Belle (BEL) 주식 개요벨 코퍼레이션은 필리핀 및 국제적으로 부동산 개발 사업을 하고 있습니다. 자세히 보기BEL 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적2/6재무 건전성6/6배당3/6강점공정 가치 추정치보다 낮은 67.6% 에서 거래위험 분석불안정한 배당 실적모든 위험 점검 보기BEL 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% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture08b2016201920222025202620282031Revenue ₱8.1bEarnings ₱3.3bAdvancedSet Fair ValueView all narrativesBelle Corporation 경쟁사Vista Land & LifescapesSymbol: PSE:VLLMarket cap: ₱12.2bSta. Lucia LandSymbol: PSE:SLIMarket cap: ₱17.0bFilinvest LandSymbol: PSE:FLIMarket cap: ₱16.3bRockwell LandSymbol: PSE:ROCKMarket cap: ₱11.8b가격 이력 및 성과Belle 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가₱1.3252주 최고가₱1.9752주 최저가₱1.20베타0.431개월 변동-2.22%3개월 변동-3.65%1년 변동-16.98%3년 변동11.86%5년 변동-7.04%IPO 이후 변동16.47%최근 뉴스 및 업데이트Reported 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.공시 • 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.공시 • 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.더 많은 업데이트 보기Recent 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.공시 • 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.공시 • 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.공시 • 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), Philippines공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.주주 수익률BELPH Real EstatePH 시장7D0.8%-1.3%-1.7%1Y-17.0%-15.5%-10.8%전체 주주 수익률 보기수익률 대 산업: BEL은 지난 1년 동안 -15.5%의 수익을 기록한 PH Real Estate 산업보다 저조한 성과를 냈습니다.수익률 대 시장: BEL은 지난 1년 동안 -10.8%를 기록한 PH 시장보다 저조한 성과를 냈습니다.주가 변동성Is 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%안정적인 주가: BEL는 지난 3개월 동안 PH 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: BEL의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1973n/aArmin Antonio Raquel-Santoswww.bellecorp.com벨 코퍼레이션은 필리핀 및 국제적으로 부동산 개발 사업을 하고 있습니다. 이 회사는 또한 부동산 관리, 게임 및 게임 관련 활동에도 종사하고 있습니다. 고소득 개인과 기업을 대상으로 서비스를 제공합니다.더 보기Belle Corporation 기초 지표 요약Belle의 순이익과 매출은 시가총액과 어떻게 비교됩니까?BEL 기초 통계시가총액₱12.96b순이익 (TTM)₱2.16b매출 (TTM)₱5.29b6.1x주가수익비율(P/E)2.5x주가매출비율(P/S)BEL는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표BEL 손익계산서 (TTM)매출₱5.29b매출원가₱2.00b총이익₱3.29b기타 비용₱1.14b순이익₱2.16b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.22총이익률62.21%순이익률40.75%부채/자본 비율13.2%BEL의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당4.5%현재 배당 수익률28%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 12:31종가2026/05/22 00:00수익2026/03/31연간 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 소스Belle Corporation는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael BeerCitigroup IncLeo Benedict VenezuelaCLSAMichael BengsonDeutsche Bank1명의 분석가 더 보기
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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
