ATI Technologies, Inc. Ticker: ATYTF CUSIP: 001941103
Doesn't contain the last Q numbers, it would look even better with
the last Q number
BRIEF
ATI Technologies, Inc. is principally enaged in the
design and manufacture of video, 2D/3D graphics and
multimedia hardware and software products for the desktop,
mobile and workstation PC markets. For the FY ended
8/31/98, sales rose 92% to C$1.16B. Net income according to
U.S. GAAP totalled C$167.3M, up from C$47.3M. Results
reflect a broadening customer base and increased market
share due to the introduction of new products.
RATIOS AND STATISTICS AT A GLANCE
(As of 02/19/99)
Price $ 15.25 Avg Monthly Vol. 4.755 Mil.
52W High $ 18.50 Avg Daily Vol. 0.212 Mil.
52W Low $ 9.19
Beta NA
TTM EPS $ 0.53 Ann. Div. Rate $ 0.00
P/E 28.72 Div. Yield 0.00 %
5 Yr High P/E NA 5 Yr Avg Yield 0.00 %
5 Yr Low P/E NA Last Dividend Decl. $ NA
Last Div Ex-Date NA
Last Div Pay Date NA
INSTITUTIONAL OWNERSHIP
# of Institutions 50
% Shares Out. Owned 15.67 %
3 Month Net purchases 16.44 Mil.
COMPANY COMPARISON
TO THE COMPUTERS & OFFICE EQUIPMENT AND S&P 500 AGGREGATES
COMPANY INDUSTRY % S&P 500
PROFITABILITY RATIOS:
Net Profit Margin 14.56 6.76 215.5% 10.49
Return on Equity 57.10 25.10 227.5% 22.31
Interest Coverage 1,482.31 15.25 9,719.4% 8.53
VALUATION RATIOS:
P/E Ratio 28.72 44.79 64.1% 34.93
Dividend Yield 0.00 0.30 0.0% 1.30
Price to Tangible Book 11.61 10.76 107.9% 11.35
Price to Book 11.61 10.18 114.1% 8.02
Price to Free Cash Flow -15250.00 55.92 -27,270.6% 46.81
FINANCIAL STRENGTH RATIOS:
Current Ratio 2.49 2.01 124.2% 1.47
LT Debt to Equity 0.00 0.37 0.0% 0.86
Total Debt to Equity 0.00 0.58 0.0% 1.09
GROWTH STATISTICS:
3 Yr Rev Growth 47.61 29.58 160.9% 16.35
3 Yr EPS Growth 107.67 34.20 314.8% 16.95
3 Yr Div Growth NM 14.47 NM% 11.14
Reinvestment Rate 100.00 94.30 106.0% 67.62
EQUITY
Common Stock no Par, 11/98, unlim. auth., 199,606,903 issd.
Insiders control approx. 17%. (As of 8/98) The Company
reports no short term or long term debt. 4/98, 4-for-1
stock split.
ADR INFORMATION
Shares Per ADR 1.00
Reporting Currency Canadian Dollars
Current Exchange Rate 1.488 Canadian Dollars Per US Dollar
Fiscal Year Ending Rate 1.461 Canadian Dollars Per US Dollar
Fiscal Year Avg. Rate 1.418 Canadian Dollars Per US Dollar
ANALYST FOOTNOTES
Summ. Q's do not reflect U.S. GAAP Adjustments.
