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(IBM)
September 6, 2012
Figures in Millions except per share values
Company Overview
International Business Machines Corporation provides information technology (IT)
products and services worldwide. The company operates in five segments: Global
Technology Services, Global Business Services, Software, Systems and Technology,
and Global Financing. The Global Technology Services segment provides IT
infrastructure and business process services, including strategic outsourcing,
process, integrated technology, and maintenance services, as well as technology- and
process-based services. The Global Business Services segment offers consulting and
systems integration, and application management services. The Software segment
offers middleware and operating systems software, such as WebSphere software to
integrate and manage business processes; information management software for
database and enterprise content management, information integration, data
warehousing, performance management business analytics, intelligence, and data
analytics; Tivoli software for identity management, data security, storage
management, cloud computing, enterprise mobility, and automation and provisioning
Low Risk
5
4
3
Strong Moat
1
0
Good Financials
Under Valued
Well Managed
Valuation
Current Price
NCAV
Total Net Reprod. Cost
Earnings Power Value (EPV)
Discounted Cash Flow (DCF)
Ben Graham Formula
$
$
$
$
$
$
199.10
(40.22)
67.12
108.79
205.28
245.19
Key Statistics
Mkt Cap ($M)
52 Wk High
52 Wk Low
% off 52Wk Low
Margin of Safety
$200.00
$150.00
Company Stats
$
$
$
227,527.50
210.69
158.76
25.4%
Shares Outstanding
Shares Float
Insider Ownership
Insider Transactions
Institutional Ownership
1142.8
1141.8
0.06%
-6.8%
59.8%
Float Short
1.3%
Short Ratio
4.0
Piotroski (TTM)
Altman (MRQ)
8
3.3
Beneish (TTM)
-3.0
10.7%
6.8%
Effectiveness
Avg
FCF/S
Avg
ROA
Avg
ROE
Avg
24.3%
14.1%
11.8%
0.6
20.2
92.4
$50.00
$0.00
12/27/2005
12/27/2007
12/27/2009
Historical Price
Fundamental Ratios
Intrinsic Value
2010
12/27/2011
Buy Price
2011
TTM
12.47
11.69
13.81
13.05
14.51
13.81
P/S
P/BV
P/Tang BV
P/CF
P/FCF
ROE
ROA
1.85
8.03
9.46
8.87
12.50
64.4%
13.1%
2.05
10.87
13.07
9.74
14.42
78.7%
13.6%
2.18
11.30
13.76
10.01
15.03
79.5%
14.3%
ROIC
18.7%
20.6%
20.6%
Quick Ratio(MRQ)
Current Ratio(MRQ)
LTD/Eq(MRQ)
Tot D/Eq(MRQ)
CROIC
Current Ratio
Total Debt/Equity Ratio
Inventory Turnover
20.3%
1.19
3.92
21.79
20.4%
1.21
4.78
22.50
20.5%
1.22
4.56
20.23
Gross
Gross Margin
Operating
Operating Margin
Net Profit
Net Margin
47.4%
20.1%
15.3%
61.8%
Efficiency
$100.00
P/E
P/E (cash adjusted)
CROIC
$250.00
Cash Flows
5 yr FCF Growth
10 yr FCF Growth
High Growth
1.2
1.2
1.2
1.6
Help
Refresh
Enter Ticker
Income Statement
2003
Revenue
81,186.0
50,902.0
62.7%
30,284.0
37.3%
18,738.0
23.1%
4,750.0
5.9%
0.0%
4,379.0
5.4%
2004
Cost of Revenues
COGS (%)
Gross Profit
Gross Income (%)
CLEAR
9/6/2012
2005
89,131.0
9.8%
56,113.0
63.0%
33,018.0
37.0%
17,852.0
20.0%
5,077.0
5.7%
0.0%
4,701.0
5.3%
$
$
2006
96,293.0
8.0%
60,261.0
62.6%
36,032.0
37.4%
19,384.0
20.1%
5,673.0
5.9%
0.0%
4,915.0
5.1%
$
$
2007
91,134.0
-5.4%
54,602.0
59.9%
36,532.0
40.1%
21,314.0
23.4%
5,842.0
6.4%
0.0%
5,188.0
5.7%
$
$
2008
91,424.0
0.3%
53,129.0
58.1%
38,295.0
41.9%
20,259.0
22.2%
6,107.0
6.7%
0.0%
4,983.0
5.5%
$
$
2009
98,786.0
8.1%
57,057.0
57.8%
41,729.0
42.2%
22,060.0
22.3%
6,153.0
6.2%
0.0%
5,201.0
5.3%
$
$
2010
103,630.0
4.9%
57,969.0
55.9%
45,661.0
44.1%
23,386.0
22.6%
6,337.0
6.1%
0.0%
5,450.0
5.3%
$
$
2011
95,758.0
-7.6%
51,973.0
54.3%
43,785.0
45.7%
20,952.0
21.9%
5,820.0
6.1%
0.0%
4,994.0
5.2%
$
$
Q2
99,871.0
4.3%
53,857.0
53.9%
46,014.0
46.1%
21,837.0
21.9%
6,026.0
6.0%
0.0%
4,831.0
4.8%
$
$
Q3
3
$
26,666.0
14,282.0
53.6%
12,384.0
46.4%
23,594.0
22.1%
6,258.0
5.9%
0.0%
4,815.0
4.5%
6,030.0
22.6%
1,569.0
5.9%
0.0%
1,207.0
4.5%
Q4
106,916.0
7.1%
56,778.0
53.1%
50,138.0
46.9%
Q1
26,157.0
-1.9%
13,984.0
53.5%
12,173.0
46.5%
5,662.0
21.6%
1,546.0
5.9%
0.0%
1,192.0
4.6%
$
$
Q2
29,486.0
12.7%
14,764.0
50.1%
14,722.0
49.9%
6,076.0
20.6%
1,555.0
5.3%
0.0%
1,188.0
4.0%
$
$
1000000
TTM
24,673.0
-16.3%
13,555.0
54.9%
11,118.0
45.1%
5,886.0
23.9%
1,601.0
6.5%
0.0%
1,157.0
4.7%
$
$
25,783.0
4.5%
13,502.0
52.4%
12,281.0
47.6%
5,837.0
22.6%
1,587.0
6.2%
0.0%
1,176.0
4.6%
$
$
106,099.0
-0.8%
55,805.0
52.6%
50,294.0
47.4%
Operating Expenses
Selling, General & Admin. Expenses
SG&A (%)
Research & Development
R&D (%)
EBITDA
EBITDA (%)
Other Special Charges
Depreciation & Amortization
D&A (%)
$
$
$
$
$
Operating Income
Operating Income (%)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
23,461.0
22.1%
6,289.0
5.9%
0.0%
4,713.0
4.4%
$
$
$
$
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
15,938.0
15.4%
17,013.0
17.8%
18,151.0
18.2%
20,286.0
19.0%
5,081.0
19.1%
5,263.0
20.1%
6,236.0
21.1%
3,631.0
14.7%
5,146.0
20.0%
20,276.0
19.1%
Interest Expense
Interest Income
Other Income
Total Other Income
$
$
$
$
145.0
873.0
873.0
$
$
$
$
145.0
930.0
930.0
$
$
$
$
139.0
180.0
1,012.0
1,192.0
$
$
$
$
220.0
3,070.0
3,070.0
$
$
$
$
278.0
536.0
1,123.0
1,659.0
$
$
$
$
611.0
565.0
1,019.0
1,584.0
$
$
$
$
673.0
4,032.0
4,032.0
$
$
$
$
402.0
1,527.0
1,527.0
$
$
$
$
368.0
1,940.0
1,940.0
$
$
$
$
411.0
1,128.0
1,128.0
$
$
$
$
97.0
197.0
197.0
$
$
$
$
107.0
169.0
169.0
$
$
$
$
113.0
296.0
296.0
$
$
$
$
110.0
314.0
314.0
$
$
$
$
117.0
421.0
421.0
$
$
$
$
447.0
1,200.0
1,200.0
$
$
$
$
1,053.0
3,580.0
340.0%
(2,527.0)
-
$
$
2,850.0
4,232.0
148.5%
(1,382.0)
-
$
$
1,381.0
3,901.0
282.5%
(2,520.0)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
728.0
2,190.0
300.8%
(1,462.0)
-
$
$
5,334.0 $
(1,755.0) $
3,579.0
4.4%
$
$
$
$
$
$
973.0
4,071.0
418.4%
(3,098.0)
-
$
$
19,297.0
4,381.0
22.7%
14,916.0
-
$
$
18,138.0
4,713.0
26.0%
13,425.0
-
$
$
19,723.0
4,890.0
24.8%
14,833.0
-
$
$
21,003.0
5,148.0
24.5%
15,855.0
-
$
$
5,181.0
1,221.0
23.6%
3,960.0
-
$
$
5,325.0
1,188.0
22.3%
4,137.0
-
$
$
6,419.0
1,784.0
27.8%
4,635.0
-
$
$
3,835.0
769.0
20.1%
3,066.0
-
$
$
5,450.0
1,280.0
23.5%
4,170.0
-
$
$
21,029.0
5,021.0
23.9%
16,008.0
-
7,613.0 $
(30.0) $
8,448.0 $
(18.0) $
7,994.0 $
(24.0) $
9,416.0
76.0
$
$
10,418.0
-
$
$
12,334.0
-
$
$
13,425.0
-
$
$
14,833.0
-
$
$
15,855.0
-
$
$
3,664.0
-
$
$
3,839.0
-
$
$
5,490.0
-
$
$
3,066.0
-
$
$
3,881.0
-
$
$
16,276.0
-
7,583.0
8.5%
8,430.0
8.8%
7,934.0
8.7%
9,492.0
10.4%
10,418.0
10.5%
12,334.0
11.9%
13,425.0
14.0%
14,833.0
14.9%
15,855.0
14.8%
3,664.0
13.7%
3,839.0
14.7%
5,490.0
18.6%
3,066.0
12.4%
3,881.0
15.1%
16,276.0
15.3%
2.10
2.06
1,703.2
1,730.9
$
$
4.40
4.32
1,721.6
1,756.1
$
$
5.03
4.93
1,675.0
1,708.9
$
$
4.95
4.88
1,600.6
1,627.6
$
$
6.20
6.11
1,530.8
1,553.5
$
$
7.32
7.18
1,450.6
1,423.0
$
$
9.07
8.93
1,359.8
1,381.8
$
$
10.12
10.01
1,327.2
1,341.4
$
$
11.69
11.52
1,268.8
1,287.4
$
$
13.25
13.06
1,197.0
1,213.8
$
$
3.04
3.00
1,204.8
1,221.4
$
$
3.23
3.19
1,188.6
1,204.9
$
$
4.65
4.58
1,197.0
1,213.8
$
$
2.65
2.61
1,159.1
1,174.2
$
$
3.38
3.34
1,149.0
1,161.9
$
$
13.91
13.72
1,142.8
1,161.9
$
$
$
5,382.0
593.0
27,358.0
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2,554.0
2,617.0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
10,864.0
323.0
26,857.0
0.1%
2,006.0
752.0
2,758.0
0.1%
5,112.0
1,478.0
-
$
$
$
$
$
$
$
$
$
11,835.0
500.0
26,841.0
-9.2%
2,058.0
696.0
2,754.0
6.1%
5,299.0
1,617.0
1.0
$
$
$
Prepaid Expenses
Current Deferred Income Taxes
Other Current Assets
11,922.0
29,561.0
18.3%
2,007.0
589.0
2,596.0
-2.5%
5,248.0
1,601.0
-
$
$
$
$
$
$
$
$
$
11,303.0
24,987.0
-15.5%
2,045.0
618.0
2,663.0
2.6%
5,172.0
1,247.0
1.0
$
$
$
$
$
$
$
$
$
11,714.0
50.0
26,381.0
-6.5%
2,013.0
560.0
2,573.0
5.0%
4,662.0
1,557.0
-
$
$
$
$
$
$
$
$
$
11,922.0
29,561.0
4.7%
2,007.0
589.0
2,596.0
6.0%
5,248.0
1,601.0
-
$
$
$
$
$
$
$
$
$
10,661.0
990.0
28,225.0
5.3%
2,018.0
432.0
2,450.0
-1.8%
4,226.0
1,564.0
-
$
$
$
$
$
$
$
$
$
12,183.0
1,791.0
26,793.0
-2.8%
