Financials Cityland Development Corporation

Equities

CDC

PHY122051295

Real Estate Development & Operations

End-of-day quote Philippines S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.7 PHP 0.00% Intraday chart for Cityland Development Corporation 0.00% +1.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,424 3,741 3,743 3,688 3,300 3,432
Enterprise Value (EV) 1 2,722 2,612 1,894 2,529 2,661 2,871
P/E ratio 6.21 x 5.81 x 7.65 x 6.33 x 3.24 x 3.89 x
Yield 5.51% 3.52% 2.62% 2.93% 4.34% -
Capitalization / Revenue 1.77 x 1.65 x 2.34 x 1.95 x 1.06 x 1.22 x
EV / Revenue 1.41 x 1.15 x 1.18 x 1.34 x 0.85 x 1.02 x
EV / EBITDA 3.65 x 2.99 x 2.85 x 3.12 x 1.89 x 2.66 x
EV / FCF -19.4 x 6.36 x 13.5 x -3.66 x -18 x -4.98 x
FCF Yield -5.14% 15.7% 7.42% -27.3% -5.57% -20.1%
Price to Book 0.48 x 0.49 x 0.47 x 0.43 x 0.35 x 0.34 x
Nbr of stocks (in thousands) 4,973,599 4,973,598 4,973,598 4,973,736 4,973,597 4,973,668
Reference price 2 0.6885 0.7522 0.7526 0.7415 0.6634 0.6900
Announcement Date 4/15/19 6/28/20 4/23/21 4/28/22 4/17/23 4/15/24
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,933 2,263 1,601 1,894 3,121 2,814
EBITDA 1 744.7 872.4 665.1 810.1 1,408 1,079
EBIT 1 678.2 816 609 754.1 1,355 1,025
Operating Margin 35.08% 36.06% 38.03% 39.82% 43.41% 36.43%
Earnings before Tax (EBT) 1 754.1 943 711.6 836 1,616 1,245
Net income 1 551.5 644.7 489.6 585.1 1,030 882.6
Net margin 28.53% 28.49% 30.58% 30.89% 33.02% 31.36%
EPS 2 0.1108 0.1296 0.0984 0.1171 0.2049 0.1773
Free Cash Flow 1 -139.9 410.4 140.6 -690.4 -148.2 -576.6
FCF margin -7.24% 18.14% 8.78% -36.45% -4.75% -20.49%
FCF Conversion (EBITDA) - 47.05% 21.14% - - -
FCF Conversion (Net income) - 63.66% 28.72% - - -
Dividend per Share 2 0.0379 0.0265 0.0197 0.0217 0.0288 -
Announcement Date 4/15/19 6/28/20 4/23/21 4/28/22 4/17/23 4/15/24
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 702 1,129 1,849 1,159 639 561
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -140 410 141 -690 -148 -577
ROE (net income / shareholders' equity) 7.86% 8.63% 6.06% 7.13% 12% 8.6%
ROA (Net income/ Total Assets) 4.18% 4.71% 3.37% 3.99% 6.62% 4.68%
Assets 1 13,180 13,697 14,546 14,648 15,561 18,849
Book Value Per Share 2 1.450 1.540 1.610 1.710 1.900 2.040
Cash Flow per Share 2 0.0900 0.3900 0.4100 0.1500 0.2200 0.1400
Capex - - 6.79 0.52 - 9.99
Capex / Sales - - 0.42% 0.03% - 0.36%
Announcement Date 4/15/19 6/28/20 4/23/21 4/28/22 4/17/23 4/15/24
1PHP in Million2PHP
Estimates
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