New Risk • May 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₱1.65b market cap, or US$26.7m). Duyuru • Apr 28
A Brown Company, Inc., Annual General Meeting, Jun 25, 2026 A Brown Company, Inc., Annual General Meeting, Jun 25, 2026, at 13:00 W. Australia Standard Time. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: ₱0.28 (vs ₱0.064 in FY 2024) Full year 2025 results: EPS: ₱0.28 (up from ₱0.064 in FY 2024). Revenue: ₱1.89b (up 4.6% from FY 2024). Net income: ₱866.7m (up 468% from FY 2024). Profit margin: 46% (up from 8.4% in FY 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Recent Insider Transactions • Feb 21
President & Director recently bought ₱499k worth of stock On the 20th of February, Paul Francis Juat bought around 500k shares on-market at roughly ₱1.00 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Paul Francis has been a buyer over the last 12 months, purchasing a net total of ₱1.2m worth in shares. Recent Insider Transactions • Nov 22
Insider recently sold ₱270k worth of stock On the 19th of November, Daniel Winston Tan-chi sold around 300k shares on-market at roughly ₱0.90 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱113m more than they bought in the last 12 months. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₱0.60 (vs ₱0.04 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.60 (up from ₱0.04 in 3Q 2024). Revenue: ₱213.9m (down 65% from 3Q 2024). Net income: ₱1.50b (up ₱1.36b from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Nov 03
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 14% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₱1.49b market cap, or US$25.4m). Recent Insider Transactions • Aug 23
Executive Vice President recently bought ₱169k worth of stock On the 19th of August, Paul Francis Juat bought around 232k shares on-market at roughly ₱0.73 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱112m more in shares than they bought in the last 12 months. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ₱0.08 (vs ₱0.017 loss in 2Q 2024) Second quarter 2025 results: EPS: ₱0.08 (up from ₱0.017 loss in 2Q 2024). Revenue: ₱671.2m (up 22% from 2Q 2024). Net income: ₱247.3m (up ₱286.5m from 2Q 2024). Profit margin: 37% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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. Upcoming Dividend • Jul 24
Upcoming dividend of ₱0.025 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Filipino dividend payers (5.9%). Higher than average of industry peers (2.6%). New Risk • Jul 17
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 8.6% 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: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (7.9% net profit margin). Significant insider selling over the past 3 months (₱114m sold). Market cap is less than US$100m (₱1.40b market cap, or US$24.4m). Recent Insider Transactions • Jul 10
Chairman recently sold ₱114m worth of stock On the 1st of July, Walter William Brown sold around 196m shares on-market at roughly ₱0.58 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Walter William's only on-market trade for the last 12 months. Duyuru • Jul 09
A Brown Company, Inc. announces Annual dividend, payable on August 15, 2025 A Brown Company, Inc. announced Annual dividend of PHP 0.0250 per share payable on August 15, 2025, ex-date on July 31, 2025 and record date on August 01, 2025. New Risk • May 27
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: 7.9% Last year net profit margin: 27% 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: Major Risk Earnings have declined by 5.7% 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 (7.9% net profit margin). Market cap is less than US$100m (₱1.28b market cap, or US$23.1m). Reported Earnings • May 14
Full year 2024 earnings released: EPS: ₱0.06 (vs ₱0.20 in FY 2023) Full year 2024 results: EPS: ₱0.06 (down from ₱0.20 in FY 2023). Revenue: ₱1.81b (up 11% from FY 2023). Net income: ₱334.1m (down 28% from FY 2023). Profit margin: 19% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Duyuru • May 06
A Brown Company, Inc., Annual General Meeting, Jun 27, 2025 A Brown Company, Inc., Annual General Meeting, Jun 27, 2025, at 13:00 W. Australia Standard Time. Recent Insider Transactions • Mar 11
Executive Vice President recently bought ₱573k worth of stock On the 7th of March, Paul Francis Juat bought around 1m shares on-market at roughly ₱0.55 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 26
Insider recently bought ₱108k worth of stock On the 17th of February, Daniel Winston Tan-chi bought around 200k shares on-market at roughly ₱0.54 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.4m more in shares than they have sold in the last 12 months. New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings have declined by 1.8% 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 1.8% 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 (7.6% net profit margin). Market cap is less than US$100m (₱1.33b market cap, or US$22.5m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: ₱0.07 (vs ₱0.04 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.07 (up from ₱0.04 in 3Q 2023). Revenue: ₱609.8m (up 83% from 3Q 2023). Net income: ₱134.4m (up 7.3% from 3Q 2023). Profit margin: 22% (down from 38% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Recent Insider Transactions • Nov 05
Insider recently bought ₱74k worth of stock On the 30th of October, Daniel Winston Tan-chi bought around 137k shares on-market at roughly ₱0.54 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱363k. Insiders have collectively bought ₱1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 18
