Asia300

LT Group, Inc.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 28, 2017
Prev close: 16.4
Mar 28, 2017
Market cap:
Market cap(USD):
177,470.77M
3,536.64M
Shares: 10,821.38M

Currency in PHP

Company profile

Market(Ticker): PHS(LTG)
Sector:
Industry:
Consumer Non-Durables
Beverages: Alcoholic
Full time employees: 14,806

Business summary

LT Group, Inc. engages in diversified business activities, including beverages, tobacco, property development and banking. It operates through six segments: Banking, Distilled Spirits, Beverage, Tobacco, Property Development and Others. The Banking segment provides full range of banking and other financial services to corporate, middle market and retail customers. The Distilled Spirits segment involves in manufacturing, compounding, bottling, importing, buying and selling of rum, spirit beverages, and liquor products. The Beverage segment engages in brewing and soft drinks and bottled water manufacturing in the Philippines. The Tobacco segment supplies and manufactures of cigarettes, casings, tobacco, packaging, labels and filters. The Property Development segment engages in ownership, development, leasing and management of residential properties. The Others segment consists of various holding companies that provide financing for working capital and capital expenditure requirements of the operating businesses of the Group. The company was founded on May 27, 1937 and is headquartered in Taguig, Philippines.

Company background

LT Group was formed through the consolidation of businesses controlled by Lucio Tan, the Philippines' second-richest man in 2013, according to Forbes magazine. The listed conglomerate was previously known as Tanduay Holdings, which held Tan's spirits business. In 2012, shareholders approved the company's transformation from a liquor maker into a holding company called LT Group.

In addition to its liquor business, operated by its Tanduay subsidiary, LT is also active in tobacco, through its Fortune Tobacco unit, financial services, through Philippine National Bank, and real estate development, through Eton Properties Philippines. Tan, through companies he own, also has majority ownership in flag carrier Philippine Airlines and in-flight service provider MacroAsia Corp., but these companies are not yet included in LT Group.

Tan holds a chemical engineering from Far Eastern University in Manila. Known for his philanthropy, Tan has also been involved in legal disputes with the government, particularly over tax issues. LT Group is managed by Tan's son, Michael, who serves as president of the conglomerate. The younger Tan previously ran Asia Brewery.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 54,373.87M
Gross profit 27,458.14M
Operating income 5,983.97M
Income before tax 10,530.63M
Net income 6,312.69M
EBITDA 9,436.49M
Diluted EPS 0.61
Dividends per share 0.15
Total assets 755,136.79M
Total liabilities 585,378.70M
Total equity 128,876.01M
Operating cash flow 3,672.20M

Currency in PHP

Revenue 1,194.16M
Gross profit 603.03M
Operating income 131.42M
Income before tax 231.27M
Net income 138.63M
EBITDA 207.24M
Diluted EPS 0.01
Dividends per share 0.00
Total assets 16,047.96M
Total liabilities 12,440.30M
Total equity 2,738.83M
Operating cash flow 80.64M

Currency in USD

Valuation measures

Dec 2015

PER 24.22
ROA 0.86%
ROE 4.98%
Operating margin 11.00%
Profit margin 11.60%

Key executive

  • Chairman & Chief Executive Officer: Lucio Chua Tan
  • President, COO & Executive Director: Michael Gonzales Tan
  • Chief Financial Officer: Jose Gabriel D. Olives
  • Secretary & Compliance Officer: Maria Cecilia L. Pesayco
  • Deputy Chief Financial Officer: Nestor C. Mendones

Share holders

  • Tangent Holdings Corp.(74.3%)
  • Dragon Castle Holdings Ltd.(1.8%)
  • FIL Investment Management (Singapore) Ltd.(1.5%)
  • Hinner Resources Ltd.(1.4%)
  • Advance Goal Ltd.(1.4%)
  • FIL Investment Advisors (UK) Ltd.(1.0%)
  • FIL Investment Management (Hong Kong) Ltd.(0.9%)
  • Capital Research & Management Co. (World Investors)(0.9%)
  • Absolute Classic Ltd.(0.8%)
  • The Vanguard Group, Inc.(0.8%)

Address

  • Website: http://www.ltg.com.ph
  • Address: Bench Tower, 30th St. Corner Rizal Drive, Taguig, 1634, Philippines
  • Phone: +63.2.808.1266

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