Reported Earnings • May 09
First quarter 2026 earnings released: EPS: ₱0.64 (vs ₱0.32 in 1Q 2025) First quarter 2026 results: EPS: ₱0.64 (up from ₱0.32 in 1Q 2025). Revenue: ₱63.1b (up 11% from 1Q 2025). Net income: ₱4.47b (up 106% from 1Q 2025). Profit margin: 7.1% (up from 3.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% 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 13% per year whereas the company’s share price has increased by 11% per year. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Apr 09
Upcoming dividend of ₱0.27 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Filipino dividend payers (6.6%). Higher than average of industry peers (4.6%). Reported Earnings • Apr 08
Full year 2025 earnings released Full year 2025 results: Revenue: ₱262.0b (up 11% from FY 2024). Net income: ₱16.0b (up 71% from FY 2024). Profit margin: 6.1% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue. Annonce • Apr 07
Cosco Capital, Inc. Approves Declaration of Special Dividend, Payable on September 14, 2026 Cosco Capital, Inc. at the board meeting held on 31 March 2026, approved declaration of special dividend of PHP 0.133 per share or total of PHP 931,663,921.80, payable on September 14, 2026 and Record Date: August 20, 2026. Annonce • Apr 02
Cosco Capital, Inc. announces Annual dividend, payable on May 11, 2026 Cosco Capital, Inc. announced Annual dividend of PHP 0.2650 per share payable on May 11, 2026, ex-date on April 16, 2026 and record date on April 17, 2026. Annonce • Apr 01
Cosco Capital, Inc., Annual General Meeting, May 15, 2026 Cosco Capital, Inc., Annual General Meeting, May 15, 2026, at 13:00 W. Australia Standard Time. Location: 7f board room, tabacalera compound, Philippines Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ₱0.88 (vs ₱0.28 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.88 (up from ₱0.28 in 3Q 2024). Revenue: ₱63.3b (up 9.9% from 3Q 2024). Net income: ₱6.19b (up 228% from 3Q 2024). Profit margin: 9.8% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 27
Upcoming dividend of ₱0.13 per share Eligible shareholders must have bought the stock before 03 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Filipino dividend payers (6.0%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: ₱0.77 (vs ₱0.31 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.77 (up from ₱0.31 in 2Q 2024). Revenue: ₱62.8b (up 13% from 2Q 2024). Net income: ₱5.44b (up 160% from 2Q 2024). Profit margin: 8.7% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% 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 13% per year whereas the company’s share price has increased by 18% per year. Price Target Changed • May 27
Price target increased by 10.0% to ₱13.20 Up from ₱12.00, the current price target is provided by 1 analyst. New target price is 112% above last closing price of ₱6.24. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₱1.37 for next year compared to ₱1.36 last year. Upcoming Dividend • May 01
Upcoming dividend of ₱0.26 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Filipino dividend payers (6.4%). Higher than average of industry peers (7.4%). New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 20% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 15
Full year 2024 earnings released: EPS: ₱2.20 (vs ₱1.07 in FY 2023) Full year 2024 results: EPS: ₱2.20 (up from ₱1.07 in FY 2023). Revenue: ₱237.0b (up 11% from FY 2023). Net income: ₱15.5b (up 110% from FY 2023). Profit margin: 6.5% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱0.84 (vs ₱0.26 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.84 (up from ₱0.26 in 3Q 2023). Revenue: ₱57.6b (up 11% from 3Q 2023). Net income: ₱5.95b (up 226% from 3Q 2023). Profit margin: 10% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% 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 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Sep 10
Cosco Capital, Inc. (PSE:COSCO) acquired Matuno River Development Corporation from Magis Energy Holdings Corp. and Mr. Ruben Diego Q. Picardo for PHP 1.02 billion. Cosco Capital, Inc. (PSE:COSCO) agreed to acquire Matuno River Development Corporation from Magis Energy Holdings Corp. and Mr. Ruben Diego Q. Picardo for PHP 1.02 billion on July 3, 2024. As part of the deal, Cosco Capital, Inc. will acquire 9.18 million shares of Matuno River Development Corporation. The consideration of the acquisition of shares is intended to be paid through issuance of checks. The transaction has been approved by the Board of Directors of Cosco Capital, Inc.
