pww.comChina Southern Airlines Company Limited - SEHK:1055

Valuation And Growth

Segments

1Y

3Y

5Y

ALL

For the Fiscal PeriodFeb-28-2025Jan-31-2025Dec-31-2024Nov-30-2024Oct-31-2024Sep-30-2024Aug-31-2024Jul-31-2024Jun-30-2024May-31-2024Apr-30-2024Mar-31-2024Feb-29-2024Jan-31-2024Dec-31-2023Nov-30-2023Oct-31-2023Sep-30-2023Aug-31-2023Jul-31-2023Jun-30-2023May-31-2023Apr-30-2023Mar-31-2023Feb-28-2023Jan-31-2023Dec-31-2022Nov-30-2022Oct-31-2022Sep-30-2022Aug-31-2022Jul-31-2022Jun-30-2022May-31-2022Apr-30-2022Mar-31-2022Feb-28-2022Jan-31-2022Dec-31-2021Nov-30-2021Oct-31-2021Sep-30-2021Aug-31-2021Jul-31-2021Jun-30-2021May-31-2021Apr-30-2021Mar-31-2021Feb-28-2021Jan-31-2021Dec-31-2020Nov-30-2020Oct-31-2020Sep-30-2020Aug-31-2020Jul-31-2020Jun-30-2020May-31-2020Apr-30-2020Mar-31-2020Feb-29-2020Jan-31-2020Dec-31-2019Nov-30-2019Oct-31-2019Sep-30-2019Aug-31-2019Jul-31-2019Jun-30-2019May-31-2019Apr-30-2019Mar-31-2019Feb-28-2019Jan-31-2019Dec-31-2018Nov-30-2018Oct-31-2018Sep-30-2018Aug-31-2018Jul-31-2018Jun-30-2018May-31-2018Apr-30-2018Mar-31-2018Feb-28-2018Jan-31-2018Dec-31-2017Nov-30-2017Oct-31-2017Sep-30-2017Aug-31-2017Jul-31-2017Jun-30-2017May-31-2017Apr-30-2017Mar-31-2017Feb-28-2017Jan-31-2017Dec-31-2016Nov-30-2016Oct-31-2016Sep-30-2016Aug-31-2016Jul-31-2016Jun-30-2016May-31-2016Apr-30-2016Mar-31-2016Feb-29-2016Jan-31-2016Dec-31-2015Nov-30-2015Oct-31-2015Sep-30-2015Aug-31-2015Jul-31-2015Jun-30-2015May-31-2015Apr-30-2015Mar-31-2015Feb-28-2015Jan-31-2015Dec-31-2014Nov-30-2014Oct-31-2014Sep-30-2014Aug-31-2014Jul-31-2014Jun-30-2014May-31-2014Apr-30-2014Mar-31-2014Feb-28-2014Jan-31-2014Dec-31-2013Nov-30-2013Oct-31-2013Sep-30-2013Aug-31-2013Jul-31-2013Jun-30-2013May-31-2013Apr-30-2013Mar-31-2013Feb-28-2013Jan-31-2013Dec-31-2012Nov-30-2012Oct-31-2012Sep-30-2012Aug-31-2012Jul-31-2012Jun-30-2012May-31-2012Apr-30-2012Mar-31-2012Feb-29-2012Jan-31-2012Dec-31-2011Nov-30-2011Oct-31-2011Sep-30-2011Aug-31-2011Jul-31-2011Jun-30-2011May-31-2011Apr-30-2011Mar-31-2011Feb-28-2011Jan-31-2011Dec-31-2010Nov-30-2010Oct-31-2010Sep-30-2010Aug-31-2010Jul-31-2010Jun-30-2010May-31-2010Apr-30-2010Mar-31-2010Feb-28-2010Jan-31-2010Dec-31-2009Nov-30-2009Oct-31-2009Sep-30-2009Aug-31-2009Jul-31-2009Jun-30-2009May-31-2009Apr-30-2009Mar-31-2009Feb-28-2009Jan-31-2009Dec-31-2008Nov-30-2008Oct-31-2008Sep-30-2008Aug-31-2008Jul-31-2008Jun-30-2008May-31-2008Apr-30-2008Mar-31-2008Feb-29-2008Jan-31-2008Dec-31-2007Nov-30-2007Oct-31-2007Sep-30-2007Aug-31-2007Jul-31-2007Jun-30-2007May-31-2007Apr-30-2007Mar-31-2007Feb-28-2007Jan-31-2007Dec-31-2006Nov-30-2006Oct-31-2006Sep-30-2006Aug-31-2006Jul-31-2006Jun-30-2006May-31-2006Apr-30-2006Mar-31-2006Feb-28-2006Jan-31-2006Dec-31-2005Nov-30-2005Oct-31-2005Sep-30-2005Aug-31-2005Jul-31-2005Jun-30-2005May-31-2005Apr-30-2005Mar-31-2005Feb-28-2005Jan-31-2005Dec-31-2004Nov-30-2004Oct-31-2004Sep-30-2004Aug-31-2004Jul-31-2004Jun-30-2004May-31-2004Apr-30-2004Mar-31-2004Feb-29-2004Jan-31-2004Dec-31-2003Nov-30-2003Oct-31-2003Sep-30-2003Aug-31-2003Jul-31-2003Jun-30-2003May-31-2003Apr-30-2003Mar-31-2003Feb-28-2003Jan-31-2003Dec-31-2002Nov-30-2002Oct-31-2002Sep-30-2002Aug-31-2002Jul-31-2002Jun-30-2002May-31-2002Apr-30-2002Mar-31-2002Feb-28-2002Jan-31-2002Dec-31-2001Nov-30-2001Oct-31-2001Sep-30-2001Aug-31-2001Jul-31-2001Jun-30-2001May-31-2001Apr-30-2001Mar-31-2001Feb-28-2001Jan-31-2001Dec-31-2000Nov-30-2000Oct-31-2000Sep-30-2000Aug-31-2000Jul-31-2000Jun-30-2000May-31-2000Apr-30-2000Mar-31-2000Feb-29-2000Jan-31-2000

