 70.0 122.3 - -
- - - 9.29x 4.42x - - 7.46x 4.84x - -
EBITDA 224.06 Long-Term Rating Date -
EBIT 133.19 Long-Term Rating -
Operating Margin 24.61% Long-Term Outlook -
Pretax Margin 20.23% Short-Term Rating Date -
Return on Assets 9.10% Short-Term Rating -
Return on Common Equity 13.09%
Return on Capital - EBITDA/Interest Exp. 308.62
Asset Turnover 0.55% (EBITDA-Capex)/Interest Exp. 164.28
Net Debt/EBITDA 0.75
Gross Margin 50.3% Total Debt/EBITDA 1.08
EBITDA Margin 38.5%
EBIT Margin 21.0% Total Debt/Equity 0.8%
Net Income Margin 24.1% Total Debt/Capital 0.7%
Asset Turnover 0.55
Current Ratio 3.39 Net Fixed Asset Turnover 0.71
Quick Ratio 2.62 Accounts receivable turnover-days 13.29
Debt to Assets 0.62% Inventory Days 75.96
Tot Debt to Common Equity 0.75% Accounts Payable Turnover Day 69.88
Accounts Receivable Turnover 27.54 Cash Conversion Cycle -34.88
Inventory Turnover 4.82
Fiscal Year Ended
St Barbara LtdPrice/Volume
Valuation Analysis
1'038'967.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
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0-&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
M&G INVESTMENT MANAG n/a EXCH 93'372'398 19.13 - 14.02.2013 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 68'886'871 14.11 1 31.12.2012 Investment Advisor
VANGUARD GROUP INC n/a EXCH 60'536'881 12.4 9'536'881 29.01.2013 Investment Advisor
VAN ECK ASSOCIATES C n/a EXCH 38'851'254 7.96 12'768'675 21.09.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 36'277'592 7.43 - 25.02.2013 Investment Advisor
PARADICE INVESTMENT n/a EXCH 19'990'864 4.1 - 13.09.2012 Investment Advisor
UBS n/a ULT-AGG 16'608'948 3.4 512'340 06.09.2012 Unclassified
TRADEWINDS GLOBAL IN n/a EXCH 16'240'544 3.33 (1'270'413) 03.11.2011 Investment Advisor
DIMENSIONAL FUND ADV n/a RNS-RUL8 13'247'660 2.71 22'932 07.09.2012 Investment Advisor
STATE STREET n/a ULT-AGG 13'060'689 2.68 79'914 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 13'021'757 2.67 397'199 25.02.2013 Investment Advisor
FMR LLC n/a ULT-AGG 11'373'053 2.33 (56'807) 31.12.2012 Investment Advisor
LSV ASSET MANAGEMENT n/a RNS-RUL8 11'363'061 2.33 684'600 23.07.2012 Investment Advisor
RUFFER LLP Multiple Portfolios MF-AGG 9'109'342 1.87 9'109'342 28.09.2012 Hedge Fund Manager
COMMONWEALTH BANK OF n/a RNS-RUL8 8'897'062 1.82 - 31.08.2012 Bank
HUNTER HALL INVESTME n/a RNS-RUL8 7'754'662 1.59 (8'245'338) 12.07.2012 Investment Advisor
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 6'400'000 1.31 925'000 30.11.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 6'200'627 1.27 (682'151) 28.09.2012 Unclassified
JCP INVESTMENT PARTN n/a RNS-RUL8 6'032'951 1.24 (326'553) 09.08.2012 Investment Advisor
CENTAURUS CAPITAL LT n/a Short (5'746'460) -1.18 (506'570) 06.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs IAN PRESTON buy/attractive 5 M 1 12 month 26.02.2013
Macquarie MITCH RYAN outperform 5 M 2 12 month 22.02.2013
Canaccord Genuity Corp LUKE SMITH buy 5 M 2 12 month 22.02.2013
Deutsche Bank CHRIS TERRY buy 5 M 2 12 month 21.02.2013
RBC Capital Markets STEUART MCINTYRE outperform 5 M 2 12 month 21.02.2013
Bell Potter STEPHEN THOMAS buy 5 M 2 12 month 21.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
E.L. & C. Baillieu SOPHIE SPARTALIS buy 5 M 2 12 month 16.01.2013
Nomura DAVID RADCLYFFE neutral 3 M 2 Not Provided 24.12.2012
Ord Minnett DAVID BRENNAN buy 5 M 3 Not Provided 10.09.2012
Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 19.07.2012
Argonaut Securities Pty Ltd TROY IRVIN buy 5 U 3 Not Provided 18.06.2012
Holdings By:
St Barbara Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Evolution Mining Ltd is a gold exploration company with operations in Western
Australia. The Company owns the gold mines - Cracow, Edna May, Mt Rawdon and
Pajingo - and the Mt Carlton development project.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (23.10.2012) 2.14
52-Week Low (12.07.2012) 1.24
Daily Volume
1.4
52-Week High % Change -34.58% Dividend Yield 0.00
52-Week Low % Change 12.90% Beta 1.19
% 52 Week Price Range High/Low 18.89% Equity Float 463.14
Shares Out 31.12.2012 708.1 Short Int -
991.33 1 Yr Total Return -27.46%
Total Debt 35.85 YTD Return -18.13%
Preferred Stock 0.0 Adjusted BETA 1.193
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 141.78 Consensus Rating 4.563
Enterprise Value 1'026.41
Average Volume 5 Day 3'741'473
EVN AT EQUITY YTD Change - Average Volume 30 Day 2'757'117
EVN AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'995'147
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - 22.3 121.9 469.5 - - 661.5 787.4 - -
- - 13.04x 2.11x 2.00x - - 1.44x 1.04x - -
(2.3) (3.3) 2.9 29.7 190.4 - - 290.0 383.3 - -
- - 99.74x 8.65x 4.92x - - 3.54x 2.68x - -
(2.3) (3.3) 5.5 (2.3) 37.3 - - 100.5 156.3 - -
- - 41.35x - 20.77x - - 9.33x 6.45x - -
EBITDA 190.41 Long-Term Rating Date -
EBIT 95.24 Long-Term Rating -
Operating Margin 20.29% Long-Term Outlook -
Pretax Margin 14.16% Short-Term Rating Date -
Return on Assets 7.60% Short-Term Rating -
Return on Common Equity 9.11%
Return on Capital 9.13% EBITDA/Interest Exp. 27.52
Asset Turnover 0.50% (EBITDA-Capex)/Interest Exp. -3.81
Net Debt/EBITDA 0.16
Gross Margin 28.1% Total Debt/EBITDA 0.39
EBITDA Margin 33.6%
EBIT Margin 21.2% Total Debt/Equity 3.4%
Net Income Margin 7.9% Total Debt/Capital 3.3%
Asset Turnover 0.50
Current Ratio 1.60 Net Fixed Asset Turnover 0.63
Quick Ratio 1.17 Accounts receivable turnover-days 15.57
Debt to Assets 2.82% Inventory Days 40.32
Tot Debt to Common Equity 3.39% Accounts Payable Turnover Day 62.99
Accounts Receivable Turnover 23.51 Cash Conversion Cycle 6.10
Inventory Turnover 9.08
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Evolution Mining LtdPrice/Volume
Valuation Analysis
2'250'491.00
Current Price (2/dd/yy) Market Data
-
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50.0
100.0
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350.0
400.0
450.0
500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NEWCREST MINING LTD n/a Co File 231'082'631 32.63 - 17.09.2012 Corporation
VAN ECK ASSOCIATES C n/a Co File 43'595'715 6.16 - 17.09.2012 Investment Advisor
ALLAN GRAY AUSTRALIA n/a EXCH 37'213'436 5.26 - 15.02.2013 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 34'206'960 4.83 - 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 19'471'482 2.75 44'266 25.02.2013 Investment Advisor
RUFFER LLP Multiple Portfolios MF-AGG 14'405'000 2.03 - 28.09.2012 Hedge Fund Manager
BANK OF AMERICA CORP n/a EXCH 8'827'967 1.25 (414'122) 30.03.2011 Investment Advisor
KLEIN JACOB n/a EXCH 5'800'000 0.82 50'000 05.02.2013 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'813'345 0.68 38'907 31.12.2012 Investment Advisor
LB SWISS INVESTMENT Multiple Portfolios MF-AGG 4'500'000 0.64 - 31.12.2012 Mutual Fund Manager
FRANKLIN RESOURCES n/a ULT-AGG 4'050'000 0.57 - 31.12.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 4'000'000 0.56 - 30.12.2012 Investment Advisor
JJ HOLDINGS (VIC) PT n/a Co File 3'552'009 0.5 - 30.08.2012 Other
FMR LLC n/a ULT-AGG 2'810'705 0.4 (577'336) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'377'918 0.34 (18'512) 30.09.2012 Mutual Fund Manager
TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 2'066'326 0.29 1'908'826 30.09.2012 Hedge Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'004'428 0.28 - 31.07.2012 Investment Advisor
POLLOCK MURRAY G n/a EXCH 1'839'492 0.26 - 18.10.2011 n/a
LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 1'724'891 0.24 60'000 31.12.2012 Mutual Fund Manager
NESTOR INVESTMENT MA Multiple Portfolios MF-AGG 1'663'899 0.23 - 31.12.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY neutral/attractive 3 D 1 12 month 26.02.2013
Nomura DAVID COTTERELL buy 5 M 3 Not Provided 26.02.2013
BBY Limited KURT WORDEN strong buy 5 M 2 12 month 22.02.2013
Deutsche Bank CHRIS TERRY buy 5 M 2 12 month 21.02.2013
RBC Capital Markets GEOFF BREEN outperform 5 M 2 12 month 21.02.2013
Credit Suisse MICHAEL SLIFIRSKI outperform 5 U 2 Not Provided 21.02.2013
JPMorgan JOSEPH KIM neutral 3 M 1 12 month 21.02.2013
Macquarie MITCH RYAN outperform 5 M 2 12 month 21.02.2013
Paterson Securities MATTHEW TRIVETT buy 5 M 2 12 month 21.02.2013
EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 20.02.2013
Investec TIM GERRARD buy 5 M 2 12 month 30.01.2013
RBS Morgans JAMES WILSON outperform 5 N 2 12 month 27.11.2012
Ord Minnett DAVID BRENNAN buy 5 M #N/A N/A Not Provided 01.11.2012
Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 26.10.2012
Bell Potter CHRIS WHITEHEAD buy 5 M 2 12 month 06.03.2012
Hartleys PETER GRAY buy 5 M 2 Not Provided 02.02.2012
Holdings By:
Evolution Mining Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Acrux Limited is a specialty pharmaceutical company that develops a range of
healthcare products for the global market. The Company develops transdermal
drug delivery systems. The Company's products include hormone products for
women's health, anti-aging skin care and haircare products as well as veterinary
pharmaceutical products. The company is a Pooled Development Fund.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.06.2012) 4.77
52-Week Low (14.11.2012) 2.64
Daily Volume
3.98
52-Week High % Change -16.56% Dividend Yield 2.01
52-Week Low % Change 50.76% Beta 1.25
% 52 Week Price Range High/Low 61.50% Equity Float 133.15
Shares Out 31.12.2012 166.5 Short Int -
662.66 1 Yr Total Return 10.28%
Total Debt 0.00 YTD Return 39.65%
Preferred Stock 0.0 Adjusted BETA 1.246
Minority Interest 0.0 Analyst Recs 7
Cash and Equivalents 30.02 Consensus Rating 3.857
Enterprise Value 643.62
Average Volume 5 Day 1'021'576
ACR AT EQUITY YTD Change - Average Volume 30 Day 893'539
ACR AT EQUITY YTD % CHANGE - Average Volume 3 Month 742'586
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
4.5 1.3 54.9 89.6 8.8 - - 12.9 54.7 - -
35.59x 125.61x 4.23x 5.93x 76.08x - - 49.82x 11.51x - -
(6.4) (9.3) 48.8 81.0 3.4 - - 8.1 50.7 - -
- - 4.75x 6.56x 198.13x - - 79.19x 12.71x - -
(5.0) (7.7) 46.6 57.1 7.4 - - 6.3 37.9 - -
- - 6.22x 9.76x 94.59x - - 107.57x 17.77x - -
EBITDA 3.38 Long-Term Rating Date -
EBIT 3.03 Long-Term Rating -
Operating Margin 34.43% Long-Term Outlook -
Pretax Margin 55.88% Short-Term Rating Date -
Return on Assets 8.72% Short-Term Rating -
Return on Common Equity 9.57%
Return on Capital 9.57% EBITDA/Interest Exp. -
Asset Turnover 0.19% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -4.13
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin 48.1%
EBIT Margin 44.0% Total Debt/Equity 0.0%
Net Income Margin 84.0% Total Debt/Capital 0.0%
Asset Turnover 0.19
Current Ratio 18.04 Net Fixed Asset Turnover 101.88
Quick Ratio 17.20 Accounts receivable turnover-days 99.99
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 3.66 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Acrux LtdPrice/Volume
Valuation Analysis
603'161.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-..//001122
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70.0
80.0
90.0
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2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ELLERSTON CAPITAL LT n/a EXCH 16'630'037 9.99 2'392'868 06.02.2013 Corporation
WALKER GRP HLDGS PTY n/a EXCH 9'184'405 5.52 (1'507'830) 03.02.2011 Corporation
UBS n/a ULT-AGG 8'816'211 5.3 - 14.12.2012 Unclassified
FMR LLC n/a Co File 8'636'252 5.19 - 21.09.2012 Unclassified
AMP LTD n/a EXCH 8'408'716 5.05 245'057 12.02.2013 Insurance Company
PARADICE INVESTMENT n/a EXCH 8'142'693 4.89 (2'317'343) 27.08.2012 Investment Advisor
ALLAN GRAY AUSTRALIA n/a EXCH 7'988'240 4.8 (431'605) 12.02.2013 Investment Advisor
FINNIN BARRIE C n/a EXCH 3'212'398 1.93 - 31.08.2011 n/a
TREAGUS RICHARD n/a EXCH 2'077'495 1.25 - 29.06.2012 n/a
FMR LLC n/a ULT-AGG 1'678'902 1.01 517'465 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'485'782 0.89 - 31.12.2012 Investment Advisor
DOBINSON ROSS n/a Co File 1'372'593 0.82 - 30.06.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 829'333 0.5 (5'127) 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 812'484 0.49 - 31.07.2012 Investment Advisor
PARNCUTT BRUCE n/a EXCH 718'137 0.43 105'000 23.11.2012 n/a
BLACKROCK n/a ULT-AGG 303'938 0.18 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 178'698 0.11 (20'853) 31.08.2011 Investment Advisor
PILCHER JON n/a Co File 100'000 0.06 - 30.06.2012 n/a
WINDLE HENRY KENNETH n/a EXCH 45'127 0.03 - 30.04.2012 n/a
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 41'769 0.03 (12'063) 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura ZARA LYONS buy 5 M 5 Not Provided 26.02.2013
Wilson HTM Investment Group SHANE STOREY buy 5 M 4 Not Provided 21.02.2013
Macquarie AMRON D'SILVA underperform 1 M 3 12 month 19.02.2013
BBY Limited DENNIS HULME strong buy 5 M 5 12 month 18.02.2013
RBS Morgans SCOTT POWER outperform 5 M 4 12 month 12.02.2013
EVA Dimensions ANDREW S ZAMFOTIS sell 1 M #N/A N/A Not Provided 17.01.2013
Bell Potter STUART ROBERTS buy 5 M 6 12 month 24.08.2012
Holdings By:
Acrux Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Macquarie Atlas Roads Group manages toll roads. The Company operates toll
highways in the United Kingdom, France, and the United States.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (29.01.2013) 1.80
52-Week Low (03.08.2012) 1.24
Daily Volume
1.6
52-Week High % Change -11.11% Dividend Yield 0.00
52-Week Low % Change 29.03% Beta 0.90
% 52 Week Price Range High/Low 64.29% Equity Float 346.39
Shares Out 05.07.2012 478.4 Short Int -
765.49 1 Yr Total Return -2.44%
Total Debt 1'764.75 YTD Return -3.90%
Preferred Stock 0.0 Adjusted BETA 0.900
Minority Interest 0.0 Analyst Recs 11
Cash and Equivalents 56.11 Consensus Rating 3.000
Enterprise Value 2'515.34
Average Volume 5 Day 2'287'857
MQA AT EQUITY YTD Change - Average Volume 30 Day 1'098'776
MQA AT EQUITY YTD % CHANGE - Average Volume 3 Month 942'850
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
- - 94.7 87.5 89.6 - - 111.6 109.7 - -
- - 24.78x 26.70x - - - 24.95x 25.47x - -
- - 31.7 (85.2) - - - 71.7 74.9 - -
- - 74.15x - - - - 35.08x 33.58x - -
- - (142.5) (289.5) (124.4) - - (27.2) (20.6) - -
- - - - - - - - - - -
EBITDA -85.24 Long-Term Rating Date -
EBIT -115.80 Long-Term Rating -
Operating Margin -132.40% Long-Term Outlook -
Pretax Margin -351.89% Short-Term Rating Date -
Return on Assets -15.21% Short-Term Rating -
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. -0.83
Asset Turnover 0.05% (EBITDA-Capex)/Interest Exp. -0.85
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -49.24
EBITDA Margin -42.9%
EBIT Margin -78.8% Total Debt/Equity -
Net Income Margin -138.9% Total Debt/Capital 187.1%
Asset Turnover 0.05
Current Ratio 0.72 Net Fixed Asset Turnover 0.12
Quick Ratio 0.63 Accounts receivable turnover-days 25.17
Debt to Assets 108.27% Inventory Days -
Tot Debt to Common Equity - Accounts Payable Turnover Day -
Accounts Receivable Turnover 14.54 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Macquarie Atlas Roads GroupPrice/Volume
Valuation Analysis
714'293.00
Current Price (2/dd/yy) Market Data
---.....///
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0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MACQUARIE GROUP LTD n/a ULT-AGG 104'089'450 21.76 13'874'046 03.07.2012 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 64'629'673 13.51 - 29.02.2012 Unclassified
IOOF HOLDINGS LTD #N/A N/A EXCH 29'643'695 6.2 5'077'610 21.02.2013 Investment Advisor
GOLDMAN SACHS GROUP n/a EXCH 28'275'331 5.91 (4'993'802) 08.12.2011 Investment Advisor
DEUTSCHE BANK AG n/a EXCH 26'393'871 5.52 - 03.04.2012 Investment Advisor
ALLEN GLOBAL PARTNER n/a EXCH 22'896'435 4.79 - 02.02.2011 Other
PARADICE INVESTMENT n/a EXCH 22'190'921 4.64 (534'488) 22.08.2011 Investment Advisor
LAZARD GLOBAL ACTIVE Multiple Portfolios MF-AGG 4'532'469 0.95 (1) 31.01.2013 Investment Advisor
AUSTRALIAN REWARD IN n/a Co File 2'564'087 0.54 - 25.02.2011 Investment Advisor
TRENT PETER & CATHY n/a Co File 2'221'537 0.46 - 29.02.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'128'203 0.44 12'759 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'078'774 0.43 (14'216) 30.09.2012 Mutual Fund Manager
AMP LTD n/a Co File 1'894'217 0.4 - 29.02.2012 Insurance Company
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'715'038 0.36 - 31.07.2012 Investment Advisor
SMALLCO INVESTMENT M n/a Co File 1'562'835 0.33 - 29.02.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'402'926 0.29 19'236 25.02.2013 Investment Advisor
QUEENSLAND INVESTMEN n/a Co File 1'266'388 0.26 - 25.02.2011 Investment Advisor
OCTAVIAN ADVISORS LP n/a EXCH 721'034 0.15 - 03.04.2012 Hedge Fund Manager
MORGAN STANLEY n/a ULT-AGG 456'844 0.1 - 31.12.2012 Investment Advisor
FRANK RUSSELL TRUST Multiple Portfolios MF-AGG 318'313 0.07 136'731 31.05.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank CAMERON MCDONALD sell 1 D 2 12 month 22.02.2013
Morgan Stanley SCOTT KELLY Overwt/Cautious 5 M 2 12 month 22.02.2013
Goldman Sachs ANDREW MCCUSKER Sell/Neutral 1 M 1 12 month 22.02.2013
JPMorgan CAROLYN HOLMES neutral 3 D 2 12 month 22.02.2013
Macquarie IAN MYLES outperform 5 M 2 12 month 22.02.2013
CIMB MICHAEL NEWBOLD neutral 3 M 2 12 month 22.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
E.L. & C. Baillieu MATHAN SOMASUNDARAM hold 3 M 2 12 month 10.12.2012
Lonsec Ltd PETER GREEN buy 5 M 2 Not Provided 23.03.2012
Holdings By:
Macquarie Atlas Roads Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
M2 Telecommunications Group Ltd. is a diversified telecommunications
corporation focused exclusively on the small and medium sized enterprise market.
The Company offers a wide range of services, including fixed line voice,
broadband, digital call management systems, and mobile services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 4.54
52-Week Low (17.07.2012) 2.93
Daily Volume
4.46
52-Week High % Change -1.76% Dividend Yield -
52-Week Low % Change 52.22% Beta 0.87
% 52 Week Price Range High/Low 93.79% Equity Float 146.35
Shares Out 12.02.2013 158.0 Short Int -
704.75 1 Yr Total Return 43.04%
Total Debt 150.25 YTD Return 6.70%
Preferred Stock 0.0 Adjusted BETA 0.871
Minority Interest (0.1) Analyst Recs 13
Cash and Equivalents 24.96 Consensus Rating 3.615
Enterprise Value 820.60
Average Volume 5 Day 562'426
MTU AT EQUITY YTD Change - Average Volume 30 Day 402'353
MTU AT EQUITY YTD % CHANGE - Average Volume 3 Month 428'470
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
107.8 201.7 405.2 426.1 392.7 - - 622.3 648.1 - -
0.47x 0.43x 0.51x 0.99x 1.66x - - 1.30x 1.20x - -
8.8 13.1 31.2 47.3 54.1 - - 111.4 118.0 - -
5.68x 6.66x 6.64x 8.94x 12.03x - - 7.37x 6.95x - -
5.2 7.4 16.1 27.7 33.0 - - 53.6 59.2 - -
8.49x 8.16x 11.66x 14.54x 13.00x - - 13.12x 11.77x - -
EBITDA 54.13 Long-Term Rating Date -
EBIT 43.95 Long-Term Rating -
Operating Margin 11.19% Long-Term Outlook -
Pretax Margin 11.97% Short-Term Rating Date -
Return on Assets 12.13% Short-Term Rating -
Return on Common Equity 26.84%
Return on Capital 19.14% EBITDA/Interest Exp. 19.39
Asset Turnover 1.52% (EBITDA-Capex)/Interest Exp. 18.81
Net Debt/EBITDA 1.41
Gross Margin 32.5% Total Debt/EBITDA 1.77
EBITDA Margin 16.1%
EBIT Margin 12.1% Total Debt/Equity 79.6%
Net Income Margin 8.4% Total Debt/Capital 44.3%
Asset Turnover 1.52
Current Ratio 0.79 Net Fixed Asset Turnover 17.52
Quick Ratio 0.68 Accounts receivable turnover-days 38.07
Debt to Assets 31.88% Inventory Days 0.76
Tot Debt to Common Equity 79.56% Accounts Payable Turnover Day 74.88
Accounts Receivable Turnover 9.61 Cash Conversion Cycle 9.43
Inventory Turnover 484.22
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
M2 Telecommunications Group LtdPrice/Volume
Valuation Analysis
965'139.00
Current Price (2/dd/yy) Market Data
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50.0
100.0
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250.0
300.0
350.0
400.0
450.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HUNTER HALL INVESTME n/a EXCH 10'770'672 6.82 (1'591'887) 14.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 10'082'178 6.38 1'944'456 05.10.2012 Bank
UBS n/a ULT-AGG 7'273'684 4.6 125'281 21.05.2012 Unclassified
BOWEN VAUGHAN GARFIE n/a Co File 6'042'420 3.82 - 24.08.2012 n/a
HYND JOHN SANDFORD n/a Co File 2'333'000 1.48 (220'000) 14.11.2012 n/a
WICKS STEVE n/a Co File 1'788'874 1.13 - 30.06.2012 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'478'741 0.94 676'619 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'160'669 0.73 11'887 31.12.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 1'019'000 0.64 348'392 30.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 749'307 0.47 (3'154) 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 695'750 0.44 695'750 30.06.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 663'250 0.42 - 31.07.2012 Investment Advisor
FARROW CRAIG LEHMANN n/a Co File 603'583 0.38 - 24.08.2012 n/a
TALSTON PTY LIMITED n/a EXCH 250'000 0.16 (25'000) 21.05.2012 Corporation
INNS DARRYL NOEL n/a Co File 234'014 0.15 - 30.06.2012 n/a
CORNISH GROUP INV PT n/a EXCH 226'316 0.14 (454'737) 21.05.2012 Corporation
BLACKROCK n/a ULT-AGG 222'510 0.14 - 25.02.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 134'290 0.08 - 25.02.2013 Investment Advisor
HORTH GEOFF n/a Co File 130'625 0.08 - 30.06.2012 n/a
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 70'000 0.04 - 30.06.2011 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie JODIE BANNAN neutral 3 D 4 12 month 26.02.2013
Ord Minnett BRAD DUNN lighten 2 M 4 Not Provided 26.02.2013
Canaccord Genuity Corp WARREN JEFFRIES buy 5 M 5 12 month 26.02.2013
Paterson Securities MARCUS HAMILTON hold 3 M 4 12 month 26.02.2013
Moelis & Company ADAM S MICHELL buy 5 M 5 12 month 26.02.2013
Goldman Sachs RAYMOND TONG neutral/neutral 3 M 4 12 month 25.02.2013
CIMB IAN MARTIN underperform 1 D 4 12 month 25.02.2013
RBS Morgans NICK HARRIS outperform 5 M 5 12 month 25.02.2013
EVA Dimensions ANDREW S ZAMFOTIS hold 3 M #N/A N/A Not Provided 17.01.2013
Veritas Securities LEVI HAWKER hold 3 D 4 Not Provided 28.08.2012
Lonsec Ltd TOM BOURNE accumulate 4 D 4 Not Provided 08.03.2012
Intersuisse Ltd PETER RUSSELL buy 5 N 4 12 month 01.02.2011
Stonebridge Group Ltd BEI BEI HU hold 3 M 2 12 month 22.09.2010
Holdings By:
M2 Telecommunications Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Senex Energy Limited explores for and acquires crude oil and natural gas. The
Company is focused on Oil in the Cooper Basin, Unconventional gas in the Cooper
Basin, and Coal seam gas in the Surat Basin.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.03.2012) 1.19
52-Week Low (25.07.2012) 0.58
Daily Volume
0.66
52-Week High % Change -44.69% Dividend Yield 0.00
52-Week Low % Change 13.79% Beta 0.98
% 52 Week Price Range High/Low 9.78% Equity Float 776.13
Shares Out 01.02.2013 1'140.8 Short Int -
752.93 1 Yr Total Return -35.43%
Total Debt 0.00 YTD Return -5.04%
Preferred Stock 0.0 Adjusted BETA 0.983
Minority Interest 0.0 Analyst Recs 8
Cash and Equivalents 123.95 Consensus Rating 3.500
Enterprise Value 628.98
Average Volume 5 Day 3'407'893
SXY AT EQUITY YTD Change - Average Volume 30 Day 2'312'309
SXY AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'305'942
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
6.2 10.8 12.0 10.6 67.1 - - 141.0 174.6 - -
11.57x 11.61x 8.95x 21.68x 9.08x - - 4.57x 3.69x - -
0.4 2.0 2.1 (6.8) 19.2 - - 63.6 101.6 - -
169.29x 63.96x 52.03x - 31.67x - - 9.89x 6.19x - -
(3.8) (8.6) 2.6 (3.5) 8.9 - - 41.3 46.6 - -
- - 23.30x - 73.96x - - 18.33x 16.10x - -
EBITDA 19.23 Long-Term Rating Date -
EBIT 6.73 Long-Term Rating -
Operating Margin 10.04% Long-Term Outlook -
Pretax Margin 15.72% Short-Term Rating Date -
Return on Assets 3.41% Short-Term Rating -
Return on Common Equity 3.88%
Return on Capital 4.03% EBITDA/Interest Exp. 47.01
Asset Turnover 0.26% (EBITDA-Capex)/Interest Exp. -44.40
Net Debt/EBITDA -6.45
Gross Margin 41.2% Total Debt/EBITDA 0.00
EBITDA Margin 28.7%
EBIT Margin 10.0% Total Debt/Equity 0.0%
Net Income Margin 13.2% Total Debt/Capital 0.0%
Asset Turnover 0.26
Current Ratio 5.28 Net Fixed Asset Turnover 0.66
Quick Ratio 4.97 Accounts receivable turnover-days 61.78
Debt to Assets 0.00% Inventory Days 7.12
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.92 Cash Conversion Cycle -
Inventory Turnover 51.38
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Senex Energy LtdPrice/Volume
Valuation Analysis
3'142'516.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9.-&- 9/-&- 90-&- 91-&- 92-&- 93-&- 94-&- 95-&- 96-&- 9.--&- 9
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/-&--
1-&--
3-&--
5-&--
.--&--
./-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SENTIENT EXECUTIVE G n/a Co File 188'212'276 16.5 - 24.09.2012 Other
AUSTRALIAN FOUNDATIO n/a EXCH 33'740'284 2.96 - 14.04.2011 Investment Advisor
BRYAN ROBERT n/a EXCH 31'716'667 2.78 - 14.04.2011 n/a
CLARKE DAVID BRIAN n/a EXCH 31'462'775 2.76 (5'000'000) 15.03.2011 n/a
ELPHINSTONE HLDGS PT n/a EXCH 24'121'000 2.11 - 14.04.2011 Other
BOW ENERGY LTD n/a EXCH 13'000'000 1.14 - 14.04.2011 Corporation
MF CUSTS LTD n/a EXCH 11'400'000 1 - 14.04.2011 Corporation
VANGUARD GROUP INC Multiple Portfolios MF-AGG 8'898'244 0.78 115'109 31.12.2012 Investment Advisor
AMCIL LTD n/a EXCH 8'418'500 0.74 - 14.04.2011 Investment Advisor
MIRRABOOKA INVESTMEN n/a EXCH 7'484'000 0.66 - 14.04.2011 Investment Advisor
ASCOT MEDIA INV LTD n/a EXCH 6'197'130 0.54 - 14.04.2011 Corporation
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'861'322 0.43 376'198 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 4'045'472 0.35 - 31.07.2012 Investment Advisor
CROMMELIN TIMOTHY BO n/a Co File 3'546'812 0.31 - 24.09.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 2'701'510 0.24 1'118'743 30.06.2011 Investment Advisor
DAVIES IAN RICHARD n/a EXCH 2'153'953 0.19 300'000 30.11.2012 n/a
PATTEN DENIS FRANK n/a Co File 1'924'616 0.17 - 24.09.2012 n/a
BLACKROCK n/a ULT-AGG 1'373'598 0.12 - 25.02.2013 Investment Advisor
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 1'364'253 0.12 (231'474) 31.10.2012 Unclassified
STATE STREET n/a ULT-AGG 623'146 0.05 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs MARK WISEMAN neutral/neutral 3 M 1 12 month 25.02.2013
RBC Capital Markets ANDREW WILLIAMS outperform 5 M 1 12 month 25.02.2013
JPMorgan DANIEL BUTCHER neutral 3 M 1 9 month 25.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Deutsche Bank ANDREW LEWANDOWSKI hold 3 M 1 12 month 16.01.2013
RBS Morgans KRISTA WALTER outperform 5 N 1 12 month 27.11.2012
Bell Potter JOHAN HEDSTROM buy 5 M 1 12 month 25.07.2012
Canaccord Genuity Corp IAN OOI buy 5 M #N/A N/A Not Provided 21.02.2012
Holdings By:
Senex Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Western Areas Ltd is an Australian-based nickel sulphide producer which owns the
Forrestania Nickel Project, along with development projects in Canada and
Finland. The Company has two producing nickel mines, Flying Fox and Spotted
Quoll.
