Company Valuation: Philippine Trust Company

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 120,000 118,000 119,000 120,000 119,000 120,000
Change - -1.67% 0.85% 0.84% -0.83% 0.84%
Enterprise Value (EV) 1 104,314 102,066 115,580 115,711 111,779 109,130
Change - -2.16% 13.24% 0.11% -3.4% -2.37%
P/E 127x 143x 160x 117x 194x 445x
PBR 4.46x 4.53x 5.54x 5.18x 5.25x 5.03x
PEG - -11.1x -16.31x 3.1x -4.8x -7.9x
Capitalization / Revenue 28.9x 34x 31.8x 24.5x 27.8x 31.1x
EV / Revenue 25.1x 29.4x 30.9x 23.6x 26.1x 28.3x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.9485 0.8263 0.7453 1.029 0.614 0.2699
Distribution rate - - - - - -
Net sales 1 4,155 3,470 3,746 4,898 4,281 3,856
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 948.5 826.3 745.3 1,029 614 269.9
Net Debt 1 -15,686 -15,934 -3,420 -4,289 -7,221 -10,870
Reference price 2 120.00 118.00 119.00 120.00 119.00 120.00
Nbr of stocks (in thousands) 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Announcement Date 5/19/21 5/10/22 4/24/23 4/15/24 4/14/25 4/15/26
1PHP in Million2PHP
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.39B
13.48x - - 1.9% 892B
6.25x - - 4.97% 433B
6.8x - - 4.67% 381B
11.54x - - 2.36% 351B
6.36x - - 4.89% 344B
6.78x - - 4.71% 316B
10.55x - - 4.93% 294B
17.59x - - 2.39% 281B
11.26x - - 2.3% 248B
Average 10.07x 3.68% 354.04B
Weighted average by Cap. 10.32x 3.48%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Philippine Trust Company

Historical PBR trend

Valuation ratios - PBR - Philippine Trust Company

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Philippine Trust Company

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Philippine Trust Company

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