pww.comChina Eastern Airlines Corporation Limited - SEHK:670

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-30-2007May-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

17.44

17.44

17.61

17.67

17.29

43.69

42.42

-

-

-

-

23.81

93.93

93.43

94.74

97.09

98.40

175.81

175.43

-

-

-

-

-

-

-

-

-

-

-

-

11.25

11.64

11.18

11.09

-

80.41

81.81

79.38

77.08

74.69

33.16

33.15

50.59

52.52

53.44

52.95

-

25.46

25.11

25.34

25.77

25.15

21.91

21.98

14.98

14.86

14.79

15.11

11.07

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64.58

66.81

70.30

71.98

-

32.80

34.34

32.84

30.00

32.12

-

-

-

-

-

-

-

14.79

14.29

13.85

14.96

15.74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15.26

13.64

12.90

10.97

9.52

8.71

14.66

14.39

6.16

4.82

4.63

4.40

11.17

10.29

10.26

9.84

9.55

8.84

-

-

72.39

67.59

82.29

84.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22.71

25.49

24.63

24.53

-

-

-

-

-

-

-

-

35.41

32.24

30.09

29.56

-

-

-

Market Cap/LTM Levered FCF

6.67

6.67

6.89

6.95

6.49

29.75

22.08

-

-

-

-

10.28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4.35

4.82

4.26

4.15

-

-

-

-

-

-

15.20

15.18

35.69

41.16

43.78

42.39

-

10.75

10.22

10.57

11.22

10.28

8.69

8.80

4.92

4.77

4.68

5.09

3.46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10.07

9.50

8.99

10.27

11.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18.80

16.15

14.96

11.81

9.44

8.12

8.15

7.78

4.38

2.73

2.50

2.22

6.54

5.37

5.33

4.77

4.39

3.44

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-

-

-

-

-

-

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-

-

-

-

-

-

-

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-

-

-

-

-

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-

-

-

-

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-

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

-

-

-

-

22.92

27.86

26.32

26.16

-

-

-

-

-

-

-

-

62.85

53.75

47.55

46.04

-

-

-

P/LTM Normalized EPS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

36.36

47.67

53.54

61.00

53.75

54.38

78.27

76.60

66.27

70.54

67.39

76.95

75.18

43.87

37.79

35.68

39.44

37.56

23.57

24.33

18.91

21.32

23.71

22.81

21.31

34.71

37.16

36.54

32.93

30.66

29.43

30.39

32.41

32.55

32.60

31.45

34.49

27.29

26.45

27.14

25.41

24.26

39.23

41.12

30.49

28.91

29.44

26.64

35.77

15.95

17.38

21.83

20.63

23.49

21.65

23.16

42.38

50.35

35.92

36.91

46.81

-

-

-

-

-

78.23

66.72

34.03

31.32

31.59

32.14

31.54

17.14

17.07

18.69

20.04

19.23

21.83

20.94

17.68

19.51

23.32

23.32

20.86