1,960.0
533.0
1.0
2,494.0
-7.7%
3,944.0
1,730.0
-
$
$
$
$
$
$
$
$
$
12,741.0
166.0
27,555.0
-4.3%
2,176.0
524.0
1.0
2,701.0
1.4%
4,299.0
1,542.0
-
$
$
$
$
$
$
$
$
$
14,991.0
1,155.0
28,789.0
7.2%
1,996.0
668.0
2,664.0
-5.2%
3,891.0
1,687.0
-
$
$
$
$
$
$
$
$
$
8,022.0
2,634.0
26,848.0
9.9%
2,304.0
506.0
2,810.0
-1.1%
2,539.0
1,806.0
-
$
$
$
$
$
$
$
$
$
12,568.0
1,118.0
24,428.0
-13.2%
1,939.0
902.0
2,841.0
-14.3%
2,941.0
1,765.0
-
$
$
$
2,188.0
960.0
3,148.0
10,053.0
517.0
28,136.0
-2.7%
2,137.0
1,179.0
3,316.0
12.7%
2,719.0
2,229.0
-
$
$
$
$
$
$
$
$
$
7,290.0
357.0
28,923.0
5.7%
1,950.0
992.0
2,942.0
-6.5%
2,608.0
2,542.0
336.0
$
$
$
10,864.0
323.0
26,857.0
-9.1%
2,006.0
752.0
2,758.0
6.2%
5,112.0
1,478.0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
41,652.0
837.0
8,978.0
26,268.0
36,083.0
14,440.0
4,677.0
4,314.0
31,401.0
54,832.0
$
$
$
$
$
$
$
$
$
$
$
$
$
44,998.0
865.0
9,261.0
26,996.0
37,122.0
14,689.0
7,495.0
4,288.0
32,987.0
59,459.0
$
$
$
$
$
$
$
$
$
$
$
$
$
46,970.0
840.0
9,100.0
26,445.0
36,385.0
15,175.0
10,226.0
36,812.0
62,213.0
$
$
$
$
$
$
$
$
$
$
$
$
$
45,661.0
684.0
8,312.0
21,760.0
3,505.0
34,261.0
13,756.0
11,104.0
35,227.0
60,087.0
$
$
$
$
$
$
$
$
$
$
$
$
$
44,660.0
693.0
8,243.0
23,907.0
3,678.0
36,521.0
14,440.0
2,202.0
12,854.0
29,078.0
58,574.0
$
$
$
$
$
$
$
$
$
$
$
$
$
53,177.0
701.0
8,498.0
29,386.0
38,584.0
15,081.0
2,107.0
14,285.0
1,513.0
34,268.0
67,254.0
$
$
$
$
$
$
$
$
$
$
$
$
$
49,004.0
729.0
12,765.0
24,950.0
1.0
38,445.0
14,305.0
2,878.0
18,226.0
7,270.0
17,841.0
60,520.0
$
$
$
$
$
$
$
$
$
$
$
$
$
48,935.0
737.0
12,970.0
25,888.0
1.0
39,596.0
14,165.0
2,513.0
20,190.0
4,195.0
19,024.0
60,087.0
$
$
$
$
$
$
$
$
$
$
$
$
$
48,116.0
777.0
12,836.0
26,676.0
40,289.0
14,096.0
3,488.0
25,136.0
3,220.0
19,396.0
65,336.0
$
$
$
$
$
$
$
$
$
$
$
$
$
50,928.0
786.0
12,495.0
26,843.0
40,124.0
13,883.0
3,392.0
26,213.0
3,503.0
18,514.0
65,505.0
$
$
$
$
$
$
$
$
$
$
$
$
$
46,937.0
41,126.0
41,126.0
14,239.0
3,205.0
25,609.0
2,877.0
20,607.0
66,537.0
$
$
$
$
$
$
$
$
$
$
$
$
$
45,373.0
40,139.0
40,139.0
13,887.0
3,033.0
24,913.0
2,570.0
20,382.0
64,785.0
$
$
$
$
$
$
$
$
$
$
$
$
$
50,928.0
786.0
12,495.0
26,843.0
40,124.0
13,883.0
3,392.0
26,213.0
3,503.0
18,514.0
65,505.0
$
$
$
$
$
$
$
$
$
$
$
$
$
48,847.0
40,441.0
40,441.0
13,945.0
3,641.0
27,468.0
3,100.0
18,346.0
66,500.0
$
$
$
$
$
$
$
$
$
$
$
$
$
47,392.0
40,158.0
40,158.0
13,865.0
3,658.0
27,735.0
2,795.0
18,387.0
66,440.0
$
$
$
$
$
$
$
$
$
$
$
$
$
47,392.0
40,158.0
40,158.0
13,865.0
3,658.0
27,735.0
2,795.0
18,387.0
66,440.0
Total Assets
96,484.0
104,457.0
109,183.0
105,748.0
103,234.0
120,431.0
109,524.0
109,022.0
113,452.0
116,433.0
113,474.0
110,158.0
116,433.0
115,347.0
113,832.0
113,832.0
Accounts payable
Short-Term Debt
Taxes Payable
Accrued Expenses
Accrued Liabilities
Deferred Revenues
Current Deferred Income Taxes
Other Current Liabilities
$
$
$
$
$
$
$
$
7,630.0
6,031.0
6,413.0
5,276.0
9,200.0
$
$
$
$
$
$
$
$
8,460.0
6,646.0
7,156.0
6,492.0
9,146.0
$
$
$
$
$
$
$
$
9,444.0
8,099.0
6,548.0
7,175.0
8,532.0
$
$
$
$
$
$
$
$
7,349.0
7,216.0
5,233.0
7,319.0
8,035.0
$
$
$
$
$
$
$
$
7,964.0
8,902.0
5,372.0
8,587.0
9,265.0
$
$
$
$
$
$
$
$
8,054.0
12,235.0
5,901.0
9,802.0
8,318.0
$
$
$
$
$
$
$
$
7,014.0
11,236.0
11,203.0
10,239.0
2,743.0
$
$
$
$
$
$
$
$
7,436.0
4,168.0
5,223.0
10,845.0
8,330.0
$
$
$
$
$
$
$
$
7,804.0
6,778.0
10,184.0
11,580.0
4,216.0
$
$
$
$
$
$
$
$
8,517.0
8,463.0
9,633.0
12,197.0
3,313.0
$
$
$
$
$
$
$
$
7,112.0
7,858.0
9,850.0
12,660.0
2,363.0
$
$
$
$
$
$
$
$
7,093.0
6,071.0
9,252.0
11,252.0
2,360.0
$
$
$
$
$
$
$
$
8,517.0
8,463.0
9,633.0
12,197.0
3,313.0
$
$
$
$
$
$
$
$
7,416.0
6,293.0
9,047.0
13,269.0
2,184.0
$
$
$
$
$
$
$
$
7,482.0
7,669.0
9,258.0
12,311.0
2,183.0
$
$
$
$
$
$
$
$
7,482.0
7,669.0
9,258.0
12,311.0
2,183.0
$
$
$
$
$
$
34,550.0
19,986.0
17,716.0
1,450.0
17,716.0
39,152.0
$
$
$
$
$
$
37,900.0
16,986.0
19,873.0
1,834.0
19,873.0
38,693.0
$
$
$
$
$
$
39,798.0
14,828.0
24,810.0
24,810.0
39,638.0
$
$
$
$
$
$
35,152.0
15,425.0
22,073.0
22,073.0
37,498.0
$
$
$
$
$
$
40,091.0
13,780.0
20,857.0
20,857.0
34,637.0
$
$
$
$
$
$
44,310.0
23,039.0
23,548.0
1,064.0
23,548.0
47,651.0
$
$
$
$
$
$
42,435.0
22,689.0
30,935.0
30,935.0
53,624.0
$
$
$
$
$
$
36,002.0
21,932.0
28,333.0
28,333.0
50,383.0
$
$
$
$
$
$
40,562.0
21,846.0
27,872.0
27,872.0
49,844.0
$
$
$
$
$
$
42,123.0
22,857.0
31,217.0
31,217.0
54,172.0
$
$
$
$
$
$
39,843.0
21,915.0
28,505.0
28,505.0
50,504.0
$
$
$
$
$
$
36,028.0
24,089.0
27,663.0
27,663.0
51,839.0
$
$
$
$
$
$
42,123.0
22,857.0
31,217.0
31,217.0
54,172.0
$
$
$
$
$
$
38,209.0
25,760.0
30,595.0
30,595.0
56,437.0
$
$
$
$
$
$
38,903.0
24,766.0
29,600.0
29,600.0
54,457.0
$
$
$
$
$
$
38,903.0
24,766.0
29,600.0
29,600.0
54,457.0
Total Liabilities
Retained Earnings
Preferred Equity
$
$
$
73,702.0
31,555.0
-
$
$
$
76,593.0
37,525.0
-
$
$
$
79,436.0
44,525.0
-
$
$
$
72,650.0
44,734.0
-
$
$
$
74,727.0
52,432.0
-
$
$
$
91,961.0
60,640.0
-
$
$
$
96,059.0
70,353.0
-
$
$
$
86,385.0
80,900.0
-
$
$
$
90,406.0
92,532.0
-
$
$
$
96,295.0
104,857.0
-
$
$
$
90,347.0
97,334.0
-
$
$
$
87,867.0
100,266.0
-
$
$
$
96,295.0
104,857.0
-
$
$
$
94,646.0
107,036.0
-
$
$
$
93,360.0
109,928.0
-
$
$
$
93,360.0
109,928.0
-
Total Equity
22,782.0
27,864.0
29,747.0
33,098.0
28,506.0
28,470.0
13,465.0
22,637.0
23,046.0
20,138.0
23,127.0
22,291.0
20,138.0
20,701.0
20,472.0
20,472.0
96,484.0
104,457.0
109,183.0
105,748.0
103,233.0
120,431.0
109,524.0
109,022.0
113,452.0
116,433.0
113,474.0
110,158.0
116,433.0
115,347.0
113,832.0
113,832.0
Net Income
Depreciation & Amortization
Deferred Income Taxes
Operating Gains
Extraordinary Gains
(Incr) Decr. in Receivables
(Incr) Decr. in Inventories
(Incr) Decr. in Prepaid Expenses
(Incr) Decr. in Other Current Assets
Decr. (Incr) in payables
Decr. (Incr) in Other Current Liabilities
Decr. (Incr) in Other Working Capital
Other Non Cash Items
$
$
$
$
$
$
$
$
$
$
$
$
$
5,334.0
3,691.0
(67.0)
1,065.0
4,125.0
793.0
(4,157.0)
(55.0)
2,371.0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
7,613.0
3,961.0
1,126.0
(225.0)
2,024.0
293.0
(1,761.0)
617.0
181.0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
8,448.0
3,959.0
2,081.0
(400.0)
2,613.0
(291.0)
(1,284.0)
411.0
(584.0)
(503.0)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
7,934.0
4,147.0
2,185.0
(449.0)
2,219.0
202.0
(2,146.0)
(536.0)
317.0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
9,492.0
3,907.0
1,724.0
(171.0)
(512.0)
112.0
355.0
(1,735.0)
846.0
$
$
$
$
$
$
$
$
$
$
$
$
$
10,418.0
4,038.0
740.0
(89.0)
(1,408.0)
182.0
(142.0)
478.0
713.0
$
$
$
$
$
$
$
$
$
$
$
$
$
12,334.0
4,140.0
1,900.0
(338.0)
274.0
(102.0)
(860.0)
(1,773.0)
1,268.0
658.0
$
$
$
$
$
$
$
$
$
$
$
$
$
13,425.0
3,773.0
1,773.0
(395.0)
2,131.0
263.0
170.0
(2,146.0)
558.0
$
$
$
$
$
$
$
$
$
$
$
$
$
14,833.0
3,657.0
1,294.0
(801.0)
(489.0)
92.0
174.0
(1,963.0)
949.0
629.0
$
$
$
$
$
$
$
$
$
$
$
$
$
15,855.0
3,589.0
1,212.0
(342.0)
(1,279.0)
(163.0)
451.0
(1,371.0)
(28.0)
696.0
$
$
$
$
$
$
$
$
$
$
$
$
$
6,526.0
1,816.0
(383.0)
(839.0)
332.0
$
$
$
$
$
$
$
$
$
$
$
$
$
10,365.0
2,701.0
(252.0)
(1,488.0)
498.0
$
$
$
$
$
$
$
$
$
$
$
$
$
15,855.0
3,589.0
1,212.0
(342.0)
(1,279.0)
(163.0)
451.0
(1,371.0)
(28.0)
696.0
$
$
$
$
$
$
$
$
$
$
$
$
$
3,066.0
847.0
(143.0)
43.0
169.0
$
$
$
$
$
$
$
$
$
$
$
$
$
6,948.0
1,706.0
(118.0)
(764.0)
327.0
$
$
$
$
$
$
$
$
$
$
$
$
$
16,277.0
3,479.0
1,212.0
(77.0)
(1,279.0)
(163.0)
451.0
(1,371.0)
47.0
691.0
13,066.0
14,407.0
15,323.0
14,914.0
15,007.0
16,089.0
18,811.0
20,773.0
19,549.0
19,846.0
8,071.0
12,750.0
19,846.0
4,292.0
8,726.0
20,501.0
$
$
$
$
$
$
$
$
$
(4,753.0)
(3,158.0)
2,008.0
(1,582.0)
(597.0)
(6,897.0)
$
$
$
$
$
$
$
$
$
(4,393.0)
(1,836.0)
1,136.0
(6,471.0)
(581.0)
(5,122.0)
$
$
$
$
$
$
$
$
$
(4,368.0)
(1,738.0)
1,336.0
(8,718.0)
(688.0)
(5,346.0)
$
$
$
$
$
$
$
$
$
(3,842.0)
(1,482.0)
2,039.0
(4,526.0)
(792.0)
(4,423.0)
$
$
$
$
$
$
