10 Year Financial Data of Pitney Bowes Inc (PBI)

14.79 (1y: +7%)

Market Cap	2.96 B	P/E(ttm)	8.40
Enterprise Value	6.05 B	P/B	26.89

PBI- NYSE (USA)
Pitney Bowes Inc

Currently 1/5

Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
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$14.79

2 Severe Warning Signs 4 Medium Warning Signs

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Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	2.6	-4.3	-7.6
EBITDA Growth (%)	-4.3	-10.8	13.2
Free Cash Flow Growth (%)	0	-6.1	-3.3
Book Value Growth (%)	0	0	-20

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

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See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue per Share ($)	19.39	21.15	23.68	25.59	27.75	29.84	26.86	26.24	26.03	24.35	23.86	6.26	6.19	6.03	5.87	5.77
EBITDA per Share	4.98	5.10	6.21	6.64	5.82	6.24	4.98	4.05	3.39	4.27	3.95	1.11	1.11	0.83	1.22	0.79
Free Cashflow per Share	2.40	2.68	1.07	-2.74	3.60	3.59	3.17	4.03	3.77	2.40	2.63	0.23	1.17	0.15	0.85	0.46
Earnings per Share ($)	2.11	2.05	2.27	0.47	1.66	2.00	2.04	1.41	3.05	2.21	1.76	0.79	0.50	0.38	0.55	0.33
Dividends Per Share	1.20	1.22	1.24	1.28	1.32	1.40	1.44	1.46	1.48	1.50	1.50	0.38	0.38	0.38	0.38	0.38
Book Value per Share	4.61	5.50	5.61	3.12	2.91	-0.90	0.07	-0.47	-0.19	0.55	0.36	0.45	0.40	0.62	0.55	0.36
Month End Stock Price	40.62	46.28	42.25	46.19	38.04	25.48	22.76	24.18	18.54	10.64	14.86	17.58	14.97	13.82	10.64	14.86
Ratios	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Return on Equity %	45.80	37.20	40.40	15.10	57.00	--	3,099	--	--	402	369	697	490	246	399	369
Return on Assets %	5.60	4.90	5.00	1.20	3.80	4.80	5.00	3.50	7.60	5.70	3.60	8.00	5.60	4.40	5.60	3.60
Return on Capital - Joel Greenblatt %	64.60	64.30	54.50	76.10	67.30	82.00	64.30	74.30	81.00	156	87.20	117	146	80.80	188	87.20
Debt to Equity	3.28	3.08	3.62	6.21	7.39	-25.05	325	-44.45	-109	36.31	55.10	46.80	45.30	29.53	36.31	55.10

Gross Margin %	51.80	54.80	54.90	53.90	53.20	52.40	50.80	50.60	50.40	52.00	48.50	50.00	51.10	50.90	54.60	48.50
Operating Margin %	19.40	17.90	20.20	19.60	14.70	14.80	12.40	9.90	7.80	12.30	8.70	12.60	12.60	8.90	15.30	8.70
Net Margin %	10.90	9.70	9.60	1.80	6.00	6.70	7.60	5.40	11.70	9.10	5.80	12.60	8.00	6.30	9.30	5.80

Days Sales Outstanding	145	145	133	137	139	133	143	142	137	143	139	139	135	139	147	139
Days Inventory	34.70	33.70	32.50	32.90	25.20	19.80	20.90	23.00	24.90	27.90	25.40	26.00	28.00	28.50	30.30	25.40
Inventory Turnover	10.50	10.80	11.20	11.10	14.50	18.50	17.50	15.90	14.60	13.10	3.60	3.50	3.20	3.20	3.00	3.60

Debt to Revenue	0.78	0.80	0.86	0.76	0.78	0.75	0.80	0.79	0.80	0.82	3.46	3.39	2.96	3.03	3.39	3.46
COGS to Revenue	0.48	0.45	0.45	0.46	0.47	0.48	0.49	0.49	0.50	0.48	0.51	0.50	0.49	0.49	0.45	0.51
Inventory to Revenue	0.05	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.04	0.14	0.14	0.15	0.15	0.15	0.14
Interest Exp. to Revenue %	-3.60	-3.40	-3.79	-3.71	-3.95	-3.46	-1.91	-2.08	-2.08	-3.84	-2.48	-2.20	-3.93	-3.71	-3.84	-2.48

