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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).

Primex Corporation

Main Activities: Computer and Electronic Product Manufacturing - Electrical Equipment, Appliance, and Component Manufacturing - Residential Building Construction

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Company Information

Full name
Primex Corporation

Headquarters
G/F Richbelt Terraces 19 Annapolis St Greenhills; San Juan; National Capital Region; 1502
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: SyCip, Gorres, Velayo & Company (2011)
Incorporation Date: July 17, 1986
Total Employees: 7

Tel: (63 2) 7228078

Company Description

Primex Corporation (PRMX) is a real estate developer. PRMX caters to the broad market and utilizes outside personnel for marketing, operations and engineering services. The company's projects are three high-end residential properties. These projects are the Goldendale Village situated in Malabon, The Richdale along Sumulong Highway in Antipolo City and the Goldendale II, a newly completed 4.6 ha mixed-use project that is to be marketed on a lots-only basis. Another is the development of Primex
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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 58.49%, from PHP 7,146 thousands to PHP 11,326 thousands. Operating result increased from PHP 1,077 thousands to PHP 3,656 thousands which means 239.46% change. The results of the period increased 188.19% reaching PHP 3,660 thousands at the end of the period against PHP 1,270 thousands last year. Return on equity (Net income/Total equity) went from 0.31% to 0.87%, the Return On Asset (Net income / Total Asset) went from 0.28% to 0.77% and the Net Profit Margin (Net Income/Net Sales) went from 17.77% to 32.32% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 12.98% compared to 11.13% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 10.03 to 8.72 when compared to the previous year.

Key Executives

Ernest0 O Ang Chairman
Ernest0 O Ang President
Eduardo O Ang Executive Vice President
Emilio O Ang Vice President
Ericson O Ang Vice President - Legal
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Companies with Similar Main Activities

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Balance Sheet

Total Assets

478,249

474,317

Current Assets

460,494

457,622

Total Liabilities

61,336

54,500

Shareholders Equity

416,913

419,817

Current Liabilities

59,018

52,466

* All the accounts are in PHP.
Income Statement

Total Operating Revenue

15,426

11,326

Operational Profit (Loss)

-3

3,656

Net Profit (Loss)

756

3,660

* All the accounts are in PHP.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.16%

0.77%

Annualised Return on Assets (ROA)

0.16%

1.03%

Return on Equity (ROE)

0.18%

0.87%

Annualised Return on Equity (ROE)

0.18%

1.16%

Return on Sales (ROS)

6.51%

44.89%

Return on Capital

0.18%

0.87%

Gross Profit Margin

65.33%

100%

Operating Profit Margin

-22.29%

20.63%

Efficiency Ratios

Accounts Receivable Turnover

0.55x

0.31x

Inventory Turnover

0.01x

0x

Current asset turnover

0.03x

0.02x

Fixed-asset turnover

0.65x

0.49x

Asset Turnover

0.02x

0.02x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-3

3,656

EBITDA

1,234

4,854

Enterprise value

1,101,063

1,043,216

Enterprise Value / EBITDA

892.27

214.92

Bookvalue (BV)

478,249

474,317

Net Cash

-57,281

-51,086

Liquidity Ratios

Current Ratio

780.26%

872.23%

Quick ratio

45.45%

56.34%

Doom's day ratio

2.94%

2.63%

Leverage Ratios

Leverage ratio

114.71%

112.98%

Debt to equity

14.71%

12.98%

Debt to total assets

12.83%

11.49%

Long Term Debt to Capital

0.75%

0.66%

Market ratios

Market Capitalization/EBITDA

893.68

215.20

Price/Book Ratio

2.31

2.20

Market Cap / Net cash

-19.25

-20.45

Trend Ratios

Revenue Trend

77.85%

151.96%

Net Income Trend

17.87%

288.19%

Operating Income Trend

-0.08%

339.46%