WLCON registers a healthy financial amidst the pandemic

WILCON DEPOT, INC. (WLCON) ended the year with a healthy balance sheet. WLCON boosted its cash and short-term investments to 4.6 Billion Pesos while maintaining a zero-indebtedness stance.

Although the pandemic slowdown may have tempered revenue and net income, the over-all result was still healthy. Net income is down a third from last year only due to elevated property depreciation charges which are non-cash charges.

Revenue may be down by a third but cash flow from operating activities rose by 68% to 4.3 Billion Pesos. The increase in cash flow from operations resulted from a better inventory management.

A healthy result leads to a healthy valuation. WLCON is presently valued at 51.31 price-earnings ratio (P/E). Foreign institutional shareholders have crowded WLCON owning around 7.41% of the shares outstanding.

Even with a healthy valuation of 51.31 PE, WLCON is still down 2.1% from a year ago.

This analysis is an independent viewpoint on publicly traded stocks in the Philippine market.  Accuretti Systems Inc. trades stocks in the Philippine market.

You many follow our views and commentaries in Google News in the web or in the Google News app. Just search accuretti.com in Google News (or click this link). Then click the star to follow.

Leave a Reply

%d bloggers like this: