OTCPK:RBLA.Y

Stock Analysis Report

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Executive Summary

Robinsons Land Corporation, together with its subsidiaries, acquires, develops, operates, leases, disposes, and sells real properties in the Philippines.


Snowflake Analysis

Good value with proven track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

RBLA.Y

6.2%

US Real Estate

2.8%

US Market


1 Year Return

n/a

RBLA.Y

-18.6%

US Real Estate

9.3%

US Market

Return vs Industry: Insufficient data to determine how RBLA.Y performed against the US Real Estate industry.

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


Shareholder returns

RBLA.YIndustryMarket
7 Day0%6.2%2.8%
30 Day0%7.9%8.9%
90 Dayn/a-28.5%-0.5%
1 Yearn/a-18.0%-18.6%11.8%9.3%
3 Yearn/a-21.0%-22.8%31.4%22.7%
5 Yearn/a-26.3%-28.5%58.7%40.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RBLA.Y ($6.12) is trading above our estimate of fair value ($4.18)

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


Price To Earnings Ratio

PE vs Industry: RBLA.Y is good value based on its PE Ratio (9x) compared to the Real Estate industry average (14.8x).

PE vs Market: RBLA.Y is good value based on its PE Ratio (9x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: RBLA.Y is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: RBLA.Y is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Robinsons Land forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBLA.Y's forecast earnings growth (11.5% per year) is above the savings rate (2.2%).

Earnings vs Market: RBLA.Y's earnings (11.5% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: RBLA.Y's revenue (11.9% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: RBLA.Y's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RBLA.Y's Return on Equity is forecast to be low in 3 years time (10.1%).


Next Steps

Past Performance

How has Robinsons Land performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBLA.Y has high quality earnings.

Growing Profit Margin: RBLA.Y's current net profit margins (28.4%) are higher than last year (27.8%).


Past Earnings Growth Analysis

Earnings Trend: RBLA.Y's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: RBLA.Y's earnings growth over the past year (5.7%) is below its 5-year average (11.2% per year).

Earnings vs Industry: RBLA.Y earnings growth over the past year (5.7%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: RBLA.Y's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is Robinsons Land's financial position?


Financial Position Analysis

Short Term Liabilities: RBLA.Y's short term assets (PHP56.8B) exceed its short term liabilities (PHP41.3B).

Long Term Liabilities: RBLA.Y's short term assets (PHP56.8B) exceed its long term liabilities (PHP48.2B).


Debt to Equity History and Analysis

Debt Level: RBLA.Y's debt to equity ratio (43.2%) is considered high.

Reducing Debt: RBLA.Y's debt to equity ratio has increased from 34.2% to 43.2% over the past 5 years.

Debt Coverage: RBLA.Y's debt is well covered by operating cash flow (42%).

Interest Coverage: RBLA.Y's interest payments on its debt are well covered by EBIT (16x coverage).


Balance Sheet


Next Steps

Dividend

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

3.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RBLA.Y's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: RBLA.Y's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (4.55%).


Stability and Growth of Payments

Stable Dividend: RBLA.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: RBLA.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.9%), RBLA.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RBLA.Y's dividends in 3 years are forecast to be well covered by earnings (23.3% payout ratio).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Frederick Go (50yo)

2.08yrs

Tenure

Mr. Frederick D. Go has been the President of Robinsons Land Corp. since August 28, 2006 and has been its Chief Executive Officer since May 11, 2018. Mr. Go served as the Chief Operating Officer of Robinso ...


Leadership Team

NamePositionTenureCompensationOwnership
Frederick Go
President2.08yrsno data0.032% PHP488.7k
Kerwin S. Tan
CFO & Chief Risk Officer4.25yrsno data0.0077% PHP119.0k
Rommel Rodrigo
Head of Investor Relations & Investor Relations Officerno datano datano data
Arlene Denzon
Compliance Officerno datano datano data
Constantino Felipe
Vice President for Human Resourcesno datano datano data
Bach Johann Sebastian
Senior VP & Chief Strategistno datano datano data
Henry Yap
Senior VP and Business Unit GM of Robinsons Luxuria2.08yrsno data0.0022% PHP34.0k
Maria Soccorro Isabelle Aragon-Gobio
Senior VP and Business Unit GM of Industrial & Integrated Developments Divisionno datano datano data
Arlene Magtibay
Senior VP & Business Unit GM of Commercial Centers Division2.08yrsno datano data
Faraday Go
Executive VP & Business Unit GM of Office Buildings Division2yrsno data0.0049% PHP75.6k

2.1yrs

Average Tenure

51yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Frederick Go
President2.08yrsno data0.032% PHP488.7k
Roberto De Ocampo
Independent Director17.08yrsno datano data
Emmanuel Rojas
Independent Director14.75yrsno data0.000020% PHP309.1
Lance Gokongwei
Chairman2.08yrsno data0.015% PHP239.5k
Patrick Henry Go
Non-Executive Director20.42yrsno data0.00019% PHP2.9k
Omar Byron Mier
Independent Director4.83yrsno datano data
Johnson Robert Go
Non-Executive Director15.08yrsno datano data
James Gokongwei
Chairman Emeritus2.08yrsno data0.095% PHP1.5m
Robina Gokongwei-Pe
Non-Executive Director15.08yrsno data0.013% PHP203.8k
Artemio Panganiban
Independent Director12.08yrsno data0.00061% PHP9.4k

14.9yrs

Average Tenure

65yo

Average Age

Experienced Board: RBLA.Y's board of directors are seasoned and experienced ( 14.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Robinsons Land Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Robinsons Land Corporation
  • Ticker: RBLA.Y
  • Exchange: OTCPK
  • Founded: 1980
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₱77.907b
  • Listing Market Cap: ₱1.545b
  • Shares outstanding: 5.19b
  • Website: https://www.robinsonsland.com

Number of Employees


Location

  • Robinsons Land Corporation
  • Galleria Corporate Center
  • Level 2
  • Quezon City
  • 1605
  • Philippines

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RLCPSE (Philippines Stock Exchange)YesCommon StockPHPHPJan 1992
RBLA.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 2013

Biography

Robinsons Land Corporation, together with its subsidiaries, acquires, develops, operates, leases, disposes, and sells real properties in the Philippines. It operates through Commercial Centers Division, Residential Division, Office Buildings Division, Hotels and Resorts Division, and Infrastructure and Integrated Developments Division. The company also develops and sells residential condominium spaces, as well as horizontal residential projects; and develops and leases office spaces, as well as owns and operates a chain of hotels. In addition, it develops, leases, and manages shopping malls/commercial centers; and warehouse and logistics facilities, as well as focuses on strategic land bank acquisition. The company was founded in 1980 and is headquartered in Quezon City, the Philippines. Robinsons Land Corporation is a subsidiary of JG Summit Holdings, Inc. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 12:21
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.