Announcement • Jun 24
Shakey's Pizza Asia Ventures, Inc. Declares Regular Cash Dividend, Payable on August 6, 2026 Shakey's Pizza Asia Ventures, Inc. advised that the Board of Directors of Shakey's Pizza Asia Ventures, Inc. approved the declaration of a regular cash dividend of PHP 0.20 per share, to all stockholders of record as of July 17, 2026, payable on August 6, 2026. Announcement • May 30
Shakey's Pizza Asia Ventures, Inc. Announces Management Changes, Effective May 31, 2026 Shakey's Pizza Asia Ventures, Inc. announced the retirement of Mr. Jorge Maria Q. Concepcion, 71 years of age, as Country Head of Potato Corner USA, effective May 31, 2026. Prior to his role in PC USA, he was formerly the Chief Operating Officer and General Manager of Shakey's. Effective on the same date, Mr. Romeo "Chuck" Pe Benito will assume the role of Acting Country Head of Potato Corner USA. Mr. Pe Benito has served as Deputy General Manager of Potato Corner USA since 2025. Major Estimate Revision • May 23
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₱18.8b to ₱18.1b. EPS estimate also fell from ₱0.528 per share to ₱0.425 per share. Net income forecast to grow 6.8% next year vs 17% growth forecast for Hospitality industry in Philippines. Consensus price target down from ₱8.70 to ₱7.75. Share price rose 3.0% to ₱6.42 over the past week. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: ₱0.48 (vs ₱0.71 in FY 2024) Full year 2025 results: EPS: ₱0.48 (down from ₱0.71 in FY 2024). Revenue: ₱16.0b (up 11% from FY 2024). Net income: ₱815.6m (down 32% from FY 2024). Profit margin: 5.1% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 25
CFO, Compliance Off. recently bought ₱3.4m worth of stock On the 18th of March, Myrose April Victor bought around 502k shares on-market at roughly ₱6.84 per share. This transaction increased Myrose April's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Myrose April has been a buyer over the last 12 months, purchasing a net total of ₱4.6m worth in shares. Recent Insider Transactions • Feb 27
CFO, Compliance Off. recently bought ₱85k worth of stock On the 20th of February, Myrose April Victor bought around 12k shares on-market at roughly ₱6.88 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱627k. Myrose April has been a buyer over the last 12 months, purchasing a net total of ₱1.2m worth in shares. Announcement • Feb 26
Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 24, 2026 Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 24, 2026, at 08:30 W. Australia Standard Time. Location: via videoconference, Philippines Recent Insider Transactions • Feb 03
CFO, Compliance Off. recently bought ₱452k worth of stock On the 29th of January, Myrose April Victor bought around 67k shares on-market at roughly ₱6.77 per share. This transaction increased Myrose April's direct individual holding by 13x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Myrose April's only on-market trade for the last 12 months. Price Target Changed • Nov 23
Price target decreased by 7.4% to ₱8.70 Down from ₱9.40, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ₱7.00. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₱0.62 for next year compared to ₱0.71 last year. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ₱0.13 (vs ₱0.15 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.13 (down from ₱0.15 in 3Q 2024). Revenue: ₱3.84b (up 8.9% from 3Q 2024). Net income: ₱222.8m (down 11% from 3Q 2024). Profit margin: 5.8% (down from 7.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 12
Consensus EPS estimates fall by 21%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₱15.5b to ₱15.8b. EPS estimate fell from ₱0.795 to ₱0.63 per share. Net income forecast to grow 3.2% next year vs 26% growth forecast for Hospitality industry in Philippines. Consensus price target down from ₱11.30 to ₱9.40. Share price was steady at ₱7.59 over the past week. Price Target Changed • Sep 10
Price target decreased by 16% to ₱9.40 Down from ₱11.13, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₱7.70. Stock is down 18% over the past year. The company is forecast to post earnings per share of ₱0.63 for next year compared to ₱0.71 last year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ₱0.10 (vs ₱0.15 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.10 (down from ₱0.15 in 2Q 2024). Revenue: ₱3.89b (up 13% from 2Q 2024). Net income: ₱164.9m (down 34% from 2Q 2024). Profit margin: 4.2% (down from 7.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 25
Upcoming dividend of ₱0.20 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Filipino dividend payers (6.0%). Higher than average of industry peers (2.0%). Major Estimate Revision • Jul 22
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₱15.9b to ₱15.5b. EPS estimate rose from ₱0.71 to ₱0.795. Net income forecast to grow 13% next year vs 25% growth forecast for Hospitality industry in Philippines. Consensus price target broadly unchanged at ₱11.30. Share price was steady at ₱8.05 over the past week. Announcement • Jul 06
