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DDMP

DDMP REITPSE:DDMPR Stock Report

Last Price

₱1.79

Market Cap

₱31.9b

7D

0%

1Y

n/a

Updated

17 Jan, 2022

Data

Company Financials +
DDMPR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

DDMPR Stock Overview

DDMP REIT Inc. operates as a real estate investment trust company in the Philippines.

Price History & Performance

Summary of all time highs, changes and price drops for DDMP REIT
Historical stock prices
Current Share Price₱1.79
52 Week High₱2.40
52 Week Low₱1.75
Beta0
1 Month Change0.56%
3 Month Change-0.56%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-20.44%

Recent News & Updates

Shareholder Returns

DDMPRPH REITsPH Market
7D0%4.6%2.9%
1Yn/a4.4%0.8%

Return vs Industry: Insufficient data to determine how DDMPR performed against the PH REITs industry.

Return vs Market: Insufficient data to determine how DDMPR performed against the PH Market.

Price Volatility

Is DDMPR's price volatile compared to industry and market?
DDMPR volatility
DDMPR Average Weekly Movement1.5%
REITs Industry Average Movement2.9%
Market Average Movement4.8%
10% most volatile stocks in PH Market8.9%
10% least volatile stocks in PH Market2.7%

Stable Share Price: DDMPR is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: DDMPR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aInjap Siahttps://ddmpreit.com

DDMP REIT Inc. operates as a real estate investment trust company in the Philippines. Its property portfolio consists of six office towers with retail components in DD Meridian Park. The company was formerly known as DD-Meridian Park Development Corp. and changed its name to DDMP REIT Inc. in November 2020.

DDMP REIT Fundamentals Summary

How do DDMP REIT's earnings and revenue compare to its market cap?
DDMPR fundamental statistics
Market Cap₱31.91b
Earnings (TTM)₱3.44b
Revenue (TTM)₱2.24b

9.3x

P/E Ratio

14.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DDMPR income statement (TTM)
Revenue₱2.24b
Cost of Revenue₱676.45k
Gross Profit₱2.24b
Expenses-₱1.20b
Earnings₱3.44b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin99.97%
Net Profit Margin153.43%
Debt/Equity Ratio0.0%

How did DDMPR perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

75%

Payout Ratio

Valuation

Is DDMP REIT undervalued compared to its fair value and its price relative to the market?

31.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DDMPR (PHP1.79) is trading below our estimate of fair value (PHP2.63)

Significantly Below Fair Value: DDMPR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DDMPR is good value based on its PE Ratio (9.3x) compared to the Asian REITs industry average (22.7x).

PE vs Market: DDMPR is good value based on its PE Ratio (9.3x) compared to the PH market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: DDMPR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DDMPR is good value based on its PB Ratio (0.9x) compared to the XA REITs industry average (1.1x).


Future Growth

How is DDMP REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-17.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DDMPR's earnings are forecast to decline over the next 3 years (-17.2% per year).

Earnings vs Market: DDMPR's earnings are forecast to decline over the next 3 years (-17.2% per year).

High Growth Earnings: DDMPR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DDMPR's revenue (3.4% per year) is forecast to grow slower than the PH market (13.1% per year).

High Growth Revenue: DDMPR's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DDMPR's Return on Equity is forecast to be low in 3 years time (5.1%).


Past Performance

How has DDMP REIT performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DDMPR has a large one-off gain of PHP530.9M impacting its September 30 2021 financial results.

Growing Profit Margin: DDMPR's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: DDMPR's earnings have grown by 14.4% per year over the past 5 years.

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

Earnings vs Industry: DDMPR had negative earnings growth (-40.8%) over the past year, making it difficult to compare to the REITs industry average (2.6%).


Return on Equity

High ROE: DDMPR's Return on Equity (9.3%) is considered low.


Financial Health

How is DDMP REIT's financial position?


Financial Position Analysis

Short Term Liabilities: DDMPR's short term assets (PHP3.5B) exceed its short term liabilities (PHP926.0M).

Long Term Liabilities: DDMPR's short term assets (PHP3.5B) do not cover its long term liabilities (PHP7.6B).


Debt to Equity History and Analysis

Debt Level: DDMPR is debt free.

Reducing Debt: DDMPR had no debt 5 years ago.

Debt Coverage: DDMPR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DDMPR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is DDMP REIT current dividend yield, its reliability and sustainability?

4.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DDMPR's dividend (4.24%) is higher than the bottom 25% of dividend payers in the PH market (1.12%).

High Dividend: DDMPR's dividend (4.24%) is in the top 25% of dividend payers in the PH market (4.1%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DDMPR's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DDMPR's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.3%), DDMPR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DDMPR's dividends in 3 years are not forecast to be well covered by earnings (105.6% payout ratio).


Next Steps

Management

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

6.3yrs

Average board tenure


CEO

Injap Sia (44 yo)

no data

Tenure

Mr. Edgar J. Sia, II serves as Chairman and Chief Executive Officer of MerryMart Consumer Corp. since 2019. Mr. Sia serves as Chairman and Chief Executive Officer at DDMP REIT Inc and has been its Director...


Board Members

Experienced Board: DDMPR's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: DDMPR only recently listed within the past 12 months.


Top Shareholders

Company Information

DDMP REIT Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: DDMP REIT Inc.
  • Ticker: DDMPR
  • Exchange: PSE
  • Founded: 2014
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: ₱31.911b
  • Shares outstanding: 17.83b
  • Website: https://ddmpreit.com

Location

  • DDMP REIT Inc.
  • DoubleDragon Plaza
  • 10th Floor, Tower 1
  • Pasay
  • 1302
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:38
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.