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Assignment on
Analysis Of Financial Statement
Of
Lucky Cement
(2006 & 2007)
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Student Name : Amin Muhammad
RumiSubmited ToSir: Auon Ali
DateMay 2011.
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VISION STATEMENT AND MISSION STATEMENT OF LUCKY
CEMENT LTD.
VISIONOur vision is to supply cement globally at ease, simultaneously publicizing our brand
worldwide and identifying our social responsibility by engaging in a number of social welfare
activities, for the benefit of poor and needy people
MISSION
We are an industrial organization with a big capital base, using state of the art
technology in manufacturing and marketing of cement globally. Our strengthlies in the continuous value addition of the Company through sound
investments in sustainable areas for customers, employees and shareholders.
With no compromise on quality and a vital role to play in social responsibilities
we seek innovative answers to complex problems.
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COMPANY PROFILE
Sponsored by well known Yunus Brothers Group one of
the largest export houses of Pakistan, Lucky Cement
Limited is presently a 21,000 Tons Per Day, dry process
Cement Plant Lucky Cement came into existence in 1996with a daily production capacity of 4200 Tons par day,
currently is an omnipotent cement plant of Pakistan, and
rated amongst the few best Plants in Asia with production
facilities in Pezu (Production capacity: 13,000 Tons per
day) as well as in Karachi (Production capacity: 8000 Tons
per day) it has the tendency to become the hub of cement
production in Asia.
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Vertical and Horizontal Analysis
Of
Lucky Cement
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Vertical Analysis Of LuckyCement
For the Year EndedJune 30, 2007
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Lucky Cements Vertical Analysis
For the year ended June 30, 2007(Rupees '000')
2007 %
Net Sales 12,521,861 100
Cost of sales 8,846,708 70.6501054
Gross Profit 3,675,153 29.3498946
Distribution cost 497,729 3.97488041Administrative expense 111,311 0.88893336
609,040 4.86381377Operating profit 3,066,133 24.4862405
Finance cost 862,847 6.89072495Other operating income -629,289 -5.025523
Other charges 142,204 1.13564589
375,762 3.00084788Profit before taxation 2,690,351 21.4852329
Taxation:Current 63,146 0.50428606
Deferred tax 79,913 0.63818789143,059 1.14247395
Profit after taxation 2,547,292 20.342759
Comments
In year 2007 the grossprofit after taxes isdecreasing from 24% to20%. its increasing in
cost of sale from 62% to70% . But it alsoincreasing in the sale up
to 55%. But operatingprofit is decreasing from37% to 24%. Due toincreasing in the cost of
sale.
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Lucky cement Vertical AnalysisFor the period ended June 30, 2007
2007 %
ASSETSNON-CURRENT
ASSETS
Property, plant andequipment
20,318,908 78.9690227
Long term deposits 2,175 0.00845309
20,321,083 78.9774758
Current Assets
Stores and spares 1,993,573 7.74798092Stock -in- trade 676,256 2.62825519
Trade debts-consideredgoods
476,667 1.8525566
Loan and advances 241,821 0.9398324Trade deposits-Short
term prepayment9,661 0.03754728
Other receivables 183,138 0.71176211Tax refunds due to the
government538,812 2.09408188
Taxation- net 50,057 0.19454551
Cash and bank balances 1,239,158 4.815962365,409,143 21.02252425
TOTAL ASSET 25,730,226 100
Equity and LiabilitiesShare Capital And
Reserves
Share Capital 2,633,750 10.2360158Reserves 6,719,800 26.116366
9,353,550 36.3523818
Non Current Liabilities
Long term finance 8,335,604 32.3961554long term deposits 25,863 0.10051602Deferred liabilities 147,245 0.5722647Deferred Taxation 1,515,535 5.89009595
10,024,247 38.9590321Current Liabilities
Trade and other payables 1,546,699 6.0112142Accrued mark-up 326,181 1.26769582
Short term Borrowings 2,864,397 11.1324207Current portion of long term
finance1,615,152 6.2772554
6,352,429 24.6885861
CONTINGENCIES ANDCOMMITMENTS
TOTAL EQUITY AND 25,730,226 100
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Comment
In year 2007 the current assets are 21% but in
year 2006 the current assets are 18.86% andthe noncurrent assets are 78.97% in 2007 but in2006 they are 81.13%, so its increasing but also
the current liabilities are also increased in 2007
24.68% which is 20.11% in 2006. Thenoncurrent liabilities and equity are alsoincreased in 2007 49.95% and 11.149%. Whichare 38% and 10% in 2006.
