As of: 09/16/2022

COL Date of COL Buy Outstanding Market Cap Revenue Revenue Growth
Ticker Company Name Price Rating Update FV Below Shares (Mil) (PhpMil) 2020 2021 2022E 2023E 2020 2021 2022E 2023E
Banks and Financials 1,579,711 626,926 624,622 636,874 695,473 13% 0% 2% 9%
BDO BANCO DE ORO 120.40 BUY 8/3/22 142.00 118.00 4,386 528,149 188,910 192,700 209,200 229,748 5% 2% 9% 10%
BPI BANK OF PHIL ISLANDS 97.00 HOLD 7/25/22 94.70 78.90 4,513 437,773 101,754 97,405 106,747 116,222 8% -4% 10% 9%
CHIB CHINA BANKING CORP 27.90 BUY 8/3/22 36.60 29.20 2,691 75,087 43,854 48,675 50,636 54,526 27% 11% 4% 8%
EW EASTWEST BANKING COR 6.71 BUY 8/22/22 12.60 9.60 2,250 15,097 33,083 26,774 26,050 28,321 17% -19% -3% 9%
MBT METROPOLITAN BANK 53.60 BUY 8/8/22 81.50 67.90 4,496 241,061 121,236 100,880 109,347 116,683 14% -17% 8% 7%
PNB PHIL NATIONAL BANK 17.68 BUY 8/22/22 43.40 33.30 1,526 26,976 45,620 76,261 47,302 48,303 11% 67% -38% 2%
SECB SECURITY BANK CORP 88.00 BUY 8/19/22 172.00 137.00 754 66,311 50,373 36,811 39,389 42,112 48% -27% 7% 7%
UBP UNION BANK OF PHIL 88.35 HOLD 8/2/22 67.00 53.60 1,361 189,255 42,097 45,116 48,202 59,558 15% 7% 7% 24%
Commercial and Industrial 611,463 562,593 748,075 1,102,571 1,158,260 -35% 33% 47% 5%
ABS ABS-CBN BROADCASTING 9.00 under review 4/5/22 under review under review 872 8,125 42,518 45,752 45,752 45,752 -3% 8% 0% 0%
CEB CEBU AIR INC 43.45 HOLD 8/19/22 51.00 39.20 612 26,774 22,618 15,741 53,471 71,086 -73% -30% 240% 33%
CHP CEMEX HOLDINGS PHIL 0.71 BUY 8/3/22 0.95 0.76 13,489 9,577 19,707 20,887 22,051 24,292 -16% 6% 6% 10%
EAGLE EAGLE CEMENT CORP 15.00 HOLD 8/9/22 15.20 12.10 5,000 75,000 13,906 21,397 27,033 31,399 -30% 54% 26% 16%
GMA7 GMA NETWORK INC 10.74 BUY 8/16/22 14.30 11.90 3,365 36,137 19,336 21,337 24,056 23,414 17% 10% 13% -3%
ICT INTL CONTAINER TERM 182.00 HOLD 8/5/22 201.00 167.00 2,040 370,487 78,286 96,981 108,658 112,438 2% 24% 12% 3%
IMI INTEGRATED MICRO-ELE 6.20 HOLD 8/9/22 7.50 6.20 2,177 13,747 59,064 67,631 73,979 84,108 -9% 15% 9% 14%
MWC MANILA WATER COMPANY 15.58 HOLD 9/1/22 21.00 15.00 2,885 44,896 21,125 20,292 22,589 23,969 -4% -4% 11% 6%
PCOR PETRON CORP 2.85 BUY 9/1/22 4.00 3.20 9,375 26,719 286,033 438,057 724,982 741,804 -44% 53% 65% 2%
Conglomerates 3,023,284 2,467,003 2,937,193 3,172,072 3,350,582 -23% 19% 8% 6%
AC AYALA CORPORATION 731.50 BUY 8/15/22 848.00 737.00 620 452,903 193,622 225,591 266,289 298,898 -27% 17% 18% 12%
