Asia300

Aboitiz Power Corp.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 16, 2017
Prev close: 40
Nov 16, 2017
Market cap:
Market cap(USD):
294,344.18M
5,782.79M
Shares: 7,358.60M

Currency in PHP

Company profile

Market(Ticker): PHS(AP)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 2,944

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.

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 2016

  • Local currency
  • US Dollar
Revenue 89,163.26M
Gross profit 36,796.05M
Operating income 26,212.87M
Income before tax 21,359.03M
Net income 20,002.58M
EBITDA 32,353.82M
Diluted EPS 2.72
Dividends per share 1.36
Total assets 354,776.23M
Total liabilities 243,146.80M
Total equity 105,114.41M
Operating cash flow 35,722.18M

Currency in PHP

Revenue 1,877.61M
Gross profit 774.85M
Operating income 551.99M
Income before tax 449.78M
Net income 421.21M
EBITDA 681.31M
Diluted EPS 0.05
Dividends per share 0.02
Total assets 7,136.55M
Total liabilities 4,891.05M
Total equity 2,114.44M
Operating cash flow 752.24M

Currency in USD

Valuation measures

Dec 2016

PER 15.33
ROA 6.69%
ROE 19.73%
Operating margin 29.39%
Profit margin 22.43%

Key executive

  • 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

Share holders

  • Aboitiz Equity Ventures, Inc.(76.8%)
  • ABOITIZ FAMILY(1.9%)
  • ABOITIZ ERRAMON ISIDRO(1.1%)
  • Somerset Capital Management LLP(0.8%)
  • The Vanguard Group, Inc.(0.7%)
  • BlackRock Fund Advisors(0.6%)
  • Aviva Investors Global Services Ltd.(0.3%)
  • MORAZA ANTONIO ROIG(0.2%)
  • ABOITIZ JON RAMON MELENDEZ(0.2%)
  • ABOITIZ MIKEL A(0.2%)

Address

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

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