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ABS-CBN

PSE:ABS
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABS
PSE
PHP14B
Market Cap
  1. Home
  2. PH
  3. Media
Company description

ABS-CBN Corporation, together with its subsidiaries, engages in the television and radio broadcasting businesses in the Philippines, the United States, the Middle East, Europe, Australia, Canada, Japan, and the Asia Pacific. The last earnings update was 143 days ago. More info.


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  • ABS-CBN has significant price volatility in the past 3 months.
ABS Share Price and Events
7 Day Returns
-0.4%
PSE:ABS
0.8%
PH Media
1.4%
PH Market
1 Year Returns
-19.2%
PSE:ABS
-19.5%
PH Media
-32.5%
PH Market
ABS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ABS-CBN (ABS) -0.4% -27.1% 0.6% -19.2% -65.2% -74.2%
PH Media 0.8% -13.4% -3% -19.5% -46.4% -57.4%
PH Market 1.4% -20.4% -30.1% -32.5% -27.1% -30%
1 Year Return vs Industry and Market
  • ABS matched the Media industry (-19.5%) over the past year.
  • ABS outperformed the Market in Philippines which returned -32.5% over the past year.
Price Volatility
ABS
Industry
5yr Volatility vs Market

Value

 Is ABS-CBN 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 ABS-CBN 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 ABS-CBN.

PSE:ABS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in PHP PHP 0.75
Payout Ratio Company Filings (2019-09-30) 2413.3%
Discount Rate (Cost of Equity) See below 12.7%
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:ABS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PH Govt Bond Rate 4.7%
Equity Risk Premium S&P Global 7.9%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.637 (1 + (1- 30%) (197.92%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.71% + (1.023 * 7.85%)
12.74%

Discounted Cash Flow Calculation for PSE:ABS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for ABS-CBN is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

PSE:ABS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= PHP0.75 / (12.74% - 4.71%)
PHP9.34
PSE:ABS Discount to Share Price
Calculation Result
Value per share (PHP) From above. PHP9.34
Current discount Discount to share price of PHP16.00
= -1 x (PHP16.00 - PHP9.34) / PHP9.34
-71.3%

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

  • The current share price of ABS-CBN is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 ABS-CBN's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ABS-CBN's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
PSE:ABS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PHP PHP3.48
PSE:ABS Share Price ** PSE (2020-04-03) in PHP PHP16
Asia Media Industry PE Ratio Median Figure of 249 Publicly-Listed Media Companies 13.97x
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 ABS-CBN.

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

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

= 16 ÷ 3.48

4.59x

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

  • ABS-CBN is good value based on earnings compared to the Asia Media industry average.
  • ABS-CBN is good value based on earnings compared to the Philippines market.
Price based on expected Growth
Does ABS-CBN's expected growth come at a high price?
Raw Data
PSE:ABS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-15.8%per year
Asia Media Industry PEG Ratio Median Figure of 81 Publicly-Listed Media Companies 0.98x
Philippines Market PEG Ratio Median Figure of 63 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.59x ÷ -15.8%

-0.29x

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

  • ABS-CBN earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ABS-CBN's assets?
Raw Data
PSE:ABS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PHP PHP42.92
PSE:ABS Share Price * PSE (2020-04-03) in PHP PHP16
Asia Media Industry PB Ratio Median Figure of 354 Publicly-Listed Media Companies 1.05x
Philippines Market PB Ratio Median Figure of 241 Publicly-Listed Companies 0.88x
PSE:ABS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16 ÷ 42.92

0.37x

* Primary Listing of ABS-CBN.

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

  • ABS-CBN is good value based on assets compared to the Asia Media industry average.
X
Value checks
We assess ABS-CBN'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. ABS-CBN has a total score of 3/6, 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.

Future Performance

 How is ABS-CBN expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ABS-CBN expected to grow at an attractive rate?
  • ABS-CBN's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 4.7%.
Growth vs Market Checks
  • ABS-CBN's earnings are expected to decrease over the next 1-3 years, this is below the Philippines market average.
  • ABS-CBN's revenues are expected to decrease over the next 1-3 years, this is below the Philippines market average.
Annual Growth Rates Comparison
Raw Data
PSE:ABS Future Growth Rates Data Sources
Data Point Source Value (per year)
PSE:ABS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -15.8%
PSE:ABS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.4%
Asia Media Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
Asia Media Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
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:ABS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in PHP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
PSE:ABS Future Estimates Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 40,731 4,127 1,964 1
2020-12-31 41,204 2,016 2,390 1
2020-04-04
2019-12-31 42,903 7,387 2,778 1
PSE:ABS Past Financials Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income *
2019-09-30 42,668 8,349 2,845
2019-06-30 41,997 7,886 2,809
2019-03-31 41,478 6,229 2,510
2018-12-31 40,131 6,726 2,106
2018-09-30 40,676 7,078 2,545
2018-06-30 40,291 6,797 2,725
2018-03-31 40,132 7,729 3,360
2017-12-31 40,698 6,629 3,330
2017-09-30 39,976 4,824 3,195
2017-06-30 39,984 5,938 3,063
2017-03-31 41,412 7,509 3,464
2016-12-31 41,631 8,551 3,881

