ABOITIZ POWER CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.95 PHP | -0.99% |
|
-1.55% | -7.54% |
| Apr. 26 | Aboitiz Power Corporation Announces Management Changes | CI |
| Apr. 26 | Aboitiz Power Corporation Announces CEO Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 251,664 | 195,371 | 218,551 | 250,560 | 272,381 | 251,845 | - | - |
| Enterprise Value (EV) 1 | 447,327 | 384,999 | 395,858 | 434,193 | 272,381 | 466,312 | 431,898 | 419,279 |
| P/E ratio | 14.6 x | 15.5 x | 10.5 x | 9.1 x | 8.36 x | 9.8 x | 7.68 x | 6.07 x |
| Yield | 4.3% | 4.44% | 2.86% | 5.49% | - | 5.1% | 6.27% | 7.33% |
| Capitalization / Revenue | 2 x | 1.77 x | 1.99 x | 1.29 x | 1.32 x | 1.37 x | 1.21 x | 1.02 x |
| EV / Revenue | 3.56 x | 3.49 x | 3.6 x | 2.24 x | 1.32 x | 2.54 x | 2.08 x | 1.7 x |
| EV / EBITDA | 10.4 x | 8.86 x | 7.85 x | 7.78 x | 4.01 x | 9.71 x | 8.29 x | 7.56 x |
| EV / FCF | 220 x | 14.6 x | 14.1 x | 20.5 x | - | 16.5 x | 13.2 x | 11.4 x |
| FCF Yield | 0.45% | 6.84% | 7.08% | 4.88% | - | 6.06% | 7.58% | 8.76% |
| Price to Book | 2 x | 1.54 x | 1.48 x | 1.46 x | - | 1.26 x | 1.22 x | 1.18 x |
| Nbr of stocks (in thousands) | 7,358,604 | 7,358,604 | 7,358,604 | 7,358,604 | 7,205,854 | 7,205,854 | - | - |
| Reference price 2 | 34.20 | 26.55 | 29.70 | 34.05 | 37.80 | 34.95 | 34.95 | 34.95 |
| Announcement Date | 3/12/20 | 3/9/21 | 3/9/22 | 3/19/23 | 3/12/24 | - | - | - |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 125,635 | 110,377 | 110,043 | 193,994 | 207,100 | 183,264 | 207,303 | 245,924 |
| EBITDA 1 | 43,032 | 43,452 | 50,401 | 55,813 | 67,914 | 48,046 | 52,115 | 55,456 |
| EBIT 1 | 30,082 | 32,426 | 39,115 | 43,960 | 31,785 | 35,061 | 36,542 | 39,973 |
| Operating Margin | 23.94% | 29.38% | 35.55% | 22.66% | 15.35% | 19.13% | 17.63% | 16.25% |
| Earnings before Tax (EBT) 1 | 23,397 | 20,883 | 24,656 | 32,712 | 43,742 | 36,640 | 42,384 | 55,037 |
| Net income 1 | 17,323 | 12,578 | 20,837 | 27,535 | 33,102 | 26,251 | 33,477 | 42,383 |
| Net margin | 13.79% | 11.4% | 18.94% | 14.19% | 15.98% | 14.32% | 16.15% | 17.23% |
| EPS 2 | 2.350 | 1.710 | 2.830 | 3.740 | 4.520 | 3.567 | 4.550 | 5.757 |
| Free Cash Flow 1 | 2,029 | 26,353 | 28,045 | 21,199 | - | 28,244 | 32,737 | 36,713 |
| FCF margin | 1.62% | 23.88% | 25.49% | 10.93% | - | 15.41% | 15.79% | 14.93% |
| FCF Conversion (EBITDA) | 4.72% | 60.65% | 55.64% | 37.98% | - | 58.79% | 62.82% | 66.2% |
| FCF Conversion (Net income) | 11.72% | 209.52% | 134.59% | 76.99% | - | 107.59% | 97.79% | 86.62% |
| Dividend per Share 2 | 1.470 | 1.180 | 0.8500 | 1.870 | - | 1.784 | 2.191 | 2.561 |
| Announcement Date | 3/12/20 | 3/9/21 | 3/9/22 | 3/19/23 | 3/12/24 | - | - | - |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,441 | - | 58,101 | 48,741 | 57,523 | 48,375 | 49,481 | 45,816 | 45,816 | 42,679 | 50,101 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 9,237 | - | 11,469 | 12,760 | 9,880 | 7,945 | 9,686 | 8,968 | 8,968 | 8,373 | 9,829 |
| Operating Margin | 56.18% | - | 19.74% | 26.18% | 17.18% | 16.42% | 19.57% | 19.57% | 19.57% | 19.62% | 19.62% |
| Earnings before Tax (EBT) 1 | 6,024 | - | 9,210 | 9,779 | 13,149 | 11,241 | 9,893 | 9,160 | 9,160 | 9,641 | 11,317 |
| Net income 1 | 5,150 | - | 8,024 | 7,527 | 10,288 | 8,922 | 7,088 | 6,563 | 6,563 | 6,768 | 7,945 |
| Net margin | 31.32% | - | 13.81% | 15.44% | 17.89% | 18.44% | 14.32% | 14.32% | 14.32% | 15.86% | 15.86% |
| EPS 2 | 0.7000 | - | 1.090 | 1.020 | 1.400 | 1.240 | 0.9632 | 0.8918 | 0.8918 | 0.9198 | 1.080 |
| Dividend per Share 2 | 0.8500 | - | 1.870 | - | - | - | - | - | 1.784 | - | - |
| Announcement Date | 3/9/22 | 4/27/22 | 3/19/23 | 5/16/23 | 8/14/23 | 11/15/23 | - | - | - | - | - |
1PHP in Million2PHP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 195,663 | 189,628 | 177,307 | 183,633 | - | 214,467 | 180,054 | 167,434 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.547 x | 4.364 x | 3.518 x | 3.29 x | - | 4.464 x | 3.455 x | 3.019 x |
| Free Cash Flow 1 | 2,029 | 26,353 | 28,045 | 21,199 | - | 28,244 | 32,737 | 36,713 |
| ROE (net income / shareholders' equity) | 14% | 9.38% | 15.1% | 16.6% | - | 13.8% | 15.7% | 18% |
| ROA (Net income/ Total Assets) | 4.33% | 3.11% | 5.05% | 5.85% | - | 8.12% | 7.73% | 8.88% |
| Assets 1 | 400,069 | 404,197 | 412,663 | 470,324 | - | 323,185 | 433,191 | 477,229 |
| Book Value Per Share 2 | 17.10 | 17.30 | 20.10 | 23.30 | - | 27.60 | 28.70 | 29.50 |
| Cash Flow per Share 2 | 5.350 | 4.320 | 4.940 | 4.650 | - | 5.890 | 6.050 | 6.950 |
| Capex 1 | 37,328 | 5,429 | 8,282 | 13,014 | - | 15,000 | 18,192 | 20,537 |
| Capex / Sales | 29.71% | 4.92% | 7.53% | 6.71% | - | 8.18% | 8.78% | 8.35% |
| Announcement Date | 3/12/20 | 3/9/21 | 3/9/22 | 3/19/23 | 3/12/24 | - | - | - |
1PHP in Million2PHP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
34.95
PHP
Average target price
43.38
PHP
Spread / Average Target
+24.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.54% | 4.33B | |
| +22.46% | 16.58B | |
| -7.30% | 13.32B | |
| +49.01% | 12.62B | |
| +37.74% | 11.77B | |
| +20.94% | 5.36B | |
| +24.35% | 4.27B | |
| +17.38% | 3.75B | |
| -0.52% | 3.74B | |
| +24.27% | 3.26B |
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