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PREDICTOR
FEBRUARY 2012
What is
KPMGs
M&A
Predictor?
14%
Market
Confidence
Since December
2010
18%
Net Debt/
EBITDA
By December
2012
*The financial services and property sectors are excluded from our analysis, as net debt/EBITDA ratios are not considered relevant in these industries. All the raw data within the
Predictor is sourced from Capital IQ. Where possible, earnings and EBITDA data is on a pre-exceptionals basis with the exception of Japan, for which GAAP has been used.
2012 KPMG International Cooperative (KPMG International), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved.
While confidence
drops, capacity is
still rising.
Some sectors faring better than others
Confidence lags capacity
14
13
12
11
10
9
8
Dec-10
Jun-11
Dec-11
Basic materials
Consumer discretionary
Energy
Healthcare
Industrials
Consumer staple
Technology
Telecommunications Services
Utilities
2012 KPMG International Cooperative (KPMG International), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved.
Number of deals
2,300,000
2,200,000
2,100,000
2,000,000
1,900,000
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11
No. of Deals
1,800,000
Value (US$m)
Number of deals
1,350,000
1,300,000
1,250,000
1,200,000
1,150,000
1,100,000
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11
No. of Deals
1,050,000
Value (US$m)
Number of deals
650,000
9,000
600,000
8,500
550,000
8,000
500,000
7,500
450,000
7,000
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11
No. of Deals
400,000
Value (US$m)
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11
No. of Deals
1,000,000
950,000
900,000
850,000
800,000
750,000
700,000
650,000
600,000
Value (US$m)
2,400,000
Value (US$m)
2,500,000
Value (US$m)
33,000
32,500
32,000
31,500
31,000
30,500
30,000
29,500
29,000
28,500
28,000
Value (US$m)
Number of deals
Lack of confidence
restricts deals
Value (US$m)
2012 KPMG International Cooperative (KPMG International), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved.
1,000
19
2
4
3
24
38
2
8
57
2
2
4
1
3
38
27
24
12
10
12
3
9
95
1
1
5
2
10
12
1
16
5
1
1
1
4
4
3
2
20
7
9
11
23
10
15
25
13
5
4
2
41
346
1,000
Global:
Australia
Austria
Belgium
Bermuda
Brazil
Canada
Channel Islands
Chile
China
Colombia
Czech Republic
Denmark
Egypt
Finland
France
Germany
Hong Kong
India
Indonesia
Ireland
Israel
Italy
Japan
Kazakhstan
Kuwait
Luxembourg
Macau
Malaysia
Mexico
Morocco
Netherlands
Norway
Pakistan
Papua New Guinea
Peru
Philippines
Poland
Portugal
Qatar
Russia
Saudi Arabia
Singapore
South Africa
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
