New Risk • May 25
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: 7.0% Last year net profit margin: 14% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (₱1.12b market cap, or US$18.3m). New Risk • May 19
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 Large one-off items impacting financial results. Market cap is less than US$100m (₱1.12b market cap, or US$18.2m). Board Change • May 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 27
Jolliville Holdings Corporation, Annual General Meeting, Jun 11, 2026 Jolliville Holdings Corporation, Annual General Meeting, Jun 11, 2026, at 15:00 W. Australia Standard Time. Location: joh conference room 4th floor 20 lansbergh place, 170 tomas morato avenue, quezon Philippines Board Change • Feb 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₱3.08, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 7x in the Electric Utilities industry in Philippines. Total loss to shareholders of 50% over the past three years. Board Change • Dec 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ₱4.40, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 8x in the Electric Utilities industry in Philippines. Total returns to shareholders of 23% over the past three years. New Risk • Dec 05
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 8.1% 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 Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (₱1.23b market cap, or US$20.9m). Board Change • Nov 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 18
Third quarter 2025 earnings released: ₱0.021 loss per share (vs ₱0.097 profit in 3Q 2024) Third quarter 2025 results: ₱0.021 loss per share (down from ₱0.097 profit in 3Q 2024). Revenue: ₱393.0m (down 1.1% from 3Q 2024). Net loss: ₱5.79m (down 121% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Nov 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 17
First quarter 2025 earnings released: ₱0.055 loss per share (vs ₱0.094 profit in 1Q 2024) First quarter 2025 results: ₱0.055 loss per share (down from ₱0.094 profit in 1Q 2024). Revenue: ₱346.2m (down 1.7% from 1Q 2024). Net loss: ₱15.4m (down 158% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Tillkännagivande • May 16
Jolliville Holdings Corporation, Annual General Meeting, Jun 26, 2025 Jolliville Holdings Corporation, Annual General Meeting, Jun 26, 2025, at 15:00 W. Australia Standard Time. Location: 4th floor 20 lansbergh place, 170 tomas morato cor., scout castor st., quezon Philippines Board Change • May 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Herminio Coloma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: ₱0.81 (vs ₱1.44 in FY 2023) Full year 2024 results: EPS: ₱0.81 (down from ₱1.44 in FY 2023). Revenue: ₱1.60b (down 8.6% from FY 2023). Net income: ₱227.1m (down 44% from FY 2023). Profit margin: 14% (down from 23% in FY 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 15% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₱2.04b market cap, or US$36.1m). Board Change • Apr 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Sergio Ortiz-Luis was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Sergio Ortiz-Luis was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 10
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 9.4% 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 Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱2.13b market cap, or US$36.8m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₱7.58, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 5x in the Electric Utilities industry in Philippines. Total returns to shareholders of 64% over the past three years. Board Change • Nov 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Sergio Ortiz-Luis was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱0.097 (vs ₱0.073 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.097 (up from ₱0.073 in 3Q 2023). Revenue: ₱397.5m (up 9.6% from 3Q 2023). Net income: ₱27.2m (up 33% from 3Q 2023). Profit margin: 6.8% (up from 5.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₱5.00, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 5x in the Electric Utilities industry in Philippines. Total loss to shareholders of 7.4% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₱341.8m (up 9.1% from 2Q 2023). Net income: ₱6.25m (up ₱9.66m from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jul 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₱1.41b market cap, or US$24.0m). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₱5.00, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 5x in the Electric Utilities industry in Philippines. Total loss to shareholders of 9.3% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₱6.53, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 5x in the Electric Utilities industry in Philippines. Total returns to shareholders of 11% over the past three years. 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 9.4% 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 Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱1.27b market cap, or US$21.6m). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₱4.50, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 15x in the Electric Utilities industry in Asia. Total loss to shareholders of 34% over the past three years. Tillkännagivande • Jun 08
Jolliville Holdings Corporation Approves Committee Appointments Jolliville Holdings Corporation at its organizational meeting held on June 5, 2024, the following directors were elected as members of the various Committees for the year 2024-2025, to serve as such until their successors shall have been duly elected and qualified: Related Party Transactions (RPT) Committee: Chairman: Sergio Ortiz-Luis Jr. Members: Herminio B. Coloma Jr., Dexter E. Quintana. The composition of committees: Executive Committee: Chairman: Jolly L. Ting, Members: Nanette T. Ongcarranceja, Ortrud T. Yao. Audit Committee: Chairman: Herminio B. Coloma Jr., Members: Sergio Ortiz-Luis Jr., Dexter E. Quintana. Board Risk Oversight Committee: Chairman: Herminio B. Coloma Jr., Members: Sergio Ortiz-Luis Jr., Rodolfo L. See. Corporate Governance Committee: Chairman: Sergio Ortiz-Luis Jr., Members: Herminio B. Coloma Jr., Dexter E. Quintana. Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: ₱1.44 (vs ₱0.59 in FY 2022) Full year 2023 results: EPS: ₱1.44 (up from ₱0.59 in FY 2022). Revenue: ₱1.75b (up 21% from FY 2022). Net income: ₱404.8m (up 143% from FY 2022). Profit margin: 23% (up from 12% in FY 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 20
