Ali Corp

Rentabilidad BVL3% 5% Beta1% 2% 0.75 7% 9%-3% 2%-2% -4%4% 5%6% 8%-1% -2%

no se puede porque el mercado peruano no es profundo ( No existen grandes capitales ni acciones con comportamiento diferente) y la HME es débil

Alicorp

%Deuda 25%%Capita 75%

CPPC = WACC= %Deuda x Kd x (1 -Tx) + %Capital x KeTx 30%

Kd 5.47%

Ke

Beta apalancado D/CEmp 1Emp 2Emp 3Emp 4Emp 5

Beta desap prom USA

Rentabilidad Alicorp

= Rf + Beta apalancado (Rm - Rf) + Riesgo pais

Beta apalancado Alicorp = beta desap prom USA { 1 + (D/C) *(1 - Tx) }

Beta desapalancado

Beta desap = Beta apalancado

1 + (D/C) * ( 1 - Tx)

no se puede porque el mercado peruano no es profundo ( No existen grandes capitales ni acciones con comportamiento diferente) y la HME es débil

WACCSector (Damodaran) 10.88%

CPPC = WACC= %Deuda x Kd x (1 -Tx) + %Capital x Ke 5 empresas 9.89%

KeSector (Damodaran) 13.2%

5 empresas 11.9%

Beta desap prom USA

(Rm - Rf) + Riesgo pais

= beta desap prom USA { 1 + (D/C) *(1 - Tx) }

Beta apalancado

1 + (D/C) * ( 1 - Tx)

2005 2006 2007Deuda de corto plazoDeuda de largo plazoPatrimonio Contable

D/K Contable #DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

0.33 0.33 0.33

D/K Promedio (2002 - 2009)

D/K Promedio (2009 - 2012)

2008 2009 2010 2011 2012268,349 166,404 12,967 387,559309,601 229,671 321,289 633,840

1,474,996 1,714,098 1,892,154 2,022,547

#DIV/0! 0.39 0.23 0.18 0.51

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

0.33 0.33 0.33 0.33 0.3261

%deuda 25%%Capital 75%

2,329,680

7,103,795

0.32794865

CONCEPTOS Importe Moneda Tasa

S/.

CréditosCréditos 712,998 NS 5.2500%

BonosPrimera emisión 95,370 NS 6.7998%

Segunda emisión 38,220 NS 6.2507%846,588

Kd

Importe x Tasa pag 62

37,432

6,484.992 6.6880% TNA cap semestral TNS =

2,389.033 6.1560% TNA cap semestral TNS =

46,306.420

5.47% CPPD

Nota 15 préstamos

3.34% = TES TEA 6.7998%

3.08% = TES TEA 6.2507%

Ke

Rf 5.17%Rm 11.10%Riesgo pais 2.63%

D/C alicorp 0.32614016Tx 30%

Beta desapalancado USASector (Damodaran) 0.74

5 empresas 0.56

Tasa Sector USA 21.63%

Market Cap Total DebtDole Food 989.1 1679.8 7223.8 1.46Tyson Foods ' 7010.8 2182 32266 0.54Archer Daniel 18115.9 10320 89038 0.73Unilever PLC 108895.6 17763.4 60170.1 0.72Kellogg 19954.9 6032 13198 0.33

Beta desap prom USA

= Rf + Beta apalancado (Rm - Rf) + Riesgo pais

www.damodaran.com

Beta apalancado Alicorp = beta desap prom USA { 1 + (D/C) *(1 - Tx) }

Revenues: Last fiscal

year

3-yr Regression

Beta

http://www.damodaran.com/

KeSector (Damodaran) 13.2%

5 empresas 11.9%

Beta aplancadoSector (Damodaran) 0.91

5 empresas 0.69

D/C 1.70 0.63 2668.9 0.31 0.43 9192.8 0.57 0.50 28435.9 0.16 0.64 126659 0.30 0.27 25986.9

0.56

= beta desap prom USA { 1 + (D/C) *(1 - Tx) }

Beta desapalancado

Valor de la empresa

Company Name SIC Code

Adecoagro S.A. AGRO Food Processing 2000 NYSAmerican Lorain Corporation ALN Food Processing 2000 AMSAmira Nature Foods Ltd ANFI Food Processing 2000 NYSAnnie's Inc. BNNY Food Processing 2000 NYSChina Kangtai Cactus Bio-Tech CKGT Food Processing 2000 NDQChina Modern Agriculture Info CMCI Food Processing 2000 NDQChina Marine Food Grp Ltd. CMFO Food Processing 2000 NDQCuisine Solutions Inc. CUSI Food Processing 2000 NDQGLG Life Tech Corp GLGLF Food Processing 2000 NDQIsatori Inc. IFIT Food Processing 2000 NDQLifevantage Corp LFVN Food Processing 2000 NDQNatural Grocers by Vitamin Cot NGVC Food Processing 2000 NYSTianli Agritech Inc OINK Food Processing 2000 NDQPuraMed BioScience Inc PMBS Food Processing 2000 NDQPost Holdings POST Food Processing 2000 NYSRidley Inc. RCL.TO Food Processing 2000 TSERegeneca Inc RGNA Food Processing 2000 NDQRiceBran Technologies RIBT Food Processing 2000 NDQRedpoint Bio Corp RPBC Food Processing 2000 NDQS&W Seed Company SANW Food Processing 2000 NDQSaputo Inc SAP.TO Food Processing 2000 TSESino Green Land Corp. SGLA Food Processing 2000 NDQUmami Sustainable Seafood Inc UMAM Food Processing 2000 NDQWorld Health Energy Holdings WHEN Food Processing 2000 NDQWhitewave Foods Company WWAV Food Processing 2000 NYSYuhe International Inc YUII Food Processing 2000 NDQCagle's Inc. CAGAQ Food Processing 2000 NDQTexas Hill Country Barbeque THCB Food Processing 2000 NDQGFR Pharmaceuticals Inc GFRP Food Processing 2000 NDQYanglin Soybean Inc. YSYB Food Processing 2000 NDQCell Tech Intl Inc EFLI Food Processing 2000 NDQBazi International Inc BAZI Food Processing 2000 NDQChina Organic Agriculture Inc CNOA Food Processing 2000 NDQCTD Holdings Inc CTDH Food Processing 2000 NDQIntegrated BioPharma Inc INBP Food Processing 2000 NDQGelStat Corporation GSAC Food Processing 2000 NDQRodobo International Inc. RDBO Food Processing 2000 NDQ

Ticker Symbol

Industry Name

Exchange Code

Imagenetix Inc IAGXQ Food Processing 2000 NDQSino Agro Foods Inc SIAF Food Processing 2000 NDQCoffee Holding Co. JVA Food Processing 2000 NDQSkinny Nutritional Corp SKNYE Food Processing 2000 NDQFeihe International Inc. ADY Food Processing 2000 NYSEmerald Dairy Inc. EMDY Food Processing 2000 NDQAgFeed Industries Inc. FEED Food Processing 2000 NDQAgria Corp GRO Food Processing 2000 NYSMedifast Inc MED Food Processing 2000 NYSShengtai Pharmaceutical Inc. SGTI Food Processing 2000 NDQPilgrim's Pride Corp PPC Food Processing 2000 NYSDiamond Foods DMND Food Processing 2000 NDQOmega Protein OME Food Processing 2000 NYSDean Foods DF Food Processing 2000 NYSSmart Balance SMBL Food Processing 2000 NDQSynutra Int'l SYUT Food Processing 2000 NDQNatural Alternatives Intl Inc. NAII Food Processing 2000 NDQFarmer Bros. Co. FARM Food Processing 2000 NDQTofutti Brands TOF Food Processing 2000 AMSOrigin Agritech Ltd SEED Food Processing 2000 NDQMGP Ingredients Inc. MGPI Food Processing 2000 NDQZhongpin HOGS Food Processing 2000 NDQChiquita Brands Int'l CQB Food Processing 2000 NYSDole Food DOLE Food Processing 2000 NYSNutriSystem Inc. NTRI Food Processing 2000 NDQBridgford Foods BRID Food Processing 2000 NDQSanfilippo John B. JBSS Food Processing 2000 NDQHerbalife Ltd. HLF Food Processing 2000 NYSCosan Limited CZZ Food Processing 2000 NYSThe Inventure Foods Inc. SNAK Food Processing 2000 NDQSeneca Foods 'B' SENEB Food Processing 2000 NDQSunOpta Inc. STKL Food Processing 2000 NDQSeneca Foods 'A' SENEA Food Processing 2000 NDQOverhill Farms Inc. OFI Food Processing 2000 AMSAlico Inc. ALCO Food Processing 2000 NDQUSANA Health Sciences USNA Food Processing 2000 NDQSnyder's-Lance LNCE Food Processing 2000 NDQSmithfield Foods SFD Food Processing 2000 NYSSanderson Farms SAFM Food Processing 2000 NDQReliv Intl RELV Food Processing 2000 NDQScheid Vineyards SVIN Food Processing 2000 NDQTyson Foods 'A' TSN Food Processing 2000 NYSB&G Foods BGS Food Processing 2000 NYS

Ralcorp Holdings RAH Food Processing 2000 NYSIngredion Inc. INGR Food Processing 2000 NYSArmanino Foods of Distinction AMNF Food Processing 2000 NDQRoyal Hawaiian Orchards L.P. NNUTU Food Processing 2000 NDQHigh Liner Foods Inc HLF.TO Food Processing 2000 TSEHain Celestial Group HAIN Food Processing 2000 NDQNutraceutical Intl NUTR Food Processing 2000 NDQArcher Daniels Midl'd ADM Food Processing 2000 NYSG Willi-Food International WILC Food Processing 2000 NDQTreeHouse Foods THS Food Processing 2000 NYSMondelez Int'l MDLZ Food Processing 2000 NDQCalavo Growers CVGW Food Processing 2000 NDQLifeway Foods Inc. LWAY Food Processing 2000 NDQBunge Ltd. BG Food Processing 2000 NYSTate & Lyle Plc TATYY Food Processing 2000 NDQCal-Maine Foods CALM Food Processing 2000 NDQMead Johnson Nutrition MJN Food Processing 2000 NYSMaple Leaf Foods Inc. MFI.TO Food Processing 2000 TSESensient Techn. SXT Food Processing 2000 NYSFlowers Foods FLO Food Processing 2000 NYSHillshire Brands HSH Food Processing 2000 NYSJ&J Snack Foods JJSF Food Processing 2000 NDQRocky Mountain Choc Factory RMCF Food Processing 2000 NDQUnilever PLC ADR UL Food Processing 2000 NYSFresh Del Monte Prod. FDP Food Processing 2000 NYSGolden Enterprises GLDC Food Processing 2000 NDQHanover Foods Corporation /PA/ HNFSA Food Processing 2000 NDQTootsie Roll Ind. TR Food Processing 2000 NYSSmucker (J.M.) SJM Food Processing 2000 NYSNestle SA ADS NSRGY Food Processing 2000 NDQHershey Co. HSY Food Processing 2000 NYSCanada Bread Ltd CBY.TO Food Processing 2000 TSEHormel Foods HRL Food Processing 2000 NYSConAgra Foods CAG Food Processing 2000 NYSKellogg K Food Processing 2000 NYSCampbell Soup CPB Food Processing 2000 NYSMcCormick & Co. MKC Food Processing 2000 NYSHeinz (H.J.) HNZ Food Processing 2000 NYSGen'l Mills GIS Food Processing 2000 NYS

Size class Stock Price Market Cap Total Debt8 $8.48 218788 120.2 $1,006.40 $360.704 $1.28 21332 34.5 $40.40 $51.701 $7.95 63338 0 $0.00 $0.007 $33.43 135581 17.1 $569.60 $12.801 $0.07 62143 22.3 $1.60 $1.003 $0.39 10165 53.1 $18.10 $0.203 $0.80 124027 29.7 $23.80 $2.503 $1.10 500 17.4 $17.60 $7.702 $0.29 620 32.9 $9.10 $70.603 $3.00 4800 5.6 $31.60 $0.005 $2.19 339052 110.2 $248.30 $0.002 $19.09 126701 0.6 $11.90 $28.402 $0.85 22398 10.1 $9.60 $4.701 $0.04 24350 24 $1.30 $0.508 $34.25 313339 0 $1,171.30 $0.005 $9.17 100 12.8 $122.10 $11.102 $0.00 242700 824.4 $9.30 $0.202 $0.05 1030482 201.3 $12.30 $14.701 $0.00 10000 79.9 $0.80 $0.004 $7.72 8554 6.8 $57.70 $0.00

10 $50.31 214439 199 $10,021.60 $546.502 $0.00 0 157.8 $2.30 $0.005 $1.94 3600 59.5 $122.00 $38.001 $0.00 1411000 4258 $0.00 $0.101 $15.54 417395 0 $0.00 $0.002 $0.13 23930 16.7 $2.60 $11.702 $3.10 0 4.6 $13.80 $25.401 $0.07 0 0 $0.00 $0.002 $0.35 280 42.1 $13.50 $0.501 $0.01 0 20.9 $0.20 $26.501 $0.14 0 0 $0.00 $0.002 $0.02 57500 50.5 $2.40 $0.201 $0.01 108714 73.2 $0.70 $10.402 $0.13 0 36.6 $4.80 $0.802 $0.16 7100 21.1 $3.00 $13.701 $0.01 0 35.8 $0.40 $0.602 $0.11 0 27.3 $3.00 $2.70

Trading Volume

# of shares outstanding

1 $0.10 5000 11.8 $1.10 $1.104 $0.53 282800 66 $43.90 $0.004 $7.00 142943 6.4 $44.90 $1.802 $0.00 0 584.6 $7.90 $0.605 $6.60 47708 19.7 $129.80 $101.702 $0.15 22900 34 $2.40 $10.202 $0.22 320517 51.4 $14.60 $74.104 $0.69 95450 55.4 $40.40 $202.206 $26.39 285871 14.1 $357.40 $5.702 $1.46 0 9.6 $13.90 $91.708 $7.24 760955 214.3 $1,836.30 $1,473.606 $13.67 547346 22 $303.00 $531.705 $6.12 89855 19.6 $119.50 $31.109 $16.51 2198460 183.7 $2,984.80 $3,765.907 $12.90 269370 58.9 $744.00 $102.906 $4.63 20529 57.3 $257.30 $224.903 $5.02 4690 6.9 $34.90 $0.005 $14.43 84561 15.4 $222.60 $45.002 $1.16 1900 5.2 $6.10 $0.003 $1.39 128107 23.4 $32.30 $3.704 $3.42 18311 17.9 $61.50 $14.106 $12.84 153477 40.4 $474.00 $412.406 $8.25 318349 45.8 $372.70 $572.507 $11.47 583242 89 $989.10 $1,679.805 $8.17 443487 28.2 $216.90 $30.004 $6.81 0 9.2 $62.60 $0.005 $18.18 46954 10.8 $199.00 $96.709 $32.94 16335458 115.8 $3,053.60 $203.609 $17.31 344324 265.4 $4,580.50 $2,570.605 $6.49 65332 18.6 $119.30 $26.806 $29.99 0 11.7 $319.20 $234.206 $5.63 287569 65.8 $366.50 $162.006 $30.40 15686 11.7 $316.90 $234.204 $4.33 32256 16 $71.10 $6.706 $36.63 37422 7.4 $274.00 $39.906 $32.93 326871 14.9 $452.70 $0.008 $24.12 212322 67.8 $1,628.30 $258.209 $21.57 2040733 157.4 $3,088.70 $1,964.408 $47.55 231769 22.2 $1,086.90 $284.803 $1.31 5104 12.5 $16.10 $4.201 $14.50 2289 0 $0.00 $0.009 $19.40 2911633 370 $7,010.80 $2,182.008 $28.31 376682 47.7 $1,354.40 $720.20

9 $89.65 1591374 55.2 $4,918.80 $2,172.509 $64.43 371649 75.9 $4,941.80 $1,949.003 $0.92 20160 32.6 $28.60 $1.803 $3.60 1353 7.5 $27.00 $11.406 $31.53 6627 15.1 $471.90 $364.608 $54.22 825043 45 $2,401.40 $390.605 $16.54 41376 9.8 $158.20 $34.00

10 $27.39 4585464 659 $18,115.90 $10,320.004 $4.75 15348 13.6 $65.20 $1.608 $52.13 179875 35.9 $1,847.20 $904.90

10 $25.45 10727789 1767.9 $45,067.00 $26,931.006 $25.21 74326 14.8 $356.10 $41.505 $8.74 20018 16.4 $135.00 $7.60

10 $72.69 445176 145.6 $10,620.60 $4,081.009 $50.04 835 114.2 $5,660.30 $2,611.608 $40.22 461852 23.9 $1,050.80 $76.30

10 $65.89 818002 205.1 $13,323.80 $1,531.908 $11.97 12917 139.5 $1,644.90 $984.008 $35.56 284281 49.9 $1,799.60 $335.409 $23.27 664434 136 $3,207.20 $326.209 $28.14 1014434 120.6 $3,393.70 $944.008 $63.88 59632 18.7 $1,173.20 $0.804 $10.56 8036 6.2 $63.80 $0.00

10 $38.72 597301 2820.4 $108,895.60 $17,763.408 $26.35 105548 57.8 $1,506.10 $215.504 $3.43 981 11.7 $40.40 $7.401 $94.00 0 0 $0.00 $0.008 $25.92 136388 59.2 $1,506.00 $7.50

10 $86.24 305150 110.3 $9,276.40 $2,070.5010 $65.17 500101 3172 $207,861.20 $23,868.0010 $72.22 835131 225.5 $16,082.90 $1,888.208 $50.34 0 25.4 $1,279.70 $7.209 $31.21 843878 264 $8,086.90 $250.00

10 $29.50 3468768 407.6 $11,927.30 $2,936.7010 $55.85 1297525 357.3 $19,954.90 $6,032.0010 $34.89 1588071 312 $10,914.30 $2,790.009 $63.53 399099 133 $8,363.00 $1,252.10

10 $57.68 1633179 320.3 $18,553.30 $5,026.7010 $40.42 4224774 648.5 $26,210.60 $7,429.60

Firm Value Cash Current PE$1,367.10 $1,036.60 $330.50 $548.10 NA 17.97

$92.10 $74.70 $17.40 $213.20 NA 2.03$0.00 $0.00 $0.00 NA NA NA

$582.40 $581.80 $0.60 $141.30 $156.80 59.33$2.60 $0.00 $2.60 $36.00 $41.80 0.14

$18.30 $1.40 $16.90 $29.80 $30.90 1.05$26.30 $25.70 $0.60 $143.90 $171.40 2.77$25.30 $24.30 $1.00 $87.50 $80.40 NA$79.70 $75.20 $4.50 $24.80 $9.90 NA$31.60 $27.80 $3.80 NA $7.20 NA$248.30 $223.70 $24.60 $126.20 $126.20 19.86$40.30 $39.90 $0.40 $264.50 NA 3.40$14.30 $7.80 $6.50 $31.40 $29.50 1.19$1.80 $1.80 $0.00 $0.70 NA NA