17.88

19.45

18.35

15.58

18.14

14.03

14.68

15.37

15.64

15.64

15.11

11.98

12.90

12.24

11.43

12.96

14.50

15.16

17.59

18.21

17.53

18.14

21.31

23.34

40.28

40.16

40.53

43.85

55.74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73.10

80.24

39.18

32.54

51.45

54.34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

184.08

193.77

184.08

179.61

183.34

175.14

-

-

33.05

40.33

41.87

42.43

16.59

19.71

18.46

23.04

22.67

21.11

25.51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103.12

103.32

105.97

92.11

102.10

112.49

96.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

215.69

209.75

216.43

207.89

213.83

197.87

194.53

208.26

245.79

215.97

191.39

186.16

-

-

-

P/LTM EPS

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

19.53

25.96

29.16

33.22

29.27

29.62

31.63

30.96

31.19

33.20

31.72

36.22

37.06

29.00

24.98

23.59

26.07

24.83

18.90

19.50

15.39

17.36

19.30

18.56

16.42

19.70

21.09

20.73

18.69

17.40

17.40

17.96

20.26

20.35

20.38

19.66

21.04

16.19

15.69

16.10

15.07

14.39

19.21

20.14

16.13

15.29

15.57

14.09

17.13

10.56

11.51

14.46

13.66

15.56

13.26

14.19

25.35

30.12

21.49

22.08

26.26

68.27

64.15

64.65

65.77

46.30

22.00

18.77

13.59

12.51

12.62

12.83

12.47

8.66

8.62

9.44

10.12

9.71

10.48

10.05

8.63

9.52

11.38

11.38

10.65

13.99

15.22

14.36

12.19

14.19

10.69

11.18

11.20

11.39

11.39

11.01

8.26

8.01

7.60

7.09

8.05

9.00

9.08

10.53

10.83

10.43

10.79

12.68

12.95

15.23

15.18

15.32

16.58

21.08

60.64

57.29

50.84

43.45

45.45

52.91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36.72

40.31

29.21

24.26

38.36

40.51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28.49

34.77

36.09

36.58

12.43

14.77

13.84

17.27

16.99

15.83

19.22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72.79

72.94

74.81

65.02

72.07

79.41

63.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125.16

121.71

125.59

120.63

124.08

114.82

112.88

120.85

142.66

125.36

111.09

108.05

-

-

-

P/BV

4.38

4.38

4.51

4.60

4.33

4.73

2.48

2.24

2.25

2.22

2.16

3.95

3.22

3.16

3.28

3.55

3.68

4.31

4.25

4.32

4.21

4.13

4.58

3.95

4.39

4.34

4.47

4.32

3.88

2.82

2.83

2.12

2.37

2.08

2.04

1.72

1.97

2.09

1.88

1.70

1.76

1.61

1.61

1.45

1.67

1.78

1.71

1.66

1.36

1.32

1.35

1.44

1.32

1.42

1.45

1.15

1.11

1.09

1.15

1.01

1.09

1.23

1.40

1.23

1.25

1.34

1.31

1.52

1.62

1.55

1.77

1.80

1.46

1.26

1.19

1.31

1.25

1.46

1.50

1.53

1.73

1.92

1.85

1.96

2.04

2.18

2.15

1.94

1.80

1.89

1.95

1.95

1.96

1.97

1.90

2.11

2.03

1.97

2.02

1.89

1.81

1.92

2.01

