MER Key Fundamental and Technical Indicator as Mar 02, 2021

Latest news today is that their net core income drop by 9%. I see that technically, the trend seems to be in bearish mode. 

See more on the video;

DITO key Fundamental and Technical Indicator as of March 01, 2021

 

Is GTCAP fundamentally and technically sound to buy based on their March 2020 financial report and current price?

GT Capital Holdings, Inc. (GTCAP) was incorporated on July 26, 2007 as a holding company. GTCAP is the primary vehicle for the holding and management of the diversified business interests of the Ty family in the Philippines. The Company holds interests in banking; automotive assembly, importation, distribution, and financing; property development; life and non-life insurance; and infrastructure and utilities. 

GTCAP's subsidiaries are Federal Land, Inc.; Toyota Motor Philippines Corporation; Toyota Manila Bay Corp.; and GT Capital Auto Dealership Holdings, Inc. The Company also has significant shareholdings in Metropolitan Bank & Trust Company; Metro Pacific Investments Corporation; Philippine AXA Life Insurance Corporation; Toyota Financial Services Philippines Corporation; and Sumisho Motor Finance Corporation.

As of July 23, 2020, GTCAP was last traded at 438php per share, down by 55% compared to their 52-week high price. What valuation can we get from their March 2020 quarterly report?

Trailing P/E: 438/91.6= 4.8 Indicating that for every 1php income last 2019, investors are willing to pay or are paying 4.8php only. It is said that an overvalued company would be the one trading at a rate that’s 50 times earnings, or this could be a gauge on how optimistic are investors on this company. A lower P/E may imply low in optimism perhaps due to lower expectations on future earning, or news i.e pandemic that greatly impacts investor optimism. 

For a growth rate of 56.9% change in EPS from 2018 to 2019, the PEG ratio would be 4.8/56.9=0.08 meaning, investors are paying 4.8php per earning relative to the growth rate of 56.9% from 2018 to 2019. A PEG ratio of less than 1 is usually considered undervalued.

Price to Book Value per share (P/B) = 438/760.14= 0.57, meaning, the current market price per share is 42.4% lower compared to the real worth of the company as based on their March 2020 financial report. A P/B of less than 3 is potentially undervalued

However, due to pandemic, their first 3 months net income dropped by 25.7%

Still, fundamentally, based on the parameters above, this share seems to be a good buy to accumulate.

However technically, the MACD seems to indicate bearish momentum. RSI also continues to move to an oversold level, it may be a good strategy to buy this stock while in a bearish mode as this will definitely bounce back. Caveat 

Is ALI fundamentally and technically sound to buy based on their March 2020 financial report and current price?

Ayala Land, Inc. (ALI) was formerly the real estate division of Ayala Corporation (AC) and was incorporated on June 30, 1988 to focus on the development of its existing real estate assets. In July 1991, the Company became publicly-listed through an initial public offering of its primary and secondary shares on the Makati and Manila Stock Exchanges.

ALI is engaged in the planning and development of large scale, integrated estates having a mix of use for the sale of residential lots and buildings, office buildings and commercial and industrial lots, leasing of commercial and office spaces and the development, operation and management of hotels and resorts. The Company also develops commercial and industrial parks and is also engaged in property management, construction and other businesses like retail and healthcare. 

Among the Company's subsidiaries are Alveo Land Corporation; Avida Land Corporation; Ayala Property Management Corporation; Makati Development Corporation; North Triangle Depot Commercial Corporation; Laguna Technopark, Inc.; and Ten Knots Philippines, Inc.

As of July 17, 2020, ALI was last traded at 31.7php per share, down by 3.65% from the previous trading. What valuation can we get from their March 2020 quarterly report?

Trailing P/E: 31.7/2.25= 14 Indicating that for every 1php income last 2019, investors are willing to pay or is paying 14php. It is said that an overvalued company would be the one trading at a rate that’s 50 times earnings, or this could be a gauge on how optimistic are investors on this company. A lower P/E may imply low in optimism perhaps due to lower expectation on future earning, or news i.e pandemic that greatly impact investor optimism. 