Valuation Multiples

TEV/LTM Unlevered FCF

22.19

22.22

22.56

22.79

22.19

18.37

18.39

12.29

12.26

12.31

12.14

11.15

12.22

12.14

12.24

12.52

12.45

27.54

27.98

31.24

29.75

30.24

32.86

122.80

271.91

265.87

266.29

260.95

242.49

168.03

168.34

-

-

-

-

-

-

-

-

-

-

29.72

29.57

21.86

22.74

22.47

22.37

48.00

22.10

21.62

21.75

22.06

21.04

21.99

21.97

33.00

32.63

30.87

-

12.89

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57.07

-

-

-

-

-

-

-

52.82

54.51

53.79

51.06

67.86

124.97

121.84

119.06

123.92

121.37

16.38

16.65

9.36

8.73

8.70

8.48

18.02

17.85

18.33

20.73

20.01

21.01

13.40

13.59

-

-

-

-

37.92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

160.65

153.48

149.35

160.60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27.33

27.61

29.42

30.80

29.31

29.42

28.85

16.66

17.85

20.04

20.26

20.55

11.25

11.16

11.34

10.98

10.57

10.44

10.03

9.40

10.25

10.44

12.59

13.27

-

-

-

-

-

-

-

-

-

10.15

9.02

8.20

8.38

10.38

10.43

11.05

Market Cap/LTM Levered FCF

9.73

9.77

10.24

10.56

9.73

7.84

7.11

4.44

4.40

4.47

4.26

3.81

4.70

4.61

4.72

5.06

4.97

13.60

14.26

17.41

15.03

15.82

19.99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17.26

17.00

9.76

11.07

10.67

10.52

54.79

10.77

10.06

10.24

10.70

9.19

9.58

9.56

15.46

14.80

11.65

-

3.43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45.93

-

-

-

-

-

-

-

36.72

39.62

38.38

33.70

59.65

55.95

52.45

49.32

54.77

51.91

6.76

7.07

4.11

3.43

3.40

3.16

7.31

11.52

12.39

16.71

15.42

17.22

5.74

5.96

-

-

-

-

21.57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

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-

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-

-

-

-

25.22

26.13

32.09

36.62

31.71

32.09

30.20

10.78

13.06

17.22

17.64

18.19

6.97

6.83

7.10

6.57

5.97

5.77

5.18

4.25

5.51

5.77

8.36

9.48

-

-

-

-

-

-

-

-

-

5.62

3.98

2.80

3.06

3.60

3.69

4.71

P/LTM Normalized EPS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

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-

-

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27.87

35.91

38.00

45.78

42.72

42.28

32.10

29.81

28.93

31.04

28.75

39.02

40.38

36.91

32.07

27.93

30.69

24.42

12.76

13.22

8.99

10.03

12.62

13.82

16.77

23.93

23.25

18.39

15.91

13.13

15.02

17.06

21.40

23.70

21.40

18.60

13.96

12.18

10.81

9.72

10.73

10.52

20.86

22.06

14.26

12.17

12.70

13.59

17.39

9.39

10.07

12.87

12.21

14.19

9.60

8.52

21.17

25.25

21.91

20.92

38.70

44.93

48.53

42.84

40.98

31.58

40.68

41.81

15.35

13.60

12.96

13.43

11.40

12.52

12.42

14.00

15.81

