Max's Group（MAXS）株式概要Max's Group, Inc.は、その子会社とともに、フィリピン国内外において、レストラン、コーヒーショップ、リフレッシュメント・パーラー、カクテル・ラウンジの設立、運営、維持、フランチャイズを行っている。 詳細MAXS ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績2/6財務の健全性3/6配当金4/6報酬当社が推定した公正価値より61.4%で取引されている リスク分析利払いは収益で十分にカバーされない PH市場と比較した過去 3 か月間の株価の変動不安定な配当実績 意味のある時価総額がありません ( ₱2B )すべてのリスクチェックを見るMAXS Community Fair Values Create NarrativeSee what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₱Current Price₱2.3036.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b21b2016201920222025202620282031Revenue ₱21.2bEarnings ₱647.1mAdvancedSet Fair ValueView all narrativesMax's Group, Inc. 競合他社Fruitas HoldingsSymbol: PSE:FRUITMarket cap: ₱1.3bFigaro Culinary GroupSymbol: PSE:FCGMarket cap: ₱3.1bShakey's Pizza Asia VenturesSymbol: PSE:PIZZAMarket cap: ₱10.5bPacific Online SystemsSymbol: PSE:LOTOMarket cap: ₱1.5b価格と性能株価の高値、安値、推移の概要Max's Group過去の株価現在の株価₱2.3052週高値₱3.0052週安値₱2.00ベータ0.681ヶ月の変化6.98%3ヶ月変化-3.77%1年変化-7.26%3年間の変化-52.58%5年間の変化-60.68%IPOからの変化161.36%最新ニュースNew Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₱1.81b market cap, or US$29.4m).Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₱2.65, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 6x in the Hospitality industry in Philippines. Total loss to shareholders of 36% over the past three years.Reported Earnings • Apr 03Full year 2025 earnings released: EPS: ₱0.47 (vs ₱0.54 in FY 2024)Full year 2025 results: EPS: ₱0.47 (down from ₱0.54 in FY 2024). Revenue: ₱12.0b (down 1.7% from FY 2024). Net income: ₱364.5m (down 13% from FY 2024). Profit margin: 3.0% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year.Declared Dividend • Mar 21Dividend reduced to ₱0.12Dividend of ₱0.12 is 13% lower than last year. Ex-date: 8th April 2026 Payment date: 6th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 20Max's Group, Inc. announces Annual dividend, payable on May 06, 2026Max's Group, Inc. announced Annual dividend of PHP 0.1225 per share payable on May 06, 2026, ex-date on April 08, 2026 and record date on April 10, 2026.お知らせ • Mar 13Max's Group, Inc., Annual General Meeting, May 12, 2026Max's Group, Inc., Annual General Meeting, May 12, 2026, at 09:00 W. Australia Standard Time.最新情報をもっと見るRecent updatesNew Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₱1.81b market cap, or US$29.4m).Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₱2.65, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 6x in the Hospitality industry in Philippines. Total loss to shareholders of 36% over the past three years.Reported Earnings • Apr 03Full year 2025 earnings released: EPS: ₱0.47 (vs ₱0.54 in FY 2024)Full year 2025 results: EPS: ₱0.47 (down from ₱0.54 in FY 2024). Revenue: ₱12.0b (down 1.7% from FY 2024). Net income: ₱364.5m (down 13% from FY 2024). Profit margin: 3.0% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year.Declared Dividend • Mar 21Dividend reduced to ₱0.12Dividend of ₱0.12 is 13% lower than last year. Ex-date: 8th April 2026 Payment date: 6th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 20Max's Group, Inc. announces Annual dividend, payable on May 06, 2026Max's Group, Inc. announced Annual dividend of PHP 0.1225 per share payable on May 06, 2026, ex-date on April 08, 2026 and record date on April 10, 2026.お知らせ • Mar 13Max's Group, Inc., Annual General Meeting, May 12, 2026Max's Group, Inc., Annual General Meeting, May 12, 2026, at 09:00 W. Australia Standard Time.Buy Or Sell Opportunity • Dec 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to ₱2.29. The fair value is estimated to be ₱2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 19%.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱2.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 10x in the Hospitality industry in Philippines. Total loss to shareholders of 41% over the past three years.Buy Or Sell Opportunity • Nov 17Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₱2.20. The fair value is estimated to be ₱2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 19%.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₱0.01 (vs ₱0.03 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.01 (down from ₱0.03 in 3Q 2024). Revenue: ₱2.72b (down 8.5% from 3Q 2024). Net income: ₱9.97m (down 55% from 3Q 2024). Profit margin: 0.4% (down from 0.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.New Risk • Aug 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱2.53b market cap, or US$44.3m).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ₱0.13 (vs ₱0.12 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.13 (up from ₱0.12 in 2Q 2024). Revenue: ₱3.04b (flat on 2Q 2024). Net income: ₱101.0m (up 8.4% from 2Q 2024). Profit margin: 3.3% (up from 3.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ₱0.07 (vs ₱0.09 in 1Q 2024)First quarter 2025 results: EPS: ₱0.07 (down from ₱0.09 in 1Q 2024). Revenue: ₱2.81b (flat on 1Q 2024). Net income: ₱50.8m (down 28% from 1Q 2024). Profit margin: 1.8% (down from 2.5% in 1Q 2024). Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 30Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₱0.54 (down from ₱0.62 in FY 2023). Revenue: ₱12.2b (up 1.7% from FY 2023). Net income: ₱418.5m (down 14% from FY 2023). Profit margin: 3.4% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Hospitality industry in Philippines. 