For a growth rate of 13.6% change in EPS from 2018 to 2019, the PEG ratio would be 14/13.6=1 meaning, investors are paying 14php relative to the growth rate of 13.6% from 2018 to 2019. A PEG ratio of less than 1 is usually considered undervalued, in this case, the market price seems to be just right relative to growth rate 

Price to Book Value per share (P/B) = 31.7/16.39= 1.9, meaning, the current market price per share is around 1.9 times higher compare to the real worth of the company as based on their March 2020 financial report. A P/B of less than 3 is potentially undervalued.

However, due to pandemic, their first 3 months net income dropped by 41%, still fundamentally, based on the parameters above, this share seems to be a good buy. 

However technically, the MACD seems to indicate a bearish momentum. RSI also continues to move to an oversold level. If I’m to buy this share, I’ll wait few more trade to see whether the momentum has a sign of reversal to bullish mode.

Disclaimer: Trade or invest at your own risk.

Is EW fundamentally and technically sound to buy based on their March 2020 financial report and current price?

East West Banking Corporation (EW) was registered with the Securities and Exchange Commission on March 22, 1993. The Company was granted authority by the Bangko Sentral ng Pilipinas (BSP) to operate as a commercial bank in 1994 and commenced operations on July 8 of the same year. 

EW's principal banking products and services include deposit-taking, loan and trade finance, treasury, trust services, credit cards, cash management and custodial services. The Company offers the financial services to consumer and corporate clients. On January 25, 2012, EW obtained from BSP the approval to operate as a universal bank.

On May 6, 2016, EastWest and Standard Chartered Bank Philippines (SCB PH) entered into an agreement for SCB PH’s retail business. Under the agreement, the credit cards, personal loans, wealth management and deposits of SCB in the Philippines will be migrated to EastWest.

The Company's wholly-owned subsidiaries are East West Rural Bank, Inc.; East West Insurance Brokerage, Inc.; Quest Marketing and Integrated Services, Inc.; East West Leasing and Finance Corporation, and Assurance Solutions Insurance Agency. EW also owns 50% of East West Ageas Life Insurance Corporation, a life insurance firm formed with Ageas Insurance International N.V.

As of December 31, 2018, EW has a network of 390 branches and 583 automated teller machines, majority of which are located within Metro Manila.

 

As of July 15, 2020, EW was last traded at 7.37php per share. What valuation can we get from their March 2020 quarterly report?

Trailing P/E: 7.37/2.77= 2.6 Indicating that for every 1php income last 2019, investors are willing to pay or is paying 2.6php only. It is said that an overvalued company would be the one trading at a rate that’s 50 times earnings, or this could be a gauge on how optimistic are investors on this company. A lower P/E may imply low in optimism perhaps due to lower expectation on future earning, or news i.e pandemic that greatly impact investor optimism.

For a growth rate of 38.5% change in EPS from 2018 to 2019, the PEG ratio would be 2.6/38.5=0.06 meaning, investors are paying 2.6php relative to the growth rate of 38.5% from 2018 to 2019. A PEG ratio of less than 1 is usually considered undervalued.

Price to Book Value per share (P/B) = 7.37/22.74= 0.3, meaning, the current market price per share is 67.5% lower compare to the real worth of the company as based on their March 2020 financial report. A P/B of less than 3 is potentially undervalued

In spite of pandemic, their first 3 months net income increase by 74.7%.

Fundamentally, based on the parameters above, this share seems to be a good buy to accumulate. Once the pandemic is over, this share will eventually catch up to its real worth.

However technically, the MACD histogram seems to indicate a sideway momentum. If you are into longterm investing, I suggest you accumulate this share.

Disclaimer: Trade or invest at your own risk.

Is FGEN fundamentally and technically sound to buy based on their March 2020 financial report and current price?

First Gen Corporation (FGEN) was incorporated and registered with the Securities and Exchange Commission on December 22, 1998. FGEN and its subsidiaries are involved in the power generation business. FGEN is the largest clean and renewable Independent Power Producer in the Philippines, with a total installed capacity of 3,490 MW as of December 31, 2018. 

