OTCPK:RRET.Y

Stock Analysis Report

Executive Summary

Robinsons Retail Holdings, Inc. operates as a retailing company in the Philippines.

Rewards

Earnings are forecast to grow 16.36% per year

Risk Analysis

Profit margins (2.6%) are lower than last year (4.1%)

Shareholders have been diluted in the past year



Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Robinsons Retail Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RRET.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

RRET.Y

2.3%

US Consumer Retailing

0.06%

US Market


1 Year Return

n/a

RRET.Y

17.0%

US Consumer Retailing

19.4%

US Market

Return vs Industry: Insufficient data to determine how RRET.Y performed against the US Consumer Retailing industry.

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


Shareholder returns

RRET.YIndustryMarket
7 Day0%2.3%0.06%
30 Day0%2.6%1.1%
90 Day-2.0%0.4%8.9%
1 Yearn/a19.3%17.0%21.9%19.4%
3 Year-17.7%-19.0%49.0%39.4%48.9%39.3%
5 Year-23.8%-25.7%49.6%34.0%71.9%53.1%

Price Volatility Vs. Market

How volatile is Robinsons Retail Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Robinsons Retail Holdings undervalued compared to its fair value and its price relative to the market?

26.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RRET.Y ($14.25) is trading above our estimate of fair value ($11.54)

Significantly Below Fair Value: RRET.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RRET.Y is poor value based on its PE Ratio (26.6x) compared to the Consumer Retailing industry average (22.2x).

PE vs Market: RRET.Y is poor value based on its PE Ratio (26.6x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: RRET.Y is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: RRET.Y is good value based on its PB Ratio (1.6x) compared to the US Consumer Retailing industry average (2.1x).


Next Steps

Future Growth

How is Robinsons Retail Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

16.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RRET.Y's forecast earnings growth (16.4% per year) is above the savings rate (1.7%).

Earnings vs Market: RRET.Y's earnings (16.4% per year) are forecast to grow faster than the US market (14.2% per year).

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

Revenue vs Market: RRET.Y's revenue (8.4% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: RRET.Y's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RRET.Y's Return on Equity is forecast to be low in 3 years time (7.7%).


Next Steps

Past Performance

How has Robinsons Retail Holdings performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RRET.Y has high quality earnings.

Growing Profit Margin: RRET.Y's current net profit margins (2.6%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: RRET.Y's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: RRET.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RRET.Y had negative earnings growth (-22%) over the past year, making it difficult to compare to the Consumer Retailing industry average (-6.1%).


Return on Equity

High ROE: RRET.Y's Return on Equity (6.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Robinsons Retail Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: RRET.Y's short term assets (PHP37.1B) exceed its short term liabilities (PHP24.9B).

Long Term Liabilities: RRET.Y's short term assets (PHP37.1B) exceed its long term liabilities (PHP24.6B).


Debt to Equity History and Analysis

Debt Level: RRET.Y's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: RRET.Y's debt to equity ratio has increased from 0.3% to 3.5% over the past 5 years.

Debt Coverage: RRET.Y's debt is well covered by operating cash flow (405.8%).

Interest Coverage: RRET.Y's interest payments on its debt are well covered by EBIT (12.4x coverage).


Balance Sheet

Inventory Level: RRET.Y has a high level of physical assets or inventory.

Debt Coverage by Assets: RRET.Y's debt is covered by short term assets (assets are 13.9x debt).


Next Steps

Dividend

What is Robinsons Retail Holdings's current dividend yield, its reliability and sustainability?

1.01%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years1.0%

Current dividend yield vs market & industry

Notable Dividend: RRET.Y's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: RRET.Y's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (3.7%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RRET.Y has been paying a dividend for less than 10 years.

Growing Dividend: RRET.Y's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.8%), RRET.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RRET.Y's dividends in 3 years are forecast to be well covered by earnings (19.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Robina Gokongwei-Pe (57yo)

2.1yrs

Tenure

0

Ms. Robina Y. Gokongwei-Pe serves as President of Robinsons Retail Holdings, Inc. and served its Chief Operating Officer since February 4, 2002 until 2018. Ms. Gokongwei-Pe is the Chief Executive Officer o ...


