View ValuationApex Mining 향후 성장Future 기준 점검 6/6Apex Mining (는) 각각 연간 30% 및 24.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 25.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 34.6% 로 예상됩니다.핵심 정보30.0%이익 성장률25.20%EPS 성장률Metals and Mining 이익 성장24.5%매출 성장률24.1%향후 자기자본이익률34.60%애널리스트 커버리지Low마지막 업데이트18 Mar 2026최근 향후 성장 업데이트Price Target Changed • Feb 04Price target increased by 52% to ₱22.00Up from ₱14.50, the current price target is provided by 1 analyst. New target price is 63% above last closing price of ₱13.46. Stock is up 220% over the past year. The company is forecast to post earnings per share of ₱1.26 for next year compared to ₱0.76 last year.공지 • Oct 13Apex Mining Co., Inc. Announces Operational Update Following the Magnitude 7.4 EarthquakeApex Mining Co., Inc. announced that Following the magnitude 7.4 earthquake that struck offshore near Manay, Davao Oriental in eastern Mindanao on October 10 at around 9:43am, Apex Mining Company (APX) employees evacuated the underground and surface work areas to muster points in its Maco mine site in Davao De Oro. After careful assessment by the resident engineers and safety officers, no significant damage in major infrastructures and no injuries were reported; underground and mill operations resumed. After a series of aftershocks, the Office of the Governor, on the night of October 10, 2025, ordered a temporary suspension of all mining operations in the Province of Davao De Oro. The suspension remains in effect until a thorough assessment has been conducted by the Mines and Geosciences Bureau (MGB), Provincial Disaster Risk and Reduction Management Office (PDRRMO), and other concerned agencies. Resumption of operations shall only be allowed upon issuances of clearance by proper authorities. APX immediately complied with the order and ceased mining and milling activities except for activities that would ensure safety such as pumping the water underground to avoid flooding and ensuring proper ventilation; only those ores in the mill area were processed. On October 11, 2025, the MGB Region XI and PDRRMO inspected the Maco mine site. APX is awaiting the results of said audit and clearance to resume full operations, as of this reporting time.Major Estimate Revision • Sep 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱18.4b to ₱19.6b. EPS estimate increased from ₱0.992 to ₱1.11 per share. Net income forecast to grow 27% next year vs 36% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱8.00 to ₱9.70. Share price rose 12% to ₱8.35 over the past week.Major Estimate Revision • Aug 22Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₱0.893 to ₱0.992. Revenue forecast unchanged at ₱18.4b. Net income forecast to grow 8.5% next year vs 35% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱7.00 to ₱8.00. Share price fell 3.6% to ₱6.19 over the past week.Major Estimate Revision • Mar 30Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱15.5b to ₱18.4b. EPS estimate increased from ₱0.804 to ₱0.893 per share. Net income forecast to grow 29% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱5.10 to ₱5.80. Share price rose 2.8% to ₱5.09 over the past week.Price Target Changed • Oct 20Price target increased by 20% to ₱4.80Up from ₱4.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₱4.11. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₱0.61 for next year compared to ₱0.60 last year.모든 업데이트 보기Recent updates공지 • May 04Apex Mining Co., Inc. Appoints Jose Joel M. Sebastian as DirectorApex Mining Co., Inc. at its Annual Stockholders held on April 30, 2026 elected Jose Joel M. Sebastian as director.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱18.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 643% over the past three years.Upcoming Dividend • Apr 07Upcoming dividend of ₱0.62 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 18% and the cash payout ratio is 80%. Trailing yield: 4.0%. Lower than top quartile of Filipino dividend payers (6.6%). Lower than average of industry peers (5.7%).New Risk • Apr 05New 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. This is currently the only risk that has been identified for the company.New Risk • Mar 29New 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: 4.3% 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. 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 (11% average weekly change).Reported Earnings • Mar 26Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₱1.35 (up from ₱0.76 in FY 2024). Revenue: ₱21.3b (up 47% from FY 2024). Net income: ₱7.66b (up 77% from FY 2024). Profit margin: 36% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.8%. Revenue is forecast to grow 22% 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 increased by 31% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Mar 23Now 26% undervaluedOver the last 90 days, the stock has risen 3.9% to ₱12.80. The fair value is estimated to be ₱17.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 109% in the next 2 years.Declared Dividend • Mar 19Dividend increased to ₱0.62Dividend of ₱0.62 is 343% higher than last year. Ex-date: 14th April 2026 Payment date: 27th April 2026 Dividend yield will be 4.4%, which is lower than the industry average of 5.7%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 41%.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱15.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Metals and Mining industry in Asia. Total returns to shareholders of 754% over the past three years.공지 • Feb 19Apex Mining Co., Inc., Annual General Meeting, Apr 30, 2026Apex Mining Co., Inc., Annual General Meeting, Apr 30, 2026, at 15:00 W. Australia Standard Time.Price Target Changed • Feb 04Price target increased by 52% to ₱22.00Up from ₱14.50, the current price target is provided by 1 analyst. New target price is 63% above last closing price of ₱13.46. Stock is up 220% over the past year. The company is forecast to post earnings per share of ₱1.26 for next year compared to ₱0.76 last year.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ₱12.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Metals and Mining industry in Asia. Total returns to shareholders of 564% over the past three years.Board Change • Jan 13Less 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. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Valentino Bagatsing was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공지 • Oct 13Apex Mining Co., Inc. Announces Operational Update Following the Magnitude 7.4 EarthquakeApex Mining Co., Inc. announced that Following the magnitude 7.4 earthquake that struck offshore near Manay, Davao Oriental in eastern Mindanao on October 10 at around 9:43am, Apex Mining Company (APX) employees evacuated the underground and surface work areas to muster points in its Maco mine site in Davao De Oro. After careful assessment by the resident engineers and safety officers, no significant damage in major infrastructures and no injuries were reported; underground and mill operations resumed. After a series of aftershocks, the Office of the Governor, on the night of October 10, 2025, ordered a temporary suspension of all mining operations in the Province of Davao De Oro. The suspension remains in effect until a thorough assessment has been conducted by the Mines and Geosciences Bureau (MGB), Provincial Disaster Risk and Reduction Management Office (PDRRMO), and other concerned agencies. Resumption of operations shall only be allowed upon issuances of clearance by proper authorities. APX immediately complied with the order and ceased mining and milling activities except for activities that would ensure safety such as pumping the water underground to avoid flooding and ensuring proper ventilation; only those ores in the mill area were processed. On October 11, 2025, the MGB Region XI and PDRRMO inspected the Maco mine site. APX is awaiting the results of said audit and clearance to resume full operations, as of this reporting time.Major Estimate Revision • Sep 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱18.4b to ₱19.6b. EPS estimate increased from ₱0.992 to ₱1.11 per share. Net income forecast to grow 27% next year vs 36% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱8.00 to ₱9.70. Share price rose 12% to ₱8.35 over the past week.