2.44

2.31

2.35

2.13

2.27

2.00

2.18

2.74

2.59

2.95

2.96

3.16

4.50

5.35

3.82

3.92

3.24

2.60

2.45

2.47

2.51

1.77

1.58

1.35

1.30

1.20

1.21

1.23

1.26

1.05

1.04

1.14

1.22

1.17

1.33

1.28

1.12

1.24

1.48

1.48

1.56

1.61

1.75

1.65

1.40

1.63

1.71

1.79

2.24

2.28

2.28

2.20

1.98

2.28

2.17

2.02

2.29

2.57

2.97

3.45

3.66

3.53

3.65

4.29

4.52

4.86

4.84

4.89

5.29

6.72

7.08

6.69

41.85

35.76

37.41

43.55

-

-

-

-

-

-

-

-

-

-

-

-

53.71

43.85

43.30

38.05

36.20

26.99

7.31

8.03

12.74

10.58

16.73

17.67

14.91

17.97

17.31

25.02

19.88

17.92

32.52

17.01

11.52

5.58

4.83

4.33

4.17

3.48

3.38

3.32

2.76

2.23

2.40

2.28

1.87

2.01

2.11

2.01

1.96

2.00

1.91

2.25

2.25

1.98

2.42

2.51

2.54

2.66

3.16

2.96

3.69

3.63

3.38

3.87

4.31

4.19

3.83

4.45

4.94

4.86

4.65

4.43

4.07

4.01

3.84

4.00

3.18

3.39

3.31

3.62

3.55

3.99

4.00

4.10

3.57

3.95

4.35

4.32

-

-

-

-

-

3.73

3.65

3.61

3.70

3.95

3.78

3.77

4.14

3.76

4.56

4.26

4.29

4.19

4.07

4.20

4.03

4.15

3.84

3.78

4.04

4.44

3.90

3.46

3.36

3.30

3.04

2.93

P/Tangible BV

11.65

11.65

12.01

12.25

11.53

11.64

3.49

3.19

3.21

3.16

3.07

9.35

5.69

5.59

5.80

6.28

6.51

8.70

8.58

8.00

7.79

7.64

8.48

6.55

8.72

8.63

8.88

8.59

7.71

4.37

4.40

2.89

3.24

2.84

2.79

2.23

2.65

2.82

2.53

2.29

2.37

2.13

2.12

1.88

2.17

2.32

2.23

2.07

1.68

1.63

1.67

1.77

1.63

1.74

1.78

1.40

1.34

1.32

1.39

1.21

1.30

1.46

1.66

1.47

1.48

1.66

1.62

1.88

2.01

1.92

2.19

2.23

1.80

1.55

1.47

1.62

1.54

1.82

1.88

1.92

2.16

2.40

2.31

2.48

2.56

2.74

2.70

2.43

2.26

2.41

2.49

2.51

2.52

2.53

2.44

2.78

2.63

2.55

2.61

2.45

2.34

2.54

2.66

3.50

3.32

3.38

3.06

3.36

2.94

3.21

4.03

3.80

4.33

4.65

4.97

7.43

8.83

6.30

6.47

5.53

4.58

4.30

4.34

4.41

3.11

2.98

2.54

2.50

2.30

2.32

2.36

2.35

1.60

1.59

1.74

1.87

1.79

2.13

2.04

2.03

2.24

2.68

2.68

2.83

2.85

3.10

2.92

2.48

2.89

3.33

3.48

4.49

4.56

4.56

4.41

4.03

4.45

4.23

3.94

4.47

5.00

6.96

8.08

9.65

9.29

9.62

11.30

13.43

15.21

15.17

15.31

16.56

21.05

49.01

46.30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20.50

22.50

34.88

28.97

45.80

48.37

28.88

34.80

33.53

48.46

38.51

34.71

233.67

122.24

82.77

9.41

8.15

7.30

7.04

5.87

5.70

5.60

4.66

2.96

3.18

3.01

2.48

2.66

2.80

2.66

2.59

2.65

2.53

3.22

3.22

2.60

3.17

3.29

3.34

3.53

4.19

3.93

4.90

4.82

4.49

5.14

5.77

5.60

5.12

5.95

6.60

6.84

6.55

6.24

5.74

5.65

5.41

5.64

3.98

4.25

4.16

4.54

4.46

5.26

5.27

5.40

4.70

5.21

5.74

5.67

-

-

-

-

-

