Filipino (PSEi) Banks Industry Analysis
- 7D-2.5%
- 3M6.5%
- 1Y4.7%
- YTD5.9%
Over the last 7 days, the Banks industry has dropped 2.5%, driven by a decline by BDO Unibank of 6.1%. Meanwhile, Philippine Trust actually outperformed within the industry, gaining 7.8% in the last week. This takes the industry's 12 month performance to a gain of 4.7%.
Industry Valuation and Performance
Has the Filipino Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 04 Dec 2021 | ₱1.7t | ₱572.2b | ₱157.5b | 10.7x |
| Mon, 01 Nov 2021 | ₱1.7t | ₱564.2b | ₱155.5b | 8.7x |
| Wed, 29 Sep 2021 | ₱1.5t | ₱564.3b | ₱156.8b | 8.9x |
| Fri, 27 Aug 2021 | ₱1.6t | ₱564.3b | ₱156.8b | 9.4x |
| Sat, 03 Jul 2021 | ₱1.6t | ₱564.3b | ₱156.8b | 9.7x |
| Tue, 06 Apr 2021 | ₱1.5t | ₱517.5b | ₱116.5b | 11.2x |
| Fri, 08 Jan 2021 | ₱1.6t | ₱510.4b | ₱114.2b | 8.8x |
| Thu, 01 Oct 2020 | ₱1.3t | ₱534.0b | ₱132.6b | 5.1x |
| Sun, 05 Jul 2020 | ₱1.3t | ₱553.0b | ₱143.2b | 5.5x |
| Wed, 08 Apr 2020 | ₱1.3t | ₱577.1b | ₱164.0b | 5.2x |
| Tue, 31 Dec 2019 | ₱2.0t | ₱568.7b | ₱163.7b | 7.7x |
| Fri, 04 Oct 2019 | ₱1.9t | ₱551.1b | ₱153.7b | 9.1x |
| Mon, 08 Jul 2019 | ₱1.8t | ₱517.9b | ₱138.6b | 11x |
| Sun, 31 Mar 2019 | ₱1.9t | ₱501.8b | ₱131.0b | 12x |
| Wed, 02 Jan 2019 | ₱1.9t | ₱479.8b | ₱125.0b | 12.8x |
12.8x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 8.8x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Banks industry have grown 8.5% per year over the last three years, and revenues for these companies have grown 7.5% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Filipino Banks industry?
| Diversified Banks | -2.55% | |
| Regional Banks | -2.68% | |
Industry PE: Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 7.2x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 9.8x.
Forecasted Growth: Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 16% over the next 5 years. This is better than its past earnings decline of 1.3% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| UBP Union Bank of the Philippines | 13.0%+₱17.1b | 85.4% | PB1.4x | |
| PTC Philippine Trust | 7.8%+₱7.8b | 1.8% | PB4.2x | |
| SECB Security Bank | 0.4%+₱376.8m | -12.7% | PB0.7x |