pww.comManulife Financial Corporation - SEHK:945

Profile

Price

HKD$ 229

()

Market Cap

HKD$ 401.181B

Shares Out

1751.88 M

Employees

38000

Dividends

Yield

5.53 %

Payout (TTM)

54.64 %

DPS (TTM)

1.6

DPS Growth 3Yr

17.78 %

DPS Growth 5Yr

57.48 %

DPS Growth 10Yr

242.57 %

FinancialHealth

Cash

-

Net Debt

HKD$ -7.6B

Debt/Equity (TTM)

26.4 %

Returns(TTM)

ROA

0.6 %

ROE

11.75 %

ROCE

0.18 %

Valuation(TTM)

P/E

13.221

P/B

1.507

P/FCF

2.919 %

Margins(TTM)

Gross

100 %

Operating

3.67 %

Pre-Tax

15.58 %

Net

12.52 %

FCFPS

14.393 %

Growth(CAGR)

RevPS 3Yr

-0.491 %

RevPS 5Yr

0.076 %

RevPS 10Yr

1.121 %

NetIncomePS 3Yr

-0.049 %

NetIncomePS 5Yr

0.108 %

NetIncomePS 10Yr

0.537 %

  • Last Price

    HKD$ 229

  • 5D

    0.000%

  • 1M

    -3.376%

  • 3M

    0.263%

  • 1Y

    34.944%

Manulife Financial Corporation (MFC) shows strong bullish factors, including consistent core ROE growth, robust earnings, aggressive capital return strategies, and successful portfolio optimization, particularly in Asia and Global Wealth and Asset Management (GWAM). The company has also invested in digital transformation to enhance customer experience. However, bearish factors include challenges from the interest rate environment affecting private equity returns, higher-than-expected lapses in the U.S. life business, increased effective tax rates due to the Global Minimum Tax, and risks associated with legacy businesses. Overall, while Manulife's fundamentals support growth, investors should be cautious of potential risks.

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-31-2006Nov-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

-

-

-

-

-

-

-

-

-

-

2.55

2.68

2.57

-

-

-

-

-

-

-

-

-

2.06

1.94

2.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6.01

6.05

5.72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6.16

5.72

5.62

-

-

-

-

-

-

-

-

-

1.83

1.81

1.84

1.86

1.87

1.92

1.98

1.94

1.89

-

-

-

3.12

3.08

3.10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4.88

4.78

4.84

-

-

-

13.72

13.80

14.00

7.92

7.59

7.15

1.85

1.91

1.88

-

-

-

6.24

5.82

5.88

-

-

-

3.20

3.21

-

-

-

-

-

-

-

-

-

-

15.52

15.52

-

-

-

-

-

-

-

-

-

-

2.63

2.65

-

-

-

-

-

-

-

-

-

-

1.30

1.45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18.28

18.23

-

-

-

-

-

-

-

-

-

-

13.66

13.52

-

-

-

-

-

-

-

-

-

-

14.65

14.71

-

-

-

-

-

-

-

-

-

-

28.12

26.75

-

-

-

-

-

-

-

80.48

81.86

80.27

21.43

-

-

13.99

12.43

-

-

9.56

10.41

-

11.08

10.82

-

9.47

-

20.88

20.51

23.20

20.01

30.86

33.56

11.92

13.74

14.31

13.83

13.22

12.49

9.82

10.16

10.63

9.49

9.12

10.27

10.42

16.57

16.21

17.51

18.96

16.24

15.99

18.20

15.29

-

-

-

-

-

-

-

10.75

-

-

Market Cap/LTM Levered FCF

-

-

-

-

-

-

-

-

-

-

2.41

2.54

2.43

-

-

-

-

-

-

-

-

-

1.77

1.64

1.79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5.83

5.87

5.51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5.78

5.31

5.20

-

-

-

-

-

-

-

-

-

1.61

1.59

1.62

1.60

1.61

1.66

1.70

1.65

1.60

-

-

-

2.49

2.45

2.46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5.11

5.01

5.07

-

-

-

15.15

15.25

15.50

7.69

7.32

6.83

1.62

1.68

1.65

-

-

-

6.05

5.58

5.64

-

-

-

2.88

2.89

-

-

-

-

-

-

-

-

-

-

20.38

20.38

-

-

-

-

-

-

-

-

-

-

2.49

2.51

-

-

-

-

-

-

-

-

-

-

1.68

1.84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25.35

25.30

-

-

-

-

-

-

-

-

-

-

16.17

16.01

-

-

-

-

-

-

-

-

-

-

17.28

17.34

-

-

-

-

-

-

-

-

-

-

35.69

33.51

-

-

-

-

-

-

-

141.87

144.13

141.52

30.33

-

-

17.04

15.23

-

-

12.61

13.57

-

14.45

14.15

-

12.24

-

29.19

28.69

32.32

28.01

53.41

57.86

14.69

16.79

17.44

17.39

16.68

15.83

12.81

13.19

13.73

12.45

12.53

13.81

13.98

22.29

21.86

23.78

25.52

19.97

19.68

22.23

18.87

-

-

-

-

-

-

-

14.28

-

-

P/LTM Normalized EPS

18.38

18.38

18.68

19.06

20.38

20.03

18.64

18.49

18.32

17.80

15.05

15.85

15.09

5.21

5.14

4.66

4.47

4.59

4.62

6.62

6.29

6.32

9.33

8.65

9.41

8.97

8.23

8.26

7.97

7.65

8.02

6.83

6.51

6.83

9.94

10.55

10.16

11.35

10.33

9.79

9.56

9.67

9.75

14.08

14.24

14.75

13.10

13.19

12.38

13.05

12.79

12.50

13.34

13.68

14.21

10.78

11.09

10.27

9.41

9.49

12.11

16.01

16.37

16.23

12.60

12.49

11.35

12.73

12.68

12.08

15.16

13.89

13.67

25.48