$1,171.30 $1,171.30 $0.00 NA $958.90 NA$133.20 $131.50 $1.70 $649.50 $693.10 12.99

$9.50 $9.30 $0.20 $0.10 $1.20 NA$27.00 $22.60 $4.40 $37.00 NA NA$0.80 $0.70 $0.10 $0.50 $0.50 NA

$57.70 $49.50 $8.20 $14.10 $14.70 144.25$10,568.10 $10,424.00 $144.10 $6,930.40 $6,943.70 26.32

$2.30 $1.40 $0.90 $140.10 NA 0.33$160.00 $158.90 $1.10 $57.00 NA 101.67

$0.10 $0.10 $0.00 NA NA NA$0.00 $0.00 $0.00 NA NA NA

$14.30 -$20.20 $34.50 $67.50 $82.60 0.13$39.20 $37.80 $1.40 $310.10 $313.50 NA$0.00 $0.00 $0.00 NA NA NA

$14.00 $13.50 $0.50 $4.70 NA 6.75$26.70 $9.80 $16.90 $139.00 NA NA$0.00 $0.00 $0.00 NA NA NA$2.60 $2.60 $0.00 $1.30 $1.60 NA

$11.10 $3.80 $7.30 $112.70 NA 0.04$5.60 $5.50 $0.10 $1.00 $1.00 NA

$16.70 $15.70 $1.00 $36.60 $37.10 NA$1.00 $1.00 $0.00 NA NA NA$5.70 $0.50 $5.20 $69.80 $89.20 0.26

Enterprise Value

Revenues: Last fiscal

year

Trailing 12-mth

Revenues

$2.20 $1.80 $0.40 $7.10 $7.20 NA$43.90 $29.80 $14.10 $51.90 NA 2.93$46.70 $42.50 $4.20 $146.80 $186.30 56.13$8.50 $8.50 $0.00 $5.70 $6.20 NA

$231.50 $216.00 $15.50 $292.90 $279.40 28.84$12.60 -$4.50 $17.10 $55.30 $55.70 0.38$88.70 $76.30 $12.40 $243.60 $331.50 NA$242.60 $216.50 $26.10 $1,096.60 $1,096.60 NA$363.10 $329.30 $33.80 $298.20 $343.00 19.32$105.60 $100.70 $4.90 $179.00 $187.60 12.64

$3,309.90 $3,268.10 $41.80 $7,535.70 $7,761.10 NA$834.70 $831.60 $3.10 $965.90 $952.50 5.14$150.60 $99.20 $51.40 $235.20 $225.40 6.99

$6,750.70 $6,635.80 $114.90 $13,055.50 $12,778.80 21.18$846.90 $838.90 $8.00 $274.30 $340.40 47.39$482.20 $417.40 $64.80 $342.50 $319.50 15.41$34.90 $20.40 $14.50 $72.80 $71.00 8.31$267.60 $242.70 $24.90 $495.40 $493.40 NA

$6.10 $4.50 $1.60 $15.90 $14.30 NA$36.00 $15.70 $20.30 $88.80 $101.20 NA$75.60 $67.40 $8.20 $247.90 $316.70 NA$886.40 $750.60 $135.80 $1,456.20 $1,603.80 7.38$945.20 $899.90 $45.30 $3,139.30 $3,061.70 6.56

$2,668.90 $2,546.60 $122.30 $7,223.80 $6,838.00 25.89$246.90 $189.30 $57.60 $401.30 $401.30 15.49$62.60 $53.30 $9.30 $118.30 $122.60 NA$295.70 $293.20 $2.50 $700.60 $721.30 11.64

$3,257.20 $2,998.40 $258.80 $3,454.50 $3,897.50 7.40$7,151.10 $6,333.30 $817.80 $11,913.50 $5,784.70 NA$146.10 $145.40 $0.70 $162.20 $186.10 42.61$553.40 $544.00 $9.40 $1,261.80 $1,267.80 28.25$528.50 $526.10 $2.40 $1,082.10 $1,094.10 38.18$551.10 $541.70 $9.40 $1,261.80 $1,267.80 28.04$77.80 $75.80 $2.00 $194.40 $192.30 22.94$313.90 $300.30 $13.60 $127.20 $127.20 19.86$452.70 $402.30 $50.40 $581.90 $626.10 8.91

$1,886.50 $1,865.70 $20.80 $1,635.00 $1,610.90 34.06$5,053.10 $4,728.80 $324.30 $13,094.30 $13,004.60 7.40$1,371.70 $1,360.60 $11.10 $1,978.10 $2,385.50 NA

$20.30 $13.10 $7.20 $73.90 $68.70 16.10$0.00 $0.00 $0.00 NA $28.00 NA

$9,192.80 $8,476.80 $716.00 $32,266.00 $33,278.00 9.35$2,074.60 $2,057.90 $16.70 $543.90 $610.10 25.70

$7,091.30 $7,033.10 $58.20 $4,741.00 $4,322.20 17.21$6,890.80 $6,489.80 $401.00 $6,219.00 $6,435.40 13.50

$30.40 $28.00 $2.40 $24.80 $26.90 11.92$38.40 $37.90 $0.50 $18.00 $18.90 38.57$836.50 $833.20 $3.30 $668.60 $779.20 25.93

$2,792.00 $2,762.10 $29.90 $1,378.20 $1,451.20 28.09$192.20 $187.40 $4.80 $200.40 $200.40 9.71

$28,435.90 $26,968.90 $1,467.00 $89,038.00 $88,944.00 12.11$66.80 $19.10 $47.70 $91.50 $84.90 9.06

$2,752.10 $2,748.80 $3.30 $2,050.00 $2,125.10 18.42$71,998.00 $70,024.00 $1,974.00 $54,365.00 $45,054.00 11.09

$397.60 $394.80 $2.80 $522.50 $557.00 32.08$142.60 $139.50 $3.10 $70.00 $79.50 46.55

$14,701.60 $13,866.60 $835.00 $58,743.00 $62,274.00 11.80$8,271.90 $7,304.40 $967.50 $5,616.90 NA 41.14$1,127.10 $866.30 $260.80 $1,113.10 $1,142.20 16.71

$14,855.70 $14,015.40 $840.30 $3,677.00 $3,831.50 26.20$2,628.90 $2,628.90 $0.00 $4,893.60 $4,928.50 18.42$2,135.00 $2,112.10 $22.90 $1,430.80 $1,443.30 14.93$3,533.40 $3,525.60 $7.80 $2,773.40 $2,950.70 25.99$4,337.70 $4,102.70 $235.00 $4,094.00 $4,080.00 NA$1,174.00 $1,061.00 $113.00 $744.10 $830.70 24.19

$63.80 $59.70 $4.10 $34.60 $35.80 16.36$126,659.00 $122,147.60 $4,511.40 $60,170.10 $61,409.90 19.78

$1,721.60 $1,674.70 $46.90 $3,589.70 $3,425.10 16.28$47.80 $45.90 $1.90 $136.20 $137.60 18.36$0.00 $0.00 $0.00 NA NA NA

$1,513.50 $1,424.00 $89.50 $528.40 $546.70 34.31$11,346.90 $11,117.20 $229.70 $5,525.80 $5,821.40 17.32

$231,729.20 $223,182.20 $8,547.00 $89,497.00 NA 20.48$17,971.10 $17,277.40 $693.70 $6,080.80 $6,460.40 24.79$1,286.90 $1,227.70 $59.20 $1,595.50 $1,576.90 24.61$8,336.90 $7,797.70 $539.20 $7,895.10 $8,230.70 17.05

$14,864.00 $14,761.00 $103.00 $13,262.60 $13,834.10 15.51$25,986.90 $25,526.90 $460.00 $13,198.00 $13,649.00 16.21$13,704.30 $13,369.30 $335.00 $7,707.00 $7,882.00 13.94$9,615.10 $9,561.20 $53.90 $3,697.60 $3,979.10 22.35

$23,580.00 $22,249.60 $1,330.40 $11,649.10 $11,586.10 17.08$33,640.20 $33,169.00 $471.20 $16,657.90 $17,119.30 15.35

Trailing PE Forward PE PEG Ratio PBV Ratio PS RatioNA NA NA 15.76 0.93 1.84NA NA NA NA 0.27 0.19NA $0.68 11.69 NA NA NA

56.96 $0.81 41.27 2.64 11.60 4.030.13 NA NA NA 0.04 0.041.60 NA NA NA 0.40 0.61NA NA NA NA 0.18 0.17NA NA NA NA 0.71 0.20NA NA NA NA 0.07 0.37NA NA NA NA 6.32 NA

19.86 NA NA NA 8.77 1.97NA NA NA 0.13 0.83 0.04

12.00 NA NA NA 0.24 0.31NA NA NA NA NA 1.86

22.97 $1.70 20.15 NA NA NA6.60 NA NA NA 1.02 0.19NA NA NA NA NA 93.00NA NA NA NA 0.90 0.33NA NA NA NA NA 1.60NA $0.08 96.50 NA 2.87 4.09

26.46 $2.65 18.98 2.63 4.76 1.45NA NA NA NA 0.06 0.02NA NA NA NA 3.32 2.14NA NA NA NA NA NANA $0.61 25.48 NA NA NA

0.11 NA NA NA 0.02 0.04NA NA NA NA 0.40 0.04NA NA NA NA NA NANA NA NA NA 1.59 2.87NA NA NA NA 0.01 0.00NA NA NA NA NA NANA NA NA NA NA 1.85NA NA NA NA 0.01 0.01NA NA NA NA 3.43 4.80NA NA NA NA NA 0.08NA NA NA NA NA NA

0.65 NA NA NA 0.05 0.04

Forward EPS

NA NA NA NA 0.52 0.15NA NA NA NA 0.35 0.85

56.13 NA NA 3.74 2.05 0.31NA NA NA NA NA 1.39

9.54 NA NA NA 0.74 0.440.32 NA NA NA 0.05 0.04NA NA NA NA 0.12 0.06NA NA NA NA 0.18 0.04

23.51 $1.45 18.20 NA 4.87 1.2034.75 NA NA NA 0.22 0.0827.78 $0.51 14.20 NA 3.31 0.24

202.00 NA NA 0.57 0.67 0.3123.43 $0.43 14.23 0.70 0.61 0.5112.70 $1.37 12.05 2.35 NA 0.2360.98 $0.39 33.08 1.69 2.31 2.71

NA $1.48 3.13 NA 2.68 0.7510.26 NA NA NA 0.87 0.48

NA $0.42 34.36 NA 3.24 0.45NA NA NA NA 1.36 0.38NA NA NA NA 0.80 0.36NA NA NA NA 0.82 0.25

10.80 $2.03 6.33 0.48 0.94 0.33NA NA NA NA 0.47 0.12

13.76 $1.68 6.83 0.96 1.25 0.1439.44 $0.75 10.89 2.07 2.89 0.54

104.33 NA NA NA 2.52 0.538.96 NA NA NA 0.99 0.286.56 $4.27 7.71 0.49 5.45 0.8820.29 NA NA NA 1.66 0.3820.93 $0.33 19.67 2.13 2.87 0.748.18 NA NA NA 0.90 0.25NA $0.38 14.82 1.27 1.23 0.34

8.10 NA NA NA 0.89 0.2550.79 NA NA NA 1.61 0.3721.57 $2.42 15.14 NA 2.15 2.157.40 $4.39 7.50 0.50 2.60 0.7825.17 $1.20 20.10 2.62 1.94 1.009.19 $1.78 12.12 0.78 0.91 0.2420.17 $3.00 15.85 NA 2.14 0.5513.42 NA NA NA 1.11 0.22

NA NA NA NA NA NA10.14 $1.30 14.92 0.75 1.24 0.2221.03 $1.47 19.26 1.98 5.75 2.49

25.19 $3.80 23.59 8.61 1.88 1.0412.19 $5.50 11.71 1.00 2.35 0.7910.59 NA NA NA 5.50 1.15

NA NA NA NA 0.64 1.5030.45 NA NA NA 2.92 0.7126.45 NA NA 1.48 2.49 1.7410.01 $1.80 9.19 NA 1.21 0.7913.65 NA NA 1.86 1.01 0.2014.82 NA NA NA 0.82 0.7117.97 $3.04 17.15 2.17 1.72 0.9013.90 $1.55 16.42 11.09 1.28 0.8321.71 $1.81 13.93 1.56 3.72 0.6832.14 $0.30 29.13 NA 3.81 1.9312.69 $7.35 9.89 0.76 0.91 0.18

NA NA NA NA 3.63 1.0115.18 NA NA 1.76 2.19 0.9423.74 $3.34 19.73 2.10 NA 3.6219.24 NA NA NA 1.90 0.3414.36 $2.65 13.42 1.66 1.72 1.2626.62 $1.08 21.55 3.25 4.23 1.16

199.63 NA NA NA 14.44 0.8321.69 $3.00 21.29 3.46 2.71 1.5814.50 $0.68 15.53 NA 3.41 1.84

NA $2.24 17.29 3.04 5.88 1.8111.21 $2.38 11.07 1.30 0.89 0.4217.57 NA NA NA 1.66 0.30

NA NA NA NA NA NA30.42 $0.93 27.87 4.04 2.26 2.8516.94 $5.43 15.88 2.16 1.80 1.68

NA $3.54 18.41 2.41 3.42 2.3222.02 $3.50 20.63 1.98 18.94 2.6421.47 $3.06 16.45 NA 1.93 0.8016.17 $2.05 15.22 1.71 3.04 1.0214.02 NA NA 1.72 2.69 0.9017.00 $3.55 15.73 2.16 11.34 1.5113.71 NA NA 2.32 12.15 1.4221.39 $3.37 18.85 2.48 5.17 2.2616.59 $3.60 16.02 2.63 6.73 1.5914.72 NA NA 2.19 4.08 1.57

EV/EBIT EV/EBITDA EV/Sales265.79 27.35 0.93 0.95 1.89 NA

2.68 2.47 0.41 0.46 0.35 NANA NA NA NA NA NA

30.15 28.95 9.49 9.41 4.12 3.71NA NA 0.00 0.06 0.00 0.00

0.08 0.07 0.05 0.40 0.05 0.052.07 1.70 0.20 0.20 0.18 0.15

121.50 11.57 0.77 0.78 0.28 0.30NA NA 0.39 0.40 3.03 7.60NA NA 23.17 6.32 NA 3.86

10.40 10.17 60.46 8.77 1.77 1.775.39 2.73 0.94 0.94 0.15 NA0.94 0.74 0.20 0.32 0.25 0.26NA NA NA NA 2.57 NANA NA NA NA NA 1.22

6.85 4.93 1.02 1.02 0.20 0.19NA NA NA NA 93.00 7.75NA NA 0.94 0.95 0.61 NANA 22.19 NA NA 1.40 1.40

82.50 55.00 4.16 2.87 3.51 3.3714.30 12.55 4.16 3.98 1.50 1.500.19 0.18 0.04 0.06 0.01 NA61.12 39.73 2.16 2.14 2.79 NA

NA NA NA NA NA NANA NA NA NA NA NANA NA -0.24 0.12 -0.30 -0.24

54.00 6.41 0.64 0.65 0.12 0.12NA NA NA NA NA NA

4.82 3.75 1.59 1.56 2.87 NANA NA 0.21 0.42 0.07 NANA NA NA NA NA NA

7.69 7.69 NA NA 2.00 1.630.16 0.16 0.07 0.19 0.03 NANA NA 2.62 2.55 5.50 5.50NA NA 6.83 5.06 0.43 0.42NA NA NA NA NA NA

0.05 0.04 0.01 0.08 0.01 0.01

EV/ Invested Capital

Value/BV of Capital

EV/ Trailing Sales

0.64 0.62 0.64 0.69 0.25 0.251.52 1.43 0.27 0.35 0.57 NA35.42 26.56 2.18 1.97 0.29 0.2328.33 28.33 NA NA 1.49 1.3729.59 15.21 0.83 0.84 0.74 0.77

NA NA -0.11 0.22 -0.08 -0.0811.84 7.75 0.41 0.44 0.31 0.239.58 6.64 0.53 0.56 0.20 0.2012.02 9.44 7.27 4.59 1.10 0.9618.31 7.40 0.68 0.69 0.56 0.543.56 2.92 1.64 1.63 0.43 0.427.58 5.97 0.85 0.85 0.86 0.873.36 2.16 0.56 0.66 0.42 0.4414.30 8.85 1.87 1.84 0.51 0.5226.55 21.29 2.01 2.00 3.06 2.4611.19 8.50 1.63 1.50 1.22 1.313.29 2.22 0.80 0.87 0.28 0.29NA 18.96 2.73 2.35 0.49 0.49

45.00 45.00 1.55 1.36 0.28 0.3113.08 3.27 0.66 0.81 0.18 0.1637.44 6.36 0.83 0.85 0.27 0.218.69 7.10 0.96 0.97 0.52 0.4711.41 6.44 0.68 0.69 0.29 0.2910.19 7.20 1.08 1.08 0.35 0.379.91 6.07 3.99 2.35 0.47 0.47NA 76.14 3.44 2.52 0.45 0.43

8.88 5.86 0.99 0.99 0.42 0.415.33 4.73 5.94 4.26 0.87 0.7715.08 6.43 1.40 1.34 0.53 1.0927.96 14.84 2.15 2.14 0.90 0.7821.94 11.45 0.94 0.94 0.43 0.4315.38 9.82 1.15 1.15 0.49 0.4821.84 11.40 0.93 0.94 0.43 0.4314.58 8.81 1.55 1.53 0.39 0.3912.62 9.33 1.95 1.88 2.36 2.365.21 4.69 3.26 2.60 0.69 0.6422.05 13.34 1.73 1.72 1.14 1.166.09 4.64 0.94 0.94 0.36 0.3633.69 14.78 1.74 1.73 0.69 0.577.28 4.52 1.14 1.09 0.18 0.19NA NA NA NA NA 0.00

6.60 4.73 1.19 1.17 0.26 0.2517.91 15.70 2.19 2.17 3.78 3.37

12.88 9.10 1.49 1.48 1.48 1.6311.13 8.17 1.78 1.70 1.04 1.017.57 7.18 6.09 4.34 1.13 1.0437.90 10.83 0.71 0.71 2.11 2.0118.56 15.26 1.59 1.59 1.25 1.0719.34 15.94 2.08 2.06 2.00 1.907.07 5.31 1.17 1.16 0.94 0.9413.21 9.33 1.01 1.01 0.30 0.302.17 1.89 0.58 0.83 0.21 0.2213.48 9.58 1.39 1.39 1.34 1.299.69 8.04 1.16 1.16 1.29 1.5521.46 17.39 2.94 2.90 0.76 0.7127.35 15.50 3.50 3.32 1.99 1.7511.80 8.15 0.93 0.93 0.24 0.224.25 3.79 2.28 1.98 1.30 NA9.78 7.26 2.94 2.03 0.78 0.7617.66 16.13 27.35 10.98 3.81 3.6610.00 6.82 1.42 1.42 0.54 0.5311.01 8.87 1.55 1.54 1.48 1.4618.64 12.43 3.27 3.26 1.27 1.1955.44 12.07 4.35 3.68 1.00 1.0113.85 10.44 3.31 2.71 1.43 1.2810.29 9.05 4.09 3.41 1.73 1.6714.66 12.64 3.85 3.49 2.03 1.9912.97 8.27 0.90 0.90 0.47 0.4911.48 6.29 1.54 1.50 0.34 0.33