Leadership Team

NamePositionTenureCompensationOwnership
Robina Gokongwei-Pe
President2.1yrsno data5.7% PHP126.7m
James Go
Executive Vice Chairman of the Board0yrsno data2.03% PHP45.0m
Mylene Kasiban
Chief Financial Officer3.8yrsno datano data
Stephen Yap
VP & Chief Information Officer 0yrsno datano data
Mark Tansiongkun
Vice President of Procurement & Administration0yrsno datano data
Gina Roa-Dipaling
VP of Corporate Planning & Investor Relations Officer0yrsno data0.00010% PHP2.2k
Gilbert Millado
Assistant Corporate Secretary0yrsno data0.000030% PHP666.3
Bach Johann Sebastian
Senior VP0yrsno datano data
Gabriel Tagala
Vice President of Human Resources2.1yrsno datano data
Faith Gokongwei-Lim
Group GM of Costa Coffee & Chic Centre and Executive Director18yrsno data1.9% PHP42.2m

2.1yrs

Average Tenure

52yo

Average Age

Experienced Management: RRET.Y's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robina Gokongwei-Pe
President2.1yrsno data5.7% PHP126.7m
James Go
Executive Vice Chairman of the Board0yrsno data2.03% PHP45.0m
Faith Gokongwei-Lim
Group GM of Costa Coffee & Chic Centre and Executive Director18yrsno data1.9% PHP42.2m
Roberto Romulo
Independent Director6.6yrsno datano data
Lance Gokongwei
Chairman of the Board3.9yrsno data6.82% PHP151.5m
John Gokongwei
Chairman Emeritus0yrsno datano data
Antonio Go
Independent Director6.6yrsno datano data
Ian James McLeod
Director1.3yrsno datano data
Lisa Gokongwei-Cheng
Member of Advisory Board1.3yrsno data1.9% PHP42.2m
Hope Gokongwei-Tang
Member of Advisory Board1.3yrsno datano data

5.3yrs

Average Tenure

58.5yo

Average Age

Experienced Board: RRET.Y's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.5%.


Top Shareholders

Company Information

Robinsons Retail Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Robinsons Retail Holdings, Inc.
  • Ticker: RRET.Y
  • Exchange: OTCPK
  • Founded: 1980
  • Industry: Hypermarkets and Super Centers
  • Sector: Consumer Retailing
  • Market Cap: ₱112.561b
  • Listing Market Cap: ₱2.221b
  • Shares outstanding: 1.58b
  • Website: https://www.robinsonsretailholdings.com.ph

Number of Employees


Location

  • Robinsons Retail Holdings, Inc.
  • Robinsons Equitable Tower
  • 43rd Floor
  • Pasig City
  • 1600
  • Philippines

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RRHIPSE (Philippines Stock Exchange)YesCommon SharesPHPHPNov 2013
RBNT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2013
RRET.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDFeb 2014

Biography

Robinsons Retail Holdings, Inc. operates as a retailing company in the Philippines. It operates supermarkets under the Robinsons Supermarket brand that offer health and wellness, and fresh food products; and department stores under the Robinsons Department Store brand, which provide men’s, ladies', and children's wear, as well as shoes, bags, accessories, household items, and others. The company also operates do-it-yourself (DIY) stores under the Handyman Do it Best, True Value, True Home, Robinsons Builders, Home Plus, and A.M. Builders’ Depot brands that offer DIY and home improvement products; operates and franchises convenience stores under the Ministop name that provide ready to eat products; and operates drug stores under the South Star Drug name that offer prescription and over-the-counter pharmaceutical products, as well as food, personal care, and wellness products. In addition, it operates consumer electronics and appliances stores under Robinsons Appliances and Saver’s Appliance Depot name; fashion retail stores under the Topshop, Topman, Dorothy Perkins, Warehouse, G2000, and Burton Menswear London brands; beauty products under the Benefit, Shiseido, Club Clio, and Elizabeth Arden brands; generic medicine stores under The Generics Pharmacy brand; one-price-point stores under the Daiso Japan name; and toys and juvenile products under Toys ‘R’ Us name. Further, the company operates coffee shops under the Costa Coffee brand; pet retail under the Pet Lovers Centre name, Korean lifestyle mass merchandise under the Arcova name; and nail care, cosmetics, and healthy slush products under the Chic Centre Corporation name. As of December 31, 2018, it had 1,910 stores, including 252 supermarkets, 52 department stores, 210 DIY stores, 499 convenience stores, 510 drug stores, and 387 specialty stores. The company was formerly known as Robinsons Holdings, Inc. Robinsons Retail Holdings, Inc. was founded in 1980 and is based in Pasig City, the Philippines. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 02:31
End of Day Share Price2019/12/17 00:00
Earnings2019/09/30
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.