Latest Fiscal Year: 06/2012
LTM as of: 12/yy
52-Week High (27.02.2012) 5.70
52-Week Low (31.07.2012) 3.41
Daily Volume
3.98
52-Week High % Change -30.18% Dividend Yield 2.01
52-Week Low % Change 16.72% Beta 1.51
% 52 Week Price Range High/Low 28.38% Equity Float 148.76
Shares Out 21.01.2013 196.8 Short Int -
783.44 1 Yr Total Return -27.05%
Total Debt 359.08 YTD Return -10.76%
Preferred Stock 0.0 Adjusted BETA 1.509
Minority Interest 0.2 Analyst Recs 16
Cash and Equivalents 165.50 Consensus Rating 3.500
Enterprise Value 955.42
Average Volume 5 Day 786'832
WSA AT EQUITY YTD Change - Average Volume 30 Day 760'700
WSA AT EQUITY YTD % CHANGE - Average Volume 3 Month 741'650
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 12/yy 12/yy 06/13 Y 06/14 Y 03/12 Q3 06/12 Q4
60.7 58.9 170.4 468.7 330.7 0.0 43.8 316.9 346.5 - -
29.90x 21.52x 5.34x 2.46x 2.79x #DIV/0! 0.00x 2.98x 2.61x - -
23.7 26.9 102.1 316.2 173.1 0.0 0.0 134.8 154.2 - -
76.57x 47.10x 8.91x 3.65x 5.34x 0.00x 0.00x 7.09x 6.20x - -
(54.9) (35.2) 14.2 135.0 40.3 0.0 9.0 23.0 40.8 - -
- - 47.25x 7.86x 18.13x 0.00x 0.00x 33.73x 18.86x - -
EBITDA 173.09 Long-Term Rating Date -
EBIT 77.71 Long-Term Rating -
Operating Margin 23.50% Long-Term Outlook -
Pretax Margin 17.38% Short-Term Rating Date -
Return on Assets 2.61% Short-Term Rating -
Return on Common Equity 5.91%
Return on Capital 5.82% EBITDA/Interest Exp. 6.17
Asset Turnover 0.49% (EBITDA-Capex)/Interest Exp. 5.68
Net Debt/EBITDA -
Gross Margin 29.1% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 14.0% Total Debt/Equity 124.0%
Net Income Margin 12.2% Total Debt/Capital 55.3%
Asset Turnover 0.49
Current Ratio 1.03 Net Fixed Asset Turnover 0.77
Quick Ratio 0.82 Accounts receivable turnover-days 29.69
Debt to Assets 46.33% Inventory Days 63.00
Tot Debt to Common Equity 123.98% Accounts Payable Turnover Day 73.46
Accounts Receivable Turnover 12.33 Cash Conversion Cycle 59.17
Inventory Turnover 5.81
Fiscal Year Ended
Western Areas LtdPrice/Volume
Valuation Analysis
846'059.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
4-&--
5-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JUNGLE CREEK GOLD MI n/a EXCH 25'398'403 12.9 - 21.01.2013 Corporation
UBS n/a ULT-AGG 18'224'775 9.26 (616'421) 12.12.2012 Unclassified
COMMONWEALTH BANK OF n/a EXCH 17'277'388 8.78 (293'913) 01.02.2013 Bank
NATIONAL AUSTRALIA B n/a ULT-AGG 11'415'179 5.8 (1'354'402) 24.01.2013 Bank
NORTHMEAD HOLDINGS P n/a EXCH 10'097'820 5.13 4'970'591 11.12.2012 Other
GREENWELL MARGARET n/a Co File 9'686'820 4.92 - 30.06.2011 n/a
CREDIT SUISSE AG n/a EXCH 8'747'876 4.44 (1'059'983) 08.05.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'345'406 0.68 20'805 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'305'489 0.66 921'414 31.08.2011 Investment Advisor
HANNA JULIAN P n/a EXCH 1'084'666 0.55 - 17.09.2012 n/a
COOPER DAVID n/a EXCH 1'000'000 0.51 - 30.09.2011 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 897'958 0.46 - 31.07.2012 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 797'436 0.41 - 31.12.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 748'500 0.38 - 31.12.2012 Unclassified
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 731'255 0.37 (4'617) 30.09.2012 Mutual Fund Manager
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 684'000 0.35 - 31.01.2013 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 588'900 0.3 - 30.06.2012 Mutual Fund Manager
STREETER TERENCE ERN n/a EXCH 515'396 0.26 - 21.01.2013 n/a
COLONIAL FIRST STATE Multiple Portfolios MF-AGG 473'908 0.24 - 19.10.2012 Investment Advisor
VALIC CO I Multiple Portfolios MF-AGG 432'093 0.22 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Deutsche Bank CHRIS TERRY hold 3 M 4 12 month 22.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/In-Line 3 M 5 12 month 22.02.2013
Goldman Sachs IAN PRESTON sell/attractive 1 M 2 12 month 22.02.2013
RBC Capital Markets STEUART MCINTYRE sector perform 3 N 5 12 month 22.02.2013
Credit Suisse PAUL MCTAGGART neutral 3 M 5 Not Provided 22.02.2013
Macquarie LEE BOWERS outperform 5 M 5 12 month 22.02.2013
Bell Potter STEPHEN THOMAS hold 3 M 5 12 month 22.02.2013
Wilson HTM Investment Group CAMERON JUDD buy 5 M 5 Not Provided 08.02.2013
Paterson Securities SIMON TONKIN hold 3 M 4 12 month 01.02.2013
JPMorgan JOSEPH KIM overweight 5 M 5 9 month 25.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
GMP LEVI SPRY buy 5 M 5 Not Provided 22.10.2012
Argonaut Securities Pty Ltd TROY IRVIN buy 5 M 7 12 month 25.07.2012
Evans & Partners Pty Ltd CATHY MOISES neutral 3 U #N/A N/A Not Provided 04.12.2011
Holdings By:
Western Areas Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Beadell Resources Limited is a gold development company. The Company's
primary asset is the Tucano gold project, located in Brazil. Beadell also has
an extensive portfolio of gold exploration tenements throughout Australia
and Brazil, including the prospective Tropicana East Project located adjacent
to the Tropicana gold deposit
Latest Fiscal Year: 12/2011
LTM as of: 01/yy
52-Week High (07.12.2012) 1.14
52-Week Low (15.05.2012) 0.52
Daily Volume
0.84
52-Week High % Change -25.99% Dividend Yield 0.00
52-Week Low % Change 61.54% Beta 1.34
% 52 Week Price Range High/Low 48.78% Equity Float 623.71
Shares Out 14.12.2012 742.2 Short Int -
623.45 1 Yr Total Return 8.39%
Total Debt 55.26 YTD Return -14.29%
Preferred Stock 0.0 Adjusted BETA 1.336
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 40.13 Consensus Rating 4.615
Enterprise Value 698.62
Average Volume 5 Day 5'937'445
BDR AT EQUITY YTD Change - Average Volume 30 Day 5'118'888
BDR AT EQUITY YTD % CHANGE - Average Volume 3 Month 5'306'881
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 01/yy 01/yy 12/12 Y 12/13 Y - -
- - - 2.9 0.0 - - 8.6 352.0 - -
- - - 28.44x - - - 83.26x 1.65x - -
- (5.9) (3.9) (7.5) (35.3) - - (20.7) 220.3 - -
- - - - - - - - 3.17x - -
- (5.3) (3.9) (8.3) (34.8) - - (33.7) 145.1 - -
- - - - - - - - 4.35x - -
EBITDA -35.27 Long-Term Rating Date -
EBIT -36.17 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -26.04% Short-Term Rating -
Return on Common Equity -54.71%
Return on Capital - EBITDA/Interest Exp. -50.39
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -55.44
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 104.9%
Net Income Margin - Total Debt/Capital 51.2%
Asset Turnover 0.00
Current Ratio 2.00 Net Fixed Asset Turnover 0.00
Quick Ratio 1.68 Accounts receivable turnover-days -
Debt to Assets 40.02% Inventory Days -
Tot Debt to Common Equity 104.86% Accounts Payable Turnover Day -
Accounts Receivable Turnover 0.00 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Beadell Resources LtdPrice/Volume
Valuation Analysis
3'987'263.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
.
.
.
.
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
2&- 9
.-&- 9
.2&- 9
/-&- 9
/2&- 9
0-&- 9
02&- 9
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-&--
2-&--
.--&--
.2-&--
/--&--
/2-&--
-1&-4&/--5 -1&-.&/--6 -1&-4&/--6 -1&-.&/-.- -1&-4&/-.- -1&-.&/-.. -1&-4&/-.. -1&-.&/-./ -1&-4&/-./ -1&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 49'738'473 6.7 - 25.02.2013 Investment Advisor
VAN ECK ASSOCIATES C n/a EXCH 45'494'924 6.13 9'616'308 15.06.2012 Investment Advisor
COLUMBIA WANGER ASSE n/a EXCH 42'818'884 5.77 7'696'982 19.02.2013 Investment Advisor
COUPLAND CARDIFF ASS n/a Co File 37'132'343 5 - 18.02.2013 Hedge Fund Manager
L1 CAPITAL PTY LTD n/a EXCH 23'660'753 3.19 (21'000'000) 22.11.2012 Mutual Fund Manager
BOWLER PETER n/a EXCH 21'043'333 2.84 (4'000'000) 30.11.2012 n/a
FRANKLIN RESOURCES n/a ULT-AGG 19'582'465 2.64 77'000 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 16'632'534 2.24 368'213 25.02.2013 Investment Advisor
OZ MINERALS INVESTME n/a Co File 12'800'000 1.72 - 31.03.2012 Unclassified
AMP LIFE LTD n/a Co File 12'331'993 1.66 - 31.03.2012 Investment Advisor
UNISUPER n/a EXCH 12'137'228 1.64 - 05.12.2011 Other
BRAIDWOOD INVESTMENT n/a Co File 9'100'001 1.23 - 31.03.2012 Unclassified
LEIBOWITZ ANTHONY HO n/a EXCH 8'586'457 1.16 263'091 30.11.2012 n/a
BARRETT GREGORY MICH n/a Co File 8'351'651 1.13 - 31.12.2011 n/a
FMR LLC n/a ULT-AGG 7'630'765 1.03 - 31.12.2012 Investment Advisor
ACORN CAPITAL LTD n/a EXCH 7'556'401 1.02 - 05.12.2011 Investment Advisor
HOOKIPA PTY LTD n/a Co File 7'254'650 0.98 - 31.03.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'833'907 0.92 275'466 31.12.2012 Investment Advisor
WATKINS ROBERT n/a EXCH 6'150'001 0.83 - 14.11.2012 n/a
TWYNAM AGRICULTURAL n/a Co File 5'975'000 0.81 - 31.12.2012 Other
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
GMP LEVI SPRY buy 5 M 1 Not Provided 26.02.2013
Ord Minnett DAVID BRENNAN buy 5 M 2 Not Provided 11.02.2013
Hartleys TRENT BARNETT buy 5 M 1 12 month 25.01.2013
Octa Phillip Securities Ltd ANDREW SHEARER buy 5 M 1 Not Provided 25.01.2013
Casimir Capital ERIC ALLISON overweight 5 M 2 12 month 16.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Macquarie MITCH RYAN outperform 5 M 1 12 month 11.01.2013
Blackswan Equities Ltd RHYS BRADLEY buy 5 N 1 12 month 21.12.2012
RBS Morgans JAMES WILSON outperform 5 N 1 12 month 27.11.2012
Evans & Partners Pty Ltd CATHY MOISES Positive 4 N #N/A N/A Not Provided 24.10.2012
Bell Potter CHRIS WHITEHEAD buy 5 M 1 12 month 05.03.2012
Holdings By:
Beadell Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Abacus Property Group is a diversified property investment group providing
exposure to a portfolio of commercial, retail, and industrial properties. The
Group also offers mortgage investments, development syndicates and property
funds management services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (17.12.2012) 2.30
52-Week Low (28.02.2012) 1.89
Daily Volume
2.23
52-Week High % Change -3.04% Dividend Yield 7.40
52-Week Low % Change 17.99% Beta 0.71
% 52 Week Price Range High/Low 73.17% Equity Float 242.46
Shares Out 20.08.2012 444.9 Short Int -
992.06 1 Yr Total Return 26.34%
Total Debt 802.21 YTD Return 7.18%
Preferred Stock 0.0 Adjusted BETA 0.707
Minority Interest 51.0 Analyst Recs 4
Cash and Equivalents 54.13 Consensus Rating 3.000
Enterprise Value 1'791.11
Average Volume 5 Day 608'989
ABP AT EQUITY YTD Change - Average Volume 30 Day 492'296
ABP AT EQUITY YTD % CHANGE - Average Volume 3 Month 625'022
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 09/11 Q1 12/11 Q2
159.6 139.0 98.4 218.2 225.1 - - 102.0 103.0 - -
8.52x 6.87x 11.05x 8.23x 7.49x - - 14.18x 13.65x - -
79.4 79.2 61.0 56.0 121.9 - - 119.5 120.0 - -
17.12x 12.05x 17.82x 32.09x 13.84x - - 14.99x 14.93x - -
71.5 (102.4) 25.4 28.6 8.5 - - 86.9 92.2 - -
10.47x - 26.80x 30.08x 96.68x - - 11.44x 11.44x - -
EBITDA 121.86 Long-Term Rating Date -
EBIT 117.16 Long-Term Rating -
Operating Margin 20.51% Long-Term Outlook -
Pretax Margin 4.66% Short-Term Rating Date -
Return on Assets 0.40% Short-Term Rating -
Return on Common Equity 0.83%
Return on Capital 0.41% EBITDA/Interest Exp. 1.72
Asset Turnover 0.11% (EBITDA-Capex)/Interest Exp. 1.37
Net Debt/EBITDA 6.39
Gross Margin - Total Debt/EBITDA 6.85
EBITDA Margin 52.0%
EBIT Margin - Total Debt/Equity 75.9%
Net Income Margin 3.8% Total Debt/Capital 42.0%
Asset Turnover 0.11
Current Ratio - Net Fixed Asset Turnover -
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 38.08% Inventory Days -
Tot Debt to Common Equity 75.90% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Abacus Property GroupPrice/Volume
Valuation Analysis
675'473.00
Current Price (2/dd/yy) Market Data
-
.
.
/
/
0
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
50.0
100.0
150.0
200.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
GUARDIAN TRUST COMPA n/a EXCH 195'859'446 44.03 17'399'846 21.12.2012 n/a
PERPETUAL LTD n/a EXCH 32'786'440 7.37 (6'687'555) 21.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 11'326'677 2.55 101'059 30.09.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'312'354 0.74 73'524 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 3'209'979 0.72 - 25.02.2013 Investment Advisor
WOLF FRANK MICHAEL n/a Co File 2'837'464 0.64 - 28.08.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 2'457'792 0.55 118'008 31.08.2011 Investment Advisor
FMR LLC n/a ULT-AGG 1'997'221 0.45 32'000 31.12.2012 Investment Advisor
PUTNAM INVESTMENT MA Multiple Portfolios MF-AGG 1'893'764 0.43 - 31.12.2012 Investment Advisor
KIFIN LTD n/a EXCH 1'605'890 0.36 - 21.06.2012 Other
NAVIGATOR AUSTRALIA n/a EXCH 1'460'741 0.33 - 20.03.2012 Corporation
DIAM n/a ULT-AGG 1'096'159 0.25 - 11.01.2012 Unclassified
MITSUBISHI UFJ FINAN n/a ULT-AGG 687'472 0.15 - 05.07.2012 Holding Company
BASTIAN DAVID n/a Co File 545'000 0.12 - 28.08.2012 n/a
BLACKROCK n/a ULT-AGG 473'508 0.11 - 25.02.2013 Investment Advisor
GOLDMAN SACHS JBWERE Multiple Portfolios MF-AGG 361'877 0.08 - 17.07.2012 Investment Advisor
SARASIN n/a ULT-AGG 265'208 0.06 - 30.06.2011 Unclassified
NIKKO ASSET MANAGEME n/a ULT-AGG 138'899 0.03 (13'500) 01.02.2013 Unclassified
NOMURA n/a ULT-AGG 118'100 0.03 (12'000) 06.09.2012 Unclassified
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 94'127 0.02 (15'183) 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan RICHARD JONES neutral 3 M 2 9 month 26.02.2013
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 15.01.2013
Holdings By:
Abacus Property Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Ardent Leisure Group is a trust established to acquire and invest in leisure and
entertainment properties in Australia. The Trust's property portfolio comprises
theme parks, bowling centers, and healthclubs as well as a portfolio of family
entertainment assets in the United States.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (05.02.2013) 1.63
52-Week Low (30.03.2012) 1.10
Daily Volume
1.485
52-Week High % Change -8.62% Dividend Yield 7.88
52-Week Low % Change 35.62% Beta 0.82
% 52 Week Price Range High/Low 70.75% Equity Float 365.11
Shares Out 31.12.2012 397.8 Short Int -
590.70 1 Yr Total Return 42.68%
Total Debt 193.45 YTD Return 3.85%
Preferred Stock 0.0 Adjusted BETA 0.823
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 11.69 Consensus Rating 3.222
Enterprise Value 772.46
Average Volume 5 Day 1'982'953
AAD AT EQUITY YTD Change - Average Volume 30 Day 1'455'250
AAD AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'394'290
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - - 367.5 - - 443.1 488.3 - -
- - - - 1.65x - - 1.78x 1.62x - -
- - - - 74.0 - - 89.1 101.3 - -
- - - - 8.21x - - 8.67x 7.63x - -
- - - - 12.6 - - 45.3 52.4 - -
- - - - 32.95x - - 12.58x 11.42x - -
EBITDA 74.04 Long-Term Rating Date -
EBIT 43.82 Long-Term Rating -
Operating Margin 11.92% Long-Term Outlook -
Pretax Margin 4.13% Short-Term Rating Date -
Return on Assets - Short-Term Rating -
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. 5.56
Asset Turnover - (EBITDA-Capex)/Interest Exp. 1.96
Net Debt/EBITDA 2.45
Gross Margin - Total Debt/EBITDA 2.61
EBITDA Margin 20.1%
EBIT Margin 11.9% Total Debt/Equity 47.6%
Net Income Margin 3.4% Total Debt/Capital 32.2%
Asset Turnover -
Current Ratio 0.55 Net Fixed Asset Turnover -
Quick Ratio 0.25 Accounts receivable turnover-days -
Debt to Assets 28.50% Inventory Days -
Tot Debt to Common Equity 47.57% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Ardent Leisure GroupPrice/Volume
Valuation Analysis
1'003'243.00
Current Price (2/dd/yy) Market Data
---.....//
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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1&--
2&--
3&--
4&--
5&--
6&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL AUSTRALIA B n/a ULT-AGG 29'546'282 7.43 5'792'075 17.12.2012 Bank
ELEY GRIFFITHS GROUP n/a Co File 24'630'889 6.19 - 31.08.2012 Investment Advisor
AMP LTD n/a EXCH 21'527'293 5.41 (4'111'507) 08.01.2013 Insurance Company
COMMONWEALTH BANK OF n/a EXCH 21'013'677 5.28 - 25.09.2012 Bank
ACORN CAPITAL LTD n/a EXCH 18'582'456 4.67 2'300'985 17.10.2012 Investment Advisor
BLACK ROCK INVESTMEN n/a Co File 15'227'808 3.83 - 31.08.2012 Investment Advisor
RENAISSANCE PROPERTY n/a EXCH 15'216'895 3.83 (750'000) 11.05.2012 Corporation
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'842'871 0.97 32'792 31.12.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 2'492'800 0.63 1'182'800 30.09.2012 Investment Advisor
GOLDMAN SACHS JBWERE Multiple Portfolios MF-AGG 2'104'111 0.53 - 17.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'918'546 0.48 192'899 30.09.2012 Mutual Fund Manager
BALNAVES NEIL R n/a Co File 1'169'062 0.29 - 22.08.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 1'107'958 0.28 (685'593) 31.08.2011 Investment Advisor
SHAW GREGORY D n/a EXCH 768'369 0.19 95'833 30.10.2012 n/a
BLACKROCK n/a ULT-AGG 624'450 0.16 - 25.02.2013 Investment Advisor
CREDIT SUISSE AG n/a EXCH 486'020 0.12 (18'008'933) 30.06.2011 Investment Advisor
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 231'133 0.06 231'133 30.09.2012 Investment Advisor
VENARDOS GEORGE n/a EXCH 111'592 0.03 24'296 24.10.2012 n/a
WELLS FARGO n/a ULT-AGG 107'029 0.03 30 31.12.2012 Unclassified
DAVIS ROGER ANDREW n/a EXCH 100'275 0.03 10'000 27.11.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie ADAM SIMPSON neutral 3 M 1 12 month 22.02.2013
JPMorgan ARMINA SOEMINO overweight 5 M 2 9 month 21.02.2013
CIMB TIM PLUMBE outperform 5 M 2 12 month 21.02.2013
Nomura ROGER SAMUEL neutral 3 M 2 Not Provided 21.02.2013
Goldman Sachs JIM GODSIL neutral/neutral 3 M 2 12 month 15.01.2013
EVA Dimensions AUSTIN BURKETT underweight 1 M #N/A N/A Not Provided 15.01.2013
E.L. & C. Baillieu NICK CALEY hold 3 N 2 12 month 28.11.2012
Deutsche Bank JENNIFER KRUK hold 3 M 1 12 month 14.09.2012
Holdings By:
Ardent Leisure Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
NRW Holdings Limited provides civil contracting services including rail
formation, bulk earthworks, mine development, road and tunnel construction and
a range of contract mining services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.03.2012) 4.36
52-Week Low (05.12.2012) 1.25
Daily Volume
2.04
52-Week High % Change -53.21% Dividend Yield -
52-Week Low % Change 62.87% Beta 1.18
% 52 Week Price Range High/Low 28.24% Equity Float 257.58
Shares Out 31.12.2012 278.9 Short Int -
568.93 1 Yr Total Return -38.13%
Total Debt 198.77 YTD Return 12.59%
Preferred Stock 0.0 Adjusted BETA 1.179
Minority Interest 0.0 Analyst Recs 18
Cash and Equivalents 137.96 Consensus Rating 3.500
Enterprise Value 597.73
Average Volume 5 Day 7'331'898
NWH AT EQUITY YTD Change - Average Volume 30 Day 3'738'462
NWH AT EQUITY YTD % CHANGE - Average Volume 3 Month 4'098'212
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y 03/12 Q3 06/12 Q4
471.2 509.6 609.7 745.3 1'358.8 - - 1'473.1 1'346.4 - -
1.24x 0.55x 0.47x 1.12x 0.66x - - 0.41x 0.43x - -
64.3 71.8 89.3 89.7 193.8 - - 189.3 176.9 - -
9.09x 3.88x 3.20x 9.27x 4.66x - - 3.16x 3.38x - -
32.8 37.1 35.1 41.2 97.1 - - 87.7 78.2 - -
14.34x 6.33x 7.00x 17.33x 8.68x - - 6.52x 7.13x - -
EBITDA 193.83 Long-Term Rating Date -
EBIT 151.93 Long-Term Rating -
Operating Margin 11.18% Long-Term Outlook -
Pretax Margin 10.39% Short-Term Rating Date -
Return on Assets 12.90% Short-Term Rating -
Return on Common Equity 31.00%
Return on Capital 21.79% EBITDA/Interest Exp. 13.50
Asset Turnover 2.00% (EBITDA-Capex)/Interest Exp. 10.84
Net Debt/EBITDA 0.14
Gross Margin - Total Debt/EBITDA 1.16
EBITDA Margin 13.2%
EBIT Margin 10.3% Total Debt/Equity 60.4%
Net Income Margin 7.1% Total Debt/Capital 37.6%
Asset Turnover 2.00
Current Ratio 1.29 Net Fixed Asset Turnover 4.42
Quick Ratio 0.77 Accounts receivable turnover-days 44.88
Debt to Assets 23.47% Inventory Days -
Tot Debt to Common Equity 60.38% Accounts Payable Turnover Day -
Accounts Receivable Turnover 8.15 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
NRW Holdings LtdPrice/Volume
Valuation Analysis
2'250'433.00
Current Price (2/dd/yy) Market Data
-..//00112
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9/&- 91&- 93&- 95&- 9.-&- 9./&- 9.1&- 9.3&- 9.5&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
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0&--
1&--
2&--
3&--
4&--
5&--
6&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COMMONWEALTH BANK OF #N/A N/A EXCH 20'618'582 7.39 (3'048'761) 21.02.2013 Bank
AMP LTD n/a EXCH 17'941'334 6.43 (2'970'835) 06.02.2012 Insurance Company
WESTPAC BANKING CORP #N/A N/A EXCH 17'823'499 6.39 (2'889'237) 20.02.2013 Bank
MACQUARIE GROUP LTD n/a ULT-AGG 16'420'732 5.89 - 19.10.2012 Investment Advisor
CELESTE FUNDS MANAGE n/a EXCH 14'381'065 5.16 - 29.11.2012 Hedge Fund Manager
ELEY GRIFFITHS GROUP n/a EXCH 14'290'897 5.12 - 10.10.2011 Investment Advisor
NORTHCAPE CAPITAL PT n/a EXCH 13'912'373 4.99 (783'565) 28.02.2012 Other
BLACKROCK n/a ULT-AGG 13'895'330 4.98 (3'527'523) 25.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 13'785'857 4.94 (1'273'083) 13.12.2012 Bank
BENNELONG FUNDS MANA n/a EXCH 13'368'542 4.79 (1'957'887) 27.11.2012 Investment Advisor
AVIVA INV AUSTRALIA n/a EXCH 12'345'169 4.43 (1'521'975) 27.05.2011 Other
UBS n/a ULT-AGG 10'516'528 3.77 (3'771'331) 16.10.2012 Unclassified
BOUNSELL KEITH n/a Co File 3'381'843 1.21 - 28.09.2012 n/a
PEMBERTON JULIAN ALE n/a EXCH 2'820'608 1.01 280'194 29.11.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'423'880 0.87 (288'732) 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'883'647 0.68 567'759 30.09.2012 Mutual Fund Manager
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 1'851'613 0.66 3'173 31.01.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'403'775 0.5 - 31.07.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 1'370'715 0.49 704'440 31.12.2012 Investment Advisor
TIAA CREF INVESTMENT Multiple Portfolios MF-AGG 973'414 0.35 195'547 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
RBS Morgans SCOTT MURDOCH neutral 3 M 3 12 month 25.02.2013
Blackswan Equities Ltd OLIVER STEVENS buy 5 M 3 12 month 25.02.2013
Octa Phillip Securities Ltd CONOR O'PREY buy 5 M 2 Not Provided 25.02.2013
Deutsche Bank DOMINIC ROSE buy 5 M 2 12 month 21.02.2013
Credit Suisse PAUL BUYS underperform 1 M 2 Not Provided 21.02.2013
JPMorgan ANTHONY PASSE-DE SILVA overweight 5 M 3 9 month 21.02.2013
Macquarie ANDREW WACKETT outperform 5 M 3 12 month 21.02.2013
Hartleys TRENT BARNETT speculative buy 4 M 3 12 month 21.02.2013
BBY Limited MOIRA EILEEN DAW underperform 1 M 2 12 month 21.02.2013
Commonwealth Bank NICK MACLEAN neutral 3 M 2 12 month 21.02.2013
Nomura PAUL GRAHAM neutral 3 M 2 Not Provided 21.02.2013
Argonaut Securities Pty Ltd IAN CHRISTIE hold 3 M 2 12 month 21.02.2013
Paterson Securities ROB BRIERLEY hold 3 M 2 12 month 12.02.2013
EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 15.01.2013
Moelis & Company ADAM S MICHELL hold 3 M 2 12 month 10.01.2013
Holdings By:
NRW Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Kingsgate Consolidated Limited is a gold mining and exploration company with
operations focused in Thailand at the Chatree gold project. The Company also
explores for silver and other metals.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 7.20
52-Week Low (21.02.2013) 3.27
Daily Volume
3.7
52-Week High % Change -48.61% Dividend Yield -
52-Week Low % Change 13.15% Beta 1.34
% 52 Week Price Range High/Low 8.91% Equity Float 145.72
Shares Out 31.12.2012 151.8 Short Int -
561.76 1 Yr Total Return -45.16%
Total Debt 157.54 YTD Return -15.91%
Preferred Stock 0.0 Adjusted BETA 1.341
Minority Interest 0.0 Analyst Recs 11
Cash and Equivalents 90.62 Consensus Rating 3.273
Enterprise Value 693.43
Average Volume 5 Day 1'275'727
KCN AT EQUITY YTD Change - Average Volume 30 Day 1'058'446
KCN AT EQUITY YTD % CHANGE - Average Volume 3 Month 806'711
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
74.3 113.0 176.1 172.4 357.4 - - 361.5 443.1 - -
6.01x 5.46x 5.16x 6.69x 2.24x - - 1.81x 1.59x - -
19.6 (38.1) 84.7 66.8 164.9 - - 146.8 203.6 - -
22.77x - 10.74x 17.26x 4.86x - - 4.72x 3.41x - -
36.2 32.5 66.3 21.1 75.2 - - 58.0 95.4 - -
10.12x 19.20x 12.59x 42.78x 9.24x - - 9.14x 6.01x - -
EBITDA 164.86 Long-Term Rating Date -
EBIT 97.31 Long-Term Rating -
Operating Margin 27.23% Long-Term Outlook -
Pretax Margin 25.54% Short-Term Rating Date -
Return on Assets 4.93% Short-Term Rating -
Return on Common Equity 6.76%
Return on Capital - EBITDA/Interest Exp. 10.36
Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. -0.38
Net Debt/EBITDA -
Gross Margin 33.2% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 19.4% Total Debt/Equity 20.3%
Net Income Margin 21.0% Total Debt/Capital 16.9%
Asset Turnover 0.37
Current Ratio 2.03 Net Fixed Asset Turnover 0.47
Quick Ratio 0.98 Accounts receivable turnover-days 19.78
Debt to Assets 15.03% Inventory Days -
Tot Debt to Common Equity 20.31% Accounts Payable Turnover Day -
Accounts Receivable Turnover 18.50 Cash Conversion Cycle 42.36
Inventory Turnover -
Fiscal Year Ended
Kingsgate Consolidated LtdPrice/Volume
Valuation Analysis
1'494'795.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
4
5
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0&2 9
1&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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2&--
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0-&--
02&--
1-&--
12&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 13'848'709 9.12 - 25.02.2013 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 10'832'634 7.13 - 25.02.2013 Investment Advisor
VAN ECK ASSOCIATES C n/a EXCH 10'654'665 7.02 - 22.08.2012 Investment Advisor
FMR LLC n/a ULT-AGG 9'588'527 6.32 285'993 11.10.2012 Investment Advisor
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 5'500'000 3.62 - 30.11.2012 Investment Advisor
RUFFER LLP Multiple Portfolios MF-AGG 4'693'651 3.09 - 28.09.2012 Hedge Fund Manager
SMYTH-KIRK ROSS DONA n/a Co File 4'586'271 3.02 - 30.08.2012 n/a
FIRST EAGLE INVESTME Multiple Portfolios MF-AGG 4'118'481 2.71 - 30.09.2012 Hedge Fund Manager
ALLIANZ ASSET MANAGE n/a ULT-AGG 1'656'746 1.09 (110'545) 30.09.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'369'997 0.9 6'174 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'065'821 0.7 310'561 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 963'053 0.63 - 31.07.2012 Investment Advisor
THOMAS GAVIN n/a EXCH 946'403 0.62 - 23.11.2012 n/a
PRUDENTIAL FINANCIAL n/a ULT-AGG 910'961 0.6 252'067 31.12.2012 Investment Advisor
QUANTEX AG Multiple Portfolios MF-AGG 820'000 0.54 - 31.01.2013 Investment Advisor
ERSTE SPARINVEST KAG Multiple Portfolios MF-AGG 540'000 0.36 - 31.10.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 453'816 0.3 (1'060'949) 31.12.2012 Investment Advisor
PACIFIC INCOME ADVIS Multiple Portfolios MF-AGG 281'011 0.19 - 31.01.2013 Investment Advisor
MACINTYRE PHILIP n/a Co File 200'000 0.13 - 30.08.2012 n/a
HARTFORD INVESTMENT Multiple Portfolios MF-AGG 161'447 0.11 (3'316) 31.01.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY neutral/attractive 3 M 3 12 month 26.02.2013
Macquarie MITCH RYAN neutral 3 M 5 12 month 26.02.2013
RBC Capital Markets STEUART MCINTYRE sector perform 3 U 4 12 month 25.02.2013
BBY Limited KURT WORDEN strong buy 5 M 9 12 month 25.02.2013
EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 20.02.2013
Veritas Securities MATTHEW BAILLIE buy 5 M 6 Not Provided 31.01.2013
BMO Capital Markets DAVID HAUGHTON market perform 3 M 6 Not Provided 23.01.2013
Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 02.11.2012
Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012
Bell Potter PETER CHAPMAN Under Review #N/A N/A M #N/A N/A Not Provided 02.11.2011
Holdings By:
Kingsgate Consolidated Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
iiNET Limited is an Australian Internet Service Provider. The Group's main
services include e-commerce applications, web-site development and consulting,
Internet telephony and cable Internet access. iiNET also provides its business
customers with high speed digital connection services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 5.12
52-Week Low (13.03.2012) 2.84
Daily Volume
5.04
52-Week High % Change -1.56% Dividend Yield -
52-Week Low % Change 77.46% Beta 0.77
% 52 Week Price Range High/Low 96.93% Equity Float 109.02
Shares Out 31.12.2012 161.2 Short Int -
812.64 1 Yr Total Return 73.44%
Total Debt 240.85 YTD Return 10.04%
Preferred Stock 0.0 Adjusted BETA 0.770
Minority Interest 0.0 Analyst Recs 17
Cash and Equivalents 6.61 Consensus Rating 4.059
Enterprise Value 1'013.92
Average Volume 5 Day 837'719
IIN AT EQUITY YTD Change - Average Volume 30 Day 660'008
IIN AT EQUITY YTD % CHANGE - Average Volume 3 Month 637'879
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
249.9 417.8 473.3 697.2 830.0 - - 948.3 956.9 - -
0.99x 0.66x 1.03x 0.71x 0.88x - - 1.07x 1.00x - -
47.1 66.1 76.8 97.7 136.8 - - 182.0 186.5 - -
5.27x 4.18x 6.36x 5.05x 5.34x - - 5.57x 5.44x - -
19.9 25.6 34.6 33.4 37.1 - - 56.6 63.1 - -
9.55x 10.24x 12.81x 11.86x 12.89x - - 14.20x 12.66x - -
EBITDA 136.78 Long-Term Rating Date -
EBIT 71.33 Long-Term Rating -
Operating Margin 8.59% Long-Term Outlook -
Pretax Margin 7.59% Short-Term Rating Date -
Return on Assets 7.65% Short-Term Rating -
Return on Common Equity 20.13%
Return on Capital - EBITDA/Interest Exp. 10.55
Asset Turnover 1.32% (EBITDA-Capex)/Interest Exp. 7.40
Net Debt/EBITDA 1.12
Gross Margin 42.5% Total Debt/EBITDA 1.24
EBITDA Margin 19.2%
EBIT Margin 10.9% Total Debt/Equity 84.0%
Net Income Margin 4.5% Total Debt/Capital 45.7%
Asset Turnover 1.32
Current Ratio 0.56 Net Fixed Asset Turnover 5.86
Quick Ratio 0.42 Accounts receivable turnover-days 23.72
Debt to Assets 31.84% Inventory Days 7.34
Tot Debt to Common Equity 84.02% Accounts Payable Turnover Day 54.52
Accounts Receivable Turnover 15.43 Cash Conversion Cycle -30.02
Inventory Turnover 49.87
