Recent Insider Transactions • 13h
Board Member recently bought ₱553k worth of stock On the 21st of May, Maria Victoria Herminia Young bought around 100k shares on-market at roughly ₱5.53 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱1.9m. Insiders have collectively bought ₱7.3m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: ₱0.48 (vs ₱0.42 in FY 2024) Full year 2025 results: EPS: ₱0.48 (up from ₱0.42 in FY 2024). Revenue: ₱22.3b (up 2.8% from FY 2024). Net income: ₱1.62b (up 14% from FY 2024). Profit margin: 7.2% (up from 6.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Apr 13
Dividend of ₱0.089 announced Shareholders will receive a dividend of ₱0.089. Ex-date: 22nd April 2026 Payment date: 20th May 2026 Dividend yield will be 9.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 11
RFM Corporation, Annual General Meeting, Jun 24, 2026 RFM Corporation, Annual General Meeting, Jun 24, 2026, at 11:00 W. Australia Standard Time. Location: m.aspx, Philippines Recent Insider Transactions • Mar 18
Independent Director recently bought ₱1.9m worth of stock On the 16th of March, Emmanuel Bautista bought around 354k shares on-market at roughly ₱5.45 per share. This transaction increased Emmanuel's direct individual holding by 35x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱4.7m more in shares than they have sold in the last 12 months. Declared Dividend • Jan 17
Dividend of ₱0.089 announced Shareholders will receive a dividend of ₱0.089. Ex-date: 28th January 2026 Payment date: 24th February 2026 Dividend yield will be 9.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 15
RFM Corporation Announces Cash Dividend for January 2026 , Payable on February 24, 2026 RFM Corporation announced that its Board of Directors has approved a PHP 300 million cash dividend, equivalent to Php0.08903 per share, payable on February 24, 2026, to shareholders of record as of January 29, 2026. This declaration underscores RFM's continued commitment to delivering shareholder value following its strong performance in 2025, with preliminary unaudited net income of approximately PHP 1.6 billion and revenues of PHP 22.2 billion, representing 14% and 2% growth, respectively. RFM Declares PHP 300 Million Cash Dividend for January 2026. Recent Insider Transactions • Jan 08
Insider recently bought ₱121k worth of stock On the 7th of January, Maria Victoria Herminia Young bought around 25k shares on-market at roughly ₱4.85 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱350k. Insiders have collectively bought ₱2.2m more in shares than they have sold in the last 12 months. Buy Or Sell Opportunity • Jan 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₱4.88. The fair value is estimated to be ₱4.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 15%. Upcoming Dividend • Nov 14
Upcoming dividend of ₱0.15 per share Eligible shareholders must have bought the stock before 21 November 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Filipino dividend payers (6.5%). In line with average of industry peers (5.7%). Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: ₱0.14 (vs ₱0.14 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.14 (in line with 3Q 2024). Revenue: ₱5.45b (flat on 3Q 2024). Net income: ₱480.0m (up 3.2% from 3Q 2024). Profit margin: 8.8% (up from 8.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 25
Insider recently bought ₱269k worth of stock On the 23rd of October, Maria Victoria Herminia Young bought around 62k shares on-market at roughly ₱4.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱276k. Insiders have collectively bought ₱811k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 27
Chairman of the Board recently bought ₱276k worth of stock On the 25th of September, Jose Maria Concepcion bought around 63k shares on-market at roughly ₱4.38 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jose Maria's only on-market trade for the last 12 months. Upcoming Dividend • Sep 23
Upcoming dividend of ₱0.089 per share Eligible shareholders must have bought the stock before 30 September 2025. Payment date: 22 October 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Filipino dividend payers (6.1%). In line with average of industry peers (5.2%). Announcement • Sep 17