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ABS-CBN's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ABS-CBN's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:ABS 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 1 Analyst Estimates (S&P Global) See Below

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

PSE:ABS Future Estimates Data
Date (Data in PHP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.30 2.30 2.30 1.00
2020-12-31 2.80 2.80 2.80 1.00
2020-04-04
2019-12-31 3.30 3.30 3.30 1.00
PSE:ABS Past Financials Data
Date (Data in PHP Millions) EPS *
2019-09-30 3.48
2019-06-30 3.43
2019-03-31 3.05
2018-12-31 2.56
2018-09-30 3.07
2018-06-30 3.30
2018-03-31 4.08
2017-12-31 4.05
2017-09-30 3.88
2017-06-30 3.72
2017-03-31 4.21
2016-12-31 4.72

*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.
  • ABS-CBN is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ABS-CBN'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.
ABS-CBN has a total score of 0/6, 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.

Past Performance

  How has ABS-CBN 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 ABS-CBN's growth in the last year to its industry (Media).
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.
  • ABS-CBN's year on year earnings growth rate has been positive over the past 5 years.
  • ABS-CBN's 1-year earnings growth exceeds its 5-year average (11.8% vs 0.6%)
  • ABS-CBN's earnings growth has exceeded the Asia Media industry average in the past year (11.8% vs 2.1%).
Earnings and Revenue History
ABS-CBN'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 ABS-CBN Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:ABS 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 42,668.31 2,844.64 10,618.26 448.44
2019-06-30 41,996.66 2,808.52 10,497.23 474.28
2019-03-31 41,478.46 2,510.08 10,631.71 470.78
2018-12-31 40,130.59 2,106.25 10,285.74 477.61
2018-09-30 40,675.69 2,545.15 10,799.82 349.15
2018-06-30 40,290.89 2,725.11 10,511.88 289.96
2018-03-31 40,132.46 3,360.47 9,844.89 296.65
2017-12-31 40,698.24 3,329.89 10,268.68 264.75
2017-09-30 39,976.08 3,195.34 10,185.56 338.23
2017-06-30 39,984.04 3,063.22 10,483.52 340.83
2017-03-31 41,411.50 3,464.05 11,544.27 255.20
2016-12-31 41,630.60 3,881.28 11,008.38 352.55
2016-09-30 41,683.16 3,729.88 11,113.87 280.63
2016-06-30 41,596.90 3,782.29 11,268.96 277.68
2016-03-31 39,747.42 3,099.24 10,599.16 342.97
2015-12-31 38,278.12 2,927.78 10,627.88 243.18
2015-09-30 36,247.66 2,842.23 9,660.51 220.20
2015-06-30 34,836.72 2,638.31 9,131.51 256.67
2015-03-31 33,678.90 2,423.10 8,736.32 253.03
2014-12-31 33,543.63 2,383.42 9,115.52 256.55
2014-09-30 33,051.84 2,087.35 8,222.70 334.30
2014-06-30 32,578.43 1,960.50 8,064.06 306.33
2014-03-31 33,643.22 2,259.37 8,229.10 307.22
2013-12-31 33,377.90 2,142.39 8,191.93 302.89
2013-09-30 32,576.01 1,913.33 8,603.05 277.82
2013-06-30 32,323.10 1,995.17 8,261.62 252.32

*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.
  • ABS-CBN has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ABS-CBN used its assets less efficiently than the Asia Media industry average last year based on Return on Assets.
  • ABS-CBN's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ABS-CBN'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 Media 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.
ABS-CBN has a total score of 3/6, 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.

Health

 How is ABS-CBN'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 ABS-CBN's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ABS-CBN is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ABS-CBN's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ABS-CBN'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 1.4x 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 ABS-CBN Company Filings, last reported 6 months ago.

