company background image
PNB

Philippine National Bank PSE:PNB Stock Report

Last Price

₱17.68

Market Cap

₱27.0b

7D

-2.0%

1Y

-21.2%

Updated

26 Jun, 2022

Data

Company Financials +
PNB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends0/6

PNB Stock Overview

Philippine National Bank provides various banking and financial products and services.

Philippine National Bank Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Philippine National Bank
Historical stock prices
Current Share Price₱17.68
52 Week High₱23.20
52 Week Low₱17.56
Beta0.63
1 Month Change-5.66%
3 Month Change-6.36%
1 Year Change-21.25%
3 Year Change-64.10%
5 Year Change-73.51%
Change since IPO-94.75%

Recent News & Updates

Shareholder Returns

PNBPH BanksPH Market
7D-2.0%-4.4%-1.7%
1Y-21.2%0.6%-8.6%

Return vs Industry: PNB underperformed the PH Banks industry which returned 0.6% over the past year.

Return vs Market: PNB underperformed the PH Market which returned -8.6% over the past year.

Price Volatility

Is PNB's price volatile compared to industry and market?
PNB volatility
PNB Average Weekly Movement2.5%
Banks Industry Average Movement3.9%
Market Average Movement5.3%
10% most volatile stocks in PH Market10.1%
10% least volatile stocks in PH Market3.1%

Stable Share Price: PNB is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PNB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19168,656Wick Velosohttps://www.pnb.com.ph

Philippine National Bank provides various banking and financial products and services. It operates through Retail Banking, Corporate Banking, Global Banking and Market, and Other segments. The company offers a range of commercial banking services, including deposit-taking, lending, bills discounting, trade finance, foreign exchange dealings, investment banking, treasury operations, fund transfers, and remittance and trust services.

Philippine National Bank Fundamentals Summary

How do Philippine National Bank's earnings and revenue compare to its market cap?
PNB fundamental statistics
Market Cap₱26.98b
Earnings (TTM)₱33.42b
Revenue (TTM)₱67.74b

0.8x

P/E Ratio

0.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PNB income statement (TTM)
Revenue₱67.74b
Cost of Revenue₱70.38m
Gross Profit₱67.67b
Other Expenses₱34.25b
Earnings₱33.42b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)21.90
Gross Margin99.90%
Net Profit Margin49.34%
Debt/Equity Ratio47.3%

How did PNB perform over the long term?

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

Valuation

Is PNB 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 PNB?

Other financial metrics that can be useful for relative valuation.

PNB 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 Ratio-0.07x

Price to Earnings Ratio vs Peers

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

PNB PE Ratio vs Peers
The above table shows the PE ratio for PNB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.1x

Price-To-Earnings vs Peers: PNB is good value based on its Price-To-Earnings Ratio (0.8x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PNB is good value based on its Price-To-Earnings Ratio (0.8x) compared to the PH Banks industry average (7.2x)


Price to Earnings Ratio vs Fair Ratio

What is PNB'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.

PNB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.8x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: PNB is good value based on its Price-To-Earnings Ratio (0.8x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).


Share Price vs Fair Value

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

Below Fair Value: PNB (₱17.68) is trading above our estimate of fair value (₱8.76)

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


Price to Earnings Growth Ratio

PEG Ratio: PNB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Discover undervalued companies

Future Growth

How is Philippine National Bank forecast to perform in the next 1 to 3 years based on estimates from 4 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


-11.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNB's earnings are forecast to decline over the next 3 years (-11.3% per year).

Earnings vs Market: PNB's earnings are forecast to decline over the next 3 years (-11.3% per year).

High Growth Earnings: PNB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PNB's revenue (1.7% per year) is forecast to grow slower than the PH market (9.8% per year).

High Growth Revenue: PNB's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PNB's Return on Equity is forecast to be low in 3 years time (6.2%).


Discover growth companies

Past Performance

How has Philippine National Bank performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PNB has high quality earnings.

Growing Profit Margin: PNB's current net profit margins (49.3%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: PNB's earnings have grown significantly by 32.9% per year over the past 5 years.

Accelerating Growth: PNB's earnings growth over the past year (1078.5%) exceeds its 5-year average (32.9% per year).

Earnings vs Industry: PNB earnings growth over the past year (1078.5%) exceeded the Banks industry 45.8%.


Return on Equity

High ROE: PNB's Return on Equity (20.7%) is considered high.


Discover strong past performing companies

Financial Health

How is Philippine National Bank'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: PNB's Assets to Equity ratio (7x) is low.

Allowance for Bad Loans: PNB has a low allowance for bad loans (50%).

Low Risk Liabilities: 89% of PNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: PNB has an appropriate level of Loans to Assets ratio (48%).

Low Risk Deposits: PNB's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: PNB has a high level of bad loans (12.1%).


Discover healthy companies

Dividend

What is Philippine National Bank 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 PNB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PNB'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 PNB's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PNB'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?

3.0yrs

Average management tenure


CEO

Wick Veloso (55 yo)

3.58yrs

Tenure

Mr. Jose Arnulfo A. Veloso, also known as Wick, serves as Director at Philippine Dealing System Holdings Corp. since 2021. He serves as President and Chief Executive Officer at Philippine National Bank sin...


Leadership Team

Experienced Management: PNB's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: PNB's board of directors are considered experienced (7.1 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 National Bank's employee growth, exchange listings and data sources


Key Information

  • Name: Philippine National Bank
  • Ticker: PNB
  • Exchange: PSE
  • Founded: 1916
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₱26.976b
  • Shares outstanding: 1.53b
  • Website: https://www.pnb.com.ph

Number of Employees


Location

  • Philippine National Bank
  • PNB Financial Center
  • Pres. Diosdado P. Macapagal Boulevard
  • Pasay City
  • 1300
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 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.