pww.comChina Coal Energy Company Limited - SEHK:1898

Profile

Price

HKD$ 9.06

()

Market Cap

HKD$ 149.313B

Shares Out

16512.163 M

Employees

47122

Dividends

Yield

6.53 %

Payout (TTM)

83.83 %

DPS (TTM)

0.663

DPS Growth 3Yr

30.31 %

DPS Growth 5Yr

49.99 %

DPS Growth 10Yr

45.71 %

FinancialHealth

Cash

-

Net Debt

HKD$ -40.342B

Debt/Equity (TTM)

34.24 %

Returns(TTM)

ROA

4.84 %

ROE

11.82 %

ROCE

11.35 %

Valuation(TTM)

P/E

8.702

P/B

1.016

P/FCF

6.323 %

Margins(TTM)

Gross

23.1 %

Operating

17.46 %

Pre-Tax

16.44 %

Net

10.2 %

FCFPS

1.66 %

Growth(CAGR)

RevPS 3Yr

0.352 %

RevPS 5Yr

0.849 %

RevPS 10Yr

1.336 %

NetIncomePS 3Yr

1.162 %

NetIncomePS 5Yr

4.675 %

NetIncomePS 10Yr

4.444 %

  • Last Price

    HKD$ 9.06

  • 5D

    1.342%

  • 1M

    -0.658%

  • 3M

    -6.886%

  • 1Y

    7.092%

China Coal Energy Company Limited (SEHK:1898) shows a mixed outlook. On the bullish side, it maintains stable production and cost control, with a 1.1% year-over-year increase in coal output and reduced sales costs. The company has a strong financial position, reporting a net cash flow of CNY 21.7 billion and reduced debt. Positive market factors include stable pricing expectations and government support. However, bearish factors include declining coal prices, increased competition from imports, rising operational costs, and regulatory constraints. The company lacks immediate plans for new asset acquisitions, which may limit growth. Investors should watch how it balances these challenges with its strategic initiatives.

