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URC

Universal Robina PSE:URC Stock Report

Last Price

₱108.00

Market Cap

₱235.6b

7D

13.7%

1Y

-25.5%

Updated

30 Jun, 2022

Data

Company Financials +
URC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

URC Stock Overview

Universal Robina Corporation operates as a branded food product company in the Philippines and internationally.

Universal Robina Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Universal Robina
Historical stock prices
Current Share Price₱108.00
52 Week High₱150.80
52 Week Low₱93.25
Beta0.82
1 Month Change0%
3 Month Change-9.47%
1 Year Change-25.47%
3 Year Change-37.21%
5 Year Change-34.54%
Change since IPO751.66%

Recent News & Updates

Shareholder Returns

URCPH FoodPH Market
7D13.7%2.6%1.9%
1Y-25.5%-28.5%-7.6%

Return vs Industry: URC exceeded the PH Food industry which returned -28.5% over the past year.

Return vs Market: URC underperformed the PH Market which returned -7.6% over the past year.

Price Volatility

Is URC's price volatile compared to industry and market?
URC volatility
URC Average Weekly Movement5.8%
Food Industry Average Movement6.3%
Market Average Movement5.3%
10% most volatile stocks in PH Market10.1%
10% least volatile stocks in PH Market3.0%

Stable Share Price: URC is not significantly more volatile than the rest of PH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: URC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195413,894Irwin Leehttps://www.urc.com.ph

Universal Robina Corporation operates as a branded food product company in the Philippines and internationally. It operates through three segments: Branded Consumer Foods, Agro-Industrial Products, and Commodity Food Products. The Branded Consumer Foods segment manufactures and distributes a range of salty snacks, chocolates, candies, biscuits, packed cakes, beverages, instant noodles, pasta, and bakery products, as well as ready-to-drink tea products.

Universal Robina Fundamentals Summary

How do Universal Robina's earnings and revenue compare to its market cap?
URC fundamental statistics
Market Cap₱235.63b
Earnings (TTM)₱12.73b
Revenue (TTM)₱122.27b

18.5x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
URC income statement (TTM)
Revenue₱122.27b
Cost of Revenue₱88.63b
Gross Profit₱33.64b
Other Expenses₱20.90b
Earnings₱12.73b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.84
Gross Margin27.51%
Net Profit Margin10.41%
Debt/Equity Ratio16.5%

How did URC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is URC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for URC?

Other financial metrics that can be useful for relative valuation.

URC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA13.4x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does URC's PE Ratio compare to its peers?

URC PE Ratio vs Peers
The above table shows the PE ratio for URC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.7x
MONDE Monde Nissin
73.7x27.5%₱236.8b
FB San Miguel Food and Beverage
14.8x7.1%₱286.6b
CNPF Century Pacific Food
16x15.0%₱77.0b
RFM RFM
10.2xn/a₱13.4b
URC Universal Robina
18.5x9.7%₱235.6b

Price-To-Earnings vs Peers: URC is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (28.7x).


Price to Earnings Ratio vs Industry

How does URC's PE Ratio compare vs other companies in the Asian Food Industry?

Price-To-Earnings vs Industry: URC is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the PH Food industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is URC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

URC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: URC is good value based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).


Share Price vs Fair Value

What is the Fair Price of URC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: URC (₱108) is trading below our estimate of fair value (₱133.9)

Significantly Below Fair Value: URC is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: URC is poor value based on its PEG Ratio (1.9x)


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Future Growth

How is Universal Robina forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: URC's forecast earnings growth (9.7% per year) is above the savings rate (5%).

Earnings vs Market: URC's earnings (9.7% per year) are forecast to grow slower than the PH market (21.4% per year).

High Growth Earnings: URC's earnings are forecast to grow, but not significantly.

Revenue vs Market: URC's revenue (6.2% per year) is forecast to grow slower than the PH market (9.8% per year).

High Growth Revenue: URC's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: URC's Return on Equity is forecast to be low in 3 years time (11.2%).


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Past Performance

How has Universal Robina performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: URC has a large one-off gain of ₱2.9B impacting its March 31 2022 financial results.

Growing Profit Margin: URC's current net profit margins (10.4%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: URC's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: URC's earnings growth over the past year (22.2%) exceeds its 5-year average (2.1% per year).

Earnings vs Industry: URC earnings growth over the past year (22.2%) exceeded the Food industry 19.3%.


Return on Equity

High ROE: URC's Return on Equity (12.9%) is considered low.


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Financial Health

How is Universal Robina's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: URC's short term assets (₱70.6B) exceed its short term liabilities (₱48.3B).

Long Term Liabilities: URC's short term assets (₱70.6B) exceed its long term liabilities (₱3.9B).


Debt to Equity History and Analysis

Debt Level: URC's net debt to equity ratio (0.6%) is considered satisfactory.

Reducing Debt: URC's debt to equity ratio has reduced from 56.8% to 16.5% over the past 5 years.

Debt Coverage: URC's debt is well covered by operating cash flow (78.8%).

Interest Coverage: URC's interest payments on its debt are well covered by EBIT (47.8x coverage).


Balance Sheet


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Dividend

What is Universal Robina current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: URC's dividend (3.19%) is higher than the bottom 25% of dividend payers in the PH market (1.52%).

High Dividend: URC's dividend (3.19%) is low compared to the top 25% of dividend payers in the PH market (4.8%).


Stability and Growth of Payments

Stable Dividend: URC's dividends per share have been stable in the past 10 years.

Growing Dividend: URC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.9%), URC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (276.2%), URC's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Irwin Lee (56 yo)

4.08yrs

Tenure

Mr. Irwin C. Lee is Director, President and Chief Executive Officer at Universal Robina Corp. since May 14, 2018. Prior to joining URC, he was the Chief Executive Officer of Rustan Supercenters, Inc. and a...


Leadership Team

Experienced Management: URC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: URC's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Universal Robina Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Universal Robina Corporation
  • Ticker: URC
  • Exchange: PSE
  • Founded: 1954
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ₱235.629b
  • Shares outstanding: 2.18b
  • Website: https://www.urc.com.ph

Number of Employees


Location

  • Universal Robina Corporation
  • Tera Tower
  • 8th Floor
  • Quezon City
  • 1110
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.