AREIT, INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.5 PHP | +1.17% |
|
+3.14% | +3.29% |
| Mar. 21 | AREIT, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 13 | AREIT, Inc. Appoints Maria Franchette M. Acosta as Corporate Secretary, Effective March 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 | 84,435 | 83,937 | 79,310 |
| P/E ratio | 23.9 x | 29.6 x | 18.5 x | 12.8 x | 13.2 x | 11.8 x | 12.1 x |
| Yield | 4.5% | 3.64% | 5.59% | - | 6.66% | 7.63% | 7.46% |
| Capitalization / Revenue | 16.7 x | 22.1 x | 10.5 x | 11.1 x | 8.38 x | 6.8 x | 6.12 x |
| EV / Revenue | 17.2 x | 23.6 x | 10.8 x | 11.1 x | 8.66 x | 6.99 x | 5.94 x |
| EV / EBITDA | 20 x | 32.7 x | 15.1 x | 15.7 x | 12.5 x | 10.2 x | 8.81 x |
| EV / FCF | - | 36.8 x | 14.3 x | - | 11.8 x | 9.44 x | 8.67 x |
| FCF Yield | - | 2.72% | 7.01% | - | 8.49% | 10.6% | 11.5% |
| Price to Book | 2.44 x | 1.5 x | 1.04 x | - | 0.77 x | 0.8 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 | 9,754 | 12,009 | 13,359 |
| EBITDA 1 | - | 1,542 | 2,397 | 3,634 | 5,036 | 6,754 | 8,245 | 8,999 |
| EBIT 1 | - | 1,317 | 2,397 | 3,634 | 5,035 | 6,916 | 8,605 | 8,998 |
| Operating Margin | - | 73.13% | 72.29% | 71.63% | 70.52% | 70.9% | 71.66% | 67.36% |
| Earnings before Tax (EBT) 1 | - | - | 2,433 | 2,888 | 5,032 | 7,001 | 8,930 | 9,533 |
| Net income 1 | - | 1,227 | 2,433 | 2,888 | 5,031 | 6,995 | 8,923 | 9,526 |
| Net margin | - | 68.15% | 73.38% | 56.92% | 70.45% | 71.71% | 74.31% | 71.31% |
| EPS 2 | 1.290 | 1.230 | 1.640 | 1.910 | 2.600 | 2.604 | 2.912 | 2.845 |
| Free Cash Flow 1 | - | - | 2,130 | 3,852 | - | 7,164 | 8,888 | 9,151 |
| FCF margin | - | - | 64.22% | 75.93% | - | 73.45% | 74.01% | 68.5% |
| FCF Conversion (EBITDA) | - | - | 88.84% | 106% | - | 106.08% | 107.79% | 101.69% |
| FCF Conversion (Net income) | - | - | 87.52% | 133.39% | - | 102.42% | 99.61% | 96.05% |
| Dividend per Share 2 | - | 1.320 | 1.770 | 1.980 | - | 2.299 | 2.631 | 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 Q3 | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 694.4 | 1,262 | 1,180 | 1,191 | 1,517 | - | 1,494 | 2,033 | - | - | - | - | - |
| EBITDA | 510.5 | 831.1 | 876.2 | 850.2 | 1,084 | - | 1,054 | 1,468 | - | - | - | - | - |
| EBIT | 510.5 | 831 | 856.5 | 850.1 | 1,084 | - | 1,054 | 1,468 | - | - | - | - | - |
| Operating Margin | 73.51% | 65.86% | 72.6% | 71.38% | 71.44% | - | 70.56% | 72.18% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.4700 | -0.1100 | 0.5400 | 0.5400 | 0.2900 | - | - | 0.5200 | - | - | - | - | - |
| Dividend per Share 1 | 0.4400 | - | 0.4900 | 0.4900 | 0.5200 | 0.5200 | - | 0.5500 | 0.5400 | 0.5500 | 0.5600 | 0.6298 | 0.5700 |
| Announcement Date | 11/15/21 | 3/5/22 | 8/15/22 | 11/10/22 | 3/28/23 | 5/14/23 | 8/14/23 | 11/14/23 | - | - | - | - | - |
1PHP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 813 | 4,968 | 1,522 | - | 2,718 | 2,220 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 2,407 |
| Leverage (Debt/EBITDA) | - | 0.527 x | 2.073 x | 0.419 x | - | 0.4025 x | 0.2693 x | - |
| Free Cash Flow 1 | - | - | 2,130 | 3,852 | - | 7,164 | 8,888 | 9,151 |
| ROE (net income / shareholders' equity) | - | 10.6% | 5% | 5% | - | 6.88% | 7.28% | 7.7% |
| ROA (Net income/ Total Assets) | - | - | 6% | 5% | - | 6.47% | 6.87% | 6.97% |
| Assets 1 | - | - | 40,554 | 57,751 | - | 108,182 | 129,863 | 136,680 |
| Book Value Per Share 2 | - | 12.00 | 32.40 | 34.10 | - | 45.00 | 43.10 | 38.50 |
| Cash Flow per Share 2 | - | - | 1.440 | 2.230 | - | 2.660 | 2.950 | 3.040 |
| Capex 1 | - | 1,484 | 5,019 | 81.8 | - | - | - | - |
| Capex / Sales | - | 82.4% | 151.37% | 1.61% | - | - | - | - |
| 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
46.08
PHP
Spread / Average Target
+33.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.29% | 1.4B | |
| -5.29% | 46.25B | |
| -6.84% | 20.33B | |
| -3.50% | 13.07B | |
| +17.15% | 11.53B | |
| -4.85% | 9.68B | |
| +0.28% | 8.48B | |
| -14.19% | 8.38B | |
| +1.86% | 7.63B | |
| -18.42% | 5.53B |
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- Financials AREIT, Inc.
