Logicamms Limited (LCM)
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Essentials
Recent News Highlights
Half-yearly Performance & Estimates - LCM
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 96.8 | 56.2 | 122.5 | 65.3 | 129.6 | 164.0 | 173.0 |
| EBITDA, $m | 4.3 | 4.0 | 10.6 | 7.1 | 13.1 | 19.0 | 20.1 |
| EBIT, $m | 4.3 | 4.0 | 10.6 | 7.1 | 13.1 | 17.9 | 19.2 |
| Report NPAT, $m | 4.7 | 4.7 | 10.7 | 5.7 | 11.1 | ||
| Adj. NPAT, $m | 11.1 | 13.8 | 14.6 | ||||
| Reported EPS, ¢ | 8.00 | 7.00 | 16.00 | 8.00 | 16.00 | ||
| Adjusted EPS, ¢ | 16.00 | 19.40 | 20.50 | ||||
| EPS %FY/Growth | 44% | 100% | 50% | 0% | 21% | 6% | |
| Dividend, ¢ | 4.5 | 3.5 | 8.5 | 4.5 | 9.0 | 10.00 | 11.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 4% | 0 | 9% | 10.9% | 10% | 11.6% | 11.6% |
| NPAT Margin | 5% | 0 | 9% | 8.7% | 9% | 8.4% | 8.4% |
| ROE, % | 7% | 0 | 16% | 8 | 14% | ||
| EBIT/Interest | -30.8 | 0.0 | -25.8 | -29.34 | -25.5 | ||
| Net Debt / Equity | -0.22 | 0 | -0.24 | -0.32 | -0.17 | ||
| CashFlow/Sh, ¢ | 6.0 | 4.1 | 14.7 | 16.3 | 22.0 | 19.3 | 20.4 |
| Y/E Shares, m | 67.2 | 67.6 | 67.5 | 67.4 | 69.7 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-year Performance & Estimates - LCM
| Year-end June | 1H11A | FY11A | 1H12A | FY12A | 1H13A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 55.3 | 96.8 | 56.2 | 122.5 | 65.3 | 141.0 | 158.0 |
| EBITDA, $m | 4.3 | 4.3 | 4.0 | 10.6 | 7.1 | 16.0 | 18.0 |
| EBIT, $m | 4.3 | 4.3 | 4.0 | 10.6 | 7.1 | 15.2 | 17.0 |
| Report NPAT, $m | 4.2 | 4.7 | 4.7 | 10.7 | 5.7 | ||
| Adj. NPAT, $m | 5.7 | 12.0 | 13.0 | ||||
| Reported EPS, ¢ | 7.00 | 8.00 | 7.00 | 16.00 | 8.00 | ||
| Adjusted EPS, ¢ | 8.00 | 17.00 | 17.80 | ||||
| EPS %FY/Growth | 88% | 44% | 100% | 14% | 6% | 5% | |
| Dividend, ¢ | 3.25 | 4.5 | 3.5 | 8.5 | 4.5 | 10.25 | 11.50 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 10% | 4% | 0 | 9% | 10.9% | 11.3% | 11.4% |
| NPAT Margin | 8% | 5% | 0 | 9% | 8.7% | 8.5% | 8.2% |
| ROE, % | 11% | 7% | 0 | 16% | 8% | ||
| EBIT/Interest | 266.3 | -30.8 | 0.0 | -25.8 | -29.34 | ||
| Net Debt / Equity | -0.12 | -0.22 | 0 | -0.24 | -0.32 | ||
| CashFlow/Sh, ¢ | 1.8 | 6.0 | 4.1 | 14.7 | 16.3 | 22.3 | 19.5 |
| Y/E Shares, m | 60.2 | 67.2 | 67.6 | 67.5 | 67.4 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Half-year Performance & Estimates - LCM
| Year-end June | 1H10A | FY10A | 1H11A | FY11A | 1H12A | FY12E | FY13E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 28.8 | 70.8 | 55.3 | 96.8 | 56.2 | 122.0 | 150.0 |
| EBITDA, $m | 3.2 | 7.0 | 4.3 | 4.3 | 4.0 | 10.4 | 14.2 |
| EBIT, $m | 3.2 | 6.4 | 4.3 | 4.3 | 4.0 | 9.8 | 13.5 |
| Report NPAT, $m | 2.6 | 5.6 | 4.2 | 4.7 | 4.7 | ||
| Adj. NPAT, $m | 4.7 | 9.7 | 10.6 | ||||
| Reported EPS, ¢ | 7.00 | 12.00 | 7.00 | 8.00 | 7.00 | ||
| Adjusted EPS, ¢ | 7.00 | 14.65 | 15.70 | ||||
| EPS %FY/Growth | 58% | 88% | -33% | 0% | 83% | 7% | |
| Dividend, ¢ | 2.75 | 6.25 | 3.25 | 4.5 | 3.5 | 7.40 | 8.35 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 10% | 10% | 10% | 4% | 7.1% | 8.5% | 9.5% |
| NPAT Margin | 8% | 8% | 8% | 5% | 8.4% | 8.0% | 7.1% |
| ROE, % | 11% | 11% | 11% | 7% | |||
| EBIT/Interest | 266.3 | 266.3 | 266.3 | -30.8 | -21.05 | ||
| Net Debt / Equity | -0.12 | -0.12 | -0.12 | -0.22 | 0.00 | ||
| CashFlow/Sh, ¢ | 9.8 | 3.6 | 1.8 | 6.0 | 4.1 | 10.4 | 15.0 |
| Y/E Shares, m | 40.7 | 60.0 | 60.2 | 67.2 | 67.6 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Company Overview
Profile
Logicamms
Rating:
Category: Spec Stock ; Midcaps
Action:
Website: www.logicamms.com.au
| ASX code: | LCM |
| Closing Price, 30/12/2013: | $ 1.600 |
| Market Capitalisation: | $ 115 million |
| 52 Week High: | $ 2.24 |
| 52 Week Low: | $ 1.12 |
| Sector: | Capital Goods |
| Index: | S&P/ASX Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 10.7 | 11.1 | 12.8 | 13.8 |
| Reported EPS, ¢ | 16.00 | 16.00 | ||
| Adjusted EPS, ¢ | 16.00 | 18.10 | 19.80 | |
| EPS Growth, % | 100% | 0% | 13% | 9% |
| P/E Ratio, x | 10.00 | 10.00 | 8.84 | 8.08 |
| Dividend, ¢ | 8.5 | 9.0 | 9.00 | 10.25 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 5.31 | 5.63 | 5.63 | 6.41 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Capital Goods |
| Return on Equity, FY13 : | 14% |
| Net Debt to Equity, FY13 : | -17 % |
| EBIT / Interest Cover, FY13 : | -25.5 x |
| Gicscode: | 20100000 |
| First Listed: | 11-Dec-07 |
Business Activities
Logicamms Limited (LCM) provides project and specialised engineering services to the mining, hydrocarbons, infrastructure and specialist industries.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |