$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Growth Metrics | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Annualisation Factor | 1.0 | 1.0 | 1.0 | 1.0 |
Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% |
Continuing Operations | ||||
PE Ratio - Adjusted | 6.9 | 4.5 | 6.8 | 16.0 |
PE Ratio - Diluted | 6.9 5.8 |
3.3 2.9 |
15.2 7.2 |
43.7 14.7 |
PEG - Adjusted | n/a | 0.0 | 0.1 | n/a |
PEG - Diluted | n/a n/a |
0.0 0.0 |
0.2 0.2 |
n/a n/a |
Return on Capital Employed | 18.27% 18.72% |
21.24% 21.03% |
23.99% 27.14% |
5.48% 13.20% |
Operating Margin | 38.31% 39.44% |
47.49% 47.01% |
40.33% 45.63% |
11.28% 27.15% |
Continuing & Discontinued Operations | ||||
PE Ratio - Adjusted | 6.9 | 4.5 | 6.8 | 16.0 |
PE Ratio - Diluted | 6.9 5.8 |
3.3 2.9 |
15.2 7.2 |
43.7 14.7 |
PEG - Adjusted | n/a | 0.0 | 0.1 | n/a |
PEG - Diluted | n/a n/a |
0.0 0.0 |
0.2 0.2 |
n/a n/a |
$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Gearing | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Net Gearing | 25.96% | (6.94%) | n/a | n/a |
$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Value Metrics | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Price/Book Value | n/a | n/a | n/a | n/a |
Price/Tangible Book Value | n/a | n/a | n/a | n/a |
Price/ Cash Flow | n/a | n/a | n/a | n/a |
Price/Revenue | n/a | n/a | n/a | n/a |
Price/R&D | n/a | n/a | n/a | n/a |
Net Asset Value per Share (exc. Intangibles) | 160.12¢ | 138.84¢ | 100.05¢ | 111.46¢ |
Net Cash per Share | n/a | n/a | n/a | n/a |
$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Annualised Fundamentals | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Continuing Operations | ||||
Revenue | 955.24 | 889.51 | 935.97 | 583.47 |
EBITDA | 599.83 609.36 |
791.18 636.43 |
596.48 646.08 |
126.62 159.28 |
Depreciation | (233.83) (232.57) |
(368.73) (218.26) |
(219.02) (219.02) |
(60.84) (0.84) |
Net Interest | (35.07) (35.07) |
(19.05) (19.05) |
(14.64) (14.64) |
(10.01) (10.01) |
Profit Before Tax | 330.93 341.72 |
403.40 399.12 |
362.82 412.42 |
55.78 148.42 |
Revenue per Share | 122.75¢ | 113.44¢ | 116.75¢ | 84.95¢ |
Pre-Tax Profit per Share | 42.53¢ 43.91¢ |
51.45¢ 50.90¢ |
45.26¢ 51.44¢ |
8.12¢ 21.61¢ |
Market Capitalisation $ (Millions) | 889.94 | 796.01 | 631.32 | 948.82 |
Enterprise Value (EV) $ (Millions) | 1,339.78 | 734.28 | 628.81 | 948.82 |
EBITDA/EV | 44.77% 45.48% |
107.75% 86.67% |
94.86% 102.75% |
13.35% 16.79% |
Operating Margin | 38.31% 39.44% |
47.49% 47.01% |
40.33% 45.63% |
11.28% 27.15% |
Capital Employed $ (Millions) | 2,012.79 | 1,988.53 | 1,573.35 | 1,200.34 |
Return on Capital Employed | 18.27% 18.72% |
21.24% 21.03% |
23.99% 27.14% |
5.48% 13.20% |
Invested Equity Capital $ (Millions) | 2,554.13 | 2,159.05 | 1,705.46 | 1,317.70 |
Earnings per Share - Basic | 20.76¢ 25.23¢ |
39.30¢ 45.47¢ |
6.47¢ 13.79¢ |
3.40¢ 10.16¢ |
Earnings per Share - Diluted | 20.76¢ 24.66¢ |
38.62¢ 44.71¢ |
6.47¢ 13.74¢ |
3.40¢ 10.08¢ |
Earnings per Share - Adjusted | 20.93¢ | 28.16¢ | 14.44¢ | 9.30¢ |
Earnings per Share Growth - Basic | -47% -44% |
508% 230% |
90% 36% |
n/a n/a |
Earnings per Share Growth - Diluted | -46% -45% |
497% 225% |
90% 36% |
n/a n/a |
Earnings per Share Growth - Adjusted | -26% | 95% | 55% | n/a |
PE Ratio - Diluted | 6.9 5.8 |
3.3 2.9 |
15.2 7.2 |
43.7 14.7 |
PEG - Diluted | n/a n/a |
0.0 0.0 |
0.2 0.2 |
n/a n/a |
