Scenario I maps out respective AUME / management fee rates in 5 years time, using prospective CAGRs which are 50 % (except for passive hedging AUME, at 33 %) of Record's
actual FY - 2012 / 2016 growth / decline rates — resulting in future revenue of # 24.6 million & a 3.38 p EPS.
While Scenario II only uses prospective CAGRs which are 50 % of Record's
actual FY - 2012 / 2016 growth / decline rates, except no change in dynamic hedging & currency for return fee rates is assumed — resulting in future revenue of # 29.9 million & a 4.71 p EPS.
[Apologies if you'd prefer
actual FY 2012 stock performances — but I'm sure there would be a high degree of overlap, anyway].
Which is substantially lower than the ISEQ's
actual FY - 2014 performance of 15.1 % ** (the Irish market obviously enjoyed a great Q1 surge), though it's clearly an appropriate benchmark to use.
8-25-2015 Regular Board Meeting APPROVED Agenda 4.28.2015 Board Meeting minutes DRAFT 6-30-2015 Regular Board Meeting Minutes DRAFT ACES Construction Update Proposed Board Calendar CDE Uniform Complaint Determination Special Ed Profile Smarter Balance Assessment Data ACES, TAS, WAHS Report and Professional Development Plans FY 2014 - 15 Financials FY 2014 - 15 Unaudited Actual Reports Submitted to LAUSD 3 Year Budget with Cash Flow FY 2015 - 16 Education Protection Act - Budget FY 2014 - 15 Education Protection Act -
Actual FY 2013 - 14 & 2014 - 15 Common Core California Credit Union Proposal
Their actual FY 2015 experience was well below those levels: 5.2 percent net of fees for NYSTRS, and 3.4 percent collectively for the city funds.
Not exact matches
«The savings from debt management in
FY 2015 and
FY 2016 also reflect
actual and planned prepayments of debt service, based on DOB's estimate of available resources,» according to the budget report.
In analyzing the impact of the
FY 1998 budget proposal on R&D, AAAS used the
FY 1994
actual estimates as a baseline for comparison.
That means the number of awards to be issued in
FY 2017 will be larger than predicted, and thus the
actual reductions proposed in
FY 2018 from
FY 2017 levels is in reality larger than those shown in these initial figures.
DOT has also established a Pilot Program for Federal Highway Administration (FHWA) and Federal Transit Administration (FTA) grant recipients utilizing research authorities and authority under a General Provision in the Fiscal Year (
FY) 2016 Consolidated Appropriations Act that enables such recipients to utilize local hiring preferences for purposes of evaluating the
actual impacts on competition.
4 Capex includes a
FY GBP 310 K of finance leases, and ignores any
actual / potential property, plant & equipment sales.
[NB:
Actual ISEQ
FY 2012 performance of 17.1 % was, of course, significantly higher (due to strong gains in the first five weeks of 2012).
CRH's
FY - 2015 EBIT margin was 5.6 %, which compares to a peak 9.9 % margin (back in 2007)-- so relying on the company's
actual Op FCF margin (of 8.3 %) seems appropriate here for valuation purposes & deserves a 0.75 P / S multiple.
So, just apply an average to every single market you operate in, assume there's no competition / alternatives, presume you then capture 100 % of that projected business, and voila you could be generating $ 3 billion of additional revenue... And just so we add some context here, Digicel's
actual Business Solutions revenue amounted to a mere 4 % of its $ 2.8 billion of revenue in
FY - 2015!]
As a note, I used adjusted EPS for
FY 2017, due to AT&T recording a large one - time gain for
FY 2017 that isn't material to
actual profit or growth.