Financials Philippine Savings Bank

Equities

PSB

PHY6954H1160

Banks

End-of-day quote Philippines S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
53.05 PHP -1.58% Intraday chart for Philippine Savings Bank -2.48% +0.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,968 22,029 23,307 24,544 24,118 22,624
Enterprise Value (EV) 1 13,394 30,005 -387 -24,172 -7,471 6,809
P/E ratio 5.62 x 7.16 x 21 x 15.9 x 6.56 x 4.99 x
Yield 4.82% 5.22% 5.49% 5.22% 5.31% 5.66%
Capitalization / Revenue 1.24 x 1.78 x 2.29 x 2.03 x 1.75 x 1.65 x
EV / Revenue 1.11 x 2.42 x -0.04 x -1.99 x -0.54 x 0.5 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.61 x 0.64 x 0.68 x 0.7 x 0.65 x 0.56 x
Nbr of stocks (in thousands) 267,689 426,861 426,859 426,859 426,859 426,859
Reference price 2 55.91 51.61 54.60 57.50 56.50 53.00
Announcement Date 05/03/19 23/03/20 17/03/21 18/03/22 21/03/23 19/03/24
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 12,090 12,387 10,171 12,116 13,818 13,706
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 2,972 3,579 1,091 3,266 4,797 4,889
Net income 1 2,662 3,028 1,108 1,539 3,678 4,531
Net margin 22.02% 24.45% 10.9% 12.71% 26.62% 33.06%
EPS 2 9.945 7.208 2.596 3.607 8.617 10.61
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 2.692 2.692 3.000 3.000 3.000 3.000
Announcement Date 05/03/19 23/03/20 17/03/21 18/03/22 21/03/23 19/03/24
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 7,976 - - - -
Net Cash position 1 1,573 - 23,693 48,717 31,588 15,814
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 11.4% 10.3% 3.21% 4.44% 10.2% 11.7%
ROA (Net income/ Total Assets) 1.15% 1.31% 0.5% 0.64% 1.4% 1.8%
Assets 1 230,529 231,330 222,176 240,621 263,121 251,432
Book Value Per Share 2 91.10 80.70 80.80 81.70 87.00 94.10
Cash Flow per Share 2 21.70 9.220 71.40 117.0 84.60 23.10
Capex 1 182 124 159 118 333 388
Capex / Sales 1.51% 1% 1.57% 0.97% 2.41% 2.83%
Announcement Date 05/03/19 23/03/20 17/03/21 18/03/22 21/03/23 19/03/24
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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