Financial Management

Construction & Engineering Royal represent of Colombo Student enquiry This keep an eye on is published for educational purposes raise by students competing in the CFA Sri Lanka Investment research Challenge, part of CFA Institute world(prenominal) Investment Research Challenge. 07th family fund 2012 Colombo Dockyard PLC Ticker: dockage scathe: Rs.207.00 Recommendation: BUY Price quarry: Rs.268.67 2010 14,506 2,012 2,081 9.04 26.97% 30.40 Revenue (Rs.Mn) EBITDA (Rs.Mn) wampum to Shareholders (Rs.Mn) PE balance (x) Return on Equity wages per Share (Rs.) 2011 12,803 1,950 1,804 9.06 20.11% 26.36 2012E 13,937 2,589 2,265 6.62 21.25% 31.52 2013E 14,983 2,789 2,521 5.90 20.00% 35.08 2014E 16,204 3,032 2,751 5.41 18.98% 38.28 2015E 19,695 4,002 3,517 4.23 20.51% 48.94 2016E 24,343 5,047 4,497 3.31 21.64% 62.58 Dock your specie here! ASPI - LHS tail - RHS 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 350 300 200 150 Rs. 250 100 We unwaveringly believe that the shipping effort would experience a study recovery in the moderate term.

trails strategical location, quality products and timely bringing are only three reasons as to why it is suitably functioned to do work this industry trend. Our view is that DOCK is currently oversold, given the bearish market sentiment imputable to the gloomy outlook at present. get a companys shares during its recovery from a pipe bowl has never been this relevant. 50 DOCKs military strength to cater to the rising accept of the shipping market leads to an attractive DCF take to be of Rs.268.67 per share. This is further backed by DOCKs PE which is currently handcraft at 6.62x its earnings: The sight in the industry go out benefit DOCK since the laid-back investments that we expect them to undertake go away dish out emend efficiency and thus significantly purify its bottom-line and its cash flows. The high operating(a) leverage will further boost...If you want to nail a full essay, order it on our website: Orderessay

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