Valuation And Growth

Segments

Guidance and Outlook

Bulls - Bears Say

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-31-2006

Valuation Multiples

TEV/LTM Unlevered FCF

7.97

7.95

8.30

8.47

8.87

9.38

8.59

9.61

10.13

10.77

9.50

6.65

9.14

9.06

7.55

7.23

6.67

4.20

3.91

4.62

4.63

4.60

5.10

4.45

3.93

3.99

3.92

4.23

3.79

4.87

4.77

3.78

4.22

4.18

4.03

4.61

5.78

5.36

5.51

5.33

5.77

8.87

8.56

12.75

12.65

12.75

12.42

11.73

9.63

8.79

9.04

8.99

8.54

14.89

15.05

11.91

11.54

11.54

11.66

12.51

13.31

13.70

14.16

14.02

13.85

10.31

10.22

13.34

13.52

13.47

13.93

15.65

23.33

22.49

22.24

22.55

23.23

23.24

22.95

43.54

43.48

44.32

44.64

21.36

49.28

51.45

48.99

49.10

49.21

42.57

43.92

25.47

24.71

23.64

24.46

75.57

33.62

33.42

32.69

33.70

35.01

-

-

68.45

66.97

65.03

66.92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210.13

209.61

239.80

261.15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102.23

94.73

-

-

-

-

-

-

-

-

-

-

-

-

160.65

122.68

112.92

96.35

-

-

-

-

-

-

72.28

83.79

99.38

-

-

-

-

-

-

-

-

-

-

52.39

50.48

39.50

33.69

25.51

-

-

-

-

Market Cap/LTM Levered FCF

7.71

7.68

8.06

8.25

8.70

9.39

8.52

9.42

10.01

10.73

9.29

6.28

8.92

8.84

7.13

6.78

6.15

3.68

3.37

4.03

4.04

4.01

4.56

3.70

3.25

3.32

3.24

3.57

3.10

3.83

3.72

2.74

3.22

3.17

3.01

3.19

3.64

3.18

3.34

3.14

3.63

5.99

5.64

8.28

8.16

8.28

7.86

6.85

5.10

4.04

4.36

4.29

3.72

7.61

7.85

5.68

5.17

5.16

5.34

5.76

6.64

7.18

7.83

7.63

7.39

4.86

4.75

6.52

6.77

6.70

7.33

8.58

15.27

13.89

13.49

13.99

15.10

14.19

13.73

50.36

50.16

52.84

53.89

12.58

76.15

84.09

75.11

75.50

75.89

46.86

50.32

18.97

17.69

15.90

17.27

-

37.78

37.26

35.28

38.01

41.54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144.28

134.68

-

-

-

-

-

-

-

-

-

-

-

-

272.08

215.89

201.45

176.93

-

-

-

-

-

-

115.60

130.49

150.65

-

-

-

-

-

-

-

-

-

-

59.75

57.65

45.59

39.21

30.23

-

-

-

-

P/LTM Normalized EPS

8.72

8.61

8.95

8.89

9.34

9.23

8.87

7.52

8.66

9.36

7.51

6.37

8.81

8.92

7.40

6.90

6.40

6.03

5.25

4.31

4.46

4.53

5.15

4.75

3.98

4.11

4.17

4.70

3.79

4.60

4.53

4.53

4.94

5.35

4.97

5.17

5.09

4.54

4.71

4.10

4.96

7.95

7.43

8.00

7.94

7.99

7.22

8.71

9.93

7.00

7.25

6.84

5.88

5.95

6.14

5.41

4.96

5.25

5.84

5.30

7.34

7.75

9.00

9.03

9.11

9.73

9.48

10.56

11.25

11.08

11.98

11.77

14.65

14.18

13.23

13.45

15.08

12.10

12.24

14.42

14.24

15.12

14.99

14.91

11.60

13.09

11.44

11.44

11.57

16.60

17.72

17.48

17.12

15.49

17.12

32.55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103.87

40.56

41.43

47.15

46.96

46.09

36.33

37.77

23.53

20.22

22.17

21.02

15.24

9.52

9.30

10.45

12.46

11.41

8.37

8.24

6.58

6.46

8.05

9.49

9.66

11.45

12.88

12.54

11.64

11.46

10.23

9.33

9.58

8.50

9.64

11.94

12.24

13.78

13.48

13.37

13.96

15.78

12.57

18.56

21.21

19.78

19.85

20.42

20.98

19.93

20.43

21.80

22.05

24.06

25.19

21.50

22.15

20.21

21.82

24.60

29.07

29.70

28.54

34.16

31.52

26.77

20.64

19.96

21.77

18.40

18.48

13.51

10.83

9.32

11.14

11.95

9.03