United Arab Emirates
United Kingdom
United States
Global:
28
95
191
252
47
387
549,816
1,737,035
4,290,381
8,214,439
1,328,296
11,183,630
480,455
1,589,509
3,667,167
6,852,653
1,138,466
10,743,357
746,401
29,394
124,677
44,601
763,965
798,345
15,928
134,682
1,367,203
94,583
35,865
132,588
9,086
65,917
1,224,859
1,079,409
634,594
223,470
125,738
180,587
75,029
266,513
1,737,035
8,503
14,718
118,433
38,622
112,039
325,403
16,171
563,289
149,798
7,646
9,423
9,663
30,897
47,898
44,662
27,968
662,243
154,087
147,182
218,672
470,769
365,259
310,875
942,305
299,665
68,231
72,400
34,084
1,771,776
10,340,684
581,596
19,288
122,370
40,809
635,839
698,743
16,999
102,979
1,150,636
95,855
27,679
109,750
6,848
50,526
964,919
797,696
589,032
169,382
123,760
164,281
59,779
207,327
1,589,509
6,388
12,535
85,167
35,773
108,301
294,039
13,911
540,148
136,547
7,196
8,497
9,754
33,257
31,434
33,917
26,889
494,750
144,833
129,864
187,965
397,777
280,090
257,341
825,787
257,130
68,579
55,033
27,694
1,625,354
10,003,804
726,471
23,982
117,095
44,327
765,004
783,340
15,884
138,077
1,293,440
93,322
28,919
127,873
9,943
79,598
1,091,746
955,459
623,930
230,393
113,661
158,269
78,266
233,848
1,776,485
8,473
20,989
124,103
29,297
107,056
329,364
15,799
530,209
140,690
8,573
9,460
12,456
33,111
40,941
37,697
28,043
578,048
155,599
139,898
226,376
428,175
312,340
305,128
893,201
294,509
64,018
76,895
33,704
1,722,826
9,749,007
568,719
1,776,485
4,110,466
7,604,168
1,338,223
10,576,674
(6%)
(20%)
(20%)
5%
(8%)
(17%)
(11%)
7%
(25%)
(11%)
3%
(4%)
(14%)
(31%)
(37%)
(12%)
(17%)
(6%)
(26%)
9%
4%
(24%)
(11%)
(11%)
(25%)
(40%)
(31%)
22%
1%
(11%)
(12%)
2%
(3%)
(16%)
(10%)
(22%)
0%
(23%)
(10%)
(4%)
(14%)
(7%)
(7%)
(17%)
(7%)
(10%)
(16%)
(8%)
(13%)
7%
(28%)
(18%)
(6%)
3%
(6%)
(16%)
(11%)
(11%)
(10%)
(15%)
2%
5%
3%
23%
6%
1%
(0%)
2%
0%
(2%)
6%
1%
24%
4%
(9%)
(17%)
12%
13%
2%
(3%)
11%
14%
(4%)
14%
(2%)
0%
(30%)
(5%)
32%
5%
(1%)
2%
6%
6%
(11%)
(0%)
(22%)
(7%)
17%
18%
(0%)
15%
(1%)
5%
(3%)
10%
17%
2%
5%
2%
7%
(6%)
1%
3%
6%
5%
(3%)
(2%)
4%
8%
(1%)
6%
2,044,461
57,458
2,516
7,755
4,050
62,863
47,799
834
6,449
91,382
4,622
2,836
8,292
709
5,836
89,730
77,253
47,871
12,512
7,274
11,170
6,802
23,666
141,823
1,511
1,418
8,403
1,319
6,568
18,860
1,110
48,427
13,835
762
140
955
2,153
3,189
2,518
2,542
88,167
13,001
9,841
15,260
46,572
27,847
20,924
69,376
20,755
5,230
3,711
3,052
162,722
722,144
2,044,461
43,894
141,823
311,349
679,653
93,749
773,993
2,377,652
69,780
2,905
9,092
4,289
76,170
60,670
1,090
6,445
109,779
8,063
2,782
9,485
925
4,002
99,771
94,955
53,715
16,493
8,097
13,421
7,517
27,063
