Declared Dividend • May 15
Dividend increased to ₱0.61 Dividend of ₱0.61 is 5.6% higher than last year. Ex-date: 29th May 2026 Payment date: 11th June 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • May 14
Vivant Corporation announces Annual dividend, payable on June 11, 2026 Vivant Corporation announced Annual dividend of PHP 0.6076 per share payable on June 11, 2026, ex-date on May 29, 2026 and record date on June 01, 2026. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: ₱0.26 (vs ₱0.28 in 1Q 2025) First quarter 2026 results: EPS: ₱0.26 (down from ₱0.28 in 1Q 2025). Revenue: ₱2.60b (up 9.0% from 1Q 2025). Net income: ₱266.7m (down 6.3% from 1Q 2025). Profit margin: 10% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: ₱2.65 (vs ₱2.30 in FY 2024) Full year 2025 results: EPS: ₱2.65 (up from ₱2.30 in FY 2024). Revenue: ₱12.4b (up 1.7% from FY 2024). Net income: ₱2.71b (up 15% from FY 2024). Profit margin: 22% (up from 19% in FY 2024). The increase in margin was primarily 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 increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 27
Vivant Corporation, Annual General Meeting, May 21, 2026 Vivant Corporation, Annual General Meeting, May 21, 2026, at 10:00 W. Australia Standard Time. New Risk • Mar 09
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 7.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Recent Insider Transactions • Jan 17
Insider recently bought ₱197k worth of stock On the 14th of January, Shem Jose Garcia bought around 9k shares on-market at roughly ₱22.93 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱421k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ₱1.17 (vs ₱0.77 in 3Q 2024) Third quarter 2025 results: EPS: ₱1.17 (up from ₱0.77 in 3Q 2024). Revenue: ₱5.83b (up 78% from 3Q 2024). Net income: ₱1.20b (up 52% from 3Q 2024). Profit margin: 21% (down from 24% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 12
Vivant Corporation (PSE:VVT) acquired 40% stake in Samal Solar Renewable Energy Corp for approximately PHP 400 million. Vivant Corporation (PSE:VVT) acquired 40% stake in Samal Solar Renewable Energy Corp for approximately PHP 400 million on September 10, 2025. A cash consideration of PHP 395 million will be paid by Vivant Corporation.
Vivant Corporation (PSE:VVT) completed the acquisition of 40% stake in Samal Solar Renewable Energy Corp on September 10, 2025. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₱0.66 (vs ₱0.58 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.66 (up from ₱0.58 in 2Q 2024). Revenue: ₱3.02b (down 17% from 2Q 2024). Net income: ₱675.0m (up 3.5% from 2Q 2024). Profit margin: 22% (up from 18% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jul 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 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₱25.00, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 9x in the Renewable Energy industry in Philippines. Total returns to shareholders of 71% over the past three years. Duyuru • Jun 20
Vivant Corporation Announces Management and Committee Changes, Effective June 19, 2025 Vivant Corporation at its AGM held on June 19, 2025, approved the election of Mr. Alfredo S. Panlilio as Independent Director, and Appointment of Mr. Erickson B. Omamalin as VP - Head of Off-Grid Solutions, effective June 19, 2025. The company announced resignation of Atty. Jose M. Layug as Independent Director, effective June 19, 2025. Reason; Expiration of Term. The company also announced appointment of Atty Jess Anthony N. Garcia as Executive vice president -infrastructure and Atty. Joan A. Giduquio-Baron as Assistant Corporate Secretary, effective June 19, 2025. Thereafter, the Chairman of the meeting, and the members of the Board
appointed the following Directors to the following Board Committees: Audit Committee: Mr. Alfredo S. Panlilio - member. Finance Committee: Mr. Alfredo S. Panlilio - member. Corporate Governance Committee: Mr. Alfredo S. Panlilio - Chairman. Related Part Transactions Committee: Atty. Laurence R. Rogero - Chairman, Mr. Ramontito E. Garcia -Member and Mr. Jose Carlitos G. Cruz - Member. Risk and Sustainability Committee: Mr. Alfredo S. Panlilio - member. Lastly, the Board confirmed the appointments of the following officers of the Company: Mr. Ronnel Vergel E. De Leon: SAVP - Treasury. Declared Dividend • May 28
Dividend increased to ₱0.58 Dividend of ₱0.58 is 3.1% higher than last year. Ex-date: 9th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (dividend approximately 103x free cash flows). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • May 27
Vivant Corporation announces Annual dividend, payable on June 20, 2025 Vivant Corporation announced Annual dividend of PHP 0.5753 per share payable on June 20, 2025, ex-date on June 09, 2025 and record date on June 10, 2025. Board Change • May 23
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. 7 non-independent directors. Lead Independent Director Laurence Rogero 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. New Risk • May 04
