pww.comAir China Limited - SEHK:753

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-31-2004

Valuation Multiples

TEV/LTM Unlevered FCF

214.04

214.27

218.29

216.94

208.70

-

-

24.44

24.51

24.83

24.67

30.96

37.10

36.52

37.22

38.39

38.08

118.48

121.90

-

-

-

-

-

-

-

-

-

-

62.60

63.21

26.70

28.66

26.67

26.43

23.83

23.66

23.64

22.79

21.65

22.21

20.77

20.60

283.32

-

-

-

-

-

-

-

-

-

-

-

34.40

33.85

33.57

35.33

9.92

21.78

22.61

24.51

23.01

22.80

13.24

13.15

23.14

23.75

22.54

25.01

23.03

32.55

29.77

28.13

29.15

27.52

48.55

47.66

21.10

22.65

25.79

27.26

41.81

192.15

187.11

172.79

160.68

146.84

140.48

146.29

-

-

-

-

106.06

-

-

-

-

-

-

-

13.40

12.33

12.47

12.63

9.17

10.49

10.75

12.20

12.03

12.87

25.30

25.25

-

-

-

-

173.32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25.46

26.34

28.71

28.43

-

105.93

109.66

108.69

96.27

99.66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88.70

86.55

85.68

92.31

62.65

-

-

-

-

-

229.15

212.02

-

-

-

-

16.55

15.43

14.22

13.67

12.60

11.37

21.67

22.07

14.55

11.98

11.48

11.65

37.13

30.56

29.99

30.01

28.95

27.81

256.45

255.66

57.46

50.20

68.02

77.16

-

-

-

-

-

-

285.24

242.02

-

-

-

-

-

49.17

49.06

40.04

37.43

36.17

-

-

-

-

-

-

4.89

4.74

4.56

4.43

4.61

4.39

4.37

23.99

25.09

25.33

25.95

25.95

-

-

-

-

Market Cap/LTM Levered FCF

-

-

-

-

-

-

-

12.97

13.08

13.58

13.33

17.04

29.51

28.23

29.78

32.37

31.68

-

-

-

-

-

-

-

-

-

-

-

-

129.89

132.93

15.27

18.17

15.23

14.88

13.23

14.00

13.98

12.80

11.24

12.01

10.30

10.08

-

-

-

-

-

-

-

-

-

-

-

-

23.25

22.24

21.73

24.95

4.38

12.60

13.72

16.28

14.26

13.98

6.68

6.57

13.29

14.06

12.55

15.62

16.98

24.96

21.25

19.07

20.43

18.26

43.60

42.06

12.89

14.76

18.56

20.34

37.71

146.57

140.80

124.40

110.52

94.67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7.30

6.11

6.26

6.44

6.65

5.80

6.13

8.03

7.80

8.89

14.54

14.47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13.90

15.13

18.41

18.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83.48

80.43

79.19

88.62

52.55

-

-

-

-

-

-

-

-

-

-

-

15.57

14.20

12.70

12.03

10.71

9.20

15.53

16.00

12.29

9.13

8.52

8.73

35.40

25.12

24.22

24.26

22.59

20.81

-

-

96.29

81.49

117.82

136.46

-

-

-

-

-

-

-

-

-

-

-

-

-

61.24

61.03

44.78

40.06

37.79

-

-

-

-

-

-

2.91

2.74

2.54

2.40

2.59

2.35

2.33

25.77

28.23

28.78

30.15

30.15

-

-

-

-

P/LTM Normalized EPS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13.45

17.29

17.76

21.81

19.63

19.14

17.57

17.29

18.02

18.44

17.01

21.88

23.67

