Buy Or Sell Opportunity • Jul 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₱12.42. The fair value is estimated to be ₱15.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 38%. Buy Or Sell Opportunity • Jun 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to ₱12.36. The fair value is estimated to be ₱15.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 38%. Recent Insider Transactions • Jun 06
Non Executive Director recently bought ₱14m worth of stock On the 29th of May, Raissa Hechanova-Posadas bought around 1m shares on-market at roughly ₱12.56 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱14m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: ₱0.25 (vs ₱0.45 in 1Q 2025) First quarter 2026 results: EPS: ₱0.25 (down from ₱0.45 in 1Q 2025). Revenue: ₱4.76b (down 1.7% from 1Q 2025). Net income: ₱99.2m (down 45% from 1Q 2025). Profit margin: 2.1% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Apr 27
Concepcion Industrial Corporation, Annual General Meeting, Jul 24, 2026 Concepcion Industrial Corporation, Annual General Meeting, Jul 24, 2026, at 10:00 W. Australia Standard Time. Declared Dividend • Mar 28
Dividend of ₱1.00 announced Dividend of ₱1.00 is the same as last year. Ex-date: 13th April 2026 Payment date: 22nd April 2026 Dividend yield will be 7.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 27
Concepcion Industrial Corporation announces Annual dividend, payable on April 22, 2026 Concepcion Industrial Corporation announced Annual dividend of PHP 1.0000 per share payable on April 22, 2026, ex-date on April 13, 2026 and record date on April 14, 2026. Recent Insider Transactions • Mar 25
Non Executive Director recently sold ₱79k worth of stock On the 19th of March, Jose Maria Concepcion sold around 6k shares on-market at roughly ₱12.98 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱99k more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: ₱0.28 (vs ₱0.36 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.28 (down from ₱0.36 in 3Q 2024). Revenue: ₱3.88b (up 2.4% from 3Q 2024). Net income: ₱107.2m (down 25% from 3Q 2024). Profit margin: 2.8% (down from 3.8% 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 57% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Jul 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₱5.71b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Market cap is less than US$100m (₱5.71b market cap, or US$99.6m). Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: ₱0.90 (vs ₱0.78 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.90 (up from ₱0.78 in 2Q 2024). Revenue: ₱5.22b (down 13% from 2Q 2024). Net income: ₱355.4m (up 15% from 2Q 2024). Profit margin: 6.8% (up from 5.2% in 2Q 2024). The increase in margin was driven by lower expenses. 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 7% per year, which means it is significantly lagging earnings. Aankondiging • Apr 28
Concepcion Industrial Corporation, Annual General Meeting, Jul 24, 2025 Concepcion Industrial Corporation, Annual General Meeting, Jul 24, 2025. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₱15.00, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 16x in the Building industry in Asia. Total loss to shareholders of 11% over the past three years. Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: ₱1.95 (vs ₱0.96 in FY 2023) Full year 2024 results: EPS: ₱1.95 (up from ₱0.96 in FY 2023). Revenue: ₱18.1b (up 23% from FY 2023). Net income: ₱769.1m (up 101% from FY 2023). Profit margin: 4.3% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 28
Dividend increased to ₱1.00 Dividend of ₱1.00 is 43% higher than last year. Ex-date: 10th April 2025 Payment date: 24th April 2025 Dividend yield will be 7.1%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.4% EPS decline seen over the last 5 years. Recent Insider Transactions • Jan 16
Vice Chairman & Treasurer recently bought ₱297k worth of stock On the 7th of January, Renna Hechanova-Angeles bought around 22k shares on-market at roughly ₱13.50 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, there was an even bigger purchase from another insider worth ₱3.2m. This was Renna's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 07
Insider recently bought ₱182k worth of stock On the 29th of November, Philip Trapaga bought around 14k shares on-market at roughly ₱13.50 per share. This transaction increased Philip Trapaga's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱3.2m. Insiders have collectively bought ₱6.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 27
Chairman & President recently bought ₱3.0m worth of stock On the 22nd of November, Raul Joseph Concepcion bought around 220k shares on-market at roughly ₱13.50 per share. This transaction increased Raul Joseph's direct individual holding by 3x at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱3.2m. Raul Joseph has been a buyer over the last 12 months, purchasing a net total of ₱6.2m worth in shares. Recent Insider Transactions • Nov 16
Chairman & President recently bought ₱3.2m worth of stock On the 13th of November, Raul Joseph Concepcion bought around 230k shares on-market at roughly ₱14.00 per share. This transaction amounted to 28% 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 Raul Joseph's only on-market trade for the last 12 months. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: ₱0.36 (vs ₱0.18 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.36 (up from ₱0.18 in 3Q 2023). Revenue: ₱3.79b (up 4.6% from 3Q 2023). Net income: ₱142.4m (up 98% from 3Q 2023). Profit margin: 3.8% (up from 2.0% in 3Q 2023). The increase in margin was driven by higher revenue. 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 14% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: ₱0.78 (vs ₱0.41 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.78 (up from ₱0.41 in 2Q 2023). Revenue: ₱5.98b (up 37% from 2Q 2023). Net income: ₱308.2m (up 89% from 2Q 2023). Profit margin: 5.2% (up from 3.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Apr 26