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 8.5% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Duyuru • Mar 24
Vivant Corporation, Annual General Meeting, Jun 19, 2025 Vivant Corporation, Annual General Meeting, Jun 19, 2025, at 10:00 W. Australia Standard Time. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₱18.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 11x in the Renewable Energy industry in Philippines. Total returns to shareholders of 18% over the past three years. New Risk • Feb 15
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 7.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₱22.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 10x in the Renewable Energy industry in Philippines. Total returns to shareholders of 52% over the past three years. Recent Insider Transactions • Dec 11
EVP, Chief Corporate Officer recently bought ₱63k worth of stock On the 9th of December, Minuel Carmela Franco bought around 4k shares on-market at roughly ₱18.00 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Minuel Carmela has been a buyer over the last 12 months, purchasing a net total of ₱142k worth in shares. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱0.77 (vs ₱0.58 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.77 (up from ₱0.58 in 3Q 2023). Revenue: ₱3.28b (up 54% from 3Q 2023). Net income: ₱788.3m (up 32% from 3Q 2023). Profit margin: 24% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ₱0.58 (vs ₱0.69 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.58 (down from ₱0.69 in 2Q 2023). Revenue: ₱3.63b (up 59% from 2Q 2023). Net income: ₱652.2m (down 7.2% from 2Q 2023). Profit margin: 18% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses. 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. Recent Insider Transactions • Jul 17
Corporate Secretary recently bought ₱76k worth of stock On the 11th of July, Catherine Bringas bought around 5k shares on-market at roughly ₱15.95 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱127k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to ₱16.00, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 8x in the Renewable Energy industry in Philippines. Total loss to shareholders of 7.2% over the past three years. New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 3.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.6% 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 (8.8% average weekly change). Declared Dividend • May 29
Dividend increased to ₱0.56 Dividend of ₱0.56 is 43% higher than last year. Ex-date: 6th June 2024 Payment date: 21st June 2024 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. 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 • May 28
Vivant Corporation Declares Cash Dividend, Payable on June 21, 2024 Vivant Corporation in a regular meeting of the Board of Directors (the "Board") held on May 24, 2024, where a quorum existed throughout, the Board approved the declaration of cash dividends in the amount of PHP 0.5580 per share to all common shareholders of record as of June 7, 2024, payable on June 21, 2024. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ₱0.22 (vs ₱0.56 in 1Q 2023) First quarter 2024 results: EPS: ₱0.22 (down from ₱0.56 in 1Q 2023). Revenue: ₱1.93b (up 18% from 1Q 2023). Net income: ₱225.2m (down 61% from 1Q 2023). Profit margin: 12% (down from 35% 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 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₱18.38, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Renewable Energy industry in Philippines. Total returns to shareholders of 40% over the past three years. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: ₱2.23 (vs ₱1.56 in FY 2022) Full year 2023 results: EPS: ₱2.23 (up from ₱1.56 in FY 2022). Revenue: ₱8.28b (up 27% from FY 2022). Net income: ₱2.28b (up 43% from FY 2022). Profit margin: 28% (up from 25% 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 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 05
Vivant Corporation, Annual General Meeting, Jun 20, 2024 Vivant Corporation, Annual General Meeting, Jun 20, 2024, at 10:00 Singapore Standard Time. Agenda: To consider the Minutes of the Annual Stockholders's Meeting held on June 15, 2023; to consider the annual Report of Officers; to consider the 2023 Annual Report and Financial Statements; to consider the appointment of External Auditor for 2024; to consider the election of Directors for the year 2024-2025 Regular Directors and Independent Directors; to consider the ratification of all Acts and Resolutions of the Board of Directors and Management Adopted for Fiscal Year 2023; and to consider the other Matters that may properly be brought before the meeting. Duyuru • Jan 31
