New Risk • Aug 21
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 High level of debt (56% net debt to equity). 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 • Aug 14
Second quarter 2026 earnings released: EPS: ₱0.41 (vs ₱0.44 in 2Q 2025) Second quarter 2026 results: EPS: ₱0.41 (down from ₱0.44 in 2Q 2025). Revenue: ₱33.5b (up 15% from 2Q 2025). Net income: ₱3.42b (down 6.2% from 2Q 2025). Profit margin: 10% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₱3.60, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total loss to shareholders of 24% over the past three years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: ₱0.44 (vs ₱0.42 in 1Q 2025) First quarter 2026 results: EPS: ₱0.44 (up from ₱0.42 in 1Q 2025). Revenue: ₱30.8b (up 5.6% from 1Q 2025). Net income: ₱3.94b (up 8.0% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). 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 6% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 26
Dividend of ₱0.14 announced Dividend of ₱0.14 is the same as last year. Ex-date: 11th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Apr 25
Filinvest Development Corporation Declares Cash Dividend, Payable on or before 22 May 2026 Filinvest Development Corporation approved the declaration of common share cash dividends in the amount of PHP 0.14027 per share to stockholders on record as of 12 May 2026. Payment date is on or before 22 May 2026. Duyuru • Apr 24
Filinvest Development Corporation Announces Board Appointments Filinvest Development Corporation at its Annual Stockholders’ Meeting held on April 24, 2026, appointed MS. MINA C. FIGUEROA (as independent director) and MR. GEMILO J. SAN PEDRO (as independent director) as directors of FDC to serve for the period 2026-2027. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₱1.72 (vs ₱1.40 in FY 2024) Full year 2025 results: EPS: ₱1.72 (up from ₱1.40 in FY 2024). Revenue: ₱120.6b (up 6.9% from FY 2024). Net income: ₱15.0b (up 24% from FY 2024). Profit margin: 12% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jan 21
Filinvest Development Corporation Announces Changes of Internal Audit Head, Effective January 31, 2026 Filinvest Development Corporation announced the resignation of Ms. Josephine M. Logroño as Internal Audit Head, effective January 31, 2026, due to personal reasons. Mr. Michael R. Roxas will serve as the interim Internal Audit Head of Filinvest Development Corporation in conjunction with his current responsibilities as the Internal Audit Head of Filinvest Land Inc. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ₱0.44 (vs ₱0.30 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.44 (up from ₱0.30 in 2Q 2024). Revenue: ₱29.2b (up 1.0% from 2Q 2024). Net income: ₱3.78b (up 45% from 2Q 2024). Profit margin: 13% (up from 9.1% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ₱0.42 (vs ₱0.34 in 1Q 2024) First quarter 2025 results: EPS: ₱0.42 (up from ₱0.34 in 1Q 2024). Revenue: ₱29.3b (up 11% from 1Q 2024). Net income: ₱3.65b (up 25% from 1Q 2024). Profit margin: 12% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 27
Dividend increased to ₱0.14 Dividend of ₱0.14 is 36% higher than last year. Ex-date: 16th May 2025 Payment date: 10th June 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Duyuru • Apr 25
Filinvest Development Corporation Declares Cash Dividend, Payable on or before 10 June 2025 At the meeting of the Board of Directors of Filinvest Development Corporation held on 25 April 2025, the Board approved declaration of cash dividends in the amount of PHP 0.14027 each share to stockholders on record as of 19 May 2025. Payment date is on or before 10 June 2025. New Risk • Apr 24
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 8.9% 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: Major Risks Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₱4.03, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total loss to shareholders of 39% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₱1.40 (vs ₱1.04 in FY 2023) Full year 2024 results: EPS: ₱1.40 (up from ₱1.04 in FY 2023). Revenue: ₱113.4b (up 23% from FY 2023). Net income: ₱12.1b (up 36% from FY 2023). Profit margin: 11% (up from 9.7% 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 36% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Jan 02
Filinvest Development Corporation Approves Appointment of Atty. Estrella C. Elamparo as Compliance Officer and Head of Legal Filinvest Development Corporation announced that during the Special Meeting of the Board of directors of the company held on January 2, 2025, the board of directors approved the appointment of Atty. Estrella C. Elamparo as compliance officer and Head of Legal, effective January 2, 2025. Duyuru • Nov 21
Filinvest Development Corporation Announces CFO Changes Filinvest Development Corporation at its board meeting held on 18 November 2024 accepted the resignation of Mr. Brian T. Lim as Treasurer, CFO and Compliance Officer effective November 30, 2024 and approved the appointment of Mr. Ven Christian S. Guce, currently Senior Vice President, Group Strategy, Strategic Finance & Special Project Head to Treasurer and Compliance Officer effective December 1, 2024. He will also concurrently serve as Chief Finance Officer effective December 1, 2024. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₱0.45 (vs ₱0.23 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.45 (up from ₱0.23 in 3Q 2023). Revenue: ₱31.3b (up 42% from 3Q 2023). Net income: ₱3.91b (up 97% from 3Q 2023). Profit margin: 13% (up from 9.0% 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 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 07