$
$
$
(5,166.0)
(3,799.0)
430.0
(28,555.0)
(11,549.0)
$
$
$
$
$
$
$
$
$
(5,505.0)
(699.0)
537.0
(30,449.0)
(4,675.0)
$
$
$
$
$
$
$
$
$
(4,887.0)
(6,242.0)
350.0
(4,590.0)
(16.0)
(9,285.0)
$
$
$
$
$
$
$
$
$
(4,077.0)
(794.0)
330.0
(5,604.0)
(183.0)
(6,729.0)
$
$
$
$
$
$
$
$
$
7,877.0
(4,754.0)
(5,866.0)
770.0
(6,129.0)
(405.0)
(8,507.0)
$
$
$
$
$
$
$
$
$
(4,667.0)
(1,797.0)
608.0
(1,594.0)
(291.0)
(4,396.0)
$
$
$
$
$
$
$
$
$
2,375.0
(2,009.0)
(155.0)
(774.0)
477.0
(86.0)
$
$
$
$
$
$
$
$
$
2,950.0
(3,481.0)
(219.0)
480.0
(1,156.0)
535.0
(891.0)
$
$
$
$
$
$
$
$
$
(4,667.0)
(1,797.0)
608.0
(1,594.0)
(291.0)
(4,396.0)
$
$
$
$
$
$
$
$
$
(1,097.0)
(1,319.0)
95.0
(1,227.0)
637.0
(2,230.0)
$
$
$
$
$
$
$
$
$
1,247.0
(2,455.0)
(1,912.0)
175.0
(1,655.0)
687.0
(3,913.0)
$
$
$
$
$
$
$
$
$
(1,128.0)
(5,113.0)
(3,554.0)
783.0
(881.0)
(1,594.0)
(81.0)
(8,223.0)
$
$
$
$
$
$
$
$
$
$
$
(3,087.0)
(3,087.0)
6,726.0
(9,899.0)
(3,173.0)
(1,005.0)
(7,265.0)
6,330.0
5,382.0
(948.0)
$
$
$
$
$
$
$
$
$
$
$
(3,232.0)
(3,232.0)
2,350.0
(5,831.0)
(3,481.0)
(1,085.0)
(7,798.0)
5,382.0
7,290.0
1,908.0
$
$
$
$
$
$
$
$
$
$
$
(5,418.0)
(5,418.0)
3,511.0
(4,538.0)
(1,027.0)
(1,174.0)
(7,619.0)
7,290.0
10,053.0
2,763.0
$
$
$
$
$
$
$
$
$
$
$
(6,506.0)
(6,506.0)
4,363.0
(3,754.0)
609.0
(1,250.0)
(7,187.0)
10,053.0
12,568.0
2,515.0
$
$
$
$
$
$
$
$
$
$
$
(6,399.0)
(6,399.0)
3,278.0
(3,400.0)
(122.0)
(1,683.0)
(8,204.0)
12,568.0
8,022.0
(4,546.0)
$
$
$
$
$
$
$
$
$
$
$
4,123.0
(18,828.0)
(14,705.0)
23,418.0
(11,306.0)
12,112.0
(2,147.0)
(4,740.0)
8,022.0
14,991.0
6,969.0
$
$
$
$
$
$
$
$
$
$
$
3,774.0
(10,578.0)
(6,804.0)
13,829.0
(16,273.0)
(2,444.0)
(2,585.0)
(11,834.0)
14,991.0
12,741.0
(2,250.0)
$
$
$
$
$
$
$
$
$
$
$
3,052.0
(7,429.0)
(4,377.0)
6,683.0
(14,146.0)
(7,463.0)
(2,860.0)
(14,700.0)
12,741.0
12,183.0
(558.0)
$
$
$
$
$
$
$
$
$
$
$
3,774.0
(15,375.0)
(11,601.0)
8,055.0
(6,522.0)
1,533.0
(3,178.0)
(12,429.0)
12,183.0
10,661.0
(1,522.0)
$
$
$
$
$
$
$
$
$
$
$
(15,046.0)
(15,046.0)
11,317.0
(8,947.0)
2,370.0
(3,473.0)
(13,696.0)
10,661.0
11,922.0
1,261.0
$
$
$
$
$
$
$
$
$
$
$
1,551.0
(8,021.0)
(6,470.0)
3,656.0
(3,587.0)
69.0
(1,700.0)
(7,217.0)
10,661.0
11,714.0
1,053.0
$
$
$
$
$
$
$
$
$
$
$
2,029.0
(11,465.0)
(9,436.0)
6,652.0
(5,625.0)
1,027.0
(2,593.0)
(10,886.0)
10,661.0
11,303.0
643.0
$
$
$
$
$
$
$
$
$
$
$
(15,046.0)
(15,046.0)
11,317.0
(8,947.0)
2,370.0
(3,473.0)
(13,696.0)
10,661.0
11,922.0
1,261.0
$
$
$
$
$
$
$
$
$
$
$
(3,015.0)
(3,015.0)
3,906.0
(848.0)
3,058.0
(870.0)
(2,316.0)
11,922.0
11,835.0
(87.0)
$
$
$
$
$
$
$
$
$
$
$
918.0
(6,002.0)
(5,084.0)
7,559.0
(4,069.0)
3,490.0
(1,848.0)
(5,678.0)
11,922.0
10,864.0
(1,058.0)
$
$
$
$
$
$
$
$
$
$
$
(633.0)
(13,027.0)
(13,660.0)
15,220.0
(9,429.0)
5,791.0
(3,621.0)
(12,157.0)
11,922.0
11,072.0
(850.0)
$
$
$
$
13,066.0
4,753.0
8,313.0
1,195.0
$
$
$
$
14,407.0
4,393.0
10,014.0
5,827.0
$
$
$
$
15,323.0
4,368.0
10,955.0
7,677.0
$
$
$
$
14,914.0
3,842.0
11,072.0
8,183.0
$
$
$
$
15,007.0
5,166.0
9,841.0
10,859.0
$
$
$
$
16,089.0
5,505.0
10,584.0
10,554.0
$
$
$
$
18,811.0
4,887.0
13,924.0
13,438.0
$
$
$
$
20,773.0
4,077.0
16,696.0
13,261.0
$
$
$
$
19,549.0
4,754.0
14,795.0
15,602.0
$
$
$
$
19,846.0
4,667.0
15,179.0
17,863.0
$
$
$
$
8,071.0
2,009.0
6,062.0
7,504.0
$
$
$
$
12,750.0
3,481.0
9,269.0
11,571.0
$
$
$
$
19,846.0
4,667.0
15,179.0
17,863.0
$
$
$
$
4,292.0
1,097.0
3,195.0
2,942.0
$
$
$
$
8,726.0
2,455.0
6,271.0
7,290.0
$
$
$
$
20,501.0
5,113.0
15,388.0
17,649.0
$
$
785.0
3,261.0
415.4%
(2,476.0)
-
$
$
$
$
$
$
Balance Sheet
MRQ
Assets
Cash and Equiv
Short-Term Investments
Net Receivables
% change from prev year
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
TTM
Enter Ticker
Refresh
9/6/2012
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Q3
Q4
Q1
Q2
Income Statement
Revenue
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Cost of Revenues
62.7%
63.0%
62.6%
59.9%
58.1%
57.8%
55.9%
54.3%
53.9%
53.1%
53.5%
50.1%
54.9%
52.4%
Gross Profit
37.3%
37.0%
37.4%
40.1%
41.9%
42.2%
44.1%
45.7%
46.1%
46.9%
46.5%
49.9%
45.1%
47.6%
Operating Expenses
Selling, General & Admin. Expenses
23.1%
20.0%
20.1%
23.4%
22.2%
22.3%
22.6%
21.9%
21.9%
22.1%
21.6%
20.6%
23.9%
22.6%
5.9%
5.7%
5.9%
6.4%
6.7%
6.2%
6.1%
6.1%
6.0%
5.9%
5.9%
5.3%
6.5%
6.2%
EBITDA
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.4%
5.3%
5.1%
5.7%
5.5%
5.3%
5.3%
5.2%
4.8%
4.5%
4.6%
4.0%
4.7%
4.6%
Operating Income
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
15.4%
17.8%
18.2%
19.0%
20.1%
21.1%
14.7%
20.0%
Interest Expense
0.2%
0.2%
0.1%
0.2%
0.3%
0.6%
0.6%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0.5%
Other Income
1.1%
1.0%
1.1%
3.4%
1.2%
1.0%
3.9%
1.6%
1.9%
1.1%
0.6%
1.0%
1.3%
1.6%
0.9%
0.9%
1.1%
3.1%
1.5%
1.0%
18.6%
18.9%
19.7%
19.6%
20.4%
21.8%
15.5%
21.1%
Income Taxes/(Credit)
2.7%
3.7%
3.7%
4.6%
4.3%
4.1%
4.2%
4.9%
4.9%
4.8%
4.5%
6.1%
3.1%
5.0%
-1.8%
-2.8%
-2.6%
-1.5%
-2.8%
-3.1%
14.4%
14.0%
14.9%
14.8%
15.8%
15.7%
12.4%
16.2%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
6.6%
8.5%
8.8%
8.8%
10.3%
10.5%
11.9%
14.0%
14.9%
14.8%
14.7%
18.6%
12.4%
15.1%
-2.2%
0.0%
0.0%
0.0%
0.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.4%
8.5%
8.8%
8.7%
10.4%
10.5%
11.9%
14.0%
14.9%
14.8%
14.7%
18.6%
12.4%
15.1%
5.6%
7.0%
9.2%
11.9%
7.8%
12.4%
11.6%
11.2%
9.4%
10.2%
10.3%
10.2%
10.3%
9.5%
Short-Term Investments
0.6%
0.3%
0.5%
1.1%
2.6%
1.0%
0.2%
1.6%
0.9%
0.0%
0.0%
0.0%
0.4%
0.3%
28.4%
27.7%
25.8%
23.1%
26.0%
23.9%
25.2%
24.6%
24.9%
25.4%
22.7%
25.4%
23.3%
23.6%
Inventories
3.3%
2.8%
3.0%
2.7%
2.7%
2.2%
2.5%
2.3%
2.2%
2.2%
2.4%
2.2%
2.4%
2.4%
0.0%
0.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
43.2%
43.1%
43.0%
43.2%
43.3%
44.2%
44.7%
44.9%
42.4%
43.7%
41.2%
43.7%
42.3%
41.6%
Fixed Assets
15.0%
14.1%
13.9%
13.0%
14.0%
12.5%
13.1%
13.0%
12.4%
11.9%
12.6%
11.9%
12.1%
12.2%
4.8%
7.2%
9.4%
10.5%
2.1%
1.7%
2.6%
2.3%
3.1%
2.9%
2.8%
2.9%
3.2%
3.2%
32.5%
31.6%
33.7%
33.3%
28.2%
28.5%
16.3%
17.4%
17.1%
15.9%
18.5%
15.9%
15.9%
16.2%
Minority Interest
Net Income From Continuing
Operations
Net Income From Discontinued
Operations
Net Income From Total Operations
Balance Sheet
Assets
Net Receivables
Intangible Assets
Other Long-Term Assets
Total Long-Term Assets
56.8%
56.9%
57.0%
56.8%
56.7%
55.8%
55.3%
55.1%
57.6%
56.3%
58.8%
56.3%
57.7%
58.4%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Accounts payable
7.9%
8.1%
8.6%
6.9%
7.7%
6.7%
6.4%
6.8%
6.9%
7.3%
6.4%
7.3%
6.4%
6.6%
Short-Term Debt
6.3%
6.4%
7.4%
6.8%
8.6%
10.2%
10.3%
3.8%
6.0%
7.3%
5.5%
7.3%
5.5%
6.7%
Taxes Payable
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Accrued Liabilities
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
10.2%
4.8%
9.0%
8.3%
8.4%
8.3%
7.8%
8.1%
9.5%
8.8%
7.8%
7.6%
9.0%
6.9%
2.5%
7.6%
3.7%
2.8%
2.1%
2.8%
1.9%
1.9%
35.8%
36.3%
36.5%
33.2%
38.8%
36.8%
38.7%
33.0%
35.8%
36.2%
32.7%
36.2%
33.1%
34.2%
Long-Term Debt
20.7%
16.3%
13.6%
14.6%
13.3%
19.1%
20.7%
20.1%
19.3%
19.6%
21.9%
19.6%
22.3%
21.8%
Other Liabilities
18.4%
19.0%
22.7%
20.9%
20.2%
19.6%
28.2%
26.0%
24.6%
26.8%
25.1%
26.8%
26.5%
26.0%
1.5%
1.8%
0.0%
0.0%
0.0%
0.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
40.6%
37.0%
36.3%
35.5%
33.6%
39.6%
49.0%
46.2%
43.9%
46.5%
47.1%
46.5%
48.9%
47.8%
Total Liabilities
76.4%
73.3%
72.8%
68.7%
72.4%
76.4%
87.7%
79.2%
79.7%
82.7%
79.8%
82.7%
82.1%
82.0%
Retained Earnings
32.7%
35.9%
40.8%
42.3%
50.8%
50.4%
64.2%
74.2%
81.6%
90.1%
91.0%
90.1%
92.8%
96.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
23.6%
26.7%
27.2%
31.3%
27.6%
23.6%
12.3%
20.8%
20.3%
17.3%
20.2%
17.3%
17.9%
18.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Net Income
40.8%
52.8%
55.1%
53.2%
63.3%
64.8%
65.6%
64.6%
75.9%
79.9%
81.3%
79.9%
71.4%
79.6%
28.2%
27.5%
25.8%
27.8%
26.0%
25.1%
22.0%
18.2%
18.7%
18.1%
21.2%
18.1%
19.7%
19.6%
Deferred Taxes
-0.5%
7.8%
13.6%
14.7%
11.5%
4.6%
10.1%
8.5%
6.6%
6.1%
0.0%
