| This report should not be construed as providing investment
advice. It is for educational purposes only.
Before making any investment decision, you should always do your own
research or consult a investment professional. |
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| While I try to
be accurate, I assume no responsibility for any figure in this spreadsheet. |
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3/31/11 |
<-Q1 2011 |
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| See my website
on stocks or see my blog at the following sites. |
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www.spbrunner.com/stocks.html |
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www.spbrunner.blogspot.com/ |
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| ATCO Ltd |
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ACO.X-TSE |
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www.atco.com |
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Fiscal Yr: |
Dec 31 |
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Yr 2011 |
Yr 2012 |
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| Year |
12/31/99 |
12/31/00 |
12/31/01 |
12/31/02 |
12/31/03 |
12/31/04 |
12/31/05 |
12/31/06 |
12/31/07 |
12/31/08 |
12/31/09 |
12/31/10 |
12/31/11 |
12/30/12 |
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#Y |
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| Accting Rules |
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C GAAP |
C GAAP |
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| Split |
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2 |
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| Revenue* |
$2,374.8 |
$3,076.0 |
$3,767.8 |
$3,196.3 |
$3,929.7 |
$3,349.1 |
$2,859.6 |
$2,860.9 |
$2,901.8 |
$3,265.6 |
$3,108.9 |
$3,445.4 |
$3,726.0 |
$3,854.0 |
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12.01% |
<-Total Growth |
10 |
Revenue |
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| Increase |
14.65% |
29.53% |
22.49% |
-15.17% |
22.95% |
-14.77% |
-14.62% |
0.05% |
1.43% |
12.54% |
-4.80% |
10.82% |
8.14% |
3.44% |
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1.14% |
<-IRR #YR-> |
10 |
Revenue |
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| Rev per Share |
$39.86 |
$51.75 |
$63.36 |
$53.60 |
$65.94 |
$56.01 |
$47.72 |
$48.94 |
$50.20 |
$56.52 |
$53.40 |
$59.48 |
$64.46 |
$66.68 |
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3.80% |
<-IRR #YR-> |
5 |
Revenue |
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| Increase |
15.63% |
29.83% |
22.44% |
-15.41% |
23.03% |
-15.06% |
-14.80% |
2.56% |
2.57% |
12.58% |
-5.52% |
11.39% |
8.38% |
3.44% |
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1.40% |
<-IRR #YR-> |
10 |
Rev Per share |
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| P/S (Price/Sales) |
0.43 |
0.45 |
0.37 |
0.40 |
0.36 |
0.52 |
0.83 |
1.03 |
1.10 |
0.67 |
0.86 |
0.99 |
0.97 |
0.93 |
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4.50% |
<-IRR #YR-> |
5 |
Rev Per share |
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| *Revenue in M
CDN $ |
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P/S |
10 yr |
0.60 |
5 yr |
0.86 |
0.93 |
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-$3,076 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$3,445 |
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-$2,860 |
$0 |
$0 |
$0 |
$0 |
$3,445 |
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-$51.75 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$59.48 |
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-$47.72 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$59.48 |
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| pre split '05 |
$3.32 |
$3.75 |
$4.12 |
$5.39 |
$4.33 |
$5.29 |
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| EPS* |
$1.66 |
$1.88 |
$2.06 |
$2.70 |
$2.17 |
$2.65 |
$2.46 |
$3.45 |
$4.26 |
$4.66 |
$4.88 |
$5.02 |
$5.36 |
$5.70 |
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167.73% |
<-Total Growth |
10 |
Earnings |
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| Increase |
12.16% |
12.95% |
9.87% |
30.83% |
-19.67% |
22.17% |
-6.99% |
40.24% |
23.48% |
