Financials Robinsons Land Corporation

Equities

RLC

PHY731961264

Real Estate Development & Operations

End-of-day quote Philippines S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15.2 PHP -1.30% Intraday chart for Robinsons Land Corporation +0.66% -4.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 143,090 110,109 99,375 75,635 77,136 73,555 - -
Enterprise Value (EV) 1 179,237 149,709 127,768 118,516 77,136 118,460 117,718 115,588
P/E ratio 16.5 x 21 x 12.4 x 7.83 x 6.48 x 5.68 x 5.31 x 4.44 x
Yield 1.81% 1.18% 2.6% 3.34% - 4.11% 4.79% 5.07%
Capitalization / Revenue 4.68 x 4.34 x 2.72 x 1.66 x 1.84 x 1.61 x 1.46 x 1.33 x
EV / Revenue 5.86 x 5.89 x 3.5 x 2.6 x 1.84 x 2.6 x 2.34 x 2.09 x
EV / EBITDA 10.4 x 10.9 x 8.54 x 6.13 x 3.38 x 4.82 x 4.46 x 4.12 x
EV / FCF 26.9 x 98.2 x -26 x 590 x - 12.1 x 28.7 x 22.6 x
FCF Yield 3.72% 1.02% -3.84% 0.17% - 8.24% 3.48% 4.42%
Price to Book 1.44 x 1.08 x 0.79 x 0.58 x - 0.5 x 0.48 x 0.43 x
Nbr of stocks (in thousands) 5,193,831 5,193,831 5,175,763 5,055,841 4,839,141 4,839,141 - -
Reference price 2 27.55 21.20 19.20 14.96 15.94 15.20 15.20 15.20
Announcement Date 3/2/20 3/2/21 3/9/22 3/9/23 3/25/24 - - -
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,584 25,400 36,539 45,503 42,018 45,597 50,392 55,379
EBITDA 1 17,249 13,680 14,961 19,350 22,821 24,601 26,400 28,084
EBIT 1 12,283 8,490 9,710 14,110 17,336 18,447 20,095 20,976
Operating Margin 40.16% 33.43% 26.57% 31.01% 41.26% 40.46% 39.88% 37.88%
Earnings before Tax (EBT) 1 11,507 7,006 8,480 13,059 15,222 17,663 18,847 20,904
Net income 1 8,690 5,260 8,500 9,750 12,062 13,416 14,235 16,565
Net margin 28.41% 20.71% 23.26% 21.43% 28.71% 29.42% 28.25% 29.91%
EPS 2 1.670 1.010 1.550 1.910 2.460 2.675 2.862 3.423
Free Cash Flow 1 6,663 1,524 -4,907 200.7 - 9,761 4,102 5,107
FCF margin 21.79% 6% -13.43% 0.44% - 21.41% 8.14% 9.22%
FCF Conversion (EBITDA) 38.63% 11.14% - 1.04% - 39.68% 15.54% 18.19%
FCF Conversion (Net income) 76.67% 28.97% - 2.06% - 72.76% 28.82% 30.83%
Dividend per Share 2 0.5000 0.2500 0.5000 0.5000 - 0.6248 0.7287 0.7709
Announcement Date 3/2/20 3/2/21 3/9/22 3/9/23 3/25/24 - - -
1PHP in Million2PHP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 4,913 5,658 - - - 9,740 9,280 10,354 10,575 11,809 - - - - -
EBITDA 2,690 3,162 - - - 5,132 - - 5,795 6,157 - - - - -
EBIT 1,424 1,714 - - - 3,865 - - 4,402 4,685 - - - - -
Operating Margin 28.99% 30.28% - - - 39.68% - - 41.63% 39.67% - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 887.6 2,168 - - - 3,011 - - 3,057 3,249 - - - - -
Net margin 18.07% 38.31% - - - 30.92% - - 28.91% 27.52% - - - - -
EPS 0.1700 0.3300 - - - 0.5900 - - 0.6300 0.6700 - - - - -
Dividend per Share 1 - 0.5000 - - - - - - - - - 0.7363 - - -
Announcement Date 11/8/21 3/9/22 5/16/22 8/15/22 11/10/22 3/9/23 5/9/23 8/11/23 11/10/23 3/25/24 - - - - -
1PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 36,147 39,600 28,393 42,881 - 44,905 44,163 42,033
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.096 x 2.895 x 1.898 x 2.216 x - 1.825 x 1.673 x 1.497 x
Free Cash Flow 1 6,663 1,524 -4,907 201 - 9,761 4,102 5,107
ROE (net income / shareholders' equity) 9% 5% 7.3% 7.64% - 9.58% 9.42% 9.65%
ROA (Net income/ Total Assets) 4.78% 2% 3.83% 4.32% - 6.81% 5.84% 6.83%
Assets 1 181,983 263,000 221,649 225,693 - 197,035 243,788 242,406
Book Value Per Share 2 19.20 19.60 24.40 25.60 - 30.10 32.00 35.10
Cash Flow per Share 2 3.490 2.440 2.520 2.300 - 5.900 4.620 4.840
Capex 1 11,467 11,154 18,000 11,544 - 18,768 11,121 18,308
Capex / Sales 37.49% 43.92% 49.26% 25.37% - 41.16% 22.07% 33.06%
Announcement Date 3/2/20 3/2/21 3/9/22 3/9/23 3/25/24 - - -
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
15.2 PHP
Average target price
23.89 PHP
Spread / Average Target
+57.15%
Consensus
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  4. Financials Robinsons Land Corporation