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Eagle Cement

PSE:EAGLE
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EAGLE
PSE
PHP38B
Market Cap
  1. Home
  2. PH
  3. Materials
Company description

Eagle Cement Corporation engages in the manufacture, marketing, distribution, and sale of cement, and cement products and by-products in the Philippines. The last earnings update was 148 days ago. More info.


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  • Eagle Cement has significant price volatility in the past 3 months.
EAGLE Share Price and Events
7 Day Returns
-0.9%
PSE:EAGLE
-3%
PH Basic Materials
1.4%
PH Market
1 Year Returns
-52.8%
PSE:EAGLE
-28%
PH Basic Materials
-32.5%
PH Market
EAGLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eagle Cement (EAGLE) -0.9% -26% -48.9% -52.8% - -
PH Basic Materials -3% -15.6% -32.2% -28% -12.2% -15.3%
PH Market 1.4% -20.4% -30.1% -32.5% -27.1% -30%
1 Year Return vs Industry and Market
  • EAGLE underperformed the Basic Materials industry which returned -28% over the past year.
  • EAGLE underperformed the Market in Philippines which returned -32.5% over the past year.
Price Volatility
EAGLE
Industry
5yr Volatility vs Market

EAGLE Value

 Is Eagle Cement undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eagle Cement to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eagle Cement.

PSE:EAGLE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.2%
Perpetual Growth Rate 10-Year PH Government Bond Rate 4.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for PSE:EAGLE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PH Govt Bond Rate 4.7%
Equity Risk Premium S&P Global 7.9%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 30%) (20.27%))
0.952
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.71% + (0.952 * 7.85%)
12.18%

Discounted Cash Flow Calculation for PSE:EAGLE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eagle Cement is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

PSE:EAGLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PHP, Millions) Source Present Value
Discounted (@ 12.18%)
2020 5,683.00 Analyst x1 5,065.88
2021 6,566.00 Analyst x1 5,217.41
2022 7,268.79 Est @ 10.7% 5,148.64
2023 7,916.10 Est @ 8.91% 4,998.27
2024 8,521.42 Est @ 7.65% 4,796.20
2025 9,097.96 Est @ 6.77% 4,564.64
2026 9,657.40 Est @ 6.15% 4,319.16
2027 10,209.54 Est @ 5.72% 4,070.26
2028 10,762.40 Est @ 5.42% 3,824.74
2029 11,322.43 Est @ 5.2% 3,586.82
Present value of next 10 years cash flows PHP45,592.00
PSE:EAGLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PHP11,322.43 × (1 + 4.71%) ÷ (12.18% – 4.71%)
PHP158,669.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PHP158,669.66 ÷ (1 + 12.18%)10
PHP50,264.82
PSE:EAGLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PHP45,592.00 + PHP50,264.82
PHP95,856.82
Equity Value per Share
(PHP)
= Total value / Shares Outstanding
= PHP95,856.82 / 5,000.00
PHP19.17
PSE:EAGLE Discount to Share Price
Calculation Result
Value per share (PHP) From above. PHP19.17
Current discount Discount to share price of PHP7.53
= -1 x (PHP7.53 - PHP19.17) / PHP19.17
60.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Eagle Cement is available for.
Intrinsic value
>50%
Share price is PHP7.53 vs Future cash flow value of PHP19.17
Current Discount Checks
For Eagle Cement to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eagle Cement's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eagle Cement's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eagle Cement's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eagle Cement's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
PSE:EAGLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PHP PHP1.17
PSE:EAGLE Share Price ** PSE (2020-04-03) in PHP PHP7.53
Asia Basic Materials Industry PE Ratio Median Figure of 252 Publicly-Listed Basic Materials Companies 11.76x
Philippines Market PE Ratio Median Figure of 173 Publicly-Listed Companies 10.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eagle Cement.

