company background image
PBC

Philippine Bank of Communications PSE:PBC Stock Report

Last Price

₱16.00

Market Cap

₱7.7b

7D

-14.4%

1Y

-18.8%

Updated

21 Jun, 2022

Data

Company Financials
PBC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

PBC Stock Overview

Philippine Bank of Communications provides commercial banking products and services to individual and corporate clients in the Philippines.

Philippine Bank of Communications Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Philippine Bank of Communications
Historical stock prices
Current Share Price₱16.00
52 Week High₱19.98
52 Week Low₱15.54
Beta0.43
1 Month Change-0.37%
3 Month Change-10.31%
1 Year Change-18.78%
3 Year Change-24.35%
5 Year Change-36.00%
Change since IPO-81.48%

Recent News & Updates

Shareholder Returns

PBCPH BanksPH Market
7D-14.4%-1.2%-2.4%
1Y-18.8%5.3%-5.6%

Return vs Industry: PBC underperformed the PH Banks industry which returned 5.3% over the past year.

Return vs Market: PBC underperformed the PH Market which returned -5.6% over the past year.

Price Volatility

Is PBC's price volatile compared to industry and market?
PBC volatility
PBC Average Weekly Movement7.4%
Banks Industry Average Movement3.8%
Market Average Movement5.2%
10% most volatile stocks in PH Market10.3%
10% least volatile stocks in PH Market3.1%

Stable Share Price: PBC is more volatile than 75% of PH stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PBC's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of PH stocks.

About the Company

FoundedEmployeesCEOWebsite
19391,005Patricia May Siyhttps://www.pbcom.com.ph

Philippine Bank of Communications provides commercial banking products and services to individual and corporate clients in the Philippines. The company operates through Branch Banking Group, Corporate Banking Group, Treasury, Consumer Finance, and Trust and Wealth Management segments. Its deposit products and services include savings, checking, and time deposit accounts; and loan portfolio comprises auto, home, personal loans, as well as working capital loans and term loans.

Philippine Bank of Communications Fundamentals Summary

How do Philippine Bank of Communications's earnings and revenue compare to its market cap?
PBC fundamental statistics
Market Cap₱7.69b
Earnings (TTM)₱1.73b
Revenue (TTM)₱4.91b

4.4x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBC income statement (TTM)
Revenue₱4.91b
Cost of Revenue₱0
Gross Profit₱4.91b
Other Expenses₱3.19b
Earnings₱1.73b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.60
Gross Margin100.00%
Net Profit Margin35.18%
Debt/Equity Ratio58.9%

How did PBC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 PBC?

Other financial metrics that can be useful for relative valuation.

PBC 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 Ration/a

Price to Earnings Ratio vs Peers

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

PBC PE Ratio vs Peers
The above table shows the PE ratio for PBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.3x

Price-To-Earnings vs Peers: PBC is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (5.3x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PBC is good value based on its Price-To-Earnings Ratio (4.4x) compared to the PH Banks industry average (7.3x)


Price to Earnings Ratio vs Fair Ratio

What is PBC'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.

PBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PBC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: PBC (₱16) is trading below our estimate of fair value (₱18.63)

Significantly Below Fair Value: PBC is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBC's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Philippine Bank of Communications forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.7%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Philippine Bank of Communications has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Philippine Bank of Communications is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Philippine Bank of Communications 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


23.3%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: PBC's current net profit margins (35.2%) are higher than last year (22.7%).


Past Earnings Growth Analysis

Earnings Trend: PBC's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: PBC's earnings growth over the past year (76.5%) exceeds its 5-year average (23.3% per year).

Earnings vs Industry: PBC earnings growth over the past year (76.5%) exceeded the Banks industry 45.8%.


Return on Equity

High ROE: PBC's Return on Equity (12.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Philippine Bank of Communications'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: PBC's Assets to Equity ratio (8.2x) is low.

Allowance for Bad Loans: PBC has a low allowance for bad loans (80%).

Low Risk Liabilities: 90% of PBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PBC has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: PBC's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: PBC has a high level of bad loans (5%).


Discover healthy companies

Dividend

What is Philippine Bank of Communications's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PBC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PBC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PBC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PBC's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: PBC is not paying a notable dividend for the PH market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBC's dividend in 3 years as they are not forecast to pay a notable one for the PH market.


Discover strong dividend paying companies

Management

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

5.2yrs

Average management tenure


CEO

Patricia May Siy (61 yo)

7yrs

Tenure

Ms. Patricia May T. Siy has been Chief Executive Officer and President of Philippine Bank of Communications since June 1, 2015. Ms. Siy served as Executive Vice President of Commercial & Retail Banking Seg...


Leadership Team

Experienced Management: PBC's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: PBC's board of directors are considered experienced (7.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Philippine Bank of Communications's employee growth, exchange listings and data sources


Key Information

  • Name: Philippine Bank of Communications
  • Ticker: PBC
  • Exchange: PSE
  • Founded: 1939
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₱7.690b
  • Shares outstanding: 480.65m
  • Website: https://www.pbcom.com.ph

Number of Employees


Location

  • Philippine Bank of Communications
  • PBCOM Tower
  • 6795 Ayala Ave Cor V. A. Rufino Street
  • Makati City
  • 1226
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/21 00:00
End of Day Share Price2022/06/21 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.