Buy Or Sell Opportunity • Jun 05
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.2% to ₱2.18. The fair value is estimated to be ₱2.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 20%. New Risk • May 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 60% Last year net profit margin: 4,430% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (60% net profit margin). Revenue is less than US$5m (₱227m revenue, or US$3.7m). Market cap is less than US$100m (₱1.69b market cap, or US$27.5m). Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: ₱0.17 (vs ₱0.17 in FY 2024) Full year 2025 results: EPS: ₱0.17 (up from ₱0.17 in FY 2024). Revenue: ₱226.4m (up ₱219.4m from FY 2024). Net income: ₱137.3m (up 3.7% from FY 2024). Profit margin: 61% (down from 1,881% in FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 17
Paxys, Inc., Annual General Meeting, May 12, 2026 Paxys, Inc., Annual General Meeting, May 12, 2026, at 10:00 W. Australia Standard Time. Board Change • Mar 10
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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 30
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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₱2.70, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 17x in the Professional Services industry in Asia. Total returns to shareholders of 48% over the past three years. Board Change • Dec 02
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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 55% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (55% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (-2,509% net profit margin). Market cap is less than US$100m (₱2.03b market cap, or US$34.5m). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₱3.00, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 19x in the Professional Services industry in Asia. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₱2.50, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 19x in the Professional Services industry in Asia. Total returns to shareholders of 47% over the past three years. Buy Or Sell Opportunity • Jun 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₱2.54. The fair value is estimated to be ₱3.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 56% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Jun 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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. 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 • May 17
First quarter 2025 earnings released: EPS: ₱0.037 (vs ₱0.044 in 1Q 2024) First quarter 2025 results: EPS: ₱0.037 (down from ₱0.044 in 1Q 2024). Net income: ₱29.3m (down 17% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • May 13
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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₱3.35, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 17x in the Professional Services industry in Asia. Total returns to shareholders of 68% over the past three years. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: ₱0.17 (vs ₱0.14 in FY 2023) Full year 2024 results: EPS: ₱0.17 (up from ₱0.14 in FY 2023). Net income: ₱132.4m (up 20% from FY 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 24
Paxys, Inc., Annual General Meeting, May 07, 2025 Paxys, Inc., Annual General Meeting, May 07, 2025, at 14:00 W. Australia Standard Time. Location: manila golf & country club,harvard road, forbes park, makati Philippines Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₱3.24, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 18x in the Professional Services industry in Asia. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱2.10, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 19x in the Professional Services industry in Asia. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₱1.22, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 20x in the Professional Services industry in Asia. Total loss to shareholders of 42% over the past three years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₱0.04 (vs ₱0.05 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.04 (down from ₱0.05 in 3Q 2023). Net income: ₱32.5m (down 16% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 118% 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 • Oct 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₱2.08. The fair value is estimated to be ₱1.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 45% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₱1.63, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 20x in the Professional Services industry in Asia. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ₱0.048 (vs ₱0.041 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.048 (up from ₱0.041 in 2Q 2023). Net income: ₱38.6m (up 18% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₱1.04, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 19x in the Professional Services industry in Asia. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₱1.46, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 20x in the Professional Services industry in Asia. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₱1.09, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 19x in the Professional Services industry in Asia. Total loss to shareholders of 53% over the past three years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₱0.044 (vs ₱0.021 in 1Q 2023) First quarter 2024 results: EPS: ₱0.044 (up from ₱0.021 in 1Q 2023). Net income: ₱35.4m (up 106% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: ₱0.14 (vs ₱0.039 in FY 2022) Full year 2023 results: EPS: ₱0.14 (up from ₱0.039 in FY 2022). Net income: ₱110.7m (up 256% from FY 2022). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Ankündigung • Mar 19