22.10

20.28

17.78

19.73

16.45

15.55

15.14

11.72

12.30

14.75

17.01

18.69

23.13

22.16

18.36

16.23

14.39

13.77

14.77

18.40

20.98

19.31

17.96

14.13

12.77

11.94

10.55

11.34

10.87

12.30

13.55

11.58

10.35

10.04

11.52

11.78

9.86

10.65

13.06

13.36

16.01

11.85

10.86

24.36

27.39

29.80

29.26

35.37

66.34

71.74

60.45

57.37

48.40

36.02

35.22

20.50

19.60

19.12

18.99

18.30

15.90

15.90

18.20

18.92

16.63

14.66

13.82

15.77

16.76

19.29

18.87

19.92

22.72

24.02

23.69

18.77

19.89

11.80

11.29

10.21

8.44

8.81

10.47

8.23

7.11

7.51

6.97

6.91

7.45

6.30

9.03

9.32

9.12

8.94

8.89

8.26

11.44

12.63

13.74

15.92

16.39

28.69

22.22

65.48

57.18

57.69

64.60

-

-

-

-

-

-

-

-

-

-

-

-

49.60

41.86

41.66

47.61

39.28

41.07

11.58

13.72

13.40

11.41

17.29

17.17

23.23

37.29

34.03

57.39

48.55

57.69

50.35

44.00

42.04

35.80

35.92

31.96

33.66

23.04

21.85

16.58

15.59

15.36

16.44

13.61

14.34

15.59

14.75

15.49

15.54

14.63

13.60

12.82

13.86

12.56

12.43

9.00

9.86

10.05

10.53

10.53

13.89

14.75

13.65

14.75

P/LTM EPS

-

-

-

-

-

-

-

244.00

250.20

286.73

271.57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9.58

11.08

11.38

13.98

12.58

12.27

11.89

11.70

12.12

12.40

11.44

14.72

15.88

17.23

15.81

13.86

15.38

12.82

11.87

11.55

9.34

9.80

11.75

13.55

15.49

16.97

16.26

13.47

11.91

10.56

10.75

11.53

13.47

15.35

14.13

13.14

10.16

8.17

7.64

6.75

7.26

6.96

8.74

9.63

8.09

7.23

7.01

8.05

8.12

6.79

7.34

9.01

9.21

11.04

8.29

7.60

15.06

16.93

18.42

18.09

20.56

27.41

29.65

24.98

23.71

20.00

18.11

17.71

13.85

13.24

12.91

12.83

13.25

10.28

10.28

11.76

12.23

10.74

10.11

9.53

10.39

11.05

12.71

12.43

13.61

16.09

17.01

16.78

13.30

14.09

10.85

10.38

8.97

7.42

7.74

9.20

7.10

5.65

5.97

5.54

5.49

5.92

4.71

6.75

6.98

6.82

6.69

6.65

5.83

6.57

7.26

7.89

9.14

9.42

16.07

12.44

14.65

12.79

12.91

14.46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9.21

10.92

10.96

9.33

14.14

14.04

18.84

30.21

27.57

46.49

39.33

46.74

34.29

29.97

25.37

21.61

21.68

19.29

20.90

15.03

14.25

10.81

10.17

10.02

13.52

11.18

12.19

13.25

12.53

13.16

11.80

11.11

10.33

9.74

10.52

9.54

9.44

6.95

7.62

7.76

8.13

8.13

12.33

13.09

12.11

13.09

P/BV

1.73

1.76

1.90

1.86

1.61

1.83

1.33

1.45

1.49

1.71

1.62

1.50

1.62

1.68

1.91

2.03

2.06

2.27

2.49

2.56

2.24

2.39

2.78

3.82

2.71

2.61

2.60

2.32

2.04

1.73

1.82

1.38

1.53

1.28

1.20

1.06

1.06

1.03

0.96

0.87

0.97

0.87

0.88

0.85

0.98

1.07

1.06

1.06

1.00

0.84

0.95

0.98

0.78

0.81

0.85

0.72

0.69

0.69

0.83

0.69

0.88

0.91

1.12

1.00

0.98

0.98

0.97

