View Future GrowthPhilex Mining 過去の業績過去 基準チェック /06Philex Miningの収益は年間平均-29.9%の割合で減少していますが、 Metals and Mining業界の収益は年間 減少しています。収益は年間10.5% 3.7%割合で 減少しています。 Philex Miningの自己資本利益率は0.6%であり、純利益率は2.7%です。主要情報-29.91%収益成長率-33.63%EPS成長率Metals and Mining 業界の成長42.89%収益成長率-3.67%株主資本利益率0.63%ネット・マージン2.69%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 19Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.50b (up 8.2% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ₱0.16 (vs ₱0.14 in FY 2024)Full year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.85b (up 13% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₱0.031 (vs ₱0.053 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.031 (down from ₱0.053 in 3Q 2024). Revenue: ₱2.52b (up 19% from 3Q 2024). Net income: ₱180.4m (down 41% from 3Q 2024). Profit margin: 7.2% (down from 14% in 3Q 2024). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: ₱0.03 (vs ₱0.037 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.03 (down from ₱0.037 in 2Q 2024). Revenue: ₱1.86b (down 17% from 2Q 2024). Net income: ₱170.8m (down 20% from 2Q 2024). Profit margin: 9.2% (in line with 2Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Reported Earnings • Apr 17Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱7.86b (up 6.0% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 10% (down from 14% in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ₱0.14 (vs ₱0.18 in FY 2023)Full year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱8.18b (up 10% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 9.9% (down from 14% in FY 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesNew Risk • May 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 54% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin).Major Estimate Revision • May 05Consensus revenue estimates fall by 34%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₱18.3b to ₱12.0b. EPS estimate fell from ₱1.05 to ₱0.404 per share. Net income forecast to grow 151% next year vs 49% growth forecast for Metals and Mining industry in Philippines. Consensus price target of ₱20.00 unchanged from last update. Share price fell 7.4% to ₱8.91 over the past week.Reported Earnings • Apr 19Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.50b (up 8.2% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.Recent Insider Transactions • Mar 26Insider recently bought ₱829k worth of stockOn the 23rd of March, Victor Francisco bought around 100k shares on-market at roughly ₱8.29 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱671k more in shares than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱9.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Metals and Mining industry in Asia. Total returns to shareholders of 188% over the past three years.Declared Dividend • Feb 26Dividend increased to ₱0.04Dividend of ₱0.04 is 100% higher than last year. Ex-date: 9th March 2026 Payment date: 25th March 2026 Dividend yield will be 0.3%, which is lower than the industry average of 5.7%.お知らせ • Feb 25Philex Mining Corporation announces Annual dividend, payable on March 25, 2026Philex Mining Corporation announced Annual dividend of PHP 0.0400 per share payable on March 25, 2026, ex-date on March 09, 2026 and record date on March 10, 2026.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ₱0.16 (vs ₱0.14 in FY 2024)Full year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.85b (up 13% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings.お知らせ • Feb 24Philex Mining Corporation, Annual General Meeting, Jun 25, 2026Philex Mining Corporation, Annual General Meeting, Jun 25, 2026.Major Estimate Revision • Dec 13Consensus EPS estimates increase by 40%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₱0.10 to ₱0.14. Revenue forecast unchanged at ₱9.02b. Net income forecast to grow 618% next year vs 42% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱17.00 to ₱19.50. Share price rose 2.0% to ₱10.00 over the past week.Price Target Changed • Dec 12Price target increased by 22% to ₱19.50Up from ₱16.00, the current price target is provided by 1 analyst. New target price is 95% above last closing price of ₱10.00. Stock is up 251% over the past year. The company is forecast to post earnings per share of ₱0.14 for next year compared to ₱0.14 last year.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₱0.031 (vs ₱0.053 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.031 (down from ₱0.053 in 3Q 2024). Revenue: ₱2.52b (up 19% from 3Q 2024). Net income: ₱180.4m (down 41% from 3Q 2024). Profit margin: 7.2% (down from 14% in 3Q 2024). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱7.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Metals and Mining industry in Asia. Total returns to shareholders of 239% over the past three years.New Risk • Oct 22New 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₱10.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Metals and Mining industry in Asia. Total returns to shareholders of 316% over the past three years.Major Estimate Revision • Oct 08Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₱9.26b to ₱9.02b. EPS estimate also fell from ₱0.17 per share to ₱0.138 per share. Net income forecast to grow 273% next year vs 41% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱16.00 to ₱17.00. Share price rose 16% to ₱10.10 over the past week.Recent Insider Transactions • Oct 02Board Member recently sold ₱1.9m worth of stockOn the 29th of September, Barbara Anne Migallos sold around 235k shares on-market at roughly ₱7.90 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱613k more than they sold in the last 12 months.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₱8.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Metals and Mining industry in Asia. Total returns to shareholders of 258% over the past three years.Recent Insider Transactions • Sep 23CFO, Treasurer recently bought ₱358k worth of stockOn the 19th of September, Romeo Bachoco bought around 50k shares on-market at roughly ₱7.15 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Romeo's only on-market trade for the last 12 months.お知らせ • Sep 19Philex Mining Corporation Announces Passing of Oscar J. Hilado, Independent Director on September 17, 2025Philex Mining Corporation announced the passing of Mr. Oscar J. Hilado, an Independent Director of the Company. Effective Date of Resignation/Cessation of term is September 17, 2025. Reason(s) for Resignation/Cessation is Death.Major Estimate Revision • Sep 10Consensus revenue estimates decrease by 61%, EPS upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₱9.11b to ₱3.56b. EPS estimate increased from ₱0.15 to ₱0.166 per share. Net income forecast to grow 219% next year vs 36% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱12.40 to ₱16.00. Share price was steady at ₱6.98 over the past week.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₱6.95, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 124% over the past three years.Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: ₱0.03 (vs ₱0.037 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.03 (down from ₱0.037 in 2Q 2024). Revenue: ₱1.86b (down 17% from 2Q 2024). Net income: ₱170.8m (down 20% from 2Q 2024). Profit margin: 9.2% (in line with 2Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Jul 11Philex Mining Corporation Approves Appointment of Victor Alfonso A. Limlingan as DirectorsPhilex Mining Corporation at its AGM held on June 26, 2025 approved appointment of Victor Alfonso A. Limlingan as Directors.お知らせ • May 30Philex Mining Corporation Unveils Silangan ProjectPhilex Mining Corporation announced that it recently unveiled its Silangan Project in simple ceremonies at its project site in Barangay Timamana, Tubod, Surigao del Norte. The ceremony was held in front of the Grinding Complex which is composed of major equipment such as the SAG (Semi Autogenous Grinding) mill, mill liner handler and cyclone cluster pump at the process plant to showcase it as one of the most critical areas of the Project. The process plant also includes copper leaching and gold leaching operation, with the copper leaching from run of mine ore to copper cathode production, making it the first of its kind in the country; thus, the final products are copper cathode and gold dore. Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo Loyzaga was the guest of honor and speaker at the unveiling ceremonies. Department of Environment and Natural resources (DENR) Secretary MariaAntia Yulo Loyzag was the guest of honor and speakers at the unveiling ceremony.Major Estimate Revision • May 21Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₱9.42b to ₱9.10b. EPS estimate also fell from ₱0.184 per share to ₱0.149 per share. Net income forecast to grow 79% next year vs 34% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱11.00 to ₱12.40. Share price rose 6.4% to ₱6.28 over the past week.Reported Earnings • Apr 17Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱7.86b (up 6.0% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 10% (down from 14% in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱6.30, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Metals and Mining industry in Asia. Total returns to shareholders of 19% over the past three years.Major Estimate Revision • Mar 30Consensus EPS estimates fall by 16%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₱9.31b to ₱9.42b. EPS estimate fell from ₱0.22 to ₱0.184 per share. Net income forecast to grow 32% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target of ₱11.00 unchanged from last update. Share price was steady at ₱7.20 over the past week.Recent Insider Transactions • Mar 15Insider recently bought ₱1.5m worth of stockOn the 11th of March, Victor Francisco bought around 240k shares on-market at roughly ₱6.07 per share. This transaction increased Victor's direct individual holding by 2x 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.