NA NA NA NA NA NA25.94 19.22 2.44 2.25 2.69 2.6012.31 10.00 1.59 1.57 2.01 1.9115.20 12.53 2.93 2.74 2.49 NA15.89 13.26 8.45 6.57 2.84 2.6711.18 7.45 2.01 1.92 0.77 0.7810.90 9.29 3.29 2.87 0.99 0.9513.06 9.83 2.03 2.02 1.11 1.0712.92 10.89 3.48 3.34 1.93 1.8710.82 8.92 3.99 3.72 1.73 1.7017.70 14.97 3.39 3.35 2.59 2.4013.28 11.02 3.45 3.03 1.91 1.9212.27 10.23 2.48 2.43 1.99 1.94

NA 1.14% NA NA NA NANA NA NA NA NA 1.1NA NA NA NA NA NANA 22.50% NA NA NA NANA NA NA 52.50% NA 0.7NA NA NA NA NA NANA NA NA NA NA 1.4NA NA NA NA NA 0.6NA NA NA NA NA 0.9NA NA NA -40.50% NA NANA NA NA 21.50% NA 0.5NA 26.50% NA NA NA NANA NA NA NA NA 1.1NA NA NA NA NA 1.2NA NA NA NA NA NA

-4.50% NA NA 5.00% NA 0.35NA NA NA NA NA 1NA NA NA 12.00% NA 0.7NA NA NA NA NA 0.7NA NA NA NA NA 0.5

13.00% 10.00% NA 10.00% NA 0.55NA NA NA NA NA NANA NA NA NA NA NANA NA NA NA NA NANA 20.00% NA NA NA NANA NA NA NA NA 0.75NA NA NA 3.50% 4.67 NANA NA NA NA -6.69 NA

-8.50% NA NA NA 1.8 0.15NA NA NA NA -3.07 0.65NA NA NA NA -3.78 0.7NA NA NA 3.00% 1.8 0.8NA NA NA NA 2.17 1.1NA NA NA -8.50% 2.61 0.95NA NA NA -16.00% 2.47 0.7NA NA NA NA -0.31 NANA NA NA NA 0.38 0.95

Growth in EPS: Last 5

years

Expected Growth in

EPS: next 5 years

Expected Growth in Revenues:

next 5 years

Growth in Revenue- last year

3-yr Regression

BetaValue Line

Beta

NA NA NA -1.00% 0.85 0.05NA NA NA NA 0.8 NA

10.50% 15.00% NA 15.50% 1.1 1.2NA NA NA -2.50% 1.12 0.55NA NA NA 22.00% 1.29 1.1NA NA NA NA -0.87 0.4NA NA NA NA 2.42 1.85NA NA NA 35.00% 0.94 1.4

37.50% NA NA 34.00% 1.51 1.35NA NA NA 24.50% 1.57 0.65NA NA NA -18.50% 0.95 1.4NA 9.00% 12.00% NA 0.06 0.6

18.50% 10.00% NA 11.00% 1.88 1.35-12.00% 9.00% 1.50% -3.00% 1.18 0.7

NA 28.00% 17.00% NA 1.24 0.7NA NA 15.00% 8.50% 2.36 1.2

24.00% NA NA -9.00% 0.61 0.55NA 20.00% NA 16.00% 1.77 1.05

-5.00% NA NA -0.50% -0.33 0.6NA NA NA 8.50% 1.83 1.55NA NA NA -4.50% 2.42 1.5

39.00% 15.50% 19.50% 31.00% 1.6 1.211.50% -7.00% -0.50% -4.50% 2.18 1.3

NA 27.00% 4.50% NA 1.46 1.15-2.00% 7.50% 4.00% 16.50% 0.25 0.85

NA NA NA -1.00% 0.54 0.5NA NA NA 2.50% 0.6 0.85

37.50% 15.00% 11.50% 16.50% 1.1 1NA NA NA 14.50% 1.85 1.4

22.00% 20.00% NA 16.00% 0.73 0.851.00% NA NA -3.50% 0.89 0.45

-18.00% 30.00% NA 14.00% 1.1 1.33.50% NA NA -3.50% 0.89 0.55-2.50% NA NA 0.50% 1.02 0.85

NA NA NA 2.50% 1.3 18.00% 18.00% NA 13.50% 0.87 0.75.00% 13.00% 5.00% 0.50% 0.88 0.6-4.50% 9.50% 7.00% -6.50% 0.93 1.3-10.50% 31.00% 4.50% 11.50% -0.13 0.65-19.50% NA NA -1.00% 0.67 0.6

NA NA NA NA 0.8 0.4516.50% 12.50% 6.50% 1.00% 0.54 16.00% 13.00% 6.00% -6.00% 0.8 1.1

15.00% 2.00% 5.00% 5.00% 0.64 NA19.50% 13.50% 11.00% 14.00% 1.36 1.16.50% NA NA -19.00% 0.44 0.45

NA NA NA 0.50% 0.48 0.55NA NA NA 9.00% 0.41 0.45

7.00% 19.00% 14.00% 6.00% 0.33 0.956.00% NA NA 7.00% 0.94 0.98.00% 6.50% 7.00% 14.50% 0.73 0.9

NA NA NA NA 0.18 0.9519.00% 8.50% 5.00% 15.50% 0.09 0.552.00% 1.00% -3.00% 7.50% 0.56 NA21.50% 20.50% 13.00% 8.50% 0.51 0.8510.50% NA NA 25.00% 0.01 0.85-2.50% 15.50% 9.00% 9.50% 0.83 1.3

NA NA NA NA 0.86 0.8NA 9.50% 8.50% 15.00% 0.4 1NA 12.50% 9.50% NA 0.64 0.65

-11.50% NA NA -6.50% 0.32 0.78.50% 9.00% 5.50% 3.50% 1.03 0.916.00% 8.00% 5.00% 9.50% 0.18 0.5

NA NA NA NA 0.58 NA12.00% 7.00% 6.50% 8.00% 0.55 0.70.50% NA NA 4.00% 0.23 0.84.00% 6.50% 5.00% 4.00% 0.72 0.753.50% 12.50% 3.50% 2.00% 0.47 0.8546.50% NA NA 4.50% 0.56 0.45

NA NA NA NA 0.2 0.5-3.50% 8.50% 4.50% 3.50% 0.81 0.711.50% 8.00% 8.00% 3.50% 0.45 0.7

NA 8.50% 4.50% NA 0.56 0.652.50% 12.50% 7.50% 5.00% 0.07 0.6-0.50% NA NA 4.00% 0.16 0.6510.50% 10.00% 6.00% 7.00% 0.41 0.656.50% 9.00% 7.00% 3.50% 0.45 0.657.00% 7.50% 6.50% 6.50% 0.33 0.557.00% 6.00% 5.00% 4.50% 0.2 0.5510.00% 9.00% 6.50% 5.50% 0.46 0.66.00% 6.50% 4.00% 5.00% 0.34 0.6510.50% 7.00% 6.50% 7.50% -0.01 0.5

HiLo risk Correlation0.1710 NA $119.50 NA NA 3853.44%0.2681 NA $12.10 NA NA 57.40%0.1872 NA $0.00 NA NA NA0.2237 NA $4.43 NA 0.00% 38.75%0.8889 NA $2.21 NA 0.00% 24.65%0.4340 NA $6.45 NA 0.00% 49.50%0.4523 NA $22.08 NA NA 220.66%0.6327 NA -$0.51 NA NA -257.14%0.8837 NA -$35.27 NA NA NA0.8830 NA -$0.12 NA NA NA0.4991 NA $1.70 NA 0.00% 9.30%0.1848 NA $13.20 NA NA 262.17%0.5589 NA $6.89 NA 0.00% 83.00%0.9608 NA -$0.10 NA NA NA0.2271 NA $0.00 NA 0.00% NA0.1771 NA $3.52 NA 0.00% 33.52%

NA NA -$3.40 NA NA NA0.6000 NA $1.90 NA NA NA

NA NA -$0.10 NA NA NA0.3576 NA $0.41 NA NA 104.85%0.1493 NA $17.70 NA 0.00% 3.69%

NA NA $5.50 NA NA 73.33%0.4527 NA $0.40 NA NA 38.46%

NA NA $0.00 NA NA NA0.1482 NA $0.00 NA NA NA0.9310 NA $23.14 NA 0.00% 118.10%0.9947 NA -$1.40 NA NA -200.22%

NA 443.97% $0.00 -0.38 NA NA0.8293 249.42% -$0.50 0.18 NA -23.71%0.9692 228.68% -$3.20 -0.34 NA NA0.8750 180.15% $0.00 -0.52 NA NA0.8000 167.41% -$0.35 0.27 NA -102.34%

NA 142.12% $14.50 0.38 NA 81.47%0.5758 138.86% $0.60 0.47 NA NA0.8857 129.39% -$0.30 0.48 NA NA0.7778 114.93% $0.00 -0.07 NA NA0.9209 94.31% $13.20 0.10 0.00% 131.96%

3-yr Standard Deviation

(Stock Price)

Reinvestment

Payout Ratio

Reinvestment Rate

0.8824 93.24% -$0.09 0.23 NA -3.32%0.6154 90.97% $0.30 0.22 NA 2.05%0.5073 88.17% $4.70 0.31 192.00% 498.27%

NA 87.21% -$0.23 0.32 NA -76.00%0.6146 80.76% $3.40 0.40 0.00% 116.36%0.8000 79.08% $14.01 -0.28 0.00% 197.94%0.9845 78.33% $48.95 0.77 NA 759.42%0.4118 61.84% $1.70 0.38 NA 9.01%0.4169 61.39% $8.50 0.61 0.00% 46.30%0.6026 60.37% -$5.47 0.65 0.00% -99.44%0.3478 60.36% -$41.94 0.39 0.00% -4.56%0.5067 53.95% -$3.59 0.03 0.00% -4.76%0.2222 53.39% $4.91 0.80 0.00% 24.98%0.2927 52.44% $33.16 0.56 0.00% 10.89%0.4731 52.36% -$1.87 0.59 0.00% -10.84%0.2963 52.33% $10.58 0.80 NA 52.64%0.4657 52.28% -$1.03 0.29 0.00% -24.91%0.3910 50.73% -$14.81 0.80 NA NA0.3973 48.86% -$0.28 -0.17 NA -704.40%0.5509 47.56% $4.21 0.80 NA 876.50%0.3881 47.48% $9.69 0.80 NA 538.30%0.2324 46.74% $150.90 0.80 0.00% 187.73%0.3917 45.91% $7.36 0.80 NA 9.33%0.3089 45.51% -$56.22 0.80 0.00% -26.55%0.3664 41.26% -$4.10 0.15 358.91% -32.65%0.3037 40.90% $0.64 0.33 0.00% NA0.4652 38.69% -$5.21 0.39 0.00% -24.16%0.5014 38.31% $13.74 0.72 29.87% 3.32%0.2453 38.19% $93.17 0.80 0.00% 30.26%0.3772 37.81% $8.83 0.48 0.00% 260.65%0.2057 36.60% $6.71 0.61 0.00% 42.12%0.2380 35.65% $0.54 0.77 NA 2.73%0.2167 34.79% $6.71 0.64 0.00% 42.12%0.1470 33.92% -$2.78 0.75 0.00% -83.01%0.3503 33.73% $7.50 0.80 9.32% 50.80%0.2442 33.36% $1.80 0.65 0.00% 3.55%0.1118 32.19% -$0.79 0.68 67.07% -1.42%0.1766 31.85% $34.87 0.73 0.00% 6.35%0.2148 31.41% $78.09 -0.10 28.01% 193.39%0.2450 30.58% -$0.75 0.55 20.83% -66.37%0.2469 30.57% $0.00 0.65 NA NA0.1990 28.94% $192.20 0.47 10.70% 21.92%0.2201 28.59% $3.09 0.70 85.92% 4.12%

0.2050 28.58% -$108.77 0.56 0.00% -27.82%0.1908 26.83% $84.12 0.80 19.47% 20.23%0.1925 26.74% $0.36 0.41 0.00% 15.33%0.2538 26.53% -$2.19 0.45 NA -249.45%0.3333 25.76% $37.35 0.40 0.00% 125.76%0.3723 25.44% $1.36 0.32 0.00% 1.42%0.2249 25.38% $1.20 0.80 0.00% 6.94%0.1645 25.32% $613.54 0.72 34.76% 43.67%0.1304 24.84% -$1.09 0.18 0.00% -16.00%0.1814 24.49% -$3.67 0.09 0.00% -2.67%0.2691 24.44% $351.25 0.57 28.35% 6.36%0.1660 23.85% $2.43 0.53 58.66% 21.93%0.1684 22.67% -$1.33 0.01 0.00% -44.24%0.1374 22.61% $964.40 0.80 19.48% 86.12%0.1237 22.54% $145.40 0.80 NA 10.10%0.1664 21.49% -$2.63 0.47 35.23% -4.53%0.1830 21.38% $27.87 0.75 43.86% 4.88%0.1364 21.37% $113.19 0.37 0.00% 55.95%0.1071 21.11% $30.47 0.80 35.05% 22.73%0.1364 20.80% -$6.12 0.22 74.49% -5.03%0.1210 20.67% $236.21 0.70 368.89% 319.20%0.1680 19.24% $12.40 0.71 22.12% 25.69%0.2490 17.83% $2.72 0.32 62.00% 71.58%0.1237 17.41% $1,009.39 0.80 NA 16.37%0.1040 17.11% -$16.00 0.69 17.22% -13.13%0.0963 16.80% $1.96 0.80 66.13% 87.53%0.1220 16.70% $0.00 0.30 NA NA0.1464 16.61% -$0.57 0.80 39.47% -1.45%0.1181 16.54% $111.10 0.68 41.89% 19.02%0.0996 16.01% $2,184.00 0.80 NA 19.04%0.1148 14.84% $151.70 0.12 51.86% 21.40%0.0966 14.78% $58.24 0.27 0.00% 64.12%0.0737 13.58% $1.64 0.75 35.90% 0.34%0.1366 13.01% $6.64 0.80 47.91% 0.75%0.1051 12.90% $233.51 0.64 53.56% 16.65%0.0869 11.71% $64.45 0.43 45.47% 7.56%0.1419 11.15% $28.71 0.80 46.26% 7.49%0.0776 10.73% $75.09 0.79 59.00% 5.72%0.0652 10.07% $152.26 -0.02 48.08% 8.07%

ROE ROC/ ROIC Net Margin5.19% 0.28% 10.22% 0.71% $1,110.10 $1,079.9013.42% 11.55% 9.33% 13.09% $182.60 $148.30

NA NA NA NA NA NA19.55% 18.66% 6.79% 13.66% $61.30 $49.1026.11% 20.58% 32.78% 31.39% $43.60 $45.2038.22% 46.02% 57.72% 58.72% $28.30 $45.006.63% 7.60% 5.98% 8.62% $131.70 $129.800.00% 0.63% 0.00% 0.23% $31.50 $24.80

-70.59% -5.40% -364.92% -42.34% $194.30 $128.20-16.00% NA NA NA $1.20 $5.0044.17% 493.83% 9.90% 17.04% $3.70 $28.3024.31% 11.87% 1.32% 2.80% $42.40 $14.4020.25% 21.73% 25.80% 26.43% $38.20 $40.00

NA NA -242.86% -14.29% -$0.60 -$1.10NA NA NA NA NA NA

7.88% 8.15% 1.45% 2.96% $128.70 $119.30NA NA -3300.00% -256.24% -$0.20 -$0.20

-81.75% -20.83% -30.27% -13.51% $24.00 $13.70NA NA -80.00% -13.69% -$0.40 -$0.30

1.99% 3.29% 2.84% 4.26% $11.90 $20.1018.08% 19.11% 5.49% 10.52% $2,508.10 $2,105.7017.46% 19.13% 5.00% 5.35% $39.20 $40.103.26% 1.41% 2.11% 4.56% $73.70 $36.80

NA NA NA NA -$0.10 -$0.20NA NA NA NA NA NA

18.09% 23.05% 28.89% 29.04% $85.00 $107.80-1.72% 1.19% -0.19% 0.23% $58.80 $34.80

NA NA NA NA NA NA23.53% 24.81% 42.55% 59.57% $8.50 $8.50-40.87% -6.91% -10.79% -2.30% $46.30 $36.70

NA NA NA NA NA NANA NA -307.69% 26.02% -$1.50 -$1.70

33.81% 34.49% 14.55% 20.94% $51.60 $48.50-7.14% -0.01% -10.00% -0.02% $2.10 $1.40

NA ### -7.38% -1535.08% $2.30 -$10.40NA NA NA NA -$1.60 -$2.20

17.97% 15.97% 16.76% 14.33% $62.60 $65.10

Pre-tax Operating

MarginInvested Capital

Book Value of Equity

-104.76% 99.95% -30.99% 39.42% $2.80 $2.1011.95% 13.13% 28.90% 37.76% $111.40 $125.503.65% 4.84% 0.54% 0.82% $19.50 $21.90

NA NA -135.09% 5.26% -$1.10 -$1.702.56% 1.12% 1.54% 2.49% $261.70 $175.5013.56% 17.56% 11.57% 19.71% $40.30 $47.20-18.20% 3.45% -9.36% 2.65% $187.00 $125.30-1.09% 4.65% -0.23% 2.06% $405.80 $229.7025.20% 40.52% 6.20% 9.19% $45.30 $73.401.77% 3.69% 0.61% 3.07% $149.10 $62.30

-89.42% 46.24% -6.59% 12.19% $1,987.40 $555.6012.97% 7.66% 6.11% 11.36% $983.40 $454.808.70% 11.16% 7.27% 12.54% $176.30 $196.60

NA 8.57% 1.08% 3.55% $3,552.30 -$98.704.88% 4.14% 5.72% 11.52% $416.50 $321.6017.40% 7.85% 4.88% 10.89% $256.10 $96.0010.53% 16.26% 5.77% 8.52% $25.40 $39.90-42.65% -21.73% -5.91% -3.90% $88.80 $68.700.00% 1.38% 0.00% 0.63% $2.90 $4.50-5.43% 2.01% -2.48% 1.35% $23.90 $40.50-1.73% 2.22% -0.52% 0.73% $81.10 $75.2012.75% 10.31% 4.41% 5.93% $780.00 $503.407.10% 5.94% 1.81% 2.51% $1,327.30 $800.104.82% 9.01% 0.53% 3.46% $2,350.00 $792.5018.67% 26.49% 3.49% 4.76% $47.40 $75.00-1.61% -7.10% -0.34% -0.93% $15.50 $24.808.51% 7.30% 2.44% 4.71% $295.20 $201.0073.65% 82.05% 11.94% 16.27% $505.00 $560.20-10.90% 6.83% -2.52% 3.53% $4,510.20 $2,757.406.73% 5.00% 1.73% 3.21% $67.70 $41.603.19% 2.75% 0.90% 1.97% $579.50 $354.703.21% 4.34% 0.89% 3.16% $458.70 $299.103.19% 2.75% 0.90% 1.97% $579.50 $354.707.03% 6.86% 1.59% 2.67% $48.80 $44.1010.82% 9.60% 10.85% 18.71% $153.80 $127.5029.21% 40.95% 8.73% 13.27% $123.50 $173.905.70% 5.17% 2.92% 5.17% $1,076.00 $838.6012.32% 10.93% 3.19% 5.93% $5,027.40 $3,387.30-25.07% 5.17% -6.43% 2.04% $780.60 $506.906.90% 9.82% 1.35% 2.44% $11.50 $14.50