13.26

13.08

11.95

15.32

16.71

19.11

21.78

20.95

28.09

30.59

25.66

22.71

24.09

14.88

14.36

11.57

10.22

9.95

10.49

8.53

6.69

6.86

6.74

6.82

7.60

5.99

8.37

8.19

6.80

6.56

6.61

5.35

7.89

8.54

10.21

12.16

11.30

28.76

23.39

49.12

42.70

44.80

52.92

-

-

-

-

-

-

-

-

-

-

-

-

3.43

2.73

2.87

2.91

2.10

2.62

3.45

3.72

5.22

4.66

7.63

7.64

18.86

24.57

20.78

31.89

29.72

33.19

114.96

94.50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19.36

21.40

21.22

22.89

23.82

24.98

18.25

17.35

-

-

-

-

-

-

-

-

-

-

-

22.62

20.64

18.01

17.57

17.33

17.96

22.05

25.17

21.80

22.05

20.76

17.48

21.17

27.93

28.61

29.51

39.88

39.12

40.64

37.60

34.19

33.05

29.63

24.31

31.53

33.05

33.58

38.08

89.58

79.32

89.58

83.99

88.65

69.43

71.29

90.52

87.72

128.58

91.11

64.17

70.05

-

-

-

P/LTM EPS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

13.77

15.79

16.71

20.13

18.78

18.59

19.45

18.05

15.70

16.85

15.61

21.18

22.15

19.08

16.58

14.44

15.87

12.62

8.05

8.34

6.43

7.17

9.02

9.88

11.32

15.85

15.40

12.18

10.54

8.70

9.91

11.25

13.28

14.71

13.28

11.54

9.45

7.65

6.78

6.10

6.74

6.60

10.52

11.12

9.07

7.74

8.07

8.64

10.50

6.94

7.45

9.51

9.02

10.48

7.12

6.32

15.12

18.03

15.65

14.94

24.22

42.87

46.31

40.88

39.11

30.13

35.00

35.96

13.69

12.13

11.56

11.98

10.19

8.62

8.55

9.64

10.88

9.13

9.17

8.38

9.42

10.28

11.75

13.39

13.31

18.47

20.11

16.87

14.93

15.84

9.91

9.56

7.59

6.70

6.52

6.88

5.83

4.70

4.82

4.73

4.79

5.33

4.34

6.07

6.55

5.45

5.25

5.29

4.19

5.13

5.55

6.63

7.90

7.35

12.90

10.49

15.45

13.43

14.09

16.64

-

-

-

-

-

-

-

-

-

-

-

-

3.15

2.50

2.63

2.67

1.92

2.40

3.17

3.41

4.79

4.28

7.00

7.01

11.84

15.43

13.05

20.02

18.66

20.84

36.73

30.19

50.36

39.36

34.35

25.74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10.98

12.14

12.03

12.98

13.51

14.16

11.60

11.03

-

-

-

-

-

-

-

-

-

-

-

16.02

14.62

12.76

12.44

22.83

23.65

29.05

33.15

28.70

29.05

27.34

20.42

24.74

32.63

33.42

34.47

26.45

25.95

26.96

24.94

22.67

21.92

19.65

16.12

20.91

21.92

17.31

19.62

44.74

39.61

44.74

41.94

44.27

34.67

35.60

45.21

43.81

114.48

81.12

57.13

62.37

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-

-

P/BV

1.53

1.57

1.73

1.61

1.43

1.76

1.16

1.28

1.30

1.42

1.26

1.26

1.16

1.15

1.32

1.50

1.48

1.68

1.83

1.97

1.79

1.83

2.22

2.19

1.74

1.58

1.55

1.41

1.23

1.07

1.10

0.92

0.99

0.94

0.96

0.93

0.94

0.94

0.89

0.82

0.90

0.75

0.77

0.81

0.95

1.04

1.04

1.07

0.99

0.81

0.86

0.89

0.75

0.82

0.80

0.69

0.66

0.61

0.68

0.57

0.70

0.74

0.90