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
iiNET LtdPrice/Volume
Valuation Analysis
463'566.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
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0&--
1&--
2&--
3&--
4&--
5&--
6&--
.-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MALONE MICHAEL M n/a Co File 14'012'162 8.69 - 20.09.2012 n/a
PERTH INTERNET PTY L n/a Co File 14'012'162 8.69 - 10.09.2012 Unclassified
HACKETT SIMON WALTER n/a EXCH 12'072'664 7.49 - 20.09.2012 n/a
TPG TELECOM LTD n/a EXCH 10'579'154 6.56 2'899'213 28.11.2011 Corporation
ELEY GRIFFITHS GROUP n/a EXCH 10'422'175 6.46 (1'639'270) 31.10.2012 Investment Advisor
WESTOZ FUNDS MANAGEM Multiple Portfolios MF-AGG 10'091'818 6.26 - 30.06.2011 Mutual Fund Manager
WESTOZ FUNDS MANAGEM n/a EXCH 9'151'079 5.68 - 12.11.2012 Corporation
COMMONWEALTH BANK OF n/a EXCH 8'963'816 5.56 - 10.12.2012 Bank
AMP LTD n/a EXCH 7'082'292 4.39 (1'554'104) 01.03.2011 Insurance Company
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'407'426 0.87 18'301 31.12.2012 Investment Advisor
GRIST ANTHONY JAMES n/a EXCH 1'100'000 0.68 - 07.09.2011 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'058'583 0.66 - 31.07.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 845'881 0.52 (574'745) 30.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 584'709 0.36 (7'743) 30.09.2012 Mutual Fund Manager
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 309'133 0.19 (1'617) 31.12.2012 Investment Advisor
SMITH MICHAEL JOHN n/a EXCH 270'429 0.17 - 20.09.2012 n/a
BLACKROCK n/a ULT-AGG 231'787 0.14 - 25.02.2013 Investment Advisor
HEITMAN REAL ESTATE Multiple Portfolios MF-AGG 220'000 0.14 (139'600) 31.03.2012 Investment Advisor
NORDINVEST FUND MANA Multiple Portfolios MF-AGG 194'536 0.12 (288'704) 30.11.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 142'722 0.09 10'139 31.08.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DANIEL BLAIR buy 5 M 6 Not Provided 27.02.2013
Paterson Securities MARCUS HAMILTON buy 5 M 5 12 month 26.02.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 U #N/A N/A Not Provided 26.02.2013
Morgan Stanley MARK GOODRIDGE Overwt/In-Line 5 M 5 12 month 22.02.2013
Macquarie ANDREW LEVY outperform 5 M 5 12 month 22.02.2013
Hartleys PETER GRAY neutral 3 D 4 12 month 22.02.2013
Deutsche Bank VIKAS GOUR hold 3 M 5 12 month 21.02.2013
Goldman Sachs RAYMOND TONG Buy/Neutral 5 M 5 12 month 21.02.2013
Credit Suisse BRADLEY CLIBBORN neutral 3 U 5 Not Provided 21.02.2013
JPMorgan PAUL BRUNKER neutral 3 D 5 9 month 21.02.2013
CIMB ALAN STUART outperform 5 M 5 12 month 21.02.2013
Commonwealth Bank NATHAN BURLEY neutral 3 M 5 12 month 21.02.2013
RBS Morgans NICK HARRIS outperform 5 M 6 12 month 21.02.2013
Moelis & Company ADAM S MICHELL hold 3 N 4 12 month 06.09.2012
Stonebridge Group Ltd BEI BEI HU buy 5 N 3 12 month 17.08.2010
Holdings By:
iiNET Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
CuDeco Limited is a mineral exploration company. The Company mines for copper,
diamonds and uranium in Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.09.2012) 4.94
52-Week Low (15.06.2012) 2.95
Daily Volume
3.69
52-Week High % Change -25.30% Dividend Yield 0.00
52-Week Low % Change 25.08% Beta -
% 52 Week Price Range High/Low 35.18% Equity Float 141.81
Shares Out 15.02.2013 199.9 Short Int -
737.55 1 Yr Total Return 11.14%
Total Debt 0.00 YTD Return -14.19%
Preferred Stock 0.0 Adjusted BETA -
Minority Interest 0.0 Analyst Recs 1
Cash and Equivalents 127.44 Consensus Rating 1.000
Enterprise Value 610.11
Average Volume 5 Day 286'340
CDU AT EQUITY YTD Change - Average Volume 30 Day 187'246
CDU AT EQUITY YTD % CHANGE - Average Volume 3 Month 165'709
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - 0.0 0.0 - - - - - -
- - - - - - - - - - -
(2.3) (1.1) (8.3) (4.8) (5.6) - - - - - -
- - - - - - - - - - -
0.9 (0.1) (10.6) (3.6) 0.8 - - - - - -
- - - - 797.50x - - - - - -
EBITDA -5.64 Long-Term Rating Date -
EBIT -5.77 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets 0.34% Short-Term Rating -
Return on Common Equity 0.34%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 40.76 Net Fixed Asset Turnover 0.00
Quick Ratio 40.00 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Cudeco LtdPrice/Volume
Valuation Analysis
91'736.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
/
0
1
2
3
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0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.--&--
/--&--
0--&--
1--&--
2--&--
3--&--
4--&--
5--&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
M&G INVESTMENT MANAG n/a EXCH 34'402'883 17.21 511'413 15.02.2013 Investment Advisor
NEW APEX ASIA INV LT n/a EXCH 23'977'000 12 - 08.12.2011 Other
CHINA OCEANWIDE HLDG n/a EXCH 21'919'315 10.97 719'315 28.05.2012 Unclassified
VANGUARD GROUP INC n/a EXCH 18'230'000 9.12 1'806'713 19.09.2012 Investment Advisor
MCCRAE WAYNE MICHAEL n/a EXCH 8'118'906 4.06 10'000 25.02.2013 n/a
KALDIG PTY LTD #N/A N/A EXCH 2'262'000 1.13 - 26.02.2013 Corporation
HUTCHISON PETER ROBE n/a EXCH 1'282'534 0.64 250'000 23.12.2011 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 818'482 0.41 114'501 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 573'269 0.29 - 31.07.2012 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 287'561 0.14 11'400 28.01.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 233'986 0.12 - 25.02.2013 Investment Advisor
KERAN VITIE PAUL n/a EXCH 170'000 0.09 100'000 23.12.2011 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 164'511 0.08 (12'399) 31.08.2011 Investment Advisor
WELLS FARGO n/a ULT-AGG 133'726 0.07 37 31.12.2012 Unclassified
TAYLOR DAVID JOHN ED n/a EXCH 132'000 0.07 100'000 23.12.2011 n/a
LAMBERT GERALD ADRIA n/a EXCH 120'000 0.06 100'000 23.12.2011 n/a
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 75'000 0.04 - 30.06.2011 Mutual Fund Manager
ROWE LISA SHARON n/a Co File 50'000 0.03 - 06.06.2011 n/a
LIU HONGWEI n/a EXCH 25'500 0.01 2'500 13.02.2013 n/a
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 23'439 0.01 (1'991) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Cudeco Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Ten Network Holdings Limited operates commercial television stations through
five capital cities in Australia known as the Ten Network. The Company
broadcasts and produces television shows, movies, news and sporting events.
The Company also provides outdoor advertising services.
Latest Fiscal Year: 08/2012
LTM as of: 01/yy
52-Week High (27.03.2012) 0.68
52-Week Low (29.10.2012) 0.22
Daily Volume
0.33
52-Week High % Change -51.28% Dividend Yield 0.00
52-Week Low % Change 50.20% Beta 1.09
% 52 Week Price Range High/Low 24.10% Equity Float 1'825.79
Shares Out 31.08.2012 2'587.0 Short Int -
853.70 1 Yr Total Return -47.33%
Total Debt 273.26 YTD Return 13.79%
Preferred Stock 0.0 Adjusted BETA 1.095
Minority Interest 12.1 Analyst Recs 16
Cash and Equivalents 93.30 Consensus Rating 2.500
Enterprise Value 1'045.76
Average Volume 5 Day 15'726'970
TEN AT EQUITY YTD Change - Average Volume 30 Day 14'634'930
TEN AT EQUITY YTD % CHANGE - Average Volume 3 Month 14'401'840
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.08.2008 31.08.2009 31.08.2010 31.08.2011 31.08.2012 01/yy 01/yy 08/13 Y 08/14 Y - -
1'003.1 901.5 990.5 998.7 726.7 - - 664.8 713.3 - -
2.10x 1.87x 1.74x 1.32x 1.03x - - 1.33x 1.21x - -
212.3 12.6 207.9 - 86.6 - - 45.2 72.6 - -
9.92x 133.58x 8.30x - 8.60x - - 23.15x 14.41x - -
273.5 (89.4) 150.0 14.2 (12.9) - - 1.4 25.3 - -
5.73x - 9.51x 69.12x - - - 330.00x 33.00x - -
EBITDA 86.60 Long-Term Rating Date -
EBIT 68.18 Long-Term Rating -
Operating Margin 9.38% Long-Term Outlook -
Pretax Margin 2.25% Short-Term Rating Date -
Return on Assets -0.77% Short-Term Rating -
Return on Common Equity -1.48%
Return on Capital 0.68% EBITDA/Interest Exp. 2.66
Asset Turnover 0.43% (EBITDA-Capex)/Interest Exp. 1.95
Net Debt/EBITDA 2.06
Gross Margin - Total Debt/EBITDA 3.13
EBITDA Margin 12.0%
EBIT Margin 9.4% Total Debt/Equity 29.4%
Net Income Margin -1.8% Total Debt/Capital 22.5%
Asset Turnover 0.43
Current Ratio 1.19 Net Fixed Asset Turnover 9.91
Quick Ratio 0.47 Accounts receivable turnover-days 76.72
Debt to Assets 16.32% Inventory Days -
Tot Debt to Common Equity 29.39% Accounts Payable Turnover Day -
Accounts Receivable Turnover 4.77 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Ten Network Holdings LtdPrice/Volume
Valuation Analysis
5'344'383.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
-
-
.
.
.
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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.--&- 9
./-&- 9
.1-&- 9
.3-&- 9
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-1&-6&/--6 -1&-0&/-.- -1&-6&/-.- -1&-0&/-.. -1&-6&/-.. -1&-0&/-./ -1&-6&/-./
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HANCOCK PROSPECTING n/a ULT-AGG 256'396'911 9.91 - 29.01.2013 Corporation
ILLYRIA INV TRUST NO n/a EXCH 231'220'579 8.94 - 29.01.2013 n/a
CAVALANE HLDGS PTY L n/a EXCH 231'220'579 8.94 - 29.01.2013 n/a
BIRKETU PTY LTD n/a Co File 146'559'823 5.67 - 26.10.2011 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 125'137'156 4.84 (21'808'752) 29.01.2013 Bank
LAZARD ASSET MANAGEM n/a ULT-AGG 112'414'288 4.35 - 01.11.2012 Unclassified
ALLARD SERVICES PTY n/a EXCH 30'156'795 1.17 - 15.02.2013 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 17'191'894 0.66 3'876'060 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 10'404'660 0.4 - 31.07.2012 Investment Advisor
FIDELITY INVESTMENTS Multiple Portfolios MF-AGG 6'103'439 0.24 - 31.12.2010 Mutual Fund Manager
GLEESON PROPERTIES P n/a EXCH 5'770'241 0.22 - 15.02.2013 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'366'178 0.17 (34'025) 30.09.2012 Mutual Fund Manager
GLEESON PAUL V n/a EXCH 2'938'274 0.11 - 15.02.2013 n/a
BLACKROCK n/a ULT-AGG 2'478'760 0.1 (9'454) 25.02.2013 Investment Advisor
COWIN JACK J n/a EXCH 2'475'000 0.1 1'100'000 29.01.2013 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 670'284 0.03 (170'149) 31.08.2011 Investment Advisor
LONG BRIAN J n/a EXCH 533'250 0.02 237'000 29.01.2013 n/a
INVESCO LTD Multiple Portfolios MF-AGG 511'377 0.02 - 26.02.2013 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 384'548 0.01 - 28.12.2012 Unclassified
INVESCO ASSET MANAGE Multiple Portfolios MF-AGG 365'665 0.01 365'665 31.05.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura DANIEL BLAIR reduce 2 M 0 Not Provided 25.02.2013
EVA Dimensions CRAIG STERLING hold 3 U #N/A N/A Not Provided 20.02.2013
Morgan Stanley ANDREW MCLEOD Overwt/Cautious 5 M 1 12 month 19.02.2013
Deutsche Bank JENNIFER KRUK hold 3 M 0 12 month 12.02.2013
Macquarie DERRYN CHIN underperform 1 M 0 12 month 05.02.2013
JPMorgan JARROD MCDONALD neutral 3 M 0 3 month 16.01.2013
Goldman Sachs CHRISTIAN GUERRA Sell/Cautious 1 M 0 12 month 10.12.2012
Commonwealth Bank ALICE BENNETT underweight 1 M 0 12 month 10.12.2012
Credit Suisse SAMANTHA CARLETON outperform 5 U 0 Not Provided 06.12.2012
CIMB FRASER MCLEISH underperform 1 M 0 12 month 06.12.2012
BBY Limited MARK MCDONNELL underperform 1 M 0 12 month 06.12.2012
Evans & Partners Pty Ltd PETER STAMOULIS negative 2 D #N/A N/A Not Provided 13.05.2012
Holdings By:
Ten Network Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Cabcharge Australia Limited operates a national charge facility in Australia,
which provides for the payment of taxi fares and hire charges via a number of
methods of transportation, including hire cars, water taxis, coaches and certain
air-transport operators. The Company also provides communications network
facilities to the taxi industry.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (07.05.2012) 6.57
52-Week Low (23.11.2012) 3.57
Daily Volume
4.85
52-Week High % Change -26.18% Dividend Yield -
52-Week Low % Change 35.85% Beta 0.72
% 52 Week Price Range High/Low 41.33% Equity Float 110.07
Shares Out 31.12.2012 120.4 Short Int -
584.09 1 Yr Total Return -5.35%
Total Debt 166.47 YTD Return 10.73%
Preferred Stock 0.0 Adjusted BETA 0.725
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 51.16 Consensus Rating 2.600
Enterprise Value 723.14
Average Volume 5 Day 456'209
CAB AT EQUITY YTD Change - Average Volume 30 Day 330'993
CAB AT EQUITY YTD % CHANGE - Average Volume 3 Month 382'143
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
159.8 173.6 161.7 171.0 179.5 - - 196.9 203.5 - -
6.55x 4.03x 4.42x 4.35x 4.00x - - 3.59x 3.43x - -
81.8 83.6 78.5 68.1 83.4 - - 85.0 86.1 - -
12.81x 8.38x 9.11x 10.93x 8.60x - - 8.51x 8.40x - -
59.0 61.4 57.6 46.1 60.0 - - 65.9 65.1 - -
16.30x 10.12x 10.75x 13.45x 10.06x - - 8.83x 8.95x - -
EBITDA 83.43 Long-Term Rating Date -
EBIT 70.39 Long-Term Rating -
Operating Margin 39.21% Long-Term Outlook -
Pretax Margin 44.37% Short-Term Rating Date -
Return on Assets 12.89% Short-Term Rating -
Return on Common Equity 21.05%
Return on Capital - EBITDA/Interest Exp. 8.74
Asset Turnover 0.36% (EBITDA-Capex)/Interest Exp. 8.22
Net Debt/EBITDA 1.70
Gross Margin - Total Debt/EBITDA 2.14
EBITDA Margin 43.6%
EBIT Margin 36.6% Total Debt/Equity 51.9%
Net Income Margin 33.4% Total Debt/Capital 34.2%
Asset Turnover 0.36
Current Ratio 1.28 Net Fixed Asset Turnover 3.94
Quick Ratio 0.87 Accounts receivable turnover-days 171.09
Debt to Assets 31.97% Inventory Days -
Tot Debt to Common Equity 51.90% Accounts Payable Turnover Day -
Accounts Receivable Turnover 2.14 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Cabcharge Australia LtdPrice/Volume
Valuation Analysis
503'294.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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200.0
300.0
400.0
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600.0
700.0
800.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ABERDEEN n/a ULT-AGG 20'274'227 16.83 2'316'555 31.01.2013 Unclassified
LAZARD ASSET MANAGEM n/a ULT-AGG 12'182'819 10.12 - 12.11.2012 Unclassified
COMMONWEALTH BANK OF n/a EXCH 7'367'022 6.12 1'270'457 20.05.2011 Bank
CREDIT SUISSE AG n/a EXCH 5'997'624 4.98 (41'712) 21.06.2011 Investment Advisor
CALEDONIA INVESTMENT n/a EXCH 5'917'903 4.91 (594'116) 25.08.2011 Investment Advisor
INVESTORS MUTUAL LTD n/a EXCH 5'777'526 4.8 (527'845) 12.11.2012 Hedge Fund Manager
MASSACHUSETTS FINANC Multiple Portfolios MF-AGG 2'368'487 1.97 72'476 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'148'426 0.95 5'400 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 832'989 0.69 52'774 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 716'483 0.59 - 31.07.2012 Investment Advisor
WELLS FARGO n/a ULT-AGG 468'605 0.39 15 31.12.2012 Unclassified
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 415'110 0.34 126'916 30.09.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 406'830 0.34 172'923 31.12.2012 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 402'530 0.33 107'100 28.01.2013 Investment Advisor
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 303'502 0.25 - 28.09.2012 Investment Advisor
ARMSTRONG IAN ALEXAN n/a Co File 250'000 0.21 - 27.09.2012 n/a
BLACKROCK n/a ULT-AGG 164'940 0.14 - 25.02.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 162'387 0.13 - 25.02.2013 Investment Advisor
VALIC CO I Multiple Portfolios MF-AGG 160'590 0.13 - 31.12.2012 Investment Advisor
KERMODE REGINALD LIO n/a EXCH 100'000 0.08 (68'072) 10.10.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Wilson HTM Investment Group JAMES FERRIER hold 3 M 4 Not Provided 22.02.2013
Goldman Sachs JIM GODSIL Sell/Neutral 1 M 4 12 month 21.02.2013
JPMorgan RUSSELL GILL underweight 1 M 4 3 month 21.02.2013
Macquarie JODIE BANNAN underperform 1 M 4 12 month 21.02.2013
CIMB TIM PLUMBE neutral 3 D 5 12 month 21.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 15.01.2013
Moelis & Company ADAM S MICHELL sell 1 N 4 12 month 13.12.2012
Deutsche Bank WASSIM KISIRWANI hold 3 M 4 12 month 23.11.2012
Credit Suisse PAUL BUYS neutral 3 M 5 Not Provided 07.11.2012
Holdings By:
Cabcharge Australia Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Drillsearch Energy Ltd. is an oil and gas explorer and developer focused on
the prospective Cooper-Eromanga Basin. The Company has established a holding of
oil, wet gas, and unconventional exploration permits covering a large area in
the Cooper-Eromanga Basin.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (11.09.2012) 1.71
52-Week Low (12.07.2012) 0.94
Daily Volume
1.33
52-Week High % Change -22.44% Dividend Yield 0.00
52-Week Low % Change 41.64% Beta 1.21
% 52 Week Price Range High/Low 54.91% Equity Float 349.15
Shares Out 25.12.2012 427.4 Short Int -
568.38 1 Yr Total Return -7.20%
Total Debt 0.00 YTD Return -12.50%
Preferred Stock 0.0 Adjusted BETA 1.212
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 45.61 Consensus Rating 4.200
Enterprise Value 522.77
Average Volume 5 Day 1'459'704
DLS AT EQUITY YTD Change - Average Volume 30 Day 1'859'292
DLS AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'489'458
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
22.3 9.3 6.0 14.3 22.4 - - 106.2 214.6 - -
2.48x 4.94x 16.97x 4.87x 13.02x - - 5.71x 2.60x - -
6.5 11.7 (10.6) (4.3) 6.8 - - 59.6 131.9 - -
8.54x 3.94x - - 42.91x - - 8.78x 3.96x - -
(14.1) (9.7) (24.6) (5.5) 10.0 - - 28.6 65.3 - -
- - - - 22.22x - - 18.73x 8.75x - -
EBITDA 6.80 Long-Term Rating Date -
EBIT 0.71 Long-Term Rating -
Operating Margin 3.18% Long-Term Outlook -
Pretax Margin 15.54% Short-Term Rating Date -
Return on Assets 7.10% Short-Term Rating -
Return on Common Equity 7.92%
Return on Capital - EBITDA/Interest Exp. 50.75
Asset Turnover 0.16% (EBITDA-Capex)/Interest Exp. -228.87
Net Debt/EBITDA -6.71
Gross Margin 36.1% Total Debt/EBITDA 0.00
EBITDA Margin 30.3%
EBIT Margin 3.2% Total Debt/Equity 0.0%
Net Income Margin 44.5% Total Debt/Capital 0.0%
Asset Turnover 0.16
Current Ratio 3.79 Net Fixed Asset Turnover 0.32
Quick Ratio 2.58 Accounts receivable turnover-days 35.70
Debt to Assets 0.00% Inventory Days 28.34
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 183.42
Accounts Receivable Turnover 10.25 Cash Conversion Cycle -119.38
Inventory Turnover 12.92
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Drillsearch Energy LtdPrice/Volume
Valuation Analysis
980'624.00
Current Price (2/dd/yy) Market Data
---.....//
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5.0
10.0
15.0
20.0
25.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
QGC PTY LTD n/a Co File 36'216'094 8.47 - 23.08.2012 Corporation
NATIONAL AUSTRALIA B n/a ULT-AGG 29'307'967 6.86 4'046'055 28.11.2012 Bank
WILSON HTM INVESTMEN n/a EXCH 15'613'131 3.65 (2'156'580) 17.02.2012 Investment Advisor
UBS n/a ULT-AGG 14'800'573 3.46 (702'214) 06.07.2011 Unclassified
UOB-KAY HIAN PTE LTD n/a Co File 14'362'599 3.36 - 23.08.2012 Corporation
CHOO BENG KAI n/a EXCH 7'874'918 1.84 219'155 19.12.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'713'698 0.87 119'957 31.12.2012 Investment Advisor
BOUNTY OIL & GAS NL n/a Co File 3'499'639 0.82 - 23.08.2012 Corporation
SWEE POOK TEH n/a Co File 3'469'663 0.81 - 23.08.2012 n/a
DMG & PARTNERS SECUR n/a Co File 2'965'906 0.69 - 23.08.2012 Unclassified
KOK KENG LIEM n/a Co File 2'650'000 0.62 - 23.08.2012 n/a
ZONEX CAPITAL PTY LT n/a Co File 2'374'409 0.56 - 23.08.2012 Other
PHILLIP SECURITIES P n/a Co File 2'205'139 0.52 - 23.08.2012 Private Equity
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'109'202 0.49 - 31.07.2012 Investment Advisor
CABLEXINDUSTRIES PTY n/a Co File 2'000'000 0.47 - 23.08.2012 Corporation
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'834'980 0.43 215'499 30.09.2012 Mutual Fund Manager
GLENLUCE PROPERTIES n/a EXCH 1'308'265 0.31 75'000 01.02.2013 Other
MCKERLIE JAMES DAVID n/a EXCH 1'233'265 0.29 112'115 19.12.2012 n/a
BLACKROCK n/a ULT-AGG 547'083 0.13 - 25.02.2013 Investment Advisor
LINGO BRADLEY WILLIA n/a EXCH 121'375 0.03 15'000 04.02.2013 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie KIRIT HIRA outperform 5 U 2 12 month 22.02.2013
Wilson HTM Investment Group JOHN YOUNG buy 5 M 2 Not Provided 22.02.2013
Morgan Stanley CAMERON O'NEILL Equalwt/Attractive 3 M 1 12 month 21.02.2013
Goldman Sachs MARK WISEMAN neutral/neutral 3 M 2 12 month 21.02.2013
RBC Capital Markets ANDREW WILLIAMS outperform 5 M 2 12 month 21.02.2013
Commonwealth Bank LUKE SMITH overweight 5 M 2 12 month 21.02.2013
Bell Potter JOHAN HEDSTROM buy 5 M 2 12 month 21.02.2013
Deutsche Bank ANDREW LEWANDOWSKI buy 5 M 2 12 month 16.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Canaccord Genuity Corp IAN OOI buy 5 M #N/A N/A Not Provided 21.02.2012
Holdings By:
Drillsearch Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
G.U.D. Holdings Limited manufactures and markets consumer and industrial
products. The Company's products includes small electrical appliances,
lawnmowers, cleaning products, automotive parts, water transfer pumps and water
pressure systems, security products, swimming pool pumps, and spa bath
controllers.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (13.08.2012) 8.87
52-Week Low (29.02.2012) 6.96
Daily Volume
7.21
52-Week High % Change -18.75% Dividend Yield 8.46
52-Week Low % Change 3.65% Beta 0.78
% 52 Week Price Range High/Low 13.75% Equity Float 71.12
Shares Out 31.12.2012 71.3 Short Int -
514.37 1 Yr Total Return 11.48%
Total Debt 36.62 YTD Return -12.64%
Preferred Stock 0.0 Adjusted BETA 0.783
Minority Interest 0.0 Analyst Recs 11
Cash and Equivalents 19.25 Consensus Rating 2.818
Enterprise Value 599.74
Average Volume 5 Day 488'178
GUD AT EQUITY YTD Change - Average Volume 30 Day 657'180
GUD AT EQUITY YTD % CHANGE - Average Volume 3 Month 416'990
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
469.0 468.3 474.7 592.8 609.1 - - 615.5 639.5 - -
1.12x 1.02x 1.23x 1.23x 1.03x - - 0.95x 0.92x - -
80.7 72.4 79.4 84.1 80.7 - - 76.4 82.4 - -
6.50x 6.58x 7.38x 8.69x 7.76x - - 7.85x 7.28x - -
37.4 34.8 46.4 39.7 92.8 - - 40.7 44.1 - -
13.99x 10.70x 11.31x 15.66x 6.50x - - 12.50x 11.55x - -
EBITDA 80.66 Long-Term Rating Date -
EBIT 66.95 Long-Term Rating -
Operating Margin 10.99% Long-Term Outlook -
Pretax Margin 20.32% Short-Term Rating Date -
Return on Assets 18.25% Short-Term Rating -
Return on Common Equity 35.21%
Return on Capital 24.41% EBITDA/Interest Exp. 8.84
Asset Turnover 1.27% (EBITDA-Capex)/Interest Exp. 7.91
Net Debt/EBITDA 1.14
Gross Margin 40.2% Total Debt/EBITDA 1.43
EBITDA Margin 12.3%
EBIT Margin 10.1% Total Debt/Equity 13.4%
Net Income Margin 15.2% Total Debt/Capital 11.8%
Asset Turnover 1.27
Current Ratio 1.82 Net Fixed Asset Turnover 19.16
Quick Ratio 0.87 Accounts receivable turnover-days 61.71
Debt to Assets 8.54% Inventory Days 100.06
Tot Debt to Common Equity 13.38% Accounts Payable Turnover Day 70.81
Accounts Receivable Turnover 5.93 Cash Conversion Cycle 92.26
Inventory Turnover 3.66
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
GUD Holdings LtdPrice/Volume
Valuation Analysis
143'335.00
Current Price (2/dd/yy) Market Data
-./0123456
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
UBS n/a ULT-AGG 4'144'484 5.81 - 21.01.2013 Unclassified
WESTPAC BANKING CORP n/a Co File 3'454'773 4.84 - 17.08.2012 Bank
PERPETUAL LTD n/a EXCH 3'370'694 4.72 (118'934) 27.10.2011 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 2'534'000 3.55 - 29.06.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 1'777'058 2.49 (300) 31.01.2013 Mutual Fund Manager
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'395'000 1.96 - 30.06.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 977'619 1.37 81'734 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 656'641 0.92 (85'345) 26.02.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 572'228 0.8 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 512'802 0.72 25'397 30.09.2012 Mutual Fund Manager
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 345'236 0.48 91'350 28.01.2013 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 269'503 0.38 37'000 31.01.2013 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 208'734 0.29 208'734 30.09.2012 Investment Advisor
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 149'522 0.21 149'522 30.09.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 141'556 0.2 - 25.02.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 95'417 0.13 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 81'388 0.11 31'182 31.08.2011 Investment Advisor
WODSON ROGER JAMES n/a EXCH 73'359 0.1 - 31.12.2011 n/a
HALL CLIVE KAY n/a EXCH 73'210 0.1 - 31.12.2011 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 66'346 0.09 66'346 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 31.01.2013
Wilson HTM Investment Group JAMES FERRIER hold 3 M 8 Not Provided 30.01.2013
Macquarie ADAM SIMPSON neutral 3 M 8 12 month 23.01.2013
Moelis & Company ADAM S MICHELL sell 1 M 8 12 month 23.01.2013
Goldman Sachs GEORGE BATSAKIS neutral/neutral 3 M 8 12 month 22.01.2013
Credit Suisse PAUL BUYS neutral 3 M 8 Not Provided 22.01.2013
JPMorgan ARMINA SOEMINO neutral 3 M 7 9 month 22.01.2013
CIMB MATTHEW NICHOLAS neutral 3 M 8 12 month 22.01.2013
Bell Potter SAM HADDAD hold 3 M 8 12 month 22.01.2013
Holdings By:
GUD Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Breville Group Ltd. designs and markets electrical consumer appliances. The
Company markets espresso machines, citrus presses, grills, juicers, toasters,
kettles, vacuum cleaners, sandwich makers, rice cookers, heating and cooling
products, electric shavers, irons, cookware, and cutlery.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.02.2013) 7.34
52-Week Low (29.02.2012) 3.40
Daily Volume
5.4
52-Week High % Change -26.43% Dividend Yield 4.72
52-Week Low % Change 58.82% Beta 0.76
% 52 Week Price Range High/Low 53.30% Equity Float 91.73
Shares Out 31.12.2012 130.1 Short Int -
702.51 1 Yr Total Return 58.87%
Total Debt 6.08 YTD Return -18.80%
Preferred Stock 0.0 Adjusted BETA 0.764
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 53.10 Consensus Rating 4.111
Enterprise Value 672.34
Average Volume 5 Day 2'406'005
BRG AT EQUITY YTD Change - Average Volume 30 Day 630'945
BRG AT EQUITY YTD % CHANGE - Average Volume 3 Month 461'246
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
410.2 431.9 394.4 393.6 408.5 - - 467.9 487.3 - -
0.44x 0.35x 0.68x 1.02x 1.28x - - 1.38x 1.30x - -
34.5 34.8 49.3 58.3 72.3 - - 78.4 79.4 - -
5.19x 4.38x 5.44x 6.89x 7.23x - - 8.58x 8.47x - -
20.9 11.8 22.6 31.7 46.0 - - 49.2 50.5 - -
6.95x 10.13x 12.27x 13.49x 12.39x - - 14.36x 14.06x - -
EBITDA 72.33 Long-Term Rating Date -
EBIT 65.44 Long-Term Rating -
Operating Margin 16.02% Long-Term Outlook -
Pretax Margin 15.83% Short-Term Rating Date -
Return on Assets 14.84% Short-Term Rating -
Return on Common Equity 25.95%
Return on Capital - EBITDA/Interest Exp. 175.56
Asset Turnover 1.41% (EBITDA-Capex)/Interest Exp. 173.75
Net Debt/EBITDA -0.39
Gross Margin 34.6% Total Debt/EBITDA 0.28
EBITDA Margin 16.7%
EBIT Margin 15.1% Total Debt/Equity 3.4%
Net Income Margin 11.3% Total Debt/Capital 3.3%
Asset Turnover 1.41
Current Ratio 2.39 Net Fixed Asset Turnover 110.69
Quick Ratio 1.57 Accounts receivable turnover-days 101.36
Debt to Assets 2.18% Inventory Days 85.98
Tot Debt to Common Equity 3.42% Accounts Payable Turnover Day 111.89
Accounts Receivable Turnover 3.61 Cash Conversion Cycle 66.25
Inventory Turnover 4.26
Fiscal Year Ended
Breville Group LtdPrice/Volume
Valuation Analysis
1'952'596.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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/
0
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2
3
4
5
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
PREMIER INVESTMENTS n/a Co File 33'452'910 25.71 - 04.09.2012 Corporation
NATIONAL AUSTRALIA B n/a ULT-AGG 8'546'273 6.57 - 04.09.2012 Bank
BENNELONG FUNDS MANA n/a EXCH 6'881'218 5.29 - 12.09.2012 Investment Advisor
COMMONWEALTH BANK OF #N/A N/A EXCH 6'595'463 5.07 249'824 20.02.2013 Bank
PERPETUAL LTD n/a EXCH 5'646'860 4.34 (1'117'232) 27.09.2012 Investment Advisor
LEW FAMILY INV PTY L n/a Co File 3'427'179 2.63 - 04.09.2012 n/a
DANCETOWN PTY LTD n/a Co File 3'000'000 2.31 - 04.09.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'605'776 2 - 31.07.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 792'877 0.61 (325'323) 30.09.2012 Investment Advisor
JOSSECK PTY LTD n/a Co File 775'567 0.6 - 04.09.2012 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 719'904 0.55 418'113 31.12.2012 Investment Advisor
NOFUSA PTY LTD n/a Co File 650'000 0.5 - 04.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 508'492 0.39 508'492 30.09.2012 Mutual Fund Manager
ZEVIN ASSET MANAGEME ZEVIN ASSET MANAGEME 13F 434'925 0.33 434'925 31.12.2012 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 383'335 0.29 - 31.01.2013 Investment Advisor
VANTAGEPOINT INVESTM Multiple Portfolios MF-AGG 352'700 0.27 (48'200) 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 180'123 0.14 57'903 31.12.2012 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 122'693 0.09 - 25.02.2013 Investment Advisor
WEISS SAMUEL SCOTT n/a Co File 121'775 0.09 - 23.08.2012 n/a
KLEIN STEVEN n/a Co File 117'189 0.09 - 23.08.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie ADAM SIMPSON outperform 5 M 6 12 month 21.02.2013
Wilson HTM Investment Group JAMES FERRIER buy 5 M 7 Not Provided 21.02.2013
Moelis & Company TODD W GUYOT hold 3 D 6 12 month 21.02.2013
Goldman Sachs GEORGE BATSAKIS neutral/neutral 3 M 6 12 month 20.02.2013
Credit Suisse PAUL BUYS neutral 3 D 6 Not Provided 20.02.2013
CIMB MATTHEW NICHOLAS outperform 5 M 6 12 month 20.02.2013
Bell Potter SAM HADDAD hold 3 D 6 12 month 20.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 15.01.2013
Holdings By:
Breville Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mount Gibson Iron Limited is an iron ore exploration and production company.
