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Adam Lawrence, the Mint's chief executive, said that for the second year in a row the group had exceeded the ministerial target of a 10% return on average capital employed with a 17% return, and achieved all its other ministerial targets.
Were the shares to trade on an EV/EBITDA of 8 times (not an unreasonable multiple based on comparable deals, operating margins and return on average capital employed), the share price would be in excess of 230p, a 44% increase on current levels.
The return on average capital was a snappy 31.3%.
Its return on average capital (GAAP basis) decreased from 10.1% in 2010 to 8.2% in 2011.
Similar(56)
Second, the oil companies have just not performed up to the targets they have set on production and returns on average capital employed.
Ashanti's return on capital averages 9%, one of the highest in the industry, according to a recent Goldman , Sachsreport.
"If the capital markets return 8% on average, then venture capital has to return a substantial premium over that.
The company's return on capital averages about 20percentt a year.
Meanwhile, the rate of return on capital averages about 4%to5%5% a year.
Return on Invested Capital: On average by 66percentt.
Its return on equity for the last ten years averaged 25.6%, its return on total capital has averaged 16.1% and its expected return to investors, on average, is 15.2%.
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