Murray & Roberts Holdings Limited: Company Profile and SWOT Analysis by WMIntelligence

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									Murray & Roberts Holdings Limited

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Murray & Roberts Holdings Limited                                            Financial Snapshot

                                                                             Operating Performance
Fast Facts
                                     22 Skeen Boulevard, Bedfordview,        The company reported revenue of US$4,160.05
Headquarters Address
                                     2008,South Africa                       million during the fiscal year 2011 (2011). The
                                                                             company's revenue grew at a CAGR of 13.27%
Telephone                            + 27 11 4566200
                                                                             during 2007–2011, with an annual growth of 9.64%
                                                                             over 2010. In 2011, the company recorded an
Fax                                  + 27 11 4552222                         operating margin of -2.22%, as against 5.51% in
                                                                             2010.
Website                              www.murrob.com

Ticker Symbol, Stock Exchange        MUR, Johannesburg Stock Exchange        Revenue and Margins

Number of Employees                  42,422

Fiscal Year End                      June

Revenue (in US$ million)             4,160.05

Revenue (in ZAR million)             30,534.80




SWOT Analysis
                                                                             Return on Equity
Strengths                            Weaknesses
                                                                             The company recorded a return on equity (ROE) of -
                                     Lack of focus on research and           41.11% for 2011, as compared to its peers, Wilson
Integrated business portfolio
                                     development                             Bayly Holmes-Ovcon Limited (Ticker: WBO),
                                                                             Stefanutti Stocks Holdings Limited (Ticker: SSK) and
Order backlog                        Limited liquidity position              Aveng Limited (Ticker: AEG), which recorded ROEs
                                                                             of 21.75%, 17.97% and 9.11% respectively. The
Strong top-line performance          Low return on equity                    company reported an operating margin of -2.22% in
                                                                             2011.
Opportunities                        Threats
                                                                             Return on Equity
Credit by African Development Bank   Crime in South Africa

Growth in nuclear power sector       Input price volatility

                                     Nationalization of mining industry in
Rising demand for renewable energy
                                     South Africa




                                                                             Liquidity Position

                                                                             The company reported a current ratio of 1.00 in 2011,
                                                                             as compared to its peers, Wilson Bayly Holmes-
                                                                             Ovcon Limited, Stefanutti Stocks Holdings Limited
                                                                             and Aveng Limited, which recorded current ratios of
                                                                             1.23, 0.98 and 1.47 respectively. As of June 2011, the
                                                                             company recorded cash and short-term investments
                                                                             of worth US$318.32 million, against US$147.07
                                                                             million current debt. The company reported a debt to
                                                                             equity ratio of 0.56 in 2011 as compared to its peers,
                                                                             Wilson Bayly Holmes-Ovcon Limited, Stefanutti
                                                                             Stocks Holdings Limited and Aveng Limited, which
                                                                             recorded debt to equity ratios of 0.04, 0.13 and 0.02
                                                                             respectively.




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Murray & Roberts Holdings Limited - SWOT Profile                                                                     Page 1
Murray & Roberts Holdings Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
    2.3       Competitive Benchmarking ..................................................................................................................................14
      2.3.1       Market Capitalization .......................................................................................................................................14
      2.3.2       Efficiency ..........................................................................................................................................................15
      2.3.3       Capital Expenditure ..........................................................................................................................................16
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................17
      2.3.5       Liquidity ............................................................................................................................................................18
3     Mergers & Acquisitions and Partnerships ........................................................................................... 19
    3.1       M&A and Partnerships Strategy ...........................................................................................................................19
4     Recent Developments ........................................................................................................................... 21
5     SWOT Analysis ...................................................................................................................................... 22
    5.1       SWOT Analysis - Overview ..................................................................................................................................22
    5.2       Strengths ..............................................................................................................................................................22
    5.3       Weaknesses .........................................................................................................................................................22
    5.4       Opportunities ..................................................
								
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