| 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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| While I try to
be accurate, I assume no responsibility for any figure in this spreadsheet. |
|
|
|
|
|
9/30/11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| See my website
on stocks or see my blog at the following
sites. |
www.spbrunner.com/stocks.html |
|
www.spbrunner.blogspot.com/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Great-West
Lifeco Inc |
GWO |
|
www.greatwestlifeco.com |
|
Fiscal Yr: |
Dec 31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year |
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 |
12/30/13 |
|
|
|
|
#Y |
|
|
|
|
|
|
|
|
|
|
|
|
| Accting Rules |
|
|
|
|
|
|
|
|
|
|
C GAAP |
IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| splits |
|
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue* |
$15,266 |
$16,048 |
$16,632 |
$13,429 |
$21,871 |
$23,871 |
$25,482 |
$25,923 |
$33,932 |
$30,541 |
$29,998 |
$29,084 |
$28,170 |
|
|
96.50% |
<-Total Growth |
10 |
Revenue |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
14.54% |
5.12% |
3.64% |
-19.26% |
62.86% |
9.14% |
6.75% |
1.73% |
30.90% |
-9.99% |
-1.78% |
-3.05% |
-3.14% |
|
|
6.99% |
<-IRR #YR-> |
|
10 |
Revenue |
|
|
|
|
|
|
|
|
|
|
|
| Rev per Share |
$20.50 |
$21.72 |
$22.70 |
$15.04 |
$24.56 |
$26.80 |
$28.59 |
$29.00 |
$35.95 |
$32.32 |
$31.63 |
$30.63 |
$29.67 |
|
|
4.68% |
<-IRR #YR-> |
|
5 |
Revenue |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
15.15% |
5.96% |
4.51% |
-33.76% |
63.33% |
9.13% |
6.69% |
1.43% |
23.94% |
-10.10% |
-2.13% |
-3.16% |
-3.14% |
|
|
4.43% |
<-IRR #YR-> |
|
10 |
Rev per share |
|
|
|
|
|
|
|
|
|
|
|
| P/S (Price/Sales) |
0.91 |
0.79 |
0.85 |
1.50 |
1.08 |
1.15 |
1.18 |
1.23 |
0.58 |
0.83 |
0.83 |
0.67 |
0.76 |
|
|
3.37% |
<-IRR #YR-> |
|
5 |
Rev per share |
|
|
|
|
|
|
|
|
|
|
|
| *Income in M
CDN $ |
|
|
|
|
|
P/S |
10 yr |
0.96 |
5 yr |
0.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$15,266 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$29,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$23,871 |
$0 |
$0 |
$0 |
$0 |
$29,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$20.50 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$31.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$26.80 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$31.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 04 |
$1.67 |
$1.37 |
$0.95 |
$1.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EPS* |
$0.84 |
$0.68 |
$0.47 |
$0.56 |
$1.78 |
$1.94 |
$2.09 |
$2.29 |
$1.55 |
$1.72 |
$1.75 |
$1.95 |
$2.14 |
$2.20 |
|
108.60% |
<-Total Growth |
10 |
Earnings |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
17.06% |
-18.46% |
-30.77% |
19.05% |
216.09% |
9.06% |
7.74% |
9.48% |
-32.09% |
10.69% |
1.57% |
11.68% |
9.74% |
2.80% |
|
7.63% |
<-IRR #YR-> |
|
10 |
Earnings |
|
|
|
|
|
|
|
|
|
|
|
| Earnings Yield |
4.5% |
4.0% |
2.5% |
2.5% |
6.7% |
6.3% |
6.2% |
6.4% |
7.5% |
6.4% |
6.6% |
9.6% |
9.5% |
9.8% |
|
-2.08% |
<-IRR #YR-> |
|
5 |
Earnings |
|
|
|
|
|
|
|
|
|
|
|
| * ESP per
share (Cdn GAAP) |
|
|
|
|
|
E/P |
10 Yrs |
6.36% |
5Yrs |
6.43% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$0.84 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$1.94 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 04 |