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₱5.84, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Negligible returns to shareholders over past three years.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ₱0.14 (vs ₱0.18 in FY 2023)Full year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱8.18b (up 10% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 9.9% (down from 14% in FY 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Declared Dividend • Mar 01Dividend of ₱0.02 announcedDividend of ₱0.02 is the same as last year. Ex-date: 11th March 2025 Payment date: 24th March 2025 Dividend yield will be 0.4%, which is lower than the industry average of 5.7%.お知らせ • Feb 27+ 1 more updatePhilex Mining Corporation, Annual General Meeting, Jun 26, 2025Philex Mining Corporation, Annual General Meeting, Jun 26, 2025.New Risk • Feb 19New 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 8.8% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱3.73, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total loss to shareholders of 30% over the past three years.お知らせ • Jan 02Philex Mining Corporation Announces Resignation of Manuel L. Argel as Board of DirectorsPhilex Mining Corporation announced the resignation of Mr. Manuel L. Argel, Jr. from the Company's Board of Directors. Effective Date of Resignation January 2, 2025.お知らせ • Dec 06Philex Mining Corporation Announces Padcal Life of Mine Extension of Up to December 2028Philex Mining Corporation announced that Padcal Mine has been in operation for more than six decades and still has a remaining ore resource that can be mined depending on global metal price forecasts. Based on a completed study after recalibrating the mining plan, the life of the Padcal Mine is extended for another year from December 2027 to December 2028. Additional tonnage will be coming from the mining of pillars at 760-ML Production Level as it will contribute good grades. There are tonnages also from previously developed draw points beyond one hundred% extraction that provided good grades that continue to mine. These are on top of the mineable reserves that declared in the 2027 projected end of mine life. Price sensitivity analyses were applied on the remaining reserves which further confirmed the economic viability of extending the mine life. The operating data and parameters used in determining the updated remaining mineable reserves were as of October 31, 2024 resulting to a remaining mineable reserves estimate of 30.25 Million tonnes with an average gold and copper grades of 0.20 grams per tonne (g/t) and 0.18%, respectively. The total recoverable Goldis estimated to be 137,600 ounces while the total recoverable Copper is estimated to be 93.20 million pounds. The new estimate includes remaining reserves from the previously declared mineable reserves as of December 31, 2023 aggregating to 33.90 Million tonnes with an average gold and copper grades of 0.21 g/t and 0.17%, respectively. The newly declared remaining mineable reserves estimate was based on the previously disclosed mineral resource estimate as of December 31, 2023 that remained the same at 190.8 Million tonnes with an average grade of 0.3 g/t and 0.18% for Gold and Copper, respectively.Major Estimate Revision • Nov 23Consensus EPS estimates fall by 31%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₱8.03b to ₱8.34b. EPS estimate fell from ₱0.193 to ₱0.133 per share. Net income forecast to grow 43% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target down from ₱4.70 to ₱4.20. Share price was steady at ₱2.78 over the past week.Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: ₱0.053 (vs ₱0.024 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.053 (up from ₱0.024 in 3Q 2023). Revenue: ₱2.12b (up 18% from 3Q 2023). Net income: ₱306.6m (up 119% from 3Q 2023). Profit margin: 14% (up from 7.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Price Target Changed • Oct 19Price target increased by 18% to ₱4.70Up from ₱4.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ₱3.30. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₱0.19 for next year compared to ₱0.18 last year.Buy Or Sell Opportunity • Aug 19Now 23% overvaluedOver the last 90 days, the stock has fallen 5.0% to ₱2.85. The fair value is estimated to be ₱2.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 547% in the next 2 years.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: ₱0.037 (vs ₱0.054 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.037 (down from ₱0.054 in 2Q 2023). Revenue: ₱2.24b (up 9.0% from 2Q 2023). Net income: ₱214.7m (down 32% from 2Q 2023). Profit margin: 9.6% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.お知らせ • Jul 11+ 1 more updatePhilex Mining Corporation Appoints Santiago Dionisio R. Agdeppa as DirectorPhilex Mining Corporation appointed Santiago Dionisio R. Agdeppa as director, at its AGM, held on 8 July 2024.Major Estimate Revision • May 09Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₱10.6b to ₱8.80b. EPS estimate fell from ₱0.258 to ₱0.215 per share. Net income forecast to grow 90% next year vs 29% growth forecast for Metals and Mining industry in Philippines. Consensus price target down from ₱4.30 to ₱4.00. Share price fell 5.2% to ₱2.90 over the past week.Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: ₱0.02 (vs ₱0.067 in 1Q 2023)First quarter 2024 results: EPS: ₱0.02 (down from ₱0.067 in 1Q 2023). Revenue: ₱1.74b (down 18% from 1Q 2023). Net income: ₱114.7m (down 71% from 1Q 2023). Profit margin: 6.6% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Apr 23Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₱8.89b to ₱10.6b. EPS estimate increased from ₱0.184 to ₱0.258 per share. Net income forecast to grow 47% next year vs 28% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱4.00 to ₱4.30. Share price rose 4.8% to ₱3.06 over the past week.Reported Earnings • Apr 17Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: ₱0.18 (down from ₱0.34 in FY 2022). Revenue: ₱7.41b (down 17% from FY 2022). Net income: ₱1.02b (down 43% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Production and reserves: Copper Production: 9,661 t (11,379 t in FY 2022) Proved and probable reserves (ore): 115.3 Mt (122.1 Mt in FY 2022) Number of mines: 1 (1 in FY 2022) Gold Production: 37.784 troy koz (48.567 troy koz in FY 2022) Proved and probable reserves (ore): 115.3 Mt (122.1 Mt in FY 2022) Number of mines: 1 (1 in FY 2022) Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year.Upcoming Dividend • Mar 07Upcoming dividend of ₱0.02 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 27 March 2024. Trailing yield: 0.7%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (6.2%).Declared Dividend • Mar 02Dividend of ₱0.02 announcedDividend of ₱0.02 is the same as last year. Ex-date: 14th March 2024 Payment date: 27th March 2024 Dividend yield will be 0.7%, which is lower than the industry average of 5.7%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 40%.お知らせ • Mar 01Philex Mining Corporation, Annual General Meeting, Jun 27, 2024Philex Mining Corporation, Annual General Meeting, Jun 27, 2024, at 14:30 Singapore Standard Time.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₱0.18 (vs ₱0.34 in FY 2022)Full year 2023 results: EPS: ₱0.18 (down from ₱0.34 in FY 2022). Revenue: ₱7.73b (down 13% from FY 2022). Net income: ₱1.02b (down 43% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Metals and Mining industry in Asia. 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 17% per year.お知らせ • Feb 29Philex Mining Corporation Approves Declaration of Cash Dividend, Payable on March 27, 2024Philex Mining Corporation announced that at the meeting of the Board of Directors held on February 29, 2024, the Board approved the declaration of cash dividend as follows: Amount: PHP 0.02 per share. Record Date: March 15, 2024. Payment Date: March 27, 2024.お知らせ • Jan 18Philex Mining Corporation Appointment of Ms. Diana V. Pardo-Aguilar and Mr. Manuel L. Argel, Jr. as New Non- Executive DirectorsAt the Special Meeting of the Board of Directors of Philex Mining Corporation held on 16 January 2024, the Board elected Ms. Diana V. Pardo-Aguilar and Mr. Manuel L. Argel, Jr. as Directors of the Company. Ms. Pardo-Aguilar and Mr. Argel replaced Messrs. Rolando L. Macasaet and Santiago D. R. Agdeppa, who have tendered their respective resignations from the Philex Board as a result of the changes in the Board assignments of the members of the Social Security Commission (SSC), the governing board of the Social Security System (SSS). Ms. Pardo-Aguilar, 59, holds a Master's Degree in Business Administration major in International Business and Finance from Pepperdine University, California, and a Bachelor of Science in Computer Studies from De La Salle University. She has served as a Commissioner of the SSC since August 2010, and is currently the Chairperson of the Investment Oversight Committee, Vice Chairperson of the Information Technology Committee, and a Member of the Risk Management and Audit Committees of the SSS. She also serves as Director in Security Bank Corporation and is an Independent Director of Medical Doctors Inc., of Makati Medical Center. Mr. Argel, 73, is a distinguished alumnus of San Beda University, where he obtained both his Bachelor of Arts in Philosophy in 1969, and his Bachelor of Laws in 1974. He is currently a commissioner of the SSC, and a member of the Risk Management and Investment and Audit Committees. He also performs quasi-judicial functions through decisions rendered on cases involving SSS coverage, benefits, contributions, and penalties. He started his law career as a private practitioner, until 1995 when he was appointed as Regional Trial Court (RTC) Judge of Laoag City. He served as Executive Judge from 2005 to 2007.