Вы находитесь на странице: 1из 80

Investment Banking

Valuation, Leveraged Buyouts,


and Mergers & Acquisitions

Comparable Companies Analysis - Template

JOSHUA ROSENBAUM
JOSHUA PEARL
($ in millions)
List of Comparable Companies
Equity Enterprise LTM
Company Ticker Business Description Value Value Sales
TargetCo TTT [to come] - - -

Company A AAA [to come] - - -

Company B BBB [to come] - - -

Company C CCC [to come] - - -

Company D DDD [to come] - - -

Company E EEE [to come] - - -

Company F FFF [to come] - - -

Company G GGG [to come] - - -

Company H HHH [to come] - - -

Company I III [to come] - - -

Company J JJJ [to come] - - -


Company K K-- [to come] - - -

Company L LLL [to come] - - -

Company M MMM [to come] - - -

Company N NNN [to come] - - -

Company O OOO [to come] - - -


ValueCo Corporation
Benchmarking Analysis – Financial Statistics and Ratios, Page 1
($ in millions, except per share data)

Market Valuation LTM Financial Statistics LTM Profitability Margins


Gross
Equity Enterprise Gross Net Profit EBITDA EBIT
Company Ticker Value Value Sales Profit EBITDA EBIT Income (%) (%) (%)
TargetCo TTT - - - - - - - NA NA NA

Tier I: Large-Cap
Company A AAA - - - - - - - NA NA NA
Company B BBB - - - - - - - NA NA NA
Company C CCC - - - - - - - NA NA NA
Company D DDD - - - - - - - NA NA NA
Company E EEE - - - - - - - NA NA NA

Mean NA NA NA
Median NA NA NA

Tier II: Mid-Cap


Company F FFF - - - - - - - NA NA NA
Company G GGG - - - - - - - NA NA NA
Company H HHH - - - - - - - NA NA NA
Company I III - - - - - - - NA NA NA
Company J JJJ - - - - - - - NA NA NA

Mean NA NA NA
Median NA NA NA

Tier III: Small-Cap


Company K K-- - - - - - - - NA NA NA
Company L LLL - - - - - - - NA NA NA
Company M MMM - - - - - - - NA NA NA
Company N NNN - - - - - - - NA NA NA
Company O OOO - - - - - - - NA NA NA

Mean NA NA NA
Median NA NA NA

Overall

Mean NA NA NA
Median NA NA NA

High 0% 0% 0%
Low 0% 0% 0%

Source: Company filings, Bloomberg, Consensus Estimates


Note: Last twelve months data based on September 30, 2008. Estimated annual financial data based on a calendar year.
bility Margins Growth Rates
Net Sales EBITDA EPS
Income Hist. Est. Hist. Est. Hist. Est. Est.
(%) 1-year 1-year 1-year 1-year 1-year 1-year LT
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

NA 0% 0% 0% 0% 0% 0% 0%
NA 0% 0% 0% 0% 0% 0% 0%

0% ### 0% 0% 0% 0% 0% 0% 0%
0% ### 0% 0% 0% 0% 0% 0% 0%
ValueCo Corporation
Benchmarking Analysis – Financial Statistics and Ratios, Page 2
($ in millions, except per share data)

General Return on Investment LTM Leverage Ratios


Implied Debt / Debt / Net Debt /
Predicted ROIC ROE ROA Div. Yield Tot. Cap. EBITDA EBITDA
Company Ticker FYE Beta (%) (%) (%) (%) (%) (x) (x)
TargetCo TTT Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Tier I: Large-Cap
Company A AAA Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company B BBB Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company C CCC Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company D DDD Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company E EEE Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Mean 1.00 0% 0% 0% NA 0% 0.0x 0.0x


Median 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Tier II: Mid-Cap


Company F FFF Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company G GGG Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company H HHH Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company I III Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company J JJJ Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Mean 1.00 0% 0% 0% NA 0% 0.0x 0.0x


