Increasing estimates on strong growth trends

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Increasing estimates on strong growth trends

Macquarie Equity Research Dixon Technologies

Alpha Model Decomposition Key Quant Findings

The quant model currently holds a strong negative view The Macquarie Alpha is decomposed into its sector and

on Dixon Technologies. The strongest style exposure is market relative factor & styles exposures (a higher/better

Profitability, indicating this stock is efficiently converting percentile is coded in green, whilst lower in red).

investments to earnings; proxied by ratios like ROE or ROA.

The weakest style exposure is Valuations, indicating this relativePercentileto

stock is over-priced in the market relative to its peers.

sectors market

Factors / Styles (/677) (/1102) Core factors in definition

ALPHA 9% 9% Built from the styles below

Macquarie Alpha Model: Key rankings VALUE 3% 4% Book, CF, Yield, Earnings Multiples

The Macquarie Quant’s flagship Alpha model is a dynamic ANALYST 53% 36% Revisions (Earnings, Recommendations)

multi-factor model based on a staple of quant factors such MOMENTUM 26% 26% Price Momentum

as value, momentum, revisions, quality, and risk.

GROWTH 92% 84% EPS, Sales (Forecast, Historic)

Global Market (Country) Sector

Consumer PROFITABILITY 96% 91% ROE, Margin, Asset Turnover

Whole Universe India Durables QUALITY 63% 65% Accruals, Earn Stability, Cash Conversion

& Apparel

CAPITAL 2% 5% Investment/Capex, Net share issuance

Macquarie Alpha 16185/17995 1007/1102 615/677

Model LIQUIDITY 88% 81% Size, Turnover, Analyst Coverage

Fundamental 7566/17995 534/1102 278/677 LOW RISK 46% 77% Beta, Volatility, Earn.Cert, Leverage (Consensus) *

TECHNICAL 8% 9% MACD, RSI, Bollinger, Williams R, etc

* based on Total Shareholder Return = Consensus Price target / Current Price

Factors driving the Alpha Model vs peers