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 26% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 28Dividend reduced to ₱0.14Dividend of ₱0.14 is 17% lower than last year. Ex-date: 10th April 2025 Payment date: 9th May 2025 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 25Max's Group, Inc. Approves the Declaration of Special Cash Dividend, Payable on May 9, 2025At its special meeting held on 24 March 2025, Max's Group, Inc.'s Board of Directors approved the declaration of Special cash dividend of PHP 0.14082 per share to stockholders of record as at 11 April 2025, payable on May 9, 2025.お知らせ • Mar 12+ 1 more updateMax's Group, Inc., Annual General Meeting, May 13, 2025Max's Group, Inc., Annual General Meeting, May 13, 2025, at 09:00 W. Australia Standard Time. Location: max`s scout tuazon, 21 scout tuazon street, brgy., laging handa, quezon PhilippinesPrice Target Changed • Jan 22Price target decreased by 63% to ₱3.20Down from ₱8.77, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₱2.41. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₱0.40 for next year compared to ₱0.62 last year.お知らせ • Nov 22+ 1 more updateMax's Group, Inc. Announces Resignation of Roberto Joaquin P. Ramos as Chief Finance Officer, Effective 18 February 2025Max's Group, Inc. announced Mr. Roberto Joaquin P. Ramos tendered his resignation as Chief Finance Officer, effective 18 February 2025. During the meeting of the corporation's Board of Directors held on 21 November 2024, the members of the Board unanimously (i) accepted Mr. Ramos's resignation, and (ii) delegated to the Corporate Governance Committee the task of conducting the search for candidates who are qualified to fill the vacancy created by such resignation.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.03 (vs ₱0.09 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.03 (down from ₱0.09 in 3Q 2023). Revenue: ₱2.97b (up 2.3% from 3Q 2023). Net income: ₱21.9m (down 68% from 3Q 2023). Profit margin: 0.7% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.New Risk • Aug 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin). Significant insider selling over the past 3 months (₱12m sold). Market cap is less than US$100m (₱2.34b market cap, or US$41.0m).Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ₱0.12 (vs ₱0.22 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.12 (down from ₱0.22 in 2Q 2023). Revenue: ₱3.06b (up 2.0% from 2Q 2023). Net income: ₱93.2m (down 45% from 2Q 2023). Profit margin: 3.0% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Recent Insider Transactions • May 23Executive Director recently sold ₱12m worth of stockOn the 21st of May, William Rodgers sold around 4m shares on-market at roughly ₱3.25 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ₱0.06 (vs ₱0.099 in 1Q 2023)First quarter 2024 results: EPS: ₱0.06 (down from ₱0.099 in 1Q 2023). Revenue: ₱2.79b (down 2.1% from 1Q 2023). Net income: ₱44.0m (down 43% from 1Q 2023). Profit margin: 1.6% (down from 2.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.New Risk • Apr 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱2.65b market cap, or US$47.1m).Reported Earnings • Apr 02Full year 2023 earnings released: EPS: ₱0.62 (vs ₱0.79 in FY 2022)Full year 2023 results: EPS: ₱0.62 (down from ₱0.79 in FY 2022). Revenue: ₱12.0b (up 8.9% from FY 2022). Net income: ₱485.8m (down 21% from FY 2022). Profit margin: 4.1% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 30Upcoming dividend of ₱0.17 per shareEligible shareholders must have bought the stock before 03 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (1.4%).Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 5.2% to ₱3.43. The fair value is estimated to be ₱4.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.Declared Dividend • Mar 15Dividend reduced to ₱0.17Dividend of ₱0.17 is 12% lower than last year. Ex-date: 3rd April 2024 Payment date: 30th April 2024 Dividend yield will be 4.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 67% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 5 years.お知らせ • Mar 14+ 1 more updateMax's Group, Inc., Annual General Meeting, May 09, 2024Max's Group, Inc., Annual General Meeting, May 09, 2024, at 01:00 Coordinated Universal Time. Location: Max's Scout Tuazon, 21 Scout Tuazon St., Brgy. Laging Handa, Quezon City Philippines Agenda: To consider the appointment of Isla Lipana & Co./PWC Philippines as the external independent auditor for the year 2024.お知らせ • Mar 13Max's Group, Inc. to Report Fiscal Year 2023 Results on Mar 13, 2024Max's Group, Inc. announced that they will report fiscal year 2023 results on Mar 13, 2024Buying Opportunity • Jan 18Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be ₱4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.Buying Opportunity • Nov 30Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be ₱4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Nov 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 6.4% 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: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (₱2.96b market cap, or US$53.1m).New Risk • Oct 25New major risk - Revenue and earnings growthEarnings have declined by 8.1% 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 8.1% per year over the past 5 years. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱3.31b market cap, or US$58.2m).