Question
Calculate the followings for two companies in the same industry of one of the three industry segments of Consumer staples, materials and energy listed on
Calculate the followings for two companies in the same industry of one of the three industry segments of Consumer staples, materials and energy listed on the Australian Securities Exchange (ASX Top 200). You required to analyse 2018/2019 FY annual reports.
Valuation ratios
1.Price to earnings ratio (PE )
2.Price/earnings to growth ratio
4.Dividend yield
Calculate the followings for two companies in the same industry of one of the three industry segments of Consumer staples, materials and energy listed on the Australian Securities Exchange (ASX Top 200). Each group is required to analyse 2018/2019 FY annual reports.
Valuation ratios
1.Price to earnings ratio (PE )
2.Price/earnings to growth ratio
4.Dividend yield
| APA Company | |||
| FY2019 | FY2018 | ||
| Financial Performance (Statutory) | $m | ||
| Revenue | $m | 2452.2 | 2386.7 |
| Revenue excluding pass-through (1) | $m | 2031 | 1941.4 |
| EBITDA | $m | 1573.8 | 1518.5 |
| Depreciation and amortisation expense | $m | 611.4 | 578.9 |
| EBIT | $m | 962.4 | 939.6 |
| Interest expense | $m | 497.4 | 509.7 |
| Tax (expense) / benefit | $m | 177 | 165.1 |
| Profit after tax including significant items | $m | 288 | 264.8 |
| Significant items after income tax | $m | ||
| Profit after tax excluding significant items | $m | 288 | 264.8 |
| Financial Position | |||
| Total assets | $m | 15433.9 | 15227.2 |
| Total drawn debt (2) | $m | 9352.1 | 8810.4 |
| Total equity | $m | 3599.4 | 4126.8 |
| Operating Cash Flow | |||
| Operating cash flow (3) | $m | 1012.1 | 1031.6 |
| Key Financial Ratios | |||
| Earnings per security (4) | cents | 24.4 | 23.3 |
| Operating cash flow per security (4) | cents | 85.8 | 90.7 |
| Distribution per security | cents | 47 | 45 |
| Funds from Operations to Net Debt | % | 10.8 | 10.7 |
| Funds from Operations to Interest | items | 3 | 3 |
| Weighted average number of securities (4) | m | 1179.9 | 1136.9 |
| EBITDA by Segment (Excluding Significant Items) | |||
| EBITDA (Continuing businesses) | |||
| Energy Infrastructure | |||
| East Coast | |||
| Queensland | $m | 1010.1 | 962.2 |
| New South Wales | $m | 149.4 | 147.1 |
| Victoria | $m | 114 | 124.6 |
| South Australia | $m | 2.1 | 2.6 |
| Northern Territory | $m | 19.2 | 22.9 |
| Western Australia | $m | 277.8 | 237.6 |
| Asset Management | $m | 53 | 66.2 |
| Energy Investments | $m | 28.4 | 23.1 |
| Corporate costs | $m | 80.1 | 67.9 |
| Divested businesses (7) | $m | ||
| AGL Company | |||
| Profit | FY2019 | FY2018 | |
| Revenue | $m | 13,246 | 12,816 |
| Underlying EBITDA | $m | 2,285 | 2,236 |
| Underlying EBIT | $m | 1,660 | 1,668 |
| Statutory Profit/(Loss) after tax | $m | 905 | 1,582 |
| Underlying Profit after tax | $m | 1,040 | 1,018 |
| Financial position and cash flow | |||
| Capital expenditure | $m | 939 | 778 |
| Total assets | $m | 14,821 | 14,633 |
| Net debt | $m | 2,600 | 2,491 |
| Gearing (net debt/net debt + equity) | % | 23.5 | 22.9 |
| Operating cash flow before interest, | |||
| tax and significant items | $m | 2,013 | 2,474 |
| Credit rating2 | Baa2 | Baa2 | |
| Shareholder value | |||
| Statutory earnings per share | cents | 138 | 241.2 |
| Underlying earnings per share | cents | 158.6 | 155.2 |
| Dividends declared | cents | 119 | 117 |
| Return on equity | % | 12.5 | 13.1 |
| Customer account numbers | |||
| Electricity accounts | 000 | 2,277 | 2,235 |
| Gas accounts | 000 | 1,431 | 1,406 |
| Total customer accounts | 000 | 3,708 | 3,641 |
| Dual fuel accounts | 000 | 2,070 | 2,027 |
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