Reported Earnings • May 08
First quarter 2026 earnings released: EPS: ₱1.13 (vs ₱0.92 in 1Q 2025) First quarter 2026 results: EPS: ₱1.13 (up from ₱0.92 in 1Q 2025). Revenue: ₱58.8b (up 12% from 1Q 2025). Net income: ₱3.26b (up 24% from 1Q 2025). Profit margin: 5.6% (up from 5.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Buy Or Sell Opportunity • May 06
Now 20% undervalued Over the last 90 days, the stock has risen 20% to ₱43.10. The fair value is estimated to be ₱54.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: ₱3.96 (vs ₱3.64 in FY 2024) Full year 2025 results: EPS: ₱3.96 (up from ₱3.64 in FY 2024). Revenue: ₱242.5b (up 11% from FY 2024). Net income: ₱11.3b (up 8.8% from FY 2024). Profit margin: 4.7% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Announcement • Apr 07
Puregold Price Club, Inc. Approves Declaration of Special Dividend, Payable on September 9, 2026 Puregold Price Club, Inc. at its board of directors meeting held on 31 March 2026, approved declaration of special dividend of PHP 0.79 per share with record date: August 17, 2026 and Payment Date: September 9, 2026. Declared Dividend • Apr 03
Dividend of ₱1.18 announced Shareholders will receive a dividend of ₱1.18. Ex-date: 16th April 2026 Payment date: 7th May 2026 Dividend yield will be 4.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 02
Puregold Price Club, Inc. announces Annual dividend, payable on May 07, 2026 Puregold Price Club, Inc. announced Annual dividend of PHP 1.1800 per share payable on May 07, 2026, ex-date on April 16, 2026 and record date on April 17, 2026. Announcement • Apr 01
Puregold Price Club, Inc., Annual General Meeting, May 12, 2026 Puregold Price Club, Inc., Annual General Meeting, May 12, 2026, at 10:00 W. Australia Standard Time. Location: 7th flr. board room, tabacalera compound, Philippines Reported Earnings • Nov 10
Third quarter 2025 earnings released: EPS: ₱0.70 (vs ₱0.68 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.70 (up from ₱0.68 in 3Q 2024). Revenue: ₱58.2b (up 8.8% from 3Q 2024). Net income: ₱2.00b (up 1.9% from 3Q 2024). Profit margin: 3.4% (down from 3.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • Nov 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to ₱37.15. The fair value is estimated to be ₱47.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 5.6%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Price Target Changed • Oct 09
Price target increased by 7.7% to ₱48.04 Up from ₱44.59, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ₱39.95. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₱3.84 for next year compared to ₱3.64 last year. Buy Or Sell Opportunity • Sep 23
Now 21% undervalued Over the last 90 days, the stock has risen 31% to ₱45.20. The fair value is estimated to be ₱57.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 5.6%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 9.2% in the next 2 years. Price Target Changed • Aug 27
Price target increased by 8.5% to ₱43.37 Up from ₱39.96, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₱42.45. Stock is up 57% over the past year. The company is forecast to post earnings per share of ₱3.87 for next year compared to ₱3.64 last year. Upcoming Dividend • Aug 25
Upcoming dividend of ₱0.72 per share Eligible shareholders must have bought the stock before 01 September 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Filipino dividend payers (6.1%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ₱0.93 (vs ₱0.86 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.93 (up from ₱0.86 in 2Q 2024). Revenue: ₱57.5b (up 12% from 2Q 2024). Net income: ₱2.66b (up 7.7% from 2Q 2024). Profit margin: 4.6% (down from 4.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ₱0.92 (vs ₱0.86 in 1Q 2024) First quarter 2025 results: EPS: ₱0.92 (up from ₱0.86 in 1Q 2024). Revenue: ₱52.4b (up 11% from 1Q 2024). Net income: ₱2.64b (up 6.5% from 1Q 2024). Profit margin: 5.0% (down from 5.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of ₱1.09 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Filipino dividend payers (6.6%). Lower than average of industry peers (7.5%). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱29.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Consumer Retailing industry in Asia. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₱31.03 per share. Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: ₱3.64 (vs ₱3.00 in FY 2023) Full year 2024 results: EPS: ₱3.64 (up from ₱3.00 in FY 2023). Revenue: ₱219.2b (up 10% from FY 2023). Net income: ₱10.4b (up 21% from FY 2023). Profit margin: 4.8% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Like-for-like sales growth: 4.5% vs FY 2023 Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Retailing industry in Asia. 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 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₱25.95. The fair value is estimated to be ₱32.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Recent Insider Transactions • Mar 07
