Converge Information and Communications Technology Solutions Management

Management criteria checks 2/4

Converge Information and Communications Technology Solutions' CEO is Dennis Anthony Uy, appointed in Jan 2007, has a tenure of 17.92 years. directly owns 1.53% of the company’s shares, worth ₱1.80B. The average tenure of the management team and the board of directors is 3.8 years and 4.5 years respectively.

Key information

Dennis Anthony Uy

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	17.9yrs
CEO ownership	1.5%
Management average tenure	3.8yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO

Dennis Anthony Uy (57 yo)

17.9yrs

Tenure

Mr. Dennis Anthony H. Uy served as Director at Axiado Corporation since November 2021 until 2024. He co-founded Converge Information and Communications Technology Solutions, Inc. (formerly known as Converg...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Anthony Uy	Founder	17.9yrs	no data	1.53% ₱ 1.8b
Maria Uy	Founder	17.9yrs	no data	1.53% ₱ 1.8b
Robert Yu	Chief Financial Officer	less than a year	no data	0.00033% ₱ 387.0k
Jesus Romero	Senior Executive VP & COO	no data	no data	no data
Owen Kieffer Ocampo	Investor Relations Director	3.9yrs	no data	0.000040% ₱ 46.9k
Elvira Oquendo	Corporate Secretary	4.5yrs	no data	no data
Laurice Esteban-Tuason	Senior VP	3.7yrs	no data	no data
Rex Emilio Azada	Executive VP	1.8yrs	no data	0.00035% ₱ 410.5k
Maria Grace de Jesus	Senior VP & Head of Corporate Affairs	no data	no data	no data
Anthony Vergel Velasco	VP & Head of Internal Audit	no data	no data	no data
Paulo Martin Santos	Executive VP & Chief Network Transformation Officer	2.6yrs	no data	no data
Bryan Christopher King Kay	VP and Head of Corporate Planning	no data	no data	no data

3.8yrs

Average Tenure

51.5yo

Average Age

Experienced Management: CNVRG's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Anthony Uy	Founder	11.9yrs	no data	1.53% ₱ 1.8b
Maria Uy	Founder	11.9yrs	no data	1.53% ₱ 1.8b
Jose de Jesus	Independent Non-Executive Chairman	4.5yrs	₱4.02m	0% ₱ 0
Francisco Lim	Non-Executive Director	4.5yrs	₱4.05m	0% ₱ 0
Amando Tetangco	Independent Non-Executive Director	4.5yrs	₱4.01m	0% ₱ 0
Roman Felipe Reyes	Independent Non-Executive Director	4.5yrs	₱4.12m	0% ₱ 0
Estela Perlas-Bernabe	Independent Non-Executive Director	1.6yrs	₱2.06m	0.000040% ₱ 46.9k

4.5yrs

Average Tenure

71yo

Average Age

Experienced Board: CNVRG's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 08:16
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Converge Information and Communications Technology Solutions, Inc. is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Emeterio Gonzales	BofA Global Research
Jonathan Madrid	BofA Global Research
Eunice Dolatre	CGS International

Converge Information and Communications Technology Solutions Management

Management criteria checks 2/4

Key information

Recent management updates

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Maria Grace De Jesus as Assistant Corporate Secretary, Effective October 5, 2024

Converge Information and Communications Technology Solutions, Inc. Appoints Mr. Robert Leo A. Yu as CFO

Insufficient new directors

Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 31, 2024

Converge Information and Communications Technology Solutions, Inc. Announces Management Changes

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ulysses C. Naguit as Executive Vice President and Chief Information Officer, Effective on December 31, 2023

Recent updates

Third quarter 2024 earnings released: EPS: ₱0.40 (vs ₱0.29 in 3Q 2023)

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Maria Grace De Jesus as Assistant Corporate Secretary, Effective October 5, 2024

Converge Information and Communications Technology Solutions, Inc. Approves Dividend Policy

Price target increased by 14% to ₱16.29

Converge Information and Communications Technology Solutions, Inc. Approves Special Cash Dividend, Payable on October 10, 2024

Converge Rules Out Sky Acquisition

Investor sentiment improves as stock rises 17%

Second quarter 2024 earnings released: EPS: ₱0.38 (vs ₱0.29 in 2Q 2023)

First quarter 2024 earnings released: EPS: ₱0.35 (vs ₱0.30 in 1Q 2023)

Converge Information and Communications Technology Solutions, Inc. Appoints Mr. Robert Leo A. Yu as CFO

Insufficient new directors

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2023 earnings released: EPS: ₱1.25 (vs ₱1.01 in FY 2022)

Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 31, 2024

Converge Information and Communications Technology Solutions, Inc. Announces Management Changes

Investor sentiment improves as stock rises 16%

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ulysses C. Naguit as Executive Vice President and Chief Information Officer, Effective on December 31, 2023

Third quarter 2023 earnings released: EPS: ₱0.29 (vs ₱0.30 in 3Q 2022)

Investor sentiment deteriorates as stock falls 16%

Now 22% undervalued after recent price drop

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ronald G. Brusola as Chief Technology Officer

Second quarter 2023 earnings released: EPS: ₱0.29 (vs ₱0.27 in 2Q 2022)

Now 22% undervalued after recent price drop

Insufficient new directors

Converge Information and Communications Technology Solutions, Inc. Announces Directorate Appointments

Price target decreased by 9.9% to ₱17.07

First quarter 2023 earnings released: EPS: ₱0.30 (vs ₱0.26 in 1Q 2022)

Full year 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%

Price target decreased by 7.7% to ₱20.27

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Price target decreased to ₱23.45

Investor sentiment deteriorated over the past week

Price target decreased to ₱26.46

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) announces an Equity Buyback for PHP 1,500 million worth of its shares.

Consensus forecasts updated

Chief Strategy Officer recently bought ₱2.7m worth of stock

Consensus EPS estimates fall by 18%

Second quarter 2022 earnings released: EPS: ₱0.27 (vs ₱0.23 in 2Q 2021)

Converge Information and Communications Technology Solutions, Inc. to Report First Half, 2022 Results on Aug 11, 2022

Investor sentiment improved over the past week

Chief Strategy Officer recently bought ₱196k worth of stock

Chief Strategy Officer recently bought ₱103k worth of stock

Converge Information and Communications Technology Solutions, Inc. Appoints Paulo Martin G. Santos as Chief Network Transformation Officer

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) announces an Equity Buyback for PHP 6,500 million worth of its shares.

Now 24% undervalued after recent price drop

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

Less than half of directors are independent

Full year 2021 earnings: EPS exceeds analyst expectations

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target increased to ₱34.61

Price target increased to ₱34.61

Price target increased to ₱33.88

Third quarter 2021 earnings released

Price target increased to ₱31.35

Price target increased to ₱31.89

Investor sentiment improved over the past week

Chief Information Officer recently bought ₱114k worth of stock

Chief Information Officer recently bought ₱87k worth of stock

Chief Operating Officer recently sold ₱1.4m worth of stock

Converge Information and Communications Technology Solutions, Inc.(PSE:CNVRG) dropped from Philippines PSE Composite Index

Second quarter 2021 earnings released: EPS ₱0.23 (vs ₱0.099 in 2Q 2020)

Investor sentiment improved over the past week

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) entered into a deed of absolute sale of shares of agreement to acquire 60% stake in Asia Netcom Philippines Corporation from Digital Telecommunications Phils Inc. for $2.6 million.

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) entered into a deed of absolute sale of shares to acquire 40% stake in Digitel Crossing Inc. from Digital Telecommunications Phils Inc. for $4.8 million.