OTCPK:BPHL.F

Stock Analysis Report

Bank of the Philippine Islands

Executive Summary

Bank of the Philippine Islands, together with its subsidiaries, provides various financial products and solutions to retail and corporate clients in the Philippines.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Bank of the Philippine Islands's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

BPHL.F

4.1%

US Banks

1.0%

US Market


1 Year Return

n/a

BPHL.F

7.2%

US Banks

8.0%

US Market

Return vs Industry: Insufficient data to determine how BPHL.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how BPHL.F performed against the US Market.


Shareholder returns

BPHL.FIndustryMarket
7 Day0%4.1%1.0%
30 Dayn/a2.8%-0.07%
90 Dayn/a2.9%-1.0%
1 Yearn/a10.3%7.2%10.4%8.0%
3 Yearn/a53.9%43.3%46.2%36.7%
5 Yearn/a71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

How volatile is Bank of the Philippine Islands's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank of the Philippine Islands undervalued compared to its fair value and its price relative to the market?

15.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BPHL.F ($1.75) is trading above our estimate of fair value ($1.39)

Significantly Below Fair Value: BPHL.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BPHL.F is poor value based on its PE Ratio (16x) compared to the Banks industry average (12.6x).

PE vs Market: BPHL.F is good value based on its PE Ratio (16x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: BPHL.F is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BPHL.F is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Bank of the Philippine Islands forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPHL.F's forecast earnings growth (13.5% per year) is above the savings rate (2.7%).

Earnings vs Market: BPHL.F's earnings (13.5% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: BPHL.F's revenue (12.5% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: BPHL.F's revenue (12.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BPHL.F's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has Bank of the Philippine Islands performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BPHL.F's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: BPHL.F's earnings growth over the past year (18.6%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: BPHL.F earnings growth over the past year (18.6%) underperformed the Banks industry 30.1%.


Return on Equity

High ROE: BPHL.F's Return on Equity (9.9%) is considered low.


Return on Assets

ROA vs Industry: BPHL.F has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BPHL.F's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Bank of the Philippine Islands's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BPHL.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: BPHL.F's debt is covered by short term assets (assets are 2.896230x debt).


Financial Institutions Analysis

Asset Level: BPHL.F's level of assets compared to its equity is low.

Allowance for Bad Loans: BPHL.F has a low allowance for bad loans.

Low Risk Liabilities: BPHL.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: BPHL.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BPHL.F's loans are broadly funded by customer deposits.

Level of Bad Loans: BPHL.F has an appropriate level of bad loans (1.85%)


Next Steps

Dividend

What is Bank of the Philippine Islands's current dividend yield, its reliability and sustainability?

1.88%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BPHL.F's dividend (1.88%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: BPHL.F's dividend (1.88%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: BPHL.F's dividends per share have been stable in the past 10 years.

Growing Dividend: BPHL.F's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), BPHL.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BPHL.F's dividends in 3 years are forecast to be well covered by earnings (26.4% payout ratio).


Next Steps

Management

What is the CEO of Bank of the Philippine Islands's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Bong Consing (60yo)

6.5yrs

Tenure

0

Mr. Cezar Peralta Consing, also known as Bong, serves as President at Bancnet. Mr. Consing serves as Director of LGU Guarantee Corporation. He is Non-Executive Director of BPI-Philam Life Assr Corp. Mr. Co ...


Management Age and Tenure

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: BPHL.F's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

