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ABS-CBN Holdings

PSE:ABSP
Snowflake Description

Mediocre balance sheet not a dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABSP
PSE
PHP4B
Market Cap
  1. Home
  2. PH
  3. Media
Company description

ABS-CBN Holdings Corporation provides Philippine depository receipts (PDRs) relating to ABS-CBN Corporation in the Philippines. The last earnings update was 136 days ago. More info.


Add to Portfolio Compare Print
  • ABS-CBN Holdings has significant price volatility in the past 3 months.
ABSP Share Price and Events
7 Day Returns
0%
PSE:ABSP
4.3%
PH Media
9.1%
PH Market
1 Year Returns
-27.1%
PSE:ABSP
-19.2%
PH Media
-33.6%
PH Market
ABSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ABS-CBN Holdings (ABSP) 0% -26.3% -9.1% -27.1% -70.2% -77.6%
PH Media 4.3% -17.9% -1.9% -19.2% -44.1% -56.3%
PH Market 9.1% -22.5% -30.8% -33.6% -25.9% -30%
1 Year Return vs Industry and Market
  • ABSP underperformed the Media industry which returned -19.2% over the past year.
  • ABSP outperformed the Market in Philippines which returned -33.6% over the past year.
Price Volatility
ABSP
Industry
5yr Volatility vs Market

ABSP Value

 Is ABS-CBN Holdings 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 Holdings 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 Holdings.

PSE:ABSP 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 .548600
Payout Ratio Company Filings (2019-09-30) 0%
Discount Rate (Cost of Equity) See below 12.8%
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:ABSP
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))
= 0.642 (1 + (1- 30%) (0%))
1.028
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.71% + (1.028 * 7.85%)
12.78%

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

The calculations below outline how an intrinsic value for ABS-CBN Holdings 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:ABSP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= PHP0.55 / (12.78% - 4.71%)
PHP6.8
PSE:ABSP Discount to Share Price
Calculation Result
Value per share (PHP) From above. PHP6.80
Current discount Discount to share price of PHP14.00
= -1 x (PHP14.00 - PHP6.80) / PHP6.80
-105.9%

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

  • The current share price of ABS-CBN Holdings 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 Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ABS-CBN Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
PSE:ABSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PHP Not available
PSE:ABSP Share Price ** PSE (2020-03-27) in PHP PHP14
Asia Media Industry PE Ratio Median Figure of 249 Publicly-Listed Media Companies 14.13x
Philippines Market PE Ratio Median Figure of 173 Publicly-Listed Companies 10.11x

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

** Primary Listing of ABS-CBN Holdings.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for ABS-CBN Holdings, we can't compare the value of its earnings to the Philippines market.
Price based on expected Growth
Does ABS-CBN Holdings's expected growth come at a high price?
Raw Data
PSE:ABSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Media Industry PEG Ratio Median Figure of 79 Publicly-Listed Media Companies 0.99x
Philippines Market PEG Ratio Median Figure of 63 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for ABS-CBN Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ABS-CBN Holdings's assets?
Raw Data
PSE:ABSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PHP Not available
PSE:ABSP Share Price * PSE (2020-03-27) in PHP PHP14
Asia Media Industry PB Ratio Median Figure of 351 Publicly-Listed Media Companies 1.12x
Philippines Market PB Ratio Median Figure of 241 Publicly-Listed Companies 0.95x

* Primary Listing of ABS-CBN Holdings.

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

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess ABS-CBN Holdings'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 Holdings has a total score of 0/6, 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.