1.06

1.09

1.00

1.29

1.32

1.06

0.97

0.85

0.94

0.79

1.03

1.01

0.90

0.95

1.14

1.31

1.40

1.59

1.52

1.26

1.12

0.99

1.01

1.08

1.02

1.17

1.08

1.00

1.07

0.93

0.87

0.77

0.83

0.79

0.92

0.97

0.97

0.86

0.84

0.96

0.91

0.76

0.82

1.00

1.03

1.23

1.10

1.01

1.33

1.49

1.63

1.60

1.52

1.17

1.27

1.07

1.01

0.86

0.96

0.94

0.65

0.62

0.60

0.60

0.86

0.90

0.90

1.03

1.07

0.94

1.05

0.99

1.01

1.07

1.23

1.21

1.41

1.25

1.33

1.31

1.04

1.10

1.11

1.06

1.13

0.94

0.98

1.16

1.20

1.24

1.31

1.22

1.21

1.30

1.34

1.92

1.92

1.88

1.84

1.83

1.89

2.17

2.40

2.61

3.02

3.11

4.06

3.14

3.44

3.00

3.03

3.39

3.79

3.20

3.07

2.87

2.64

2.04

2.12

2.17

2.61

1.98

1.99

1.92

0.90

0.76

0.76

0.86

0.71

0.74

1.18

1.40

1.56

1.33

2.01

2.00

2.41

2.78

2.53

4.27

3.61

4.29

3.57

3.12

3.21

2.73

2.74

2.44

2.13

2.30

2.19

1.66

1.56

1.54

1.65

1.37

1.46

1.59

1.50

1.58

1.65

1.55

1.44

1.36

1.47

1.33

1.32

1.37

1.50

1.53

1.60

1.60

3.54

3.76

3.48

3.76

P/Tangible BV

2.29

2.33

2.52

2.46

2.13

2.07

1.80

1.97

2.02

2.31

2.19

2.05

2.15

2.23

2.53

2.69

2.73

3.10

3.40

3.07

2.69

2.87

3.34

4.95

3.19

3.08

3.07

2.74

2.41

1.94

2.04

1.52

1.68

1.41

1.32

1.14

1.14

1.11

1.03

0.93

1.04

0.93

0.94

0.91

1.05

1.14

1.13

1.13

1.06

0.89

1.01

1.04

0.83

0.86

0.91

0.76

0.73

0.73

0.88

0.73

0.93

0.96

1.18

1.06

1.03

1.04

1.02

1.12

1.15

1.06

1.37

1.39

1.12

1.03

0.90

1.00

0.83

1.10

1.07

0.96

1.01

1.21

1.40

1.50

1.70

1.63

1.35

1.19

1.06

1.08

1.16

1.10

1.25

1.15

1.07

1.16

1.01

0.95

0.84

0.90

0.86

1.01

1.06

1.06

0.95

0.92

1.05

0.99

0.83

0.89

1.10

1.12

1.35

1.20

1.10

1.46

1.64

1.79

1.76

1.67

1.27

1.37

1.16

1.10

0.93

1.04

1.02

0.70

0.67

0.65

0.65

0.93

0.97

0.97

1.11

1.15

1.01

1.14

1.07

1.09

1.16

1.33

1.31

1.53

1.36

1.44

1.42

1.12

1.19

1.22

1.16

1.24

1.02

1.07

1.27

1.31

1.36

1.44

1.34

1.32

1.43

1.48

2.12

2.13

2.08

2.04

2.03

2.11

2.49

2.75

2.99

3.46

3.57

4.77

3.69

3.87

3.38

3.41

3.81

4.32

3.64

3.50

3.27

3.01

2.33

2.44

2.49

3.03

2.30

2.32

2.23

0.97

0.82

0.82

0.94

0.77

0.81

1.27

1.51

1.67

1.42

2.15

2.14

2.53

2.83

2.59

4.36

3.69

4.38

3.65

3.19

3.42

2.91

2.92

2.60

2.33

2.53

2.40

1.82

1.71

1.69

1.77

1.47

1.46

1.59

1.50

1.58

1.65

1.55

1.44

1.36

1.47

1.33

1.32

1.37

1.50

1.53

1.60

1.60

3.54

3.76

3.48

3.76

TEV/LTM Total Revenue

1.95

1.95

1.99

1.98

1.90

2.06

1.91

1.90

1.90

1.93

1.91

2.25

2.56

2.52

2.57

2.65

2.63

3.70

3.81

5.09

4.84

4.97

5.42

6.99

5.82

5.70

5.39

5.27

5.04

4.81

4.86

4.02

4.32

4.02

3.98

3.80

3.66

3.66

3.53

3.35

3.44

3.32

3.29

