Considering Half year published results..
assuming that in same way they compare to similar half last year is a projection of the full year...what is to be expected? ..totally based on paper results..ignoring "market technicals" and unquantifiable projections..
p.s...I'm aware how fallible this premise is..
(
figures in '000)
Turnover down 17% = Kshs 1,707,000.00
EBITDA up 54% = Kshs 514,000.00
Thus EBITDA Margin = 30.11%
compared to 2009 of 16.2%..assuming cost of sales item is as projected in half year results
PBT down 55% = Ksh 82,040.00
PAT down 59% = Kshs 63,757.00
Current share price = Kshs 8.90
Market Cap = Kshs 1,848,135,800.00
EPS projected = Kshs0.30
EPS annual growth = -60.5%
Projected ratios
ROA = PAT/Ave total assets = 3.7%..for every 1.00 in assets..access expects to generate 3CENTS in profit.
ROE = PAT/Ave Shareholders' Equity = 5.45% ..for every Shilling of shareholders equity that AccessKenya has had over this year..projected to earn back only 5CENTS!!.. LOL!!
ROCE = PAT/ Capital Employed = 3.4%
Add price factor... current share price kshs8.90
p/e = price/eps = 29.67?????..for every projected 1.00 in earnings buyers of the share today are paying 29.67 bob!!! How now?
peg = pe/eps growth = -0.49
..negative growth always hurts.
PSR = market cap/Turnover = 1.082 ..at 8.90 per share today..you are paying 1.08 bob for every shilling in projected revenue..
Actual Full year results are due last week of this month..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version