1. 20.02.2013
Company Analysis - Overview
Ticker: CHK US Chesapeake Energy Corp Benchmark: Chesapeake Energy Corporation produces oil and natural gas. The Company's
Currency: New York: CHK, Currency: USD S&P 500 INDEX (SPX) operations are focused on discovering, developing and acquiring conventional and
unconventional natural gas reserves onshore in the United States.
Sector: Energy Industry: Oil, Gas & Consumable Fuels Year:
Telephone 1-405-848-8000 Revenue (M) 12'424 Business Segments in USD Sales (M) Geographic Segments in USD Sales (M)
Website www.chkenergy.com No of Employees 12'600 Oil and Natural Gas 6813 Unallocated Sales 1
Address 6100 North Western Avenue Oklahoma City, OK 73118 United States Gathering & Compression 5090
Share Price Performance in USD Oilfield Services 521
Price 20.60 1M Return 15.6%
52 Week High 25.61 6M Return 7.2%
52 Week Low 13.13 52 Wk Return -15.1%
52 Wk Beta 1.72 YTD Return 24.6%
Credit Ratings
Bloomberg IG10 4%
S&P BB- Date 15.05.2012 Outlook NEG
Moody's Ba3 Date 07.07.2005 Outlook NEG
Fitch BB- Date 18.05.2012 Outlook -
Valuation Ratios
12/08 12/09 12/10 12/11 12/12E 12/13E 12/14E 41%
P/E 4.6x 10.0x 8.8x 8.0x 42.4x 17.1x 10.6x 55%
EV/EBIT 6.4x 10.6x 9.7x 8.9x - - -
EV/EBITDA 4.0x 6.8x 6.6x 5.6x 10.3x 7.5x 6.0x
P/S 0.8x 1.9x 1.6x 1.1x 1.4x 1.3x 1.2x
P/B 0.6x 1.5x 1.4x 1.1x 1.1x 1.0x 0.9x
Div Yield 1.8% 1.2% 1.2% 1.5% 1.7% 1.6% 1.7% 100%
Profitability Ratios %
12/08 12/09 12/10 12/11 12/12E 12/13E 12/14E
Gross Margin 68.1 66.5 71.3 71.1 31.2 31.6 33.9 Oil and Natural Gas
EBITDA Margin 52.0 53.8 49.5 42.2 33.9 45.7 50.2
Operating Margin 32.2 34.3 33.4 26.7 -4.7 18.1 24.5
Gathering & Compression
Profit Margin 5.6 -70.3 17.7 14.0 2.4 8.7 13.0 Unallocated Sales
Return on Assets 1.7 -17.0 5.3 4.4 -1.1 3.1 4.3
Return on Equity 3.6 -42.6 14.4 12.2 1.1 6.2 11.5 Oilfield Services
Leverage and Coverage Ratios
12/08 12/09 12/10 12/11
Current Ratio 1.2 0.9 0.7 0.4 Current Capitalization in USD
Quick Ratio 0.8 0.6 0.5 0.4 Common Shares Outstanding (M) 660.9
EBIT/Interest 4.1 3.8 4.6 4.3 Market Capitalization (M) 13688.6
Tot Debt/Capital 0.4 0.5 0.5 0.4 Cash and ST Investments (M) 142.0
Tot Debt/Equity 0.8 1.0 0.8 0.6 Total Debt (M) 16218.0
Eff Tax Rate % 39.1 - 38.5 39.0 Preferred Equity (M) 3062.0
LT Investments in Affiliate Companies (M) 0.0
Investments (M) 2364.0
Enterprise Value (M) 35190.6
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

2. Company Analysis - Analysts Ratings
Chesapeake Energy Corp
Target price in USD
Broker Recommendation
Buy and Sell Recommendations vs Price and Target Price
Price
Brokers' Target Price
45 30
100% 6% 3% 3% 3% 3% 3%
8% 6% 6%
11% 11% 11%
40 25
80% 35 20
15
41% 41% 42% 49% 56%
56% 56% 60% 62% 30
63%
62% 62% 10
60%
25
5
20
40% 0
Brean Murray Carret & Co
BMO Capital Markets
Barclays
Simmons & Company
Canaccord Genuity Corp
RBC Capital Markets
FBR Capital Markets
Raymond James
Credit Agricole Securities
Alembic Global Advisors
Capital One Southcoast, Inc.