$0.65 |
$0.78 |
$0.95 |
$1.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Div* |
$0.33 |
$0.39 |
$0.47 |
$0.56 |
$0.69 |
$0.81 |
$0.93 |
$1.06 |
$1.20 |
$1.23 |
$1.23 |
$1.23 |
$1.23 |
|
|
278.46% |
215.38% |
<-Total Growth |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
22.64% |
20.00% |
21.15% |
19.05% |
21.78% |
18.25% |
14.51% |
14.29% |
13.21% |
2.50% |
0.00% |
0.00% |
0.00% |
|
|
16.38% |
14.40% |
<-Median-> |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| Yield H/L Pr. |
2.42% |
2.23% |
2.87% |
2.92% |
2.80% |
2.82% |
3.01% |
3.03% |
4.38% |
5.82% |
4.65% |
5.23% |
|
|
|
2.96% |
3.02% |
<-Median-> |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| Yield on High Pr. |
1.76% |
2.00% |
2.83% |
2.68% |
2.57% |
2.65% |
2.70% |
2.84% |
3.40% |
4.57% |
4.22% |
4.43% |
|
|
|
2.76% |
2.83% |
<-Median-> |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| Yield on Low Pr. |
3.88% |
2.52% |
2.91% |
3.20% |
3.08% |
3.02% |
3.40% |
3.26% |
6.16% |
8.01% |
5.18% |
6.39% |
|
|
|
3.23% |
3.33% |
<-Median-> |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| Yield on Cl Pr. |
1.75% |
2.28% |
2.46% |
2.49% |
2.58% |
2.64% |
2.74% |
2.98% |
5.80% |
4.58% |
4.66% |
6.03% |
5.48% |
|
|
2.69% |
2.86% |
<-Median-> |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| Payout Ratio |
38.8% |
57.1% |
100.0% |
100.0% |
38.5% |
41.8% |
44.4% |
46.3% |
77.3% |
71.6% |
70.4% |
63.1% |
57.5% |
|
|
63.79% |
66.76% |
<-Median-> |
10 |
DPR EPS |
|
|
|
|
|
|
|
|
|
|
|
| Payout Ratio CF |
302.6% |
14.7% |
24.8% |
23.9% |
20.3% |
18.3% |
21.7% |
25.4% |
29.3% |
29.4% |
20.1% |
22.4% |
#VALUE! |
|
|
22.81% |
23.19% |
<-Median-> |
10 |
DPR CF |
|
|
|
|
|
|
|
|
|
|
|
| Payout Ratio CF NC |
302.6% |
14.7% |
24.8% |
23.9% |
20.3% |
18.3% |
21.7% |
25.4% |
29.3% |
29.4% |
20.1% |
22.4% |
|
|
|
22.81% |
23.19% |
<-Median-> |
10 |
DPR CF NC |
|
|
|
|
|
|
|
|
|
|
|
| Median Values |
6.36% |
5 |
7.37% |
10 |
|
|
Yield |
4.65% |
4.66% |
Payout |
70.45% |
25.39% |
|
|
|
14.24% |
12.17% |
<-IRR #YR-> |
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| * Dividends per
share |
3.0% |
Years |
3.0% |
Years |
|
|
Curr diff |
17.92% |
Last Div Inc ---> |
$0.31 |
$0.31 |
|
|
|
8.71% |
5.81% |
<-IRR #YR-> |
5 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$0.39 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.23 |
$1.23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$0.93 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.23 |
$1.23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| H/LYield held 5 yrs |
10.32% |
8.37% |
6.41% |
5.13% |
5.68% |
6.03% |
5.30% |
6.44% |
6.23% |
5.03% |
4.29% |
3.99% |
3.52% |
3.52% |
|
5.86% |
<-Median-> |
|
10 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| H/LYield held 10 yrs |
|
|
|
|
24.49% |
25.71% |
19.91% |
14.38% |
10.94% |
10.21% |
9.15% |
7.03% |
7.47% |
7.47% |
|
14.38% |
<-Median-> |
|
7 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
| H/LYield held 15 yrs |
|
|
|
|
|
|
|
|
|
43.97% |
39.05% |
26.41% |
16.69% |
16.69% |
|
41.51% |
<-Median-> |
|
2 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Graham No. |
$9.61 |
$8.96 |
$7.88 |
$10.29 |
$19.11 |
$20.63 |
$22.98 |
$23.76 |
