METROBANK

Overall Performance Measures 1 Price/earnings ratio 2 Return on assets 3 Return on invested capital 4 Return on shareholders' equity Profitability Measures 5 Gross Margin Percentage 6 Profit Margin 7 Earnings per share 8 Cash Realization Tests of Investment Utilization 9 Assets 10 Invested capital turnover 11 Equity turnover 12 Capital Intensity 13 Days' cash 14 Days' receivables 15 Days' inventory 16 Inventory turnvoer 17 Working capital turnover 18 Current ratio 19 Acid-test ratio Tests of Financial Condition 20 Financial leverage ratio 21 Debt / equity ratio 22 Debt / capitalization 23 Times interest earned 24 Cash Flow / debt Tests of Dividend Policy 25 Dividend yield 26 Dividend payout market price per share / net income per share [net income + interest (1 - tax rate)] / total assets [net income + interest (1 - tax rate)] / (long-term liabilities + shareholders' equity) net income / shareholders' equity gross margin / net sales revenues net income / net sales revenues net income / no. shares outstanding cash generated by operations / net income sales revenues / total assets sales revenues / (long-term liabilities + shareholders' equity) sales revenue / shareholders' equity sales revenues / property,plant, and equipment cash / (cash expenses / 365) accounts receivable / (sales / 365 ) inventory / (cost of sales / 365 ) cost of sales / inventory sales revenues / working capital current assets / current liabilities monetary current assets / current liabilities assets / shareholders' equity long-term liabilities / shareholders' equity long-term liabilities / (long-term liabilities + shareholders' equity) (pretax operating profit + interest) / interest cash generated operations / total debt dividends per share / market price per share dividends / net income 17.22 2% 4% 6% 64% 19% 2.16 4.46 0.04 0.07 0.33 390,096.02 #DIV/0! 7,179.04 17.69 20.63 0.07 204% 0% 9.23 394.7% 79.8% 141.7% 3.5% 2.6% 44.8% 36.09 5% 8% 6% 19% 2% 0.23 4.43 1.26 2.14 2.23 5.39 495.99 28.27 17.69 20.63 (10.68) 71% 49% 1.76 4% 4% 3.89 32% 2% 74%

365 accounts receivable cash cash expenses cash generated by operations cash generated operations cost of sales current assets current liabilities dividends dividends per share gross margin interest inventory long-term liabilities market price per share monetary current assets net income net income per share net sales revenues no. shares outstanding pretax operating profit property,plant, and equipment sales revenues shareholders' equity tax rate total assets working capital

Notes 492,246,000,000.00 Includes due from bangko sentral, due from other banks, interbank loans receivable, loans and receivables (Eric) 16,996,000,000.00 From cash and other cash items of balance sheet (eric) 21,340,000,000.00 21,340,000,000.00 1,468,524,423.00 655,662,000,000.00 321,485,000,000.00 2,142,000,000.00 0.97 16,089,000,000.00 16,089,000,000.00 71,173,033.00 296,214,000,000.00 37.17 288,215,208.00 4,784,000,000.00 2.16 25,027,000,000.00 2,216,746,411.48 6,711,000,000.00 64,156.00 25,027,000,000.00 75,054,000,000.00 0.29 692,753,000,000.00 334,177,000,000.00 net cash from operating activities of statement of cash flows From net cash provided by operating activities - statement of cash flows (eric) Parang hindi applicable to (Eric) Inlcuded all assets except Property and Equipment downwards (Eric) Consists of demand and savings deposits only (eric) From Dividends from Income Statement (eric) used the net interest inome also, this is unique for banks? net interest income from income statement Parang hindi applicable to (Eric) exluded demand and savings deposits there's no market price for the parent company. So I used the market price of the group, then get the portion of the parent based on its earnings

theres no net sales revenues, used the interest income from income statement. is this unique for banks? computed from the income statement Income before income tax from income statement (Eric) from investments until others assets from the balance sheet

computed from the income statement

15,575

BPI
Overall Performance Measures 1 Price/earnings ratio 2 Return on assets 3 Return on invested capital 4 Return on shareholders' equity Profitability Measures 5 Gross Margin Percentage 6 Profit Margin 7 Earnings per share 8 Cash Realization Tests of Investment Utilization 9 Assets 10 Invested capital turnover 11 Equity turnover 12 Capital Intensity 13 Days' cash 14 Days' receivables 15 Days' inventory 16 Inventory turnvoer 17 Working capital turnover 18 Current ratio 19 Acid-test ratio Tests of Financial Condition 20 Financial leverage ratio 21 Debt / equity ratio 22 Debt / capitalization 23 Times interest earned 24 Cash Flow / debt Tests of Dividend Policy 25 Dividend yield 26 Dividend payout market price per share / net income per share [net income + interest (1 - tax rate)] / total assets [net income + interest (1 - tax rate)] / (long-term liabilities + shareholders' equity) net income / shareholders' equity gross margin / net sales revenues net income / net sales revenues net income / no. shares outstanding cash generated by operations / net income sales revenues / total assets sales revenues / (long-term liabilities + shareholders' equity) sales revenue / shareholders' equity sales revenues / property,plant, and equipment cash / (cash expenses / 365) accounts receivable / (sales / 365 ) inventory / (cost of sales / 365 ) cost of sales / inventory sales revenues / working capital current assets / current liabilities monetary current assets / current liabilities assets / shareholders' equity long-term liabilities / shareholders' equity long-term liabilities / (long-term liabilities + shareholders' equity) (pretax operating profit + interest) / interest cash generated operations / total debt dividends per share / market price per share dividends / net income

