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ValuEngine Detailed Valuation Report for GLGL

ValuEngine Detailed Valuation Report for GLGL

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Published by ValuEngine.com
Advanced academic research that brings you superior investment strategies in an actionable format. The most comprehensive and useful report available. ValuEngine's three models: Valuation Model, Forecast Model and Ratings Model are incorporated to give you a well-rounded analysis from three different perspectives. Consensus EPS trend and Earnings Surprise statistics provide additional insights. Also, detailed Company Profile, ValuEngine Fair Valuation; 1-3-6 month and 1-2-3 yr forecasts, ValuEngine 1-5 Engine Rating, Multi-stock comparison, Financials, Earnings Estimates, Risk Assessment, Data Summary and much more.
Advanced academic research that brings you superior investment strategies in an actionable format. The most comprehensive and useful report available. ValuEngine's three models: Valuation Model, Forecast Model and Ratings Model are incorporated to give you a well-rounded analysis from three different perspectives. Consensus EPS trend and Earnings Surprise statistics provide additional insights. Also, detailed Company Profile, ValuEngine Fair Valuation; 1-3-6 month and 1-2-3 yr forecasts, ValuEngine 1-5 Engine Rating, Multi-stock comparison, Financials, Earnings Estimates, Risk Assessment, Data Summary and much more.

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FL 32902 support@ValuEngine. 04. manage your portfolio. 3.2012 ValuEngine Inc PO Box 399 Melbourne.Annual and Quarterly ValuEngine's fundamentally-based. In addition. 6. the firm covers most major Canadian stocks and can provide coverage of Tokyo markets on an as needed basis.com (800)381-5576 . and 12 Month Time Horizons Historical Price and Recommendation Chart Business Summary Optimal Buy-Sell Levels Overall Rankings Alternate Valuation Figures -PEG and Comparables' PEG Detailed Financials . and allocate capital for maximum returns.VgluEngine TM The Leader in Stock Valuation and Forecasting DETAILED STOCK VALUATION REPORT GLG LIFE TEC CP Ticker: GLGL May. quant-derived research is now available to private investors. ValuEngine currently covers @5500 US equities as well as @500 ADRs and foreign stocks that trade on US markets. 2012 CONTENTS • • • • • • • • Valuation Snapshot Forecast Target Prices -1. ValuEngine's research will enhance your ability to evaluate individual stocks. Copyright © 1998 .

FL 32902 (800) 381-5576 (T) support@ValuEngine.47 $0.20 RECOMMENDATION FACTORS Value Overall Rank Fair Value 1Yr Target Price P/E Ratio Last 1-Y Return Market Cap(bil) $1. For more details on the ValuEngine One Year Forecast Target price and its components. Inc. This makes GLGL 37.11%. For more details on ValuEngine's Fair Value Model. each playing a role in the valuation analysis.ValuEngine.24 n/a -91. We then apply the most advanced statistical/econometric techniques to ensure that our stock return forecasts are as reliable as possible.90% 94. among other things. please click HERE. 04.80 $0. please go HERE. Sell. several important tendencies that stock prices consistently exhibit: Short-term price reversals. Strong Sell based on the Forecast One Year Return.26.60 Volume (million) 10 . A stock is rated Strong Buy. FAIR MARKET VALUATION PRICE Based on available data as of May. FORECAST ANALYSIS 1-Month 3-Month 6-Month 1-Year 2-Year 3-Year Target Price $0.05. BASIC INFORMATION Last Trade Trade Date Market Cap(bil) Trailing P/E Forward P/E PEG Ratio P/S Ratio M/B Ratio Sharpe Ratio 5-Y Avg Ann Return Volatility EPS Growth Annual Dividend Dividend Yield LT Debt/Equity Beta VALUATION ANALYSIS GLGL Industry Sector Today's Fair value: $1.com 2011 RECOMMENDATION NEGATIVE underperform NEUTRAL match .2012 ValuEngine Inc 1 .00 0.89% $0. market valuation and expected EPS growth. The breakdown for each rating is as follows: • Strong Buy: More than +12% 1YFR • Buy: Between +5% and +12% 1YFR • Hold: Between -5% and +5% 1YFR • Sell: Between -12% and -5% 1YFR • Strong Sell: Less than -12% 1YFR ValuEngine's Strong Buy-rated stocks have an averaged annual return of 19% since 2001. Buy.49% n/a n/a 0.17 -1. 