Belle Corporation
PSE:BEL Stock Report
Belle Balance Sheet Health
Financial Health criteria checks 5/6 Belle has a total shareholder equity of ₱40.0B and total debt of ₱10.3B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are ₱60.4B and ₱20.4B respectively. Belle's EBIT is ₱2.4B making its interest coverage ratio 4. It has cash and short-term investments of ₱3.9B.
Key information
25.7%
Debt to equity ratio
Interest coverage ratio 4x Cash ₱3.91b Equity ₱40.02b Total liabilities ₱20.35b Total assets ₱60.38b
Recent financial health updates
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Third quarter 2024 earnings released Nov 08
Second quarter 2024 earnings released Aug 09
Investor sentiment improves as stock rises 26% May 08
First quarter 2024 earnings released Apr 26
Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC). Mar 13
Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC). Mar 12
Investor sentiment improves as stock rises 52% Mar 11
Full year 2023 earnings released: EPS: ₱0.20 (vs ₱0.15 in FY 2022) Mar 01
Belle Corporation, Annual General Meeting, Apr 22, 2024 Feb 29
Third quarter 2023 earnings released Oct 28
Second quarter 2023 earnings released: EPS: ₱0.27 (vs ₱0.056 in 2Q 2022) Jul 28
First quarter 2023 earnings released: EPS: ₱0.054 (vs ₱0.044 in 1Q 2022) Apr 28
Full year 2022 earnings released: EPS: ₱0.15 (vs ₱0.061 in FY 2021) Mar 02
Belle Corporation, Annual General Meeting, Apr 24, 2023 Jan 27
Less than half of directors are independent Nov 16
Third quarter 2022 earnings released Oct 28
Executive Chairman recently bought ₱9.8m worth of stock Oct 12
Now 20% undervalued after recent price drop Sep 27
Second quarter 2022 earnings released: EPS: ₱0.056 (vs ₱0.043 loss in 2Q 2021) Jul 31
Belle Corporation Announces Director Changes Jul 29
Belle Corporation Announces Resignation of Jaime J. Bautista A Independent Directors Jun 30
Less than half of directors are independent Apr 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Mar 03 Belle Corporation Appoints Armin Antonio B. Raquel Santos as Member of the Executive Committee
Third quarter 2021 earnings released: ₱0.12 loss per share (vs ₱0.015 profit in 3Q 2020) Nov 01
Second quarter 2021 earnings released Aug 02
Independent Director Gregorio Kilayko has left the company Jul 06
Lead Independent Director Cesar E. Virata has left the company Jul 06
Chairperson Emilio de Quiros has left the company Jul 06
Executive Chairman recently bought ₱487k worth of stock May 21
First quarter 2021 earnings released: EPS ₱0.33 (vs ₱0.053 in 1Q 2020) May 15
Price target increased to ₱1.45 Apr 21
Full year 2020 earnings released: EPS ₱0.11 (vs ₱0.28 in FY 2019) Apr 20
Corporate Secretary has left the company Mar 27
New 90-day low: ₱1.52 Mar 11
Belle Corporation Announces Resignation of Ricardo L. Moldez as Director Feb 22
Non-Executive Director has left the company Feb 22
Chairman recently bought ₱252k worth of stock Feb 19
Chairman recently bought ₱167k worth of stock Jan 26
Belle Corporation, Annual General Meeting, Apr 26, 2021 Dec 19
New 90-day high: ₱1.74 Dec 14
Chairman recently bought ₱168k worth of stock Nov 25
Chairman recently bought ₱57k worth of stock Nov 11
New 90-day high: ₱1.50 Nov 06
Chairman recently bought ₱1.5m worth of stock Nov 06
Third quarter earnings released Oct 24
New 90-day high: ₱1.40 Oct 22
Chairman recently bought ₱134k worth of stock Sep 10
New 90-day low - ₱1.33 Aug 27
Financial Position Analysis
Short Term Liabilities: BEL's short term assets (₱13.4B) exceed its short term liabilities (₱10.1B).
Long Term Liabilities: BEL's short term assets (₱13.4B) exceed its long term liabilities (₱10.2B).
Debt to Equity History and Analysis
Debt Level: BEL's net debt to equity ratio (16%) is considered satisfactory .
Reducing Debt: BEL's debt to equity ratio has increased from 22.7% to 25.7% over the past 5 years.
Debt Coverage: BEL's debt is well covered by operating cash flow (40.8%).
Interest Coverage: BEL's interest payments on its debt are well covered by EBIT (4x coverage).
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