SPC Power Corp
SPC Power Corp operates in Environmental & Facilities Services.
SPC Power Corp (SPC) - Net Assets
Latest net assets as of June 2023: ₱11.08 Billion PHP
Based on the latest financial reports, SPC Power Corp (SPC) has net assets worth ₱11.08 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 (₱12.64 Billion) and total liabilities (₱1.55 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 | ₱11.08 Billion |
| % of Total Assets | 87.71% |
| Annual Growth Rate | 3.41% |
| 5-Year Change | 3.94% |
| 10-Year Change | N/A |
| Growth Volatility | 7.23 |
SPC Power Corp - Net Assets Trend (2016–2022)
This chart illustrates how SPC Power 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 SPC Power Corp (2016–2022)
The table below shows the annual net assets of SPC Power Corp from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱10.27 Billion | +10.57% |
| 2021-12-31 | ₱9.29 Billion | -10.85% |
| 2020-12-31 | ₱10.42 Billion | +4.09% |
| 2019-12-31 | ₱10.01 Billion | +1.30% |
| 2018-12-31 | ₱9.88 Billion | +7.20% |
| 2017-12-31 | ₱9.21 Billion | +9.74% |
| 2016-12-31 | ₱8.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPC Power 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 27.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱8.73 Billion | 85.00% |
| Common Stock | ₱1.57 Billion | 15.29% |
| Total Equity | ₱10.27 Billion | 100.00% |
SPC Power Corp Competitors by Market Cap
The table below lists competitors of SPC Power Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alchemy Investments Acquisition Corp 1 Warrants
NASDAQ:ALCYW
|
$1.73K |
|
Thanh Nam Group JSC
VN:TNI
|
$1.73K |
|
MYDECINE INNOVAT.GRP
F:0NF0
|
$1.73K |
|
Medite Cancer Diagnostics Inc
PINK:MDIT
|
$1.73K |
|
ECOBANK TRANSNATIONAL INCORPORATION
GSE:ETI
|
$1.72K |
|
Northern Bear Plc
LSE:NTBR
|
$1.72K |
|
THAI AIRWAYS NVDR
MU:NVPE
|
$1.72K |
|
Alpha Seven Group JSC
VN:DL1
|
$1.72K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPC Power Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 9,285,919,050 to 10,267,003,430, a change of 981,084,380 (10.6%).
- Net income of 1,272,356,480 contributed positively to equity growth.
- Dividend payments of 317,574,130 reduced retained earnings.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.27 Billion | +12.39% |
| Dividends Paid | ₱317.57 Million | -3.09% |
| Other Changes | ₱26.30 Million | +0.26% |
| Total Change | ₱- | 10.57% |
Book Value vs Market Value Analysis
This analysis compares SPC Power 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: 1.51x
- 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 1.85x to 1.51x 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 | ₱5.61 | ₱10.38 | x |
| 2017-12-31 | ₱6.16 | ₱10.38 | x |
| 2018-12-31 | ₱6.60 | ₱10.38 | x |
| 2019-12-31 | ₱6.69 | ₱10.38 | x |
| 2020-12-31 | ₱6.96 | ₱10.38 | x |
| 2021-12-31 | ₱6.20 | ₱10.38 | x |
| 2022-12-31 | ₱6.86 | ₱10.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPC Power 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): 12.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.05%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.13x
- Recent ROE (12.39%) is below the historical average (16.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 20.65% | 59.36% | 0.28x | 1.24x | ₱893.99 Million |
| 2017 | 17.83% | 69.92% | 0.22x | 1.18x | ₱721.77 Million |
| 2018 | 18.77% | 77.72% | 0.22x | 1.11x | ₱866.47 Million |
| 2019 | 17.81% | 63.68% | 0.25x | 1.11x | ₱781.65 Million |
| 2020 | 15.39% | 80.33% | 0.17x | 1.10x | ₱561.89 Million |
| 2021 | 12.82% | 48.22% | 0.24x | 1.11x | ₱262.06 Million |
| 2022 | 12.39% | 33.05% | 0.33x | 1.13x | ₱245.66 Million |
Industry Comparison
This section compares SPC Power Corp's net assets metrics with peer companies in the Electrical Utilities & IPPs industry.
Industry Context
- Industry: Electrical Utilities & IPPs
- Average net assets among peers: $47,282,424,326
- Average return on equity (ROE) among peers: 11545.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPC Power Corp (SPC) | ₱11.08 Billion | 20.65% | 0.14x | $1.73K |
| AC Energy Philippines Inc (ACEN) | $7.86 Billion | 11.60% | 1.37x | $387.92 |
| Alsons Consolidated Resources Inc (ACR) | $11.49 Billion | 1.28% | 2.97x | $154.51 |
| Aboitiz Power Corp (AP) | $97.57 Billion | 18.04% | 1.49x | $7.15K |
| First Gen Corp (FGEN) | $1.88 Billion | 7.14% | 1.92x | $2.83K |
| First Philippine Holdings Corp (FPH) | $132.76 Billion | 9.55% | 2.17x | $11.48K |
| Lopez Holdings Corp (LPZ) | $78.78 Billion | 6.90% | 4.44x | $571.70 |
| Manila Electric Co (MER) | $95.20 Billion | 24.68% | 4.08x | $95.40K |
| Synergy Grid and Development Phils Inc (SGP) | $7.75 Million | 103833.65% | 0.06x | $3.04K |
| Solar Philippines Nueva Ecija Corp (SPNEC) | $-986.94K | 0.00% | 0.00x | $207.05 |