Global Hunter Securities
SunTrust Robinson Humphrey
Sanford C. Bernstein & Co
Credit Suisse
JPMorgan
Macquarie
Oppenheimer & Co
Stifel Nicolaus
Sterne, Agee & Leach
Argus Research Corp
EVA Dimensions
Tudor Pickering & Co
Johnson Rice & Co
Goldman Sachs
Deutsche Bank
Jefferies
Susquehanna Financial Group
Ladenburg Thalmann & Co
Robert W. Baird & Co
Howard Weil Inc
Wells Fargo Securities, LLC
Wunderlich Securities
15
49% 49% 47% 10
20% 43% 39% 41% 41% 37% 34% 35%
32% 32%
5
0% 0
févr.12 mars.12 avr.12 mai.12 juin.12 juil.12 août.12 sept.12 oct.12 nov.12 déc.12 janv.13
Buy Hold Sell Price Target Price
Date Buy Hold Sell Date Price Target Price Broker Analyst Recommendation Target Date
31-Jan-13 35% 62% 3% 20-Feb-13 20.58 22.88 Sanford C. Bernstein & Co BOB BRACKETT market perform 22.00 20-Feb-13
31-Dec-12 32% 62% 6% 19-Feb-13 20.36 22.88 Jefferies BIJU Z PERINCHERIL buy 26.00 19-Feb-13
30-Nov-12 32% 62% 6% 18-Feb-13 20.01 22.88 Stifel Nicolaus AMIR ARIF buy 25.00 15-Feb-13
31-Oct-12 34% 63% 3% 15-Feb-13 20.01 22.88 Barclays JEFFREY W ROBERTSON equalweight 24.00 15-Feb-13
28-Sep-12 37% 60% 3% 14-Feb-13 20.40 22.88 Brean Murray Carret & Co RAYMOND DEACON hold 13-Feb-13
31-Aug-12 41% 56% 3% 13-Feb-13 20.57 22.88 SunTrust Robinson Humphrey NEAL DINGMANN neutral 19.00 11-Feb-13
31-Jul-12 41% 56% 3% 12-Feb-13 20.01 22.88 BMO Capital Markets DAN MCSPIRIT market perform 22.00 4-Feb-13
29-Jun-12 39% 56% 6% 11-Feb-13 20.05 22.83 Raymond James JOHN FREEMAN market perform 4-Feb-13
31-May-12 43% 49% 8% 8-Feb-13 20.23 22.83 Simmons & Company International DAVID W KISTLER neutral 28.00 4-Feb-13
30-Apr-12 47% 42% 11% 7-Feb-13 20.23 22.83 Alembic Global Advisors JAMES J SULLIVAN neutral 19.00 4-Feb-13
30-Mar-12 49% 41% 11% 6-Feb-13 20.51 22.83 Canaccord Genuity Corp JOHN J GERDES buy 28.00 31-Jan-13
29-Feb-12 49% 41% 11% 5-Feb-13 20.54 22.83 Susquehanna Financial Group DUANE GRUBERT neutral 18.00 31-Jan-13
4-Feb-13 20.11 22.83 Argus Research Corp PHILIP H WEISS hold 30-Jan-13
1-Feb-13 20.33 22.88 Howard Weil Inc PETER KISSEL sector outperform 23.00 30-Jan-13
31-Jan-13 20.18 22.88 Capital One Southcoast, Inc. MARSHALL H CARVER VI add 26.00 30-Jan-13
30-Jan-13 20.11 22.88 Sterne, Agee & Leach TIM A REZVAN neutral 30-Jan-13
29-Jan-13 18.97 22.78 Wunderlich Securities JASON A WANGLER buy 25.00 30-Jan-13
28-Jan-13 18.93 22.78 Wells Fargo Securities, LLC DAVID R TAMERON market perform 30-Jan-13
25-Jan-13 19.36 22.78 RBC Capital Markets SCOTT HANOLD sector perform 21.00 29-Jan-13
24-Jan-13 18.77 22.78 Credit Agricole Securities (USA) JEB S ARMSTRONG buy 27.00 29-Jan-13
