Professional Documents
Culture Documents
Balance Sheet: PBIT-EPS Chart
Balance Sheet: PBIT-EPS Chart
0.9
0.8
Financial analysis: Th
0.7
0.7
great varibility as well
0.6 B/E PBIT and 17.5% in 1997.Ma
EPS If the company realise
0.5
dependence on external funds. The firm is
0.4
532
0.3
0.2
0.1
0
0
0
PBIT 1
2
(3) Operating & Financial Leverage Analysis 3
Break-even sales 3,810.6 94.5% 4
Change in sales -0.05 0.05 -0.05 0.05 5
Change in PBIT -0.91 0.91 -0.91 0.91 6
DOL 18.19 18.19 18.19 18.19 18.19 7
Change in EPS -0.91 0.91 1.52 -1.52 8
DFL 1.00 1.00 -1.67 -1.67 -1.67 9
DCL 18.19 18.19 -30.32 -30.32 -30.32 10
11
alance Sheet & P&L Analysis: Historical Perspective
(E + D) E
8% 89.0 Estd. Projected Projected
16% 180.7 Sales 3,376.9 4,032.3 4,032.3
4% 41.1 PBIT 94.6 125.0 125.0
4% 47.1 PAT 50.3 -101 81.3
31% 357.9 (E + D) E
71% 819.9 Estd. Projected Projected
2% 23.5 S/TA 4.07 4.86 4.86
69% 796.4 PBIT/S 0.03 0.03 0.03
100% 1,154.3 PBIT/TA 11.4% 15.1% 15.1%
2% 15.2 PAT/PBIT 0.53 -0.81 0.65
4% 30.3 TA/NW 1.54 4.67 1.13
15% 121.5 PAT/NW 9.3% -56.7% 11.1%
21% 167.0
22% 180.0
57% 459.6
79% 639.6 640 2,640
100% 807
18.00
38.00
Sales PBIT PAT DIV EPS Sales g PBIT/S PBIT EPS EPS
1,804.0 34.3 17.1 9.0 0.95 1.9% -140 -2.39 -12.28
1,707.8 15.5 7.8 9.0 0.43 -5.3% 0.9% 0 0.00 -7.22
1,894.0 41.2 20.6 9.0 1.14 10.9% 2.2% 140 2.39 -2.17
2,270.8 52.2 26.1 9.0 1.45 19.9% 2.3% 280 4.79 2.89
2,520.0 58.0 29.0 10.8 1.61 11.0% 2.3% 420 7.18 7.94
2,775.0 66.6 33.3 10.8 1.85 10.1% 2.4% 560 9.58 13.00
2,949.2 76.8 38.4 14.4 2.13 6.3% 2.6% 700 11.97 18.06
2,433.8 -5.3 -5.3 9.0 -0.29 -17.5% -0.2% 840 14.37 23.11
3,042.3 82.1 43.5 18.0 2.42 25.0% 2.7% 980 16.76 28.17
3,376.9 94.6 50.3 18.0 2.79 11.0% 2.8% 1,120 19.16 33.22
3,579.5 85.0 55.2 18.0 3.07 6.0% 2.4% 1,260 21.55 38.28
4,032.3 125.0 81.3 38.0 2.14 12.6% 3.1% 1,400 23.95 43.33
AVG 7.5% 1.9% 1,540 26.34 48.39
SD 12.7% 1.0%
: The company sales have grown at an average rate of 7.5%. But its shows
varibility as well. Twice during last decade sales growth was negative, a drop of 5.7% in 1991
7.5% in 1997.Margin has hovered around 2%. The company has high level of current assets.
company realises its debtorand uses surplus cash balance, it can perhaps reduce its
dence on external funds. The firm is very conservatively financed.
S ATM Dep*.35
4,335 -97 699 245 147 100 47
4,660 -91 524 184 92 100 -8
5,009 -84 393 138 53 100 -47
5,385 -77 295 103 26 100 -74
5,789 -69 221 77 8 100 -92
6,223 -61 166 58 -3 100 -103
6,690 -52 124 44 -8 100 -108
7,192 -42 93 33 -9 1,300 -1,309
7,731 -31 70 24 -7
8,311 -20 52 18 -2
8,934 -8 39 14 6