SMP WILL BE SWITCHED OFF SOON, THANK YOU FOR YOUR SUPPORT

Holcim Philippines, Inc.
#31
Doji candlestick pa today... not a good sign for now. If red ito possible Bearish Abandoned Baby Candlestick Pattern.
Reply
#32
up ko lng mga SMPIPs...kumusta fundamentals nito? fundamentalists out there? please? i think this stock will benefit from increase in government spending on PPPs.
Reply
#33
up ko lang sir kc biglang up. volume up din.
Reply
#34
HOLCIM PHILIPPINES, INC. – HLCM

CURRENT PRICE = PhP 12.92 (as of 090712)


P/E RATIO TEST:

2009 Earnings-per-share = PhP 0.4800
2010 Earnings-per-share = PhP 0.6000
2011 Earnings-per-share = PhP 0.3100
2012 1H Earnings-per-share = PhP 0.3130

Average earnings-per-share (based on the past 3 years and 2 quarters) = PhP 0.5040
Average price earnings ratio (based on the past 3 years and 2 quarters) = 25.63

Benjamin Graham recommends current price no more than 15 times average earnings (should be positive) over the past three years. This issue failed Graham’s price-earnings ratio test.

However, threshold value, P/E <15 should be taken as arbitrary level. Ratios do not tell us the whole story by itself. It is more useful to compare the ratios of one company to other companies in the same industry.


PRICE-TO-BOOK RATIO TEST:

Total Equity = PhP 19,125,263,000
Outstanding Shares = 6,452,099,144
Book-Value per Share = PhP 2.96
Price-to-Book ratio (PB) = 4.36

Graham recommends that current price should not be more than 1.5 times the book value last reported.
This issue failed Graham’s price-to-book ratio test.

However, Threshold value, P/B <1.5 should be taken as arbitrary level. Ratios do not tell us the whole story by itself. It is more useful to compare the ratios of one company to other companies in the same industry.


NET-WORKING-CAPITAL OR “RARE BARGAIN” TEST:

Current Asset = PhP 6,154,126,000
Total Liabilities = PhP 6,083,948,000
Net Working Capital = PhP 70,178,000
Current Asset to Total Liabilities ratio = 1.01

* By “net-working-capital”, Graham means current assets (such as cash, marketable securities, and inventories) minus total liabilities (including preferred stock and long-term debt).

Current asset is greater than total liabilities.
Graham recommends issues with positive net-working-capital.
This issue passed Graham’s net-working-capital or “RARE BARGAIN” test.

Likewise, equity is greater than total liabilities.
Total liabilities to equity ratio = 0.32
This company is relatively low leveraged (not so burdened with debt).


GRAHAM’S “BLENDED MULTIPLIER” TEST:

P/E = 25.63
P/B = 4.36
P/E*P/B = 111.73

Graham suggests that the product of P/E and P/B should not exceed 22.5 (should be positive).
This issue failed Graham’s “blended multiplier” test.

However, threshold value, P/E*P/B <22.5 should be taken as arbitrary level. Ratios do not tell us the whole story by itself. It is more useful to compare the ratios of one company to other companies in the same industry.


LIMITATION OF THE ANALYSIS:

1. EPS calculation does not isolate “other income” and “extra-ordinary income”.
2. Analysis does not cover earnings stability, dividend records, earnings growth and futures earnings (or forward P/E ratio).
3. For future plans and prospects, read below reference.


REFERENCE:

http://www.pse.com.ph/resource/corpt/201...un2012.pdf
http://www.pse.com.ph/resource/corpt/201...ec2011.pdf
http://www.holcim.com.ph/uploads/PH/HOLC...Ground.pdf

If You're So Smart, Why Aren't You Rich? - BATMAN The Animated Series: Season 1, Episode 41
Reply
#35
Holcim to jack up production by a fourth after 9-month profit grows 22.5 percent
By: Ben Arnold O. De Vera, InterAksyon.com
October 30, 2012 4:22 PM

MANILA - Holcim Philippines Inc will jack up its production capacity by a fourth through a new line in its Bulacan facility to serve the projected growth in the demand for cement.

In a briefing on Tuesday, Holcim Philippines chief operating officer Roland van Wijnen said the company will embark on a $350-450 million expansion in Norzagaray to churn out an additional 2-2.4 million tons of cement per year. The new integrated plant will be up and running in 2016.

Holcim chose to expand in Bulacan as the province is "logistically the closest to our main market," van Wiljen said, referring to Metro Manila.

Full article here: http://www.interaksyon.com/business/4684...-5-percent
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Reply
#36
Buy na po ba ang recommendation nitp?
Mustard sized faith, I believe.

Objective for 2013: Clean and green!


Proud to be a Davaeno!


Add me up:
cracker.oats@yahoo.com
crackeroats.wordpress.com
Reply
#37
Mahirap basahin pa galaw nito bro cracker.oats. Medyo tagilid din yung fundamentals nya per Sir BASURERO's analyses. Saka parang walang masyadong volume sa trades. Ewan ko lang din. Maybe some of our SMP brothers and sisters can enlighten us.

Just my humble take.
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Reply
#38
this link might help and give us a peek of what holcim and other cement companies will make this year. http://www.census.gov.ph/content/constru...ry-results
and meron pa tayong mga PPP... baka cemento din dividend nito next year Smile)
LOL
Reply
#39
Thanks for the link bro milk and honey winking
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Reply
#40
IF, most of the property companies buy their cement from this company, i don't see why this stock won't have a bright future.
One person gives freely, yet gains even more; another withholds unduly, but comes to poverty. Proverbs 11:24
Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)