Financials Benguet Corporation

Equities

BC

PHY078321353

Diversified Mining

End-of-day quote Philippines S.E. 18:00:00 2024-05-09 EDT 5-day change 1st Jan Change
4.3 PHP -4.23% Intraday chart for Benguet Corporation -3.15% -11.70%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 923.7 668.9 1,885 3,267 2,576 3,042
Enterprise Value (EV) 1 1,152 1,108 2,129 2,347 808.1 879.4
P/E ratio 7.79 x 6.02 x 5.08 x 2.35 x 1.93 x 5.53 x
Yield - - - - - -
Capitalization / Revenue 0.92 x 0.83 x 1.16 x 0.85 x 0.64 x 1.2 x
EV / Revenue 1.14 x 1.38 x 1.31 x 0.61 x 0.2 x 0.35 x
EV / EBITDA -8.38 x -12.5 x 5.38 x 1.37 x 0.48 x 1.21 x
EV / FCF 1.78 x -24.6 x 34.6 x 2.14 x 1.11 x 2.39 x
FCF Yield 56.2% -4.06% 2.89% 46.7% 90.2% 41.8%
Price to Book 0.23 x 0.16 x 0.4 x 0.52 x 0.33 x 0.36 x
Nbr of stocks (in thousands) 615,771 615,771 616,122 622,922 622,922 623,184
Reference price 2 1.500 1.130 3.100 5.340 4.100 4.870
Announcement Date 19-04-30 20-06-30 21-05-17 22-05-15 23-05-02 24-04-30
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,009 802.1 1,620 3,842 4,025 2,531
EBITDA 1 -137.5 -88.65 396 1,708 1,688 728.4
EBIT 1 -309.1 -223.1 342 1,550 1,614 676.2
Operating Margin -30.64% -27.82% 21.11% 40.34% 40.09% 26.71%
Earnings before Tax (EBT) 1 132.4 148.3 483.3 1,794 1,759 732.6
Net income 1 119 115.7 381.4 1,422 1,331 554.1
Net margin 11.8% 14.43% 23.55% 37% 33.07% 21.89%
EPS 2 0.1927 0.1879 0.6100 2.270 2.120 0.8800
Free Cash Flow 1 647 -45.01 61.55 1,096 729.1 367.7
FCF margin 64.14% -5.61% 3.8% 28.52% 18.11% 14.53%
FCF Conversion (EBITDA) - - 15.54% 64.13% 43.2% 50.48%
FCF Conversion (Net income) 543.51% - 16.14% 77.07% 54.77% 66.36%
Dividend per Share - - - - - -
Announcement Date 19-04-30 20-06-30 21-05-17 22-05-15 23-05-02 24-04-30
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 229 439 244 - - -
Net Cash position 1 - - - 920 1,768 2,163
Leverage (Debt/EBITDA) -1.662 x -4.95 x 0.6152 x - - -
Free Cash Flow 1 647 -45 61.6 1,096 729 368
ROE (net income / shareholders' equity) 3.12% 2.77% 8.3% 25.4% 18.8% 6.87%
ROA (Net income/ Total Assets) -2.93% -2.06% 2.99% 12% 10.8% 4.17%
Assets 1 -4,065 -5,623 12,759 11,835 12,314 13,274
Book Value Per Share 2 6.390 7.160 7.760 10.30 12.50 13.40
Cash Flow per Share 2 0.4900 0.1300 0.4400 0.9700 1.610 1.240
Capex 1 8.24 28 27.3 40.9 45.4 68.3
Capex / Sales 0.82% 3.49% 1.69% 1.06% 1.13% 2.7%
Announcement Date 19-04-30 20-06-30 21-05-17 22-05-15 23-05-02 24-04-30
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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