3.76

3.98

4.12

4.07

3.93

3.28

3.12

3.18

3.23

3.01

2.49

2.51

1.98

1.95

1.94

2.04

1.62

1.73

1.79

1.95

1.83

1.81

1.74

1.73

1.84

1.89

1.79

1.99

1.79

1.78

1.62

1.54

1.59

1.50

1.60

1.57

1.56

1.67

1.90

2.01

2.13

2.36

2.30

2.13

1.98

1.81

1.74

1.81

1.86

1.96

1.97

1.83

1.89

1.67

1.63

1.57

1.64

1.61

1.63

1.67

1.69

1.56

1.58

1.60

1.30

1.48

1.52

1.73

1.70

1.82

1.83

1.82

2.14

2.46

2.15

2.30

2.09

1.77

1.77

1.75

1.56

1.43

1.55

1.51

1.37

1.33

1.32

1.33

1.48

1.29

1.30

1.35

1.38

1.33

1.52

1.52

1.33

1.38

1.50

1.49

1.63

1.39

1.43

1.42

1.26

1.30

1.43

1.41

1.52

1.49

1.51

1.56

1.48

1.49

1.48

1.43

1.46

1.58

1.73

1.96

2.01

1.96

1.94

2.09

2.34

2.58

2.60

2.86

2.78

3.02

3.36

3.11

3.02

2.66

2.73

3.03

3.38

3.15

2.90

2.79

2.57

2.32

2.55

2.59

2.65

2.18

2.09

2.12

1.91

1.57

1.54

1.54

1.49

1.43

1.97

1.97

2.31

2.02

2.73

3.10

4.04

4.33

4.39

5.84

5.02

4.91

5.35

4.54

3.25

2.62

2.74

2.53

2.63

2.04

2.03

1.66

1.55

1.50

1.70

1.53

1.61

1.68

1.63

1.67

1.58

1.53

1.47

1.43

1.48

1.41

1.41

1.47

1.54

1.55

1.59

1.59

1.87

1.92

1.85

1.92

Market Cap/LTM Total Revenue

0.68

0.68

0.72

0.71

0.63

0.72

0.61

0.65

0.65

0.68

0.66

0.71

0.93

0.89

0.93

1.02

0.99

1.31

1.41

1.99

1.74

1.87

2.32

2.92

2.75

2.63

2.31

2.19

1.97

2.00

2.05

1.56

1.85

1.55

1.52

1.50

1.57

1.57

1.44

1.26

1.35

1.21

1.19

1.28

1.50

1.65

1.59

1.67

1.35

1.19

1.25

1.30

1.09

0.94

0.96

0.74

0.71

0.69

0.79

0.62

0.74

0.81

0.96

0.84

0.82

0.76

0.75

0.85

0.90

0.80

1.00

1.09

1.02

0.87

0.78

0.84

0.75

0.84

0.81

0.79

0.90

1.13

1.24

1.33

1.57

1.51

1.34

1.19

1.02

0.96

1.04

1.02

1.13

1.14

1.00

0.96

0.79

0.76

0.70

0.77

0.73

0.74

0.77

0.83

0.69

0.71

0.73

0.72

0.63

0.67

0.87

0.85

0.97

0.80

0.79

1.21

1.54

1.23

1.37

1.04

0.88

0.89

0.86

0.67

0.54

0.52

0.48

0.49

0.45

0.44

0.44

0.46

0.51

0.52

0.56

0.59

0.54

0.55

0.54

0.52

0.57

0.70

0.68

0.73

0.71

0.76

0.74

0.58

0.63

0.60

0.58

0.71

0.68

0.70

0.75

0.71

0.85

0.84

0.79

0.82

0.94

0.95

1.17

1.33

1.28

1.26

1.41

1.49

1.75

1.77

2.04

1.95

2.20

2.15

1.90

2.41

2.05

2.12

2.41

2.59

2.36

2.11

2.00

1.78

1.53

1.51

1.55

1.83

1.36

1.27

1.30

1.16

0.82

0.79

0.80

0.74

0.68

1.15

1.15

1.90

1.61

2.32

2.69

3.26

3.72

3.78

5.23

4.41

4.30

4.64

3.83

2.81

2.19

2.30

2.10

1.85

1.41

1.40

1.03

0.92

0.87

0.81

0.64

0.77

0.83

0.79

0.83

0.84

0.80

0.74

0.70

0.75

0.68

0.68

0.70

0.77

0.79

0.82

0.82

0.88

0.94

0.87

0.94

TEV/LTM EBITDA

11.38

11.39

11.60

11.53

11.09

11.86

10.71

9.95

9.98

10.11

10.05

11.78

27.01

26.59

27.10

