View ValuationPhilippine Stock Exchange 将来の成長Future 基準チェック /06現在、 Philippine Stock Exchangeの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Capital Markets 収益成長10.6%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesDeclared Dividend • Apr 25Dividend reduced to ₱5.50Dividend of ₱5.50 is 45% lower than last year. Ex-date: 7th May 2026 Payment date: 15th May 2026 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 19Full year 2025 earnings released: EPS: ₱14.11 (vs ₱14.75 in FY 2024)Full year 2025 results: EPS: ₱14.11 (down from ₱14.75 in FY 2024). Revenue: ₱2.84b (up 103% from FY 2024). Net income: ₱1.16b (down 4.3% from FY 2024). Profit margin: 41% (down from 86% in FY 2024). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Mar 26Insider recently bought ₱133m worth of stockOn the 18th of March, Mark Frederick Visda bought around 810k shares on-market at roughly ₱165 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.New Risk • Feb 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 41% Last year net profit margin: 86% 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. This is currently the only risk that has been identified for the company.New Risk • Feb 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 41% Last year net profit margin: 86% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 26Full year 2025 earnings released: EPS: ₱14.12 (vs ₱14.75 in FY 2024)Full year 2025 results: EPS: ₱14.12 (down from ₱14.75 in FY 2024). Revenue: ₱2.84b (up 103% from FY 2024). Net income: ₱1.16b (down 4.3% from FY 2024). Profit margin: 41% (down from 86% in FY 2024). The decrease in margin was driven by higher expenses. 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.お知らせ • Feb 25The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 04, 2026The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 04, 2026, at 09:00 W. Australia Standard Time.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ₱2.66 (vs ₱2.96 in 3Q 2024)Third quarter 2025 results: EPS: ₱2.66 (down from ₱2.96 in 3Q 2024). Revenue: ₱692.1m (up 116% from 3Q 2024). Net income: ₱217.9m (down 10% from 3Q 2024). Profit margin: 32% (down from 76% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ₱2.97 (vs ₱1.90 in 2Q 2024)Second quarter 2025 results: EPS: ₱2.97 (up from ₱1.90 in 2Q 2024). Revenue: ₱667.9m (up 81% from 2Q 2024). Net income: ₱243.7m (up 56% from 2Q 2024). Profit margin: 37% (down from 42% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • May 16+ 2 more updatesThe Philippine Stock Exchange, Inc. (PSE:PSE) completed the acquisition of additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd.The Philippine Stock Exchange, Inc. (PSE:PSE) entered into a Share Purchase Agreement to acquire additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. for PHP 300 million on April 14, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. for 500,000 shares. SyCip, Gorres, Velayo & Co. acted as accountant for Philippine Dealing System Holdings Corp. The Philippine Stock Exchange, Inc. (PSE:PSE) completed the acquisition of additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. on May 16, 2025.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ₱2.70 (vs ₱2.97 in 1Q 2024)First quarter 2025 results: EPS: ₱2.70 (down from ₱2.97 in 1Q 2024). Revenue: ₱645.5m (up 83% from 1Q 2024). Net income: ₱221.5m (down 8.8% from 1Q 2024). Profit margin: 34% (down from 69% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 06Upcoming dividend of ₱10.00 per shareEligible shareholders must have bought the stock before 13 May 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Filipino dividend payers (6.5%). Higher than average of industry peers (2.6%).お知らせ • Apr 30The Philippine Stock Exchange, Inc. announces Annual dividend, payable on May 27, 2025The Philippine Stock Exchange, Inc. announced Annual dividend of PHP 4.3600 per share payable on May 27, 2025, ex-date on May 13, 2025 and record date on May 14, 2025.お知らせ • Apr 16The Philippine Stock Exchange, Inc. (PSE:PSE) entered into a Share Purchase Agreement to acquire additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. for PHP 300 million.The Philippine Stock Exchange, Inc. (PSE:PSE) entered into a Share Purchase Agreement to acquire additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. for PHP 300 million on April 14, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. for 500,000 shares. SyCip, Gorres, Velayo & Co. acted as accountant for Philippine Dealing System Holdings Corp.お知らせ • Apr 15The Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 3.10% stake in Philippine Dealing System Holdings Corp. from Citicorp Capital Philippines, Inc. for PHP 120 millionThe Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 3.10% stake in Philippine Dealing System Holdings Corp. from Citicorp Capital Philippines, Inc. for PHP 120 million on April 11, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. As part of consideration, an undisclosed value is paid towards common equity of Philippine Dealing System Holdings Corp. The Philippine Stock Exchange, Inc. (PSE:PSE) completed the acquisition of 3.10% stake in Philippine Dealing System Holdings Corp. from Citicorp Capital Philippines, Inc. on April 11, 2025.お知らせ • Mar 21The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 12, 2025The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 12, 2025, at 09:00 W. Australia Standard Time.Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ₱14.75 (vs ₱9.47 in FY 2023)Full year 2024 results: EPS: ₱14.75 (up from ₱9.47 in FY 2023). Revenue: ₱1.40b (flat on FY 2023). Net income: ₱1.21b (up 56% from FY 2023). Profit margin: 86% (up from 55% in FY 2023). 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.お知らせ • Jan 30The Philippine Stock Exchange, Inc. (PSE:PSE), BAP Data Exchange, Inc. and others agreed to acquire 18.62% stake in Philippine Dealing System Holdings Corp. from Bankers Association Of The Philippines for approximately PHP 700 million.The Philippine Stock Exchange, Inc. (PSE:PSE), BAP Data Exchange, Inc. and others agreed to acquire 18.62% stake in Philippine Dealing System Holdings Corp. from Bankers Association Of The Philippines for approximately PHP 700 million on January 28, 2025. A cash consideration of PHP 698.07 million valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. and BAP Data Exchange, Inc. As part of consideration, PHP 698.07 million is paid towards common equity of Philippine Dealing System Holdings Corp.