Company Valuation: Ayala Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 514,974 430,304 422,089 373,534 290,177 310,209 - -
Change - -16.44% -1.91% -11.5% -22.32% 6.9% - -
Enterprise Value (EV) 1 929,689 905,743 926,894 997,510 927,360 953,504 967,107 974,094
Change - -2.58% 2.34% 7.62% -7.03% 2.82% 1.43% 0.72%
P/E 19.6x 16.5x 11.6x 9.26x 4.94x 5.94x 5.31x 4.54x
PBR 1.42x 1.26x 1.14x 0.92x 0.72x 0.56x 0.51x 0.46x
PEG - -17.5x 0.3x 0.9x 0.1x -0.5x 0.5x 0.3x
Capitalization / Revenue 2.28x 1.63x 1.46x 1.15x 0.86x 0.87x 0.8x 0.73x
EV / Revenue 4.12x 3.43x 3.2x 3.06x 2.75x 2.69x 2.48x 2.29x
EV / EBITDA 25.6x 26.4x 22.1x 18.8x 14.7x 11.9x 11.4x 10.7x
EV / EBIT 47.9x 48.6x 33.8x 27.7x 20.5x 16.4x 15.5x 14.5x
EV / FCF -28.8x -26.7x -21.8x -16.9x -53x 7.07x 23.3x 19x
FCF Yield -3.47% -3.75% -4.6% -5.92% -1.89% 14.1% 4.29% 5.25%
Dividend per Share 2 6.92 6.92 7.62 8.38 9.21 9.378 9.942 10.46
Rate of return 0.83% 1% 1.12% 1.4% 1.97% 1.88% 1.99% 2.09%
EPS 2 42.42 42.02 58.64 64.69 94.72 84.24 94.1 110.2
Distribution rate 16.3% 16.5% 13% 13% 9.72% 11.1% 10.6% 9.49%
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 1 414,715 475,439 504,805 623,976 637,182 643,296 656,898 663,885
Reference price 2 831.00 695.00 681.00 599.00 468.00 500.00 500.00 500.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.82x2.67x11.86x1.91% 4.85B
62.18x - - - 66.41B
14x4.54x12.22x3.62% 39.85B
5.74x0.78x1.6x8.58% 28.06B
8.28x1.46x8.04x4.27% 27.68B
17.51x3.91x15.72x1.4% 27.05B
13.43x3.04x14.56x2.6% 24.8B
9.36x3.54x7.84x-.--% 22.08B
8.3x0.92x3.35x2.69% 21.22B
10.35x2.03x8.38x4.06% 20.81B
Average 15.50x 2.54x 9.29x 3.24% 28.28B
Weighted average by Cap. 23.02x 2.67x 9.32x 3.49%

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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  3. AC Stock
  4. Valuation Ayala Corporation