ABSP Future Performance

 How is ABS-CBN Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ABS-CBN Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17.6%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ABS-CBN Holdings expected to grow at an attractive rate?
  • Unable to compare ABS-CBN Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ABS-CBN Holdings's earnings growth to the Philippines market average as no estimate data is available.
  • Unable to compare ABS-CBN Holdings's revenue growth to the Philippines market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
PSE:ABSP Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Media Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
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 8.2%

*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:ABSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PHP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
PSE:ABSP Past Financials Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income *
2019-09-30 2 -1 0
2019-06-30 1 -1 0
2019-03-31 1 -10 0
2018-12-31 1 14 0
2018-09-30 0 17 0
2018-06-30 0 17 0
2018-03-31 0 -33 0
2017-12-31 0 -7 0
2017-09-30 0 -11 0
2017-06-30 0 -11 0
2017-03-31 1 77 0
2016-12-31 1 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ABS-CBN Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if ABS-CBN Holdings is high growth as no revenue estimate data is available.
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:ABSP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ABS-CBN Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:ABSP Past Financials Data
Date (Data in PHP Millions) EPS *
2019-09-30
2019-06-30
2019-03-31
2018-12-31
2018-09-30
2018-06-30
2018-03-31
2017-12-31
2017-09-30
2017-06-30
2017-03-31
2016-12-31

*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.
  • Unable to establish if ABS-CBN Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. ABS-CBN Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ABS-CBN Holdings'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 Holdings 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.

ABSP Past Performance

  How has ABS-CBN Holdings 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 Holdings'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.
  • Insufficient data to establish if ABS-CBN Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ABS-CBN Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ABS-CBN Holdings's 1-year growth to the Asia Media industry average as it is not currently profitable.
Earnings and Revenue History
ABS-CBN Holdings'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 Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:ABSP 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 1.72 0.00 2.35
2019-06-30 1.29 0.00 2.43
2019-03-31 1.10 0.00 2.43
2018-12-31 0.50 0.00 2.66
2018-09-30 0.42 0.00 2.77
2018-06-30 0.34 0.00 2.97
2018-03-31 0.18 0.00 3.02
2017-12-31 0.15 0.00 3.17
2017-09-30 0.14 0.00 3.13
2017-06-30 0.19 0.00 3.26
2017-03-31 0.55 0.00 3.42
2016-12-31 0.60 0.00 3.50
2016-09-30 0.56 0.00 4.77
2016-06-30 0.53 0.00 4.87
2016-03-31 0.19 0.00 4.54
2015-12-31 0.13 0.00 4.92
2015-09-30 0.13 0.00 3.82
2015-06-30 0.11 0.00 3.66
2015-03-31 0.12 0.00 3.80
2014-12-31 0.24 0.00 3.04
2014-09-30 0.23 0.00 2.66
2014-06-30 0.22 0.00 2.59
2014-03-31 -0.18 0.00 2.59
2013-12-31 0.20 0.00 2.64
2013-09-30 0.90 0.00 2.71
2013-06-30 1.00 0.00 2.58
2013-03-31 1.43 0.00 2.55

*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.
  • It is difficult to establish if ABS-CBN Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if ABS-CBN Holdings has efficiently used its assets last year compared to the Asia Media industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ABS-CBN Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess ABS-CBN Holdings'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 Holdings has a total score of 0/6, 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.

ABSP Health

 How is ABS-CBN Holdings'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 Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ABS-CBN Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ABS-CBN Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ABS-CBN Holdings'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.
  • Low level of unsold assets.
  • ABS-CBN Holdings has no debt, it does not need to be covered by short term assets.
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 Holdings Company Filings, last reported 5 months ago.