NA NA NA NA NA NA13.26% 12.31% 2.32% 3.98% $7,123.00 $5,657.0022.38% 8.00% 9.69% 21.13% $939.00 $235.50

10.91% 8.26% 6.03% 11.52% $4,733.50 $2,619.2017.40% 11.39% 5.89% 9.37% $3,652.00 $2,104.0046.15% 51.39% 9.68% 14.92% $4.60 $5.201.65% 1.64% 3.89% 5.56% $53.40 $42.5011.27% 5.68% 2.72% 6.72% $522.80 $161.508.86% 7.24% 6.20% 10.36% $1,325.30 $964.6012.43% 10.78% 8.13% 13.22% $160.30 $131.108.33% 5.24% 1.68% 2.29% $26,822.00 $17,969.009.10% 20.68% 7.87% 9.62% $33.00 $79.109.34% 6.96% 4.89% 9.95% $1,975.10 $1,073.5011.50% 9.16% 7.47% 13.29% $60,285.00 $35,328.0011.59% 8.23% 2.12% 3.52% $134.50 $95.808.19% 7.55% 4.14% 7.29% $39.90 $35.407.69% 7.49% 1.53% 2.00% $14,953.00 $11,707.008.82% 44.92% 2.45% 30.62% $3,204.40 $1,560.3013.12% 19.71% 5.65% 7.96% $294.80 $479.30

NA 111.34% 13.83% 21.59% $512.50 -$179.1010.32% 10.94% 1.82% 5.37% $1,849.10 $865.1011.48% 9.84% 8.42% 13.41% $1,361.70 $1,049.2016.26% 11.29% 4.45% 6.82% $1,077.40 $759.00-9.36% 7.84% -0.54% 1.81% $944.00 $235.0011.22% 15.07% 6.52% 10.29% $320.20 $432.4020.86% 26.05% 11.27% 16.76% $14.60 $18.7029.75% 19.42% 9.15% 13.84% $31,760.00 $18,508.005.48% 6.55% 2.58% 3.60% $1,858.00 $1,689.409.02% 7.49% 1.62% 2.94% $29.90 $24.40

NA NA NA NA NA NA6.59% 6.78% 8.31% 10.39% $583.90 $665.9010.37% 8.34% 9.69% 16.34% $7,004.20 $5,163.4016.70% 15.08% 11.34% 16.41% $76,094.00 $60,773.0076.41% 34.69% 10.67% 17.88% $2,043.50 $849.007.84% 14.85% 3.26% 6.88% $611.60 $663.6017.83% 20.12% 6.01% 9.06% $2,370.60 $2,659.8017.32% 12.26% 5.80% 8.52% $7,273.20 $4,439.5069.94% 19.12% 9.33% 14.97% $7,332.00 $1,760.0087.19% 25.42% 10.16% 16.04% $3,353.00 $898.0023.12% 13.62% 10.12% 14.61% $2,816.70 $1,618.5039.37% 20.33% 9.32% 14.38% $6,454.90 $2,758.6026.59% 14.10% 10.25% 16.22% $13,380.10 $6,421.70

Net Income EBIT EBIT(1-t)$1,700.70 $160.40 NA $56.00 $4 $3.10$218.70 $101.00 NA $19.90 $28 $21.08

NA $0.00 NA $0.00 NA NA$72.40 $15.80 $1.73 $9.60 $19 $11.44$48.50 $6.90 $1.11 $11.80 $11 $8.97$59.20 $6.70 $0.25 $17.20 $18 $13.02$138.90 $72.10 $13.78 $8.60 $12 $10.01$41.90 $12.50 -$1.01 $0.00 $0 $0.20$233.80 $56.20 -$33.77 -$90.50 -$11 -$10.50

$5.10 $0.30 -$0.12 -$0.80 NA NA$44.50 -$1.80 $0.00 $12.50 $22 $18.27$78.90 $12.80 NA $3.50 $7 $5.03$47.10 $10.10 -$0.61 $8.10 $8 $8.30$0.40 -$0.80 NA -$1.70 $0 -$0.10

NA $0.00 NA $0.00 NA NA$208.50 $39.00 $2.62 $9.40 $19 $10.49

$0.60 -$0.30 -$3.30 -$3.30 $0 -$0.26$52.20 $1.80 NA -$11.20 -$5 -$5.00$0.10 -$0.50 $0.00 -$0.40 $0 -$0.07

$22.00 $7.30 $0.31 $0.40 $1 $0.39$3,599.10 $519.50 $1.00 $380.80 $729 $479.22

$44.30 -$3.80 NA $7.00 $8 $7.50$91.70 $46.60 NA $1.20 $3 $1.04

NA -$0.10 NA -$48.40 NA NANA $0.00 NA $0.00 NA NA

$131.20 $1.50 $0.34 $19.50 $20 $19.59$90.30 $18.10 $0.20 -$0.60 $1 $0.70

NA $0.00 NA $0.00 NA NA$12.30 -$1.10 NA $2.00 $3 $2.11$66.70 $22.40 NA -$15.00 -$3 -$3.20

NA $0.00 NA $0.00 NA NA$0.30 -$1.50 -$0.35 -$4.00 $0 $0.34

$74.70 $36.00 NA $16.40 $24 $17.80$2.80 -$0.50 $0.00 -$0.10 $0 $0.00

$11.90 -$0.30 $0.00 -$2.70 -$562 -$561.84NA -$1.60 NA -$0.50 $0 $0.00

$71.90 $7.90 $2.20 $11.70 $10 $10.00

BV of Assets

Non-cash WC

Chg in non-cash WC

$5.90 $0.50 $0.01 -$2.20 $3 $2.80$151.80 $43.60 NA $15.00 $20 $14.63$38.80 $17.10 $4.60 $0.80 $1 $0.94$2.30 -$2.60 -$0.23 -$7.70 $0 $0.30

$441.80 $39.10 -$1.80 $4.50 $7 $2.92$64.50 $15.10 $0.11 $6.40 $11 $7.08$223.50 $86.60 $31.25 -$22.80 $6 $6.45$827.30 $293.30 $0.00 -$2.50 $23 $18.86$105.70 $11.30 $1.70 $18.50 $27 $18.35$172.60 $50.60 $2.43 $1.10 $6 $5.50

$2,879.50 $720.90 $21.56 -$496.80 $919 $918.87$1,288.40 $128.80 -$1.79 $59.00 $110 $75.36$277.80 $62.10 -$2.59 $17.10 $30 $19.67

$5,754.40 $308.40 -$6.54 $140.90 $464 $304.58$521.60 $4.70 $1.13 $15.70 $32 $17.22$447.90 $73.30 -$4.92 $16.70 $37 $20.10$47.20 $13.30 -$0.33 $4.20 $6 $4.13$255.40 $51.00 -$0.21 -$29.30 -$19 -$19.30

$5.40 $2.80 -$0.28 $0.00 $0 $0.04$128.10 -$20.00 -$2.79 -$2.20 $1 $0.48$133.60 $20.50 $5.69 -$1.30 $2 $1.80$991.30 $184.50 $18.70 $64.20 $86 $80.38

$1,938.00 $292.90 -$7.24 $56.80 $79 $78.90$4,270.10 $646.40 -$34.52 $38.20 $250 $211.77$150.40 $18.60 $0.00 $14.00 $19 $12.56$57.00 $14.80 $0.54 -$0.40 -$1 -$1.10$371.70 $145.30 $4.29 $17.10 $33 $21.55

$1,446.20 -$37.10 -$4.76 $412.60 $562 $414.36$10,959.90 $773.90 -$398.13 -$300.60 $420 $307.89

$98.00 $25.30 $3.73 $2.80 $5 $3.39$738.00 $422.90 $2.01 $11.30 $25 $15.93$631.50 $238.30 $2.64 $9.60 $34 $19.91$738.00 $422.90 $2.01 $11.30 $25 $15.93$66.30 $25.70 -$0.28 $3.10 $5 $3.35$185.10 $24.00 $0.00 $13.80 $24 $14.76$244.50 -$4.00 -$0.30 $50.80 $77 $50.57

$1,466.80 $216.30 -$3.19 $47.80 $85 $55.67$7,422.20 $1,901.90 -$13.03 $417.30 $776 $549.35$948.50 $324.30 $66.79 -$127.10 $40 $40.38$24.40 $0.70 -$0.05 $1.00 $2 $1.13

NA $0.00 NA $0.00 NA NA$11,071.00 $1,760.00 $55.20 $750.00 $1,285 $877.01$1,132.90 $71.40 $8.69 $52.70 $115 $75.08

$6,333.20 $264.60 -$23.37 $285.80 $546 $390.94$5,317.00 $923.00 $32.12 $366.00 $583 $415.79

$9.20 $3.10 $0.26 $2.40 $4 $2.36$57.00 $4.20 $0.21 $0.70 $1 $0.88$690.50 $242.10 $40.05 $18.20 $45 $29.70

$1,673.60 $216.40 $11.46 $85.50 $143 $95.97$185.90 $42.90 $0.00 $16.30 $27 $17.28

$41,553.00 $14,646.00 -$15.46 $1,496.00 $2,042 $1,404.92$96.40 $19.30 -$1.39 $7.20 $9 $6.83

$2,404.50 $295.70 $10.83 $100.30 $204 $137.38$93,837.00 -$381.00 $65.25 $4,062.00 $7,224 $5,523.18

$185.30 $29.20 $1.93 $11.10 $18 $11.07$51.50 $8.60 $1.17 $2.90 $5 $3.01

$23,275.00 $6,079.00 $365.40 $900.00 $1,175 $1,119.88$6,322.00 $665.50 NA $137.60 $1,720 $1,439.33$726.30 $52.30 $1.37 $62.90 $89 $58.11

$2,766.80 -$150.70 -$6.33 $508.50 $794 $570.62$2,940.50 $96.20 $0.69 $89.30 $263 $202.28$1,654.20 $499.70 $4.37 $120.50 $192 $134.05$1,554.00 $145.20 $9.28 $123.40 $189 $121.59$2,450.00 -$61.00 $0.21 -$22.00 $74 $74.00$550.80 $71.30 $8.30 $48.50 $77 $48.26$24.20 $6.40 $0.22 $3.90 $6 $3.80

$61,523.30 -$1,660.20 -$34.21 $5,505.90 $8,330 $6,166.45$2,504.00 $477.50 -$21.90 $92.50 $129 $121.78

$48.80 $5.80 $0.06 $2.20 $4 $2.24NA $0.00 NA $0.00 NA NA

$857.90 $64.30 $2.23 $43.90 $55 $39.60$9,115.20 $846.90 $45.30 $535.60 $903 $584.15

$111,346.00 $6,639.00 NA $10,151.00 $14,683 $11,471.39$4,412.20 $318.80 $19.90 $648.70 $1,087 $708.79$964.50 -$46.60 $0.54 $52.00 $110 $90.84

$4,244.40 $680.80 $28.94 $474.20 $716 $476.97$11,441.90 $968.70 $41.74 $769.00 $1,130 $891.48$11,901.00 $249.00 $8.51 $1,231.00 $1,976 $1,402.13$6,530.00 $152.00 $3.45 $783.00 $1,236 $852.30$4,087.80 $398.10 $30.31 $374.20 $540 $383.51

$11,983.30 $150.50 -$0.81 $1,086.00 $1,676 $1,312.54$21,096.80 $644.70 $17.86 $1,707.30 $2,702 $1,886.57

EBITDA FCFF$38 -$116.40 20.48% 21.79% 29.26% 24.18%$30 $8.98 24.44% 28.67% 47.37% 18.89%NA NA 0.00% NA NA NA$20 $7.01 40.72% 40.74% 11.18% 0.10%$13 $6.76 20.59% 20.27% 19.17% 100.00%$19 $6.58 25.58% 26.50% 22.48% 92.35%$15 -$12.07 19.31% 18.87% 50.10% 2.28%$2 $0.71 0.00% NA 14.29% 3.95%$0 $24.77 0.00% NA 226.61% 5.65%NA NA 0.00% NA NA 12.03%$22 $16.57 15.02% 14.97% -1.43% 9.91%$15 -$8.17 31.96% 48.53% 4.84% 0.99%$11 $1.41 0.00% 0.00% 32.17% 45.45%$0 $0.00 0.00% NA -114.29% 0.00%NA NA 0.00% NA NA 0.00%$27 $6.98 45.35% 45.03% 6.00% 1.28%$0 $3.14 0.00% NA -300.00% 2.11%$0 -$6.90 0.00% NA 4.86% 16.30%$0 $0.03 0.00% NA -100.00% 12.50%$1 -$0.02 34.73% 33.33% 51.77% 14.21%

$831 $461.53 34.26% 34.27% 7.50% 1.36%$8 $2.00 0.00% 0.00% -2.71% 39.13%$4 $0.64 60.00% 58.62% 81.75% 0.69%NA NA 0.00% NA NA 0.00%NA NA 0.00% NA NA NA$22 -$3.55 0.05% 0.00% 2.22% 241.26%$6 $2.10 0.00% NA 5.84% 3.57%NA NA 0.00% NA NA NA$4 $2.61 24.68% 25.93% -23.40% 3.57%$0 $0.00 0.00% NA 16.12% 63.30%NA NA 0.00% NA NA NA$0 $0.68 0.00% NA -115.38% 0.00%

$24 $3.30 24.59% 30.21% 31.94% 65.77%$0 -$0.60 0.00% NA -50.00% 1.79%

-$561 -$561.53 0.00% NA -0.82% 5.99%$0 $0.00 0.00% NA NA 0.00%

$13 -$3.20 0.00% 0.00% 11.32% 91.23%

Eff Tax Rate

Eff Tax Rate (+ve income)

Non-cash WC as % of Revenues

Cash as % of Firm Value

$3 $2.89 0.00% NA 7.04% 18.18%$21 $14.33 25.37% 25.37% 84.01% 32.12%$2 -$3.76 21.38% 27.27% 11.65% 8.99%$0 $0.53 0.00% NA -45.61% 0.00%

$14 -$0.48 60.00% 69.18% 13.35% 6.70%$12 -$6.93 35.07% 34.69% 27.31% 135.71%$10 -$42.50 0.00% NA 35.55% 13.98%$33 $17.16 16.56% 100.00% 26.75% 10.76%$35 $9.86 33.02% 33.21% 3.79% 9.31%$14 $10.97 0.00% 0.00% 28.27% 4.64%

$1,118 $960.81 0.00% NA 9.57% 1.26%$139 $78.95 31.30% 31.32% 13.33% 0.37%$46 $14.76 33.33% 33.46% 26.40% 34.13%

$750 $271.42 34.34% 34.34% 2.36% 1.70%$39 $19.09 45.50% 45.30% 1.71% 0.94%$49 $9.52 46.13% 45.25% 21.40% 13.44%$9 $5.16 33.39% 32.26% 18.27% 41.55%

$13 -$4.49 0.00% NA 10.29% 9.30%$0 $0.32 60.00% 100.00% 17.61% 26.23%$5 -$3.73 60.00% 100.00% -22.52% 56.39%

$11 -$7.89 0.00% NA 8.27% 10.85%$106 -$70.52 6.97% 6.96% 12.67% 15.32%$140 $71.54 0.00% NA 9.33% 4.79%$354 $267.99 15.29% 10.33% 8.95% 4.58%$31 $16.66 34.26% 33.96% 4.63% 23.33%$1 -$1.74 0.00% NA 12.51% 14.86%

$50 $26.76 34.70% 34.73% 20.74% 0.85%$634 $400.62 26.30% 26.30% -1.07% 7.95%$985 $214.72 26.69% 100.00% 6.50% 11.44%$10 -$5.44 34.87% 34.88% 15.60% 0.48%$48 $9.22 35.76% 35.43% 33.52% 1.70%$54 $19.37 41.79% 50.26% 22.02% 0.45%$48 $9.22 35.76% 35.43% 33.52% 1.71%$9 $6.12 35.65% 35.42% 13.22% 2.57%

$32 $7.26 37.97% 38.12% 18.87% 4.33%$86 $48.77 34.50% 34.45% -0.69% 11.13%

$140 $56.46 34.20% 34.88% 13.23% 1.10%$1,019 $514.48 29.24% 29.24% 14.52% 6.42%

$92 -$37.71 0.00% NA 16.39% 0.81%$3 $1.88 37.28% 41.18% 0.95% 35.47%NA NA 0.00% NA NA NA

$1,791 $684.81 31.75% 30.17% 5.45% 7.79%$131 $71.99 34.66% 34.62% 13.13% 0.80%

$773 $499.72 28.43% 28.42% 5.58% 0.82%$794 $331.67 28.68% 30.02% 14.84% 5.82%

$4 $2.00 36.11% 35.14% 12.50% 7.89%$4 $3.07 12.21% 12.50% 23.33% 1.30%

$55 -$7.65 33.86% 34.06% 36.21% 0.39%$173 $94.61 32.79% 31.87% 15.70% 1.07%$35 $16.08 34.79% 34.80% 21.41% 2.50%

$2,890 $791.38 31.20% 32.06% 16.45% 5.16%$10 $7.92 22.44% 27.27% 21.09% 71.41%

$287 $141.05 32.62% 32.64% 14.42% 0.12%$8,709 $5,171.93 23.54% 23.92% -0.70% 2.74%

$23 $8.64 39.82% 39.01% 5.59% 0.70%$9 $4.35 40.93% 39.58% 12.29% 2.17%

$1,701 $155.48 4.69% 0.00% 10.35% 5.68%$1,929 $1,293.93 16.32% 20.87% 11.85% 11.70%$119 $60.74 34.41% 34.68% 4.70% 23.14%$869 $542.75 28.11% 29.56% -4.10% 5.66%$385 $89.10 23.06% 27.28% 1.97% 0.00%$238 $103.58 30.15% 30.14% 34.92% 1.07%$284 $127.70 35.70% 35.73% 5.24% 0.22%$340 -$162.21 0.00% NA -1.49% 5.42%$102 $35.87 36.99% 36.93% 9.58% 9.63%

$7 $1.08 34.44% 33.90% 18.50% 6.43%$9,663 $5,157.06 25.97% 31.91% -2.76% 3.56%$203 $137.77 5.67% 7.96% 13.30% 2.72%

