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Philippines
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Basic Energy Corporation

Main Activities: Oil and Gas Extraction

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Company Information

Full name
Basic Energy Corporation

Headquarters
6&7/F Basic Petroleum Bldg 104 Carlos Palanca Jr St; Makati ; National Capital Region; 1229
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: SyCip, Gorres, Velayo & Company (2011)
Incorporation Date: September 19, 1968
Total Employees: 20

Tel: (63 2) 8178596

Company Description

Basic Energy Corporation (BSC) was originally incorporated as Basic Enterprises, Inc. on September 19, 1968 and became an oil and gas exploration and development company on April 26, 1971, assuming a new name, Basic Petroleum and Minerals, Inc. Over the years, BSC evolved from an operating company to a holding company under the corporate name, Basic Consolidated, Inc. In 2007, in line with the inclusion among its primary purposes the production of ethanol and other biofuels, and the development of
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the third quarter of 2012, total net operating revenues decreased with -98.45%, from PHP 41,514 thousands to PHP 642 thousands. Operating Results decreased from PHP 27,406 thousands to PHP -9,208 thousands. The results of the period reached PHP -6,488 thousands at the end of the period against PHP 29,402 thousands last year. Return on equity (Net income/Total equity) went from 5.17% to -0.86%, the Return On Asset (Net income / Total Asset) went from 5.01% to -0.84% and the Net Profit Margin (Net Income/Net Sales) went from 70.82% to -1010.59% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 2.42% compared to 3.16% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 63.69 to 121.00 when compared to the previous year.

Key Executives

Oscar C De Venecia Chairman
Francis C. Chua Vice- Chairman
Ramon L Mapa Vice- Chairman
Oscar C. De Venecia President
Eduardo Valenzuela Manalac Director
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Companies with Similar Main Activities

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Balance Sheet

Total Assets

859,455

771,083

Current Assets

257,528

401,831

Total Liabilities

22,650

18,183

Shareholders Equity

836,805

752,900

Current Liabilities

2,513

3,321

* All the accounts are in PHP.
Income Statement

Total Operating Revenue

300,171

642

Operational Profit (Loss)

247,438

-9,208

Net Profit (Loss)

245,444

-6,488

* All the accounts are in PHP.
Ratios
Profitability Ratios

Return on Assets (ROA)

28.56%

-0.84%

Annualised Return on Assets (ROA)

28.56%

-3.36%

Return on Equity (ROE)

29.33%

-0.86%

Annualised Return on Equity (ROE)

29.33%

-3.44%

Return on Capital

29.33%

-0.86%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

251,214

-9,208

EBITDA

254,856

-8,311

Enterprise value

457,036

327,609

Enterprise Value / EBITDA

1.79

-39.42

Bookvalue (BV)

859,455

771,083

Net Cash

199,924

304,118

Liquidity Ratios

Current Ratio

10,247.83%

12,099.7%

Quick ratio

10,247.83%

12,099.7%

Doom's day ratio

8,055.59%

9,257.42%

Leverage Ratios

Leverage ratio

102.71%

102.42%

Debt to equity

2.71%

2.42%

Debt to total assets

2.64%

2.36%

Long Term Debt to Capital

3.19%

2.38%

Market ratios

Market Capitalization/EBITDA

2.59

-76.41

Price/Book Ratio

0.85

0.95

Market Cap / Net cash

3.30

2.09

Trend Ratios

Net Income Trend

210.94%

-22.07%

Operating Income Trend

160.95%

-31.26%