The Company owns power plants which utilize natural gas, geothermal, wind, hydro and solar power, all of which are operational and majority-owned and controlled by the Company through its subsidiaries. These subsidiaries include First Gas Power Corporation, FGP Corp., First NatGas Power Corp., Prime Meridian Powergen Corporation, FG Bukidnon Power Corporation, and Energy Development Corporation.

As of December 31, 2018, First Philippine Holdings Corporation directly and indirectly owns 66.98% of the common shares of FGEN and 100% of FGEN's voting preferred shares. Lopez, Inc. is the ultimate parent company of FGEN.

As of July 6, 2020, FGEN was last traded at 25.7php per share or 0.52USD. What valuation can we get from their March 2020 quarterly report?

Trailing P/E: 0.52/0.07= 7.4 Indicating that for every 1USD income last 2019, investors are willing to pay or is paying 7.4USD. It is said that an overvalued company would be the one trading at a rate that’s 50 times earnings, or this could be a gauge on how optimistic are investors on this company. A lower P/E may imply low in optimism perhaps due to lower expectation on future earning. 

For a growth rate of 40% (change in EPS from 2018 to 2019), the PEG ratio would be 7.4/40=0.19 meaning, investors are paying 7.4USD relative to the growth rate of 40% from 2018 to 2019. A PEG ratio of less than 1 is usually considered undervalued.

Price to Book Value per share (P/B) = 0.52/0.61= 0.8, meaning, the current market price per share is 14.7% lower compare to the real worth of the company as based on their March 2020 financial report. A P/B of less than 3 is potentially undervalued

The first 3 months net income dropped by 19.6%. 

Fundamentally, based on the parameters above, this share seems to be a good buy.

However technically, the MACD histogram seems to indicate a decline in momentum  prompting profit taking. Meanwhile, RSI also already reach the overbought level signalling a downward momentum

Disclaimer: Trade or invest at your own risk.

Is MM current market price justified fundamentally?

MerryMart Consumer Corp. (MM), formerly Injap Supermart Inc., is a consumer-focused retail company principally engaged in the operation of retail stores in the supermarket and, beginning January 30, 2020, household essentials category. MM, through its subsidiary, MerryMart Grocery Centers Inc. (MMGC) intends to pioneer the franchise business model covering supermarkets and household essentials stores in the Philippines (collectively, MM and its subsidiary, MMGC, are known as the 'MM Group').

Currently, the MM Group owns and operates seven MM branches nationwide, with an aggregate selling space of 9,331 square meters. The MM Group aims to open six more MM branches by the second quarter of 2020, six additional branches by the third quarter of 2020, and have a total of 100 branches located all over the Philippines by the fourth quarter of 2021.

MM is a wholly-owned subsidiary of Injap Investments Inc., which also owns 35% of DoubleDragon Properties Corp.

As of July 2, 2020, MM was last traded at 3.29php per share. This company was recently listed last June 15, 2020, and released their first quarter report the other day. What valuation can we get from their March 2020 quarterly report?

Trailing P/E = 3.29 / 0.03 = 109.6 Indicating that for every 1php income last 12 months, investors are willing to pay or is paying 109.6php. It is said that an overvalued company would be one trading at a rate that’s 50 times earnings, or it could be an optimism whereby investors expect earnings growth in the coming quarters and, as a result, investors have been buying the stock in anticipation of its appreciation. MM nature of business is like of that PGOLD and RRHI which are companies that are already established, the P/E’s of these companies are below 20, yet MM P/E is above 100. Having said this, I say that the expectation is a bit much, thus it’s potentially overvalued.

Price to Book Value per share (P/B) = 3.29 / 0.07 = 47, meaning, the current market price per share is 47 times higher that the real worth of the company as based on their March 2020 financial report. A P/B of more than 3 is potentially overvalued.

Even though the net income for the first 3 months this year increased by 50.5% from the last year first 3 months, still, based on the P/E comparing it with established companies, the current price seems to be not justified, not to mentioned the P/B ratio.

Disclaimer: Trade or invest at your own risk.

How expensive is BDO fundamentally based on their March 2020 financial report?

BDO Unibank Inc. (BDO), originally known as Acme Savings Bank, was acquired by the SM Group in 1976. BDO listed its shares on the Philippine Stock Exchange on May 21, 2002. The Company merged with Equitable PCI Bank in May 2007. 

BDO offers an array of products and services, i.e. retail banking; lending (corporate, commercial, consumer, and SME); treasury; trust; credit cards; corporate cash management; and remittances. Through its subsidiaries, the Company offers leasing and financing; investment banking; private banking; bancassurance; insurance brokerage; and stock brokerage services.

The Company's local subsidiaries include BDO Private Bank, Inc.; BDO Leasing and Finance, Inc.; BDO Capital & Investment Corporation; BDO Nomura Securities, Inc.; and BDO Insurance Brokers, Inc. The Company also has foreign subsidiaries in the US, Hong Kong, Italy, Japan, Canada, and Macau. The Company's associates include NLEX Corporation; SM Keppel Land, Inc.; Northpine Land Inc.; Taal Land, Inc.; and MMPC Auto-Financial Services Corporation.

As of December 31, 2018, BDO has 1,309 operating domestic branches (inclusive of one branch each in Hong Kong and Singapore), 4,325 automated teller machines and 484 cash deposit machines.

As of June 29, 2020, BDO was last traded at 94PHP per share. Its market price is  41.9% lower from its 52 week high. Is this fundamentally cheap and technically time to buy? 

Trailing P/E = 9.4 Indicating that for every 1php income last 2019, investors are willing to pay 9.4php.

Trailing PEG Ratio = 0.3, meaning, investors are willing or is paying 9.4php for every peso income last 2019 relative to growth growth rate of 35.4% which is the change of EPS from 2018 to 2019. A PEG ratio of less than 1 is considered undervalued.

Price to Book Value per share (P/B) = 1.1, meaning, the current market price per share is just 1.1 times higher that the real worth of the company as based on their March 2020 financial report. Usually, a P/B of less than 3 is considered undervalued.

Technically, the MACD momentum is in selling signal. RSI also is indicating a continuation of selling.  If I’m the investor, I would wait first for a sign of momentum reversal and not enter yet, but fundamentally, this is a good stock to accumulate. 

Disclaimer: Trade or invest at your own risk.

How expensive is Ayala Corporation (AC) fundamentally based on their March 2020 financial report?

Ayala Corporation (AC) was founded in 1834, incorporated on January 23, 1968, and was listed on the Philippine Stock Exchange in 1976. AC is the holding company of the Ayala Group of Companies, with principal business interests in real estate and hotels; financial services and insurance; telecommunications; water infrastructure; electronics solutions and manufacturing; power generation; transport infrastructure; automotive; international real estate; healthcare; education; and technology ventures.

The significant subsidiaries of AC as of December 31, 2018, are Ayala Land, Inc.; Manila Water Company, Inc.; Integrated Micro-Electronics, Inc.; AC Energy, Inc.; and AC Industrial Technology Holdings Inc.

As of June 17, 2020, AC was last traded at 790.5PHP per share. The company is one of the PSE index company and top gainers from yesterday’s trading. Its market price dropped by at least 20% from its 52 week high, largely because of the COVID19 pandemic. But is it now fundamentally cheap to buy? 

In terms of P/E, AC recorded a trailing P/E of 14.6, meaning, for every 1PHP earning last 2019, investors of this company are willing or are paying 14.6Php. With 14.6 P/E and with a growth rate of 10.9% (change in EPS) from 2018 to 2019, the company trailing PEG ratio would be 0.36 which would be considered undervalued, typically, a PEG ratio of less than is in the category of undervalued.

In terms of price to book value per share, the current market price is currently 1.6 times higher than the book value as recorded in their March 2020 financial report, meaning, the company is perceived to be just 1.6 times higher compared to the real worth of the company. In terms of this parameter, It’s also undervalued, typically, PBV of less than 3 is considered undervalued.

