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Q M S Advisors
.
Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
Minority
Interest
(USD)
Total Revenue
Cash and Enterprise
Equivalents
Value
(USD)
(USD)
Est. Tot.
Rev. - Tr.
12M
EBITDA
Est. Tot.
Est. Tot.
Est. EBITDA - Est. EBITDA - Est. EBITDA Rev. - 2013 Rev. - 2014 EBITDA - LFY Tr. 12M
2013
2014
EPS - LFY
Price/Earnings ratio
Est. P/E
Ratio - Tr.
12M
Rev. Growth
EBITDA Growth
Est.
Est.
Est. Est.
Est. P/E
Est. P/E
Revenue
Revenue Est. EBITDA
EBITDA
Est. EBITDA
Ratio - 2013 Ratio - 2014 Growth - 1Y Growth - 5Y Growth - 1Y Growth - 5Y Margin -
S&P LT
Credit
Rating -
S&P LT Credit
Rating Date
Moody's LT
Credit
Moody's LT Credit
Rating
Rating Date
USD
14664995
1960.721
1107
1107
204
218
218
101.88
110.18
110.18
15.64
15.64
14.46
14.46
18.83
Euro Stoxx 50 Pr
EUR
2665458
5644.23
4685
4685
751
783
783
212.38
307.58
307.58
21.91
18.23
15.13
15.13
20.12
NIKKEI 225
JPY
2754343
195.4507
193
193
18
22
22
5.03
6.89
6.89
0.29
0.28
0.21
0.21
0.11
GBP
2770298
12036.34
9308
9308
1468
1668
1668
548.60
826.37
826.37
28.19
23.76
18.71
18.71
23.07
CHF
1069323
11302.06
4148
4148
879
844
844
422.09
560.69
560.69
21.41
18.40
16.12
16.12
22.77
CAD
1638689
17043.62
7901
7901
1862
2073
2073
795.38
870.10
870.10
15.16
15.16
13.86
13.86
24.48
AUD
1457007
6845.162
2833
2833
630
701
701
250.06
336.12
336.12
22.19
17.81
16.51
16.51
23.22
HKD
1731677
3400.73
1701
1701
364
405
405
274.80
269.60
269.60
1.37
1.50
1.40
1.40
2.97
MSCI EM
USD
7701703
1416.96
7066542
7066542
196
195
195
85.16
95.99
95.99
12.07
13.13
10.70
10.70
19.56
USD
16627
1520
1112
12.25
4856
4856
4275
4667
1779
1779
189
189
1.02
1.01
0.85
1.04
14.83
14.83
17.59
14.41
51.86
36.64
NR
11.07.2008
USD
22617
956
494
20.50
4404
4366
4118
4512
1477
1296
288
288
1.62
1.41
1.45
1.80
31.96
31.96
31.10
25.09
4.45
3.06
0.67
4.71
29.68
BBB+
25.01.2010
Baa1
25.01.2010
USD
7679
1046
178
6.60
1374
1423
1540
1753
519
546
159
159
1.15
1.29
1.94
2.19
33.36
33.36
22.13
19.68
18.59
14.51
12.01
19.00
38.37
NR
12.11.2002
USD
19259
506
195
18.39
1134
1228
1518
1895
424
424
149
149
1.34
1.50
2.95
3.27
65.97
65.97
33.47
30.17
44.76
49.97
61.86
37.38
ALTERA CORP
USD
10129
797
320
7.50
1783
1810
1754
2015
628
632
126
126
1.72
1.73
1.46
1.76
18.29
18.29
21.66
17.94
-13.63
8.51
-28.72
14.97
34.94
A-
04.11.2011
A2
01.05.2012
AMAZON.COM INC
USD
113692
1808
454
11
109.49
61093
63978
74865
91384
2835
3066
993
993
-0.23
-0.56
3.13
5.30
79.71
47.10
27.07
31.59
45.76
25.77
4.79
AA-
26.11.2012
Baa1
26.11.2012
AMGEN INC
USD
80003
1375
756
27
24
82.62
17265
17455
17925
18375
6665
6665
1638
1638
6.00
6.36
7.28
8.28
16.76
16.76
14.66
12.89
10.80
3.45
24.07
2.92
38.60
A+
07.09.2007
Baa1
07.11.2011
USD
13359
411
298
10.13
2701
2675
2690
2980
942
923
225
225
2.15
2.11
2.16
2.69
20.68
20.68
20.20
16.22
-9.76
1.99
-20.98
4.28
34.52
A-
29.09.2010
A3
25.06.2009
APPLE INC
USD
403732
5478
939
121
259.04
156508
169104
171696
188398
58518
57381
10622
10622
44.15
41.89
40.01
44.07
10.27
10.27
10.75
9.76
44.58
43.06
64.36
65.35
33.93
AA+
23.04.2013
Aa1
23.04.2013
USD
17281
3929
1197
17.47
8719
8103
7828
9351
1422
1285
317
317
0.75
0.62
0.61
1.07
23.23
23.23
23.72
13.42
-17.10
0.23
-45.03
-11.81
15.86
A-
21.12.1999
A3
20.08.1997
AUTODESK INC
USD
8551
501
224
6.93
2312
2312
2448
2648
478
478
161
161
1.09
1.14
2.12
2.46
33.52
33.52
18.06
15.56
4.36
1.06
1.66
-1.18
20.66
BBB
05.12.2012
Baa2
10.12.2012
USD
32564
375
484
31.08
10665
10945
11314
12148
2342
2375
779
779
2.74
2.79
2.90
3.19
24.06
24.06
23.13
21.07
7.95
5.09
6.64
4.99
21.70
AAA
29.10.1998
USD
8005
517
245
6.86
2364
2377
2387
2651
744
740
173
173
2.28
2.29
2.60
2.96
14.22
14.22
12.50
10.99
1.20
8.15
-0.13
39.47
31.13
USD
29892
1410
350
12
32
163.60
22306
24011
30034
38834
12567
12551
3485
3485
29.83
30.32
31.45
38.14
17.38
17.38
16.76
13.82
53.83
60.80
48.51
76.77
52.27
A3
06.11.2012
USD
15465
825
226
14.45
10915
10915
11635
12274
1833
1833
386
386
4.56
4.58
5.01
5.62
14.93
14.93
13.65
12.18
14.89
12.27
4.61
12.98
16.79
BBB+
30.06.2011
USD
53079
513
237
53.33
5516
5640
6501
7622
2204
2354
597
597
5.71
6.24
7.95
9.89
35.85
35.85
28.12
22.61
9.27
8.48
3.06
11.87
41.75
A-
17.04.2013
Baa2
19.03.2012
USD
6491
644
162
6.62
2172
2198
2227
2325
769
702
222
222
2.36
2.18
3.47
3.86
20.86
20.86
13.08
11.78
5.17
4.81
6.32
13.24
31.93
BBB+
22.07.2010
Baa2
23.07.2010
BROADCOM CORP-CL A
USD
20222
2534
569
17.99
8006
8184
8629
9457
1297
1353
375
375
1.45
1.50
2.89
3.08
23.61
23.61
12.24
11.49
8.35
17.71
2.94
48.35
16.53
A-
11.08.2011
A2
27.10.2010
CA INC
USD
12141
871
466
10.89
4814
4680
4640
4667
1805
1836
403
403
2.04
2.16
2.41
2.53
12.35
12.35
11.04
10.54
8.69
1.88
11.15
14.58
39.23
BBB+
11.04.2011
Baa2
13.08.2010
CATAMARAN CORP
USD
11631
249
205
12.44
9940
9940
14511
16281
367
367
150
150
0.87
0.87
1.87
2.36
65.07
65.07
30.29
24.04
99.78
303.30
120.71
82.08
3.70
BB
22.05.2012
CELGENE CORP
USD
49609
905
420
48.85
5507
5698
6148
7036
2199
2230
749
749
4.01
4.15
5.74
6.90
28.54
28.54
20.64
17.17
13.73
26.39
32.20
36.40
39.13
BBB+
04.10.2010
Baa2
04.10.2010
CERNER CORP
USD
16292
225
172
15.47
2665
2704
2985
3375
794
830
238
238
2.26
2.37
2.82
3.28
40.00
40.00
33.66
28.86
20.98
12.47
18.13
17.35
30.69
USD
9369
218
161
9.48
11359
11359
12979
14106
713
713
191
191
3.08
3.06
3.06
3.47
19.20
19.20
19.24
16.98
9.89
8.96
-1.63
5.84
6.28
USD
9391
661
199
5.87
1343
1352
1399
1490
761
763
198
198
2.94
3.01
3.41
3.72
15.15
15.15
13.40
12.26
7.68
11.32
9.76
17.15
56.39
USD
111865
6777
5298
16
49
81.79
46061
47252
48678
51367
12971
13372
3802
3802
1.60
1.48
2.00
2.11
14.22
14.22
10.52
9.95
6.58
4.44
18.36
5.10
28.30
A+
10.02.2006
A1
10.02.2006
USD
11598
537
186
10.94
2586
2670
2963
3347
606
596
200
200
1.70
1.65
3.09
3.53
37.58
37.58
20.11
17.62
17.21
12.57
5.10
15.29
22.34
NR
04.02.2005
USD
18991
1217
302
16.13
7346
7346
8626
10010
1518
1518
411
411
3.44
3.44
4.31
4.94
18.29
18.29
14.59
12.73
20.02
26.92
20.42
28.37
20.66
COMCAST CORP-CLASS A
USD
108281
2210
2639
40
17
12
153.76
62570
62570
64180
67996
19977
19977
4982
4982
1.92
1.93
2.39
2.75
21.50
21.50
17.38
15.11
12.05
16.15
8.82
11.13
31.93
A-
14.02.2013
A3
13.02.2013
USD
47403
660
432
46.79
99137
103128
106074
115137
3667
3874
932
932
3.96
4.35
4.55
5.03
24.95
24.95
23.86
21.60
11.50
8.06
11.02
10.87
3.76
DELL INC
USD
23308
1232
1738
13
19.64
56940
56940
55730
55642
4156
4156
947
947
1.48
1.49
1.53
1.64
8.95
8.95
8.75
8.14
-8.27
-1.66
-22.56
0.13
7.30
USD
6028
144
142
7.51
2928
2928
3051
3186
537
537
155
155
2.37
2.37
2.41
2.67
17.78
17.78
17.51
15.82
15.40
7.52
27.33
5.25
DIRECTV
USD
32629
956
587
18
49.09
29740
29740
31892
34136
7447
7447
1878
1878
4.52
4.54
4.84
5.81
12.59
12.59
11.81
9.83
9.23
10.57
7.32
DISCOVERY COMMUNICATIONS-A
USD
28381
307
304
32.43
4487
4521
5552
6143
1978
1975
512
512
2.52
2.52
3.37
4.25
31.28
31.28
23.37
18.53
7.65
USD
10858
337
225
10.73
7395
7395
7939
8612
1095
1095
254
254
2.34
2.53
2.78
3.20
18.90
18.90
17.21
14.92
11.52
EBAY INC
USD
68575
2127
1294
63.70
14072
14542
16325
19014
4088
4285
1247
1247
1.95
2.01
2.74
3.23
26.29
26.29
19.27
16.36
EQUINIX INC
USD
10296
286
49
14.00
1896
1981
2207
2547
818
844
243
243
2.99
3.00
2.87
4.53
70.34
70.34
73.43
EXPEDIA INC
USD
7576
1997
135
7.20
4030
4226
4818
5453
809
865
222
222
2.70
2.12
3.33
3.97
26.41
26.41
16.82
USD
7364
266
206
6.11
5981
5981
6367
6927
571
571
141
141
1.57
1.57
1.78
2.03
22.71
22.71
USD
47776
1970
818
16
60.24
93858
108166
100773
102127
4657
5485
1649
1649
2.46
2.45
4.27
4.90
23.85
F5 NETWORKS INC
USD
5954
649
79
5.43
1377
1431
1458
1628
461
464
130
130
3.46
3.44
4.46
5.06
FACEBOOK INC-A
USD
65178
6526
2372
10
57.91
5089
5089
6673
8466
1187
1187
761
761
0.01
0.02
0.57
0.78
FASTENAL CO
USD
14811
423
297
14.65
3134
3171
3443
3887
727
743
219
219
1.42
1.45
1.62
1.89
FISERV INC
USD
12086
192
133
14.96
4482
4482
4934
5145
1410
1410
374
374
4.38
4.38
5.98
6.66
FOSSIL INC
USD
5655
152
53
5.56
2858
2858
3166
3453
554
554
105
105
5.37
5.41
6.06
GARMIN LTD
USD
6914
216
196
4.04
2716
2716
2555
2507
695
695
112
112
2.76
2.77
USD
77779
2876
1519
83.66
9703
9703
10713
13009
4288
4288
1132
1132
1.69
GOOGLE INC-CL A
USD
271115
536
330
50
224.69
50175
54703
47546
55173
15722
16160
5164
5164
USD
7878
114
88
8.73
8940
8940
9515
10038
759
759
185
185
INTEL CORP
USD
117517
8151
4944
13
23
108.98
53341
53015
53565
55902
22160
21148
4604
INTUIT INC
USD
18062
1162
295
17.90
4151
4211
4519
4922
1419
1307
1388
2.12
-0.50
28.11.2012
A1
26.03.2012
*-
05.02.2013
Baa1 *-
05.02.2013
18.33
BBB+
02.09.2011
Baa2
16.08.2011
12.83
25.04
BBB
25.02.2011
8.50
43.69
BBB
09.03.2011
11.62
15.79
17.48
14.81
20.77
11.98
23.39
9.42
29.47
02.03.2010
A2
21.10.2010
46.62
20.76
27.20
23.95
49.56
42.59
BB
28.02.2013
Ba3
28.02.2013
14.11
16.86
8.58
12.52
2.11
20.47
BBB-
22.12.2011
Ba1
30.10.2009
20.03
17.60
-2.76
1.93
-13.03
4.22
9.54
23.85
13.70
11.92
103.47
45.59
81.37
32.09
5.07
BBB+
31.05.2012
Baa3
04.06.2009
22.08
22.08
17.02
15.02
19.57
18.14
24.19
28.96
32.39
1349.00
1349.00
47.67
34.81
37.13
-42.91
23.32
34.50
34.50
30.87
26.44
13.25
8.15
17.41
11.95
23.44
20.76
20.76
15.20
13.64
3.34
1.00
4.83
8.80
31.46
BBB-
02.03.2010
Baa2
08.11.2007
6.89
17.61
17.61
15.73
13.84
11.30
15.87
5.81
20.38
19.40
2.41
2.45
12.72
12.72
14.65
14.40
-1.55
-8.13
7.15
-6.49
25.58
1.68
2.06
2.97
30.46
30.46
24.76
17.21
15.71
19.77
4.80
14.12
44.20
A-
23.03.2011
Baa1
23.03.2011
34.02
34.99
46.17
53.26
23.41
23.41
17.74
15.38
32.37
22.23
15.66
21.04
29.54
AA
19.11.2012
Aa2
16.05.2011
4.44
4.42
4.87
5.38
20.33
20.33
18.47
16.71
4.80
7.43
8.80
10.46
8.50
4604
2.13
2.00
1.90
2.03
11.88
11.88
12.49
11.70
-1.22
8.14
-5.87
10.34
39.89
A+
17.02.1993
A1
14.09.2011
1388
2.50
2.36
3.35
3.68
25.82
25.82
18.18
16.57
10.05
3.29
8.49
11.70
31.04
BBB
29.05.2008
Baa1
04.06.2010
A+
A-
Minority
Interest
(USD)
Total Revenue
Cash and Enterprise
Equivalents
Value
(USD)
(USD)
Est. Tot.
Rev. - Tr.
12M
EBITDA
Est. Tot.
Est. Tot.
Est. EBITDA - Est. EBITDA - Est. EBITDA Rev. - 2013 Rev. - 2014 EBITDA - LFY Tr. 12M
2013
2014
EPS - LFY
Price/Earnings ratio
Est. P/E
Ratio - Tr.
12M
Rev. Growth
EBITDA Growth
Est.
Est.
Est. Est.
Est. P/E
Est. P/E
Revenue
Revenue Est. EBITDA
EBITDA
Est. EBITDA
Ratio - 2013 Ratio - 2014 Growth - 1Y Growth - 5Y Growth - 1Y Growth - 5Y Margin -
USD
14664995
1960.721
1107
1107
204
218
218
101.88
110.18
110.18
15.64
15.64
14.46
14.46
18.83
Euro Stoxx 50 Pr
EUR
2665458
5644.23
4685
4685
751
783
783
212.38
307.58
307.58
21.91
18.23
15.13
15.13
20.12
NIKKEI 225
JPY
2754343
195.4507
193
193
18
22
22
5.03
6.89
6.89
0.29
0.28
0.21
0.21
0.11
GBP
2770298
12036.34
9308
9308
1468
1668
1668
548.60
826.37
826.37
28.19
23.76
18.71
18.71
23.07
CHF
1069323
11302.06
4148
4148
879
844
844
422.09
560.69
560.69
21.41
18.40
16.12
16.12
22.77
CAD
1638689
17043.62
7901
7901
1862
2073
2073
795.38
870.10
870.10
15.16
15.16
13.86
13.86
24.48
AUD
1457007
6845.162
2833
2833
630
701
701
250.06
336.12
336.12
22.19
17.81
16.51
16.51
23.22
HKD
1731677
3400.73
1701
1701
364
405
405
274.80
269.60
269.60
1.37
1.50
1.40
1.40
2.97
MSCI EM
USD
7701703
1416.96
7066542
7066542
196
195
195
85.16
95.99
95.99
12.07
13.13
10.70
10.70
19.56
USD
19645
80
40
2179
2295
KLA-TENCOR CORPORATION
USD
8810
904
167
6.68
3172
3015
USD
30600
931
593
10
39.32
18339
USD
18297
476
259
28
43.66
10311
USD
11350
826
545
19.24
10054
USD
12554
231
171
14.71
USD
8324
534
230
MATTEL INC
USD
15477
452
342
USD
8982
844
293
USD
7025
395
193
USD
9631
3517
1018
MICROSOFT CORP
USD
272330
15331
8381
12
USD
56229
1882
1778
19
USD
9353
361
166
MYLAN INC
USD
11102
1273
395
NETAPP INC
USD
12445
1219
NEWS CORP-CL A
USD
72124
1736
USD
7369
766
312
NVIDIA CORP
USD
8359
1664
617
USD
11958
242
113
ORACLE CORP
USD
151872
7296
PACCAR INC
USD
17625
400
PAYCHEX INC
USD
13148
527
PERRIGO CO
USD
11233
PRICELINE.COM INC
USD
QUALCOMM INC
18.29
2583
S&P LT
Credit
Rating -
S&P LT Credit
Rating Date
Moody's LT
Credit
Moody's LT Credit
Rating
Rating Date
2968
936
997
256
256
15.98
17.02
17.85
20.75
28.74
28.74
27.41
23.58
23.99
28.74
26.25
29.59
43.42
2827
3164
1108
951
205
205
4.64
3.97
3.24
4.10
13.39
13.39
16.40
12.96
-0.10
13.56
-11.07
9.66
31.53
BBB
28.04.2008
Baa1
29.04.2008
18770
19237
3239
814
814
3.50
2.78
3.12
18.53
16.56
-1.69
1.54
BBB
19.07.2012
Baa2
16.07.2012
10311
13792
15803
4757
4757
1306
1306
-1.71
-1.79
2.14
3.31
34.30
22.13
8.41
2.82
9.34
7.11
46.14
06.02.2013
10054
10393
10920
1809
1809
438
438
-0.76
1.80
1.15
1.38
11.65
11.65
18.20
15.21
4.55
5.26
1.97
1.87
17.99
BB
29.09.2011
3799
3799
3923
4062
1167
1167
316
316
2.72
2.70
4.36
4.75
27.29
27.29
16.89
15.51
0.60
27.22
0.54
29.53
30.72
BBB *-
15.04.2013
Baa3
06.03.2012
7.69
1267
1285
1280
1398
638
636
157
157
1.71
1.72
1.82
2.01
20.76
20.76
19.62
17.79
-14.65
5.00
-21.96
2.10
49.59
15.87
6421
6488
6850
7145
1195
1238
200
200
2.47
2.55
2.83
3.10
17.57
17.57
15.86
14.44
2.47
2.08
-0.59
5.79
19.08
BBB+
04.04.2011
Baa1
29.04.2011
8.22
2404
2438
2464
2665
783
832
225
225
1.27
1.68
1.81
2.07
18.28
18.28
16.96
14.82
-2.78
7.76
-10.98
11.36
34.14
BBB+
09.05.2012
Baa1
10.06.2010
6.37
1383
1490
1602
1849
497
405
121
121
1.66
1.53
1.84
2.14
23.50
23.50
19.55
16.80
-6.99
13.84
-14.74
1.38
27.20
11.24
8234
8047
8615
10419
1523
1409
610
610
-1.06
-1.06
-0.39
0.79
11.84
-6.30
15.62
-46.75
0.62
17.51
BB-
30.06.2011
Ba3
20.08.2012
63
212.04
73723
76012
78900
84768
30923
30645
8701
8701
2.73
2.68
2.77
3.08
12.17
12.17
11.76
10.58
5.40
7.53
3.33
9.15
40.32
AAA
22.09.2008
Aaa
11.05.2009
71.32
35015
48783
36454
38478
5028
7727
1366
1366
1.39
2.24
1.56
1.76
14.12
14.12
20.24
18.00
-2.22
0.57
1.00
-0.96
15.84
BBB
02.02.2010
Baa2
02.02.2010
9.03
2061
2061
2323
2612
571
571
137
137
1.86
1.86
2.24
2.66
30.41
30.41
25.27
21.21
20.99
14.14
20.63
19.62
27.72
16.50
6796
6817
7186
7728
1719
1831
461
461
1.89
1.93
2.86
3.19
15.03
15.03
10.14
9.09
10.87
8.37
9.83
31.53
26.87
BBB-
20.11.2012
Baa3
20.11.2012
365
7.96
6233
6318
6372
6924
1049
967
369
369
1.61
1.32
2.28
2.53
26.18
26.18
15.16
13.63
21.68
14.59
5.21
22.10
15.30
BBB+
04.12.2012
Baa1
05.12.2012
2383
15
10
82.28
33706
34333
35722
38031
6646
6754
1688
1688
1.41
1.57
1.68
1.95
19.74
19.74
18.46
15.92
0.90
2.06
8.36
4.21
19.67
BBB+
30.11.2012
8.70
1652
1814
2160
2444
380
380
223
223
0.95
0.80
1.81
2.03
28.96
28.96
12.90
11.49
25.23
17.32
41.82
33.78
21.66
BB-
11.02.2011
Ba3
06.08.2012
4.65
4280
4280
4226
4596
874
874
129
129
0.94
0.91
0.85
0.96
14.91
14.91
16.02
14.15
7.06
11.62
2.58
-2.04
20.43
NR
07.05.2009
12.85
6182
6238
6636
7058
1154
1158
319
319
4.75
4.97
5.78
6.56
21.67
21.67
18.62
16.42
6.80
22.47
12.10
24.62
18.57
BBB
18.01.2012
Baa3
11.01.2011
4905
16
31
138.66
37121
37149
37423
39512
16973
17286
5889
5889
2.00
2.16
2.69
2.93
14.93
14.93
11.99
11.00
4.21
11.70
9.33
18.51
46.53
A+
24.04.2012
A1
24.06.2011
353
15.40
17051
16199
16525
18021
2296
2175
464
464
3.12
2.88
3.14
3.56
17.32
17.32
15.89
13.99
4.25
7.51
6.65
1.08
13.43
A+
29.04.2010
A1
25.02.2009
363
12.58
2230
2292
2326
2463
952
987
235
235
1.51
1.57
1.60
1.71
23.01
23.01
22.57
21.10
6.98
2.28
8.75
4.19
43.06
122
93
12.15
3173
3263
3590
4041
713
774
235
235
4.51
5.00
5.65
6.68
24.02
24.02
21.27
17.98
15.18
15.43
20.05
33.72
23.73
35014
214
50
31.39
5261
5261
6511
7728
1895
1895
340
340
27.86
27.91
38.66
46.06
25.06
25.06
18.09
15.19
20.79
29.06
30.44
60.37
36.02
BBB
07.03.2012
USD
106452
5748
1706
27
75.93
19121
21639
24498
27257
6579
7549
2089
2089
2.79
3.66
4.54
4.89
16.83
16.83
13.58
12.61
27.84
19.92
8.08
15.03
34.89
NR
19.12.2001
USD
7502
178
92
7.30
1318
1318
1499
1938
699
699
4.65
4.70
4.67
7.35
17.33
17.33
17.44
11.07
16.92
45.49
20.16
53.34
53.06
REGENERON PHARMACEUTICALS
USD
21007
183
97
20.88
1378
1378
1886
2362
495
495
160
160
6.75
6.61
5.24
6.83
32.60
32.60
41.09
31.57
209.20
65.37
35.88
USD
14460
668
221
13.96
9721
9721
10278
10995
1457
1457
429
429
3.53
3.53
3.86
4.34
18.62
18.62
17.03
15.13
12.93
10.88
19.12
21.88
14.99
BBB+
08.06.2011
SANDISK CORP
USD
13101
812
241
8.63
5053
5188
5770
6331
1113
1215
380
380
1.70
1.91
4.03
4.66
28.36
28.36
13.45
11.63
-10.77
13.17
-38.39
15.61
23.42
BB
20.12.2011
USD
9912
534
127
15.15
954
1075
1226
1312
602
671
188
188
-1.28
-0.91
-0.72
-0.08
36.65
24.64
39.32
23.72
62.47
B+
10.04.2012
WR
01.08.2006
SEAGATE TECHNOLOGY
USD
12998
1121
396
13.96
14939
16332
14126
13695
3926
4319
698
698
6.51
7.57
5.18
5.41
4.78
4.78
USD
5311
170
106
8.24
39854
39854
36947
36889
-146
-146
-2.03
-2.61
-2.73
-2.20
SIGMA-ALDRICH
USD
9421
147
120
9.34
2623
2633
2700
2827
809
801
205
205
3.85
3.89
4.13
4.40
20.13
20.13
18.97
USD
20136
9506
5262
22.05
3402
3495
3808
4174
1136
1136
272
272
-0.14
0.08
0.10
0.13
38.04
38.04
STAPLES INC
USD
8637
1208
669
9.30
24381
24524
23884
23904
2015
2000
397
397
0.89
0.88
1.33
1.40
14.68
14.68
STARBUCKS CORP
USD
45393
912
749
43.49
13300
14023
14918
16675
2367
2568
745
745
1.79
1.94
2.17
2.62
31.23
STERICYCLE INC
USD
9347
108
86
10.62
1913
1967
2131
2311
545
578
160
160
3.30
3.42
3.68
4.15
SYMANTEC CORP
USD
16947
1529
724
15.77
6730
6839
6885
6998
1795
1834
497
497
1.20
1.22
1.71
USD
39896
1611
1108
41.72
12825
12589
12220
12885
3986
3908
909
909
1.91
1.80
USD
11064
224
168
12.43
1534
1534
1724
1882
696
696
181
181
1.92
1.92
USD
17091
603
217
16.43
1527
1527
1170
1063
42
42
-15
-15
0.67
VIACOM INC-CLASS B
USD
31544
1011
507
39.43
13887
13249
13771
14405
4137
3913
899
899
4.21
USD
13290
744
269
14.37
4101
4137
4249
4388
1654
1676
436
436
USD
149542
1792
35
46417
44677
44827
45063
18214
13907
USD
13025
1245
246
10.98
12478
16377
15226
14866
2890
3775
USD
16333
579
185
15.43
11699
12164
13058
14926
1112
1171
USD
13704
335
101
18.15
5154
5219
5428
5655
1442
XILINX INC
USD
9858
598
262
9.07
2169
2169
2292
2544
YAHOO! INC
USD
26905
2973
1115
21.56
4987
4906
4531
4658
6.69
*+
36.17
4.37
148.80
21.32
26.45
BB+
07.03.2011
-4.12
-4.12
-131.75
-0.37
CCC+
05.01.2012
17.78
4.71
3.71
6.31
7.73
30.42
A+
28.09.2011
A2
25.10.2010
31.01
23.80
12.85
32.39
20.65
33.38
BB
26.10.2011
B1
08.08.2012
9.73
9.22
-1.15
4.45
-4.75
0.80
8.15
BBB
02.07.2008
Baa2
08.07.2008
31.23
27.87
23.12
13.67
7.38
14.11
10.50
18.31
A-
24.02.2012
Baa2
29.04.2013
31.70
31.70
29.43
26.14
14.15
15.15
11.17
16.22
29.40
NR
18.07.2007
1.93
20.18
20.18
14.36
12.75
8.72
3.43
8.92
5.06
26.82
BBB
13.09.2010
Baa2
13.09.2010
1.81
2.22
19.98
19.98
19.88
16.18
-6.63
1.54
-10.10
-2.68
31.04
A+
23.09.2010
A1
25.05.2011
2.34
2.64
31.48
31.48
25.87
22.93
15.20
18.20
15.57
45.35
BBB-
29.03.2011
Ba1
29.03.2011
0.30
-0.50
-0.84
259.49
259.49
8.25
156.00
-83.50
2.77
4.20
4.70
5.41
15.15
15.15
13.55
11.77
-6.89
2.72
0.29
29.53
BBB+
29.07.2010
Baa1
05.08.2010
0.89
0.87
1.59
1.94
36.57
36.57
19.95
16.32
2.72
1.97
3.98
5.67
40.50
06.02.2013
1.62
1.68
12.21
11.76
1.16
5.40
24.18
7.88
31.13
A-
30.05.2006
A3
03.08.2011
774
774
7.84
8.44
8.31
7.90
6.42
6.42
6.52
6.85
30.99
17.07
108.97
35.83
23.05
NR
29.04.1999
299
299
2.71
2.85
2.87
3.40
30.92
30.92
30.68
25.94
15.74
9.56
25.78
18.10
9.62
BBB-
07.08.2012
1511
429
429
5.22
6.04
6.64
7.00
22.48
22.48
20.45
19.40
-2.19
13.14
-6.15
15.28
28.95
BB+
10.06.2011
654
654
177
177
1.79
1.78
2.01
2.27
21.17
21.17
18.75
16.58
-3.22
3.67
-8.99
5.69
30.17
BBB+u
04.04.2012
1457
1469
368
368
1.27
0.97
1.34
1.48
25.10
25.10
18.20
16.52
0.05
-8.40
-1.08
1.47
29.95
NR
18.04.2008
6.99
B+
BB
*-
Target
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
%D to Spot
2.23
2.23
2.05
1.87
2.23
1.44
1.44
1.38
1.33
1.44
10.03
10.03
9.39
9.69
10.03
9.01
9.01
8.34
7.81
9.01
14.46
14.46
13.01
11.80
14.46
2.18
2.18
2.34
2.52
2.18
1719.1
7.9%
Euro Stoxx 50 Pr
1.18
1.18
1.12
1.05
1.18
0.76
0.76
0.74
0.72
0.76
5.89
5.89
5.46
4.90
5.89
7.21
7.21
6.82
6.47
7.21
11.57
11.57
10.33
9.43
11.57
4.21
4.21
4.52
4.84
4.21
2915.9
7.1%
NIKKEI 225
1.57
1.57
1.47
1.41
1.57
0.74
0.74
0.72
0.71
0.74
9.11
9.11
8.48
8.25
9.11
8.93
8.93
8.32
7.94
8.93
20.64
20.64
16.38
14.55
20.64
1.51
1.51
1.72
1.87
1.51
13153.7
-5.1%
1.71
1.71
1.59
1.38
1.71
1.07
1.07
1.04
1.01
1.07
8.45
8.45
7.68
6.11
8.45
7.22
7.22
6.78
6.38
7.22
12.08
12.08
10.98
10.07
12.08
3.86
3.86
4.14
4.52
3.86
6931.4
7.5%
2.41
2.41
2.26
2.06
2.41
2.04
2.04
1.94
1.85
2.04
12.46
12.46
11.35
10.03
12.46
13.40
13.40
12.40
11.60
13.40
15.09
15.09
13.54
12.32
15.09
3.24
3.24
3.59
4.10
3.24
8289.2
4.7%
1.65
1.65
1.53
1.43
1.65
1.54
1.54
1.46
1.37
1.54
8.22
8.22
7.42
6.84
8.22
8.22
8.22
7.30
6.86
8.22
14.00
14.00
12.39
11.38
14.00
3.23
3.23
3.39
3.59
3.23
14254.0
15.8%
1.97
1.97
1.87
1.77
1.97
1.89
1.89
1.78
1.69
1.89
11.76
11.76
10.47
9.56
11.76
9.77
9.77
8.63
7.97
9.77
15.97
15.97
14.26
13.07
15.97
4.24
4.24
4.53
4.88
4.24
5163.8
-0.5%
1.35
1.35
1.24
1.14
1.35
1.72
1.72
1.59
1.47
1.72
8.08
8.08
7.58
7.25
8.08
8.39
8.39
7.65
7.05
8.39
10.87
10.87
9.98
9.03
10.87
3.56
3.56
3.85
4.24
3.56
24857.0
9.3%
MSCI EM
1.44
1.44
1.31
1.21
1.44
0.00
0.00
0.00
0.00
0.00
6.95
6.95
6.42
6.05
6.95
7.28
7.28
6.64
6.27
7.28
10.70
10.70
9.62
8.97
10.70
3.11
3.11
3.56
3.46
3.11
1190.5
15.9%
1.48
1.41
1.31
1.22
3.44
3.89
3.56
3.39
3.40
12.47
15.42
13.35
11.51
7.07
8.56
7.29
6.60
6.83
13.32
17.59
14.41
12.61
12.14
1.17
1.27
1.34
0.00
16.08
7.7%
3.38
3.19
2.93
2.62
5.20
5.49
5.01
4.32
3.67
15.42
19.97
17.09
14.17
11.53
17.03
14.25
11.68
8.32
19.50
31.10
25.09
18.93
13.99
0.00
0.00
0.00
0.00
45.50
1.0%
3.39
3.00
2.67
2.41
5.57
4.99
4.38
3.86
3.36
16.85
15.80
13.42
12.67
10.73
9.96
8.67
7.61
6.27
24.32
22.13
19.68
17.65
14.76
0.00
0.00
0.00
0.00
45.37
5.4%
12.12
9.07
6.77
5.35
17.06
12.69
10.16
8.34
6.97
52.12
35.15
27.44
22.63
39.53
27.65
20.68
15.76
48.10
33.47
30.17
24.10
19.17
0.00
0.00
0.00
0.00
116.17
17.7%
5.65
5.77
5.03
4.50
16.06
17.38
13.59
15.23
11.80
13.38
10.72
9.48
1.83
1.52
1.25
1.04
0.84
38.56
29.12
20.32
12.82
7.63
33.92
23.53
17.50
12.89
4.30
12.95
12.55
11.04
14.72
28.15
11.12
11.23
9.92
16.40
16.57
13.76
11.82
10.70
10.89
ALTERA CORP
3.06
2.77
2.53
2.53
AMAZON.COM INC
14.86
12.28
10.00
7.63
AMGEN INC
4.17
3.50
3.07
2.68
4.65
4.46
4.35
4.32
3.20
2.86
2.54
2.34
4.94
4.97
4.48
4.09
APPLE INC
3.45
2.89
2.53
2.09
2.58
2.35
2.14
1.93
2.26
2.41
2.26
1.84
2.00
2.21
1.85
1.82
AUTODESK INC
4.20
3.76
3.27
2.69
3.73
3.49
3.23
2.90
5.36
4.88
4.43
4.15
3.05
2.88
2.68
3.34
2.85
2.41
1.98
3.39
3.35
7.06
4.92
3.58
2.65
1.97
8.37
6.14
3.68
3.34
2.92
2.48
2.35
1.42
7.07
6.37
5.33
4.39
5.28
10.57
8.69
BROADCOM CORP-CL A
2.64
2.29
1.98
CA INC
2.44
2.24
CATAMARAN CORP
2.22
2.43
CELGENE CORP
8.28
CERNER CORP
5.99
5.70
2.08
21.66
17.94
15.15
1.14
1.27
1.36
1.39
35.36
11.8%
79.71
47.10
27.03
16.62
0.00
0.00
0.00
0.00
314.25
25.8%
9.76
16.42
14.66
12.89
12.32
11.98
1.34
1.76
2.15
2.36
8.92
8.13
20.43
20.20
16.22
14.07
2.64
3.02
3.20
3.18
2.25
4.3%
48.15
10.3%
7.90
7.45
6.87
4.44
4.84
4.39
4.02
9.71
10.75
9.76
8.81
0.62
2.63
2.85
3.05
533.58
24.1%
22.50
11.87
10.07
10.67
13.28
8.77
8.66
19.94
23.72
13.42
14.05
2.33
2.42
2.43
2.29
14.20
-1.4%
2.58
14.93
13.35
12.37
11.04
10.66
9.60
8.59
7.85
20.02
18.06
15.56
13.56
0.00
0.00
0.00
0.00
41.92
9.7%
2.48
2.34
18.82
17.53
16.57
15.49
13.86
13.26
12.15
11.17
24.53
23.13
21.07
19.13
2.31
2.49
2.62
2.80
64.68
-3.7%
3.02
2.63
2.44
11.04
10.85
8.95
7.53
41.50
27.6%
4.75
3.77
3.03
14.49
13.11
10.93
8.42
116.18
35.9%
1.33
1.26
1.20
1.12
12.78
11.37
10.23
9.68
8.16
6.96
6.23
5.58
29.98
23.72
18.99
6.80
2.99
2.91
2.79
2.67
9.63
9.03
7.87
7.53
7.50
1.75
2.53
2.34
2.14
1.99
11.93
12.74
11.08
11.15
11.44
2.11
1.98
2.53
2.62
2.60
2.58
8.70
8.56
7.87
7.76
6.28
6.28
6.13
6.00
2.27
2.07
1.17
0.80
0.71
0.64
0.64
24.58
27.64
26.50
18.00
35.01
18.49
14.98
13.02
12.34
6.14
4.69
3.52
8.98
8.07
7.05
5.90
4.98
24.86
18.40
15.27
11.39
17.69
15.94
13.76
11.27
10.89
5.14
4.46
3.84
6.14
5.46
4.83
4.30
3.77
25.74
23.01
20.36
18.12
18.90
15.98
13.81
12.10
7.49
5.96
5.50
4.73
0.83
0.72
0.66
0.60
18.54
17.55
15.35
13.73
12.35
11.26
10.14
2.81
2.51
2.26
1.99
6.97
6.71
6.30
6.00
12.56
11.56
11.05
10.80
7.31
7.13
2.13
1.93
1.78
1.71
2.43
2.30
2.18
2.04
10.06
9.33
9.04
8.41
5.63
5.38
3.76
3.36
3.04
2.56
4.54
3.91
3.47
3.12
2.75
15.10
12.99
11.55
11.36
13.51
3.97
3.15
2.55
2.16
2.59
2.20
1.90
1.65
1.40
18.75
16.05
13.20
11.98
COMCAST CORP-CLASS A
2.20
2.17
2.06
1.89
1.94
1.73
1.69
1.59
1.53
1.46
7.93
7.36
6.71
3.60
4.29
3.86
3.29
3.24
0.48
0.45
0.41
0.39
0.36
14.05
14.97
DELL INC
2.20
1.89
1.66
1.56
0.41
0.42
0.42
0.44
0.45
7.10
2.78
2.44
2.14
1.93
2.08
1.98
1.89
1.82
1.10
1.02
0.96
0.90
17.69
8.56
8.90
7.69
6.38
11.91
12.50
10.99
9.29
1.67
2.20
2.55
2.61
13.01
11.63
9.24
7.35
5.84
17.53
16.76
13.82
11.13
8.42
0.00
0.00
0.00
0.00
9.01
7.83
7.42
6.98
6.61
6.13
14.99
13.65
12.18
10.95
9.65
0.00
0.00
0.00
0.00
73.48
7.4%
15.46
22.58
19.68
15.31
12.75
11.74
34.00
28.12
22.61
19.05
16.64
0.00
0.00
0.00
0.00
218.27
-2.4%
7.96
7.53
7.29
13.71
13.08
11.78
11.13
0.00
0.00
0.00
0.00
47.40
4.3%
11.40
10.18
9.71
12.20
12.24
11.49
10.42
1.12
1.24
1.30
1.40
40.26
13.7%
11.88
11.04
10.54
10.03
1.50
3.77
3.77
3.76
24.75
-7.1%
50.36
30.29
24.04
20.02
17.31
0.00
0.00
0.00
0.00
62.83
11.0%
24.17
20.64
17.17
13.42
10.64
0.00
0.00
0.00
0.00
132.63
11.9%
40.18
33.66
28.86
24.58
20.56
0.00
0.00
0.00
0.00
96.77
2.1%
9.33
20.94
19.24
16.98
15.17
2.26
2.41
2.62
2.96
68.83
17.0%
6.70
6.46
14.38
13.40
12.26
11.27
0.00
0.00
0.00
0.00
53.89
18.2%
5.21
5.01
11.43
10.52
9.95
9.23
1.24
2.76
2.97
3.32
23.97
14.3%
11.70
10.31
8.83
22.07
20.11
17.62
15.68
0.00
0.00
0.00
0.00
77.82
25.2%
10.62
9.14
7.84
6.74
5.68
17.06
14.59
12.73
11.22
0.00
0.00
0.00
0.00
84.00
33.5%
6.19
7.77
7.32
6.88
6.52
6.21
21.06
17.38
15.11
13.08
11.35
1.53
1.87
2.13
2.38
2.44
46.53
12.1%
13.65
13.20
12.75
11.44
10.41
9.54
8.85
28.06
23.86
21.60
19.77
17.82
0.92
6.66
1.17
1.32
1.21
108.91
0.3%
6.43
6.78
7.58
3.93
4.81
4.56
4.92
4.56
7.83
8.75
8.14
7.02
1.20
2.43
2.47
3.07
14.48
8.5%
15.00
13.18
12.25
10.82
12.84
12.06
11.32
10.56
19.10
17.51
15.82
14.31
0.50
0.57
0.61
0.67
44.40
5.2%
0.85
7.00
5.56
4.70
3.93
6.60
6.23
5.74
5.42
5.09
13.62
11.81
9.83
8.54
6.63
0.00
0.00
0.00
0.00
59.41
4.0%
14.18
12.59
15.53
13.29
11.77
10.69
9.61
29.59
23.37
18.53
15.63
12.89
0.00
0.00
0.00
75.22
-4.6%
5.50
7.09
DISCOVERY COMMUNICATIONS-A
4.87
4.72
4.56
4.15
3.76
6.29
5.11
4.62
4.27
3.90
25.51
20.65
16.77
6.97
5.52
5.00
4.14
3.16
1.47
1.37
1.26
1.15
1.06
16.37
13.91
12.70
9.81
9.10
8.12
7.39
6.87
19.09
17.21
14.92
12.97
11.87
0.00
0.00
0.00
EBAY INC
3.43
2.96
2.52
2.19
1.84
4.88
4.20
3.61
3.06
2.70
17.64
14.45
12.67
10.58
9.39
13.81
11.89
10.25
8.53
7.39
22.46
19.27
16.36
13.97
12.20
0.00
0.00
0.00
0.00
EQUINIX INC
4.36
4.31
3.87
3.42
2.91
5.42
4.67
4.04
3.59
3.24
18.36
20.16
14.98
12.97
10.50
15.83
13.92
12.00
10.42
9.22
79.49
73.43
46.62
27.38
22.29
0.00
0.00
1.22
2.91
EXPEDIA INC
4.21
2.96
2.57
2.73
1.90
1.57
1.39
1.27
1.18
9.32
9.04
7.99
8.10
9.20
8.08
6.95
6.14
5.05
17.99
16.82
14.11
12.08
10.52
0.76
0.86
0.88
0.87
3.62
3.46
3.18
2.83
1.24
1.16
1.06
0.99
19.43
17.57
15.42
14.04
10.37
9.65
8.59
7.96
22.19
20.03
17.60
15.88
1.57
1.71
1.92
1.96
1.97
1.88
1.75
0.51
0.47
0.47
0.45
0.46
11.79
9.98
8.81
6.65
11.17
9.05
8.29
7.82
15.70
13.70
11.92
10.44
8.47
0.00
0.00
F5 NETWORKS INC
4.48
3.73
2.98
2.65
4.31
4.08
3.66
3.34
4.10
15.63
16.55
14.86
16.57
9.59
9.71
8.42
7.52
17.11
17.02
15.02
13.80
17.58
0.00
FACEBOOK INC-A
4.38
4.92
4.30
3.64
3.30
12.96
9.77
7.70
6.12
4.89
35.74
26.93
21.52
17.44
12.97
20.65
16.75
12.74
10.09
52.49
47.67
34.81
25.36
17.61
FASTENAL CO
8.64
8.03
6.67
5.98
4.54
4.72
4.30
3.81
3.39
3.24
34.19
29.89
25.40
21.85
20.29
20.17
17.53
14.96
12.90
35.25
30.87
26.44
22.62
19.89
FISERV INC
3.65
3.15
2.74
2.69
2.45
2.35
2.25
2.19
17.76
15.42
13.71
12.19
10.41
9.34
8.82
8.50
7.96
17.66
15.20
13.64
12.47
FOSSIL INC
5.16
4.20
3.36
2.87
1.99
1.79
1.64
1.48
1.33
16.93
14.55
12.39
11.30
10.16
9.17
8.37
7.43
6.59
17.64
15.73
13.84
12.14
2.49
2.71
2.76
2.97
10.52
11.87
11.08
5.71
6.76
6.70
6.52
11.96
14.65
14.40
14.87
7.62
6.15
4.88
3.68
8.14
7.26
5.98
4.80
4.01
24.18
23.15
14.13
8.60
17.94
17.37
12.36
8.84
25.57
24.76
17.21
11.89
9.16
GOOGLE INC-CL A
3.80
3.20
2.70
2.22
6.51
5.70
4.91
4.30
3.84
16.95
14.88
12.55
10.67
12.23
10.51
8.90
7.64
20.62
17.74
15.38
12.98
11.29
3.10
2.78
2.42
2.14
0.88
0.83
0.78
0.74
16.79
13.53
12.60
11.70
11.66
10.83
10.11
9.69
20.56
18.47
16.71
14.94
INTEL CORP
2.42
2.16
1.96
1.89
2.20
2.19
2.10
2.04
2.12
6.73
6.82
6.20
6.11
5.02
5.23
4.85
4.86
5.29
10.70
12.49
11.70
12.17
INTUIT INC
6.81
5.03
4.24
3.96
4.29
4.00
3.67
3.33
2.98
16.49
14.76
13.53
12.47
11.27
10.60
9.55
8.49
8.38
20.52
18.18
16.57
14.76
2.36
GARMIN LTD
1.93
2.46
111.27
9.06
10.96
9.85
2.22
7.84
DIRECTV
1.76
18.36
130.01
8.64
9.59
7.00
7.58
6.68
10.16
12.18
0.00
50.25
5.1%
63.81
20.8%
253.93
20.4%
72.10
28.6%
2.08
44.00
23.4%
0.00
0.00
64.08
9.7%
0.00
0.00
0.00
88.86
17.0%
0.00
0.00
0.00
0.00
33.60
24.5%
1.68
1.19
1.46
1.74
48.00
-3.8%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.97
5.07
5.22
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.66
3.83
3.90
0.61
1.11
1.12
3.50
1.80
89.92
-1.0%
115.58
21.3%
5.11
40.60
15.2%
0.00
60.91
19.2%
0.00
895.29
9.3%
91.82
2.1%
4.07
23.28
-2.0%
1.12
64.92
6.5%
Target
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
2014
2015
2016
2017
2013
%D to Spot
2.23
2.23
2.05
1.87
2.23
1.44
1.44
1.38
1.33
1.44
10.03
10.03
9.39
9.69
10.03
9.01
9.01
8.34
7.81
9.01
14.46
14.46
13.01
11.80
14.46
2.18
2.18
2.34
2.52
2.18
1719.1
7.9%
Euro Stoxx 50 Pr
1.18
1.18
1.12
1.05
1.18
0.76
0.76
0.74
0.72
0.76
5.89
5.89
5.46
4.90
5.89
7.21
7.21
6.82
6.47
7.21
11.57
11.57
10.33
9.43
11.57
4.21
4.21
4.52
4.84
4.21
2915.9
7.1%
NIKKEI 225
1.57
1.57
1.47
1.41
1.57
0.74
0.74
0.72
0.71
0.74
9.11
9.11
8.48
8.25
9.11
8.93
8.93
8.32
7.94
8.93
20.64
20.64
16.38
14.55
20.64
1.51
1.51
1.72
1.87
1.51
13153.7
-5.1%
1.71
1.71
1.59
1.38
1.71
1.07
1.07
1.04
1.01
1.07
8.45
8.45
7.68
6.11
8.45
7.22
7.22
6.78
6.38
7.22
12.08
12.08
10.98
10.07
12.08
3.86
3.86
4.14
4.52
3.86
6931.4
7.5%
2.41
2.41
2.26
2.06
2.41
2.04
2.04
1.94
1.85
2.04
12.46
12.46
11.35
10.03
12.46
13.40
13.40
12.40
11.60
13.40
15.09
15.09
13.54
12.32
15.09
3.24
3.24
3.59
4.10
3.24
8289.2
4.7%
1.65
1.65
1.53
1.43
1.65
1.54
1.54
1.46
1.37
1.54
8.22
8.22
7.42
6.84
8.22
8.22
8.22
7.30
6.86
8.22
14.00
14.00
12.39
11.38
14.00
3.23
3.23
3.39
3.59
3.23
14254.0
15.8%
1.97
1.97
1.87
1.77
1.97
1.89
1.89
1.78
1.69
1.89
11.76
11.76
10.47
9.56
11.76
9.77
9.77
8.63
7.97
9.77
15.97
15.97
14.26
13.07
15.97
4.24
4.24
4.53
4.88
4.24
5163.8
-0.5%
1.35
1.35
1.24
1.14
1.35
1.72
1.72
1.59
1.47
1.72
8.08
8.08
7.58
7.25
8.08
8.39
8.39
7.65
7.05
8.39
10.87
10.87
9.98
9.03
10.87
3.56
3.56
3.85
4.24
3.56
24857.0
9.3%
MSCI EM
1.44
1.44
1.31
1.21
1.44
0.00
0.00
0.00
0.00
0.00
6.95
6.95
6.42
6.05
6.95
7.28
7.28
6.64
6.27
7.28
10.70
10.70
9.62
8.97
10.70
3.11
3.11
3.56
3.46
3.11
1190.5
15.9%
5.39
4.52
3.81
3.20
9.11
7.61
6.62
5.85
5.16
25.11
20.85
17.92
20.12
17.16
14.88
12.87
10.96
32.00
27.41
23.58
20.43
17.92
606.46
24.0%
KLA-TENCOR CORPORATION
2.67
2.55
2.28
2.04
2.79
3.12
2.78
2.68
10.44
11.40
11.94
9.88
5.89
8.24
6.69
5.88
11.85
16.40
12.96
11.44
2.62
2.99
3.06
2.96
58.93
11.0%
5.57
8.20
7.24
6.81
1.66
1.63
1.59
1.55
1.51
12.37
19.59
13.95
12.78
12.23
11.12
10.36
9.82
9.70
17.91
18.53
16.56
15.19
14.50
3.22
3.92
4.08
4.29
51.51
-0.1%
11.42
4.81
4.96
5.39
1.79
1.33
1.16
1.14
1.05
6.35
6.17
4.67
4.59
9.06
7.41
6.43
6.49
6.97
29.43
34.30
22.13
16.07
12.17
0.00
0.00
0.00
0.00
82.33
12.3%
1.66
1.63
1.58
1.26
1.13
1.09
1.04
0.99
0.94
8.46
14.18
18.24
10.40
9.75
9.26
8.71
8.25
21.90
18.20
15.21
12.75
11.43
0.00
0.00
0.00
0.00
24.20
15.3%
2.31
2.35
2.15
1.95
3.31
3.20
3.09
3.00
2.92
15.92
13.54
12.44
10.93
10.77
10.49
10.13
9.67
10.23
18.53
16.89
15.51
14.13
13.25
0.00
0.00
0.00
0.00
71.77
-2.6%
11.50
8.40
6.99
5.53
6.54
6.50
5.95
5.32
17.48
16.68
14.86
13.19
11.88
12.30
10.86
9.58
18.79
19.62
17.79
15.00
2.74
2.85
2.96
3.05
36.78
2.8%
MATTEL INC
5.18
4.63
4.24
2.40
2.26
2.17
2.09
14.42
16.14
12.10
10.77
11.61
10.55
9.87
9.56
17.77
15.86
14.44
13.52
2.76
3.21
3.51
3.49
46.70
4.2%
3.59
3.43
3.17
2.93
3.72
3.65
3.37
3.05
13.69
11.88
10.79
9.36
10.48
9.45
8.39
7.48
20.10
16.96
14.82
13.01
2.87
3.13
3.25
3.31
35.53
15.7%
3.57
3.74
3.61
3.83
5.07
4.39
3.80
3.49
15.91
13.83
12.44
10.67
12.80
13.17
11.00
8.78
19.13
19.55
16.80
14.55
3.87
3.92
3.98
4.06
38.93
8.3%
1.25
1.29
1.18
1.02
1.15
1.12
0.92
0.86
5.63
5.90
3.33
2.84
6.84
5.28
3.51
3.00
11.84
8.69
0.00
0.00
0.00
0.00
11.80
26.2%
MICROSOFT CORP
3.91
3.42
2.80
2.44
3.69
3.45
3.21
3.03
3.07
9.73
8.99
8.03
7.52
6.90
6.58
5.99
5.61
5.78
12.15
11.76
10.58
9.76
2.37
2.77
2.97
3.21
32.50
-0.3%
1.69
1.67
1.56
1.52
1.60
1.54
1.46
1.37
1.31
120.23
16.30
13.21
11.29
12.72
12.08
11.24
10.35
9.66
22.10
20.24
18.00
15.92
13.90
1.63
1.68
1.87
2.19
30.96
-2.1%
11.39
10.59
9.87
8.83
4.51
4.03
3.58
3.20
2.99
32.56
25.22
21.20
17.80
15.48
13.81
11.96
10.26
8.49
29.96
25.27
21.21
17.75
13.29
0.00
0.00
0.00
0.00
MYLAN INC
2.77
3.33
2.59
2.00
1.63
1.54
1.44
1.38
1.35
5.74
7.93
6.42
5.57
8.20
8.19
7.82
6.90
7.22
11.24
10.14
9.09
8.43
8.13
0.00
0.00
0.00
NETAPP INC
3.06
2.66
2.36
2.02
2.00
1.95
1.80
1.68
1.67
6.14
9.45
9.20
8.16
14.51
15.16
13.63
12.39
0.00
0.00
0.00
NEWS CORP-CL A
2.78
2.67
2.47
2.38
2.12
2.02
1.90
1.81
1.73
17.35
11.87
12.76
11.04
22.07
18.46
15.92
13.41
0.55
0.58
0.59
2.78
2.52
2.33
2.21
4.22
3.41
3.02
2.83
13.79
13.31
11.65
8.66
13.69
12.90
11.49
10.74
NVIDIA CORP
1.75
1.69
1.56
1.57
1.96
1.98
1.82
1.67
12.47
9.98
9.08
8.75
12.60
16.02
14.15
11.58
5.33
5.59
5.18
4.12
1.94
1.80
1.69
1.60
1.50
13.35
13.51
11.26
10.14
22.96
18.62
16.42
14.46
ORACLE CORP
3.65
3.34
2.72
2.30
4.09
4.06
3.84
3.65
3.37
12.12
10.69
10.12
9.30
7.48
13.32
11.99
11.00
10.04
PACCAR INC
3.00
2.80
2.46
2.26
1.09
1.07
0.98
0.97
10.77
10.25
9.42
8.59
7.48
7.89
6.87
7.13
16.14
15.89
13.99
12.62
PAYCHEX INC
7.97
7.74
7.54
6.55
5.88
5.65
5.34
5.00
4.74
18.62
17.86
16.90
15.99
13.12
12.54
11.85
10.97
10.59
23.85
22.57
21.10
19.63
17.98
PERRIGO CO
5.85
4.81
3.91
3.17
3.52
3.13
2.78
2.63
2.49
22.13
20.24
15.75
13.05
15.55
13.47
11.71
10.91
10.46
24.27
21.27
17.98
16.65
PRICELINE.COM INC
8.97
6.21
4.62
3.34
6.66
5.38
4.53
3.95
3.58
21.00
17.52
14.67
12.67
16.09
12.70
10.48
9.04
7.88
22.57
18.09
15.19
13.08
QUALCOMM INC
3.21
2.75
2.41
2.18
5.63
4.35
3.91
3.67
15.46
13.16
11.81
11.62
10.32
8.25
7.38
6.84
16.94
13.58
12.61
11.97
2.88
2.50
2.15
1.85
5.48
5.00
3.87
3.79
3.64
12.82
11.50
8.22
7.44
10.04
10.16
6.62
6.19
6.41
17.25
17.44
11.07
11.86
13.26
REGENERON PHARMACEUTICALS
15.70
11.93
8.82
14.68
15.49
11.14
8.90
7.56
6.74
40.09
22.60
17.87
44.17
27.90
18.73
16.08
16.20
47.70
41.09
31.57
28.73
8.24
7.19
6.20
5.23
1.49
1.41
1.32
1.22
1.12
13.86
12.52
10.94
10.13
9.47
8.80
8.05
7.38
6.82
18.63
17.03
15.13
SANDISK CORP
1.80
1.69
1.52
1.30
2.60
2.27
2.07
1.87
1.72
22.73
9.23
9.21
9.78
8.59
4.98
4.47
4.43
4.15
26.19
13.45
11.63
16.85
31.11
69.53
10.45
8.07
7.54
7.06
6.63
28.92
20.24
17.30
15.80
25.78
19.86
18.12
16.52
15.33
SEAGATE TECHNOLOGY
4.38
3.85
3.90
2.90
0.87
0.92
0.95
0.95
4.75
4.30
4.32
4.50
3.45
4.50
4.72
5.51
5.35
6.99
6.69
1.09
1.73
1.94
2.18
0.13
0.14
0.14
0.15
17.02
12.83
11.51
10.76
SIGMA-ALDRICH
3.68
3.22
2.85
2.75
3.58
3.49
3.33
3.18
3.05
17.46
15.61
14.49
13.38
11.66
11.21
10.60
9.88
4.15
6.36
15.35
87.71
5.90
5.29
4.82
4.40
3.94
24.56
21.93
19.19
18.06
23.85
19.06
15.61
13.51
STAPLES INC
1.37
1.29
1.21
1.14
0.35
0.36
0.36
0.36
0.36
5.91
5.70
5.60
5.67
4.61
4.86
4.86
4.81
STARBUCKS CORP
8.53
7.89
7.13
5.89
3.41
3.04
2.72
2.43
2.14
24.02
18.47
16.76
14.37
17.02
14.38
12.18
10.31
STERICYCLE INC
6.12
5.01
4.29
3.62
4.92
4.39
4.05
3.64
24.69
22.42
19.57
18.74
16.37
14.83
SYMANTEC CORP
3.58
3.26
3.01
2.48
2.52
2.46
2.42
2.35
9.57
9.62
9.41
7.76
6.61
6.91
6.41
3.69
3.56
3.41
3.24
3.12
3.26
3.10
2.98
2.79
13.92
12.49
10.81
10.52
11.89
11.29
9.79
9.13
41.72
18.65
12.30
8.75
7.24
6.42
5.88
5.42
5.00
22.83
20.57
18.58
17.31
17.92
15.89
14.42
13.21
17.10
15.25
21.42
15.95
11.32
14.61
16.07
10.85
6.03
69.14
VIACOM INC-CLASS B
4.41
4.37
4.21
4.24
4.43
2.27
2.29
2.19
2.12
2.02
14.15
12.19
10.65
9.53
7.67
9.45
9.36
8.79
8.35
7.97
15.25
13.55
18.64
2.41
2.16
2.06
1.57
2.09
2.02
1.95
1.90
1.84
6.97
5.95
5.72
4.99
3.67
8.69
8.29
7.95
7.64
7.67
32.95
19.95
1.96
2.15
2.14
2.10
15.34
8.92
8.94
12.85
1.72
1.50
1.30
1.13
1.09
0.86
0.88
0.90
4.72
4.28
4.25
4.60
3.91
3.18
3.51
3.69
7.10
4.39
4.29
3.83
3.32
1.40
1.25
1.09
0.96
0.85
20.37
18.90
15.62
12.40
14.48
12.71
10.87
9.26
4.01
12.97
10.67
10.92
10.21
11.65
10.66
10.24
17.01
15.91
14.07
13.71
13.91
12.14
10.64
9.60
19.01
19.51
16.42
14.08
12.97
12.47
12.26
1.14
1.91
4.79
3.99
2.49
172.55
35.27
17.82
11.66
2.67
2.52
2.42
2.27
XILINX INC
3.55
3.12
2.71
2.77
4.55
4.30
3.88
3.58
YAHOO! INC
1.87
1.82
1.63
1.46
6.04
5.94
5.78
5.66
1.28
5.57
10.61
6.22
6.61
5.88
5.65
12.19
11.33
10.20
9.25
13.21
10.01
8.99
8.43
5.14
5.82
5.03
4.42
11.20
10.23
9.48
8.80
7.60
6.93
6.43
87.32
18.10
8.47
8.32
0.00
58.67
3.8%
32.64
12.5%
0.00
38.76
12.2%
0.63
34.01
9.8%
0.00
26.33
13.0%
5.5%
0.56
2.24
2.32
2.36
14.31
0.00
0.00
0.00
0.00
114.74
6.5%
0.74
0.92
0.81
0.91
37.65
16.8%
2.83
2.44
2.67
2.73
50.00
0.3%
3.50
3.77
3.93
3.77
33.79
-6.5%
14.83
0.22
0.25
0.27
0.40
124.31
3.5%
11.77
0.00
0.00
0.00
822.56
17.6%
1.45
1.70
1.91
2.32
75.09
21.9%
0.58
0.62
1.31
0.55
111.36
36.8%
23.97
0.00
0.00
0.00
0.00
206.00
-4.4%
13.52
11.86
0.85
1.00
1.11
1.32
11.15
10.03
0.00
0.00
82.05
61.22
0.00
0.00
0.00
2.33
3.97
4.29
0.00
0.00
0.00
13.00
6.08
1.91
66.32
0.9%
65.30
20.5%
0.00
84.40
8.4%
4.34
36.73
1.4%
21.24
-57.5%
20.36
18.97
17.78
16.28
15.50
1.02
1.10
1.17
1.27
77.40
-1.1%
11.97
49.52
31.01
23.80
19.43
9.30
1.07
0.00
0.00
0.00
3.56
16.0%
9.36
9.73
9.22
8.74
7.58
3.41
3.73
3.92
4.02
13.88
7.4%
9.70
34.09
27.87
23.12
18.84
16.63
1.14
1.42
1.80
2.03
67.59
11.6%
13.46
33.06
29.43
26.14
22.85
114.00
5.2%
6.05
15.34
14.36
12.75
11.17
0.00
0.00
1.03
1.43
26.39
7.3%
9.22
21.81
19.88
16.18
14.62
15.64
1.98
2.81
3.01
3.12
35.07
-2.5%
12.24
30.06
25.87
22.93
103.89
16.59
0.00
0.00
0.00
0.00
11.77
10.37
9.17
1.64
1.79
1.86
1.99
16.32
12.61
9.35
0.35
0.38
0.37
0.40
12.21
11.76
11.40
5.41
5.24
5.13
6.52
6.85
7.14
0.00
1.65
1.98
35.07
30.68
25.94
21.71
0.63
2.26
9.63
25.01
20.45
19.40
16.77
7.00
9.95
21.41
18.75
16.58
14.94
2.33
20.01
18.20
16.52
15.13
0.00
79.83
11.37
2.18
64.42
8.09
11.88
1.25
20.23
18.66
14.39
61.78
2.1%
90.71
15.8%
68.08
7.0%
47.09
-4.2%
5.14
29.65
-3.1%
2.21
57.96
7.1%
1.02
1.34
100.16
13.7%
2.94
2.97
2.98
147.04
8.3%
2.59
2.67
2.70
39.61
5.1%
0.00
0.00
0.00
25.40
4.0%
0.44
3.65
30.04.2013
Price/Volume
16
14.0 M
14
12.0 M
12
10.0 M
10
12/2012
12/yy
15.07
10.46
1'519'846.00
14.93
-0.93%
42.80%
96.97%
1'113.7
16'627.49
0.00
0.0
0.0
4'375.00
12'252.49
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
6.0 M
4.0 M
2.0 M
2
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
8.0 M
Valuation Analysis
31.12.2009
31.12.2010
4'279.0
4'447.0
2.49x
2.52x
1'034.0
1'312.0
10.30x
8.55x
113.0
418.0
22.43x
37.60x
Profitability
LTM-4Q
31.12.2011
4'755.0
2.20x
1'788.0
5.84x
1'085.0
13.39x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
4'856.0
1.53x
1'779.0
4.18x
1'149.0
10.44x
1'779.00
1'451.00
29.88%
30.02%
8.36%
10.47%
0.35%
65.8%
36.6%
29.9%
23.7%
2.37
1.92
0.00%
0.00%
7.16
9.27
12/yy
4'756
8.58x
1'789.0
5.83x
1'085.0
13.27x
LTM
12/yy
4'856
7.73x
1'779.0
4.18x
1'149.0
10.55x
FY+1
1.21
0.81
425.61
7.39
17.54%
42.44%
0.812
26
4.846
1'538'168
1'233'634
2'040'669
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
4'275
4'667
705
603
2.66x
2.20x
17.05x
20.43x
1'431.8
1'680.9
189.3
93.2
8.56x
7.29x
8.44x
8.60x
963.4
1'176.5
126.2
51.7
17.59x
14.41x
17.63x
18.03x
S&P Issuer Ratings
11.07.2008
NR
1779.00
1706.00
-2.46
0.00
0.0%
0.0%
0.35
31.95
51.10
39.46
78.81
12.30
Sales/Revenue/Turnover
16.00
6'000.0
14.00
5'000.0
12.00
4'000.0
10.00
8.00
3'000.0
6.00
2'000.0
4.00
1'000.0
2.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
VIVENDI UNIVERSAL SA
BLACKROCK
GOLDMAN SACHS GROUP
FMR LLC
DAVIS SELECTED ADVIS
INVESCO LTD
VANGUARD GROUP INC
JENNISON ASSOCIATES
RS INVESTMENT MANAGE
INVESTEC ASSET MANAG
STATE STREET
NEUBERGER BERMAN LLC
WELLINGTON MANAGEMEN
ALLIANZ ASSET MANAGE
PRIMECAP MANAGEMENT
DNB NOR ASSET MANAGE
SCOTT & STRINGFELLOW
BURGUNDY ASSET MANAG
LEVIN CAPITAL STRATE
DIMENSIONAL FUND ADV
Firm Name
Cowen and Company
Stifel
MKM Partners
BMO Capital Markets
Brean Murray Carret & Co
Longbow Research
Piper Jaffray
Sterne, Agee & Leach
Wedbush
Argus Research Corp
Robert W. Baird & Co
National Alliance Capital Markets
Atlantic Equities LLP
Credit Suisse
Hilliard Lyons
Janney Montgomery Scott LLC
Jefferies
William Blair & Co
Macquarie
S&P Capital IQ
Ascendiant Capital Markets
Pacific Crest Securities
EVA Dimensions
Wedge Partners
Hudson Square Research
Portfolio Name
n/a
n/a
GOLDMAN SACHS GROUP
n/a
DAVIS SELECTED ADVIS
n/a
VANGUARD GROUP INC
JENNISON ASSOCIATES
RS INVESTMENT MANAGE
INVESTEC ASSET MANAG
n/a
NEUBERGER BERMAN GRO
WELLINGTON MANAGEMEN
n/a
PRIMECAP MANAGEMENT
DNB NOR ASSET MANAGE
SCOTT & STRINGFELLOW
BURGUNDY ASSET MANAG
LEVIN CAPITAL STRATE
DIMENSIONAL FUND ADV
Analyst
DOUGLAS CREUTZ
DREW E CRUM
ERIC O HANDLER
EDWARD S WILLIAMS
TODD MITCHELL
JAMES L HARDIMAN
MICHAEL J OLSON
ARVIND BHATIA
MICHAEL PACHTER
JOSEPH F BONNER
COLIN SEBASTIAN
MICHAEL HICKEY
CHRISTOPHER HICKEY
STEPHEN JU
JEFFREY S THOMISON
SHAWN C MILNE
BRIAN J PITZ
RALPH SCHACKART
BENJAMIN A SCHACHTER
JIM YIN
EDWARD WOO
EVAN S WILSON
ANDREW S ZAMFOTIS
BRIAN BLAIR
DANIEL ERNST
Source
13D
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
Recommendation
outperform
buy
buy
outperform
buy
neutral
overweight
buy
outperform
buy
outperform
buy
overweight
outperform
buy
buy
buy
outperform
outperform
buy
buy
outperform
buy
no rating system
buy
Amt Held
683'643'890
55'463'866
31'765'437
23'174'317
19'976'589
19'404'727
13'749'330
11'250'425
10'994'976
10'895'776
9'787'516
9'221'191
7'549'964
6'454'601
6'044'400
5'618'546
5'605'412
5'424'077
5'332'947
5'074'509
% Out
61.39
4.98
2.85
2.08
1.79
1.74
1.23
1.01
0.99
0.98
0.88
0.83
0.68
0.58
0.54
0.5
0.5
0.49
0.48
0.46
Weighting
Change
5
5
5
5
5
3
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
#N/A N/A
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
M
M
M
Latest Chg
(35'000'000)
(1'740'335)
26'306'631
8'647'721
(1'188'820)
(1'294'285)
573'142
(1'395)
378'217
245'147
431'606
767'452
(28'824'951)
(2'115'251)
308'200
662'822
(18'574)
1'713'049
5'332'947
102'063
Target Price
#N/A N/A
17
17
17
15
#N/A N/A
17
17
21
18
15
16
14
16
15
14
16
#N/A N/A
15
15
16
15
#N/A N/A
#N/A N/A
16
File Dt
Inst Type
15.11.2011
Corporation
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
Date
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
Date
23.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
10.04.2013
25.03.2013
25.02.2013
21.02.2013
14.02.2013
11.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
07.02.2013
15.01.2013
26.11.2012
23.04.2009
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (29.04.2013)
52-Week Low (12.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 22.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ADBE UW EQUITY YTD Change
ADBE UW EQUITY YTD % CHANGE
11/2012
03/yy
45.59
29.52
955'662.00
45.06
-1.16%
52.64%
96.70%
501.9
22'617.24
1'509.78
0.0
0.0
3'538.35
20'501.48
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
30.11.2009
30.11.2010
2'945.9
3'800.0
5.97x
3.60x
1'014.2
1'309.1
17.34x
10.45x
386.5
774.7
44.23x
20.38x
Profitability
5.0 M
4.0 M
3.0 M
2.0 M
1.0 M
.0 M
m-12
LTM-4Q
30.11.2011
4'216.3
2.83x
1'467.3
8.13x
832.8
14.35x
30.11.2012
4'403.7
3.42x
1'477.0
10.21x
832.8
21.31x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
1'477.04
1'177.27
26.73%
25.41%
7.39%
11.15%
9.65%
0.45%
89.0%
29.7%
22.7%
18.9%
3.41
3.27
15.14%
22.66%
8.75
-
03/yy
4'233.8
12.62x
1'454.6
10.64x
783.5
18.63x
j-12
j-12
a-12
s-12
LTM
03/yy
4'366.3
13.72x
1'296.0
13.77x
712.7
28.25x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
0.99
468.65
8.13
34.27%
19.59%
0.991
28
3.679
874'300
1'168'976
1'052'397
FY+2
FQ+1
FQ+2
11/13 Y
11/14 Y
05/13 Q2 08/13 Q3
4'118.5
4'512.0
1'011.7
1'016.3
4.87x
4.45x
20.80x
20.66x
1'204.0
1'438.3
288.4
300.1
17.03x
14.25x
15.77x
14.69x
736.6
909.1
171.1
181.9
31.10x
25.09x
30.24x
28.77x
S&P Issuer Ratings
25.01.2010
BBB+
STABLE
21.89
17.87
-1.63
1.19
22.7%
18.5%
0.45
6.82
41.60
48.84
-
Sales/Revenue/Turnover
20.00
5'000.0
18.00
4'500.0
16.00
4'000.0
14.00
3'500.0
12.00
3'000.0
10.00
8.00
2'500.0
2'000.0
6.00
1'500.0
4.00
1'000.0
2.00
500.0
0.00
27.11.2009
6.0 M
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12
0.0
27.05.2010
27.11.2010
27.05.2011
27.11.2011
27.05.2012
27.11.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
PRIMECAP MANAGEMENT
CAPITAL GROUP COMPAN
VALUEACT HOLDINGS LP
VALUEACT HOLDINGS LP
BANK OF NEW YORK MEL
BLACKROCK
STATE STREET
DODGE & COX
VANGUARD GROUP INC
MACQUARIE GROUP
INVESCO LTD
JP MORGAN
FMR LLC
INSTITUTIONAL CAPITA
UBS
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
OPPENHEIMERFUNDS INC
TIAA CREF INVESTMENT
ALLIANZ ASSET MANAGE
Firm Name
B Riley & Company, Inc
Piper Jaffray
Edward Jones
Griffin Securities
Goldman Sachs
Pacific Crest Securities
Sanford C. Bernstein & Co
Evercore Partners
Lazard Capital Markets
Robert W. Baird & Co
Jefferies
Deutsche Bank
Morgan Stanley
RBC Capital Markets
Argus Research Corp
Credit Suisse
Janney Montgomery Scott LLC
FBR Capital Markets
Macquarie
Stifel
Cowen and Company
JMP Securities
Wedge Partners
Wells Fargo Securities, LLC
EVA Dimensions
Atlantic Equities LLP
Portfolio Name
PRIMECAP MANAGEMENT
n/a
VALUEACT HOLDINGS LP
n/a
BANK OF NEW YORK MEL
n/a
n/a
DODGE & COX
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
INSTITUTIONAL CAPITA
n/a
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
OPPENHEIMER FUNDS IN
TIAA-CREF INVESTMENT
n/a
Analyst
DANIEL CUMMINS
MICHAEL J OLSON
JOSH OLSON
JAY VLEESCHHOUWER
HEATHER BELLINI
BRENDAN BARNICLE
MARK L MOERDLER
STEWART KIRK MATERNE III
BRETT FODERO
STEVEN M ASHLEY
ROSS MACMILLAN
THOMAS ERNST JR
JENNIFER LOWE
ROBERT P BREZA
JOSEPH F BONNER
PHILIP WINSLOW
RICHARD FETYKO
DAVID M HILAL
BRAD A ZELNICK
BLAIR ABERNETHY
PETER GOLDMACHER
PATRICK WALRAVENS
KIRK ADAMS
JASON MAYNARD
ANDREW S ZAMFOTIS
CHRISTOPHER HICKEY
Source
13F
ULT-AGG
13F
Research
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
Recommendation
buy
neutral
hold
buy
neutral/neutral
sector perform
outperform
overweight
neutral
neutral
hold
buy
Equalwt/In-Line
outperform
hold
neutral
neutral
underperform
outperform
hold
outperform
market outperform
no rating system
market perform
hold
neutral
Amt Held
41'990'090
32'902'426
31'303'362
31'303'362
30'526'884
26'218'762
26'132'878
23'408'246
22'758'167
16'028'894
14'441'727
9'569'623
9'284'149
8'570'714
8'455'776
8'333'959
6'606'256
6'262'292
6'230'316
6'094'062
% Out
8.37
6.56
6.24
6.24
6.08
5.22
5.21
4.66
4.53
3.19
2.88
1.91
1.85
1.71
1.68
1.66
1.32
1.25
1.24
1.21
Weighting
Change
5
3
3
5
3
3
5
5
3
3
3
5
3
5
3
3
3
1
5
3
5
4
#N/A N/A
3
3
3
N
M
M
M
U
M
M
N
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
Latest Chg
(921'300)
1'342'883
1'557'783
1'974'436
176'958
2'214'496
689'676
609'606
2'526'910
(312'696)
1'778'118
8'570'714
(929'024)
432'333
(148'465)
13'690
307'156
343'947
Target Price
55
43
#N/A N/A
48
48
#N/A N/A
52
52
#N/A N/A
43
43
50
#N/A N/A
52
#N/A N/A
35
38
30
46
#N/A N/A
#N/A N/A
46
#N/A N/A
#N/A N/A
#N/A N/A
36
File Dt
Inst Type
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Unclassified
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
Date
12 month
12 month
Not Provided
36 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
Date
19.04.2013
18.04.2013
16.04.2013
15.04.2013
11.04.2013
10.04.2013
10.04.2013
10.04.2013
08.04.2013
03.04.2013
01.04.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
20.03.2013
19.03.2013
15.01.2013
14.12.2012
30.04.2013
Price/Volume
6.0 M
5.0 M
30
12/2012
03/yy
43.67
25.90
1'046'298.00
43.03
-1.47%
66.14%
96.40%
178.5
7'678.81
0.00
0.0
0.0
1'095.24
6'596.37
25
4.0 M
20
3.0 M
15
2.0 M
10
1.0 M
5
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
7.0 M
40
35
Valuation Analysis
31.12.2008
790.9
2.51x
313.7
6.32x
145.1
11.61x
45
31.12.2009
31.12.2010
859.8
1'023.6
4.04x
7.36x
347.3
398.0
10.01x
18.93x
145.9
171.2
19.34x
52.28x
Profitability
LTM-4Q
31.12.2011
1'158.5
3.88x
463.4
9.71x
200.9
30.45x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'373.9
4.50x
519.1
11.90x
204.0
35.57x
519.06
314.89
22.92%
23.41%
9.18%
10.13%
9.06%
0.56%
68.6%
38.4%
24.2%
14.8%
3.59
3.23
0.00%
0.00%
6.35
-
03/yy
1'202.0
14.17x
466.8
11.98x
193.5
34.95x
LTM
03/yy
1'422.5
11.62x
401.8
0.00x
232.2
27.38x
FY+1
0.00
1.40
172.54
18.51
31.99%
5.18%
1.400
27
4.111
1'923'041
1'006'324
1'173'613
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
1'540.4
1'752.7
372.6
383.0
4.40x
3.73x
17.56x
16.92x
662.6
761.2
159.5
163.7
9.96x
8.67x
9.60x
9.26x
353.1
396.7
81.5
83.3
22.13x
19.68x
22.11x
21.39x
S&P Issuer Ratings
12.11.2002
NR
-1.98
0.00
0.0%
0.0%
0.56
4.23
57.50
85.52
-
Sales/Revenue/Turnover
25.00
1'600.0
1'400.0
20.00
1'200.0
1'000.0
15.00
800.0
10.00
600.0
400.0
5.00
0.00
01.01.2010
200.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
T ROWE PRICE ASSOCIA
VANGUARD GROUP INC
STATE STREET
BLACKROCK
WELLINGTON MANAGEMEN
FMR LLC
MORGAN STANLEY
BANK OF NEW YORK MEL
LEIGHTON F THOMSON
ALLIANZ ASSET MANAGE
INVESCO LTD
COATUE MANAGEMENT LL
BROOKSIDE CAPITAL IN
CLEARBRIDGE INVESTME
FAIRPOINTE CAPITAL L
NORTHERN TRUST CORPO
ALLIANCE BERNSTEIN
EARNEST PARTNERS LLC
STERLING CAPITAL MAN
NORGES BANK
Firm Name
Morgan Stanley
D.A. Davidson & Co
Jefferies
Wells Fargo Securities, LLC
Piper Jaffray
William Blair & Co
B Riley & Company, Inc
Oppenheimer & Co
Credit Agricole Securities (USA)
Credit Suisse
Pacific Crest Securities
Canaccord Genuity Corp
FBN Securities
Raymond James
Cowen and Company
Stifel
Janney Montgomery Scott LLC
Craig-Hallum Capital Group LLC
Tigress Financial Partners
S&P Capital IQ
Maxim Group LLC
FBR Capital Markets
Macquarie
JPMorgan
Dougherty & Company LLC
Goldman Sachs
EVA Dimensions
Battle Road Research
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
n/a
WELLINGTON MANAGEMEN
n/a
n/a
BANK OF NEW YORK MEL
n/a
n/a
n/a
COATUE MANAGEMENT LL
BROOKSIDE CAPITAL MA
CLEARBRIDGE INVESTME
FAIRPOINTE CAPITAL L
NORTHERN TRUST CORPO
n/a
EARNEST PARTNERS LLC
STERLING CAPITAL MAN
NORGES BANK
Analyst
JENNIFER LOWE
DONNA M JAEGERS
AARON SCHWARTZ
GRAY W POWELL
MICHAEL J OLSON
JAMES D BREEN JR
SAMEET SINHA
TIMOTHY K HORAN
EDWARD MAGUIRE
PHILIP WINSLOW
CHAD BARTLEY
GREGORY MILLER
SHEBLY SEYRAFI
MICHAEL TURITS
COLBY SYNESAEL
BEN LOWE
RICHARD FETYKO
JEFF VAN RHEE
IVAN FEINSETH
SCOTT H KESSLER
GREG MESNIAEFF
DAVID M HILAL
KEVIN SMITHEN
STERLING AUTY
MARK KELLEHER
HEATHER BELLINI
ANDREW S ZAMFOTIS
TEAM COVERAGE
Source
13G
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
Form 4
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
Recommendation
Equalwt/In-Line
buy
hold
outperform
overweight
outperform
buy
outperform
buy
underperform
sector perform
buy
outperform
market perform
outperform
hold
neutral
buy
strong buy
strong buy
buy
market perform
outperform
neutral
buy
neutral/neutral
underweight
hold
Amt Held
20'446'047
10'918'692
10'292'087
9'381'857
6'167'160
5'657'984
4'997'389
4'247'195
3'803'876
3'786'311
3'496'914
3'301'129
3'182'552
3'060'013
2'650'409
2'471'613
1'869'235
1'823'137
1'522'720
1'444'989
% Out
11.46
6.12
5.77
5.26
3.46
3.17
2.8
2.38
2.13
2.12
1.96
1.85
1.78
1.71
1.49
1.39
1.05
1.02
0.85
0.81
Weighting
Change
3
5
3
5
5
5
5
5
5
1
3
5
5
3
5
3
3
5
5
5
5
3
5
3
5
3
1
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
N
M
M
M
M
M
M
M
Latest Chg
5'548'410
365'861
362'445
3'835'050
(2'798'293)
(686'077)
92'118
30'000
(522'944)
451'317
(1'528'393)
624'104
(271'044)
(538'495)
2'632
1'002'972
(48'222)
1'450'867
95'439
Target Price
#N/A N/A
50
40
#N/A N/A
45
#N/A N/A
41
43
47
30
#N/A N/A
45
45
#N/A N/A
#N/A N/A
#N/A N/A
40
44
#N/A N/A
45
44
36
42
42
50
40
#N/A N/A
#N/A N/A
File Dt
Inst Type
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
13.03.2013
n/a
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Government
Date
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
6 month
12 month
12 month
Not Provided
Not Provided
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
22.04.2013
21.04.2013
19.04.2013
17.04.2013
16.04.2013
08.04.2013
01.04.2013
22.03.2013
20.03.2013
18.03.2013
14.03.2013
13.03.2013
13.03.2013
11.03.2013
11.03.2013
07.02.2013
15.01.2013
07.06.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (05.10.2012)
52-Week Low (07.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ALXN UW EQUITY YTD Change
ALXN UW EQUITY YTD % CHANGE
12/2012
12/yy
119.53
81.39
506'236.00
98.66
-17.46%
21.22%
45.28%
195.2
19'259.35
149.00
0.0
0.0
989.50
18'385.39
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
14.0 M
120
12.0 M
100
10.0 M
80
8.0 M
60
6.0 M
40
4.0 M
20
2.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
140
31.12.2009
31.12.2010
386.8
541.0
10.81x
12.96x
99.5
166.4
41.99x
42.14x
295.2
97.0
28.09x
77.08x
Profitability
LTM-4Q
31.12.2011
783.4
16.24x
261.9
48.58x
175.3
74.81x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'134.1
15.35x
424.0
41.06x
254.8
70.09x
423.96
400.07
35.28%
35.06%
12.40%
17.66%
0.52%
88.9%
37.4%
35.5%
22.5%
4.15
3.57
5.70%
7.56%
4.15
1.37
12/yy
783.4
52.66x
261.9
48.58x
175.3
79.81x
LTM
12/yy
1'134.1
65.98x
424.0
41.06x
254.8
70.48x
FY+1
0.00
0.85
192.64
4.58
9.23%
5.17%
0.855
25
4.600
694'489
493'008
551'067
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
1'517.7
1'895.2
364.5
392.8
11.88x
9.24x
50.49x
46.61x
665.0
889.2
149.0
172.3
27.65x
20.68x
598.9
684.1
138.2
157.1
33.47x
30.17x
S&P Issuer Ratings
57.28
54.33
-1.98
0.35
7.6%
7.0%
0.52
7.43
87.85
266.82
293.42
292.90
Sales/Revenue/Turnover
70.00
1'200.0
60.00
1'000.0
50.00
800.0
40.00
600.0
30.00
400.0
20.00
200.0
10.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
T ROWE PRICE ASSOCIA
FMR LLC
BLACKROCK
STATE STREET
JENNISON ASSOCIATES
VANGUARD GROUP INC
SANDS CAPITAL MANAGE
WELLS FARGO
JANUS CAPITAL MANAGE
VIKING GLOBAL INVEST
AMERIPRISE FINANCIAL
AMERICAN CENTURY COM
BANK OF NEW YORK MEL
INVESCO LTD
NORTHERN TRUST CORPO
HARBOR CAPITAL ADVIS
JP MORGAN
TIAA CREF INVESTMENT
TOUCHSTONE ADVISORS
Firm Name
Canaccord Genuity Corp
Cowen and Company
Deutsche Bank
Robert W. Baird & Co
Janney Montgomery Scott LLC
Piper Jaffray
Oppenheimer & Co
Sanford C. Bernstein & Co
Wells Fargo Securities, LLC
JPMorgan
Stifel
Morgan Stanley
Leerink Swann & Co
Lazard Capital Markets
Goldman Sachs
Brean Murray Carret & Co
Jefferies
William Blair & Co
Guggenheim Securities LLC
Barclays
S&P Capital IQ
EVA Dimensions
Portfolio Name
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
n/a
JENNISON ASSOCIATES
VANGUARD GROUP INC
SANDS CAPITAL MANAGE
n/a
n/a
VIKING GLOBAL INVEST
AMERIPRISE FINANCIAL
AMERICAN CENTURY COM
BANK OF NEW YORK MEL
n/a
NORTHERN TRUST CORPO
Multiple Portfolios
n/a
TIAA-CREF INVESTMENT
Multiple Portfolios
Analyst
SALVEEN J RICHTER
ERIC SCHMIDT
ROBYN KARNAUSKAS
CHRISTOPHER J RAYMOND
KIMBERLY LEE
M IAN SOMAIYA
DAVID FERREIRO
GEOFFREY C PORGES
BRIAN C ABRAHAMS
GEOFFREY MEACHAM
STEPHEN D WILLEY
DAVID FRIEDMAN
HOWARD LIANG
JOSHUA SCHIMMER
TERENCE FLYNN
JONATHAN M ASCHOFF
EUN K YANG
JOHN S SONNIER
BRET HOLLEY
YING HUANG
STEVEN SILVER
ANDREW S ZAMFOTIS
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
MF-AGG
ULT-AGG
13F
MF-AGG
Recommendation
buy
outperform
buy
outperform
neutral
overweight
outperform
market perform
market perform
overweight
buy
Overwt/In-Line
outperform
buy
buy/attractive
buy
hold
outperform
buy
overweight
buy
buy
Amt Held
30'769'061
18'500'374
14'952'509
12'923'783
10'706'380
10'056'686
8'827'198
8'078'606
7'966'888
4'713'716
4'014'242
3'693'290
3'287'777
2'960'817
2'722'627
2'696'867
2'669'856
2'667'173
2'567'502
2'185'000
% Out
15.76
9.48
7.66
6.62
5.48
5.15
4.52
4.14
4.08
2.41
2.06
1.89
1.68
1.52
1.39
1.38
1.37
1.37
1.32
1.12
Weighting
Change
5
5
5
5
3
5
5
3
3
5
5
5
5
5
5
5
3
5
5
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
M
M
M
M
M
Latest Chg
512'215
495'500
(2'556'631)
(414'236)
337'660
737'216
308'137
227'389
(95'683)
961'192
4'014'242
517'382
151'850
130'317
(494'724)
20'210
406'152
(1'204'145)
(45'482)
(83'866)
Target Price
132
#N/A N/A
117
125
107
122
115
92
#N/A N/A
120
118
108
#N/A N/A
102
122
120
88
#N/A N/A
121
118
116
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.03.2013
Investment Advisor
Date
12 month
Not Provided
12 month
12 month
12 month
12 month
18 month
12 month
Not Provided
6 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Date
24.04.2013
23.04.2013
22.04.2013
22.04.2013
19.04.2013
17.04.2013
16.04.2013
15.04.2013
10.04.2013
09.04.2013
08.04.2013
28.03.2013
28.03.2013
20.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
25.01.2013
15.01.2013
30.04.2013
Altera Corp
Altera Corporation is a global semiconductor company that designs, manufactures,
and markets programmable logic devices and associated development tools. The
Company's products, include a variety of programmable logic devices and hardcopy
application-specific integrated circuits.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (14.09.2012)
52-Week Low (24.10.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 29.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ALTR UW EQUITY YTD Change
ALTR UW EQUITY YTD % CHANGE
12/2012
12/yy
38.79
29.59
796'862.00
31.64
-18.43%
6.93%
22.28%
320.1
10'129.23
500.00
0.0
0.0
3'017.59
7'504.30
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
4.0 M
35
3.5 M
30
3.0 M
25
2.5 M
20
2.0 M
15
1.5 M
10
1.0 M
.5 M
0
a-12
31.12.2009
31.12.2010
1'195.4
1'954.4
4.74x
4.66x
333.6
895.9
17.00x
10.16x
251.1
782.9
26.26x
14.29x
Profitability
LTM-4Q
31.12.2011
2'064.5
4.36x
881.1
10.23x
770.7
15.79x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'783.0
4.75x
628.1
13.49x
556.8
19.99x
628.10
591.24
33.16%
33.20%
12.22%
17.09%
15.07%
0.39%
69.6%
34.9%
32.7%
31.2%
6.78
6.15
10.73%
15.00%
5.67
4.44
12/yy
2'064.5
19.46x
881.1
10.23x
770.7
15.79x
j-12
j-12
a-12
s-12
LTM
12/yy
1'783.0
19.71x
628.1
13.49x
556.8
20.11x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.20
1.27
319.08
4.68
-10.04%
-7.86%
1.271
33
3.758
1'155'497
996'556
1'022'077
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
1'754.4
2'014.8
421.3
449.8
4.10x
3.40x
17.72x
16.43x
560.7
700.0
125.7
143.6
13.38x
10.72x
12.65x
11.60x
466.4
570.2
103.4
116.5
21.66x
17.94x
21.01x
19.35x
S&P Issuer Ratings
04.11.2011
ASTABLE
78.75
71.11
-4.15
0.79
15.0%
13.0%
0.39
9.32
64.14
81.90
29.47
117.30
Sales/Revenue/Turnover
25.00
2'500.0
20.00
2'000.0
15.00
1'500.0
10.00
1'000.0
5.00
500.0
0.00
01.01.2010
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
40
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Altera Corp
Holdings By:
All
Holder Name
FMR LLC
STATE STREET
BLACKROCK
SUN LIFE FINANCIAL I
VANGUARD GROUP INC
GOLDMAN SACHS GROUP
PRIMECAP MANAGEMENT
JP MORGAN
WELLINGTON MANAGEMEN
EAGLE CAPITAL MANAGE
OPPENHEIMERFUNDS INC
CAPITAL GROUP COMPAN
WADDELL & REED FINAN
NEUBERGER BERMAN LLC
T ROWE PRICE ASSOCIA
NORTHERN TRUST CORPO
ARTISAN PARTNERS HOL
CANTILLON CAPITAL MA
BAILLIE GIFFORD AND
INVESCO LTD
Firm Name
Deutsche Bank
Raymond James
BMO Capital Markets
Robert W. Baird & Co
ISI Group
Wells Fargo Securities, LLC
MKM Partners
RBC Capital Markets
Mizuho Securities USA Inc
Nomura
Lazard Capital Markets
Barclays
S&P Capital IQ
Piper Jaffray
Miller Tabak + Co., LLC
Jefferies
GARP Research
Macquarie
Argus Research Corp
Pacific Crest Securities
Drexel Hamilton LLC
Goldman Sachs
Morgan Stanley
Credit Suisse
JPMorgan
William Blair & Co
Credit Agricole Securities (USA)
SunTrust Robinson Humphrey
Canaccord Genuity Corp
Wedge Partners
EVA Dimensions
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
GOLDMAN SACHS GROUP
PRIMECAP MANAGEMENT
n/a
WELLINGTON MANAGEMEN
EAGLE CAPITAL MANAGE
OPPENHEIMER FUNDS IN
n/a
WADDELL & REED FINAN
NEUBERGER BERMAN GRO
T ROWE PRICE ASSOCIA
NORTHERN TRUST CORPO
ARTISAN PARTNERS LP
CANTILLON CAPITAL MA
BAILLIE GIFFORD & CO
n/a
Analyst
ROSS C SEYMORE
HANS C MOSESMANN
AMBRISH SRIVASTAVA
TRISTAN GERRA
SUMIT DHANDA
DAVID M WONG
DANIEL A BERENBAUM
DOUG FREEDMAN
RUBEN ROY
ROMIT SHAH
IAN ING
BLAYNE CURTIS
CHRISTIN ARMACOST
AUGUSTE P RICHARD
BRENDAN FURLONG
MARK J LIPACIS
STEPHEN SAUNDERS
SHAWN WEBSTER
JAMES KELLEHER
JOHN VINH
RICHARD WHITTINGTON
JAMES SCHNEIDER
JOSEPH MOORE
JOHN W PITZER
CHRISTOPHER DANELY
ANIL K DORADLA
SRINI PAJJURI
WILLIAM STEIN
ROBERT BURLESON
JUN ZHANG
ANDREW S ZAMFOTIS
Source
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
Recommendation
hold
strong buy
outperform
neutral
neutral
outperform
neutral
sector perform
buy
reduce
neutral
equalweight
buy
overweight
hold
hold
buy
neutral
hold
sector perform
buy
buy/attractive
Overwt/In-Line
neutral
neutral
market perform
buy
neutral
hold
no rating system
hold
Amt Held
24'871'009
16'675'809
16'506'011
15'114'327
14'715'844
14'051'363
13'119'135
11'361'455
9'597'620
9'206'161
8'573'092
8'500'000
8'407'529
8'347'713
5'994'701
4'782'958
4'610'400
4'498'250
3'764'280
3'609'232
% Out
7.77
5.21
5.16
4.72
4.6
4.39
4.1
3.55
3
2.88
2.68
2.66
2.63
2.61
1.87
1.49
1.44
1.41
1.18
1.13
Weighting
Change
3
5
5
3
3
5
3
3
5
2
3
3
5
5
3
3
5
3
3
3
5
5
5
3
3
3
5
3
3
#N/A N/A
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
D
M
M
M
M
M
Latest Chg
8'679'679
152'262
(1'000'972)
3'937'174
397'950
4'649'182
(776'600)
(7'011'389)
(412'673)
333'798
22'060
(50'000)
666'690
1'286'209
(962'960)
(117'329)
(5'000)
2'106'000
327'929
(348'696)
Target Price
32
42
40
33
29
#N/A N/A
32
36
41
27
#N/A N/A
35
37
36
34
35
#N/A N/A
38
#N/A N/A
#N/A N/A
45
41
36
30
29
#N/A N/A
40
32
34
#N/A N/A
#N/A N/A
File Dt
Inst Type
28.02.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
Date
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
6 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Date
24.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
11.04.2013
06.04.2013
27.03.2013
21.03.2013
18.03.2013
14.03.2013
13.03.2013
07.03.2013
28.02.2013
27.02.2013
20.02.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
23.01.2013
23.01.2013
18.01.2013
15.01.2013
30.04.2013
Amazon.com Inc
Amazon.com, Inc. is an online retailer that offers a wide range of products.