0.84

0.83

0.81

0.76

0.83

0.89

0.82

1.12

1.16

1.04

0.91

0.79

0.87

0.69

0.83

0.86

0.85

0.95

1.19

1.31

1.37

1.76

1.71

1.35

1.17

0.96

1.02

1.16

1.14

1.27

1.14

0.99

1.10

0.95

0.85

0.76

0.84

0.82

0.89

0.94

1.02

0.87

0.91

0.97

1.03

0.88

0.94

1.21

1.14

1.33

1.16

1.03

1.64

1.96

1.70

1.62

1.20

0.86

0.93

0.82

0.79

0.61

0.61

0.63

0.62

0.55

0.52

0.54

0.57

0.60

0.60

0.67

0.76

0.64

0.69

0.63

0.67

0.73

0.83

0.95

1.07

1.02

1.11

0.93

0.82

0.87

0.90

0.87

1.03

0.91

0.88

0.93

0.92

0.95

0.98

0.96

0.97

1.08

1.01

1.41

1.43

1.18

1.14

1.15

1.08

1.64

1.77

2.12

2.53

2.35

2.52

2.05

2.21

1.92

2.01

2.38

2.09

1.79

1.54

1.45

1.56

1.38

2.00

1.99

2.52

1.93

2.13

1.65

0.70

0.56

0.59

0.60

0.43

0.54

0.71

0.76

1.07

0.95

1.56

1.56

2.10

2.74

2.32

3.56

3.31

3.70

4.99

4.10

3.18

2.49

2.17

1.63

1.55

1.52

1.57

1.37

1.27

1.11

1.09

0.85

0.79

0.81

0.85

0.90

0.88

0.92

0.90

0.89

0.91

0.82

0.96

0.94

-

-

-

-

0.99

1.09

1.08

1.17

1.22

1.03

1.10

-

-

-

-

1.40

1.42

1.87

1.48

1.40

1.25

1.31

1.12

0.96

0.88

0.76

0.75

0.65

0.68

0.83

0.95

0.82

0.83

0.78

0.75

0.91

1.20

1.23

1.27

1.03

1.02

1.05

0.98

0.89

0.86

0.77

0.63

0.82

0.86

0.98

1.11

0.99

0.87

0.99

0.92

0.97

0.76

0.78

1.00

0.96

1.13

0.80

0.56

0.61

0.52

0.53

0.68

P/Tangible BV

1.86

1.91

2.10

1.96

1.74

2.20

1.45

1.57

1.60

1.75

1.56

1.53

1.37

1.36

1.55

1.76

1.74

2.01

2.20

2.36

2.14

2.19

2.66

2.60

1.99

1.81

1.76

1.60

1.41

1.21

1.24

1.03

1.10

1.05

1.08

1.03

1.03

1.03

0.97

0.90

0.99

0.82

0.84

0.89

1.05

1.15

1.15

1.18

1.08

0.88

0.94

0.97

0.82

0.89

0.87

0.73

0.70

0.65

0.72

0.61

0.75

0.79

0.95

0.89

0.88

0.86

0.80

0.87

0.94

0.87

1.18

1.23

1.10

0.95

0.83

0.91

0.73

0.88

0.91

0.91

1.01

1.27

1.39

1.47

1.87

1.82

1.44

1.25

1.03

1.09

1.24

1.23

1.36

1.23

1.07

1.18

1.03

0.91

0.82

0.90

0.89

0.96

1.02

1.09

0.93

0.97

1.04

1.11

0.94

1.01

1.29

1.22

1.42

1.24

1.10

1.76

2.10

1.82

1.74

1.30

0.93

1.01

0.89

0.85

0.65

0.66

0.68

0.67

0.59

0.56

0.58

0.61

0.65

0.64

0.73

0.82

0.69

0.74

0.68

0.71

0.78

0.89

1.02

1.15

1.10

1.19

1.00

0.89

0.94

0.97

0.94

1.10

0.97

0.94

1.00

0.98

1.01

1.04

1.02

1.03

1.15

1.08

1.51

1.52

1.27

1.22

1.23

1.16

1.81

1.96

2.35

2.79

2.60

2.68

2.18

2.48

2.16

2.26

2.67

2.25

1.94

1.67

1.57

1.68

1.49

2.36

2.35

2.82

2.16

2.38

1.84

0.75

0.60

0.63

0.64

0.46

0.58

0.76

0.82

1.15

1.03

1.68

1.68

2.23

2.91

2.46

3.77

3.51

3.93

5.36

4.41

3.42

2.67

2.33

1.75

1.64

1.62

1.67

1.45

1.35

1.18

1.17

0.91

0.84

0.86

0.90

0.95

0.92

0.97

0.95