お知らせ • Jan 20The Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 4% stake in Philippine Dealing System Holdings Corp. from AIA Philippines Life and General Insurance Company Inc. for PHP 150 million.The Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 4% stake in Philippine Dealing System Holdings Corp. from AIA Philippines Life and General Insurance Company Inc. for PHP 150 million on January 17, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc.お知らせ • Jan 07The Philippine Stock Exchange, Inc. Announces Retirement of Roberto Jose R. Jimenez, Head of Finance DivisionThe Philippine Stock Exchange, Inc. announced that Mr. Roberto Jose R. Jimenez, Assistant Vice President & Head of Finance Division, retired from the Company effective 1 January 2025.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱2.96 (vs ₱1.93 in 3Q 2023)Third quarter 2024 results: EPS: ₱2.96 (up from ₱1.93 in 3Q 2023). Revenue: ₱320.6m (down 11% from 3Q 2023). Net income: ₱242.2m (up 53% from 3Q 2023). Profit margin: 76% (up from 44% in 3Q 2023). 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 7% per year.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₱1.90 (vs ₱2.63 in 2Q 2023)Second quarter 2024 results: EPS: ₱1.90 (down from ₱2.63 in 2Q 2023). Revenue: ₱369.4m (up 3.2% from 2Q 2023). Net income: ₱155.7m (down 28% from 2Q 2023). Profit margin: 42% (down from 60% in 2Q 2023). The decrease in margin was driven by higher 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.お知らせ • Jul 08the Philippine Stock Exchange, Inc. Announces Committee ChangesThe Philippine Stock Exchange, Inc. at its Organizational Meeting held on 6 July 2024, the Board of Directors of the Company appointed the following as chairman and members of the Company's Committees for the year 2024 to 2025. Audit and Related Party Transactions Committee consists of: Andrew Jerome T. Gan- Chairman, Independent Director; Vicente L. Panlilio- Member, Independent Director; Peter B. Favila- Member, Independent Director; Ferdinand K. Constantino- Member; Marilyn A. Victorio-Aquino - Member, Risk Management Committee consists of: Peter B. Favila- Chairman, Independent Director; Eddie T. Gobing- Member; Vicente L. Panlilio- Member, Independent Director; Andrew Jerome T. Gan- Member, Independent Director; Jose Arnulfo A. Veloso - Member, Corporate Governance Committee consists of: Jose T. Pardo- Chairman, Independent Director; Teresita Leonardo-de Castro- Member, Independent Director; Ferdinand K. Constantino- Member; Vicente L. Panlilio- Member, Independent Director; Ma. Vivian Yuchengco - Member, Nomination and Election Committee consists of: Teresita Leonardo-de Castro- Chairman, Independent Director; Jose T. Pardo Member, Independent Director, Vicente L. Panlilio- Member, Independent Director; Peter B. Favila- Member, Independent Director; Andrew Jerome T. Gan- Member, Independent Director, Aissa V. Encarnacion- Resource Person; Veronica Vicedo-Del Rosario - Resource Person, Investments Committee consists of: Wilson L. Sy- Chairman; Diosdado M. Arroyo - Member; Edgardo G. Lacson - Member; Jose Arnulfo A. Veloso - Member; Andrew Jerome T. Gan- Member, Independent Director; Omelita J. Tiangco- Resource Person, Capital Markets Development Committee consists of: Ramon S. Monzon - Chairman; Wilson L. Sy- Member; Andrew Jerome T. Gan - Member, Independent Director; Ma. Vivian Yuchengco - Member;Diosdado M. Arroyo- Member; Anthony M. Te- Member; Jose Arnulfo A. Veloso - Member, Membership Committee consists of: Ma. Vivian Yuchengco - Chairman; Wilson L. Sy- Member; Eddie T. Gobing- Member; Ramon S. Monzon - Member; Jose Arnulfo A. Veloso - Member.New Risk • May 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 126% High level of non-cash earnings (24% accrual ratio).お知らせ • Apr 25PSE Eyeing to Finalize Takeover of PDS This YearThe Philippine Stock Exchange, Inc. (PSE:PSE) (PSE) said it is hoping to finalize the planned takeover of the Philippine Dealing System Holdings Corp. (PDS) within the year. “I hope it could be closed by this year. This is not complicated. We will only talk to a few shareholders,” PSE President and Chief Executive Officer Ramon S. Monzon told reporters during a GCash media event last week. The PSE is eyeing to acquire up to 100% of the PDS, the operator of the Philippine Dealing & Exchange Corp. (PDEx) that caters to the fixed- income market. However, Mr. Monzon said that negotiations have not started because the power of attorney of the Bankers Association of the Philippines (BAP) has expired. “The BAP is currently renewing that with the banks. Until that happens, I don’t want to talk to 24 different sectors. So we’re waiting for that. Everybody is doing their due diligence work now,” he said. The PSE has a 20.98% stake of the issued and outstanding capital stock of the PDS Group. Some of the other PDS shareholders include Singapore Exchange Ltd. (20% share), Whistler Technologies Services Inc. (8% share), Tata Consultancy Services Asia (8%), San Miguel Corp. (4%), Financial Executives Institute of the Philippines Research and Development Foundation (3.08%), and Social Security System (1.54%). Meanwhile, Mr. Monzon said the PSE could secure a loan for the planned acquisition. “We have some funds for that. I think we’ll have to probably take out a loan, depending on what the final price is,” he said. In December last year, the Securities and Exchange Commission (SEC) granted the application of the PSE for exemptive relief, allowing it to exceed the mandatory ownership in PDS. This means that the PSE is now allowed to exceed the mandatory limit of 20% on ownership and voting rights in an exchange, permitting it to own up to 100% of PDS, subject still to certain conditions.お知らせ • Apr 04The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 06, 2024The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 06, 2024, at 09:00 Singapore Standard Time.Upcoming Dividend • Feb 29Upcoming dividend of ₱10.00 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (2.3%).