23.38

26.51

31.79

35.40

36.62

35.44

34.65

35.88

35.15

34.70

35.42

20.38

20.47

21.17

20.27

19.78

19.17

23.64

22.38

21.48

24.43

24.07

24.21

22.11

21.19

20.73

18.56

17.68

17.09

18.73

18.60

20.55

23.34

23.19

22.84

19.81

21.10

22.37

19.13

18.21

18.87

17.46

17.49

17.20

15.92

15.60

15.79

12.76

13.89

14.25

14.22

14.32

14.60

18.74

17.84

16.70

19.21

19.90

19.61

21.88

22.31

21.80

41.23

38.04

38.55

85.58

79.62

77.68

32.65

32.80

35.44

42.40

39.78

37.63

-

-

-

40.83

42.05

42.20

50.24

50.24

16.83

15.92

14.75

14.94

10.64

9.65

10.82

-

-

-

-

-

-

-

-

-

-

-

-

14.38

13.59

15.83

-

-

-

-

-

-

-

-

-

-

-

-

91.95

64.26

58.38

92.13

11.15

12.87

11.05

17.53

17.46

17.08

16.15

17.38

17.38

17.34

16.64

16.49

17.69

18.21

19.86

18.43

18.38

18.14

18.58

18.60

18.99

18.79

19.41

19.64

19.47

18.66

19.58

19.31

19.32

19.54

19.36

19.84

21.51

21.59

21.67

22.42

22.05

21.69

19.71

19.88

19.38

20.55

19.57

19.29

19.18

18.45

18.93

18.84

19.12

18.38

20.42

19.89

19.57

20.40

20.73

20.35

20.80

19.92

19.63

19.78

17.69

17.52

16.91

17.65

18.99

18.65

17.78

17.41

17.81

16.52

17.09

16.60

16.31

18.38

15.93

17.61

19.08

20.65

23.60

24.52

26.05

24.99

23.72

23.12

23.80

24.77

22.46

21.38

23.57

23.85

22.29

21.86

20.90

22.43

23.01

22.67

25.62

21.74

22.49

17.95

18.06

14.94

15.50

15.98

13.81

13.14

12.71

12.42

P/LTM EPS

15.39

15.39

15.63

15.96

17.34

17.04

15.87

15.78

15.63

15.19

12.30

12.96

12.34

4.14

4.08

3.70

3.54

3.64

3.66

5.16

4.90

4.92

7.27

6.74

7.33

7.02

6.44

6.46

5.84

5.60

5.87

5.03

4.79

5.03

7.10

7.53

7.25

7.79

7.09

6.72

6.62

6.70

6.75

9.03

9.14

9.47

9.16

9.23

8.66

8.72

8.55

8.35

9.24

9.48

9.85

7.71

7.93

7.35

6.33

6.38

8.14

10.58

10.82

10.73

8.59

8.51

7.73

8.73

8.70

8.29

10.59

9.70

9.55

17.27

15.85

17.98

20.90

23.28

24.07

24.38

23.83

24.68

24.72

24.41

24.92

14.33

14.39

14.88

14.17

13.82

13.40

16.45

15.57

14.95

16.98

16.73

16.83

16.53

15.84

15.49

15.42

14.69

14.20

14.83

14.72

16.26

17.62

17.50

17.25

15.45

16.45

17.44

14.22

13.54

14.03

13.34

13.36

13.14

12.20

11.95

12.09

9.44

10.28

10.55

10.05

10.12

10.32

12.66

12.06

11.28

12.70

13.16

12.97

14.34

14.63

14.29

23.13

21.34

21.63

34.84

32.41

31.62

16.92

17.00

17.39

51.36

48.19

45.58

-

-

-

73.95

76.14

76.42

-

-

7.00

6.62

6.13

6.21

10.65

9.66

10.83

-

-

-

-

-

-

-

-

-

-

-

-

7.70

7.28

8.47

22.34

24.44

23.55

-

-

-

-

-

-

-

-

-

63.50

44.38

40.31

63.63

8.96

10.34

8.99

14.27

14.21

13.85

13.10

14.09

14.16

14.13

13.97

13.85

14.85

15.30

16.67

15.47

15.43

15.25

15.62

15.63

15.98

15.82

16.51

16.71

16.57

15.88

16.48

16.26

16.27

16.68

16.53

16.94