PSE:ABSP Past Debt and Equity Data
Date (Data in PHP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 0.00 0.00 19.18
2019-06-30 0.00 0.00 19.04
2019-03-31 0.00 0.00 43.26
2018-12-31 0.00 0.00 18.86
2018-09-30 0.00 0.00 19.85
2018-06-30 0.00 0.00 20.22
2018-03-31 0.00 0.00 52.83
2017-12-31 0.00 0.00 5.33
2017-09-30 0.00 0.00 2.82
2017-06-30 0.00 0.00 3.47
2017-03-31 0.00 0.00 85.33
2016-12-31 0.00 0.00 12.25
2016-09-30 0.00 0.00 13.42
2016-06-30 0.00 0.00 14.57
2016-03-31 0.00 0.00 8.65
2015-12-31 0.00 0.00 11.93
2015-09-30 0.00 0.00 14.06
2015-06-30 0.00 0.00 14.46
2015-03-31 0.00 0.00 14.16
2014-12-31 0.00 0.00 17.15
2014-09-30 0.00 0.00 18.09
2014-06-30 0.00 0.00 18.69
2014-03-31 0.00 0.00 16.08
2013-12-31 0.00 0.00 17.56
2013-09-30 0.00 0.00 18.37
2013-06-30 0.00 0.00 35.73
2013-03-31 0.00 0.00 15.08
  • ABS-CBN Holdings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if ABS-CBN Holdings's debt level has increased considering it has negative shareholder equity.
  • ABS-CBN Holdings has no debt, it does not need to be covered by operating cash flow.
  • ABS-CBN Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ABS-CBN Holdings'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 Holdings has a total score of 3/6, 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.

ABSP Dividends

 What is ABS-CBN Holdings'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
3.92%
Current annual income from ABS-CBN Holdings dividends.
If you bought PHP2,000 of ABS-CBN Holdings shares you are expected to receive PHP78 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 Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Philippines (1.71%).
  • ABS-CBN Holdings's dividend is below the markets top 25% of dividend payers in Philippines (5.29%).
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:ABSP 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 0 Analyst Estimates (S&P Global) See Below
Asia Media Industry Average Dividend Yield Market Cap Weighted Average of 187 Stocks 2.8%
Philippines Market Average Dividend Yield Market Cap Weighted Average of 123 Stocks 2.9%
Philippines Minimum Threshold Dividend Yield 10th Percentile 1.1%
Philippines Bottom 25% Dividend Yield 25th Percentile 1.7%
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:ABSP Past Annualized Dividends Data
Date (Data in PHP) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.549 3.208
2019-02-28 0.550 2.768
2018-08-08 0.885 4.336
2018-04-18 0.885 3.652
2017-05-17 1.028 2.827
2017-04-18 1.028 2.291
2016-04-15 0.729 1.515
2015-08-13 0.596 0.997
2015-04-16 0.596 0.959
2014-03-28 0.600 1.384
2013-11-14 0.399 1.310
2013-08-14 0.399 1.175
2013-04-15 0.399 0.933
2012-08-15 0.788 2.293
2012-05-15 0.788 2.410
2012-05-04 0.788 2.162
2011-11-21 2.070 6.063
2011-08-16 2.071 5.826
2011-05-16 2.071 5.107
2011-05-05 2.070 4.938
2010-11-15 1.097 2.256
2010-08-13 1.097 1.996
2010-04-15 1.097 2.892
2009-08-14 0.889 3.035
2009-04-15 0.889 4.191

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 Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ABS-CBN Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ABS-CBN Holdings'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 Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ABS-CBN Holdings has a total score of 1/6, see the detailed checks below.


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

ABSP Management

 What is the CEO of ABS-CBN Holdings'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
Oscar Lopez
AGE 89
CEO Bio

