Financials ABS-CBN Holdings Corporation

Equities

ABSP

PHY000271056

Investment Management & Fund Operators

End-of-day quote Philippines S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
4.68 PHP +3.08% Intraday chart for ABS-CBN Holdings Corporation +28.22% +1.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,996 4,757 3,585 3,282 2,000 1,166
Enterprise Value (EV) 1 5,977 4,738 3,567 3,272 1,994 1,152
P/E ratio - - - - - -
Yield 2.93% - - - - -
Capitalization / Revenue 11,926 x 2,462 x 1,108 x 8,006 x 2,433 x 89.2 x
EV / Revenue 11,888 x 2,452 x 1,102 x 7,984 x 2,425 x 88.1 x
EV / EBITDA - - - - - -
EV / FCF 417 x 9,395 x -127,250 x -359 x -799 x 142 x
FCF Yield 0.24% 0.01% -0% -0.28% -0.13% 0.7%
Price to Book - - - - - -
Nbr of stocks (in thousands) 320,624 308,894 284,562 275,297 265,667 253,553
Reference price 2 18.70 15.40 12.60 11.92 7.530 4.600
Announcement Date 4/15/19 8/20/20 6/9/21 5/18/22 4/18/23 5/2/24
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 0.5027 1.932 3.237 0.4099 0.8224 13.08
EBITDA - - - - - -
EBIT 1 1.278 0.755 0.5303 0.3866 0.3282 -0.03
Operating Margin 254.22% 39.07% 16.38% 94.33% 39.91% -0.23%
Earnings before Tax (EBT) 1 - - - - - -0.03
Net income 1 - - - - - -0.03
Net margin - - - - - -0.23%
EPS - - - - - -
Free Cash Flow 1 14.33 0.5043 -0.028 -9.113 -2.496 8.099
FCF margin 2,851.02% 26.1% -0.87% -2,223.27% -303.54% 61.94%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.5486 - - - - -
Announcement Date 4/15/19 8/20/20 6/9/21 5/18/22 4/18/23 5/2/24
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 18.9 18.9 18.5 9.18 6.48 14.6
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 14.3 0.5 -0.03 -9.11 -2.5 8.1
ROE (net income / shareholders' equity) - - - - - -
ROA (Net income/ Total Assets) 4.75% 2.5% 1.73% 1.61% 2.29% -0.16%
Assets 1 - - - - - 18.35
Book Value Per Share 2 - - - - - -
Cash Flow per Share 2 0.0600 0.0600 0.0700 0.0300 0.0200 -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/15/19 8/20/20 6/9/21 5/18/22 4/18/23 5/2/24
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
4.68 PHP
Average target price
9 PHP
Spread / Average Target
+92.31%
Consensus
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