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Utilities

Aboitiz Power

  • 37.85 PHP
  • -1.85
  • -4.66%
  • Philippines
    Apr 20, 2018
  • Ticker
    PHS(AP)
  • Prev. close
    39.70
  • Market cap (PHP)
    292,137M
  • Market cap (USD)
    5,607.50M
  • Shares
    7,358.60M

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.

Business Summary

Aboitiz Power Corp. operates as 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.

Financial Highlights

Dec 2017 PHPUSD
Revenue119,391.30M2,368.18M
Gross Profit47,764.09M947.42M
Operating income34,092.64M676.24M
Income before tax26,846.82M532.52M
Net income20,416.44M404.97M
EBITDA41,769.99M828.52M
Diluted EPS2.770.05
Dividends Per Share1.390.02
Total Assets361,476.99M7,241.12M
Total liabilities237,498.53M4,757.58M
Total equity115,396.37M2,311.62M
Operating cash flow29,449.27M584.14M
Currency in PHPCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 72,055.16M 86,759.38M 85,173.95M 89,163.26M 119,391.30M
Gross Profit 25,438.76M 29,198.32M 34,323.18M 36,796.05M 47,764.09M
Operating income 19,477.28M 22,226.86M 24,584.05M 26,212.87M 34,092.64M
Income before tax 13,463.59M 17,420.50M 18,562.37M 25,000.24M 26,846.82M
Net income 18,576.84M 16,705.18M 17,603.79M 20,002.58M 20,416.44M
EBITDA 23,360.76M 26,994.05M 29,569.33M 32,353.82M 41,769.99M
Diluted EPS 2.52 2.27 2.39 2.72 2.77
Dividends Per Share 1.66 1.14 1.20 1.36 1.39
Total Assets 193,938.81M 216,761.02M 242,489.24M 357,006.89M 361,476.99M
Total liabilities 102,688.06M 120,680.58M 140,875.67M 244,797.67M 237,498.53M
Total equity 87,628.76M 91,962.09M 97,568.52M 105,114.41M 115,396.37M
Operating cash flow 28,506.06M 27,079.91M 27,920.43M 35,762.18M 29,449.27M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,696.62M 1,954.54M 1,870.59M 1,877.61M 2,368.18M
Gross Profit 598.98M 657.78M 753.80M 774.85M 947.42M
Operating income 458.61M 500.73M 539.91M 551.99M 676.24M
Income before tax 317.01M 392.45M 407.66M 526.45M 532.52M
Net income 437.41M 376.33M 386.61M 421.21M 404.97M
EBITDA 550.05M 608.13M 649.40M 681.31M 828.52M
Diluted EPS 0.05 0.05 0.05 0.05 0.05
Dividends Per Share 0.03 0.02 0.02 0.02 0.02
Total Assets 4,369.71M 4,845.71M 5,153.31M 7,181.43M 7,241.12M
Total liabilities 2,313.70M 2,697.82M 2,993.85M 4,924.26M 4,757.58M
Total equity 1,974.39M 2,055.82M 2,073.49M 2,114.44M 2,311.62M
Operating cash flow 671.21M 610.06M 613.19M 753.08M 584.14M

Valuation Measures

Dec 2017
PER15
ROA5.68%
ROE18.51%
Operating margin28.55%
Profit margin17.10%

Key executives

  • Chief Executive Officer & Executive Director: Erramon Isidro 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

Shareholders

  • Aboitiz Equity Ventures, Inc. (76.8%)
  • ABOITIZ FAMILY (1.9%)
  • ABOITIZ ERRAMON ISIDRO (1.1%)
  • Somerset Capital Management LLP (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • The Vanguard Group, Inc. (0.7%)
  • Aviva Investors Global Services Ltd. (0.3%)
  • MORAZA ANTONIO ROIG (0.2%)
  • ABOITIZ JON RAMON MELENDEZ (0.2%)
  • ABOITIZ MIKEL A (0.2%)

Contact Details

Related Companies

  • Hedcor Bukidnon, Inc.
  • AboitizPower International Pte Ltd.
  • Hedcor Benguet, Inc.
  • Prism Energy, Inc.
  • Therma South, Inc.
  • Therma Mobile, Inc.
  • Therma Visayas, Inc.
  • AdventEnergy, Inc.
  • Therma Luzon, Inc.
  • Aboitiz Renewables, Inc.
  • Therma Power, Inc.
  • AP Renewables, Inc.
  • SN Aboitiz Power-Benguet, Inc.
  • Aboitiz Energy Solutions, Inc.
  • SN Aboitiz Power-Magat, Inc.
  • Lima Utilities Corp.
  • Hedcor, Inc.
  • Balamban Enerzone Corp.
  • Cebu Private Power Corp.
  • Davao Light & Power Co., Inc.

Competitors

  • Ormat Technologies, Inc.
Last Updated on 20 Apr, 2018

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