04.00 Jan-2010 Close Price Jul-2010 Jan-2011 Jul-2011 Sell Jan-2012 Hold Buy Target Price Volume VALUENGINE RECOMMENDATION ValuEngine has issued a BUY recommendation for GLG LIFE TEC CP on May.96. 2012 GLG LIFE TEC CP(GLGL) VALUENGINE RECOMMENDATION & BASIC INFORMATION 12 POSITIVE outperform ©ValuEngine.03 Rank btm 19% top 14% top 1% btm 2% btm 2% btm 25% 2 .55% overvalued $0.com www. Hold.26 $1.com Copyright © 1998 .26 37. Contact ValuEngine: ValuEngine.30 VALUENGINE RATING Price 8 5 . please go HERE. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth.87 n/a 0.43% 86. For more details on ValuEngine's Forecast Model.59 0. and correlations to the 30year Treasury bond yield of 3. The company exhibits ATTRACTIVE market/book ratio. For GLGL. forecasted EPS for the next four quarters of -$0.67% 3.77 $0. we base this on actual earnings per share (EPS) for the previous four quarters of -$0.24 $1. and Long-term price reversals.39% undervalued. There are an additional 10 firm specific and interest rate related parameters. We use a distinct forecasting model for each time horizon and for every industry. Intermediate-term momentum continuation.59% 57.38% undervalued Consumer Staples 7.13% 1.80 Exp. 04.40 .VgluEngine TM DETAILED RESEARCH REPORT May.62% FORECASTED TARGET PRICES The predictive variables used in Valuengine's forecast target price models include both proprietary and well-established forecasting variables derived from credible financial research studies and publications.10 .89 RECOMMENDATION OVERVIEW ValuEngine's stock recommendations are based on the proprietary ValuEngine one-year forecast return (1YFR) model output for each individual equity.79 05/03/12 $0.19% 0. we believe that GLGL should be trading at $1. PO Box 399 Melbourne.39% undervalued Food-misc/diversified 3. 2012. we feel that GLG LIFE TEC CP has the probability to OUTPERFORM average market performance for the next year. Our forecasting models capture.82 $1.14 -94. 2012. Return -2.50 .22% 82. Based on the information we have gathered and our resulting research.0261703 n/a -14.

90% 94. the more positive the influence each measurement has on the overall attractiveness of the stock. It is also engaged in marketing and distribution of the finished product.96 per share in its recent 4 quarters.39% -91.00 EVALUATION & RANKINGS SUMMARY Just as important as the percentages shown for our ten predictive variables for each stock is the way they are ranked against the 7000 plus stocks in our database.00%). we resort to the P/S to assess its fair value.49% 0.06 (or valuation below 16.69 $0. DATA SUMMARY & MARKET RATIO BASED VALUATION MARKET RATIO BASED VALUATION Portfolio managers and professionals traditionally rely on market ratios to gauge whether a stock is fair valued or overvalued. On this page. refining and formulation. we use both (i) the average historical market ratio of the stock over the past 10 years (or however long there is data available for the stock). GLGL's average P/S is n/a. Generally the higher the ranking. GLGL earned -$0. GLG Life Tech Corporation is a global leader in the supply of high purity stevia which is a natural. we present such a valuation based on one of three market ratios: PEG (price to trailing 4 quarter earnings ratio.21 Fair Value Comparable Stocks' Avg P/S Comparable P/S-Based Fair Value 0.22% 82. The analyst consensus estimate is -$0. Let's take them one by one: • Valuation rank 87: 13% of stocks are more undervalued • Momentum rank 2: 98% of stocks have higher momentum • Sharpe Ratio rank 2: 98% of stocks have a higher Sharpe Ratio • 5-Year Average Annual Return 4: 96% of stocks have higher average annual return • Volatility rank 20: 80% of stocks have less volatility • EPS growth rank 85: 15% of stocks have greater projected EPS growth • Size rank 25: 75% of companies have higher market capitalization • P/E rank 2: 98% of stocks have lower P/E ratios • Price/Sales rank 71: 29% of stocks have lower price/sales ratios • Market/Book rank 97: 3% of stocks have lower market/book value ratios 2. The current P/S average of these comparables is 0. GLG's advanced technology and extraction technique make it a world leading producer of high purity rebaudioside A extracts. OPTIMAL BUY-SELL Based solely on the Historical Mispricing of GLGL. The Company's operations include stevia seed breeding.00%). To establish a valuation standard.08 n/a 0.2012 ValuEngine Inc 2 . NUIN and RELV. while P/E is better than P/S.89% -94. GLGL's current price sales ratio is 0. we apply the PEG to give a fair value assessment if both its trailing 4 quarter EPS and forecasted EPS growth rate are positive. we apply the P/E to give a fair value for the stock as of today.87 0.59 0. and (ii) the average market ratio today of five comparable stocks in the same sector and from companies of similar size. EVALUATION & RANKINGS Valuation 12-Month Return 5-Y Avg Ann Rtn Volatility EPS Growth Market Cap(bill) Sharpe Ratio P/S Ratio M/B Ratio P/E Ratio Value -37. If its forecasted EPS growth is negative but its forward 4 quarter EPS is positive. P/E (price to forward 4 quarter earnings ratio). GLGL earned -$0. Each of these quantitative measurements is ranked on a scale of 1 to 100. Valuation Based on Comparables' P/S GLGL's comparables are AMNF. GLGL's current price sales ratio is 0. extraction.05 for its 4-quarterforward EPS.03 -1. Valuation Based on GLGL's Past P/S Over the past 5 years. NTRZ.6 0. The best time to sell would be above $1. This is sometimes confusing to newcomers to ValuEngine. These two alternative perspectives should give you a good idea about where this stock's valuation stands today. PEG is the most informative as it reflects both the price/earnings ratio and expected future EPS growth. For each given stock.14 (or valuation above -10. Otherwise. divided by the consensus analyst forecasted next year EPS growth). Comparables' P/S Comparables AMNF DROP NTRZ NUIN RELV Current P/S 1. Fair Value Historical Average P/S P/S-Based Fair Value n/a $0. The analyst consensus estimate is -$0.69. zero-calorie sweetener used in food and beverages. Among the three. The following assessment is based on multiplying the historical P/S with recent 4 quarter sales per share for GLGL.93 Copyright © 1998 . growth and harvest. propagation.96 per share in its recent 4 quarters. The following assessment is based on multiplying comparable stocks' average P/S today with GLGL's recent 4 quarter sales per share .59.VgluEngine BUSINESS SUMMARY TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) BUSINESS SUMMARY. DROP.59. the best time to buy would be below $1.17 n/a Rank 87 2 4 20 85 25 2 71 97 2 1.14 0. and P/S ratio (price to trailing 4 quarter sales). In other words a high rank is always better.05 for its 4 quarter forward EPS.

58% 67 industry's rank score of 51. Sector -12.02% 45 industry rank of 49.55% 45 significantly higher than the average of its industry group. Each of these quantitative measurements is ranked on a scale of 1 to 100.38% 47 the more undervalued the stock. which has a rank of 57. Stocks with the lowest P/S ratio are Industry 2. S&P 500 n/a n/a -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Sharpe Ratio Rank The ValuEngine Sharpe Ratio Rank measures the risk return tradeoff GLGL -1. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- P/S Ratio Rank The ValuEngine Price/Sales rank signifies the relative position of the GLGL 0.39% 87 company's stock price and its Fair Value. which is substantially lower Sector 57. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 5-Y Avg Ann Rtn Rank The ValuEngine 5-Years Average Return Rank reflects a stock's GLGL -94. GLGL has a Market/Book rank of 97.40% 56 stocks. Stocks in the top P/E percentile are each assigned a rank of 1(highest P/E stocks) while those in the bottom P/E percentile are assigned a rank of 100 (traditional value stocks). A higher rank corresponds to a lower Industry 5. a higher 12-Month Return rank indicates a stronger performance. With a Valuation Rank of 87. S&P 500 19. which S&P 500 -1.VgluEngine TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) VALUENGINE RANKINGS Just as important as the percentages shown for our ten predictive variables for each stock is the way they are ranked against the 7000 plus stocks in our database.34% 92 