Executive Vice President recently bought ₱363k worth of stock On the 12th of September, Paul Francis Juat bought around 700k shares on-market at roughly ₱0.52 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₱0.03 (vs ₱0.066 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.03. Revenue: ₱549.9m (up 9.7% from 2Q 2023). Net income: ₱127.6m (up 16% from 2Q 2023). Profit margin: 23% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Jul 24
Upcoming dividend of ₱0.025 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Filipino dividend payers (6.2%). Higher than average of industry peers (1.7%). Duyuru • Jul 13
A Brown Company, Inc. Declares Cash Dividend on Common Shares, Payable on 15 August 2024 A Brown Company, Inc. announced that at the board meeting held on July 12, 2024 the Corporation has approved the declaration of cash dividends on Common Shares at PHP 0.025 per share with entitled shareholders of record as of 01 August 2024 and payable on 15 August 2024. Duyuru • Jul 12
A Brown Company, Inc. Announces Board and Committee Changes A Brown Company, Inc. announced that at the AGM held on 12 July 2024 elected Wayne Y. Coherco and Elpidio M. Paras as independent directors. Immediately after the AGM, the board elected the following directors as members of different committees of the board of directors of the Corporation. Executive Committee Chair: Walter William B. Brown; Members: Robertino E. Pizarro; Annabelle P. Brown; Antonio S. Soriano; Audit Committee: Chair: Elpidio M. Paras; Members: Wayne Y. Coherco; Antonio S. Soriano; Risk Committee: Chair: Wayne Y. Coherco; Members: Elpidio M. Paras; Antonio S. Soriano; Corporate Governance Committee: Chair: Elpidio M. Paras; Members: Wayne Y. Coherco; Annabelle P. Brown; Robertino E. Pizarro; Related Party Transaction Committee Chair: Wayne Y. Coherco; Members: Elpidio M. Paras; Joselito H. Sibayan. Reported Earnings • May 21
First quarter 2024 earnings released: EPS: ₱0.02 (vs ₱0.08 in 1Q 2023) First quarter 2024 results: EPS: ₱0.02 (down from ₱0.08 in 1Q 2023). Revenue: ₱287.6m (up 6.4% from 1Q 2023). Net income: ₱79.4m (down 58% from 1Q 2023). Profit margin: 28% (down from 69% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 09
Executive Vice President recently bought ₱328k worth of stock On the 30th of April, Paul Francis Juat bought around 533k shares on-market at roughly ₱0.62 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱499k. Insiders have collectively bought ₱1.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 30
Executive Vice President recently bought ₱499k worth of stock On the 24th of April, Paul Francis Juat bought around 831k shares on-market at roughly ₱0.60 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.4m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: ₱0.20 (vs ₱0.27 in FY 2022) Full year 2023 results: EPS: ₱0.20 (down from ₱0.27 in FY 2022). Revenue: ₱1.62b (up 6.9% from FY 2022). Net income: ₱546.5m (down 13% from FY 2022). Profit margin: 34% (down from 42% 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 31% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Apr 08
A Brown Company, Inc., Annual General Meeting, Jun 27, 2024 A Brown Company, Inc., Annual General Meeting, Jun 27, 2024, at 13:00 Singapore Standard Time. New Risk • Mar 22
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₱55m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (₱55m sold). Market cap is less than US$100m (₱1.59b market cap, or US$28.3m). Recent Insider Transactions • Mar 21
Chairman recently sold ₱55m worth of stock On the 12th of March, Walter Brown sold around 89m shares on-market at roughly ₱0.62 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Walter's only on-market trade for the last 12 months. New Risk • Nov 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₱1.66b market cap, or US$29.9m). Recent Insider Transactions • Sep 13
Executive Vice President recently bought ₱717k worth of stock On the 7th of September, Paul Francis Juat bought around 1m shares on-market at roughly ₱0.72 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. 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. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₱0.11 (vs ₱0.09 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.11 (up from ₱0.09 in 2Q 2022). Revenue: ₱501.6m (up 39% from 2Q 2022). Net income: ₱281.6m (up 21% from 2Q 2022). Profit margin: 56% (down from 65% 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 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Jul 04
A Brown Company, Inc. Announces Board Changes A Brown Company, Inc. announced that at its organizational meeting held on elected Paul Francis B. Juat as Executive Vice President and Daniel Winston C. Tan-chi as Assistant Corporate Secretary. The following directors were also elected as members of the different Committees of the Board of Directors of the Corporation: Executive Committee: Chair: Walter W. Brown, Members: Robertino E. Pizarro, Annabelle P. Brown, Antonio S. Soriano. Audit Committee: Chair: Elpidio M. Paras, Members: Thomas G. Aquino, Antonio S. Soriano; Risk Committee: Chair: Thomas G. Aquino, Members: Elpidio M. Paras, Antonio S. Soriano. Corporate Governance Committee: Chair: Elpidio M. Paras, Members: Thomas G. Aauino, Annabelle P. Brown, Robertino E. Pizarro; Related Party Transaction Committee: Chair: Thomas G. Aquino, Members: Elpidio M. Paras, Joselito H. Sibayan. Reported Earnings • May 03