お知らせ • Oct 13Max's Group, Inc. (PSE:MAXS) announces an Equity Buyback for PHP 200 million worth of its shares.Max's Group, Inc. (PSE:MAXS) announces a share repurchase program. Under the program, the company will repurchase up to PHP 200 million worth of its shares. The program is valid till August 14, 2024. As of October 12, 2023, the company had 1,036,414,624 shares outstanding.Price Target Changed • Sep 19Price target increased by 12% to ₱9.80Up from ₱8.77, the current price target is provided by 1 analyst. New target price is 143% above last closing price of ₱4.04. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₱1.00 for next year compared to ₱0.79 last year.Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: ₱0.22 (vs ₱0.31 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.22 (down from ₱0.31 in 2Q 2022). Revenue: ₱3.00b (up 6.4% from 2Q 2022). Net income: ₱168.3m (down 30% from 2Q 2022). Profit margin: 5.6% (down from 8.5% in 2Q 2022). 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 14% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Jun 13Max's Group, Inc. Announces Executive ChangesMax's Group, Inc. announced that Mr. Isaias P. Fermin tendered his resignation as President and Director effective 31 August 2023 upon his decision to go into retirement. During the meeting of the corporation's Board of Directors held on 9 June 2023, the members of the Board unanimously (i) accepted Mr. Fermin's resignation, and (ii) approved the appointment of Mr. Robert Ramon F. Trota as President (to fill the vacancy created by Mr. Fermin's resignation) effective 31 August 2023. The Board seat currently held by Mr. Fermin will be left vacant following the effectivity of his resignation and until the remaining members of the Board elect a replacement.Reported Earnings • May 16First quarter 2023 earnings released: EPS: ₱0.10 (vs ₱0.053 in 1Q 2022)First quarter 2023 results: EPS: ₱0.10 (up from ₱0.053 in 1Q 2022). Revenue: ₱2.85b (up 32% from 1Q 2022). Net income: ₱77.1m (up 86% from 1Q 2022). Profit margin: 2.7% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • May 12Max's Group, Inc. Approves Board AppointmentsMax's Group, Inc. announced that at its ASM and Organizational Meeting held on 11 May2023, elected Sharon T. Fuentebella as director of the Corporation for the year 2023-2024. During the same organizational meeting, the following committees were constituted: Executive Committee: Sharon T. Fuentebella, Robert Ramon F. Trota, Antonio Jose U. Periquet, Cristina T. Garcia, Jim T. Fuentebella, Carolyn F. Trota. Audit Committee: Antonio Jose U. Periquet (Chairman), Cristina T. Garcia, Dave T. Fuentebella, Carolyn F. Trota (alternate). Corporate Governance Committee: Christopher P. Tanco (Chairman), Antonio Jose U. Periquet, Sharon T. Fuentebella, Robert Ramon F. Trota (alternate).Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₱0.79 (up from ₱0.58 in FY 2021). Revenue: ₱11.0b (up 44% from FY 2021). Net income: ₱618.1m (up 37% from FY 2021). Profit margin: 5.6% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% 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 • Mar 20Upcoming dividend of ₱0.19 per shareEligible shareholders must have bought the stock before 27 March 2023. Payment date: 28 April 2023. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.6%.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Chris Tanco was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₱4.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 25x in the Hospitality industry in Asia. Total loss to shareholders of 64% over the past three years.Price Target Changed • Aug 27Price target increased to ₱8.00Up from ₱7.00, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ₱5.61. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₱0.73 for next year compared to ₱0.58 last year.Major Estimate Revision • Aug 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₱0.38 to ₱0.73. Revenue forecast unchanged at ₱9.58b. Net income forecast to grow 280% next year vs 30% growth forecast for Hospitality industry in Philippines. Consensus price target up from ₱7.00 to ₱8.00. Share price fell 3.4% to ₱5.61 over the past week.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₱5.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Hospitality industry in Asia. Total loss to shareholders of 58% over the past three years.Major Estimate Revision • Aug 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₱7.69b to ₱9.58b. EPS estimate unchanged from ₱0.38 at last update. Hospitality industry in Philippines expected to see average net income growth of 23% next year. Consensus price target of ₱7.00 unchanged from last update. Share price rose 7.5% to ₱5.58 over the past week.お知らせ • Aug 02Max's Group, Inc. Announces Changes to its BoardMax's Group, Inc. announced that Mr. Jose Victor P. Paterno tendered his resignation as Independent Director effective July 15, 2022 is due to personal reasons. During the meeting of the board of directors on July 29, 2022, pursuant to Section 6 of Article III of the company's By-laws, the remaining members of the board of directors, constituting a quorum, elected Mr. Christopher P. Tanco as an Independent Director of the company effective July 29, 2022. Mr. Tanco is also elected as Chairman of the Corporate Governance Committee to replace Mr. Paterno. Mr. Tanco has been pre-screened by the company's Corporate Governance Committee. He has previously served as Independent Director of the Company for the period 2014-2018. Mr. Tanco also serves as Independent Director of Planet Fitness since February 2021; Advisor\Board of Director of Urban Air Adventure Parks since April 2018, Board of Director of 7 - Eleven International since January 2020 and Board of Director of 7 - Eleven Mexico since April 2022. He is also Founder and CEO of Tanco Advisory Group LLC since May 2022.