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Aboitiz Equity Ventures, Inc.
#31
ABOITIZ EQUITY VENTURES, INC. – AEV

CURRENT PRICE = PhP 48.50


P/E RATIO TEST:

2009 Earnings-per-share = 1.494
2010 Earnings-per-share = 3.9600
2011 Earnings-per-share = 3.8380
2012 1H Earnings-per-share = 2.1390

Average earnings-per-share (based on the past 3 years and 2 quarters) = 3.3925
Average price earnings ratio (based on the past 3 years and 2 quarters) = 14.30

Benjamin Graham recommends current price no more than 15 times average earnings over the past three years.
This company has low price earnings ratio.
This issue passed Graham’s price-earnings ratio test.


PRICE-TO-BOOK RATIO TEST:

Total Equity = PhP 97,169,966,000
Outstanding Shares = 5,521,871,821
Book-Value per Share = PhP 17.60
Price-to-Book ratio (PB) = 2.76

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


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

Current Asset = PhP 60,452,116,000
Total Liabilities = PhP 108,848,292,000
Net Working Capital = PhP (48,396,176,000)
Current Asset to Total Liabilities ratio = 0.56

* 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).

Total liabilities is greater than the current asset.
Graham recommends issues with positive net-working-capital.
This issue failed Graham’s net-working-capital or “RARE BARGAIN” test.


GRAHAM’S “BLENDED MULTIPLIER” TEST:

P/E = 14.30
P/B = 2.76
P/E*P/B = 39.40

Stock is overvalued.
Graham suggests that the product of P/E and P/B should not exceed 22.5.
This issue failed Graham’s “blended multiplier” test.


LIMITATION OF THE ANALYSIS:

Analysis does not include earnings stability, dividend records, earnings growth and futures earnings (or forward P/E ratio).


REFERENCE:
http://www.pse.com.ph/resource/corpt/201...un2012.pdf
http://www.pse.com.ph/resource/corpt/201...ec2011.pdf

stop muna ako baka ma-consider na spamming na ako
If You're So Smart, Why Aren't You Rich? - BATMAN The Animated Series: Season 1, Episode 41
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#32
stop muna ako baka ma-consider na spamming na ako
If You're So Smart, Why Aren't You Rich? - BATMAN The Animated Series: Season 1, Episode 41
Reply
#33
AEV to absorb Cebu-based property affiliate
By: Krista Angela M. Montealegre, InterAksyon.com
September 28, 2012 9:03 AM

MANILA - Aboitiz Equity Ventures Inc. is set to gain full ownership of a Cebu-based property affiliate.

In a disclosure to the Philippine Stock Exchange, AEV said its board of directors approved a proposal to purchase 100 percent of Aboitiz Land Inc. for P3.2 billion.

The transaction is targeted for completion within two months upon the execution of the share purchase agreement and other collateral contracts.

x x x

http://www.interaksyon.com/business/4424...-affiliate
“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.”
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#34
[Image: AEV12-3-12.jpg]
Sa tinagal tagal ng tulog, nagising din.
Hopefully gising na talaga ito at di lang sumilip sa oras at matutulog ulit.
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#35
parang walang masyadong pumapansin nito.... i bump ko nga..
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#36
(08-21-2012, 04:52 PM)BASURERO Wrote: stop muna ako baka ma-consider na spamming na ako


sige lang Blush di yan spamming.
buy high, sell higher!

stock market abbreviations (for newbies)
http://www.stockmarketpilipinas.com/post...g#pid11738

"when it comes to trading, i'm just barely smart enough to realize that i'm a total idiot. i might be considered stupid, but on the intelligence scale, it puts me comfortably ahead of all the dumber people who thinks they're better than me."


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#37
i noticed yesterday buy nang buy si CLSA, JP, MACQ

MACD set-up na set-up na, lets see ano galaw nya for the rest of april.
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#38
yahooo Smile
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#39
mukhang masaya ka LaMachina. dami mo ba na-accumulate?

:-)
"A man should look for what is, and not for what he thinks should be." - Albert Einstein
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#40
kulang 25% sa planned ko pro ok narin.. kasi eto lang pasaway sa port ko Big Grin
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