Last $53.90 PHP
Change Today -1.10 / -2.00%
Volume 1.5M
AEV On Other Exchanges
Symbol
Exchange
Philippines
OTC US
As of 3:28 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

aboitiz equity ventures inc (AEV) Snapshot

Open
$54.15
Previous Close
$55.00
Day High
$54.95
Day Low
$53.90
52 Week High
03/7/14 - $61.05
52 Week Low
10/1/13 - $44.60
Market Cap
298.5B
Average Volume 10 Days
1.1M
EPS TTM
$3.37
Shares Outstanding
5.5B
EX-Date
03/20/14
P/E TM
16.0x
Dividend
$1.27
Dividend Yield
3.34%
Current Stock Chart for ABOITIZ EQUITY VENTURES INC (AEV)

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aboitiz equity ventures inc (AEV) Details

Aboitiz Equity Ventures, Inc., through its subsidiaries, is engaged in the power generation and distribution; banking and financial services; food manufacturing; and real estate development businesses in the Philippines. Its Power segment is involved in the generation, distribution, and retail of electricity through hydro, geothermal, coal-fired, thermal, and wind power plants; and ownership and operation of seven power distribution utilities. The company’s Food Manufacturing segment is engaged in the manufacture and sale of wheat flour and its by-products under the Sun Moon Star, Sunshine, Glowing Sun, Kutitap, Gold Star, and Megastar brands; and cake flour under the Wooden Spoon brand, as well as produces animal feed and breeds swine. Its Financial Services segment provides various banking products and services, such as deposit and related services; corporate and middle market lending; consumer finance loans, including mortgage, auto loans, and credit cards; and investment, treasury, capital market, trust and fund management, remittance, cash management, and electronic banking services. The company’s Real Estate segment is engaged in the leasing of commercial and office buildings; design and development of distinct communities for residential, industrial, and commercial use; property management activities; ownership and operation of a industrial park; and distribution of water. It also produces liquid bio-methane fuel from organic wastes derived from municipal solid wastes and other forms of organic wastes, as well as provides corporate aircraft and support services. The company was formerly known as Cebu Pan Asian Holdings, Inc. and changed its name to Aboitiz Equity Ventures, Inc. in December 1993. Aboitiz Equity Ventures, Inc. was incorporated in 1989 and is headquartered in Taguig City, the Philippines. Aboitiz Equity Ventures, Inc. is a subsidiary of Aboitiz & Company, Inc.

227 Employees
Last Reported Date: 04/22/14
Founded in 1989

aboitiz equity ventures inc (AEV) Top Compensated Officers

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Executives, Board Directors

aboitiz equity ventures inc (AEV) Key Developments

Pilmico Foods And Aboitiz Power Are Looking To Expand

Aboitiz & Company, Inc. is gearing up to expand its power and food manufacturing units to take advantage of the opportunities presented by the economic integration of the Association of Southeast Asian Nations (Asean) in 2015. “We are looking outside for both Pilmico Foods and Aboitiz Power. Nothing very firm as of now but there are some very good opportunities we are looking at in Asean,” said Stephen G. Paradies, Chief Financial Officer of Aboitiz Equity Ventures Inc. (PSE:AEV). Paradies said Aboitiz Power Corp. (PSE:AP) “started to look outside” the country given the constraints on the local power sector brought about by the Epira Law. He added that, "The company expects to build about 100 megawatts of power facilities in the Asean region within the year." Paradies added that the firm’s food unit Pilmico Foods Corporation has set its sights on Indonesia and Papua New Guinea after its entry in Vietnam in June 2014 where it acquired a 70 percent interest in aqua feed producer Vinh Hoan 1 Feed JSC for $20 million. “Well, we’re looking at Indonesia and Papua New Guinea. We’ve been looking there, but nothing has materialized yet, but that doesn’t mean we’re going to look at other areas,” he said, "Pilmico’s focus at the moment is to enter Indonesia and Papua New Guinea."

Aboitiz Equity Ventures, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2014

Aboitiz Equity Ventures Inc. reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2014. For the six months, the company reported revenues of PHP 54,330,562,000 compared to revenues of PHP 38,815,013,000 for the same period a year ago. Operating profit was PHP 12,849,105,000 compared to PHP 12,124,625,000 last year. Income before income tax was PHP 14,441,151,000 compared to PHP 14,663,659,000 last year. Net income was PHP 12,162,521,000 compared to PHP 14,372,752,000 last year. Net income attributable to equity holders of the parent were PHP 9,485,132,000 or PHP 1.718 per basic and diluted share compared to PHP 11,915,176,000 or PHP 2.158 per basic and diluted share last year. Net cash flows from operating activities were PHP 14,528,201,000 compared to PHP 12,913,365,000 last year. Acquisitions of property, plant and equipment - net was PHP 9,034,880,000 compared to PHP 5,130,034,000 last year. Net debt was PHP 71,122,243 as on June 30, 2014. For the quarter, the company reported revenues of PHP 28,590,187,000 compared to revenues of PHP 21,022,675,000 for the same period a year ago. Operating profit was PHP 6,378,775,000 compared to PHP 6,779,408,000 last year. Income before income tax was PHP 7,361,823,000 compared to PHP 6,336,366,000 last year. Net income was PHP 6,064,072,000 compared to PHP 6,354,209,000 last year. Net income attributable to equity holders of the parent were PHP 4,616,999,000 or PHP 0.836 per basic and diluted share compared to PHP 5,066,586,000 or PHP 0.918 per basic and diluted share last year. Net cash flows from operating activities were PHP 7,091,649,000 compared to PHP 7,973,727,000 last year. Acquisitions of property, plant and equipment - net was PHP 4,492,477,000 compared to PHP 3,479,375,000 last year.

ABOITIZ Equity Ventures, Inc. Announces Consolidated Earnings Results for the Second Quarter and First Half Ended June 2014

ABOITIZ Equity Ventures Inc. announced consolidated earnings results for the second quarter and first half ended June 2014. For the quarter, the company’s net profit declined 9% year-on-year to PHP 4.6 billion. Core profit dropped 30% to PHP 4.3 billion. For the first half, the company announced a 20% drop in its net income to PHP 9.5 billion. Core profit was PHP 8.7 billion, down 26% year on year.

 

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Valuation AEV Industry Range
Price/Earnings 15.5x
Price/Sales 2.7x
Price/Book 3.0x
Price/Cash Flow 15.5x
TEV/Sales 1.3x
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