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₱4.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 23x in the Hospitality industry in Asia. Total loss to shareholders of 67% over the past three years.Recent Insider Transactions • May 26President & Executive Director recently bought ₱80k worth of stockOn the 19th of May, Isaias Ariel Fermin bought around 14k shares on-market at roughly ₱5.64 per share. In the last 3 months, they made an even bigger purchase worth ₱2.5m. Isaias Ariel has been a buyer over the last 12 months, purchasing a net total of ₱2.6m worth in shares.Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ₱0.05 (down from ₱0.43 in 1Q 2021). Revenue: ₱2.17b (up 18% from 1Q 2021). Net income: ₱41.5m (down 88% from 1Q 2021). Profit margin: 1.9% (down from 18% in 1Q 2021). Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is forecast to stay flat compared to a 44% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Apr 29President & Executive Director recently bought ₱2.5m worth of stockOn the 25th of April, Isaias Ariel Fermin bought around 394k shares on-market at roughly ₱6.29 per share. This was the largest purchase by an insider in the last 3 months. This was Isaias Ariel's only on-market trade for the last 12 months.Board Change • Apr 27Less than half of directors are independentThere 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. 3 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Jose Victor Paterno was the last independent director to join the board, commencing their role in 2019. 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 15Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ₱0.58 (up from ₱2.15 loss in FY 2020). Revenue: ₱7.64b (up 6.9% from FY 2020). Net income: ₱450.1m (up ₱2.13b from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is forecast to stay flat compared to a 55% growth forecast for the restaurants industry in Philippines. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 01Price target decreased to ₱8.00Down from ₱9.75, the current price target is provided by 1 analyst. New target price is 29% above last closing price of ₱6.20. Stock is up 7.3% over the past year. The company is forecast to post earnings per share of ₱0.31 next year compared to a net loss per share of ₱2.15 last year.Price Target Changed • Nov 18Price target increased to ₱9.75Up from ₱9.11, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ₱6.83. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of ₱0.40 next year compared to a net loss per share of ₱2.15 last year.Reported Earnings • Nov 16Third quarter 2021 earnings released: ₱0.20 loss per share (vs ₱0.48 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₱1.70b (up 24% from 3Q 2020). Net loss: ₱157.3m (loss narrowed 58% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 25Price target increased to ₱8.42Up from ₱7.02, the current price target is an average from 2 analysts. New target price is 38% above last closing price of ₱6.08. Stock is up 28% over the past year.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ₱0.07 (vs ₱0.55 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱1.78b (up 67% from 2Q 2020). Net income: ₱54.7m (up ₱485.9m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15Full year 2020 earnings released: ₱2.15 loss per share (vs ₱0.92 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₱7.14b (down 50% from FY 2019). Net loss: ₱1.68b (down 332% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Mar 10New 90-day low: ₱5.20The company is down 37% from its price of ₱8.27 on 10 December 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱0.36 per share.お知らせ • Mar 06Max's Group, Inc. Announces Resignation of Czarina Sophia Miren E. Cueto as Assistant Compliance Officer, Effective 09 March 2021The Board of Directors of Max's Group, Inc. (MGI) has accepted the resignation of Ms. Czarina Sophia Miren E. Cueto from her position as MGI's Assistant Compliance Officer, effective 09 March 2021.お知らせ • Feb 05Max's Group, Inc., Annual General Meeting, May 12, 2021Max's Group, Inc., Annual General Meeting, May 12, 2021.お知らせ • Dec 18Max's Group, Inc. Accepts the Resignation of Rebecca R. Arago as Treasurer, Chief Compliance Officer and Corporate Information Officer, Effective from 18 December 2020The Board of Directors of Max's Group, Inc. (MGI) has accepted the resignation of Ms. Rebecca R. Arago from her positions as MGI's Treasurer, Chief Compliance Officer and Corporate Information Officer, effective 18 December 2020.Price Target Changed • Nov 18Price target raised to ₱7.33Up from ₱6.65, the current price target is an average from 2 analysts. The new target price is close to the current share price of ₱7.18. As of last close, the stock is down 43% over the past year.Reported Earnings • Nov 14Third quarter 2020 earnings released: ₱0.48 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ₱1.38b (down 59% from 3Q 2019). Net loss: ₱377.5m (down 395% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 05New 90-day high: ₱6.30The company is up 38% from its price of ₱4.55 on 07 August 2020. The Filipino market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱1.47 per share.Is New 90 Day High Low • Oct 20New 90-day high: ₱5.50The company is up 9.0% from its price of ₱5.05 on 22 July 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱2.41 per share.お知らせ • Sep 21Max's Group, Inc.(PSE:MAXS) dropped from S&P Global BMI IndexMax's Group, Inc.(PSE:MAXS) dropped from S&P Global BMI Index株主還元MAXSPH HospitalityPH 市場7D-2.1%-10.4%-0.06%1Y-7.3%-51.2%-11.3%株主還元を見る業界別リターン: MAXS過去 1 年間で-52.4 % の収益を上げたPH Hospitality業界を上回りました。リターン対市場: MAXS過去 1 年間で-10.7 % の収益を上げたPH市場を上回りました。価格変動Is MAXS's price volatile compared to industry and market?MAXS volatilityMAXS Average Weekly Movement8.1%Hospitality Industry Average Movement5.9%Market Average Movement5.2%10% most volatile stocks in PH Market10.1%10% least volatile stocks in PH Market2.9%安定した株価: MAXSの株価は、 PH市場と比較して過去 3 か月間で変動しています。時間の経過による変動: MAXSの weekly volatility ( 8% ) は過去 1 年間安定していますが、依然としてPHの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1945n/aRobert Ramon Trotawww.maxsgroupinc.comマックスグループ社は、その子会社とともに、フィリピン国内外においてレストラン、コーヒーショップ、リフレッシュメントパーラー、カクテルラウンジの設立、運営、維持、フランチャイズを行っている。同社はフードサービス、コミッサリー、サポートサービス部門を通じて事業を展開している。ケータリング事業も行っている。さらに、広告サポート、コミッサリー、フランチャイズ、経営コンサルタントサービスも提供し、ベーカリーも運営している。同社のブランドには、Max's Restaurant、Yellow Cab Pizza、Krispy Kreme、Pancake House、Teriyaki Boy、Dencio's、Sizzlin' Steak、Jamba Juice、Le Coeur de France、Max's Kabisera、Maple、Singkit、Max's Corner Bakery、Max's Group Kitchen、Max's All About Chicken、All About Chickenなどがある。同社は以前は株式会社パンケーキハウスとして知られていたが、2014年8月に株式会社マックスグループに社名を変更した。同社は1945年に設立され、フィリピンのマカティ市に本社を置いている。Max's Group, Inc.はPCD Nominee Corporation（フィリピン）の子会社として運営されている。もっと見るMax's Group, Inc. 基礎のまとめMax's Group の収益と売上を時価総額と比較するとどうか。MAXS 基礎統計学時価総額₱1.79b収益（TTM）₱364.52m売上高(TTM)₱11.97b4.9xPER（株価収益率0.1xP/SレシオMAXS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MAXS 損益計算書（TTM）収益₱11.97b売上原価₱8.29b売上総利益₱3.68bその他の費用₱3.31b収益₱364.52m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.47グロス・マージン30.73%純利益率3.05%有利子負債／自己資本比率67.6%MAXS の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.3%現在の配当利回り26%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/15 02:40終値2026/05/15 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Max's Group, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Joyce RamosCLSADenise JoaquinCOL Financial Group, IncCarissa MangubatDeutsche Bank
New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₱1.81b market cap, or US$29.4m).
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₱2.65, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 6x in the Hospitality industry in Philippines. Total loss to shareholders of 36% over the past three years.
Reported Earnings • Apr 03Full year 2025 earnings released: EPS: ₱0.47 (vs ₱0.54 in FY 2024)Full year 2025 results: EPS: ₱0.47 (down from ₱0.54 in FY 2024). Revenue: ₱12.0b (down 1.7% from FY 2024). Net income: ₱364.5m (down 13% from FY 2024). Profit margin: 3.0% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year.
Declared Dividend • Mar 21Dividend reduced to ₱0.12Dividend of ₱0.12 is 13% lower than last year. Ex-date: 8th April 2026 Payment date: 6th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 20Max's Group, Inc. announces Annual dividend, payable on May 06, 2026Max's Group, Inc. announced Annual dividend of PHP 0.1225 per share payable on May 06, 2026, ex-date on April 08, 2026 and record date on April 10, 2026.
お知らせ • Mar 13Max's Group, Inc., Annual General Meeting, May 12, 2026Max's Group, Inc., Annual General Meeting, May 12, 2026, at 09:00 W. Australia Standard Time.
New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₱1.81b market cap, or US$29.4m).
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₱2.65, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 6x in the Hospitality industry in Philippines. Total loss to shareholders of 36% over the past three years.
Reported Earnings • Apr 03Full year 2025 earnings released: EPS: ₱0.47 (vs ₱0.54 in FY 2024)Full year 2025 results: EPS: ₱0.47 (down from ₱0.54 in FY 2024). Revenue: ₱12.0b (down 1.7% from FY 2024). Net income: ₱364.5m (down 13% from FY 2024). Profit margin: 3.0% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year.
Declared Dividend • Mar 21Dividend reduced to ₱0.12Dividend of ₱0.12 is 13% lower than last year. Ex-date: 8th April 2026 Payment date: 6th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 20Max's Group, Inc. announces Annual dividend, payable on May 06, 2026Max's Group, Inc. announced Annual dividend of PHP 0.1225 per share payable on May 06, 2026, ex-date on April 08, 2026 and record date on April 10, 2026.
お知らせ • Mar 13Max's Group, Inc., Annual General Meeting, May 12, 2026Max's Group, Inc., Annual General Meeting, May 12, 2026, at 09:00 W. Australia Standard Time.
Buy Or Sell Opportunity • Dec 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to ₱2.29. The fair value is estimated to be ₱2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 19%.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱2.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 10x in the Hospitality industry in Philippines. Total loss to shareholders of 41% over the past three years.
Buy Or Sell Opportunity • Nov 17Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₱2.20. The fair value is estimated to be ₱2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 19%.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₱0.01 (vs ₱0.03 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.01 (down from ₱0.03 in 3Q 2024). Revenue: ₱2.72b (down 8.5% from 3Q 2024). Net income: ₱9.97m (down 55% from 3Q 2024). Profit margin: 0.4% (down from 0.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.
New Risk • Aug 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱2.53b market cap, or US$44.3m).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ₱0.13 (vs ₱0.12 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.13 (up from ₱0.12 in 2Q 2024). Revenue: ₱3.04b (flat on 2Q 2024). Net income: ₱101.0m (up 8.4% from 2Q 2024). Profit margin: 3.3% (up from 3.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ₱0.07 (vs ₱0.09 in 1Q 2024)First quarter 2025 results: EPS: ₱0.07 (down from ₱0.09 in 1Q 2024). Revenue: ₱2.81b (flat on 1Q 2024). Net income: ₱50.8m (down 28% from 1Q 2024). Profit margin: 1.8% (down from 2.5% in 1Q 2024). Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 30Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₱0.54 (down from ₱0.62 in FY 2023). Revenue: ₱12.2b (up 1.7% from FY 2023). Net income: ₱418.5m (down 14% from FY 2023). Profit margin: 3.4% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Hospitality industry in Philippines. 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 26% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 28Dividend reduced to ₱0.14Dividend of ₱0.14 is 17% lower than last year. Ex-date: 10th April 2025 Payment date: 9th May 2025 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 25Max's Group, Inc. Approves the Declaration of Special Cash Dividend, Payable on May 9, 2025At its special meeting held on 24 March 2025, Max's Group, Inc.'s Board of Directors approved the declaration of Special cash dividend of PHP 0.14082 per share to stockholders of record as at 11 April 2025, payable on May 9, 2025.
お知らせ • Mar 12+ 1 more updateMax's Group, Inc., Annual General Meeting, May 13, 2025Max's Group, Inc., Annual General Meeting, May 13, 2025, at 09:00 W. Australia Standard Time. Location: max`s scout tuazon, 21 scout tuazon street, brgy., laging handa, quezon Philippines
Price Target Changed • Jan 22Price target decreased by 63% to ₱3.20Down from ₱8.77, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₱2.41. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₱0.40 for next year compared to ₱0.62 last year.
お知らせ • Nov 22+ 1 more updateMax's Group, Inc. Announces Resignation of Roberto Joaquin P. Ramos as Chief Finance Officer, Effective 18 February 2025Max's Group, Inc. announced Mr. Roberto Joaquin P. Ramos tendered his resignation as Chief Finance Officer, effective 18 February 2025. During the meeting of the corporation's Board of Directors held on 21 November 2024, the members of the Board unanimously (i) accepted Mr. Ramos's resignation, and (ii) delegated to the Corporate Governance Committee the task of conducting the search for candidates who are qualified to fill the vacancy created by such resignation.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.03 (vs ₱0.09 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.03 (down from ₱0.09 in 3Q 2023). Revenue: ₱2.97b (up 2.3% from 3Q 2023). Net income: ₱21.9m (down 68% from 3Q 2023). Profit margin: 0.7% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
New Risk • Aug 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin). Significant insider selling over the past 3 months (₱12m sold). Market cap is less than US$100m (₱2.34b market cap, or US$41.0m).
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ₱0.12 (vs ₱0.22 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.12 (down from ₱0.22 in 2Q 2023). Revenue: ₱3.06b (up 2.0% from 2Q 2023). Net income: ₱93.2m (down 45% from 2Q 2023). Profit margin: 3.0% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • May 23Executive Director recently sold ₱12m worth of stockOn the 21st of May, William Rodgers sold around 4m shares on-market at roughly ₱3.25 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ₱0.06 (vs ₱0.099 in 1Q 2023)First quarter 2024 results: EPS: ₱0.06 (down from ₱0.099 in 1Q 2023). Revenue: ₱2.79b (down 2.1% from 1Q 2023). Net income: ₱44.0m (down 43% from 1Q 2023). Profit margin: 1.6% (down from 2.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
New Risk • Apr 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱2.65b market cap, or US$47.1m).
Reported Earnings • Apr 02Full year 2023 earnings released: EPS: ₱0.62 (vs ₱0.79 in FY 2022)Full year 2023 results: EPS: ₱0.62 (down from ₱0.79 in FY 2022). Revenue: ₱12.0b (up 8.9% from FY 2022). Net income: ₱485.8m (down 21% from FY 2022). Profit margin: 4.1% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 30Upcoming dividend of ₱0.17 per shareEligible shareholders must have bought the stock before 03 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (1.4%).
Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 5.2% to ₱3.43. The fair value is estimated to be ₱4.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.
Declared Dividend • Mar 15Dividend reduced to ₱0.17Dividend of ₱0.17 is 12% lower than last year. Ex-date: 3rd April 2024 Payment date: 30th April 2024 Dividend yield will be 4.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 67% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 5 years.
お知らせ • Mar 14+ 1 more updateMax's Group, Inc., Annual General Meeting, May 09, 2024Max's Group, Inc., Annual General Meeting, May 09, 2024, at 01:00 Coordinated Universal Time. Location: Max's Scout Tuazon, 21 Scout Tuazon St., Brgy. Laging Handa, Quezon City Philippines Agenda: To consider the appointment of Isla Lipana & Co./PWC Philippines as the external independent auditor for the year 2024.
お知らせ • Mar 13Max's Group, Inc. to Report Fiscal Year 2023 Results on Mar 13, 2024Max's Group, Inc. announced that they will report fiscal year 2023 results on Mar 13, 2024
Buying Opportunity • Jan 18Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be ₱4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.
