View Financial HealthPAL Holdings 배당 및 자사주 매입배당 기준 점검 0/6PAL Holdings 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Apr 30New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.New Risk • Apr 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 07Full year 2025 earnings releasedFull year 2025 results: Revenue: ₱183.8b (up 3.3% from FY 2024). Net income: ₱9.62b (up 37% from FY 2024). Profit margin: 5.2% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue.공시 • Feb 10PAL Holdings, Inc., Annual General Meeting, Jun 01, 2026PAL Holdings, Inc., Annual General Meeting, Jun 01, 2026.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ₱0.051 (vs ₱0.042 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.051 (up from ₱0.042 in 3Q 2024). Revenue: ₱42.7b (up 2.8% from 3Q 2024). Net income: ₱1.37b (up 74% from 3Q 2024). Profit margin: 3.2% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.New Risk • Aug 03New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: ₱0.12 (vs ₱0.088 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.12 (up from ₱0.088 in 2Q 2024). Revenue: ₱46.4b (up 2.8% from 2Q 2024). Net income: ₱3.33b (up 41% from 2Q 2024). Profit margin: 7.2% (up from 5.2% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.공시 • May 30PAL Holdings, Inc. Approves Election of Kyle Ellis C. Tan as DirectorPAL Holdings, Inc. announced at annual stockholders meeting of the company held 29 May 2025, the shareholders elected Kyle Ellis C. Tan as director of the company.New Risk • Apr 26New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (28% accrual ratio). Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (4.3% net profit margin).New Risk • Mar 30New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin).Reported Earnings • Mar 30Full year 2024 earnings released: EPS: ₱0.31 (vs ₱1.45 in FY 2023)Full year 2024 results: EPS: ₱0.31 (down from ₱1.45 in FY 2023). Revenue: ₱178.0b (flat on FY 2023). Net income: ₱7.02b (down 58% from FY 2023). Profit margin: 3.9% (down from 9.4% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.공시 • Feb 25PAL Holdings, Inc., Annual General Meeting, May 29, 2025PAL Holdings, Inc., Annual General Meeting, May 29, 2025, at 14:00 W. Australia Standard Time. Location: via zoom application, PhilippinesNew Risk • Jan 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin).Valuation Update With 7 Day Price Move • Nov 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱5.20, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Airlines industry in Asia. Negligible returns to shareholders over past year.Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ₱0.042 (vs ₱0.37 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.042 (down from ₱0.37 in 3Q 2023). Revenue: ₱41.5b (down 12% from 3Q 2023). Net income: ₱789.8m (down 82% from 3Q 2023). Profit margin: 1.9% (down from 9.1% in 3Q 2023). The decrease in margin was driven by lower revenue.New Risk • Aug 10New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 110% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risk High level of debt (110% net debt to equity).Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ₱0.088 (vs ₱0.54 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.088 (down from ₱0.54 in 2Q 2023). Revenue: ₱45.1b (flat on 2Q 2023). Net income: ₱2.37b (down 62% from 2Q 2023). Profit margin: 5.2% (down from 14% in 2Q 2023).New Risk • May 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 131% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Reported Earnings • May 02First quarter 2024 earnings released: EPS: ₱0.31 (vs ₱0.40 in 1Q 2023)First quarter 2024 results: EPS: ₱0.31 (down from ₱0.40 in 1Q 2023). Revenue: ₱45.8b (up 8.5% from 1Q 2023). Net income: ₱3.60b (down 23% from 1Q 2023). Profit margin: 7.9% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Apr 02New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 165% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 02Full year 2023 earnings released: EPS: ₱1.45 (vs ₱0.70 in FY 2022)Full year 2023 results: EPS: ₱1.45 (up from ₱0.70 in FY 2022). Revenue: ₱179.1b (up 29% from FY 2022). Net income: ₱16.8b (up 106% from FY 2022). Profit margin: 9.4% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Feb 26PAL Holdings, Inc., Annual General Meeting, May 30, 2024PAL Holdings, Inc., Annual General Meeting, May 30, 2024, at 06:00 Coordinated Universal Time.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₱0.37 (vs ₱0.28 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.37 (up from ₱0.28 in 3Q 2022). Revenue: ₱47.1b (up 17% from 3Q 2022). Net income: ₱4.28b (up 33% from 3Q 2022). Profit margin: 9.1% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.New Risk • Nov 11New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 154% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (154% net debt to equity). Profit margins are more than 30% lower than last year (9.4% net profit margin).