Financials Crown Asia Chemicals Corporation

Equities

CROWN

PHY1804M1000

Commodity Chemicals

End-of-day quote Philippines S.E. 18:00:00 2024-06-27 EDT 5-day change 1st Jan Change
1.91 PHP +0.53% Intraday chart for Crown Asia Chemicals Corporation +6.70% +22.44%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,135 1,317 1,142 1,032 946.5 952.6
Enterprise Value (EV) 1 1,088 1,315 983.4 947.1 707.1 535.2
P/E ratio 9.65 x 9.81 x 9.42 x 4.6 x 4.19 x 3.84 x
Yield 5% 1.86% 1.2% 5.92% 5.81% 6.41%
Capitalization / Revenue 0.96 x 0.92 x 1.02 x 0.59 x 0.54 x 0.63 x
EV / Revenue 0.92 x 0.92 x 0.88 x 0.54 x 0.4 x 0.36 x
EV / EBITDA 5.53 x 5.41 x 4.69 x 2.9 x 2.08 x 1.49 x
EV / FCF 20.5 x 13.7 x 7.86 x -9.82 x 4.19 x 2.3 x
FCF Yield 4.88% 7.28% 12.7% -10.2% 23.8% 43.6%
Price to Book 1.06 x 1.12 x 0.89 x 0.65 x 0.54 x 0.47 x
Nbr of stocks (in thousands) 630,800 612,605 610,639 610,639 610,639 610,639
Reference price 2 1.800 2.150 1.870 1.690 1.550 1.560
Announcement Date 3/22/19 5/29/20 3/16/21 3/24/22 3/22/23 3/13/24
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,187 1,433 1,118 1,741 1,761 1,507
EBITDA 1 196.5 243.1 209.8 326.4 340.7 360.2
EBIT 1 165.1 206.7 173.3 288.5 301.1 319.8
Operating Margin 13.9% 14.42% 15.51% 16.57% 17.1% 21.23%
Earnings before Tax (EBT) 1 168.2 192.3 173.3 295.6 306.3 330.2
Net income 1 117.6 136.4 121.2 224.3 228.9 247.8
Net margin 9.91% 9.52% 10.85% 12.88% 13% 16.45%
EPS 2 0.1864 0.2192 0.1984 0.3673 0.3700 0.4059
Free Cash Flow 1 53.05 95.7 125.1 -96.4 168.6 233.2
FCF margin 4.47% 6.68% 11.19% -5.54% 9.58% 15.48%
FCF Conversion (EBITDA) 26.99% 39.37% 59.63% - 49.5% 64.74%
FCF Conversion (Net income) 45.11% 70.15% 103.17% - 73.67% 94.08%
Dividend per Share 2 0.0900 0.0400 0.0225 0.1000 0.0900 0.1000
Announcement Date 3/22/19 5/29/20 3/16/21 3/24/22 3/22/23 3/13/24
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 47.8 2.11 158 84.8 239 417
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 53.1 95.7 125 -96.4 169 233
ROE (net income / shareholders' equity) 11.2% 12.1% 9.87% 15.6% 13.7% 13.1%
ROA (Net income/ Total Assets) 8.2% 8.96% 6.76% 9.91% 9.23% 8.76%
Assets 1 1,434 1,522 1,794 2,263 2,480 2,829
Book Value Per Share 2 1.700 1.930 2.090 2.600 2.880 3.300
Cash Flow per Share 2 0.1300 0.0900 0.3100 0.1800 0.4200 0.6100
Capex 1 38.3 71.8 38.4 29.9 34.2 48.8
Capex / Sales 3.23% 5.01% 3.43% 1.72% 1.94% 3.24%
Announcement Date 3/22/19 5/29/20 3/16/21 3/24/22 3/22/23 3/13/24
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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