Company Valuation: Ayala Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 514,974 430,304 422,089 373,534 290,177 317,654 - -
Change - -16.44% -1.91% -11.5% -22.32% 9.47% - -
Enterprise Value (EV) 1 929,689 905,743 926,894 997,510 927,360 948,247 974,409 981,314
Change - -2.58% 2.34% 7.62% -7.03% 2.25% 2.76% 0.71%
P/E 19.6x 16.5x 11.6x 9.26x 4.94x 6.39x 5.44x 4.65x
PBR 1.42x 1.26x 1.14x 0.92x 0.72x 0.58x 0.53x 0.48x
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 1.01x 0.82x 0.75x
EV / Revenue 4.12x 3.43x 3.2x 3.06x 2.75x 3.02x 2.5x 2.3x
EV / EBITDA 25.6x 26.4x 22.1x 18.8x 14.7x 12.4x 11.5x 10.8x
EV / EBIT 47.9x 48.6x 33.8x 27.7x 20.5x 18x 15.7x 14.6x
EV / FCF -28.8x -26.7x -21.8x -16.9x -53x 22.1x 23.5x 19.2x
FCF Yield -3.47% -3.75% -4.6% -5.92% -1.89% 4.53% 4.25% 5.21%
Dividend per Share 2 6.92 6.92 7.62 8.38 9.21 9.21 10.48 11.27
Rate of return 0.83% 1% 1.12% 1.4% 1.97% 1.8% 2.05% 2.2%
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% 11.5% 11.1% 10.2%
Net sales 1 225,592 263,820 289,905 325,744 336,886 314,343 389,736 426,174
EBITDA 1 36,248 34,297 41,907 53,160 63,253 76,168 84,556 90,619
EBIT 1 19,396 18,625 27,426 35,968 45,311 52,758 62,198 67,032
Net income 1 27,774 27,398 38,073 42,026 61,428 52,640 60,614 72,755
Net Debt 1 414,715 475,439 504,805 623,976 637,182 630,593 656,755 663,660
Reference price 2 831.00 695.00 681.00 599.00 468.00 512.00 512.00 512.00
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.($)
16.39x5.15x13.85x3.09% 46.7B
9x1.53x8x3.95% 31.14B
18.3x4.04x16.3x1.34% 28.1B
5.55x0.68x1.43x9.01% 26.71B
14x3.1x14.84x2.51% 25.6B
11.15x2.12x9.92x3.98% 21.13B
8.15x0.9x3.29x2.74% 20.84B
10.59x1.68x14.51x3.57% 19.32B
13.56x6.56x17.49x1.58% 19.66B
Average 11.85x 2.86x 11.07x 3.53% 26.58B
Weighted average by Cap. 12.30x 3.03x 11.18x 3.56%

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