Sentences with phrase «adjusted operating margin»

ii) Mature operating margins of 50 - 60 % + for Google's core business wouldn't surprise me in the least, but let's stick to the 40 % adjusted operating margin I identified above.

Which has delivered a (totally transformed) 11.1 % adjusted operating margin on continuing ops.

Adjusted operating margin in FY - 2015 was 17.8 %, well above the previous peak of 14 % back in 2007 — that deserves a 1.75 Price / Sales ratio, based on Last Twelve Months (LTM) revenue of $ 327 million (as of end - April).

Adjusted operating margin has now expanded, with the latest acquisitions, to 2.8 % — which deserves a bump to a 0.25 P / S ratio.

If I'm wrong: Well, again, it's dirt cheap... the stock now trades on 1.0 times sales, even though it boasts an average 20 % + adjusted operating margin (operating profit plus financial income) over the last decade, and a sub - $ 1 million / (2.2) % adjusted operating loss in its worst - ever year.

Meanwhile, adjusted operating margin's stable around 6.4 %, which still deserves a 0.5625 Price / Sales multiple.

Fortunately, at this point, it's priced for (permanent) recession... trading for 0.6 times book, 0.7 times (peak) turnover (noting adjusted operating margin also peaked then, at 39 %), and 2.5 times (peak) earnings.

And Saga's LTM finance expense of EUR (2.0) million can be expected to decline with the recent / ongoing decline in receivables & debt — meanwhile, it stands at 13.5 % of Saga's LTM adjusted operating margin (of EUR 14.8 million), which remains within my usual zone of comfort.

Noting this working capital outflow has essentially been reversed since (see Q1 / Q3 -2015 above), it's sensible to adjust accordingly — for example, if I substitute the adjusted operating margin of 7.6 % for FY - 2014, I re-calculate the average adjusted Op FCF margin to be 26.0 %.

FY - 2013 / 2014), Saga's average adjusted operating margin now stands at 26.5 %.

Kerry's currently earning a 9.9 % adjusted operating margin — this masks an improving 12 % + margin on Ingredients & Flavours, versus a sub-8 % margin on Consumer Foods.

Post-divestments, Origin's adjusted operating margin's a little lower at 5.3 %, which now deserves a 0.5 Price / Sales ratio.

Fortunately, I did consider some stress - testing in my analysis — noting Saga was a financially strong company, it had produced an average adjusted operating margin (inc. financial income) of 24.2 % over a 7 year cycle, its adjusted operating margin barely turned negative (1.4 %) in 2009 (despite a 39 % drop in sales), and the company's actually been around for 75 years plus!

Their latest trading statement confirms revenues of EUR 2.17 bio for 2012, and an adjusted operating margin of not less than EUR 70 mio.

I calculate Keywords» adjusted operating margin was 14.4 % in FY - 2015.

The adjusted operating margin in first - quarter 2018 was 17 percent, compared with 18.5 percent in 2017.

I would therefore only award a P / E of 10, and its 4.4 % adjusted operating margins only gets me to a 0.375 P / S ratio — both of which confirm United Drug's only a little undervalued.

Not exact matches

The Company presents operating income, operating margin, net earnings, diluted earnings per share (EPS), on both a U.S. GAAP basis and on an adjusted basis, organic revenue growth on a U.S. GAAP basis, and also presents adjusted EBITDA and adjusted EBITDA margin.

The company maintains its full year 2018 outlook of Organic Net Revenue growth of 1 to 2 percent, Adjusted Operating Income margin of approximately 17 percent and double - digit Adjusted EPS growth on a constant - currency basis.

Organic Net Revenue, Adjusted Operating Income (and Adjusted Operating Income margin), Adjusted EPS, Adjusted Gross Profit (and Adjusted Gross Profit margin), Free Cash Flow and presentation of amounts in constant currency are non-GAAP financial measures.

We believe that adjusted diluted net income per share, adjusted net income, adjusted operating income, adjusted operating income margin and adjusted EBITDA are useful measures for investors to review, because they provide a consistent measure of the underlying financial results of our ongoing business and, in our management's view, allow for a supplemental comparison against historical results and expectations for future performance.

Non-GAAP measures include adjusted diluted net income per share, adjusted net income, adjusted operating income, adjusted operating income margin and adjusted EBITDA, in each case excluding the impacts of certain identified items.

Because we hold significant assets and liabilities in currencies other than our Russian ruble operating currency, and because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present adjusted net income and related margin measures excluding these effects, in order to provide greater clarity regarding our operating performance.

Also, please note that during this call and in the accompanying slides and press release, net sales, gross profit, gross margin, SG&A, SG&A margin, operating income / loss, other expense / income, net income / loss before provision benefit for income taxes, provision benefit for income taxes, income / loss from continuing operations and EPS are presented on both a GAAP and a non-GAAP adjusted basis.

