[F&N] QoQ TTM Result on 31-Mar-2009 [#2]

Announcement Date
04-May-2009
Admission Sponsor
-
Sponsor
-
Financial Year
30-Sep-2009
Quarter
31-Mar-2009 [#2]
Profit Trend
QoQ- 3.1%
YoY- 4.44%
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TTM Result
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Revenue 3,451,814 3,509,594 3,634,203 3,684,610 3,653,757 3,613,325 3,491,005 -0.74%
PBT 310,076 287,266 276,693 257,998 248,805 239,672 254,191 14.12%
Tax -43,800 -44,344 -63,142 -64,889 -61,731 -59,941 -62,550 -21.09%
NP 266,276 242,922 213,551 193,109 187,074 179,731 191,641 24.44%
-
NP to SH 251,218 224,432 198,090 178,629 173,262 166,845 177,710 25.87%
-
Tax Rate 14.13% 15.44% 22.82% 25.15% 24.81% 25.01% 24.61% -
Total Cost 3,185,538 3,266,672 3,420,652 3,491,501 3,466,683 3,433,594 3,299,364 -2.30%
-
Net Worth 1,069,775 1,296,674 1,228,636 1,211,254 1,229,237 1,176,939 1,128,945 -3.51%
Dividend
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Div 148,879 148,879 125,051 125,051 142,622 142,622 141,958 3.21%
Div Payout % 59.26% 66.34% 63.13% 70.01% 82.32% 85.48% 79.88% -
Equity
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Net Worth 1,069,775 1,296,674 1,228,636 1,211,254 1,229,237 1,176,939 1,128,945 -3.51%
NOSH 356,591 357,210 356,126 355,206 356,300 354,499 357,261 -0.12%
Ratio Analysis
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
NP Margin 7.71% 6.92% 5.88% 5.24% 5.12% 4.97% 5.49% -
ROE 23.48% 17.31% 16.12% 14.75% 14.10% 14.18% 15.74% -
Per Share
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
RPS 968.00 982.50 1,020.48 1,037.31 1,025.47 1,019.27 977.16 -0.62%
EPS 70.45 62.83 55.62 50.29 48.63 47.06 49.74 26.03%
DPS 41.75 41.75 35.25 35.25 40.08 40.08 39.78 3.26%
NAPS 3.00 3.63 3.45 3.41 3.45 3.32 3.16 -3.39%
Adjusted Per Share Value based on latest NOSH - 355,206
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
RPS 941.12 956.87 990.84 1,004.59 996.18 985.15 951.80 -0.74%
EPS 68.49 61.19 54.01 48.70 47.24 45.49 48.45 25.87%
DPS 40.59 40.59 34.09 34.09 38.89 38.89 38.70 3.22%
NAPS 2.9167 3.5353 3.3498 3.3024 3.3514 3.2089 3.078 -3.51%
Price Multiplier on Financial Quarter End Date
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Date 31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 -
Price 10.60 10.32 9.55 8.25 8.85 9.05 9.00 -
P/RPS 1.10 1.05 0.94 0.80 0.86 0.89 0.92 12.61%
P/EPS 15.05 16.43 17.17 16.41 18.20 19.23 18.09 -11.51%
EY 6.65 6.09 5.82 6.10 5.49 5.20 5.53 13.04%
DY 3.94 4.05 3.69 4.27 4.53 4.43 4.42 -7.35%
P/NAPS 3.53 2.84 2.77 2.42 2.57 2.73 2.85 15.28%
Price Multiplier on Announcement Date
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Date 09/02/10 09/11/09 06/08/09 04/05/09 11/02/09 06/11/08 07/08/08 -
Price 10.50 10.56 9.80 8.75 9.00 8.35 9.00 -
P/RPS 1.08 1.07 0.96 0.84 0.88 0.82 0.92 11.24%
P/EPS 14.90 16.81 17.62 17.40 18.51 17.74 18.09 -12.10%
EY 6.71 5.95 5.68 5.75 5.40 5.64 5.53 13.72%
DY 3.98 3.95 3.60 4.03 4.45 4.80 4.42 -6.73%
P/NAPS 3.50 2.91 2.84 2.57 2.61 2.52 2.85 14.63%

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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