OTCPK:BPHL.Y

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.Y

4.8%

US Banks

2.3%

US Market


1 Year Return

n/a

BPHL.Y

0.04%

US Banks

5.6%

US Market

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

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


Shareholder returns

BPHL.YIndustryMarket
7 Day0%4.8%2.3%
30 Day-4.8%-0.5%-1.0%
90 Day-5.3%2.0%-0.7%
1 Yearn/a2.9%0.04%7.9%5.6%
3 Yearn/a51.5%41.1%45.6%36.3%
5 Year-14.3%-18.7%70.9%52.3%65.8%47.6%

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?

15.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BPHL.Y ($34) is trading above our estimate of fair value ($27.88)

Significantly Undervalued: BPHL.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BPHL.Y is poor value based on its PE Ratio (15.7x) compared to the Banks industry average (12.6x).

PE vs Market: BPHL.Y is good value based on its PE Ratio (15.7x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BPHL.Y is overvalued based on its PB Ratio (1.6x) 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 12 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPHL.Y's forecast earnings growth (13.3% per year) is above the savings rate (2.7%).

Earnings vs Market: BPHL.Y's earnings (13.3% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: BPHL.Y's revenue (12.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: BPHL.Y's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BPHL.Y's Return on Equity is forecast to be low in 3 years time (12.1%).


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.Y's earnings have grown by 7.5% per year over the past 5 years.

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

Earnings vs Industry: BPHL.Y earnings growth over the past year (18.6%) underperformed the Banks industry 31.8%.


Return on Equity

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


Return on Assets

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


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BPHL.Y'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.Y has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: BPHL.Y 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?

1.91%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BPHL.Y's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: BPHL.Y's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (3.76%).

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

Growing Dividend: BPHL.Y'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.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BPHL.Y's dividends in 3 years are forecast to be well covered by earnings (26.8% 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.Y'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.Y's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Florendo Maranan (59yo)

    Senior Vice President of Enterprise Services

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

    President

    • Tenure: 6.5yrs
  • Marie Josephine Ocampo (56yo)

    Senior Vice President of Financial Products & Alternative Channel

    • 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.Y
  • Exchange: OTCPK
  • Founded: 1851
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₱423.653b
  • Listing Market Cap: ₱8.215b
  • 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 Analysis2019/10/17 00:08
End of Day Share Price2019/09/23 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.