Asia300

San Miguel Corp.

Philippines

  • 1m
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Jul 21, 2017
Prev close: 103.1
Jul 21, 2017
Market cap:
Market cap(USD):
272,818M
5,378.91M
Shares: 2,724.51M

Currency in PHP

Company profile

Market(Ticker): PHS(SMC)
Sector:
Industry:
Consumer Non-Durables
Beverages: Alcoholic
Full time employees: 22,396

Business summary

San Miguel Corp. engages in the manufacture and sale of beverage, food, and packaging products. It operates through the following segments: Beverages, Food, Packaging, Energy, Fuel & Oil, Infrastructure and Telecommunications. The Beverage segment produces and markets alcoholic and nonalcoholic beverages. The Food segment includes feeds production, poultry and livestock farming, processing and selling of poultry and meat products, processing and marketing of refrigerated and canned meat products, manufacturing and marketing of flour products, premixes and flour-based products, dairy-based products, breadfill, desserts, cooking oil, importation and marketing of coffee and coffee-related products. The packaging segment is involved in the production and marketing of packaging products including, glass containers, glass molds, polyethylene terephthalate (PET) bottles and preforms, PET recycling, plastic closures, corrugated cartons, woven polypropylene, kraft sacks and paperboard, pallets, flexible packaging, plastic crates, plastic floorings, plastic films, plastic trays, plastic pails and tubs, metal closures and two-piece aluminum cans, woven products, industrial laminates and radiant barriers. The Energy segment is engaged in power generation, distribution and trading and coal mining. The Fuel & Oil segment is engaged in refining and marketing of petroleum products. The Infrastructure segment is engaged in the business of construction and development of various infrastructure projects such as airports, roads, highways, toll roads, freeways, skyways, flyovers, viaducts and interchanges. The Telecommunications segment is engaged in rendering all types of domestic and international telecommunications services. The company was founded in 1890 and is headquartered in Mandaluyong, Philippines.

Company background

San Miguel was established in 1890, during the Spanish colonial period, as a single-product brewery. It is now the Philippines' most diversified conglomerate and the largest company by consolidated revenues. The company accounts for around 7% of the Philippines' gross domestic product.

The current president, chief operating officer, and single-largest shareholder, Ramon Ang, was instrumental in the company's diversification. Under Ang, a mechanical engineering graduate, the company expanded into power generation, oil refining, energy, property development, telecommunications, infrastructure, mining and air transportation. The company plans to further expand its food and beverage businesses, and is looking at acquiring an oil and gas field abroad. It is also constructing a 14.8km elevated expressway and is set to build a 22km railway in Manila. In May 2014, Ang pitched a $10-billion airport project to President Benigno Aquino III to replace the aging Ninoy Aquino International Airport in Manila.

However, it sold its 27% stake in power distributor Manila Electric to JG Summit Holdings for 72 billion pesos in 2013. Also in September 2014, it sold its 49% stake in Philippine Airlines for $1.36 billion back to the Lucio Tan Group.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 685,314M
Gross profit 163,011M
Operating income 99,654M
Income before tax 57,272M
Net income 17,533M
EBITDA 130,835M
Diluted EPS 4.05
Dividends per share 1.4
Total assets 1,306.82B
Total liabilities 867,616M
Total equity 279,942M
Operating cash flow 83,754M

Currency in PHP

Revenue 14,431.45M
Gross profit 3,432.71M
Operating income 2,098.53M
Income before tax 1,206.04M
Net income 369.21M
EBITDA 2,755.14M
Diluted EPS 0.08
Dividends per share 0.02
Total assets 26,287.63M
Total liabilities 17,452.67M
Total equity 5,631.21M
Operating cash flow 1,763.70M

Currency in USD

Valuation measures

Dec 2016

PER 22.79
ROA 1.37%
ROE 6.76%
Operating margin 14.54%
Profit margin 2.55%

Key executive

  • Chairman & Chief Executive Officer: Eduardo M. Cojuangco
  • Vice Chairman, President & Chief Operating Officer: Ramon S. Ang
  • CFO, Treasurer & Executive Director: Ferdinand K. Constantino
  • Secretary, General Counsel & Compliance Officer: Virgilio S. Jacinto
  • Deputy Chief Financial Officer & Senior VP: Joseph N. Pineda

Share holders

  • Top Frontier Investment Holdings, Inc.(66.1%)
  • ANG RAMON S(15.5%)
  • Government of the Philippines(1.1%)
  • San Miguel Corp. Retirement Plan(0.8%)
  • Dimensional Fund Advisors LP(0.5%)
  • Millennium Energy, Inc.(0.4%)
  • COJUANGCO EDUARDO M JR(0.1%)
  • SY HENRY SR(0.1%)
  • Columbus Capitana Corp.(0.1%)
  • Canada Pension Plan Investment Board(0.0%)

Address

  • Website: http://www.sanmiguel.com.ph
  • Address: No. 40 San Miguel Avenue, Mandaluyong, 1550, Philippines
  • Phone: +63.2.632.3000

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