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- EPS Growth Rank The ValuEngine EPS Growth Rank indicates a stock's expected EPS GLGL 94.71 n/a Rank 2 53 55 n/a The ValuEngine P/E Rank signifies the relative standing of a company on its P/E ratio.80% 49 has an EPS Growth Rank of 85.65 24.14 2 offered by a stock.This is significantly higher than the Sector 41. the more positive the influence each measurement has on the overall attractiveness of the stock. and S&P 500 averages.89% 2 performance of a stock over the recent 12 months. Industry -3. Sharpe ratio is the stock's average annual return Industry -0. S&P 500 n/a n/a -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- P/E Ratio GLGL Industry Sector S&P 500 n/a 16.26% 65 has a rank of 59. GLGL is substantially lower than the industry.58 58 GLGL is substantially lower than the industry. On a scale of 1 to Industry -13.01% 59 coverage universe.2012 ValuEngine Inc . -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 12-Month Return Rank The ValuEngine 12-Month Return Rank reflects the relative stock GLGL -91. A higher rank indicates a better return performance. which is Sector 6. Generally the higher the ranking. 3 Copyright © 1998 . With a P/E rank of 2.07 60 industry.09 56 same 5 years. GLGL Industry 30. The below data points show how the rank for each data point for GLGL relates to the overall industry.34 61 ranked 1. Sector -9.34 45 significantly higher than the industry rank of 43. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- M/B Ratio Rank The Market/Book Rank is a measure of a stock's market to book ratio GLGL 0. The higher the Valuation rank. GLGL is substantially lower than the S&P 500 2. A higher rank denotes a larger market Industry 8. Sector 9.45 57 capitalization within ValuEngine's stock universe.46 62 assigned a rank of 100 while stocks with the highest P/S ratio are Sector 2.89% 56 With a rank of 4. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Valuation Rank The ValuEngine Valuation Rank measures the relationship between a GLGL -37.47 43 market book value.32% 51 100. sector. GLGL is substantially lower than the industry P/E rank of 53. With a rank of 2. in comparison with the Industry -12.13% 53 With a 12-Month Return Rank of 2. With a Size rank of 25. A high rank indicates a high growth rate expectation.49% 85 growth rate. GLGL has a Volatility Rank of 20. A higher Volatility Rank indicates a lower volatile percentile of Industry 53.04 62 (over the last five years) divided by its annualized volatility over the Sector -0. which has a rank of 62.03 25 market capitalization.22% 4 average annual return over the last 5 years. which carries S&P 500 n/a n/a a Valuation Rank of 47.74% 55 than the industry Rank of 56.90% 20 stock. S&P 500 n/a n/a -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Market Cap(bill) Rank The ValuEngine Size rank signifies the company's size in terms of GLGL 0. At a Price/Sales rank of 71. GLGL is substantially lower than the S&P 500 -0.59 71 company based on its P/S ratio.17 97 relative to the stock universe. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Volatility Rank The ValuEngine Volatility Rank reflects the volatility associated with the GLGL 82. GLGL is Sector 7. In other words a high rank is always better. GLGL is in line with the industry S&P 500 n/a n/a rank of 62. relative to the universe.

99% 52.02 0.61% 54.43% NUIN 51.12 -0.14 0.65% 49.68 -0.07% 46.54% 4 92 25 22 7 RISK ASSESSMENT: CHANCE OF GAIN AMNF One-Month Three-Month Six-Month One-Year 82 Two-Year Three-Year 52.30% 45.16% 211.17% 46.70% 54.10% 49.49% 12-Month Return Rank GLGL AMNF DROP NUIN NTRZ -91.81% Rank 20 2 59 15 RISK ASSESSMENT: CHANCE OF LOSS AMNF 85 One-Month Three-Month Six-Month One-Year Two-Year 47.94 n/a n/a n/a n/a Rank n/a n/a n/a n/a Market Cap(bill) GLGL AMNF DROP NUIN NTRZ 0.56% 1.13% 49.98% 52.55% NTRZ 50.71% 45.37% 42.05% 2.58% 76.97% -71.48% 61.83% 53.56% 24.61% -25.93% 61.56% -5.43% 86.44% 75.92% 45.62% -28.50% 2 61 n/a 23 19 Six-Month One-Year Two-Year Three-Year 5-Y Avg Ann Rtn Rank GLGL AMNF DROP NUIN NTRZ -94.59% 57.90% 50.08% 54.29% 54.79 n/a Rank 2 77 n/a 100 n/a Copyright © 1998 .31% -1.23% n/a -38.60% -1.VgluEngine