Belle（BEL）株式概要ベル・コーポレーションはフィリピン国内外での不動産開発事業に従事している。 詳細BEL ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より67.6%で取引されている リスク分析不安定な配当実績 すべてのリスクチェックを見るBEL Community Fair Values Create NarrativeSee what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₱Current Price₱1.3251.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture08b2016201920222025202620282031Revenue ₱8.1bEarnings ₱3.3bAdvancedSet Fair ValueView all narrativesBelle Corporation 競合他社Vista Land & LifescapesSymbol: PSE:VLLMarket cap: ₱12.2bSta. Lucia LandSymbol: PSE:SLIMarket cap: ₱17.0bFilinvest LandSymbol: PSE:FLIMarket cap: ₱16.3bRockwell LandSymbol: PSE:ROCKMarket cap: ₱11.8b価格と性能株価の高値、安値、推移の概要Belle過去の株価現在の株価₱1.3252週高値₱1.9752週安値₱1.20ベータ0.431ヶ月の変化-2.22%3ヶ月変化-3.65%1年変化-16.98%3年間の変化11.86%5年間の変化-7.04%IPOからの変化16.47%最新ニュースReported Earnings • Apr 28First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₱1.42b (up 8.9% from 1Q 2025). Net income: ₱510.0m (up 14% from 1Q 2025). Profit margin: 36% (up from 34% in 1Q 2025). The increase in margin was driven by higher revenue.Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ₱0.22 (vs ₱0.25 in FY 2024)Full year 2025 results: EPS: ₱0.22 (down from ₱0.25 in FY 2024). Revenue: ₱5.29b (down 7.0% from FY 2024). Net income: ₱2.10b (down 10% from FY 2024). Profit margin: 40% (down from 41% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 01Dividend of ₱0.06 announcedDividend of ₱0.06 is the same as last year. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Feb 28Belle Corporation announces Annual dividend, payable on March 27, 2026Belle Corporation announced Annual dividend of PHP 0.0600 per share payable on March 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.お知らせ • Feb 27Belle Corporation, Annual General Meeting, Apr 27, 2026Belle Corporation, Annual General Meeting, Apr 27, 2026, at 13:30 W. Australia Standard Time. Location: hybrid meeting (please see description), PhilippinesRecent Insider Transactions • Jan 08Non-Executive Chairman recently bought ₱254k worth of stockOn the 6th of January, Willy Ocier bought around 193k shares on-market at roughly ₱1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱274k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱2.1m worth in shares.最新情報をもっと見るRecent updatesReported Earnings • Apr 28First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₱1.42b (up 8.9% from 1Q 2025). Net income: ₱510.0m (up 14% from 1Q 2025). Profit margin: 36% (up from 34% in 1Q 2025). The increase in margin was driven by higher revenue.Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ₱0.22 (vs ₱0.25 in FY 2024)Full year 2025 results: EPS: ₱0.22 (down from ₱0.25 in FY 2024). Revenue: ₱5.29b (down 7.0% from FY 2024). Net income: ₱2.10b (down 10% from FY 2024). Profit margin: 40% (down from 41% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 01Dividend of ₱0.06 announcedDividend of ₱0.06 is the same as last year. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Feb 28Belle Corporation announces Annual dividend, payable on March 27, 2026Belle Corporation announced Annual dividend of PHP 0.0600 per share payable on March 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.お知らせ • Feb 27Belle Corporation, Annual General Meeting, Apr 27, 2026Belle Corporation, Annual General Meeting, Apr 27, 2026, at 13:30 W. Australia Standard Time. Location: hybrid meeting (please see description), PhilippinesRecent Insider Transactions • Jan 08Non-Executive Chairman recently bought ₱254k worth of stockOn the 6th of January, Willy Ocier bought around 193k shares on-market at roughly ₱1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱274k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱2.1m worth in shares.Recent Insider Transactions • Dec 19Non-Executive Chairman recently bought ₱274k worth of stockOn the 16th of December, Willy Ocier bought around 208k shares on-market at roughly ₱1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱1.8m worth in shares.Reported Earnings • Nov 01Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₱1.40b (up 2.4% from 3Q 2024). Net income: ₱534.9m (down 18% from 3Q 2024). Profit margin: 38% (down from 47% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Oct 02Non-Executive Chairman recently bought ₱78k worth of stockOn the 30th of September, Willy Ocier bought around 50k shares on-market at roughly ₱1.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱718k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱1.5m worth in shares.New Risk • Sep 20New 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 7.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change).Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₱1.69, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total returns to shareholders of 66% over the past three years.Recent Insider Transactions • Sep 16Non-Executive Chairman recently bought ₱718k worth of stockOn the 12th of September, Willy Ocier bought around 536k shares on-market at roughly ₱1.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱1.5m worth in shares.Recent Insider Transactions • Aug 15Non-Executive Chairman recently bought ₱571k worth of stockOn the 13th of August, Willy Ocier bought around 410k shares on-market at roughly ₱1.