8.68

17.77

29.48

31.40

39.56

50.75

47.85

39.12

50.95

51.58

70.68

71.11

74.57

66.64

45.65

44.05

34.83

29.96

23.09

-

-

-

-

P/LTM EPS

6.48

6.40

6.65

6.60

6.94

6.84

6.58

5.62

6.47

6.99

5.60

4.71

6.69

6.78

5.62

5.24

4.86

4.51

3.93

3.51

3.63

3.69

4.19

3.83

3.53

3.64

3.69

4.16

3.36

4.23

4.17

3.98

4.34

4.70

4.37

4.80

3.91

3.49

3.61

3.15

3.81

5.87

5.48

6.01

5.96

6.00

5.42

6.77

9.36

6.60

6.83

6.45

5.54

5.74

5.92

4.99

4.57

4.83

5.38

4.58

6.03

6.37

7.40

7.42

7.49

8.24

8.03

9.65

10.29

10.13

10.95

11.02

9.62

9.31

8.69

8.83

9.90

10.47

10.60

13.02

12.86

13.65

13.53

14.36

12.03

13.58

11.87

11.87

12.00

13.94

14.88

13.55

13.27

12.01

13.27

23.40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170.15

207.86

211.00

229.41

59.20

41.44

42.33

48.18

47.98

47.09

32.33

33.61

20.14

17.31

18.98

17.99

12.65

7.49

7.32

8.22

9.81

8.98

6.79

6.68

5.36

5.26

6.55

7.73

7.95

9.49

10.67

10.39

9.65

9.50

8.27

7.55

7.77

6.89

7.81

9.68

9.86

11.22

10.98

10.75

11.23

12.69

10.49

15.49

17.50

16.32

16.38

16.85

17.29

16.24

16.64

17.76

17.96

19.60

19.64

16.76

17.30

15.78

17.04

19.21

23.73

24.24

23.30

27.88

25.73

21.85

17.44

16.87

18.80

15.89

15.96

11.67

9.71

8.08

9.65

10.36

7.82

7.52

13.47

22.35

23.80

26.78

34.36

32.40

29.37

38.25

38.72

53.06

53.38

55.98

50.03

39.44

38.05

30.09

25.88

19.95

-

-

-

-

P/BV

0.72

0.72

0.74

0.74

0.78

0.81

0.78

0.65

0.74

0.80

0.65

0.64

0.73

0.74

0.61

0.57

0.53

0.54

0.47

0.47

0.49

0.50

0.56

0.53

0.55

0.57

0.58

0.65

0.53

0.65

0.64

0.54

0.59

0.64

0.59

0.56

0.48

0.42

0.44

0.38

0.46

0.61

0.57

0.50

0.49

0.50

0.45

0.40

0.37

0.26

0.27

0.26

0.22

0.23

0.24

0.24

0.22

0.23

0.26

0.26

0.31

0.33

0.38

0.38

0.39

0.39

0.38

0.37

0.39

0.39

0.42

0.41

0.43

0.42

0.39

0.39

0.44

0.41

0.41

0.37

0.37

0.39

0.39

0.39

0.42

0.48

0.42

0.42

0.42

0.48

0.52

0.52

0.51

0.46

0.51

0.54

0.58

0.58

0.52

0.56

0.62

0.57

0.50

0.54

0.53

0.46

0.48

0.43

0.35

0.36

0.40

0.42

0.45

0.39

0.45

0.53

0.65

0.66

0.71

0.52

0.50

0.51

0.58

0.58

0.57

0.55

0.58

0.57

0.49

0.54

0.51

0.52

0.53

0.52

0.58

0.69

0.63

0.56

0.55

0.52

0.51

0.63

0.75

0.86

0.95

1.07

1.04

0.96

0.95

0.93

0.85

0.91

0.80

0.91

1.13

1.15

1.34

1.31

1.14

1.19

1.35

1.01

1.49

1.68

1.57

1.57

1.62

1.62

1.75

1.80

1.92

1.94

2.11

2.07

1.77

1.79

1.63

1.76

1.98

2.03

2.07

1.99

2.38

2.20

1.87

1.80

1.74

1.95

1.65

1.65

1.21

1.05

0.90

1.08

1.15

0.87

0.84

1.57

2.61

2.78

2.73

3.50

3.30

6.24

8.12

8.23

11.27

11.34

11.89

10.63

8.39

8.10

6.40

5.51

4.24

-

-

-

-

P/Tangible BV

1.14

1.12

1.17

1.16

1.22

1.30

1.25

1.02

1.18

1.27

1.02

1.04

1.12

1.13

0.94

0.88

0.81

0.86

0.75

0.72

0.75

0.76

0.86

0.85

0.91

0.94

0.95

1.07

0.87

1.10

1.08

0.93

1.01

1.10

1.02

1.03

0.86

0.76

0.79

0.69

0.83

1.14

1.07

0.94

0.93

0.94

0.85

0.79

0.74

0.52

0.54

0.51

0.44

0.48

0.49

0.45

0.41

0.44

0.48

0.51

0.57

0.60

0.70

0.70

0.71

0.71

0.69

0.67

0.72

0.71

0.76

0.77

0.77

0.74

0.69

0.71

0.79

0.74

0.75

0.65

0.65

0.69

0.68