6.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.6%
4.4%
3.5%
2.7%
3.2%
3.5%
3.9%
3.5%
3.9%
3.7%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Capital Expenditures
68.9%
85.8%
81.7%
86.9%
44.7%
117.8%
52.6%
60.6%
55.9%
106.2%
390.7%
106.2%
49.2%
62.7%
Acquisitions
45.8%
35.8%
32.5%
33.5%
32.9%
15.0%
67.2%
11.8%
69.0%
40.9%
24.6%
40.9%
59.1%
48.9%
Sale of Assets
-29.1%
-22.2%
-25.0%
-46.1%
-3.7%
-11.5%
-3.8%
-4.9%
-9.1%
-13.8%
-53.9%
-13.8%
-4.3%
-4.5%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Total Assets
Preferred Equity
Total Equity
Total Liabilities & Equity
Other
Net Cash From Operating Activities
0.0%
0.0%
0.0%
0.0%
0.0%
-87.0%
-31.9%
-20.8%
-30.4%
0.0%
-18.6%
0.0%
0.0%
-16.2%
42.5%
41.4%
71.1%
90.5%
78.0%
397.2%
89.4%
50.5%
123.7%
109.9%
105.3%
109.9%
130.2%
105.7%
42.5%
41.4%
71.1%
90.5%
78.0%
310.2%
57.5%
29.8%
93.3%
109.9%
86.7%
109.9%
130.2%
89.5%
Issuance of Debt
-92.6%
-30.1%
-46.1%
-60.7%
-40.0%
-494.1%
-116.9%
-45.5%
-64.8%
-82.6%
-61.1%
-82.6%
-168.7%
-133.1%
Repayment of Debt
136.3%
74.8%
59.6%
52.2%
41.4%
238.5%
137.5%
96.2%
52.5%
65.3%
51.7%
65.3%
36.6%
71.7%
43.7%
44.6%
13.5%
-8.5%
1.5%
-255.5%
20.7%
50.8%
-12.3%
-17.3%
-9.4%
-17.3%
-132.0%
-61.5%
13.8%
13.9%
15.4%
17.4%
20.5%
45.3%
21.8%
19.5%
25.6%
25.4%
23.8%
25.4%
37.6%
32.5%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Help
TTM
100.0%
52.6%
47.4%
22.1%
5.9%
0.0%
0.0%
4.4%
19.1%
0.4%
1.1%
19.8%
4.7%
15.1%
0.0%
15.3%
0.0%
15.3%
MRQ
9.5%
0.3%
23.6%
2.4%
0.0%
41.6%
12.2%
3.2%
16.2%
58.4%
100.0%
6.6%
6.7%
0.0%
8.1%
1.9%
34.2%
21.8%
26.0%
0.0%
47.8%
82.0%
96.6%
0.0%
18.0%
100.0%
TTM
79.4%
17.0%
5.9%
3.4%
100.0%
62.2%
43.2%
-9.5%
100.0%
5.2%
107.2%
112.4%
-125.2%
77.6%
-47.6%
29.8%
100.0%
Enter Ticker
Refresh
Help
Color Coding
9/6/2012
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TTM
37.11
18.55
17.20
15.56
14.44
12.93
8.86
12.46
12.47
13.81
14.51
35.44
17.54
15.94
13.83
13.32
11.35
7.82
11.42
11.69
13.05
13.81
P/S
1.63
1.58
1.50
1.36
1.50
1.34
1.06
1.75
1.85
2.05
2.18
P/BV
5.81
5.05
4.87
3.73
4.81
4.64
8.12
7.39
8.03
10.87
11.30
P/Tang BV
7.31
6.91
7.42
5.62
5.21
5.01
10.33
8.31
9.46
13.07
13.76
P/CF
-4.14
-2.33
-2.98
-13.84
-3.40
-1.71
5.38
8.66
8.87
9.74
10.01
P/FCF
15.92
14.05
13.23
11.16
13.93
12.49
7.85
10.02
12.50
14.42
15.03
ROE
15.7%
27.2%
28.3%
24.0%
33.3%
36.6%
91.6%
59.3%
64.4%
78.7%
79.5%
ROA
3.7%
7.3%
7.7%
7.5%
9.2%
8.7%
11.3%
12.3%
13.1%
13.6%
14.3%
ROIC
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
18.4%
17.2%
18.7%
20.6%
20.6%
CROIC
13.4%
15.0%
15.8%
15.7%
15.6%
13.9%
20.8%
22.9%
20.3%
20.4%
20.5%
31.4%
31.6%
33.0%
34.5%
37.1%
34.6%
41.7%
40.2%
40.6%
43.1%
44.2%
Book to Market
17.2%
19.8%
20.5%
26.8%
20.8%
21.5%
12.3%
13.5%
12.5%
9.2%
8.8%
Quick Ratio
1.11
1.11
1.10
1.22
1.04
1.14
1.09
1.29
1.13
1.15
1.15
Current Ratio
1.21
1.19
1.18
1.30
1.11
1.20
1.15
1.36
1.19
1.21
1.22
3.24
2.75
2.67
2.19
2.62
3.23
7.13
3.82
3.92
4.78
4.56
0.88
0.61
0.50
0.47
0.48
0.81
1.69
0.97
0.95
1.14
1.21
0.26
0.24
0.27
0.22
0.31
0.43
0.83
0.18
0.29
0.42
0.37
Solvency
Efficiency Ratios
Asset Turnover
0.84
0.85
0.88
0.86
0.89
0.82
0.95
0.88
0.88
0.92
0.93
6.6%
8.2%
10.4%
13.8%
8.8%
15.2%
12.3%
12.7%
10.7%
11.2%
10.2%
Receivables % of Revenue
33.7%
32.4%
29.2%
26.8%
29.4%
29.1%
26.6%
28.0%
28.3%
27.6%
25.3%
SG&A % of Revenue
23.1%
20.0%
20.1%
23.4%
22.2%
22.3%
22.6%
21.9%
21.9%
22.1%
22.1%
5.9%
5.7%
5.9%
6.4%
6.7%
6.2%
6.1%
6.1%
6.0%
5.9%
5.9%
0.61
Cash % of Revenue
R&D % of Revenue
Liquidity Ratios
Receivables Turnover
0.13
0.27
0.30
0.30
0.37
0.37
0.44
0.49
0.54
0.55
123.0
118.4
106.6
97.8
107.2
106.4
97.1
102.1
103.2
100.9
92.4
54.71
55.03
57.20
49.13
54.71
51.52
44.16
52.22
52.89
54.75
48.94
Inventory Turnover
16.17
18.43
19.26
17.74
18.80
20.85
21.61
20.01
21.79
22.50
20.23
22.57
19.81
18.95
20.58
19.41
17.51
16.89
18.24
16.75
16.22
18.04
20.5%
26.9%
34.4%
33.5%
7.7%
7.4%
21.4%
11.1%
15.1%
16.8%
17.9%
3.9%
3.3%
3.4%
3.1%
3.1%
2.7%
2.6%
2.6%
2.5%
2.4%
2.6%
32.3%
25.5%
21.4%
21.8%
21.8%
30.3%
33.8%
30.0%
30.0%
30.8%
33.1%
9.7%
10.0%
11.7%
10.2%
14.1%
16.1%
16.7%
5.7%
9.3%
11.4%
10.2%
27.1%
22.2%
18.7%
21.2%
18.4%
25.1%
23.6%
25.4%
24.2%
23.7%
26.5%
8.2%
8.7%
10.2%
9.9%
11.9%
13.3%
11.7%
4.8%
7.5%
8.8%
8.2%
76.4%
73.3%
72.8%
68.7%
72.4%
76.4%
87.7%
79.2%
79.7%
82.7%
82.0%
5.4%
5.0%
4.9%
8.5%
3.3%
6.7%
6.0%
7.7%
4.1%
4.0%
3.7%
Refresh
Help
Owner Earnings
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TTM
$8,313.0 ####### ####### ####### $9,841.0 ####### ####### ####### ####### ####### #######
% Change 20.5%
9.4%
1.1%
-11.1%
7.6%
31.6%
19.9%
-11.4%
2.6%
1.4%
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TTM
$1,195.0 $5,827.0 $7,677.0 $8,183.0 ####### ####### ####### ####### ####### ####### #######
% Change 387.6%
31.7%
6.6%
32.7%
-2.8%
27.3%
-1.3%
17.7%
14.5%
-1.2%
Stock Price
Diluted EPS
2002
$76.5
% Change
2003
$80.1
4.8%
2004
$84.8
5.8%
2005
$75.9
-10.5%
2006
$88.2
16.2%
2007
$92.9
5.3%
2008
$79.2
-14.8%
2009
$124.7
57.6%
2010
$143.7
15.2%
2011
$180.3
25.5%
TTM
$199.1
10.4%
FCF / Sales
2002
10.2%
% Change
2003
11.2%
9.7%
2003
17.0%
14.4%
2004
11.4%
1.3%
2005
12.1%
6.8%
2006
10.8%
-11.4%
2007
10.7%
-0.5%
2008
13.4%
25.4%
2009
17.4%
29.8%
2010
14.8%
-15.0%
2011
14.2%
-4.2%
TTM
14.5%
2.2%
2004
18.6%
9.6%
2005
19.5%
4.5%
2006
18.7%
-3.6%
2007
17.6%
-5.9%
2008
25.7%
45.6%
2009
28.3%
10.0%
2010
24.2%
-14.6%
2011
24.3%
0.7%
TTM
24.1%
-0.8%
2003
37.0%
-0.7%
2004
0.0%
#DIV/0!
2005
0.0%
#DIV/0!
2006
0.0%
#DIV/0!
2007
0.0%
#DIV/0!
2008
0.0%
#DIV/0!
2009
0.0%
#DIV/0!
2010
0.0%
#DIV/0!
2011
0.0%
#DIV/0!
TTM
0.0%
#DIV/0!
2003
6.0
0.0%
2004
37.4%
1.0%
2005
40.1%
7.1%
2006
41.9%
4.5%
2007
42.2%
0.8%
2008
44.1%
4.3%
2009
45.7%
3.8%
2010
46.1%
0.8%
2011
46.9%
1.8%
TTM
47.4%
1.1%
2004
8.0
33.3%
2005
6.0
-25.0%
2006
8.0
33.3%
2007
6.0
-25.0%
2008
7.0
16.7%
2009
8.0
14.3%
2010
8.0
0.0%
2011
8.0
0.0%
TTM
8.0
0.0%
2004
-2.8
-3.9%
2005
-3.0
-6.6%
2006
-2.7
9.4%
2007
-2.7
1.0%
2008
-2.9
-7.4%
2009
-2.8
2.4%
2010
-2.6
6.3%
2011
-2.6
-0.4%
TTM
-2.7
-4.0%
2010
$11.52
15.1%
2011
$13.06
13.4%
TTM
$3.19
-75.6%
2002
2003
15.9
14.1
% Change -11.7%
2004
13.2
-5.9%
2005
11.2
-15.6%
2006
13.9
24.8%
2007
12.5
-10.4%
2008
7.9
-37.1%
2009
10.0
27.6%
2010
12.5
24.8%
2011
14.4
15.3%
TTM
15.0
4.3%
2002
6.3%
% Change
2003
7.1%
13.3%
2004
7.6%
6.2%
2005
9.0%
18.5%
2006
7.2%
-19.9%
2007
8.0%
11.5%
2008
12.7%
59.0%
2009
10.0%
-21.6%
2010
8.0%
-19.9%
2011
6.9%
-13.3%
TTM
6.7%
-4.1%
2002
4.1%
% Change
2003
4.3%
5.3%
2004
5.3%
25.0%
2005
12.7%
137.2%
2006
8.7%
-31.0%
2007
6.6%
-24.2%
2008
95.7%
1346.4%
2009
68.4%
-28.5%
2010
92.8%
35.6%
2011
94.4%
1.7%
TTM
96.1%
1.8%
2002
4.4%
% Change
2003
8.5%
93.0%
2004
8.8%
2.9%
2005
8.7%
-0.6%
2006
10.4%
19.3%
2007
10.5%
1.6%
2008
11.9%
12.9%
2009
14.0%
17.8%
2010
14.9%
5.9%
2011
14.8%
-0.2%
TTM
15.3%
3.4%
2002
2.5
% Change
2003
2.6
3.0%
2004
2.7
3.6%
2005
2.7
1.0%
2006
2.8
4.2%
2007
2.5
-10.1%
2008
3.2
27.1%
2009
3.8
18.1%
2010
3.9
3.5%
2011
4.2
8.3%
TTM
3.3
-22.4%
2002
2003
300.8% 415.4%
% Change 38.1%
2004
340.0%
-18.2%
2005
148.5%
-56.3%
2006
282.5%
90.2%
2007
418.4%
48.1%
2008
22.7%
-94.6%
2009
26.0%
14.5%
2010
24.8%
-4.6%
2011
24.5%
-1.1%
TTM
23.9%
-2.6%
2004
13.8%
5.5%
2005
15.2%
10.5%
2006
13.2%
-13.6%
2007
11.5%
-12.6%
2008
14.5%
25.9%
2009
19.3%
33.3%
2010
16.4%
-15.3%
2011
15.8%
-3.7%
TTM
16.5%
4.6%
2005
71.8%
-2.8%
2006
71.4%
-0.5%
2007
45.9%
-35.7%
2008
61.4%
33.6%
2009
76.1%
24.0%
2010
67.7%
-11.0%
2011
66.4%
-1.9%
TTM
62.1%
-6.4%
2004
267.0%
-2.9%
2005
219.5%
-17.8%
2006
262.1%
19.4%
2007
323.0%
23.2%
2008
713.4%
120.9%
2009
381.6%
-46.5%
2010
392.3%
2.8%
2011
478.2%
21.9%
TTM
456.0%
-4.6%
2002
2003
137.8% 150.7%
% Change 9.3%
2009
$10.01
12.1%
Tax Rate
Debt to Equity
2002
2003
323.5% 274.9%
% Change -15.0%
2008
$8.93
24.4%
2002
2003
-2.7
% Change #DIV/0!
2007
$7.18
17.5%
Piotroski F score
2002
6.0
% Change
2006
$6.11
25.2%
Gross Margin
2002
37.3%
% Change
2005
$4.88
-1.0%
FCF Yield
2002
2003
0.0%
0.0%
% Change #DIV/0!
