Valens Research

AEV PHL - Embedded Expectations Analysis - 2018 04 20

Aboitiz Equity Ventures, Inc. (AEV:PHL) is currently trading at a 2.1x Uniform P/B (V/A′), which is below recent averages. That being said, at these levels, markets are pricing in expectations for a rebound in profitability

The market appears to be optimistic about AEV's various projects and initiatives in all their business units to improve the company's overall performance. The market appears to expect the company to remain on track in reaching their targets with their project pipeline in their Power segment and confident about the launch of UnionBank's “The Ark,” which is the country's first fully digital bank branch. The market is also optimistic about the capacity expansion and project pipelines in their Food Manufacturing segment, and confident about the Vietnam growth strategy
Aboitiz Equity Ventures Inc.

Aboitiz Equity Ventures is a holding and management company. Through its subsidiaries, Co. operates five segments: power distribution, power generation and retail electricity supply; financial services; food manufacturing; real estate; and portfolio investments (parent company/others).

Valens Research
Valens Research

In 2009, just as the dust was settling from the last major equity and credit market crises, we launched a boutique research firm with the intention of breaking Wall Street’s biases and broken incentives:

  • GAAP and IFRS have failed to provide rules for reliable financial statement reporting
  • Stock analyst recommendations are not grounded in disciplined financial analysis
  • Credit agencies have been set up to grossly fail in their responsibilities to investors and the public markets
  • Utter lack of willingness of major research firms to employ the the most advanced forensic analysis available

We sought to provide investors and company analysts with a source of information that changed all that.
Many years later, our business model remains because little has changed on Wall Street.

  • Corporate credit ratings remain years behind the fundamental underpinnings of company performance
  • Stock analysts continue to make recommendations with deeply inherent biases
  • Research firms have failed to break down the walls between credit, equity, and macroeconomic research
  • The governing accounting bodies have created more leeway for mis-estimates and mis-classifications as financials have become unwieldy and overwhelming

The integrity of Valens Research is founded in our disciplined processes and analytics. No “star” analysts. No corporate advisory relationships. No-nonsense opinions and recommendations.

Valens Research

Other Reports on these Companies
Other Reports from Valens Research
Other Reports from these Analysts

ResearchPool Subscriptions

Get the most out of your insights

Get in touch