Petron Corp
Petron Corp operates in Oil & Gas Exploration & Production.
Petron Corp (PCOR) - Net Assets
Latest net assets as of June 2023: ₱102.96 Billion PHP
Based on the latest financial reports, Petron Corp (PCOR) has net assets worth ₱102.96 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 (₱439.39 Billion) and total liabilities (₱336.44 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 | ₱102.96 Billion |
| % of Total Assets | 23.43% |
| Annual Growth Rate | 0.97% |
| 5-Year Change | 32.32% |
| 10-Year Change | N/A |
| Growth Volatility | 13.93 |
Petron Corp - Net Assets Trend (2014–2022)
This chart illustrates how Petron 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 Petron Corp (2014–2022)
The table below shows the annual net assets of Petron Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱105.17 Billion | +1.52% |
| 2021-12-31 | ₱103.59 Billion | +29.86% |
| 2020-12-31 | ₱79.77 Billion | -6.87% |
| 2019-12-31 | ₱85.66 Billion | +7.77% |
| 2018-12-31 | ₱79.48 Billion | -15.14% |
| 2017-12-31 | ₱93.66 Billion | +10.85% |
| 2016-12-31 | ₱84.49 Billion | +2.25% |
| 2015-12-31 | ₱82.63 Billion | -15.11% |
| 2014-12-31 | ₱97.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Petron 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 decreased by 65.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱13.47 Billion | 12.81% |
| Common Stock | ₱9.48 Billion | 9.02% |
| Other Components | ₱82.21 Billion | 78.17% |
| Total Equity | ₱105.17 Billion | 100.00% |
Petron Corp Competitors by Market Cap
The table below lists competitors of Petron Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hala Enterprises Limited
KAR:HAEL
|
$545.03 |
|
Tiger Royalties and investments Plc
LSE:TIR
|
$545.19 |
|
Loans4Less.Com Inc
PINK:LFLS
|
$546.06 |
|
ECHQF
PINK:ECHQF
|
$546.18 |
|
Megatech Corp
PINK:MGTC
|
$544.38 |
|
UDL Industries Ltd.
KAR:UDLI
|
$544.34 |
|
Ability Inc
PINK:ABILF
|
$544.32 |
|
SBS Philippines Corp
PSE:SBS
|
$544.26 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Petron Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 103,588,000,000 to 105,167,000,000, a change of 1,579,000,000 (1.5%).
- Net income of 5,727,000,000 contributed positively to equity growth.
- Dividend payments of 6,127,000,000 reduced retained earnings.
- Other factors increased equity by 1,979,000,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱5.73 Billion | +5.45% |
| Dividends Paid | ₱6.13 Billion | -5.83% |
| Other Changes | ₱1.98 Billion | +1.88% |
| Total Change | ₱- | 1.52% |
Book Value vs Market Value Analysis
This analysis compares Petron 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: 0.29x
- 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 | ₱9.01 | ₱3.30 | x |
| 2017-12-31 | ₱9.99 | ₱3.30 | x |
| 2018-12-31 | ₱8.48 | ₱3.30 | x |
| 2019-12-31 | ₱9.14 | ₱3.30 | x |
| 2020-12-31 | ₱8.51 | ₱3.30 | x |
| 2021-12-31 | ₱11.05 | ₱3.30 | x |
| 2022-12-31 | ₱11.22 | ₱3.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Petron 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): 5.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.67%
- • Asset Turnover: 1.86x
- • Equity Multiplier: 4.37x
- Recent ROE (5.45%) is above the historical average (4.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.41% | 0.69% | 1.23x | 4.02x | ₱-6.41 Billion |
| 2015 | 6.80% | 1.56% | 1.22x | 3.56x | ₱-2.64 Billion |
| 2016 | 11.95% | 2.94% | 1.08x | 3.77x | ₱1.65 Billion |
| 2017 | 13.60% | 2.93% | 1.29x | 3.61x | ₱3.37 Billion |
| 2018 | 7.82% | 1.12% | 1.56x | 4.51x | ₱-1.73 Billion |
| 2019 | 1.99% | 0.33% | 1.30x | 4.61x | ₱-6.86 Billion |
| 2020 | -14.27% | -3.98% | 0.82x | 4.38x | ₱-19.36 Billion |
| 2021 | 5.18% | 1.23% | 1.08x | 3.93x | ₱-4.99 Billion |
| 2022 | 5.45% | 0.67% | 1.86x | 4.37x | ₱-4.79 Billion |
Industry Comparison
This section compares Petron Corp's net assets metrics with peer companies in the Oil & Gas industry.
Industry Context
- Industry: Oil & Gas
- Average net assets among peers: $6,423,846,353
- Average return on equity (ROE) among peers: 0.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Petron Corp (PCOR) | ₱102.96 Billion | 3.41% | 3.27x | $544.62 |
| APC Group Inc (APC) | $154.67 Million | -5.44% | 0.68x | $16.27 |
| Basic Energy Corp (BSC) | $681.25 Million | -8.53% | 0.10x | $20.04 |
| Forum Pacific Inc (FPI) | $330.71 Million | -0.70% | 0.01x | $44.81 |
| Oriental Petroleum and Minerals Corp (OPM) | $89.49 Million | 2.48% | 0.03x | $1.93 |
| Philodrill Corp (OV) | $2.98 Billion | -8.47% | 0.03x | $1.52 |
| Pryce Corp (PPC) | $13.44 Billion | 12.97% | 0.57x | $2.40K |
| PXP Energy Corp (PXP) | $643.29 Million | -3.48% | 10.40x | $477.62 |
| Pilipinas Shell Petroleum Corp (SHLPH) | $38.97 Billion | 13.03% | 1.06x | $1.81K |
| Seafront Resources Corp (SPM) | $527.34 Million | 3.82% | 0.09x | $340.68 |