4.95

4.84

4.79

4.92

5.24

5.01

5.00

5.49

4.33

5.26

4.91

4.95

4.72

4.59

4.74

4.55

4.68

4.33

4.26

4.56

4.80

4.22

3.74

3.64

3.74

3.45

3.32

TEV/LTM Total Revenue

1.94

1.94

1.96

1.96

1.92

2.07

2.02

2.08

2.08

2.08

2.05

2.24

2.85

2.83

2.87

2.94

2.98

3.79

3.78

5.18

5.11

5.07

5.26

6.60

6.13

6.10

5.79

5.73

5.55

5.26

5.26

3.73

3.87

3.71

3.68

3.87

3.98

4.05

3.93

3.81

3.69

3.67

3.67

4.39

4.55

4.63

4.59

4.37

3.50

3.46

3.49

3.55

3.46

2.86

2.87

2.24

2.22

2.21

2.26

1.85

1.90

1.96

2.05

1.97

1.98

2.09

2.01

2.10

2.14

2.11

2.22

1.96

1.91

1.84

1.80

1.86

1.82

1.94

1.95

1.43

1.51

1.61

1.59

2.18

2.31

2.38

2.32

2.20

2.13

2.06

2.10

2.10

2.13

2.12

2.08

2.08

2.12

2.09

2.09

2.05

2.01

1.97

2.02

2.15

2.00

2.02

1.97

1.93

1.66

1.71

1.88

1.83

1.96

2.03

2.04

2.41

2.60

2.26

2.28

1.95

1.59

1.57

1.57

1.58

1.40

1.33

1.29

0.83

0.81

0.81

0.82

1.17

0.76

0.75

0.78

0.81

0.78

1.12

1.10

0.71

0.73

0.77

0.79

1.12

0.72

0.76

0.72

0.66

0.71

1.08

1.09

0.85

0.85

0.84

0.84

1.10

0.85

0.82

0.80

0.86

0.91

1.24

1.36

1.06

1.03

1.05

1.14

1.48

1.39

1.39

1.41

1.51

1.75

2.28

2.18

2.25

1.99

2.03

2.31

2.48

2.22

2.10

1.78

1.55

1.42

2.11

2.07

1.53

1.20

1.15

1.10

1.10

1.02

1.01

0.97

0.94

0.87

1.41

1.45

1.52

1.42

1.72

1.76

1.72

1.97

1.93

2.55

2.20

2.10

2.74

1.82

1.50

1.14

1.08

1.03

0.99

0.92

0.91

0.96

0.90

1.59

1.61

1.59

1.54

1.65

1.67

1.65

1.64

1.65

1.62

1.37

1.37

1.57

1.66

1.68

1.69

1.35

1.46

1.43

1.58

1.58

1.50

1.80

2.54

2.52

2.43

2.58

2.69

2.58

2.57

2.47

2.37

2.35

2.31

2.41

2.36

2.40

2.37

2.47

2.42

2.39

2.41

2.45

2.26

2.39

2.52

2.71

2.75

2.89

2.77

2.41

2.49

2.58

2.56

2.54

2.55

2.64

2.57

2.55

2.70

2.84

3.19

3.08

3.07

3.16

3.14

3.18

3.12

3.14

3.02

3.01

3.13

3.54

3.22

3.01

2.95

3.31

3.18

3.14

Market Cap/LTM Total Revenue

0.60

0.60

0.62

0.63

0.58

0.64

0.58

0.63

0.63

0.63

0.61

0.63

0.78

0.76

0.80

0.87

0.91

1.16

1.15

1.76

1.69

1.66

1.84

2.22

2.13

2.10

1.79

1.72

1.55

1.53

1.54

1.20

1.33

1.18

1.15

1.12

1.26

1.33

1.21

1.09

0.98

0.96

0.96

1.09

1.26

1.34

1.29

1.32

0.98

0.93

0.96

1.02

0.93

0.81

0.82

0.59

0.57

0.56

0.61

0.49

0.55

0.61

0.71

0.63

0.63

0.64

0.56

0.64

0.68

0.65

0.76

0.79

0.69

0.61

0.57

0.64

0.60

0.70

0.71

0.74

0.83

0.92

0.90

0.90

1.01

1.08

1.02

0.90

0.83

0.81

0.85

0.84

0.87

0.86

0.82

0.88

0.90

0.86

0.87

0.83

0.78

0.78

0.83

0.90

0.75

0.77

0.72

0.73

0.66

0.71

0.88

0.83

0.95

0.87

0.88

1.21

1.40

1.05

1.07

0.85

0.66

