fundamental analysis & analyst recommendations - qms smart power flexindex
TRANSCRIPT
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7/28/2019 Fundamental Analysis & Analyst Recommendations - QMS Smart Power FlexIndex
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Fundamental Analysis &Analyst RecommendationsQMS Smart Power FlexIndex
July 2013
Q.M.S AdvisorsQ.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
This material does not constitute investment advice and should not be
viewed as a current or past recommendation or a solicitation of an
offer to buy or sell any securities or to adopt any investment strategy.
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Currency
Market
Capitalization(in mio
USD)
Daily
Volume(M)
Total
Common
Shares(M)
TotalDebt
(USD)
Preferred
Stock(USD)
Minority
Interest
(USD)
Cash and
Equivalents
(USD)
Enterprise
Value
(USD)
Tot.Rev.-
LFY
Est.Tot.
Rev. - Tr.
12M
Est.Tot.
Rev.-2013
Est.Tot.
Rev.-2014 EBITDA - LFY
Est. EBITDA -
Tr. 12M
Est. EBITDA -
2013
Est. EBITDA -
2 014 E PS - L FY
Est.EPS -
Tr. 12M
Est.EPS -
2013
Est.EPS -
2014
P/ERatio-
LFY
Est. P/E
Ratio- Tr.
12M
Est. P/E
Ratio- 2013
Est. P/E
Ratio- 2014
Est.
Revenue
Growth-1Y
Est.
Revenue
Growth-5Y
Est. EBITDA
Growth-1Y
Est.Est.
EBITDA
Growth-5Y
Est. EBITDA
Margin-
S&P LT
Credit
Rating-
S&PLTCredit
RatingDate
Moody'sLT
Credit
Rating
Moody'sLT Credit
RatingDate
S&P 500 INDEX USD 15048494 2009.903 1116 1116 203 221 221 102.58 110.19 110.19 15.98 15.98 14.87 14.87 18.60
Euro Stoxx 50 Pr EUR 2506637 5265.382 4538 4538 730 761 761 202.56 295.84 295.84 21.64 17.13 14.82 14.82 20.16
NIKKEI 225 JPY 2707792 192.8223 190 190 18 21 21 5.33 7.82 7.82 0.26 0.27 0.18 0.18 0.11
FTSE 100 INDEX GBP 2620362 11452.66 10089 10089 1401 1681 1681 580.41 805.66 805.66 24.78 21.76 17.85 17.85 21.10
SWISS MARKET INDEX CHF 1021027 10730.92 4064 4064 852 824 824 411.99 553.08 553.08 20.52 17.03 15.28 15.28 21.91
S&P/TSX COMPOSITE INDEX CAD 1556223 16357.37 8297 8297 1773 1960 1960 733.31 816.05 816.05 14.86 14.86 13.36 13.36 23.15
S&P/ASX 200 INDEX AUD 1206178 5796.724 2668 2668 547 680 680 223.58 321.54 321.54 17.86 14.48 12.42 12.42 20.10
HANG SENG INDEX HKD 1583567 3023.299 1673 1673 355 399 399 278.81 271.56 271.56 1.23 1.39 1.26 1.26 2.92
MSCI EM USD 6946260 1281.009 971 971 188 179 179 82.45 90.53 90.53 11.13 11.30 10.14 10.14 19.19
CISCO SYSTEMS INC USD 130829.34 11445 5298 16.33 0.00 0.02 48.72 99.70 46061 47880 48591 51210 12971 13483 3829 3829 1.60 1.62 2.01 2.12 15.07 15.07 12.20 11.57 6.58 5.45 18.36 5.10 28.16 A+ 10.02.2006 A1 10.02.2006
QUANTA SERVICES INC USD 5624.39 1204 209 0.00 0.00 0.01 0.39 5.26 5920 6461 6332 6892 623 692 156 156 1.33 1.54 1.48 1.75 17.42 17.42 18.13 15.36 41.17 15.62 86.70 20.61 10.71 NR 02.09.2008 - -
SMA SOLAR TECHNOLOGY AG EUR 969.47 31 35 0.12 0.00 0.00 0.57 0.62 1882 1634 1439 1473 223 209 47 47 2.78 1.48 -0.77 0.16 24.29 24.29 - 219.99 -16.34 65.04 -51.60 23.34 16.49 - - - -
TRON INC USD 1661.66 109 39 0.42 0.00 0.02 0.14 1.98 2178 2054 2005 2155 262 223 50 50 2.74 2.25 2.79 3.59 18.80 18.80 15.15 11.77 -10.51 0.45 -18.86 7.06 10.84 BB 01.06.2011 - -
TC HOLDINGS CORP USD 4808.99 56 52 3.15 0.00 0.00 0.03 8.10 831 851 967 1144 538 548 170 170 4.14 4.33 4.93 5.61 21.25 21.25 18.66 16.40 9.66 8.93 9.10 16.60 64.39 BBB+ 05.12.2011 Baa2 16.04.2010
GENERAL CABLE CORP USD 1515.17 101 50 1.45 0.00 0.14 0.64 2.47 6014 6115 6799 7244 310 - 105 105 1.47 0.53 2.36 3.26 57.03 57.03 12.91 9.35 2.52 1.93 -9.31 -6.34 - BB- 09.11.2006 B1 23.07.2012
AMERICAN SUPERCONDUCTOR CORP USD 156.30 653 60 0.02 0.00 0.00 0.04 0.14 87 87 - #VALUE! -37 -37 - - -1.34 -1.35 - - - - - - 14.21 -1.99 59.71 - -42.06 - - - -
ESCO CORP USD - 0 35 0.29 0.00 0.02 0.06 - 1122 1122 - - 134 - - - 1.22 - - - - - - - 32.12 - 28.53 - - NR 28.01.2011 WR 24.02.2011
TELVENT GIT SA USD - 0 34 0.38 0.00 0.00 0.07 - 724 730 - - 92 - - - 1.06 0.62 - - - - - - -8.49 12.69 -15.82 23.71 - - - - -
WASION GROUP HOLDINGS LTD HKD 575.16 1388 929 0.08 0.00 0.00 0.08 0.46 316 316 369 463 59 59 67 67 0.04 0.05 0.05 0.06 1.40 - 1.20 1.02 3.17 2.88 3.06 1.48 2.40 - - - -
ENERNOC INC USD 448.85 106 29 0.00 0.00 0.00 0.12 0.33 278 286 379 462 5 4 -24 -24 -0.84 -0.97 1.19 1.50 - - 12.49 9.91 -3.01 15.18 -61.38 - 1.25 - - - -
ECHELON CORP USD 101.60 40 43 0.02 0.00 0.00 0.06 0.06 134 119 100 117 -3 -5 -3 -3 -0.27 -0.34 -0.23 -0.11 - - - - -14.36 2.37 34.11 - -4.31 - - - -
PIKE ELECTRIC CORP USD 386.39 79 35 0.12 0.00 0.00 0.00 0.57 685 1 K 929 1 K 64 108 20 20 0.30 1.04 1.14 0.79 11.75 11.75 10.69 15.40 15.38 10.40 31.94 -6.82 11.99 - - - -
COMVERGE INC USD - 0 26 0.03 0.00 0.00 0.02 - 136 150 - 199 -3 6 -3 -3 -0.52 -0.24 -0.24 0.04 - - - - 14.27 44.54 88.23 - 3.86 - - - -
JINPAN INTERNATIONAL LTD USD 81.03 13 16 0.05 0.00 0.00 0.03 0.10 211 203 232 252 20 17 6 6 0.84 0.67 0.85 1.03 7.38 7.38 5.81 4.80 -3.81 14.90 -33.55 -0.08 8.42 - - - -
Valuation Measures I/IIMarket Capitalization & Asset Liability data Total Revenue EBITDA Earnings Per Share Price/Earnings ratio Rev. Growth EBITDA Growth
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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
500 INDEX 2.29 2.29 2.10 1.91 2.29 1.47 1.47 1.40 1.34 1.47 10.33 10.33 9.65 9.97 10.33 9.10 9.10 8.39 7.84 9.10 14.87 14.87 13.30 12.13 14.87 2.14 2.14 2.30 2.41 2.14 1777.9 8.5%
o Stoxx 50 Pr 1.15 1.15 1.09 1.03 1.15 0.75 0.75 0.73 0.71 0.75 5.73 5.73 5.26 4.79 5.73 6.92 6.92 6.53 6.19 6.92 11.52 11.52 10.28 9.27 11.52 4.34 4.34 4.62 4.97 4.34 2965.8 11.9%
KEI 225 1.53 1.53 1.43 1.33 1.53 0.74 0.74 0.71 0.69 0.74 9.04 9.04 8.35 7.65 9.04 8.98 8.98 8.31 7.83 8.98 17.85 17.85 15.84 14.29 17.85 1.63 1.63 1.78 1.92 1.63 14922.4 5.8%
E 100 INDEX 1.69 1.69 1.57 1.46 1.69 0.95 0.95 0.93 0.95 0.95 8.32 8.32 7.61 6.94 8.32 6.81 6.81 6.42 6.04 6.81 11.95 11.95 10.89 10.07 11.95 3.92 3.92 4.22 4.57 3.92 7105.8 10.2%
SS MARKET INDEX 2.35 2.35 2.18 2.03 2.35 2.01 2.01 1.91 1.83 2.01 12.05 12.05 10.99 9.80 12.05 13.03 13.03 12.00 11.23 13.03 14.74 14.74 13.26 12.07 14.74 3.30 3.30 3.68 4.21 3.30 8622.8 9.7%
/TSX COMPOSITE INDEX 1.63 1.63 1.52 1.41 1.63 1.39 1.39 1.43 1.48 1.39 8.20 8.20 7.40 6.10 8.20 8.34 8.34 7.38 6.79 8.34 14.13 14.13 12.48 11.35 14.13 3.30 3.30 3.45 3.61 3.30 14171.6 16.2%
/ASX 200 INDEX 1.76 1.76 1.66 1.56 1.76 1.64 1.64 1.55 1.48 1.64 9.94 9.94 8.97 8.56 9.94 8.52 8.52 7.74 7.21 8.52 13.63 13.63 12.36 11.43 13.63 4.90 4.90 5.23 5.60 4.90 5201.8 8.2%
NG SENG INDEX 1.22 1.22 1.13 1.07 1.22 1.59 1.59 1.46 1.35 1.59 7.34 7.34 6.99 6.49 7.34 7.57 7.57 6.94 6.30 7.57 9.77 9.77 8.99 8.25 9.77 3.94 3.94 4.25 4.66 3.94 24805.7 20.5%
CI EM 1.32 1.32 1.22 1.10 1.32 0.95 0.95 0.88 0.82 0.95 6.56 6.56 6.01 5.52 6.56 7.14 7.14 6.49 5.99 7.14 10.14 10.14 9.12 8.34 10.14 3.06 3.06 3.38 3.67 3.06 1125.3 22.6%
CO SYSTEMS INC 2.49 2.28 2.13 2.04 2.85 2.69 2.55 2.40 11.74 10.45 10.18 8.80 6.87 6.57 6.38 6.04 13.34 12.20 11.57 10.78 1.06 2.53 2.84 3.02 25.76 5.2%
ANTA SERVICES INC 1.50 1.40 1.29 1.16 0.91 0.89 0.82 0.69 15.65 13.93 11.99 8.70 8.47 8.04 6.89 5.65 18.81 18.13 15.36 12.10 33.91 26.5%
A SOLAR TECHNOLOGY AG 0.91 0.97 0.96 0.93 0.51 0.67 0.66 0.62 0.54 7.02 11.82 10.00 8.02 2.67 12.98 6.06 4.78 9.00 171.06 33.95 2.89 0.03 0.59 1.00 21.26 -2.1%
ON INC 1.64 1.56 1.43 1.33 0.78 0.83 0.77 0.75 8.33 11.99 7.50 7.48 7.23 8.96 7.50 6.54 11.49 15.15 11.77 10.32 0.00 0.00 0.00 0.00 45.31 7.2%
HOLDINGS CORP 3.43 3.01 2.68 2.40 5.64 4.98 4.21 3.65 2.28 13.71 11.31 10.05 9.05 14.12 11.79 10.24 9.12 22.25 18.66 16.40 14.49 12.09 1.60 1.77 1.99 2.31 95.17 3.5%
NERAL CABLE CORP 0.98 0.99 0.91 0.25 0.22 0.21 11.89 60.90 11.76 6.86 5.75 4.94 14.96 12.91 9.35 1.18 2.36 40.13 31.8%
ERICAN SUPERCONDUCTOR CORP 2.88 11.2%
O CORP
VENT GIT SA
SION GROUP HOLDINGS LTD 1.38 1.24 1.13 1.02 1.47 1.23 0.98 0.91 8.81 8.06 6.65 6.16 7.80 6.86 5.95 5.33 10.92 9.31 7.91 6.91 3.25 4.44 5.09 5.28 5.35 11.6%
RNOC INC 1.62 1.50 1.28 1.08 1.63 1.19 0.97 0.78 21.82 6.41 5.41 4.82 27.34 5.41 4.03 2.98 12.49 9.91 17.25 16.2%
ELON CORP 1.27 1.61 1.74 1 .87 0.76 1.02 0 .87 0.80 15.73 3.70 56.8%
E ELECTRIC CORP 1.58 1.57 1.44 0.57 0.42 0.43 0.38 8.58 4.98 6.23 5.51 32.31 10.69 15.40 12.72 15.07 23.4%
MVERGE INC 0.35 0.24 0.21
PAN INTERNATIONAL LTD 0.38 0.35 0.32 4.78 4.41 3.84 6.10 5.81 4.80 6.50 31.5%
Price to Earnings Ratio
Valuation Measures II/II
Estimated Dividend YieldPrice to Book Ratio Price to Sales Ratio Price to Cash Flow Ratio Enterprise Value to EBITDA Ratio Target
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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08.07.2013
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol
(IP)-based networking and other products related to the communications and
information technology (IT) industry and provide services associated with these
products and their use. The Company provides products for transporting data,
voice, and video within buildings, across campuses, and globally.
