GRACO INC (GGG)
 
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Consensus Forecasts   Provided by zacks.com
Industrial – Consensus Forecasts of Industrial Revenue in Millions help
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E Annualized Growth

Dec-05

Dec-06

Dec-07

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

12/05
$367.1 $416.5 $444.7 $462.9 $312.9 $388.0 $420.1 $465.0 3.4%
Discussion

 


Last edited Mon Jan 10, 2011 03:26 AM
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Contractor – Consensus Forecasts of Contractor Revenue in Millions help
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E Annualized Growth

Dec-05

Dec-06

Dec-07

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

12/05
$305.3 $320.5 $306.7 $266.8 $208.6 $220.7 $240.4 $268.0 -1.8%
Discussion

 


Last edited Mon Jan 10, 2011 03:26 AM
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Lubrication – Consensus Forecasts of Lubrication Revenue in Millions help
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E Annualized Growth

Dec-05

Dec-06

Dec-07

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

12/05
$59.3 $79.5 $89.9 $87.7 $57.8 $66.4 $69.2 $74.0 3.2%
Discussion

 


Last edited Mon Jan 10, 2011 03:26 AM
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EPS FORECASTS

This section is designed to find errors as the consensus forecast of EPS. The consensus forecasts for the lines in the GRACO INC Income Statement are shown and below each consensus forecast is a wiki section to discuss why the consensus forecast of that item may be high or low


Consensus Forecasts of Total Revenuehelp
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E Annualized Growth
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 12/05
1. Total Revenue $731.7 $816.5 $841.3 $817.2 $579.1 $675.6 $735.9 $807.0 1.4%
Discussion by Wiki Users

 Overall Outlook

For 4Q10 and FY11, the Company continues to expect a global economy recovery mode. Management expects good opportunities for continued growth in Industrial and Lubrication segments in all regions, driven by investments in new products, new markets, and new distribution. The Company expects to gain from developing markets and will continue to make investments in these areas.

For 4Q10, Garco is concerned about base business prospects in the US Contractor equipment market. Management believes that new product and contractor sales will be negatively affected as a result of Contractor equipment channel partners’ actions of tightly managing the inventories. The Company expects to gain from the US Contractor in FY11.

For FY11, management expects to grow with the help of investments in new products, end-user conversion, and channel expansion, despite the softness in end-market growth.

For FY11,  firms roject internal revenue growth of 8.0% to $436.0 million, attributed to the growth in Asia. The firms expect a 5.0%-6.0% growth in North America and Europe.

The firms also project Industrial segment to remain solid in the near term, recovering from the FY09 depressed levels.

 


Last edited Mon Jan 10, 2011 03:30 AM
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Consensus Forecasts of Fully Diluted Shares Outstandinghelp
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12
Fully Diluted Shares Outstanding 69.9 69.0 66.0 60.6 60.2 60.6 60.0 60.0
Discussion by Wiki Users
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Consensus Forecasts of GAAP EPShelp
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12
GAAP EPS $1.8 $2.2 $2.3 $2.0 $0.8 $1.5 $1.8
Discussion by Wiki Users

Outlook

 A few firms  see limited upside to the earnings growth, due to weak residential and commercial construction markets.

The firms raised  FY10 EPS expectation from $1.50 to $1.63, driven by ongoing contributions from new product launches and other internal investments in Garco's global distribution capabilities.

 


Last edited Mon Jan 10, 2011 03:33 AM
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Consensus Forecasts of Cost of Goods Soldhelp
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12
2. Cost of Goods Sold $352.4 $382.5 $393.9 $384.9 $283.4 $303.6 $327.7
Percent of Revenue 48% 47% 47% 47% 49% 45% 45%
3. Gross Profit (1-2) $379.30 $434.00 $447.40 $432.30 $295.70 $372.00 $408.20
Percent of Revenue 52% 53% 53% 53% 51% 55% 55%
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Consensus Forecasts of Pre - Tax Incomehelp
2005A 2006A 2007A 2008A 2009E 2010E 2011E 2012E
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12
7. Pre - Tax Income $189.4 $224.4 $228.8 $183.7 $71.8 $135.4 $167.1 $215.0
8. Tax provisions $63.5 $74.6 $76.0 $59.1 $20.7 $44.9 $54.3 $73.0
Percent of Revenue 34% 33% 33% 32% 29% 33% 32% 34%
9. Net Income (7-8) $125.90 $149.80 $152.80 $124.60 $51.10 $90.50 $112.80 $142.00
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INDUSTRY COMPARABLES

Revenue (mil)

Net Income (mil)

ROE

EPS Gr 5Yr Est

P/E F1

P/Sales

P/CF

GGG (GRACO INC)

$606.00

 $66.76

 33.5%

 39%

 22.01

 3.1

 11.4

Industry Mean

10%

15%

16.20

1.5

10.4
S&P 500

23%

11%

13.71

1.9

DXPE (DXP ENTERPRISES)

$573.00

($41.99)

9.5%

43%

13.37

0.4

2.5

TNC (TENNANT CO)

$617.00

$19.61

9.5%

15%

29.90

1.0

7.4

MIDD (MIDDLEBY CORP)

$626.00

$60.85

19.2%

20%

15.40

1.6

12.8

CF is operating cash flow plus after-tax interest expense.
Discussion of Relative Valuation
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Created by: WikiMigrationBot. Last Modification: Thursday 03 of June, 2010 07:16:17 CDT by WikiMigrationBot.