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Vantage Equities, Inc.
Main Activities: Information - Investment Brokerage and Other Financial Investments
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Company Information |
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Full name Vantage Equities, Inc. Headquarters 2703 East Tower Philippine Stock Exchange Centre Exchange Rd Ortigas Ctr; Pasig; National Capital Region; 1605 Legal Address 38/F Discovery Ctr 26 ADB Ave Ortigas Ctr; Pasig; National Capital Region; 1605 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational CIBI: AS092007059 Financial Auditors: SyCip, Gorres, Velayo & Company (2011) Incorporation Date: October 20, 1992 Total Employees: 11 Tel: (63 2) 9106389 |
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Company Description |
| iVantage Corporation (V) is a financial holding and investments company. The main businesses of V are IT and finance. The wholly owned subsidiary, e-Business Services, Inc. (e-Business) is involved in local and international e-commerce payment and fund transfer services. It has an existing contract with Western Union Financial Services, Inc. covering its remittance services and money transfer until September of 2008. Through e-Business, V owns 100 % of eBIZ Financial Services, Inc. which is primarily | ||
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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 decreased with -10.34%, from PHP 687,418 thousands to PHP 616,320 thousands. Operating result decreased from PHP 385,558 thousands to PHP 268,101 thousands which means -30.46% change. The results of the period decreased -25.39% reaching PHP 310,588 thousands at the end of the period against PHP 416,259 thousands last year. Return on equity (Net income/Total equity) went from 8.25% to 4.92%, the Return On Asset (Net income / Total Asset) went from 7.68% to 4.54% and the Net Profit Margin (Net Income/Net Sales) went from 60.55% to 50.39% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 10.61% compared to 9.94% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.87 to 3.08 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 |
6,846,717 |
7,308,825 |
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Current Assets |
1,625,147 |
1,939,951 |
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Total Liabilities |
669,814 |
1,251,378 |
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Shareholders Equity |
6,311,958 |
6,187,382 |
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Current Liabilities |
527,047 |
1,113,356 |
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| * All the accounts are in PHP. | ||
Income Statement
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Total Operating Revenue |
616,320 |
365,844 |
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Operational Profit (Loss) |
268,101 |
135,477 |
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Net Profit (Loss) |
310,588 |
192,075 |
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| * All the accounts are in PHP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
4.54% |
2.63% |
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Annualised Return on Assets (ROA) |
6.05% |
5.26% |
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Return on Equity (ROE) |
5.03% |
3.17% |
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Annualised Return on Equity (ROE) |
6.71% |
6.34% |
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Return on Sales (ROS) |
55.04% |
60.54% |
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Return on Capital |
5.03% |
3.17% |
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Gross Profit Margin |
87.95% |
86.23% |
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Operating Profit Margin |
40.52% |
30.05% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
138.18x |
47.97x |
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Current asset turnover |
0.35x |
0.16x |
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Fixed-asset turnover |
0.11x |
0.06x |
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Asset Turnover |
0.08x |
0.04x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
268,101 |
135,477 |
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EBITDA |
280,638 |
143,914 |
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Enterprise value |
3,822,240 |
3,501,792 |
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Enterprise Value / EBITDA |
13.62 |
24.33 |
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Bookvalue (BV) |
6,598,858 |
6,489,580 |
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Net Cash |
258,515 |
424,797 |
| Liquidity Ratios | ||
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Current Ratio |
308.35% |
174.24% |
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Quick ratio |
308.35% |
174.24% |
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Doom's day ratio |
149.05% |
138.15% |
| Leverage Ratios | ||
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Leverage ratio |
110.84% |
120.66% |
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Interest Coverage Ratio |
4,377.87% |
4,623.79% |
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Debt to equity |
10.84% |
20.66% |
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Debt to total assets |
9.78% |
17.12% |
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Long Term Debt to Capital |
6% |
5.82% |
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Debt / Enterprise Value |
6.48% |
23.4% |
| Market ratios | ||
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Market Capitalization/EBITDA |
15.05 |
28.43 |
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Price/Book Ratio |
0.64 |
0.62 |
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Market Cap / Net cash |
16.34 |
9.63 |
| Trend Ratios | ||
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Revenue Trend |
86.48% |
80.86% |
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Net Income Trend |
74.61% |
73.37% |
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Operating Income Trend |
69.28% |
60.26% |
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