MABUHAY VINYL CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.39 PHP | -.--% |
|
+5.89% | -8.02% |
| Apr. 26 | Mabuhay Vinyl Corporation Approves Cash Dividend, Payable on June 17, 2024 | CI |
| Apr. 16 | Mabuhay Vinyl Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,182 | 2,315 | 2,996 | 2,830 | 3,624 | 3,875 |
| Enterprise Value (EV) 1 | 1,353 | 1,169 | 1,984 | 2,253 | 3,084 | 3,230 |
| P/E ratio | 5.51 x | 6.37 x | 9 x | 10.3 x | 9.08 x | 9.49 x |
| Yield | 2.12% | 2.86% | 2.21% | 2.34% | 1.82% | - |
| Capitalization / Revenue | 0.76 x | 1 x | 1.45 x | 1.29 x | 1.13 x | 1.26 x |
| EV / Revenue | 0.47 x | 0.5 x | 0.96 x | 1.03 x | 0.96 x | 1.05 x |
| EV / EBITDA | 2.05 x | 2.13 x | 3.65 x | 5.03 x | 5.07 x | 5.63 x |
| EV / FCF | 3.04 x | 3.48 x | -17.2 x | -6.64 x | -75.6 x | 22.1 x |
| FCF Yield | 32.8% | 28.7% | -5.8% | -15% | -1.32% | 4.53% |
| Price to Book | 1 x | 0.93 x | 1.09 x | 0.94 x | 1.07 x | 1.04 x |
| Nbr of stocks (in thousands) | 661,309 | 661,309 | 661,309 | 661,309 | 661,309 | 661,309 |
| Reference price 2 | 3.300 | 3.500 | 4.530 | 4.280 | 5.480 | 5.860 |
| Announcement Date | 3/22/19 | 3/18/20 | 4/5/21 | 3/31/22 | 3/27/23 | 4/16/24 |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,853 | 2,323 | 2,070 | 2,187 | 3,201 | 3,074 |
| EBITDA 1 | 659.2 | 548.6 | 543.9 | 448 | 608.4 | 574 |
| EBIT 1 | 553.9 | 475.9 | 457 | 361.2 | 525 | 484.2 |
| Operating Margin | 19.41% | 20.49% | 22.08% | 16.51% | 16.4% | 15.75% |
| Earnings before Tax (EBT) 1 | 570.5 | 523.8 | 479.6 | 370.3 | 533.9 | 544.7 |
| Net income 1 | 395.7 | 363.4 | 333 | 275.9 | 399.1 | 408.4 |
| Net margin | 13.87% | 15.64% | 16.09% | 12.61% | 12.47% | 13.29% |
| EPS 2 | 0.5984 | 0.5496 | 0.5036 | 0.4172 | 0.6035 | 0.6176 |
| Free Cash Flow 1 | 444.4 | 335.8 | -115 | -339.1 | -40.81 | 146.4 |
| FCF margin | 15.57% | 14.46% | -5.56% | -15.5% | -1.28% | 4.76% |
| FCF Conversion (EBITDA) | 67.41% | 61.21% | - | - | - | 25.51% |
| FCF Conversion (Net income) | 112.29% | 92.4% | - | - | - | 35.86% |
| Dividend per Share 2 | 0.0700 | 0.1000 | 0.1000 | 0.1000 | 0.1000 | - |
| Announcement Date | 3/22/19 | 3/18/20 | 4/5/21 | 3/31/22 | 3/27/23 | 4/16/24 |
1PHP in Million2PHP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 829 | 1,146 | 1,012 | 577 | 540 | 645 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 444 | 336 | -115 | -339 | -40.8 | 146 |
| ROE (net income / shareholders' equity) | 20.6% | 15.5% | 12.7% | 9.53% | 12.4% | 11.5% |
| ROA (Net income/ Total Assets) | 15.3% | 10.9% | 9.45% | 6.82% | 8.86% | 7.3% |
| Assets 1 | 2,590 | 3,342 | 3,523 | 4,047 | 4,505 | 5,594 |
| Book Value Per Share 2 | 3.310 | 3.780 | 4.170 | 4.580 | 5.110 | 5.630 |
| Cash Flow per Share 2 | 0.3500 | 1.140 | 1.570 | 0.9700 | 0.9000 | 1.030 |
| Capex 1 | 68.1 | 108 | 72.7 | 146 | 395 | 412 |
| Capex / Sales | 2.39% | 4.67% | 3.51% | 6.67% | 12.35% | 13.4% |
| Announcement Date | 3/22/19 | 3/18/20 | 4/5/21 | 3/31/22 | 3/27/23 | 4/16/24 |
1PHP in Million2PHP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.02% | 61.79M | |
| +1.20% | 67.6B | |
| +44.29% | 40.33B | |
| +15.99% | 38.65B | |
| +4.67% | 32.55B | |
| +6.59% | 18.94B | |
| +12.32% | 16.76B | |
| +17.69% | 15.07B | |
| +8.31% | 14.83B | |
| -14.74% | 13.79B |
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