Robinsons Retail Holdings (PSE:RRHI) - Share price, News & Analysis

RRHI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	3/6

RRHI Stock Overview

Robinsons Retail Holdings, Inc. operates as a multi-format retail company in the Philippines.

Rewards

Trading at 1.1% below our estimate of its fair value

Earnings are forecast to grow 13.78% per year

Risk Analysis

Unstable dividend track record

Robinsons Retail Holdings Competitors

Puregold Price Club

PSE:PGOLD

₱90.5b

Metro Retail Stores Group

PSE:MRSGI

₱4.4b

Christian Dior

ENXTPA:CDI

€99.4b

SM Investments

PSE:SM

₱950.4b

Price History & Performance

Summary of all time highs, changes and price drops for Robinsons Retail Holdings
Historical stock prices
Current Share Price	₱53.00
52 Week High	₱68.40
52 Week Low	₱48.50
Beta	0.48
1 Month Change	-3.90%
3 Month Change	-9.01%
1 Year Change	8.27%
3 Year Change	-27.40%
5 Year Change	-36.57%
Change since IPO	-6.19%

Shareholder Returns

	RRHI	PH Consumer Retailing	PH Market
7D	-0.9%	-4.2%	-4.6%
1Y	8.3%	-41.8%	3.2%

Return vs Industry: RRHI exceeded the PH Consumer Retailing industry which returned -41.8% over the past year.

Return vs Market: RRHI exceeded the PH Market which returned 3.2% over the past year.

Price Volatility

Is RRHI's price volatile compared to industry and market?
RRHI volatility
RRHI Average Weekly Movement	4.0%
Consumer Retailing Industry Average Movement	5.7%
Market Average Movement	5.5%
10% most volatile stocks in PH Market	10.0%
10% least volatile stocks in PH Market	3.1%

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

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

About the Company

Founded	Employees	CEO	Website
1980	20,535	Robina Gokongwei-Pe	https://www.robinsonsretailholdings.com.ph

Robinsons Retail Holdings, Inc. operates as a multi-format retail company in the Philippines. The company operates through Supermarkets, Department Stores, DIY Stores, Convenience Stores, Drug Stores, and Specialty Stores segments. It operates supermarkets under the Robinsons Supermarket brand that offer health and wellness, and fresh food products; and department stores under the Robinsons Department Store brand, which provide children’s apparel, accessories; homes, snacks and stationery; shoes, bags, luggage and sportswear; ladies and men’s apparel, beauty accessories, and furnishings.

Robinsons Retail Holdings Fundamentals Summary

How do Robinsons Retail Holdings's earnings and revenue compare to its market cap?
RRHI fundamental statistics
Market Cap	₱79.10b
Earnings (TTM)	₱4.76b
Revenue (TTM)	₱158.09b

16.6x

P/E Ratio

0.5x

P/S Ratio

Is RRHI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
RRHI income statement (TTM)
Revenue	₱158.09b
Cost of Revenue	₱122.02b
Gross Profit	₱36.07b
Other Expenses	₱31.31b
Earnings	₱4.76b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	3.19
Gross Margin	22.82%
Net Profit Margin	3.01%
Debt/Equity Ratio	7.1%

How did RRHI perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

27%

Payout Ratio

Does RRHI pay a reliable dividends?

See RRHI dividend history and benchmarks

When do you need to buy RRHI by to receive an upcoming dividend?
Robinsons Retail Holdings dividend dates
Ex Dividend Date	May 17 2022
Dividend Pay Date	Jun 10 2022
Days until Ex dividend	0 days
Days until Dividend pay date	24 days

Does RRHI pay a reliable dividends?

See RRHI dividend history and benchmarks

Valuation

Is Robinsons Retail Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: RRHI (₱53) is trading below our estimate of fair value (₱53.61)

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

Price To Earnings Ratio

PE vs Industry: RRHI's PE Ratio (16.6x) is in line with the PH Consumer Retailing industry average.

PE vs Market: RRHI is poor value based on its PE Ratio (16.6x) compared to the PH market (11.4x).

Price to Earnings Growth Ratio

PEG Ratio: RRHI is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: RRHI is good value based on its PB Ratio (1.1x) compared to the PH Consumer Retailing industry average (1.4x).

Future Growth

How is Robinsons Retail Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

13.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RRHI's forecast earnings growth (13.8% per year) is above the savings rate (4.9%).

Earnings vs Market: RRHI's earnings (13.8% per year) are forecast to grow slower than the PH market (20.8% per year).

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

Revenue vs Market: RRHI's revenue (8.7% per year) is forecast to grow slower than the PH market (11.4% per year).

High Growth Revenue: RRHI's revenue (8.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RRHI's Return on Equity is forecast to be low in 3 years time (6.4%).

Past Performance

How has Robinsons Retail Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-7.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RRHI has high quality earnings.

Growing Profit Margin: RRHI's current net profit margins (3%) are higher than last year (2.2%).

Past Earnings Growth Analysis

Earnings Trend: RRHI's earnings have declined by 7.8% per year over the past 5 years.

Accelerating Growth: RRHI's earnings growth over the past year (47%) exceeds its 5-year average (-7.8% per year).

Earnings vs Industry: RRHI earnings growth over the past year (47%) underperformed the Consumer Retailing industry 47%.

Return on Equity

High ROE: RRHI's Return on Equity (6.8%) is considered low.

Financial Health

How is Robinsons Retail Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: RRHI's short term assets (₱43.6B) exceed its short term liabilities (₱28.6B).

Long Term Liabilities: RRHI's short term assets (₱43.6B) exceed its long term liabilities (₱24.2B).

Debt to Equity History and Analysis

Debt Level: RRHI has more cash than its total debt.

Reducing Debt: RRHI's debt to equity ratio has reduced from 8.1% to 7.1% over the past 5 years.

Debt Coverage: RRHI's debt is well covered by operating cash flow (124.7%).

Interest Coverage: RRHI's interest payments on its debt are well covered by EBIT (5.1x coverage).

Balance Sheet

Dividend

What is Robinsons Retail Holdings's 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

1.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RRHI's dividend (1.57%) is higher than the bottom 25% of dividend payers in the PH market (1.47%).

High Dividend: RRHI's dividend (1.57%) is low compared to the top 25% of dividend payers in the PH market (4.92%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RRHI has been paying a dividend for less than 10 years.

Growing Dividend: RRHI's dividend payments have increased, but the company has only paid a dividend for 8 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.5%), RRHI's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.7%), RRHI's dividend payments are well covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Consumer Retailing industry.

Management

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

4.3yrs

Average management tenure

CEO

Robina Gokongwei-Pe (59 yo)

4.33yrs

Tenure

Ms. Robina Y. Gokongwei-Pe serves as President of Robinsons Retail Holdings, Inc. and served its Chief Operating Officer since February 4, 2002 until 2018. Ms. Gokongwei-Pe is the Chief Executive Officer o...

Leadership Team

Experienced Management: RRHI's management team is considered experienced (4.3 years average tenure).

Board Members

Experienced Board: RRHI's board of directors are considered experienced (3.5 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31