Escolar Documentos
Profissional Documentos
Cultura Documentos
(CSCENIC)
10/25/2013
Financial Year:
Price:
Board:
Industry:
Ownership:
2012 31/12/2012
1.22
Main Board
CONSUMER PRODUCTS
- Corporate Owned (Local)
Latest Quarter:
Stock Category:
FBMKLCI:
Sub-Sector:
6/30/2013
Fast Grower
NO
HOUSEWARES AND DURABLES
Prepared by:
L. C. Chong
L. C. Chong
Website:
Page 1 of 51
http://lcchong.wordpress.com
http://lcchong.wordpress.com
and no
buy or sell
://lcchong.wordpress.com
L. C. Chong
Page 2 of 51
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Quality
Profitability
12/31/2004
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
12/31/2011
12/31/2012
CROIC 15%
5.5%
16.9%
11.0%
11.3%
10.0%
13.7%
17.1%
14.1%
12.8%
ROIC 15%
7.2%
18.7%
12.8%
11.3%
7.2%
8.4%
12.7%
11.6%
15.9%
28.4%
25.6%
18.9%
19.7%
16.5%
19.3%
20.9%
17.8%
21.3%
FCF/Sales 5%
18.9%
20.7%
15.1%
16.6%
17.6%
24.8%
22.5%
20.1%
16.1%
Financial Health
12/31/2004
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
12/31/2011
12/31/2012
528
177
210
264
334
363
243
275
241
178.6%
3.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Growth
12/31/2004
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
12/31/2011
12/31/2012
Revenue
18,882
58,322
59,171
57,327
47,409
42,452
56,777
52,259
62,329
YoY
#VALUE!
208.9%
1.5%
-3.1%
-17.3%
-10.5%
33.7%
-8.0%
19.3%
3-Y Avg.
#VALUE!
#VALUE!
57.1%
-0.9%
-11.1%
-15.0%
9.0%
10.4%
4.7%
5-Y Avg.
#VALUE!
#VALUE!
18.2%
-8.6%
-3.8%
0.0%
7.6%
10-Y Avg.
#VALUE!
#VALUE!
5,370
14,953
11,180
11,310
7,811
8,200
11,855
9,308
13,272
YoY
#VALUE!
178.5%
-25.2%
1.2%
-30.9%
5.0%
44.6%
-21.5%
42.6%
3-Y Avg.
#VALUE!
#VALUE!
36.7%
-14.0%
-17.9%
-16.1%
20.9%
6.3%
5.6%
5-Y Avg.
#VALUE!
#VALUE!
4.7%
-15.6%
-2.0%
0.3%
11.9%
10-Y Avg.
#VALUE!
#VALUE!
7,470
13,961
5,954
9,041
10,833
14,121
14,222
11,010
18,526
YoY
#VALUE!
86.9%
-57.4%
51.8%
19.8%
30.4%
0.7%
-22.6%
68.3%
3-Y Avg.
#VALUE!
#VALUE!
-11.3%
-21.7%
29.9%
22.3%
13.6%
-12.4%
13.2%
5-Y Avg.
#VALUE!
#VALUE!
3.1%
6.2%
21.9%
6.7%
8.2%
10-Y Avg.
#VALUE!
#VALUE!
3,572
12,052
8,956
9,518
8,326
10,547
12,800
10,489
10,044
YoY
#VALUE!
237.4%
-25.7%
6.3%
-12.5%
26.7%
21.4%
-18.1%
-4.2%
3-Y Avg.
#VALUE!
#VALUE!
46.0%
-11.8%
-3.6%
5.1%
21.5%
-0.3%
-12.1%
5-Y Avg.
#VALUE!
#VALUE!
14.6%
-3.4%
8.2%
6.2%
3.7%
10-Y Avg.
#VALUE!
#VALUE!
Net Profit
Owner Earnings
L. C. Chong
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3-Y Avg.
5-Y Avg.
14.6%
13.3%
13.3%
10.7%
19.9%
19.1%
19.4%
20.0%
3-Y Avg.
5-Y Avg.
243
275
0.0%
0.0%
Multi-Year Performance
L. C. Chong
Page 4 of 51
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Quality (Continued)
Profitability
- Although CROIC is below my benchmark, in the past few years, its average of CROIC is above 13%.
- ROIC is also below my benchmark, but ROIC has been increasing in the past 5 years.
- Net Profit Margin and FCF/Sales are way above my benchmark.