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱753k worth in shares.Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₱1.17b (down 16% from 2Q 2024). Net income: ₱330.8m (down 22% from 2Q 2024). Profit margin: 28% (down from 30% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jul 17Non-Executive Chairman recently bought ₱182k worth of stockOn the 15th of July, Willy Ocier bought around 120k shares on-market at roughly ₱1.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Willy's only on-market trade for the last 12 months.Recent Insider Transactions • May 23Non-Executive Chairman recently bought ₱150k worth of stockOn the 19th of May, Willy Ocier bought around 100k shares on-market at roughly ₱1.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Willy's only on-market trade for the last 12 months.Recent Insider Transactions • May 15Non-Executive Chairman recently bought ₱294k worth of stockOn the 13th of May, Willy Ocier bought around 200k shares on-market at roughly ₱1.47 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Willy's only on-market trade for the last 12 months.Reported Earnings • Apr 30First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₱1.27b (down 4.9% from 1Q 2024). Net income: ₱448.3m (up 17% from 1Q 2024). Profit margin: 35% (up from 29% in 1Q 2024). The increase in margin was driven by lower expenses.New Risk • Mar 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ₱0.25 (vs ₱0.20 in FY 2023)Full year 2024 results: EPS: ₱0.25 (up from ₱0.20 in FY 2023). Revenue: ₱5.89b (up 7.3% from FY 2023). Net income: ₱2.33b (up 24% from FY 2023). Profit margin: 40% (up from 34% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 24+ 1 more updateBelle Corporation, Annual General Meeting, Apr 28, 2025Belle Corporation, Annual General Meeting, Apr 28, 2025, at 14:00 W. Australia Standard Time. Location: hybrid meeting (please see description), Philippinesお知らせ • Jan 23Anna Josefina G. Esteban Resigns as Chief Audit Executive of Belle Corporation, Effective from February 10, 2025Belle Corporation announced that Ms. Anna Josefina G. Esteban has tendered her resignation as the Corporation's Chief Audit Executive (CAE) effective close of business of February 10, 2025. Reason(s) for Resignation/Cessation: Personal reasons.Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₱1.37b (flat on 3Q 2023). Net income: ₱650.8m (up 30% from 3Q 2023). Profit margin: 47% (up from 36% in 3Q 2023).Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₱1.40b (up 3.9% from 2Q 2023). Net income: ₱425.6m (down 17% from 2Q 2023). Profit margin: 30% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₱2.56, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 97% over the past three years.Reported Earnings • Apr 26First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ₱1.33b (down 16% from 1Q 2023). Net income: ₱382.2m (down 27% from 1Q 2023). Profit margin: 29% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 13Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC).Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC) on March 11, 2024. The transaction was approved by the Board of Directors of Belle Corporation. First Metro Investment Corporation acted as fairness opinion provider for Belle Corporation.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 52%After last week's 52% share price gain to ₱1.92, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 37% over the past three years.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₱0.20 (vs ₱0.15 in FY 2022)Full year 2023 results: EPS: ₱0.20 (up from ₱0.15 in FY 2022). Revenue: ₱5.60b (up 7.2% from FY 2022). Net income: ₱1.88b (up 35% from FY 2022). Profit margin: 34% (up from 27% in FY 2022). The increase in margin was primarily driven by higher revenue. 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 8% per year, which means it is significantly lagging earnings.お知らせ • Feb 29Belle Corporation, Annual General Meeting, Apr 22, 2024Belle Corporation, Annual General Meeting, Apr 22, 2024.Reported Earnings • Oct 28Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₱1.37b (down 5.5% from 3Q 2022). Net income: ₱499.0m (up 25% from 3Q 2022). Profit margin: 36% (up from 28% in 3Q 2022). The increase in margin was driven by lower expenses.Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: ₱0.27 (vs ₱0.056 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.27. Revenue: ₱1.35b (down 11% from 2Q 2022). Net income: ₱513.8m (down 5.9% from 2Q 2022). Profit margin: 38% (up from 36% in 2Q 2022). The increase in margin was driven by lower expenses.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: ₱0.054 (vs ₱0.044 in 1Q 2022)First quarter 2023 results: EPS: ₱0.054 (up from ₱0.044 in 1Q 2022). Revenue: ₱1.58b (up 21% from 1Q 2022). Net income: ₱521.5m (up 23% from 1Q 2022). Profit margin: 33% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: ₱0.15 (vs ₱0.061 in FY 2021)Full year 2022 results: EPS: ₱0.15 (up from ₱0.061 in FY 2021). Revenue: ₱5.42b (up 62% from FY 2021). Net income: ₱1.40b (up 142% from FY 2021). Profit margin: 26% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Jan 27Belle Corporation, Annual General Meeting, Apr 24, 2023Belle Corporation, Annual General Meeting, Apr 24, 2023, at 14:00 Singapore Standard Time. Agenda: To consider Call to Order; to consider Proof of Notice of Meeting and Quorum; to consider approval of the Minutes of the Annual Meeting of Stockholders held on April 28, 2022; to consider approval of 2022 Operations and Results; to consider ratification of all Acts of the Board of Directors and Management during their term of office; to consider election of Directors for 2023-2024; to consider appointment of External Auditors; and to consider other Matters.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Joseph Tan Chua was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: ₱400.9m (up ₱806.0m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Oct 12Executive Chairman recently bought ₱9.8m worth of stockOn the 11th of October, Willy Ocier bought around 9m shares on-market at roughly ₱1.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱11m worth in shares.Buying Opportunity • Sep 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be ₱1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Earnings per share has declined by 58%.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: ₱0.056 (vs ₱0.043 loss in 2Q 2021)Second quarter 2022 results: EPS: ₱0.056 (up from ₱0.043 loss in 2Q 2021). Revenue: ₱1.51b (up 78% from 2Q 2021). Net income: ₱546.3m (up ₱767.6m from 2Q 2021). Profit margin: 36% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.お知らせ • Jul 29Belle Corporation Announces Director ChangesBelle Corporation announced that Mr. Joseph Tan Chua was elected as one of the Independent Directors of the Company replacing Mr. Jaime J. Bautista. Date of appointment is July 28, 2022. Mr. Joseph T. Chua, 66, is currently the Chairman of the Board of JF Rubber Philippines Corporation. He was a director of Macroasia Corporation since 1997 and was its President and COO from December 2015 until his retirement in 2021. He was also a director of PAL Holdings Inc., LTG Inc., Eton Properties Philippines Inc., Philippine National Bank and PNB General Insurers Co. Inc. He was likewise the President of Goodwind Development Corporation (Guam) from 2013 to 2021. He graduated from the Dela Salle University with double degrees in AB Economics and BS Business Management in 1978. He completed his Masters in Business Administration at the University of Southern California in 1981.お知らせ • Jun 30Belle Corporation Announces Resignation of Jaime J. Bautista A Independent DirectorsBelle Corporation announced that Mr. Jaime J. Bautista a independent directors, has tendered his resignation as such effective June 29, 2022. Mr. Bautista is expected to be formally appointed as Secretary of the Department of Transportation when the incoming President Ferdinand Marcos, Jr. assumes office tomorrow, June 30, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Maria Gracia Pulido-Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₱0.061 (down from ₱0.11 in FY 2020). Revenue: ₱3.42b (down 16% from FY 2020). Net income: ₱577.0m (down 42% from FY 2020). Profit margin: 17% (down from 25% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 85%, compared to a 26% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.お知らせ • Feb 25+ 1 more updateBelle Corporation Appoints Armin Antonio B. Raquel Santos as Member of the Executive CommitteeBelle Corporation announced the appointment of Mr. Armin Antonio B. Raquel Santos, Business Unit Head for Integrated Resorts, as one of the members of the Executive Committee effective February 24, 2022, as approved by the Board of Directors during its meeting held on February 24, 2022. Mr. Raquel Santos is the Executive Vice President Integrated Resorts of Belle Corporation, President, Chief Executive Officer, and a member of the Executive Committee and Compensation and Remuneration Committee of Premium Leisure Corp. He is likewise the President and CEO of Premium Leisure and Amusement Inc.Reported Earnings • Nov 01Third quarter 2021 earnings released: ₱0.12 loss per share (vs ₱0.015 profit in 3Q 2020)Third quarter 2021 results: Revenue: -₱269.4m (down 131% from 3Q 2020). Net loss: ₱405.2m (down 361% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱1.24b (up 121% from 2Q 2020). Net income: ₱207.7m (up ₱446.1m from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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.Executive Departure • Jul 06Independent Director Gregorio Kilayko has left the companyOn the 25th of June, Gregorio Kilayko's tenure as Independent Director ended after 18.2 years in the role. As of March 2021, Gregorio still personally held only 1.00 share (₱1.0 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years.Executive Departure • Jul 06Lead Independent Director Cesar E. Virata has left the companyOn the 25th of June, Cesar E. Virata's tenure as Lead Independent Director ended after 4.2 years in the role. As of March 2021, Cesar E. still personally held only 1.00 share (₱1.0 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years.Executive Departure • Jul 06Chairperson Emilio de Quiros has left the companyOn the 25th of June, Emilio de Quiros' tenure as Chairperson ended after 10.7 years in the role. As of March 2021, Emilio still personally held only 50.00k shares (₱74k worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years.Recent Insider Transactions • May 21Executive Chairman recently bought ₱487k worth of stockOn the 19th of May, Willy Ocier bought around 362k shares on-market at roughly ₱1.35 per share. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱9.4m worth in shares.Reported Earnings • May 15First quarter 2021 earnings released: EPS ₱0.33 (vs ₱0.053 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱1.30b (down 6.5% from 1Q 2020). Net income: ₱744.1m (up 43% from 1Q 2020). Profit margin: 57% (up from 38% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 27% per year.Price Target Changed • Apr 21Price target increased to ₱1.45Up from ₱1.30, the current price target is provided by 1 analyst. New target price is 8.2% below last closing price of ₱1.58. Stock is up 21% over the past year.Reported Earnings • Apr 20Full year 2020 earnings released: EPS ₱0.11 (vs ₱0.28 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱4.17b (down 43% from FY 2019). Net income: ₱1.00b (down 62% from FY 2019). Profit margin: 24% (down from 35% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Executive Departure • Mar 27Corporate Secretary has left the companyOn the 26th of March, A. Bayani Tan's tenure as Corporate Secretary ended after 26.9 years in the role. As of December 2020, A. Bayani personally held only 347.34k shares (₱594k worth at the time). A total of 3 executives have left over the last 12 months.Is New 90 Day High Low • Mar 11New 90-day low: ₱1.52The company is down 8.0% from its price of ₱1.66 on 11 December 2020. The Filipino market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period.お知らせ • Feb 22Belle Corporation Announces Resignation of Ricardo L. Moldez as DirectorBelle Corporation announced that Atty. Ricardo L. Moldez has tendered his resignation as member of the Board of Directors, Corporate Social Responsibility Committee, and Environmental and Social Committee, effective February 19, 2021.Executive Departure • Feb 22Non-Executive Director has left the companyOn the 19th of February, Ricardo Moldez's tenure as Non-Executive Director ended after 1.7 years in the role. As of December 2020, Ricardo personally held only 1.00 share (₱1.0 worth at the time). A total of 2 executives have left over the last 12 months.Recent Insider Transactions • Feb 19Chairman recently bought ₱252k worth of stockOn the 17th of February, Willy Ocier bought around 150k shares on-market at roughly ₱1.68 per share. In the last 3 months, they made an even bigger purchase worth ₱891k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱11m worth in shares.Recent Insider Transactions • Jan 26Chairman recently bought ₱167k worth of stockOn the 22nd of January, Willy Ocier bought around 100k shares on-market at roughly ₱1.67 per share. In the last 3 months, they made an even bigger purchase worth ₱1.5m. Willy has been a buyer over the last 12 months, purchasing a net total of ₱11m worth in shares.お知らせ • Dec 19Belle Corporation, Annual General Meeting, Apr 26, 2021Belle Corporation, Annual General Meeting, Apr 26, 2021, at 14:00 Singapore Standard Time.Is New 90 Day High Low • Dec 14New 90-day high: ₱1.74The company is up 27% from its price of ₱1.37 on 16 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 32% over the same period.Recent Insider Transactions • Nov 25Chairman recently bought ₱168k worth of stockOn the 24th of November, Willy Ocier bought around 105k shares on-market at roughly ₱1.60 per share. In the last 3 months, they made an even bigger purchase worth ₱1.5m. Willy has been a buyer over the last 12 months, purchasing a net total of ₱16m worth in shares.Recent Insider Transactions • Nov 11Chairman recently bought ₱57k worth of stockOn the 9th of November, Willy Ocier bought around 38k shares on-market at roughly ₱1.50 per share. In the last 3 months, they made an even bigger purchase worth ₱1.5m. Willy has been a buyer over the last 12 months, purchasing a net total of ₱17m worth in shares.Is New 90 Day High Low • Nov 06New 90-day high: ₱1.50The company is up 9.0% from its price of ₱1.37 on 07 August 2020. The Filipino market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period.Recent Insider Transactions • Nov 06Chairman recently bought ₱1.5m worth of stockOn the 30th of October, Willy Ocier bought around 1m shares on-market at roughly ₱1.38 per share. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱19m worth in shares.Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₱433.6m, down 84% from the prior year. Total revenue was ₱4.62b over the last 12 months, down 40% from the prior year.Is New 90 Day High Low • Oct 22New 90-day high: ₱1.40The company is up 3.0% from its price of ₱1.36 on 24 July 2020. The Filipino market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period.株主還元BELPH Real EstatePH 市場7D0.8%-1.3%-1.7%1Y-17.0%-15.5%-10.8%株主還元を見る業界別リターン: BEL過去 1 年間で-15.5 % の収益を上げたPH Real Estate業界を下回りました。