The Company holds mining leases covering hematite and magnetite deposits at
Mount Gibson in Western Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 1.31
52-Week Low (29.11.2012) 0.62
Daily Volume
0.76
52-Week High % Change -41.98% Dividend Yield -
52-Week Low % Change 23.58% Beta 1.92
% 52 Week Price Range High/Low 23.74% Equity Float 317.84
Shares Out 31.12.2012 1'090.6 Short Int -
828.84 1 Yr Total Return -38.19%
Total Debt 47.02 YTD Return -8.98%
Preferred Stock 0.0 Adjusted BETA 1.920
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 40.68 Consensus Rating 3.500
Enterprise Value 775.29
Average Volume 5 Day 5'776'302
MGX AT EQUITY YTD Change - Average Volume 30 Day 4'001'948
MGX AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'897'584
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
432.7 410.8 536.3 647.2 637.0 - - 878.9 725.9 - -
6.05x 2.21x 2.91x 2.97x 1.48x - - 0.56x 0.50x - -
363.3 314.6 436.1 521.3 538.1 - - 388.4 325.0 - -
7.20x 2.88x 3.57x 3.68x 1.75x - - 2.00x 2.39x - -
113.3 42.6 132.4 239.5 172.5 - - 146.7 133.5 - -
21.89x 19.74x 12.60x 8.31x 5.40x - - 5.71x 6.39x - -
EBITDA 538.06 Long-Term Rating Date -
EBIT 240.46 Long-Term Rating -
Operating Margin 37.75% Long-Term Outlook -
Pretax Margin 37.61% Short-Term Rating Date -
Return on Assets 5.48% Short-Term Rating -
Return on Common Equity 7.57%
Return on Capital - EBITDA/Interest Exp. 85.26
Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. 70.59
Net Debt/EBITDA -
Gross Margin 41.4% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 19.0% Total Debt/Equity 3.7%
Net Income Margin 27.1% Total Debt/Capital 3.6%
Asset Turnover 0.42
Current Ratio 3.36 Net Fixed Asset Turnover 0.68
Quick Ratio 0.33 Accounts receivable turnover-days 14.78
Debt to Assets 2.63% Inventory Days 147.48
Tot Debt to Common Equity 3.68% Accounts Payable Turnover Day 61.08
Accounts Receivable Turnover 24.76 Cash Conversion Cycle 169.14
Inventory Turnover 2.48
Fiscal Year Ended
Mount Gibson Iron LtdPrice/Volume
Valuation Analysis
4'839'407.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
.
.
.
.
.
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
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/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
COL CAPITAL LTD n/a Co File 282'992'277 25.95 - 21.08.2012 Corporation
APAC RESOURCES LTD n/a Co File 279'877'774 25.66 - 21.08.2012 Corporation
SHOUGANG CONCORD INT n/a Co File 154'166'874 14.14 - 21.08.2012 Corporation
PARADICE INVESTMENT n/a EXCH 53'763'579 4.93 (1'850'684) 28.09.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 12'357'495 1.13 (2'760'012) 31.08.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 9'014'849 0.83 - 31.07.2012 Investment Advisor
LANDESBANK BERLIN IN Multiple Portfolios MF-AGG 7'298'386 0.67 - 31.01.2013 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'967'505 0.64 50'100 31.12.2012 Investment Advisor
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 6'433'498 0.59 - 30.06.2011 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 5'295'100 0.49 266'500 30.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'985'719 0.46 365'154 30.09.2012 Mutual Fund Manager
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'711'350 0.43 679'588 31.12.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 4'661'159 0.43 131'252 31.12.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 3'157'245 0.29 (912'780) 25.02.2013 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 1'580'558 0.14 - 25.02.2013 Investment Advisor
GLENMEDE ADVISORS IN Multiple Portfolios MF-AGG 1'580'245 0.14 - 31.10.2012 Investment Advisor
TD ASSET MANAGEMENT Multiple Portfolios MF-AGG 1'155'018 0.11 190'496 31.12.2011 Investment Advisor
MACLIVER IAN ALEXAND n/a EXCH 1'000'000 0.09 - 16.11.2011 n/a
SMITH BARNEY FUND MA Multiple Portfolios MF-AGG 922'396 0.08 112'442 31.12.2012 Investment Advisor
MUNDER CAPITAL MANAG Multiple Portfolios MF-AGG 657'228 0.06 (3'437) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 D #N/A N/A Not Provided 25.02.2013
Wilson HTM Investment Group ANDREW PEDLER hold 3 D 1 Not Provided 20.02.2013
Nomura DAVID RADCLYFFE neutral 3 M 1 Not Provided 20.02.2013
Deutsche Bank PAUL-D YOUNG buy 5 M 1 12 month 19.02.2013
Goldman Sachs OWEN BIRRELL neutral/attractive 3 M 1 12 month 19.02.2013
RBC Capital Markets CHRIS DREW outperform 5 U 1 12 month 19.02.2013
Credit Suisse MATTHEW HOPE neutral 3 M 1 Not Provided 19.02.2013
JPMorgan MARK BUSUTTIL neutral 3 M 1 9 month 19.02.2013
Macquarie LEE BOWERS neutral 3 M 1 12 month 19.02.2013
CIMB MICHAEL EVANS outperform 5 M 1 12 month 19.02.2013
Argonaut Securities Pty Ltd ADAM MIETHKE buy 5 M 1 Not Provided 19.02.2013
Paterson Securities TIM MCCORMACK hold 3 M 1 12 month 22.01.2013
Foster Stockbroking MARTIN CAROLAN buy 5 M 2 Not Provided 02.02.2012
Holdings By:
Mount Gibson Iron Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Buru Energy, Ltd. is an oil and gas exploration and production company.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (26.03.2012) 3.85
52-Week Low (02.03.2012) 1.75
Daily Volume
2.44
52-Week High % Change -36.62% Dividend Yield 0.00
52-Week Low % Change 39.43% Beta 0.62
% 52 Week Price Range High/Low 26.19% Equity Float 225.81
Shares Out 22.01.2013 273.9 Short Int -
668.35 1 Yr Total Return 19.61%
Total Debt 0.00 YTD Return 1.67%
Preferred Stock 0.0 Adjusted BETA 0.623
Minority Interest 0.0 Analyst Recs 5
Cash and Equivalents 62.36 Consensus Rating 4.200
Enterprise Value 605.99
Average Volume 5 Day 1'151'857
BRU AT EQUITY YTD Change - Average Volume 30 Day 1'055'108
BRU AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'029'066
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- 3.2 2.6 1.5 2.0 - - 9.8 29.5 - -
- - 10.54x 60.26x 359.31x - - 64.49x 22.29x - -
- - (7.0) (17.8) (15.0) - - (11.3) 20.3 - -
- - - - - - - - 29.91x - -
- (32.4) (4.4) (10.3) (5.5) - - (7.0) 10.8 - -
- - - - - - - - 64.21x - -
EBITDA -15.01 Long-Term Rating Date -
EBIT -15.26 Long-Term Rating -
Operating Margin -755.35% Long-Term Outlook -
Pretax Margin -366.44% Short-Term Rating Date -
Return on Assets -4.54% Short-Term Rating -
Return on Common Equity -7.74%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.02% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin -14.3% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin -755.3% Total Debt/Equity 0.0%
Net Income Margin -272.6% Total Debt/Capital 0.0%
Asset Turnover 0.02
Current Ratio 13.36 Net Fixed Asset Turnover 0.07
Quick Ratio 11.64 Accounts receivable turnover-days 72.02
Debt to Assets 0.00% Inventory Days 724.63
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 223.97
Accounts Receivable Turnover 5.08 Cash Conversion Cycle 572.68
Inventory Turnover 0.51
Fiscal Year Ended
Buru Energy LtdPrice/Volume
Valuation Analysis
1'329'037.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
1
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/&- 9
1&- 9
3&- 9
5&- 9
.-&- 9
./&- 9
.1&- 9
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/-&--
1-&--
3-&--
5-&--
.--&--
./-&--
.1-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
STREITBERG ERIC CHAR n/a EXCH 28'700'566 10.48 5'299'500 14.12.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 18'259'264 6.67 - 09.09.2011 Investment Advisor
NEW STANDARD ENERGY n/a EXCH 10'000'000 3.65 (5'000'000) 02.08.2012 Corporation
TROJAN EQUITY LTD n/a EXCH 8'640'516 3.15 (2'373'479) 11.10.2010 Investment Advisor
STREITBERG TOM n/a Co File 3'783'440 1.38 - 30.06.2012 n/a
RILEY GRAHAM DOUGLAS n/a Co File 3'000'000 1.1 - 14.08.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'756'352 0.64 87'072 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'055'445 0.39 52'050 30.09.2012 Mutual Fund Manager
TINTERN PTY LTD n/a EXCH 980'132 0.36 - 09.11.2012 Other
MILLER AUSTIN D n/a EXCH 645'000 0.24 - 09.11.2012 n/a
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 600'000 0.22 - 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 592'097 0.22 - 31.07.2012 Investment Advisor
EDWARDS PETER n/a Co File 494'198 0.18 - 30.06.2012 n/a
BLACKROCK n/a ULT-AGG 289'786 0.11 - 25.02.2013 Investment Advisor
JONES PETER VERNON n/a Co File 248'277 0.09 - 14.08.2012 n/a
HARTFORD INVESTMENT Multiple Portfolios MF-AGG 224'461 0.08 - 31.01.2013 Investment Advisor
RUDGE TONY n/a Co File 204'000 0.07 - 30.06.2012 n/a
OBERWEIS ASSET MANAG Multiple Portfolios MF-AGG 101'949 0.04 56'449 28.09.2012 Investment Advisor
ROVON INVESTMENTS PT n/a EXCH 50'000 0.02 - 17.12.2012 Corporation
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 32'094 0.01 (856) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan BENJAMIN X. WILSON overweight 5 M 4 9 month 27.02.2013
Deutsche Bank JOHN HIRJEE buy 5 N 3 12 month 14.02.2013
BBY Limited SCOTT ASHTON strong buy 5 M 5 12 month 24.01.2013
Macquarie KIRIT HIRA outperform 5 N 3 12 month 23.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Holdings By:
Buru Energy Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Aquila Resources Limited is an exploration company with interests in coal and
iron ore. Aquila's exploration activities are located in Queensland, Western
Australia and South Africa.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.03.2012) 5.49
52-Week Low (27.07.2012) 1.86
Daily Volume
2.61
52-Week High % Change -52.46% Dividend Yield 0.00
52-Week Low % Change 40.32% Beta 1.94
% 52 Week Price Range High/Low 21.21% Equity Float 185.16
Shares Out 31.12.2012 411.8 Short Int -
1'074.81 1 Yr Total Return -50.29%
Total Debt 0.00 YTD Return 1.95%
Preferred Stock 0.0 Adjusted BETA 1.944
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 49.15 Consensus Rating 3.000
Enterprise Value 1'025.66
Average Volume 5 Day 652'529
AQA AT EQUITY YTD Change - Average Volume 30 Day 594'275
AQA AT EQUITY YTD % CHANGE - Average Volume 3 Month 629'996
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
46.5 91.8 129.8 133.5 197.1 - - 0.0 88.0 - -
83.52x 14.73x 17.44x 18.73x 6.00x - - #DIV/0! 19.25x - -
(31.7) (35.8) (54.6) 5.6 4.3 - - (44.7) (8.7) - -
- - - 445.73x 275.69x - - - - - -
97.3 (26.2) (33.1) 3.1 (0.2) - - (40.3) (47.3) - -
33.05x - - 896.25x - - - - - - -
EBITDA 4.29 Long-Term Rating Date -
EBIT -4.91 Long-Term Rating -
Operating Margin -2.49% Long-Term Outlook -
Pretax Margin 0.58% Short-Term Rating Date -
Return on Assets -0.04% Short-Term Rating -
Return on Common Equity -0.05%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.35% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin 21.8% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin -2.5% Total Debt/Equity 0.0%
Net Income Margin -0.1% Total Debt/Capital 0.0%
Asset Turnover 0.35
Current Ratio 3.60 Net Fixed Asset Turnover 0.63
Quick Ratio 0.91 Accounts receivable turnover-days 8.92
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 41.04 Cash Conversion Cycle 1.82
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Aquila Resources LtdPrice/Volume
Valuation Analysis
225'969.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9&2 9.&- 9.&2 9/&- 9/&2 90&- 90&2 91&- 91&2 9
0.0
50.0
100.0
150.0
200.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2-&--
.--&--
.2-&--
/--&--
/2-&--
0--&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
POLI ANTHONY n/a EXCH 119'104'536 28.92 10'827'684 23.12.2011 n/a
M&G INVESTMENT MANAG n/a EXCH 70'172'666 17.04 10'213'057 06.04.2012 Investment Advisor
BAOSTEEL GROUP CORP n/a Co File 48'341'054 11.74 - 31.08.2011 Government
BASS CHARLES BENNET n/a EXCH 47'165'447 11.45 4'287'766 23.12.2011 n/a
VANGUARD GROUP INC n/a EXCH 33'165'000 8.05 8'171'711 09.11.2011 Investment Advisor
BLACKROCK n/a ULT-AGG 24'035'427 5.84 (590'060) 25.02.2013 Investment Advisor
COWLAN DEREK THOMAS n/a EXCH 11'405'860 2.77 1'036'892 23.12.2011 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 969'985 0.24 (5'378) 30.09.2012 Mutual Fund Manager
RAE HOWARD CHARLES n/a Co File 337'409 0.08 - 30.06.2011 n/a
SCIENTIA FUND MANAGE Multiple Portfolios MF-AGG 269'421 0.07 (200'319) 31.12.2012 Investment Advisor
GREEN BRENT E n/a Co File 244'662 0.06 - 30.06.2011 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 231'067 0.06 (9'350) 31.08.2011 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 230'795 0.06 - 31.07.2012 Investment Advisor
INDEXIQ ADVISORS LLC Multiple Portfolios MF-AGG 154'814 0.04 - 25.02.2013 Investment Advisor
LEGAL & GENERAL n/a ULT-AGG 82'347 0.02 - 28.12.2012 Unclassified
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 59'980 0.01 - 31.10.2012 Investment Advisor
HSBC TRINKAUS INVEST Multiple Portfolios MF-AGG 48'400 0.01 - 28.02.2011 Mutual Fund Manager
WELLS FARGO n/a ULT-AGG 47'867 0.01 13 31.12.2012 Unclassified
INVESCO LTD Multiple Portfolios MF-AGG 35'587 0.01 - 25.02.2013 Investment Advisor
PILCHER STEPHEN J n/a Co File 33'275 0.01 - 30.06.2011 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
RBC Capital Markets CHRIS DREW sector perform 3 M 4 12 month 31.01.2013
JPMorgan MARK BUSUTTIL underweight 1 D 3 9 month 31.01.2013
Commonwealth Bank TOMAS VASQUEZ neutral 3 M 3 12 month 31.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Macquarie ANDREW SULLIVAN outperform 5 M 4 12 month 11.01.2013
Paterson Securities ANDREW HARRINGTON hold 3 D 3 12 month 29.10.2012
Bell Potter STUART HOWE buy 5 M 4 12 month 05.10.2012
Credit Suisse PAUL MCTAGGART neutral 3 M 3 Not Provided 28.09.2012
Investec COLIN MCLELLAND hold 3 M 5 12 month 29.05.2012
Holdings By:
Aquila Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Fleetwood Corporation Limited manufactures and sells caravans, parts and
accessories along with design, manufacture, sale and rental of portable
buildings.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (04.05.2012) 13.46
52-Week Low (04.12.2012) 8.46
Daily Volume
9.55
52-Week High % Change -29.05% Dividend Yield -
52-Week Low % Change 12.88% Beta 0.83
% 52 Week Price Range High/Low 17.80% Equity Float 51.87
Shares Out 25.02.2013 60.1 Short Int -
573.50 1 Yr Total Return -17.89%
Total Debt 0.89 YTD Return 0.72%
Preferred Stock 0.0 Adjusted BETA 0.830
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 17.38 Consensus Rating 2.417
Enterprise Value 585.24
Average Volume 5 Day 503'528
FWD AT EQUITY YTD Change - Average Volume 30 Day 395'939
FWD AT EQUITY YTD % CHANGE - Average Volume 3 Month 371'281
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
343.5 354.6 291.1 465.8 406.8 - - 333.6 388.9 - -
1.42x 0.88x 1.65x 1.41x 1.67x - - 1.85x 1.65x - -
61.5 63.9 67.5 88.7 91.1 - - 56.3 89.8 - -
7.95x 4.90x 7.11x 7.43x 7.45x - - 10.39x 6.52x - -
34.2 35.6 38.7 51.3 53.2 - - 26.9 44.7 - -
13.52x 8.59x 12.66x 12.59x 12.99x - - 22.31x 13.05x - -
EBITDA 91.08 Long-Term Rating Date -
EBIT 75.83 Long-Term Rating -
Operating Margin 18.64% Long-Term Outlook -
Pretax Margin 18.59% Short-Term Rating Date -
Return on Assets 11.05% Short-Term Rating -
Return on Common Equity 14.33%
Return on Capital - EBITDA/Interest Exp. 111.61
Asset Turnover 1.23% (EBITDA-Capex)/Interest Exp. 79.14
Net Debt/EBITDA 0.18
Gross Margin 37.7% Total Debt/EBITDA 0.32
EBITDA Margin 18.7%
EBIT Margin 14.2% Total Debt/Equity 0.4%
Net Income Margin 13.1% Total Debt/Capital 0.4%
Asset Turnover 1.23
Current Ratio 2.15 Net Fixed Asset Turnover 3.35
Quick Ratio 1.07 Accounts receivable turnover-days 49.38
Debt to Assets 0.31% Inventory Days -
Tot Debt to Common Equity 0.39% Accounts Payable Turnover Day -
Accounts Receivable Turnover 7.41 Cash Conversion Cycle 69.09
Inventory Turnover -
Fiscal Year Ended
Fleetwood Corp LtdPrice/Volume
Valuation Analysis
484'857.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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400.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
KARRAD PTY LTD n/a EXCH 5'428'189 9.04 (50'000) 04.12.2012 Unclassified
ELEY GRIFFITHS GROUP n/a EXCH 2'955'969 4.92 (56'068) 15.10.2012 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 2'921'561 4.87 (35'882) 24.05.2012 Bank
ADVENTURE HOLDINGS P n/a EXCH 1'924'665 3.2 - 23.11.2012 Unclassified
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'492'485 2.49 - 30.06.2011 Investment Advisor
AUSTRALIAN FOUNDATIO Multiple Portfolios MF-AGG 856'000 1.43 - 29.06.2012 Investment Advisor
MIRRABOOKA INVESTMEN Multiple Portfolios MF-AGG 721'000 1.2 - 31.12.2012 Investment Advisor
FLEETWOOD RETIREMENT n/a EXCH 704'158 1.17 50'000 04.12.2012 n/a
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 587'755 0.98 106'797 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 515'477 0.86 - 31.12.2012 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 482'184 0.8 - 26.02.2013 Investment Advisor
GILL STEPHEN n/a EXCH 400'000 0.67 - 23.11.2012 n/a
TATE GREG n/a EXCH 381'413 0.64 - 04.12.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 372'925 0.62 36'881 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 369'095 0.61 - 31.07.2012 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 249'923 0.42 - 31.01.2013 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 187'728 0.31 50'400 28.01.2013 Investment Advisor
STATE STREET n/a ULT-AGG 179'673 0.3 - 25.02.2013 Investment Advisor
AMCIL LTD Multiple Portfolios MF-AGG 166'000 0.28 - 29.06.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 96'560 0.16 - 25.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 D #N/A N/A Not Provided 25.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY hold 3 M 10 Not Provided 22.02.2013
Argonaut Securities Pty Ltd IAN CHRISTIE sell 1 M 8 12 month 20.02.2013
RBS Morgans ALEXANDRA CLARKE outperform 5 M 11 12 month 20.02.2013
Credit Suisse PAUL BUYS underperform 1 M 9 Not Provided 19.02.2013
JPMorgan GARRY SHERRIFF underweight 1 M 9 6 month 19.02.2013
Macquarie ANDREW WACKETT neutral 3 M 10 12 month 19.02.2013
Nomura PAUL GRAHAM neutral 3 M 10 Not Provided 19.02.2013
Paterson Securities GRAEME CARSON hold 3 M 9 12 month 19.02.2013
Moelis & Company ADAM S MICHELL sell 1 M 8 12 month 14.02.2013
Hartleys PETER GRAY accumulate 4 M 14 12 month 23.08.2012
Paterson Securities DAVID GIBSON buy 5 M 9 12 month 16.10.2009
Holdings By:
Fleetwood Corp Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Sirtex Medical Limited is a medical company which researches, develops and
commercializes medical products for the treatment of liver cancer. The Company
is based in Western Australia and markets its products throughout the world.