23-Jan-13 18.50 22.78 Global Hunter Securities MICHAEL KELLY buy 22.00 29-Jan-13
22-Jan-13 18.73 22.78 Johnson Rice & Co CHARLES MEADE overweight 28-Jan-13
21-Jan-13 17.82 22.78 Robert W. Baird & Co MICHAEL A HALL neutral 24.00 18-Jan-13
18-Jan-13 17.82 22.78 Credit Suisse ARUN JAYARAM neutral 22.00 17-Jan-13
17-Jan-13 17.55 22.83 Oppenheimer & Co FADEL GHEIT outperform 24.00 17-Jan-13
16-Jan-13 17.31 22.77 EVA Dimensions CRAIG STERLING underweight 15-Jan-13
15-Jan-13 17.37 22.77 Deutsche Bank STEPHEN RICHARDSON hold 20.00 14-Jan-13
14-Jan-13 16.94 22.77 JPMorgan JOSEPH D ALLMAN overweight 20.00 14-Jan-13
11-Jan-13 16.87 23.00 Ladenburg Thalmann & Co MICHAEL SCHMITZ neutral 20.00 14-Jan-13
10-Jan-13 16.64 23.00 Macquarie JOSEPH MAGNER neutral 19.00 7-Jan-13
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

3. 20.02.2013
Chesapeake Energy Corp
Company Analysis - Ownership
Ownership Type
Ownership Statistics Geographic Ownership Distribution Geographic Ownership
2%
Shares Outstanding (M) 660.9 16% United States 82.54%
1% 1% 4%
Float 89.4% Britain 4.80% 2%
Short Interest (M) 77.2 Bahamas 2.45% 2%
2%
Short Interest as % of Float 13.06% Canada 2.13%
Days to Cover Shorts 3.83 Unknown Country 1.93% 5%
Institutional Ownership 82.45% Germany 1.27%
Retail Ownership 15.92% Japan 1.25%
Insider Ownership 1.62% Others 3.64%
82% Institutional Ownership Distribution 83%
Investment Advisor 77.68%
Hedge Fund Manager 14.57%
Pension Fund (Erisa) 2.84%
United States Britain Bahamas
Institutional Ownership Retail Ownership Insider Ownership Individual 1.93%
Canada Unknown Country Germany
Pricing data is in USD Others 2.99% Japan Others
Top 20 Owners: TOP 20 ALL
Institutional Ownership
Holder Name Position Position Change Market Value % of Ownership Report Date Source Country
SOUTHEASTERN ASSET M 85'481'331 -4'237'700 1'760'488'012 12.86% 31.12.2012 13F UNITED STATES 2% 3%
ICAHN ASSOCIATES COR 59'698'689 9'613'487 1'229'494'500 8.98% 31.12.2012 13F UNITED STATES 3%
ICAHN ASSOCIATES COR 59'698'689 0 1'229'494'500 8.98% 31.12.2012 Research UNITED STATES
FRANKLIN RESOURCES 34'252'412 7'174'601 705'428'425 5.15% 31.12.2012 ULT-AGG UNITED STATES
15%
BLACKROCK 29'102'143 -2'986'790 599'358'635 4.38% 31.12.2012 ULT-AGG UNITED STATES
VANGUARD GROUP INC 25'656'221 747'083 528'389'871 3.86% 31.12.2012 13F UNITED STATES
STATE STREET 24'670'203 242'007 508'082'831 3.71% 19.02.2013 ULT-AGG UNITED STATES
WELLINGTON MANAGEMEN 23'781'033 3'174'148 489'770'375 3.58% 31.12.2012 13F UNITED STATES
BANK OF AMERICA CORP 16'076'279 5'022'300 331'090'966 2.42% 31.12.2012 13F UNITED STATES 77%
