[AMWAY] QoQ Annualized Quarter Result on 31-Aug-2003 [#4]

Announcement Date
27-Oct-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Aug-2003
Quarter
31-Aug-2003 [#4]
Profit Trend
QoQ- -8.7%
YoY- -6.84%
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Annualized Quarter Result
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Revenue 452,588 432,750 457,500 422,297 424,882 396,738 442,128 1.56%
PBT 74,112 72,506 82,152 73,956 79,988 77,830 89,108 -11.55%
Tax -22,904 -22,326 -24,988 -21,912 -22,984 -22,524 -25,528 -6.96%
NP 51,208 50,180 57,164 52,044 57,004 55,306 63,580 -13.42%
-
NP to SH 51,208 50,180 57,164 52,044 57,004 55,306 63,580 -13.42%
-
Tax Rate 30.90% 30.79% 30.42% 29.63% 28.73% 28.94% 28.65% -
Total Cost 401,380 382,570 400,336 370,253 367,878 341,432 378,548 3.97%
-
Net Worth 218,664 213,741 212,144 207,123 230,119 223,591 220,261 -0.48%
Dividend
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Div 93,165 49,325 49,336 82,192 93,143 24,660 49,312 52.76%
Div Payout % 181.93% 98.30% 86.31% 157.93% 163.40% 44.59% 77.56% -
Equity
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Net Worth 218,664 213,741 212,144 207,123 230,119 223,591 220,261 -0.48%
NOSH 164,409 164,416 164,453 164,384 164,371 164,405 164,374 0.01%
Ratio Analysis
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
NP Margin 11.31% 11.60% 12.49% 12.32% 13.42% 13.94% 14.38% -
ROE 23.42% 23.48% 26.95% 25.13% 24.77% 24.74% 28.87% -
Per Share
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
RPS 275.28 263.20 278.19 256.90 258.49 241.32 268.98 1.55%
EPS 31.15 30.52 34.76 31.66 34.68 33.64 38.68 -13.42%
DPS 56.67 30.00 30.00 50.00 56.67 15.00 30.00 52.75%
NAPS 1.33 1.30 1.29 1.26 1.40 1.36 1.34 -0.49%
Adjusted Per Share Value based on latest NOSH - 164,442
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
RPS 275.32 263.25 278.31 256.89 258.47 241.35 268.96 1.56%
EPS 31.15 30.53 34.77 31.66 34.68 33.64 38.68 -13.42%
DPS 56.67 30.01 30.01 50.00 56.66 15.00 30.00 52.75%
NAPS 1.3302 1.3002 1.2905 1.26 1.3999 1.3602 1.3399 -0.48%
Price Multiplier on Financial Quarter End Date
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Date 31/05/04 27/02/04 28/11/03 29/08/03 30/05/03 28/02/03 29/11/02 -
Price 6.70 6.75 6.40 6.70 6.35 5.95 5.80 -
P/RPS 2.43 2.56 2.30 2.61 2.46 2.47 2.16 8.16%
P/EPS 21.51 22.12 18.41 21.16 18.31 17.69 14.99 27.19%
EY 4.65 4.52 5.43 4.73 5.46 5.65 6.67 -21.35%
DY 8.46 4.44 4.69 7.46 8.92 2.52 5.17 38.82%
P/NAPS 5.04 5.19 4.96 5.32 4.54 4.38 4.33 10.64%
Price Multiplier on Announcement Date
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Date 16/07/04 21/04/04 30/01/04 27/10/03 28/07/03 21/04/03 23/01/03 -
Price 6.80 6.70 6.80 6.85 6.30 6.15 5.95 -
P/RPS 2.47 2.55 2.44 2.67 2.44 2.55 2.21 7.68%
P/EPS 21.83 21.95 19.56 21.64 18.17 18.28 15.38 26.27%
EY 4.58 4.56 5.11 4.62 5.50 5.47 6.50 -20.79%
DY 8.33 4.48 4.41 7.30 8.99 2.44 5.04 39.74%
P/NAPS 5.11 5.15 5.27 5.44 4.50 4.52 4.44 9.81%

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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