Shakey's Pizza Asia Ventures, Inc Approves Dividend Payable August 19, 2025 The Board of Directors of Shakey's Pizza Asia Ventures, Inc. approved the declaration of a regular cash dividend of PHP 0.20 per share, to all stockholders of record as of August 04, 2025 payable on August 19, 2025. Recent Insider Transactions • May 28
President recently bought ₱208k worth of stock On the 21st of May, Vicente Gregorio bought around 26k shares on-market at roughly ₱7.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱209k. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1m worth in shares. Reported Earnings • May 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₱0.71 (up from ₱0.64 in FY 2023). Revenue: ₱14.5b (up 2.3% from FY 2023). Net income: ₱1.19b (up 11% from FY 2023). Profit margin: 8.3% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Apr 08
Price target decreased by 7.5% to ₱11.13 Down from ₱12.03, the current price target is an average from 3 analysts. New target price is 64% above last closing price of ₱6.80. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₱0.63 for next year compared to ₱0.64 last year. Announcement • Mar 24
Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 27, 2025 Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 27, 2025, at 08:30 W. Australia Standard Time. Location: via videoconference, Philippines Recent Insider Transactions • Mar 15
Insider recently bought ₱209k worth of stock On the 7th of March, Oliver Angelo Sicam bought around 30k shares on-market at roughly ₱6.98 per share. This transaction increased Oliver Angelo Sicam's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.2m more in shares than they have sold in the last 12 months. Announcement • Mar 12
Shakey's Pizza Asia Ventures, Inc. to Report Fiscal Year 2024 Results on Apr 15, 2025 Shakey's Pizza Asia Ventures, Inc. announced that they will report fiscal year 2024 results at 12:30 PM, Singapore Standard Time on Apr 15, 2025 Recent Insider Transactions • Feb 28
President recently bought ₱182k worth of stock On the 24th of February, Vicente Gregorio bought around 25k shares on-market at roughly ₱7.26 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱893k worth in shares. Buy Or Sell Opportunity • Feb 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to ₱7.56. The fair value is estimated to be ₱9.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Buy Or Sell Opportunity • Jan 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₱7.72. The fair value is estimated to be ₱9.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Recent Insider Transactions • Jan 16
President recently bought ₱156k worth of stock On the 14th of January, Vicente Gregorio bought around 20k shares on-market at roughly ₱7.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱261k. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱763k worth in shares. Buy Or Sell Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₱8.10. The fair value is estimated to be ₱10.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Buy Or Sell Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₱8.02. The fair value is estimated to be ₱10.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Recent Insider Transactions • Nov 26
President recently bought ₱261k worth of stock On the 22nd of November, Vicente Gregorio bought around 31k shares on-market at roughly ₱8.52 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱607k worth in shares. Buy Or Sell Opportunity • Nov 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₱8.21. The fair value is estimated to be ₱10.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₱0.15 (vs ₱0.15 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.15 (in line with 3Q 2023). Revenue: ₱3.52b (up 1.9% from 3Q 2023). Net income: ₱250.1m (down 2.6% from 3Q 2023). Profit margin: 7.1% (down from 7.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 18
President recently bought ₱96k worth of stock On the 11th of September, Vicente Gregorio bought around 10k shares on-market at roughly ₱9.57 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱200k. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.2m worth in shares. Recent Insider Transactions • Sep 07
Insider recently bought ₱200k worth of stock On the 2nd of September, Oliver Angelo Sicam bought around 21k shares on-market at roughly ₱9.50 per share. This transaction increased Oliver Angelo Sicam's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.4m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₱0.15 (vs ₱0.17 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.15 (down from ₱0.17 in 2Q 2023). Revenue: ₱3.43b (down 8.9% from 2Q 2023). Net income: ₱249.0m (down 14% from 2Q 2023). Profit margin: 7.3% (down from 7.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