Executive Director recently bought ₱559k worth of stock On the 5th of March, Leonardo Dayao bought around 20k shares on-market at roughly ₱27.94 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 18
Executive Director recently bought ₱513k worth of stock On the 14th of February, Leonardo Dayao bought around 20k shares on-market at roughly ₱25.63 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.1m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱0.68 (vs ₱0.77 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.68 (down from ₱0.77 in 3Q 2023). Revenue: ₱53.5b (up 11% from 3Q 2023). Net income: ₱1.96b (down 11% from 3Q 2023). Profit margin: 3.7% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock has risen 30% to ₱31.50. The fair value is estimated to be ₱39.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 2.6%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Recent Insider Transactions • Aug 20
Executive Director recently bought ₱526k worth of stock On the 14th of August, Leonardo Dayao bought around 20k shares on-market at roughly ₱26.28 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.9m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: ₱0.86 (vs ₱0.70 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.86 (up from ₱0.70 in 2Q 2023). Revenue: ₱51.2b (up 9.2% from 2Q 2023). Net income: ₱2.47b (up 24% from 2Q 2023). Profit margin: 4.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 21
Upcoming dividend of ₱0.90 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (4.4%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: ₱0.86 (vs ₱0.84 in 1Q 2023) First quarter 2024 results: EPS: ₱0.86 (up from ₱0.84 in 1Q 2023). Revenue: ₱47.3b (up 6.7% from 1Q 2023). Net income: ₱2.48b (up 3.0% from 1Q 2023). Profit margin: 5.2% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₱3.00 (down from ₱3.24 in FY 2022). Revenue: ₱199.0b (up 8.0% from FY 2022). Net income: ₱8.60b (down 7.4% from FY 2022). Profit margin: 4.3% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Consumer Retailing industry in Asia. 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 14% per year, which means it is significantly lagging earnings. Announcement • Apr 05
Puregold Price Club, Inc., Annual General Meeting, May 14, 2024 Puregold Price Club, Inc., Annual General Meeting, May 14, 2024, at 10:00 Singapore Standard Time. Agenda: To discuss Call to Order; to discuss Approval of the minutes of the previous meeting and ratification of all resolutions and acts performed by the Board of Directors and Management in 2023; to discuss Annual Report and Audited Financial Statements; to discuss Election of Directors; to Appointment of External Auditor and Fixing of its Remuneration; and to discuss other matters. Recent Insider Transactions • Mar 08
Executive Director recently bought ₱551k worth of stock On the 5th of March, Leonardo Dayao bought around 20k shares on-market at roughly ₱27.53 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱4.0m more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 19
Upcoming dividend of ₱0.97 per share at 3.7% yield Eligible shareholders must have bought the stock before 26 December 2023. Payment date: 18 January 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Filipino dividend payers (5.9%). In line with average of industry peers (4.1%). Announcement • Dec 11
Puregold Price Club, Inc. Declares A Cash Dividend, Payable on January 18, 2024 The Board of Directors of Puregold Price Club, Inc. declared a cash dividend in its regular meeting held on December 11, 2023. The details are as follows: Regular Cash Dividend: PHP 0.97 per share. Record Date: December 27, 2023. Payment Date: January 18, 2024. Total Pay-Out: PHP 2.79 billion Pay-out Ratio: 30%. Dividend Yield: 3.6%. The declared dividend is consistent with the Company's dividend policy, which is an annual cash dividend payout ratio of at least 30% of consolidated core net income from the preceding year, subject to the requirements of applicable laws and regulations and the absence of circumstances that may restrict the payment of such dividends. Recent Insider Transactions • Nov 21
Executive Director recently bought ₱285k worth of stock On the 17th of November, Leonardo Dayao bought around 10k shares on-market at roughly ₱28.50 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: ₱0.77 (vs ₱0.79 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.77 (down from ₱0.79 in 3Q 2022). Revenue: ₱48.1b (up 6.0% from 3Q 2022). Net income: ₱2.21b (down 2.7% from 3Q 2022). Profit margin: 4.6% (down from 5.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. 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 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: ₱0.70 (vs ₱0.71 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.70 (down from ₱0.71 in 2Q 2022). Revenue: ₱46.9b (up 7.2% from 2Q 2022). Net income: ₱1.99b (down 2.6% from 2Q 2022). Profit margin: 4.3% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. 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 15% per year, which means it is significantly lagging earnings. Announcement • Jun 22