お知らせ • Jan 17Philex Mining Corporation Announces Executive ChangesPhilex Mining Corporation announced the resignations of Messrs. Rolando L. Macasaet and Santiago D.R. Agdeppa from the Company's Board of Directors. The Social Security Commission has advised that its new nominees to the Board of Directors of the Company, vice Messrs. Macasaet and Agdeppa, are SSS Commissioner Diana Pardo Aguilar and SSS Commissioner Manuel L. Argel SSS Commissioner Anita Bumpus Quitain will continue as a Director of the Company. Effective from January 1, 2024. Reason for resignation: Due to the changes in board seat assignments of Social Security Commission members.Major Estimate Revision • Dec 21Consensus revenue estimates increase by 86%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₱8.19b to ₱15.2b. EPS estimate unchanged from ₱0.18 at last update. Metals and Mining industry in Philippines expected to see average net income growth of 35% next year. Consensus price target of ₱4.00 unchanged from last update. Share price rose 5.6% to ₱3.23 over the past week.Major Estimate Revision • Nov 30Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₱9.02b to ₱8.19b. EPS estimate also fell from ₱0.21 per share to ₱0.177 per share. Net income forecast to grow 5.3% next year vs 37% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱3.50 to ₱4.00. Share price was steady at ₱3.06 over the past week.New Risk • Nov 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₱0.024 (vs ₱0.047 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.024 (down from ₱0.047 in 3Q 2022). Revenue: ₱1.80b (down 12% from 3Q 2022). Net income: ₱139.8m (down 42% from 3Q 2022). Profit margin: 7.8% (down from 12% in 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: ₱0.054 (vs ₱0.14 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.054 (down from ₱0.14 in 2Q 2022). Revenue: ₱2.05b (down 18% from 2Q 2022). Net income: ₱314.6m (down 56% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Jun 23Philex Mining Corporation Announces Management ChangesPhilex Mining Corporation at its Organizational Meeting of the Board of Directors held on 22 June 2023, appointed Ricardo S. Dolipas II as Vice President - Padcal Operations; Romeo B. Bachoco as Chief Risk Officer and Geraldine B. Ateo-an as Chief Audit Executive. The company also announced appointments to the committees: Board Risk Oversight Committee: Rolando L. Macasaet as Member. Corporate Governance Committee: Rolando L. Macasaet as Member. Compensation Committee: Richard P. C. Chan as Member. Nominations Committee: Joseph H. P. Ng and Santiago Dionisio A. Agdeppa as Member. Finance Committee: Joseph H. P. Ng as Chairman and Santiago Dionisio A. Agdeppa as Member. Composition of committees as follows Audit Committee: Oscar J. Hilado, Chairman (Independent Director); Wilfredo A. Paras (Independent Director); Marilyn A. Victorio-Aquino; Joseph H. P. Ng and Anita Bumpus Quitain. Board Risk Oversight Committee: Oscar J. Hilado, Chairman (Independent Director); Wilfredo A. Paras (Independent Director); Marilyn A. Victorio-Aquino; Joseph H. P. Ng and Rolando L. Macasaet. Related Party Transactions Committee: Wilfredo A. Paras, Chairman (Independent Director); Oscar J. Hilado (Independent Director) and Marilyn A. Victorio-Aquino. Corporate Governance Committee: Marilyn A. Victorio-Aquino, Chairman; Oscar J. Hilado (Independent Director); Wilfredo A. Paras (Independent Director) and Rolando L. Macasaet. Compensation Committee: Wilfredo A. Paras, Chairman (Independent Director); Oscar J. Hilado (Independent Director); Richard P. C. Chan and Anita Bumpus Quitain. Nominations Committee: Manuel V. Pangilinan, Chairman; Wilfredo A. Paras (Independent Director); Marilyn A. Victorio-Aquino; Joseph H. P. Ng and Santiago Dionisio A. Agdeppa. Finance Committee: Joseph H. P. Ng, Chairman; Oscar J. Hilado (Independent Director); Eulalio B. Austin, Jr.; Marilyn A. Victorio-Aquino and Santiago Dionisio A. Agdeppa.Reported Earnings • Apr 14Full year 2022 earnings released: EPS: ₱0.34 (vs ₱0.49 in FY 2021)Full year 2022 results: EPS: ₱0.34 (down from ₱0.49 in FY 2021). Revenue: ₱9.26b (down 1.5% from FY 2021). Net income: ₱1.80b (down 26% from FY 2021). Profit margin: 19% (down from 26% 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 73% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 28Full year 2022 earnings released: EPS: ₱0.34 (vs ₱0.49 in FY 2021)Full year 2022 results: EPS: ₱0.34 (down from ₱0.49 in FY 2021). Revenue: ₱9.26b (down 1.5% from FY 2021). Net income: ₱1.80b (down 26% from FY 2021). Profit margin: 19% (down from 26% 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 73% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jan 25Philex Mining Corporation (PSE:PX) signed a term sheet to acquire Gold mining project in Itogon from Macawiwili Gold Mining And Development Co., Inc.Philex Mining Corporation (PSE:PX) signed a term sheet to acquire Gold mining project in Itogon from Macawiwili Gold Mining And Development Co., Inc. on January 24, 2023.お知らせ • Jan 13Philex Mining Corporation Announces Resignation of Michael G. Regino as Non-Executive DirectorPhilex Mining Corporation announced the resignation of Mr. Michael G. Regino as Non-executive Director, effective January 09, 2023.Board Change • Nov 16Less 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. 4 experienced directors. 6 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Wilfredo Paras was the last independent director to join the board, commencing their role in 2011. 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 • Oct 29Third quarter 2022 earnings released: EPS: ₱0.041 (vs ₱0.15 in 3Q 2021)Third quarter 2022 results: EPS: ₱0.041 (down from ₱0.15 in 3Q 2021). Revenue: ₱2.04b (down 17% from 3Q 2021). Net income: ₱239.7m (down 67% from 3Q 2021). Profit margin: 12% (down from 29% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Sep 17Treasurer recently bought ₱174k worth of stockOn the 15th of September, Romeo Bachoco bought around 60k shares on-market at roughly ₱2.90 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱3.7m. Romeo has been a buyer over the last 12 months, purchasing a net total of ₱1.8m worth in shares.Recent Insider Transactions • Aug 24Insider recently bought ₱350k worth of stockOn the 19th of August, Victor Francisco bought around 101k shares on-market at roughly ₱3.45 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱3.7m. Insiders have collectively bought ₱5.9m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Aug 05President recently bought ₱3.7m worth of stockOn the 3rd of August, Eulalio Austin bought around 1m shares on-market at roughly ₱3.15 per share. This was the largest purchase by an insider in the last 3 months. This was Eulalio's only on-market trade for the last 12 months.お知らせ • Aug 02Philex Mining Corporation has completed a Follow-on Equity Offering in the amount of PHP 2.6523 billion.Philex Mining Corporation has completed a Follow-on Equity Offering in the amount of PHP 2.6523 billion. Security Name: Common Shares Security Type: Common Stock Securities Offered: 842,000,000 Price\Range: PHP 3.15 Discount Per Security: PHP 0.063 Transaction Features: Rights OfferingReported Earnings • Jul 30Second quarter 2022 earnings released: EPS: ₱0.14 (vs ₱0.12 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.14 (up from ₱0.12 in 2Q 2021). Revenue: ₱2.49b (up 4.5% from 2Q 2021). Net income: ₱708.8m (up 18% from 2Q 2021). Profit margin: 28% (up from 25% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to ₱3.31, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 7x in the Metals and Mining industry in Philippines. Total loss to shareholders of 5.6% over the past three years.Reported Earnings • May 02First quarter 2022 earnings released: EPS: ₱0.14 (vs ₱0.11 in 1Q 2021)First quarter 2022 results: EPS: ₱0.14 (up from ₱0.11 in 1Q 2021). Revenue: ₱2.53b (up 6.7% from 1Q 2021). Net income: ₱690.4m (up 23% from 1Q 2021). Profit margin: 27% (up from 24% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.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. 4 experienced directors. 6 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Wilfredo Paras was the last independent director to join the board, commencing their role in 2011. 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 13Full year 2021 earnings releasedFull year 2021 results: Net income: ₱2.43b (up 98% from FY 2020). Production and reserves: Gold Proved and probable reserves (ore): 106.3 Mt (98.86 Mt in FY 2020)Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ₱5.33, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 42% over the past three years.