Ayala Land, Inc.

PSE:ALI Stock Report

Market Cap: ₱218.9b

Ayala Land Past Earnings Performance

Past criteria checks 5/6

Ayala Land has been growing earnings at an average annual rate of 25.2%, while the Real Estate industry saw earnings growing at 17.3% annually. Revenues have been growing at an average rate of 14.4% per year. Ayala Land's return on equity is 11.3%, and it has net margins of 20.3%.

Key information

25.17%

Earnings growth rate

25.59%

EPS growth rate

Real Estate Industry Growth8.04%
Revenue growth rate14.41%
Return on equity11.29%
Net Margin20.34%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 17

ALI: 2026 Dividend Plans And Capital Changes Will Drive Long Term Upside

Analysts have trimmed their fair value estimate for Ayala Land to ₱25.75 from ₱27.42, citing lower revenue growth expectations and a slightly softer profit margin outlook, even though the assumed discount rate and future P/E remain broadly similar. What’s in the News for Ayala Land Ayala Land’s board scheduled a meeting on May 26, 2026 to consider cash dividends, according to company disclosures.
Narrative Update • Jun 03

ALI: 2026 Dividend Plans Will Support Long Term Upside Potential

Analysts have trimmed their fair value estimate for Ayala Land from ₱31.50 to ₱27.42, citing softer revenue growth assumptions, slightly lower profit margin expectations, a reduced discount rate, and a marginally lower future P/E multiple. What's in the News A board meeting is scheduled for May 26, 2026 to consider cash dividends, according to company disclosures.
Narrative Update • Apr 20

ALI: Debt Funding And 2026 Dividends Will Support Future Upside

Analysts have trimmed their fair value estimate for Ayala Land from ₱32.05 to approximately ₱31.50. This reflects updated assumptions that incorporate a slightly higher discount rate, reduced revenue growth expectations, a modestly lower profit margin, and a marginally higher future P/E multiple.
Narrative Update • Apr 05

ALI: Debt Funding Plan And 2026 Dividends Will Support Future Upside

Analysts have maintained their fair value estimate for Ayala Land at ₱32.05 per share, with only slight tweaks to inputs such as the discount rate and assumed future P/E. This keeps the overall price target effectively unchanged.
Narrative Update • Mar 22

ALI: Planned Debt Raise And Dividends Will Support Future Upside

Analysts kept their fair value estimate for Ayala Land steady at ₱32.05, with a slightly higher discount rate and a modestly higher assumed future P/E multiple shaping the latest price target update. What's in the News The Board plans to seek approval to raise up to ₱40 billion via retail bonds, corporate notes, listings on the Philippine Dealing and Exchange Corporation, and/or bilateral term loans, mainly for debt refinancing and partial funding of general corporate needs, with a tenor of up to 10 years (Board meeting agenda, Feb 20, 2026).
Narrative Update • Mar 07

ALI: Planned Debt Funding And Dividends Will Support Future Upside

Analysts have trimmed their price target for Ayala Land slightly from ₱32.36 to ₱32.05, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that point to a more measured outlook for the company’s fair value. What's in the News The board scheduled a meeting on February 20, 2026 to consider raising up to ₱40b in funding with tenors of up to 10 years through retail bonds, corporate notes, listings on the Philippine Dealing and Exchange Corporation, and bilateral term loans, mainly for debt refinancing and partial funding of general corporate needs (company board meeting).
Narrative Update • Feb 20

ALI: Planned Debt Raise And Steady Margins Will Support Future Upside

Analysts have trimmed their price target on Ayala Land to ₱32.36 from ₱33.28, citing updated assumptions for the discount rate, modest revenue growth and profit margins, as well as a slightly higher future P/E multiple. What's in the News A board meeting on February 20, 2026 will consider raising up to ₱40 billion in funding with a tenor of up to 10 years through retail bonds, corporate notes, listing on the Philippine Dealing and Exchange Corporation, and/or bilateral term loans, primarily for debt refinancing and partial funding of general corporate requirements (Key Developments).
New Narrative • Feb 08

Leasing And Hospitality Headwinds Will Persist But Long Term Recurring Income Will Eventually Strengthen

Catalysts About Ayala Land Ayala Land is a diversified Philippine real estate company engaged in residential development, commercial leasing, hospitality, estates, industrial facilities and related services. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 06

ALI: Stable Fair Value And Lower Discount Rate Will Support Upside

Analysts have trimmed their price target for Ayala Land to ₱33.28. This reflects a slightly lower applied discount rate and a modestly reduced future P/E assumption, while keeping revenue growth and profit margin expectations essentially unchanged.
New Narrative • Jan 22

Mall, Office And Hospitality Expansion Will Support A Stronger Long Term Outlook

Catalysts About Ayala Land Ayala Land is a Philippine real estate company with businesses across residential development, malls, offices, hotels, resorts and industrial properties. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jan 21

ALI: Regular Cash Dividends And Higher Fair Value Will Support Upside

Analysts have adjusted their fair value estimate for Ayala Land to ₱33.28 from ₱32.37, reflecting refreshed assumptions around the discount rate, long term revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled on October 29, 2025 to consider the declaration of a regular cash dividend of ₱0.2928 per common share for the second half of 2025 (company disclosure) Board approval of a regular cash dividend of ₱0.2928 per common share for the second half of 2025 at the October 28, 2025 meeting, with record date on November 12, 2025 and payment date on November 26, 2025 (company disclosure) Valuation Changes Fair Value Estimate is now at ₱33.28 per share, compared with the previous ₱32.37.
Narrative Update • Jan 07