$20.99 |
$21.70 |
$21.85 |
$25.42 |
$26.63 |
|
|
127.41% |
<-Total Growth |
10 |
Graham Price |
|
|
|
|
|
|
|
|
|
|
|
| Prem /Disc.Med H/L |
39.90% |
95.10% |
109.05% |
87.31% |
28.00% |
38.99% |
34.10% |
46.98% |
30.50% |
-2.65% |
21.07% |
-7.50% |
|
|
|
36.54% |
<-Median-> |
|
10 |
Graham Price |
|
|
|
|
|
|
|
|
|
|
|
| Prem /Disc. High |
92.57% |
117.52% |
111.72% |
103.69% |
39.57% |
48.08% |
49.63% |
57.21% |
68.14% |
23.96% |
33.52% |
9.26% |
|
|
|
53.42% |
<-Median |
|
10 |
Graham Price |
|
|
|
|
|
|
|
|
|
|
|
| Prem /Disc. Low |
-12.77% |
72.68% |
106.39% |
70.93% |
16.44% |
29.90% |
18.56% |
36.76% |
-7.14% |
-29.26% |
8.62% |
-24.26% |
|
|
|
24.23% |
<-Median |
|
10 |
Graham Price |
|
|
|
|
|
|
|
|
|
|
|
| Prem /Disc. Cl |
93.41% |
90.86% |
144.21% |
119.93% |
38.78% |
48.80% |
47.06% |
49.68% |
-1.37% |
23.87% |
20.84% |
-19.74% |
-15.76% |
|
|
47.93% |
<-Median |
|
10 |
Graham Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Cl |
$18.58 |
$17.11 |
$19.24 |
$22.62 |
$26.52 |
$30.70 |
$33.80 |
$35.57 |
$20.70 |
$26.88 |
$26.40 |
$20.40 |
$22.43 |
$22.43 |
|
42.09% |
19.23% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
68.45% |
-7.91% |
12.45% |
17.57% |
17.24% |
15.76% |
10.10% |
5.24% |
-41.80% |
29.86% |
-1.79% |
-22.73% |
9.95% |
0.00% |
|
3.58% |
1.77% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
22.20 |
25.07 |
40.72 |
40.21 |
14.92 |
15.83 |
16.18 |
15.55 |
13.33 |
15.64 |
15.12 |
10.46 |
10.48 |
10.20 |
|
-2.97% |
-9.61% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
25.99 |
20.44 |
28.19 |
47.87 |
47.15 |
17.27 |
17.43 |
17.03 |
9.05 |
17.31 |
15.36 |
11.68 |
11.50 |
10.48 |
|
7.29% |
6.62% |
<-IRR #YR-> |
10 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
D. per yr |
4.85% |
4.33% |
% Tot Ret |
73.20% |
-81.95% |
|
Price Inc |
-1.79% |
P/E: |
15.60 |
15.12 |
|
|
|
0.92% |
-5.28% |
<-IRR #YR-> |
5 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$17.11 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$20.40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$33.80 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$20.40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$17.11 |
$0.47 |
$0.56 |
$0.69 |
$0.81 |
$0.93 |
$1.06 |
$1.20 |
$1.23 |
$1.23 |
$21.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$33.80 |
$1.06 |
$1.20 |
$1.23 |
$1.23 |
$21.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price H/L Median |
$13.44 |
$17.49 |
$16.47 |
$19.27 |
$24.46 |
$28.68 |
$30.82 |
$34.93 |
$27.39 |
$21.13 |
$26.45 |
$23.51 |
|
|
|
96.80% |
34.42% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
11.54% |
30.13% |
-5.83% |
16.97% |
26.97% |
17.23% |
7.48% |
13.34% |
-21.59% |
-22.87% |
25.21% |
-11.12% |
|
|
|
7.00% |
3.00% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
16.06 |
25.63 |
34.86 |
34.25 |
13.76 |
14.79 |
14.75 |
15.27 |
17.64 |
12.29 |
15.15 |
12.06 |
|
|
|
-1.60% |
-5.27% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
18.80 |
20.90 |
24.13 |
40.77 |
43.48 |
16.13 |
15.89 |
16.72 |
11.98 |
13.60 |
15.39 |
13.47 |
|
|
|
11.37% |
7.49% |
<-IRR #YR-> |
10 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
D. per yr |
4.49% |
4.30% |
% Tot Ret |
59.91% |
-441.44% |
|
Price Inc |
-11.12% |
P/E: |
14.97 |
15.15 |
|
|
|
2.45% |
-0.97% |
