Petronas Gas versus Dutch Lady (A Comparative Study)
| 8.3.2012 | | | 5.3.2012 |
| Petronas Gas | | Dutch Lady |
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| Income Statement | | | | |
| 31/3/2011 | | 31/12/2011 |
| RM (m) | | | RM (m) |
| Revenue | 3524.95 | | | 810.65 |
| Gross Profit | 1787.17 | | | 304.47 |
| Operating Profit | 1921.65 | | | 139.372 |
| Financing costs | -20.10 | | | -0.919 |
| PBT | 1901.55 | | | 141.553 |
| PAT | 1440.38 | | | 108.082 |
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| EPS (basic) sen | 72.8 | | | 168.88 |
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| Balance Sheet | | | | |
| NCA | 6881.563 | | | 74.048 |
| CA | 3493.725 | | | 324.465 |
| Total Assets | 10375.29 | | | 398.513 |
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| Total Equity | 8393.908 | | | 259.154 |
| NCL | 1542.517 | | | 4.051 |
| CL | 438.863 | | | 135.308 |
| Total Liabilities | 1981.38 | | | 139.359 |
| Total Eq + Liab | 10375.29 | | | 398.513 |
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| Net assets per share | 4.242 | | | 4.05 |
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| Cash & Eq | 2756.079 | | | 193.143 |
| LT Borrowings | 423.58 | | | 0 |
| ST Borrowings | 0 | | | 0 |
| Net Cash | 2332.499 | | | 193.143 |
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| Inventories | 100.399 | | | 93.448 |
| Trade receivables | 374.513 | | | 36.713 |
| Trade payables | 326.728 | | | 121.831 |
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| Quick Ratio | 7.73 | | | |
| Current Ratio | 7.96 | | | 2.40 |
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| Cash flow statement | | | | |
| PBT | 1901.554 | | | 141.553 |
| OPBCWC | | | | |
| Cash from Operations | 2573.192 | | | 188.290 |
| Net CFO | 2233.579 | | | 161.940 |
| CFI | -654.443 | | | -7.135 |
| CFF | -1009.326 | | | -47.319 |
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| Capex | -478.366 | | | -10.882 |
| FCF | 1755.213 | | | 151.058 |
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| Dividends paid | -989.365 | | | -46.400 |
| DPS (sen) | 50.00 | | | 72.5 |
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| No of ord shares (m) | 1978.732 | | | 64 |
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| Financial Ratios | | | | |
| Gross Profit Margin | 50.70% | | | 37.56% |
| Net Profit Margin | 40.86% | | | 13.33% |
| Asset Turnover | 0.34 | | | 2.03 |
| Financial Leverage | 1.24 | | | 1.54 |
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| ROA | 13.88% | | | 27.12% |
| ROC | 23.76% | | | 163.73% |
| ROE | 17.16% | | | 41.71% |
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| Valuation | 8.3.2012 | | | 5.3.2012 |
| Price | 16.8 | | | 29.5 |
| Market cap (m) | 33242.70 | | | 1888.00 |
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| P/E | 23.08 | | | 17.47 |
| P/BV | 3.96 | | | 7.29 |
| P/FCF | 18.94 | | | 12.50 |
| P/Div | 33.60 | | | 40.69 |
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| DPO ratio | 0.69 | | | 0.43 |
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| EY | 4.33% | | | 5.72% |
| FCF/P | 5.28% | | | 8.00% |
| DY | 2.98% | | | 2.46% |
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