Concepcion Industrial Corporation, Annual General Meeting, Jul 25, 2024 Concepcion Industrial Corporation, Annual General Meeting, Jul 25, 2024, at 10:00 Singapore Standard Time. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: ₱0.26 (vs ₱0.14 in 1Q 2023) First quarter 2024 results: EPS: ₱0.26 (up from ₱0.14 in 1Q 2023). Revenue: ₱3.83b (up 33% from 1Q 2023). Net income: ₱104.0m (up 94% from 1Q 2023). Profit margin: 2.7% (up from 1.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 28
Dividend of ₱0.70 announced Shareholders will receive a dividend of ₱0.70. Ex-date: 12th April 2024 Payment date: 26th April 2024 Dividend yield will be 5.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 29% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. New Risk • Jan 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₱5.41b (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱5.41b market cap, or US$96.2m). New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 6.9% 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 Earnings have declined by 36% per year over the past 5 years. 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 (6.9% average weekly change). New Risk • Nov 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₱5.38b (US$97.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₱5.38b market cap, or US$97.2m). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: ₱0.18 (vs ₱0.05 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.18 (up from ₱0.05 in 3Q 2022). Revenue: ₱3.63b (up 22% from 3Q 2022). Net income: ₱72.0m (up 272% from 3Q 2022). Profit margin: 2.0% (up from 0.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Building industry in Asia. 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 10% per year, which means it has not declined as severely as earnings. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.0% 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 Earnings have declined by 36% per year over the past 5 years. 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 (7.0% average weekly change). Aankondiging • Sep 26
Concepcion Industrial Corporation Announces Resignation of Ma. Cristina Millares Lleva as Head of Investor Relations Concepcion Industrial Corporation announced that the Head of Investor Relations, Ms. Ma. Cristina Millares Lleva, tendered her resignation effective immediately to pursue personal endeavors. Effective Date of Resignation is September 25, 2023. Aankondiging • Sep 23
Concepcion Industrial Corporation Appoints Mr. Isaias Ariel Fermin as Chief Executive Officer, Effective January 1, 2024 The Special Meeting of the Board of Directors of Concepcion Industrial Corporation held on September 21, 2023, the Board approved the appointment of Mr. Isaias Ariel Fermin as Chief Executive Officer of the Company effective January 1, 2024. Mr. Fermin has held senior leadership positions at renowned multinational companies such as Procter & Gamble, Coca-Cola, Unilever, and Nike, as well as local publicly-listed companies Max's Group Inc. (MGI), Jollibee Foods and PLDT. His extensive background covers brand management, product development, retail and sales operations, supply chain management, and general management. He obtained his degree in Chemical Engineering from the University of the Philippines in Diliman. The Board's decision to split the roles of CEO and Chairman aligns with its thrust to follow best governance practice which will contribute to unbiased strategic decisions and improve Board independence. It demonstrates the Board's unwavering commitment to strengthen the Company's corporate governance framework and ensure the highest standards of leadership within the organization. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: ₱0.41 (vs ₱0.33 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.41 (up from ₱0.33 in 2Q 2022). Revenue: ₱4.35b (up 20% from 2Q 2022). Net income: ₱162.8m (up 22% from 2Q 2022). Profit margin: 3.7% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱16.00, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 14x in the Building industry in Asia. Total loss to shareholders of 18% over the past three years. Upcoming Dividend • Apr 06
Upcoming dividend of ₱0.50 per share at 3.3% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 25 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Filipino dividend payers (5.5%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₱0.38 (vs ₱0.41 in FY 2021) Full year 2022 results: EPS: ₱0.38 (down from ₱0.41 in FY 2021). Revenue: ₱13.2b (up 7.6% from FY 2021). Net income: ₱153.8m (down 6.6% from FY 2021). Profit margin: 1.2% (down from 1.3% in FY 2021). The decrease in margin was driven by higher expenses. 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 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₱12.22, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 13x in the Building industry in Asia. Total loss to shareholders of 52% over the past three years. Aankondiging • Jan 12
Concepcion Industrial Corporation Announces Resignation of Alberto Alfonso Albano as Head of Investor Relations Concepcion Industrial Corporation's Head of Investor Relations, Mr. Alberto Alfonso Albano, has tendered his resignation effective immediately to pursue personal endeavors. Effective Date of Resignation is January 11, 2023. Aankondiging • Jan 10
