More Energy For $EDC

image_pdfimage_print

As discussed from the Live Stream…

EDC’s geothermal power projects engage in two principal activities: 1) the production of geothermal steam for use at EDC and its subsidiaries’ geothermal power plants; and 2) the generation and sale of electricity through those geothermal power plants pursuant to take-or-pay power offtake arrangements. EDC operates commercial operations in four of its 14 geothermal service contract areas namely, Tongonan geothermal project; Southern Negros geothermal project; Bacon-Manito geothermal project; and Mt. Apo geothermal project.

EDC is also into hydro power generation through its 60% equity interest in FG Hydro Power Corporation, which operates the Pantabangan-Masiway hydroelectric plants in Nueva Ecija. The Company likewise holds 10 wind energy service contracts covering areas in Ilocos Norte and Negros Occidental.

The Company’s subsidiaries include EDC Drillco Corporation; EDC Geothermal Corp.; EDC Holdings International Limited; EDC Wind Energy Holdings, Inc.; EDC Chile Limitada; and EDC Bright Solar Energy Holdings, Inc.

Let’s look at the fundamentals…

Annual

For the fiscal year ended : Dec 31, 2014
Currency(and units, if applicable) : Peso

Balance Sheet
Item Current Year Previous Year
Current Assets 25,066,785,202 24,340,366,326
Total Assets 124,499,464,926 105,005,504,336
Current Liabilities 18,250,762,866 8,907,923,561
Total Liabilities 80,879,378,449 68,760,545,431
Retained Earnings/(Deficit) 21,095,090,585 13,204,236,334
Stockholders’ Equity 43,620,086,477 36,244,958,905
Stockholders’ Equity – Parent 42,130,005,019 34,238,167,498
Book Value 2.32 1.93
Income Statement
Item Current Year Previous Year
Gross Revenue 30,867,199,917 25,656,270,470
Gross Expense 17,826,601,488 19,542,217,284
Net Income/(Loss) Before Tax 13,040,598,429 6,114,053,186
Net Income/(Loss) After Tax 11,818,009,028 5,628,069,837
Net Income/(Loss) Attributable to Parent 11,681,155,539 4,739,577,464
Earnings/(Loss) Per Share (Basic) 0.62 0.25
Earnings/(Loss) Per Share (Diluted) 0.62 0.25

Quarterly

For the period ended : Sep 30, 2015
Currency(and units, if applicable) : PHP

Balance Sheet
Item Period Ended Fiscal Year Ended(Audited)
Current Assets 27,981,883,395 25,066,785,202
Total Assets 132,489,462,123 124,499,464,926
Current Liabilities 16,134,062,203 18,250,762,866
Total Liabilities 87,058,046,747 80,879,378,449
Retained Earnings/(Deficit) 23,015,433,191 21,095,090,585
Stockholders’ Equity 45,431,415,376 43,620,086,477
Stockholders’ Equity – Parent 43,850,786,008 42,130,005,019
Book Value 2.42 2.33
Income Statement
Item Current Year (3 Months) Previous Year (3 Months) Current Year-To-Date Previous Year-To-Date
Gross Revenue 8,548,705,916 7,755,499,596 25,324,102,231 22,982,750,535
Gross Expense 7,120,101,059 3,267,705,656 18,527,750,287 11,390,318,979
Net Income/(Loss) Before Tax 1,428,604,857 4,487,793,940 6,796,351,944 11,592,431,556
Net Income/(Loss) After Tax 1,283,389,866 4,063,254,494 6,083,890,516 10,543,721,394
Net Income/(Loss) Attributable to Parent 1,256,786,123 4,091,477,633 5,865,342,606 10,376,801,597
Earnings/(Loss) Per Share (Basic) 0.07 0.22 0.31 0.55
Earnings/(Loss) Per Share (Diluted) 0.07 0.22 0.31 0.55

And then let’s look at the stock for $EDC

Status Open Market Capitalization 98,574,504,000.00
Issue Type Common Outstanding Shares 18,740,400,000
ISIN PHY2292T1026 Listed Shares 18,750,000,000
Listing Date Dec 13, 2006 Issued Shares 18,750,000,000
Board Lot 100 Free Float Level(%) 49.26%
Par Value 1.00 Foreign Ownership Limit(%) 40%
Last Traded Price 5.23 Open 5.33 Previous Close and Date 5.26 (Feb 04, 2016)
Change(% Change) down  0.030 ( 0.57%) High 5.36 P/E Ratio
Value 85,793,951.00 Low 5.20 Sector P/E Ratio
Volume 16,367,700 Average Price 5.24 Book Value
52-Week High 9.13 52-Week Low 5.14 P/BV Ratio

 

Currently there are 9,233,525,739 shares circulating in the market. So there are only two roles here, a whale and a plankton. Do you know where you are?

As far as SWAG-SAGO is concerned there is a good opportunity for this stock.

EDC-02072016

Recommendation: BUY/ BUY ON WEAKNESS / ACCUMULATE

As mandated by law, as Certified Securities Representative, I CAN NOT GUARANTEE AGAINST LOSS.

Leave a Reply

Your email address will not be published. Required fields are marked *