ֱٿ ָϰ Ҿ Դϴ.
ƴ ģ õ ް Ͽ Դٰ
ͼ ̰ ̶ ȸ縦 ˾ư ֽϴ.
Ұ 帱 ϼ ִµ(Ƹ ̰..) ó ο Թ,
Ǵ ο Թ ִ е鿡 帮 () ̰ Űܳϴ.
α ߴµ... ڸ ϳ.
뿡 ٸ ǰ̳ Ÿ ۷ ּ. ˾ƾϴϱ. *^^*
ɸ ϴ. Խ ϵ ѰϿ... ö Ͽ øϴ.
---------------------------------------------------------------------------------
* (003010)
-
ijʷ ѱ dealer 45 ȸ.
43%, / 14%, ǰ/Service 23%, Ÿ 20% .
'04. 8 л(ܻ, 100%) л
-> л (4 ) Ϳְ .
EBITDA 12~14% 5Ⱓ .
, Ŀ÷Ʈ, ǰ service ַ» ӿ Ż, Ÿ,
ջ 嵿 Ȯ
- ι
15% Ḧ ijʷ ι Ŵ
ϰ ־ λھ, ߰, ڸ Ϳ и. Ų
Ǹ 15%, cash cow
- 嵿
1. л
: 125 BEP ȸ, ȿ ҷ 忡 .
(2006) ȸ .
2. Ÿ
: ź ѱ¿ 65/Ʈ Ĵ
1Ҵ 30 CAPEX 10/ ϴ 50%. õ
Ÿ ̸ '06 2~3 ߰ . Ǽ(4~5), ȿ(1)
̸ ־ 簡 ͼ .
3. CES
: 5õ~1 Ǵ CES(Commodity Energy sys) ̴Ͻŵ չ ü
ð ðԵʿ տ ʿ. ɳ 2õ ̸
CES ȸ . '06 162, '07 648
̸ M/S 30% . ϴ ġǸ maintenance ͼ ¬
(30% ).
- ͼ
*ͷ
: л л -> 7%̻ ('05 4Q 8.4%), EBITDA 13%
*ͷ
: ȯ . ֱ ȭ . ȸ й '06 10ﳻ 7% ̻
*ü
: Żл ް, Ÿ , CES 嵿 Ȯ
-
'06 Ż ȸ 嵿º 1300, 80
(Ż ̹ݿ), ֱ ؿ , Ÿ,CES 强 .
- Risk Factor
ȯ . ȯ ̶ ũ Ǵ.
- Ÿ
'04 85, 20% ̻
ڻ 25ִ -> ų 20
ڻ 95 05.8 5 2,650 ϼ
ſ 6.4% ( ̷ ȸ簡ġ ȵ)
-
** 1,200 .(强ص) -> ðѾ(468) 2 ¿
ġ:600 ̻ -> '06 1300, ͷ 7% 900 ġ 30% īƮ
ȸ簡ġ: 200 -> 125 1.5 ŰԿ ܰ 3£ 1.5 ߰
2
ڻ갡ġ: ϰ 400, õ 1.3( 200 260), (絿 100),
0.7( 100 70)
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մϴ.
ȾҴ ϰ ֽϴ.
Ƽ ְ ߴ ֽϴ.
ȴٰ ϴ ̶
ο ̱.
Ͼ ڵ ˵ ߰...
̶ֽ
ϰ ִµ....' ' Ȯ ʰ
ִٰ մϴ.
Ѵް ϴٰ а ϱ.. 缭 Ƚϴ. , ó .. , 빰 Ƽ..
roe 12%̸̻ ݻ÷ȭٵ....ش δ ҹ roe ̷ ٸ 1 Ѿ ϴ 2° Դϴ..