Latest Fiscal Year: 07/2012
LTM as of: 04/yy
52-Week High (18.06.2013) 24.98
52-Week Low (25.07.2012) 14.96
Daily Volume
24.48
52-Week High % Change -2.00% Dividend Yield 2.17
52-Week Low % Change 63.64% Beta 0.99
% 52 Week Price Range High/Low 95.91% Equity Float 5'334.68
Shares Out 16.05.2013 5'344.3 Short Int 59.50
130'829.34 1 Yr Total Return 50.38%
Total Debt 16'328.00 YTD Return 26.47%Preferred Stock 0.0 Adjusted BETA 0.995
Minority Interest 15.0 Analyst Recs 51
Cash and Equivalents 48'716.00 Consensus Rating 4.353
Enterprise Value 99'699.34
Average Volume 5 Day 29'023'866
CSCO US EQUITY YTD Change - Average Volume 30 Day 35'967'072
CSCO US EQUITY YTD % CHANGE - Average Volume 3 Month 40'781'332
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.07.2008 31.07.2009 31.07.2010 31.07.2011 31.07.2012 04/yy 04/yy 07/13 Y 07/14 Y 07/13 Q4 10/13 Q1
39'540 36'117 40'040 43'218 46'061 45'566 47'880 48'591 51'210 12'396 12'444
2.86x 2.82x 2.64x 1.37x 1.10x 6.19x 5.75x 2.00x 1.84x 7.73x 7.61x
11'189.0 9'153.0 11'194.0 10'959.0 12'971.0 12'632.0 13'483.0 15'193.6 15'645.5 3'829.0 3'767.0
10.09x 11.13x 9.46x 5.39x 3.91x 5.98x 5.84x 6.57x 6.38x 6.47x 6.38x
8'052.0 6'134.0 7'767.0 6'490.0 8'041.0 7'356 9'630 10'796 11'264 2'742 2'714
16.14x 20.17x 17.07x 13.03x 9.80x 14.72x 12.72x 12.20x 11.57x 11.81x 11.59x
EBITDA 12'971.00 Long-Term Rating Date 10.02.2006EBIT 10'369.00 Long-Term Rating A+
Operating Margin 22.51% Long-Term Outlook STABLE
Pretax Margin 22.06% Short-Term Rating Date 31.01.2011
Return on Assets 10.23% Short-Term Rating A-1+
Return on Common Equity 17.81%
Return on Capital 14.43% EBITDA/Interest Exp. 21.76
Asset Turnover 0.51% (EBITDA-Capex)/Interest Exp. 19.87
Net Debt/EBITDA -2.31
Gross Margin 61.2% Total Debt/EBITDA 1.21
EBITDA Margin 28.2%
EBIT Margin 22.8% Total Debt/Equity 31.8%
Net Income Margin 17.5% Total Debt/Capital 24.1%
Asset Turnover 0.51
Current Ratio 3.49 Net Fixed Asset Turnover 13.75
Quick Ratio 3.20 Accounts receivable turnover-days 62.75
Debt to Assets 17.79% Inventory Days 28.86
Tot Debt to Common Equity 31.84% Accounts Payable Turnover Day 18.13
Accounts Receivable Turnover 5.80 Cash Conversion Cycle 77.17Inventory Turnover 12.61
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Cisco Systems IncPrice/Volume
Valuation Analysis
11'445'423.00
Current Price (7/dd/yy) Market Data
0
5
10
15
20
25
30
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
50.0 M
100.0 M
150.0 M
200.0 M
250.0 M
0.0
5'000.0
10'000.0
15'000.0
20'000.0
25'000.0
30'000.0
35'000.0
40'000.0
45'000.0
50'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
31.07.2009 31.01.2010 31.07.2010 31.01.2011 31.07.2011 31.01.2012 31.07.2012 31.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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08.07.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 285'699'560 5.35 8'851'883 03.07.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 248'500'974 4.65 15'936'699 31.03.2013 Investment Advisor
STATE STREET n/a ULT-AGG 231'953'211 4.34 4'691'676 05.07.2013 Investment Advisor
WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 224'204'515 4.2 40'410'203 31.03.2013 Investment Advisor
BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 120'991'753 2.26 8'008'876 31.03.2013 Investment Advisor
INVESCO LTD n/a ULT-AGG 101'584'228 1.9 (2'683'669) 05.07.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 94'877'178 1.78 (3'464'088) 31.05.2013 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 86'807'571 1.62 4'636'884 31.03.2013 Investment Advisor
NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 85'516'392 1.6 8'020'372 31.03.2013 Investment Advisor
FMR LLC n/a ULT-AGG 81'881'343 1.53 3'322'967 31.03.2013 Investment Advisor
T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 77'549'877 1.45 7'729'430 31.03.2013 Investment Advisor
GRANTHAM MAYO VAN OT GRANTHAM MAYO VAN OT 13F 62'486'663 1.17 (7'941'844) 31.03.2013 Investment Advisor
YACKTMAN ASSET MANAG YACKTMAN ASSET MANAG 13F 52'439'220 0.98 (3'941) 31.03.2013 Investment Advisor
AMERIPRISE FINANCIAL AMERIPRISE FINANCIAL 13F 46'236'225 0.87 5'849'630 31.03.2013 Investment Advisor
TIAA CREF INVESTMENT TIAA-CREF INVESTMENT 13F 44'659'307 0.84 2'290'349 31.03.2013 Investment Advisor
NORGES BANK NORGES BANK 13F 43'095'418 0.81 - 31.12.2012 Government
FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 42'112'414 0.79 (4'034'692) 31.03.2013 Hedge Fund ManagerLAZARD ASSET MANAGEM n/a ULT-AGG 41'609'629 0.78 (5'170'786) 31.03.2013 Unclassified
DEUTSCHE BANK AG n/a ULT-AGG 38'981'530 0.73 1'460'755 31.05.2013 Investment Advisor
ALLIANZ ASSET MANAGE n/a ULT-AGG 38'678'910 0.72 2'407'895 31.05.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Topeka Capital Markets Inc BRIAN J WHITE buy 5 M 29 12 month 05.07.2013
JPMorgan ROD HALL underweight 1 M 18 12 month 02.07.2013
Deutsche Bank BRIAN T MODOFF buy 5 M 26 12 month 01.07.2013
Wells Fargo Securities, LLC JESS L LUBERT outperform 5 M #N/A N/A Not Provided 01.07.2013
Piper Jaffray TROY D JENSEN overweight 5 M 28 12 month 01.07.2013
FBR Capital Markets SCOTT S THOMPSON market perform 3 M 19 12 month 28.06.2013
Independent Research GmbH MARKUS FRIEBEL buy 5 M 29 12 month 28.06.2013
JMP Securities ERIK SUPPIGER market perform 3 M #N/A N/A Not Provided 28.06.2013
Morgan Stanley EHUD A GELBLUM Overwt/Attractive 5 M 24 12 month 27.06.2013Jefferies GEORGE C NOTTER hold 3 M 22 12 month 27.06.2013
Pacific Crest Securities BRENT A BRACELIN outperform 5 M 28 12 month 27.06.2013
Robert W. Baird & Co JAYSON NOLAND SR outperform 5 M 28 12 month 27.06.2013
William Blair & Co JASON NOAH ADER outperform 5 M #N/A N/A Not Provided 27.06.2013
Raymond James SIMON M LEOPOLD outperform 5 M 26 12 month 27.06.2013
Stifel SANJIV R WADHWANI buy 5 M 28 12 month 27.06.2013
Lazard Capital Markets RYAN HUTCHINSON neutral 3 M #N/A N/A Not Provided 27.06.2013
The Juda Group NATARAJAN SUBRAHMANYAN buy 5 M 27 12 month 27.06.2013
RBC Capital Markets MARK SUE outperform 5 M 25 12 month 26.06.2013
Janney Montgomery Scott LLC WILLIAM CHOI neutral 3 M 22 12 month 26.06.2013
Needham & Co ALEXANDER HENDERSON hold 3 M #N/A N/A Not Provided 26.06.2013
Wedbush ROHIT CHOPRA outperform 5 M 26 12 month 26.06.2013
Evercore Partners MARK A MCKECHNIE equalweight 3 M 26 12 month 26.06.2013
Oppenheimer & Co ITTAI KIDRON outperform 5 M 27 12 month 26.06.2013
ISI Group BRIAN MARSHALL cautious 2 M #N/A N/A Not Provided 26.06.2013
Nomura STUART JEFFREY buy 5 M 27 12 month 26.06.2013
Barclays BENJAMIN A REITZES overweight 5 M 28 Not Provided 26.06.2013
BMO Capital Markets TIMOTHY P LONG outperform 5 M 27 Not Provided 25.06.2013Cowen and Company PAUL SILVERSTEIN outperform 5 M 32 12 month 25.06.2013
Edward Jones WILLIAM C KREHER hold 3 M #N/A N/A Not Provided 19.06.2013
Argus Research Corp JAMES KELLEHER buy 5 M 29 Not Provided 13.06.2013
ACI Research EDWARD A ZABITSKY sell 1 M 18 12 month 12.06.2013
NYKREDIT MICHAEL DROSCHNER JORGEN outperform 5 M #N/A N/A Not Provided 07.06.2013
Daiwa Securities Co. Ltd. YOKO YAMADA outperform 5 M 26 Not Provided 05.06.2013
Sterne, Agee & Leach ALEX KURTZ buy 5 M 26 12 month 30.05.2013
Ameriprise Advisor Services, Inc JUSTIN H BURGIN buy 5 M #N/A N/A Not Provided 23.05.2013
Berenberg Bank ADNAAN AHMAD sell 1 M 16 Not Provided 21.05.2013
Goldman Sachs SIMONA JANKOWSKI Buy/Neutral 5 M 28 12 month 16.05.2013
Wunderlich Securities MATTHEW S ROBISON buy 5 M 26 18 month 16.05.2013
S&P Capital IQ JAMES G MOORMAN buy 5 M 28 12 month 16.05.2013
MKM Partners MICHAEL GENOVESE buy 5 M 28 12 month 16.05.2013
Northland Securities Inc CATHARINE TREBNICK outperform 5 M 26 12 month 16.05.2013
FBN Securities SHEBLY SEYRAFI outperform 5 M 27 12 month 16.05.2013
Tigress Financial Partners IVAN FEINSETH neutral 3 M #N/A N/A Not Provided 16.04.2013
Holdings By:
Cisco Systems IncAll
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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7/28/2019 Fundamental Analysis & Analyst Recommendations - QMS Smart Power FlexIndex
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08.07.2013
Quanta Services, Inc. provides specialized contracting services to electric
utilities, telecommunication and cable television operators, and governmental
entities. The Company also installs transportation control and lighting systems
and provides specialty electric power and communication services for industrial
and commercial customers. Quanta performs projects across the United States.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (20.05.2013) 30.56
52-Week Low (23.07.2012) 21.63
Daily Volume
26.7989
52-Week High % Change -12.29% Dividend Yield 0.00
52-Week Low % Change 23.93% Beta 0.99
% 52 Week Price Range High/Low 53.47% Equity Float 206.83
Shares Out 30.04.2013 209.4 Short Int 4.60
5'624.39 1 Yr Total Return 14.04%
Total Debt 0.01 YTD Return -1.80%Preferred Stock 0.0 Adjusted BETA 0.986
Minority Interest 5.4 Analyst Recs 19
Cash and Equivalents 394.70 Consensus Rating 4.842
Enterprise Value 5'262.46
Average Volume 5 Day 1'372'458
PWR US EQUITY YTD Change - Average Volume 30 Day 2'097'921
PWR US EQUITY YTD % CHANGE - Average Volume 3 Month 1'893'403
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
3'780.2 3'318.1 3'931.2 4'193.8 5'920.3 4'983.5 6'460.9 6'332.4 6'891.7 1'517.9 1'617.1
0.95x 1.07x 0.93x 0.99x 0.90x 3.16x 3.25x 0.83x 0.76x 3.57x 3.34x
403.1 367.9 402.3 333.8 623.1 487.4 692.1 654.1 763.2 155.7 172.3
8.89x 9.65x 9.12x 12.39x 8.54x 8.59x 8.13x 8.04x 6.89x 7.93x 7.43x
157.6 162.2 153.2 132.5 306.6 195.8 333.0 308.3 369.7 71.9 83.6
22.76x 29.94x 26.89x 34.82x 20.48x 21.29x 18.58x 18.13x 15.36x 17.89x 16.79x
EBITDA 623.12 Long-Term Rating Date 02.09.2008EBIT 465.12 Long-Term Rating NR
Operating Margin 7.86% Long-Term Outlook -
Pretax Margin 7.85% Short-Term Rating Date -
Return on Assets 6.72% Short-Term Rating -
Return on Common Equity 9.14%
Return on Capital 9.64% EBITDA/Interest Exp. 166.34
Asset Turnover 1.30% (EBITDA-Capex)/Interest Exp. 110.43
Net Debt/EBITDA -0.53
Gross Margin 15.8% Total Debt/EBITDA 0.00
EBITDA Margin 10.7%
EBIT Margin 8.3% Total Debt/Equity 0.0%
Net Income Margin 5.2% Total Debt/Capital 0.0%
Asset Turnover 1.30
Current Ratio 2.50 Net Fixed Asset Turnover 6.28
Quick Ratio 1.96 Accounts receivable turnover-days 67.73
Debt to Assets 0.00% Inventory Days 27.78
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 41.51
Accounts Receivable Turnover 5.39 Cash Conversion Cycle 72.38Inventory Turnover 13.14
Fiscal Year Ended
Quanta Services IncPrice/Volume
Valuation Analysis
1'204'329.00
Current Price (7/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
5
10
15
20
25
30
35
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
1.0 M
2.0 M
3.0 M
4.0 M
5.0 M
6.0 M
7.0 M
8.0 M
9.0 M
10.0 M
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
20.00
40.00
60.00
80.00
100.00
120.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 22'474'039 10.73 (493'520) 31.03.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 13'854'602 6.62 348'541 03.07.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 13'129'808 6.27 906'768 31.03.2013 Investment Advisor
STATE STREET n/a ULT-AGG 8'514'834 4.07 287'775 05.07.2013 Investment Advisor
INVESCO LTD n/a ULT-AGG 6'647'257 3.17 (683'953) 05.07.2013 Investment Advisor
FRONTIER CAPITAL MAN FRONTIER CAPITAL MAN 13F 5'303'918 2.53 (154'440) 31.03.2013 Hedge Fund Manager
GUGGENHEIM n/a ULT-AGG 5'298'463 2.53 66'062 31.05.2013 Unclassified
WELLS FARGO n/a ULT-AGG 4'217'067 2.01 3'428'017 30.04.2013 Investment Advisor
COLUMBIA WANGER ASSE COLUMBIA WANGER ASSE 13F 3'860'000 1.84 (30'000) 31.03.2013 Investment Advisor
ALGER MANAGEMENT INC FRED ALGER MANAGEMEN 13F 3'809'104 1.82 (585'775) 31.03.2013 Investment Advisor
AMERICAN CENTURY COM AMERICAN CENTURY COM 13F 3'673'232 1.75 303'544 31.03.2013 Investment Advisor
OPPENHEIMERFUNDS INC OPPENHEIMER FUNDS IN 13F 3'324'020 1.59 (985'860) 31.03.2013 Investment Advisor
GOLDMAN SACHS GROUP n/a ULT-AGG 3'091'063 1.48 81'349 31.03.2013 Investment Advisor
NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 2'816'385 1.34 103'318 31.03.2013 Investment Advisor
HHR ASSET MANAGEMENT HHR ASSET MANAGEMENT 13F 2'711'500 1.29 (102'800) 31.03.2013 Investment Advisor
RAINIER INVESTMENT M RAINIER INVESTMENT M 13F 2'589'750 1.24 881'110 31.03.2013 Investment Advisor
CI INVESTMENTS INC CI INVESTMENTS INC 13F 2'400'700 1.15 75'400 31.03.2013 Investment AdvisorALLIANZ ASSET MANAGE n/a ULT-AGG 2'380'811 1.14 (72'380) 31.05.2013 Investment Advisor
BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 2'211'246 1.06 7'177 31.03.2013 Investment Advisor
DELTA LLOYD NV n/a ULT-AGG 2'110'033 1.01 (35'241) 31.03.2013 Bank
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Johnson Rice & Co MARTIN W MALLOY overweight 5 M 36 Not Provided 08.07.2013
Lazard Capital Markets WILL GABRIELSKI buy 5 M 35 12 month 27.06.2013
KeyBanc Capital Markets TAHIRA AFZAL buy 5 M 32 12 month 25.06.2013
Stephens Inc CHRIS GODBY overweight 5 M 34 12 month 21.06.2013
Robert W. Baird & Co ANDREW J WITTMANN neutral 3 M 34 12 month 17.06.2013
FBR Capital Markets ALEX J RYGIEL outperform 5 M 34 12 month 17.06.2013
Stifel NOELLE C DILTS buy 5 M 34 12 month 10.06.2013
EVA Dimensions CRAIG STERLING overweight 5 U #N/A N/A Not Provided 25.05.2013
BB&T Capital Markets ADAM ROBERT THALHIMER buy 5 M 33 12 month 17.05.2013Deutsche Bank VISHAL SHAH buy 5 M 33 12 month 09.05.2013
Kansas City Capital Associates JONATHAN P BRAATZ outperform 5 M 34 18 month 03.05.2013
Credit Suisse JAMIE L COOK outperform 5 M 33 Not Provided 02.05.2013
D.A. Davidson & Co JOHN B ROGERS buy 5 M 35 12 month 02.05.2013
Wedbush CRAIG IRWIN outperform 5 M 33 12 month 02.05.2013
Avondale Partners LLC DANIEL J MANNES market outperform 4 M 34 12 month 02.05.2013
Griffin Securities MORRIS B AJZENMAN buy 5 M 35 12 month 02.05.2013
S&P Capital IQ STEWART SCHARF buy 5 R 32 12 month 02.05.2013
Maxim Group LLC WILLIAM D BREMER buy 5 M 36 12 month 02.05.2013
Holdings By:
Quanta Services IncAll
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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SMA Solar Technology AG manufactures solar inverters, alternating current
converters for solar generated electricity.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (21.09.2012) 29.90
52-Week Low (16.11.2012) 15.61
Daily Volume
21.725
52-Week High % Change -27.34% Dividend Yield -
52-Week Low % Change 39.17% Beta 0.77
% 52 Week Price Range High/Low 36.32% Equity Float 10.12
Shares Out 31.03.2013 34.7 Short Int -
753.86 1 Yr Total Return -13.78%
Total Debt 93.53 YTD Return 17.37%Preferred Stock 0.0 Adjusted BETA 0.770
Minority Interest 0.0 Analyst Recs 14
Cash and Equivalents 442.70 Consensus Rating 2.571
Enterprise Value 479.42
Average Volume 5 Day 75'026
S92 GY EQUITY YTD Change - Average Volume 30 Day 70'348
S92 GY EQUITY YTD % CHANGE - Average Volume 3 Month 85'726
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
681.6 934.3 1'920.1 1'676.3 1'463.4 1'825.4 1'270.7 1'119.0 1'145.4 - -
1.64x 3.17x 1.05x 0.69x 0.21x 3.03x 1.59x 0.36x 0.34x - -
174.8 243.4 547.2 289.4 173.3 322.6 162.9 36.9 79.2 - -
6.39x 12.16x 3.68x 3.98x 1.79x 2.65x 2.28x 12.98x 6.06x - -
119.5 161.1 365.0 166.1 75.1 185.3 39.9 (20.9) 7.0 - -
10.90x 20.10x 6.61x 9.01x 8.80x 6.30x 16.18x - 171.06x - -
EBITDA 173.29 Long-Term Rating Date -EBIT 103.36 Long-Term Rating -
Operating Margin 7.06% Long-Term Outlook -
Pretax Margin 7.16% Short-Term Rating Date -
Return on Assets 2.87% Short-Term Rating -
Return on Common Equity 4.90%
Return on Capital 4.31% EBITDA/Interest Exp. 161.35
Asset Turnover 0.91% (EBITDA-Capex)/Interest Exp. 93.46
Net Debt/EBITDA -1.69
Gross Margin 23.5% Total Debt/EBITDA 0.79
EBITDA Margin 12.8%
EBIT Margin 7.1% Total Debt/Equity 11.4%
Net Income Margin 5.1% Total Debt/Capital 10.2%
Asset Turnover 0.91
Current Ratio 3.31 Net Fixed Asset Turnover 3.40
Quick Ratio 2.30 Accounts receivable turnover-days 43.82
Debt to Assets 7.04% Inventory Days 93.90
Tot Debt to Common Equity 11.40% Accounts Payable Turnover Day 40.31
Accounts Receivable Turnover 8.33 Cash Conversion Cycle 78.85Inventory Turnover 3.89
Fiscal Year Ended
SMA Solar Technology AGPrice/Volume
Valuation Analysis
31'343.00
Current Price (7/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
5
10
15
20
25
30
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
.2 M
.4 M
.6 M
.8 M
1.0 M
1.2 M
1.4 M
1.6 M
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
POOL SMA SOLAR TECH n/a Co File 8'744'400 25.2 - 31.12.2011 Corporation
KLEINKAUF WERNER n/a Co File 2'512'280 7.24 - 31.12.2011 n/a
WETTLAUFER REINER n/a Co File 2'446'350 7.05 - 31.12.2011 n/a
DREWS PETER n/a Co File 2'446'350 7.05 - 31.12.2011 n/a
CRAMER GUENTHER n/a EXCH 2'439'410 7.03 - 05.08.2011 n/a
GUENTHER CRAMER FOUN n/a Co File 1'998'720 5.76 - 31.12.2011 n/a
PETER DREWS FOUNDATI n/a Co File 1'998'720 5.76 - 31.12.2011 Other
REINER WETTLAUFER FO n/a Co File 1'998'720 5.76 - 31.12.2011 Other
BAILLIE GIFFORD AND n/a Research 1'045'776 3.01 - 25.11.2011 Investment Advisor
RUANE CUNNIFF & GOLD n/a Research 1'002'885 2.89 - 12.07.2011 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 798'814 2.3 (18'158) 31.03.2013 Investment Advisor
ODDO ASSET MANAGEMEN Multiple Portfolios MF-AGG 524'878 1.51 - 30.09.2012 Investment Advisor
BARRINGTON WILSHIRE n/a Short (402'520) -1.16 48'580 27.06.2013 Hedge Fund Manager
SOTHIC CAPITAL MANAG n/a Short (364'350) -1.05 41'640 05.07.2013 Other
INVESCO LTD n/a ULT-AGG 319'611 0.92 (4'248) 05.07.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 213'081 0.61 (4'692) 03.07.2013 Investment Advisor
DELTA LLOYD NV n/a ULT-AGG 138'970 0.4 31'910 28.02.2013 BankCLAYMORE ADVISORS LL Multiple Portfolios MF-AGG 127'411 0.37 - 05.07.2013 Investment Advisor
UNION INVESTMENT GMB Multiple Portfolios MF-AGG 98'000 0.28 50'000 28.09.2012 Investment Advisor
GUARDIAN LIFE GROUP n/a ULT-AGG 93'147 0.27 - 31.03.2013 Insurance Company
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Equinet Institutional Services(ESN) STEFAN FREUDENREICH sell 1 M 19 12 month 04.07.2013
Deutsche Bank ALEXANDER KARNICK buy 5 M 25 12 month 03.07.2013
Commerzbank Corporates & Markets GEORG REMSHAGEN sell 1 M 16 6 month 28.06.2013
Macquarie ROBERT SCHRAMM-FUCHS neutral 3 M 21 12 month 25.06.2013
M.M. Warburg Investment Research CHRISTOPHER RODLER hold 3 M 24 12 month 25.06.2013
Independent Research GmbH SVEN DIERMEIER sell 1 M 19 12 month 24.06.2013
Montega ALEXANDER DREWS sell 1 M 19 12 month 21.06.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 D #N/A N/A Not Provided 24.05.2013
Bankhaus Metzler DANIEL SEIDENSPINNER sell 1 M 15 12 month 16.05.2013HSBC CHRISTIAN DOMINIK RATH overweight 5 M 25 Not Provided 15.05.2013
Landesbank Baden-Wuerttemberg ERKAN AYCICEK hold 3 M 20 Not Provided 15.05.2013
Main First Bank AG ANDREAS THIELEN underperform 1 M 15 12 month 09.11.2012
Natureo Finance INGO QUEISER buy 5 M 45 12 month 17.04.2012
Hammer Partners SA ALBERTO ROLLA buy 5 N 119 Not Provided 04.10.2010
Holdings By:
SMA Solar Technology AGAll
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Itron, Inc. provides solutions for collecting, communicating, and analyzing
electric, gas, and water usage data. The Company sells its products to the
utility industry. Itron designs, manufactures, markets, sells, installs, and
services hardware, software, and integrated systems for handheld computer-based
electronic meter reading and automatic meter reading systems.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (13.02.2013) 48.42
52-Week Low (01.11.2012) 36.87
Daily Volume
42.28
52-Week High % Change -12.68% Dividend Yield 0.00
52-Week Low % Change 14.67% Beta 1.31
% 52 Week Price Range High/Low 48.92% Equity Float 36.88
Shares Out 26.04.2013 39.3 Short Int 2.08
1'661.66 1 Yr Total Return -0.52%
Total Debt 417.50 YTD Return -5.10%Preferred Stock 0.0 Adjusted BETA 1.309
Minority Interest 16.5 Analyst Recs 19
Cash and Equivalents 136.41 Consensus Rating 3.842
Enterprise Value 1'976.32
Average Volume 5 Day 1'261'292
ITRI US EQUITY YTD Change - Average Volume 30 Day 501'877
ITRI US EQUITY YTD % CHANGE - Average Volume 3 Month 390'165
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
1'909.6 1'687.4 2'259.3 2'434.1 2'178.2 2'442.1 2'054.1 2'005.1 2'155.1 486.4 514.1
1.68x 2.00x 1.19x 0.73x 0.94x 3.19x 4.01x 0.95x 0.82x 3.99x 3.72x
283.5 200.8 315.4 323.2 262.3 309.2 222.7 220.6 263.5 49.8 62.0
11.31x 16.80x 8.51x 5.46x 7.81x 6.84x 9.65x 8.96x 7.50x 7.90x 7.44x
19.8 (2.2) 104.8 (510.2) 108.3 (510.2) 85.5 107.2 143.1 22.7 32.4
20.36x 120.63x 18.59x - 16.28x 0.00x 20.63x 15.15x 11.77x 12.89x 11.80x
EBITDA 262.26 Long-Term Rating Date 01.06.2011EBIT 152.79 Long-Term Rating BB
Operating Margin 7.01% Long-Term Outlook STABLE
Pretax Margin 6.25% Short-Term Rating Date -
Return on Assets 4.15% Short-Term Rating -
Return on Common Equity 8.89%
Return on Capital 6.93% EBITDA/Interest Exp. 25.93
Asset Turnover 1.00% (EBITDA-Capex)/Interest Exp. 20.93
Net Debt/EBITDA 1.33
Gross Margin 32.8% Total Debt/EBITDA 1.79
EBITDA Margin 10.8%
EBIT Margin 5.6% Total Debt/Equity 42.0%
Net Income Margin 5.0% Total Debt/Capital 29.3%
Asset Turnover 1.00
Current Ratio 1.76 Net Fixed Asset Turnover 8.02
Quick Ratio 1.09 Accounts receivable turnover-days 66.23
Debt to Assets 19.98% Inventory Days 51.92
Tot Debt to Common Equity 42.05% Accounts Payable Turnover Day 59.82
Accounts Receivable Turnover 5.51 Cash Conversion Cycle 48.22Inventory Turnover 7.03
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Itron IncPrice/Volume
Valuation Analysis
109'334.00
Current Price (7/dd/yy) Market Data
0
10
20
30
40
50
60
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
3.0 M
3.5 M
4.0 M
4.5 M
5.0 M
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
5.00
10.00
15.00
20.00
25.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CAPITAL GROUP COMPAN n/a ULT-AGG 4'236'714 10.78 238'700 31.03.2013 Investment Advisor
FAIRPOINTE CAPITAL L FAIRPOINTE CAPITAL L 13F 3'090'373 7.86 209'682 31.03.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 2'940'700 7.48 (177'561) 03.07.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 2'074'873 5.28 (65'290) 31.03.2013 Investment Advisor
NORGES BANK n/a 13G 1'944'948 4.95 (504'013) 17.02.2012 Government
EARNEST PARTNERS LLC EARNEST PARTNERS LLC 13F 1'518'030 3.86 (3'407) 31.03.2013 Investment Advisor
INVESCO LTD n/a ULT-AGG 1'106'444 2.82 123'532 05.07.2013 Investment Advisor
IMPAX ASSET MANAGEME IMPAX ASSET MANAGEME 13F 1'051'464 2.68 267'265 31.03.2013 Investment Advisor
STATE STREET n/a ULT-AGG 1'033'763 2.63 (90'839) 31.03.2013 Investment Advisor
SAM SUSTAINABLE ASSE SAM SUSTAINABLE ASSE 13F 858'100 2.18 260'141 31.03.2013 Investment Advisor
NORGES BANK NORGES BANK 13F 846'036 2.15 - 31.12.2012 Government
THRIVENT FINANCIAL F THRIVENT FINANCIAL F 13F 718'949 1.83 165'349 31.03.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a ULT-AGG 628'283 1.6 39'421 31.03.2013 Investment Advisor
STERLING CAPITAL MAN STERLING CAPITAL MAN 13F 476'620 1.21 104'330 31.03.2013 Investment Advisor
PARVEST INVESTMENT M Multiple Portfolios MF-AGG 463'947 1.18 (16'000) 31.12.2012 Investment Advisor
DREMAN VALUE MANAGEM DREMAN VALUE MANAGEM 13F 460'775 1.17 146'118 31.03.2013 Investment Advisor
SARASIN n/a ULT-AGG 452'580 1.15 (21'800) 28.02.2013 UnclassifiedBANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 425'659 1.08 10'637 31.03.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 416'306 1.06 (61'927) 31.05.2013 Investment Advisor
FRONTIER CAPITAL MAN FRONTIER CAPITAL MAN 13F 408'163 1.04 240'143 31.03.2013 Hedge Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Brean Capital LLC MICHAEL E GAUGLER hold 3 M #N/A N/A Not Provided 08.07.2013
Argus Research Corp MICHAEL BURKE buy 5 M 49 Not Provided 25.06.2013
Janney Montgomery Scott LLC RYAN M CONNORS buy 5 M 48 12 month 11.06.2013
Needham & Co SEAN K F HANNAN hold 3 M #N/A N/A Not Provided 31.05.2013
Wedbush CRAIG IRWIN outperform 5 M 45 12 month 13.05.2013
Deutsche Bank VISHAL SHAH hold 3 M 41 12 month 09.05.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 U #N/A N/A Not Provided 07.05.2013
Jefferies SCOTT REYNOLDS hold 3 M 40 12 month 01.05.2013
Macquarie ANDREW WEISEL neutral 3 M 40 12 month 29.04.2013Canaccord Genuity Corp JOHN S QUEALY buy 5 M 48 Not Provided 29.04.2013
Lazard Capital Markets SANJAY K SHRESTHA buy 5 M 52 12 month 29.04.2013
Divine Capital Markets STEVEN CHAREST hold 3 M 41 12 month 29.04.2013
Credit Suisse PATRICK JOBIN neutral 3 M 47 Not Provided 26.04.2013
JPMorgan PAUL T COSTER neutral 3 M 41 6 month 26.04.2013
Robert W. Baird & Co BEN KALLO outperform 5 M 48 12 month 26.04.2013
Stifel JEFFREY D OSBORNE sell 1 M #N/A N/A Not Provided 26.04.2013
Holdings By:
Itron IncAll
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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ITC Holdings Corporation is a holding company. Through subsidiaries, the
Company transmits electricity from electricity generating stations to local
electricity distribution facilities. ITC invests in electricity transmission
infrastructure improvements as a means to improve electricity reliability and
reduce congestion.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (10.04.2013) 93.69
52-Week Low (09.07.2012) 69.52
Daily Volume
91.92
52-Week High % Change -1.89% Dividend Yield 1.62
52-Week Low % Change 32.22% Beta 0.66
% 52 Week Price Range High/Low 87.05% Equity Float 51.46
Shares Out 31.03.2013 52.3 Short Int 2.57
4'808.99 1 Yr Total Return 33.38%
Total Debt 3'147.23 YTD Return 20.58%Preferred Stock 0.0 Adjusted BETA 0.659
Minority Interest 0.0 Analyst Recs 12
Cash and Equivalents 26.19 Consensus Rating 4.167
Enterprise Value 8'102.25
Average Volume 5 Day 193'551
ITC US EQUITY YTD Change - Average Volume 30 Day 238'452
ITC US EQUITY YTD % CHANGE - Average Volume 3 Month 258'288
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
617.9 621.0 696.8 757.4 830.5 774.7 851.1 966.5 1'143.5 240.0 249.0
7.05x 8.00x 7.96x 8.56x 8.60x 33.40x 33.48x 9.14x 8.16x 30.39x 29.27x
382.4 412.8 444.3 492.7 537.6 500.6 548.0 687.3 790.8 170.3 177.3
11.40x 12.04x 12.48x 13.15x 13.28x 13.43x 14.53x 11.79x 10.24x 11.46x 11.14x
109.2 130.9 145.7 171.7 187.9 175.7 192.0 257.6 328.6 63.1 66.9
19.95x 20.06x 21.60x 22.59x 18.58x 22.14x 20.64x 18.66x 16.40x 18.11x 17.71x
EBITDA 537.57 Long-Term Rating Date 05.12.2011EBIT 431.06 Long-Term Rating BBB+
Operating Margin 51.90% Long-Term Outlook STABLE
Pretax Margin 35.70% Short-Term Rating Date -
Return on Assets 3.56% Short-Term Rating -
Return on Common Equity 13.98%
Return on Capital 6.53% EBITDA/Interest Exp. 3.45
Asset Turnover 0.16% (EBITDA-Capex)/Interest Exp. -1.70
Net Debt/EBITDA 6.01
Gross Margin - Total Debt/EBITDA 6.13
EBITDA Margin 64.4%
EBIT Margin 51.5% Total Debt/Equity 222.4%
Net Income Margin 22.6% Total Debt/Capital 69.0%
Asset Turnover 0.16
Current Ratio 0.20 Net Fixed Asset Turnover 0.22
Quick Ratio 0.10 Accounts receivable turnover-days 32.98
Debt to Assets 56.56% Inventory Days -
Tot Debt to Common Equity 222.44% Accounts Payable Turnover Day -
Accounts Receivable Turnover 11.07 Cash Conversion Cycle -Inventory Turnover -
Fiscal Year Ended
ITC Holdings CorpPrice/Volume
Valuation Analysis
56'237.00
Current Price (7/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
10
20
30
40
50
60
70
80
90
100
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
.2 M
.4 M
.6 M
.8 M
1.0 M
1.2 M
1.4 M
1.6 M
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BAMCO INC BAMCO INC 13F 5'089'181 9.73 170'845 31.03.2013 Investment Advisor
FMR LLC n/a ULT-AGG 4'642'042 8.87 573'432 31.03.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 3'646'068 6.97 77'995 03.07.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 2'637'959 5.04 140'893 31.03.2013 Investment Advisor
NEUBERGER BERMAN LLC NEUBERGER BERMAN GRO 13F 2'614'256 5 231'992 31.03.2013 Investment Advisor
BANK OF NOVA SCOTIA n/a ULT-AGG 2'270'139 4.34 (779'900) 31.03.2013 Bank
CANADA PENSION PLAN CANADA PENSION PLAN 13F 2'195'445 4.2 - 31.03.2013 Pension Fund (ERISA)
W H REAVES & COMPANY W H REAVES & COMPANY 13F 1'423'110 2.72 73'794 31.03.2013 Investment Advisor
JENNISON ASSOCIATES JENNISON ASSOCIATES 13F 1'356'336 2.59 (110'723) 31.03.2013 Investment Advisor
MUNDER CAPITAL MANAG MUNDER CAPITAL MANAG 13F 1'225'606 2.34 (35'367) 31.03.2013 Investment Advisor
SUN LIFE FINANCIAL I n/a ULT-AGG 1'020'926 1.95 (422'048) 31.03.2013 Investment Advisor
COMMONWEALTH BANK OF COMMONWEALTH BANK OF 13F 955'908 1.83 129'897 31.03.2013 Bank
FIRST EAGLE INVESTME FIRST EAGLE INVESTME 13F 788'270 1.51 97'072 31.03.2013 Hedge Fund Manager
RAINIER INVESTMENT M RAINIER INVESTMENT M 13F 757'635 1.45 217'090 31.03.2013 Investment Advisor
STATE STREET n/a ULT-AGG 747'250 1.43 28'822 31.03.2013 Investment Advisor
LORD ABBETT & CO LLC LORD ABBETT & CO LLC 13F 734'969 1.4 214'848 31.03.2013 Investment Advisor
ENERGY INCOME PARTNE ENERGY INCOME PARTNE 13F 715'932 1.37 142'751 31.03.2013 Investment AdvisorSANTA BARBARA ASSET SANTA BARBARA ASSET 13F 684'639 1.31 67'042 31.03.2013 Investment Advisor
D E SHAW & COMPANY I D E SHAW & CO 13F 673'025 1.29 (134'383) 31.03.2013 Hedge Fund Manager
GENEVA INVESTMENT MA GENEVA INVESTMENT MA 13F 629'529 1.2 79'040 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Credit Suisse KEVIN COLE neutral 3 M 94 Not Provided 05.07.2013
Wunderlich Securities JAMES L DOBSON buy 5 M 107 18 month 03.07.2013
Wells Fargo Securities, LLC NEIL A KALTON outperform 5 M #N/A N/A Not Provided 03.07.2013
ISI Group GREG GORDON neutral 3 M 88 12 month 24.06.2013
Edward Jones ANDREW PUSATERI buy 5 M #N/A N/A Not Provided 21.06.2013
D.A. Davidson & Co MICHAEL BATES buy 5 M 105 18 month 15.05.2013
Deutsche Bank JONATHAN ARNOLD hold 3 M 93 12 month 03.05.2013
Argus Research Corp GARY F HOVIS hold 3 M #N/A N/A Not Provided 01.05.2013
US Capital Advisors DANIEL M FIDELL hold 3 M 93 12 month 29.04.2013Barclays DANIEL F FORD suspended coverage #N/A N/A M #N/A N/A Not Provided 24.04.2013
Ameriprise Advisor Services, Inc LEZE THAQI buy 5 M #N/A N/A Not Provided 16.04.2013
S&P Capital IQ CHRISTOPHER MUIR strong buy 5 M 108 Not Provided 11.04.2013
JPMorgan CHRISTOPHER TURNURE restricted #N/A N/A M #N/A N/A Not Provided 27.03.2012
Holdings By:
ITC Holdings CorpAll
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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General Cable Corporation designs, develops, manufactures, markets, and
distributes copper, aluminum, and fiber optic wire and cable products for
the communications, electrical, and energy markets. The Company operates around
the world.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (11.04.2013) 37.14
52-Week Low (24.07.2012) 24.49
Daily Volume
30.45
52-Week High % Change -18.01% Dividend Yield -
52-Week Low % Change 24.34% Beta 1.85
% 52 Week Price Range High/Low 46.96% Equity Float 48.41
Shares Out 03.05.2013 49.8 Short Int 4.36
1'515.17 1 Yr Total Return 12.92%
Total Debt 1'450.10 YTD Return 0.67%Preferred Stock 3.8 Adjusted BETA 1.849
Minority Interest 136.0 Analyst Recs 7
Cash and Equivalents 638.20 Consensus Rating 4.143
Enterprise Value 2'466.87
Average Volume 5 Day 1'232'162
BGC US EQUITY YTD Change - Average Volume 30 Day 680'701
BGC US EQUITY YTD % CHANGE - Average Volume 3 Month 690'271
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
6'230.1 4'385.2 4'864.9 5'866.7 6'014.3 5'851.6 6'114.9 6'798.7 7'244.3 1'701.0 1'787.8
0.32x 0.48x 0.51x 0.34x 0.41x 0.72x 1.14x - - - -
514.5 281.6 323.7 341.5 309.7 122.6 235.7 429.2 499.6 105.3 126.3
3.91x 7.46x 7.67x 5.78x 7.95x 0.00x 0.00x 5.75x 4.94x 5.31x 5.06x
189.0 56.6 69.5 66.0 4.0 50.6 (62.2) 101.7 165.0 26.8 40.5
4.64x 16.16x 13.39x 14.56x 20.71x 17.82x 68.60x 12.91x 9.35x 11.40x 10.42x
EBITDA 309.70 Long-Term Rating Date 09.11.2006EBIT 194.80 Long-Term Rating BB-
Operating Margin 3.24% Long-Term Outlook STABLE
Pretax Margin 1.40% Short-Term Rating Date -
Return on Assets -1.32% Short-Term Rating -
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. 2.90
Asset Turnover 1.30% (EBITDA-Capex)/Interest Exp. 1.88
Net Debt/EBITDA -
Gross Margin 10.2% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 2.9% Total Debt/Equity 107.5%
Net Income Margin 0.1% Total Debt/Capital 49.3%
Asset Turnover 1.30
Current Ratio 1.64 Net Fixed Asset Turnover 5.51
Quick Ratio 0.92 Accounts receivable turnover-days -
Debt to Assets 29.47% Inventory Days -
Tot Debt to Common Equity 107.45% Accounts Payable Turnover Day -
Accounts Receivable Turnover 5.09 Cash Conversion Cycle 86.41Inventory Turnover 4.19
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
General Cable CorpPrice/Volume
Valuation Analysis
100'998.00
Current Price (7/dd/yy) Market Data
0
5
10
15
20
25
30
35
40
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
3.0 M
3.5 M
4.0 M
4.5 M
0.0
1'000.0
2'000.0
3'000.0
4'000.0
5'000.0
6'000.0
7'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
5.00
10.00
15.00
20.00
25.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
CADIAN CAPITAL MANAG CADIAN CAPITAL MANAG 13F 4'945'000 9.94 - 31.03.2013 Hedge Fund Manager
BLACKROCK n/a ULT-AGG 3'681'695 7.4 (50'769) 03.07.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a ULT-AGG 3'326'601 6.69 141'635 31.03.2013 Investment Advisor
FMR LLC n/a ULT-AGG 3'112'788 6.26 432'378 31.03.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 2'623'879 5.27 (29'021) 31.03.2013 Investment Advisor
GUGGENHEIM n/a ULT-AGG 2'309'270 4.64 33'966 31.05.2013 Unclassified
ALLIANCE BERNSTEIN n/a ULT-AGG 2'008'715 4.04 (18'911) 31.05.2013 Investment Advisor
T ROWE PRICE ASSOCIA T ROWE PRICE ASSOCIA 13F 1'524'592 3.06 136'900 31.03.2013 Investment Advisor
STATE STREET n/a ULT-AGG 1'501'932 3.02 169'718 31.03.2013 Investment Advisor
WEDGE CAPITAL MANAGE WEDGE CAPITAL MANAGE 13F 1'459'175 2.93 (47'595) 31.03.2013 Investment Advisor
EAGLE ASSET MANAGEME EAGLE ASSET MANAGEME 13F 1'226'431 2.46 55'375 31.03.2013 Investment Advisor
DREMAN VALUE MANAGEM DREMAN VALUE MANAGEM 13F 1'149'281 2.31 (27'242) 31.03.2013 Investment Advisor
DEUTSCHE BANK AG n/a ULT-AGG 1'012'229 2.03 (205'616) 31.05.2013 Investment Advisor
BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 915'346 1.84 8'070 31.03.2013 Investment Advisor
AQR CAPITAL MANAGEME AQR CAPITAL MANAGEME 13F 855'070 1.72 (144'900) 31.03.2013 Hedge Fund Manager
WELLINGTON MANAGEMEN WELLINGTON MANAGEMEN 13F 762'335 1.53 (86'595) 31.03.2013 Investment Advisor
AXA n/a ULT-AGG 734'200 1.48 650 31.05.2013 Investment AdvisorMONUMENTAL LIFE INSU MONUMENTAL LIFE INSU Sch-D (729'011) -1.47 (729'011) 31.03.2013 Insurance Company
HHR ASSET MANAGEMENT HHR ASSET MANAGEMENT 13F 717'500 1.44 (69'200) 31.03.2013 Investment Advisor
DNB NOR ASSET MANAGE DNB NOR ASSET MANAGE 13F 707'438 1.42 (133'413) 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
CL King & Associates GARY A FARBER buy 5 M 41 12 month 03.07.2013
Sidoti & Company LLC RICHARD H WESOLOWSKI buy 5 M 42 12 month 03.07.2013
Longbow Research SHAWN M HARRISON neutral 3 M #N/A N/A Not Provided 28.06.2013
Stifel NOELLE C DILTS buy 5 M 40 12 month 21.05.2013
BB&T Capital Markets MATTHEW S MCCALL buy 5 M 38 12 month 21.05.2013
D.A. Davidson & Co BRENT THIELMAN buy 5 M 38 18 month 02.05.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Holdings By:
General Cable CorpAll
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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American Superconductor Corporation is an energy technologies company that
offers solutions based upon its programmable power electronic converters and
high temperature superconductor (HTS) wires. The Company serves the utility,
industrial and wind power markets.
Latest Fiscal Year: 03/2013
LTM as of: 03/yy
52-Week High (13.07.2012) 4.88
52-Week Low (18.06.2013) 2.12
Daily Volume
2.585
52-Week High % Change -47.03% Dividend Yield 0.00
52-Week Low % Change 21.93% Beta 1.46
% 52 Week Price Range High/Low 18.48% Equity Float 43.40
Shares Out 10.06.2013 60.5 Short Int 4.59
156.30 1 Yr Total Return -46.03%
Total Debt 18.02 YTD Return -1.34%Preferred Stock 0.0 Adjusted BETA 1.464
Minority Interest 0.0 Analyst Recs 4
Cash and Equivalents 39.24 Consensus Rating 3.000
Enterprise Value 135.07
Average Volume 5 Day 1'294'338
AMSC US EQUITY YTD Change - Average Volume 30 Day 814'802
AMSC US EQUITY YTD % CHANGE - Average Volume 3 Month 625'690
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.03.2009 31.03.2010 31.03.2011 31.03.2012 31.03.2013 03/yy 03/yy 03/14 Y 03/15 Y 06/13 Q1 09/13 Q2
182.8 316.0 286.6 76.5 87.4 76.5 87.4 - - - -
3.50x 3.63x 3.56x 2.12x 1.60x 9.14x 7.69x - - - -
1.2 48.9 (116.7) (91.2) (36.8) (91.2) (36.8) - - - -
517.02x 23.45x - - - 0.00x 0.00x - - - -
(16.6) 16.2 (186.3) (136.8) (66.1) (136.8) (66.1) - - - -
- 78.11x - - - 0.00x 0.00x - - - -
EBITDA -36.77 Long-Term Rating Date -EBIT -49.82 Long-Term Rating -
Operating Margin -56.99% Long-Term Outlook -
Pretax Margin -75.95% Short-Term Rating Date -
Return on Assets -28.03% Short-Term Rating -
Return on Common Equity -45.61%
Return on Capital - EBITDA/Interest Exp. -2.46
Asset Turnover 0.37% (EBITDA-Capex)/Interest Exp. -2.56
Net Debt/EBITDA -
Gross Margin 17.7% Total Debt/EBITDA -0.49
EBITDA Margin -42.1%
EBIT Margin -57.0% Total Debt/Equity 14.4%
Net Income Margin -75.6% Total Debt/Capital 12.6%
Asset Turnover 0.37
Current Ratio 1.51 Net Fixed Asset Turnover 1.06
Quick Ratio 0.73 Accounts receivable turnover-days 79.04
Debt to Assets 8.31% Inventory Days 159.14
Tot Debt to Common Equity 14.40% Accounts Payable Turnover Day 36.75
Accounts Receivable Turnover 4.62 Cash Conversion Cycle 201.43Inventory Turnover 2.29
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
American Superconductor CorpPrice/Volume
Valuation Analysis
653'302.00
Current Price (7/dd/yy) Market Data
0
1
2
3
4
5
6
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
3.0 M
3.5 M
4.0 M
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130.00
20.00
40.00
60.00
80.00
100.00
120.00
02.04.2010 02.10.2010 02.04.2011 02.10.2011 02.04.2012 02.10.2012 02.04.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
DOUGLAS KEVIN n/a Form 4 13'792'507 22.81 - 13.02.2013 n/a
BLACKROCK n/a ULT-AGG 3'216'232 5.32 221'635 03.07.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 1'835'511 3.04 (660'905) 31.03.2013 Investment Advisor
CAPITAL VENTURES INT n/a 13G 1'617'384 2.67 - 31.12.2012 Venture Capital
SUSQUEHANNA INTERNAT SUSQUEHANNA INTERNAT 13F 1'476'330 2.44 (401'934) 31.03.2013 Investment Advisor
IRONWOOD INVESTMENT IRONWOOD INVESTMENT 13F 875'380 1.45 190'673 31.03.2013 Hedge Fund Manager
STATE STREET n/a ULT-AGG 772'864 1.28 (30'115) 31.03.2013 Investment Advisor
NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 662'488 1.1 (16'655) 31.03.2013 Investment Advisor
INVESCO LTD n/a ULT-AGG 643'088 1.06 (158'098) 05.07.2013 Investment Advisor
MCGAHN DANIEL P n/a Form 4 542'911 0.9 (8'520) 23.05.2013 n/a
JACOBS LEVY EQUITY M JACOBS LEVY EQUITY M 13F 479'803 0.79 20'500 31.03.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a ULT-AGG 463'997 0.77 (600) 31.03.2013 Investment Advisor
CALIFORNIA PUBLIC EM CALIFORNIA PUBLIC EM 13F 377'290 0.62 51'000 31.03.2013 Pension Fund (ERISA)
HENRY DAVID A n/a Form 4 261'491 0.43 (4'683) 08.05.2013 n/a
GEODE CAPITAL MANAGE GEODE CAPITAL MANAGE 13F 249'856 0.41 (897) 31.03.2013 Investment Advisor
FMR LLC n/a ULT-AGG 247'538 0.41 2'268 31.05.2013 Investment Advisor
FRANK RUSSELL TRUST FRANK RUSSELL COMPAN 13F 238'894 0.4 16'545 31.03.2013 Investment AdvisorSCOPIA MANAGEMENT IN SCOPIA MANAGEMENT IN 13F 219'367 0.36 219'367 31.03.2013 Hedge Fund Manager
BANK OF NEW YORK MEL BANK OF NEW YORK MEL 13F 218'302 0.36 (3'042) 31.03.2013 Investment Advisor
MAGUIRE JAMES F n/a Form 4 216'136 0.36 187'906 25.10.2012 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Ascendiant Capital Markets CARTER W DRISCOLL buy 5 N 3 12 month 27.06.2013
Ardour Capital JINMING LIU hold 3 M 3 12 month 17.06.2013
EVA Dimensions CRAIG STERLING underweight 1 M #N/A N/A Not Provided 15.01.2013
Needham & Co JAMES RICCHIUTI hold 3 M #N/A N/A Not Provided 12.10.2012
Holdings By:
American Superconductor CorpAll
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ESCO Corporation manufactures and distributes engineered parts and replacement
products. The Company markets its products to companies in surface mining,
industrial applications, infrastructure, power generation, and aerospace
services throughout the world.
Latest Fiscal Year: 12/2010
LTM as of: 12/yy
52-Week High (#N/A Field Not Applicable) -
52-Week Low (#N/A Field Not Applicable) -
Daily Volume
-
52-Week High % Change - Dividend Yield -
52-Week Low % Change - Beta -
% 52 Week Price Range High/Low - Equity Float -
Shares Out #N/A N/A - Short Int -
- 1 Yr Total Return -
Total Debt 290.58 YTD Return -Preferred Stock 0.0 Adjusted BETA -
Minority Interest 20.6 Analyst Recs 0
Cash and Equivalents 56.82 Consensus Rating -
Enterprise Value -
Average Volume 5 Day -
ESCO US EQUITY YTD Change - Average Volume 30 Day -
ESCO US EQUITY YTD % CHANGE - Average Volume 3 Month -
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2006 31.12.2007 31.12.2008 31.12.2009 31.12.2010 12/yy 12/yy 12/11 Y 12/12 Y 03/11 Q1 06/11 Q2
690.9 790.5 939.9 680.4 849.5 849.5 1'122.3 - - - -
- - - - - 0.00x 0.00x - - - -
- - 108.2 87.6 103.9 24.8 65.8 - - - -
- - - - - 0.00x 0.00x - - - -
16.9 24.1 31.2 18.4 23.9 24.1 48.5 - - - -
- - - - - 0.00x 0.00x - - - -
EBITDA 133.57 Long-Term Rating Date 28.01.2011EBIT 98.84 Long-Term Rating NR
Operating Margin 8.81% Long-Term Outlook -
Pretax Margin 7.33% Short-Term Rating Date -
Return on Assets 0.01% Short-Term Rating -
Return on Common Equity -
Return on Capital - EBITDA/Interest Exp. 9.33
Asset Turnover 0.00% (EBITDA-Capex)/Interest Exp. 5.64
Net Debt/EBITDA -
Gross Margin 26.6% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 8.8% Total Debt/Equity 1153.4%
Net Income Margin 4.3% Total Debt/Capital 86.4%
Asset Turnover 0.00
Current Ratio 2.21 Net Fixed Asset Turnover 0.01
Quick Ratio 1.19 Accounts receivable turnover-days 22795.07
Debt to Assets 34.02% Inventory Days 23400.14
Tot Debt to Common Equity 1153.35% Accounts Payable Turnover Day -114.95
Accounts Receivable Turnover 0.02 Cash Conversion Cycle 84.13Inventory Turnover 0.02
Fiscal Year Ended
Esco CorpPrice/Volume
Valuation Analysis
0.00
Current Price (7/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
0
0
1
1
1
1
.0 M
.0 M
.0 M
.0 M
.0 M
.0 M
.0 M
0.0
200.0
400.0
600.0
800.0
1'000.0
1'200.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.00
0.20
0.40
0.60
0.80
1.00
1.20
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
#N/A N/A
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
#N/A N/A
Holdings By:
Esco CorpAll
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Telvent GIT SA operates as information technology company. The Company
provides value added real time products and services solutions, as well as
provides systems integration, consulting, design and engineering services, and
software. Telvent operates internationally.
Latest Fiscal Year: 12/2011
LTM as of: 03/yy
52-Week High (#N/A Field Not Applicable) -
52-Week Low (#N/A Field Not Applicable) -
Daily Volume
-
52-Week High % Change - Dividend Yield -
52-Week Low % Change - Beta -
% 52 Week Price Range High/Low - Equity Float 0.12
Shares Out 31.05.2011 34.1 Short Int -
- 1 Yr Total Return -
Total Debt 375.36 YTD Return -Preferred Stock 0.0 Adjusted BETA -
Minority Interest 0.5 Analyst Recs 0
Cash and Equivalents 72.47 Consensus Rating -
Enterprise Value -
Average Volume 5 Day -
TLVTF US EQUITY YTD Change - Average Volume 30 Day -
TLVTF US EQUITY YTD % CHANGE - Average Volume 3 Month -
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 03/yy 03/yy 12/12 Y 12/13 Y 06/11 Q2 09/11 Q3
624.3 724.6 791.1 723.9 - 766.3 729.8 - - - -
0.98x 0.85x 1.44x 1.35x - 4.91x 4.91x - - - -
52.3 78.2 109.3 92.0 - 54.9 66.5 - - - -
11.65x 7.85x 10.45x 10.62x - 0.00x 0.00x - - - -
24.9 30.2 39.1 46.4 - 38.7 45.8 - - - -
20.73x 9.52x 23.86x 18.65x - 16.47x 33.09x - - - -
EBITDA 92.03 Long-Term Rating Date -EBIT 56.56 Long-Term Rating -
Operating Margin 7.81% Long-Term Outlook -
Pretax Margin 5.28% Short-Term Rating Date -
Return on Assets 3.68% Short-Term Rating -
Return on Common Equity 14.11%
Return on Capital - EBITDA/Interest Exp. 3.08
Asset Turnover 0.59% (EBITDA-Capex)/Interest Exp. 2.62
Net Debt/EBITDA -
Gross Margin 36.5% Total Debt/EBITDA -
EBITDA Margin -
EBIT Margin 7.7% Total Debt/Equity 106.6%
Net Income Margin 6.4% Total Debt/Capital 51.6%
Asset Turnover 0.59
Current Ratio 1.22 Net Fixed Asset Turnover 9.10
Quick Ratio 0.41 Accounts receivable turnover-days 59.99
Debt to Assets 29.97% Inventory Days 293.41
Tot Debt to Common Equity 106.61% Accounts Payable Turnover Day 171.54
Accounts Receivable Turnover 6.08 Cash Conversion Cycle 113.52Inventory Turnover 1.24
Fiscal Year Ended
Telvent GIT SAPrice/Volume
Valuation Analysis
0.00
Current Price (7/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
0
0
1
1
1
1
.0 M
.0 M
.0 M
.0 M
.0 M
.0 M
.0 M
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
04.01.200804.07.200804.01.200904.07.200904.01.201004.07 .201004.01.201104.07.201104.01.201204.07.201204.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SCHNEIDER ELECTRIC S n/a 13D 33'483'146 98.21 1'333'318 29.09.2011 Corporation
GONZALEZ-DOMINGU IGN n/a 20F 120'000 0.35 - 16.03.2011 n/a
JARDINE DAVID n/a 20F 108'000 0.32 - 16.03.2011 n/a
PEREZ JOSE MONTOYA n/a 20F 106'620 0.31 - 16.03.2011 n/a
DEL BARRIO JOSE IGNA n/a 20F 82'500 0.24 - 16.03.2011 n/a
STACK LARRY n/a 20F 72'000 0.21 - 16.03.2011 n/a
SZNAIDER RONALD J n/a 20F 4'000 0.01 - 16.03.2011 n/a
VILLAZAN BERNARDO n/a 20F 600 0 - 16.03.2011 n/a
LEIFERMAN JOHN n/a 20F 400 0 - 16.03.2011 n/a
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Jefferies ELAINE S KWEI buy 5 M 34 12 month 21.10.2011
Holdings By:
Telvent GIT SAAll
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Wasion Group Holdings Ltd. manufactures electronic power meters and data
collection terminals. The Company produces three-phase and single phase
electronic power meters used to measure the transfer of electricity between
power stations, power companies, and end users. Wasion also develops power
management software.
Latest Fiscal Year: 12/2012
LTM as of: 01/yy
52-Week High (31.05.2013) 5.30
52-Week Low (05.09.2012) 2.57
Daily Volume
4.79
52-Week High % Change -9.62% Dividend Yield 3.80
52-Week Low % Change 86.38% Beta 1.39
% 52 Week Price Range High/Low 81.32% Equity Float 439.77
Shares Out 31.05.2013 931.3 Short Int -
4'461.02 1 Yr Total Return 59.88%
Total Debt 605.56 YTD Return 36.98%Preferred Stock 0.0 Adjusted BETA 1.385
Minority Interest 0.4 Analyst Recs 9
Cash and Equivalents 585.99 Consensus Rating 4.556
Enterprise Value 3'547.85
Average Volume 5 Day 988'826
3393 HK EQUITY YTD Change - Average Volume 30 Day 2'103'093
3393 HK EQUITY YTD % CHANGE - Average Volume 3 Month 2'249'760
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 01/yy 01/yy 12/13 Y 12/14 Y - -
1'059.4 1'078.2 1'330.8 1'968.7 2'452.3 - - 2'863.5 3'593.1 - -
1.16x 5.96x 3.00x 0.93x 1.11x - - 1.03x 0.81x - -
363.4 352.8 282.0 369.4 457.1 - - 517.2 596.6 - -
3.39x 18.21x 14.17x 4.97x 5.98x - - 6.86x 5.95x - -
261.5 262.0 191.2 247.5 323.1 - - 379.3 446.1 - -
4.68x 23.04x 20.75x 6.91x 8.34x - - 9.31x 7.91x - -
EBITDA 457.09 Long-Term Rating Date -EBIT 353.85 Long-Term Rating -
Operating Margin 14.43% Long-Term Outlook -
Pretax Margin 14.49% Short-Term Rating Date -
Return on Assets 7.42% Short-Term Rating -
Return on Common Equity 12.98%
Return on Capital 11.16% EBITDA/Interest Exp. 7.29
Asset Turnover 0.56% (EBITDA-Capex)/Interest Exp. 4.42
Net Debt/EBITDA 0.04
Gross Margin 32.8% Total Debt/EBITDA 1.32
EBITDA Margin 18.6%
EBIT Margin 14.4% Total Debt/Equity 23.3%
Net Income Margin 13.2% Total Debt/Capital 18.9%
Asset Turnover 0.56
Current Ratio 1.75 Net Fixed Asset Turnover 2.62
Quick Ratio 1.00 Accounts receivable turnover-days 143.30
Debt to Assets 14.20% Inventory Days 84.97
Tot Debt to Common Equity 23.32% Accounts Payable Turnover Day 187.77
Accounts Receivable Turnover 2.55 Cash Conversion Cycle 40.50Inventory Turnover 4.31
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Wasion Group Holdings LtdPrice/Volume
Valuation Analysis
1'388'000.00
Current Price (7/dd/yy) Market Data
0
1
2
3
4
5
6
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
2.0 M
4.0 M
6.0 M
8.0 M
10.0 M
12.0 M
14.0 M
0.0
500.0
1'000.0
1'500.0
2'000.0
2'500.0
3'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
WEI JI n/a EXCH 486'888'888 52.28 84'000 18.09.2012 n/a
JP MORGAN n/a ULT-AGG 46'767'028 5.02 - 19.03.2013 Investment Advisor
HANDELSBANKEN FONDER Multiple Portfolios MF-AGG 27'300'000 2.93 (1'232'028) 30.06.2013 Investment Advisor
POWER CORP OF CANADA n/a ULT-AGG 17'500'000 1.88 - 28.02.2013 Holding Company
ALLIANZ ASSET MANAGE n/a ULT-AGG 11'882'000 1.28 (466'000) 31.05.2013 Investment Advisor
ALLIANZ GLOBAL INVES n/a EXCH 10'912'000 1.17 - 19.04.2012 Investment Advisor
DIMENSIONAL FUND ADV n/a ULT-AGG 9'291'291 1 - 29.03.2013 Investment Advisor
NOMURA n/a ULT-AGG 8'718'000 0.94 - 27.04.2012 Unclassified
LA FRANCAISE AM INTE Multiple Portfolios MF-AGG 6'676'000 0.72 2'290'000 31.01.2013 Investment Advisor
NORGES BANK Multiple Portfolios MF-AGG 6'327'369 0.68 - 31.12.2012 Government
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 4'294'796 0.46 202'796 31.12.2012 Investment Advisor
NESTOR INVESTMENT MA Multiple Portfolios MF-AGG 3'888'000 0.42 1'050'000 28.03.2013 Investment Advisor
AMERIPRISE FINANCIAL Multiple Portfolios MF-AGG 3'320'000 0.36 1'770'000 31.05.2013 Investment Advisor
BANK OF NOVA SCOTIA n/a ULT-AGG 2'464'000 0.26 (1'954'000) 31.12.2012 Bank
VANGUARD GROUP INC Multiple Portfolios MF-AGG 2'284'000 0.25 - 31.03.2013 Investment Advisor
HEARTLAND ADVISORS I Multiple Portfolios MF-AGG 2'000'000 0.21 - 28.03.2013 Investment Advisor
XUE XIN WANG n/a EXCH 1'462'000 0.16 950'000 24.04.2013 n/aNATIXIS ASSET MANAGE Multiple Portfolios MF-AGG 1'428'000 0.15 900'000 28.03.2013 Investment Advisor
HARDING LOEVNER LP Multiple Portfolios MF-AGG 1'366'000 0.15 194'000 30.06.2012 Investment Advisor
STATE STREET n/a ULT-AGG 1'275'000 0.14 - 05.07.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
DBS Vickers PATRICIA YEUNG buy 5 M 6 12 month 03.07.2013
Ji Asia TAY HER LIM buy 5 N 6 12 month 21.06.2013
EVA Dimensions ANDREW S ZAMFOTIS overweight 5 D #N/A N/A Not Provided 03.06.2013
KGI Securities JERRY WENG neutral 3 M 4 12 month 30.05.2013
Macquarie SAIYI HE neutral 3 D 4 12 month 27.05.2013
RHB Research Institute Sdn Bhd JOE CHAN buy 5 N 6 Not Provided 20.05.2013
UOB Kay Hian MARK PO buy 5 M 6 Not Provided 25.03.2013
First Shanghai Securities Ltd XIAOXIA CHEN buy 5 M 4 12 month 16.11.2012
Essence Securities PATRICK CHOI buy 5 M 4 6 month 22.08.2012GuoSen Securities Co Ltd VIVIAN FU buy 5 M 4 12 month 09.05.2012
Yuanta Securities Investment Consultin TEAM COVERAGE Under Review #N/A N/A M #N/A N/A Not Provided 04.05.2012
Hua Tai Securities Co., Ltd YUNFENG FAN neutral 3 M 3 6 month 22.08.2011
SWS Research Co Ltd TITUS WU underperform 1 D 2 Not Provided 29.03.2011
Holdings By:
Wasion Group Holdings LtdAll
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EnerNOC, Inc. develops and provides clean and intelligent power solutions to
commercial, institutional and industrial customers, as well as electric power
grid operators and utilities. The Company, through its network centers remotely
manages electricity consumption across a network of end-use customer sites.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (22.05.2013) 19.08
52-Week Low (02.08.2012) 6.04
Daily Volume
14.84
52-Week High % Change -22.22% Dividend Yield 0.00
52-Week Low % Change 145.70% Beta 1.23
% 52 Week Price Range High/Low 64.95% Equity Float 23.77
Shares Out 01.05.2013 30.2 Short Int 0.94
448.85 1 Yr Total Return 114.76%
Total Debt 0.00 YTD Return 26.30%Preferred Stock 0.0 Adjusted BETA 1.234
Minority Interest 0.0 Analyst Recs 10
Cash and Equivalents 115.04 Consensus Rating 3.700
Enterprise Value 334.02
Average Volume 5 Day 311'275
ENOC US EQUITY YTD Change - Average Volume 30 Day 437'999
ENOC US EQUITY YTD % CHANGE - Average Volume 3 Month 327'369
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
106.1 190.7 280.2 286.6 278.0 279.3 286.4 378.8 461.5 35.3 252.6
0.87x 3.23x 1.60x 0.73x 0.81x 2.99x 3.64x 0.78x 0.51x 10.94x 1.49x
(28.1) 7.0 27.1 12.5 4.8 4.3 3.6 61.6 82.6 (23.8) 113.1
- 88.13x 16.55x 16.75x 46.78x 28.64x 113.52x 5.41x 4.03x 4.41x 3.51x
(36.7) (6.8) 9.6 (13.4) (22.3) (21.8) (25.1) 28.0 40.9 (30.0) 110.3
- - 64.62x - - 0.00x 0.00x 12.49x 9.91x 13.74x 11.51x
EBITDA 4.83 Long-Term Rating Date -EBIT -20.39 Long-Term Rating -
Operating Margin -7.33% Long-Term Outlook -
Pretax Margin -7.38% Short-Term Rating Date -
Return on Assets -7.72% Short-Term Rating -
Return on Common Equity -11.44%
Return on Capital - EBITDA/Interest Exp. 3.04
Asset Turnover 0.88% (EBITDA-Capex)/Interest Exp. -6.93
Net Debt/EBITDA -32.08
Gross Margin 44.4% Total Debt/EBITDA 0.00
EBITDA Margin 1.2%
EBIT Margin -7.8% Total Debt/Equity 0.0%
Net Income Margin -8.0% Total Debt/Capital 0.0%
Asset Turnover 0.88
Current Ratio 2.12 Net Fixed Asset Turnover 7.36
Quick Ratio 1.52 Accounts receivable turnover-days 35.40
Debt to Assets 0.00% Inventory Days 51.29
Tot Debt to Common Equity 0.00% Accounts Payable Turnover Day 12.03
Accounts Receivable Turnover 10.31 Cash Conversion Cycle 166.01Inventory Turnover 7.12
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
EnerNOC IncPrice/Volume
Valuation Analysis
105'602.00
Current Price (7/dd/yy) Market Data
0
2
4
6
8
10
12
14
16
18
20
j-12 a-12 s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
3.0 M
3.5 M
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
01.01.2010 01.07.2010 01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
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Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BLACKROCK n/a ULT-AGG 2'081'285 6.88 (3'975) 03.07.2013 Investment Advisor
BROWN CAPITAL MANAGE BROWN CAPITAL MGMT I 13F 1'540'957 5.09 10'900 31.03.2013 Investment Advisor
BREWSTER DAVID B n/a Form 4 1'310'822 4.33 (10'000) 20.05.2013 n/a
FOUNDATION CAPITAL n/a 13G 1'269'259 4.2 - 31.12.2011 Venture Capital
HEALY TIMOTHY G n/a Form 4 1'162'877 3.84 (10'000) 18.06.2013 n/a
P SCHOENFELD ASSET M P SCHOENFELD ASSET M 13F 1'136'765 3.76 236'765 31.03.2013 Hedge Fund Manager
DNB NOR ASSET MANAGE DNB NOR ASSET MANAGE 13F 1'027'381 3.4 42'205 31.03.2013 Investment Advisor
VANGUARD GROUP INC VANGUARD GROUP INC 13F 852'222 2.82 (338'784) 31.03.2013 Investment Advisor
DRAPER TIMOTHY C n/a 13G 827'682 2.74 - 31.12.2012 n/a
ADAGE CAPITAL PARTNE ADAGE CAPITAL PARTNE 13F 800'284 2.65 (250'000) 31.03.2013 Hedge Fund Manager
RENAISSANCE TECHNOLO RENAISSANCE TECHNOLO 13F 724'738 2.4 (65'314) 31.03.2013 Hedge Fund Manager
DIMENSIONAL FUND ADV n/a ULT-AGG 590'343 1.95 220'400 31.03.2013 Investment Advisor
STATE STREET n/a ULT-AGG 447'843 1.48 46'138 31.03.2013 Investment Advisor
NEW YORK STATE COMMO NEW YORK STATE COMMO 13F 416'272 1.38 - 31.03.2013 Pension Fund (ERISA)
MORGAN STANLEY n/a ULT-AGG 400'314 1.32 (144'258) 31.03.2013 Investment Advisor
DIXON GREGG M n/a Form 4 392'262 1.3 (6'712) 01.05.2013 n/a
DELTA LLOYD NV n/a ULT-AGG 389'298 1.29 (6'500) 31.03.2013 BankSAMUELS DAVID M n/a Form 4 385'688 1.28 (15'000) 27.02.2013 n/a
LORD ABBETT & CO LLC LORD ABBETT & CO LLC 13F 379'341 1.25 379'341 31.03.2013 Investment Advisor
NORTHERN TRUST CORPO NORTHERN TRUST CORPO 13F 347'843 1.15 8'671 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Raymond James PAVEL MOLCHANOV strong buy 5 M 20 12 month 03.07.2013
JPMorgan PAUL T COSTER overweight 5 U 19 6 month 14.06.2013
Needham & Co SEAN K F HANNAN buy 5 M 18 12 month 29.05.2013
Credit Suisse PATRICK JOBIN neutral 3 D 18 Not Provided 28.05.2013
Robert W. Baird & Co BEN KALLO outperform 5 M 21 12 month 28.05.2013
Wedbush CRAIG IRWIN underperform 1 M 5 12 month 28.05.2013
Canaccord Genuity Corp JOHN S QUEALY buy 5 M 20 12 month 28.05.2013
Macquarie ANDREW WEISEL neutral 3 M 16 12 month 09.05.2013
Ardour Capital WALTER V NASDEO accumulate 4 M 20 12 month 06.05.2013EVA Dimensions CRAIG STERLING sell 1 M #N/A N/A Not Provided 15.01.2013
Jefferies ELAINE S KWEI hold 3 M 10 12 month 27.02.2012
Holdings By:
EnerNOC IncAll
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Echelon Corporation develops, markets, and supports a family of software
products and services that enables original equipment manufacturers and systems
integrators to design and implement open, interoperable, distributed control
networks. The Company's products allow groups of computer nodes to be linked
together and implemented across a variety of systems.
Latest Fiscal Year: 12/2012
LTM as of: 03/yy
52-Week High (03.10.2012) 4.19
52-Week Low (15.01.2013) 2.07
Daily Volume
2.36
52-Week High % Change -43.68% Dividend Yield 0.00
52-Week Low % Change 14.01% Beta 1.21
% 52 Week Price Range High/Low 14.15% Equity Float 31.31
Shares Out 31.03.2013 43.1 Short Int 1.62
101.60 1 Yr Total Return -31.40%
Total Debt 20.24 YTD Return -3.67%Preferred Stock 0.0 Adjusted BETA 1.208
Minority Interest 1.6 Analyst Recs 7
Cash and Equivalents 61.86 Consensus Rating 3.571
Enterprise Value 63.72
Average Volume 5 Day 1'298'304
ELON US EQUITY YTD Change - Average Volume 30 Day 370'935
ELON US EQUITY YTD % CHANGE - Average Volume 3 Month 264'447
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 03/yy 03/yy 12/13 Y 12/14 Y 06/13 Q2 09/13 Q3
134.0 103.3 111.0 156.5 134.0 168.4 118.9 99.8 117.3 24.4 25.1
2.01x 4.06x 3.49x 1.09x 0.49x 5.55x 3.08x 0.51x 0.50x - -
(19.6) (24.1) (21.9) (5.3) (3.5) 1.1 (5.1) (15.4) (7.7) (2.7) (3.2)
- - - - - 136.30x 0.00x - - - -
(25.8) (32.0) (31.3) (13.0) (12.8) (6.2) (19.5) (10.0) (6.9) (2.8) (2.9)
- - - - - 0.00x 0.00x - - - -
EBITDA -3.48 Long-Term Rating Date -EBIT -10.06 Long-Term Rating -
Operating Margin -7.51% Long-Term Outlook -
Pretax Margin -9.67% Short-Term Rating Date -
Return on Assets -14.99% Short-Term Rating -
Return on Common Equity -23.90%
Return on Capital - EBITDA/Interest Exp. -2.56
Asset Turnover 0.91% (EBITDA-Capex)/Interest Exp. -3.39
Net Debt/EBITDA -
Gross Margin 42.1% Total Debt/EBITDA -3.86
EBITDA Margin -4.3%
EBIT Margin -9.6% Total Debt/Equity 24.6%
Net I