Week 1 Idea seleection / research

Week 2 Research / Valuation

Week 3 Pitching
 Ticker buy sell hold avg. rating current price
ALX AT Equity 5 2 1 1.4 6.79
QUB AT Equity 4 0 6 1.4 2.55
SYD AT Equity 6 3 6 1.2 7.15
TCL AT Equity 9 2 3 1.5 11.90
QAN AT Equity 7 2 2 1.5 6.66
AZJ AT Equity 4 4 3 1.0
AIA AT Equity 2 6 3 0.6
avg. target upside percentageName
6.68 -1.6% Atlas Arteria Ltd
2.63 3.1% Qube Holdings Ltd
7.48 4.6% Sydney Airport
12.47 4.8% Transurban Group
7.64 14.7% Qantas Airways Ltd
#DIV/0! Aurizon Holdings Ltd
#DIV/0! Auckland International Airport Ltd
 Company Description GICS Industry Group Price
rator. The Company constructs highways, roads, bridges, and tunnels. Atlas
Transportation
Arteria also collects toll. Atlas Arteria serves clients worldw
6.79
perates in divisions covering Automotive, Bulk and General Stevedoring, Transportation
Landside Logistics and Strategic2.55 Development Assets.
port. The Company develops and maintains the airport infrastructure andTransportation
leases terminal space to airlines 7.15and retailers.
forecasting, operations and customer management, project development Transportation
and delivery, technology application,
11.9 and community engage
ier), operating international, domestic and regional services. The CompanyTransportation
also includes Qantas Frequent Flyer and Qantas Freight whi
6.66
freight haulage services, operating on the central queensland coal network
Transportation
(CQCN) and including specialized4.4 track maintenance and w
, an international terminal and two domestic terminals. The Airport also Transportation
has commercial facilities which6.15 includes airfreight operations,

423088012
 29.70
Beta (1 YR) Volatility (200D) Relative Volatility Days to Cover EV/EBIT
0.44 23.1 0.8 0.08 23.6
1.13 16.9 0.6 0.03 30.2
0.83 18.8 0.6 0.16 27.5
0.64 16.8 0.6 0.14 33.7
0.95 26.9 0.9 0.87 8.1
1.04 19.4 0.7 0.25 13.0
0.07 17.4 0.6 0.21 23.1
EV/EBITDA P/E Ratio EPS Growth (%)
23.9 26.2 104.7
17.8 38.1 -25.5
18.9 39.9 8.4
21.6 52.7 95.1
4.3 10.3 -6.9
8.3 16.6
20.5 29.8 26.8
S&P/ASX 300 Industrials Index (AS47) - Highlights
CY 2011 CY 2012 CY 2013 CY 2014
12 Months Ending 12/30/2011 12/31/2012 12/31/2013 12/31/2014
Valuation Metrics
Price/Earnings 13.39 17.81 18.69 18.61
S&P/ASX 300 Industrials Index 13.39 17.81 18.69 18.61
Price/Earnings, Positive 12.26 15.12 17.07 16.55
S&P/ASX 300 Industrials Index 12.26 15.12 17.07 16.55
Price/Earnings before XO 13.48 17.70 18.49 18.63
S&P/ASX 300 Industrials Index 13.48 17.70 18.49 18.63
Price/Book Value 1.49 1.77 2.02 2.10
S&P/ASX 300 Industrials Index 1.49 1.77 2.02 2.10
EV/Sales 1.99 2.22 2.59 2.69
S&P/ASX 300 Industrials Index 1.99 2.22 2.59 2.69
EV/EBIT 12.73 14.83 16.16 16.64
S&P/ASX 300 Industrials Index 12.73 14.83 16.16 16.64
EV/EBITDA 10.32 12.97 13.17 14.87
S&P/ASX 300 Industrials Index 10.32 12.97 13.17 14.87
Dividend Yield 6.32 5.13 4.60 4.65
S&P/ASX 300 Industrials Index 6.32 5.13 4.60 4.65

Fundamentals
Gross Margin — — — —
S&P/ASX 300 Industrials Index — — — —
Operating Margin 13.17 12.86 14.09 14.46
S&P/ASX 300 Industrials Index 13.17 12.86 14.09 14.46
Profit Margin 10.35 9.52 10.74 12.03
S&P/ASX 300 Industrials Index 10.35 9.52 10.74 12.03
Return on Assets 1.40 1.26 1.43 1.52
S&P/ASX 300 Industrials Index 1.40 1.26 1.43 1.52
Return on Equity 11.23 10.42 11.49 12.59
S&P/ASX 300 Industrials Index 11.23 10.42 11.49 12.59
Source: Bloomberg Right click to show data transparency (not supported for all values)
 CY 2015 CY 2016 CY 2017 Current CY 2018 Est CY 2019 Est
12/31/2015 12/30/2016 12/29/2017 08/10/2018 12/29/2018 12/29/2019

17.57 17.95 17.08 18.01 16.83 15.88

17.57 17.95 17.08 18.01 16.83 15.88
15.47 16.79 15.63 16.15 16.78 15.85
15.47 16.79 15.63 16.15 16.78 15.85
17.45 18.00 17.13 18.12
17.45 18.00 17.13 18.12
2.09 2.07 2.09 2.15 2.07 2.00
2.09 2.07 2.09 2.15 2.07 2.00
2.75 2.81 2.87 2.89 2.82 2.71
2.75 2.81 2.87 2.89 2.82 2.71
16.24 17.21 16.69 17.08
16.24 17.21 16.69 17.08
15.50 14.30 14.43 15.39 12.77 11.97
15.50 14.30 14.43 15.39 12.77 11.97
4.66 4.50 4.46 4.27 4.40 4.59
4.66 4.50 4.46 4.27 4.40 4.59

— — —
— — —
15.20 14.75 20.97 20.70
15.20 14.75 20.97 20.70
11.69 11.00 12.64 12.01
11.69 11.00 12.64 12.01
1.42 1.31 1.54 1.46 1.52 1.55
1.42 1.31 1.54 1.46 1.52 1.55
12.02 10.66 11.97 11.47 12.04 12.07
12.02 10.66 11.97 11.47 12.04 12.07
for all values)