Full year 2022 earnings released: EPS: ₱0.27 (vs ₱0.16 in FY 2021) Full year 2022 results: EPS: ₱0.27 (up from ₱0.16 in FY 2021). Revenue: ₱1.52b (up 114% from FY 2021). Net income: ₱639.0m (up 64% from FY 2021). Profit margin: 42% (down from 55% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Board Change • Dec 28
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. 4 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Lead Independent Director Thomas Aquino was the last independent director to join the board, commencing their role in 2012. 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 19
Second quarter 2022 earnings released: EPS: ₱0.09 (vs ₱0.02 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.09 (up from ₱0.02 in 2Q 2021). Revenue: ₱361.4m (up 332% from 2Q 2021). Net income: ₱232.9m (up 332% from 2Q 2021). Profit margin: 65% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Reported Earnings • May 18
Full year 2021 earnings released: EPS: ₱0.16 (vs ₱0.12 in FY 2020) Full year 2021 results: EPS: ₱0.16 (up from ₱0.12 in FY 2020). Revenue: ₱710.3m (down 18% from FY 2020). Net income: ₱397.6m (up 35% from FY 2020). Profit margin: 56% (up from 34% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Recent Insider Transactions • May 12
Assistant Corporate Secretary recently bought ₱162k worth of stock On the 5th of May, Daniel Winston Tan-chi bought around 200k shares on-market at roughly ₱0.81 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱488k more in shares than they have sold in the last 12 months. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Thomas Aquino was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Dec 16
Assistant Corporate Secretary recently bought ₱240k worth of stock On the 14th of December, Daniel Winston Tan-chi bought around 300k shares on-market at roughly ₱0.80 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱80k more in shares than they bought in the last 12 months. Reported Earnings • Nov 22
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₱0.06 (up from ₱0.03 in 3Q 2020). Revenue: ₱206.1m (down 24% from 3Q 2020). Net income: ₱142.2m (up 68% from 3Q 2020). Profit margin: 69% (up from 31% in 3Q 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Recent Insider Transactions • Nov 03
Assistant Corporate Secretary recently bought ₱86k worth of stock On the 28th of October, Daniel Winston Tan-chi bought around 100k shares on-market at roughly ₱0.86 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱320k more in shares than they bought in the last 12 months. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS ₱0.022 (vs ₱0.038 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱83.6m (down 1.4% from 2Q 2020). Net income: ₱53.9m (down 42% from 2Q 2020). Profit margin: 64% (down from 110% in 2Q 2020). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% 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. Reported Earnings • May 20
Full year 2020 earnings released: EPS ₱0.12 (vs ₱0.20 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱864.0m (down 16% from FY 2019). Net income: ₱294.1m (down 41% from FY 2019). Profit margin: 34% (down from 48% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 16
Assistant Corporate Secretary recently sold ₱406k worth of stock On the 13th of January, Daniel Winston Tan-chi sold around 600k shares on-market at roughly ₱0.68 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱10m more than they sold in the last 12 months. Is New 90 Day High Low • Jan 13
New 90-day high: ₱1.04 The company is up 25% from its price of ₱0.83 on 16 October 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 17% share price gain to ₱1.03, the stock is trading at a trailing P/E ratio of 5.9x, up from the previous P/E ratio of 5.1x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total returns to shareholders over the past three years are 3.0%. Is New 90 Day High Low • Dec 16
New 90-day high: ₱0.94 The company is up 18% from its price of ₱0.80 on 17 September 2020. The Filipino market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 31% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₱0.90 The company is up 10.0% from its price of ₱0.82 on 26 August 2020. The Filipino market is up 19% 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 18
Third quarter 2020 earnings released: EPS ₱0.045 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ₱210.8m (up 56% from 3Q 2019). Net income: ₱110.1m (up 27% from 3Q 2019). Profit margin: 52% (down from 64% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Jul 30
A Brown Company, Inc. (PSE:BRN) completed the acquisition of 99.9% stake in Vires Energy Corp from Argo Group Pte. Ltd. A Brown Company, Inc. (PSE:BRN) entered into a memorandum of agreement to acquire 99.9% stake in Vires Energy Corp from Argo Group Pte. Ltd. for PHP 50.2 million on October 2, 2019. As part of the acquisition, A Brown Company will acquire 86.995 million shares at PHP 0.577 per share. The transaction will be concluded after the completion of the customary due diligence period of a maximum period of 180 days. As of June 18, 2020, board of directors of A Brown Company approved the acquisition. The acquisition of Vires Energy Corp will pave the way for A A Brown Company to participate in Liquefied natural gas projects and will increase the investment of company and will increase revenue from Return on Investment in future.
A Brown Company, Inc. (PSE:BRN) completed the acquisition of 99.9% stake in Vires Energy Corp from Argo Group Pte. Ltd. on June 18, 2020. 