AEV ABOITIZ EQUITY VENTU 56.85 HOLD 8/1/22 53.03 42.40 5,630 320,078 186,726 223,929 197,872 205,853 -7% 20% -12% 4%
AGI ALLIANCE GLOBAL 9.42 BUY 8/15/22 20.19 17.50 10,270 88,880 124,555 152,600 167,562 178,739 -29% 23% 10% 7%
COSCO COSCO CAPITAL INC 4.20 BUY 8/19/22 11.90 9.90 6,946 30,178 177,316 192,048 213,528 235,895 7% 8% 11% 10%
DMC DMCI HOLDINGS INC 10.66 BUY 8/10/22 13.85 10.60 13,277 141,538 65,830 108,343 141,754 114,148 -25% 65% 31% -19%
FPH FIRST PHIL HOLDINGS 64.00 BUY 8/16/22 149.00 114.00 487 30,760 107,627 125,501 139,106 141,201 -20% 17% 11% 2%
GTCAP GT CAPITAL HOLDINGS 507.00 BUY 8/22/22 890.00 684.00 215 109,149 134,420 174,643 207,160 239,118 -40% 30% 19% 15%
JGS JG SUMMIT HLDGS 49.05 HOLD 8/15/22 55.20 46.00 7,521 368,904 221,640 230,552 292,930 323,754 -27% 4% 27% 11%
LTG LT GROUP INC c 8.94 N/A N/A N/A N/A 10,816 96,743 94,428 91,173 #N/A N/A #N/A N/A 0% -3% #VALUE! #VALUE!
MPI METRO PACIFIC INVEST 3.73 BUY 8/4/22 8.10 6.20 30,070 109,000 40,855 43,561 62,819 67,498 -17% 7% 44% 7%
SM SM INVESTMENTS CORP 871.00 BUY 8/4/22 973.00 846.00 1,205 1,049,192 394,186 428,058 485,382 517,877 -21% 9% 13% 7%
SMC SAN MIGUEL CORP c 95.00 N/A N/A N/A N/A 2,384 225,960 725,797 941,193 997,671 1,027,601 -29% 30% 6% 3%
Consumer 1,584,698 831,405 884,934 1,029,392 1,140,797 -7% 6% 16% 11%
CNPF CENTURY PACIFIC FOOD 23.80 HOLD 8/15/22 23.90 20.70 3,542 84,306 48,302 54,710 59,412 63,048 19% 13% 9% 6%
DNL D&L INDUSTRIES INC 7.53 BUY 8/17/22 9.50 8.20 7,143 53,786 21,739 30,855 35,135 37,914 -3% 42% 14% 8%
EMI EMPERADOR INC 19.90 HOLD 8/19/22 14.10 11.70 15,736 313,156 51,395 59,133 65,214 71,984 2% 15% 10% 10%
HOME ALLHOME CORP 3.73 BUY 8/23/22 7.40 6.40 3,750 13,988 12,414 14,325 14,879 18,270 3% 15% 4% 23%
JFC JOLLIBEE FOODS CORP 250.00 BUY 8/30/22 284.00 246.00 1,091 278,015 129,476 153,508 205,918 241,897 -28% 19% 34% 17%
MAXS MAXS GROUP INC 5.42 BUY 8/23/22 8.45 6.70 1,037 5,622 7,144 7,640 9,432 11,355 -50% 7% 23% 20%
MONDE MONDE NISSIN CORP 13.86 HOLD 8/17/22 14.50 12.60 17,969 249,045 67,946 69,220 72,689 78,141 4% 2% 5% 7%
PGOLD PUREGOLD PRICE CLUB 31.35 BUY 8/9/22 52.80 45.90 2,869 90,324 168,632 176,638 194,618 212,610 9% 5% 10% 9%
PIZZA SHAKEY'S PIZZA ASIA VENTU 7.80 HOLD 8/17/22 8.70 6.90 1,684 13,133 5,297 5,480 8,127 10,358 -36% 3% 48% 27%
RRHI ROBINSONS RETAIL HLD 62.00 BUY 8/15/22 85.80 71.50 1,576 91,821 151,070 153,327 179,543 195,447 -7% 1% 17% 9%
SSI SSI GROUP INC 1.52 BUY 8/19/22 3.03 2.40 3,313 5,014 12,222 15,628 20,514 22,691 -45% 28% 31% 11%
URC UNIVERSAL ROBINA COR 121.80 BUY 8/2/22 144.00 125.00 2,201 265,342 133,140 116,955 131,964 138,671 -1% -12% 13% 5%
WLCON WILCON DEPOT INC 29.55 HOLD 7/29/22 25.20 21.90 4,100 121,147 22,629 27,513 31,946 38,410 -8% 22% 16% 20%
Gaming 82,339 17,658 21,971 29,753 36,230 -62% 24% 35% 22%
BLOOM BLOOMBERY RESORTS CO 7.58 BUY 8/10/22 9.50 8.20 10,861 82,339 17,658 21,971 29,753 36,230 -62% 24% 35% 22%
Mining 249,591 58,813 79,829 121,059 88,672 -5% 36% 52% -27%
NIKL NICKEL ASIA CORP 5.51 BUY 9/6/22 6.90 5.70 13,576 75,106 21,772 27,404 27,487 26,374 21% 26% 0% -4%
SCC SEMIRARA MINING 41.05 BUY 8/5/22 47.80 38.20 4,251 174,485 37,041 52,424 93,572 62,298 -16% 42% 78% -33%
Power 919,006 304,067 339,368 326,837 336,743 -5% 12% -4% 3%
AP ABOITIZ POWER CORP 31.60 BUY 8/1/22 41.90 33.50 7,359 232,532 110,377 134,359 127,760 131,972 -12% 22% -5% 3%
FGEN FIRST GEN CORP 17.60 BUY 8/15/22 30.82 25.60 3,597 63,300 112,652 112,859 112,141 112,880 1% 0% -1% 1%
MER MANILA ELECTRIC CO 310.00 HOLD 7/26/22 377.40 314.00 1,127 349,401 60,551 66,068 61,591 60,338 -12% 9% -7% -2%
ACEN AC ENERGY PHIL INC 6.90 HOLD 8/10/22 5.06 4.20 38,339 273,774 20,488 26,081 25,344 31,553 34% 27% -3% 24%
Property 1,663,059 291,274 316,293 365,262 391,526 -34% 9% 15% 7%
ALI AYALA LAND INC 28.55 BUY 8/8/22 36.80 32.00 15,381 421,457 94,568 102,946 120,694 132,648 -43% 9% 17% 10%
FLI FILINVEST LAND INC 0.89 HOLD 8/16/22 1.06 0.90 24,250 21,582 16,223 16,866 18,251 19,001 -32% 4% 8% 4%
MEG MEGAWORLD CORP 2.28 BUY 8/12/22 4.38 3.80 30,587 71,856 39,300 47,995 54,312 59,068 -37% 22% 13% 9%
RLC ROBINSONS LAND 18.10 BUY 8/11/22 25.60 22.20 5,170 91,986 28,026 36,539 37,457 33,988 -8% 30% 3% -9%
SMPH SM PRIME HOLDINGS 35.75 HOLD 8/4/22 37.80 32.80 28,879 1,032,433 81,900 82,315 104,249 114,488 -31% 1% 27% 10%
VLL VISTA LAND & LIFESCP 1.87 BUY 8/26/22 3.44 2.90 11,946 23,745 31,256 29,632 30,299 32,333 -27% -5% 2% 7%
Telecoms 808,930 357,176 387,483 411,312 440,017 4% 8% 6% 7%
GLO GLOBE TELECOM INC 2,118.00 BUY 8/16/22 3,000.00 2,608.00 136 305,120 160,520 167,747 175,910 183,153 -4% 5% 5% 4%
TEL PH LONG DISTANCE TEL 1,750.00 HOLD 9/13/22 1,850.00 1,608.00 216 378,098 181,004 193,257 202,187 217,812 7% 7% 5% 8%
CNVRG CONVERGE INFO & COMM TECH 17.30 HOLD 8/16/22 24.60 21.30 7,526 125,712 15,652 26,479 33,215 39,052 71% 69% 25% 18%
MARKET 10,272,489 5,458,103 6,259,938 7,074,074 7,549,628 -18% 15% 13% 7%
PSEi 9,114,314 4,099,083 4,623,792 5,030,474 5,356,982 -17% 13% 9% 6%
PSEi ex-TEL, GLO 8,305,385 3,741,907 4,236,309 4,619,161 4,916,965 -19% 13% 9% 6%

* Source: Bloomberg
c
Consensus Forecast
 Net Income Net Income Growth EPS EPS Growth P/E (x) PEG P/BV ROE Div Yield
Ticker 2020 2021 2022E 2023E 2020 2021 2022E 2023E 2020 2021 2022E 2023E 2020 2021 2022E 2023E 2020 2021 2022E 2023E 2022E 2022E 2022E 2022E
103,657 159,734 160,477 184,217 -31% 54% 0% 15% -32% 40% 8% 15% 14.9 10.6 9.9 8.6 0.9 10.2 2.6%
BDO 28,246 42,791 48,376 54,648 -36% 51% 13% 13% 6.37 9.68 10.95 12.38 -36% 52% 13% 13% 18.9 12.4 11.0 9.7 0.8 1.1 10.9 1.0%
BPI 21,409 24,110 30,118 36,438 -26% 13% 25% 21% 4.74 5.34 6.67 8.07 -26% 13% 25% 21% 20.4 18.2 14.5 12.0 0.6 1.4 9.9 1.9%
CHIB 12,063 15,089 16,780 19,182 20% 25% 11% 14% 4.49 5.61 6.23 7.13 20% 25% 11% 14% 6.2 5.0 4.5 3.9 0.4 0.6 13.4 5.4%
EW 6,508 4,515 3,761 4,925 4% -31% -17% 31% 2.89 2.01 1.67 2.19 4% -31% -17% 31% 2.3 3.3 4.0 3.1 0.9 0.2 6.1 0.0%
MBT 13,831 22,156 29,810 32,486 -51% 60% 35% 9% 3.08 4.93 6.63 7.22 -51% 60% 35% 9% 17.4 10.9 8.1 7.4 0.4 0.7 9.1 5.6%
PNB 2,615 31,631 9,515 9,304 -73% 1110% -70% -2% 1.71 20.73 6.24 6.10 -75% 1110% -70% -2% 10.3 0.9 2.8 2.9 0.0 0.2 6.4 0.0%
SECB 7,432 6,917 8,917 9,540 -26% -7% 29% 7% 9.86 9.18 11.83 12.66 -26% -7% 29% 7% 8.9 9.6 7.4 7.0 0.4 0.5 7.0 3.4%
UBP 11,553 12,525 13,200 17,694 -18% 8% 5% 34% 7.59 8.22 6.16 8.26 -34% 8% -25% 34% 11.6 10.8 14.3 10.7 52.0 1.3 11.0 3.2%
-12,009 22,504 46,088 59,110 -139% -287% 105% 28% -151% -233% 146% 14% -44.7 33.6 13.7 11.9 1.6 16.0 3.3%
ABS 2,187 3,160 3,160 3,160 -29% 45% 0% 0% 2.65 3.84 3.84 3.84 -29% 45% 0% 0% 3.4 2.3 2.3 2.3 0.0 0.2 7.5 8.9%
CEB -22,236 -23,605 -12,228 -2,543 -344% 6% -48% -79% -37.14 -42.13 -9.80 -2.04 -344% 13% -77% -79% (1.2) (1.0) (4.4) (21.3) 0.0 (33.5) (272.0) 0.0%
CHP 845 1,053 1,124 1,140 -34% 25% 7% 1% 0.08 0.08 0.08 0.08 -68% -2% 7% 1% 8.9 9.1 8.5 8.4 2.1 0.2 2.5 0.0%
EAGLE 2,979 5,705 5,512 6,505 -49% 92% -3% 18% 0.68 1.21 1.10 1.30 -42% 77% -9% 18% 22.1 12.4 13.6 11.5 3.5 1.6 12.5 2.7%
GMA7 5,985 7,530 7,488 6,642 129% 26% -1% -11% 1.23 1.55 1.54 1.37 128% 26% -1% -11% 8.7 6.9 7.0 7.9 0.0 3.5 51.0 13.5%
ICT 5,292 22,286 29,666 31,187 1% 321% 33% 5% 0.85 9.88 13.52 14.27 -25% 1059% 37% 6% 213.6 18.4 13.5 12.8 0.7 3.8 30.2 3.3%