In terms of income, as per their March 2020 financial statement, expectedly, it dropped by 17%.

Is this a good stock to accumulate fundamentally in this pandemic period? Based on the parameters above, it suggests that it’s fundamentally cheap to buy in this period. 

Disclaimer: Trade or invest at your own risk.

How expensive is WEB Fundamentally based on their March 2020 fInancial report?

PhilWeb Corporation (WEB) was originally incorporated on August 20, 1969 as South Seas Oil and Mineral Exploration Co. Inc. to engage in mining and oil exploration. The corporate name was later changed to South Seas Natural Resources, Inc. on March 29, 1984. In 2000, the Company again changed its corporate name to PhilWeb.Com, Inc., together with a change in its primary purpose to that of an Internet company. In 2002, the corporate name was changed to the present one. In 2005, the Company changed its primary purpose to that of application service provider for gaming and internet business activities as one of its secondary purposes.

In 2003, the Company received a license from the Philippine Amusement and Gaming Corporation (PAGCOR) to launch e-Games Stations, which are Internet cafes exclusively dedicated to casino games. With technology provided by WEB, patrons can choose from more than 300 casino games, including baccarat, blackjack, various slot machine games, video poker and sports betting. There are currently 288 operating e-Games cafes across the country, majority of which are owned and operated by independent operators. 

WEB’s subsidiaries include BigGame, Inc.; e-Magine Gaming Corporation; PhilWeb Asia-Pacific Corporation; Major Games and Amusement Corporation; and PhilWeb Mobile Lottery Corp., among others.

As of June 15, 2020, WEB was last traded at 2.36php per share. Its market price dropped by at least 50% from its 52 week high, largely because of the COVID19 pandemic, but is it now fundamentally cheap to buy?

In terms of P/E, WEB recorded a negative trailing P/E of 33.7, meaning, for every 1php earning last 2019, investors of this company are willing or is paying negative 33.7. With a negative P/E and with a negative growth rate (change in EPS) from 2018 to 2019, the company trailing PEG ratio would also be negative, which would be overvalued.

In terms of book value per share, the current market price is currently 11.8 times higher than the book value as recorded in their March 2020 financial report, meaning the company is perceived to be 11.8 times higher compare to the real worth of the company. In terms of this parameter, it’s also overvalued

In terms of income, as per their March 2020 financial statement, they also have a negative income.

Is this a good stock to accumulate fundamentally in this pandemic period? Obviously not, this is a stock being traded technically disregarding the fundamental value. 

Disclaimer: Trade or invest at your own risk.

How expensive is BLOOM fundamentally based on their March 2020 financial report?

Bloomberry Resorts Corporation (BLOOM), formerly Active Alliance, Incorporated, was registered with the Securities and Exchange Commission (SEC) on May 3, 1999. BLOOM was a manufacturer of consumer communication and electronic equipment operating in Subic Bay Freeport Zone until 2003, when it suspended business operations. In February 2012, the SEC approved the change in its corporate name to the present one and the change in its primary purpose to that of a holding company for hotel and/or gaming and entertainment business companies.

The Company is the owner and operator (through its subsidiaries) of Solaire Resort & Casino (Solaire), the first integrated resort at the Entertainment City in Parañaque City, Metro Manila. The Company has marketing presence in Korea, Macau, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Taiwan and Japan.

The subsidiaries of the Company are: Sureste Properties Inc. (SPI), which owns and operates the hotel and other non-gaming facilities in Solaire; Bloomberry Resorts and Hotels, Inc., which has a gaming license from the Philippine Amusement and Gaming Corporation, and owns and operates the casino in Solaire; Solaire Korea Co. Ltd. and its subsidiaries Golden & Luxury Co., Ltd., which owns, and has a gaming license to operate, Jeju Sun Hotel & Casino, and Muui Agricultural Corporation, which owns prime real estate in Muui Island in Korea; and Bloom Capital B.V., which owns Solaire de Argentina S.A.

