UML - Result out

Monster · 1 UML - Result out Thu May 12, 2011 4:05 pm

Monster

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http://www.cse.lk/cmt/upload_report_file/697_1305198898095.pdf
Net profit after Tax - 344 million.
EPS - Rs5.11
Annual EPS - Rs13.42

YoY is exceptional. Revenue has increased when we compare the last quarter (December).

I would like to see how duty change on motor vehicles is going to effect the next quarter result.

SMOT and UML has come up with better result. Let's see how DIMO and ASHO are going to perform. Can DIMO produce exceptional profit as they produced last quarter?

ShareShares · 2 Re: UML - Result out Thu May 12, 2011 6:34 pm

ShareShares

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Thanks for update. UML is a fundamentally good share, not many discussions were seen here. There are many shares need further analysis.

mark · 3 Re: UML - Result out Thu May 12, 2011 9:50 pm

mark

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http://forum.srilankaequity.com/t2554-uml-and-taj-are-these-shares-good#17783

*United Motors is the sole distributor of Mitsubishi vehicles in the country with a
market share of 36% of total Japanese brand new vehicle imports in Sri Lanka and 6% of total brand new vehicle registrations in the country in 2010. The company dominates the brand new segments for Japanese trucks,Sports Utility Vehicles (SUVs) and vans with a market share of 64%, 46% and 50%respectively. The company also distributes genuine Mitsubishi spare parts and has workshop facilities for repairs and lubrication services. In addition, they are engaged in distributing Valvoline lubricants and Eagle One car care products.

*UML’s fully owned subsidiary, Unimo Enterprises Ltd., also offers a range of products including import and sale of Perodua cars from Malaysia, JMC commercial vehicles f rom China, Yokohoma tyres from Japan and Apollo tyres from India. The company commenced assembly of the Zotye Nomad SUV with assembly kits imported from China

*A majority of revenue will be driven by sales of Mitsubishi Monteros and other Mitsubishi SUVs, double cabs, Perodua cars, Zotye Nomad and JMC trucks. On the back of the strong performance posted during the 1H FY11 and based on the forecasted performance, this segment’s contribution is expected to increase to 44% by the end of the current financial year. Contribution from motor cycle and three wheeler segments is expected to increase accounting for 18% of revenue by end of FY11. Spare parts and repair and services segments are likely to contribute to 17% of revenue.

*We expect the company’s revenue to grow by 46.7% YoY on the back of an anticipated revenue growth of 60% in the brand new vehicle segment, 30% in spare parts, 30% in repair and services and 25% in motor cycles

*We expect UML to make Rs. 641m in earnings for FY11 amounting to an earnings
growth of 341% YoY. Gross margins are expected to increase marginally over FY11 to
FY12 while distribution costs are expected to increase at a CAGR of 30.83% with planned expansion in the dealer network for spare parts, motor cycles and three wheelers in the coming years. Administration expenses are expected to decline at a CAGR of 2.6% YoY from FY11 onwards and a substantial reduction of 67.3% in interest expenses is expected YoY for FY11.