The Company's products include "SIR-Spheres," which uses micro-particle
technology to treat liver cancer.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.12.2012) 13.40
52-Week Low (05.03.2012) 4.89
Daily Volume
10.41
52-Week High % Change -22.31% Dividend Yield 0.67
52-Week Low % Change 112.88% Beta 0.58
% 52 Week Price Range High/Low 62.75% Equity Float 36.71
Shares Out 31.12.2012 55.8 Short Int -
580.55 1 Yr Total Return 98.41%
Total Debt 0.00 YTD Return -20.72%
Preferred Stock 0.0 Adjusted BETA 0.575
Minority Interest 0.0 Analyst Recs 5
Cash and Equivalents 49.45 Consensus Rating 4.200
Enterprise Value 561.55
Average Volume 5 Day 169'407
SRX AT EQUITY YTD Change - Average Volume 30 Day 210'981
SRX AT EQUITY YTD % CHANGE - Average Volume 3 Month 214'566
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
38.1 65.6 64.3 70.3 82.6 - - 100.2 121.5 - -
4.21x 2.45x 3.60x 3.28x 3.51x - - 5.37x 4.38x - -
3.6 16.4 14.1 15.4 20.7 - - 24.6 32.5 - -
44.51x 9.76x 16.39x 14.96x 14.00x - - 22.80x 17.27x - -
1.2 18.2 16.1 11.5 17.1 - - 18.3 24.5 - -
136.36x 10.24x 17.01x 23.79x 19.84x - - 31.74x 23.77x - -
EBITDA 20.72 Long-Term Rating Date -
EBIT 19.30 Long-Term Rating -
Operating Margin 23.36% Long-Term Outlook -
Pretax Margin 26.77% Short-Term Rating Date -
Return on Assets 20.16% Short-Term Rating -
Return on Common Equity 27.08%
Return on Capital 27.08% EBITDA/Interest Exp. -
Asset Turnover 0.99% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -0.80
Gross Margin 81.0% Total Debt/EBITDA 0.00
EBITDA Margin 25.9%
EBIT Margin 24.4% Total Debt/Equity 0.0%
Net Income Margin 20.7% Total Debt/Capital 0.0%
Asset Turnover 0.99
Current Ratio 4.28 Net Fixed Asset Turnover 12.84
Quick Ratio 3.93 Accounts receivable turnover-days 64.81
Debt to Assets 0.00% Inventory Days 30.13
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 200.67
Accounts Receivable Turnover 5.65 Cash Conversion Cycle -49.29
Inventory Turnover 12.15
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Sirtex Medical LtdPrice/Volume
Valuation Analysis
142'849.00
Current Price (2/dd/yy) Market Data
-
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1
3
5
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10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HUNTER HALL INVESTME n/a EXCH 13'254'180 23.77 (570'000) 24.12.2012 Investment Advisor
GRAY BRUCE NATHANIE n/a Co File 10'090'604 18.09 - 15.08.2012 n/a
ACN 132 442 114 PTY n/a EXCH 8'961'778 16.07 (732'673) 01.02.2013 Other
PLATYPUS ASSET MANAG n/a EXCH 3'897'856 6.99 (2'041'170) 05.09.2011 Unclassified
PERPETUAL LTD n/a EXCH 3'045'755 5.46 (639'114) 24.12.2012 Investment Advisor
AMP LTD n/a EXCH 1'221'163 2.19 (1'654'235) 12.10.2011 Insurance Company
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 229'641 0.41 - 31.07.2012 Investment Advisor
VANTAGEPOINT INVESTM Multiple Portfolios MF-AGG 172'300 0.31 19'992 31.12.2012 Investment Advisor
GRANDEUR PEAK GLOBAL Multiple Portfolios MF-AGG 139'900 0.25 72'000 31.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 11'738 0.02 - 25.02.2013 Investment Advisor
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 9'054 0.02 - 31.10.2012 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 7'207 0.01 7'207 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 6'913 0.01 260 30.11.2012 Investment Advisor
BOYCE GRANT n/a Co File 5'000 0.01 - 29.08.2012 n/a
EADY JOHN ALAN n/a Co File 5'000 0.01 - 29.08.2012 n/a
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 4'000 0.01 - 31.01.2013 Investment Advisor
FIRST TRUST n/a ULT-AGG 360 0 - 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura ZARA LYONS buy 5 M 15 Not Provided 20.02.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 U #N/A N/A Not Provided 20.02.2013
Macquarie AMRON D'SILVA outperform 5 M 12 12 month 14.02.2013
CIMB DEREK JELLINEK neutral 3 N 13 12 month 15.01.2013
Holdings By:
Sirtex Medical Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
The Reject Shop Limited operates discount retail stores in Victoria, New South
Wales, South Australia and the ACT. The Company's discount stores offers a
variety of merchandise such as apparel, houseware, leisure, personal care and
hardware and furniture.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (25.02.2013) 17.53
52-Week Low (27.06.2012) 8.95
Daily Volume
17.17
52-Week High % Change -2.05% Dividend Yield 1.95
52-Week Low % Change 91.87% Beta 0.93
% 52 Week Price Range High/Low 94.76% Equity Float 24.61
Shares Out 10.01.2013 26.1 Short Int -
448.00 1 Yr Total Return 48.43%
Total Debt 31.40 YTD Return 15.08%
Preferred Stock 0.0 Adjusted BETA 0.932
Minority Interest 0.0 Analyst Recs 11
Cash and Equivalents 9.04 Consensus Rating 3.000
Enterprise Value 452.62
Average Volume 5 Day 178'540
TRS AT EQUITY YTD Change - Average Volume 30 Day 112'308
TRS AT EQUITY YTD % CHANGE - Average Volume 3 Month 105'374
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
353.0 412.2 470.8 505.1 555.3 - - 624.4 718.4 - -
0.72x 0.77x 0.96x 0.68x 0.47x - - 0.76x 0.65x - -
31.3 35.8 41.4 23.3 38.7 - - 46.4 57.1 - -
8.07x 8.84x 10.96x 14.69x 6.74x - - 9.75x 7.92x - -
16.7 19.0 23.4 16.2 21.9 - - 21.2 27.7 - -
14.64x 15.92x 18.24x 18.78x 10.88x - - 21.33x 16.37x - -
EBITDA 38.72 Long-Term Rating Date -
EBIT 26.34 Long-Term Rating -
Operating Margin 4.74% Long-Term Outlook -
Pretax Margin 5.62% Short-Term Rating Date -
Return on Assets 15.56% Short-Term Rating -
Return on Common Equity 33.15%
Return on Capital 30.56% EBITDA/Interest Exp. 12.79
Asset Turnover 3.61% (EBITDA-Capex)/Interest Exp. 7.65
Net Debt/EBITDA 0.11
Gross Margin 44.1% Total Debt/EBITDA 0.16
EBITDA Margin 7.3%
EBIT Margin 5.0% Total Debt/Equity 45.8%
Net Income Margin 3.9% Total Debt/Capital 31.4%
Asset Turnover 3.61
Current Ratio 1.19 Net Fixed Asset Turnover 7.63
Quick Ratio 0.14 Accounts receivable turnover-days -
Debt to Assets 19.74% Inventory Days 79.57
Tot Debt to Common Equity 45.83% Accounts Payable Turnover Day 31.11
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover 4.66
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Reject Shop Ltd/ThePrice/Volume
Valuation Analysis
93'362.00
Current Price (2/dd/yy) Market Data
-/135
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100.0
200.0
300.0
400.0
500.0
600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HYPERION ASSET MANAG n/a Co File 3'026'771 11.6 - 31.07.2012 Investment Advisor
UBS n/a ULT-AGG 2'172'111 8.32 (549'648) 28.12.2012 Unclassified
ACORN CAPITAL LTD n/a EXCH 1'709'102 6.55 (262'939) 12.10.2012 Investment Advisor
PARADICE INVESTMENT n/a EXCH 1'690'135 6.48 382'483 16.08.2012 Investment Advisor
PERPETUAL LTD n/a EXCH 1'433'224 5.49 - 28.08.2012 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 1'339'344 5.13 - 19.10.2012 Bank
ALLERON INVESTMENT M n/a EXCH 1'331'428 5.1 - 05.11.2012 Investment Advisor
NORTHCAPE CAPITAL PT n/a EXCH 1'299'620 4.98 (37'653) 08.08.2012 Other
ELEY GRIFFITHS GROUP n/a EXCH 1'270'954 4.87 (349'434) 20.02.2013 Investment Advisor
GRAHGER CAPITAL INVE n/a EXCH 1'140'000 4.37 (317'000) 15.09.2011 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 361'560 1.39 15'580 31.12.2012 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 188'554 0.72 (806'367) 31.01.2013 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 137'963 0.53 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 132'596 0.51 (567) 30.09.2012 Mutual Fund Manager
GRANDEUR PEAK GLOBAL Multiple Portfolios MF-AGG 123'085 0.47 52'000 31.10.2012 Investment Advisor
BRYCE CHRISTOPHER JO n/a EXCH 122'187 0.47 - 17.10.2012 n/a
BLACKROCK n/a ULT-AGG 41'081 0.16 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 31'628 0.12 2'536 31.08.2011 Investment Advisor
HYPERION ASSET MANAG Multiple Portfolios MF-AGG 31'000 0.12 - 30.06.2011 Investment Advisor
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 9'792 0.04 - 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING underweight 1 U #N/A N/A Not Provided 26.02.2013
Macquarie ADAM SIMPSON neutral 3 D 18 12 month 21.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY hold 3 M 17 Not Provided 21.02.2013
Moelis & Company TODD W GUYOT hold 3 M 17 12 month 21.02.2013
Morgan Stanley CHRIS NICOL Overwt/In-Line 5 M 18 12 month 20.02.2013
Goldman Sachs GEORGE BATSAKIS Buy/Neutral 5 M 17 12 month 20.02.2013
Credit Suisse GRANT SALIGARI underperform 1 M 14 Not Provided 20.02.2013
Commonwealth Bank JORDAN ROGERS neutral 3 U 17 12 month 20.02.2013
Nomura NICK BERRY neutral 3 M 16 Not Provided 20.02.2013
Bell Potter SAM HADDAD hold 3 D 18 12 month 20.02.2013
Shaw Stockbroking DANNY YOUNIS hold 3 N #N/A N/A Not Provided 17.08.2011
Veritas Securities BRENT MITCHELL hold 3 U 12 Not Provided 08.04.2011
Evans & Partners Pty Ltd TONY WILSON negative 2 M #N/A N/A Not Provided 23.08.2010
Holdings By:
Reject Shop Ltd/The ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Emeco Holdings Limited rents earthmoving equipment to the mining industries in
Australia and Indonesia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (19.03.2012) 1.13
52-Week Low (15.11.2012) 0.45
Daily Volume
0.68
52-Week High % Change -39.82% Dividend Yield 8.82
52-Week Low % Change 52.13% Beta 0.83
% 52 Week Price Range High/Low 39.97% Equity Float 591.43
Shares Out 31.12.2012 599.7 Short Int -
407.78 1 Yr Total Return -29.85%
Total Debt 455.61 YTD Return 15.57%
Preferred Stock 0.0 Adjusted BETA 0.826
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 73.09 Consensus Rating 3.769
Enterprise Value 857.76
Average Volume 5 Day 4'535'108
EHL AT EQUITY YTD Change - Average Volume 30 Day 3'023'816
EHL AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'930'814
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
617.9 443.7 405.0 439.7 498.5 - - 490.5 529.3 - -
1.66x 1.31x 1.64x 2.28x 1.88x - - 1.67x 1.48x - -
203.6 209.3 188.4 152.1 191.1 - - 218.2 234.1 - -
5.03x 2.79x 3.53x 6.59x 4.89x - - 3.93x 3.66x - -
67.5 13.3 (49.3) 49.6 69.7 - - 46.7 53.0 - -
10.00x 4.66x 29.00x 13.78x 7.61x - - 8.95x 7.82x - -
EBITDA 191.13 Long-Term Rating Date -
EBIT 55.30 Long-Term Rating -
Operating Margin 11.09% Long-Term Outlook -
Pretax Margin 20.14% Short-Term Rating Date -
Return on Assets 5.69% Short-Term Rating -
Return on Common Equity 10.25%
Return on Capital 7.98% EBITDA/Interest Exp. 8.45
Asset Turnover 0.44% (EBITDA-Capex)/Interest Exp. -5.56
Net Debt/EBITDA 2.25
Gross Margin 44.8% Total Debt/EBITDA 2.33
EBITDA Margin 40.7%
EBIT Margin 13.8% Total Debt/Equity 71.1%
Net Income Margin 14.0% Total Debt/Capital 41.6%
Asset Turnover 0.44
Current Ratio 2.41 Net Fixed Asset Turnover 0.62
Quick Ratio 1.85 Accounts receivable turnover-days 71.63
Debt to Assets 37.46% Inventory Days 46.77
Tot Debt to Common Equity 71.15% Accounts Payable Turnover Day 83.02
Accounts Receivable Turnover 5.11 Cash Conversion Cycle 90.35
Inventory Turnover 7.83
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Emeco Holdings LtdPrice/Volume
Valuation Analysis
5'808'085.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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1&2-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
AMP LTD n/a EXCH 40'336'868 6.73 6'848'867 21.05.2012 Insurance Company
FRANKLIN RESOURCES n/a ULT-AGG 39'024'025 6.51 (6'611'129) 22.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 37'779'208 6.3 5'657'081 05.12.2012 Bank
BLACKROCK n/a ULT-AGG 32'561'644 5.43 876'330 25.02.2013 Investment Advisor
VINVA INVT MANAGEMEN n/a EXCH 30'442'366 5.08 (4'616'616) 03.12.2012 Other
MAPLE-BROWN ABBOTT L n/a EXCH 29'351'680 4.89 (2'238'673) 14.09.2010 Investment Advisor
UCA FUNDS MANAGEMENT Multiple Portfolios MF-AGG 20'947'737 3.49 (3'531) 31.01.2013 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 13'117'984 2.19 - 31.07.2012 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 7'604'155 1.27 (253'200) 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'703'784 1.12 28'520 31.12.2012 Investment Advisor
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 5'007'823 0.84 398'600 30.09.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'760'398 0.79 235'069 30.09.2012 Mutual Fund Manager
TURNER MICHAEL A n/a Co File 3'187'151 0.53 - 30.06.2012 n/a
TEMPLETON INVESTMENT Multiple Portfolios MF-AGG 1'731'906 0.29 (342'511) 30.11.2012 Investment Advisor
BRENNAN ALEXANDER NO n/a Co File 1'581'700 0.26 - 20.08.2012 n/a
GORDON KEITH n/a EXCH 1'125'000 0.19 - 30.11.2012 n/a
TESTROW IAN n/a Co File 892'541 0.15 - 30.06.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 779'763 0.13 (30'233) 31.08.2011 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 739'520 0.12 - 25.02.2013 Investment Advisor
AUSBIL DEXIA LIMITED Multiple Portfolios MF-AGG 658'600 0.11 - 30.06.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Octa Phillip Securities Ltd CONOR O'PREY hold 3 M 1 Not Provided 25.02.2013
Morgan Stanley DAVID EVANS Overwt/In-Line 5 M 1 12 month 22.02.2013
Macquarie ANDREW WACKETT neutral 3 M 1 12 month 22.02.2013
Goldman Sachs WILL CHARLSTON neutral/neutral 3 M 1 12 month 21.02.2013
Credit Suisse PAUL BUYS neutral 3 M 1 Not Provided 21.02.2013
CIMB MATTHEW NICHOLAS neutral 3 M 1 12 month 21.02.2013
Nomura PAUL GRAHAM neutral 3 M 1 Not Provided 21.02.2013
Bell Potter JONATHAN SNAPE hold 3 M 1 12 month 21.02.2013
Moelis & Company ADAM S MICHELL hold 3 M 1 12 month 07.02.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
Deutsche Bank WASSIM KISIRWANI buy 5 U 1 12 month 09.11.2012
Shaw Stockbroking DANNY YOUNIS accumulate 4 M #N/A N/A Not Provided 08.11.2010
Holdings By:
Emeco Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Singapore Telecommunications Limited is a communications group. The Group
provides a diverse range of communication services and solutions, including
fixed, mobile, data, Internet, info-communications technology, satellite and pay
television. Singapore Telecom has a network of offices in multiple countries and
territories throughout Asia Pacific, in Europe and the United States.
Latest Fiscal Year: 03/2012
LTM as of: 12/yy
52-Week High (13.02.2013) 2.83
52-Week Low (27.02.2012) 2.29
Daily Volume
2.75
52-Week High % Change -2.83% Dividend Yield -
52-Week Low % Change 20.09% Beta 0.40
% 52 Week Price Range High/Low 81.48% Equity Float -
Shares Out 27.02.2013 15'943.6 Short Int -
43'844.84 1 Yr Total Return 25.22%
Total Debt 8'793.80 YTD Return 5.36%
Preferred Stock 0.0 Adjusted BETA 0.399
Minority Interest 20.4 Analyst Recs 3
Cash and Equivalents 1'346.40 Consensus Rating 3.667
Enterprise Value -
Average Volume 5 Day 1'584'274
SGT AT EQUITY YTD Change - Average Volume 30 Day 2'614'218
SGT AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'301'175
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012 12/yy 12/yy 03/13 Y 03/14 Y 03/13 Q4 06/13 Q1
14'844.4 14'934.4 16'870.9 18'070.6 18'825.3 18'687.6 18'481.8 18'273.3 18'442.7 - -
4.61x 3.13x 3.31x 2.92x 3.06x 11.81x 12.78x 3.46x 3.46x - -
4'419.2 4'461.5 4'906.0 5'080.5 5'186.3 5'033.2 5'225.0 6'199.7 6'420.0 - -
15.48x 10.47x 11.37x 10.37x 11.11x 11.27x 11.44x - - - -
3'960.2 3'448.4 3'907.3 3'825.3 3'988.7 3'691.4 3'929.1 3'511.5 3'800.0 - -
- - - - - 0.00x 0.00x 15.99x 14.52x - -
EBITDA 5'186.30 Long-Term Rating Date 05.08.2003
EBIT 3'184.70 Long-Term Rating A+
Operating Margin 16.92% Long-Term Outlook STABLE
Pretax Margin 22.92% Short-Term Rating Date 05.08.2003
Return on Assets 9.90% Short-Term Rating A-1
Return on Common Equity 17.54%
Return on Capital 13.81% EBITDA/Interest Exp. 13.14
Asset Turnover 0.47% (EBITDA-Capex)/Interest Exp. 7.44
Net Debt/EBITDA 1.37
Gross Margin 83.3% Total Debt/EBITDA 1.52
EBITDA Margin 28.3%
EBIT Margin 17.0% Total Debt/Equity 37.5%
Net Income Margin 21.2% Total Debt/Capital 27.3%
Asset Turnover 0.47
Current Ratio 1.05 Net Fixed Asset Turnover 1.62
Quick Ratio 0.76 Accounts receivable turnover-days 71.18
Debt to Assets 21.76% Inventory Days 32.14
Tot Debt to Common Equity 37.54% Accounts Payable Turnover Day 527.30
Accounts Receivable Turnover 5.14 Cash Conversion Cycle -274.64
Inventory Turnover 11.39
Fiscal Year Ended
Singapore Telecommunications LtdPrice/Volume
Valuation Analysis
2'788'686.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
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0.0
2'000.0
4'000.0
6'000.0
8'000.0
10'000.0
12'000.0
14'000.0
16'000.0
18'000.0
20'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
-&1-
-&3-
-&5-
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ABERDEEN n/a ULT-AGG 7'079'958 0.04 2'696'208 31.01.2013 Unclassified
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 769'430 0 2'364 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 295'751 0 46'269 31.08.2011 Investment Advisor
SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 269'844 0 190'293 28.12.2012 Mutual Fund Manager
PARVEST INVESTMENT M Multiple Portfolios MF-AGG 229'245 0 - 30.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 39'862 0 - 25.02.2013 Investment Advisor
AVIVA INVESTORS FUND Multiple Portfolios MF-AGG 35'423 0 - 31.01.2013 Mutual Fund Manager
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 23'742 0 (2'046) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie ANDREW LEVY outperform 5 M 3 12 month 19.02.2013
Credit Suisse CHATE BENCHAVITVILAI outperform 5 M 4 Not Provided 17.02.2013
Commonwealth Bank ALICE BENNETT underweight 1 M 3 12 month 14.02.2013
Morgan Stanley NAVIN KILLA Overwt/In-Line 5 U 3 12 month 06.06.2011
Goldman Sachs CHRISTIAN GUERRA hold 3 M 3 Not Provided 12.05.2011
Holdings By:
Singapore Telecommunications Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Virgin Australia Holdings Limited is an Australian-based full service airline
providing domestic and international operations.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (07.11.2012) 0.52
52-Week Low (26.06.2012) 0.37
Daily Volume
0.405
52-Week High % Change -21.36% Dividend Yield 0.00
52-Week Low % Change 10.96% Beta 0.99
% 52 Week Price Range High/Low 30.00% Equity Float 950.86
Shares Out 31.12.2012 2'455.8 Short Int -
994.59 1 Yr Total Return -3.57%
Total Debt 1'674.10 YTD Return -3.57%
Preferred Stock 0.0 Adjusted BETA 0.995
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 480.10 Consensus Rating 3.500
Enterprise Value 2'016.59
Average Volume 5 Day 3'336'577
VAH AT EQUITY YTD Change - Average Volume 30 Day 2'652'044
VAH AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'970'368
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
2'321.7 2'600.3 2'976.1 3'268.3 3'913.5 - - 4'188.7 4'527.7 - -
0.59x 0.63x 0.54x 0.57x 0.52x - - 0.48x 0.43x - -
262.9 144.6 309.7 244.7 376.6 - - 369.2 459.0 - -
5.22x 11.29x 5.23x 7.68x 5.44x - - 5.46x 4.39x - -
97.7 (160.0) 21.3 (67.8) 22.8 - - 62.7 110.1 - -
5.05x - 29.50x - 39.00x - - 15.00x 9.00x - -
EBITDA 376.60 Long-Term Rating Date -
EBIT 129.70 Long-Term Rating -
Operating Margin 3.31% Long-Term Outlook -
Pretax Margin 0.70% Short-Term Rating Date -
Return on Assets -0.15% Short-Term Rating -
Return on Common Equity -0.58%
Return on Capital - EBITDA/Interest Exp. 4.26
Asset Turnover 1.00% (EBITDA-Capex)/Interest Exp. -3.08
Net Debt/EBITDA 3.32
Gross Margin - Total Debt/EBITDA 5.54
EBITDA Margin 7.7%
EBIT Margin 1.6% Total Debt/Equity 180.1%
Net Income Margin 0.6% Total Debt/Capital 64.3%
Asset Turnover 1.00
Current Ratio 0.65 Net Fixed Asset Turnover 1.40
Quick Ratio 0.36 Accounts receivable turnover-days 15.93
Debt to Assets 41.90% Inventory Days -
Tot Debt to Common Equity 180.07% Accounts Payable Turnover Day -
Accounts Receivable Turnover 22.97 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Virgin Australia Holdings LtdPrice/Volume
Valuation Analysis
5'622'711.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
-
-
.
.
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/-&- 9
1-&- 9
3-&- 9
5-&- 9
.--&- 9
./-&- 9
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
3'500.0
4'000.0
4'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.&--
/&--
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1&--
2&--
3&--
4&--
5&--
6&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VIRGIN GROUP n/a Co File 577'515'919 23.52 - 11.09.2012 Corporation
AIR NEW ZEALAND LTD n/a EXCH 457'756'480 18.64 49'139'707 19.11.2012 Corporation
SINGAPORE AIRLINES L n/a EXCH 245'577'511 10 - 19.11.2012 Government
ETIHAD AIRWAYS PJSC n/a Co File 221'019'760 9 - 11.09.2012 Corporation
DIMENSIONAL FUND ADV n/a EXCH 108'316'973 4.41 (2'772'321) 24.10.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 50'576'409 2.06 - 31.07.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 11'746'310 0.48 9'932'418 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 6'835'249 0.28 18'984 30.09.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'777'325 0.11 (581'970) 31.12.2012 Investment Advisor
CHATFIELD NEIL GREGO n/a Co File 1'000'392 0.04 - 28.09.2012 n/a
STATE STREET GLOBAL Multiple Portfolios MF-AGG 906'659 0.04 - 30.11.2012 Mutual Fund Manager
BORGHETTI MASSIMO n/a Co File 869'107 0.04 - 28.09.2012 n/a
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 668'269 0.03 (77'695) 26.02.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 575'302 0.02 - 30.11.2012 Investment Advisor
WELLS FARGO n/a ULT-AGG 557'568 0.02 (24'737) 31.12.2012 Unclassified
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 521'584 0.02 - 31.10.2012 Investment Advisor
THOMAS ROBERT BAIN n/a Co File 485'920 0.02 - 28.09.2012 n/a
MCARTHUR MERREN n/a Co File 430'000 0.02 - 30.06.2012 n/a
BLACKROCK n/a ULT-AGG 312'156 0.01 - 25.02.2013 Investment Advisor
GAM INTERNATIONAL MA Multiple Portfolios MF-AGG 233'408 0.01 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie RUSSELL SHAW neutral 3 M 0 12 month 27.02.2013
Morgan Stanley JULIA WENG Equalwt/In-Line 3 U 0 12 month 26.02.2013
Credit Suisse NICHOLAS MARKIEWICZ outperform 5 U 0 Not Provided 26.02.2013
JPMorgan SCOTT CARROLL neutral 3 M 0 9 month 26.02.2013
CIMB MARK WILLIAMS neutral 3 M 0 12 month 26.02.2013
Commonwealth Bank MATT CROWE neutral 3 D 0 12 month 26.02.2013
Nomura DAVID FRASER buy 5 M 1 Not Provided 26.02.2013
EVA Dimensions CRAIG STERLING hold 3 M #N/A N/A Not Provided 17.01.2013
Bell Potter JOHN O'SHEA hold 3 M 1 12 month 10.12.2012
Goldman Sachs ANDREW GIBSON not rated #N/A N/A M #N/A N/A Not Provided 30.10.2012
Deutsche Bank CAMERON MCDONALD hold 3 M 0 12 month 28.08.2012
Holdings By:
Virgin Australia Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Northern Star Resources Ltd is an Australian Gold Producer with tenement
holdings and gold deposits located in the Ashburton - Pilbara Region of Western
Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (26.11.2012) 1.59
52-Week Low (16.05.2012) 0.61
Daily Volume
0.945
52-Week High % Change -40.38% Dividend Yield 0.00
52-Week Low % Change 56.20% Beta 0.67
% 52 Week Price Range High/Low 31.12% Equity Float 373.08
Shares Out 11.01.2013 424.3 Short Int -
400.94 1 Yr Total Return 5.12%
Total Debt 9.43 YTD Return -23.48%
Preferred Stock 0.0 Adjusted BETA 0.673
Minority Interest 0.0 Analyst Recs 5
Cash and Equivalents 64.96 Consensus Rating 3.400
Enterprise Value 361.83
Average Volume 5 Day 5'141'696
NST AT EQUITY YTD Change - Average Volume 30 Day 3'262'208
NST AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'974'147
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - 114.9 99.5 - - 160.5 200.0 - -
- - - 1.11x 2.55x - - 2.12x 1.51x - -
(0.1) (5.1) (1.3) 45.1 47.5 - - 82.3 110.5 - -
- - - 2.83x 5.35x - - 4.40x 3.27x - -
(0.1) (4.7) (1.3) 16.3 22.0 - - 41.5 55.0 - -
- - - 7.80x 12.62x - - 9.26x 7.56x - -
EBITDA 47.49 Long-Term Rating Date -
EBIT 30.02 Long-Term Rating -
Operating Margin 30.16% Long-Term Outlook -
Pretax Margin 31.60% Short-Term Rating Date -
Return on Assets 29.17% Short-Term Rating -
Return on Common Equity 42.20%
Return on Capital 38.16% EBITDA/Interest Exp. 89.78
Asset Turnover 1.05% (EBITDA-Capex)/Interest Exp. 40.79
Net Debt/EBITDA -0.65
Gross Margin 57.3% Total Debt/EBITDA 0.19
EBITDA Margin 52.8%
EBIT Margin 36.3% Total Debt/Equity 10.0%
Net Income Margin 22.1% Total Debt/Capital 9.1%
Asset Turnover 1.05
Current Ratio 3.13 Net Fixed Asset Turnover 2.27
Quick Ratio 2.68 Accounts receivable turnover-days 0.11
Debt to Assets 7.03% Inventory Days 67.11
Tot Debt to Common Equity 9.97% Accounts Payable Turnover Day 67.12
Accounts Receivable Turnover 3404.63 Cash Conversion Cycle -39.98
Inventory Turnover 5.45
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Northern Star Resources LtdPrice/Volume
Valuation Analysis
2'726'852.00
Current Price (2/dd/yy) Market Data
---.....//
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.-&- 9
/-&- 9
0-&- 9
1-&- 9
2-&- 9
3-&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
/&--
1&--
3&--
5&--
.-&--
./&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 28'378'198 6.69 - 25.02.2013 Investment Advisor
VAN ECK ASSOCIATES C n/a EXCH 26'706'283 6.29 3'981'558 14.01.2013 Investment Advisor
INVESTMET LIMITED n/a EXCH 21'946'900 5.17 (18'089'000) 30.11.2012 Corporation
PARADICE INVESTMENT n/a EXCH 18'915'010 4.46 (2'872'573) 08.01.2013 Investment Advisor
BEAMENT WILLIAM JAME n/a EXCH 12'134'735 2.86 - 30.11.2012 n/a
BLACKROCK n/a ULT-AGG 9'137'480 2.15 25'269 25.02.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 7'457'311 1.76 (45'509) 31.12.2012 Unclassified
FOTIOS MICHAEL GEORG n/a EXCH 7'103'474 1.67 (7'400'000) 30.11.2012 n/a
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 6'631'000 1.56 - 30.06.2012 Mutual Fund Manager
ROWE CHRISTOPHER n/a EXCH 3'986'195 0.94 - 30.11.2012 n/a
MORGAN STANLEY AUSTR n/a EXCH 3'202'580 0.75 (36'529'953) 04.12.2012 Investment Advisor
RUFFER LLP Multiple Portfolios MF-AGG 3'084'000 0.73 - 28.09.2012 Hedge Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 2'864'116 0.68 (146'803) 30.06.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'678'776 0.63 91'085 31.12.2012 Investment Advisor
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'250'000 0.53 - 30.06.2012 Mutual Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'095'462 0.49 (15'180) 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'549'986 0.37 - 31.07.2012 Investment Advisor
BROWN KAREN ELIZABET n/a Co File 1'191'666 0.28 - 30.06.2012 n/a
O'CONNOR PETER EDMUN n/a EXCH 850'000 0.2 - 03.12.2012 n/a
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 449'148 0.11 241'827 30.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 2 12 month 20.02.2013
RBC Capital Markets STEUART MCINTYRE sector perform 3 M 1 12 month 19.02.2013
Hartleys MIKE MILLIKAN buy 5 M 1 12 month 12.02.2013
Paterson Securities TIM MCCORMACK hold 3 M 1 12 month 31.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Northern Star Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mineral Deposits Limited mines and processes heavy mineral sands. The Company
is developing the Grande Cote Mineral Sands Project in Senegal, West Africa.
It's Grande Cote Mineral Sands Project is located near the port of Dakar, Grande
Cote.
