Manila Bulletin Publishing Corp
Manila Bulletin Publishing Corp operates in Movies & Entertainment.
Manila Bulletin Publishing Corp (MB) - Net Assets
Latest net assets as of June 2023: ₱3.65 Billion PHP
Based on the latest financial reports, Manila Bulletin Publishing Corp (MB) has net assets worth ₱3.65 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 (₱5.56 Billion) and total liabilities (₱1.91 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 | ₱3.65 Billion |
| % of Total Assets | 65.62% |
| Annual Growth Rate | 0.52% |
| 5-Year Change | 1.62% |
| 10-Year Change | N/A |
| Growth Volatility | 0.63 |
Manila Bulletin Publishing Corp - Net Assets Trend (2016–2022)
This chart illustrates how Manila Bulletin Publishing 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 Manila Bulletin Publishing Corp (2016–2022)
The table below shows the annual net assets of Manila Bulletin Publishing Corp from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱3.64 Billion | +1.42% |
| 2021-12-31 | ₱3.59 Billion | +0.74% |
| 2020-12-31 | ₱3.56 Billion | -0.42% |
| 2019-12-31 | ₱3.58 Billion | -0.13% |
| 2018-12-31 | ₱3.58 Billion | +0.53% |
| 2017-12-31 | ₱3.56 Billion | +0.95% |
| 2016-12-31 | ₱3.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Manila Bulletin Publishing 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 122.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱318.25 Million | 8.75% |
| Common Stock | ₱3.48 Billion | 95.54% |
| Total Equity | ₱3.64 Billion | 100.00% |
Manila Bulletin Publishing Corp Competitors by Market Cap
The table below lists competitors of Manila Bulletin Publishing Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
REAL ESTATE INVESTMENTS ZAMBIA PLC
LUSE:REIZUSD
|
$26.42 |
|
MUTUAL BENEFITS ASSURANCE PLC
XNSA:MBENEFIT
|
$26.72 |
|
Regnum Corp
PINK:RGMP
|
$26.99 |
|
VioQuest Pharmaceuticals Inc
PINK:VOQP
|
$27.05 |
|
Hai Jia International Limited Company
PINK:HBIE
|
$26.26 |
|
WaterPure International Inc
PINK:WPUR
|
$26.26 |
|
Alliance Recovery Corporation
PINK:ARVY
|
$26.21 |
|
AIICO INSURANCE PLC
XNSA:AIICO
|
$26.01 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manila Bulletin Publishing Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 3,586,661,350 to 3,637,707,470, a change of 51,046,120 (1.4%).
- Net income of 45,199,380 contributed positively to equity growth.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱45.20 Million | +1.24% |
| Other Changes | ₱5.85 Million | +0.16% |
| Total Change | ₱- | 1.42% |
Book Value vs Market Value Analysis
This analysis compares Manila Bulletin Publishing 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: 0.15x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱1.02 | ₱0.16 | x |
| 2017-12-31 | ₱1.03 | ₱0.16 | x |
| 2018-12-31 | ₱1.03 | ₱0.16 | x |
| 2019-12-31 | ₱1.03 | ₱0.16 | x |
| 2020-12-31 | ₱1.03 | ₱0.16 | x |
| 2021-12-31 | ₱1.04 | ₱0.16 | x |
| 2022-12-31 | ₱1.05 | ₱0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manila Bulletin Publishing 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): 1.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.04%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.53x
- Recent ROE (1.24%) is above the historical average (0.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.21% | 1.67% | 0.39x | 1.86x | ₱-310.20 Million |
| 2017 | 1.40% | 2.33% | 0.35x | 1.72x | ₱-306.23 Million |
| 2018 | 0.45% | 0.82% | 0.33x | 1.67x | ₱-341.76 Million |
| 2019 | 0.71% | 1.55% | 0.27x | 1.67x | ₱-332.28 Million |
| 2020 | 0.49% | 2.03% | 0.14x | 1.73x | ₱-338.51 Million |
| 2021 | 0.59% | 2.87% | 0.13x | 1.59x | ₱-337.49 Million |
| 2022 | 1.24% | 6.04% | 0.13x | 1.53x | ₱-318.57 Million |
Industry Comparison
This section compares Manila Bulletin Publishing Corp's net assets metrics with peer companies in the Media & Publishing industry.
Industry Context
- Industry: Media & Publishing
- Average net assets among peers: $5,256,005,710
- Average return on equity (ROE) among peers: 20.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manila Bulletin Publishing Corp (MB) | ₱3.65 Billion | 1.21% | 0.52x | $26.35 |
| GMA Network Inc (GMA7) | $9.59 Billion | 27.31% | 0.71x | $953.90 |
| Manila Broadcasting Co (MBC) | $925.58 Million | 13.71% | 0.89x | $885.95 |