17.94

18.00

17.84

17.99

17.70

17.41

16.15

16.29

15.87

16.63

15.84

15.61

15.93

15.95

15.73

15.13

15.36

14.76

15.76

15.35

15.10

15.20

15.44

15.16

15.32

14.67

14.46

14.62

13.07

12.94

12.49

12.88

13.86

13.61

13.12

12.85

13.14

12.20

12.63

12.63

12.42

13.99

12.12

12.88

13.95

15.22

17.39

18.07

19.15

18.37

17.44

17.68

18.20

18.94

17.17

17.04

18.80

19.02

18.28

17.93

17.40

18.67

47.28

46.59

52.64

44.68

56.79

45.32

45.61

37.72

43.23

44.55

38.51

39.81

12.35

12.07

P/BV

1.61

1.61

1.63

1.67

1.55

1.52

1.42

1.44

1.42

1.38

1.29

1.36

1.30

1.20

1.18

1.07

1.02

1.05

1.06

1.09

1.04

1.04

0.95

0.88

0.96

0.95

0.87

0.88

0.84

0.80

0.84

0.86

0.82

0.86

0.90

0.96

0.92

1.01

0.92

0.87

0.95

0.96

0.97

1.05

1.06

1.10

1.09

1.10

1.03

0.92

0.90

0.88

0.72

0.74

0.77

0.68

0.70

0.65

0.76

0.76

0.98

1.10

1.12

1.11

1.07

1.06

0.96

1.07

1.06

1.01

1.15

1.05

1.04

1.03

0.95

1.08

1.02

1.13

1.17

1.22

1.19

1.23

1.28

1.26

1.29

1.31

1.32

1.36

1.29

1.26

1.22

1.28

1.21

1.17

1.23

1.21

1.22

1.25

1.19

1.17

0.99

0.95

0.91

0.93

0.93

1.02

0.94

0.94

0.92

1.02

1.09

1.15

1.21

1.15

1.19

1.26

1.26

1.24

1.33

1.30

1.32

1.28

1.39

1.43

1.43

1.44

1.47

1.48

1.41

1.32

1.46

1.52

1.50

1.59

1.62

1.58

1.44

1.33

1.35

1.44

1.34

1.31

1.18

1.18

1.22

1.18

1.11

1.05

0.96

0.92

0.86

0.83

0.86

0.86

1.07

1.07

0.95

0.90

0.83

0.85

1.01

0.91

1.02

1.17

1.32

1.33

1.19

1.20

1.28

1.25

1.23

1.03

0.86

0.87

0.79

1.03

0.98

1.14

1.17

1.28

1.24

1.27

1.26

1.20

1.25

1.38

1.38

1.65

1.27

1.48

1.22

0.85

0.77

1.22

1.26

1.46

1.48

2.34

2.33

2.30

2.18

2.34

2.49

2.49

2.45

2.43

2.60

2.68

2.71

2.51

2.51

2.25

2.31

2.31

2.48

2.45

2.60

2.63

2.61

2.50

2.48

2.44

2.44

2.37

2.35

2.40

2.47

2.48

2.47

2.39

2.35

2.31

2.07

2.09

2.04

2.12

2.02

1.99

2.03

2.03

2.00

1.90

1.93

1.85

1.93

1.88

1.85

2.63

2.67

2.63

2.66

2.52

2.49

2.45

2.19

2.17

2.09

2.11

2.28

2.23

2.05

2.01

2.05

1.88

1.95

1.93

1.90

2.14

1.85

1.88

2.03

2.17

2.48

2.58

2.67

2.56

2.43

2.44

2.51

2.61

2.37

2.61

2.88

2.92

2.72

2.67

2.61

2.80

2.90

2.86

3.23

2.75

2.86

2.28

2.30

1.90

1.95

2.01

1.74

1.65

1.41

1.38

P/Tangible BV

2.07

2.07

2.11

2.15

2.01

1.97

1.84

1.86

1.84

1.79

1.68

1.77

1.69

1.56

1.54

1.39

1.35

1.38

1.39

1.42

1.35

1.36

1.19

1.11

1.20

1.18

1.08

1.09

1.03

0.99

1.04

1.05

1.00

1.05

1.11

1.18

1.13

1.25

1.14

1.08

1.18

1.20

1.21

1.34

1.36

1.41

1.38

1.39

1.30

1.16

1.14

1.12

0.92

0.94

0.98

0.86

0.88

0.82

0.97

0.98

1.25

1.41

1.44

1.43

1.37

1.36

1.24

1.38

1.38

1.31

1.51

1.39

1.36

1.37

1.26

1.43

1.35

1.51

1.56

1.63

1.60

1.66

1.73

1.70

1.74

1.75

1.76

1.82

1.72

1.68

1.63

