Philippines
No. 1 in Philippine Power, No. 2 on Profitable Growth
Manila Electric Company (MER) is the largest distributor of electricity in the Philippines. Approximately 72% of Luzon island’s power sales and about 55% of the Philippines’ total power sales comes from MER. Profitable Growth at MER has consistently ranked at #2.
Read MorePhilippine Conglomerate with Great Profitability
DMCI Holdings Incorporated is a major Philippines-based conglomerate with power, construction, real estate and the largest coal mine in the country. The company’s Profitable Growth has persistently ranked at #2 over the years, which is in the top 292 out of 1,460 large Industrials companies worldwide.
Read MoreConglomerate with Big Exposure to Philippine Consumers
San Miguel Corporation is one the largest conglomerates in the Philippines with operation in beverage, food, and power among others. The company’s largest revenue contributor is its fuel and oil segment through Petron Corporation (PCOR PM). Profitable Growth has been poor after 2013 and ranked at #9 in the past 12 months.
Read MorePhilippines Appears Expensive and Relatively Unattractive
Overall, the Philippines appears relatively unattractive in Asia. But the Consumer Discretionary sector went up by 312% and Info Tech went up by 118% in the past 90 days. What happened?
Read MoreCentury Pacific Food Inc. – Fan Request
Philippines on Demand: A fan requested to see the World Class Benchmarking of Century Pacific Food Inc., so here it is. Profitable Growth has fallen to #3 from #1 in 2014. CNPF ranked among the top 171 out of 570 medium Consumer Staples companies.
Read MoreThe Philippines Offers a Fast Growing Economy with Expensive Stocks to Boot
At 6.6%, The Philippines has the second fastest GDP growth in Asia (only India’s is faster). Overall, it’s a moderately attractive market in Asia. The Philippines totes the highest valuation in Asia on a price-to-earnings basis at 21x in 2017CE*.
Read MoreSemirara Mining & Power Corp. – Fan Request
Philippines on Demand: A fan requested to see the World Class Benchmarking of Semirara Mining & Power Corp., so here it is. Profitable Growth has been World Class since 2013, driven by a very high Profit margin.
Read MoreExcellent Profit Margin at Container Terminal Operator
International Container Terminal Services, Inc. (ICT), is an international operator of common user container terminals and serves the global container shipping industry. Profitable Growth for ICT has dropped to the average rank from #3 in 2013.
Read MoreThe Philippines: Solid Fundamentals but Still Expensive
Overall, The Philippines is moderately attractive in Asia considering all our four elements: Fundamentals, Valuation, Momentum, and Risk. It remains expensive on a PE basis, especially considering the relatively slow EPS growth
Read MorePhilippine-listed Companies Pay 8% for the Funds Used to Run Their Businesses
WACC Survey: Our recent survey shows that the average Philippine-listed company pays 8.2% for the money it uses to run its business, also referred to as WACC. About 30% of these funds come from borrowing.
Read More