PSE:ABS Past Debt and Equity Data
Date (Data in PHP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 37,226.41 27,273.04 20,728.52
2019-06-30 36,618.58 33,276.83 26,130.72
2019-03-31 36,186.32 28,330.62 19,894.48
2018-12-31 35,724.45 28,418.30 19,908.73
2018-09-30 34,700.28 28,434.06 20,485.90
2018-06-30 34,212.03 28,447.74 21,054.71
2018-03-31 33,501.88 28,449.81 21,243.84
2017-12-31 33,710.94 20,568.32 13,704.99
2017-09-30 33,011.77 20,594.01 12,629.21
2017-06-30 31,964.13 20,584.77 12,453.95
2017-03-31 30,952.42 20,588.54 12,508.26
2016-12-31 31,691.70 20,655.42 14,030.32
2016-09-30 30,853.73 20,647.03 14,360.36
2016-06-30 29,945.32 20,704.84 14,660.32
2016-03-31 28,970.79 20,710.70 13,498.13
2015-12-31 28,715.33 20,696.99 13,155.11
2015-09-30 27,885.24 20,626.50 14,305.92
2015-06-30 26,894.14 20,455.06 12,252.41
2015-03-31 26,511.60 20,445.91 12,674.54
2014-12-31 26,874.83 20,452.05 13,238.38
2014-09-30 26,901.03 20,566.42 15,494.35
2014-06-30 26,239.18 20,557.11 15,270.12
2014-03-31 25,981.79 20,548.29 16,289.49
2013-12-31 25,922.76 14,831.99 10,616.86
2013-09-30 26,508.24 15,989.10 11,358.63
2013-06-30 25,872.43 15,977.88 10,537.68
  • ABS-CBN's level of debt (73.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (76.4% vs 73.3% today).
  • Debt is well covered by operating cash flow (30.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess ABS-CBN'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. ABS-CBN has a total score of 5/6, 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.

Dividends

 What is ABS-CBN'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
3.44%
Current annual income from ABS-CBN dividends. Estimated to be 4.69% next year.
If you bought PHP2,000 of ABS-CBN 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?
  • ABS-CBN's pays a higher dividend yield than the bottom 25% of dividend payers in Philippines (1.9%).
  • ABS-CBN'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:ABS 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 1 Analyst Estimates (S&P Global) See Below
Asia Media Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 2.9%
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:ABS Future Dividends Estimate Data
Date (Data in PHP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.70 1.00
2020-12-31 0.80 1.00
2020-04-04
2019-12-31 0.60 1.00
PSE:ABS Past Annualized Dividends Data
Date (Data in PHP) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.550 2.994
2018-02-23 0.920 3.888
2017-02-23 1.040 2.595
2016-03-18 0.750 1.523
2015-03-06 0.600 0.988
2014-05-16 0.600 1.407
2014-05-12 0.600 1.537
2014-04-16 0.600 1.600
2013-11-15 0.400 1.295
2013-09-23 0.400 1.213
2013-08-14 0.400 1.187
2013-04-23 0.400 0.982
2012-03-30 0.800 2.304
2011-03-08 2.100 5.927
2010-04-15 1.110 2.565
2009-04-28 0.900 3.467

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ABS-CBN's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess ABS-CBN'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 ABS-CBN afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ABS-CBN 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.

Management

 What is the CEO of ABS-CBN'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
Carlo Joaquin Tadeo Katigbak
AGE 49
TENURE AS CEO 4.3 years
CEO Bio

Mr. Carlo Joaquin Tadeo Lopez Katigbak has been the Chief Executive Officer and President of ABS-CBN Corporation since January 1, 2016. Mr. Katigbak served as Chief Operating Officer of ABS-CBN Corporation (alternative name is ABS-CBN Broadcasting Corp.) from March 1, 2015 to January 1, 2016. Mr. Katigbak served as the Head of Access, President of Skycable and Chief Executive Officer of Skycable of ABS-CBN Corporation (Alternative name is ABS-CBN Broadcasting Corp.) until March 1, 2015 and served as its Managing Director SkyCable. He served as Managing Director at ABS-CBN Interactive Inc. a subsidiary of Abs-cbn Broadcasting Corp. He served as a Vice President of Administration and Operations (concurrent) of Creative Programs, Inc., a Subsidiary of ABS-CBN Broadcasting Corp. He began his career as a Financial Analyst with First Pacific Capital Corp. in 1992. He joined SkyCable in 1994 as Corporate Finance Manager and has held various positions in Corporate Planning, Provincial Operations and Finance. In 1998, he served as the First Managing Director of Pilipino Cable Corporation which was a result of the merger between Sky Cable's provincial systems and Sun Cable. He was then assigned to ABS-CBN Interactive as Managing Director in 1999. He has been a Director of ABS-CBN Corporation since May 5, 2016. He has been an Independent Director at SSI Group, Inc. since 2014. He serves as a Director of Bayan Telecommunications, Inc. Mr. Katigbak has a Bachelor of Science in Management Engineering from the Ateneo de Manila University in 1991.

