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Finance

Alliance Global Group, Inc.

Company Background

Alliance Global Group is the holding company for Filipino-Chinese tycoon Andrew Tan, a self-made billionaire, who chairs the conglomerate at present. The conglomerate has stakes in property development, liquor, gaming and fast food. Its flagship real estate unit Megaworld is a major condominium builder and claims to be the country's biggest business process outsourcing office landlord. Its liquor unit, Emperador, produces the namesake brandy, which was the world's largest selling brandy by volume in 2013. Emperador also operates vineyards in Spain, and in a move to further expand abroad, the company acquired Whyte & Mackay for about $700 million in 2014.

 

Meanwhile, its gaming unit Travellers International Hotel Group is a joint venture with Malaysia's Genting Group. Travellers operates Resorts World Manila, and by 2018 it plans to open Bayshore City Resorts World at a Las Vegas-like gaming hub, which is being developed near Manila Bay. Alliance Global Group's unit Golden Arches Development is the master franchise holder of McDonald's in the Philippines.

Business Summary

Alliance Global Group, Inc. is an investment holding company, which engages in the food and beverage, real estate, and quick service restaurant businesses. It operates through the following segments: Megaworld, Travellers, GADC, and Emperador. The Megaworld segment consists of development of real estate, integrated resorts, leasing of properties, and hotel operations. The Travellers segment relates to tourism-oriented business that integrates entertainment, hospitality, and leisure. The GADC segment refers to operation of McDonald's restaurants in the Philippines. The Emperador segment engages in the manufacture and distribution of distilled spirits including the production of glass containers. The company was founded by Andrew L. Tan on October 12, 1993 and is headquartered in Quezon City, Philippines.

Financial Highlights

Dec 2020 PHPUSD
Revenue124,555.37M2,511.17M
Gross Profit42,964.67M866.21M
Operating income18,329.51M369.54M
Income before tax14,790.13M298.18M
Net income8,829.29M178.00M
EBITDA29,171.90M588.13M
Diluted EPS0.920.01
Dividends Per Share0.050.00
Total Assets668,492.78M13,920.11M
Total liabilities372,673.32M7,760.22M
Total equity183,276.76M3,816.39M
Operating cash flow26,603.02M536.34M
Currency in PHPCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 136,911.61M 135,644.24M 151,452.22M 174,563.12M 124,555.37M
Gross Profit 57,028.55M 56,749.37M 61,399.50M 71,803.25M 42,964.67M
Operating income 32,969.57M 32,582.08M 33,354.74M 38,067.75M 18,329.51M
Income before tax 28,344.07M 28,842.59M 31,481.43M 35,689.59M 14,790.13M
Net income 14,801.00M 15,192.00M 15,114.29M 17,721.51M 8,829.29M
EBITDA 38,016.99M 38,421.64M 40,237.75M 47,798.19M 29,171.90M
Diluted EPS 1.44 1.49 1.52 1.82 0.92
Dividends Per Share 0 0 0.10 0 0.05
Total Assets 491,296.96M 535,612.15M 588,240.42M 644,476.32M 668,492.78M
Total liabilities 245,193.29M 261,339.06M 297,678.53M 347,359.53M 372,673.32M
Total equity 147,140.15M 164,158.16M 172,186.22M 179,373.80M 183,276.76M
Operating cash flow 3,211.13M 10,907.90M 17,772.44M 34,525.75M 26,603.02M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 2,883.10M 2,690.57M 2,874.79M 3,371.22M 2,511.17M
Gross Profit 1,200.91M 1,125.65M 1,165.45M 1,386.68M 866.21M
Operating income 694.27M 646.28M 633.12M 735.17M 369.54M
Income before tax 596.87M 572.10M 597.56M 689.24M 298.18M
Net income 311.68M 301.34M 286.89M 342.24M 178.00M
EBITDA 800.56M 762.11M 763.77M 923.09M 588.13M
Diluted EPS 0.03 0.02 0.02 0.03 0.01
Dividends Per Share 0 0 0.00 0 0.00
Total Assets 9,882.76M 10,729.41M 11,186.46M 12,725.36M 13,920.11M
Total liabilities 4,932.22M 5,235.15M 5,660.90M 6,858.71M 7,760.22M
Total equity 2,959.82M 3,288.42M 3,274.43M 3,541.78M 3,816.39M
Operating cash flow 67.62M 216.36M 337.34M 666.77M 536.34M

Valuation Measures

Dec 2020
PER11.50
ROA1.34%
ROE4.86%
Operating margin14.71%
Profit margin7.08%

Key executives

  • Vice Chairman & Chief Executive Officer: Kevin Andrew L. Tan
  • President, Chief Operating Officer & Director: Kingson Uy Siok Sian
  • Chief Financial Officer & Compliance Officer: Dina D. R. Inting
  • Treasurer & Director: Katherine L. Tan
  • Investor Relations Contact: Caroline L. Kabigting

Shareholders

  • TAN CHONG BUAN LIM (48.1%)
  • Capital Research & Management Co. (Global Investors) (3.6%)
  • Yorkshire Holdings, Inc. (2.6%)
  • Capital International, Inc. (Investment Management Singapore) (1.6%)
  • California Orchard Growers Investment, Inc. (1.2%)
  • The Vanguard Group, Inc. (1.1%)
  • Eastwood Property Holdings, Inc. (1.1%)
  • Dimensional Fund Advisors LP (0.7%)
  • TAN KENDRICK ANDREW L (0.6%)
  • BlackRock Fund Advisors (0.5%)

Contact Details

  • Website:http://www.allianceglobalinc.com
  • Address: Eastwood City CyberPark, Bagumbayan, 188 East Rodriguez Jr. Avenue, Quezon City, 1110, Philippines
  • Phone: +63.2.8709.2038

Related Companies

  • Dew Dreams International, Inc.
  • Fil-Estate Subic Development Corp.
  • Infracorp Development, Inc.
  • Shiok Success International, Inc.
  • Travellers Group Ltd.
  • Greenspring Investment Holdings Properties Ltd.
  • Alliance Global Group Cayman Islands, Inc.
  • Emperador Inc.
  • ERA Real Estate Exchange, Inc.
  • Venezia Universal Ltd.
  • Alliance Global Brands, Inc.
  • Adams Properties, Inc.
  • Alliance DHO Corp.
  • First Centro, Inc.
  • New Town Land Partners, Inc.
  • Y&M Development Corp.
  • Mckester Pik-Nik International Ltd.
  • Golden Arches Development Corp.
  • Megaworld Corp.

Competitors

  • Robinsons Land Corp.
  • Bloomberry Resorts Corporation
  • Filinvest Development Corporation
  • Diageo plc
  • Pernod Ricard SA
  • Cosco Capital, Inc.
  • Wendy's Company
  • Ginebra San Miguel, Inc.
  • Melco Resorts & Entertainment Limited Sponsored ADR
  • UTZ Brands Inc Class A
  • Ayala Land Inc.
  • SM Prime Holdings, Inc.
  • Universal Entertainment Corporation
  • Yum! Brands, Inc.
  • Jollibee Foods Corp.
  • Berjaya Corp. Bhd.
  • Shakey's Pizza Asia Ventures, Inc.
  • JG Summit Holdings Inc.
  • SM Investments Corporation
Last Updated on 20 Oct, 2021

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