Asia300

Cebu Air, Inc.

Philippines

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Jul 21, 2017
Prev close: 97.75
Jul 21, 2017
Market cap:
Market cap(USD):
59,231.9M
1,167.82M
Shares: 605.95M

Currency in PHP

Company profile

Market(Ticker): PHS(CEB)
Sector:
Industry:
Transportation
Airlines
Full time employees: 4,123

Business summary

Cebu Air, Inc. provides air cargo services. It operates as a carrier in the Philippine air transportation industry, which engages in transportation of passengers, mail, merchandise and freight. The company's distribution channels, such as Internet; direct sales through booking; sales offices; call centers and government/corporate client accounts; and third-party sales outlets. It offers ancillary services such as cancellation and rebooking options, in-flight merchandising, baggage and travel-related products and services. The company was founded on August 26, 1988 and is headquartered in Cebu, Philippines.

Company background

Cebu Air operates Cebu Pacific Air, the Philippines' largest budget carrier. The company is a unit of JG Summit Holdings, a diversified conglomerate controlled by the Gokongwei family. The airline began operating in 1996 with its first domestic flight from Manila to the Philippine central island of Cebu. Its international operations began in 2001 with flights from Manila to Hong Kong. By the end of 2013, the company was operating a network of 60 domestic and 32 international routes, with a total of 2,284 scheduled weekly flights.

In April of this year, the EU removed the airline from a safety blacklist, and in June, the company secured clearance from the Federal Aviation Administration to fly to the U.S.

The airline is headed by CEO Lance Gokongwei, the only son of tycoon John Gokongwei, who founded the JG Summit empire as a corn starch producer. The younger Gokongwei, who holds a double degree in finance and applied science from the University of Pennsylvania, sits on the board of major companies controlled by the Gokongwei family, including those involved in food and beverage, real estate, property, banking and petrochemicals.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 61,899.27M
Gross profit 14,064.24M
Operating income 12,251.19M
Income before tax 9,537.85M
Net income 9,754.13M
EBITDA 19,370.99M
Diluted EPS 16.1
Dividends per share 1
Total assets 103,456.56M
Total liabilities 69,951.28M
Total equity 33,505.27M
Operating cash flow 19,383.88M

Currency in PHP

Revenue 1,303.48M
Gross profit 296.16M
Operating income 257.98M
Income before tax 200.84M
Net income 205.40M
EBITDA 407.91M
Diluted EPS 0.33
Dividends per share 0.02
Total assets 2,081.09M
Total liabilities 1,407.11M
Total equity 673.98M
Operating cash flow 408.18M

Currency in USD

Valuation measures

Dec 2016

PER 5.77
ROA 10.21%
ROE 33.37%
Operating margin 19.79%
Profit margin 15.75%

Key executive

  • President, CEO & Executive Director: Lance Yu Gokongwei
  • Chief Financial Officer: Andrew L. Huang
  • Senior VP, Chief Strategy & Compliance Officer: Bach Johann M. Sebastian
  • Treasurer & Vice President: Jeanette U. Yu
  • Vice President & Comptroller: Robin C. Dui

Share holders

  • JG Summit Holdings, Inc.(67.2%)
  • FIL Investment Management (Singapore) Ltd.(1.6%)
  • Dimensional Fund Advisors LP(1.2%)
  • Norges Bank Investment Management(1.1%)
  • Grantham, Mayo, Van Otterloo & Co. LLC(0.8%)
  • The Vanguard Group, Inc.(0.7%)
  • BlackRock Fund Advisors(0.4%)
  • Fideuram Asset Management (Ireland) Ltd.(0.3%)
  • Acadian Asset Management LLC(0.2%)
  • Evli Fund Management Co. Ltd.(0.2%)

Address

  • Website: http://www.cebupacificair.com
  • Address: Doña Juanita Marquez Lim Building, Osmeña Boulevard, Cebu, 6000, Philippines
  • Phone: +63.2.852.2461

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