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₱7.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 375% over the past three years.Major Estimate Revision • Aug 22Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₱0.893 to ₱0.992. Revenue forecast unchanged at ₱18.4b. Net income forecast to grow 8.5% next year vs 35% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱7.00 to ₱8.00. Share price fell 3.6% to ₱6.19 over the past week.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ₱0.30 (vs ₱0.16 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.30 (up from ₱0.16 in 2Q 2024). Revenue: ₱5.00b (up 50% from 2Q 2024). Net income: ₱1.71b (up 91% from 2Q 2024). Profit margin: 34% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Jun 06Corporate Secretary recently sold ₱12m worth of stockOn the 30th of May, Silverio Benny Tan sold around 2m shares on-market at roughly ₱6.79 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱11m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₱6.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Metals and Mining industry in Asia. Total returns to shareholders of 360% over the past three years.New Risk • May 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 8.2% 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.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ₱7.26 (vs ₱0.15 in 1Q 2024)First quarter 2025 results: EPS: ₱7.26 (up from ₱0.15 in 1Q 2024). Revenue: ₱4.50b (up 35% from 1Q 2024). Net income: ₱1.45b (up 68% from 1Q 2024). Profit margin: 32% (up from 26% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₱6.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 356% over the past three years.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱5.77, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 274% over the past three years.Major Estimate Revision • Mar 30Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱15.5b to ₱18.4b. EPS estimate increased from ₱0.804 to ₱0.893 per share. Net income forecast to grow 29% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱5.10 to ₱5.80. Share price rose 2.8% to ₱5.09 over the past week.Upcoming Dividend • Mar 27Upcoming dividend of ₱0.14 per shareEligible shareholders must have bought the stock before 03 April 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Filipino dividend payers (6.6%). Lower than average of industry peers (5.2%).New Risk • Mar 22New 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: 2.8% 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 • Mar 21Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₱0.76 (up from ₱0.60 in FY 2023). Revenue: ₱15.1b (up 31% from FY 2023). Net income: ₱4.33b (up 27% from FY 2023). Profit margin: 29% (in line with FY 2023). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.공지 • Mar 18+ 1 more updateApex Mining Co., Inc., Annual General Meeting, Apr 30, 2025Apex Mining Co., Inc., Annual General Meeting, Apr 30, 2025, at 15:00 W. Australia Standard Time.공지 • Dec 09Apex Mining Co., Inc. Announces Promotion of Billy G. Torres to SVP - Chief Finance OfficerApex Mining Co., Inc. announced promotion of Billy G. Torres from VP - Finance, Treasurer and Compliance Officer to SVP - Chief Finance Officer. Effective date is October 1, 2024.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.23 (vs ₱0.18 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.23 (up from ₱0.18 in 3Q 2023). Revenue: ₱3.90b (up 34% from 3Q 2023). Net income: ₱1.31b (up 27% from 3Q 2023). Profit margin: 34% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% 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 increased by 41% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 20Price target increased by 20% to ₱4.80Up from ₱4.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₱4.11. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₱0.61 for next year compared to ₱0.60 last year.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ₱0.18 (vs ₱0.13 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.18 (up from ₱0.13 in 2Q 2023). Revenue: ₱3.47b (up 16% from 2Q 2023). Net income: ₱1.03b (up 41% from 2Q 2023). Profit margin: 30% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 43% per year.Major Estimate Revision • May 14Consensus EPS estimates fall by 22%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₱12.6b to ₱13.2b. EPS estimate fell from ₱0.819 to ₱0.64 per share. Net income forecast to grow 7.1% next year vs 30% growth forecast for Metals and Mining industry in Philippines. Consensus price target down from ₱4.00 to ₱3.90. Share price rose 12% to ₱4.15 over the past week.Reported Earnings • May 08First quarter 2024 earnings released: EPS: ₱0.15 (vs ₱0.097 in 1Q 2023)First quarter 2024 results: EPS: ₱0.15 (up from ₱0.097 in 1Q 2023). Revenue: ₱3.38b (up 37% from 1Q 2023). Net income: ₱852.8m (up 55% from 1Q 2023). Profit margin: 25% (up from 22% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 25Upcoming dividend of ₱0.081 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Filipino dividend payers (6.0%). Lower than average of industry peers (4.3%).Declared Dividend • Apr 18Dividend of ₱0.081 announcedShareholders will receive a dividend of ₱0.081. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 2.8%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 74% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 17Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₱0.60 (up from ₱0.59 in FY 2022). Revenue: ₱12.1b (up 22% from FY 2022). Net income: ₱3.41b (up 2.0% from FY 2022). Profit margin: 28% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 1.8% 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 increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.공지 • Apr 17Apex Mining Co., Inc. Approves Special Cash Dividend, Payable on May 15, 2024Apex Mining Co., Inc. announced that at its board meeting held on April 15, 2024, the board of directors of the company approved the declaration of a special cash dividend in the amount of PHP 0.027278 per common share. The cash dividend is payable on May 15, 2024 to stockholders of record holding shares of APX common stock at the close of business on April 30, 2024.