The Company's products include books, music, videotapes, computers,
electronics, home and garden, and numerous other products. Amazon offers
personalized shopping services, Web-based credit card payment, and direct
shipping to customers.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (25.01.2013)
52-Week Low (04.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 12.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
AMZN UW EQUITY YTD Change
AMZN UW EQUITY YTD % CHANGE
12/2012
12/yy
284.68
206.50
1'807'717.00
249.74
-12.27%
20.94%
55.31%
455.2
113'692.31
4'385.00
0.0
0.0
11'448.00
109'489.31
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
6.0 M
250
5.0 M
200
4.0 M
150
3.0 M
100
2.0 M
50
1.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
300
31.12.2009
31.12.2010
24'509.0
34'204.0
2.19x
2.15x
1'507.0
1'974.0
35.69x
37.21x
902.0
1'152.0
63.60x
71.15x
Profitability
LTM-4Q
31.12.2011
48'077.0
1.49x
1'945.0
36.75x
631.0
126.35x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
61'093.0
1.75x
2'835.0
37.68x
(39.0)
2'835.00
676.00
1.11%
0.64%
-0.36%
-1.12%
-1.24%
2.63%
24.8%
4.8%
1.0%
-0.1%
1.12
0.78
13.47%
53.53%
29.56
9.90
LTM
12/yy
48'077.0
6.86x
1'945.0
36.75x
632.0
126.46x
12/yy
61'093.0
6.55x
2'834.0
37.70x
(40.0)
0.00x
FY+1
0.00
1.19
367.61
6.53
7.69%
-0.56%
1.189
42
4.238
1'609'058
889'759
940'718
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
74'865.4
91'383.9
15'745.1
17'001.2
1.43x
1.13x
6.98x
6.39x
4'653.8
6'257.3
993.2
994.6
23.53x
17.50x
22.32x
21.33x
1'396.3
2'385.3
243.5
247.6
79.71x
47.10x
72.33x
64.15x
S&P Issuer Ratings
26.11.2012
AASTABLE
13.06.2007
NR
30.82
-10.33
-1.37
1.20
53.5%
34.9%
2.63
10.38
12.35
36.89
58.99
-33.57
Sales/Revenue/Turnover
40.00
70'000.0
35.00
60'000.0
30.00
50'000.0
25.00
40'000.0
20.00
30'000.0
15.00
20'000.0
10.00
10'000.0
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Amazon.com Inc
Holdings By:
All
Holder Name
BEZOS JEFFREY P
CAPITAL GROUP COMPAN
T ROWE PRICE ASSOCIA
BLACKROCK
STATE STREET
VANGUARD GROUP INC
FMR LLC
BAILLIE GIFFORD AND
SANDS CAPITAL MANAGE
JP MORGAN
JENNISON ASSOCIATES
MORGAN STANLEY
INVESCO LTD
NORTHERN TRUST CORPO
BANK OF NEW YORK MEL
UBS
WELLINGTON MANAGEMEN
TORONTO DOMINION BAN
WELLS FARGO
TIAA CREF INVESTMENT
Firm Name
Sanford C. Bernstein & Co
Raymond James
Nomura
JPMorgan
BGC Partners
JMP Securities
Topeka Capital Markets Inc
Morgan Stanley
Cantor Fitzgerald
Piper Jaffray
RBC Capital Markets
Evercore Partners
BMO Capital Markets
Telsey Advisory Group
Canaccord Genuity Corp
Janney Montgomery Scott LLC
Robert W. Baird & Co
Wells Fargo Securities, LLC
Pacific Crest Securities
ISI Group
Cowen and Company
Barclays
Deutsche Bank
Atlantic Equities LLP
Stifel
William Blair & Co
EVA Dimensions
Daiwa Securities Co. Ltd.
Oppenheimer & Co
Argus Research Corp
Goldman Sachs
Credit Suisse
Jefferies
Needham & Co
Macquarie
B Riley & Company, Inc
Benchmark Company LLC
Credit Agricole Securities (USA)
Wedge Partners
McAdams Wright Ragen Inc
S&P Capital IQ
Battle Road Research
First Global Stockbroking
Portfolio Name
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
VANGUARD GROUP INC
n/a
BAILLIE GIFFORD & CO
SANDS CAPITAL MANAGE
n/a
JENNISON ASSOCIATES
n/a
n/a
NORTHERN TRUST CORPO
BANK OF NEW YORK MEL
n/a
WELLINGTON MANAGEMEN
TORONTO DOMINION BAN
n/a
TIAA-CREF INVESTMENT
Analyst
CARLOS KIRJNER
AARON M KESSLER
ARAM RUBINSON
DOUGLAS ANMUTH
COLIN W GILLIS
RONALD V JOSEY III
VICTOR ANTHONY
SCOTT W DEVITT
YOUSSEF H SQUALI
EUGENE E MUNSTER
MARK S MAHANEY
KEN SENA
EDWARD S WILLIAMS
THOMAS FORTE
MICHAEL GRAHAM
SHAWN C MILNE
COLIN SEBASTIAN
MATTHEW NEMER
CHAD BARTLEY
GREGORY MELICH
JOHN BLACKLEDGE
ANTHONY J DICLEMENTE
ROSS SANDLER
JAMES CORDWELL
JORDAN ROHAN
MARK R MILLER
CRAIG STERLING
KAZUYA NISHIMURA
JASON S HELFSTEIN
JOSEPH F BONNER
HEATH P TERRY
STEPHEN JU
BRIAN J PITZ
KERRY RICE
BENJAMIN A SCHACHTER
SCOTT TILGHMAN
DANIEL L KURNOS
JAMES LEE
BRIAN BLAIR
DAN GEIMAN
MICHAEL SOUERS
TEAM COVERAGE
RITESH DOSHI
Source
Form 4
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
Recommendation
outperform
market perform
buy
neutral
hold
market perform
buy
Overwt/Attractive
buy
overweight
outperform
overweight
market perform
no rating system
hold
buy
outperform
outperform
outperform
buy
outperform
equalweight
buy
overweight
buy
outperform
sell
outperform
outperform
hold
buy/attractive
outperform
buy
hold
outperform
buy
buy
outperform
no rating system
hold
hold
hold
market perform
Amt Held
86'970'020
43'940'459
20'211'207
18'884'410
18'345'000
16'433'434
15'535'787
11'895'369
7'730'515
6'404'636
6'217'693
5'767'335
5'407'626
5'046'581
4'666'295
4'449'254
4'405'355
4'260'200
3'087'754
3'037'780
% Out
19.11
9.65
4.44
4.15
4.03
3.61
3.41
2.61
1.7
1.41
1.37
1.27
1.19
1.11
1.03
0.98
0.97
0.94
0.68
0.67
Weighting
Change
5
3
5
3
3
3
5
5
5
5
5
5
3
#N/A N/A
3
5
5
5
5
5
5
3
5
5
5
5
1
5
5
3
5
5
5
3
5
5
5
5
#N/A N/A
3
3
3
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
Latest Chg
(195'151)
4'330'950
1'315'756
713'291
155'418
465'988
(672'592)
30'532
238'226
376'682
(801'059)
(219'454)
(822'311)
(13'747)
(112'217)
(666'569)
(179'692)
(100)
16'229
(14'891)
Target Price
320
#N/A N/A
315
300
245
#N/A N/A
350
320
300
329
330
330
260
370
300
310
325
#N/A N/A
346
320
#N/A N/A
260
335
325
335
#N/A N/A
#N/A N/A
295
325
#N/A N/A
330
334
330
#N/A N/A
305
341
330
290
#N/A N/A
#N/A N/A
250
#N/A N/A
#N/A N/A
File Dt
15.02.2013
31.03.2013
31.12.2012
23.04.2013
24.04.2013
31.03.2013
28.02.2013
31.03.2013
31.12.2012
28.02.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.03.2013
28.02.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
Date
12 month
Not Provided
12 month
6 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
18 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Inst Type
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
21.04.2013
21.04.2013
19.04.2013
19.04.2013
17.04.2013
15.04.2013
15.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
11.04.2013
09.04.2013
08.04.2013
02.04.2013
16.03.2013
22.02.2013
11.02.2013
31.01.2013
30.01.2013
30.01.2013
30.01.2013
30.01.2013
30.01.2013
30.01.2013
30.01.2013
30.01.2013
26.11.2012
26.10.2012
26.10.2012
27.04.2012
27.07.2011
30.04.2013
Amgen Inc
Amgen Inc. is an independent biotechnology medicines company that discovers,
develops, manufactures and markets medicines for grievous illnesses. The
Company focuses solely on human therapeutics and concentrates on innovating
novel medicines based on advances in cellular and molecular biology.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (23.04.2013)
52-Week Low (01.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
AMGN UW EQUITY YTD Change
AMGN UW EQUITY YTD % CHANGE
12/2012
03/yy
114.95
67.61
1'374'889.00
106.67
-7.20%
57.77%
82.51%
750.0
80'002.50
26'541.00
0.0
0.0
24'061.00
82'623.50
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
6.0 M
100
5.0 M
80
4.0 M
60
3.0 M
40
2.0 M
20
1.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
120
31.12.2009
31.12.2010
14'642.0
15'053.0
3.65x
3.13x
6'728.0
6'679.0
7.94x
7.05x
4'605.0
4'627.0
11.71x
11.68x
Profitability
LTM-4Q
31.12.2011
15'582.0
3.33x
5'372.0
9.66x
3'683.0
12.87x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
17'265.0
3.92x
6'665.0
10.15x
4'345.0
14.37x
6'665.00
5'577.00
32.30%
29.01%
9.11%
23.95%
12.22%
0.35%
83.1%
38.6%
31.8%
25.2%
3.81
3.24
48.88%
139.25%
6.33
1.14
LTM
03/yy
15'924.0
12.60x
5'542.0
9.95x
3'742.0
12.97x
03/yy
17'455.0
15.53x
4'929.0
0.00x
4'595.0
16.11x
FY+1
1.35
0.72
749.11
10.62
52.90%
24.26%
0.722
32
3.813
2'055'211
1'588'980
1'745'700
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
17'924.8
18'375.2
4'483.7
4'543.8
4.29x
3.96x
7'358.0
8'331.3
1'637.5
1'713.5
11.23x
9.92x
5'543.4
6'193.9
1'330.1
1'371.9
14.66x
12.89x
14.43x
13.71x
S&P Issuer Ratings
07.09.2007
A+
STABLE
31.05.2012
A-1+
6.18
5.54
0.37
3.98
139.2%
58.2%
0.35
3.27
57.67
320.34
341.43
296.17
Sales/Revenue/Turnover
14.00
20'000.0
18'000.0
12.00
16'000.0
10.00
14'000.0
12'000.0
8.00
10'000.0
8'000.0
6.00
6'000.0
4.00
4'000.0
2.00
0.00
01.01.2010
2'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Amgen Inc
Holdings By:
All
Holder Name
CAPITAL GROUP COMPAN
FMR LLC
BLACKROCK
PRIMECAP MANAGEMENT
STATE STREET
VANGUARD GROUP INC
WELLINGTON MANAGEMEN
INVESCO LTD
FRANKLIN RESOURCES
NORTHERN TRUST CORPO
BANK OF AMERICA CORP
T ROWE PRICE ASSOCIA
BANK OF NEW YORK MEL
AMERIPRISE FINANCIAL
TIAA CREF INVESTMENT
CLEARBRIDGE INVESTME
NORGES BANK
SUSQUEHANNA INTERNAT
LSV ASSET MANAGEMENT
LEGG MASON INC
Firm Name
BMO Capital Markets
Deutsche Bank
Morgan Stanley
RBC Capital Markets
Robert W. Baird & Co
Sanford C. Bernstein & Co
Leerink Swann & Co
Stifel
Oppenheimer & Co
Guggenheim Securities LLC
Cowen and Company
S&P Capital IQ
Atlantic Equities LLP
Credit Suisse
JPMorgan
Jefferies
William Blair & Co
Lazard Capital Markets
Piper Jaffray
Barclays
Goldman Sachs
Independent Research GmbH
Edward Jones
Brean Murray Carret & Co
Hamburger Sparkasse
Argus Research Corp
ISI Group
EVA Dimensions
First Global Stockbroking
Cyrrus
Portfolio Name
n/a
n/a
n/a
PRIMECAP MANAGEMENT
n/a
VANGUARD GROUP INC
WELLINGTON MANAGEMEN
n/a
n/a
NORTHERN TRUST CORPO
BANK OF AMERICA
T ROWE PRICE ASSOCIA
BANK OF NEW YORK MEL
AMERIPRISE FINANCIAL
TIAA-CREF INVESTMENT
CLEARBRIDGE INVESTME
NORGES BANK
SUSQUEHANNA INTERNAT
LSV ASSET MANAGEMENT
Multiple Portfolios
Analyst
JIM BIRCHENOUGH
ROBYN KARNAUSKAS
MARSHALL URIST
MICHAEL J YEE
CHRISTOPHER J RAYMOND
GEOFFREY C PORGES
HOWARD LIANG
JOEL D SENDEK
BORIS PEAKER
BRET HOLLEY
ERIC SCHMIDT
STEVEN SILVER
RICHARD J PURKISS
RAVI MEHROTRA
GEOFFREY MEACHAM
EUN K YANG
JOHN S SONNIER
JOSHUA SCHIMMER
M IAN SOMAIYA
CHARLES ANTHONY BUTLER
TERENCE FLYNN
CHRISTOPH SCHOENDUBE
JUDSON CLARK
GENE MACK
MARCO GUENTHER
JOHN M EADE
MARK J SCHOENEBAUM
ANDREW S ZAMFOTIS
KAVITA THOMAS
TOMAS MENCIK
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
13F
MF-AGG
Recommendation
market perform
buy
Equalwt/In-Line
outperform
neutral
market perform
market perform
hold
market perform
neutral
outperform
buy
overweight
neutral
neutral
buy
market perform
buy
neutral
equalweight
neutral/attractive
hold
hold
buy
sell
buy
buy
buy
sector outperform
buy
Amt Held
75'682'106
58'002'657
44'895'140
42'036'924
41'803'196
34'837'876
21'832'328
15'651'522
11'669'680
11'487'213
11'107'530
10'496'023
9'297'824
8'561'832
7'581'069
7'120'455
6'263'455
5'306'546
5'262'570
5'225'051
% Out
10.09
7.73
5.99
5.6
5.57
4.65
2.91
2.09
1.56
1.53
1.48
1.4
1.24
1.14
1.01
0.95
0.84
0.71
0.7
0.7
Weighting
Change
3
5
3
5
3
3
3
3
3
3
5
5
5
3
3
5
3
5
3
3
3
3
3
5
1
5
5
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
D
M
M
M
M
M
M
M
M
Latest Chg
2'001'700
3'329'190
(2'963'375)
344'362
446'107
(1'069'549)
706'375
(4'012'947)
(484'470)
3'592'934
(660'498)
777'425
1'929'023
734'423
(145'272)
5'419'529
1'981'232
(102'800)
(176'156)
Target Price
83
115
#N/A N/A
120
101
115
#N/A N/A
#N/A N/A
100
105
#N/A N/A
116
130
115
115
123
#N/A N/A
125
107
105
100
115
#N/A N/A
98
#N/A N/A
96
92
#N/A N/A
#N/A N/A
78
File Dt
31.03.2013
28.02.2013
23.04.2013
31.12.2012
24.04.2013
31.03.2013
31.12.2012
31.12.2012
31.01.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
Date
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
6 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
17.04.2013
03.04.2013
22.03.2013
20.03.2013
20.03.2013
15.03.2013
01.03.2013
15.01.2013
17.05.2012
05.04.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (20.02.2013)
52-Week Low (23.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 02.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ADI UW EQUITY YTD Change
ADI UW EQUITY YTD % CHANGE
10/2012
02/yy
47.16
34.25
411'242.00
43.66
-7.42%
27.47%
72.89%
306.0
13'359.29
821.60
0.0
0.0
3'900.38
10'131.98
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
6.0 M
5.0 M
4.0 M
3.0 M
2.0 M
1.0 M
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12
31.10.2009
31.10.2010
2'014.9
2'761.5
3.00x
2.81x
478.3
1'037.5
12.64x
7.49x
247.8
712.1
26.42x
14.21x
Profitability
LTM-4Q
31.10.2011
2'993.3
2.85x
1'192.5
7.15x
867.4
13.91x
31.10.2012
2'701.1
3.25x
942.3
9.32x
651.2
18.69x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
942.31
832.48
30.82%
30.12%
11.70%
15.75%
13.57%
0.49%
64.5%
34.5%
30.4%
24.1%
8.94
8.08
14.62%
19.72%
8.47
3.15
02/yy
2'912.9
11.98x
1'117.4
8.18x
784.7
15.93x
LTM
02/yy
2'675.2
13.57x
923.5
11.08x
643.1
21.16x
FY+1
2.75
302.88
3.88
15.49%
4.58%
31
3.903
768'115
834'253
836'323
FY+2
FQ+1
FQ+2
10/13 Y
10/14 Y
04/13 Q2 07/13 Q3
2'689.6
2'979.8
660.9
688.4
3.78x
3.22x
16.26x
15.37x
930.1
1'135.9
225.4
248.0
10.89x
8.92x
10.12x
9.54x
670.9
841.4
162.7
178.7
20.20x
16.22x
18.79x
17.73x
S&P Issuer Ratings
29.09.2010
ASTABLE
18.03.2008
A-2
35.66
30.66
-3.49
0.82
19.7%
16.5%
0.49
5.53
42.97
115.39
42.62
121.28
Sales/Revenue/Turnover
20.00
3'500.0
18.00
3'000.0
16.00
14.00
2'500.0
12.00
2'000.0
10.00
1'500.0
8.00
1'000.0
6.00
4.00
500.0
2.00
0.00
06.11.2009
0.0
06.05.2010
06.11.2010
06.05.2011
06.11.2011
06.05.2012
06.11.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
WELLINGTON MANAGEMEN
STATE STREET
BLACKROCK
VANGUARD GROUP INC
FMR LLC
JP MORGAN
T ROWE PRICE ASSOCIA
ARTISAN PARTNERS HOL
CANTILLON CAPITAL MA
INVESCO LTD
BANK OF NEW YORK MEL
WELLS FARGO
NORTHERN TRUST CORPO
PIONEER INVESTMENT M
SILVER BRIDGE CAPITA
FIRST PACIFIC ADVISO
M&G INVESTMENT MANAG
JOHN W BRISTOL & COM
RENAISSANCE TECHNOLO
Firm Name
BMO Capital Markets
Robert W. Baird & Co
Wells Fargo Securities, LLC
MKM Partners
ISI Group
Sterne, Agee & Leach
B Riley & Company, Inc
Argus Research Corp
RBC Capital Markets
Edward Jones
Sanford C. Bernstein & Co
Raymond James
Nomura
S&P Capital IQ
Macquarie
Morgan Stanley
SunTrust Robinson Humphrey
Canaccord Genuity Corp
Deutsche Bank
Credit Suisse
JPMorgan
Stephens Inc
Barclays
Drexel Hamilton LLC
Goldman Sachs
Jefferies
Pacific Crest Securities
EVA Dimensions
First Global Stockbroking
GARP Research
Portfolio Name
n/a
WELLINGTON MANAGEMEN
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
T ROWE PRICE ASSOCIA
ARTISAN PARTNERS LP
CANTILLON CAPITAL MA
n/a
BANK OF NEW YORK MEL
n/a
NORTHERN TRUST CORPO
PIONEER INVESTMENT M
SILVER BRIDGE CAPITA
FIRST PACIFIC ADVISO
M&G INVESTMENT MANAG
JOHN W BRISTOL & COM
RENAISSANCE TECHNOLO
Analyst
AMBRISH SRIVASTAVA
TRISTAN GERRA
DAVID M WONG
DANIEL A BERENBAUM
SUMIT DHANDA
VIJAY R RAKESH
CRAIG ELLIS
JAMES KELLEHER
DOUG FREEDMAN
WILLIAM C KREHER
STACY A RASGON
J STEVEN SMIGIE
ROMIT SHAH
CHRISTIN ARMACOST
SHAWN WEBSTER
JOSEPH MOORE
WILLIAM STEIN
ROBERT BURLESON
ROSS C SEYMORE
JOHN W PITZER
CHRISTOPHER DANELY
HARSH KUMAR
BLAYNE CURTIS
RICHARD WHITTINGTON
JAMES V COVELLO
MARK J LIPACIS
MICHAEL MCCONNELL
ANDREW S ZAMFOTIS
ISHANSH VIJ
BRETT CARSON
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
Recommendation
market perform
outperform
outperform
neutral
strong buy
neutral
buy
buy
sector perform
hold
market perform
strong buy
neutral
hold
outperform
Equalwt/In-Line
neutral
buy
hold
outperform
overweight
equalweight
equalweight
buy
neutral/attractive
hold
outperform
overweight
moderate outperform
neutral
Amt Held
29'081'445
17'590'220
16'401'420
15'828'824
14'234'666
14'178'802
12'711'713
7'920'850
6'993'850
6'685'077
6'662'468
5'867'416
5'318'743
5'046'951
4'771'606
3'907'800
3'674'800
3'460'117
3'346'377
3'284'000
% Out
9.5
5.75
5.36
5.17
4.65
4.63
4.15
2.59
2.29
2.18
2.18
1.92
1.74
1.65
1.56
1.28
1.2
1.13
1.09
1.07
Weighting
Change
3
5
5
3
5
3
5
5
3
3
3
5
3
3
5
3
3
5
3
5
5
3
3
5
3
3
5
5
4
3
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
N
M
M
M
M
M
M
M
M
M
M
M
U
M
Latest Chg
1'450'000
221'721
293'303
607'972
(1'046'664)
934'091
(67'101)
(153'600)
508'513
4'505'408
(77'313)
266'016
202'723
67'978
(6'552)
57'700
(2'000)
(169'003)
(435'000)
Target Price
45
52
#N/A N/A
41
52
41
57
52
46
#N/A N/A
41
57
40
47
52
#N/A N/A
45
50
45
50
51
41
45
55
44
51
55
#N/A N/A
#N/A N/A
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013 Hedge Fund Manager
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.01.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
6 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Date
22.04.2013
22.04.2013
22.04.2013
19.04.2013
11.04.2013
09.04.2013
03.04.2013
02.04.2013
01.04.2013
01.04.2013
01.04.2013
01.04.2013
01.04.2013
01.04.2013
27.03.2013
26.03.2013
12.03.2013
06.03.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
19.02.2013
19.02.2013
19.02.2013
15.01.2013
23.05.2011
21.05.2009
30.04.2013
Apple Inc
Apple Inc. designs, manufactures, and markets personal computers and related
personal computing and mobile communication devices along with a variety of
related software, services, peripherals, and networking solutions. The Company
sells its products worldwide through its online stores, its retail stores, its
direct sales force, third-party wholesalers, and resellers.
Price/Volume
12.0 M
600
10.0 M
8.0 M
400
09/2012
03/yy
705.07
385.10
5'477'820.00
430.12
-39.00%
11.69%
14.07%
938.6
403'731.72
0.00
0.0
0.0
121'251.00
259'044.70
6.0 M
300
200
4.0 M
100
2.0 M
0
a-12 m-12
30.09.2009
30.09.2010
42'905.0
65'225.0
3.03x
3.32x
12'474.0
19'412.0
10.43x
11.17x
8'235.0
14'013.0
20.08x
19.30x
Profitability
LTM-4Q
30.09.2011
108'249.0
2.72x
35'604.0
8.26x
25'922.0
14.61x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.09.2012
156'508.0
3.23x
58'518.0
8.63x
41'733.0
15.11x
58'518.00
55'241.00
35.30%
35.63%
22.95%
33.34%
33.34%
0.98%
43.9%
33.9%
30.9%
26.7%
1.50
1.04
0.00%
0.00%
23.94
87.18
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
LTM
FY+1
1.85
0.98
938.32
20.07
-25.29%
-18.85%
0.982
67
4.448
6'061'684
3'971'731
3'892'843
FY+2
FQ+1
FQ+2
03/yy
03/yy
09/13 Y
09/14 Y
06/13 Q3 09/13 Q4
142'360.0 169'104.0 171'696.0 188'397.5
35'152.4
38'247.2
8.79x
9.16x
1.54x
1.27x
7.41x
6.67x
53'298.0
57'381.0
53'554.7
59'048.8
10'622.2
11'351.7
8.45x
4.73x
4.84x
4.39x
4.53x
4.41x
38'617.0
39'672.0
37'410.3
40'389.9
6'964.8
7'829.5
14.62x
10.57x
10.75x
9.76x
10.77x
10.31x
S&P Issuer Ratings
Long-Term Rating Date
23.04.2013
Long-Term Rating
AA+
Long-Term Outlook
STABLE
Short-Term Rating Date
Short-Term Rating
Credit Ratios
EBITDA/Interest Exp.
(EBITDA-Capex)/Interest Exp.
Net Debt/EBITDA
-2.52
Total Debt/EBITDA
0.00
Reference
Total Debt/Equity
0.0%
Total Debt/Capital
0.0%
Asset Turnover
0.98
Net Fixed Asset Turnover
14.17
Accounts receivable turnover-days
15.20
Inventory Days
4.18
Accounts Payable Turnover Day
56.71
Cash Conversion Cycle
-52.97
Sales/Revenue/Turnover
20.00
180'000.0
18.00
160'000.0
16.00
140'000.0
14.00
120'000.0
12.00
100'000.0
10.00
80'000.0
8.00
60'000.0
6.00
40'000.0
4.00
20'000.0
2.00
0.00
02.10.2009
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
14.0 M
700
500
Valuation Analysis
30.09.2008
37'491.0
2.39x
8'823.0
10.14x
6'119.0
18.91x
800
0.0
02.04.2010
02.10.2010
02.04.2011
02.10.2011
02.04.2012
02.10.2012
02.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Apple Inc
Holdings By:
All
Holder Name
BLACKROCK
STATE STREET
VANGUARD GROUP INC
FMR LLC
T ROWE PRICE ASSOCIA
SUSQUEHANNA INTERNAT
JP MORGAN
NORTHERN TRUST CORPO
INVESCO LTD
BANK OF NEW YORK MEL
JANUS CAPITAL MANAGE
MORGAN STANLEY
UBS
TIAA CREF INVESTMENT
CAPITAL GROUP COMPAN
NORGES BANK
WELLS FARGO
CITIGROUP INCORPORAT
GOLDMAN SACHS GROUP
GEODE CAPITAL MANAGE
Firm Name
BMO Capital Markets
Societe Generale
Deutsche Bank
Morgan Stanley
Goldman Sachs
RBC Capital Markets
Argus Research Corp
Credit Suisse
Hilliard Lyons
JPMorgan
Janney Montgomery Scott LLC
Jefferies
Needham & Co
Pacific Crest Securities
Robert W. Baird & Co
Sanford C. Bernstein & Co
William Blair & Co
FBR Capital Markets
Independent Research GmbH
Stifel
Avondale Partners LLC
Evercore Partners
BGC Partners
Nomura
Wells Fargo Securities, LLC
Cowen and Company
JMP Securities
S&P Capital IQ
Gabelli & Co
Lazard Capital Markets
Atlantic Equities LLP
Cross Research
Credit Agricole Securities (USA)
BTIG LLC
Barclays
Telsey Advisory Group
FBN Securities
Topeka Capital Markets Inc
Creative Global Investments
Raymond James
Canaccord Genuity Corp
Oppenheimer & Co
Mizuho Securities USA Inc
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
T ROWE PRICE ASSOCIA
SUSQUEHANNA INTERNAT
n/a
NORTHERN TRUST CORPO
n/a
BANK OF NEW YORK MEL
n/a
n/a
n/a
TIAA-CREF INVESTMENT
n/a
NORGES BANK
n/a
CITIGROUP INCORPORAT
GOLDMAN SACHS GROUP
GEODE CAPITAL MANAGE
Analyst
KEITH F BACHMAN
ANDY PERKINS
CHRISTOPHER WHITMORE
KATHRYN HUBERTY
WILLIAM C SHOPE JR
AMIT DARYANANI
JAMES KELLEHER
KULBINDER GARCHA
STEPHEN TURNER
MARK A MOSKOWITZ
WILLIAM CHOI
PETER J MISEK
CHARLES WOLF
ANDY HARGREAVES
WILLIAM V POWER
TONI SACCONAGHI
ANIL K DORADLA
SCOTT S THOMPSON
MARKUS FRIEBEL
AARON C RAKERS
JOHN F BRIGHT
ROBERT CIHRA
COLIN W GILLIS
STUART JEFFREY
MAYNARD UM
MATTHEW HOFFMAN
ALEX GAUNA
SCOTT H KESSLER
HENDI SUSANTO
EDWARD PARKER
JAMES CORDWELL
SHANNON S CROSS
AVI SILVER
WALTER P PIECYK JR
BENJAMIN A REITZES
THOMAS FORTE
SHEBLY SEYRAFI
BRIAN J WHITE
CARLO R BESENIUS
TAVIS C MCCOURT
T MICHAEL WALKLEY
ITTAI KIDRON
ABHEY R LAMBA
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
Recommendation
market perform
buy
buy
Overwt/In-Line
Buy/Cautious
outperform
buy
outperform
buy
overweight
buy
hold
buy
sector perform
neutral
outperform
outperform
outperform
buy
buy
market outperform
overweight
buy
neutral
outperform
outperform
market perform
strong buy
buy
buy
overweight
buy
outperform
buy
overweight
no rating system
outperform
buy
sell
outperform
buy
outperform
buy
Amt Held
49'250'980
48'850'575
43'247'824
41'472'347
23'598'905
16'882'717
15'540'026
13'550'305
12'868'847
12'562'591
10'155'052
8'086'335
7'822'896
7'768'584
7'650'330
7'531'087
7'523'460
6'897'211
6'361'655
6'358'050
% Out
5.25
5.2
4.61
4.42
2.51
1.8
1.66
1.44
1.37
1.34
1.08
0.86
0.83
0.83
0.82
0.8
0.8
0.73
0.68
0.68
Weighting
Change
3
5
5
5
5
5
5
5
5
5
5
3
5
3
3
5
5
5
5
5
4
5
5
3
5
5
3
5
5
5
5
5
5
5
5
#N/A N/A
5
5
1
5
5
5
5
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(317'024)
90'615
1'164'484
(4'409'314)
118'759
804'173
(903'792)
90'528
(1'805'968)
(410'792)
974'700
813'609
(829'107)
(249'589)
(7'786'595)
677'078
(400'118)
6'499'377
(1'211'280)
(559'069)
Target Price
435
500
480
540
500
475
600
525
540
545
500
420
710
#N/A N/A
438
600
#N/A N/A
500
610
600
600
550
500
420
#N/A N/A
#N/A N/A
#N/A N/A
550
#N/A N/A
500
500
530
475
540
465
540
575
888
#N/A N/A
600
560
480
550
File Dt
23.04.2013
24.04.2013
31.03.2013
28.02.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.03.2013
31.03.2013
31.12.2012
28.02.2013
31.03.2013
31.12.2012
31.03.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
6 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
30.04.2013
Price/Volume
12.0 M
12
10.0 M
8.0 M
10/2012
01/yy
14.44
9.96
3'928'542.00
14.4
-0.24%
44.65%
99.22%
1'200.0
17'280.64
1'946.00
0.0
0.0
1'937.00
17'473.64
6.0 M
6
4
4.0 M
2.0 M
0
a-12 m-12
31.10.2009
31.10.2010
5'013.6
9'548.7
3.06x
1.47x
53.4
1'934.1
287.63x
7.25x
(305.3)
937.9
14.03x
Profitability
31.10.2011
10'517.0
1.16x
2'587.0
4.71x
1'926.0
9.71x
31.10.2012
8'719.0
1.46x
1'422.0
8.97x
109.0
14.20x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
1'422.00
1'000.00
11.47%
3.62%
0.21%
0.33%
0.41%
0.64%
38.0%
15.9%
10.7%
1.3%
2.25
1.39
16.08%
26.90%
6.04
3.27
j-12
LTM-4Q
LTM
01/yy
10'020.0
5.78x
2'170.0
7.25x
1'538.0
10.92x
01/yy
8'103.0
7.01x
1'285.0
12.13x
26.0
20.69x
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
2.50
1.29
1'189.63
18.95
23.92%
26.70%
1.287
21
3.524
3'843'916
3'216'696
3'313'814
FY+2
FQ+1
FQ+2
10/13 Y
10/14 Y
04/13 Q2 07/13 Q3
7'828.4
9'351.3
1'909.1
2'124.1
2.20x
1.76x
9.26x
8.31x
1'316.2
1'992.0
317.3
448.3
13.28x
8.77x
10.26x
9.12x
737.2
1'239.2
163.9
246.5
23.72x
13.42x
17.78x
14.71x
S&P Issuer Ratings
21.12.1999
ASTABLE
14.97
13.26
0.15
1.51
26.9%
21.2%
0.64
8.73
60.31
111.15
36.97
125.35
Sales/Revenue/Turnover
60.00
12'000.0
50.00
10'000.0
40.00
8'000.0
30.00
6'000.0
20.00
4'000.0
10.00
2'000.0
0.00
30.10.2009
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
14.0 M
14
10
Valuation Analysis
31.10.2008
8'129.2
1.63x
1'693.6
7.84x
960.7
14.62x
16
0.0
30.04.2010
30.10.2010
30.04.2011
30.10.2011
30.04.2012
30.10.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
HARRIS ASSOCIATES LP
STATE STREET
BLACKROCK
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
INVESCO LTD
BANK OF NEW YORK MEL
ARTISAN PARTNERS HOL
ALLIANCE BERNSTEIN
PARNASSUS INVESTMENT
AMERICAN CENTURY COM
NORTHERN TRUST CORPO
PRIMECAP MANAGEMENT
INTERNATIONAL VALUE
EDINBURGH PARTNERS L
PERKINS INVESTMENT M
ASHMORE WELATH MANAG
NORGES BANK
FRANK RUSSELL TRUST
THIRD AVENUE MANAGEM
Firm Name
Stifel
Exane BNP Paribas
S&P Capital IQ
Cowen and Company
Needham & Co
Edward Jones
Pacific Crest Securities
B Riley & Company, Inc
Credit Suisse
RBC Capital Markets
Piper Jaffray
D.A. Davidson & Co
Argus Research Corp
Deutsche Bank
Credit Agricole Securities (USA)
Susquehanna Financial Group
EVA Dimensions
Goldman Sachs
First Global Stockbroking
Portfolio Name
HARRIS ASSOC LP
n/a
n/a
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
n/a
BANK OF NEW YORK MEL
ARTISAN PARTNERS LP
n/a
PARNASSUS INVESTMENT
AMERICAN CENTURY COM
NORTHERN TRUST CORPO
PRIMECAP MANAGEMENT
INTERNATIONAL VALUE
EDINBURGH PARTNERS L
PERKINS INVESTMENT M
ASHMORE WEALTH MANAG
NORGES BANK
FRANK RUSSELL COMPAN
THIRD AVENUE MANAGEM
Analyst
PATRICK J HO
JEROME RAMEL
ANGELO ZINO
TIMOTHY M ARCURI
EDWIN MOK
WILLIAM C KREHER
WESTON TWIGG
BEN PANG
SATYA KUMAR
MAHESH SANGANERIA
JAGADISH IYER
THOMAS DIFFELY
JAMES KELLEHER
VISHAL SHAH
MARK HELLER
MEHDI HOSSEINI
ANDREW S ZAMFOTIS
JAMES V COVELLO
ISHANSH VIJ
Source
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
buy
underperform
buy
outperform
hold
hold
sector perform
neutral
neutral
outperform
overweight
buy
buy
hold
underperform
negative
hold
Buy/Neutral
Moderate Underperformer
Amt Held
72'080'070
65'225'438
62'869'169
56'926'107
46'613'936
39'341'476
37'601'593
31'940'038
28'020'086
21'102'107
20'248'619
16'814'617
15'709'205
15'222'919
15'008'404
12'707'676
12'359'710
10'182'490
9'950'494
9'850'907
% Out
6.01
5.44
5.24
4.74
3.88
3.28
3.13
2.66
2.33
1.76
1.69
1.4
1.31
1.27
1.25
1.06
1.03
0.85
0.83
0.82
Weighting
Change
5
1
5
5
3
3
3
3
3
5
5
5
5
3
1
2
3
5
2
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
Latest Chg
(189'984)
(3'231'983)
(5'063'053)
3'148'932
3'685'210
7'695'341
4'141'258
4'532'400
(2'884'483)
3'964'607
(2'277'777)
(416'248)
(145'500)
2'466'230
(1'325'129)
(2'123'881)
12'359'710
2'242'176
(4'615'059)
544'496
Target Price
17
12
15
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
14
13
17
16
17
16
13
14
9
#N/A N/A
17
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Government
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
18 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Date
24.04.2013
19.04.2013
18.04.2013
16.04.2013
12.04.2013
05.04.2013
02.04.2013
27.03.2013
19.03.2013
15.03.2013
15.03.2013
26.02.2013
15.02.2013
14.02.2013
14.02.2013
13.02.2013
18.01.2013
10.01.2013
27.05.2011
30.04.2013
Autodesk Inc
Autodesk, Inc. supplies PC software and multimedia tools. The Company's
two-dimensional and three-dimensional products are used across industries and
in the home for architectural design, mechanical design, geographic information
systems and mapping, and visualization applications. Autodesk's software
products are sold worldwide through a network of dealers and distributors.
Price/Volume
45
12.0 M
40
10.0 M
35
30
8.0 M
25
01/2013
01/yy
41.42
27.97
501'487.00
38.21
-7.75%
36.61%
76.13%
223.8
8'551.40
745.60
0.0
0.0
2'365.40
6'931.60
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
15
4.0 M
10
2.0 M
5
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
6.0 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (20.03.2013)
52-Week Low (24.08.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 28.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ADSK UW EQUITY YTD Change
ADSK UW EQUITY YTD % CHANGE
31.01.2010
31.01.2011
1'713.7
1'951.8
2.52x
3.98x
246.3
387.6
17.54x
20.04x
58.0
212.0
44.06x
43.74x
Profitability
LTM-4Q
31.01.2012
2'215.6
2.95x
469.8
13.90x
285.3
29.51x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
2'312.2
3.06x
477.6
14.81x
247.4
35.67x
477.60
349.80
15.13%
13.41%
6.57%
12.60%
0.61%
89.7%
20.7%
15.1%
10.7%
2.45
2.35
17.31%
36.49%
5.19
-
01/yy
2'215.6
12.65x
469.8
13.90x
285.3
30.00x
LTM
01/yy
2'312.2
11.17x
477.6
14.81x
247.4
34.11x
FY+1
0.00
1.60
222.59
3.16
-2.95%
8.09%
1.597
21
3.762
553'167
672'109
777'077
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
2'447.8
2'648.3
583.5
597.4
2.74x
2.42x
11.83x
11.50x
722.3
807.1
160.7
175.7
9.60x
8.59x
9.49x
9.10x
479.8
552.7
102.4
116.2
18.06x
15.56x
18.07x
17.17x
S&P Issuer Ratings
05.12.2012
BBB
STABLE
-3.39
1.56
36.5%
26.7%
0.61
21.08
70.46
140.80
-
Sales/Revenue/Turnover
35.00
2'500.0
30.00
2'000.0
25.00
1'500.0
20.00
15.00
1'000.0
10.00
500.0
5.00
0.00
05.02.2010
0.0
05.08.2010
05.02.2011
05.08.2011
05.02.2012
05.08.2012
05.02.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
Autodesk Inc
Holdings By:
All
Holder Name
CAPITAL GROUP COMPAN
BLACKROCK
T ROWE PRICE ASSOCIA
VANGUARD GROUP INC
STATE STREET
VALUEACT HOLDINGS LP
CLEARBRIDGE INVESTME
SUN LIFE FINANCIAL I
INVESCO LTD
WESTEND ADVISORS LLC
MANNING & NAPIER ADV
BANK OF NEW YORK MEL
ARTISAN PARTNERS HOL
SOROBAN CAPITAL PART
ALLIANZ ASSET MANAGE
TPG-AXON MANAGEMENT
NORTHERN TRUST CORPO
CITADEL ADVISORS LLC
FRANKLIN RESOURCES
CADIAN CAPITAL MANAG
Firm Name
Jefferies
Credit Suisse
Wedbush
Evercore Partners
Wedge Partners
Griffin Securities
Canaccord Genuity Corp
RBC Capital Markets
Pacific Crest Securities
Robert W. Baird & Co
Argus Research Corp
Morgan Stanley
JPMorgan
Stifel
Cowen and Company
MKM Partners
Barclays
Goldman Sachs
EVA Dimensions
GARP Research
Portfolio Name
n/a
n/a
T ROWE PRICE ASSOCIA
VANGUARD GROUP INC
n/a
VALUEACT HOLDINGS LP
CLEARBRIDGE INVESTME
n/a
n/a
WESTEND ADVISORS LLC
MANNING & NAPIER ADV
BANK OF NEW YORK MEL
ARTISAN PARTNERS LP
SOROBAN CAPITAL PART
n/a
TPG-AXON MANAGEMENT
NORTHERN TRUST CORPO
CITADEL ADVISORS LLC
n/a
CADIAN CAPITAL MANAG
Analyst
ROSS MACMILLAN
PHILIP WINSLOW
STEVEN R KOENIG
MATTHEW L WILLIAMS
KIRK ADAMS
JAY VLEESCHHOUWER
RICHARD DAVIS JR
MATTHEW HEDBERG
BRENDAN BARNICLE
STEVEN M ASHLEY
JOSEPH F BONNER
KEITH WEISS
STERLING AUTY
BLAIR ABERNETHY
GREGG MOSKOWITZ
ISRAEL HERNANDEZ
RAIMO LENSCHOW
HEATHER BELLINI
ANDREW S ZAMFOTIS
ROBERT J FURLONG
Source
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
Recommendation
buy
neutral
outperform
equalweight
no rating system
buy
hold
outperform
outperform
outperform
hold
Equalwt/In-Line
neutral
hold
neutral
neutral
equalweight
Buy/Neutral
overweight
neutral
Amt Held
21'130'000
14'745'776
14'298'153
14'191'847
12'028'159
10'316'335
9'017'360
8'438'321
5'034'943
4'189'258
4'186'866
4'149'084
3'654'500
3'355'300
3'209'208
3'172'757
3'145'074
2'696'684
2'693'544
2'534'340
% Out
9.44
6.59
6.39
6.34
5.37
4.61
4.03
3.77
2.25
1.87
1.87
1.85
1.63
1.5
1.43
1.42
1.41
1.2
1.2
1.13
Weighting
Change
5
3
5
3
#N/A N/A
5
3
5
5
5
3
3
3
3
3
3
3
5
5
3
M
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
Latest Chg
5'275'000
2'874'162
(1'254'431)
600'214
(691'932)
4'334'211
(611'503)
(2'547'746)
(835'441)
(282'183)
(2'339'014)
1'846'070
98'400
353'500
(157'631)
3'172'757
(263'126)
2'696'684
370'325
50'000
Target Price
47
35
45
40
#N/A N/A
42
38
50
45
43
#N/A N/A
#N/A N/A
38
#N/A N/A
#N/A N/A
41
42
45
#N/A N/A
#N/A N/A
File Dt
31.03.2013
23.04.2013
31.12.2012
31.03.2013
24.04.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
Not Provided
12 month
12 month
Not Provided
36 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
6 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Date
25.04.2013
24.04.2013
24.04.2013
21.04.2013
16.04.2013
15.04.2013
12.04.2013
05.04.2013
04.04.2013
01.04.2013
01.03.2013
26.02.2013
26.02.2013
26.02.2013
26.02.2013
26.02.2013
26.02.2013
25.01.2013
15.01.2013
22.05.2009
30.04.2013
Price/Volume
80
2.0 M
50
40
06/2012
12/yy
67.24
50.90
375'107.00
67.14
-0.15%
31.91%
99.39%
485.0
32'564.05
34.30
0.0
0.0
1'665.40
31'076.15
1.5 M
30
1.0 M
20
.5 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.5 M
60
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (29.04.2013)
52-Week Low (01.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ADP UW EQUITY YTD Change
ADP UW EQUITY YTD % CHANGE
30.06.2008
8'776.5
2.25x
2'087.8
9.47x
1'235.7
19.40x
3.0 M
70
30.06.2009
30.06.2010
8'838.4
8'927.7
1.83x
2.02x
2'191.8
2'137.1
7.38x
8.46x
1'332.6
1'211.4
14.89x
16.78x
Profitability
LTM-4Q
30.06.2011
9'879.5
2.47x
2'196.5
11.09x
1'254.2
20.82x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
10'665.2
2.37x
2'342.3
10.81x
1'388.5
20.31x
2'342.30
1'959.00
18.37%
19.90%
4.28%
22.37%
22.36%
0.33%
49.6%
21.7%
18.1%
13.0%
1.08
0.13
0.11%
0.56%
7.40
-
LTM
12/yy
10'326.0
9.20x
2'245.0
11.14x
1'343.3
20.61x
12/yy
10'945.0
9.45x
2'375.4
10.99x
1'407.0
20.41x
FY+1
2.41
0.96
483.63
6.55
24.24%
18.59%
0.955
28
3.750
495'752
672'094
737'482
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
03/13 Q3 06/13 Q4
11'314.5
12'147.6
3'106.1
2'817.9
2.68x
2.46x
9.72x
10.67x
2'344.2
2'557.6
778.9
481.0
13.26x
12.15x
12.80x
12.46x
1'411.6
1'533.8
474.2
282.2
23.13x
21.07x
22.28x
21.67x
S&P Issuer Ratings
29.10.1998
AAA
STABLE
27.03.2002
A-1+
304.19
286.00
-0.63
0.01
0.6%
0.6%
0.33
15.41
49.46
9.19
-
Sales/Revenue/Turnover
25.00
12'000.0
10'000.0
20.00
8'000.0
15.00
6'000.0
10.00
4'000.0
5.00
0.00
03.07.2009
2'000.0
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
STATE STREET
BLACKROCK
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
BANK OF AMERICA CORP
INVESCO LTD
NORTHERN TRUST CORPO
DEUTSCHE BANK AG
CEDAR ROCK CAPITAL L
ALLIANCE BERNSTEIN
BROWN BROTHERS HARRI
FIDUCIARY MANAGEMENT
WELLS FARGO
JP MORGAN
CLEARBRIDGE INVESTME
NORGES BANK
T ROWE PRICE ASSOCIA
JENSEN INVESTMENT MA
Firm Name
RBC Capital Markets
Janney Montgomery Scott LLC
Sanford C. Bernstein & Co
Cowen and Company
BMO Capital Markets
Susquehanna Financial Group
Barclays
Wells Fargo Securities, LLC
Jefferies
William Blair & Co
Evercore Partners
Edward Jones
Northcoast Research
Goldman Sachs
Robert W. Baird & Co
Stifel
Argus Research Corp
S&P Capital IQ
Credit Suisse
First Analysis Corp
JPMorgan
Raymond James
Oppenheimer & Co
Credit Agricole Securities (USA)
EVA Dimensions
Deutsche Bank
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
BANK OF AMERICA
n/a
NORTHERN TRUST CORPO
DEUTSCHE BANK AKTIEN
CEDAR ROCK CAPITAL L
n/a
BROWN BROTHERS HARRI
FIDUCIARY MANAGEMENT
n/a
n/a
CLEARBRIDGE INVESTME
NORGES BANK
T ROWE PRICE ASSOCIA
JENSEN INVESTMENT MA
Analyst
DANIEL R PERLIN
JOSEPH D FORESI
RODERICK BOURGEOIS
MOSHE KATRI
JEFFREY M SILBER
JAMES E FRIEDMAN
GARY E BISBEE
TIMOTHY W WILLI
JASON KUPFERBERG
TIMOTHY J MCHUGH
DAVID M TOGUT
JOSH OLSON
KARTIK MEHTA
PAUL THOMAS
MARK S MARCON
DAVID M GROSSMAN
JOHN M EADE
DYLAN CATHERS
GEORGE MIHALOS
JAMES ROBERT MACDONALD
TIEN-TSIN HUANG
MICHAEL J BAKER
GLENN GREENE
CRAIG J MAURER
ANDREW S ZAMFOTIS
BRYAN KEANE
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
Recommendation
outperform
neutral
outperform
neutral
outperform
Positive
equalweight
market perform
underperform
market perform
overweight
hold
neutral
Buy/Neutral
outperform
buy
buy
buy
outperform
equalweight
neutral
outperform
market perform
underperform
hold
hold
Amt Held
33'802'414
25'950'240
25'764'279
24'184'018
20'150'291
18'983'029
13'066'138
10'617'982
8'045'478
7'558'234
6'495'027
6'112'032
6'078'556
6'042'415
4'977'288
4'659'019
4'209'825
3'901'533
3'787'494
3'640'609
% Out
6.97
5.35
5.31
4.99
4.15
3.91
2.69
2.19
1.66
1.56
1.34
1.26
1.25
1.25
1.03
0.96
0.87
0.8
0.78
0.75
Weighting
Change
5
3
5
3
5
4
3
3
1
3
5
3
3
5
5
5
5
5
5
3
3
5
3
1
3
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
2'939'840
1'648'029
467'840
811'385
(799'916)
(301'732)
688'945
(479'675)
(40'973)
3'601'447
(126'433)
(4'972)
334'687
30'902
165'701
(165'514)
45'612
302'378
325'044
176'733
Target Price
61
61
62
#N/A N/A
68
67
61
#N/A N/A
55
#N/A N/A
71
#N/A N/A
#N/A N/A
71
66
65
68
67
67
#N/A N/A
63
66
#N/A N/A
62
#N/A N/A
58
File Dt
24.04.2013
23.04.2013
31.03.2013
31.03.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
6 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Date
24.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
17.04.2013
16.04.2013
12.04.2013
09.04.2013
05.04.2013
02.04.2013
27.03.2013
27.03.2013
18.03.2013
08.03.2013
07.03.2013
15.02.2013
14.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
15.01.2013
25.01.2012
30.04.2013
Price/Volume
3.0 M
30
2.5 M
10/2012
02/yy
37.88
29.71
516'831.00
32.53
-14.12%
9.49%
34.52%
246.1
8'005.30
3.00
0.0
0.0
1'084.00
6'857.30
1.5 M
15
10
1.0 M
.5 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
LTM-4Q
31.10.2011
2'336.0
3.18x
745.0
9.99x
552.0
14.70x
31.10.2012
2'364.0
3.06x
744.0
9.71x
563.0
14.85x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
744.00
589.00
24.92%
24.75%
21.10%
24.70%
0.89%
48.4%
31.1%
24.4%
23.8%
4.89
4.12
0.10%
0.12%
8.28
6.12
01/yy
2'349.0
12.82x
732.0
10.20x
558.0
15.14x
LTM
02/yy
2'377.0
12.79x
740.0
10.51x
563.0
15.85x
FY+1
1.88
1.30
243.96
2.52
-3.81%
3.30%
1.299
20
4.700
731'531
655'564
744'161
FY+2
FQ+1
FQ+2
10/13 Y
10/14 Y
04/13 Q2 07/13 Q3
2'386.9
2'650.7
556.5
602.7
2.78x
2.30x
12.30x
11.25x
770.9
891.6
172.6
193.3
8.90x
7.69x
8.38x
7.80x
673.0
772.0
149.3
172.8
12.50x
10.99x
11.99x
11.46x
S&P Issuer Ratings
744.00
503.00
-1.55
0.00
0.1%
0.1%
0.89
5.38
44.79
60.62
62.43
39.42
Sales/Revenue/Turnover
25.00
2'500.0
20.00
2'000.0
15.00
1'500.0
10.00
1'000.0
5.00
500.0
0.00
06.11.2009
2.0 M
20
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.5 M
35
25
Valuation Analysis
31.10.2008
1'699.0
331.0
83.0
-
40
0.0
06.05.2010
06.11.2010
06.05.2011
06.11.2011
06.05.2012
06.11.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
JENNISON ASSOCIATES
FMR LLC
BLACKROCK
VANGUARD GROUP INC
INVESCO LTD
WELLINGTON MANAGEMEN
MAVERICK CAPITAL LTD
JP MORGAN
UBS
SAC CAPITAL ADVISORS
STATE STREET
HARBOR CAPITAL ADVIS
CITADEL ADVISORS LLC
T ROWE PRICE ASSOCIA
OPPENHEIMERFUNDS INC
AMERIPRISE FINANCIAL
RAINIER INVESTMENT M
WESTPAC BANKING CORP
TIAA CREF INVESTMENT
Firm Name
RBC Capital Markets
Brean Murray Carret & Co
Craig-Hallum Capital Group LLC
D.A. Davidson & Co
Lazard Capital Markets
JPMorgan
BNP Paribas Equity Research
Deutsche Bank
Credit Suisse
Jefferies
Sterne, Agee & Leach
Canaccord Genuity Corp
Nomura
Wedge Partners
Barclays
Miller Tabak + Co., LLC
EVA Dimensions
Goldman Sachs
Williams Financial Group
Portfolio Name
n/a
JENNISON ASSOCIATES
n/a
n/a
VANGUARD GROUP INC
n/a
WELLINGTON MANAGEMEN
MAVERICK CAPITAL LTD
n/a
n/a
SAC CAPITAL ADVISORS
n/a
Multiple Portfolios
CITADEL ADVISORS LLC
T ROWE PRICE ASSOCIA
OPPENHEIMER FUNDS IN
AMERIPRISE FINANCIAL
RAINIER INVESTMENT M
WESTPAC BANKING CORP
TIAA-CREF INVESTMENT
Analyst
DOUG FREEDMAN
MIKE BURTON
ANTHONY J STOSS
AALOK K SHAH
IAN ING
CHRISTOPHER DANELY
NITIN KUMAR
ROSS C SEYMORE
JOHN W PITZER
MARK J LIPACIS
VIJAY R RAKESH
T MICHAEL WALKLEY
ROMIT SHAH
CHRISTOPHER J CRESPI
BLAYNE CURTIS
BRENDAN FURLONG
ANDREW S ZAMFOTIS
JAMES SCHNEIDER
CODY G ACREE
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
MF-AGG
13F
13F
13F
13F
13F
13F
13F
Recommendation
outperform
buy
buy
neutral
buy
neutral
hold
buy
outperform
buy
buy
buy
buy
no rating system
overweight
buy
overweight
buy/attractive
not rated
Amt Held
60'286'892
12'247'507
12'169'187
12'160'304
12'010'120
9'684'318
7'305'417
5'692'111
5'264'402
4'923'875
4'551'860
4'338'882
4'124'830
4'123'058
4'067'400
3'896'410
3'425'362
3'346'280
3'167'358
3'128'480
% Out
24.5
4.98
4.95
4.94
4.88
3.94
2.97
2.31
2.14
2
1.85
1.76
1.68
1.68
1.65
1.58
1.39
1.36
1.29
1.27
Weighting
Change
5
5
5
3
5
3
3
5
5
5
5
5
5
#N/A N/A
5
5
5
5
#N/A N/A
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
M
U
U
M
Latest Chg
8'570'672
(460'816)
(5'028'894)
674'056
5'361'238
257'060
(2'842'341)
(60'004)
1'066'227
3'680'860
226'625
(22'575)
107'734
876'000
832'140
1'586'987
22'910
3'155'858
(517'499)
Target Price
42
41
44
37
44
32
36
40
42
42
44
43
40
#N/A N/A
40
41
#N/A N/A
44
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Unclassified
31.12.2012 Hedge Fund Manager
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Bank
31.12.2012
Investment Advisor
Date
12 month
12 month
12 month
18 month
12 month
6 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Date
23.04.2013
23.04.2013
18.04.2013
16.04.2013
15.04.2013
12.04.2013
12.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
05.04.2013
06.03.2013
27.02.2013
27.02.2013
12.12.2012
17.08.2012
30.04.2013
Baidu Inc
Baidu, Inc. operates an Internet search engine. The Company offers algorithmic
search, enterprise search, pay for performance and news, MP3, and image
searches.
Price/Volume
160
4.5 M
140
4.0 M
120
3.5 M
3.0 M
100
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (01.05.2012)
52-Week Low (05.04.2013)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.12.2012
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
BIDU UW EQUITY YTD Change
BIDU UW EQUITY YTD % CHANGE
12/2012
12/yy
135.69
82.99
1'409'520.00
85.47
-37.01%
2.99%
4.71%
272.0
29'892.18
11'941.23
0.0
1'159.9
32'484.86
163'601.57
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
2.0 M
60
1.5 M
40
1.0 M
20
.5 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.5 M
80
31.12.2009
31.12.2010
4'447.8
7'915.1
20.91x
26.99x
1'921.9
4'400.1
48.38x
48.55x
1'485.1
3'525.2
65.75x
62.98x
Profitability
LTM-4Q
31.12.2011
14'500.8
16.93x
8'461.6
29.02x
6'638.6
38.64x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
22'306.0
8.93x
12'566.7
15.86x
10'456.0
20.96x
12'566.66
11'051.32
49.54%
53.64%
29.15%
46.62%
0.66%
71.1%
52.3%
46.5%
46.9%
4.21
4.10
26.15%
45.83%
23.49
-
LTM
12/yy
14'500.8
74.71x
2'512.1
0.00x
6'638.6
38.66x
12/yy
22'306.0
44.23x
12'332.7
16.16x
10'456.0
20.97x
FY+1
0.00
1.37
12.04
-35.59%
-14.78%
1.371
30
3.800
1'555'551
928'091
965'928
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
30'033.7
38'834.3
7'379.3
8'313.8
5.38x
3.88x
24.64x
21.74x
14'061.3
17'697.5
3'485.1
3'958.8
11.63x
9.24x
10.94x
10.28x
11'152.1
13'965.6
2'804.9
3'185.5
16.76x
13.82x
15.96x
15.16x
S&P Issuer Ratings
116.51
95.09
-1.75
0.95
45.8%
30.5%
0.66
7.32
15.54
149.74
-
Sales/Revenue/Turnover
80.00
25'000.0
70.00
20'000.0
60.00
50.00
15'000.0
40.00
10'000.0
30.00
20.00
5'000.0
10.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Baidu Inc
Holdings By:
All
Holder Name
BAILLIE GIFFORD AND
CAPITAL GROUP COMPAN
T ROWE PRICE ASSOCIA
OPPENHEIMERFUNDS INC
INVESCO LTD
LAZARD ASSET MANAGEM
WADDELL & REED FINAN
FMR LLC
THORNBURG INVESTMENT
VONTOBEL ASSET MANAG
ARTISAN PARTNERS HOL
ORBIS HOLDINGS LIMIT
CARMIGNAC GESTION
VANGUARD GROUP INC
JENNISON ASSOCIATES
AMERIPRISE FINANCIAL
GENERAL ELECTRIC COM
MORGAN STANLEY
SCHRODER INVESTMENT
TRILOGY GLOBAL ADVIS
Firm Name
Portfolio Name
BAILLIE GIFFORD & CO
n/a
T ROWE PRICE ASSOCIA
OPPENHEIMER FUNDS IN
n/a
n/a
WADDELL & REED FINAN
n/a
THORNBURG INVESTMENT
VONTOBEL ASSET MANAG
ARTISAN PARTNERS LP
ORBIS HOLDINGS LIMIT
CARMIGNAC GESTION
Multiple Portfolios
JENNISON ASSOCIATES
AMERIPRISE FINANCIAL
GENERAL ELECTRIC COM
n/a
SCHRODER INVESTMENT
TRILOGY GLOBAL ADVIS
Analyst
Deutsche Bank
ALAN HELLAWELL
JPMorgan
DICK WEI
Raymond James
AARON M KESSLER
Brean Murray Carret & Co
FAWNE JIANG
HSBC
CHI TSANG
Macquarie
JIONG SHAO
Stifel
GEORGE I ASKEW
Barclays
ALICIA YAP
Maxim Group LLC
ECHO HE
Nomura
JIN YOON
Wedge Partners
JUAN LIN
Bank of China International
THOMAS CHONG
Morgan Stanley
PHILIP WAN
Oppenheimer & Co
ANDY YEUNG
BOCOM International Holdings
MA YUAN
Goldman Sachs
PIYUSH MUBAYI
China International Capital Corp
JIN YU
Credit Suisse
WALLACE CHEUNG
Jefferies
CYNTHIA JINHONG MENG
CIMB
WENDY HUANG
S&P Capital IQ
SCOTT H KESSLER
Piper Jaffray
EUGENE E MUNSTER
Pacific Crest Securities
EVAN S WILSON
EVA Dimensions
ANDREW S ZAMFOTIS
First Shanghai Securities Ltd
TSOI HO
Standard Chartered
DON SEE
Yuanta Securities Investment ConsultingTEAM COVERAGE
Guotai Junan
DUNDAS DENG
Source
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
MF-AGG
13F
13F
13F
ULT-AGG
13F
13F
Recommendation
hold
overweight
market perform
buy
overweight
outperform
hold
equalweight
sell
buy
no rating system
buy
Equalwt/Attractive
market perform
buy
neutral/neutral
buy
underperform
hold
outperform
strong buy
overweight
outperform
overweight
buy
outperform
Under Review
buy
Amt Held
29'058'050
26'989'238
18'925'723
11'512'523
8'904'429
7'971'126
7'955'010
7'595'841
7'558'634
7'064'519
6'746'927
5'682'934
5'641'407
4'742'187
4'379'366
4'209'633
3'549'170
2'704'386
2'416'560
2'242'423
% Out
10.68
9.92
6.96
4.23
3.27
2.93
2.92
2.79
2.78
2.6
2.48
2.09
2.07
1.74
1.61
1.55
1.3
0.99
0.89
0.82
Weighting
Change
3
5
3
5
5
5
3
3
1
5
#N/A N/A
5
3
3
5
3
5
1
3
5
5
5
5
5
5
5
#N/A N/A
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
Latest Chg
810'200
3'033'400
(2'370'395)
3'352'541
1'221'812
5'054'777
440'190
(3'398'993)
2'202'823
1'581'606
2'439'910
5'641'407
95'502
(2'602'940)
(916'771)
(771'577)
(377'367)
(1'858'488)
698'529
Target Price
115
140
#N/A N/A
120
131
120
#N/A N/A
108
75
110
#N/A N/A
110
105
#N/A N/A
132
89
120
80
112
133
120
140
140
#N/A N/A
126
180
#N/A N/A
200
File Dt
Inst Type
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Unclassified
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Corporation
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
12 month
6 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Date
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
17.04.2013
16.04.2013
11.04.2013
11.04.2013
02.04.2013
27.03.2013
26.03.2013
06.03.2013
19.02.2013
06.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
04.02.2013
17.01.2013
08.11.2012
31.10.2012
25.07.2012
27.03.2012
30.04.2013
Price/Volume
80
60
50
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (19.06.2012)
52-Week Low (20.12.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 02.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
BBBY UW EQUITY YTD Change
BBBY UW EQUITY YTD % CHANGE
02/2013
03/yy
75.83
54.33
824'539.00
68.39
-9.81%
25.88%
65.40%
226.1
15'465.41
0.00
0.0
0.0
1'014.90
14'450.51
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
30
20
10
0
a-12
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
5.0 M
4.5 M
4.0 M
3.5 M
3.0 M
2.5 M
2.0 M
1.5 M
1.0 M
.5 M
.0 M
70
28.02.2010
28.02.2011
7'828.8
8'758.5
1.20x
1.17x
1'164.9
1'472.3
8.08x
6.96x
600.0
791.3
18.09x
15.59x
Profitability
LTM-4Q
29.02.2012
9'499.9
1.31x
1'752.2
7.11x
989.5
14.86x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
28.02.2013
10'914.6
1.09x
1'832.9
6.47x
1'037.8
12.48x
1'832.95
1'638.22
15.01%
14.97%
17.29%
25.94%
1.82%
40.2%
16.8%
15.0%
9.5%
2.37
0.62
0.00%
0.00%
2.88
LTM
02/yy
9'499.9
5.06x
1'752.2
7.11x
989.5
14.79x
03/yy
10'914.6
4.96x
1'832.9
6.47x
1'037.8
12.43x
FY+1
0.00
0.91
220.18
11.29
-2.84%
22.32%
0.912
28
4.143
592'663
797'160
764'870
FY+2
FQ+1
FQ+2
02/14 Y
02/15 Y
05/13 Q1 08/13 Q2
11'635.1
12'274.2
2'593.2
2'799.7
1.27x
1.21x
5.64x
5.34x
1'948.5
2'069.5
385.9
442.3
7.42x
6.98x
7.46x
7.32x
1'076.3
1'145.4
204.8
244.8
13.65x
12.18x
13.63x
13.28x
S&P Issuer Ratings
30.06.2011
BBB+
STABLE
-0.55
0.00
0.0%
0.0%
1.82
8.19
129.00
44.64
-
Sales/Revenue/Turnover
16.00
12'000.0
14.00
10'000.0
12.00
8'000.0
10.00
8.00
6'000.0
6.00
4'000.0
4.00
2'000.0
2.00
0.00
05.03.2010
0.0
05.09.2010
05.03.2011
05.09.2011
05.03.2012
05.09.2012
05.03.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
All
Holder Name
FMR LLC
DAVIS SELECTED ADVIS
STATE STREET
BLACKROCK
VANGUARD GROUP INC
PRIMECAP MANAGEMENT
JP MORGAN
GOLDMAN SACHS GROUP
BROWN BROTHERS HARRI
BANK OF NEW YORK MEL
MONTAG & CALDWELL IN
NORTHERN TRUST CORPO
EISENBERG WARREN
ARTISAN PARTNERS HOL
INVESCO LTD
ROYCE AND ASSOCIATES
WESTEND ADVISORS LLC
GREEN VALLEY INVESTO
PUTNAM INVESTMENT MA
TIAA CREF INVESTMENT
Firm Name
Williams Capital Group
Jefferies
Sanford C. Bernstein & Co
JPMorgan
Wells Fargo Securities, LLC
Deutsche Bank
Robert W. Baird & Co
Nomura
Morgan Stanley
Goldman Sachs
Argus Research Corp
Credit Suisse
SunTrust Robinson Humphrey
William Blair & Co
Raymond James
Oppenheimer & Co
BB&T Capital Markets
S&P Capital IQ
Telsey Advisory Group
EVA Dimensions
Wedbush
KeyBanc Capital Markets
Canaccord Genuity Corp
ISI Group
Barclays
Gilford Securities
GARP Research
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
PRIMECAP MANAGEMENT
n/a
GOLDMAN SACHS GROUP
BROWN BROTHERS HARRI
BANK OF NEW YORK MEL
MONTAG & CALDWELL IN
NORTHERN TRUST CORPO
n/a
ARTISAN PARTNERS LP
n/a
ROYCE & ASSOCIATES L
WESTEND ADVISORS LLC
GREEN VALLEY INVESTO
PUTNAM INVESTMENT MA
TIAA-CREF INVESTMENT
Analyst
MARC RIDDICK
JOHN MARRIN
COLIN MCGRANAHAN
CHRISTOPHER HORVERS
MATTHEW NEMER
MICHAEL BAKER
PETER S BENEDICT
ARAM RUBINSON
DAVID GOBER
MATTHEW J FASSLER
CHRISTOPHER GRAJA
GARY BALTER
DAVID G MAGEE
DANIEL H HOFKIN
BUDD BUGATCH
BRIAN NAGEL
ANTHONY CHUKUMBA
MICHAEL SOUERS
JOSEPH I FELDMAN
CRAIG STERLING
JOAN L STORMS
BRADLEY B THOMAS
LAURA A CHAMPINE
GREGORY MELICH
ALAN M RIFKIN
BERNARD SOSNICK
ROBERT J FURLONG
Source
ULT-AGG
13G
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
Form 5
13F
ULT-AGG
13F
13F
13F
13F
13F
Recommendation
outperform
buy
outperform
neutral
market perform
buy
neutral
neutral
Underwt/In-Line
Sell/Neutral
buy
outperform
buy
outperform
strong buy
outperform
buy
buy
no rating system
overweight
outperform
hold
buy
neutral
overweight
buy
neutral
Amt Held
23'381'935
22'803'561
14'665'233
11'522'812
10'321'320
6'309'436
4'773'018
4'211'263
4'021'741
3'522'856
3'206'710
3'084'372
3'035'165
3'005'500
2'697'686
2'329'500
2'156'877
2'000'000
1'955'301
1'954'478
% Out
10.34
10.08
6.49
5.1
4.56
2.79
2.11
1.86
1.78
1.56
1.42
1.36
1.34
1.33
1.19
1.03
0.95
0.88
0.86
0.86
Weighting
Change
5
5
5
3
3
5
3
3
1
1
5
5
5
5
5
5
5
5
#N/A N/A
5
5
3
5
3
5
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
M
M
M
M
Latest Chg
(1'905'265)
572'841
485'767
128'724
130'603
(156'200)
189'426
2'061'609
4'012'176
(63'797)
(1'007'536)
(51'870)
(435'474)
3'005'500
(584'935)
449'200
36'927
2'000'000
175'993
(809'152)
Target Price
80
76
81
68
#N/A N/A
74
68
72
59
62
80
75
75
#N/A N/A
85
71
75
80
70
#N/A N/A
77
#N/A N/A
78
69
70
#N/A N/A
#N/A N/A
File Dt
28.02.2013
31.01.2013
24.04.2013
23.04.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
02.03.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
12 month
12 month
6 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
23.04.2013
17.04.2013
17.04.2013
15.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
20.12.2012
16.12.2010
30.04.2013
Price/Volume
250
1.4 M
1.2 M
200
1.0 M
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (29.04.2013)
52-Week Low (04.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 18.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
BIIB UW EQUITY YTD Change
BIIB UW EQUITY YTD % CHANGE
12/2012
12/yy
225.00
126.43
513'282.00
223.61
-0.62%
76.86%
98.59%
237.4
53'079.38
1'140.78
0.0
2.3
3'742.37
53'331.82
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
.8 M
100
.6 M
.4 M
50
31.12.2009
31.12.2010
4'377.3
4'716.4
3.06x
3.27x
1'723.4
1'923.1
7.77x
8.03x
970.1
1'005.3
16.08x
14.09x
Profitability
LTM-4Q
31.12.2011
5'048.6
4.87x
2'138.7
11.50x
1'234.4
21.22x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'516.5
5.81x
2'204.1
14.53x
1'380.0
25.62x
2'204.13
1'838.48
33.33%
33.55%
15.60%
22.05%
0.59%
90.1%
41.7%
35.0%
25.0%
1.96
1.44
11.26%
16.39%
7.84
1.29
12/yy
5'048.6
17.24x
2'138.7
11.50x
1'234.4
21.26x
.0 M
j-12
j-12
a-12
s-12
LTM
12/yy
5'516.5
22.83x
2'204.1
14.53x
1'380.0
25.77x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.96
237.05
2.67
66.86%
52.46%
0.961
31
4.194
521'267
469'511
459'903
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
6'500.9
7'621.9
1'570.0
1'710.5
8.11x
6.62x
2'710.1
3'482.4
596.6
701.4
19.68x
15.31x
1'884.7
2'320.0
436.8
490.9
28.12x
22.61x
26.24x
24.59x
S&P Issuer Ratings
17.04.2013
ASTABLE
35.61
31.50
0.11
0.39
16.4%
14.1%
0.59
3.36
46.53
282.14
86.41
194.63
Sales/Revenue/Turnover
30.00
6'000.0
25.00
5'000.0
20.00
4'000.0
15.00
3'000.0
10.00
2'000.0
5.00
1'000.0
0.00
01.01.2010
.2 M
0
a-12 m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
150
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
PRIMECAP MANAGEMENT
CAPITAL GROUP COMPAN
STATE STREET
BLACKROCK
JP MORGAN
VANGUARD GROUP INC
CLEARBRIDGE INVESTME
T ROWE PRICE ASSOCIA
JENNISON ASSOCIATES
MARSICO CAPITAL MANA
LEGG MASON INC
WELLINGTON MANAGEMEN
AMERIPRISE FINANCIAL
WINSLOW CAPITAL MANA
INVESCO LTD
NORTHERN TRUST CORPO
ALLIANCE BERNSTEIN
BANK OF NEW YORK MEL
VIKING GLOBAL INVEST
Firm Name
JMP Securities
RBC Capital Markets
Leerink Swann & Co
BMO Capital Markets
Deutsche Bank
Robert W. Baird & Co
Cowen and Company
Morgan Stanley
JPMorgan
Stifel
Wells Fargo Securities, LLC
William Blair & Co
Piper Jaffray
Oppenheimer & Co
Sanford C. Bernstein & Co
Barclays
Brean Murray Carret & Co
Credit Suisse
Canaccord Genuity Corp
Jefferies
Goldman Sachs
Guggenheim Securities LLC
Argus Research Corp
ISI Group
Lazard Capital Markets
Summer Street Research Partners
EVA Dimensions
S&P Capital IQ
First Global Stockbroking
Pareto Securities
BWS Financial
Portfolio Name
n/a
PRIMECAP MANAGEMENT
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
CLEARBRIDGE INVESTME
T ROWE PRICE ASSOCIA
JENNISON ASSOCIATES
MARSICO CAPITAL MANA
Multiple Portfolios
WELLINGTON MANAGEMEN
AMERIPRISE FINANCIAL
WINSLOW CAPITAL MANA
n/a
NORTHERN TRUST CORPO
n/a
BANK OF NEW YORK MEL
VIKING GLOBAL INVEST
Analyst
JOHN L NEWMAN
MICHAEL J YEE
MARKO KOZUL
JIM BIRCHENOUGH
ROBYN KARNAUSKAS
CHRISTOPHER J RAYMOND
ERIC SCHMIDT
MARSHALL URIST
GEOFFREY MEACHAM
JOEL D SENDEK
BRIAN C ABRAHAMS
JOHN S SONNIER
M IAN SOMAIYA
DAVID FERREIRO
GEOFFREY C PORGES
CHARLES ANTHONY BUTLER
GENE MACK
RAVI MEHROTRA
RITU BARAL
THOMAS WEI
TERENCE FLYNN
BRET HOLLEY
JOHN M EADE
MARK J SCHOENEBAUM
WILLIAM TANNER
CAROL A WERTHER
ANDREW S ZAMFOTIS
STEVEN SILVER
KAVITA THOMAS
YILMAZ MAHSHID
HAMED KHORSAND
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
MF-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
Recommendation
market outperform
outperform
outperform
market perform
buy
neutral
outperform
Overwt/In-Line
neutral
buy
market perform
outperform
neutral
market perform
market perform
overweight
buy
outperform
buy
buy
buy/attractive
neutral
buy
buy
neutral
neutral
buy
hold
moderate outperform
hold
buy
Amt Held
23'263'262
20'849'653
15'648'294
13'534'995
12'591'562
11'607'216
10'619'992
9'638'356
8'899'722
5'726'910
5'113'956
4'462'281
4'442'767
4'288'109
3'800'651
3'351'094
3'224'018
2'898'755
2'823'765
2'725'961
% Out
9.84
8.82
6.62
5.73
5.33
4.91
4.49
4.08
3.77
2.42
2.16
1.89
1.88
1.81
1.61
1.42
1.36
1.23
1.19
1.15
Weighting
Change
4
5
5
3
5
3
5
5
3
5
3
5
3
3
3
5
5
5
5
5
5
3
5
5
3
3
5
3
4
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
362'835
(285'460)
(1'644'806)
234'509
(215'726)
883'364
283'554
(609'681)
206'053
1'901'232
(1'159'058)
(94'247)
(712'695)
(983'499)
384'184
(361'833)
5'432
550'054
(81'304)
725'938
Target Price
240
215
#N/A N/A
227
240
190
#N/A N/A
188
210
202
#N/A N/A
#N/A N/A
179
160
203
210
219
225
206
215
211
158
195
159
#N/A N/A
#N/A N/A
#N/A N/A
154
#N/A N/A
#N/A N/A
#N/A N/A
File Dt
Inst Type
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
6 month
12 month
Not Provided
Not Provided
12 month
18 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Date
25.04.2013
24.04.2013
24.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
17.04.2013
16.04.2013
15.04.2013
15.04.2013
04.04.2013
04.04.2013
01.04.2013
28.03.2013
27.03.2013
22.03.2013
20.03.2013
12.02.2013
06.02.2013
29.01.2013
15.01.2013
18.10.2012
27.02.2012
10.01.2012
11.12.2009
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (21.03.2013)
52-Week Low (01.08.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 24.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
BMC UW EQUITY YTD Change
BMC UW EQUITY YTD % CHANGE
03/2012
12/yy
47.89
35.50
643'749.00
45.43
-5.14%
27.97%
80.15%
142.9
6'491.45
821.60
0.0
0.0
1'583.00
6'618.55
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.0 M
2.5 M
2.0 M
1.5 M
1.0 M
.5 M
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12
LTM-4Q
31.03.2009
31.03.2010
1'871.9
1'911.2
2.84x
3.06x
634.4
684.9
8.39x
8.54x
238.1
406.1
17.84x
17.45x
Profitability
31.03.2011
2'065.3
3.61x
722.8
10.32x
456.2
21.72x
31.03.2012
2'172.0
2.64x
768.5
7.46x
401.0
17.02x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
768.50
543.90
25.04%
24.40%
7.82%
30.66%
19.06%
0.52%
73.8%
31.9%
21.2%
18.5%
1.54
1.41
16.89%
56.83%
6.77
-
12/yy
2'169.5
11.79x
796.1
5.50x
452.8
12.48x
LTM
12/yy
2'197.5
10.64x
701.7
8.24x
328.9
18.20x
FY+1
0.00
1.01
141.16
10.04
10.11%
14.55%
1.012
13
3.538
797'529
574'702
590'254
FY+2
FQ+1
FQ+2
03/13 Y
03/14 Y
03/13 Q4 06/13 Q1
2'227.1
2'324.8
594.2
532.5
2.84x
2.50x
10.60x
11.48x
831.0
878.7
222.0
203.5
7.96x
7.53x
7.28x
7.21x
535.1
562.3
137.8
120.4
13.08x
11.78x
11.92x
11.63x
S&P Issuer Ratings
22.07.2010
BBB+
STABLE
27.25
26.31
0.18
1.86
56.8%
36.2%
0.52
25.26
54.04
25.07
-
Sales/Revenue/Turnover
16.00
2'500.0
14.00
2'000.0
12.00
10.00
1'500.0
8.00
1'000.0
6.00
4.00
500.0
2.00
0.00
03.04.2009
0.0
03.10.2009
03.04.2010
03.10.2010
03.04.2011
03.10.2011
03.04.2012
03.10.2012
03.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
MACQUARIE GROUP
ELLIOTT MANAGEMENT C
DODGE & COX
VANGUARD GROUP INC
STATE STREET
BLACKROCK
CRAMER ROSENTHAL MCG
GLENVIEW CAPITAL MAN
INVESCO LTD
LAZARD ASSET MANAGEM
WELLINGTON MANAGEMEN
RENAISSANCE TECHNOLO
BESSEMER GROUP INCOR
MORGAN STANLEY
NORTHERN TRUST CORPO
D E SHAW & COMPANY I
BANK OF NEW YORK MEL
FEDERATED INVESTORS
TIAA CREF INVESTMENT
NORGES BANK
Firm Name
Janney Montgomery Scott LLC
Raymond James
Cowen and Company
Jefferies
Lazard Capital Markets
RBC Capital Markets
Evercore Partners
Mizuho Securities USA Inc
EVA Dimensions
Oppenheimer & Co
Credit Suisse
JPMorgan
Susquehanna Financial Group
Portfolio Name
n/a
n/a
DODGE & COX
VANGUARD GROUP INC
n/a
n/a
CRAMER ROSENTHAL MCG
GLENVIEW CAPITAL MAN
n/a
n/a
WELLINGTON MANAGEMEN
RENAISSANCE TECHNOLO
BESSEMER GROUP INCOR
n/a
NORTHERN TRUST CORPO
D E SHAW & CO
BANK OF NEW YORK MEL
FEDERATED INVESTORS
TIAA-CREF INVESTMENT
NORGES BANK
Analyst
YUN KIM
MICHAEL TURITS
GREGG MOSKOWITZ
AARON SCHWARTZ
JOEL P FISHBEIN JR
MATTHEW HEDBERG
STEWART KIRK MATERNE III
ABHEY R LAMBA
ANDREW S ZAMFOTIS
SHAUL EYAL
PHILIP WINSLOW
JOHN DIFUCCI
J DERRICK WOOD
Source
ULT-AGG
13D
13F
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
Recommendation
buy
market perform
neutral
buy
neutral
outperform
equalweight
neutral
underweight
outperform
neutral
neutral
Positive
Amt Held
14'177'031
13'697'300
12'687'878
9'082'343
8'027'024
7'494'046
5'600'796
5'210'579
3'963'393
3'848'078
3'419'033
3'382'300
2'703'247
2'114'478
1'908'484
1'707'305
1'527'077
1'470'773
1'342'552
1'336'072
% Out
9.92
9.59
8.88
6.36
5.62
5.24
3.92
3.65
2.77
2.69
2.39
2.37
1.89
1.48
1.34
1.19
1.07
1.03
0.94
0.94
Weighting
Change
5
3
3
5
3
5
3
3
1
5
3
3
4
M
M
M
M
M
M
M
M
D
M
M
M
M
Latest Chg
307'300
(556'400)
(160'314)
22'608
(429'057)
(504'144)
(102'900)
(102'651)
(874'326)
(125'847)
129'500
(5'163)
1'467'673
(36'314)
310'049
(82'722)
1'444'264
39'488
81'326
Target Price
52
#N/A N/A
#N/A N/A
48
#N/A N/A
47
44
46
#N/A N/A
44
40
34
50
File Dt
11.02.2013
08.04.2013
31.12.2012
31.03.2013
24.04.2013
23.04.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
Date
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
18 month
Not Provided
6 month
12 month
Inst Type
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Unclassified
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Government
Date
09.04.2013
09.04.2013
09.04.2013
08.04.2013
08.04.2013
04.04.2013
03.04.2013
21.03.2013
18.03.2013
06.03.2013
29.01.2013
29.01.2013
29.01.2013
30.04.2013
Broadcom Corp
Broadcom Corporation provides integrated silicon solutions that enable broadband
digital data transmission of voice, data, and video content to the home and
within the business enterprise. The Company designs, develops, and supplies
integrated circuits for cable set-top boxes, cable modems, high-speed
networking, direct satellite and digital broadcast, and digital subscriber line.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (03.05.2012)
52-Week Low (17.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
BRCM UW EQUITY YTD Change
BRCM UW EQUITY YTD % CHANGE
12/2012
03/yy
37.25
28.60
2'533'911.00
35.415
-4.93%
23.83%
78.79%
521.0
20'221.96
1'693.00
0.0
0.0
3'722.00
17'989.97
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
8.0 M
35
7.0 M
30
6.0 M
25
5.0 M
20
4.0 M
15
3.0 M
10
2.0 M
1.0 M
0
a-12
31.12.2009
31.12.2010
4'490.3
6'818.3
2.85x
2.95x
356.1
1'291.0
35.95x
15.57x
65.3
1'081.8
76.76x
20.94x
Profitability
LTM-4Q
31.12.2011
7'389.0
1.62x
1'260.0
9.52x
927.0
16.49x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
8'006.0
2.11x
1'297.0
13.01x
719.0
22.90x
1'297.00
852.00
10.64%
8.19%
7.84%
11.02%
0.78%
49.7%
16.5%
10.9%
9.0%
2.25
1.85
15.11%
21.60%
10.81
8.21
03/yy
7'400.0
8.02x
1'201.0
15.57x
787.0
23.96x
j-12
j-12
a-12
s-12
LTM
03/yy
8'184.0
8.59x
1'353.0
12.96x
822.0
23.27x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.16
1.13
519.68
7.35
-2.03%
6.99%
1.131
50
4.440
2'955'501
1'969'145
2'220'868
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
8'629.0
9'457.0
2'100.3
2'243.9
2.14x
1.80x
9.15x
8.45x
1'577.6
1'767.2
375.4
420.4
11.40x
10.18x
11.09x
10.81x
1'779.5
1'967.9
425.3
470.9
12.24x
11.49x
12.20x
12.00x
S&P Issuer Ratings
11.08.2011
ASTABLE
43.23
35.10
-1.65
1.25
21.6%
17.8%
0.78
17.97
33.76
44.46
51.91
31.61
Sales/Revenue/Turnover
20.00
9'000.0
18.00
8'000.0
16.00
7'000.0
14.00
6'000.0
12.00
5'000.0
10.00
4'000.0
8.00
3'000.0
6.00
2'000.0
4.00
1'000.0
2.00
0.00
01.01.2010
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
40
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Broadcom Corp
Holdings By:
All
Holder Name
T ROWE PRICE ASSOCIA
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
JP MORGAN
CAPITAL GROUP COMPAN
CLEARBRIDGE INVESTME
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
INVESCO LTD
WELLS FARGO
TIAA CREF INVESTMENT
NORTHERN TRUST CORPO
LEGG MASON INC
LORD ABBETT & CO LLC
AMERIPRISE FINANCIAL
CITADEL ADVISORS LLC
HARBOR CAPITAL ADVIS
OPPENHEIMERFUNDS INC
Firm Name
BMO Capital Markets
Societe Generale
Morgan Stanley
Brean Murray Carret & Co
Credit Suisse
D.A. Davidson & Co
JPMorgan
Jefferies
Needham & Co
Pacific Crest Securities
Robert W. Baird & Co
Sanford C. Bernstein & Co
Wedbush
William Blair & Co
Raymond James
FBR Capital Markets
Macquarie
B Riley & Company, Inc
Stifel
Oppenheimer & Co
Mizuho Securities USA Inc
Wells Fargo Securities, LLC
Cowen and Company
JMP Securities
Lazard Capital Markets
Williams Financial Group
Susquehanna Financial Group
Piper Jaffray
Benchmark Company LLC
Exane BNP Paribas
Credit Agricole Securities (USA)
Barclays
EVA Dimensions
Drexel Hamilton LLC
Deutsche Bank
Goldman Sachs
RBC Capital Markets
Canaccord Genuity Corp
Evercore Partners
ISI Group
Nomura
MKM Partners
Edward Jones
Portfolio Name
T ROWE PRICE ASSOCIA
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
CLEARBRIDGE INVESTME
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
n/a
n/a
TIAA-CREF INVESTMENT
NORTHERN TRUST CORPO
Multiple Portfolios
LORD ABBETT & CO LLC
AMERIPRISE FINANCIAL
CITADEL ADVISORS LLC
Multiple Portfolios
OPPENHEIMER FUNDS IN
Analyst
AMBRISH SRIVASTAVA
PETER KNOX
JOSEPH MOORE
MIKE BURTON
JOHN W PITZER
AALOK K SHAH
HARLAN SUR
MARK J LIPACIS
N QUINN BOLTON
MICHAEL MCCONNELL
TRISTAN GERRA
STACY A RASGON
BETSY VAN HEES
ANIL K DORADLA
J STEVEN SMIGIE
CHRISTOPHER ROLLAND
SHAWN WEBSTER
CRAIG ELLIS
KEVIN E CASSIDY
RICHARD SCHAFER
RUBEN ROY
DAVID M WONG
TIMOTHY M ARCURI
ALEX GAUNA
DANIEL L AMIR
CODY G ACREE
CHRISTOPHER CASO
AUGUSTE P RICHARD
GARY W MOBLEY
JEROME RAMEL
SRINI PAJJURI
BLAYNE CURTIS
ANDREW S ZAMFOTIS
RICHARD WHITTINGTON
ROSS C SEYMORE
JAMES SCHNEIDER
DOUG FREEDMAN
ROBERT BURLESON
PATRICK WANG
SUMIT DHANDA
ROMIT SHAH
DANIEL A BERENBAUM
WILLIAM C KREHER
Source
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
MF-AGG
13F
13F
13F
MF-AGG
13F
Recommendation
outperform
hold
Overwt/In-Line
buy
outperform
buy
overweight
buy
buy
outperform
outperform
outperform
outperform
outperform
market perform
outperform
neutral
buy
buy
outperform
buy
market perform
outperform
market outperform
buy
buy
Positive
overweight
buy
underperform
outperform
underweight
underweight
hold
buy
buy/attractive
outperform
buy
overweight
buy
buy
buy
buy
Amt Held
34'885'074
33'275'931
32'676'043
28'348'920
23'812'841
21'655'616
17'545'581
15'680'788
13'125'552
12'334'225
9'534'005
8'024'799
7'935'621
6'958'491
6'634'244
6'251'821
5'482'859
4'949'433
4'704'744
4'551'715
% Out
6.7
6.39
6.27
5.44
4.57
4.16
3.37
3.01
2.52
2.37
1.83
1.54
1.52
1.34
1.27
1.2
1.05
0.95
0.9
0.87
Weighting
Change
5
3
5
5
5
5
5
5
5
5
5
5
5
5
3
5
3
5
5
5
5
3
5
4
5
5
4
5
5
1
5
1
1
3
5
5
5
5
5
5
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
D
M
M
M
M
M
M
M
M
M
Latest Chg
(1'518'740)
2'364'108
1'015'457
875'036
4'153'157
1'660'764
(152'306)
(862'301)
322'664
(1'754'943)
(2'636)
2'374'769
176'864
69'246
97'009
665'488
795'681
(10'611)
46'990
Target Price
40
37
40
40
45
44
45
40
39
44
40
41
38
#N/A N/A
#N/A N/A
42
36
45
45
45
40
#N/A N/A
#N/A N/A
38
45
40
39
51
40
32
40
28
#N/A N/A
38
41
40
45
40
40
41
38
43
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
12 month
12 month
12 month
Not Provided
18 month
6 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Date
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
17.04.2013
30.04.2013
CA Inc
CA, Inc. designs, develops, markets, licenses, and supports standardized
computer software products. The Company's products are used with mainframe
computers and in client/server environments. CA offers various enterprise
systems management, information management, and business applications solutions
to a variety of organizations.