お知らせ • Feb 22+ 1 more updateThe Philippine Stock Exchange, Inc Declares Special Cash Dividend, Payable Not Later Than 5 April 2024The Board of Directors of the The Philippine Stock Exchange, Inc., in its regular meeting held on Feb. 21, 2024, declared special cash dividend of PHP 4.35 to stockholders of record as of 8 March 2024 payable not later than 5 April 2024. The ex-date is 7 March 2024.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₱2.63 (vs ₱2.09 in 2Q 2022)Second quarter 2023 results: EPS: ₱2.63 (up from ₱2.09 in 2Q 2022). Revenue: ₱357.8m (down 22% from 2Q 2022). Net income: ₱215.1m (up 26% from 2Q 2022). Profit margin: 60% (up from 37% in 2Q 2022). The increase in margin was driven by lower expenses. 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.お知らせ • Jun 09The Philippine Stock Exchange, Inc. Announces Resignation of Gilberto C. Teodoro, Jr. as Independent DirectorThe Philippine Stock Exchange, Inc. announced Mr. Gilberto C. Teodoro, Jr. tendered his resignation as independent director of the company effective immediately. Mr. Teodoro has been an independent director of the company since 2021. Mr. Teodoro was recently appointed Secretary of the Department of National Defense. Effective date of resignation is June 7, 2023.Reported Earnings • May 16First quarter 2023 earnings released: EPS: ₱2.50 (vs ₱2.51 in 1Q 2022)First quarter 2023 results: EPS: ₱2.50 (down from ₱2.51 in 1Q 2022). Revenue: ₱382.3m (down 2.2% from 1Q 2022). Net income: ₱203.8m (flat on 1Q 2022). Profit margin: 53% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • May 04The Philippine Stock Exchange, Inc., Annual General Meeting, Aug 05, 2023The Philippine Stock Exchange, Inc., Annual General Meeting, Aug 05, 2023, at 09:00 Singapore Standard Time.Reported Earnings • Mar 24Full year 2022 earnings released: EPS: ₱9.12 (vs ₱11.33 in FY 2021)Full year 2022 results: EPS: ₱9.12 (down from ₱11.33 in FY 2021). Revenue: ₱1.54b (down 6.6% from FY 2021). Net income: ₱744.2m (down 19% from FY 2021). Profit margin: 48% (down from 56% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Feb 10Senior VP & COO recently bought ₱2.4m worth of stockOn the 7th of February, Roel Refran bought around 18k shares on-market at roughly ₱134 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Roel's only on-market trade for the last 12 months.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₱1.31 (vs ₱2.01 in 3Q 2021)Third quarter 2022 results: EPS: ₱1.31 (down from ₱2.01 in 3Q 2021). Revenue: ₱355.7m (down 1.5% from 3Q 2021). Net income: ₱107.0m (down 35% from 3Q 2021). Profit margin: 30% (down from 45% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Aug 15The Philippine Stock Exchange, Inc Announces Board ElectionsThe Philippine Stock Exchange, Inc. at its AGM held on August 13, 2022 approved appointment of Anthony M. Te as Broker Director, Vicente L. Panlilio Member, Independent Director, Edgardo G. Lacson Member, William L. Ang Member, Aissa V. Encarnacion Resource Person and Veronica Vicedo-Del Rosario Resource Person of Nomination and Election Committee, Jose Arnulfo A. Veloso Member of Risk Management Committee, Ferdinand K. Constantino – Member of Corporate Governance Committee, Jose Arnulfo A. Veloso Member and Omelita J. Tiangco Resource Person of Investments Committee. Audit and Related Party Transaction Committee: 1. Vicente L. Panlilio Chairman, Independent Dire 2. Ferdinand K. Constantino Vice Chairman 3. Consuelo D. Garcia Member, Independent Direc 4. Gilberto C. Teodoro, Jr. - Member, Independent D 5. Anabelle L. Chua Member Corporate Governance Committee: 1. Jose T. Pardo Chairman, Independent Director 2. Vicente L. Panlilio Member, Independent Direct 3. Teresita Leonardo-de Castro - Member, Independ 4. Ferdinand K. Constantino - Member 5. Ma. Vivian Yuchengco - Member Nomination and Election Committee: 1. Teresita Leonardo-de Castro Chairman, Indepen 2. Jose T. Pardo Member, Independent Director 3. Vicente L. Panlilio Member, Independent Direct 4. Edgardo G. Lacson Member 5. William L. Ang Member 6. Aissa V. Encarnacion Resource Person 7. Veronica Vicedo-Del Rosario Resource Person Risk Management Committee: 1. Consuelo D. Garcia Chairman, Independent Dir 2. Eddie T. Gobing Vice Chairman 3. Vicente L. Panlilio Member, Independent Direct 4. Gilberto C. Teodoro, Jr. - Member, Independent D 5. Jose Arnulfo A. Veloso Member Investments Committee: 1. Wilson L. Sy Chairman 2. Jose Arnulfo A. Veloso Member 3. Diosdado M. Arroyo Member 4. Tomas I. Alcantara - Member 5. Ferdinand K. Constantino Member 6. Omelita J. Tiangco Resource Person Capital Markets Development Committee: 1. Ramon S. Monzon Chairman 2. Consuelo D. Garcia Member, Independent Director 3. Ma. Vivian Yuchengco Member 4. Anabelle L. Chua - Member 5. Wilson L. Sy Member 6. Diosdado M. Arroyo Member 7. Anthony M. Te - Member Membership Committee: 1. Ma. Vivian Yuchengco Chairman 2. Ramon S. Monzon Member 3. Jose Arnulfo A. Veloso Member 4. Wilson L. Sy - Member 5. Eddie T. Gobing Member.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ₱2.09 (vs ₱2.78 in 2Q 2021)Second quarter 2022 results: EPS: ₱2.09 (down from ₱2.78 in 2Q 2021). Revenue: ₱458.5m (up 30% from 2Q 2021). Net income: ₱170.5m (down 25% from 2Q 2021). Profit margin: 37% (down from 64% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% 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 • Aug 03The Philippine Stock Exchange Ordinary Shares to Be Deleted from OTC EquityThe Philippine Stock Exchange, Inc. Ordinary Shares (Philippines) will be deleted from OTC Equity effective from August 03, 2022, due to Inactive Security.お知らせ • Jul 15The Philippine Stock Exchange, Inc. has filed an IPO in the amount of PHP 1.8944 billion.The Philippine Stock Exchange, Inc. has filed an IPO in the amount of PHP 1.8944 billion. Security Name: Primary Shares Security Type: Common Stock Securities Offered: 1,280,000,000 Price\Range: PHP 1.48Reported Earnings • Apr 29Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ₱11.33 (up from ₱8.08 in FY 2020). Revenue: ₱1.65b (up 25% from FY 2020). Net income: ₱923.1m (up 40% from FY 2020). Profit margin: 56% (up from 50% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.Upcoming Dividend • Feb 25Upcoming dividend of ₱11.00 per shareEligible shareholders must have bought the stock before 04 March 2022. Payment date: 04 April 2022. Payout ratio is a comfortable 37% and the cash payout ratio is 78%. Trailing yield: 1.7%. Lower than top quartile of Filipino dividend payers (4.0%). Lower than average of industry peers (2.6%).