공지 • Mar 11Apex Mining Co., Inc., Annual General Meeting, May 31, 2024Apex Mining Co., Inc., Annual General Meeting, May 31, 2024, at 15:00 Singapore Standard Time. Agenda: To consider the Call to order; to consider the Certification of notice and quorum; to consider the Approval of the Minutes of the Stockholders' Meeting held on 28 April 2023; to consider the Report of the President and Chief Executive Officer; to consider the Approval of Audited Financial Statements for 2023; to consider the Ratification of all acts, contracts, investments and resolutions of the Board of Directors and Management since the last annual stockholders' meeting; to consider the Election of Directors; and to discuss other matters.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ₱0.18 (vs ₱0.16 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.18 (up from ₱0.16 in 3Q 2022). Revenue: ₱3.04b (up 15% from 3Q 2022). Net income: ₱1.03b (up 14% from 3Q 2022). Profit margin: 34% (in line with 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: ₱0.15 (vs ₱0.16 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.15 (down from ₱0.16 in 2Q 2022). Revenue: ₱2.99b (up 23% from 2Q 2022). Net income: ₱848.4m (down 7.6% from 2Q 2022). Profit margin: 28% (down from 38% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공지 • Jul 13Apex Mining Co., Inc. Announces Board ChangesApex Mining Co., Inc. announced the Election of Mr. Roel Z. Castro as a member of the Board of Directors of APX to fill the vacancy in the Board when Dr. Walter Brown declined another term in the Board. The appointment will be effective from July 12, 2023. Mr. Roel Z. Castro Mr. Roel Z. Castro is the President and Chief Operating Officer of MORE Electric and Power Corporation. Previously, he was the President and CEO of ABrown Company Inc. (ABCI), President of Palm Thermal Consolidated Holdings Corp., Palm Concepcion Power Corp., Peakpower Energy Inc. and Hydro Link Power Corp. He was a former director in APX.He finished BS Agricultural Business from UP Los Baños and Master's Degree at Asian Institute of Management.Reported Earnings • May 13First quarter 2023 earnings released: EPS: ₱0.097 (vs ₱0.11 in 1Q 2022)First quarter 2023 results: EPS: ₱0.097 (down from ₱0.11 in 1Q 2022). Revenue: ₱2.58b (up 20% from 1Q 2022). Net income: ₱549.0m (down 15% from 1Q 2022). Profit margin: 21% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% 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 53% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 03Upcoming dividend of ₱0.054 per share at 2.2% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (5.2%).Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₱2.99, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 217% over the past three years.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱2.65, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Metals and Mining industry in Philippines. Total returns to shareholders of 187% over the past three years.Reported Earnings • Mar 23Full year 2022 earnings released: EPS: ₱0.59 (vs ₱0.14 in FY 2021)Full year 2022 results: EPS: ₱0.59 (up from ₱0.14 in FY 2021). Revenue: ₱9.91b (up 39% from FY 2021). Net income: ₱3.34b (up 316% from FY 2021). Profit margin: 34% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 91.072 troy koz (74.334 troy koz in FY 2021) Proved and probable reserves (ore): 5.748 Mt (5.748 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Silver Production: 377.73 troy koz (358.67 troy koz in FY 2021) Number of mines: 1 (1 in FY 2021) Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.공지 • Jan 24+ 1 more updateApex Mining Co., Inc. Announces Retirement of Mr. Gil A. Marvilla as SVP for Project DevelopmentApex Mining Co., Inc. announced retirement of Mr. Gil A. Marvilla as SVP for Project Development, Effective Date of Resignation Jan/23/2023.Valuation Update With 7 Day Price Move • Jan 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₱2.08, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 94% over the past three years.Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₱1.87, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 7x in the Metals and Mining industry in Philippines. Total returns to shareholders of 92% over the past three years.공지 • Dec 07Apex Mining Co., Inc. (PSE:APX) intends to acquire Asia- Alliance Mining Resources Corp. from Clariden Holdings, Inc.and othersApex Mining Co., Inc. (PSE:APX) intends to acquire Asia- Alliance Mining Resources Corp.(AAMRC) from Clariden Holdings, Inc.and others for $81.5 million on December 2, 2022. Others sellers include Simon L. Paz, Leo Atayde, Marie Paz Tacorda, Anabelle Dera, and Irene Escueta. Under the terms, Apex Mining Co will acquire 1.9 million shares of Asia- Alliance Mining Resources representing 100% stale in Asia- Alliance Mining at a purchase price of $ 42.8947 per share. $5.5 million will be paid upon signing of the Share Purchase Agreement and $76 million will be paid paid in 4 equal annual installment over the next 5 years. Transaction has been approved by Apex Mining board of directors. Share Purchase Agreement is scheduled to be signed on December 5, 2022. Transaction will help APX to expand its mining operations in Maco, Davao De Oro and provide APX with a suitable site for a new Tailings Storage Facility (TSF) that it needs to sustain and expand its mining operation beyond the limited lifespan of its current TSF. Transaction is subject to Sellers (as disclosed above) settlement of AAMRC’s litigation over the NDMC Claims with PMDC, including the filing of the Joint Motion for Approval of Compromise Agreement by PMDC and AAMRC with the Court of Appeals (CA) and Regional Trial Court(RTC) of Pasig City, Branch 167, Execution of a Joint Operating Agreement under which AAMRC shall explore, develop and operate the NDMC mining claims, Assignment to AAMRC of application FTAA-XI-14 by PMDC, Approval by PMDC of the transfer of the Shares from Sellers to APX and Execution of the Deeds of Absolute Sale for the Shares.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₱0.16 (vs ₱0.084 loss in 3Q 2021)Third quarter 2022 results: EPS: ₱0.16 (up from ₱0.084 loss in 3Q 2021). Revenue: ₱2.74b (up 50% from 3Q 2021). Net income: ₱898.1m (up ₱1.38b from 3Q 2021). Profit margin: 33% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Valentino Bagatsing was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ₱0.16 (vs ₱0.037 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.16 (up from ₱0.037 in 2Q 2021). Revenue: ₱2.43b (up 65% from 2Q 2021). Net income: ₱917.8m (up 337% from 2Q 2021). Profit margin: 38% (up from 14% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공지 • Aug 15+ 1 more updateApex Mining Co., Inc. Approves New Dividend PolicyApex Mining Co., Inc. at its board meeting held on August 12, 2022, approved a new dividend policy to declare as cash dividend an amount equivalent to 10% of the net income of the Company per its consolidated audited financial statement for each year provided there is sufficient unrestricted retained earnings to cover the cash dividends.Reported Earnings • May 04Full year 2021 earnings released: EPS: ₱0.14 (vs ₱0.27 in FY 2020)Full year 2021 results: EPS: ₱0.14 (down from ₱0.27 in FY 2020). Revenue: ₱7.41b (up 22% from FY 2020). Net income: ₱803.1m (down 48% from FY 2020). Profit margin: 11% (down from 25% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Valentino Bagatsing was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공지 • Apr 14Apex Mining Co., Inc., Annual General Meeting, Jun 30, 2022Apex Mining Co., Inc., Annual General Meeting, Jun 30, 2022, at 15:00 Singapore Standard Time. Agenda: To consider approval of the Minutes of the Stockholders' Meeting held on June 30, 2021 and Report of the President and Chief Executive Officer; to consider approval of Audited Financial Statements for 2021; to consider ratification of all acts, contracts, investments and resolutions of the Board of Directors and Management since the last annual stockholders' meeting; to consider election of Directors; to consider appointment of External Auditors; to consider similar matters.