Buy Or Sell Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to ₱6.80. The fair value is estimated to be ₱8.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 14%. New Risk • May 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Reported Earnings • May 05
Full year 2025 earnings released: EPS: ₱0.90 (vs ₱0.81 in FY 2024) Full year 2025 results: EPS: ₱0.90 (up from ₱0.81 in FY 2024). Revenue: ₱6.22b (up 17% from FY 2024). Net income: ₱941.8m (up 12% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Apr 30
Upcoming dividend of ₱0.23 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Filipino dividend payers (6.4%). Lower than average of industry peers (4.8%). Declared Dividend • Apr 12
Dividend reduced to ₱0.23 Dividend of ₱0.23 is 6.8% lower than last year. Ex-date: 7th May 2026 Payment date: 29th May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Apr 11
iPeople, inc., Annual General Meeting, Jul 31, 2026 iPeople, inc., Annual General Meeting, Jul 31, 2026, at 16:15 W. Australia Standard Time. Location: via zoom teleconferencing, Philippines Duyuru • Apr 10
iPeople, inc. Declares Cash Dividend for the Year Ended December 31, 2025, Payable on or Before May 29, 2026 iPeople, inc. announced that at the Regular Meeting of the Board of Directors held on 08 April 2026., the company declared a Cash Dividend of PHP 0.2312727 per common share, or a total amount of PHP 241,509,571.47 from the Company's unrestricted retained earnings as of December 31, 2025, to all stockholders of record as of May 8, 2026, and payable on or before May 29, 2026. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₱0.36 (vs ₱0.17 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.36 (up from ₱0.17 in 3Q 2024). Revenue: ₱1.68b (up 31% from 3Q 2024). Net income: ₱373.4m (up 106% from 3Q 2024). Profit margin: 22% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Aug 18
iPeople, inc. Appoints John Paul Caquilala as It-Head, Effective August 18, 2025 iPeople, inc. announced appointment of Mr. John Paul Caquilala as the Company's IT-Head, effective August 18, 2025, subject to the confirmation of the Board of Directors of the Company during its next regular meeting scheduled on November 26, 2025. Mr. Caquilala is seconded from iPeople inc.'s Parent Company, House of Investments, Inc. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: ₱0.082 (vs ₱0.11 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.082 (down from ₱0.11 in 2Q 2024). Revenue: ₱1.25b (up 3.8% from 2Q 2024). Net income: ₱85.7m (down 25% from 2Q 2024). Profit margin: 6.8% (down from 9.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • May 28
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 7.7% 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 (7.7% average weekly change). Reported Earnings • May 01
Full year 2024 earnings released: EPS: ₱0.81 (vs ₱0.62 in FY 2023) Full year 2024 results: EPS: ₱0.81 (up from ₱0.62 in FY 2023). Revenue: ₱5.32b (up 19% from FY 2023). Net income: ₱844.5m (up 31% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 30
Upcoming dividend of ₱0.25 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Filipino dividend payers (6.4%). Lower than average of industry peers (4.7%). Declared Dividend • Apr 12
Dividend increased to ₱0.25 Dividend of ₱0.25 is 31% higher than last year. Ex-date: 7th May 2025 Payment date: 30th May 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Apr 11
iPeople, inc. announces Annual dividend, payable on May 30, 2025 iPeople, inc. announced Annual dividend of PHP 0.2482 per share payable on May 30, 2025, ex-date on May 07, 2025 and record date on May 08, 2025. Duyuru • Apr 10
iPeople, inc., Annual General Meeting, Jul 30, 2025 iPeople, inc., Annual General Meeting, Jul 30, 2025, at 16:15 W. Australia Standard Time. Location: via zoom teleconferencing, Philippines Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱0.17 (vs ₱0.099 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.17 (up from ₱0.099 in 3Q 2023). Revenue: ₱1.28b (up 22% from 3Q 2023). Net income: ₱181.4m (up 75% from 3Q 2023). Profit margin: 14% (up from 9.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ₱0.11 (vs ₱0.03 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.11 (up from ₱0.03 in 2Q 2023). Revenue: ₱1.21b (up 24% from 2Q 2023). Net income: ₱114.5m (up 261% from 2Q 2023). Profit margin: 9.5% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher 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 6% per year, which means it is significantly lagging earnings. Duyuru • Jul 31