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

Mark Lopez

TITLE
Chairman & CTO
AGE
46

Carlo Joaquin Tadeo Katigbak

TITLE
President
AGE
49
TENURE
4.3 yrs

Ricardo Tan

TITLE
Corporate Information Officer
AGE
54

Kane Errol Choa

TITLE
Head of Integrated Corporate Communications
AGE
46

Maria Socorro Vidanes

TITLE
Chief Operating Officer of Broadcast
AGE
57
TENURE
11.3 yrs

Olivia Lamasan

TITLE
Managing Director of ABS-CBN Film Productions
AGE
55

Peter Musñgi

TITLE
Managing Director of Manila Radio & Sports
AGE
66

Philbert Lamberto Berba

TITLE
Head of Corporate Services Group
AGE
58

Vivian Tin

TITLE
Head of Customer Business Development Research & Analytics
AGE
57

Robert Labayen

TITLE
Head of Integrated Creative Communication Management
AGE
58
Board of Directors Tenure

Average tenure and age of the ABS-CBN board of directors in years:

5.6
Average Tenure
64.5
Average Age
  • The tenure for the ABS-CBN board of directors is about average.
Board of Directors

Mark Lopez

TITLE
Chairman & CTO
AGE
46
TENURE
2 yrs

Carlo Joaquin Tadeo Katigbak

TITLE
President
AGE
49
TENURE
3.9 yrs

Augusto Almeda-Lopez

TITLE
Vice Chairman
AGE
91
TENURE
31.3 yrs

Gabby Lopez

TITLE
Chairman Emiritus
AGE
67
TENURE
2 yrs

Charo Santos-Concio

TITLE
Chief Content Officer
AGE
65
TENURE
4.3 yrs

Emmanuel De Dios

TITLE
Independent Director
AGE
64
TENURE
7 yrs

Antonio Jose Periquet

TITLE
Lead Independent Director
AGE
58
TENURE
2.6 yrs

Federico Garcia

TITLE
Director
AGE
75
TENURE
27.6 yrs

Manuel Lopez

TITLE
Director
AGE
77
TENURE
9.8 yrs

Federico Lopez

TITLE
Director
AGE
58
TENURE
20.7 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)
30. Jul 19 Buy Richmond Ezer Escolar Individual 29. Jul 19 29. Jul 19 10,000 PHP18.70 PHP187,000
X
Management checks
We assess ABS-CBN'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. ABS-CBN 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.

News

Simply Wall St News

Company Info

Description

ABS-CBN Corporation, together with its subsidiaries, engages in the television and radio broadcasting businesses in the Philippines, the United States, the Middle East, Europe, Australia, Canada, Japan, and the Asia Pacific. The company operates through four segments: Media, Network and Studio Entertainment; Cable, Satellite and Broadband; Digital and Interactive Media; and Consumer Products and Live Experience. It creates and distributes content, including teleseryes, drama anthologies, situation comedies, reality and game shows, and news and public affair programs through free TV and radio with Channel 2 and DZMM platforms; and distributes content through direct to home, cable, Internet protocol television, mobile, and online through The Filipino Channel. The company also engages in the film distribution, money remittance, retail, and conducting sponsorships and events; movie and music production and distribution; audio recording and distribution; and post-production activities; and offers over the top platforms, such as iWant.ph, TFC.TV, and Sky on Demand that provides sports, lifestyle, music, animation, movies, and kids content; and operates studio city. In addition, it offers cable television services, broadband, Internet phone, and others services; wireless telecommunication and digital terrestrial television services; and online and TV home shopping services, as well as operates KidZania Manila, a theme park. Further, the company provides satellite programming, magazine publishing, theater operation, educational/training, and restaurant and food services. Additionally, it engages in non-vessel common carrier, marketing, and sales and advertising operations; digital film archiving and central library, and content licensing and transmission businesses; call center operations; and real estate activities. The company was founded in 1946 and is headquartered in Quezon City, the Philippines. ABS-CBN Corporation is a subsidiary of Lopez, Inc.

Details
Name: ABS-CBN Corporation
ABS
Exchange: PSE
Founded: 1946
PHP13,791,551,488
861,971,968
Website: http://www.abs-cbn.com
Address: ABS-CBN Corporation
ABS-CBN Broadcasting Center,
Sgt. Esguerra Avenue Corner Mother Ignacia Street,
Quezon City,
1103,
Philippines
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
PSE ABS Common Shares Philippines Stock Exchange PH PHP 23. Nov 1993
Number of employees
Current staff
Staff numbers
6,730
ABS-CBN employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:52
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/11/28
Last earnings filing: 2019/11/13
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.