RFM Corporation Declares Cash Dividend, Payable on October 22, 2025 RFM Corporation During its Special Meeting on 17 September 2025, the Board of Directors of RFM Corporation declared cash dividends amounting to PHP 300M Million or PHP 0.08903 per share to stockholders of record as of October 1, 2025 and payable on October 22, 2025. Reported Earnings • Jul 26
Second quarter 2025 earnings released: EPS: ₱0.14 (vs ₱0.13 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.14 (up from ₱0.13 in 2Q 2024). Revenue: ₱5.26b (up 2.2% from 2Q 2024). Net income: ₱463.0m (up 2.9% from 2Q 2024). Profit margin: 8.8% (up from 8.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 22
Upcoming dividend of ₱0.089 per share Eligible shareholders must have bought the stock before 29 July 2025. Payment date: 20 August 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Filipino dividend payers (6.0%). Lower than average of industry peers (4.7%). Announcement • Jun 25
RFM Corporation Elects Jose Ma. A. Concepcion III and Enrique Oliver I. Rey-Matias as Directors RFM Corporation at its AGM held on June 25, 2025, elected Jose Ma. A. Concepcion III and Enrique Oliver I. Rey-Matias as directors. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: ₱0.42 (vs ₱0.38 in FY 2023) Full year 2024 results: EPS: ₱0.42 (up from ₱0.38 in FY 2023). Revenue: ₱21.7b (up 5.1% from FY 2023). Net income: ₱1.42b (up 12% from FY 2023). Profit margin: 6.6% (up from 6.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Apr 12
Third quarter dividend of ₱0.059 announced Shareholders will receive a dividend of ₱0.059. Ex-date: 28th April 2025 Payment date: 26th May 2025 Dividend yield will be 8.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jan 14
Upcoming dividend of ₱0.059 per share Eligible shareholders must have bought the stock before 21 January 2025. Payment date: 18 February 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Filipino dividend payers (6.9%). Higher than average of industry peers (4.6%). Announcement • Jan 08
RFM Corporation Declares Cash Dividend, Payable on February 18, 2025 During its Special Meeting on 8 January 2025, the Board of Directors of RFM Corporation declared cash dividends amounting to PHP 200 Million or PHP 0.05936 per share to stockholders of record as of January 22, 2025 and payable on February 18, 2025. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: ₱0.14 (vs ₱0.13 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.14 (up from ₱0.13 in 3Q 2023). Revenue: ₱5.42b (up 1.7% from 3Q 2023). Net income: ₱465.0m (up 9.7% from 3Q 2023). Profit margin: 8.6% (up from 8.0% in 3Q 2023). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Declared Dividend • Oct 24
Second quarter dividend of ₱0.15 announced Shareholders will receive a dividend of ₱0.15. Ex-date: 5th November 2024 Payment date: 2nd December 2024 Dividend yield will be 9.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 22
RFM Corporation Declares Cash Dividend, Payable on 2 December 2024 During its Regular Meeting on 22 October 2024, the Board of Directors of RFM Corporation declared cash dividends amounting to PHP 500 Million or PHP 0.148388 per share to stockholders of record as of 6 November 2024 and payable on 2 December 2024. Upcoming Dividend • Aug 08
Upcoming dividend of ₱0.089 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 51% and the cash payout ratio is 79%. Trailing yield: 5.7%. Lower than top quartile of Filipino dividend payers (6.4%). Higher than average of industry peers (4.2%). Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: ₱0.13 (vs ₱0.12 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.13 (up from ₱0.12 in 2Q 2023). Revenue: ₱5.15b (up 5.7% from 2Q 2023). Net income: ₱450.0m (up 6.6% from 2Q 2023). Profit margin: 8.7% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Announcement • Aug 02
RFM Corporation Approves Cash Dividend Payable on September 13, 2024; Provides Cash Dividend Guidance for the Year 2024 RFM Corporation announced that the Board of Directors of RFM Corporation approved a cash dividend of Php 300 million or Php 0.089033 per share payable on September 13, 2024 with record date as of August 16, 2024.
