nyse ratio anlaysis
DESCRIPTION
RatiosTRANSCRIPT
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Proft Before Tax 1Profit After Tax 2Total Assets 3Net NPA (%) 4
5EPS 6Return on AssetsReturn on Net WorthOverheads/ Net Income from operations (%)Overheads/Average Net Assets
7
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RevenuesNet ProfitDividend Payout RatioMarket CapitalisationNumber of EmployeesPrice Earning Ratio
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Pre-merger
Liquidity Analysis Ratio 2 ratios
1. Current Ratio = Current AssetsCurrent Liabilities(in millions)
Year 1 2003
= 1294 = 513
Year 2 2004= 1265 = 486
Year 3 2005
= 1464 = 685
2. Net Working Capital Ratio = Net Working CapitalTotal Assets
*Net Working Capital = Current Assets - Current Liabilities
Year 1 2003= 781 = 2009
Year 2 2004
= 778 = 1982
Year 3 2005
= 779 = 2204
-
Post-Merger
(in millions)Year 1 2007
2.52 = 22783462
Year 2 2008 2.60 = 20262582
Year 3 2009
2.14 = 15202149
Year 1 2007 0.39 = -118416618
Year 2 2008
0.39 = -55613948
Year 3 2009
0.35 = -62914382
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= 0.66
= 0.78
= 0.71
= - 0.07
= - 0.04
= - 0.04
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Charts1. Profitability Ratios
2003 2004 2005 2007 2008ROA 0.03019 0.015138 0.019494 0.064037 -0.048289ROCE 0.200331 0.079058 0.092517 0.116359 -0.092597Profit Margin 0.040906 0.021525 0.025046 0.163281 -0.156954EPS 1.671271 0.74938 0.871795 2.71308 -2.784906
2. Activity2003 2004 2005 2007 2008
Assets Turnover 0.738523 0.703258 0.778786 0.392192 0.307662
2003 2004 2005 2007 2008 2009
-0.06
-0.04
-0.02
0
0.02
0.04
0.06
0.08
ROA
2003 2004 2005 2007 2008 2009
-0.2
-0.15
-0.1
-0.05
0
0.05
0.1
0.15
0.2
Profit Margin
2003 2004 2005 2007 2008 20090
0.10.20.30.40.50.60.70.80.9
Assets Turnover
-
3. Capital Structure Analysis2003 2004 2005 2007 2008
Debt to Equity 4.122112 2.563991 3.246445 0.752131 1.124771
4. Liquidity Ratios2003 2004 2005 2007 2008
Current Ratio 2.522417 2.602881 2.137226 0.658001 0.784663Net WC Ratio 0.388751 0.392533 0.353448 -0.071248 -0.039862
2003 2004 2005 2007 2008 20090
0.10.20.30.40.50.60.70.80.9
Assets Turnover
2003 2004 2005 2007 2008 20090
0.51
1.52
2.53
3.54
4.5
Debt to Equity
2003 2004 2005 2007 2008 20090
0.5
1
1.5
2
2.5
3
Current Ratio
-
2003 2004 2005 2007 2008 20090
0.5
1
1.5
2
2.5
3
Current Ratio
-
20090.0154610.0326230.0467550.842308
20090.330674
2003 2004 2005 2007 2008 2009
-0.06
-0.04
-0.02
0
0.02
0.04
0.06
0.08
ROA
2003 2004 2005 2007 2008 2009
-0.15
-0.1
-0.05
0
0.05
0.1
0.15
0.2
0.25
ROCE
2003 2004 2005 2007 2008 2009
-0.2
-0.15
-0.1
-0.05
0
0.05
0.1
0.15
0.2
Profit Margin
2003 2004 2005 2007 2008 2009
-4
-3
-2
-1
0
1
2
3
4
EPS
2003 2004 2005 2007 2008 20090
0.10.20.30.40.50.60.70.80.9
Assets Turnover
-
20091.083831
20090.707306
-0.043735
2003 2004 2005 2007 2008 20090
0.10.20.30.40.50.60.70.80.9
Assets Turnover
2003 2004 2005 2007 2008 20090
0.51
1.52
2.53
3.54
4.5
Debt to Equity
2003 2004 2005 2007 2008 20090
0.5
1
1.5
2
2.5
3
Current Ratio
2003 2004 2005 2007 2008 2009
-0.1
0
0.1
0.2
0.3
0.4
0.5