1.72

1.63

1.56

1.67

1.64

1.65

1.65

1.58

1.55

1.33

1.27

1.22

1.25

1.25

1.38

1.25

1.24

1.22

1.35

1.43

1.52

1.58

1.51

1.56

1.60

1.61

1.58

1.62

1.58

1.60

1.56

1.70

1.75

1.76

1.78

1.81

1.84

1.76

1.64

1.84

1.91

1.88

2.03

2.07

2.02

1.85

1.71

1.73

1.86

1.73

1.69

1.51

1.52

1.56

1.54

1.44

1.37

1.25

1.20

1.12

1.08

1.11

1.12

1.41

1.41

1.29

1.22

1.13

1.14

1.34

1.22

1.36

1.57

1.76

1.78

1.72

1.74

1.86

1.86

1.83

1.52

1.33

1.34

1.22

1.52

1.43

1.67

1.75

1.92

1.85

2.03

2.00

1.91

1.97

2.18

2.18

2.75

2.12

2.47

1.92

1.34

1.22

1.93

1.96

2.26

2.26

3.59

3.58

3.54

3.35

3.60

3.84

3.83

3.81

3.78

4.05

4.17

4.13

3.84

3.83

3.43

3.51

3.51

3.92

3.88

4.20

4.25

4.21

4.04

4.05

3.99

4.00

3.87

3.83

3.93

4.07

4.09

4.09

3.99

3.93

3.86

3.49

3.53

3.44

3.49

3.32

3.28

3.37

3.37

3.33

3.19

3.24

3.11

3.30

3.21

3.16

2.81

2.86

2.81

2.85

2.70

2.66

2.62

2.35

2.32

2.24

2.26

2.43

2.39

2.20

2.16

2.21

2.03

2.10

1.93

1.90

2.14

1.85

1.88

2.03

2.17

2.48

2.58

2.67

2.56

2.43

2.44

2.51

2.61

2.37

2.61

2.88

2.92

2.72

2.67

2.61

2.80

2.90

2.86

3.23

2.75

2.86

2.28

2.30

1.90

1.95

2.01

1.74

1.65

1.41

1.38

TEV/LTM Total Revenue

2.60

2.60

2.64

2.73

2.76

2.71

2.57

2.62

2.60

2.54

2.33

2.45

2.35

3.20

3.16

2.92

2.46

2.53

2.55

3.28

3.15

3.17

3.87

3.64

3.92

2.66

2.49

2.50

1.68

1.63

1.70

0.82

0.79

0.83

0.85

0.90

0.87

0.98

0.90

0.86

1.00

1.01

1.01

1.00

1.00

1.04

0.76

0.76

0.72

0.75

0.73

0.72

0.55

0.56

0.58

0.56

0.57

0.54

0.50

0.51

0.63

0.81

0.82

0.81

0.94

0.93

0.86

1.05

1.05

1.01

1.51

1.40

1.38

1.11

1.03

1.15

0.98

1.07

1.10

1.05

1.03

1.07

0.99

0.98

1.00

1.66

1.66

1.71

1.55

1.51

1.47

1.42

1.35

1.31

1.18

1.17

1.17

1.06

1.02

1.01

0.98

0.95

0.93

1.30

1.30

1.39

1.32

1.31

1.30

1.17

1.23

1.30

1.17

1.12

1.16

1.00

1.00

0.99

0.84

0.82

0.83

0.94

0.97

0.99

1.14

1.15

1.16

1.88

1.81

1.70

2.62

2.70

2.66

2.33

2.37

2.31

2.00

1.86

1.88

1.25

1.18

1.15

1.12

1.12

0.92

1.10

1.05

1.01

0.60

0.58

0.55

0.53

0.55

0.55

0.61

0.61

0.48

0.56

0.53

0.53

0.73

0.66

0.74

0.85

0.95

0.96

0.92

0.93

0.91

0.79

0.77

0.65

0.45

0.45

0.40

0.59

0.55

0.66

0.65

0.73

0.66

0.61

0.60

0.56

0.75

0.85

0.84

1.07

0.77

0.94

0.80

0.49

0.42

0.80

0.98

1.06

0.95

1.56

1.56

1.55

1.46

1.58

1.57

1.57

1.57

1.64

1.77

1.82

1.99

1.84

1.84

1.73

1.78

1.78

1.82

1.80

1.74

1.89

1.87

1.79

1.68

1.66

1.66

1.67

1.66

1.70

1.76

1.76

1.69

1.76

1.73

1.70

1.58

1.60

1.56

1.66

1.58

1.56

1.71

1.71

1.67

1.88

1.91

1.83

2.36

2.30

2.26

2.43

2.47

2.42

1.25

1.19

1.17

1.23

1.09

1.08

1.04

0.92

1.00

0.98

0.94

0.91

0.94

0.87

0.91

0.94

0.93

1.05

0.90

0.92