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to ₱5.80. The fair value is estimated to be ₱4.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 26%. New Risk • Oct 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings have declined by 9.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Sep 20
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₱6.00. The fair value is estimated to be ₱4.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 26%. Duyuru • Aug 21
Filinvest Development Corporation Announces Resignation of Ma. Ruiza R. Hernane as Assistant Corporate Secretary and Tax Legal Head, Effective August 23, 2024 Filinvest Development Corporation announced Resignation of Atty. Ma. Ruiza R. Hernane as Assistant Corporate Secretary and Tax Legal Head due to personal reasons, effective August 23, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₱0.30 (vs ₱0.21 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.30 (up from ₱0.21 in 2Q 2023). Revenue: ₱29.0b (up 33% from 2Q 2023). Net income: ₱2.62b (up 46% from 2Q 2023). Profit margin: 9.0% (up from 8.2% 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 26% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Aug 14
Filinvest Development Corporation Approves Appointment of Marievic G. Ramos-Añonuevo to the Audit and Risk Management Oversight Committee Filinvest Development Corporation approved Addition of Atty. Marievic G. Ramos-Añonuevo, Independent Director, to the Audit and Risk Management Oversight Committee. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₱0.34 (vs ₱0.25 in 1Q 2023) First quarter 2024 results: EPS: ₱0.34 (up from ₱0.25 in 1Q 2023). Revenue: ₱26.4b (up 28% from 1Q 2023). Net income: ₱2.92b (up 36% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). 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 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 13
Upcoming dividend of ₱0.10 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Filipino dividend payers (5.8%). In line with average of industry peers (1.8%). Duyuru • May 03
Filinvest Development Corporation Announces Executive Changes Filinvest Development Corporation announced the resignation of Atty. Millette Asuncion-Arnedo as Senior Vice President, General Counsel andCompliance Officer, effective June 1, 2024 due to personal reasons. Mr. Brian T. Lim will temporarily be taking over her role as Compliance Officer, on top of his current role as Chief Finance Officer. Declared Dividend • Apr 29
Dividend increased to ₱0.10 Dividend of ₱0.10 is 58% higher than last year. Ex-date: 17th May 2024 Payment date: 11th June 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 2.0% 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 92% 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. Duyuru • Apr 28
Filinvest Development Corporation Approves the Declaration of Cash Dividends, Payable on 11 June 2024 Filinvest Development Corporation at the meeting of the Board of Directors held on 26 April 2024, the Board approved the declaration of cash dividends in the amount of PHP 0.10346 each share to stockholders on record as of 20 May 2024. Payment date is on 11 June 2024. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: ₱1.03 (vs ₱0.65 in FY 2022) Full year 2023 results: EPS: ₱1.03 (up from ₱0.65 in FY 2022). Revenue: ₱92.8b (up 32% from FY 2022). Net income: ₱8.95b (up 58% from FY 2022). Profit margin: 9.6% (up from 8.0% in FY 2022). 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 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ₱0.23 (vs ₱0.20 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.23 (up from ₱0.20 in 3Q 2022). Revenue: ₱22.1b (up 22% from 3Q 2022). Net income: ₱1.99b (up 14% from 3Q 2022). Profit margin: 9.0% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 18% per year. New Risk • Oct 24
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 7.4% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 15% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: ₱0.21 (vs ₱0.16 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.21 (up from ₱0.16 in 2Q 2022). Revenue: ₱21.7b (up 24% from 2Q 2022). Net income: ₱1.79b (up 32% from 2Q 2022). Profit margin: 8.2% (up from 7.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Duyuru • Jul 30
Filinvest Development Corporation Announces Resignation of Daniel Ang Tan Chai as Chief Investment Officer Filinvest Development Corporation announced resignation of Mr. Daniel Ang Tan Chai as the Chief Investment Officer (CIO) effective end of business day of July 31, 2023, due to regulatory requirements upon his assumption of the CFO position in Eastwest Bank. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Tony Moncupa was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 07
Insider recently bought ₱1.2m worth of stock On the 2nd of June, Ysmael Baysa bought around 211k shares on-market at roughly ₱5.77 per share. This trade did not impact their existing holding. 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. Duyuru • May 31
