김포 수학 #과외 [운양동,풍무동,걸포동] 영어 #과외

김포 수학 #과외 [운양동,풍무동,걸포동] 영어 #과외

 

김포수학과외 김포영어과외 

고정리 지석묘, 김포 덕포진, 김포 문수산성, 김포 수안산성, 김포 장릉, 김포군읍지, 김포향교, 문수사 풍담대사 승탑 및 비, 심강신도비, 심련원신도비, 우저서원, 장만선생 영정 및 공신록권, 통진향교, 한재당 운양동 영어 과외 운양동 수학 과외 

 

 

assigning this into our forecasts. Everonn has articulated expansion plans into school management and vocational training, which are not part of our estimates. A positive booster from these may propel its growth, thanks to the demand in both spaces. In school management, Everonn

 

풍무동 영어 과외 풍무동 수학 과외 plans to take over schools in industrial townships, while in vocational training, an alliance with an international player can kick-start growth with some early credibility. Everonn may be a beneficiary of the Indian Govenrment's high focus on vocational training in public schools/colleges given its presence in this segment. A better-than expected pick-up in ViTELS can lead to a much better margin profile and profitability metrics. While the recent expansion of the ViTELS footprint seems to have slowed down, there is still a strong demand for the offering, and the group has been articulating greater success in the school segment - current centre mix is 190 colleges, 125 schools and 15 retail centres. Finally,

 

걸포동 영어 과외 걸포동 수학 과외 we have assumed 3,500 ICT wins per year in our numbers. Greater success in this tender-based bidding process may change our forecasts. Sales (Rsm) 0 500 1,000 1,500 2,000 2,500 05A 06A 07A 08CL 09CL 10CL Op profit (Rsm) 0 100 200 300 400 500 600 05A 06A 07A 08CL 09CL 10CL Debt coverage (years) 0 1 2 3 4 5 6 7 05A 06A 07A 08CL 09CL 10CL Net debt(cash)/equity (%) (40) (20) 0 20 40 60 80 100 120 140 160 05A 06A 07A 08CL 09CL 10CL Net cashflow (Rsm ) (900) (800) (700) (600) (500) (400) (300) (200) (100) 0 05A 06A 07A 08CL 09CL 10CL Earnings yie ld (%) 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 05A 06A 07A 08CL 09CL 10CL Everonn Systems - U-PF Indian education 14 March 2008 bhavtosh.vajpayee@clsa.com 79 Summary financials Summary P&L forecast (Rsm) Year to 31 March 2006A 2007A 2008CL 2009CL 2010CL Revenue 309 430 818 1,429 2,314 Operating Ebitda 144 176 299 565 913 Operating Ebit 98 92 188 345 526 Interest income 0 0 13 46 52 Interest expense (16) (23) (32) (36) (36) Other items 0 2 0 (10) (5) Profit before tax 83 71 170 345 537 Taxation (33) (22) (54) (114) (177)