Concepcion Industrial Corporation Announces Resignation of Ms. Arazeli L. Malapad as Chief Audit Executive, Effective from February 5, 2023 Concepcion Industrial Corporation advised that Corporation's Chief Audit Executive, Ms. Arazeli L. Malapad, has tendered her resignation effective February 5, 2023 due to personal reasons. Board Change • Nov 16
Less than half of directors are independent Following 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 Louie Benitez 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 • Jul 29
Second quarter 2022 earnings released: EPS: ₱0.33 (vs ₱0.34 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.33 (down from ₱0.34 in 2Q 2021). Revenue: ₱3.64b (up 2.3% from 2Q 2021). Net income: ₱133.8m (down 2.4% from 2Q 2021). Profit margin: 3.7% (down from 3.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 14
Vice Chairman & Treasurer recently bought ₱1.9m worth of stock On the 7th of July, Renna Hechanova-Angeles bought around 100k shares on-market at roughly ₱19.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱5.4m. Renna has been a buyer over the last 12 months, purchasing a net total of ₱4.2m worth in shares. Aankondiging • Jul 02
Concepcion Industrial Corporation Announces Resignation of Mr. Alfredo E. Pascual as Member of the Board of Directors Concepcion Industrial Corporation's (CIC) Independent Director Mr. Alfredo E. Pascual tendered his resignation as member of the Board of Directors effective June 30, 2022. Mr. Pascual's resignation is due to his appointment as Secretary of Trade and Industry in the cabinet of President Ferdinand R. Marcos, Jr. Recent Insider Transactions • Jun 04
Chief Strategy & Transformation Officer recently bought ₱114k worth of stock On the 2nd of June, Maria Victoria Betita bought around 6k shares on-market at roughly ₱19.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱5.4m. Insiders have collectively bought ₱9.9m more in shares than they have sold in the last 12 months. Board Change • Apr 27
Less than half of directors are independent Following 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 Justo Ortiz was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 12
Concepcion Industrial Corporation, Annual General Meeting, Jul 20, 2022 Concepcion Industrial Corporation, Annual General Meeting, Jul 20, 2022, at 10:30 Singapore Standard Time. Upcoming Dividend • Mar 07
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 12 April 2022. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 4.5%. Within top quartile of Filipino dividend payers (3.8%). Higher than average of industry peers (2.3%). Aankondiging • Feb 16
Concepcion Industrial Corporation Announces Dividend Declaration, Payable on April 12, 2022 The Board of Directors of Concepcion Industrial Corporation held on February 16, 2022, the Board declared cash dividends of PHP 1.00 per outstandingshare of common stock of the Company payable on April 12, 2022 to holders of record as of March 17, 2022. The cash dividend was declared out of the unrestricted retained earnings of the Company as of December 31, 2021, which are sufficient to cover the total amount of the dividend declared. Recent Insider Transactions • Nov 20
Key Executive recently bought ₱109k worth of stock On the 18th of November, Rajan Komarasu bought around 5k shares on-market at roughly ₱21.85 per share. This was the largest purchase by an insider in the last 3 months. This was Rajan's only on-market trade for the last 12 months. Reported Earnings • Nov 16
Third quarter 2021 earnings released: ₱0.06 loss per share (vs ₱0.57 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₱2.59b (down 15% from 3Q 2020). Net loss: ₱24.4m (down 111% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% 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 15
Second quarter 2021 earnings released: EPS ₱0.34 (vs ₱0.26 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱3.56b (up 109% from 2Q 2020). Net income: ₱137.1m (up ₱241.8m from 2Q 2020). Profit margin: 3.9% (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 23% per year whereas the company’s share price has fallen by 26% per year. Reported Earnings • May 18
Full year 2020 earnings released: EPS ₱1.17 (vs ₱2.34 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱10.8b (down 28% from FY 2019). Net income: ₱470.9m (down 50% from FY 2019). Profit margin: 4.4% (down from 6.3% 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 21% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 27
New 90-day low: ₱20.60 The company is down 4.0% from its price of ₱21.50 on 30 October 2020. The Filipino market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 14% over the same period. Recent Insider Transactions • Nov 29
Insider recently bought ₱990k worth of stock On the 24th of November, Anne Marie Carmen Concepcion bought around 45k shares on-market at roughly ₱22.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱3.7m. Insiders have collectively bought ₱4.8m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 25
New 90-day high: ₱22.90 The company is up 21% from its price of ₱19.00 on 27 August 2020. The Filipino market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 14% over the same period. Recent Insider Transactions • Nov 18
Insider recently bought ₱3.7m worth of stock On the 16th of November, Rafael Issuro Hechanova bought around 171k shares on-market at roughly ₱21.41 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.8m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ₱0.57 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ₱3.05b (down 3.7% from 3Q 2019). Net income: ₱232.3m (up 49% from 3Q 2019). Profit margin: 7.6% (up from 4.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Sep 24
New 90-day high: ₱21.95 The company is up 7.0% from its price of ₱20.55 on 25 June 2020. The Filipino market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 18% over the same period.