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MarketScreener Homepage  >  Equities  >  Philippines Stock Exchange  >  Aboitiz Equity Ventures, Inc.    AEV   PHY0001Z1040

ABOITIZ EQUITY VENTURES, INC.

(AEV)
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Aboitiz Equity Ventures : 2Q Profit Plunged on Low Power Demand Amid Covid-19

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07/27/2020 | 10:05pm EDT

By Ben Otto

Aboitiz Equity Ventures' net profit fell 63% in the second quarter from a year earlier as the Covid-19 pandemic cut into demand for electricity at its power business.

The Manila-based conglomerate posted net profit of 2.0 billion Philippine pesos ($40.7 million) in the quarter, down from PHP5.4 billion a year ago, it said in a stock-exchange filing Tuesday.

Net profit at the company's power unit--the largest contributer to Aboitiz's income--fell steeply as movement restrictions to curb the spread of Covid-19 reduced demand for retail electricity, it said.

On a first-half basis, income from power fell 57% to PHP2.9 billion.

For the first half of the year, Aboitiz posted a 55% drop in income to PHP4.0 billion, it said.

 

Write to Ben Otto at ben.otto@wsj.com

 


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Financials
Sales 2020 189 B 3 908 M 3 908 M
Net income 2020 12 320 M 255 M 255 M
Net Debt 2020 237 B 4 889 M 4 889 M
P/E ratio 2020 21,5x
Yield 2020 1,99%
Capitalization 265 B 5 466 M 5 467 M
EV / Sales 2020 2,65x
EV / Sales 2021 2,40x
Nbr of Employees 12 150
Free-Float 34,1%
Chart ABOITIZ EQUITY VENTURES, INC.
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Aboitiz Equity Ventures, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ABOITIZ EQUITY VENTURES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 43,13 PHP
Last Close Price 47,00 PHP
Spread / Highest target 2,34%
Spread / Average Target -8,23%
Spread / Lowest Target -25,5%
EPS Revisions
Managers
NameTitle
Sabin M. Aboitiz President, Chief Executive Officer & Director
Enrique M. Aboitiz Chairman
Manuel Ramirez Lozano CFO, SVP & Chief Corporate Information Officer
Erramon Isidro Aboitiz Non-Executive Director
Mikel A. Aboitiz Vice Chairman
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