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ₱5.33, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 42% over the past three years.Reported Earnings • Mar 08Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₱0.49 (up from ₱0.25 in FY 2020). Revenue: ₱9.80b (up 29% from FY 2020). Net income: ₱2.43b (up 98% from FY 2020). Profit margin: 25% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 07Philex Mining Corporation Approves the Declaration of Cash Dividend, Payable April 3, 2022At the meeting of the Board of Directors of PHILEX MINING CORPORATION held, March 4, 2022, the Board approved the declaration of cash dividend as follows:Amount: P0.05 per share, Record Date: March 21, 2022, Payment Date: April 3, 2022.お知らせ • Jan 12Philex Mining Corporation Announces Completion of the In-Phase Mine Plan Feasibility Study and an Updated Mineable Reserve Estimate for the Boyongan DepositPhilex Mining Corporation announced the completion of the In-Phase Mine Plan feasibility study and an updated mineable reserve estimate for the Boyongan deposit in accordance with the 2012 Philippine Mineral Reporting Code (PMRC). A feasibility study for a 4 Million tonnes per year sub-level cave mining plan for the Boyongan copper porphyry deposit was previously completed and disclosed in 2019 and was used as the basis for the In-Phase Mine Plan feasibility study. The in-phase plan consists of a starter sub-level cave mine that has an annual ore production of 700 thousand tonnes or 2,000 tonnes per day. Mining will commence at the East sub-level cave because it has the grade ore. A new decline will be developed to access the East sub-level cave while the existing exploration decline will be rehabilitated to serve as an alternative mine access and a ventilation exhaust for mine air. Ore coming from the starter mine will be hauled using mine trucks from the underground to the process plant at the surface, where it will be crushed and ground to required sizes. Copper, gold and silver will be recovered using copper leaching and gold leaching processes because the ore at this point consists of predominantly oxide minerals. The processing plant will produce a London Metal Exchange (LME) grade (99.999%) copper cathode and gold-silver dore. Tailings from the processing plant will be piped to the Tailings Storage Facility which is 5 Kilometers to the northwest of the Boyongan ore body. The initial capital cost to develop the starter mine is estimated to be USD 224 Million, which will be spent within the 2.5 years development period. The 2,000 tonnes per day starter mine will last for 5 years, after which on the sixth year of production, mining and processing rate will increase to 4,000 tonnes per day or 1.3 Million tonnes per year. By the ninth year, ore production and processing rates will again increase to 8,000 tonnes per day or 2.7 Million tonnes per year. On this year as well, a copper flotation circuit will be added to the process plant as the ore mined now consists of oxide and sulfide minerals. Copper flotation will produce copper concentrates with gold and silver. The final ramp up will occur on the twelfth year. Ore production rate starting this year up to when the mineable ore will be exhausted will be 12,000 tonnes per day or 4 Million tonnes per year. The life of mine for Phase 1 Boyongan is 28 years. The resulting updated mineable reserve estimate below is the culmination of the In PhaseMine Plan feasibility study undertaken. After incorporating standard mining factors to the mineral resource, the competent person for this report has delineated 81 Million tonnes as mineable reserve.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₱5.44, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 6x in the Metals and Mining industry in Philippines. Total returns to shareholders of 48% over the past three years.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS ₱0.15 (vs ₱0.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱2.47b (up 14% from 3Q 2020). Net income: ₱721.3m (up 46% from 3Q 2020). Profit margin: 29% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS ₱0.12 (vs ₱0.065 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱2.38b (up 21% from 2Q 2020). Net income: ₱599.5m (up 86% from 2Q 2020). Profit margin: 25% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • May 19First quarter 2021 earnings released: EPS ₱0.11 (vs ₱0.021 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱2.37b (up 38% from 1Q 2020). Net income: ₱559.6m (up 447% from 1Q 2020). Profit margin: 24% (up from 6.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Apr 25Full year 2020 earnings released: EPS ₱0.25 (vs ₱0.13 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱7.61b (up 17% from FY 2019). Net income: ₱1.23b (up ₱1.88b from FY 2019). Profit margin: 16% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Production and reserves: Gold Production: 56 troy koz (53.064 troy koz in FY 2019) Proved and probable reserves (ore): 98.86 Mt (105.4 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Copper Production: 11,965 t (11,674 t in FY 2019) Proved and probable reserves (ore): 98.86 Mt (105.4 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₱5.32, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 12x in the Metals and Mining industry in Philippines. Total loss to shareholders of 2.9% over the past three years.お知らせ • Feb 27Philex Mining Corporation Announces Appointment of Bai Norhata Demarunsing Macatbar Alonto as DirectorOn February 24, 2021, Philex Mining Corporation announced the appointment of Bai Norhata Demarunsing Macatbar Alonto as Director of the company, effective February 24, 2021.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ₱0.25 (vs ₱0.13 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱7.83b (up 20% from FY 2019). Net income: ₱1.23b (up ₱1.88b from FY 2019). Profit margin: 16% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26Philex Mining Corporation, Annual General Meeting, Jun 23, 2021Philex Mining Corporation, Annual General Meeting, Jun 23, 2021, at 06:30 Coordinated Universal Time.お知らせ • Feb 19Philex Mining Corporation Announces Resignation of Diana Pardo- Aguilar as Nominee Director of Social Security SystemPhilex Mining Corporation announced resignation of Ms. Diana Pardo- Aguilar as nominee Director of Social Security System, effective February 19, 2021.Executive Departure • Feb 19Non-Executive Director has left the companyOn the 19th of February, Diana V. Aguilar's tenure as Non-Executive Director ended after 1.3 years in the role. As of December 2020, Diana V. personally held only 1.00 share (₱4.0 worth at the time). A total of 2 executives have left over the last 12 months.Is New 90 Day High Low • Jan 28New 90-day low: ₱4.51The company is down 16% from its price of ₱5.39 on 30 October 2020. The Filipino market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 42% over the same period.お知らせ • Dec 30Philex Mining Corporation Announces the Retirement of Michael T. Toledo as Senior Vice President for Public and Regulatory Affairs, Effective December 30, 2020Philex Mining Corporation informed that Mr. Michael T. Toledo has retired from his position as the company's Senior Vice President for Public and Regulatory Affairs effective December 30, 2020.Is New 90 Day High Low • Oct 10New 90-day high: ₱4.70The company is up 68% from its price of ₱2.79 on 10 July 2020. The Filipino market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 27% over the same period.お知らせ • Aug 18Philex Mining Corporation to Report Q3, 2020 Results on Oct 28, 2020Philex Mining Corporation announced that they will report Q3, 2020 results on Oct 28, 2020収支内訳Philex Mining の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史PSE:PX 収益、費用、利益 ( )PHP Millions日付収益収益G+A経費研究開発費31 Mar 267,682207282031 Dec 258,500930279030 Sep 258,034656255030 Jun 257,637782251031 Mar 258,013826254031 Dec 247,855810248030 Sep 247,551810248030 Jun 247,227643244031 Mar 247,043743241031 Dec 237,4101,018231030 Sep 237,7981,001235030 Jun 238,0411,100235031 Mar 238,4751,495238031 Dec 228,8981,796240030 Sep 229,2412,190243030 Jun 229,6702,671242031 Mar 229,5622,562243031 Dec 219,4042,431243030 Sep 218,8792,190260030 Jun 218,5811,963271031 Mar 218,1711,686271031 Dec 207,5131,228279030 Sep 207,506-168277030 Jun 207,110-615285031 Mar 206,755-752288031 Dec 196,634-648285030 Sep 196,149478280030 Jun 196,157448283031 Mar 196,649512293031 Dec 187,338608303030 Sep 188,5711,096336030 Jun 189,0041,491341031 Mar 188,8761,529349031 Dec 178,9591,658361030 Sep 178,6121,366345030 Jun 179,0511,529357031 Mar 179,2651,595367031 Dec 169,1961,589370030 Sep 168,6661,400350030 Jun 168,1551,068357031 Mar 168,209994386031 Dec 158,185896409030 Sep 158,657652534030 Jun 158,8959866290質の高い収益: PXには₱164.2M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: PXの現在の純利益率 (2.7%)は、昨年(10.3%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: PXの収益は過去 5 年間で年間29.9%減少しました。成長の加速: PXは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: PXは過去 1 年間で収益成長率がマイナス ( -75% ) となったため、 Metals and Mining業界平均 ( 257.7% ) と比較することが困難です。株主資本利益率高いROE: PXの 自己資本利益率 ( 0.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health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2026/05/06 16:19終値2026/05/06 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Philex Mining Corporation 1 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Amos OngCLSAMichael BengsonDeutsche Banknull nullMaybank Research Pte. Ltd.