Valuation GLGL AMNF DROP NUIN NTRZ -37.02 Rank 25 25 23 26 23 Three-Year * Comparables are companies in the same Sector and Industry and of approximately similar market capitalization value.59 1.52% GLGL 53.40% -9.90% 27.13% -4.56% Volatility GLGL AMNF DROP NUIN NTRZ 82.89% -1.5 -0.25% 53.86% 53.85% -18.02% 47.41% -14.44% EPS Growth GLGL AMNF DROP NUIN NTRZ 0. Sharpe Ratio GLGL AMNF DROP NUIN NTRZ -1.08% 42.54 Rank 97 18 n/a 91 54 P/E Ratio GLGL AMNF DROP NUIN NTRZ n/a 12 n/a 1.23% 2.00% -18.42% 23.39% 45.48% GLGL 46.35% 50.6 Rank 71 55 n/a 61 71 M/B Ratio GLGL AMNF DROP NUIN NTRZ 0.17 5.87% 50.22% 13.43 1.03 0.15% GLGL -2.03 0.69% 91.07% 38.14% 46.68% 3.08 n/a 0.46% -44.75% 46.28% NUIN 0.35% 47.65% 52.19% 0.39% n/a n/a n/a n/a TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) COMPARISON OF SIMILAR STOCKS* & RISk ASSESSMENT Rank 87 n/a n/a n/a n/a FORECAST COMPARISONS RETURN FORECAST: EXPECTED RETURN AMNF One-Month Three-Month 0.28% 64.2012 ValuEngine Inc 4 .62% NTRZ -0.54% -15.13% 1.67% 3.34% -21.49 n/a 0.78 Rank 2 94 54 11 8 P/S Ratio GLGL AMNF DROP NUIN NTRZ 0.57% NUIN 48.03 0.87 0.72% 35.45% NTRZ 49.52% 38.93% 53.92% 57.01% 47.02% -4.

1 32.3 0 0 0.1 39.9 0 5.2 0 202.7 13.3 0 0 0.1 0 0.2 0 6.2 ---0 12.1 0 5 36.1 -9.4 61. Plant & Equipment Investment & Advances Other non-current Assets Deferred Charges Intangibles Deposits & other assets TOTAL ASSETS Notes Payable Accounts Payable TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) ANNUAL FINANCIALS (All items in Millions) 200912 14.6 0 118.6 127.1 Current Portion of Long-term Debt Current Portion of Capital Leases Accrued Expenses Income Taxes Payable Other Current Liabilities Total Current Liabilities Mortgages Deferred Charges (taxes/income) Convertible Debt Long Term Debt Non-Current Capital Leases Other Long-Term Liabilities Minority Interest (liabilities) Total Liabilities Preferred Stock Common Stock.8 0 0 0 12.1 67. Net Capital Surplus Retained Earnings Treasury Stock Other Equity Total Shareholders' Equity Total Liabilites & Shareholders Equity Copyright © 1998 .6 0 74.VgluEngine BALANCE SHEET Cash Marketable Securities Receivables Inventory Raw Materials Work in Progress Finished Goods Notes Receivable Other Current Assets Total Current Assets Property. Plant & Equipment Accumulated Depreciation Net Property.5 202.8 22.2012 ValuEngine Inc 5 .4 --95.

3 0. Other Adjustments .7 70.7 -3 0 -0.2 10.1 -0.4 0.7 5.7 -8. Increase/Decrease in Prop. & Equ. Expense Income Before Depr.VgluEngine INCOME STATEMENT Net Sales or Revenues Cost of Goods Sold Gross Profit TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) ANNUAL FINANCIALS (All items in Millions) 201012 60.3 29. Net Change in Cash & Cash Equivalents Copyright © 1998 . before non-recurring Preferred Dividends .Diluted. Acquisition/Disposition of Subsidiaires Increase (decrease) in Investments Other Cash inflow from Investment Act. net EPS .Net Net Cash from (used by) Operating Act. Amort. Plant.5 0 38.1 --0 Research & Development Expense Selling.4 2.7 0 -0.4 53 7.Basic.1 -30.6 0 10.7 70.3 0.6 -20.6 0 -0.6 --------------3 0 -3 26.7 0 -8.. Non-Operating Income Interest Expense Pretax Income Provision for Income Taxes Minority Interest Investment Gains (Losses) Other Income Income Before Extraordinaries & Disc Extraordinary Items & Discontinued Net Income Average Shares used for Diluted EPS Average Shares used for Basic EPS Income Before Non-Recurring Items Income From Non-Recurring Items EPS .9 26.2 0 0 0.1 0.7 0 0 0 0 -0 0 200812 8.Diluted.9 -15. Amort.6 6 . General & Admin.1 -0. net EPS .3 -0. Depletion..1 -0 0 200912 36. Depreciation. Depl.7 0 0.Acc & Pd Dividends (common) Dividend per share (common) CASH FLOW STATEMENT Net Income (Cash Flow) Depreciation. Issuance (purchase) of Equity Shares Issuance (repayment) of Debt Securities Increase (decrease) in Bank & Other Payment of Dividends & Other Cash Other Cash from (used by) Financing Net Cash from (used by) Financing Act.3 0 2.9 0 -15.2 -30. Net Cash from (used by) Invesment Act.1 --------------8.2012 ValuEngine Inc 0.7 0 0. Amortization-CF Net Increase(decrease) in Cash from(used in) Discontinued Oper.1 -0. Depletion.7 26.1 -0.7 19 19 0.