As of June 10, 2020, BLOOM was last traded at 7.88php per share. BLOOM is one of the listed company. It’s market price dropped by at least 30% from it’s 52 week high, largely because of the COVID19 pandemic, but is it now fundamentally cheap to buy?

In terms of P/E, BLOOM recorded a trailing P/E of 8.76, meaning, for every 1PHP earning last 2019, investors of this company are willing or is paying 8.76php. With a 8.76 P/E and with a growth rate of 38.4% (change in EPS) from 2018 to 2019, the company trailing PEG ratio would be just 0.23, which would be considered undervalued since a PEG ratio that is less than 1 is generally considered undervalued.

In terms of book value per share, the current market price is currently 2 times higher than the book value as recorded in their March 2020 financial report, meaning the company is perceived to be 2 times higher compare to the real worth of the company. It seems in terms of this parameter, I say it’s still in the range of undervalued.

In terms of income, as per their March 2020 financial statement, expectedly due to COVID19, the income dropped by 37%.

Is this a good stock to accumulate fundamentally in this pandemic period? Based on the indicators above, it suggest that it is fundamentally cheap to buy in this pandemic period.

Disclaimer: Trade or invest at your own risk.

How expensive SMPH fundamentally based on their March 2020 financial report?

SM Prime Holdings, Inc. (SMPH) was incorporated on January 6, 1994 to acquire and develop real estate, conduct and maintain commercial shopping centers including shopping center spaces for rent, amusement centers, movie or cinema theaters, and to construct and manage buildings such as condominium, apartments, hotels, restaurants, stores and other structures for mixed use purposes. The Company has now four business units, namely, malls, residential, commercial, and hotels and convention centers.

As of December 31, 2018, SMPH has 72 malls in the Philippines and seven shopping malls in China. The malls in China are located in the cities of Xiamen, Jinjiang, Chengdu, Zibo, Chongqing, Tianjin, and Suzhou. The Company has 44 residential projects, 13 commercial projects, six hotels, four convention centers and three trade halls. SMPH also owns Sky Ranch, an amusement park in Tagaytay City and within SM City Pampanga.

Among the Company's subsidiaries are SM Development Corporation; Costa del Hamilo, Inc.; Highlands Prime Inc.; Tagaytay Resort Development Corporation; SM Arena Complex Corporation; SM Hotels and Conventions Corp.; and SM Land (China) Limited.

As of June 9, 2020, SMPH was last traded at 33.5php per share. SMPH is one of the listed company. Its market price dropped by at least 20% from its 52 week high, largely because of the COVID19 pandemic, but is it now fundamentally cheap to buy?

In terms of P/E, SMPH recorded a trailing P/E of 25.38, meaning, for every 1php earning last 2019, investors of this company are willing or is paying 25.38php. With a 25.38 P/E and with a growth rate of 17.8% (change in EPS) from 2018 to 2019, the company trailing PEG ratio would be 1.42, which would be considered a bit of overvalued. A PEG ratio that is more than 1 is generally considered as overvalued.

In terms of book value per share, the current market price is currently 3.2 times higher than the book value as recorded in their March 2020 financial report, meaning the company is still perceived to be 3.2 times higher compare to the real worth of the company. It seems in terms of this parameter, it’s still overvalued

In terms of income, as per their March 2020 financial statement, expectedly due to COVID19 dropped by 5.4%.

Is this a good stock to accumulate fundamentally in this pandemic period? Based on the indicators above, it seems not good since even though the price dropped, it is still under the range of overvalued.

Disclaimer: Trade or invest at your own risk.

How Expensive is Now Corporation (NOW) fundamentally based on their September 2017 Quarterly Report?

Planning to buy NOW Corporation share but wondering if its worth buying. Watch the video for some insights.

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How Expensive is East West Banking Corporation (EW) fundamentally based on their September 2017 Quarterly Report?

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How Expensive is Apex Mining Company, Inc. (APX) fundamentally based on their September 2017 Quarterly Report?

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How Expensive is D&L Industries, Inc. (DNL) fundamentally based on their June 2017 Quarterly Report?

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How Expensive is BDO Unibank Inc. (BDO) now fundamentally based on their June 2017 Quarterly Report?

Planning to buy BDO but wondering if it's expensive fundamentally? Watch the video.

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How Expensive is SM Prime Holdings, Inc. (SMPH) now fundamentally based on their June 2017 Quarterly Report?

SM Prime Holdings, Inc. (SMPH) was incorporated on January 6, 1994 to acquire and develop real estate, conduct and maintain commercial shopping centers including shopping center spaces for rent, amusement centers, movie or cinema theaters, and to construct and manage buildings such as condominium, apartments, hotels, restaurants, stores and other structures for mixed use purposes. The Company has now four business units, namely, malls, residential, commercial, and hotels and convention centers.

As of December 31, 2016, SMPH has 60 malls in the Philippines and seven shopping malls in China. The malls in China are located in the cities of Xiamen, Jinjiang, Chengdu, Zibo, Chongqing, Tianjin, and Suzhou. The Company has 33 residential projects, 31 of which are in Metro Manila and two in Tagaytay. SMPH also owns Sky Ranch, an amusement park that was first launched in Tagaytay, adjacent to the Taal Vista Hotel, and later replicated within SM City Pampanga in the City of San Fernando.

Among the Company's subsidiaries are SM Development Corporation; Costa del Hamilo, Inc.; Highlands Prime, Inc.; Tagaytay Resort and Development Corporation; SM Arena Complex Corporation; SM Hotels and Conventions Corp.; and SM Land (China) Limited.

As of Oct 13, 2017, SMPH was last traded price at 36.5Php. This is 4.38 times higher compared to the recorded book value as according to their June 2017 quarterly report. In terms of this parameter, a value investor may find the market price expensive already but on the others hand, the investors may be seeing something that leads them to believe that the company should be worth 4.38 times higher than what it's really worth perhaps, they see potential earning in the future or other else.

In terms of P/E, the company recorded a trailing P/E of 43.98 meaning, for every 1PHP earning last 2016, investors of this company are willing or is paying 43.98Php. In terms of P/E, it seems like it's also overvalued but, how does the P/E value paired with the company growth rate? With a drop of growth rate from 2015 to 2016, the company trailing PEG ratio would be negative which means, investors of this company are paying 43.98Php for every 1PHP income last 2016 even if the company losses from 2015 to 2016. A value investor may find this share to be overvalued given the fundamental parameters as highlighted above.

The first 6 months net income attributable to parent this year increased by 14.2% in comparison to last year first 6months net income.

Disclaimer: Trade or invest at your own risk.

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How Expensive is Harbor Star Shipping Services, Inc. (TUGS) now fundamentally based on their June 2017 Quarterly Report?

Harbor Star Shipping Services, Inc. (TUGS) was registered with the Securities and Exchange Commission (SEC) on July 5, 1988 under the name Seatows, Inc. The Company's primary purpose is to engage in ocean towage, commerce and navigation in the carriage of goods and passengers by water upon the oceans, seas, sounds, lakes, rivers, canals, bays, harbors, and other waterways between the various ports of the Philippines and between such ports and other ports in the world.

The Company's service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair and maintenance works, and other marine services. On August 11, 2015, TUGS secured the approval of the SEC to expand its business scope to include international marine commerce; manning, recruitment, ship and crew management; operate liner/feeder vessels and logistics operations; invest in, develop, manage and/or operate in domestic and international shipyards, ports and terminals; construction and rehabilitation of marine facilities; and real estate development.

TUGS has two subsidiaries, Harbor Star Subic Corp., which offers marine-related ancillary services such as harbor assistance, towage, lighterage, oil spill response and underwater marine services; and Peak Flag Sdn Bhd, a company incorporated in Malaysia to provide tugboat harbor assist/marine support services at the North and Kuantan Ports.

As of December 31, 2016, TUGS has operations in 15 base ports all over the country. The major ports that TUGS services include the Manila International Container Terminal, Bataan, Batangas, Cagayan de Oro, and Davao. The Company maintains and manages a fleet of 40 tugboats, five barges, a cargo vessel, an oil spill response vessel, and an anchor handling tug supply vessel.

