Filipino (PSEi) Market Analysis & Valuation
UpdatedMay 24, 2024
DataAggregated Company Financials
Companies258
- 7D0.4%
- 3M-1.9%
- 1Y1.0%
- YTD2.2%
In the last week, the market has stayed flat, however the Materials sector stood out, gaining 4.4%. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Filipino Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 May 2024 | ₱13.3t | ₱13.0t | ₱1.1t | 9.5x | 11.6x | 1x |
| Mon, 22 Apr 2024 | ₱12.8t | ₱12.7t | ₱1.1t | 9.3x | 11.4x | 1x |
| Wed, 20 Mar 2024 | ₱13.3t | ₱12.7t | ₱1.1t | 10.5x | 12.3x | 1x |
| Fri, 16 Feb 2024 | ₱13.4t | ₱12.6t | ₱1.1t | 10.1x | 12.7x | 1.1x |
| Sun, 14 Jan 2024 | ₱13.1t | ₱12.7t | ₱1.1t | 10.4x | 12.4x | 1x |
| Tue, 12 Dec 2023 | ₱12.4t | ₱12.7t | ₱1.1t | 9.5x | 11.7x | 1x |
| Thu, 09 Nov 2023 | ₱12.4t | ₱12.6t | ₱1.0t | 10.3x | 12.3x | 1x |
| Sat, 07 Oct 2023 | ₱12.6t | ₱12.6t | ₱1.0t | 10.6x | 12.4x | 1x |
| Mon, 04 Sep 2023 | ₱12.6t | ₱12.6t | ₱1.0t | 10.6x | 12.3x | 1x |
| Wed, 02 Aug 2023 | ₱13.3t | ₱12.8t | ₱981.8b | 11.3x | 13.5x | 1x |
| Fri, 30 Jun 2023 | ₱13.0t | ₱12.8t | ₱972.6b | 10.5x | 13.4x | 1x |
| Sun, 28 May 2023 | ₱13.0t | ₱12.8t | ₱971.3b | 10.6x | 13.4x | 1x |
| Tue, 25 Apr 2023 | ₱13.2t | ₱12.4t | ₱944.1b | 11.3x | 14x | 1.1x |
| Thu, 23 Mar 2023 | ₱12.9t | ₱11.8t | ₱1.0t | 11.1x | 12.5x | 1.1x |
| Sat, 18 Feb 2023 | ₱13.5t | ₱11.6t | ₱1.0t | 11.7x | 13.2x | 1.2x |
| Mon, 16 Jan 2023 | ₱13.5t | ₱11.6t | ₱1.0t | 11.5x | 13.2x | 1.2x |
| Wed, 14 Dec 2022 | ₱12.9t | ₱11.7t | ₱1.0t | 11x | 12.5x | 1.1x |
| Fri, 11 Nov 2022 | ₱12.3t | ₱10.8t | ₱1.0t | 11.4x | 12.2x | 1.1x |
| Sun, 09 Oct 2022 | ₱12.0t | ₱10.7t | ₱962.2b | 11.4x | 12.4x | 1.1x |
| Tue, 06 Sep 2022 | ₱13.3t | ₱10.7t | ₱960.7b | 12.4x | 13.8x | 1.2x |
| Thu, 04 Aug 2022 | ₱12.7t | ₱9.7t | ₱851.2b | 12x | 14.9x | 1.3x |
| Sat, 02 Jul 2022 | ₱12.4t | ₱9.6t | ₱844.1b | 12x | 14.7x | 1.3x |
| Mon, 30 May 2022 | ₱13.4t | ₱9.6t | ₱832.1b | 12.3x | 16.1x | 1.4x |
| Wed, 27 Apr 2022 | ₱13.8t | ₱8.9t | ₱742.5b | 12.9x | 18.6x | 1.5x |
| Fri, 25 Mar 2022 | ₱14.0t | ₱8.5t | ₱701.5b | 13.2x | 19.9x | 1.6x |
| Sun, 20 Feb 2022 | ₱14.6t | ₱8.4t | ₱644.5b | 14x | 22.7x | 1.7x |
| Tue, 18 Jan 2022 | ₱14.3t | ₱8.4t | ₱644.7b | 13.2x | 22.2x | 1.7x |
| Thu, 16 Dec 2021 | ₱14.0t | ₱8.4t | ₱642.6b | 13.1x | 21.9x | 1.7x |
| Sat, 13 Nov 2021 | ₱14.6t | ₱8.2t | ₱637.2b | 13.6x | 22.9x | 1.8x |
| Mon, 11 Oct 2021 | ₱13.9t | ₱8.1t | ₱617.3b | 13.1x | 22.4x | 1.7x |
| Wed, 08 Sep 2021 | ₱13.6t | ₱8.1t | ₱617.8b | 13.1x | 21.9x | 1.7x |
| Fri, 06 Aug 2021 | ₱12.6t | ₱8.1t | ₱616.0b | 13x | 20.4x | 1.6x |
Price to Earnings Ratio
27.4x
Current Market PE
- Investors are pessimistic on the Filipino market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 11.6x which is lower than its 3-year average PE of 15.9x.
Past Earnings Growth
- The earnings for Filipino listed companies have grown 38% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Filipino Market?
| PH Market | 0.38% | |
| Materials | 4.38% | |
| Energy | 2.43% | |
| Tech | 1.04% | |
| Consumer Discretionary | 1.01% | |
| Consumer Staples | 0.88% | |
| Industrials | 0.56% | |
| Real Estate | 0.43% | |
| Telecom | 0.11% | |
| Financials | -0.52% | |
| Utilities | -0.99% | |
| Healthcare | -2.70% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (19.8%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ICT International Container Terminal Services | ₱353.00 | 5.7% +₱38.6b | 81.0% | PE22.9x | Industrials | |
| SM SM Investments | ₱896.00 | 2.4% +₱25.7b | -2.6% | PE14x | Industrials | |
| SEVN Philippine Seven | ₱119.90 | 16.4% +₱12.8b | 41.1% | PE25.2x | Consumer Staples | |
| GSMI Ginebra San Miguel | ₱219.40 | 16.1% +₱8.7b | 54.5% | PE9.8x | Consumer Staples | |
| CNPF Century Pacific Food | ₱36.05 | 6.7% +₱8.0b | 56.1% | PE22x | Consumer Staples |