Reported Earnings • Apr 19Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.50b (up 8.2% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ₱0.16 (vs ₱0.14 in FY 2024)Full year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.85b (up 13% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₱0.031 (vs ₱0.053 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.031 (down from ₱0.053 in 3Q 2024). Revenue: ₱2.52b (up 19% from 3Q 2024). Net income: ₱180.4m (down 41% from 3Q 2024). Profit margin: 7.2% (down from 14% in 3Q 2024). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: ₱0.03 (vs ₱0.037 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.03 (down from ₱0.037 in 2Q 2024). Revenue: ₱1.86b (down 17% from 2Q 2024). Net income: ₱170.8m (down 20% from 2Q 2024). Profit margin: 9.2% (in line with 2Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 17Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱7.86b (up 6.0% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 10% (down from 14% in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ₱0.14 (vs ₱0.18 in FY 2023)Full year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱8.18b (up 10% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 9.9% (down from 14% in FY 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
New Risk • May 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 54% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin).
Major Estimate Revision • May 05Consensus revenue estimates fall by 34%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₱18.3b to ₱12.0b. EPS estimate fell from ₱1.05 to ₱0.404 per share. Net income forecast to grow 151% next year vs 49% growth forecast for Metals and Mining industry in Philippines. Consensus price target of ₱20.00 unchanged from last update. Share price fell 7.4% to ₱8.91 over the past week.
Reported Earnings • Apr 19Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.50b (up 8.2% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Mar 26Insider recently bought ₱829k worth of stockOn the 23rd of March, Victor Francisco bought around 100k shares on-market at roughly ₱8.29 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱671k more in shares than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱9.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Metals and Mining industry in Asia. Total returns to shareholders of 188% over the past three years.
Declared Dividend • Feb 26Dividend increased to ₱0.04Dividend of ₱0.04 is 100% higher than last year. Ex-date: 9th March 2026 Payment date: 25th March 2026 Dividend yield will be 0.3%, which is lower than the industry average of 5.7%.
お知らせ • Feb 25Philex Mining Corporation announces Annual dividend, payable on March 25, 2026Philex Mining Corporation announced Annual dividend of PHP 0.0400 per share payable on March 25, 2026, ex-date on March 09, 2026 and record date on March 10, 2026.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ₱0.16 (vs ₱0.14 in FY 2024)Full year 2025 results: EPS: ₱0.16 (up from ₱0.14 in FY 2024). Revenue: ₱8.85b (up 13% from FY 2024). Net income: ₱929.7m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings.
お知らせ • Feb 24Philex Mining Corporation, Annual General Meeting, Jun 25, 2026Philex Mining Corporation, Annual General Meeting, Jun 25, 2026.
Major Estimate Revision • Dec 13Consensus EPS estimates increase by 40%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₱0.10 to ₱0.14. Revenue forecast unchanged at ₱9.02b. Net income forecast to grow 618% next year vs 42% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱17.00 to ₱19.50. Share price rose 2.0% to ₱10.00 over the past week.
Price Target Changed • Dec 12Price target increased by 22% to ₱19.50Up from ₱16.00, the current price target is provided by 1 analyst. New target price is 95% above last closing price of ₱10.00. Stock is up 251% over the past year. The company is forecast to post earnings per share of ₱0.14 for next year compared to ₱0.14 last year.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: ₱0.031 (vs ₱0.053 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.031 (down from ₱0.053 in 3Q 2024). Revenue: ₱2.52b (up 19% from 3Q 2024). Net income: ₱180.4m (down 41% from 3Q 2024). Profit margin: 7.2% (down from 14% in 3Q 2024). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱7.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Metals and Mining industry in Asia. Total returns to shareholders of 239% over the past three years.
New Risk • Oct 22New 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₱10.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Metals and Mining industry in Asia. Total returns to shareholders of 316% over the past three years.
Major Estimate Revision • Oct 08Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₱9.26b to ₱9.02b. EPS estimate also fell from ₱0.17 per share to ₱0.138 per share. Net income forecast to grow 273% next year vs 41% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱16.00 to ₱17.00. Share price rose 16% to ₱10.10 over the past week.
Recent Insider Transactions • Oct 02Board Member recently sold ₱1.9m worth of stockOn the 29th of September, Barbara Anne Migallos sold around 235k shares on-market at roughly ₱7.90 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱613k more than they sold in the last 12 months.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₱8.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Metals and Mining industry in Asia. Total returns to shareholders of 258% over the past three years.
Recent Insider Transactions • Sep 23CFO, Treasurer recently bought ₱358k worth of stockOn the 19th of September, Romeo Bachoco bought around 50k shares on-market at roughly ₱7.15 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Romeo's only on-market trade for the last 12 months.
お知らせ • Sep 19Philex Mining Corporation Announces Passing of Oscar J. Hilado, Independent Director on September 17, 2025Philex Mining Corporation announced the passing of Mr. Oscar J. Hilado, an Independent Director of the Company. Effective Date of Resignation/Cessation of term is September 17, 2025. Reason(s) for Resignation/Cessation is Death.
Major Estimate Revision • Sep 10Consensus revenue estimates decrease by 61%, EPS upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₱9.11b to ₱3.56b. EPS estimate increased from ₱0.15 to ₱0.166 per share. Net income forecast to grow 219% next year vs 36% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱12.40 to ₱16.00. Share price was steady at ₱6.98 over the past week.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₱6.95, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 124% over the past three years.
Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: ₱0.03 (vs ₱0.037 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.03 (down from ₱0.037 in 2Q 2024). Revenue: ₱1.86b (down 17% from 2Q 2024). Net income: ₱170.8m (down 20% from 2Q 2024). Profit margin: 9.2% (in line with 2Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Jul 11Philex Mining Corporation Approves Appointment of Victor Alfonso A. Limlingan as DirectorsPhilex Mining Corporation at its AGM held on June 26, 2025 approved appointment of Victor Alfonso A. Limlingan as Directors.
お知らせ • May 30Philex Mining Corporation Unveils Silangan ProjectPhilex Mining Corporation announced that it recently unveiled its Silangan Project in simple ceremonies at its project site in Barangay Timamana, Tubod, Surigao del Norte. The ceremony was held in front of the Grinding Complex which is composed of major equipment such as the SAG (Semi Autogenous Grinding) mill, mill liner handler and cyclone cluster pump at the process plant to showcase it as one of the most critical areas of the Project. The process plant also includes copper leaching and gold leaching operation, with the copper leaching from run of mine ore to copper cathode production, making it the first of its kind in the country; thus, the final products are copper cathode and gold dore. Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo Loyzaga was the guest of honor and speaker at the unveiling ceremonies. Department of Environment and Natural resources (DENR) Secretary MariaAntia Yulo Loyzag was the guest of honor and speakers at the unveiling ceremony.
Major Estimate Revision • May 21Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₱9.42b to ₱9.10b. EPS estimate also fell from ₱0.184 per share to ₱0.149 per share. Net income forecast to grow 79% next year vs 34% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱11.00 to ₱12.40. Share price rose 6.4% to ₱6.28 over the past week.
