Company Valuation: Acen Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 421,474 302,342 173,787 158,710 108,668 109,067 - -
Change - -28.27% -42.52% -8.68% -31.53% 0.37% - -
Enterprise Value (EV) 1 438,794 331,476 221,726 281,562 267,244 287,051 306,971 312,799
Change - -24.46% -33.11% 26.99% -5.09% 7.41% 6.94% 1.9%
P/E 61.1x 23.1x 24.3x 21.1x 54.4x 13.1x 11.9x 11.9x
PBR 4.79x 2.02x 1.21x 1.08x 0.71x 0.72x 0.68x 0.65x
PEG - 0.3x -0.5x 3.8x -0.7x 0x 1.2x 136.49x
Capitalization / Revenue 16.2x 8.58x 4.76x 4.25x 3.39x 2.81x 2.52x 2.09x
EV / Revenue 16.8x 9.41x 6.07x 7.55x 8.35x 7.41x 7.1x 5.99x
EV / EBITDA 115x -496x -197x 50.7x 98.3x 28.4x 21.9x 18.1x
EV / EBIT 240x -116x -82.1x 95.2x -241x 53.7x 36.3x 28.5x
EV / FCF -183x -18x -9.8x -13.4x -15.7x -10.2x -28.7x -818x
FCF Yield -0.55% -5.56% -10.2% -7.45% -6.36% -9.85% -3.49% -0.12%
Dividend per Share 2 0.06 - 0.04 0.05 - 0.05 0.0697 0.0722
Rate of return 0.55% - 0.91% 1.25% - 1.83% 2.55% 2.65%
EPS 2 0.18 0.33 0.18 0.19 0.05 0.2079 0.2294 0.2296
Distribution rate 33.3% - 22.2% 26.3% - 24% 30.4% 31.5%
Net sales 1 26,081 35,239 36,499 37,300 32,022 38,751 43,237 52,224
EBITDA 1 3,832 -668.1 -1,128 5,551 2,719 10,123 14,024 17,288
EBIT 1 1,826 -2,847 -2,702 2,959 -1,108 5,348 8,451 10,957
Net income 1 5,251 13,055 7,396 9,360 3,775 8,309 9,120 9,131
Net Debt 1 17,320 29,135 47,939 122,852 158,577 177,984 197,903 203,732
Reference price 2 11.000 7.620 4.380 4.000 2.720 2.730 2.730 2.730
Nbr of stocks (in thousands) 38,315,838 39,677,395 39,677,395 39,677,395 39,951,435 39,951,435 - -
Announcement Date 3/9/22 3/8/23 3/12/24 3/25/25 3/9/26 - - -
1PHP in Million2PHP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.42x7.29x19.73x-.--% 41.75B
14.26x2.78x10.36x2.92% 33.25B
15.12x4.93x9.78x3.71% 17.08B
15.14x4.94x10.47x-.--% 14.11B
7.86x2.85x7.72x5.22% 12.47B
11.2x1.47x8.13x4.5% 7.97B
4.09x0.62x3.05x3.13% 7.65B
48.2x4.12x9.73x4.47% 6.96B
Average 18.41x 3.62x 9.87x 3% 17.65B
Weighted average by Cap. 19.91x 4.47x 12.29x 2.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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