SPC Power Management

Management criteria checks 2/4

SPC Power's CEO is Dennis Villareal, appointed in Aug 1994, has a tenure of 30.25 years. directly owns 0.43% of the company’s shares, worth ₱59.18M. The average tenure of the management team and the board of directors is 8.8 years and 3 years respectively.

Key information

Dennis Villareal

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	30.3yrs
CEO ownership	0.4%
Management average tenure	8.8yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO

Dennis Villareal (82 yo)

30.3yrs

Tenure

Mr. Dennis T. Villareal is a Founder and has been President and Chief Executive Officer of SPC Power Corporation since August 17, 1994. Mr. Villareal serves as President and a Director of the following cor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Villareal	Founder	30.3yrs	no data	0.43% ₱ 59.2m
Chan Lim	Co-Founder	no data	no data	no data
Jaime Balisacan	Senior VP of Finance & Administration and Treasurer	6.6yrs	no data	0.0035% ₱ 478.3k
Cesar Villegas	Senior Vice President of Operations & Business Development	no data	no data	0.018% ₱ 2.5m
Maria Luz Caminero	Senior VP of Legal & Regulatory Affairs & Compliance Officer	11yrs	no data	0% ₱ 0
Alberto Victor Fenix	Executive Director	no data	₱640.00k	0.057% ₱ 7.9m
James Villareal	Executive VP & Director	no data	no data	0.018% ₱ 2.5m
Nino D. Aguirre	VP of Finance & Treasurer	no data	no data	no data
Victor Lazatin	Corporate Secretary	4.4yrs	no data	no data

8.8yrs

Average Tenure

69yo

Average Age

Experienced Management: SPC's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Villareal	Founder	30.3yrs	no data	0.43% ₱ 59.2m
Alberto Victor Fenix	Executive Director	30.3yrs	₱640.00k	0.057% ₱ 7.9m
James Villareal	Executive VP & Director	3yrs	no data	0.018% ₱ 2.5m
Francisco Viray	Independent Director	3.5yrs	₱600.00k	0% ₱ 0
Sergio Ortiz-Luis	Independent Director	7.5yrs	₱600.00k	0% ₱ 0
Alfredo Henares	Chairman of the Board	30.3yrs	₱800.00k	0% ₱ 0
Dal-Hun Lee	Director	2.8yrs	₱600.00k	0% ₱ 0
Kilwon Kim	Director	2.8yrs	₱600.00k	0% ₱ 0
Sanghee Bang	Director	1.7yrs	₱325.00k	0% ₱ 0
Sanghun Lee	Director	1.7yrs	₱325.00k	0% ₱ 0
Enrison Benedicto	Independent Director	1.4yrs	₱325.00k	no data

3.0yrs

Average Tenure

57yo

Average Age

Experienced Board: SPC's board of directors are considered experienced (3 years average tenure).

SPC Power Management

Management criteria checks 2/4

Key information

Recent management updates

SPC Power Corporation, Annual General Meeting, May 30, 2024

Less than half of directors are independent

Insider recently sold ₱965k worth of stock

Key Executive recently sold ₱237k worth of stock

Less than half of directors are independent

SPC Power Corporation, Annual General Meeting, May 31, 2022

Recent updates

Second quarter 2024 earnings released: EPS: ₱0.42 (vs ₱0.37 in 2Q 2023)

First quarter 2024 earnings released: EPS: ₱0.07 (vs ₱0.18 in 1Q 2023)

Primelectric Holdings, Inc agreed to acquire an unknown stake in Bohol Light Company, Inc from SPC Power Corporation (PSE:SPC) for approximately PHP 200 million.

New major risk - Dividend sustainability

Full year 2023 earnings released: EPS: ₱0.78 (vs ₱0.85 in FY 2022)

SPC Power Corporation, Annual General Meeting, May 30, 2024

Upcoming dividend of ₱0.60 per share at 4.7% yield

Investor sentiment improves as stock rises 16%

Now 32% overvalued

Now 21% overvalued

Third quarter 2023 earnings released: EPS: ₱0.25 (vs ₱0.32 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₱0.37 (vs ₱0.22 in 2Q 2022)

SPC Power Corporation Approves the Declaration of Cash Dividends, Payable on or Before August 23, 2023

Full year 2022 earnings released: EPS: ₱0.85 (vs ₱0.80 in FY 2021)

Third quarter 2022 earnings released: EPS: ₱0.32 (vs ₱0.38 in 3Q 2021)

Less than half of directors are independent

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: ₱0.22 (vs ₱0.22 in 2Q 2021)

Insider recently sold ₱965k worth of stock

Now 23% undervalued after recent price drop

SSPC Power Corporation Approves the Declaration of Cash Dividends, Payable June 24, 2022

Upcoming dividend of ₱0.20 per share

Investor sentiment deteriorated over the past week

Key Executive recently sold ₱237k worth of stock

First quarter 2022 earnings released: EPS: ₱0.08 (vs ₱0.31 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: ₱0.80 (vs ₱1.07 in FY 2020)

SPC Power Corporation (PSE:SPC) completed the acquisition of Power Barges 102 and 103 from AC Energy Corporation (PSE:ACEN).

SPC Power Corporation, Annual General Meeting, May 31, 2022

SPC Power Corporation (PSE:SPC) completed the acquisition of Power Barges 102 and 103 from AC Energy Corporation (PSE:ACEN).

Intrepid Holdings, Inc. and SPC Power Corporation (PSE:SPC) agreed to acquire STEAG State Power, Inc. from STEAG GmbH for $52 million.

Spc Power Corporation Announces Election of Messrs. Lee Dal-Hun and Kim, Kilwon to the Board of Directors

Key Executive recently sold ₱1.7m worth of stock

Third quarter 2021 earnings released: EPS ₱0.38 (vs ₱0.25 in 3Q 2020)

Independent Non-Executive Director Ramon Sy has left the company

Second quarter 2021 earnings released: EPS ₱0.22 (vs ₱0.29 in 2Q 2020)

Spc Power Corporation Approves Declaration of Cash Dividends, Payable on Jun 22, 2021

First quarter 2021 earnings released: EPS ₱0.31 (vs ₱0.32 in 1Q 2020)

Full year 2020 earnings released: EPS ₱1.07 (vs ₱1.19 in FY 2019)

Director has left the company

Director has left the company

Upcoming dividend of ₱0.40 per share

New 90-day high: ₱11.12

SPC Power Corporation Announces Board Changes

New 90-day high: ₱11.00

New 90-day high: ₱10.30

New 90-day high - ₱9.17

First half earnings released

New 90-day high - ₱8.27

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age