[FAVCO] QoQ Annualized Quarter Result on 31-Dec-2010 [#4]

Announcement Date
22-Feb-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2010
Quarter
31-Dec-2010 [#4]
Profit Trend
QoQ- 15.96%
YoY- 2.97%
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Annualized Quarter Result
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Revenue 404,534 390,122 340,724 385,468 379,761 336,274 299,800 22.08%
PBT 38,522 26,632 16,732 34,163 29,961 20,472 15,132 86.33%
Tax -2,009 -2,814 -1,264 -5,555 -5,290 -1,670 -1,524 20.20%
NP 36,513 23,818 15,468 28,608 24,670 18,802 13,608 92.97%
-
NP to SH 36,513 23,818 15,468 28,608 24,670 18,802 13,608 92.97%
-
Tax Rate 5.22% 10.57% 7.55% 16.26% 17.66% 8.16% 10.07% -
Total Cost 368,021 366,304 325,256 356,860 355,090 317,472 286,192 18.23%
-
Net Worth 215,587 209,428 200,445 192,352 181,196 174,540 176,144 14.40%
Dividend
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Div - - - 8,743 - - - -
Div Payout % - - - 30.56% - - - -
Equity
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Net Worth 215,587 209,428 200,445 192,352 181,196 174,540 176,144 14.40%
NOSH 178,171 177,481 177,385 174,865 174,227 172,812 172,690 2.10%
Ratio Analysis
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
NP Margin 9.03% 6.11% 4.54% 7.42% 6.50% 5.59% 4.54% -
ROE 16.94% 11.37% 7.72% 14.87% 13.62% 10.77% 7.73% -
Per Share
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 227.05 219.81 192.08 220.44 217.97 194.59 173.61 19.57%
EPS 20.49 13.42 8.72 16.36 14.16 10.88 7.88 88.98%
DPS 0.00 0.00 0.00 5.00 0.00 0.00 0.00 -
NAPS 1.21 1.18 1.13 1.10 1.04 1.01 1.02 12.04%
Adjusted Per Share Value based on latest NOSH - 176,970
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 171.00 164.91 144.03 162.94 160.53 142.15 126.73 22.08%
EPS 15.43 10.07 6.54 12.09 10.43 7.95 5.75 92.99%
DPS 0.00 0.00 0.00 3.70 0.00 0.00 0.00 -
NAPS 0.9113 0.8853 0.8473 0.8131 0.7659 0.7378 0.7446 14.40%
Price Multiplier on Financial Quarter End Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 31/03/10 -
Price 0.94 1.43 1.07 1.05 0.81 0.83 0.87 -
P/RPS 0.41 0.65 0.56 0.48 0.37 0.43 0.50 -12.38%
P/EPS 4.59 10.66 12.27 6.42 5.72 7.63 11.04 -44.26%
EY 21.80 9.38 8.15 15.58 17.48 13.11 9.06 79.46%
DY 0.00 0.00 0.00 4.76 0.00 0.00 0.00 -
P/NAPS 0.78 1.21 0.95 0.95 0.78 0.82 0.85 -5.56%
Price Multiplier on Announcement Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 22/11/11 23/08/11 23/05/11 22/02/11 23/11/10 24/08/10 25/05/10 -
Price 1.19 1.16 1.42 1.08 0.98 0.83 0.77 -
P/RPS 0.52 0.53 0.74 0.49 0.45 0.43 0.44 11.76%
P/EPS 5.81 8.64 16.28 6.60 6.92 7.63 9.77 -29.26%
EY 17.22 11.57 6.14 15.15 14.45 13.11 10.23 41.46%
DY 0.00 0.00 0.00 4.63 0.00 0.00 0.00 -
P/NAPS 0.98 0.98 1.26 0.98 0.94 0.82 0.75 19.50%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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