Last $4.60 PHP
Change Today +0.10 / 2.22%
Volume 16.0K
FDC On Other Exchanges
Symbol
Exchange
Philippines
OTC US
As of 3:20 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

filinvest development corp (FDC) Snapshot

Open
$4.50
Previous Close
$4.50
Day High
$4.60
Day Low
$4.50
52 Week High
02/27/14 - $5.34
52 Week Low
10/8/13 - $4.00
Market Cap
42.9B
Average Volume 10 Days
43.6K
EPS TTM
$0.42
Shares Outstanding
9.3B
EX-Date
06/23/14
P/E TM
10.9x
Dividend
$0.05
Dividend Yield
1.19%
Current Stock Chart for FILINVEST DEVELOPMENT CORP (FDC)

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filinvest development corp (FDC) Details

Filinvest Development Corporation is engaged in real estate, banking and financial services, sugar farming and milling, resort and hotel, and power generation businesses in the Philippines. Its Real Estate segment acquires land; plans and develops integrated residential and commercial communities; develops and sells residential and commercial lots; develops and leases retail and office space and land; constructs and sells residential housing and condominiums, and office buildings; develops farm estates, and industrial and business parks; operates cinema and malls; and manages parking and property. The company’s Banking and Financial Services segment provides commercial banking products and services, including savings, current, and time deposits in pesos and foreign currencies; commercial mortgage and agribusiness loans; payment services, fund transfers, international trade settlements, and remittances from overseas workers; trust and investment services, such as portfolio management, unit funds, trust administration, and estate planning; and safety deposit and credit card facilities. Its Sugar Operations segment operates agricultural lands for planting and cultivating farm products, as well as operates a sugar central for the purpose of milling or converting sugar canes to centrifugal or refined sugar. The company’s Hotel Operations segment operates hotels and manages resorts, villas, and service apartments, as well as provides other services for guests. Its Power Generation Operations segment is involved in the establishment, construction, operation, and supply of power to offtakers. The company was incorporated in 1973 and is based in Taguig, the Philippines. Filinvest Development Corporation is a subsidiary of A.L. Gotianun, Inc.

7,995 Employees
Last Reported Date: 04/14/14
Founded in 1973

filinvest development corp (FDC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

filinvest development corp (FDC) Key Developments

Filinvest Development Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Filinvest Development Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues and other income of PHP 9,805,543,000 against PHP 9,042,923,000 a year ago. Income before income tax was PHP 2,013,943,000 against PHP 1,869,064,000 a year ago. Net income attributable to equity holders of the parent company was PHP 1,104,811,000 against PHP 1,206,077,000 a year ago. For the six months, the company reported revenues and other income of PHP 18,860,580,000 against PHP 18,060,259,000 a year ago. Income before income tax was PHP 3,634,784,000 against PHP 3,649,787,000 a year ago. Net income attributable to equity holders of the parent company was PHP 1,806,103,000 or PHP 0.388 per basic and diluted share against PHP 2,172,416,000 or PHP 0.466 per basic and diluted share a year ago. Net cash provided by operating activities was PHP 4,139,142,000 against net cash used in operating activities of PHP 5,269,167,000 a year ago. Acquisition of investment property and property and equipment-net was PHP 2,111,638,000 against PHP 1,163,003,000 a year ago. Net profit dropped 9% in the first half, dragged down by the lower profit contribution of subsidiary EastWest Bank amid an "industry-wide" decline in trading gains for banks. The bottom-line result was PHP 2.9 billion, lagging revenue growth of 4% for the period to PHP 19 billion.

Filinvest Development Corporation Announces Executive Changes

Filinvest Development Corporation informed that Atty. Elsa R. Divinagracia tendered her resignation as vice-president, acting corporate secretary and acting compliance officer of Filinvest Development Corporation effective July 15, 2014. At the special meeting of the board of directors of FDC on July 15, 2014, the board appointed Atty. Elma Christine R. Leogardo as acting corporate secretary and acting compliance officer, to replace Atty. Elsa R. Divinagracia, effective July 15, 2014.

Filinvest Development Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Filinvest Development Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's profit fell by 18%, dragged by weak earnings by its banking subsidiary. Net income decreased to PHP 1.27 billion from PHP 1.55 billion a year ago. The company reported total revenue and other incomes of PHP 9,055,037,000 against PHP 9,017,335,000 for the last year. Income before income tax was PHP 1,620,841,000 against PHP 1,780,723,000 or the last year. Net income attributable to parent equity holder was PHP 701,292,000 or PHP 0.301 per diluted share against PHP 966,340,000 or PHP 0.415 per diluted share for the last year. Net cash provided by operating activities was PHP 2,143,254,000 against cash flow from operating activities of PHP 4,431,926,000 for the last year. Acquisitions of investment properties and property, plant and equipment was PHP 1,886,617,000 against PHP 673,350,000 for the last year.

 

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Industry Analysis

FDC

Industry Average

Valuation FDC Industry Range
Price/Earnings 10.8x
Price/Sales 1.2x
Price/Book 0.6x
Price/Cash Flow 10.8x
TEV/Sales NM Not Meaningful
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