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Reference Items
Accounting Standard ACCOUNTING_STANDARD PK GAAP
EBITDA EBITDA 27093.9
EBITDA Margin (T12M) EBITDA_MARGIN 2.6448
EBITA EBITA 25966.313
EBIT EBIT 25950.819
Gross Margin GROSS_MARGIN 3.3504
Operating Margin OPER_MARGIN 2.5332
Profit Margin PROF_MARGIN 0.8832
Sales per Employee ACTUAL_SALES_PER_EMPL —
Dividends per Share EQY_DPS 2.4113
Total Cash Common Dividends IS_TOT_CASH_COM_DVD 943
Capitalized Interest Expense IS_CAP_INT_EXP 0
Personnel Expenses IS_PERSONNEL_EXP 4679.02
Depreciation Expense IS_DEPR_EXP 1127.587
Rental Expense BS_CURR_RENTAL_EXPENSE —
Source: Bloomberg Right click to show data transp
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 Last 12M FY 2019 Est FY 2020 Est
06/30/2013 06/30/2014 06/30/2015 06/30/2016 06/30/2017 06/30/2018 06/30/2018 06/30/2019 06/30/2020
1100122.318 1187639.3 913094.38 677939.88 878146.79 1056900.6 1056900.6 1099290.8 1087483.3
1100122.318 1187639.3 913094.38 677939.88 878146.79 1056900.6 1056900.6
1065961.38 1150815.2 890173.42 655414.55 840948.07 1017264.5 1017264.5
1065961.38 1150815.2 890173.42 655414.55 840948.07 1017264.5 1017264.5
34160.938 36824.088 22920.958 22525.326 37198.713 39636.108 39636.109 43971.63 42411.847
2442.728 2306.267 2328.309 2152.211 2836.875 3396.216
12939.87 13328.42 13523.647 12183.789 13251.83 14163.675 15795.897
9046.701 9425.499 9671.491 9562.209 10321.594 10900.266 11928.997
7317.129 7422.067 7371.058 7248.73 7945.182 8229.881 9159.33
1729.572 2003.432 2300.433 2313.479 2376.412 2670.385 2769.667
0 0 0 0 0 0
1159.829 1054.435 1000.863 949.021 979.309 1028.731
351.489 94.092 1651.527 73.118 -397.316 -910.777 -580.28
2381.851 2754.394 1199.766 1599.441 2348.243 3145.455 4777.677
23663.796 25801.935 11725.62 12493.748 26783.758 28868.649 28868.649 31979.5 35324
4463.214 -7160.489 -297.944 -3767.486 -2547.954 1777.684 1777.684
1570.191 -10970.647 -2135.277 -5385.084 -2387.484 330.366
4835.776 5997.341 9306.417 5037.501 5296.439 4121.134
3265.585 16967.988 11441.694 10422.585 7683.923 3790.768
-221.75 -236.656 -154.949 -195.494 -208.979 -240.702 -423.559
930.495 1041.575 661.495 313.505 30.072 1099.422
-571.102 -541.529 -379.349 -612.504 -608.38 -413.612 -413.612
2755.38 3546.768 1710.136 2112.091 626.817 1002.21 2431.998
19200.582 32962.424 12023.564 16261.234 29331.712 27090.965 27090.965 25796.25 25771.5
-9.051 -6.763 -10.184 -27.974 -15.155 -69.515 -69.515
-9.051 -6.763 -10.184 -27.974 -15.155 -69.515 -70.919
— — — — — —
19209.633 32969.187 12033.748 16289.208 29346.867 27160.48 27160.48 25796.25 25771.5
6571.854 11151.052 5097.384 6016.078 11121.242 11699.223 11699.223
7969.432 13912.706 8183.564 8543.532 11593.173 11353.206
-1397.578 -2761.654 -3086.18 -2527.454 -471.931 346.017
12637.779 21818.135 6936.364 10273.13 18225.625 15461.257 15461.257 15841.667 15991.5
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
12637.779 21818.135 6936.364 10273.13 18225.625 15461.257 15461.257
0 0 0 0 0 0 0
12637.779 21818.135 6936.364 10273.13 18225.625 15461.257 15461.257 15841.667 15991.5
0 0 0 0 0 0 0
0 0 0 0 0 0 0
12637.779 21818.135 6936.364 10273.13 18225.625 15461.257 15461.257 15841.667 15991.5
0.3789584
0.3789584 0.3693291
0.4235907
0.430744339
0.4307443
-0.1538592
P
INCOME STATEMENT
FY 2013 FY 2014 FY 2015
SALES_REV_TURN 1100122.3 1187639.3 913094.38
IS_COGS_TO_FE_AND_PP_AND_G 1065961.4 1150815.2 890173.42
GROSS_PROFIT 34160.938 36824.088 22920.958
IS_OTHER_OPER_INC 2442.728 2306.267 2328.309
IS_OPERATING_EXPN 12939.87 13328.42 13523.647
IS_SG&A_EXPENSE 9046.701 9425.499 9671.491