5 0 0 0.1 0 0 0.2 -10.5 83.6 0 0 0 0 0 112.1 32.5 92.5 0 96. Plant & Equipment Accumulated Depreciation Net Property.1 -9.2 205.7 --106.1 14.6 --116.9 158 --109.6 0 18.6 25 0 0 0.1 0 21.9 0 193.5 146.8 221 200912 14.4 20.7 107.2 0 6.1 0 190.3 89.4 135.8 183.5 0 8.5 74 33 0 0 0.2 ---0 12.1 0 16.6 127.5 -30.2 112 0 0.8 0 136.5 96.5 0 17 61.4 0 0 0.2 80 0 0 0 16.8 135.9 0 5.3 201009 25.3 0 0.1 42.6 0 118.7 0 280.3 0 0.3 54.5 71.4 --95.9 0 0 0.3 0 291.7 65.8 25.1 14.6 0 0 0 29.5 201006 18.6 0 6.6 0 135.5 0 9.1 0 5 36.2 14.6 291.1 78.4 243.2 322.3 0 0 0.7 0 0 0.3 90.9 --101.1 39.1 Current Portion of Long-term Debt Current Portion of Capital Leases Accrued Expenses Income Taxes Payable Other Current Liabilities Total Current Liabilities Mortgages Deferred Charges (taxes/income) Convertible Debt Long Term Debt Non-Current Capital Leases Other Long-Term Liabilities Minority Interest (liabilities) Total Liabilities Preferred Stock Common Stock.6 0 0 0 0 0 4 0 134.6 0 74.5 42.9 0 0 0 0 0 0 0 107.2 0 0.9 280.3 ---0 21.7 13.6 145.3 0 0 0.5 198 310.6 0 194.5 201103 59.2 0 0.8 0 0 0.5 0 0 0 43 0 310.4 ---0 19.8 27.6 0 16.7 33.1 -55. Plant & Equipment Investment & Advances Other non-current Assets Deferred Charges Intangibles Deposits & other assets TOTAL ASSETS Notes Payable Accounts Payable TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) QUARTERLY FINANCIALS (All items in Millions) 201109 9.4 0 0 112.6 0 117.2 0 130.8 ---0 15. Net Capital Surplus Retained Earnings Treasury Stock Other Equity Total Shareholders' Equity Total Liabilites & Shareholders Equity Copyright © 1998 .1 0 5.5 202.5 0 0 0 0 0 4.7 ---0 17.4 61.VgluEngine BALANCE SHEET Cash Marketable Securities Receivables Inventory Raw Materials Work in Progress Finished Goods Notes Receivable Other Current Assets Total Current Assets Property.6 0 0 0.9 0 221 43.1 44.4 0 0 0 12.7 ---0 25.3 0 0 130.1 98.8 0 0 0 12.9 21.1 0 3.1 67.4 --100.7 0 8.5 23 -17.6 0 7 145.3 -12.5 172 --106.6 ---0 31.8 0 0 0.4 -12.1 0 243.1 41.1 0 0.6 43 0 322.2 0 202.3 201003 12.3 0 4.5 201106 34.9 0 1 0 85.3 27.3 53.2012 ValuEngine Inc 7 .8 22.