Tax Rate | 42.71% | 10.21% | 83.19% | 51.45% |
Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Interest Cover | 8.11 8.34 |
20.02 19.82 |
20.51 23.18 |
5.99 14.27 |
Continuing & Discontinued Operations | ||||
Earnings per Share - Basic | 20.76¢ 25.23¢ |
39.30¢ 45.47¢ |
6.47¢ 13.79¢ |
3.40¢ 10.16¢ |
Earnings per Share - Diluted | 20.76¢ 24.66¢ |
38.62¢ 44.71¢ |
6.47¢ 13.74¢ |
3.40¢ 10.08¢ |
Earnings per Share - Adjusted | 20.93¢ | 28.16¢ | 14.44¢ | 9.30¢ |
Earnings per Share Growth - Basic | -47% -44% |
508% 230% |
90% 36% |
n/a n/a |
Earnings per Share Growth - Diluted | -46% -45% |
497% 225% |
90% 36% |
n/a n/a |
Earnings per Share Growth - Adjusted | -26% | 95% | 55% | n/a |
PE Ratio - Diluted | 6.9 5.8 |
3.3 2.9 |
15.2 7.2 |
43.7 14.7 |
PEG - Diluted | n/a n/a |
0.0 0.0 |
0.2 0.2 |
n/a n/a |
Dividend Cover | n/a n/a |
n/a n/a |
n/a n/a |
n/a n/a |
Return on Equity (ROE) | 7.42% 7.69% |
16.78% 16.51% |
3.58% 6.48% |
2.05% 5.30% |
Operating Cash Flow per Share | 70.86¢ | 73.91¢ | 79.37¢ | 38.24¢ |
Gross Cash Flow per Share | cn/a | cn/a | cn/a | cn/a |
Cash Incr/Decr per Share | (7.12¢) | (32.18¢) | 41.99¢ | 5.05¢ |
Capital Expenditure per Share | n/a | n/a | n/a | n/a |
Dividend per Share | n/a | n/a | n/a | n/a |
Dividend per Share Growth | n/a | n/a | n/a | n/a |
Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% |
Shareholders Funds | 1,484.71 | 1,293.87 | 934.21 | 882.90 |
Net Borrowings $ (Millions) | 385.48 | (89.78) | (378.91) | (41.40) |
Net Asset Value per Share (inc. Intangibles) | 160.12¢ | 138.84¢ | 100.05¢ | 111.46¢ |
$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Gearing - inc Intangibles | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Shareholders' Funds inc Intangibles | 1,484.71 | 1,293.87 | 934.21 | 882.90 |
Net Borrowings $ (Millions) | 385.48 | (89.78) | (378.91) | (41.40) |
Net Gearing | 25.96% | (6.94%) | n/a | n/a |
Cash & Near Cash | 72.81 | 124.52 | 378.91 | 41.40 |
Cash | 4.90% | 9.62% | 40.56% | 4.69% |
Gross Borrowings | 458.29 | 34.74 | n/a | n/a |
Gross Gearing | 30.87% | 2.69% | n/a | n/a |
Borrowings Under 5 years | 458.29 | 34.74 | n/a | n/a |
Under 5 years | 30.87% | 2.69% | n/a | n/a |
Borrowings Under 1 year | n/a | n/a | n/a | n/a |
Under 1 year | n/a | n/a | n/a | n/a |
$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Gearing - exc Intangibles | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Shareholders' Funds exc Intangibles | 1,246.07 | 1,088.60 | 802.10 | 765.53 |
Net Borrowings $ (Millions) | 385.48 | (89.78) | (378.91) | (41.40) |
Net Gearing | 30.94% | (8.25%) | n/a | n/a |
Cash & Near Cash | 72.81 | 124.52 | 378.91 | 41.40 |
Cash | 5.84% | 11.44% | 47.24% | 5.41% |
Gross Borrowings | 458.29 | 34.74 | n/a | n/a |
Gross Gearing | 36.78% | 3.19% | n/a | n/a |
Borrowings Under 5 years | 458.29 | 34.74 | n/a | n/a |
Under 5 years | 36.78% | 3.19% | n/a | n/a |
Borrowings Under 1 year | n/a | n/a | n/a | n/a |
Under 1 year | n/a | n/a | n/a | n/a |
$ (Millions) | $ (Millions) | $ (Millions) | $ (Millions) | |
Cover | 31-Dec-13 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 |
Quick Ratio | 0.66 | 1.32 | 2.10 | 1.21 |
Current Ratio | 0.74 | 1.36 | 2.15 | 1.30 |
* GAAP
a. Includes discontinued activities
b. Based on operating cash flow before tax
c. Not disclosed under IFRS
d. Includes non-current assets
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