Vivant Corporation Approves the Appointment of Peter C. Buenaseda as Chief Human Resource Officer, Effective from February 1, 2024 In a regular meeting of the Board of Directors (the "Board") held on January 31, 2024, where a quorum existed throughout, the Board of Vivant Corporation approved the appointment of Mr. Peter C. Buenaseda as Chief Human Resource Officer effective February 1, 2024. Peter Buenaseda is 57 years old, Filipino, and is a multi-awarded HR and general management executive with a professional career spanning more than 30 years with global companies across the technology, knowledge processing, telecoms, semiconductor, and banking industries. He was formerly the CHRO of AC Energy and the Chief Operating Officer of TDS Global Solutions. For more than a decade that he was with Thomson Reuters Manila as Head of HR and later on as Country Head, he demonstrated visionary, strategic, hands-on, and inspirational leadership growing and transforming the organization into an employer of choice, quality and innovation role model, diversity champion and thought leader in the industry with best in class HR and talent development practices. He has also served as Country Manager and HR Manager of global companies such as Philips, Motorola, and ABN AMRO. He completed his Bachelor of Arts degree majoring in Behavioral Science at the University of Santo Tomas and his Master in Business Management degree at the Asian Institute of Management. He is taking up courses leading to a Certificate in Human Resources Management at UCLA and has completed the Dave Ulrich Academy Program of the RB Group, the Human Resources Executive Program of the University of Michigan, the Thomson Reuters-INSEAD Asia Leadership Program, and the Six Sigma Black Belt Training of Motorola University. In 2016, he was named the People Manager of the Year by the People Management Association of the Philippines, and the following year, Thomson Reuters was recognized as the Employer of the Year also by PMAP. He was conferred the highest status of Diplomate in People Management (DPM) in the Philippine Society of Fellows of the People Manageme Association of the Philippines in 2019. During his stint at Thomson Reuters, he received more than 10 awards for himsel and on behalf of the Company for its employer brand, talent and development initiatives, quality and innovation program, and business excellence. He is a Certified Senior Professional of the Society for Human Resources Management (SHRM-SCP), a Graduate Fellow of the Institute of Corporate Directors, and a Certified Executive Coach of the People Management Association of the Philippines and Door International. He was formerly a Board Trustee of the Global In-House Center Council of the Philippines (GICC) and Chairman of its HR Committee. He was a Founding member and Past President of the Nagcarlan "Ana Kalang" Jaycees and a delegate to the Ship for Southeast Asian Youth Program. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.58 (vs ₱0.48 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.58 (up from ₱0.48 in 3Q 2022). Revenue: ₱2.13b (up 29% from 3Q 2022). Net income: ₱596.1m (up 21% from 3Q 2022). Profit margin: 28% (down from 30% 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 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₱17.98, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 8x in the Renewable Energy industry in Philippines. Total returns to shareholders of 39% over the past three years. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: ₱0.69 (vs ₱0.41 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.69 (up from ₱0.41 in 2Q 2022). Revenue: ₱2.28b (up 43% from 2Q 2022). Net income: ₱702.8m (up 69% from 2Q 2022). Profit margin: 31% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₱19.48, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 8x in the Renewable Energy industry in Philippines. Total returns to shareholders of 56% over the past three years. Duyuru • Jun 19
Vivant Corporation Announces Executive Changes Vivant Corporation at the Annual Stockholders' Meeting held on 15 June 2023, Election of Regular Directors for 2023-2024: Francis Damasus A. Garcia; Election of Independent Directors for 2023-2024: Laurence R. Rogero; Chairman of the Board: Mr. Francis Damasus A. Garcia; Vice Chairman: Mr. Ramontito E. Garcia; Corporate Secretary: Atty. Catherine S. Bringas; Lead Director: Atty. Laurence R. Rogero. Executive Committee: Mr. Francis Damasus A. Garcia - Chairman, Members: Mr. Ramontito E. Garcia (Vice Chairman), Mr. Emil Andre M. Garcia, Mr. Arlo Angelo A. Sarmiento, Mr. Jose Marko Anton G. Sarmiento, Mr. Charles Sylvestre A. Garcia, Ms. Brigette Cecile N. Garcia. Audit Committee: Mr. Jose Carlitos G. Cruz - Independent - Chairman, Members: Mr. Charles Sylvestre A. Garcia, Mr. Jose Marko Anton G. Sarmiento, Atty Jose M. Layug, Jr. Independent, Atty. Laurence R. Rogero - Independent.Finance Committee: Atty. Laurence R. Rogero - Independent - Chairman, Members: Mr. Francis Damasus A. Garcia, Mr. Jose Marko Anton G. Sarmiento, Mr. Jose Carlitos G. Cruz - Independent; Corporate Governance Committee: Atty. Jose M. Layug, Jr. - Independent - Chairman, Members: Mr. Jose Carlitos G. Cruz Independent, Atty. Laurence R. Rogero - Independent; Related Party Transaction Committee: Atty. Jose M. Layug, Jr. - Independent - Chairman, Members: Mr. Ramontito E. Garcia, Mr. Jose Carlitos G. Cruz Independent; Risk and Sustainability Committee: Atty. Laurence R. Rogero - Independent - Chairman, Members: Mr. Jose Marko Anton G. Sarmiento, Mr. Charles Sylvestre A. Garcia, Atty. Jose M. Layug, Jr. - Independent. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₱19.80, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 8x in the Renewable Energy industry in Philippines. Total returns to shareholders of 43% over the past three years. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: ₱1.56 (vs ₱1.74 in FY 2021) Full year 2022 results: EPS: ₱1.56 (down from ₱1.74 in FY 2021). Revenue: ₱6.52b (up 31% from FY 2021). Net income: ₱1.60b (down 10% from FY 2021). Profit margin: 25% (down from 36% 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 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₱16.48, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 10x in the Renewable Energy industry in Philippines. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 19% share price gain to ₱15.22, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Renewable Energy industry in Philippines. Total returns to shareholders of 9.5% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₱0.48 (vs ₱0.53 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.48 (down from ₱0.53 in 3Q 2021). Revenue: ₱1.65b (up 26% from 3Q 2021). Net income: ₱491.3m (down 9.2% from 3Q 2021). Profit margin: 30% (down from 41% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. 7 non-independent directors. Independent Director Joseph Sullivan was the last independent director to join the board, commencing their role in 2022. 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 • Oct 07
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₱12.82, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 14x in the Renewable Energy industry in Philippines. Total loss to shareholders of 17% over the past three years. Duyuru • Sep 12
Vivant Corporation Announces Retirement of Maria Victoria E. Sembrano as Vice President - Controllership and Corporate Services for Infrastructure Vivant Corporation announced Ms. Maria Victoria E. Sembrano, Vice President - Controllership and Corporate Services for Infrastructure will be retiring from the company effective September 9, 2022, after ten (10)years in service. Recent Insider Transactions • Sep 03
Insider recently bought ₱180k worth of stock On the 25th of August, Maria Victoria Sembrano bought around 11k shares on-market at roughly ₱16.00 per share. This transaction increased Maria Victoria's direct individual holding by 10x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₱289k. Insiders have collectively bought ₱986k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₱14.50, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 15x in the Renewable Energy industry in Philippines. Total loss to shareholders of 1.9% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 30% share price gain to ₱18.38, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 14x in the Renewable Energy industry in Philippines. Total returns to shareholders of 24% over the past three years. Recent Insider Transactions • Jul 06
President & Vice Chairman recently bought ₱289k worth of stock On the 29th of June, Emil Andre Garcia bought around 18k shares on-market at roughly ₱15.97 per share. This was the largest purchase by an insider in the last 3 months. Emil Andre has been a buyer over the last 12 months, purchasing a net total of ₱557k worth in shares. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₱16.70, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 14x in the Renewable Energy industry in Philippines. Total returns to shareholders of 14% over the past three years. Duyuru • May 18
Vivant Corporation Approves Cash Dividend, Payable on June 10, 2022 Vivant Corporation approved declaration of cash dividend in the amount of PHP 0.4341 per share to the common shareholder of record as May 30, 2022, payable on June 10, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: ₱0.034 (vs ₱0.14 in 1Q 2021) First quarter 2022 results: EPS: ₱0.034 (down from ₱0.14 in 1Q 2021). Revenue: ₱1.08b (up 39% from 1Q 2021). Net income: ₱35.1m (down 75% from 1Q 2021). Profit margin: 3.3% (down from 18% in 1Q 2021). 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 but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 6 non-independent directors. Independent Director Jay Layug was the last independent director to join the board, commencing their role in 2022. 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 • Apr 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₱16.74, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Renewable Energy industry in Philippines. Total returns to shareholders of 6.1% over the past three years. Reported Earnings • Apr 11
Full year 2021 earnings released: EPS: ₱1.74 (vs ₱1.41 in FY 2020) Full year 2021 results: EPS: ₱1.74 (up from ₱1.41 in FY 2020). Revenue: ₱4.99b (up 32% from FY 2020). Net income: ₱1.78b (up 23% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. 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 6% per year, which means it has not declined as severely as earnings. Duyuru • Mar 23