69yo

Average Age

Experienced Board: BPHL.F's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: BPHL.F insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₱1,77004 Oct 19
Jonathan John Paz
EntityIndividual
Shares1,000
Max Price₱1.77
Sell₱9,75503 Oct 19
Annalyn Rocero
EntityIndividual
Shares5,500
Max Price₱1.77
Sell₱9,91819 Sep 19
Miriam Jacinto
EntityIndividual
Shares5,500
Max Price₱1.80
Sell₱1,81017 Sep 19
Jonathan John Paz
EntityIndividual
Shares1,000
Max Price₱1.81
Sell₱9,06714 Aug 19
Cecile Catherine A. Dela Paz
EntityIndividual
Shares5,000
Max Price₱1.81
Sell₱2,08008 Aug 19
Jonathan John Paz
EntityIndividual
Shares1,200
Max Price₱1.74
Sell₱3,45717 Jul 19
Raymond Go
EntityIndividual
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Max Price₱1.73
Buy₱1,296,64303 Jul 19
GIC Pte. Ltd.
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Shares828,290
Max Price₱1.57
Sell₱725,33703 Jul 19
GIC Pte. Ltd.
EntityCompany
Shares470,520
Max Price₱1.56
Buy₱46,38328 Jun 19
Maria Marcial-Javier
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares30,000
Max Price₱1.55
Sell₱2,50319 Jun 19
Florendo Maranan
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Enterprise Services
Shares1,600
Max Price₱1.56
Sell₱2,04507 Jun 19
Florendo Maranan
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Enterprise Services
Shares1,350
Max Price₱1.51
Buy₱1,50406 Jun 19
Maria Consuelo Lukban
EntityIndividual
Shares1,000
Max Price₱1.50
Buy₱762,80506 Jun 19
Cezar Consing
EntityIndividual
Role
Chief Executive Officer
President
Shares500,000
Max Price₱1.53
Buy₱1,672,98706 Jun 19
GIC Pte. Ltd.
EntityCompany
Shares1,066,420
Max Price₱1.59
Sell₱574,00806 Jun 19
GIC Pte. Ltd.
EntityCompany
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Buy₱45,55231 May 19
Maria Marcial-Javier
EntityIndividual
Role
Chief Financial Officer
Executive VP
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Sell₱3,158,34430 May 19
GIC Pte. Ltd.
EntityCompany
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GIC Pte. Ltd.
EntityCompany
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Maria Marcial-Javier
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares75,000
Max Price₱1.55
Buy₱38,05309 May 19
Simon Paterno
EntityIndividual
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Buy₱77812 Apr 19
Raymond Go
EntityIndividual
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Raymond Go
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Raymond Go
EntityIndividual
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Sell₱1,66221 Mar 19
Raymond Go
EntityIndividual
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Max Price₱1.66
Buy₱1,62208 Mar 19
Maria Sison
EntityIndividual
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Max Price₱1.62
Buy₱2,41107 Mar 19
Cecile Catherine A. Dela Paz
EntityIndividual
Shares1,500
Max Price₱1.61
Buy₱1,61407 Mar 19
Raymond Go
EntityIndividual
Shares1,000
Max Price₱1.61
Buy₱144,53505 Mar 19
Fernando Zobel de Ayala
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares89,000
Max Price₱1.64
Buy₱5,15018 Feb 19
Cecile Catherine A. Dela Paz
EntityIndividual
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Sell₱733,19113 Feb 19
Standard Life Aberdeen plc
EntityCompany
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Max Price₱1.81
Sell₱1,74511 Feb 19
Ma. Genalyn Paulino
EntityIndividual
Shares1,000
Max Price₱1.74
Sell₱5,90223 Jan 19
Florendo Maranan
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Enterprise Services
Shares3,300
Max Price₱1.79
Buy₱13,31323 Jan 19
Florendo Maranan
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Enterprise Services
Shares7,561
Max Price₱1.76
Buy₱12,44117 Jan 19
Marita Socorro Gayares
EntityIndividual
Role
Senior Key Executive
Senior Vice President Strategy & Development
Shares7,000
Max Price₱1.78
Sell₱39,24217 Jan 19
Joseph Philip Anthony Parungao
EntityIndividual
Shares22,000
Max Price₱1.78
Sell₱38516 Jan 19
Jonathan John Paz
EntityIndividual
Shares220
Max Price₱1.75
Buy₱14,21816 Jan 19
Mary Catherine Elizabeth Santamaria
EntityIndividual
Shares8,000
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Buy₱17,33616 Jan 19
Cecile Catherine A. Dela Paz
EntityIndividual
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Buy₱17,77315 Jan 19
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EntityIndividual
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Buy₱14,21815 Jan 19
Rafael Pertierra
EntityIndividual
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Max Price₱1.78
Buy₱5,33215 Jan 19
Jesus Angelo Gomez
EntityIndividual
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Buy₱53,31814 Jan 19
Cezar Consing
EntityIndividual