ALI: Regular Cash Dividends Will Support Share Price Upside Into Late 2025

Analysts have kept their fair value estimate for Ayala Land steady at ₱32.37 per share, with only slight model adjustments to the discount rate, revenue growth, profit margin and future P/E that reflect refinements rather than a change in their overall view. What's in the News A board meeting is scheduled on October 29, 2025 to consider the declaration of a regular cash dividend of ₱0.2928 per common share for the second half of 2025 (Key Developments).
Narrative Update • Dec 22

ALI: Regular Cash Dividends Will Support Share Price Upside Into Late 2025

Analysts have slightly lowered their price target for Ayala Land to PHP 32.37 from PHP 32.83, citing marginally softer expectations for revenue growth and profit margins, even though the discount rate has been modestly reduced and a slightly higher future P/E multiple has been assumed. What's in the News Board meeting scheduled for October 29, 2025, to consider declaration of a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 (Key Developments) Board approved a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 at the October 28, 2025, meeting, with record date on November 12, 2025, and payment date on November 26, 2025 (Key Developments) Valuation Changes Fair Value: Lowered slightly to ₱32.37 from ₱32.83, reflecting a modest reduction of about 1.4 percent.
Narrative Update • Dec 08

ALI: Regular Dividend Will Support Share Price Momentum Into Late 2025

Analysts have trimmed their fair value estimate for Ayala Land by roughly 5 percent to about ₱32.83 per share, reflecting expectations of slower revenue growth and slightly softer profit margins, despite a marginally lower discount rate and modestly reduced future P E assumptions. What's in the News A board meeting is scheduled for October 29, 2025 to consider the declaration of a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 (Key Developments).
Narrative Update • Nov 24

ALI: Regular Cash Dividend Will Support Share Price Momentum Into Late 2025

Analysts have revised their price target for Ayala Land downward from ₱36.58 to ₱34.70. They cite updated expectations for profitability, revenue growth, and valuation multiples as reasons for the change.
Narrative Update • Nov 02

ALI: Dividend Hike And Quezon City Acquisition Will Drive Upside

Analysts have raised their price target for Ayala Land from ₱35.90 to ₱36.58, citing modest improvements in profit margin expectations as well as a slight adjustment to projected growth and discount rates. What's in the News Ayala Land's Board of Directors approved a regular cash dividend of PHP 0.2928 per common share for the second half of 2025.
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New Narrative • Nov 27

Mega Infrastructure And Global Marketing Leap To Drive Dynamic Growth

Strategic expansion in high-demand areas and residential segments is poised to boost sales, bookings, and revenue growth.

Revenue & Expenses Breakdown

How Ayala Land makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:ALI Revenue, expenses and earnings (PHP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26184,13937,4629,7760
31 Dec 25190,21139,0429,5230
30 Sep 25177,35628,3759,1350
30 Jun 25179,53329,1979,0070
31 Mar 25183,28728,8088,9420
31 Dec 24180,73828,1548,7770
30 Sep 24175,15327,1958,8590
30 Jun 24167,12426,1668,7970
31 Mar 24158,95626,2088,7050
31 Dec 23148,85724,4298,3880
30 Sep 23139,16123,6057,9800
30 Jun 23139,22521,8687,6670
31 Mar 23132,84619,9007,3280
31 Dec 22126,55618,5556,8580
30 Sep 22119,85016,9206,5430
30 Jun 22110,52414,2046,3120
31 Mar 22106,12112,5556,0070
31 Dec 21106,14312,1666,1560
30 Sep 21105,55610,8876,7050
30 Jun 21104,03110,1886,9880
31 Mar 2192,5097,1237,2180
31 Dec 2096,2738,6657,6790
30 Sep 20110,45816,2838,5210
30 Jun 20126,77622,4888,4790
31 Mar 20157,51630,1269,1480
31 Dec 19168,79433,1269,0430
30 Sep 19170,01231,6199,0190
30 Jun 19170,86330,7988,9440
31 Mar 19170,74329,9848,8170
31 Dec 18166,18629,1798,7970
30 Sep 18159,05928,2037,8890
30 Jun 18154,07527,2697,7880
31 Mar 18143,21926,1967,1950
31 Dec 17140,99925,2437,0280
30 Sep 17136,28823,5957,0690
30 Jun 17132,62622,6187,0940
31 Mar 17127,69521,7027,0060
31 Dec 16123,26620,8466,8790
30 Sep 16117,40419,8046,6780
30 Jun 16111,19518,9206,5590
31 Mar 16109,11518,1556,4970
31 Dec 15105,69317,6306,4260
30 Sep 15101,95916,7786,2590
30 Jun 1599,64116,0756,2110

Quality Earnings: ALI has high quality earnings.

Growing Profit Margin: ALI's current net profit margins (20.3%) are higher than last year (15.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ALI's earnings have grown significantly by 25.2% per year over the past 5 years.

Accelerating Growth: ALI's earnings growth over the past year (30%) exceeds its 5-year average (25.2% per year).

Earnings vs Industry: ALI earnings growth over the past year (30%) exceeded the Real Estate industry 1.2%.

Return on Equity

High ROE: ALI's Return on Equity (11.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/27 18:57
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ayala Land, Inc. is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russ ToribioBofA Global Research
Edser TrinidadCGS International
Sureeporn SirisansaneeyawongCitigroup Inc