AHL Services (AHLS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : AHL Services (AHLS)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SteveG who wrote (7)	5/4/1999 2:12:00 AM
From: SteveG	Read Replies (1) of 9

CSFB from last week: BUY AHL Services(AHLS) First Quarter Slightly Ahead of Expectations Summary AHLS reported earnings essentially in line. Taxes were less than forecast, which accounted for the $0.01 upside to consensus estimates. Internal growth remains robust at 23.4%. Annualized new orders were an all time high at $28.4 million. One large project for the Port Authority of New York accounted for $12 million. Bookings also were strong with $14.5 million recorded versus $9 million in December and $7.5 million in March 1998. Bookings should convert in one quarter. Sales mix has shifted to such a degree than only three customers' account for 22% of sales and no customer accounts for more than 10%. Cash flow was negative in the quarter due to a one-time swing in working capital of $18.7 million. Cash flow should turn solidly positive in the June quarter. The conference call is at 10 am EST. The dial-in is 888-566-6194. Price Target Mkt.Value 52-Week 04/28/991 (12mo.) Div. Yield (MM) Price Range 29.88 $45 519.3 $42.75-17.50 Annual Prev. Abs. Rel. EV/ EBITDA/ EPS EPS P/E P/E EBITDA Share 12/00E $1.70 17.6X 53% 8.0 $4.19 12/99E 1.35 22.1 62% 9.6 3.66 12/98A 0.91 34.3 98% 16.9 2.43 March June Sept. Dec. FY End 1999E $0.22A $0.28 $0.44 $0.43 Dec. 31 1998A 0.13 0.18 0.30 0.30 ROIC (12/99E) 11.2 Total Debt (12/99E) $115 Book Val/Share (12/99E) $12.62 WACC (12/99E) 13.1 Debt/Total Capital (12/99E) 34 Common Shares 17.4 EP Trend2 Up Est. 5-Yr. EPS Growth 30 Est. 5-Yr. Div. Growth

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next