Role
Chief Executive Officer
President
Shares30,000
Max Price₱1.78
Buy₱14,21814 Jan 19
Dino Gasmen
EntityIndividual
Shares8,000
Max Price₱1.78
Buy₱17,77314 Jan 19
Maria Marcial-Javier
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares10,000
Max Price₱1.78
Buy₱8,88614 Jan 19
Marie Josephine Ocampo
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Mass Retail
Shares5,000
Max Price₱1.78
Sell₱1,07814 Jan 19
Florisa Dionisio
EntityIndividual
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Joseph Anthony Alonso
EntityIndividual
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Ramon Jocson
EntityIndividual
Role
Chief Operating Officer
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Shares10,000
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Buy₱10,57511 Jan 19
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EntityIndividual
Shares7,000
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Buy₱10,57511 Jan 19
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EntityIndividual
Shares7,000
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Buy₱14,21811 Jan 19
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Shares8,000
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Buy₱10,57511 Jan 19
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Buy₱14,21811 Jan 19
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Max Price₱1.78
Buy₱10,57511 Jan 19
Ma Claudina Santos
EntityIndividual
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Max Price₱1.51
Buy₱14,21811 Jan 19
Roland Gerard Veloso
EntityIndividual
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Angelie King
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Barbara Ann Untalan
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Eugenio Mercado
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Max Price₱1.78
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Angela Pilar Maramag
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Josephine Ferrer
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Editha Umayam
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Jocelyn Alviar
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Francisca Ann Lustre
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Elisa Silva
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Andrea Mina
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱10,57511 Jan 19
Maria Consuelo Lukban
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱14,21811 Jan 19
Jose Raul Jereza
EntityIndividual
Shares8,000
Max Price₱1.78
Buy₱14,21811 Jan 19
Michael Calleja
EntityIndividual
Role
Senior Key Executive
Senior Vice-President of Enterprise Services
Shares8,000
Max Price₱1.78
Buy₱10,57511 Jan 19
Cecile Catherine A. Dela Paz
EntityIndividual
Shares7,000
Max Price₱1.51
Buy₱6,04311 Jan 19
Dominique Ocliasa
EntityIndividual
Shares4,000
Max Price₱1.51
Sell₱90611 Jan 19
Emmanuel Jesus Osalvo
EntityIndividual
Shares500
Max Price₱1.81
Buy₱14,21811 Jan 19
Luis Geminiano Cruz
EntityIndividual
Shares8,000
Max Price₱1.78
Sell₱2,68110 Jan 19
Ma. Genalyn Paulino
EntityIndividual
Shares1,500
Max Price₱1.79
Sell₱1,78321 Dec 18
Felices Catelo
EntityIndividual
Shares1,000
Max Price₱1.78
Buy₱8621 Dec 18
Richmond Ezer Escolar
EntityIndividual
Shares50
Max Price₱1.72
Sell₱4,68621 Dec 18
Florisa Dionisio
EntityIndividual
Shares2,640
Max Price₱1.78
Sell₱89719 Dec 18
Ma. Genalyn Paulino
EntityIndividual
Shares500
Max Price₱1.79
Sell₱3,60117 Dec 18
Manuel Tagaza
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Financial Products & Alternative Channels
Shares2,000
Max Price₱1.80
Sell₱13,45407 Dec 18
Tomas Chuidian
EntityIndividual
Shares7,500
Max Price₱1.79
Sell₱89707 Dec 18
Ma. Genalyn Paulino
EntityIndividual
Shares500
Max Price₱1.79
Sell₱52703 Dec 18
Ma. Genalyn Paulino
EntityIndividual
Shares300
Max Price₱1.76
Sell₱7,88228 Nov 18
Jose Esteban Jaro Salvan
EntityIndividual
Shares4,430
Max Price₱1.78
Sell₱3,50526 Nov 18
Sylvia Sumagpang
EntityIndividual
Shares2,000
Max Price₱1.75
Sell₱2,12826 Nov 18
Sheree Casals
EntityIndividual
Shares1,200
Max Price₱1.77
Sell₱8,94426 Nov 18
Manuel Tagaza
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Financial Products & Alternative Channels
Shares5,000
Max Price₱1.81
Sell₱1,03523 Nov 18
Jonathan John Paz
EntityIndividual
Shares600
Max Price₱1.73
Sell₱9,23921 Nov 18
Raymond Go
EntityIndividual
Shares5,550
Max Price₱1.66
Sell₱9,48921 Nov 18
Nicanor Mendiola
EntityIndividual
Shares5,520
Max Price₱1.72
Sell₱5,05020 Nov 18
Armando Navarrete
EntityIndividual
Shares3,000
Max Price₱1.68
Buy₱37,03026 Oct 18
Ignacio Bunye
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares23,950
Max Price₱1.55

