Company Valuation: Ayala Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 514,974 430,304 422,089 373,534 290,177 314,552 - -
Change - -16.44% -1.91% -11.5% -22.32% 8.4% - -
Enterprise Value (EV) 1 929,689 905,743 926,894 997,510 927,360 957,779 971,307 978,212
Change - -2.58% 2.34% 7.62% -7.03% 3.28% 1.41% 0.71%
P/E 19.6x 16.5x 11.6x 9.26x 4.94x 6.33x 5.39x 4.6x
PBR 1.42x 1.26x 1.14x 0.92x 0.72x 0.57x 0.52x 0.47x
PEG - -17.5x 0.3x 0.9x 0.1x -0.4x 0.3x 0.3x
Capitalization / Revenue 2.28x 1.63x 1.46x 1.15x 0.86x 0.89x 0.81x 0.74x
EV / Revenue 4.12x 3.43x 3.2x 3.06x 2.75x 2.7x 2.49x 2.3x
EV / EBITDA 25.6x 26.4x 22.1x 18.8x 14.7x 12x 11.5x 10.8x
EV / EBIT 47.9x 48.6x 33.8x 27.7x 20.5x 16.4x 15.6x 14.6x
EV / FCF -28.8x -26.7x -21.8x -16.9x -53x 7.1x 23.4x 19.1x
FCF Yield -3.47% -3.75% -4.6% -5.92% -1.89% 14.1% 4.27% 5.23%
Dividend per Share 2 6.92 6.92 7.62 8.38 9.21 9.962 10.48 11.27
Rate of return 0.83% 1% 1.12% 1.4% 1.97% 1.96% 2.07% 2.22%
EPS 2 42.42 42.02 58.64 64.69 94.72 80.07 94.1 110.2
Distribution rate 16.3% 16.5% 13% 13% 9.72% 12.4% 11.1% 10.2%
Net sales 1 225,592 263,820 289,905 325,744 336,886 354,948 389,736 426,174
EBITDA 1 36,248 34,297 41,907 53,160 63,253 79,852 84,556 90,619
EBIT 1 19,396 18,625 27,426 35,968 45,311 58,278 62,198 67,032
Net income 1 27,774 27,398 38,073 42,026 61,428 59,077 60,614 72,755
Net Debt 1 414,715 475,439 504,805 623,976 637,182 643,228 656,756 663,660
Reference price 2 831.00 695.00 681.00 599.00 468.00 507.00 507.00 507.00
Nbr of stocks (in thousands) 619,704 619,143 619,807 623,597 620,037 620,418 - -
Announcement Date 3/11/22 3/10/23 3/13/24 3/13/25 3/13/26 - - -
1PHP in Million2PHP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.97x4.54x12.2x3.62% 39.78B
17.85x3.95x15.88x1.37% 27.69B
5.75x0.77x1.62x8.61% 27.96B
13.72x3.07x14.71x2.55% 25.46B
7.79x1.41x7.78x4.54% 26.03B
8.17x0.91x3.3x2.73% 20.9B
10.25x2.01x8.28x4.1% 20.6B
13.01x6.39x16.79x1.67% 18.75B
38.15x13.96x35.15x3.11% 18.41B
Average 14.30x 4.11x 12.86x 3.59% 25.06B
Weighted average by Cap. 13.70x 3.83x 12.19x 3.71%

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

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  5. Valuation Ayala Corporation
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