MacroAsia (PHS:MAC) Retained Earnings: ₱2,739 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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PHS:MAC MacroAsia Corp PHS:MAC
86 GF Score
Price ₱3.83
GF Value ₱5.70
Valuation Significantly Undervalued
! 5 Warning Signs
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What is MacroAsia Retained Earnings?

MacroAsia PHS:MAC -0.26% 86 Retained Earnings is ₱2,739 Mil as of Mar. 2026. GuruFocus rates PHS:MAC with a GF Score™ of 86/100 and a GF Value™ of ₱5.70 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MacroAsia's retained earnings for the quarter that ended in Mar. 2026 was ₱2,739 Mil.

MacroAsia's quarterly retained earnings increased from Sep. 2025 (₱2,191 Mil) to Dec. 2025 (₱2,610 Mil) and increased from Dec. 2025 (₱2,610 Mil) to Mar. 2026 (₱2,739 Mil).

MacroAsia's annual retained earnings increased from Dec. 2023 (₱2,423 Mil) to Dec. 2024 (₱3,357 Mil) but then declined from Dec. 2024 (₱3,357 Mil) to Dec. 2025 (₱2,610 Mil).


MacroAsia  (PHS:MAC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


MacroAsia Retained Earnings Historical Data

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The historical data trend for MacroAsia's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MacroAsia Retained Earnings Chart

MacroAsia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,180.38 1,776.46 2,423.05 3,356.83 2,609.79

MacroAsia Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,482.74 1,848.52 2,191.15 2,609.79 2,738.84
PHS:MAC
86GF Score
MacroAsia Corp PHS:MAC
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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MacroAsia Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of ₱2,739 Mil mean?
MacroAsia (PHS:MAC) has a Retained Earnings of ₱2,739 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on MacroAsia and its competitors.
Is MacroAsia's Retained Earnings too high?
MacroAsia's current Retained Earnings is ₱2,739 Mil. Overall, MacroAsia has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MacroAsia's Retained Earnings compare to JOBY?
MacroAsia's Retained Earnings of ₱2,739 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Transportation company?
A good Retained Earnings depends on the Transportation industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on MacroAsia and its competitors. MacroAsia's current Retained Earnings is ₱2,739 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MacroAsia stock overvalued right now?
Based on GuruFocus' analysis, MacroAsia (PHS:MAC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱5.70, compared to a current price of ₱3.83 — trading 32.8% below its estimated fair value. The current Retained Earnings is ₱2,739 Mil. MacroAsia's overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For MacroAsia (PHS:MAC), the current Retained Earnings is ₱2,739 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MacroAsia (PHS:MAC) Overvalued in 2026?

Based on GuruFocus' analysis, MacroAsia stock appears to be undervalued. The current stock price of ₱3.83 is trading 32.8% below its estimated GF Value™ of ₱5.70. GuruFocus considers MacroAsia to be Significantly Undervalued.

Key valuation signals for PHS:MAC:

  • Retained Earnings: ₱2,739 Mil
  • GF Value™: ₱5.70 vs. price of ₱3.83 (32.8% below fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the PHS:MAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MacroAsia Business Description

Address 112 Aguirre Street, 7th Floor, Ricogen Building, Legazpi Village, Makati City, PHL, 1229
MacroAsia Corp engages in providing aviation-support business at the engaged in aviation-support businesses at the Ninoy Aquino International Airport (NAIA), Manila Domestic Airport (MDA), Mactan-Cebu International Airport (MCIA), Kalibo International Airport (KIA), Davao International Airport, Tuguegarao Airport and the General Aviation Area. Its segments are In-flight and other catering segment which generates key revenue, Ground handling and aviation segment, administrative segment, Mining segment, Water treatment and distribution segment, ICT services, and Maintenance, repairs, and overhaul segment.
86GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱3.83
Price
₱5.70
GF Value