27.96

27.73

273.68

281.58

-

-

-

-

-

-

-

-

-

-

-

-

278.54

299.02

278.26

275.80

82.78

44.52

44.49

42.88

40.74

41.80

26.62

26.41

41.75

44.25

45.82

45.17

30.55

26.06

24.81

25.26

25.66

23.96

11.63

11.73

8.74

8.60

8.53

8.97

6.23

8.20

8.51

9.23

8.67

8.59

6.56

6.52

8.99

9.23

8.76

9.72

8.98

9.16

8.38

7.92

8.20

7.74

7.88

7.73

7.65

8.21

9.35

9.88

10.17

9.80

9.54

8.81

8.19

7.49

7.32

7.62

7.36

7.78

7.81

7.27

7.15

6.20

6.05

5.84

6.11

5.97

6.16

6.29

6.49

5.97

6.04

6.11

5.61

6.42

6.58

7.47

7.36

7.88

8.55

8.53

11.26

12.98

11.35

12.10

12.19

11.20

11.22

11.07

9.87

9.05

9.82

9.56

8.47

8.24

8.20

8.21

9.47

7.48

7.53

7.80

7.96

7.67

8.69

8.68

7.19

7.44

8.11

8.03

8.95

8.22

8.51

8.43

7.47

7.73

8.62

8.47

9.13

8.97

9.07

9.36

8.20

7.04

7.01

6.75

6.91

7.47

8.08

9.13

9.23

9.01

8.92

9.61

10.24

11.76

11.85

13.06

12.67

13.79

17.17

15.89

15.64

13.75

14.12

15.66

21.81

20.34

18.73

18.01

16.60

14.98

22.03

22.43

-

-

-

-

18.57

15.28

15.00

15.01

14.48

13.91

13.21

13.17

12.54

10.95

14.84

16.84

21.79

25.46

25.82

34.35

29.54

28.86

31.91

27.08

22.00

17.76

18.57

17.17

17.66

10.73

10.71

8.74

8.17

7.89

8.61

7.72

7.34

7.64

7.44

8.68

6.35

6.15

5.92

5.75

5.98

5.69

5.67

5.80

6.06

6.12

6.27

6.27

-

-

-

-

TEV/LTM EBIT

-

-

-

-

-

-

-

140.83

141.25

143.10

142.15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31.97

31.46

31.20

32.84

15.46

17.08

17.73

19.23

18.05

17.89

17.89

17.77

18.70

19.19

18.21

20.21

19.04

19.34

17.68

16.71

17.32

16.35

16.95

16.64

16.44

17.65

20.10

21.24

21.73

18.34

17.86

16.49

15.33

14.01

13.77

14.34

13.59

14.38

14.43

13.42

12.86

11.66

11.39

11.00

11.50

11.23

11.13

11.36

12.12

11.15

11.28

11.42

10.43

11.93

12.23

13.88

13.68

14.64

17.99

17.95

26.07

30.04

26.27

28.02

33.02

37.70

37.76

37.26

33.24

30.47

33.17

32.29

27.49

26.74

26.61

26.63

33.23

21.18

21.31

22.07

22.52

21.72

22.41

22.39

16.54

17.12

18.65

18.48

20.39

20.35

21.07

20.88

18.49

19.15

20.91

20.56

21.99

21.60

21.84

22.53

17.67

13.51

13.45

12.96

13.26

14.34

14.91

16.85

17.24

16.82

16.65

17.94

18.82

21.50

21.65

23.86

23.15

25.20

42.79

39.59

46.36

40.77

41.86

46.42

147.17

137.26

126.43

121.58

112.02

101.09

-

-

-

-

-

-

-

-

-

-

-

-

48.85

48.70

33.56

29.32

39.73

45.07

56.15

55.65

56.44

75.09

64.58

63.10

90.11

76.45

65.14

52.59

54.99

50.84

50.59

22.05

22.00

17.96

16.78

16.22

17.76

15.94

15.83

16.49

16.05

16.39

12.18

11.80

11.37

11.04

11.48

10.93

10.88

9.78

10.22

10.32

10.57

10.57

10.40

10.70

10.31

10.70

Margin Analysis

Gross Margin

-4.02

-4.02

-4.02

-4.02

-4.02

5.40

5.40

6.18

6.18

6.18

6.18

5.00

-2.13

-2.13

-2.13

-2.13

-2.13

-17.12

-17.12

-37.51

-37.51

-56.56

-56.56

-56.56

-42.23

-42.23

-42.23

-35.70

-35.70

-35.70

-18.48

-18.48

-18.48

-15.24

-15.24

-15.24

-9.38

-9.38

-9.38

-7.27

-7.27

-7.27

-13.04

-13.04

-13.04

-8.87

-8.87

-8.87

-1.72

-1.72

-1.72

7.85

7.85

7.85

12.58

12.58

12.58

16.84

16.84

16.84

16.56

16.56

16.56

16.10

16.10

16.10

16.16

16.16

16.16

15.82

15.82

15.82

15.59

15.59

15.59

16.39

16.39

16.39

16.31

16.31

16.31

17.10

17.10

17.10

19.44

19.44

19.44

19.53

19.53

19.53

21.33

21.33

21.33

22.54

22.54

22.54

23.21

23.21

23.21

23.87

23.87

23.87

23.50

23.50

23.50

23.15

23.15

23.15

21.97

21.97

21.97

19.84

19.84

19.84

18.01

18.01

18.01

16.22

16.22

16.22

15.16

15.16

15.16

15.32

15.32

15.32

15.71

15.71

15.71

15.33

15.33

15.33

16.36

16.36

16.36

17.55

17.55

17.55

18.77

18.77

18.77

19.10

19.10

19.10

19.33

19.33

19.33

19.31

19.31

19.31

19.89

19.89

19.89

20.98

20.98

20.98

23.00

23.00

23.00

23.66

23.66

23.66

23.71

23.71

23.71

24.39

24.39

24.39

24.37

24.37

24.37

20.75

20.75

20.75

19.11

19.11

19.11

17.90

17.90

17.90

14.98

14.98

14.98

10.56

10.56

10.56

8.92

8.92

8.92

8.22

8.22

8.22

8.70

8.70

8.70

15.52

15.52

15.52

18.64

18.64

18.64

18.55

18.55

18.55

18.19

18.19

18.19

16.15

16.15

16.15

15.15

15.15

15.15

15.40

15.40

15.40

18.95

18.95

18.95

18.91

18.91

18.91

19.44

19.44

19.44

20.13

20.13

20.13

21.72

21.72

21.72

23.49

23.49

23.49

26.60

26.60

26.60

29.98

29.98

29.98

35.24

35.24

35.24

SG&A Margin

8.92

8.92

8.92

8.92

8.92

7.10

7.10

7.18

7.18

7.18

7.18

7.38

8.69

8.69

8.69

8.69

8.69

10.55

10.55

12.98

12.98

15.75

15.75

15.75

14.09

14.09

14.09

14.26

14.26

14.26

12.23

12.23

12.23

12.01

12.01

12.01

11.90

11.90

11.90

11.44

11.44

11.44

12.98

12.98

12.98

12.21

12.21

12.21

10.66

10.66

10.66

9.40

9.40

9.40

8.55

8.55

8.55

8.14

8.14

8.14

8.04

8.04

8.04

8.09

8.09

8.09

8.10

8.10

8.10

8.06

8.06

8.06

8.23

8.23

8.23

8.34

8.34

8.34

8.50

8.50

8.50

8.58

8.58

8.58

8.42

8.42

8.42

8.48

8.48

8.48

8.38

8.38

8.38

8.54

8.54

8.54

8.61

8.61

8.61

8.87

8.87

8.87

9.21

9.21

9.21

9.34

9.34

9.34

9.81

9.81

9.81

9.94

9.94

9.94

10.12

10.12

10.12

10.20

10.20

10.20

10.27

10.27

10.27

10.45

10.45

10.45

10.43

10.43

10.43

10.52

10.52

10.52

10.66

10.66

10.66

10.42

10.42

10.42

10.18

10.18

10.18

10.09

10.09

10.09

10.13

10.13

10.13

10.20

10.20

10.20

10.15

10.15

10.15

10.12

10.12

10.12

9.52

9.52

9.52

9.62

9.62

9.62

9.80

9.80

9.80

9.69

9.69

9.69

9.95