リターン対市場: BELは、過去 1 年間で-10.8 % のリターンを上げたPH市場を下回りました。価格変動Is BEL's price volatile compared to industry and market?BEL volatilityBEL Average Weekly Movement4.8%Real Estate Industry Average Movement5.8%Market Average Movement5.2%10% most volatile stocks in PH Market10.4%10% least volatile stocks in PH Market2.8%安定した株価: BEL 、 PH市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: BELの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1973n/aArmin Antonio Raquel-Santoswww.bellecorp.comベル・コーポレーションはフィリピン国内外で不動産開発事業に従事している。また、不動産管理、ゲーミングおよびゲーミング関連事業も行っている。高所得の個人および法人を顧客としている。以前はベル・リソーシズとして知られ、1994年にベル・コーポレーションに社名変更。1973年に法人化され、フィリピンのパサイ市に本社を置く。もっと見るBelle Corporation 基礎のまとめBelle の収益と売上を時価総額と比較するとどうか。BEL 基礎統計学時価総額₱12.96b収益（TTM）₱2.16b売上高(TTM)₱5.29b6.1xPER（株価収益率2.5xP/SレシオBEL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計BEL 損益計算書（TTM）収益₱5.29b売上原価₱2.00b売上総利益₱3.29bその他の費用₱1.14b収益₱2.16b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.22グロス・マージン62.21%純利益率40.75%有利子負債／自己資本比率13.2%BEL の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.5%現在の配当利回り28%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 08:44終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Belle Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Michael BeerCitigroup IncLeo Benedict VenezuelaCLSAMichael BengsonDeutsche Bank1 その他のアナリストを表示
Reported Earnings • Apr 28First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₱1.42b (up 8.9% from 1Q 2025). Net income: ₱510.0m (up 14% from 1Q 2025). Profit margin: 36% (up from 34% in 1Q 2025). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ₱0.22 (vs ₱0.25 in FY 2024)Full year 2025 results: EPS: ₱0.22 (down from ₱0.25 in FY 2024). Revenue: ₱5.29b (down 7.0% from FY 2024). Net income: ₱2.10b (down 10% from FY 2024). Profit margin: 40% (down from 41% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 01Dividend of ₱0.06 announcedDividend of ₱0.06 is the same as last year. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 28Belle Corporation announces Annual dividend, payable on March 27, 2026Belle Corporation announced Annual dividend of PHP 0.0600 per share payable on March 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.
お知らせ • Feb 27Belle Corporation, Annual General Meeting, Apr 27, 2026Belle Corporation, Annual General Meeting, Apr 27, 2026, at 13:30 W. Australia Standard Time. Location: hybrid meeting (please see description), Philippines
Recent Insider Transactions • Jan 08Non-Executive Chairman recently bought ₱254k worth of stockOn the 6th of January, Willy Ocier bought around 193k shares on-market at roughly ₱1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱274k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱2.1m worth in shares.
Reported Earnings • Apr 28First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₱1.42b (up 8.9% from 1Q 2025). Net income: ₱510.0m (up 14% from 1Q 2025). Profit margin: 36% (up from 34% in 1Q 2025). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ₱0.22 (vs ₱0.25 in FY 2024)Full year 2025 results: EPS: ₱0.22 (down from ₱0.25 in FY 2024). Revenue: ₱5.29b (down 7.0% from FY 2024). Net income: ₱2.10b (down 10% from FY 2024). Profit margin: 40% (down from 41% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 01Dividend of ₱0.06 announcedDividend of ₱0.06 is the same as last year. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 28Belle Corporation announces Annual dividend, payable on March 27, 2026Belle Corporation announced Annual dividend of PHP 0.0600 per share payable on March 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.
お知らせ • Feb 27Belle Corporation, Annual General Meeting, Apr 27, 2026Belle Corporation, Annual General Meeting, Apr 27, 2026, at 13:30 W. Australia Standard Time. Location: hybrid meeting (please see description), Philippines
Recent Insider Transactions • Jan 08Non-Executive Chairman recently bought ₱254k worth of stockOn the 6th of January, Willy Ocier bought around 193k shares on-market at roughly ₱1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱274k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱2.1m worth in shares.
Recent Insider Transactions • Dec 19Non-Executive Chairman recently bought ₱274k worth of stockOn the 16th of December, Willy Ocier bought around 208k shares on-market at roughly ₱1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱1.8m worth in shares.
Reported Earnings • Nov 01Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₱1.40b (up 2.4% from 3Q 2024). Net income: ₱534.9m (down 18% from 3Q 2024). Profit margin: 38% (down from 47% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Oct 02Non-Executive Chairman recently bought ₱78k worth of stockOn the 30th of September, Willy Ocier bought around 50k shares on-market at roughly ₱1.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱718k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱1.5m worth in shares.
New Risk • Sep 20New 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 7.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change).
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₱1.69, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total returns to shareholders of 66% over the past three years.