Lucky cement Vertical Analysis
For the period ended June 30, 2007
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Lucky Cements Vertical Analysis
For the year ended June 30, 2006(Rupees '000')
2006 %
Net Sales 8,054,101 100
Cost of sales 5,073,797 62.9964412
Gross Profit 2,980,304 37.0035588
Distribution cost 103,489 1.28492305Administrative expense 106,740 1.32528758
210,229 2.61021062Operating profit 2,770,075 34.3933482
Finance cost 82,809 1.02815944Other operating income 203 0.00252046
Other charges 134,493 1.6698698217,099 2.69550878Profit before taxation 2,552,976 31.6978394
Taxation:Current 39,923 0.49568537
Deferred tax 577,103 7.16533105617,026 7.66101642
Profit after taxation 1,935,950 24.036823
Comments
In year 2006 theprofit after taxes
is 24.03%.Because the costof sales is 62.99%end of this year.
Operating profit ofthis year is34.393% and EBTis 31.69%.
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Lucky cement Vertical Analysis
For the period ended June 30, 2006
2006 %
ASSETSNON-CURRENTASSETS
Property, plant andequipment
19,165,108 81.1297842
Long term deposits 2,175 0.0092072219,167,283 81.1389914
Current Assets
Stores and spares 1,267,000 5.36346764Stock -in- trade 431,418 1.82627978
Trade debts-consideredgoods
98,389 0.41650057
Loan and advances 202,238 0.85611442Trade deposits-Shortterm prepayment
285,121 1.20697495
Other receivables 83,912 0.35521649Taxation- net 23,661 0.10016181
Cash and bank balances 2,063,755 8.736292944,455,494 18.8610086
TOTAL ASSET 23,622,777 100
Equity and LiabilitiesShare Capital And
Reserves
Share Capital 2,633,750 11.1491972Reserves 4,435,883 18.7779913
7,069,633 29.9271885
Non Current Liabilities
Long term finance 10,156,595 42.9949239
long term deposits 27,269 0.1154352Deferred liabilities 181,623 0.76884695Deferred Taxation 1,435,622 6.07727872
11,801,109 49.9564848
Current LiabilitiesTrade and other payables 1,451,086 6.14274097
Accrued mark-up 190,130 0.8048588
Short term Borrowings 645,872 2.734107Current portion of long termfinance
2,382,576 10.0859268
Sales tax payable 82,371 0.348693134,752,035 20.1163267
CONTINGENCIES ANDCOMMITMENTS
TOTAL EQUITY ANDLIABILITIES
23,622,777 100
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Lucky cement Vertical Analysis
For the period ended June 30, 2006
Comments
In year 2006 the current assets are18.86% and the non current Assets are81.13%. In this year the current liabilitiesare 20.11%. which is more then thecurrent assets .The non current liabilities
are 49.95% and the equity is 11.149%.
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Horizontal Analysis
Of Lucky Cement
2007 vs 2006
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Lucky Cements Horizontal Analysis
Year vs. Year
(2007 vs. 2006)2006 2007 2007
(% increase ordecrease)
Net Sales 8,054,101 12,521,861 55.47186458
Cost of sales 5,073,797 8,846,708 74.36070067
Gross Profit 2,980,304 3,675,153 23.31470212Distribution cost 103,489 497,729 380.9486999
Administrative expense 106,740 111,311 4.282368372210,229 609,040 189.7031332
Operating profit 2,770,075 3,066,133 10.68772506
Finance cost 82,809 862,847 941.9724909Other operating income -203 -629,289 309894.5813
Other charges 134,493 142,204 5.733383894217,099 375,762 73.08324773
Profit before taxation 2,552,976 2,690,351 5.380974988
Taxation:
Current 39,923 63,146 58.16947624Deferred tax 577,103 79,913 -86.15273183
617,026 143,059 -76.81475335
Profit after taxation 1,935,950 2,547,292 31.5783982
Comment
When we comparisonthe income statementof both year 2006and 2007. In 2007 theEAT is increasing by31.57% because ofincreasing in net sale
which is 55.47%. In2007 the cost of saleis increasing becauseof increasing in net
sale.
