Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 4,8x - 5,3x | 5,1x |
| Selected Fwd EBIT Multiple | 10,2x - 11,2x | 10,7x |
| Fair Value | ₱10,56 - ₱10,88 | ₱10,72 |
| Upside | 29,6% - 33,5% | 31,5% |
| Benchmarks | Ticker | Full Ticker |
| Aboitiz Power Corporation | AP | PSE:AP |
| Raslag Corp. | ASLAG | PSE:ASLAG |
| Vivant Corporation | VVT | PSE:VVT |
| Lopez Holdings Corporation | LPZ | PSE:LPZ |
| Alternergy Holdings Corporation | ALTER | PSE:ALTER |
| SPC Power Corporation | SPC | PSE:SPC |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| AP | ASLAG | VVT | LPZ | ALTER | SPC | ||
| PSE:AP | PSE:ASLAG | PSE:VVT | PSE:LPZ | PSE:ALTER | PSE:SPC | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 6.8% | -1.0% | 1.7% | 2.4% | NM- | -1.4% | |
| 3Y CAGR | 12.4% | 1.8% | 10.5% | 11.9% | 23.2% | 7.3% | |
| Latest Twelve Months | 7.1% | -8.0% | 58.9% | 7.1% | -40.8% | 333.7% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 19.1% | 46.4% | 37.5% | 20.6% | 13.8% | 14.3% | |
| Prior Fiscal Year | 15.1% | 46.5% | 33.0% | 20.4% | 10.8% | 16.9% | |
| Latest Fiscal Year | 20.4% | 34.6% | 26.9% | 20.5% | 33.6% | 12.7% | |
| Latest Twelve Months | 18.9% | 33.5% | 29.2% | 20.8% | -19.6% | 40.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.24x | 7.07x | 0.99x | 1.63x | -15.74x | 0.33x | |
| EV / LTM EBITDA | 9.0x | 10.8x | 2.8x | 5.3x | 38.1x | 0.8x | |
| EV / LTM EBIT | 11.9x | 21.1x | 3.4x | 7.8x | 80.1x | 0.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 3.4x | 11.9x | 80.1x | ||||
| Historical EV / LTM EBIT | -135.6x | 13.5x | 98.5x | ||||
| Selected EV / LTM EBIT | 4.8x | 5.1x | 5.3x | ||||
| (x) LTM EBIT | 992 | 992 | 992 | ||||
| (=) Implied Enterprise Value | 4,783 | 5,035 | 5,286 | ||||
| (-) Non-shareholder Claims * | 11,307 | 11,307 | 11,307 | ||||
| (=) Equity Value | 16,090 | 16,342 | 16,594 | ||||
| (/) Shares Outstanding | 1,496.6 | 1,496.6 | 1,496.6 | ||||
| Implied Value Range | 10.75 | 10.92 | 11.09 | ||||
| FX Rate: PHP/PHP | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 10.75 | 10.92 | 11.09 | 8.15 | |||
| Upside / (Downside) | 31.9% | 34.0% | 36.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | AP | ASLAG | VVT | LPZ | ALTER | SPC | |
| Enterprise Value | 418,591 | 3,530 | 14,386 | 271,971 | 9,478 | 889 | |
| (+) Cash & Short Term Investments | 46,878 | 145 | 5,007 | 55,519 | 3,219 | 5,378 | |
| (+) Investments & Other | 151,826 | 0 | 10,705 | 32,016 | 131 | 5,950 | |
| (-) Debt | (291,087) | (2,340) | (7,093) | (168,105) | (8,597) | (6) | |
| (-) Other Liabilities | (9,151) | 0 | (1,563) | (176,172) | (643) | (15) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | (47) | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 317,058 | 1,335 | 21,441 | 15,229 | 3,540 | 12,197 | |
| (/) Shares Outstanding | 7,205.9 | 1,500.0 | 1,023.5 | 3,807.2 | 3,933.8 | 1,496.6 | |
| Implied Stock Price | 44.00 | 0.89 | 20.95 | 4.00 | 0.90 | 8.15 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 44.00 | 0.89 | 20.95 | 4.00 | 0.90 | 8.15 | |
| Trading Currency | PHP | PHP | PHP | PHP | PHP | PHP | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |