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SPC Power Corporation
Main Activities: Electric Power Generation, Transmission and Distribution
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Company Information |
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Full name SPC Power Corporation Headquarters 7F Citibank Ctr 8741 Paseo de Roxas St; Makati ; National Capital Region; 1226 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational CIBI: AS94002365 Financial Auditors: SyCip, Gorres, Velayo & Company (2011) Incorporation Date: March 11, 1994 Total Employees: 231 Tel: (63 2) 8104450 |
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Company Description |
| Salcon Power Corporation (SPC) is a power producer and distributor. SPC has been contracted by the National Power Corporation (NPC) to rehabilitate, operate, maintain and manage (ROMM Agreement) the Naga Power Plant Complex (Power Complex) in Colon, Naga in Cebu over the Cooperation Period that is extended up to year 2012. The Power Complex has a contracted capacity of 203.8 MW and guaranteed net capacity of 185.8 MW. As defined in the ROMM agreement, the NPC pays SPC base energy rate fees in | ||
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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 37.83%, from PHP 1,353,536 thousands to PHP 1,865,524 thousands. Operating result increased from PHP 460,082 thousands to PHP 1,209,999 thousands which means 163.00% change. The results of the period increased 181.43% reaching PHP 987,155 thousands at the end of the period against PHP 350,769 thousands last year. Return on equity (Net income/Total equity) went from 9.04% to 20.23%, the Return On Asset (Net income / Total Asset) went from 7.60% to 17.61% and the Net Profit Margin (Net Income/Net Sales) went from 25.92% to 52.92% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 18.73% compared to 21.49% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.04 to 4.45 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 |
5,606,287 |
5,542,273 |
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Current Assets |
1,976,173 |
1,947,889 |
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Total Liabilities |
914,083 |
1,067,116 |
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Shareholders Equity |
4,879,777 |
4,631,960 |
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Current Liabilities |
443,775 |
627,184 |
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| * All the accounts are in PHP. | ||
Income Statement
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Total Operating Revenue |
1,865,524 |
1,217,531 |
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Operational Profit (Loss) |
1,209,999 |
909,348 |
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Net Profit (Loss) |
987,155 |
770,108 |
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| * All the accounts are in PHP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
17.61% |
13.9% |
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Annualised Return on Assets (ROA) |
23.48% |
27.8% |
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Return on Equity (ROE) |
21.04% |
17.21% |
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Annualised Return on Equity (ROE) |
28.05% |
34.42% |
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Return on Sales (ROS) |
56.33% |
67.75% |
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Return on Capital |
20.57% |
16.8% |
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Gross Profit Margin |
41.23% |
39.39% |
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Operating Profit Margin |
36.21% |
33.84% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
4.09x |
2.26x |
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Inventory Turnover |
6.50x |
4.54x |
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Current asset turnover |
0.89x |
0.58x |
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Fixed-asset turnover |
0.48x |
0.32x |
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Asset Turnover |
0.31x |
0.21x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
725,061 |
450,215 |
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EBITDA |
747,584 |
465,523 |
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Enterprise value |
7,642,898 |
9,295,111 |
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Enterprise Value / EBITDA |
10.22 |
19.97 |
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Bookvalue (BV) |
5,499,999 |
5,433,300 |
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Net Cash |
839,393 |
560,873 |
| Liquidity Ratios | ||
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Current Ratio |
445.31% |
310.58% |
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Quick ratio |
409.63% |
286.36% |
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Doom's day ratio |
289.15% |
189.43% |
| Leverage Ratios | ||
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Leverage ratio |
119.48% |
123.85% |
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Interest Coverage Ratio |
6,794.05% |
6,298.48% |
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Debt to equity |
19.48% |
23.85% |
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Debt to total assets |
16.3% |
19.25% |
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Long Term Debt to Capital |
23.06% |
21.89% |
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Debt / Enterprise Value |
1.39% |
1.17% |
| Market ratios | ||
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Market Capitalization/EBITDA |
11.55 |
21.95 |
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Price/Book Ratio |
1.57 |
1.88 |
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Market Cap / Net cash |
10.28 |
18.22 |
| Trend Ratios | ||
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Revenue Trend |
152.21% |
151.47% |
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Net Income Trend |
281.43% |
431.06% |
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Operating Income Trend |
224.16% |
193.09% |
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