Shakey's Pizza Asia Ventures, Inc. Announces Executive Changes Shakey's Pizza Asia Ventures, Inc. in its Organizational Board Meeting held on June 20, 2024 elected Maria Elma C. Santos as Chief Human Resources Officer for the upcoming year. The company also announced the List of Committees and Membership. Audit Committee: Fernan Victor P. Lukban, Chairman. Fernan Victor P. Lukban, Member. Paulo L. Campos, III, Member. Related Party Transactions Committee: Paulo L. Campos, III, Chairman. Fernan Victor P. Lukban, Member. Ricardo Gabriel T. Po, Member. Board Risk Oversight Committee: Frances J. Yu, Chairman. Fernan Victor P. Lukban, Member. Lance Y. Gokongwei, Member. Corporate Governance and Sustainability Committee: Paulo L. Campos, III, Chairman. Fernan Victor P. Lukban, Member. Frances J. Yu, Member. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₱0.10 (vs ₱0.12 in 1Q 2023) First quarter 2024 results: EPS: ₱0.10 (down from ₱0.12 in 1Q 2023). Revenue: ₱3.09b (down 1.3% from 1Q 2023). Net income: ₱171.5m (down 15% from 1Q 2023). Profit margin: 5.5% (down from 6.4% in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 07
Upcoming dividend of ₱0.20 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (1.7%). New Risk • Apr 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 17
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: ₱0.64 (up from ₱0.52 in FY 2022). Revenue: ₱14.1b (up 39% from FY 2022). Net income: ₱1.08b (up 23% from FY 2022). Profit margin: 7.6% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Shakey's Pizza Asia Ventures, Inc. Declares Regular Cash Dividend, Payable on May 31, 2024 Board of Directors of Shakey's Pizza Asia Ventures, Inc. approved the declaration of a regular cash dividend of PHP 0.20 per share, to all stockholders of record as of May 15, 2024, payable on May 31, 2024. Announcement • Mar 27
Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 20, 2024 Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 20, 2024, at 08:30 Singapore Standard Time. Agenda: To consider the approval of the Minutes of the Stockholders' Meeting held on June 20, 2023; to consider the management's Report; to consider the ratification of Acts of the Board of Directors and Management During the Previous Year; to consider the election of Directors (including Independent Directors); to consider the appointment of External Auditor; to consider the other Matters;; and to consider the adjournment. Recent Insider Transactions • Mar 05
President recently bought ₱101k worth of stock On the 1st of March, Vicente Gregorio bought around 10k shares on-market at roughly ₱10.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.5m worth in shares. Announcement • Dec 28
Shakey's Pizza Asia Ventures, Inc. Announces Promotion of Jorge Maria Q. Concepcion to Chief Operating Officer Effective January 1, 2024 Shakey's Pizza Asia Ventures, Inc. announced the promotion of Jorge Maria Q. Concepcion from Shakey's General Manager to Shakey's Chief Operating Officer effective January 1, 2024. Mr. Concepcion originally joined as Shakey's General Manager. In his capacity as COO, Mr. Concepcion will lead the day-to-day management of Shakey's business operations, focusingon cultivating an organizational culture that mirrors Shakey's vision and ensures sustained success. He will guide Shakey's leadership team with short to medium-term strategic corporate direction. His focus remains on implementing and refining operational strategies and key programs that consistently exceed the established standards of excellence. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ₱0.15 (vs ₱0.12 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.15 (up from ₱0.12 in 3Q 2022). Revenue: ₱3.46b (up 28% from 3Q 2022). Net income: ₱256.8m (up 26% from 3Q 2022). Profit margin: 7.4% (down from 7.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 01
President recently bought ₱952k worth of stock On the 25th of October, Vicente Gregorio bought around 100k shares on-market at roughly ₱9.52 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.6m worth in shares. Announcement • Oct 11
JE Holdings, Inc. acquired 5.81% stake in Shakey's Pizza Asia Ventures, Inc. (PSE:PIZZA) from Arran Investment Pte Ltd for approximately PHP930 million. JE Holdings, Inc. acquired 5.81% stake in Shakey's Pizza Asia Ventures, Inc. (PSE:PIZZA) from Arran Investment Pte Ltd for approximately PHP930 million on October 9, 2023.JE Holdings, Inc. completed the acquisition of 5.81% stake in Shakey's Pizza Asia Ventures, Inc. (PSE:PIZZA) from Arran Investment Pte Ltd for approximately PHP930 million on October 9, 2023. Price Target Changed • Sep 19
Price target increased by 9.2% to ₱11.50 Up from ₱10.53, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ₱9.41. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₱0.61 for next year compared to ₱0.52 last year. New Risk • Aug 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: ₱0.17 (vs ₱0.10 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.17 (up from ₱0.10 in 2Q 2022). Revenue: ₱3.77b (up 53% from 2Q 2022). Net income: ₱288.2m (up 66% from 2Q 2022). Profit margin: 7.6% (up from 7.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Philippines. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 10
Upcoming dividend of ₱0.10 per share at 1.1% yield Eligible shareholders must have bought the stock before 17 July 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Filipino dividend payers (5.8%). Lower than average of industry peers (1.5%). Recent Insider Transactions • Jul 04
President recently bought ₱109k worth of stock On the 30th of June, Vicente Gregorio bought around 12k shares on-market at roughly ₱8.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱122k. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱580k worth in shares. Recent Insider Transactions • Jun 30
President recently bought ₱122k worth of stock On the 22nd of June, Vicente Gregorio bought around 14k shares on-market at roughly ₱8.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱421k worth in shares. Announcement • Jun 21
Shakey's Pizza Asia Ventures, Inc. Approves Regular Cash Dividend, Payable on July 31, 2023 The Board of Directors of Shakey's Pizza Asia Ventures, Inc. approved the declaration of a regular cash dividend of PHP 0.10 per share from Unrestricted retained earnings as of December 31, 2022, to all stockholders of record as of July 20, 2023, payable on July 31, 2023. Major Estimate Revision • Apr 28
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₱10.1b to ₱11.2b. EPS estimate reaffirmed at ₱0.61. Net income forecast to grow 7.5% next year vs 38% growth forecast for Hospitality industry in Philippines. Consensus price target reaffirmed at ₱10.37. Share price was steady at ₱8.60 over the past week. Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₱0.52 (up from ₱0.077 in FY 2021). Revenue: ₱10.1b (up 85% from FY 2021). Net income: ₱874.4m (up ₱751.4m from FY 2021). Profit margin: 8.6% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 06
President recently bought ₱86k worth of stock On the 31st of March, Vicente Gregorio bought around 11k shares on-market at roughly ₱8.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱128k. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.9m worth in shares. Recent Insider Transactions • Mar 09
President recently bought ₱128k worth of stock On the 3rd of March, Vicente Gregorio bought around 15k shares on-market at roughly ₱8.53 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.8m worth in shares. Recent Insider Transactions • Jan 26
President recently bought ₱85k worth of stock On the 24th of January, Vicente Gregorio bought around 10k shares on-market at roughly ₱8.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱2.1m worth in shares. Announcement • Nov 16
Shakey's Pizza Asia Ventures, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Shakey's Pizza Asia Ventures, Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Frances Yu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 07
Shakey's Pizza Asia Ventures, Inc. Appoints Rubenrico "Ben" R. Marasigan as Chief Human Resources Officer Shakey's Pizza Asia Ventures, Inc. informed that Rubenrico "Ben" R. Marasigan has been appointed as Chief Human Resources Officer (CHRO). Mr. Marasigan joined PIZZA in 2021 as Human Resources Director. Mr. Marasigan brings with him over 20 years of Human Resources and Organization Development Executive experience in different organizations across diverse industries both local and abroad. He was formerly Vice President in Human Resources of the Bank of the Philippine Islands, Assistant Vice President and Head for HR of Chowking under Jollibee Foods Corporation, and other HR roles in Makati Development Corp., Convergys, Integrated Microelectronics Inc., and DLSU-Manila. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ₱0.10 (vs ₱0.01 loss in 2Q 2021) Second quarter 2022 results: EPS: ₱0.10 (up from ₱0.01 loss in 2Q 2021). Revenue: ₱2.47b (up 95% from 2Q 2021). Net income: ₱173.9m (up ₱188.6m from 2Q 2021). Profit margin: 7.0% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 32% growth forecast for the industry in Philippines. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jul 09
Insider recently bought ₱140k worth of stock On the 6th of July, Jorge Maria Concepcion bought around 20k shares on-market at roughly ₱7.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱1.2m. Insiders have collectively bought ₱3.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 25