お知らせ • Feb 17+ 1 more updateThe Philippine Stock Exchange, Inc. Declares Special Cash Dividend Payable on 4 April 2022The Board of Directors of the The Philippine Stock Exchange, Inc., in its regular meeting held on February 16, 2022, declared cash dividend equivalent to a total of PHP 11.00 per share broken down as follows: PHP 4.00 regular cash dividend and PHP 7.00 special cash dividend to stockholders of record as of 9 March 2022 payable on 4 April 2022. The ex-date is 4 March 2022.Recent Insider Transactions • Jan 26President recently bought ₱4.8m worth of stockOn the 21st of January, Ramon Monzon bought around 28k shares on-market at roughly ₱171 per share. This was the largest purchase by an insider in the last 3 months. This was Ramon's only on-market trade for the last 12 months.Reported Earnings • Nov 21Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₱361.0m (up 13% from 3Q 2020). Net income: ₱163.9m (up 12% from 3Q 2020). Profit margin: 45% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS ₱2.79 (vs ₱2.23 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱352.1m (up 31% from 2Q 2020). Net income: ₱227.6m (up 25% from 2Q 2020). Profit margin: 65% (down from 67% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.Executive Departure • Jul 06Director Francis Chua has left the companyOn the 2nd of July, Francis Chua's tenure as Director ended. As of March 2021, Francis still personally held only 4.00 shares (₱675 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years.Executive Departure • Jul 06Director Alejandro Yu has left the companyOn the 2nd of July, Alejandro Yu's tenure as Director ended. As of March 2021, Alejandro still personally held only 4.00 shares (₱675 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years.Executive Departure • Jul 06Director Emmanuel Bautista has left the companyOn the 2nd of July, Emmanuel Bautista's tenure as Director ended after 10.2 years in the role. As of March 2021, Emmanuel still personally held only 2.00 shares (₱337 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₱207, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 15x in the Capital Markets industry in Asia. Total returns to shareholders of 11% over the past three years.Reported Earnings • May 24First quarter 2021 earnings released: EPS ₱1.87 (vs ₱0.63 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱387.5m (up 32% from 1Q 2020). Net income: ₱152.3m (up 198% from 1Q 2020). Profit margin: 39% (up from 17% in 1Q 2020). The increase in margin was primarily driven by higher revenue. 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 8% per year.Reported Earnings • Mar 30Full year 2020 earnings released: EPS ₱8.08 (vs ₱8.33 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₱1.31b (up 1.8% from FY 2019). Net income: ₱659.8m (down 3.1% from FY 2019). Profit margin: 50% (down from 53% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year.お知らせ • Feb 28The Philippine Stock Exchange, Inc. Elects Jose T. Pardo as Independent Director for Another Two YearsThe board of directors of The Philippine Stock Exchange, Inc. approved the eligibility of Mr. Jose T. Pardo to be elected as independent director for another two years.Is New 90 Day High Low • Feb 20New 90-day low: ₱150The company is down 7.0% from its price of ₱160 on 20 November 2020. The Filipino market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 21% over the same period.Is New 90 Day High Low • Jan 27New 90-day low: ₱152The company is down 9.0% from its price of ₱167 on 30 October 2020. The Filipino market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 30% over the same period.Is New 90 Day High Low • Jan 04New 90-day low: ₱154The company is down 2.0% from its price of ₱157 on 07 October 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 24% over the same period.Is New 90 Day High Low • Dec 15New 90-day low: ₱155The company is down 2.0% from its price of ₱158 on 16 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 24% over the same period.Recent Insider Transactions • Dec 02President recently bought ₱4.6m worth of stockOn the 26th of November, Ramon Monzon bought around 36k shares on-market at roughly ₱128 per share. This was the largest purchase by an insider in the last 3 months. Ramon has been a buyer over the last 12 months, purchasing a net total of ₱8.6m worth in shares.Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS ₱1.79The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ₱319.7m (up 5.2% from 3Q 2019). Net income: ₱145.9m (up 1.8% from 3Q 2019). Profit margin: 46% (down from 47% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Philippine Stock Exchange は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測PSE:PSE - アナリストの将来予測と過去の財務データ ( )PHP Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20262,9621,3071,3141,538N/A12/31/20252,8431,1561,2091,448N/A9/30/20252,3601,250N/AN/AN/A6/30/20251,9891,274N/AN/AN/A3/31/20251,6901,186N/AN/AN/A12/31/20241,3981,207637791N/A9/30/20241,344838531621N/A6/30/20241,384754534638N/A3/31/20241,372813650750N/A12/31/20231,401774737842N/A9/30/20231,433839858950N/A6/30/20231,428788849932N/A3/31/20231,529743-169-121N/A12/31/20221,537744746791N/A9/30/20221,7498621,0191,043N/A6/30/20221,7549201,1081,126N/A3/31/20221,6509762,0252,052N/A12/31/20211,6479231,2471,287N/A9/30/20211,527824841951N/A6/30/20211,490806888989N/A3/31/20211,405761736830N/A12/31/20201,314660464557N/A9/30/20201,271567463511N/A6/30/20201,252565484548N/A3/31/20201,292557666747N/A12/31/20191,291681N/A723N/A9/30/20191,510848N/A1,020N/A6/30/20191,502822N/A746N/A3/31/20191,594808N/A895N/A12/31/20181,596727N/A910N/A9/30/20181,267504N/A706N/A6/30/20181,263737N/A482N/A3/31/20181,212766N/A505N/A12/31/20171,226828N/A444N/A9/30/20171,341911N/A544N/A6/30/20171,364674N/A809N/A3/31/20171,313692N/A805N/A12/31/20161,263702N/A725N/A9/30/20161,145717N/A271N/A6/30/20161,123689N/A646N/A3/31/20161,156656N/A455N/A12/31/20151,214683N/A588N/A9/30/20151,271599N/A1,026N/A6/30/20151,262664N/A503N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: PSEの予測収益成長が 貯蓄率 ( 6% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: PSEの収益がPH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: PSEの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: PSEの収益がPH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: PSEの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: PSEの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YDiversified-financials 業界の高成長企業。View Past Performance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2026/05/22 13:37終値2026/05/22 00:00収益2026/03/31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The Philippine Stock Exchange, 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。2 アナリスト機関null nullDBS Bank LtdHarsh Wardhan ModiJ.P. Morgan
