KINDLY READ DISCLAIMER FIRST PRIOR TO PROCEEDING TO THIS SECTION
Cash Flow Statement
1. Starting with its Net Earnings here (derived from Income statement)
It can be seen that the company is averaging at least 111.79% increase (with the outstanding ‘10 spike) to an average tangible net earnings of about 9,288.40 MILLION PHP.
Cash Flow Statement
1. Starting with its Net Earnings here (derived from Income statement)
It can be seen that the company is averaging at least 111.79% increase (with the outstanding ‘10 spike) to an average tangible net earnings of about 9,288.40 MILLION PHP.
2. Next item identified is the Payables and other accrued liabilities,
This item is placed together with its Current Ratio and Current Liabilities.
A significant increase of its payables was noted on 2011, and was offset properly by more than enough supply of its Current Assets ergo the overall decline in the following criteria of Short term debt/Long term debt.
This item is placed together with its Current Ratio and Current Liabilities.
A significant increase of its payables was noted on 2011, and was offset properly by more than enough supply of its Current Assets ergo the overall decline in the following criteria of Short term debt/Long term debt.
3. Next in line will be the Cash Flow from Operating Activities, in this item, it is determined whether or not the company brings in money from normal business activities, as can be seen, the company is quite challenged at this area (2008-2013).
4. Capital Expenditure seems to provide a bit of an erratic trend. However, the company was still able to maintain (even declining) still a positive cash flow for its operating activities which then may still provide future growth for the business.
To be compared to other similar industries.
To be compared to other similar industries.
5. Finally, the Cash Flow from Investing Activities, this are may be highlighted in association with the company’s purpose (purchasing and acquiring shares of stocks, notes, securities and entities)
As stated by references, the values stated here must at least be in the (-) side; which brings up then that the company is spending in order to expand more its business. If in case this item is in the positive side, it can be due to the company selling more of its long term investments and profiting (or earning more from dividends than investing).
As stated by references, the values stated here must at least be in the (-) side; which brings up then that the company is spending in order to expand more its business. If in case this item is in the positive side, it can be due to the company selling more of its long term investments and profiting (or earning more from dividends than investing).
Additional Facts:
Sector: Industrial
Sub sector: Electricity, Energy, Power & Water
Incorporation Date: 1961-06-30
Corporate Life: 50 years
Extension: 2011-06-30
No. of Directors: 15
"The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage." Benjamin Graham
References:
1. "FIRST PHILIPPINE HOLDINGS CORPORATION." FPHC.COM. DECEMBER 20, 2013 <www.fphc.com/InvestorRelations.php?ArticleID=25>
2. Graham, Benjamin and Meredith, Spencer B. (1937). The Interpretation of Financial Statements: The Classic 1937 Edition. New York, New York, United States of America: Harper & Row, Publishers, Inc.
3. "How to Calculate Inventory Turnover Ratio." youtube.com. December 19, 2013. <http://www.youtube.com/watch?v=lseKssuifUo>
4. Graham, Benjamin and Dodd, David L. (1988). Security Analysis. United States of America: McGraw-Hill Companies, Inc.
5. "About us Christian Williams founder." Perfectstockalert.com. December 22, 2013. <http://www.perfectstockalert.com/home-page/about-us.html>
6. Buffett, Mary and Clark, David. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage. United Kingdon: Simon & Schuster.
7. Graham, Benjamin. (1973). New Material: Copyright (c) 2003 by Zweig, Jason. The Intelligent Investor-Revised Edition. New York, New York, United States of America: HarperCollins Publishers, Inc.
8. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-656_fph_2012_ar_07.10.13_complete.pdf>
9. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-562_sec_17a_dec_31_2011.pdf>
10. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-452_sec_17_a_2010.pdf>
11. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-300_sec_17a_dec_2009_ver_finalv2.pdf>
12. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-219_fph_17a_2008_for_pse_fs_revised_5_13_09.pdf>
13. Jun, Jae. "This is How Buffett Interprets Financial Statements." Oldschoolvalue.com. December 16, 2013.
14. <http://www.oldschoolvalue.com/blog/tutorial/this-is-how-buffett-interprets-financial-statements/#how-warren-buffett-interprets-the-income-statement>
15."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS summary." markets.ft.com. December 20, 2013.
16.<http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=FPH:PHS>
17."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS FINANCIALS." markets.ft.com. December 20, 2013.
18.<http://markets.ft.com/research//Markets/Tearsheets/Financials?s=FPH:PHS&subview=IncomeStatement&period=a>
19."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS FINANCIALS." markets.ft.com. December 20, 2013.
20.<http://markets.ft.com/research//Markets/Tearsheets/Financials?s=FPH:PHS&subview=CashFlow&period=a>
21."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS FINANCIALS." markets.ft.com. December 20, 2013.
22.<http://markets.ft.com/research//Markets/Tearsheets/Financials?s=FPH:PHS&subview=BalanceSheet&period=a>
23.Don, Joe. "Warren Buffett and a durable competitive advantage." Allvoices.com. December 16, 2013. <http://www.allvoices.com/contributed-news/13233607-warren-buffett-and-a-durable-competitive-advantage>
24.Lakdawala, Sahil. Flame.edu.in. December 22, 2013.
