Converge Information and Communications Technology Solutions Past Earnings Performance

Past criteria checks 6/6

Converge Information and Communications Technology Solutions has been growing earnings at an average annual rate of 28.8%, while the Telecom industry saw earnings growing at 14.1% annually. Revenues have been growing at an average rate of 25.3% per year. Converge Information and Communications Technology Solutions's return on equity is 21%, and it has net margins of 28%.

Key information

28.8%

Earnings growth rate

24.2%

EPS growth rate

Telecom Industry Growth	11.5%
Revenue growth rate	25.3%
Return on equity	21.0%
Net Margin	28.0%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Converge Information and Communications Technology Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:CNVRG Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	39,049	10,941	8,669
30 Jun 24	37,516	10,106	8,269
31 Mar 24	36,257	9,476	8,331
31 Dec 23	35,359	9,097	8,062
30 Sep 23	35,463	7,700	8,954
30 Jun 23	35,004	7,773	8,689
31 Mar 23	34,590	7,641	8,248
31 Dec 22	33,696	7,439	7,792
30 Sep 22	32,129	8,067	7,701
30 Jun 22	30,751	7,857	7,093
31 Mar 22	28,679	7,579	6,398
31 Dec 21	26,479	7,158	5,556
30 Sep 21	23,806	6,396	5,237
30 Jun 21	20,944	5,381	4,732
31 Mar 21	18,178	4,363	4,005
31 Dec 20	15,652	3,388	3,493
30 Sep 20	13,423	2,430	2,806
30 Jun 20	11,687	2,008	2,436
31 Mar 20	10,189	1,714	2,201
31 Dec 19	9,139	1,960	1,945
01 Jan 19	5,055	1,257	1,038
31 Dec 17	2,940	1,231	513
31 Dec 16	1,894	574	356

Quality Earnings: CNVRG has high quality earnings.

Growing Profit Margin: CNVRG's current net profit margins (28%) are higher than last year (21.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CNVRG's earnings have grown significantly by 28.8% per year over the past 5 years.

Accelerating Growth: CNVRG's earnings growth over the past year (42.1%) exceeds its 5-year average (28.8% per year).

Earnings vs Industry: CNVRG earnings growth over the past year (42.1%) exceeded the Telecom industry 1.3%.

Return on Equity

High ROE: CNVRG's Return on Equity (21%) is considered high.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 04:52
End of Day Share Price	2025/01/31 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 Past Earnings Performance

Past criteria checks 6/6

Key information

Recent past performance updates

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

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)

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)

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

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.