공지 • Apr 13Apex Mining Co., Inc. Announces Board ChangesApex Mining Co., Inc. announced the appointment of Mr. JOSE EDUARDO ALARILLA as the new committee chairman and appointment of Mr. MICHAEL RAY AQUINO as a member to fill-in the vacancy in the committee. Appointment of Mr. STEPHEN PARADIES as the new committee chairman, replacing Mr. JOSE EDUARDO ALARILLA.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₱1.99, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 9x in the Metals and Mining industry in Philippines. Total returns to shareholders of 37% over the past three years.Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₱1.61, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 6x in the Metals and Mining industry in Philippines. Total loss to shareholders of 4.7% over the past three years.공지 • Dec 30Prime Strategic Holdings Inc made an offer to acquire additional 59.7% stake in Apex Mining Co., Inc. (PSE:APX) from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion.Prime Strategic Holdings Inc made an offer to acquire additional 35.5% stake in Apex Mining Co., Inc. (PSE:APX) from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion on December 29, 2021. As per the transaction, Prime Strategic Holdings Inc made the offer to acquire 2.2 billion shares at PHP 1.30 per share. The transaction is subject to certain conditions as agreed between the parties. The offer period will commence from February 14, 2022 to March 14, 2022.Recent Insider Transactions • Dec 16Corporate Secretary recently sold ₱8.2m worth of stockOn the 7th of December, Silverio Benny Tan sold around 6m shares on-market at roughly ₱1.36 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Nov 15Third quarter 2021 earnings released: ₱0.084 loss per share (vs ₱0.12 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₱1.91b (down 24% from 3Q 2020). Net loss: ₱478.9m (down 171% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Executive Departure • Sep 23Chairman of the Board Ramon Sy has left the companyOn the 16th of September, Ramon Sy's tenure as Chairman of the Board ended. As of June 2021, Ramon still personally held 44.60m shares (₱71m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.25 years.Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS ₱0.037 (vs ₱0.034 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱1.54b (up 103% from 2Q 2020). Net income: ₱210.0m (up 9.1% from 2Q 2020). Profit margin: 14% (down from 25% in 2Q 2020). The decrease in margin was 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 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 23Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱6.32b (up 33% from FY 2019). Net income: ₱1.53b (up 401% from FY 2019). Profit margin: 24% (up from 6.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 09New 90-day low: ₱1.48The company is down 18% from its price of ₱1.81 on 09 December 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 31% over the same period.Is New 90 Day High Low • Jan 21New 90-day low: ₱1.67The company is down 10.0% from its price of ₱1.86 on 23 October 2020. The Filipino market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 78% over the same period.Reported Earnings • Nov 18Third quarter 2020 earnings released: EPS ₱0.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱2.59b (up 113% from 3Q 2019). Net income: ₱679.6m (up 356% from 3Q 2019). Profit margin: 26% (up from 12% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 16Market bids up stock over the past weekAfter last week's 31% share price gain to ₱2.09, the stock is trading at a trailing P/E ratio of 21.9x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 13x in the Metals and Mining industry in Philippines. Total returns to shareholders over the past three years are 22%.Is New 90 Day High Low • Oct 16New 90-day high: ₱2.09The company is up 73% from its price of ₱1.21 on 17 July 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 35% over the same period.공지 • Sep 02Apex Mining Co's Ordinary Shares to Be Delisted from Other OTCApex Mining Co., Inc. (PSE:APX)'s Ordinary shares will be delisted from other OTC on August 26, 2020 due to Inactive Security.이익 및 매출 성장 예측PSE:APX - 애널리스트 향후 추정치 및 과거 재무 데이터 (PHP Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202733,94114,5664,52416,008112/31/202629,29112,3331,38412,979112/31/202520,5207,6644,3848,734N/A9/30/202519,0366,7081,9096,271N/A6/30/202517,0045,8643,1726,949N/A3/31/202515,5324,9512,6286,777N/A12/31/202414,5394,3252,1355,524N/A9/30/202413,6254,1712,4355,569N/A6/30/202412,7963,8908013,919N/A3/31/202412,4583,7232,0644,894N/A12/31/202311,5963,4092,2375,217N/A9/30/202311,0903,1868913,281N/A6/30/202310,8073,0572,0624,343N/A3/31/202310,2453,2436262,887N/A12/31/20229,9073,3426302,873N/A9/30/20229,5233,2542,0384,385N/A6/30/20228,7151,8779002,974N/A3/31/20227,7611,1721,0933,263N/A12/31/20217,1148039972,761N/A9/30/20216,4385514291,561N/A6/30/20217,1251,7106952,112N/A3/31/20216,4051,6921,2622,257N/A12/31/20206,0521,5337532,102N/A9/30/20205,6891,0702432,241N/A6/30/20204,403540-9021,121N/A3/31/20204,690350-6371,275N/A12/31/20194,767306-936970N/A9/30/20194,409139N/A1,311N/A6/30/20194,475102N/A1,693N/A3/31/20194,565195N/A1,760N/A12/31/20184,458240N/A2,231N/A9/30/20184,689451N/A1,581N/A6/30/20184,378466N/A1,090N/A3/31/20184,185449N/A1,219N/A12/31/20174,038428N/A691N/A9/30/20173,720338N/A1,626N/A6/30/20173,718369N/A1,794N/A3/31/20173,650386N/A1,393N/A12/31/20163,450326N/A1,506N/A9/30/20163,268292N/A-1,063N/A6/30/20162,878129N/A-1,032N/A3/31/20162,49818N/A444N/A12/31/20152,38178N/A-1,152N/A9/30/20152,27960N/A4,077N/A6/30/20152,171-18N/A3,844N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: APX 의 연간 예상 수익 증가율(30%)이 saving rate(6%)보다 높습니다.수익 vs 시장: APX 의 연간 수익(30%)이 PH 시장(9.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: APX 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: APX 의 수익(연간 24.1%)이 PH 시장(연간 8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: APX 의 수익(연간 24.1%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: APX의 자본 수익률은 3년 후 34.6%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/06 08:28종가2026/05/06 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Apex Mining Co., Inc.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Amos OngCLSA
Price Target Changed • Feb 04Price target increased by 52% to ₱22.00Up from ₱14.50, the current price target is provided by 1 analyst. New target price is 63% above last closing price of ₱13.46. Stock is up 220% over the past year. The company is forecast to post earnings per share of ₱1.26 for next year compared to ₱0.76 last year.