Declared Dividend • Apr 25Dividend reduced to ₱5.50Dividend of ₱5.50 is 45% lower than last year. Ex-date: 7th May 2026 Payment date: 15th May 2026 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 19Full year 2025 earnings released: EPS: ₱14.11 (vs ₱14.75 in FY 2024)Full year 2025 results: EPS: ₱14.11 (down from ₱14.75 in FY 2024). Revenue: ₱2.84b (up 103% from FY 2024). Net income: ₱1.16b (down 4.3% from FY 2024). Profit margin: 41% (down from 86% in FY 2024). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Mar 26Insider recently bought ₱133m worth of stockOn the 18th of March, Mark Frederick Visda bought around 810k shares on-market at roughly ₱165 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
New Risk • Feb 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 41% Last year net profit margin: 86% 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. This is currently the only risk that has been identified for the company.
New Risk • Feb 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 41% Last year net profit margin: 86% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: ₱14.12 (vs ₱14.75 in FY 2024)Full year 2025 results: EPS: ₱14.12 (down from ₱14.75 in FY 2024). Revenue: ₱2.84b (up 103% from FY 2024). Net income: ₱1.16b (down 4.3% from FY 2024). Profit margin: 41% (down from 86% in FY 2024). The decrease in margin was driven by higher expenses. 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.
お知らせ • Feb 25The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 04, 2026The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 04, 2026, at 09:00 W. Australia Standard Time.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ₱2.66 (vs ₱2.96 in 3Q 2024)Third quarter 2025 results: EPS: ₱2.66 (down from ₱2.96 in 3Q 2024). Revenue: ₱692.1m (up 116% from 3Q 2024). Net income: ₱217.9m (down 10% from 3Q 2024). Profit margin: 32% (down from 76% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ₱2.97 (vs ₱1.90 in 2Q 2024)Second quarter 2025 results: EPS: ₱2.97 (up from ₱1.90 in 2Q 2024). Revenue: ₱667.9m (up 81% from 2Q 2024). Net income: ₱243.7m (up 56% from 2Q 2024). Profit margin: 37% (down from 42% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16+ 2 more updatesThe Philippine Stock Exchange, Inc. (PSE:PSE) completed the acquisition of additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd.The Philippine Stock Exchange, Inc. (PSE:PSE) entered into a Share Purchase Agreement to acquire additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. for PHP 300 million on April 14, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. for 500,000 shares. SyCip, Gorres, Velayo & Co. acted as accountant for Philippine Dealing System Holdings Corp. The Philippine Stock Exchange, Inc. (PSE:PSE) completed the acquisition of additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. on May 16, 2025.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ₱2.70 (vs ₱2.97 in 1Q 2024)First quarter 2025 results: EPS: ₱2.70 (down from ₱2.97 in 1Q 2024). Revenue: ₱645.5m (up 83% from 1Q 2024). Net income: ₱221.5m (down 8.8% from 1Q 2024). Profit margin: 34% (down from 69% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 06Upcoming dividend of ₱10.00 per shareEligible shareholders must have bought the stock before 13 May 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Filipino dividend payers (6.5%). Higher than average of industry peers (2.6%).
お知らせ • Apr 30The Philippine Stock Exchange, Inc. announces Annual dividend, payable on May 27, 2025The Philippine Stock Exchange, Inc. announced Annual dividend of PHP 4.3600 per share payable on May 27, 2025, ex-date on May 13, 2025 and record date on May 14, 2025.
お知らせ • Apr 16The Philippine Stock Exchange, Inc. (PSE:PSE) entered into a Share Purchase Agreement to acquire additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. for PHP 300 million.The Philippine Stock Exchange, Inc. (PSE:PSE) entered into a Share Purchase Agreement to acquire additional 8% stake in Philippine Dealing System Holdings Corp. from Tata Consultancy Services Asia Pacific Pte Ltd. for PHP 300 million on April 14, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. for 500,000 shares. SyCip, Gorres, Velayo & Co. acted as accountant for Philippine Dealing System Holdings Corp.
お知らせ • Apr 15The Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 3.10% stake in Philippine Dealing System Holdings Corp. from Citicorp Capital Philippines, Inc. for PHP 120 millionThe Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 3.10% stake in Philippine Dealing System Holdings Corp. from Citicorp Capital Philippines, Inc. for PHP 120 million on April 11, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. As part of consideration, an undisclosed value is paid towards common equity of Philippine Dealing System Holdings Corp. The Philippine Stock Exchange, Inc. (PSE:PSE) completed the acquisition of 3.10% stake in Philippine Dealing System Holdings Corp. from Citicorp Capital Philippines, Inc. on April 11, 2025.
お知らせ • Mar 21The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 12, 2025The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 12, 2025, at 09:00 W. Australia Standard Time.
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ₱14.75 (vs ₱9.47 in FY 2023)Full year 2024 results: EPS: ₱14.75 (up from ₱9.47 in FY 2023). Revenue: ₱1.40b (flat on FY 2023). Net income: ₱1.21b (up 56% from FY 2023). Profit margin: 86% (up from 55% in FY 2023). 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.