Financial Health
- No debt!
- CSCENIC has very high value of Cash Conversion Cycle (above 200) because CSCENIC maintains ver
high inventory.
- To mitigate the risk of depletion in Sawn timber supply, CSCENIC should maintain high level of
inventory at an average of 6-month.
Growth - Revenue and Net Profit
- In the past five years, CSCENIC maintains 4-5% growth of Revenue and Net Profit.
- The growth is actually slightly slow, but CSCENIC still able to maintain 19% net profit margin
throughout the years.
Growth - Operating Cash and Owner Earnings
- CSCENIC managed to maintain positive growth of net operating cash flow.
- However, due to higher CAPEX in the past two years, its owner earnings dropped about 12%. In five
years, the growth of owner earnings is 6.2%.
- They spent the money in purchasing new land, machineries, forklifts, and motor vehicles.
Risks/Challenges
L. C. Chong
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L. C. Chong
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cash flow.
arnings dropped about 12%. In five
L. C. Chong
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s establishment
r margin, currently contributes 50% of
rm
m the competitors
L. C. Chong
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Economic Moats
Economic Moats: Narrow
Cost Advantage
CSCENIC has been consistently enjoying 20% net profit margin for the past 9 years. Besides,
FCF/Sales is also from 15% to 25% throughout the years.
Switching Costs
Intangible Assets
- Switched to using more plantation wood from natural forest wood and make every effort to ensure
the timbers are from legal and traceable sources.
- Maintain high timber recovery rate of 95% by turning small piece into inner frames (fillet), fingerjointing, horizontal-jointing as well as use of saw dust as fuel to generate energy for kiln-drying
process and compressed into wooden briquette.
Efficient Scale
Not available or no moat found
L. C. Chong
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nd area of 12 acres.
t RM2.8m to cater for future growth.
he capacity is to be increased by
L. C. Chong
Page 10 of 51
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Valuation
Discounted Cash Flows Valuation
Refer Appendix 1
3-Y
5-Y
Good 8%
Base 4%
Bad 0%
Ugly -4%
Good 8%
Base 4%
Bad 0%
Ugly -4%
Good 8%
Fair Value
2.09
1.90
1.72
1.56
2.15
1.89
1.65
1.45
2.23
Buy Under
Actual M.O.S.
Growth rate applied in Reverse DCF to reach the current stock price (1.22):
-11%
Refer Appendix 2
EY% Valuation
Refer Appendix 3
Refer Appendix 4
Good
Fair Value
Buy Under
Actual M.O.S.
Base
2.09
#VALUE!
#VALUE!
Bad
0.95
#VALUE!
#VALUE!
Ugly
0.71
#VALUE!
#VALUE!
0.53
#VALUE!
#VALUE!
EY% High
EY% Low
Buffer
13.81%
9.01%
10%
Buy Under
Sell Above
Katsenelson Absolute PE
Refer Appendix 5
Fair P/E
Fair Value
Buy Under
Actual M.O.S.
Comments
L. C. Chong
Page 11 of 51
http://lcchong.wordpress.com
- For CSCENIC, I will look into 5 years time frame for valuation purposes.
- DCF suggest that CSCENIC is undervalued. The fair value can range from 1.89 to 2.15. Even if CSCENIC is not performing well in the next five years,
the fair value will range from 1.45 to 1.65.
- RDCF also suggests that to reach 1.22, CSCENIC just have to achieve -11% growth rate.
- Absolute PE indicates that the fair value is 1.99.
- EY% valuation indicates that CSCENIC is fully valued which is contradict with other valuation methods. In my opinion, this is logical because CSCENIC
has been bullish since 2012. We need to wait for correction.
L. C. Chong
Page 12 of 51
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10-Y
Base 4%
Bad 0%
1.84
Ugly -4%
1.53
1.28
R4Q-EPS
FY13-EPS*
FY14-EPS*
0.10
0.12
0.12
0.73
0.87
0.90
1.02
1.22
1.26
L. C. Chong
Page 13 of 51
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L. C. Chong
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Strategy
Portfolio Strategy:
Portfolio Execution:
Averaging Down
Method:
Buying Basis:
Selling Basis:
Comments:
- Excellent consistent Dividend Yield;
- CSCENIC has a minimum Dividend Policy Payout of 50%
- Since 2009, the Dividend Payout range was between 91% and 115%
- Since FYE 2010, CSCENIC has started paying dividends bi-annually
- In FY2012, CSCENIC paid Net Dividends 12.3 sen per share or 111% of its Net Profit in the
financial year; while in FY11, it paid Net Dividends of 9 sen per share or 116% of its Net Profit.