Puregold Price Club, Inc. (PSE:PGOLD) entered into an agreement to acquire Fourteen DiviMart Supermarkets in Philippines from Harry Uy and Vivian Ong Juanitas Puregold Price Club, Inc. (PSE:PGOLD) entered into an agreement to acquire Fourteen DiviMart Supermarkets in Philippines from Harry Uy and Vivian Ong Juanitas on June 20, 2023. The transaction has already been approved by Puregold Price Club, Inc's Board of directors. Recent Insider Transactions • Jun 14
Independent Director recently bought ₱1.5m worth of stock On the 9th of June, Gil Genio bought around 50k shares on-market at roughly ₱30.46 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 02
Insider recently bought ₱1.5m worth of stock On the 31st of May, Gil Genio bought around 50k shares on-market at roughly ₱30.30 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.5m more in shares than they have sold in the last 12 months. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: ₱0.84 (vs ₱0.75 in 1Q 2022) First quarter 2023 results: EPS: ₱0.84 (up from ₱0.75 in 1Q 2022). Revenue: ₱44.4b (up 15% from 1Q 2022). Net income: ₱2.41b (up 12% from 1Q 2022). Profit margin: 5.4% (down from 5.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Retailing industry in Asia. 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 10% per year, which means it is significantly lagging earnings. Announcement • May 10
Puregold Price Club, Inc. Elects Members to Its Board of Directors Puregold Price Club, Inc. at its Annual Stockholders Meeting held on May 9, 2023, elected Gil B. Genio and Emmanuel G. Herbosa to its board of directors. Please see below the business profiles of the newly-elected directors of Puregold Price Club, Inc.: Gil B. Genio, Filipino, 64 years old: Mr. Genio was the Chief Technology and Information Officer of Globe Telecom, Inc. from 2015 to 2021 and its Chief Strategy Officer from 2011 to 2021. Currently, he is an Independent Director of GT Capital Holdings, Inc. and a Fellow of the Institute of Corporate Directors. Prior to being Chief Technology and Information Officer of Globe Telecom, Inc., he was the Chief Executive Officer of Globe Capital Venture Holdings and Bayantel and Islacom and spent more than 12 years at Citibank - Philippines, Singapore, Japan, Hongkong, and New York. Mr. Genio graduated from the University of the Philippines with a degree of Bachelor of Science in Physics, Magna Cum Laude, in 1980 and obtained a degree in Master's in Business Management, with distinction, from the Asian Institute of Management in 1986. This is the first time Mr. Genio will be nominated as an Independent Director of the Company; Emmanuel G. Herbosa, Filipino, 69 years old: Mr. Herbosa was the President and CEO of the Development Bank of the Philippines from March 2019 to January 2023, the Philippine Export-Import Credit Agency from June 2018 to February 2019, Executive Vice-President of the Bank of Commerce from January 2014 to December 2017, and Senior Vice-President of the Bank of the Philippine Islands from January 2008 to April 2013. Mr. Herbosa graduated from Dela Salle University with a degree of Bachelor of Science in Industrial Management Engineering in 1975 and obtained a degree in Master's in Business Administration from Wharton, University of Pennsylvania in 1979. This is the first time Mr. Herbosa will be nominated as an Independent Director of the Company. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: ₱3.25 (vs ₱2.85 in FY 2021) Full year 2022 results: EPS: ₱3.25 (up from ₱2.85 in FY 2021). Revenue: ₱184.3b (up 12% from FY 2021). Net income: ₱9.29b (up 14% from FY 2021). Profit margin: 5.0% (in line with FY 2021). Like-for-like sales growth: 6.6% vs FY 2021 Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Consumer Retailing industry in Asia. 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 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 29
Upcoming dividend of ₱0.86 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 20 January 2023. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.5%). Lower than average of industry peers (2.5%). Announcement • Dec 03
Puregold Price Club, Inc. (PSE:PGOLD) acquired PriceSmart Philippines, Inc. for PHP 112.5 million. Puregold Price Club, Inc. (PSE:PGOLD) acquired PriceSmart Philippines, Inc. for PHP 112.5 million on November 30, 2022. The board of directors of Kareila Management Corp. owner and operator of S&R membership warehouse, a wholly-owned subsidiary of Puregold Price Club Inc., approved to purchase 100 percent capital stock of PSMT Philippines.
