Italpinas Development Management

Management criteria checks 2/4

Italpinas Development's CEO is Romolo Nati, appointed in Jul 2016, has a tenure of 7.83 years. directly owns 24.99% of the company’s shares, worth ₱122.71M. The average tenure of the management team and the board of directors is 2.3 years and 8.3 years respectively.

Key information

Romolo Nati

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	7.8yrs
CEO ownership	25.0%
Management average tenure	2.3yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO

Romolo Nati (55 yo)

7.8yrs

Tenure

Mr. Romolo Valentino Nati has been the Chief Executive Officer at Italpinas Development Corporation since July 29, 2016 and also serves as its Executive Chairman. He served as Chief Operating Officer at It...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Romolo Nati	Executive Chairman & CEO	7.8yrs	no data	24.99% ₱ 122.7m
Jose Leviste	President	2.1yrs	no data	32.21% ₱ 158.2m
Mary Ann Lopez	VP of Finance & Administration and Head of Finance & Accounting	no data	no data	0.0031% ₱ 15.3k
Giuseppe Garofalo	COO & Director	2.9yrs	no data	0.53% ₱ 2.6m
Clara Marie Asuncion Elizaga	Senior Director for Operations & Investor's Relations	2.3yrs	no data	no data
Michael John Tantoco	External Counsel & Corporate Secretary	2.2yrs	no data	no data
Gladys Ivy Echano	Senior Director for Sales	less than a year	no data	0.0023% ₱ 11.1k
Harold Dacumos	Senior VP & Head of Banking and Business Operations Development	no data	no data	0.0061% ₱ 29.8k

2.3yrs

Average Tenure

46yo

Average Age

Experienced Management: IDC's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Romolo Nati	Executive Chairman & CEO	15.3yrs	no data	24.99% ₱ 122.7m
Jose Leviste	President	15.3yrs	no data	32.21% ₱ 158.2m
Giuseppe Garofalo	COO & Director	2.3yrs	no data	0.53% ₱ 2.6m
Christine Base	Director	9.3yrs	no data	0.091% ₱ 445.4k
Rafael Dominguez	Independent Director	7.8yrs	no data	0.00045% ₱ 2.2k
Jose Araullo	Lead Independent Director	8.8yrs	no data	0% ₱ 0
Dionisio Tejero	Director	4.6yrs	no data	0.00031% ₱ 1.5k
Emeraldo Magnaye	Independent Director	3.2yrs	no data	0.00023% ₱ 1.1k

8.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: IDC's board of directors are considered experienced (8.3 years average tenure).

Italpinas Development Management

Management criteria checks 2/4

Key information

Recent management updates

COO & Director recently bought ₱2.1m worth of stock

Italpinas Development Corporation Announces Resignation of Shennan A. Sy as Director and Treasurer, Effective November 22, 2023

Italpinas Development Corporation, Annual General Meeting, Jul 28, 2023

Less than half of directors are independent

Italpinas Development Corporation, Annual General Meeting, Nov 16, 2022

Less than half of directors are independent

Recent updates

New minor risk - Earnings quality

New minor risk - Share price stability

New major risk - Financial position

Full year 2023 earnings released: EPS: ₱0.30 (vs ₱0.19 in FY 2022)

COO & Director recently bought ₱2.1m worth of stock

Third quarter 2023 earnings released: EPS: ₱0.004 (vs ₱0.006 in 3Q 2022)

Italpinas Development Corporation Announces Resignation of Shennan A. Sy as Director and Treasurer, Effective November 22, 2023

Now 20% undervalued

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: ₱0.013 (vs ₱0.002 in 2Q 2022)

New minor risk - Profit margin trend

Italpinas Development Corporation, Annual General Meeting, Jul 28, 2023

Investor sentiment improves as stock rises 15%

Third quarter 2022 earnings released: EPS: ₱0.006 (vs ₱0.007 in 3Q 2021)

Less than half of directors are independent

Italpinas Development Corporation, Annual General Meeting, Nov 16, 2022

Second quarter 2022 earnings released: EPS: ₱0.002 (vs ₱0.005 in 2Q 2021)

Full year 2021 earnings released: EPS: ₱0.21 (vs ₱0.18 in FY 2020)

Less than half of directors are independent

Italpinas Development Corporation Announces Committee Changes

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Italpinas Development Corporation(PSE:IDC) dropped from PSE All Share Index

Second quarter 2021 earnings released: EPS ₱0.01 (vs ₱0.05 in 2Q 2020)

Executive VP of Investor Relations & Chief Administration Officer Welna Go has left the company

First quarter 2021 earnings released: EPS ₱0.05 (vs ₱0.036 in 1Q 2020)

Full year 2020 earnings released: EPS ₱0.26 (vs ₱0.56 in FY 2019)

Italpinas Development Corporation Announces Board Changes

Investor sentiment deteriorated over the past week

New 90-day low: ₱2.80

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Market pulls back on stock over the past week

Italpinas Development Corporation, Annual General Meeting, Jan 22, 2021

Third quarter 2020 earnings released: EPS ₱0.03

Third quarter 2020 earnings released: EPS ₱0.03

New 90-day high: ₱2.93

New 90-day high: ₱2.14

First half earnings released

New 90-day low - ₱1.62

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age