rfm corporation (RFM:Philippines)
rfm corporation (RFM) Snapshot
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Open
$5.90
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Previous Close
$5.87
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Day High
$5.92
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Day Low
$5.81
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52 Week High
05/6/13 - $6.15
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52 Week Low
05/21/12 - $2.52
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Market Cap
18.4B
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Average Volume 10 Days
2.1M
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EPS TTM
$0.22
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Shares Outstanding
3.2B
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EX-Date
05/10/13
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P/E TM
25.9x
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Dividend
$0.06
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Dividend Yield
0.98%
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Related News
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RFM Corporation engages in the manufacture, milling, and marketing of food and beverage products to institutions and consumers in the Philippines. It offers flour, pasta, hamburger buns, English muffins, and other bakery products; ready to drink juices and tea, powdered juices, ready to drink milk, and flavored water; hotdogs, corned beef, hams, and other processed and canned meat products; flour-based and rice-based products; tomato-based sauces; margarine products; ice cream and related food products; and flavored water. The company provides its products principally under the brand names of Sunkist, Selecta, White King, Swift, Alo Green Tea, Selecta Moo, Selecta Fortified, White King Fiesta, and Vitwater. It also offers barging services, such as lighterage and cargo handling services; engages in the leasing of commercial and office spaces; and provides insurance brokerage and financing services. RFM Corporation sells its products through hypermarkets, supermarkets, groceries, convenience stores, drug stores, wholesalers, distributors, institutional customers, food establishments, wet markets, and the company stores. The company was formerly known as Republic Flour Mills, Inc. RFM Corporation was incorporated in 1957 and is headquartered in Mandaluyong City, the Philippines.
rfm corporation (RFM) Key Developments
RFM Corp. is transferring its milk and juice operations from Pasig City to the site of its former meat facilities in Cabuyao, Laguna. Effective May 2013, the Tetra operations in Manggahan, Pasig City will be moved to CMPC (Cabuyao Meat Processing Corp.) Light Industrial Plant, Cabuyao, Laguna, resulting in the transfer of the remaining MJ employees. However, the company offered a voluntary retirement program to qualified MJ rank-and-file employees who opted not to join the transfer.
RFM Corporation reported earnings results for the first quarter of 2013. For the quarter, the company posted an 18% growth in its net income for the first quarter of the year, reaching PHP 153.7 million, and ahead of its internal target for the period. This was on the back of around PHP 2.2 billion sales revenue, around 8% lower than last year's PHP 2.4 billion, primarily due to its disposal of the meat business late last year. The company declared a cash dividend of PHP 0.032369 per share for the year 2012. The dividend is payable on June 11, 2013 with the record date of May 16, 2013. Total cash dividend declared is PHP 102,299,112.74. Ex-date is May 10, 2013.
RFM Corp. announced that in the regular board meeting held on April 4, 2013, the board of directors approved, confirmed and ratified the retirement of Mr. Raymond B. Azcarate from his position in the company as Senior Vice President for Finance Sales and Controllership, Chief Finance Officer and Treasurer, effective March 31, 2013. The board also approved, confirmed and ratified the appointment of Ms. Minerva C. Laforteza as Vice President for Finance and Controllership, and Treasurer, effective April 1, 2013.
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| RFM:PM | $5.81 PHP | -0.06 | |
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Industry Analysis
RFM
Industry Average
| Valuation | RFM | Industry Range |
| Price/Earnings | 26.7x |
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| Price/Sales | 1.7x |
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| Price/Book | 3.3x |
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| Price/Cash Flow | 27.2x |
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| TEV/Sales | 1.3x |
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To contact RFM CORPORATION, please visit www.rfm.com.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.
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