Ownership Breakdown


Management Team

  • Florendo Maranan (59yo)

    Senior Vice President of Enterprise Services

    • Tenure: 4.8yrs
  • Bong Consing (60yo)

    President

    • Tenure: 6.5yrs
  • Jojo Ocampo (56yo)

    Executive VP & Head of Mass Retail

    • Tenure: 4.8yrs
  • Michael Calleja (58yo)

    Senior Vice-President of Enterprise Services

    • Tenure: 4.8yrs
  • Raul Marcelo Dimayuga (56yo)

    Senior Vice President of Retail Clients

    • Tenure: 4.8yrs
  • Manuel Tagaza (56yo)

    Senior Vice President of Financial Products & Alternative Channels

    • Tenure: 4.8yrs
  • Maria Marcial-Javier (48yo)

    Executive VP

    • Tenure: 0yrs
  • Marita Socorro Gayares (57yo)

    Senior Vice President Strategy & Development

    • Tenure: 0yrs
  • Ramon Jocson (59yo)

    Executive VP

    • Tenure: 0.8yrs
  • Josenia D. Nemeño

    Investor Relations Officer & Assistant Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Romeo Bernardo (65yo)

    Independent Director

    • Tenure: 21.7yrs
  • Octavio Victor Espiritu (75yo)

    Lead Independent Director

    • Tenure: 0.5yrs
  • Fernando Zobel de Ayala (57yo)

    Vice Chairman of the Board

    • Tenure: 6.5yrs
  • Jaime Zobel de Ayala (60yo)

    Chairman of the Board

    • Tenure: 15.6yrs
  • Xavier Loinaz (75yo)

    Independent Director

    • Tenure: 37.6yrs
  • Mercedita Nolledo (78yo)

    Director

    • Tenure: 27.9yrs
  • Aurelio Luis Montinola (67yo)

    Director

    • Tenure: 0yrs
  • Bong Consing (60yo)

    President

    • Tenure: 6.5yrs
  • Dolores Yuvienco (71yo)

    Independent Director

    • Tenure: 5.5yrs
  • Ignacio Bunye (73yo)

    Independent Director

    • Tenure: 3.5yrs

Company Information

Bank of the Philippine Islands's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of the Philippine Islands
  • Ticker: BPHL.F
  • Exchange: OTCPK
  • Founded: 1851
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₱430.413b
  • Listing Market Cap: ₱8.423b
  • Shares outstanding: 4.51b
  • Website: https://www.bpi.com.ph

Number of Employees


Location

  • Bank of the Philippine Islands
  • Ayala North Exchange Tower 1
  • Ayala Avenue corner Salcedo Street
  • Makati City
  • 1229
  • Philippines

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPHL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1994
BPIPSE (Philippines Stock Exchange)YesCommon SharesPHPHPOct 1994
BPHL.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2010

Biography

Bank of the Philippine Islands, together with its subsidiaries, provides various financial products and solutions to retail and corporate clients in the Philippines. It operates through Consumer Banking, C ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:49
End of Day Share Price2019/10/04 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.