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RCB

Rizal Commercial Banking PSE:RCB Stock Report

Last Price

₱19.60

Market Cap

₱40.7b

7D

-4.2%

1Y

12.0%

Updated

24 Jun, 2022

Data

Company Financials
RCB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

RCB Stock Overview

Rizal Commercial Banking Corporation provides a range of banking and financial products and services in the Philippines and internationally.

Rizal Commercial Banking Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Rizal Commercial Banking
Historical stock prices
Current Share Price₱19.60
52 Week High₱28.50
52 Week Low₱17.42
Beta0.27
1 Month Change-2.97%
3 Month Change-6.00%
1 Year Change12.00%
3 Year Change-30.25%
5 Year Change-66.50%
Change since IPO384.90%

Recent News & Updates

Shareholder Returns

RCBPH BanksPH Market
7D-4.2%-4.4%-1.7%
1Y12.0%0.6%-8.6%

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

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

Price Volatility

Is RCB's price volatile compared to industry and market?
RCB volatility
RCB Average Weekly Movement3.8%
Banks Industry Average Movement3.9%
Market Average Movement5.2%
10% most volatile stocks in PH Market10.1%
10% least volatile stocks in PH Market3.1%

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

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

About the Company

FoundedEmployeesCEOWebsite
1960n/aEugene Acevedohttps://www.rcbc.com

Rizal Commercial Banking Corporation provides a range of banking and financial products and services in the Philippines and internationally. It operates through Retail, Corporate, Small and Medium Enterprises, Treasury, and Others segments. The company accepts savings and checking accounts, time deposits, and foreign currency deposits.

Rizal Commercial Banking Fundamentals Summary

How do Rizal Commercial Banking's earnings and revenue compare to its market cap?
RCB fundamental statistics
Market Cap₱40.75b
Earnings (TTM)₱6.65b
Revenue (TTM)₱31.66b

6.0x

P/E Ratio

0.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RCB income statement (TTM)
Revenue₱31.66b
Cost of Revenue₱0
Gross Profit₱31.66b
Other Expenses₱25.00b
Earnings₱6.65b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.27
Gross Margin100.00%
Net Profit Margin21.02%
Debt/Equity Ratio127.0%

How did RCB perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

19%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is RCB 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 RCB?

Other financial metrics that can be useful for relative valuation.

RCB 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 RCB's PE Ratio compare to its peers?

RCB PE Ratio vs Peers
The above table shows the PE ratio for RCB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.8x

Price-To-Earnings vs Peers: RCB is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (30.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: RCB is good value based on its Price-To-Earnings Ratio (6x) compared to the PH Banks industry average (7.2x)


Price to Earnings Ratio vs Fair Ratio

What is RCB'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.

RCB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: RCB (₱19.6) is trading above our estimate of fair value (₱3.62)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Rizal Commercial Banking 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


16.4%

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 Rizal Commercial Banking 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

Past Performance

How has Rizal Commercial Banking 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


7.9%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: RCB's current net profit margins (21%) are higher than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: RCB's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: RCB's earnings growth over the past year (90.1%) exceeds its 5-year average (7.9% per year).

Earnings vs Industry: RCB earnings growth over the past year (90.1%) exceeded the Banks industry 45.8%.


Return on Equity

High ROE: RCB's Return on Equity (7%) is considered low.


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Financial Health

How is Rizal Commercial Banking'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: RCB's Assets to Equity ratio (8.8x) is low.

Allowance for Bad Loans: RCB has a low allowance for bad loans (60%).

Low Risk Liabilities: 79% of RCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: RCB has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: RCB's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: RCB has a high level of bad loans (6.1%).


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Dividend

What is Rizal Commercial Banking current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.15%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RCB's dividend (3.15%) is higher than the bottom 25% of dividend payers in the PH market (1.53%).

High Dividend: RCB's dividend (3.15%) is low compared to the top 25% of dividend payers in the PH market (5.02%).


Stability and Growth of Payments

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

Growing Dividend: RCB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.8%), RCB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

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

3.4yrs

Average management tenure


CEO

Eugene Acevedo (57 yo)

2.92yrs

Tenure

Mr. Eugene Sering Acevedo has been President and Chief Executive Officer at Rizal Commercial Banking Corporation since July 1, 2019 and has been its Executive Director since July 1, 2019. Mr. Acevedo serve...


Leadership Team

Experienced Management: RCB's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: RCB's board of directors are considered experienced (7.2 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 been diluted in the past year, with total shares outstanding growing by 5.3%.


Top Shareholders

Company Information

Rizal Commercial Banking Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Rizal Commercial Banking Corporation
  • Ticker: RCB
  • Exchange: PSE
  • Founded: 1960
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₱40.750b
  • Shares outstanding: 2.04b
  • Website: https://www.rcbc.com

Number of Employees


Location

  • Rizal Commercial Banking Corporation
  • Yuchengco Tower
  • RCBC Plaza
  • Makati City
  • 727
  • 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.