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Lucky Cements Horizontal Analysis
Year vs. Year
(2007 vs. 2006)
Lucky cement2006 2007 2007
(% increaseor decrease)
ASSETSNON-CURRENT
ASSETS
Property, plant and
equipment
19,165,108 20,318,908 6.020315669
Long term deposits 2,175 2,175 019,167,283 20,321,083 6.019632517
Current Assets
Stores and spares 1,267,000 1,993,573 57.34593528Stock -in- trade 431,418 676,256 56.75192041
Trade debts-consideredgoods
98,389 476,667 384.4718414
Loan and advances 202,238 241,821 19.57248391Trade deposits-Short
term prepayment285,121 9,661 -
96.61161402Other receivables 83,912 183,138 118.2500715
Tax refunds due to thegovernment
538,812
Taxation- net 23,661 50,057 111.5591057Cash and bank balances 2,063,755 1,239,158 -39.9561479
4,455,494 5,409,143 21.40388922
TOTAL ASSET 23,622,777 25,730,226 8.921258496
Equity and LiabilitiesShare Capital And
Reserves
Share Capital 2,633,750 2,633,750 0Reserves 4,435,883 6,719,800 51.4873138
7,069,633 9,353,550 32.30601928
Non Current Liabilities
Long term finance 10,156,595 8,335,604 -17.9291485long term deposits 27,269 25,863 -
5.156037992Deferred liabilities 181,623 147,245 -
18.92821944Deferred Taxation 1,435,622 1,515,535 5.566437405
Current Liabilities
Trade and other payables 1,451,086 1,546,699 6.589065018Accrued mark-up 190,130 326,181 71.55682954
Short term Borrowings 645,872 2,864,397 343.4929831Current portion of long
term finance2,382,576 1,615,152 -
32.20984346Sales tax payable 82,371 -100
4,752,035 6,352,429 33.67807687
TOTAL EQUITY ANDLIABILITIES
23,622,777 25,730,226 8.921258496
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Lucky Cements Horizontal Analysis
Year vs. Year
(2007 vs. 2006)
Comment
When we comparison the balance sheet ofboth year in, current assets its increasing21.4% but its increasing 33.6% in currentliabilities. In year 207 the non currentliabilities increasing by 33.6780% and non
current assets are increasing by 6%.
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Liquidity Ratios :
A class of financial metrics that is used to determine a company's ability to payoff its short-terms debts obligations. Generally, the higher the value of the ratio,the larger the margin of safety that the company possesses to cover short-term
debts
Comments
Current ratios measures whether or not acompany has enough resources to pay its shortterm debt over the next business cycle with itsshort term assets by comparing firms currentassets to its current liabilities. In year 2006 the
current ratio was 0.937 : 1 and in 2007 .0.8515 :1.The ratio is decline because increasing incurrent liabilities. There is also increasing incurrent assets but its more increasing in currentliabilities. Thats why it decline in currentratio. Although in both years the position of thecompany to pay off its short term debt is notvery good. It is necessary for the company
that its current ratio remains above 1 time tomeet its short term obligations and in the caseof lucky cement the current of year 2007 isdeclining because the short obligations(liabilities) are increasing at a faster pace thanits current assets.
Current ratio
Current Ratio =Current Assets / Current Liabilities2007 Lucky Cement
Current Assets 5,409,143
Current Liabilities 6,352,429
Current Ratio 0.8515:1
2006 Lucky Cement
Current assets 4,455,494
Current liabilities 4,752,035
Current Ratio 0.937:1
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Quick/Acid test ratio:Quick Ratio: Quick Assets (cash + marketable securities +
receivables) / Current Liabilities
Comments
Current ratios measures whether or not acompany has enough resources to pay its shortterm debt over the next business cycle with itsshort term assets by comparing firms current
assets to its current liabilities. In year 2006 thecurrent ratio was 0.937 : 1 and in 2007 .0.8515:1 .The ratio is decline because
increasing incurrent liabilities. There is also increasing incurrent assets but its more increasing in currentliabilities. Thats why it decline in current ratio.
Although in both years the position of thecompany to pay off its short term debt is not
verygood. It is necessary for the company that itscurrent ratio remains above 1 time to meet itsshort term obligations and in the case of luckycement the current of year 2007 is decliningbecause the short obligations (liabilities) are
increasing at a faster pace than its currentassets.
2007 Lucky Cement
Quick assets 4,732,887
Current liabilities 6,352,429
Acid test ratio 0.745:1
2006 Lucky Cement
Quick Assets 4024076
Current liabilities 4,752,035
Acid test ratio 0.846:1
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Operating/Activity Ratios:Accounting ratios that measure a firm's ability to convert different accounts
within their balance sheets into cash or sales.Inventory turnover
Inventory Turnover = Cost of Good sold / Average Inventory
Comments
Inventory turn over ratio is one of theefficiency ratios and measure the no ofturns on average inventory is sold andConnected into cash during the fiscal year.In year 2006 the inventory turns over was18.54 times and in 2007 its 15.97 times.