お知らせ • Jan 30The Philippine Stock Exchange, Inc. (PSE:PSE), BAP Data Exchange, Inc. and others agreed to acquire 18.62% stake in Philippine Dealing System Holdings Corp. from Bankers Association Of The Philippines for approximately PHP 700 million.The Philippine Stock Exchange, Inc. (PSE:PSE), BAP Data Exchange, Inc. and others agreed to acquire 18.62% stake in Philippine Dealing System Holdings Corp. from Bankers Association Of The Philippines for approximately PHP 700 million on January 28, 2025. A cash consideration of PHP 698.07 million valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc. and BAP Data Exchange, Inc. As part of consideration, PHP 698.07 million is paid towards common equity of Philippine Dealing System Holdings Corp.
お知らせ • Jan 20The Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 4% stake in Philippine Dealing System Holdings Corp. from AIA Philippines Life and General Insurance Company Inc. for PHP 150 million.The Philippine Stock Exchange, Inc. (PSE:PSE) agreed to acquire 4% stake in Philippine Dealing System Holdings Corp. from AIA Philippines Life and General Insurance Company Inc. for PHP 150 million on January 17, 2025. A cash consideration valued at PHP 600 per share will be paid by The Philippine Stock Exchange, Inc.
お知らせ • Jan 07The Philippine Stock Exchange, Inc. Announces Retirement of Roberto Jose R. Jimenez, Head of Finance DivisionThe Philippine Stock Exchange, Inc. announced that Mr. Roberto Jose R. Jimenez, Assistant Vice President & Head of Finance Division, retired from the Company effective 1 January 2025.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱2.96 (vs ₱1.93 in 3Q 2023)Third quarter 2024 results: EPS: ₱2.96 (up from ₱1.93 in 3Q 2023). Revenue: ₱320.6m (down 11% from 3Q 2023). Net income: ₱242.2m (up 53% from 3Q 2023). Profit margin: 76% (up from 44% in 3Q 2023). 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 7% per year.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₱1.90 (vs ₱2.63 in 2Q 2023)Second quarter 2024 results: EPS: ₱1.90 (down from ₱2.63 in 2Q 2023). Revenue: ₱369.4m (up 3.2% from 2Q 2023). Net income: ₱155.7m (down 28% from 2Q 2023). Profit margin: 42% (down from 60% in 2Q 2023). The decrease in margin was driven by higher 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.
お知らせ • Jul 08the Philippine Stock Exchange, Inc. Announces Committee ChangesThe Philippine Stock Exchange, Inc. at its Organizational Meeting held on 6 July 2024, the Board of Directors of the Company appointed the following as chairman and members of the Company's Committees for the year 2024 to 2025. Audit and Related Party Transactions Committee consists of: Andrew Jerome T. Gan- Chairman, Independent Director; Vicente L. Panlilio- Member, Independent Director; Peter B. Favila- Member, Independent Director; Ferdinand K. Constantino- Member; Marilyn A. Victorio-Aquino - Member, Risk Management Committee consists of: Peter B. Favila- Chairman, Independent Director; Eddie T. Gobing- Member; Vicente L. Panlilio- Member, Independent Director; Andrew Jerome T. Gan- Member, Independent Director; Jose Arnulfo A. Veloso - Member, Corporate Governance Committee consists of: Jose T. Pardo- Chairman, Independent Director; Teresita Leonardo-de Castro- Member, Independent Director; Ferdinand K. Constantino- Member; Vicente L. Panlilio- Member, Independent Director; Ma. Vivian Yuchengco - Member, Nomination and Election Committee consists of: Teresita Leonardo-de Castro- Chairman, Independent Director; Jose T. Pardo Member, Independent Director, Vicente L. Panlilio- Member, Independent Director; Peter B. Favila- Member, Independent Director; Andrew Jerome T. Gan- Member, Independent Director, Aissa V. Encarnacion- Resource Person; Veronica Vicedo-Del Rosario - Resource Person, Investments Committee consists of: Wilson L. Sy- Chairman; Diosdado M. Arroyo - Member; Edgardo G. Lacson - Member; Jose Arnulfo A. Veloso - Member; Andrew Jerome T. Gan- Member, Independent Director; Omelita J. Tiangco- Resource Person, Capital Markets Development Committee consists of: Ramon S. Monzon - Chairman; Wilson L. Sy- Member; Andrew Jerome T. Gan - Member, Independent Director; Ma. Vivian Yuchengco - Member;Diosdado M. Arroyo- Member; Anthony M. Te- Member; Jose Arnulfo A. Veloso - Member, Membership Committee consists of: Ma. Vivian Yuchengco - Chairman; Wilson L. Sy- Member; Eddie T. Gobing- Member; Ramon S. Monzon - Member; Jose Arnulfo A. Veloso - Member.
New Risk • May 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 126% High level of non-cash earnings (24% accrual ratio).
お知らせ • Apr 25PSE Eyeing to Finalize Takeover of PDS This YearThe Philippine Stock Exchange, Inc. (PSE:PSE) (PSE) said it is hoping to finalize the planned takeover of the Philippine Dealing System Holdings Corp. (PDS) within the year. “I hope it could be closed by this year. This is not complicated. We will only talk to a few shareholders,” PSE President and Chief Executive Officer Ramon S. Monzon told reporters during a GCash media event last week. The PSE is eyeing to acquire up to 100% of the PDS, the operator of the Philippine Dealing & Exchange Corp. (PDEx) that caters to the fixed- income market. However, Mr. Monzon said that negotiations have not started because the power of attorney of the Bankers Association of the Philippines (BAP) has expired. “The BAP is currently renewing that with the banks. Until that happens, I don’t want to talk to 24 different sectors. So we’re waiting for that. Everybody is doing their due diligence work now,” he said. The PSE has a 20.98% stake of the issued and outstanding capital stock of the PDS Group. Some of the other PDS shareholders include Singapore Exchange Ltd. (20% share), Whistler Technologies Services Inc. (8% share), Tata Consultancy Services Asia (8%), San Miguel Corp. (4%), Financial Executives Institute of the Philippines Research and Development Foundation (3.08%), and Social Security System (1.54%). Meanwhile, Mr. Monzon said the PSE could secure a loan for the planned acquisition. “We have some funds for that. I think we’ll have to probably take out a loan, depending on what the final price is,” he said. In December last year, the Securities and Exchange Commission (SEC) granted the application of the PSE for exemptive relief, allowing it to exceed the mandatory ownership in PDS. This means that the PSE is now allowed to exceed the mandatory limit of 20% on ownership and voting rights in an exchange, permitting it to own up to 100% of PDS, subject still to certain conditions.