0.63

0.63

0.64

0.46

0.38

0.35

0.33

0.31

0.31

0.32

0.33

0.35

0.34

0.38

0.41

0.38

0.38

0.37

0.32

0.34

0.38

0.40

0.41

0.42

0.45

0.42

0.35

0.40

0.37

0.39

0.47

0.46

0.46

0.46

0.42

0.51

0.48

0.45

0.52

0.56

0.55

0.67

0.69

0.65

0.67

0.76

0.77

0.92

0.93

0.95

1.04

1.28

1.31

1.21

1.64

1.38

1.43

1.70

1.87

1.61

1.49

1.18

0.94

0.81

0.86

0.82

0.89

0.55

0.50

0.45

0.49

0.40

0.40

0.35

0.33

0.25

0.36

0.40

0.65

0.55

0.86

0.89

1.16

1.40

1.36

1.99

1.63

1.53

1.90

0.98

0.65

0.58

0.52

0.47

0.43

0.36

0.35

0.37

0.30

0.37

0.39

0.37

0.32

0.44

0.46

0.44

0.43

0.44

0.41

0.49

0.49

0.49

0.58

0.60

0.61

0.65

0.77

0.73

0.89

0.88

0.80

1.02

1.20

1.17

1.09

1.23

1.34

1.47

1.46

1.36

1.26

1.24

1.20

1.26

1.16

1.21

1.17

1.27

1.23

1.39

1.42

1.46

1.27

1.40

1.53

1.58

1.77

1.91

1.79

1.43

1.51

1.42

1.39

1.38

1.39

1.48

1.41

1.39

1.54

1.61

1.96

1.85

1.84

1.90

1.87

1.92

1.86

1.88

1.76

1.75

1.87

2.19

1.87

1.66

1.60

1.77

1.64

1.60

TEV/LTM EBITDA

10.94

10.94

11.05

11.08

10.85

10.74

10.46

10.44

10.44

10.44

10.33

12.07

21.68

21.57

21.87

22.41

22.72

107.74

107.50

-

-

-

-

-

-

-

-

-

-

-

-

56.87

58.86

56.52

56.06

38.66

33.00

33.57

32.57

31.63

30.65

24.97

24.96

43.21

44.85

45.64

45.22

38.96

45.50

44.88

45.29

46.06

44.94

15.16

15.21

10.71

10.62

10.57

10.80

7.34

9.73

10.05

10.53

10.14

10.16

7.98

7.70

10.76

10.96

10.79

11.35

10.22

9.57

9.18

9.00

9.32

9.11

9.42

9.49

6.85

7.24

7.71

7.62

11.01

11.98

12.34

12.03

11.43

11.04

11.08

11.28

12.05

12.19

12.15

11.91

10.82

10.56

10.37

10.39

10.20

9.98

9.59

9.83

10.64

9.90

10.00

9.73

10.17

8.11

8.36

9.17

8.91

9.53

11.95

12.01

16.42

17.73

15.36

15.50

16.13

21.30

20.99

20.92

21.10

18.66

16.46

15.99

10.25

9.98

9.99

10.06

15.34

8.66

8.55

8.94

9.25

8.94

11.85

11.66

6.81

7.05

7.41

7.59

9.98

6.33

6.63

6.34

5.79

6.20

9.43

9.56

7.30

7.28

7.20

7.20

8.80

5.83

5.64

5.46

5.90

6.21

8.78

9.62

7.01

6.78

6.90

7.51

9.88

9.87

9.92

10.07

10.74

12.46

19.45

18.60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203.23

187.22

186.73

179.07

173.77

160.77

17.30

17.80

15.56

14.53

17.68

18.08

29.72

34.02

33.31

44.05

37.92

36.22

80.77

53.60

44.11

14.61

13.79

13.16

12.71

11.82

11.66

10.97

10.24

17.43

17.64

17.48

16.90

13.13

13.31

13.13

13.06

13.11

12.91

11.34

11.34

10.15

10.75

10.86

10.96

7.23

7.85

7.66

8.50

8.46

8.06

9.00

18.95

18.75

18.10

19.20

20.02

51.38

51.15

49.15

47.08

46.79

45.88

45.16

15.57

15.89

15.65

16.31

16.00