<-IRR #YR-> |
5 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$17.49 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$23.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$30.82 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$23.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$17.49 |
$0.47 |
$0.56 |
$0.69 |
$0.81 |
$0.93 |
$1.06 |
$1.20 |
$1.23 |
$1.23 |
$24.74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$30.82 |
$1.06 |
$1.20 |
$1.23 |
$1.23 |
$24.74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hi Mths |
Dec |
Mar |
Jun |
Jun |
Dec |
Aug 05 |
Nov 06 |
Feb 07 |
Sep 08 |
Aug |
Apr |
Feb |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Hi |
$18.50 |
$19.50 |
$16.68 |
$20.95 |
$26.67 |
$30.55 |
$34.39 |
$37.36 |
$35.29 |
$26.90 |
$29.17 |
$27.77 |
|
|
|
57.68% |
42.41% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
23.33% |
5.41% |
-14.46% |
25.60% |
27.30% |
14.55% |
12.57% |
8.64% |
-5.54% |
-23.77% |
8.44% |
-4.80% |
|
|
|
4.66% |
3.60% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
22.10 |
28.57 |
35.30 |
37.24 |
15.00 |
15.76 |
16.46 |
16.34 |
22.72 |
15.65 |
16.71 |
14.24 |
|
|
|
-0.92% |
-4.19% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
25.87 |
23.30 |
24.44 |
44.34 |
47.41 |
17.18 |
17.74 |
17.88 |
15.43 |
17.32 |
16.97 |
15.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
-4.80% |
P/E: |
16.40 |
16.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$19.50 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$27.77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$34.39 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$27.77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Low Mths |
Mar |
Sep |
Oct |
Mar |
Jan |
Jun |
Jun |
Jan 07 |
Dec 08 |
Mar |
|Jul |
Dec |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Low |
$8.38 |
$15.48 |
$16.26 |
$17.58 |
$22.25 |
$26.80 |
$27.25 |
$32.50 |
$19.49 |
$15.35 |
$23.73 |
$19.25 |
|
|
|
183.17% |
24.35% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
-7.91% |
84.73% |
5.04% |
8.12% |
26.56% |
20.45% |
1.68% |
19.27% |
-40.03% |
-21.24% |
54.59% |
-18.88% |
|
|
|
10.97% |
2.20% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| P/E |
10.01 |
22.68 |
34.41 |
31.25 |
12.51 |
13.82 |
13.04 |
14.21 |
12.55 |
8.93 |
13.59 |
9.87 |
|
|
|
-2.40% |
-6.71% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
11.72 |
18.49 |
23.82 |
37.21 |
39.56 |
15.07 |
14.05 |
15.56 |
8.52 |
9.88 |
13.80 |
11.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
-18.88% |
P/E: |
13.32 |
12.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$15.48 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$19.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$27.25 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$19.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Cap |
$13,839 |
$12,643 |
$14,098 |
$20,202 |
$23,619 |
$27,344 |
$30,121 |
$31,791 |
$19,538 |
$25,403 |
$25,039 |
$19,372 |
$21,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| pre-split 04 |
372.40 |
369.46 |
366.38 |
445.56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| # of Sh in M |
744.81 |
738.92 |
732.75 |
893.12 |
890.60 |
890.69 |
891.15 |
893.76 |
943.88 |
945.04 |
948.46 |
949.58 |
949.58 |
|
|
27% |
<-Total Growth |
