Pryce Corp
Pryce Corp operates in Oil & Gas Exploration & Production.
Pryce Corp (PPC) - Net Assets
Latest net assets as of June 2023: ₱14.88 Billion PHP
Based on the latest financial reports, Pryce Corp (PPC) has net assets worth ₱14.88 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 (₱22.92 Billion) and total liabilities (₱8.04 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 | ₱14.88 Billion |
| % of Total Assets | 64.93% |
| Annual Growth Rate | 23.57% |
| 5-Year Change | 87.14% |
| 10-Year Change | N/A |
| Growth Volatility | 23.46 |
Pryce Corp - Net Assets Trend (2014–2022)
This chart illustrates how Pryce 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 Pryce Corp (2014–2022)
The table below shows the annual net assets of Pryce Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱14.37 Billion | +6.92% |
| 2021-12-31 | ₱13.44 Billion | +41.22% |
| 2020-12-31 | ₱9.52 Billion | +9.85% |
| 2019-12-31 | ₱8.66 Billion | +12.82% |
| 2018-12-31 | ₱7.68 Billion | +12.25% |
| 2017-12-31 | ₱6.84 Billion | +18.72% |
| 2016-12-31 | ₱5.76 Billion | +81.67% |
| 2015-12-31 | ₱3.17 Billion | +19.95% |
| 2014-12-31 | ₱2.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pryce 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 863039512000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱8.63 Billion | 60.06% |
| Common Stock | ₱2.02 Billion | 14.09% |
| Other Components | ₱3.72 Billion | 25.86% |
| Total Equity | ₱14.37 Billion | 100.00% |
Pryce Corp Competitors by Market Cap
The table below lists competitors of Pryce Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SEEDCO INTERNATIONAL LIMITED
XBOT:SEED-EQO
|
$2.40K |
|
Advanced Graphene Products S.A.
WAR:GPH
|
$2.40K |
|
UF Games S.A.
WAR:UFG
|
$2.40K |
|
UTENOS TRIKOTAZAS (UD5.SG)
STU:UD5
|
$2.40K |
|
MEDICAL DEVTS INTL
BE:M5D
|
$2.40K |
|
LLJA
STU:LLJA
|
$2.39K |
|
Nexcom AS
CO:NEXCOM
|
$2.39K |
|
Apex Mining Co Inc
PSE:APX
|
$2.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pryce Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 13,440,722,010 to 14,370,706,970, a change of 929,984,960 (6.9%).
- Net income of 1,537,342,780 contributed positively to equity growth.
- Dividend payments of 563,860,500 reduced retained earnings.
- Share repurchases of 124,092,900 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.54 Billion | +10.7% |
| Dividends Paid | ₱563.86 Million | -3.92% |
| Share Repurchases | ₱124.09 Million | -0.86% |
| Other Changes | ₱80.60 Million | +0.56% |
| Total Change | ₱- | 6.92% |
Book Value vs Market Value Analysis
This analysis compares Pryce 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: 1.94x
- 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 5.10x to 1.94x 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 | ₱2.88 | ₱14.70 | x |
| 2017-12-31 | ₱3.38 | ₱14.70 | x |
| 2018-12-31 | ₱3.80 | ₱14.70 | x |
| 2019-12-31 | ₱4.36 | ₱14.70 | x |
| 2020-12-31 | ₱4.90 | ₱14.70 | x |
| 2021-12-31 | ₱7.01 | ₱14.70 | x |
| 2022-12-31 | ₱7.58 | ₱14.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pryce 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): 10.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.19%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.56x
- Recent ROE (10.70%) is below the historical average (14.74%), 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 | 11.23% | 4.69% | 1.19x | 2.01x | ₱32.49 Million |
| 2015 | 17.12% | 9.41% | 1.06x | 1.71x | ₱225.90 Million |
| 2016 | 15.41% | 13.21% | 0.78x | 1.50x | ₱311.86 Million |
| 2017 | 16.79% | 12.45% | 0.96x | 1.41x | ₱464.60 Million |
| 2018 | 16.77% | 12.54% | 0.91x | 1.48x | ₱520.17 Million |
| 2019 | 16.08% | 13.11% | 0.81x | 1.52x | ₱526.98 Million |
| 2020 | 15.56% | 12.62% | 0.79x | 1.56x | ₱528.97 Million |
| 2021 | 12.97% | 11.34% | 0.73x | 1.57x | ₱399.58 Million |
| 2022 | 10.70% | 8.19% | 0.84x | 1.56x | ₱100.27 Million |
Industry Comparison
This section compares Pryce Corp's net assets metrics with peer companies in the Oil & Gas industry.
Industry Context
- Industry: Oil & Gas
- Average net assets among peers: $13,793,988,352
- Average return on equity (ROE) among peers: -2.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pryce Corp (PPC) | ₱14.88 Billion | 11.23% | 0.54x | $2.40K |
| 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 |
| Petron Corp (PCOR) | $79.77 Billion | -14.27% | 3.38x | $544.62 |
| 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 |