7 0 1.5 2.8 0 -0.7 3.4 0 3.2 0 -0 -0 -0 -0 0 201003 7.3 1.9 26.9 -31.3 13. Amortization-CF Net Increase(decrease) in Cash from(used in) Discontinued Oper.8 -4.7 0 1.3 2. & Equ.2 -0.1 -1.2 0 -0.5 -23 -12.5 24.4 -0 0 201103 7..6 0 -0.2 -0.1 0 1 -10.Acc & Pd Dividends (common) Dividend per share (common) CASH FLOW STATEMENT Net Income (Cash Flow) Depreciation.7 0 4.VgluEngine INCOME STATEMENT Net Sales or Revenues Cost of Goods Sold Gross Profit TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) QUARTERLY FINANCIALS (All items in Millions) 201109 1.2 33.8 0 0.6 -9.2 0 0 0 -5.1 1.7 3.3 -5.5 -1.6 -0.1 36.1 0 -0.3 26.9 -15.1 0.3 0 12.1 2.3 -0.8 0 1.3 -12.3 0 46.8 55 -1.4 23.3 33.5 4. Net Change in Cash & Cash Equivalents Copyright © 1998 . Amort.3 0.1 -30.1 0.9 -1.6 0 0 8.1 2.2 0 11 -14.3 -7.3 -0.2 -0 0 201012 19.4 53 7.Diluted.6 26.6 0 -0.9 4.3 0 -1.1 0 2.2 1.2 23.1 -0 0 200912 13 -------------0.2 44.1 1.5 0 -0.7 6.2 8.2 1 -0.9 --------------3.1 1.7 0 -12.4 -0.4 -30.9 0 -5.9 10.2 -12 -0.5 0 38.1 -0.Basic.2 -20.3 -10. Issuance (purchase) of Equity Shares Issuance (repayment) of Debt Securities Increase (decrease) in Bank & Other Payment of Dividends & Other Cash Other Cash from (used by) Financing Net Cash from (used by) Financing Act.9 ---5.7 7.4 24. Non-Operating Income Interest Expense Pretax Income Provision for Income Taxes Minority Interest Investment Gains (Losses) Other Income Income Before Extraordinaries & Disc Extraordinary Items & Discontinued Net Income Average Shares used for Diluted EPS Average Shares used for Basic EPS Income Before Non-Recurring Items Income From Non-Recurring Items EPS .6 3.4 0 0 0 -1.9 -1.7 -5 0 0 0 -5 56 0 -18.6 -20.4 0.7 -21.2 0 5.Diluted.5 -6.1 -0.2 0 0 0 1.3 55.3 0 0 0 -7.7 0 0.8 6.7 4. Increase/Decrease in Prop.6 -13. net EPS .5 0 3. Amort.9 -3. Expense Income Before Depr.6 -3.1 0 0 0 -10.2 0 -24.6 -6.6 -7.9 -0.4 -0.8 1.2 -30.3 26. Other Adjustments .7 5.2 6.9 0 -15.9 13.1 0 0.9 0. Depreciation.3 0 -3. Depl.2 23 -14.3 0 -0.4 -0 0 201106 15.1 26.5 0 0 0 -12.1 -0 0 201009 20.8 32.Net Net Cash from (used by) Operating Act.6 -0. Acquisition/Disposition of Subsidiaires Increase (decrease) in Investments Other Cash inflow from Investment Act.5 0 -33.7 47 34.8 0 1.8 26.3 29.1 -0.6 -0.7 32.2 -27.6 0 -0. before non-recurring Preferred Dividends .9 0 -0.9 0 -3. General & Admin.3 0 -0.4 6.1 0.7 -0.1 0 0 0 -12.5 0 -1.8 0. Depletion..1 -0.1 0 15. Depletion.2 0 2.5 0 0 0 0 -0 0 Research & Development Expense Selling.3 -5 0 0.1 -0 0 201006 10.3 0 0 0 -0.4 1.6 0 0 0 -5.2 -12.1 0.5 0 0 0 -24. Net Cash from (used by) Invesment Act. Plant.2012 ValuEngine Inc -47.6 0 15.8 0 0 0 -0.6 -3.1 4.4 9.4 -0. net EPS .9 1.6 8 .6 -5.4 12.8 -12.4 0.5 0 0.2 -5.6 -7.9 0.1 -0.3 0 -0.2 0 -11.9 1.7 -0.1 -7.7 0 -0.