$7 $0.28 44.03% 43.59% 4.26% 3.97%NA NA 0.00% NA NA NA$74 $40.17 27.87% 27.91% 12.17% 5.91%

$1,112 $473.05 35.32% 35.32% 15.33% 2.02%$17,815 $9,287.39 21.87% 21.87% 7.42% 3.69%$1,303 $557.09 34.80% 34.80% 5.24% 3.86%$165 $32.59 17.27% 17.20% -2.92% 4.60%$840 $475.33 33.34% 34.03% 8.62% 6.47%

$1,502 $884.84 21.14% 16.99% 7.30% 0.69%$2,345 $1,168.62 29.04% 28.93% 1.89% 1.77%$1,498 $787.84 31.04% 30.15% 1.97% 2.44%$639 $354.80 29.02% 23.85% 10.77% 0.56%

$2,018 $1,237.45 21.66% 22.85% 1.29% 5.64%$3,244 $1,734.32 30.19% 27.36% 3.87% 1.40%

60.30% 19.43% $153.50 $34.00 $124.50 NA8.16% 7.96% $14.50 $2.40 $17.10 NA

NA NA $0.00 $0.00 $0.00 NA0.42% 0.83% $3.50 $0.80 $36.20 $156.807.22% 5.36% $2.50 $1.40 $1.70 $41.8056.71% 28.55% $7.40 $1.20 $1.70 $30.900.42% 0.43% $11.00 $2.70 $16.60 $171.401.14% 2.39% $2.40 $1.90 $17.90 $80.4018.15% 1.92% $9.00 $10.50 $45.50 $9.90

NA 74.51% $0.00 $0.00 $0.80 $7.2019.49% 55.28% $2.20 $0.50 $86.20 $126.200.15% 0.51% $20.40 $7.20 $70.00 NA20.70% 13.80% $9.70 $2.20 $3.20 $29.500.00% 0.00% $0.00 $0.10 $1.80 NA

NA NA $0.00 $0.00 $0.00 $958.900.26% 0.82% $8.40 $7.50 $56.10 $693.10

200.00% 33.33% $0.00 $0.10 $3.30 $1.2011.89% 8.43% $6.90 $5.00 $17.40 NA20.00% 100.00% $0.00 $0.10 $1.90 $0.5058.16% 37.27% $0.40 $0.30 $3.00 $14.702.08% 4.00% $118.60 $101.90 $0.00 $6,943.700.64% 2.03% $5.70 $0.20 $6.50 NA1.93% 1.20% $1.80 $1.40 $11.20 NA

NA NA $0.00 $0.00 $0.10 NANA NA $0.00 $0.00 $0.00 NA

51.11% 26.30% $25.30 $2.50 $4.60 $82.600.45% 1.55% $3.60 $5.20 $15.90 $313.50

NA NA $0.00 $0.00 $0.00 NA10.64% 4.07% $0.30 $0.80 $0.50 NA12.16% 25.34% $0.00 $3.20 $2.60 NA

NA NA $0.00 $0.00 $0.00 NA0.00% 0.00% $0.00 $0.00 $3.40 $1.606.48% 9.77% $14.70 $0.20 $1.80 NA10.00% 3.57% $0.60 $0.00 $0.50 $1.002.73% 8.40% $0.20 $0.50 $8.10 $37.10

NA NA $0.00 $0.00 $0.40 NA7.45% 7.23% $13.90 $2.90 $18.00 $89.20

Cash as % of

Revenues

Cash as % of Total Assets

Capital Expenditur

esDepreciatio

nSG&A

ExpensesTrailing Revenues

5.63% 6.78% $0.00 $0.10 $5.40 $7.2027.17% 9.29% $1.60 $1.30 $5.30 NA2.86% 10.82% $0.50 $0.40 $7.30 $186.300.00% 0.00% $0.00 $0.00 $7.20 $6.205.29% 3.51% $12.10 $6.90 $105.00 $279.4030.92% 26.51% $14.60 $0.70 $15.80 $55.705.09% 5.55% $21.10 $3.40 $24.50 $331.502.38% 3.15% $11.70 $10.00 $220.80 $1,096.6011.33% 31.98% $14.30 $7.50 $197.10 $343.002.74% 2.84% $0.20 $8.10 $11.80 $187.600.55% 1.45% $136.00 $199.50 $206.00 $7,761.100.32% 0.24% $27.70 $29.50 $141.40 $952.5021.85% 18.50% $23.90 $16.40 $25.20 $225.400.88% 2.00% $325.50 $285.80 $2,553.70 $12,778.802.92% 1.53% $4.80 $7.80 $91.60 $340.4018.92% 14.47% $27.30 $11.80 $103.60 $319.5019.92% 30.72% $2.30 $3.00 $9.30 $71.005.03% 9.75% $17.50 $32.10 $187.50 $493.4010.06% 29.63% $0.00 $0.00 $4.40 $14.3022.86% 15.85% $10.60 $3.60 $29.50 $101.203.31% 6.14% $12.80 $8.80 $21.20 $316.709.33% 13.70% $151.50 $19.30 $64.90 $1,603.801.44% 2.34% $75.50 $60.90 $307.70 $3,061.701.69% 2.86% $82.20 $103.90 $535.10 $6,838.0014.35% 38.30% $8.00 $12.10 $171.70 $401.307.86% 16.32% $1.90 $1.80 $38.60 $122.600.36% 0.67% $7.50 $17.00 $74.10 $721.307.49% 17.90% $90.40 $71.90 $2,212.20 $3,897.506.86% 7.46% $1,056.30 $565.00 $881.20 $5,784.700.43% 0.71% $9.70 $4.60 $24.90 $186.100.74% 1.27% $27.40 $22.70 $68.00 $1,267.800.22% 0.38% $17.30 $19.40 $92.10 $1,094.100.74% 1.27% $27.40 $22.70 $68.00 $1,267.801.03% 3.02% $0.90 $3.40 $11.90 $192.3010.69% 7.35% $15.90 $8.40 $8.50 $127.208.66% 20.61% $10.60 $8.50 $403.00 $626.101.27% 1.42% $57.70 $55.30 $481.90 $1,610.902.48% 4.37% $290.70 $242.80 $816.90 $13,004.600.56% 1.17% $63.00 $51.70 $72.20 $2,385.509.74% 29.51% $0.40 $1.10 $57.00 $68.70

NA NA $0.00 $0.00 $0.00 $28.002.22% 6.47% $643.00 $506.00 $914.00 $33,278.003.07% 1.47% $10.60 $16.20 $56.20 $610.10

1.23% 0.92% $141.10 $226.50 $618.40 $4,322.206.45% 7.54% $263.00 $211.00 $543.00 $6,435.409.68% 26.09% $0.30 $0.20 $2.50 $26.902.78% 0.88% $0.10 $2.50 $1.80 $18.900.49% 0.48% $7.00 $9.70 $107.10 $779.202.17% 1.79% $20.40 $30.50 $237.60 $1,451.202.40% 2.58% $10.00 $8.80 $71.40 $200.401.65% 3.53% $1,477.00 $848.00 $1,626.00 $88,944.0052.13% 49.48% $1.60 $1.30 $17.70 $84.900.16% 0.14% $68.50 $83.00 $244.90 $2,125.103.63% 2.10% $1,771.00 $1,485.00 $10,993.00 $45,054.000.54% 1.51% $4.80 $4.30 $24.50 $557.004.43% 6.02% $1.40 $3.90 $17.50 $79.501.42% 3.59% $1,125.00 $526.00 $1,553.00 $62,274.0017.22% 15.30% $354.10 $208.70 $85.40 NA23.43% 35.91% $26.80 $30.80 $113.10 $1,142.2022.85% 30.37% $109.50 $75.30 $1,521.00 $3,831.500.00% 0.00% $234.80 $122.30 $504.20 $4,928.501.60% 1.38% $72.20 $46.10 $257.70 $1,443.300.28% 0.50% $79.20 $94.60 $1,016.50 $2,950.705.74% 9.59% $502.00 $266.00 $1,059.00 $4,080.0015.19% 20.52% $29.10 $25.00 $153.20 $830.7011.85% 16.94% $3.30 $0.80 $4.70 $35.807.50% 7.33% $2,376.10 $1,332.50 $15,673.50 $61,409.901.31% 1.87% $79.40 $73.50 $190.40 $3,425.101.40% 3.89% $5.20 $3.30 $61.60 $137.60

NA NA $0.00 $0.00 $0.00 NA16.94% 10.43% $16.40 $19.20 $108.30 $546.704.16% 2.52% $274.20 $208.40 $892.70 $5,821.409.55% 7.68% $5,316.00 $3,132.00 $39,862.00 NA11.41% 15.72% $347.60 $215.80 $1,489.80 $6,460.403.71% 6.14% $112.60 $54.90 $201.20 $1,576.906.83% 12.70% $96.90 $124.20 $618.60 $8,230.700.78% 0.90% $336.70 $371.80 $1,997.70 $13,834.103.49% 3.87% $594.00 $369.00 $3,472.00 $13,649.004.35% 5.13% $323.00 $262.00 $1,756.00 $7,882.001.46% 1.32% $96.70 $98.30 $982.20 $3,979.1011.42% 11.10% $418.70 $342.80 $2,324.10 $11,586.102.83% 2.23% $675.90 $541.50 $3,380.70 $17,119.30

Dividends Market D/ENA $0.00 2.15% 44.67% 35.84% 26.38%NA $0.00 2.47% 38.59% 127.97% 56.13%NA $0.00 NA NA NA NA

$10.00 $0.00 44.20% 5.94% 2.25% 2.20%$12.40 $0.00 60.00% 16.29% 62.50% 38.46%$11.30 $0.00 0.00% 40.20% 1.10% 1.09%-$4.90 $0.00 18.57% 24.55% 10.50% 9.51%-$0.20 $0.00 0.00% 33.41% 43.75% 30.43%-$87.00 $0.00 11.98% 48.03% 775.82% 88.58%-$0.20 $0.00 0.00% 0.00% 0.00% 0.00%$12.50 $0.00 4.27% 4.49% 0.00% 0.00%

NA $0.00 1.27% 52.85% 238.66% 70.47%$0.80 $0.00 3.18% 44.37% 48.96% 32.87%

NA $0.00 50.00% 0.00% 38.46% 27.78%$51.00 $0.00 NA NA 0.00% 0.00%$18.50 $0.00 20.14% 33.38% 9.09% 8.33%-$13.00 $0.00 0.00% 0.00% 2.15% 2.11%

NA $0.00 17.62% 53.64% 119.51% 54.44%-$0.40 $0.00 0.00% 0.00% 0.00% 0.00%

NA $0.00 2.73% 10.91% 0.00% 0.00%$378.70 $0.00 29.70% 30.71% 5.45% 5.17%

NA $0.00 21.44% 14.00% 0.00% 0.00%NA $0.00 12.87% 18.21% 31.15% 23.75%NA $0.00 NA NA NA NANA $0.00 NA NA NA NA

$23.40 $0.00 1.30% 26.37% 450.00% 81.82%-$9.80 $0.00 0.00% 36.77% 184.06% 64.80%

NA $0.00 NA NA NA NANA $0.00 0.81% 90.24% 3.70% 3.57%NA $0.00 6.45% 29.54% 13250.00% 99.25%NA $0.00 NA NA NA NA

-$4.40 $0.00 0.00% 0.00% 8.33% 7.69%NA $0.00 7.63% 19.41% 1485.71% 93.69%

-$0.10 $0.00 0.00% 60.71% 16.67% 14.29%-$4.60 $0.00 10.08% 11.76% 456.67% 82.04%

NA $0.00 NA NA 150.00% 60.00%$4.60 $0.00 14.46% 63.42% 90.00% 47.37%

Trailing Net Income

Intangible Assets/Total Assets

Fixed Assets/Total Assets

Market Debt to Capital

-$2.20 $0.00 0.00% 1.69% 100.00% 50.00%NA $0.00 42.29% 4.08% 0.00% 0.00%

$0.80 $1.54 2.06% 4.38% 4.01% 3.85%-$7.40 $0.00 34.78% 0.00% 7.59% 7.06%$13.60 $0.00 4.14% 32.50% 78.35% 43.93%$7.40 $0.00 2.02% 37.05% 425.00% 80.95%

-$36.00 $0.00 12.57% 29.53% 507.53% 83.54%-$2.50 $0.00 24.24% 8.57% 500.50% 83.35%$15.20 $0.00 0.95% 36.80% 1.59% 1.57%$0.40 $0.00 1.91% 47.16% 659.71% 86.84%

$66.10 $0.00 1.53% 43.13% 80.25% 44.52%$1.50 $0.00 67.85% 9.89% 175.48% 63.70%$5.10 $0.00 4.61% 44.56% 26.03% 20.65%

$235.10 $0.00 0.00% 36.74% 126.17% 55.79%$12.20 $0.00 86.35% 2.65% 13.83% 12.15%-$36.40 $0.00 7.95% 30.12% 87.41% 46.64%$3.40 $0.00 0.00% 22.46% 0.00% 0.00%

-$18.80 $0.00 2.98% 42.33% 20.22% 16.82%-$0.40 $0.00 0.00% 0.00% 0.00% 0.00%-$3.80 $0.00 9.06% 23.26% 11.46% 10.28%-$7.80 $0.90 0.00% 47.38% 22.93% 18.65%$43.90 $0.00 12.60% 48.00% 87.00% 46.53%-$88.30 $0.00 37.74% 19.08% 153.61% 60.57%$71.90 $0.00 26.91% 21.33% 169.83% 62.94%$5.50 $19.74 0.00% 19.81% 13.83% 12.15%$0.60 $0.00 0.00% 13.86% 0.00% 0.00%

$22.20 $0.00 2.93% 39.47% 48.59% 32.70%$465.20 $138.96 28.85% 13.39% 6.67% 6.25%$225.80 $0.00 22.25% 35.49% 56.12% 35.95%

$5.70 $0.00 13.88% 33.88% 22.46% 18.34%$39.00 $0.00 0.00% 26.12% 73.37% 42.32%

NA $0.00 15.52% 19.11% 44.20% 30.65%$39.10 $0.00 0.00% 26.12% 73.90% 42.50%$1.40 $0.00 18.40% 16.44% 9.42% 8.61%

$12.70 $1.18 0.00% 66.34% 14.56% 12.71%$61.20 $0.00 24.70% 24.25% 0.00% 0.00%$64.70 $43.39 0.00% 21.34% 15.86% 13.69%$336.20 $0.00 15.49% 30.68% 63.60% 38.88%$53.90 $15.10 0.00% 53.29% 26.20% 20.76%$1.20 $0.25 6.56% 30.33% 26.09% 20.69%-$2.00 $0.00 NA NA NA NA

$691.50 $74.00 18.44% 34.53% 31.12% 23.74%$64.40 $55.33 79.20% 5.46% 53.17% 34.72%

$195.30 $0.00 64.84% 18.87% 44.17% 30.64%$405.50 $78.94 17.10% 40.55% 39.44% 28.28%

$2.70 $0.00 4.35% 9.78% 6.29% 5.92%NA $0.00 0.88% 87.72% 42.22% 29.69%

$15.50 $0.00 33.29% 14.11% 77.26% 43.59%$90.80 $0.00 60.52% 8.87% 16.27% 13.99%$15.80 $0.00 18.61% 40.61% 21.49% 17.69%

$1,327.00 $461.30 1.45% 23.61% 56.97% 36.29%$4.40 $0.00 1.66% 13.90% 2.45% 2.40%

$102.80 $0.00 62.65% 16.91% 48.99% 32.88%$3,243.00 $919.31 0.00% 14.72% 59.76% 37.41%

$16.40 $9.62 9.88% 25.42% 11.65% 10.44%$4.20 $0.00 37.48% 29.51% 5.63% 5.33%

$837.20 $163.07 4.78% 23.70% 38.43% 27.76%NA $0.00 9.35% 38.71% 46.14% 31.57%

$69.20 $24.38 4.14% 30.65% 7.26% 6.77%$561.20 $246.12 7.56% 20.82% 11.50% 10.31%$85.50 $0.00 28.79% 36.29% 59.82% 37.43%$125.30 $43.91 27.63% 27.29% 18.64% 15.71%$120.50 $89.76 23.23% 44.11% 10.17% 9.23%$17.00 $62.71 19.59% 34.57% 27.82% 21.76%$54.10 $11.97 22.17% 22.64% 0.07% 0.07%$4.40 $2.73 4.55% 35.12% 0.00% 0.00%

NA $3,553.70 46.12% 18.47% 16.31% 14.02%$134.30 $23.12 16.07% 40.85% 14.31% 12.52%

$2.30 $1.52 0.00% 54.30% 18.32% 15.48%NA $0.00 NA NA NA NA

$49.50 $19.54 28.94% 24.73% 0.50% 0.50%$547.70 $229.42 68.47% 12.02% 22.32% 18.25%

NA $6,692.92 34.14% 19.93% 11.48% 10.30%$730.50 $378.84 14.25% 35.35% 11.74% 10.51%$59.60 $0.00 28.90% 44.16% 0.56% 0.56%$500.10 $179.52 0.00% 21.37% 3.09% 3.00%$850.80 $407.60 45.51% 23.96% 24.62% 19.76%

$1,174.00 $628.85 42.66% 27.57% 30.23% 23.21%$796.00 $361.92 38.42% 32.57% 25.56% 20.36%$391.00 $180.88 50.01% 12.80% 14.97% 13.02%

$1,118.30 $659.82 39.09% 20.73% 27.09% 21.32%$1,780.40 $856.02 61.09% 17.31% 28.35% 22.09%

25.04% 0.00% NA 51.86% 12/31/2011 21.79%25.85% 0.00% NA 5.79% 12/31/2011 28.67%

NA NA NA NA 12/31/2011 0.00%20.68% 0.00% NA 69.52% 3/31/2012 40.74%2.16% 0.00% NA NA 12/31/2010 20.27%0.44% 0.00% NA NA 6/30/2012 26.50%1.89% 0.00% NA 11.12% 12/31/2011 18.87%23.69% 0.00% NA 0.09% 6/28/2008 0.00%35.51% 0.00% NA 10.48% 12/31/2011 0.00%0.00% 0.00% NA NA 6/30/2011 0.00%0.00% 0.00% NA 1.92% 6/30/2012 14.97%66.36% 0.00% NA 34.10% 9/30/2011 48.53%10.51% 0.00% NA 0.70% 12/31/2011 0.00%

NA 0.00% NA NA 6/30/2012 0.00%NA 0.00% NA 85.01% 12/31/2011 0.00%

8.51% 0.00% NA 0.57% 6/30/2012 45.03%NA 0.00% NA NA 12/31/2010 0.00%

51.76% 0.00% NA 0.03% 12/31/2011 0.00%NA 0.00% NA 0.07% 12/31/2011 0.00%

0.00% 0.00% NA 30.38% 6/30/2012 33.33%20.61% 0.00% NA 0.20% 3/31/2012 34.27%0.00% 0.00% NA NA 12/31/2010 0.00%50.80% 0.00% NA NA 6/30/2011 58.62%