Latest Fiscal Year: 12/2012
LTM as of: 09/yy
52-Week High (22.03.2012) 6.62
52-Week Low (10.12.2012) 3.06
Daily Volume
4.12
52-Week High % Change -37.76% Dividend Yield 0.00
52-Week Low % Change 34.64% Beta 1.43
% 52 Week Price Range High/Low 33.15% Equity Float 82.76
Shares Out 30.06.2012 83.5 Short Int -
344.18 1 Yr Total Return -31.33%
Total Debt 0.00 YTD Return 7.01%
Preferred Stock 0.0 Adjusted BETA 1.432
Minority Interest 0.0 Analyst Recs 6
Cash and Equivalents 278.46 Consensus Rating 4.667
Enterprise Value 188.94
Average Volume 5 Day 130'713
MDL AT EQUITY YTD Change - Average Volume 30 Day 186'756
MDL AT EQUITY YTD % CHANGE - Average Volume 3 Month 216'889
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2007 30.06.2008 30.06.2009 30.06.2010 30.06.2011 03/yy 09/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1
- - 47.1 0.0 0.0 0.0 0.0 0.0 0.0 - -
- - 6.77x - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! - -
(7.0) (8.5) (1.8) 23.4 7.5 11.9 3.8 (6.2) (7.7) - -
- - - 19.81x 30.66x 33.83x 0.00x - - - -
(16.4) (8.1) (4.3) (26.2) 255.8 232.5 28.9 17.1 19.9 - -
- - - - 1.36x 1.68x 14.66x 19.98x 21.74x - -
EBITDA 7.47 Long-Term Rating Date -
EBIT -9.78 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets 5.65% Short-Term Rating -
Return on Common Equity 5.90%
Return on Capital - EBITDA/Interest Exp. 3.12
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -11.19
Net Debt/EBITDA -19.62
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 82.80 Net Fixed Asset Turnover 0.00
Quick Ratio 81.33 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Mineral Deposits LtdPrice/Volume
Valuation Analysis
437'061.00
Current Price (2/dd/yy) Market Data
-
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/
0
1
2
3
4
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0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
0-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 12'311'324 14.74 1'043'876 25.02.2013 Investment Advisor
FMR LLC n/a ULT-AGG 7'318'757 8.76 - 31.01.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 7'063'431 8.46 (1'036'499) 12.12.2012 Bank
AMP LTD n/a EXCH 6'362'572 7.62 881'477 30.11.2012 Insurance Company
JP MORGAN n/a ULT-AGG 5'933'076 7.1 848'724 31.10.2012 Unclassified
UBS n/a ULT-AGG 4'353'865 5.21 - 06.06.2012 Unclassified
WESTPAC BANKING CORP n/a EXCH 2'758'307 3.3 (1'548'633) 22.06.2011 Bank
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 1'140'095 1.36 - 30.06.2012 Mutual Fund Manager
INVESTEC ASSET MANAG Multiple Portfolios MF-AGG 1'041'767 1.25 - 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 853'661 1.02 4'708 31.12.2012 Investment Advisor
OPPENHEIMERFUNDS INC Multiple Portfolios MF-AGG 806'105 0.96 (460'074) 30.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 784'779 0.94 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 474'811 0.57 (2'759) 30.09.2012 Mutual Fund Manager
AGF INVESTMENTS INC Multiple Portfolios MF-AGG 372'964 0.45 (42'900) 28.09.2012 Investment Advisor
LIMB NICHOLAS JAMES n/a EXCH 332'772 0.4 - 22.12.2011 n/a
TRANSAMERICA INVESTM Multiple Portfolios MF-AGG 278'577 0.33 124'847 31.12.2012 Investment Advisor
WILLIAMS JEFFREY W n/a EXCH 187'819 0.22 - 30.06.2011 n/a
JULIUS BAER MULTICOO Multiple Portfolios MF-AGG 174'950 0.21 (1'385) 31.10.2012 Mutual Fund Manager
ROBECO FUND MANAGEME Multiple Portfolios MF-AGG 163'920 0.2 - 31.12.2012 Investment Advisor
SHARP WARWICK n/a EXCH 119'803 0.14 - 22.12.2011 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY neutral/attractive 3 M 5 12 month 27.02.2013
Credit Suisse MATTHEW HOPE outperform 5 M 7 Not Provided 22.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
RBC Capital Markets DES KILALEA outperform 5 M 8 12 month 05.12.2012
Ambrian Partners Ltd CRAIG FOGGO buy 5 M 6 12 month 26.11.2012
GMP MATHEW FERNLEY buy 5 M 7 Not Provided 16.11.2012
Cormark Securities Inc. MIKE KOZAK restricted #N/A N/A M #N/A N/A Not Provided 18.01.2011
Holdings By:
Mineral Deposits Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
SMS Management & Technology Limited is an international information technology,
enterprise and management solutions provider. The Company offers IT, business
and management consulting, project management, Internet products, IT contracting
and permanent recruitment, enterprise solutions and e-commerce development and
integration.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (12.09.2012) 6.73
52-Week Low (14.12.2012) 4.51
Daily Volume
5.32
52-Week High % Change -20.95% Dividend Yield -
52-Week Low % Change 17.96% Beta 0.87
% 52 Week Price Range High/Low 38.74% Equity Float 66.83
Shares Out 31.12.2012 69.4 Short Int -
369.09 1 Yr Total Return 8.19%
Total Debt 0.00 YTD Return 14.90%
Preferred Stock 0.0 Adjusted BETA 0.874
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 29.98 Consensus Rating 3.333
Enterprise Value 339.11
Average Volume 5 Day 374'663
SMX AT EQUITY YTD Change - Average Volume 30 Day 384'586
SMX AT EQUITY YTD % CHANGE - Average Volume 3 Month 361'555
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
237.8 230.5 247.4 306.1 335.5 - - 298.5 313.0 - -
0.94x 1.01x - 1.31x 0.96x - - 1.12x 1.05x - -
35.0 33.2 38.0 42.2 44.0 - - 36.0 41.0 - -
6.42x 6.97x - 9.54x 7.32x - - 9.41x 8.26x - -
24.8 24.3 27.9 29.8 30.6 - - 25.2 28.8 - -
9.66x 10.65x 14.22x 14.22x 11.47x - - 14.66x 12.91x - -
EBITDA 43.97 Long-Term Rating Date -
EBIT 42.86 Long-Term Rating -
Operating Margin 12.78% Long-Term Outlook -
Pretax Margin 12.97% Short-Term Rating Date -
Return on Assets 19.18% Short-Term Rating -
Return on Common Equity 24.00%
Return on Capital - EBITDA/Interest Exp. 158.17
Asset Turnover 2.11% (EBITDA-Capex)/Interest Exp. 156.65
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin 12.6%
EBIT Margin 12.2% Total Debt/Equity 0.0%
Net Income Margin 9.1% Total Debt/Capital 0.0%
Asset Turnover 2.11
Current Ratio 2.75 Net Fixed Asset Turnover 98.50
Quick Ratio 1.81 Accounts receivable turnover-days 67.40
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.43 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
SMS Management & Technology LtdPrice/Volume
Valuation Analysis
249'809.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
4
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
&2 9
.&- 9
.&2 9
/&- 9
/&2 9
0&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2&--
.-&--
.2&--
/-&--
/2&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WESTPAC BANKING CORP n/a EXCH 5'100'676 7.35 - 20.02.2013 Bank
CELESTE FUNDS MANAGE n/a EXCH 4'514'181 6.51 754'364 06.02.2013 Hedge Fund Manager
INVESCO AUSTRALIA LT n/a Co File 4'050'070 5.84 - 01.08.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 3'527'361 5.08 - 25.02.2013 Investment Advisor
AMP LTD n/a EXCH 3'403'878 4.91 (17'061) 10.10.2011 Insurance Company
ELEY GRIFFITHS GROUP n/a EXCH 3'394'544 4.89 (158'414) 27.11.2012 Investment Advisor
UBS n/a ULT-AGG 3'060'205 4.41 (518'048) 13.02.2012 Unclassified
LARISON PTY LTD n/a EXCH 1'406'502 2.03 - 11.09.2012 Other
ABERDEEN n/a ULT-AGG 713'700 1.03 (67'300) 31.01.2013 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 667'912 0.96 - 31.12.2012 Investment Advisor
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 545'803 0.79 181'297 31.01.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 495'303 0.71 - 31.07.2012 Investment Advisor
COX LAURENCE GRIME n/a Co File 411'762 0.59 - 15.08.2012 n/a
STIANOS THOMAS n/a EXCH 410'881 0.59 92'020 11.09.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 342'313 0.49 (2'152) 30.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 200'000 0.29 - 30.09.2012 Investment Advisor
LANPHIER GRAHAM n/a Co File 198'923 0.29 - 15.08.2012 n/a
NORDINVEST FUND MANA Multiple Portfolios MF-AGG 149'040 0.21 - 30.11.2012 Mutual Fund Manager
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 103'415 0.15 - 25.02.2013 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 95'232 0.14 40'991 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions ANDREW S ZAMFOTIS hold 3 D #N/A N/A Not Provided 26.02.2013
BBY Limited MARK MCDONNELL buy 5 M 6 12 month 21.02.2013
Moelis & Company ADAM S MICHELL hold 3 M 6 12 month 21.02.2013
Morgan Stanley JAMES BALES Overwt/In-Line 5 M 6 12 month 20.02.2013
Goldman Sachs MIKE YOUNGER neutral/neutral 3 M 6 12 month 20.02.2013
Credit Suisse CHRIS SMITH neutral 3 M 6 Not Provided 20.02.2013
Macquarie JODIE BANNAN neutral 3 M 5 12 month 20.02.2013
CIMB JULIAN GUIDO neutral 3 M 5 12 month 20.02.2013
Commonwealth Bank NICK MACLEAN neutral 3 U 5 12 month 20.02.2013
Paterson Securities BEN KAKOSCHKE hold 3 M 5 12 month 07.02.2013
Octa Phillip Securities Ltd KEN WAGNER hold 3 M 5 Not Provided 29.10.2012
Wilson HTM Investment Group SIMON FRITSCH buy 5 M 5 Not Provided 05.11.2008
Holdings By:
SMS Management & Technology Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Billabong International Limited manufactures and distributes surfwear and
extreme sports apparel throughout the world. Billabong designs board shirts,
swimwear, T-shirts, fleece tops, jumpers, shirts, walk shorts, trousers, jeans,
back packs and accessories under its brand name. The Company also sponsors
professional surfing, skateboarding and snowboarding events.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.02.2012) 2.51
52-Week Low (16.11.2012) 0.74
Daily Volume
0.86
52-Week High % Change -65.80% Dividend Yield -
52-Week Low % Change 16.69% Beta 1.31
% 52 Week Price Range High/Low 6.64% Equity Float 339.63
Shares Out 31.12.2012 478.9 Short Int -
411.89 1 Yr Total Return -64.18%
Total Debt 478.16 YTD Return 3.61%
Preferred Stock 0.0 Adjusted BETA 1.314
Minority Interest (1.3) Analyst Recs 12
Cash and Equivalents 317.26 Consensus Rating 3.083
Enterprise Value 562.44
Average Volume 5 Day 2'954'871
BBG AT EQUITY YTD Change - Average Volume 30 Day 3'490'344
BBG AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'730'425
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
1'349.5 1'671.3 1'484.3 1'554.0 1'439.0 - - 1'297.4 1'343.5 - -
1.91x 1.44x 1.62x 1.28x 0.42x - - 0.43x 0.40x - -
304.6 279.7 254.8 165.6 (114.1) - - 78.8 92.7 - -
8.46x 8.63x 9.46x 11.98x - - - 7.14x 6.07x - -
176.4 152.8 146.0 119.1 (275.6) - - 14.9 31.7 - -
12.60x 12.64x 14.99x 19.32x - - - 26.88x 13.03x - -
EBITDA -114.13 Long-Term Rating Date -
EBIT -161.82 Long-Term Rating -
Operating Margin -11.25% Long-Term Outlook -
Pretax Margin -36.32% Short-Term Rating Date -
Return on Assets -44.42% Short-Term Rating -
Return on Common Equity -95.42%
Return on Capital - EBITDA/Interest Exp. -3.92
Asset Turnover 0.69% (EBITDA-Capex)/Interest Exp. -5.31
Net Debt/EBITDA -
Gross Margin 46.8% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin -57.3% Total Debt/Equity 46.5%
Net Income Margin -19.2% Total Debt/Capital 31.8%
Asset Turnover 0.69
Current Ratio 1.47 Net Fixed Asset Turnover 7.57
Quick Ratio 0.86 Accounts receivable turnover-days 70.08
Debt to Assets 22.99% Inventory Days 172.53
Tot Debt to Common Equity 46.49% Accounts Payable Turnover Day 179.32
Accounts Receivable Turnover 5.22 Cash Conversion Cycle 128.90
Inventory Turnover 2.12
Fiscal Year Ended
Billabong International LtdPrice/Volume
Valuation Analysis
3'193'904.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
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/
/
0
0
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0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
1'400.0
1'600.0
1'800.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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/-&--
0-&--
1-&--
2-&--
3-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MERCHANT GORDON STAN n/a EXCH 68'336'527 14.27 900'058 19.10.2012 n/a
TPG ASIA INC n/a Co File 59'618'480 12.45 - 12.10.2012 Other
IOOF HOLDINGS LTD n/a EXCH 41'439'752 8.65 (5'533'024) 19.12.2012 Investment Advisor
FRANKLIN RESOURCES I n/a Co File 36'551'586 7.63 - 14.08.2012 Unclassified
TIAA CREF INVESTMENT n/a EXCH 29'567'328 6.17 4'862'617 14.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a Co File 24'636'095 5.14 (7'060'063) 19.11.2012 Bank
MACQUARIE GROUP LTD n/a ULT-AGG 23'744'760 4.96 (1'377'251) 02.08.2012 Investment Advisor
BAILLIE GIFFORD AND n/a EXCH 15'849'851 3.31 - 29.06.2012 Investment Advisor
CREDIT SUISSE AG n/a EXCH 12'852'218 2.68 - 15.02.2012 Investment Advisor
MAPLE-BROWN ABBOTT L n/a EXCH 12'602'451 2.63 (6'256'976) 21.12.2011 Investment Advisor
INVESCO AUSTRALIA LT n/a EXCH 12'561'444 2.62 (1'670'532) 28.11.2011 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 12'318'798 2.57 (1'380'048) 23.02.2012 Bank
FMR LLC n/a ULT-AGG 11'723'946 2.45 (1'797'072) 30.04.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 9'131'423 1.91 - 31.07.2012 Investment Advisor
PAULL COLETTE n/a EXCH 5'521'824 1.15 2'548'535 26.07.2012 n/a
UBS n/a ULT-AGG 5'160'799 1.08 (13'819'335) 08.12.2011 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 4'159'525 0.87 55'000 31.12.2012 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 3'051'061 0.64 1'205 31.12.2012 Investment Advisor
VALIC CO I Multiple Portfolios MF-AGG 2'479'670 0.52 - 31.12.2012 Investment Advisor
GSM PTY LTD n/a EXCH 2'268'994 0.47 - 19.10.2012 Corporation
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse GRANT SALIGARI outperform 5 M 1 Not Provided 25.02.2013
JPMorgan SHAUN COUSINS neutral 3 M 1 9 month 23.02.2013
Deutsche Bank MICHAEL SIMOTAS hold 3 M 1 12 month 22.02.2013
Macquarie GREG DRING neutral 3 M 1 12 month 22.02.2013
CIMB DANIEL BROEREN neutral 3 D 1 12 month 22.02.2013
Commonwealth Bank JORDAN ROGERS underweight 1 M 1 12 month 22.02.2013
Nomura NICK BERRY reduce 2 D 1 Not Provided 22.02.2013
Morgan Stanley THOMAS KIERATH restricted #N/A N/A M #N/A N/A Not Provided 22.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 15.01.2013
Goldman Sachs PHILLIP KIMBER not rated #N/A N/A M #N/A N/A Not Provided 19.12.2012
Moelis & Company ADAM S MICHELL hold 3 M 1 12 month 25.10.2012
Makor Capital ALBERT SAPORTA buy 5 M 1 Not Provided 23.10.2012
Evans & Partners Pty Ltd TONY WILSON negative 2 D #N/A N/A Not Provided 26.08.2011
Holdings By:
Billabong International Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Decmil Group Limited (DGL) is a provider of engineering, construction and
maintenance and industrial services to Australia's resources, energy and
infrastructure sectors. The Company designs, builds and commissions temporary
and permanent facilities, including accommodation villages, administration
buildings, maintenance and storage facilities and complete civil concrete work.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (23.08.2012) 3.21
52-Week Low (05.12.2012) 2.11
Daily Volume
2.44
52-Week High % Change -23.99% Dividend Yield -
52-Week Low % Change 15.64% Beta 1.31
% 52 Week Price Range High/Low 36.36% Equity Float 137.68
Shares Out 31.12.2012 168.2 Short Int -
410.42 1 Yr Total Return -7.19%
Total Debt 15.85 YTD Return -2.75%
Preferred Stock 0.0 Adjusted BETA 1.309
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 141.35 Consensus Rating 4.000
Enterprise Value 348.03
Average Volume 5 Day 1'265'712
DCG AT EQUITY YTD Change - Average Volume 30 Day 888'548
DCG AT EQUITY YTD % CHANGE - Average Volume 3 Month 676'763
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
91.3 254.6 328.2 392.1 550.3 - - 565.8 589.7 - -
0.20x 0.24x 0.43x 0.73x 0.58x - - 0.67x 0.59x - -
4.6 21.0 30.4 35.4 56.1 - - 66.8 82.8 - -
3.86x 2.97x 4.63x 8.08x 5.65x - - 5.21x 4.20x - -
0.1 10.0 7.8 23.5 39.1 - - 44.8 49.6 - -
19.03x 6.58x 9.83x 14.58x 10.00x - - 9.61x 8.33x - -
EBITDA 56.12 Long-Term Rating Date -
EBIT 51.85 Long-Term Rating -
Operating Margin 9.42% Long-Term Outlook -
Pretax Margin 10.17% Short-Term Rating Date -
Return on Assets 17.89% Short-Term Rating -
Return on Common Equity 30.49%
Return on Capital 27.94% EBITDA/Interest Exp. 79.72
Asset Turnover 1.72% (EBITDA-Capex)/Interest Exp. 55.53
Net Debt/EBITDA -0.83
Gross Margin 15.2% Total Debt/EBITDA 0.45
EBITDA Margin 11.1%
EBIT Margin 10.3% Total Debt/Equity 7.0%
Net Income Margin 7.1% Total Debt/Capital 6.6%
Asset Turnover 1.72
Current Ratio 1.36 Net Fixed Asset Turnover 5.22
Quick Ratio 1.19 Accounts receivable turnover-days 24.50
Debt to Assets 3.57% Inventory Days 17.98
Tot Debt to Common Equity 7.03% Accounts Payable Turnover Day 70.50
Accounts Receivable Turnover 14.94 Cash Conversion Cycle 35.89
Inventory Turnover 20.35
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Decmil Group LtdPrice/Volume
Valuation Analysis
810'693.00
Current Price (2/dd/yy) Market Data
-
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.
/
/
0
0
1
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
.&- 9
/&- 9
0&- 9
1&- 9
2&- 9
3&- 9
4&- 9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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1&--
3&--
5&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BROADWAY PTY LTD n/a EXCH 16'975'000 10.09 - 18.09.2012 Other
ACORN CAPITAL LTD n/a Co File 15'446'896 9.18 - 30.06.2012 Investment Advisor
THORNEY INTL PTY LTD n/a EXCH 13'175'000 7.83 - 29.01.2013 Corporation
COMMONWEALTH BANK OF n/a EXCH 11'267'257 6.7 (1'702'082) 13.02.2013 Bank
DENVER INVESTMENT AD DENVER INVESTMENT AD 13F 8'614'988 5.12 8'614'988 31.12.2012 Investment Advisor
FRANCO M ROBERT n/a Co File 8'600'000 5.11 - 30.06.2012 n/a
AMP LTD n/a EXCH 8'451'873 5.02 - 03.09.2012 Insurance Company
WESTPAC BANKING CORP n/a EXCH 8'113'565 4.82 (1'237'218) 05.06.2012 Bank
UNISUPER n/a EXCH 2'827'249 1.68 - 21.12.2011 Other
SUNSUPER FUND n/a EXCH 1'799'171 1.07 - 21.12.2011 Other
CRIDDLE DENIS n/a EXCH 1'798'232 1.07 (16'975'000) 18.09.2012 n/a
MICROCAP INVESTMENT n/a EXCH 1'487'306 0.88 - 21.12.2011 Other
MACQUARIE GROUP LTD n/a ULT-AGG 1'415'170 0.84 (4'854) 30.06.2011 Investment Advisor
HEALTH SUPER n/a EXCH 1'334'055 0.79 - 21.12.2011 Other
CBA OFFICERS SUPER F n/a EXCH 1'193'664 0.71 418'116 21.12.2011 Other
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'149'372 0.68 - 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 830'775 0.49 - 31.07.2012 Investment Advisor
CRIDDLE SCOTT n/a EXCH 759'717 0.45 439'717 11.10.2012 n/a
QLD LOCAL GOVT SUPER n/a EXCH 757'260 0.45 - 21.12.2011 Other
AUSCOAL SUPER FUND n/a EXCH 698'819 0.42 - 21.12.2011 Other
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Nomura PAUL GRAHAM neutral 3 M 3 Not Provided 25.02.2013
RBS Morgans ALEXANDRA CLARKE outperform 5 U 3 12 month 25.02.2013
RBC Capital Markets HEATH ANDREWS sector perform 3 M 3 12 month 24.02.2013
EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 22.02.2013
Moelis & Company ADAM S MICHELL buy 5 M 3 12 month 21.02.2013
BBY Limited MOIRA EILEEN DAW buy 5 D 3 12 month 20.02.2013
Blackswan Equities Ltd OLIVER STEVENS hold 3 M 3 12 month 20.02.2013
Octa Phillip Securities Ltd CONOR O'PREY hold 3 M 2 Not Provided 20.02.2013
Hartleys TRENT BARNETT buy 5 M 3 12 month 19.02.2013
Argonaut Securities Pty Ltd IAN CHRISTIE hold 3 M 2 12 month 19.02.2013
E.L. & C. Baillieu ROB CRAIGIE hold 3 N 3 12 month 07.02.2013
Deutsche Bank DOMINIC ROSE buy 5 M 3 12 month 16.01.2013
Holdings By:
Decmil Group Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
OceanaGold Corporation is a gold mining and exploration company. The Company
currently owns interests in projects in New Zealand and the Philippines.
Latest Fiscal Year: 12/2012
LTM as of: 12/yy
52-Week High (23.10.2012) 3.57
52-Week Low (16.05.2012) 1.71
Daily Volume
2.45
52-Week High % Change -31.37% Dividend Yield -
52-Week Low % Change 43.70% Beta 1.52
% 52 Week Price Range High/Low 37.80% Equity Float -
Shares Out 31.01.2013 293.5 Short Int -
719.12 1 Yr Total Return 0.82%
Total Debt 266.87 YTD Return -11.23%
Preferred Stock 0.0 Adjusted BETA 1.517
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 96.50 Consensus Rating 5.000
Enterprise Value -
Average Volume 5 Day 1'515'098
OGC AT EQUITY YTD Change - Average Volume 30 Day 964'958
OGC AT EQUITY YTD % CHANGE - Average Volume 3 Month 954'878
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 12/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2
217.2 237.1 305.6 395.6 385.4 395.6 385.4 638.2 720.9 - -
0.77x 1.89x 3.30x 1.61x 2.62x 6.97x 9.30x 1.19x 0.77x - -
63.7 106.6 141.1 164.3 144.5 164.3 144.5 298.1 350.3 - -
2.62x 4.20x 7.15x 3.88x 7.00x 3.88x 7.00x - - - -
(54.7) 54.5 44.4 44.2 20.7 44.2 20.7 122.4 163.4 - -
- - - - - 0.00x 0.00x 6.50x 4.76x 6.10x -
EBITDA 144.50 Long-Term Rating Date -
EBIT 53.12 Long-Term Rating -
Operating Margin 13.78% Long-Term Outlook -
Pretax Margin 8.37% Short-Term Rating Date -
Return on Assets 2.24% Short-Term Rating -
Return on Common Equity 3.80%
Return on Capital 4.57% EBITDA/Interest Exp. 5.98
Asset Turnover 0.42% (EBITDA-Capex)/Interest Exp. -6.04
Net Debt/EBITDA 1.18
Gross Margin 17.7% Total Debt/EBITDA 1.85
EBITDA Margin 37.5%
EBIT Margin 13.8% Total Debt/Equity 43.8%
Net Income Margin 5.4% Total Debt/Capital 30.4%
Asset Turnover 0.42
Current Ratio 0.93 Net Fixed Asset Turnover 0.59
Quick Ratio 0.56 Accounts receivable turnover-days 10.71
Debt to Assets 25.87% Inventory Days 64.88
Tot Debt to Common Equity 43.76% Accounts Payable Turnover Day 58.44
Accounts Receivable Turnover 34.08 Cash Conversion Cycle 17.15
Inventory Turnover 5.63
Fiscal Year Ended
OceanaGold CorpPrice/Volume
Valuation Analysis
1'056'412.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
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50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VAN ECK ASSOCIATES C n/a EXCH 17'977'486 6.12 (1'106'603) 26.12.2012 Investment Advisor
AMP LTD n/a EXCH 14'719'157 5.01 - 06.02.2013 Insurance Company
RUFFER LLP Multiple Portfolios MF-AGG 9'445'179 3.22 (2'560'000) 28.09.2012 Hedge Fund Manager
CF RUFFER BAKER STEE n/a EXCH 9'272'179 3.16 - 02.10.2012 n/a
JP MORGAN n/a ULT-AGG 5'460'000 1.86 - 31.10.2012 Unclassified
MACQUARIE GROUP LTD n/a ULT-AGG 3'356'241 1.14 1'012'961 31.08.2011 Investment Advisor
GENUS DYNAMIC GOLD F n/a EXCH 3'172'000 1.08 - 02.10.2012 n/a
BAKER STEEL CAPITAL n/a EXCH 2'519'000 0.86 - 01.11.2012 Investment Advisor
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 2'300'000 0.78 2'300'000 30.11.2012 Investment Advisor
DEN DUYTS CORP & ASS n/a EXCH 1'542'855 0.53 - 04.06.2011 Investment Advisor
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 1'232'070 0.42 - 30.06.2012 Mutual Fund Manager
SPROTT INC Multiple Portfolios MF-AGG 1'150'000 0.39 - 30.06.2011 Hedge Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 679'233 0.23 1'956 30.09.2012 Mutual Fund Manager
RIT CAPITAL PARTNERS n/a EXCH 650'000 0.22 - 02.10.2012 Investment Advisor
LB SWISS INVESTMENT Multiple Portfolios MF-AGG 400'000 0.14 200'000 28.12.2012 Mutual Fund Manager
LEVISTE JR JOSE PARE n/a EXCH 376'770 0.13 (50'000) 30.06.2010 n/a
EPOCH INVESTMENT PAR Multiple Portfolios MF-AGG 272'950 0.09 137'550 31.12.2012 Hedge Fund Manager
OPPENHEIM KAPITALANL Multiple Portfolios MF-AGG 260'000 0.09 - 31.10.2012 Mutual Fund Manager
FERN TERRENCE N n/a EXCH 222'019 0.08 - 04.06.2011 n/a
SHALE IV JAMES DENHA n/a EXCH 200'000 0.07 - 04.06.2010 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY buy/attractive 5 M 3 12 month 26.02.2013
Nomura DAVID COTTERELL buy 5 M 4 Not Provided 26.02.2013
BMO Capital Markets BRIAN QUAST outperform 5 M 4 Not Provided 25.02.2013
Canaccord Genuity Corp REG SPENCER buy 5 M 4 12 month 19.02.2013
JPMorgan JOSEPH KIM overweight 5 M 4 9 month 15.02.2013
Macquarie MITCH RYAN outperform 5 M 5 12 month 15.02.2013
Investec COLIN MCLELLAND buy 5 M 3 12 month 23.01.2013
Holdings By:
OceanaGold Corp ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Coalspur Mines Ltd. explores for coal in Canada.
Latest Fiscal Year: 06/2012
LTM as of: 09/yy
52-Week High (30.04.2012) 1.76
52-Week Low (13.07.2012) 0.51
Daily Volume
0.735
52-Week High % Change -58.12% Dividend Yield 0.00
52-Week Low % Change 44.12% Beta 1.86
% 52 Week Price Range High/Low 20.88% Equity Float 381.67
Shares Out 06.02.2013 634.1 Short Int -
466.10 1 Yr Total Return -53.04%
Total Debt 0.00 YTD Return 2.08%
Preferred Stock 0.0 Adjusted BETA 1.859
Minority Interest 0.0 Analyst Recs 7
Cash and Equivalents 7.29 Consensus Rating 4.714
Enterprise Value 474.60
Average Volume 5 Day 521'813
CPL AT EQUITY YTD Change - Average Volume 30 Day 810'965
CPL AT EQUITY YTD % CHANGE - Average Volume 3 Month 968'705
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 09/yy 09/yy 06/13 Y 06/14 Y 12/12 Q2 03/13 Q3
- - - 0.0 0.0 0.0 0.0 0.0 0.0 - -
- - - - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! - -
(0.6) (1.7) (8.3) (16.9) (23.5) 0.0 0.0 (13.4) (8.5) (2.1) -
- - - - - 0.00x 0.00x - - - -
(0.5) (1.7) (8.1) (16.5) (23.1) (15.8) (22.4) (10.9) (9.6) (2.1) -
- - - - - 0.00x 0.00x - - - -
EBITDA -23.48 Long-Term Rating Date -
EBIT -23.54 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -12.66% Short-Term Rating -
Return on Common Equity -13.61%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 3.25 Net Fixed Asset Turnover 0.00
Quick Ratio 3.05 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 0.00 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Coalspur Mines LtdPrice/Volume
Valuation Analysis
567'532.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
---.....///
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0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BORROWDALE PARK S.A. n/a EXCH 153'840'202 24.26 15'356'869 09.01.2013 Corporation
ARGYLE GAVIN JOHN n/a EXCH 53'877'953 8.5 - 30.01.2012 n/a
ARIMA ANASTASIOS n/a EXCH 19'203'092 3.03 - 11.05.2011 n/a
ARREDO PTY LTD n/a EXCH 14'900'000 2.35 - 13.10.2011 Corporation
PEARCE MARK LAURENCE n/a EXCH 3'990'000 0.63 - 13.10.2011 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'675'285 0.58 19'458 31.12.2012 Investment Advisor
WUSATY EUGENE n/a EXCH 2'850'000 0.45 - 30.06.2012 n/a
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'246'710 0.35 (14'075) 30.09.2012 Mutual Fund Manager
FIRST ASSET INVESTME Multiple Portfolios MF-AGG 1'243'600 0.2 - 30.11.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'239'823 0.2 - 31.07.2012 Investment Advisor
TURCOTTE DENIS A n/a Co File 925'000 0.15 - 07.09.2012 n/a
BLACKROCK n/a ULT-AGG 749'709 0.12 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 561'669 0.09 92'652 31.08.2011 Investment Advisor
JP MORGAN n/a ULT-AGG 486'300 0.08 23'000 28.09.2012 Unclassified
RODDA MARK T n/a EXCH 458'334 0.07 66'667 09.01.2013 n/a
LANE DERMOT n/a Co File 441'600 0.07 - 07.09.2012 n/a
MAYERS THEODORE C n/a Co File 375'000 0.06 - 07.09.2012 n/a
DRIER WAYNE n/a Co File 374'000 0.06 - 07.09.2012 n/a
BREESE PETER B n/a EXCH 366'667 0.06 - 30.11.2012 n/a
HANSAINVEST GMBH Multiple Portfolios MF-AGG 290'121 0.05 - 28.12.2012 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Haywood Securities Inc. COLIN HEALEY sector outperform 5 M 1 Not Provided 21.02.2013
BMO Capital Markets MEREDITH H BANDY speculative outperform 4 M 1 Not Provided 11.02.2013
Salman Partners MIKE PLASTER speculative buy 4 M 2 12 month 05.02.2013
Paterson Securities ANDREW HARRINGTON buy 5 M 2 12 month 01.02.2013
Bell Potter STUART HOWE buy 5 M 1 12 month 22.01.2013
Dundee Securities Corp DAVID CHARLES buy 5 M 1 12 month 14.01.2013
RBC Capital Markets ROBIN B KOZAR outperform 5 M 1 12 month 28.11.2012
EVA Dimensions TEAM COVERAGE sell 1 N #N/A N/A Not Provided 13.01.2012
Holdings By:
Coalspur Mines Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Imdex Limited provides drilling fluids and leading down hole instrumentation to
the mining, oil and gas, water well, and civil engineering industries worldwide.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (04.04.2012) 3.28
52-Week Low (30.11.2012) 1.11
Daily Volume
1.545
52-Week High % Change -52.90% Dividend Yield 4.21
52-Week Low % Change 39.82% Beta 1.53
% 52 Week Price Range High/Low 20.92% Equity Float 152.75
Shares Out 31.12.2012 210.5 Short Int -
325.18 1 Yr Total Return -35.90%
Total Debt 59.43 YTD Return -8.31%
Preferred Stock 0.0 Adjusted BETA 1.530
Minority Interest 0.0 Analyst Recs 16
Cash and Equivalents 11.23 Consensus Rating 3.375
Enterprise Value 381.38
Average Volume 5 Day 1'757'012
IMD AT EQUITY YTD Change - Average Volume 30 Day 1'275'570
IMD AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'207'860
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
142.0 137.0 134.3 205.2 269.6 - - 262.5 287.8 - -
2.30x 1.06x 1.23x 2.17x 1.54x - - 1.44x 1.27x - -
42.6 33.0 48.7 57.2 82.9 - - 62.4 74.6 - -
7.68x 4.38x 3.40x 7.79x 5.00x - - 6.11x 5.11x - -
32.0 12.1 (21.5) 29.0 45.8 - - 34.2 40.6 - -
14.80x 10.13x - 14.64x 7.88x - - 9.42x 8.05x - -
EBITDA 82.90 Long-Term Rating Date -
EBIT 70.18 Long-Term Rating -
Operating Margin 26.03% Long-Term Outlook -
Pretax Margin 25.04% Short-Term Rating Date -
Return on Assets 14.89% Short-Term Rating -
Return on Common Equity 24.39%
Return on Capital 19.43% EBITDA/Interest Exp. 45.27
Asset Turnover 0.97% (EBITDA-Capex)/Interest Exp. 39.23
Net Debt/EBITDA 0.82
Gross Margin 61.1% Total Debt/EBITDA 0.97
EBITDA Margin 26.5%
EBIT Margin 22.0% Total Debt/Equity 35.4%
Net Income Margin 17.0% Total Debt/Capital 26.1%
Asset Turnover 0.97
Current Ratio 2.29 Net Fixed Asset Turnover 9.72
Quick Ratio 1.18 Accounts receivable turnover-days 72.57
Debt to Assets 21.65% Inventory Days -
Tot Debt to Common Equity 35.36% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.04 Cash Conversion Cycle 170.61
Inventory Turnover -
Fiscal Year Ended
Imdex LtdPrice/Volume
Valuation Analysis
223'358.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
.
.
