Company Valuation: Belle Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 16,695 13,180 11,830 11,345 16,096 12,799
Change - -21.05% -10.25% -4.1% 41.88% -20.48%
Enterprise Value (EV) 1 27,798 24,447 21,517 20,740 26,853 20,655
Change - -12.05% -11.99% -3.61% 29.48% -23.08%
P/E 16.1x 22.1x 8.25x 5.87x 6.72x 5.95x
PBR 0.6x 0.44x 0.35x 0.31x 0.41x 0.32x
PEG - -0.5x 0x 0.2x 0.3x -0.6x
Capitalization / Revenue 4.1x 3.94x 2.26x 2.07x 2.83x 2.47x
EV / Revenue 6.83x 7.31x 4.12x 3.78x 4.72x 3.99x
EV / EBITDA 14.7x 13.8x 7.49x 6.21x 7.06x 6.29x
EV / EBIT 23.1x 48.4x 9.18x 7.51x 8.66x 8.28x
EV / FCF -20.6x 27.9x 14.9x 5.49x 12x 7.49x
FCF Yield -4.86% 3.59% 6.72% 18.2% 8.35% 13.3%
Dividend per Share 2 - - 0.06 - 0.06 0.06
Rate of return - - 4.92% - 3.61% 4.55%
EPS 2 0.106 0.0611 0.1478 0.1994 0.2472 0.2219
Distribution rate - - 40.6% - 24.3% 27%
Net sales 1 4,068 3,345 5,227 5,488 5,691 5,179
EBITDA 1 1,896 1,770 2,874 3,340 3,806 3,284
EBIT 1 1,203 505.6 2,345 2,762 3,103 2,496
Net income 1 1,001 577 1,396 1,884 2,334 2,096
Net Debt 1 11,103 11,267 9,687 9,395 10,757 7,856
Reference price 2 1.710 1.350 1.220 1.170 1.660 1.320
Nbr of stocks (in thousands) 9,763,126 9,763,127 9,696,464 9,696,464 9,696,464 9,696,464
Announcement Date 19/4/21 2/3/22 1/3/23 29/2/24 24/2/25 27/2/26
1PHP in Million2PHP
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 193M
15.81x4.97x13.39x3.21% 44.96B
8.7x1.5x7.85x4.08% 30.07B
18.88x4.02x16.4x1.32% 28.9B
6.02x0.74x1.53x8.36% 28.78B
13.7x3.04x14.59x2.56% 25.3B
8.43x0.93x3.4x2.65% 21.55B
9.12x2.36x7.24x3.82% 21.5B
14.1x6.63x17.74x1.51% 20.59B
10.11x1.64x14.19x3.74% 18.42B
Average 11.65x 2.87x 10.70x 3.47% 24.03B
Weighted average by Cap. 12.05x 3.00x 10.75x 3.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  2. Stocks
  3. BEL Stock
  4. Valuation Belle Corporation