In here the inventory turn over aredecreasing because it purchased excessinventory or absolute inventory. Absoluteinventory should be write off. Another
possible reason of low inventory turnoverfor decreasing is that a low turn over isindicates the poor liquidity. But it alsoindicates the planned inventory build up inthe case of material shortages or inanticipation of rapidly rising prices.
2007 Lucky Cement
COGS 8,846,708
Average
inventory
(431,418+676,256)/2
Inventory
turnover
15.97times
2006 Lucky Cement
Cost of goodssold
5,673,797
Average
inventory
(431,418+115,771)/2
Inventory
turnover
18.54times
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No. Of Days in inventoryNo. of days in inventory = 365 / inventory turnover
Comments
A financial measure of acompanys performance that
gives investors an idea of howlong it takes a company to turnits inventory into sale. It is alsopresent the process of thingraw materials into cash. In year2006 the no of days in inventoryare sale in 19.68 days but in
2007 it sale in 22.85 days. Thisis not good sing for company.Because when the no of daysare increasing its decreasing in
inventory turn over in times
2007 Lucky Cement
No. of days in an year 365
Inventory turnover 15.97
No. of days in inventory 22.85days
2006 Lucky Cement
No. of days in an year 365
Inventory turnover 18.54
No. of days in inventory 19.68days
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Receivable turnover:Receivable turnover = Net credit sales / average net
receivables
Comments
Receivable ratios used toquantity a firms effectiveness inextending credit as well as
collecting debts. This ratioindicates measures no of timeson average receivables arecollected during paid. Its showshow successful the firm is in itscollection. In year 2006 thereceivables turn over was 132.9time and in 2007 its 43.55 time.The receivable turn over isdecline due the increasing moreincreasing in credit net sale anddecreasing in net averagereceivable.
2007 Lucky Cement
Net credit sales 12,521,861
Avg. net receivables (476,667+98,389)/2
receivable turnover 43.55times
2006 Lucky Cement
Net credit sales 8,054,101
Avg. net receivables (98,389+22,808)/2
receivable turnover 132.90times
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No. of days in receivables:
No of days in receivable: 365 / Debtor turnoverComments
Credit policy is defined as themaximum time period allowed to thecustomer to pay back.
The average collection period in the
year 2006 was 2.746 days whichmeans that the firm is able to collect itsreceivables within approximately 5days. However, in 2007, the averagecollection period increased to 8.381days, thus now the company iscollecting its receivable withinapproximately 10 days. There could be
many reasons for this increase inaverage collection period such as,problem in management, lack ofincentive given to its customers orundependable customer. . This is notgood for company future because inthis case the payment of company isblocked for more days may be infuture company facing the problem ofcash shortage.
2007 Lucky Cement
No. of days in an year 365
receivable turnover 43.55
No. of days in receivables 8.381days
2006 Lucky CementNo. of days in an year 365
receivable turnover 132.90
No. of days in receivables 2.746days
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Total Assets turnover:
Total Assets Turnover = Net sales / Average AssetsComments
It is an efficiency ratio thatmeasures the ability of a companyto use its assets to generatesales. The final asset
management ratio the total assetturn over ratio measures theturnover of all the firm assets andhelp us to identify when problemoccur that is a problem in fixedassets or in current assets.. In2006, it was 0.341 times and inyear 2007 is 0.487. Total assetsturn over ratio of lucky cement iscontinued to improve. It had beenincreasing due to high growth insales revenue as compared togrowth in assets.
2007 Lucky Cement
Net sales 12,521,861
Avg. assets 25,730,226
Total assets turnover 0.4866 : 1
2006 Lucky Cement
Net sales 8054,101
Avg. assets 23,622,779
Total assets turnover 0.3409 : 1
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Fixed assets turnover:Fixed Asset turnover = Net Sales / Fixed Assets
CommentsThe fixed turnover ratiomeasures how effectivethe firm uses plant andequipment.
The role of fixed asset isto support the sales. Thefixed Asset turnover ratioof year 2007 is 0.616
times and in year 2006was 0.42 this shows thatas the fixed assetincreases there is alsoan increase in the sales.
