Philippines
Philippine-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 MorePhilippine D&L Industries Remains World Class
D&L Industries Incorporated is a Philippines-based company doing product customization and specialization in food, plastics and aerosols. Profitable Growth has been World Class for most of the last five years, except for a dip to #2 in 2013.
Read MorePhilippines: Strongest ‘Buy’ in Asia
We can see that the bottom-up country relative consensus recommendation is currently a maximum level “Buy” for the Philippines. The consensus EPS growth estimates have been stable over the last five years at about 11% on average.
Read MoreThe Philippines: Falling from Grace
High growth remains a feature of The Philippines’ economy, however, strong private consumption and investment have been greatly reduced by a severe trade deficit. The country has the highest valuation in Asia.
Read MoreA Telecom in Tough Waters
PLDT Incorporated (TEL) provides Filipinos with telecommunications services, fiber-optic backbones, fixed-line and cellular networks operating in three business groups: fixed-line, wireless and others.
Profitable Growth has fallen to #7 from #3 over the last five years. TEL now only ranks better than 42 of 140 large Telecom companies.
Read MoreFamily-Run Philippine Home Builder Remains Consistent
Manuel Paolo Villar has kept Profitable Growth at a stable ranking of #4 for the company.
Vista Land & Lifescapes Incorporated is a Philippine-based home builder and property developer. With more than 300,000 homes built and a land bank of over 2,400 hectares, 76% of which is in Mega Manila.
Read MoreCornering the Filipino Food Market
Universal Robina Corporation (URC) is a Philippines-based food producer with a more than 40% share of the domestic market. Profitable Growth has remained World Class since 2013, when Gokongwei took over. URC ranks among the best 59 large consumer staples companies globally.
Read MoreRiding the Real Estate Wave of Business Process Outsourcing
Megaworld Corporation is the Philippines’s top residential condo developer by unit sales, and supplies mainly mid-range high-rise blocks.
The company has built a wide range of mixed-use real estate developments in Metro Manila. It is also the largest office leasing company for BPO locations.
Read MoreA Legacy Utility Looks for Growth
Meralco remains profitable but growth losing steam.
Founded in 1903, Manila Electric Company is the largest distributor of electricity in the Philippines generating and distributing power to more than 5.5m commercial, industrial and residential customers.
Read MoreFinancial Recovery is Possible After Nickel Price Rebound
Nickel Asia Corporation is one of the world’s top suppliers of lateritic nickel ore. Profitable Growth has been falling with nickel prices since 2014.
As nickel prices have recovered in 2016, up 25% YTD, it’s now up to CEO Gerard Brimo to show that he can improve the company’s rank.
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