TSX:STB.DB.A - Post by User
Comment by
Capharnaumon Sep 23, 2015 3:29pm
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Post# 24129126
RE:RE:STB's value is largely off books
RE:RE:STB's value is largely off booksBlueCollar51 wrote: You said that the FCF per share has been increasing over time which I agree would be positive. I decided to check that out. I may be using the wrong numbers and if so please correct me. I used;
FCF = “Net cash provided by operating activities” from the YE Financials
SHARES = “Weighted-average shares outstanding-basic” from the YE Financials
Assuming I am using the correct numbers the results don’t support your statement.
| Fiscal Year | FCF USD | SHARES | FCF / SHARE USD |
| 2009 | $35.54m | 43.23m | $0.82 |
| 2010 | $41.66m | 55.11m | $0.76 |
| 2011 | $36.34m | 57.76m | $0.63 |
| 2012 | $34.91m | 66.14m | $0.52 |
| 2013 | $52.10m | 79.43m | $0.66 |
| 2014 | $46.41m | 82.10m | $0.57 |
| 2015 | $49.72m | 87.35m | $0.57 |
As Always; Do Your Own Due Diligence; It’s Your Money !!
I'm sorry I only looked back to2012 number as base and compared 2015. Looking at 2009, it looks like something happened until 2012 (reduced margins to win contracts?).