158,820
1,650
1,301
10,889
2,139
8,198
21,890
1,114
57,431
16,699
906
165
904
2,488
4,040
2,964
3,187
105,433
15,187
11,232
18,195
53,959
29,647
23,808
75,482
25,001
6,590
4,013
3,041
181,156
842,927
2,377,652
50,467
158,820
370,190
776,816
113,474
907,885
2,234,557
61,928
2,385
8,919
3,943
69,289
58,405
1,302
6,968
104,691
8,869
2,728
7,879
960
3,855
91,122
86,043
51,774
15,529
8,127
14,037
7,263
25,185
132,569
1,657
1,241
8,558
2,195
7,162
21,394
1,028
54,109
15,266
1,021
172
1,083
2,396
3,750
2,660
3,298
104,397
14,711
10,984
19,511
50,969
27,754
20,729
69,447
20,525
6,590
3,898
2,654
169,654
811,468
2,234,557
50,665
132,569
345,720
724,183
107,604
873,816
16%
15%
12%
19%
14%
21%
17%
(6%)
0%
(17%)
(7%)
(7%)
(5%)
(4%)
9%
16%
(6%)
8%
21% (11%)
(5%) 15% (18%)
15% 17% (2%)
(3%)
6%
(8%)
10% 21% (9%)
22% 27% (4%)
56% 31% 19%
8%
(0%)
8%
15% 20% (5%)
92% 74% 10%
(4%) (2%) (2%)
(5%) 14% (17%)
35% 30%
4%
(34%) (31%) (4%)
2%
11% (9%)
11% 23% (9%)
8%
12% (4%)
24% 32% (6%)
12% 11%
0%
26% 20%
5%
7%
11% (3%)
6%
14% (7%)
(7%) 12% (17%)
10%
9%
0%
(12%) (8%) (5%)
2%
30% (21%)
66% 62%
3%
9%
25% (13%)
13% 16% (2%)
(7%)
0%
(8%)
12% 19% (6%)
10% 21% (9%)
34% 19% 13%
23% 18%
5%
13% (5%) 20%
11% 16% (4%)
18% 27% (7%)
6%
18% (10%)
30% 25%
3%
18% 20% (1%)
13% 17% (3%)
12% 14% (2%)
28% 19%
7%
9%
16% (6%)
(0%)
6%
(6%)
(1%) 14% (13%)
0%
9%
(8%)
(1%) 20% (18%)
26% 26% (0%)
5%
8%
(3%)
(13%) (0%) (13%)
4%
11% (6%)
12% 17% (4%)
9%
15%
(7%)
11%
7%
15%
13%
12.7
12.6
9.5
15.1
10.9
12.2
16.4
19.0
21.4
14.2
20.2
10.2
15.4
14.0
13.6
12.2
12.4
13.0
18.4
15.6
14.2
11.5
9.9
12.5
5.6
14.8
14.8
22.2
16.3
17.5
14.2
10.9
10.2
11.3
67.5
13.0
15.4
12.8
15.0
11.0
6.6
12.0
14.2
14.8
9.2
11.2
14.6
12.9
14.2
12.2
20.7
11.0
10.6
13.5
12.7
13.0
12.5
13.2
11.2
14.3
13.7
11.5
10.7
10.1
13.7
10.4
10.0
13.2
14.6
20.9
12.5
11.7
12.9
14.0
9.8
16.5
12.3
11.4
11.8
13.5
15.5
13.5
10.0
9.8
10.9
5.2
11.3
10.9
18.1
13.7
14.9
14.5
9.8
9.0
8.4
57.1
10.7
12.4
11.9
15.1
8.8
6.3
10.1
13.1
12.0
8.7
12.3
13.1
12.5
12.0
10.4
18.0
11.2
9.8
12.3
11.5
10.9
10.9
11.6
10.6
11.7
12.3
11.0
9.4
8.1
13.7
10.3
9.2
12.0
13.1
14.8
11.0
10.8
10.1
13.9
7.1
13.1
10.6
9.3
11.4
10.9
15.2
11.7
8.2
8.2
12.0
3.9
10.1
10.0
16.3
15.1
13.7
13.5
10.0
8.9
7.0
49.3
9.0
13.9
8.4
12.8
8.2
4.7
9.8
11.8
9.6
7.8
10.1
12.4
11.9
12.5
10.4
14.1
10.4
9.6
12.3
11.0
9.5
12.0
10.6
9.5
10.6
12.3
(14%)
(26%)
(15%)
(9%)
(5%)
(25%)
(27%)
(31%)
(31%)
(22%)
(46%)
(1%)
(10%)
(49%)
(4%)
(13%)
(25%)
(13%)
(41%)
(3%)
(17%)
(28%)
(17%)
(4%)
(31%)
(32%)
(33%)
(27%)
(7%)
(21%)
(5%)
(9%)
(12%)
(37%)
(27%)
(31%)
(10%)
(35%)
(15%)
(26%)
(28%)
(18%)
(17%)
(35%)
(15%)
(10%)
(15%)
