[FAVCO] QoQ Annualized Quarter Result on 31-Mar-2010 [#1]

Announcement Date
25-May-2010
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2010
Quarter
31-Mar-2010 [#1]
Profit Trend
QoQ- -51.02%
YoY- -30.8%
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Annualized Quarter Result
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Revenue 385,468 379,761 336,274 299,800 534,747 479,914 417,750 -5.20%
PBT 34,163 29,961 20,472 15,132 35,102 30,866 27,252 16.21%
Tax -5,555 -5,290 -1,670 -1,524 -7,319 -8,753 -8,418 -24.14%
NP 28,608 24,670 18,802 13,608 27,783 22,113 18,834 32.03%
-
NP to SH 28,608 24,670 18,802 13,608 27,783 22,113 18,834 32.03%
-
Tax Rate 16.26% 17.66% 8.16% 10.07% 20.85% 28.36% 30.89% -
Total Cost 356,860 355,090 317,472 286,192 506,964 457,801 398,916 -7.13%
-
Net Worth 192,352 181,196 174,540 176,144 188,649 181,612 177,743 5.39%
Dividend
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Div 8,743 - - - 6,859 - - -
Div Payout % 30.56% - - - 24.69% - - -
Equity
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Net Worth 192,352 181,196 174,540 176,144 188,649 181,612 177,743 5.39%
NOSH 174,865 174,227 172,812 172,690 171,499 171,332 170,907 1.53%
Ratio Analysis
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
NP Margin 7.42% 6.50% 5.59% 4.54% 5.20% 4.61% 4.51% -
ROE 14.87% 13.62% 10.77% 7.73% 14.73% 12.18% 10.60% -
Per Share
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
RPS 220.44 217.97 194.59 173.61 311.81 280.11 244.43 -6.63%
EPS 16.36 14.16 10.88 7.88 16.20 12.91 11.02 30.04%
DPS 5.00 0.00 0.00 0.00 4.00 0.00 0.00 -
NAPS 1.10 1.04 1.01 1.02 1.10 1.06 1.04 3.79%
Adjusted Per Share Value based on latest NOSH - 172,690
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
RPS 163.62 161.20 142.74 127.26 226.99 203.71 177.32 -5.20%
EPS 12.14 10.47 7.98 5.78 11.79 9.39 7.99 32.06%
DPS 3.71 0.00 0.00 0.00 2.91 0.00 0.00 -
NAPS 0.8165 0.7691 0.7409 0.7477 0.8008 0.7709 0.7545 5.39%
Price Multiplier on Financial Quarter End Date
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Date 30/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 -
Price 1.05 0.81 0.83 0.87 0.82 0.90 0.99 -
P/RPS 0.48 0.37 0.43 0.50 0.26 0.32 0.41 11.04%
P/EPS 6.42 5.72 7.63 11.04 5.06 6.97 8.98 -19.99%
EY 15.58 17.48 13.11 9.06 19.76 14.34 11.13 25.05%
DY 4.76 0.00 0.00 0.00 4.88 0.00 0.00 -
P/NAPS 0.95 0.78 0.82 0.85 0.75 0.85 0.95 0.00%
Price Multiplier on Announcement Date
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Date 22/02/11 23/11/10 24/08/10 25/05/10 25/02/10 26/11/09 21/08/09 -
Price 1.08 0.98 0.83 0.77 0.77 0.80 0.90 -
P/RPS 0.49 0.45 0.43 0.44 0.25 0.29 0.37 20.53%
P/EPS 6.60 6.92 7.63 9.77 4.75 6.20 8.17 -13.22%
EY 15.15 14.45 13.11 10.23 21.04 16.13 12.24 15.23%
DY 4.63 0.00 0.00 0.00 5.19 0.00 0.00 -
P/NAPS 0.98 0.94 0.82 0.75 0.70 0.75 0.87 8.23%

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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