AREIT, INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.5 PHP | 0.00% |
|
+2.37% | +3.29% |
| May. 15 | AREIT, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| May. 15 | AREIT, Inc. Approves Cash Dividends for the First Quarter of 2024, Payable on June 13, 2024 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,103 | 73,333 | 53,415 | 79,111 | 81,717 | - | - |
| Enterprise Value (EV) 1 | 30,916 | 78,301 | 54,938 | 79,111 | 82,424 | 82,480 | 80,744 |
| P/E ratio | 23.9 x | 29.6 x | 18.5 x | 12.8 x | 13.6 x | 12.9 x | 12.1 x |
| Yield | 4.5% | 3.64% | 5.59% | - | 6.65% | 7.07% | 7.46% |
| Capitalization / Revenue | 16.7 x | 22.1 x | 10.5 x | 11.1 x | 8.72 x | 7.23 x | 6.12 x |
| EV / Revenue | 17.2 x | 23.6 x | 10.8 x | 11.1 x | 8.8 x | 7.3 x | 6.04 x |
| EV / EBITDA | 20 x | 32.7 x | 15.1 x | 15.7 x | 12.3 x | 9.44 x | 8.97 x |
| EV / FCF | - | 36.8 x | 14.3 x | - | 12.6 x | 11.2 x | 10.6 x |
| FCF Yield | - | 2.72% | 7.01% | - | 7.95% | 8.97% | 9.43% |
| Price to Book | 2.44 x | 1.5 x | 1.04 x | - | 0.81 x | 0.9 x | 0.9 x |
| Nbr of stocks (in thousands) | 1,025,656 | 1,508,911 | 1,508,911 | 2,368,607 | 2,368,607 | - | - |
| Reference price 2 | 29.35 | 48.60 | 35.40 | 33.40 | 34.50 | 34.50 | 34.50 |
| Announcement Date | 4/5/21 | 3/5/22 | 3/28/23 | 3/21/24 | - | - | - |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,516 | 1,801 | 3,316 | 5,073 | 7,140 | 9,369 | 11,300 | 13,359 |
| EBITDA 1 | - | 1,542 | 2,397 | 3,634 | 5,036 | 6,701 | 8,737 | 8,999 |
| EBIT 1 | - | 1,317 | 2,397 | 3,634 | 5,035 | 6,639 | 8,034 | 7,611 |
| Operating Margin | - | 73.13% | 72.29% | 71.63% | 70.52% | 70.86% | 71.1% | 56.97% |
| Earnings before Tax (EBT) 1 | - | - | 2,433 | 2,888 | 5,032 | 6,577 | 7,914 | 9,533 |
| Net income 1 | - | 1,227 | 2,433 | 2,888 | 5,031 | 6,494 | 7,910 | 9,526 |
| Net margin | - | 68.15% | 73.38% | 56.92% | 70.45% | 69.31% | 70% | 71.31% |
| EPS 2 | 1.290 | 1.230 | 1.640 | 1.910 | 2.600 | 2.543 | 2.670 | 2.845 |
| Free Cash Flow 1 | - | - | 2,130 | 3,852 | - | 6,551 | 7,397 | 7,610 |
| FCF margin | - | - | 64.22% | 75.93% | - | 69.92% | 65.46% | 56.97% |
| FCF Conversion (EBITDA) | - | - | 88.84% | 106% | - | 97.75% | 84.67% | 84.57% |
| FCF Conversion (Net income) | - | - | 87.52% | 133.39% | - | 100.88% | 93.52% | 79.89% |
| Dividend per Share 2 | - | 1.320 | 1.770 | 1.980 | - | 2.294 | 2.440 | 2.575 |
| Announcement Date | 3/19/20 | 4/5/21 | 3/5/22 | 3/28/23 | 3/21/24 | - | - | - |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,262 | 1,180 | 1,191 | 1,517 | - | 1,494 | 2,033 |
| EBITDA 1 | 831.1 | 876.2 | 850.2 | 1,084 | - | 1,054 | 1,468 |
| EBIT 1 | 831 | 856.5 | 850.1 | 1,084 | - | 1,054 | 1,468 |
| Operating Margin | 65.86% | 72.6% | 71.38% | 71.44% | - | 70.56% | 72.18% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS 2 | -0.1100 | 0.5400 | 0.5400 | 0.2900 | - | - | 0.5200 |
| Dividend per Share 2 | - | 0.4900 | 0.4900 | 0.5200 | 0.5200 | - | 0.5500 |
| Announcement Date | 3/5/22 | 8/15/22 | 11/10/22 | 3/28/23 | 5/14/23 | 8/14/23 | 11/14/23 |
1PHP in Million2PHP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 813 | 4,968 | 1,522 | - | 707 | 763 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 973 |
| Leverage (Debt/EBITDA) | - | 0.527 x | 2.073 x | 0.419 x | - | 0.1055 x | 0.0873 x | - |
| Free Cash Flow 1 | - | - | 2,130 | 3,852 | - | 6,551 | 7,397 | 7,610 |
| ROE (net income / shareholders' equity) | - | 10.6% | 5% | 5% | - | 7.03% | 7.38% | 7.7% |
| ROA (Net income/ Total Assets) | - | - | 6% | 5% | - | 6.34% | 6.65% | 6.97% |
| Assets 1 | - | - | 40,554 | 57,751 | - | 102,359 | 118,989 | 136,680 |
| Book Value Per Share 2 | - | 12.00 | 32.40 | 34.10 | - | 42.40 | 38.20 | 38.50 |
| Cash Flow per Share 2 | - | - | 1.440 | 2.230 | - | 2.550 | 2.720 | 3.040 |
| Capex 1 | - | 1,484 | 5,019 | 81.8 | - | 597 | 48 | 49.5 |
| Capex / Sales | - | 82.4% | 151.37% | 1.61% | - | 6.37% | 0.42% | 0.37% |
| Announcement Date | 3/19/20 | 4/5/21 | 3/5/22 | 3/28/23 | 3/21/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
34.5
PHP
Average target price
42.48
PHP
Spread / Average Target
+23.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.29% | 1.39B | |
| -7.05% | 46.47B | |
| -8.24% | 20.34B | |
| +2.55% | 15.57B | |
| +8.34% | 10.81B | |
| -5.83% | 9.65B | |
| -1.80% | 8.39B | |
| -15.18% | 8.34B | |
| +3.48% | 7.8B | |
| +5.37% | 5.31B |
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- Financials AREIT, Inc.