Asset Turnover	0.52	0.51	0.52	0.68	0.64	0.72	0.65	0.64	0.65	0.62	0.15	0.16	0.17	0.17	0.15	0.15
Buyback Ratio	-10.50	-15.30	-15.80	-167	-29.30	-4.80	-2.70	-3.70	-2.00	--	-2.60	-1.30	-2.10	-3.30	--	-2.60
Dividend Payout Ratio	0.57	0.60	0.55	2.72	0.80	0.70	0.71	1.03	0.49	0.68	1.12	0.47	0.76	0.99	0.69	1.12
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue	4,577	4,957	5,492	5,730	6,130	6,262	5,569	5,425	5,278	4,904	4,815	1,256	1,246	1,216	1,187	1,167
Cost of Goods Sold	2,207	2,241	2,479	2,640	2,871	2,978	2,738	2,678	2,615	2,352	2,346	627	610	597	539	601
Gross Profit	2,370	2,716	3,013	3,090	3,259	3,284	2,831	2,747	2,663	2,552	2,469	628	636	619	648	566

Selling, General, &Admin. Expense	1,220	1,511	1,685	1,764	1,907	1,948	1,801	1,761	1,732	1,598	1,564	411	392	401	395	377
Research &Development	147	160	165	165	186	206	182	156	149	137	136	34.07	33.78	36.67	32.39	33.34
Earnings Before DDA	1,175	1,195	1,441	1,487	1,285	1,309	1,032	838	686	860	796	223	224	168	246	159

Depreciation, Depletion and Amortization	289	307	332	363	383	379	339	304	272	256	248	64.37	67.24	59.90	64.05	57.23

Operating Income	886	888	1,109	1,124	902	930	693	535	414	605	548	159	156	108	182	102
Interest Income/Expense	-165	-169	-208	-213	-242	-216	-106	-113	-110	-188	-169	-27.63	-48.99	-45.09	-45.53	-28.99
Net Income	498	481	527	105	367	420	423	292	617	445	354	159	99.62	76.53	110	67.51

Preferred dividends	0.11	0.10	0.09	0.09	0.08	0.08	21.47	--	--	--	--	--	--	--	--	--
Earnings per Share ($)	2.11	2.05	2.27	0.47	1.66	2.00	2.04	1.41	3.05	2.21	1.76	0.79	0.50	0.38	0.55	0.33
Total Shares Outstanding	236	234	232	224	221	210	207	207	203	201	202	201	201	202	202	202
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Cash and cash equivalents	294	320	300	302	440	398	427	515	869	950	947	951	538	461	950	947
Accounts Receivable	1,818	1,968	2,001	2,148	2,340	2,275	2,188	2,114	1,975	1,917	1,785	1,919	1,850	1,859	1,917	1,785
Inventory	210	207	221	238	198	161	157	169	179	180	167	179	188	187	180	167
Other Current Assets	192	198	221	231	342	198	200	211	237	166	162	244	145	167	166	162
Total Current Assets	2,513	2,693	2,742	2,919	3,320	3,033	2,971	3,008	3,260	3,212	3,062	3,294	2,721	2,674	3,212	3,062

Property, Plant and Equipment	1,070	1,123	1,647	1,117	1,064	972	875	727	663	627	613	665	643	632	627	613
Intangible Assets	1,163	1,735	1,959	2,156	2,757	2,628	2,603	2,604	2,360	2,302	2,269	2,365	2,322	2,303	2,302	2,269
Other Long Term Assets	4,145	4,269	4,273	2,289	2,409	2,104	2,084	2,105	1,865	1,719	1,672	1,738	1,658	1,665	1,719	1,672
Total Assets	8,891	9,821	10,621	8,480	9,550	8,736	8,534	8,444	8,147	7,860	7,616	8,062	7,345	7,274	7,860	7,616

Accounts Payable	1,393	1,475	1,539	1,218	1,443	738	1,893	2,018	2,083	958	1,794	1,970	1,931	1,864	958	1,794
Current Portion of Long-Term Debt	729	1,179	858	491	954	771	226	53.49	550	375	375	578	375	375	375	375
Other Current Liabilities	526	640	514	1,038	1,159	1,734	448	482	458	1,544	467	494	467	449	1,544	467
Total Current Liabilities	2,647	3,294	2,911	2,747	3,556	3,243	2,566	2,554	3,092	2,877	2,636	3,042	2,773	2,688	2,877	2,636