NA NA NA NA 12/31/2011 0.00%NA NA NA NA 12/31/2011 0.00%

9.79% 0.00% NA NA 12/31/2010 0.00%42.19% 0.00% NA NA 4/2/2011 0.00%

NA NA NA NA 12/31/2011 0.00%5.56% 0.00% NA NA 12/31/2011 25.93%41.93% 0.00% NA NA 12/31/2011 0.00%

NA NA NA 0.74% 12/31/2011 0.00%NA 0.00% NA NA 12/31/2011 0.00%

17.66% 0.00% NA NA 12/31/2008 30.21%36.36% 0.00% NA NA 12/31/2011 0.00%

NA 0.00% NA NA 6/30/2012 0.00%NA 0.00% NA NA 12/31/2008 0.00%

3.98% 0.00% NA NA 9/30/2010 0.00%

Book Debt to Capital

Dividend Yield

Insider Holdings

Institutional Holdings

Fiscal Year End Date

Tax Rate computation

34.38% 0.00% NA NA 3/31/2011 0.00%0.00% 0.00% NA 0.29% 12/31/2011 25.37%7.59% 3.42% NA 3.10% 10/31/2011 27.27%

NA 0.00% NA 0.02% 12/31/2011 0.00%36.69% 0.00% NA 9.79% 12/31/2011 69.18%17.77% 0.00% NA NA 12/31/2010 34.69%37.16% 0.00% NA 0.15% 12/31/2010 0.00%46.82% 0.00% NA 8.24% 6/30/2012 119.23%7.21% 0.00% NA 66.67% 12/31/2011 33.21%59.55% 0.00% NA 18.53% 6/30/2012 0.00%72.62% 0.00% NA 11.43% 12/25/2011 0.00%53.90% 0.00% 7.60% 63.38% 7/31/2011 31.32%13.66% 0.00% NA 75.16% 12/31/2011 33.46%

NA 0.00% 5.90% 87.21% 12/31/2011 34.34%24.24% 0.00% 8.30% 90.37% 12/31/2011 45.30%70.08% 0.00% 62.80% 42.77% 3/31/2012 45.25%0.00% 0.00% NA 10.83% 6/30/2012 32.26%39.58% 0.00% NA 28.06% 6/30/2012 0.00%0.00% 0.00% NA 5.84% 12/31/2011 100.00%8.37% 0.00% NA 7.43% 9/30/2011 195.65%15.79% 1.46% NA 14.92% 6/30/2011 0.00%45.03% 0.00% 4.59% 15.71% 12/31/2011 6.96%41.71% 0.00% 3.90% 74.25% 12/31/2011 0.00%67.94% 0.00% 1.30% 45.29% 12/31/2011 10.33%28.57% 9.10% 3.40% 77.45% 12/31/2011 33.96%0.00% 0.00% NA 4.65% 10/28/2011 0.00%32.48% 0.00% NA 77.49% 6/28/2012 34.73%26.66% 4.55% 4.70% 89.43% 12/31/2011 26.30%48.25% 0.00% NA 30.44% 3/31/2012 210.60%39.18% 0.00% NA 40.60% 12/31/2011 34.88%39.77% 0.00% NA 17.48% 3/31/2012 35.43%35.13% 0.00% NA 66.76% 12/31/2011 50.26%39.77% 0.00% NA 67.37% 3/31/2012 35.43%13.19% 0.00% NA 57.53% 9/30/2012 35.42%23.84% 0.43% NA 26.10% 9/30/2012 38.12%0.00% 0.00% NA 54.12% 12/31/2011 34.45%23.54% 2.66% 29.50% 38.26% 12/31/2011 34.88%36.71% 0.00% 2.50% 79.21% 4/29/2012 29.24%35.97% 1.39% 7.00% 84.09% 10/31/2011 0.00%22.46% 1.55% NA 9.16% 12/31/2011 41.18%

NA NA NA 4.09% 12/31/2011 0.00%27.84% 1.06% 2.29% 85.09% 10/1/2011 30.17%75.36% 4.09% 2.50% 55.24% 12/31/2011 34.62%

45.34% 0.00% NA 92.11% 9/30/2011 28.42%48.09% 1.60% 1.30% 84.18% 12/31/2011 30.02%25.71% 0.00% NA 0.23% 12/31/2011 35.14%21.15% 0.00% NA NA 12/31/2011 12.50%69.30% 0.00% NA NA 12/31/2011 34.06%28.82% 0.00% 6.70% 93.19% 6/30/2012 31.87%20.59% 0.00% NA 73.92% 9/30/2012 34.80%36.48% 2.55% 2.70% 71.48% 6/30/2012 32.06%1.98% 0.00% NA 4.80% 12/31/2010 27.27%45.74% 0.00% 8.19% 96.34% 12/31/2011 32.64%43.26% 2.04% 1.00% 68.53% 12/31/2011 23.92%30.23% 2.70% 15.10% 53.27% 10/31/2011 39.01%17.67% 0.00% NA 17.18% 12/31/2011 39.58%25.85% 1.54% NA 60.75% 12/31/2011 -0.45%62.60% 0.00% NA 0.05% 3/31/2009 20.87%13.73% 2.32% 31.50% 58.18% 5/28/2012 34.68%

NA 1.85% 0.50% 92.56% 12/31/2011 29.56%53.22% 0.00% NA 0.39% 12/31/2011 27.28%24.22% 2.44% 1.90% 87.98% 12/31/2011 30.14%30.06% 2.80% 17.20% 61.28% 12/31/2011 35.73%80.07% 1.85% 6.20% 81.09% 6/30/2012 0.00%0.18% 1.02% 23.00% 67.17% 9/24/2011 36.93%0.00% 4.28% NA 32.71% 2/29/2012 33.90%48.97% 3.26% 11.30% 3.70% 12/31/2011 31.91%11.31% 1.54% 36.20% 64.08% 12/31/2011 7.96%23.27% 3.76% NA 8.11% 6/1/2012 43.59%

NA NA NA NA 12/31/2011 0.00%1.11% 1.30% 45.00% 24.93% 12/31/2011 27.91%28.62% 2.47% 3.70% 71.96% 4/30/2012 35.32%28.20% 3.22% NA 2.06% 12/31/2011 21.87%68.98% 2.36% 1.00% 52.90% 12/31/2011 34.80%1.07% 0.00% NA NA 12/31/2011 17.20%8.59% 2.22% 3.40% 31.38% 10/30/2011 34.03%39.81% 3.42% 2.40% 69.29% 5/27/2012 16.99%77.41% 3.15% 23.30% 77.10% 12/31/2011 28.93%75.65% 3.32% 42.10% 43.35% 7/21/2012 30.15%43.62% 2.16% 10.70% 76.87% 11/30/2011 23.85%64.57% 3.56% 1.80% 64.31% 4/29/2012 22.85%53.64% 3.27% 1.40% 69.32% 5/27/2012 27.36%

0.77 0.99 7.48% NA NA NA0.77 1.51 10.51% NA NA NA0.77 NA NA NA NA NA0.77 0.78 6.27% NA NA NA0.77 1.15 8.42% NA NA NA0.77 0.77 6.25% NA NA NA0.77 0.83 6.59% NA NA NA0.77 1.10 8.16% NA NA NA0.77 6.72 40.73% NA NA NA0.77 0.77 6.21% NA NA NA0.77 0.77 6.21% NA NA NA0.77 2.01 13.43% NA NA NA0.77 1.14 8.39% NA NA NA0.77 1.06 7.92% NA NA NA0.77 0.77 6.21% NA NA NA0.77 0.81 6.43% NA NA NA0.77 0.78 6.30% NA NA NA0.77 1.68 11.53% NA NA NA0.77 0.77 6.21% NA NA NA0.77 0.77 6.21% NA NA NA0.77 0.79 6.37% NA NA NA0.77 0.77 6.21% NA NA NA0.77 0.86 6.76% NA NA NA0.77 NA NA NA NA NA0.77 NA NA NA NA NA0.77 4.22 26.22% NA NA NA0.77 2.18 14.40% NA NA NA0.77 NA NA 5.7600% 5.76% NA0.77 0.79 6.33% 5.7600% 4.34% 6.26%0.77 NA NA 5.7600% 5.76% NA0.77 NA NA 5.7600% 5.76% NA0.77 0.83 6.58% 5.7600% 5.76% 6.52%0.77 NA NA 5.7600% 4.34% NA0.77 0.89 6.95% 5.7600% 5.76% 6.78%0.77 4.27 26.53% 5.7600% 5.76% 9.49%0.77 1.92 12.88% 5.7600% 5.76% 8.61%0.77 1.46 10.21% 4.7600% 4.76% 7.63%

Unlevered beta for sector

Bottom up Beta

Cost of equity

Pre-tax cost of debt

After-tax cost of debt

Cost of Capital

0.77 1.53 10.66% 4.7600% 4.76% 7.71%0.77 0.77 6.21% 4.7600% 3.55% 6.21%0.77 0.79 6.35% 4.2600% 3.35% 6.23%0.77 0.83 6.55% 4.2600% 4.26% 6.39%0.77 1.01 7.60% 4.2600% 1.70% 5.01%0.77 2.88 18.49% 3.7600% 2.44% 5.50%0.77 4.66 28.79% 3.7600% 3.76% 7.88%0.77 3.97 24.79% 3.2600% 2.72% 6.40%0.77 0.78 6.26% 3.2600% 2.18% 6.19%0.77 5.83 35.56% 3.2600% 3.26% 7.51%0.77 1.38 9.78% 3.2600% 3.26% 6.88%0.77 1.69 11.57% 3.2600% 2.24% 5.63%0.77 0.90 6.98% 3.2600% 2.17% 5.99%0.77 1.40 9.89% 3.2600% 2.14% 5.57%0.77 0.82 6.54% 3.2600% 1.78% 5.97%0.77 1.13 8.30% 3.2600% 1.76% 5.25%0.77 0.77 6.21% 3.2600% 2.17% 6.21%0.77 0.92 7.11% 3.2600% 3.26% 6.46%0.77 0.77 6.21% 2.7600% 1.10% 6.21%0.77 0.80 6.41% 2.7600% 1.10% 5.87%0.77 0.94 7.23% 2.7600% 2.76% 6.40%0.77 1.39 9.81% 2.7600% 2.57% 6.44%0.77 1.95 13.04% 2.7600% 2.76% 6.81%0.77 1.87 12.61% 2.7600% 2.34% 6.14%0.77 0.84 6.61% 2.7600% 1.81% 6.03%0.77 0.77 6.21% 2.7600% 2.76% 6.21%0.77 1.01 7.62% 2.7600% 1.80% 5.72%0.77 0.80 6.43% 2.7600% 2.03% 6.15%0.77 1.08 8.04% 2.7600% 2.02% 5.88%0.77 0.88 6.86% 2.7600% 1.80% 5.93%0.77 1.13 8.31% 2.7600% 1.77% 5.54%0.77 0.96 7.35% 2.7600% 1.61% 5.59%0.77 1.13 8.32% 2.7600% 1.77% 5.54%0.77 0.81 6.48% 2.7600% 1.78% 6.07%0.77 0.84 6.61% 2.7600% 1.71% 5.99%0.77 0.77 6.21% 2.7600% 1.81% 6.21%0.77 0.85 6.67% 2.7600% 1.82% 6.01%0.77 1.11 8.21% 2.7600% 1.95% 5.78%0.77 0.97 7.38% 2.7600% 2.76% 6.42%0.77 0.89 6.94% 2.7600% 1.73% 5.86%0.77 NA NA 2.7600% 2.76% NA0.77 0.93 7.15% 2.7600% 1.88% 5.90%0.77 1.03 7.76% 2.7600% 1.80% 5.69%

0.77 1.01 7.62% 2.7600% 1.98% 5.89%0.77 0.98 7.46% 2.7600% 1.97% 5.91%0.77 0.80 6.39% 2.7600% 1.76% 6.11%0.77 1.05 7.86% 2.7600% 2.42% 6.24%0.77 1.16 8.48% 2.7600% 1.83% 5.58%0.77 0.85 6.70% 2.7600% 1.85% 6.02%0.77 0.87 6.83% 2.7600% 1.80% 5.94%0.77 1.07 7.95% 2.7600% 1.90% 5.76%0.77 0.78 6.29% 2.2600% 1.75% 6.19%0.77 1.02 7.68% 2.2600% 1.52% 5.65%0.77 1.12 8.24% 2.2600% 1.73% 5.81%0.77 0.82 6.52% 2.2600% 1.36% 5.98%0.77 0.79 6.36% 2.2600% 1.34% 6.09%0.77 1.05 7.84% 2.2600% 2.15% 6.26%0.77 1.06 7.93% 2.2600% 1.89% 6.02%0.77 0.80 6.42% 2.2600% 1.48% 6.09%0.77 0.83 6.58% 2.2600% 1.62% 6.07%0.77 1.12 8.26% 2.2600% 1.74% 5.82%0.77 0.87 6.79% 2.2600% 1.58% 5.97%0.77 0.82 6.50% 2.2600% 1.45% 6.03%0.77 0.98 7.45% 2.2600% 2.26% 6.32%0.77 0.77 6.21% 2.2600% 1.42% 6.21%0.77 0.77 6.21% 2.2600% 1.48% 6.21%0.77 0.86 6.75% 2.2600% 1.67% 6.03%0.77 0.87 6.81% 2.2600% 2.13% 6.22%0.77 0.85 6.67% 2.2600% 1.26% 5.83%0.77 NA NA 2.2600% 2.26% NA0.77 0.77 6.23% 2.2600% 1.63% 6.20%0.77 0.88 6.85% 2.2600% 1.46% 5.87%0.77 0.84 6.61% 2.2600% 1.77% 6.11%0.77 0.83 6.55% 2.2600% 1.47% 6.02%0.77 0.77 6.23% 2.2600% 1.87% 6.21%0.77 0.78 6.30% 2.2600% 1.51% 6.16%0.77 0.92 7.07% 2.2600% 1.78% 6.03%0.77 0.93 7.16% 2.2600% 1.60% 5.87%0.77 0.90 6.99% 2.2600% 1.56% 5.89%0.77 0.85 6.68% 2.2600% 1.60% 6.02%0.77 0.93 7.15% 2.2600% 1.77% 6.01%0.77 0.92 7.09% 2.2600% 1.58% 5.87%

NA -2.29%NA 2.91%NA NANA 13.28%NA 17.69%NA 31.98%NA 0.04%NA -8.16%NA -111.32%NA -22.21%NA 37.96%NA 10.87%NA 11.86%NA NANA NANA 1.45%NA NANA -93.28%NA NANA -4.22%NA 11.72%NA 11.25%NA -3.50%NA NANA NANA -8.13%NA -16.12%NA NA

18.55% 17.20%NA NANA NANA NANA NA

-6.79% -14.09%### NANA NA

8.34% 7.76%

ROC - Cost of Capital

ROE - Cost of Equity

92.25% -115.42%6.92% 5.74%-1.40% -2.70%

NA NA-3.90% -5.04%12.06% -4.93%-4.43% -46.99%-1.75% -25.88%34.32% 18.95%-3.82% -33.80%39.36% -99.20%2.04% 1.40%5.17% 1.72%3.01% NA-1.83% -1.66%2.60% 9.09%10.05% 4.32%-28.20% -49.76%-4.83% -6.21%-3.86% -11.85%-4.18% -8.96%3.86% 2.94%-0.87% -5.94%2.87% -7.79%20.46% 12.05%-13.31% -7.82%1.58% 0.89%75.90% 67.22%0.95% -18.94%-0.93% -0.13%-2.79% -5.12%-1.25% -4.14%-2.79% -5.14%0.78% 0.55%3.61% 4.21%34.74% 23.00%-0.83% -0.97%5.15% 4.11%-1.24% -32.45%3.96% -0.04%

NA NA6.41% 6.10%2.31% 14.62%

2.37% 3.30%5.48% 9.93%45.27% 39.77%-4.60% -6.21%0.10% 2.79%1.22% 2.17%4.84% 5.60%-0.52% 0.37%14.50% 2.81%1.30% 1.67%3.36% 3.26%2.25% 5.07%1.46% 1.83%1.23% -0.15%38.90% 0.89%13.63% 6.70%105.27% NA5.12% 2.07%3.87% 4.70%5.25% 9.76%1.52% -16.81%8.87% 5.01%19.84% 14.65%13.38% 23.00%0.33% -1.33%1.66% 2.35%

NA NA0.58% 0.37%2.47% 3.52%8.97% 10.09%28.67% 69.86%8.65% 1.61%13.96% 11.53%6.23% 10.25%13.25% 62.78%19.53% 80.20%7.59% 16.44%14.33% 32.21%8.23% 19.50%

Estado de Situación Financiera

ALICORP S.A.A.

ESTADOS FINANCIEROS |Individual | Anual al 31 de Diciembre del 2012 ( en miles de NUEVOS SOLES )

CUENTA

Activos

Activos Corrientes

Efectivo y Equivalentes al Efectivo

Otros Activos Financieros

Cuentas por cobrar comerciales y otras cuentas por cobrar

Cuentas por Cobrar Comerciales (neto)

Otras Cuentas por Cobrar (neto)

Cuentas por Cobrar a Entidades Relacionadas

Anticipos

Inventarios

Activos Biológicos

Activos por Impuestos a las Ganancias

Otros Activos no financieros

Activos no Corrientes o Grupos de Activos para su Disposición Clasificados como Mantenidos para la Venta

Activos no Corrientes o Grupos de Activos para su Disposición Clasificados como Mantenidos para Distribuir a los Propietarios

Total Activos Corrientes

Activos No Corrientes

Otros Activos Financieros

Inversiones en subsidiarias, negocios conjuntos y asociadas

Cuentas por cobrar comerciales y otras cuentas por cobrar

Cuentas por Cobrar Comerciales

Otras Cuentas por Cobrar

Cuentas por Cobrar a Entidades Relacionadas

Anticipos

Activos Biológicos

Propiedades de Inversión

Propiedades, Planta y Equipo (neto)

Activos intangibles distintos de la plusvalia

Activos por impuestos diferidos

Plusvalía

Otros Activos no financieros

Total Activos No Corrientes

TOTAL DE ACTIVOS

Pasivos y Patrimonio

Pasivos Corrientes

Otros Pasivos Financieros

Cuentas por pagar comerciales y otras cuentas por pagar

Cuentas por Pagar Comerciales

Otras Cuentas por Pagar

Cuentas por Pagar a Entidades Relacionadas

Ingresos diferidos

Provisión por Beneficios a los Empleados

Otras provisiones

Total Activos Corrientes Distintos de los Activos o Grupos de Activos para su Disposición Clasificados como Mantenidos para la Venta o para Distribuir a los Propietarios

Activos no Corrientes o Grupos de Activos para su Disposición Clasificados como Mantenidos para la Venta o como Mantenidos para Distribuir a los Propietarios

Pasivos por Impuestos a las Ganancias

Otros Pasivos no financieros

Pasivos incluidos en Grupos de Activos para su Disposición Clasificados como Mantenidos para la Venta

Total Pasivos Corrientes

Pasivos No Corrientes

Otros Pasivos Financieros

Cuentas por pagar comerciales y otras cuentas por pagar

Cuentas por Pagar Comerciales

Otras Cuentas por Pagar

Cuentas por Pagar a Entidades Relacionadas

Ingresos Diferidos

Provisión por Beneficios a los Empleados

Otras provisiones

Pasivos por impuestos diferidos

Otros pasivos no financieros

Total Pasivos No Corrientes

Total Pasivos

Patrimonio

Capital Emitido

Primas de Emisión

Acciones de Inversión

Acciones Propias en Cartera

Otras Reservas de Capital

Resultados Acumulados

Otras Reservas de Patrimonio

Total Patrimonio

TOTAL PASIVO Y PATRIMONIO

Total de Pasivos Corrientes distintos de Pasivos incluidos en Grupos de Activos para su Disposición Clasificados como Mantenidos para la Venta

http://www.smv.gob.pe/Frm_InformacionFinanciera.aspx?data=D0C6EC3F672A00F092BD26A986ECBCFB341917577FE0332CEF26C81BB87B44227E14A24EE39511EF20A584D915F3DB


Estado de Situación Financiera

ALICORP S.A.A.

