Asia300

Aboitiz Power Corp.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Mar 23, 2017
Prev close: 42.7
Mar 23, 2017
Market cap:
Market cap(USD):
314,212.41M
6,243.16M
Shares: 7,358.60M

Currency in PHP

Company profile

Market(Ticker): PHS(AP)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 2,936

Business summary

Aboitiz Power Corp. is an investment holding company engaged in power generation and distribution. The company operates its business through three segments: Power Generation, Power Distribution, and Parent Company and Others. The Power Generation segment handles the generation and supply of power to various customers under power supply contracts, ancillary service procurement agreements and trading. The Power Distribution segment deals with the distribution and sale of electricity to the end-users. The Parent Company and Other segment involves in the operations of the company and electricity-related services of the group such as installation of electrical equipment. Aboitiz Power was founded on February 13, 1998 and is headquartered in Cebu, Philippines.

Company background

Aboitiz Power is the electricity generation arm of the Aboitiz Group, a conglomerate founded by the Aboitiz family of the central Philippine island of Cebu. About two-thirds of the company is owned by Aboitiz Equity Ventures, the family's publicly listed holding company. Aboitiz Power is one of the country's leading utilities, with a capacity of 2,975 megawatts as of the end of September 2014. It has hydroelectric, geothermal and coal-fired power plants across the country.

The company is adding more capacity to its portfolio, building a number of hydropower plants that will provide an additional 82MW and three coal-fired plants that will have a total capacity of 1,020MW. At the end of 2013, about 83% of Aboitiz Power's net profit was derived from power generation while the rest was from electricity distribution. The company's chief executive is Erramon Aboitiz. He graduated with a bachelor's degree in business administration, majoring in accounting and finance, from Gonzaga University in the U.S. state of Washington.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 85,173.95M
Gross profit 34,323.18M
Operating income 24,584.05M
Income before tax 18,562.37M
Net income 17,603.79M
EBITDA 29,569.33M
Diluted EPS 2.39
Dividends per share 1.2
Total assets 242,489.24M
Total liabilities 140,875.67M
Total equity 97,568.52M
Operating cash flow 27,920.43M

Currency in PHP

Revenue 1,870.59M
Gross profit 753.80M
Operating income 539.91M
Income before tax 407.66M
Net income 386.61M
EBITDA 649.40M
Diluted EPS 0.05
Dividends per share 0.02
Total assets 5,153.31M
Total liabilities 2,993.85M
Total equity 2,073.49M
Operating cash flow 613.19M

Currency in USD

Valuation measures

Dec 2015

PER 17.44
ROA 7.66%
ROE 18.57%
Operating margin 28.86%
Profit margin 20.66%

Key executive

  • Chief Executive Officer & Executive Director: Erramon I. Aboitiz
  • President, COO & Executive Director: Antonio Roig Moraza
  • VP, Chief Financial & Information Officer: Liza Luv Montelibano
  • Secretary & Chief Compliance Officer: M. Jasmine S. Oporto
  • Executive VP & COO-Corporate Business Group: Luis Miguel O. Aboitiz

Share holders

  • Aboitiz Equity Ventures, Inc.(76.8%)
  • ABOITIZ FAMILY(1.9%)
  • ABOITIZ ERRAMON I(1.0%)
  • Somerset Capital Management LLP(0.9%)
  • The Vanguard Group, Inc.(0.7%)
  • BlackRock Fund Advisors(0.6%)
  • MORAZA ANTONIO ROIG(0.2%)
  • ABOITIZ JON RAMON MELENDEZ(0.2%)
  • Aviva Investors Global Services Ltd.(0.1%)
  • Portola Investors, Inc.(0.1%)

Address

  • Website: http://www.aboitizpower.com
  • Address: NAC Tower, 32nd Street, Taguig, 1634, Philippines
  • Phone: +63.32.886.2800

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