공지 • Oct 13Apex Mining Co., Inc. Announces Operational Update Following the Magnitude 7.4 EarthquakeApex Mining Co., Inc. announced that Following the magnitude 7.4 earthquake that struck offshore near Manay, Davao Oriental in eastern Mindanao on October 10 at around 9:43am, Apex Mining Company (APX) employees evacuated the underground and surface work areas to muster points in its Maco mine site in Davao De Oro. After careful assessment by the resident engineers and safety officers, no significant damage in major infrastructures and no injuries were reported; underground and mill operations resumed. After a series of aftershocks, the Office of the Governor, on the night of October 10, 2025, ordered a temporary suspension of all mining operations in the Province of Davao De Oro. The suspension remains in effect until a thorough assessment has been conducted by the Mines and Geosciences Bureau (MGB), Provincial Disaster Risk and Reduction Management Office (PDRRMO), and other concerned agencies. Resumption of operations shall only be allowed upon issuances of clearance by proper authorities. APX immediately complied with the order and ceased mining and milling activities except for activities that would ensure safety such as pumping the water underground to avoid flooding and ensuring proper ventilation; only those ores in the mill area were processed. On October 11, 2025, the MGB Region XI and PDRRMO inspected the Maco mine site. APX is awaiting the results of said audit and clearance to resume full operations, as of this reporting time.
Major Estimate Revision • Sep 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱18.4b to ₱19.6b. EPS estimate increased from ₱0.992 to ₱1.11 per share. Net income forecast to grow 27% next year vs 36% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱8.00 to ₱9.70. Share price rose 12% to ₱8.35 over the past week.
Major Estimate Revision • Aug 22Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₱0.893 to ₱0.992. Revenue forecast unchanged at ₱18.4b. Net income forecast to grow 8.5% next year vs 35% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱7.00 to ₱8.00. Share price fell 3.6% to ₱6.19 over the past week.
Major Estimate Revision • Mar 30Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱15.5b to ₱18.4b. EPS estimate increased from ₱0.804 to ₱0.893 per share. Net income forecast to grow 29% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱5.10 to ₱5.80. Share price rose 2.8% to ₱5.09 over the past week.
Price Target Changed • Oct 20Price target increased by 20% to ₱4.80Up from ₱4.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₱4.11. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₱0.61 for next year compared to ₱0.60 last year.
공지 • May 04Apex Mining Co., Inc. Appoints Jose Joel M. Sebastian as DirectorApex Mining Co., Inc. at its Annual Stockholders held on April 30, 2026 elected Jose Joel M. Sebastian as director.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱18.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 643% over the past three years.
Upcoming Dividend • Apr 07Upcoming dividend of ₱0.62 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 18% and the cash payout ratio is 80%. Trailing yield: 4.0%. Lower than top quartile of Filipino dividend payers (6.6%). Lower than average of industry peers (5.7%).
New Risk • Apr 05New 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. This is currently the only risk that has been identified for the company.
New Risk • Mar 29New 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: 4.3% 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. 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 (11% average weekly change).
Reported Earnings • Mar 26Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₱1.35 (up from ₱0.76 in FY 2024). Revenue: ₱21.3b (up 47% from FY 2024). Net income: ₱7.66b (up 77% from FY 2024). Profit margin: 36% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.8%. Revenue is forecast to grow 22% 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 increased by 31% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Mar 23Now 26% undervaluedOver the last 90 days, the stock has risen 3.9% to ₱12.80. The fair value is estimated to be ₱17.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 109% in the next 2 years.
Declared Dividend • Mar 19Dividend increased to ₱0.62Dividend of ₱0.62 is 343% higher than last year. Ex-date: 14th April 2026 Payment date: 27th April 2026 Dividend yield will be 4.4%, which is lower than the industry average of 5.7%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 41%.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₱15.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Metals and Mining industry in Asia. Total returns to shareholders of 754% over the past three years.
공지 • Feb 19Apex Mining Co., Inc., Annual General Meeting, Apr 30, 2026Apex Mining Co., Inc., Annual General Meeting, Apr 30, 2026, at 15:00 W. Australia Standard Time.
Price Target Changed • Feb 04Price target increased by 52% to ₱22.00Up from ₱14.50, the current price target is provided by 1 analyst. New target price is 63% above last closing price of ₱13.46. Stock is up 220% over the past year. The company is forecast to post earnings per share of ₱1.26 for next year compared to ₱0.76 last year.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ₱12.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Metals and Mining industry in Asia. Total returns to shareholders of 564% over the past three years.