PSE:EAGLE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= PSE:EAGLE Share Price ÷ EPS (both in PHP)

= 7.53 ÷ 1.17

6.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Cement is good value based on earnings compared to the Asia Basic Materials industry average.
  • Eagle Cement is good value based on earnings compared to the Philippines market.
Price based on expected Growth
Does Eagle Cement's expected growth come at a high price?
Raw Data
PSE:EAGLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.3%per year
Asia Basic Materials Industry PEG Ratio Median Figure of 74 Publicly-Listed Basic Materials Companies 0.91x
Philippines Market PEG Ratio Median Figure of 63 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

PSE:EAGLE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.44x ÷ 13.3%

0.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Cement is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Eagle Cement's assets?
Raw Data
PSE:EAGLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PHP PHP6.61
PSE:EAGLE Share Price * PSE (2020-04-03) in PHP PHP7.53
Philippines Basic Materials Industry PB Ratio Median Figure of 5 Publicly-Listed Basic Materials Companies 2.78x
Philippines Market PB Ratio Median Figure of 241 Publicly-Listed Companies 0.88x
PSE:EAGLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= PSE:EAGLE Share Price ÷ Book Value per Share (both in PHP)

= 7.53 ÷ 6.61

1.14x

* Primary Listing of Eagle Cement.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Cement is good value based on assets compared to the PH Basic Materials industry average.
X
Value checks
We assess Eagle Cement's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Eagle Cement has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EAGLE Future Performance

 How is Eagle Cement expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eagle Cement expected to grow at an attractive rate?
  • Eagle Cement's earnings growth is expected to exceed the low risk savings rate of 4.7%.
Growth vs Market Checks
  • Eagle Cement's earnings growth is expected to exceed the Philippines market average.
  • Eagle Cement's revenue growth is expected to exceed the Philippines market average.
Annual Growth Rates Comparison
Raw Data
PSE:EAGLE Future Growth Rates Data Sources
Data Point Source Value (per year)
PSE:EAGLE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.3%
PSE:EAGLE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 17.5%
Asia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 8.4%
Asia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Philippines Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Philippines Market Revenue Growth Rate Market Cap Weighted Average 8.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
PSE:EAGLE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in PHP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
PSE:EAGLE Future Estimates Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 28,966 9,507 7,972 2
2020-12-31 23,655 9,977 6,948 3
2020-04-04
2019-12-31 20,493 6,881 6,179 3
PSE:EAGLE Past Financials Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income *
2019-09-30 19,630 5,770 5,848
2019-06-30 18,805 5,943 5,637
2019-03-31 17,891 5,570 5,149
2018-12-31 16,522 4,691 4,624
2018-09-30 15,835 5,031 4,278
2018-06-30 15,607 5,075 4,191
2018-03-31 15,106 5,159 4,124
2017-12-31 14,872 5,458 4,089
2017-09-30 14,468 6,465 4,087
2017-06-30 14,075 5,862 4,100
2017-03-31 13,877 5,446 4,175
2016-12-31 13,276 6,208 3,938

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eagle Cement's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • Eagle Cement's revenue is expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
PSE:EAGLE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Eagle Cement Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:EAGLE Future Estimates Data
Date (Data in PHP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.59 1.59 1.59 1.00
2020-12-31 1.37 1.52 1.23 2.00
2020-04-04
2019-12-31 1.22 1.27 1.17 2.00
PSE:EAGLE Past Financials Data
Date (Data in PHP Millions) EPS *
2019-09-30 1.17
2019-06-30 1.13
2019-03-31 1.03
2018-12-31 0.92
2018-09-30 0.86
2018-06-30 0.84
2018-03-31 0.84
2017-12-31 0.85
2017-09-30 0.68
2017-06-30 0.70
2017-03-31 0.93
2016-12-31 0.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Eagle Cement is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eagle Cement's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eagle Cement has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EAGLE Past Performance

