New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₱195m revenue, or US$3.2m). Market cap is less than US$100m (₱1.16b market cap, or US$18.9m). Reported Earnings • May 09
Full year 2025 earnings released: EPS: ₱0.064 (vs ₱0.022 in FY 2024) Full year 2025 results: EPS: ₱0.064 (up from ₱0.022 in FY 2024). Net income: ₱186.5m (up 197% from FY 2024). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (-542% net profit margin). Market cap is less than US$100m (₱925.2m market cap, or US$15.9m). Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Roberto De Venecia was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 08
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (-542% net profit margin). Market cap is less than US$100m (₱925.2m market cap, or US$15.7m). New Risk • Oct 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Revenue is less than US$5m (₱116m revenue, or US$2.0m). Market cap is less than US$100m (₱939.6m market cap, or US$16.1m). Announcement • Sep 02
Philippine Estates Corporation, Annual General Meeting, Oct 10, 2025 Philippine Estates Corporation, Annual General Meeting, Oct 10, 2025. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Revenue is less than US$5m (₱116m revenue, or US$2.0m). Market cap is less than US$100m (₱968.5m market cap, or US$16.8m). Reported Earnings • Aug 01
Second quarter 2025 earnings released: ₱0.001 loss per share (vs ₱0 in 2Q 2024) Second quarter 2025 results: ₱0.001 loss per share (further deteriorated from ₱0 in 2Q 2024). Net loss: ₱4.18m (down ₱4.22m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (₱130m revenue, or US$2.3m). Market cap is less than US$100m (₱795.1m market cap, or US$14.3m). New Risk • May 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₱139m (US$2.5m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Revenue is less than US$5m (₱139m revenue, or US$2.5m). Market cap is less than US$100m (₱809.5m market cap, or US$14.5m). Board Change • Dec 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Ruben Torres was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (₱737.2m market cap, or US$12.5m). Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: ₱0.013 (vs ₱0.003 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.013 (up from ₱0.003 in 3Q 2023). Revenue: ₱229.1m (up 499% from 3Q 2023). Net income: ₱37.5m (up 335% from 3Q 2023). Profit margin: 16% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is significantly lagging earnings. Announcement • Oct 30
Philippine Estates Corporation Announces Management Appointments, Effective November 1, 2024 On October 30, 2024, Philippine Estates Corporation announced appointment of AMANDO J. PONSARAN, JR. as Corporate Secretary and CHRISTINE P. VALENZUELA as Assistant Corporate Secretary, Effective November 1, 2024. Reported Earnings • Aug 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₱42.4m (down 39% from 2Q 2023). Net income: ₱39.7k (down 100% from 2Q 2023). Profit margin: 0.1% (down from 23% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2023 earnings released: EPS: ₱0.02 (vs ₱0.012 in FY 2022) Full year 2023 results: EPS: ₱0.02 (up from ₱0.012 in FY 2022). Revenue: ₱277.1m (up 23% from FY 2022). Net income: ₱58.5m (up 112% from FY 2022). Profit margin: 21% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Philippine Estates Corporation, Annual General Meeting, Jun 11, 2024 Philippine Estates Corporation, Annual General Meeting, Jun 11, 2024, at 14:00 Singapore Standard Time. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (63% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (₱248m revenue, or US$4.5m). Market cap is less than US$100m (₱1.01b market cap, or US$18.2m). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ₱0.003 (vs ₱0 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.003 (up from ₱0 in 3Q 2022). Revenue: ₱38.3m (down 63% from 3Q 2022). Net income: ₱8.62m (up ₱8.18m from 3Q 2022). Profit margin: 23% (up from 0.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: ₱0.01 (vs ₱0 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.01 (up from ₱0 in 2Q 2022). Revenue: ₱69.0m (up 80% from 2Q 2022). Net income: ₱15.5m (up ₱15.4m from 2Q 2022). Profit margin: 23% (up from 0.