We’ve been blogging for free. If you enjoy our content, consider supporting us! Disclaimer: This is for informational purposes and is not investment advice. Figures are taken from company disclosures and exchange data; valuation ratios include the author’s calculations based on cited inputs. There is a difference between a stock that is merely cheap and a stock that the market no longer fully trusts. PHINMA Corporation increasingly looks like the latter. The chart tells the story before the financials do. PHINMA’s share price appears to have drifted from the high-₱20s in 2024 to about ₱14.30 recently, tracing a long, patient decline rather than a sudden collapse. That distinction matters. Sharp selloffs are often emotional. Slow, grinding devaluations are usually analytical. They suggest that investors have had time to study the numbers — and have still chosen to mark the company down. That markdown is now hard to ignore. As of March 6, 2026, PHINMA’s market ca...
We’ve been blogging for free. If you enjoy our content, consider supporting us! Disclaimer: This is for informational purposes and is not investment advice. Figures are taken from company disclosures and exchange data; valuation ratios include the author’s calculations based on cited inputs. There are times when corporate ambition deserves applause. And there are times when ambition becomes expensive. Jollibee Foods Corp. now looks uncomfortably close to the second category. To be fair, JFC’s 2025 numbers were not weak on the surface. Revenues rose 13.0% to ₱305.1 billion , systemwide sales climbed 16.6% to ₱455.1 billion , operating income increased 19.3% to ₱20.15 billion , and EBITDA grew 13.8% to ₱41.83 billion . But the most important line for shareholders was far less impressive: net income rose only 1.9% to ₱11.0 billion , while net income attributable to parent increased 5.4% to ₱10.87 billion . That gap between operating progress and bottom-line reward should ...