0.71

0.76

0.86

0.75

0.75

0.76

0.89

0.95

0.96

0.94

0.85

0.94

1.04

1.11

1.10

0.99

1.06

1.19

1.10

0.97

1.01

1.00

0.86

0.91

0.81

0.65

0.66

0.74

0.78

0.83

0.71

0.83

0.96

1.18

1.19

1.30

0.93

0.87

0.89

1.01

1.01

0.99

0.97

1.01

0.98

0.84

0.93

0.88

0.89

0.89

0.87

0.98

1.17

1.07

0.97

0.95

0.88

0.86

1.07

1.26

1.48

1.60

1.80

1.76

1.63

1.61

1.57

1.44

1.47

1.31

1.48

1.83

1.88

1.79

1.76

1.53

1.59

1.80

1.40

2.06

2.33

2.17

2.18

2.24

2.28

2.47

2.53

2.70

2.73

2.98

2.95

2.52

2.39

2.18

2.35

2.65

2.38

2.43

2.34

2.80

2.58

2.19

2.12

2.05

2.29

1.93

1.94

1.42

1.24

1.07

1.28

1.38

1.04

1.00

1.88

3.11

3.31

3.28

4.21

3.97

7.11

9.27

9.38

12.85

12.93

13.56

12.12

8.48

8.18

6.47

5.57

4.29

-

-

-

-

TEV/LTM Total Revenue

0.86

0.86

0.90

0.92

0.96

1.09

1.00

0.89

0.94

1.00

0.88

0.79

0.84

0.84

0.70

0.67

0.62

0.60

0.55

0.54

0.54

0.54

0.60

0.56

0.57

0.58

0.57

0.62

0.55

0.65

0.64

0.57

0.64

0.63

0.61

0.64

0.71

0.66

0.67

0.65

0.70

0.99

0.96

1.04

1.03

1.04

1.02

1.08

1.05

0.95

0.98

0.98

0.93

1.03

1.04

1.04

1.01

1.01

1.02

1.03

1.15

1.18

1.22

1.21

1.20

1.27

1.26

1.34

1.36

1.35

1.40

1.46

1.56

1.50

1.48

1.50

1.55

1.62

1.60

1.64

1.64

1.67

1.68

1.87

2.00

2.09

1.99

1.99

2.00

2.31

2.39

2.51

2.44

2.33

2.41

2.75

2.94

2.92

2.86

2.95

3.06

2.95

2.91

2.77

2.71

2.64

2.71

2.62

2.35

2.33

2.53

2.55

2.61

2.42

2.57

2.67

3.18

2.75

2.89

2.29

2.01

2.03

2.13

1.91

1.87

1.73

1.69

1.61

1.54

1.56

1.56

1.43

1.34

1.35

1.42

1.52

1.47

1.38

1.37

1.20

1.18

1.41

1.46

1.43

1.44

1.53

1.49

1.36

1.38

1.20

1.14

1.13

1.13

1.29

1.41

1.35

1.40

1.34

1.32

1.35

1.44

1.37

1.62

1.77

1.65

1.63

1.74

1.83

1.95

1.91

2.02

1.98

2.27

1.88

1.74

1.98

1.70

1.93

2.21

2.66

2.71

2.70

3.18

3.16

2.84

2.44

2.35

3.19

2.44

2.24

1.91

1.51

1.19

1.31

1.13

1.03

1.00

2.36

2.74

3.25

3.77

4.93

4.66

5.91

7.33

6.31

8.65

8.71

9.13

8.16

5.77

5.56

4.35

3.71

2.81

-

-

-

-

Market Cap/LTM Total Revenue

0.76

0.76

0.80

0.82

0.86

1.00

0.91

0.78

0.82

0.88

0.77

0.68

0.73

0.73

0.59

0.56

0.51

0.49

0.44

0.43

0.43

0.43

0.49

0.43

0.44

0.45

0.44

0.48

0.42

0.47

0.46

0.39

0.45

0.45

0.43

0.41

0.40

0.35

0.36

0.34

0.40

0.58

0.54

0.53

0.52

0.53

0.50

0.49

0.44

0.35

0.38

0.37

0.32

0.34

0.35

0.36

0.33

0.33

0.34

0.34

0.41

0.44

0.48

0.47

0.46

0.48

0.47

0.48

0.50

0.50

0.54

0.57

0.62

0.56

0.55

0.57

0.61

0.62

0.60

0.59

0.59

0.62

0.63

0.73

0.85

0.93

0.83

0.84

0.84

0.99

1.06

1.12

1.04

0.94

1.02

1.17

1.23

1.21

1.15

1.24

1.35

1.19

1.15

1.08

1.02

0.94

1.01

0.98

0.83

0.81

1.01

1.03

1.09

0.98

1.12

1.27

1.79

1.36

1.50

1.09

0.93

0.94

1.05

0.83

0.79

0.76

0.71

0.70

0.63

0.65

0.65

0.65

0.63

0.65

0.71

0.81

0.76

0.78

0.77

0.70

0.69

0.91

0.97

1.01

1.11

1.20

1.16

1.03

1.05

0.98

0.92

1.02

1.02

1.18

1.29

1.26

1.39

1.33

1.31

1.34

1.43

1.37

1.62

1.81

1.68

1.67

1.78

1.91

2.04

2.00

2.12

2.07

2.36

2.07

1.94

2.19

1.91

2.15

2.43

3.09

3.13

3.13

3.60

3.59

3.26

2.91

2.83

3.65

2.90

2.70

2.37

1.94

1.65

1.76

1.58

1.48

1.46

2.92

3.30

3.80

4.39

5.55

5.28

5.93

7.36

6.33

8.68

8.73

9.16

8.18

5.99

5.78

4.57

3.93

3.03

-

-

-

-

TEV/LTM EBITDA

3.68

3.67

3.83

3.91

4.10

4.80

4.39

3.95

4.16

4.42

3.90

3.46

4.70

4.67

3.88

3.72

3.43

3.19

2.97

2.70

2.71

2.69

2.98

2.83

2.56

2.60

2.55

2.75

2.47

3.18

3.12

3.09

3.45

3.42

3.29

3.71

3.37

3.13

3.21

3.11

3.37

5.66

5.46

5.70

5.66

5.70

5.55

6.04

6.12

5.59

5.75

5.71

5.43

5.84

5.90

5.62

5.45

5.44

5.50

5.49

6.43

6.62

6.84

6.77

6.69

6.63

6.58

7.50

7.60

7.58

7.84

8.08

6.68

6.44

6.37

6.46

6.66

8.76

8.65

8.86

8.85

9.02

9.09

9.36

8.83

9.22

8.78

8.80

8.82

10.17

10.49

11.41

11.07

10.59

10.96

13.77

17.46

17.36

16.97

17.50

18.18

20.00

19.72

20.80

20.35

19.76

20.34

20.76

22.33

22.21

24.10

24.27

24.85

21.71

22.99

23.62

28.19

24.37

25.62

20.07

17.26

17.36

18.25

16.38

16.05

15.13

14.74

12.84

12.29

12.44

12.45

10.55

8.31

8.38

8.79

9.40

9.11

7.07

7.00

6.16

6.10

7.24

7.54

7.02

7.42

7.87

7.67

6.99

7.07

6.31

5.98

5.63

5.61

6.42

7.00

6.83

7.29

6.98

6.61

6.75

7.21

6.94

8.18

8.93

8.31

8.23

8.79

9.01

9.04

8.87

9.40

9.18

10.52

8.62

7.99

8.76

7.51

8.57

9.80

12.56

12.76

12.73

14.98

14.91

13.38

10.46

10.11

14.19

10.83

9.97

8.51

6.23

4.85

5.32

4.58

4.17

4.08

9.91

11.49

13.63

16.12

21.11

19.94

26.54

32.95

28.35

38.88

39.12

41.03

36.66

28.58

27.54

21.55

18.38

13.92

-

-

-

-

TEV/LTM EBIT

5.08

5.06

5.28

5.39

5.65

6.46

5.91

5.44

5.73

6.09

5.37

4.62

6.52

6.47

5.38

5.16

4.76

4.38

4.08

3.52

3.53

3.51

3.89

3.70

3.23

3.28

3.22

3.47

3.12

4.01

3.92

4.03

4.50

4.46

4.30

5.04

5.62

5.22

5.36

5.19

5.61

8.35

8.06

8.64

8.57

8.64

8.42

9.90

10.43

9.51

9.79

9.73

9.24

10.01

10.12

9.75

9.45

9.44

9.55

9.04

9.77

10.05

10.39

10.29

10.16

10.99

10.90

12.20

12.36

12.32

12.74

13.33

14.68

14.15

14.00

14.19

14.61

14.39

14.22

16.09

16.07

16.38

16.50

16.83

13.56

14.15

13.48

13.51

13.54

17.25

17.79

19.70

19.11

18.28

18.91

28.37

60.26

59.91

58.60

60.42

62.77

96.74

95.38

214.32

209.68

203.60

209.53

191.62

118.14

117.50

127.50

128.41

131.45

108.39

114.77

76.60

91.39

79.01

83.05

55.31

41.10

41.34

43.45

39.01

38.21

33.11

32.24

24.92

23.85

24.14

24.15

18.25

12.44

12.56

13.17

14.08

13.65

10.07

9.97

8.25

8.16

9.69

10.09

9.20

9.99

10.59

10.32

9.40

9.52

8.45

8.01

7.31

7.29

8.34

9.09

8.96

9.32

8.92

9.03

9.21

9.84

9.75

11.50

12.68

11.80

11.69

12.48

12.78

12.42

12.19

12.92

12.61

14.46

12.10

11.21

12.14

10.40

11.87

13.58

16.07

16.32

16.29

19.16

19.08

17.12

12.99

12.55

17.51

13.37

12.30

10.50

7.49

6.04

6.64

5.71

5.20

5.09

12.17

14.10

16.73

21.03

27.54

26.02

31.89

39.59

34.06

46.72

47.01

49.30

44.04

34.81

33.53

26.24

22.38

16.95

-

-

-

-

Margin Analysis

Gross Margin

25.78

25.78

25.78

25.78

25.78

25.75

25.75

25.25

25.25

25.25

25.25

25.00

23.89

23.89

23.89

24.12

24.12

24.12

25.61

25.61

25.61

25.10

25.10

25.10

23.20

23.20

23.20

21.39

21.39

21.39

18.97

18.97

18.97

17.63

17.63

17.63

13.16

13.16

13.16

14.24

14.24

14.24

15.81

