PHILIPPINE RACING CLUB, INC. Financials Philippine Racing Club, Inc.
Equities
PRC
PHY7078S1034
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.91 PHP | 0.00% |
|
0.00% | -23.28% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,813 | 4,493 | 3,757 | 3,960 | 4,005 | 3,249 |
| Enterprise Value (EV) 1 | 5,577 | 4,750 | 3,999 | 3,995 | 4,177 | 3,445 |
| P/E ratio | 8.43 x | 14.3 x | 29.9 x | 15.9 x | 33.5 x | 11.2 x |
| Yield | 0.84% | 0.9% | 1.08% | 1.03% | 1.01% | - |
| Capitalization / Revenue | 2.34 x | 5.39 x | 18.6 x | 13.3 x | 13.9 x | 7.85 x |
| EV / Revenue | 2.71 x | 5.7 x | 19.8 x | 13.4 x | 14.5 x | 8.33 x |
| EV / EBITDA | 4.68 x | 26.5 x | -62.6 x | 443 x | 50.3 x | 19.4 x |
| EV / FCF | 8.05 x | 23.8 x | 71.7 x | 24.2 x | -8.31 x | -125 x |
| FCF Yield | 12.4% | 4.19% | 1.4% | 4.14% | -12% | -0.8% |
| Price to Book | 1.24 x | 0.97 x | 0.83 x | 0.77 x | 0.81 x | 0.57 x |
| Nbr of stocks (in thousands) | 5,07,735 | 5,07,735 | 5,07,735 | 5,07,664 | 5,07,664 | 5,07,664 |
| Reference price 2 | 9.480 | 8.850 | 7.400 | 7.800 | 7.890 | 6.400 |
| Announcement Date | 01/05/19 | 01/07/20 | 18/05/21 | 16/05/22 | 03/05/23 | 02/05/24 |
1PHP in Million2PHP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,059 | 833.2 | 202.2 | 297.3 | 288.4 | 413.7 |
| EBITDA 1 | 1,191 | 179.4 | -63.88 | 9.011 | 83.1 | 177.9 |
| EBIT 1 | 1,108 | 104.3 | -86.89 | -12.69 | 70.77 | 169.2 |
| Operating Margin | 53.82% | 12.52% | -42.98% | -4.27% | 24.54% | 40.9% |
| Earnings before Tax (EBT) 1 | 940 | 426.7 | 143.4 | 241.2 | 180.9 | 469.1 |
| Net income 1 | 570.7 | 338.1 | 125.8 | 248.4 | 119.7 | 291.1 |
| Net margin | 27.71% | 40.58% | 62.2% | 83.56% | 41.5% | 70.37% |
| EPS 2 | 1.124 | 0.6186 | 0.2477 | 0.4894 | 0.2357 | 0.5735 |
| Free Cash Flow 1 | 693.2 | 199.2 | 55.8 | 165.4 | -502.5 | -27.58 |
| FCF margin | 33.66% | 23.91% | 27.6% | 55.62% | -174.27% | -6.67% |
| FCF Conversion (EBITDA) | 58.21% | 111.08% | - | 1,835.31% | - | - |
| FCF Conversion (Net income) | 121.46% | 58.92% | 44.37% | 66.57% | - | - |
| Dividend per Share 2 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | - |
| Announcement Date | 01/05/19 | 01/07/20 | 18/05/21 | 16/05/22 | 03/05/23 | 02/05/24 |
1PHP in Million2PHP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 764 | 256 | 242 | 35.1 | 171 | 196 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6414 x | 1.428 x | -3.783 x | 3.893 x | 2.06 x | 1.102 x |
| Free Cash Flow 1 | 693 | 199 | 55.8 | 165 | -503 | -27.6 |
| ROE (net income / shareholders' equity) | 15.6% | 7.93% | 2.71% | 5.1% | 2.38% | 5.26% |
| ROA (Net income/ Total Assets) | 10.8% | 0.97% | -0.81% | -0.12% | 0.62% | 1.4% |
| Assets 1 | 5,270 | 34,992 | -15,445 | -2,11,434 | 19,423 | 20,823 |
| Book Value Per Share 2 | 7.650 | 9.150 | 8.910 | 10.20 | 9.790 | 11.20 |
| Cash Flow per Share 2 | 0.7000 | 0.8800 | 0.7500 | 0.5700 | 0.6800 | 0.3000 |
| Capex 1 | 14.1 | 13.6 | 6.67 | 6.64 | 7.05 | 2.93 |
| Capex / Sales | 0.69% | 1.63% | 3.3% | 2.23% | 2.44% | 0.71% |
| Announcement Date | 01/05/19 | 01/07/20 | 18/05/21 | 16/05/22 | 03/05/23 | 02/05/24 |
1PHP in Million2PHP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -23.28% | 42.31M | |
| +26.10% | 25.63B | |
| -5.18% | 25.02B | |
| +12.44% | 24.45B | |
| -20.01% | 24.35B | |
| -1.45% | 19.73B | |
| +27.10% | 19.68B | |
| +2.27% | 19.18B | |
| +50.31% | 17.08B | |
| -6.67% | 15.09B |
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