HISTORICAL QUARTERLY RESULTS
REVENUE
(Thousands of Canadian Dollars)
1996 1997 1998
1st Qtr NOV 119,339 164,068 263,353
2nd Qtr FEB 115,877 151,460 285,528
3rd Qtr MAY 115,138 135,050 286,784
4th Qtr AUG 116,244 152,261 321,256
EARNINGS PER SHARE
(Canadian Dollars per share)
1st Qtr NOV 0.040 0.070 0.180
2nd Qtr FEB 0.040 0.060 0.200
3rd Qtr MAY 0.040 0.050 0.200
4th Qtr AUG 0.040 0.060 0.210
SELECTED INCOME STATEMENT ITEMS
(Thousands of Canadian Dollars)
ANNUAL YEAR TO DATE
12 MONTHS 12 MONTHS 12 MONTHS 12 MONTHS
ENDING ENDING ENDING ENDING
08/31/97 08/31/98 08/31/97 08/31/98
Revenue 602,839 1,156,921 602,839 1,156,921
Operating Expenses 534,396 927,163 534,396 927,163
Operating Income 68,443 229,758 68,443 229,758
Non-Operating Income 3,733 5,908 3,733 5,908
Non-Operating Expenses -382 -155 -382 -155
Income Before Taxes 71,794 235,511 71,794 235,511
Income Taxes 24,105 67,087 24,105 67,087
Income After Taxes 47,689 168,424 47,689 168,424
Adjustments to Income -370 -1,138 0 0
Inc. for Primary EPS 47,319 167,286 47,689 168,424
EPS Excl. Xord Items 0.247 0.851 0.249 0.857
Disc Opns + Xord Items 0 0 0 0
EPS Incl. Xord Items 0.247 0.851 0.249 0.857
Avg Primary Shs Out. 191,576.00 196,479.00 192,284.19 196,479.00
Common Dividends/Shr 0.000 0.000 0.000 0.000
F.D. EPS Excl. Xord 0.240 0.806 0.236 0.790
F.D. EPS Incl. Xord 0.240 0.806 0.236 0.790
SELECTED BALANCE SHEET ITEMS
(Thousands of Canadian Dollars)
YEAR ENDING QUARTER ENDING
08/31/97 08/31/98 08/31/97 08/31/98
Cash & ST Investments 71,763 68,900 71,763 68,900
Receivables 113,744 235,782 113,744 235,782
Other Current Assets 47,663 192,395 47,663 192,395
Total Current Assets 233,170 497,077 233,170 497,077
LT Investments 27,480 44,766 27,480 44,766
Fixed Assets 31,085 55,365 31,085 55,365
Other LT Assets 0 0 0 0
Total Assets 291,735 597,208 291,735 597,208
Accounts Payable 55,537 114,769 73,224 152,945
ST Debt & Curr LTD 0 0 0 0
Other Current Liab. 25,198 84,630 7,511 46,454
Total Current Liab. 80,735 199,399 80,735 199,399
LT Debt & Cap Leases 0 0 0 0
Other LT Liabilities 5,000 8,500 5,000 8,500
Total Liabilities 85,735 207,899 85,735 207,899
Preferred Stock 0 0 0 0
Common & Paid In Capital 109,751 124,636 109,751 124,636
Retained Earnings 96,249 264,673 96,249 264,673
Other Equity 0 0 0 0
Total Equity 206,000 389,309 206,000 389,309
Shares Outstanding 193,998 199,174 193,998 199,174
SELECTED STATEMENT OF CASH FLOWS ITEMS
INDIRECT METHOD (Thousands of Canadian Dollars)
ANNUAL YEAR TO DATE
12 MONTHS 12 MONTHS 12 MONTHS 12 MONTHS
ENDING ENDING ENDING ENDING
08/31/97 08/31/98 08/31/97 08/31/98
Net Income 47,689 168,424 47,689 168,424
Depreciation & Amort. 6,662 10,832 6,662 10,832
Non Cash Items 6,970 3,500 6,970 3,500
Other Operating CF -32,787 -148,106 -32,787 -148,106
Total Operating CF 28,534 34,650 28,534 34,650
Capital Expenditures -12,426 -35,112 -12,426 -35,112
Other Investing CF -18,092 -78,786 -18,092 -78,786
Total Investing CF -30,518 -113,898 -30,518 -113,898
Dividends Paid 0 0 0 0
Sale (Purch.) of Stock 10,162 14,885 10,162 14,885
Net Borrowings -10,270 0 -10,270 0
Other Financing CF 0 0 0 0
Total Financing CF -108 14,885 -108 14,885
Exchange Rate Effect 0 0 0 0
Net Change In Cash -2,092 -64,363 -2,092 -64,363
|
