Aboitiz Power Corp
Aboitiz Power Corp operates in Environmental & Facilities Services.
Aboitiz Power Corp (AP) - Net Assets
Latest net assets as of June 2023: ₱170.10 Billion PHP
Based on the latest financial reports, Aboitiz Power Corp (AP) has net assets worth ₱170.10 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱478.55 Billion) and total liabilities (₱308.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₱170.10 Billion |
| % of Total Assets | 35.54% |
| Annual Growth Rate | 7.91% |
| 5-Year Change | 32.39% |
| 10-Year Change | N/A |
| Growth Volatility | 5.73 |
Aboitiz Power Corp - Net Assets Trend (2014–2022)
This chart illustrates how Aboitiz Power Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aboitiz Power Corp (2014–2022)
The table below shows the annual net assets of Aboitiz Power Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱169.08 Billion | +14.28% |
| 2021-12-31 | ₱147.95 Billion | +16.35% |
| 2020-12-31 | ₱127.16 Billion | +1.29% |
| 2019-12-31 | ₱125.54 Billion | -1.70% |
| 2018-12-31 | ₱127.71 Billion | +10.67% |
| 2017-12-31 | ₱115.40 Billion | +9.78% |
| 2016-12-31 | ₱105.11 Billion | +7.73% |
| 2015-12-31 | ₱97.57 Billion | +6.10% |
| 2014-12-31 | ₱91.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aboitiz Power Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 93.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱140.90 Billion | 83.33% |
| Common Stock | ₱19.95 Billion | 11.80% |
| Other Components | ₱8.23 Billion | 4.87% |
| Total Equity | ₱169.08 Billion | 100.00% |
Aboitiz Power Corp Competitors by Market Cap
The table below lists competitors of Aboitiz Power Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ongwe Minerals Inc.
V:OGW
|
$7.16K |
|
Staffline Group Plc
LSE:STAF
|
$7.16K |
|
GRND3F
SA:GRND3F
|
$7.16K |
|
SIERRA METALS (DFXN.SG)
STU:DFXN
|
$7.17K |
|
VRYWF
OTCGREY:VRYWF
|
$7.14K |
|
MNPR3F
SA:MNPR3F
|
$7.13K |
|
Pacific Image Electronics Co., Ltd.
TWO:6228
|
$7.13K |
|
BEACH ENERGY (BPS.SG)
STU:BPS
|
$7.12K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aboitiz Power Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 147,951,082,000 to 169,084,964,000, a change of 21,133,882,000 (14.3%).
- Net income of 27,535,133,000 contributed positively to equity growth.
- Dividend payments of 10,669,606,000 reduced retained earnings.
- Other factors increased equity by 4,268,355,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱27.54 Billion | +16.28% |
| Dividends Paid | ₱10.67 Billion | -6.31% |
| Other Changes | ₱4.27 Billion | +2.52% |
| Total Change | ₱- | 14.28% |
Book Value vs Market Value Analysis
This analysis compares Aboitiz Power Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.96x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.15x to 1.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱14.28 | ₱44.95 | x |
| 2017-12-31 | ₱15.68 | ₱44.95 | x |
| 2018-12-31 | ₱17.36 | ₱44.95 | x |
| 2019-12-31 | ₱17.06 | ₱44.95 | x |
| 2020-12-31 | ₱17.28 | ₱44.95 | x |
| 2021-12-31 | ₱20.11 | ₱44.95 | x |
| 2022-12-31 | ₱22.98 | ₱44.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aboitiz Power Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.19%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.82x
- Recent ROE (16.28%) is above the historical average (16.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 18.17% | 19.25% | 0.40x | 2.36x | ₱7.51 Billion |
| 2015 | 18.04% | 20.67% | 0.35x | 2.49x | ₱7.85 Billion |
| 2016 | 19.03% | 22.43% | 0.25x | 3.40x | ₱9.49 Billion |
| 2017 | 17.69% | 17.10% | 0.33x | 3.13x | ₱8.88 Billion |
| 2018 | 17.00% | 16.50% | 0.34x | 3.05x | ₱8.94 Billion |
| 2019 | 13.80% | 13.79% | 0.31x | 3.27x | ₱4.77 Billion |
| 2020 | 9.89% | 11.40% | 0.28x | 3.13x | ₱-138.18 Million |
| 2021 | 14.08% | 15.51% | 0.31x | 2.89x | ₱6.04 Billion |
| 2022 | 16.28% | 14.19% | 0.41x | 2.82x | ₱10.63 Billion |
Industry Comparison
This section compares Aboitiz Power Corp's net assets metrics with peer companies in the Electrical Utilities & IPPs industry.
Industry Context
- Industry: Electrical Utilities & IPPs
- Average net assets among peers: $37,539,052,842
- Average return on equity (ROE) among peers: 11545.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aboitiz Power Corp (AP) | ₱170.10 Billion | 18.17% | 1.81x | $7.15K |
| AC Energy Philippines Inc (ACEN) | $7.86 Billion | 11.60% | 1.37x | $387.92 |
| Alsons Consolidated Resources Inc (ACR) | $11.49 Billion | 1.28% | 2.97x | $154.51 |
| First Gen Corp (FGEN) | $1.88 Billion | 7.14% | 1.92x | $2.83K |
| First Philippine Holdings Corp (FPH) | $132.76 Billion | 9.55% | 2.17x | $11.48K |
| Lopez Holdings Corp (LPZ) | $78.78 Billion | 6.90% | 4.44x | $571.70 |
| Manila Electric Co (MER) | $95.20 Billion | 24.68% | 4.08x | $95.40K |
| Synergy Grid and Development Phils Inc (SGP) | $7.75 Million | 103833.65% | 0.06x | $3.04K |
| SPC Power Corp (SPC) | $9.88 Billion | 18.77% | 0.11x | $1.73K |
| Solar Philippines Nueva Ecija Corp (SPNEC) | $-986.94K | 0.00% | 0.00x | $207.05 |