15.81

15.81

17.38

17.38

17.38

25.21

25.21

25.21

26.17

26.17

26.17

27.60

27.60

27.60

27.90

27.90

27.90

29.66

29.66

29.66

29.38

29.38

29.38

28.88

28.88

28.88

28.49

28.49

28.49

29.00

29.00

29.00

29.50

29.50

29.50

29.46

29.46

29.46

32.18

32.18

32.18

35.24

35.24

35.24

36.08

36.08

36.08

35.63

35.63

35.63

33.43

33.43

33.43

30.90

30.90

30.90

31.01

31.01

31.01

31.44

31.44

31.44

30.97

30.97

30.97

30.02

30.02

30.02

28.99

28.99

28.99

28.58

28.58

28.58

29.91

29.91

29.91

30.10

30.10

30.10

31.14

31.14

31.14

31.45

31.45

31.45

31.68

31.68

31.68

33.95

33.95

33.95

35.57

35.57

35.57

35.46

35.46

35.46

35.96

35.96

35.96

34.36

34.36

34.36

33.14

33.14

33.14

34.12

34.12

34.12

33.29

33.29

33.29

32.40

32.40

32.40

32.26

32.26

32.26

32.13

32.13

32.13

33.31

33.31

33.31

34.88

34.88

34.88

34.92

34.92

34.92

35.76

35.76

35.76

35.77

35.77

35.77

34.84

34.84

34.84

36.16

36.16

36.16

40.37

40.37

40.37

40.37

40.37

37.84

41.37

41.37

41.37

41.37

41.37

45.09

43.19

43.19

43.19

43.19

43.19

45.45

45.73

45.73

45.73

49.33

49.33

49.33

45.03

45.03

45.03

40.57

40.57

40.57

30.88

30.88

30.88

SG&A Margin

3.71

3.71

3.71

3.71

3.71

3.79

3.79

3.71

3.71

3.71

3.71

3.38

3.26

3.26

3.26

3.08

3.08

3.08

2.84

2.84

2.84

2.80

2.80

2.80

2.27

2.27

2.27

2.14

2.14

2.14

2.15

2.15

2.15

2.20

2.20

2.20

-2.06

-2.06

-2.06

-0.55

-0.55

-0.55

1.14

1.14

1.14

3.17

3.17

3.17

12.13

12.13

12.13

12.65

12.65

12.65

13.28

13.28

13.28

13.31

13.31

13.31

14.29

14.29

14.29

14.15

14.15

14.15

14.30

14.30

14.30

14.11

14.11

14.11

14.37

14.37

14.37

14.93

14.93

14.93

15.22

15.22

15.22

16.78

16.78

16.78

16.79

16.79

16.79

18.25

18.25

18.25

19.14

19.14

19.14

20.25

20.25

20.25

22.79

22.79

22.79

24.91

24.91

24.91

26.98

26.98

26.98

26.41

26.41

26.41

24.89

24.89

24.89

23.57

23.57

23.57

22.44

22.44

22.44

23.30

23.30

23.30

23.06

23.06

23.06

23.67

23.67

23.67

22.84

22.84

22.84

21.81

21.81

21.81

21.27

21.27

21.27

20.01

20.01

20.01

19.12

19.12

19.12

18.60

18.60

18.60

18.00

18.00

18.00

16.99

16.99

16.99

16.91

16.91

16.91

16.42

16.42

16.42

16.11

16.11

16.11

16.57

16.57

16.57

16.17

16.17

16.17

16.95

16.95

16.95

17.21

17.21

17.21

17.28

17.28

17.28

18.47

18.47

18.47

18.44

18.44

18.44

19.87

19.87

19.87

18.87

18.87

18.87

19.58

19.58

19.58

19.58

19.58

18.72

19.32

19.32

19.32

19.32

19.32

21.65

23.30

23.30

23.30

23.30

23.30

24.95

28.97

28.97

28.97

34.86

34.86

34.86

30.02

30.02

30.02

25.46

25.46

25.46

15.16

15.16

15.16

EBITDA Margin

23.40

23.40

23.40

23.40

23.40

22.67

22.67

22.90

22.90

22.90

22.90

22.70

21.50

21.50

21.50

21.98

21.98

21.98

23.45

23.45

23.45

23.12

23.12

23.12

21.83

21.83

21.83

20.03

20.03

20.03

17.97

17.97

17.97

16.81

16.81

16.81

20.53

20.53

20.53

17.40

17.40

17.40

17.78

17.78

17.78

17.98

17.98

17.98

17.17

17.17

17.17

17.81

17.81

17.81

19.00

19.00

19.00

18.75

18.75

18.75

18.01

18.01

18.01

19.37

19.37

19.37

18.07

18.07

18.07

18.21

18.21

18.21

18.53

18.53

18.53

18.66

18.66

18.66

19.31

19.31

19.31

20.75