Net WC Ratio
-
2003 2004 2005 2007 2008 20090
0.5
1
1.5
2
2.5
3
Current Ratio
2003 2004 2005 2007 2008 2009
-0.1
0
0.1
0.2
0.3
0.4
0.5
Net WC Ratio
-
2003 2004 2005 2007 2008 2009
-0.15
-0.1
-0.05
0
0.05
0.1
0.15
0.2
0.25
ROCE
2003 2004 2005 2007 2008 2009
-4
-3
-2
-1
0
1
2
3
4
EPS
-
2003 2004 2005 2007 2008 2009
-0.1
0
0.1
0.2
0.3
0.4
0.5
Net WC Ratio
-
2003 2004 2005 2007 2008 2009
-0.1
0
0.1
0.2
0.3
0.4
0.5
Net WC Ratio
-
Income2003 2004 2005 2007
Income 1479.6 1403.5 1629.8 3646Operating Expenses 985.3 1034.9 996 1552Compensation 520.5 522.6 509.8 612Selling, general & administrative 76.5 84.3 69.7 257
2003 2004 2005 2007 2008 20090
500100015002000250030003500400045005000
Income
2003 2004 2005 2007 2008 20090
100
200
300
400
500
600
700
Compensation
-
2008 20094518 44603469 2192
664 649305 313
2003 2004 2005 2007 2008 20090
500100015002000250030003500400045005000
Income
2003 2004 2005 2007 2008 20090
500
1000
1500
2000
2500
3000
3500
4000
Operating Expenses
2003 2004 2005 2007 2008 20090
100
200
300
400
500
600
700
Compensation
2003 2004 2005 2007 2008 20090
50
100
150
200
250
300
350
Selling, general & administrative
-
2003 2004 2005 2007 2008 20090
500
1000
1500
2000
2500
3000
3500
4000
Operating Expenses
2003 2004 2005 2007 2008 20090
50
100
150
200
250
300
350
Selling, general & administrative
-
PRE-MERGER
Capital Market Analysis Ratios 4 ratios1. Price Earnings Ratio = Market Price of Common Stock Per ShareEPS
Year 1 2003
= =
Year 2 2004= =
Year 3 2005
= =
2. Market to Book Ratio = Market Price of Common Stock Per Share Book Value of Equity Per Common Share
*Book Value of Equity Per Common Share = Book Value of Equity for Common Stock / Number of Common Shares
Year 1 2003= =
Year 2 2004
= =
Year 3 2005
= =
3. Dividend Yield = Annual Dividends Per Common Share Market Price of Common Stock Per Share
*Book Value of Equity Per Common Share = Book Value of Equity for Common Stock / Number of Common Shares
Year 1 2003
= =
-
= =
Year 2 2004
= =
Year 3 2005
= =
4. Dividend Payout Ratio = Cash DividendsNet Income
Year 1 2003
= =
Year 2 2004
= =
Year 3 2005= =
-
POST MERGER
Market Price of Common Stock Per Share (MP not avilable)EPS
Year 1 2007
#DIV/0! = =
Year 2 2008#DIV/0! = =
Year 3 2009
#DIV/0! = =
Market Price of Common Stock Per Share (MP not avilable) Book Value of Equity Per Common Share
*Book Value of Equity Per Common Share = Book Value of Equity for Common Stock / Number of Common Shares
Year 1 2007#DIV/0! = =
Year 2 2008
#DIV/0! = =
Year 3 2009
#DIV/0! = =
Annual Dividends Per Common Share (annual diviend not available) Market Price of Common Stock Per Share
*Book Value of Equity Per Common Share = Book Value of Equity for Common Stock / Number of Common Shares
Year 1 2007
#DIV/0! = =
-
#DIV/0! = =
Year 2 2008
#DIV/0! = =
Year 3 2009
#DIV/0! = =
(cash dividends not available)
Year 1 2007
#DIV/0! = =
Year 2 2008
#DIV/0! = =
Year 3 2009#DIV/0! = =
-
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
(annual diviend not available)
#DIV/0!
-
#DIV/0!
#DIV/0!
#DIV/0!
(cash dividends not available)
#DIV/0!
#DIV/0!
#DIV/0!
