Petronas Dagangan (At a Glance)

PetDag 31.03.2011 31.03.2010 Change Revenue 23,251.78 20,671.18 12.48% Gross Profit 2,100.70 1979.4 6.13% Operating Profit 1209.173 1048.987 15.27% Financing costs -1.015 -3.409 -70.23% PBT 1208.911 1046.002 15.57% PAT 875.927 757.524 15.63% EPS (basic) sen 87.5 75.8 15.44% NCA 3957.02 3923.847 0.85% CA 4527.712 3960.901 14.31% Total Assets 8484.732 7884.748 7.61% Total Equity 4830.594 4594.058 5.15% NCL 198.629 147.48 34.68% CL 3455.509 3143.21 9.94% Total Liabilities 3654.138 3290.69 11.04% Total Eq + Liab 8484.732 7884.748 7.61% Cash & Eq 1026.209 912.471 12.46% LT Borrowings 16.232 0 #DIV/0! ST Borrowings 0 0 #DIV/0! Inventories 832.6 751.182 10.84% Trade receivables 2668.903 2297.248 16.18% Trade payables 3351.073 3000.404 11.69% CA 4527.712 3960.901 14.31% CL 3455.509 3143.21 9.94% Current Ratio 1.31 1.26 3.98% Net CFO 1043.938 1106.253 -5.63% CFI -307.041 -355.139 -13.54% CFF -623.159 -357.643 74.24% Capex -289.167 -341.746 -15.39% FCF 754.771 764.507 -1.27% Dividends paid -633.327 -357.643 77.08% No of ord shares 993.454 993.454 0.00% Financial Ratios Net Profit Margin 3.77% 3.66% 2.80% Asset Turnover 2.74 2.62 4.53% Financial Leverage 1.76 1.72 2.34% ROA 10.32% 9.61% 7.45% ROC 22.93% 20.58% 11.42% ROE 18.13% 16.49% 9.97% Valuation Pri ce (5.3.2012) 18.24 Market cap 18120.60096 P/E 20.69 P/BV 3.75 P/FCF 24.01 P/Div 28.61 DPO ratio 0.72 EY 4.83% FCF/P 4.17% DY 3.50% Recent Financial Results Announcement Date Financial Yr. End Qtr Period End Revenue RM '000 Profit/Lost RM'000 EPS Amended 24-Feb-12 31-Dec-11 Other 31-Dec-11 7,422,923 223,061 22.30 - 23-Nov-11 31-Dec-11 Other 30-Sep-11 7,304,943 225,728 22.60 - 10-Aug-11 31-Dec-11 Other 30-Jun-11 7,539,927 210,511 21.00 - 26-May-11 31-Mar-11 4 31-Mar-11 6,382,665 229,773 23.00 - ttm-EPS 88.9 sen Price RM 18.34 PE (ttm) 20.6x EY 4.85%