Morningstar Advisor Catalog 2008

1 866 391-4730 http://global.morningstar.com/BetaBook Buy books. 1 866 391-4730 http://global.morningstar.com/CofCResources Search and download reports. Statistics For SIC Code 3 Manufacturing This Industry Comprises 999 Companies Industry Description Rubber, leather, stone, clay, glass, concrete, primary metal, fabricated metal, industrial machinery, computer equipment, electronic equipment, transportation, optical goods, and photographic equipment products. Sales (million$) Total Average Three Largest Companies GENERAL MOTORS CORP FORD MOTOR CO HEWLETT-PACKARD CO Three Smallest Companies PTS INC ENVIRO VORAXIAL TECHNOLOGY SIMTROL INC Total Capital (million$) 1,958,398 1,960.4 207,349.0 160,123.0 91,658.0 0.1 0.1 0.1 Total Average Three Largest Companies FORD MOTOR CO CISCO SYSTEMS INC INTEL CORP Three Smallest Companies AHPC HOLDINGS INC MAMMATECH CORP FISCHER IMAGING CORP 3,050,426 3,053.5 186,422.1 160,534.1 112,631.6 0.5 0.4 0.2 SIC vs. S&P 500 for Last 10 Years (%) SIC Composite 40.00 30.00 20.00 10.00 0.00 Avg Return Std Deviation S&P 500 Number of Companies & Total Capital (billion$) S&P Debt Rating Large Cap Mid Cap Low Cap Micro Cap Totals AAA, AA, A BBB BB, B, CCC, CC, D Not Rated Totals 31 1241.5 18 399.7 9 342.9 10 197.3 68 2181.5 7 33.6 28 139.7 42 201.4 44 165.6 121 540.4 0 0.0 4 6.9 38 67.3 115 145.8 157 220.0 0 0.0 0 0.0 21 13.3 632 95.2 653 108.5 38 1275.2 50 546.3 110 624.9 801 604.1 999 3050.4 (companies) (capital) Annualized Statistics for Last 10 Years (%) Avg Return Std Deviation Compound Annual Equity Return (%) 5 Years 10 Years Sales, Income & Market Capitalization (billion$) 12.97 4.94 -5.11 22.46 19.48 78.78 Sales Operating Income Net Income Equity Capital Debt Capital S&P 500 SIC Composite Large Composite Small Composite 9.46 27.94 23.57 45.32 16.60 34.11 30.49 65.66 75th Percentile Median 25th Percentile SIC Composite Large Composite Small Composite Capital Structure Ratios (%) 18.42 5.54 -10.91 16.01 14.17 64.81 Current Yr. Last Yr. 2 Yrs. Ago 3 Yrs. Ago 4 Yrs. Ago 1,958.4 1,821.8 1,676.7 1,498.4 1,420.4 256.4 235.2 227.9 186.0 170.3 82.2 74.3 68.9 27.3 -9.3 2,512.7 2,407.5 2,025.4 2,050.5 1,279.9 537.7 720.9 745.9 740.5 671.0 Growth Over Last 5 Years (%) Net Sales Operating Income Net Income Distribution of Sales & Total Capital (million$) Debt/MV Equity 5-Year Avg Distribution of Sales Latest 5-Year Avg Latest Total Capital 5-Year Avg Debt/Total Capital Latest 5-Year Avg Latest Median SIC Composite Large Composite Small Composite Margins (%) 6.57 6.60 6.64 -21.57 7.38 8.28 8.06 -1.85 10.34 NMF NMF -3.17 6.92 16.67 19.57 2.68 11.37 25.61 29.56 5.87 7.43 20.00 24.33 2.75 12.83 34.43 41.96 6.23 90th Percentile 75th Percentile Median 25th Percentile 10th Percentile 3,196.7 816.3 139.7 21.7 3.5 2421.6 688.3 116.0 19.4 3.7 5207.7 1493.5 255.0 42.7 11.0 4,028.9 1,139.5 195.1 37.9 11.4 Operating Margin Latest 5-Year Avg Latest Net Margin 5-Year Avg Latest Asset Turnover Turnove 5-Year Avg Return on Inv. Cap. Latest 5-Year Avg Return on Assets Latest 5-Year Avg Latest Return on Equity 5-Year Avg Median SIC Composite Large Composite Small Composite 9.08 13.08 12.87 -270.36 8.18 12.91 12.99 -153.59 3.62 4.26 4.03 -363.96 1.55 3.05 3.38 -198.38 103.68 90.98 89.98 21.95 98.46 81.39 79.85 31.54 5.74 6.15 6.21 -61.06 3.10 3.84 4.34 -101.85 4.15 3.87 3.63 -79.89 1.89 2.48 2.70 -62.56 2.81 3.27 3.51 -12.82 1.82 2.62 3.22 -17.84 Equity Valuation Ratios (Multiples) Price/Earnings Latest 5-Year Avg Latest Market/Book 5-Year Avg Latest Price/Sales 5-Year Avg Latest Price/Cash Flow 5-Year Avg Latest Price/Operating Income 5-Year Avg Dividend Yield (% of Price) Latest 5-Year Avg Median SIC Composite Large Composite Small Composite Growth Rates (%) 35.56 30.59 28.53 NMF 54.80 24.82 23.02 NMF 2.28 3.48 3.74 28.32 1.73 2.97 3.11 9.02 1.48 1.30 1.15 28.39 1.32 1.16 1.05 11.12 38.61 38.14 37.11 NMF 53.35 36.87 31.12 NMF 15.06 9.96 8.93 NMF 13.06 9.01 8.08 NMF Betas 0.00 0.94 1.07 0.01 0.00 0.90 1.02 0.01 Cost of Equity Capital (%) Analysts' Estimate CAPM + Size Prem 3-Factor Fama-French Discounted Cash Flow Flo 1-Stage 3-Stage Weighted Average Cost of Capital (%) CAPM + Size Prem 3-Factor Fama-French Discounted Cash Flow 1-Stage 3-Stage CAPM CAPM Levered Raw Beta Adjusted Beta Unlevered Adjusted Beta Median SIC Composite Large Composite Small Composite 14.62 14.62 13.72 14.62 13.31 14.92 14.31 15.89 15.92 15.89 14.31 19.77 16.30 16.11 15.33 18.31 14.62 14.73 14.79 14.62 10.50 10.50 11.50 5.90 11.99 14.00 13.37 15.37 14.36 14.87 13.37 19.04 14.27 15.07 14.27 17.66 14.36 13.83 13.79 14.18 10.02 10.04 10.87 5.93 1.20 1.41 1.32 1.58 1.18 1.40 1.32 1.54 0.97 1.23 1.13 1.44 Cost of Capital 2007 Yearbook ©2007 3-1 Morningstar, Inc 17 http://global.morningstar.com/BetaBook http://global.morningstar.com/CofCResources

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