365 accounts receivable cash cash expenses 177,251,000,000.00 17,573,000,000.00 20,127,000,000.00

cash generated by operations cash generated operations cost of sales current assets current liabilities dividends dividends per share gross margin interest inventory long-term liabilities market price per share monetary current assets net income net income per share net sales revenues no. shares outstanding pretax operating profit property,plant, and equipment sales revenues shareholders' equity tax rate total assets working capital

145,704,000,000.00 145,704,000,000.00 9,052,000,000.00 671,716,000,000.00 623,868,000,000.00 15,285,000,000.00 9,052,000,000.00 209,173,000,000.00 21,915,000,000.00 32.50 138,954,000,000.00 8,306,000,000.00 2.48 26,502,000,000.00 3,556,360,000.00 7,847,000,000.00 26,502,000,000.00 61,454,000,000.00 0.30 707,237,000,000.00 47,848,000,000.00

13.10 2% 18% 14% 58% 31% 2.34 17.54 0.04 0.32 0.43 3.38 318.68 2,441.20 8,434.40 0.04 0.55 108% 22% 11.51 35.7% 26.3% 100.0% 22.6% 0.0% 0.0%

Notes 2nd to 4th item in resources 1st item in resources interest expense, interest paid, income taxes paid in the cash flow statement

interest expense first 9 items in resources first 6 items in liabilities

5th to 9th item in resources last 3 items in liabilities note 7

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10th item in resources interest income total capital funds total resources current assets - current liabilities

15,575

36.09 5% 8% 6% 19% 2% 0.23 4.43 1.26 2.14 2.23 5.39 495.99 28.27 17.69 20.63 (10.68) 71% 49% 1.76 4% 4% 3.89 32% 2% 74%

METROBANK
MBTC Overall Performance Measures market price per share / net income per share [net income + interest (1 - tax rate)] / total assets [net income + interest (1 - tax rate)] / (long-term liabilities + shareholders' equity) 3 Return on invested capital 4 Return on shareholders' equitynet income / shareholders' equity Profitability Measures gross margin / net sales revenues 5 Gross Margin Percentage net income / net sales revenues 6 Profit Margin net income / no. shares outstanding 7 Earnings per share cash generated by operations / net income 8 Cash Realization Tests of Investment Utilization sales revenues / total assets 9 Assets sales revenues / (long-term liabilities + shareholders' equity) 10 Invested capital turnover sales revenue / shareholders' equity 11 Equity turnover 1 Price/earnings ratio 2 Return on assets 12 Capital Intensity 13 Days' cash 14 Days' receivables 15 Days' inventory 16 Inventory turnvoer 17 Working capital turnover 18 Current ratio 19 Acid-test ratio Tests of Financial Condition 20 Financial leverage ratio 21 Debt / equity ratio 22 Debt / capitalization 23 Times interest earned 24 Cash Flow / debt Tests of Dividend Policy 25 Dividend yield 26 Dividend payout sales revenues / property,plant, and equipment cash / (cash expenses / 365) accounts receivable / (sales / 365 ) inventory / (cost of sales / 365 ) cost of sales / inventory sales revenues / working capital current assets / current liabilities monetary current assets / current liabilities assets / shareholders' equity long-term liabilities / shareholders' equity long-term liabilities / (long-term liabilities + shareholders' equity) (pretax operating profit + interest) / interest cash generated operations / total debt 17.22 2% 4% 6% 64% 19% 2.16 4.46 0.04 0.07 0.33 390,096.02 #DIV/0! 7,179.04 17.69 20.63 0.07 204% 0% 9.23 394.7% 79.8% 141.7% 3.5%

dividends per share / market price per share dividends / net income

2.6% 44.8%

BPI

13.10 2% 18% 14% 58% 31% 2.34 17.54 0.04 0.32 0.43 3.38 318.68 2,441.20 8,434.40 0.04 0.55 108% 22% 11.51 35.7% 26.3% 100.0% 22.6%

0.0% 0.0%

The Price/Earnings ratio is how much investors are willing to pay per peso of earnings. Metrobank has a higher P/E ratio tha ROA gives an idea as to how efficient management is at using its assets to generate earnings. BPI and

ROIC is used to assess a company's efficiency at allocating the capital under its control to profitable investments. BPI is bette ROE is the amount of net income returned as a percentage of shareholders equity. BPI is better than Metrobank in generatin

Gross Margin Percentage is used to assess a firm's financial health by revealing the portion of money left over from revenue Profit Margin measures how much out of every peso of sales a company actually keeps in earnings. BPI has a higher profit m EPS is a portion of a company's profit allocated to each outstanding share of common stock. BPI's EPS is a little higher than M Cash Realization measures how close a company's net income is to being realized in cash. BPI's cash realization is higher than

Interpretation

TheInvestors are willing to pay more for every peso earning of metrobank. They expect higher earnings growth with metrob The return on assets is equal. More profit is generated by BPI with the money shareholders have invested in and the longterm debts More profit is generated by BPI with the money shareholders have invested in

Metrobank has higher margin, when it converts deposits into loans. Metrobank has higher margin, when it converts deposits into loans. But because of higher overhead costs, its profit margin i PS is a little higher than Metrobank, which means it is better to invest in BPI. ??

Conclusion BPI is performing better based on returns, but higher growth is expected with metrobank

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