IS_SELLING_EXPENSES 7317.129 7422.067 7371.058
IS_GENERAL_AND_ADMINISTRATIVE 1729.572 2003.432 2300.433
IS_DEPRECIATION_AND_AMORTIZATION 1159.829 1054.435 1000.863
IS_PROVISION_DOUBTFUL_ACCOUNTS 351.489 94.092 1651.527
IS_OTHER_OPERATING_EXPENSES 2381.851 2754.394 1199.766
IS_OPER_INC 23663.796 25801.935 11725.62
IS_NONOP_INCOME_LOSS 4463.214 -7160.489 -297.944
IS_NET_INTEREST_EXPENSE 1570.191 -10970.647 -2135.277
IS_OTHER_INVESTMENT_INCOME_LOSS -221.75 -236.656 -154.949
IS_FOREIGN_EXCH_LOSS 930.495 1041.575 661.495
INCOME_LOSS_FROM_AFFILIATES -571.102 -541.529 -379.349
IS_OTHER_NON_OPERATING_INC_LOSS 2755.38 3546.768 1710.136
PRETAX_INC 19200.582 32962.424 12023.564
IS_ABNORMAL_ITEM -9.051 -6.763 -10.184
IS_GAIN_LOSS_DISPOSAL_ASSETS -9.051 -6.763 -10.184
PRETAX_INC 19209.633 32969.187 12033.748
IS_INC_TAX_EXP 6571.854 11151.052 5097.384
IS_CURRENT_INCOME_TAX_BENEFIT 7969.432 13912.706 8183.564
IS_DEFERRED_INCOME_TAX_BENEFIT -1397.578 -2761.654 -3086.18
IS_INC_BEF_XO_ITEM 12637.779 21818.135 6936.364
NI_INCLUDING_MINORITY_INT_RATIO 12637.779 21818.135 6936.364
s' Equity
147544.539 193655.446 198936.306512741
76516.841 116946.274 120135.324311959
5267.11 6402.521 6577.1136645972
4244.653 4461.6 4583.2649867087
61515.935 65845.051 67640.6035494767
130498.503 95763.944 92296.5742208677
130498.503 92321.074 90963.511
3460.687 3442.87 3536.7548692822
3460.687 3442.87 3536.7548692822
281503.729 292862.26 294769.635602891
0 0 0
0 0 0
0 0 0
8089.633 5165.024 5305.8709105948
0 0 0
8089.633 5165.024 5305.8709105948
8089.633 5165.024 5305.8709105948
289593.362 292109.857 300075.506513486
0 0 0
2716.86 3260.232 3260.232
2716.86 3260.232 3260.232
0 0 0
0 0 0
74846.996 81906.497 87556.1959418811
25285.746 25285.746 25975.2721679685
102849.602 110452.475 116791.70010985
0 0 0
102849.602 110452.475 116791.70010985
392442.964 402562.332 416867.206623336
-0.000276764
COMMON SIZE ANALYSIS OF
BALANCE SHEET
+ Cash & Cash Equivalents 0.44%
+ ST Investments 0.00%
+ Accounts & Notes Receiv 23.24%
+ Accounts Receivable, Net 23.24%
+ Notes Receivable, Net 0.00%
+ Inventories 7.74%
+ Raw Materials 7.72%
+ Work In Process 0.00%
+ Finished Goods 0.00%
+ Other Inventory 0.02%
+ Other ST Assets 4.36%
+ Derivative & Hedging Assets 0.00%
+ Taxes Receivable 0.73%
+ Misc ST Assets 3.62%
Total Current Assets 35.77%
+ Property, Plant & Equip, Net 0.69%
+ Property, Plant & Equip 2.50%
- Accumulated Depreciation 1.81%
+ LT Investments & Receivables 0.12%
+ LT Investments 0.12%
+ Other LT Assets 1.50%
+ Total Intangible Assets 0.00%
+ Goodwill 0.00%
+ Other Intangible Assets 0.00%
+ Deferred Tax Assets 1.11%
+ Derivative & Hedging Assets 0.00%
+ Investments in Affiliates 0.37%
+ Misc LT Assets 0.02%
Total Noncurrent Assets 2.31%
Total Assets 38.09%
WACC 12%
DIVIDEND 6.53
ROE 14%
DIVIDEND Payout Ratio 30%
Growth rate 9.51%
Year Dividend
2013 11%
2014 10%
2015 39%
2016 24%
2017 26%
2018 53%
2019 30.35%
WACC Calculation
2018 2019
wd 44.77% 43.50%
rd(1-T) 2.20% 2.20%
ws 55.23% 56.50%
rs 20.37% 19.27%
WACC 12.24% 11.84%
Capital Expenditure
2018 1452.54
2019 1687.54
Change in Capital Expenditure 235
2018 2019
Working Capital 85241.297 93874.407763229
Change in NWC 8633.110763229
rs= rf+b(rp)
2018 2019
Risk free rate (rf) 0.122 0.122
Beta (b) 1.311 1.1338333333
Market return (rm) 0.18435 0.18435
Risk Premium (rp) 0.06235 0.06235
Cost of Equity (rs) 0.20374085 0.1926945083
Year Beta
2013 1.335
2014 1.155
2015 1
2016 1.044
2017 0.958
2018 1.311
2019 (Projected) 1.1338333333
Summary of Financial Ratios of Oil Ind
Liquidity
Ratios Formula