10 |
Shares |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
-0.53% |
-0.79% |
-0.83% |
21.89% |
-0.28% |
0.01% |
0.05% |
0.29% |
5.61% |
0.12% |
0.36% |
0.12% |
|
|
|
0.09% |
<-Median-> |
|
10 |
Shares |
|
|
|
|
|
|
|
|
|
|
|
| CF fr Op $M |
$80.0 |
$1,960 |
$1,394 |
$2,098 |
$3,002 |
$3,951 |
$3,812 |
$3,731 |
$3,863 |
$3,958 |
$5,797 |
$5,205 |
<-12 mths |
|
|
7146% |
<-Total Growth |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| OPS |
$0.11 |
$2.65 |
$1.90 |
$2.35 |
$3.37 |
$4.44 |
$4.28 |
$4.17 |
$4.09 |
$4.19 |
$6.11 |
$5.48 |
<-12 mths |
|
|
5590% |
<-Total Growth |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
|
2370% |
-28.28% |
23.48% |
43.49% |
31.60% |
-3.57% |
-2.41% |
-1.96% |
2.33% |
45.94% |
-10.32% |
<-12 mths |
|
|
9.72% |
<-IRR #YR-> |
|
9 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| Less Non-Cash CF |
$0.0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0.0 |
<-12 mths |
|
|
6.62% |
<-IRR #YR-> |
|
5 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
| OPS non-cash (N/A) |
$0.11 |
$2.65 |
$1.90 |
$2.35 |
$3.37 |
$4.44 |
$4.28 |
$4.17 |
$4.09 |
$4.19 |
$6.11 |
$5.48 |
<-12 mths |
|
|
9.72% |
<-IRR #YR-> |
|
9 |
non cash n/a |
|
|
|
|
|
|
|
|
|
|
|
| P/CF on Cl |
172.98 |
6.45 |
10.11 |
9.63 |
7.87 |
6.92 |
7.90 |
8.52 |
5.06 |
6.42 |
4.32 |
3.72 |
|
|
|
6.62% |
<-IRR #YR-> |
|
5 |
non cash n/a |
|
|
|
|
|
|
|
|
|
|
|
| *Operational
Cash Flow per share |
|
|
|
|
P/CF |
10 yr |
7.39 |
5 yr |
6.42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.65 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$6.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$4.44 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$6.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.65 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$6.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$4.44 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$6.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPM |
0.52% |
12.21% |
8.38% |
15.62% |
13.73% |
16.55% |
14.96% |
14.39% |
11.38% |
12.96% |
19.32% |
|
|
|
|
should be zero, it is a check
on calculations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diff from Ave |
-96.3% |
-13.1% |
-40.4% |
11.1% |
-2.4% |
17.7% |
6.4% |
2.4% |
-19.0% |
-7.8% |
37.5% |
|
|
|
|
0.00 |
<-Median-> |
|
10 |
OPM |
|
|
|
|
|
|
|
|
|
|
|
| *Operational
Profit Margin (CF/Revenue) Ratio |
|
|
|
OPM |
10 Yrs |
14.06% |
5 Yrs |
14.39% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 2011 |
|
|
|
This is a financial, so ratios are lower |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
$55,754 |
$59,159 |
$60,071 |
$97,451 |
$95,891 |
$120,161 |
$120,528 |
$118,388 |
$130,074 |
$128,369 |
$131,514 |
$237,072 |
|
|
|
A/L ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
| Liab. |
$51,574 |
$54,762 |
$55,363 |
$88,861 |
$86,466 |
$109,885 |
$108,658 |
$107,480 |
$116,846 |
$115,366 |
$118,094 |
$219,079 |
|
|
|
1.11 |
<-Median-> |
|
10 |
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
| Asset/Liab Ratio |
1.08 |
1.08 |
1.09 |
1.10 |
1.11 |
1.09 |
1.11 |
1.10 |
1.11 |
1.11 |
1.11 |
1.08 |
|
|
|
1.11 |
<-Median-> |
|
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Cont. Int. |
|
|
|
|
|
|
|
|
|
|
|
$2,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shareholders' Equity |
$4,180 |
$4,397 |
$4,708 |
$8,590 |
$9,425 |
$10,276 |
$11,870 |
$10,908 |
$13,228 |
$13,003 |
$13,420 |
$15,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stock |
$530 |
$530 |
$430 |
$1,125 |
$1,296 |
$1,586 |
$1,855 |
$1,099 |
$1,329 |
$1,497 |
$1,897 |
$1,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Book Value |
$3,650 |
$3,867 |
$4,278 |
$7,465 |
$8,129 |
$8,690 |
$10,015 |
$9,809 |
$11,899 |
$11,506 |
$11,523 |
$13,982 |
|
|
|
216% |
<-Total Growth |
10 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
| BV per share |
$4.90 |
$5.23 |
$5.84 |
$8.36 |
$9.13 |
$9.76 |
$11.24 |
$10.97 |
$12.61 |
$12.18 |
$12.15 |
$14.72 |
$14.72 |
|
|
148% |
<-Total Growth |
10 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
| Change |
12.59% |
6.79% |
11.56% |
43.16% |
9.20% |
6.89% |
15.19% |
-2.34% |
14.87% |
-3.42% |
-0.21% |
21.20% |
|
|
|
0.4686 |
Current/Historical |
|
Book Value |
|
|
|
|
|
|
|
|
|
|
|
| P/BV (CL) |
3.79 |
3.27 |
3.30 |
2.71 |
2.91 |
3.15 |
3.01 |
3.24 |
1.64 |
2.21 |
2.17 |
1.39 |
|
|
|
9.50% |
<-IRR #YR-> |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
| Change |
49.61% |
-13.77% |
0.80% |
-17.88% |
7.36% |
8.30% |
-4.42% |
7.76% |
-49.34% |
34.46% |
-1.58% |
-36.24% |
|
|
|
4.48% |
<-IRR #YR-> |
|
5 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
| Leverage (A/BV) |
15.28 |
15.30 |
14.04 |
13.05 |
11.80 |
13.83 |
12.03 |
12.07 |
10.93 |
11.16 |
11.41 |
16.96 |
|
|
|
12.05 |
<-Median-> |
|
10 |
A/BV |
|
|
|
|
|
|
|
|
|
|
|
| Debt/Equity Ratio |
14.13 |
14.16 |
12.94 |
11.90 |
10.64 |
12.64 |
10.85 |
10.96 |
9.82 |
10.03 |
10.25 |
15.67 |
|
|
|
10.90 |
<-Median-> |
|
10 |
Debt/Eq Ratio |
|
|
|
|
|
|
|
|
|
|
| Sharerholders
Equity (Assets less liabilities) |
|
|
|
|
P/BV |
10 yr Med |
2.96 |
5 yr Med |
2.21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$4.90 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$12.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$9.76 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$12.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ROE |
|
|
|
|
|
0.0% |
0.0% |
0.0% |
0.0% |
7.1% |
10.7% |
14.2% |
<-12 mths |
|
|
0.00% |
<-Median-> |
|
5 |
Compreh. Inc |
|
|
|
|
|
|
|
|
|
|
|
| Comprehensive Inc |
|
|
|
|
|
$0 |
$0 |
$0 |
$0 |
$822 |
$1,230 |
$1,991 |
<-12 mths |
|
|
|
|
|
|
Compreh. Inc |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ROE |
18.5% |
14.1% |
23.3% |
18.2% |
19.9% |
20.4% |
19.2% |
21.5% |
12.2% |
14.1% |
14.4% |
13.6% |
<-12 mths |
|
|
Net Income/Shareholders'
equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5Yr Median |
|
15.6% |
17.5% |
18.2% |
18.5% |
19.9% |
19.9% |
19.9% |
19.9% |
19.2% |
14.4% |
14.1% |
<-12 mths |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
$674 |
$546 |
$995 |
$1,356 |
$1,616 |
$1,775 |
$1,927 |
$2,111 |
$1,453 |
$1,627 |
$1,657 |
$1,905 |
<-12 mths |
|
|
145.85% |
<-Total Growth |
10 |
Net Income |
|
|
|
|
|
|
|
|
|
|
|
| Oper C. F. |
$80 |
$1,960 |
$1,394 |
$2,098 |
$3,002 |
$3,951 |
$3,812 |
$3,731 |
$3,863 |
$3,958 |
$5,797 |
|
|
|
|
|
C F Statement |
|
|
Oper C. F. |
|
|
|
|
|
|
|
|
|
|
|
| Invest. C. F |
-$79 |
-$1,342 |
-$724 |
-$1,939 |
-$1,892 |
-$2,511 |
-$3,405 |
-$5,201 |
-$3,292 |
-$1,831 |