Reported Earnings • Apr 17Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱7.86b (up 6.0% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 10% (down from 14% in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱6.30, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Metals and Mining industry in Asia. Total returns to shareholders of 19% over the past three years.
Major Estimate Revision • Mar 30Consensus EPS estimates fall by 16%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₱9.31b to ₱9.42b. EPS estimate fell from ₱0.22 to ₱0.184 per share. Net income forecast to grow 32% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target of ₱11.00 unchanged from last update. Share price was steady at ₱7.20 over the past week.
Recent Insider Transactions • Mar 15Insider recently bought ₱1.5m worth of stockOn the 11th of March, Victor Francisco bought around 240k shares on-market at roughly ₱6.07 per share. This transaction increased Victor's direct individual holding by 2x 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.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₱5.84, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Negligible returns to shareholders over past three years.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ₱0.14 (vs ₱0.18 in FY 2023)Full year 2024 results: EPS: ₱0.14 (down from ₱0.18 in FY 2023). Revenue: ₱8.18b (up 10% from FY 2023). Net income: ₱810.2m (down 20% from FY 2023). Profit margin: 9.9% (down from 14% in FY 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Declared Dividend • Mar 01Dividend of ₱0.02 announcedDividend of ₱0.02 is the same as last year. Ex-date: 11th March 2025 Payment date: 24th March 2025 Dividend yield will be 0.4%, which is lower than the industry average of 5.7%.
お知らせ • Feb 27+ 1 more updatePhilex Mining Corporation, Annual General Meeting, Jun 26, 2025Philex Mining Corporation, Annual General Meeting, Jun 26, 2025.
New Risk • Feb 19New 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 8.8% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱3.73, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total loss to shareholders of 30% over the past three years.
お知らせ • Jan 02Philex Mining Corporation Announces Resignation of Manuel L. Argel as Board of DirectorsPhilex Mining Corporation announced the resignation of Mr. Manuel L. Argel, Jr. from the Company's Board of Directors. Effective Date of Resignation January 2, 2025.
お知らせ • Dec 06Philex Mining Corporation Announces Padcal Life of Mine Extension of Up to December 2028Philex Mining Corporation announced that Padcal Mine has been in operation for more than six decades and still has a remaining ore resource that can be mined depending on global metal price forecasts. Based on a completed study after recalibrating the mining plan, the life of the Padcal Mine is extended for another year from December 2027 to December 2028. Additional tonnage will be coming from the mining of pillars at 760-ML Production Level as it will contribute good grades. There are tonnages also from previously developed draw points beyond one hundred% extraction that provided good grades that continue to mine. These are on top of the mineable reserves that declared in the 2027 projected end of mine life. Price sensitivity analyses were applied on the remaining reserves which further confirmed the economic viability of extending the mine life. The operating data and parameters used in determining the updated remaining mineable reserves were as of October 31, 2024 resulting to a remaining mineable reserves estimate of 30.25 Million tonnes with an average gold and copper grades of 0.20 grams per tonne (g/t) and 0.18%, respectively. The total recoverable Goldis estimated to be 137,600 ounces while the total recoverable Copper is estimated to be 93.20 million pounds. The new estimate includes remaining reserves from the previously declared mineable reserves as of December 31, 2023 aggregating to 33.90 Million tonnes with an average gold and copper grades of 0.21 g/t and 0.17%, respectively. The newly declared remaining mineable reserves estimate was based on the previously disclosed mineral resource estimate as of December 31, 2023 that remained the same at 190.8 Million tonnes with an average grade of 0.3 g/t and 0.18% for Gold and Copper, respectively.
Major Estimate Revision • Nov 23Consensus EPS estimates fall by 31%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₱8.03b to ₱8.34b. EPS estimate fell from ₱0.193 to ₱0.133 per share. Net income forecast to grow 43% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target down from ₱4.70 to ₱4.20. Share price was steady at ₱2.78 over the past week.
Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: ₱0.053 (vs ₱0.024 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.053 (up from ₱0.024 in 3Q 2023). Revenue: ₱2.12b (up 18% from 3Q 2023). Net income: ₱306.6m (up 119% from 3Q 2023). Profit margin: 14% (up from 7.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Price Target Changed • Oct 19Price target increased by 18% to ₱4.70Up from ₱4.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ₱3.30. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₱0.19 for next year compared to ₱0.18 last year.
Buy Or Sell Opportunity • Aug 19Now 23% overvaluedOver the last 90 days, the stock has fallen 5.0% to ₱2.85. The fair value is estimated to be ₱2.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 547% in the next 2 years.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: ₱0.037 (vs ₱0.054 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.037 (down from ₱0.054 in 2Q 2023). Revenue: ₱2.24b (up 9.0% from 2Q 2023). Net income: ₱214.7m (down 32% from 2Q 2023). Profit margin: 9.6% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 11+ 1 more updatePhilex Mining Corporation Appoints Santiago Dionisio R. Agdeppa as DirectorPhilex Mining Corporation appointed Santiago Dionisio R. Agdeppa as director, at its AGM, held on 8 July 2024.
Major Estimate Revision • May 09Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₱10.6b to ₱8.80b. EPS estimate fell from ₱0.258 to ₱0.215 per share. Net income forecast to grow 90% next year vs 29% growth forecast for Metals and Mining industry in Philippines. Consensus price target down from ₱4.30 to ₱4.00. Share price fell 5.2% to ₱2.90 over the past week.
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: ₱0.02 (vs ₱0.067 in 1Q 2023)First quarter 2024 results: EPS: ₱0.02 (down from ₱0.067 in 1Q 2023). Revenue: ₱1.74b (down 18% from 1Q 2023). Net income: ₱114.7m (down 71% from 1Q 2023). Profit margin: 6.6% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Apr 23Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₱8.89b to ₱10.6b. EPS estimate increased from ₱0.184 to ₱0.258 per share. Net income forecast to grow 47% next year vs 28% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱4.00 to ₱4.30. Share price rose 4.8% to ₱3.06 over the past week.
Reported Earnings • Apr 17Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: ₱0.18 (down from ₱0.34 in FY 2022). Revenue: ₱7.41b (down 17% from FY 2022). Net income: ₱1.02b (down 43% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Production and reserves: Copper Production: 9,661 t (11,379 t in FY 2022) Proved and probable reserves (ore): 115.3 Mt (122.1 Mt in FY 2022) Number of mines: 1 (1 in FY 2022) Gold Production: 37.784 troy koz (48.567 troy koz in FY 2022) Proved and probable reserves (ore): 115.3 Mt (122.1 Mt in FY 2022) Number of mines: 1 (1 in FY 2022) Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year.
Upcoming Dividend • Mar 07Upcoming dividend of ₱0.02 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 27 March 2024. Trailing yield: 0.7%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (6.2%).
Declared Dividend • Mar 02Dividend of ₱0.02 announcedDividend of ₱0.02 is the same as last year. Ex-date: 14th March 2024 Payment date: 27th March 2024 Dividend yield will be 0.7%, which is lower than the industry average of 5.7%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 40%.
お知らせ • Mar 01Philex Mining Corporation, Annual General Meeting, Jun 27, 2024Philex Mining Corporation, Annual General Meeting, Jun 27, 2024, at 14:30 Singapore Standard Time.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₱0.18 (vs ₱0.34 in FY 2022)Full year 2023 results: EPS: ₱0.18 (down from ₱0.34 in FY 2022). Revenue: ₱7.73b (down 13% from FY 2022). Net income: ₱1.02b (down 43% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Metals and Mining industry in Asia. 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 17% per year.
お知らせ • Feb 29Philex Mining Corporation Approves Declaration of Cash Dividend, Payable on March 27, 2024Philex Mining Corporation announced that at the meeting of the Board of Directors held on February 29, 2024, the Board approved the declaration of cash dividend as follows: Amount: PHP 0.02 per share. Record Date: March 15, 2024. Payment Date: March 27, 2024.