9.39% |
4.72% |
2.87% |
6.77% |
6.34% |
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10.35% |
<-IRR #YR-> |
10 |
Earnings |
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| * ESP per
share (Cdn GAAP) |
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15.33% |
<-IRR #YR-> |
5 |
Earnings |
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-$1.88 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.02 |
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-$2.46 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.02 |
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| pre split '05 |
$0.80 |
$0.92 |
$1.04 |
$1.16 |
$1.28 |
$1.40 |
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| Div* |
$0.40 |
$0.46 |
$0.52 |
$0.58 |
$0.64 |
$0.70 |
$0.76 |
$0.82 |
$0.88 |
$0.94 |
$1.00 |
$1.06 |
$1.14 |
$1.14 |
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130.43% |
<-Total Growth |
10 |
Dividends |
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| Increase |
17.65% |
15.00% |
13.04% |
11.54% |
10.34% |
9.37% |
8.57% |
7.89% |
7.32% |
6.82% |
6.38% |
6.00% |
7.55% |
0.00% |
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8.23% |
<-Median-> |
10 |
Dividends |
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| Yield H/L |
2.08% |
2.46% |
2.16% |
2.33% |
2.82% |
2.67% |
2.14% |
1.93% |
1.62% |
2.12% |
2.52% |
2.01% |
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2.15% |
<-Median-> |
10 |
Dividends |
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| Yield on High |
1.84% |
1.98% |
1.98% |
2.13% |
2.58% |
2.39% |
1.79% |
1.63% |
1.37% |
1.72% |
2.17% |
1.75% |
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1.89% |
<-Median-> |
10 |
Dividends |
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| Yield on Low |
2.39% |
3.24% |
2.36% |
2.58% |
3.10% |
3.02% |
2.67% |
2.38% |
1.99% |
2.76% |
3.01% |
2.36% |
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2.62% |
<-Median-> |
10 |
Dividends |
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| Yield on Cl |
2.36% |
1.98% |
2.22% |
2.70% |
2.71% |
2.39% |
1.91% |
1.63% |
1.59% |
2.47% |
2.17% |
1.79% |
1.83% |
1.83% |
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2.20% |
<-Median-> |
10 |
Dividends |
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| Payout Ratio |
24.1% |
24.5% |
25.2% |
21.5% |
29.6% |
26.5% |
30.9% |
23.8% |
20.7% |
20.2% |
20.5% |
21.1% |
21.3% |
20.0% |
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23.99% |
<-Average |
10 |
Payout |
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| Payout Ratio CF |
5.2% |
7.3% |
3.9% |
9.4% |
7.4% |
6.0% |
5.5% |
6.5% |
6.2% |
5.9% |
6.6% |
6.5% |
7.0% |
7.9% |
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6.40% |
<-Average |
10 |
Payout |
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| Average 5 Yrs |
Div Yd |
2.54% |
5 |
3.53% |
10 |
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Yield |
2.01% |
1.79% |
Payout |
20.66% |
6.52% |
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8.71% |
<-IRR #YR-> |
10 |
Dividends |
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| * Dividends per share |
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6.8% |
Years |
6.8% |
Years |
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Last Div Inc ---> |
$0.27 |
$0.29 |
7.5% |
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6.88% |
<-IRR #YR-> |
5 |
Dividends |
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-$0.46 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.06 |
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-$0.76 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.06 |
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| H/LYield held 5 yrs |
5.10% |
5.66% |
5.00% |
4.09% |
3.72% |
3.64% |
4.06% |
3.40% |
3.54% |
4.14% |
3.81% |
2.99% |
2.69% |
2.10% |
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3.76% |
<-Median-> |
10 |
Dividends |
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| H/LYield held
10 yrs |
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9.14% |
8.92% |
9.35% |
7.88% |
6.20% |
5.46% |
5.19% |
5.67% |
4.73% |
4.58% |
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7.04% |
<-Median-> |