お知らせ • Apr 04The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 06, 2024The Philippine Stock Exchange, Inc., Annual General Meeting, Jul 06, 2024, at 09:00 Singapore Standard Time.
Upcoming Dividend • Feb 29Upcoming dividend of ₱10.00 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (2.3%).
お知らせ • Feb 22+ 1 more updateThe Philippine Stock Exchange, Inc Declares Special Cash Dividend, Payable Not Later Than 5 April 2024The Board of Directors of the The Philippine Stock Exchange, Inc., in its regular meeting held on Feb. 21, 2024, declared special cash dividend of PHP 4.35 to stockholders of record as of 8 March 2024 payable not later than 5 April 2024. The ex-date is 7 March 2024.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₱2.63 (vs ₱2.09 in 2Q 2022)Second quarter 2023 results: EPS: ₱2.63 (up from ₱2.09 in 2Q 2022). Revenue: ₱357.8m (down 22% from 2Q 2022). Net income: ₱215.1m (up 26% from 2Q 2022). Profit margin: 60% (up from 37% in 2Q 2022). The increase in margin was driven by lower expenses. 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.
お知らせ • Jun 09The Philippine Stock Exchange, Inc. Announces Resignation of Gilberto C. Teodoro, Jr. as Independent DirectorThe Philippine Stock Exchange, Inc. announced Mr. Gilberto C. Teodoro, Jr. tendered his resignation as independent director of the company effective immediately. Mr. Teodoro has been an independent director of the company since 2021. Mr. Teodoro was recently appointed Secretary of the Department of National Defense. Effective date of resignation is June 7, 2023.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: ₱2.50 (vs ₱2.51 in 1Q 2022)First quarter 2023 results: EPS: ₱2.50 (down from ₱2.51 in 1Q 2022). Revenue: ₱382.3m (down 2.2% from 1Q 2022). Net income: ₱203.8m (flat on 1Q 2022). Profit margin: 53% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • May 04The Philippine Stock Exchange, Inc., Annual General Meeting, Aug 05, 2023The Philippine Stock Exchange, Inc., Annual General Meeting, Aug 05, 2023, at 09:00 Singapore Standard Time.
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: ₱9.12 (vs ₱11.33 in FY 2021)Full year 2022 results: EPS: ₱9.12 (down from ₱11.33 in FY 2021). Revenue: ₱1.54b (down 6.6% from FY 2021). Net income: ₱744.2m (down 19% from FY 2021). Profit margin: 48% (down from 56% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Feb 10Senior VP & COO recently bought ₱2.4m worth of stockOn the 7th of February, Roel Refran bought around 18k shares on-market at roughly ₱134 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Roel's only on-market trade for the last 12 months.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₱1.31 (vs ₱2.01 in 3Q 2021)Third quarter 2022 results: EPS: ₱1.31 (down from ₱2.01 in 3Q 2021). Revenue: ₱355.7m (down 1.5% from 3Q 2021). Net income: ₱107.0m (down 35% from 3Q 2021). Profit margin: 30% (down from 45% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Aug 15The Philippine Stock Exchange, Inc Announces Board ElectionsThe Philippine Stock Exchange, Inc. at its AGM held on August 13, 2022 approved appointment of Anthony M. Te as Broker Director, Vicente L. Panlilio Member, Independent Director, Edgardo G. Lacson Member, William L. Ang Member, Aissa V. Encarnacion Resource Person and Veronica Vicedo-Del Rosario Resource Person of Nomination and Election Committee, Jose Arnulfo A. Veloso Member of Risk Management Committee, Ferdinand K. Constantino – Member of Corporate Governance Committee, Jose Arnulfo A. Veloso Member and Omelita J. Tiangco Resource Person of Investments Committee. Audit and Related Party Transaction Committee: 1. Vicente L. Panlilio Chairman, Independent Dire 2. Ferdinand K. Constantino Vice Chairman 3. Consuelo D. Garcia Member, Independent Direc 4. Gilberto C. Teodoro, Jr. - Member, Independent D 5. Anabelle L. Chua Member Corporate Governance Committee: 1. Jose T. Pardo Chairman, Independent Director 2. Vicente L. Panlilio Member, Independent Direct 3. Teresita Leonardo-de Castro - Member, Independ 4. Ferdinand K. Constantino - Member 5. Ma. Vivian Yuchengco - Member Nomination and Election Committee: 1. Teresita Leonardo-de Castro Chairman, Indepen 2. Jose T. Pardo Member, Independent Director 3. Vicente L. Panlilio Member, Independent Direct 4. Edgardo G. Lacson Member 5. William L. Ang Member 6. Aissa V. Encarnacion Resource Person 7. Veronica Vicedo-Del Rosario Resource Person Risk Management Committee: 1. Consuelo D. Garcia Chairman, Independent Dir 2. Eddie T. Gobing Vice Chairman 3. Vicente L. Panlilio Member, Independent Direct 4. Gilberto C. Teodoro, Jr. - Member, Independent D 5. Jose Arnulfo A. Veloso Member Investments Committee: 1. Wilson L. Sy Chairman 2. Jose Arnulfo A. Veloso Member 3. Diosdado M. Arroyo Member 4. Tomas I. Alcantara - Member 5. Ferdinand K. Constantino Member 6. Omelita J. Tiangco Resource Person Capital Markets Development Committee: 1. Ramon S. Monzon Chairman 2. Consuelo D. Garcia Member, Independent Director 3. Ma. Vivian Yuchengco Member 4. Anabelle L. Chua - Member 5. Wilson L. Sy Member 6. Diosdado M. Arroyo Member 7. Anthony M. Te - Member Membership Committee: 1. Ma. Vivian Yuchengco Chairman 2. Ramon S. Monzon Member 3. Jose Arnulfo A. Veloso Member 4. Wilson L. Sy - Member 5. Eddie T. Gobing Member.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ₱2.09 (vs ₱2.78 in 2Q 2021)Second quarter 2022 results: EPS: ₱2.09 (down from ₱2.78 in 2Q 2021). Revenue: ₱458.5m (up 30% from 2Q 2021). Net income: ₱170.5m (down 25% from 2Q 2021). Profit margin: 37% (down from 64% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% 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 • Aug 03The Philippine Stock Exchange Ordinary Shares to Be Deleted from OTC EquityThe Philippine Stock Exchange, Inc. Ordinary Shares (Philippines) will be deleted from OTC Equity effective from August 03, 2022, due to Inactive Security.
お知らせ • Jul 15The Philippine Stock Exchange, Inc. has filed an IPO in the amount of PHP 1.8944 billion.The Philippine Stock Exchange, Inc. has filed an IPO in the amount of PHP 1.8944 billion. Security Name: Primary Shares Security Type: Common Stock Securities Offered: 1,280,000,000 Price\Range: PHP 1.48
Reported Earnings • Apr 29Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ₱11.33 (up from ₱8.08 in FY 2020). Revenue: ₱1.65b (up 25% from FY 2020). Net income: ₱923.1m (up 40% from FY 2020). Profit margin: 56% (up from 50% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.
Upcoming Dividend • Feb 25Upcoming dividend of ₱11.00 per shareEligible shareholders must have bought the stock before 04 March 2022. Payment date: 04 April 2022. Payout ratio is a comfortable 37% and the cash payout ratio is 78%. Trailing yield: 1.7%. Lower than top quartile of Filipino dividend payers (4.0%). Lower than average of industry peers (2.6%).
お知らせ • Feb 17+ 1 more updateThe Philippine Stock Exchange, Inc. Declares Special Cash Dividend Payable on 4 April 2022The Board of Directors of the The Philippine Stock Exchange, Inc., in its regular meeting held on February 16, 2022, declared cash dividend equivalent to a total of PHP 11.00 per share broken down as follows: PHP 4.00 regular cash dividend and PHP 7.00 special cash dividend to stockholders of record as of 9 March 2022 payable on 4 April 2022. The ex-date is 4 March 2022.
Recent Insider Transactions • Jan 26President recently bought ₱4.8m worth of stockOn the 21st of January, Ramon Monzon bought around 28k shares on-market at roughly ₱171 per share. This was the largest purchase by an insider in the last 3 months. This was Ramon's only on-market trade for the last 12 months.
Reported Earnings • Nov 21Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₱361.0m (up 13% from 3Q 2020). Net income: ₱163.9m (up 12% from 3Q 2020). Profit margin: 45% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS ₱2.79 (vs ₱2.23 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱352.1m (up 31% from 2Q 2020). Net income: ₱227.6m (up 25% from 2Q 2020). Profit margin: 65% (down from 67% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
Executive Departure • Jul 06Director Francis Chua has left the companyOn the 2nd of July, Francis Chua's tenure as Director ended. As of March 2021, Francis still personally held only 4.00 shares (₱675 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years.
Executive Departure • Jul 06Director Alejandro Yu has left the companyOn the 2nd of July, Alejandro Yu's tenure as Director ended. As of March 2021, Alejandro still personally held only 4.00 shares (₱675 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years.
Executive Departure • Jul 06Director Emmanuel Bautista has left the companyOn the 2nd of July, Emmanuel Bautista's tenure as Director ended after 10.2 years in the role. As of March 2021, Emmanuel still personally held only 2.00 shares (₱337 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₱207, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 15x in the Capital Markets industry in Asia. Total returns to shareholders of 11% over the past three years.
Reported Earnings • May 24First quarter 2021 earnings released: EPS ₱1.87 (vs ₱0.63 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱387.5m (up 32% from 1Q 2020). Net income: ₱152.3m (up 198% from 1Q 2020). Profit margin: 39% (up from 17% in 1Q 2020). The increase in margin was primarily driven by higher revenue. 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 8% per year.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS ₱8.08 (vs ₱8.33 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₱1.31b (up 1.8% from FY 2019). Net income: ₱659.8m (down 3.1% from FY 2019). Profit margin: 50% (down from 53% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year.
お知らせ • Feb 28The Philippine Stock Exchange, Inc. Elects Jose T. Pardo as Independent Director for Another Two YearsThe board of directors of The Philippine Stock Exchange, Inc. approved the eligibility of Mr. Jose T. Pardo to be elected as independent director for another two years.
Is New 90 Day High Low • Feb 20New 90-day low: ₱150The company is down 7.0% from its price of ₱160 on 20 November 2020. The Filipino market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 21% over the same period.
Is New 90 Day High Low • Jan 27New 90-day low: ₱152The company is down 9.0% from its price of ₱167 on 30 October 2020. The Filipino market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 30% over the same period.
Is New 90 Day High Low • Jan 04New 90-day low: ₱154The company is down 2.0% from its price of ₱157 on 07 October 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 24% over the same period.
Is New 90 Day High Low • Dec 15New 90-day low: ₱155The company is down 2.0% from its price of ₱158 on 16 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 24% over the same period.
Recent Insider Transactions • Dec 02President recently bought ₱4.6m worth of stockOn the 26th of November, Ramon Monzon bought around 36k shares on-market at roughly ₱128 per share. This was the largest purchase by an insider in the last 3 months. Ramon has been a buyer over the last 12 months, purchasing a net total of ₱8.6m worth in shares.
Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS ₱1.79The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ₱319.7m (up 5.2% from 3Q 2019). Net income: ₱145.9m (up 1.8% from 3Q 2019). Profit margin: 46% (down from 47% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year.