(8%)
(12%)
(15%)
(32%)
(5%)
(10%)
(9%)
(14%)
(27%)
(4%)
(20%)
(15%)
(26%)
(10%)
(10%)
(15%)
6%
(9%)
(5%)
(18%)
(20%)
(23%)
(2%)
(12%)
(42%)
26%
(9%)
(30%)
21%
1%
(8%)
(9%)
(26%)
(1%)
(5%)
(13%)
(0%)
(13%)
(8%)
(24%)
(26%)
(19%)
(16%)
(15%)
2%
(10%)
(12%)
(25%)
(15%)
(18%)
(19%)
(8%)
1%
(20%)
(4%)
(15%)
(8%)
(19%)
(5%)
10%
(10%)
(3%)
(16%)
(15%)
(13%)
2%
(8%)
(9%)
(10%)
4,344,021
(5%)
4,344,021
(12%) 67,497
(20%) 10,467
0%
41,803
(0%)
10,150
(9%) 126,947
(9%) 153,773
(11%)
-1,410
(29%) 24,283
(12%) 190,678
(8%)
2,657
(21%)
8,246
(0%)
21,663
(27%)
1,911
(20%)
1,548
(14%) 316,003
(18%) 152,128
(4%)
14,980
(19%) 15,796
(2%)
2,981
(13%) 11,557
(18%)
9,080
(16%) 178,774
10% 754,541
(25%)
-4,302
(11%)
198
(9%)
28,463
(10%)
1,033
11%
6,936
(8%)
25,579
(7%)
753
2%
93,889
(0%)
13,506
(17%)
-608
(14%)
868
(16%)
-755
12%
9,882
(29%)
-765
(15%) 26,161
(7%)
6,265
(25%) 118,435
(3%)
37,839
(10%) 19,641
(20%)
3,593
(11%) 58,324
(18%) 214,109
(5%)
20,529
(5%)
87,375
5%
1,347
1%
12,841
(22%)
1,563
(7%)
3,080
(2%) 275,177
0% 1,164,657
(5%)
3,814,160
77,187
10,506
35,984
7,800
150,513
143,204
-1,772
25,023
194,288
3,208
8,799
20,380
1,192
2,271
302,797
117,258
266
10,555
1,059
5,896
4,990
177,211
704,910
-4,930
-1,174
25,081
-134
3,126
18,789
836
84,331
14,011
0
2,241
-952
10,296
336
26,009
4,644
99,864
32,841
17,119
88
45,251
207,377
15,664
65,361
-235
13,111
-1,868
2,069
267,627
861,715
3,814,160
(12%)
14%
0%
(14%)
(23%)
19%
(7%)
26%
3%
2%
21%
7%
(6%)
(38%)
47%
(4%)
(23%)
(98%)
(33%)
(64%)
(49%)
(45%)
(1%)
(7%)
15%
(692%)
(12%)
(113%)
(55%)
(27%)
11%
(10%)
4%
(100%)
158%
26%
4%
(144%)
(1%)
(26%)
(16%)
(13%)
(13%)
(98%)
(22%)
(3%)
(24%)
(25%)
(117%)
2%
(219%)
(33%)
(3%)
(26%)
(12%)
4,875,509
7%
13%
9%
13%
5%
12%
6%
4,546,874
4,875,509
7%
4,546,874
1.0
0.6
1.6
2.1
1.3
1.0
1.2
-1.1
1.7
0.9
0.2
1.5
1.0
1.4
0.2
1.4
0.7
0.2
0.7
0.2
0.5
1.0
2.0
1.9
-2.3
0.1
1.6
0.4
0.5
0.6
0.4
0.8
0.3
-0.4
1.8
-0.7
1.8
-0.1
3.8
1.0
0.6
1.3
1.2
0.1
0.7
2.8
0.5
0.8
0.1
1.2
0.2
0.5
0.9
0.7
1.0
0.7
1.9
0.7
1.0
0.9
0.8
0.8
0.6
1.4
1.7
0.9
1.1
1.1
-1.0
1.6
0.8
0.2
1.5
0.9
0.7
0.3
1.3
0.5
0.0
0.4
0.1
0.2
0.5
1.9
1.6
-2.6
-0.5
1.3
0.0
0.2
0.4
0.4
0.7
0.3
0.0
5.1
-0.8
1.7
0.0
3.3
0.7
0.6
1.1
1.0
0.0
0.5
2.4
0.4
0.5
0.0
1.1
-0.2
0.3
0.8
0.5
0.8
0.5
1.6
0.5
0.9
0.9
0.6
(18%)
3%
(13%)
(20%)
(28%)
7%
(15%)
(10%)
(9%)
(10%)
10%
1%
(8%)
(49%)
40%
(9%)
(26%)
(98%)
(46%)
(69%)
(55%)
(51%)
(7%)
(14%)
16%
(668%)
(19%)
(111%)
(61%)
(36%)
8%
(13%)
(0%)
(100%)
188%
16%
(6%)
(144%)
(12%)
(31%)
(14%)
(17%)
(22%)
(98%)
(35%)
(12%)
(26%)
(32%)
(116%)
(11%)
(207%)
(39%)
(7%)
(30%)
(18%)
(36%)
(14%)
(18%)
(13%)
(2%)
(28%)
