universal robina corp-adr
(UVRBY:Grey Market)
universal robina corp-adr (UVRBY) Snapshot
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Universal Robina Corporation, together with its subsidiaries, operates as a branded food products company in the Philippines, China, and ASEAN countries. Its Branded Consumer Food Products segment manufactures and distributes a range of salty snacks, chocolates, candies, biscuits, bakery products, beverages, instant noodles, and pasta and tomato-based products. This segment also manufactures bi-axially oriented polypropylene films that are used in packaging; and polyethylene terephthalate bottles and printed packaging materials for various branded food products. The company’s Agro-Industrial Products segment engages in hog and poultry farming; manufacturing and distributing animal feeds, glucose, and soya products; and producing and distributing animal health products. Its Commodity Food Products segment is involved in sugar milling and refining, as well as flour milling and pasta manufacturing activities. Universal Robina Corporation sells its branded food products to supermarkets, wholesalers, convenience stores, trading companies, distributors, and retailers, as well as consumer food products through its direct sales force and distributors to approximately 120,000 retail outlets. The company was founded in 1954 and is based in Pasig City, the Philippines. Universal Robina Corporation is a subsidiary of JG Summit Holdings, Inc.
universal robina corp-adr (UVRBY) Key Developments
Universal Robina Corporation reported unaudited earnings results for the first quarter ended March 31, 2013. The company's unaudited core earnings before tax were up 27.3% to PHP 2.61 billion in first of fiscal 2013 from PHP 2.05 billion reported in the same period last year. The company’s net income attributable to equity holders of the parent was flattish at PHP 2.28 billion for the three months of fiscal 2013 from PHP 2.22 billion in the same period last year mainly because of the reversal in foreign exchange gain of PHP 206 million in first quarter of 2012 to a foreign exchange loss amounting to PHP 307 million for first quarter of fiscal 2013 due to unrealized foreign exchange loss on translation of foreign currency denominated accounts as a result of continuous appreciation of Philippine peso vis-à-vis US dollar.
Universal Robina Corporation announced earnings results for the first half year ended March, 2013. For the period, the company reported a 14.8% sales growth with net sales amounting to PHP 40.317 billion against PHP 35.134 billion a year ago. The company's operating income was PHP 4.901 billion. This is 34.4% higher than the PHP 3.647 billion reported in the same period last year. The company's net income was PHP 5.441 billion, a 21.3% increase of from PHP 4.485 billion posted in the same period last year. Aside from operating income, the increase was due to higher other revenues as the company realized the gains from sale of bond and equity holdings January 2013 and lower finance cost as prepaid off PHP 3.0 billion long term debt as well as retired some short tern debt and trust receipts.
The board of directors of Universal Robina Corporation approved on April 18, 2013 the declaration of a regular cash dividend in the amount of PHP 1.50 per share and a special cash dividend in the amount of PHP 0.90 per share from the unrestricted retained earnings of the corporation, to all stockholders of record as of May 10, 2013 and which shall be paid on June 6, 2013. Ex-dividend date is May 7, 2013.
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Industry Analysis
UVRBY
Industry Average
| Valuation | UVRBY | Industry Range |
| Price/Earnings | 30.6x |
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| Price/Sales | 3.6x |
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| Price/Book | 5.4x |
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| Price/Cash Flow | 31.0x |
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| TEV/Sales | 3.4x |
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To contact UNIVERSAL ROBINA CORP-ADR, please visit www.urc.com.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.
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