As of Oct 13, 2017, TUGS was last traded price at 2.3Php. This is just 0.89 times lower compared to the recorded book value as according to their June 2017 quarterly report. In terms of this parameter, a value investor may find the market price to be quite a bargain.

In terms of P/E, the company recorded a trailing P/E of 12.78 meaning, for every 1PHP earning last 2016, investors of this company are willing or is paying 12.78Php. In terms of P/E, it seems like it's also in the range of not expensive yet now, let us take a look further on the company PEG ratio. With the P/E value and with a growth rate of just 38.46% from 2015 to 2016, the company trailing PEG ratio would only be 0.33 which means, investors of this company are paying 12.78Php for every 1PHP income last 2016 for a growth rate of 38.46%. It seems like, in terms of this parameter, a value investor may also find this share undervalued since the PEG ratio is less than 1.

You must be wondering, if the fundamental is good then why does the trend seems bearish? Well, I cannot really be certain, my best guess is because of its income. The first 6 months net income attributable to parent this year drop by 34.46% in comparison to last year first 6months net income. If the income trend continues to drop until the end of the year, the growth rate in comparison to 2016 would be negative hence, the PEG ratio next year will not be that attractive.

Disclaimer: Trade or invest at your own risk.

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How Expensive is Crown Asia Chemical Corp (CROWN) now fundamentally based on their June 2017 Quarterly Report?

Crown Asia Chemicals Corporation (CROWN) was incorporated and registered with the Securities and Exchange Commission (SEC) as Crown Asia Compounders Corporation on February 10, 1989 primarily to engage in, operate, conduct, and maintain the business of manufacturing, importing, exporting, buying, selling or otherwise dealing in, at wholesale and retail such goods as plastic and/or synthetic resins and compounds and other allied or related products of similar nature. On September 29, 2014, the SEC approved the change of the Company’s name to the present one.

In 1998, the Company began the production of PVC flexible electrical pipes. Soon after, the Company’s range of product lines expanded further with the introduction of PVC electrical conduit pipes and potable water pipes in 2000, and sanitary pipes and fittings in 2002. In 2003, the Company started to develop and market PVC compounds for use in integrated circuit (IC) packaging tubes, films and bottles, as well as door and window profiles. In 2006, CROWN explored the HDPE market by engaging in marketing and trading HDE pipes and fittings, which were supplied by and HDPE pipes manufacturer and importer. In November 2013, the Company started manufacturing its own HDPE pipes.

At present, CROWN is engaged in the production of plastic compounds, plastic pipes and other related products such as polyvinyl chloride (PVC) pellets, which are used directly and indirectly in the construction and telecommunications industries. The Company derives its revenues from the operations of its two business groups, namely, the compounds group and the pipes group. CROWN sells its compounds to manufacturers of wires and cables, IC tubes, films and sheets, and bottles, among others, while of pipes are sold to hardware dealers, wholesalers, and distributors and to bidded construction projects. 

The Company’s products are located in Guiguinto, Bulacan and in its Davao branch.

As of Sept 29, 2017, CROWN was last traded price at 1.93Php. This is just 1.25 times higher compared to their recorded book value as according to their June 2017 quarterly report. In terms of this parameter, a value investor may find the market price to be still acceptable. 

In terms of P/E, the company recorded a trailing P/E of 10.7 meaning, for every 1PHP earning last 2016, investors of this company are willing or is paying 10.7Php. In terms of P/E, it seems like it's not yet expensive but, let us take a look further on the company PEG ratio. With the P/E value and with a growth rate of just 5.88% from 2015 to 2016, the company trailing PEG ratio would be 1.8 which means, investors of this company are paying 10.7Php for every 1PHP income last 2016 for a growth rate of only 5.88%. In terms of this parameter, a value investor may find this share to be overvalued since the PEG ratio is already more than 1.

In terms of income, the first 6 months net income after tax this year increases by 4.9% in comparison to last year first 6months net income.

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