IMI -180 -549 -443 775 -56% 206% -19% -275% -0.08 -0.24 -0.19 0.34 -56% 199% -19% -275% (77.5) (25.9) (32.1) 18.4 0.0 0.7 (2.1) 0.0%
MWC 4,500 3,673 5,010 5,546 -18% -18% 36% 11% 1.81 1.23 1.51 1.68 -18% -32% 23% 11% 8.6 12.7 10.3 9.3 0.6 0.6 7.1 2.8%
PCOR -11,380 3,252 6,799 6,698 623% -129% 109% -1% -2.00 0.05 0.29 0.20 1076% -103% 479% -29% (1.4) 57.0 9.8 13.9 0.0 0.3 6.0 0.0%
122,672 205,877 251,860 241,123 -55% 68% 22% -4% -57% 70% 22% #VALUE! 27.9 16.4 13.5 #VALUE! #VALUE! 8.1 1.6%
AC 17,142 27,774 27,420 31,008 -51% 62% -1% 13% 24.00 41.17 40.59 46.39 -56% 72% -1% 14% 30.5 17.8 18.0 15.8 2.9 1.2 7.3 1.0%
AEV 15,434 27,310 17,125 18,840 -30% 77% -37% 10% 2.74 4.85 3.04 3.34 -30% 77% -37% 10% 20.7 11.7 18.7 17.0 0.0 1.3 6.8 2.8%
AGI 8,829 16,900 18,653 20,090 -50% 91% 10% 8% 0.88 1.82 1.85 1.99 -50% 108% 2% 8% 10.8 5.2 5.1 4.7 1.1 0.4 9.1 1.1%
COSCO 5,900 6,597 7,989 9,276 -49% 12% 21% 16% 0.82 0.92 1.11 1.29 -49% 12% 21% 16% 5.1 4.6 3.8 3.3 0.2 0.3 8.4 4.3%
DMC 7,286 18,394 39,622 25,531 -31% 152% 115% -36% 0.55 1.39 2.98 1.92 -31% 152% 115% -36% 19.4 7.7 3.6 5.5 0.2 1.2 25.8 9.8%
FPH 9,860 10,021 9,746 9,837 -22% 2% -3% 1% 18.94 19.25 18.72 18.90 -16% 2% -3% 1% 3.4 3.3 3.4 3.4 0.0 0.3 7.8 3.1%
GTCAP 6,546 10,983 15,603 18,500 -68% 68% 42% 19% 27.67 48.28 69.74 83.20 -68% 74% 44% 19% 18.3 10.5 7.3 6.1 0.2 0.5 7.3 0.6%
JGS -468 5,108 16,248 34,994 -101% -1192% 218% 115% -0.07 0.73 2.32 4.99 -102% -1140% 218% 115% (700.7) 67.4 21.2 9.8 - 1.0 4.8 0.8%
LTG 21,022 20,246 30,138 #N/A N/A -9% -4% 49% #VALUE! 1.94 1.87 2.79 #N/A N/A -9% -4% 49% #VALUE! 4.6 4.8 3.2 #VALUE! 0.0 #VALUE! #N/A N/A 7.0%
MPI 4,748 10,119 14,767 15,950 -80% 113% 46% 8% 0.15 0.32 0.47 0.51 -80% 113% 46% 8% 24.7 11.6 7.9 7.4 0.3 0.6 7.2 2.9%
SM 23,400 38,500 43,801 45,250 -47% 65% 14% 3% 19.42 31.40 36.36 37.56 -48% 62% 16% 3% 44.9 27.7 24.0 23.2 2.6 2.2 9.6 0.7%
SMC 2,973 13,925 10,747 11,848 -86% 368% -23% 10% -1.66 2.48 5.76 6.35 -128% -249% 132% 10% (57.2) 38.3 16.5 15.0 0.0 0.7 0.0 1.5%
32,994 70,431 68,817 78,952 -27% 113% -2% 15% -38% 41% 24% 15% 41.9 29.7 24.0 20.8 2.6 12.6 1.3%
CNPF 3,879 4,665 4,909 5,439 23% 20% 5% 11% 1.10 1.32 1.39 1.54 23% 20% 5% 11% 21.7 18.0 17.2 15.5 2.2 3.0 18.7 1.7%
DNL 2,012 2,643 2,777 3,464 -23% 31% 5% 25% 0.28 0.37 0.39 0.48 -24% 31% 5% 25% 26.7 20.4 19.4 15.5 1.3 2.6 14.0 2.9%