Buying Opportunity • Nov 30Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be ₱4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Nov 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 6.4% 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: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (₱2.96b market cap, or US$53.1m).
New Risk • Oct 25New major risk - Revenue and earnings growthEarnings have declined by 8.1% 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 8.1% per year over the past 5 years. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱3.31b market cap, or US$58.2m).
お知らせ • Oct 13Max's Group, Inc. (PSE:MAXS) announces an Equity Buyback for PHP 200 million worth of its shares.Max's Group, Inc. (PSE:MAXS) announces a share repurchase program. Under the program, the company will repurchase up to PHP 200 million worth of its shares. The program is valid till August 14, 2024. As of October 12, 2023, the company had 1,036,414,624 shares outstanding.
Price Target Changed • Sep 19Price target increased by 12% to ₱9.80Up from ₱8.77, the current price target is provided by 1 analyst. New target price is 143% above last closing price of ₱4.04. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₱1.00 for next year compared to ₱0.79 last year.
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: ₱0.22 (vs ₱0.31 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.22 (down from ₱0.31 in 2Q 2022). Revenue: ₱3.00b (up 6.4% from 2Q 2022). Net income: ₱168.3m (down 30% from 2Q 2022). Profit margin: 5.6% (down from 8.5% in 2Q 2022). 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 14% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Jun 13Max's Group, Inc. Announces Executive ChangesMax's Group, Inc. announced that Mr. Isaias P. Fermin tendered his resignation as President and Director effective 31 August 2023 upon his decision to go into retirement. During the meeting of the corporation's Board of Directors held on 9 June 2023, the members of the Board unanimously (i) accepted Mr. Fermin's resignation, and (ii) approved the appointment of Mr. Robert Ramon F. Trota as President (to fill the vacancy created by Mr. Fermin's resignation) effective 31 August 2023. The Board seat currently held by Mr. Fermin will be left vacant following the effectivity of his resignation and until the remaining members of the Board elect a replacement.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: ₱0.10 (vs ₱0.053 in 1Q 2022)First quarter 2023 results: EPS: ₱0.10 (up from ₱0.053 in 1Q 2022). Revenue: ₱2.85b (up 32% from 1Q 2022). Net income: ₱77.1m (up 86% from 1Q 2022). Profit margin: 2.7% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • May 12Max's Group, Inc. Approves Board AppointmentsMax's Group, Inc. announced that at its ASM and Organizational Meeting held on 11 May2023, elected Sharon T. Fuentebella as director of the Corporation for the year 2023-2024. During the same organizational meeting, the following committees were constituted: Executive Committee: Sharon T. Fuentebella, Robert Ramon F. Trota, Antonio Jose U. Periquet, Cristina T. Garcia, Jim T. Fuentebella, Carolyn F. Trota. Audit Committee: Antonio Jose U. Periquet (Chairman), Cristina T. Garcia, Dave T. Fuentebella, Carolyn F. Trota (alternate). Corporate Governance Committee: Christopher P. Tanco (Chairman), Antonio Jose U. Periquet, Sharon T. Fuentebella, Robert Ramon F. Trota (alternate).
Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₱0.79 (up from ₱0.58 in FY 2021). Revenue: ₱11.0b (up 44% from FY 2021). Net income: ₱618.1m (up 37% from FY 2021). Profit margin: 5.6% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% 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 • Mar 20Upcoming dividend of ₱0.19 per shareEligible shareholders must have bought the stock before 27 March 2023. Payment date: 28 April 2023. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.6%.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Chris Tanco was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₱4.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 25x in the Hospitality industry in Asia. Total loss to shareholders of 64% over the past three years.
Price Target Changed • Aug 27Price target increased to ₱8.00Up from ₱7.00, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ₱5.61. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₱0.73 for next year compared to ₱0.58 last year.
Major Estimate Revision • Aug 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₱0.38 to ₱0.73. Revenue forecast unchanged at ₱9.58b. Net income forecast to grow 280% next year vs 30% growth forecast for Hospitality industry in Philippines. Consensus price target up from ₱7.00 to ₱8.00. Share price fell 3.4% to ₱5.61 over the past week.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₱5.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Hospitality industry in Asia. Total loss to shareholders of 58% over the past three years.
Major Estimate Revision • Aug 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₱7.69b to ₱9.58b. EPS estimate unchanged from ₱0.38 at last update. Hospitality industry in Philippines expected to see average net income growth of 23% next year. Consensus price target of ₱7.00 unchanged from last update. Share price rose 7.5% to ₱5.58 over the past week.
お知らせ • Aug 02Max's Group, Inc. Announces Changes to its BoardMax's Group, Inc. announced that Mr. Jose Victor P. Paterno tendered his resignation as Independent Director effective July 15, 2022 is due to personal reasons. During the meeting of the board of directors on July 29, 2022, pursuant to Section 6 of Article III of the company's By-laws, the remaining members of the board of directors, constituting a quorum, elected Mr. Christopher P. Tanco as an Independent Director of the company effective July 29, 2022. Mr. Tanco is also elected as Chairman of the Corporate Governance Committee to replace Mr. Paterno. Mr. Tanco has been pre-screened by the company's Corporate Governance Committee. He has previously served as Independent Director of the Company for the period 2014-2018. Mr. Tanco also serves as Independent Director of Planet Fitness since February 2021; Advisor\Board of Director of Urban Air Adventure Parks since April 2018, Board of Director of 7 - Eleven International since January 2020 and Board of Director of 7 - Eleven Mexico since April 2022. He is also Founder and CEO of Tanco Advisory Group LLC since May 2022.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₱4.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 23x in the Hospitality industry in Asia. Total loss to shareholders of 67% over the past three years.