-$1,070 |
|
|
|
|
|
C F Statement |
|
|
Invest. C. F |
|
|
|
|
|
|
|
|
|
|
|
| Total Accruals |
$673 |
-$72 |
$325 |
$1,197 |
$506 |
$335 |
$1,520 |
$3,581 |
$882 |
-$500 |
-$3,070 |
|
|
|
|
|
|
|
|
Accruals |
|
|
|
|
|
|
|
|
|
|
|
| Total Assets |
$55,754 |
$59,159 |
$60,071 |
$97,451 |
$95,891 |
$120,161 |
$120,528 |
$118,388 |
$130,074 |
$128,369 |
$131,514 |
|
|
|
|
|
Balance Sheet |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
| Accruals Ratio |
1.21% |
-0.12% |
0.54% |
1.23% |
0.53% |
0.28% |
1.26% |
3.02% |
0.68% |
-0.39% |
-2.33% |
|
|
|
|
|
|
|
|
Ratio |
|
|
|
|
|
|
|
|
|
|
|
| up/down/neutral |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chge in Close |
68.45% |
-7.91% |
12.45% |
17.57% |
17.24% |
15.76% |
10.10% |
5.24% |
-41.80% |
29.86% |
-1.79% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Any Predictions? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fin. C. F |
-$7 |
-$521 |
$595 |
$1,390 |
-$1,052 |
-$665 |
-$565 |
$2,422 |
-$1,554 |
-$1,258 |
-$6,099 |
|
|
|
|
|
C F Statement |
|
|
Fin. C. F |
|
|
|
|
|
|
|
|
|
|
|
| Total Accruals |
$680 |
$449 |
-$270 |
-$193 |
$1,558 |
$1,000 |
$2,085 |
$1,159 |
$2,436 |
$758 |
$3,029 |
|
|
|
|
|
|
|
|
Accruals |
|
|
|
|
|
|
|
|
|
|
|
| Accruals Ratio |
1.22% |
0.76% |
-0.45% |
-0.20% |
1.62% |
0.83% |
1.73% |
0.98% |
1.87% |
0.59% |
2.30% |
|
|
|
|
|
|
|
|
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Jan 21,
2012. Last estimates I got was for
2010 and 2011 for EPS at $1.90 and $2.23. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nov 11,
2010. Last time I looked, I got
earnings for 2009 and 2010 of $1.85 and $2.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2007 AR. I can see why people like this stock. It is basically a stable earner. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For cash
flow, I do not think that there is a non-cash flow or working capital as
current assets and liabilities liquidity ratio does not really apply. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| How they make
their money. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Great-West
Lifeco is a financial services holding company with interests in the life
insurance, health insurance, retirement savings, investment management and
reinsurance businesses. The Corporation has |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| operations in
Canada, the United States, Europe and Asia through The Great-West Life
Assurance Company, London Life Insurance Company, The Canada Life Assurance
Company, Great-West Life |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| & Annuity
Insurance Company and Putnam Investments, LLC. Lifeco and are members of the
Power Financial Corporation group of companies. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Power
Financial Corp owes 68.6% of this company. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Also, for the
Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare
companies in similar industries. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Copyright ©
2008 Website of SPBrunner. All rights reserved. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.39 |
8.12% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
66.42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|