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ₱0.54 (vs ₱0.21 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.54 (up from ₱0.21 in 2Q 2022). Revenue: ₱45.2b (up 34% from 2Q 2022). Net income: ₱6.23b (up 152% from 2Q 2022). Profit margin: 14% (up from 7.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • May 31PAL Holdings, Inc. Appoints Jerome S. Tan as Lead Independent DirectorThe board of directors of PAL Holdings, Inc. at its meeting held on May 29, 2023, approved and confirmed the appointment of Mr. Jerome S. Tan as Lead Independent Director of the Company.공시 • May 26+ 1 more updatePAL Holdings, Inc. Announces Executive and Committee ChangesPAL Holdings, Inc. announced that at the Annual Stockholders' Meeting of the Company held on 25 May 2023 approved election of Ramon D. Dizon as Independent Director. Likewise, at the Organizational Meeting of the Board of Directors held immediately thereafter approved the appointment of Lucio C. Tan III as President and COO and Juanita T. Tan Lee as Treasurer. The board also approved appointment of Members of the Board to the various committees as follows: Executive Committee: Chairman: Dr. Lucio C. Tan; Members: Lucio C. Tan III, Sheila T. Pascual, Stanley K. Ng and Johnip G. Cua; Audit And Risk Management Committee: Chairman Johnip G. Cua; Members Lucio C. Tan III, Sheila T. Pascual, Jerome S. Tan and Ramon D. Dizon; Coprorate Governance Committee: Chairman Jerome S. Tan; Members Lucio C. Tan III, Sheila T. Pascual, Johnip G. Cua, Ramon D. Dizon; Nomination and Compensation Committee: Chairman Dr. Lucio C. Tan; Members: Carmen K. Tan, Sheila T. Pascual and Johnip G. Cua.Reported Earnings • May 13First quarter 2023 earnings released: EPS: ₱0.40 (vs ₱0.092 in 1Q 2022)First quarter 2023 results: EPS: ₱0.40 (up from ₱0.092 in 1Q 2022). Revenue: ₱42.2b (up 79% from 1Q 2022). Net income: ₱4.65b (up 338% from 1Q 2022). Profit margin: 11% (up from 4.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 06Full year 2022 earnings released: EPS: ₱0.70 (vs ₱5.09 in FY 2021)Full year 2022 results: EPS: ₱0.70 (down from ₱5.09 in FY 2021). Revenue: ₱139.2b (up 137% from FY 2021). Net income: ₱8.16b (down 86% from FY 2021). Profit margin: 5.9% (down from 101% in FY 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₱0.28 (vs ₱0.46 loss in 3Q 2021)Third quarter 2022 results: EPS: ₱0.28 (up from ₱0.46 loss in 3Q 2021). Revenue: ₱40.4b (up 186% from 3Q 2021). Net income: ₱3.21b (up ₱8.49b from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Jerome Tan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ₱0.21 (vs ₱0.69 loss in 2Q 2021)Second quarter 2022 results: EPS: ₱0.21 (up from ₱0.69 loss in 2Q 2021). Revenue: ₱33.7b (up 246% from 2Q 2021). Net income: ₱2.49b (up ₱10.4b from 2Q 2021). Profit margin: 7.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • May 14First quarter 2022 earnings released: EPS: ₱0.092 (vs ₱0.74 loss in 1Q 2021)First quarter 2022 results: EPS: ₱0.092 (up from ₱0.74 loss in 1Q 2021). Revenue: ₱23.6b (up 185% from 1Q 2021). Net income: ₱1.06b (up ₱9.66b from 1Q 2021). Profit margin: 4.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Bienvenido Laguesma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Apr 08PAL Holdings, Inc. Auditor Raises 'Going Concern' DoubtPAL Holdings, Inc. filed its Annual on Apr 06, 2022 for the period ending Dec 31, 2021. In this report its auditor, SyCip Gorres Velayo & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern.Reported Earnings • Apr 07Full year 2021 earnings releasedFull year 2021 results: Revenue: ₱58.7b (up 6.2% from FY 2020). Net income: ₱59.1b (up ₱130.9b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.Board Change • Mar 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Bienvenido Laguesma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 PAL 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: PAL 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장PAL Holdings 배당 수익률 vs 시장PAL의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (PAL)n/a시장 하위 25% (PH)2.7%시장 상위 25% (PH)6.5%업계 평균 (Airlines)3.3%분석가 예측 (PAL) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 PAL 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 PAL 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 PAL 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: PAL 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YPH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/08 09:21종가2026/06/08 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 소스PAL Holdings, Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
New Risk • Apr 30New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
New Risk • Apr 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 07Full year 2025 earnings releasedFull year 2025 results: Revenue: ₱183.8b (up 3.3% from FY 2024). Net income: ₱9.62b (up 37% from FY 2024). Profit margin: 5.2% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue.
공시 • Feb 10PAL Holdings, Inc., Annual General Meeting, Jun 01, 2026PAL Holdings, Inc., Annual General Meeting, Jun 01, 2026.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ₱0.051 (vs ₱0.042 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.051 (up from ₱0.042 in 3Q 2024). Revenue: ₱42.7b (up 2.8% from 3Q 2024). Net income: ₱1.37b (up 74% from 3Q 2024). Profit margin: 3.2% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
New Risk • Aug 03New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: ₱0.12 (vs ₱0.088 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.12 (up from ₱0.088 in 2Q 2024). Revenue: ₱46.4b (up 2.8% from 2Q 2024). Net income: ₱3.33b (up 41% from 2Q 2024). Profit margin: 7.2% (up from 5.2% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
공시 • May 30PAL Holdings, Inc. Approves Election of Kyle Ellis C. Tan as DirectorPAL Holdings, Inc. announced at annual stockholders meeting of the company held 29 May 2025, the shareholders elected Kyle Ellis C. Tan as director of the company.
New Risk • Apr 26New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (28% accrual ratio). Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (4.3% net profit margin).
New Risk • Mar 30New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin).
Reported Earnings • Mar 30Full year 2024 earnings released: EPS: ₱0.31 (vs ₱1.45 in FY 2023)Full year 2024 results: EPS: ₱0.31 (down from ₱1.45 in FY 2023). Revenue: ₱178.0b (flat on FY 2023). Net income: ₱7.02b (down 58% from FY 2023). Profit margin: 3.9% (down from 9.4% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
공시 • Feb 25PAL Holdings, Inc., Annual General Meeting, May 29, 2025PAL Holdings, Inc., Annual General Meeting, May 29, 2025, at 14:00 W. Australia Standard Time. Location: via zoom application, Philippines
New Risk • Jan 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin).
Valuation Update With 7 Day Price Move • Nov 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱5.20, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Airlines industry in Asia. Negligible returns to shareholders over past year.
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ₱0.042 (vs ₱0.37 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.042 (down from ₱0.37 in 3Q 2023). Revenue: ₱41.5b (down 12% from 3Q 2023). Net income: ₱789.8m (down 82% from 3Q 2023). Profit margin: 1.9% (down from 9.1% in 3Q 2023). The decrease in margin was driven by lower revenue.
New Risk • Aug 10New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 110% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risk High level of debt (110% net debt to equity).
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ₱0.088 (vs ₱0.54 in 2Q 2023)Second quarter 2024 results: EPS: ₱0.088 (down from ₱0.54 in 2Q 2023). Revenue: ₱45.1b (flat on 2Q 2023). Net income: ₱2.37b (down 62% from 2Q 2023). Profit margin: 5.2% (down from 14% in 2Q 2023).
New Risk • May 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 131% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Reported Earnings • May 02First quarter 2024 earnings released: EPS: ₱0.31 (vs ₱0.40 in 1Q 2023)First quarter 2024 results: EPS: ₱0.31 (down from ₱0.40 in 1Q 2023). Revenue: ₱45.8b (up 8.5% from 1Q 2023). Net income: ₱3.60b (down 23% from 1Q 2023). Profit margin: 7.9% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Apr 02New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 165% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 02Full year 2023 earnings released: EPS: ₱1.45 (vs ₱0.70 in FY 2022)Full year 2023 results: EPS: ₱1.45 (up from ₱0.70 in FY 2022). Revenue: ₱179.1b (up 29% from FY 2022). Net income: ₱16.8b (up 106% from FY 2022). Profit margin: 9.4% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Feb 26PAL Holdings, Inc., Annual General Meeting, May 30, 2024PAL Holdings, Inc., Annual General Meeting, May 30, 2024, at 06:00 Coordinated Universal Time.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₱0.37 (vs ₱0.28 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.37 (up from ₱0.28 in 3Q 2022). Revenue: ₱47.1b (up 17% from 3Q 2022). Net income: ₱4.28b (up 33% from 3Q 2022). Profit margin: 9.1% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
New Risk • Nov 11New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 154% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (154% net debt to equity). Profit margins are more than 30% lower than last year (9.4% net profit margin).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ₱0.54 (vs ₱0.21 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.54 (up from ₱0.21 in 2Q 2022). Revenue: ₱45.2b (up 34% from 2Q 2022). Net income: ₱6.23b (up 152% from 2Q 2022). Profit margin: 14% (up from 7.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • May 31PAL Holdings, Inc. Appoints Jerome S. Tan as Lead Independent DirectorThe board of directors of PAL Holdings, Inc. at its meeting held on May 29, 2023, approved and confirmed the appointment of Mr. Jerome S. Tan as Lead Independent Director of the Company.
공시 • May 26+ 1 more updatePAL Holdings, Inc. Announces Executive and Committee ChangesPAL Holdings, Inc. announced that at the Annual Stockholders' Meeting of the Company held on 25 May 2023 approved election of Ramon D. Dizon as Independent Director. Likewise, at the Organizational Meeting of the Board of Directors held immediately thereafter approved the appointment of Lucio C. Tan III as President and COO and Juanita T. Tan Lee as Treasurer. The board also approved appointment of Members of the Board to the various committees as follows: Executive Committee: Chairman: Dr. Lucio C. Tan; Members: Lucio C. Tan III, Sheila T. Pascual, Stanley K. Ng and Johnip G. Cua; Audit And Risk Management Committee: Chairman Johnip G. Cua; Members Lucio C. Tan III, Sheila T. Pascual, Jerome S. Tan and Ramon D. Dizon; Coprorate Governance Committee: Chairman Jerome S. Tan; Members Lucio C. Tan III, Sheila T. Pascual, Johnip G. Cua, Ramon D. Dizon; Nomination and Compensation Committee: Chairman Dr. Lucio C. Tan; Members: Carmen K. Tan, Sheila T. Pascual and Johnip G. Cua.
Reported Earnings • May 13First quarter 2023 earnings released: EPS: ₱0.40 (vs ₱0.092 in 1Q 2022)First quarter 2023 results: EPS: ₱0.40 (up from ₱0.092 in 1Q 2022). Revenue: ₱42.2b (up 79% from 1Q 2022). Net income: ₱4.65b (up 338% from 1Q 2022). Profit margin: 11% (up from 4.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 06Full year 2022 earnings released: EPS: ₱0.70 (vs ₱5.09 in FY 2021)Full year 2022 results: EPS: ₱0.70 (down from ₱5.09 in FY 2021). Revenue: ₱139.2b (up 137% from FY 2021). Net income: ₱8.16b (down 86% from FY 2021). Profit margin: 5.9% (down from 101% in FY 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₱0.28 (vs ₱0.46 loss in 3Q 2021)Third quarter 2022 results: EPS: ₱0.28 (up from ₱0.46 loss in 3Q 2021). Revenue: ₱40.4b (up 186% from 3Q 2021). Net income: ₱3.21b (up ₱8.49b from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Jerome Tan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ₱0.21 (vs ₱0.69 loss in 2Q 2021)Second quarter 2022 results: EPS: ₱0.21 (up from ₱0.69 loss in 2Q 2021). Revenue: ₱33.7b (up 246% from 2Q 2021). Net income: ₱2.49b (up ₱10.4b from 2Q 2021). Profit margin: 7.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • May 14First quarter 2022 earnings released: EPS: ₱0.092 (vs ₱0.74 loss in 1Q 2021)First quarter 2022 results: EPS: ₱0.092 (up from ₱0.74 loss in 1Q 2021). Revenue: ₱23.6b (up 185% from 1Q 2021). Net income: ₱1.06b (up ₱9.66b from 1Q 2021). Profit margin: 4.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Bienvenido Laguesma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Apr 08PAL Holdings, Inc. Auditor Raises 'Going Concern' DoubtPAL Holdings, Inc. filed its Annual on Apr 06, 2022 for the period ending Dec 31, 2021. In this report its auditor, SyCip Gorres Velayo & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Reported Earnings • Apr 07Full year 2021 earnings releasedFull year 2021 results: Revenue: ₱58.7b (up 6.2% from FY 2020). Net income: ₱59.1b (up ₱130.9b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Board Change • Mar 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Bienvenido Laguesma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.