Filinvest Development Corporation Announces Executive Appointments The Board of Directors of Filinvest Development Corporation approved 30 May 2023 the following: appointment of Mr. Ysmael V. Baysa as Chief Operating Officer of the company. Mr. Baysa has worked in the consumer sector in the fields of Accounting and Finance. He brings with him several years of experience working on the local and international operations of Procter & Gamble and Jollibee Foods Corporation. He occupied various local and regional positions the most notable of which is as Head of its Finance function for the Philippines, Malaysia and Singapore. More recently, he was Chief Finance Officer of JFC. Currently, he also holds positions as member of the various Boards of Directors/Trustees of Jollibee's wholly owned subsidiaries and joint ventures, including Smashburger (U.S.), Coffee Bean and Tea Leaf (Singapore, US and Ireland), Jollibee Group Foundation and other smaller subsidiaries both in the Philippines and in China. The board also approved appointment of Mr. Daniel Ang Tan Chai as Chief Investment Officer (SVP) of the company Mr. Ang Tan Chai is FDC's former Deputy Chief Finance Officer. Prior to joining FDC, he was Executive Vice-President and Chief Finance Officer of Philippine Bank of Communications. He also served as Senior Vice-President and Chief Finance Officer for Philippine Airlines, and Air Philippines Express, First Vice-President and Chief Finance Officer of Metrobank Card Corporation, and Financial Control of Global Consumer Bank of Citibank, N.A. - Philippines. Upcoming Dividend • May 10
Upcoming dividend of ₱0.065 per share at 1.1% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 14 June 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Filipino dividend payers (5.8%). Lower than average of industry peers (1.4%). Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: ₱0.65 (vs ₱0.70 in FY 2021) Full year 2022 results: EPS: ₱0.65 (down from ₱0.70 in FY 2021). Revenue: ₱70.6b (up 13% from FY 2021). Net income: ₱5.65b (down 6.8% from FY 2021). Profit margin: 8.0% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Duyuru • Jan 25
Filinvest Development Corporation Appoints Lindeza R. Rogero-Gavino as Corporate Secretary and Corporate Information Officer Filinvest Development Corporation informed that Atty. Lindeza R. Rogero-Gavino has been appointed as Corporate Secretary and Corporate Information Officer, effective from January 25, 2023. Atty. Rogero-Gavino, Filipino, is currently the Corporate Governance Lead for the Filinvest Development Corporation Legal Team. She was the Corporate Secretary and Compliance Officer of the Philippine Postal Corporation. Prior to PPC, she spent 12 years with the Securities and Exchange Commission occupying various positions in the said agency, the last being the Director of its Cebu Extension Office. She holds a Bachelor of Arts major in Economics degree from the University of San Carlos in Cebu and a law degree from the University of the Philippines Diliman. Duyuru • Dec 12
Filinvest Group Announces Demise of Mercedes Gotianun, Co-Founder Filinvest Group announced demise of Mercedes Gotianun, Co-founder. Board Change • Nov 16
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. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Claire Huang 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. Duyuru • Nov 14
Filinvest Development Corporation Announces Executive Changes Filinvest Development Corporation confirmed the appointment of the following senior management officers: Mr. Ven Christian S. Guce as Senior Vice President/Group Strategy, Strategic Finance, and Special Projects Head; and Mr. Guce, Filipino, 45 years old, brings with him more than 20 years of experience from various industries having done various roles such as controllership, finance business partnering, planning, financial reporting and analysis coupled with more strategic roles having done business development, sales, strategy, corporate finance (valuation, mergers & acquisitions), and private and public market capital raises. Prior to joining FDC, Ven was the CFO of Growsari which is the Philippines' leading B2B e-commerce company. He led the completion of Growsari's most recent fund raise which was recognized as the fund raise so far for a Philippine start-up. He previously worked with Jollibee Foods Corporation where he led the group's corporate finance, corporate planning, financial planning & analysis, M&A and global treasury functions. Ven led and completed JFC's successful maiden US dollar bond and Philippine Peso preferred shares issuances. Ven holds post-graduate degrees/certificates in Economics, Supply Chain Management and Finance. Ven finished his Master of Science in Industrial Economics from the University of Asia and the Pacific (Salutatorian), his Bachelor of Arts degree in Economics, with specialization in Quantitative Economics from the same university and a Post Graduate Diploma in Purchasing and Supply Chain Management from the De La Salle University and the Philippine Institute for Supply Management. Ven is currently taking courses in advanced finance and strategy from the Wharton School of the University of Pennsylvania. Ms. Susana Martha P. Naval as Vice President and Communications Head. Ms. Naval, Filipino, 53, is a communications professional with over 20 years of combined experience in Public Relations, Internal and Marketing Communications, and Media Relations. Prior to joining Filinvest Development Corporation, Suzette worked as Corporate Communications Manager of Ayala Land Inc. where she handled reputation management initiatives since 2008. She grew her communications experience and practice in her previous work managing corporate brand narratives, reputational risks, internal publications, and the company's online channels. She graduated from St. Scholastica's College with a Bachelor of Arts degree in Mass Communication. She is also a member of the Public Relations Society of the Philippines and a certified Digital Marketing Professional. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ₱0.17 (vs ₱0.26 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.17 (down from ₱0.26 in 2Q 2021). Revenue: ₱17.6b (up 14% from 2Q 2021). Net income: ₱1.47b (down 34% from 2Q 2021). Profit margin: 8.3% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Duyuru • May 18