2012 KPMG International Cooperative (KPMG International), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved.
(10%)
(22%)
(34%)
(2%)
(9%)
(17%)
(12%)
7%
(24%)
(16%)
1%
(23%)
(17%)
(25%)
(23%)
(21%)
(26%)
(7%)
(24%)
(2%)
(9%)
(20%)
(22%)
(8%)
(25%)
(15%)
(28%)
(7%)
(3%)
(10%)
(14%)
(4%)
(9%)
(6%)
(10%)
1%
8%
(34%)
(24%)
(4%)
(25%)
(6%)
(12%)
(14%)
(16%)
(23%)
(17%)
(12%)
(14%)
1%
(24%)
(19%)
(8%)
(3%)
(10%)
(13%)
(8%)
(15%)
(17%)
(14%)
(4%)
Market Cap
Net Profit (Pre Exce)
P/E
Net Debt
EBITDA
Net Debt/EBITDA
As at
As at
As at
31-Dec-10 30-Jun-11 31-Dec-11
31-Dec-10 30-Jun-11 31-Dec-11
31-Dec-11 31-Dec-11
31-Dec-11 31-Dec-11
31-Dec-11 31-Dec-11
Number of
% change
% change
% change
%
%
%
Companies 31-Dec-10 30-Jun-11 31-Dec-11
31-Dec-11 30-Jun-12 31-Dec-12
31-Dec-11 30-Jun-12 31-Dec-12
31-Dec-11 31-Dec-12
31-Dec-11 31-Dec-12
31-Dec-11 31-Dec-12
change
change
change
A
B
C
C vs A B vs A C vs B
A
B
C
C vs A B vs A C vs B
A
B
C
C vs A B vs A C vs B
D
E
F
G
D/F
E/G
Region
Country
1,000
Global:
Global:
3,354,011
3,277,567
4,725,616
2,486,759
3,066,337
3,466,679
3,275,880
2,203,563
1,447,184
229,774
21,212
31,522
43,060
39,848
7,622
11,801
149,699
15,277
99,457
467,866
33,715
127,558
363,110
117,221
252,653
208,283
67,172
878,409
412,508
897,976
30,062
485,285
374,973
480,945
542,374
187,850
1,190,139
892,774
1,406,698
873,464
971,914
1,219,894
264,870
702,111
692,576
295,187
38,681
331,835
54,400
305,076
23,707
181,408
98,001
661,045
1,444,525
2,023,870
1,412,614
1,151,780
1,441,894
2,241,905
419,688
386,309
199,336
16,431
28,720
35,719
34,976
8,532
10,907
130,392
15,443
82,889
399,413
29,183
128,646
332,252
132,773
222,535
200,674
61,146
622,922
350,935
767,527
26,704
381,187
367,724
433,862
541,092
175,214
836,308
713,899
1,267,097
819,012
748,126
1,144,239
225,112
587,881
510,978
222,993
30,599
278,706
43,134
303,148
24,618
150,711
84,556
569,756
1,364,421
1,865,327
1,364,888
1,031,529
1,479,419
2,237,598
413,202
417,216
238,313
22,063
31,463
46,865
41,246
7,655
9,605
155,900
15,610
103,732
468,129
27,574
130,017
370,006
119,547
282,506
195,894
79,080
852,774
353,468
867,267
31,318
479,491
357,586
473,092
516,310
179,159
1,161,933
791,423
1,278,975
761,125
897,309
1,161,768
244,058
674,242
633,334
319,865
41,306
358,465
56,434
289,059
19,548
166,305
87,243
675,484
1,370,931
1,859,426
1,254,970
1,070,551
1,366,775
2,243,299
381,612
353,628
5%
0%
8%
7%
12%
5%
5%
0%
5%
7%
(10%)
(24%)
(12%)
(10%)
(4%)
(16%)
(1%)
(4%)
(8%)
(13%)
(6%)
5%
(10%)
(6%)
2,534,204 (24%)
2,875,697 (6%)
4,236,561 (4%)
2,374,970 7%
2,571,204 (12%)
3,435,834 4%
3,154,632 (4%)
2,023,952 (3%)
1,264,552 (6%)
3,352,100
3,047,319
4,423,171
2,224,294