2004
$4.93
14.1%
Price / FCF
2002
14.9%
% Change
2002
2003
$2.06
$4.32
% Change 109.7%
2004
135.3%
-10.2%
2002
11.3%
% Change
2003
13.1%
15.9%
2005
153.4%
13.4%
2006
110.5%
-28.0%
2007
86.5%
-21.7%
2008
123.9%
43.3%
2009
400.6%
223.2%
2010
218.3%
-45.5%
2011
179.4%
-17.8%
TTM
200.7%
11.9%
2002
41.6%
% Change
2003
59.0%
41.7%
2004
73.9%
25.3%
Enter Ticker
Fiscal Year
Cash Flow Data
Refresh
CLEAR
Trend
2002
M.O.S
Growth
Discount %
8.8%
9.0%
Terminal %
Select FCF
0%
FCF
50%
Current Price
Fair Value
Buy Under
Actual M.O.S
52 Wk High
52 Wk Low
$199.10
$205.28
$102.64
3%
$210.69
$158.76
2003
2004
2005
2006
2007
2008
2009
2010
2011
$19,846.0
($4,667.0)
$22,471.6
$13,066.0
($4,753.0)
($31,987.3)
$8,313.0
YOY% Change
$14,407.0
($4,393.0)
($60,505.9)
$10,014.0
20.5%
$15,323.0
($4,368.0)
($48,615.4)
$10,955.0
9.4%
$14,914.0
($3,842.0)
($8,925.3)
$11,072.0
1.1%
$15,007.0
($5,166.0)
($40,287.2)
$9,841.0
-11.1%
$16,089.0
($5,505.0)
($77,122.1)
$10,584.0
7.6%
$18,811.0
($4,887.0)
$20,309.8
$13,924.0
31.6%
$20,773.0
($4,077.0)
$19,306.3
$16,696.0
19.9%
$19,549.0
($4,754.0)
$20,859.3
$14,795.0
-11.4%
37.3%
0.0%
4.4%
37.0%
0.0%
8.5%
37.4%
0.0%
8.8%
40.1%
0.0%
8.7%
41.9%
0.0%
10.4%
42.2%
0.0%
10.5%
44.1%
15.4%
11.9%
45.7%
17.8%
14.0%
$2.06
300.8%
$4.32
415.4%
$4.93
340.0%
$4.88
148.5%
$6.11
282.5%
$7.18
418.4%
$8.93
22.7%
14.9%
10.2%
16.2
3.7%
15.7%
17.0%
11.2%
18.4
7.3%
27.2%
18.6%
11.4%
19.3
7.7%
28.3%
19.5%
12.1%
17.7
7.5%
24.0%
18.7%
10.8%
18.8
9.2%
33.3%
17.6%
10.7%
20.8
8.7%
36.6%
323.5%
46.7%
11.3%
137.8%
41.6%
274.9%
37.9%
13.1%
150.7%
59.0%
267.0%
33.3%
13.8%
135.3%
73.9%
219.5%
31.8%
15.2%
153.4%
71.8%
262.1%
32.6%
13.2%
110.5%
71.4%
2007-2011
-10.7%
9.4%
24.3%
14.2%
12.3%
64.4%
45.7%
17.8%
14.0%
2.0%
16.1%
5.4%
2006-2009
-8.5%
19.3%
22.2%
12.1%
10.2%
47.9%
43.2%
7.7%
11.2%
1.6%
17.9%
11.4%
2007-2010
-9.5%
11.8%
24.9%
14.1%
11.8%
61.8%
44.9%
16.6%
13.0%
0.4%
17.1%
6.7%
2008-2011
16.5%
2.9%
25.0%
14.5%
12.7%
71.5%
45.9%
18.0%
14.4%
1.0%
13.5%
1.8%
2003-2010
-0.6%
5.7%
19.1%
11.8%
8.9%
34.9%
42.1%
0.0%
10.5%
1.6%
15.0%
4.5%
2004-2011
-2.2%
4.8%
21.8%
12.8%
10.2%
47.9%
43.2%
7.7%
11.2%
1.5%
14.9%
3.8%
2002-2007
7.8%
4.9%
18.1%
11.0%
7.6%
27.8%
38.8%
0.0%
8.7%
4.0%
28.4%
4.3%
2003-2008
-12.3%
6.8%
18.7%
11.3%
8.2%
30.8%
41.0%
0.0%
9.6%
3.1%
15.6%
5.5%
TTM
2.6%
$20,501.0
($5,113.0)
$23,118.7
$15,388.0
1.4%
46.1%
18.2%
14.9%
46.9%
19.0%
14.8%
47.4%
19.1%
15.3%
$10.01
26.0%
$11.52
24.8%
$13.06
24.5%
$13.72
23.9%
25.7%
13.4%
21.6
11.3%
91.6%
28.3%
17.4%
20.0
12.3%
59.3%
24.2%
14.8%
21.8
13.1%
64.4%
24.3%
14.2%
22.5
13.6%
78.7%
24.1%
14.5%
20.2
14.3%
79.5%
323.0%
44.7%
11.5%
86.5%
45.9%
713.4%
62.8%
14.5%
123.9%
61.4%
381.6%
49.2%
19.3%
400.6%
76.1%
392.3%
48.7%
16.4%
218.3%
67.7%
478.2%
53.2%
15.8%
179.4%
66.4%
456.0%
54.7%
16.5%
200.7%
62.1%
2006-2008
-36.6%
18.9%
18.7%
10.8%
9.2%
36.6%
42.2%
0.0%
10.5%
6.5%
20.9%
12.0%
2007-2009
-12.6%
25.6%
25.7%
13.4%
11.3%
59.3%
44.1%
15.4%
11.9%
-1.5%
18.1%
13.6%
2008-2010
35.9%
3.1%
25.7%
14.8%
12.3%
64.4%
45.7%
17.8%
14.0%
-1.8%
13.6%
1.9%
2009-2011
-8.8%
-4.7%
24.3%
14.8%
13.1%
64.4%
46.1%
18.2%
14.8%
5.7%
14.2%
-2.3%
Median
-8.8%
10.7%
24.3%
14.1%
11.8%
61.8%
44.9%
16.6%
13.0%
1.6%
17.1%
6.7%
2004-2009
0.6%
8.8%
19.1%
11.8%
8.9%
34.9%
42.1%
0.0%
10.5%
-0.1%
15.2%
6.3%
2005-2010
-2.3%
6.0%
21.8%
12.8%
10.2%
47.9%
43.2%
7.7%
11.2%
1.8%
18.7%
5.6%
2006-2011
-8.6%
9.1%
24.2%
13.8%
11.8%
61.8%
44.9%
16.6%
13.0%
3.2%
16.4%
5.7%
2002-2011
-0.9%
6.9%
24.3%
11.8%
8.9%
34.9%
42.1%
0.0%
10.5%
3.1%
22.8%
4.8%
Median
-0.9%
6.8%
19.1%
11.8%
8.9%
34.9%
42.1%
0.0%
10.5%
2.4%
16.4%
5.5%
$15,179.0
Margins
Gross Margin
Operating Margin
Net Margin
Debt Related
Debt to Equity
Capitalization Ratio
FCF to Total Debt
FCF to Short Term Debt
FCF to Long Term Debt
2006-2010
-7.1%
10.7%
24.2%
13.4%
11.3%
59.3%
44.1%
15.4%
11.9%
2.2%
17.2%
6.8%
2002-2009
1.5%
10.5%
18.7%
11.3%
8.2%
30.8%
41.0%
0.0%
9.6%
2.4%
25.3%
6.8%
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
$16,510.63
2022
$ 30,156.53
$17,959.08
2023
$ 30,156.53
$19,534.60
2024
$ 30,156.53
$20,571.10
2025
$ 30,156.53
$22,195.30
2026
$ 30,156.53
$23,947.74
2027
$ 30,156.53
$25,838.55
2028
$ 30,156.53
$26,287.77
2029
$ 30,156.53
$28,155.78
2030
$ 30,156.53
$30,156.53
2031
$ 30,156.53
Calculation
Total Cash
$
MAX(0,Current Liabilities-Current Assets)
$
Excess Cash
$
Adding some Intangibles
$
Present Value
$
Shares Outstanding
Per Share Value
$
Desired Margin of Safety
Purchase Price
$
Current Price
$
Margin of Safety
Discount Rates
5% $
7% $
Growth Rates
9%
$
11% $
13% $
241.02
268.96
300.31
222.05
247.24
275.46
$
$
$
$
$
$
9%
166.81
184.95
$
$
10%
155.46 $
171.95 $
11%
145.34
160.38
205.28
$
$
$
190.41
211.05
234.12
177.18
195.94
216.89
228.05
253.53
$
$
$
Discount Rates
Variable Fields
0%
10%
10%
8%
179.57 $
199.59 $
5%
7%
193.97 $
216.13 $
Growth Rates
7%
8%
9%
10%
11%
-2.6%
-10.9%
-19.4%
-28.1%
-37.0%
7%
7.9%
0.2%
-7.6%
-15.8%
-24.1%
9%
17.4%
26.0%
33.7%
10.3%
19.5%
27.7%
3.0%
-4.6%
5.7%
15.0%
-12.4%
-1.6%
8.2%
11%
13%
12.7%
21.5%
M.O.S
66%
Enter Ticker
Projection
EPS
9.0%
Linear
Regression
$12.05
9.0%
Help
9/6/2012
Growth
Refresh
CLEAR
Current Price
Intrinsic $
Buy Under
$199.10
$245.19
$83.36
Corp Bond
3.46
19%
$210.69
$158.76
5 Yr EPS Growth
2006-2010
17.2%
2007-2011
16.1%
2006-2009
17.9%
2007-2010
17.1%
2008-2011
13.5%
2006-2008
20.9%
2007-2009
18.1%
2008-2010 2009-2011
13.6%
14.2%
10 Yr EPS Growth
2002-2009
25.3%
2003-2010
15.0%
2004-2011
14.9%
2002-2007
28.4%
2003-2008
15.6%
2004-2009
15.2%
2005-2010
18.7%
2006-2011
16.4%
2002
2.06
2012E
Forecast Method
$
13.57
Linear Regression Method $
12.05
Analyst Estimate
$
Diltued EPS
2003
4.32
2013E
$
14.79
$
13.13
$
$
2004
$
4.93
2005
4.88
2006
6.11
2007
$
$8.93
$
$
12.05
9.00%
3.46
245.19
66%
83.36
$199.10
19%
10%
10%
$4.32
$4.93
$4.88
2003
2004
2005
$6.11
$10.01
2008
8.93
2009
10.01
$7.18
$2.06
2002
2006
2007
2008
2009
2010
2011
2012
2013
EPS
Growth
Normal Earnings
Growth Rate
Corp Bond Rate
Per Share Value
MOS
Purchase Price
Current Price
Actual Discount
7.18
7.2%
8.1%
9.0%
9.9%
11.9%
$
$
$
9.64
174.08
185.12
$
$
$
10.85
195.84
208.26
$
$
$
$
$
196.15
207.18
231.46
$
$
$
220.67
233.08
260.39
$
$
12.05
217.60
231.40
$ 245.19
258.98
289.32
$
$
$
13.26
239.36
254.54
$
$
$
14.46
261.12
277.67
$
$
$
269.71
284.88
318.25
$
$
$
294.23
310.78
347.19
Median
17.1%
Median
16.4%
2010
11.52
2011
13.06
TTM
$ 13.72
Current EPS
Exp Growth
International Business Machines
Corp.
11%
(IBM)
9/6/2012
Enter Ticker
Dividend Yield
Excellent
Above Average
Excellent
16 of 20 pts
12 of 20 pts
18 of 20 pts
Current Price
Fair Value
Fair Value PE
Current PE
FV Exp Grth
M.O.S
$199.10
$256.01
18.66
14.48
18%
22%
2007
36.59%
2008
91.60%
1
11.26%
1
20.75%
1
21.37%
0
8.65%
13.90%
7.40%
16 pts out of 20
2007
1.20
2009
59.31%
1
12.31%
1
22.86%
1
11.10%
1
2009
1.36
1
3.82
1
0.97
1
19.33%
1
1.15
0
7.13
0
1.69
0
14.50%
1
3.23
0.43
11.51%
12 pts out of 20
Adjusted Base PE
Excellent
0.94
Above Average
0.98
Excellent
0.92
18%
2011
78.73%
1
13.62%
1
20.43%
1
16.84%
0
TTM
AVERAGE
79.50%
68.3%
1
5
14.30%
12.2%
1
5
20.54%
19.8%
1
5
17.87%
15.0%
0
1
2008
44.06%
1
11.90%
1
$8.93
1
$18,811.00
1
2010
1.19
0
3.92
0
0.95
1
16.37%
1
2009
45.72%
1
14.02%
1
$10.01
1
$20,773.00
1
2011
1.21
1
4.78
0
1.14
0
15.76%
1
TTM
AVERAGE
1.22
1.22
1
3
4.56
4.57
1
2
1.21
1.06
0
2
16.48%
15.7%
1
5
2.0%
3.0%
5.0%
2010
2011
TTM
AVERAGE
46.07%
46.89%
47.40%
45.4%
1
1
1
5
14.85%
14.83%
15.34%
13.6%
1
0
1
4
$11.52
$13.06
$13.72
10.74
1
1
1
5
$19,549.00 $19,846.00 $20,501.00 19261.50
0
1
1
4
P/E
7.00
7.65
8.30
8.95
9.60
10.25
10.90
11.55
12.20
12.85
13.50
14.15
14.80
15.45
16.10
16.75
17.40
17.90
18.40
18.90
19.40
19.90
21%
20.40
20.90
21.40
21.90
22%
23%
24%
25%
STDEV
0.07
1.37
0.41
2.6%
12
Excellent 8% Factor
14.48
1.50
=
15.98
x
[1 + (1 - 0.94)]
x
[1 + (1 - 0.98)]
x
[1 + (1 - 0.92)]
=
18.66
STDEV
19.4%
16
Above Average
2% Factor
2010
64.36%
1
13.07%
1
20.30%
1
15.13%
0
Excellent 6% Factor
2008
Business Risk
Premium/Discount Factor:
Financial Risk
Premium/Discount Factor:
Earnings Predictability
Premium/Discount Factor:
Adjusted Fair Value PE
Earnings
Predictability
CLEAR
Earnings Growth
Dividend Yield
Financial Risk
1.61%
Current PE
Refresh
Business Risk
STDEV
1.9%
1.9%
2.50
1703.70
18
0.65
0.50
Dividend Yield
0.0%
0.1%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
10.0%
Shares Out.
