RFM Corp
RFM Corp operates in Packaged Foods & Meats.
RFM Corp (RFM) - Net Assets
Latest net assets as of September 2023: ₱13.76 Billion PHP
Based on the latest financial reports, RFM Corp (RFM) has net assets worth ₱13.76 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 (₱21.95 Billion) and total liabilities (₱8.20 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 | ₱13.76 Billion |
| % of Total Assets | 62.67% |
| Annual Growth Rate | 5.14% |
| 5-Year Change | 14.68% |
| 10-Year Change | N/A |
| Growth Volatility | 2.49 |
RFM Corp - Net Assets Trend (2014–2022)
This chart illustrates how RFM 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 RFM Corp (2014–2022)
The table below shows the annual net assets of RFM Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱13.42 Billion | +0.93% |
| 2021-12-31 | ₱13.30 Billion | +5.67% |
| 2020-12-31 | ₱12.59 Billion | +3.78% |
| 2019-12-31 | ₱12.13 Billion | +3.61% |
| 2018-12-31 | ₱11.71 Billion | +4.71% |
| 2017-12-31 | ₱11.18 Billion | +9.86% |
| 2016-12-31 | ₱10.18 Billion | +5.44% |
| 2015-12-31 | ₱9.65 Billion | +7.39% |
| 2014-12-31 | ₱8.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to RFM 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 195.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱6.38 Billion | 47.51% |
| Common Stock | ₱3.65 Billion | 27.20% |
| Other Components | ₱3.40 Billion | 25.29% |
| Total Equity | ₱13.42 Billion | 100.00% |
RFM Corp Competitors by Market Cap
The table below lists competitors of RFM Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIH MOBILE (FW3.SG)
STU:FW3
|
$873.58 |
|
MUZHU MINING LTD
F:Y33
|
$875.38 |
|
Compania Minera Atacocha S.A.A. B
LIM:ATACOBC1
|
$875.70 |
|
Ruch Chorzow SA
WAR:RCW
|
$876.10 |
|
Sitara Energy Ltd
KAR:SEL
|
$871.25 |
|
Navya SA
PINK:NVYAF
|
$869.00 |
|
Mosman Oil and Gas Ltd
LSE:MSMN
|
$868.20 |
|
Ouster Inc.
NYSE:OUST-WT
|
$866.70 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RFM Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 13,300,547,000 to 13,424,652,000, a change of 124,105,000 (0.9%).
- Net income of 1,068,762,000 contributed positively to equity growth.
- Dividend payments of 852,602,000 reduced retained earnings.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.07 Billion | +7.96% |
| Dividends Paid | ₱852.60 Million | -6.35% |
| Other Changes | ₱-92.06 Million | -0.69% |
| Total Change | ₱- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares RFM 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: 1.36x
- 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 1.86x to 1.36x 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 | ₱2.91 | ₱5.42 | x |
| 2017-12-31 | ₱3.20 | ₱5.42 | x |
| 2018-12-31 | ₱3.36 | ₱5.42 | x |
| 2019-12-31 | ₱3.51 | ₱5.42 | x |
| 2020-12-31 | ₱3.74 | ₱5.42 | x |
| 2021-12-31 | ₱3.95 | ₱5.42 | x |
| 2022-12-31 | ₱3.98 | ₱5.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RFM 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): 7.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.51%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.55x
- Recent ROE (7.96%) is below the historical average (9.50%), 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 | 9.33% | 7.61% | 0.79x | 1.55x | ₱-60.43 Million |
| 2015 | 9.39% | 7.57% | 0.86x | 1.44x | ₱-58.66 Million |
| 2016 | 9.84% | 7.89% | 0.86x | 1.45x | ₱-15.83 Million |
| 2017 | 9.32% | 8.18% | 0.80x | 1.42x | ₱-75.64 Million |
| 2018 | 9.47% | 7.88% | 0.84x | 1.43x | ₱-61.64 Million |
| 2019 | 10.15% | 8.03% | 0.82x | 1.54x | ₱17.63 Million |
| 2020 | 10.22% | 8.19% | 0.83x | 1.51x | ₱27.66 Million |
| 2021 | 9.84% | 7.76% | 0.85x | 1.49x | ₱-20.66 Million |
| 2022 | 7.96% | 5.51% | 0.93x | 1.55x | ₱-273.70 Million |
Industry Comparison
This section compares RFM Corp's net assets metrics with peer companies in the Food & Tobacco industry.
Industry Context
- Industry: Food & Tobacco
- Average net assets among peers: $8,097,849,992
- Average return on equity (ROE) among peers: 1.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RFM Corp (RFM) | ₱13.76 Billion | 9.33% | 0.60x | $872.23 |
| AgriNurture Inc (ANI) | $718.07 Million | -21.61% | 2.26x | $85.23 |
| Axelum Resources Corp (AXLM) | $4.65 Billion | 7.85% | 0.64x | $314.28 |
| Central Azucarera de Tarlac Inc (CAT) | $3.84 Billion | 15.20% | 0.55x | $1.63K |
| Century Pacific Food Inc (CNPF) | $19.15 Billion | 16.44% | 0.70x | $5.61K |
| Del Monte Pacific Ltd (DELM) | $559.20 Million | -6.53% | 3.49x | $921.59 |
| San Miguel Pure Foods Company Inc (FB) | $41.35 Billion | 13.74% | 0.62x | $8.70K |
| Alliance Select Foods International Inc (FOOD) | $22.22 Million | -5.72% | 0.71x | $65.55 |
| Liberty Flour Mills Inc (LFM) | $2.52 Billion | -4.44% | 0.82x | $5.19K |
| Swift Foods Inc (SFI) | $63.03 Million | -1.37% | 1.86x | $8.14 |