1.00

1.03

1.19

1.24

1.25

1.19

1.13

1.10

1.14

1.19

1.07

1.12

1.26

1.27

1.29

1.27

1.17

1.26

1.32

1.30

1.48

1.24

1.21

0.94

0.95

0.77

0.73

0.76

0.64

0.68

0.61

0.51

Market Cap/LTM Total Revenue

2.50

2.50

2.54

2.62

2.51

2.47

2.32

2.38

2.37

2.31

2.12

2.24

2.13

2.72

2.68

2.43

2.18

2.25

2.27

2.79

2.65

2.67

3.23

3.00

3.28

2.27

2.10

2.11

1.43

1.38

1.45

0.77

0.74

0.78

0.81

0.86

0.83

0.92

0.83

0.79

0.87

0.88

0.89

0.85

0.86

0.89

0.68

0.68

0.64

0.64

0.62

0.61

0.44

0.45

0.47

0.47

0.48

0.45

0.44

0.44

0.56

0.67

0.68

0.67

0.79

0.78

0.71

0.90

0.89

0.85

1.30

1.19

1.17

0.92

0.84

0.96

0.84

0.94

0.97

0.92

0.90

0.93

0.85

0.84

0.85

1.39

1.40

1.45

1.29

1.26

1.22

1.16

1.10

1.05

0.91

0.90

0.90

0.74

0.71

0.70

0.65

0.62

0.60

0.89

0.89

0.98

1.09

1.08

1.07

0.99

1.05

1.12

1.00

0.95

0.98

0.83

0.83

0.82

0.81

0.79

0.80

0.92

0.94

0.97

1.02

1.03

1.04

1.63

1.55

1.45

2.24

2.32

2.28

2.09

2.13

2.08

1.74

1.61

1.62

1.06

0.99

0.96

0.94

0.95

0.97

0.84

0.78

0.74

0.47

0.46

0.42

0.42

0.43

0.43

0.49

0.49

0.51

0.48

0.44

0.45

0.70

0.63

0.71

0.78

0.88

0.88

0.82

0.83

0.89

0.76

0.75

0.62

0.55

0.55

0.51

0.71

0.67

0.77

0.81

0.89

0.87

0.78

0.78

0.74

0.92

1.02

1.01

1.32

1.02

1.18

1.02

0.71

0.65

1.02

1.09

1.17

1.05

1.67

1.66

1.66

1.57

1.70

1.71

1.70

1.71

1.70

1.82

1.88

2.06

1.91

1.90

1.79

1.83

1.83

1.86

1.84

1.86

1.88

1.86

1.78

1.73

1.71

1.71

1.72

1.70

1.75

1.81

1.81

1.79

1.72

1.69

1.67

1.55

1.57

1.53

1.61

1.53

1.51

1.72

1.72

1.69

1.89

1.92

1.84

2.38

2.32

2.28

2.60

2.65

2.60

1.41

1.35

1.33

1.29

1.16

1.15

1.11

1.06

1.14

1.12

1.05

1.03

1.05

0.98

1.02

0.98

0.96

1.08

0.94

0.97

1.05

1.10

1.26

1.31

1.35

1.30

1.23

1.28

1.32

1.37

1.24

1.38

1.52

1.53

1.46

1.43

1.32

1.42

1.40

1.38

1.56

1.32

1.32

1.05

1.06

0.88

0.85

0.87

0.76

0.75

0.68

0.67

TEV/LTM EBITDA

-

-

-

-

-

-

-

-

-

-

7.59

7.99

7.66

3.36

3.31

3.06

2.73

2.80

2.83

4.07

3.91

3.93

5.68

5.34

5.75

5.38

5.04

5.05

4.81

4.66

4.87

3.84

3.68

3.87

5.24

5.56

5.38

6.06

5.56

5.29

5.42

5.48

5.51

7.42

7.49

7.72

6.92

6.96

6.58

6.85

6.73

6.60

6.95

7.09

7.32

5.76

5.90

5.53

4.90

4.93

6.13

8.34

8.49

8.42

6.74

6.69

6.17

6.66

6.63

6.38

7.65

7.11

6.99

10.47

9.73

10.86

11.70

12.85

13.24

13.37

13.11

13.51

13.75

13.60

13.84

10.49

10.52

10.82

10.15

9.95

9.69

11.59

11.08

10.71

12.50

12.36

12.41

13.24

12.85

12.65

12.05

11.67

11.42

11.31

11.26

12.06

10.67

10.61

10.48

9.20

9.71

10.21

9.42

9.04

9.31

9.52

9.54

9.40

7.63

7.48

7.57

6.48

6.67

6.84

7.34

7.38

7.49

9.34

8.95

8.44

9.43

9.72

9.58

9.51

9.68

9.46

13.88

12.94

13.06

18.61

17.51

17.11

11.42

11.47

9.74

13.29

12.67

12.12

19.92

19.30

18.22

10.33

10.57

10.56

12.76

12.76

5.79

6.77

6.34

6.39

4.81

4.38

4.88

27.89

31.08

31.31

26.73

26.99

26.39

-

-

-

-

-

-

5.15

4.82

5.76

23.01

25.68

18.07

-

-

-

-

-

-

-

-

-

12.28

7.55

6.53

12.30

5.10

5.49

4.78

7.90

7.86

7.75

7.31

7.92

7.78

7.76

7.46

7.81

8.40

8.66

9.45

8.75

8.72

8.66

8.88

8.88

9.25

9.15

9.06

9.84

9.75

9.35

9.43

9.29

9.30

9.54

9.45

9.70

10.44

10.48

10.26

11.18

11.00

10.82

9.90

9.99

9.74

10.80

10.30

10.16

11.09

10.74

10.92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TEV/LTM EBIT

8.80

8.80

8.94

9.24

10.20

10.04

9.50

9.40

9.35

9.13

7.88

8.29

7.94

3.38

3.34

3.08

2.76

2.83

2.86

4.15

3.98

4.01

5.85

5.50

5.92

5.58

5.22

5.24

4.99

4.83

5.05

3.97

3.80

3.99

5.46

5.79

5.61

6.32

5.79

5.51

5.65

5.71

5.75

7.87

7.95

8.19

7.32

7.37

6.96

7.32

7.19

7.05

7.53

7.68

7.93

6.16

6.31

5.92

5.20

5.23

6.50

9.05

9.22

9.15

7.26

7.20

6.64

7.19

7.17

6.90

8.33

7.73

7.61

11.75

10.92

12.19

13.28

14.58

15.01

15.01

14.72

15.17

15.41

15.24

15.51

11.30

11.34

11.66

11.20

10.97

10.69

12.95

12.38

11.97

14.13

13.97

14.03

14.72

14.28

14.06

13.09

12.68

12.40

12.48

12.42

13.30

11.87

11.80

11.66

10.40

10.97

11.53

10.50

10.07

10.37

10.38

10.40

10.25

8.29

8.12

8.22

6.98

7.18

7.37

7.92

7.97

8.08

10.21

9.79

9.23

10.36

10.68

10.52

10.50

10.69

10.44

16.24

15.14

15.28

22.95

21.60

21.11

13.25

13.30

11.31

15.57

14.84

14.21

27.00

26.15

24.69

12.13

12.41

12.41

14.89

14.89

6.29

7.35

6.90

6.95

5.10

4.65

5.17

38.08

42.43

42.76

34.33

34.68

33.90

-

-

-

-

-

-

5.50

5.14

6.14

31.46

35.13

22.92

-

-

-

-

-

-

-

-

-

14.21

8.73

7.56

14.24

5.34

5.76

4.97

8.22

8.18

8.07

7.61

8.25

8.11

8.09

7.76

8.13

8.74

9.01

9.83

9.10

9.07

9.00

9.23

9.24

9.59

9.49

9.39

10.20

10.11

9.69

9.80

9.66

9.66

9.92

9.83

10.08

10.87

10.91

10.57

11.54

11.35

11.17

10.20

10.29

10.03

11.09

10.58

10.43

11.37

11.01

11.14

12.99

13.19

12.67

16.38

15.95

15.69

17.09

17.39

17.05

9.35

8.90

8.76

9.34

8.30

8.21

7.91

7.46

8.12

7.95

7.64

7.47

7.65

7.01

7.30

7.72

7.58

8.58

7.40

8.26

8.98

9.64

11.11

11.56

11.99

11.46

10.83

10.86

11.23

11.76

10.50

10.07

11.35

11.51

12.25

11.99

11.44

12.39

12.11

11.92

13.57

11.41

11.81

9.21

9.28

7.49

7.68

7.96

6.71

7.05

6.93

5.86

Margin Analysis

Gross Margin

49.53

49.53

49.53

49.53

47.54

47.54

47.54

48.47

48.47

48.47

50.26

50.26

50.26

51.36

51.36

50.08

50.08

50.08

35.51

35.51

35.51

21.21

21.21

21.21

15.39

15.39

15.39

16.31

16.31

16.31

21.77

21.77

21.77

30.31

30.31

30.31

31.78

31.78

31.78

23.57

23.57

23.57

17.79

17.79

17.79

13.72

13.72

13.72