Cosco Capital, Inc. (PSE:COSCO) completed the acquisition of Matuno River Development Corporation from Magis Energy Holdings Corp. and Mr. Ruben Diego Q. Picardo on September 9, 2024. The Philippine Competition Commission confirmed through a letter that the said acquisition is not subject to the compulsory notification requirement. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₱0.84 (vs ₱0.25 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.84 (up from ₱0.25 in 2Q 2023). Revenue: ₱55.6b (up 9.6% from 2Q 2023). Net income: ₱4.97b (up 183% from 2Q 2023). Profit margin: 8.9% (up from 3.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 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 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Jul 04
Cosco Capital, Inc. (PSE:COSCO) agreed to acquire Matuno River Development Corporation. Cosco Capital, Inc. (PSE:COSCO) agreed to acquire Matuno River Development Corporation on July 3, 2024. As part of the deal, Cosco Capital, Inc. will acquire 9.18 million shares of Matuno River Development Corporation. The consideration of the acquisition of shares is intended to be paid through issuance of checks. The transaction has been approved by the Board of Directors of Cosco Capital, Inc. Upcoming Dividend • May 21
Upcoming dividend of ₱0.21 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Filipino dividend payers (5.7%). In line with average of industry peers (4.4%). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₱0.29 (vs ₱0.26 in 1Q 2023) First quarter 2024 results: EPS: ₱0.29 (up from ₱0.26 in 1Q 2023). Revenue: ₱50.9b (up 7.1% from 1Q 2023). Net income: ₱2.00b (up 12% from 1Q 2023). Profit margin: 3.9% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. 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 2% per year, which means it is significantly lagging earnings. Annonce • May 16
Cosco Capital, Inc. Elects Antonio Abacan, Jr. as Director Cosco Capital, Inc. at its Annual Stockholders Meeting held on May 14, 2024, approved the Election of Antonio Abacan, Jr. as director. Mr. Abacan served as a Monetary Board Member of the Bangko Sentral ng Pilipinas from July 2017 to July 2023. He has held several executive positions within the Metrobank Group, including Group Vice-Chairman, Senior Adviser for First Metro Investment Corporation, and Chairman of the Board for various companies such as Metropolitan Bank and Trust Company, Toyota Financial Services (Phil). Inc., Sumisho Motor Finance Corporation, Manila Doctors Hospital, and Manila Tytana Colleges, Philippine Charter Insurance, and Honorary Chairman for Orix Metro Leasing and Finance Corporation. Additionally, he served as Director and Corporate Secretary of the Bankers Association of the Philippines and as President of GT Capital Holdings, Inc., Philippine Savings Bank, and Data Serv Corporation. Currently, Mr. Abacan is the Director for Banking, Finance, and Taxation at the Philippine Chamber of Commerce and Industry, the Governor of Makati Commercial Estate Association, and a member of the Management Association of the Philippines. He also serves as a Senior Adviser for the Metrobank Foundation and as a Member of the Board of Trustees for GT Metro Foundation and Piso for Unity, Peace, and Progress Foundation. Mr. Abacan earned his Bachelor of Science in Business Administration degree from the Mapua Institute of Technology, majoring in Banking and Finance, and from Far Eastern University, majoring in Accounting. He completed an Executive Program at the Graduate School of Business at Stanford University, California, United States. Additionally, he was granted an honorary Doctorate in Business Administration (Honoris Causa) from the Philippine Women's University. Mr. Abacan is a Filipino, 81 years old, and this marks his first nomination as an independent director of the Company. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: ₱1.79 (vs ₱1.02 in FY 2022) Full year 2023 results: EPS: ₱1.79 (up from ₱1.02 in FY 2022). Revenue: ₱214.5b (up 8.8% from FY 2022). Net income: ₱12.4b (up 76% from FY 2022). Profit margin: 5.8% (up from 3.6% in FY 2022). 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 but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Apr 05
Cosco Capital, Inc., Annual General Meeting, May 14, 2024 Cosco Capital, Inc., Annual General Meeting, May 14, 2024, at 15:00 Singapore Standard Time. Agenda: To consider approval of the minutes of the Previous Meeting; to consider ratification of Previous Acts and Resolutions of the Board of Directors; to consider annual Report and Audited Financial Statements; to consider election of Directors; to consider appointment of External Auditor and Fixing Remuneration; and to consider other Matters. Annonce • Mar 27
Cosco Capital, Inc. (PSE:COSCO) completed the acquisition of 60% stake in Catuiran Hydropower Corporation for PHP 550 million. Cosco Capital, Inc. (PSE:COSCO) agreed to acquire 60% stake in Catuiran Hydropower Corporation on December 14, 2023.Cosco Capital, Inc. (PSE:COSCO) completed the acquisition of 60% stake in Catuiran Hydropower Corporation for PHP 550 million on March 25, 2024. 360,000,003 shares are acquired for a price of PHP 1.533. Upcoming Dividend • Dec 22
Upcoming dividend of ₱0.20 per share at 4.1% yield Eligible shareholders must have bought the stock before 29 December 2023. Payment date: 23 January 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Filipino dividend payers (5.8%). In line with average of industry peers (4.1%). Annonce • Dec 14
Cosco Capital, Inc Declares Cash Dividend, Payable on January 23, 2024 The Board of Directors of Cosco Capital, Inc. approved the following items in its meeting held on December 14, 2023 Declaration of Cash Dividend with details as follows: Regular Cash Dividend: PHP 0.197 per shareRecord Date: January 2, 2024. Payment Date: January 23, 2024. An annual cash dividend payout ratio of at least 20% 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. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ₱0.26 (vs ₱0.26 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.26 (up from ₱0.26 in 3Q 2022). Revenue: ₱52.1b (up 7.2% from 3Q 2022). Net income: ₱1.82b (flat on 3Q 2022). Profit margin: 3.5% (down from 3.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 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 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Nov 10
Cosco Capital, Inc. to Report Q3, 2023 Results on Nov 14, 2023 Cosco Capital, Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Annonce • Oct 18
Cosco Capital, Inc. Announces Retirement of Teodoro Polinga as Chief Finance Officer, Effective October 31, 2023 Cosco Capital, Inc. announced the retirement of Mr. Teodoro Polinga, Chief Finance Officer, effective October 31, 2023, having reached the mandatory retirement age of 65 years old. Mr. Gerardo Teofilo, Assistant Comptroller, will take his place and perform the functions of the Office of the Comptroller. Annonce • Oct 17
Cosco Capital, Inc. Announces Retirement of Teodoro Polinga as Chief Risk Management Officer, Effective October 31, 2023 Cosco Capital, Inc. announced the retirement of Mr. Teodoro Polinga, Chief Risk Management Officer, effective October 31, 2023, having reached the mandatory retirement age of 65 years old. Mr. Gerardo Teofilo, Assistant Comptroller, will take his place and perform the functions of the Office of the Comptroller. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: ₱0.25 (vs ₱0.25 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.25 (up from ₱0.25 in 2Q 2022). Revenue: ₱50.7b (up 8.4% from 2Q 2022). Net income: ₱1.76b (up 2.7% from 2Q 2022). Profit margin: 3.5% (down from 3.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Annonce • Jul 01
