Verizon Communications Expected Price Worksheet-5

Verizon Communications Expected Price Worksheet-5 - 61,897...

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Current Price= $63.36 Valuation Data 2010 2009 2008 2007 2006 2005 ### Tangible Bk. Val. 8.97 7.04 5.35 5.13 3.67 8.64 ### Cash Flow 5.84 5.39 5.57 4.59 4.57 4.2 ### Earnings 4.78 4.4 4.57 3.63 3.73 3.46 ### Dividends 2.11 1.93 1.79 1.62 1.46 1.27 ### Payout Ratio 44% 44% 39% 45% 39% 37% ### Prices - High 66.2 65.41 72.76 68.75 69.41 69.99 ### - Low 56.86 46.25 52.06 59.72 56.65 59.76 ### P/E Ratio - High 14 15 16 19 19 20 ### - Low 12 11 11 16 15 17 ### Financial Data (From Income Statement) 2010 2009 2008 2007 2006 2005 Net Inc. 13,334 12,266 12,949 10,576 11,053 10,411 Depr. 2,939 2,774 2,832 2,777 2,177 2,093 Int. Exp. 348 451 582 426 63 54 Eff. Tax Rate 22% 24% 20% 24% 24% Pretax Inc. 16,947 15,755 16,929 13,283 14,587 13,656 Oper. Inc. 19,420 19,550 19,001 17,990 15,886 15,464 Revs. 61,587
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Unformatted text preview: 61,897 63,747 61,095 53,324 50,514 # Of shares outstanding (in millions) 2789.540 2787.727 2833.479 2913.499 2963.271 3008.960 Sales Per Share 22.078 22.203 22.498 20.970 17.995 16.788 Avg Annual P/E Ratio 15.4167 13.000 13.000 13.500 17.500 17.000 18.500 Avg Annual P/S Ratio 3.2678 2.815 2.799 2.640 3.814 3.429 4.110 Avg Annual P/CF Ratio 12.5474 10.640 10.612 11.076 13.840 13.875 15.240 Estimated Financial Growth 3.00% Expected Upside from current stock price Exprcted Prices P/E Ratio $75.90 19.8% P/S Ratio $74.73 18.0% P/CF Ratio $75.48 19.1% JOHNSON & JOHNSON...
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