Filinvest Development Corporation Approves Cash Dividend, Payable on June 14, 2022 On April 29, 2022, the Board of Directors of Filinvest Development Corporation approved the declaration and payment of cash dividends of PHP 0.0714 per share for every common share of record as of May 20, 2022, payable on June 14, 2022. On April 30, 2021, BOD of Filinvest Development Corporation approved the declaration and payment of cash dividends of PHP 0.098 per share for every common share of record as of May 21, 2021. This was paid on June 15, 2021. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: ₱0.088 (vs ₱0.23 in 1Q 2021) First quarter 2022 results: EPS: ₱0.088 (down from ₱0.23 in 1Q 2021). Revenue: ₱15.5b (down 7.0% from 1Q 2021). Net income: ₱760.8m (down 61% from 1Q 2021). Profit margin: 4.9% (down from 12% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 10
Upcoming dividend of ₱0.07 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Filipino dividend payers (4.6%). Higher than average of industry peers (0.8%). Board Change • May 02
Insufficient new directors 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. 3 highly experienced directors. Independent Director Claire Huang was the last 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: Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: ₱0.70 (vs ₱0.98 in FY 2020) Full year 2021 results: EPS: ₱0.70 (down from ₱0.98 in FY 2020). Revenue: ₱62.9b (down 8.1% from FY 2020). Net income: ₱6.07b (down 28% from FY 2020). Profit margin: 9.6% (down from 12% in FY 2020). 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 whereas the company’s share price has fallen by 23% per year. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₱0.23 (vs ₱0.19 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₱16.1b (down 2.3% from 3Q 2020). Net income: ₱1.98b (up 20% from 3Q 2020). Profit margin: 12% (up from 10.0% in 3Q 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 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ₱0.26 (vs ₱0.48 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱15.2b (down 22% from 2Q 2020). Net income: ₱2.23b (down 47% from 2Q 2020). Profit margin: 15% (down from 21% in 2Q 2020). 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 2% per year, which means it is well ahead of earnings. Executive Departure • Jun 09
Executive VP, CFO, Treasurer & Director Nelson Bona has left the company During their tenure, earnings grew by 11% annually compared to the industry average of 3.7%. On the 31st of May, Nelson Bona left the company after 6.0 in the role. As of March 2021, Nelson still personally held only 24.66k shares (₱214k worth at the time). Nelson is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.08 years. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₱0.23 (vs ₱0.35 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱16.6b (down 19% from 1Q 2020). Net income: ₱1.97b (down 34% from 1Q 2020). Profit margin: 12% (down from 15% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • May 11
Upcoming dividend of ₱0.098 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 15 June 2021. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.3%). In line with average of industry peers (1.1%). Duyuru • Apr 30
Filinvest Development Corporation Approves Cash Dividend, Payable on 15 June 2021 Filinvest Development Corporation announced that the meeting of the Board of Directors held on 30 April 2021, the Board approved the declaration of cash dividends to all stockholders of record as of 21 May 2021 in the amount of PHP 0.098 per share. Payment date is set on 15 June 2021. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS ₱0.98 (vs ₱1.38 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱72.0b (down 14% from FY 2019). Net income: ₱8.46b (down 29% from FY 2019). Profit margin: 12% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 11
New 90-day low: ₱8.46 The company is down 13% from its price of ₱9.70 on 11 December 2020. The Filipino market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period. Duyuru • Jan 28
Filinvest Development Corporation, Annual General Meeting, Apr 30, 2021 Filinvest Development Corporation, Annual General Meeting, Apr 30, 2021. Is New 90 Day High Low • Jan 18
New 90-day low: ₱8.80 The company is down 3.0% from its price of ₱9.06 on 21 October 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 26% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₱10.10 The company is up 15% from its price of ₱8.75 on 16 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 32% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ₱0.19 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱16.5b (down 20% from 3Q 2019). Net income: ₱1.65b (down 41% from 3Q 2019). Profit margin: 10% (down from 14% 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 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 23
New 90-day high: ₱9.48 The company is up 4.0% from its price of ₱9.11 on 24 July 2020. The Filipino market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 3.0% over the same period.