2,915,036
3,302,391
3,272,108
2,090,262
1,348,054
2,044,461
17,447
1,013
2,712
4,820
2,885
346
571
13,211
890
8,811
34,650
2,785
9,394
34,247
7,640
18,635
20,352
5,309
69,308
28,303
69,874
1,437
34,456
18,821
35,000
42,462
11,687
102,610
56,860
165,240
70,903
65,517
79,228
17,806
66,468
55,019
31,847
1,527
24,131
2,569
13,077
1,734
11,398
7,465
44,404
92,565
132,429
112,172
74,470
96,997
167,089
25,740
28,127
2,044,461
274,427
214,918
397,171
198,726
214,144
216,109
240,836
179,632
108,498
2,377,652
20,942
1,042
3,648
5,139
3,742
421
655
14,074
803
9,193
41,902
2,415
9,133
40,866
8,856
21,666
21,575
3,214
86,323
36,622
83,302
1,656
39,530
22,367
41,634
45,722
13,034
127,553
70,732
196,796
73,824
77,509
86,315
18,606
67,454
58,025
37,185
1,824
31,905
3,037
16,210
1,677
14,082
7,554
56,115
106,240
177,631
119,015
89,291
104,849
197,261
29,046
28,437
2,377,652
337,310
258,363
495,698
208,767
253,976
239,018
281,500
191,953
111,068
9%
8%
9%
19%
3%
9%
8%
12%
2%
(5%)
16%
23%
20%
25%
5%
19%
11%
17%
7%
2%
2,234,557
9%
16%
21,919
26% 20%
924
(9%)
3%
3,600
33% 35%
4,884
1%
7%
3,910
36% 30%
437
26% 22%
672
18% 15%
13,536
2%
7%
783
(12%) (10%)
7,464
(15%) 4%
29,230 (16%) 21%
2,226
(20%) (13%)
8,293
(12%) (3%)
38,227
12% 19%
9,105
19% 16%
17,630
(5%) 16%
21,712
7%
6%
-1,319 (125%) (39%)
74,228
7%
25%
35,516
25% 29%
79,973
14% 19%
1,619
13% 15%
36,218
5%
15%
22,414
19% 19%
38,658
10% 19%
45,334
7%
8%
11,761
1%
12%
106,249
4%
24%
67,542
19% 24%
191,564 16% 19%
72,346
2%
4%
67,609
3%
18%
82,569
4%
9%
18,382
3%
4%
62,983
(5%)
1%
54,938
(0%)
5%
31,608
(1%) 17%
1,778
16% 19%
30,992
28% 32%
2,659
3%
18%
16,369
25% 24%
1,906
10% (3%)
13,963
23% 24%
8,329
12%
1%
55,370
25% 26%
99,829
8%
15%
164,183 24% 34%
118,317
5%
6%
85,605
15% 20%
102,297
5%
8%
193,690 16% 18%
26,317
2%
13%
28,207
0%
1%
2,234,557
296,838
234,819
472,538
205,459
234,228
233,191
270,939
183,846
102,699
(6%)
5%
(11%)
(1%)
(5%)
4%
4%
3%
(4%)
(2%)
(19%)
(30%)
(8%)
(9%)
(6%)
3%
(19%)
1%
(141%)
(14%)
(3%)
(4%)
(2%)
(8%)
0%
(7%)
(1%)
(10%)
(17%)
(5%)
(3%)
(2%)
(13%)
(4%)
(1%)
(7%)
(5%)
(15%)
(3%)
(3%)
(12%)
1%
14%
(1%)
10%
(1%)
(6%)
(8%)
(1%)
(4%)
(2%)
(2%)
(9%)
(1%)
(6%)
(12%)
(9%)
(5%)
(2%)
(8%)
(2%)
(4%)
(4%)
(8%)
12.7
13.7
21.8
11.6
9.7
14.3
22.1
16.8
11.8
17.5
11.8
13.5
9.9
13.8
10.8
15.6
15.2
9.6
14.9
12.3
12.5
12.4
21.8
13.9
19.0
13.5
12.2
15.3
11.3
13.9
7.7
10.7
13.7
14.7
13.7
10.1
11.5
10.0
27.1
14.9
22.0
22.1
11.3
14.6
11.7
15.2
14.8
14.0
11.2
14.4
14.1
13.4
14.8
12.6
12.7
12.2
14.2
11.1
11.2
13.6
15.3
13.6
11.6
12.4
11.5
11.0
20.3
8.6
8.4
10.6
18.1
18.0
10.6
19.0
10.8
11.2
14.0
14.0
8.9
13.2
11.7
9.7
20.9
10.2
11.3
10.8
18.2
12.3
16.8
11.6
11.9
14.4
9.3
12.6
7.1
11.8
12.5
14.1
14.2
10.4
11.9
7.9
21.2
10.4
17.9
18.8
14.1
12.9
13.0
11.8
13.6
11.4
11.9
12.9
13.8
11.4
14.4
13.6
11.5
9.9
12.7
9.5
11.9
12.1
14.5
11.6
11.5
13.0
11.0
9.1
17.8
8.0
7.3
8.9
19.5
16.2
9.6
19.7
11.1
13.7
13.1
15.5
8.7
14.6
12.6
9.2
-46.4
8.4
9.9
9.6
16.5
10.5
16.4
11.2
11.9
14.9
7.9
10.6
6.6
11.3
11.1
13.9
12.2
9.3
9.3
7.1
17.2
9.0
16.2
18.5
12.9
10.8
10.2
10.3
13.7
11.4
11.5
12.0
14.5
11.6
15.7
14.8
11.0
8.5
12.2
9.0
11.6
11.0
14.7
11.6
11.0
12.3
(14%)
(33%)
(18%)
(31%)
(25%)
(37%)
(12%)
(3%)
(18%)
12%
(6%)
1%
32%
12%
(20%)
(7%)
(17%)
(4%)
(411%)
(32%)
(21%)
(23%)
(24%)
(24%)
(14%)
(17%)
(2%)
(3%)
(30%)
(24%)
(15%)
5%
(19%)
(5%)
(11%)
(8%)
(19%)
(30%)
(36%)
(39%)
(26%)
(16%)
15%
(26%)
(13%)
(32%)
(8%)
(19%)
3%
(16%)
3%
(14%)
6%
18%
(14%)
(30%)
(14%)
(19%)
3%
(19%)
(4%)
(14%)
(5%)
(1%)
(10%)
(20%)
(7%)
(26%)
(14%)
(26%)
(18%)
7%
(10%)
8%
(8%)
(17%)
41%
1%
(18%)
(15%)
(23%)
0%
40%
(17%)
(10%)
(13%)
(17%)
(12%)
(12%)
(15%)
(2%)
(6%)
(18%)
(9%)
(8%)
10%
(8%)
(4%)
4%
3%
4%
(21%)
(22%)
(30%)
(18%)
(15%)
25%
(12%)
11%
(23%)
(8%)
(19%)
6%
(10%)
(2%)
(15%)
(3%)
8%
(10%)
(5%)
(17%)
(13%)
(8%)
(13%)
(16%)
8%
(10%)
(9%)
4%
3%
22%
(6%)
11%
(2%)
10%
8%
(4%)
(322%)
(18%)
(12%)
(11%)
(9%)
(14%)
(2%)
(3%)
1%
3%
(16%)
(16%)
(7%)
(4%)
(12%)
(2%)
(14%)
(10%)
(22%)
(11%)
(19%)
(14%)
(9%)
(2%)
(9%)
(16%)
(22%)
(13%)
1%
(0%)
(3%)
(7%)
5%
2%
9%
9%
(5%)
4,344,021
20,678
642
217
9,082
6,339
20
-1,171
12,771
14,142
63,241
184,105
1,577
-12,226
289,998
32,325
-1,676
54,046
143,150
57,082
-6,732
89,082
-860
95,716
18,416
-22,055
21,639
145,609
159,980
-7,604
243,134
89,660
151,996
213,497
-23,774
373,131
421,554
30,417
5,947
50,293
9,372
14,479
465
34,485
33,253
77,376
198,573
304,452
43,215
158,538
241,070
-196,094
187,126
314,324
4,344,021
(12%)
4,546,874
3,814,160
(12%)
4,546,874
4,875,509
40,228
1,099
6,255
6,723
5,721
797
804
31,799
3,374
26,923
99,710
10,523
19,587
87,911
29,609
52,880
90,643
20,533
129,735
52,293
163,138
2,208
69,400
37,369
70,738
128,043
35,562
213,030
145,976
431,091
119,941
151,878
159,410
31,302
192,731
174,750
55,825
3,973
60,953
5,881
31,665
3,074
39,362
20,656
110,391
224,320
411,149
196,141
173,119
194,283
296,199
113,531
91,270
4,875,509
3,814,160
7%
16%
21%
19%
15%
13%
21%
7%
8%
8%
5%
16%
(15%)
3%
8%
9%
11%
7%
10%
10%
18%
10%
17%
12%
19%
26%
9%
18%
5%
4%
3%
2%
7%
8%
8%
2%
8%
3%
15%
15%
14%
23%
16%
11%
15%
13%
7%
4%
2%
10%
6%
9%
5%
3%
7%
8%
9%
5%
2%
9%
9%
12%
6%
8%
1.0
0.6
0.7
0.0
1.5
1.2
0.0
-1.6
0.4
4.5
2.5
2.1
0.1
-0.6
3.5
1.2
0.0
0.6
7.7
0.5
-0.2
0.6
-0.5
1.5
0.6
-0.4
0.2
4.8
0.8
-0.1
0.6
0.8
1.1
1.5
-0.8
2.0
2.6
0.6
1.7
0.9
1.8
0.6
0.2
1.0
1.8
0.8
1.0
0.8
0.2
1.0
1.3
-0.7
1.7
3.5