Long-Term Debt	2,841	2,799	3,850	3,848	3,802	3,935	4,214	4,239	3,684	3,642	3,658	3,683	3,306	3,306	3,642	3,658
Other Long-Term Liabilities	2,316	2,437	2,559	1,187	1,548	1,746	1,740	1,748	1,410	1,230	1,250	1,246	1,184	1,156	1,230	1,250
Total Liabilities	7,804	8,530	9,319	7,781	8,907	8,924	8,520	8,541	8,186	7,749	7,543	7,971	7,264	7,150	7,749	7,543

Common Stock	323	323	323	323	323	323	323	323	323	323	323	323	323	323	323	323
Preferred Stock	1.33	1.27	1.18	1.08	1.01	0.98	0.87	0.76	0.66	0.65	0.65	0.66	0.66	0.66	0.65	0.65
Retained Earnings	4,058	4,243	4,485	4,140	4,134	4,279	4,306	4,282	4,600	4,745	4,737	4,684	4,708	4,710	4,745	4,737
Additional Paid-In Capital	--	--	--	236	252	259	256	251	241	224	203	226	227	223	224	203
Treasury Stock	-3,313	-3,413	-3,585	-3,869	-4,156	-4,454	-4,415	-4,480	-4,542	-4,501	-4,479	-4,526	-4,521	-4,506	-4,501	-4,479
Total Equity	1,087	1,290	1,302	699	643	-188	13.66	-96.58	-38.99	111	73.19	91.04	81.27	125	111	73.19
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Net Income	498	481	527	105	367	420	445	311	636	--	257	163	104	81.13	--	72.10
Depreciation, Depletion and Amortization	289	307	332	363	383	379	339	304	272	256	248	64.37	67.24	59.90	64.05	57.23
Cash Flow from Others	64.34	157	-319	-755	311	192	40.26	338	12.20	405	190	-132	103	-71.56	157	2.83
Cash Flow from Operations	851	945	540	-287	1,060	990	824	952	920	660	696	96.00	274	69.47	221	132

Investment for Property, Plant & Equipement	-286	-317	-292	-328	-265	-237	-167	-120	-156	-177	-165	-50.03	-38.72	-39.07	-48.77	-38.84
Cash Flow from Acquisitions	-22.46	-427	-294	-231	-594	-67.69	--	-77.54	--	--	--	--	--	--	--	--
Cash Flow from Investing	-34.00	-772	-472	719	-726	-234	-172	-301	-88.62	-86.73	-147	-3.97	-11.37	-80.73	9.34	-64.53

Net Issuance of Stock	-148	-127	-176	-224	-292	-313	11.96	-88.58	-87.06	9.31	9.13	2.06	2.22	2.72	2.33	1.88
Net Issuance of Preferred Stock	--	--	--	--	--	--	-78.63	--	--	--	--	--	--	--	--	--
Net Issuance of Debt	-422	215	323	69.74	377	-125	-242	-171	-50.00	-210	-231	27.83	-578	--	340	6.98
Cash Flow for Dividends	-281	-282	-284	-285	-289	-292	-317	-321	-318	-319	-319	-74.94	-84.28	-75.26	-84.48	-75.35
Other Financing	--	--	--	-0.00	--	-11.78	0.00	--	--	--	0.00	0.00	0.00	--	--	-0.00
Cash Flow from Financing	-851	-194	-137	-440	-204	-742	-626	-580	-455	-520	-541	-45.05	-660	-72.54	258	-66.50

Net Change in Cash	-21.34	-14.22	-72.71	-4.41	138	-0.51	36.07	71.63	372	57.04	-5.89	59.32	-416	-74.98	488	-3.61

Free Cash Flow	566	628	248	-614	796	753	657	832	764	484	531	45.97	235	30.40	172	93.32
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

PE Ratio(ttm)
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Altman Z-Score
Piotroski F-Score
Beneish M-Score

Switch to Another Stock:

PBI Quarterly/Annuals Reports

PBI: 10-Q - PITNEY BOWES INC /DE/ (0000078814) (Filer): (10-Q) - 2012-11-02
PBI: 10-Q - PITNEY BOWES INC /DE/ (0000078814) (Filer): (10-Q) - 2012-08-03
PBI: 10-Q - PITNEY BOWES INC /DE/ (0000078814) (Filer): (10-Q) - 2012-05-08
PBI: 10-K - PITNEY BOWES INC /DE/ (0000078814) (Filer): (10-K) - 2012-02-23
PBI: 10-Q - PITNEY BOWES INC /DE/ (0000078814) (Filer): (10-Q) - 2011-11-04

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