Cosco Capital, Inc. Announces Management Changes On June 30, 2023, the Board of Directors of Cosco Capital, Inc. approved the appointment of the following officers for the year 2023-2024: Lead Independent Director: Ms. Cecilia C. Borromeo. Audit Committee (Risk Management and Related Party Transaction Committee): Audit Committee Chairman: Ms. Cecilia C. Borromeo (Independent Director); Audit Committee Member: Mr. Ramon JP Paje (Independent Director); Audit Committee Member: Mr. Leonardo B. Dayao (Regular Director); Audit Committee Member: Ms. Susan P. Co (Regular Director). Corporate Governance Committee (Nomination and Compensation Committee): Corporate Governance Committee Chairman: Mr. Ramon JP Paje (Independent Director). Corporate Governance Committee Member: Ms. Cecilia C. Borromeo (Independent Director). Corporate Governance Committee Member: Mr. Leonardo B. Dayao (Regular Director). Corporate Governance Committee Member: Mr. Lucio L. Co (Regular Director). Annonce • May 10
Cosco Capital, Inc., Annual General Meeting, Jun 30, 2023 Cosco Capital, Inc., Annual General Meeting, Jun 30, 2023, at 10:00 Singapore Standard Time. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: ₱1.02 (vs ₱0.91 in FY 2021) Full year 2022 results: EPS: ₱1.02 (up from ₱0.91 in FY 2021). Revenue: ₱197.1b (up 13% from FY 2021). Net income: ₱7.05b (up 12% from FY 2021). Profit margin: 3.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Jan 06
Upcoming dividend of ₱0.19 per share Eligible shareholders must have bought the stock before 13 January 2023. Payment date: 28 January 2023. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Filipino dividend payers (5.5%). Higher than average of industry peers (2.5%). Annonce • Dec 30
Cosco Capital, Inc. Announces Demise of Robert Y. Cokeng, Independent Director Cosco Capital, Inc. regrets to informed that the untimely demise of its Independent Director, Mr. Robert Y. Cokeng on December 26, 2022. Cosco prays for the eternal repose of his soul. Annonce • Dec 23
Cosco Capital, Inc. (PSE:COSCO) announces an Equity Buyback for PHP 2,000 million worth of its shares. Cosco Capital, Inc. (PSE:COSCO) announces a share repurchase program. Under the program, the company will repurchase up to PHP 2,000 million worth of its common shares. The program will be valid for 2023. As of December 21, 2022, the company had 7,183,475,764 shares in outstanding. Buying Opportunity • Nov 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be ₱5.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 14%. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: ₱0.26 (vs ₱0.20 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.26 (up from ₱0.20 in 3Q 2021). Revenue: ₱48.6b (up 17% from 3Q 2021). Net income: ₱1.81b (up 31% from 3Q 2021). Profit margin: 3.7% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 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 fallen by 14% per year whereas the company’s share price has fallen by 17% per year. 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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Lead Independent Director Robert Cokeng was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Nov 09
Cosco Capital, Inc. Appoints Ramon J.P. Paje as Independent Director, Effective December 1, 2022 The Board of Directors of Cosco Capital, Inc. on November 8, 2022 approved the appointment of Dr. Ramon J.P. Paje as Independent Director, effective December 1, 2022. Annonce • Sep 15
Cosco Capital, Inc. Appoints Rey Arr Cahaponon as the Company's ESG Officer Cosco Capital, Inc. has approved September 14, 2022, the appointment of Engr. Rey Arr Cahaponon as the Company's ESG Officer. Engr. Cahaponon is a professional chemical engineer with experience in Energy, Environment, Health and Safety and Sustainability Management Systems. From 2019 to 2022, he worked as a Process Consultant of ECC International Inc. assigned full-time as a technical staff for Energy, Environment, Health and Safety Management System in Asian Development Bank. From 2018 to 2019, he worked as an EHS and CSR Officer at Verion Global Mining Inc. And from 2016 to 2018, he worked as an Environmental Engineer at Semirara Mining and Power Corporation. Reported Earnings • Aug 17
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₱46.8b (up 14% from 2Q 2021). Net income: ₱1.70b (up 9.5% from 2Q 2021). Profit margin: 3.6% (down from 3.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 16% growth forecast for the Consumer Retailing industry in Philippines. Annonce • Jun 30