Insider recently bought ₱136k worth of stock On the 23rd of June, Jorge Maria Concepcion bought around 20k shares on-market at roughly ₱6.80 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱1.2m. Insiders have collectively bought ₱3.7m more in shares than they have sold in the last 12 months. Announcement • Jun 20
Shakey's Pizza Asia Ventures, Inc. Approves Regular Cash Dividend, Payable on July 20, 2022 The Board of Directors of Shakey's Pizza Asia Ventures, Inc. approved the declaration of a regular cash dividend of Three Centavos (PHP 0.03) per share, to all stockholders of record as of July 04, 2022 payable on July 20, 2022. Recent Insider Transactions • May 27
Insider recently bought ₱368k worth of stock On the 24th of May, Jorge Maria Concepcion bought around 49k shares on-market at roughly ₱7.50 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱1.2m. Insiders have collectively bought ₱4.4m more in shares than they have sold in the last 12 months. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ₱0.05 (up from ₱0.019 in 1Q 2021). Revenue: ₱1.61b (up 26% from 1Q 2021). Net income: ₱76.2m (up 165% from 1Q 2021). Profit margin: 4.7% (up from 2.2% in 1Q 2021). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 61%, compared to a 43% growth forecast for the industry in Philippines. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • May 14
Shakey's Pizza Asia Ventures, Inc. to Report Q1, 2022 Results on May 16, 2022 Shakey's Pizza Asia Ventures, Inc. announced that they will report Q1, 2022 results on May 16, 2022 Recent Insider Transactions • Apr 30
President recently bought ₱1.2m worth of stock On the 28th of April, Vicente Gregorio bought around 150k shares on-market at roughly ₱8.12 per share. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱2.8m worth in shares. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Frances Yu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 26
Shakey's Pizza Asia Ventures, Inc Ordinary Shares to Be Deleted from Other OTC Shakey's Pizza Asia Ventures, Inc.'s Ordinary Shares will be deleted from other OTC effective from April 26, 2022 due to Inactive Security. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ₱0.08 (up from ₱0.17 loss in FY 2020). Revenue: ₱5.48b (up 3.5% from FY 2020). Net income: ₱123.0m (up ₱376.6m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 43%, compared to a 54% growth forecast for the restaurants industry in Philippines. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 11
Price target decreased to ₱10.13 Down from ₱10.97, the current price target is an average from 3 analysts. New target price is 21% above last closing price of ₱8.35. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₱0.035 next year compared to a net loss per share of ₱0.17 last year. Recent Insider Transactions • Mar 05
President recently bought ₱419k worth of stock On the 3rd of March, Vicente Gregorio bought around 50k shares on-market at roughly ₱8.38 per share. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.6m worth in shares. Announcement • Jan 31
Shakey's Pizza Asia Ventures Inc. Announces Appointment of Jose Arnold T. Alvero as Chief Operating Officer, Effective from February 1, 2022 Shakey's Pizza Asia Ventures, Inc. announced Change in designation of Jose Arnold T. Alvero from Vice President - International Operations & Director for Franchise & Business Development to Chief Operating Officer and Business Unit Head of Potato Corner. Effective from February 1, 2022. Price Target Changed • Jan 07
Price target increased to ₱10.10 Up from ₱9.43, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₱9.75. Stock is up 19% over the past year. The company is forecast to post earnings per share of ₱0.095 next year compared to a net loss per share of ₱0.17 last year. Announcement • Dec 20
Shakey's Pizza Asia Ventures, Inc. Introduces Its First 100% Plant-Based Pizza Goood Taco Pizza Shakey's Pizza Asia Ventures, Inc. introduced its first 100% plant-based pizza the Goood Taco Pizza, marking another milestone for Shakey's as the first major chain in the country to launch a vegan pizza. The Goood Taco Pizza is made with 100% plant-based ground "meat" and dairy-free cheese and topped with fresh onions, tomatoes, lettuce, and savory spices to create the classic tex-mex-flavored comfort snack with a healthy twist. The new plant-based pizza joins the ranks of the Goood Burger and the Goood Nuggets, a move by PIZZA to widen its healthy selections. The full `Goood' menu makes use of 100% plant-based meat alternatives. Once again, PIZZA partnered with unMEAT to bring the innovation to life. `unMEAT' is the Philippines' pioneer large-scale meat alternatives brand by affiliate company Century Pacific Food Inc., one of the leading branded food manufacturers in the country. For the patties, nuggets, and meat toppings, PIZZA utilizes unMEAT's plant-based burgers and nuggets, all made with non-GMO soy proteins. For the launch of the Goood Taco Pizza, unMEAT created a dairy-free cheese alternative called `unCHEESE' made with potato starches blended with natural flavors and oils. The product looks, tastes, and feels like dairy cheese, making it the perfect topping for Shakey's new vegan pizza. Globally, the demand for healthier, better-for-you, and better-for-the-planet food choices has been on the rise, prompting the growth of the plant-based alternatives category. In the Philippines, the category is still nascent, thus it is critical for players in the F&B industry to help develop the category by educating consumers and providing them with affordable options. The new Goood Taco pizza is now available in selected Shakey's stores nationwide. Recent Insider Transactions • Nov 27
