Category: Quarter
McDonald 2012 3Q financial analysis
| 2012 November 7 | Posted by admin under 2012 3Q, McDonald, Services, USA |
Comapnies 3Q results look flat. Although last 12 month earnings were up by 2% from 27,0 bn.$ to 27,4bn.$ compared to 2011Y Net income has shrink a little bit by -1% from 5,5 bn.$ to 5,4 bn.$. On the other hand if you look at 5 year perspective both sales and net income are stably increasing, so few more years are…
Coca-Cola 2012 3Q financial analysis
| 2012 November 4 | Posted by admin under 2012 3Q, Coca-Cola, Consumer Goods, USA |
Companies 2012 3Q results are slightly positive. Overall past 5 years show stable revenue and Net income growth. If comparing 3Q accumulative last 12 month results (2012 9 months+20114Q) with 2011Y revenue has increased from 46,5 bn.$ to 47,6 bn.$ or Δ+2,2%. Net income has increased from 8,6 bn.$ to 8,8 bn.$ or Δ+2,7%. This growth is quite good if taking…
Companies comparison 2012 2Q
| 2012 September 30 | Posted by admin under 2012 2Q, Companies comparisons |
15 major word companies financial 2012 2Q figure comparison and evaluation. British petroleum - although companies share value has increased from ~38$ to ~43$ compared to Q1 its results remain very good. 2Q results were negative due to 4,8 bn.$ impairment due to stooped Alaska project. Even tough companies share profitability remains very good 12,7%. When this impairment effect cases profitability will be…
IBM 2012 2Q financial analysis
| 2012 September 12 | Posted by admin under 2012 2Q, IBM, Technology, USA |
IBM results are average. Quarter sales are down by -3% compared to 2011 2Q. On the other hand Net infome before depreciation has increased by +3% but in general there is no visible growth and results looks a bit flat. Decrease is in all segments. Most in System and Technology -9% least in most profitable…
Wal-Mart Stores 2012 2Q financial analysis
| 2012 September 8 | Posted by admin under 2012 2Q, Services, USA, Wal-Mart Stores |
Wal-Mart 2Q results are positive. Revenue and generated profit has increased compared to previous year. Revenue increased by +4,5% Net Income before depreciation by +7,6%. Main sales comes from US which increased by 3,8% Bigest growth comes from Walmart International increased by 6,4% In general companies results are positive. While companies results shows good results balance…
Intel 2012 2Q financial analysis
| 2012 August 22 | Posted by admin under 2012 2Q, Intel, Technology, USA |
Intel 2012 2Q results are positive, company is back to growth track after past few quarters of decrease. Revenue is up both if compared with 2011 2Q and 2012 1Q by Companies main sales goes to Assia-Pacific region. Since this region will continue to show largest growth that is a good news. Compared to previous year…
Facebook 2012 2Q financial analysis
| 2012 August 21 | Posted by admin under 2012 2Q, Facebook, Technology, USA |
Facebook 2Q saw large amount of expenses, which lead to -0,6 bn.$ Net earnings before depreciation. Revenue shows further growth by 45% if compared to 2012 2Q and by 12% if compared to previous 1Q, which is a good sign. Main source of loss was 1,56 bn.$ of operational expenses. Out of which 0,7 bn.$ was in Research and development.…
Microsoft 2012 2Q financial analysis
| 2012 August 20 | Posted by admin under 2012 2Q, Microsoft, Technology, USA |
Microsoft first time ever announced quarter loss at 2012 2Q. That was due to 6,2 bn.$ Goodwill write-off. Such Goodwill comes from acquisitions, were company is bought for higher then its balance value. Companies with large Goodwill in their balance are at risk of such write-offs. This is basically including purchase expenses into companies Income statement from balance sheet. If excluded companies results…
Apple 2012 2Q financial analysis
| 2012 August 18 | Posted by admin under 2012 2Q, Apple, Technology, USA |
Apple 2012 2Q results have to say are disappointing. Although compared with 2011 2Q revenue has increased by 23% from 28,6 bn.$ to 35 bn.$ but as can be seen from graph below pas few quarters if compared to each other show a decrease. If compared to Q1 revenue has decreased by -5% from 26,8 bn.$ Same…
Google 2012 2Q financial analysis
| 2012 August 17 | Posted by admin under 2012 2Q, Google, Technology, USA |
Google 2012 2Q results are good. 2012 2Q revenue shows good increase to 12,2 bn.$. or +35% compared to 2011 2Q 9,0 bn.$. Main driver of such jump at 2Q was that from 2Q Motorola results are include into Google financials. Net Income before depreciation has increased to 3,5 bn.$ which is +17% increase compared to 2011…
After acquisition of Motorola Google income became a bit more diversified. Although Motolola is just ~10% of Google income, but its a start. Income from Google website and google network has increased by ~20% compared to previous year. Main companies revenue source 2/3 is still from Google.com website.
According to http://www.netmarketshare.com Google share in search engine market stays stable around 80% so Google continues to be #1 without any notable competition. And in Mobile devices Google share is even larger ~90%.
Company is competing in its competitors fields: 1) Google+ competing with Facebook; 2) Chrome with Microsoft Explorer and 3) Android mobile + Motorola acquisition competing with Apple IPhone/IPad. As Mobile device market is almost dubbing each year this is were the main battle will be fought.
At mobile operating system Google Android has increased its share a bit from 19% to 20%, but Apple (iOS) stays on top with its market share increased from 60% to 65%. So Google at the moment is behind Apple and the gap is even widening.
Company is gaining ground in new segments and is firmly holding its main search market. In general companies results are positive.
Balance structure continues to be very strong even after Motorola integration who had quite a lot of debts. Equity level has decreased only to 75% which is a very good ratio. ROE has drooped to 17% and should be monitored closely in the future. Liquidity level 3,8 very good due to large cash and equivalent reserves which drooped a bit at Q2 from 49 bn.$ to 43 bn.$ due to acquisition of Motorola, but still this is equals of 1/2 of total companies asset. Motorola acquisition is visible in Fixed asset increase from 20 bn.$ to 32 bn.$. In general companies balance structure remains strong.
Share value:
| Equity / share | 64,7 bn.$ | 0,327 bn. | 198 $/sh. |
| Market value | 673$ | +475£ | 11,7 years |
| Year Net income before Depreciation | 13,3 bn.$ | +40,7 $/sh. | 6,0% |
Companies share basic value is ~198$ (Δ+4,2% from 190$ compared with Q1). Current market price is ~673$ (Δ+11,1% compared to past analysis time 606$) shows that market is paying 475$ more or 11,7 years (10,6 years) of Net income before Depreciation earnings, which quit a lot. Due to high share market value increase in past quarter its price got even more over evaluated. Share profitability (Share market price/Net income before Depreciation) is 6,0% (6,5%) which is also low. In general share is over evaluated and got even more over evaluated since 1Q analysis.
Analysis source: Google Second Quarter 2012 Financial Results
Previous analysis: Google 2012 1Q financial analysis
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