Mabuhay Vinyl Corporation (PSE: MVC)

Mabuhay Vinyl Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,971	3,074	3,201	2,187	2,070	2,323
Revenue Growth (YoY)	-7.30%	-3.98%	46.34%	5.67%	-10.89%	-18.59%
Cost of Revenue	1,793	1,878	2,025	1,314	1,133	1,385
Gross Profit	1,178	1,196	1,176	873.83	937.49	938.24
Selling, General & Admin	616.84	604.39	574.24	434.45	396.91	387.15
Other Operating Expenses	50.34	50.34	35.8	27.97	27.14	35.84
Operating Expenses	724.31	711.86	651.15	512.59	480.45	462.31
Operating Income	453.63	484.18	525.01	361.23	457.04	475.92
Interest Expense	-8.43	-7.18	-3.9	-2.56	-2.13	-2.25
Interest & Investment Income	53.21	46.57	20.08	11.84	23.41	41.94
Currency Exchange Gain (Loss)	1.79	1.79	-9.88	-1.46	0.09	0.07
Other Non Operating Income (Expenses)	19.34	19.34	2.41	1.53	1.26	7.83
EBT Excluding Unusual Items	519.54	544.7	533.72	370.59	479.66	523.52
Gain (Loss) on Sale of Assets	-	-	0.2	-0.33	-0.02	0.32
Pretax Income	519.54	544.7	533.92	370.26	479.65	523.83
Income Tax Expense	128.93	135.62	134.49	94.03	146.1	159.64
Earnings From Continuing Operations	390.61	409.08	399.43	276.23	333.54	364.19
Minority Interest in Earnings	-0.65	-0.64	-0.36	-0.36	-0.5	-0.76
Net Income	389.96	408.44	399.07	275.87	333.04	363.43
Net Income to Common	389.96	408.44	399.07	275.87	333.04	363.43
Net Income Growth	-3.55%	2.35%	44.66%	-17.17%	-8.36%	-8.16%
Shares Outstanding (Basic)	661	661	661	661	661	661
Shares Outstanding (Diluted)	661	661	661	661	661	661
EPS (Basic)	0.59	0.62	0.60	0.42	0.50	0.55
EPS (Diluted)	0.59	0.62	0.60	0.42	0.50	0.55
EPS Growth	-3.49%	2.42%	44.55%	-17.17%	-8.36%	-8.16%
Free Cash Flow	345.52	117.87	14.97	-27.69	309.11	363.55
Free Cash Flow Per Share	0.52	0.18	0.02	-0.04	0.47	0.55
Dividend Per Share	0.100	0.100	0.100	0.100	0.100	0.100
Dividend Growth	0%	0%	0%	0%	0%	42.86%
Gross Margin	39.65%	38.91%	36.74%	39.95%	45.29%	40.39%
Operating Margin	15.27%	15.75%	16.40%	16.51%	22.08%	20.49%
Profit Margin	13.13%	13.29%	12.47%	12.61%	16.09%	15.64%
Free Cash Flow Margin	11.63%	3.83%	0.47%	-1.27%	14.93%	15.65%
EBITDA	546.23	574.02	608.45	457.82	543.86	548.61
EBITDA Margin	18.39%	18.67%	19.01%	20.93%	26.27%	23.62%
D&A For EBITDA	92.59	89.85	83.44	96.59	86.82	72.69
EBIT	453.63	484.18	525.01	361.23	457.04	475.92
EBIT Margin	15.27%	15.75%	16.40%	16.51%	22.08%	20.49%
Effective Tax Rate	24.82%	24.90%	25.19%	25.39%	30.46%	30.48%

Source: S&P Capital IQ. Standard template. Financial Sources.