  How has Eagle Cement performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eagle Cement's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eagle Cement's year on year earnings growth rate has been positive over the past 5 years.
  • Eagle Cement's 1-year earnings growth exceeds its 5-year average (36.7% vs 11.4%)
  • Eagle Cement's earnings growth has exceeded the Asia Basic Materials industry average in the past year (36.7% vs 8.1%).
Earnings and Revenue History
Eagle Cement's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eagle Cement Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:EAGLE Past Revenue, Cash Flow and Net Income Data
Date (Data in PHP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 19,630.20 5,848.21 1,606.97
2019-06-30 18,805.40 5,637.06 1,531.07
2019-03-31 17,891.14 5,148.81 1,505.69
2018-12-31 16,522.05 4,624.00 1,394.95
2018-09-30 15,835.24 4,278.20 1,330.42
2018-06-30 15,607.00 4,191.05 1,279.91
2018-03-31 15,105.66 4,124.13 1,306.19
2017-12-31 14,872.48 4,089.09 1,197.31
2017-09-30 14,468.26 4,087.41 1,212.46
2017-06-30 14,074.82 4,100.32 1,116.25
2017-03-31 13,877.16 4,175.12 1,024.00
2016-12-31 13,275.95 3,938.42 998.34
2015-12-31 11,064.53 3,548.91 692.04
2014-12-31 8,760.42 3,114.92 838.93
2013-12-31 7,099.44 1,958.72 725.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eagle Cement has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eagle Cement used its assets more efficiently than the Asia Basic Materials industry average last year based on Return on Assets.
  • Eagle Cement's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eagle Cement's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eagle Cement has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EAGLE Health

 How is Eagle Cement's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eagle Cement's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eagle Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eagle Cement's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eagle Cement's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eagle Cement Company Filings, last reported 6 months ago.

PSE:EAGLE Past Debt and Equity Data
Date (Data in PHP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 36,053.52 7,618.73 17,199.44
2019-06-30 34,673.61 7,883.07 18,673.27
2019-03-31 34,229.03 8,147.34 17,552.89
2018-12-31 32,820.45 8,322.57 16,358.51
2018-09-30 31,518.71 8,497.69 16,797.54
2018-06-30 30,354.75 8,672.75 16,744.55
2018-03-31 30,257.26 8,847.77 17,110.63
2017-12-31 29,375.30 8,844.81 16,954.31
2017-09-30 28,296.48 8,840.65 16,741.93
2017-06-30 27,351.34 8,838.77 17,217.00
2017-03-31 19,212.13 8,091.93 8,906.73
2016-12-31 18,225.87 5,957.08 6,620.89
2015-12-31 14,640.71 5,866.09 4,472.89
2014-12-31 11,001.53 6,301.68 4,271.94
2013-12-31 7,770.16 5,208.00 2,982.25
  • Eagle Cement's level of debt (21.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.1% vs 21.1% today).
  • Debt is well covered by operating cash flow (75.7%, greater than 20% of total debt).
  • Eagle Cement earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Eagle Cement's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eagle Cement has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EAGLE Dividends

 What is Eagle Cement's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.45%
Current annual income from Eagle Cement dividends. Estimated to be 2.5% next year.
If you bought PHP2,000 of Eagle Cement shares you are expected to receive PHP69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eagle Cement's pays a higher dividend yield than the bottom 25% of dividend payers in Philippines (1.9%).
  • Eagle Cement's dividend is below the markets top 25% of dividend payers in Philippines (5.32%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
PSE:EAGLE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Asia Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 202 Stocks 3.5%
Philippines Market Average Dividend Yield Market Cap Weighted Average of 123 Stocks 2.8%
Philippines Minimum Threshold Dividend Yield 10th Percentile 1.1%
Philippines Bottom 25% Dividend Yield 25th Percentile 1.9%
Philippines Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

PSE:EAGLE Future Dividends Estimate Data
Date (Data in PHP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.38 1.00
2020-04-04
2019-12-31 0.30 1.00
PSE:EAGLE Past Annualized Dividends Data
Date (Data in PHP) Dividend per share (annual) Avg. Yield (%)
2019-06-18 0.260 1.975
2018-05-03 0.231 1.473

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Eagle Cement has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Eagle Cement only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Eagle Cement's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (15.9x coverage).
X
Income/ dividend checks
We assess Eagle Cement's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eagle Cement afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eagle Cement has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EAGLE Management

 What is the CEO of Eagle Cement's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Paul Ang
AGE 39
TENURE AS CEO 3.6 years
CEO Bio