For the current year 2024, the company has declared a total of Php 800 million in dividends, or Php 0.237421 per share, comparable to the Php850 million declared in 2023. Buy Or Sell Opportunity • Jul 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to ₱3.81. The fair value is estimated to be ₱3.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 6.9%. Buy Or Sell Opportunity • Jul 01
Now 18% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to ₱3.64. The fair value is estimated to be ₱3.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 6.9%. Announcement • Jun 26
RFM Corporation Elects MARIA VICTORIA CATHERINE C. PUNO as Director RFM Corporation at its Annual Stockholders' Meeting held on 26 June 2024, approved to elect MARIA VICTORIA CATHERINE C. PUNO as director. Buy Or Sell Opportunity • Jun 19
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₱3.80. The fair value is estimated to be ₱3.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 6.9%. Buy Or Sell Opportunity • May 31
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to ₱3.92. The fair value is estimated to be ₱3.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 6.9%. Buy Or Sell Opportunity • May 15
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ₱4.00. The fair value is estimated to be ₱3.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 6.9%. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: ₱0.06 (vs ₱0.04 in 1Q 2023) First quarter 2024 results: EPS: ₱0.06 (up from ₱0.04 in 1Q 2023). Revenue: ₱4.40b (up 2.4% from 1Q 2023). Net income: ₱200.0m (up 48% from 1Q 2023). Profit margin: 4.5% (up from 3.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 12% per year. Upcoming Dividend • Apr 17
Upcoming dividend of ₱0.074 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of Filipino dividend payers (6.0%). Higher than average of industry peers (3.5%). Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: ₱0.38 (vs ₱0.32 in FY 2022) Full year 2023 results: EPS: ₱0.38 (up from ₱0.32 in FY 2022). Revenue: ₱20.7b (up 6.7% from FY 2022). Net income: ₱1.27b (up 19% from FY 2022). Profit margin: 6.1% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year. Upcoming Dividend • Jan 30
Upcoming dividend of ₱0.074 per share at 5.1% yield Eligible shareholders must have bought the stock before 06 February 2024. Payment date: 05 March 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (3.4%). Announcement • Jan 24
RFM Corporation Declares Cash Dividend, Payable on March 5, 2024 RFM Corporation at its Meeting on 24 January 2024, the Board of Directors of the company declared cash dividends amounting to PHP 250 Million or PHP 0.074194 per share to stockholders of record as of February 7, 2024 and payable on March 5, 2024. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ₱0.13 (vs ₱0.08 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.13 (up from ₱0.08 in 3Q 2022). Revenue: ₱5.33b (up 7.8% from 3Q 2022). Net income: ₱424.0m (up 66% from 3Q 2022). Profit margin: 8.0% (up from 5.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Profit margins are more than 30% lower than last year (4.7% net profit margin). Upcoming Dividend • Oct 18
Upcoming dividend of ₱0.059 per share at 8.4% yield Eligible shareholders must have bought the stock before 23 October 2023. Payment date: 21 November 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 8.4%. Within top quartile of Filipino dividend payers (5.5%). Higher than average of industry peers (3.4%). Announcement • Sep 06
RFM Corporation Announces Resignation of Romeo L. Bernardo as Independent Director, Effective 12 September 2023 RFM Corporation announced that Mr. Romeo L. Bernardo has tendered his resignation as an Independent Director of the company effective 12September 2023 in view of his appointment to the Monetary Board. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: ₱0.12 (vs ₱0.11 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.12 (up from ₱0.11 in 2Q 2022). Revenue: ₱4.88b (up 6.8% from 2Q 2022). Net income: ₱422.0m (up 19% from 2Q 2022). Profit margin: 8.7% (up from 7.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Jun 19
Upcoming dividend of ₱0.089 per share at 2.9% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 25 July 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 2.9%. Lower than top quartile of Filipino dividend payers (5.9%). In line with average of industry peers (2.8%). Announcement • Jun 15
RFM Corporation Declares Cash Dividend , Payable on July 25, 2023 During its Regular Meeting on 14 June 2023, the Board of Directors of RFM Corporation declared cash dividends amounting to PHP 300 million or PHP 0.089033 per share to stockholders of record as of 29 June 2023 and payable on 25 July 2023. Announcement • May 17
RFM Corporation Announces Resignation of Harry E. Alvarez as Head of Supply Chain RFM Corporation announced that, Mr. Harry E. Alvarez, Jr. has resigned from the company effective 15 June 2023 as Assistant Vice-President & Head of Supply Chain. He resigned from the Corporation due to personal reasons. Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: ₱0.32 (vs ₱0.39 in FY 2021) Full year 2022 results: EPS: ₱0.32. Revenue: ₱19t (up ₱19t from FY 2021). Net income: ₱1.07t (up ₱1.07t from FY 2021). Profit margin: 5.5% (down from 7.8% in FY 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jan 09
