COLORPAK LIMITED (CKL)



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General Information
Company Name: Colorpak Limited
Stock Code: CKL
Website: www.colorpak.com.au
GICS Sub-Industry: Paper Packaging
Market Cap ($M): 59
Equiv. Shares (M): 82

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.720 $ 0.000 $ 0.000 $ 0.000 $ 0.720 0 0%

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 5th Feb 2013
12 Month Target Price (average): $0.86
Brokers Surveyed: 1

Company Overview

Business Description:
Colorpak Limited (CKL) designs and produces folding cartons, paper cups & lids, printed leaflets, printed blister and lidding foils, printed self-adhesive labels, sachets, point of sale displays and other paperboard packaging products for specific end-use markets. Its clients are in industries, including pharmaceutical & healthcare, beverage, confectionery, fast food and FMCG. CKL operates four sites in Australia and one site in New Zealand.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 7.7 9.4 -2.1 7.2 3.3 4.8 100.0
2011  A 7.8 9.6 21.5 6.4 3.3 5.3 100.0
2010  A 6.4 7.9 14.5 5.8 4.3 9.2 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Amcor (AMC) $12,248 M 0.1233 0.0566 0.0716 19.6896 18.6341 17.3891 0.0365 0.0394 0.0429
Colorpak (CKL) $59 M -0.0228 -- -- 7.6677 -- -- 0.0451 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CKL 0.55 7.67 0.88 -- 0.30
Market 1.07 12.6 0.89 2.31 2.58
Sector 0.58 8.89 0.69 1.98 7.25

Directors
Name Position Start Date
Mr Alex Commins Managing Director 23 December 2003
Mr Geoff Willis Non-Executive Chairman 12 January 2004
Mrs Bronwyn Margaret Constance Non-Executive Director 20 May 2011
Mr David James Heaney Non-Executive Director 12 January 2004
Mr Ian McClure Wightwick Non-Executive Director 28 August 2009

Management
Name Position
Stephen Nicholls Chief Financial Officer,Company Secretary
David Johnson General Manager - NSW
Lisa Bremner National Human Resources Manager
Cate Cleary National Industrial Relations Manager

Substantial Shareholders
Holding Name
6,146,812 (7.54%) Hunter Hall Investment Management Limited
26,018,534 (31.91%) Carton Services Limited
11,855,581 (14.54%) Perpetual Limited and subsidiaries

Calendar of Events
Date Event
03 February 2014 Report (Interim)
30 August 2013 Report (Annual)
08 August 2013 Report (Prelim)
05 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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