Aankondiging • May 25
Manila Broadcasting Company, Annual General Meeting, Oct 01, 2026 Manila Broadcasting Company, Annual General Meeting, Oct 01, 2026. Reported Earnings • May 18
Full year 2025 earnings released: EPS: ₱0.34 (vs ₱0.21 in FY 2024) Full year 2025 results: EPS: ₱0.34 (up from ₱0.21 in FY 2024). Revenue: ₱1.41b (up 28% from FY 2024). Net income: ₱135.5m (up 63% from FY 2024). Profit margin: 9.6% (up from 7.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • May 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% 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 (8.1% average weekly change). Market cap is less than US$100m (₱2.42b market cap, or US$39.5m). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₱6.94, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 5.4% over the past three years. Board Change • Apr 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Gil Torres was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jan 08
Upcoming dividend of ₱0.15 per share Eligible shareholders must have bought the stock before 15 January 2026. Payment date: 03 February 2026. Trailing yield: 2.2%. Lower than top quartile of Filipino dividend payers (6.1%). In line with average of industry peers (2.1%). New Risk • Jan 02
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 12% 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 (12% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₱2.83b market cap, or US$48.2m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₱7.04, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 17x in the Media industry in Asia. Negligible returns to shareholders over past three years. New Risk • Dec 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.0% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% 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 (₱2.03b market cap, or US$34.4m). Board Change • Dec 15
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Gil Torres was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ₱0.04 (vs ₱0.12 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.04 (down from ₱0.12 in 3Q 2024). Revenue: ₱249.3m (down 22% from 3Q 2024). Net income: ₱14.2m (down 69% from 3Q 2024). Profit margin: 5.7% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Oct 15
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Gil Torres was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 08
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Gil Torres was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₱6.97, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 18x in the Media industry in Asia. Total loss to shareholders of 2.7% over the past three years. Board Change • Jun 26
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Gil Torres was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • May 22
Manila Broadcasting Company, Annual General Meeting, Oct 02, 2025 Manila Broadcasting Company, Annual General Meeting, Oct 02, 2025. Reported Earnings • May 16
First quarter 2025 earnings released First quarter 2025 results: Revenue: ₱291.1m (up 16% from 1Q 2024). Net income: ₱20.0m (up ₱17.8m from 1Q 2024). Profit margin: 6.9% (up from 0.9% in 1Q 2024). The increase in margin was driven by higher revenue. Board Change • May 14
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Gil Torres was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 04
Full year 2024 earnings released: EPS: ₱0.21 (vs ₱0.15 in FY 2023) Full year 2024 results: EPS: ₱0.21 (up from ₱0.15 in FY 2023). Revenue: ₱1.10b (up 6.3% from FY 2023). Net income: ₱83.3m (up 39% from FY 2023). Profit margin: 7.5% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₱7.30, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₱7.02, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 25% over the past three years. Upcoming Dividend • Dec 19
Upcoming dividend of ₱0.10 per share Eligible shareholders must have bought the stock before 26 December 2024. Payment date: 15 January 2025. The company last paid an ordinary dividend in December 2014. The average dividend yield among industry peers is 2.1%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₱7.48, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 18x in the Media industry in Asia. Total loss to shareholders of 23% over the past three years. Aankondiging • Dec 11
Manila Broadcasting Company Declares Special Cash Dividend, Payable on January 15, 2025 The Board of Directors of Manila Broadcasting Company in a special meeting held on December 11, 2024, with the requisite quorum present, unanimously approved the declaration of special cash dividend of PHP 10 per share to be paid on January 15, 2025 to stockholders of record as of December 27, 2024. Board Change • Nov 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 1 independent director (7 non-independent directors). Independent Non Executive Director Marvel Tan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: ₱0.12 (vs ₱0.011 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.12 (up from ₱0.011 in 3Q 2023). Revenue: ₱319.8m (up 26% from 3Q 2023). Net income: ₱46.4m (up ₱41.9m from 3Q 2023). Profit margin: 14% (up from 1.8% in 3Q 2023). The increase in margin was driven by higher revenue. 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 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₱7.79, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₱6.13, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 18x in the Media industry in Asia. Total loss to shareholders of 27% over the past three years. Aankondiging • Sep 12