Recent Insider Transactions • Sep 16Non-Executive Chairman recently bought ₱718k worth of stockOn the 12th of September, Willy Ocier bought around 536k shares on-market at roughly ₱1.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱1.5m worth in shares.
Recent Insider Transactions • Aug 15Non-Executive Chairman recently bought ₱571k worth of stockOn the 13th of August, Willy Ocier bought around 410k shares on-market at roughly ₱1.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱753k worth in shares.
Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₱1.17b (down 16% from 2Q 2024). Net income: ₱330.8m (down 22% from 2Q 2024). Profit margin: 28% (down from 30% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jul 17Non-Executive Chairman recently bought ₱182k worth of stockOn the 15th of July, Willy Ocier bought around 120k shares on-market at roughly ₱1.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Willy's only on-market trade for the last 12 months.
Recent Insider Transactions • May 23Non-Executive Chairman recently bought ₱150k worth of stockOn the 19th of May, Willy Ocier bought around 100k shares on-market at roughly ₱1.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Willy's only on-market trade for the last 12 months.
Recent Insider Transactions • May 15Non-Executive Chairman recently bought ₱294k worth of stockOn the 13th of May, Willy Ocier bought around 200k shares on-market at roughly ₱1.47 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Willy's only on-market trade for the last 12 months.
Reported Earnings • Apr 30First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₱1.27b (down 4.9% from 1Q 2024). Net income: ₱448.3m (up 17% from 1Q 2024). Profit margin: 35% (up from 29% in 1Q 2024). The increase in margin was driven by lower expenses.
New Risk • Mar 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ₱0.25 (vs ₱0.20 in FY 2023)Full year 2024 results: EPS: ₱0.25 (up from ₱0.20 in FY 2023). Revenue: ₱5.89b (up 7.3% from FY 2023). Net income: ₱2.33b (up 24% from FY 2023). Profit margin: 40% (up from 34% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 24+ 1 more updateBelle Corporation, Annual General Meeting, Apr 28, 2025Belle Corporation, Annual General Meeting, Apr 28, 2025, at 14:00 W. Australia Standard Time. Location: hybrid meeting (please see description), Philippines
お知らせ • Jan 23Anna Josefina G. Esteban Resigns as Chief Audit Executive of Belle Corporation, Effective from February 10, 2025Belle Corporation announced that Ms. Anna Josefina G. Esteban has tendered her resignation as the Corporation's Chief Audit Executive (CAE) effective close of business of February 10, 2025. Reason(s) for Resignation/Cessation: Personal reasons.
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₱1.37b (flat on 3Q 2023). Net income: ₱650.8m (up 30% from 3Q 2023). Profit margin: 47% (up from 36% in 3Q 2023).
Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₱1.40b (up 3.9% from 2Q 2023). Net income: ₱425.6m (down 17% from 2Q 2023). Profit margin: 30% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₱2.56, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 97% over the past three years.
Reported Earnings • Apr 26First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ₱1.33b (down 16% from 1Q 2023). Net income: ₱382.2m (down 27% from 1Q 2023). Profit margin: 29% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 13Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC).Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC) on March 11, 2024. The transaction was approved by the Board of Directors of Belle Corporation. First Metro Investment Corporation acted as fairness opinion provider for Belle Corporation.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 52%After last week's 52% share price gain to ₱1.92, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 37% over the past three years.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₱0.20 (vs ₱0.15 in FY 2022)Full year 2023 results: EPS: ₱0.20 (up from ₱0.15 in FY 2022). Revenue: ₱5.60b (up 7.2% from FY 2022). Net income: ₱1.88b (up 35% from FY 2022). Profit margin: 34% (up from 27% in FY 2022). The increase in margin was primarily driven by higher revenue. 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 8% per year, which means it is significantly lagging earnings.
お知らせ • Feb 29Belle Corporation, Annual General Meeting, Apr 22, 2024Belle Corporation, Annual General Meeting, Apr 22, 2024.
Reported Earnings • Oct 28Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: ₱1.37b (down 5.5% from 3Q 2022). Net income: ₱499.0m (up 25% from 3Q 2022). Profit margin: 36% (up from 28% in 3Q 2022). The increase in margin was driven by lower expenses.