ESTADOS FINANCIEROS |Individual | Anual al 31 de Diciembre del 2012 ( en miles de NUEVOS SOLES )

NOTA 2012 2011

0 0 0

0 0 0

5 427,363 68,754

8 426 419

0 649,691 464,775

6 534,953 423,426

8, 9 43,955 19,949

8 42,553 1,047

9 28,230 20,353

7 541,394 612,590

0 0 0

0 0 0

9 34,262 10,922

0 1,653,136 1,157,460

10 9,473 21,834

0 0 0

0 9,473 21,834

0 1,662,609 1,179,294

0 0 0

0 0 0

14 691,246 471,137

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

11 956,395 853,393

13 80,640 78,505

0 0 0

12 291,172 246,651

8 2,282 4,368

0 2,021,735 1,654,054

0 3,684,344 2,833,348

0 0 0

0 0 0

15,16 387,559 12,967

0 475,086 412,699

17 444,546 382,666

20 28,266 27,591

16 2,274 2,442

0 0 0

18 76,420 75,646

19 6,045 6,045

29 (c) 3,987 23,016

0 0 0

0 949,097 530,373

0 0 0

0 949,097 530,373

0 0 0

15 633,840 321,289

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

18 5,679 2,972

0 0 0

29 (d) 73,181 86,560

0 0 0

0 712,700 410,821

0 1,661,797 941,194

0 0 0

21 847,192 847,192

0 0 0

21 7,388 7,388

0 0 0

21 129,342 97,091

21 944,151 823,159

21 94,474 117,324

0 2,022,547 1,892,154

0 3,684,344 2,833,348

3/30/2013 9:09:41 PM Page 2 of 2http://www.smv.gob.pe/Frm_InformacionFinanciera.aspx?data=D0C6EC3F672A00F092BD26A986ECBCFB341917577FE0332CEF26C81BB87B44227E14A24EE39511EF20A584D915F3DB


Returns by year

Customixed Geometric risk premium estimatorWhat is your riskfree rate? LTEnter your starting year 1929

Value of stocks in starting year: 143.81115515Value of T.Bills in starting year: 103.08Value of T.bonds in starting year: 100.83547086Estimate of risk premium based on your inputs: 3.79%

Annual Returns on Investments in Compounded Value of $ 100Year S&P 500 3-month T.Bill 10-year T. Bond Stocks1928 43.81% 3.08% 0.84% $ 143.81 1929 -8.30% 3.16% 4.20% $ 131.88 1930 -25.12% 4.55% 4.54% $ 98.75 1931 -43.84% 2.31% -2.56% $ 55.46 1932 -8.64% 1.07% 8.79% $ 50.66 1933 49.98% 0.96% 1.86% $ 75.99 1934 -1.19% 0.32% 7.96% $ 75.09 1935 46.74% 0.18% 4.47% $ 110.18 1936 31.94% 0.17% 5.02% $ 145.38 1937 -35.34% 0.30% 1.38% $ 94.00 1938 29.28% 0.08% 4.21% $ 121.53 1939 -1.10% 0.04% 4.41% $ 120.20 1940 -10.67% 0.03% 5.40% $ 107.37 1941 -12.77% 0.08% -2.02% $ 93.66 1942 19.17% 0.34% 2.29% $ 111.61 1943 25.06% 0.38% 2.49% $ 139.59 1944 19.03% 0.38% 2.58% $ 166.15 1945 35.82% 0.38% 3.80% $ 225.67 1946 -8.43% 0.38% 3.13% $ 206.65 1947 5.20% 0.57% 0.92% $ 217.39 1948 5.70% 1.02% 1.95% $ 229.79 1949 18.30% 1.10% 4.66% $ 271.85 1950 30.81% 1.17% 0.43% $ 355.60 1951 23.68% 1.48% -0.30% $ 439.80 1952 18.15% 1.67% 2.27% $ 519.62 1953 -1.21% 1.89% 4.14% $ 513.35 1954 52.56% 0.96% 3.29% $ 783.18 1955 32.60% 1.66% -1.34% $ 1,038.47 1956 7.44% 2.56% -2.26% $ 1,115.73

Returns by year

1957 -10.46% 3.23% 6.80% $ 999.05 1958 43.72% 1.78% -2.10% $ 1,435.84 1959 12.06% 3.26% -2.65% $ 1,608.95 1960 0.34% 3.05% 11.64% $ 1,614.37 1961 26.64% 2.27% 2.06% $ 2,044.40 1962 -8.81% 2.78% 5.69% $ 1,864.26 1963 22.61% 3.11% 1.68% $ 2,285.80 1964 16.42% 3.51% 3.73% $ 2,661.02 1965 12.40% 3.90% 0.72% $ 2,990.97 1966 -9.97% 4.84% 2.91% $ 2,692.74 1967 23.80% 4.33% -1.58% $ 3,333.69 1968 10.81% 5.26% 3.27% $ 3,694.23 1969 -8.24% 6.56% -5.01% $ 3,389.77 1970 3.56% 6.69% 16.75% $ 3,510.49 1971 14.22% 4.54% 9.79% $ 4,009.72 1972 18.76% 3.95% 2.82% $ 4,761.76 1973 -14.31% 6.73% 3.66% $ 4,080.44 1974 -25.90% 7.78% 1.99% $ 3,023.54 1975 37.00% 5.99% 3.61% $ 4,142.10 1976 23.83% 4.97% 15.98% $ 5,129.20 1977 -6.98% 5.13% 1.29% $ 4,771.20 1978 6.51% 6.93% -0.78% $ 5,081.77 1979 18.52% 9.94% 0.67% $ 6,022.89 1980 31.74% 11.22% -2.99% $ 7,934.26 1981 -4.70% 14.30% 8.20% $ 7,561.16 1982 20.42% 11.01% 32.81% $ 9,105.08 1983 22.34% 8.45% 3.20% ###1984 6.15% 9.61% 13.73% ###1985 31.24% 7.49% 25.71% ###1986 18.49% 6.04% 24.28% ###1987 5.81% 5.72% -4.96% ###1988 16.54% 6.45% 8.22% ###1989 31.48% 8.11% 17.69% ###1990 -3.06% 7.55% 6.24% ###1991 30.23% 5.61% 15.00% ###1992 7.49% 3.41% 9.36% ###1993 9.97% 2.98% 14.21% ###1994 1.33% 3.99% -8.04% ###1995 37.20% 5.52% 23.48% ###1996 22.68% 5.02% 1.43% ###

Returns by year

1997 33.10% 5.05% 9.94% ###1998 28.34% 4.73% 14.92% ###1999 20.89% 4.51% -8.25% ###2000 -9.03% 5.76% 16.66% ###2001 -11.85% 3.67% 5.57% ###2002 -21.97% 1.66% 15.12% ###2003 28.36% 1.03% 0.38% ###2004 10.74% 1.23% 4.49% ###2005 4.83% 3.01% 2.87% ###2006 15.61% 4.68% 1.96% ###2007 5.48% 4.64% 10.21% ###2008 -36.55% 1.59% 20.10% ###2009 25.94% 0.14% -11.12% ###2010 14.82% 0.13% 8.46% ###2011 2.07% 0.03% 16.04% ###2012 15.83% 0.05% 2.97% ###

Arithmetic Average19282012 11.26% 3.61% 5.38%19622012 11.10% 5.17% 7.19%20022012 8.71% 1.65% 5.64%

Geometric Average19282012 9.31% 3.57% 5.11%19622012 9.73% 5.13% 6.80%20022012 7.02% 1.64% 5.31%

Returns by year

Estimates of risk premiums from 1928, over the last 40 years and over the last 10 yearsare provided at the bottom of this table.

Compounded Value of $ 100T.Bills T.Bonds Stocks - BillsStocks - BondHistorical risk premium $ 103.08 $ 100.84 40.73% 42.98% $ 106.34 $ 105.07 -11.46% -12.50% $ 111.18 $ 109.85 -29.67% -29.66% $ 113.74 $ 107.03 -46.15% -41.28% $ 114.96 $ 116.44 -9.71% -17.43% $ 116.06 $ 118.60 49.02% 48.13% $ 116.44 $ 128.05 -1.51% -9.15% $ 116.64 $ 133.78 46.57% 42.27% $ 116.84 $ 140.49 31.77% 26.93% $ 117.19 $ 142.43 -35.64% -36.72% $ 117.29 $ 148.43 29.21% 25.07% $ 117.33 $ 154.98 -1.14% -5.51% $ 117.36 $ 163.35 -10.70% -16.08% $ 117.46 $ 160.04 -12.85% -10.75% $ 117.85 $ 163.72 18.84% 16.88% $ 118.30 $ 167.79 24.68% 22.57% $ 118.75 $ 172.12 18.65% 16.45% $ 119.20 $ 178.67 35.44% 32.02% $ 119.65 $ 184.26 -8.81% -11.56% $ 120.33 $ 185.95 4.63% 4.28% $ 121.56 $ 189.58 4.68% 3.75% $ 122.90 $ 198.42 17.20% 13.64% $ 124.34 $ 199.27 29.63% 30.38% $ 126.18 $ 198.68 22.20% 23.97% $ 128.29 $ 203.19 16.48% 15.88% $ 130.72 $ 211.61 -3.10% -5.35% $ 131.98 $ 218.57 51.60% 49.27% $ 134.17 $ 215.65 30.94% 33.93% $ 137.60 $ 210.79 4.88% 9.70%

Returns by year

$ 142.04 $ 225.11 -13.69% -17.25% $ 144.57 $ 220.39 41.94% 45.82% $ 149.27 $ 214.56 8.80% 14.70% $ 153.82 $ 239.53 -2.71% -11.30% 6.11% $ 157.30 $ 244.46 24.37% 24.58% 6.62% $ 161.67 $ 258.38 -11.59% -14.51% 5.97% $ 166.70 $ 262.74 19.50% 20.93% 6.36% $ 172.54 $ 272.53 12.91% 12.69% 6.53% $ 179.28 $ 274.49 8.50% 11.68% 6.66% $ 187.95 $ 282.47 -14.81% -12.88% 6.11% $ 196.10 $ 278.01 19.47% 25.38% 6.57% $ 206.41 $ 287.11 5.55% 7.54% 6.60% $ 219.96 $ 272.71 -14.80% -3.23% 6.33% $ 234.66 $ 318.41 -3.12% -13.19% 5.90% $ 245.32 $ 349.57 9.68% 4.43% 5.87% $ 255.01 $ 359.42 14.80% 15.94% 6.08% $ 272.16 $ 372.57 -21.03% -17.97% 5.50% $ 293.33 $ 379.98 -33.68% -27.89% 4.64% $ 310.90 $ 393.68 31.01% 33.39% 5.17% $ 326.35 $ 456.61 18.86% 7.85% 5.22% $ 343.09 $ 462.50 -12.11% -8.27% 4.93% $ 366.87 $ 458.90 -0.42% 7.29% 4.97% $ 403.33 $ 461.98 8.58% 17.85% 5.21% $ 448.58 $ 448.17 20.52% 34.72% 5.73% $ 512.73 $ 484.91 -19.00% -12.90% 5.37% $ 569.18 $ 644.04 9.41% -12.40% 5.10% $ 617.26 $ 664.65 13.89% 19.14% 5.34% $ 676.60 $ 755.92 -3.47% -7.59% 5.12% $ 727.26 $ 950.29 23.75% 5.52% 5.13% $ 771.15 $ 1,181.06 12.46% -5.79% 4.97% $ 815.27 $ 1,122.47 0.09% 10.77% 5.07% $ 867.86 $ 1,214.78 10.09% 8.31% 5.12% $ 938.24 $ 1,429.72 23.37% 13.78% 5.24% $ 1,009.08 $ 1,518.87 -10.61% -9.30% 5.00% $ 1,065.69 $ 1,746.77 24.62% 15.23% 5.14% $ 1,101.98 $ 1,910.30 4.09% -1.87% 5.03% $ 1,134.84 $ 2,181.77 6.98% -4.24% 4.90% $ 1,180.07 $ 2,006.43 -2.66% 9.36% 4.97% $ 1,245.15 $ 2,477.55 31.68% 13.71% 5.08% $ 1,307.68 $ 2,512.94 17.66% 21.25% 5.30%

Returns by year

$ 1,373.76 $ 2,762.71 28.05% 23.16% 5.53% $ 1,438.70 $ 3,174.95 23.61% 13.42% 5.63% $ 1,503.58 $ 2,912.88 16.38% 29.14% 5.96% $ 1,590.23 $ 3,398.03 -14.79% -25.69% 5.51% $ 1,648.63 $ 3,587.37 -15.52% -17.42% 5.17% $ 1,675.96 $ 4,129.65 -23.62% -37.08% 4.53% $ 1,693.22 $ 4,145.15 27.33% 27.98% 4.82% $ 1,714.00 $ 4,331.30 9.52% 6.25% 4.84% $ 1,765.59 $ 4,455.50 1.82% 1.97% 4.80% $ 1,848.18 $ 4,542.87 10.94% 13.65% 4.91% $ 1,933.98 $ 5,006.69 0.84% -4.73% 4.79% $ 1,964.64 $ 6,013.10 -38.14% -56.65% 3.88% $ 1,967.29 $ 5,344.65 25.80% 37.05% 4.29% $ 1,969.84 $ 5,796.96 14.69% 6.36% 4.31% $ 1,970.44 $ 6,726.52 2.04% -13.97% 4.10% $ 1,971.42 $ 6,926.40 15.78% 12.85% 4.20%

Risk Premium Standard ErrorStocks T.Bills Stocks T.Bonds Stocks T.BillsStocks T.Bonds

7.65% 5.88% 2.20% 2.33%5.93% 3.91% 2.38% 2.66%7.06% 3.08% 5.82% 8.11%

Risk PremiumStocks T.Bills Stocks T.Bonds

5.74% 4.20%4.60% 2.93%5.38% 1.71%

Estimating Country Risk Premiums

Enter the current risk premium for a mature equity marketDo you want to adjust the country default spread for the additional volatility of the equity market to get to a country premium?If yes, enter the multiplier to use on the default spread (See worksheet for volatility numbers for selected emerging markets)

Country Region Local Currency RatingAlbania Eastern Europe & Russia B1Angola Africa Ba3Argentina Central and South America B3Armenia Eastern Europe & Russia Ba2Australia Australia & New Zealand AaaAustria Western Europe AaaAzerbaijan Eastern Europe & Russia Baa3Bahamas Caribbean Baa1Bahrain Middle East Baa1Bangladesh Asia Ba3Barbados Caribbean Baa3Belarus Eastern Europe & Russia B3Belgium Western Europe Aa3Belize Central and South America Caa3Bermuda Caribbean Aa2Bolivia Central and South America Ba3Bosnia and Herzegovina Eastern Europe & Russia B3Botswana Africa A2Brazil Central and South America Baa2Bulgaria Eastern Europe & Russia Baa2Cambodia Asia B2Canada North America AaaCayman Islands Caribbean Aa3

Chile Central and South America Aa3China Asia Aa3Colombia Central and South America Baa3Costa Rica Central and South America Baa3Croatia Eastern Europe & Russia Baa3Cuba Caribbean Caa1Cyprus Western Europe B3Czech Republic Eastern Europe & Russia A1Denmark Western Europe AaaDominican Republic Caribbean B1Ecuador Central and South America Caa1Egypt Africa B2El Salvador Central and South America Ba3Estonia Eastern Europe & Russia A1Fiji Islands Asia B1Finland Western Europe AaaFrance Western Europe Aa1Georgia Eastern Europe & Russia Ba3Germany Western Europe AaaGreece Western Europe Caa3Guatemala Central and South America Ba1Honduras Central and South America B2Hong Kong Asia Aa1Hungary Eastern Europe & Russia Ba1Iceland Western Europe Baa3India Asia Baa3Indonesia Asia Baa3Ireland Western Europe Ba1Isle of Man Financial Center Aaa

Israel Middle East A1Italy Western Europe Baa2Jamaica Caribbean B3Japan Asia Aa3Jordan Middle East Ba2Kazakhstan Eastern Europe & Russia Baa2Kenya Africa B1Korea Asia Aa3Kuwait Middle East Aa2Latvia Eastern Europe & Russia Baa3Lebanon Middle East B1Lithuania Eastern Europe & Russia Baa1Luxembourg Western Europe AaaMacao Asia Aa3Malaysia Asia A3Malta Western Europe A3Mauritius Africa Baa1Mexico Central and South America Baa1Moldova Eastern Europe & Russia B3Mongolia Asia B1Montenegro Eastern Europe & Russia Ba3Morocco Africa Ba1Namibia Africa Baa3Netherlands Western Europe AaaNew Zealand Australia & New Zealand AaaNicaragua Central and South America B3Nigeria Africa Ba3Norway Western Europe AaaOman Middle East A1

Pakistan Asia Caa1Panama Central and South America Baa2Papua New Guinea Asia B1Paraguay Central and South America B1Peru Central and South America Baa2Philippines Asia Ba1Poland Eastern Europe & Russia A2Portugal Western Europe Ba3Qatar Middle East Aa2Romania Eastern Europe & Russia Baa3Russia Eastern Europe & Russia Baa1Saudi Arabia Middle East Aa3Senegal Africa B1Singapore Asia AaaSlovakia Eastern Europe & Russia A2Slovenia Eastern Europe & Russia Baa2South Africa Africa Baa1Spain Western Europe Baa3Sri Lanka Asia B1St. Maarten Africa Baa1St. Vincent & the Grenadines Caribbean B2Suriname Caribbean Ba3Sweden Western Europe AaaSwitzerland Western Europe AaaTaiwan Asia Aa3Thailand Asia Baa1Trinidad and Tobago Caribbean Baa1Tunisia Africa Baa3Turkey Western Europe Ba1

Ukraine Eastern Europe & Russia B3United Arab Emirates Middle East Aa2United Kingdom Western Europe AaaUnited States of America North America AaaUruguay Central and South America Baa3Venezuela Central and South America B1Vietnam Asia B2Zambia Africa B1

