Company Valuation: PAL Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 76,052 70,246 68,505 58,868 132,918 102,038
Change - -7.63% -2.48% -14.07% 125.79% -23.23%
Enterprise Value (EV) 1 267,416 167,748 146,431 110,054 184,608 169,943
Change - -37.27% -12.71% -24.84% 67.74% -7.94%
P/E -1.06x 1.31x 8.39x 3.5x 15.8x 10.6x
PBR -1.03x -9.99x 39.2x 3.27x 4.2x 2.32x
PEG - -0x -0.1x 0x -0.2x 0.7x
Capitalization / Revenue 1.38x 1.2x 0.49x 0.33x 0.75x 0.56x
EV / Revenue 4.84x 2.86x 1.05x 0.61x 1.04x 0.92x
EV / EBITDA -10.7x 9.16x 4.91x 2.58x 5.21x 9.86x
EV / EBIT -10x -40.9x 8.46x 3.92x 10.3x 12x
EV / FCF 19x -32.8x 6.44x 4.12x 95.8x 18.3x
FCF Yield 5.26% -3.05% 15.5% 24.3% 1.04% 5.47%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -6.185 4.619 0.7032 1.448 0.3132 0.3582
Distribution rate - - - - - -
Net sales 1 55,264 58,701 139,238 179,121 178,006 183,833
EBITDA 1 -24,876 18,317 29,822 42,618 35,434 17,242
EBIT 1 -26,616 -4,097 17,303 28,084 17,964 14,166
Net income 1 -71,810 59,090 8,164 16,812 7,019 9,620
Net Debt 1 191,364 97,502 77,926 51,187 51,690 67,905
Reference price 2 6.550 6.050 5.900 5.070 4.950 3.800
Nbr of stocks (in thousands) 11,610,978 11,610,978 11,610,978 11,610,978 26,852,107 26,852,107
Announcement Date 6/17/21 4/6/22 4/5/23 4/1/24 3/28/25 4/6/26
1PHP in Million2PHP
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.23B
12.57x0.9x6.99x0.97% 52.44B
10.06x0.79x6.52x-.--% 36.15B
13.44x1.35x6.1x1.87% 28.14B
8.25x0.81x3.79x2.19% 25.68B
65.63x2.26x13.15x0.07% 20.38B
27.97x1.09x5.82x3.67% 16.82B
-11.31x1.68x11.53x-.--% 15.97B
13.79x1.18x4.89x3.13% 15.05B
-12.33x1.62x10.23x0.25% 11.9B
Average 14.23x 1.30x 7.67x 1.35% 22.38B
Weighted average by Cap. 14.84x 1.18x 7.26x 1.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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