Manila Broadcasting Company Announces Resignation of George T. Goduco as an Independent Director and Member of the Board of Directors The Board of Directors of Manila Broadcasting Company, in its regular meeting held on September 9, 2024 approved the resignation of Mr. George T. Goduco as an Independent Director and Member of the Board of Directors, effective September 9, 2024. His resignation is due to a conflict with his new affiliation with a bank, which prohibits him from being involved with a media company. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₱0.04 (vs ₱0.024 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.04 (up from ₱0.024 in 2Q 2023). Revenue: ₱252.3m (flat on 2Q 2023). Net income: ₱14.4m (up 35% from 2Q 2023). Profit margin: 5.7% (up from 4.2% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₱6.25, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 18x in the Media industry in Asia. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₱7.86, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 19x in the Media industry in Asia. Total loss to shareholders of 21% over the past three years. Aankondiging • May 26
Manila Broadcasting Company, Annual General Meeting, Oct 03, 2024 Manila Broadcasting Company, Annual General Meeting, Oct 03, 2024. Reported Earnings • May 02
Full year 2023 earnings released: EPS: ₱0.15 (vs ₱0.28 in FY 2022) Full year 2023 results: EPS: ₱0.15 (down from ₱0.28 in FY 2022). Revenue: ₱1.04b (down 15% from FY 2022). Net income: ₱59.7m (down 47% from FY 2022). Profit margin: 5.8% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% 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. New Risk • Nov 20
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 11% 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 (11% average weekly change). Earnings have declined by 10% 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 (₱2.98b market cap, or US$53.9m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.01 (vs ₱0.11 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.01 (down from ₱0.11 in 3Q 2022). Revenue: ₱253.0m (down 13% from 3Q 2022). Net income: ₱4.47m (down 90% from 3Q 2022). Profit margin: 1.8% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% 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. Aankondiging • Aug 25
Manila Broadcasting Company, Annual General Meeting, Oct 05, 2023 Manila Broadcasting Company, Annual General Meeting, Oct 05, 2023, at 15:00 Singapore Standard Time. Location: Elizalde Hall, MBC Building, V. Sotto St., CCP Complex, Pasay City Philippines Agenda: To consider and approve the audited financial statements for the year ended December 31, 2022; Approval and ratification of the acts of the Board of Directors and Officers of the Company from the date of last Stockholders' Meeting up to October 5, 2023; Election of Directors and Officers for the year 2023 to 2024; Appointment of External Auditors; and to discuss Other Matters. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₱0.03 (vs ₱0.04 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.03 (down from ₱0.04 in 2Q 2022). Revenue: ₱267.0m (down 28% from 2Q 2022). Net income: ₱13.5m (down 25% from 2Q 2022). Profit margin: 5.1% (up from 4.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₱6.60, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 18x in the Media industry in Asia. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₱7.99, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₱6.68, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 18x in the Media industry in Asia. Total loss to shareholders of 51% over the past three years. Reported Earnings • May 04
Full year 2022 earnings released: EPS: ₱0.28 (vs ₱0.24 in FY 2021) Full year 2022 results: EPS: ₱0.28 (up from ₱0.24 in FY 2021). Revenue: ₱1.22b (up 23% from FY 2021). Net income: ₱113.3m (up 18% from FY 2021). Profit margin: 9.3% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱7.76, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₱6.64, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₱8.07, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 19% over the past three years. Upcoming Dividend • Jan 17
Upcoming dividend of ₱0.30 per share Eligible shareholders must have bought the stock before 24 January 2023. Payment date: 14 February 2023. Trailing yield: 3.8%. Lower than top quartile of Filipino dividend payers (5.3%). Higher than average of industry peers (2.7%). Aankondiging • Dec 29