Highlights Revenues increased by 15 %, with Group organic [1] revenue growth of 5.2 % Adjusted operating profit margin improved to 15.3 % from 14.6 % Adjusted profit before tax up 21 % to # 29.3 m Adjusted diluted earnings...

Adjusted gross margin fell by 3 percentage points to 33.8 % of sales and operating margin dropped to 17.4 % of sales from 18.8 % a year ago.

Adjusting for special items, the card giant saw a 17 % rise in operating costs, lagging behind the pace of sales growth and thereby boosting margin figures.

When applied to 2017, under the method adopted by Wolters Kluwer, the adjusted operating profit margin would be 22.2 %, diluted adjusted EPS $ 2.22, and ROIC 9.8 %.

We achieved moderate annual revenue increases in Jewish Networks and Other Affinity Networks, improved Contribution margins to 74 %, cut Operating Expenses by 19 %, drove annual Adjusted EBITDA to record levels at a 28 % margin and returned capital to stockholders by using cash flow to repurchase 21 % of the shares outstanding at the start of 2008... we are disappointed with second half trends and in particular the fourth quarter, as revenue and subscribers decreased sequentially in each online segment.

In contrast, I've often quoted the Shiller P / E (which essentially uses a 10 - year average of inflation - adjusted earnings) as a simple but historically informative alternative, but I should emphasize that we strongly prefer our standard methodologies based on earnings, forward earnings, dividends and other fundamentals, all which have a fairly tight relationship with subsequent 7 - 10 year total returns (see Lessons from a Lost Decade, The Likely Range of Market Returns in the Coming Decade, Valuing the S&P 500 Using Forward Operating Earnings, and No Margin of Safety, No Room for Error).

Ramius further stated it believes a significant opportunity exists to adjust the cost structure of the Issuer to achieve acceptable operating margins, even at the current revenue run rate, and urged management and the Board to focus its attention on driving cost improvements by re-focusing on the Company's core businesses and de-emphasizing growth investments in non-core product lines such as WiMAX.

Based on Keywords» recent results, we can peg its (post-Babel) revenue run - rate at just over EUR 24 M — unfortunately, it will need to re-build its (adjusted) operating margin from the current 14.8 %.

The top line continues to look attractive — with net revenue growing 17 % in constant currency terms, but the operating profit margin contracted to 18.4 %, while adjusted diluted EPS growth slowed drastically to 5 % (also on a cc basis).

Despite this, Avon's operating profit margin & EPS still ended lower in 2011, even on an adjusted basis..?!

Kentz» operating margin (adjusting for average minority interest in the past year) remains around 6.3 %, so a 0.6 Price / Sales ratio still looks about right, together with a substantial debt adjustment to reflect their financial strength (they're interested in acquisitions).

Trailing 12 - mth revenue is $ 22.3 mio, and adjusted EBITDA's $ 2.2 mio, for a 9.7 % operating margin.

Absolute Valuation: Let's play find the smallest number... At the current EUR 0.084 share price, Zamano trades on a 0.5 P / S multiple (despite a 13.9 % operating margin), 4.8 times net income, 4.1 times adjusted net income, 3.6 times free cash flow & just 3.2 times EBITDA.

Adjusted EBITA's their preferred measure of operating profitability — a cumulative 39 % increase has lagged revenue, as their (fairly static) adj EBITA margin has averaged 1.83 % since (versus 2.09 % in 2006).

This produced adjusted operating profit of GBP 71 mio, a 6.1 % margin.

Meanwhile, production continues to increase, revenue now exceeds $ 2.6 billion, and the adjusted operating profit margin's just over 45 %.

Saga's adjusted operating profit margin has actually tripled vs. the 7.6 % margin we saw in FY - 2014.

the cost of the Saga acquisition, the company: i) has a rather stunning 3 year average adjusted operating free cash flow margin of 50.3 %, and ii) trades at just 7.1 times its 3 year average free cash flow.

revenue of $ 934 million — unfortunately, we continue to see the same cash flow issue each year, on average a 20 % + shortfall in Op FCF (vs. adjusted operating profit) over 2015 - 16, implying an adjusted 8.6 % margin is more appropriate in determining a suitable 0.875 Price / Sales multiple.

We can obviously treat all prior research expenditure as a «free option» at this point, and amortize the 2013 expense accordingly (by adding back two thirds of the spend), which reveals an underlying 18.9 % adjusted operating profit margin.

The company's adjusted operating free cash flow (Op FCF, after adding back aircraft operating lease costs of EUR 45.2 million) margin remains pretty stable at 8.1 % — which deserves a 0.75 P / S multiple.

That puts adjusted operating profit at 3.9 M, a hefty 36 % margin — which I peg at a 3.25 P / S multiple (on a grossed up 13.0 M of net revenue).

Considering the history of success, and the current backlog / pipeline, it might seem unfair to handicap my valuation because of this cash shortfall — but let's be conservative here: The current operating free cash flow margin is 3.4 %, so let's average the two & utilize a 5.2 % adjusted margin (or 85 M).