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Strategies & Market Trends : Fundamental Value Investing

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To: bruwin who wrote (1188)8/9/2010 2:53:56 PM
From: bruwin2 Recommendations  Read Replies (1) of 4719
 
EBIX - Latest Q2 Results.

In their latest set of results, EBIX has shown an increase in virtually every positive item.
The percentage Quarterly Revenue increase is not as it was several quarters ago, but it has nearly doubled in the last 3 months.

EBITDA Margin and Bottom Line Margin are both well up, and sit at 48.1% and 43.5% respectively.

Pretax Return on Cap.Employed is also up from 19.8% to 21.5%.

Basic EPS is also up by 11% to 40c.

The share price opened at $17.16c today, and is currently trading at over $18.60c, which is the highest since 4 Nov. 2009.

It will be interesting to see how the Short Sellers of EBIX react, .... going forward.

Don't know about others, but I'll certainly be hanging onto my company stock.

EBIX Quarterlies :-       09/03 09/06 09/09 09/10 10/03  10/06 

Revenue 20.7 22.4 23.3 31.3 31.6 32.2
CoS 4.1 4.5 4.5 8.0 7.0 7.4
SG&A+R&D 7.5 7.8 8.1 10.0 10.4 9.3
EBITDA 9.1 10.1 10.7 13.3 14.2 15.5
Interest Expense 0.3 0.3 0.2 0.3 0.3 0.3
Pretax Income(TTM) 31.3 33.9 35.8 39.8 44.3 49.4
Net Income 8.3 9.0 9.4 12.1 12.4 14.0

Capital Employed 95.7 120.7 124.2 187.1 223.4 230.1

Revenue Increase 8.2% 4.0% 34.3% 1.0% 1.9%
CoS/Revenue 19.8% 20.1% 19.3% 25.6% 22.2% 23.0%
SG&A+R&D/Revenue 36.2% 34.8% 34.8% 31.9% 32.9% 28.9%
EBITDA/Revenue 44.0% 45.1% 45.9% 42.5% 44.9% 48.1%
Int.Expense/EBITDA 3.3% 3.0% 1.9% 2.3% 2.1% 1.6%
Pretax Inc./Cap.Employed 32.7% 28.1% 28.8% 21.3% 19.8% 21.5%
Net Inc./Revenue 40.1% 40.2% 40.3% 38.7% 39.2% 43.5%

Basic EPS (Cents) 28 29 30 36 36 40
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