8 |
Dividends |
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| H/LYield held
105yrs |
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13.43% |
12.75% |
13.05% |
#REF! |
#REF! |
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13.05% |
<-Median-> |
3 |
Dividends |
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| Graham No. |
$21.60 |
$24.16 |
$26.66 |
$32.57 |
$30.42 |
$35.20 |
$35.07 |
$43.61 |
$51.08 |
$56.70 |
$61.56 |
$65.70 |
$65.42 |
$67.46 |
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Cl Pr higher/lower by? |
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| Prem/Disc High |
0.70% |
-3.96% |
-1.52% |
-16.33% |
-18.51% |
-16.89% |
21.06% |
15.55% |
25.75% |
-3.62% |
-25.00% |
-7.95% |
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-5.79% |
<-Median-> |
10 |
Graham Price |
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| Prem/Disc Low |
-22.45% |
-41.22% |
-17.47% |
-30.91% |
-32.11% |
-34.10% |
-18.72% |
-20.89% |
-13.48% |
-40.04% |
-45.97% |
-31.72% |
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-31.32% |
<-Median-> |
10 |
Graham Price |
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| Prem/Disc Cl |
-27.43% |
-4.13% |
-14.04% |
-51.48% |
-28.69% |
-20.33% |
11.90% |
13.21% |
7.49% |
-49.22% |
-33.34% |
-11.08% |
-5.00% |
-8.28% |
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-17.18% |
<-Median-> |
10 |
Graham Price |
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| pre split '05 |
$33.90 |
$46.40 |
$46.75 |
$43.00 |
$47.27 |
$58.50 |
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| Price Cl |
$16.95 |
$23.20 |
$23.38 |
$21.50 |
$23.64 |
$29.25 |
$39.80 |
$50.25 |
$55.21 |
$38.00 |
$46.17 |
$59.15 |
$62.30 |
$62.30 |
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154.96% |
<-Total Growth |
10 |
Stock Prices |
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| Increase |
-11.37% |
36.87% |
0.75% |
-8.02% |
9.93% |
23.76% |
36.07% |
26.26% |
9.87% |
-31.17% |
21.50% |
28.11% |
5.33% |
0.00% |
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9.81% |
<-IRR #YR-> |
10 |
Stock Prices |
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| P/E |
10.21 |
12.37 |
11.35 |
7.98 |
10.92 |
11.06 |
16.18 |
14.57 |
12.96 |
8.15 |
9.46 |
11.78 |
11.62 |
10.93 |
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8.25% |
<-IRR #YR-> |
5 |
Stock Prices |
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| Trailing P/E |
11.45 |
13.98 |
12.47 |
10.44 |
8.77 |
13.51 |
15.05 |
20.43 |
16.00 |
8.92 |
9.91 |
12.12 |
12.41 |
11.62 |
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12.00% |
<-IRR #YR-> |
10 |
Price & Div |
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| Median 5 Yrs |
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2.01% |
2.19% |
Div % |
5, 10 yrs |
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Price Inc |
21.50% |
P/E: Y-T |
11.78 |
12.12 |
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10.26% |
<-IRR #YR-> |
5 |
Price & Div |
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-$23.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$59.15 |
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-$39.80 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$59.15 |
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-$23.20 |
$0.52 |
$0.58 |
$0.64 |
$0.70 |
$0.76 |
$0.82 |
$0.88 |
$0.94 |
$1.00 |
$60.21 |
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|
-$39.80 |
$0.82 |
$0.88 |
$0.94 |
$1.00 |
$60.21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Ave H/L |
$19.25 |
$18.70 |
$24.13 |
$24.88 |
$22.72 |
$26.22 |
$35.48 |
$42.45 |
$54.21 |
$44.33 |
$39.72 |
$52.67 |
|
|
|
181.66% |
<-Total Growth |
10 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
11.76% |
-2.86% |
29.01% |
3.11% |
-8.67% |
15.43% |
35.28% |
19.65% |
27.72% |
-18.23% |
-10.40% |
32.62% |
|
|
|
10.91% |
<-IRR #YR-> |
10 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
11.60 |
9.97 |
11.71 |
9.23 |
10.49 |
9.91 |
14.42 |
12.30 |
12.73 |
9.51 |
8.14 |
10.49 |
|
|
|
8.23% |
<-IRR #YR-> |
5 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
13.01 |
11.27 |
12.87 |
12.08 |
8.43 |
12.11 |
13.41 |
17.25 |
15.71 |
10.40 |
8.52 |
10.79 |
|
|