0.93

0.96

0.86

1.01

0.99

-

-

-

-

0.99

1.09

1.08

1.17

1.22

1.03

1.10

-

-

-

-

1.40

1.42

1.87

1.48

1.40

1.25

1.31

1.12

0.96

0.88

0.76

0.75

0.65

0.68

0.83

0.95

0.82

0.83

0.78

0.75

0.91

1.20

1.23

1.27

1.03

1.02

1.05

0.98

0.89

0.86

0.77

0.63

0.82

0.86

1.46

1.66

0.99

0.87

0.99

0.92

0.97

0.76

0.78

1.00

0.96

1.68

1.19

0.84

0.92

0.52

0.53

0.68

TEV/LTM Total Revenue

1.74

1.74

1.77

1.78

1.74

1.84

1.75

1.76

1.76

1.76

1.74

1.83

2.12

2.10

2.12

2.17

2.16

2.56

2.60

3.15

3.00

3.05

3.31

3.90

3.61

3.53

3.54

3.47

3.22

3.23

3.24

2.84

2.96

2.86

2.88

2.86

2.81

2.86

2.78

2.68

2.74

2.63

2.62

3.00

3.12

3.09

3.07

3.09

2.70

2.64

2.65

2.69

2.57

2.31

2.31

2.05

2.02

1.91

1.87

1.62

1.70

1.74

1.80

1.76

1.76

1.77

1.76

1.77

1.81

1.77

1.89

1.60

1.56

1.46

1.41

1.44

1.35

1.51

1.42

1.41

1.50

1.62

1.66

1.71

1.86

1.85

1.79

1.71

1.55

1.56

1.62

1.53

1.58

1.56

1.48

1.61

1.44

1.40

1.37

1.42

1.40

1.49

1.52

1.52

1.42

1.42

1.38

1.46

1.25

1.29

1.45

1.40

1.47

1.51

1.53

1.86

2.08

1.76

1.80

1.58

1.21

1.20

1.21

1.14

1.06

1.24

1.21

1.03

1.01

1.01

1.02

1.03

1.08

1.08

1.10

1.12

1.09

1.06

1.06

0.98

1.00

1.06

1.06

1.05

1.04

1.08

1.04

0.99

1.02

0.98

0.98

1.05

1.07

1.09

1.10

1.07

1.12

1.10

1.08

1.15

1.22

1.25

1.40

1.49

1.43

1.39

1.49

1.46

1.83

1.82

1.96

1.89

1.89

1.81

1.67

1.83

1.72

1.74

1.94

1.90

1.79

1.72

1.71

1.71

1.62

1.69

1.71

1.67

1.51

1.50

1.50

1.33

1.23

1.15

1.13

1.13

1.10

1.18

1.18

1.34

1.28

1.51

1.62

2.00

2.36

2.32

2.86

2.68

2.52

2.76

2.51

2.04

1.71

1.75

1.69

1.58

1.45

1.45

1.32

1.29

1.26

1.39

1.33

1.35

1.37

1.36

1.34

1.33

1.35

1.34

1.35

1.36

1.33

1.55

1.56

1.67

1.70

1.75

1.31

1.56

1.67

1.63

1.77

1.71

1.58

1.78

1.66

1.81

1.85

1.97

2.36

2.13

2.30

2.17

2.00

1.92

1.90

1.82

1.61

1.61

1.36

1.35

1.23

1.24

1.32

1.38

1.32

1.32

1.30

1.21

1.30

1.46

1.47

1.50

1.38

1.36

1.39

1.34

1.29

1.28

1.23

1.15

1.25

1.28

1.42

1.50

1.60

1.53

1.60

1.56

1.60

1.47

1.48

1.61

1.59

1.85

1.64

1.50

1.53

1.68

1.69

1.79

Market Cap/LTM Total Revenue

0.55

0.55

0.58

0.60

0.55

0.62

0.52

0.54

0.54

0.54

0.52

0.54

0.69

0.67

0.69

0.74

0.73

0.83

0.87

1.10

0.95

1.00

1.26

1.50

1.43

1.35

1.35

1.28

1.04

1.05

1.06

0.89

1.02

0.92

0.93

0.95

1.03

1.08

1.00

0.90

0.96

0.86

0.85

0.90

1.02

0.98

0.97

1.04

0.88

0.82

0.83

0.87

0.75

0.69

0.69

0.54

0.51

0.40

0.45

0.35

0.42

0.47

0.53

0.49

0.49

0.47

0.46

0.52

0.55

0.52

0.64

0.68

0.67

0.58

0.52

0.55

0.47

0.53

0.44

0.45

0.55

0.67

0.71

0.76

0.92

0.92

0.86