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: ₱0.27 (vs ₱0.056 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.27. Revenue: ₱1.35b (down 11% from 2Q 2022). Net income: ₱513.8m (down 5.9% from 2Q 2022). Profit margin: 38% (up from 36% in 2Q 2022). The increase in margin was driven by lower expenses.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: ₱0.054 (vs ₱0.044 in 1Q 2022)First quarter 2023 results: EPS: ₱0.054 (up from ₱0.044 in 1Q 2022). Revenue: ₱1.58b (up 21% from 1Q 2022). Net income: ₱521.5m (up 23% from 1Q 2022). Profit margin: 33% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: ₱0.15 (vs ₱0.061 in FY 2021)Full year 2022 results: EPS: ₱0.15 (up from ₱0.061 in FY 2021). Revenue: ₱5.42b (up 62% from FY 2021). Net income: ₱1.40b (up 142% from FY 2021). Profit margin: 26% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 27Belle Corporation, Annual General Meeting, Apr 24, 2023Belle Corporation, Annual General Meeting, Apr 24, 2023, at 14:00 Singapore Standard Time. Agenda: To consider Call to Order; to consider Proof of Notice of Meeting and Quorum; to consider approval of the Minutes of the Annual Meeting of Stockholders held on April 28, 2022; to consider approval of 2022 Operations and Results; to consider ratification of all Acts of the Board of Directors and Management during their term of office; to consider election of Directors for 2023-2024; to consider appointment of External Auditors; and to consider other Matters.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Joseph Tan Chua was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: ₱400.9m (up ₱806.0m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Oct 12Executive Chairman recently bought ₱9.8m worth of stockOn the 11th of October, Willy Ocier bought around 9m shares on-market at roughly ₱1.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱11m worth in shares.
Buying Opportunity • Sep 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be ₱1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Earnings per share has declined by 58%.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: ₱0.056 (vs ₱0.043 loss in 2Q 2021)Second quarter 2022 results: EPS: ₱0.056 (up from ₱0.043 loss in 2Q 2021). Revenue: ₱1.51b (up 78% from 2Q 2021). Net income: ₱546.3m (up ₱767.6m from 2Q 2021). Profit margin: 36% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 29Belle Corporation Announces Director ChangesBelle Corporation announced that Mr. Joseph Tan Chua was elected as one of the Independent Directors of the Company replacing Mr. Jaime J. Bautista. Date of appointment is July 28, 2022. Mr. Joseph T. Chua, 66, is currently the Chairman of the Board of JF Rubber Philippines Corporation. He was a director of Macroasia Corporation since 1997 and was its President and COO from December 2015 until his retirement in 2021. He was also a director of PAL Holdings Inc., LTG Inc., Eton Properties Philippines Inc., Philippine National Bank and PNB General Insurers Co. Inc. He was likewise the President of Goodwind Development Corporation (Guam) from 2013 to 2021. He graduated from the Dela Salle University with double degrees in AB Economics and BS Business Management in 1978. He completed his Masters in Business Administration at the University of Southern California in 1981.
お知らせ • Jun 30Belle Corporation Announces Resignation of Jaime J. Bautista A Independent DirectorsBelle Corporation announced that Mr. Jaime J. Bautista a independent directors, has tendered his resignation as such effective June 29, 2022. Mr. Bautista is expected to be formally appointed as Secretary of the Department of Transportation when the incoming President Ferdinand Marcos, Jr. assumes office tomorrow, June 30, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Maria Gracia Pulido-Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₱0.061 (down from ₱0.11 in FY 2020). Revenue: ₱3.42b (down 16% from FY 2020). Net income: ₱577.0m (down 42% from FY 2020). Profit margin: 17% (down from 25% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 85%, compared to a 26% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 25+ 1 more updateBelle Corporation Appoints Armin Antonio B. Raquel Santos as Member of the Executive CommitteeBelle Corporation announced the appointment of Mr. Armin Antonio B. Raquel Santos, Business Unit Head for Integrated Resorts, as one of the members of the Executive Committee effective February 24, 2022, as approved by the Board of Directors during its meeting held on February 24, 2022. Mr. Raquel Santos is the Executive Vice President Integrated Resorts of Belle Corporation, President, Chief Executive Officer, and a member of the Executive Committee and Compensation and Remuneration Committee of Premium Leisure Corp. He is likewise the President and CEO of Premium Leisure and Amusement Inc.
Reported Earnings • Nov 01Third quarter 2021 earnings released: ₱0.12 loss per share (vs ₱0.015 profit in 3Q 2020)Third quarter 2021 results: Revenue: -₱269.4m (down 131% from 3Q 2020). Net loss: ₱405.2m (down 361% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱1.24b (up 121% from 2Q 2020). Net income: ₱207.7m (up ₱446.1m from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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.
Executive Departure • Jul 06Independent Director Gregorio Kilayko has left the companyOn the 25th of June, Gregorio Kilayko's tenure as Independent Director ended after 18.2 years in the role. As of March 2021, Gregorio still personally held only 1.00 share (₱1.0 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years.
Executive Departure • Jul 06Lead Independent Director Cesar E. Virata has left the companyOn the 25th of June, Cesar E. Virata's tenure as Lead Independent Director ended after 4.2 years in the role. As of March 2021, Cesar E. still personally held only 1.00 share (₱1.0 worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years.