iPeople, inc. Announces Committee Appointments iPeople, inc. at its Organizational Meeting of the Board of Directors held on July 30, 2024, the following committees were also created, and the following persons were appointed to the respective committees: Senior Management Committee: Mr. Lorenzo V. Tan – Chairman, Dr. Reynaldo B. Vea – Member, Mr. Alfredo Antonio I. Ayala – Member; Remuneration Committee: Ms. Herminia S. Jacinto – Member; Audit Committee: Ms. Herminia S. Jacinto – Chairman; Board Risk Oversight Committee: Ms. Herminia S. Jacinto – Member; Corporate Governance Nomination and Related Party Transaction Committee: Ms. Herminia S. Jacinto – Member. Reported Earnings • May 01
Full year 2023 earnings released: EPS: ₱0.62 (vs ₱0.74 in FY 2022) Full year 2023 results: EPS: ₱0.62 (down from ₱0.74 in FY 2022). Revenue: ₱4.49b (up 14% from FY 2022). Net income: ₱645.3m (down 16% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 30
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₱6.29. The fair value is estimated to be ₱8.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. Upcoming Dividend • Apr 25
Upcoming dividend of ₱0.19 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 24 May 2024. Trailing yield: 2.8%. Lower than top quartile of Filipino dividend payers (6.0%). Lower than average of industry peers (3.8%). Declared Dividend • Apr 10
Dividend of ₱0.19 announced Shareholders will receive a dividend of ₱0.19. Ex-date: 2nd May 2024 Payment date: 24th May 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.0%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Duyuru • Apr 08
iPeople, inc., Annual General Meeting, Jul 30, 2024 iPeople, inc., Annual General Meeting, Jul 30, 2024, at 16:15 Singapore Standard Time. Buying Opportunity • Nov 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be ₱8.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.099 (vs ₱0.23 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.099 (down from ₱0.23 in 3Q 2022). Revenue: ₱1.06b (up 5.5% from 3Q 2022). Net income: ₱103.6m (down 57% from 3Q 2022). Profit margin: 9.8% (down from 24% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ₱8.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 36%. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₱5.81, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 9x in the Consumer Services industry in Philippines. Total returns to shareholders of 8.0% over the past three years. Buying Opportunity • Sep 07
Now 31% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be ₱8.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 36%. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ₱0.03 (vs ₱0.14 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.03 (down from ₱0.14 in 2Q 2022). Revenue: ₱978.0m (up 11% from 2Q 2022). Net income: ₱31.8m (down 79% from 2Q 2022). Profit margin: 3.2% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Aug 05
iPeople, inc. Announces Resignation of Herminia S. Jacinto as Independent Director iPeople, inc. advised that Ms. Herminia S. Jacinto submitted her resignation as Independent Director of the Company effective immediately and was accepted by the Board of Directors during the Special Meeting of the Board of Directors on August 4, 2023. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱8.40, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 8x in the Consumer Services industry in Philippines. Total returns to shareholders of 36% over the past three years. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: ₱0.74 (vs ₱0.63 in FY 2021) Full year 2022 results: EPS: ₱0.74 (up from ₱0.63 in FY 2021). Revenue: ₱3.94b (up 18% from FY 2021). Net income: ₱769.3m (up 17% from FY 2021). Profit margin: 20% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 18
Upcoming dividend of CN¥0.19 per share at 2.7% yield Eligible shareholders must have bought the stock before 25 April 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Filipino dividend payers (5.6%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₱6.93, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Consumer Services industry in Philippines. Total loss to shareholders of 22% 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. 8 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Herminia Jacinto was the last independent director to join the board, commencing their role in 2019. 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 06
