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First Abacus Financial Holdings Corporation
Main Activities: Investment Brokerage and Other Financial Investments
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Company Information |
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Full name First Abacus Financial Holdings Corporation Headquarters 2902-D East Tower PSE Ctr Exchange Rd Ortigas Ctr; Pasig; National Capital Region; 1605 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Punongbayan & Araullo (2012) Incorporation Date: February 15, 1994 Total Employees: 64 Tel: (63 2) 6357986 |
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Company Description |
| First Abacus Financial Holdings Corporation (FAF) is principally engaged in various financial services. FAF owns 100 % of Abacus Capital & Invts. Corp (ACIC), an investment house that operates via cash and stock swap. ACIC provides financial services in the areas of Corporate Finance, Treasury Sales and Financing. Corporate Finance engages in equity underwriting transactions, financial advisory and debt underwriting and loan arrangements. Treasury Sales offers government securities, treasury | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 180.73%, from PHP 191,689 thousands to PHP 538,119 thousands. Operating result increased from PHP 175,100 thousands to PHP 404,069 thousands which means 130.76% change. The results of the period increased 346.10% reaching PHP 302,789 thousands at the end of the period against PHP 67,874 thousands last year. Return on equity (Net income/Total equity) went from 2.35% to 12.78%, the Return On Asset (Net income / Total Asset) went from 1.40% to 6.82% and the Net Profit Margin (Net Income/Net Sales) went from 35.41% to 56.27% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 87.28% compared to 67.86% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 9.05 to 2.00 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Q3C (cons) |
2012 Q2C (cons) |
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| Non-Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
4,437,159 |
4,572,112 |
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Current Assets |
4,140,943 |
4,276,685 |
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Total Liabilities |
2,067,955 |
2,171,619 |
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Shareholders Equity |
2,369,204 |
2,400,493 |
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Current Liabilities |
2,067,955 |
2,171,619 |
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| * All the accounts are in PHP. | ||
Income Statement
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Total Operating Revenue |
538,119 |
201,541 |
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Operational Profit (Loss) |
404,069 |
104,001 |
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Net Profit (Loss) |
302,789 |
41,414 |
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| * All the accounts are in PHP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.82% |
0.91% |
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Annualised Return on Assets (ROA) |
9.09% |
1.82% |
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Return on Equity (ROE) |
12.78% |
1.73% |
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Annualised Return on Equity (ROE) |
17.04% |
3.46% |
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Return on Sales (ROS) |
229.48% |
41.67% |
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Return on Capital |
12.78% |
1.73% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
11.69% |
10.92% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
0.13x |
2.79x |
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Current asset turnover |
0.03x |
0.02x |
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Fixed-asset turnover |
0.45x |
0.34x |
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Asset Turnover |
0.03x |
0.02x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
407,353 |
104,001 |
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EBITDA |
421,605 |
113,007 |
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Enterprise value |
2,626,899 |
745,075 |
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Enterprise Value / EBITDA |
6.23 |
6.59 |
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Bookvalue (BV) |
2,677,007 |
4,572,112 |
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Net Cash |
-2,015,938 |
-2,009,862 |
| Liquidity Ratios | ||
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Current Ratio |
200.24% |
196.94% |
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Quick ratio |
200.24% |
196.94% |
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Doom's day ratio |
2.52% |
7.45% |
| Leverage Ratios | ||
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Leverage ratio |
187.28% |
190.47% |
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Interest Coverage Ratio |
366.3% |
143.81% |
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Debt to equity |
87.28% |
90.47% |
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Debt to total assets |
46.61% |
47.5% |
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Debt / Enterprise Value |
67% |
0% |
| Market ratios | ||
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Market Capitalization/EBITDA |
2.18 |
8.02 |
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Price/Book Ratio |
0.36 |
0.21 |
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Market Cap / Net cash |
-0.46 |
-0.45 |
| Trend Ratios | ||
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Revenue Trend |
89.62% |
115.43% |
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Net Income Trend |
446.1% |
81.48% |
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Operating Income Trend |
614.2% |
84.1% |
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