Mr. Oscar M. Lopez serves as an Executive Director of FG Bukidnon Power Corp. Mr. Lopez has been an Executive Director of Lopez Holdings Corporation (Benpres Holdings Corp.) since June 8, 1993. He serves as the President of Lopez, Inc., Inaec Aviation Corporation and ABS-CBN Holdings Corp. He has been an Executive Director of ABS-CBN Holdings Corp. since 1966. He joined ABS-CBN Broadcasting Corp. in 1970. He serves as the Chief Executive Officer, President and Chief Operating Officer of Abs-cbn Holdings Corp. He serves as Group Chief Strategic Officer of First Philippine Holdings Corporation. He served as the Chief Executive Officer of First Philippine Holdings Corporation from 1986 to June 2010. He served as the Chief Executive Officer of Lopez Holdings Corporation (Benpres Holdings Corp) from 1999 to June 10, 2010. He served as the President of Benpres Corporation from 1973 to 1986 and Lopez Holdings Corporation (Benpres Holdings Corp.) from 1999 to 2004. Mr. Lopez served as the Chairman of the Board and Chief Executive Officer of Metro Pacific Tollways Corp. until November 2008. He served as Compliance Officer for Corporate Governance of ABS-CBN Corporation. He serves as Chairman Emeritus of Energy Development Corporation. He is the Chairman and Chief Executive Officer of Asian Eye Institute, Inc. He has been the Chairman of the Board at ABS-CBN Holdings Corp. since 1999. He serves as the Chairman Emeritus of FPH and EDC. He has been Chairman Emeritus of First Philippine Holdings Corporation since June 12, 2010. He has been the Chairman Emeritus at Lopez Holdings Corporation since June 10, 2010. He serves as the Chairman Emeritus at First Gas Power Corporation and Sky Cable Corporation. He has been the Chairman Emeritus of First Gen Corporation since January 2010 and Rockwell Land Corporation since 2012. He served as the Chairman at Energy Development Corporation since December 29, 2007 and Lopez Holdings Corporation (Benpres Holdings Corp.) from June 8, 1993 to June 2010. He served as the Chairman of Lopez, Inc., First Generation Holdings Corp., RCPI, Inaec Aviation Corporation, Philippine Electric Corporation, First Philippine Industrial Corporation, First Balfour, Inc., First Private Power Corporation, Bauang Private Power Corporation, FGP Corporation, First Gas Pipeline Corporation, First Gas Holdings Corporation, First Gas Power Corporation, Securities Transfer Services, Inc., First Sumiden Circuits, Inc., First Sumiden Realty Inc., First Gen Renewable, Inc., First Electro Dynamics Corporation, First Philippine Lending Corporation, First Philippine Infrastructure Development Corp., Manila North Tollways Corporation, Tollways Management Corporation, Bayan Telecommunications Inc., Bayan Telecommunications Holdings Corporation, Central CATV Inc., Sky Vision Corporation, Griffin Sierra Tours, Inc., Seacraft Management Services, Inc., Knowledge Channel Foundation, Inc. Mr. Lopez served as the Chairman of First Gen Corporation from December 1998 to January 2010. He served as the Chairman of First Philippine Holdings Corporation from 1986 to June 2010. He served as a Vice Chairman at Rockwell Land Corporation from 1995 to 2010. He serves as a Director of First Gen Hydro Power Corporation and First Gen Hydro Power Corporation. He serves as a Director of First Philippine Industrial Park, Inc. He has been Director of First Gen Corporation since 1998; First Philippine Holdings Corporation since May 27, 1986 and ABS-CBN Corporation (also known as ABS-CBN Broadcasting Corp.) since July 1966. He served as Director of NLEX Corporation and Manila North Tollways Corporation. He served as a Director of Energy Development Corporation from December 29, 2007 to October 3, 2017. He served as a Director of Bayan Telecommunications, Inc., (formerly, BayanteI), First Philippine Balfour Beatty and Bayan Telecommunications Holdings Corporation. He served as Director of Metro Pacific Tollways Corp. from 2007 to November 2008. Mr. Lopez is a staunch environmental advocate who strongly supported projects that promoted biodiversity and conservation. He also spearheaded two advocacies internal to the group - business excellence and corporate governance. As custodian of Lopez values, he introduced the Lopez Credo - a statement of purpose that puts all the Lopez Group businesses in the service of the Filipino. Mr. Lopez was chosen Management Man of the Year 2000 by Management Association of the Philippines and inclusion in the Roll of Honor of CNBC's Asia Business Leader Awards in 2004. He was also bestowed with the Officer's Cross of the Order of Merit of the Federal Republic of Germany (Verdienstkreuz I, Klausse) in 2005. He was recipient of the Outstanding Manilan in the field of Corporate Leadership and Social Responsibility in 2007, JCI's Ten Outstanding Filipinos TOFIL award in 2009, International Association of Business Communicators (IABC) Philippines Lifetime Achievement Award in the 2010 Communication Excellence in Organizations (CEO EXCEL), and 2011 Ramon V. Del Rosario Award for Nation Building. He has a Master’s degree in Public Administration from the Littauer School of Public Administration, Harvard University in 1955. He obtained his Bachelor of Arts degree (cum laude) from Harvard University in 1951. Mr. Lopez was conferred the degrees of Doctor of Humanities honoris causa by the De La Salle University and Ateneo de Manila University in 2010 and Doctor of Laws honoris causa by the Philippine Women’s University in 2009 and the University of the Philippines in 2012.