EMP 8,037 12,010 13,227 14,537 19% 49% 10% 10% 0.51 0.76 0.83 0.92 21% 49% 10% 10% 39.2 26.3 23.8 21.7 2.4 3.8 16.9 1.5%
HOME 988 1,444 1,266 1,764 -6% 46% -12% 39% 0.26 0.39 0.34 0.47 -32% 46% -12% 38% 14.2 9.7 11.0 7.9 1.0 0.9 8.3 0.0%
JFC -11,495 5,943 9,169 10,461 -279% -152% 54% 14% -11.48 4.19 7.11 8.26 -295% -136% 70% 16% (21.8) 59.7 35.2 30.3 - 4.5 15.7 0.7%
MAXS -1,675 450 285 578 -332% -127% -37% 103% -2.15 0.58 0.37 0.74 -334% -127% -37% 103% (2.5) 9.3 14.8 7.3 - 0.9 6.3 1.9%
MONDE 8,066 3,798 6,991 8,516 38% -53% 84% 22% 1.12 0.21 0.39 0.47 26% -81% 84% 22% 12.4 65.6 35.6 29.2 0.7 2.5 8.7 0.9%
PGOLD 8,067 8,707 9,756 10,886 19% 8% 12% 12% 2.80 3.02 3.38 3.77 17% 8% 12% 12% 11.2 10.4 9.3 8.3 0.8 1.1 12.3 1.9%
PIZZA -254 123 605 894 -129% -148% 392% 48% -0.17 0.08 0.36 0.53 -130% -147% 349% 48% (45.9) 97.5 21.7 14.7 - 2.0 8.7 1.3%
RRHI 3,217 4,528 4,018 4,472 -18% 41% -11% 11% 1.86 2.87 2.55 2.84 -25% 54% -11% 11% 33.3 21.6 24.3 21.9 0.0 1.2 5.9 1.1%
SSI -904 234 804 1,062 -211% -126% 244% 32% -0.27 0.07 0.24 0.32 -209% -126% 244% 32% (5.6) 21.5 6.3 4.7 - 0.4 2.2 1.4%
URC 11,607 23,324 11,761 13,014 19% 101% -50% 11% 5.27 4.49 5.34 5.90 10% -15% 19% 11% 23.1 27.1 22.8 20.6 1.6 2.7 10.4 2.4%
WLCON 1,449 2,561 3,249 3,865 -32% 77% 27% 19% 0.62 0.62 0.79 0.94 19% 1% 27% 19% 47.7 47.3 37.3 31.4 1.6 6.0 14.7 0.0%
-8,313 -4,424 1,919 5,383 -181% -47% -143% 181% -184% -49% -144% 182% -10.0 -19.4 44.6 15.8 2.8 6.6 0.0%
BLOOM -8,313 -4,424 1,919 5,383 -181% -47% -143% 181% -0.76 -0.39 0.17 0.48 -184% -49% -144% 182% (10.0) (19.4) 44.6 15.8 - 2.8 6.6 0.0%
8,833 24,014 52,909 33,333 -29% 172% 120% -37% -24% 163% 113% -35% 27.2 10.4 4.9 7.5 2.1 55.8 9.1%
NIKL 4,069 7,813 10,627 10,680 52% 92% 36% 1% 0.30 0.57 0.78 0.78 49% 92% 36% 1% 18.5 9.7 7.1 7.1 0.4 1.8 28.1 10.4%
SCC 4,764 16,201 42,282 22,653 -51% 240% 161% -46% 1.12 3.80 9.92 5.32 -51% 240% 161% -46% 36.7 10.8 4.1 7.7 0.2 2.4 71.2 8.5%
45,104 61,711 68,386 74,195 -22% 37% 11% 8% 2% 12% 13% 6% 10.9 9.7 8.6 8.1 1.0 16.5 4.2%
AP 12,578 20,837 20,857 23,668 -35% 66% 0% 13% 1.71 2.83 2.83 3.22 -35% 66% 0% 13% 18.5 11.2 11.1 9.8 1.7 1.4 12.5 4.6%
FGEN 11,922 13,429 13,701 13,975 -23% 13% 2% 2% 3.00 3.41 3.49 3.17 -24% 14% 2% -9% 5.9 5.2 5.0 5.6 0.0 0.4 8.4 4.0%
MER 16,316 22,193 23,695 24,318 -30% 36% 7% 3% 14.48 19.69 21.02 21.58 -30% 36% 7% 3% 21.4 15.7 14.7 14.4 3.2 3.1 21.2 4.1%