Second quarter 2022 earnings released: EPS: ₱0.14 (vs ₱0.11 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.14 (up from ₱0.11 in 2Q 2021). Revenue: ₱885.0m (up 20% from 2Q 2021). Net income: ₱147.7m (up 24% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% 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 • Jul 08
Investor sentiment deteriorated over the past week After last week's 29% share price decline to ₱5.16, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 10x in the Consumer Services industry in Philippines. Total loss to shareholders of 44% over the past three years. Reported Earnings • May 07
Full year 2021 earnings released: EPS: ₱0.63 (vs ₱0.23 in FY 2020) Full year 2021 results: EPS: ₱0.63 (up from ₱0.23 in FY 2020). Revenue: ₱3.35b (up 11% from FY 2020). Net income: ₱659.1m (up 168% from FY 2020). Profit margin: 20% (up from 8.1% in FY 2020). The increase in margin was primarily driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₱7.98, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 12x in the Consumer Services industry in Philippines. Total loss to shareholders of 22% over the past three years. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Herminia Jacinto was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Apr 19
Upcoming dividend of ₱0.16 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Filipino dividend payers (4.4%). Lower than average of industry peers (3.6%). Duyuru • Feb 01
iPeople, inc. Announces Management Changes iPeople, inc. announced that Mr. Renato C. Valencia has resigned as Chairman of company, effective January 31, 2022, and that Dr. Reynaldo B. Vea will replace him as Chairman upon election during the Special Meeting of the Board scheduled on January 31, 2022. In view of the resignation of Mr. Valencia as Chairman, and the current re-organization of Company, the following directors were elected, after prior qualification and endorsement of the Corporate Governance, Nomination and RPT Committee, to the following positions during the Special Meeting of the Board of Directors on January 31, 2022: Chairman and Chief Executive Officer (CEO)- Dr. Reynaldo B. Vea and President and Chief Operating Officer (COO)- Mr. Alfredo Antonio I. Ayala. The above-mentioned Officers and Lead Independent Director shall serve as such starting February 1, 2022. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₱0.14 (vs ₱0.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱814.8m (up 16% from 3Q 2020). Net income: ₱147.0m (up 135% from 3Q 2020). Profit margin: 18% (up from 8.9% in 3Q 2020). The increase in margin was driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS ₱0.11 (vs ₱0.10 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱738.7m (up 40% from 2Q 2020). Net income: ₱119.2m (up ₱226.7m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
Full year 2020 earnings released: EPS ₱0.23 (vs ₱0.27 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₱3.02b (flat on FY 2019). Net income: ₱245.8m (down 3.4% from FY 2019). Profit margin: 8.1% (down from 8.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₱8.00, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 26x in the Consumer Services industry in Asia. Total loss to shareholders of 36% over the past three years. Upcoming Dividend • Apr 27
Upcoming dividend of ₱0.06 per share Eligible shareholders must have bought the stock before 04 May 2021. Payment date: 31 May 2021. Trailing yield: 4.1%. Lower than top quartile of Filipino dividend payers (4.2%). Higher than average of industry peers (1.7%). Is New 90 Day High Low • Mar 10
New 90-day low: ₱8.00 The company is down 22% from its price of ₱10.30 on 10 December 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: ₱9.18 The company is up 24% from its price of ₱7.40 on 28 August 2020. The Filipino market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Services industry, which is up 37% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ₱0.06 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱702.9m (down 29% from 3Q 2019). Net income: ₱62.7m (down 68% from 3Q 2019). Profit margin: 8.9% (down from 20% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Nov 10
Director recently bought ₱187k worth of stock On the 5th of November, Yvonne Yuchengco bought around 24k shares on-market at roughly ₱7.79 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.