Friday, June 10, 2011

Coastal Contract - 股市中的钻石(未打磨ver) ?

Coastal Contract - 股市中的钻石(未打磨ver) ?


这几天都在寻找我下一个股票来长期投资, 让我找到了一个未来的明星股 , 良好的财务,稳健的公司管理, 光明的油气行业,让我眼前一亮。


P/E Ratio : 6.1x 
P/B Ratio : 2x
ROE : 37.55% 
ROA : 12.55%
ROC : 20.31%
EPS FY10 : 0.55sen / share (02/23/2011)
Gross Margin : 32.39%
Diluted EPS Before Extra : 20.20%
EBITDA : 18.74%


                                                                                                         2007  2008    2009  2010

NET INCOME69.396.8162.5200.8
TOTAL REVENUES291.8348.1466.1675.1
OPERATING INCOME71.598.1157.2198.0
      TOTAL ASSETS    546.4862.31,143.51,092.9



TOTAL LIABILITIES331.8554.4685.0490.3




Year over year, Coastal Contracts Bhd has been able to grow revenues from 466.1M to 675.1M. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 1.95% to 1.31%. This was a driver that led to a bottom line growth from 162.5M to 200.8M.


This company's debt to total capital ratio, at 7.81%, is in-line with the Machinery industry's norm. Additionally, even though there are not enough liquid assets to satisfy current obligations, Operating Profits are more than adequate to service the debt. Accounts Receivable are among the industry's worst with 28.94 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, Coastal Contracts Bhd is among the most efficient in its industry at managing inventories, with only 618.18 days of its Cost of Goods Sold tied up in inventory.




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