Sentences with phrase «positive debt adjustment»

The financial impact of this acquisition is negligible as it can be financed from cash on hand — in fact, TOT's additional debt capacity warrants a positive debt adjustment.

I'll add a tweak — a positive debt adjustment to reflect the company's ample capacity to fund acquisitions, expansions and / or share buybacks.

A 1.67 Price / Sales ratio still looks appropriate, plus a positive debt adjustment to reflect their cash / debt capacity.

Fyffes» strong financial position suggests a positive debt adjustment is also appropriate.

A positive debt adjustment is also appropriate, considering RYA's currently sporting 10 times interest coverage & has a history of share buybacks & a special dividend in the past year.

I'll increase their P / E to 14, but the continued Energy - led decline in their operating margin (to a likely 1.8 %) now deserves a 0.175 Price / Sales ratio (plus a small / positive debt adjustment to reflect further acquisition capacity).

Operating free cashflow margins continue to outpace operating profit — at 28.2 %, a 3.25 Price / Sales ratio still looks fair, while a substantial positive debt adjustment is clearly appropriate in light of the balance sheet strength & the ringing success to date of their Australian acquisition.

I reckon an 11 P / E, together with a 0.5625 P / S ratio (reflecting a 6.2 % operating margin), look about right now for OGN — and we can supplement that with a flip to a positive debt adjustment.

Not exact matches

With net interest expense now standing at about 15 % of operating profit, there's no need for any debt adjustment to my valuation, positive or negative.

Since the company remains financially strong (with additional property to sell), we can still apply a (positive) debt adjustment — but it's much reduced now at just GBP 8 million, and I'll haircut it by 50 % as usual.

I calculate 385 M of debt would put net interest expense around 15 % of operating profit — let's count just 50 % of that debt, plus 100 % of available net cash, and include it as a (positive) cash / debt adjustment to my P / S valuation.

Since Datalex enjoys long - term contracts, and recurring transaction revenue now represents 45 % of total revenue, I also think a (positive) debt adjustment's appropriate at this point.

Of course, we'll also add cash of 2.7 M to this (positive) debt adjustment.

To be (somewhat) conservative, let's haircut this incremental debt by 50 % & include it as a (positive) debt adjustment to our P / S valuation.

Now, looking at the balance sheet, we can also add a (positive) debt adjustment.

I consider my valuation multiple a reasonable compromise between higher sector multiples & the risk of a devastating client loss... Plus it allows me to (fairly) comfortably apply a (positive) debt adjustment: Based on the company's 4.7 M of (annualized) adjusted operating profit (& zero debt), management could easily draw down 14.2 M of debt for expansion, acquisitions, etc. — as usual, I'll haircut this by 50 %.

Therefore, we'll no longer add a (positive) debt adjustment, but we can certainly still adjust for the company's cash pile (247 M less 35 M earmarked for Valerus).

I'll also make a (positive) debt adjustment here — I calculate another 155 M of debt would still limit net interest expense to 15 % (or less) of operating profit.