Main. Capex
Normalized Income
1,142.78
$3,768.52
$16,965.52
Current Price
EPV
$199.10
$108.79
$67.12
1142.78
Discount Rate
R&D Years
SG&A %
9%
25%
EPV MOS
NCAV
52 Wk High
52 Wk Low
0.0%
($59.10)
$210.69
$158.76
9/6/2012
Figures in Millions except per share values
Enter Ticker
Refresh
CLEAR
Help
Shares Outstanding
Balance Sheet Assets
Adjusted Assets
Total Liabilities
Total Equity
Average SGA %
$
$
$
$
Marketing/Brand Value
$ 23,673.6
Data: EPV
R&D Value
Cash Needed for Business
Interest Bearing Debt
Non Interest Bearing Debt
Excess Cash
$ 14,546.4
$ 1,061.0
$ 32,435.0
$ 48,523.0
$ 9,048.7
Cost of Capital
Normalized Adjusted Income
Average Maintenance Capex
Interest Bearing Debt
1% of sales
Cash & Equiv
Adjustments:
Assets
Cash & Equivalents
Marketable Securities
Accounts Receivable
Other Receivable
Net Receivables
$
323.0
$ 11,875.0
$
$ 11,875.0
$
$
$
$
$
$
9.0%
16,965.5
3,768.5
32,435.0
1,061.0
11,187.0
$60
$40
$20
$0
Book Value
(22,309.0)
1142.78
Net Repro
Value
EPV
Calculation: EPV
$
2.36
$ (59.10)
$ 117.50
$ 35.80
$ 67.12
$
$
EPV
263,939.9
188,528.5
Per Share
$
230.96
$
164.97
+ Cash - Debt
$
241,630.9
$
166,219.5
9%
11%
13%
$
$
$
$
Per Share
211.44
145.45
146,633.3
128.31
119,972.7
101,515.3
$
$
104.98
88.83
$
$
124,324.3
108.79
97,663.7
79,206.4
$
$
85.46
69.31
Q2
Book Value
$ 10,864.0
$120
$80
Cash - Debt
Shares
Total
Per Share
$ (28,698) $ (25.11)
$
2,695
$ (67,540)
$ 134,275
$ 40,915
$ 76,703
15,388.0
16,228.2
19,533.2
11,609.5
22,068.6
$100
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Fixed BV
Multiplier
Reproduction
Asset Value
$
10,864.0
$
$
$
$
323.0
11,875.0
11,875.0
2,006.0
752.0
2,758.0
5,112.0
1,478.0
32,410.0
27,735.0
3,658.0
31,393.0
13,865.0
18,387.0
96,055.0
$
$
$
$
$
$
$
$
$
$
$
2,758.0
5,112.0
1,478.0
32,410.0
27,735.0
3,658.0
31,393.0
13,865.0
18,387.0
96,055.0
Adjustments:
Liabilities & Equity
Accounts Payable
Accrued Expenses
Accrued Liabilities
Notes Payable/Short Term Debt
Current Port. of LT Debt/Capital
Leases
Other Current Liabilities
Total Current Liabilities
Long-Term Debt
Capital Lease Obligations
Deferred Income Taxes
Total Other Liabilities
Total Liabilities
Common Stock Equity
Retained Earnings
Total Capitalization
Total Equity
Total Liabilities & Equity
Book Value
$
7,482.0
$
$
9,258.0
Fixed BV
Multiplier
Reproduction
Liability Value
$
7,482.0
$
$
9,258.0
7,669.0
7,669.0
$
$
$
$
$
$
$
$
$
$
$
$
$
2,183.0
26,592.0
24,766.0
29,600.0
93,360.0
20,472.0
109,928.0
45,238.0
20,472.0
113,832.0
$
$
2,183.0
26,592.0
$
$
$
$
24,766.0
29,600.0
93,360.0
$
$
$
20,472.0
109,928.0
45,238.0
$
$
2,695.0
113,832.0
Refresh
Current Price
NNWC
NNWC %
NCAV
NCAV %
$199.10
-$53.07
0.0%
-$40.22
0.0%
CLEAR
BV
Multiplier
100%
Help
$
$
$
$
$
$
$
$
$
$
$
$
$
$
BV
10,864.00
323.00
26,857.00
26,857.00
2,006.00
752.00
2,758.00
47,392.00
113,832.00
93,360.00
1,142.78
75%
$
20,142.75
50%
$
1,379.00
$ 47,392.00
$ 113,832.00
$ 93,360.00
1,142.78
Total ($m)
$
47,392.00
227.5B
$
20,472.00
$
(60,651.25)
$
$
$
$
$
(45,968.00) $
Per Share
41.47
199.10
17.91
(53.07)
0%
(40.22)
0%
Refresh
CLEAR
Help
Piotroski Score
A discrete score between 0-9 which reflects nine criteria used to determine the strength of a firm's financial position. The Piotroski score is used to determine the best value stocks, nine being the best.
The score was named after Chicago Accounting Professor, Joseph Piotroski who devised the scale according to specific criteria found in the financial statements. For every criteria (below) that is met
the company is given one point, if it is not met, then no points are awarded. The points are then added up to determine the best value stocks.
Profitability
* Positive return on assets in the current year (1 point)
* Positive operating cash flow in the current year (1 point)
* Higher return on assets (ROA) in the current period compared to the ROA in the previous year (1 point)
* Cash flow from operations are greater than ROA (1 point)
Leverage, Liquidity and Source of Funds
* Lower ratio of long term debt to in the current period compared value in the previous year (1 point)
* Higher current ratio this year compared to the previous year (1 point)
* No new shares were issued in the last year (1 point)
Operating Efficiency
* A higher gross margin compared to the previous year (1 point)
* A higher asset turnover ratio compared to the previous year (1 point)
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TTM
Piotroski F Scores
1
1
1
1
1
1
0
0
0
1
1
1
1
1
0
0
0
1
1
1
1
1
1
0
1
1
1
1
1
0
1
0
1
1
1
0
1
1
1
1
1
0
1
1
1
1
1
0
1
0
1
1
1
0
1
1
1
1
0
0
1
1
1
1
1
1
1
1
1
1
1
0
1
1
1
1
1
0
1
1
1
1
1
1
1
0
1
1
1
1
1
1
1
1
0
1
1
1
1
Altman Z Score
The Z-score formula may be used to predict the probability that a firm will go into bankruptcy within two years.
Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distress status of companies in academic studies. The Z-score uses multiple corporate income
and balance sheet values to measure the financial health of a company.
The main problem with the Altman Z formula is that the formula is not suited for many industries. Industries that operate with high leverage, such as radio and utilities will show a higher risk of
bankruptcy.
Also, industries with negative working capital, such as many retail and restaurant companies will also exhibit the same high level of bankruptcy.
(Wikipedia http://en.wikipedia.org/wiki/Z-Score_Financial_Analysis_Tool)
Annual
Working Capital
Total Assets
Total Liabilities
Retained Earnings
EBITDA
Market Value of Equity
Net Sales
2002
$ 7,102.0
$ 96,484.0
$ 73,702.0
$ 31,555.0
$
873.0
$132,330.4
$ 81,186.0
$
$
$
$
$
$
$
2003
7,098.0
104,457.0
76,593.0
37,525.0
930.0
140,715.5
89,131.0
2.49
3.50
2.57
3.61
X1
X2
X3
X4
X5
0.08
0.90
0.18
2.27
0.92
0.07
0.97
0.05
2.44
0.23
$
$
$
$
$
$
$
2004
7,172.0
109,183.0
79,436.0
44,525.0
1,192.0
144,895.3
96,293.0
2.66
3.75
$
$
$
$
$
$
$
2005
10,509.0
105,748.0
72,650.0
44,734.0
3,070.0
123,553.6
91,134.0
2006
$ 4,569.0
$103,234.0
$ 74,727.0
$ 52,432.0
$ 1,659.0
$137,068.4
$ 91,424.0
2.69
4.01
2.80
3.98
$
$
$
$
$
$
$
MRQ
2007
8,867.0
120,431.0
91,961.0
60,640.0
1,584.0
132,157.7
98,786.0
2008
$ 6,569.0
$ 109,524.0
$ 96,059.0
$ 70,353.0
$ 19,970.0
$ 109,367.3
$ 103,630.0
2009
$ 12,933.0
$ 109,022.0
$ 86,385.0
$ 80,900.0
$ 18,540.0
$ 167,280.1
$ 95,758.0
2.52
3.72
3.20
4.91
3.78
6.37
Altman Z Score
2010
$ 7,554.0
#########
$ 90,406.0
$ 92,532.0
$ 20,091.0
#########
$ 99,871.0
2011
$ 8,805.0
$ 116,433.0
$ 96,295.0
$ 104,857.0
$ 21,414.0
$ 218,842.4
$ 106,916.0
Q2
$ 8,489.0
$ 113,832.0
$ 93,360.0
$ 109,928.0
$ 5,567.0
$ 227,527.5
$ 25,783.0
4.24
7.05
3.29
6.53
3.91
6.43
Annual
MRQ
Annual
MRQ
4.24
3.29
7.05
6.53
When Z is 1.1 to 2.6, the company is probably safe from bankruptcy, but this is in the grey area and caution should be taken.
MRQ Edit
When Z is below 1.1, the company is highly likely to be bankrupt. If a company is generating lower than 1.8, serious studies must be performed to ensure the company can survive.
M Score - 5 Variable
M Score - 8 Variable
DSRI
GMI
AQI
SGI
DEPI
SGAI
TATA
LVGI
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TTM
-2.86
-2.68
-2.95
-2.78
-3.09
-2.96
-2.88
-2.69
-2.87
-2.66
-3.02
-2.86
-2.96
-2.79
-2.84
-2.61
-2.91
-2.62
-2.98
-2.73
0.96
1.01
1.02
1.10
0.96
0.87
-0.07
0.93
0.90
0.99
1.01
1.08
1.03
1.01
-0.06
0.95
0.92
0.93
1.02
0.95
0.89
1.16
-0.07
0.96
1.10
0.96
0.98
1.00
1.09
0.95
-0.05
1.09
0.99
0.99
1.01
1.08
1.01
1.01
-0.05
1.07
0.91
0.96
0.97
1.05
0.94
1.01
-0.06
1.06
1.05
0.96
1.00
0.92
1.07
0.97
-0.07
0.89
1.01
0.99
1.07
1.04
1.02
1.00
-0.04
1.04
0.98
0.98
0.98
1.07
1.00
1.01
-0.03
1.01
0.92
0.99
1.04
0.99
1.02
1.00
-0.04
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
http://tinyurl.com/7ucpoe2
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TTM/MRQ
-2.7%
1.8%
-3.9%
-1.6%
-3.7%
-3.6%
-1.4%
1.3%
-6.0%
-2.4%
0.0%
14.0%
5.8%
12.2%
-2.2%
-0.8%
-33.8%
6.7%
2.6%
5.4%
-1.7%
-0.6%
11.5%
9.8%
3.3%
-3.7%
1.0%
0.3%
6.1%
9.8%
3.5%
Earnings
Stock Price
$
$
2.06
76.5
$
$
4.32
80.1
$
$
4.93
84.8
$
$
4.88
75.9
Total Assets
Cash & Equivalent
Total Liabilities
Short Term Debt
Long Term Debt
Net Operating Assets (NOA)
$
$
$
$
$
$
96,484.0
5,382.0
73,702.0
6,031.0
19,986.0
43,417.0
$
$
$
$
$
$
104,457.0
7,290.0
76,593.0
6,646.0
16,986.0
44,206.0
$
$
$
$
$
$
109,183.0
10,053.0
79,436.0
8,099.0
14,828.0
42,621.0
$
$
$
$
$
$
105,748.0
12,568.0
72,650.0
7,216.0
15,425.0
43,171.0
Net Income
CFO
CFI
$ 3,579.0 $
$ 13,066.0 $
$ (6,897.0) $
$
$
$
$
6.11
88.2
$
$
7.18
92.9
$103,234.0
$ 8,022.0
$ 74,727.0
$ 8,902.0
$ 13,780.0
$ 43,167.0
$
$
$
$
$
$
120,431.0
14,991.0
91,961.0
12,235.0
23,039.0
48,753.0
7,583.0 $
14,407.0 $
(5,122.0) $
8,430.0 $
15,323.0 $
(5,346.0) $
7,934.0 $ 9,492.0 $
14,914.0 $ 15,007.0 $
(4,423.0) $ (11,549.0) $
789.0 $
(1,702.0) $
(1,585.0) $
(1,547.0) $
550.0 $
(2,557.0) $
(4.0) $
6,034.0 $
$
$
8.93
79.2
$ 109,524.0
$ 12,741.0
$ 96,059.0
$ 11,236.0
$ 22,689.0
$ 34,649.0
$
$
10.01
124.7
$ 109,022.0
$ 12,183.0
$ 86,385.0
$ 4,168.0
$ 21,932.0
$ 36,554.0
$
$
11.52
143.7
#########
$ 10,661.0
$ 90,406.0
$ 6,778.0
$ 21,846.0
$ 41,009.0
$
$
13.06
180.3
$ 116,433.0
$ 11,922.0
$ 96,295.0
$ 8,463.0
$ 22,857.0
$ 39,536.0
$
$
13.72
199.1
$ 113,832.0
$ 10,864.0
$ 93,360.0
$ 7,669.0
$ 24,766.0
$ 42,043.0
1,905.0 $ 4,455.0
(619.0) $ 3,791.0
$ (1,473.0) $
$
405.0 $
2,507.0
3,998.0
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68 Earnings Date
Technology
Diversified
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USA
16-Oct-2012
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USA
22-Aug-2012
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65
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57
58
Price
Market Cap
Change
Volume
Change from Open
Gap
50-Day High
50-Day Low
52-Week High
52-Week Low
$199.10
$227,527.50
2.08%
3,924,692
1.45%
0.63%
-1.44%
9.95%
-4.70%
27.47%
$32.63
$159,316.31
1.75%
22,660,262
1.27%
0.47%
1.02%
18.82%
-2.88%
31.81%
$25.09
$125,550.28
2.89%
40,179,472
2.55%
0.33%
-6.71%
3.91%
-13.51%
35.34%
$19.73
$105,664.46
4.37%
59,370,816
3.43%
0.90%
1.73%
31.85%
-6.60%
33.95%
$17.59
$34,684.49
2.69%
23,089,900
1.50%
1.17%
-13.90%
4.89%
-40.73%
4.89%
$676.27
$633,942.28
0.90%
13,947,059
0.44%
0.46%
-0.68%
20.08%
-0.68%
91.73%
$31.34
$262,777.67
3.14%
48,338,572
2.77%
0.36%
1.24%
10.56%
-3.60%
32.77%
$10.52
$18,247.99
0.00%
25,479,626
-0.38%
0.38%
-17.62%
0.38%
-42.70%
0.38%
$43.11
$10,659.38
3.04%
4,773,088
4.28%
-1.20%
-6.16%
52.28%
-6.16%
90.42%
$31.70
$12,593.46
-2.55%
18,353,036
1.44%
-3.93%
-11.23%
39.99%
-11.23%
264.24%
7
8
9
10
11
12
13
14
15
P/E
Forward P/E
PEG
P/S
P/B
P/Cash
P/Free Cash Flow
Dividend Yield
Payout Ratio
14.48
12.0
1.4
2.1
11.1
20.3
18.8
1.7%
22.1%
16.7
11.2
1.4
4.3
3.7
5.2
13.4
0.7%
12.0%
10.6
9.9
1.0
2.3
2.6
9.2
24.1
3.6%
34.1%
13.2
9.4
1.5
2.3
2.1
2.2
11.9
2.8%
18.7%
0.0
4.2
0.0
0.3
1.1
3.7
9.4
3.0%
0.0%
15.9
12.9
0.8
4.3
5.7
22.9
15.2
0.0%
6.2%
15.7
9.5
1.7
3.6
4.0
4.2
11.5
2.6%
39.6%
6.2
5.8
1.3
0.3
1.9
1.5
7.2
0.0%
0.0%
6.7
5.2
0.4
0.9
1.4
3.3
4.5
0.0%
0.0%
4.9
4.6
0.2
0.8
3.6
6.0
5.6
4.0%
12.8%
16
17
18
19
20
21
22
23
EPS (ttm)
EPS growth this year
EPS growth next year
EPS growth past 5 years
EPS growth next 5 years
Sales growth past 5 years
EPS growth quarter over quarter
Sales growth quarter over quarter
$13.75
13.37%
9.78%
16.60%
10.62%
3.18%
11.35%
-3.31%
$1.96
17.53%
9.77%
19.28%
11.76%
15.58%
10.47%
1.31%
$2.36
18.84%
6.72%
22.76%
10.72%
8.82%
0.16%
3.60%
$1.49
27.54%
7.18%
4.92%
8.87%
5.69%
59.73%
4.42%
($2.84)
-61.99%
3.45%
8.85%
3.40%
6.78%
-585.30%
-4.87%
$42.54
82.63%
19.02%
64.95%
21.05%
41.16%
19.57%
22.58%
$2.00
-25.91%
9.60%
7.01%
9.03%
7.60%
-108.51%
3.98%
$1.69
39.82%
2.84%
10.63%
4.90%
1.57%
-12.22%
-7.50%
$6.45
112.98%
-10.46%
21.40%
15.13%
17.94%
329.80%
97.84%
$6.45
493.10%
-8.39%
33.07%
25.67%
5.63%
785.15%
56.77%
14.32%
74.65%
21.93%
13.14%
23.92%
16.44%
17.90%
25.42%
21.09%
8.99%
16.32%
11.20%
-4.58%
-15.78%
-7.52%
29.77%
44.32%
38.27%
14.77%
27.51%
20.15%
7.06%
33.45%
13.50%
14.44%
24.50%
20.00%
29.61%
96.04%
45.89%
1.2
1.2
1.2
1.6
2.6
2.6
0.3
0.4
2.5
2.0
0.2
0.2
3.5
3.4
0.3
0.3
1.1
1.0
0.8
0.9
1.6
1.5
0.0
0.0
2.6
2.6
0.2
0.2
1.3
1.2
0.6
0.9
1.8
1.5
0.3
0.3
1.9
1.6
0.8
0.8
39 Gross Margin
40 Operating Margin
41 Profit Margin
47.40%
20.07%
15.34%
78.83%
36.93%
26.89%
63.80%
30.83%
22.73%
61.24%
21.82%
17.46%
22.33%
-3.08%
-4.54%
44.11%
35.62%
26.97%
76.22%
29.52%
23.03%
21.66%
6.30%
5.01%
29.16%
14.19%
12.92%
31.36%
20.81%
19.16%
24
25
26
27
28
29
30
31
Shares Outstanding
Shares Float
Insider Ownership
Insider Transactions
Institutional Ownership
Institutional Transactions
Float Short
Short Ratio
1,142.78
1,141.75
0.06%
-6.80%
59.82%
-1.12%
1.26%
4.0
4,882.51
3,796.64
22.64%
-0.05%
61.52%
-1.67%
1.08%
1.8
5,003.00
4,999.06
0.05%
53.33%
63.27%
1.00%
3.05%
4.3
5,356.88
5,350.94
0.06%
-5.58%
70.88%
-2.37%
1.07%
1.4
1,971.83
1,953.20
0.02%
-2.15%
76.30%
1.20%
3.47%
3.5
937.41
936.90
0.03%
21.62%
68.06%
-0.71%
1.42%
1.0
8,383.40
7,584.90
5.54%
-7.93%
67.61%
0.51%
1.09%
2.2
1,734.60
1,508.35
0.31%
-3.24%
69.68%
-2.10%
2.99%
2.3
247.26
234.31
0.20%
22.25%
78.57%
-6.35%
2.36%
1.3
397.27
344.69
12.29%
-12.05%
74.10%
-45.67%
6.81%
2.0
42
43
44
45
46
46
48
49
50
51
52
53
54
59
62
63
64
Performance (Week)
Performance (Month)
Performance (Quarter)
Performance (Half Year)
Performance (Year)
Performance (Year)
Beta
Average True Range
Volatility (Week)
Volatility (Month)
20-Day Simple Moving Average
50-Day Simple Moving Average
200-Day Simple Moving Average
Relative Strength Index (14)
Analyst Recom
Average Volume
Relative Volume
2.06%
0.01%
2.84%
0.49%
20.96%
20.96%
0.66
2.45
1.44%
1.11%
0.87%
2.73%
2.95%
59.93
2.50
3,625.54
1.08
3.62%
3.59%
20.32%
8.95%
19.09%
19.09%
1.12
0.53
1.63%
1.50%
3.09%
6.99%
12.94%
66.34
2.00
23,009.11
0.98
1.72%
-5.30%
-2.39%
-5.02%
29.16%
29.16%
1.08
0.49
2.49%
1.68%
-2.16%
-2.17%
-3.00%
46.88
2.40
35,633.96
1.13
2.73%
15.08%
19.55%
1.10%
26.20%
26.20%
1.25
0.42
1.98%
1.78%
6.15%
14.45%
7.43%
70.39
2.20
41,024.68
1.45
4.08%
-5.89%
-20.84%
-27.01%
-24.02%
-24.02%
1.04
0.54
1.86%
2.42%
-4.69%
-6.17%
-24.71%
42.16
2.80
19,582.40
1.18
0.42%
9.38%
18.79%
25.31%
76.90%
76.90%
1.23
10.42
1.35%
1.44%
3.64%
9.18%
25.92%
66.72
1.80
13,548.60
1.03
2.27%
4.27%
7.94%
-0.78%
23.89%
23.89%
1.01
0.46
1.78%
1.31%
2.83%
4.63%
6.85%
62.90
1.90
37,865.85
1.28
-3.31%
-13.42%
-13.27%
-38.87%
-27.70%
-27.70%
1.40
0.27
1.88%
2.21%
-9.55%
-11.58%
-28.49%
24.73
2.30
19,515.54
1.31
-0.90%
3.26%
39.88%
10.60%
51.32%
51.32%
1.42
1.20
3.42%
2.63%
-1.21%
13.92%
18.85%
59.19
2.20
4,252.86
1.12
-5.63%
-1.77%
41.27%
15.36%
191.36%
191.36%
2.38
1.15
3.52%
3.05%
-6.06%
7.03%
26.98%
47.02
2.60
11,642.50
1.58
32 Return on Assets
33 Return on Equity
34 Return on Investment
35
36
37
38
Current Ratio
Quick Ratio
LT Debt/Equity
Total Debt/Equity
Technology
Application
Software
Technology
Technology
Networking &
Semiconductor Communication
Broad Line
Devices
USA
USA
16-Oct-2012
15-Aug-2012
VIFL
GCO
DF
AAPL
TSCO
AKAM
LABL
PETM
TDG
ALGT
JCTCF
UFPT
PRX
BBBY
HPOL
WAB
IHS
PNRA
VMI
TSS
UNP
NUS
MDT
MED
dps
DJCO
BKE
CATO
RKT
HAE
SNPS
THOR
ADBE
ROL
CATO
BP
JKHY
JAKK
BLL
SPAR
LPNT
TTEK
PKG
SLGN
MTZ
MD
CHE
VIFL
QSFT
ITI
BG
AEY
SYNT
THS
TECH
SHOO
SNX
CUB
QSII
ADBE
SNP
BMS
ESE
CMTL
PTR
OMI
CACI
2
Company
Add Stock to DB
3
Sector
5
Country
68
Earnings
Date
Date
Added
25-Jul-10
25-Jul-10
20-Nov-10
26-Feb-11
13-Feb-11
9-Aug-11
25-Jul-10
20-Feb-11
12-Feb-11
11-Feb-11
25-Jul-10
3-Dec-10
23-Feb-11
7-Feb-11
3-Dec-10
20-Feb-11
13-Feb-11
26-Feb-11
13-Feb-11
20-Feb-11
26-Feb-11
21-Feb-11
30-Aug-10
18-Jun-11
9-Aug-11
25-Jul-10
13-Feb-11
14-Feb-11
14-Dec-10
21-Feb-11
23-Feb-11
20-Feb-11
26-Sep-10
20-Feb-11
25-May-11
13-Jul-10
21-Feb-11
25-Jul-10
13-Feb-11
25-Jul-10
23-Feb-11
21-Feb-11
9-Feb-11
21-Feb-11
21-Feb-11
20-Feb-11
13-Feb-11
8-Aug-11
21-Feb-11
25-Jul-10
22-Nov-10
12-Jul-12
11-Feb-11
23-Feb-11
13-Feb-11
26-Feb-11
21-Feb-11
21-Feb-11
22-Aug-12
7-Apr-12
26-Feb-11
15-Feb-11
23-Feb-11
3-Dec-10
26-Feb-11
21-Feb-11
21-Feb-11
65
Price
Average
Valuation
Target
$3.88
$32.93
$22.87
$369.26
$31.52
$22.54
$13.09
$35.39
$34.07
$42.62
$9.97
$18.02
$38.40
$45.05
$0.63
$42.75
$49.20
$69.92
$76.74
$16.57
$81.67
$30.30
$41.96
$25.41
$32.80
$74.29
$43.55
$27.29
$67.75
$45.33
$28.36
$19.41
$30.49
$12.26
$35.79
$52.93
$24.85
$20.06
$37.09
$8.04
$36.79
$20.86
$34.48
$28.68
$8.68
$78.13
$57.20
$5.98
$21.77
$2.46
$34.91
$17.60
$46.35
$31.67
$54.13
$36.56
$38.08
$49.98
$25.27
$41.00
$147.53
$17.25
$30.34
$46.52
$227.77
$29.11
$58.98
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
6.14
70.86
16.60
676.27
100.88
39.21
22.36
71.34
140.41
67.25
10.40
16.73
49.87
69.67
1.20
80.28
118.30
155.36
132.60
23.53
121.24
42.98
41.58
28.03
45.44
95.00
44.83
31.75
68.26
76.21
34.10
35.58
32.79
24.27
31.75
41.18
38.10
16.59
42.69
5.08
41.90
27.17
32.90
42.40
18.63
71.87
68.46
6.14
27.95
1.61
64.08
2.17
60.20
52.16
71.72
44.78
34.78
50.85
18.97
32.79
89.92
30.76
36.99
28.36
119.02
28.58
53.80
Added
Price
$1.97
$28.59
$7.73
$348.16
$53.69
$21.09
$12.23
$41.70
$81.53
$41.49
$7.10
$11.62
$34.94
$48.32
$0.88
$57.56
$82.31
$116.31
$94.16
$17.63
$94.03
$32.54
$32.25
$22.10
$35.65
$72.50
$37.65
$24.48
$55.06
$61.86
$27.67
$28.52
$26.88
$19.84
$25.90
$36.76
$32.29
$14.53
$37.03
$4.42
$36.35
$23.34
$28.88
$38.49
$16.67
$65.54
$62.68
$5.91
$26.83
$1.45
$61.39
$2.10
$57.24
$51.50
$68.38
$42.80
$34.99
$50.75
$18.29
$33.59
$101.39
$32.72
$38.31
$30.70
$134.27
$31.42
$58.78
Price
Change
%
211.7%
147.8%
114.7%
94.2%
87.9%
85.9%
82.8%
71.1%
72.2%
62.1%
46.5%
44.0%
42.7%
44.2%
36.4%
39.5%
43.7%
33.6%
40.8%
33.5%
28.9%
32.1%
28.9%
26.8%
27.5%
31.0%
19.1%
29.7%
24.0%
23.2%
23.2%
24.8%
22.0%
22.3%
22.6%