/
/
0
0
1
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2&- 9
3&- 9
4&- 9
5&- 9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
4-&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
OZ MINERALS LTD n/a EXCH 33'909'000 16.11 - 28.11.2012 Corporation
CELESTE FUNDS MANAGE #N/A N/A EXCH 14'238'766 6.77 3'419'296 27.02.2013 Hedge Fund Manager
BLACKROCK n/a ULT-AGG 10'995'074 5.22 (25'845) 25.02.2013 Investment Advisor
NORTHCAPE CAPITAL PT n/a EXCH 10'234'627 4.86 (302'523) 14.01.2013 Other
PERPETUAL LTD n/a EXCH 10'083'279 4.79 (2'857'877) 29.02.2012 Investment Advisor
WESTPAC BANKING CORP n/a EXCH 9'547'445 4.54 (2'356'422) 18.01.2012 Bank
ERICSSON CLAES n/a EXCH 8'507'406 4.04 (2'002'931) 09.09.2011 n/a
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 3'008'106 1.43 1'561'915 31.10.2012 Investment Advisor
ROYCE AND ASSOCIATES Multiple Portfolios MF-AGG 2'328'557 1.11 15'000 31.12.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 2'323'120 1.1 66'907 31.08.2011 Investment Advisor
RIDGEWAY BERNARD WIL n/a Co File 2'214'630 1.05 - 17.08.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'062'146 0.98 (4) 31.12.2012 Investment Advisor
NEUBERGER BERMAN LLC Multiple Portfolios MF-AGG 1'687'555 0.8 14'030 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'522'821 0.72 426'710 30.09.2012 Mutual Fund Manager
EIM CAPITAL MANAGERS Multiple Portfolios MF-AGG 1'475'439 0.7 - 31.01.2013 Investment Advisor
FMR LLC n/a ULT-AGG 1'364'960 0.65 (286'052) 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'340'372 0.64 - 31.07.2012 Investment Advisor
WEAR SERVICES PTY LT n/a EXCH 987'893 0.47 (26'737) 06.06.2012 Corporation
LEMMEL MAGNUS n/a Co File 750'000 0.36 10'000 15.11.2012 n/a
WASATCH ADVISORS INC Multiple Portfolios MF-AGG 702'700 0.33 - 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Ord Minnett JAMES LENNON hold 3 M 2 Not Provided 22.02.2013
Canaccord Genuity Corp AARON MULLER hold 3 M 2 12 month 19.02.2013
Wilson HTM Investment Group JACQUELINE FERNLEY hold 3 M 2 Not Provided 19.02.2013
Morgan Stanley DAVID EVANS Equalwt/In-Line 3 M 2 12 month 18.02.2013
Goldman Sachs WILL CHARLSTON neutral/neutral 3 M 2 12 month 18.02.2013
Hartleys TRENT BARNETT buy 5 M 2 12 month 18.02.2013
CIMB MATTHEW NICHOLAS neutral 3 M 2 12 month 18.02.2013
BBY Limited SWAPAN PANDYA underperform 1 M 2 12 month 18.02.2013
Nomura PAUL GRAHAM neutral 3 M 2 Not Provided 18.02.2013
Argonaut Securities Pty Ltd IAN CHRISTIE hold 3 M 2 12 month 18.02.2013
Moelis & Company ADAM S MICHELL buy 5 M 2 12 month 30.01.2013
EVA Dimensions CRAIG STERLING overweight 5 M #N/A N/A Not Provided 15.01.2013
Deutsche Bank DOMINIC ROSE hold 3 D 2 12 month 18.10.2012
Holdings By:
Imdex Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
FKP Property Group's activities include the development for resale of land
subdivision, residential and commercial property along with commercial and
residential building and construction. The Company also develops and manages
retirement villages and invests in and manages office and commercial properties
along with providing funds management and other property services.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 3.15
52-Week Low (21.12.2012) 1.12
Daily Volume
1.685
52-Week High % Change -46.42% Dividend Yield 9.09
52-Week Low % Change 50.45% Beta 0.88
% 52 Week Price Range High/Low 26.17% Equity Float 144.28
Shares Out 14.12.2012 321.6 Short Int -
541.86 1 Yr Total Return -43.59%
Total Debt 975.60 YTD Return 49.12%
Preferred Stock 0.0 Adjusted BETA 0.884
Minority Interest 469.4 Analyst Recs 5
Cash and Equivalents 18.20 Consensus Rating 3.000
Enterprise Value 1'968.66
Average Volume 5 Day 923'776
FKP AT EQUITY YTD Change - Average Volume 30 Day 1'221'549
FKP AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'037'375
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
260.5 325.5 404.1 258.6 131.7 - - 291.4 380.2 - -
11.16x 5.23x 4.95x 8.04x 14.33x - - 5.67x 4.57x - -
50.6 111.6 58.2 74.5 (19.2) - - 61.0 69.3 - -
57.47x 15.27x 34.37x 27.92x - - - 32.29x 28.43x - -
145.3 (319.4) 50.8 73.0 (352.9) - - 47.3 67.1 - -
8.88x - 15.01x 10.00x - - - 13.37x 12.21x - -
EBITDA -19.20 Long-Term Rating Date -
EBIT -22.20 Long-Term Rating -
Operating Margin -16.86% Long-Term Outlook -
Pretax Margin -373.88% Short-Term Rating Date -
Return on Assets -9.05% Short-Term Rating -
Return on Common Equity -39.87%
Return on Capital - EBITDA/Interest Exp. -0.24
Asset Turnover 0.03% (EBITDA-Capex)/Interest Exp. -1.43
Net Debt/EBITDA -
Gross Margin 23.7% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin -16.9% Total Debt/Equity 139.0%
Net Income Margin -268.0% Total Debt/Capital 45.4%
Asset Turnover 0.03
Current Ratio 0.29 Net Fixed Asset Turnover 0.05
Quick Ratio 0.03 Accounts receivable turnover-days 67.67
Debt to Assets 26.05% Inventory Days 780.80
Tot Debt to Common Equity 139.01% Accounts Payable Turnover Day 37.42
Accounts Receivable Turnover 5.41 Cash Conversion Cycle 811.05
Inventory Turnover 0.47
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
FKP Property GroupPrice/Volume
Valuation Analysis
11'934'703.00
Current Price (2/dd/yy) Market Data
-
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100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
MULPHA INTERNATIONAL n/a EXCH 84'326'641 26.22 - 10.01.2013 Corporation
STOCKLAND n/a EXCH 46'009'761 14.31 - 27.09.2012 Corporation
IOOF HOLDINGS LTD n/a EXCH 40'123'994 12.48 (23'415) 28.09.2012 Investment Advisor
AMP LTD n/a EXCH 20'136'017 6.26 (4'126'713) 31.01.2013 Insurance Company
DIMENSIONAL FUND ADV n/a EXCH 8'608'538 2.68 (81'005) 18.04.2012 Investment Advisor
PARKER PHILIP n/a EXCH 5'585'377 1.74 - 21.02.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'157'154 0.98 213'097 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 3'004'823 0.93 - 31.07.2012 Investment Advisor
ALPINE WOODS CAPITAL Multiple Portfolios MF-AGG 1'326'530 0.41 612'245 31.10.2012 Investment Advisor
BROWN PETER ROSS n/a EXCH 1'231'617 0.38 - 14.09.2012 n/a
ARGO INVESTMENTS LTD Multiple Portfolios MF-AGG 1'060'227 0.33 - 30.06.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'027'910 0.32 469'111 30.09.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 850'773 0.26 71'821 31.08.2011 Investment Advisor
FRANK RUSSELL TRUST Multiple Portfolios MF-AGG 518'436 0.16 - 31.05.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 408'402 0.13 4'706 25.02.2013 Investment Advisor
PRUDENTIAL FINANCIAL n/a ULT-AGG 371'220 0.12 (298'484) 31.12.2012 Investment Advisor
STATE STREET n/a ULT-AGG 194'494 0.06 - 25.02.2013 Investment Advisor
HARTFORD INVESTMENT Multiple Portfolios MF-AGG 100'126 0.03 - 31.01.2013 Investment Advisor
ALLSTATE CORP n/a ULT-AGG 77'463 0.02 (28'585) 30.09.2012 Insurance Company
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 71'168 0.02 (10'301) 26.02.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
JPMorgan RICHARD JONES neutral 3 M 2 6 month 26.02.2013
EVA Dimensions AUSTIN BURKETT hold 3 M #N/A N/A Not Provided 17.01.2013
RBS Morgans FIONA BUCHANAN neutral 3 M 1 12 month 20.12.2012
Goldman Sachs PETER ZUK not rated #N/A N/A M #N/A N/A Not Provided 13.06.2012
Holdings By:
FKP Property Group ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Mirabela Nickel Limited a mineral exploration company with a portfolio of
prospective nickel and other base metal targets in Brazil.The Company explores
for nickel in the state of Bahia in Brazil. Mirabela's projects include the
Santa Rita, Serra Azul, Palestina, Sao Francisco where it explores fornickel
saprolite resource and nickel sulphide.
Latest Fiscal Year: 12/2012
LTM as of: 09/yy
52-Week High (27.02.2012) 0.98
52-Week Low (11.07.2012) 0.22
Daily Volume
0.38
52-Week High % Change -61.38% Dividend Yield 0.00
52-Week Low % Change 76.74% Beta 1.60
% 52 Week Price Range High/Low 22.11% Equity Float 728.02
Shares Out 23.01.2013 876.8 Short Int -
333.17 1 Yr Total Return -60.61%
Total Debt 402.20 YTD Return -20.83%
Preferred Stock 0.0 Adjusted BETA 1.603
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 61.20 Consensus Rating 3.769
Enterprise Value 630.63
Average Volume 5 Day 2'297'249
MBN AT EQUITY YTD Change - Average Volume 30 Day 2'550'923
MBN AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'362'198
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 31.12.2010 31.12.2011 31.12.2012 09/yy 09/yy 12/13 Y 12/14 Y 03/13 Q1 06/13 Q2
- - 211.0 303.6 343.4 251.5 369.6 384.4 426.7 105.0 106.0
- - 6.20x 2.98x - 18.47x 7.56x 1.69x 1.48x 6.32x 6.26x
(7.9) (12.2) 30.2 5.7 - 14.3 96.1 93.2 118.2 16.9 17.1
- - 43.30x 159.82x - 64.84x 7.11x 6.77x 5.33x 9.38x 8.64x
17.7 (28.1) (47.6) (50.8) (452.9) (64.6) (66.2) (23.4) (1.4) (9.4) (9.4)
40.82x - - - - 0.00x 0.00x - 24.19x 48.38x 129.02x
EBITDA 5.67 Long-Term Rating Date 29.03.2012
EBIT -53.71 Long-Term Rating CCC+
Operating Margin -17.69% Long-Term Outlook STABLE
Pretax Margin -17.50% Short-Term Rating Date -
Return on Assets -6.35% Short-Term Rating -
Return on Common Equity -12.35%
Return on Capital - EBITDA/Interest Exp. 0.15
Asset Turnover 0.35% (EBITDA-Capex)/Interest Exp. -2.40
Net Debt/EBITDA 3.03
Gross Margin -9.2% Total Debt/EBITDA 4.70
EBITDA Margin 26.0%
EBIT Margin -10.2% Total Debt/Equity 76.5%
Net Income Margin -131.9% Total Debt/Capital 43.4%
Asset Turnover 0.35
Current Ratio 2.15 Net Fixed Asset Turnover 0.47
Quick Ratio 1.02 Accounts receivable turnover-days 26.43
Debt to Assets 39.59% Inventory Days 59.40
Tot Debt to Common Equity 76.54% Accounts Payable Turnover Day 27.76
Accounts Receivable Turnover 13.85 Cash Conversion Cycle 56.72
Inventory Turnover 6.16
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Mirabela Nickel LtdPrice/Volume
Valuation Analysis
4'357'456.00
Current Price (2/dd/yy) Market Data
-
-
-
.
.
.
.
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
DEANS KNIGHT CAPITAL n/a Co File 128'190'489 14.62 - 30.06.2012 Investment Advisor
RESOURCE CAPITAL FUN n/a EXCH 104'102'564 11.87 54'102'564 29.05.2012 Private Equity
PERPETUAL LTD n/a EXCH 70'283'508 8.02 (9'248'710) 02.01.2013 Investment Advisor
STEYN COLIN H n/a PROXY 50'972'345 5.81 - 13.04.2012 n/a
LANCASTER PARK SA n/a EXCH 50'972'345 5.81 - 29.05.2012 Other
DISBROW ROBERT n/a Co File 32'022'100 3.65 - 27.02.2012 n/a
NATIONAL AUSTRALIA B n/a ULT-AGG 24'445'537 2.79 (6'537'715) 02.05.2012 Bank
OMERS ADMINISTRATION n/a EXCH 24'393'200 2.78 (2'254'400) 20.07.2011 Pension Fund (ERISA)
JP MORGAN n/a ULT-AGG 15'061'770 1.72 - 31.12.2012 Unclassified
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 11'437'875 1.3 - 30.06.2012 Mutual Fund Manager
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 8'607'180 0.98 - 25.02.2013 Investment Advisor
BURTON CRAIG IAN n/a EXCH 7'788'561 0.89 - 01.01.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 7'317'629 0.83 244'678 31.12.2012 Investment Advisor
CLOUGH WILLIAM HAROL n/a EXCH 6'000'000 0.68 - 01.01.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 5'926'177 0.68 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'533'371 0.4 (28'080) 30.09.2012 Mutual Fund Manager
FIRST ASSET INVESTME Multiple Portfolios MF-AGG 3'276'400 0.37 - 30.11.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 1'938'936 0.22 - 25.02.2013 Investment Advisor
AGF INVESTMENTS INC Multiple Portfolios MF-AGG 1'871'930 0.21 - 28.09.2012 Investment Advisor
FRONT STREET CAPITAL Multiple Portfolios MF-AGG 1'314'364 0.15 - 31.10.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Macquarie LEE BOWERS neutral 3 M 1 12 month 25.02.2013
RBC Capital Markets GEOFF BREEN sector perform 3 M 1 12 month 21.02.2013
Credit Suisse PAUL MCTAGGART neutral 3 M 1 Not Provided 14.02.2013
Cormark Securities Inc. CLIFF HALE-SANDERS buy 5 M 1 12 month 06.02.2013
Raymond James TOM MEYER Under Review #N/A N/A M #N/A N/A Not Provided 05.02.2013
Paradigm Capital Inc SANTO RANIERI buy 5 M 1 12 month 01.02.2013
Paterson Securities SIMON TONKIN buy 5 U 1 12 month 30.01.2013
RBS Morgans TOM SARTOR neutral 3 D 1 12 month 29.01.2013
Dundee Securities Corp DAVID CHARLES buy 5 M 1 12 month 22.01.2013
CIBC World Markets ALEC KODATSKY sector perform 3 M 1 Not Provided 21.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Argonaut Securities Pty Ltd TROY IRVIN buy 5 U 1 12 month 13.11.2012
Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012
Evans & Partners Pty Ltd CATHY MOISES negative 2 D #N/A N/A Not Provided 28.07.2011
Holdings By:
Mirabela Nickel Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Discovery Metals Limited is an exploration and production company. The Company
is focused on developing the Boseto Copper Project located in west Botswana.
Discovery Metals also controls the Dikoloti Nickel Project in north east
Botswana.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (23.04.2012) 1.82
52-Week Low (21.02.2013) 0.56
Daily Volume
0.62
52-Week High % Change -65.84% Dividend Yield 0.00
52-Week Low % Change 10.71% Beta 1.34
% 52 Week Price Range High/Low 5.98% Equity Float 377.63
Shares Out 31.12.2012 487.0 Short Int -
301.93 1 Yr Total Return -59.61%
Total Debt 205.00 YTD Return -61.96%
Preferred Stock 0.0 Adjusted BETA 1.343
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 60.31 Consensus Rating 2.800
Enterprise Value 444.72
Average Volume 5 Day 16'238'730
DML AT EQUITY YTD Change - Average Volume 30 Day 5'182'716
DML AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'317'015
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
0.0 0.0 0.0 0.0 0.0 - - 189.1 324.9 - -
- - - - - - - 2.08x 0.97x - -
(3.9) (3.6) (4.6) (14.6) (20.7) - - 72.3 162.7 - -
- - - - - - - 6.15x 2.73x - -
(3.2) (3.3) (4.1) (14.5) (21.1) - - 45.1 102.6 - -
- - - - - - - 7.10x 3.16x - -
EBITDA -20.66 Long-Term Rating Date -
EBIT -21.32 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -6.12% Short-Term Rating -
Return on Common Equity -11.23%
Return on Capital - EBITDA/Interest Exp. -13.45
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -156.64
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -7.10
EBITDA Margin -
EBIT Margin - Total Debt/Equity 86.0%
Net Income Margin - Total Debt/Capital 46.2%
Asset Turnover 0.00
Current Ratio 1.06 Net Fixed Asset Turnover 0.00
Quick Ratio 0.58 Accounts receivable turnover-days -
Debt to Assets 41.67% Inventory Days -
Tot Debt to Common Equity 86.05% Accounts Payable Turnover Day -
Accounts Receivable Turnover 0.00 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Discovery Metals LtdPrice/Volume
Valuation Analysis
12'227'644.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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3-&- 9
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 100'133'200 20.56 430'000 25.02.2013 Investment Advisor
CATHAY FORTUNE CORP n/a EXCH 66'795'164 13.72 (11'957'037) 15.02.2013 Private Equity
GENESIS ASSET MANAGE n/a Co File 35'886'865 7.37 - 30.09.2012 Investment Advisor
M&G INVESTMENT MANAG #N/A N/A EXCH 33'900'000 6.96 - 27.11.2012 Investment Advisor
TRANSAMINVEST SA n/a Co File 31'300'470 6.43 - 30.09.2012 Other
VANGUARD GROUP INC #N/A N/A EXCH 31'000'000 6.37 (4'900'000) 21.02.2013 Investment Advisor
NATIONAL AUSTRALIA B n/a ULT-AGG 26'041'189 5.35 - 30.09.2012 Bank
TAURUS SM HOLDINGS P n/a EXCH 3'293'019 0.68 (30'061'047) 27.01.2012 Holding Company
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 3'056'400 0.63 - 30.06.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 2'939'449 0.6 553'145 31.08.2011 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'403'820 0.49 195'972 30.09.2012 Mutual Fund Manager
GALT GORDON THOMAS n/a Co File 2'356'236 0.48 - 30.06.2012 n/a
READ JEREMY JAMES n/a EXCH 1'620'000 0.33 - 21.02.2013 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'293'797 0.27 - 31.07.2012 Investment Advisor
CORDINER MORRICE n/a Co File 1'055'000 0.22 - 30.06.2012 n/a
SAMPSON STUART BRADL n/a EXCH 1'018'000 0.21 8'000 22.02.2013 n/a
GABONOWE RIBSON n/a Co File 953'694 0.2 - 30.06.2012 n/a
SHAW JOHN THOMAS n/a Co File 500'000 0.1 - 30.06.2012 n/a
STATE STREET n/a ULT-AGG 255'958 0.05 - 25.02.2013 Investment Advisor
ANDERSEN JAN n/a Co File 250'000 0.05 - 30.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY neutral/attractive 3 M 1 12 month 26.02.2013
Macquarie TOM WALKER neutral 3 M 2 12 month 25.02.2013
Blackswan Equities Ltd MARK SAVICH buy 5 M 1 12 month 25.02.2013
Octa Phillip Securities Ltd PIETER BRUINSTROOP buy 5 U 1 Not Provided 25.02.2013
RBC Capital Markets GEOFF BREEN underperform 1 M 1 12 month 20.02.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
RBS Morgans CHRIS BROWN neutral 3 N 2 12 month 27.11.2012
Bell Potter STUART HOWE hold 3 D 2 12 month 16.10.2012
Argonaut Securities Pty Ltd TROY IRVIN hold 3 M 2 Not Provided 23.04.2012
Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012
Fox-Davies Capital PETER ROSE hold 3 M 2 12 month 19.01.2012
Holdings By:
Discovery Metals Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Alacer Gold Corporation explores for gold. The Company operates in Australia
and Turkey.
Latest Fiscal Year: 12/2011
LTM as of: 09/yy
52-Week High (29.02.2012) 9.20
52-Week Low (20.02.2013) 3.10
Daily Volume
3.5
52-Week High % Change -61.96% Dividend Yield -
52-Week Low % Change 12.90% Beta 0.92
% 52 Week Price Range High/Low 5.74% Equity Float -
Shares Out 31.01.2013 286.9 Short Int -
1'004.06 1 Yr Total Return -61.02%
Total Debt 200.46 YTD Return -26.16%
Preferred Stock 0.0 Adjusted BETA 0.916
Minority Interest 18.0 Analyst Recs 14
Cash and Equivalents 249.57 Consensus Rating 3.643
Enterprise Value -
Average Volume 5 Day 989'420
AQG AT EQUITY YTD Change - Average Volume 30 Day 946'040
AQG AT EQUITY YTD % CHANGE - Average Volume 3 Month 813'932
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 09/yy 09/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1
0.0 0.0 0.0 0.0 557.4 373.2 721.2 717.5 715.1 184.2 -
- - - - 5.13x 24.08x 11.98x 1.11x 0.87x - -
(15.2) (17.6) (13.4) (15.6) 257.0 159.5 326.1 319.5 333.3 71.4 -
- - - - 11.13x 17.33x 6.18x - - - -
(19.6) (13.5) (33.5) (37.8) 75.2 (9.6) 174.2 114.4 135.2 14.2 -
- - - - - 0.00x 0.00x 9.14x 7.63x - -
EBITDA 257.03 Long-Term Rating Date -
EBIT 165.28 Long-Term Rating -
Operating Margin 29.65% Long-Term Outlook -
Pretax Margin 13.31% Short-Term Rating Date -
Return on Assets 9.78% Short-Term Rating -
Return on Common Equity 12.37%
Return on Capital - EBITDA/Interest Exp. 10.46
Asset Turnover 0.40% (EBITDA-Capex)/Interest Exp. 5.50
Net Debt/EBITDA -0.63
Gross Margin 40.9% Total Debt/EBITDA 0.23
EBITDA Margin 45.2%
EBIT Margin 25.2% Total Debt/Equity 14.6%
Net Income Margin 13.5% Total Debt/Capital 12.6%
Asset Turnover 0.40
Current Ratio 1.15 Net Fixed Asset Turnover 0.50
Quick Ratio 0.83 Accounts receivable turnover-days -
Debt to Assets 11.12% Inventory Days 69.76
Tot Debt to Common Equity 14.58% Accounts Payable Turnover Day 112.72
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover 5.25
Fiscal Year Ended
Alacer Gold CorpPrice/Volume
Valuation Analysis
710'887.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 3'010'098 1.05 3'010'098 30.06.2012 Investment Advisor
WILLIAMS ROHAN IAN n/a EXCH 2'013'968 0.7 (200'000) 14.09.2012 n/a
JP MORGAN n/a ULT-AGG 1'925'139 0.67 (710'000) 31.10.2012 Unclassified
CREDIT SUISSE ASSET Multiple Portfolios MF-AGG 419'800 0.15 - 28.12.2012 Mutual Fund Manager
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 389'699 0.14 1'104 30.09.2012 Mutual Fund Manager
BARING ASSET MANAGEM Multiple Portfolios MF-AGG 383'200 0.13 - 31.10.2012 Unclassified
ABERDEEN n/a ULT-AGG 376'200 0.13 - 31.01.2013 Unclassified
RUFFER LLP Multiple Portfolios MF-AGG 333'975 0.12 - 28.09.2012 Hedge Fund Manager
NEWMAN CHRIS n/a SEDI 229'130 0.08 2'267 13.06.2012 n/a
HADDON TIMOTHY J n/a EXCH 218'262 0.08 - 17.12.2012 n/a
QUINLIVAN DAVID F n/a EXCH 206'606 0.07 62'245 01.08.2012 n/a
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 192'700 0.07 192'700 30.09.2011 Mutual Fund Manager
GRAFF RICHARD P n/a EXCH 81'837 0.03 - 27.11.2012 n/a
SNS INVESTMENT FUND Multiple Portfolios MF-AGG 62'975 0.02 - 29.06.2012 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 57'337 0.02 7'750 31.08.2011 Investment Advisor
NESTOR INVESTMENT MA Multiple Portfolios MF-AGG 40'000 0.01 - 31.12.2012 Mutual Fund Manager
FLEMING FAMILY & PAR Multiple Portfolios MF-AGG 33'736 0.01 - 31.01.2012 Mutual Fund Manager
CAPITAL INTERNATIONA Multiple Portfolios MF-AGG 27'255 0.01 - 30.09.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 19'473 0.01 - 25.02.2013 Investment Advisor
COUNSEL PORTFOLIO SE Multiple Portfolios MF-AGG 16'673 0.01 - 28.09.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Goldman Sachs PAUL HISSEY sell/attractive 1 M 2 12 month 26.02.2013
JPMorgan JOSEPH KIM neutral 3 U 4 9 month 22.02.2013
Nomura DAVID RADCLYFFE reduce 2 D 3 Not Provided 18.02.2013
Macquarie MITCH RYAN outperform 5 M 5 12 month 14.02.2013
Argonaut Securities Pty Ltd TROY IRVIN buy 5 M 5 12 month 13.02.2013
Deutsche Bank BRETT MCKAY buy 5 M 6 12 month 12.02.2013
Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 6 Not Provided 12.02.2013
Commonwealth Bank ANDREW KNUCKEY overweight 5 M 6 12 month 12.02.2013
Morgan Stanley BRENDAN FITZPATRICK Equalwt/Attractive 3 M 5 12 month 24.01.2013
Bell Potter STEPHEN THOMAS accumulate 4 D 7 12 month 17.09.2012
Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 19.07.2012
Holdings By:
Alacer Gold Corp ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Energy World Corporation Ltd. generates electricity. The Company operates
gas-fired power plants in Sengkang, South Sulawesi, Indonesia, and Alice
Springs, Northern Territory, Australia. Energy World also produces natural gas
and liquefied natural gas in Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.03.2012) 0.86
52-Week Low (20.11.2012) 0.25
Daily Volume
0.34
52-Week High % Change -60.47% Dividend Yield 0.00
52-Week Low % Change 36.00% Beta 1.07
% 52 Week Price Range High/Low 18.85% Equity Float 724.72
Shares Out 30.06.2012 1'734.2 Short Int -
589.62 1 Yr Total Return -49.63%
Total Debt 274.91 YTD Return -6.85%
Preferred Stock 0.0 Adjusted BETA 1.073
Minority Interest 8.2 Analyst Recs 1
Cash and Equivalents 128.01 Consensus Rating 1.000
Enterprise Value 755.66
Average Volume 5 Day 1'895'531
EWC AT EQUITY YTD Change - Average Volume 30 Day 1'360'478
EWC AT EQUITY YTD % CHANGE - Average Volume 3 Month 1'243'218
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
76.3 95.1 93.5 110.3 145.6 - - - - - -
22.85x 10.37x 7.50x 9.20x 5.58x - - - - - -
34.4 41.3 41.4 52.3 58.7 - - - - - -
50.74x 23.88x 16.94x 19.41x 13.82x - - - - - -
20.7 (9.1) 20.1 27.1 20.4 - - - - - -
78.63x - 24.61x 30.78x 32.09x - - - - - -
EBITDA 58.73 Long-Term Rating Date -
EBIT 35.89 Long-Term Rating -
Operating Margin 24.65% Long-Term Outlook -
Pretax Margin 20.52% Short-Term Rating Date -
Return on Assets 2.38% Short-Term Rating -
Return on Common Equity 4.08%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 2.50
Gross Margin 51.6% Total Debt/EBITDA 4.68
EBITDA Margin 40.3%
EBIT Margin 24.7% Total Debt/Equity 49.7%
Net Income Margin 14.0% Total Debt/Capital 32.9%
Asset Turnover 0.17
Current Ratio 3.71 Net Fixed Asset Turnover 0.29
Quick Ratio 2.40 Accounts receivable turnover-days 44.98
Debt to Assets 29.24% Inventory Days 12.26
Tot Debt to Common Equity 49.71% Accounts Payable Turnover Day 166.21
Accounts Receivable Turnover 8.14 Cash Conversion Cycle -108.97
Inventory Turnover 29.85
Fiscal Year Ended
Energy World Corp LtdPrice/Volume
Valuation Analysis
717'848.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-----.....
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 9
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5&- 9
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./&- 9
.1&- 9
.3&- 9
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
.-&--
/-&--
0-&--
1-&--
2-&--
3-&--
-0&-4&/--6 -0&-.&/-.- -0&-4&/-.- -0&-.&/-.. -0&-4&/-.. -0&-.&/-./ -0&-4&/-./ -0&-.&/-.0
FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ENERGY WORLD INTERNA n/a Co File 639'740'924 36.89 - 14.09.2012 Corporation
RICHARD CHANDLER CAP n/a EXCH 369'090'589 21.28 23'992'320 14.11.2012 Corporation
CAPITAL GROUP COMPAN n/a ULT-AGG 87'558'955 5.05 - 31.12.2012 Investment Advisor
UBS n/a ULT-AGG 84'549'545 4.88 (19'550'201) 20.06.2011 Unclassified
MORGAN STANLEY n/a ULT-AGG 64'036'425 3.69 (43'766'200) 03.05.2011 Investment Advisor
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 20'000'000 1.15 - 30.11.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 9'011'374 0.52 13'950 31.12.2012 Investment Advisor
MELLON GLOBAL MANAGE Multiple Portfolios MF-AGG 9'000'000 0.52 - 31.12.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 5'009'599 0.29 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 4'676'133 0.27 (33'722) 30.09.2012 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 1'573'605 0.09 - 25.02.2013 Investment Advisor
MACQUARIE GROUP LTD n/a ULT-AGG 1'039'635 0.06 (48'362) 31.08.2011 Investment Advisor
STATE STREET n/a ULT-AGG 603'074 0.03 - 25.02.2013 Investment Advisor
BESSEMER GROUP INCOR Multiple Portfolios MF-AGG 329'666 0.02 - 31.10.2012 Investment Advisor
JORDAN IAN WILLIAM n/a Co File 319'700 0.02 - 14.09.2012 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 314'889 0.02 26'029 30.11.2012 Investment Advisor
O'NEILL MICHAEL PHIL n/a Co File 300'000 0.02 - 14.09.2012 n/a
WELLS FARGO n/a ULT-AGG 225'288 0.01 62 31.12.2012 Unclassified
CHARLES SCHWAB INVES Multiple Portfolios MF-AGG 197'800 0.01 - 26.02.2013 Investment Advisor
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 122'675 0.01 (10'420) 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions AUSTIN BURKETT sell 1 M #N/A N/A Not Provided 17.01.2013
Holdings By:
Energy World Corp Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Troy Resources Limited is a junior gold producer. The Company has operations at
Andorinhas in Para State, Brazil and Casposo in San Juan Province, Argentina.
