Cebu Landmasters (PSE:CLI) - Share price, News & Analysis

CLI fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	3/6
Financial Health	3/6
Dividends	2/6

CLI Stock Overview

Cebu Landmasters, Inc. engages in the development, leasing, management, and sale of real estate properties in the Philippines.

Rewards

Trading at 2.6% below our estimate of its fair value

Earnings are forecast to grow 16.4% per year

Earnings have grown 15.8% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.5% is not well covered by earnings

Cebu Landmasters Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cebu Landmasters
Historical stock prices
Current Share Price	₱2.49
52 Week High	₱4.09
52 Week Low	₱2.48
Beta	0.65
1 Month Change	-9.78%
3 Month Change	-16.16%
1 Year Change	-38.97%
3 Year Change	14.96%
5 Year Change	3.98%
Change since IPO	7.61%

Shareholder Returns

	CLI	PH Real Estate	PH Market
7D	-4.2%	-6.9%	-4.3%
1Y	-39.0%	-15.8%	-9.5%

Return vs Industry: CLI underperformed the PH Real Estate industry which returned -15.8% over the past year.

Return vs Market: CLI underperformed the PH Market which returned -9.5% over the past year.

Price Volatility

Is CLI's price volatile compared to industry and market?
CLI volatility
CLI Average Weekly Movement	4.2%
Real Estate Industry Average Movement	5.1%
Market Average Movement	5.2%
10% most volatile stocks in PH Market	10.1%
10% least volatile stocks in PH Market	3.2%

Stable Share Price: CLI is not significantly more volatile than the rest of PH stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CLI's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	682	Jose Soberano	https://www.cebulandmasters.com

Cebu Landmasters, Inc. engages in the development, leasing, management, and sale of real estate properties in the Philippines. It operates through Real Estate, Rental, Management Services, and Hotel Operations segments. The Real Estate segment engages in the development and sale of residential and office units to individual and corporate buyers.

Cebu Landmasters Fundamentals Summary

How do Cebu Landmasters's earnings and revenue compare to its market cap?
CLI fundamental statistics
Market Cap	₱8.63b
Earnings (TTM)	₱2.71b
Revenue (TTM)	₱12.40b

3.2x

P/E Ratio

0.7x

P/S Ratio

Is CLI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLI income statement (TTM)
Revenue	₱12.40b
Cost of Revenue	₱6.69b
Gross Profit	₱5.70b
Other Expenses	₱2.99b
Earnings	₱2.71b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.78
Gross Margin	46.01%
Net Profit Margin	21.86%
Debt/Equity Ratio	176.8%

How did CLI perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

10%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is CLI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CLI?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CLI. This is calculated by dividing CLI's market cap by their current preferred multiple.
What is CLI's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₱8.63b

CLI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4x
Enterprise Value/EBITDA	12.5x
PEG Ratio	0.2x

Price to Earnings Ratio vs Peers

How does CLI's PE Ratio compare to its peers?

CLI PE Ratio vs Peers

The above table shows the PE ratio for CLI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	117.7x

Forward PE

Price-To-Earnings vs Peers: CLI is good value based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (117.7x).

Price to Earnings Ratio vs Industry

How does CLI's PE Ratio compare vs other companies in the Filipino Real Estate Industry?

Price-To-Earnings vs Industry: CLI is good value based on its Price-To-Earnings Ratio (3.2x) compared to the PH Real Estate industry average (7.3x)

Price to Earnings Ratio vs Fair Ratio

What is CLI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CLI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	3.2x
Fair PE Ratio	11x

Price-To-Earnings vs Fair Ratio: CLI is good value based on its Price-To-Earnings Ratio (3.2x) compared to the estimated Fair Price-To-Earnings Ratio (11x).

Share Price vs Fair Value

What is the Fair Price of CLI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CLI (₱2.49) is trading below our estimate of fair value (₱2.56)

Significantly Below Fair Value: CLI is trading below fair value, but not by a significant amount.

Price to Earnings Growth Ratio

PEG Ratio: CLI is good value based on its PEG Ratio (0.2x)

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Future Growth

How is Cebu Landmasters forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

16.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLI's forecast earnings growth (16.4% per year) is above the savings rate (4.9%).

Earnings vs Market: CLI's earnings (16.4% per year) are forecast to grow slower than the PH market (18.7% per year).

High Growth Earnings: CLI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CLI's revenue (15.9% per year) is forecast to grow faster than the PH market (9.9% per year).

High Growth Revenue: CLI's revenue (15.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CLI's Return on Equity is forecast to be high in 3 years time (21.8%)

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Past Performance

How has Cebu Landmasters performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

15.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLI has high quality earnings.

Growing Profit Margin: CLI's current net profit margins (21.9%) are lower than last year (23.3%).

Past Earnings Growth Analysis

Earnings Trend: CLI's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: CLI's earnings growth over the past year (36.3%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: CLI earnings growth over the past year (36.3%) underperformed the Real Estate industry 38%.

Return on Equity

High ROE: CLI's Return on Equity (14.7%) is considered low.

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Financial Health

How is Cebu Landmasters's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CLI's short term assets (₱39.7B) exceed its short term liabilities (₱23.9B).

Long Term Liabilities: CLI's short term assets (₱39.7B) exceed its long term liabilities (₱27.3B).

Debt to Equity History and Analysis

Debt Level: CLI's net debt to equity ratio (171.6%) is considered high.

Reducing Debt: CLI's debt to equity ratio has increased from 154.3% to 176.8% over the past 5 years.

Debt Coverage: CLI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CLI's interest payments on its debt are well covered by EBIT (12.7x coverage).

Balance Sheet

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Dividend

What is Cebu Landmasters's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CLI's dividend (4.5%) is higher than the bottom 25% of dividend payers in the PH market (1.53%).

High Dividend: CLI's dividend (4.5%) is low compared to the top 25% of dividend payers in the PH market (5.02%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CLI has been paying a dividend for less than 10 years.

Growing Dividend: CLI's dividend payments have increased, but the company has only paid a dividend for 4 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.4%), CLI's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: CLI is paying a dividend but the company has no free cash flows.

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Management

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

5.7yrs

Average management tenure

CEO

Jose Soberano (65 yo)

19.42yrs

Tenure

Mr. Jose R. Soberano, III, has been Chairman, Chief Executive Officer and President of Cebu Landmasters, Inc. since 2003. Mr. Soberano obtained a Bachelor of Arts degree in Economics from the Ateneo De Man...

Leadership Team

Experienced Management: CLI's management team is seasoned and experienced (5.7 years average tenure).

Board Members

Experienced Board: CLI's board of directors are considered experienced (8.9 years average tenure).

Ownership

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

Insider Trading Volume

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

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31