2007 Lucky Cement
Net sales 12,521,861
Fixed assets 20,321,083
Fixed assets turnover 0.616 : 1
2006 Lucky Cement
Net sales 8,054,101
Fixed assets 19,167,283
Fixed assets turnover 0.4202 : 1
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Profitability Ratios:A class of financial metrics that are used to assess a business's ability to
generate earnings as compared to its expenses and other relevant costs incurred during aspecific period of time. For most of these ratios, having a higher value relative to a
competitor's ratio or the same ratio from a previous period is indicative that the company is
doing well.
Gross profit to sales:
Gross profit Margin =Gross profit / netsales
Comments
Gross profit margin measuresthe percent of each sales
dollar remaining after the firmhas paid for its goods. Thehigher the GPM the lower therelative cost of merchandisesold. Gross profit margin of
year 2007 declined because ofthe high cost which occursbecause of inefficientoperations and heavy use ofdebt.
2007 Lucky Cement
Gross profit 3,675,153
Net sales 12,521,861
Profit margin ratio 29.34%
2006 Lucky Cement
Gross profit 2,980,304
Net sales 8,054,101
Profit margin ratio 37.00%
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Operating Profit MarginOperating Profit Margin = Operating Profit / Sales
CommentsOperating profit margin gives anidea of how much a companymakes (before interest andtaxes) on each dollar of sale. A
healthy operating profit margin isrequired for a company to beable to pay for its fixed cost.Such as interest on debt.Operating profit margin of year2007 declined because of thehigh cost which occurs becauseof inefficient operations andheavy use of debt. And also saleis decreasing in 2007
2007 Lucky Cement
Operating Profit 3,066,113
Sales 12,521,861
Operating Profit Margin 24.48%
2006 Lucky Cement
Operating Profit 2,770,075
Sales 8,054,101
Operating Profit Margin 34.39%
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Net profit after tax to sales:Net Profit Margin = Net profit after tax / net sales
Comments
Net profit margin measureshow much of each dollarearned by the company istranslated into profit (after
reduction all the expenses andincome tax) . In 2006 profitmargin for lucky cement is24.03% and in 2007 it is20.34%. Net profit after tax isdecline in year 2007 because
the net sale is decreasing in2007 compared to 2006.
2007 Lucky Cement
Net profit after tax 2,547,292
Net sales 12,521,861
Net profit after tax to sales 20.34%
2006 Lucky Cement
Net profit after tax 1,935,950
Net sales 8,054,101
Net profit after tax to sales 24.03%
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Return on Equity after tax:ROE = Net income after tax / avg. common stockholders
equity
Comments
Return on equity measures acorporations profitability byrevealing how much profit a
company generates withmoney share holders haveinterested. In return of equityafter tax is almost samebecause the net income aftertax is increased in 2007 but
also the average commonstockholder equity is alsoincreasing in year 2007.
2007 Lucky Cement
Net income after tax 2,547,292
Avg. comm. stockholders equity 9,353,550
Return on equity after tax 27.23%
2006 Lucky Cement
Net income after tax 1,935,950
Avg. comm. stockholders equity 7,069,633
Return on equity after tax 27.38%
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Return on assets:
ROA = Net Income / Total Assets
Comments
Return on assets gives anidea as to how efficientmanagement is at using its
assets to generate earnings.In 2006 the return of assets is8.195% and it decreased in2007 is 4.89%. Because in2007 the total assets arerapidly increasing then the net
income. Thats why the returnof assets is decline in 2007
2007 Lucky Cement
Net income 2,547,292
Avg. assets 3825,730,226
Return on assets 4.89%
2006 Lucky Cement
Net income 1,935,950
Avg. assets 23,622,777
Return on assets 8.195%
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Debt Ratios:One of many ratios used to measure a company's ability to meet long-term obligations. The
solvency ratio measures the size of a company's after-tax income, excluding non-cashdepreciation expenses, as compared to the firm's total debt obligations. It provides a
measurement of how likely a company will be to continue meeting its debt obligations.