1.0
0.8
0.8
0.7
0.4
1.6
1.3
-0.6
1.2
3.3
0.8
0.3
0.5
0.1
0.8
0.8
-0.1
-1.9
0.2
4.7
2.2
1.8
0.3
-1.2
3.3
0.9
-0.3
0.5
7.3
0.5
-0.4
0.5
-0.5
1.3
0.5
-0.5
0.2
4.3
0.7
-0.2
0.5
0.6
0.9
1.2
-1.0
1.8
2.5
0.5
1.4
1.2
1.7
0.3
0.1
0.8
1.8
0.5
0.9
0.8
-0.1
0.6
1.2
-1.3
1.6
3.7
0.8
0.6
0.6
0.6
0.1
1.3
1.1
-1.0
1.1
3.2
A Consensus forecasts in existence on 31-Dec-10 in respect of the year ending 31-Dec-11 for net profit and P/E B Consensus forecasts in existence on 30-Jun-11 in respect of the year ending 30-Jun-12 for net profit and P/E C/G Consensus forecasts in existence on 31-Dec-11 in respect of the year ending 31-Dec-12 for net profit, P/E and EBITDA
D Actual/consensus net forecasts in existence on 31-Dec-11 in respect of the closest fiscal year end to 31-Dec-11 E Consensus forecasts in existence on 31-Dec-11 in respect of the closest fiscal year end to 31-Dec-12 F Consensus forecasts in existence on 31-Dec-11 in respect of the year ending 31-Dec-11
1,000
11
1
1
1
3
1
1
8
1
7
20
2
9
24
9
14
4
6
29
24
23
2
37
28
16
17
15
34
31
29
17
51
32
11
23
24
10
2
4
4
13
2
5
7
28
65
62
48
49
43
56
9
27
119
143
121
77
168
126
100
66
80
2012 KPMG International Cooperative (KPMG International), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved.
(18%)
(45%)
(24%)
151%
(47%)
(33%)
(332%)
24%
(53%)
5%
(13%)
(15%)
140%
83%
(8%)
(27%)
825%
(27%)
(6%)
(5%)
155%
(14%)
4%
(13%)
(22%)
32%
(18%)
(11%)
(13%)
303%
(12%)
(27%)
(15%)
(17%)
18%
(6%)
(6%)
(4%)
(18%)
21%
(7%)
(40%)
(31%)
(13%)
(4%)
(36%)
(8%)
(2%)
(163%)
(40%)
(8%)
75%
(9%)
4%
(18%)
(18%)
(19%)
(5%)
(85%)
(18%)
(15%)
69%
(12%)
(3%)
Market Cap
Net Profit (Pre Exce)
P/E
Net Debt
EBITDA
Net Debt/EBITDA
As at
As at
As at
31-Dec-10 30-Jun-11 31-Dec-11
31-Dec-10 30-Jun-11 31-Dec-11
31-Dec-11 31-Dec-11
31-Dec-11 31-Dec-11
31-Dec-11 31-Dec-11
Number of
% change
% change
% change
%
%
%
Companies 31-Dec-10 30-Jun-11 31-Dec-11
31-Dec-11 30-Jun-12 31-Dec-12
31-Dec-11 30-Jun-12 31-Dec-12
31-Dec-11 31-Dec-12
31-Dec-11 31-Dec-12
31-Dec-11 31-Dec-12
change
change
change
A
B
C
C vs A B vs A C vs B
A
B
C
C vs A B vs A C vs B
A
B
C
C vs A B vs A C vs B
D
E
F
G
D/F
E/G
Basic Materials
Consumer discretionary
Energy
Healthcare
Industrials
Consumer staple
Technology
Telecommunications Services
Utilities
Industry
Region/Industry
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2012 KPMG International Cooperative (KPMG International), a Swiss entity. Member firms of the KPMG network of independent
firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to
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Publication name: M&A Predictor
Publication number: 120105
Publication date: February 2012