Puregold Price Club, Inc. (PSE:PGOLD) completed the acquisition of PriceSmart Philippines, Inc. on November 30, 2022. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₱0.79 (up from ₱0.61 in 3Q 2021). Revenue: ₱45.3b (up 16% from 3Q 2021). Net income: ₱2.27b (up 30% from 3Q 2021). Profit margin: 5.0% (up from 4.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Retailing industry in Asia. 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 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jim Rosa was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 09
Puregold Price Club, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Puregold Price Club, Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 10
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: ₱0.71 (up from ₱0.68 in 2Q 2021). Revenue: ₱43.7b (up 14% from 2Q 2021). Net income: ₱2.05b (up 4.2% from 2Q 2021). Profit margin: 4.7% (down from 5.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 11%, compared to a 17% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Puregold Price Club, Inc. to Report Q2, 2022 Results on Aug 15, 2022 Puregold Price Club, Inc. announced that they will report Q2, 2022 results on Aug 15, 2022 Recent Insider Transactions • May 28
Executive Director recently bought ₱253k worth of stock On the 26th of May, Leonardo Dayao bought around 8k shares on-market at roughly ₱32.87 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.7m more in shares than they have sold in the last 12 months. Reported Earnings • May 16
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: ₱0.75 (up from ₱0.70 in 1Q 2021). Revenue: ₱38.5b (up 2.1% from 1Q 2021). Net income: ₱2.15b (up 6.5% from 1Q 2021). Profit margin: 5.6% (up from 5.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 17%, compared to a 22% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 12
Puregold Price Club, Inc. (PSE:PGOLD) entered into a agreement to acquire 100% of the shares of Melilla Management Corporation. Puregold Price Club, Inc. (PSE:PGOLD) entered into a agreement to acquire 100% of the shares of Melilla Management Corporation on May 6, 2022. Melilla Management Corporation is a holder of seven leasehold rights in several locations in the Province of Cebu. The consideration for the acquisition of Melilla Management is below 10% of the Company's total book value. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jim Rosa was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 10
Puregold Price Club, Inc. Appoints Victor John G. Dizon as New Investor Relations Officer, Effective March 10, 2022 Puregold Price Club, Inc. has appointed Mr. Victor John G. Dizon as the new Investor Relations Officer starting March 10, 2022. Mr. Dizon has been a finance professional for twenty years. He cut his teeth in the Philippine financial markets with First Metro Investment Corp., where he ended up as the Head of Equities Trading. As a trader and strategist with a solid track record, he gave clients valuable advice and contributed considerable profits to the company. Recent Insider Transactions • Feb 03
Director recently bought ₱740k worth of stock On the 27th of January, Leonardo Dayao bought around 20k shares on-market at roughly ₱37.00 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Dec 29
Upcoming dividend of ₱0.50 per share Eligible shareholders must have bought the stock before 05 January 2022. Payment date: 01 February 2022. Payout ratio is a comfortable 8.2% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Filipino dividend payers (4.1%). Lower than average of industry peers (1.3%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₱0.61 (vs ₱0.58 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: ₱39.1b (flat on 3Q 2020). Net income: ₱1.75b (up 5.9% from 3Q 2020). Profit margin: 4.5% (up from 4.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS ₱0.68 (vs ₱0.57 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₱38.5b (down 6.2% from 2Q 2020). Net income: ₱1.97b (up 20% from 2Q 2020). Profit margin: 5.1% (up from 4.0% in 2Q 2020). The increase in margin was driven by lower expenses. 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 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₱40.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Consumer Retailing industry in Asia. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₱27.10 per share. Is New 90 Day High Low • Feb 25