<http://www.flame.edu.in/pdfs/fil/book_review/FIL_Warren%20Buffett%20and%20Interpretation%20of%20Financial%20Statements.pdf>
25.DOE.GOV.PH. December 22, 2013. <https://www.google.com.ph/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&ved=0CCsQFjAA&url=http%3A%2F%2Fwww2.doe.gov.ph%2Fnews%2F2013%2520Supply-Demand%2520Outlook.pdf&ei=UbG2UsDnG_G7iAeL5oGACw&usg=AFQjCNHmEtidY4MpPRX1noyTFIDV0_Ybsg&sig2=bAwdd7iHXvz9dgLONEtd3A>
26. Capone, Andrew. Suffolk.edu. December 22, 2013. <http://www.suffolk.edu/documents/jhtl_book_reviews/Capone08.pdf>
Sector: Industrial
Sub sector: Electricity, Energy, Power & Water
Incorporation Date: 1961-06-30
Corporate Life: 50 years
Extension: 2011-06-30
No. of Directors: 15
"The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage." Benjamin Graham
References:
1. "FIRST PHILIPPINE HOLDINGS CORPORATION." FPHC.COM. DECEMBER 20, 2013 <www.fphc.com/InvestorRelations.php?ArticleID=25>
2. Graham, Benjamin and Meredith, Spencer B. (1937). The Interpretation of Financial Statements: The Classic 1937 Edition. New York, New York, United States of America: Harper & Row, Publishers, Inc.
3. "How to Calculate Inventory Turnover Ratio." youtube.com. December 19, 2013. <http://www.youtube.com/watch?v=lseKssuifUo>
4. Graham, Benjamin and Dodd, David L. (1988). Security Analysis. United States of America: McGraw-Hill Companies, Inc.
5. "About us Christian Williams founder." Perfectstockalert.com. December 22, 2013. <http://www.perfectstockalert.com/home-page/about-us.html>
6. Buffett, Mary and Clark, David. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage. United Kingdon: Simon & Schuster.
7. Graham, Benjamin. (1973). New Material: Copyright (c) 2003 by Zweig, Jason. The Intelligent Investor-Revised Edition. New York, New York, United States of America: HarperCollins Publishers, Inc.
8. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-656_fph_2012_ar_07.10.13_complete.pdf>
9. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-562_sec_17a_dec_31_2011.pdf>
10. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-452_sec_17_a_2010.pdf>
11. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-300_sec_17a_dec_2009_ver_finalv2.pdf>
12. FPHC.COM. DECEMBER 20, 2013<http://www.fphc.com/uploads/files/blurb-25_file-219_fph_17a_2008_for_pse_fs_revised_5_13_09.pdf>
13. Jun, Jae. "This is How Buffett Interprets Financial Statements." Oldschoolvalue.com. December 16, 2013.
14. <http://www.oldschoolvalue.com/blog/tutorial/this-is-how-buffett-interprets-financial-statements/#how-warren-buffett-interprets-the-income-statement>
15."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS summary." markets.ft.com. December 20, 2013.
16.<http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=FPH:PHS>
17."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS FINANCIALS." markets.ft.com. December 20, 2013.
18.<http://markets.ft.com/research//Markets/Tearsheets/Financials?s=FPH:PHS&subview=IncomeStatement&period=a>
19."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS FINANCIALS." markets.ft.com. December 20, 2013.
20.<http://markets.ft.com/research//Markets/Tearsheets/Financials?s=FPH:PHS&subview=CashFlow&period=a>
21."FIRST PHILIPPINE HOLDINGS CORP, FPH:PHS FINANCIALS." markets.ft.com. December 20, 2013.
22.<http://markets.ft.com/research//Markets/Tearsheets/Financials?s=FPH:PHS&subview=BalanceSheet&period=a>
23.Don, Joe. "Warren Buffett and a durable competitive advantage." Allvoices.com. December 16, 2013. <http://www.allvoices.com/contributed-news/13233607-warren-buffett-and-a-durable-competitive-advantage>
24.Lakdawala, Sahil. Flame.edu.in. December 22, 2013.
<http://www.flame.edu.in/pdfs/fil/book_review/FIL_Warren%20Buffett%20and%20Interpretation%20of%20Financial%20Statements.pdf>
25.DOE.GOV.PH. December 22, 2013. <https://www.google.com.ph/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&ved=0CCsQFjAA&url=http%3A%2F%2Fwww2.doe.gov.ph%2Fnews%2F2013%2520Supply-Demand%2520Outlook.pdf&ei=UbG2UsDnG_G7iAeL5oGACw&usg=AFQjCNHmEtidY4MpPRX1noyTFIDV0_Ybsg&sig2=bAwdd7iHXvz9dgLONEtd3A>
26. Capone, Andrew. Suffolk.edu. December 22, 2013. <http://www.suffolk.edu/documents/jhtl_book_reviews/Capone08.pdf>
MY
12/22/2013
12/22/2013
Donate a $1