Board Change • Jan 13Less 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. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Valentino Bagatsing was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공지 • Oct 13Apex Mining Co., Inc. Announces Operational Update Following the Magnitude 7.4 EarthquakeApex Mining Co., Inc. announced that Following the magnitude 7.4 earthquake that struck offshore near Manay, Davao Oriental in eastern Mindanao on October 10 at around 9:43am, Apex Mining Company (APX) employees evacuated the underground and surface work areas to muster points in its Maco mine site in Davao De Oro. After careful assessment by the resident engineers and safety officers, no significant damage in major infrastructures and no injuries were reported; underground and mill operations resumed. After a series of aftershocks, the Office of the Governor, on the night of October 10, 2025, ordered a temporary suspension of all mining operations in the Province of Davao De Oro. The suspension remains in effect until a thorough assessment has been conducted by the Mines and Geosciences Bureau (MGB), Provincial Disaster Risk and Reduction Management Office (PDRRMO), and other concerned agencies. Resumption of operations shall only be allowed upon issuances of clearance by proper authorities. APX immediately complied with the order and ceased mining and milling activities except for activities that would ensure safety such as pumping the water underground to avoid flooding and ensuring proper ventilation; only those ores in the mill area were processed. On October 11, 2025, the MGB Region XI and PDRRMO inspected the Maco mine site. APX is awaiting the results of said audit and clearance to resume full operations, as of this reporting time.
Major Estimate Revision • Sep 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱18.4b to ₱19.6b. EPS estimate increased from ₱0.992 to ₱1.11 per share. Net income forecast to grow 27% next year vs 36% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱8.00 to ₱9.70. Share price rose 12% to ₱8.35 over the past week.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₱7.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 375% over the past three years.
Major Estimate Revision • Aug 22Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₱0.893 to ₱0.992. Revenue forecast unchanged at ₱18.4b. Net income forecast to grow 8.5% next year vs 35% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱7.00 to ₱8.00. Share price fell 3.6% to ₱6.19 over the past week.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ₱0.30 (vs ₱0.16 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.30 (up from ₱0.16 in 2Q 2024). Revenue: ₱5.00b (up 50% from 2Q 2024). Net income: ₱1.71b (up 91% from 2Q 2024). Profit margin: 34% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Jun 06Corporate Secretary recently sold ₱12m worth of stockOn the 30th of May, Silverio Benny Tan sold around 2m shares on-market at roughly ₱6.79 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱11m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₱6.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Metals and Mining industry in Asia. Total returns to shareholders of 360% over the past three years.
New Risk • May 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 8.2% 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.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ₱7.26 (vs ₱0.15 in 1Q 2024)First quarter 2025 results: EPS: ₱7.26 (up from ₱0.15 in 1Q 2024). Revenue: ₱4.50b (up 35% from 1Q 2024). Net income: ₱1.45b (up 68% from 1Q 2024). Profit margin: 32% (up from 26% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₱6.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 356% over the past three years.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱5.77, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 274% over the past three years.
Major Estimate Revision • Mar 30Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from ₱15.5b to ₱18.4b. EPS estimate increased from ₱0.804 to ₱0.893 per share. Net income forecast to grow 29% next year vs 33% growth forecast for Metals and Mining industry in Philippines. Consensus price target up from ₱5.10 to ₱5.80. Share price rose 2.8% to ₱5.09 over the past week.
Upcoming Dividend • Mar 27Upcoming dividend of ₱0.14 per shareEligible shareholders must have bought the stock before 03 April 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Filipino dividend payers (6.6%). Lower than average of industry peers (5.2%).
New Risk • Mar 22New 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: 2.8% 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 • Mar 21Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₱0.76 (up from ₱0.60 in FY 2023). Revenue: ₱15.1b (up 31% from FY 2023). Net income: ₱4.33b (up 27% from FY 2023). Profit margin: 29% (in line with FY 2023). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Mar 18+ 1 more updateApex Mining Co., Inc., Annual General Meeting, Apr 30, 2025Apex Mining Co., Inc., Annual General Meeting, Apr 30, 2025, at 15:00 W. Australia Standard Time.
공지 • Dec 09Apex Mining Co., Inc. Announces Promotion of Billy G. Torres to SVP - Chief Finance OfficerApex Mining Co., Inc. announced promotion of Billy G. Torres from VP - Finance, Treasurer and Compliance Officer to SVP - Chief Finance Officer. Effective date is October 1, 2024.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.23 (vs ₱0.18 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.23 (up from ₱0.18 in 3Q 2023). Revenue: ₱3.90b (up 34% from 3Q 2023). Net income: ₱1.31b (up 27% from 3Q 2023). Profit margin: 34% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% 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 increased by 41% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 20Price target increased by 20% to ₱4.80Up from ₱4.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₱4.11. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₱0.61 for next year compared to ₱0.60 last year.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ₱0.18 (vs ₱0.13 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.18 (up from ₱0.13 in 2Q 2023). Revenue: ₱3.47b (up 16% from 2Q 2023). Net income: ₱1.03b (up 41% from 2Q 2023). Profit margin: 30% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 43% per year.
Major Estimate Revision • May 14Consensus EPS estimates fall by 22%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₱12.6b to ₱13.2b. EPS estimate fell from ₱0.819 to ₱0.64 per share. Net income forecast to grow 7.1% next year vs 30% growth forecast for Metals and Mining industry in Philippines. Consensus price target down from ₱4.00 to ₱3.90. Share price rose 12% to ₱4.15 over the past week.
Reported Earnings • May 08First quarter 2024 earnings released: EPS: ₱0.15 (vs ₱0.097 in 1Q 2023)First quarter 2024 results: EPS: ₱0.15 (up from ₱0.097 in 1Q 2023). Revenue: ₱3.38b (up 37% from 1Q 2023). Net income: ₱852.8m (up 55% from 1Q 2023). Profit margin: 25% (up from 22% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 25Upcoming dividend of ₱0.081 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Filipino dividend payers (6.0%). Lower than average of industry peers (4.3%).