Debt : Equity ratio:
Debt to Equity = Total Debt / Total Equity
Comments
Debt to equity ratiosmeasures companys financial
leverage. It indicates whatproposition of equity and debtthe company is using tofinance its assets. In 2006most of the assets of luckycement has finance from debt
.this ratio is very high 234.1%as compare to year 2007 thepercentage of debt to equityratio is decline on 175% dueto rapidly more increasing in
equity
2007 Lucky Cement
Total debt (6,352,429+10,024,247)
Total equity 9,353,550
Debt to equity ratio 175%
2006 Lucky Cement
Total debt (4,752,035+11,801,109)
Total equity 7,069,633
Debt to equity ratio 234.1%
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Debt : Assets Ratio:Debt to Assets ratio = Total Debts / Total Assets
CommentsThis ratio indicates what proportionsof the companys assets are beingfinanced through debt highpercentage indicates that company ishighly debt leverage firm. The debt to
equity ratio in 2006 was 70.1% whichshows that 70.1% of financingthrough debt. However in 2007 thedebt to equity ratio decreased to63.6% which shows that the companycurtails its financing through debtsalthough there is a decline in the riskthe company facing but still the firm
debt financing on the higher side ascompared to ideal situation which is60% equity & 40% debt.
2007 Lucky Cement
Total debt (6,352,429+10,024,247)
Total Assets 25,730,266
Debt to equity ratio 63.64%
2006 Lucky Cement
Total debt (4,752,035+11,801,109)
Total Assets 23,622,777
Debt to equity ratio 70.07%
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Interest Coverage ratio:Interest Coverage ratio = Operating Income / finance cost (interest
expense)
CommentsIndicates a firms ability to cover
the interest charges. Thecoverage aspect of the ratioindicates how many times theinterest could be paid from
available earning. If interestcoverage ratio below 1 indicatesthat the company is notgenerating sufficient revenues tosatisfy interest expenses.
The interest coverage ratio was33.45 in 2006 which havedecreased to 3.55 in 2007therefore the company are notable to cover the interest expenseat a higher margin of safety.
2007 Lucky Cement
Operating Income 3,066,113
Finance cost (Interest Expense) 862,849
Time interest coverage 3.55 times
2006 Lucky Cement
Operating Income 2,770,075
Finance cost (Interest Expense) 82,809
Time interest coverage 33.45 times
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Investment Valuation Ratios:Investment valuation ratios attempt to simplify this evaluation process by
comparing relevant data that help users gain an estimate of valuation.
Earnings per share (after tax):
EPS =Net income / No. of sharesoutstanding
Comments
The portion of a companys
profit allocated to eachoutstanding share of
common stock. Earning pershare serves as indicator ofa companys profitability.
EPS of lucky cement is
positive upward trend during2006 and 2007.Because ofcontinuous increasing in netincome.
2007 Lucky Cement
Net income 2,547,292
Avg. comm. Shares outstanding 263,375
EPS (Rupees) 9.67
2006 Lucky Cement
Net income 1,935,950
Avg. comm. Shares outstanding 263,375
EPS (Rupees) 7.35
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Price / Earning ratio (after tax):P.E Ratio = Market price per share / EPS
Comments
The price earning ratiohas declined as a result of
the drop in price. Thisdeclined indicates lowershareholder expectationsbut might also indicate a
good time to buy. In year2006 the price earningratio is 13.66% and its
declined in year 2007 on12.72%.
2007 Lucky Cement
Market price per share 123.04
EPS 9.67
Price to earnings ratio(Rupees) 12.72
2006 Lucky Cement
Market price per share 100.42
EPS 7.35
Price to earnings ratio(Rupees) 13.66
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Dividend Yield:Dividend Yield = Cash dividend per share / Market price
per share
Comments
Dividend yield is up,
caused by the rise individend and more so bythe drop in price. In year2006 the dividend yield
was .99% and itincreasing in year 2007at 1.01%.
2007 Lucky Cement
Cash dividend per share 1.25
Market price per share 123.04
Dividend yield 1.01%
2006 Lucky Cement
Cash dividend per share 1
Market price per share 100.42
Dividend yield 0.99%
Di id d P i
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Dividend Payout ratio:Dividend Payout Ratio = Cash dividend per share /
Earnings per share
Comments
In year 2006 the dividend
payout ratio of company is
13.6% which declined in
year 2007 at 12.9%. Due to
decreasing in cashdividend .
2007 Lucky Cement
Cash dividend 1.25
Net income 9.67
Dividend payout ratio 12.9%
2006 Lucky CementCash dividend 1
Net income 7.35
Dividend payout ratio 13.6%
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Market Value Per Share as on 30th June:
Comments
The market price value
is increasing during 2006and 2007. In 2006 themarket price value pershare was 100.42 and in
2007 123.04. It ispositive point forcompany.
2007 Lucky
Cement
Market Value per share(Rupees) 123.04
2006 Lucky Cement
Market Value per share(Rupees) 100.42
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