0.78

0.61

0.61

0.66

0.62

0.67

0.65

0.57

0.62

0.57

0.54

0.51

0.56

0.53

0.53

0.55

0.62

0.52

0.52

0.48

0.50

0.45

0.48

0.65

0.60

0.67

0.57

0.60

0.90

1.11

0.80

0.84

0.63

0.42

0.41

0.42

0.35

0.27

0.26

0.23

0.23

0.21

0.21

0.22

0.23

0.25

0.25

0.27

0.29

0.26

0.26

0.26

0.24

0.27

0.32

0.33

0.35

0.36

0.40

0.36

0.31

0.34

0.33

0.33

0.40

0.41

0.43

0.44

0.43

0.52

0.50

0.48

0.55

0.62

0.63

0.79

0.87

0.81

0.77

0.87

0.84

0.98

0.97

1.11

1.05

1.05

0.85

0.72

0.82

0.70

0.73

0.92

0.89

0.78

0.71

0.70

0.70

0.61

0.61

0.64

0.69

0.53

0.52

0.53

0.50

0.40

0.32

0.30

0.31

0.27

0.35

0.35

0.51

0.46

0.69

0.79

1.08

1.44

1.40

1.94

1.76

1.60

1.78

1.53

1.02

0.69

0.73

0.67

0.64

0.52

0.52

0.38

0.35

0.33

0.29

0.23

0.25

0.27

0.26

0.24

0.30

0.32

0.31

0.32

0.32

0.29

0.35

0.36

0.44

0.47

0.51

0.53

0.67

0.78

0.74

0.88

0.82

0.69

0.81

0.83

0.88

0.92

1.06

1.35

1.05

1.22

1.09

0.92

0.84

0.81

0.73

0.67

0.66

0.41

0.40

0.34

0.36

0.44

0.50

0.43

0.44

0.41

0.41

0.50

0.66

0.67

0.69

0.58

0.57

0.59

0.55

0.50

0.48

0.43

0.35

0.46

0.48

0.57

0.65

0.61

0.54

0.61

0.57

0.61

0.47

0.49

0.62

0.60

0.71

0.50

0.35

0.39

0.36

0.37

0.47

TEV/LTM EBITDA

9.83

9.84

9.99

10.09

9.83

9.92

9.55

8.71

8.68

8.72

8.60

9.62

14.30

14.22

14.33

14.66

14.57

24.77

25.16

96.53

91.92

93.44

101.53

-

67.10

65.61

65.72

64.40

59.84

40.95

41.02

20.96

21.86

21.11

21.20

19.23

16.10

16.34

15.92

15.35

15.70

14.81

14.73

16.62

17.29

17.08

17.01

18.69

22.96

22.47

22.59

22.92

21.86

12.24

12.23

11.58

11.45

10.83

9.94

7.30

10.27

10.55

10.93

10.67

10.68

7.60

7.55

11.27

11.48

11.23

12.02

10.40

10.28

9.64

9.25

9.48

8.91

9.30

8.75

8.54

9.10

9.86

10.09

10.36

10.87

10.85

10.49

10.01

9.06

9.54

9.86

9.19

9.49

9.36

8.89

8.70

7.39

7.20

7.04

7.32

7.17

7.30

7.42

7.50

7.00

6.97

6.80

7.47

6.36

6.53

7.39

7.13

7.49

8.97

9.10

12.67

14.12

11.96

12.27

12.85

-

-

-

-

-

12.93

12.60

-

-

-

-

11.87

11.15

11.21

11.37

11.59

11.32

10.23

10.18

8.92

9.14

9.65

9.72

9.22

9.43

9.77

9.42

8.97

9.20

8.89

8.89

9.34

9.51

9.63

9.72

8.68

7.74

7.60

7.44

7.96

8.46

8.14

9.17

9.13

8.72

8.48

9.12

9.16

12.18

12.10

13.02

12.60

12.61

15.13

14.02

17.77

16.61

16.85

18.75

31.95

30.06

28.90

28.73

28.72

27.22

63.81

64.72

152.72

138.36

137.12

137.91

-

-

-

-

-

-

-

-

-

-

-

-

16.04

18.96

18.61

22.95

21.52

20.20

24.86

22.62

18.66

15.66

16.03

15.48

16.38

15.07

15.07

13.67

13.37

13.10

16.88

16.19

15.53

15.82

15.67

15.44

11.74

11.90

11.81

11.87

11.94

11.68

14.60

14.70

-

-

-

-

