GMA Network Inc

GMA Network Inc maintains a conservative capital structure with a debt-to-equity ratio of 0.12, indicating limited leverage relative to shareholder equity. The company holds total equity of 13.42 billion PHP against total liabilities of 12.03 billion PHP, resulting in a current ratio of 2.25, which suggests adequate short-term liquidity coverage. However, the risk assessment flags medium liquidity risk, noting that net cash is negative after subtracting total debt from cash and equivalents of 350.19 million PHP. Long-term debt stands at 1.66 billion PHP, which is modest relative to the balance sheet size but contributes to the negative net cash position.

Profitability metrics demonstrate strong returns on capital, with a return on equity (ROE) of 19.87% and a return on assets (ROA) of 10.48%. The company generated net income of 2.20 billion PHP on revenue of 18.12 billion PHP, yielding a net margin of approximately 12.15%. Operating income was 2.95 billion PHP, reflecting an operating margin of roughly 16.26%, while gross profit stood at 9.23 billion PHP, indicating a gross margin of 50.97%. These margins suggest efficient cost management and pricing power within its media operations, although cohort median comparisons are unavailable to benchmark relative performance.

With a debt-to-equity ratio of 0.12, GMA Network maintains leverage well below the 0.32 cohort median.

Revenue declined at a 6.0% compound annual growth rate over the last four years, signaling persistent top-line contraction.

The company faces medium liquidity risk, suggesting potential challenges in meeting short-term financial obligations.

Operating income fell 5.3% year-over-year, continuing a multi-year trend of declining operational profitability.

Revenue PHP 18.12B, +3,1% YoY; Operating income +5,6% YoY.

• ▍Revenue PHP 18.12B, +3,1% YoY
• ▍Operating income +5,6% YoY
• ▍Net income +6,4% YoY
• ▍Free cash flow +72,8% YoY
• ▍Net margin 12.2%

Revenue PHP 18.64B, −13,6% YoY; Operating income −42,9% YoY.

• ▍Revenue PHP 18.64B, −13,6% YoY
• ▍Operating income −42,9% YoY
• ▍Net income −41,8% YoY
• ▍Free cash flow +6,0% YoY
• ▍Net margin 17.0%

Revenue PHP 21.56B, −4,0% YoY; Operating income −26,4% YoY.

• ▍Revenue PHP 21.56B, −4,0% YoY
• ▍Operating income −26,4% YoY
• ▍Net income −27,7% YoY
• ▍Free cash flow −103,6% YoY
• ▍Net margin 25.2%

Revenue PHP 22.45B; Operating income PHP 9.95B.

• ▍Revenue PHP 22.45B
• ▍Operating income PHP 9.95B
• ▍Net margin 33.5%