Manila Broadcasting Company Declares Cash Dividend, Payable on February 14, 2023 The Board of Directors of Manila Broadcasting Company in a special meeting held on December 28, 2022, with the requisite quorum present, unanimously approved the declaration of cash dividend of PHP 0.30 per share to be paid on February 14, 2023 to stockholders of record as of January 27, 2023. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₱5.93, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₱6.30, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 44% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ₱0.11 (vs ₱0.02 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.11 (up from ₱0.02 in 3Q 2021). Revenue: ₱290.7m (up 31% from 3Q 2021). Net income: ₱45.3m (up ₱37.9m from 3Q 2021). Profit margin: 16% (up from 3.4% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Non Executive Director Marvel Tan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 22% share price gain to ₱7.44, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 15x in the Media industry in Asia. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₱6.98, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 15x in the Media industry in Asia. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₱6.32, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₱6.51, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 56% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ₱0.04 (vs ₱0.04 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.04 (vs ₱0.04 in 2Q 2021). Revenue: ₱371.9m (up 51% from 2Q 2021). Net income: ₱18.1m (up 13% from 2Q 2021). Profit margin: 4.9% (down from 6.5% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 30% share price decline to ₱6.31, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 20% share price gain to ₱9.00, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 16x in the Media industry in Asia. Total loss to shareholders of 36% over the past three years. Aankondiging • May 29
Manila Broadcasting Company, Annual General Meeting, Oct 06, 2022 Manila Broadcasting Company, Annual General Meeting, Oct 06, 2022. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 30% share price gain to ₱9.80, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 17x in the Media industry in Asia. Total loss to shareholders of 29% over the past three years. Reported Earnings • May 18
Full year 2021 earnings released: EPS: ₱0.24 (vs ₱0.26 in FY 2020) Full year 2021 results: EPS: ₱0.24 (down from ₱0.26 in FY 2020). Revenue: ₱992.9m (up 12% from FY 2020). Net income: ₱95.8m (down 8.6% from FY 2020). Profit margin: 9.6% (down from 12% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 20% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Non Executive Director Marvel Tan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jan 05
Inaugural dividend of ₱0.30 per share Eligible shareholders must have bought the stock before 12 January 2022. Payment date: 03 February 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in December 2018. The average dividend yield among industry peers is 2.0%. Reported Earnings • Nov 22
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₱0.02 (down from ₱0.21 in 3Q 2020). Revenue: ₱222.5m (down 14% from 3Q 2020). Net income: ₱7.49m (down 91% from 3Q 2020). Profit margin: 3.4% (down from 32% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 19% per year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 22% share price gain to ₱11.00, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 19x in the Media industry in Asia. Total loss to shareholders of 25% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ₱0.04 (vs ₱0.006 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱247.0m (up 90% from 2Q 2020). Net income: ₱16.1m (up ₱13.6m from 2Q 2020). Profit margin: 6.5% (up from 1.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 03
Full year 2020 earnings released: EPS ₱0.26 (vs ₱0.27 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ₱889.3m (down 19% from FY 2019). Net income: ₱104.8m (down 2.0% from FY 2019). Profit margin: 12% (up from 9.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. Is New 90 Day High Low • Feb 27
New 90-day low: ₱10.78 The company is down 18% from its price of ₱13.20 on 27 November 2020. The Filipino market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₱12.00 The company is up 1.0% from its price of ₱11.90 on 26 August 2020. The Filipino market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 22% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ₱0.04 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱187.2m (down 27% from 3Q 2019). Net income: ₱16.3m (down 54% from 3Q 2019). Profit margin: 8.7% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 22
New 90-day low: ₱10.32 The company is down 14% from its price of ₱11.98 on 24 July 2020. The Filipino market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: ₱10.64 The company is down 18% from its price of ₱12.98 on 03 July 2020. The Filipino market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 24% over the same period. 