BRANDES INVESTMENT P 12'740'892 -830'057 262'398'671 1.92% 31.12.2012 13F UNITED STATES
OLDFIELD PARTNERS LL 9'140'400 384'100 188'246'538 1.38% 31.12.2012 13F BRITAIN
NORTHERN TRUST CORPO 7'250'423 -6'964 149'322'462 1.09% 31.12.2012 13F UNITED STATES
SUSQUEHANNA INTERNAT 6'976'795 2'846'012 143'687'093 1.05% 31.12.2012 13F UNITED STATES
BANK OF NEW YORK MEL 6'794'499 937'512 139'932'707 1.02% 31.12.2012 13F UNITED STATES Investment Advisor Hedge Fund Manager Pension Fund (Erisa)
Individual Others
DIMENSIONAL FUND ADV 6'205'209 567'637 127'796'279 0.93% 31.12.2012 13F UNITED STATES
MACKENZIE FINANCIAL 5'057'882 -4'008'545 104'167'080 0.76% 31.12.2012 13F CANADA
CORTLAND ADVISERS LL 4'868'900 4'868'900 100'274'996 0.73% 31.12.2012 13F UNITED STATES
MORGAN STANLEY 4'837'769 10'445 99'633'853 0.73% 31.12.2012 ULT-AGG UNITED STATES
DEUTSCHE BANK AG 4'500'499 -484'943 92'687'777 0.68% 31.12.2012 13F GERMANY
FMR LLC 4'092'438 -2'266'979 84'283'761 0.62% 31.12.2012 ULT-AGG UNITED STATES
Top 5 Insiders:
Holder Name Position Position Change Market Value % of Ownership Report Date Source
MCCLENDON AUBREY K 3'183'188 177'915 65'557'757 0.48% 29.01.2013 Form 4
DIXON STEVEN C 1'201'014 88'960 24'734'883 0.18% 29.01.2013 Form 4
JACOBSON DOUGLAS J 972'304 69'190 20'024'601 0.15% 29.01.2013 Form 4
HOOD HENRY J 704'429 14'507'715 0.11% 01.10.2012 Form 4
SIMPSON LOUIS A 542'098 3'997 11'164'508 0.08% 13.12.2012 Form 4
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4. Company Analysis - Financials I/IV
Chesapeake Energy Corp
Financial information is in USD (M) Equivalent Estimates
Periodicity: Fiscal Year 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12E 12/13E 12/14E
Income Statement
Revenue 969 739 1'717 2'709 4'624 6'830 8'174 10'832 8'290 10'023 12'424 10'027 10'208 11'670
- Cost of Goods Sold 426 529 1'012 816 1'470 2'197 2'939 3'460 2'780 2'872 3'590
Gross Income 543 209 705 1'893 3'154 4'633 5'235 7'372 5'510 7'151 8'834 3'129 3'230 3'958
- Selling, General & Admin Expenses 23 18 24 896 1'422 1'661 2'212 3'882 2'665 3'805 5'515
(Research & Dev Costs)
Operating Income 520 192 682 997 1'732 2'972 3'023 3'490 2'845 3'346 3'319 -468 1'847 2'858
- Interest Expense 98 112 154 167 220 301 406 271 113 19 44
- Foreign Exchange Losses (Gains) 0 0 0 0 0 0 0 0 0 0 0
- Net Non-Operating Losses (Gains) -16 12 26 25 19 -584 276 2'228 12'020 443 395
Pretax Income 438 67 501 805 1'493 3'255 2'341 991 -9'288 2'884 2'880 -290 1'830 2'792
- Income Tax Expense 175 27 190 290 545 1'252 890 387 -3'483 1'110 1'123