お知らせ • Jan 18Philex Mining Corporation Appointment of Ms. Diana V. Pardo-Aguilar and Mr. Manuel L. Argel, Jr. as New Non- Executive DirectorsAt the Special Meeting of the Board of Directors of Philex Mining Corporation held on 16 January 2024, the Board elected Ms. Diana V. Pardo-Aguilar and Mr. Manuel L. Argel, Jr. as Directors of the Company. Ms. Pardo-Aguilar and Mr. Argel replaced Messrs. Rolando L. Macasaet and Santiago D. R. Agdeppa, who have tendered their respective resignations from the Philex Board as a result of the changes in the Board assignments of the members of the Social Security Commission (SSC), the governing board of the Social Security System (SSS). Ms. Pardo-Aguilar, 59, holds a Master's Degree in Business Administration major in International Business and Finance from Pepperdine University, California, and a Bachelor of Science in Computer Studies from De La Salle University. She has served as a Commissioner of the SSC since August 2010, and is currently the Chairperson of the Investment Oversight Committee, Vice Chairperson of the Information Technology Committee, and a Member of the Risk Management and Audit Committees of the SSS. She also serves as Director in Security Bank Corporation and is an Independent Director of Medical Doctors Inc., of Makati Medical Center. Mr. Argel, 73, is a distinguished alumnus of San Beda University, where he obtained both his Bachelor of Arts in Philosophy in 1969, and his Bachelor of Laws in 1974. He is currently a commissioner of the SSC, and a member of the Risk Management and Investment and Audit Committees. He also performs quasi-judicial functions through decisions rendered on cases involving SSS coverage, benefits, contributions, and penalties. He started his law career as a private practitioner, until 1995 when he was appointed as Regional Trial Court (RTC) Judge of Laoag City. He served as Executive Judge from 2005 to 2007.
お知らせ • Jan 17Philex Mining Corporation Announces Executive ChangesPhilex Mining Corporation announced the resignations of Messrs. Rolando L. Macasaet and Santiago D.R. Agdeppa from the Company's Board of Directors. The Social Security Commission has advised that its new nominees to the Board of Directors of the Company, vice Messrs. Macasaet and Agdeppa, are SSS Commissioner Diana Pardo Aguilar and SSS Commissioner Manuel L. Argel SSS Commissioner Anita Bumpus Quitain will continue as a Director of the Company. Effective from January 1, 2024. Reason for resignation: Due to the changes in board seat assignments of Social Security Commission members.
Major Estimate Revision • Dec 21Consensus revenue estimates increase by 86%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₱8.19b to ₱15.2b. EPS estimate unchanged from ₱0.18 at last update. Metals and Mining industry in Philippines expected to see average net income growth of 35% next year. Consensus price target of ₱4.00 unchanged from last update. Share price rose 5.6% to ₱3.23 over the past week.
Major Estimate Revision • Nov 30Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₱9.02b to ₱8.19b. EPS estimate also fell from ₱0.21 per share to ₱0.177 per share. Net income forecast to grow 5.3% next year vs 37% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱3.50 to ₱4.00. Share price was steady at ₱3.06 over the past week.
New Risk • Nov 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₱0.024 (vs ₱0.047 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.024 (down from ₱0.047 in 3Q 2022). Revenue: ₱1.80b (down 12% from 3Q 2022). Net income: ₱139.8m (down 42% from 3Q 2022). Profit margin: 7.8% (down from 12% in 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: ₱0.054 (vs ₱0.14 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.054 (down from ₱0.14 in 2Q 2022). Revenue: ₱2.05b (down 18% from 2Q 2022). Net income: ₱314.6m (down 56% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Jun 23Philex Mining Corporation Announces Management ChangesPhilex Mining Corporation at its Organizational Meeting of the Board of Directors held on 22 June 2023, appointed Ricardo S. Dolipas II as Vice President - Padcal Operations; Romeo B. Bachoco as Chief Risk Officer and Geraldine B. Ateo-an as Chief Audit Executive. The company also announced appointments to the committees: Board Risk Oversight Committee: Rolando L. Macasaet as Member. Corporate Governance Committee: Rolando L. Macasaet as Member. Compensation Committee: Richard P. C. Chan as Member. Nominations Committee: Joseph H. P. Ng and Santiago Dionisio A. Agdeppa as Member. Finance Committee: Joseph H. P. Ng as Chairman and Santiago Dionisio A. Agdeppa as Member. Composition of committees as follows Audit Committee: Oscar J. Hilado, Chairman (Independent Director); Wilfredo A. Paras (Independent Director); Marilyn A. Victorio-Aquino; Joseph H. P. Ng and Anita Bumpus Quitain. Board Risk Oversight Committee: Oscar J. Hilado, Chairman (Independent Director); Wilfredo A. Paras (Independent Director); Marilyn A. Victorio-Aquino; Joseph H. P. Ng and Rolando L. Macasaet. Related Party Transactions Committee: Wilfredo A. Paras, Chairman (Independent Director); Oscar J. Hilado (Independent Director) and Marilyn A. Victorio-Aquino. Corporate Governance Committee: Marilyn A. Victorio-Aquino, Chairman; Oscar J. Hilado (Independent Director); Wilfredo A. Paras (Independent Director) and Rolando L. Macasaet. Compensation Committee: Wilfredo A. Paras, Chairman (Independent Director); Oscar J. Hilado (Independent Director); Richard P. C. Chan and Anita Bumpus Quitain. Nominations Committee: Manuel V. Pangilinan, Chairman; Wilfredo A. Paras (Independent Director); Marilyn A. Victorio-Aquino; Joseph H. P. Ng and Santiago Dionisio A. Agdeppa. Finance Committee: Joseph H. P. Ng, Chairman; Oscar J. Hilado (Independent Director); Eulalio B. Austin, Jr.; Marilyn A. Victorio-Aquino and Santiago Dionisio A. Agdeppa.
Reported Earnings • Apr 14Full year 2022 earnings released: EPS: ₱0.34 (vs ₱0.49 in FY 2021)Full year 2022 results: EPS: ₱0.34 (down from ₱0.49 in FY 2021). Revenue: ₱9.26b (down 1.5% from FY 2021). Net income: ₱1.80b (down 26% from FY 2021). Profit margin: 19% (down from 26% 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 73% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: ₱0.34 (vs ₱0.49 in FY 2021)Full year 2022 results: EPS: ₱0.34 (down from ₱0.49 in FY 2021). Revenue: ₱9.26b (down 1.5% from FY 2021). Net income: ₱1.80b (down 26% from FY 2021). Profit margin: 19% (down from 26% 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 73% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jan 25Philex Mining Corporation (PSE:PX) signed a term sheet to acquire Gold mining project in Itogon from Macawiwili Gold Mining And Development Co., Inc.Philex Mining Corporation (PSE:PX) signed a term sheet to acquire Gold mining project in Itogon from Macawiwili Gold Mining And Development Co., Inc. on January 24, 2023.
お知らせ • Jan 13Philex Mining Corporation Announces Resignation of Michael G. Regino as Non-Executive DirectorPhilex Mining Corporation announced the resignation of Mr. Michael G. Regino as Non-executive Director, effective January 09, 2023.
Board Change • Nov 16Less 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. 4 experienced directors. 6 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Wilfredo Paras was the last independent director to join the board, commencing their role in 2011. 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 • Oct 29Third quarter 2022 earnings released: EPS: ₱0.041 (vs ₱0.15 in 3Q 2021)Third quarter 2022 results: EPS: ₱0.041 (down from ₱0.15 in 3Q 2021). Revenue: ₱2.04b (down 17% from 3Q 2021). Net income: ₱239.7m (down 67% from 3Q 2021). Profit margin: 12% (down from 29% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Sep 17Treasurer recently bought ₱174k worth of stockOn the 15th of September, Romeo Bachoco bought around 60k shares on-market at roughly ₱2.90 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱3.7m. Romeo has been a buyer over the last 12 months, purchasing a net total of ₱1.8m worth in shares.
Recent Insider Transactions • Aug 24Insider recently bought ₱350k worth of stockOn the 19th of August, Victor Francisco bought around 101k shares on-market at roughly ₱3.45 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱3.7m. Insiders have collectively bought ₱5.9m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Aug 05President recently bought ₱3.7m worth of stockOn the 3rd of August, Eulalio Austin bought around 1m shares on-market at roughly ₱3.15 per share. This was the largest purchase by an insider in the last 3 months. This was Eulalio's only on-market trade for the last 12 months.