Jolliville Holdings Corporation, Annual General Meeting, Jun 05, 2024 Jolliville Holdings Corporation, Annual General Meeting, Jun 05, 2024, at 15:00 Singapore Standard Time. Location: JOH Conference Room 4th Floor 20 Lansbergh Place 170 Tomas Morato cor. Scout Castor St. Quezon Philippines Agenda: To consider Approval of the Audited Financial Statements as of 31 December 2023; to consider Election of the Board of Directors for 2024; to consider Ratification of Acts of the Board of Directors and Management; to consider Appointment of External Auditor; to consider Other Matters; to consider Adjournment. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 49% After last week's 49% share price gain to ₱5.53, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 6.3% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.073 (vs ₱0.097 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.073 (down from ₱0.097 in 3Q 2022). Revenue: ₱362.9m (up 3.7% from 3Q 2022). Net income: ₱20.5m (down 25% from 3Q 2022). Profit margin: 5.7% (down from 7.8% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Aug 20
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.4% per year over the past 5 years. Minor Risks High level of debt (45% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (₱1.04b market cap, or US$18.5m). New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings have declined by 3.3% 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 3.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (₱1.04b market cap, or US$18.3m). Reported Earnings • Aug 15
Second quarter 2023 earnings released: ₱0.012 loss per share (vs ₱0.033 loss in 2Q 2022) Second quarter 2023 results: ₱0.012 loss per share (improved from ₱0.033 loss in 2Q 2022). Revenue: ₱313.2m (down 4.0% from 2Q 2022). Net loss: ₱3.41m (loss narrowed 63% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • May 08
Jolliville Holdings Corporation, Annual General Meeting, Jun 22, 2023 Jolliville Holdings Corporation, Annual General Meeting, Jun 22, 2023, at 15:00 Singapore Standard Time. Location: JOH Conference Room 4th Floor 20 Lansbergh Place, 170 Tomas Morato cor. Scout Castor St., Quezon City Philippines Quezon City Philippines Agenda: To Approve the Minutes of Last Year's Annual Stockholders' Meeting; to consider the Presentation of the Chief Finance Officer; to consider the Approval of the Audited Financial Statements as of 31 December 2021; to approve the Election of the Board of Directors for 2021; to consider the Ratification of Acts of the Board of Directors and Management; to approve the Appointment of External Auditor; and to consider other matters if any. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: ₱0.59 (vs ₱1.31 in FY 2021) Full year 2022 results: EPS: ₱0.59 (down from ₱1.31 in FY 2021). Revenue: ₱1.45b (up 13% from FY 2021). Net income: ₱166.7m (down 55% from FY 2021). Profit margin: 12% (down from 29% in FY 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₱3.43, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorated over the past week After last week's 26% share price decline to ₱4.50, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₱3.57, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total loss to shareholders of 34% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Sergio Ortiz-Luis was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
Second quarter 2022 earnings released: ₱0.033 loss per share (vs ₱0.016 loss in 2Q 2021) Second quarter 2022 results: ₱0.033 loss per share (down from ₱0.016 loss in 2Q 2021). Revenue: ₱326.1m (up 16% from 2Q 2021). Net loss: ₱9.18m (loss widened 108% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 25% share price decline to ₱3.91, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 18x in the Electric Utilities industry in Asia. Total loss to shareholders of 36% over the past three years. Reported Earnings • May 11
Full year 2021 earnings released: EPS: ₱1.31 (vs ₱0.38 in FY 2020) Full year 2021 results: EPS: ₱1.31 (up from ₱0.38 in FY 2020). Revenue: ₱1.28b (up 15% from FY 2020). Net income: ₱367.9m (up 248% from FY 2020). Profit margin: 29% (up from 9.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sergio Ortiz-Luis was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₱5.45, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total loss to shareholders of 7.6% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ₱0.045 (vs ₱0.053 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱301.9m (up 19% from 3Q 2020). Net income: ₱12.6m (up ₱27.7m from 3Q 2020). Profit margin: 4.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: ₱0.016 loss per share (vs ₱0.018 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₱281.7m (up 26% from 2Q 2020). Net loss: ₱4.41m (loss narrowed 13% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 50% share price gain to ₱6.78, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 19% share price gain to ₱5.73, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 15x in the Electric Utilities industry in Asia. Total returns to shareholders of 8.3% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₱5.55, the stock is trading at a trailing P/E ratio of 28.1x, up from the previous P/E ratio of 24.3x. This compares to an average P/E of 14x in the Electric Utilities industry in Asia. Total returns to shareholders over the past three years are 3.5%. Is New 90 Day High Low • Dec 28
New 90-day high: ₱5.90 The company is up 37% from its price of ₱4.30 on 30 September 2020. The Filipino market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 17% share price gain to ₱5.28, the stock is trading at a trailing P/E ratio of 26.7x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 13x in the Electric Utilities industry in Asia. Total returns to shareholders over the past three years are 5.6%. Is New 90 Day High Low • Nov 18
New 90-day high: ₱5.39 The company is up 7.0% from its price of ₱5.04 on 20 August 2020. The Filipino market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is up 2.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ₱0.053 loss per share The company reported a poor third quarter result with weaker earnings and control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: ₱253.7m (flat on 3Q 2019). Net loss: ₱15.1m (down 203% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 18
New 90-day low: ₱4.22 The company is down 20% from its price of ₱5.25 on 19 June 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 1.0% over the same period.