ACEN 4,288 5,251 10,133 12,234 -1129% 22% 93% 21% 0.27 0.13 0.26 0.31 -594% -52% 93% 21% 25.2 52.1 27.0 22.4 0.0 2.8 8.0 0.6%
51,666 65,875 80,542 90,406 -55% 28% 22% 12% -58% 30% 22% 12% 34.1 26.2 21.4 19.1 1.5 8.1 1.0%
ALI 8,727 12,228 16,114 18,212 -74% 40% 32% 13% 0.59 0.83 1.09 1.24 -74% 40% 31% 14% 48.2 34.4 26.2 23.0 1.2 1.7 6.8 1.0%
FLI 3,733 3,803 3,351 3,959 -41% 2% -12% 18% 0.15 0.16 0.14 0.16 -41% 4% -13% 14% 5.8 5.6 6.4 5.6 0.0 0.2 3.8 7.1%
MEG 9,886 13,434 13,853 14,598 -45% 36% 3% 5% 0.29 0.42 0.42 0.44 -46% 43% 0% 4% 7.7 5.4 5.4 5.2 2.9 0.4 6.8 3.1%
RLC 5,264 8,196 8,152 8,571 -39% 56% -1% 5% 1.01 1.55 1.55 1.65 -39% 53% 0% 6% 17.9 11.7 11.7 11.0 3.7 0.7 6.0 2.8%
SMPH 18,000 21,787 32,373 37,911 -53% 21% 49% 17% 0.62 0.75 1.12 1.31 -53% 20% 49% 17% 57.3 47.7 31.9 27.3 1.0 2.8 9.4 0.3%
VLL 6,056 6,427 6,699 7,155 -46% 6% 4% 7% 0.47 0.50 0.52 0.55 -47% 7% 4% 6% 4.0 3.7 3.6 3.4 0.7 0.2 5.8 8.8%
50,998 58,637 60,215 67,441 -1% 15% 3% 12% 3% 12% -2% 19% 16.3 14.5 14.9 12.5 2.9 20.0 6.1%
GLO 19,523 21,246 18,597 21,488 -13% 9% -12% 16% 141.44 153.57 138.13 159.60 -14% 9% -10% 16% 15.0 13.8 15.3 13.3 7.9 2.4 16.0 5.1%
TEL 28,087 30,233 32,894 36,402 4% 8% 9% 11% 112.12 121.76 118.48 142.83 8% 9% -3% 21% 15.6 14.4 14.8 12.3 1.8 3.1 20.9 7.2%
CNVRG 3,388 7,158 8,724 9,551 78% 111% 22% 9% 0.45 0.95 1.19 1.31 66% 111% 25% 10% 38.4 18.2 14.5 13.2 0.8 3.4 23.2 0.0%
386,769 640,345 738,303 800,828 -47% 66% 15% 8% -48% 57% 23% #VALUE! 26.9 17.1 13.9 #VALUE! #VALUE! 11.6 2.3%
335,428 528,184 624,750 652,234 -43% 57% 18% 4% 233 352 428 #VALUE! -45% 51% 22% #VALUE! 28.1 18.6 15.3 #VALUE! #VALUE! 12.1 2.1%
284,430 469,547 564,536 584,792 -47% 65% 20% 4% -49% 58% 24% #VALUE! 30.2 19.1 15.3 #VALUE! #VALUE! 11.4 1.7%

Important Disclaimers
Securities recommendations and opinions offered by COL Financial Group, Inc. are subject to investment risks including the possible loss of the principle amount invested. Although information has been obtained from and is based upon sources we believe to be reliable, we do not guarantee its accuracy and it may be incomplete or
condensed. All opinions and estimates constitute the judgment of COL's Equity Research Departments as of the date of the report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. COL Financial and/or its
employees may have investments in securities or derivatives of the companies mentioned in this report and may trade them in ways different from those discussed.