Median 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Tier III: Small-Cap


Company K K-- Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company L LLL Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company M MMM Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company N NNN Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x
Company O OOO Dec-31 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Mean 1.00 0% 0% 0% NA 0% 0.0x 0.0x


Median 1.00 0% 0% 0% NA 0% 0.0x 0.0x

Overall

Mean 1.00 0% 0% 0% NA 0% 0.0x 0.0x


Median 1.00 0% 0% 0% NA 0% 0.0x 0.0x

High 1.00 0% 0% 0% 0% 0% 0.0x 0.0x


Low 1.00 0% 0% 0% 0% 0% 0.0x 0.0x

Source: Company filings, Bloomberg, Consensus Estimates


LTM Coverage Ratios Credit Ratings
EBITDA / EBITDA EBIT /
Int. Exp. - Cpx/ Int. Int. Exp.
(x) (x) (x) Moody's S&P
0.0x 0.0x 0.0x NA NA

0.0x 0.0x 0.0x NA NA


0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA

0.0x 0.0x 0.0x


0.0x 0.0x 0.0x

0.0x 0.0x 0.0x NA NA


0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA

0.0x 0.0x 0.0x


0.0x 0.0x 0.0x

0.0x 0.0x 0.0x NA NA


0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA
0.0x 0.0x 0.0x NA NA

0.0x 0.0x 0.0x


0.0x 0.0x 0.0x

0.0x 0.0x 0.0x


0.0x 0.0x 0.0x

0.0x 0.0x 0.0x


0.0x 0.0x 0.0x
ValueCo Corporation
Comparable Companies Analysis
($ in millions, except per share data)

Current % of Enterprise Value /


Share 52-wk. Equity Enterprise LTM 2008E 2009E LTM 2008E 2009E LTM
Company Ticker Price High Value Value Sales Sales Sales EBITDA EBITDA EBITDA EBIT
TargetCo TTT - NA - - NA NA NA NA NA NA NA

Tier I: Large-Cap
Company A AAA - NA - - NA NA NA NA NA NA NA
Company B BBB - NA - - NA NA NA NA NA NA NA
Company C CCC - NA - - NA NA NA NA NA NA NA
Company D DDD - NA - - NA NA NA NA NA NA NA
Company E EEE - NA - - NA NA NA NA NA NA NA

Mean NA NA NA NA NA NA NA
Median NA NA NA NA NA NA NA

Tier II: Mid-Cap


Company F FFF - NA - - NA NA NA NA NA NA NA
Company G GGG - NA - - NA NA NA NA NA NA NA
Company H HHH - NA - - NA NA NA NA NA NA NA
Company I III - NA - - NA NA NA NA NA NA NA
Company J JJJ - NA - - NA NA NA NA NA NA NA

Mean NA NA NA NA NA NA NA
Median NA NA NA NA NA NA NA

Tier III: Small-Cap


Company K K-- - NA - - NA NA NA NA NA NA NA
Company L LLL - NA - - NA NA NA NA NA NA NA
Company M MMM - NA - - NA NA NA NA NA NA NA
Company N NNN - NA - - NA NA NA NA NA NA NA
Company O OOO - NA - - NA NA NA NA NA NA NA
Mean NA NA NA NA NA NA NA
Median NA NA NA NA NA NA NA

Overall

Mean NA NA NA NA NA NA NA
Median NA NA NA NA NA NA NA

High 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x


Low 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x

Source: Company filings, Bloomberg, Consensus Estimates


Note: Last twelve months data based on September 30, 2008. Estimated annual financial data based on a calendar year.
LTM Total Price / LT
2008E 2009E EBITDA Debt / LTM 2008E 2009E EPS
EBIT EBIT Margin EBITDA EPS EPS EPS Growth
NA NA NA 0.0.x NA NA NA 0%

NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%

NA NA NA 0.0x NA NA NA 0%
NA NA NA 0.0x NA NA NA 0%

NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%

NA NA NA 0.0x NA NA NA 0%
NA NA NA 0.0x NA NA NA 0%

NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0.x NA NA NA 0%
NA NA NA 0.0x NA NA NA 0%
NA NA NA 0.0x NA NA NA 0%

NA NA NA 0.0x NA NA NA 0%
NA NA NA 0.0x NA NA NA 0%

0.0x 0.0x 0% 0.0x 0.0x 0.0x 0.0x 0%


0.0x 0.0x 0% 0.0x 0.0x 0.0x 0.0x 0%
TargetCo (NYSE:TTT)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name TargetCo
Ticker TTT Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company A (NYSE:AAA)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company A
Ticker AAA Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company B (NYSE:BBB)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company B
Ticker BBB Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company C (NYSE:CCC)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company C
Ticker CCC Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company D (NYSE:DDD)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company D
Ticker DDD Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company E (NYSE:EEE)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company E
Ticker EEE Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company F (NYSE:FFF)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company F
Ticker FFF Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company G (NYSE:GGG)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company G
Ticker GGG Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company H (NYSE:HHH)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company H
Ticker HHH Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company I (NYSE:III)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company I
Ticker III Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company J (NYSE:JJJ)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company J
Ticker JJJ Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company K (NYSE:K--)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company K
Ticker K-- Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company L (NYSE:LLL)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company L
Ticker LLL Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company M (NYSE:MMM)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company M
Ticker MMM Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company N (NYSE:NNN)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company N
Ticker NNN Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Company O (NYSE:OOO)
Input Page
($ in millions, except per share data)

General Information Reported Income Statement


Company Name Company O
Ticker OOO Fiscal Year Ending December 31,
Stock Exchange NYSE 2005A 2006A 2007A
Fiscal Year Ending Dec-31 Sales - - -
Moody's Corporate Rating NA COGS - - -
S&P Corporate Rating NA Gross Profit - - -
Predicted Beta 1.00 SG&A - - -
Marginal Tax Rate 38.0% Other Expense / (Income) - - -
EBIT - - -
Selected Market Data Interest Expense - - -
Current Price 12/30/1899 - Pre-tax Income - - -
% of 52-week High NA Income Taxes - - -
52-week High Price 12/30/1899 - Noncontrolling Interest - - -
52-week Low Price 12/30/1899 - Preferred Dividends - - -
Dividend Per Share (MRQ) - Net Income - - -
Effective Tax Rate NA NA NA
Fully Diluted Shares Outstanding -
Equity Value - Weighted Avg. Diluted Shares - - -
Diluted EPS NA NA NA
Plus: Total Debt -
Plus: Preferred Stock -
Plus: Noncontrolling Interest - Adjusted Income Statement
Less: Cash and Cash Equivalents - Reported Gross Profit - - -
Enterprise Value - Non-recurring Items in COGS - - -
Adj. Gross Profit - - -
Trading Multiples % margin NA NA NA
LTM NFY NFY+1
9/30/2008 2008769 2009770 Reported EBIT - - -
EV/Sales NA NA NA Non-recurring Items in COGS - - -
Metric - - - Other Non-recurring Items - - -
EV/EBITDA NA NA NA Adjusted EBIT - - -
Metric - - - % margin NA NA NA
EV/EBIT NA NA NA
Metric - - - Depreciation & Amortization - - -
P/E NA NA NA Adjusted EBITDA - - -
Metric - - - % margin NA NA NA

LTM Return on Investment Ratios Reported Net Income - - -


Return on Invested Capital - Non-recurring Items in COGS - - -
Return on Equity - Other Non-recurring Items - - -
Return on Assets - Non-operating Non-rec. Items - - -
Implied Annual Dividend Per Share NA Tax Adjustment - - -
Adjusted Net Income - - -
LTM Credit Statistics % margin NA NA NA
Debt/Total Capitalization -
Total Debt/EBITDA - Adjusted Diluted EPS - - -
Net Debt/EBITDA -
EBITDA/Interest Expense -
(EBITDA-capex)/Interest Expense - Cash Flow Statement Data
EBIT/Interest Expense - Depreciation & Amortization - - -
% sales NA NA NA
Growth Rates Capital Expenditures - - -
Sales EBITDA EPS % sales NA NA NA
Historical
1-year - - -
2-year CAGR - - - Notes
Estimated (1) [to come]
1-year - - - (2) [to come]
2-year CAGR - - - (3) [to come]
Long-term - (4) [to come]
Business Description
[to come]

Balance Sheet Data


Prior Current 2007A 9/30/2008
Stub Stub LTM Cash and Cash Equivalents - -
9/302007 9/30/2008 9/30/2008 Accounts Receivable - -
- - - Inventories - -
- - - Prepaids and Other Current Assets - -
- - - Total Current Assets - -
- - -
- - - Property, Plant and Equipment, net - -
- - - Goodwill and Intangible Assets - -
- - - Other Assets - -
- - - Total Assets - -
- - -
- - - Accounts Payable - -
- - - Accrued Liabilities - -
- - - Other Current Liabilities - -
NA NA NA Total Current Liabilities - -

- - - Total Debt - -
NA NA NA Other Long-Term Liabilities - -
Total Liabilities - -

Noncontrolling Interest - -
- - - Preferred Stock - -
- - - Shareholders' Equity - -
- - - Total Liabilities and Equity - -
NA NA NA Balance Check 0.000 0.000

- - - Calculation of Fully Diluted Shares Outstanding


- - - Basic Shares Outstanding -
- - - Plus: Shares from In-the-Money Options -
- - - Less: Shares Repurchased -
NA NA NA Net New Shares from Options -
Plus: Shares from Convertible Securities -
- - - Fully Diluted Shares Outstanding -
- - -
NA NA NA Options/Warrants
Number of Exercise In-the-Money
- - - Tranche Shares Price Shares Proceeds
- - - Tranche 1 - - - -
- - - Tranche 2 - - - -
- - - Tranche 3 - - - -
- - - Tranche 4 - - - -
- - - Tranche 5 - - - -
NA NA NA Total - - -

- - - Convertible Securities
Conversion Conversion New
Amount Price Ratio Shares
Issue 1 - - - -
- - - Issue 2 - - - -
NA NA NA Issue 3 - - - -
- - - Issue 4 - - - -
NA NA NA Issue 5 - - - -
Total -
Copyright © 2009 by Joshua Rosenbaum and Joshua Pearl. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.


Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in


any form or by any means, electronic, mechanical, photocopying, recording, scanning, or
otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright
Act, without either the prior written permission of the Publisher, or authorization through
payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222
Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 750-4470, or on the web
at www.copyright.com. Requests to the Publisher for permission should be addressed to the
Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030,
(201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their
best efforts in preparing this book, they make no representations or warranties with respect
to the accuracy or completeness of the contents of this book and specifically disclaim any
implied warranties of merchantability or fitness for a particular purpose. No warranty may
be created or extended by sales representatives or written sales materials. The advice and
strategies contained herein may not be suitable for your situation. You should consult with a
professional where appropriate. Neither the publisher nor author shall be liable for any loss
of profit or any other commercial damages, including but not limited to special, incidental,
consequential, or other damages.

For general information on our other products and services or for technical support, please
contact our Customer Care Department within the United States at (800) 762-2974, outside
the United States at (317) 572-3993 or fax (317) 572-4002.

Wiley also publishes its books in a variety of electronic formats. Some content that appears
in print may not be available in electronic books. For more information about Wiley
products, visit our web site at www.wiley.com.

Library of Congress Cataloging-in-Publication Data:

ISBN-13 978-0-470-44220-3
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1

Вам также может понравиться