Company Valuation: RFM Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 15,331 15,331 12,130 10,109 13,040 16,005
Change - 0% -20.88% -16.67% 29% 22.74%
Enterprise Value (EV) 1 12,541 11,851 9,683 7,464 8,596 11,401
Change - -5.5% -18.3% -22.91% 15.17% 32.63%
P/E Ratio 12.1x 11.7x 11.3x 7.98x 9.21x 9.9x
PBR 1.22x 1.15x 0.9x 0.69x 0.88x 1.04x
PEG - 3.24x -0.6x 0.4x 0.8x 0.7x
Capitalization / Revenue 0.98x 0.91x 0.63x 0.49x 0.6x 0.72x
EV / Revenue 0.8x 0.7x 0.5x 0.36x 0.4x 0.51x
EV / EBITDA 5.49x 5.35x 5.46x 3.69x 3.61x 4.48x
EV / EBIT 6.92x 6.91x 7.15x 4.95x 4.91x 6.05x
EV / FCF 10.4x 5.7x 27.8x 22.9x 4.25x 12.7x
FCF Yield 9.6% 17.5% 3.6% 4.38% 23.5% 7.86%
Dividend per Share 2 0.2099 0.2406 0.2406 0.2226 0.371 0.4748
Rate of return 4.61% 5.29% 6.68% 7.42% 9.59% 10%
EPS 2 0.3751 0.3886 0.3172 0.3759 0.42 0.48
Distribution rate 56% 61.9% 75.8% 59.2% 88.3% 98.9%
Net sales 1 15,701 16,880 19,386 20,681 21,729 22,332
EBITDA 1 2,286 2,214 1,774 2,021 2,380 2,543
EBIT 1 1,813 1,716 1,355 1,509 1,752 1,885
Net income 1 1,286 1,309 1,069 1,267 1,424 1,618
Net Debt 1 -2,790 -3,480 -2,448 -2,645 -4,444 -4,604
Reference price 2 4.550 4.550 3.600 3.000 3.870 4.750
Nbr of stocks (in thousands) 3,369,549 3,369,549 3,369,549 3,369,549 3,369,549 3,369,549
Announcement Date 4/22/21 4/19/22 4/17/23 4/15/24 4/15/25 4/15/26
1PHP in Million2PHP
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.23x - - 2.42% 1.41B
11.39x - - 6% 623M
9.83x2.51x8.3x6.63% 623M
Average 11.15x 2.51x 8.30x 5.02% 883.95M
Weighted average by Cap. 11.47x 2.51x 8.30x 4.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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