9.27

9.94

9.73

10.57

10.19

9.41

8.28

7.84

-

-

-

17.83

15.19

16.40

15.47

14.28

13.69

17.96

17.19

7.52

7.48

6.32

6.27

6.24

6.30

6.72

7.03

6.69

6.72

6.59

6.29

6.74

7.57

7.65

7.76

7.71

7.65

7.77

7.52

7.24

7.15

6.87

6.44

7.03

7.15

7.01

7.39

6.07

5.81

6.07

5.93

6.05

5.55

5.60

6.10

6.02

6.70

5.95

5.41

5.53

8.55

8.60

9.11

TEV/LTM EBIT

87.88

88.00

89.35

90.27

87.89

67.02

63.03

39.78

39.69

39.87

39.31

76.79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209.72

207.37

196.17

87.15

24.96

25.24

25.91

26.85

26.22

26.24

30.16

29.97

29.71

30.26

29.60

31.68

28.77

27.84

26.10

25.06

25.66

24.12

24.44

22.99

22.15

23.59

25.56

26.18

27.43

28.50

28.43

27.50

26.24

23.75

26.47

27.34

26.40

27.24

26.88

25.52

21.35

17.22

16.78

16.40

17.07

16.72

15.80

16.07

16.04

14.96

14.91

14.53

16.36

13.87

14.24

16.11

15.55

16.33

22.63

22.94

41.25

45.96

38.93

39.94

69.73

109.09

108.53

108.85

102.73

95.42

195.22

190.10

89.57

87.85

87.76

88.25

-

133.43

134.06

136.07

138.60

135.46

63.01

62.72

36.82

37.71

39.84

40.13

32.43

34.76

36.02

34.73

33.08

33.91

33.10

33.09

33.85

34.45

34.88

35.22

26.33

19.49

19.12

18.72

20.03

21.29

18.69

21.05

20.20

19.30

18.78

20.19

21.15

27.41

27.23

29.30

28.35

28.37

80.17

74.27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47.13

43.54

40.69

40.04

40.10

38.85

41.75

41.78

47.28

45.45

53.55

57.24

62.79

74.23

72.85

89.86

84.23

79.07

177.65

161.65

143.49

120.44

123.25

119.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142.46

145.17

148.63

111.58

19.16

20.53

20.11

21.83

21.05

19.45

15.06

14.06

21.00

21.47

22.86

88.88

111.67

120.58

113.72

104.97

100.61

-

-

14.44

14.37

12.13

12.04

12.82

12.95

13.80

14.44

13.74

13.80

13.53

14.11

15.12

16.98

17.16

17.41

21.52

21.35

21.69

21.00

20.22

19.97

19.19

17.98

19.62

19.97

17.54

18.49

11.81

11.29

11.81

11.53

11.76

10.80

10.89

11.86

11.72

13.05

11.59

10.54

10.77

37.08

37.28

39.49

Margin Analysis

Gross Margin

7.50

7.50

7.50

7.50

7.50

7.89

7.89

9.65

9.65

9.65

9.65

7.72

3.12

3.12

3.12

3.12

3.12

-4.55

-4.55

-14.78

-14.78

-21.75

-21.75

-21.75

-14.38

-14.38

-14.38

-12.07

-12.07

-12.07

-3.79

-3.79

-3.79

-2.58

-2.58

-2.58

0.34

0.34

0.34

1.22

1.22

1.22

-2.18

-2.18

-2.18

-2.82

-2.82

-2.82

-0.69

-0.69

-0.69

4.95

4.95

4.95

7.45

7.45

7.45

12.07

12.07

12.07

11.47

11.47

11.47

10.77

10.77

10.77

10.62

10.62

10.62

10.44

10.44

10.44

10.95

10.95

10.95

11.72

11.72

11.72

12.29

12.29

12.29

12.31

12.31

12.31

13.31

13.31

13.31

13.15

13.15

13.15

14.25

14.25

14.25

16.02

16.02