New 90-day low: ₱35.50 The company is down 16% from its price of ₱42.15 on 27 November 2020. The Filipino market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱27.10 per share. Is New 90 Day High Low • Jan 29
New 90-day low: ₱36.00 The company is down 13% from its price of ₱41.25 on 30 October 2020. The Filipino market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱27.10 per share. Is New 90 Day High Low • Jan 05
New 90-day low: ₱38.40 The company is down 13% from its price of ₱44.10 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 Consumer Retailing industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱31.29 per share. Upcoming Dividend • Dec 29
Upcoming Dividend of ₱0.45 Per Share Will be paid on the 29th of January to those who are registered shareholders by the 5th of January. The trailing yield of 1.1% is below the top quartile of Filipino dividend payers (4.0%), but is in line with industry peers (1.2%). Is New 90 Day High Low • Dec 18
New 90-day low: ₱40.35 The company is down 16% from its price of ₱48.20 on 18 September 2020. The Filipino market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱31.29 per share. Is New 90 Day High Low • Oct 30
New 90-day low: ₱41.25 The company is down 14% from its price of ₱48.00 on 30 July 2020. The Filipino market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱33.38 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Annual earnings released: Earnings miss expectations Earnings per share (EPS) missed analyst estimates by 12% at ₱0.58. Revenue is forecast to grow 9.2% over the next year, compared to a 9.0% growth forecast for the Consumer Retailing industry in Philippines. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ₱7.27b, up 15% from the prior year. Total revenue was ₱165.7b over the last 12 months, up 9.4% from the prior year. Is New 90 Day High Low • Oct 07
New 90-day low: ₱44.10 The company is down 6.0% from its price of ₱46.90 on 09 July 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱33.14 per share. Announcement • Sep 26
Puregold Price Club, Inc. (PSE:PGOLD) agreed to acquire Goldtempo Company, Inc from Entenso Equities, Inc, Antonio Delos Santos II, Sherwin C. Hau, Joseph U. Sy, Edison Anggala and Robert Kelvin Kuan for approximately PHP 400 million. Puregold Price Club, Inc. (PSE:PGOLD) agreed to acquire Goldtempo Company, Inc from Entenso Equities, Inc, Antonio Delos Santos II, Sherwin C. Hau, Joseph Sy, Edison Anggala and Robert Kelvin Kuan for approximately PHP 400 million on March 14, 2017. Under the terms, Puregold Price Club, Inc. will acquire approximately 250 million shares from Entenso Equities, Inc. and other sellers. Puregold Price Club, Inc will issue 0.04 shares in exchange of 1 share of Goldtempo Company, Inc. and will issue 8.94 million shares for the acquisition of approximately 250 million share of Goldtempo Company, Inc. As on March 14, 2017, Board of Directors of Puregold Price Club, Inc. approved the transaction. The plan will be submitted for approval of Puregold Price Club, Inc. shareholders during annual general meeting to be held on May 30, 2017. As on May 4, 2017, plan of merger was submitted to Security and Exchange Commission of Philippine. The approval from Security and Exchange Commission is expected to receive within the next two months after shareholders’ approval. On May 30, 2017, the transaction is approved by shareholders of Puregold Price Club, Inc. On November 22, 2017, the transaction is approved by Security and Exchange Commission.