14.68

14.81

15.06

13.90

14.71

15.48

12.24

14.33

15.04

14.45

12.55

12.99

14.40

14.28

14.18

14.25

14.77

14.34

14.26

15.07

13.35

14.98

14.47

14.42

12.02

11.92

12.09

11.85

11.93

11.48

11.45

11.90

14.00

12.75

11.89

11.69

-

-

-

TEV/LTM EBIT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106.62

105.76

105.22

107.55

24.85

29.24

30.17

31.63

30.45

30.50

35.58

34.32

30.76

31.35

30.86

32.46

30.60

27.09

25.98

25.48

26.39

25.80

25.95

26.14

18.86

19.93

21.22

20.98

33.21

38.05

39.20

38.22

36.30

35.07

34.92

35.56

42.57

43.08

42.92

42.08

29.60

25.10

24.65

24.69

24.25

23.73

22.03

22.59

24.03

22.35

22.59

21.97

24.39

16.72

17.23

18.92

18.37

19.65

31.56

31.71

55.56

59.99

51.97

52.45

100.78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

296.09

291.27

44.74

46.28

48.71

49.87

45.21

23.12

24.20

23.15

21.15

22.64

35.76

36.24

24.89

24.83

24.56

24.55

25.98

16.28

15.74

15.25

16.47

17.33

22.13

24.25

17.35

16.77

17.07

18.58

24.00

24.28

24.41

24.78

26.43

30.66

160.03

153.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101.79

103.21

101.87

101.26

101.71

100.09

59.37

59.40

26.71

28.30

28.59

28.85

13.16

14.28

13.93

15.46

15.39

14.65

16.50

85.22

84.33

81.40

86.34

90.05

-

-

-

-

-

-

-

39.18

39.98

39.38

41.02

40.26

43.90

44.28

45.05

41.58

44.00

46.30

26.22

40.72

42.75

41.06

35.67

36.90

106.83

105.98

105.23

105.74

109.58

106.42

105.79

111.86

60.66

68.08

65.77

65.52

43.82

43.43

44.07

43.18

43.46

41.85

41.73

43.37

59.52

54.20

50.57

49.68

57.91

55.62

54.99

Margin Analysis

Gross Margin

-8.11

-8.11

-8.11

-8.11

-8.11

4.66

3.76

3.76

3.76

3.76

3.76

1.11

-3.63

-3.63

-3.63

-19.96

-19.96

-19.96

-42.80

-42.80

-42.80

-61.63

-61.63

-61.63

-52.45

-52.45

-52.45

-43.66

-43.66

-43.66

-22.63

-22.63

-22.63

-19.27

-19.27

-19.27

-15.46

-15.46

-15.46

-14.52

-14.52

-14.52

-24.15

-24.15

-24.15

-21.00

-21.00

-21.00

-12.30

-12.30

-12.30

-0.29

-0.29

-0.29

5.96

5.96

5.96

11.30

11.30

11.30

10.29

10.29

10.29

10.19

10.19

10.19

11.22

11.22

11.22

10.63

10.63

10.63

11.53

11.53

11.53

11.62

11.62

11.62

11.03

11.03

11.03

11.13

11.13

11.13

12.21

12.21

12.21

12.73

12.73

12.73

14.07

14.07

14.07

16.20

16.20

16.20

18.04

18.04

18.04

18.60

18.60

18.60

18.55

18.55

18.55

17.70

17.70

17.70

18.56

18.56

18.56

15.46

15.46

15.46

13.56

13.56

13.56

11.24

11.24

11.24

7.80

7.80

7.80

8.59

8.59

8.59

8.91

8.91

8.91

8.58

8.58

8.58

9.77

9.77

9.77

10.62

10.62

10.62

11.79

11.79

11.79

12.70

12.70

12.70

13.85

13.85

13.85