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Philippine Estates Corporation, Annual General Meeting, Oct 12, 2023 Philippine Estates Corporation, Annual General Meeting, Oct 12, 2023, at 10:00 Singapore Standard Time. Location: 6th Floor, One Corporate Centre, Doña Julia Vargas Ave. cor. Meralco Ave., Ortigas Center, Pasig City Philippines Agenda: To consider approval of the Minutes of the Previous Stockholders' Meeting for the year 2022; to consider President's Report to the Stockholders and Approval of the Annual Report for the Year 2022; to consider Ratifications of the Acts of the Board and Management for the year 2022; to consider Election of the Board of Directors to Serve for the Term 2023-2024; to consider Appointment of External Auditor for the year 2023; to consider Appointment of External Counsel for the year 2023; and to consider Other matters. New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Revenue is less than US$5m (₱223m revenue, or US$4.0m). Market cap is less than US$100m (₱983.0m market cap, or US$17.8m). Reported Earnings • May 19
Full year 2022 earnings released: EPS: ₱0.012 (vs ₱0.006 in FY 2021) Full year 2022 results: EPS: ₱0.012 (up from ₱0.006 in FY 2021). Revenue: ₱224.7m (down 6.2% from FY 2021). Net income: ₱27.6m (up 139% from FY 2021). Profit margin: 12% (up from 4.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₱0 (vs ₱0 in 3Q 2021) Third quarter 2022 results: EPS: ₱0 (in line with 3Q 2021). Revenue: ₱103.6m (up 137% from 3Q 2021). Net income: ₱442.1k (down 54% from 3Q 2021). Profit margin: 0.4% (down from 2.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Josaias T. Cruz was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 22
Philippine Estates Corporation, Annual General Meeting, Oct 07, 2022 Philippine Estates Corporation, Annual General Meeting, Oct 07, 2022, at 10:00 Singapore Standard Time. Agenda: To consider the Election of the Board of Directors to Serve for the Term 2022-2023; to consider the appointment of External Auditor for the year 2023; to consider the appointment of External Counsel for the year 2023; to consider the approval of the Minutes of the Previous Stockholders' Meeting for the year 2021 and including the minutes dated July 05, 2022 with respect to the renewal of the credit facilities with Philippine Bank of Communication; and to consider other matters if any. Reported Earnings • Aug 14
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₱38.4m (down 34% from 2Q 2021). Net income: ₱136.2k (down 62% from 2Q 2021). Profit margin: 0.4% (down from 0.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS: ₱0.006 (vs ₱0 in FY 2020) Full year 2021 results: EPS: ₱0.006 (up from ₱0 in FY 2020). Revenue: ₱239.7m (up 10.0% from FY 2020). Net income: ₱11.5m (up ₱11.0m from FY 2020). Profit margin: 4.8% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Josaias T. Cruz was the last independent director to join the board, commencing their role in 2021. 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 03
Philippine Estates Corporation Announces Executive Changes Philippine Estates Corporation announced resignation/Removal or Replacement of Mariel L. Francisco as Assistant Corporate Secretary, Effective Date of Resignation/Cessation is 02/19/2022 and Election or Appointment of Amando J. Ponsaran, Jr. as Assistant Corporate Secretary, Effective Date of Appointment is 02/19/2022. Mr. Ponsaran is currently a Senior Manager Corporate Services Group, in Corporate Philippines, Law Offices. Reported Earnings • Nov 10
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₱43.7m (down 37% from 3Q 2020). Net income: ₱965.3k (up 113% from 3Q 2020). Profit margin: 2.2% (up from 0.7% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2021 earnings released The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: ₱58.6m (up 111% from 2Q 2020). Net income: ₱357.2k (down 85% from 2Q 2020). Profit margin: 0.6% (down from 8.4% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱217.9m (up 2.5% from FY 2019). Net income: ₱545.6k (up ₱1.51m from FY 2019). Profit margin: 0.3% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 01
Chief Risk Officer & Director has left the company On the 25th of March, James Palit-Ang's tenure in the role of Chief Risk Officer & Director ended. As of December 2020, James personally held only 1.00k shares (₱425 worth at the time). James is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 25
New 90-day high: ₱0.45 The company is up 5.0% from its price of ₱0.43 on 27 November 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day high: ₱0.40 The company is up 38% from its price of ₱0.29 on 05 August 2020. The Filipino market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 09
New 90-day high: ₱0.34 The company is up 21% from its price of ₱0.28 on 10 July 2020. The Filipino market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 7.0% over the same period.