|
13.52% |
<-IRR #YR-> |
10 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
| Median 5 Yrs |
|
|
2.25% |
2.61% |
Div % |
5, 10 yrs |
|
Price Inc |
19.65% |
P/E: Y-T |
10.49 |
10.79 |
|
|
|
10.48% |
<-IRR #YR-> |
5 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$18.70 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$52.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$35.48 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$52.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$18.70 |
$0.52 |
$0.58 |
$0.64 |
$0.70 |
$0.76 |
$0.82 |
$0.88 |
$0.94 |
$1.00 |
$53.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$35.48 |
$0.82 |
$0.88 |
$0.94 |
$1.00 |
$53.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hi Mths |
Jun-Aug |
Dec |
Mar-May |
Mar-Jun |
Jul(Dec) |
Dec(Mar) |
Sep |
Dec |
Nov |
Jan |
Dec |
Dec |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre split '05 |
$43.50 |
$46.40 |
$52.50 |
$54.50 |
$49.57 |
$58.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Hi |
$21.75 |
$23.20 |
$26.25 |
$27.25 |
$24.79 |
$29.25 |
$42.45 |
$50.39 |
$64.23 |
$54.65 |
$46.17 |
$60.48 |
|
|
|
160.69% |
<-Total Growth |
10 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
12.99% |
6.67% |
13.15% |
3.81% |
-9.05% |
18.01% |
45.13% |
18.70% |
27.47% |
-14.92% |
-15.52% |
30.99% |
|
|
|
10.06% |
<-IRR #YR-> |
10 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
13.10 |
12.37 |
12.74 |
10.11 |
11.45 |
11.06 |
17.26 |
14.61 |
15.08 |
11.73 |
9.46 |
12.05 |
|
|
|
7.34% |
<-IRR #YR-> |
5 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
14.70 |
13.98 |
14.00 |
13.23 |
9.20 |
13.51 |
16.05 |
20.48 |
18.62 |
12.83 |
9.91 |
12.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
18.70% |
P/E: Y-T |
12.05 |
12.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$23.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$60.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$42.45 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$60.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Low Mths |
Dec |
Mar-May |
Jul-Dec |
Oct |
Mar-May |
May-Jul |
Jan |
May |
Mar |
Oct |
Feb |
Feb |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre split '05 |
$33.50 |
$28.40 |
$44.00 |
$45.00 |
$41.30 |
$46.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Low |
$16.75 |
$14.20 |
$22.00 |
$22.50 |
$20.65 |
$23.20 |
$28.50 |
$34.50 |
$44.19 |
$34.00 |
$33.26 |
$44.86 |
|
|
|
215.92% |
<-Total Growth |
10 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
10.20% |
-15.22% |
54.93% |
2.27% |
-8.22% |
12.32% |
22.87% |
21.05% |
28.09% |
-23.06% |
-2.18% |
34.88% |
|
|
|
12.19% |
<-IRR #YR-> |
10 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
10.09 |
7.57 |
10.68 |
8.35 |
9.54 |
8.77 |
11.59 |
10.00 |
10.37 |
7.30 |
6.82 |
8.94 |
|
|
|
9.50% |
<-IRR #YR-> |
5 |
Stock Prices |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
11.32 |
8.55 |
11.73 |
10.92 |
7.66 |
10.71 |
10.78 |
14.02 |
12.81 |
7.98 |
7.14 |
9.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
21.05% |
P/E: Y-T |
8.94 |
9.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$14.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$44.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$28.50 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$44.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Cap |
$1,010 |
$1,379 |
$1,390 |
$1,282 |
$1,408 |
$1,749 |
$2,385 |
$2,937 |
$3,191 |
$2,196 |
$2,688 |
$3,426 |
$3,601 |
$3,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre split '05 |
29.792 |
29.722 |
29.733 |
29.817 |
29.796 |
29.896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| # of Sh in M |
59.583 |
59.444 |
59.467 |
59.633 |
59.592 |
59.792 |
59.921 |
58.452 |
57.801 |
57.779 |
58.220 |
57.924 |
57.799 |
57.799 |
|
Class I and Class II shares |
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
-0.85% |
-0.23% |
0.04% |
0.28% |
-0.07% |
0.34% |
0.22% |
-2.45% |
-1.11% |
-0.04% |
0.76% |
-0.51% |
-0.22% |
0.00% |
|
0.00% |
<-Median-> |
10 |
Shares |
|
|
|
|
|
|
|
|
|
|
|
| CF fr Op $M |
$458.7 |
$372.6 |
$793.0 |
$369.8 |
$515.4 |
$696.3 |
$823.1 |
$733.8 |
$824.0 |
$914.7 |
$881.3 |
$942.1 |
$945.0 |
$831.1 |
|
152.84% |