Upcoming dividend of ₱0.10 per share Eligible shareholders must have bought the stock before 16 January 2023. Payment date: 14 February 2023. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 6.7%. Within top quartile of Filipino dividend payers (5.5%). Higher than average of industry peers (3.0%). Announcement • Jan 05
Rfm Corporation Declares Cash Dividends, Payable on 14 February 2023 RFM Corporation declared cash dividends amounting to PHP 350 Million or PHP 0.103871 per share to stockholders of record as of 19 January 2023 and payable on 14 February 2023. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Lilia Bautista was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: ₱0.08 (vs ₱0.07 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.08 (up from ₱0.07 in 3Q 2021). Revenue: ₱4.94b (up 15% from 3Q 2021). Net income: ₱256.0m (up 1.6% from 3Q 2021). Profit margin: 5.2% (down from 5.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be ₱4.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 5.6%. Upcoming Dividend • Sep 05
Upcoming dividend of ₱0.059 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 11 October 2022. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 6.6%. Within top quartile of Filipino dividend payers (5.3%). Higher than average of industry peers (2.8%). Announcement • Sep 02
Rfm Corporation Announces Declaration of Cash Dividends, Payable 11 October 2022 During its Regular Meeting on 1 September 2022, the Board of Directors of RFM Corporation declared cash dividends amounting to Php 200 Million or Php 0.059355 per share to stockholders of record as of 15 September 2022 and payable on 11 October 2022. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: ₱0.11 (vs ₱0.11 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.11 (vs ₱0.11 in 2Q 2021). Revenue: ₱4.57b (up 18% from 2Q 2021). Net income: ₱355.0m (down 3.5% from 2Q 2021). Profit margin: 7.8% (down from 9.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 28
RFM Corporation Declares Regular Cash Dividends, Payable on August 4, 2022 During its Regular Meeting on 27 June 2022, the Board of Directors of RFM Corporation declared cash dividends amounting to PHP 260.6 Million or PHP 0.077335 per share to stockholders of record as of July 11, 2022 and payable on August 4, 2022. The declared cash dividend is the second of two tranches to pay out RFM Corporation's 60% yearly cash dividend policy based on recurring net income. Reported Earnings • May 05
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ₱0.10 (up from ₱0.095 in 1Q 2021). Revenue: ₱3.90b (up 17% from 1Q 2021). Net income: ₱332.0m (up 3.8% from 1Q 2021). Profit margin: 8.5% (down from 9.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Lilia Bautista was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ₱0.39 (up from ₱0.38 in FY 2020). Revenue: ₱16.9b (up 7.5% from FY 2020). Net income: ₱1.31b (up 1.8% from FY 2020). Profit margin: 7.8% (down from 8.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 05
RFM Corporation, Annual General Meeting, Jun 27, 2022 RFM Corporation, Annual General Meeting, Jun 27, 2022, at 11:00 Singapore Standard Time. Agenda: To approve the minutes of the Annual Stockholders' Meeting held on June 30, 2021; to present the President's Report for 2021 and audited financial statements ending December 31, 2021; to ratify the acts of Management and Board of Directors; to elect the directors for 2022; to appoint the external auditor; and to discuss other matters. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS ₱0.07 (vs ₱0.09 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₱4.28b (up 4.3% from 3Q 2020). Net income: ₱252.0m (down 11% from 3Q 2020). Profit margin: 5.9% (down from 6.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS ₱0.11 (vs ₱0.12 in 2Q 2020) The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: ₱3.89b (flat on 2Q 2020). Net income: ₱368.0m (down 7.8% from 2Q 2020). Profit margin: 9.5% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Executive Departure • Aug 04
Assistant VP & Head of Information Technology Department Tee Jay Sumawang has left the company On the 1st of August, Tee Jay Sumawang's tenure as Assistant VP & Head of Information Technology Department ended after 5.1 years in the role. We don't have any record of a personal shareholding under Tee Jay's name. Tee Jay is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.75 years. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS ₱0.38 (vs ₱0.35 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱15.7b (up 2.4% from FY 2019). Net income: ₱1.29b (up 4.5% from FY 2019). Profit margin: 8.2% (up from 8.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 03
RFM Corporation Announces Compensation Committee Changes Mr. Romeo L. Bernardo was elected as Chairman of the Compensation Committee of RFM Corporation replacing Mr. Ernest Fritz Server effective February 2, 2021. Is New 90 Day High Low • Jan 05
New 90-day low: ₱4.53 The company is down 5.0% from its price of ₱4.77 on 08 October 2020. The Filipino market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: ₱4.59 The company is down 2.0% from its price of ₱4.69 on 23 September 2020. The Filipino market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 16% over the same period. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS ₱0.09 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱4.11b (up 7.8% from 3Q 2019). Net income: ₱282.0m (up 11% from 3Q 2019). Profit margin: 6.9% (up from 6.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 
