[WTHORSE] QoQ TTM Result on 31-Mar-2012 [#1]

Announcement Date
17-May-2012
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2012
Quarter
31-Mar-2012 [#1]
Profit Trend
QoQ- -1.52%
YoY- -9.54%
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TTM Result
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Revenue 586,038 576,708 559,099 540,351 530,041 525,502 533,721 6.40%
PBT 48,772 60,410 64,948 70,267 71,382 70,548 79,865 -27.91%
Tax -10,597 -8,267 -9,372 -10,588 -10,780 -15,384 -16,947 -26.77%
NP 38,175 52,143 55,576 59,679 60,602 55,164 62,918 -28.22%
-
NP to SH 38,175 52,143 55,576 59,679 60,602 55,164 62,918 -28.22%
-
Tax Rate 21.73% 13.68% 14.43% 15.07% 15.10% 21.81% 21.22% -
Total Cost 547,863 524,565 503,523 480,672 469,439 470,338 470,803 10.58%
-
Net Worth 459,274 675,640 668,365 668,411 459,377 646,245 634,575 -19.31%
Dividend
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Div 22,972 22,974 22,983 22,983 22,983 23,003 27,605 -11.47%
Div Payout % 60.18% 44.06% 41.36% 38.51% 37.93% 41.70% 43.88% -
Equity
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Net Worth 459,274 675,640 668,365 668,411 459,377 646,245 634,575 -19.31%
NOSH 229,637 229,809 229,678 229,694 229,688 229,980 229,918 -0.08%
Ratio Analysis
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
NP Margin 6.51% 9.04% 9.94% 11.04% 11.43% 10.50% 11.79% -
ROE 8.31% 7.72% 8.32% 8.93% 13.19% 8.54% 9.91% -
Per Share
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 255.20 250.95 243.43 235.25 230.76 228.50 232.13 6.48%
EPS 16.62 22.69 24.20 25.98 26.38 23.99 27.37 -28.18%
DPS 10.00 10.00 10.00 10.00 10.00 10.00 12.00 -11.39%
NAPS 2.00 2.94 2.91 2.91 2.00 2.81 2.76 -19.24%
Adjusted Per Share Value based on latest NOSH - 229,694
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 244.18 240.30 232.96 225.15 220.85 218.96 222.38 6.40%
EPS 15.91 21.73 23.16 24.87 25.25 22.98 26.22 -28.21%
DPS 9.57 9.57 9.58 9.58 9.58 9.58 11.50 -11.47%
NAPS 1.9136 2.8152 2.7849 2.785 1.9141 2.6927 2.6441 -19.31%
Price Multiplier on Financial Quarter End Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 31/12/12 28/09/12 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 -
Price 1.62 1.65 1.66 1.68 1.67 1.70 1.88 -
P/RPS 0.63 0.66 0.68 0.71 0.72 0.74 0.81 -15.36%
P/EPS 9.74 7.27 6.86 6.47 6.33 7.09 6.87 26.06%
EY 10.26 13.75 14.58 15.47 15.80 14.11 14.56 -20.72%
DY 6.17 6.06 6.02 5.95 5.99 5.88 6.38 -2.19%
P/NAPS 0.81 0.56 0.57 0.58 0.84 0.60 0.68 12.31%
Price Multiplier on Announcement Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 27/02/13 21/11/12 29/08/12 17/05/12 24/02/12 18/11/11 19/08/11 -
Price 1.61 1.65 1.67 1.69 1.75 1.72 1.75 -
P/RPS 0.63 0.66 0.69 0.72 0.76 0.75 0.75 -10.92%
P/EPS 9.68 7.27 6.90 6.50 6.63 7.17 6.39 31.73%
EY 10.33 13.75 14.49 15.37 15.08 13.95 15.64 -24.06%
DY 6.21 6.06 5.99 5.92 5.71 5.81 6.86 -6.39%
P/NAPS 0.81 0.56 0.57 0.58 0.88 0.61 0.63 18.14%

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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