Declared Dividend • Apr 18Dividend of ₱0.081 announcedShareholders will receive a dividend of ₱0.081. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 2.8%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 74% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 17Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₱0.60 (up from ₱0.59 in FY 2022). Revenue: ₱12.1b (up 22% from FY 2022). Net income: ₱3.41b (up 2.0% from FY 2022). Profit margin: 28% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 1.8% 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 increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
공지 • Apr 17Apex Mining Co., Inc. Approves Special Cash Dividend, Payable on May 15, 2024Apex Mining Co., Inc. announced that at its board meeting held on April 15, 2024, the board of directors of the company approved the declaration of a special cash dividend in the amount of PHP 0.027278 per common share. The cash dividend is payable on May 15, 2024 to stockholders of record holding shares of APX common stock at the close of business on April 30, 2024.
공지 • Mar 11Apex Mining Co., Inc., Annual General Meeting, May 31, 2024Apex Mining Co., Inc., Annual General Meeting, May 31, 2024, at 15:00 Singapore Standard Time. Agenda: To consider the Call to order; to consider the Certification of notice and quorum; to consider the Approval of the Minutes of the Stockholders' Meeting held on 28 April 2023; to consider the Report of the President and Chief Executive Officer; to consider the Approval of Audited Financial Statements for 2023; to consider the Ratification of all acts, contracts, investments and resolutions of the Board of Directors and Management since the last annual stockholders' meeting; to consider the Election of Directors; and to discuss other matters.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ₱0.18 (vs ₱0.16 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.18 (up from ₱0.16 in 3Q 2022). Revenue: ₱3.04b (up 15% from 3Q 2022). Net income: ₱1.03b (up 14% from 3Q 2022). Profit margin: 34% (in line with 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: ₱0.15 (vs ₱0.16 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.15 (down from ₱0.16 in 2Q 2022). Revenue: ₱2.99b (up 23% from 2Q 2022). Net income: ₱848.4m (down 7.6% from 2Q 2022). Profit margin: 28% (down from 38% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공지 • Jul 13Apex Mining Co., Inc. Announces Board ChangesApex Mining Co., Inc. announced the Election of Mr. Roel Z. Castro as a member of the Board of Directors of APX to fill the vacancy in the Board when Dr. Walter Brown declined another term in the Board. The appointment will be effective from July 12, 2023. Mr. Roel Z. Castro Mr. Roel Z. Castro is the President and Chief Operating Officer of MORE Electric and Power Corporation. Previously, he was the President and CEO of ABrown Company Inc. (ABCI), President of Palm Thermal Consolidated Holdings Corp., Palm Concepcion Power Corp., Peakpower Energy Inc. and Hydro Link Power Corp. He was a former director in APX.He finished BS Agricultural Business from UP Los Baños and Master's Degree at Asian Institute of Management.
Reported Earnings • May 13First quarter 2023 earnings released: EPS: ₱0.097 (vs ₱0.11 in 1Q 2022)First quarter 2023 results: EPS: ₱0.097 (down from ₱0.11 in 1Q 2022). Revenue: ₱2.58b (up 20% from 1Q 2022). Net income: ₱549.0m (down 15% from 1Q 2022). Profit margin: 21% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% 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 53% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 03Upcoming dividend of ₱0.054 per share at 2.2% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (5.2%).
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₱2.99, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 217% over the past three years.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱2.65, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Metals and Mining industry in Philippines. Total returns to shareholders of 187% over the past three years.
Reported Earnings • Mar 23Full year 2022 earnings released: EPS: ₱0.59 (vs ₱0.14 in FY 2021)Full year 2022 results: EPS: ₱0.59 (up from ₱0.14 in FY 2021). Revenue: ₱9.91b (up 39% from FY 2021). Net income: ₱3.34b (up 316% from FY 2021). Profit margin: 34% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 91.072 troy koz (74.334 troy koz in FY 2021) Proved and probable reserves (ore): 5.748 Mt (5.748 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Silver Production: 377.73 troy koz (358.67 troy koz in FY 2021) Number of mines: 1 (1 in FY 2021) Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
공지 • Jan 24+ 1 more updateApex Mining Co., Inc. Announces Retirement of Mr. Gil A. Marvilla as SVP for Project DevelopmentApex Mining Co., Inc. announced retirement of Mr. Gil A. Marvilla as SVP for Project Development, Effective Date of Resignation Jan/23/2023.
Valuation Update With 7 Day Price Move • Jan 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₱2.08, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 8x in the Metals and Mining industry in Philippines. Total returns to shareholders of 94% over the past three years.
Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₱1.87, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 7x in the Metals and Mining industry in Philippines. Total returns to shareholders of 92% over the past three years.