Executive Departure • Jul 06Chairperson Emilio de Quiros has left the companyOn the 25th of June, Emilio de Quiros' tenure as Chairperson ended after 10.7 years in the role. As of March 2021, Emilio still personally held only 50.00k shares (₱74k worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years.
Recent Insider Transactions • May 21Executive Chairman recently bought ₱487k worth of stockOn the 19th of May, Willy Ocier bought around 362k shares on-market at roughly ₱1.35 per share. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱9.4m worth in shares.
Reported Earnings • May 15First quarter 2021 earnings released: EPS ₱0.33 (vs ₱0.053 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱1.30b (down 6.5% from 1Q 2020). Net income: ₱744.1m (up 43% from 1Q 2020). Profit margin: 57% (up from 38% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 27% per year.
Price Target Changed • Apr 21Price target increased to ₱1.45Up from ₱1.30, the current price target is provided by 1 analyst. New target price is 8.2% below last closing price of ₱1.58. Stock is up 21% over the past year.
Reported Earnings • Apr 20Full year 2020 earnings released: EPS ₱0.11 (vs ₱0.28 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱4.17b (down 43% from FY 2019). Net income: ₱1.00b (down 62% from FY 2019). Profit margin: 24% (down from 35% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Executive Departure • Mar 27Corporate Secretary has left the companyOn the 26th of March, A. Bayani Tan's tenure as Corporate Secretary ended after 26.9 years in the role. As of December 2020, A. Bayani personally held only 347.34k shares (₱594k worth at the time). A total of 3 executives have left over the last 12 months.
Is New 90 Day High Low • Mar 11New 90-day low: ₱1.52The company is down 8.0% from its price of ₱1.66 on 11 December 2020. The Filipino market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period.
お知らせ • Feb 22Belle Corporation Announces Resignation of Ricardo L. Moldez as DirectorBelle Corporation announced that Atty. Ricardo L. Moldez has tendered his resignation as member of the Board of Directors, Corporate Social Responsibility Committee, and Environmental and Social Committee, effective February 19, 2021.
Executive Departure • Feb 22Non-Executive Director has left the companyOn the 19th of February, Ricardo Moldez's tenure as Non-Executive Director ended after 1.7 years in the role. As of December 2020, Ricardo personally held only 1.00 share (₱1.0 worth at the time). A total of 2 executives have left over the last 12 months.
Recent Insider Transactions • Feb 19Chairman recently bought ₱252k worth of stockOn the 17th of February, Willy Ocier bought around 150k shares on-market at roughly ₱1.68 per share. In the last 3 months, they made an even bigger purchase worth ₱891k. Willy has been a buyer over the last 12 months, purchasing a net total of ₱11m worth in shares.
Recent Insider Transactions • Jan 26Chairman recently bought ₱167k worth of stockOn the 22nd of January, Willy Ocier bought around 100k shares on-market at roughly ₱1.67 per share. In the last 3 months, they made an even bigger purchase worth ₱1.5m. Willy has been a buyer over the last 12 months, purchasing a net total of ₱11m worth in shares.
お知らせ • Dec 19Belle Corporation, Annual General Meeting, Apr 26, 2021Belle Corporation, Annual General Meeting, Apr 26, 2021, at 14:00 Singapore Standard Time.
Is New 90 Day High Low • Dec 14New 90-day high: ₱1.74The company is up 27% from its price of ₱1.37 on 16 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 32% over the same period.
Recent Insider Transactions • Nov 25Chairman recently bought ₱168k worth of stockOn the 24th of November, Willy Ocier bought around 105k shares on-market at roughly ₱1.60 per share. In the last 3 months, they made an even bigger purchase worth ₱1.5m. Willy has been a buyer over the last 12 months, purchasing a net total of ₱16m worth in shares.
Recent Insider Transactions • Nov 11Chairman recently bought ₱57k worth of stockOn the 9th of November, Willy Ocier bought around 38k shares on-market at roughly ₱1.50 per share. In the last 3 months, they made an even bigger purchase worth ₱1.5m. Willy has been a buyer over the last 12 months, purchasing a net total of ₱17m worth in shares.
Is New 90 Day High Low • Nov 06New 90-day high: ₱1.50The company is up 9.0% from its price of ₱1.37 on 07 August 2020. The Filipino market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period.
Recent Insider Transactions • Nov 06Chairman recently bought ₱1.5m worth of stockOn the 30th of October, Willy Ocier bought around 1m shares on-market at roughly ₱1.38 per share. This was the largest purchase by an insider in the last 3 months. Willy has been a buyer over the last 12 months, purchasing a net total of ₱19m worth in shares.
Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of ₱433.6m, down 84% from the prior year. Total revenue was ₱4.62b over the last 12 months, down 40% from the prior year.
Is New 90 Day High Low • Oct 22New 90-day high: ₱1.40The company is up 3.0% from its price of ₱1.36 on 24 July 2020. The Filipino market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period.