Recent Insider Transactions • May 26President & Executive Director recently bought ₱80k worth of stockOn the 19th of May, Isaias Ariel Fermin bought around 14k shares on-market at roughly ₱5.64 per share. In the last 3 months, they made an even bigger purchase worth ₱2.5m. Isaias Ariel has been a buyer over the last 12 months, purchasing a net total of ₱2.6m worth in shares.
Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ₱0.05 (down from ₱0.43 in 1Q 2021). Revenue: ₱2.17b (up 18% from 1Q 2021). Net income: ₱41.5m (down 88% from 1Q 2021). Profit margin: 1.9% (down from 18% in 1Q 2021). Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is forecast to stay flat compared to a 44% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Apr 29President & Executive Director recently bought ₱2.5m worth of stockOn the 25th of April, Isaias Ariel Fermin bought around 394k shares on-market at roughly ₱6.29 per share. This was the largest purchase by an insider in the last 3 months. This was Isaias Ariel's only on-market trade for the last 12 months.
Board Change • Apr 27Less than half of directors are independentThere 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. 3 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Jose Victor Paterno was the last independent director to join the board, commencing their role in 2019. 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 15Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ₱0.58 (up from ₱2.15 loss in FY 2020). Revenue: ₱7.64b (up 6.9% from FY 2020). Net income: ₱450.1m (up ₱2.13b from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is forecast to stay flat compared to a 55% growth forecast for the restaurants industry in Philippines. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 01Price target decreased to ₱8.00Down from ₱9.75, the current price target is provided by 1 analyst. New target price is 29% above last closing price of ₱6.20. Stock is up 7.3% over the past year. The company is forecast to post earnings per share of ₱0.31 next year compared to a net loss per share of ₱2.15 last year.
Price Target Changed • Nov 18Price target increased to ₱9.75Up from ₱9.11, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ₱6.83. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of ₱0.40 next year compared to a net loss per share of ₱2.15 last year.
Reported Earnings • Nov 16Third quarter 2021 earnings released: ₱0.20 loss per share (vs ₱0.48 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₱1.70b (up 24% from 3Q 2020). Net loss: ₱157.3m (loss narrowed 58% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 25Price target increased to ₱8.42Up from ₱7.02, the current price target is an average from 2 analysts. New target price is 38% above last closing price of ₱6.08. Stock is up 28% over the past year.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ₱0.07 (vs ₱0.55 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱1.78b (up 67% from 2Q 2020). Net income: ₱54.7m (up ₱485.9m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15Full year 2020 earnings released: ₱2.15 loss per share (vs ₱0.92 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₱7.14b (down 50% from FY 2019). Net loss: ₱1.68b (down 332% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Mar 10New 90-day low: ₱5.20The company is down 37% from its price of ₱8.27 on 10 December 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱0.36 per share.
お知らせ • Mar 06Max's Group, Inc. Announces Resignation of Czarina Sophia Miren E. Cueto as Assistant Compliance Officer, Effective 09 March 2021The Board of Directors of Max's Group, Inc. (MGI) has accepted the resignation of Ms. Czarina Sophia Miren E. Cueto from her position as MGI's Assistant Compliance Officer, effective 09 March 2021.
お知らせ • Feb 05Max's Group, Inc., Annual General Meeting, May 12, 2021Max's Group, Inc., Annual General Meeting, May 12, 2021.
お知らせ • Dec 18Max's Group, Inc. Accepts the Resignation of Rebecca R. Arago as Treasurer, Chief Compliance Officer and Corporate Information Officer, Effective from 18 December 2020The Board of Directors of Max's Group, Inc. (MGI) has accepted the resignation of Ms. Rebecca R. Arago from her positions as MGI's Treasurer, Chief Compliance Officer and Corporate Information Officer, effective 18 December 2020.
Price Target Changed • Nov 18Price target raised to ₱7.33Up from ₱6.65, the current price target is an average from 2 analysts. The new target price is close to the current share price of ₱7.18. As of last close, the stock is down 43% over the past year.
Reported Earnings • Nov 14Third quarter 2020 earnings released: ₱0.48 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ₱1.38b (down 59% from 3Q 2019). Net loss: ₱377.5m (down 395% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 05New 90-day high: ₱6.30The company is up 38% from its price of ₱4.55 on 07 August 2020. The Filipino market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱1.47 per share.
Is New 90 Day High Low • Oct 20New 90-day high: ₱5.50The company is up 9.0% from its price of ₱5.05 on 22 July 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱2.41 per share.
お知らせ • Sep 21Max's Group, Inc.(PSE:MAXS) dropped from S&P Global BMI IndexMax's Group, Inc.(PSE:MAXS) dropped from S&P Global BMI Index
