Filipino (PSEi) Banks Industry Analysis
UpdatedSep 27, 2023
DataAggregated Company Financials
Companies16
- 7D2.8%
- 3M-1.9%
- 1Y20.4%
- YTD9.4%
Over the last 7 days, the Banks industry has risen 1.1%, driven by gains from BDO Unibank of 2.5%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Filipino Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 Sep 2023 | ₱2.0t | ₱770.4b | ₱237.8b | 5.1x | 8.6x | 2.7x |
| Fri, 25 Aug 2023 | ₱2.1t | ₱770.4b | ₱237.8b | 5x | 8.7x | 2.7x |
| Sun, 23 Jul 2023 | ₱2.2t | ₱746.1b | ₱231.4b | 4.7x | 9.5x | 2.9x |
| Tue, 20 Jun 2023 | ₱2.1t | ₱746.1b | ₱231.4b | 4.9x | 9.1x | 2.8x |
| Thu, 18 May 2023 | ₱2.1t | ₱744.6b | ₱231.3b | 5.1x | 9.2x | 2.8x |
| Sat, 15 Apr 2023 | ₱2.1t | ₱705.0b | ₱213.4b | 6.5x | 9.7x | 2.9x |
| Mon, 13 Mar 2023 | ₱2.0t | ₱693.1b | ₱215.2b | 6.7x | 9.5x | 2.9x |
| Wed, 08 Feb 2023 | ₱2.0t | ₱668.5b | ₱201.0b | 6.7x | 10.1x | 3x |
| Fri, 06 Jan 2023 | ₱1.9t | ₱668.5b | ₱201.0b | 6x | 9.4x | 2.8x |
| Sun, 04 Dec 2022 | ₱1.8t | ₱668.5b | ₱201.0b | 6.1x | 9x | 2.7x |
| Tue, 01 Nov 2022 | ₱1.8t | ₱646.3b | ₱190.2b | 6.2x | 9.2x | 2.7x |
| Thu, 29 Sep 2022 | ₱1.7t | ₱636.2b | ₱184.5b | 6.1x | 9x | 2.6x |
| Sat, 27 Aug 2022 | ₱1.8t | ₱636.1b | ₱184.5b | 6.9x | 9.7x | 2.8x |
| Mon, 25 Jul 2022 | ₱1.7t | ₱617.2b | ₱180.4b | 7.3x | 9.3x | 2.7x |
| Wed, 22 Jun 2022 | ₱1.7t | ₱617.2b | ₱180.4b | 7.2x | 9.4x | 2.8x |
| Fri, 20 May 2022 | ₱1.8t | ₱615.4b | ₱179.4b | 9.5x | 9.8x | 2.8x |
| Sun, 17 Apr 2022 | ₱1.8t | ₱606.5b | ₱171.1b | 11.1x | 10.4x | 2.9x |
| Tue, 15 Mar 2022 | ₱1.7t | ₱573.6b | ₱155.3b | 11.6x | 11x | 3x |
| Thu, 10 Feb 2022 | ₱1.9t | ₱572.2b | ₱157.5b | 11.8x | 12x | 3.3x |
| Sat, 08 Jan 2022 | ₱1.7t | ₱572.2b | ₱157.5b | 11x | 10.9x | 3x |
| Mon, 06 Dec 2021 | ₱1.7t | ₱572.2b | ₱157.5b | 10.8x | 10.8x | 3x |
| Wed, 03 Nov 2021 | ₱1.7t | ₱564.2b | ₱155.5b | n/a | 10.6x | 2.9x |
| Fri, 01 Oct 2021 | ₱1.5t | ₱564.3b | ₱156.8b | 8.9x | 9.7x | 2.7x |
| Sun, 29 Aug 2021 | ₱1.6t | ₱564.3b | ₱156.8b | 9.4x | 10x | 2.8x |
| Mon, 05 Jul 2021 | ₱1.6t | ₱564.3b | ₱156.8b | 9.7x | 10.2x | 2.8x |
| Thu, 08 Apr 2021 | ₱1.5t | ₱517.5b | ₱116.5b | 11.2x | 12.7x | 2.9x |
| Sun, 10 Jan 2021 | ₱1.6t | ₱510.4b | ₱114.2b | 8.8x | 13.8x | 3.1x |
| Sat, 03 Oct 2020 | ₱1.3t | ₱534.0b | ₱132.6b | 5.1x | 9.5x | 2.4x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are pessimistic on the Filipino Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.6x which is lower than its 3-year average PE of 10.5x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 13% 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 Financials industry?
| PH Market | 2.57% | |
| Financials | 2.68% | |
| Banks | 2.80% | |
| Diversified Banks | 2.91% | |
| Regional Banks | -1.07% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 10.6x.
- Analysts are expecting annual earnings growth of 10.4%, which is lower than the prior year's growth of 28.8% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BDO BDO Unibank | ₱135.80 | 4.6% +₱31.6b | 41.7% | PB1.5x | |
| BPI Bank of the Philippine Islands | ₱110.50 | 4.0% +₱20.8b | 35.5% | PB1.6x | |
| MBT Metropolitan Bank & Trust | ₱53.10 | 1.1% +₱2.7b | 9.4% | PB0.7x | |
| BNCOM Bank of Commerce | ₱7.50 | 26.1% +₱2.2b | -17.7% | PB0.4x | |
| SECB Security Bank | ₱77.50 | 1.2% +₱715.9m | -4.6% | PB0.4x |