| Company Name: | Armstrong World Industries, Inc. | | Ticker Symbol: | AWI | | | WWW Address: | www.armstrong.com |
| CEO: | Mr. Matthew (Matt) J. Espe | | No. of Employees: | 9,100 |
| Common Issue Type: | CS | | Business Description: | Armstrong World Industries, Inc. is a global producer of flooring products and ceiling systems for use mainly in the construction and renovation of residential, commercial and institutional buildings.
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| | | Industry Information: | MATERIALS & CONSTRUCTION - General Building Materials [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 53.19 |  -0.39 | - | - | 53.63 | 54.14 | 53.07 | 117858 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 3,146.0 | 59.1 | 1.95 | 2.19 | 8.55 | 27.6 | 0.0 | 58.48 - 38.08 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 53.58 | $ | | PE Ratio - LTM | 27.6 | |
| Market Capitalisation | 3,146.0 | mil |
| Latest Shares Outstanding | 59.1 | mil |
| Earnings pS (EPS) | 2.19 | $ |
| Dividend pS (DPS) | 8.55 | ¢ |
| Dividend Yield | 0.0 | % |
| Dividend Payout Ratio | 390 | % |
| Revenue per Employee | 308,106 | $ |
| Effective Tax Rate | 34.5 | % |
| Float | 19.4 | mil |
| Float as % of Shares Outstanding | 32.8 | % |
| Foreign Sales | 746 | mil |
| Domestic Sales | 1,873 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 16.20 | % |
| Research & Devlopment (R&D) as % of Revenue | 0.00 | % |
| Gross Profit Margin | 28.3 | % |
| EBITDA Margin | 12.1 | % |
| Pre-Tax Profit Margin | 7.7 | % |
| Assets Turnover | 0.9 | % |
| Return on Assets (ROA) | 4.0 | % |
| Return on Equity (ROE) | 15.8 | % |
| Return on Capital Invested (ROCI) | 6.4 | % |
| Current Ratio | 2.9 | |
| Leverage Ratio (Assets/Equity) | 3.9 | |
| Interest Cover | 3.7 | |
| Total Debt/Equity (Gearing Ratio) | 1.46 | |
| LT Debt/Total Capital | 59.0 | % |
| Working Capital pS | 11.33 | $ |
| Cash pS | 4.70 | $ |
| Book-Value pS | 12.42 | $ |
| Tangible Book-Value pS | 3.46 | $ |
| Cash Flow pS | 3.72 | $ |
| Free Cash Flow pS | -7.79 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 4.31 | |
| Price/Tangible Book Ratio | 15.48 | |
| Price/Cash Flow | 14.4 | |
| Price/Free Cash Flow | -6.9 | |
| P/E as % of Industry Group | 76.0 | % |
| P/E as % of Sector Segment | 24.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 03/23/2012 |
| Dividend Ex-Date | 03/29/2012 |
| Dividend Record Date | 04/02/2012 |
| Dividend Pay Date | 04/09/2012 |
| Dividend Amount | 8550 |
| Type of Payment | - |
| Dividend Rate | 0.00 |
| Current Dividend Yield | 0.0 |
| 5-Y Average Dividend Yield | 0.0 |
| Payout Ratio | 390.0 |
| 5-Y Average Payout Ratio | 1,587.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | -0.3 | 100 | 2,209 | 1,539 |
| 4 Weeks | 54.14 | 49.37 | 52.34 | 2.4 | 97 | 3,013 | 48,212 |
| 13 Weeks | 57.10 | 49.37 | 52.11 | 2.8 | 94 | 3,020 | 181,216 |
| 26 Weeks | 58.48 | 47.32 | 50.73 | 5.6 | 89 | 3,122 | 377,741 |
| 52 Weeks | 58.48 | 38.08 | 46.97 | 14.1 | 90 | 3,390 | 830,433 |
| YTD | 58.48 | 49.37 | - | 5.6 | 90 | 3,096 | 297,216 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 53.13 | 52.35 | 52.77 | 52.30 | 50.05 | 1.95 | 1.10 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | -5.10 | 74.7 | -1.53 |
| Income | 0.38 | 0.0 | 54.69 |
| Dividend | 0.00 | 0.0 | 0.00 |
| Capital Spending | 24.76 | NA | 25.35 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 0.85 | NA | 22.94 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -6.8 | -6.8 | -8.4 |
| Earnings % | -83.5 | -83.5 | 16.8 |
| EPS % | -83.9 | -83.9 | 15.3 |
| EPS $ | -0.26 | -0.26 | 0.29 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 22.25 |
| Current Ratio | 2.7 |
| Quick Ratio (Acid Test) | 1.5 |
| Liquidity Ratio (Cash) | 0.87 |
| Receivables Turnover | 11.0 |
| Average Collection Period | 33 |
| Working Capital/Equity | 88.3 |
| Working Capital pS | 10.78 |
| Cash-Flow pS | 4.14 |
| Free Cash-Flow pS | -7.83 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 2.69 |
| Financial Leverage Ratio (Assets/Equity) | 4.0 |
| Debt Ratio | 74.8 |
| Total Debt/Equity (Gearing Ratio) | 1.49 |
| LT Debt/Equity | 1.44 |
| LT Debt/Capital Invested | 99.6 |
| LT Debt/Total Liabilities | 48.6 |
| Interest Cover | 5.1 |
| Interest/Capital Invested | 2.17 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 13.95 |
| Tobin's Q Ratio | 1.11 |
| Current P/E Ratio - LTM | 27.60 |
| Enterprise Value (EV)/EBITDA | 15.16 |
| Enterprise Value (EV)/Free Cash Flow | -11.82 |
| Dividend Yield | 0.0 |
| Price/Tangible Book Ratio - LTM | 15.48 |
| Price/Book Ratio - LTM | 4.31 |
| Price/Cash Flow Ratio | 14.4 |
| Price/Free Cash Flow Ratio - LTM | -6.9 |
| Price/Sales Ratio | 1.20 |
| P/E Ratio (1 month ago) - LTM | 26.3 |
| P/E Ratio (26 weeks ago) - LTM | 23.0 |
| P/E Ratio (52 weeks ago) - LTM | 23.6 |
| 5-Y High P/E Ratio | 287.3 |
| 5-Y Low P/E Ratio | 6.9 |
| 5-Y Average P/E Ratio | 63.3 |
| Current P/E Ratio as % of 5-Y Average P/E | 44 |
| P/E as % of Industry Group | 76.0 |
| P/E as % of Sector Segment | 24.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 25.2 |
| PER SHARE FIGURES |
| LT Debt pS | 17.61 |
| Current Liabilities pS | 6.53 |
| Tangible Book Value pS - LTM | 3.46 |
| Book Value pS - LTM | 12.42 |
| Capital Invested pS | 29.71 |
| Cash pS - LTM | 4.70 |
| Cash Flow pS - LTM | 3.72 |
| Free Cash Flow pS - LTM | -7.79 |
| Earnings pS (EPS) | 2.19 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | -17.61 |
| Free Cash Flow Margin 5YEAR AVG | -7.84 |
| Net Profit Margin | 5.0 |
| Net Profit Margin - 5YEAR AVRG. | 2.9 |
| Equity Productivity | 3.64 |
| Return on Equity (ROE) | 18.3 |
| Return on Equity (ROE) - 5YEAR AVRG. | 6.3 |
| Capital Invested Productivity | 1.49 |
| Return on Capital Invested (ROCI) | 7.5 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 4.1 |
| Assets Productivity | 0.90 |
| Return on Assets (ROA) | 4.6 |
| Return on Assets (ROA) - 5YEAR AVRG. | 2.7 |
| Gross Profit Margin | 28.3 |
| Gross Profit Margin - 5YEAR AVRG. | 27.5 |
| EBITDA Margin - LTM | 12.1 |
| EBIT Margin - LTM | 10.5 |
| Pre-Tax Profit Margin | 8.4 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 5.2 |
| Effective Tax Rate | 34.5 |
| Effective Tax Rate - 5YEAR AVRG. | 42.8 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 103 |
| Revenue per Employee | 308,106 |
| Net Income per Employee | 15,447 |
| Average Collection Period | 30 |
| Receivables Turnover | 11.0 |
| Day's Inventory Turnover Ratio | 73 |
| Inventory Turnover | 4.9 |
| Inventory/Sales | 14.1 |
| Accounts Payble/Sales | 8.27 |
| Assets/Revenue | 1.11 |
| Net Working Capital Turnover | 4.12 |
| Fixed Assets Turnover | 1.43 |
| Total Assets Turnover | 0.9 |
| Revenue per $ Cash | 7.79 |
| Revenue per $ Plant | 2.61 |
| Revenue per $ Common Equity | 3.64 |
| Revenue per $ Capital Invested | 1.49 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 16.0 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 17.8 |
| Research & Devlopment (R&D) as % of Revenue | 0.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 0.0 |
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