Mr. John Paul L. Ang has been the Chief Executive Officer and President at Eagle Cement Corporation since September 8, 2016. Mr. Ang previously served as the Chief Operating Officer and General Manager of Eagle Cement Corporation from 2011 to 2016. He served as the Chief Operating Officer and General Manager of Sarawak Clinker from 2008 to 2016 and its Managing Director from 2003 to 2007. He also served as the Purchasing Officer of Basic Cement from 2002 to 2003. He has been a Director at Eagle Cement Corporation since November 2010. Mr. Ang has a Bachelor of Arts Degree in Interdisciplinary Studies, Minor in Economics and Finance from Ateneo De Manila University.

CEO Compensation
  • Insufficient data for John Paul to compare compensation growth.
  • Insufficient data for John Paul to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Eagle Cement management team in years:

3.6
Average Tenure
49
Average Age
  • The tenure for the Eagle Cement management team is about average.
Management Team

John Paul Ang

TITLE
President
AGE
39
TENURE
3.6 yrs

Monica Ang

TITLE
CFO, Treasurer
AGE
30
TENURE
3.6 yrs

Manny Teng

TITLE
GM, COO & Director
AGE
48
TENURE
3.6 yrs

Fabiola Villa

TITLE
VP for Legal Services & Compliance Officer
AGE
54
TENURE
1.9 yrs

Eduardo Uy

TITLE
Vice-President of Sales & Marketing
AGE
56
TENURE
10.7 yrs

Girely Hernandez

TITLE
Assistant Vice President of Human Resources

Manuel Daway

TITLE
VP of Operations & Director
AGE
71
TENURE
10.3 yrs

Maria Farah Z. Nicolas-Suchianco

TITLE
Corporate Secretary
AGE
50
TENURE
9.5 yrs

Marlon Javarro

TITLE
Assistant Corporate Secretary
AGE
41
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Eagle Cement board of directors in years:

5.1
Average Tenure
65.5
Average Age
  • The tenure for the Eagle Cement board of directors is about average.
Board of Directors

Ramon S. Ang

TITLE
Chairman of the Board
AGE
65
TENURE
12.5 yrs

John Paul Ang

TITLE
President
AGE
39
TENURE
9.4 yrs

Monica Ang

TITLE
CFO, Treasurer
AGE
30
TENURE
6.8 yrs

Manny Teng

TITLE
GM, COO & Director
AGE
48
TENURE
24.8 yrs

Manuel Daway

TITLE
VP of Operations & Director
AGE
71
TENURE
3.2 yrs

Melinda Gonzales-Manto

TITLE
Independent Director
AGE
66
TENURE
3.3 yrs

Ricardo Marquez

TITLE
Independent Director
AGE
58
TENURE
3.2 yrs

Martin Villarama

TITLE
Independent Director
AGE
72
TENURE
3.2 yrs

Jose Perez

TITLE
Independent Director
AGE
72
TENURE
3.2 yrs

Mario Surio

TITLE
Director
AGE
72
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PHP) Value (PHP)
X
Management checks
We assess Eagle Cement's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eagle Cement has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EAGLE News

Simply Wall St News

EAGLE Company Info

Description

Eagle Cement Corporation engages in the manufacture, marketing, distribution, and sale of cement, and cement products and by-products in the Philippines. It offers its products under the Eagle Cement Advance, Eagle Cement Exceed, and Eagle Cement Strongcem brands. The company was incorporated in 1995 and is headquartered in Mandaluyong, the Philippines. Eagle Cement Corporation is a subsidiary of Far East Cement Corporation.

Details
Name: Eagle Cement Corporation
EAGLE
Exchange: PSE
Founded: 1995
PHP37,650,000,037
5,000,000,005
Website: http://www.eaglecement.com.ph
Address: Eagle Cement Corporation
SMITS Corporate Center,
2nd Floor,
Mandaluyong,
Philippines
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
PSE EAGLE Common Shares Philippines Stock Exchange PH PHP 29. May 2017
Number of employees
Current staff
Staff numbers
432
Eagle Cement employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 18:35
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.