President recently bought ₱368k worth of stock On the 24th of November, Vicente Gregorio bought around 40k shares on-market at roughly ₱9.20 per share. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱1.9m worth in shares. Reported Earnings • Nov 13
Third quarter 2021 earnings released: ₱0.03 loss per share (vs ₱0.11 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₱1.20b (up 13% from 3Q 2020). Net loss: ₱49.3m (loss narrowed 71% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shakey's Pizza Asia Ventures, Inc. Launches A New and Improved Delivery App, the Shakey's Super App Shakey's Pizza Asia Ventures, Inc. launches a new and improved delivery app, the Shakey's Super App. Through the new app, PIZZA aims to double down on its off-premise capabilities and enhance the overall delivery experience for its valued guests. The Super App comes with exclusive promos and new features such as the Order Tracker, where app users can track their purchase in real time, providing extra assurance that their orders will be delivered on the dot. PIZZA is known in the industry for its "If it's late, it's free" delivery program. The Shakey's Super App allows guests to link and manage their SuperCard digitally as well. PIZZA is home to one of the country's largest loyalty programs, the Shakey's SuperCard, which has more than 1 million active members. Guests can now conveniently purchase and manage their Supercard accounts through the app to unlock all SuperCard benefits. Reported Earnings • Aug 12
Second quarter 2021 earnings released: ₱0.01 loss per share (vs ₱0.26 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₱1.27b (up 37% from 2Q 2020). Net loss: ₱14.7m (loss narrowed 96% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 05
Upcoming dividend of ₱0.02 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 0.3%. Lower than top quartile of Filipino dividend payers (4.2%). Lower than average of industry peers (1.2%). Recent Insider Transactions • Jun 23
President recently bought ₱776k worth of stock On the 18th of June, Vicente Gregorio bought around 100k shares on-market at roughly ₱7.76 per share. This was the largest purchase by an insider in the last 3 months. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱2.9m worth in shares. Price Target Changed • May 24
Price target decreased to ₱9.66 Down from ₱10.53, the current price target is provided by 1 analyst. New target price is 20% above last closing price of ₱8.05. Stock is up 46% over the past year. Reported Earnings • May 14
First quarter 2021 earnings released: EPS ₱0.02 (vs ₱0.074 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱1.28b (down 30% from 1Q 2020). Net income: ₱28.7m (down 75% from 1Q 2020). Profit margin: 2.2% (down from 6.2% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 16
New 90-day low: ₱6.75 The company is down 18% from a price of ₱8.25 on 16 December 2020. Underperformed the Filipino market, which is down 6.0% over the last 90 days. Lagged the Hospitality industry, which is down 12% over the same period. Simply Wall St's valuation model estimates the intrinsic value at ₱4.09 per share. Announcement • Mar 15
Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 17, 2021 Shakey's Pizza Asia Ventures, Inc., Annual General Meeting, Jun 17, 2021. Agenda: To consider approval of the minutes of the stockholders' meeting held on July 15, 2020 management's report; to consider ratification of acts of the board of directors and management during the previous year; to consider election of directors (including independent directors); to consider appointment of external auditor; and to transact other matters. Recent Insider Transactions • Feb 24
President recently bought ₱353k worth of stock On the 18th of February, Vicente Gregorio bought around 48k shares on-market at roughly ₱7.42 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱414k. Vicente has been a buyer over the last 12 months, purchasing a net total of ₱8.2m worth in shares. Price Target Changed • Jan 29
Price target raised to ₱9.58 Up from ₱8.65, the current price target is an average from 3 analysts. The new target price is 37% above the current share price of ₱7.00. As of last close, the stock is down 26% over the past year.