Company  Sector  Country
ALPHAVALUE SEARCH
 
     
 
Forgotten password ? 		LOG IN

Charter

  CHTR LN

Misc. Capex Manufacturer, Engineerin...
 /  UK 
ESAB recovery is under way, boosted by BRICS
Updates
31/08/2010EPS change
Change in EPS2010 : p 67.1 vs 56.3+19.1 %
2011 : p 82.0 vs 67.7+21.2 %

We lower our tax rate in 2010 and 2011 and increase operating profit on ESAB, as recovery should be quicker than expected.
ESAB recovery is under way, boosted ...
31/07/2010Earnings/sales releases
Charter's H1 10 results underline the ...
23/02/2010Earnings/sales releases
Charter reported disappointing 2009 F...
05/11/2009Earnings/sales releases
Charter reported stable trading conditi...
30/07/2009Latest
Charter reported H1 09 figures on trac...
11/06/2009Latest
Charter has provided an update on op...
Summary Key Data
Updated :
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 7.67 14.0
Dividend yield (%) 3.00 4.01
EV/EBITDA (x) 5.96 7.88
AlphaValue EPS (p) 91.1 38.2
Dividend (p) 21.0 21.5
Sales (£M) 1,887 1,659
EBITDA (£M) 238 160
Attributable net profit (£M) 150 63.7
ROE (after tax) (%) 29.9 11.3
ROCE (%) 18.0 11.0
Gearing (%) -12.1 -9.35
Next Div. Firm 7.50 p payment
Target
Price (p) 672
Target Price (p)
Market Cap (£M) 1,121
Perf. 1W: 13.0 %
Perf. 1M: -1.03 %
Perf. 3M: -1.03 %
Perf Ytd: -6.99 %
Rating
  • Strong momentum corresponding to a continuous and overall positive moving average trend confirmed by volumes
  • Relatively good momentum corresponding to a positively-oriented moving average, but offset by an overbought pattern or lack of confirmation from volumes
  • Relatively unfavorable momentum with a neutral or negative moving average trend, but offset by an oversold pattern or lack of confirmation from volumes
  • Strongly negative momentum corresponding to a continuous and overall negative moving average trend confirmed by volumes
VALUE
TEST IT !
RISK
TEST IT !
GOVERNANCE
TEST IT !
RANKING
Best
Worst
Businesses & Trends
The company is involved in: 1) manufacturing welding, cutting and automation equipment (ESAB), representing 2/3rds of revenues ... Read More
Money Making
Nearly two thirds of adjusted operating profit should be generated by ESAB in 2010. The cyclical nature of this activity, correlate... Read More
Valuation
Our DCF valuation and NAV imply a reasonable upside on the stock depending on the speed of recovery on ESAB. We think of Ch... Read More
Analyst: Lionel Pellicer
Concepts
Business concepts
  • Labour intensive
Investment Concepts
  • Order book story
  • Green story
Story Trigger
  • Order intake shift
© 2010, AlphaValue All rights reserved. This publication is strictly for subscriber’s own, non-commercial, internal use. No part of it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.
About AlphaValue | Help / FAQ | Product | Ethical charter | Contact Us |Legal Mentions