공지 • Dec 07Apex Mining Co., Inc. (PSE:APX) intends to acquire Asia- Alliance Mining Resources Corp. from Clariden Holdings, Inc.and othersApex Mining Co., Inc. (PSE:APX) intends to acquire Asia- Alliance Mining Resources Corp.(AAMRC) from Clariden Holdings, Inc.and others for $81.5 million on December 2, 2022. Others sellers include Simon L. Paz, Leo Atayde, Marie Paz Tacorda, Anabelle Dera, and Irene Escueta. Under the terms, Apex Mining Co will acquire 1.9 million shares of Asia- Alliance Mining Resources representing 100% stale in Asia- Alliance Mining at a purchase price of $ 42.8947 per share. $5.5 million will be paid upon signing of the Share Purchase Agreement and $76 million will be paid paid in 4 equal annual installment over the next 5 years. Transaction has been approved by Apex Mining board of directors. Share Purchase Agreement is scheduled to be signed on December 5, 2022. Transaction will help APX to expand its mining operations in Maco, Davao De Oro and provide APX with a suitable site for a new Tailings Storage Facility (TSF) that it needs to sustain and expand its mining operation beyond the limited lifespan of its current TSF. Transaction is subject to Sellers (as disclosed above) settlement of AAMRC’s litigation over the NDMC Claims with PMDC, including the filing of the Joint Motion for Approval of Compromise Agreement by PMDC and AAMRC with the Court of Appeals (CA) and Regional Trial Court(RTC) of Pasig City, Branch 167, Execution of a Joint Operating Agreement under which AAMRC shall explore, develop and operate the NDMC mining claims, Assignment to AAMRC of application FTAA-XI-14 by PMDC, Approval by PMDC of the transfer of the Shares from Sellers to APX and Execution of the Deeds of Absolute Sale for the Shares.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₱0.16 (vs ₱0.084 loss in 3Q 2021)Third quarter 2022 results: EPS: ₱0.16 (up from ₱0.084 loss in 3Q 2021). Revenue: ₱2.74b (up 50% from 3Q 2021). Net income: ₱898.1m (up ₱1.38b from 3Q 2021). Profit margin: 33% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Valentino Bagatsing was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ₱0.16 (vs ₱0.037 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.16 (up from ₱0.037 in 2Q 2021). Revenue: ₱2.43b (up 65% from 2Q 2021). Net income: ₱917.8m (up 337% from 2Q 2021). Profit margin: 38% (up from 14% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공지 • Aug 15+ 1 more updateApex Mining Co., Inc. Approves New Dividend PolicyApex Mining Co., Inc. at its board meeting held on August 12, 2022, approved a new dividend policy to declare as cash dividend an amount equivalent to 10% of the net income of the Company per its consolidated audited financial statement for each year provided there is sufficient unrestricted retained earnings to cover the cash dividends.
Reported Earnings • May 04Full year 2021 earnings released: EPS: ₱0.14 (vs ₱0.27 in FY 2020)Full year 2021 results: EPS: ₱0.14 (down from ₱0.27 in FY 2020). Revenue: ₱7.41b (up 22% from FY 2020). Net income: ₱803.1m (down 48% from FY 2020). Profit margin: 11% (down from 25% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Valentino Bagatsing was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공지 • Apr 14Apex Mining Co., Inc., Annual General Meeting, Jun 30, 2022Apex Mining Co., Inc., Annual General Meeting, Jun 30, 2022, at 15:00 Singapore Standard Time. Agenda: To consider approval of the Minutes of the Stockholders' Meeting held on June 30, 2021 and Report of the President and Chief Executive Officer; to consider approval of Audited Financial Statements for 2021; to consider ratification of all acts, contracts, investments and resolutions of the Board of Directors and Management since the last annual stockholders' meeting; to consider election of Directors; to consider appointment of External Auditors; to consider similar matters.
공지 • Apr 13Apex Mining Co., Inc. Announces Board ChangesApex Mining Co., Inc. announced the appointment of Mr. JOSE EDUARDO ALARILLA as the new committee chairman and appointment of Mr. MICHAEL RAY AQUINO as a member to fill-in the vacancy in the committee. Appointment of Mr. STEPHEN PARADIES as the new committee chairman, replacing Mr. JOSE EDUARDO ALARILLA.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₱1.99, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 9x in the Metals and Mining industry in Philippines. Total returns to shareholders of 37% over the past three years.
Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₱1.61, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 6x in the Metals and Mining industry in Philippines. Total loss to shareholders of 4.7% over the past three years.
공지 • Dec 30Prime Strategic Holdings Inc made an offer to acquire additional 59.7% stake in Apex Mining Co., Inc. (PSE:APX) from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion.Prime Strategic Holdings Inc made an offer to acquire additional 35.5% stake in Apex Mining Co., Inc. (PSE:APX) from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion on December 29, 2021. As per the transaction, Prime Strategic Holdings Inc made the offer to acquire 2.2 billion shares at PHP 1.30 per share. The transaction is subject to certain conditions as agreed between the parties. The offer period will commence from February 14, 2022 to March 14, 2022.
Recent Insider Transactions • Dec 16Corporate Secretary recently sold ₱8.2m worth of stockOn the 7th of December, Silverio Benny Tan sold around 6m shares on-market at roughly ₱1.36 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Nov 15Third quarter 2021 earnings released: ₱0.084 loss per share (vs ₱0.12 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₱1.91b (down 24% from 3Q 2020). Net loss: ₱478.9m (down 171% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Executive Departure • Sep 23Chairman of the Board Ramon Sy has left the companyOn the 16th of September, Ramon Sy's tenure as Chairman of the Board ended. As of June 2021, Ramon still personally held 44.60m shares (₱71m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.25 years.
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS ₱0.037 (vs ₱0.034 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱1.54b (up 103% from 2Q 2020). Net income: ₱210.0m (up 9.1% from 2Q 2020). Profit margin: 14% (down from 25% in 2Q 2020). The decrease in margin was 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 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 23Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱6.32b (up 33% from FY 2019). Net income: ₱1.53b (up 401% from FY 2019). Profit margin: 24% (up from 6.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 09New 90-day low: ₱1.48The company is down 18% from its price of ₱1.81 on 09 December 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 31% over the same period.
Is New 90 Day High Low • Jan 21New 90-day low: ₱1.67The company is down 10.0% from its price of ₱1.86 on 23 October 2020. The Filipino market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 78% over the same period.
Reported Earnings • Nov 18Third quarter 2020 earnings released: EPS ₱0.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱2.59b (up 113% from 3Q 2019). Net income: ₱679.6m (up 356% from 3Q 2019). Profit margin: 26% (up from 12% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 16Market bids up stock over the past weekAfter last week's 31% share price gain to ₱2.09, the stock is trading at a trailing P/E ratio of 21.9x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 13x in the Metals and Mining industry in Philippines. Total returns to shareholders over the past three years are 22%.
Is New 90 Day High Low • Oct 16New 90-day high: ₱2.09The company is up 73% from its price of ₱1.21 on 17 July 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 35% over the same period.
공지 • Sep 02Apex Mining Co's Ordinary Shares to Be Delisted from Other OTCApex Mining Co., Inc. (PSE:APX)'s Ordinary shares will be delisted from other OTC on August 26, 2020 due to Inactive Security.