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Overview: Maynilad Water Services is a Philippine-based company that provides water and wastewater services in the western zone of Metro Manila, with a market capitalization of ₱54.23 billion.

Operations: Maynilad Water Services generates revenue primarily through its water distribution and wastewater services, with a notable gross profit margin of 86.22% as of September 2025. The company experiences significant operating expenses, including general and administrative costs, which impact its overall profitability. Non-operating expenses also play a role in financial outcomes, contributing to variations in net income margins over time.

PE: 8.0x

Maynilad Water Services, a prominent player in Asia’s water utility sector, recently reported a rise in third-quarter sales to PHP 9.24 billion from PHP 8.48 billion last year, reflecting solid operational performance despite its reliance on external borrowing for funding. The company’s IPO raised PHP 30.6 billion, indicating market confidence and potential for growth as it joins the PSE All Share Index. With new leadership under COO Christopher Lichauco and strategic shifts like discontinuing certain international projects, Maynilad is poised for focused domestic expansion while maintaining insider confidence through significant share purchases over the past year.

Simply Wall St Value Rating: ★★★☆☆☆

Overview: Nickel Asia is a leading nickel mining company in the Philippines, engaged in extracting, processing, and exporting nickel ore with a market capitalization of approximately ₱88.13 billion.

Operations: Nickel Asia generates revenue primarily through its operations, with significant costs attributed to the cost of goods sold (COGS). The company’s net income margin has shown variability, reaching as high as 32.88% in June 2022 and declining to 7.06% by December 2024. Operating expenses and non-operating expenses also play a role in financial performance, impacting the overall profitability.

PE: 12.0x

Nickel Asia’s recent financial performance highlights its potential in the Asian small-cap sector, with third-quarter revenue reaching PHP 11.05 billion and net income at PHP 3.09 billion, both showing significant year-over-year growth. Despite a volatile share price recently, insider confidence is evident through share purchases from March to October 2025. The company declared a special dividend of PHP 0.07 per share, payable on December 15, reflecting strong cash flow management despite relying solely on external borrowing for funding. Organizational changes effective January 2026 could further strengthen strategic planning and corporate governance structures as they navigate projected earnings declines over the next three years.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include PSE:AUB PSE:MYNLD and PSE:NIKL.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

As an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that’s been the case for longer term Rivco Australia Ltd (ASX:RIV) shareholders, since the share price is down 12% in the last three years, falling well short of the market return of around 33%.

With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Although the share price is down over three years, Rivco Australia actually managed to grow EPS by 21% per year in that time. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or else the company was over-hyped in the past, and so its growth has disappointed.

We’re actually a quite surprised to see the share price down while EPS have grown strongly. Therefore, we should look at some other metrics to try to understand why the market is disappointed.

We note that the dividend seems healthy enough, so that probably doesn’t explain the share price drop. We like that Rivco Australia has actually grown its revenue over the last three years. But it’s not clear to us why the share price is down. It might be worth diving deeper into the fundamentals, lest an opportunity goes begging.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

We know that Rivco Australia has improved its bottom line lately, but what does the future have in store? If you are thinking of buying or selling Rivco Australia stock, you should check out this free report showing analyst profit forecasts.

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Rivco Australia, it has a TSR of 3.4% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

Rivco Australia shareholders gained a total return of 6.6% during the year. But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 6% per year over five year. This suggests the company might be improving over time. It’s always interesting to track share price performance over the longer term. But to understand Rivco Australia better, we need to consider many other factors. Case in point: We’ve spotted 1 warning sign for Rivco Australia you should be aware of.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.