Asia300

SM Prime Holdings, Inc.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 21, 2017
Prev close: 34.8
Jul 21, 2017
Market cap:
Market cap(USD):
1,005B
19,814.6M
Shares: 28,879.2M

Currency in PHP

Company profile

Market(Ticker): PHS(SMPH)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: --

Business summary

SM Prime Holdings, Inc. develops, conducts, operates and maintains modern commercial shopping centers. The company operates in four segments: Malls, Residential, Commercial & Hotel and Convention centers. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto such as the conduct, operation and maintenance of shopping center spaces for rent, amusement centers, or cinema theaters within the compound of the shopping centers. The Residential and Commercial segments are involved in the development and transformation of major residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention centers segment engages in and carry on the business of hotel and convention centers and operates and maintains any and all services and facilities incident thereto. SM Prime Holdings was founded on January 6, 1994 and is headquartered in Pasay, Philippines.

Company background

SM Prime Holdings used to be the mall development arm of SM Investments, the publicly listed holding company of the Sy family, the Philippines' richest. But in 2013, the Sy family decided to consolidate its property assets under SM Prime. The consolidation process saw the Sy-controlled condominium builder SM Development, leisure property firm Highlands Prime and privately held SM Land being folded into SM Prime.

The restructuring made SM Prime the Philippines' biggest real estate company and one of the largest in the region in terms of market capitalization.

With its enlarged scale, SM Prime in early 2014 launched a five-year plan that calls for spending 400 billion pesos to almost double its real estate projects and sales by 2019. The plan includes expanding the company's shopping centers in the Philippines, from 48 at the end of 2013, to 74. This is on top of operations in China, where the company has five malls.

SM Prime is managed by Hans Sy, a son of Henry Sy, SM Group founder and the Philippines' richest man.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 80,931.16M
Gross profit 57,432.63M
Operating income 31,557.13M
Income before tax 30,988.67M
Net income 23,805.71M
EBITDA 44,194.33M
Diluted EPS 0.82
Dividends per share 0.26
Total assets 465,560.13M
Total liabilities 230,196.58M
Total equity 231,481.03M
Operating cash flow 34,514.53M

Currency in PHP

Revenue 1,704.26M
Gross profit 1,209.42M
Operating income 664.53M
Income before tax 652.56M
Net income 501.30M
EBITDA 930.65M
Diluted EPS 0.01
Dividends per share 0.00
Total assets 9,365.05M
Total liabilities 4,630.55M
Total equity 4,656.39M
Operating cash flow 726.81M

Currency in USD

Valuation measures

Dec 2016

PER 34.32
ROA 5.29%
ROE 10.72%
Operating margin 38.99%
Profit margin 29.41%

Key executive

  • President & Director: Hans T. Sy
  • Chief Finance Officer & Compliance Officer: John C. Ong
  • Director, Chief Information Officer & Executive VP: Jeffrey C. Lim
  • Vice President-Finance: Teresa Cecilia H. Reyes
  • Vice President-Internal Audit: Christopher S. Bautista

Share holders

  • SM Investments Corp.(49.7%)
  • SY HANS T(2.3%)
  • SY HENRY T JR(2.3%)
  • Grand China International Ltd.(2.3%)
  • SY TERESITA T(2.3%)
  • SY HERBERT T(2.3%)
  • SY HARLEY TAN(2.2%)
  • SY ELIZABETH T(2.2%)
  • SY FELICIDAD T(2.2%)
  • APG Asset Management NV(2.0%)

Address

  • Website: http://www.smprime.com
  • Address: Mall of Asia Arena, Annex Building, Coral Way Corner J.W. Diokno Blvd, Pasay, 1300, Philippines
  • Phone: +63.2.831.1000

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