Income Before XO Items 263 40 311 515 948 2'003 1'451 604 -5'805 1'774 1'757
- Extraordinary Loss Net of Tax 46 0 -2 0 0 0 0 0 0 0 0
- Minority Interests 0 0 0 0 0 0 0 0 25 0 15
Diluted EPS Before XO Items 1.51 0.17 1.20 1.53 2.51 4.35 2.62 0.93 (9.57) 2.51 2.32
Net Income Adjusted* 201 95 304 458 924 2'291 1'657 1'999 1'608 1'971 1'936 238 886 1'518
EPS Adjusted 1.16 0.55 1.26 1.60 2.63 3.61 3.21 3.55 2.58 2.95 2.80 0.49 1.21 1.95
Dividends Per Share 0.00 0.06 0.14 0.17 0.20 0.23 0.26 0.29 0.30 0.30 0.34 0.34 0.34 0.34
Payout Ratio % 0.0 35.4 10.1 10.3 7.1 4.8 9.7 31.1 11.4 13.7 0.70 0.28 0.18
Total Shares Outstanding 165 190 217 312 370 457 511 648 648 655 661
Diluted Shares Outstanding 174 173 259 306 367 459 487 545 612 706 752
EBITDA 698 427 1'068 1'602 2'668 4'422 4'994 5'634 4'460 4'960 5'242 3'398 4'670 5'856
*Net income excludes extraordinary gains and losses and one-time charges.
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

5. Company Analysis - Financials II/IV
Periodicity: 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12E 12/13E 12/14E
Balance Sheet
Total Current Assets 361.383 435.317 342.404 567.54 1183.397 1153.869 1396 4292 2446 3266 3177
+ Cash & Near Cash Items 118 248 41 7 60 3 1 1'749 307 102 351
+ Short Term Investments 0 0 0 0 0 0 0 0 0 0 0
+ Accounts & Notes Receivable 51 109 174 347 615 845 1'074 1'324 1'325 1'974 2'505
+ Inventories 11 15 19 32 87 82 87 58 25 0 0
+ Other Current Assets 182 63 109 181 421 225 234 1'161 789 1'190 321
Total Long-Term Assets 1'925 2'440 4'230 7'677 14'935 23'263 29'338 34'301 27'468 33'913 38'658
+ Long Term Investments 0 0 0 93 159 699 612 444 404 1'208 1'531
Gross Fixed Assets 3'728 4'561 6'675 10'587 18'486 27'396 35'744 45'670 51'763 58'692 65'029
Accumulated Depreciation 1'942 2'172 2'542 3'143 4'074 5'492 7'407 12'362 25'053 26'314 28'290
+ Net Fixed Assets 1'786 2'390 4'133 7'444 14'412 21'904 28'337 33'308 26'710 32'378 36'739
+ Other Long Term Assets 140 50 97 140 364 660 389 549 354 327 388
Total Current Liabilities 173 266 513 964 1'964 1'890 2'761 3'621 2'688 4'490 7'082
+ Accounts Payable 80 86 164 367 517 860 1'262 1'611 957 2'069 3'311
+ Short Term Borrowings 1 0 0 0 0 0 0 0 0 0 0
+ Other Short Term Liabilities 93 180 349 597 1'447 1'030 1'499 2'010 1'731 2'421 3'771
Total Long Term Liabilities 1'346 1'702 2'326 4'118 7'980 11'276 15'843 17'955 14'885 17'425 16'792
+ Long Term Borrowings 1'329 1'651 2'058 3'075 5'490 7'376 10'950 13'175 12'295 12'640 10'626
+ Other Long Term Borrowings 17 51 269 1'043 2'490 3'900 4'893 4'780 2'590 4'785 6'166
