Bank of the Philippine Islands

OTCPK:BPHL.F Stock Report

Market Cap: US$10.9b

Bank of the Philippine Islands Valuation

Is BPHL.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BPHL.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BPHL.F ($2.25) is trading below our estimate of fair value ($2.96)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BPHL.F?

Key metric: As BPHL.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BPHL.F. This is calculated by dividing BPHL.F's market cap by their current earnings.
What is BPHL.F's PE Ratio?
PE Ratio10.5x
Earnings₱61.05b
Market Cap₱643.20b

Price to Earnings Ratio vs Peers

How does BPHL.F's PE Ratio compare to its peers?

The above table shows the PE ratio for BPHL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
BAP Credicorp
10.3x11.5%US$14.4b
CMA Comerica
14.8x10.4%US$8.0b
FITB Fifth Third Bancorp
13.7x8.3%US$28.6b
FCNC.A First Citizens BancShares
11.5x-9.1%US$28.1b
BPHL.F Bank of the Philippine Islands
10.5x7.4%US$643.2b

Price-To-Earnings vs Peers: BPHL.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does BPHL.F's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
BPHL.F 10.5xIndustry Avg. 12.5xNo. of Companies84PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BPHL.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the US Banks industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is BPHL.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BPHL.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BPHL.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BPHL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.25
US$2.64
+17.1%
9.7%US$3.00US$2.00n/a12
Dec ’25n/a
US$2.62
0%
10.2%US$3.04US$2.03n/a12
Nov ’25n/a
US$2.62
0%
10.2%US$3.04US$2.03n/a12
Oct ’25n/a
US$2.59
0%
8.1%US$2.88US$2.11n/a12
Sep ’25n/a
US$2.50
0%
7.8%US$2.85US$2.09n/a12
Aug ’25n/a
US$2.39
0%
6.8%US$2.61US$2.01n/a12
Jul ’25US$1.90
US$2.32
+22.0%
7.8%US$2.57US$1.97n/a12
Jun ’25n/a
US$2.35
0%
7.3%US$2.59US$1.99n/a11
May ’25n/a
US$2.36
0%
7.7%US$2.63US$2.02n/a12
Apr ’25n/a
US$2.35
0%
7.3%US$2.62US$2.04n/a12
Mar ’25n/a
US$2.31
0%
5.3%US$2.47US$2.06n/a12
Feb ’25n/a
US$2.23
0%
6.4%US$2.45US$2.01n/a13
Jan ’25n/a
US$2.26
0%
7.0%US$2.50US$1.97n/a13
Dec ’24n/a
US$2.26
0%
7.0%US$2.50US$1.97n/a13
Nov ’24n/a
US$2.21
0%
7.1%US$2.43US$1.92n/a13
Oct ’24n/a
US$2.17
0%
6.5%US$2.43US$1.95n/a14
Sep ’24n/a
US$2.18
0%
7.4%US$2.43US$1.94n/a15
Aug ’24n/a
US$2.23
0%
8.0%US$2.64US$2.00n/a15
Jul ’24n/a
US$2.07
0%
9.9%US$2.36US$1.65US$1.9015
Jun ’24n/a
US$2.07
0%
9.9%US$2.36US$1.65n/a15
May ’24n/a
US$2.03
0%
9.9%US$2.39US$1.67n/a14
Apr ’24n/a
US$2.07
0%
9.1%US$2.46US$1.71n/a14
Mar ’24US$1.89
US$1.93
+2.3%
13.2%US$2.32US$1.34n/a14
Feb ’24US$1.95
US$1.93
-1.2%
13.6%US$2.35US$1.36n/a14
Jan ’24n/a
US$1.85
0%
12.3%US$2.30US$1.35n/a14
Dec ’23n/a
US$1.80
0%
10.9%US$2.13US$1.33n/a14

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 01:53
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Bank of the Philippine Islands is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joahnna SorianoBofA Global Research
Edser TrinidadCGS International
James McCaffertyCGS International