PSE:ALI

Stock Analysis Report

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Executive Summary

Ayala Land, Inc. operates as a diversified real estate company in the Philippines. More Details


Snowflake Analysis

High growth potential with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Ayala Land's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALI is not significantly more volatile than the rest of PH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ALI's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

ALI

2.0%

PH Real Estate

3.3%

PH Market


1 Year Return

-12.4%

ALI

-11.1%

PH Real Estate

-8.4%

PH Market

Return vs Industry: ALI underperformed the PH Real Estate industry which returned -11.1% over the past year.

Return vs Market: ALI underperformed the PH Market which returned -8.4% over the past year.


Shareholder returns

ALIIndustryMarket
7 Day-1.3%2.0%3.3%
30 Day13.4%12.9%10.1%
90 Day31.3%27.4%19.9%
1 Year-11.8%-12.4%-10.3%-11.1%-6.5%-8.4%
3 Year-6.1%-8.9%-3.6%-7.1%-6.7%-12.2%
5 Year18.5%12.1%31.8%23.4%16.5%4.9%

Long-Term Price Volatility Vs. Market

How volatile is Ayala Land's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ayala Land undervalued compared to its fair value and its price relative to the market?

35.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALI (PHP39) is trading above our estimate of fair value (PHP38.73)

Significantly Below Fair Value: ALI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALI is poor value based on its PE Ratio (35.4x) compared to the PH Real Estate industry average (8.9x).

PE vs Market: ALI is poor value based on its PE Ratio (35.4x) compared to the PH market (14.2x).


Price to Earnings Growth Ratio

PEG Ratio: ALI is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: ALI is overvalued based on its PB Ratio (2.6x) compared to the PH Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Ayala Land forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

51.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALI's forecast earnings growth (51.3% per year) is above the savings rate (5.1%).

Earnings vs Market: ALI's earnings (51.3% per year) are forecast to grow faster than the PH market (31.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALI's revenue (29.7% per year) is forecast to grow faster than the PH market (13.3% per year).

High Growth Revenue: ALI's revenue (29.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALI's Return on Equity is forecast to be low in 3 years time (12.8%).


Next Steps

Past Performance

How has Ayala Land performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALI has high quality earnings.

Growing Profit Margin: ALI's current net profit margins (14.7%) are lower than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: ALI's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: ALI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ALI had negative earnings growth (-48.5%) over the past year, making it difficult to compare to the Real Estate industry average (-16.8%).


Return on Equity

High ROE: ALI's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Ayala Land's financial position?


Financial Position Analysis

Short Term Liabilities: ALI's short term assets (PHP317.6B) exceed its short term liabilities (PHP206.3B).

Long Term Liabilities: ALI's short term assets (PHP317.6B) exceed its long term liabilities (PHP256.5B).


Debt to Equity History and Analysis

Debt Level: ALI's debt to equity ratio (81.8%) is considered high.

Reducing Debt: ALI's debt to equity ratio has reduced from 88.8% to 81.8% over the past 5 years.

Debt Coverage: ALI's debt is not well covered by operating cash flow (8%).

Interest Coverage: ALI's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

What is Ayala Land current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALI's dividend (1.37%) is higher than the bottom 25% of dividend payers in the PH market (1.25%).

High Dividend: ALI's dividend (1.37%) is low compared to the top 25% of dividend payers in the PH market (4.28%).


Stability and Growth of Payments

Stable Dividend: ALI's dividends per share have been stable in the past 10 years.

Growing Dividend: ALI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as ALI has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: ALI's dividends in 3 years are forecast to be well covered by earnings (21.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Bobby Dy (57 yo)

6.58yrs

Tenure

Mr. Bernard Vincent Olmedo Dy, also known as Bobby, is Director at AREIT, Inc. He has been the Chief Executive Officer and President of Ayala Land, Inc. (ALI) since April 7, 2014 and served as Chief Operat...


Leadership Team

NamePositionTenureCompensationOwnership
Bernard Vincent Dy
President6.58yrsno data0.11%
PHP 626.6m
Augusto Cesar Bengzon
Senior VP3.58yrsno data0.022%
PHP 124.9m
Amelia Alipao
Chief Information Officer & Data Protection Officerno datano data0.011%
PHP 61.8m
Michael Anthony Garcia
Head for Investor Communications & Compliance Divisionno datano datano data
Solomon Hermosura
Group General Counsel & Corporate Secretary5.58yrsno data0%
PHP 0
Eliezer Tanlapco
VP and Group Head of HR & Public Affairsno datano data0.0025%
PHP 13.8m
Jaime Ysmael
Senior Vice President2.58yrsno data0.060%
PHP 334.8m
Maria Rowena Victoria Tomeldan
VP and Head of the Real Estate Logistics & Special Investments15.83yrsno data0.010%
PHP 58.3m
Jose Emmanuel Jalandoni
Group Head of Commercial Business & Senior VPno datano data0.051%
PHP 282.5m
Maria Corazon Gana Dizon
Head of Ali Capital Corporationno datano datano data
Dante Abando
Senior Vice President4.83yrsno data0.039%
PHP 217.3m
Dindo Fernando
VP & Head of External Affairs2.83yrsno data0.0074%
PHP 41.0m

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: ALI's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bernard Vincent Dy
President6.58yrsno data0.11%
PHP 626.6m
Fernando Zobel de Ayala
Chairman of the Board21.58yrs₱3.10m0.0012%
PHP 6.9m
Jaime Augusto-Miranda de Ayala
Vice Chairman of the Board32.42yrs₱2.90m0.000080%
PHP 444.9k
Arturo Corpuz
Non-Executive Director4.58yrs₱2.50m0.040%
PHP 220.6m
Sherisa Nuesa
Independent Director0.58yrno data0.027%
PHP 150.9m
Antonino Aquino
Non-Executive Director11.58yrs₱3.50m0.14%
PHP 766.5m
Rex Maria Mendoza
Independent Director0.58yrno data0.027%
PHP 147.7m
Rizalina Mantaring
Lead Independent Director0.58yr₱3.60m0.00027%
PHP 1.5m
Cesar Purisima
Independent Director2.58yrs₱3.20m0%
PHP 0

4.6yrs

Average Tenure

60yo

Average Age

Experienced Board: ALI's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ALI insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ayala Land, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ayala Land, Inc.
  • Ticker: ALI
  • Exchange: PSE
  • Founded: 1988
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₱556.072b
  • Shares outstanding: 14.73b
  • Website: https://www.ayalaland.com.ph

Number of Employees


Location

  • Ayala Land, Inc.
  • Tower One and Exchange Plaza
  • 31st Floor
  • Makati City
  • 1226
  • Philippines

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AYAA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1997
ALIPSE (Philippines Stock Exchange)YesCommon SharesPHPHPSep 1997
AYAA.YOTCPK (Pink Sheets LLC)ADRUSUSDMay 2014

Biography

Ayala Land, Inc. operates as a diversified real estate company in the Philippines. It operates through Property Developments, International, Shopping Centers, Offices, Hotels and Resorts, Construction, and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 14:36
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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 here.