Philippine Estates Corp
Philippine Estates Corp operates in Real Estate Development.
Philippine Estates Corp (PHES) - Net Assets
Latest net assets as of September 2023: ₱2.58 Billion PHP
Based on the latest financial reports, Philippine Estates Corp (PHES) has net assets worth ₱2.58 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱3.27 Billion) and total liabilities (₱685.29 Million). 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 | ₱2.58 Billion |
| % of Total Assets | 79.03% |
| Annual Growth Rate | 11.73% |
| 5-Year Change | 134.92% |
| 10-Year Change | N/A |
| Growth Volatility | 25.51 |
Philippine Estates Corp - Net Assets Trend (2014–2022)
This chart illustrates how Philippine Estates 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 Philippine Estates Corp (2014–2022)
The table below shows the annual net assets of Philippine Estates Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱2.56 Billion | +73.57% |
| 2021-12-31 | ₱1.47 Billion | +37.11% |
| 2020-12-31 | ₱1.07 Billion | -1.06% |
| 2019-12-31 | ₱1.09 Billion | -0.23% |
| 2018-12-31 | ₱1.09 Billion | +1.35% |
| 2017-12-31 | ₱1.07 Billion | +1.87% |
| 2016-12-31 | ₱1.05 Billion | +0.25% |
| 2015-12-31 | ₱1.05 Billion | -0.10% |
| 2014-12-31 | ₱1.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Philippine Estates 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 34263983000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₱2.89 Billion | 113.13% |
| Other Components | ₱7.07 Million | 0.28% |
| Total Equity | ₱2.56 Billion | 100.00% |
Philippine Estates Corp Competitors by Market Cap
The table below lists competitors of Philippine Estates Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRANA BIOTECHNOLOGY
BE:PBN
|
$50.10 |
|
CANADA RARE EARTH - Frankfurt Stock Exchang
F:P4XA
|
$50.18 |
|
GALILEO RES PLC LS-001
F:2GA
|
$50.27 |
|
GARUDA INDO -B-
MU:YGD
|
$50.38 |
|
DIRE CIPTADANA PROPERTI PERHOTELAN PADJAJARAN
JK:XCIS
|
$49.74 |
|
McHenry Metals Golf Corp
OTCGREY:GLFN
|
$49.73 |
|
CeCors Inc
PINK:CEOS
|
$49.69 |
|
in Style Group PLC
LSE:ITS
|
$49.50 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Philippine Estates Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,472,299,830 to 2,555,451,290, a change of 1,083,151,460 (73.6%).
- Net income of 27,591,090 contributed positively to equity growth.
- Share repurchases of 1,071,913,450 reduced equity.
- Other factors increased equity by 2,127,473,820.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱27.59 Million | +1.08% |
| Share Repurchases | ₱1.07 Billion | -41.95% |
| Other Changes | ₱2.13 Billion | +83.25% |
| Total Change | ₱- | 73.57% |
Book Value vs Market Value Analysis
This analysis compares Philippine Estates 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: 0.35x
- 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 | ₱0.73 | ₱0.31 | x |
| 2017-12-31 | ₱0.74 | ₱0.31 | x |
| 2018-12-31 | ₱0.75 | ₱0.31 | x |
| 2019-12-31 | ₱0.75 | ₱0.31 | x |
| 2020-12-31 | ₱0.74 | ₱0.31 | x |
| 2021-12-31 | ₱0.81 | ₱0.31 | x |
| 2022-12-31 | ₱0.88 | ₱0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Philippine Estates 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): 1.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.28%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.21x
- Recent ROE (1.08%) is below the historical average (1.36%), 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 | 1.27% | 11.26% | 0.08x | 1.38x | ₱-91.83 Million |
| 2015 | 0.11% | 0.90% | 0.09x | 1.37x | ₱-103.98 Million |
| 2016 | 0.19% | 2.84% | 0.05x | 1.34x | ₱-103.39 Million |
| 2017 | 1.80% | 5.20% | 0.23x | 1.50x | ₱-88.03 Million |
| 2018 | 1.59% | 5.62% | 0.19x | 1.49x | ₱-91.53 Million |
| 2019 | -0.09% | -0.46% | 0.13x | 1.47x | ₱-109.49 Million |
| 2020 | 3.22% | 20.43% | 0.11x | 1.46x | ₱-72.80 Million |
| 2021 | 3.11% | 25.41% | 0.09x | 1.33x | ₱-101.42 Million |
| 2022 | 1.08% | 12.28% | 0.07x | 1.21x | ₱-227.95 Million |
Industry Comparison
This section compares Philippine Estates Corp's net assets metrics with peer companies in the Real Estate Operations industry.
Industry Context
- Industry: Real Estate Operations
- Average net assets among peers: $6,509,544,787
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Philippine Estates Corp (PHES) | ₱2.58 Billion | 1.27% | 0.27x | $49.99 |
| ArthaLand Corp (ALCO) | $5.24 Billion | 6.36% | 1.35x | $73.64 |
| ArthaLand Corp Preferred Series D (ALCPD) | $5.11 Billion | 16.44% | 0.97x | $81.17K |
| Anchor Land Holdings Inc (ALHI) | $9.19 Billion | 5.63% | 3.26x | $747.44 |
| Altus Property Ventures Inc (APVI) | $585.17 Million | 11.02% | 0.17x | $1.35K |
| ATN Holdings Inc B (ATNB) | $2.13 Billion | 14.46% | 0.47x | $72.65 |
| Belle Corp (BEL) | $26.47 Billion | 10.00% | 0.61x | $207.65 |
| A Brown Company Inc (BRN) | $5.97 Billion | 6.66% | 0.44x | $136.11 |
| Cityland Development Corp (CDC) | $6.74 Billion | 7.20% | 0.44x | $90.80 |
| Crown Equities Inc (CEI) | $2.14 Billion | 2.37% | 0.17x | $12.26 |
| Cebu Landmasters Inc (CLI) | $1.52 Billion | 51.08% | 2.34x | $380.70 |