- CSCENIC is a very interesting stocks, and I am keen to buy this stock too.
- I will accumulate CSCENIC when there is a technical correction or consolidation.
L. C. Chong
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1;2;3;4;5
10;11;12;6;7;8;9
L. C. Chong
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Details
L. C. Chong
Type
Page 17 of 51
Source Type
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Margin of Safety
Avg. Risk
Free Rate
Unadj.
Discount
0.98
7.60%
3.99%
Est.
Dividend
Earnings
Unadjusted Risk-Based
Initial RRR Yield
Growth
MOS
MOS
35%
8.00%
#VALUE!
#VALUE!
#VALUE!
External Risk
Discount %
Business Risk Factor
Financial Risk Factor
0.90
1.00
10.22%
11.59%
Growth Estimation
Financial Figures
Intangibles
Intangibles % Add to
Shares Out. 2012 OE
Excess Cash Assets
DCF
120.50
14.13
21.72
0%
0.88
50.00%
8%
0%
-4%
Yearly GR.
FV
DPV
2013
4%
14.69
190.10
2014
4%
15.28
179.37
2015
4%
15.89
169.25
2016
3%
16.15
156.04
2017
3%
16.70
146.38
2018
3%
17.27
137.32
2019
3%
17.85
128.82
2020
3%
17.51
114.63
2021
3%
17.99
106.83
2022
3%
18.48
99.56
PV
225.60
227.44
229.18
226.92
227.52
228.09
228.62
222.48
222.16
221.87
Fair Value
Yearly GR.
FV
DPV
8%
15.26
197.41
3-Y:
8%
16.48
193.43
1.90
8%
17.80
189.53
5-Y:
7%
18.38
177.60
1.89
7%
19.63
172.08
7%
20.97
166.74
7%
22.39
161.56
5%
21.58
141.29
10-Y:
5%
22.76
135.16
1.84
5%
24.00
129.30
PV
233.42
243.00
252.39
252.91
259.46
265.81
271.96
261.60
264.94
268.15
Fair Value
Yearly GR.
FV
DPV
0%
14.13
182.79
3-Y:
0%
14.13
165.84
2.09
0%
14.13
150.46
5-Y:
0%
14.13
136.50
2.15
0%
14.13
123.84
0%
14.13
112.36
0%
14.13
101.94
0%
14.13
92.48
10-Y:
0%
14.13
83.91
2.23
0%
14.13
76.13
PV
217.77
212.45
207.62
203.24
199.26
195.65
192.38
189.41
186.72
184.27
Fair Value
Yearly GR.
FV
DPV
-4%
13.56
175.48
3-Y:
-4%
13.02
152.84
1.72
-4%
12.50
133.12
5-Y:
-3%
12.30
118.87
1.65
-3%
11.88
104.17
-3%
11.48
91.30
-3%
11.09
80.02
-3%
11.33
74.17
10-Y:
-3%
11.02
65.47
1.53
-3%
10.72
57.78
PV
209.95
198.02
187.63
181.72
174.33
167.86
162.19
161.55
157.43
153.79
3-Y:
1.56
5-Y:
1.45
10-Y:
1.28
U
g
ly
-4
B
ad
G
o
od
B
as
e
4%
Senario
Fair Value
L. C. Chong
Page 18 of 51
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Margin of Safety
Avg. Risk
Avg. Risk
Unadj.
Business
Financial
External Risk
Premium
Free Rate
Discount
Discount %
Risk Factor
Risk Factor
Factor
7.60%
3.99%
11.59%
0.98
0.90
1.00
10.22%
Est.
Dividend
Earnings
Initial RRR Yield
Growth
35%
8.00%
#VALUE!
Growth Estimation
Financial Figures
Yearly GR.
FV
DPV
2013
-11%
12.57
162.68
2014
-11%
11.19
131.36
2015
-11%
9.96
106.07
2016
-9%
10.14
98.01
2017
-9%
9.34
81.86
2018
-9%
8.60
68.36
2019
-9%
7.91
57.09
2020
-7%
9.30
60.91
2021
-7%
8.83
52.45
2022
-7%
8.38
45.17
PV
196.26
174.14
156.29
155.11
144.69
135.99
128.72
136.81
132.03
127.91
3-Y:
1.30
5-Y:
1.20
10-Y:
1.06
Fair Value
L. C. Chong
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Unadjusted Risk-Based
MOS
MOS
#VALUE!
