Asia300

JG Summit Holdings, Inc.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 82
Mar 24, 2017
Market cap:
Market cap(USD):
915,353M
18,191.2M
Shares: 11,162.8M

Currency in PHP

Company profile

Market(Ticker): PHS(JGS)
Sector:
Industry:
Producer Manufacturing
Industrial Conglomerates
Full time employees: 20,717

Business summary

JG Summit Holdings, Inc. operates as a holding company. It operates through the following segments: Food, Agro-Industrial & Commodities, Air Transportation, Telecommunications, Real Estate and Hotels, Petrochemicals, Banking and Other Supplementary Business. The Food, Agro-Industrial & Commodities segment produces snack, pre-mixed, canned and frozen foods. The Telecommunications segment provides voice and data telecommunications services. The Real Estate and Hotels segment deals with the development and leasing of residential and commercial spaces. The Petrochemicals segment manufactures polyethylene and polypropylene. The Banking segment operates commercial and thrift banks. The Other Supplementary Business segment provides printing services, textile insurance brokering, foreign exchange and securities dealing. The company was founded by John L. Gokongwei, Jr. on November 23, 1990 and is headquartered in Pasig City, Philippines.

Company background

JG Summit Holdings is the umbrellas company for Filipino-Chinese tycoon John Gokongwei's business ventures. Gonkongwei was the Philippines' fifth-richest man in 2013, according to media outlet Forbes. The conglomerate has interests in food and beverages (Universal Robina), property development (Robinsons Land), aviation (Cebu Air), financial services (Robinsons Bank) and petrochemicals (JG Summit Olefins).

Universal Robina is one of the country's leading snack and beverage manufacturers. It operates production facilities in Malaysia, Indonesia, Thailand, Vietnam, and will soon do so in Myanmar. Robinsons Land is the country's second biggest mall developer; Cebu Pacific is the Philippines' largest budget carrier. At present, the company is headed by Gokongwei's brother, CEO James Go. The tycoon's son, Lance, is the conglomerate's president and chief operating officer. Lance, who runs Cebu Pacific, Universal Robina and Robinsons Land, has a double degree in finance and applied science from the University of Pennsylvania.

JG Summit also has around 27% stake in power distribution company Manila Electric, which it bought from San Miguel last year. It also has an 8% stake in Philippines Long Distance Telephone after the dominant carrier merged with the then Gokongwei-led Digital Telecommunications Philippines via a share-swap agreement.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 221,960.08M
Gross profit 75,404.28M
Operating income 42,055.43M
Income before tax 29,852.82M
Net income 22,610.01M
EBITDA 56,495.19M
Diluted EPS 3.13
Dividends per share 0.22
Total assets 600,015.69M
Total liabilities 312,690.03M
Total equity 223,390.52M
Operating cash flow 48,277.66M

Currency in PHP

Revenue 4,874.71M
Gross profit 1,656.03M
Operating income 923.62M
Income before tax 655.63M
Net income 496.56M
EBITDA 1,240.75M
Diluted EPS 0.06
Dividends per share 0.00
Total assets 12,751.36M
Total liabilities 6,645.20M
Total equity 4,747.43M
Operating cash flow 1,060.27M

Currency in USD

Valuation measures

Dec 2015

PER 23.35
ROA 3.89%
ROE 10.49%
Operating margin 18.94%
Profit margin 10.18%

Key executive

  • Executive Chairman & Chief Executive Officer: James L. Go
  • President, COO & Executive Director: Lance Yu Gokongwei
  • Senior Vice President & Controller: Constante T. Santos
  • Treasurer & Vice President: Aldrich T. Javellana
  • Deputy Treasurer: Chona R. Ferrer

Share holders

  • Gokongwei Brothers Foundation, Inc.(27.8%)
  • GOKONGWEI LANCE YU(7.5%)
  • Ego Investments Holdings Ltd.(3.7%)
  • GOKONGWEI PE ROBINA Y(2.5%)
  • GO JAMES L(2.0%)
  • GOKONGWEI CHENG LIZA YU(1.9%)
  • Gosotto & Co., Inc.(1.4%)
  • GOKONGWEI FAITH ONG(1.3%)
  • GOKONGWEI MARCIA(1.3%)
  • The Vanguard Group, Inc.(1.3%)

Address

  • Website: http://www.jgsummit.com.ph
  • Address: Robinsons Equitable Tower, ADB Avenue corner Poveda Road, Pasig City, 1600, Philippines
  • Phone: +63.2.633.7631

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