<-Total Growth |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| OPS |
$7.70 |
$6.27 |
$13.34 |
$6.20 |
$8.65 |
$11.65 |
$13.74 |
$12.55 |
$14.26 |
$15.83 |
$15.14 |
$16.26 |
$16.35 |
$14.38 |
|
159.48% |
<-Total Growth |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| Non-cash items |
$35.1 |
$146.8 |
-$246.4 |
$170.0 |
$58.2 |
-$92.0 |
-$87.7 |
$23.8 |
$22.6 |
$16.9 |
$53.8 |
-$12.2 |
|
|
|
10.00% |
<-IRR #YR-> |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| Net Per share |
$8.29 |
$8.74 |
$9.19 |
$9.05 |
$9.63 |
$10.11 |
$12.27 |
$12.96 |
$14.65 |
$16.12 |
$16.06 |
$16.05 |
$16.35 |
$14.38 |
|
3.44% |
<-IRR #YR-> |
5 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
14.23% |
5.43% |
5.20% |
-1.52% |
6.34% |
5.00% |
21.43% |
5.61% |
13.01% |
10.08% |
-0.38% |
-0.05% |
1.85% |
-12.05% |
|
6.27% |
<-IRR #YR-> |
10 |
CF non-cash |
|
|
|
|
|
|
|
|
|
|
|
| P/O on Cl |
2.05 |
2.66 |
2.54 |
2.38 |
2.46 |
2.89 |
3.24 |
3.88 |
3.77 |
2.36 |
2.87 |
3.68 |
3.81 |
4.33 |
|
5.52% |
<-IRR #YR-> |
5 |
CF non-cash |
|
|
|
|
|
|
|
|
|
|
|
| *Operational
Cash Flow per share |
|
|
|
|
|
P/CF |
10 yr |
2.88 |
5 yr |
3.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$6.27 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$16.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$13.74 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$16.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$8.74 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$16.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$12.27 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$16.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPM |
4.2% |
3.7% |
3.3% |
5.1% |
3.3% |
10.5% |
5.2% |
7.2% |
8.6% |
8.3% |
9.1% |
8.5% |
|
|
|
should be zero, it is a check
on calculations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diff from Ave |
-45.5% |
-52.9% |
-57.5% |
-34.4% |
-57.1% |
35.5% |
-33.0% |
-6.9% |
11.2% |
6.9% |
17.2% |
9.3% |
|
|
|
0.00 |
<-Median-> |
10 |
OPM |
|
|
|
|
|
|
|
|
|
|
|
| *Operational Profit Margin (Net income/Revenue) Ratio |
|
|
|
|
|
|
|
OPM |
10 yr Ave |
7.8% |
5 yr Ave |
8.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Curr Assets |
$752.6 |
$1,364.3 |
$1,010.7 |
$1,216.7 |
$1,227.6 |
$1,408.2 |
$1,482.8 |
$1,483.5 |
$1,446.6 |
$1,592.7 |
$1,706.0 |
$1,392.1 |
$1,415 |
|
|
Liq ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
| Curr Liab. |
$410.2 |
$936.5 |
$729.5 |
$631.6 |
$599.8 |
$468.4 |
$552.8 |
$546.5 |
$559.0 |
$738.8 |
$745.0 |
$620.8 |
$722 |
|
|
2.27 |
<-Median-> |
10 |
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
| Liquidity |
1.83 |
1.46 |
1.39 |
1.93 |
2.05 |
3.01 |
2.68 |
2.71 |
2.59 |
2.16 |
2.29 |
2.24 |
1.96 |
|
|
2.29 |
<-Median-> |
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
$4,934.9 |
$5,815.6 |
$5,845.4 |
$6,403.3 |
$6,591.2 |
$7,039.5 |
$7,463.5 |
$7,698.5 |
$7,999.9 |
$8,673.6 |
$9,954.6 |
$10,240 |
$10,249 |
|
|
A/L ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
|
|
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| Liab. |
$3,184.1 |
$3,919.3 |
$3,653.2 |
$3,988.4 |
$3,879.0 |
$4,134.0 |
$4,419.8 |
$4,519.4 |
$4,590.0 |
$4,952.4 |
$5,714.8 |
$5,594 |
$5,952 |
|
|
1.70 |
<-Median-> |
10 |
Liabilities |
|
|
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|
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| Asset/Liability R. |
1.55 |
1.48 |
1.60 |
1.61 |
1.70 |
1.70 |
1.69 |
1.70 |
1.74 |
1.75 |
1.74 |
1.83 |
1.72 |
|
|
1.74 |
<-Median-> |
5 |
Ratio |
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| Non-Control. Int |
$1,006.6 |
$1,074.0 |
$1,130.6 |
$1,371.8 |
$1,580.5 |
$1,660.9 |
$1,712.6 |
$1,747.0 |
$1,836.7 |
$1,949.4 |
$2,230.2 |
$2,431.5 |
$2,246 |
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| Preferred Stock |
$0.0 |
$0.0 |
$150.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0 |
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| Book Value |
$744.2 |
$822.3 |
$911.6 |
$1,043.1 |
$1,131.7 |
$1,244.6 |
$1,331.1 |
$1,432.1 |
$1,573.2 |
$1,771.8 |
$2,009.6 |
$2,213.9 |
$2,051 |
|
|
169.23% |
<-Total Growth |
10 |
Book Value |
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| BV per share |
$12.49 |
$13.83 |
$15.33 |
$17.49 |