9.95

9.95

10.30

10.30

10.30

10.43

10.43

10.43

10.63

10.63

10.63

10.60

10.60

10.60

9.92

9.92

9.92

9.54

9.54

9.54

9.17

9.17

9.17

9.32

9.32

9.32

9.33

9.33

9.33

9.24

9.24

9.24

9.12

9.12

9.12

8.69

8.69

8.69

8.76

8.76

8.76

8.74

8.74

8.74

8.74

8.74

8.74

8.86

8.86

8.86

9.53

9.53

9.53

9.82

9.82

9.82

10.19

10.19

10.19

9.09

9.09

9.09

7.88

7.88

7.88

7.11

7.11

7.11

6.27

6.27

6.27

7.12

7.12

7.12

EBITDA Margin

6.59

6.59

6.59

6.59

6.59

7.97

7.97

9.21

9.21

9.21

9.21

8.20

-1.13

-1.13

-1.13

-1.13

-1.13

-13.95

-13.95

-33.77

-33.77

-51.43

-51.43

-51.43

-36.85

-36.85

-36.85

-31.19

-31.19

-31.19

-14.26

-14.26

-14.26

-10.80

-10.80

-10.80

-5.71

-5.71

-5.71

-1.96

-1.96

-1.96

-7.46

-7.46

-7.46

-2.99

-2.99

-2.99

-1.22

-1.22

-1.22

10.47

10.47

10.47

13.36

13.36

13.36

17.70

17.70

17.70

21.23

21.23

21.23

18.64

18.64

18.64

20.55

20.55

20.55

20.04

20.04

20.04

19.54

19.54

19.54

20.45

20.45

20.45

20.49

20.49

20.49

21.02

21.02

21.02

23.83

23.83

23.83

23.31

23.31

23.31

24.52

24.52

24.52

25.73

25.73

25.73

27.05

27.05

27.05

26.83

26.83

26.83

26.20

26.20

26.20

25.50

25.50

25.50

23.19

23.19

23.19

21.43

21.43

21.43

19.04

19.04

19.04

17.17

17.17

17.17

15.91

15.91

15.91

15.85

15.85

15.85

16.25

16.25

16.25

15.75

15.75

15.75

17.42

17.42

17.42

17.66

17.66

17.66

18.63

18.63

18.63

18.34

18.34

18.34

16.86

16.86

16.86

16.62

16.62

16.62

16.95

16.95

16.95

18.00

18.00

18.00

21.12

21.12

21.12

21.51

21.51

21.51

21.72

21.72

21.72

22.82

22.82

22.82

21.91

21.91

21.91

19.59

19.59

19.59

18.58

18.58

18.58

17.66

17.66

17.66

15.51

15.51

15.51

11.60

11.60

11.60

9.61

9.61

9.61

8.65

8.65

8.65

9.84

9.84

9.84

14.65

14.65

14.65

18.41

18.41

18.41

18.30

18.30

18.30

15.78

15.78

15.78

15.98

15.98

15.98

13.63

13.63

13.63

13.97

13.97

13.97

16.57

16.57

16.57

16.06

16.06

16.06

17.19

17.19

17.19

18.42

18.42

18.42

20.37

20.37

20.37

21.52

21.52

21.52

22.57

22.57

22.57

23.71

23.71

23.71

28.12

28.12

28.12

EBIT Margin

-1.95

-1.95

-1.95

-1.95

-1.95

0.49

0.49

1.35

1.35

1.35

1.35

-0.03

-8.31

-8.31

-8.31

-8.31

-8.31

-24.97

-24.97

-47.27

-47.27

-68.26

-68.26

-68.26

-52.80

-52.80

-52.80

-46.16

-46.16

-46.16

-27.14

-27.14

-27.14

-23.36

-23.36

-23.36

-17.01

-17.01

-17.01

-14.13

-14.13

-14.13

-21.14

-21.14

-21.14

-16.34

-16.34

-16.34

-8.92

-8.92

-8.92

0.98

0.98

0.98

6.21

6.21

6.21

10.49

10.49

10.49

10.13

10.13

10.13

9.75

9.75

9.75

9.84

9.84

9.84

9.42

9.42

9.42

9.19

9.19

9.19

9.45

9.45

9.45

9.48

9.48

9.48

9.80

9.80

9.80

12.19

12.19

12.19

11.84

11.84

