company background image
BDO

BDO Unibank PSE:BDO Stock Report

Last Price

₱117.80

Market Cap

₱511.0b

7D

-2.6%

1Y

2.4%

Updated

24 Jun, 2022

Data

Company Financials +
BDO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends3/6

BDO Stock Overview

BDO Unibank, Inc., together with its subsidiaries, provides various banking products and services primarily in the Philippines.

BDO Unibank Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for BDO Unibank
Historical stock prices
Current Share Price₱117.80
52 Week High₱140.40
52 Week Low₱102.00
Beta0.52
1 Month Change-3.99%
3 Month Change-11.09%
1 Year Change2.44%
3 Year Change-15.86%
5 Year Change-5.00%
Change since IPO484.74%

Recent News & Updates

Shareholder Returns

BDOPH BanksPH Market
7D-2.6%-7.1%-4.3%
1Y2.4%-0.7%-9.5%

Return vs Industry: BDO exceeded the PH Banks industry which returned -0.7% over the past year.

Return vs Market: BDO exceeded the PH Market which returned -9.5% over the past year.

Price Volatility

Is BDO's price volatile compared to industry and market?
BDO volatility
BDO Average Weekly Movement3.7%
Banks Industry Average Movement3.9%
Market Average Movement5.2%
10% most volatile stocks in PH Market10.1%
10% least volatile stocks in PH Market3.2%

Stable Share Price: BDO is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BDO's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1967n/aNestor Tanhttps://www.bdo.com.ph

BDO Unibank, Inc., together with its subsidiaries, provides various banking products and services primarily in the Philippines. Its deposit products include savings, checking, and time deposit accounts; and loan portfolio comprises personal, auto, home, small and medium-enterprise, project finance, term, and working capital loans. The company also offers life, auto, home, personal accident, travel, and employee benefits insurance products; remittance services; trade facilities, such as trade settlements, trust receipts, export bill purchases, and letters of credit; and trust and investment services consisting of unit investment trust funds, portfolio management, escrow services, security/collateral/ bond trusteeship, facility/paying agency, and investment advisory services.

BDO Unibank Fundamentals Summary

How do BDO Unibank's earnings and revenue compare to its market cap?
BDO fundamental statistics
Market Cap₱511.00b
Earnings (TTM)₱43.46b
Revenue (TTM)₱178.07b

11.9x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BDO income statement (TTM)
Revenue₱178.07b
Cost of Revenue₱0
Gross Profit₱178.07b
Other Expenses₱134.61b
Earnings₱43.46b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.91
Gross Margin100.00%
Net Profit Margin24.41%
Debt/Equity Ratio56.2%

How did BDO perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BDO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDO?

Other financial metrics that can be useful for relative valuation.

BDO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does BDO's PE Ratio compare to its peers?

BDO PE Ratio vs Peers
The above table shows the PE ratio for BDO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.5x

Price-To-Earnings vs Peers: BDO is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (37.5x).


Price to Earnings Ratio vs Industry

How does BDO's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: BDO is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the PH Banks industry average (7.2x)


Price to Earnings Ratio vs Fair Ratio

What is BDO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BDO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: BDO is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).


Share Price vs Fair Value

What is the Fair Price of BDO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BDO (₱117.8) is trading above our estimate of fair value (₱110.72)

Significantly Below Fair Value: BDO is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: BDO is good value based on its PEG Ratio (0.8x)


Discover undervalued companies

Future Growth

How is BDO Unibank forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDO's forecast earnings growth (14.5% per year) is above the savings rate (4.9%).

Earnings vs Market: BDO's earnings (14.5% per year) are forecast to grow slower than the PH market (18.7% per year).

High Growth Earnings: BDO's earnings are forecast to grow, but not significantly.

Revenue vs Market: BDO's revenue (11.6% per year) is forecast to grow faster than the PH market (9.9% per year).

High Growth Revenue: BDO's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BDO's Return on Equity is forecast to be low in 3 years time (11.8%).


Discover growth companies

Past Performance

How has BDO Unibank performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BDO has a high level of non-cash earnings.

Growing Profit Margin: BDO's current net profit margins (24.4%) are higher than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: BDO's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: BDO's earnings growth over the past year (47.2%) exceeds its 5-year average (9% per year).

Earnings vs Industry: BDO earnings growth over the past year (47.2%) exceeded the Banks industry 45.8%.


Return on Equity

High ROE: BDO's Return on Equity (10.3%) is considered low.


Discover strong past performing companies

Financial Health

How is BDO Unibank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BDO's Assets to Equity ratio (8.5x) is low.

Allowance for Bad Loans: BDO has a low allowance for bad loans (93%).

Low Risk Liabilities: 87% of BDO's liabilities are made up of primarily low risk sources of funding.

Loan Level: BDO has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: BDO's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: BDO has a high level of bad loans (2.9%).


Discover healthy companies

Dividend

What is BDO Unibank current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.02%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BDO's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the PH market (1.53%).

High Dividend: BDO's dividend (1.02%) is low compared to the top 25% of dividend payers in the PH market (5.02%).


Stability and Growth of Payments

Stable Dividend: BDO's dividend payments have been volatile in the past 10 years.

Growing Dividend: BDO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (12%), BDO's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BDO's dividends in 3 years are forecast to be thoroughly covered by earnings (9.9% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

12.9yrs

Average management tenure


CEO

Nestor Tan (63 yo)

23.92yrs

Tenure

₱2,740,000

Compensation

Mr. Nestor V. Tan is the President and Chief Executive Officer of BDO Unibank, Inc. and has been its Executive Director since June 27, 1998. He serves as Chairman of Mastercard Asia Pacific Advisory Board....


Leadership Team

Experienced Management: BDO's management team is seasoned and experienced (12.9 years average tenure).


Board Members

Experienced Board: BDO's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BDO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BDO Unibank, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BDO Unibank, Inc.
  • Ticker: BDO
  • Exchange: PSE
  • Founded: 1967
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₱510.997b
  • Shares outstanding: 4.39b
  • Website: https://www.bdo.com.ph

Number of Employees


Location

  • BDO Unibank, Inc.
  • BDO Corporate Center
  • 7899 Makati Avenue
  • Makati City
  • 726
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.