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Last $57.10 PHP
Change Today -0.20 / -0.35%
Volume 2.3M
AEV On Other Exchanges
Symbol
Exchange
Philippines
OTC US
As of 3:28 AM 07/8/15 All times are local (Market data is delayed by at least 15 minutes).

aboitiz equity ventures inc (AEV) Snapshot

Open
$57.05
Previous Close
$57.30
Day High
$57.20
Day Low
$57.00
52 Week High
03/30/15 - $59.20
52 Week Low
12/18/14 - $48.10
Market Cap
317.1B
Average Volume 10 Days
2.2M
EPS TTM
$3.18
Shares Outstanding
5.6B
EX-Date
03/19/15
P/E TM
18.0x
Dividend
$1.11
Dividend Yield
1.94%
Current Stock Chart for ABOITIZ EQUITY VENTURES INC (AEV)

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aboitiz equity ventures inc (AEV) Details

Aboitiz Equity Ventures, Inc., through its subsidiaries, engages in the power generation and distribution; banking and financial services; food manufacturing; real estate; and investment businesses in the Philippines. Its Power segment is involved in the generation, distribution, and retail of electricity through hydro, geothermal, coal-fired, thermal, and wind power plants; and ownership and operation of power distribution utilities. The company’s Food Manufacturing segment engages in the manufacture and sale of wheat flour and its by-products; and produces animal feed and breeds swine. Its Financial Services segment provides various banking products and services, such as deposit and related services; corporate and middle market lending; consumer finance loans, including mortgage, auto loans, and credit cards; and investment, treasury, capital market, trust and fund management, remittance, cash management, and electronic banking services. The company’s Real Estate segment engages in the leasing of commercial and office buildings; design and development of distinct communities for residential, industrial, and commercial use; property management activities; ownership and operation of an industrial park; and distribution of water. It also produces liquid bio-methane fuel from organic wastes, as well as provides corporate aircraft and support services. The company was formerly known as Cebu Pan Asian Holdings, Inc. and changed its name to Aboitiz Equity Ventures, Inc. in December 1993. Aboitiz Equity Ventures, Inc. was incorporated in 1989 and is headquartered in Taguig City, the Philippines. Aboitiz Equity Ventures, Inc. is a subsidiary of Aboitiz & Company, Inc.

Founded in 1989

aboitiz equity ventures inc (AEV) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

aboitiz equity ventures inc (AEV) Key Developments

Aboitiz Equity Ventures Seeks Acquisitions

Aboitiz Equity Ventures Inc. (PSE:AEV) is seeking acquisitions. "We are looking at expanding the power business to select international markets through new projects and acquisitions." said AEV's President and Chief Executive Officer Erramon Aboitiz.

AEV Eyeing Lafarge Local Operations

Aboitiz Equity Ventures Inc. (PSE:AEV) (AEV) may invest in Lafarge Republic, Inc. (PSE:LRI) and others. Aboitiz Equity announced that it has entered into an exclusivity agreement with a non-binding Memorandum of Understanding with CRH plc (ISE:CRG) to potentially invest with CRH in the acquisition of the majority of the shares of Lafarge Republic, Luzon Continental Land Corporation, and Lafarge Cement Services (Philippines), Inc. AEV’s President and Chief Executive Officer, Erramon I. Aboitiz said, “AEV and CRH are in exclusive negotiations whereby AEV may potentially invest with CRH in the acquisition of four Luzon-based cement manufacturing plants located in Bulacan, Norzagaray, Teresa, and Batangas; a plant in Danao City, Cebu, and associated limestone quarries. We are very pleased with the prospect of entering this new business, which is a solid opportunity that will support our thrust to develop infrastructure as one of our core businesses and create a more diversified income source for AEV. Together with CRH, we aim to take an already successful Philippine cement operations and management team to greater heights, as the country’s need for quality cement will continue to grow in line with its resurgent economy and infrastructure sector.” Conclusion of the potential transaction would be subject to the successful completion of the merger between Lafarge S.A. and Holcim, and also approval by the Boards of both CRH and AEV. Evercore Partners Inc. (NYSE:EVR) is acting as financial advisor in the potential transaction.

Aboitiz Equity Ventures, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Aboitiz Equity Ventures Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of PHP 4.1 billion. Core income similarly stood at the same figure for the period, recording a decline of 7% year-on-year. Earnings per share were PHP 0.74 for the period.

 

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AEV

Industry Average

Valuation AEV Industry Range
Price/Earnings 17.9x
Price/Sales 2.9x
Price/Book 3.0x
Price/Cash Flow 17.9x
TEV/Sales 1.0x
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