Cosco Capital, Inc. Announces Executive Changes Cosco Capital, Inc. announced that Directors Bienvenido Laguesma and Jaime Bautista tendered their resignations on June 29, 2022, as Independent and Regular Directors of Cosco Capital, Inc. In its special meeting held on June 29, 2022, the Board of Directors of Cosco Capital, Inc. accepted the resignations to take effect immediately. Director Bienvenido Laguesma has been appointed Secretary of the Department of Labor, and Director Jaime Bautista has been appointed Secretary of the Department of Transportation by the incoming President of the Philippines, Mr. Ferdinand Marcos Jr. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: ₱0.22 (vs ₱0.20 in 1Q 2021) First quarter 2022 results: EPS: ₱0.22 (up from ₱0.20 in 1Q 2021). Revenue: ₱40.7b (up 2.7% from 1Q 2021). Net income: ₱1.54b (up 9.2% from 1Q 2021). Profit margin: 3.8% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 22% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target increased to ₱14.10 Up from ₱12.00, the current price target is provided by 1 analyst. New target price is 188% above last closing price of ₱4.90. Stock is down 2.8% over the past year. The company posted earnings per share of ₱0.84 last year. 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. 4 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Bienvenido Laguesma 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. Upcoming Dividend • Dec 29
Upcoming dividend of ₱0.12 per share Eligible shareholders must have bought the stock before 05 January 2022. Payment date: 03 February 2022. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Filipino dividend payers (4.1%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₱0.20 (vs ₱0.19 in 3Q 2020) The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: ₱41.4b (flat on 3Q 2020). Net income: ₱1.38b (up 2.4% from 3Q 2020). Profit margin: 3.3% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS ₱0.22 (vs ₱0.15 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: ₱41.0b (down 3.7% from 2Q 2020). Net income: ₱1.55b (up 45% from 2Q 2020). Profit margin: 3.8% (up from 2.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₱0.20 (vs ₱0.20 in 1Q 2020) The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins improved. First quarter 2021 results: Revenue: ₱39.6b (down 8.1% from 1Q 2020). Net income: ₱1.41b (flat on 1Q 2020). Profit margin: 3.6% (up from 3.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 16
New 90-day low: ₱5.10 The company is down 10.0% from a price of ₱5.67 on 16 December 2020. Underperformed the Filipino market, which is down 6.0% over the last 90 days. Exceeded the Consumer Retailing industry, which is down 15% over the same period. Is New 90 Day High Low • Feb 01
New 90-day low: ₱5.12 The company is down 2.0% from its price of ₱5.20 on 04 November 2020. The Filipino market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 1.0% over the same period. Upcoming Dividend • Jan 05
Upcoming Dividend of ₱0.04 Per Share Will be paid on the 9th of February to those who are registered shareholders by the 12th of January. The trailing yield of 2.2% is below the top quartile of Filipino dividend payers (4.0%), but it is higher than industry peers (1.2%). Upcoming Dividend • Dec 29
Upcoming Dividend of ₱0.12 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 2.1% is below the top quartile of Filipino dividend payers (4.0%), but it is higher than industry peers (1.2%). Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ₱0.20 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱41.3b (down 1.0% from 3Q 2019). Net income: ₱1.39b (down 9.4% from 3Q 2019). Profit margin: 3.4% (down from 3.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 06
New 90-day high: ₱5.35 The company is up 8.0% from its price of ₱4.94 on 07 August 2020. The Filipino market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 2.0% over the same period. Annonce • Aug 23
Cosco Capital, Inc. to Report Q2, 2020 Results on Aug 14, 2020 Cosco Capital, Inc. announced that they will report Q2, 2020 results on Aug 14, 2020