Tillkännagivande • Apr 23
City & Land Developers, Incorporated, Annual General Meeting, Aug 06, 2026 City & Land Developers, Incorporated, Annual General Meeting, Aug 06, 2026. Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: ₱0.12 (vs ₱0.07 in FY 2024) Full year 2025 results: EPS: ₱0.12 (up from ₱0.07 in FY 2024). Revenue: ₱859.4m (up 121% from FY 2024). Net income: ₱192.0m (up 73% from FY 2024). Profit margin: 22% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Mar 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱560.4m (US$9.39m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.0% per year over the past 5 years. Market cap is less than US$10m (₱560.4m market cap, or US$9.39m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₱0.04 (vs ₱0.03 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.04 (up from ₱0.03 in 3Q 2024). Revenue: ₱251.3m (up 103% from 3Q 2024). Net income: ₱64.7m (up 36% from 3Q 2024). Profit margin: 26% (down from 38% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (22% net profit margin). Market cap is less than US$100m (₱915.6m market cap, or US$16.0m). Upcoming Dividend • May 19
Upcoming dividend of ₱0.03 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 18 June 2025. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Filipino dividend payers (6.3%). Higher than average of industry peers (2.3%). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ₱0.003 (vs ₱0.007 in 1Q 2024) First quarter 2025 results: EPS: ₱0.003 (down from ₱0.007 in 1Q 2024). Revenue: ₱140.3m (up 58% from 1Q 2024). Net income: ₱5.22m (down 60% from 1Q 2024). Profit margin: 3.7% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 14
City & Land Developers, Incorporated announces Annual dividend, payable on June 18, 2025 City & Land Developers, Incorporated announced Annual dividend of PHP 0.0300 per share payable on June 18, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: ₱0.07 (vs ₱0.10 in FY 2023) Full year 2024 results: EPS: ₱0.07 (down from ₱0.10 in FY 2023). Revenue: ₱410.1m (down 13% from FY 2023). Net income: ₱111.3m (down 29% from FY 2023). Profit margin: 27% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Apr 11
City & Land Developers, Incorporated, Annual General Meeting, Jun 24, 2025 City & Land Developers, Incorporated, Annual General Meeting, Jun 24, 2025. New Risk • Nov 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 28% Last year net profit margin: 42% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (28% net profit margin). Market cap is less than US$100m (₱1.07b market cap, or US$18.2m). Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₱0.03 (vs ₱0.03 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.03 (in line with 3Q 2023). Revenue: ₱123.9m (down 5.9% from 3Q 2023). Net income: ₱47.6m (down 9.5% from 3Q 2023). Profit margin: 38% (down from 40% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₱0.02 (vs ₱0.044 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.02 (down from ₱0.044 in 2Q 2023). Revenue: ₱77.7m (down 45% from 2Q 2023). Net income: ₱41.4m (down 29% from 2Q 2023). Profit margin: 53% (up from 41% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 20
Upcoming dividend of ₱0.034 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 24 July 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (1.9%). Declared Dividend • Jun 03
Dividend reduced to ₱0.034 Dividend of ₱0.034 is 63% lower than last year. Ex-date: 27th June 2024 Payment date: 24th July 2024 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (183% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 30% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.7% EPS decline seen over the last 5 years. Tillkännagivande • May 31
City & Land Developers, Incorporated Approves the Cash Dividend, Payable on July 24, 2024 The Board of Directors of City & Land Developers, Incorporated in its special meeting held, May 31, 2024, approved the declaration of cash dividends. Record date is June 28, 2024 and payment date is July 24, 2024. Amount per share of PHP 0.0338. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ₱0.01 (vs ₱0.02 in 1Q 2023) First quarter 2024 results: EPS: ₱0.01 (down from ₱0.02 in 1Q 2023). Revenue: ₱98.9m (down 20% from 1Q 2023). Net income: ₱13.1m (down 61% from 1Q 2023). Profit margin: 13% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 26