14.08

14.08

14.08

14.90

14.90

14.90

16.08

16.08

16.08

17.40

17.40

17.40

18.05

18.05

18.05

18.53

18.53

18.53

18.79

18.79

18.79

18.24

18.24

18.24

14.06

14.06

14.06

9.93

9.93

9.93

6.35

6.35

6.35

-0.83

-0.83

-0.83

-4.73

-4.73

-4.73

-4.88

-4.88

-4.88

-3.68

-3.68

-3.68

4.05

4.05

4.05

4.05

4.05

10.33

13.43

13.43

13.43

13.43

13.43

13.31

10.96

10.96

10.96

10.96

10.96

10.14

7.87

7.87

8.02

9.97

9.97

9.97

9.97

9.97

9.97

10.74

10.74

10.74

13.43

13.43

13.43

14.50

14.50

14.50

15.39

15.39

15.39

18.36

18.36

18.36

18.36

18.36

18.95

22.25

22.25

22.25

23.04

23.04

23.04

16.81

16.81

16.81

16.81

16.81

14.96

10.71

10.71

10.71

10.71

10.71

9.41

18.56

18.56

18.56

18.56

18.56

21.13

20.84

20.84

20.84

20.84

20.84

23.83

21.16

21.16

21.16

21.16

21.16

20.27

19.13

19.13

19.13

17.94

17.94

17.94

19.13

19.13

19.13

20.38

20.38

20.38

21.09

21.09

21.09

21.83

21.83

21.83

20.89

20.89

20.89

19.87

19.87

19.87

19.77

19.77

SG&A Margin

8.84

8.84

8.84

8.84

8.84

6.52

6.77

6.77

6.77

6.77

6.77

6.93

7.58

7.58

7.58

8.95

8.95

8.95

11.22

11.22

11.22

12.89

12.89

12.89

10.76

10.76

10.76

10.47

10.47

10.47

9.04

9.04

9.04

8.98

8.98

8.98

9.75

9.75

9.75

10.10

10.10

10.10

11.46

11.46

11.46

11.54

11.54

11.54

11.75

11.75

11.75

10.18

10.18

10.18

9.00

9.00

9.00

8.46

8.46

8.46

8.00

8.00

8.00

8.05

8.05

8.05

8.21

8.21

8.21

8.16

8.16

8.16

8.32

8.32

8.32

8.52

8.52

8.52

8.63

8.63

8.63

8.75

8.75

8.75

8.77

8.77

8.77

8.65

8.65

8.65

8.87

8.87

8.87

8.93

8.93

8.93

9.58

9.58

9.58

9.70

9.70

9.70

9.56

9.56

9.56

9.77

9.77

9.77

8.43

8.43

8.43

8.88

8.88

8.88

9.09

9.09

9.09

9.18

9.18

9.18

9.88

9.88

9.88

9.91

9.91

9.91

9.89

9.89

9.89

9.93

9.93

9.93

10.17

10.17

10.17

10.10

10.10

10.10

9.85

9.85

9.85

9.80

9.80

9.80

9.35

9.35

9.35

9.29

9.29

9.29

9.43

9.43

9.43

9.51

9.51

9.51

10.11

10.11

10.11

10.47

10.47

10.47

10.52

10.52

10.52

10.65

10.65

10.65

10.44

10.44

10.44

10.48

10.48

10.48

11.09

11.09

11.09

11.32

11.32

11.32

9.53

9.53

9.53

9.82

9.82

9.82

9.63

9.63

9.63

9.67

9.67

9.67

11.17

11.17

11.17

11.17

11.17

11.16

10.98

10.98

10.98

10.98

10.98

11.12

11.81

11.81

11.81

11.81

11.81

11.17

11.86

11.86

11.77

11.52

11.52

11.52

11.52

11.52

11.70

12.23

12.23

12.23

12.42

12.42

12.42

13.26

13.26

13.26

13.66

13.66

13.66

13.40

13.40

13.40

13.40

13.40

13.20

12.96

12.96

12.96

13.61

13.61

13.61

15.24

15.24

15.24

15.24

15.24

15.63

15.28

15.28

15.28

15.28

15.28

15.62

14.25

14.25

14.25

14.25