$18.99 |
$20.82 |
$22.21 |
$24.50 |
$27.22 |
$30.66 |
$34.52 |
$38.22 |
$35.49 |
$35.49 |
|
176.30% |
<-Total Growth |
10 |
Book Value |
|
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| Change |
10.16% |
10.75% |
10.82% |
14.11% |
8.57% |
9.61% |
6.72% |
10.29% |
11.09% |
12.67% |
12.56% |
10.73% |
-7.16% |
|
|
1.1984 |
Current/Historical |
|
Book Value |
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| P/BV (CL) |
1.36 |
1.68 |
1.52 |
1.23 |
1.24 |
1.41 |
1.79 |
2.05 |
2.03 |
1.24 |
1.34 |
1.55 |
1.76 |
|
|
10.70% |
<-IRR #YR-> |
10 |
Book Value |
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| Change |
-19.54% |
23.58% |
-9.08% |
-19.39% |
1.25% |
12.91% |
27.50% |
14.48% |
-1.10% |
-38.91% |
7.94% |
15.70% |
13.44% |
|
|
11.46% |
<-IRR #YR-> |
5 |
Book Value |
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| Leverage (A/BV) |
6.63 |
7.07 |
6.41 |
6.14 |
5.82 |
5.66 |
5.61 |
5.38 |
5.09 |
4.90 |
4.95 |
4.63 |
5.00 |
|
|
5.49 |
<-Median-> |
10 |
A/BV |
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| Debt/Equity Ratio |
4.28 |
4.77 |
4.01 |
3.82 |
3.43 |
3.32 |
3.32 |
3.16 |
2.92 |
2.80 |
2.84 |
2.53 |
2.90 |
|
|
3.24 |
<-Median-> |
10 |
Debt/Eq Ratio |
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| Sharerholders
Equity |
|
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P/BV |
10 yr Ave |
1.47 |
5 yr Ave |
1.55 |
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-$13.83 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$38.22 |
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-$22.21 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$38.22 |
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| ROE |
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|
15.5% |
14.7% |
14.6% |
14.4% |
13.1% |
17.5% |
|
|
14.65% |
<-Median-> |
5 |
Compreh. Inc |
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| Comprehensive Inc |
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$222.4 |
$230.6 |
$259.5 |
$288.5 |
$290.1 |
$359.1 |
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Compreh. Inc |
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| ROE |
13.5% |
13.7% |
13.6% |
15.6% |
11.6% |
28.3% |
11.2% |
14.5% |
15.9% |
15.3% |
14.1% |
13.2% |
15.3% |
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|
|
| 5Yr Median |
13.2% |
13.5% |
13.5% |
13.6% |
13.6% |
13.7% |
13.6% |
14.5% |
14.5% |
15.3% |
14.5% |
14.5% |
15.3% |
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* |
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| Net Income |
$100.7 |
$112.7 |
$124.4 |
$163.0 |
$131.2 |
$352.7 |
$149.0 |
$207.0 |
$250.8 |
$271.5 |
$283.3 |
$292.9 |
$312.9 |
|
|
159.89% |
<-Total Growth |
10 |
Net Income |
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|
|
| Oper C. F. |
$458.7 |
$372.6 |
$793.0 |
$369.8 |
$515.4 |
$696.3 |
$823.1 |
$733.8 |
$824.0 |
$914.7 |
$881.3 |
$942.1 |
$990.1 |
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|
|
C F Statement |
|
Oper C. F. |
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| Invest. C. F |
-$400.0 |
-$479.1 |
-$588.6 |
-$492.0 |
-$475.1 |
-$528.1 |
-$531.4 |
-$553.6 |
-$698.2 |
-$869.7 |
-$872.7 |
-$855.7 |
-$858.7 |
|
|
|
C F Statement |
|
Invest. C. F |
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| Accruals |
$42.0 |
$219.2 |
-$80.0 |
$285.2 |
$90.9 |
$184.5 |
-$142.7 |
$26.8 |
$125.0 |
$226.5 |
$275 |
$207 |
$182 |
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Accruals |
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| Total Assets |
$4,934.9 |
$5,815.6 |
$5,845.4 |
$6,403.3 |
$6,591.2 |
$7,039.5 |
$7,463.5 |
$7,698.5 |
$7,999.9 |
$8,673.6 |
$9,954.6 |
$10,240 |
$10,249 |
|
|
|
Balance Sheet |
|
Assets |
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|
|
| Accruals Ratio |
0.85% |
3.77% |
-1.37% |
4.45% |
1.38% |
2.62% |
-1.91% |
0.35% |
1.56% |
2.61% |
2.76% |
2.02% |
1.77% |
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Ratio |
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| Fin. C. F |
-$51.2 |
$104.0 |
-$102.4 |
$305.5 |
-$125.5 |
$159.5 |
-$158.2 |
-$201.3 |
-$153.2 |
-$13.2 |
-$13.2 |
-$449.6 |
-$286.6 |
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|
C F Statement |
|
