Pernod Ricard RI

August 07, 2011 - 6:22pm EST by

member

						2011	2012
Price:		63.55		EPS		$4.15	$4.75
Shares Out. (in M):		264		P/E		15.3x	13.3x
Market Cap (in $M):		23,924		P/FCF		13.8x	11.7x
Net Debt (in $M):		13,860		EBIT		2,816	3,094
TEV (in $M):		37,784		TEV/EBIT		13.4x	12.2x

Description

Sign up or Log In

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report.

Log in to read the full report.

show sort by

4	member 7/16/13 2:21PM A few quick questions
1) Demographics: the author wrote: "STZ volumes are also helped along by demographics as the Hispanic population of the U.S., a significant consumer of STZ’s beer brands, is growing at 3-5% per annum; well above... login to read the rest view available tags
3	member 7/16/13 11:38AM RE: doesn't look stable to me? 1
SURF - just to add what CNM wrote, I would make sure that you note the revenue numbers you cite are just from the wine business (beer JV share ran through equity line) and also... login to read the rest view available tags
2	member 7/16/13 9:15AM RE: doesn't look stable to me? 1
This deal completely changes their income statement. Wine goes from 65% of EBIT to 30% of EBIT and instead of always running the risk that Modelo would buy back the Crown JV at book balue... login to read the rest view available tags
1	member 7/16/13 1:50AM doesn't look stable to me?
What scares me is the topline trend!?! 2007 - $5,216 2008 - $3,773 2009 - $3,654 2010 - $3,364 2011 - $3,332 2012 - $2,654 2013 - $2,796 I see further down on the income statement some stable profits from unconsolidated... login to read the rest view available tags

load more messages