and database capabilities to your desktop. analysis. and mathematical brainpower on staff to provide Funds and Institutions with complete solutions to their research.com. and web-site owners. sign up here: www.S. The ValuEngine Weekly Newsletter also includes tips and tricks for getting the most out of VE's quant-based investment tools. Please call (800) 381-5576 to speak with a sales representative or email support@valuEngine.valuengine. foreign. and strategy-implementation needs. please go to our website at www. and consistent computerized research department whenever and wherever needed. ValuEngine Premium Web Site Stock Analysis Service: A subscription to our website allows access to ValuEngine's proprietary real-time quantitative analysis tools for more than 5. and U. Multi-stock comparison. customization.S. ValuEngine's three models: Valuation Model. an Independent Financial Advisor. indices. Tell us your financial objectives and specify your universe constraints and ValuEngine can provide everything from back testing and strategy development to front and back-end automation services.S. and commentary from ValuEngine Chief Market Strategist Richard Suttmeier and Senior Analyst Steve Hach. go to the Newsletter portion of our website: www. brokers.valuengine. You can sign up for a free 14 day no-risk trial period: www.valuengine. Forecast Model and Ratings Model are incorporated to give you a well-rounded analysis from three different perspectives. VEI will dramatically increase your productivity. you can differentiate your firm from the competition by offering of time-proven. accurate.ValuEngine. VEI deploys the power of ValuEngine's quant-based valuation. development. high-performance research to your clients.2012 ValuEngine Inc 9 .com/pub/main?p=33 The ValuEngine Weekly Newsletter: The ValuEngine Weekly Newsletter features market research. Markets. IT. Earnings Estimates. ValuEngine has the research. forecast.com.com/nl/mainnl ValuEngine Institutional (VEI): VEI is a software package designed to meet the demanding requirements of Finance Professionals. or an Independent Broker/Dealer with hundreds of financial advisors. The Weekly includes quantitative market and sector overviews of the entire ValuEngine U. VEI provides the finance professional with a fast. To receive this free newsletter every Friday. Copyright © 1998 . objective.500 U. The software provides access to our proprietary market neutral portfolio strategies and the ability to extract the entire universe database of ValuEngine model outputs each day. Below is a brief description of some of our additional products and services. The most comprehensive and useful report available. To view sample issues of our many newsletters or to subscribe. ValuEngine 1-5 Engine Rating. Full access to more than 4. More report information: www. and ADR stocks which trade on U.com/pub/main?i=0 Consultancy Services: With ValuEngine's 10 years of experience to help you maximize your professional investment strategy. Data Summary and much more. newsletter publishers. Whether you are a Fund Manager. Risk Assessment.S. portfolio creation/optimization. a Research House. or send us an email at support@ValuEngine. Financials. 1-3-6 month and 1-2-3 yr forecasts. Chief Market Strategist Suttmeier provides technical levels for key commodities. stock universe as well as VE data points for hot stocks and industries.000 individual stock reports--like this one--is included with every VEI subscription.VgluEngine TM DETAILED RESEARCH REPORT GLG LIFE TEC CP(GLGL) VALUENGINE SERVICE DESCRIPTIONS Thank you for your interest in ValuEngine! ValuEngine Detailed Valuation Report: Advanced academic research that brings you superior investment strategies in an actionable format. Consensus EPS trend and Earnings Surprise statistics provide additional insights. call us at 1-800-381-5576. Treasuries. ValuEngine Fair Valuation.valuengine. Also. detailed Company Profile.valuengine. Active traders should consider Chief Market Strategist Richard Suttmeier's ValuEngine Morning Briefing while those looking for a diversified portfolio of both long and short ideas should check out the ValuEngine Forecast 16 Market Neutral Strategy Newsletter. VE also offers long-only portfolio newsletter products as well as specialized industry and sector reports.com/nl/WeeklyNewsletter ValuEngine Premium Newsletters: ValuEngine offers a variety of premium newsletter products designed to meet every style of investment. please visit our website at www. To download a free demo.com/rep/mainrep To find out more about ValuEngine's many independent and objective investment products and services.. ValuEngine private-label products can be customized for funds managers.com. financial advisors.

and 2 and 1 rated are expected to underperform. Copyright © 1998 . It uses a three-class Buy-Hold-Sell rating system. ValuEngine has not managed or co-managed a public offering for any companies in the above report in the past twelve months. Inc. the analyst consensus estimate of the company's future 12-month EPS. ValuEngine. 3. Sell: Expected to underperform the SP500 producing below-average returns. represented by the model price.500 companies. ValuEngine does not receive any compensation from companies mentioned in this report. to buy or sell any securities or related financial instruments. Any other use. ValuEngine paints a detailed picture of a company's fair value. all of the views expressed accurately reflect his or her personal views about those securities or issuers. please click www. three-factor approach. such as a company's trailing 12-month Earnings-Per-Share (EPS). 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