11.84

12.70

12.70

12.70

13.74

13.74

13.74

14.30

14.30

14.30

14.70

14.70

14.70

13.97

13.97

13.97

13.52

13.52

13.52

12.39

12.39

12.39

10.14

10.14

10.14

8.15

8.15

8.15

6.29

6.29

6.29

4.67

4.67

4.67

4.65

4.65

4.65

4.98

4.98

4.98

4.46

4.46

4.46

6.11

6.11

6.11

6.80

6.80

6.80

8.06

8.06

8.06

8.02

8.02

8.02

6.81

6.81

6.81

6.84

6.84

6.84

7.23

7.23

7.23

8.36

8.36

8.36

11.00

11.00

11.00

11.63

11.63

11.63

11.63

11.63

11.63

12.42

12.42

12.42

11.99

11.99

11.99

7.85

7.85

7.85

5.76

5.76

5.76

4.30

4.30

4.30

2.30

2.30

2.30

-1.40

-1.40

-1.40

-2.67

-2.67

-2.67

-3.02

-3.02

-3.02

-3.15

-3.15

-3.15

3.65

3.65

3.65

6.87

6.87

6.87

6.91

6.91

6.91

7.19

7.19

7.19

5.09

5.09

5.09

4.11

4.11

4.11

4.33

4.33

4.33

7.74

7.74

7.74

7.19

7.19

7.19

7.56

7.56

7.56

8.06

8.06

8.06

8.91

8.91

8.91

9.85

9.85

9.85

11.54

11.54

11.54

13.38

13.38

13.38

14.75

14.75

14.75

Earnings from Cont. Ops Margin

-1.25

-1.25

-1.25

-1.25

-1.25

-0.66

-0.66

-0.19

-0.19

-0.19

-0.19

-1.11

-9.96

-9.96

-9.96

-9.96

-9.96

-30.50

-30.50

-59.31

-59.31

-85.40

-85.40

-85.40

-66.67

-66.67

-66.67

-54.86

-54.86

-54.86

-29.85

-29.85

-29.85

-25.26

-25.26

-25.26

-20.58

-20.58

-20.58

-16.30

-16.30

-16.30

-25.67

-25.67

-25.67

-22.76

-22.76

-22.76

-14.48

-14.48

-14.48

-7.07

-7.07

-7.07

-1.32

-1.32

-1.32

5.33

5.33

5.33

5.97

5.97

5.97

5.66

5.66

5.66

6.00

6.00

6.00

6.00

6.00

6.00

5.04

5.04

5.04

6.73

6.73

6.73

8.07

8.07

8.07

7.12

7.12

7.12

7.79

7.79

7.79

6.77

6.77

6.77

5.80

5.80

5.80

6.89

6.89

6.89

7.70

7.70

7.70

6.01

6.01

6.01

7.44

7.44

7.44

6.63

6.63

6.63

6.98

6.98

6.98

7.64

7.64

7.64

5.79

5.79

5.79

4.10

4.10

4.10

2.63

2.63

2.63

2.96

2.96

2.96

3.53

3.53

3.53

3.76

3.76

3.76

5.24

5.24

5.24

5.44

5.44

5.44

5.41

5.41

5.41

5.41

5.41

5.41

4.05

4.05

4.05

4.75

4.75

4.75

6.42

6.42

6.42

8.13

8.13

8.13

11.28

11.28

11.28

13.10

13.10

13.10

13.83

13.83

13.83

15.38

15.38

15.38

15.59

15.59

15.59

10.94

10.94

10.94

11.49

11.49

11.49

9.74

9.74

9.74

-9.19

-9.19

-9.19

-15.02

-15.02

-15.02

-18.24

-18.24

-18.24

-17.48

-17.48

-17.48

-1.48

-1.48

-1.48

6.56

6.56

6.56

8.41

8.41

8.41

7.25

7.25

7.25

6.83

6.83

6.83

10.50

10.50

10.50

9.62

9.62

9.62

9.11

9.11

9.11

11.39

11.39

11.39

4.89

4.89

4.89

4.80

4.80

4.80

4.78

4.78

4.78

4.92

4.92

4.92

5.07

5.07

5.07

6.28

6.28

6.28

7.60

7.60

7.60

7.64

7.64

7.64

Net Income Margin

-0.30

-0.30

-0.30

-0.30

-0.30

-0.23

-0.23

0.13

0.13

0.13

0.13

-0.74

-8.36

-8.36

-8.36

-8.36

-8.36

-25.56

-25.56

-50.19

-50.19

-73.01

-73.01

-73.01

-58.19