Rating Default spread in basis pointsA1 85A2 100A3 115Aa1 25Aa2 50Aa3 70Aaa 0B1 400B2 500B3 600Ba1 240Ba2 275Ba3 325Baa1 150Baa2 175Baa3 200Caa1 700Caa2 850Caa3 1000


5.80%Yes1.5

Ratingbased Default Spread Total Equity Risk Premium Country Risk Premium CDS Default Spread4.00% 11.80% 6.00% NA3.25% 10.68% 4.88% NA6.00% 14.80% 9.00% 13.07%2.75% 9.93% 4.13% NA0.00% 5.80% 0.00% 0.86%0.00% 5.80% 0.00% 0.79%2.00% 8.80% 3.00% NA1.50% 8.05% 2.25% NA1.50% 8.05% 2.25% 2.52%3.25% 10.68% 4.88% NA2.00% 8.80% 3.00% NA6.00% 14.80% 9.00% NA0.70% 6.85% 1.05% 1.24%10.00% 20.80% 15.00% NA0.50% 6.55% 0.75% NA3.25% 10.68% 4.88% NA6.00% 14.80% 9.00% NA1.00% 7.30% 1.50% NA1.75% 8.43% 2.63% 1.44%1.75% 8.43% 2.63% 1.41%5.00% 13.30% 7.50% NA0.00% 5.80% 0.00% NA0.70% 6.85% 1.05% NA

0.70% 6.85% 1.05% 0.99%0.70% 6.85% 1.05% 1.02%2.00% 8.80% 3.00% 1.35%2.00% 8.80% 3.00% 3.91%2.00% 8.80% 3.00% 2.99%7.00% 16.30% 10.50% NA6.00% 14.80% 9.00% 6.55%0.85% 7.08% 1.28% 0.89%0.00% 5.80% 0.00% 0.69%4.00% 11.80% 6.00% NA7.00% 16.30% 10.50% NA5.00% 13.30% 7.50% 5.76%3.25% 10.68% 4.88% NA0.85% 7.08% 1.28% 0.95%4.00% 11.80% 6.00% NA0.00% 5.80% 0.00% 0.60%0.25% 6.18% 0.38% 1.44%3.25% 10.68% 4.88% NA0.00% 5.80% 0.00% 0.82%10.00% 20.80% 15.00% NA2.40% 9.40% 3.60% NA5.00% 13.30% 7.50% NA0.25% 6.18% 0.38% 1.03%2.40% 9.40% 3.60% 3.16%2.00% 8.80% 3.00% 2.16%2.00% 8.80% 3.00% NA2.00% 8.80% 3.00% 1.81%2.40% 9.40% 3.60% 2.54%0.00% 5.80% 0.00% NA

0.85% 7.08% 1.28% 1.61%1.75% 8.43% 2.63% 3.03%6.00% 14.80% 9.00% NA0.70% 6.85% 1.05% 1.32%2.75% 9.93% 4.13% NA1.75% 8.43% 2.63% 1.97%4.00% 11.80% 6.00% NA0.70% 6.85% 1.05% 1.13%0.50% 6.55% 0.75% NA2.00% 8.80% 3.00% 1.70%4.00% 11.80% 6.00% 4.72%1.50% 8.05% 2.25% 1.58%0.00% 5.80% 0.00% NA0.70% 6.85% 1.05% NA1.15% 7.53% 1.73% 1.14%1.15% 7.53% 1.73% NA1.50% 8.05% 2.25% NA1.50% 8.05% 2.25% 1.36%6.00% 14.80% 9.00% NA4.00% 11.80% 6.00% NA3.25% 10.68% 4.88% NA2.40% 9.40% 3.60% 2.79%2.00% 8.80% 3.00% NA0.00% 5.80% 0.00% 0.83%0.00% 5.80% 0.00% 0.72%6.00% 14.80% 9.00% NA3.25% 10.68% 4.88% NA0.00% 5.80% 0.00% 0.41%0.85% 7.08% 1.28% NA

7.00% 16.30% 10.50% 7.90%1.75% 8.43% 2.63% 1.36%4.00% 11.80% 6.00% NA4.00% 11.80% 6.00% NA1.75% 8.43% 2.63% 1.38%2.40% 9.40% 3.60% 1.59%1.00% 7.30% 1.50% 1.30%3.25% 10.68% 4.88% 4.93%0.50% 6.55% 0.75% 1.28%2.00% 8.80% 3.00% 2.81%1.50% 8.05% 2.25% 1.82%0.70% 6.85% 1.05% 0.78%4.00% 11.80% 6.00% NA0.00% 5.80% 0.00% NA1.00% 7.30% 1.50% 1.42%1.75% 8.43% 2.63% 2.59%1.50% 8.05% 2.25% 2.03%2.00% 8.80% 3.00% 3.14%4.00% 11.80% 6.00% NA1.50% 8.05% 2.25% NA5.00% 13.30% 7.50% NA3.25% 10.68% 4.88% NA0.00% 5.80% 0.00% 0.41%0.00% 5.80% 0.00% 0.76%0.70% 6.85% 1.05% NA1.50% 8.05% 2.25% 1.43%1.50% 8.05% 2.25% NA2.00% 8.80% 3.00% 4.21%2.40% 9.40% 3.60% 1.79%

6.00% 14.80% 9.00% 6.51%0.50% 6.55% 0.75% NA0.00% 5.80% 0.00% 0.74%0.00% 5.80% 0.00% 0.67%2.00% 8.80% 3.00% NA4.00% 11.80% 6.00% 6.55%5.00% 13.30% 7.50% 2.74%4.00% 11.80% 6.00% NA


Total Equity Risk Premium Country Risk Premium Has to be sorted in ascending order

NA NA RatingDefault spread in basis points

NA NA A1 85

24.40% 18.60% A2 100

NA NA A3 115

6.09% 0.29% Aa1 25

5.98% 0.18% Aa2 50

NA NA Aa3 70

NA NA Aaa 0

8.58% 2.78% B1 400

NA NA B2 500

NA NA B3 600

NA NA Ba1 240

6.66% 0.86% Ba2 275

NA NA Ba3 325

NA NA Baa1 150

NA NA Baa2 175

NA NA Baa3 200

NA NA Caa1 700

6.96% 1.16% Caa2 850

6.91% 1.11% Caa3 1000

NA NANA NANA NA

6.28% 0.48%6.33% 0.53%6.82% 1.02%10.66% 4.86%9.28% 3.48%

NA NA14.62% 8.82%6.13% 0.33%5.83% 0.03%

NA NANA NA

13.44% 7.64%NA NA

6.22% 0.42%NA NA

5.70% 0.11%6.96% 1.16%

NA NA6.03% 0.23%

NA NANA NANA NA

6.34% 0.54%9.54% 3.74%8.04% 2.24%

NA NA7.51% 1.71%8.61% 2.81%

NA NA

7.21% 1.41%9.34% 3.54%

NA NA6.78% 0.98%

NA NA7.75% 1.95%

NA NA6.49% 0.69%

NA NA7.35% 1.55%11.88% 6.08%7.17% 1.37%

NA NANA NA

6.51% 0.71%NA NANA NA

6.84% 1.04%NA NANA NANA NA

8.98% 3.18%NA NA

6.04% 0.24%5.88% 0.08%

NA NANA NA

5.41% 0.39%NA NA

16.65% 10.85%6.84% 1.04%

NA NANA NA

6.87% 1.07%7.18% 1.38%6.75% 0.95%12.19% 6.39%6.72% 0.92%9.01% 3.21%7.53% 1.73%5.97% 0.17%

NA NANA NA

6.93% 1.13%8.68% 2.88%7.84% 2.04%9.51% 3.71%

NA NANA NANA NANA NA

5.41% 0.39%5.94% 0.14%

NA NA6.94% 1.14%

NA NA11.11% 5.31%7.48% 1.68%

14.56% 8.76%NA NA

5.91% 0.11%5.80% 0.00%

NA NA14.62% 8.82%8.91% 3.11%

NA NA

http://www.mef.gob.pe/dnep/reporte/2013/boletin_diario_26_03_13.pdf

Industry Name Number of Firms Average Beta Market D/E RatioAdvertising 32 1.68 40.84%Aerospace/Defense 66 0.98 26.64%Air Transport 36 1.03 59.08%Apparel 54 1.36 13.77%Auto Parts 54 1.76 24.37%Automotive 12 1.73 103.42%Bank 416 0.77 128.23%Bank (Midwest) 68 0.89 49.85%Beverage 35 0.95 22.29%Biotechnology 214 1.23 15.92%Building Materials 43 1.57 65.24%Cable TV 20 1.40 66.11%Chemical (Basic) 18 1.37 24.73%Chemical (Diversified) 33 1.55 16.69%Chemical (Specialty) 70 1.18 20.53%Coal 20 1.47 68.38%Computer Software 191 0.98 6.55%Computers/Peripherals 81 1.37 9.70%Diversified Co. 113 1.22 78.69%Drug 223 1.08 14.79%E-Commerce 64 1.05 6.74%Educational Services 33 0.91 24.73%Electric Util. (Central) 20 0.57 85.00%Electric Utility (East) 17 0.43 67.90%Electric Utility (West) 15 0.58 81.37%Electrical Equipment 64 1.43 12.28%Electronics 123 1.22 22.46%Engineering & Const 30 1.28 13.23%Entertainment 76 1.60 33.87%Entertainment Tech 42 1.11 11.54%Environmental 84 0.66 43.07%Financial Svcs. (Div.) 256 1.34 204.42%Food Processing 119 0.87 23.50%Foreign Electronics 10 1.10 45.71%Funeral Services 6 1.12 49.48%Furn/Home Furnishings 32 1.63 22.06%Healthcare Information 20 0.97 11.62%Heavy Truck & Equip 23 1.80 47.30%Homebuilding 22 1.55 49.57%Hotel/Gaming 57 1.65 44.75%

Household Products 27 0.98 18.11%Human Resources 25 1.38 10.80%Industrial Services 136 0.97 36.56%Information Services 28 1.25 28.46%Insurance (Life) 32 1.44 55.85%Insurance (Prop/Cas.) 62 0.85 21.48%Internet 194 1.17 2.29%Investment Companies 31 1.27 7.55%IT Services 63 1.05 5.72%Machinery 94 1.26 17.39%Maritime 51 1.51 181.21%Med Supp Invasive 87 0.87 16.48%Med Supp Non-Invasive 143 1.07 12.89%Medical Services 118 0.84 50.23%Metal Fabricating 25 1.63 23.59%Metals & Mining (Div.) 77 1.62 15.42%Natural Gas (Div.) 31 1.28 41.08%Natural Gas Utility 27 0.46 66.15%Newspaper 14 1.86 39.29%Office Equip/Supplies 22 1.43 72.14%Oil/Gas Distribution 12 1.02 53.39%Oilfield Svcs/Equip. 81 1.66 27.72%Packaging & Container 27 1.20 56.17%Paper/Forest Products 32 1.37 43.01%Petroleum (Integrated) 26 1.17 20.47%Petroleum (Producing) 176 1.45 28.12%Pharmacy Services 18 1.17 18.88%Pipeline MLPs 53 0.74 44.37%Power 101 1.35 163.45%Precious Metals 83 1.03 13.65%Precision Instrument 82 1.27 21.21%Property Management 31 1.30 112.58%Public/Private Equity 12 2.02 28.73%Publishing 29 1.17 36.14%R.E.I.T. 127 1.43 37.01%Railroad 12 1.32 23.46%Recreation 51 1.45 37.75%Reinsurance 11 0.82 18.90%Restaurant 65 1.16 13.15%Retail (Hardlines) 79 1.79 26.01%Retail (Softlines) 42 1.43 5.59%

Retail Automotive 19 1.39 44.33%Retail Building Supply 10 1.11 11.72%Retail Store 38 1.29 25.58%Retail/Wholesale Food 30 0.68 34.84%Securities Brokerage 27 1.07 264.59%Semiconductor 142 1.49 10.06%Semiconductor Equip 10 1.79 16.98%Shoe 17 1.26 1.94%Steel 33 1.65 56.21%Telecom. Equipment 105 1.07 13.31%Telecom. Services 76 1.15 31.82%Telecom. Utility 23 0.92 108.25%Thrift 170 0.68 19.50%Tobacco 11 0.86 18.87%Toiletries/Cosmetics 14 1.17 20.63%Trucking 34 1.09 42.33%Water Utility 11 0.49 73.18%Wireless Networking 58 1.35 25.67%Total Market 6177 1.17 42.92%

Tax Rate Unlevered Beta Cash/Firm Value16.02% 1.25 13.12%20.08% 0.81 11.74%21.35% 0.70 14.13%18.57% 1.23 5.13%18.77% 1.47 11.65%16.24% 0.93 16.84%16.39% 0.37 16.43%20.99% 0.64 15.03%18.82% 0.80 4.33%2.98% 1.07 18.10%9.48% 0.99 6.18%21.23% 0.92 3.61%21.89% 1.15 7.52%19.75% 1.37 6.96%15.35% 1.00 4.58%11.27% 0.91 7.67%12.43% 0.92 16.59%10.01% 1.26 9.78%17.18% 0.74 14.07%5.14% 0.94 8.25%10.52% 0.99 9.21%21.72% 0.76 30.24%30.12% 0.36 1.03%33.49% 0.29 1.81%29.09% 0.37 1.88%16.15% 1.29 10.95%11.31% 1.01 13.01%25.00% 1.17 16.52%12.56% 1.24 5.81%11.01% 1.01 24.21%7.60% 0.48 2.45%16.23% 0.49 12.46%21.63% 0.74 3.74%23.12% 0.81 27.40%28.66% 0.83 2.94%16.69% 1.37 6.52%20.31% 0.88 10.06%22.74% 1.32 9.15%7.12% 1.06 15.14%17.52% 1.21 6.43%

24.66% 0.86 2.52%26.61% 1.28 12.49%20.19% 0.75 9.21%18.33% 1.01 3.48%21.09% 1.00 28.90%10.73% 0.71 20.86%8.43% 1.15 12.04%2.26% 1.18 2.64%16.27% 1.00 10.31%22.73% 1.11 6.04%7.92% 0.57 6.05%12.60% 0.76 7.36%10.61% 0.96 13.33%17.72% 0.59 10.82%23.30% 1.38 11.91%11.24% 1.42 7.45%22.02% 0.97 4.36%28.80% 0.31 2.41%18.35% 1.41 5.91%22.66% 0.91 13.12%18.11% 0.71 1.26%18.20% 1.35 6.40%23.09% 0.84 5.10%11.43% 0.99 7.35%30.34% 1.02 7.03%11.71% 1.16 3.81%23.18% 1.02 5.11%4.30% 0.52 0.74%6.19% 0.53 7.85%11.13% 0.92 7.93%14.13% 1.07 11.37%16.50% 0.67 8.37%19.17% 1.64 15.39%22.69% 0.92 4.97%0.04% 1.04 6.78%28.60% 1.13 1.69%20.31% 1.11 5.79%3.58% 0.69 24.61%19.23% 1.05 3.42%22.55% 1.49 9.96%25.57% 1.37 8.96%

32.69% 1.07 2.50%25.56% 1.02 1.97%24.83% 1.08 4.67%31.18% 0.55 5.46%30.41% 0.38 43.53%11.71% 1.37 14.48%15.21% 1.57 21.91%19.89% 1.24 8.93%24.24% 1.16 8.82%14.01% 0.96 30.13%16.22% 0.91 8.92%26.94% 0.51 3.31%15.84% 0.58 25.18%32.82% 0.76 3.21%27.33% 1.01 6.80%25.94% 0.83 5.15%31.45% 0.33 0.54%10.06% 1.10 6.00%14.93% 0.86 10.66%

Unlevered Beta corrected for cash1.440.920.821.291.661.110.450.760.841.301.050.961.241.471.050.991.111.390.861.031.091.090.360.300.381.451.171.401.311.330.490.560.771.120.851.470.981.451.251.29

0.881.460.831.051.410.901.311.211.111.180.600.821.100.661.561.541.010.321.501.050.721.450.881.071.101.211.070.520.581.001.210.731.940.961.121.151.180.911.081.651.51

1.101.041.140.580.661.602.011.371.271.371.000.530.780.791.090.870.331.170.96

Industry Group Country Broad Group Sub GroupBVL:ALICORC1 Food Processing Peru Emerging Markets

Company Name

Exchange:Ticker

Alicorp S.A.A. (BVL:ALICORC1)

Latin America & Caribbean

ERP for Country0.6895 0.7448 8.43% 6.28% 2.75% 2.75%

Bottom up Beta for sector

Bottom up levered beta

Cost of equity in US$

Total Default spread (Company + Country)

Pre-tax cost of debt in US $

1.93% 5.77% 14.43% 19.16% $2,768.60 $364.10

After-tax cost of debt in US $

Cost of capital in US$

ROE - Cost of Equity

ROIC - Cost of Capital

Market Cap (in US $)

Total Debt (in US $)

Cash Cash/ Firm Value$3,132.70 $43.40 $3,089.30 1.39% 0.00 31.71%

Firm Value (in US $)

Enterprise Value (in US $)

Liquidity Ratio (Daily trading volume/Shrs outs)

Book Debt to capital ratio

Beta11.62% 46.44% 13.15% $3.25 0.85 27.02%

Market Debt to capital ratio

Book Debt to Equity Ratio

Market Debt to Equity ratio

Stock price (Dec 31, 2012)in US$

Correlation with market

Interest coverCurrent PE Trailing PE Forward PE33.50% 0.17

16.32

22.60 21.17 20.31

Standard deviation in stock price

HiL0 Risk Measure (Hi- lo)/ (Hi+Lo)

PEG PBV PS EV/EBIT EV/EBITDANA 3.53 1.76 17.21 15.27 3.17

EV/Invested Capital

EV/Sales Payout ratio Dividend Yield1.96 47.78% 2.26% 0.346 0.228 0.0508

Historical growth in Net Income - Last 3 years

Historical growth in Net Income - Last 5 years

Historical growth in Revenues - Last 3 years

Return on Equity Net Profit Margin0.117 NA 10.70% 20.71% 24.93% 7.85%

Historical growth in Revenues - Last 5 years

Expected growth rate in EPS- Next 5 years

Expected growth in revenues - Next 2 years

Return on Capital (ROC or ROIC)

Effective Tax Rate Net Income10.78% 39.06% 45.64% $122.50 $130.80 $179.50

Pre-tax Operating Margin

% held by institutions

Trailing Net Income

Trailing Operating Income

Revenues Trailing Revenues EBITDA Trailing EBITDA EBIT (1-t)$1,576.80 $1,665.50 $202.30 $209.00 $109.38 -$116.50

Net Debt issued (Debt issue - repaid)

Net Cap Ex FCFF FCFE$0.00 $153.71 140.52% -$44.33 $93.59 $631.50

Change in non-cash Working capital

Reinvestment Rate

Book Value of Equity - 4 qtrs ago

Dividends$719.90 $784.00 $973.30 -$62.50

Invested Capital - 4 qtre ago

Current Book Value of Equity

Current Invested Capital

Ali Corp

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