Stock AP ABOITIZ POWER CORPORATION
Add to a list
To use this feature you must be a member
Log inSign up

Financials Aboitiz Power Corporation

Equities

AP

PHY0005M1090

Independent Power Producers

End-of-day quote Philippines S.E.
Other stock markets
 23:00:00 03/07/2024 BST 		5-day change 1st Jan Change
32.65 PHP -1.06% Intraday chart for Aboitiz Power Corporation -4.95% -13.62%
06-25 Aboitiz Power Corporation Announces Board and Committee Changes CI
05-16 Aboitiz Power Corporation (PSE:AP) completed the acquisition of 15.6% stake in STEAG State Power Inc. from STEAG GmbH. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 251,664 195,371 218,551 250,560 272,381 235,271 - -
Enterprise Value (EV) 1 447,327 384,999 395,858 434,193 454,988 429,758 417,261 406,695
P/E ratio 14.6 x 15.5 x 10.5 x 9.1 x 8.36 x 7.7 x 7.14 x 7.23 x
Yield 4.3% 4.44% 2.86% 5.49% 6.08% 6.76% 6.68% 6.76%
Capitalization / Revenue 2 x 1.77 x 1.99 x 1.29 x 1.32 x 1.16 x 1.11 x 1.1 x
EV / Revenue 3.56 x 3.49 x 3.6 x 2.24 x 2.2 x 2.12 x 1.97 x 1.9 x
EV / EBITDA 10.4 x 8.86 x 7.85 x 7.78 x 6.7 x 8.84 x 7.73 x 9.23 x
EV / FCF 220 x 14.6 x 14.1 x 20.5 x 14.6 x 21.3 x 12.7 x 11.1 x
FCF Yield 0.45% 6.84% 7.08% 4.88% 6.83% 4.69% 7.85% 9.03%
Price to Book 2 x 1.54 x 1.48 x 1.46 x 1.54 x 1.21 x 1.15 x 1.1 x
Nbr of stocks (in thousands) 7,358,604 7,358,604 7,358,604 7,358,604 7,205,854 7,205,854 - -
Reference price 2 34.20 26.55 29.70 34.05 37.80 32.65 32.65 32.65
Announcement Date 12/03/20 09/03/21 09/03/22 19/03/23 12/03/24 - - -
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 125,635 110,377 110,043 193,994 207,100 202,702 212,117 213,495
EBITDA 1 43,032 43,452 50,401 55,813 67,914 48,624 53,962 44,073
EBIT 1 30,082 32,426 39,115 43,960 31,785 36,961 36,370 32,364
Operating Margin 23.94% 29.38% 35.55% 22.66% 15.35% 18.23% 17.15% 15.16%
Earnings before Tax (EBT) 1 23,397 20,883 24,656 32,712 43,742 39,888 43,320 43,042
Net income 1 17,323 12,578 20,837 27,535 33,102 31,202 33,663 33,244
Net margin 13.79% 11.4% 18.94% 14.19% 15.98% 15.39% 15.87% 15.57%
EPS 2 2.350 1.710 2.830 3.740 4.520 4.240 4.575 4.516
Free Cash Flow 1 2,029 26,353 28,045 21,199 31,077 20,140 32,737 36,713
FCF margin 1.62% 23.88% 25.49% 10.93% 15.01% 9.94% 15.43% 17.2%
FCF Conversion (EBITDA) 4.72% 60.65% 55.64% 37.98% 45.76% 41.42% 60.67% 83.3%
FCF Conversion (Net income) 11.72% 209.52% 134.59% 76.99% 93.88% 64.55% 97.25% 110.43%
Dividend per Share 2 1.470 1.180 0.8500 1.870 2.300 2.206 2.181 2.207
Announcement Date 12/03/20 09/03/21 09/03/22 19/03/23 12/03/24 - - -
1PHP in Million2PHP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 16,441 - 58,101 48,741 57,523 48,375 49,481 45,816 45,816 42,679 50,101
EBITDA - - - - - - - - - - -
EBIT 1 9,237 - 11,469 12,760 9,880 7,945 9,686 8,968 8,968 8,373 9,829
Operating Margin 56.18% - 19.74% 26.18% 17.18% 16.42% 19.57% 19.57% 19.57% 19.62% 19.62%
Earnings before Tax (EBT) 1 6,024 - 9,210 9,779 13,149 11,241 9,893 9,160 9,160 9,641 11,317
Net income 1 5,150 - 8,024 7,527 10,288 8,922 7,088 6,563 6,563 6,768 7,945
Net margin 31.32% - 13.81% 15.44% 17.89% 18.44% 14.32% 14.32% 14.32% 15.86% 15.86%
EPS 2 0.7000 - 1.090 1.020 1.400 1.240 0.9632 0.8918 0.8918 0.9198 1.080
Dividend per Share 2 0.8500 - 1.870 - - - - - 1.784 - -
Announcement Date 09/03/22 27/04/22 19/03/23 16/05/23 14/08/23 15/11/23 - - - - -
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 195,663 189,628 177,307 183,633 182,606 194,487 181,990 171,424
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.547 x 4.364 x 3.518 x 3.29 x 2.689 x 4 x 3.373 x 3.89 x
Free Cash Flow 1 2,029 26,353 28,045 21,199 31,077 20,140 32,737 36,713
ROE (net income / shareholders' equity) 14% 9.38% 15.1% 16.6% 18.3% 16.3% 15.8% 14.9%
ROA (Net income/ Total Assets) 4.33% 3.11% 5.05% 5.85% 6.64% 6.33% 7.73% 8.88%
Assets 1 400,069 404,197 412,663 470,324 498,835 492,696 435,605 374,330
Book Value Per Share 2 17.10 17.30 20.10 23.30 24.60 26.90 28.50 29.70
Cash Flow per Share 2 5.350 4.320 4.940 4.650 6.870 5.890 6.050 6.950
Capex 1 37,328 5,429 8,282 13,014 19,192 19,090 18,192 18,025
Capex / Sales 29.71% 4.92% 7.53% 6.71% 9.27% 9.42% 8.58% 8.44%
Announcement Date 12/03/20 09/03/21 09/03/22 19/03/23 12/03/24 - - -
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

Ratings for Aboitiz Power Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
32.65 PHP
Average target price
43.74 PHP
Spread / Average Target
+33.98%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Fossil Fuel IPPs

1st Jan change Capi.
ABOITIZ POWER CORPORATION Stock Aboitiz Power Corporation
-13.62% 4.05B
HUANENG POWER INTERNATIONAL, INC. Stock Huaneng Power International, Inc.
+41.30% 18.28B
JSW ENERGY LIMITED Stock JSW Energy Limited
+77.23% 15.31B
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD. Stock Zhejiang Zheneng Electric Power Co., Ltd.
+65.29% 14.04B
GULF ENERGY DEVELOPMENT Stock Gulf Energy Development
-8.99% 12.89B
SHAANXI ENERGY INVESTMENT CO., LTD. Stock Shaanxi Energy Investment Co., Ltd.
+40.23% 6.27B
JIANGSU GUOXIN CORP. LTD. Stock Jiangsu Guoxin Corp. Ltd.
+18.72% 4.07B
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD. Stock Guangdong Electric Power Development Co., Ltd.
+3.48% 3.34B
BEIJING JINGNENG POWER CO., LTD. Stock Beijing Jingneng Power Co., Ltd.
+13.85% 3.12B
GLOBAL POWER SYNERGY Stock Global Power Synergy
-20.10% 3.02B
Fossil Fuel IPPs
  1. Stock Market
  2. Equities
  3. AP Stock
  4. Financials Aboitiz Power Corporation