14.01

14.01

14.01

16.12

16.12

16.12

18.87

18.87

18.87

18.43

18.43

18.43

7.70

7.70

7.70

9.62

9.62

9.62

11.46

11.46

11.46

14.56

14.56

14.56

22.98

22.98

22.98

24.77

24.77

24.77

22.80

22.80

22.80

23.80

23.80

23.80

40.30

40.30

40.30

36.85

36.85

36.85

29.88

29.88

29.88

21.00

21.00

21.00

16.99

16.99

16.99

6.80

6.80

6.80

11.70

11.70

11.70

10.43

10.43

10.43

10.37

10.37

10.37

27.18

27.18

27.18

19.48

19.48

19.48

20.59

20.59

20.59

26.73

26.73

26.73

28.99

28.99

28.99

44.10

44.10

44.10

63.17

63.17

63.17

58.97

58.97

58.97

29.57

29.57

29.57

-4.90

-4.90

-4.90

-3.46

-3.46

-3.46

-9.36

-9.36

-9.36

-4.13

-4.13

-4.13

9.88

9.88

9.88

8.86

8.86

8.86

17.44

17.44

17.44

29.68

29.68

29.68

14.30

14.30

14.30

15.20

15.20

15.20

9.59

9.59

9.59

6.65

6.65

6.65

22.14

22.14

22.14

12.72

12.72

12.72

3.61

3.61

3.61

8.08

8.08

8.08

7.03

7.03

7.03

16.99

16.99

16.99

30.70

30.70

30.70

29.79

29.79

29.79

29.96

29.96

29.96

29.86

29.86

29.86

31.07

31.07

31.07

31.28

31.28

31.28

29.95

29.95

29.95

29.67

29.67

29.67

29.24

29.24

29.24

27.84

27.84

27.84

27.34

27.34

27.34

27.14

27.14

27.14

26.83

26.83

26.83

27.58

27.58

27.58

27.33

27.33

27.33

27.19

27.19

27.19

27.19

27.19

27.19

27.33

27.33

27.33

27.36

27.36

27.36

26.35

26.35

26.35

26.97

26.97

26.97

26.61

26.61

26.61

27.18

27.18

27.18

28.16

28.16

28.16

27.52

27.52

27.52

26.49

26.49

26.49

26.02

26.02

26.02

26.05

26.05

26.05

26.90

26.90

26.90

28.08

28.08

28.08

27.68

27.68

27.68

26.36

26.36

26.36

25.35

25.35

25.35

24.54

24.54

24.54

22.87

22.87

22.87

22.74

22.74

22.74

22.71

22.71

SG&A Margin

15.21

15.21

15.21

15.21

15.58

15.58

15.58

15.62

15.62

15.62

15.69

15.69

15.69

16.76

16.76

17.12

17.12

17.12

18.82

18.82

18.82

21.91

21.91

21.91

12.95

12.95

12.95

12.72

12.72

12.72

10.07

10.07

10.07

12.83

12.83

12.83

13.62

13.62

13.62

14.18

14.18

14.18

13.63

13.63

13.63

9.74

9.74

9.74

10.81

10.81

10.81

9.64

9.64

9.64

10.40

10.40

10.40

9.88

9.88

9.88

10.37

10.37

10.37

12.74

12.74

12.74

15.22

15.22

15.22

21.35

21.35

21.35

17.15

17.15

17.15

15.66

15.66

15.66

14.18

14.18

14.18

12.75

12.75

12.75

19.16

19.16

19.16

18.04

18.04

18.04

16.16

16.16

16.16

13.48

13.48

13.48

10.44

10.44

10.44

11.22

11.22

11.22

16.45

16.45

16.45

18.60

18.60

18.60

15.04

15.04

15.04

12.84

12.84

12.84

9.14

9.14

9.14

8.96

8.96

8.96

10.77

10.77

10.77

11.84

11.84

11.84

18.34

18.34

18.34

27.09

27.09

27.09

27.01

27.01

27.01

24.86

24.86

24.86

14.97

14.97

14.97

15.67

15.67

15.67

13.63

13.63

13.63

8.95

8.95

8.95

8.79

8.79

8.79

8.10

8.10

8.10

9.12

9.12

9.12

11.66

11.66

11.66

11.22

11.22

11.22

10.43

10.43

10.43