Introduction Tomkins Plc is a global development and industrial group with the market and technical leadership across

its three firms; Industrial and Automobile, The company carries activities of Pneumatic systems both Projected and Products Database Hemscott (2006). Building Tomkins carries out the concentrated strategy of growth, planning three key areas of growth: Transfer of energy; Aftermarket; and Building products. The group is geographically various, working in 132 capacities and nine research means of service, in 21 various country across Northern America, the Europe, Asia and other part of the world (75.7 percent of the income to Northern America, 13.5 percent to the Europe, 6.9 percent to Asia and 3.9 percent to other part of the world). Tomkins plc East Putney House 84 Upper Richmond Road London, SW15 2ST United Kingdom - Map Phone: 44 20 8871 4544 Fax: 44 20 8877 5053 Web Site: http://www.tomkins.co.uk The analysis of data about efficiency Tomkins warehouse Plc is in the market of productivity for last ten years 10 was rather modest. Its share prices were much lower results FTSE all a share index. Therefore shareholders returns there were rather modest, only 25 % for 10 years. Nevertheless, in comparison with an index of the organization of industrial production shows that the companies, suffered from adverse development in this sector. As the index, most likely, in common a step which means follows from the

diagram 1, Tomkins Plc and for the organization of industrial production, that as the global company generates it strongly depends on events in this sector. Thus, estimation of cost of the company from the point of view of the shareholder should be based on events in branch and relative appeal of industrial sector.

Source: Hemscott Database The analysis of financial parities. The analysis dividends shows policies of the company, that Tomkins the dividends connected from incomes of the company. During the periods of expansion of dividends, as a rule, it is a little above. When the profit of the company, and the price for actions have fallen in 2001 dividends does not represent special importance, nevertheless the company has paid dividends from modest and the next years. Therefore in the future investors can expect stable dividends policy; high dividends, possibly, only in case of exclusive growth of incomes. Considering Tomkins strategy of growth, incomes can be used for purchase or development of new products and the equipment.

Besides the parity of payments makes about 60 % that means, that the company cannot increase dividends considerably. Considering a present price level on 324 pence of 15 pence of the dividend on one action of a guarantee almost 5 % of the income for shareholders that is important for risk adverse investors. One of factors, that to investors it is necessary to estimate closely it Tomkins influences of cyclic changes in branch, in case of adverse development of the company it is possible to receive profit are destroyed. Chart 2

The diagram 3 gives the review historical P / E and ROA values, as rather stable with exception of the short period between 2000 and 2002. Current value P / E and ROA attitudes as it is represented, the banner from a historical average level, therefore the company hardly is tested with high fluctuations of the prices for actions in short-term prospect. This application is based on following logic: Tomkins has very limited opportunities for increase in the ROA above a historical value. Thus the profit comes back also will be rather stable in short-term prospect. Historically important Tomkins investors on P / E a parity 15, which the factor of current liquidity of the company, therefore increase in a share the price / decrease is

will be based on change of moods of investors. Considering, that in industrial sector essentially to not reach exclusive rates of growth high growth of cost of actions is not probable. At the same time productivity Tomkins was stable enough for the last few years, hence, There are no bases to expect any especially adverse development the nearest years.

Chart 3

Chart 4

The diagram 4 confirms a number of positive tendencies Commercial, General Economic and administrative charges which were constant reduction, including, that the company grows within last 10 years. This parity confirms ability to operate in a batch production without increase in working costs. Besides the cost price of realized production tends to decrease, it means, that the company has more opportunities to increase the margin, at last, there is an obvious jump in researches and development charges, certainly, decrease in profitability in short-term prospect, but confirms ability of the company to invest in development at preservation of profitability.

Conclusion As follows from resulted above the analysis, at that time Tomkins controllers of management was good, the companies could not create cost for the shareholders mainly because of adverse economic tendencies in this sector. Nevertheless, the company can be interesting investment risks adverse investors, which are ready to have defensive actions with influence of global business cycles in their portfolio of company management, similar, precise strategy of expansion and the skills necessary for its realization.

REFERENCES Morgan Stanly Equity Research (2006) Tomkins Plc Hemscott Database http://www.hemscottinvest.com (Accessed 14/04/2010) Society Generale Equity Research (2008) Tomkins Plc Tomkins PLC annual report (2009) http://www.tomkins.co.uk (Accessed 14/04/2010)

Thomson Financial Database http://www.thomson.com/financial/investmgr/fi_investmgr_hedgefunds.jsp (Accessed 14/04/2010)