20.75

20.75

22.76

22.76

22.76

23.75

23.75

23.75

22.24

22.24

22.24

20.09

20.09

20.09

16.91

16.91

16.91

14.90

14.90

14.90

13.43

13.43

13.43

12.71

12.71

12.71

4.44

4.44

4.44

11.19

11.19

11.19

11.29

11.29

11.29

11.40

11.40

11.40

11.94

11.94

11.94

11.65

11.65

11.65

12.78

12.78

12.78

13.70

13.70

13.70

16.06

16.06

16.06

19.44

19.44

19.44

19.34

19.34

19.34

20.26

20.26

20.26

19.44

19.44

19.44

19.10

19.10

19.10

20.00

20.00

20.00

19.68

19.68

19.68

19.81

19.81

19.81

19.55

19.55

19.55

19.81

19.81

19.81

20.33

20.33

20.33

21.53

21.53

21.53

21.08

21.08

21.08

21.54

21.54

21.54

21.60

21.60

21.60

18.21

18.21

18.21

19.92

19.92

19.92

22.49

22.49

22.49

22.49

22.49

20.88

24.59

24.59

24.59

24.59

24.59

25.47

23.37

23.37

23.37

23.37

23.37

23.65

19.89

19.89

19.89

19.87

19.87

19.87

19.18

19.18

19.18

18.61

18.61

18.61

17.44

17.44

17.44

EBIT Margin

17.03

17.03

17.03

17.03

17.03

16.88

16.88

16.75

16.75

16.75

16.75

17.06

16.41

16.41

16.41

16.90

16.90

16.90

18.71

18.71

18.71

18.41

18.41

18.41

17.35

17.35

17.35

15.95

15.95

15.95

13.77

13.77

13.77

12.41

12.41

12.41

12.33

12.33

12.33

11.79

11.79

11.79

11.57

11.57

11.57

11.00

11.00

11.00

10.03

10.03

10.03

10.35

10.35

10.35

11.10

11.10

11.10

11.37

11.37

11.37

11.80

11.80

11.80

11.68

11.68

11.68

11.05

11.05

11.05

10.98

10.98

10.98

11.15

11.15

11.15

11.17

11.17

11.17

10.75

10.75

10.75

11.68

11.68

11.68

14.69

14.69

14.69

14.23

14.23

14.23

12.87

12.87

12.87

9.72

9.72

9.72

4.87

4.87

4.87

3.04

3.04

3.04

1.29

1.29

1.29

1.36

1.36

1.36

1.99

1.99

1.99

2.24

2.24

2.24

3.48

3.48

3.48

4.14

4.14

4.14

5.00

5.00

5.00

5.33

5.33

5.33

6.57

6.57

6.57

7.91

7.91

7.91

10.69

10.69

10.69

13.61

13.61

13.61

14.43

14.43

14.43

15.45

15.45

15.45

14.47

14.47

14.47

14.31

14.31

14.31

15.40

15.40

15.40

15.01

15.01

15.01

14.51

14.51

14.51

13.88

13.88

13.88

13.95

13.95

13.95

14.33

14.33

14.33

15.66

15.66

15.66

15.56

15.56

15.56

15.22

15.22

15.22

15.24

15.24

15.24

12.77

12.77

12.77

14.94

14.94

14.94

18.23

18.23

18.23

18.23

18.23

16.66

19.72

19.72

19.72

19.72

19.72

21.24

17.91

17.91

17.91

17.91

17.91

18.44

15.75

15.75

15.75

14.03

14.03

14.03

14.32

14.32

14.32

13.83

13.83

13.83

13.16

13.16

13.16

Earnings from Cont. Ops Margin

12.99

12.99

12.99

12.99

12.99

12.97

12.97

12.81

12.81

12.81

12.81

13.34

10.11

10.11

10.11

10.66

10.66

10.66

11.66

11.66

11.66

11.51

11.51

11.51

12.07

12.07

12.07

10.81

10.81

10.81

9.47

9.47

9.47

8.13

8.13

8.13

9.02

9.02

9.02

8.47

8.47

8.47

7.66

7.66

7.66

6.33

6.33

6.33

4.70

4.70

4.70

5.00

5.00

5.00

5.82

5.82

5.82

6.65

6.65

6.65

7.09

7.09

7.09

6.80

6.80

6.80

6.07

6.07

6.07

5.90

5.90

5.90

6.62

6.62

6.62

6.04

6.04

6.04

5.07

5.07

5.07

5.14

5.14

5.14

7.07

7.07

7.07

6.70

6.70

6.70

7.44

7.44

7.44

4.83

4.83

4.83

1.05

1.05

1.05

-0.77

-0.77

-0.77

-3.90

-3.90

-3.90

-3.48

-3.48

-3.48

-1.70

-1.70

-1.70

-0.66

-0.66

-0.66

0.91

0.91

0.91

1.73

1.73

1.73

1.88

1.88

1.88

2.44

2.44

2.44

3.80

3.80

3.80

5.22