12.0%
18.0%
14.2%
15.3%
14.9%
15.3%
16.4%
13.9%
10.2%
11.8%
9.7%
9.2%
3.9%
4.2%
11.0%
4.4%
3.3%
5.2%
1.3%
4.9%
4.6%
-0.6%
0.2%
3.7%
-2.4%
-11.3%
-6.0%
-3.4%
-7.6%
-11.4%
-9.0%
-8.5%
NCAV
$0.42
$5.59
($25.68)
$12.86
$7.05
$3.09
($6.42)
($1.49)
($59.43)
$0.00
$6.93
$4.18
$7.97
$8.59
($0.11)
($1.93)
($6.64)
$0.05
($1.42)
$0.06
($44.59)
$0.24
($3.76)
$3.09
($23.95)
$36.03
$3.49
$7.28
($30.69)
$10.67
$0.93
$6.10
$0.85
($1.16)
$7.43
($22.28)
($3.94)
$7.59
($17.03)
$1.81
($27.36)
$1.06
($4.00)
($10.31)
($3.58)
($6.13)
($3.90)
$0.87
$0.85
$0.23
$14.18
$2.64
$7.44
($27.44)
$6.47
$8.41
$19.86
$7.46
$2.72
$0.72
($45.62)
($8.72)
($4.19)
$16.80
($28.84)
$7.04
($10.25)
DCF
$4.49
$29.30
$42.38
$431.84
$22.93
$20.42
$17.69
$44.53
$61.33
$40.16
$11.53
$18.31
$33.90
$48.19
$1.10
$43.83
$58.40
$72.36
$42.74
$17.37
$100.53
$27.43
$50.24
$24.87
$31.11
$65.42
$51.46
$30.18
$51.92
$56.27
$31.75
$25.02
$35.70
$12.75
$36.73
$54.46
$34.48
$27.21
$42.53
$8.61
$48.08
$19.94
$24.89
$32.26
$15.99
$71.96
$56.21
$4.63
$20.08
$2.03
($3.48)
$44.63
$46.02
$47.92
$56.37
$39.71
$36.08
$58.77
$31.18
$45.75
$152.59
$22.91
$33.15
$59.78
$215.63
$28.96
$53.80
Graham
Price
$1.94
$34.74
$23.94
$475.88
$41.34
$31.99
$21.09
$33.76
$53.58
$54.38
$6.39
$23.98
$59.89
$49.97
($0.33)
$57.46
$62.41
$90.64
$133.09
$22.27
$89.56
$26.13
$44.78
$32.89
$33.73
$72.05
$54.67
$22.52
$83.19
$48.12
$23.21
$14.75
$36.85
$15.29
$37.95
$61.04
$29.43
$16.14
$53.64
$11.84
$57.15
$28.47
$70.83
$46.48
$5.25
$102.39
$62.64
$8.00
$20.55
$2.90
$94.17
$4.00
$67.08
$49.86
$69.22
$37.38
$56.94
$41.56
$27.20
$51.79
$171.46
$15.99
$38.98
$44.56
$235.29
$32.41
$64.57
EPV
$5.20
$34.75
$2.29
$200.07
$30.28
$15.21
$0.50
$27.89
($12.70)
$33.33
$12.00
$11.78
$21.42
$36.99
$1.12
$26.95
$26.80
$46.75
$54.39
$10.06
$54.93
$37.34
$30.87
$18.47
$33.55
$85.40
$24.51
$29.17
$68.14
$31.61
$30.11
$18.46
$18.93
$8.75
$32.69
$43.28
$10.63
$16.83
$15.10
$3.67
$5.13
$14.18
$7.71
$7.31
$4.81
$60.03
$52.74
$5.30
$24.67
$2.44
$14.04
$4.17
$25.95
($2.77)
$36.81
$32.59
$21.21
$49.62
$17.43
$25.46
$118.55
$12.86
$18.88
$35.22
$232.39
$25.95
$58.57
6.00
Market Cap
$17.38
$1,735.36
$3,062.70
$633,942.28
$7,151.38
$6,951.97
$360.67
$7,718.27
$7,225.50
$1,293.22
$24.75
$112.43
$1,836.71
$16,173.89
$68.68
$3,844.61
$7,779.41
$4,604.87
$3,527.16
$4,425.29
$57,420.48
$2,573.64
$42,621.17
$435.31
$9,567.39
$131.10
$2,148.25
$929.64
$4,830.76
$1,947.93
$5,015.77
$2,092.82
$16,124.81
$3,545.12
$929.64
$130,650.96
$3,282.31
$365.31
$6,605.42
$172.06
$2,048.07
$1,729.37
$3,228.81
$2,944.26
$1,413.46
$3,573.38
$1,307.59
$17.38
$2,370.86
$54.13
$9,358.24
$22.11
$2,518.17
$1,886.11
$2,641.45
$2,051.37
$1,297.99
$1,359.73
$1,125.68
$16,124.81
$77,963.34
$3,176.89
$989.11
$509.35
$217,831.59
$1,814.83
$1,219.65
67
Volume
5,705
430,800
3,339,079
13,947,059
587,841
3,527,293
26,223
816,152
364,886
120,150
2,400
25,219
940,769
2,156,590
38,537
274,737
287,267
532,583
91,479
1,622,650
1,813,124
875,109
4,417,653
202,159
1,444,610
612
328,459
183,852
893,658
167,554
1,198,499
609,886
4,574,099
207,685
183,852
4,970,830
370,847
145,493
624,106
105,519
137,880
201,246
922,215
202,518
863,659
396,897
106,162
5,705
1,209,430
49,191
732,356
22,300
101,452
222,891
125,812
423,982
134,277
141,040
1,108,189
4,574,099
96,244
552,537
158,705
92,644
150,865
615,622
506,396
57
52-Week
High
58
52-Week
Low
-22.57%
-10.27%
-5.14%
-0.68%
0.11%
0.17%
-19.41%
-1.60%
-1.91%
-11.43%
-11.86%
-16.18%
-4.70%
-8.14%
-11.11%
-3.06%
2.58%
-6.40%
-2.27%
-6.11%
-4.00%
-30.04%
-0.50%
-3.81%
-0.89%
-3.07%
-9.48%
-1.76%
-7.32%
0.87%
0.53%
-6.54%
-5.72%
0.75%
-1.76%
-12.81%
0.38%
-17.16%
-1.84%
-23.02%
-0.69%
-2.96%
0.83%
-5.75%
-18.00%
-5.26%
1.78%
-22.57%
-0.13%
0.62%
-8.34%
-14.90%
-6.85%
-22.44%
-5.27%
-2.01%
-21.40%
-1.83%
-62.01%
-5.72%
-25.84%
-6.63%
-3.19%
-18.21%
-19.19%
-8.75%
-14.75%
20.87%
56.70%
112.01%
91.73%
79.14%
114.84%
24.29%
84.09%
88.98%
53.19%
39.60%
32.25%
100.68%
31.08%
344.44%
62.88%
69.73%
54.56%
82.65%
43.84%
59.43%
16.03%
37.51%
116.11%
34.49%
51.90%
36.83%
50.88%
58.59%
38.59%
48.00%
27.80%
43.25%
42.27%
50.88%
27.94%
41.84%
26.34%
45.17%
42.27%
28.49%
56.96%
55.25%
25.46%
44.87%
21.32%
44.84%
20.87%
91.34%
49.07%
20.52%
14.21%
58.74%
13.02%
17.03%
61.08%
49.98%
39.23%
26.13%
43.25%
8.98%
16.80%
56.88%
14.90%
11.35%
12.95%
30.30%
7.00
P/E
17.54
17.24
0.00
15.90
28.50
37.70
18.48
24.02
25.07
19.38
12.38
11.15
24.45
16.43
0.00
18.00
59.45
29.99
13.12
18.67
15.68
13.60
12.64
29.82
16.29
22.30
13.71
14.24
19.01
32.71
26.23
26.36
21.02
33.25
14.24
7.65
21.40
0.00
15.81
42.33
12.07
17.20
22.53
18.68
19.61
15.69
15.18
17.54
465.92
32.20
13.43
14.47
16.27
18.97
23.59
18.74
8.00
15.00
15.55
21.02
7.02
19.59
22.42
19.69
10.72
15.53
9.01
8
Forward
P/E
0.00
12.63
12.48
12.88
23.30
20.21
9.51
18.77
17.75
12.01
0.00
9.96
13.09
13.48
0.00
14.03
24.04
22.65
14.44
16.34
12.74
11.71
10.86
16.89
14.11
0.00
12.85
13.57
10.42
18.91
14.96
20.10
12.37
29.24
13.57
7.89
17.97
12.11
12.78
12.10
11.29
14.15
13.77
13.38
10.47
13.51
14.20
0.00
15.53
13.42
8.77
0.00
14.68
16.25
20.03
14.63
8.09
15.13
13.55
12.37
6.13
13.61
14.23
19.56
7.73
13.29
8.03
9
PEG
0.00
1.02
0.00
0.76
1.60
2.88
9.24
1.42
1.03
0.78
0.00
0.00
3.54
1.29
0.00
1.18
3.42
1.62
1.06
2.27
1.13
0.96
2.03
1.84
2.09
0.00
1.61
1.42
2.54
2.65
3.09
2.04
1.94
3.32
1.42
1.60
1.95
0.00
1.67
3.02
1.32
1.32
2.58
2.28
2.45
1.13
1.01
0.00
35.84
0.92
1.34
0.00
0.99
1.83
2.02
1.42
0.80
5.77
0.99
1.94
0.00
3.02
1.28
0.56
0.73
1.93
0.82
10
P/S
4.30
0.70
0.23
4.26
1.58
5.53
0.63
1.21
4.57
1.51
0.35
0.88
1.77
1.68
0.47
1.73
5.41
2.33
1.21
2.38
2.80
1.30
2.62
1.33
1.60
4.06
1.97
1.00
0.52
2.65
2.96
4.58
3.72
2.87
1.00
0.34
3.20
0.53
0.76
0.37
0.64
0.88
1.19
0.82
0.42
2.12
0.93
4.30
2.65
0.89
0.15
0.58
3.65
0.89
8.40
1.79
0.13
1.03
2.51
3.72
0.20
0.61
1.44
1.13
0.66
0.21
0.32
11
P/B
2.01
2.35
0.00
5.67
6.72
3.15
1.43
6.79
6.53
3.21
1.85
1.69
2.84
4.18
12.00
3.34
5.26
6.18
2.81
3.20
3.01
4.56
2.48
4.91
4.17
1.56
5.19
2.30
1.36
2.58
2.12
3.25
2.66
10.33
2.30
1.16
3.34
1.16
5.62
0.94
1.00
1.79
3.50
4.47
1.78
1.91
2.91
2.01
2.75
0.98
0.83
0.59
4.62
1.69
3.92
3.69
1.03
2.25
3.68
2.66
1.02
2.01
1.59
1.15
1.33
1.91
1.23
12
P/Cash
5.93
36.75
50.73
22.92
39.93
14.00
20.48
25.84
23.87
3.47
52.66
3.84
7.04
9.59
5.99
16.42
29.00
18.00
10.74
10.57
47.81
6.68
17.11
7.70
31.58
1.30
10.86
3.35
247.73
8.25
5.20
7.78
5.38
57.12
3.35
8.47
20.87
1.65
53.49
5.17
11.89
12.29
6.27
7.98
84.08
231.14
21.80
5.93
9.93
2.92
9.82
6.98
7.10
25.41
9.82
22.36
11.55
5.70
8.34
5.38
19.64
24.98
30.76
1.39
15.57
8.07
77.49
13
P/Free
Cash Flow
9.55
0.00
14.86
15.21
78.43
23.06
10.18
18.33
20.64
28.21
0.00
25.67
95.22
16.88
0.00
23.20
29.69
26.84
275.99
16.66
43.97
12.16
13.62
20.26
0.00
14.58
0.00
0.00
28.96
50.08
0.00
15.45
12.10
38.74
0.00
0.00
22.31
22.73
15.03
44.92
14.14
12.25
77.84
81.60
0.00
13.72
9.90
9.55
27.84
82.01
0.00
14.94
24.08
18.21
33.14
26.10
8.78
53.05
145.44
12.10
0.00
12.88
38.88
34.51
0.00
23.51
4.91
14
Dividend
Yield
0.00%
0.00%
0.60%
0.00%
0.79%
0.00%
0.89%
0.93%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.25%
0.00%
0.00%
0.68%
1.70%
1.98%
1.86%
2.50%
0.00%
2.99%
0.00%
1.78%
3.15%
1.17%
0.00%
0.00%
0.00%
0.00%
1.32%
3.15%
4.66%
1.21%
2.41%
0.94%
1.97%
0.00%
0.00%
3.04%
1.13%
0.00%
0.00%
1.05%
0.00%
0.00%
0.00%
1.69%
0.00%
0.40%
0.00%
1.56%
0.00%
0.00%
0.47%
3.69%
0.00%
5.30%
3.25%
0.87%
3.88%
4.21%
3.08%
0.00%
15
Payout
Ratio
0.00%
0.00%
0.00%
6.19%
15.34%
0.00%
16.51%
19.33%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.67%
0.00%
0.00%
7.54%
29.10%
29.20%
21.87%
29.66%
0.00%
46.68%
0.00%
24.53%
39.94%
22.64%
0.00%
0.00%
0.00%
0.00%
40.95%
39.94%
29.72%
24.56%
0.00%
12.24%
39.67%
0.00%
0.00%
61.43%
20.39%
0.00%
0.00%
13.79%
0.00%
0.00%
0.00%
20.94%
0.00%
6.46%
0.00%
36.46%
0.00%
0.00%
6.20%
57.28%
0.00%
35.52%
63.73%
19.16%
62.20%
0.00%
45.92%
0.00%
16
EPS (ttm)
$0.35
$4.11
-$7.94
$42.54
$3.54
$1.04
$1.21
$2.97
$5.60
$3.47
$0.84
$1.50
$2.04
$4.24
-$0.07
$4.46
$1.99
$5.18
$10.11
$1.26
$7.73
$3.16
$3.29
$0.94
$2.79
$4.26
$3.27
$2.23
$3.59
$2.33
$1.30
$1.35
$1.56
$0.73
$2.23
$5.38
$1.78
-$0.29
$2.70
$0.12
$3.47
$1.58
$1.46
$2.27
$0.95
$4.58
$4.51
$0.35
$0.06
$0.05
$4.77
$0.15
$3.70
$2.75
$3.04
$2.39
$4.35
$3.39
$1.22
$1.56
$12.80
$1.57
$1.65
$1.44
$11.10
$1.84
$5.97
17
EPS growth this
year
-17.78%
51.58%
-1920.99%
82.63%
33.98%
18.54%
-5.66%
26.75%
11.37%
-22.69%
154.09%
7.89%
-149.49%
32.32%
52.27%
37.29%
-0.21%
25.67%
140.74%
14.32%
21.58%
12.70%
14.08%
-2.96%
25.88%
2.19%
11.66%
10.64%
-51.52%
-17.02%
-5.66%
21.29%
12.18%
12.88%
10.64%
777.99%
11.96%
-79.28%
-10.50%
-89.44%
10.77%
15.92%
-21.37%
45.17%
16.63%
4.85%
15.53%
-17.78%
-53.23%
125.31%
-60.02%
-39.67%
7.88%
1.65%
0.47%
26.15%
25.25%
20.00%
21.12%
12.18%
-0.96%
-5.96%
16.35%
16.10%
-5.02%
3.72%
29.28%
jaetest
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