16.02

17.02

17.02

17.02

17.95

17.95

17.95

18.15

18.15

18.15

18.05

18.05

18.05

18.23

18.23

18.23

16.34

16.34

16.34

14.47

14.47

14.47

12.17

12.17

12.17

11.28

11.28

11.28

11.12

11.12

11.12

11.83

11.83

11.83

11.26

11.26

11.26

11.66

11.66

11.66

13.32

13.32

13.32

14.40

14.40

14.40

15.32

15.32

15.32

15.63

15.63

15.63

15.50

15.50

15.50

15.86

15.86

15.86

16.84

16.84

16.84

18.60

18.60

18.60

19.40

19.40

19.40

20.00

20.00

20.00

19.56

19.56

19.56

19.09

19.09

19.09

15.09

15.09

15.09

13.58

13.58

13.58

12.16

12.16

12.16

8.61

8.61

8.61

4.97

4.97

4.97

3.07

3.07

3.07

3.53

3.53

3.53

5.87

5.87

5.87

12.03

12.03

12.03

15.20

15.20

15.20

15.20

15.20

14.86

16.22

16.22

16.22

16.22

16.22

14.53

14.53

14.11

14.11

14.11

14.11

13.31

13.15

13.15

13.15

12.06

12.06

12.06

11.63

11.63

11.63

11.63

11.63

12.18

14.45

14.45

14.45

14.56

14.56

14.56

23.67

23.67

23.67

23.67

23.67

19.79

31.15

31.15

31.15

33.98

33.98

33.98

29.97

29.97

29.97

28.59

28.59

28.59

19.74

19.74

19.74

21.16

21.16

21.16

31.26

31.26

31.26

35.57

35.57

35.57

34.83

34.83

34.83

34.06

34.06

34.06

33.81

33.81

33.81

33.54

33.54

33.54

32.77

32.77

32.77

31.97

31.97

31.97

33.21

33.21

33.21

34.53

34.53

34.53

37.52

37.52

37.52

40.75

40.75

40.75

41.43

41.43

41.43

42.15

42.15

42.15

42.15

42.15

SG&A Margin

6.32

6.32

6.32

6.32

6.32

6.31

6.31

6.35

6.35

6.35

6.35

6.51

7.48

7.48

7.48

7.48

7.48

7.89

7.89

8.54

8.54

9.32

9.32

9.32

8.30

8.30

8.30

8.86

8.86

8.86

8.42

8.42

8.42

8.53

8.53

8.53

8.37

8.37

8.37

8.71

8.71

8.71

9.39

9.39

9.39

9.75

9.75

9.75

10.16

10.16

10.16

9.13

9.13

9.13

8.47

8.47

8.47

7.75

7.75

7.75

7.46

7.46

7.46

7.40

7.40

7.40

7.47

7.47

7.47

7.54

7.54

7.54

7.73

7.73

7.73

7.89

7.89

7.89

7.96

7.96

7.96

8.15

8.15

8.15

7.81

7.81

7.81

8.08

8.08

8.08

8.21

8.21

8.21

8.20

8.20

8.20

8.32

8.32

8.32

8.08

8.08

8.08

8.23

8.23

8.23

8.71

8.71

8.71

8.83

8.83

8.83

9.37

9.37

9.37

9.65

9.65

9.65

9.61

9.61

9.61

9.83

9.83

9.83

10.11

10.11

10.11

10.28

10.28

10.28

10.62

10.62

10.62

10.35

10.35

10.35

10.36

10.36

10.36

9.90

9.90

9.90

9.66

9.66

9.66

9.70

9.70

9.70

9.60

9.60

9.60

9.80

9.80

9.80

9.82

9.82

9.82

9.99

9.99

9.99

9.90

9.90

9.90

9.94

9.94

9.94

9.98

9.98

9.98

9.71

9.71

9.71

10.03

10.03

10.03

10.32

10.32

10.32

10.68

10.68

10.68

10.82

10.82

10.82

10.55

10.55

10.55

10.14

10.14

10.14

9.66

9.66

9.66

9.55

9.55

9.55

9.38

9.38

9.38

9.55

9.55

9.55

9.55

9.55

9.61

10.66

10.66

10.66

10.66

10.66

10.69

10.69

10.49

10.49

10.49

10.49

10.38

11.22

11.22