#VALUE!
Intangibles
Intangibles % Add to
Assets
DCF
0.88
L. C. Chong
50%
Page 20 of 51
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Margin of Safety
Avg. Risk
Free Rate
7.60%
Discount %
11.59%
Initial RRR
35%
Est.
Earnings
Unadjusted Risk-Based
Growth
MOS
MOS
#VALUE!
#VALUE!
8.00%
10%
#VALUE!
Dividend
Yield
3.99%
Financial Figures
ROE
Bad Scenario
Ugly Scenario
Start ROE
End ROE
Growth Rate
0%
10%
34%
11%
15%
21%
16%
20%
13%
21%
25%
8%
26%
30%
5%
31%
100%
3%
Start ROE
End ROE
Decay Rate
0%
10%
-3%
11%
15%
-5%
16%
20%
-8%
21%
25%
-13%
26%
30%
-21%
31%
100%
-34%
Start ROE
End ROE
0%
10%
11%
15%
16%
20%
21%
25%
26%
30%
31%
100%
B
as
e
ROE
Book Value
Retained
Earnings
Excess
Return
PV
G
oo
Fair Value
ROE
Book Value
Retained
Earnings
Excess
Return
PV
B
ad
Fair Value
ROE
Book Value
Retained
Earnings
Excess
Return
PV
U
g
ly
Fair Value
ROE
Book Value
Retained
Earnings
Excess
Return
PV
Fair Value
L. C. Chong
2012
13%
97.93
2013
13%
104.19
2014
13%
110.85
2015
13%
117.93
2016
13%
125.47
2017
13%
133.49
6.26
6.66
7.08
7.54
8.02
8.53
1.22
1.30
1.38
1.47
1.56
19.33
1.22
1.16
1.11
1.06
1.01
11.17
#VALUE!
5-Y:
22%
134.11
0.95
24%
149.07
#VALUE!
13%
97.93
16%
104.19
114.648237
18%
20%
112.25
122.06
6.26
8.06
9.81
12.05
14.96
17.96
1.22
4.10
6.69
10.06
14.51
218.82
1.22
3.68
5.37
7.24
9.35
126.46
#VALUE!
2.09
10%
129.72
#VALUE!
13%
97.93
12%
104.19
251.248467
12%
11%
110.52
116.89
5-Y:
10%
123.30
6.26
6.33
6.37
6.41
6.42
1.22
0.63
(0.01)
(0.69)
(1.40)
(21.90)
1.22
0.56
(0.01)
(0.49)
(0.90)
(12.66)
#VALUE!
5-Y:
9%
121.41
0.71
8%
126.73
#VALUE!
10%
110.18
85.647892
10%
115.89
13%
97.93
12%
104.19
6.55
6.26
5.99
5.70
5.52
5.32
1.22
(0.04)
(1.32)
(2.35)
(3.39)
(51.57)
1.22
(0.04)
(1.06)
(1.69)
(2.19)
(29.80)
#VALUE!
64.3777141
5-Y:
0.53
#VALUE!
Page 21 of 51
5.11
http://lcchong.wordpress.com
Decay Rate
-8%
-10%
-13%
-18%
-26%
-39%
L. C. Chong
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EY% Low
13.81%
Buffer
9.01%
R4Q-EPS
FY13-EPS*
FY14-EPS*
10%
0.097
0.116
0.119
Buy Under
Sell Above
0.73
1.02
0.87
1.22
0.90
1.26
13.81%
Trading Range
R4Q
FY13
0.70
0.84
13.33%
Buy Under
0.73
0.87
9.49%
Sell Above
1.02
1.22
1.08
1.29
4.80%
9.01%
Low
L. C. Chong
Page 23 of 51
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Price
Low
FY14
0.86
0.90
10%
1.26
10%
1.33
High
L. C. Chong
Page 24 of 51
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Discount Rate
Avg. Risk
Avg. Risk
Unadj.
Business Risk Financial
External Risk
Discount %
Premium
Free Rate
Discount
Factor
Risk Factor
Factor
7.60%
3.99%
11.59%
0.98
0.90
1.00
10.22%
Margin of Safety
Est.
