Financials Makati Finance Corporation

Equities

MFIN

PHY5419Q1095

Consumer Lending

End-of-day quote Philippines S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
1.42 PHP 0.00% Intraday chart for Makati Finance Corporation -11.25% -25.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 632.2 652.1 718.8 669.6 632.8 516.7
Enterprise Value (EV) 1 1,036 1,327 1,357 1,197 1,082 1,024
P/E ratio 67.3 x 27.4 x 67.4 x 68.7 x 35.4 x 39.8 x
Yield 0.22% 0.5% 0.23% 0.22% 0.42% -
Capitalization / Revenue 4.86 x 4.61 x 6.45 x 5.11 x 5.67 x 4.43 x
EV / Revenue 7.96 x 9.38 x 12.2 x 9.14 x 9.69 x 8.77 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.24 x 1.25 x 1.35 x 1.23 x 1.12 x 0.9 x
Nbr of stocks (in thousands) 271,962 271,962 271,962 271,962 271,962 271,962
Reference price 2 2.325 2.398 2.643 2.462 2.327 1.900
Announcement Date 4/16/19 6/22/20 5/19/21 5/17/22 4/19/23 4/16/24
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 130.2 141.4 111.5 131 111.7 116.8
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 18.65 34.41 17.57 25 23.41 17.26
Net income 1 9.174 21.71 10.83 9.704 17.85 12.92
Net margin 7.05% 15.35% 9.71% 7.41% 15.98% 11.07%
EPS 2 0.0345 0.0877 0.0392 0.0358 0.0658 0.0478
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.005100 0.0120 0.006000 0.005400 0.009800 -
Announcement Date 4/16/19 6/22/20 5/19/21 5/17/22 4/19/23 4/16/24
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 404 675 639 528 449 507
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 1.81% 4.21% 2.05% 1.81% 3.23% 2.28%
ROA (Net income/ Total Assets) 0.92% 1.85% 0.82% 0.77% 1.53% 1.14%
Assets 1 995.2 1,172 1,324 1,263 1,163 1,135
Book Value Per Share 2 1.870 1.920 1.950 1.990 2.070 2.100
Cash Flow per Share 2 0.2200 0.2300 0.2700 0.2700 0.1300 0.0800
Capex 1 0.61 6.51 0.9 5.93 0.68 2.08
Capex / Sales 0.47% 4.6% 0.81% 4.52% 0.61% 1.78%
Announcement Date 4/16/19 6/22/20 5/19/21 5/17/22 4/19/23 4/16/24
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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