Total Liabilities 1'519 1'968 2'839 5'082 9'944 13'166 18'604 21'576 17'573 21'915 23'874
+ Long Preferred Equity 150 150 552 491 1'577 1'958 960 505 466 3'065 3'062
+ Minority Interest 0 0 0 0 0 0 0 0 897 0 1'337
+ Share Capital & APIC 1'037 1'208 1'391 2'443 3'807 5'878 7'037 11'686 12'152 12'201 12'153
+ Retained Earnings & Other Equity -419 -450 -211 229 791 3'416 4'133 4'826 -1'174 -2 1'409
Total Shareholders Equity 767 908 1'733 3'163 6'174 11'251 12'130 17'017 12'341 15'264 17'961
Total Liabilities & Equity 2'287 2'876 4'572 8'245 16'118 24'417 30'734 38'593 29'914 37'179 41'835
Book Value Per Share 3.75 3.99 5.45 8.57 12.42 20.32 21.85 25.49 16.95 18.62 20.52 19.24 20.16 21.78
Tangible Book Value Per Share 3.75 3.99 5.45 8.57 12.42 20.32 21.85 25.49 16.95 18.62 20.52
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

6. Company Analysis - Financials III/IV
Periodicity: 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12E 12/13E 12/14E
Cash Flows
Net Income 217 40 313 515 948 2'003 1'451 604 -5'830 1'774 1'742 -1'060 847 1'202
+ Depreciation & Amortization 178 235 386 606 936 1'449 1'971 2'144 1'615 1'614 1'923
+ Other Non-Cash Adjustments 124 137 205 376 702 518 1'311 2'555 8'707 1'160 1'644
+ Changes in Non-Cash Capital 35 20 42 -64 -180 873 199 54 -136 569 594
Cash From Operating Activities 554 433 946 1'432 2'407 4'843 4'932 5'357 4'356 5'117 5'903
+ Disposal of Fixed Assets 5 7 28 0 10 244 369 64 1'626 4'292 8'963
+ Capital Expenditures -460 -769 -2'061 -3'341 -6'782 -8'726 -9'705 -17'770 -7'524 -13'513 -14'450 -10'872 -6'812 -7'328
+ Increase in Investments 0 0 0 0 -135 -555 -8 0 -40 -134 0
+ Decrease in Investments 0 0 0 0 0 0 0 0 0 0
+ Other Investing Activities -215 -17 -44 -40 -15 94 1'422 7'741 476 852 -325
Cash From Investing Activities -670 -780 -2'077 -3'381 -6'921 -8'942 -7'922 -9'965 -5'462 -8'503 -5'812
+ Dividends Paid -1 -15 -48 -80 -92 -175 -210 -183 -204 -281 -379
+ Change in Short Term Borrowings 0 0 26 0 61 70 -98 330 -2'246 1'834 -1'604
+ Increase in Long Term Borrowings 1'462 699 1'223 3'326 8'607 10'125 9'539 15'427 1'491 1'967 1'614
+ Decrease in Long Term Borrowings -1'365 -360 -851 -2'101 -5'765 -8'264 -6'160 -11'307 0 -3'434 -2'015
+ Increase in Capital Stocks 148 164 577 941 2'349 2'477 35 2'650 4 2'562 0
+ Decrease in Capital Stocks -0 0 -2 0 -4 -86 -5 -7 0 0
+ Other Financing Activities -10 -11 -0 -171 -588 -105 -118 -556 626 533 2'542
Cash From Financing Activities 234 477 925 1'915 4'568 4'042 2'988 6'356 -336 3'181 158
Net Changes in Cash 118 130 -207 -34 53 -58 -2 1'748 -1'442 -205 249