Price/Volume
30
20
15
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (14.09.2012)
52-Week Low (16.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 17.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
CA UW EQUITY YTD Change
CA UW EQUITY YTD % CHANGE
03/2012
12/yy
27.58
21.49
870'856.00
26.63
-3.44%
23.95%
84.41%
455.9
12'141.25
1'301.00
0.0
0.0
2'679.00
10'894.25
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10
5
0
a-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.03.2009
31.03.2010
4'271.0
4'227.0
1.93x
2.58x
1'502.0
1'572.0
5.49x
6.95x
671.0
771.0
11.91x
15.52x
Profitability
31.03.2011
4'429.0
2.36x
1'624.0
6.45x
827.0
14.18x
31.03.2012
4'814.0
2.38x
1'805.0
6.35x
951.0
13.52x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
1'805.00
1'404.00
29.16%
28.13%
7.91%
16.59%
13.88%
0.40%
86.6%
39.2%
30.3%
19.8%
1.06
0.95
10.84%
24.11%
5.76
-
12/yy
4'754.0
7.81x
1'796.0
4.72x
928.0
10.26x
LTM
12/yy
4'680.0
9.01x
1'836.0
4.72x
924.0
10.19x
FY+1
3.76
1.07
327.85
7.68
5.02%
22.37%
1.068
13
3.308
918'216
900'310
944'725
FY+2
FQ+1
FQ+2
03/13 Y
03/14 Y
03/13 Q4 06/13 Q1
4'639.5
4'666.5
1'141.6
1'140.8
2.20x
2.16x
1'733.7
1'777.3
402.5
443.0
6.28x
6.13x
6.07x
5.86x
1'109.0
1'125.4
252.4
278.8
11.04x
10.54x
10.79x
10.50x
S&P Issuer Ratings
11.04.2011
BBB+
STABLE
28.20
27.08
-0.68
0.71
24.1%
19.4%
0.40
12.89
63.58
46.18
-
Sales/Revenue/Turnover
12.00
6'000.0
10.00
5'000.0
8.00
4'000.0
6.00
3'000.0
4.00
2'000.0
2.00
1'000.0
0.00
03.04.2009
m-12
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
5.0 M
4.5 M
4.0 M
3.5 M
3.0 M
2.5 M
2.0 M
1.5 M
1.0 M
.5 M
.0 M
25
0.0
03.10.2009
03.04.2010
03.10.2010
03.04.2011
03.10.2011
03.04.2012
03.10.2012
03.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
CA Inc
Holdings By:
All
Holder Name
CAREAL HOLDING AG
NWQ INVESTMENT MANAG
STATE STREET
BLACKROCK
VANGUARD GROUP INC
ALLIANZ ASSET MANAGE
BANK OF NEW YORK MEL
JANUS CAPITAL MANAGE
HOTCHKIS & WILEY CAP
INVESCO LTD
BARROW HANLEY MEWHIN
AMERICAN INTERNATION
NORTHERN TRUST CORPO
T ROWE PRICE ASSOCIA
ROBECO INVESTMENT MG
CREDIT SUISSE AG
AJO, LP
MANAGED ACCOUNT ADVI
NORDEA INV MANAGEMEN
LSV ASSET MANAGEMENT
Firm Name
Sanford C. Bernstein & Co
Lazard Capital Markets
Mizuho Securities USA Inc
RBC Capital Markets
Evercore Partners
JPMorgan
Jefferies
Raymond James
Oppenheimer & Co
Credit Suisse
EVA Dimensions
Cowen and Company
Portfolio Name
n/a
NWQ INVESTMENT MANAG
n/a
n/a
VANGUARD GROUP INC
n/a
BANK OF NEW YORK MEL
n/a
HOTCHKIS AND WILEY
n/a
BARROW HANLEY MEWHIN
n/a
NORTHERN TRUST CORPO
T ROWE PRICE ASSOCIA
ROBECO INVESTMENT MA
CREDIT SUISSE AG
AJO, LP
MANAGED ACCOUNT ADVI
NORDEA INVESTMENT MA
LSV ASSET MANAGEMENT
Analyst
MARK L MOERDLER
JOEL P FISHBEIN JR
ABHEY R LAMBA
MATTHEW HEDBERG
STEWART KIRK MATERNE III
JOHN DIFUCCI
AARON SCHWARTZ
MICHAEL TURITS
SHAUL EYAL
PHILIP WINSLOW
ANDREW S ZAMFOTIS
GREGG MOSKOWITZ
Source
13D
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
underperform
neutral
neutral
sector perform
equalweight
overweight
hold
market perform
outperform
neutral
buy
neutral
Amt Held
125'813'380
22'342'814
20'199'388
19'880'570
15'094'662
13'647'566
9'143'821
7'990'175
6'430'928
6'086'388
5'699'040
4'609'383
4'526'919
4'417'122
4'295'400
3'704'282
3'683'900
3'564'380
3'514'011
3'465'251
% Out
27.6
4.9
4.43
4.36
3.31
2.99
2.01
1.75
1.41
1.33
1.25
1.01
0.99
0.97
0.94
0.81
0.81
0.78
0.77
0.76
Weighting
Change
1
3
3
3
3
5
3
3
5
3
5
3
M
M
D
M
M
M
M
M
M
M
M
M
Latest Chg
(5'173'367)
285'348
683'951
(922'596)
310'165
3'604'277
342'966
(1'075'420)
32'440
4'363'449
(64'061)
3'890'100
(493'237)
862'627
(329'700)
(813'813)
(21'195)
(250'300)
Target Price
20
#N/A N/A
25
27
27
34
26
#N/A N/A
26
22
#N/A N/A
#N/A N/A
File Dt
04.07.2012
31.12.2012
24.04.2013
23.04.2013
31.03.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.03.2013
Date
12 month
Not Provided
12 month
12 month
12 month
6 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Corporation
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
12.04.2013
08.04.2013
07.04.2013
04.04.2013
03.04.2013
28.02.2013
23.01.2013
23.01.2013
23.01.2013
22.01.2013
15.01.2013
14.12.2012
30.04.2013
Catamaran Corp
Catamaran Corporation provides pharmacy benefits management (PBM)
services and healthcare IT solutions to the healthcare benefits management
industry. The Company's product offerings and solutions combine a wide range of
software applications, application service provider (ASP) processing services,
and professional services.
Price/Volume
6.0 M
5.0 M
4.0 M
30
12/2012
12/yy
57.40
41.68
249'106.00
56.61
-1.38%
35.84%
94.98%
205.5
11'631.37
1'173.40
0.0
2.8
370.78
12'436.75
3.0 M
20
2.0 M
10
1.0 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
7.0 M
50
40
Valuation Analysis
31.12.2008
862.9
0.50x
38.4
11.20x
15.1
20.76x
60
31.12.2009
31.12.2010
1'438.6
1'948.4
0.92x
1.19x
91.1
114.8
14.52x
20.19x
46.1
64.7
28.41x
41.60x
Profitability
LTM-4Q
31.12.2011
4'975.5
0.64x
166.4
19.06x
91.8
38.59x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
9'940.1
1.05x
367.4
28.48x
116.7
54.05x
367.37
217.02
2.18%
1.91%
2.77%
4.42%
2.36%
7.4%
3.7%
2.2%
1.2%
1.25
0.88
15.89%
25.47%
20.57
941.67
LTM
12/yy
4'975.5
2.55x
166.5
19.06x
91.8
38.85x
12/yy
9'940.1
3.23x
367.4
28.48x
116.7
54.05x
FY+1
0.94
204.57
2.40
24.99%
20.17%
0.938
26
4.346
314'678
344'491
393'255
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
14'511.3
16'280.9
3'524.3
3'583.1
0.84x
0.73x
3.50x
3.44x
672.5
830.5
149.7
160.0
18.49x
14.98x
18.57x
17.43x
391.4
498.7
85.6
92.9
30.29x
24.04x
30.31x
28.15x
S&P Issuer Ratings
22.05.2012
BB
STABLE
13.77
12.26
2.18
3.19
25.5%
20.3%
2.36
156.71
17.79
0.39
13.24
4.94
Sales/Revenue/Turnover
80.00
12'000.0
70.00
10'000.0
60.00
8'000.0
50.00
40.00
6'000.0
30.00
4'000.0
20.00
2'000.0
10.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Catamaran Corp
Holdings By:
All
Holder Name
T ROWE PRICE ASSOCIA
FMR LLC
BLACKROCK
WELLINGTON MANAGEMEN
TIAA CREF INVESTMENT
WELLS FARGO
AMERICAN CENTURY COM
VANGUARD GROUP INC
BMO FINANCIAL CORP
TORONTO DOMINION BAN
INVESCO LTD
GREYSTONE MANAGED IN
JP MORGAN
ALLIANCE BERNSTEIN
HARTFORD INVESTMENT
PRUDENTIAL FINANCIAL
JENNISON ASSOCIATES
ROYAL BANK OF CANADA
STATE STREET
SUN LIFE FINANCIAL I
Firm Name
TD Securities
JPMorgan
ISI Group
Leerink Swann & Co
Maxim Group LLC
Raymond James
Jefferies
Oppenheimer & Co
Credit Suisse
Morgan Stanley
Dougherty & Company LLC
William Blair & Co
Paradigm Capital Inc
EVA Dimensions
Stonecap Securities Inc
BMO Capital Markets
SunTrust Robinson Humphrey
CIBC World Markets
Cantor Fitzgerald
Scotia Capital
Cowen and Company
JMP Securities
Goldman Sachs
Portfolio Name
T ROWE PRICE ASSOCIA
n/a
n/a
WELLINGTON MANAGEMEN
TIAA-CREF INVESTMENT
n/a
AMERICAN CENTURY COM
VANGUARD GROUP INC
BMO FINANCIAL CORP
TORONTO DOMINION BAN
n/a
GREYSTONE MANAGED IN
n/a
n/a
Multiple Portfolios
n/a
JENNISON ASSOCIATES
n/a
n/a
n/a
Analyst
LENNOX GIBBS
LISA C GILL
MICHAEL CHERNY
DAVID LARSEN
ANTHONY V VENDETTI
MICHAEL J BAKER
BRIAN TANQUILUT
BRET D JONES
GLEN SANTANGELO
RICKY GOLDWASSER
BROOKS O NEIL
AMANDA MURPHY
GABRIEL LEUNG
ANDREW S ZAMFOTIS
SCOTT RATTEE
JENNIFER LYNCH
DAVID S MACDONALD
STEPHANIE PRICE
TOM LISTON
PAUL STEEP
CHARLES RHYEE
TIM MCDONOUGH
ROBERT P JONES
Source
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
MF-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
Recommendation
buy
overweight
strong buy
outperform
buy
market perform
buy
market perform
outperform
Overwt/In-Line
buy
outperform
buy
sell
outperform
market perform
buy
sector perform
buy
sector perform
outperform
market outperform
buy/attractive
Amt Held
30'629'845
18'118'825
13'419'480
7'901'802
7'640'808
5'641'093
4'677'762
3'853'787
3'707'268
3'664'716
3'101'723
2'956'696
2'722'566
2'476'533
2'474'818
2'431'566
2'187'503
2'154'069
2'105'292
2'095'422
% Out
14.91
8.82
6.53
3.85
3.72
2.75
2.28
1.88
1.8
1.78
1.51
1.44
1.33
1.21
1.2
1.18
1.06
1.05
1.02
1.02
Weighting
Change
5
5
5
5
5
3
5
3
5
5
5
5
5
1
5
3
5
3
5
3
5
4
5
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
Latest Chg
343'251
(2'132'436)
4'044'482
1'064'159
(44'827)
3'610'116
2'102'769
274'344
2'929'645
135'274
1'565'958
(1'108'097)
(343'480)
(36'399)
246'729
866'943
79'571
349'437
Target Price
61
62
60
#N/A N/A
66
#N/A N/A
65
#N/A N/A
61
62
75
#N/A N/A
64
#N/A N/A
63
59
62
60
65
58
#N/A N/A
65
62
File Dt
31.12.2012
28.02.2013
23.04.2013
31.12.2012
31.12.2012
28.02.2013
31.03.2013
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
28.02.2013
28.02.2013
31.12.2012
31.12.2012
24.04.2013
28.02.2013
Date
12 month
6 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Bank
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
18.04.2013
17.04.2013
16.04.2013
11.04.2013
02.04.2013
01.04.2013
26.03.2013
15.03.2013
01.03.2013
01.03.2013
01.03.2013
01.03.2013
01.03.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
22.01.2013
30.04.2013
Celgene Corp
Celgene Corporation is a global biopharmaceutical company. The Company focuses
on the discovery, development, and commercialization of therapies designed to
treat cancer and immune-inflammatory related diseases.
Price/Volume
140
8.0 M
120
7.0 M
100
6.0 M
5.0 M
80
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (23.04.2013)
52-Week Low (21.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 07.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
CELG UW EQUITY YTD Change
CELG UW EQUITY YTD % CHANGE
12/2012
12/yy
128.52
58.53
904'829.00
118.47
-7.82%
102.41%
85.64%
418.7
49'608.66
3'079.79
0.0
0.0
3'900.27
48'852.26
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.0 M
40
2.0 M
20
1.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
4.0 M
60
31.12.2009
31.12.2010
2'689.9
3'625.7
8.39x
7.30x
967.6
1'296.0
23.33x
20.43x
776.7
880.5
32.72x
25.83x
Profitability
LTM-4Q
31.12.2011
4'842.1
5.93x
1'663.3
17.27x
1'318.2
22.61x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'506.7
5.83x
2'198.8
14.61x
1'456.2
19.57x
2'198.84
1'915.39
34.78%
30.54%
13.40%
25.99%
18.78%
0.51%
94.6%
39.1%
34.1%
26.4%
3.27
2.88
26.25%
54.08%
5.78
1.33
12/yy
4'842.1
22.09x
1'663.3
17.27x
1'318.2
22.02x
LTM
12/yy
5'506.7
22.51x
2'198.8
14.61x
1'456.2
20.12x
FY+1
0.00
0.76
417.31
5.80
62.47%
50.50%
0.757
33
4.606
1'188'950
895'583
943'446
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
6'148.0
7'036.2
1'536.4
1'552.6
7.63x
6.35x
3'065.0
3'551.6
748.8
747.2
15.94x
13.76x
2'460.0
2'876.9
610.7
612.8
20.64x
17.17x
20.07x
19.57x
S&P Issuer Ratings
04.10.2010
BBB+
STABLE
07.09.2011
A-2
34.79
32.25
-0.37
1.40
54.1%
35.1%
0.51
10.16
63.34
274.73
132.49
205.59
Sales/Revenue/Turnover
35.00
6'000.0
30.00
5'000.0
25.00
4'000.0
20.00
3'000.0
15.00
2'000.0
10.00
1'000.0
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Celgene Corp
Holdings By:
All
Holder Name
BLACKROCK
STATE STREET
VANGUARD GROUP INC
JANUS CAPITAL MANAGE
CAPITAL GROUP COMPAN
T ROWE PRICE ASSOCIA
JP MORGAN
INVESCO LTD
FMR LLC
WINSLOW CAPITAL MANA
WELLS FARGO
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
AMERIPRISE FINANCIAL
TIAA CREF INVESTMENT
ALLIANZ ASSET MANAGE
CARMIGNAC GESTION
EDGEWOOD MANAGEMENT
WELLINGTON MANAGEMEN
MACKAY SHIELDS LLC
Firm Name
Robert W. Baird & Co
BMO Capital Markets
JMP Securities
Cantor Fitzgerald
JPMorgan
Goldman Sachs
Piper Jaffray
Sanford C. Bernstein & Co
Jefferies
RBC Capital Markets
William Blair & Co
Morgan Stanley
Leerink Swann & Co
Stifel
Wells Fargo Securities, LLC
Deutsche Bank
Credit Suisse
Oppenheimer & Co
Wallachbeth Capital LLC
Lazard Capital Markets
Cowen and Company
Brean Murray Carret & Co
Guggenheim Securities LLC
Barclays
ISI Group
S&P Capital IQ
Argus Research Corp
Summer Street Research Partners
EVA Dimensions
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
n/a
WINSLOW CAPITAL MANA
n/a
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
AMERIPRISE FINANCIAL
TIAA-CREF INVESTMENT
n/a
CARMIGNAC GESTION
EDGEWOOD MANAGEMENT
WELLINGTON MANAGEMEN
Multiple Portfolios
Analyst
CHRISTOPHER J RAYMOND
JIM BIRCHENOUGH
MICHAEL G KING JR
MARA GOLDSTEIN
GEOFFREY MEACHAM
TERENCE FLYNN
M IAN SOMAIYA
GEOFFREY C PORGES
THOMAS WEI
MICHAEL J YEE
JOHN S SONNIER
MARSHALL URIST
HOWARD LIANG
JOEL D SENDEK
BRIAN C ABRAHAMS
ROBYN KARNAUSKAS
RAVI MEHROTRA
BORIS PEAKER
DIFEI YANG
JOSHUA SCHIMMER
ERIC SCHMIDT
GENE MACK
BRET HOLLEY
YING HUANG
MARK J SCHOENEBAUM
STEVEN SILVER
JOHN M EADE
CAROL A WERTHER
ANDREW S ZAMFOTIS
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
MF-AGG
Recommendation
outperform
outperform
market outperform
buy
overweight
neutral/attractive
overweight
outperform
buy
outperform
outperform
Overwt/In-Line
outperform
buy
outperform
buy
neutral
market perform
hold
buy
outperform
buy
buy
overweight
buy
strong buy
hold
buy
buy
Amt Held
24'465'445
23'863'651
19'257'251
18'865'806
12'321'174
11'021'127
8'546'044
7'446'148
7'170'974
6'951'282
6'680'823
6'185'724
5'932'771
5'654'758
5'006'788
4'803'055
4'689'500
4'472'808
4'391'058
4'022'097
% Out
5.84
5.7
4.6
4.51
2.94
2.63
2.04
1.78
1.71
1.66
1.6
1.48
1.42
1.35
1.2
1.15
1.12
1.07
1.05
0.96
Weighting
Change
5
5
4
5
5
3
5
5
5
5
5
5
5
5
5
5
3
3
3
5
5
5
5
5
5
5
3
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
D
M
M
M
M
M
M
M
D
M
M
Latest Chg
142'297
296'196
(5'121'865)
(1'838'326)
343'769
518'773
(263'255)
2'189'655
(98'854)
2'464'738
525'986
(127'088)
(213'700)
(284'437)
(953'970)
4'689'500
(1'123'361)
(808'227)
(36'750)
Target Price
130
143
130
142
150
110
140
141
140
115
#N/A N/A
115
#N/A N/A
127
#N/A N/A
143
125
#N/A N/A
99
128
#N/A N/A
115
122
113
95
125
#N/A N/A
122
#N/A N/A
File Dt
23.04.2013
24.04.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
28.02.2013
31.12.2012
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
Date
12 month
Not Provided
12 month
12 month
6 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
23.04.2013
22.04.2013
19.04.2013
17.04.2013
17.04.2013
15.04.2013
11.04.2013
10.04.2013
10.04.2013
08.04.2013
08.04.2013
08.04.2013
08.04.2013
05.04.2013
04.04.2013
02.04.2013
25.03.2013
07.03.2013
05.03.2013
04.03.2013
04.03.2013
04.03.2013
28.02.2013
20.02.2013
28.01.2013
25.01.2013
15.01.2013
30.04.2013
Cerner Corp
Cerner Corporation is a worldwide supplier of healthcare solutions and
services. The Company's Solutions are designed to optimize clinical and
financial outcomes for healthcare organizations ranging from single-doctor
practices, to health systems, to entire countries, for the pharmaceutical and
medical device industries, and for the healthcare commerce system.
Price/Volume
120
12/2012
12/yy
97.52
67.66
225'373.00
94.79
-2.80%
40.10%
90.86%
171.9
16'292.45
196.14
0.0
0.0
1'036.79
15'469.68
1.2 M
1.0 M
.8 M
40
.6 M
.4 M
20
.2 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
LTM-4Q
31.12.2011
2'203.2
4.42x
672.4
14.48x
306.6
34.80x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'665.4
4.60x
794.2
15.43x
397.2
33.66x
794.24
571.66
21.45%
22.05%
12.12%
15.67%
14.85%
0.78%
77.2%
30.7%
22.2%
14.9%
3.09
2.78
5.29%
6.92%
5.16
31.86
12/yy
2'203.2
18.02x
672.4
14.48x
306.6
34.70x
LTM
12/yy
2'665.4
18.80x
794.2
15.43x
397.2
33.66x
FY+1
0.00
0.97
151.81
9.41
16.89%
22.09%
0.967
23
3.826
344'257
247'500
271'145
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
2'984.5
3'375.4
725.7
767.6
5.10x
4.39x
22.22x
20.90x
967.8
1'119.9
238.0
247.1
15.98x
13.81x
15.14x
14.35x
496.4
583.6
119.2
125.8
33.66x
28.86x
32.54x
31.13x
S&P Issuer Ratings
156.72
120.52
-0.99
0.22
6.9%
6.5%
0.78
4.91
70.50
11.42
81.60
24.16
Sales/Revenue/Turnover
30.00
3'000.0
25.00
2'500.0
20.00
2'000.0
15.00
1'500.0
10.00
1'000.0
5.00
500.0
0.00
08.01.2010
1.4 M
60
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
1.6 M
80
Valuation Analysis
31.12.2008
1'676.0
1.80x
449.4
6.70x
188.7
18.93x
1.8 M
100
0.0
08.07.2010
08.01.2011
08.07.2011
08.01.2012
08.07.2012
08.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Cerner Corp
Holdings By:
All
Holder Name
FMR LLC
PATTERSON NEAL L
SANDS CAPITAL MANAGE
VANGUARD GROUP INC
STATE STREET
BLACKROCK
ILLIG CLIFFORD W
WELLS FARGO
WINSLOW CAPITAL MANA
WELLINGTON MANAGEMEN
ARTISAN PARTNERS HOL
MANNING & NAPIER ADV
JP MORGAN
MACKAY SHIELDS LLC
INVESCO LTD
TCW GROUP INC
TOUCHSTONE ADVISORS
AMERICAN CENTURY COM
CAPITAL GROUP COMPAN
NORTHERN TRUST CORPO
Firm Name
Leerink Swann & Co
JPMorgan
Oppenheimer & Co
Maxim Group LLC
B Riley & Company, Inc
Cowen and Company
Lazard Capital Markets
First Analysis Corp
ISI Group
Jefferies
Robert W. Baird & Co
Piper Jaffray
Wells Fargo Securities, LLC
Raymond James
Avondale Partners LLC
William Blair & Co
Argus Research Corp
EVA Dimensions
Morgan Stanley
Credit Suisse
S&P Capital IQ
Portfolio Name
n/a
n/a
SANDS CAPITAL MANAGE
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
WINSLOW CAPITAL MANA
WELLINGTON MANAGEMEN
ARTISAN PARTNERS LP
MANNING & NAPIER ADV
n/a
Multiple Portfolios
n/a
TCW GROUP INCORPORAT
Multiple Portfolios
AMERICAN CENTURY COM
n/a
NORTHERN TRUST CORPO
Analyst
DAVID LARSEN
LISA C GILL
BRET D JONES
ANTHONY V VENDETTI
EUGENE MANNHEIMER
CHARLES RHYEE
STEVEN P HALPER
FRANK SPARACINO
MICHAEL CHERNY
DAVID H WINDLEY
ERIC W COLDWELL
SEAN W WIELAND
JAMIE STOCKTON
ALEXANDER Y DRAPER
RICHARD CLOSE
RYAN S DANIELS
DAVID H TOUNG
ANDREW S ZAMFOTIS
RICKY GOLDWASSER
GLEN SANTANGELO
JEFFREY LOO
Source
ULT-AGG
Form 4
13F
13F
ULT-AGG
ULT-AGG
Form 4
ULT-AGG
13F
13F
13F
13F
ULT-AGG
MF-AGG
ULT-AGG
13F
MF-AGG
13F
ULT-AGG
13F
Recommendation
market perform
overweight
underperform
hold
neutral
neutral
buy
overweight
neutral
buy
outperform
overweight
market perform
outperform
market outperform
outperform
buy
overweight
Equalwt/In-Line
neutral
strong buy
Amt Held
12'700'072
12'056'024
9'374'174
9'237'146
8'015'813
7'923'537
7'544'562
6'144'257
5'621'196
5'600'000
4'266'715
4'093'598
3'691'793
2'977'947
2'539'177
2'460'507
2'256'994
2'202'547
2'083'462
2'047'600
% Out
7.39
7.02
5.45
5.38
4.66
4.61
4.39
3.58
3.27
3.26
2.48
2.38
2.15
1.73
1.48
1.43
1.31
1.28
1.21
1.19
Weighting
Change
3
5
1
3
3
3
5
5
3
5
5
5
3
5
4
5
5
5
3
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
Latest Chg
2'767'147
(1'500)
1'320'072
627'280
231'405
399'128
69'812
(84'988)
(100'000)
34'300
(109'035)
728'801
(184'992)
(156'818)
162'795
126'000
579'437
(165'178)
(7'446)
Target Price
#N/A N/A
93
54
#N/A N/A
91
#N/A N/A
101
97
95
110
103
100
#N/A N/A
100
97
#N/A N/A
95
#N/A N/A
#N/A N/A
88
92
File Dt
28.02.2013
01.03.2013
31.12.2012
31.03.2013
24.04.2013
23.04.2013
01.03.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
28.02.2013
28.02.2013
31.12.2012
31.12.2012
28.03.2013
31.03.2013
31.12.2012
31.12.2012
Date
Not Provided
6 month
18 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
18 month
18 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
22.04.2013
18.04.2013
17.04.2013
17.04.2013
17.04.2013
16.04.2013
15.04.2013
12.04.2013
12.04.2013
01.04.2013
18.03.2013
13.03.2013
12.03.2013
07.03.2013
27.02.2013
12.02.2013
06.02.2013
05.02.2013
23.01.2013
30.04.2013
Price/Volume
80
50
1.5 M
40
12/2012
12/yy
67.93
50.82
217'782.00
58.84
-13.38%
15.78%
46.87%
159.2
9'368.75
321.66
0.0
0.0
210.02
9'480.40
1.0 M
30
20
.5 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
60
Valuation Analysis
31.12.2008
8'578.6
1.05x
602.8
14.87x
359.2
26.46x
2.5 M
70
31.12.2009
31.12.2010
7'577.2
9'274.3
1.25x
1.40x
615.3
652.2
15.45x
19.88x
360.8
387.0
25.87x
34.42x
Profitability
LTM-4Q
31.12.2011
10'336.3
1.07x
725.2
15.30x
431.6
26.54x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
11'359.1
0.91x
713.4
14.45x
593.8
20.52x
713.41
675.32
5.95%
8.44%
24.03%
43.14%
4.60%
8.4%
6.3%
5.9%
5.2%
1.36
1.32
11.47%
21.38%
8.73
-
LTM
12/yy
10'336.3
4.51x
725.2
15.30x
431.6
26.01x
12/yy
11'359.1
3.44x
713.4
14.45x
593.8
20.63x
FY+1
2.28
0.86
157.74
5.46
0.80%
-6.36%
0.858
32
3.313
336'967
425'468
532'295
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
12'979.0
14'106.3
2'969.5
3'360.5
0.71x
0.65x
3.18x
2.81x
842.0
935.2
190.9
213.1
11.26x
10.14x
11.32x
10.98x
488.3
544.6
109.7
124.0
19.24x
16.98x
19.22x
18.57x
S&P Issuer Ratings
0.16
0.45
21.4%
17.6%
4.60
82.11
41.92
22.54
-
Sales/Revenue/Turnover
50.00
12'000.0
45.00
10'000.0
40.00
35.00
8'000.0
30.00
6'000.0
25.00
20.00
4'000.0
15.00
10.00
2'000.0
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
PRIMECAP MANAGEMENT
BLACKROCK
STATE STREET
VANGUARD GROUP INC
JANUS CAPITAL MANAGE
WELLINGTON MANAGEMEN
CAPITAL GROUP COMPAN
BANK OF AMERICA CORP
FMR LLC
BANK OF NEW YORK MEL
MERCHANTS' GATE CAPI
PARNASSUS INVESTMENT
T ROWE PRICE ASSOCIA
MACKENZIE FINANCIAL
NORTHERN TRUST CORPO
ORBIS HOLDINGS LIMIT
JENSEN INVESTMENT MA
POLEN CAPITAL MANAGE
INVESCO LTD
CAPITAL COUNSEL LLC
Firm Name
Deutsche Bank
Morgan Stanley
Longbow Research
William Blair & Co
JPMorgan
Goldman Sachs
Credit Suisse
FBR Capital Markets
Wolfe Trahan & Co
Wunderlich Securities
Jefferies
Sterne, Agee & Leach
Edward Jones
Thompson, Davis & Company
BB&T Capital Markets
Robert W. Baird & Co
Sanford C. Bernstein & Co
Macquarie
RBC Capital Markets
Susquehanna Financial Group
Avondale Partners LLC
Stephens Inc
Raymond James
Stifel
Oppenheimer & Co
Cowen Securities LLC
EVA Dimensions
Wells Fargo Securities, LLC
S&P Capital IQ
Portfolio Name
PRIMECAP MANAGEMENT
n/a
n/a
VANGUARD GROUP INC
n/a
WELLINGTON MANAGEMEN
n/a
BANK OF AMERICA
n/a
BANK OF NEW YORK MEL
MERCHANTS' GATE CAPI
PARNASSUS INVESTMENT
T ROWE PRICE ASSOCIA
MACKENZIE FINANCIAL
NORTHERN TRUST CORPO
ORBIS HOLDINGS LIMIT
JENSEN INVESTMENT MA
POLEN CAPITAL MANAGE
n/a
CAPITAL COUNSEL LLC
Analyst
JUSTIN B YAGERMAN
WILLIAM J GREENE
MATTHEW S BROOKLIER
NATHAN J BROCHMANN
THOMAS R WADEWITZ
TOM KIM
CHRISTOPHER J CERASO
JOHN R MIMS
SCOTT H GROUP
CHAZ G JONES
H PETER NESVOLD
JEFFREY A KAUFFMAN
LOGAN PURK
DAVID P CAMPBELL
THOMAS S ALBRECHT
BENJAMIN J HARTFORD
DAVID VERNON
KELLY A DOUGHERTY
JOHN L BARNES III
MATT TROY
RYAN BOUCHARD
JACK ATKINS
PATRICK TYLER BROWN
JOHN G LARKIN
SCOTT A SCHNEEBERGER
JASON H SEIDL
CRAIG STERLING
ANTHONY P GALLO
JAMES CORRIDORE
Source
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
Recommendation
buy
Equalwt/Attractive
neutral
outperform
underweight
neutral/attractive
neutral
underperform
outperform
hold
hold
buy
hold
buy
hold
neutral
outperform
neutral
sector perform
neutral
market perform
equalweight
market perform
sell
market perform
hold
hold
market perform
buy
Amt Held
9'609'274
8'920'704
8'509'338
8'388'709
7'414'398
6'861'475
5'120'000
4'408'198
3'746'268
3'197'671
2'791'765
2'683'000
2'436'066
2'322'864
2'117'531
1'975'439
1'962'668
1'918'183
1'794'464
1'480'315
% Out
6.04
5.6
5.34
5.27
4.66
4.31
3.22
2.77
2.35
2.01
1.75
1.69
1.53
1.46
1.33
1.24
1.23
1.2
1.13
0.93
Weighting
Change
5
3
3
5
1
3
3
1
5
3
3
5
3
5
3
3
5
3
3
3
3
3
3
1
3
3
3
3
5
M
M
M
M
D
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
Latest Chg
139'500
270'017
(197)
(64'505)
375'802
1'438'324
834'268
(1'881'334)
(57'335)
2'515
(26'610)
293'600
30'963
1'975'439
(662'340)
31'929
(185'129)
(33'562)
Target Price
78
#N/A N/A
#N/A N/A
#N/A N/A
50
65
67
55
78
64
61
78
#N/A N/A
94
#N/A N/A
73
74
58
63
65
67
66
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
76
File Dt
Inst Type
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
12 month
Not Provided
Not Provided
Not Provided
6 month
12 month
Not Provided
12 month
12 month
18 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Date
23.04.2013
23.04.2013
23.04.2013
22.04.2013
16.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
11.04.2013
10.04.2013
10.04.2013
09.04.2013
08.04.2013
28.03.2013
27.03.2013
22.03.2013
12.03.2013
07.03.2013
13.02.2013
11.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
05.02.2013
25.09.2012
30.04.2013
Price/Volume
70
4.0 M
60
3.5 M
50
3.0 M
2.5 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (30.04.2012)
52-Week Low (18.10.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
CHKP UW EQUITY YTD Change
CHKP UW EQUITY YTD % CHANGE
12/2012
03/yy
59.17
40.60
660'607.00
45.61
-22.92%
12.34%
26.98%
205.9
9'390.77
0.00
0.0
0.0
3'295.36
5'867.38
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
924.4
1'097.9
5.67x
6.58x
483.7
594.4
10.83x
12.16x
357.5
452.8
18.12x
21.72x
Profitability
1.0 M
10
.5 M
0
a-12
.0 M
m-12
LTM-4Q
31.12.2011
1'247.0
6.37x
693.7
11.44x
544.0
20.77x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'342.7
4.61x
761.4
8.12x
620.0
16.20x
761.42
746.54
55.60%
58.60%
13.97%
18.94%
0.30%
88.4%
56.4%
55.5%
46.2%
2.21
2.15
0.00%
0.00%
5.21
-
03/yy
1'278.8
27.55x
718.5
13.95x
565.5
24.00x
j-12
j-12
a-12
s-12
LTM
03/yy
1'352.3
19.24x
762.5
8.07x
624.3
15.61x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
0.88
159.71
5.21
-21.54%
-4.26%
0.881
31
4.226
670'653
643'439
546'358
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
1'399.5
1'490.1
337.1
348.0
3.97x
3.38x
17.25x
16.44x
822.4
875.1
197.5
203.8
7.13x
6.70x
7.00x
6.86x
681.7
724.7
163.0
169.0
13.40x
12.26x
13.15x
12.86x
S&P Issuer Ratings
21.34
21.11
-4.62
0.00
0.0%
0.0%
0.30
36.23
70.31
795.35
-
Sales/Revenue/Turnover
20.00
1'600.0
18.00
1'400.0
16.00
1'200.0
14.00
1'000.0
12.00
10.00
800.0
8.00
600.0
6.00
400.0
4.00
200.0
2.00
0.00
01.01.2010
1.5 M
20
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
30
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
SHWED GIL
NACHT MARIUS
SUN LIFE FINANCIAL I
THORNBURG INVESTMENT
FMR LLC
FRANKLIN RESOURCES
SCHRODER INVESTMENT
HARRIS ASSOCIATES LP
CARMIGNAC GESTION
WELLINGTON MANAGEMEN
AMERIPRISE FINANCIAL
INVESCO LTD
PRUDENTIAL FINANCIAL
FARALLON CAPITAL MAN
JENNISON ASSOCIATES
WESTFIELD CAPITAL MG
T ROWE PRICE ASSOCIA
STERLING CAPITAL MAN
PERKINS INVESTMENT M
WILLIAM BLAIR & COMP
Firm Name
First Analysis Corp
Pacific Crest Securities
Raymond James
Macquarie
Nomura
BMO Capital Markets
Deutsche Bank
Morgan Stanley
Goldman Sachs
RBC Capital Markets
Credit Suisse
JPMorgan
Jefferies
Needham & Co
Stephens Inc
William Blair & Co
FBR Capital Markets
B Riley & Company, Inc
Stifel
Oppenheimer & Co
Wells Fargo Securities, LLC
Cowen and Company
Lazard Capital Markets
MKM Partners
FBN Securities
Topeka Capital Markets Inc
EVA Dimensions
Argus Research Corp
Portfolio Name
n/a
n/a
n/a
THORNBURG INVESTMENT
n/a
n/a
SCHRODER INVESTMENT
HARRIS ASSOC LP
CARMIGNAC GESTION
WELLINGTON MANAGEMEN
AMERIPRISE FINANCIAL
n/a
n/a
FARALLON CAPITAL MAN
JENNISON ASSOCIATES
WESTFIELD CAPITAL MA
T ROWE PRICE ASSOCIA
STERLING CAPITAL MAN
PERKINS INVESTMENT M
WILLIAM BLAIR & COMP
Analyst
CRAIG NANKERVIS
ROB D OWENS
MICHAEL TURITS
BRAD A ZELNICK
RICHARD G SHERLUND
KARL KEIRSTEAD
THOMAS ERNST JR
KEITH WEISS
GREG DUNHAM
ROBERT P BREZA
PHILIP WINSLOW
STERLING AUTY
AARON SCHWARTZ
SCOTT ZELLER
JONATHAN B RUYKHAVER
JONATHAN HO
DANIEL H IVES
DANIEL CUMMINS
TODD C WELLER
SHAUL EYAL
GRAY W POWELL
GREGG MOSKOWITZ
JOEL P FISHBEIN JR
ISRAEL HERNANDEZ
SHEBLY SEYRAFI
FREDERICK D ZIEGEL
ANDREW S ZAMFOTIS
JOSEPH F BONNER
Source
20F
20F
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
Recommendation
equalweight
sector perform
outperform
outperform
buy
market perform
hold
Equalwt/In-Line
neutral/neutral
sector perform
outperform
overweight
buy
hold
overweight
outperform
outperform
neutral
buy
outperform
outperform
neutral
neutral
buy
outperform
buy
buy
hold
Amt Held
24'963'760
21'214'986
15'278'850
12'621'374
9'955'180
8'768'144
7'995'556
7'690'400
6'777'046
6'399'218
5'390'445
5'040'047
3'827'554
2'672'000
2'392'593
2'183'420
2'089'800
1'926'119
1'850'161
1'846'238
% Out
12.12
10.3
7.42
6.13
4.84
4.26
3.88
3.74
3.29
3.11
2.62
2.45
1.86
1.3
1.16
1.06
1.01
0.94
0.9
0.9
Weighting
Change
3
3
5
5
5
3
3
3
3
3
5
5
5
3
5
5
5
3
5
5
5
3
3
5
5
5
5
3
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
Latest Chg
1'007'947
235'870
(8'911'572)
4'046'942
572'741
3'642'600
6'777'046
2'901'491
1'253'232
(29'658)
(420'950)
1'181'000
794'584
(524'608)
(1'196'313)
1'472'748
1'850'161
(36'863)
Target Price
#N/A N/A
#N/A N/A
52
55
55
48
50
#N/A N/A
48
47
55
53
56
#N/A N/A
55
#N/A N/A
55
50
55
56
#N/A N/A
#N/A N/A
#N/A N/A
52
55
68
#N/A N/A
#N/A N/A
File Dt
Inst Type
31.01.2013
n/a
31.01.2013
n/a
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
6 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
18 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Date
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
03.04.2013
12.02.2013
30.04.2013
Price/Volume
25
20
15
Valuation Analysis
10
07/2012
01/yy
21.98
14.97
6'776'619.00
20.98
-4.55%
40.19%
85.74%
5'332.0
111'864.81
16'328.00
0.0
15.0
48'716.00
81'789.81
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
0
a-12 m-12
31.07.2009
31.07.2010
36'117.0
40'040.0
2.82x
2.64x
9'153.0
11'194.0
11.13x
9.46x
6'134.0
7'767.0
20.17x
17.07x
Profitability
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.07.2011
43'218.0
1.37x
10'959.0
5.39x
6'490.0
13.03x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.07.2012
46'061.0
1.10x
12'971.0
3.91x
8'041.0
9.80x
12'971.00
10'369.00
22.51%
22.06%
10.04%
17.79%
14.26%
0.51%
61.2%
28.3%
22.7%
17.5%
3.49
3.20
17.79%
31.84%
5.99
11.64
LTM
01/yy
44'844.0
6.16x
12'018.0
6.27x
6'998.0
14.10x
01/yy
47'252.0
5.76x
13'372.0
6.17x
9'317.0
14.33x
FY+1
2.10
1.00
5'322.11
58.00
7.02%
7.63%
1.003
50
4.260
9'314'090
8'826'492
9'077'326
FY+2
FQ+1
FQ+2
07/13 Y
07/14 Y
04/13 Q3 07/13 Q4
48'677.8
51'367.1
12'199.8
12'527.3
2.12x
1.77x
6.42x
6.11x
15'211.6
15'691.9
3'802.0
4'002.0
5.38x
5.21x
5.20x
5.11x
10'660.9
11'130.5
2'630.9
2'720.4
10.52x
9.95x
10.35x
10.17x
S&P Issuer Ratings
10.02.2006
A+
STABLE
31.01.2011
A-1+
21.76
19.87
-2.25
1.22
31.8%
24.1%
0.51
13.28
60.78
31.27
16.63
77.17
Sales/Revenue/Turnover
20.00
50'000.0
18.00
45'000.0
16.00
40'000.0
14.00
35'000.0
12.00
30'000.0
10.00
8.00
25'000.0
20'000.0
6.00
15'000.0
4.00
10'000.0
2.00
5'000.0
0.00
31.07.2009
j-12
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50.0 M
45.0 M
40.0 M
35.0 M
30.0 M
25.0 M
20.0 M
15.0 M
10.0 M
5.0 M
.0 M
a-13
0.0
31.01.2010
31.07.2010
31.01.2011
31.07.2011
31.01.2012
31.07.2012
31.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
STATE STREET
BLACKROCK
VANGUARD GROUP INC
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
INVESCO LTD
JP MORGAN
FMR LLC
FRANKLIN RESOURCES
NORTHERN TRUST CORPO
GRANTHAM MAYO VAN OT
T ROWE PRICE ASSOCIA
YACKTMAN ASSET MANAG
LAZARD ASSET MANAGEM
FIRST EAGLE INVESTME
NORGES BANK
TIAA CREF INVESTMENT
AMERIPRISE FINANCIAL
DEUTSCHE BANK AG
ALLIANZ ASSET MANAGE
Firm Name
BMO Capital Markets
Sterne, Agee & Leach
Deutsche Bank
William Blair & Co
Tigress Financial Partners
Raymond James
ISI Group
Evercore Partners
Baden Hill LLP
Stifel
Wunderlich Securities
Mizuho Securities USA Inc
Wells Fargo Securities, LLC
Independent Research GmbH
S&P Capital IQ
Janney Montgomery Scott LLC
Wedbush
Pacific Crest Securities
Robert W. Baird & Co
Edward Jones
Barclays
Piper Jaffray
Topeka Capital Markets Inc
Jefferies
FBR Capital Markets
RBC Capital Markets
Nomura
Daiwa Securities Co. Ltd.
Berenberg Bank
Argus Research Corp
Oppenheimer & Co
Morgan Stanley
JPMorgan
Needham & Co
Davenport & Co
JMP Securities
Lazard Capital Markets
MKM Partners
Northland Securities Inc
FBN Securities
Wedge Partners
EVA Dimensions
Goldman Sachs
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
n/a
n/a
n/a
n/a
NORTHERN TRUST CORPO
GRANTHAM MAYO VAN OT
T ROWE PRICE ASSOCIA
YACKTMAN ASSET MANAG
n/a
FIRST EAGLE INVESTME
NORGES BANK
TIAA-CREF INVESTMENT
AMERIPRISE FINANCIAL
DEUTSCHE BANK AKTIEN
n/a
Analyst
TIMOTHY P LONG
ALEX KURTZ
BRIAN T MODOFF
JASON NOAH ADER
IVAN FEINSETH
SIMON M LEOPOLD
BRIAN MARSHALL
MARK A MCKECHNIE
ROY CAMPBELL
SANJIV R WADHWANI
MATTHEW S ROBISON
JOANNA MAKRIS
JESS L LUBERT
MARKUS FRIEBEL
JAMES G MOORMAN
WILLIAM CHOI
ROHIT CHOPRA
BRENT A BRACELIN
JAYSON NOLAND SR
WILLIAM C KREHER
BENJAMIN A REITZES
TROY D JENSEN
BRIAN J WHITE
GEORGE C NOTTER
SCOTT S THOMPSON
MARK SUE
STUART JEFFREY
YOKO YAMADA
ADNAAN AHMAD
JAMES KELLEHER
ITTAI KIDRON
EHUD A GELBLUM
ROD HALL
ALEXANDER HENDERSON
F DRAKE JOHNSTONE
ERIK SUPPIGER
RYAN HUTCHINSON
MICHAEL GENOVESE
CATHARINE TREBNICK
SHEBLY SEYRAFI
CHRISTOPHER J CRESPI
ANDREW S ZAMFOTIS
SIMONA JANKOWSKI
Source
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
Recommendation
outperform
buy
buy
outperform
neutral
outperform
cautious
equalweight
buy
buy
buy
buy
outperform
hold
buy
neutral
outperform
outperform
outperform
hold
overweight
overweight
buy
hold
underperform
outperform
buy
outperform
sell
buy
outperform
Overwt/Attractive
underweight
hold
buy
market perform
neutral
buy
outperform
outperform
no rating system
buy
Buy/Neutral
Amt Held
299'578'360
285'629'010
248'500'974
183'794'312
120'991'753
103'605'229
98'236'097
86'751'700
82'170'147
77'496'020
70'428'507
69'820'447
52'443'161
47'813'820
46'147'106
43'095'418
42'368'958
40'386'595
37'520'775
37'109'838
% Out
5.62
5.36
4.66
3.45
2.27
1.94
1.84
1.63
1.54
1.45
1.32
1.31
0.98
0.9
0.87
0.81
0.79
0.76
0.7
0.7
Weighting
Change
5
5
5
5
3
5
2
3
5
5
5
5
5
3
5
3
5
5
5
3
5
5
5
3
1
5
5
5
1
5
5
5
1
3
5
3
3
5
5
5
#N/A N/A
5
5
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
M
Latest Chg
(7'418'814)
8'853'231
15'936'699
65'261'717
8'008'876
(10'779'595)
12'933'673
19'583'032
(272'238)
2'085'888
6'196'339
(4'001'080)
(52'225)
(1'104'045)
(540'834)
4'202'738
3'103'045
7'990'890
6'191'620
3'351'241
Target Price
25
26
24
#N/A N/A
#N/A N/A
25
#N/A N/A
23
#N/A N/A
25
24
25
#N/A N/A
24
26
20
24
25
25
#N/A N/A
27
25
26
22
17
24
25
24
14
26
24
24
18
#N/A N/A
24
#N/A N/A
#N/A N/A
25
26
25
#N/A N/A
#N/A N/A
25
File Dt
Inst Type
23.04.2013
Investment Advisor
22.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Unclassified
31.12.2012 Hedge Fund Manager
31.12.2012
Government
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
Date
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
18 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
6 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Date
23.04.2013
22.04.2013
21.04.2013
17.04.2013
16.04.2013
15.04.2013
15.04.2013
14.04.2013
12.04.2013
11.04.2013
10.04.2013
10.04.2013
08.04.2013
05.04.2013
05.04.2013
03.04.2013
03.04.2013
02.04.2013
02.04.2013
01.04.2013
01.04.2013
27.03.2013
27.03.2013
26.03.2013
21.03.2013
14.03.2013
14.03.2013
06.03.2013
05.03.2013
01.03.2013
25.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
18.01.2013
15.01.2013
09.12.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (02.05.2012)
52-Week Low (15.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 01.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
CTXS UW EQUITY YTD Change
CTXS UW EQUITY YTD % CHANGE
12/2012
03/yy
87.73
56.57
537'078.00
62.15
-29.16%
9.86%
17.91%
186.6
11'597.56
0.00
0.0
0.0
928.63
10'939.62
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
1'614.1
1'874.7
4.34x
6.37x
364.7
459.8
19.19x
25.97x
191.0
277.1
40.39x
46.75x
Profitability
LTM-4Q
31.12.2011
2'206.4
4.78x
576.2
18.30x
356.3
32.47x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'586.1
4.37x
605.7
18.66x
352.5
38.57x
605.65
390.78
15.11%
15.86%
7.64%
11.52%
12.05%
0.59%
84.4%
22.3%
13.7%
13.6%
1.28
1.16
0.00%
0.00%
6.35
41.89
03/yy
2'305.0
20.78x
589.8
23.40x
351.1
42.42x
2.5 M
2.0 M
1.5 M
1.0 M
.5 M
.0 M
j-12
j-12
a-12
s-12
LTM
03/yy
2'669.5
19.52x
596.5
21.47x
344.0
46.74x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.43
185.00
2.37
-27.40%
-5.48%
1.427
37
4.000
1'072'727
691'515
662'191
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
2'962.8
3'346.6
710.3
742.2
3.60x
3.01x
15.37x
14.53x
935.2
1'061.4
199.7
237.6
11.70x
10.31x
11.21x
10.56x
584.1
669.3
119.7
147.3
20.11x
17.62x
19.56x
18.63x
S&P Issuer Ratings
04.02.2005
NR
-1.10
0.00
0.0%
0.0%
0.59
9.19
57.48
8.71
48.53
29.47
Sales/Revenue/Turnover
30.00
3'000.0
25.00
2'500.0
20.00
2'000.0
15.00
1'500.0
10.00
1'000.0
5.00
500.0
0.00
01.01.2010
3.0 M
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
100
90
80
70
60
50
40
30
20
10
0
a-12 m-12
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
JP MORGAN
INVESCO LTD
CLEARBRIDGE INVESTME
ALLIANCE BERNSTEIN
WILLIAM BLAIR & COMP
NORTHERN TRUST CORPO
MORGAN STANLEY
MAVERICK CAPITAL LTD
WELLINGTON MANAGEMEN
AMERIPRISE FINANCIAL
BROWN ADVISORY INC
BANK OF NEW YORK MEL
SUN LIFE FINANCIAL I
HARDING LOEVNER LP
LEGG MASON INC
WELLS FARGO
Firm Name
Morgan Stanley
Goldman Sachs
RBC Capital Markets
Jefferies
Nomura
Wells Fargo Securities, LLC
Credit Agricole Securities (USA)
William Blair & Co
Evercore Partners
Mizuho Securities USA Inc
MKM Partners
Stifel
Lazard Capital Markets
Susquehanna Financial Group
Needham & Co
S&P Capital IQ
Deutsche Bank
Raymond James
Drexel Hamilton LLC
Robert W. Baird & Co
Tigress Financial Partners
FBN Securities
Oppenheimer & Co
Berenberg Bank
Sanford C. Bernstein & Co
Pacific Crest Securities
JMP Securities
Credit Suisse
JPMorgan
Stephens Inc
FBR Capital Markets
Cowen and Company
Barclays
EVA Dimensions
Noble Financial Group
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
CLEARBRIDGE INVESTME
n/a
WILLIAM BLAIR & COMP
NORTHERN TRUST CORPO
n/a
MAVERICK CAPITAL LTD
WELLINGTON MANAGEMEN
AMERIPRISE FINANCIAL
n/a
BANK OF NEW YORK MEL
n/a
HARDING LOEVNER LP
Multiple Portfolios
n/a
Analyst
KEITH WEISS
HEATHER BELLINI
MATTHEW HEDBERG
ROSS MACMILLAN
RICHARD G SHERLUND
JASON MAYNARD
EDWARD MAGUIRE
BHAVAN SURI
STEWART KIRK MATERNE III
ABHEY R LAMBA
ISRAEL HERNANDEZ
BRAD REBACK
JOEL P FISHBEIN JR
J DERRICK WOOD
SCOTT ZELLER
SCOTT H KESSLER
THOMAS ERNST JR
MICHAEL TURITS
JAMES N GILMAN
STEVEN M ASHLEY
IVAN FEINSETH
SHEBLY SEYRAFI
SHAUL EYAL
DAUD KHAN
MARK L MOERDLER
ROB D OWENS
PATRICK WALRAVENS
PHILIP WINSLOW
JOHN DIFUCCI
JONATHAN B RUYKHAVER
DANIEL H IVES
GREGG MOSKOWITZ
RAIMO LENSCHOW
ANDREW S ZAMFOTIS
SUSAN BAUR
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
MF-AGG
ULT-AGG
Recommendation
Equalwt/In-Line
neutral/neutral
sector perform
buy
neutral
outperform
outperform
outperform
overweight
buy
buy
buy
buy
Positive
buy
sell
buy
outperform
hold
outperform
strong buy
outperform
market perform
hold
outperform
outperform
market perform
neutral
underweight
overweight
outperform
outperform
equalweight
hold
buy
Amt Held
15'136'139
11'851'019
10'201'017
8'574'049
6'506'664
5'862'613
5'257'890
4'921'206
4'082'862
3'929'338
3'874'190
3'768'917
3'732'787
3'581'960
3'431'077
2'873'078
2'671'378
2'529'948
2'367'537
2'118'749
% Out
8.11
6.35
5.47
4.59
3.49
3.14
2.82
2.64
2.19
2.11
2.08
2.02
2
1.92
1.84
1.54
1.43
1.36
1.27
1.14
Weighting
Change
3
3
3
5
3
5
5
5
5
5
5
5
5
4
5
1
5
5
3
5
5
5
3
3
5
5
3
3
1
5
5
5
3
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
R
N
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(6'151'934)
(143'375)
219'026
1'038'214
887'659
1'062'062
(818'171)
1'053'573
(83'316)
(313'208)
2'291'404
417'815
668'154
75'282
107'502
184'296
93'503
82'767
(2'978'080)
Target Price
#N/A N/A
70
73
78
75
#N/A N/A
78
#N/A N/A
77
80
88
83
95
95
85
64
95
78
72
80
#N/A N/A
85
#N/A N/A
76
102
90
#N/A N/A
73
56
86
100
#N/A N/A
76
#N/A N/A
101
File Dt
Inst Type
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
Date
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
6 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
18.04.2013
17.04.2013
17.04.2013
17.04.2013
01.04.2013
25.03.2013
20.03.2013
07.03.2013
06.03.2013
26.02.2013
21.02.2013
05.02.2013
31.01.2013
31.01.2013
31.01.2013
31.01.2013
31.01.2013
31.01.2013
15.01.2013
26.04.2012
30.04.2013
Price/Volume
90
12.0 M
80
10.0 M
70
60
8.0 M
50
12/2012
12/yy
81.05
53.93
1'217'049.00
62.93
-22.36%
16.69%
33.19%
301.8
18'991.13
0.00
0.0
0.0
2'863.76
16'127.38
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
30
31.12.2009
31.12.2010
3'278.7
4'592.4
3.68x
4.37x
707.9
972.0
17.06x
20.63x
535.0
733.5
25.47x
30.92x
Profitability
2.0 M
10
0
a-12 m-12
LTM-4Q
31.12.2011
6'121.2
2.79x
1'260.6
13.53x
883.6
22.56x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
7'346.5
2.64x
1'518.1
12.80x
1'051.3
21.48x
1'518.08
1'361.50
18.53%
18.89%
17.48%
23.87%
23.87%
1.22%
41.8%
20.7%
18.5%
14.3%
3.50
3.06
0.00%
0.00%
5.82
61.28
12/yy
6'121.2
12.47x
1'260.6
13.53x
883.6
22.56x
.0 M
j-12
j-12
a-12
s-12
LTM
12/yy
7'346.5
10.11x
1'518.1
12.80x
1'051.3
21.48x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.17
300.31
2.53
-14.17%
-15.02%
1.173
30
4.633
2'039'350
969'831
746'984
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
8'625.5
10'010.0
2'008.5
2'112.0
1.84x
1.48x
7.96x
7.46x
1'764.4
2'056.6
411.0
431.3
9.14x
7.84x
9.11x
8.74x
1'311.8
1'519.7
306.2
322.6
14.59x
12.73x
14.59x
14.03x
S&P Issuer Ratings
-1.89
0.00
0.0%
0.0%
1.22
8.50
62.89
5.97
8.00
60.86
Sales/Revenue/Turnover
40.00
8'000.0
35.00
7'000.0
30.00
6'000.0
25.00
5'000.0
20.00
4'000.0
15.00
3'000.0
10.00
2'000.0
5.00
1'000.0
0.00
01.01.2010
4.0 M
20
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
6.0 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (08.03.2013)
52-Week Low (12.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 19.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
CTSH UW EQUITY YTD Change
CTSH UW EQUITY YTD % CHANGE
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
WADDELL & REED FINAN
LONE PINE CAPITAL LL
WELLS FARGO
T ROWE PRICE ASSOCIA
JP MORGAN
INVESCO LTD
EDGEWOOD MANAGEMENT
BANK OF NEW YORK MEL
SUN LIFE FINANCIAL I
ALLIANCE BERNSTEIN
BROWN ADVISORY INC
POLEN CAPITAL MANAGE
NORTHERN TRUST CORPO
AMERIPRISE FINANCIAL
GENESIS ASSET MANAGE
ORBIS HOLDINGS LIMIT
Firm Name
RBC Capital Markets
Barclays
Nomura
Wells Fargo Securities, LLC
Robert W. Baird & Co
BMO Capital Markets
Janney Montgomery Scott LLC
Sanford C. Bernstein & Co
Cowen and Company
Deutsche Bank
BNP Paribas Equity Research
Oppenheimer & Co
Evercore Partners
Jefferies
Atlantic Equities LLP
Credit Suisse
Susquehanna Financial Group
JPMorgan
Pacific Crest Securities
Berenberg Bank
Morgan Stanley
Goldman Sachs
EVA Dimensions
Needham & Co
William Blair & Co
BB&T Capital Markets
BOE Securities
Centrum Broking Pvt Ltd
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
WADDELL & REED FINAN
LONE PINE CAPITAL LL
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
EDGEWOOD MANAGEMENT
BANK OF NEW YORK MEL
n/a
n/a
n/a
POLEN CAPITAL MANAGE
NORTHERN TRUST CORPO
AMERIPRISE FINANCIAL
GENESIS ASSET MANAGE
ORBIS HOLDINGS LIMIT
Analyst
DANIEL R PERLIN
DARRIN D PELLER
ASHWIN MEHTA
EDWARD S CASO JR
DAVID J KONING
KEITH F BACHMAN
JOSEPH D FORESI
RODERICK BOURGEOIS
MOSHE KATRI
BRYAN KEANE
ARVIND RAMNANI
GLENN GREENE
DAVID M TOGUT
JASON KUPFERBERG
CHRISTOPHER HICKEY
GEORGE MIHALOS
JAMES E FRIEDMAN
TIEN-TSIN HUANG
JESSE HULSING
DAUD KHAN
KATHRYN HUBERTY
JULIO C QUINTEROS JR
ANDREW S ZAMFOTIS
MAYANK TANDON
BHAVAN SURI
GEORGE A PRICE
BINDAL PARIKH TOTLANI
GIRISH PAI
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
Recommendation
outperform
overweight
buy
outperform
outperform
outperform
buy
outperform
outperform
buy
buy
outperform
overweight
buy
overweight
outperform
Positive
overweight
sector perform
hold
Equalwt/In-Line
neutral/neutral
hold
buy
outperform
buy
buy
hold
Amt Held
17'371'723
16'558'747
16'053'258
13'866'705
11'426'637
10'912'591
10'867'779
10'151'194
7'237'619
7'133'124
6'100'206
5'985'759
5'912'037
5'868'850
5'319'826
4'294'290
4'188'728
3'994'216
3'433'886
3'243'161
% Out
5.76
5.49
5.32
4.59
3.79
3.62
3.6
3.36
2.4
2.36
2.02
1.98
1.96
1.94
1.76
1.42
1.39
1.32
1.14
1.07
Weighting
Change
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
4
5
3
3
3
3
3
5
5
5
5
3
M
M
M
M
M
M
M
M
M
M
N
M
N
M
M
M
M
M
D
M
M
M
U
M
M
M
M
M
Latest Chg
1'260'736
415'448
474'812
196'560
320'797
258'104
5'889'084
(630'856)
(395'037)
(167'623)
417'725
1'900'027
(391'886)
116'916
58'892
(35'135)
(205'411)
29'600
1'885'322
Target Price
85
86
89
#N/A N/A
92
85
90
85
#N/A N/A
92
83
88
96
80
86
85
88
86
#N/A N/A
61
72
75
#N/A N/A
90
#N/A N/A
86
77
78
File Dt
Inst Type
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
Date
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
18 month
12 month
12 month
12 month
Not Provided
12 month
6 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Date
24.04.2013
24.04.2013
23.04.2013
23.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
17.04.2013
17.04.2013
15.04.2013
12.04.2013
12.04.2013
11.04.2013
09.04.2013
08.04.2013
11.03.2013
06.03.2013
08.02.2013
08.02.2013
08.02.2013
07.02.2013
07.02.2013
07.02.2013
22.08.2012
08.07.2011
30.04.2013
Comcast Corp
Comcast Corporation is a global media and technology company with two primary
businesses. The Company provides video, high-speed Internet and phone services
to residential and business customers. Comcast also operates news and
entertainment cable networks, a national and a Spanish broadcast network, TV
production operations, TV station groups, film studios, theme parks and resorts.
Price/Volume
12.0 M
10.0 M
30
12/2012
12/yy
42.61
28.10
2'209'609.00
41.49
-2.63%
47.65%
92.28%
2'122.3
108'281.04
40'458.00
0.0
17'438.0
12'415.00
153'762.04
25
8.0 M
20
6.0 M
15
4.0 M
10
2.0 M
5
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
14.0 M
40
35
Valuation Analysis
31.12.2008
34'423.0
2.33x
13'132.0
6.10x
2'547.0
18.55x
45
31.12.2009
31.12.2010
35'756.0
37'937.0
2.14x
2.28x
13'714.0
14'596.0
5.58x
5.93x
3'638.0
3'635.0
15.19x
16.77x
Profitability
LTM-4Q
31.12.2011
55'842.0
2.12x
18'357.0
6.44x
4'160.0
15.01x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
62'570.0
2.30x
19'977.0
7.21x
6'203.0
19.46x
19'977.00
12'179.00
19.46%
18.55%
3.84%
12.84%
9.11%
0.39%
68.1%
31.9%
19.5%
9.9%
1.20
1.07
24.52%
81.97%
12.68
-
LTM
12/yy
55'842.0
8.52x
18'357.0
6.44x
4'160.0
15.01x
12/yy
62'570.0
8.83x
19'977.0
7.21x
6'203.0
19.36x
FY+1
1.57
1.06
2'119.81
32.63
39.39%
11.52%
1.063
33
4.515
3'103'094
3'926'235
4'095'267
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
64'180.0
67'996.2
15'401.6
16'009.4
2.63x
2.45x
11.30x
10.81x
21'019.9
22'345.6
4'981.9
5'338.4
7.32x
6.88x
7.33x
7.14x
6'336.1
7'137.5
1'334.4
1'629.5
17.38x
15.11x
17.51x
16.74x
S&P Issuer Ratings
14.02.2013
APOS
25.05.2004
A-2
7.92
5.66
1.40
2.03
82.0%
37.7%
0.39
2.28
28.87
59.15
-
Sales/Revenue/Turnover
10.00
70'000.0
9.00
60'000.0
8.00
7.00
50'000.0
6.00
40'000.0
5.00
30'000.0
4.00
20'000.0
3.00
2.00
10'000.0
1.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Comcast Corp
Holdings By:
All
Holder Name
CAPITAL GROUP COMPAN
BLACKROCK
STATE STREET
FMR LLC
VANGUARD GROUP INC
DODGE & COX
WELLINGTON MANAGEMEN
INVESCO LTD
JP MORGAN
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
TIAA CREF INVESTMENT
T ROWE PRICE ASSOCIA
BROWN BROTHERS HARRI
NORGES BANK
AMERIPRISE FINANCIAL
DIMENSIONAL FUND ADV
ALLIANCE BERNSTEIN
GEODE CAPITAL MANAGE
GCIC LTD/CANADA
Firm Name
Deutsche Bank
Pacific Crest Securities
Credit Suisse
Jefferies
ISI Group
Morgan Stanley
Raymond James
Oppenheimer & Co
Edward Jones
Brean Murray Carret & Co
Guggenheim Securities LLC
Wells Fargo Securities, LLC
Robert W. Baird & Co
JPMorgan
Goldman Sachs
Pivotal Research Group LLC
Macquarie
Argus Research Corp
Atlantic Equities LLP
Evercore Partners
RBC Capital Markets
Wunderlich Securities
Telsey Advisory Group
Janney Montgomery Scott LLC
Stifel
Scotia Capital
Nomura
S&P Capital IQ
Maxim Group LLC
New Street Research
EVA Dimensions
BTIG LLC
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
DODGE & COX
WELLINGTON MANAGEMEN
n/a
n/a
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
TIAA-CREF INVESTMENT
T ROWE PRICE ASSOCIA
BROWN BROTHERS HARRI
NORGES BANK
AMERIPRISE FINANCIAL
DIMENSIONAL FUND ADV
n/a
GEODE CAPITAL MANAGE
GOODMAN & COMPANY IN
Analyst
DOUGLAS D MITCHELSON
ANDY HARGREAVES
MICHAEL SENNO
THOMAS O SEITZ
VIJAY JAYANT
BENJAMIN SWINBURNE
FRANK G LOUTHAN
TIMOTHY K HORAN
DAVID HEGER
TODD MITCHELL
SHING YIN
MARCI RYVICKER
WILLIAM V POWER
PHILIP CUSICK
JASON ARMSTRONG
JEFFREY WLODARCZAK
AMY YONG
JOSEPH F BONNER
CHRISTOPHER WATTS
BRYAN KRAFT
JONATHAN ATKIN
MATTHEW HARRIGAN
JAISON BLAIR
TONY WIBLE
CHRISTOPHER C KING
JEFFREY FAN
MICHAEL L MCCORMACK
TUNA AMOBI
JOHN TINKER
CHARLES GAYNOR
CRAIG STERLING
RICHARD GREENFIELD
Source
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
Recommendation
buy
sector perform
outperform
buy
buy
Equalwt/In-Line
outperform
outperform
buy
buy
neutral
outperform
neutral
overweight
buy/attractive
buy
neutral
hold
overweight
overweight
outperform
buy
no rating system
buy
buy
sector outperform
buy
buy
buy
neutral
hold
neutral
Amt Held
170'286'499
151'939'177
130'735'490
122'446'969
110'119'110
72'420'757
63'251'006
52'985'837
39'408'571
35'046'497
33'384'322
26'200'994
24'679'889
23'978'448
22'993'590
22'281'474
19'975'360
18'764'948
17'865'247
16'042'220
% Out
8.02
7.16
6.16
5.77
5.19
3.41
2.98
2.5
1.86
1.65
1.57
1.23
1.16
1.13
1.08
1.05
0.94
0.88
0.84
0.76
Weighting
Change
5
3
5
5
5
3
5
5
5
5
3
5
3
5
5
5
3
3
5
5
5
5
#N/A N/A
5
5
5
5
5
5
3
3
3
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
D
M
M
M
U
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(15'203'842)
(296'363)
2'105'553
4'965'013
1'769'948
(11'233'339)
(2'617'597)
(6'273'501)
6'566'470
4'920'619
6'326
1'422'866
(1'113'877)
710'946
1'226'195
3'494'798
36'016
79'579
(1'760'635)
(436'600)
Target Price
48
#N/A N/A
48
45
47
42
44
45
#N/A N/A
48
40
#N/A N/A
44
49
47
48
45
#N/A N/A
48
46
46
47
47
48
45
46
48
46
48
40
#N/A N/A
#N/A N/A
File Dt
31.03.2013
23.04.2013
24.04.2013
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
Date
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
18 month
Not Provided
12 month
12 month
Not Provided
12 month
6 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
18 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
24.04.2013
23.04.2013
23.04.2013
21.04.2013
16.04.2013
16.04.2013
15.04.2013
12.04.2013
09.04.2013
09.04.2013
05.04.2013
04.04.2013
25.03.2013
24.03.2013
06.03.2013
22.02.2013
19.02.2013
19.02.2013
15.02.2013
14.02.2013
14.02.2013
14.02.2013
13.02.2013
13.02.2013
13.02.2013
13.02.2013
13.02.2013
13.02.2013
13.02.2013
15.01.2013
26.01.2011
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (26.04.2013)
52-Week Low (08.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 13.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
COST UW EQUITY YTD Change
COST UW EQUITY YTD % CHANGE
08/2012
02/yy
109.75
76.56
659'527.00
108.63
-1.02%
41.88%
96.63%
436.4
47'403.02
1'382.00
0.0
157.0
4'854.00
46'793.02
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.0 M
100
2.5 M
80
2.0 M
60
1.5 M
40
1.0 M
20
.5 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
120
31.08.2009
31.08.2010
71'422.0
77'946.0
0.30x
0.28x
2'522.0
2'880.0
8.39x
7.60x
1'086.0
1'303.0
20.41x
19.09x
Profitability
LTM-4Q
31.08.2011
88'915.0
0.34x
3'303.0
9.28x
1'462.0
22.49x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.08.2012
99'137.0
0.39x
3'667.0
10.64x
1'709.0
24.69x
3'667.00
2'759.00
2.78%
2.79%
6.92%
17.53%
13.59%
3.64%
12.4%
3.8%
2.9%
1.7%
1.10
0.48
5.09%
11.18%
86.23
12.43
LTM
FY+1
7.68
0.75
432.19
5.48
33.53%
10.28%
0.747
30
4.033
681'431
672'970
697'773
FY+2
FQ+1
FQ+2
02/yy
02/yy
08/13 Y
08/14 Y
05/13 Q3 08/13 Q4
93'396.0 103'128.0 106'073.9 115'136.6
24'249.9
33'108.9
1.38x
1.49x
0.45x
0.41x
1.99x
1.46x
3'392.0
3'874.0
4'090.5
4'496.1
932.1
1'302.8
9.91x
11.35x
11.44x
10.41x
11.03x
10.76x
1'516.0
1'958.0
2'001.7
2'197.0
450.2
638.1
23.23x
23.46x
23.86x
21.60x
22.99x
22.35x
S&P Issuer Ratings
Long-Term Rating Date
28.11.2012
Long-Term Rating
A+
Long-Term Outlook
STABLE
Short-Term Rating Date
28.11.2012
Short-Term Rating
A-1
Credit Ratios
EBITDA/Interest Exp.
34.92
(EBITDA-Capex)/Interest Exp.
20.83
Net Debt/EBITDA
-0.20
Total Debt/EBITDA
1.26
Reference
Total Debt/Equity
11.2%
Total Debt/Capital
9.9%
Asset Turnover
3.64
Net Fixed Asset Turnover
7.96
Accounts receivable turnover-days
4.30
Inventory Days
29.84
Accounts Payable Turnover Day
28.11
Cash Conversion Cycle
3.64
Sales/Revenue/Turnover
16.00
120'000.0
14.00
100'000.0
12.00
80'000.0
10.00
8.00
60'000.0
6.00
40'000.0
4.00
20'000.0
2.00
0.00
04.09.2009
0.0
04.03.2010
04.09.2010
04.03.2011
04.09.2011
04.03.2012
04.09.2012
04.03.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
STATE STREET
BLACKROCK
VANGUARD GROUP INC
DAVIS SELECTED ADVIS
FMR LLC
JENNISON ASSOCIATES
NORTHERN TRUST CORPO
AMERICAN CENTURY COM
GOLDMAN SACHS GROUP
BANK OF NEW YORK MEL
INVESCO LTD
NORGES BANK
JP MORGAN
T ROWE PRICE ASSOCIA
BERKSHIRE HATHAWAY I
BANK OF AMERICA CORP
MONTAG & CALDWELL IN
WINSLOW CAPITAL MANA
HARBOR CAPITAL ADVIS
Firm Name
BMO Capital Markets
JPMorgan
Credit Suisse
Edward Jones
Robert W. Baird & Co
Sanford C. Bernstein & Co
ISI Group
Deutsche Bank
Janney Montgomery Scott LLC
Jefferies
William Blair & Co
Stifel
McAdams Wright Ragen Inc
Guggenheim Securities LLC
Cowen and Company
Susquehanna Financial Group
Piper Jaffray
Northcoast Research
Morgan Stanley
Daiwa Securities Co. Ltd.
Argus Research Corp
Telsey Advisory Group
EVA Dimensions
Raymond James
Oppenheimer & Co
S&P Capital IQ
Barclays
Tigress Financial Partners
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
DAVIS SELECTED ADVIS
n/a
JENNISON ASSOCIATES
NORTHERN TRUST CORPO
AMERICAN CENTURY COM
GOLDMAN SACHS GROUP
BANK OF NEW YORK MEL
n/a
NORGES BANK
n/a
T ROWE PRICE ASSOCIA
n/a
BANK OF AMERICA
MONTAG & CALDWELL IN
WINSLOW CAPITAL MANA
Multiple Portfolios
Analyst
KAREN SHORT
CHRISTOPHER HORVERS
MICHAEL B EXSTEIN
BRIAN YARBROUGH
PETER S BENEDICT
COLIN MCGRANAHAN
GREGORY MELICH
PAUL TRUSSELL
DAVID S STRASSER
DANIEL T BINDER
MARK R MILLER
DAVID A SCHICK
DAN GEIMAN
JOHN HEINBOCKEL
FAYE LANDES
ROBERT SUMMERS
SEAN NAUGHTON
CHARLES E CERANKOSKY
MARK WILTAMUTH
KAHORI TAMADA
CHRISTOPHER GRAJA
JOSEPH I FELDMAN
AUSTIN BURKETT
BUDD BUGATCH
BRIAN NAGEL
IAN GORDON
ROBERT S DRBUL
IVAN FEINSETH
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
MF-AGG
Recommendation
outperform
overweight
outperform
hold
outperform
market perform
strong buy
buy
buy
hold
outperform
buy
hold
neutral
neutral
negative
overweight
buy
Overwt/In-Line
neutral
buy
no rating system
hold
market perform
market perform
hold
equalweight
strong buy
Amt Held
47'591'655
23'849'067
21'671'006
20'160'182
15'318'718
13'559'317
8'972'856
7'834'546
5'864'911
5'846'843
5'510'453
5'135'180
4'427'681
4'378'833
4'345'534
4'333'363
4'196'949
3'799'389
3'546'132
3'279'692
% Out
10.91
5.47
4.97
4.62
3.51
3.11
2.06
1.8
1.34
1.34
1.26
1.18
1.01
1
1
0.99
0.96
0.87
0.81
0.75
Weighting
Change
5
5
5
3
5
3
5
5
5
3
5
5
3
3
3
2
5
5
5
3
5
#N/A N/A
3
3
3
3
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
N
Latest Chg
724'042
193'283
(3'954'786)
690'828
(2'770'670)
914'367
187'224
(52'440)
(163'845)
(762'123)
(139'469)
(571'875)
1'674'312
1'416'393
403'832
1'112'363
(109'758)
(52'878)
77'350
Target Price
115
113
115
#N/A N/A
117
106
116
110
116
97
#N/A N/A
107
105
98
#N/A N/A
65
113
115
113
108
115
110
#N/A N/A
#N/A N/A
105
110
105
#N/A N/A
File Dt
31.03.2013
24.04.2013
23.04.2013
31.03.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
6 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
18 month
12 month
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
23.04.2013
22.04.2013
17.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
25.03.2013
19.03.2013
15.03.2013
13.03.2013
13.03.2013
13.03.2013
12.03.2013
12.03.2013
12.03.2013
12.03.2013
27.02.2013
30.04.2013
Dell Inc
Dell Inc. offers a wide range of computers and related products. The Company
sells personal computers, servers and networking products, storage systems,
mobility products, software and peripherals, and services. Dell serves
consumers and businesses in the Americas, Europe, the Middle East, Africa, and
the Asia Pacific region.
Price/Volume
18
50.0 M
45.0 M
40.0 M
35.0 M
30.0 M
25.0 M
20.0 M
15.0 M
10.0 M
5.0 M
.0 M
16
14
12
10
8
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (01.05.2012)
52-Week Low (16.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 06.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
DELL UW EQUITY YTD Change
DELL UW EQUITY YTD % CHANGE
01/2013
02/yy
16.59
8.70
1'231'977.00
13.34
-19.59%
53.42%
58.83%
1'747.2
23'307.92
9'085.00
0.0
21.0
12'777.00
19'636.92
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
4
2
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
31.01.2010
31.01.2011
52'902.0
61'494.0
0.35x
0.27x
3'024.0
4'403.0
6.06x
3.83x
1'433.0
2'635.0
13.58x
9.20x
Profitability
LTM-4Q
31.01.2012
62'071.0
0.41x
5'367.0
4.76x
3'492.0
8.87x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
56'940.0
0.35x
4'156.0
4.82x
2'372.0
9.21x
4'156.00
3'012.00
5.29%
4.99%
5.15%
24.21%
13.57%
1.24%
21.4%
7.3%
5.3%
4.2%
1.19
0.97
19.11%
85.07%
5.80
32.13
LTM
02/yy
62'071.0
1.52x
5'367.0
4.76x
3'492.0
8.83x
02/yy
56'940.0
1.29x
4'156.0
4.82x
2'372.0
9.15x
FY+1
0.60
1.11
1'470.14
24.09
-16.74%
32.42%
1.113
29
3.138
4'317'914
4'093'568
5'698'749
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
55'729.9
55'641.7
13'523.7
13'934.3
0.33x
0.31x
1.48x
1.29x
4'084.9
4'302.6
946.7
1'093.2
4.81x
4.56x
4.54x
4.39x
2'666.3
2'697.5
607.8
662.3
8.75x
8.14x
8.78x
8.58x
S&P Issuer Ratings
05.02.2013
A- *05.02.2013
A-1 *15.39
13.49
-0.89
2.19
85.1%
45.9%
1.24
26.80
62.79
11.33
94.54
-20.41
Sales/Revenue/Turnover
10.00
70'000.0
9.00
60'000.0
8.00
7.00
50'000.0
6.00
40'000.0
5.00
30'000.0
4.00
20'000.0
3.00
2.00
10'000.0
1.00
0.00
29.01.2010
0.0
29.07.2010
29.01.2011
29.07.2011
29.01.2012
29.07.2012
29.01.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
Dell Inc
Holdings By:
All
Holder Name
DELL MICHAEL S
SOUTHEASTERN ASSET M
T ROWE PRICE ASSOCIA
STATE STREET
BLACKROCK
VANGUARD GROUP INC
FMR LLC
CITIGROUP INCORPORAT
HARRIS ASSOCIATES LP
FRANKLIN RESOURCES
DODGE & COX
INVESCO LTD
BROWN BROTHERS HARRI
NORTHERN TRUST CORPO
BANK OF NEW YORK MEL
YACKTMAN ASSET MANAG
MORGAN STANLEY
SCHRODER INVESTMENT
NORGES BANK
PZENA INVESTMENT MAN
Firm Name
BMO Capital Markets
Morgan Stanley
Edward Jones
Jefferies
Wells Fargo Securities, LLC
Topeka Capital Markets Inc
Mizuho Securities USA Inc
Deutsche Bank
Sanford C. Bernstein & Co
Wedge Partners
Raymond James
Monness, Crespi, Hardt & Co
Pacific Crest Securities
Robert W. Baird & Co
Brean Murray Carret & Co
S&P Capital IQ
Stifel
Argus Research Corp
Needham & Co
Cowen and Company
Maxim Group LLC
Cross Research
Credit Agricole Securities (USA)
FBN Securities
ISI Group
CRT Capital Group
Crowell, Weedon & Co
Goldman Sachs
Credit Suisse
JPMorgan
Evercore Partners
Barclays
EVA Dimensions
RBC Capital Markets
Jyske Bank
Portfolio Name
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
VANGUARD GROUP INC
n/a
CITIGROUP INCORPORAT
HARRIS ASSOC LP
n/a
DODGE & COX
n/a
BROWN BROTHERS HARRI
NORTHERN TRUST CORPO
BANK OF NEW YORK MEL
YACKTMAN ASSET MANAG
n/a
SCHRODER INVESTMENT
NORGES BANK
PZENA INVESTMENT MAN
Analyst
KEITH F BACHMAN
KATHRYN HUBERTY
WILLIAM C KREHER
PETER J MISEK
MAYNARD UM
BRIAN J WHITE
ABHEY R LAMBA
CHRISTOPHER WHITMORE
TONI SACCONAGHI
JUN ZHANG
BRIAN G ALEXANDER
JEFFREY FIDACARO
BRENT A BRACELIN
JAYSON NOLAND SR
ANANDA BARUAH
ANGELO ZINO
AARON C RAKERS
JAMES KELLEHER
RICHARD J KUGELE
MATTHEW HOFFMAN
ASHOK KUMAR
SHANNON S CROSS
AVI SILVER
SHEBLY SEYRAFI
BRIAN MARSHALL
LANCE W VITANZA
JAMES D RAGAN
WILLIAM C SHOPE JR
KULBINDER GARCHA
MARK A MOSKOWITZ
ROBERT CIHRA
BENJAMIN A REITZES
ANDREW S ZAMFOTIS
AMIT DARYANANI
ROBERT JAKOBSEN
Source
13G
13D
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
Recommendation
market perform
not rated
hold
hold
market perform
buy
neutral
hold
market perform
no rating system
market perform
neutral
sector perform
neutral
hold
hold
hold
sell
hold
neutral
hold
hold
underperform
sector perform
neutral
not rated
neutral
not rated
restricted
restricted
suspended coverage
suspended coverage
overweight
sector perform
strong buy
Amt Held
273'332'371
121'514'858
82'129'627
81'668'303
76'581'657
64'965'821
32'607'204
31'299'087
27'729'975
25'888'618
23'983'550
23'331'742
20'513'052
19'112'269
18'235'123
14'912'159
14'374'325
14'050'626
12'735'099
12'677'923
% Out
15.64
6.95
4.7
4.67
4.38
3.72
1.87
1.79
1.59
1.48
1.37
1.34
1.17
1.09
1.04
0.85
0.82
0.8
0.73
0.73
Weighting
Change
3
#N/A N/A
3
3
3
5
3
3
3
#N/A N/A
3
3
3
3
3
3
3
1
3
3
3
3
1
3
3
#N/A N/A
3
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
5
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
D
M
M
M
M
M
M
M
M
Latest Chg
(1'810'700)
5'586'760
63'258
8'761'743
1'867'156
22'548'224
172'333
(1'009'692)
4'511'017
(85'300)
(9'214'269)
(248'673)
369'712
(525'030)
14'912'159
(2'616'894)
9'838'823
(477'474)
(1'738'375)
Target Price
14
#N/A N/A
#N/A N/A
14
#N/A N/A
18
15
14
15
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
15
#N/A N/A
15
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
14
14
#N/A N/A
#N/A N/A
14
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
12
17
File Dt
Inst Type
31.12.2012
n/a
14.03.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Government
31.12.2012 Hedge Fund Manager
Date
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Date
24.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
16.04.2013
12.04.2013
11.04.2013
01.04.2013
01.04.2013
28.03.2013
26.03.2013
25.03.2013
25.03.2013
28.02.2013
21.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
19.02.2013
11.02.2013
06.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
05.02.2013
16.01.2013
09.01.2013
24.05.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (19.02.2013)
52-Week Low (02.08.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 14.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
XRAY UW EQUITY YTD Change
XRAY UW EQUITY YTD % CHANGE
12/2012
12/yy
43.50
35.04
144'435.00
42.2
-2.99%
20.43%
84.63%
142.8
6'028.27
1'521.00
0.0
40.7
80.13
7'509.88
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
2'159.4
2'221.0
2.44x
2.25x
453.3
457.2
11.61x
10.91x
274.3
265.7
18.81x
18.04x
Profitability
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.12.2011
2'537.7
2.63x
421.6
15.85x
244.5
15.79x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'928.4
2.43x
536.9
13.26x
314.2
16.69x
536.86
407.66
13.92%
11.18%
6.46%
15.49%
10.05%
0.60%
53.1%
18.3%
13.9%
10.7%
1.20
0.56
30.59%
68.86%
6.73
3.59
12/yy
2'537.7
9.29x
421.6
15.85x
244.5
15.78x
LTM
12/yy
2'928.4
9.79x
536.9
13.26x
314.2
16.69x
FY+1
0.52
1.13
142.51
7.00
3.38%
6.70%
1.129
17
3.588
151'084
213'179
219'938
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
3'050.9
3'185.8
731.9
798.7
2.36x
2.20x
10.38x
9.45x
622.9
663.5
154.7
173.3
12.06x
11.32x
11.66x
345.4
379.9
78.8
95.5
17.51x
15.82x
17.52x
17.13x
S&P Issuer Ratings
02.09.2011
BBB+
STABLE
25.08.2011
A-2
9.44
7.82
2.68
2.83
68.9%
40.3%
0.60
4.86
54.37
101.99
40.71
115.66
Sales/Revenue/Turnover
18.00
3'500.0
16.00
3'000.0
14.00
2'500.0
12.00
10.00
2'000.0
8.00
1'500.0
6.00
1'000.0
4.00
500.0
2.00
0.00
01.01.2010
1.0 M
.9 M
.8 M
.7 M
.6 M
.5 M
.4 M
.3 M
.2 M
.1 M
.0 M
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
T ROWE PRICE ASSOCIA
SUN LIFE FINANCIAL I
BROWN BROTHERS HARRI
VANGUARD GROUP INC
BLACKROCK
STATE STREET
SELECT EQUITY GROUP
ATLANTA CAPITAL MANA
WESTFIELD CAPITAL MG
FMR LLC
WELLINGTON MANAGEMEN
MUNDER CAPITAL MANAG
PRINCIPAL FINANCIAL
NEUBERGER BERMAN LLC
COLUMBIA WANGER ASSE
NORTHERN TRUST CORPO
BANK OF NEW YORK MEL
INVESCO LTD
LUTHER KING CAPITAL
ASTER INVESTMENT MGM
Firm Name
Morgan Stanley
Credit Suisse
William Blair & Co
CL King & Associates
Northcoast Research
Robert W. Baird & Co
Edward Jones
Wellington Shields & Co. LLC
Jefferies
Barrington Research
Stifel
Goldman Sachs
EVA Dimensions
S&P Capital IQ
Portfolio Name
T ROWE PRICE ASSOCIA
n/a
BROWN BROTHERS HARRI
VANGUARD GROUP INC
n/a
n/a
SELECT EQUITY GROUP
ATLANTA CAPITAL MANA
WESTFIELD CAPITAL MA
n/a
WELLINGTON MANAGEMEN
MUNDER CAPITAL MANAG
n/a
NEUBERGER BERMAN GRO
COLUMBIA WANGER ASSE
NORTHERN TRUST CORPO
BANK OF NEW YORK MEL
n/a
LUTHER KING CAPITAL
ASTER INVESTMENT MAN
Analyst
STEVE BEUCHAW
GLEN SANTANGELO
JOHN C KREGER
ROSS TAYLOR
EDWIN SNYDER
JEFFREY D JOHNSON
MATTHEW D COLLINS
ELLIOTT LEO SCHLANG
BRANDON COUILLARD
CHARLES R JONES
JONATHAN D BLOCK
ROBERT P JONES
ANDREW S ZAMFOTIS
PHILLIP SELIGMAN
Source
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
Recommendation
Equalwt/In-Line
neutral
market perform
buy
buy
outperform
buy
hold
buy
outperform
hold
neutral/neutral
underweight
buy
Amt Held
21'763'768
12'381'666
9'477'744
8'935'425
7'674'325
7'643'898
4'708'489
3'696'111
3'008'167
2'847'602
2'285'400
2'268'847
2'142'310
2'100'664
2'090'500
1'984'283
1'817'456
1'576'984
1'501'637
1'288'000
% Out
15.24
8.67
6.63
6.26
5.37
5.35
3.3
2.59
2.11
1.99
1.6
1.59
1.5
1.47
1.46
1.39
1.27
1.1
1.05
0.9
Weighting
Change
3
3
3
5
5
5
5
3
5
5
3
3
1
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
2'267'669
328'184
146'210
450'821
209'099
443'308
43'840
106'680
(403'831)
(200'000)
(9'049)
530'482
2'218
441'000
(66'306)
84'296
(153'629)
225'220
(163'890)
Target Price
#N/A N/A
43
#N/A N/A
48
48
46
#N/A N/A
#N/A N/A
44
45
#N/A N/A
44
#N/A N/A
41
File Dt
Inst Type
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Date
19.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
15.04.2013
08.04.2013
01.03.2013
25.02.2013
25.02.2013
25.02.2013
20.02.2013
15.01.2013
25.10.2012
30.04.2013
DIRECTV
DIRECTV provides digital television entertainment in the United States and
Latin America. The Company acquires, promotes, sells and distributes digital
entertainment programming via satellite to residential and commercial
subscribers.
Price/Volume
70
8.0 M
60
7.0 M
50
6.0 M
5.0 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (02.04.2013)
52-Week Low (13.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 04.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
DTV UW EQUITY YTD Change
DTV UW EQUITY YTD % CHANGE
12/2012
12/yy
57.77
42.87
956'339.00
57.15
-1.07%
33.31%
95.84%
570.9
32'629.28
17'966.00
0.0
400.0
1'902.00
49'093.28
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.0 M
20
2.0 M
10
1.0 M
0
a-12
31.12.2009
31.12.2010
21'565.0
24'102.0
1.68x
1.72x
5'265.0
6'342.0
6.88x
6.55x
942.0
2'198.0
22.06x
17.31x
Profitability
LTM-4Q
31.12.2011
27'226.0
1.56x
6'939.0
6.11x
2'609.0
12.43x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
29'740.0
1.54x
7'447.0
6.16x
2'949.0
11.10x
7'447.00
5'085.00
17.10%
14.94%
15.13%
30.07%
1.53%
47.6%
25.0%
17.1%
9.9%
1.00
0.83
87.40%
11.50
45.03
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
12/yy
27'226.0
6.64x
6'939.0
6.11x
2'609.0
12.35x
LTM
12/yy
29'740.0
6.19x
7'447.0
6.16x
2'949.0
11.05x
FY+1
0.00
0.89
542.31
16.01
15.99%
13.94%
0.895
26
4.038
999'180
1'417'518
1'596'451
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
31'892.1
34'136.2
7'522.9
7'759.4
1.59x
1.53x
6.54x
6.41x
7'882.0
8'553.7
1'878.3
2'106.7
6.23x
5.74x
6.26x
6.10x
2'694.9
2'918.0
637.5
774.4
11.81x
9.83x
11.77x
11.03x
S&P Issuer Ratings
25.02.2011
BBB
STABLE
19.11.2012
A-2
8.60
4.73
2.16
2.41
138.9%
1.53
3.76
31.81
8.13
27.99
11.95
Sales/Revenue/Turnover
9.00
35'000.0
8.00
30'000.0
7.00
25'000.0
6.00
5.00
20'000.0
4.00
15'000.0
3.00
10'000.0
2.00
5'000.0
1.00
0.00
01.01.2010
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
4.0 M
30
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
DIRECTV
Holdings By:
All
Holder Name
CAPITAL GROUP COMPAN
BLACKROCK
STATE STREET
BERKSHIRE HATHAWAY I
MALONE JOHN C
VANGUARD GROUP INC
SOUTHEASTERN ASSET M
PRIMECAP MANAGEMENT
INVESCO LTD
FMR LLC
UBS
NORTHERN TRUST CORPO
MANNING & NAPIER ADV
HIGHFIELDS CAPITAL M
HARRIS ASSOCIATES LP
GAMCO
BANK OF NEW YORK MEL
CLEARBRIDGE INVESTME
LSV ASSET MANAGEMENT
GOLDMAN SACHS GROUP
Firm Name
Deutsche Bank
Pacific Crest Securities
RBC Capital Markets
Credit Suisse
JPMorgan
ISI Group
Edward Jones
Morgan Stanley
Jefferies
Stifel
Wunderlich Securities
Guggenheim Securities LLC
Macquarie
Nomura
Wells Fargo Securities, LLC
Brean Murray Carret & Co
Atlantic Equities LLP
S&P Capital IQ
Pivotal Research Group LLC
Goldman Sachs
Evercore Partners
Telsey Advisory Group
New Street Research
EVA Dimensions
Portfolio Name
n/a
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
SOUTHEASTERN ASSET M
PRIMECAP MANAGEMENT
n/a
n/a
n/a
NORTHERN TRUST CORPO
MANNING & NAPIER ADV
HIGHFIELDS CAPITAL M
HARRIS ASSOC LP
n/a
BANK OF NEW YORK MEL
CLEARBRIDGE INVESTME
LSV ASSET MANAGEMENT
GOLDMAN SACHS GROUP
Analyst
DOUGLAS D MITCHELSON
ANDY HARGREAVES
JONATHAN ATKIN
MICHAEL SENNO
PHILIP CUSICK
VIJAY JAYANT
DAVID HEGER
BENJAMIN SWINBURNE
THOMAS O SEITZ
CHRISTOPHER C KING
MATTHEW HARRIGAN
SHING YIN
AMY YONG
MICHAEL L MCCORMACK
MARCI RYVICKER
TODD MITCHELL
CHRISTOPHER WATTS
TUNA AMOBI
JEFFREY WLODARCZAK
JASON ARMSTRONG
BRYAN KRAFT
JAISON BLAIR
ANDREW ENTWISTLE
CRAIG STERLING
Source
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
Form 4
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
Recommendation
buy
sector perform
sector perform
neutral
neutral
neutral
buy
Overwt/In-Line
buy
buy
buy
buy
neutral
reduce
market perform
buy
overweight
hold
buy
neutral/attractive
overweight
no rating system
buy
buy
Amt Held
53'171'004
38'143'004
36'419'239
34'037'500
27'717'717
26'382'691
25'794'847
21'475'390
11'804'878
9'372'647
8'814'492
8'059'587
7'745'527
7'579'945
7'370'883
7'166'238
6'489'214
6'407'491
5'654'678
5'634'474
% Out
9.31
6.68
6.38
5.96
4.85
4.62
4.52
3.76
2.07
1.64
1.54
1.41
1.36
1.33
1.29
1.26
1.14
1.12
0.99
0.99
Weighting
Change
5
3
3
3
3
3
5
5
5
5
5
5
3
2
3
5
5
3
5
3
5
#N/A N/A
5
5
M
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(10'640'111)
(366'387)
4'481'900
26'100'639
(1'285'417)
(1'255'886)
(1'593'165)
(1'148'717)
(2'371'987)
(1'019'143)
(368'428)
1'090'420
(2'973'987)
1'986'000
(400'468)
226'943
(370'220)
1'467'272
(22'895)
Target Price
61
#N/A N/A
60
58
58
55
#N/A N/A
60
60
65
70
64
53
40
#N/A N/A
66
64
52
64
56
60
62
61
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
16.06.2010
n/a
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Unclassified
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Unclassified
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
Date
12 month
Not Provided
12 month
Not Provided
6 month
12 month
Not Provided
12 month
12 month
Not Provided
18 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Date
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
21.04.2013
19.04.2013
18.04.2013
17.04.2013
16.04.2013
15.04.2013
09.04.2013
06.04.2013
05.04.2013
05.04.2013
25.03.2013
15.03.2013
06.03.2013
06.03.2013
15.02.2013
15.02.2013
15.02.2013
14.02.2013
15.01.2013
30.04.2013
Price/Volume
90
3.5 M
80
3.0 M
70
2.5 M
60
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (11.04.2013)
52-Week Low (05.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 21.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
DISCA UW EQUITY YTD Change
DISCA UW EQUITY YTD % CHANGE
12/2012
12/yy
81.42
48.03
306'621.00
78.83
-3.18%
64.13%
92.24%
145.7
28'380.88
5'243.00
2.0
2.0
1'201.00
32'426.88
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
2.0 M
40
1.5 M
30
1.0 M
20
.5 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
31.12.2009
31.12.2010
3'516.0
3'773.0
3.13x
5.42x
1'204.0
1'517.0
9.14x
13.49x
560.0
653.0
30.20x
24.33x
Profitability
LTM-4Q
31.12.2011
4'168.0
4.59x
1'823.0
10.50x
1'132.0
15.51x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
4'487.0
5.20x
1'978.0
11.80x
943.0
25.19x
1'978.00
1'861.00
41.48%
33.83%
7.59%
14.73%
9.88%
0.36%
72.9%
43.7%
41.1%
21.0%
2.89
2.46
40.55%
83.37%
4.16
-
12/yy
4'204.0
16.85x
1'822.0
10.50x
1'132.0
15.37x
LTM
12/yy
4'521.0
17.78x
1'975.0
11.82x
943.0
25.19x
FY+1
0.00
1.00
143.30
12.55
44.85%
24.18%
0.996
28
3.571
318'737
413'121
453'302
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
5'552.0
6'143.5
1'156.8
1'445.4
6.07x
5.58x
28.96x
23.27x
2'439.7
2'755.3
512.3
659.7
13.29x
11.77x
13.25x
12.79x
1'220.5
1'470.2
240.0
330.8
23.37x
18.53x
23.35x
21.75x
S&P Issuer Ratings
09.03.2011
BBB
STABLE
7.98
7.67
2.05
2.65
83.4%
45.4%
0.36
11.79
87.92
18.17
-
Sales/Revenue/Turnover
60.00
5'000.0
4'500.0
50.00
4'000.0
3'500.0
40.00
3'000.0
30.00
2'500.0
2'000.0
20.00
1'500.0
1'000.0
10.00
0.00
01.01.2010
500.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
AMERIPRISE FINANCIAL
JANUS CAPITAL MANAGE
BANK OF NEW YORK MEL
WADDELL & REED FINAN
SUN LIFE FINANCIAL I
NORTHERN TRUST CORPO
ING INVESTMENT MANAG
INVESCO LTD
WILLIAM BLAIR & COMP
GOLDMAN SACHS GROUP
FIRST MANHATTAN CO A
MUNDER CAPITAL MANAG
NEUBERGER BERMAN LLC
BAMCO INC
DSM CAPITAL PARTNERS
CAPITAL GROUP COMPAN
Firm Name
Susquehanna Financial Group
Barrington Research
Cowen and Company
MKM Partners
Sanford C. Bernstein & Co
B Riley & Company, Inc
Credit Suisse
Nomura
JPMorgan
Barclays
Needham & Co
Pivotal Research Group LLC
Deutsche Bank
Morgan Stanley
RBC Capital Markets
Lazard Capital Markets
Davenport & Co
Goldman Sachs
Macquarie
S&P Capital IQ
Telsey Advisory Group
Evercore Partners
Atlantic Equities LLP
Piper Jaffray
EVA Dimensions
Wedge Partners
Gabelli & Co
BTIG LLC
Hudson Square Research
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
AMERIPRISE FINANCIAL
n/a
BANK OF NEW YORK MEL
WADDELL & REED FINAN
n/a
NORTHERN TRUST CORPO
ING INVESTMENT MANAG
n/a
WILLIAM BLAIR & COMP
GOLDMAN SACHS GROUP
FIRST MANHATTAN COMP
MUNDER CAPITAL MANAG
NEUBERGER BERMAN GRO
BAMCO INC
DSM CAPITAL PARTNERS
n/a
Analyst
VASILY KARASYOV
JAMES C GOSS
DOUGLAS CREUTZ
ERIC O HANDLER
TODD JUENGER
DAVID W MILLER
MICHAEL SENNO
MICHAEL NATHANSON
ALEXIA S QUADRANI
ANTHONY J DICLEMENTE
LAURA A MARTIN
BRIAN WIESER
DOUGLAS D MITCHELSON
BENJAMIN SWINBURNE
DAVID BANK
BARTON CROCKETT
MICHAEL C MORRIS
DREW BORST
AMY YONG
TUNA AMOBI
JAISON BLAIR
ALAN GOULD
HAMILTON FABER
JAMES M MARSH JR
CRAIG STERLING
MARTIN PYYKKONEN
BRETT HARRISS
RICHARD GREENFIELD
MARLA S BACKER
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
Recommendation
neutral
market perform
outperform
neutral
outperform
buy
underperform
neutral
neutral
equalweight
hold
hold
buy
Equalwt/Attractive
outperform
buy
buy
sell/attractive
neutral
buy
no rating system
equalweight
neutral
neutral
overweight
no rating system
buy
neutral
buy
Amt Held
27'072'344
14'370'610
11'876'615
10'872'715
4'118'371
3'171'565
2'933'329
2'890'950
2'806'156
2'802'220
2'664'481
2'640'394
2'322'118
2'309'576
2'018'003
1'965'867
1'960'332
1'791'677
1'737'867
1'691'786
% Out
18.58
9.86
8.15
7.46
2.83
2.18
2.01
1.98
1.93
1.92
1.83
1.81
1.59
1.58
1.38
1.35
1.35
1.23
1.19
1.16
Weighting
Change
3
3
5
3
5
5
1
3
3
3
3
3
5
3
5
5
5
1
3
5
#N/A N/A
3
3
3
5
#N/A N/A
5
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
Latest Chg
913'978
251'406
57'544
2'500'360
621'142
1'508'900
479'325
(66'715)
1'305'667
(13'148)
424'082
1'143'456
(50'824)
498'261
(246'723)
(8'638)
(214'110)
(107'385)
62'206
(2'591'432)
Target Price
84
#N/A N/A
#N/A N/A
72
87
90
77
67
85
70
#N/A N/A
72
91
83
84
90
85
62
65
78
82
69
51
40
#N/A N/A
#N/A N/A
#N/A N/A
44
36
File Dt
28.02.2013
23.04.2013
24.04.2013
31.03.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
Date
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
6 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
23.04.2013
22.04.2013
19.04.2013
19.04.2013
17.04.2013
17.04.2013
16.04.2013
16.04.2013
12.04.2013
11.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
05.04.2013
15.02.2013
15.02.2013
15.02.2013
15.02.2013
14.02.2013
14.02.2013
11.02.2013
15.01.2013
10.10.2012
01.08.2012
11.10.2010
15.09.2009
30.04.2013
Price/Volume
60
4.0 M
3.5 M
50
3.0 M
40
01/2013
02/yy
56.82
37.13
337'333.00
47.79
-15.88%
28.73%
54.16%
227.2
10'858.19
271.30
0.0
0.0
399.90
10'729.59
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
2.0 M
1.5 M
20
1.0 M
10
0
a-12
.5 M
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.5 M
30
Valuation Analysis
31.01.2010
31.01.2011
5'231.2
5'882.4
0.77x
1.03x
670.6
816.0
5.97x
7.44x
320.5
397.3
13.91x
15.50x
Profitability
LTM-4Q
31.01.2012
6'630.5
1.47x
946.0
10.32x
488.3
21.00x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
7'394.5
1.20x
1'095.4
8.11x
619.3
17.15x
1'095.40
920.10
12.44%
13.24%
24.38%
41.12%
35.00%
2.91%
35.9%
14.8%
12.4%
8.4%
2.18
0.59
9.86%
16.27%
5.16
01/yy
6'630.5
5.09x
946.0
10.32x
488.3
20.85x
LTM
02/yy
7'394.5
5.62x
1'095.4
8.11x
619.3
15.87x
FY+1
0.00
0.78
219.15
3.55
-5.98%
17.83%
0.783
25
4.120
413'678
636'228
775'146
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
7'938.6
8'612.1
1'867.0
1'858.3
1.34x
1.25x
5.73x
5.75x
1'179.4
1'322.1
254.1
251.8
9.10x
8.12x
9.07x
8.84x
619.3
686.2
128.1
127.2
17.21x
14.92x
17.15x
16.68x
S&P Issuer Ratings
391.21
279.71
-0.12
0.25
16.3%
14.0%
2.91
8.28
71.95
24.24
-
Sales/Revenue/Turnover
25.00
8'000.0
7'000.0
20.00
6'000.0
5'000.0
15.00
4'000.0
10.00
3'000.0
2'000.0
5.00
0.00
05.02.2010
1'000.0
0.0
05.08.2010
05.02.2011
05.08.2011
05.02.2012
05.08.2012
05.02.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
All
Holder Name
BLACKROCK
VANGUARD GROUP INC
STATE STREET
WELLS FARGO
LONE PINE CAPITAL LL
T ROWE PRICE ASSOCIA
MORGAN STANLEY
FMR LLC
BLUE RIDGE CAPITAL L
JANUS CAPITAL MANAGE
ETON PARK CAPITAL MA
ALLIANZ ASSET MANAGE
JENNISON ASSOCIATES
WELLINGTON MANAGEMEN
BROCK JR MACON F
LUXOR CAPITAL GROUP
DB PLATINUM ADVISORS
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
RENAISSANCE TECHNOLO
Firm Name
Jefferies
Nomura
Morgan Stanley
Goldman Sachs
Raymond James
BB&T Capital Markets
JPMorgan
Deutsche Bank
Johnson Rice & Co
FBR Capital Markets
Wells Fargo Securities, LLC
Feltl & Company
MKM Partners
Barclays
Telsey Advisory Group
Northcoast Research
BMO Capital Markets
RBC Capital Markets
Credit Suisse
Wedbush
Buckingham Research Group
Canaccord Genuity Corp
Piper Jaffray
EVA Dimensions
Morgan Stanley
S&P Capital IQ
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
n/a
LONE PINE CAPITAL LL
T ROWE PRICE ASSOCIA
n/a
n/a
BLUE RIDGE CAPITAL L
n/a
ETON PARK CAPITAL MA
n/a
JENNISON ASSOCIATES
WELLINGTON MANAGEMEN
n/a
LUXOR CAPITAL GROUP
Multiple Portfolios
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
RENAISSANCE TECHNOLO
Analyst
DANIEL T BINDER
ARAM RUBINSON
MARK WILTAMUTH
STEPHEN GRAMBLING
DANIEL R WEWER JR
ANTHONY CHUKUMBA
MATTHEW BOSS
PAUL TRUSSELL
DAVID M MANN
DUTCH FOX
MATTHEW NEMER
BRENT R RYSTROM
PATRICK G MCKEEVER JR
MEREDITH ADLER
JOSEPH I FELDMAN
NICHOLAS MITCHELL
WAYNE HOOD
R SCOT CICCARELLI
EDWARD J KELLY
JOAN L STORMS
JOHN M ZOLIDIS
LAURA A CHAMPINE
PETER J KEITH
CRAIG STERLING
JOSEPH PARKHILL
JOSEPH AGNESE
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
Form 4
13F
MF-AGG
13F
13F
13F
Recommendation
hold
neutral
Overwt/In-Line
Buy/Neutral
strong buy
buy
overweight
hold
equalweight
market perform
outperform
strong buy
buy
equalweight
no rating system
neutral
outperform
outperform
outperform
outperform
neutral
hold
neutral
overweight
Equalwt/In-Line
hold
Amt Held
14'931'182
13'972'930
13'744'699
12'451'294
11'804'692
11'394'576
8'433'857
8'359'549
6'500'000
5'285'877
4'500'000
3'960'482
3'621'416
3'480'399
3'207'040
3'203'362
3'097'519
3'087'456
3'043'869
2'746'830
% Out
6.57
6.15
6.05
5.48
5.2
5.02
3.71
3.68
2.86
2.33
1.98
1.74
1.59
1.53
1.41
1.41
1.36
1.36
1.34
1.21
Weighting
Change
3
3
5
5
5
5
5
3
3
3
5
5
5
3
#N/A N/A
3
5
5
5
5
3
3
3
5
3
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
315'798
(772'919)
2'326'293
7'912'671
7'119'050
3'779'205
(13'711'833)
1'870'000
(827'100)
4'500'000
2'403'303
1'017'576
1'772'662
3'203'362
3'097'519
(36'042)
(104'819)
(488'100)
Target Price
41
48
57
54
53
60
45
43
#N/A N/A
43
#N/A N/A
53
50
42
48
#N/A N/A
60
50
55
54
46
46
47
#N/A N/A
40
48
File Dt
23.04.2013
31.03.2013
24.04.2013
28.02.2013
31.12.2012
31.12.2012
28.02.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
30.03.2013
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
Date
12 month
12 month
12 month
12 month
12 month
12 month
6 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Date
18.04.2013
12.04.2013
10.04.2013
03.04.2013
14.03.2013
13.03.2013
04.03.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
15.01.2013
07.01.2013
16.08.2012
30.04.2013
eBay Inc
eBay Inc. operates an online trading community. The Company's service is used
by buyers and sellers for the exchange of products and services such as coins,
collectibles, computers, memorabilia, stamps and toys, as well as concert and
sporting tickets. eBay also offers, through a subsidiary, secure online
payment services.
Price/Volume
70
60
50
40
Valuation Analysis
30
12/2012
03/yy
58.04
38.00
2'127'212.00
52.84
-8.96%
39.05%
74.05%
1'297.8
68'575.20
4'519.00
0.0
0.0
9'408.00
63'698.20
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
20
31.12.2009
31.12.2010
8'727.4
9'156.3
2.93x
3.42x
2'305.9
2'837.5
11.10x
11.03x
2'389.1
1'801.0
15.90x
20.17x
Profitability
LTM-4Q
31.12.2011
11'651.7
3.02x
3'313.0
10.62x
3'229.4
17.23x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
14'072.0
4.34x
4'088.0
14.95x
2'609.0
26.15x
4'088.00
2'888.00
20.52%
21.92%
8.21%
13.65%
0.44%
70.0%
29.5%
20.9%
18.5%
1.96
0.94
12.19%
21.66%
21.14
-
10.0 M
9.0 M
8.0 M
7.0 M
6.0 M
5.0 M
4.0 M
3.0 M
2.0 M
1.0 M
.0 M
a-13
LTM
03/yy
12'383.0
12.55x
3'489.4
12.57x
3'323.5
20.16x
03/yy
14'542.0
16.15x
4'285.0
15.25x
2'717.0
26.98x
FY+1
0.00
1.24
1'173.38
15.35
28.72%
3.57%
1.236
43
4.628
2'836'915
3'470'848
3'069'363
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
16'324.6
19'014.4
3'892.8
3'971.1
3.86x
3.18x
16.18x
15.65x
5'358.2
6'217.1
1'247.1
1'287.2
11.89x
10.25x
11.44x
10.96x
3'625.3
4'271.1
837.7
860.6
19.27x
16.36x
18.56x
17.80x
S&P Issuer Ratings
02.03.2010
A
STABLE
05.11.2010
A-1
64.89
44.94
-1.14
1.06
21.7%
17.8%
0.44
6.21
17.27
26.35
-
Sales/Revenue/Turnover
25.00
16'000.0
14'000.0
20.00
12'000.0
10'000.0
15.00
8'000.0
10.00
6'000.0
4'000.0
5.00
0.00
01.01.2010
2'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
eBay Inc
Holdings By:
All
Holder Name
OMIDYAR PIERRE M
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
JANUS CAPITAL MANAGE
INVESCO LTD
WELLINGTON MANAGEMEN
BAILLIE GIFFORD AND
WELLS FARGO
OPPENHEIMERFUNDS INC
DODGE & COX
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
TIAA CREF INVESTMENT
JP MORGAN
UBS
WINSLOW CAPITAL MANA
CITIGROUP INCORPORAT
Firm Name
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
n/a
n/a
WELLINGTON MANAGEMEN
BAILLIE GIFFORD & CO
n/a
OPPENHEIMER FUNDS IN
DODGE & COX
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
TIAA-CREF INVESTMENT
n/a
n/a
WINSLOW CAPITAL MANA
CITIGROUP INCORPORAT
Analyst
Source
Form 4
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
Recommendation
outperform
market outperform
outperform
buy
outperform
outperform
outperform
Overwt/Attractive
outperform
neutral
buy
overweight
buy
buy
buy
outperform
outperform
neutral
buy
buy
buy
overweight
buy
neutral
hold
Positive
overweight
overweight
buy
buy
equalweight
no rating system
neutral
buy
hold
outperform
buy
outperform
overweight
buy/attractive
buy
Amt Held
121'858'408
68'453'183
63'293'953
62'542'024
53'402'102
45'140'231
40'275'490
31'965'970
28'907'848
28'429'119
26'035'739
20'441'029
19'219'016
17'219'103
15'628'609
13'224'417
12'553'044
11'810'206
11'256'041
10'714'867
% Out
9.39
5.27
4.88
4.82
4.11
3.48
3.1
2.46
2.23
2.19
2.01
1.58
1.48
1.33
1.2
1.02
0.97
0.91
0.87
0.83
Weighting
Change
5
4
5
5
5
5
5
5
5
3
5
5
5
5
5
5
5
3
5
5
5
5
5
3
3
4
5
5
5
5
3
#N/A N/A
3
5
3
5
5
5
5
5
5
U
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
Latest Chg
(30'000)
477'861
5'198'513
(961'276)
1'439'219
4'482'329
(5'193'294)
(4'169'104)
(10'212'918)
(2'197'027)
(1'216'710)
(1'345'350)
(2'197'523)
(765'182)
49'071
492'872
2'943'378
719'651
2'454'742
10'676'215
Target Price
#N/A N/A
67
65
64
66
61
64
62
64
55
#N/A N/A
63
65
66
60
65
65
58
65
65
67
64
65
#N/A N/A
65
66
62
63
63
70
60
75
63
65
55
64
65
62
#N/A N/A
63
#N/A N/A
File Dt
21.12.2012
28.02.2013
22.04.2013
23.04.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
28.02.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
Date
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
6 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Inst Type
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
17.04.2013
17.04.2013
11.04.2013
02.04.2013
15.01.2013
11.01.2013
03.12.2012
30.04.2013
Equinix Inc
Equinix, Inc. provides core Internet exchange services to networks, Internet
infrastructure companies, enterprises, and content providers. The Company
operates Internet Business Exchange centers in several countries, where
customers can interconnect with the providers that serve Internet networks and
users for their peering, transit, and traffic exchange requirements.
Price/Volume
250
1.0 M
.8 M
100
12/2012
03/yy
231.21
146.52
285'591.00
210.97
-8.75%
43.99%
76.10%
48.8
10'296.11
3'010.75
0.0
84.2
418.71
13'998.45
.6 M
.4 M
50
.2 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
LTM-4Q
31.12.2011
1'569.8
4.45x
659.7
10.59x
94.0
56.33x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'895.7
6.72x
817.7
15.57x
144.7
68.96x
817.73
419.44
22.13%
10.36%
2.16%
6.63%
4.82%
0.29%
50.2%
42.6%
21.8%
7.6%
1.19
1.08
49.09%
128.92%
11.53
-
03/yy
1'677.4
17.67x
704.7
13.76x
103.4
79.52x
LTM
03/yy
1'981.0
18.23x
624.4
0.00x
146.0
71.63x
FY+1
0.00
1.14
48.33
8.79
28.48%
2.31%
1.138
23
4.391
448'863
213'169
230'622
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
2'206.7
2'547.0
533.9
561.8
6.25x
5.32x
25.36x
24.06x
1'005.5
1'166.6
242.7
254.9
13.92x
12.00x
13.30x
12.76x
145.4
242.8
12.1
42.5
73.43x
46.62x
64.40x
52.57x
S&P Issuer Ratings
28.02.2013
BB
STABLE
3.54
0.23
4.27
5.36
128.9%
55.4%
0.29
0.54
31.67
10.14
-
Sales/Revenue/Turnover
18.00
2'000.0
16.00
1'800.0
14.00
1'600.0
1'400.0
12.00
1'200.0
10.00
8.00
1'000.0
800.0
6.00
600.0
4.00
400.0
2.00
200.0
0.00
01.01.2010
1.2 M
150
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
1.4 M
200
Valuation Analysis
31.12.2008
704.7
4.18x
235.5
12.53x
107.9
18.60x
1.6 M
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Equinix Inc
Holdings By:
All
Holder Name
COATUE MANAGEMENT LL
LONE PINE CAPITAL LL
BLACKROCK
VANGUARD GROUP INC
GOLDMAN SACHS GROUP
PAULSON & CO
STATE STREET
MARSICO CAPITAL MANA
OZ MANAGEMENT LP
FIR TREE INCORPORATE
FMR LLC
BAMCO INC
BLUE RIDGE CAPITAL L
AMERICAN CENTURY COM
JAT CAPITAL MANAGEME
NORGES BANK
AMERIPRISE FINANCIAL
VIKING GLOBAL INVEST
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
Firm Name
Deutsche Bank
Morgan Stanley
JPMorgan
Jefferies
Raymond James
Evercore Partners
Nomura
Wells Fargo Securities, LLC
Stephens Inc
Canaccord Genuity Corp
FBN Securities
Stifel
Cowen and Company
RBC Capital Markets
Piper Jaffray
Oppenheimer & Co
Pacific Crest Securities
William Blair & Co
EVA Dimensions
Atlantic Equities LLP
Goldman Sachs
Gabelli & Co
Portfolio Name
COATUE MANAGEMENT LL
LONE PINE CAPITAL LL
n/a
VANGUARD GROUP INC
GOLDMAN SACHS GROUP
PAULSON & CO
n/a
MARSICO CAPITAL MANA
OZ MANAGEMENT
FIR TREE INCORPORATE
n/a
BAMCO INC
BLUE RIDGE CAPITAL L
AMERICAN CENTURY COM
JAT CAPITAL MANAGEME
NORGES BANK
AMERIPRISE FINANCIAL
VIKING GLOBAL INVEST
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
Analyst
BRETT FELDMAN
SIMON FLANNERY
STERLING AUTY
THOMAS O SEITZ
FRANK G LOUTHAN
JONATHAN SCHILDKRAUT
MICHAEL L MCCORMACK
GRAY W POWELL
BARRY MCCARVER
GREGORY MILLER
SHEBLY SEYRAFI
TODD C WELLER
COLBY SYNESAEL
JONATHAN ATKIN
CHRISTOPHER M LARSEN
TIMOTHY K HORAN
MICHAEL BOWEN
JAMES D BREEN JR
ANDREW S ZAMFOTIS
CHRISTOPHER WATTS
SCOTT GOLDMAN
SERGEY DLUZHEVSKIY
Source
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
buy
Equalwt/In-Line
not rated
buy
strong buy
overweight
buy
outperform
overweight
buy
outperform
buy
outperform
outperform
overweight
market perform
outperform
outperform
sell
neutral
neutral/neutral
buy
Amt Held
4'163'477
2'794'535
2'791'546
2'413'743
2'395'429
2'100'000
1'984'964
1'984'857
1'713'479
1'484'582
1'317'763
1'201'665
1'170'000
1'159'298
1'090'449
998'974
955'463
937'081
847'955
753'336
% Out
8.53
5.73
5.72
4.95
4.91
4.3
4.07
4.07
3.51
3.04
2.7
2.46
2.4
2.38
2.23
2.05
1.96
1.92
1.74
1.54
Weighting
Change
5
3
#N/A N/A
5
5
5
5
5
5
5
5
5
5
5
5
3
5
5
1
3
3
5
M
M
M
M
M
M
M
M
U
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
709'516
158'127
549'226
25'037
112'178
(124'775)
79'954
267'873
(818'672)
547'748
269'484
431'551
651'445
177'197
431'500
(1'421'727)
278'553
Target Price
270
#N/A N/A
#N/A N/A
250
245
265
235
#N/A N/A
305
250
270
265
#N/A N/A
250
245
#N/A N/A
240
#N/A N/A
#N/A N/A
205
216
#N/A N/A
File Dt
31.12.2012
31.12.2012
23.04.2013
31.03.2013
31.12.2012
31.12.2012
24.04.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
Date
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Inst Type
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Government
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
22.04.2013
21.04.2013
19.04.2013
18.04.2013
16.04.2013
09.04.2013
27.03.2013
12.03.2013
13.02.2013
13.02.2013
15.01.2013
02.11.2012
14.09.2012
14.09.2012
30.04.2013
Expedia Inc
Expedia, Inc. provides branded online travel services for leisure and small
business travelers. The Company offers a wide range of travel shopping and
reservation services, providing real-time access to schedule, pricing and
availability information for airlines, hotels, and car rental companies.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (05.02.2013)
52-Week Low (30.04.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 12.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
EXPE UW EQUITY YTD Change
EXPE UW EQUITY YTD % CHANGE
12/2012
12/yy
68.09
39.57
1'996'777.00
56.06
-17.67%
41.68%
57.82%
122.3
7'575.74
1'249.35
0.0
109.1
1'938.14
7'202.13
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
8.0 M
70
7.0 M
60
6.0 M
50
5.0 M
40
4.0 M
30
3.0 M
20
2.0 M
10
1.0 M
0
a-12
31.12.2009
31.12.2010
2'955.4
3'033.6
1.28x
2.33x
875.4
704.0
4.31x
10.04x
299.5
421.5
20.48x
22.76x
Profitability
LTM-4Q
31.12.2011
3'449.0
1.13x
719.2
5.41x
472.3
11.84x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
4'030.3
1.92x
809.3
9.56x
280.2
22.72x
809.30
548.75
13.62%
8.69%
2.35%
8.52%
6.88%
0.55%
77.7%
20.5%
12.4%
7.0%
0.88
0.80
17.63%
54.79%
8.11
-
12/yy
3'449.0
6.99x
693.9
5.61x
472.3
11.93x
j-12
j-12
a-12
s-12
LTM
12/yy
4'030.3
5.90x
809.3
9.56x
280.2
22.75x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.78
1.02
106.93
9.89
33.83%
-8.59%
1.020
29
3.828
1'275'616
743'020
744'944
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
4'817.7
5'452.6
1'252.8
1'406.8
1.42x
1.10x
5.59x
4.95x
890.8
1'036.6
222.0
347.6
8.08x
6.95x
7.82x
7.45x
477.1
567.5
117.7
209.6
16.82x
14.11x
16.47x
15.35x
S&P Issuer Ratings
22.12.2011
BBBSTABLE
9.22
6.53
-0.97
1.44
54.8%
34.3%
0.55
11.08
45.01
378.36
-
Sales/Revenue/Turnover
9.00
4'500.0
8.00
4'000.0
7.00
3'500.0
6.00
3'000.0
5.00
2'500.0
4.00
2'000.0
3.00
1'500.0
2.00
1'000.0
1.00
500.0
0.00
01.01.2010
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
80
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Expedia Inc
Holdings By:
All
Holder Name
LIBERTY MEDIA CORP JP MORGAN
BLACKROCK
CAPITAL GROUP COMPAN
VANGUARD GROUP INC
STATE STREET
AMERICAN CENTURY COM
FMR LLC
DILLER BARRY
INVESCO LTD
CITADEL ADVISORS LLC
TIAA CREF INVESTMENT
RENAISSANCE TECHNOLO
GOLDMAN SACHS GROUP
JANUS CAPITAL MANAGE
SAC CAPITAL ADVISORS
WELLS FARGO
JANA PARTNERS LLC
DEUTSCHE BANK AG
BURGUNDY ASSET MANAG
Firm Name
Raymond James
JPMorgan
Stifel
JMP Securities
Cantor Fitzgerald
RBC Capital Markets
Deutsche Bank
Cowen and Company
Piper Jaffray
Ascendiant Capital Markets
Lazard Capital Markets
Barclays
Monness, Crespi, Hardt & Co
Evercore Partners
Atlantic Equities LLP
Morgan Stanley
Goldman Sachs
Credit Suisse
Janney Montgomery Scott LLC
Jefferies
Macquarie
Millman Research Associates
Benchmark Company LLC
Pacific Crest Securities
EVA Dimensions
Knight
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
AMERICAN CENTURY COM
n/a
n/a
n/a
CITADEL ADVISORS LLC
TIAA-CREF INVESTMENT
RENAISSANCE TECHNOLO
GOLDMAN SACHS GROUP
n/a
SAC CAPITAL ADVISORS
n/a
JANA PARTNERS LLC
DEUTSCHE BANK AKTIEN
BURGUNDY ASSET MANAG
Analyst
AARON M KESSLER
DOUGLAS ANMUTH
MICHAEL B PURCELL
RONALD V JOSEY III
NAVED KHAN
MARK S MAHANEY
ROSS SANDLER
KEVIN KOPELMAN
MICHAEL J OLSON
EDWARD WOO
JAKE FULLER
ANTHONY J DICLEMENTE
WILLIAM LENNAN
KEN SENA
JAMES CORDWELL
SCOTT W DEVITT
HEATH P TERRY
STEPHEN JU
BRIAN MULLAN
BRIAN P FITZGERALD
THOMAS WHITE
MICHAEL MILLMAN
DANIEL L KURNOS
CHAD BARTLEY
CRAIG STERLING
TEAM COVERAGE
Source
Form 4
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
Form 4
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
Recommendation
outperform
neutral
hold
market perform
buy
sector perform
buy
outperform
neutral
buy
buy
equalweight
neutral
equalweight
overweight
Equalwt/Attractive
neutral/attractive
neutral
neutral
hold
neutral
buy
buy
sector perform
buy
buy
Amt Held
10'277'576
9'274'960
9'143'648
8'301'519
6'651'900
5'141'504
5'092'259
4'860'232
4'408'396
3'117'727
2'458'402
2'347'269
2'311'184
2'310'848
2'121'920
1'784'128
1'703'624
1'645'994
1'360'489
1'300'692
% Out
8.38
7.57
7.46
6.77
5.43
4.19
4.15
3.96
3.6
2.54
2.01
1.91
1.89
1.89
1.73
1.46
1.39
1.34
1.11
1.06
Weighting
Change
5
3
3
3
5
3
5
5
3
5
5
3
3
3
5
3
3
3
3
3
3
5
5
3
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
Latest Chg
467'672
2'897'074
3'449'587
(2'305'627)
508'486
(672'354)
1'345'443
(3'570'502)
6'069
(155'445)
2'438'791
312'750
546'800
979'605
160'188
569'939
551'497
601'068
369'956
6'266
Target Price
77
67
#N/A N/A
#N/A N/A
77
73
80
#N/A N/A
73
81
78
72
#N/A N/A
70
77
#N/A N/A
70
72
70
70
70
70
80
#N/A N/A
#N/A N/A
47
File Dt
28.02.2013
31.12.2012
23.04.2013
31.03.2013
31.03.2013
24.04.2013
31.03.2013
28.02.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
Date
12 month
6 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Inst Type
Corporation
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
21.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
17.04.2013
12.04.2013
01.04.2013
21.03.2013
22.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
05.02.2013
15.01.2013
28.03.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (28.01.2013)
52-Week Low (10.10.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 21.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
EXPD UW EQUITY YTD Change
EXPD UW EQUITY YTD % CHANGE
12/2012
12/yy
43.77
34.20
266'470.00
35.66
-18.53%
4.27%
15.26%
206.5
7'363.70
0.00
0.0
4.9
1'260.84
6'107.73
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
4'092.3
5'967.6
1.58x
1.76x
426.6
585.5
15.13x
17.93x
240.2
344.2
31.32x
34.34x
Profitability
2.0 M
1.5 M
1.0 M
.5 M
.0 M
m-12
LTM-4Q
31.12.2011
6'150.5
1.20x
656.3
11.27x
385.7
22.88x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'980.9
1.15x
570.7
12.10x
333.4
25.19x
570.74
530.80
8.87%
9.20%
11.45%
16.54%
16.51%
2.05%
13.2%
9.5%
8.9%
5.6%
2.80
2.72
0.00%
0.00%
6.08
-
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
12/yy
6'150.5
5.49x
656.3
11.27x
385.7
22.88x
LTM
12/yy
5'980.9
4.75x
570.7
12.10x
333.4
25.19x
FY+1
1.57
1.10
202.61
4.11
-9.52%
-9.84%
1.102
23
3.739
556'160
729'128
717'627
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
6'367.2
6'926.9
1'453.8
1'589.4
0.95x
0.86x
4.17x
3.82x
633.2
710.7
140.5
152.9
9.65x
8.59x
9.82x
9.50x
367.7
414.6
81.5
89.8
20.03x
17.60x
20.02x
19.37x
S&P Issuer Ratings
456.23
418.16
-2.21
0.00
0.0%
0.0%
2.05
10.92
60.16
44.00
-
Sales/Revenue/Turnover
45.00
7'000.0
40.00
6'000.0
35.00
5'000.0
30.00
25.00
4'000.0
20.00
3'000.0
15.00
2'000.0
10.00
1'000.0
5.00
0.00
01.01.2010
2.5 M
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
BLACKROCK
VANGUARD GROUP INC
STATE STREET
FIDUCIARY MANAGEMENT
SUN LIFE FINANCIAL I
MERCHANTS' GATE CAPI
INVESCO LTD
INTERNATIONAL VALUE
ASHMORE WELATH MANAG
JANUS CAPITAL MANAGE
PRIMECAP MANAGEMENT
MACQUARIE GROUP
NORTHERN TRUST CORPO
DF DENT & COMPANY
T ROWE PRICE ASSOCIA
WELLINGTON MANAGEMEN
COLUMBIA WANGER ASSE
BANK OF NEW YORK MEL
GOLDMAN SACHS GROUP
FEDERATED INVESTORS
Firm Name
Morgan Stanley
Avondale Partners LLC
RBC Capital Markets
Robert W. Baird & Co
JPMorgan
Credit Suisse
Goldman Sachs
Jefferies
Sterne, Agee & Leach
Edward Jones
Thompson, Davis & Company
BB&T Capital Markets
Stifel
Macquarie
Wolfe Trahan & Co
William Blair & Co
Raymond James
FBR Capital Markets
Stephens Inc
Susquehanna Financial Group
EVA Dimensions
McAdams Wright Ragen Inc
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
FIDUCIARY MANAGEMENT
n/a
MERCHANTS' GATE CAPI
n/a
INTERNATIONAL VALUE
ASHMORE WEALTH MANAG
n/a
PRIMECAP MANAGEMENT
n/a
NORTHERN TRUST CORPO
D F DENT & COMPANY
T ROWE PRICE ASSOCIA
WELLINGTON MANAGEMEN
COLUMBIA WANGER ASSE
BANK OF NEW YORK MEL
GOLDMAN SACHS GROUP
FEDERATED INVESTORS
Analyst
WILLIAM J GREENE
RYAN BOUCHARD
JOHN L BARNES III
BENJAMIN J HARTFORD
THOMAS R WADEWITZ
CHRISTOPHER J CERASO
TOM KIM
H PETER NESVOLD
JEFFREY A KAUFFMAN
LOGAN PURK
DAVID P CAMPBELL
KEVIN W STERLING
DAVID G ROSS
KELLY A DOUGHERTY
SCOTT H GROUP
NATHAN J BROCHMANN
PATRICK TYLER BROWN
JOHN R MIMS
JACK ATKINS
MATT TROY
CRAIG STERLING
MICHAEL ROARKE
Source
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
Underwt/Attractive
market outperform
underperform
neutral
neutral
outperform
buy/attractive
buy
buy
buy
buy
hold
buy
neutral
peerperform
outperform
market perform
market perform
equalweight
neutral
overweight
hold
Amt Held
16'713'579
13'843'979
11'099'059
9'548'061
7'410'682
5'932'567
5'198'445
4'872'939
4'200'000
3'512'183
3'205'897
3'196'323
2'854'140
2'808'886
2'744'167
2'734'305
2'688'000
2'609'704
2'253'930
2'087'108
% Out
8.09
6.7
5.37
4.62
3.59
2.87
2.52
2.36
2.03
1.7
1.55
1.55
1.38
1.36
1.33
1.32
1.3
1.26
1.09
1.01
Weighting
Change
1
4
1
3
3
5
5
5
5
5
5
3
5
3
3
5
3
3
3
3
5
3
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
3'098'884
346'555
37'627
683'178
(277'133)
619'357
(224'020)
4'200'000
329'426
(94'350)
(19'047)
(99'296)
(85'903)
551'707
(3'193'290)
(606'000)
(320'700)
1'557'129
268'300
Target Price
#N/A N/A
46
33
40
36
47
47
44
53
#N/A N/A
67
#N/A N/A
43
38
#N/A N/A
#N/A N/A
#N/A N/A
34
40
42
#N/A N/A
#N/A N/A
File Dt
Inst Type
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
Date
Not Provided
12 month
12 month
12 month
6 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Date
23.04.2013
22.04.2013
18.04.2013
16.04.2013
15.04.2013
12.04.2013
10.04.2013
10.04.2013
10.04.2013
09.04.2013
08.04.2013
04.04.2013
21.03.2013
12.03.2013
05.03.2013
28.02.2013
27.02.2013
27.02.2013
26.02.2013
26.02.2013
15.01.2013
11.05.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (05.10.2012)
52-Week Low (14.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ESRX UW EQUITY YTD Change
ESRX UW EQUITY YTD % CHANGE
12/2012
12/yy
66.00
49.80
1'970'225.00
58.44
-11.45%
17.35%
53.33%
817.5
47'776.39
15'915.00
0.0
10.7
2'793.90
60'242.79
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
14.0 M
60
12.0 M
50
10.0 M
40
8.0 M
30
6.0 M
20
4.0 M
10
2.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
70
31.12.2009
31.12.2010
24'722.3
44'973.2
0.59x
0.68x
1'604.2
2'315.6
9.13x
13.18x
827.6
1'181.2
26.27x
23.30x
Profitability
LTM-4Q
31.12.2011
46'128.3
0.52x
2'567.8
9.39x
1'275.8
16.31x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
93'858.1
0.61x
4'657.1
12.31x
1'312.9
21.95x
4'657.10
2'784.50
2.97%
2.33%
3.83%
10.91%
7.18%
2.88%
7.8%
5.1%
2.8%
1.4%
0.82
0.63
27.39%
68.06%
34.32
97.56
LTM
FY+1
0.00
1.09
815.08
10.34
4.75%
8.22%
1.088
27
4.444
1'424'555
1'358'717
1'607'432
FY+2
FQ+1
FQ+2
12/yy
46'128.3
2.31x
2'566.7
9.39x
1'275.8
16.80x
12/yy
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
94'235.2 100'773.0 102'127.4
25'357.8
24'859.6
2.27x
0.57x
0.54x
2.32x
2.35x
4'672.2
6'658.3
7'271.2
1'649.5
1'698.8
12.27x
9.05x
8.29x
8.86x
8.70x
1'334.2
3'530.9
3'931.7
872.5
909.9
22.22x
13.70x
11.92x
13.43x
12.97x
S&P Issuer Ratings
Long-Term Rating Date
31.05.2012
Long-Term Rating
BBB+
Long-Term Outlook
NEG
Short-Term Rating Date
Short-Term Rating
Credit Ratios
EBITDA/Interest Exp.
7.52
(EBITDA-Capex)/Interest Exp.
7.26
Net Debt/EBITDA
2.27
Total Debt/EBITDA
2.63
Reference
Total Debt/Equity
68.1%
Total Debt/Capital
40.5%
Asset Turnover
2.88
Net Fixed Asset Turnover
103.75
Accounts receivable turnover-days
10.63
Inventory Days
3.74
Accounts Payable Turnover Day
6.68
Cash Conversion Cycle
10.73
Sales/Revenue/Turnover
25.00
100'000.0
90'000.0
80'000.0
20.00
70'000.0
15.00
60'000.0
10.00
50'000.0
40'000.0
30'000.0
20'000.0
5.00
10'000.0
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
BLACKROCK
STATE STREET
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
JANUS CAPITAL MANAGE
T ROWE PRICE ASSOCIA
GRANTHAM MAYO VAN OT
FMR LLC
DAVIS SELECTED ADVIS
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
INVESCO LTD
NORTHERN TRUST CORPO
BROWN ADVISORY INC
AMERICAN CENTURY COM
GREEN VALLEY INVESTO
WINSLOW CAPITAL MANA
MARSICO CAPITAL MANA
MONTAG & CALDWELL IN
GENERAL ELECTRIC COM
Firm Name
Lazard Capital Markets
JPMorgan
ISI Group
Leerink Swann & Co
Credit Suisse
Maxim Group LLC
Oppenheimer & Co
Edward Jones
Raymond James
Morgan Stanley
SunTrust Robinson Humphrey
Argus Research Corp
BMO Capital Markets
RBC Capital Markets
William Blair & Co
Macquarie
Cowen and Company
Jefferies
Mizuho Securities USA Inc
JMP Securities
S&P Capital IQ
EVA Dimensions
Goldman Sachs
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
T ROWE PRICE ASSOCIA
GRANTHAM MAYO VAN OT
n/a
DAVIS SELECTED ADVIS
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
n/a
NORTHERN TRUST CORPO
n/a
AMERICAN CENTURY COM
GREEN VALLEY INVESTO
WINSLOW CAPITAL MANA
MARSICO CAPITAL MANA
MONTAG & CALDWELL IN
GENERAL ELECTRIC COM
Analyst
THOMAS GALLUCCI
LISA C GILL
ROSS MUKEN
DAVID LARSEN
GLEN SANTANGELO
ANTHONY V VENDETTI
BRET D JONES
JUDSON CLARK
MICHAEL J BAKER
RICKY GOLDWASSER
DAVID S MACDONALD
DAVID H TOUNG
JENNIFER LYNCH
FRANK G MORGAN
JOHN C KREGER
DANE LEONE
CHARLES RHYEE
BRIAN TANQUILUT
ANN HYNES
TIM MCDONOUGH
HERMAN SAFTLAS
ANDREW S ZAMFOTIS
ROBERT P JONES
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
Recommendation
buy
overweight
neutral
outperform
outperform
buy
outperform
buy
outperform
Overwt/In-Line
buy
hold
market perform
outperform
outperform
neutral
outperform
hold
buy
market outperform
buy
sell
buy/attractive
Amt Held
45'723'876
43'981'470
37'315'961
34'950'626
29'035'082
20'497'371
17'645'363
17'628'445
17'578'199
16'454'404
14'626'620
14'192'525
14'065'675
10'735'527
9'634'471
9'050'000
8'820'756
8'291'195
6'922'492
6'565'630
% Out
5.59
5.37
4.56
4.27
3.55
2.5
2.16
2.15
2.15
2.01
1.79
1.73
1.72
1.31
1.18
1.11
1.08
1.01
0.85
0.8
Weighting
Change
5
5
3
5
5
5
5
5
5
5
5
3
3
5
5
3
5
3
5
4
5
1
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
Latest Chg
(6'076'608)
1'142'103
1'226'005
21'078'481
2'274'019
(9'888'972)
2'233'833
(7'879'281)
(3'465'126)
871'282
2'711'644
(1'336'070)
357'583
1'831'211
163'206
9'050'000
(5'088'700)
(5'091'773)
703'698
(2'173'623)
Target Price
68
68
58
#N/A N/A
65
70
62
#N/A N/A
65
64
68
#N/A N/A
59
62
#N/A N/A
60
#N/A N/A
56
63
67
65
#N/A N/A
64
File Dt
23.04.2013
24.04.2013
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
6 month
12 month
Not Provided
Not Provided
12 month
18 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Corporation
Date
24.04.2013
23.04.2013
18.04.2013
17.04.2013
16.04.2013
16.04.2013
01.04.2013
22.03.2013
18.03.2013
15.03.2013
08.03.2013
28.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
19.02.2013
19.02.2013
19.02.2013
19.02.2013
15.01.2013
06.11.2012
30.04.2013
F5 Networks Inc
F5 Networks, Inc. provides integrated Internet traffic management solutions
designed to improve the availability and performance of mission-critical
Internet-based servers and applications. The Company's software-based solutions
manage, control and optimize Internet traffic and content. F5's solutions
automatically deliver Internet content for service providers and e-businesses.
Price/Volume
3.0 M
120
2.5 M
09/2012
03/yy
138.65
70.62
648'881.00
75.96
-45.21%
7.56%
7.85%
78.4
5'953.74
0.00
0.0
0.0
532.15
5'430.90
1.5 M
60
40
1.0 M
20
.5 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
LTM-4Q
30.09.2011
1'151.8
4.41x
371.5
13.67x
241.4
24.00x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.09.2012
1'377.2
5.59x
461.4
16.70x
275.2
30.28x
461.44
426.30
30.95%
31.38%
14.28%
20.64%
21.76%
0.75%
82.9%
32.4%
29.6%
20.0%
1.67
1.54
0.00%
0.00%
7.59
13.96
03/yy
1'267.4
24.79x
417.3
24.38x
265.3
40.82x
LTM
03/yy
1'430.9
14.87x
463.5
13.94x
273.0
25.90x
FY+1
0.00
1.55
78.08
4.56
-43.28%
-21.81%
1.547
39
4.000
666'078
594'311
508'971
FY+2
FQ+1
FQ+2
09/13 Y
09/14 Y
06/13 Q3 09/13 Q4
1'458.1
1'627.9
361.6
381.1
3.39x
2.79x
13.64x
12.72x
559.1
645.3
130.4
142.2
9.71x
8.42x
9.51x
9.09x
353.8
402.3
85.5
92.9
17.02x
15.02x
16.23x
15.57x
S&P Issuer Ratings
-1.13
0.00
0.0%
0.0%
0.75
24.79
48.06
26.15
51.38
26.53
Sales/Revenue/Turnover
40.00
1'600.0
35.00
1'400.0
30.00
1'200.0
25.00
1'000.0
20.00
800.0
15.00
600.0
10.00
400.0
5.00
200.0
0.00
02.10.2009
2.0 M
80
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.5 M
140
100
Valuation Analysis
30.09.2008
650.2
2.55x
128.2
12.94x
74.3
25.14x
160
0.0
02.04.2010
02.10.2010
02.04.2011
02.10.2011
02.04.2012
02.10.2012
02.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
F5 Networks Inc
Holdings By:
All
Holder Name
SANDS CAPITAL MANAGE
BLACKROCK
VANGUARD GROUP INC
STATE STREET
ALLIANZ ASSET MANAGE
INVESCO LTD
JP MORGAN
TOUCHSTONE ADVISORS
FRANKLIN RESOURCES
AMERIPRISE FINANCIAL
ALLIANCE BERNSTEIN
TIAA CREF INVESTMENT
HARDING LOEVNER LP
BANK OF NEW YORK MEL
BNP PARIBAS INV PART
ING INVESTMENT MANAG
RAINIER INVESTMENT M
NORTHERN TRUST CORPO
FMR LLC
ZEVENBERGEN CAPITAL
Firm Name
Deutsche Bank
Goldman Sachs
RBC Capital Markets
JMP Securities
Barclays
BMO Capital Markets
JPMorgan
Wedbush
Oppenheimer & Co
ISI Group
Wells Fargo Securities, LLC
Pacific Crest Securities
Needham & Co
William Blair & Co
Lazard Capital Markets
Sterne, Agee & Leach
Wunderlich Securities
Morgan Stanley
Janney Montgomery Scott LLC
Jefferies
Robert W. Baird & Co
Stifel
Nomura
Craig-Hallum Capital Group LLC
Piper Jaffray
MKM Partners
Northland Securities Inc
FBN Securities
Topeka Capital Markets Inc
Raymond James
Daiwa Securities Co. Ltd.
FBR Capital Markets
McAdams Wright Ragen Inc
Mizuho Securities USA Inc
EVA Dimensions
Wedge Partners
Noble Financial Group
Portfolio Name
SANDS CAPITAL MANAGE
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
Multiple Portfolios
n/a
AMERIPRISE FINANCIAL
n/a
TIAA-CREF INVESTMENT
HARDING LOEVNER LP
BANK OF NEW YORK MEL
n/a
ING INVESTMENT MANAG
RAINIER INVESTMENT M
NORTHERN TRUST CORPO
n/a
ZEVENBERGEN CAPITAL
Analyst
BRIAN T MODOFF
KENT SCHOFIELD
MARK SUE
ERIK SUPPIGER
BENJAMIN A REITZES
TIMOTHY P LONG
ROD HALL
ROHIT CHOPRA
ITTAI KIDRON
BRIAN MARSHALL
JESS L LUBERT
BRENT A BRACELIN
ALEXANDER HENDERSON
JASON NOAH ADER
RYAN HUTCHINSON
ALEX KURTZ
MATTHEW S ROBISON
EHUD A GELBLUM
WILLIAM CHOI
GEORGE C NOTTER
JAYSON NOLAND SR
SANJIV R WADHWANI
STUART JEFFREY
RAJESH GHAI
TROY D JENSEN
MICHAEL GENOVESE
CATHARINE TREBNICK
SHEBLY SEYRAFI
BRIAN J WHITE
SIMON M LEOPOLD
NACHI HOSHINO
SCOTT S THOMPSON
SID PARAKH
JOANNA MAKRIS
ANDREW S ZAMFOTIS
CHRISTOPHER J CRESPI
SUSAN BAUR
Source
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
MF-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
Recommendation
buy
Buy/Neutral
outperform
market outperform
equalweight
outperform
neutral
outperform
market perform
buy
outperform
outperform
hold
market perform
buy
buy
hold
Overwt/Attractive
neutral
hold
outperform
hold
neutral
buy
neutral
buy
market perform
sector perform
hold
market perform
outperform
outperform
hold
buy
hold
no rating system
hold
Amt Held
6'500'573
5'480'713
4'911'164
4'440'039
2'653'278
2'642'182
2'055'929
1'763'530
1'642'115
1'621'830
1'608'688
1'525'508
1'465'546
1'380'021
1'337'177
1'281'547
1'281'144
1'251'721
964'070
872'736
% Out
8.27
6.97
6.25
5.65
3.38
3.36
2.62
2.24
2.09
2.06
2.05
1.94
1.86
1.76
1.7
1.63
1.63
1.59
1.23
1.11
Weighting
Change
5
5
5
4
3
5
3
5
3
5
5
5
3
3
5
5
3
5
3
3
5
3
3
5
3
5
3
3
3
3
5
5
3
5
3
#N/A N/A
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
D
M
U
M
M
M
M
M
M
Latest Chg
1'695'348
204'382
(5'972)
1'147'289
1'036'287
(225'686)
61'350
453'394
(1'464'392)
(291'694)
510'952
56'228
18'845
41'773
459'877
94'505
35'154
404'986
(14'050)
Target Price
93
93
95
96
83
90
73
90
#N/A N/A
95
#N/A N/A
110
#N/A N/A
#N/A N/A
100
95
85
90
80
82
110
#N/A N/A
85
97
82
100
83
90
70
#N/A N/A
100
120
110
145
#N/A N/A
#N/A N/A
126
File Dt
31.12.2012
23.04.2013
31.03.2013
24.04.2013
28.02.2013
31.12.2012
31.12.2012
28.03.2013
31.01.2013
31.12.2012
31.03.2013
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
Date
12 month
12 month
12 month
12 month
Not Provided
12 month
6 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
18 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
22.04.2013
19.04.2013
17.04.2013
17.04.2013
15.04.2013
10.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
05.04.2013
04.04.2013
13.03.2013
24.01.2013
24.01.2013
17.01.2013
15.01.2013
15.06.2012
19.04.2012
30.04.2013
Facebook Inc
Facebook Inc. operates a social networking website. The Company's website
allows people to communicate with their family, friends, and coworkers.
Facebook develops technologies that facilitate the sharing of information,
photographs, website links, and videos. Facebook users have the ability to share
and restrict information based on their own specific criteria.
Price/Volume
45
300.0 M
40
250.0 M
35
30
200.0 M
25
12/2012
12/yy
43.00
17.55
6'526'383.00
26.98
-37.26%
53.73%
37.05%
1'747.4
65'178.22
2'356.00
0.0
0.0
9'626.00
57'908.22
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
15
31.12.2009
31.12.2010
777.0
1'974.0
340.0
1'171.0
122.0
372.0
Profitability
50.0 M
5
0
m-12
.0 M
j-12
LTM-4Q
31.12.2011
3'711.0
2'079.0
668.0
-
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'089.0
10.98x
1'187.0
47.07x
32.0
2661.97x
1'187.00
538.00
10.57%
9.71%
-0.14%
-0.19%
0.59%
0.47%
73.2%
23.3%
10.6%
0.6%
10.71
9.83
15.60%
20.04%
8.04
-
12/yy
3'711.0
0.00x
2'080.0
0.00x
764.0
0.00x
j-12
a-12
s-12
LTM
12/yy
5'089.0
29.55x
1'187.0
47.07x
(15.0)
1330.98x
o-12
n-12
d-12
j-13
f-13
m-13
a-13
FY+1
0.00
1'694.24
35.34
1.31%
42
4.048
5'869'167
6'628'422
8'616'885
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
6'672.6
8'466.3
1'439.9
1'591.8
8.45x
6.46x
42.73x
38.52x
3'456.5
4'545.6
761.2
818.0
16.75x
12.74x
16.80x
16.21x
1'441.1
2'028.1
308.1
340.7
47.67x
34.81x
47.17x
44.89x
S&P Issuer Ratings
23.27
-0.94
-6.12
1.98
20.0%
16.7%
0.47
2.63
45.53
-
Sales/Revenue/Turnover
60.00
6'000.0
50.00
5'000.0
40.00
4'000.0
30.00
3'000.0
20.00
2'000.0
10.00
1'000.0
0.00
01.01.2010
100.0 M
10
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
150.0 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (18.05.2012)
52-Week Low (04.09.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 16.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
FB UW EQUITY YTD Change
FB UW EQUITY YTD % CHANGE
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Facebook Inc
Holdings By:
All
Holder Name
FMR LLC
CAPITAL GROUP COMPAN
VANGUARD GROUP INC
MORGAN STANLEY
T ROWE PRICE ASSOCIA
BLACKROCK
SANDS CAPITAL MANAGE
BAILLIE GIFFORD AND
JENNISON ASSOCIATES
UBS
WINSLOW CAPITAL MANA
WELLINGTON MANAGEMEN
GOLDMAN SACHS GROUP
INVESCO LTD
AMERIPRISE FINANCIAL
SANDBERG SHERYL KARA
ELEVATION MANAGEMENT
MERITECH CAPITAL ASS
ALLIANZ ASSET MANAGE
MACKAY SHIELDS LLC
Firm Name
Telsey Advisory Group
Cantor Fitzgerald
Sanford C. Bernstein & Co
Raymond James
Pacific Crest Securities
Credit Agricole Securities (USA)
Pivotal Research Group LLC
Robert W. Baird & Co
Needham & Co
Cowen and Company
Barclays
Argus Research Corp
Sterne, Agee & Leach
BMO Capital Markets
Piper Jaffray
Oppenheimer & Co
JMP Securities
Topeka Capital Markets Inc
Morgan Stanley
RBC Capital Markets
Credit Suisse
Edward Jones
Evercore Partners
Wells Fargo Securities, LLC
S&P Capital IQ
JPMorgan
Tigress Financial Partners
William Blair & Co
Jefferies
Wedge Partners
Daiwa Securities Co. Ltd.
Wedbush
BTIG LLC
Deutsche Bank
Goldman Sachs
Macquarie
Stifel
Lazard Capital Markets
EVA Dimensions
Battle Road Research
Atlantic Equities LLP
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
T ROWE PRICE ASSOCIA
n/a
SANDS CAPITAL MANAGE
BAILLIE GIFFORD & CO
JENNISON ASSOCIATES
n/a
WINSLOW CAPITAL MANA
WELLINGTON MANAGEMEN
GOLDMAN SACHS GROUP
n/a
AMERIPRISE FINANCIAL
n/a
ELEVATION MANAGEMENT
n/a
n/a
Multiple Portfolios
Analyst
THOMAS FORTE
YOUSSEF H SQUALI
CARLOS KIRJNER
AARON M KESSLER
EVAN S WILSON
JAMES LEE
BRIAN WIESER
COLIN SEBASTIAN
LAURA A MARTIN
JOHN BLACKLEDGE
ANTHONY J DICLEMENTE
JOSEPH F BONNER
ARVIND BHATIA
DANIEL SALMON
EUGENE E MUNSTER
JASON S HELFSTEIN
RONALD V JOSEY III
VICTOR ANTHONY
SCOTT W DEVITT
MARK S MAHANEY
STEPHEN JU
JOSH OLSON
KEN SENA
JASON MAYNARD
SCOTT H KESSLER
DOUGLAS ANMUTH
IVAN FEINSETH
RALPH SCHACKART
BRIAN J PITZ
MARTIN PYYKKONEN
KAZUYA NISHIMURA
MICHAEL PACHTER
RICHARD GREENFIELD
ROSS SANDLER
HEATHER BELLINI
BENJAMIN A SCHACHTER
JORDAN ROHAN
WILLIAM BIRD
ANDREW S ZAMFOTIS
TEAM COVERAGE
HAMILTON FABER
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
Form 4
13F
ULT-AGG
ULT-AGG
MF-AGG
Recommendation
no rating system
buy
market perform
outperform
sector perform
buy
buy
outperform
buy
neutral
equalweight
buy
buy
market perform
overweight
outperform
market perform
buy
Overwt/Attractive
outperform
neutral
buy
equalweight
outperform
hold
overweight
buy
outperform
hold
no rating system
outperform
outperform
sell
buy
Buy/Neutral
outperform
hold
neutral
underweight
hold
not rated
Amt Held
77'554'973
41'939'920
41'628'225
37'620'174
33'193'967
31'071'693
26'797'536
23'402'295
22'376'854
21'869'898
21'263'110
20'370'317
18'422'852
18'204'867
18'122'565
17'769'580
16'989'027
16'268'858
14'591'644
14'142'300
% Out
4.6
2.49
2.47
2.23
1.97
1.84
1.59
1.39
1.33
1.3
1.26
1.21
1.09
1.08
1.08
1.06
1.01
0.97
0.87
0.84
Weighting
Change
#N/A N/A
5
3
5
3
5
5
5
5
3
3
5
5
3
5
5
3
5
5
5
3
5
3
5
3
5
5
5
3
#N/A N/A
5
5
1
5
5
5
3
3
1
3
#N/A N/A
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
N
M
M
M
M
M
D
M
M
U
M
Latest Chg
37'302'924
18'566'720
15'316'321
8'971'802
13'789'661
8'077'141
9'685'751
2'823'905
9'675'216
4'416'054
21'263'110
20'370'317
(20'142'720)
17'235'166
17'425'168
(176'452)
16'989'027
16'268'858
4'270'475
294'900
Target Price
38
35
27
37
#N/A N/A
40
36
34
33
#N/A N/A
30
36
37
32
38
32
#N/A N/A
40
34
32
31
#N/A N/A
32
#N/A N/A
31
35
#N/A N/A
#N/A N/A
30
#N/A N/A
30
35
22
37
40
30
#N/A N/A
#N/A N/A
#N/A N/A
29
45
File Dt
28.02.2013
31.03.2013
31.03.2013
28.02.2013
31.12.2012
23.04.2013
31.12.2012
31.03.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
18.04.2013
31.12.2012
31.12.2012
31.03.2013
28.02.2013
Date
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
6 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Venture Capital
Investment Advisor
Investment Advisor
Date
24.04.2013
22.04.2013
19.04.2013
19.04.2013
16.04.2013
16.04.2013
16.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
10.04.2013
10.04.2013
09.04.2013
09.04.2013
08.04.2013
05.04.2013
05.04.2013
04.04.2013
04.04.2013
04.04.2013
04.04.2013
04.04.2013
04.04.2013
04.04.2013
03.04.2013
03.04.2013
02.04.2013
26.03.2013
20.03.2013
15.03.2013
08.03.2013
14.02.2013
31.01.2013
31.01.2013
31.01.2013
31.01.2013
30.01.2013
15.01.2013
19.06.2012
14.05.2012
30.04.2013
Fastenal Co
Fastenal Company sell industrial and construction supplies in a wholesale and
retail fashion. The Company markets its products and services throughout the
United States, Canada, Mexico, Puerto Rico, Singapore, China, and The
Netherlands.
Price/Volume
60
4.5 M
4.0 M
50
3.5 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (15.02.2013)
52-Week Low (28.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 09.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
FAST UW EQUITY YTD Change
FAST UW EQUITY YTD % CHANGE
12/2012
03/yy
53.35
37.17
422'768.00
49.92
-6.43%
34.29%
78.80%
296.7
14'810.61
0.00
0.0
0.0
79.97
14'650.95
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
1'930.3
2'269.5
3.08x
3.81x
336.7
470.5
17.65x
18.40x
184.4
265.4
33.48x
33.28x
Profitability
2.0 M
1.5 M
1.0 M
10
0
a-12
.5 M
.0 M
m-12
LTM-4Q
31.12.2011
2'766.9
4.60x
619.5
20.55x
357.9
36.03x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
3'133.6
4.39x
727.3
18.91x
420.5
32.87x
727.34
673.29
21.49%
21.51%
22.85%
27.01%
27.01%
1.69%
51.5%
23.4%
21.7%
13.4%
6.30
2.21
0.00%
0.00%
7.87
2.27
03/yy
2'895.2
16.83x
654.0
24.15x
378.6
42.16x
j-12
j-12
a-12
s-12
LTM
03/yy
3'171.0
16.73x
743.3
20.27x
429.4
35.47x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.34
0.98
271.95
17.52
9.57%
7.56%
0.982
14
3.571
396'103
505'226
502'841
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
3'442.7
3'886.7
872.9
902.7
4.25x
3.73x
16.87x
16.37x
836.0
979.2
219.2
225.4
17.53x
14.96x
16.91x
16.38x
481.8
567.3
125.8
129.7
30.87x
26.44x
29.75x
28.72x
S&P Issuer Ratings
-0.21
0.00
0.0%
0.0%
1.69
6.30
46.37
160.96
17.48
188.04
Sales/Revenue/Turnover
70.00
3'500.0
60.00
3'000.0
50.00
2'500.0
40.00
2'000.0
30.00
1'500.0
20.00
1'000.0
10.00
500.0
0.00
01.01.2010
2.5 M
20
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
3.0 M
30
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Fastenal Co
Holdings By:
All
Holder Name
T ROWE PRICE ASSOCIA
RUANE CUNNIFF & GOLD
VANGUARD GROUP INC
STATE STREET
BLACKROCK
BANK OF NEW YORK MEL
KIERLIN ROBERT A
CAPITAL GROUP COMPAN
SLAGGIE STEPHEN M
WILLIAM BLAIR & COMP
DF DENT & COMPANY
BAMCO INC
INVESCO LTD
AMERIPRISE FINANCIAL
TCW GROUP INC
ASHMORE WELATH MANAG
NORTHERN TRUST CORPO
JANUS CAPITAL MANAGE
FRANKLIN RESOURCES
NORGES BANK
Firm Name
Raymond James
Longbow Research
Wunderlich Securities
BB&T Capital Markets
Credit Suisse
Edward Jones
Janney Montgomery Scott LLC
Robert W. Baird & Co
William Blair & Co
Wells Fargo Securities, LLC
Barclays
EVA Dimensions
S&P Capital IQ
Portfolio Name
T ROWE PRICE ASSOCIA
RUANE CUNNIFF & GOLD
VANGUARD GROUP INC
n/a
n/a
BANK OF NEW YORK MEL
n/a
n/a
n/a
WILLIAM BLAIR & COMP
D F DENT & COMPANY
BAMCO INC
n/a
AMERIPRISE FINANCIAL
TCW GROUP INCORPORAT
ASHMORE WEALTH MANAG
NORTHERN TRUST CORPO
n/a
n/a
NORGES BANK
Analyst
SAMUEL J DARKATSH
DEREK JOSE
BRENT D RAKERS
HOLDEN LEWIS
HAMZAH MAZARI
LOGAN PURK
JOHN A BALIOTTI II
DAVID J MANTHEY
RYAN MERKEL
ALLISON POLINIAK-CUSIC
SCOTT R DAVIS
CRAIG STERLING
MICHAEL JAFFE
Source
13F
13F
13F
ULT-AGG
ULT-AGG
13F
Form 4
ULT-AGG
Form 5
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
Recommendation
market perform
neutral
buy
hold
neutral
hold
neutral
outperform
outperform
market perform
underweight
overweight
strong buy
Amt Held
40'926'610
20'695'409
18'413'132
14'134'583
13'744'415
13'737'591
12'503'300
12'403'300
10'251'188
7'645'531
5'010'231
4'449'803
4'396'422
4'322'152
4'204'133
4'000'000
3'750'192
3'613'771
2'838'238
2'414'245
% Out
13.79
6.98
6.21
4.76
4.63
4.63
4.21
4.18
3.46
2.58
1.69
1.5
1.48
1.46
1.42
1.35
1.26
1.22
0.96
0.81
Weighting
Change
3
3
5
3
3
3
3
5
5
3
1
5
5
M
M
M
M
M
M
M
M
M
M
M
U
M
Latest Chg
5'306'940
12'406
4'141'250
281'147
121'020
(665'538)
(207'500)
245'000
(269'140)
1'268'350
(116'399)
(10'310)
862'477
3'705'974
(22'590)
4'000'000
82'817
(5'256'552)
338'904
234'738
Target Price
#N/A N/A
#N/A N/A
59
#N/A N/A
54
#N/A N/A
43
54
#N/A N/A
#N/A N/A
41
#N/A N/A
60
File Dt
31.12.2012
31.12.2012
31.03.2013
24.04.2013
23.04.2013
31.03.2013
07.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
Date
Not Provided
Not Provided
18 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Date
12.04.2013
12.04.2013
11.04.2013
11.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
10.04.2013
18.01.2013
17.01.2013
30.04.2013
Fiserv Inc
Fiserv, Inc. provides integrated information management and electronic commerce
systems and services. The Company's solutions include transaction processing,
electronic bill payment and presentment, business process outsourcing, document
distribution services, and software and systems solutions.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (29.04.2013)
52-Week Low (21.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 26.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
FISV UW EQUITY YTD Change
FISV UW EQUITY YTD % CHANGE
12/2012
12/yy
90.92
64.48
191'862.00
90.84
-0.09%
40.88%
99.70%
133.0
12'086.15
3'230.00
0.0
0.0
358.00
14'958.15
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
4'077.0
4'133.0
2.63x
2.76x
1'279.0
1'346.0
8.37x
8.47x
476.0
496.0
15.77x
16.97x
Profitability
LTM-4Q
31.12.2011
4'337.0
2.60x
1'345.0
8.39x
472.0
14.95x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
4'482.0
2.99x
1'410.0
9.51x
611.0
18.05x
1'410.00
1'056.00
23.56%
20.08%
7.17%
18.31%
10.91%
0.53%
42.1%
31.5%
23.6%
13.6%
1.28
0.92
38.01%
94.53%
6.74
-
12/yy
4'337.0
10.46x
1'345.0
8.39x
472.0
15.10x
1.0 M
.8 M
.6 M
.4 M
.2 M
.0 M
j-12
j-12
a-12
s-12
LTM
12/yy
4'482.0
11.60x
1'410.0
9.51x
611.0
18.06x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.00
130.34
2.36
29.24%
14.94%
1.003
24
3.583
163'918
166'641
215'556
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
4'934.4
5'145.4
1'203.8
1'210.2
3.06x
2.82x
13.15x
13.05x
1'601.8
1'695.5
374.4
394.1
9.34x
8.82x
9.36x
9.26x
781.7
846.8
178.4
194.7
15.20x
13.64x
15.20x
14.69x
S&P Issuer Ratings
02.03.2010
BBBSTABLE
26.09.2007
A-3
8.10
6.98
2.04
2.29
94.5%
48.6%
0.53
17.68
54.26
109.93
-
Sales/Revenue/Turnover
16.00
5'000.0
14.00
4'500.0
4'000.0
12.00
3'500.0
10.00
3'000.0
8.00
2'500.0
2'000.0
6.00
1'500.0
4.00
1'000.0
2.00
500.0
0.00
01.01.2010
1.2 M
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
100
90
80
70
60
50
40
30
20
10
0
a-12 m-12
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Fiserv Inc
Holdings By:
All
Holder Name
T ROWE PRICE ASSOCIA
FMR LLC
VANGUARD GROUP INC
STATE STREET
BLACKROCK
LONGVIEW PARTNERS (G
SUN LIFE FINANCIAL I
INVESCO LTD
MERITAGE GROUP LP
NORTHERN TRUST CORPO
PITTENGER & ANDERSON
DILLON DONALD F
FINDLAY PARK PARTNER
EGERTON CAPITAL LIMI
BANK OF NEW YORK MEL
INVESTEC ASSET MANAG
BRAVE WARRIOR ADVISO
ALLIANCE BERNSTEIN
EMINENCE CAPITAL LLC
JARISLOWSKY FRASER L
Firm Name
RBC Capital Markets
Stephens Inc
Evercore Partners
Jefferies
Cowen and Company
Avondale Partners LLC
First Analysis Corp
Sterne, Agee & Leach
Argus Research Corp
Robert W. Baird & Co
Edward Jones
Northcoast Research
Goldman Sachs
EVA Dimensions
SunTrust Robinson Humphrey
JPMorgan
William Blair & Co
Barclays
Credit Suisse
Oppenheimer & Co
JMP Securities
Deutsche Bank
BOE Securities
Portfolio Name
T ROWE PRICE ASSOCIA
n/a
VANGUARD GROUP INC
n/a
n/a
LONGVIEW PARTNERS (G
n/a
n/a
MERITAGE GROUP LP
NORTHERN TRUST CORPO
PITTENGER & ANDERSON
n/a
FINDLAY PARK PARTNER
EGERTON CAPITAL LIMI
BANK OF NEW YORK MEL
INVESTEC ASSET MANAG
BRAVE WARRIOR ADVISO
n/a
EMINENCE CAPITAL LLC
JARISLOWSKY FRASER L
Analyst
DANIEL R PERLIN
BRETT HUFF
DAVID M TOGUT
RAMSEY EL-ASSAL
MOSHE KATRI
PETER J HECKMANN
LARRY BERLIN
GREGORY SMITH
DAVID RITTER
DAVID J KONING
JOSH OLSON
KARTIK MEHTA
JULIO C QUINTEROS JR
ANDREW S ZAMFOTIS
ANDREW W JEFFREY
TIEN-TSIN HUANG
CHRISTOPHER SHUTLER
DARRIN D PELLER
GEORGE MIHALOS
GLENN GREENE
DAVID M SCHARF
BRYAN KEANE
UNNATI BHAVEKAR
Source
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
Form 4
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
Recommendation
sector perform
equalweight
overweight
buy
outperform
market perform
equalweight
neutral
buy
neutral
buy
neutral
neutral/neutral
overweight
neutral
neutral
outperform
equalweight
underperform
outperform
market perform
hold
buy
Amt Held
14'479'666
9'774'796
8'850'880
7'666'020
6'971'332
5'449'211
2'847'585
2'619'234
2'072'806
1'900'334
1'898'286
1'891'654
1'755'042
1'705'366
1'657'030
1'422'001
1'411'128
1'359'800
1'265'796
1'204'996
% Out
10.88
7.35
6.65
5.76
5.24
4.1
2.14
1.97
1.56
1.43
1.43
1.42
1.32
1.28
1.25
1.07
1.06
1.02
0.95
0.91
Weighting
Change
3
3
5
5
5
3
3
3
5
3
5
3
3
5
3
3
5
3
1
5
3
3
5
M
M
M
M
M
M
M
D
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
Latest Chg
3'754'321
949'400
321'555
50'486
202'131
61'970
(99'329)
(407)
(7'517)
1'042
1'011'066
(59'236)
(2'321)
(299'954)
607'481
(3'090)
47'434
Target Price
85
90
107
94
#N/A N/A
78
85
#N/A N/A
105
92
#N/A N/A
#N/A N/A
88
#N/A N/A
#N/A N/A
85
#N/A N/A
87
79
89
#N/A N/A
71
56
File Dt
Inst Type
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
07.09.2012
n/a
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
Date
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
6 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Date
24.04.2013
22.04.2013
21.04.2013
19.04.2013
19.04.2013
17.04.2013
15.04.2013
12.04.2013
11.04.2013
04.04.2013
27.03.2013
26.03.2013
18.03.2013
05.03.2013
06.02.2013
06.02.2013
06.02.2013
06.02.2013
05.02.2013
05.02.2013
24.10.2012
10.10.2012
10.08.2010
30.04.2013
Fossil Inc
Fossil, Inc. designs, develops, markets, and distributes consumer fashion
accessories. The Company's products include an extensive line of men's and
women's fashion watches and jewelry sold under proprietary and licensed brands,
handbags, small leather goods, belts, sunglasses, and apparel.
Price/Volume
160
5.0 M
4.5 M
4.0 M
3.5 M
3.0 M
2.5 M
2.0 M
1.5 M
1.0 M
.5 M
.0 M
140
120
100
80
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (03.05.2012)
52-Week Low (12.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 21.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
FOSL UW EQUITY YTD Change
FOSL UW EQUITY YTD % CHANGE
12/2012
12/yy
138.38
62.79
152'002.00
95.29
-31.14%
51.76%
43.00%
59.3
5'654.87
77.93
0.0
6.9
177.36
5'562.37
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
40
20
0
a-12 m-12
31.12.2009
31.12.2010
1'548.1
2'030.7
1.19x
2.06x
253.0
417.0
7.30x
10.01x
139.2
255.2
16.11x
18.71x
Profitability
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.12.2011
2'567.3
1.82x
523.9
8.92x
294.7
17.27x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'857.5
1.64x
554.4
8.44x
343.4
16.62x
554.38
488.84
17.11%
17.23%
19.71%
29.35%
29.22%
1.64%
56.2%
19.4%
17.1%
12.0%
2.81
1.33
4.23%
6.32%
8.58
2.51
12/yy
2'567.3
8.80x
523.9
8.92x
294.7
17.18x
LTM
12/yy
2'857.5
7.86x
554.4
8.44x
343.4
16.51x
FY+1
0.00
1.82
49.38
2.89
-27.08%
2.35%
1.818
15
3.400
245'583
239'953
263'301
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
3'165.6
3'452.8
652.4
700.3
1.75x
1.56x
8.62x
8.05x
606.4
664.6
105.0
111.1
9.17x
8.37x
9.18x
9.02x
363.8
406.3
58.5
63.1
15.73x
13.84x
15.57x
15.22x
S&P Issuer Ratings
107.44
85.66
-0.18
0.14
6.3%
5.9%
1.64
9.26
42.41
144.81
44.12
143.10
Sales/Revenue/Turnover
45.00
3'500.0
40.00
3'000.0
35.00
2'500.0
30.00
25.00
2'000.0
20.00
1'500.0
15.00
1'000.0
10.00
500.0
5.00
0.00
08.01.2010
j-12
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
60
0.0
08.07.2010
08.01.2011
08.07.2011
08.01.2012
08.07.2012
08.01.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Fossil Inc
Holdings By:
All
Holder Name
T ROWE PRICE ASSOCIA
FMR LLC
KARTSOTIS KOSTA N
BROWN ADVISORY INC
VANGUARD GROUP INC
KARTSOTIS TOM
STATE STREET
BLACKROCK
ARTISAN PARTNERS HOL
SAC CAPITAL ADVISORS
BANK OF NEW YORK MEL
BAMCO INC
EMINENCE CAPITAL LLC
COLUMBIA WANGER ASSE
MUNDER CAPITAL MANAG
NORTHERN TRUST CORPO
INVESCO LTD
SHROFF JAL S
SIGMA CAPITAL MANAGE
NORGES BANK
Firm Name
Brean Murray Carret & Co
Barclays
ISI Group
FBR Capital Markets
Cowen and Company
EVA Dimensions
JPMorgan
KeyBanc Capital Markets
Macquarie
Benchmark Company LLC
Telsey Advisory Group
Jefferies
BB&T Capital Markets
Piper Jaffray
Credit Agricole Securities (USA)
Portfolio Name
T ROWE PRICE ASSOCIA
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
ARTISAN PARTNERS LP
SAC CAPITAL ADVISORS
BANK OF NEW YORK MEL
BAMCO INC
EMINENCE CAPITAL LLC
COLUMBIA WANGER ASSE
MUNDER CAPITAL MANAG
NORTHERN TRUST CORPO
n/a
n/a
SIGMA CAPITAL MANAGE
NORGES BANK
Analyst
ERIC M BEDER
MATTHEW MCCLINTOCK
OMAR SAAD
ANNA ANDREEVA
JOHN KERNAN
CRAIG STERLING
SIMEON A SIEGEL
JANE THORN LEESON
LIZABETH DUNN
RONALD BOOKBINDER
DAVID WU
RANDAL J KONIK
SCOTT D KRASIK
NEELY J N TAMMINGA
BARBARA WYCKOFF
Source
13F
ULT-AGG
Form 4
ULT-AGG
13F
13D
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
Form 4
13F
13F
Recommendation
sell
equalweight
neutral
suspended coverage
outperform
underweight
neutral
hold
neutral
hold
no rating system
buy
buy
neutral
outperform
Amt Held
10'680'023
9'000'530
6'413'039
3'266'860
3'196'386
2'873'079
2'843'603
2'747'359
2'477'200
1'582'530
1'141'780
969'577
953'770
872'645
726'639
679'832
663'327
548'723
530'000
490'448
% Out
18
15.17
10.81
5.5
5.39
4.84
4.79
4.63
4.17
2.67
1.92
1.63
1.61
1.47
1.22
1.15
1.12
0.92
0.89
0.83
Weighting
Change
1
3
3
#N/A N/A
5
1
3
3
3
3
#N/A N/A
5
5
3
5
M
N
M
M
M
U
M
M
D
M
M
M
M
M
D
Latest Chg
2'185'950
(4'229)
(70'760)
98'268
84'192
78'740
(7'400)
186'452
277'492
(171'996)
68'723
300'800
(4'105)
5'477
(73'635)
180'000
31'190
Target Price
85
115
110
#N/A N/A
#N/A N/A
#N/A N/A
95
#N/A N/A
115
110
116
125
128
110
130
File Dt
Inst Type
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
19.01.2013
n/a
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
20.04.2011
n/a
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
13.03.2013
n/a
31.12.2012 Hedge Fund Manager
31.12.2012
Government
Date
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
6 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Date
17.04.2013
01.04.2013
24.03.2013
12.03.2013
06.03.2013
15.02.2013
13.02.2013
13.02.2013
13.02.2013
13.02.2013
13.02.2013
12.02.2013
12.02.2013
12.02.2013
12.02.2013
30.04.2013
Garmin Ltd
Garmin Ltd. provides navigation, communications, and information devices, most
of which are enabled by Global Positioning System (GPS) technology. The Company
designs, develops, manufactures, and markets hand-held, portable, and fixed
mount GPS-enabled products and other navigation, communications, and information
products under its own brand name.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (02.05.2012)
52-Week Low (22.04.2013)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 11.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
GRMN UW EQUITY YTD Change
GRMN UW EQUITY YTD % CHANGE
12/2012
12/yy
50.64
32.52
216'223.00
35.24
-30.41%
8.36%
15.01%
196.2
6'913.92
0.00
0.0
0.0
2'872.58
4'041.34
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10.0 M
9.0 M
8.0 M
7.0 M
6.0 M
5.0 M
4.0 M
3.0 M
2.0 M
1.0 M
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12 m-12
31.12.2009
31.12.2010
2'946.4
2'689.9
1.48x
1.43x
882.5
731.3
4.93x
5.25x
704.0
584.6
8.83x
10.26x
Profitability
LTM-4Q
31.12.2011
2'758.6
1.90x
648.3
8.10x
520.9
14.91x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'715.7
1.82x
694.6
7.13x
542.4
14.49x
694.63
604.16
22.25%
23.00%
11.68%
15.98%
0.58%
53.0%
25.6%
22.2%
20.0%
2.79
2.19
0.00%
0.00%
4.48
3.24
12/yy
2'758.6
6.20x
648.3
8.10x
520.9
14.91x
LTM
12/yy
2'715.7
8.08x
694.6
7.34x
542.4
14.71x
FY+1
5.11
0.82
116.75
11.79
-21.68%
-12.55%
0.823
13
3.385
320'393
369'435
447'453
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
2'555.0
2'506.9
516.8
667.5
597.4
603.4
112.2
173.6
6.76x
6.70x
6.50x
6.33x
466.7
471.9
81.1
132.6
14.65x
14.40x
14.67x
14.50x
S&P Issuer Ratings
-4.14
0.00
0.0%
0.0%
0.58
6.57
81.61
112.86
42.57
151.08
Sales/Revenue/Turnover
14.00
4'000.0
12.00
3'500.0
3'000.0
10.00
2'500.0
8.00
2'000.0
6.00
1'500.0
4.00
1'000.0
2.00
500.0
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Garmin Ltd
Holdings By:
All
Holder Name
KAO MIN H
BURRELL GARY L
CAPITAL GROUP COMPAN
RUEY-JENG KAO
BLACKROCK
VANGUARD GROUP INC
STATE STREET
SELECT EQUITY GROUP
INVESCO LTD
PERKINS INVESTMENT M
SWEDBANK ROBUR FONDE
JANUS CAPITAL MANAGE
FMR LLC
NEUBERGER BERMAN LLC
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
AMERICAN CENTURY COM
NORGES BANK
WESTWOOD MANAGEMENT
DISCIPLINED GROWTH I
Firm Name
JPMorgan
Wells Fargo Securities, LLC
EVA Dimensions
Oppenheimer & Co
Avondale Partners LLC
RBC Capital Markets
D.A. Davidson & Co
Dougherty & Company LLC
Goldman Sachs
Needham & Co
Pacific Crest Securities
William Blair & Co
Portfolio Name
n/a
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
SELECT EQUITY GROUP
n/a
PERKINS INVESTMENT M
Multiple Portfolios
n/a
n/a
NEUBERGER BERMAN GRO
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
AMERICAN CENTURY COM
NORGES BANK
WESTWOOD MANAGEMENT
DISCIPLINED GROWTH I
Analyst
PAUL T COSTER
ANDREW SPINOLA
CRAIG STERLING
YAIR REINER
JOHN F BRIGHT
MARK SUE
JB GROH
CHARLIE ANDERSON
SIMONA JANKOWSKI
RICHARD F VALERA
JAMES FAUCETTE
JONATHAN HO
Source
Form 4
Form 4
ULT-AGG
13G
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
MF-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
Recommendation
underweight
outperform
overweight
market perform
market outperform
sector perform
neutral
neutral
Sell/Neutral
hold
outperform
outperform
Amt Held
38'942'580
29'338'570
11'420'372
10'377'962
9'124'582
7'055'720
5'796'303
4'510'019
2'982'081
2'728'330
2'665'523
2'290'419
1'953'297
1'905'166
1'883'926
1'417'566
1'299'723
1'197'871
1'142'569
1'126'958
% Out
19.85
14.95
5.82
5.29
4.65
3.6
2.95
2.3
1.52
1.39
1.36
1.17
1
0.97
0.96
0.72
0.66
0.61
0.58
0.57
Weighting
Change
1
5
5
3
4
3
3
3
1
3
5
5
M
M
U
M
M
M
M
M
M
M
M
M
Latest Chg
(45'000)
(225'000)
(278'126)
361'974
2'412'665
194'596
(209'401)
421'770
22'091
1'414'677
(2'464'202)
498'766
(71'866)
671'795
67'829
30'574
397'019
32'380
Target Price
30
#N/A N/A
#N/A N/A
#N/A N/A
45
47
40
#N/A N/A
30
#N/A N/A
50
#N/A N/A
File Dt
Inst Type
14.12.2012
n/a
15.05.2012
n/a
28.02.2013
Investment Advisor
31.12.2012
n/a
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Government
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
6 month
Not Provided
Not Provided
Not Provided
12 month
12 month
18 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Date
24.04.2013
23.04.2013
10.04.2013
02.04.2013
01.03.2013
21.02.2013
21.02.2013
21.02.2013
20.02.2013
20.02.2013
20.02.2013
20.02.2013
30.04.2013
Price/Volume
60
12.0 M
10.0 M
30
12/2012
12/yy
55.16
24.13
2'876'474.00
51.09
-7.38%
111.77%
86.89%
1'522.4
77'779.03
8'224.05
0.0
241.1
2'582.09
83'662.12
8.0 M
6.0 M
20
4.0 M
10
2.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
14.0 M
40
Valuation Analysis
31.12.2008
5'335.8
8.35x
2'845.0
15.67x
1'978.9
24.83x
16.0 M
50
31.12.2009
31.12.2010
7'011.4
7'949.4
5.18x
3.38x
3'742.2
4'227.7
9.71x
6.35x
2'635.8
2'901.3
15.12x
10.53x
Profitability
LTM-4Q
31.12.2011
8'385.4
3.41x
4'092.1
6.99x
2'803.6
11.34x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
9'702.5
6.36x
4'288.4
14.38x
2'591.6
21.79x
4'288.38
4'010.18
41.33%
37.23%
13.45%
32.30%
17.56%
0.50%
74.5%
44.2%
41.3%
26.7%
1.44
0.85
38.72%
88.34%
5.24
1.58
LTM
12/yy
8'385.4
14.21x
4'092.1
6.99x
2'803.6
11.33x
12/yy
9'702.5
21.53x
4'288.4
14.38x
2'591.6
21.90x
FY+1
0.90
1'509.36
60.08
96.46%
39.12%
0.901
31
4.677
3'420'540
3'227'112
2'831'895
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
10'713.0
13'008.8
2'587.7
2'670.2
7.63x
6.10x
4'815.3
6'769.4
1'131.7
1'147.7
17.37x
12.36x
18.03x
3'270.9
4'651.5
805.9
817.4
24.76x
17.21x
25.44x
22.09x
S&P Issuer Ratings
23.03.2011
ASTABLE
11.88
10.78
1.32
1.92
88.3%
46.3%
0.50
10.35
69.83
232.14
164.03
137.94
Sales/Revenue/Turnover
25.00
12'000.0
10'000.0
20.00
8'000.0
15.00
6'000.0
10.00
4'000.0
5.00
0.00
01.01.2010
2'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
WELLINGTON MANAGEMEN
NORTHERN TRUST CORPO
INVESCO LTD
BANK OF NEW YORK MEL
UBS
MARSICO CAPITAL MANA
JP MORGAN
JENNISON ASSOCIATES
AMERIPRISE FINANCIAL
TIAA CREF INVESTMENT
JANUS CAPITAL MANAGE
GOLDMAN SACHS GROUP
WELLS FARGO
FRANKLIN RESOURCES
Firm Name
Wells Fargo Securities, LLC
BMO Capital Markets
RBC Capital Markets
Sanford C. Bernstein & Co
William Blair & Co
S&P Capital IQ
Piper Jaffray
Morgan Stanley
Oppenheimer & Co
Maxim Group LLC
JPMorgan
Leerink Swann & Co
Lazard Capital Markets
Goldman Sachs
Deutsche Bank
Barclays
Summer Street Research Partners
Robert W. Baird & Co
Stifel
ISI Group
Needham & Co
Credit Suisse
Guggenheim Securities LLC
Jefferies
Cowen and Company
Argus Research Corp
Atlantic Equities LLP
EVA Dimensions
First Global Stockbroking
BWS Financial
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
WELLINGTON MANAGEMEN
NORTHERN TRUST CORPO
n/a
BANK OF NEW YORK MEL
n/a
MARSICO CAPITAL MANA
n/a
JENNISON ASSOCIATES
AMERIPRISE FINANCIAL
TIAA-CREF INVESTMENT
n/a
GOLDMAN SACHS GROUP
n/a
n/a
Analyst
BRIAN C ABRAHAMS
JIM BIRCHENOUGH
MICHAEL J YEE
GEOFFREY C PORGES
JOHN S SONNIER
STEVEN SILVER
M IAN SOMAIYA
MARSHALL URIST
DAVID FERREIRO
JASON KOLBERT
GEOFFREY MEACHAM
HOWARD LIANG
JOSHUA SCHIMMER
TERENCE FLYNN
ROBYN KARNAUSKAS
CHARLES ANTHONY BUTLER
CAROL A WERTHER
BRIAN P SKORNEY
JOEL D SENDEK
MARK J SCHOENEBAUM
ALAN CARR
RAVI MEHROTRA
BRET HOLLEY
THOMAS WEI
PHILIP NADEAU
JOHN M EADE
RICHARD J PURKISS
ANDREW S ZAMFOTIS
KAVITA THOMAS
HAMED KHORSAND
Source
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
Recommendation
outperform
outperform
outperform
outperform
outperform
buy
overweight
Overwt/In-Line
outperform
buy
overweight
outperform
buy
neutral/attractive
buy
overweight
neutral
outperform
buy
buy
buy
outperform
buy
hold
outperform
hold
neutral
overweight
market perform
buy
Amt Held
298'675'044
111'854'914
87'595'427
81'560'916
69'391'713
62'827'858
45'508'106
29'696'606
25'991'274
21'435'057
21'351'034
20'915'172
20'694'520
19'501'542
18'205'634
16'314'578
15'814'906
14'721'904
13'389'278
12'682'844
% Out
19.62
7.35
5.75
5.36
4.56
4.13
2.99
1.95
1.71
1.41
1.4
1.37
1.36
1.28
1.2
1.07
1.04
0.97
0.88
0.83
Weighting
Change
5
5
5
5
5
5
5
5
5
5
5
5
5
3
5
5
3
5
5
5
5
5
5
3
5
3
3
5
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
D
M
M
Latest Chg
16'340'092
15'313'566
2'889'961
1'685'143
2'188'569
2'762'936
(6'740'462)
9'207'940
(2'060'540)
(491'149)
(5'748'154)
6'930'110
5'852'626
9'988'298
3'621'978
(761'396)
(1'905'270)
(2'927'484)
137'974
(893'128)
Target Price
#N/A N/A
71
55
63
#N/A N/A
66
63
65
59
97
75
#N/A N/A
63
54
69
65
#N/A N/A
55
57
59
45
60
50
40
#N/A N/A
#N/A N/A
41
#N/A N/A
#N/A N/A
24
File Dt
31.03.2013
28.02.2013
23.04.2013
24.04.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.01.2013
Date
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
18 month
12 month
6 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
18.04.2013
18.04.2013
17.04.2013
16.04.2013
15.04.2013
10.04.2013
09.04.2013
08.04.2013
08.04.2013
05.04.2013
04.04.2013
22.03.2013
14.03.2013
20.02.2013
06.02.2013
05.02.2013
04.02.2013
09.02.2012
21.04.2011
30.04.2013
Google Inc
Google Inc. is a global technology company that provides a web based search
engine through its website. The Company offers a wide range of search options,
including web, image, groups, directory, and news searches.
Price/Volume
900
4.0 M
800
3.5 M
700
3.0 M
600
2.5 M
500
12/2012
03/yy
844.00
556.55
536'430.00
819.06
-2.95%
47.17%
91.32%
270.2
271'115.41
5'537.00
0.0
0.0
49'557.00
224'686.42
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
1.5 M
300
200
1.0 M
100
.5 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
400
Valuation Analysis
31.12.2009
31.12.2010
23'650.6
29'321.0
7.29x
5.42x
9'836.5
11'777.0
17.53x
13.48x
6'520.4
8'505.0
30.38x
22.58x
Profitability
LTM-4Q
31.12.2011
37'905.0
4.45x
13'593.0
12.41x
9'737.0
21.70x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
50'175.0
3.77x
15'722.0
12.05x
10'737.0
20.79x
15'722.00
12'760.00
25.43%
26.68%
12.88%
16.32%
15.24%
0.63%
58.9%
29.5%
23.4%
21.4%
4.22
3.90
5.90%
7.72%
8.56
73.22
LTM
03/yy
39'975.0
14.71x
14'796.0
11.10x
10'829.0
19.44x
03/yy
54'703.0
13.98x
16'160.0
13.39x
11'193.0
22.70x
FY+1
0.00
0.96
269.17
3.56
35.33%
15.46%
0.955
45
4.311
559'687
611'970
624'636
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
47'546.3
55'173.4
11'356.0
11'893.4
4.47x
3.54x
19.50x
18.28x
21'383.4
25'240.6
5'163.6
5'384.6
10.51x
8.90x
9.96x
9.52x
15'640.1
18'150.5
3'632.5
3'781.3
17.74x
15.38x
17.36x
16.66x
S&P Issuer Ratings
19.11.2012
AA
STABLE
15.07.2010
A-1+
187.17
148.20
-2.87
0.32
7.7%
7.2%
0.63
4.93
42.62
4.98
21.37
30.52
Sales/Revenue/Turnover
25.00
60'000.0
50'000.0
20.00
40'000.0
15.00
30'000.0
10.00
20'000.0
5.00
0.00
01.01.2010
10'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Google Inc
Holdings By:
All
Holder Name
FMR LLC
BLACKROCK
STATE STREET
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
T ROWE PRICE ASSOCIA
JP MORGAN
BANK OF NEW YORK MEL
INVESCO LTD
NORTHERN TRUST CORPO
PRIMECAP MANAGEMENT
JENNISON ASSOCIATES
DAVIS SELECTED ADVIS
GOLDMAN SACHS GROUP
SANDS CAPITAL MANAGE
UBS
WELLS FARGO
TIAA CREF INVESTMENT
WELLINGTON MANAGEMEN
MORGAN STANLEY
Firm Name
Independent Research GmbH
JMP Securities
Argus Research Corp
Hilliard Lyons
William Blair & Co
Cantor Fitzgerald
Sterne, Agee & Leach
Wells Fargo Securities, LLC
BMO Capital Markets
Deutsche Bank
Morgan Stanley
RBC Capital Markets
Credit Suisse
JPMorgan
Jefferies
Needham & Co
Pacific Crest Securities
Robert W. Baird & Co
Sanford C. Bernstein & Co
Wedbush
Raymond James
Macquarie
B Riley & Company, Inc
Stifel
Canaccord Genuity Corp
Evercore Partners
Oppenheimer & Co
Cowen and Company
S&P Capital IQ
Atlantic Equities LLP
Credit Agricole Securities (USA)
Barclays
Telsey Advisory Group
Wedge Partners
Topeka Capital Markets Inc
Pivotal Research Group LLC
Edward Jones
Piper Jaffray
BGC Partners
Goldman Sachs
Tigress Financial Partners
Daiwa Securities Co. Ltd.
EVA Dimensions
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
T ROWE PRICE ASSOCIA
n/a
BANK OF NEW YORK MEL
n/a
NORTHERN TRUST CORPO
PRIMECAP MANAGEMENT
JENNISON ASSOCIATES
DAVIS SELECTED ADVIS
GOLDMAN SACHS GROUP
SANDS CAPITAL MANAGE
n/a
n/a
TIAA-CREF INVESTMENT
WELLINGTON MANAGEMEN
n/a
Analyst
MARKUS FRIEBEL
RONALD V JOSEY III
JOSEPH F BONNER
STEPHEN TURNER
RALPH SCHACKART
YOUSSEF H SQUALI
SHAW WU
JASON MAYNARD
DANIEL SALMON
ROSS SANDLER
SCOTT W DEVITT
MARK S MAHANEY
STEPHEN JU
DOUGLAS ANMUTH
BRIAN J PITZ
KERRY RICE
EVAN S WILSON
COLIN SEBASTIAN
CARLOS KIRJNER
JAMES G DIX
AARON M KESSLER
BENJAMIN A SCHACHTER
SAMEET SINHA
JORDAN ROHAN
MICHAEL GRAHAM
KEN SENA
JASON S HELFSTEIN
JOHN BLACKLEDGE
SCOTT H KESSLER
HAMILTON FABER
JAMES LEE
ANTHONY J DICLEMENTE
THOMAS FORTE
MARTIN PYYKKONEN
VICTOR ANTHONY
BRIAN WIESER
JOSH OLSON
EUGENE E MUNSTER
COLIN W GILLIS
HEATHER BELLINI
IVAN FEINSETH
KAZUYA NISHIMURA
ANDREW S ZAMFOTIS
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
Recommendation
hold
market outperform
buy
neutral
outperform
buy
suspended coverage
market perform
market perform
buy
Overwt/Attractive
outperform
outperform
overweight
buy
buy
outperform
outperform
outperform
neutral
outperform
outperform
buy
hold
buy
overweight
market perform
outperform
buy
overweight
buy
overweight
no rating system
no rating system
buy
hold
buy
overweight
hold
neutral/neutral
strong buy
outperform
hold
Amt Held
18'215'530
15'347'658
14'026'275
12'251'664
11'006'397
9'457'496
6'422'462
4'684'381
4'291'875
3'824'800
3'207'437
2'756'412
2'715'974
2'501'395
2'490'314
2'324'675
2'229'474
2'222'539
2'173'908
2'120'450
% Out
6.74
5.68
5.19
4.53
4.07
3.5
2.38
1.73
1.59
1.42
1.19
1.02
1.01
0.93
0.92
0.86
0.83
0.82
0.8
0.78
Weighting
Change
3
4
5
3
5
5
#N/A N/A
3
3
5
5
5
5
5
5
5
5
5
5
3
5
5
5
3
5
5
3
5
5
5
5
5
#N/A N/A
#N/A N/A
5
3
5
5
3
3
5
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
M
M
M
M
M
M
M
M
M
M
D
Latest Chg
(5'443)
534'588
(374'578)
418'606
1'637'525
151'141
625'640
97'407
(228'560)
(23'714)
(39'630)
597'897
(130'698)
(90'008)
6'165
(118'285)
155'738
(122'117)
320'943
(207'449)
Target Price
890
955
875
#N/A N/A
#N/A N/A
900
#N/A N/A
#N/A N/A
790
930
932
950
982
860
1'000
900
980
830
1'000
800
875
925
846
#N/A N/A
890
925
820
#N/A N/A
925
1'000
1'000
875
870
#N/A N/A
950
820
#N/A N/A
935
760
760
#N/A N/A
925
#N/A N/A
File Dt
28.02.2013
23.04.2013
24.04.2013
31.03.2013
31.03.2013
31.12.2012
28.02.2013
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
28.02.2013
31.12.2012
31.12.2012
28.02.2013
Date
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
6 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
18.04.2013
16.04.2013
26.03.2013
20.03.2013
15.03.2013
22.02.2013
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (02.04.2013)
52-Week Low (01.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 15.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
HSIC UW EQUITY YTD Change
HSIC UW EQUITY YTD % CHANGE
12/2012
12/yy
92.86
71.97
113'716.00
89.94
-3.14%
24.97%
86.02%
87.6
7'878.40
533.28
0.0
437.5
122.08
8'727.06
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
.8 M
.7 M
.6 M
.5 M
.4 M
.3 M
.2 M
.1 M
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
100
90
80
70
60
50
40
30
20
10
0
a-12
31.12.2009
31.12.2010
6'538.3
7'526.8
0.73x
0.84x
548.6
634.6
8.71x
9.95x
311.2
325.8
16.53x
17.38x
Profitability
LTM-4Q
31.12.2011
8'530.2
0.76x
698.0
9.30x
367.7
16.23x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
8'940.0
0.88x
759.5
10.37x
388.1
18.02x
759.48
634.15
7.09%
6.84%
7.70%
15.38%
12.97%
1.77%
28.0%
8.5%
7.1%
4.3%
1.84
0.77
10.00%
20.40%
9.39
5.98
LTM
12/yy
8'530.2
3.18x
698.0
9.30x
367.7
16.23x
12/yy
8'940.0
3.48x
759.5
10.37x
388.1
18.07x
FY+1
0.00
0.96
85.89
2.59
17.20%
11.78%
0.961
18
3.444
160'828
131'057
154'271
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
9'515.1
10'038.1
2'248.1
2'378.4
0.89x
0.82x
3.90x
3.68x
805.8
863.6
185.3
202.8
10.83x
10.11x
10.82x
10.63x
432.0
472.5
94.9
108.6
18.47x
16.71x
18.45x
17.90x
S&P Issuer Ratings
24.58
22.92
0.54
0.70
20.4%
14.9%
1.77
33.39
38.75
60.87
38.35
61.28
Sales/Revenue/Turnover
25.00
10'000.0
9'000.0
8'000.0
20.00
7'000.0
15.00
6'000.0
10.00
5'000.0
4'000.0
3'000.0
2'000.0
5.00
1'000.0
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
T ROWE PRICE ASSOCIA
BLACKROCK
VANGUARD GROUP INC
GENERATION INVESTMEN
STATE STREET
BROWN BROTHERS HARRI
NEUBERGER BERMAN LLC
PRUDENTIAL FINANCIAL
JENNISON ASSOCIATES
ATLANTA CAPITAL MANA
FINDLAY PARK PARTNER
TIVERTON ASSET MANAG
GOLDMAN SACHS GROUP
SELECT EQUITY GROUP
MACKENZIE FINANCIAL
WADDELL & REED FINAN
JP MORGAN
ENTRUST CAPITAL INC
SWEDBANK ROBUR FONDE
Firm Name
JPMorgan
CL King & Associates
Edward Jones
William Blair & Co
Northcoast Research
Robert W. Baird & Co
ISI Group
Piper Jaffray
Leerink Swann & Co
Jefferies
Stifel
Credit Suisse
Barrington Research
Wallachbeth Capital LLC
Goldman Sachs
EVA Dimensions
Portfolio Name
n/a
T ROWE PRICE ASSOCIA
n/a
VANGUARD GROUP INC
GENERATION INVESTMEN
n/a
BROWN BROTHERS HARRI
NEUBERGER BERMAN GRO
n/a
JENNISON ASSOCIATES
ATLANTA CAPITAL MANA
FINDLAY PARK PARTNER
TIVERTON ASSET MANAG
GOLDMAN SACHS GROUP
SELECT EQUITY GROUP
MACKENZIE FINANCIAL
WADDELL & REED FINAN
n/a
ENTRUST CAPITAL INC
Multiple Portfolios
Analyst
LISA C GILL
ROSS TAYLOR
MATTHEW D COLLINS
JOHN C KREGER
EDWIN SNYDER
JEFFREY D JOHNSON
MICHAEL CHERNY
KEVIN ELLICH
DAVID LARSEN
BRANDON COUILLARD
JONATHAN D BLOCK
GLEN SANTANGELO
CHARLES R JONES
GLEN M LOSEV
ROBERT P JONES
ANDREW S ZAMFOTIS
Source
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
MF-AGG
Recommendation
neutral
buy
buy
outperform
buy
outperform
neutral
neutral
market perform
hold
hold
neutral
market perform
hold
neutral/neutral
hold
Amt Held
6'480'243
6'403'492
5'191'730
4'387'742
4'217'926
3'900'001
3'434'959
3'325'469
2'141'394
1'991'253
1'682'101
1'677'966
1'580'369
1'423'289
1'371'758
1'355'800
1'351'150
1'302'255
1'300'000
1'279'544
% Out
7.4
7.31
5.93
5.01
4.82
4.45
3.92
3.8
2.44
2.27
1.92
1.92
1.8
1.62
1.57
1.55
1.54
1.49
1.48
1.46
Weighting
Change
3
5
5
5
5
5
3
3
3
3
3
3
3
3
3
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
Latest Chg
196'448
115'400
218'120
(33'416)
91'869
230'374
43'407
49'074
366'839
77'278
923
1'580'369
(431'584)
(240'276)
(211'700)
57'000
234'038
73'910
Target Price
89
100
#N/A N/A
#N/A N/A
110
98
94
92
#N/A N/A
80
#N/A N/A
92
#N/A N/A
85
92
#N/A N/A
File Dt
Inst Type
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
Date
6 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
Date
23.04.2013
22.04.2013
18.04.2013
18.04.2013
18.04.2013
15.04.2013
15.04.2013
26.03.2013
26.02.2013
25.02.2013
25.02.2013
14.02.2013
14.02.2013
14.02.2013
13.02.2013
04.02.2013
30.04.2013
Intel Corp
Intel Corporation designs, manufactures, and sells computer components and
related products. The Company's major products include microprocessors,
chipsets, embedded processors and microcontrollers, flash memory products,
graphics products, network and communications products, systems management
software, conferencing products, and digital imaging products.
Price/Volume
30.0 M
25.0 M
20.0 M
15
12/2012
03/yy
29.27
19.23
8'151'209.00
23.76
-18.82%
23.56%
45.12%
4'946.0
117'516.96
13'448.00
0.0
0.0
22'586.00
108'976.96
15.0 M
10
10.0 M
5.0 M
0
a-12 m-12
31.12.2009
31.12.2010
35'127.0
43'623.0
2.84x
2.16x
10'994.0
20'226.0
9.08x
4.65x
4'369.0
11'464.0
16.80x
10.37x
Profitability
LTM-4Q
31.12.2011
53'999.0
2.10x
23'541.0
4.81x
12'942.0
9.59x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
53'341.0
1.70x
22'160.0
4.10x
11'005.0
9.50x
22'160.00
14'638.00
27.44%
27.88%
13.31%
21.05%
0.68%
62.1%
39.9%
25.2%
20.6%
2.43
1.71
15.94%
26.26%
14.00
4.76
j-12
a-12
LTM
03/yy
54'058.0
8.44x
23'536.0
5.68x
12'520.0
11.62x
s-12
03/yy
53'015.0
7.97x
21'148.0
4.70x
10'312.0
10.92x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
4.67
1.00
4'768.94
235.47
-13.21%
16.40%
0.996
52
3.481
11'144'207
11'322'006
10'282'058
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
53'565.0
55'901.7
12'893.7
13'745.6
2.11x
2.00x
8.72x
8.15x
20'828.2
22'480.2
4'604.1
5'422.4
5.23x
4.85x
5.12x
4.97x
9'875.2
10'684.0
2'095.3
2'662.7
12.49x
11.70x
12.01x
11.55x
S&P Issuer Ratings
17.02.1993
A+
STABLE
17.02.1993
A-1+
67.15
33.74
-0.40
0.63
26.3%
20.8%
0.68
1.98
26.00
76.44
49.10
52.88
Sales/Revenue/Turnover
12.00
60'000.0
10.00
50'000.0
8.00
40'000.0
6.00
30'000.0
4.00
20'000.0
2.00
10'000.0
0.00
01.01.2010
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
35.0 M
25
20
Valuation Analysis
31.12.2008
37'586.0
1.81x
14'280.0
4.76x
5'292.0
12.66x
30
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Intel Corp
Holdings By:
All
Holder Name
STATE STREET
BLACKROCK
VANGUARD GROUP INC
MOORE GORDON EARLE
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
INVESCO LTD
WELLINGTON MANAGEMEN
HARRIS ASSOCIATES LP
ALLIANZ ASSET MANAGE
CAPITAL GROUP COMPAN
BANK OF AMERICA CORP
FRANKLIN RESOURCES
NORGES BANK
STATE FARM MUTUAL AU
DEUTSCHE BANK AG
LOOMIS SAYLES & COMP
GOLDMAN SACHS GROUP
GEODE CAPITAL MANAGE
UBS
Firm Name
Pacific Crest Securities
FBR Capital Markets
BMO Capital Markets
Robert W. Baird & Co
ISI Group
Wells Fargo Securities, LLC
Drexel Hamilton LLC
Evercore Partners
Crowell, Weedon & Co
MKM Partners
Morgan Stanley
Argus Research Corp
Roth Capital Partners
Credit Suisse
JPMorgan
Jefferies
Needham & Co
Sanford C. Bernstein & Co
Wedbush
Macquarie
Independent Research GmbH
B Riley & Company, Inc
Stifel
Sterne, Agee & Leach
Oppenheimer & Co
Nomura
Cowen and Company
JMP Securities
Gabelli & Co
Lazard Capital Markets
Williams Financial Group
Maxim Group LLC
Susquehanna Financial Group
Piper Jaffray
Credit Agricole Securities (USA)
Barclays
Deutsche Bank
RBC Capital Markets
Edward Jones
Raymond James
Canaccord Genuity Corp
Tigress Financial Partners
S&P Capital IQ
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
n/a
WELLINGTON MANAGEMEN
HARRIS ASSOC LP
n/a
n/a
BANK OF AMERICA
n/a
NORGES BANK
STATE FARM MUTUAL AU
DEUTSCHE BANK AKTIEN
LOOMIS SAYLES & CO L
GOLDMAN SACHS GROUP
GEODE CAPITAL MANAGE
n/a
Analyst
MICHAEL MCCONNELL
CHRISTOPHER ROLLAND
AMBRISH SRIVASTAVA
TRISTAN GERRA
SUMIT DHANDA
DAVID M WONG
RICHARD WHITTINGTON
PATRICK WANG
JAMES D RAGAN
DANIEL A BERENBAUM
JOSEPH MOORE
JAMES KELLEHER
KRISHNA SHANKAR
JOHN W PITZER
CHRISTOPHER DANELY
MARK J LIPACIS
N QUINN BOLTON
STACY A RASGON
BETSY VAN HEES
SHAWN WEBSTER
MARKUS FRIEBEL
CRAIG ELLIS
KEVIN E CASSIDY
VIJAY R RAKESH
RICHARD SCHAFER
ROMIT SHAH
TIMOTHY M ARCURI
ALEX GAUNA
HENDI SUSANTO
DANIEL L AMIR
CODY G ACREE
ASHOK KUMAR
CHRISTOPHER CASO
AUGUSTE P RICHARD
SRINI PAJJURI
BLAYNE CURTIS
ROSS C SEYMORE
DOUG FREEDMAN
WILLIAM C KREHER
HANS C MOSESMANN
ROBERT BURLESON
IVAN FEINSETH
CHRISTIN ARMACOST
Source
ULT-AGG
ULT-AGG
13F
Form 4
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
Recommendation
sector perform
market perform
market perform
outperform
buy
outperform
buy
equalweight
buy
buy
Underwt/In-Line
hold
neutral
outperform
neutral
hold
hold
underperform
neutral
outperform
buy
neutral
buy
neutral
market perform
reduce
neutral
market perform
buy
buy
hold
buy
neutral
neutral
underperform
equalweight
buy
sector perform
hold
underperform
hold
neutral
hold
Amt Held
280'446'544
276'369'330
228'240'221
172'992'357
107'138'879
76'183'909
73'349'858
71'696'575
67'755'999
62'474'851
49'437'200
42'262'952
40'574'173
40'236'837
39'078'900
38'661'945
36'009'427
35'339'649
33'702'161
33'546'281
% Out
5.67
5.59
4.61
3.5
2.17
1.54
1.48
1.45
1.37
1.26
1
0.85
0.82
0.81
0.79
0.78
0.73
0.71
0.68
0.68
Weighting
Change
3
3
3
5
5
5
5
3
5
5
1
3
3
5
3
3
3
1
3
5
5
3
5
3
3
2
3
3
5
5
3
5
3
3
1
3
5
3
3
1
3
3
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
5'515'611
1'063'793
3'877'756
(1'255'200)
(509'130)
231'840
(7'774'199)
2'772'732
3'656'359
1'886'682
(1'073'550)
2'352'168
14'347'374
3'652'891
(11'739'300)
9'367'763
4'046'035
(2'267'980)
(3'328'989)
(736'637)
Target Price
#N/A N/A
23
21
26
25
#N/A N/A
24
22
26
24
20
#N/A N/A
20
28
19
24
#N/A N/A
18
23
25
26
23
28
20
#N/A N/A
18
#N/A N/A
#N/A N/A
#N/A N/A
26
#N/A N/A
29
21
21
22
20
26
24
#N/A N/A
#N/A N/A
20
#N/A N/A
23
File Dt
24.04.2013
23.04.2013
31.03.2013
02.03.2005
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
Date
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
18 month
12 month
12 month
Not Provided
12 month
Not Provided
6 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Insurance Company
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Date
24.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
21.04.2013
19.04.2013
19.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
16.04.2013
16.04.2013
16.04.2013
16.04.2013
16.04.2013
16.04.2013
06.04.2013
30.04.2013
Intuit Inc
Intuit Inc. develops and markets business and financial management software
solutions for small and medium sized businesses, financial institutions,
consumers, and accounting professionals The Company provides software for small
business management and payroll processing, personal finance, and tax
preparation and filing.
Price/Volume
80
07/2012
01/yy
68.41
53.49
1'161'671.00
60.94
-10.92%
13.93%
49.93%
296.4
18'061.94
499.00
0.0
0.0
744.00
17'901.94
1.5 M
30
1.0 M
20
.5 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
31.07.2009
31.07.2010
3'109.0
3'455.0
2.98x
3.44x
957.7
1'119.0
9.67x
10.61x
447.0
574.0
18.68x
23.80x
Profitability
LTM-4Q
31.07.2011
3'772.0
3.61x
1'308.0
10.41x
634.0
22.03x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.07.2012
4'151.0
4.07x
1'419.0
11.90x
792.0
23.21x
1'419.00
1'177.00
28.35%
27.73%
15.72%
31.51%
24.92%
0.84%
81.7%
31.0%
25.8%
19.1%
1.20
0.73
10.65%
18.19%
7.43
-
01/yy
3'995.0
15.60x
1'401.0
11.90x
685.0
24.86x
LTM
01/yy
4'211.0
16.35x
1'307.0
14.04x
790.0
26.43x
FY+1
1.05
0.91
282.43
10.05
6.26%
2.98%
0.909
21
3.667
1'515'258
709'234
691'880
FY+2
FQ+1
FQ+2
07/13 Y
07/14 Y
04/13 Q3 07/13 Q4
4'518.5
4'921.7
2'188.3
727.0
3.82x
3.39x
7.68x
23.70x
1'688.2
1'873.7
1'387.9
92.1
10.60x
9.55x
10.04x
9.61x
1'015.0
1'117.8
892.6
32.2
18.18x
16.57x
17.25x
16.67x
S&P Issuer Ratings
29.05.2008
BBB
STABLE
28.38
25.68
-0.12
0.40
18.2%
15.4%
0.84
7.24
49.24
99.84
-
Sales/Revenue/Turnover
20.00
4'500.0
18.00
4'000.0
16.00
3'500.0
14.00
3'000.0
12.00
2'500.0
10.00
2'000.0
8.00
1'500.0
6.00
1'000.0
4.00
500.0
2.00
0.00
31.07.2009
2.0 M
50
2.5 M
60
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (06.03.2013)
52-Week Low (21.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 22.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
INTU UW EQUITY YTD Change
INTU UW EQUITY YTD % CHANGE
31.07.2008
3'071.0
2.93x
902.7
9.96x
476.8
19.80x
3.0 M
70
0.0
31.01.2010
31.07.2010
31.01.2011
31.07.2011
31.01.2012
31.07.2012
31.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Intuit Inc
Holdings By:
All
Holder Name
PRIMECAP MANAGEMENT
BLACKROCK
STATE STREET
COOK SCOTT D
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
FMR LLC
WADDELL & REED FINAN
JENNISON ASSOCIATES
MACQUARIE GROUP
BANK OF NEW YORK MEL
OPPENHEIMERFUNDS INC
JANUS CAPITAL MANAGE
ALLIANCE BERNSTEIN
WINSLOW CAPITAL MANA
TIAA CREF INVESTMENT
WELLS FARGO
NORTHERN TRUST CORPO
POLEN CAPITAL MANAGE
JP MORGAN
Firm Name
Morgan Stanley
Jefferies
Wells Fargo Securities, LLC
Barclays
Wedbush
Evercore Partners
Northcoast Research
Cowen and Company
First Analysis Corp
Raymond James
Millman Research Associates
Deutsche Bank
Goldman Sachs
JPMorgan
Janney Montgomery Scott LLC
Macquarie
Oppenheimer & Co
EVA Dimensions
Pacific Crest Securities
Portfolio Name
PRIMECAP MANAGEMENT
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
WADDELL & REED FINAN
JENNISON ASSOCIATES
n/a
BANK OF NEW YORK MEL
OPPENHEIMER FUNDS IN
n/a
n/a
WINSLOW CAPITAL MANA
TIAA-CREF INVESTMENT
n/a
NORTHERN TRUST CORPO
POLEN CAPITAL MANAGE
n/a
Analyst
JENNIFER LOWE
ROSS MACMILLAN
TIMOTHY W WILLI
RAIMO LENSCHOW
GIL B LURIA
DAVID M TOGUT
KARTIK MEHTA
PETER GOLDMACHER
LARRY BERLIN
WAYNE JOHNSON
MICHAEL MILLMAN
THOMAS ERNST JR
GREG DUNHAM
STERLING AUTY
YUN KIM
BRAD A ZELNICK
SCOTT A SCHNEEBERGER
ANDREW S ZAMFOTIS
BRENDAN BARNICLE
Source
13F
ULT-AGG
ULT-AGG
Form 4
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
Recommendation
Equalwt/In-Line
hold
market perform
equalweight
outperform
equalweight
neutral
outperform
equalweight
outperform
hold
buy
neutral/attractive
overweight
buy
neutral
outperform
overweight
sector perform
Amt Held
17'554'978
16'418'092
14'971'171
13'201'868
13'012'480
12'570'100
12'387'302
10'418'562
10'137'644
9'716'592
7'214'208
6'639'811
5'859'348
5'570'324
5'283'586
5'239'299
4'895'654
3'987'428
3'863'314
3'562'017
% Out
5.92
5.54
5.05
4.45
4.39
4.24
4.18
3.52
3.42
3.28
2.43
2.24
1.98
1.88
1.78
1.77
1.65
1.35
1.3
1.2
Weighting
Change
3
3
3
3
5
3
3
5
3
5
3
5
3
5
5
3
5
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(89'700)
(415'749)
490'282
8'678'400
151'423
1'183'080
1'052'512
347'950
(107'852)
(354'330)
553'376
1'035'189
(480'314)
(43'300)
153'639
(7'574)
81'337
(543'447)
Target Price
#N/A N/A
61
#N/A N/A
67
67
58
#N/A N/A
#N/A N/A
#N/A N/A
68
59
69
67
65
80
62
65
#N/A N/A
#N/A N/A
File Dt
31.12.2012
23.04.2013
24.04.2013
31.12.2012
31.03.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
6 month
12 month
12 month
12 month
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
18.04.2013
27.03.2013
26.03.2013
25.03.2013
22.02.2013
22.02.2013
22.02.2013
22.02.2013
22.02.2013
22.02.2013
15.01.2013
29.04.2011
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (02.05.2012)
52-Week Low (15.03.2013)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 10.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ISRG UW EQUITY YTD Change
ISRG UW EQUITY YTD % CHANGE
12/2012
03/yy
591.41
455.18
80'360.00
489.16
-17.29%
7.47%
24.94%
40.2
19'645.17
0.00
0.0
0.0
1'324.40
18'286.97
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
.7 M
600
.6 M
500
.5 M
400
.4 M
300
.3 M
200
.2 M
100
.1 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
700
31.12.2009
31.12.2010
1'052.2
1'413.0
10.57x
6.45x
412.0
595.6
27.01x
15.31x
232.6
381.8
51.17x
27.22x
Profitability
LTM-4Q
31.12.2011
1'757.3
9.77x
741.3
23.16x
495.1
37.58x
31.12.2012
2'178.8
8.44x
935.9
19.65x
656.6
30.69x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
935.90
878.10
40.30%
41.03%
18.55%
20.96%
20.96%
0.61%
72.1%
43.4%
40.8%
30.1%
4.71
4.22
0.00%
0.00%
7.12
5.08
03/yy
1'864.4
34.63x
788.3
26.05x
534.5
41.01x
LTM
03/yy
2'295.0
33.22x
996.5
18.45x
702.0
28.86x
FY+1
0.00
1.04
39.75
2.19
-15.40%
-0.25%
1.036
20
4.350
94'761
124'570
121'603
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
2'583.1
2'967.5
631.8
629.9
6.25x
5.27x
26.08x
25.93x
1'065.6
1'229.2
255.6
253.4
17.16x
14.88x
17.23x
16.65x
738.3
852.8
177.2
175.2
27.41x
23.58x
26.93x
25.75x
S&P Issuer Ratings
-1.36
0.00
0.0%
0.0%
0.61
9.98
51.27
71.81
32.40
95.75
Sales/Revenue/Turnover
40.00
2'500.0
35.00
2'000.0
30.00
25.00
1'500.0
20.00
1'000.0
15.00
10.00
500.0
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
BAILLIE GIFFORD AND
STATE STREET
BLACKROCK
VANGUARD GROUP INC
FMR LLC
SANDS CAPITAL MANAGE
MORGAN STANLEY
MARSICO CAPITAL MANA
WELLS FARGO
WINSLOW CAPITAL MANA
VIKING GLOBAL INVEST
ALLIANCE BERNSTEIN
BROWN ADVISORY INC
JANUS CAPITAL MANAGE
EDGEWOOD MANAGEMENT
JP MORGAN
NORTHERN TRUST CORPO
INVESCO LTD
BANK OF NEW YORK MEL
Firm Name
JPMorgan
Janney Montgomery Scott LLC
William Blair & Co
Leerink Swann & Co
Lazard Capital Markets
Morgan Stanley
SunTrust Robinson Humphrey
Barrington Research
Stifel
Canaccord Genuity Corp
JMP Securities
Northland Securities Inc
Wallachbeth Capital LLC
Goldman Sachs
Raymond James
Cantor Fitzgerald
Mizuho Securities USA Inc
EVA Dimensions
Portfolio Name
n/a
BAILLIE GIFFORD & CO
n/a
n/a
VANGUARD GROUP INC
n/a
SANDS CAPITAL MANAGE
n/a
MARSICO CAPITAL MANA
n/a
WINSLOW CAPITAL MANA
VIKING GLOBAL INVEST
n/a
n/a
n/a
EDGEWOOD MANAGEMENT
n/a
NORTHERN TRUST CORPO
n/a
BANK OF NEW YORK MEL
Analyst
TYCHO W PETERSON
SPENCER NAM
BENJAMIN C ANDREW
RICHARD NEWITTER
SEAN D LAVIN
DAVID R LEWIS
AMIT HAZAN
CHARLES R JONES
FREDERICK A WISE
JASON R MILLS
J T HARESCO III
SURAJ KALIA
Kathleen McGrath
DAVID H ROMAN
LAWRENCE S KEUSCH
JEREMY FEFFER
MICHAEL S MATSON
ANDREW S ZAMFOTIS
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
Recommendation
overweight
buy
outperform
market perform
buy
Equalwt/In-Line
buy
outperform
hold
buy
market outperform
underperform
buy
Buy/Neutral
outperform
buy
buy
hold
Amt Held
5'472'694
2'294'248
2'129'851
1'860'003
1'811'809
1'252'626
1'131'468
1'038'314
969'364
956'986
936'203
818'598
786'222
748'303
646'802
575'597
572'274
567'682
547'562
521'573
% Out
13.63
5.71
5.3
4.63
4.51
3.12
2.82
2.59
2.41
2.38
2.33
2.04
1.96
1.86
1.61
1.43
1.42
1.41
1.36
1.3
Weighting
Change
5
5
5
3
5
3
5
5
3
5
4
1
5
5
5
5
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
Latest Chg
263'000
(6'009)
36'579
54'929
34'047
43'778
(306'791)
653'710
5'420
295'136
731'598
58'952
74'215
(382'372)
66'396
(78'794)
(12'311)
(8'043)
2'739
Target Price
625
670
#N/A N/A
#N/A N/A
625
#N/A N/A
647
650
#N/A N/A
527
620
400
610
684
620
575
636
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
Date
6 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Date
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
23.01.2013
30.04.2013
KLA-Tencor Corp
KLA-Tencor Corporation manufactures yield management and process monitoring
systems for the semiconductor industry. The Company's systems are used to
analyze product and process quality at critical steps in the manufacture of
circuits and provide feedback so that fabrication problems can be identified.
KLA-Tencor operates sales, service, and application centers worldwide.
Price/Volume
2.0 M
06/2012
12/yy
57.95
43.22
904'466.00
53.11
-8.35%
22.88%
67.14%
165.9
8'810.19
746.83
0.0
0.0
2'534.44
6'677.93
1.0 M
20
.5 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
LTM-4Q
30.06.2011
3'175.2
1.72x
1'246.4
4.39x
794.5
8.27x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
3'171.9
2.02x
1'108.5
5.79x
756.0
10.63x
1'108.46
1'016.33
32.04%
30.71%
12.96%
19.87%
0.60%
58.1%
31.5%
28.5%
23.8%
4.83
3.75
14.64%
22.52%
5.52
1.99
12/yy
3'165.5
7.57x
1'159.7
5.70x
757.6
10.37x
LTM
12/yy
3'126.7
8.34x
1'034.0
5.90x
695.2
11.30x
FY+1
2.92
1.24
165.65
4.08
5.01%
11.99%
1.235
18
4.444
972'095
599'537
618'665
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
06/13 Q4 09/13 Q1
2'826.9
3'163.7
712.0
760.1
2.55x
2.05x
9.10x
8.39x
810.7
998.6
205.3
225.7
8.24x
6.69x
6.81x
6.13x
548.1
700.4
136.2
162.9
16.40x
12.96x
13.78x
12.16x
S&P Issuer Ratings
28.04.2008
BBB
STABLE
20.45
19.39
-2.24
0.79
22.5%
18.4%
0.60
10.60
66.13
183.63
34.92
206.13
Sales/Revenue/Turnover
35.00
3'500.0
30.00
3'000.0
25.00
2'500.0
20.00
2'000.0
15.00
1'500.0
10.00
1'000.0
5.00
500.0
0.00
03.07.2009
1.5 M
30
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
2.5 M
50
40
Valuation Analysis
30.06.2008
2'521.7
2.50x
638.4
9.86x
359.1
20.88x
60
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
KLA-Tencor Corp
Holdings By:
All
Holder Name
CAPITAL GROUP COMPAN
BLACKROCK
VANGUARD GROUP INC
STATE STREET
JP MORGAN
AMERIPRISE FINANCIAL
PRIMECAP MANAGEMENT
FMR LLC
T ROWE PRICE ASSOCIA
INVESCO LTD
JANUS CAPITAL MANAGE
BANK OF NEW YORK MEL
RENAISSANCE TECHNOLO
NORTHERN TRUST CORPO
CITADEL ADVISORS LLC
CLEARBRIDGE INVESTME
EPOCH INVESTMENT PAR
GOLDMAN SACHS GROUP
STATE FARM MUTUAL AU
NORGES BANK
Firm Name
Pacific Crest Securities
Cowen and Company
B Riley & Company, Inc
Stifel
Exane BNP Paribas
Needham & Co
Credit Suisse
RBC Capital Markets
Piper Jaffray
Susquehanna Financial Group
Goldman Sachs
Deutsche Bank
Credit Agricole Securities (USA)
EVA Dimensions
S&P Capital IQ
First Global Stockbroking
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
AMERIPRISE FINANCIAL
PRIMECAP MANAGEMENT
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
BANK OF NEW YORK MEL
RENAISSANCE TECHNOLO
NORTHERN TRUST CORPO
CITADEL ADVISORS LLC
CLEARBRIDGE INVESTME
EPOCH INVESTMENT PAR
GOLDMAN SACHS GROUP
STATE FARM MUTUAL AU
NORGES BANK
Analyst
WESTON TWIGG
TIMOTHY M ARCURI
BEN PANG
PATRICK J HO
JEROME RAMEL
EDWIN MOK
SATYA KUMAR
MAHESH SANGANERIA
JAGADISH IYER
MEHDI HOSSEINI
JAMES V COVELLO
VISHAL SHAH
MARK HELLER
ANDREW S ZAMFOTIS
ANGELO ZINO
ISHANSH VIJ
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
outperform
neutral
buy
buy
outperform
buy
outperform
outperform
overweight
neutral
Sell/Neutral
hold
buy
buy
buy
market perform
Amt Held
22'627'316
15'847'397
10'493'292
9'130'979
7'134'973
6'915'022
5'050'800
4'192'094
3'012'005
2'699'420
2'636'341
2'601'384
2'300'784
2'272'086
1'708'804
1'665'757
1'545'691
1'537'676
1'478'800
1'398'685
% Out
13.62
9.54
6.32
5.5
4.29
4.16
3.04
2.52
1.81
1.62
1.59
1.57
1.38
1.37
1.03
1
0.93
0.93
0.89
0.84
Weighting
Change
5
3
5
5
5
5
5
5
5
3
1
3
5
5
5
3
M
M
M
M
M
M
M
M
M
M
M
U
M
M
R
M
Latest Chg
(370'332)
285'878
134'480
2'050'188
337'635
(79'000)
(1'402'932)
(321'290)
(514'895)
(2'104'992)
(24'440)
376'200
29'564
1'702'853
793'685
100'773
157'204
105'700
168'897
Target Price
61
#N/A N/A
66
58
65
61
63
60
62
50
50
56
62
#N/A N/A
57
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Insurance Company
31.12.2012
Government
Date
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Date
24.04.2013
24.04.2013
23.04.2013
23.04.2013
19.04.2013
17.04.2013
12.04.2013
15.03.2013
15.03.2013
13.02.2013
07.02.2013
25.01.2013
25.01.2013
15.01.2013
26.10.2012
05.02.2011
30.04.2013
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (02.04.2013)
52-Week Low (01.10.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 23.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
KRFT UW EQUITY YTD Change
KRFT UW EQUITY YTD % CHANGE
Price/Volume
12/2012
12/yy
52.50
42.29
931'336.00
51.57
-1.77%
21.94%
90.89%
593.4
30'600.22
9'971.00
0.0
0.0
1'255.00
39'316.22
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
Price/ Cash Flow
1.20
12.0 M
50
10.0 M
40
8.0 M
30
6.0 M
20
4.0 M
10
2.0 M
0
s-12
.0 M
o-12
n-12
d-12
j-13
f-13
m-13
a-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
60
31.12.2009
31.12.2010
17'278.0
17'797.0
3'314.0
3'307.0
2'170.0
3'531.0
Profitability
LTM-4Q
31.12.2011
18'655.0
3'190.0
1'775.0
-
31.12.2012
18'339.0
1.91x
3'239.0
10.82x
1'642.0
12.69x
3'239.00
2'811.00
15.33%
13.38%
31.8%
9.0%
1.34
0.65
42.74%
279.14%
-
LTM
06/yy
0.0
#DIV/0!
0.0
0.00x
0.0
0.00x
12/yy
14'135.0
5.01x
2'237.0
0.00x
878.0
0.00x
FY+1
592.55
6.34
14.52%
24
3.833
840'301
953'710
1'037'542
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
18'770.5
19'237.3
4'476.1
4'847.3
2.12x
2.06x
8.98x
8.32x
3'536.4
3'794.1
813.8
947.9
11.12x
10.36x
11.23x
10.93x
1'689.3
1'865.1
388.6
467.1
18.53x
16.56x
18.48x
17.85x
S&P Issuer Ratings
19.07.2012
BBB
NEG
19.07.2012
A-2
13.61
11.76
279.1%
73.6%
32.36
Sales/Revenue/Turnover
20'000.0
18'000.0
1.00
16'000.0
14'000.0
0.80
0.60
0.40
12'000.0
10'000.0
8'000.0
6'000.0
4'000.0
0.20
2'000.0
0.0
0.00
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
BLACKROCK
CAPITAL GROUP COMPAN
VANGUARD GROUP INC
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
MORGAN STANLEY
JP MORGAN
NORTHERN TRUST CORPO
STATE STREET
FEDERATED INVESTORS
INVESCO LTD
FMR LLC
BANK OF AMERICA CORP
MACQUARIE GROUP
ALLIANCE BERNSTEIN
NORGES BANK
NEUBERGER BERMAN LLC
STANDARD LIFE INVEST
OPPENHEIMERFUNDS INC
FRANKLIN RESOURCES
Firm Name
BMO Capital Markets
Stifel
JPMorgan
Sanford C. Bernstein & Co
Janney Montgomery Scott LLC
Edward Jones
Davenport & Co
Deutsche Bank
Barclays
Wells Fargo Securities, LLC
Canaccord Genuity Corp
Morgan Stanley
Jefferies
EVA Dimensions
Credit Agricole Securities (USA)
Goldman Sachs
RBC Capital Markets
Argus Research Corp
CL King & Associates
Credit Suisse
S&P Capital IQ
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
n/a
n/a
NORTHERN TRUST CORPO
n/a
FEDERATED INVESTORS
n/a
n/a
BANK OF AMERICA
n/a
n/a
NORGES BANK
NEUBERGER BERMAN GRO
STANDARD LIFE INVEST
OPPENHEIMER FUNDS IN
n/a
Analyst
KENNETH B ZASLOW
CHRISTOPHER R GROWE
KENNETH GOLDMAN
ALEXIA HOWARD
JONATHAN P FEENEY
BRIAN YARBROUGH
ANN H GURKIN
ERIC R KATZMAN
ANDREW LAZAR
JOHN J BAUMGARTNER
ALICIA FORRY
MATTHEW GRAINGER
THILO WREDE
AUSTIN BURKETT
DIANE GEISSLER
JASON ENGLISH
EDWARD AARON
JOHN D STASZAK
ERIC J LARSON
ROBERT MOSKOW
THOMAS GRAVES
Source
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
Recommendation
outperform
buy
neutral
market perform
neutral
hold
neutral
hold
overweight
market perform
buy
Equalwt/In-Line
buy
hold
outperform
neutral/neutral
outperform
hold
buy
outperform
hold
Amt Held
41'134'579
29'803'464
28'036'058
14'309'447
10'900'216
10'420'868
9'329'532
8'573'100
8'565'438
8'453'158
7'588'295
6'286'967
6'269'784
5'036'151
4'756'427
4'735'130
4'173'053
4'170'705
4'144'582
4'138'693
% Out
6.93
5.02
4.72
2.41
1.84
1.76
1.57
1.44
1.44
1.42
1.28
1.06
1.06
0.85
0.8
0.8
0.7
0.7
0.7
0.7
Weighting
Change
5
5
3
3
3
3
3
3
5
3
5
3
5
3
5
3
5
3
5
5
3
M
M
M
M
M
M
D
M
M
N
M
M
M
D
M
M
M
M
M
M
M
Latest Chg
29'803'464
1'059'896
14'309'447
(461'880)
10'370'973
9'255'731
8'573'100
259'651
948'276
7'588'295
6'286'967
6'269'784
5'036'151
1'417'875
4'735'130
4'173'053
(220'637)
4'144'582
4'061'921
Target Price
53
55
53
51
46
#N/A N/A
#N/A N/A
48
51
#N/A N/A
56
#N/A N/A
52
#N/A N/A
54
51
50
#N/A N/A
50
50
46
File Dt
23.04.2013
31.03.2013
31.03.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
24.04.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
28.02.2013
Date
Not Provided
12 month
6 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
23.04.2013
23.04.2013
22.04.2013
17.04.2013
16.04.2013
15.04.2013
15.04.2013
12.04.2013
12.04.2013
10.04.2013
04.04.2013
02.04.2013
28.03.2013
22.03.2013
20.03.2013
17.03.2013
11.03.2013
07.03.2013
19.02.2013
15.02.2013
16.10.2012
30.04.2013
Price/Volume
80
7.0 M
70
6.0 M
60
5.0 M
50
12/2012
12/yy
75.86
44.89
476'228.00
73.29
-3.39%
63.27%
91.70%
141.3
18'297.11
27'524.50
0.0
(124.9)
2'038.90
43'657.81
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.0 M
30
20
2.0 M
10
1.0 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
4.0 M
40
Valuation Analysis
31.12.2009
31.12.2010
7'497.4
8'364.2
4.24x
3.30x
3'203.0
3'770.7
9.93x
7.32x
(412.1)
388.2
Profitability
LTM-4Q
31.12.2011
9'510.8
3.63x
4'351.0
7.93x
(772.7)
-
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
10'310.8
4.04x
4'757.2
8.76x
322.8
4'757.20
2'066.10
20.04%
-4.69%
0.86%
12.87%
0.28%
64.9%
46.1%
20.0%
3.1%
0.81
0.66
71.85%
1245.45%
10.62
-
LTM
12/yy
9'510.8
13.73x
4'262.9
8.10x
(772.7)
0.00x
12/yy
10'310.8
14.84x
4'757.2
8.76x
322.8
0.00x
FY+1
0.00
0.99
130.12
31.23
47.14%
16.35%
0.993
13
4.692
528'956
662'998
817'964
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
13'791.8
15'802.9
2'743.3
2'766.0
3.11x
2.68x
5'890.4
6'789.0
1'306.0
1'328.0
7.41x
6.43x
8.19x
671.7
1'132.7
78.0
39.9
34.30x
22.13x
35.02x
S&P Issuer Ratings
06.02.2013
B+ *+
2.84
1.71
5.36
5.79
1245.5%
93.0%
0.28
0.78
34.46
71.82
-
Sales/Revenue/Turnover
8.00
12'000.0
7.00
10'000.0
6.00
8'000.0
5.00
4.00
6'000.0
3.00
4'000.0
2.00
2'000.0
1.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
BLACKROCK
CASCADE INVESTMENT L
COATUE MANAGEMENT LL
T ROWE PRICE ASSOCIA
COMCAST CORP
VANGUARD GROUP INC
BLUE RIDGE CAPITAL L
DODGE & COX
STATE STREET
FMR LLC
AMERICAN CENTURY COM
MARSICO CAPITAL MANA
ETON PARK CAPITAL MA
MAVERICK CAPITAL LTD
TIGER GLOBAL MANAGEM
SLEEP, ZAKARIA & CO
GATES FOUNDATION
NORGES BANK
TIAA CREF INVESTMENT
ARTISAN PARTNERS HOL
Firm Name
Morgan Stanley
ISI Group
Barclays
JPMorgan
Stifel
Wunderlich Securities
Evercore Partners
Pivotal Research Group LLC
HSBC
Goldman Sachs
Credit Suisse
EVA Dimensions
Nomura
Portfolio Name
n/a
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
VANGUARD GROUP INC
BLUE RIDGE CAPITAL L
DODGE & COX
n/a
n/a
AMERICAN CENTURY COM
MARSICO CAPITAL MANA
ETON PARK CAPITAL MA
MAVERICK CAPITAL LTD
TIGER GLOBAL MANAGEM
SLEEP, ZAKARIA & CO
BILL & MELINDA FOUND
NORGES BANK
TIAA-CREF INVESTMENT
ARTISAN PARTNERS LP
Analyst
BENJAMIN SWINBURNE
VIJAY JAYANT
MICHAEL BISHOP
CARL MURDOCK-SMITH
CHRISTOPHER C KING
MATTHEW HARRIGAN
BRYAN KRAFT
JEFFREY WLODARCZAK
NICOLAS COTE-COLISSON
TIMOTHY BODDY
JUSTIN FUNNELL
CRAIG STERLING
HENRIK NYBLOM
Source
ULT-AGG
13G
13G
13F
13G/PRXY
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
Overwt/In-Line
strong buy
overweight
restricted
buy
buy
overweight
buy
overweight
not rated
outperform
sell
buy
Amt Held
10'240'573
8'736'009
8'584'691
8'102'429
7'681'369
5'662'715
3'900'000
3'758'684
3'654'949
3'626'082
3'267'478
2'958'710
2'471'200
2'385'018
2'300'000
2'210'000
2'119'515
2'056'197
1'872'138
1'826'367
% Out
7.25
6.18
6.07
5.73
5.43
4.01
2.76
2.66
2.59
2.57
2.31
2.09
1.75
1.69
1.63
1.56
1.5
1.45
1.32
1.29
Weighting
Change
5
5
5
#N/A N/A
5
5
5
5
5
#N/A N/A
5
1
5
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
1'720'594
3'593'100
1'989'871
(43'700)
(1'230'818)
1'474'161
632'444
191'797
897'807
(3'950'000)
(209'351)
187'404
2'554
Target Price
80
85
82
#N/A N/A
80
84
83
88
80
#N/A N/A
65
#N/A N/A
67
File Dt
23.04.2013
31.12.2012
05.02.2013
31.12.2012
31.03.2012
31.03.2013
31.12.2012
31.12.2012
24.04.2013
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
12 month
Not Provided
Not Provided
12 month
18 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Corporation
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Hedge Fund Manager
Hedge Fund Manager
Endowment
Government
Investment Advisor
Investment Advisor
Date
24.04.2013
21.04.2013
17.04.2013
15.04.2013
12.04.2013
26.03.2013
07.03.2013
06.03.2013
15.02.2013
05.02.2013
21.01.2013
15.01.2013
14.12.2012
30.04.2013
Price/Volume
25
7.0 M
6.0 M
20
5.0 M
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (15.02.2013)
52-Week Low (04.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
LINTA UW EQUITY YTD Change
LINTA UW EQUITY YTD % CHANGE
12/2012
12/yy
22.04
14.06
825'891.00
20.98
-4.81%
49.18%
86.71%
512.7
11'350.03
7'884.00
0.0
4'489.0
4'479.00
19'244.03
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
4.0 M
10
3.0 M
2.0 M
1.0 M
0
a-12
31.12.2009
31.12.2010
8'305.0
8'932.0
1.24x
1.53x
1'607.0
1'679.0
6.40x
8.14x
258.0
1'892.0
20.51x
19.42x
Profitability
LTM-4Q
31.12.2011
9'616.0
1.41x
1'774.0
7.63x
912.0
20.81x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
10'054.0
1.85x
1'809.0
10.29x
1'530.0
1'809.00
1'200.00
11.94%
19.74%
7.02%
21.77%
11.88%
0.46%
36.4%
18.0%
11.9%
15.2%
1.17
0.86
30.03%
104.26%
8.92
5.88
j-12
j-12
a-12
LTM
12/yy
9'616.0
5.65x
1'774.0
7.63x
1'332.0
94.34x
s-12
12/yy
10'054.0
6.15x
1'809.0
10.29x
1'530.0
10.93x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.09
503.05
1.77
26.14%
6.61%
1.086
10
4.000
779'249
894'302
930'432
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
10'392.6
10'919.7
2'384.8
2'440.7
1.91x
1.88x
1'973.4
2'077.6
437.7
481.2
9.75x
9.26x
9.71x
9.51x
588.0
657.1
110.5
138.8
18.20x
15.21x
18.32x
17.63x
S&P Issuer Ratings
29.09.2011
BB
STABLE
4.19
3.40
1.88
4.36
104.3%
39.5%
0.46
8.49
41.04
62.29
37.50
65.83
Sales/Revenue/Turnover
12.00
12'000.0
10.00
10'000.0
8.00
8'000.0
6.00
6'000.0
4.00
4'000.0
2.00
2'000.0
0.00
01.01.2010
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
15
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
DODGE & COX
BROWN BROTHERS HARRI
MACQUARIE GROUP
FMR LLC
BLACKROCK
HARRIS ASSOCIATES LP
CLEARBRIDGE INVESTME
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
STATE STREET
DAVIS SELECTED ADVIS
MERITAGE GROUP LP
GOLDMAN SACHS GROUP
PRINCIPAL FINANCIAL
WELLINGTON MANAGEMEN
UNITED STATES STEEL
SAC CAPITAL ADVISORS
HORIZON KINETICS
FPR PARTNERS LLC
INVESCO LTD
Firm Name
Lazard Capital Markets
Wunderlich Securities
EVA Dimensions
Morgan Stanley
Stifel
Wells Fargo Securities, LLC
Telsey Advisory Group
Topeka Capital Markets Inc
Wedge Partners
Portfolio Name
DODGE & COX
BROWN BROTHERS HARRI
n/a
n/a
n/a
HARRIS ASSOC LP
CLEARBRIDGE INVESTME
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
n/a
DAVIS SELECTED ADVIS
MERITAGE GROUP LP
GOLDMAN SACHS GROUP
n/a
WELLINGTON MANAGEMEN
UNITED STATES STEEL
SAC CAPITAL ADVISORS
n/a
FPR PARTNERS LLC
n/a
Analyst
BARTON CROCKETT
MATTHEW HARRIGAN
CRAIG STERLING
DAVID GOBER
BENJAMIN MOGIL
MATTHEW NEMER
THOMAS FORTE
VICTOR ANTHONY
MARTIN PYYKKONEN
Source
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
ULT-AGG
Recommendation
buy
buy
hold
Equalwt/In-Line
buy
market perform
no rating system
buy
no rating system
Amt Held
27'022'608
24'681'853
24'537'419
23'246'941
20'876'418
20'674'770
14'068'260
13'308'654
12'733'184
10'859'272
10'769'953
10'164'241
9'677'945
7'729'748
7'624'453
6'752'704
6'286'911
6'114'848
5'979'990
5'766'417
% Out
5.27
4.81
4.79
4.53
4.07
4.03
2.74
2.6
2.48
2.12
2.1
1.98
1.89
1.51
1.49
1.32
1.23
1.19
1.17
1.12
Weighting
Change
5
5
3
3
5
3
#N/A N/A
5
#N/A N/A
M
M
U
M
M
M
M
M
M
Latest Chg
(2'943'360)
386'568
4'061'744
17'945'695
883'917
935'289
(655'318)
(6'421'809)
(365'600)
128'217
(626'635)
2'540'365
1'433'223
1'786'271
2'889'408
4'950'027
1'036'740
320'700
(586'668)
Target Price
24
28
#N/A N/A
#N/A N/A
23
#N/A N/A
25
27
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Pension Fund (ERISA)
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
12 month
18 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Date
10.04.2013
09.04.2013
01.04.2013
05.03.2013
05.03.2013
28.02.2013
28.02.2013
28.02.2013
07.11.2012
30.04.2013
Price/Volume
8.0 M
60
7.0 M
12/2012
12/yy
73.85
39.73
231'018.00
73.68
-0.23%
85.45%
99.50%
170.4
12'554.11
2'414.07
0.0
0.8
261.27
14'707.69
5.0 M
4.0 M
30
3.0 M
20
2.0 M
10
1.0 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
LTM-4Q
31.12.2011
3'775.7
2.34x
1'160.6
7.61x
378.5
16.84x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
3'798.5
2.78x
1'166.9
9.04x
430.9
18.03x
1'166.86
737.97
19.43%
14.00%
4.83%
9.31%
7.36%
0.43%
56.2%
30.7%
19.4%
11.3%
1.36
0.80
27.95%
51.89%
5.69
4.26
12/yy
3'775.7
10.90x
1'216.4
7.26x
412.8
15.50x
LTM
12/yy
3'798.5
11.06x
1'166.9
9.04x
430.9
18.16x
FY+1
0.00
1.11
169.25
2.61
58.93%
50.12%
1.111
22
3.273
650'040
1'034'105
788'427
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
3'923.2
4'062.5
958.8
979.6
3.71x
3.48x
15.25x
14.89x
1'402.3
1'452.5
316.0
320.4
10.49x
10.13x
11.35x
11.19x
760.4
819.8
184.7
187.9
16.89x
15.51x
16.89x
16.56x
S&P Issuer Ratings
15.04.2013
BBB *9.42
8.47
1.84
2.07
51.9%
34.2%
0.43
4.53
64.28
85.93
39.53
110.68
Sales/Revenue/Turnover
16.00
4'000.0
14.00
3'500.0
12.00
3'000.0
10.00
2'500.0
8.00
2'000.0
6.00
1'500.0
4.00
1'000.0
2.00
500.0
0.00
01.01.2010
6.0 M
40
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
9.0 M
70
50
Valuation Analysis
31.12.2008
1'620.3
4.67x
431.5
17.52x
5.7
8.18x
80
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
PRIMECAP MANAGEMENT
PAULSON & CO
GLENVIEW CAPITAL MAN
BLACKROCK
VANGUARD GROUP INC
STATE STREET
BAILLIE GIFFORD AND
TCW GROUP INC
GLOBAL THEMATIC PART
INVESCO LTD
SOUND SHORE MANAGEME
BANK OF NEW YORK MEL
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
T ROWE PRICE ASSOCIA
DEUTSCHE BANK AG
LORD ABBETT & CO LLC
SECTORAL ASSET MANAG
ORBIMED ADVISORS LLC
ARIEL INVESTMENTS LL
Firm Name
Leerink Swann & Co
Maxim Group LLC
Mizuho Securities USA Inc
Morgan Stanley
Edward Jones
Robert W. Baird & Co
William Blair & Co
Macquarie
Cantor Fitzgerald
Goldman Sachs
Credit Suisse
JPMorgan
Oppenheimer & Co
S&P Capital IQ
Piper Jaffray
Barclays
Wallachbeth Capital LLC
Cowen and Company
ISI Group
EVA Dimensions
First Analysis Corp
Credit Agricole Securities (USA)
Jefferies
Portfolio Name
PRIMECAP MANAGEMENT
PAULSON & CO
GLENVIEW CAPITAL MAN
n/a
VANGUARD GROUP INC
n/a
BAILLIE GIFFORD & CO
TCW GROUP INCORPORAT
GLOBAL THEMATIC PART
n/a
SOUND SHORE MANAGEME
BANK OF NEW YORK MEL
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
T ROWE PRICE ASSOCIA
DEUTSCHE BANK AKTIEN
LORD ABBETT & CO LLC
SECTORAL ASSET MANAG
ORBIMED ADVISORS LLC
ARIEL INVESTMENTS LL
Analyst
DANIEL L LEONARD
BRYAN BROKMEIER
PETER R LAWSON
DANIEL BRENNAN
MATTHEW D COLLINS
JEFF T ELLIOTT
AMANDA MURPHY
JONATHAN P GROBERG
SUNG JI NAM
ISAAC RO
VAMIL DIVAN
TYCHO W PETERSON
DAVID FERREIRO
JEFFREY LOO
WILLIAM R QUIRK
CHARLES ANTHONY BUTLER
DIFEI YANG
DOUG SCHENKEL
ROSS MUKEN
ANDREW S ZAMFOTIS
GREG CHODACZEK
PAUL R KNIGHT
JON WOOD
Source
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
market perform
hold
neutral
Equalwt/In-Line
hold
outperform
market perform
neutral
hold
neutral/neutral
neutral
restricted
not rated
hold
neutral
suspended coverage
hold
neutral
neutral
hold
equalweight
outperform
buy
Amt Held
14'793'545
14'000'000
11'195'648
10'978'751
10'685'089
9'994'993
4'404'100
3'834'794
3'630'809
2'909'700
2'590'100
2'461'153
2'380'152
2'285'527
2'178'356
2'131'565
2'028'205
1'956'408
1'904'500
1'878'931
% Out
8.68
8.22
6.57
6.44
6.27
5.87
2.58
2.25
2.13
1.71
1.52
1.44
1.4
1.34
1.28
1.25
1.19
1.15
1.12
1.1
Weighting
Change
3
3
3
3
3
5
3
3
3
3
3
#N/A N/A
#N/A N/A
3
3
#N/A N/A
3
3
3
3
3
5
5
M
M
M
M
M
M
M
D
M
U
D
M
M
M
M
M
D
M
M
U
M
D
M
Latest Chg
(35'709)
486'200
(248'867)
528'549
245'474
372'631
(474'879)
66'865
(537'311)
(102'116)
177'223
(790'013)
7'934
(109'790)
(135'972)
562'723
(50'585)
(25'800)
390'771
Target Price
#N/A N/A
#N/A N/A
76
#N/A N/A
#N/A N/A
76
#N/A N/A
76
76
74
76
#N/A N/A
#N/A N/A
76
76
#N/A N/A
76
#N/A N/A
65
#N/A N/A
45
74
58
File Dt
31.12.2012
31.12.2012
31.12.2012
23.04.2013
31.03.2013
24.04.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Inst Type
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Date
23.04.2013
19.04.2013
18.04.2013
17.04.2013
16.04.2013
16.04.2013
16.04.2013
16.04.2013
16.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
12.04.2013
09.04.2013
11.03.2013
05.02.2013
05.02.2013
18.01.2013
30.04.2013
Price/Volume
45
6.0 M
40
5.0 M
35
30
4.0 M
25
06/2012
03/yy
38.80
28.28
533'994.00
35.79
-7.76%
26.56%
71.39%
232.6
8'323.51
805.60
0.0
0.0
1'203.06
7'690.27
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
15
30.06.2009
30.06.2010
968.5
1'170.0
5.82x
5.72x
464.0
608.9
12.15x
10.98x
289.2
361.3
18.95x
17.97x
Profitability
1.0 M
5
0
a-12
.0 M
m-12
LTM-4Q
30.06.2011
1'484.0
5.04x
817.4
9.14x
580.8
13.31x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
1'266.6
5.38x
638.0
10.67x
398.1
18.33x
637.97
582.04
45.95%
42.31%
21.08%
50.08%
26.88%
0.66%
75.3%
49.6%
44.9%
31.4%
8.83
7.95
43.52%
109.38%
8.92
3.88
04/yy
1'295.2
21.32x
668.2
11.11x
453.0
17.18x
j-12
j-12
a-12
s-12
LTM
03/yy
1'285.0
22.78x
482.1
0.00x
408.3
22.25x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
2.82
1.14
229.87
5.51
12.91%
4.34%
1.143
26
3.385
740'395
1'003'240
952'006
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
06/13 Q4 09/13 Q1
1'279.6
1'397.7
323.0
334.2
5.97x
5.31x
23.79x
22.88x
625.3
707.9
157.4
166.8
12.30x
10.86x
11.36x
10.75x
436.9
490.8
108.8
113.6
19.62x
17.79x
18.21x
17.22x
S&P Issuer Ratings
13.43
12.67
-0.76
1.28
109.4%
52.2%
0.66
4.12
40.81
93.93
12.40
121.69
Sales/Revenue/Turnover
20.00
1'600.0
18.00
1'400.0
16.00
1'200.0
14.00
1'000.0
12.00
10.00
800.0
8.00
600.0
6.00
400.0
4.00
200.0
2.00
0.00
03.07.2009
2.0 M
10
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
3.0 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (07.03.2013)
52-Week Low (01.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
LLTC UW EQUITY YTD Change
LLTC UW EQUITY YTD % CHANGE
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
STATE STREET
STATE FARM MUTUAL AU
VANGUARD GROUP INC
BLACKROCK
FIRST EAGLE INVESTME
RENAISSANCE TECHNOLO
BANK OF AMERICA CORP
AMERICAN CENTURY COM
INVESCO LTD
WELLINGTON MANAGEMEN
JP MORGAN
NEUBERGER BERMAN LLC
NORTHERN TRUST CORPO
GOLDMAN SACHS GROUP
BANK OF NEW YORK MEL
FMR LLC
SUN LIFE FINANCIAL I
MARATHON ASSET MANAG
NORGES BANK
Firm Name
BMO Capital Markets
Wells Fargo Securities, LLC
MKM Partners
JPMorgan
Jefferies
Macquarie
Nomura
Drexel Hamilton LLC
Deutsche Bank
Morgan Stanley
Credit Suisse
SunTrust Robinson Humphrey
Pacific Crest Securities
Raymond James
B Riley & Company, Inc
Stifel
Oppenheimer & Co
ISI Group
Susquehanna Financial Group
Piper Jaffray
S&P Capital IQ
Goldman Sachs
EVA Dimensions
Portfolio Name
n/a
n/a
STATE FARM MUTUAL AU
VANGUARD GROUP INC
n/a
FIRST EAGLE INVESTME
RENAISSANCE TECHNOLO
BANK OF AMERICA
AMERICAN CENTURY COM
n/a
WELLINGTON MANAGEMEN
n/a
NEUBERGER BERMAN GRO
NORTHERN TRUST CORPO
GOLDMAN SACHS GROUP
BANK OF NEW YORK MEL
n/a
n/a
MARATHON ASSET MANAG
NORGES BANK
Analyst
AMBRISH SRIVASTAVA
DAVID M WONG
DANIEL A BERENBAUM
CHRISTOPHER DANELY
MARK J LIPACIS
SHAWN WEBSTER
ROMIT SHAH
RICHARD WHITTINGTON
ROSS C SEYMORE
JOSEPH MOORE
JOHN W PITZER
WILLIAM STEIN
MICHAEL MCCONNELL
J STEVEN SMIGIE
CRAIG ELLIS
TORE E SVANBERG
RICHARD SCHAFER
SUMIT DHANDA
CHRISTOPHER CASO
AUGUSTE P RICHARD
CHRISTIN ARMACOST
JAMES V COVELLO
ANDREW S ZAMFOTIS
Source
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
Recommendation
market perform
outperform
neutral
underweight
hold
outperform
neutral
buy
hold
Equalwt/In-Line
outperform
neutral
underperform
underperform
neutral
hold
outperform
strong buy
neutral
overweight
sell
neutral/attractive
overweight
Amt Held
28'051'250
17'515'577
17'490'900
16'144'996
12'987'327
12'265'876
8'233'100
6'644'258
6'068'200
5'525'424
3'969'889
3'942'217
3'376'310
3'328'502
2'826'455
2'763'712
2'714'529
2'524'385
2'107'525
1'861'718
% Out
12.06
7.53
7.52
6.94
5.58
5.27
3.54
2.86
2.61
2.38
1.71
1.7
1.45
1.43
1.22
1.19
1.17
1.09
0.91
0.8
Weighting
Change
3
5
3
1
3
5
3
5
3
3
5
3
1
1
3
3
5
5
3
5
1
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(2'505'250)
142'031
865'256
(162'303)
(2'191'306)
652'100
6'017'757
(722'453)
373'526
(3'419'188)
468'426
(62'075)
83'206
(97'291)
(69'346)
1'073'440
411'660
2'107'525
251'633
Target Price
35
#N/A N/A
33
25
38
39
30
45
32
#N/A N/A
40
33
#N/A N/A
#N/A N/A
34
#N/A N/A
43
41
35
39
33
35
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Insurance Company
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013 Hedge Fund Manager
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Government
Date
Not Provided
Not Provided
12 month
6 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Date
22.04.2013
22.04.2013
19.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
27.02.2013
16.01.2013
15.01.2013
30.04.2013
Mattel Inc
Mattel, Inc. designs, manufactures, and markets a broad variety of children's
toy products on a worldwide basis. The Company sells its products to retailers
and directly to consumers. Mattel's products include branded fashion dolls,
infant and preschool products, toy cars, and electrical vehicles, among others.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (17.04.2013)
52-Week Low (04.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 16.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
MAT UW EQUITY YTD Change
MAT UW EQUITY YTD % CHANGE
12/2012
03/yy
45.37
30.15
451'621.00
44.81
-1.23%
48.62%
96.32%
345.4
15'477.28
1'509.84
0.0
0.0
1'335.71
15'872.77
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
5'430.8
5'856.2
1.26x
1.50x
901.0
1'067.7
7.62x
8.24x
528.7
684.9
14.58x
14.05x
Profitability
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.12.2011
6'266.0
1.52x
1'202.4
7.94x
768.5
12.73x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
6'420.9
1.98x
1'195.3
10.63x
776.5
14.83x
1'195.30
1'021.02
15.90%
14.72%
13.75%
28.25%
19.78%
1.10%
53.1%
19.1%
16.3%
12.1%
2.07
1.49
23.13%
49.23%
8.69
5.01
03/yy
6'242.7
6.65x
1'195.3
10.23x
759.8
15.16x
LTM
03/yy
6'488.0
8.33x
1'238.2
12.52x
807.2
17.16x
FY+1
2.88
0.83
344.12
4.65
38.23%
23.45%
0.830
14
4.143
640'542
755'394
816'993
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
6'850.1
7'144.5
1'217.0
2'210.1
2.28x
2.17x
1'505.0
1'607.7
199.7
585.0
10.55x
9.87x
979.0
1'060.2
110.2
404.6
15.86x
14.44x
15.73x
15.37x
S&P Issuer Ratings
04.04.2011
BBB+
STABLE
23.04.2010
A-2
13.46
10.99
0.32
1.34
49.2%
33.0%
1.10
11.38
42.00
72.92
32.05
84.25
Sales/Revenue/Turnover
18.00
7'000.0
16.00
6'000.0
14.00
5'000.0
12.00
10.00
4'000.0
8.00
3'000.0
6.00
2'000.0
4.00
1'000.0
2.00
0.00
01.01.2010
5.0 M
4.5 M
4.0 M
3.5 M
3.0 M
2.5 M
2.0 M
1.5 M
1.0 M
.5 M
.0 M
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
50
45
40
35
30
25
20
15
10
5
0
a-12
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Mattel Inc
Holdings By:
All
Holder Name
BLACKROCK
CAPITAL GROUP COMPAN
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
STATE STREET
JANUS CAPITAL MANAGE
T ROWE PRICE ASSOCIA
PRIMECAP MANAGEMENT
ALLIANZ ASSET MANAGE
ARTISAN PARTNERS HOL
BANK OF NEW YORK MEL
CORNERSTONE INVESTME
NORTHERN TRUST CORPO
M&G INVESTMENT MANAG
INVESCO LTD
AMERIPRISE FINANCIAL
EDGE ASSET MANAGEMEN
MANAGED ACCOUNT ADVI
EPOCH INVESTMENT PAR
NORGES BANK
Firm Name
B Riley & Company, Inc
MKM Partners
BMO Capital Markets
Needham & Co
Stifel
Barclays
SunTrust Robinson Humphrey
KeyBanc Capital Markets
Wells Fargo Securities, LLC
Longbow Research
Goldman Sachs
Monness, Crespi, Hardt & Co
EVA Dimensions
Portfolio Name
n/a
n/a
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
n/a
n/a
T ROWE PRICE ASSOCIA
PRIMECAP MANAGEMENT
n/a
ARTISAN PARTNERS LP
BANK OF NEW YORK MEL
CORNERSTONE INVESTME
NORTHERN TRUST CORPO
M&G INVESTMENT MANAG
n/a
AMERIPRISE FINANCIAL
EDGE ASSET MANAGEMEN
MANAGED ACCOUNT ADVI
EPOCH INVESTMENT PAR
NORGES BANK
Analyst
LINDA BOLTON WEISER
ERIC O HANDLER
GERRICK L JOHNSON
SEAN P MCGOWAN
DREW E CRUM
FELICIA R KANTOR HENDRIX
MICHAEL A SWARTZ
SCOTT W HAMANN
TIMOTHY A CONDER
JAMES L HARDIMAN
MICHAEL KELTER
JIM CHARTIER
CRAIG STERLING
Source
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
Recommendation
buy
buy
outperform
buy
hold
equalweight
buy
hold
outperform
buy
neutral/cautious
neutral
hold
Amt Held
27'854'667
25'530'900
21'552'139
21'237'504
18'017'954
16'419'806
15'622'302
9'035'305
7'769'726
6'818'003
5'973'999
5'864'994
5'845'037
4'744'712
3'802'167
3'728'848
3'194'203
3'103'095
2'953'635
2'838'342
% Out
8.06
7.39
6.24
6.15
5.22
4.75
4.52
2.62
2.25
1.97
1.73
1.7
1.69
1.37
1.1
1.08
0.92
0.9
0.86
0.82
Weighting
Change
5
5
5
5
3
3
5
3
5
5
3
3
3
M
M
M
M
M
M
M
M
M
M
M
M
D
Latest Chg
722'400
(2'842'000)
(1'227'792)
1'304'579
502'987
(1'588'071)
209'910
(28'000)
(412'588)
(153'300)
(449'433)
575'765
52'526
(600)
(352'951)
29'712
(50'725)
(75'421)
182'402
342'408
Target Price
53
50
50
48
#N/A N/A
41
48
#N/A N/A
#N/A N/A
48
42
36
#N/A N/A
File Dt
Inst Type
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Government
Date
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
Date
23.04.2013
22.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
10.04.2013
01.04.2013
11.03.2013
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (14.03.2013)
52-Week Low (17.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
MXIM UW EQUITY YTD Change
MXIM UW EQUITY YTD % CHANGE
06/2012
12/yy
33.66
23.55
843'879.00
30.71
-8.76%
30.40%
70.82%
292.5
8'982.00
309.09
0.0
0.0
956.39
8'216.82
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
3.5 M
30
3.0 M
25
2.5 M
20
2.0 M
15
1.5 M
10
1.0 M
.5 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
35
30.06.2009
30.06.2010
1'646.0
1'997.6
2.44x
2.36x
302.0
467.2
13.31x
10.08x
10.5
125.1
80.60x
32.24x
Profitability
LTM-4Q
30.06.2011
2'472.3
2.59x
879.3
7.30x
489.0
14.97x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
2'403.5
2.85x
782.8
8.76x
386.7
20.19x
782.77
571.68
23.78%
22.16%
11.16%
17.46%
14.62%
0.61%
60.4%
34.1%
25.6%
16.1%
2.25
1.69
8.27%
12.18%
8.18
3.86
12/yy
2'460.6
10.96x
839.7
8.44x
483.4
16.48x
LTM
12/yy
2'404.5
12.26x
800.9
9.66x
369.7
18.54x
FY+1
3.06
1.13
288.87
5.44
7.31%
5.23%
1.130
28
4.179
1'158'638
832'147
906'968
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
06/13 Q4 09/13 Q1
2'463.8
2'664.5
627.5
660.3
3.28x
2.93x
12.76x
12.05x
869.1
979.6
225.4
235.0
9.45x
8.39x
8.73x
8.39x
537.7
627.8
142.6
158.9
16.96x
14.82x
15.36x
14.79x
S&P Issuer Ratings
09.05.2012
BBB+
STABLE
379.25
251.17
-0.92
0.97
12.2%
10.9%
0.61
1.79
44.51
94.41
45.56
91.09
Sales/Revenue/Turnover
16.00
3'000.0
14.00
2'500.0
12.00
2'000.0
10.00
8.00
1'500.0
6.00
1'000.0
4.00
500.0
2.00
0.00
03.07.2009
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
DODGE & COX
BLACKROCK
OPPENHEIMERFUNDS INC
JENNISON ASSOCIATES
INVESCO LTD
STATE STREET
TIAA CREF INVESTMENT
WELLS FARGO
FMR LLC
AMERIPRISE FINANCIAL
PRUDENTIAL FINANCIAL
RENAISSANCE TECHNOLO
ARROWSTREET CAP LIMI
CRAMER ROSENTHAL MCG
NORGES BANK
CITADEL ADVISORS LLC
EDGE ASSET MANAGEMEN
Firm Name
Deutsche Bank
Raymond James
BMO Capital Markets
Wells Fargo Securities, LLC
Needham & Co
B Riley & Company, Inc
ISI Group
MKM Partners
Stifel
Nomura
SunTrust Robinson Humphrey
RBC Capital Markets
Barclays
Susquehanna Financial Group
Pacific Crest Securities
Macquarie
Miller Tabak + Co., LLC
Jefferies
Morgan Stanley
Credit Suisse
S&P Capital IQ
EVA Dimensions
Goldman Sachs
JPMorgan
Oppenheimer & Co
Portfolio Name
n/a
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
DODGE & COX
n/a
OPPENHEIMER FUNDS IN
JENNISON ASSOCIATES
n/a
n/a
TIAA-CREF INVESTMENT
n/a
n/a
AMERIPRISE FINANCIAL
n/a
RENAISSANCE TECHNOLO
ARROWSTREET CAPITAL
CRAMER ROSENTHAL MCG
NORGES BANK
CITADEL ADVISORS LLC
EDGE ASSET MANAGEMEN
Analyst
ROSS C SEYMORE
J STEVEN SMIGIE
AMBRISH SRIVASTAVA
DAVID M WONG
VERNON P ESSI JR
CRAIG ELLIS
SUMIT DHANDA
DANIEL A BERENBAUM
TORE E SVANBERG
ROMIT SHAH
WILLIAM STEIN
DOUG FREEDMAN
BLAYNE CURTIS
CHRISTOPHER CASO
MICHAEL MCCONNELL
SHAWN WEBSTER
BRENDAN FURLONG
MARK J LIPACIS
JOSEPH MOORE
JOHN W PITZER
CHRISTIN ARMACOST
ANDREW S ZAMFOTIS
JAMES V COVELLO
CHRISTOPHER DANELY
RICHARD SCHAFER
Source
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
Recommendation
hold
outperform
market perform
market perform
buy
buy
buy
neutral
buy
buy
buy
outperform
equalweight
Positive
outperform
neutral
buy
buy
Overwt/In-Line
neutral
hold
overweight
neutral/attractive
overweight
outperform
Amt Held
81'612'920
23'693'247
17'892'529
17'278'700
16'562'243
9'109'810
7'632'685
6'738'689
5'981'030
5'830'315
5'015'892
4'222'341
3'734'853
2'840'542
2'666'100
2'598'638
2'426'235
2'414'380
2'156'890
2'042'935
% Out
27.9
8.1
6.12
5.91
5.66
3.11
2.61
2.3
2.04
1.99
1.71
1.44
1.28
0.97
0.91
0.89
0.83
0.83
0.74
0.7
Weighting
Change
3
5
3
3
5
5
5
3
5
5
5
5
3
4
5
3
5
5
5
3
3
5
3
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
Latest Chg
(10'800)
(62'238)
3'999'512
(1'395'900)
3'874'416
23'440
(1'417'942)
(919'402)
90'494
3'523'668
157'620
(4'365'577)
776'016
326'500
(484'200)
1'358'506
(566'875)
269'489
215'797
(3'169)
Target Price
32
38
30
#N/A N/A
37
36
37
35
37
34
36
35
30
37
38
35
36
38
35
31
#N/A N/A
#N/A N/A
30
35
38
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Government
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
Date
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
6 month
12 month
Date
24.04.2013
24.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
16.04.2013
15.04.2013
12.04.2013
11.04.2013
11.04.2013
05.04.2013
01.04.2013
27.03.2013
21.03.2013
18.03.2013
25.01.2013
25.01.2013
25.01.2013
25.01.2013
24.01.2013
24.01.2013
24.01.2013
30.04.2013
Price/Volume
40
30
25
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (14.02.2013)
52-Week Low (16.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
MCHP UW EQUITY YTD Change
MCHP UW EQUITY YTD % CHANGE
03/2012
12/yy
37.63
28.93
395'160.00
35.96
-4.43%
24.30%
80.85%
195.4
7'025.24
355.05
0.0
0.0
1'459.01
6'374.35
31.03.2008
1'035.7
5.66x
428.7
13.66x
297.7
22.89x
15
10
5
0
a-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.03.2009
31.03.2010
903.3
947.7
3.12x
4.58x
335.8
336.3
8.39x
12.92x
245.6
217.0
19.44x
25.14x
Profitability
31.03.2011
1'487.2
4.24x
582.7
10.83x
418.9
18.56x
31.03.2012
1'383.2
4.40x
496.8
12.24x
336.7
22.41x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
496.78
397.35
28.73%
27.45%
4.32%
7.67%
6.87%
0.43%
57.3%
27.2%
16.2%
24.3%
8.13
6.57
11.51%
17.84%
9.12
2.92
12/yy
1'424.3
16.38x
528.1
11.52x
381.6
19.86x
LTM
12/yy
1'490.4
15.21x
405.4
14.10x
148.3
21.30x
FY+1
3.90
1.07
189.47
17.91
6.14%
11.39%
1.069
19
3.684
470'285
548'737
593'409
FY+2
FQ+1
FQ+2
03/13 Y
03/14 Y
03/13 Q4 06/13 Q1
1'601.6
1'848.6
427.1
447.2
3.97x
3.29x
14.77x
13.93x
483.9
579.4
120.5
140.3
13.17x
11.00x
11.37x
10.74x
377.7
451.4
98.2
104.4
19.55x
16.80x
17.59x
16.91x
S&P Issuer Ratings
14.50
12.68
-1.61
2.40
17.8%
15.1%
0.43
2.82
40.12
125.55
23.19
135.16
Sales/Revenue/Turnover
20.00
1'600.0
18.00
1'400.0
16.00
1'200.0
14.00
1'000.0
12.00
10.00
800.0
8.00
600.0
6.00
400.0
4.00
200.0
2.00
0.00
03.04.2009
m-12
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
1.8 M
1.6 M
1.4 M
1.2 M
1.0 M
.8 M
.6 M
.4 M
.2 M
.0 M
35
0.0
03.10.2009
03.04.2010
03.10.2010
03.04.2011
03.10.2011
03.04.2012
03.10.2012
03.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
SUN LIFE FINANCIAL I
VANGUARD GROUP INC
STATE STREET
WELLS FARGO
BLACKROCK
WADDELL & REED FINAN
ALLIANZ ASSET MANAGE
CITADEL ADVISORS LLC
T ROWE PRICE ASSOCIA
AMERIPRISE FINANCIAL
SANGHI STEVE
PRINCIPAL FINANCIAL
BANK OF NEW YORK MEL
EPOCH INVESTMENT PAR
NORTHERN TRUST CORPO
INVESCO LTD
NEUBERGER BERMAN LLC
CRAMER ROSENTHAL MCG
EDGE ASSET MANAGEMEN
MUNDER CAPITAL MANAG
Firm Name
Mizuho Securities USA Inc
ISI Group
Susquehanna Financial Group
Stephens Inc
B Riley & Company, Inc
Pacific Crest Securities
Miller Tabak + Co., LLC
SunTrust Robinson Humphrey
JPMorgan
Jefferies
Needham & Co
Stifel
S&P Capital IQ
Williams Financial Group
Goldman Sachs
Credit Suisse
EVA Dimensions
Nomura
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
WADDELL & REED FINAN
n/a
CITADEL ADVISORS LLC
T ROWE PRICE ASSOCIA
AMERIPRISE FINANCIAL
n/a
n/a
BANK OF NEW YORK MEL
EPOCH INVESTMENT PAR
NORTHERN TRUST CORPO
n/a
NEUBERGER BERMAN GRO
CRAMER ROSENTHAL MCG
EDGE ASSET MANAGEMEN
MUNDER CAPITAL MANAG
Analyst
RUBEN ROY
SUMIT DHANDA
CHRISTOPHER CASO
HARSH KUMAR
CRAIG ELLIS
MICHAEL MCCONNELL
BRENDAN FURLONG
WILLIAM STEIN
CHRISTOPHER DANELY
MARK J LIPACIS
RAJVINDRA S. GILL
KEVIN E CASSIDY
CHRISTIN ARMACOST
CODY G ACREE
JAMES SCHNEIDER
JOHN W PITZER
ANDREW S ZAMFOTIS
ROMIT SHAH
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
Form 4
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
Recommendation
neutral
strong buy
Positive
overweight
neutral
sector perform
hold
neutral
neutral
buy
buy
buy
hold
hold
neutral/attractive
outperform
underweight
not rated
Amt Held
20'646'699
12'014'605
10'673'186
10'459'540
10'215'984
7'958'920
7'183'976
6'603'405
6'486'159
5'719'227
5'203'186
3'918'688
3'467'805
3'440'055
3'410'255
3'241'640
2'375'073
2'237'470
2'230'888
2'216'560
% Out
10.57
6.15
5.46
5.35
5.23
4.07
3.68
3.38
3.32
2.93
2.66
2.01
1.78
1.76
1.75
1.66
1.22
1.15
1.14
1.13
Weighting
Change
3
5
4
5
3
3
3
3
3
5
5
5
3
3
3
5
1
#N/A N/A
M
M
M
M
M
M
M
N
M
M
M
M
M
M
M
M
M
M
Latest Chg
1'366'634
564'942
240'322
2'551'464
(2'753'385)
(1'115'300)
3'191'490
338'710
(551'987)
1'213'773
(68'277)
213'301
94'169
(55'818)
(503'649)
2'237'470
7'909
(122'889)
Target Price
40
42
40
43
38
#N/A N/A
36
38
34
41
40
40
36
#N/A N/A
33
40
#N/A N/A
#N/A N/A
File Dt
Inst Type
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
01.04.2013
n/a
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
6 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Date
15.04.2013
11.04.2013
05.04.2013
04.04.2013
03.04.2013
01.04.2013
21.03.2013
12.03.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
07.02.2013
07.02.2013
16.01.2013
21.02.2012
30.04.2013
Price/Volume
12
25.0 M
10
20.0 M
08/2012
02/yy
10.27
5.16
3'516'723.00
9.35
-8.91%
81.20%
82.08%
1'030.1
9'631.48
3'262.00
0.0
717.0
2'559.00
11'237.48
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10.0 M
5.0 M
2
0
a-12 m-12
31.08.2009
31.08.2010
4'803.0
8'482.0
1.95x
0.95x
1'241.0
3'584.0
7.57x
2.24x
(1'882.0)
1'850.0
4.35x
Profitability
LTM-4Q
31.08.2011
8'788.0
0.79x
2'860.0
2.42x
167.0
52.18x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.08.2012
8'234.0
0.94x
1'523.0
5.06x
(1'032.0)
1'523.00
-618.00
-7.51%
-12.73%
-8.01%
-14.77%
0.57%
11.8%
17.5%
-6.4%
-12.5%
2.57
1.72
22.77%
42.36%
6.52
3.69
j-12
a-12
LTM
03/yy
8'378.0
4.13x
2'135.0
4.76x
(529.0)
0.00x
s-12
02/yy
8'047.0
4.11x
1'409.0
7.19x
(1'124.0)
0.00x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.54
1'018.39
85.42
41.88%
47.24%
1.535
29
4.241
4'951'163
7'422'701
6'749'665
FY+2
FQ+1
FQ+2
08/13 Y
08/14 Y
05/13 Q3 08/13 Q4
8'615.4
10'419.1
2'211.3
2'484.9
1.33x
1.00x
5.37x
4.67x
2'128.5
3'204.5
610.3
740.6
5.28x
3.51x
3.85x
3.67x
(438.8)
787.5
9.5
94.1
11.84x
21.30x
15.33x
S&P Issuer Ratings
30.06.2011
BBNEG
8.51
-0.98
0.62
2.59
42.4%
27.9%
0.57
1.12
55.80
98.70
40.50
85.52
Sales/Revenue/Turnover
9.00
10'000.0
8.00
9'000.0
7.00
8'000.0
7'000.0
6.00
6'000.0
5.00
4.00
5'000.0
4'000.0
3.00
3'000.0
2.00
2'000.0
1.00
1'000.0
0.00
04.09.2009
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
15.0 M
Valuation Analysis
0.0
04.03.2010
04.09.2010
04.03.2011
04.09.2011
04.03.2012
04.09.2012
04.03.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
ORBIS HOLDINGS LIMIT
VANGUARD GROUP INC
STATE STREET
BLACKROCK
FMR LLC
ALLIANCE BERNSTEIN
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
DONALD SMITH & CO IN
DEUTSCHE BANK AG
STANDARD LIFE INVEST
NORTHERN TRUST CORPO
INVESCO LTD
BANK OF NEW YORK MEL
APG ALL PENSIONS GRO
CHILTON INVESTMENT C
JOHO CAPITAL LLC
DIMENSIONAL FUND ADV
RENAISSANCE TECHNOLO
JP MORGAN
Firm Name
Robert W. Baird & Co
Wells Fargo Securities, LLC
Susquehanna Financial Group
Sanford C. Bernstein & Co
MKM Partners
Drexel Hamilton LLC
RBC Capital Markets
Roth Capital Partners
Wedge Partners
Morgan Stanley
Sterne, Agee & Leach
Cross Research
Raymond James
Deutsche Bank
Credit Suisse
JPMorgan
Jefferies
Pacific Crest Securities
Wedbush
Macquarie
Stifel
Nomura
JMP Securities
Lazard Capital Markets
Piper Jaffray
Credit Agricole Securities (USA)
EVA Dimensions
Goldman Sachs
Portfolio Name
ORBIS HOLDINGS LIMIT
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
DONALD SMITH & CO IN
DEUTSCHE BANK AKTIEN
STANDARD LIFE INVEST
NORTHERN TRUST CORPO
n/a
BANK OF NEW YORK MEL
APG ALL PENSIONS GRO
CHILTON INVESTMENT C
JOHO CAPITAL LLC
DIMENSIONAL FUND ADV
RENAISSANCE TECHNOLO
n/a
Analyst
TRISTAN GERRA
DAVID M WONG
MEHDI HOSSEINI
MARK C NEWMAN
DANIEL A BERENBAUM
RICHARD WHITTINGTON
DOUG FREEDMAN
KRISHNA SHANKAR
JUN ZHANG
JOSEPH MOORE
VIJAY R RAKESH
STEVEN B FOX
HANS C MOSESMANN
BOB GUJAVARTY
JOHN W PITZER
HARLAN SUR
SUNDEEP BAJIKAR
MONIKA GARG
BETSY VAN HEES
DEEPON NAG
KEVIN E CASSIDY
SIDNEY HO
ALEX GAUNA
DANIEL L AMIR
JAGADISH IYER
RYAN GOODMAN
ANDREW S ZAMFOTIS
JAMES SCHNEIDER
Source
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
Recommendation
outperform
outperform
negative
outperform
buy
buy
outperform
buy
no rating system
Equalwt/In-Line
buy
buy
strong buy
hold
outperform
neutral
buy
sector perform
outperform
neutral
buy
neutral
market outperform
neutral
overweight
outperform
sell
not rated
Amt Held
125'476'301
63'579'655
53'234'279
51'781'796
33'498'492
32'142'029
31'718'427
28'790'003
24'163'605
17'129'392
14'761'433
12'962'251
12'268'665
10'837'724
9'826'192
9'115'178
8'536'697
8'524'323
8'349'036
8'278'733
% Out
12.18
6.17
5.17
5.03
3.25
3.12
3.08
2.79
2.35
1.66
1.43
1.26
1.19
1.05
0.95
0.88
0.83
0.83
0.81
0.8
Weighting
Change
5
5
2
5
5
5
5
5
#N/A N/A
3
5
5
5
3
5
3
5
3
5
3
5
3
4
3
5
5
1
#N/A N/A
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
4'582'077
3'029'066
949'756
1'281'057
(11'146'706)
(10'076'674)
(15'600)
8'389'121
994'097
3'279'608
(3'097'582)
151'756
(1'134'154)
622'910
62'800
(1'163'914)
8'536'697
(31'653)
7'171'600
4'191'821
Target Price
12
#N/A N/A
7
13
11
15
12
12
#N/A N/A
#N/A N/A
12
12
12
9
14
11
15
#N/A N/A
11
10
14
9
10
#N/A N/A
12
11
#N/A N/A
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
Date
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
Not Provided
6 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Date
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
18.04.2013
17.04.2013
17.04.2013
15.04.2013
10.04.2013
08.04.2013
03.04.2013
01.04.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
15.01.2013
10.05.2012
30.04.2013
Microsoft Corp
Microsoft Corporation develops, manufactures, licenses, sells, and supports
software products. The Company offers operating system software, server
application software, business and consumer applications software, software
development tools, and Internet and intranet software. Microsoft also develops
video game consoles and digital music entertainment devices.
Price/Volume
35
50.0 M
45.0 M
40.0 M
35.0 M
30.0 M
25.0 M
20.0 M
15.0 M
10.0 M
5.0 M
.0 M
30
25
20
Valuation Analysis
15
06/2012
03/yy
32.84
26.26
15'330'857.00
32.61
-0.69%
24.18%
96.58%
8'351.1
272'329.59
11'944.00
0.0
0.0
63'040.00
212'041.59
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
5
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
10
30.06.2009
30.06.2010
58'437.0
62'484.0
3.18x
2.70x
23'255.0
26'830.0
8.00x
6.28x
14'569.0
18'760.0
13.66x
10.96x
Profitability
LTM-4Q
30.06.2011
69'943.0
2.53x
29'927.0
5.91x
23'150.0
9.85x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
73'723.0
2.78x
30'923.0
6.64x
16'978.0
11.21x
30'923.00
27'956.00
37.92%
30.20%
13.01%
22.57%
19.50%
0.60%
76.2%
40.3%
35.6%
23.0%
2.60
2.41
9.85%
18.00%
6.62
10.61
LTM
03/yy
73'031.0
10.16x
30'601.0
7.30x
23'344.0
11.73x
03/yy
76'012.0
9.86x
30'645.0
5.83x
16'406.0
10.67x
FY+1
2.73
0.91
7'609.29
118.71
4.93%
23.00%
0.908
43
4.000
19'337'486
15'078'544
12'949'491
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
06/13 Q4 09/13 Q1
78'899.8
84'767.9
20'718.3
18'948.3
2.57x
2.19x
10.07x
10.73x
32'214.4
35'428.6
8'700.8
8'027.3
6.58x
5.99x
6.08x
5.97x
23'299.5
25'631.3
6'259.3
5'674.4
11.76x
10.58x
10.76x
10.53x
S&P Issuer Ratings
22.09.2008
AAA
STABLE
09.03.2011
NR
81.38
75.31
-1.97
0.46
18.0%
15.3%
0.60
8.72
55.11
34.39
77.76
13.98
Sales/Revenue/Turnover
14.00
80'000.0
12.00
70'000.0
60'000.0
10.00
50'000.0
8.00
40'000.0
6.00
30'000.0
4.00
20'000.0
2.00
10'000.0
0.00
03.07.2009
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Microsoft Corp
Holdings By:
All
Holder Name
BLACKROCK
STATE STREET
GATES III WILLIAM HE
VANGUARD GROUP INC
BALLMER STEVEN ANTHO
CAPITAL GROUP COMPAN
INVESCO LTD
BANK OF NEW YORK MEL
FMR LLC
JP MORGAN
NORTHERN TRUST CORPO
WELLINGTON MANAGEMEN
MORGAN STANLEY
FRANKLIN RESOURCES
T ROWE PRICE ASSOCIA
DODGE & COX
NORGES BANK
PRIMECAP MANAGEMENT
BANK OF AMERICA CORP
DEUTSCHE BANK AG
Firm Name
Stifel
Argus Research Corp
Janney Montgomery Scott LLC
Independent Research GmbH
Wells Fargo Securities, LLC
Atlantic Equities LLP
BMO Capital Markets
Deutsche Bank
Morgan Stanley
RBC Capital Markets
Credit Suisse
Edward Jones
Hilliard Lyons
JPMorgan
Pacific Crest Securities
Sanford C. Bernstein & Co
Raymond James
FBR Capital Markets
Oppenheimer & Co
Griffin Securities
Nomura
Cowen and Company
Cross Research
MKM Partners
Credit Agricole Securities (USA)
Barclays
Jefferies
Evercore Partners
Jyske Bank
Tigress Financial Partners
Goldman Sachs
BGC Partners
Daiwa Securities Co. Ltd.
S&P Capital IQ
EVA Dimensions
Hamburger Sparkasse
McAdams Wright Ragen Inc
Crowell, Weedon & Co
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
BANK OF NEW YORK MEL
n/a
n/a
NORTHERN TRUST CORPO
WELLINGTON MANAGEMEN
n/a
n/a
T ROWE PRICE ASSOCIA
DODGE & COX
NORGES BANK
PRIMECAP MANAGEMENT
BANK OF AMERICA
DEUTSCHE BANK AKTIEN
Analyst
BRAD REBACK
JOSEPH F BONNER
YUN KIM
MARKUS FRIEBEL
JASON MAYNARD
CHRISTOPHER HICKEY
KARL KEIRSTEAD
THOMAS ERNST JR
KEITH WEISS
MATTHEW HEDBERG
PHILIP WINSLOW
JOSH OLSON
STEPHEN TURNER
JOHN DIFUCCI
BRENDAN BARNICLE
MARK L MOERDLER
MICHAEL TURITS
DAVID M HILAL
SHAUL EYAL
JAY VLEESCHHOUWER
RICHARD G SHERLUND
GREGG MOSKOWITZ
RICHARD T WILLIAMS
ISRAEL HERNANDEZ
EDWARD MAGUIRE
RAIMO LENSCHOW
ROSS MACMILLAN
STEWART KIRK MATERNE III
ROBERT JAKOBSEN
IVAN FEINSETH
HEATHER BELLINI
COLIN W GILLIS
KAZUYA NISHIMURA
ANGELO ZINO
ANDREW S ZAMFOTIS
MARCO GUENTHER
SID PARAKH
JAMES D RAGAN
Source
ULT-AGG
ULT-AGG
Form 4
13F
PROXY
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
Recommendation
buy
hold
neutral
hold
market perform
overweight
market perform
buy
Overwt/In-Line
sector perform
outperform
buy
neutral
neutral
sector perform
outperform
outperform
market perform
outperform
buy
neutral
outperform
buy
neutral
outperform
equalweight
hold
equalweight
reduce
neutral
Sell/Neutral
hold
outperform
strong buy
buy
buy
buy
buy
Amt Held
442'950'292
428'831'015
421'411'775
354'084'051
333'252'990
331'613'585
153'766'498
149'932'600
120'328'290
113'173'129
105'829'897
102'690'425
84'045'210
75'890'522
73'457'901
68'095'523
66'902'672
63'588'305
62'016'508
58'477'141
% Out
5.3
5.14
5.05
4.24
3.99
3.97
1.84
1.8
1.44
1.36
1.27
1.23
1.01
0.91
0.88
0.82
0.8
0.76
0.74
0.7
Weighting
Change
5
3
3
3
3
5
3
5
5
3
5
5
3
3
3
5
5
3
5
5
3
5
5
3
5
3
3
3
2
3
1
3
5
5
5
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
D
D
M
M
M
M
M
M
Latest Chg
(2'504'131)
8'193'113
(7'000'000)
10'832'225
15'606'940
(12'771'101)
15'559'051
(44'811'714)
(95'552)
330'681
(36'166'932)
1'827'246
3'691'438
(5'832'161)
7'165'720
5'081'777
3'768'764
400'990
6'032'465
Target Price
36
#N/A N/A
28
31
#N/A N/A
35
30
31
36
32
38
#N/A N/A
#N/A N/A
30
#N/A N/A
39
34
30
34
38
32
#N/A N/A
37
27
34
29
31
32
29
#N/A N/A
27
31
31
35
#N/A N/A
#N/A N/A
36
36
File Dt
23.04.2013
24.04.2013
06.02.2013
31.03.2013
14.09.2012
31.03.2013
31.03.2013
31.03.2013
28.02.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
6 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
n/a
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
21.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
18.04.2013
16.04.2013
16.04.2013
11.04.2013
10.04.2013
01.03.2013
25.01.2013
15.01.2013
27.11.2012
23.07.2012
20.07.2012
30.04.2013
Price/Volume
35
30.0 M
30
25.0 M
25
20.0 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (24.04.2013)
52-Week Low (28.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
MDLZ UW EQUITY YTD Change
MDLZ UW EQUITY YTD % CHANGE
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10.0 M
10
5.0 M
5
0
j-12
.0 M
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13
m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
15.0 M
15
12/2012
12/yy
32.09
24.27
1'882'032.00
31.62
-1.46%
30.26%
93.99%
1'778.3
56'229.45
19'425.00
0.0
140.0
4'475.00
71'319.45
31.12.2009
31.12.2010
38'754.0
49'207.0
1.47x
1.65x
6'056.0
7'130.0
9.44x
11.42x
3'021.0
4'114.0
14.61x
15.60x
Profitability
LTM-4Q
31.12.2011
35'810.0
2.54x
4'978.0
18.30x
3'527.0
38.92x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
35'015.0
1.72x
5'028.0
12.00x
3'028.0
18.31x
5'028.00
3'683.00
10.52%
5.07%
3.58%
8.98%
7.71%
0.58%
37.3%
15.8%
13.1%
8.6%
1.05
0.71
25.74%
60.30%
7.81
6.56
LTM
12/yy
49'356.0
7.42x
7'451.0
12.23x
3'527.0
18.68x
12/yy
48'783.0
7.67x
7'727.0
7.81x
3'028.0
11.36x
FY+1
3.16
1'772.66
11.67
24.68%
25
4.120
2'784'732
3'235'180
3'342'140
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
36'454.2
38'477.9
8'660.5
8'795.1
1.98x
1.84x
8.09x
7.86x
5'902.1
6'344.9
1'366.2
1'462.9
12.08x
11.24x
12.14x
11.84x
2'788.3
3'144.3
598.6
684.7
20.24x
18.00x
20.24x
19.55x
S&P Issuer Ratings
02.02.2010
BBB
STABLE
09.11.2007
A-2
4.00
2.72
1.93
2.51
60.3%
37.5%
0.58
4.10
46.85
55.81
64.13
50.93
Sales/Revenue/Turnover
16.00
60'000.0
14.00
50'000.0
12.00
40'000.0
10.00
8.00
30'000.0
6.00
20'000.0
4.00
10'000.0
2.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
STATE STREET
BLACKROCK
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
INVESCO LTD
JP MORGAN
BANK OF NEW YORK MEL
SOUTHEASTERN ASSET M
FMR LLC
MORGAN STANLEY
SCOUT CAPITAL MANAGE
JENNISON ASSOCIATES
NORTHERN TRUST CORPO
TRIAN FUND MANAGEMEN
FRANKLIN RESOURCES
EAGLE CAPITAL MANAGE
MONTAG & CALDWELL IN
INDEPENDENT FRANCHIS
NORGES BANK
DIMENSIONAL FUND ADV
Firm Name
BMO Capital Markets
Stifel
Morgan Stanley
JPMorgan
Sanford C. Bernstein & Co
Deutsche Bank
S&P Capital IQ
Credit Suisse
Barclays
Janney Montgomery Scott LLC
Goldman Sachs
Wells Fargo Securities, LLC
Canaccord Genuity Corp
Jefferies
EVA Dimensions
Edward Jones
RBC Capital Markets
Argus Research Corp
Davenport & Co
CL King & Associates
Gabelli & Co
Credit Agricole Securities (USA)
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
BANK OF NEW YORK MEL
SOUTHEASTERN ASSET M
n/a
n/a
SCOUT CAPITAL MANAGE
JENNISON ASSOCIATES
NORTHERN TRUST CORPO
TRIAN FUND MANAGEMEN
n/a
EAGLE CAPITAL MANAGE
MONTAG & CALDWELL IN
INDEPENDENT FRANCHIS
NORGES BANK
DIMENSIONAL FUND ADV
Analyst
KENNETH B ZASLOW
CHRISTOPHER R GROWE
MATTHEW GRAINGER
KENNETH GOLDMAN
ALEXIA HOWARD
ERIC R KATZMAN
THOMAS GRAVES
ROBERT MOSKOW
ANDREW LAZAR
JONATHAN P FEENEY
JASON ENGLISH
JOHN J BAUMGARTNER
ALICIA FORRY
THILO WREDE
AUSTIN BURKETT
BRIAN YARBROUGH
EDWARD AARON
JOHN D STASZAK
ANN H GURKIN
ERIC J LARSON
SARAH DONNELLY
DIANE GEISSLER
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
Recommendation
market perform
buy
Overwt/In-Line
overweight
outperform
hold
hold
outperform
overweight
neutral
Buy/Neutral
outperform
sell
hold
underweight
buy
outperform
hold
buy
buy
buy
outperform
Amt Held
111'045'099
102'147'087
77'082'355
58'752'824
38'664'443
36'535'564
35'590'525
34'530'900
34'145'937
30'059'495
27'575'000
26'271'862
23'690'658
19'415'193
19'018'669
17'280'074
16'605'595
16'014'507
14'385'236
14'141'353
% Out
6.24
5.74
4.33
3.3
2.17
2.05
2
1.94
1.92
1.69
1.55
1.48
1.33
1.09
1.07
0.97
0.93
0.9
0.81
0.8
Weighting
Change
3
5
5
5
5
3
3
5
5
3
5
5
1
3
1
5
5
3
5
5
5
5
M
M
M
M
M
M
D
M
M
M
M
N
M
M
D
M
M
M
M
M
M
M
Latest Chg
(2'005'032)
769'143
(32'266'184)
1'351'496
7'699'176
(1'071'293)
34'530'900
(4'781'275)
5'232'244
19'075'000
15'142'594
7'047'320
11'283'406
(3'638'274)
6'654'613
1'537'174
5'115'058
1'397'568
253'282
Target Price
29
31
32
38
36
29
31
33
31
26
34
#N/A N/A
26
29
#N/A N/A
#N/A N/A
31
#N/A N/A
32
31
#N/A N/A
30
File Dt
Inst Type
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Government
31.12.2012
Investment Advisor
Date
Not Provided
12 month
12 month
6 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Date
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
17.04.2013
17.04.2013
16.04.2013
10.04.2013
10.04.2013
04.04.2013
28.03.2013
23.03.2013
21.03.2013
11.03.2013
07.03.2013
27.02.2013
19.02.2013
14.02.2013
13.02.2013
30.04.2013
Price/Volume
90
20.0 M
18.0 M
16.0 M
14.0 M
12.0 M
10.0 M
8.0 M
6.0 M
4.0 M
2.0 M
.0 M
80
70
60
50
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (30.04.2012)
52-Week Low (08.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 25.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
MNST UW EQUITY YTD Change
MNST UW EQUITY YTD % CHANGE
12/2012
12/yy
83.96
40.00
361'061.00
56.5
-32.71%
41.25%
37.53%
165.5
9'353.34
0.00
0.0
0.0
319.56
9'033.79
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
20
10
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
30
31.12.2009
31.12.2010
1'143.3
1'303.9
2.66x
6.68x
343.2
359.6
8.85x
24.21x
208.7
212.0
17.17x
22.88x
Profitability
LTM-4Q
31.12.2011
1'703.2
4.26x
473.5
15.33x
286.2
30.01x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'060.7
4.10x
571.2
14.78x
340.0
28.41x
571.19
550.62
26.72%
26.65%
28.27%
41.89%
1.71%
51.7%
27.7%
26.7%
16.5%
2.89
1.93
0.00%
0.00%
9.08
5.55
12/yy
1'703.2
14.91x
473.5
15.33x
286.2
29.96x
LTM
12/yy
2'060.7
13.22x
571.2
14.78x
340.0
28.44x
FY+1
0.00
0.73
141.59
6.16
-13.02%
6.85%
0.727
12
3.667
528'317
578'971
614'408
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
2'323.1
2'611.5
501.7
658.9
3.76x
3.28x
17.83x
13.50x
654.4
755.5
137.0
199.2
13.81x
11.96x
13.76x
13.38x
388.4
452.3
80.1
119.7
25.27x
21.21x
25.31x
24.40x
S&P Issuer Ratings
-0.56
0.00
0.0%
0.0%
1.71
36.06
40.33
65.97
42.26
64.04
Sales/Revenue/Turnover
45.00
2'500.0
40.00
2'000.0
35.00
30.00
1'500.0
25.00
20.00
1'000.0
15.00
500.0
10.00
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
BRANDON LIMITED PART
T ROWE PRICE ASSOCIA
BLACKROCK
VANGUARD GROUP INC
STATE STREET
MORGAN STANLEY
HILROD HOLDINGS LP
UBS
JANUS CAPITAL MANAGE
GOLDMAN SACHS GROUP
JP MORGAN
WELLS FARGO
TIAA CREF INVESTMENT
INVESCO LTD
BRANDON LIMITED PART
NORTHERN TRUST CORPO
STANDARD LIFE INVEST
RENAISSANCE TECHNOLO
FRANKLIN RESOURCES
Firm Name
EVA Dimensions
Stifel
Longbow Research
SunTrust Robinson Humphrey
Credit Agricole Securities (USA)
JPMorgan
S&P Capital IQ
Goldman Sachs
Gabelli & Co
Canaccord Genuity Corp
Portfolio Name
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
n/a
GOLDMAN SACHS GROUP
n/a
n/a
TIAA-CREF INVESTMENT
n/a
n/a
NORTHERN TRUST CORPO
STANDARD LIFE INVEST
RENAISSANCE TECHNOLO
n/a
Analyst
AUSTIN BURKETT
MARK S ASTRACHAN
ALTON K STUMP
WILLIAM CHAPPELL
CAROLINE S LEVY
JOHN A FAUCHER
ESTHER KWON
JUDY E HONG
DAMIAN WITKOWSKI
SCOTT VAN WINKLE
Source
ULT-AGG
Form 4
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
Form 4
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
Form 4
13F
13F
13F
ULT-AGG
Recommendation
hold
buy
neutral
buy
underperform
neutral
sell
Buy/Neutral
buy
suspended coverage
Amt Held
12'441'554
9'815'648
9'244'888
9'115'763
9'093'904
8'783'623
6'623'132
6'305'140
5'208'842
3'670'736
2'796'061
2'513'470
2'285'311
2'281'420
2'104'940
1'931'856
1'908'187
1'903'166
1'901'900
1'875'918
% Out
7.52
5.93
5.58
5.51
5.49
5.31
4
3.81
3.15
2.22
1.69
1.52
1.38
1.38
1.27
1.17
1.15
1.15
1.15
1.13
Weighting
Change
3
5
3
5
1
3
1
5
5
#N/A N/A
D
M
M
M
M
M
M
M
M
M
Latest Chg
770'514
2'641'030
(546'249)
125'256
(1'378'292)
4'742'430
18'999
(1'583'768)
2'170'108
(2'019'558)
(3'023'864)
112'481
(1'169'502)
38'291
190'364
(1'443'000)
(2'250'646)
Target Price
#N/A N/A
65
#N/A N/A
70
49
52
45
61
#N/A N/A
#N/A N/A
File Dt
Inst Type
28.02.2013
Investment Advisor
15.04.2013
Corporation
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
28.02.2013
Investment Advisor
15.04.2013
Holding Company
28.02.2013
Unclassified
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
15.04.2013
Corporation
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
Date
Not Provided
12 month
Not Provided
12 month
Not Provided
6 month
Not Provided
12 month
Not Provided
Not Provided
Date
15.04.2013
11.04.2013
11.04.2013
09.04.2013
07.03.2013
28.02.2013
15.02.2013
12.12.2012
08.11.2012
13.07.2012
30.04.2013
Mylan Inc/PA
Mylan Inc. is a global generic and specialty pharmaceuticals company. The
Company operates an active pharmaceutical ingredient manufacturer and runs a
specialty business focused on respiratory, allergy, and psychiatric therapies.
Price/Volume
35
4.0 M
30
3.5 M
3.0 M
25
2.5 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (13.03.2013)
52-Week Low (09.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 22.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
MYL UW EQUITY YTD Change
MYL UW EQUITY YTD % CHANGE
12/2012
12/yy
31.21
20.22
1'273'105.00
29.01
-7.05%
43.47%
79.98%
382.7
11'102.42
5'734.23
0.0
15.1
349.97
16'501.79
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
5'092.8
5'450.5
2.05x
2.56x
1'150.2
1'271.4
9.07x
10.99x
232.6
345.1
17.89x
18.06x
Profitability
1.0 M
.5 M
0
a-12
.0 M
m-12
LTM-4Q
31.12.2011
6'129.8
2.29x
1'564.7
8.99x
536.8
14.90x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
6'796.1
2.39x
1'718.5
9.45x
640.9
14.52x
1'718.52
1'171.92
17.24%
11.83%
5.45%
18.76%
9.94%
0.58%
43.8%
26.9%
18.8%
9.4%
1.78
0.87
48.06%
171.65%
4.57
2.57
12/yy
6'129.8
9.25x
1'564.7
8.99x
536.8
15.11x
j-12
j-12
a-12
s-12
LTM
12/yy
6'816.6
8.86x
1'831.4
8.87x
640.9
14.22x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.17
380.45
31.12
33.63%
5.57%
1.166
22
4.136
1'727'217
1'647'645
1'564'163
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
7'186.4
7'728.3
1'691.0
1'768.2
2.17x
1.89x
2'015.5
2'111.5
461.0
494.5
8.19x
7.82x
8.07x
1'120.2
1'234.2
245.2
270.6
10.14x
9.09x
10.12x
9.81x
S&P Issuer Ratings
20.11.2012
BBBSTABLE
5.57
4.58
2.94
3.13
171.6%
63.1%
0.58
5.06
80.02
142.51
69.85
151.56
Sales/Revenue/Turnover
18.00
8'000.0
16.00
7'000.0
14.00
6'000.0
12.00
5'000.0
10.00
4'000.0
8.00
3'000.0
6.00
2'000.0
4.00
1'000.0
2.00
0.00
01.01.2010
1.5 M
10
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
15
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Mylan Inc/PA
Holdings By:
All
Holder Name
BLACKROCK
VANGUARD GROUP INC
PAULSON & CO
STATE STREET
BANK OF AMERICA CORP
GOLDMAN SACHS GROUP
FMR LLC
WELLINGTON MANAGEMEN
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
NORDEA INV MANAGEMEN
JP MORGAN
SECTORAL ASSET MANAG
NORTHERN TRUST CORPO
D E SHAW & COMPANY I
JANUS CAPITAL MANAGE
INVESCO LTD
BNP PARIBAS INV PART
TIAA CREF INVESTMENT
BMO FINANCIAL CORP
Firm Name
Guggenheim Securities LLC
JPMorgan
Canaccord Genuity Corp
Sanford C. Bernstein & Co
Susquehanna Financial Group
Wells Fargo Securities, LLC
Leerink Swann & Co
RBC Capital Markets
Buckingham Research Group
CRT Capital Group
EVA Dimensions
Needham & Co
Argus Research Corp
Morgan Stanley
Credit Agricole Securities (USA)
Goldman Sachs
Cowen and Company
S&P Capital IQ
Barclays
BOE Securities
Portfolio Name
n/a
VANGUARD GROUP INC
PAULSON & CO
n/a
BANK OF AMERICA
GOLDMAN SACHS GROUP
n/a
WELLINGTON MANAGEMEN
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
NORDEA INVESTMENT MA
n/a
SECTORAL ASSET MANAG
NORTHERN TRUST CORPO
D E SHAW & CO
n/a
n/a
n/a
TIAA-CREF INVESTMENT
BMO FINANCIAL CORP
Analyst
LOUISE CHEN
CHRISTOPHER T SCHOTT
RANDALL STANICKY
AARON GAL
ANDREW FINKELSTEIN
MICHAEL K TONG
JASON M GERBERRY
SHIBANI MALHOTRA
DAVID G BUCK
TIMOTHY CHIANG
ANDREW S ZAMFOTIS
ELLIOT WILBUR
JOHN M EADE
DAVID R RISINGER
KIM-LINH LINH VUKHAC
JAMI E RUBIN
KEN CACCIATORE
HERMAN SAFTLAS
DOUGLAS D TSAO
SAMEER TENDULKAR
Source
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
Recommendation
neutral
overweight
hold
market perform
Positive
market perform
outperform
outperform
neutral
buy
buy
strong buy
buy
Equalwt/In-Line
underperform
buy/attractive
neutral
buy
overweight
buy
Amt Held
32'913'067
26'976'618
24'503'400
23'126'084
15'312'083
13'800'890
8'586'290
7'796'903
7'713'324
6'890'447
6'312'665
5'420'324
5'373'559
5'252'682
5'216'268
4'914'411
4'800'604
4'683'078
4'184'968
4'008'561
% Out
8.6
7.05
6.4
6.04
4
3.61
2.24
2.04
2.02
1.8
1.65
1.42
1.4
1.37
1.36
1.28
1.25
1.22
1.09
1.05
Weighting
Change
3
5
3
3
4
3
5
5
3
5
5
5
5
3
1
5
3
5
5
5
M
M
M
M
M
M
M
M
M
M
U
M
M
M
M
M
M
M
M
N
Latest Chg
906'452
251'044
(1'137'294)
(5'726'851)
5'803'486
(2'095'891)
(178'670)
80'728
(340'963)
(5'943'705)
(754'301)
(190'941)
(9'050'961)
(1'800'993)
(456'156)
3'592'653
648'669
3'511'989
Target Price
30
33
32
33
33
#N/A N/A
#N/A N/A
31
30
34
#N/A N/A
33
32
#N/A N/A
32
33
#N/A N/A
34
33
24
File Dt
Inst Type
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
Date
12 month
6 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
Date
24.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
19.04.2013
16.04.2013
10.04.2013
04.04.2013
04.04.2013
02.04.2013
08.03.2013
04.03.2013
01.03.2013
01.03.2013
28.02.2013
28.02.2013
28.02.2013
28.02.2013
16.08.2010
30.04.2013
NetApp Inc
NetApp, Inc. provides storage and data management solutions. The Company's
storage solutions include specialized hardware, software, and services that
provide storage management for open network environments. NetApp serves
enterprises, government agencies, and universities worldwide.
Price/Volume
45
14.0 M
40
12.0 M
35
10.0 M
30
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (01.05.2012)
52-Week Low (13.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 19.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
NTAP UW EQUITY YTD Change
NTAP UW EQUITY YTD % CHANGE
04/2012
01/yy
41.05
26.26
1'218'574.00
34.53
-15.88%
31.49%
55.92%
360.4
12'444.86
1'264.90
0.0
0.0
5'398.50
7'958.56
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
8.0 M
20
6.0 M
15
4.0 M
10
2.0 M
5
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
25
30.04.2009
30.04.2010
3'406.4
3'931.4
1.36x
2.40x
272.1
617.0
17.06x
15.26x
64.6
400.4
26.61x
35.02x
Profitability
LTM-4Q
30.04.2011
5'122.6
2.97x
997.4
15.24x
673.1
14.83x
30.04.2012
6'233.2
1.62x
1'049.4
9.62x
605.4
24.27x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
1'049.40
756.30
12.13%
13.72%
5.20%
11.82%
9.70%
0.64%
59.6%
15.3%
10.0%
9.7%
1.94
1.77
13.27%
29.46%
9.58
15.88
01/yy
5'959.0
8.48x
1'005.4
9.77x
585.3
9.52x
LTM
01/yy
6'318.4
5.07x
967.0
8.82x
512.2
27.41x
FY+1
0.00
1.26
357.32
20.63
-11.07%
2.92%
1.258
39
3.718
1'686'523
1'996'029
1'783'535
FY+2
FQ+1
FQ+2
04/13 Y
04/14 Y
04/13 Q4 07/13 Q1
6'371.9
6'923.7
1'755.0
1'605.4
1.63x
1.36x
4.80x
5.21x
1'203.6
1'354.2
369.1
305.3
6.61x
5.88x
5.73x
5.53x
840.6
950.2
253.6
201.0
15.16x
13.63x
13.98x
13.62x
S&P Issuer Ratings
04.12.2012
BBB+
STABLE
13.17
8.06
-4.64
2.31
29.5%
22.8%
0.64
5.56
38.00
22.92
30.74
32.49
Sales/Revenue/Turnover
20.00
7'000.0
18.00
6'000.0
16.00
14.00
5'000.0
12.00
4'000.0
10.00
3'000.0
8.00
2'000.0
6.00
4.00
1'000.0
2.00
0.00
24.04.2009
0.0
24.10.2009
24.04.2010
24.10.2010
24.04.2011
24.10.2011
24.04.2012
24.10.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
NetApp Inc
Holdings By:
All
Holder Name
DODGE & COX
STATE STREET
BLACKROCK
VANGUARD GROUP INC
UBS
GOLDMAN SACHS GROUP
AMERICAN CENTURY COM
WELLINGTON MANAGEMEN
BROWN ADVISORY INC
AMERIPRISE FINANCIAL
MAVERICK CAPITAL LTD
JP MORGAN
ING INVESTMENT MANAG
CITADEL ADVISORS LLC
CADIAN CAPITAL MANAG
INVESCO LTD
SCOPIA MANAGEMENT IN
NORTHERN TRUST CORPO
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
Firm Name
BMO Capital Markets
RBC Capital Markets
Piper Jaffray
Robert W. Baird & Co
Brean Murray Carret & Co
Janney Montgomery Scott LLC
William Blair & Co
Deutsche Bank
Edward Jones
Longbow Research
Wells Fargo Securities, LLC
Goldman Sachs
Monness, Crespi, Hardt & Co
EVA Dimensions
Pacific Crest Securities
Raymond James
Credit Suisse
Lake Street Capital Markets LLC
Morgan Stanley
Argus Research Corp
JPMorgan
Jefferies
Needham & Co
Wedbush
Stifel
Evercore Partners
Lazard Capital Markets
Craig-Hallum Capital Group LLC
Credit Agricole Securities (USA)
Barclays
FBN Securities
Topeka Capital Markets Inc
Sterne, Agee & Leach
Oppenheimer & Co
ISI Group
S&P Capital IQ
Wedge Partners
Portfolio Name
DODGE & COX
n/a
n/a
VANGUARD GROUP INC
n/a
GOLDMAN SACHS GROUP
AMERICAN CENTURY COM
WELLINGTON MANAGEMEN
n/a
AMERIPRISE FINANCIAL
MAVERICK CAPITAL LTD
n/a
ING INVESTMENT MANAG
CITADEL ADVISORS LLC
CADIAN CAPITAL MANAG
n/a
SCOPIA MANAGEMENT IN
NORTHERN TRUST CORPO
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
Analyst
KEITH F BACHMAN
AMIT DARYANANI
ANDREW J NOWINSKI
JAYSON NOLAND SR
ANANDA BARUAH
WILLIAM CHOI
JASON NOAH ADER
CHRISTOPHER WHITMORE
WILLIAM C KREHER
JOE WITTINE
MAYNARD UM
WILLIAM C SHOPE JR
JEFFREY FIDACARO
ANDREW S ZAMFOTIS
BRENT A BRACELIN
BRIAN G ALEXANDER
KULBINDER GARCHA
ERIC MARTINUZZI
KATHRYN HUBERTY
JAMES KELLEHER
MARK A MOSKOWITZ
PETER J MISEK
GLENN HANUS
ROHIT CHOPRA
AARON C RAKERS
ROBERT CIHRA
EDWARD PARKER
RAJESH GHAI
LOUIS R MISCIOSCIA
BENJAMIN A REITZES
SHEBLY SEYRAFI
BRIAN J WHITE
ALEX KURTZ
ITTAI KIDRON
BRIAN MARSHALL
JIM YIN
JUN ZHANG
Source
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
Recommendation
market perform
sector perform
overweight
neutral
buy
neutral
market perform
buy
hold
neutral
market perform
neutral/cautious
neutral
overweight
outperform
outperform
neutral
buy
Equalwt/In-Line
buy
overweight
hold
buy
neutral
buy
equalweight
neutral
hold
underperform
overweight
outperform
buy
neutral
market perform
buy
hold
no rating system
Amt Held
25'316'785
19'545'556
18'799'247
16'618'082
15'861'276
12'668'343
10'906'684
10'536'649
10'297'917
8'380'176
7'864'559
7'856'156
7'619'214
6'535'127
6'252'194
5'616'427
4'848'113
4'701'217
4'368'261
4'308'936
% Out
7.02
5.42
5.22
4.61
4.4
3.52
3.03
2.92
2.86
2.33
2.18
2.18
2.11
1.81
1.73
1.56
1.35
1.3
1.21
1.2
Weighting
Change
3
3
5
3
5
3
3
5
3
3
3
3
3
5
5
5
3
5
3
5
5
3
5
3
5
3
3
3
1
5
5
5
3
3
5
3
#N/A N/A
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
Latest Chg
4'166'750
87'980
729'874
512'141
(969'621)
(1'293'688)
3'698'023
4'143'189
196'764
449'955
(1'108'135)
(1'608'945)
297'742
5'771'479
1'169'984
(422'938)
1'602'938
(4'218)
165'300
(76'030)
Target Price
41
40
39
34
42
38
#N/A N/A
40
#N/A N/A
#N/A N/A
#N/A N/A
32
#N/A N/A
#N/A N/A
38
40
35
43
#N/A N/A
42
41
35
41
35
42
38
#N/A N/A
32
35
45
40
48
37
#N/A N/A
40
29
#N/A N/A
File Dt
31.12.2012
24.04.2013
23.04.2013
31.03.2013
28.02.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
6 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
22.04.2013
19.04.2013
18.04.2013
18.04.2013
17.04.2013
16.04.2013
15.04.2013
11.04.2013
05.04.2013
02.04.2013
01.04.2013
29.03.2013
18.03.2013
21.02.2013
20.02.2013
20.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
13.02.2013
13.02.2013
13.02.2013
16.10.2012
03.05.2012
30.04.2013
News Corp
News Corporation is a diversified global media company. The Company's
operations include the production and distribution of motion pictures and
television programming. The Company provides television, direct satellite, and
cable broadcasting and the publication of newspapers, magazines, books and
promotional inserts.
Price/Volume
06/2012
12/yy
31.91
18.32
1'735'953.00
30.99
-2.88%
69.16%
93.23%
1'526.7
72'123.63
15'455.00
1'142.0
9'626.00
82'276.63
16.0 M
14.0 M
12.0 M
20
10.0 M
15
8.0 M
6.0 M
10
4.0 M
2.0 M
0
a-12 m-12
30.06.2009
30.06.2010
30'423.0
32'778.0
1.06x
1.12x
4'472.0
5'228.0
7.23x
7.02x
(3'378.0)
2'539.0
11.11x
10.31x
Profitability
LTM-4Q
30.06.2011
33'405.0
1.50x
6'133.0
8.17x
2'739.0
14.16x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
33'706.0
1.78x
6'646.0
9.04x
1'179.0
15.81x
6'646.00
5'379.00
15.96%
6.56%
6.52%
14.38%
11.39%
0.56%
19.7%
15.9%
3.5%
2.02
1.69
27.28%
62.61%
4.61
-
j-12
a-12
LTM
12/yy
34'152.0
5.75x
6'648.0
7.73x
3'117.0
13.52x
s-12
12/yy
34'333.0
7.24x
6'754.0
10.53x
3'998.0
16.25x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.55
1.10
1'525.49
40.49
59.11%
21.68%
1.104
27
4.741
2'434'270
3'118'201
3'624'377
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
03/13 Q3 06/13 Q4
35'722.3
38'030.6
9'072.9
9'184.3
2.25x
2.10x
8.93x
8.83x
7'264.5
8'068.7
1'687.9
1'906.5
11.33x
10.20x
10.69x
10.34x
3'900.9
4'296.8
812.2
1'024.5
18.46x
15.92x
17.65x
16.58x
S&P Issuer Ratings
30.11.2012
BBB+
STABLE
6.18
5.30
1.28
2.44
62.6%
37.4%
0.56
5.82
79.48
-
Sales/Revenue/Turnover
20.00
40'000.0
18.00
35'000.0
16.00
30'000.0
14.00
25'000.0
12.00
10.00
20'000.0
8.00
15'000.0
6.00
10'000.0
4.00
5'000.0
2.00
0.00
03.07.2009
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
18.0 M
30
25
Valuation Analysis
30.06.2008
32'996.0
1.49x
6'668.0
7.36x
5'387.0
12.23x
35
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
News Corp
Holdings By:
All
Holder Name
BLACKROCK
STATE STREET
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
YACKTMAN ASSET MANAG
DODGE & COX
JANUS CAPITAL MANAGE
CHILDRENS INV FUND M
VIKING GLOBAL INVEST
FMR LLC
BANK OF NEW YORK MEL
ETON PARK CAPITAL MA
HIGHFIELDS CAPITAL M
NORTHERN TRUST CORPO
EAGLE CAPITAL MANAGE
NORGES BANK
INVESCO LTD
EGERTON CAPITAL LIMI
LONE PINE CAPITAL LL
WADDELL & REED FINAN
Firm Name
Cowen and Company
Lazard Capital Markets
Sanford C. Bernstein & Co
Credit Suisse
Nomura
Deutsche Bank
Needham & Co
Macquarie
Barclays
Wells Fargo Securities, LLC
RBC Capital Markets
Morgan Stanley
Susquehanna Financial Group
Wedbush
Davenport & Co
Wunderlich Securities
S&P Capital IQ
Telsey Advisory Group
Argus Research Corp
EVA Dimensions
Gabelli & Co
Evercore Partners
Atlantic Equities LLP
Goldman Sachs
BTIG LLC
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
YACKTMAN ASSET MANAG
DODGE & COX
n/a
CHILDRENS INVESTMENT
VIKING GLOBAL INVEST
n/a
BANK OF NEW YORK MEL
ETON PARK CAPITAL MA
HIGHFIELDS CAPITAL M
NORTHERN TRUST CORPO
EAGLE CAPITAL MANAGE
NORGES BANK
n/a
EGERTON CAPITAL LIMI
LONE PINE CAPITAL LL
WADDELL & REED FINAN
Analyst
DOUGLAS CREUTZ
BARTON CROCKETT
TODD JUENGER
MICHAEL SENNO
MICHAEL NATHANSON
DOUGLAS D MITCHELSON
LAURA A MARTIN
TIMOTHY W NOLLEN
ANTHONY J DICLEMENTE
MARCI RYVICKER
DAVID BANK
BENJAMIN SWINBURNE
VASILY KARASYOV
JAMES G DIX
MICHAEL C MORRIS
MATTHEW HARRIGAN
TUNA AMOBI
JAISON BLAIR
JOSEPH F BONNER
CRAIG STERLING
BRETT HARRISS
ALAN GOULD
HAMILTON FABER
DREW BORST
RICHARD GREENFIELD
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
Recommendation
outperform
buy
outperform
outperform
buy
buy
buy
outperform
overweight
outperform
outperform
Overwt/Attractive
Positive
outperform
buy
buy
buy
no rating system
hold
hold
buy
overweight
overweight
not rated
buy
Amt Held
106'117'879
102'879'885
87'698'670
81'642'663
80'106'935
73'990'044
50'745'635
34'348'479
34'295'229
31'661'527
28'811'418
28'100'000
27'945'300
24'797'737
22'180'447
19'150'391
17'590'189
17'571'378
16'929'453
14'275'510
% Out
6.95
6.74
5.74
5.35
5.25
4.85
3.32
2.25
2.25
2.07
1.89
1.84
1.83
1.62
1.45
1.25
1.15
1.15
1.11
0.94
Weighting
Change
5
5
5
5
5
5
5
5
5
5
5
5
4
5
5
5
5
#N/A N/A
3
3
5
5
5
#N/A N/A
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
M
M
Latest Chg
566'560
4'124'842
1'759'231
(49'269'500)
(449'404)
(9'828'325)
1'242'647
(12'657'102)
3'537'977
1'655'264
(854'432)
9'100'000
(3'592'000)
(375'426)
1'184'087
(668)
(3'322'085)
2'373'660
2'887'188
1'726'350
Target Price
#N/A N/A
35
36
36
33
37
34
35
35
#N/A N/A
34
32
34
26
35
36
31
34
#N/A N/A
#N/A N/A
#N/A N/A
30
33
#N/A N/A
30
File Dt
23.04.2013
24.04.2013
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
18 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Government
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Date
23.04.2013
21.04.2013
19.04.2013
17.04.2013
17.04.2013
16.04.2013
16.04.2013
16.04.2013
16.04.2013
12.04.2013
10.04.2013
08.03.2013
07.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
20.02.2013
11.02.2013
08.02.2013
07.02.2013
07.02.2013
28.06.2012
27.06.2012
30.04.2013
Price/Volume
30
8.0 M
7.0 M
25
6.0 M
20
09/2012
12/yy
25.89
18.00
766'017.00
23.3
-10.00%
29.44%
67.17%
316.3
7'369.20
2'115.91
4.6
0.0
1'129.76
8'700.65
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
4.0 M
3.0 M
10
2.0 M
5
0
a-12
1.0 M
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
5.0 M
15
Valuation Analysis
30.09.2009
30.09.2010
950.4
1'118.9
4.71x
4.44x
212.9
238.6
21.03x
20.85x
(19.4)
(19.1)
70.75x
Profitability
LTM-4Q
30.09.2011
1'318.7
5.05x
268.2
24.85x
38.2
52.72x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.09.2012
1'651.5
5.30x
380.4
23.02x
207.1
26.29x
380.38
193.20
11.70%
3.95%
3.28%
6.71%
0.33%
63.4%
21.7%
10.7%
12.5%
1.76
1.57
36.49%
77.16%
5.10
-
12/yy
1'375.6
20.24x
287.0
28.46x
47.6
70.19x
LTM
12/yy
1'753.1
19.19x
379.8
22.20x
175.7
26.33x
FY+1
1.33
265.42
24.59
-4.66%
4.39%
1.333
18
3.722
1'258'070
1'303'597
1'288'271
FY+2
FQ+1
FQ+2
09/13 Y
09/14 Y
06/13 Q3 09/13 Q4
2'160.5
2'443.6
552.3
603.1
3.91x
3.32x
15.52x
13.99x
869.2
967.6
223.0
253.6
10.01x
8.99x
9.27x
8.95x
588.6
675.9
159.9
185.0
12.90x
11.49x
11.88x
11.61x
S&P Issuer Ratings
11.02.2011
BBSTABLE
4.46
3.72
3.62
6.15
77.2%
43.5%
0.33
15.48
71.76
112.46
20.93
Sales/Revenue/Turnover
25.00
1'800.0
1'600.0
20.00
1'400.0
1'200.0
15.00
1'000.0
800.0
10.00
600.0
400.0
5.00
200.0
0.00
02.10.2009
0.0
02.04.2010
02.10.2010
02.04.2011
02.10.2011
02.04.2012
02.10.2012
02.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
WARBURG PINCUS LLC
WARBURG PINCUS LLC
T ROWE PRICE ASSOCIA
ICAHN ASSOCIATES COR
FMR LLC
VANGUARD GROUP INC
AMERIPRISE FINANCIAL
BLACKROCK
PRIMECAP MANAGEMENT
FRANKLIN RESOURCES
JP MORGAN
ALLIANZ ASSET MANAGE
INVESCO LTD
STATE STREET
RICCI PAUL A
WESTFIELD CAPITAL MG
FAIRPOINTE CAPITAL L
STERLING CAPITAL MAN
PIONEER INVESTMENT M
LUTHER KING CAPITAL
Firm Name
Raymond James
Wells Fargo Securities, LLC
Morgan Stanley
Mizuho Securities USA Inc
Stifel
Oppenheimer & Co
Avondale Partners LLC
B Riley & Company, Inc
Goldman Sachs
Needham & Co
FBR Capital Markets
Craig-Hallum Capital Group LLC
Northland Securities Inc
Canaccord Genuity Corp
Piper Jaffray
EVA Dimensions
Deutsche Bank
Wedbush
Wedge Partners
Portfolio Name
WARBURG PINCUS LLC
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
VANGUARD GROUP INC
AMERIPRISE FINANCIAL
n/a
PRIMECAP MANAGEMENT
n/a
n/a
n/a
n/a
n/a
n/a
WESTFIELD CAPITAL MA
FAIRPOINTE CAPITAL L
STERLING CAPITAL MAN
PIONEER INVESTMENT M
LUTHER KING CAPITAL
Analyst
TAVIS C MCCOURT
GRAY W POWELL
JENNIFER LOWE
JOANNA MAKRIS
TOM RODERICK
SHAUL EYAL
JOHN F BRIGHT
DANIEL CUMMINS
GREG DUNHAM
SCOTT ZELLER
DANIEL H IVES
JEFF VAN RHEE
MICHAEL JAMES LATIMORE
RICHARD DAVIS JR
MARK R MURPHY
ANDREW S ZAMFOTIS
NANDAN AMLADI
SCOTT P SUTHERLAND
BRIAN BLAIR
Source
13F
13D
13F
13G
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
Form 4
13F
13F
13F
13F
13F
Recommendation
Under Review
market perform
Overwt/In-Line
buy
hold
outperform
market outperform
neutral
neutral/neutral
hold
outperform
hold
outperform
buy
neutral
sell
buy
underperform
no rating system
Amt Held
53'004'254
43'058'531
29'398'004
29'329'291
17'851'319
12'376'660
11'852'538
11'388'936
10'227'210
8'696'276
7'787'480
6'632'234
5'228'721
4'407'086
4'015'944
3'948'645
3'843'339
3'549'830
3'545'481
2'994'953
% Out
16.76
13.61
9.3
9.27
5.64
3.91
3.75
3.6
3.23
2.75
2.46
2.1
1.65
1.39
1.27
1.25
1.22
1.12
1.12
0.95
Weighting
Change
#N/A N/A
3
5
5
3
5
4
3
3
3
5
3
5
5
3
1
5
1
#N/A N/A
M
M
M
M
M
M
M
N
M
D
M
D
M
M
M
M
M
M
M
Latest Chg
(9'945'723)
(6'904'115)
2'757'603
914'836
(214'677)
730'092
(715'000)
(116'834)
(258'843)
227'647
(21'414)
121'600
338'110
104'968
3'251'234
593'927
(6'741)
Target Price
#N/A N/A
#N/A N/A
28
26
#N/A N/A
30
35
21
22
#N/A N/A
28
24
26
26
22
#N/A N/A
30
19
#N/A N/A
File Dt
Inst Type
31.12.2012
Private Equity
14.03.2013
Private Equity
31.12.2012
Investment Advisor
20.03.2013 Hedge Fund Manager
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.01.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
11.04.2013
n/a
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Date
22.04.2013
12.04.2013
03.04.2013
03.04.2013
02.04.2013
02.04.2013
01.04.2013
20.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
07.02.2013
07.02.2013
15.01.2013
15.11.2012
07.08.2012
15.03.2012
30.04.2013
NVIDIA Corp
NVIDIA Corporation designs, develops, and markets three dimensional (3D)
graphics processors and related software. The Company's products provide
interactive 3D graphics to the mainstream personal computer market.
Price/Volume
16
10.0 M
9.0 M
8.0 M
7.0 M
6.0 M
5.0 M
4.0 M
3.0 M
2.0 M
1.0 M
.0 M
14
12
10
8
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (10.08.2012)
52-Week Low (16.11.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 08.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
NVDA UW EQUITY YTD Change
NVDA UW EQUITY YTD % CHANGE
01/2013
01/yy
15.22
11.16
1'664'352.00
13.57
-10.84%
21.65%
59.41%
616.0
8'358.85
21.41
0.0
0.0
3'727.88
4'652.37
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
4
2
0
a-12 m-12
31.01.2010
31.01.2011
3'326.4
3'543.3
2.09x
3.25x
97.7
385.7
71.00x
29.86x
(68.0)
253.1
325.78x
40.89x
Profitability
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.01.2012
3'997.9
1.51x
852.5
7.06x
581.1
15.39x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
4'280.2
0.92x
874.5
4.51x
562.5
13.20x
874.47
648.24
15.15%
15.47%
9.40%
12.54%
0.72%
52.0%
20.4%
15.1%
13.1%
4.89
4.28
0.33%
0.44%
10.83
5.40
01/yy
3'997.9
7.01x
852.5
7.06x
581.1
15.35x
LTM
01/yy
4'280.2
4.22x
874.5
4.51x
562.5
13.64x
FY+1
0.55
1.33
586.94
26.52
5.70%
11.08%
1.329
36
3.583
2'144'920
2'459'672
2'625'206
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
4'226.0
4'595.7
940.6
1'009.1
1.13x
0.98x
4.97x
4.80x
798.8
924.4
129.2
169.4
5.82x
5.03x
5.95x
5.52x
526.0
608.9
79.1
110.9
16.02x
14.15x
15.76x
14.69x
S&P Issuer Ratings
07.05.2009
NR
265.47
209.83
-4.24
0.02
0.4%
0.4%
0.72
7.53
33.61
67.35
59.00
41.96
Sales/Revenue/Turnover
50.00
4'500.0
45.00
4'000.0
40.00
3'500.0
35.00
3'000.0
30.00
2'500.0
25.00
2'000.0
20.00
1'500.0
15.00
1'000.0
10.00
500.0
5.00
0.00
05.02.2010
j-12
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
0.0
05.08.2010
05.02.2011
05.08.2011
05.02.2012
05.08.2012
05.02.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
NVIDIA Corp
Holdings By:
All
Holder Name
FMR LLC
VANGUARD GROUP INC
STATE STREET
BLACKROCK
HUANG JEN-HSUN
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
AMERIPRISE FINANCIAL
MORGAN STANLEY
ALLIANCE BERNSTEIN
ROBECO INVESTMENT MG
NORTHERN TRUST CORPO
INVESCO LTD
BANK OF NEW YORK MEL
FAIRPOINTE CAPITAL L
CONTRARIUS INVESTMEN
NORGES BANK
JENNISON ASSOCIATES
GEODE CAPITAL MANAGE
CHARLES SCHWAB INVES
Firm Name
Brean Murray Carret & Co
FBR Capital Markets
BMO Capital Markets
Wells Fargo Securities, LLC
MKM Partners
Roth Capital Partners
Evercore Partners
Barclays
Morgan Stanley
JPMorgan
Needham & Co
Wedbush
Macquarie
B Riley & Company, Inc
Sterne, Agee & Leach
Lazard Capital Markets
Susquehanna Financial Group
Deutsche Bank
RBC Capital Markets
Raymond James
Canaccord Genuity Corp
Oppenheimer & Co
Stifel
Pacific Crest Securities
Nomura
JMP Securities
Tigress Financial Partners
Miller Tabak + Co., LLC
Wedge Partners
Jefferies
Goldman Sachs
S&P Capital IQ
EVA Dimensions
Hudson Square Research
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
AMERIPRISE FINANCIAL
n/a
n/a
ROBECO INVESTMENT MA
NORTHERN TRUST CORPO
n/a
BANK OF NEW YORK MEL
FAIRPOINTE CAPITAL L
CONTRARIUS INVESTMEN
NORGES BANK
JENNISON ASSOCIATES
GEODE CAPITAL MANAGE
CHARLES SCHWAB INVES
Analyst
MIKE BURTON
CHRISTOPHER ROLLAND
AMBRISH SRIVASTAVA
DAVID M WONG
DANIEL A BERENBAUM
KRISHNA SHANKAR
PATRICK WANG
BLAYNE CURTIS
JOSEPH MOORE
HARLAN SUR
RAJVINDRA S. GILL
BETSY VAN HEES
SHAWN WEBSTER
CRAIG ELLIS
VIJAY R RAKESH
DANIEL L AMIR
CHRISTOPHER CASO
ROSS C SEYMORE
DOUG FREEDMAN
HANS C MOSESMANN
ROBERT BURLESON
RICHARD SCHAFER
KEVIN E CASSIDY
MICHAEL MCCONNELL
ROMIT SHAH
ALEX GAUNA
IVAN FEINSETH
BRENDAN FURLONG
BRIAN BLAIR
MARK J LIPACIS
JAMES SCHNEIDER
CHRISTIN ARMACOST
ANDREW S ZAMFOTIS
DANIEL ERNST
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
Form 4
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
Recommendation
hold
market perform
market perform
outperform
neutral
buy
underweight
equalweight
Equalwt/In-Line
neutral
hold
outperform
neutral
neutral
neutral
neutral
negative
hold
sector perform
strong buy
buy
market perform
buy
sector perform
buy
market perform
neutral
buy
no rating system
hold
neutral/attractive
buy
buy
buy
Amt Held
79'493'214
39'441'892
34'345'597
32'149'359
22'168'135
17'973'300
14'176'500
11'701'670
11'551'047
10'408'208
8'041'269
7'938'442
7'745'598
6'685'345
5'915'747
5'785'902
5'155'045
4'243'814
4'076'221
3'757'015
% Out
12.91
6.4
5.58
5.22
3.6
2.92
2.3
1.9
1.88
1.69
1.31
1.29
1.26
1.09
0.96
0.94
0.84
0.69
0.66
0.61
Weighting
Change
3
3
3
5
3
5
1
3
3
3
3
5
3
3
3
3
2
3
3
5
5
3
5
3
5
3
3
5
#N/A N/A
3
3
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
U
Latest Chg
(9'978'177)
1'773'720
668'980
(979'500)
(12'739'300)
3'158'033
7'413'768
1'463'043
6'139'523
108'110
(498'513)
193'720
786'088
942'748
713'619
(1'293'529)
(36'419)
2'239'918
Target Price
#N/A N/A
14
12
#N/A N/A
14
15
11
13
#N/A N/A
14
#N/A N/A
17
14
13
#N/A N/A
#N/A N/A
11
13
13
17
16
#N/A N/A
18
#N/A N/A
15
#N/A N/A
#N/A N/A
17
#N/A N/A
14
14
15
#N/A N/A
18
File Dt
28.02.2013
31.03.2013
24.04.2013
23.04.2013
20.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
6 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Date
23.04.2013
23.04.2013
22.04.2013
22.04.2013
19.04.2013
17.04.2013
15.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
04.04.2013
01.04.2013
20.03.2013
20.03.2013
18.03.2013
20.02.2013
20.02.2013
14.02.2013
13.02.2013
05.02.2013
15.01.2013
10.05.2010
30.04.2013
Price/Volume
120
4.0 M
3.5 M
100
3.0 M
80
12/2012
03/yy
108.95
75.64
241'686.00
107.69
-1.16%
42.37%
96.22%
111.0
11'958.08
1'095.96
0.0
0.0
248.13
12'848.60
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
2.0 M
1.5 M
40
1.0 M
20
.5 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.5 M
60
Valuation Analysis
31.12.2009
31.12.2010
4'847.1
5'397.5
1.24x
1.64x
685.8
895.1
8.75x
9.89x
307.5
419.4
17.09x
19.21x
Profitability
LTM-4Q
31.12.2011
5'788.8
1.83x
1'029.8
10.30x
507.7
20.82x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
6'182.2
1.77x
1'154.5
9.48x
585.7
18.83x
1'154.50
977.39
15.81%
15.23%
10.27%
23.97%
18.11%
1.08%
50.1%
18.6%
15.7%
9.5%
1.20
0.16
19.06%
51.98%
41.86
1.44
03/yy
5'935.5
6.83x
1'086.0
10.80x
552.7
22.14x
LTM
03/yy
6'237.8
5.13x
863.2
0.00x
592.6
20.61x
FY+1
0.00
0.69
107.70
5.46
2.11%
20.43%
0.695
26
4.154
306'643
292'857
340'158
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
6'636.3
7'058.5
1'702.5
1'749.5
1.95x
1.84x
7.56x
7.36x
1'256.4
1'355.2
319.0
335.1
10.23x
9.48x
10.22x
10.05x
642.8
686.9
166.6
177.5
18.62x
16.42x
18.21x
17.72x
S&P Issuer Ratings
18.01.2012
BBB
STABLE
24.95
18.45
0.77
0.95
52.0%
34.2%
1.08
2.85
8.72
252.91
184.76
86.53
Sales/Revenue/Turnover
25.00
7'000.0
6'000.0
20.00
5'000.0
15.00
4'000.0
3'000.0
10.00
2'000.0
5.00
0.00
01.01.2010
1'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
BLACKROCK
STATE STREET
RUANE CUNNIFF & GOLD
PRINCIPAL FINANCIAL
NEUBERGER BERMAN LLC
JANUS CAPITAL MANAGE
LONE PINE CAPITAL LL
CITADEL ADVISORS LLC
SELECT EQUITY GROUP
BANK OF NEW YORK MEL
INVESCO LTD
GAMCO
WILLIAM BLAIR & COMP
OPPENHEIMERFUNDS INC
NORTHERN TRUST CORPO
O'REILLY DAVID E
WELLINGTON MANAGEMEN
BAILLIE GIFFORD AND
Firm Name
BB&T Capital Markets
Barclays
Deutsche Bank
Morgan Stanley
Sanford C. Bernstein & Co
Nomura
RBC Capital Markets
Robert W. Baird & Co
Raymond James
Northcoast Research
Stifel
William Blair & Co
ISI Group
Edward Jones
Piper Jaffray
EVA Dimensions
Goldman Sachs
JPMorgan
Stephens Inc
Gabelli & Co
Credit Suisse
Oppenheimer & Co
S&P Capital IQ
Portfolio Name
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
n/a
n/a
RUANE CUNNIFF & GOLD
n/a
NEUBERGER BERMAN GRO
n/a
LONE PINE CAPITAL LL
CITADEL ADVISORS LLC
SELECT EQUITY GROUP
BANK OF NEW YORK MEL
n/a
n/a
WILLIAM BLAIR & COMP
OPPENHEIMER FUNDS IN
NORTHERN TRUST CORPO
n/a
WELLINGTON MANAGEMEN
BAILLIE GIFFORD & CO
Analyst
BRET D JORDAN
ALAN M RIFKIN
MICHAEL BAKER
DAVID GOBER
COLIN MCGRANAHAN
ARAM RUBINSON
R SCOT CICCARELLI
CRAIG R KENNISON
DANIEL R WEWER JR
NICHOLAS MITCHELL
DAVID A SCHICK
DANIEL H HOFKIN
GREGORY MELICH
BRIAN YARBROUGH
PETER J KEITH
CRAIG STERLING
MATTHEW J FASSLER
CHRISTOPHER HORVERS
JOHN R LAWRENCE
BRIAN SPONHEIMER
GARY BALTER
BRIAN NAGEL
MICHAEL SOUERS
Source
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
Form 4
13F
13F
Recommendation
buy
overweight
hold
Overwt/In-Line
market perform
neutral
outperform
neutral
strong buy
neutral
buy
outperform
neutral
buy
neutral
overweight
neutral/neutral
neutral
overweight
buy
outperform
market perform
buy
Amt Held
7'412'420
7'108'025
6'437'684
6'329'291
3'658'781
2'764'208
2'624'914
2'623'402
2'164'498
2'121'541
2'106'437
2'102'133
1'769'464
1'762'790
1'667'578
1'666'774
1'538'303
1'480'017
1'414'240
1'235'983
% Out
6.66
6.39
5.78
5.69
3.29
2.48
2.36
2.36
1.94
1.91
1.89
1.89
1.59
1.58
1.5
1.5
1.38
1.33
1.27
1.11
Weighting
Change
5
5
3
5
3
3
5
3
5
3
5
5
3
5
3
5
3
3
5
5
5
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
Latest Chg
(56'061)
206'740
327'780
(39'445)
(3'711)
650'059
175'909
(1'360'800)
639'137
2'112'349
(846'503)
22'041
323'143
61'805
107'970
393'150
(30'510)
(502)
459'235
99'874
Target Price
112
120
102
108
106
98
113
110
#N/A N/A
#N/A N/A
102
#N/A N/A
106
#N/A N/A
97
#N/A N/A
110
106
115
#N/A N/A
115
92
112
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012 Hedge Fund Manager
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Unclassified
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
08.02.2013
n/a
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
Date
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
6 month
12 month
Not Provided
Not Provided
18 month
Not Provided
Date
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
22.04.2013
22.04.2013
18.04.2013
18.04.2013
17.04.2013
16.04.2013
08.04.2013
05.04.2013
25.03.2013
11.02.2013
08.02.2013
08.02.2013
08.02.2013
08.02.2013
07.02.2013
07.02.2013
07.02.2013
30.04.2013
Oracle Corp
Oracle Corporation supplies software for enterprise information management. The
Company offers databases and relational servers, application development and
decision support tools, and enterprise business applications. Oracle's software
runs on network computers, personal digital assistants, set-top devices, PCs,
workstations, minicomputers, mainframes, and massively parallel computers.
Price/Volume
35.0 M
35
30.0 M
30
25.0 M
25
20.0 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (15.03.2013)
52-Week Low (18.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 15.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ORCL UW EQUITY YTD Change
ORCL UW EQUITY YTD % CHANGE
05/2012
02/yy
36.43
25.33
7'295'516.00
32.24
-11.50%
27.28%
62.25%
4'710.7
151'871.63
16'474.00
0.0
399.0
30'676.00
138'658.62
31.05.2008
22'430.0
5.25x
9'489.0
12.42x
5'521.0
18.27x
15.0 M
15
10
10.0 M
5.0 M
0
a-12 m-12
31.05.2009
31.05.2010
23'252.0
26'820.0
4.11x
4.10x
10'531.0
12'138.0
9.08x
9.06x
5'593.0
6'135.0
14.40x
16.60x
Profitability
LTM-4Q
31.05.2011
35'622.0
4.52x
15'524.0
10.37x
8'547.0
19.33x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.05.2012
37'121.0
3.13x
16'973.0
6.84x
9'981.0
13.24x
16'973.00
14'057.00
37.87%
34.92%
13.74%
24.52%
18.40%
0.48%
78.8%
46.5%
38.6%
26.9%
2.60
2.41
21.03%
37.71%
8.42
38.07
j-12
a-12
LTM
02/yy
36'980.0
15.12x
16'698.0
7.85x
9'739.0
14.93x
s-12
02/yy
37'149.0
14.54x
17'286.0
8.58x
10'570.0
15.85x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.12
1.12
3'596.05
42.37
10.76%
-3.24%
1.119
44
4.341
6'358'411
7'264'685
6'387'491
FY+2
FQ+1
FQ+2
05/13 Y
05/14 Y
05/13 Q4 08/13 Q1
37'423.1
39'512.1
11'138.7
8'563.0
3.74x
3.34x
12.54x
15.85x
18'255.9
20'006.1
5'888.5
3'972.6
7.60x
6.93x
7.20x
7.04x
13'049.3
13'945.2
4'199.8
2'776.0
11.99x
11.00x
11.31x
10.99x
S&P Issuer Ratings
24.04.2012
A+
STABLE
24.04.2012
A-1+
22.16
21.31
-0.79
1.14
37.7%
27.2%
0.48
12.45
43.35
9.59
19.99
47.82
Sales/Revenue/Turnover
20.00
40'000.0
18.00
35'000.0
16.00
30'000.0
14.00
25'000.0
12.00
10.00
20'000.0
8.00
15'000.0
6.00
10'000.0
4.00
5'000.0
2.00
0.00
05.06.2009
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
40
0.0
05.12.2009
05.06.2010
05.12.2010
05.06.2011
05.12.2011
05.06.2012
05.12.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Oracle Corp
Holdings By:
All
Holder Name
ELLISON LAWRENCE JOS
CAPITAL GROUP COMPAN
BLACKROCK
STATE STREET
VANGUARD GROUP INC
BANK OF NEW YORK MEL
WELLINGTON MANAGEMEN
SUN LIFE FINANCIAL I
FMR LLC
INVESCO LTD
NORTHERN TRUST CORPO
GRANTHAM MAYO VAN OT
JP MORGAN
HARRIS ASSOCIATES LP
TIAA CREF INVESTMENT
NORGES BANK
JANUS CAPITAL MANAGE
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
ABERDEEN
Firm Name
FBR Capital Markets
JMP Securities
Lazard Capital Markets
BMO Capital Markets
Edward Jones
Sanford C. Bernstein & Co
Stifel
Nomura
Wedbush
Pacific Crest Securities
Cowen and Company
Morgan Stanley
Cross Research
RBC Capital Markets
Argus Research Corp
Oppenheimer & Co
Wells Fargo Securities, LLC
Credit Agricole Securities (USA)
Societe Generale
Jefferies
Hamburger Sparkasse
William Blair & Co
Raymond James
Macquarie
Daiwa Securities Co. Ltd.
Barclays
Atlantic Equities LLP
Deutsche Bank
Credit Suisse
JPMorgan
Janney Montgomery Scott LLC
Davenport & Co
Canaccord Genuity Corp
Berenberg Bank
Susquehanna Financial Group
Piper Jaffray
MKM Partners
Evercore Partners
EVA Dimensions
Tigress Financial Partners
Goldman Sachs
Portfolio Name
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
BANK OF NEW YORK MEL
WELLINGTON MANAGEMEN
n/a
n/a
n/a
NORTHERN TRUST CORPO
GRANTHAM MAYO VAN OT
n/a
HARRIS ASSOC LP
TIAA-CREF INVESTMENT
NORGES BANK
n/a
PRIMECAP MANAGEMENT
T ROWE PRICE ASSOCIA
n/a
Analyst
DAVID M HILAL
PATRICK WALRAVENS
JOEL P FISHBEIN JR
KARL KEIRSTEAD
JOSH OLSON
MARK L MOERDLER
BRAD REBACK
RICHARD G SHERLUND
STEVEN R KOENIG
BRENDAN BARNICLE
PETER GOLDMACHER
KEITH WEISS
RICHARD T WILLIAMS
MATTHEW HEDBERG
JOSEPH F BONNER
BRIAN SCHWARTZ
JASON MAYNARD
EDWARD MAGUIRE
RICHARD NGUYEN
ROSS MACMILLAN
MARCO GUENTHER
LAURA J LEDERMAN
MICHAEL TURITS
BRAD A ZELNICK
KAZUYA NISHIMURA
RAIMO LENSCHOW
CHRISTOPHER HICKEY
THOMAS ERNST JR
PHILIP WINSLOW
JOHN DIFUCCI
YUN KIM
F DRAKE JOHNSTONE
RICHARD DAVIS JR
DAUD KHAN
J DERRICK WOOD
MARK R MURPHY
ISRAEL HERNANDEZ
STEWART KIRK MATERNE III
ANDREW S ZAMFOTIS
IVAN FEINSETH
HEATHER BELLINI
Source
Form 4
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
Recommendation
outperform
market perform
buy
outperform
buy
market perform
buy
buy
neutral
outperform
neutral
Overwt/In-Line
hold
outperform
buy
outperform
outperform
underperform
hold
hold
hold
outperform
outperform
neutral
outperform
overweight
neutral
hold
outperform
overweight
buy
buy
buy
buy
Positive
overweight
buy
equalweight
overweight
buy
Buy/Neutral
Amt Held
1'112'434'580
249'496'992
218'198'158
206'866'801
173'943'841
79'305'376
77'278'005
76'926'341
75'285'789
69'216'283
56'379'053
49'190'816
43'915'151
40'458'447
39'724'493
38'397'212
32'702'179
32'112'868
28'440'138
26'789'941
% Out
23.62
5.3
4.63
4.39
3.69
1.68
1.64
1.63
1.6
1.47
1.2
1.04
0.93
0.86
0.84
0.82
0.69
0.68
0.6
0.57
Weighting
Change
5
3
5
5
5
3
5
5
3
5
3
5
3
5
5
5
5
1
3
3
3
5
5
3
5
5
3
3
5
5
5
5
5
5
4
5
5
3
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
D
N
M
Latest Chg
7'200'000
(12'392'864)
(4'294'558)
6'192'099
2'006'738
988'951
(4'612'811)
(1'880'715)
15'270'822
(2'631'607)
(610'493)
(1'571'164)
(11'515'608)
16'398'956
4'197'117
1'152'929
(4'513'686)
(1'663'800)
(2'801'171)
(211'200)
Target Price
39
#N/A N/A
41
43
#N/A N/A
34
37
39
36
44
#N/A N/A
39
35
37
39
40
#N/A N/A
35
37
36
#N/A N/A
#N/A N/A
36
36
36
38
33
29
40
40
43
40
42
35
40
37
38
36
#N/A N/A
#N/A N/A
39
File Dt
28.12.2012
31.03.2013
23.04.2013
24.04.2013
31.03.2013
31.03.2013
31.12.2012
28.02.2013
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
Date
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
18 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
6 month
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Inst Type
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Date
23.04.2013
23.04.2013
22.04.2013
21.04.2013
19.04.2013
19.04.2013
15.04.2013
15.04.2013
11.04.2013
10.04.2013
10.04.2013
09.04.2013
08.04.2013
04.04.2013
04.04.2013
04.04.2013
03.04.2013
03.04.2013
26.03.2013
26.03.2013
26.03.2013
25.03.2013
25.03.2013
25.03.2013
25.03.2013
25.03.2013
22.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
21.03.2013
20.03.2013
21.02.2013
20.02.2013
24.01.2013
30.04.2013
PACCAR Inc
PACCAR Inc designs, develops, manufactures, and distributes light-, medium-, and
heavy-duty trucks, and related aftermarket distribution of parts. The Company
also offers finance and leasing services to its customers and dealers.
Price/Volume
60
3.5 M
50
3.0 M
2.5 M
40
12/2012
03/yy
51.38
34.60
399'732.00
49.83
-3.02%
44.03%
90.76%
353.7
17'624.87
150.00
0.0
0.0
2'395.90
15'395.07
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
1.5 M
20
1.0 M
10
.5 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
30
Valuation Analysis
31.12.2009
31.12.2010
8'086.5
10'292.9
1.40x
1.82x
1'016.6
1'271.7
11.13x
14.69x
111.9
457.6
142.81x
46.64x
Profitability
LTM-4Q
31.12.2011
16'355.2
0.65x
2'153.2
4.93x
1'042.3
13.10x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
17'050.5
0.81x
2'296.4
5.98x
1'111.6
14.49x
2'296.40
1'595.50
9.36%
9.55%
5.52%
17.49%
0.88%
17.5%
13.4%
9.0%
6.5%
0.74
0.56
42.30%
134.77%
14.14
16.65
LTM
03/yy
17'847.7
2.81x
2'347.1
5.96x
1'176.3
14.45x
03/yy
16'198.7
3.25x
2'174.7
7.20x
1'020.4
17.57x
FY+1
3.21
1.39
346.31
8.36
20.33%
10.68%
1.390
23
3.522
633'651
664'383
653'624
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
16'524.8
18'021.5
4'070.5
4'204.9
1.16x
1.05x
5.76x
5.54x
1'950.7
2'240.0
464.2
502.4
7.89x
6.87x
7.59x
7.28x
1'111.6
1'258.1
262.6
288.4
15.89x
13.99x
15.16x
14.66x
S&P Issuer Ratings
29.04.2010
A+
STABLE
29.04.2010
A-1
13.21
2.83
-1.03
0.07
134.8%
57.4%
0.88
7.37
25.82
21.92
24.81
14.53
Sales/Revenue/Turnover
14.00
18'000.0
12.00
16'000.0
14'000.0
10.00
12'000.0
8.00
10'000.0
6.00
8'000.0
6'000.0
4.00
4'000.0
2.00
0.00
01.01.2010
2'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
PACCAR Inc
Holdings By:
All
Holder Name
JP MORGAN
BLACKROCK
STATE STREET
BANK OF AMERICA CORP
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
DAVIS SELECTED ADVIS
FIDUCIARY MANAGEMENT
WELLINGTON MANAGEMEN
HOTCHKIS & WILEY CAP
NORTHERN TRUST CORPO
NWQ INVESTMENT MANAG
INVESCO LTD
BANK OF NEW YORK MEL
PIGOTT MARK CHARLES
NORGES BANK
PRIMECAP MANAGEMENT
FMR LLC
US BANCORP
GEODE CAPITAL MANAGE
Firm Name
RBC Capital Markets
Deutsche Bank
D.A. Davidson & Co
Robert W. Baird & Co
Sterne, Agee & Leach
BB&T Capital Markets
Barclays
EVA Dimensions
BMO Capital Markets
Goldman Sachs
Credit Suisse
JPMorgan
Jefferies
Avondale Partners LLC
Wells Fargo Securities, LLC
Piper Jaffray
Wolfe Trahan & Co
Edward Jones
Northcoast Research
McAdams Wright Ragen Inc
Portfolio Name
n/a
n/a
n/a
BANK OF AMERICA
VANGUARD GROUP INC
n/a
DAVIS SELECTED ADVIS
FIDUCIARY MANAGEMENT
WELLINGTON MANAGEMEN
HOTCHKIS AND WILEY
NORTHERN TRUST CORPO
NWQ INVESTMENT MANAG
n/a
BANK OF NEW YORK MEL
n/a
NORGES BANK
PRIMECAP MANAGEMENT
n/a
US BANCORP
GEODE CAPITAL MANAGE
Analyst
SETH R WEBER
PATRICK NOLAN
JB GROH
DAVID LEIKER
JEFFREY A KAUFFMAN
A RHEM WOOD JR
ANDY KAPLOWITZ
CRAIG STERLING
JOEL G TISS
JERRY REVICH
JAMIE L COOK
ANN DUIGNAN
STEPHEN VOLKMANN
KRISTINE KUBACKI
ANDREW M CASEY
ALEXANDER E POTTER
TIMOTHY J DENOYER
LOGAN PURK
BRIAN M RAYLE
MICHAEL ROARKE
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
Form 4
13F
13F
ULT-AGG
13F
13F
Recommendation
sector perform
hold
buy
neutral
neutral
hold
equalweight
hold
outperform
neutral/neutral
neutral
neutral
buy
market perform
outperform
overweight
underperform
hold
buy
hold
Amt Held
23'274'153
19'065'256
18'243'463
16'314'903
15'657'915
11'947'300
8'943'143
5'994'403
4'801'832
4'668'942
4'504'875
4'228'702
3'766'406
3'687'775
3'314'022
3'001'169
2'892'300
2'792'880
2'468'640
2'286'146
% Out
6.58
5.39
5.16
4.61
4.43
3.38
2.53
1.69
1.36
1.32
1.27
1.2
1.06
1.04
0.94
0.85
0.82
0.79
0.7
0.65
Weighting
Change
3
3
5
3
3
3
3
3
5
3
3
3
5
3
5
5
1
3
5
3
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
1'817'030
603'509
517'526
1'220'425
444'212
(1'332'371)
(506'101)
5'994'403
(26'056)
(2'196'600)
45'025
(651'306)
(407'964)
107'697
295
489'739
726'600
1'838'017
(2'341)
29'627
Target Price
51
50
60
50
47
#N/A N/A
47
#N/A N/A
57
53
47
47
56
46
#N/A N/A
54
37
#N/A N/A
55
60
File Dt
28.02.2013
23.04.2013
24.04.2013
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
05.03.2013
31.12.2012
31.12.2012
28.02.2013
31.03.2013
31.12.2012
Date
12 month
12 month
18 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
6 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
12.04.2013
03.04.2013
26.10.2012
30.04.2013
Paychex Inc
Paychex, Inc. provides comprehensive payroll and integrated human resource and
employee benefits outsourcing solutions for small- to medium-sized businesses
in the United States. The Company's services range from calculating payroll and
filing tax payments to administering retirement plans and workers' compensation.
Price/Volume
40
4.5 M
35
4.0 M
30
3.5 M
3.0 M
25
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (25.04.2013)
52-Week Low (21.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 28.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
PAYX UW EQUITY YTD Change
PAYX UW EQUITY YTD % CHANGE
05/2012
02/yy
36.32
29.13
527'155.00
36.13
-0.52%
24.03%
97.36%
363.9
13'147.63
0.00
0.0
0.0
316.30
12'577.03
31.05.2008
2'066.3
5.84x
908.9
13.27x
576.1
22.15x
2.0 M
15
1.5 M
10
1.0 M
.5 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.5 M
20
31.05.2009
31.05.2010
2'082.8
2'000.8
4.50x
4.97x
891.0
811.2
10.52x
12.26x
533.5
477.0
18.47x
21.08x
Profitability
LTM-4Q
31.05.2011
2'084.3
5.39x
875.1
12.83x
515.3
22.75x
31.05.2012
2'229.8
4.73x
951.7
11.09x
548.0
19.85x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
951.70
853.90
38.29%
38.58%
8.36%
35.54%
35.54%
0.34%
69.5%
43.1%
38.8%
24.6%
1.07
0.10
0.00%
0.00%
17.57
-
02/yy
2'201.0
18.86x
938.1
11.56x
543.6
20.89x
LTM
02/yy
2'292.4
19.74x
987.1
11.63x
568.8
21.09x
FY+1
4.51
0.85
325.64
22.10
22.62%
16.02%
0.852
27
2.778
630'121
813'131
840'281
FY+2
FQ+1
FQ+2
05/13 Y
05/14 Y
05/13 Q4 08/13 Q1
2'325.7
2'462.8
586.2
610.4
5.48x
5.13x
22.21x
20.68x
1'003.2
1'061.6
234.9
274.1
12.54x
11.85x
12.12x
11.94x
581.8
621.0
136.6
162.1
22.57x
21.10x
21.60x
21.23x
S&P Issuer Ratings
-0.58
0.00
0.0%
0.0%
0.34
6.96
20.77
25.42
-
Sales/Revenue/Turnover
18.00
2'500.0
16.00
2'000.0
14.00
12.00
1'500.0
10.00
8.00
1'000.0
6.00
500.0
4.00
2.00
0.00
05.06.2009
0.0
05.12.2009
05.06.2010
05.12.2010
05.06.2011
05.12.2011
05.06.2012
05.12.2012
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Paychex Inc
Holdings By:
All
Holder Name
GOLISANO BLASE THOMA
CAPITAL GROUP COMPAN
FMR LLC
BLACKROCK
BANK OF NEW YORK MEL
STATE STREET
VANGUARD GROUP INC
BANK OF AMERICA CORP
WELLS FARGO
GENERAL ELECTRIC COM
INVESCO LTD
NORTHERN TRUST CORPO
PARNASSUS INVESTMENT
MACKENZIE FINANCIAL
GOLDMAN SACHS GROUP
SELECT EQUITY GROUP
NORGES BANK
MANAGED ACCOUNT ADVI
JP MORGAN
UBS
Firm Name
RBC Capital Markets
Janney Montgomery Scott LLC
Jefferies
Sanford C. Bernstein & Co
Cowen and Company
BMO Capital Markets
Edward Jones
Wells Fargo Securities, LLC
William Blair & Co
Evercore Partners
Robert W. Baird & Co
Stifel
Credit Suisse
First Analysis Corp
JPMorgan
Raymond James
Oppenheimer & Co
Credit Agricole Securities (USA)
Barclays
Northcoast Research
Goldman Sachs
EVA Dimensions
S&P Capital IQ
Deutsche Bank
Portfolio Name
n/a
n/a
n/a
n/a
BANK OF NEW YORK MEL
n/a
VANGUARD GROUP INC
BANK OF AMERICA
n/a
GENERAL ELECTRIC COM
n/a
NORTHERN TRUST CORPO
PARNASSUS INVESTMENT
MACKENZIE FINANCIAL
GOLDMAN SACHS GROUP
SELECT EQUITY GROUP
NORGES BANK
MANAGED ACCOUNT ADVI
n/a
n/a
Analyst
DANIEL R PERLIN
JOSEPH D FORESI
JASON KUPFERBERG
RODERICK BOURGEOIS
MOSHE KATRI
JEFFREY M SILBER
JOSH OLSON
TIMOTHY W WILLI
TIMOTHY J MCHUGH
DAVID M TOGUT
MARK S MARCON
DAVID M GROSSMAN
GEORGE MIHALOS
JAMES ROBERT MACDONALD
TIEN-TSIN HUANG
MICHAEL J BAKER
GLENN GREENE
CRAIG J MAURER
GARY E BISBEE
KARTIK MEHTA
PAUL THOMAS
ANDREW S ZAMFOTIS
DYLAN CATHERS
BRYAN KEANE
Source
Form 4
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
ULT-AGG
Recommendation
sector perform
neutral
underperform
market perform
neutral
market perform
hold
market perform
outperform
equalweight
neutral
hold
neutral
equalweight
underweight
market perform
market perform
sell
underweight
neutral
neutral/neutral
overweight
hold
hold
Amt Held
37'657'753
22'407'182
21'056'674
18'938'308
17'930'447
17'132'623
14'884'715
8'970'426
7'788'270
6'532'589
5'640'812
4'605'086
3'780'000
3'711'100
3'283'336
3'166'795
2'970'094
2'915'069
2'819'076
2'649'962
% Out
10.35
6.16
5.79
5.2
4.93
4.71
4.09
2.47
2.14
1.8
1.55
1.27
1.04
1.02
0.9
0.87
0.82
0.8
0.77
0.73
Weighting
Change
3
3
1
3
3
3
3
3
5
3
3
3
3
3
1
3
3
1
1
3
3
5
3
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(21'975)
2'800'000
3'918'327
1'809'408
586'108
275'591
476'018
957'885
9'133
(302'963)
(170'531)
(27'271)
10'000
30'500
(812'816)
(511'503)
320'357
179'459
114'620
163'134
Target Price
35
35
31
29
#N/A N/A
36
#N/A N/A
#N/A N/A
#N/A N/A
34
36
#N/A N/A
35
37
34
#N/A N/A
#N/A N/A
30
32
#N/A N/A
36
#N/A N/A
35
33
File Dt
Inst Type
27.12.2012
n/a
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Corporation
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Government
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Unclassified
Date
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
6 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
Date
24.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
15.04.2013
12.04.2013
05.04.2013
02.04.2013
01.04.2013
01.04.2013
28.03.2013
28.03.2013
28.03.2013
28.03.2013
28.03.2013
28.03.2013
28.03.2013
27.03.2013
18.03.2013
15.01.2013
20.09.2012
20.07.2012
30.04.2013
Perrigo Co
Perrigo Company is a global healthcare supplier that develops, manufactures and
distributes OTC and generic prescription pharmaceuticals, infant formulas,
nutritional products, active pharmaceutical ingredients and pharmaceutical and
medical diagnostic products. The Company's primary markets and locations of
manufacturing and logistics operations are the US, UK, Mexico, and Australia.
Price/Volume
140
1.0 M
.9 M
.8 M
.7 M
.6 M
.5 M
.4 M
.3 M
.2 M
.1 M
.0 M
120
100
80
Valuation Analysis
60
06/2012
12/yy
121.10
96.53
122'425.00
120.08
-0.84%
24.40%
95.85%
93.5
11'233.12
1'369.33
0.0
1.6
602.49
12'147.46
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
20
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
40
30.06.2009
30.06.2010
2'006.9
2'268.2
1.56x
2.94x
332.4
438.5
9.44x
15.19x
144.0
223.8
14.86x
22.34x
Profitability
LTM-4Q
30.06.2011
2'755.0
3.10x
594.2
14.39x
339.2
23.52x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
3'173.2
3.72x
713.3
16.53x
401.6
26.15x
713.30
577.98
18.21%
16.13%
10.76%
23.72%
14.95%
0.79%
34.5%
23.7%
19.5%
12.7%
2.75
1.80
34.03%
73.98%
5.86
3.44
12/yy
2'959.7
12.24x
629.1
15.96x
344.9
24.02x
LTM
12/yy
3'262.6
13.66x
774.3
13.59x
443.0
20.46x
FY+1
0.27
0.79
87.99
2.74
14.83%
15.52%
0.785
19
3.789
136'409
148'354
197'353
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
03/13 Q3 06/13 Q4
3'589.8
4'040.7
935.2
996.6
3.34x
2.72x
12.51x
11.63x
901.9
1'037.4
234.5
250.6
13.47x
11.71x
12.50x
12.07x
534.3
634.8
135.9
149.1
21.27x
17.98x
19.43x
18.60x
S&P Issuer Ratings
11.02
9.16
1.18
1.77
74.0%
42.5%
0.79
5.58
62.15
105.84
54.52
97.61
Sales/Revenue/Turnover
30.00
3'500.0
25.00
3'000.0
2'500.0
20.00
2'000.0
15.00
1'500.0
10.00
1'000.0
5.00
500.0
0.00
03.07.2009
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Perrigo Co
Holdings By:
All
Holder Name
BLACKROCK
VANGUARD GROUP INC
STATE STREET
ARKIN MOSHE
FMR LLC
JENNISON ASSOCIATES
MACQUARIE GROUP
JANUS CAPITAL MANAGE
WELLINGTON MANAGEMEN
RUANE CUNNIFF & GOLD
BANK OF NEW YORK MEL
WILLIAM BLAIR & COMP
MARSICO CAPITAL MANA
HARBOR CAPITAL ADVIS
NORTHERN TRUST CORPO
TIAA CREF INVESTMENT
INVESCO LTD
SELECT EQUITY GROUP
AMERICAN CENTURY COM
AMERIPRISE FINANCIAL
Firm Name
Leerink Swann & Co
B Riley & Company, Inc
Canaccord Genuity Corp
JPMorgan
Guggenheim Securities LLC
Goldman Sachs
William Blair & Co
Morgan Stanley
CLAL Finance Betucha
Buckingham Research Group
Deutsche Bank
Needham & Co
Stifel
Barrington Research
RBC Capital Markets
EVA Dimensions
I.B.I.
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
JENNISON ASSOCIATES
n/a
n/a
WELLINGTON MANAGEMEN
RUANE CUNNIFF & GOLD
BANK OF NEW YORK MEL
WILLIAM BLAIR & COMP
MARSICO CAPITAL MANA
Multiple Portfolios
NORTHERN TRUST CORPO
TIAA-CREF INVESTMENT
n/a
SELECT EQUITY GROUP
AMERICAN CENTURY COM
AMERIPRISE FINANCIAL
Analyst
JASON M GERBERRY
LINDA BOLTON WEISER
RANDALL STANICKY
CHRISTOPHER T SCHOTT
LOUISE CHEN
JAMI E RUBIN
JON R ANDERSEN
DAVID R RISINGER
JONATHAN KREIZMAN
DAVID G BUCK
DAVID M STEINBERG
ELLIOT WILBUR
ANNABEL SAMIMY
CHARLES R JONES
SHIBANI MALHOTRA
ANDREW S ZAMFOTIS
NATALI GOTLIEB
Source
ULT-AGG
13F
ULT-AGG
13D
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
MF-AGG
13F
13F
ULT-AGG
13F
13F
13F
Recommendation
market perform
buy
buy
overweight
buy
sell/attractive
outperform
Overwt/In-Line
market perform
buy
hold
hold
buy
outperform
sector perform
hold
reduce
Amt Held
6'461'001
5'572'156
5'127'931
4'531'281
3'880'595
3'834'248
3'328'393
3'161'232
1'861'196
1'728'076
1'643'404
1'290'980
1'283'048
1'278'770
1'239'862
1'192'720
1'140'823
1'041'325
782'699
778'624
% Out
6.91
5.96
5.48
4.84
4.15
4.1
3.56
3.38
1.99
1.85
1.76
1.38
1.37
1.37
1.33
1.27
1.22
1.11
0.84
0.83
Weighting
Change
3
5
5
5
5
1
5
5
3
5
3
3
5
5
3
3
2
N
M
M
U
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
123'913
93'198
(463'579)
(834'279)
(562'479)
(241'297)
456'270
(100'236)
(13'319)
625'560
(150'075)
(107'000)
(161'001)
(18'934)
407'787
(86'938)
18'786
(242'464)
194'065
Target Price
#N/A N/A
133
128
132
135
114
#N/A N/A
125
104
145
115
#N/A N/A
125
142
111
#N/A N/A
89
File Dt
Inst Type
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
01.03.2012
n/a
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
Not Provided
12 month
6 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Date
24.04.2013
24.04.2013
23.04.2013
22.04.2013
18.04.2013
17.04.2013
11.04.2013
09.04.2013
02.04.2013
18.03.2013
12.02.2013
11.02.2013
11.02.2013
04.02.2013
01.02.2013
15.01.2013
09.05.2012
30.04.2013
priceline.com Inc
Priceline.com Incorporated enables consumers to use the Internet to save money
on a variety of products and services. The Company's product allows customers
to name their own price on products or services and communicates that demand
directly to participating sellers or to their private databases. Participants
include domestic and international airlines, and hotel chains.
Price/Volume
900
2.5 M
800
2.0 M
700
600
1.5 M
500
400
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (30.04.2012)
52-Week Low (09.08.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 11.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
PCLN UW EQUITY YTD Change
PCLN UW EQUITY YTD % CHANGE
12/2012
12/yy
772.29
553.54
213'942.00
699.43
-9.43%
26.36%
66.69%
50.1
35'013.60
1'402.34
0.0
160.3
5'183.19
31'393.03
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
200
.5 M
100
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
1.0 M
300
31.12.2009
31.12.2010
2'338.2
3'084.9
4.00x
6.00x
510.0
837.3
18.33x
22.09x
489.5
527.5
30.68x
38.09x
Profitability
LTM-4Q
31.12.2011
4'355.6
4.88x
1'452.7
14.63x
1'056.4
22.94x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'261.0
5.19x
1'894.9
14.42x
1'419.6
22.27x
1'894.93
1'829.79
34.78%
33.49%
26.94%
43.00%
33.54%
1.00%
77.6%
36.0%
34.8%
27.0%
3.89
3.80
21.35%
35.49%
16.65
-
12/yy
4'355.6
20.62x
1'452.7
14.63x
1'056.4
22.92x
LTM
12/yy
5'261.0
22.69x
1'894.9
14.42x
1'419.6
22.23x
FY+1
1.12
49.67
2.76
-8.07%
12.59%
1.121
30
4.500
147'314
145'386
153'128
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
6'511.4
7'728.2
1'275.9
1'636.4
4.70x
3.42x
25.07x
19.30x
2'471.2
2'995.2
339.7
613.1
12.70x
10.48x
12.66x
12.25x
2'012.0
2'415.5
272.6
496.8
18.09x
15.19x
18.10x
17.55x
S&P Issuer Ratings
07.03.2012
BBB
STABLE
30.53
29.64
-2.00
0.74
35.5%
25.4%
1.00
68.51
21.98
51.53
-
Sales/Revenue/Turnover
35.00
6'000.0
30.00
5'000.0
25.00
4'000.0
20.00
3'000.0
15.00
2'000.0
10.00
1'000.0
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
priceline.com Inc
Holdings By:
All
Holder Name
T ROWE PRICE ASSOCIA
BLACKROCK
STATE STREET
FMR LLC
VANGUARD GROUP INC
LONE PINE CAPITAL LL
WINSLOW CAPITAL MANA
JENNISON ASSOCIATES
SANDS CAPITAL MANAGE
WELLINGTON MANAGEMEN
JP MORGAN
AMERIPRISE FINANCIAL
INVESCO LTD
MACQUARIE GROUP
UBS
CAPITAL GROUP COMPAN
MACKAY SHIELDS LLC
WELLS FARGO
NORTHERN TRUST CORPO
JANUS CAPITAL MANAGE
Firm Name
Cantor Fitzgerald
Deutsche Bank
Stifel
Cowen and Company
Piper Jaffray
Morgan Stanley
Raymond James
Lazard Capital Markets
Atlantic Equities LLP
RBC Capital Markets
Barclays
Monness, Crespi, Hardt & Co
Evercore Partners
Tigress Financial Partners
JMP Securities
Daiwa Securities Co. Ltd.
Goldman Sachs
Credit Suisse
JPMorgan
Janney Montgomery Scott LLC
Jefferies
Macquarie
S&P Capital IQ
Benchmark Company LLC
Ascendiant Capital Markets
Pacific Crest Securities
Millman Research Associates
EVA Dimensions
Portfolio Name
T ROWE PRICE ASSOCIA
n/a
n/a
n/a
VANGUARD GROUP INC
LONE PINE CAPITAL LL
WINSLOW CAPITAL MANA
JENNISON ASSOCIATES
SANDS CAPITAL MANAGE
WELLINGTON MANAGEMEN
n/a
AMERIPRISE FINANCIAL
n/a
n/a
n/a
n/a
Multiple Portfolios
n/a
NORTHERN TRUST CORPO
n/a
Analyst
NAVED KHAN
ROSS SANDLER
MICHAEL B PURCELL
KEVIN KOPELMAN
MICHAEL J OLSON
SCOTT W DEVITT
AARON M KESSLER
JAKE FULLER
JAMES CORDWELL
MARK S MAHANEY
ANTHONY J DICLEMENTE
WILLIAM LENNAN
KEN SENA
IVAN FEINSETH
RONALD V JOSEY III
KAZUYA NISHIMURA
HEATH P TERRY
STEPHEN JU
DOUGLAS ANMUTH
BRIAN MULLAN
BRIAN P FITZGERALD
THOMAS WHITE
SCOTT H KESSLER
DANIEL L KURNOS
EDWARD WOO
CHAD BARTLEY
MICHAEL MILLMAN
CRAIG STERLING
Source
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
MF-AGG
ULT-AGG
13F
ULT-AGG
Recommendation
buy
hold
buy
outperform
overweight
Equalwt/Attractive
outperform
buy
overweight
outperform
overweight
neutral
overweight
strong buy
market outperform
neutral
buy/attractive
outperform
overweight
neutral
buy
outperform
hold
buy
buy
outperform
hold
overweight
Amt Held
4'627'871
3'812'408
2'738'745
2'501'932
2'248'778
1'770'983
1'361'625
1'174'200
1'169'858
1'115'144
987'692
976'991
924'834
862'631
858'941
839'300
763'286
724'221
664'529
572'001
% Out
9.24
7.62
5.47
5
4.49
3.54
2.72
2.35
2.34
2.23
1.97
1.95
1.85
1.72
1.72
1.68
1.52
1.45
1.33
1.14
Weighting
Change
5
3
5
5
5
3
5
5
5
5
5
3
5
5
4
3
5
5
5
3
5
5
3
5
5
5
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(287'074)
99'002
142'032
62'842
354'525
49'346
(142)
28'824
561'028
285'488
(74'602)
8'264
31'140
(130'013)
(9'778)
(117'762)
9'458
160'500
Target Price
800
745
860
#N/A N/A
800
740
840
859
840
900
775
#N/A N/A
850
#N/A N/A
850
745
825
895
835
740
820
820
875
800
875
879
785
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Unclassified
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
6 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Date
22.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
15.04.2013
15.04.2013
15.04.2013
15.04.2013
14.04.2013
12.04.2013
01.04.2013
21.03.2013
20.03.2013
19.03.2013
05.03.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
27.02.2013
26.02.2013
26.02.2013
15.01.2013
30.04.2013
QUALCOMM Inc
QUALCOMM, Inc . manufactures digital wireless communications equipment. The
Company licenses its code division multiple access (CDMA) and orthogonal
frequency division multiplexing access intellectual property to other companies,
and produces CDMA-based integrated circuits, and produces equipment and software
used to track workers and assets, and software for wireless content enablement.
Price/Volume
80
8.0 M
50
09/2012
03/yy
68.49
53.09
5'747'554.00
61.61
-10.05%
16.05%
55.32%
1'727.8
106'451.95
0.00
0.0
22.0
26'837.00
75'929.94
6.0 M
30
4.0 M
20
2.0 M
10
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
10.0 M
60
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (05.03.2013)
52-Week Low (17.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 22.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
QCOM UW EQUITY YTD Change
QCOM UW EQUITY YTD % CHANGE
30.09.2008
11'142.0
5.80x
4'186.0
15.44x
3'160.0
21.73x
12.0 M
70
30.09.2009
30.09.2010
10'416.0
10'982.0
5.46x
4.96x
3'644.0
4'393.0
15.60x
12.41x
1'592.0
3'247.0
43.40x
18.96x
Profitability
LTM-4Q
30.09.2011
14'957.0
4.32x
6'087.0
10.62x
4'260.0
16.71x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.09.2012
19'121.0
4.17x
6'579.0
12.12x
6'109.0
22.39x
6'579.00
5'682.00
29.72%
34.32%
14.02%
17.99%
17.78%
0.49%
62.9%
34.9%
30.4%
31.9%
2.95
2.61
0.00%
0.00%
14.06
7.21
LTM
03/yy
17'364.0
17.05x
6'348.0
13.95x
5'722.0
19.79x
03/yy
21'639.0
10.41x
7'549.0
0.00x
6'250.0
18.29x
FY+1
1.62
1.05
1'706.43
13.82
-1.92%
-0.29%
1.046
49
4.633
6'493'586
3'645'562
3'457'366
FY+2
FQ+1
FQ+2
09/13 Y
09/14 Y
06/13 Q3 09/13 Q4
24'498.1
27'256.7
6'045.6
6'320.7
3.42x
2.86x
13.45x
12.69x
9'204.4
10'295.1
2'088.9
2'181.9
8.25x
7.38x
7.96x
7.70x
7'964.2
8'779.2
1'827.6
1'919.9
13.58x
12.61x
13.39x
13.03x
S&P Issuer Ratings
19.12.2001
NR
73.10
58.83
-4.05
0.00
0.0%
0.0%
0.49
7.55
26.39
51.43
60.17
13.58
Sales/Revenue/Turnover
35.00
25'000.0
30.00
20'000.0
25.00
15'000.0
20.00
15.00
10'000.0
10.00
5'000.0
5.00
0.00
02.10.2009
0.0
02.04.2010
02.10.2010
02.04.2011
02.10.2011
02.04.2012
02.10.2012
02.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
QUALCOMM Inc
Holdings By:
All
Holder Name
BLACKROCK
STATE STREET
VANGUARD GROUP INC
FMR LLC
T ROWE PRICE ASSOCIA
BANK OF NEW YORK MEL
INVESCO LTD
JP MORGAN
NORTHERN TRUST CORPO
WELLS FARGO
AMERIPRISE FINANCIAL
UBS
JACOBS IRWIN MARK
GOLDMAN SACHS GROUP
PRIMECAP MANAGEMENT
TIAA CREF INVESTMENT
WELLINGTON MANAGEMEN
SANDS CAPITAL MANAGE
WINSLOW CAPITAL MANA
DEUTSCHE BANK AG
Firm Name
Deutsche Bank
D.A. Davidson & Co
Oppenheimer & Co
JMP Securities
Piper Jaffray
Barclays
BMO Capital Markets
William Blair & Co
Raymond James
Sterne, Agee & Leach
Evercore Partners
Wells Fargo Securities, LLC
Williams Financial Group
Brean Murray Carret & Co
FBR Capital Markets
RBC Capital Markets
Sanford C. Bernstein & Co
Canaccord Genuity Corp
Credit Agricole Securities (USA)
Morgan Stanley
MKM Partners
Exane BNP Paribas
Wedge Partners
Societe Generale
Nomura
Lazard Capital Markets
Pacific Crest Securities
Credit Suisse
Argus Research Corp
Edward Jones
Susquehanna Financial Group
Northland Securities Inc
Cowen and Company
Tigress Financial Partners
Scotia Capital
Berenberg Bank
S&P Capital IQ
Drexel Hamilton LLC
JPMorgan
Daiwa Securities Co. Ltd.
Goldman Sachs
Macquarie
Davenport & Co
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
T ROWE PRICE ASSOCIA
BANK OF NEW YORK MEL
n/a
n/a
NORTHERN TRUST CORPO
n/a
AMERIPRISE FINANCIAL
n/a
n/a
GOLDMAN SACHS GROUP
PRIMECAP MANAGEMENT
TIAA-CREF INVESTMENT
WELLINGTON MANAGEMEN
SANDS CAPITAL MANAGE
WINSLOW CAPITAL MANA
DEUTSCHE BANK AKTIEN
Analyst
BRIAN T MODOFF
AALOK K SHAH
ITTAI KIDRON
ALEX GAUNA
AUGUSTE P RICHARD
BLAYNE CURTIS
TIMOTHY P LONG
ANIL K DORADLA
TAVIS C MCCOURT
VIJAY R RAKESH
MARK A MCKECHNIE
DAVID M WONG
CODY G ACREE
MIKE BURTON
CHRISTOPHER ROLLAND
MARK SUE
STACY A RASGON
T MICHAEL WALKLEY
SRINI PAJJURI
EHUD A GELBLUM
DANIEL A BERENBAUM
JEROME RAMEL
BRIAN BLAIR
PETER KNOX
ROMIT SHAH
IAN ING
JAMES FAUCETTE
KULBINDER GARCHA
JAMES KELLEHER
WILLIAM C KREHER
CHRISTOPHER CASO
THOMAS SEPENZIS
MATTHEW HOFFMAN
IVAN FEINSETH
GUS PAPAGEORGIOU
ADNAAN AHMAD
JAMES G MOORMAN
RICHARD WHITTINGTON
ROD HALL
YOKO YAMADA
SIMONA JANKOWSKI
SHAWN WEBSTER
F DRAKE JOHNSTONE
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
Form 4
13F
13F
13F
13F
13F
13F
13F
Recommendation
buy
neutral
outperform
market outperform
overweight
overweight
outperform
outperform
strong buy
buy
overweight
outperform
hold
buy
outperform
outperform
outperform
buy
outperform
Overwt/Attractive
buy
outperform
no rating system
hold
buy
buy
outperform
outperform
buy
buy
Positive
outperform
outperform
strong buy
focus stock
sell
strong buy
buy
neutral
outperform
Buy/Neutral
outperform
buy
Amt Held
98'505'360
92'199'654
78'646'090
65'989'412
48'565'229
37'221'715
28'207'275
28'102'183
26'620'183
20'860'976
20'000'786
18'607'336
18'545'579
18'055'113
17'971'145
16'861'913
16'431'203
15'415'875
15'097'814
15'092'976
% Out
5.73
5.37
4.58
3.84
2.83
2.17
1.64
1.64
1.55
1.21
1.16
1.08
1.08
1.05
1.05
0.98
0.96
0.9
0.88
0.88
Weighting
Change
5
3
5
4
5
5
5
5
5
5
5
5
3
5
5
5
5
5
5
5
5
5
#N/A N/A
3
5
5
5
5
5
5
4
5
5
5
5
1
5
5
3
5
5
5
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
N
M
M
M
M
D
M
M
M
M
Latest Chg
1'057'384
2'835'660
2'470'673
(13'864'751)
(1'402'853)
(2'037'442)
(3'531'699)
3'842'992
(44'394)
(267'148)
(101'415)
(1'006'975)
(66'379)
(97'239)
(245'290)
1'737'652
(5'446'906)
(4'025'353)
(2'711'518)
3'254'562
Target Price
78
65
70
75
74
77
80
#N/A N/A
83
75
75
#N/A N/A
#N/A N/A
80
76
77
80
85
74
78
74
75
#N/A N/A
64
75
79
70
85
80
#N/A N/A
85
80
#N/A N/A
#N/A N/A
81
50
84
80
70
71
80
75
72
File Dt
23.04.2013
24.04.2013
31.03.2013
28.02.2013
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.03.2013
05.03.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
6 month
Not Provided
12 month
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
17.04.2013
16.04.2013
15.04.2013
15.04.2013
11.04.2013
09.04.2013
08.04.2013
08.04.2013
05.04.2013
02.04.2013
01.04.2013
18.03.2013
05.03.2013
05.03.2013
05.03.2013
13.02.2013
12.02.2013
04.02.2013
31.01.2013
31.01.2013
31.01.2013
30.04.2013
Price/Volume
140
1.2 M
120
1.0 M
100
.8 M
80
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (05.10.2012)
52-Week Low (17.04.2013)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 28.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
GOLD UW EQUITY YTD Change
GOLD UW EQUITY YTD % CHANGE
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
.4 M
40
.2 M
20
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
.6 M
60
12/2011
12/yy
127.27
66.55
178'428.00
81.43
-36.02%
22.36%
24.51%
92.1
7'502.30
18.02
0.0
166.1
390.76
7'295.66
31.12.2009
31.12.2010
432.8
484.6
15.50x
14.79x
142.3
164.3
47.15x
43.62x
69.4
103.5
94.26x
72.03x
Profitability
LTM-4Q
31.12.2011
1'127.1
7.97x
581.9
15.44x
383.9
24.30x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'317.8
6.59x
699.2
12.43x
431.8
20.57x
699.18
567.44
43.06%
43.12%
15.23%
17.95%
20.07%
0.46%
51.1%
53.1%
43.1%
32.8%
4.07
1.92
0.58%
0.69%
23.85
-
12/yy
1'127.1
28.37x
581.9
15.44x
383.9
24.30x
LTM
12/yy
1'317.8
26.72x
699.2
12.43x
431.8
20.57x
FY+1
0.61
0.65
0.81
-8.19%
-17.95%
0.650
10
4.400
309'794
251'036
210'536
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
1'499.3
1'937.9
321.0
339.0
4.92x
3.56x
717.8
1'102.2
10.16x
6.62x
426.5
683.4
75.3
85.0
17.44x
11.07x
20.50x
17.36x
S&P Issuer Ratings
582.65
114.09
-0.53
0.03
0.7%
0.6%
0.46
0.87
15.35
136.09
Sales/Revenue/Turnover
160.00
1'400.0
140.00
1'200.0
120.00
1'000.0
100.00
800.0
80.00
600.0
60.00
400.0
40.00
200.0
20.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
BLACKROCK
VAN ECK ASSOCIATES C
WELLS FARGO
FMR LLC
CARMIGNAC GESTION
FRANKLIN RESOURCES
AGF INVESTMENTS INC
MACKENZIE FINANCIAL
FIRST EAGLE INVESTME
JENNISON ASSOCIATES
JP MORGAN
TOCQUEVILLE ASSET MA
PAULSON & CO
INVESCO LTD
GAMCO
OPPENHEIMERFUNDS INC
ASA BERMUDA LIMITED
RENAISSANCE TECHNOLO
NIKKO ASSET MANAGEME
AMERICAN CENTURY COM
Firm Name
Scotia Capital
BMO Capital Markets
Dundee Securities Corp
Canaccord Genuity Corp
HSBC
Clarus Securities
EVA Dimensions
S&P Capital IQ
GARP Research
Portfolio Name
n/a
n/a
n/a
n/a
CARMIGNAC GESTION
n/a
AGF INVESTMENTS INC
MACKENZIE FINANCIAL
FIRST EAGLE INVESTME
JENNISON ASSOCIATES
n/a
TOCQUEVILLE ASSET MA
PAULSON & CO
n/a
n/a
OPPENHEIMER FUNDS IN
ASA BERMUDA LIMITED
RENAISSANCE TECHNOLO
n/a
AMERICAN CENTURY COM
Analyst
TANYA M JAKUSCONEK
ANDREW BREICHMANAS
JOSH WOLFSON
TIM DUDLEY
PATRICK CHIDLEY
NANA SANGMUAH
CRAIG STERLING
LEO LARKIN
SETH DADDS
Source
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
Recommendation
sector perform
outperform
buy
buy
overweight
buy
underweight
buy
buy
Amt Held
8'507'723
6'627'558
6'013'791
4'049'382
3'917'000
1'651'613
1'639'811
1'487'200
1'264'736
1'013'740
968'495
952'220
930'502
821'510
818'535
656'494
444'700
399'700
386'300
385'000
% Out
9.23
7.19
6.53
4.4
4.25
1.79
1.78
1.61
1.37
1.1
1.05
1.03
1.01
0.89
0.89
0.71
0.48
0.43
0.42
0.42
Weighting
Change
3
5
5
5
5
5
1
5
5
M
U
M
M
M
M
M
M
M
Latest Chg
(58'564)
365'169
394'983
(992'666)
3'917'000
(232'819)
442'950
954'000
(96'778)
(224'221)
(175'960)
(72'716)
1'320
30'000
171'000
65'300
-
Target Price
94
100
105
133
120
120
#N/A N/A
125
#N/A N/A
File Dt
23.04.2013
23.04.2013
28.02.2013
28.02.2013
31.12.2012
31.01.2013
31.03.2013
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.03.2013
Date
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Hedge Fund Manager
Unclassified
Investment Advisor
Date
23.04.2013
14.04.2013
12.04.2013
11.04.2013
03.04.2013
01.04.2013
28.03.2013
16.11.2012
10.08.2012
30.04.2013
Price/Volume
250
200
150
Valuation Analysis
100
12/2012
12/yy
220.90
107.33
183'191.00
215.48
-2.45%
100.76%
95.23%
95.4
21'007.36
455.95
0.0
0.0
579.33
20'883.99
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
50
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.0 M
1.8 M
1.6 M
1.4 M
1.2 M
1.0 M
.8 M
.6 M
.4 M
.2 M
.0 M
31.12.2009
31.12.2010
379.3
459.1
4.43x
5.39x
(59.9)
(77.8)
(67.8)
(104.5)
Profitability
LTM-4Q
31.12.2011
445.8
10.71x
(174.1)
(221.8)
-
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'378.5
11.98x
494.7
33.40x
750.3
25.34x
494.65
457.71
33.20%
30.06%
44.08%
86.68%
0.81%
93.9%
35.9%
33.2%
54.4%
7.37
6.12
21.92%
36.61%
3.46
-
12/yy
445.8
40.93x
(174.1)
0.00x
(221.8)
0.00x
LTM
12/yy
1'378.5
38.30x
494.7
33.40x
750.3
25.88x
FY+1
0.00
0.81
77.37
4.18
59.31%
25.96%
0.809
19
4.053
219'039
220'958
227'874
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
1'885.9
2'361.7
424.3
457.3
10.48x
7.94x
748.5
1'114.8
160.0
179.8
27.90x
18.73x
27.32x
646.3
909.9
150.9
163.7
41.09x
31.57x
36.45x
S&P Issuer Ratings
10.92
9.83
-0.25
0.92
36.6%
26.8%
0.81
3.69
105.69
144.46
-
Sales/Revenue/Turnover
70.00
1'600.0
60.00
1'400.0
1'200.0
50.00
1'000.0
40.00
800.0
30.00
600.0
20.00
400.0
10.00
200.0
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
SANOFI AVENTIS
FMR LLC
CAPITAL GROUP COMPAN
T ROWE PRICE ASSOCIA
BLACKROCK
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
STATE STREET
SANDS CAPITAL MANAGE
ARTISAN PARTNERS HOL
JP MORGAN
YANCOPOULOS GEORGE D
BANK OF NEW YORK MEL
INVESCO LTD
TOUCHSTONE ADVISORS
AMERICAN CENTURY COM
JANUS CAPITAL MANAGE
DEUTSCHE BANK AG
PINNACLE ASSOCIATES
NORTHERN TRUST CORPO
Firm Name
BMO Capital Markets
Robert W. Baird & Co
JPMorgan
Goldman Sachs
RBC Capital Markets
Jefferies
Credit Suisse
Leerink Swann & Co
Barclays
JMP Securities
Lazard Capital Markets
Roth Capital Partners
EVA Dimensions
Brean Murray Carret & Co
Cowen and Company
Piper Jaffray
Deutsche Bank
Portfolio Name
n/a
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
n/a
SANDS CAPITAL MANAGE
ARTISAN PARTNERS LP
n/a
n/a
BANK OF NEW YORK MEL
n/a
Multiple Portfolios
AMERICAN CENTURY COM
n/a
DEUTSCHE BANK AKTIEN
PINNACLE ASSOCIATES
NORTHERN TRUST CORPO
Analyst
JIM BIRCHENOUGH
CHRISTOPHER J RAYMOND
GEOFFREY MEACHAM
TERENCE FLYNN
ADNAN BUTT
BIREN AMIN
JASON KANTOR
JOSEPH P SCHWARTZ
YING HUANG
JOHN L NEWMAN
JOSHUA SCHIMMER
JOSEPH PANTGINIS
ANDREW S ZAMFOTIS
JONATHAN M ASCHOFF
PHILIP NADEAU
EDWARD A TENTHOFF
ROBYN KARNAUSKAS
Source
Form 4
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
Form 4
13F
ULT-AGG
MF-AGG
13F
ULT-AGG
13F
13F
13F
Recommendation
outperform
outperform
neutral
buy/attractive
outperform
hold
outperform
outperform
overweight
market perform
neutral
buy
hold
hold
neutral
neutral
buy
Amt Held
15'816'953
14'104'017
13'171'840
6'746'671
5'977'244
3'857'640
3'750'109
3'368'977
3'223'869
3'119'564
2'525'132
1'122'864
1'096'039
1'029'377
870'000
860'833
803'814
795'113
766'916
765'640
% Out
16.58
14.79
13.81
7.07
6.27
4.04
3.93
3.53
3.38
3.27
2.65
1.18
1.15
1.08
0.91
0.9
0.84
0.83
0.8
0.8
Weighting
Change
5
5
3
5
5
3
5
5
5
3
3
5
3
3
3
3
5
M
M
M
M
M
M
M
M
M
N
M
M
U
M
M
M
M
Latest Chg
1'017'401
3'344'742
(1'764'400)
(618'760)
(228'913)
1'232'468
20'621
(610'504)
36'747
460'591
50'846
348'085
964'817
42'000
458'199
(153'262)
(5'936)
(154'017)
70'587
Target Price
192
220
200
230
230
179
187
#N/A N/A
194
#N/A N/A
#N/A N/A
200
#N/A N/A
#N/A N/A
#N/A N/A
140
190
File Dt
13.10.2010
28.02.2013
31.03.2013
31.12.2012
23.04.2013
31.12.2012
31.03.2013
24.04.2013
31.12.2012
31.12.2012
31.12.2012
19.12.2012
31.03.2013
31.12.2012
31.01.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
6 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Inst Type
Corporation
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
23.04.2013
22.04.2013
19.04.2013
17.04.2013
17.04.2013
17.04.2013
03.04.2013
03.04.2013
03.04.2013
28.03.2013
03.03.2013
19.02.2013
15.02.2013
14.02.2013
14.02.2013
14.02.2013
25.10.2012
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (20.08.2012)
52-Week Low (27.12.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 14.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
ROST UW EQUITY YTD Change
ROST UW EQUITY YTD % CHANGE
01/2013
02/yy
70.82
52.02
668'015.00
65.72
-7.20%
26.34%
72.87%
220.0
14'459.64
150.00
0.0
0.0
647.85
13'961.79
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
4.0 M
70
3.5 M
60
3.0 M
50
2.5 M
40
2.0 M
30
1.5 M
20
1.0 M
10
.5 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
80
31.01.2010
31.01.2011
7'184.2
7'866.1
0.70x
0.90x
885.2
1'067.3
5.68x
6.60x
442.8
554.8
12.97x
14.14x
Profitability
LTM-4Q
31.01.2012
8'608.3
1.29x
1'223.4
9.07x
657.2
17.86x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
9'721.1
1.30x
1'457.2
8.66x
786.8
16.84x
1'457.24
1'271.75
13.08%
13.01%
22.57%
48.27%
44.44%
2.79%
27.9%
15.0%
13.1%
8.1%
1.43
0.50
4.09%
8.49%
176.00
5.99
LTM
01/yy
8'608.3
4.32x
1'223.4
9.07x
657.2
17.86x
02/yy
9'721.1
5.52x
1'457.2
8.66x
786.8
16.84x
FY+1
0.64
0.85
213.77
2.40
7.74%
21.72%
0.849
28
4.107
552'504
706'590
745'199
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
10'278.2
10'995.4
2'523.1
2'505.0
1.36x
1.28x
5.54x
5.59x
1'586.9
1'733.4
428.6
383.1
8.80x
8.05x
8.73x
8.43x
836.0
911.9
228.4
199.6
17.03x
15.13x
17.01x
16.43x
S&P Issuer Ratings
08.06.2011
BBB+
POS
127.83
90.60
-0.34
0.10
8.5%
7.8%
2.79
7.11
2.11
61.89
41.05
22.94
Sales/Revenue/Turnover
20.00
12'000.0
18.00
10'000.0
16.00
14.00
8'000.0
12.00
6'000.0
10.00
8.00
4'000.0
6.00
4.00
2'000.0
2.00
0.00
05.02.2010
0.0
05.08.2010
05.02.2011
05.08.2011
05.02.2012
05.08.2012
05.02.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
All
Holder Name
FMR LLC
BLACKROCK
VANGUARD GROUP INC
STATE STREET
JANUS CAPITAL MANAGE
T ROWE PRICE ASSOCIA
WINSLOW CAPITAL MANA
INVESCO LTD
JP MORGAN
AMERIPRISE FINANCIAL
BANK OF NEW YORK MEL
MACKAY SHIELDS LLC
NORTHERN TRUST CORPO
ORBAN GEORGE P
JENNISON ASSOCIATES
RENAISSANCE TECHNOLO
PIONEER INVESTMENT M
WELLS FARGO
SUN LIFE FINANCIAL I
AKRE CAPITAL MANAGEM
Firm Name
Cowen and Company
Deutsche Bank
EVA Dimensions
Johnson Rice & Co
Northcoast Research
JPMorgan
William Blair & Co
FBR Capital Markets
Sterne, Agee & Leach
BMO Capital Markets
RBC Capital Markets
Jefferies
Stifel
Avondale Partners LLC
Canaccord Genuity Corp
MKM Partners
Crowell, Weedon & Co
ISI Group
Morgan Stanley
Buckingham Research Group
Wells Fargo Securities, LLC
Telsey Advisory Group
Credit Suisse
Piper Jaffray
CL King & Associates
S&P Capital IQ
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
T ROWE PRICE ASSOCIA
WINSLOW CAPITAL MANA
n/a
n/a
AMERIPRISE FINANCIAL
BANK OF NEW YORK MEL
Multiple Portfolios
NORTHERN TRUST CORPO
n/a
JENNISON ASSOCIATES
RENAISSANCE TECHNOLO
PIONEER INVESTMENT M
n/a
n/a
AKRE CAPITAL MANAGEM
Analyst
JOHN KERNAN
MICHAEL BAKER
CRAIG STERLING
DAVID M MANN
JEFFERY STEIN
BRIAN J TUNICK
DANIEL H HOFKIN
DUTCH FOX
IKE BORUCHOW
JOHN D MORRIS
HOWARD TUBIN
RANDAL J KONIK
RICHARD E JAFFE
MARK K MONTAGNA
LAURA A CHAMPINE
PATRICK G MCKEEVER JR
SCOTT M SWANSON
OMAR SAAD
KIMBERLY GREENBERGER
DAVID J GLICK
EVREN DOGAN KOPELMAN
DANA TELSEY
MICHAEL B EXSTEIN
ALEX J FUHRMAN
MORRY BROWN
JASON ASAEDA
Source
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
13F
MF-AGG
13F
Form 4
13F
13F
13F
ULT-AGG
ULT-AGG
13F
Recommendation
outperform
buy
overweight
overweight
neutral
neutral
outperform
outperform
neutral
market perform
sector perform
hold
hold
market outperform
hold
buy
buy
buy
Equalwt/Cautious
neutral
market perform
no rating system
outperform
overweight
buy
buy
Amt Held
28'175'226
18'958'928
14'602'666
11'829'543
7'836'463
7'065'366
5'910'719
5'480'551
3'774'122
3'661'156
3'403'052
3'241'246
2'977'172
2'740'802
2'716'295
2'597'864
2'509'699
1'967'863
1'961'993
1'937'709
% Out
12.81
8.62
6.64
5.38
3.56
3.21
2.69
2.49
1.72
1.66
1.55
1.47
1.35
1.25
1.23
1.18
1.14
0.89
0.89
0.88
Weighting
Change
5
5
5
5
3
3
5
5
3
3
3
3
3
4
3
5
5
5
3
3
3
#N/A N/A
5
5
5
5
N
M
D
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(501'655)
2'286'635
3'124'486
(19'757)
410'306
243'294
3'854'546
(770'001)
2'969'271
(361'361)
(446'572)
(743'522)
13'659
(16'000)
333'564
612'200
957'912
(317'638)
13'874
(10'813)
Target Price
#N/A N/A
66
#N/A N/A
#N/A N/A
#N/A N/A
67
#N/A N/A
69
60
58
67
55
#N/A N/A
76
66
68
70
70
#N/A N/A
60
#N/A N/A
64
68
71
70
64
File Dt
Inst Type
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
28.03.2013
n/a
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
Not Provided
12 month
Not Provided
Not Provided
Not Provided
6 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Date
22.04.2013
19.04.2013
17.04.2013
16.04.2013
15.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
11.04.2013
25.03.2013
24.03.2013
22.03.2013
22.03.2013
22.03.2013
22.03.2013
21.03.2013
21.03.2013
20.03.2013
15.03.2013
30.04.2013
SanDisk Corp
SanDisk Corporation designs, develops, and manufactures data storage solutions
in a variety of form factors using our flash memory, proprietary controller and
firmware technologies. The Company's solutions include removable cards,
embedded products, universal serial bus, or USB, drives, digital media players,
wafers and components.
Price/Volume
70
8.0 M
60
7.0 M
6.0 M
50
5.0 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (12.04.2013)
52-Week Low (01.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
SNDK UW EQUITY YTD Change
SNDK UW EQUITY YTD % CHANGE
12/2012
03/yy
58.90
31.00
811'689.00
54.17
-8.03%
74.74%
83.05%
241.8
13'100.87
1'696.62
0.0
(4.3)
5'711.44
8'625.94
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
31.12.2009
31.12.2010
3'566.8
4'826.8
1.30x
1.69x
750.1
1'688.4
6.16x
4.83x
415.3
1'300.1
16.19x
9.17x
Profitability
2.0 M
10
1.0 M
0
a-12
.0 M
m-12
LTM-4Q
31.12.2011
5'662.1
1.40x
1'807.0
4.38x
987.0
12.36x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'052.5
1.24x
1'113.3
5.65x
417.4
25.11x
1'113.26
696.10
13.78%
12.41%
4.60%
6.54%
5.64%
0.51%
33.3%
23.4%
14.6%
8.3%
2.45
1.84
16.41%
23.36%
12.94
4.53
04/yy
5'573.5
5.18x
1'665.3
4.94x
877.3
13.85x
j-12
j-12
a-12
s-12
LTM
03/yy
5'187.7
5.21x
1'215.0
7.26x
469.2
28.77x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
1.45
237.91
9.36
46.37%
24.36%
1.455
37
4.270
1'033'834
1'234'485
1'105'220
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
5'770.4
6'330.5
1'385.6
1'475.2
1.85x
1.59x
7.72x
7.19x
1'731.9
1'931.8
380.0
435.2
4.98x
4.47x
4.98x
4.85x
976.8
1'137.4
220.9
264.7
13.45x
11.63x
12.93x
12.50x
S&P Issuer Ratings
20.12.2011
BB
STABLE
9.30
5.22
-3.68
1.42
23.4%
18.9%
0.51
9.33
28.14
80.43
26.09
90.02
Sales/Revenue/Turnover
30.00
6'000.0
25.00
5'000.0
20.00
4'000.0
15.00
3'000.0
10.00
2'000.0
5.00
1'000.0
0.00
08.01.2010
3.0 M
20
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
4.0 M
30
0.0
08.07.2010
08.01.2011
08.07.2011
08.01.2012
08.07.2012
08.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
SanDisk Corp
Holdings By:
All
Holder Name
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
BLACKROCK
STATE STREET
CLEARBRIDGE INVESTME
FMR LLC
PRIMECAP MANAGEMENT
BANK OF NEW YORK MEL
MORGAN STANLEY
WELLINGTON MANAGEMEN
VIKING GLOBAL INVEST
LEGG MASON INC
KENSICO CAPITAL MANA
EDINBURGH PARTNERS L
DISCOVERY CAPITAL MA
NEUBERGER BERMAN LLC
NORTHERN TRUST CORPO
HARARI ELI
NORGES BANK
INVESCO LTD
Firm Name
Cowen and Company
Sterne, Agee & Leach
BMO Capital Markets
Robert W. Baird & Co
Susquehanna Financial Group
Sanford C. Bernstein & Co
MKM Partners
Morgan Stanley
RBC Capital Markets
Argus Research Corp
Credit Suisse
JPMorgan
Needham & Co
Pacific Crest Securities
Wedbush
Macquarie
B Riley & Company, Inc
Stifel
Nomura
S&P Capital IQ
Gabelli & Co
Lazard Capital Markets
Cross Research
Piper Jaffray
Credit Agricole Securities (USA)
Deutsche Bank
Goldman Sachs
Jefferies
Raymond James
Wedge Partners
Tigress Financial Partners
EVA Dimensions
JMP Securities
BOE Securities
Portfolio Name
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
n/a
n/a
CLEARBRIDGE INVESTME
n/a
PRIMECAP MANAGEMENT
BANK OF NEW YORK MEL
n/a
WELLINGTON MANAGEMEN
VIKING GLOBAL INVEST
Multiple Portfolios
KENSICO CAPITAL MANA
EDINBURGH PARTNERS L
DISCOVERY CAPITAL MA
NEUBERGER BERMAN GRO
NORTHERN TRUST CORPO
n/a
NORGES BANK
n/a
Analyst
TIMOTHY M ARCURI
VIJAY R RAKESH
AMBRISH SRIVASTAVA
TRISTAN GERRA
MEHDI HOSSEINI
MARK C NEWMAN
DANIEL A BERENBAUM
JOSEPH MOORE
DOUG FREEDMAN
JAMES KELLEHER
JOHN W PITZER
HARLAN SUR
RAJVINDRA S. GILL
MONIKA GARG
BETSY VAN HEES
DEEPON NAG
CRAIG ELLIS
KEVIN E CASSIDY
SIDNEY HO
ANGELO ZINO
HENDI SUSANTO
DANIEL L AMIR
STEVEN B FOX
JAGADISH IYER
RYAN GOODMAN
BOB GUJAVARTY
JAMES SCHNEIDER
SUNDEEP BAJIKAR
HANS C MOSESMANN
JUN ZHANG
IVAN FEINSETH
ANDREW S ZAMFOTIS
ALEX GAUNA
BINDAL PARIKH TOTLANI
Source
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
MF-AGG
13F
13F
13F
13F
13F
Form 5
13F
ULT-AGG
Recommendation
neutral
buy
market perform
neutral
Positive
outperform
neutral
Overwt/In-Line
outperform
buy
outperform
neutral
buy
outperform
outperform
outperform
buy
buy
buy
buy
buy
buy
buy
overweight
underperform
hold
buy/attractive
buy
outperform
no rating system
strong buy
sell
market perform
buy
Amt Held
14'891'117
13'772'396
12'829'262
12'710'910
10'649'095
9'770'368
7'073'816
6'317'320
5'720'676
4'819'428
4'482'305
4'451'294
4'244'000
4'052'309
3'585'900
3'510'069
3'388'893
3'283'017
2'897'220
2'626'387
% Out
6.16
5.69
5.3
5.26
4.4
4.04
2.92
2.61
2.37
1.99
1.85
1.84
1.75
1.68
1.48
1.45
1.4
1.36
1.2
1.09
Weighting
Change
3
5
3
3
4
5
3
5
5
5
5
3
5
5
5
5
5
5
5
5
5
5
5
5
1
3
5
5
5
#N/A N/A
5
1
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
Latest Chg
746'367
(4'813'870)
(4'530'556)
123'490
173'278
(2'966'151)
147'100
823'506
389'070
3'542'305
41'763
1'084'200
(458'751)
2'131'900
(259'067)
(38'398)
(3'685'038)
(245'762)
Target Price
#N/A N/A
70
59
55
77
75
47
60
65
65
75
56
70
66
66
65
67
65
60
70
#N/A N/A
67
65
72
58
50
60
70
64
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
46
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
02.01.2011
n/a
31.12.2012
Government
31.12.2012
Investment Advisor
Date
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
6 month
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
6 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Date
25.04.2013
24.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
15.04.2013
09.04.2013
01.02.2013
17.10.2012
01.08.2012
30.04.2013
Price/Volume
90
2.5 M
80
2.0 M
70
60
1.5 M
50
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (25.04.2013)
52-Week Low (18.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 15.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
SBAC UW EQUITY YTD Change
SBAC UW EQUITY YTD % CHANGE
12/2012
12/yy
78.86
49.37
534'408.00
77.87
-1.26%
57.73%
96.64%
127.3
9'911.58
5'356.10
0.0
11.7
238.57
15'148.98
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
20
31.12.2009
31.12.2010
555.5
626.6
11.38x
11.93x
322.2
369.0
19.62x
20.25x
(140.9)
(194.7)
Profitability
0
a-12
.0 M
m-12
LTM-4Q
31.12.2011
698.2
11.49x
432.4
18.56x
(126.5)
-
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
954.1
14.82x
602.4
23.47x
(181.0)
602.43
193.96
20.33%
-18.56%
-3.43%
-37.81%
0.20%
70.7%
62.5%
20.4%
-19.0%
0.43
0.32
81.21%
820.24%
29.29
13.54
12/yy
698.2
42.53x
432.4
18.56x
(126.5)
0.00x
j-12
j-12
a-12
s-12
LTM
12/yy
954.1
47.67x
479.3
0.00x
(181.0)
0.00x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
0.00
0.81
125.97
17.08
44.90%
9.65%
0.810
21
4.619
592'447
454'798
527'567
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
1'226.3
1'311.5
304.5
305.9
12.35x
11.74x
50.19x
49.80x
762.8
835.9
188.1
191.5
19.86x
18.12x
19.48x
18.99x
(112.3)
(28.1)
(28.0)
(24.9)
S&P Issuer Ratings
10.04.2012
B+
STABLE
3.07
2.49
7.80
7.99
820.2%
89.0%
0.20
0.51
12.46
27.04
25.93
12.85
Sales/Revenue/Turnover
30.00
1'200.0
25.00
1'000.0
20.00
800.0
15.00
600.0
10.00
400.0
5.00
200.0
0.00
01.01.2010
.5 M
10
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
1.0 M
30
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
BLACKROCK
VANGUARD GROUP INC
WINSLOW CAPITAL MANA
GOLDMAN SACHS GROUP
TIMESSQUARE CAPITAL
BAMCO INC
JENNISON ASSOCIATES
COLUMBIA WANGER ASSE
WELLS FARGO
MACKAY SHIELDS LLC
AMERICAN CENTURY COM
CITADEL ADVISORS LLC
INVESCO LTD
WILLIAM BLAIR & COMP
TIAA CREF INVESTMENT
PRUDENTIAL FINANCIAL
FRANKLIN RESOURCES
POINTSTATE CAPITAL
STATE STREET
Firm Name
Stifel
Wells Fargo Securities, LLC
Deutsche Bank
Evercore Partners
Cowen and Company
Canaccord Genuity Corp
Pacific Crest Securities
Morgan Stanley
Raymond James
Nomura
RBC Capital Markets
Macquarie
Piper Jaffray
JPMorgan
Atlantic Equities LLP
New Street Research
Goldman Sachs
EVA Dimensions
S&P Capital IQ
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
WINSLOW CAPITAL MANA
GOLDMAN SACHS GROUP
TIMESSQUARE CAPITAL
BAMCO INC
JENNISON ASSOCIATES
COLUMBIA WANGER ASSE
n/a
Multiple Portfolios
AMERICAN CENTURY COM
CITADEL ADVISORS LLC
n/a
WILLIAM BLAIR & COMP
TIAA-CREF INVESTMENT
n/a
n/a
POINTSTATE CAPITAL L
n/a
Analyst
BEN LOWE
JENNIFER M FRITZSCHE
BRETT FELDMAN
JONATHAN SCHILDKRAUT
COLBY SYNESAEL
GREGORY MILLER
MICHAEL BOWEN
SIMON FLANNERY
RICHARD H PRENTISS JR
MICHAEL L MCCORMACK
JONATHAN ATKIN
KEVIN SMITHEN
CHRISTOPHER M LARSEN
PHILIP CUSICK
CHRISTOPHER WATTS
JONATHAN CHAPLIN
JASON ARMSTRONG
ANDREW S ZAMFOTIS
JAMES G MOORMAN
Source
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
MF-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
Recommendation
buy
outperform
buy
overweight
outperform
buy
outperform
Overwt/In-Line
strong buy
buy
top pick
neutral
overweight
overweight
neutral
buy
buy/attractive
sell
buy
Amt Held
12'208'555
6'537'284
6'423'483
6'338'878
6'263'342
5'682'550
5'501'746
5'253'590
4'427'000
3'568'725
3'512'052
3'393'359
3'289'965
3'083'619
2'946'325
2'928'535
2'758'383
2'745'060
2'522'500
2'434'963
% Out
9.59
5.14
5.05
4.98
4.92
4.46
4.32
4.13
3.48
2.8
2.76
2.67
2.58
2.42
2.31
2.3
2.17
2.16
1.98
1.91
Weighting
Change
5
5
5
5
5
5
5
5
5
5
5
3
5
5
3
5
5
1
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
140'821
681'245
535'358
81'285
(53'029)
(617'000)
(178'257)
1'508'618
(30'000)
(84'327)
(4'470)
(810'844)
1'631'825
1'352'937
(875'071)
404'165
112'092
(153'405)
1'373'100
134'740
Target Price
83
#N/A N/A
85
83
#N/A N/A
85
98
77
81
85
85
77
83
80
73
75
78
#N/A N/A
84
File Dt
Inst Type
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.01.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
24.04.2013
Investment Advisor
Date
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
6 month
12 month
Not Provided
12 month
Not Provided
12 month
Date
24.04.2013
23.04.2013
16.04.2013
16.04.2013
16.04.2013
14.04.2013
08.04.2013
05.04.2013
04.04.2013
04.04.2013
03.04.2013
13.03.2013
26.02.2013
22.02.2013
22.02.2013
21.02.2013
22.01.2013
15.01.2013
02.01.2013
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (23.01.2013)
52-Week Low (01.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 24.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
STX UW EQUITY YTD Change
STX UW EQUITY YTD % CHANGE
06/2012
12/yy
37.94
21.62
1'120'731.00
36.22
-4.53%
67.53%
89.46%
358.9
12'997.96
2'863.00
0.0
0.0
2'118.00
13'957.96
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
40.0 M
35
35.0 M
30
30.0 M
25
25.0 M
20
20.0 M
15
15.0 M
10
10.0 M
5.0 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
40
30.06.2009
30.06.2010
9'805.0
11'395.0
0.63x
0.54x
796.0
2'643.0
7.82x
2.34x
(3'125.0)
1'609.0
4.12x
Profitability
LTM-4Q
30.06.2011
10'971.0
0.67x
1'578.0
4.63x
511.0
14.10x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
14'939.0
0.71x
3'926.0
2.68x
2'862.0
3.80x
3'926.00
3'112.00
20.83%
19.29%
36.10%
101.41%
56.94%
1.82%
31.4%
26.4%
21.1%
19.2%
1.86
1.31
28.33%
81.87%
9.97
13.71
LTM
12/yy
11'560.0
2.36x
1'968.0
4.23x
915.0
7.42x
12/yy
16'332.0
2.89x
4'319.0
2.70x
3'233.0
3.96x
FY+1
4.20
1.36
310.27
28.88
21.81%
18.83%
1.359
28
3.000
1'557'411
1'435'396
1'612'663
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
03/13 Q3 06/13 Q4
14'125.9
13'694.8
3'384.8
3'349.3
0.98x
0.96x
3.80x
3.78x
3'100.5
2'955.5
698.0
696.7
4.50x
4.72x
4.64x
4.52x
1'972.4
1'824.7
422.9
426.9
6.99x
6.69x
7.13x
6.85x
S&P Issuer Ratings
07.03.2011
BB+
STABLE
16.29
13.65
0.22
0.65
81.9%
45.0%
1.82
7.36
36.50
26.55
51.46
1.17
Sales/Revenue/Turnover
12.00
16'000.0
14'000.0
10.00
12'000.0
8.00
10'000.0
8'000.0
6.00
6'000.0
4.00
4'000.0
2.00
0.00
03.07.2009
2'000.0
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
SAMSUNG ELECTRONICS
FMR LLC
LEGG MASON INC
VANGUARD GROUP INC
CLEARBRIDGE INVESTME
STATE STREET
BLACKROCK
BANK OF NEW YORK MEL
ALKEN ASSET MANAGEME
LSV ASSET MANAGEMENT
GREENLIGHT CAPITAL I
NORGES BANK
FIRST TRUST
INVESCO LTD
ROBECO INVESTMENT MG
BRANDES INVESTMENT P
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
BARCLAYS PLC
JANUS CAPITAL MANAGE
Firm Name
BMO Capital Markets
Brean Murray Carret & Co
Deutsche Bank
Lazard Capital Markets
Wells Fargo Securities, LLC
Evercore Partners
RBC Capital Markets
Pacific Crest Securities
Cross Research
Goldman Sachs
Longbow Research
Tigress Financial Partners
Daiwa Securities Co. Ltd.
Stifel
Barclays
Argus Research Corp
Morgan Stanley
JPMorgan
Needham & Co
Robert W. Baird & Co
Noble Financial Group
S&P Capital IQ
Craig-Hallum Capital Group LLC
Credit Agricole Securities (USA)
FBN Securities
EVA Dimensions
Wedge Partners
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
CLEARBRIDGE INVESTME
n/a
n/a
BANK OF NEW YORK MEL
ALKEN ASSET MANAGEME
LSV ASSET MANAGEMENT
GREENLIGHT CAPITAL I
NORGES BANK
n/a
n/a
ROBECO INVESTMENT MA
BRANDES INVESTMENT P
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
n/a
n/a
Analyst
KEITH F BACHMAN
ANANDA BARUAH
SHERRI SCRIBNER
EDWARD PARKER
MAYNARD UM
ROBERT CIHRA
AMIT DARYANANI
MONIKA GARG
STEVEN B FOX
WILLIAM C SHOPE JR
JOE WITTINE
IVAN FEINSETH
YOKO YAMADA
AARON C RAKERS
BENJAMIN A REITZES
JAMES KELLEHER
KATHRYN HUBERTY
MARK A MOSKOWITZ
RICHARD J KUGELE
JAYSON NOLAND SR
MARK S MILLER
ANGELO ZINO
CHRISTIAN SCHWAB
AVI SILVER
SHEBLY SEYRAFI
ANDREW S ZAMFOTIS
KIRK ADAMS
Source
Form 3
ULT-AGG
RNS-MAJ
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
ULT-AGG
Recommendation
market perform
buy
hold
buy
market perform
equalweight
sector perform
sector perform
hold
neutral/cautious
neutral
buy
neutral
hold
underweight
hold
Equalwt/In-Line
underweight
hold
neutral
hold
sell
buy
underperform
sector perform
buy
no rating system
Amt Held
45'239'490
31'929'428
23'472'945
22'207'018
19'056'988
16'935'803
16'336'113
10'561'142
10'475'583
9'401'857
8'370'896
7'870'096
6'463'432
6'463'429
5'381'133
4'189'394
4'022'832
3'744'195
3'325'324
3'306'052
% Out
12.61
8.9
6.54
6.19
5.31
4.72
4.55
2.94
2.92
2.62
2.33
2.19
1.8
1.8
1.5
1.17
1.12
1.04
0.93
0.92
Weighting
Change
3
5
3
5
3
3
3
3
3
3
3
5
3
3
1
3
3
1
3
3
3
1
5
1
3
5
#N/A N/A
M
M
M
M
M
M
M
M
M
M
M
N
U
M
D
M
M
M
M
M
M
M
M
M
D
M
M
Latest Chg
(771'386)
(648'827)
(357'691)
(1'057'086)
500'926
1'670'291
38'814
(546'100)
(8'217'244)
4'757'641
(1'143)
(907'092)
(866'533)
3'049'571
2'460'369
(142'206)
2'707'096
(298'500)
Target Price
35
39
40
42
#N/A N/A
36
35
#N/A N/A
39
29
#N/A N/A
#N/A N/A
36
#N/A N/A
29
#N/A N/A
#N/A N/A
20
#N/A N/A
35
25
31
40
35
40
#N/A N/A
#N/A N/A
File Dt
Inst Type
27.01.2012
Corporation
28.02.2013
Investment Advisor
22.11.2010
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Government
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
6 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
6 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
Date
24.04.2013
22.04.2013
19.04.2013
17.04.2013
16.04.2013
15.04.2013
12.04.2013
05.04.2013
03.04.2013
02.04.2013
01.04.2013
15.03.2013
13.03.2013
06.02.2013
31.01.2013
30.01.2013
29.01.2013
29.01.2013
29.01.2013
29.01.2013
29.01.2013
29.01.2013
29.01.2013
29.01.2013
29.01.2013
15.01.2013
14.01.2013
30.04.2013
Price/Volume
80
4.5 M
70
4.0 M
60
3.5 M
3.0 M
50
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (06.11.2012)
52-Week Low (28.12.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 02.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
SHLD UW EQUITY YTD Change
SHLD UW EQUITY YTD % CHANGE
01/2013
02/yy
68.74
38.40
169'663.00
49.92
-27.38%
30.00%
37.97%
106.4
5'310.80
3'120.00
0.0
417.0
609.00
8'238.80
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
2.0 M
30
1.5 M
20
1.0 M
10
.5 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
2.5 M
40
31.01.2010
31.01.2011
44'043.0
42'664.0
0.27x
0.24x
1'664.0
1'239.0
7.14x
8.26x
235.0
133.0
83.37x
72.46x
Profitability
LTM-4Q
31.01.2012
41'567.0
0.18x
(63.0)
(3'140.0)
-
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
39'854.0
0.20x
(146.0)
(930.0)
-146.00
-976.00
-2.45%
-2.53%
-4.57%
-26.44%
1.96%
26.4%
-0.4%
-2.4%
-2.3%
1.10
0.15
16.13%
113.25%
59.93
3.68
LTM
01/yy
41'567.0
1.01x
(63.0)
0.00x
(3'140.0)
0.00x
02/yy
39'854.0
0.88x
(146.0)
0.00x
(930.0)
0.00x
FY+1
0.00
1.61
41.84
7.97
3.27%
20.70%
1.607
7
2.143
169'998
160'521
203'419
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
36'946.5
36'888.5
8'156.0
8'477.0
0.21x
0.22x
642.0
716.0
12.83x
11.51x
(258.0)
(207.0)
S&P Issuer Ratings
05.01.2012
CCC+
STABLE
-0.54
-1.96
-21.37
113.2%
49.6%
1.96
6.31
6.19
100.94
36.94
70.19
Sales/Revenue/Turnover
80.00
60'000.0
70.00
50'000.0
60.00
40'000.0
50.00
40.00
30'000.0
30.00
20'000.0
20.00
10'000.0
10.00
0.00
05.02.2010
0.0
05.08.2010
05.02.2011
05.08.2011
05.02.2012
05.08.2012
05.02.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
All
Holder Name
RBS PARTNERS L P
RBS PARTNERS L P
LAMPERT EDWARD S
FAIRHOLME CAPITAL MA
TISCH THOMAS J
HORIZON KINETICS
STATE STREET
VANGUARD GROUP INC
BLACKROCK
INVESCO LTD
FINE CAPITAL PARTNER
DIMENSIONAL FUND ADV
OLD WEST INVESTMENT
CHOU ASSOCIATES MANA
NORGES BANK
SOUTHPOINT CAPITAL A
DEUTSCHE BANK AG
UOB GLOBAL STRATEGIE
BARCLAYS PLC
AKRE CAPITAL MANAGEM
Firm Name
ISI Group
Argus Research Corp
Credit Suisse
EVA Dimensions
Longbow Research
S&P Capital IQ
Imperial Capital LLC
Portfolio Name
RBS PARTNERS L P
n/a
n/a
FAIRHOLME CAPITAL MA
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
FINE CAPITAL PARTNER
DIMENSIONAL FUND ADV
OLD WEST INVESTMENT
CHOU ASSOCIATES MANA
NORGES BANK
SOUTHPOINT CAPITAL A
DEUTSCHE BANK AKTIEN
Multiple Portfolios
n/a
AKRE CAPITAL MANAGEM
Analyst
GREGORY MELICH
CHRISTOPHER GRAJA
GARY BALTER
CRAIG STERLING
DAVID S MACGREGOR
JASON ASAEDA
MARY ROSS-GILBERT
Source
13F
Form 4
Form 4
13F
PROXY
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
MF-AGG
ULT-AGG
13F
Recommendation
sell
hold
underperform
overweight
not rated
hold
underperform
Amt Held
36'334'181
35'095'125
25'055'441
18'146'573
3'819'816
3'047'600
2'679'371
1'952'590
1'491'707
1'114'743
1'106'100
948'073
905'445
683'700
344'220
325'000
323'511
306'600
300'019
300'000
% Out
34.15
32.99
23.55
17.06
3.59
2.86
2.52
1.84
1.4
1.05
1.04
0.89
0.85
0.64
0.32
0.31
0.3
0.29
0.28
0.28
Weighting
Change
1
3
1
5
#N/A N/A
3
1
M
M
M
U
M
M
M
Latest Chg
(5'939'961)
(1'239'056)
14'395
1'212'493
(50'000)
(84'798)
100'638
229'992
45'161
(109'420)
406'900
(10'500)
905'445
(54'262)
125'000
(241'439)
3'400
16'219
-
Target Price
22
#N/A N/A
20
#N/A N/A
#N/A N/A
44
#N/A N/A
File Dt
31.12.2012
29.03.2013
29.03.2013
31.12.2012
14.02.2013
31.12.2012
24.04.2013
31.03.2013
23.04.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
Date
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Inst Type
Hedge Fund Manager
Hedge Fund Manager
n/a
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Government
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Date
12.04.2013
05.03.2013
04.03.2013
01.03.2013
14.01.2013
08.01.2013
02.05.2012
30.04.2013
Sigma-Aldrich Corp
Sigma-Aldrich Corporation develops, manufactures, purchases and distributes a
broad range of chemicals, biochemicals and equipment. The Company's chemical
products and kits are used in scientific research, including genomic and
proteomic, biotechnology, pharmaceutical development and as key components in
pharmaceutical, diagnostic and other high technology manufacturing.
Price/Volume
1.2 M
1.0 M
60
12/2012
12/yy
79.32
66.52
147'205.00
78.29
-1.30%
17.69%
91.95%
120.3
9'420.99
683.00
0.0
0.0
724.00
9'338.99
50
.8 M
40
.6 M
30
.4 M
20
.2 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
1.4 M
80
70
Valuation Analysis
31.12.2008
2'200.7
2.56x
602.4
9.35x
341.5
15.94x
90
31.12.2009
31.12.2010
2'147.6
2'271.0
2.96x
3.56x
601.2
675.0
10.57x
11.99x
346.7
384.0
17.75x
21.33x
Profitability
LTM-4Q
31.12.2011
2'505.0
2.96x
761.0
9.74x
457.0
16.61x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
2'623.0
3.35x
809.0
10.86x
460.0
19.11x
809.00
673.00
25.66%
24.97%
12.82%
18.93%
15.55%
0.73%
51.4%
30.4%
25.1%
17.5%
2.75
1.54
17.88%
26.83%
6.67
1.84
12/yy
2'505.0
12.45x
761.0
9.74x
457.0
16.61x
LTM
12/yy
2'623.0
13.58x
809.0
10.86x
460.0
19.01x
FY+1
1.05
1.05
119.94
6.14
11.67%
6.70%
1.051
17
3.118
197'148
254'570
235'609
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
2'700.4
2'826.6
680.2
666.7
3.41x
3.10x
13.63x
13.83x
832.8
881.3
205.1
204.1
11.21x
10.60x
11.24x
11.05x
498.6
531.1
125.0
124.2
18.97x
17.78x
18.73x
18.40x
S&P Issuer Ratings
28.09.2011
A+
STABLE
04.02.2004
A-1
202.25
173.75
-0.10
0.49
26.8%
21.2%
0.73
3.22
54.76
198.12
43.15
204.75
Sales/Revenue/Turnover
20.00
3'000.0
18.00
2'500.0
16.00
14.00
2'000.0
12.00
1'500.0
10.00
8.00
1'000.0
6.00
4.00
500.0
2.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Sigma-Aldrich Corp
Holdings By:
All
Holder Name
STATE FARM MUTUAL AU
CAPITAL GROUP COMPAN
STATE STREET
VANGUARD GROUP INC
BANK OF NEW YORK MEL
BLACKROCK
WELLINGTON MANAGEMEN
STATE FARM INSURANCE
FMR LLC
HARDING LOEVNER LP
WELLS FARGO
INVESCO LTD
JP MORGAN
SELECT EQUITY GROUP
NORTHERN TRUST CORPO
MACKENZIE FINANCIAL
FRANKLIN RESOURCES
FAIRPOINTE CAPITAL L
CAPITAL COUNSEL LLC
MANNING & NAPIER ADV
Firm Name
Wells Fargo Securities, LLC
First Analysis Corp
Edward Jones
Longbow Research
KeyBanc Capital Markets
Leerink Swann & Co
Goldman Sachs
EVA Dimensions
Mizuho Securities USA Inc
Jefferies
Robert W. Baird & Co
Macquarie
JPMorgan
Credit Agricole Securities (USA)
Portfolio Name
STATE FARM MUTUAL AU
n/a
n/a
VANGUARD GROUP INC
BANK OF NEW YORK MEL
n/a
WELLINGTON MANAGEMEN
Multiple Portfolios
n/a
HARDING LOEVNER LP
n/a
n/a
n/a
SELECT EQUITY GROUP
NORTHERN TRUST CORPO
MACKENZIE FINANCIAL
n/a
FAIRPOINTE CAPITAL L
CAPITAL COUNSEL LLC
MANNING & NAPIER ADV
Analyst
TIM EVANS
TRACY MARSHBANKS
MATT ARNOLD
DMITRY SILVERSTEYN
MICHAEL J SISON
DANIEL L LEONARD
ISAAC RO
CRAIG STERLING
PETER R LAWSON
JON WOOD
JEFF T ELLIOTT
JONATHAN P GROBERG
TYCHO W PETERSON
PAUL R KNIGHT
Source
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
MF-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
Recommendation
market perform
equalweight
buy
neutral
buy
market perform
Sell/Neutral
hold
neutral
hold
outperform
neutral
neutral
outperform
Amt Held
14'033'160
9'389'000
8'857'517
8'411'594
6'946'063
6'362'714
3'280'000
3'251'389
2'841'514
2'809'687
2'675'280
2'317'018
2'267'527
2'083'764
1'817'182
1'186'100
1'150'995
1'138'832
1'136'232
921'670
% Out
11.65
7.8
7.35
6.98
5.77
5.28
2.72
2.7
2.36
2.33
2.22
1.92
1.88
1.73
1.51
0.98
0.96
0.95
0.94
0.77
Weighting
Change
3
3
5
3
5
3
1
3
3
3
5
3
3
5
M
M
M
M
M
M
D
U
M
M
M
M
M
M
Latest Chg
2'115'000
251'046
329'263
783'608
(100'000)
93'101
95'617
(10'687)
(174'811)
111'294
(591'966)
(13'366)
12'800
(2'553)
(26'160)
9'630
(66'050)
Target Price
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
86
#N/A N/A
66
#N/A N/A
70
67
85
76
74
89
File Dt
Inst Type
31.12.2012
Insurance Company
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.03.2013
Investment Advisor
Date
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
6 month
Not Provided
Date
18.04.2013
16.04.2013
15.04.2013
15.04.2013
12.04.2013
12.04.2013
11.04.2013
09.04.2013
04.04.2013
22.03.2013
22.03.2013
22.03.2013
21.03.2013
07.02.2013
30.04.2013
Price/Volume
12/2012
12/yy
3.25
1.75
9'506'391.00
3.07
-5.54%
75.15%
87.98%
6'559.0
20'136.09
2'435.22
0.0
0.0
520.95
22'050.37
40.0 M
35.0 M
30.0 M
25.0 M
20.0 M
15.0 M
10.0 M
5.0 M
0
a-12
31.12.2009
31.12.2010
2'472.6
2'817.0
2.03x
3.21x
567.8
800.1
8.85x
11.30x
(342.8)
43.1
55.73x
Profitability
LTM-4Q
31.12.2011
3'014.5
3.01x
941.2
9.64x
427.0
28.74x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
3'402.0
5.03x
1'135.5
15.08x
3'472.7
1'135.54
872.03
25.63%
13.95%
41.96%
146.41%
0.41%
63.9%
33.4%
25.6%
102.1%
0.79
0.27
26.89%
60.28%
32.74
39.63
12/yy
3'014.5
12.53x
941.2
9.64x
427.0
28.58x
j-12
j-12
a-12
s-12
LTM
12/yy
3'402.0
15.43x
1'135.5
15.08x
3'472.7
35.15x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.05
3'258.72
378.53
38.19%
6.23%
1.052
17
4.059
6'560'385
6'688'733
7'892'951
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
3'807.8
4'174.0
939.2
970.4
6.04x
5.83x
23.56x
22.80x
1'156.8
1'412.8
272.3
288.7
19.06x
15.61x
18.17x
16.93x
590.7
736.9
159.1
165.4
31.01x
23.80x
32.66x
33.74x
S&P Issuer Ratings
26.10.2011
BB
STABLE
3.82
3.49
1.69
2.14
60.3%
37.6%
0.41
2.10
11.18
9.24
169.91
-149.49
Sales/Revenue/Turnover
18.00
4'000.0
16.00
3'500.0
14.00
3'000.0
12.00
2'500.0
10.00
2'000.0
8.00
1'500.0
6.00
1'000.0
4.00
500.0
2.00
0.00
01.01.2010
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
45.0 M
3
3
Valuation Analysis
31.12.2008
1'664.0
1.97x
(57.5)
(5'313.3)
-
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
LIBERTY RADIO LLC
BLACKROCK
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
FMR LLC
WINSLOW CAPITAL MANA
OMEGA ADVISORS
SAC CAPITAL ADVISORS
MACKAY SHIELDS LLC
STATE STREET
INVESCO LTD
COATUE MANAGEMENT LL
ALGER MANAGEMENT INC
BLUE RIDGE CAPITAL L
SLATE PATH CAPITAL L
COLUMBUS CIRCLE INVE
SCOUT CAPITAL MANAGE
BANK OF NEW YORK MEL
CAPITAL GROUP COMPAN
NORTHERN TRUST CORPO
Firm Name
Maxim Group LLC
Barrington Research
Evercore Partners
ISI Group
Pivotal Research Group LLC
Morgan Stanley
Piper Jaffray
Lazard Capital Markets
Wunderlich Securities
EVA Dimensions
Macquarie
S&P Capital IQ
Gabelli & Co
RBC Capital Markets
Goldman Sachs
Wedge Partners
Portfolio Name
n/a
n/a
WELLINGTON MANAGEMEN
VANGUARD GROUP INC
n/a
WINSLOW CAPITAL MANA
OMEGA ADVISORS INC
SAC CAPITAL ADVISORS
Multiple Portfolios
n/a
n/a
COATUE MANAGEMENT LL
FRED ALGER MANAGEMEN
BLUE RIDGE CAPITAL L
SLATE PATH CAPITAL L
COLUMBUS CIRCLE INVE
SCOUT CAPITAL MANAGE
BANK OF NEW YORK MEL
n/a
NORTHERN TRUST CORPO
Analyst
JOHN TINKER
JAMES C GOSS
BRYAN KRAFT
VIJAY JAYANT
JEFFREY WLODARCZAK
BENJAMIN SWINBURNE
JAMES M MARSH JR
BARTON CROCKETT
MATTHEW HARRIGAN
CRAIG STERLING
AMY YONG
TUNA AMOBI
BRETT HARRISS
DAVID BANK
MATTHEW NIKNAM
MARTIN PYYKKONEN
Source
Form 4
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
MF-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
Recommendation
buy
outperform
overweight
buy
buy
Equalwt/In-Line
overweight
buy
hold
underweight
neutral
buy
sell
sector perform
buy/attractive
no rating system
Amt Held
3'292'800'312
212'551'730
140'713'322
139'760'814
127'023'677
124'012'478
71'479'203
69'783'900
68'693'100
61'184'712
56'266'945
45'794'813
45'224'130
43'300'000
36'750'000
32'879'946
30'000'000
28'188'174
27'983'700
26'076'542
% Out
50.2
3.24
2.15
2.13
1.94
1.89
1.09
1.06
1.05
0.93
0.86
0.7
0.69
0.66
0.56
0.5
0.46
0.43
0.43
0.4
Latest Chg
1'293'509'076
76'651'263
12'403'250
(33'104'509)
42'264'166
124'012'478
7'546'900
(61'592'700)
1'038'954
7'889'974
(4'437'368)
17'004'984
(35'500'000)
36'750'000
30'945'906
10'000'000
8'982'727
11'026'600
2'195'735
Weighting
Change
Target Price
5
5
5
5
5
3
5
5
3
1
3
5
1
3
5
#N/A N/A
M
M
M
M
M
M
M
M
M
U
D
M
M
M
N
M
4
4
4
4
4
3
3
4
3
#N/A N/A
3
4
#N/A N/A
3
4
#N/A N/A
File Dt
18.01.2013
23.04.2013
31.12.2012
31.03.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
28.02.2013
24.04.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
Date
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
18 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Inst Type
Corporation
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
21.04.2013
21.04.2013
19.04.2013
11.04.2013
09.04.2013
02.04.2013
26.02.2013
18.02.2013
06.02.2013
06.02.2013
06.02.2013
05.02.2013
17.12.2012
02.11.2012
30.04.2013
Staples Inc
Staples, Inc. retails office supplies, furniture, and technology. The Company's
customers include consumers and businesses in the United States, Canada, the
United Kingdom, and Germany. Staples serves its customers through office
superstores, mail order catalogs, the Internet, and a contract business.
Price/Volume
16
25.0 M
14
20.0 M
12
10
01/2013
02/yy
15.73
10.57
1'208'074.00
12.92
-17.86%
22.23%
45.54%
668.5
8'637.02
1'989.10
0.0
7.9
1'334.30
9'299.76
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10.0 M
6
4
5.0 M
2
0
a-12 m-12
31.01.2010
31.01.2011
24'275.5
24'545.1
0.76x
0.70x
2'019.0
2'130.1
9.08x
8.09x
738.7
881.9
20.76x
17.71x
Profitability
LTM-4Q
31.01.2012
24'664.8
0.48x
2'115.8
5.63x
984.7
11.44x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.01.2013
24'380.5
0.40x
2'015.4
4.81x
(210.7)
15.18x
2'015.39
1'528.08
6.27%
1.09%
-1.64%
-3.21%
-3.75%
1.91%
26.6%
8.2%
6.2%
-0.9%
1.40
0.71
16.20%
32.46%
12.74
7.59
j-12
a-12
LTM
01/yy
24'847.9
2.11x
2'106.6
5.66x
984.7
11.69x
s-12
02/yy
24'524.4
1.61x
2'000.0
4.85x
(210.7)
15.35x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
3.41
1.09
662.38
74.52
-13.00%
14.36%
1.093
22
3.636
2'477'765
1'851'971
2'762'618
FY+2
FQ+1
FQ+2
01/14 Y
01/15 Y
04/13 Q1 07/13 Q2
23'884.0
23'904.5
5'928.2
5'438.8
0.36x
0.34x
1.58x
1.75x
1'914.1
1'914.5
397.4
332.3
4.86x
4.86x
5.05x
4.88x
865.3
877.4
175.3
115.4
9.73x
9.22x
9.77x
9.70x
S&P Issuer Ratings
02.07.2008
BBB
STABLE
09.06.2008
A-2
12.40
10.25
0.33
0.99
32.5%
24.5%
1.91
12.13
29.12
48.87
42.66
35.53
Sales/Revenue/Turnover
12.00
30'000.0
10.00
25'000.0
8.00
20'000.0
6.00
15'000.0
4.00
10'000.0
2.00
5'000.0
0.00
05.02.2010
.0 M
j-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
15.0 M
Valuation Analysis
0.0
05.08.2010
05.02.2011
05.08.2011
05.02.2012
05.08.2012
05.02.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
Staples Inc
Holdings By:
All
Holder Name
BLACKROCK
FMR LLC
VANGUARD GROUP INC
PZENA INVESTMENT MAN
STATE STREET
ALLIANZ ASSET MANAGE
T ROWE PRICE ASSOCIA
INVESCO LTD
MACQUARIE GROUP
BANK OF NEW YORK MEL
WELLINGTON MANAGEMEN
SUN LIFE FINANCIAL I
HARRIS ASSOCIATES LP
INTERNATIONAL VALUE
JP MORGAN
NORTHERN TRUST CORPO
FAIRPOINTE CAPITAL L
AMERICAN INTERNATION
EPOCH INVESTMENT PAR
HAWKINS CAPITAL LP
Firm Name
Jefferies
Deutsche Bank
Sanford C. Bernstein & Co
ISI Group
Nomura
Janney Montgomery Scott LLC
Edward Jones
Argus Research Corp
JPMorgan
B Riley & Company, Inc
Telsey Advisory Group
Morgan Stanley
Goldman Sachs
Credit Suisse
KeyBanc Capital Markets
Oppenheimer & Co
BB&T Capital Markets
S&P Capital IQ
Barclays
EVA Dimensions
Portfolio Name
n/a
n/a
VANGUARD GROUP INC
PZENA INVESTMENT MAN
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
n/a
BANK OF NEW YORK MEL
WELLINGTON MANAGEMEN
n/a
HARRIS ASSOC LP
INTERNATIONAL VALUE
n/a
NORTHERN TRUST CORPO
FAIRPOINTE CAPITAL L
n/a
EPOCH INVESTMENT PAR
HAWKINS CAPITAL LP
Analyst
DANIEL T BINDER
MICHAEL BAKER
COLIN MCGRANAHAN
GREGORY MELICH
ARAM RUBINSON
DAVID S STRASSER
BRIAN YARBROUGH
CHRISTOPHER GRAJA
CHRISTOPHER HORVERS
SCOTT TILGHMAN
JOSEPH I FELDMAN
DAVID GOBER
MATTHEW J FASSLER
GARY BALTER
BRADLEY B THOMAS
BRIAN NAGEL
ANTHONY CHUKUMBA
IAN GORDON
ALAN M RIFKIN
CRAIG STERLING
Source
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
Recommendation
hold
hold
market perform
sell
neutral
buy
buy
buy
overweight
buy
no rating system
Equalwt/In-Line
neutral/neutral
outperform
hold
market perform
buy
buy
equalweight
buy
Amt Held
56'637'268
43'906'031
40'217'611
39'176'664
37'929'627
31'126'039
21'366'148
20'406'686
19'929'275
18'790'100
17'292'484
13'837'939
12'967'400
12'570'879
12'213'457
10'927'474
9'822'560
9'014'859
6'428'000
6'222'400
% Out
8.47
6.57
6.02
5.86
5.67
4.66
3.2
3.05
2.98
2.81
2.59
2.07
1.94
1.88
1.83
1.63
1.47
1.35
0.96
0.93
Weighting
Change
3
3
3
1
3
5
5
5
5
5
#N/A N/A
3
3
5
3
3
5
5
3
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
6'485'929
10'923'478
(2'969'235)
(2'810'259)
(724'250)
63'620
(797'005)
815'780
(217'602)
7'918'900
230'466
(2'680'000)
(539'530)
10'034'655
1'485'386
3'125'563
8'648'346
(128'903)
-
Target Price
14
11
13
12
15
17
#N/A N/A
15
14
18
14
#N/A N/A
13
15
#N/A N/A
12
16
15
13
#N/A N/A
File Dt
Inst Type
23.04.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Government
31.12.2012 Hedge Fund Manager
31.03.2013 Hedge Fund Manager
Date
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
6 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
18 month
12 month
Not Provided
Not Provided
Not Provided
Date
18.04.2013
12.04.2013
12.04.2013
12.04.2013
12.04.2013
08.04.2013
05.04.2013
07.03.2013
07.03.2013
07.03.2013
07.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
15.01.2013
30.04.2013
Starbucks Corp
Starbucks Corporation retails, roasts, and provides its own brand of specialty
coffee. The Company operates retail locations worldwide and sells whole bean
coffees through its sales group, direct response business, supermarkets, and on
the World Wide Web. Starbucks also produces and sells bottled coffee drinks and
a line of ice creams.
Price/Volume
09/2012
12/yy
60.92
43.05
911'589.00
60.58
-0.56%
40.72%
98.10%
749.3
45'392.59
549.60
0.0
5.5
2'037.00
43'488.20
8.0 M
7.0 M
6.0 M
40
5.0 M
30
4.0 M
3.0 M
20
2.0 M
10
1.0 M
0
a-12
30.09.2009
30.09.2010
9'774.6
10'707.4
1.50x
1.72x
1'335.8
1'865.1
10.94x
9.85x
390.8
945.6
23.89x
20.11x
Profitability
LTM-4Q
30.09.2011
11'700.4
2.25x
2'074.6
12.67x
1'245.7
23.45x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.09.2012
13'299.5
2.75x
2'367.3
15.42x
1'383.8
28.33x
2'367.30
1'786.70
13.43%
15.48%
17.57%
28.85%
26.35%
1.67%
56.3%
18.3%
14.0%
10.4%
1.90
1.14
6.69%
10.76%
30.36
5.36
j-12
j-12
a-12
LTM
01/yy
12'185.7
9.39x
2'126.5
15.47x
1'281.3
28.05x
s-12
12/yy
13'663.3
11.22x
2'445.7
15.34x
1'434.2
28.30x
o-12
n-12
d-12
j-13
f-13 m-13
FY+1
1.32
0.88
728.61
9.88
7.16%
13.40%
0.883
32
4.438
1'643'182
1'458'089
1'506'198
FY+2
FQ+1
FQ+2
09/13 Y
09/14 Y
06/13 Q3 09/13 Q4
14'918.4
16'675.1
3'724.0
3'811.4
2.99x
2.67x
11.75x
11.45x
3'023.8
3'571.7
744.6
791.7
14.38x
12.18x
13.20x
12.67x
1'654.9
1'988.1
405.1
435.0
27.87x
23.12x
25.41x
24.23x
S&P Issuer Ratings
24.02.2012
ASTABLE
28.08.2009
A-2
65.94
42.09
-0.78
0.22
10.8%
9.7%
1.67
5.40
11.99
67.96
23.01
53.00
Sales/Revenue/Turnover
35.00
14'000.0
30.00
12'000.0
25.00
10'000.0
20.00
8'000.0
15.00
6'000.0
10.00
4'000.0
5.00
2'000.0
0.00
02.10.2009
.0 M
m-12
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
9.0 M
60
50
Valuation Analysis
30.09.2008
10'383.0
1.15x
1'261.7
9.47x
315.5
21.07x
70
0.0
02.04.2010
02.10.2010
02.04.2011
02.10.2011
02.04.2012
02.10.2012
02.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Starbucks Corp
Holdings By:
All
Holder Name
STATE STREET
BLACKROCK
FMR LLC
T ROWE PRICE ASSOCIA
VANGUARD GROUP INC
CAPITAL GROUP COMPAN
SCHULTZ HOWARD D
NORTHERN TRUST CORPO
MORGAN STANLEY
SANDS CAPITAL MANAGE
WINSLOW CAPITAL MANA
BANK OF NEW YORK MEL
WELLS FARGO
INVESCO LTD
JP MORGAN
BROWN ADVISORY INC
AMERICAN CENTURY COM
TIAA CREF INVESTMENT
ALLIANCE BERNSTEIN
NORGES BANK
Firm Name
Robert W. Baird & Co
Williams Capital Group
Stephens Inc
William Blair & Co
Buckingham Research Group
Longbow Research
Piper Jaffray
Morgan Stanley
JPMorgan
Telsey Advisory Group
Janney Montgomery Scott LLC
Barclays
Argus Research Corp
Sanford C. Bernstein & Co
Lazard Capital Markets
S&P Capital IQ
Jefferies
Goldman Sachs
Credit Suisse
Wells Fargo Securities, LLC
Edward Jones
BMO Capital Markets
Oppenheimer & Co
McAdams Wright Ragen Inc
Cowen and Company
Atlantic Equities LLP
RBC Capital Markets
Credit Agricole Securities (USA)
EVA Dimensions
Deutsche Bank
Portfolio Name
n/a
n/a
n/a
T ROWE PRICE ASSOCIA
VANGUARD GROUP INC
n/a
n/a
NORTHERN TRUST CORPO
n/a
SANDS CAPITAL MANAGE
WINSLOW CAPITAL MANA
BANK OF NEW YORK MEL
n/a
n/a
n/a
n/a
AMERICAN CENTURY COM
TIAA-CREF INVESTMENT
n/a
NORGES BANK
Analyst
DAVID E TARANTINO
MARC RIDDICK
WILL SLABAUGH
SHARON M ZACKFIA
MITCHELL J SPEISER
ALTON K STUMP
NICOLE MILLER REGAN
JOHN S GLASS
JOHN W IVANKOE
PETER SALEH
MARK D KALINOWSKI
JEFFREY A BERNSTEIN
JOHN D STASZAK
SARA H SENATORE
MATTHEW J DIFRISCO
JIM YIN
ANDREW M BARISH
MICHAEL KELTER
KEITH SIEGNER
BONNIE HERZOG
JACK P RUSSO
PHILLIP JUHAN
BRIAN J BITTNER
DAN GEIMAN
PAUL L WESTRA
ALISTAIR M SCOBIE
LARRY A MILLER
DIANE GEISSLER
CRAIG STERLING
JASON WEST
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
Form 4
13F
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
Recommendation
outperform
market perform
overweight
outperform
buy
buy
overweight
Overwt/In-Line
overweight
no rating system
buy
equalweight
buy
outperform
buy
buy
buy
Buy/Neutral
outperform
market perform
hold
outperform
outperform
hold
neutral
overweight
sector perform
buy
underweight
buy
Amt Held
37'819'670
36'552'911
35'633'395
34'345'408
33'898'695
29'386'396
18'875'169
12'738'762
11'995'937
10'787'280
10'729'471
10'449'141
9'561'829
9'401'174
8'540'739
7'623'782
7'061'975
6'680'224
6'103'143
5'994'504
% Out
5.05
4.88
4.76
4.58
4.52
3.92
2.52
1.7
1.6
1.44
1.43
1.39
1.28
1.25
1.14
1.02
0.94
0.89
0.81
0.8
Weighting
Change
5
3
5
5
5
5
5
5
5
#N/A N/A
5
3
5
5
5
5
5
5
5
3
3
5
5
3
3
5
3
5
1
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
575'105
(2'111'027)
(13'662'548)
871'315
1'474'627
(1'050'000)
(106'141)
5'105'468
303'498
1'274'414
809'552
632'235
(2'276'793)
(1'398'536)
7'567'551
(1'307'247)
(311'680)
(518'406)
528'915
Target Price
65
55
66
#N/A N/A
75
65
65
68
65
64
68
65
64
65
74
66
66
70
66
#N/A N/A
#N/A N/A
64
62
58
#N/A N/A
65
63
69
#N/A N/A
60
File Dt
24.04.2013
23.04.2013
28.02.2013
31.12.2012
31.03.2013
31.03.2013
06.03.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
31.03.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.03.2013
31.12.2012
Date
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
12 month
6 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Date
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
18.04.2013
18.04.2013
18.04.2013
16.04.2013
16.04.2013
12.04.2013
12.04.2013
11.04.2013
09.04.2013
08.04.2013
04.04.2013
02.04.2013
28.03.2013
25.03.2013
19.03.2013
07.03.2013
25.01.2013
25.01.2013
25.01.2013
24.01.2013
24.01.2013
15.01.2013
04.01.2013
30.04.2013
Stericycle Inc
Stericycle, Inc. provides regulated medical waste management services. The
Company offers waste collection, transportation, treatment, and disposal to
customers in the United States, Canada, Mexico, Argentina, Chile, the United
Kingdom and Ireland.
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (24.04.2013)
52-Week Low (18.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
SRCL UW EQUITY YTD Change
SRCL UW EQUITY YTD % CHANGE
12/2012
03/yy
110.18
81.18
108'495.00
108.41
-1.61%
33.54%
93.90%
86.2
9'346.89
1'356.08
0.0
15.5
31.83
10'622.66
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
.6 M
100
.5 M
80
.4 M
60
.3 M
40
.2 M
20
.1 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
120
31.12.2009
31.12.2010
1'177.7
1'439.4
4.80x
5.52x
365.2
424.6
15.49x
18.70x
175.7
207.9
25.90x
31.98x
Profitability
LTM-4Q
31.12.2011
1'676.0
4.77x
490.4
16.29x
234.8
27.53x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'913.1
4.89x
545.1
17.17x
268.0
28.27x
545.12
468.84
24.51%
21.81%
8.15%
19.10%
11.27%
0.58%
44.8%
29.4%
25.3%
14.0%
1.33
1.07
38.23%
87.95%
5.98
-
03/yy
1'738.0
19.33x
521.8
16.19x
243.9
28.55x
LTM
03/yy
1'966.9
19.33x
578.2
18.04x
277.8
31.05x
FY+1
0.00
0.82
84.22
2.36
25.18%
16.23%
0.819
18
4.111
157'046
147'303
169'939
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
2'130.7
2'310.5
529.6
536.4
4.88x
4.39x
19.93x
19.54x
648.8
716.4
160.4
164.4
16.37x
14.83x
15.91x
15.54x
321.3
364.1
79.0
81.4
29.43x
26.14x
28.48x
27.64x
S&P Issuer Ratings
18.07.2007
NR
10.55
9.29
2.18
2.20
88.0%
46.5%
0.58
6.17
61.01
24.90
-
Sales/Revenue/Turnover
30.00
2'500.0
25.00
2'000.0
20.00
1'500.0
15.00
1'000.0
10.00
500.0
5.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Stericycle Inc
Holdings By:
All
Holder Name
VANGUARD GROUP INC
FMR LLC
CAPITAL GROUP COMPAN
STATE STREET
BLACKROCK
WILLIAM BLAIR & COMP
BROWN ADVISORY INC
MORGAN STANLEY
T ROWE PRICE ASSOCIA
NORTHERN TRUST CORPO
ALLIANCE BERNSTEIN
SCHULER JACK W
BNP PARIBAS INV PART
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
INVESCO LTD
RAINIER INVESTMENT M
MUNDER CAPITAL MANAG
IRONBRIDGE CAPITAL M
TIAA CREF INVESTMENT
Firm Name
Barclays
Goldman Sachs
Jefferies
William Blair & Co
Barrington Research
Stifel
Avondale Partners LLC
Northcoast Research
Wedbush
Raymond James
Oppenheimer & Co
Robert W. Baird & Co
Wellington Shields & Co. LLC
Morgan Stanley
Wunderlich Securities
EVA Dimensions
S&P Capital IQ
Portfolio Name
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
WILLIAM BLAIR & COMP
n/a
n/a
T ROWE PRICE ASSOCIA
NORTHERN TRUST CORPO
n/a
n/a
n/a
JENNISON ASSOCIATES
BANK OF NEW YORK MEL
n/a
RAINIER INVESTMENT M
MUNDER CAPITAL MANAG
IRONBRIDGE CAPITAL M
TIAA-CREF INVESTMENT
Analyst
GARY E BISBEE
ISAAC RO
SEAN DODGE
RYAN S DANIELS
KEVIN M STEINKE
SHLOMO H ROSENBAUM
RICHARD CLOSE
EDWIN SNYDER
AL KASCHALK
WILLIAM H FISHER
SCOTT A SCHNEEBERGER
DAVID J MANTHEY
ELLIOTT LEO SCHLANG
DAVID R LEWIS
MICHAEL E HOFFMAN
CRAIG STERLING
STEWART SCHARF
Source
13F
ULT-AGG
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
Form 4
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
Recommendation
equalweight
buy/attractive
buy
outperform
outperform
buy
market perform
buy
outperform
outperform
outperform
neutral
hold
Equalwt/In-Line
hold
underweight
buy
Amt Held
5'351'640
5'056'747
5'000'000
4'599'451
4'585'271
3'860'777
3'807'649
2'223'645
2'010'215
1'340'632
1'305'970
1'283'011
1'188'539
1'088'554
1'019'572
978'232
964'000
935'357
920'001
847'832
% Out
6.22
5.87
5.81
5.34
5.33
4.48
4.42
2.58
2.34
1.56
1.52
1.49
1.38
1.26
1.18
1.14
1.12
1.09
1.07
0.98
Weighting
Change
3
5
5
5
5
5
3
5
5
5
5
3
3
3
3
1
5
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
257'222
199'768
(3'910'000)
141'352
283'459
(106'937)
(563'164)
(1'021'855)
579'900
(7'119)
1'138'168
(1'880)
(265'898)
513'193
127'215
(94'366)
(54'400)
(8'350)
(227'790)
93'050
Target Price
107
122
127
#N/A N/A
110
117
110
120
110
103
115
110
79
#N/A N/A
85
#N/A N/A
105
File Dt
31.03.2013
28.02.2013
31.03.2013
24.04.2013
23.04.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
25.03.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
6 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
18 month
Not Provided
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Date
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
22.04.2013
15.04.2013
25.03.2013
18.03.2013
18.03.2013
07.02.2013
04.02.2013
15.01.2013
08.11.2012
30.04.2013
Symantec Corp
Symantec Corporation provides security, storage and systems management
solutions to help businesses and consumers secure and manage their information.
The Company offers software and services that protect, manage and control
information risks related to security, data protection, storage, compliance and
management.
Price/Volume
30
20
15
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (08.03.2013)
52-Week Low (24.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 25.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
SYMC UW EQUITY YTD Change
SYMC UW EQUITY YTD % CHANGE
03/2012
12/yy
24.90
13.06
1'528'889.00
24.59
-1.24%
88.28%
97.38%
689.2
16'947.15
2'039.00
0.0
78.0
3'211.00
15'771.15
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10
5
0
a-12 m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
10.0 M
9.0 M
8.0 M
7.0 M
6.0 M
5.0 M
4.0 M
3.0 M
2.0 M
1.0 M
.0 M
25
LTM-4Q
31.03.2009
31.03.2010
6'150.0
5'985.0
2.12x
2.04x
1'927.0
1'790.0
6.76x
6.82x
(6'786.0)
714.0
18.01x
Profitability
31.03.2011
6'190.0
2.21x
1'648.0
8.31x
597.0
20.71x
31.03.2012
6'730.0
1.85x
1'795.0
6.93x
1'172.0
15.61x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
1'795.00
1'139.00
16.92%
21.84%
8.69%
23.17%
16.48%
0.52%
83.9%
26.8%
17.3%
17.4%
1.03
0.92
15.66%
40.03%
6.54
44.38
12/yy
6'722.0
7.64x
1'831.0
6.09x
781.0
14.22x
LTM
12/yy
6'839.0
6.52x
1'834.0
6.18x
1'136.0
14.90x
FY+1
0.00
1.08
685.02
14.71
48.85%
30.73%
1.083
32
4.031
1'674'471
1'820'930
2'123'095
FY+2
FQ+1
FQ+2
03/13 Y
03/14 Y
03/13 Q4 06/13 Q1
6'885.0
6'998.0
1'726.6
1'696.3
2.13x
1.91x
8.33x
8.81x
2'283.2
2'458.5
496.8
555.6
6.91x
6.41x
6.92x
6.60x
1'210.4
1'334.3
267.1
305.8
14.36x
12.75x
13.58x
12.81x
S&P Issuer Ratings
13.09.2010
BBB
STABLE
15.61
13.12
-0.64
1.68
40.0%
28.3%
0.52
6.27
55.62
8.20
93.23
-35.84
Sales/Revenue/Turnover
12.00
8'000.0
7'000.0
10.00
6'000.0
8.00
5'000.0
4'000.0
6.00
3'000.0
4.00
2'000.0
2.00
0.00
03.04.2009
1'000.0
0.0
03.10.2009
03.04.2010
03.10.2010
03.04.2011
03.10.2011
03.04.2012
03.10.2012
03.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Symantec Corp
Holdings By:
All
Holder Name
DODGE & COX
STATE STREET
BLACKROCK
VANGUARD GROUP INC
PRIMECAP MANAGEMENT
FRANKLIN RESOURCES
FMR LLC
INVESCO LTD
AMERIPRISE FINANCIAL
CITADEL ADVISORS LLC
UBS
DEUTSCHE BANK AG
BANK OF AMERICA CORP
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
AJO, LP
SAC CAPITAL ADVISORS
CAMBIAR INVESTORS LL
BMO FINANCIAL CORP
THIRD POINT LLC
Firm Name
JPMorgan
William Blair & Co
Cross Research
MKM Partners
Jefferies
Macquarie
Cowen and Company
RBC Capital Markets
Wells Fargo Securities, LLC
Barclays
Deutsche Bank
Stifel
Lazard Capital Markets
Robert W. Baird & Co
Oppenheimer & Co
Credit Suisse
Morgan Stanley
B Riley & Company, Inc
Raymond James
JMP Securities
Argus Research Corp
Goldman Sachs
First Analysis Corp
Stephens Inc
FBR Capital Markets
Topeka Capital Markets Inc
Pacific Crest Securities
EVA Dimensions
GARP Research
Portfolio Name
DODGE & COX
n/a
n/a
VANGUARD GROUP INC
PRIMECAP MANAGEMENT
n/a
n/a
n/a
AMERIPRISE FINANCIAL
CITADEL ADVISORS LLC
n/a
DEUTSCHE BANK AKTIEN
BANK OF AMERICA
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
AJO, LP
SAC CAPITAL ADVISORS
CAMBIAR INVESTORS LL
BMO FINANCIAL CORP
THIRD POINT LLC
Analyst
JOHN DIFUCCI
JONATHAN HO
RICHARD T WILLIAMS
ISRAEL HERNANDEZ
AARON SCHWARTZ
BRAD A ZELNICK
GREGG MOSKOWITZ
ROBERT P BREZA
GRAY W POWELL
RAIMO LENSCHOW
THOMAS ERNST JR
TODD C WELLER
JOEL P FISHBEIN JR
STEVEN M ASHLEY
SHAUL EYAL
PHILIP WINSLOW
KEITH WEISS
DANIEL CUMMINS
MICHAEL TURITS
PATRICK WALRAVENS
JOSEPH F BONNER
GREG DUNHAM
CRAIG NANKERVIS
JONATHAN B RUYKHAVER
DANIEL H IVES
FREDERICK D ZIEGEL
ROB D OWENS
ANDREW S ZAMFOTIS
BRETT CARSON
Source
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
overweight
outperform
buy
buy
buy
outperform
outperform
outperform
market perform
overweight
hold
hold
neutral
neutral
market perform
outperform
Overwt/In-Line
buy
market perform
market outperform
buy
Sell/Neutral
equalweight
equalweight
market perform
hold
sector perform
buy
neutral
Amt Held
58'417'616
44'286'582
39'227'842
33'108'738
31'667'369
26'186'565
25'051'948
20'962'410
19'069'170
12'558'686
12'145'287
10'723'533
10'434'459
8'974'034
8'851'837
8'659'900
8'206'507
7'995'572
7'376'024
6'700'000
% Out
8.48
6.43
5.69
4.8
4.59
3.8
3.63
3.04
2.77
1.82
1.76
1.56
1.51
1.3
1.28
1.26
1.19
1.16
1.07
0.97
Weighting
Change
5
5
5
5
5
5
5
5
3
5
3
3
3
3
3
5
5
5
3
4
5
1
3
3
3
3
3
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(1'011'900)
3'269'026
1'950'744
572'251
(968'400)
(1'447'720)
2'109'501
(499'026)
(1'292'719)
5'868'240
33'808
(2'297'195)
(1'237'789)
327'196
18'506
(876'600)
3'515'139
(2'355'921)
1'672'422
700'000
Target Price
30
#N/A N/A
27
27
28
28
#N/A N/A
30
#N/A N/A
27
17
#N/A N/A
#N/A N/A
23
#N/A N/A
28
28
27
#N/A N/A
26
27
17
#N/A N/A
19
22
23
#N/A N/A
#N/A N/A
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
28.02.2013
Unclassified
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
6 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Date
19.04.2013
18.04.2013
18.04.2013
18.04.2013
17.04.2013
17.04.2013
17.04.2013
15.04.2013
15.04.2013
15.04.2013
12.04.2013
10.04.2013
08.04.2013
01.04.2013
20.03.2013
18.03.2013
12.03.2013
04.03.2013
13.02.2013
01.02.2013
28.01.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
23.01.2013
15.01.2013
30.01.2009
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (25.04.2013)
52-Week Low (17.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 31.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
TXN UW EQUITY YTD Change
TXN UW EQUITY YTD % CHANGE
12/2012
03/yy
36.26
26.06
1'611'108.00
35.97
-0.80%
38.03%
97.16%
1'109.2
39'896.29
5'686.00
0.0
0.0
3'965.00
41'717.28
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
8.0 M
35
7.0 M
30
6.0 M
25
5.0 M
20
4.0 M
15
3.0 M
10
2.0 M
1.0 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
40
31.12.2009
31.12.2010
10'427.0
13'966.0
2.82x
2.50x
3'128.0
5'316.0
9.40x
6.56x
1'470.0
3'228.0
20.68x
12.70x
Profitability
LTM-4Q
31.12.2011
13'735.0
2.61x
4'434.0
8.08x
2'236.0
13.73x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
12'825.0
2.80x
3'986.0
9.02x
1'759.0
16.17x
3'986.00
2'687.00
20.95%
15.09%
9.35%
16.86%
11.75%
0.63%
49.7%
31.0%
20.9%
13.7%
2.40
1.51
28.40%
51.87%
8.96
3.59
LTM
03/yy
13'465.0
10.80x
4'182.0
9.80x
1'836.0
17.60x
03/yy
12'589.0
11.48x
3'908.0
10.54x
1'856.0
19.70x
FY+1
2.11
1'104.34
28.17
15.77%
17.92%
46
3.174
2'815'196
2'665'010
2'647'956
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
12'220.4
12'885.4
3'057.9
3'202.3
3.32x
3.08x
13.22x
12.57x
3'696.2
4'262.2
909.1
1'033.1
11.29x
9.79x
10.86x
10.46x
2'008.1
2'452.9
494.0
596.1
19.88x
16.18x
18.28x
17.28x
S&P Issuer Ratings
23.09.2010
A+
STABLE
01.02.1986
A-1
46.89
41.07
0.47
1.45
51.9%
34.2%
0.63
3.14
40.75
101.65
30.16
109.62
Sales/Revenue/Turnover
14.00
16'000.0
12.00
14'000.0
12'000.0
10.00
10'000.0
8.00
8'000.0
6.00
6'000.0
4.00
4'000.0
2.00
2'000.0
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
BLACKROCK
STATE STREET
PRIMECAP MANAGEMENT
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
INSTITUTIONAL CAPITA
BANK OF NEW YORK MEL
HARRIS ASSOCIATES LP
WELLINGTON MANAGEMEN
DAVIS SELECTED ADVIS
INVESCO LTD
NORTHERN TRUST CORPO
BARROW HANLEY MEWHIN
MACKAY SHIELDS LLC
WELLS FARGO
NEUBERGER BERMAN LLC
CLEARBRIDGE INVESTME
NORGES BANK
GEODE CAPITAL MANAGE
Firm Name
Morgan Stanley
Goldman Sachs
Argus Research Corp
Credit Suisse
SunTrust Robinson Humphrey
JPMorgan
Jefferies
Needham & Co
Pacific Crest Securities
Robert W. Baird & Co
Sanford C. Bernstein & Co
Wedbush
Raymond James
FBR Capital Markets
Macquarie
B Riley & Company, Inc
Stifel
Canaccord Genuity Corp
Evercore Partners
Oppenheimer & Co
Nomura
Wells Fargo Securities, LLC
Cowen and Company
Gabelli & Co
Susquehanna Financial Group
MKM Partners
Credit Agricole Securities (USA)
Barclays
BMO Capital Markets
Deutsche Bank
RBC Capital Markets
Sterne, Agee & Leach
ISI Group
Williams Financial Group
Exane BNP Paribas
Edward Jones
S&P Capital IQ
Tigress Financial Partners
EVA Dimensions
Drexel Hamilton LLC
Daiwa Securities Co. Ltd.
Davenport & Co
JMP Securities
Portfolio Name
n/a
n/a
n/a
PRIMECAP MANAGEMENT
VANGUARD GROUP INC
T ROWE PRICE ASSOCIA
INSTITUTIONAL CAPITA
BANK OF NEW YORK MEL
HARRIS ASSOC LP
WELLINGTON MANAGEMEN
DAVIS SELECTED ADVIS
n/a
NORTHERN TRUST CORPO
BARROW HANLEY MEWHIN
Multiple Portfolios
n/a
NEUBERGER BERMAN GRO
CLEARBRIDGE INVESTME
NORGES BANK
GEODE CAPITAL MANAGE
Analyst
JOSEPH MOORE
JAMES V COVELLO
JAMES KELLEHER
JOHN W PITZER
WILLIAM STEIN
CHRISTOPHER DANELY
MARK J LIPACIS
VERNON P ESSI JR
MICHAEL MCCONNELL
TRISTAN GERRA
STACY A RASGON
BETSY VAN HEES
J STEVEN SMIGIE
CHRISTOPHER ROLLAND
SHAWN WEBSTER
CRAIG ELLIS
TORE E SVANBERG
ROBERT BURLESON
PATRICK WANG
RICHARD SCHAFER
ROMIT SHAH
DAVID M WONG
TIMOTHY M ARCURI
HENDI SUSANTO
CHRISTOPHER CASO
DANIEL A BERENBAUM
SRINI PAJJURI
BLAYNE CURTIS
AMBRISH SRIVASTAVA
ROSS C SEYMORE
DOUG FREEDMAN
VIJAY R RAKESH
SUMIT DHANDA
CODY G ACREE
JEROME RAMEL
WILLIAM C KREHER
CHRISTIN ARMACOST
IVAN FEINSETH
ANDREW S ZAMFOTIS
RICHARD WHITTINGTON
YOKO YAMADA
F DRAKE JOHNSTONE
ALEX GAUNA
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
MF-AGG
ULT-AGG
13F
13F
13F
13F
Recommendation
Equalwt/In-Line
neutral/attractive
hold
neutral
reduce
overweight
buy
hold
sector perform
neutral
market perform
outperform
market perform
underperform
neutral
buy
hold
hold
equalweight
market perform
neutral
market perform
neutral
hold
neutral
neutral
underperform
equalweight
outperform
hold
sector perform
underperform
buy
buy
underperform
hold
buy
underperform
sell
hold
neutral
neutral
market outperform
Amt Held
193'119'021
61'637'232
58'667'163
57'763'753
51'292'102
33'495'251
26'632'178
23'430'134
22'414'916
21'542'986
15'877'608
14'896'737
14'882'074
11'142'097
10'104'317
9'548'425
9'524'297
8'945'581
7'922'648
7'538'362
% Out
17.41
5.56
5.29
5.21
4.62
3.02
2.4
2.11
2.02
1.94
1.43
1.34
1.34
1
0.91
0.86
0.86
0.81
0.71
0.68
Weighting
Change
3
3
3
3
2
5
5
3
3
3
3
5
3
1
3
5
3
3
3
3
3
3
3
3
3
3
1
3
5
3
3
1
5
5
1
3
5
1
1
3
3
3
4
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
N
D
M
U
M
M
Latest Chg
14'033'650
167'478
(538'050)
1'060'083
2'896'053
122'698
1'968'204
(3'663'592)
352'635
(1'447'465)
(1'266'900)
(150'090)
36'568
194'285
1'713'499
1'013'978
(350'053)
740'405
(817'051)
Target Price
#N/A N/A
36
#N/A N/A
35
30
37
42
#N/A N/A
#N/A N/A
35
38
37
#N/A N/A
30
38
39
#N/A N/A
35
35
#N/A N/A
30
#N/A N/A
#N/A N/A
#N/A N/A
32
29
34
31
40
32
35
30
40
41
26
#N/A N/A
42
#N/A N/A
#N/A N/A
32
34
#N/A N/A
33
File Dt
31.12.2012
23.04.2013
24.04.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
Not Provided
12 month
Not Provided
Not Provided
12 month
6 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Date
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
05.04.2013
02.04.2013
18.03.2013
14.02.2013
13.02.2013
28.01.2013
28.01.2013
17.10.2012
30.04.2013
Price/Volume
70
3.0 M
60
2.5 M
50
2.0 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (01.04.2013)
52-Week Low (25.10.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 18.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
VRSK UW EQUITY YTD Change
VRSK UW EQUITY YTD % CHANGE
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
1.0 M
20
.5 M
10
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
1.5 M
30
12/2012
12/yy
61.88
45.18
223'958.00
60.49
-2.25%
33.89%
91.68%
168.4
11'064.41
1'461.43
0.0
0.0
94.70
12'431.13
31.12.2009
31.12.2010
1'027.1
1'138.3
5.81x
5.78x
373.2
508.5
15.99x
12.93x
126.6
242.6
25.02x
26.02x
Profitability
LTM-4Q
31.12.2011
1'331.8
5.63x
588.6
12.74x
282.8
24.77x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'534.3
6.46x
695.8
14.25x
329.1
26.55x
695.79
591.59
38.56%
33.84%
16.87%
27.54%
0.79%
60.4%
45.3%
38.6%
21.5%
0.67
0.47
61.92%
571.78%
9.25
-
12/yy
1'331.8
20.85x
588.6
12.74x
282.8
24.77x
LTM
12/yy
1'534.3
24.44x
695.8
14.25x
329.1
26.55x
FY+1
0.00
0.65
149.41
0.47
23.58%
18.61%
0.646
13
4.000
175'684
216'511
229'067
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
1'724.3
1'882.5
403.6
419.5
7.07x
6.35x
30.58x
29.35x
782.5
861.8
181.4
184.5
15.89x
14.42x
15.90x
15.52x
403.3
455.4
91.7
93.5
25.87x
22.93x
25.91x
25.06x
S&P Issuer Ratings
29.03.2011
BBBSTABLE
9.60
8.57
1.96
2.10
571.8%
85.1%
0.79
11.22
39.57
105.68
-
Sales/Revenue/Turnover
25.00
1'800.0
1'600.0
20.00
1'400.0
1'200.0
15.00
1'000.0
800.0
10.00
600.0
400.0
5.00
200.0
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
GREATBANC TRUST CO
GREATBANC TRUST CO
MORGAN STANLEY
BLACKROCK
VANGUARD GROUP INC
ARTISAN PARTNERS HOL
FMR LLC
CAPITAL GROUP COMPAN
JANUS CAPITAL MANAGE
T ROWE PRICE ASSOCIA
BAMCO INC
NEUBERGER BERMAN LLC
SUN LIFE FINANCIAL I
INDEPENDENT FRANCHIS
TIAA CREF INVESTMENT
GENERAL RE NEW ENGLA
STATE STREET
WELLS FARGO
TCW GROUP INC
RENAISSANCE TECHNOLO
Firm Name
Wells Fargo Securities, LLC
Barclays
Susquehanna Financial Group
Evercore Partners
Raymond James
William Blair & Co
Keefe, Bruyette & Woods
Macquarie
Morgan Stanley
Credit Suisse
SunTrust Robinson Humphrey
JPMorgan
EVA Dimensions
Portfolio Name
n/a
GREATBANC TRUST CO
n/a
n/a
VANGUARD GROUP INC
ARTISAN PARTNERS LP
n/a
n/a
n/a
T ROWE PRICE ASSOCIA
BAMCO INC
NEUBERGER BERMAN GRO
n/a
INDEPENDENT FRANCHIS
TIAA-CREF INVESTMENT
GENERAL RE NEW ENGLA
n/a
n/a
TCW GROUP INCORPORAT
RENAISSANCE TECHNOLO
Analyst
ERIC J BOYER
MANAV PATNAIK
JAMES E FRIEDMAN
DAVID M TOGUT
WAYNE JOHNSON
TIMOTHY J MCHUGH
WILLIAM CLARK
KEVIN MCVEIGH
SUZANNE E STEIN
KELLY A FLYNN
ANDREW W JEFFREY
ANDREW C STEINERMAN
CRAIG STERLING
Source
Research
13F
ULT-AGG
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
13F
13F
Recommendation
outperform
overweight
Positive
equalweight
outperform
outperform
outperform
neutral
Equalwt/In-Line
outperform
buy
overweight
underweight
Amt Held
17'040'371
16'783'940
14'356'915
8'338'197
7'169'348
5'893'700
5'842'300
5'494'000
5'069'940
4'866'200
4'642'699
4'239'140
3'653'126
3'343'588
3'205'152
2'994'350
2'629'163
2'399'813
2'382'710
2'369'700
% Out
10.12
9.97
8.53
4.95
4.26
3.5
3.47
3.26
3.01
2.89
2.76
2.52
2.17
1.99
1.9
1.78
1.56
1.43
1.42
1.41
Weighting
Change
5
5
4
3
5
5
5
3
3
5
5
5
1
M
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
(256'431)
(3'153'025)
2'455'745
589'091
740'600
3'819'375
(491'000)
10'898
110'100
14'880
(321'904)
402'862
35'458
711'010
127'893
1'104'886
198'967
12'000
Target Price
#N/A N/A
62
63
59
62
#N/A N/A
63
64
55
63
68
65
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Insurance Company
24.04.2013
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
12 month
6 month
Not Provided
Date
24.04.2013
18.04.2013
12.04.2013
02.04.2013
26.03.2013
21.03.2013
07.03.2013
01.03.2013
28.02.2013
27.02.2013
27.02.2013
27.02.2013
15.01.2013
30.04.2013
Price/Volume
90
12.0 M
80
10.0 M
70
60
8.0 M
50
12/2012
12/yy
87.46
37.29
602'568.00
78.33
-10.44%
110.06%
81.80%
218.2
17'090.71
428.88
0.0
235.2
1'321.22
16'433.58
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
30
4.0 M
20
2.0 M
10
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
6.0 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (22.04.2013)
52-Week Low (04.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 15.02.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
VRTX UW EQUITY YTD Change
VRTX UW EQUITY YTD % CHANGE
31.12.2009
31.12.2010
101.9
143.4
72.99x
46.28x
(562.7)
(664.1)
(642.2)
(754.6)
Profitability
LTM-4Q
31.12.2011
1'410.6
4.65x
256.7
25.55x
29.6
37.43x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
1'527.0
5.53x
42.4
199.38x
(107.0)
62.66x
42.37
4.18
0.27%
-0.81%
-4.31%
-11.99%
0.62%
81.7%
2.8%
0.3%
-7.0%
3.67
3.39
15.54%
42.92%
9.36
3.92
12/yy
1'410.6
25.64x
256.7
25.55x
29.6
49.25x
LTM
12/yy
1'527.0
25.90x
42.4
199.38x
(107.0)
138.80x
FY+1
0.00
0.67
216.11
4.70
103.56%
86.77%
0.674
29
4.414
879'843
833'499
669'264
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
03/13 Q1 06/13 Q2
1'169.8
1'063.5
309.0
298.7
14.69x
16.21x
53.38x
55.26x
(99.5)
(234.6)
(14.6)
(20.8)
(94.1)
(167.7)
(10.6)
(18.2)
S&P Issuer Ratings
2.54
-1.73
-21.06
10.12
42.9%
25.8%
0.62
5.39
39.11
93.43
162.67
-30.13
Sales/Revenue/Turnover
70.00
1'800.0
60.00
1'600.0
1'400.0
50.00
1'200.0
40.00
1'000.0
30.00
800.0
600.0
20.00
400.0
10.00
0.00
01.01.2010
200.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
JENNISON ASSOCIATES
BLACKROCK
VANGUARD GROUP INC
GOLDMAN SACHS GROUP
STATE STREET
JANUS CAPITAL MANAGE
JP MORGAN
WELLINGTON MANAGEMEN
FMR LLC
CLEARBRIDGE INVESTME
LAZARD ASSET MANAGEM
HARBOR CAPITAL ADVIS
PRUDENTIAL FINANCIAL
NEUBERGER BERMAN LLC
LOOMIS SAYLES & COMP
SECTORAL ASSET MANAG
WESTFIELD CAPITAL MG
ALLIANCE BERNSTEIN
BANK OF NEW YORK MEL
Firm Name
Canaccord Genuity Corp
Sanford C. Bernstein & Co
Wells Fargo Securities, LLC
Morgan Stanley
William Blair & Co
Summer Street Research Partners
Deutsche Bank
Goldman Sachs
RBC Capital Markets
Janney Montgomery Scott LLC
Needham & Co
Robert W. Baird & Co
Leerink Swann & Co
ISI Group
Cowen and Company
S&P Capital IQ
Maxim Group LLC
Chardan Capital Markets
Barclays
Credit Suisse
JPMorgan
JMP Securities
Lazard Capital Markets
Piper Jaffray
EVA Dimensions
Argus Research Corp
Portfolio Name
n/a
JENNISON ASSOCIATES
n/a
VANGUARD GROUP INC
GOLDMAN SACHS GROUP
n/a
n/a
n/a
WELLINGTON MANAGEMEN
n/a
CLEARBRIDGE INVESTME
n/a
Multiple Portfolios
n/a
NEUBERGER BERMAN GRO
LOOMIS SAYLES & CO L
SECTORAL ASSET MANAG
WESTFIELD CAPITAL MA
n/a
BANK OF NEW YORK MEL
Analyst
SALVEEN J RICHTER
GEOFFREY C PORGES
BRIAN C ABRAHAMS
DAVID FRIEDMAN
Y KATHERINE XU
CAROL A WERTHER
ROBYN KARNAUSKAS
TERENCE FLYNN
MICHAEL J YEE
KIMBERLY LEE
ALAN CARR
BRIAN P SKORNEY
HOWARD LIANG
MARK J SCHOENEBAUM
PHILIP NADEAU
STEVEN SILVER
JASON KOLBERT
ANDREW FEIN
YING HUANG
RAVI MEHROTRA
GEOFFREY MEACHAM
LIISA A BAYKO
JOSHUA SCHIMMER
EDWARD A TENTHOFF
ANDREW S ZAMFOTIS
JOHN M EADE
Source
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
MF-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
Recommendation
buy
outperform
outperform
Equalwt/In-Line
outperform
buy
buy
neutral/attractive
outperform
buy
buy
outperform
outperform
neutral
neutral
buy
buy
buy
overweight
neutral
overweight
market outperform
neutral
neutral
overweight
hold
Amt Held
18'712'754
17'766'754
17'027'587
10'866'696
9'925'186
9'780'001
7'855'731
7'054'636
6'450'390
6'126'485
5'312'819
5'012'668
4'857'111
3'905'164
3'738'088
3'632'636
3'397'168
3'097'022
2'962'467
2'852'720
% Out
8.58
8.14
7.8
4.98
4.55
4.48
3.6
3.23
2.96
2.81
2.43
2.3
2.23
1.79
1.71
1.66
1.56
1.42
1.36
1.31
Weighting
Change
5
5
5
3
5
5
5
3
5
5
5
5
5
3
3
5
5
5
5
3
5
4
3
3
5
3
M
M
M
M
M
M
M
U
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
Latest Chg
4'772'675
2'436'793
754'426
4'089'468
204'513
282'156
(2'039'081)
673'868
(7'217'696)
(41'873)
3'454'119
891'004
458'892
1'110'564
(281'322)
(267'942)
(57'718)
(130'883)
152'256
Target Price
96
76
#N/A N/A
91
83
95
100
86
95
88
95
88
#N/A N/A
93
#N/A N/A
100
88
105
95
80
100
100
#N/A N/A
57
#N/A N/A
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Unclassified
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
Date
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
6 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Date
24.04.2013
23.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
19.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
18.04.2013
25.03.2013
14.02.2013
30.04.2013
Viacom Inc
Viacom Inc. produces media entertainment content. The Company creates and
acquires programming for television, the Internet, mobile devices, video games,
and other consumer electronics products. Viacom also produces, finances, and
distributes motion pictures to movie theaters and on DVDs, television, digital
and other platforms internationally.
Price/Volume
70
8.0 M
60
7.0 M
6.0 M
50
5.0 M
40
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (22.04.2013)
52-Week Low (03.08.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 15.01.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
VIAB UW EQUITY YTD Change
VIAB UW EQUITY YTD % CHANGE
09/2012
12/yy
66.89
44.85
1'011'223.00
63.65
-4.84%
41.92%
85.30%
443.8
31'544.02
8'149.00
0.0
170.0
848.00
39'428.02
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
3.0 M
20
2.0 M
10
1.0 M
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
4.0 M
30
31.12.2009
30.09.2010
13'619.0
1.82x
3'295.0
7.52x
1'611.0
11.57x
Profitability
LTM-4Q
30.09.2011
14'914.0
1.90x
4'125.0
6.88x
2'136.0
10.25x
30.09.2012
13'887.0
2.49x
4'137.0
8.37x
1'981.0
12.73x
4'137.00
3'901.00
28.09%
24.99%
10.00%
29.50%
16.24%
0.59%
49.6%
29.5%
27.8%
14.3%
1.27
0.88
36.62%
109.41%
4.65
7.94
12/yy
15'038.0
8.55x
4'092.0
7.78x
1'738.0
11.83x
LTM
12/yy
13'249.0
10.00x
3'913.0
8.70x
2'239.0
12.56x
FY+1
1.69
441.47
7.91
40.09%
21.22%
35
4.057
1'136'485
919'321
936'385
FY+2
FQ+1
FQ+2
09/13 Y
09/14 Y
03/13 Q2 06/13 Q3
13'770.5
14'404.8
3'182.4
3'583.2
2.89x
2.81x
12.57x
11.22x
4'212.3
4'483.1
899.1
1'168.5
9.36x
8.79x
8.97x
8.83x
2'313.9
2'465.4
474.9
650.8
13.55x
11.77x
12.80x
12.39x
S&P Issuer Ratings
29.07.2010
BBB+
STABLE
01.07.2009
A-2
9.73
9.37
1.97
2.14
109.4%
51.7%
0.59
12.65
78.76
46.09
14.31
94.98
Sales/Revenue/Turnover
16.00
16'000.0
14.00
14'000.0
12.00
12'000.0
10.00
10'000.0
8.00
8'000.0
6.00
6'000.0
4.00
4'000.0
2.00
2'000.0
0.00
02.01.2009 02.07.2009 02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013
0.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Viacom Inc
Holdings By:
All
Holder Name
BLACKROCK
STATE STREET
INVESCO LTD
VANGUARD GROUP INC
SUN LIFE FINANCIAL I
LAZARD ASSET MANAGEM
INSTITUTIONAL CAPITA
YACKTMAN ASSET MANAG
BANK OF NEW YORK MEL
FMR LLC
ALLIANCE BERNSTEIN
BERKSHIRE HATHAWAY I
LONGVIEW PARTNERS (G
GOLDMAN SACHS GROUP
NWQ INVESTMENT MANAG
NEUBERGER BERMAN LLC
NORTHERN TRUST CORPO
NORGES BANK
MANNING & NAPIER ADV
TIAA CREF INVESTMENT
Firm Name
Barrington Research
Nomura
Cowen and Company
Telsey Advisory Group
B Riley & Company, Inc
Lazard Capital Markets
Sanford C. Bernstein & Co
Credit Suisse
Wunderlich Securities
Barclays
EVA Dimensions
Wells Fargo Securities, LLC
Pivotal Research Group LLC
Deutsche Bank
Needham & Co
Stifel
Morgan Stanley
RBC Capital Markets
Davenport & Co
Edward Jones
Susquehanna Financial Group
Argus Research Corp
Wedbush
Evercore Partners
Atlantic Equities LLP
Macquarie
Gabelli & Co
Piper Jaffray
Janney Montgomery Scott LLC
S&P Capital IQ
Maxim Group LLC
JPMorgan
Goldman Sachs
BTIG LLC
Portfolio Name
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
INSTITUTIONAL CAPITA
YACKTMAN ASSET MANAG
BANK OF NEW YORK MEL
n/a
n/a
n/a
LONGVIEW PARTNERS (G
GOLDMAN SACHS GROUP
NWQ INVESTMENT MANAG
NEUBERGER BERMAN GRO
NORTHERN TRUST CORPO
NORGES BANK
MANNING & NAPIER ADV
TIAA-CREF INVESTMENT
Analyst
JAMES C GOSS
MICHAEL NATHANSON
DOUGLAS CREUTZ
JAISON BLAIR
DAVID W MILLER
BARTON CROCKETT
TODD JUENGER
MICHAEL SENNO
MATTHEW HARRIGAN
ANTHONY J DICLEMENTE
CRAIG STERLING
MARCI RYVICKER
BRIAN WIESER
DOUGLAS D MITCHELSON
LAURA A MARTIN
DREW E CRUM
BENJAMIN SWINBURNE
DAVID BANK
MICHAEL C MORRIS
ROBIN DIEDRICH
VASILY KARASYOV
JOSEPH F BONNER
JAMES G DIX
ALAN GOULD
HAMILTON FABER
TIMOTHY W NOLLEN
BRETT HARRISS
JAMES M MARSH JR
TONY WIBLE
TUNA AMOBI
JOHN TINKER
ALEXIA S QUADRANI
DREW BORST
RICHARD GREENFIELD
Source
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
market perform
buy
outperform
no rating system
buy
buy
underperform
neutral
hold
overweight
hold
outperform
buy
buy
buy
buy
Equalwt/Attractive
outperform
buy
hold
Positive
hold
neutral
equalweight
neutral
neutral
buy
neutral
buy
buy
buy
overweight
buy/attractive
buy
Amt Held
31'414'282
25'219'636
21'332'067
20'627'546
17'653'439
14'683'832
12'227'118
11'125'914
8'652'750
8'451'839
8'330'036
7'607'200
7'477'711
7'150'598
6'688'470
6'645'993
6'259'248
6'201'501
5'932'872
5'429'025
% Out
7.08
5.68
4.81
4.65
3.98
3.31
2.76
2.51
1.95
1.9
1.88
1.71
1.68
1.61
1.51
1.5
1.41
1.4
1.34
1.22
Weighting
Change
3
5
5
#N/A N/A
5
5
1
3
3
5
3
5
5
5
5
5
3
5
5
3
4
3
3
3
3
3
5
3
5
5
5
5
5
5
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
D
M
M
M
M
D
M
M
M
M
U
M
Latest Chg
3'501'466
504'949
(1'023'522)
171'155
(4'250'834)
1'316'432
(394'750)
(919'049)
283'024
2'109'419
(366'769)
7'477'711
(505'843)
(1'049'307)
246'859
(103'712)
(58'140)
2'825'622
(555'990)
Target Price
#N/A N/A
68
#N/A N/A
76
71
71
58
68
72
68
#N/A N/A
#N/A N/A
77
70
63
73
68
66
72
#N/A N/A
71
#N/A N/A
63
62
66
62
#N/A N/A
58
65
66
68
66
68
50
File Dt
23.04.2013
24.04.2013
31.12.2012
31.03.2013
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.03.2013
28.02.2013
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
Date
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
6 month
12 month
12 month
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Date
23.04.2013
23.04.2013
23.04.2013
23.04.2013
22.04.2013
21.04.2013
19.04.2013
17.04.2013
17.04.2013
16.04.2013
15.04.2013
12.04.2013
11.04.2013
10.04.2013
09.04.2013
09.04.2013
08.04.2013
08.04.2013
05.04.2013
04.04.2013
03.04.2013
11.03.2013
07.02.2013
05.02.2013
05.02.2013
01.02.2013
01.02.2013
01.02.2013
31.01.2013
31.01.2013
31.01.2013
29.01.2013
22.01.2013
14.01.2011
30.04.2013
Price/Volume
60
20.0 M
18.0 M
16.0 M
14.0 M
12.0 M
10.0 M
8.0 M
6.0 M
4.0 M
2.0 M
.0 M
50
40
30
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (11.04.2013)
52-Week Low (18.05.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 23.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
VMED UW EQUITY YTD Change
VMED UW EQUITY YTD % CHANGE
12/2012
03/yy
50.29
21.25
744'268.00
49.13
-2.30%
131.20%
96.02%
270.5
13'289.85
5'929.10
0.0
0.0
206.30
14'373.87
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
10
0
a-12 m-12
31.12.2009
31.12.2010
3'663.9
3'875.8
2.45x
2.88x
1'348.9
1'510.2
6.67x
7.39x
(357.8)
(141.4)
Profitability
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
LTM-4Q
31.12.2011
3'991.8
2.38x
1'590.2
5.98x
75.9
29.33x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
4'100.5
2.88x
1'653.5
7.15x
2'852.6
20.76x
1'653.50
701.80
17.11%
6.37%
32.22%
155.53%
0.45%
60.3%
40.5%
17.3%
69.6%
0.67
0.53
56.44%
187.77%
9.70
248.73
03/yy
4'015.7
10.19x
1'590.6
6.27x
79.6
30.04x
LTM
03/yy
4'136.8
11.34x
1'675.5
8.66x
2'984.5
26.43x
FY+1
0.50
0.88
269.54
27.44
101.06%
33.80%
0.881
17
3.471
635'047
809'228
1'540'881
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
4'248.8
4'388.4
1'052.5
1'070.0
3.26x
3.10x
11.99x
11.58x
1'734.0
1'807.8
436.0
457.0
8.29x
7.95x
429.6
484.4
109.5
127.0
19.95x
16.32x
S&P Issuer Ratings
06.02.2013
BB *4.15
2.18
3.46
3.65
187.8%
65.3%
0.45
0.91
37.64
1.47
66.06
-33.31
Sales/Revenue/Turnover
9.00
4'500.0
8.00
4'000.0
7.00
3'500.0
6.00
3'000.0
5.00
2'500.0
4.00
2'000.0
3.00
1'500.0
2.00
1'000.0
1.00
500.0
0.00
01.01.2010
j-12
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
20
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
CAPITAL GROUP COMPAN
ROYAL BANK OF CANADA
COATUE MANAGEMENT LL
SCHRODER INVESTMENT
GOLDMAN SACHS GROUP
VANGUARD GROUP INC
NORGES BANK
SUN LIFE FINANCIAL I
FMR LLC
BLACKROCK
TIMESSQUARE CAPITAL
BNP PARIBAS INV PART
BANK OF AMERICA CORP
GREENLIGHT CAPITAL I
STATE STREET
BLUE RIDGE CAPITAL L
LANSDOWNE PARTNERS L
WELLS FARGO
WELLINGTON MANAGEMEN
OPPENHEIMERFUNDS INC
Firm Name
Portfolio Name
n/a
n/a
COATUE MANAGEMENT LL
SCHRODER INVESTMENT
GOLDMAN SACHS GROUP
VANGUARD GROUP INC
NORGES BANK
n/a
n/a
n/a
TIMESSQUARE CAPITAL
n/a
BANK OF AMERICA
GREENLIGHT CAPITAL I
n/a
BLUE RIDGE CAPITAL L
LANSDOWNE PARTNERS L
n/a
WELLINGTON MANAGEMEN
OPPENHEIMER FUNDS IN
Analyst
Barclays
MICHAEL BISHOP
Jefferies
JEREMY A DELLIS
Sanford C. Bernstein & Co
ROBIN BIENENSTOCK
Evercore Partners
BRYAN KRAFT
Nomura
HENRIK NYBLOM
Credit Suisse
PAUL SIDNEY
Wunderlich Securities
MATTHEW HARRIGAN
Exane BNP Paribas
MICHAEL WILLIAMS
Deutsche Bank
DAVID A WRIGHT
EVA Dimensions
CRAIG STERLING
Peel Hunt
PATRICK YAU
Berenberg Bank
STUART GORDON
Macquarie
GUY R PEDDY
Espirito Santo Investment Bank Research
ANDREW HOGLEY
New Street Research
FRANK KNOWLES
Goldman Sachs
TIMOTHY BODDY
JPMorgan
CARL MURDOCK-SMITH
HSBC
ADAM M RUMLEY
Raymond James
STEPHANE BEYAZIAN
Source
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
ULT-AGG
13F
13F
Recommendation
overweight
hold
market perform
equalweight
buy
restricted
buy
outperform
hold
sell
hold
hold
neutral
neutral
Under Review
not rated
restricted
overweight
market perform
Amt Held
44'458'515
21'657'465
16'109'508
10'948'447
10'865'101
10'531'931
9'548'492
9'532'507
7'864'855
7'180'248
6'959'260
5'617'529
5'550'366
4'920'000
4'771'316
4'600'000
4'093'694
3'987'460
3'924'506
3'870'260
% Out
16.44
8.01
5.96
4.05
4.02
3.89
3.53
3.52
2.91
2.65
2.57
2.08
2.05
1.82
1.76
1.7
1.51
1.47
1.45
1.43
Weighting
Change
5
3
3
3
5
#N/A N/A
5
5
3
1
3
3
3
3
#N/A N/A
#N/A N/A
#N/A N/A
5
3
M
M
M
M
M
M
M
M
M
D
M
M
D
D
M
M
M
M
M
Latest Chg
(20'055'800)
125'106
1'467'296
(1'410'417)
(91'935)
(1'495'052)
(2'911'928)
(423'785)
746'923
(2'051'750)
336'694
(2'507'819)
54'658
4'600'000
3'629'865
3'636'674
(1'269'016)
574'260
Target Price
50
33
45
49
40
#N/A N/A
55
50
48
#N/A N/A
46
47
46
46
#N/A N/A
#N/A N/A
#N/A N/A
43
#N/A N/A
File Dt
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
28.02.2013
23.04.2013
31.12.2012
28.02.2013
31.12.2012
31.12.2012
24.04.2013
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
Date
Not Provided
12 month
12 month
12 month
12 month
Not Provided
18 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Inst Type
Investment Advisor
Bank
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Government
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Hedge Fund Manager
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
Date
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
22.04.2013
22.04.2013
19.04.2013
17.04.2013
28.03.2013
25.03.2013
06.03.2013
07.02.2013
07.02.2013
07.02.2013
05.02.2013
05.02.2013
12.11.2012
04.09.2012
30.04.2013
Price/Volume
35
12.0 M
30
10.0 M
25
8.0 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (29.04.2013)
52-Week Low (21.02.2013)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 29.04.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
VOD UW EQUITY YTD Change
VOD UW EQUITY YTD % CHANGE
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
Price/ Cash Flow
1.20
4.0 M
10
2.0 M
5
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
6.0 M
15
03/2012
12/yy
30.80
24.42
1'791'548.00
30.59
-0.68%
25.27%
96.71%
4'888.6
149'541.55
34'706.00
0.0
1'267.0
8'461.00
-
31.03.2009
31.03.2010
41'017.0
44'472.0
2.36x
2.54x
14'520.0
14'820.0
6.67x
7.62x
3'078.0
8'645.0
Profitability
LTM-4Q
31.03.2011
45'884.0
2.67x
14'668.0
8.35x
7'968.0
-
31.03.2012
46'417.0
2.43x
18'214.0
6.20x
6'957.0
18'214.00
10'355.00
22.31%
20.57%
-1.22%
-2.22%
-3.81%
0.32%
32.0%
31.1%
14.3%
15.0%
0.83
0.51
24.87%
45.11%
3.76
53.11
LTM
12/yy
46'525.0
0.00x
0.0
0.00x
0.0
0.00x
12/yy
44'447.0
0.00x
0.0
0.00x
0.0
0.00x
FY+1
0.75
12.64
16.49%
21.44%
0.754
7
4.143
1'929'793
2'232'206
2'650'918
FY+2
FQ+1
FQ+2
03/13 Y
03/14 Y
03/13 Q4 06/13 Q1
44'826.8
45'062.5
13'234.8
13'215.8
8'063.9
8'416.2
12.21x
11.76x
S&P Issuer Ratings
30.05.2006
ASTABLE
30.05.2006
A-2
9.43
6.96
1.51
2.06
45.1%
30.7%
0.32
2.41
97.36
6.89
-14.42
Sales/Revenue/Turnover
50'000.0
45'000.0
1.00
40'000.0
35'000.0
0.80
0.60
0.40
30'000.0
25'000.0
20'000.0
15'000.0
10'000.0
0.20
5'000.0
0.0
0.00
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
FMR LLC
INVESCO LTD
INSTITUTIONAL CAPITA
DODGE & COX
BARROW HANLEY MEWHIN
DIMENSIONAL FUND ADV
HOTCHKIS & WILEY CAP
MORGAN STANLEY
T ROWE PRICE ASSOCIA
WELLS FARGO
WELLINGTON MANAGEMEN
BANK OF AMERICA CORP
MACKAY SHIELDS LLC
BLACKROCK
STATE FARM MUTUAL AU
LETKO BROSSEAU & ASS
BMO FINANCIAL CORP
FISHER INVESTMENTS I
UBS
SCHAFER CULLEN CAPIT
Firm Name
Sanford C. Bernstein & Co
Edward Jones
EVA Dimensions
Goldman Sachs
Robert W. Baird & Co
Davenport & Co
Portfolio Name
n/a
n/a
INSTITUTIONAL CAPITA
DODGE & COX
BARROW HANLEY MEWHIN
DIMENSIONAL FUND ADV
HOTCHKIS AND WILEY
n/a
T ROWE PRICE ASSOCIA
n/a
WELLINGTON MANAGEMEN
BANK OF AMERICA
Multiple Portfolios
n/a
STATE FARM MUTUAL AU
LETKO BROSSEAU & ASS
BMO FINANCIAL CORP
FISHER INVESTMENTS
n/a
SCHAFER CULLEN CAPIT
Analyst
ROBIN BIENENSTOCK
DAVID HEGER
ANDREW S ZAMFOTIS
TIMOTHY BODDY
WILLIAM V POWER
F DRAKE JOHNSTONE
Source
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
MF-AGG
ULT-AGG
13F
13F
13F
13F
ULT-AGG
13F
Recommendation
underperform
buy
buy
Buy/Neutral
outperform
neutral
Amt Held
45'364'547
30'692'969
29'093'934
24'142'133
22'026'860
18'034'949
16'309'108
15'077'867
12'781'495
11'818'760
11'472'680
10'689'113
9'983'851
9'617'709
9'574'678
9'441'183
9'196'739
8'340'373
8'083'610
7'675'322
% Out
0.93
0.63
0.6
0.49
0.45
0.37
0.33
0.31
0.26
0.24
0.23
0.22
0.2
0.2
0.2
0.19
0.19
0.17
0.17
0.16
Weighting
Change
1
5
5
5
5
3
M
M
M
M
M
M
Latest Chg
1'801'302
(893'927)
(1'007'886)
(816'942)
(229'054)
(46'157)
678'457
999'300
(652'843)
(4'282'307)
(705'862)
(2'337'983)
251'700
(5'934'996)
(360'362)
28'686
1'328'134
328'670
1'079'518
Target Price
21
#N/A N/A
#N/A N/A
33
30
#N/A N/A
File Dt
28.02.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
28.02.2013
31.12.2012
31.12.2012
28.02.2013
23.04.2013
31.12.2012
31.12.2012
31.03.2013
31.03.2013
31.12.2012
31.03.2013
Date
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Inst Type
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Insurance Company
Investment Advisor
Investment Advisor
Investment Advisor
Unclassified
Investment Advisor
Date
17.04.2013
03.04.2013
28.03.2013
26.03.2013
13.03.2013
07.02.2013
30.04.2013
Price/Volume
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (25.04.2013)
52-Week Low (28.06.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 29.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
WDC UW EQUITY YTD Change
WDC UW EQUITY YTD % CHANGE
06/2012
03/yy
57.95
28.32
1'244'964.00
54.12
-6.61%
91.10%
87.07%
240.7
13'024.81
2'185.00
0.0
0.0
3'208.00
10'977.81
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
6.0 M
50
5.0 M
40
4.0 M
30
3.0 M
20
2.0 M
10
1.0 M
0
j-12
.0 M
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13
m-13
a-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
60
30.06.2009
30.06.2010
7'453.0
9'850.0
0.62x
0.47x
1'106.0
2'035.0
4.15x
2.28x
470.0
1'382.0
10.97x
5.03x
Profitability
LTM-4Q
30.06.2011
9'526.0
0.56x
1'383.0
3.86x
726.0
11.58x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.06.2012
12'478.0
0.52x
2'890.0
2.24x
1'612.0
3.89x
2'890.00
2'065.00
16.55%
14.08%
14.00%
25.13%
19.73%
1.15%
29.2%
23.1%
15.3%
12.9%
1.77
1.38
15.38%
28.49%
8.03
9.35
LTM
03/yy
10'127.0
2.14x
1'970.0
5.16x
1'025.0
7.68x
03/yy
16'377.0
1.39x
2'986.0
0.00x
1'990.0
5.96x
FY+1
0.92
213.85
6.18
28.03%
28
3.500
1'381'340
877'820
873'356
FY+2
FQ+1
FQ+2
06/13 Y
06/14 Y
06/13 Q4 09/13 Q1
15'226.4
14'866.5
3'614.9
3'757.5
0.70x
0.62x
2.92x
2.73x
3'449.6
3'124.0
774.3
846.0
3.18x
3.51x
3.30x
3.27x
2'013.8
1'848.1
433.2
489.6
6.52x
6.85x
6.91x
6.80x
S&P Issuer Ratings
29.04.1999
NR
111.15
83.58
-0.54
0.53
28.5%
22.2%
1.15
4.11
45.31
38.92
76.09
5.90
Sales/Revenue/Turnover
4.00
14'000.0
3.50
12'000.0
3.00
10'000.0
2.50
8'000.0
2.00
6'000.0
1.50
4'000.0
1.00
2'000.0
0.50
0.00
03.07.2009
0.0
03.01.2010
03.07.2010
03.01.2011
03.07.2011
03.01.2012
03.07.2012
03.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
HITACHI LTD
VANGUARD GROUP INC
STATE STREET
BLACKROCK
ALKEN ASSET MANAGEME
FIRST PACIFIC ADVISO
OPPENHEIMERFUNDS INC
LSV ASSET MANAGEMENT
BRANDES INVESTMENT P
CORNERSTONE INVESTME
INVESCO LTD
BANK OF NEW YORK MEL
APG ALL PENSIONS GRO
HERNDON CAPITAL MANA
NORTHERN TRUST CORPO
COMMONWEALTH BANK OF
BRANDYWINE GLOBAL IN
NORGES BANK
FMR LLC
AQR CAPITAL MANAGEME
Firm Name
Morgan Stanley
Goldman Sachs
RBC Capital Markets
JPMorgan
Barclays
BMO Capital Markets
Deutsche Bank
Evercore Partners
Wells Fargo Securities, LLC
Lazard Capital Markets
Cross Research
Brean Murray Carret & Co
Pacific Crest Securities
Longbow Research
Tigress Financial Partners
Daiwa Securities Co. Ltd.
Argus Research Corp
Credit Agricole Securities (USA)
Needham & Co
Robert W. Baird & Co
Stifel
Noble Financial Group
Craig-Hallum Capital Group LLC
FBN Securities
EVA Dimensions
Wedge Partners
S&P Capital IQ
Portfolio Name
n/a
VANGUARD GROUP INC
n/a
n/a
ALKEN ASSET MANAGEME
FIRST PACIFIC ADVISO
OPPENHEIMER FUNDS IN
LSV ASSET MANAGEMENT
BRANDES INVESTMENT P
CORNERSTONE INVESTME
n/a
BANK OF NEW YORK MEL
APG ALL PENSIONS GRO
HERNDON CAPITAL MANA
NORTHERN TRUST CORPO
COMMONWEALTH BANK OF
BRANDYWINE GLOBAL IN
NORGES BANK
n/a
AQR CAPITAL MANAGEME
Analyst
KATHRYN HUBERTY
WILLIAM C SHOPE JR
AMIT DARYANANI
MARK A MOSKOWITZ
BENJAMIN A REITZES
KEITH F BACHMAN
SHERRI SCRIBNER
ROBERT CIHRA
MAYNARD UM
EDWARD PARKER
STEVEN B FOX
ANANDA BARUAH
MONIKA GARG
JOE WITTINE
IVAN FEINSETH
YOKO YAMADA
JAMES KELLEHER
AVI SILVER
RICHARD J KUGELE
JAYSON NOLAND SR
AARON C RAKERS
MARK S MILLER
CHRISTIAN SCHWAB
SHEBLY SEYRAFI
ANDREW S ZAMFOTIS
KIRK ADAMS
JIM YIN
Source
ULT-AGG
13F
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
Recommendation
Equalwt/In-Line
neutral/cautious
outperform
neutral
equalweight
market perform
buy
overweight
market perform
buy
hold
buy
sector perform
neutral
buy
neutral
hold
underperform
strong buy
neutral
buy
buy
buy
sector perform
buy
no rating system
sell
Amt Held
25'000'000
14'830'208
12'022'830
11'722'308
8'878'439
6'662'900
5'407'491
5'374'730
4'620'895
4'520'071
3'772'247
3'344'100
3'274'010
3'125'852
3'090'511
3'063'188
2'968'439
2'865'152
2'743'512
2'526'308
% Out
10.39
6.16
5
4.87
3.69
2.77
2.25
2.23
1.92
1.88
1.57
1.39
1.36
1.3
1.28
1.27
1.23
1.19
1.14
1.05
Weighting
Change
3
3
5
3
3
3
5
5
3
5
3
5
3
3
5
3
3
1
5
3
5
5
5
3
5
#N/A N/A
1
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
467'096
(752'855)
(3'211'794)
25'829
(1'393'600)
848'713
(315'100)
(499'946)
(1'799'884)
2'334'512
324'826
(174'184)
188'163
(56'703)
3'003'257
1'265'072
1'173'309
1'071'930
641'724
Target Price
#N/A N/A
50
60
47
45
45
62
70
#N/A N/A
58
49
60
#N/A N/A
#N/A N/A
#N/A N/A
51
#N/A N/A
47
52
50
55
52
54
50
#N/A N/A
#N/A N/A
27
File Dt
Inst Type
17.09.2012
Corporation
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Bank
31.12.2012
Investment Advisor
31.12.2012
Government
28.02.2013
Investment Advisor
31.12.2012 Hedge Fund Manager
Date
Not Provided
6 month
12 month
6 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
Not Provided
12 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
Not Provided
Date
25.04.2013
25.04.2013
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
22.04.2013
05.04.2013
01.04.2013
15.03.2013
13.03.2013
30.01.2013
29.01.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
24.01.2013
15.01.2013
14.01.2013
30.11.2012
30.04.2013
Price/Volume
120
3.0 M
2.5 M
60
09/2012
01/yy
99.67
79.79
578'822.00
88.13
-11.57%
10.45%
41.95%
185.3
16'333.31
24.12
0.0
0.0
1'220.23
15'432.31
2.0 M
1.5 M
40
1.0 M
20
.5 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
3.5 M
80
Valuation Analysis
30.09.2008
7'953.9
0.48x
485.5
7.82x
114.5
21.96x
4.0 M
100
30.09.2009
30.09.2010
8'031.6
9'005.8
0.59x
0.71x
551.0
762.8
8.65x
8.42x
146.8
245.8
29.06x
23.02x
Profitability
LTM-4Q
30.09.2011
10'107.8
1.14x
883.9
13.08x
342.6
32.32x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
30.09.2012
11'698.8
1.44x
1'111.8
15.17x
465.6
35.94x
1'111.84
800.29
6.84%
6.43%
10.27%
14.67%
2.53%
35.5%
9.6%
7.0%
4.0%
2.15
1.45
0.46%
0.63%
68.57
20.16
LTM
01/yy
10'495.1
4.35x
934.2
13.34x
372.2
32.46x
01/yy
12'163.9
5.23x
1'170.5
13.57x
493.2
31.77x
FY+1
2.97
0.99
183.51
3.55
9.23%
-3.06%
0.991
31
3.935
567'679
582'475
642'573
FY+2
FQ+1
FQ+2
09/13 Y
09/14 Y
03/13 Q2 06/13 Q3
13'058.3
14'925.7
3'028.4
3'101.3
1.18x
1.01x
5.05x
4.92x
1'214.5
1'419.1
298.7
305.6
12.71x
10.87x
12.07x
11.58x
540.6
646.6
137.4
138.3
30.68x
25.94x
29.26x
28.01x
S&P Issuer Ratings
07.08.2012
BBBSTABLE
1314.23
774.93
-0.77
0.02
0.6%
0.6%
2.53
5.75
5.41
18.41
11.06
11.54
Sales/Revenue/Turnover
25.00
14'000.0
12'000.0
20.00
10'000.0
15.00
8'000.0
6'000.0
10.00
4'000.0
5.00
0.00
02.10.2009
2'000.0
0.0
02.04.2010
02.10.2010
02.04.2011
02.10.2011
02.04.2012
02.10.2012
02.04.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
BAILLIE GIFFORD AND
BLACKROCK
JENNISON ASSOCIATES
STATE STREET
T ROWE PRICE ASSOCIA
WELLS FARGO
VANGUARD GROUP INC
FMR LLC
AMERICAN CENTURY COM
JP MORGAN
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
HARBOR CAPITAL ADVIS
CAPITAL GROUP COMPAN
INVESCO LTD
RENAISSANCE TECHNOLO
NORGES BANK
ING INVESTMENT MANAG
FRANKLIN RESOURCES
WADDELL & REED FINAN
Firm Name
BMO Capital Markets
Williams Capital Group
Northcoast Research
Wells Fargo Securities, LLC
Longbow Research
Piper Jaffray
Edward Jones
Morgan Stanley
Raymond James
SunTrust Robinson Humphrey
Susquehanna Financial Group
Tigress Financial Partners
Cantor Fitzgerald
CL King & Associates
Goldman Sachs
Deutsche Bank
Argus Research Corp
RBC Capital Markets
JPMorgan
William Blair & Co
Canaccord Genuity Corp
BB&T Capital Markets
Guggenheim Securities LLC
Cowen and Company
Barclays
Telsey Advisory Group
Credit Suisse
EVA Dimensions
S&P Capital IQ
Gabelli & Co
Portfolio Name
BAILLIE GIFFORD & CO
n/a
JENNISON ASSOCIATES
n/a
T ROWE PRICE ASSOCIA
n/a
VANGUARD GROUP INC
n/a
AMERICAN CENTURY COM
n/a
BANK OF NEW YORK MEL
NORTHERN TRUST CORPO
Multiple Portfolios
n/a
n/a
RENAISSANCE TECHNOLO
NORGES BANK
ING INVESTMENT MANAG
n/a
WADDELL & REED FINAN
Analyst
KAREN SHORT
MARC RIDDICK
CHARLES E CERANKOSKY
KATE WENDT
PHILIP TERPOLILLI
SEAN NAUGHTON
BRIAN YARBROUGH
MARK WILTAMUTH
BENJAMIN BROWNLOW
DAVID G MAGEE
ROBERT SUMMERS
IVAN FEINSETH
AJAY JAIN
ERIC J LARSON
STEPHEN GRAMBLING
SHANE HIGGINS
CHRISTOPHER GRAJA
EDWARD AARON
KENNETH GOLDMAN
MARK R MILLER
SCOTT VAN WINKLE
ANDREW P WOLF
JOHN HEINBOCKEL
PAUL L WESTRA
MEREDITH ADLER
JOSEPH I FELDMAN
EDWARD J KELLY
AUSTIN BURKETT
JOSEPH AGNESE
JUSTYN PUTNAM
Source
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
MF-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
13F
Recommendation
outperform
market perform
buy
outperform
neutral
neutral
buy
Overwt/In-Line
market perform
buy
Positive
buy
buy
neutral
Buy/Neutral
buy
hold
outperform
overweight
outperform
buy
hold
neutral
outperform
equalweight
no rating system
neutral
underweight
hold
buy
Amt Held
11'091'999
10'538'739
9'822'593
9'703'018
9'695'592
8'993'254
7'988'240
6'551'626
3'836'954
3'689'977
3'685'768
3'094'554
2'868'018
2'822'000
2'699'598
2'100'974
2'040'189
1'941'788
1'559'082
1'540'444
% Out
5.98
5.69
5.3
5.24
5.23
4.85
4.31
3.54
2.07
1.99
1.99
1.67
1.55
1.52
1.46
1.13
1.1
1.05
0.84
0.83
Weighting
Change
5
3
5
5
3
3
5
5
3
5
4
5
5
3
5
5
3
5
5
5
5
3
3
5
3
#N/A N/A
3
1
3
5
M
M
M
M
M
M
M
M
N
M
M
N
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
N
Latest Chg
(18'127)
719'263
86'880
68'316
2'547'726
1'074'828
270'757
(961'753)
(321'679)
439'586
(732'015)
(858'303)
(289'568)
(406'600)
(144'121)
35'900
1'287'030
582'564
13'681
(153'770)
Target Price
105
99
112
#N/A N/A
#N/A N/A
89
#N/A N/A
110
#N/A N/A
105
110
#N/A N/A
104
88
103
100
#N/A N/A
100
103
#N/A N/A
112
#N/A N/A
105
#N/A N/A
88
105
90
#N/A N/A
99
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
31.12.2012
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
28.02.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Government
31.12.2012
Investment Advisor
31.01.2013
Investment Advisor
31.12.2012
Investment Advisor
Date
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
6 month
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
Not Provided
Date
23.04.2013
23.04.2013
18.04.2013
15.04.2013
11.04.2013
04.04.2013
02.04.2013
20.03.2013
19.03.2013
18.03.2013
06.03.2013
20.02.2013
19.02.2013
19.02.2013
18.02.2013
15.02.2013
15.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
14.02.2013
13.02.2013
15.01.2013
08.11.2012
28.11.2008
30.04.2013
Price/Volume
140
1.8 M
120
1.6 M
1.4 M
100
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (29.04.2013)
52-Week Low (26.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 13.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
WYNN UW EQUITY YTD Change
WYNN UW EQUITY YTD % CHANGE
12/2012
12/yy
136.50
84.49
334'960.00
135.8
-0.51%
60.73%
98.65%
100.9
13'703.81
5'810.76
0.0
363.0
1'725.22
18'152.32
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
1.0 M
60
.8 M
.6 M
40
.4 M
20
.2 M
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
1.2 M
80
31.12.2009
31.12.2010
3'045.6
4'184.7
2.92x
3.61x
674.0
1'056.0
13.18x
14.29x
20.7
160.1
215.67x
48.75x
Profitability
LTM-4Q
31.12.2011
5'269.8
3.02x
1'536.9
10.36x
613.4
22.50x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
5'154.3
3.06x
1'442.5
10.95x
502.0
21.55x
1'442.45
1'069.25
20.74%
14.22%
7.08%
17.87%
0.73%
36.9%
29.0%
21.8%
9.7%
1.95
1.74
79.86%
21.61
47.87
12/yy
5'269.8
13.17x
1'536.9
10.36x
613.4
19.28x
LTM
12/yy
5'154.3
12.59x
1'442.5
10.95x
502.0
21.02x
FY+1
7.36
1.31
80.33
4.55
11.12%
21.71%
1.311
30
4.233
480'948
387'607
400'310
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
5'428.1
5'654.9
1'349.9
1'345.1
3.29x
3.20x
13.18x
13.24x
1'702.8
1'771.8
428.5
418.4
10.66x
10.24x
10.64x
10.45x
692.2
727.1
169.1
163.1
20.45x
19.40x
21.36x
20.68x
S&P Issuer Ratings
10.06.2011
BB+
STABLE
4.96
4.13
2.83
4.03
98.2%
0.73
1.07
16.94
7.65
18.98
5.60
Sales/Revenue/Turnover
16.00
6'000.0
14.00
5'000.0
12.00
4'000.0
10.00
8.00
3'000.0
6.00
2'000.0
4.00
1'000.0
2.00
0.00
01.01.2010
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
All
Holder Name
WADDELL & REED FINAN
WYNN STEPHEN A
WYNN ELAINE P
MARSICO CAPITAL MANA
CAPITAL GROUP COMPAN
STATE STREET
BLACKROCK
VANGUARD GROUP INC
AMERIPRISE FINANCIAL
LATEEF INVESTMENT MA
INVESCO LTD
COLUMBIA MANAGEMENT
THORNBURG INVESTMENT
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
SOROBAN CAPITAL PART
BAMCO INC
PACIFIC HEIGHTS ASSE
BANK OF NEW YORK MEL
NORGES BANK
Firm Name
Portfolio Name
WADDELL & REED FINAN
n/a
n/a
MARSICO CAPITAL MANA
n/a
n/a
n/a
VANGUARD GROUP INC
AMERIPRISE FINANCIAL
LATEEF INVESTMENT MA
n/a
Multiple Portfolios
THORNBURG INVESTMENT
GOLDMAN SACHS GROUP
NORTHERN TRUST CORPO
SOROBAN CAPITAL PART
BAMCO INC
PACIFIC HEIGHTS ASSE
BANK OF NEW YORK MEL
NORGES BANK
Analyst
Source
13F
PROXY
Form 4
13F
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
ULT-AGG
MF-AGG
13F
13F
13F
13F
13F
13F
13F
13F
Recommendation
no rating system
hold
buy
outperform
buy
buy
buy
Positive
overweight
outperform
neutral
overweight
buy
buy
neutral
Equalwt/In-Line
neutral
buy
buy
buy
neutral
outperform
outperform
buy
Buy/Neutral
underweight
outperform
neutral
Amt Held
15'039'402
10'026'708
9'659'355
5'410'939
4'603'200
4'112'414
4'053'832
3'754'501
3'044'202
2'666'549
1'781'682
1'393'750
1'374'520
1'007'868
994'084
990'000
921'613
908'000
797'762
794'161
% Out
14.9
9.94
9.57
5.36
4.56
4.08
4.02
3.72
3.02
2.64
1.77
1.38
1.36
1
0.99
0.98
0.91
0.9
0.79
0.79
Weighting
Change
#N/A N/A
3
5
5
5
5
5
4
5
5
3
5
5
5
3
3
3
5
5
5
3
5
5
5
5
1
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
M
M
N
Latest Chg
434'885
(82'795)
515'471
2'386'800
145'874
(127'336)
193'403
582'867
114'357
55'727
(74'527)
179'320
678'903
(12'807)
990'000
(87'840)
(300'000)
(571)
107'904
Target Price
131
#N/A N/A
151
#N/A N/A
145
144
146
146
139
133
120
149
141
175
119
127
119
140
#N/A N/A
150
130
132
144
150
159
#N/A N/A
145
#N/A N/A
File Dt
Inst Type
31.12.2012
Investment Advisor
01.03.2013
n/a
04.02.2013
n/a
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
24.04.2013
Investment Advisor
23.04.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
28.02.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Government
Date
Not Provided
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
12 month
12 month
9 month
12 month
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Date
24.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
21.04.2013
17.04.2013
17.04.2013
17.04.2013
16.04.2013
15.04.2013
10.04.2013
09.04.2013
02.04.2013
04.03.2013
04.02.2013
01.02.2013
01.02.2013
01.02.2013
01.02.2013
01.02.2013
01.02.2013
31.01.2013
31.01.2013
17.01.2013
15.01.2013
07.01.2013
18.07.2012
30.04.2013
Xilinx Inc
Xilinx, Inc. designs, develops, and markets complete programmable logic
solutions. The Company's solutions include advanced integrated circuits,
software design tools, predefined system functions delivered as cores of logic,
and field engineering support. Xilinx sells its products through several
channels of distribution to customers in the United States and overseas.
Price/Volume
45
3.0 M
40
2.5 M
35
30
2.0 M
25
03/2013
03/yy
39.43
30.25
597'571.00
37.69
-4.41%
24.60%
81.05%
261.6
9'858.26
922.67
0.0
0.0
1'714.75
9'066.18
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Net Income
P/E
15
1.0 M
10
.5 M
5
0
a-12
.0 M
m-12
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
1.5 M
20
Valuation Analysis
Latest Fiscal Year:
LTM as of:
52-Week High (19.02.2013)
52-Week Low (24.07.2012)
Daily Volume
Current Price (4/dd/yy)
52-Week High % Change
52-Week Low % Change
% 52 Week Price Range High/Low
Shares Out 30.03.2013
Market Capitalization
Total Debt
Preferred Stock
Minority Interest
Cash and Equivalents
Enterprise Value
Relative Stock Price Performance
XLNX UW EQUITY YTD Change
XLNX UW EQUITY YTD % CHANGE
31.03.2010
31.03.2011
1'833.6
2'369.4
3.30x
3.17x
527.4
864.6
11.47x
8.69x
357.5
641.9
19.91x
13.23x
Profitability
LTM-4Q
31.03.2012
2'240.7
3.84x
718.9
11.97x
530.1
18.33x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.03.2013
2'168.7
487.5
21.32x
654.29
580.73
26.78%
25.22%
10.61%
17.19%
14.56%
0.47%
66.0%
30.2%
26.8%
22.5%
5.94
5.03
19.51%
31.14%
9.77
3.63
03/yy
2'240.7
13.93x
718.9
11.97x
530.1
17.71x
LTM
03/yy
2'168.7
11.23x
488.8
0.00x
487.5
21.44x
FY+1
2.33
1.18
261.13
7.86
6.31%
5.62%
1.181
32
3.813
937'386
809'048
909'309
FY+2
FQ+1
FQ+2
03/14 Y
03/15 Y
06/13 Q1 09/13 Q2
2'291.7
2'543.8
550.9
562.8
3.87x
3.28x
16.90x
16.39x
746.9
851.9
176.9
179.7
12.14x
10.64x
12.19x
11.66x
555.6
645.0
131.9
134.7
18.75x
16.58x
18.86x
18.06x
S&P Issuer Ratings
04.04.2012
BBB+u
STABLE
13.17
11.89
-1.21
1.41
31.1%
23.7%
0.47
5.70
37.27
100.26
102.23
35.31
Sales/Revenue/Turnover
20.00
2'500.0
18.00
2'000.0
16.00
14.00
1'500.0
12.00
10.00
1'000.0
8.00
6.00
500.0
4.00
2.00
0.00
09.04.2010
0.0
09.10.2010
09.04.2011
09.10.2011
09.04.2012
09.10.2012
09.04.2013
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
30.04.2013
Xilinx Inc
Holdings By:
All
Holder Name
VANGUARD GROUP INC
BLACKROCK
STATE STREET
T ROWE PRICE ASSOCIA
JP MORGAN
GOLDMAN SACHS GROUP
CAPITAL GROUP COMPAN
WELLINGTON MANAGEMEN
BAILLIE GIFFORD AND
ASHMORE WELATH MANAG
BANK OF NEW YORK MEL
JENNISON ASSOCIATES
PIONEER INVESTMENT M
INVESCO LTD
AMERICAN CENTURY COM
JANUS CAPITAL MANAGE
CITADEL ADVISORS LLC
NORTHERN TRUST CORPO
ALKEON CAPITAL MANAG
FRANKLIN RESOURCES
Firm Name
Morgan Stanley
Piper Jaffray
Barclays
Deutsche Bank
SunTrust Robinson Humphrey
Jefferies
Raymond James
Wells Fargo Securities, LLC
BMO Capital Markets
Robert W. Baird & Co
ISI Group
MKM Partners
Wedge Partners
Mizuho Securities USA Inc
Nomura
Lazard Capital Markets
Miller Tabak + Co., LLC
Macquarie
Argus Research Corp
JPMorgan
Pacific Crest Securities
William Blair & Co
S&P Capital IQ
Credit Agricole Securities (USA)
Credit Suisse
Goldman Sachs
Drexel Hamilton LLC
Canaccord Genuity Corp
EVA Dimensions
GARP Research
Portfolio Name
VANGUARD GROUP INC
n/a
n/a
T ROWE PRICE ASSOCIA
n/a
GOLDMAN SACHS GROUP
n/a
WELLINGTON MANAGEMEN
BAILLIE GIFFORD & CO
ASHMORE WEALTH MANAG
BANK OF NEW YORK MEL
JENNISON ASSOCIATES
PIONEER INVESTMENT M
n/a
AMERICAN CENTURY COM
n/a
CITADEL ADVISORS LLC
NORTHERN TRUST CORPO
ALKEON CAPITAL MANAG
n/a
Analyst
JOSEPH MOORE
AUGUSTE P RICHARD
BLAYNE CURTIS
ROSS C SEYMORE
WILLIAM STEIN
MARK J LIPACIS
HANS C MOSESMANN
DAVID M WONG
AMBRISH SRIVASTAVA
TRISTAN GERRA
SUMIT DHANDA
DANIEL A BERENBAUM
JUN ZHANG
RUBEN ROY
ROMIT SHAH
IAN ING
BRENDAN FURLONG
SHAWN WEBSTER
JAMES KELLEHER
CHRISTOPHER DANELY
JOHN VINH
ANIL K DORADLA
CHRISTIN ARMACOST
SRINI PAJJURI
JOHN W PITZER
JAMES SCHNEIDER
RICHARD WHITTINGTON
ROBERT BURLESON
ANDREW S ZAMFOTIS
SETH DADDS
Source
13F
ULT-AGG
ULT-AGG
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
13F
13F
13F
ULT-AGG
13F
ULT-AGG
13F
13F
13F
ULT-AGG
Recommendation
Equalwt/In-Line
overweight
equalweight
hold
neutral
hold
outperform
outperform
outperform
neutral
buy
neutral
no rating system
neutral
neutral
neutral
hold
neutral
hold
overweight
sector perform
outperform
buy
buy
outperform
neutral/attractive
buy
hold
buy
neutral
Amt Held
16'370'771
14'943'097
14'291'164
14'275'610
13'091'070
12'815'197
12'748'300
8'567'292
6'396'177
6'376'000
5'926'888
5'633'885
4'488'960
4'488'952
4'216'110
4'142'451
4'031'844
3'586'099
3'289'997
3'101'906
% Out
6.26
5.71
5.46
5.46
5
4.9
4.87
3.28
2.45
2.44
2.27
2.15
1.72
1.72
1.61
1.58
1.54
1.37
1.26
1.19
Weighting
Change
3
5
3
3
3
3
5
5
5
3
5
3
#N/A N/A
3
3
3
3
3
3
5
3
5
5
5
5
3
5
3
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
N
M
M
M
M
M
M
M
M
M
M
M
Latest Chg
482'350
(6'715'556)
51'390
(1'972'440)
659'264
562'584
(1'375'000)
(1'748'957)
404'558
6'376'000
804'134
589'194
(105'305)
160'666
(799'859)
(9'980)
3'879'923
(285'572)
(1'220'960)
(94'511)
Target Price
#N/A N/A
43
41
37
38
37
42
#N/A N/A
41
35
39
34
#N/A N/A
39
30
#N/A N/A
36
40
#N/A N/A
41
#N/A N/A
#N/A N/A
41
44
42
41
44
36
#N/A N/A
#N/A N/A
File Dt
Inst Type
31.03.2013
Investment Advisor
23.04.2013
Investment Advisor
24.04.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012
Investment Advisor
31.03.2013
Investment Advisor
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.12.2012
Investment Advisor
31.12.2012 Hedge Fund Manager
31.01.2013
Investment Advisor
Date
Not Provided
12 month
Not Provided
12 month
12 month
12 month
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
12 month
12 month
Not Provided
12 month
12 month
Not Provided
6 month
Not Provided
Not Provided
12 month
Not Provided
Not Provided
12 month
12 month
12 month
Not Provided
Not Provided
Date
25.04.2013
25.04.2013
25.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
24.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
17.04.2013
15.04.2013
15.04.2013
15.04.2013
21.03.2013
13.03.2013
08.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
06.03.2013
05.03.2013
20.02.2013
13.02.2013
18.01.2013
15.01.2013
26.07.2012
30.04.2013
Yahoo! Inc
Yahoo! Inc., is a global Internet media company that offers communications,
content, and a community platform that delivers consumer experiences and
advertising solutions across digitial screens. The Company's site includes a
hierarchical, subject-based directory of Web sites, which enables users to
locate and access information.
Price/Volume
20.0 M
15.0 M
15
12/2012
03/yy
25.37
14.59
2'972'924.00
24.43
-3.69%
67.44%
91.32%
1'101.3
26'904.65
37.00
0.0
45.4
6'022.38
21'555.47
10.0 M
10
5.0 M
5
0
a-12 m-12
.0 M
j-12
j-12
a-12
s-12
o-12
n-12
d-12
j-13
f-13 m-13
Market Data
Dividend Yield
Beta
Equity Float
Short Int
1 Yr Total Return
YTD Return
Adjusted BETA
Analyst Recs
Consensus Rating
Average Daily Trading Volume
Average Volume 5 Day
- Average Volume 30 Day
- Average Volume 3 Month
25.0 M
25
20
Valuation Analysis
31.12.2008
7'208.5
1.77x
1'397.4
9.14x
418.9
42.07x
30
31.12.2009
31.12.2010
6'460.3
6'324.7
2.96x
2.88x
1'252.4
1'513.0
15.29x
12.04x
598.0
1'231.7
38.79x
20.60x
Profitability
LTM-4Q
31.12.2011
4'984.2
3.36x
1'473.0
11.37x
1'048.8
19.43x
EBITDA
EBIT
Operating Margin
Pretax Margin
Return on Assets
Return on Common Equity
Return on Capital
Asset Turnover
Margin Analysis
Gross Margin
EBITDA Margin
EBIT Margin
Net Income Margin
Structure
Current Ratio
Quick Ratio
Debt to Assets
Tot Debt to Common Equity
Accounts Receivable Turnover
Inventory Turnover
31.12.2012
4'986.6
3.26x
1'457.1
11.15x
3'945.5
15.72x
1'457.14
802.54
16.09%
118.13%
25.75%
30.04%
0.31%
67.5%
29.9%
16.4%
79.1%
4.38
4.02
0.22%
0.25%
5.20
-
03/yy
4'991.1
12.40x
1'433.2
10.80x
1'112.2
17.24x
LTM
03/yy
4'905.7
12.84x
1'469.1
14.00x
4'049.4
24.18x
FY+1
0.00
0.83
910.42
26.10
57.21%
22.76%
0.828
36
3.722
4'447'750
4'749'683
5'020'637
FY+2
FQ+1
FQ+2
12/13 Y
12/14 Y
06/13 Q2 09/13 Q3
4'531.0
4'658.1
1'081.6
1'118.7
5.01x
4.70x
21.57x
20.75x
1'662.0
1'728.6
368.1
405.9
12.97x
12.47x
13.04x
12.88x
1'444.0
1'560.9
314.5
345.9
18.20x
16.52x
18.34x
17.75x
S&P Issuer Ratings
18.04.2008
NR
-3.67
0.00
0.3%
0.3%
0.31
2.94
70.13
27.87
-
Sales/Revenue/Turnover
25.00
8'000.0
7'000.0
20.00
6'000.0
5'000.0
15.00
4'000.0
10.00
3'000.0
2'000.0
5.00
0.00
01.01.2010
1'000.0
0.0
01.07.2010
01.01.2011
01.07.2011
01.01.2012
01.07.2012
01.01.2013
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30.04.2013
Yahoo! Inc
Holdings By:
All
Holder Name
THIRD POINT LLC
FILO DAVID
THIRD POINT LLC
STATE STREET
BLACKROCK
VANGUARD GROUP INC
YANG JERRY
CAPITAL GROUP COMPAN
FMR LLC
INVESCO LTD
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
CITIGROUP INCORPORAT
TIGER GLOBAL MANAGEM
NORTHERN TRUST CORPO
NORGES BANK
CRAMER ROSENTHAL MCG
D E SHAW & COMPANY I
DEUTSCHE BANK AG
MACQUARIE GROUP
Firm Name
RBC Capital Markets
Morgan Stanley
Cantor Fitzgerald
Stifel
Oppenheimer & Co
Sanford C. Bernstein & Co
Raymond James
BMO Capital Markets
Goldman Sachs
Credit Suisse
JPMorgan
Jefferies
Needham & Co
William Blair & Co
Macquarie
B Riley & Company, Inc
Evercore Partners
BGC Partners
Wells Fargo Securities, LLC
Cowen and Company
JMP Securities
S&P Capital IQ
Gabelli & Co
Atlantic Equities LLP
Credit Agricole Securities (USA)
Barclays
Wedge Partners
Topeka Capital Markets Inc
Pivotal Research Group LLC
Pacific Crest Securities
Piper Jaffray
Daiwa Securities Co. Ltd.
EVA Dimensions
Deutsche Bank
Portfolio Name
THIRD POINT LLC
n/a
n/a
n/a
n/a
VANGUARD GROUP INC
n/a
n/a
n/a
n/a
WELLINGTON MANAGEMEN
BANK OF NEW YORK MEL
CITIGROUP INCORPORAT
TIGER GLOBAL MANAGEM
NORTHERN TRUST CORPO
NORGES BANK
CRAMER ROSENTHAL MCG
D E SHAW & CO
DEUTSCHE BANK AKTIEN
n/a
Analyst
MARK S MAHANEY
JORDAN MONAHAN
YOUSSEF H SQUALI
JORDAN ROHAN
JASON S HELFSTEIN
CARLOS KIRJNER
AARON M KESSLER
DANIEL SALMON
HEATH P TERRY
STEPHEN JU
DOUGLAS ANMUTH
BRIAN J PITZ
LAURA A MARTIN
RALPH SCHACKART
BENJAMIN A SCHACHTER
SAMEET SINHA
KEN SENA
COLIN W GILLIS
PETER STABLER
JOHN BLACKLEDGE
RONALD V JOSEY III
SCOTT H KESSLER
BRETT HARRISS
HAMILTON FABER
JAMES LEE
ANTHONY J DICLEMENTE
MARTIN PYYKKONEN
VICTOR ANTHONY
BRIAN WIESER
EVAN S WILSON
EUGENE E MUNSTER
KAZUYA NISHIMURA
ANDREW S ZAMFOTIS
LLOYD WALMSLEY
Source
13F
Form 4
Form 4
ULT-AGG
ULT-AGG
13F
Form 4
ULT-AGG
ULT-AGG
ULT-AGG
13F
13F
13F
13F
13F
13F
13F
13F
13F
ULT-AGG
Recommendation
outperform
Equalwt/Attractive
buy
buy
outperform
market perform
outperform
market perform
buy/attractive
neutral
neutral
hold
buy
market perform
neutral
buy
equalweight
hold
market perform
neutral
market perform
hold
buy
neutral
underperform
overweight
no rating system
buy
hold
sector perform
neutral
neutral
buy
hold
Amt Held
73'000'400
71'361'390
62'000'000
59'520'455
51'042'348
47'884'604
46'610'564
35'693'952
35'419'632
28'229'816
27'807'651
17'456'945
15'897'077
14'000'000
13'830'883
13'158'797
10'725'954
9'997'715
9'766'006
9'740'706
% Out
6.63
6.48
5.63
5.4
4.63
4.35
4.23
3.24
3.22
2.56
2.52
1.59
1.44
1.27
1.26
1.19
0.97
0.91
0.89
0.88
Weighting
Change
5
3
5
5
5
3
5
3
5
3
3
3
5
3
3
5
3
3
3
3
3
3
5
3
1
5
#N/A N/A
5
3
3
3
3
5
3
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
U
M
Latest Chg
(500'000)
(11'000'400)
462'401
(1'906'657)
(1'033'190)
800'000
(40'053'983)
24'881'661
(3'381'146)
27'786'182
3'451'432
14'392'794
(11'000'000)
(446)
(8'208'344)
2'010'559
2'847'197
2'053'676
(153'900)
Target Price
24
#N/A N/A
26
27
27
23
27
23
27
23
26
24
26
#N/A N/A
27
26
27
24
#N/A N/A
#N/A N/A
#N/A N/A
25
#N/A N/A
26
23
26
#N/A N/A
29
26
#N/A N/A
21
23
#N/A N/A
15
File Dt
31.12.2012
27.08.2012
01.02.2013
24.04.2013
23.04.2013
31.03.2013
25.11.2011
31.03.2013
28.02.2013
31.12.2012
31.12.2012
31.03.2013
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
31.12.2012
Date
12 month
Not Provided
12 month
12 month
12 month
12 month
12 month
Not Provided
12 month
Not Provided
6 month
12 month
12 month
Not Provided
12 month
Not Provided
12 month
12 month
Not Provided
Not Provided
Not Provided
12 month
Not Provided
12 month
Not Provided
Not Provided
Not Provided
12 month
12 month
Not Provided
12 month
Not Provided
Not Provided
12 month
Inst Type
Hedge Fund Manager
n/a
Hedge Fund Manager
Investment Advisor
Investment Advisor
Investment Advisor
n/a
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Investment Advisor
Hedge Fund Manager
Investment Advisor
Government
Investment Advisor
Hedge Fund Manager
Investment Advisor
Investment Advisor
Date
24.04.2013
23.04.2013
22.04.2013
22.04.2013
22.04.2013
19.04.2013
19.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
17.04.2013
16.04.2013
16.04.2013
15.03.2013
29.01.2013
27.11.2012