お知らせ • Aug 02Philex Mining Corporation has completed a Follow-on Equity Offering in the amount of PHP 2.6523 billion.Philex Mining Corporation has completed a Follow-on Equity Offering in the amount of PHP 2.6523 billion. Security Name: Common Shares Security Type: Common Stock Securities Offered: 842,000,000 Price\Range: PHP 3.15 Discount Per Security: PHP 0.063 Transaction Features: Rights Offering
Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: ₱0.14 (vs ₱0.12 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.14 (up from ₱0.12 in 2Q 2021). Revenue: ₱2.49b (up 4.5% from 2Q 2021). Net income: ₱708.8m (up 18% from 2Q 2021). Profit margin: 28% (up from 25% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to ₱3.31, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 7x in the Metals and Mining industry in Philippines. Total loss to shareholders of 5.6% over the past three years.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: ₱0.14 (vs ₱0.11 in 1Q 2021)First quarter 2022 results: EPS: ₱0.14 (up from ₱0.11 in 1Q 2021). Revenue: ₱2.53b (up 6.7% from 1Q 2021). Net income: ₱690.4m (up 23% from 1Q 2021). Profit margin: 27% (up from 24% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
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. 4 experienced directors. 6 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Wilfredo Paras was the last independent director to join the board, commencing their role in 2011. 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 13Full year 2021 earnings releasedFull year 2021 results: Net income: ₱2.43b (up 98% from FY 2020). Production and reserves: Gold Proved and probable reserves (ore): 106.3 Mt (98.86 Mt in FY 2020)
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ₱5.33, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 42% over the past three years.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ₱5.33, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 42% over the past three years.
Reported Earnings • Mar 08Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₱0.49 (up from ₱0.25 in FY 2020). Revenue: ₱9.80b (up 29% from FY 2020). Net income: ₱2.43b (up 98% from FY 2020). Profit margin: 25% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 07Philex Mining Corporation Approves the Declaration of Cash Dividend, Payable April 3, 2022At the meeting of the Board of Directors of PHILEX MINING CORPORATION held, March 4, 2022, the Board approved the declaration of cash dividend as follows:Amount: P0.05 per share, Record Date: March 21, 2022, Payment Date: April 3, 2022.
お知らせ • Jan 12Philex Mining Corporation Announces Completion of the In-Phase Mine Plan Feasibility Study and an Updated Mineable Reserve Estimate for the Boyongan DepositPhilex Mining Corporation announced the completion of the In-Phase Mine Plan feasibility study and an updated mineable reserve estimate for the Boyongan deposit in accordance with the 2012 Philippine Mineral Reporting Code (PMRC). A feasibility study for a 4 Million tonnes per year sub-level cave mining plan for the Boyongan copper porphyry deposit was previously completed and disclosed in 2019 and was used as the basis for the In-Phase Mine Plan feasibility study. The in-phase plan consists of a starter sub-level cave mine that has an annual ore production of 700 thousand tonnes or 2,000 tonnes per day. Mining will commence at the East sub-level cave because it has the grade ore. A new decline will be developed to access the East sub-level cave while the existing exploration decline will be rehabilitated to serve as an alternative mine access and a ventilation exhaust for mine air. Ore coming from the starter mine will be hauled using mine trucks from the underground to the process plant at the surface, where it will be crushed and ground to required sizes. Copper, gold and silver will be recovered using copper leaching and gold leaching processes because the ore at this point consists of predominantly oxide minerals. The processing plant will produce a London Metal Exchange (LME) grade (99.999%) copper cathode and gold-silver dore. Tailings from the processing plant will be piped to the Tailings Storage Facility which is 5 Kilometers to the northwest of the Boyongan ore body. The initial capital cost to develop the starter mine is estimated to be USD 224 Million, which will be spent within the 2.5 years development period. The 2,000 tonnes per day starter mine will last for 5 years, after which on the sixth year of production, mining and processing rate will increase to 4,000 tonnes per day or 1.3 Million tonnes per year. By the ninth year, ore production and processing rates will again increase to 8,000 tonnes per day or 2.7 Million tonnes per year. On this year as well, a copper flotation circuit will be added to the process plant as the ore mined now consists of oxide and sulfide minerals. Copper flotation will produce copper concentrates with gold and silver. The final ramp up will occur on the twelfth year. Ore production rate starting this year up to when the mineable ore will be exhausted will be 12,000 tonnes per day or 4 Million tonnes per year. The life of mine for Phase 1 Boyongan is 28 years. The resulting updated mineable reserve estimate below is the culmination of the In PhaseMine Plan feasibility study undertaken. After incorporating standard mining factors to the mineral resource, the competent person for this report has delineated 81 Million tonnes as mineable reserve.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₱5.44, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 6x in the Metals and Mining industry in Philippines. Total returns to shareholders of 48% over the past three years.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS ₱0.15 (vs ₱0.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱2.47b (up 14% from 3Q 2020). Net income: ₱721.3m (up 46% from 3Q 2020). Profit margin: 29% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS ₱0.12 (vs ₱0.065 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱2.38b (up 21% from 2Q 2020). Net income: ₱599.5m (up 86% from 2Q 2020). Profit margin: 25% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • May 19First quarter 2021 earnings released: EPS ₱0.11 (vs ₱0.021 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱2.37b (up 38% from 1Q 2020). Net income: ₱559.6m (up 447% from 1Q 2020). Profit margin: 24% (up from 6.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 25Full year 2020 earnings released: EPS ₱0.25 (vs ₱0.13 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱7.61b (up 17% from FY 2019). Net income: ₱1.23b (up ₱1.88b from FY 2019). Profit margin: 16% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Production and reserves: Gold Production: 56 troy koz (53.064 troy koz in FY 2019) Proved and probable reserves (ore): 98.86 Mt (105.4 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Copper Production: 11,965 t (11,674 t in FY 2019) Proved and probable reserves (ore): 98.86 Mt (105.4 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₱5.32, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 12x in the Metals and Mining industry in Philippines. Total loss to shareholders of 2.9% over the past three years.
お知らせ • Feb 27Philex Mining Corporation Announces Appointment of Bai Norhata Demarunsing Macatbar Alonto as DirectorOn February 24, 2021, Philex Mining Corporation announced the appointment of Bai Norhata Demarunsing Macatbar Alonto as Director of the company, effective February 24, 2021.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ₱0.25 (vs ₱0.13 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱7.83b (up 20% from FY 2019). Net income: ₱1.23b (up ₱1.88b from FY 2019). Profit margin: 16% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26Philex Mining Corporation, Annual General Meeting, Jun 23, 2021Philex Mining Corporation, Annual General Meeting, Jun 23, 2021, at 06:30 Coordinated Universal Time.
お知らせ • Feb 19Philex Mining Corporation Announces Resignation of Diana Pardo- Aguilar as Nominee Director of Social Security SystemPhilex Mining Corporation announced resignation of Ms. Diana Pardo- Aguilar as nominee Director of Social Security System, effective February 19, 2021.
Executive Departure • Feb 19Non-Executive Director has left the companyOn the 19th of February, Diana V. Aguilar's tenure as Non-Executive Director ended after 1.3 years in the role. As of December 2020, Diana V. personally held only 1.00 share (₱4.0 worth at the time). A total of 2 executives have left over the last 12 months.
Is New 90 Day High Low • Jan 28New 90-day low: ₱4.51The company is down 16% from its price of ₱5.39 on 30 October 2020. The Filipino market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 42% over the same period.
お知らせ • Dec 30Philex Mining Corporation Announces the Retirement of Michael T. Toledo as Senior Vice President for Public and Regulatory Affairs, Effective December 30, 2020Philex Mining Corporation informed that Mr. Michael T. Toledo has retired from his position as the company's Senior Vice President for Public and Regulatory Affairs effective December 30, 2020.
Is New 90 Day High Low • Oct 10New 90-day high: ₱4.70The company is up 68% from its price of ₱2.79 on 10 July 2020. The Filipino market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 27% over the same period.
お知らせ • Aug 18Philex Mining Corporation to Report Q3, 2020 Results on Oct 28, 2020Philex Mining Corporation announced that they will report Q3, 2020 results on Oct 28, 2020