Cash Converstion Cycle 48.7 Lower Better need to compare to similar companies Days Inventory Outstanding 1.

11
Cash Return on Invested Capital 9.09% >13% Days Sales Outstanding 0 Skechers USA Inc. (SKX) 2010 2011 2012 2013 2014 2015 TTM
EV/EBIT 15.5944584410x Days Payables Outstanding 33.2 Revenue ($1,205.4) ($1,394.2) ($1,440.7) ($1,438.1) ($2,011.4) ($1,613.6) ($1,455.6)
FCF to Sales 4.25% Higer Better >10% Free Cash Flow 870 mil EBT ($ 112.6) ($ 118.3) ($ 60.7) ($ 71.1) ($ 196.6) ($ (131.0) ($ (91.7)
FCF to Short Term Debt 7.219917012Ratio >1 Invested Captial 4670 mil Shareholders Equity EBIT ($ 121.9) ($ 123.1) ($ 65.3) ($ 74.2) ($ 199.6) ($ (123.2) ($ (79.6)
Inventory Turnover 6.245876604Compare to Same Industry higher better Enterprise Value 24764 Intrest Bearing Debt Interest Expense ($ 9.2) ($ 4.8) ($ 4.6) ($ 3.0) ($ 3.0) ($ 7.9) ($ 12.1)
EBIT/Enterprise Value 6.41% >=10% Earnings Before Interest & Tax 1588 Short Term Debt Income Tax ($ 41.7) ($ 42.6) ($ 7.3) ($ 20.2) ($ 60.2) ($ (63.5) ($ (40.5)
Price to Intrinsic Value 0.9587122143
<1 Sales 20449 Long Term Debt Net Income ($ 71.0) ($ 75.7) ($ 55.4) ($ 54.7) ($ 136.1) ($ (67.5) ($ (52.1)
Short Term Debt 120.5 Total Assets ($ 737.1) ($ 828.0) ($ 876.3) ($ 995.6) ($1,304.8) ($1,281.9) ($1,316.1)
Inventory 3274 Shareholders Equity ($ 449.1) ($ 626.7) ($ 668.7) ($ 745.9) ($ 908.2) ($ 852.6) ($ 872.8)
Price 78.02
Intrinsic Value 81.38 Three-Step DuPont Model:
Net Profit Margin (Net Income ÷ Sales) 5.9% 5.4% 3.8% 3.8% 6.8% -4.2% -3.6%
Asset Turnover (Sales ÷ Total Assets) 1.64 1.68 1.64 1.44 1.54 1.26 1.11
Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.64 1.32 1.31 1.33 1.44 1.50 1.51
Return on Equity 15.8% 12.1% 8.3% 7.3% 15.0% -7.9% -6.0%

Five-Step DuPont Model:

Tax Burden (Net Income ÷ EBT) 0.63 0.64 0.91 0.77 0.69 0.51 0.57
Interest Burden (EBT ÷ EBIT) 0.92 0.96 0.93 0.96 0.98 1.06 1.15
Operating Income Margin (EBIT ÷ Sales) 10.1% 8.8% 4.5% 5.2% 9.9% -7.6% -5.5%
Asset Turnover (Sales ÷ Total Assets) 1.64 1.68 1.64 1.44 1.54 1.26 1.11
Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.64 1.32 1.31 1.33 1.44 1.50 1.51
Return on Equity 15.8% 12.1% 8.3% 7.3% 15.0% -7.9% -6.0%
AAPL
Cash Converstion Cycle -51.98 Lower Better need to compare to similar companies
Cash Return on Invested Capital 44.00% >13%
EV/EBIT 11.49 10x
FCF to Revenue 24.00% Higer Better >10%
FCF to Short Term Debt 3.75 Ratio >1
Inventory Turnover 59.89 Compare to Same Industry higher better
EBIT/Enterprise Value 8.70% >=10% Tell is undervalued
Price to Intrinsic Value 0.8 <1

APOG
Cash Converstion Cycle 63 Lower Better need to compare to similar companies
Cash Return on Invested Capital 23.17% >13%
EV/EBIT 13.40163934
10x
FCF to Revenue 4.52% Higer Better >10%
FCF to Short Term Debt 5.95 Ratio >1
Inventory Turnover 2.84 Compare to Same Industry higher better
EBIT/Enterprise Value 7.46% >=10% Tell is undervalued
Price to Intrinsic Value 2 <1 Intrinsic Value: Projected FCF