Board Change • Apr 20
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 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 Antonio Abacan was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 06
Primex Corporation, Annual General Meeting, Jun 11, 2026 Primex Corporation, Annual General Meeting, Jun 11, 2026, at 11:00 W. Australia Standard Time. New Risk • Sep 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 12% 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 Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₱3.48b market cap, or US$60.7m). Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ₱0.007 (vs ₱0.019 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.007 (down from ₱0.019 in 2Q 2024). Revenue: ₱26.7m (down 64% from 2Q 2024). Net income: ₱15.3m (down 66% from 2Q 2024). Profit margin: 57% (down from 61% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Jun 18
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 11% 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (₱2.97b market cap, or US$51.9m). Reported Earnings • May 05
Full year 2024 earnings released: EPS: ₱0.05 (vs ₱0.04 in FY 2023) Full year 2024 results: EPS: ₱0.05 (up from ₱0.04 in FY 2023). Revenue: ₱530.8m (up 100% from FY 2023). Net income: ₱116.4m (up 23% from FY 2023). Profit margin: 22% (down from 36% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₱1.31, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total loss to shareholders of 51% over the past three years. Board Change • Apr 21
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 an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Antonio Abacan was the last independent director to join the board, commencing their role in 2024. 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 • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱1.55, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱1.50, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total loss to shareholders of 44% over the past three years. Duyuru • Mar 13
Primex Corporation, Annual General Meeting, Jun 13, 2025 Primex Corporation, Annual General Meeting, Jun 13, 2025, at 11:00 W. Australia Standard Time. Board Change • Dec 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Antonio Abacan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₱1.31, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total loss to shareholders of 34% over the past three years. Reported Earnings • Nov 13
Third quarter 2024 earnings released: ₱0.002 loss per share (vs ₱0.023 profit in 3Q 2023) Third quarter 2024 results: ₱0.002 loss per share (down from ₱0.023 profit in 3Q 2023). Net loss: ₱3.78m (down 107% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₱1.64, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total loss to shareholders of 6.7% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₱2.42, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₱2.03, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total loss to shareholders of 5.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₱2.07, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total loss to shareholders of 1.9% over the past three years. New Risk • Aug 02
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 9.0% 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 (4.4% operating cash flow to total debt). Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₱5.39b market cap, or US$93.1m). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₱2.40, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₱2.00, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total loss to shareholders of 35% over the past three years. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: ₱0.04 (vs ₱0.014 in FY 2022) Full year 2023 results: EPS: ₱0.04 (up from ₱0.014 in FY 2022). Revenue: ₱265.7m (up 80% from FY 2022). Net income: ₱94.8m (up 182% from FY 2022). Profit margin: 36% (up from 23% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Duyuru • Mar 23
Primex Corporation, Annual General Meeting, Jun 14, 2024 Primex Corporation, Annual General Meeting, Jun 14, 2024, at 11:00 Singapore Standard Time. Buy Or Sell Opportunity • Feb 19
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₱2.52. The fair value is estimated to be ₱3.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 53% over the last 3 years. Earnings per share has declined by 58%. New Risk • Jan 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₱5.46b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings have declined by 22% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₱167m revenue, or US$3.0m). Market cap is less than US$100m (₱5.46b market cap, or US$97.8m). Buying Opportunity • Nov 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₱3.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 53% over the last 3 years. Earnings per share has declined by 58%. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.023 (vs ₱0.002 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.023 (up from ₱0.002 in 3Q 2022). Revenue: ₱73.5m (up ₱69.1m from 3Q 2022). Net income: ₱53.5m (up ₱48.2m from 3Q 2022). Profit margin: 73% (down from 120% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. New Risk • Oct 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 6.8% 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 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Revenue is less than US$5m (₱98m revenue, or US$1.7m). Duyuru • Jul 23
Primex Corporation Approves Regular Cash Dividend, Payable on August 30, 2023 Primex Corporation announced at its board meeting held on July 21, 2023, approved regular cash dividend of PHP 0.0027 per common share from retained earnings as of December 31, 2022 as of Record Date August 04, 2023. Payment Date is August 30, 2023. Duyuru • Jun 15
Primex Corporation Elects Karlvin Ernest L. Ang and Kerwyn Ernest L. Ang as Directors Primex Corporation elected Karlvin Ernest L. Ang and Kerwyn Ernest l. Ang as Directors at the Annual Stockholders meeting held on June 14, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director John Ma Yam was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jul 07
Primex Corporation Announces Declaration of Dividends by Issuer's Board of , Payment Date Is Aug. 10, 2022 Primex Corporation announced declaration of dividends by issuer's Board of Directors. Amount of Cash Dividend Per Share is PHP 0.032. Record Date is July 19, 2022. Payment Date is Aug. 10, 2022. Recent Insider Transactions • May 25
Executive VP recently sold ₱2.4m worth of stock On the 20th of May, Ernest Ang sold around 937k shares on-market at roughly ₱2.57 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱597k more than they bought 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. 1 experienced director. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Willy Ong 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. Duyuru • Apr 12
Primex Corporation Announces Executive Changes Primex Corporation announced the demise of Eduardo O. Ang, director. The Board has designated Mrs. Annetta C. Ang as Interim Director to serve the unexpired term of Mr. Eduardo O. Ang. Duyuru • Apr 01
Primex Corporation, Annual General Meeting, Jun 24, 2022 Primex Corporation, Annual General Meeting, Jun 24, 2022, at 11:00 Singapore Standard Time. Recent Insider Transactions • Dec 29
Executive VP recently bought ₱1.8m worth of stock On the 24th of December, Ernest Ang bought around 937k shares on-market at roughly ₱1.93 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. Reported Earnings • Nov 17
Third quarter 2021 earnings released Third quarter 2021 results: Revenue: ₱2.95m (down 95% from 3Q 2020). Net income: ₱3.08m (down 95% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 26% share price gain to ₱2.75, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 11x in the Real Estate industry in Philippines. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improved over the past week After last week's 17% share price gain to ₱1.76, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 12x in the Real Estate industry in Philippines. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₱1.51, the stock is trading at a trailing P/E ratio of 13.9x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total return to shareholders over the past three years is a loss of 60%. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₱1.57, the stock is trading at a trailing P/E ratio of 14.4x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total return to shareholders over the past three years is a loss of 70%. Is New 90 Day High Low • Dec 12
New 90-day high: ₱1.54 The company is up 36% from its price of ₱1.13 on 11 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₱1.54, the stock is trading at a trailing P/E ratio of 14.2x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total return to shareholders over the past three years is a loss of 74%. Is New 90 Day High Low • Nov 24
New 90-day high: ₱1.40 The company is up 17% from its price of ₱1.20 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 15
Third quarter 2020 earnings released: EPS ₱0.038 Third quarter 2020 results: Revenue: ₱56.6m (down 1,116% from 3Q 2019). Net income: ₱63.4m (up ₱55.3m from 3Q 2019). 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 45% per year, which means it is significantly lagging earnings.