Manila Broadcasting Co
Manila Broadcasting Co operates in Movies & Entertainment.
Manila Broadcasting Co (MBC) - Net Assets
Latest net assets as of June 2023: ₱1.41 Billion PHP
Based on the latest financial reports, Manila Broadcasting Co (MBC) has net assets worth ₱1.41 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 (₱2.62 Billion) and total liabilities (₱1.20 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 | ₱1.41 Billion |
| % of Total Assets | 54.04% |
| Annual Growth Rate | 7.82% |
| 5-Year Change | 26.35% |
| 10-Year Change | N/A |
| Growth Volatility | 9.35 |
Manila Broadcasting Co - Net Assets Trend (2014–2022)
This chart illustrates how Manila Broadcasting Co'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 Broadcasting Co (2014–2022)
The table below shows the annual net assets of Manila Broadcasting Co from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱1.40 Billion | -7.77% |
| 2021-12-31 | ₱1.52 Billion | +3.24% |
| 2020-12-31 | ₱1.47 Billion | +19.67% |
| 2019-12-31 | ₱1.23 Billion | +10.88% |
| 2018-12-31 | ₱1.11 Billion | +19.60% |
| 2017-12-31 | ₱925.58 Million | +0.15% |
| 2016-12-31 | ₱924.17 Million | +3.72% |
| 2015-12-31 | ₱890.98 Million | +16.34% |
| 2014-12-31 | ₱765.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Manila Broadcasting Co'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 135.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱527.27 Million | 37.70% |
| Common Stock | ₱402.80 Million | 28.80% |
| Other Components | ₱468.62 Million | 33.50% |
| Total Equity | ₱1.40 Billion | 100.00% |
Manila Broadcasting Co Competitors by Market Cap
The table below lists competitors of Manila Broadcasting Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pruksa Holding PCL
STU:2PR3
|
$887.16 |
|
International Digital Holding Inc
PINK:IDIG
|
$890.09 |
|
abrdn Property Income Trust Ltd.
LSE:API
|
$890.56 |
|
BRITAM HOLDINGS PLC
XNAI:BRITAM
|
$890.63 |
|
At-Tahur Ltd.
KAR:PREMA
|
$885.29 |
|
Select Sands Corp
PINK:SLSDF
|
$885.00 |
|
Finsbury Growth & Income Trust
LSE:FGT
|
$884.29 |
|
Doseology Sciences Inc.
OTCQB:DOSEF
|
$883.41 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manila Broadcasting Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,516,545,550 to 1,398,684,400, a change of -117,861,150 (-7.8%).
- Net income of 113,301,960 contributed positively to equity growth.
- Dividend payments of 12,746,270 reduced retained earnings.
- Other factors decreased equity by 218,416,840.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱113.30 Million | +8.1% |
| Dividends Paid | ₱12.75 Million | -0.91% |
| Other Changes | ₱-218.42 Million | -15.62% |
| Total Change | ₱- | -7.77% |
Book Value vs Market Value Analysis
This analysis compares Manila Broadcasting Co'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: 1.58x
- 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 2.40x to 1.58x 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 | ₱2.30 | ₱5.50 | x |
| 2017-12-31 | ₱2.30 | ₱5.50 | x |
| 2018-12-31 | ₱2.75 | ₱5.50 | x |
| 2019-12-31 | ₱3.05 | ₱5.50 | x |
| 2020-12-31 | ₱3.65 | ₱5.50 | x |
| 2021-12-31 | ₱3.77 | ₱5.50 | x |
| 2022-12-31 | ₱3.47 | ₱5.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manila Broadcasting Co 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): 8.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.30%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.91x
- Recent ROE (8.10%) is below the historical average (11.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 17.33% | 14.03% | 0.87x | 1.42x | ₱56.10 Million |
| 2015 | 16.66% | 13.73% | 0.84x | 1.44x | ₱59.31 Million |
| 2016 | 20.19% | 14.91% | 0.95x | 1.42x | ₱94.19 Million |
| 2017 | 13.71% | 11.90% | 0.61x | 1.89x | ₱34.34 Million |
| 2018 | 9.54% | 10.36% | 0.45x | 2.06x | ₱-5.10 Million |
| 2019 | 8.72% | 9.75% | 0.42x | 2.13x | ₱-15.74 Million |
| 2020 | 7.14% | 11.79% | 0.30x | 2.00x | ₱-42.06 Million |
| 2021 | 6.32% | 9.65% | 0.34x | 1.92x | ₱-55.87 Million |
| 2022 | 8.10% | 9.30% | 0.46x | 1.91x | ₱-26.57 Million |
Industry Comparison
This section compares Manila Broadcasting Co's net assets metrics with peer companies in the Media & Publishing industry.
Industry Context
- Industry: Media & Publishing
- Average net assets among peers: $6,612,070,465
- Average return on equity (ROE) among peers: 14.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manila Broadcasting Co (MBC) | ₱1.41 Billion | 17.33% | 0.85x | $885.95 |
| GMA Network Inc (GMA7) | $9.59 Billion | 27.31% | 0.71x | $953.90 |
| Manila Bulletin Publishing Corp (MB) | $3.64 Billion | 1.24% | 0.53x | $26.35 |