Dividend
Earnings
Unadjusted
Risk-Based
Initial RRR Yield
Growth
MOS
MOS
35%
8.00%
#VALUE!
#VALUE!
#VALUE!
Initial P/E
Absolute PE
Earnings Growth
Dividend Yield
1%
7.65
2%
8.30
3%
8.95
#VALUE!
4%
9.60
0.98 [1 + (1 - 0.98)]
0.90 [1 + (1 - 0.9)]
0.98 [1 + (1 - 0.98)]
5%
10.25
6%
10.90
7%
11.55
8%
12.20
9%
12.85
10%
13.50
11%
14.15
12%
14.80
13%
15.45
14%
16.10
15%
16.75
16%
17.40
17%
17.90
18%
18.40
19%
18.90
20%
19.40
21%
19.90
22%
20.40
23%
20.90
24%
21.40
25%
21.90
0.097
Fair Value
Risk-Based MOS
Buy Under
L. C. Chong
Baisc P/E
Business Risk Factor
#VALUE!
Page 25 of 51
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DY%
Add's P/E
0.0%
0.1%
0.5
0.5%
0.5
1.0%
1.5%
1.5
2.0%
2.5%
2.5
3.0%
3.5%
3.5
4.0%
4.5%
4.5
5.0%
5.5%
5.5
6.0%
6.5%
6.5
10.0%
10
L. C. Chong
Page 26 of 51
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Securities Holder
Type of transaction
Disposed
Disposed
Disposed
Disposed
Disposed
Disposed
Disposed
Disposed
L. C. Chong
Page 27 of 51
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No of securities
Price Transacted
100,000
0.00
31,300
0.00
168,740
0.00
100,000
0.00
100,000
0.00
173,000
0.00
103,200
0.00
369,600
0.00
L. C. Chong
Page 28 of 51
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12/31/2007
13.00%
12/31/2008
8.76%
0
9.99%
0
7.21%
0
0.99%
12/31/2009
8.75%
0
13.71%
1
8.44%
1
0.94%
12/31/2010
12.83%
1
17.14%
1
12.73%
1
0.95%
12/31/2011
10.24%
0
14.10%
0
11.57%
0
0.97%
12/31/2008
521.20%
1
0.00%
1
0.00%
1
12/31/2009
970.65%
1
0.00%
1
0.00%
1
12/31/2010
644.39%
1
0.00%
1
0.00%
1
12/31/2011
727.27%
1
0.00%
1
0.00%
1
12/31/2008
47,409
0
7,811
0
16.48%
0
10,833
12/31/2009
42,452
0
8,200
1
19.32%
1
14,121
12/31/2010
56,777
1
11,855
1
20.88%
1
14,222
12/31/2011
52,259
0
9,308
0
17.81%
0
11,010
Consistency/Quality Check
ROIC
11.26%
Consistency/Quality Check
CROIC
11.31%
Consistency/Quality Check
Intangible % Book Value
1.01%
Consistency/Quality Check
Business Risk Factor
2% Factor:
0.98
12/31/2007
386.76%
0.00%
0.00%
Consistency/Quality Check
Financial Risk Factor
Earnings Predictability
Revenue
10% Factor:
12/31/2007
57,327
Consistency/Quality Check
Net Profit
11,310
Consistency/Quality Check
Net Profit Margin
Consistency/Quality Check
Operating Cash
19.73%
9,041
Consistency/Quality Check
Earnings Predictability
L. C. Chong
2% Factor:
0.90
0.98
Page 29 of 51
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0
12/31/2012 Benchmark
13.55%
15%
1
2
12.78%
15%
0
2
15.91%
15%
1
3
0.90%
10%
1
5
12
12/31/2012 Benchmark
542.13%
100%
1
5
0.00%
80%
1
5
0.00%
50%
1
5
100%
1
5
20
12/31/2012 Benchmark
62,329
1
2
13,272
1
3
21.29%
10%
1
3
18,526
1
4
12
L. C. Chong
Page 30 of 51
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12/31/2004
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
12/31/2011
Revenue
18,882
58,322
59,171
57,327
47,409
42,452
56,777
52,259
-10,048
-33,743
-37,171
-36,780
-31,433
-27,118
-38,413
-34,933
Operating Income
6,462
18,532
14,467
13,094
8,122
8,652
12,672
11,473
5,370
14,953
11,180
11,310
7,811
8,200
11,855
9,308
Balance Sheet
12/31/2004
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
12/31/2011
26,024
31,452
33,530
41,805
43,090
50,112
52,950
51,435
4,512
6,233
3,025
5,744
8,715
19,650
20,504
19,127
Inventory
13,611
16,742
22,038
25,886
26,938
23,885
24,036
26,126
Accounts Receivable
7,901
8,477
8,467
10,175
7,437
6,577
8,410
6,182
5,408
4,315
3,013
4,116
3,099
2,702
4,487
3,480
Short-Term Debt
2,000
Accounts Payable
3,291
3,802
2,807
3,918
3,091
2,702
4,256
3,068
48,475
50,514
54,835
53,460
52,942
50,027
47,596
46,415
Intangible Assets
1,222
878
878
878
878
878
3,495
4,027
4,352
4,124
3,806
3,716
3,684
3,489
Cash Flow
12/31/2004
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
12/31/2011
7,470
13,961
5,954
9,041
10,833
14,121
14,222
11,010
Capital Expenditure
2,292
4,449
4,615
4,385
2,235
520
2,340
1,600
17
193
166
171
88
154
715
14
Depreciation
-873
-2,350
-2,268
-2,464
-2,685
-2,749
-2,749
-2,770
Amortization
392
941
-4
-4
-3
L. C. Chong
Page 31 of 51
http://lcchong.wordpress.com
12/31/2012
62,329
-38,977
16,670
13,272
12/31/2012
52,794
21,724
25,156
5,914
5,098
0
4,316
53,513
878
3,277
0
12/31/2012
18,526
5,983
126
0
-2,660
0
L. C. Chong
Page 32 of 51
http://lcchong.wordpress.com
Sep-12
Dec-12
17,316
18,558
13,094
Net Profit
3,813
3,963
2,808
EPS
0.032
0.033
0.023
R-4Q EPS
0.000
0.000
0.000
Revenue
Outstanding Shares
L. C. Chong
Page 33 of 51
http://lcchong.wordpress.com
Mar-13
Jun-13
13,651
14,019
2,469
2,448
0.021
0.020
0.000
0.097
120,500
L. C. Chong
Page 34 of 51
http://lcchong.wordpress.com
Total Revenue
Net Cash From Operations
18,882
7,470
58,322
13,961
59,171
5,954
57,327
9,041
47,409
10,833
42,452
14,121
56,777
14,222
52,259
11,010
62,329
18,526
4
5
FinancialYearKey
2004 31/12/2004
2005 31/12/2005
2006 31/12/2006
2007 31/12/2007
2008 31/12/2008
2009 31/12/2009
2010 31/12/2010
2011 31/12/2011
2012 31/12/2012
20
29
30
31
32
33
DY% High
2.05%
5.86%
5.06%
6.62%
8.82%
23.33%
20.00%
13.43%
16.97%
34
ROIC
Net CAPEX FCF/Sales Net Profit Margin
Total Liabilities Total Assets CROIC
7.20%
2,279
18.92%
28.44%
8,903
74,499
6%
18.68%
4,310
20.67%
25.64%
8,342
81,966
17%
12.84%
4,495
15.14%
18.89%
7,365
88,365
11%
11.31%
4,260
16.60%
19.73%
8,240
95,265
11%
7.21%
2,170
17.56%
16.48%
6,905
96,032
10%
8.44%
405
24.85%
19.32%
6,418
100,139
14%
12.73%
1,804
22.54%
20.88%
8,171
100,546
17%
11.57%
1,589
20.07%
17.81%
6,969
97,850
14%
15.91%
5,888
16.11%
21.29%
8,375
106,307
13%
43
44
45
46
49
712.20%
51.25
698.43%
52.26
615.03%
59.35
538.37%
67.80
605.85%
60.25
757.68%
48.17
716.27%
50.96
1030.57%
35.42
50
Quick Ratio
229.53%
340.90%
381.41%
386.76%
521.20%
970.65%
644.39%
727.27%
542.13%
61
EPS
Turnover Net Profit
R-4Q EPS Quarter Date CU EY CU DY R-4Q EY
3.18
17,316
3,813
6/30/2012
3.29
18,558
3,963
9/30/2012
2.33
13,094
2,808
12/31/2012
2.05
13,651
2,469
3/31/2013
2.03
14,019
2,448
9.7
6/30/2013
8.74
9.76
7.69
R-4Q DY
9.37
Shares Outstanding