Fin. C. F |
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| Accruals |
$93.2 |
$115.2 |
$22.4 |
-$20.3 |
$216.4 |
$25.0 |
$15.5 |
$228.1 |
$278.2 |
$239.7 |
$288 |
$656 |
$468 |
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Accruals |
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| Accruals Ratio |
1.89% |
1.98% |
0.38% |
-0.32% |
3.28% |
0.36% |
0.21% |
2.96% |
3.48% |
2.76% |
2.89% |
6.41% |
4.57% |
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Ratio |
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| Classified
:Management and Diversified |
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| Jul 16,
2011. Last I looked, I got estimates
for 2010 and 2011 of $4.75 and $4.81 for earnings and $16. and $14.52 for CF. |
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| Aug 30
2010. When I last looked I got
estimates for 2010 and 2011 of $4.45 and $4.68 and CF of $13.44 and $14.30. |
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| May 17,
2010. when I last reviewed this stock
I got estimates for 2009 and 2010 of $4.00 and $4.05 and CF of $14.30 and
$14.70. |
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| Oct 14,
2009. When I looked at this stock in May 2009, I got 2009 and 2010 earnings
of $3.90 and $4.00 and also cash flow of $14.30 and $14.70. |
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| May 13, 2009
AR 2008. when I last looked at this
stock in Feb 2009, I got earnings estimates of $4.12 and $3.83 for 2008 and
2009. I also got CF estimates of
$12.72 and $12.81 for 2008 and 2009. |
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| Earnings
came in at $4.70 ($4.66 diluted). 2009
was increase somewhat to $3.90. Cash
Flow for 2008 was $15.83 and 2009 estimate incr. to $14.3 |
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| I think it
is a good company and it should be one of my core companies after purchase if
I purchase it at some time. |
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| 20045. For
Net Income I used net of tax figure 2004 not $159.4 |
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| How they make
their money. |
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| ATCO LTD. is
a management holding company with operating subsidiaries in electric and
natural gas utility operations, independent power operations, production,
storage, processing, gathering, delivery of |
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| natural gas,
technical facilities management for the industrial, defense and
transportation sectors, the manufacture, sale and leasing of industrial
shelters and industrial noise abatement technologies. |
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| ATCO has
just over 50% stake in Canadian Utilities Ltd. The company utilizes a dual share structure
of voting and non-voting shares. |
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| For most
ratios, lower is better when looking for a good stock price. However, there are exceptions such as for
yield and asset/liability ratios and here you want a higher ratios to
indicate a good stock price. |
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| Also, for
the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare
companies in similar industries. |
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| Copyright ©
2008 Website of SPBrunner. All rights reserved. |
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| Alberta-based ATCO Ltd., delivers
service excellence and innovative business solutions worldwide with leading
companies engaged |
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| in Utilities
(pipelines, natural gas and electricity transmission and distribution),
Energy (power generation, natural gas gathering, processing, storage and
liquids extraction), |
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| Structures
& Logistics (manufacturing, logistics and noise abatement) and
Technologies (business systems solutions). |
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| Class I
Non-Voting Symbol ACO.X |
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| Class II
Voting Symbol ACO.Y |
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