Cityland Development Corp

Cityland Development Corp maintains a strong liquidity position with PHP 845.1 million in cash and equivalents, supported by a current ratio of 5.22. The company's debt-to-equity ratio of 0.11 indicates a conservative capital structure, with long-term debt of PHP 1.1 billion representing a small portion of its total equity of PHP 10.2 billion. Free cash flow of PHP 153.3 million and operating cash flow of PHP 441.2 million further reinforce its ability to service obligations without external financing.

Profitability metrics show a return on equity of 1.42% and return on assets of 1.04%, both below the median for the Real Estate Rental, Development & Operations industry. Operating income of PHP 201.5 million and net income of PHP 144.4 million reflect a gross margin of 74.8%, which is in line with industry norms. However, the company's returns are constrained by its asset-heavy business model and the cyclical nature of real estate markets.

The company's revenue of PHP 543.5 million is concentrated in a single business segment, with no disclosed geographic diversification in the latest financials. This lack of segmentation data limits visibility into regional performance and exposure to local market risks. The absence of disclosed revenue by geography suggests potential concentration risk, though the company's liquidity and debt position mitigate some of this exposure.

Outlook data is limited, but the company's free cash flow and operating cash flow suggest a stable growth trajectory. Analysts reported a last actual EPS of 0.11 PHP and revenue of PHP 1.85 billion, indicating a potential for moderate growth in the near term. The company's capital expenditure of PHP -994,470 suggests a focus on cost optimization rather than expansion in the current fiscal year.

Risk factors include a medium liquidity risk due to negative net cash after subtracting total debt, which could limit flexibility in capital allocation. Dilution risk is assessed as low, with no near-term pressure from share issuance or convertible debt. The company's conservative leverage and strong cash position reduce credit risk, though its returns on equity and assets remain below industry medians.

Recent events include the latest actual EPS and revenue figures reported by analysts, which align with the company's financial snapshot. No material events or filings were disclosed in the provided data, suggesting a stable operational environment.

With a debt-to-equity ratio of 0.11, Cityland carries significantly less leverage than the 0.52 cohort median.

Revenue grew at a 9.0% compound annual rate over the four-year period ending in 2009.

Cash conversion of 3.06 places Cityland in the top quartile of its real estate peer group.

The company faces medium liquidity risk, which could constrain financial flexibility during market downturns.

Free cash flow decreased 4.2% year-over-year in 2009, indicating a slight reduction in cash generation.

Revenue PHP 613.6M, −3,8% YoY; Operating income +48,1% YoY.

• ▍Revenue PHP 613.6M, −3,8% YoY
• ▍Operating income +48,1% YoY
• ▍Net income +7,4% YoY
• ▍Free cash flow +14,6% YoY
• ▍Net margin 29.1%

Revenue PHP 483.4M, −11,1% YoY; Operating income −57,9% YoY.

• ▍Revenue PHP 483.4M, −11,1% YoY
• ▍Operating income −57,9% YoY
• ▍Net income −56,6% YoY
• ▍Free cash flow −55,8% YoY
• ▍Net margin 13.0%

Revenue PHP 804.1M; Operating income PHP 459.2M.

• ▍Revenue PHP 804.1M
• ▍Operating income PHP 459.2M
• ▍Net margin 34.8%

Revenue PHP 592.7M; Operating income PHP 277.6M.

• ▍Revenue PHP 592.7M
• ▍Operating income PHP 277.6M
• ▍Net margin 32.4%

Revenue PHP 637.6M; Operating income PHP 185.1M.

• ▍Revenue PHP 637.6M
• ▍Operating income PHP 185.1M
• ▍Net margin 26.1%

Revenue PHP 543.5M; Operating income PHP 201.5M.

• ▍Revenue PHP 543.5M
• ▍Operating income PHP 201.5M
• ▍Net margin 26.6%

Revenue PHP 2.79B, +8,2% YoY; Operating income −11,7% YoY.

• ▍Revenue PHP 2.79B, +8,2% YoY
• ▍Operating income −11,7% YoY
• ▍Net income −15,9% YoY
• ▍Free cash flow −4,2% YoY
• ▍Net margin 23.6%

Revenue PHP 2.58B, −15,1% YoY; Operating income −10,0% YoY.

• ▍Revenue PHP 2.58B, −15,1% YoY
• ▍Operating income −10,0% YoY
• ▍Net income −11,3% YoY
• ▍Free cash flow −22,0% YoY
• ▍Net margin 30.4%

Revenue PHP 3.04B, −10,3% YoY; Operating income −22,9% YoY.

• ▍Revenue PHP 3.04B, −10,3% YoY
• ▍Operating income −22,9% YoY
• ▍Net income −14,3% YoY
• ▍Free cash flow −32,9% YoY
• ▍Net margin 29.1%

Revenue PHP 3.39B, +71,2% YoY; Operating income +93,2% YoY.

• ▍Revenue PHP 3.39B, +71,2% YoY
• ▍Operating income +93,2% YoY
• ▍Net income +76,1% YoY
• ▍Free cash flow +103,5% YoY
• ▍Net margin 30.4%

Revenue PHP 1.98B; Operating income PHP 838.4M.

• ▍Revenue PHP 1.98B
• ▍Operating income PHP 838.4M
• ▍Net margin 29.6%