Balance Sheet
As expected, ALI holds the largest assets for this group, as it is almost twice as big as its next competition, MEG. What was really glaring here is how small the other companies are.
Income Statement
All have enjoyed good results, but MEG posted the best gross profit (33.55%) and net income margin (26.62%) amongst the competitors. Gross profit is a measure of how much revenues are left after deducting direct expenses while net income margin calculates the company's total earnings after adjusting for all after-tax expenses.
Financial Ratios
Book Value Per Share = A measure used by owners of common shares in a firm to determine the level of safety associated with each individual share after all debts are paid accordingly. ALI leads the group in BV per share as it understandably holds the biggest assets.
Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. Annualized EPS is simply the hypothetical EPS for the year assuming the earnings for the prior quarters will be sustained. ALI again beat out the other property companies by posting 1 peso earned for every shared held.
Price-earnings ratio is a valuation ratio of a company's current share price compared to its per-share earnings. This tells how expensive a company's stock is relative to its earnings. CPG, VLL and MEG are well within the Philippine Stocks' PE of 16x earnings while DD stands out as grossly expensive due to previous month's hype.
Current ratio measure the company's ability to pay its current obligation from its current assets. It is a measure of liquidity. MEG and VLL have 3 times as much current assets to cover for its existing current liabilities.
Debt-to-equity ratio indicates what proportion of equity and debt the company is using to finance its assets. Again, MEG and VLL have larger equities than long term liabities, while DD, ALI and CPG mostly use debt to finance the company.
Gross profit is a measure of how much revenues are left after deducting direct expenses. MEG posts the best GP% followed by VLL and CPG.
Net income margin calculates the company's total earnings after adjusting for all after-tax expenses. MEG again has the highest net income margin, but VLL has the smallest admin and other expenses, making up for only 1.83% of its revenues.
Return on assets is a measure of how much the assets are being utilized to generate income. Here, CPG tops the list but VLL is not far behind.
Return on equity is a measure of how much capital is being utilized to generate income. CPG has generated around 4% of income from its equities, while ALI and DD follow behind at more than 3%.
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