Free Cash Flow (CFO-CAPEX) 94 -336 -1'116 -1'909 -4'375 -3'882 -4'773 -12'413 -3'168 -8'396 -8'547 -7'959 -3'323 -2'988
Free Cash Flow To Firm 153 -269 -1'020 -1'802 -4'235 -3'697 -4'521 -12'248 -8'384 -8'520
Free Cash Flow To Equity 312 -1 -309 -785 -418 -1'415 -2'215 -8'387 -2'359 -1'249 -1'764
Free Cash Flow per Share 0.58 -2.02 -5.28 -7.54 -13.58 -9.74 -10.47 -23.16 -5.18 -13.31 -13.42
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7. Company Analysis - Financials IV/IV
Periodicity: 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12E 12/13E 12/14E
Ratio Analysis
Valuation Ratios
Price Earnings 5.7x 14.1x 10.8x 10.3x 12.3x 8.0x 12.9x 4.6x 10.0x 8.8x 8.0x 42.5x 17.1x 10.6x
EV to EBIT 4.7x 15.8x 8.1x 8.7x 10.8x 7.6x 10.6x 6.4x 10.6x 9.7x 8.9x
EV to EBITDA 3.5x 7.1x 5.2x 5.4x 7.0x 5.1x 6.4x 4.0x 6.8x 6.6x 5.6x 10.3x 7.5x 6.0x
Price to Sales 1.1x 1.7x 1.7x 1.5x 2.2x 1.7x 2.2x 0.8x 1.9x 1.6x 1.1x 1.4x 1.3x 1.2x
Price to Book 1.8x 1.9x 2.5x 1.9x 2.6x 1.4x 1.8x 0.6x 1.5x 1.4x 1.1x 1.1x 1.0x 0.9x
Dividend Yield 0.0% 0.8% 1.0% 1.0% 0.6% 0.8% 0.7% 1.8% 1.2% 1.2% 1.5% 1.7% 1.6% 1.7%
Profitability Ratios
Gross Margin 56.1% 28.3% 41.1% 69.9% 68.2% 67.8% 64.0% 68.1% 66.5% 71.3% 71.1% 31.2% 31.6% 33.9%
EBITDA Margin 72.0% 57.8% 62.2% 59.1% 57.7% 64.7% 61.1% 52.0% 53.8% 49.5% 42.2% 33.9% 45.7% 50.2%
Operating Margin 53.7% 26.0% 39.7% 36.8% 37.5% 43.5% 37.0% 32.2% 34.3% 33.4% 26.7% -4.7% 18.1% 24.5%
Profit Margin 22.4% 5.5% 18.2% 19.0% 20.5% 29.3% 17.8% 5.6% -70.3% 17.7% 14.0% 2.4% 8.7% 13.0%
Return on Assets 11.7% 1.6% 8.4% 8.0% 7.8% 9.9% 5.3% 1.7% -17.0% 5.3% 4.4% -1.1% 3.1% 4.3%
Return on Equity 47.9% 4.4% 30.0% 22.8% 24.2% 27.4% 12.0% 3.6% -42.6% 14.4% 12.2% 1.1% 6.2% 11.5%
Leverage & Coverage Ratios
Current Ratio 2.08 1.64 0.67 0.59 0.60 0.61 0.51 1.19 0.91 0.73 0.45
Quick Ratio 0.98 1.34 0.42 0.37 0.34 0.45 0.39 0.85 0.61 0.46 0.40
Interest Coverage Ratio (EBIT/I) 5.05 1.64 4.07 4.90 5.80 6.19 4.48 4.08 3.81 4.55 4.28
Tot Debt/Capital 0.63 0.65 0.54 0.49 0.47 0.40 0.47 0.44 0.50 0.45 0.37
Tot Debt/Equity 1.73 1.82 1.19 0.97 0.89 0.66 0.90 0.77 1.00 0.83 0.59
Others
Asset Turnover 0.52 0.29 0.46 0.42 0.38 0.34 0.30 0.31 0.24 0.30 0.31
Accounts Receivable Turnover 13.05 9.19 12.14 10.40 9.61 9.35 8.52 9.03 6.26 6.08 5.55
Accounts Payable Turnover 6.06 6.44 8.12 3.12 3.45 3.18 2.78 2.39 2.14 1.88 1.33
Inventory Turnover 61.71 40.73 58.47 31.75 24.66 26.06 34.88 47.72 66.99 229.76
Effective Tax Rate 39.9% 40.0% 38.0% 36.0% 36.5% 38.5% 38.0% 39.1% 38.5% 39.0%
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