5.22

5.22

7.91

7.91

7.91

9.96

9.96

9.96

10.77

10.77

10.77

11.47

11.47

11.47

10.85

10.85

10.85

10.97

10.97

10.97

11.78

11.78

11.78

11.57

11.57

11.57

10.76

10.76

10.76

10.22

10.22

10.22

10.30

10.30

10.30

10.62

10.62

10.62

12.40

12.40

12.40

12.52

12.52

12.52

12.32

12.32

12.32

13.20

13.20

13.20

10.56

10.56

10.56

12.16

12.16

12.16

14.89

14.89

14.89

14.89

14.89

12.20

14.68

14.68

14.68

14.68

14.68

17.35

14.86

14.86

14.86

14.86

14.86

17.06

14.92

14.92

14.92

12.57

12.57

12.57

11.05

11.05

11.05

10.18

10.18

10.18

9.52

9.52

9.52

Net Income Margin

9.48

9.48

9.48

9.48

9.48

9.90

9.90

9.68

9.68

9.68

9.68

10.12

7.75

7.75

7.75

7.89

7.89

7.89

8.54

8.54

8.54

8.28

8.28

8.28

8.54

8.54

8.54

7.63

7.63

7.63

6.66

6.66

6.66

5.73

5.73

5.73

6.56

6.56

6.56

6.17

6.17

6.17

5.50

5.50

5.50

4.19

4.19

4.19

2.97

2.97

2.97

3.20

3.20

3.20

3.72

3.72

3.72

4.35

4.35

4.35

4.17

4.17

4.17

3.86

3.86

3.86

3.25

3.25

3.25

3.22

3.22

3.22

4.08

4.08

4.08

3.38

3.38

3.38

2.80

2.80

2.80

2.81

2.81

2.81

4.38

4.38

4.38

4.49

4.49

4.49

5.18

5.18

5.18

3.34

3.34

3.34

0.07

0.07

0.07

-1.68

-1.68

-1.68

-4.70

-4.70

-4.70

-4.25

-4.25

-4.25

-2.46

-2.46

-2.46

-1.36

-1.36

-1.36

0.36

0.36

0.36

1.08

1.08

1.08

1.41

1.41

1.41

1.97

1.97

1.97

3.11

3.11

3.11

4.34

4.34

4.34

6.74

6.74

6.74

8.76

8.76

8.76

9.71

9.71

9.71

10.63

10.63

10.63

10.11

10.11

10.11

10.20

10.20

10.20

10.88

10.88

10.88

10.64

10.64

10.64

9.88

9.88

9.88

9.42

9.42

9.42

9.43

9.43

9.43

9.69

9.69

9.69

11.39

11.39

11.39

11.38

11.38

11.38

11.37

11.37

11.37

12.32

12.32

12.32

9.93

9.93

9.93

11.30

11.30

11.30

13.36

13.36

13.36

13.36

13.36

10.72

12.90

12.90

12.90

12.90

12.90

15.71

13.86

13.86

13.86

13.86

13.86

16.06

14.44

14.44

14.44

11.96

11.96

11.96

10.62

10.62

10.62

9.58

9.58

9.58

8.98

8.98

8.98

Levered Free Cash Flow Margin

9.91

9.91

9.91

9.91

9.91

10.63

10.63

8.24

8.24

8.24

8.24

10.85

10.62

10.62

10.62

15.44

15.44

15.44

12.68

12.68

12.68

13.58

13.58

13.58

13.15

13.15

13.15

12.03

12.03

12.03

13.76

13.76

13.76

12.27

12.27

12.27

10.71

10.71

10.71

9.58

9.58

9.58

6.44

6.44

6.44

7.27

7.27

7.27

8.61

8.61

8.61

4.55

4.55

4.55

6.31

6.31

6.31

5.82

5.82

5.82

6.21

6.21

6.21

9.94

9.94

9.94

7.50

7.50

7.50

6.88

6.88

6.88

4.43

4.43

4.43

4.37

4.37

4.37

1.20

1.20

1.20

5.94

5.94

5.94

0.69

0.69

0.69

2.67

2.67

2.67

5.96

5.96

5.96

-0.79

-0.79

-0.79

3.25

3.25

3.25

-5.91

-5.91

-5.91

-1.52

-1.52

-1.52

-14.27

-14.27

-14.27

-17.96

-17.96

-17.96

-18.19

-18.19

-18.19

-19.46

-19.46

-19.46

-20.69

-20.69

-20.69

-12.28

-12.28

-12.28

-20.02

-20.02

-20.02

-23.51

-23.51

-23.51

-17.11

-17.11

-17.11

-25.28

-25.28

-25.28

-20.77

-20.77

-20.77

-26.24

-26.24

-26.24

-19.89

-19.89

-19.89

-19.65

-19.65

-19.65

-10.45

-10.45

-10.45

0.08

0.08

0.08

-2.72

-2.72

-2.72

-1.62

-1.62

-1.62

-6.73

-6.73

-6.73

-3.80

-3.80

-3.80

-4.38

-4.38

-4.38

-3.70

-3.70

-3.70

0.68

0.68

0.68

-8.29

-8.29

-8.29

2.18

2.18

2.18

-2.28

-2.28

-2.28

-3.53

-3.53

-3.53

1.34