Elevator Pitch
Philippines-listed food & beverage company Universal Robina Corporation's (OTCPK:UVRBY) (OTCPK:UVRBF) [URC:PM] share price is down -38% from its all-time peak of PHP231 in April 2015, largely due to market share losses in the coffee segment in recent years.
Universal Robina currently trades at 26.4 times consensus forward FY2020 P/E which represents a discount to its historical five-year average forward P/E of approximately 32 times. The stock also offers a consensus forward FY2020 dividend yield of 2.2%.
I assign a "Neutral" rating to Universal Robina. Although I am positive on