Financials Benguet Corporation

Equities

BC

PHY078321353

Diversified Mining

End-of-day quote Philippines S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.4 PHP +4.76% Intraday chart for Benguet Corporation +4.51% -9.65%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,070 923.7 668.9 1,885 3,267 2,576
Enterprise Value (EV) 1 1,684 1,152 1,108 2,129 2,347 808.1
P/E ratio 57.7 x 7.79 x 6.02 x 5.08 x 2.35 x 1.93 x
Yield - - - - - -
Capitalization / Revenue 0.73 x 0.92 x 0.83 x 1.16 x 0.85 x 0.64 x
EV / Revenue 1.15 x 1.14 x 1.38 x 1.31 x 0.61 x 0.2 x
EV / EBITDA 17.1 x -8.38 x -12.5 x 5.38 x 1.37 x 0.48 x
EV / FCF 24.8 x 1.78 x -24.6 x 34.6 x 2.14 x 1.11 x
FCF Yield 4.04% 56.2% -4.06% 2.89% 46.7% 90.2%
Price to Book 0.29 x 0.23 x 0.16 x 0.4 x 0.52 x 0.33 x
Nbr of stocks (in thousands) 615,771 615,771 615,771 616,122 622,922 622,922
Reference price 2 1.730 1.500 1.130 3.100 5.340 4.100
Announcement Date 4/26/18 4/30/19 6/30/20 5/17/21 5/15/22 5/2/23
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,463 1,009 802.1 1,620 3,842 4,025
EBITDA 1 98.35 -137.5 -88.65 396 1,708 1,688
EBIT 1 -29.99 -309.1 -223.1 342 1,550 1,614
Operating Margin -2.05% -30.64% -27.82% 21.11% 40.34% 40.09%
Earnings before Tax (EBT) 1 46.65 132.4 148.3 483.3 1,794 1,759
Net income 1 21.47 119 115.7 381.4 1,422 1,331
Net margin 1.47% 11.8% 14.43% 23.55% 37% 33.07%
EPS 2 0.0300 0.1927 0.1879 0.6100 2.270 2.120
Free Cash Flow 1 68.04 647 -45.01 61.55 1,096 729.1
FCF margin 4.65% 64.14% -5.61% 3.8% 28.52% 18.11%
FCF Conversion (EBITDA) 69.18% - - 15.54% 64.13% 43.2%
FCF Conversion (Net income) 316.89% 543.51% - 16.14% 77.07% 54.77%
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/30/19 6/30/20 5/17/21 5/15/22 5/2/23
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 614 229 439 244 - -
Net Cash position 1 - - - - 920 1,768
Leverage (Debt/EBITDA) 6.244 x -1.662 x -4.95 x 0.6152 x - -
Free Cash Flow 1 68 647 -45 61.6 1,096 729
ROE (net income / shareholders' equity) 0.58% 3.12% 2.77% 8.3% 25.4% 18.8%
ROA (Net income/ Total Assets) -0.29% -2.93% -2.06% 2.99% 12% 10.8%
Assets 1 -7,518 -4,065 -5,623 12,759 11,835 12,314
Book Value Per Share 2 6.020 6.390 7.160 7.760 10.30 12.50
Cash Flow per Share 2 0.1000 0.4900 0.1300 0.4400 0.9700 1.610
Capex 1 55.9 8.24 28 27.3 40.9 45.4
Capex / Sales 3.82% 0.82% 3.49% 1.69% 1.06% 1.13%
Announcement Date 4/26/18 4/30/19 6/30/20 5/17/21 5/15/22 5/2/23
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. BC Stock
  4. Financials Benguet Corporation