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

Average tenure and age of the ABS-CBN Holdings management team in years:

12.2
Average Tenure
58
Average Age
  • The average tenure for the ABS-CBN Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Oscar Lopez

TITLE
Chairman
AGE
89

Salvador Tirona

TITLE
Comptroller
AGE
64

Mike Villanueva

TITLE
Chief Information Officer and Head of Corporate Treasury
AGE
51

Ricardo Tan

TITLE
Investor Relations Officer
AGE
54
TENURE
2.2 yrs

Enrique Quiason

TITLE
Corporate Secretary & Compliance Officer
AGE
58
TENURE
3.3 yrs

Gabby Lopez

TITLE
Treasurer & Executive Director
AGE
67
TENURE
21.2 yrs

Maria Amina Amado

TITLE
Assistant Corporate Secretary
AGE
55
TENURE
26.2 yrs
Board of Directors Tenure

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

9.7
Average Tenure
77
Average Age
  • The tenure for the ABS-CBN Holdings board of directors is about average.
Board of Directors

Oscar Lopez

TITLE
Chairman
AGE
89
TENURE
21.2 yrs

Gabby Lopez

TITLE
Treasurer & Executive Director
AGE
67
TENURE
21.2 yrs

Jose Vitug

TITLE
Independent Director
AGE
84
TENURE
9 yrs

Antonio Jose Periquet

TITLE
Independent Director
AGE
58
TENURE
7.3 yrs

Manuel Lopez

TITLE
Director
AGE
77
TENURE
9.7 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)
28. Oct 19 Sell Eastspring Investments (Singapore) Limited Company 22. Oct 19 22. Oct 19 -750,000 PHP17.84 PHP-13,380,751
23. Oct 19 Sell Eastspring Investments (Singapore) Limited Company 16. Oct 19 16. Oct 19 -500,000 PHP18.12 PHP-9,061,855
01. Oct 19 Sell Eastspring Investments (Singapore) Limited Company 24. Sep 19 25. Sep 19 -180,000 PHP18.25 PHP-3,259,815
19. Sep 19 Sell Eastspring Investments (Singapore) Limited Company 12. Sep 19 12. Sep 19 -500,000 PHP18.58 PHP-9,289,802
16. Sep 19 Sell Eastspring Investments (Singapore) Limited Company 09. Sep 19 09. Sep 19 -103,700 PHP18.59 PHP-1,928,020
12. Sep 19 Sell Eastspring Investments (Singapore) Limited Company 04. Sep 19 04. Sep 19 -220,700 PHP18.56 PHP-4,097,158
06. Sep 19 Sell Eastspring Investments (Singapore) Limited Company 30. Aug 19 03. Sep 19 -1,000,000 PHP18.82 PHP-18,735,507
30. Aug 19 Sell Eastspring Investments (Singapore) Limited Company 22. Aug 19 23. Aug 19 -1,606,300 PHP18.01 PHP-28,680,966
22. Aug 19 Sell Eastspring Investments (Singapore) Limited Company 15. Aug 19 15. Aug 19 -500,000 PHP17.03 PHP-8,516,241
16. Aug 19 Sell Eastspring Investments (Singapore) Limited Company 08. Aug 19 13. Aug 19 -173,600 PHP17.49 PHP-3,034,126
09. Aug 19 Sell Eastspring Investments (Singapore) Limited Company 05. Aug 19 07. Aug 19 -115,600 PHP17.64 PHP-2,030,996
07. Aug 19 Sell Eastspring Investments (Singapore) Limited Company 31. Jul 19 02. Aug 19 -534,600 PHP17.82 PHP-9,375,068
02. Aug 19 Sell Eastspring Investments (Singapore) Limited Company 26. Jul 19 30. Jul 19 -88,800 PHP17.65 PHP-1,563,969
30. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 23. Jul 19 25. Jul 19 -1,009,300 PHP18.90 PHP-18,365,877
25. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 18. Jul 19 22. Jul 19 -633,200 PHP17.00 PHP-10,717,348
22. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 15. Jul 19 17. Jul 19 -138,700 PHP16.85 PHP-2,332,188
17. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 10. Jul 19 10. Jul 19 -57,900 PHP16.84 PHP-975,046
15. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 08. Jul 19 09. Jul 19 -87,200 PHP17.01 PHP-1,482,815
10. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 03. Jul 19 05. Jul 19 -33,600 PHP17.11 PHP-568,468
11. Jul 19 Sell Hosking Partners LLP Company 28. Jun 19 28. Jun 19 -43,000 PHP16.86 PHP-724,919
05. Jul 19 Sell Eastspring Investments (Singapore) Limited Company 28. Jun 19 02. Jul 19 -74,600 PHP16.98 PHP-1,255,873
27. Jun 19 Sell Eastspring Investments (Singapore) Limited Company 21. Jun 19 24. Jun 19 -135,900 PHP17.00 PHP-2,307,076
25. Jun 19 Sell Eastspring Investments (Singapore) Limited Company 19. Jun 19 20. Jun 19 -62,500 PHP17.05 PHP-1,064,170
21. Jun 19 Sell Eastspring Investments (Singapore) Limited Company 17. Jun 19 18. Jun 19 -120,000 PHP17.01 PHP-2,034,676
19. Jun 19 Sell Eastspring Investments (Singapore) Limited Company 13. Jun 19 14. Jun 19 -376,300 PHP17.04 PHP-6,412,209
24. May 19 Sell Eastspring Investments (Singapore) Limited Company 17. May 19 20. May 19 -1,000,000 PHP18.33 PHP-18,172,707
10. May 19 Sell Hosking Partners LLP Company 01. Apr 19 30. Apr 19 -582,500 PHP19.44 PHP-11,269,038
10. May 19 Buy Hosking Partners LLP Company 10. Apr 19 30. Apr 19 539,200 PHP19.44 PHP10,463,310
08. Apr 19 Sell Eastspring Investments (Singapore) Limited Company 01. Apr 19 02. Apr 19 -155,900 PHP19.15 PHP-2,979,001
X
Management checks
We assess ABS-CBN Holdings'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 Holdings 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.

ABSP News

Simply Wall St News

ABSP Company Info

Description

ABS-CBN Holdings Corporation provides Philippine depository receipts (PDRs) relating to ABS-CBN Corporation in the Philippines. The company also engages in the performance of obligations under the PDRs; and acquisition and holding of shares of ABS-CBN in respect of PDRs issued. The company was formerly known as Worldtech Holdings Corporation and changed its name to ABS-CBN Holdings Corporation in September 1999. ABS-CBN Holdings Corporation was incorporated in 1999 and is based in Mandaluyong, the Philippines.

Details
Name: ABS-CBN Holdings Corporation
ABSP
Exchange: PSE
Founded: 1999
PHP4,254,198,200
303,871,300
Website: http://www.abs-cbnpdr.com
Address: ABS-CBN Holdings Corporation
North Tower,
16th Floor,
Mandaluyong,
1554,
Philippines
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
PSE ABSP PDR EACH REPR 1 ORD SHS PHP1 Philippines Stock Exchange PH PHP 18. Oct 1999
OTCPK ABSO.F PDR EACH REPR 1 ORD SHS PHP1 Pink Sheets LLC US USD 18. Oct 1999
Number of employees
Current staff
Staff numbers
0
ABS-CBN Holdings employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 14:48
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2019/11/14
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.