Latest Fiscal Year: 06/2012
LTM as of: 03/yy
52-Week High (29.02.2012) 5.05
52-Week Low (20.02.2013) 2.53
Daily Volume
3.05
52-Week High % Change -39.60% Dividend Yield 3.28
52-Week Low % Change 20.55% Beta 0.79
% 52 Week Price Range High/Low 18.25% Equity Float 75.69
Shares Out 04.12.2012 91.3 Short Int -
278.52 1 Yr Total Return -36.02%
Total Debt 14.23 YTD Return -15.75%
Preferred Stock 0.0 Adjusted BETA 0.788
Minority Interest (0.3) Analyst Recs 6
Cash and Equivalents 58.92 Consensus Rating 4.000
Enterprise Value 233.57
Average Volume 5 Day 364'581
TRY AT EQUITY YTD Change - Average Volume 30 Day 315'679
TRY AT EQUITY YTD % CHANGE - Average Volume 3 Month 320'113
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 03/yy 03/yy 06/13 Y 06/14 Y 06/12 Q4 09/12 Q1
39.7 75.4 75.2 102.5 208.6 0.0 19.5 222.6 246.6 62.4 66.5
1.95x - 2.65x 3.00x 1.46x #DIV/0! 7.50x 1.01x 0.66x - 3.07x
(12.5) 9.9 2.0 36.8 89.6 0.0 (2.3) 112.1 135.3 - 39.7
- - 101.67x 8.33x 3.39x 0.00x 0.00x 2.08x 1.73x - 1.47x
(17.6) 16.7 (6.7) 14.6 31.4 0.0 (5.9) 54.1 67.0 19.8 19.2
- 6.03x - 20.84x 10.99x 0.00x 0.00x 5.26x 4.22x 3.47x 3.47x
EBITDA 89.64 Long-Term Rating Date -
EBIT 57.56 Long-Term Rating -
Operating Margin 27.60% Long-Term Outlook -
Pretax Margin 26.63% Short-Term Rating Date -
Return on Assets 18.16% Short-Term Rating -
Return on Common Equity 25.93%
Return on Capital 23.33% EBITDA/Interest Exp. 27.25
Asset Turnover 1.21% (EBITDA-Capex)/Interest Exp. 22.58
Net Debt/EBITDA -0.50
Gross Margin 36.5% Total Debt/EBITDA 0.16
EBITDA Margin 43.0%
EBIT Margin 27.6% Total Debt/Equity 10.7%
Net Income Margin 15.1% Total Debt/Capital 9.7%
Asset Turnover 1.21
Current Ratio 2.22 Net Fixed Asset Turnover 2.18
Quick Ratio 1.44 Accounts receivable turnover-days -
Debt to Assets 7.67% Inventory Days 43.04
Tot Debt to Common Equity 10.74% Accounts Payable Turnover Day 15.86
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover 8.50
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Troy Resources LtdPrice/Volume
Valuation Analysis
340'680.00
Current Price (2/dd/yy) Market Data
-
.
/
0
1
2
3
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&2 9
.&- 9
.&2 9
/&- 9
/&2 9
0&- 9
0.0
50.0
100.0
150.0
200.0
250.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
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/ ---&--
0 ---&--
1 ---&--
2 ---&--
3 ---&--
4 ---&--
5 ---&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WARRIGAL PTY LTD n/a EXCH 9'041'963 9.9 (14'053) 08.11.2012 Other
EL ORO LTD n/a EXCH 4'252'266 4.66 8'447 07.12.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 1'650'837 1.81 453'755 31.08.2011 Investment Advisor
JONES JOHN LOAD CECI n/a EXCH 1'239'061 1.36 - 08.11.2012 n/a
FMR LLC n/a ULT-AGG 1'188'401 1.3 (9'745) 31.12.2012 Investment Advisor
WELLS FARGO FUNDS MA Multiple Portfolios MF-AGG 1'170'833 1.28 - 31.12.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 778'922 0.85 15'380 31.12.2012 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 502'312 0.55 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 361'053 0.4 (2'547) 30.09.2012 Mutual Fund Manager
BENSON PAUL n/a EXCH 342'690 0.38 - 04.12.2012 n/a
NILSSON KEN KRISTER n/a EXCH 300'239 0.33 (55'000) 08.10.2012 n/a
PARISH CLEMENT ROBIN n/a EXCH 249'175 0.27 - 07.12.2012 n/a
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 234'383 0.26 - 30.06.2012 Mutual Fund Manager
GOLDMAN SACHS GROUP Multiple Portfolios MF-AGG 198'878 0.22 148'476 30.09.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 152'323 0.17 - 25.02.2013 Investment Advisor
THRIVENT FINANCIAL F Multiple Portfolios MF-AGG 107'854 0.12 107'854 31.10.2012 Investment Advisor
DIX DAVID RUSSELL n/a Co File 87'013 0.1 - 29.09.2011 n/a
PACIFIC LIFE INSURAN Multiple Portfolios MF-AGG 79'274 0.09 - 31.01.2013 Insurance Company
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 40'672 0.04 (1'051) 31.12.2012 Investment Advisor
GRIMWADE FREDERICK S n/a EXCH 40'000 0.04 20'000 30.11.2011 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Paterson Securities SIMON TONKIN hold 3 M 4 12 month 26.02.2013
Macquarie MITCH RYAN outperform 5 M 6 12 month 14.02.2013
Wilson HTM Investment Group CAMERON JUDD hold 3 M 3 Not Provided 31.01.2013
Argonaut Securities Pty Ltd PATRICK CHANG buy 5 M 5 12 month 30.01.2013
EVA Dimensions CRAIG STERLING buy 5 M #N/A N/A Not Provided 17.01.2013
Bell Potter STEPHEN THOMAS hold 3 M 5 12 month 16.01.2013
Holdings By:
Troy Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Gindalbie Metals Limited is a iron ore exploration and mining company. The
Company explores for iron ore in the Mid West Region of Western Australia and
its projects include the Karara Magnetite, Mungada Hematite and Lodestone
Project.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (29.02.2012) 0.71
52-Week Low (07.12.2012) 0.22
Daily Volume
0.25
52-Week High % Change -64.79% Dividend Yield 0.00
52-Week Low % Change 16.28% Beta 1.53
% 52 Week Price Range High/Low 6.06% Equity Float 921.95
Shares Out 07.12.2012 1'404.4 Short Int -
351.09 1 Yr Total Return -62.69%
Total Debt 0.00 YTD Return 0.00%
Preferred Stock 0.0 Adjusted BETA 1.528
Minority Interest 0.0 Analyst Recs 9
Cash and Equivalents 40.52 Consensus Rating 2.556
Enterprise Value 310.57
Average Volume 5 Day 8'649'155
GBG AT EQUITY YTD Change - Average Volume 30 Day 9'317'533
GBG AT EQUITY YTD % CHANGE - Average Volume 3 Month 11'269'020
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
0.0 0.0 0.0 0.0 0.0 - - 0.0 0.0 - -
- - - - - - - #DIV/0! #DIV/0! - -
(9.9) (11.8) (9.3) (8.5) (9.6) - - 12.6 58.1 - -
- - - - - - - 24.68x 5.35x - -
44.5 26.2 (2.5) 13.9 (27.2) - - 18.9 51.1 - -
16.20x 15.10x - 54.22x - - - 83.33x 7.58x - -
EBITDA -9.59 Long-Term Rating Date -
EBIT -10.00 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -4.25% Short-Term Rating -
Return on Common Equity -4.27%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 14.38 Net Fixed Asset Turnover 0.00
Quick Ratio 14.25 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 0.00 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Gindalbie Metals LtdPrice/Volume
Valuation Analysis
6'255'402.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
-
-
-
-
-
.
.
.
.
a!./ i!./ P!./ i!./ e!./ e!./ P!./ n!./ l!./ j!./ S!./ e!.0 a!.0&- 92&- 9.-&- 9.2&- 9/-&- 9/2&- 90-&- 902&- 91-&- 912&- 9
0.0
5.0
10.0
15.0
20.0
25.0
30.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-&--
2--&--
. ---&--
. 2--&--
/ ---&--
/ 2--&--
0 ---&--
0 2--&--
1 ---&--
1 2--&--
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FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis FReTn/CTrThoT/PolhirTlAlcST/ !Rna /eis
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
ANSHAN IRON & STEEL n/a EXCH 447'688'420 31.88 - 07.12.2012 Government
JP MORGAN n/a ULT-AGG 92'771'728 6.61 (4'800'153) 31.10.2012 Unclassified
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 23'738'500 1.69 - 30.06.2012 Mutual Fund Manager
JONES GEORGE FRANCIS n/a EXCH 19'500'000 1.39 500'000 10.12.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 11'690'987 0.83 (4'732'022) 31.12.2012 Investment Advisor
MELEWAR STEEL VENTUR n/a Co File 11'000'000 0.78 - 08.09.2010 Unclassified
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'997'303 0.28 (29'454) 30.09.2012 Mutual Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 2'721'919 0.19 - 31.07.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 2'313'800 0.16 - 25.02.2013 Investment Advisor
O'NEILL MICHAEL JOHN n/a EXCH 1'437'655 0.1 (200'000) 30.01.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 978'059 0.07 (114'320) 31.08.2011 Investment Advisor
DIXON GARRET JOHN n/a EXCH 710'000 0.05 - 05.05.2011 n/a
MURCIA DIDIER MARCEL n/a EXCH 668'000 0.05 - 31.01.2010 n/a
BIN ABDULLAH YAACOB n/a EXCH 600'000 0.04 - 03.11.2010 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 292'128 0.02 33'084 30.11.2012 Investment Advisor
MCBAIN PETER J n/a Co File 240'000 0.02 - 30.06.2010 n/a
MARSHALL ANDREW R n/a EXCH 200'000 0.01 100'000 12.12.2012 n/a
NETSCHER TIMOTHY CAR n/a EXCH 200'000 0.01 100'000 11.12.2012 n/a
WELLS FARGO n/a ULT-AGG 188'164 0.01 52 31.12.2012 Unclassified
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 143'403 0.01 5'137 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
RBC Capital Markets CHRIS DREW underperform 1 M 0 12 month 21.02.2013
Bell Potter STUART HOWE hold 3 M 0 12 month 14.02.2013
Credit Suisse MATTHEW HOPE neutral 3 M 0 Not Provided 06.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/In-Line 5 M 0 12 month 24.01.2013
JPMorgan MARK BUSUTTIL underweight 1 M 0 12 month 22.01.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Octa Phillip Securities Ltd ANDREW SHEARER buy 5 M 1 Not Provided 22.12.2011
Holdings By:
Gindalbie Metals Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Saracen Mineral Holdings Ltd. explores for and produces gold. The Company
produces gold from its Carosue Dam mine located notheast of Kalgoorlie, Western
Australia.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (27.02.2012) 0.75
52-Week Low (21.02.2013) 0.34
Daily Volume
0.37
52-Week High % Change -50.34% Dividend Yield 0.00
52-Week Low % Change 10.45% Beta 1.14
% 52 Week Price Range High/Low 7.32% Equity Float 502.89
Shares Out 06.02.2013 595.3 Short Int -
220.25 1 Yr Total Return -49.32%
Total Debt 3.06 YTD Return -2.63%
Preferred Stock 0.0 Adjusted BETA 1.145
Minority Interest 0.0 Analyst Recs 6
Cash and Equivalents 20.31 Consensus Rating 4.167
Enterprise Value 203.00
Average Volume 5 Day 2'334'589
SAR AT EQUITY YTD Change - Average Volume 30 Day 2'871'316
SAR AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'485'334
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
0.0 - 31.4 155.7 183.8 - - 221.0 256.7 - -
- - 5.26x 1.58x 1.70x - - 0.74x 0.41x - -
(1.9) (9.5) 14.7 59.5 63.1 - - 76.1 96.8 - -
- - 11.26x 4.15x 4.96x - - 2.67x 2.10x - -
(1.8) (10.0) (25.4) 47.7 18.7 - - 36.3 49.2 - -
- - - 5.49x 16.82x - - 5.78x 4.11x - -
EBITDA 63.08 Long-Term Rating Date -
EBIT 36.49 Long-Term Rating -
Operating Margin 19.86% Long-Term Outlook -
Pretax Margin 14.53% Short-Term Rating Date -
Return on Assets 9.13% Short-Term Rating -
Return on Common Equity 11.17%
Return on Capital 11.10% EBITDA/Interest Exp. 492.83
Asset Turnover 0.90% (EBITDA-Capex)/Interest Exp. -271.65
Net Debt/EBITDA -0.27
Gross Margin - Total Debt/EBITDA 0.05
EBITDA Margin 34.3%
EBIT Margin 19.9% Total Debt/Equity 1.5%
Net Income Margin 10.2% Total Debt/Capital 1.4%
Asset Turnover 0.90
Current Ratio 3.39 Net Fixed Asset Turnover 1.35
Quick Ratio 0.96 Accounts receivable turnover-days -
Debt to Assets 1.21% Inventory Days -
Tot Debt to Common Equity 1.47% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Saracen Mineral Holdings LtdPrice/Volume
Valuation Analysis
1'851'962.00
Current Price (2/dd/yy) Market Data
-
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0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VAN ECK ASSOCIATES C n/a EXCH 42'407'248 7.12 6'250'328 10.09.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 39'805'060 6.69 - 25.02.2013 Investment Advisor
RENAISSANCE SMALL CO n/a EXCH 30'365'634 5.1 - 16.01.2013 Other
VINVA INVESTMENT MGM n/a EXCH 29'918'028 5.03 - 20.12.2012 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 29'318'248 4.93 (1'361'474) 08.03.2012 Bank
SPROTT INC n/a EXCH 28'800'451 4.84 (841'000) 27.01.2012 Hedge Fund Manager
ARVE CHARLES n/a EXCH 28'685'450 4.82 (320'000) 19.07.2011 n/a
JCP INVESTMENT PARTN n/a EXCH 26'084'770 4.38 (5'314'150) 09.02.2012 Investment Advisor
BANK OF AMERICA CORP n/a EXCH 22'796'021 3.83 (2'168'808) 04.05.2011 Investment Advisor
STALTARI GUIDO n/a Co File 14'407'252 2.42 - 31.08.2012 n/a
CF RUFFER BAKER STEE n/a EXCH 14'000'000 2.35 (4'949'162) 26.05.2011 n/a
JP MORGAN n/a ULT-AGG 6'988'411 1.17 - 31.10.2012 Unclassified
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 5'886'468 0.99 - 30.06.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 5'726'257 0.96 (43'038) 31.12.2012 Investment Advisor
UOB ASSET MANAGEMENT Multiple Portfolios MF-AGG 5'000'000 0.84 - 30.06.2012 Mutual Fund Manager
GENUS DYNAMIC GOLD F n/a EXCH 4'100'000 0.69 (1'739'000) 26.05.2011 n/a
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 3'260'819 0.55 - 31.07.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 2'671'902 0.45 (20'201) 30.09.2012 Mutual Fund Manager
FMR LLC n/a ULT-AGG 2'032'488 0.34 - 31.12.2012 Investment Advisor
GAMCO n/a ULT-AGG 2'000'000 0.34 1'000'000 28.09.2012 Unclassified
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 21.02.2013
Canaccord Genuity Corp REG SPENCER buy 5 M 1 12 month 29.01.2013
RBS Morgans JAMES WILSON outperform 5 N 1 12 month 27.11.2012
Argonaut Securities Pty Ltd TROY IRVIN hold 3 D 1 12 month 10.10.2012
Evans & Partners Pty Ltd CATHY MOISES Positive 4 U #N/A N/A Not Provided 27.09.2012
Holdings By:
Saracen Mineral Holdings Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Bathurst Resources Ltd. is a mineral exploration company. The Company is focused
on developing high grade coal projects and has currently entered into an
agreement to acquire the Buller Coal project in New Zealand which hosts high
grade coaking and thermal coal. Bathurst Resources intends to be in production
by late 2011.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (06.03.2012) 0.87
52-Week Low (24.07.2012) 0.26
Daily Volume
0.33
52-Week High % Change -62.07% Dividend Yield 0.00
52-Week Low % Change 26.92% Beta 1.83
% 52 Week Price Range High/Low 14.75% Equity Float 684.24
Shares Out 31.10.2012 697.2 Short Int -
230.09 1 Yr Total Return -56.00%
Total Debt 2.01 YTD Return -9.59%
Preferred Stock 0.0 Adjusted BETA 1.825
Minority Interest 0.0 Analyst Recs 7
Cash and Equivalents 53.82 Consensus Rating 4.429
Enterprise Value 178.28
Average Volume 5 Day 4'811'478
BTU AT EQUITY YTD Change - Average Volume 30 Day 3'222'218
BTU AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'260'816
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- - - 4.0 16.5 - - 32.7 103.0 - -
- - - 148.33x 12.92x - - 7.51x 2.71x - -
(0.4) 2.8 (3.0) (19.9) (5.2) - - (4.4) 20.9 - -
- 4.28x - - - - - - 8.55x - -
(0.3) (11.3) (8.4) (13.5) (21.5) - - (9.7) 7.1 - -
- - - - - - - - 33.00x - -
EBITDA -5.17 Long-Term Rating Date -
EBIT -7.60 Long-Term Rating -
Operating Margin -46.19% Long-Term Outlook -
Pretax Margin -157.24% Short-Term Rating Date -
Return on Assets -5.52% Short-Term Rating -
Return on Common Equity -12.44%
Return on Capital - EBITDA/Interest Exp. -21.44
Asset Turnover 0.04% (EBITDA-Capex)/Interest Exp. -90.94
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA -0.39
EBITDA Margin -31.4%
EBIT Margin -46.2% Total Debt/Equity 1.2%
Net Income Margin -130.8% Total Debt/Capital 1.2%
Asset Turnover 0.04
Current Ratio 7.16 Net Fixed Asset Turnover 0.10
Quick Ratio 6.73 Accounts receivable turnover-days 35.53
Debt to Assets 0.51% Inventory Days -
Tot Debt to Common Equity 1.17% Accounts Payable Turnover Day -
Accounts Receivable Turnover 10.30 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Bathurst Resources LtdPrice/Volume
Valuation Analysis
773'974.00
Current Price (2/dd/yy) Market Data
-----.....
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2-&- 9
3-&- 9
4-&- 9
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
L1 CAPITAL PTY LTD n/a Co File 78'924'030 11.32 - 27.09.2012 Mutual Fund Manager
JP MORGAN n/a ULT-AGG 77'948'241 11.18 25'435'218 04.01.2013 Unclassified
COUPLAND CARDIFF ASS n/a EXCH 62'167'752 8.92 11'195'642 07.12.2012 Hedge Fund Manager
MATHEWS CAPITAL PART n/a EXCH 52'849'280 7.58 - 27.09.2012 Investment Advisor
BANK OF AMERICA CORP n/a EXCH 39'399'738 5.65 (12'074'658) 11.02.2013 Investment Advisor
UBS n/a ULT-AGG 38'282'288 5.49 5'838'782 11.12.2012 Unclassified
CREDIT SUISSE AG n/a EXCH 34'682'287 4.97 - 21.03.2012 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 14'183'859 2.03 - 30.06.2012 Mutual Fund Manager
MACQUARIE GROUP LTD n/a ULT-AGG 11'785'885 1.69 2'634'263 31.08.2011 Investment Advisor
BOHANNAN HAMISH JOHN n/a Co File 10'605'000 1.52 - 30.06.2012 n/a
VANGUARD GROUP INC Multiple Portfolios MF-AGG 6'356'330 0.91 - 31.12.2012 Investment Advisor
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 3'226'671 0.46 (21'780) 30.09.2012 Mutual Fund Manager
JF ASSET MANAGEMENT Multiple Portfolios MF-AGG 2'947'689 0.42 739'689 30.09.2011 Mutual Fund Manager
BLACKROCK n/a ULT-AGG 1'448'063 0.21 - 25.02.2013 Investment Advisor
TCW GROUP INC Multiple Portfolios MF-AGG 1'100'000 0.16 559'589 31.01.2013 Investment Advisor
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'096'806 0.16 - 31.07.2012 Investment Advisor
MANNERS TIMOTHY n/a Co File 600'000 0.09 - 30.06.2012 n/a
COOPER GERALD WILLIA n/a EXCH 597'000 0.09 - 12.02.2013 n/a
LORD ROBERT JOHN n/a Co File 530'938 0.08 - 30.06.2012 n/a
MUNRO CRAIG RENNIE n/a Co File 462'526 0.07 - 30.06.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse JAMES REDFERN outperform 5 M 1 Not Provided 08.02.2013
RBC Capital Markets CHRIS DREW outperform 5 M 1 12 month 31.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
Canaccord Genuity Corp ROD BUCKTON buy 5 M 1 Not Provided 12.06.2012
Helmsec Global Capital Limited BASIL BURMEISTER buy 5 M 1 Not Provided 30.05.2012
Lonsec Ltd PETER GREEN buy 5 M 1 Not Provided 17.05.2012
Holdings By:
Bathurst Resources Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Maverick Drilling & Exploration Ltd. is an oil and gas exploration and
production company. The Company has operations in the Blue Ridge Dome Oilfield
of Texas in the United States.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (20.04.2012) 1.49
52-Week Low (24.01.2013) 0.51
Daily Volume
0.57
52-Week High % Change -61.74% Dividend Yield 0.00
52-Week Low % Change 12.87% Beta 1.08
% 52 Week Price Range High/Low 5.58% Equity Float 248.57
Shares Out 04.09.2012 452.7 Short Int -
258.05 1 Yr Total Return -28.30%
Total Debt 9.37 YTD Return -20.83%
Preferred Stock 0.0 Adjusted BETA 1.083
Minority Interest 0.0 Analyst Recs 3
Cash and Equivalents 19.81 Consensus Rating 3.667
Enterprise Value 247.62
Average Volume 5 Day 1'202'894
MAD AT EQUITY YTD Change - Average Volume 30 Day 3'026'443
MAD AT EQUITY YTD % CHANGE - Average Volume 3 Month 3'132'239
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
- 5.8 5.6 11.0 22.0 - - 31.9 112.0 - -
- - - 7.97x 21.85x - - 7.15x 2.24x - -
- 1.3 1.3 5.0 9.9 - - 10.1 54.0 - -
- - - 17.40x 48.37x - - 24.52x 4.59x - -
- (2.1) (2.0) 2.2 6.6 - - 2.4 25.7 - -
- - - 33.57x 71.47x - - 95.00x 10.96x - -
EBITDA 9.92 Long-Term Rating Date -
EBIT 8.48 Long-Term Rating -
Operating Margin 38.62% Long-Term Outlook -
Pretax Margin 42.25% Short-Term Rating Date -
Return on Assets 10.55% Short-Term Rating -
Return on Common Equity 14.59%
Return on Capital 12.24% EBITDA/Interest Exp. 583.76
Asset Turnover 0.35% (EBITDA-Capex)/Interest Exp. -621.71
Net Debt/EBITDA -1.05
Gross Margin - Total Debt/EBITDA 0.94
EBITDA Margin 45.2%
EBIT Margin 38.6% Total Debt/Equity 16.2%
Net Income Margin 30.1% Total Debt/Capital 14.0%
Asset Turnover 0.35
Current Ratio 4.00 Net Fixed Asset Turnover 0.56
Quick Ratio 3.61 Accounts receivable turnover-days 32.89
Debt to Assets 12.13% Inventory Days -
Tot Debt to Common Equity 16.23% Accounts Payable Turnover Day -
Accounts Receivable Turnover 11.13 Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Maverick Drilling & Exploration LtdPrice/Volume
Valuation Analysis
1'720'644.00
Current Price (2/dd/yy) Market Data
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0.0
5.0
10.0
15.0
20.0
25.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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3-&--
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CREDIT SUISSE AG n/a EXCH 82'561'641 18.24 (12'125) 03.09.2012 Investment Advisor
MAVERICK DRILLING & n/a EXCH 82'244'697 18.17 - 31.01.2013 Corporation
HENRICH DON DURST n/a EXCH 52'087'685 11.51 100'000 04.02.2013 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 18'583'575 4.1 4'359'322 30.06.2011 Investment Advisor
CLARKE LEE ANTHONY n/a Co File 18'014'357 3.98 - 30.06.2012 n/a
SIMMONS BRADLEY JAY n/a EXCH 11'108'414 2.45 (1'250'000) 21.12.2012 n/a
AMANTERRA LTD n/a EXCH 11'108'414 2.45 (1'250'000) 21.12.2012 Other
CAMUGLIA JOSEPH CHAR n/a Co File 10'884'936 2.4 - 30.06.2012 n/a
JOSEPH CAMUGLIA n/a EXCH 7'884'936 1.74 - 16.04.2012 n/a
CLARKE ROGER BRIAN n/a EXCH 5'650'000 1.25 78'571 06.02.2013 n/a
SALT DOME PTY LTD n/a EXCH 2'000'000 0.44 - 16.04.2012 Other
VANGUARD INVESTMENTS Multiple Portfolios MF-AGG 1'624'836 0.36 1'616'681 30.09.2012 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 1'580'881 0.35 - 31.12.2012 Investment Advisor
KNORR D A n/a Co File 1'000'000 0.22 - 30.06.2012 n/a
KICH PTY LTD n/a EXCH 1'000'000 0.22 - 16.04.2012 Other
ROFF D n/a Co File 950'000 0.21 - 30.06.2012 n/a
FMR LLC n/a ULT-AGG 781'710 0.17 - 31.10.2012 Investment Advisor
BLACKROCK n/a ULT-AGG 293'386 0.06 - 25.02.2013 Investment Advisor
CRAWFORD ANDREW JAME n/a Co File 225'000 0.05 - 30.06.2012 n/a
ING INVESTMENT MANAG Multiple Portfolios MF-AGG 59'685 0.01 59'685 31.12.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Wilson HTM Investment Group JOHN YOUNG buy 5 M 2 Not Provided 26.02.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 17.01.2013
RBS Morgans KRISTA WALTER outperform 5 N 2 12 month 27.11.2012
Holdings By:
Maverick Drilling & Exploration Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Gryphon Minerals Ltd. explores for gold. The Company operates on the Banfora
Gold Project in Burkina Faso, Africa, and properties in Mauritania.
Latest Fiscal Year: 06/2012
LTM as of: 01/yy
52-Week High (28.02.2012) 1.24
52-Week Low (26.02.2013) 0.35
Daily Volume
0.36
52-Week High % Change -70.85% Dividend Yield 0.00
52-Week Low % Change 4.35% Beta 1.44
% 52 Week Price Range High/Low 0.00% Equity Float 390.22
Shares Out 26.11.2012 400.5 Short Int -
144.17 1 Yr Total Return -70.49%
Total Debt 0.00 YTD Return -30.10%
Preferred Stock 0.0 Adjusted BETA 1.439
Minority Interest 0.0 Analyst Recs 13
Cash and Equivalents 46.22 Consensus Rating 4.462
Enterprise Value 97.95
Average Volume 5 Day 1'994'042
GRY AT EQUITY YTD Change - Average Volume 30 Day 2'461'543
GRY AT EQUITY YTD % CHANGE - Average Volume 3 Month 2'258'382
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
30.06.2008 30.06.2009 30.06.2010 30.06.2011 30.06.2012 01/yy 01/yy 06/13 Y 06/14 Y - -
0.0 0.0 0.0 0.0 0.0 - - 0.0 1.3 - -
- - - - - - - #DIV/0! 201.47x - -
(3.3) (2.7) (3.9) (15.9) (8.0) - - (12.0) (9.7) - -
- - - - - - - - - - -
(3.1) (2.3) (3.2) (8.9) (5.9) - - (10.0) (11.0) - -
- - - - - - - - - - -
EBITDA -8.04 Long-Term Rating Date -
EBIT -8.20 Long-Term Rating -
Operating Margin - Long-Term Outlook -
Pretax Margin - Short-Term Rating Date -
Return on Assets -3.58% Short-Term Rating -
Return on Common Equity -3.78%
Return on Capital - EBITDA/Interest Exp. -
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA -
Gross Margin - Total Debt/EBITDA 0.00
EBITDA Margin -
EBIT Margin - Total Debt/Equity 0.0%
Net Income Margin - Total Debt/Capital 0.0%
Asset Turnover 0.00
Current Ratio 3.81 Net Fixed Asset Turnover 0.00
Quick Ratio 3.75 Accounts receivable turnover-days -
Debt to Assets 0.00% Inventory Days -
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day -
Accounts Receivable Turnover 0.00 Cash Conversion Cycle -
Inventory Turnover -
Fiscal Year Ended
Gryphon Minerals LtdPrice/Volume
Valuation Analysis
1'859'252.00
Current Price (2/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
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3&- 9
5&- 9
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0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-&--
-&/-
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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
27.02.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
VAN ECK ASSOCIATES C n/a EXCH 47'385'165 11.83 681'722 28.11.2012 Investment Advisor
VAN ECK ASSOCIATES C Multiple Portfolios MF-AGG 28'870'028 7.21 - 25.02.2013 Investment Advisor
COMMONWEALTH BANK OF n/a EXCH 19'591'128 4.89 - 20.11.2012 Bank
AMP LTD n/a EXCH 16'488'127 4.12 (985'067) 22.10.2012 Insurance Company
ROYAL BANK OF CANADA n/a ULT-AGG 14'803'493 3.7 (160'194) 05.04.2011 Bank
PARSONS STEPHEN n/a EXCH 6'990'601 1.75 - 18.12.2012 n/a
MACQUARIE GROUP LTD n/a ULT-AGG 6'168'574 1.54 935'592 31.08.2011 Investment Advisor
RUFFER LLP Multiple Portfolios MF-AGG 5'470'000 1.37 - 28.09.2012 Hedge Fund Manager
FMR LLC n/a ULT-AGG 5'085'010 1.27 180'000 31.12.2012 Investment Advisor
GCIC LTD/CANADA Multiple Portfolios MF-AGG 5'000'000 1.25 (1'109'985) 30.06.2012 Investment Advisor
LOMBARD ODIER DARIER Multiple Portfolios MF-AGG 4'496'398 1.12 156'000 31.12.2012 Mutual Fund Manager
WELLS FARGO FUNDS MA Multiple Portfolios MF-AGG 3'913'874 0.98 - 31.12.2012 Investment Advisor
SHARE SICAV Multiple Portfolios MF-AGG 3'845'666 0.96 (768'620) 30.03.2012 Investment Advisor
JP MORGAN n/a ULT-AGG 3'583'500 0.89 - 31.12.2012 Unclassified
VANGUARD GROUP INC Multiple Portfolios MF-AGG 3'135'801 0.78 - 31.12.2012 Investment Advisor
QUANTEX AG Multiple Portfolios MF-AGG 2'860'000 0.71 - 31.01.2013 Investment Advisor
GLOBAL X MANAGEMENT Multiple Portfolios MF-AGG 2'781'999 0.69 248'508 28.01.2013 Investment Advisor
JP MORGAN INVESTMENT Multiple Portfolios MF-AGG 2'610'000 0.65 - 30.06.2012 Mutual Fund Manager
TOCQUEVILLE ASSET MA TOCQUEVILLE ASSET MA 13F 2'016'000 0.5 2'016'000 30.09.2012 Hedge Fund Manager
DIMENSIONAL FUND ADV Multiple Portfolios MF-AGG 1'988'755 0.5 - 31.07.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Canaccord Genuity Corp REG SPENCER buy 5 M 1 12 month 13.02.2013
Argonaut Securities Pty Ltd TROY IRVIN speculative buy 4 M 1 12 month 11.02.2013
RBC Capital Markets GEOFF BREEN outperform 5 M 1 12 month 04.02.2013
Macquarie MITCH RYAN outperform 5 M 1 12 month 01.02.2013
Paradigm Capital Inc DON MACLEAN speculative buy 4 M 1 12 month 01.02.2013
Morgan Stanley BRENDAN FITZPATRICK Overwt/Attractive 5 M 1 12 month 31.01.2013
Credit Suisse MICHAEL SLIFIRSKI outperform 5 M 1 Not Provided 31.01.2013
Clarus Securities NANA SANGMUAH buy 5 M 1 12 month 31.01.2013
BMO Capital Markets ANDREW BREICHMANAS speculative outperform 4 M 1 Not Provided 30.01.2013
EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 17.01.2013
RBS Morgans JAMES WILSON outperform 5 N 2 12 month 27.11.2012
GMP LEVI SPRY buy 5 M 1 Not Provided 21.08.2012
Deutsche Bank CHRIS TERRY not rated #N/A N/A M #N/A N/A Not Provided 22.02.2012
DJ Carmichael Pty Ltd PAUL ADAMS speculative buy 4 M #N/A N/A Not Provided 24.08.2011
Holdings By:
Gryphon Minerals Ltd ee
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |