UBS forecasting EPS growing to 43cps and 45cps in 2013 and 2014...

UBS forecasting EPS growing to 43cps and 45cps in 2013 and 2014



Highlights (A$m) 06/10 06/11 06/12E 06/13E 06/14E
Revenues 164.4 176.5 185.7 242.0 259.5
EBIT (UBS) (1.4) (14.6) 13.5 49.2 52.9
Net Income (UBS) 2.0 (10.1) 13.6 40.8 43.0
EPS (UBS, A$) 0.02 (0.11) 0.14 0.43 0.45
Net DPS (UBS, A$) 0.10 0.10 0.15 0.22 0.26
Profitability & Valuation 5-yr hist av. 06/11 06/12E 06/13E 06/14E
EBIT margin % 10.1 -8.3 7.2 20.3 20.4
ROIC (EBIT) % 46.8 (21.8) 16.9 54.9 54.2
EV/EBITDA (core) x 7.6 >100 5.2 2.6 2.3
PE (UBS) x 33.5 NM 20.6 6.9 6.5
Net dividend yield % 3.7 3.3 5.1 7.3 8.