-
PRE MERGER
Capital Structure Analysis Ratios
1. Debt to Equity Ratio = Total LiabilitiesTotal Stockholder's Equity(in millions)
Year 1 2003= 1249303
Year 2 2004
= 1182461
Year 3 2005
= 1370422
2. Interest Coverage Ratio = Income Before Interest and Income Tax Expenses Interest Expense
*Income Before Interest and Income Tax Expenses = Income Before Income Taxes + Interest Expense
Year 1 2003=
Year 2 2004=
Year 3 2005
=
-
POST MERGER
2 ratios
(in millions)Year 1 2007
= 4.12 = 70589384
Year 2 2008
= 2.56 = 73746556
Year 3 2009
= 3.25 = 74476871
Income Before Interest and Income Tax Expenses (NO INTEREST EXPENSE) Interest Expense
*Income Before Interest and Income Tax Expenses = Income Before Income Taxes + Interest Expense
Year 1 2007= #DIV/0! =
Year 2 2008= #DIV/0! =
Year 3 2009
= #DIV/0! =
-
= 0.75
= 1.12
= 1.08
= #DIV/0!
= #DIV/0!
= #DIV/0!
-
PRE MERGER
Activity Analysis Ratios1. Assets Turnover Ratio = SalesAverage Total Assets
*Average Total Assets = (Total Assets in the beginning + Total Assets in the end)/2
Year 1 2003= 14802004
Year 2 2004
= 14031995
Year 3 2005
= 16302093
2. Accounts Receivable Turnover Ratio =
*Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
Year 1 2003=
Year 2 2004=
Year 3 2005
=
-
POST MERGER
2 ratios
*Average Total Assets = (Total Assets in the beginning + Total Assets in the end)/2
Year 1= 0.74 =
Year 2
= 0.70 =
Year 3
= 0.78 =
Sales (NO ACCOUNTS RECEIVABLE)Average Accounts Receivable
*Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
Year 1= #DIV/0! =
Year 2= #DIV/0! =
Year 3
= #DIV/0! =
-
POST MERGER
20073938 = 0.39 10041
20084702 = 0.31 15283
20094684 = 0.33 14165
(NO ACCOUNTS RECEIVABLE)
2007= #DIV/0!
2008= #DIV/0!
2009
= #DIV/0!
-
PRE MERGER
Profitability Analysis Ratios 4 ratios1. Return on Assets (ROA) = Net IncomeAverage Total Assets
*Average Total Assets = (Total Assets in the beginning + Total Assets in the end)/2
Year 1 2003= 60.52004
Year 2 2004
= 30.21995
Year 3 2005
= 40.82093
2. Return on Equity (ROCE) = Net IncomeAverage Common Stockholders' Equity
*Average Common Stockholders' Equity = (Common Stockholders' Equity in the beginning + Common Stockholders' Equity at the end) /2
Year 1 2003= 60.5302
Year 2 2004= 30.2382
Year 3 2005
= 40.8441
3. Profit Margin = Net IncomeSales
Year 1 2003= 60.51479
-
Year 2 2004
= 30.21403
Year 3 2005= 40.81629
4. Earnings Per Share (EPS) = Net IncomeNumber of Equity Shares Outstanding
Year 1 2003
= 60.536.2
Year 2 2004= 30.240.3
Year 3 2005= 40.846.8
-
POST MERGER
*Average Total Assets = (Total Assets in the beginning + Total Assets in the end)/2
Year 1= 0.03 =
Year 2
= 0.02 =
Year 3
= 0.02 =
Net IncomeAverage Common Stockholders' Equity
*Average Common Stockholders' Equity = (Common Stockholders' Equity in the beginning + Common Stockholders' Equity at the end) /2
Year 1= 0.20 =
Year 2= 0.08 =
Year 3
= 0.09 =
Year 1= 0.04 =
-
Year 2
= 0.02 =
Year 3= 0.03 =
Net IncomeNumber of Equity Shares Outstanding
Year 1
= 1.67 =
Year 2= 0.75 =
Year 3= 0.87 =
-
POST MERGER
(in millions)2007
643 = 0.06 10041
2008-738 = - 0.05 15283
2009219 = 0.02 14165
*Average Common Stockholders' Equity = (Common Stockholders' Equity in the beginning + Common Stockholders' Equity at the end) /2
2007643 = 0.12 5526
2008-738 = - 0.09 7970
2009219 = 0.03 6713
2007643 = 0.16 3938
-
2008-738 = - 0.16 4702
2009219 = 0.05 4684
2007643 = 2.71 237
2008-738 = - 2.78 265
2009219 = 0.84 260
Sheet1Liquidity RatiosChartsOther chartsCapital Market AnalysisCapital Structure AnalysisActivity Analysis RatiosProfitability Ratios