Paxys, Inc., Annual General Meeting, May 10, 2024 Paxys, Inc., Annual General Meeting, May 10, 2024, at 14:00 Singapore Standard Time. Location: Manila Golf & Country Club, Harvard Road, Forbes Park, Makati City Makati City Philippines Agenda: To consider Call to Order; to Proof of Notice and Certification of Quorum; to Approval of Minutes of Previous Stockholders' Meeting; to Management Report and Audited Financial Statements for the Year Ended December 31,2023; to Ratification of Previous Corporate Acts; to Election of Directors; to Appointment of External Auditors; and to consider other matters if any. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₱1.20, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 21x in the Professional Services industry in Asia. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₱1.47, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 22x in the Professional Services industry in Asia. Total loss to shareholders of 37% over the past three years. New Risk • Nov 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (25% accrual ratio). Revenue is less than US$1m (₱9.8m revenue, or US$176k). Minor Risk Market cap is less than US$100m (₱835.0m market cap, or US$15.0m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.05 (vs ₱0.03 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.05 (up from ₱0.03 in 3Q 2022). Net income: ₱38.5m (up 132% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Ankündigung • Oct 05
Paxys, Inc., Annual General Meeting, Dec 11, 2023 Paxys, Inc., Annual General Meeting, Dec 11, 2023, at 14:00 Singapore Standard Time. Location: The Manila Golf & Country Club, Harvard Road, Forbes Park, Makati City Philippines Agenda: To consider Approval of Minutes of Previous Stockholders' Meeting; to consider Management Report and Audited Financial Statements for the Year Ended December 31, 2023; to consider Ratification of Previous Corporate Acts; to consider Election of Directors; to consider Appointment of External Auditors; and to consider other matters. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₱1.06, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 22x in the Professional Services industry in Asia. Total loss to shareholders of 48% over the past three years. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ₱0.041 (vs ₱0.009 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.041 (up from ₱0.009 in 2Q 2022). Net income: ₱32.9m (up 355% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₱1.45, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 21x in the Professional Services industry in Asia. Total loss to shareholders of 36% over the past three years. Buying Opportunity • Jun 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be ₱1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: ₱0.039 (vs ₱0.017 loss in FY 2021) Full year 2022 results: EPS: ₱0.039 (up from ₱0.017 loss in FY 2021). Net income: ₱31.1m (up ₱44.5m from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% 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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Oct 14
Paxys, Inc., Annual General Meeting, Dec 13, 2022 Paxys, Inc., Annual General Meeting, Dec 13, 2022, at 14:00 Singapore Standard Time. Location: Manila Golf & Country Club, Harvard Road, Forbes Park Makati City Philippines Agenda: To consider approval of Minutes of Previous Stockholders' Meeting; to consider management Report and Audited Financial Statements for the Year Ended December 31, 2021; to consider ratification of Previous Corporate Acts; to consider Election of Directors; to consider appointment of External Auditors; and to transact other business. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: ₱0.009 (vs ₱0.011 loss in 2Q 2021) Second quarter 2022 results: EPS: ₱0.009 (up from ₱0.011 loss in 2Q 2021). Revenue: ₱9.20m (down 21% from 2Q 2021). Net income: ₱7.23m (up ₱15.7m from 2Q 2021). Profit margin: 79% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2022 earnings released: ₱0.001 loss per share (vs ₱0.003 loss in 1Q 2021) First quarter 2022 results: ₱0.001 loss per share (up from ₱0.003 loss in 1Q 2021). Net loss: ₱906.0k (loss narrowed 62% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. 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. No experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Edwin SyCip was the last independent director to join the board, commencing their role in 2004. 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 15
Full year 2021 earnings released Full year 2021 results: Net loss: ₱13.4m (loss narrowed 48% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2021 earnings released: ₱0.003 loss per share (vs ₱0.006 loss in 1Q 2020) First quarter 2021 results: Net loss: ₱2.39m (loss narrowed 50% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: ₱0.032 loss per share (vs ₱0.03 profit in FY 2019) Full year 2020 results: Net loss: ₱25.9m (down 207% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 12
New 90-day high: ₱2.47 The company is up 22% from its price of ₱2.03 on 11 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: ₱2.30 The company is up 10.0% from its price of ₱2.09 on 20 August 2020. The Filipino market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 6.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: ₱0.01 loss per share Third quarter 2020 results: Net loss: ₱7.63m (down 177% from profit in 3Q 2019). 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 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day high: ₱2.15 The company is up 3.0% from its price of ₱2.09 on 05 August 2020. The Filipino market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also up 3.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: ₱2.02 The company is down 3.0% from its price of ₱2.09 on 03 July 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 14% over the same period. Ankündigung • Jul 24
Paxys, Inc.'s Ordinary Shares to Be Deleted from Other OTC Paxys, Inc. Ordinary Shares (Phillippines) will be deleted from other OTC effective from June 29, 2020 due to Inactive Security.