PHILIPPINE RACING CLUB, INC. Financials Philippine Racing Club, Inc.
Equities
PRC
PHY7078S1034
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7 PHP | -.--% |
|
-.--% | +9.38% |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,915 | 4,813 | 4,493 | 3,757 | 3,960 | 4,005 |
| Enterprise Value (EV) 1 | 6,294 | 5,577 | 4,750 | 3,999 | 3,995 | 4,177 |
| P/E ratio | 19 x | 8.43 x | 14.3 x | 29.9 x | 15.9 x | 33.5 x |
| Yield | 0.89% | 0.84% | 0.9% | 1.08% | 1.03% | 1.01% |
| Capitalization / Revenue | 5.47 x | 2.34 x | 5.39 x | 18.6 x | 13.3 x | 13.9 x |
| EV / Revenue | 7.01 x | 2.71 x | 5.7 x | 19.8 x | 13.4 x | 14.5 x |
| EV / EBITDA | 23.8 x | 4.68 x | 26.5 x | -62.6 x | 443 x | 50.3 x |
| EV / FCF | 52.2 x | 8.05 x | 23.8 x | 71.7 x | 24.2 x | -8.31 x |
| FCF Yield | 1.92% | 12.4% | 4.19% | 1.4% | 4.14% | -12% |
| Price to Book | 1.34 x | 1.24 x | 0.97 x | 0.83 x | 0.77 x | 0.81 x |
| Nbr of stocks (in thousands) | 546,716 | 507,735 | 507,735 | 507,735 | 507,664 | 507,664 |
| Reference price 2 | 8.990 | 9.480 | 8.850 | 7.400 | 7.800 | 7.890 |
| Announcement Date | 5/2/18 | 5/1/19 | 7/1/20 | 5/18/21 | 5/16/22 | 5/3/23 |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 898.3 | 2,059 | 833.2 | 202.2 | 297.3 | 288.4 |
| EBITDA 1 | 264.6 | 1,191 | 179.4 | -63.88 | 9.011 | 83.1 |
| EBIT 1 | 199.1 | 1,108 | 104.3 | -86.89 | -12.69 | 70.77 |
| Operating Margin | 22.17% | 53.82% | 12.52% | -42.98% | -4.27% | 24.54% |
| Earnings before Tax (EBT) 1 | 351.7 | 940 | 426.7 | 143.4 | 241.2 | 180.9 |
| Net income 1 | 262.7 | 570.7 | 338.1 | 125.8 | 248.4 | 119.7 |
| Net margin | 29.24% | 27.71% | 40.58% | 62.2% | 83.56% | 41.5% |
| EPS 2 | 0.4740 | 1.124 | 0.6186 | 0.2477 | 0.4894 | 0.2357 |
| Free Cash Flow 1 | 120.6 | 693.2 | 199.2 | 55.8 | 165.4 | -502.5 |
| FCF margin | 13.43% | 33.66% | 23.91% | 27.6% | 55.62% | -174.27% |
| FCF Conversion (EBITDA) | 45.59% | 58.21% | 111.08% | - | 1,835.31% | - |
| FCF Conversion (Net income) | 45.92% | 121.46% | 58.92% | 44.37% | 66.57% | - |
| Dividend per Share 2 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | 0.0800 |
| Announcement Date | 5/2/18 | 5/1/19 | 7/1/20 | 5/18/21 | 5/16/22 | 5/3/23 |
1PHP in Million2PHP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,379 | 764 | 256 | 242 | 35.1 | 171 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.211 x | 0.6414 x | 1.428 x | -3.783 x | 3.893 x | 2.06 x |
| Free Cash Flow 1 | 121 | 693 | 199 | 55.8 | 165 | -503 |
| ROE (net income / shareholders' equity) | 7.64% | 15.6% | 7.93% | 2.71% | 5.1% | 2.38% |
| ROA (Net income/ Total Assets) | 2.11% | 10.8% | 0.97% | -0.81% | -0.12% | 0.62% |
| Assets 1 | 12,438 | 5,270 | 34,992 | -15,445 | -211,434 | 19,423 |
| Book Value Per Share 2 | 6.730 | 7.650 | 9.150 | 8.910 | 10.20 | 9.790 |
| Cash Flow per Share 2 | 0.6200 | 0.7000 | 0.8800 | 0.7500 | 0.5700 | 0.6800 |
| Capex 1 | 34.9 | 14.1 | 13.6 | 6.67 | 6.64 | 7.05 |
| Capex / Sales | 3.88% | 0.69% | 1.63% | 3.3% | 2.23% | 2.44% |
| Announcement Date | 5/2/18 | 5/1/19 | 7/1/20 | 5/18/21 | 5/16/22 | 5/3/23 |
1PHP in Million2PHP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.38% | 61.6M | |
| +41.02% | 28.71B | |
| -12.14% | 26.95B | |
| +22.78% | 26.45B | |
| +7.32% | 25.94B | |
| +50.46% | 23.39B | |
| +9.88% | 20.4B | |
| -2.65% | 19.76B | |
| +29.42% | 16.53B | |
| -13.27% | 15.1B |
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