City & Land Developers, Incorporated, Annual General Meeting, Jun 11, 2024 City & Land Developers, Incorporated, Annual General Meeting, Jun 11, 2024, at 16:00 Singapore Standard Time. Agenda: To consider the approval of Minutes of Previous Annual Stockholders' Meeting; to consider the confirmation of all acts of the Board of Directors for the period covering January 1, 2023 to December 31, 2023 adopted in the ordinary course of business, including but not limited to; to consider the appointment of signatories and amendments thereof; and to consider other matters. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: ₱0.10 (vs ₱0.26 in FY 2022) Full year 2023 results: EPS: ₱0.10 (down from ₱0.26 in FY 2022). Revenue: ₱512.7m (down 56% from FY 2022). Net income: ₱157.4m (down 62% from FY 2022). Profit margin: 31% (down from 36% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 13
City & Land Developers, Incorporated Announces Executive Changes City & Land Developers, Incorporated announced that during the special meeting of the Board of Directors held on December 13, 2023 through teleconferencing, the Board of Directors approved the following: The retirement of Ms. Melita M. Revuelta as Vice President, Alternate Compliance Officer & Alternate Corporate Information Officer and Head of the Internal Audit Department effective December 31, 2023. The appointment of Ms. Hazel Anne C. Paule as Head of the Internal Audit Department effective January 01, 2024. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ₱0.032 (vs ₱0.067 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.032 (down from ₱0.067 in 3Q 2022). Revenue: ₱131.6m (down 51% from 3Q 2022). Net income: ₱52.6m (down 52% from 3Q 2022). Profit margin: 40% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₱0.04 (vs ₱0.095 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.04 (down from ₱0.095 in 2Q 2022). Revenue: ₱147.2m (down 66% from 2Q 2022). Net income: ₱56.7m (down 61% from 2Q 2022). Profit margin: 39% (up from 34% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 27
Upcoming dividend of ₱0.091 per share at 8.5% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 02 August 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (1.4%). Tillkännagivande • Jun 14
City & Land Developers, Incorporated Announces Executive Appointments City & Land Developers, Incorporated at its organizational meeting held on June 13, 2023, approved the appointment of Ms. Emma A. Choa as Chief Operating Officer; Mr. Rudy Go as Treasurer and Mrs. Melita M. Revuelta as Vice President /Alternate Compliance Officer & Alternate Corporate Information Officer. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₱1.44b market cap, or US$25.8m). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₱1.03, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 69% over the past three years. Tillkännagivande • Jun 07
City & Land Developers, Incorporated Approves Dividend for the Year Ended December 31, 2022, Payable on August 02, 2023 City & Land Developers, Incorporated approves dividend of PHP 0.0913 for the year ended December 31, 2022, payable on August 02, 2023. Record Date July 7, 2023. Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: ₱0.27 (vs ₱0.12 in FY 2021) Full year 2022 results: EPS: ₱0.27 (up from ₱0.12 in FY 2021). Revenue: ₱1.17b (up 78% from FY 2021). Net income: ₱412.3m (up 136% from FY 2021). Profit margin: 35% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Director Peter Dee was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 07
City & Land Developers, Incorporated Announces Reorganization of the Board of Directors In a special meeting held on September 05, 2022, the Board of Directors of City & Land Developers, Incorporated adopted and approved the reorganization of the Board of Directors effective September 05, 2022 as follows: Mr. Cesar E.A. Virata as Chairman of the Board from independent director; Dr. Andrew I. Liuson as Vice Chairman of the Board from the chairman of the board; and Mrs. Grace C. Liuson as Deputy Vice-Chairman of the Board from Vice chairman of the board. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ₱0.10 (vs ₱0.022 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.10 (up from ₱0.022 in 2Q 2021). Revenue: ₱433.4m (up 327% from 2Q 2021). Net income: ₱145.2m (up 339% from 2Q 2021). Profit margin: 34% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 16
City & Land Developers, Incorporated Announces Management Changes City & Land Developers, Incorporated at its Organizational Meeting held on June 15, 2022 elected Mrs. Melita M. Revuelta as Vice President /Alternate Compliance Officer & Alternate Corporate Information Officer. List of Committees and Membership: Executive Committee: Dr. Andrew I. Liuson, Chairman, Mrs. Grace C. Liuson, Member, Mr. Josef C. Gohoc, Member. Corporate Governance Committee: Mr. Cesar E.A. Virata - Independent Director, Chairman, Dr. Andrew I. Liuson, Member, Mr. Benjamin I. Liuson, Member. Audit & Risk Committee: Mr. Peter S. Dee - Independent Director, Chairman, Dr. Andrew I. Liuson, Member, Mrs. Grace C. Liuson, Member. Tillkännagivande • Jun 08
City & Land Developers, Incorporated Declares Cash Dividend for the Year Ended December 31, 2021, Payable on July 08, 2022 The Board of Directors of City & Land Developers, Incorporated in its special meeting held on June 03, 2022 approved the declaration of cash dividend of PHP 0.0317 per share. Record date is June 22, 2022; Payment date is July 08, 2022; Source of Cash Dividends is Unappropriated retained earnings as of December 31, 2021. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Cesar E. Virata was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: ₱0.12 (vs ₱0.073 in FY 2020) Full year 2021 results: EPS: ₱0.12 (up from ₱0.073 in FY 2020). Revenue: ₱655.9m (up 89% from FY 2020). Net income: ₱174.4m (up 67% from FY 2020). Profit margin: 27% (down from 30% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₱1.01, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 13x in the Real Estate industry in Philippines. Total returns to shareholders of 39% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ₱0.027 (vs ₱0.02 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₱170.9m (up 86% from 3Q 2020). Net income: ₱46.6m (up 57% from 3Q 2020). Profit margin: 27% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 18% share price gain to ₱1.12, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 11x in the Real Estate industry in Philippines. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₱1.22, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 11x in the Real Estate industry in Philippines. Total returns to shareholders of 45% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of ₱0.014 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 July 2021. Trailing yield: 0.7%. Lower than top quartile of Filipino dividend payers (4.1%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to ₱1.74, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Real Estate industry in Philippines. Total returns to shareholders of 109% over the past three years. Reported Earnings • May 18
First quarter 2021 earnings released: EPS ₱0.02 (vs ₱0.017 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ₱150.6m (up 95% from 1Q 2020). Net income: ₱27.1m (up 13% from 1Q 2020). Profit margin: 18% (down from 31% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₱1.52, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 10x in the Real Estate industry in Philippines. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₱1.80, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 11x in the Real Estate industry in Philippines. Total returns to shareholders of 123% over the past three years. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS ₱0.07 (vs ₱0.12 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₱354.5m (down 41% from FY 2019). Net income: ₱104.6m (down 41% from FY 2019). Profit margin: 30% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Executive Departure • Apr 13
VP of Legal Department & Corporate Secretary has left the company On the 5th of April, Emma Jularbal's tenure as VP of Legal Department & Corporate Secretary ended after 19.8 years in the role. As of December 2020, Emma personally held only 81.48k shares (₱59k worth at the time). Emma is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improved over the past week After last week's 65% share price gain to ₱2.25, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 11x in the Real Estate industry in Philippines. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improved over the past week After last week's 21% share price gain to ₱1.29, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 11x in the Real Estate industry in Philippines. Total returns to shareholders of 42% over the past three years. Is New 90 Day High Low • Mar 02
New 90-day high: ₱1.03 The company is up 41% from its price of ₱0.73 on 02 December 2020. The Filipino market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 47% share price gain to ₱1.03, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 9x in the Real Estate industry in Philippines. Total returns to shareholders over the past three years are 19%. Is New 90 Day High Low • Nov 25
New 90-day high: ₱0.80 The company is up 10.0% from its price of ₱0.73 on 27 August 2020. The Filipino market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 27% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ₱0.022 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱92.1m (down 49% from 3Q 2019). Net income: ₱29.7m (down 51% from 3Q 2019). Profit margin: 32% (down from 34% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 