Vivant Corporation, Annual General Meeting, Jun 16, 2022 Vivant Corporation, Annual General Meeting, Jun 16, 2022, at 10:00 Singapore Standard Time. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to ₱16.72, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 13x in the Renewable Energy industry in Philippines. Total returns to shareholders of 13% over the past three years. Duyuru • Feb 10
Vivant Corporation Announces Board Changes In a Regular Meeting of the Board of Directors of Vivant Corporation (the "Board") held on February 9, 2022, where a quorum existed throughout, the Board was informed that its Independent Director, Atty. Laurence R. Rogero, will be resigning from the Board effective February 28, 2022. In the same meeting, Ms. Minuel Carmela N. Franco was appointed to her new position as Executive Vice President and Chief Corporate Officer in addition to her existing positions as Treasurer, CFO, Compliance Officer and Chief Risk Officer effective immediately. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ₱0.53 (vs ₱0.41 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₱1.31b (up 28% from 3Q 2020). Net income: ₱541.0m (up 27% from 3Q 2020). Profit margin: 41% (in line with 3Q 2020). 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 5% per year. Recent Insider Transactions • Oct 19
Vice Chairman & Senior VP of Power recently bought ₱74k worth of stock On the 14th of October, Emil Andre Garcia bought around 5k shares on-market at roughly ₱15.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱270k. Emil Andre has been a buyer over the last 12 months, purchasing a net total of ₱267k worth in shares. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₱16.54, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 14x in the Renewable Energy industry in Philippines. Total loss to shareholders of 6.2% over the past three years. Recent Insider Transactions • Sep 28
Senior VP of Power & Director recently bought ₱150k worth of stock On the 20th of September, Emil Andre Garcia bought around 10k shares on-market at roughly ₱15.10 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱270k. Insiders have collectively bought ₱751k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS ₱0.55 (vs ₱0.41 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱1.69b (up 80% from 2Q 2020). Net income: ₱566.7m (up 34% from 2Q 2020). Profit margin: 34% (down from 45% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 20% share price gain to ₱17.96, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Renewable Energy industry in Philippines. Total loss to shareholders of 7.9% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 18% share price gain to ₱17.70, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 12x in the Renewable Energy industry in Philippines. Total returns to shareholders of 19% over the past three years. Upcoming Dividend • May 26
Upcoming dividend of ₱0.35 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 23 June 2021. Trailing yield: 2.3%. Lower than top quartile of Filipino dividend payers (4.2%). Lower than average of industry peers (2.6%). Duyuru • May 21
Vivant Corporation Approves Regular Cash Dividend, Payable on June 23, 2021 The Board of Directors of Vivant Corporation approved the declaration and payment of regular cash dividend PHP 0.35 per share. Record date is June 4, 2021 and payment date is June 23, 2021. Reported Earnings • May 15
First quarter 2021 earnings released: EPS ₱0.14 (vs ₱0.31 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱777.5m (down 9.6% from 1Q 2020). Net income: ₱142.0m (down 56% from 1Q 2020). Profit margin: 18% (down from 37% in 1Q 2020). The decrease in margin was primarily driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 15
Full year 2020 earnings released: EPS ₱1.41 (vs ₱2.29 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: ₱3.77b (flat on FY 2019). Net income: ₱1.44b (down 38% from FY 2019). Profit margin: 38% (down from 62% in FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ₱0.41 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱1.02b (down 34% from 3Q 2019). Net income: ₱425.1m (down 41% from 3Q 2019). Profit margin: 42% (down from 47% 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 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Duyuru • Nov 13
Vivant Corporation Approves Appointment of Brigette Cecile N. Garcia as SAVP - Corporate Planning, Effective November 15, 2020 Vivant Corporation at its regular meeting of the Board of Directors held on 13 November 2020, the Board approved the appointment of Brigette Cecile N. Garcia to her new designation as SAVP - Corporate Planning, effective November 15, 2020. Is New 90 Day High Low • Nov 11
New 90-day high: ₱14.48 The company is up 7.0% from its price of ₱13.54 on 13 August 2020. The Filipino market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 18% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₱13.00 The company is down 7.0% from its price of ₱14.00 on 25 June 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 5.0% over the same period.