Finance
Ayala Corp.
In the news
- Digital payment grows in Philippines amid COVID-19 fears Jul 19, 2020
- Manila's $2bn airport expansion pitch stalled by aviation shakeup Jul 8, 2020
- Philippines' Ayala fights to take over Australia's Infigen Energy Jun 29, 2020
- Duterte apologizes to Philippine tycoons he threatened to jail May 5, 2020
- Yangon Stock Exchange to open to overseas investors March 20 Mar 7, 2020 See more articles on Ayala Corp.
Company Background
Founded in 1834, Ayala Corp. is the Philippines' oldest conglomerate, controlled by the Zobel Filipino-Spanish family. Currently, the company is led by brothers Jaime Augusto Zobel, who serves as the company's chairman and CEO, and Fernando Zobel, who sits as the president and chief operating officer.
Its core businesses are real estate development (Ayala Land), financial services (Bank of the Philippine Islands), telecommunications (Globe Telecom, a joint venture with Singapore Telecommunications), and water distribution (Manila Water). The company, however, also has interests in electronics manufacturing and business process outsourcing.
Ayala, backed by Japanese conglomerate Mitsubishi Corp., is slowly expanding into the infrastructure and power sectors. Through AC Energy Holdings, Ayala aims to build power generating capacity of 1,000 megawatts by 2016, while it intends to build expressways and railways via AC Infrastructure Holdings. Together with Metro Pacific Investments, the company recently won a $1.5 billion contract to expand and run a major overhead railway in Manila. The company has also announced a foray into education.
Business Summary
Ayala Corp. operates as a holding company, which is engaged in providing real estate, telecommunications, utilities, logistics, financial and insurance services. It operates through following business segments: Parent Company, Real Estate and Hotels, Financial Services and Insurance, Telecommunications, Water Infrastructure, Electronics Manufacturing, Power generation, and Automotive, IT/BPO and Others. The Parent Company segment represents operations of the Parent Company including its financing entities such as ACIFL, AYCFL, PFIL and MHI. The Real Estate and Hotels segment is engaged in planning and development of large-scale fully integrated mixed-used communities that become thriving economic centers in their respective regions. The Financial Services and Insurance segment offers banking services including savings and time deposits, loans, foreign exchange and securities dealing, and safety deposit facilities. The Telecommunications segment provides digital wireless and wireline voice communication services, broadband services, long distance communication, and mobile commerce services. The Water Infrastructure segment manages, operates repairs, decommissions, and refurbishes all fixed and movable assets required to provide water delivery and sewerage services. The Electronics Manufacturing segment offers electronics manufacturing services for original equipment manufacturers in the computing, communications, consumer, automotive, industrial and medical electronics markets. The Power Generation segment is engaged in building portfolio of power generation assets using renewable and conventional technologies which in turn will operate business of generating, transmission of electricity, distribution of electricity and supply of electricity, including the provision of related services. The Automotive, IT/BPO and Others segment is engaged in manufacturing, distribution and sale and providing repairs and services for passenger cars and commercial vehicles. The company was founded on January 23, 1968 and is headquartered in Makati, Philippines.
Financial Highlights
| Dec 2020 | PHP | USD |
| Revenue | 193,622.43M | 3,903.63M |
| Gross Profit | 46,125.57M | 929.94M |
| Operating income | 20,441.08M | 412.11M |
| Income before tax | 7,096.73M | 143.07M |
| Net income | 11,944.67M | 240.81M |
| EBITDA | 36,796.38M | 741.85M |
| Diluted EPS | 25.23 | 0.50 |
| Dividends Per Share | 6.92 | 0.13 |
| Total Assets | 1,407.99B | 29,318.96M |
| Total liabilities | 863,335.88M | 17,977.36M |
| Total equity | 341,420.86M | 7,109.45M |
| Operating cash flow | -5,223.25M | -105.30M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 199,208.89M | 242,227.64M | 256,891.28M | 264,906.53M | 193,622.43M |
| Gross Profit | 56,009.24M | 64,635.13M | 65,238.01M | 72,040.54M | 46,125.57M |
| Operating income | 38,409.98M | 43,343.67M | 42,356.12M | 44,690.45M | 20,441.08M |
| Income before tax | 35,785.69M | 62,126.53M | 42,490.51M | 64,055.60M | 7,096.73M |
| Net income | 26,011.26M | 30,263.84M | 31,817.72M | 35,279.33M | 11,944.67M |
| EBITDA | 49,970.45M | 55,641.53M | 55,917.71M | 63,331.76M | 36,796.38M |
| Diluted EPS | 39.30 | 45.99 | 48.35 | 53.92 | 25.23 |
| Dividends Per Share | 5.76 | 6.92 | 6.92 | 8.30 | 6.92 |
| Total Assets | 913,273.80M | 1,023.54B | 1,199.45B | 1,347.00B | 1,407.99B |
| Total liabilities | 542,631.87M | 611,257.51M | 728,817.26M | 835,972.40M | 863,335.88M |
| Total equity | 230,568.58M | 257,541.10M | 292,133.18M | 330,526.39M | 341,420.86M |
| Operating cash flow | 43,777.69M | 30,059.54M | 51,424.34M | 35,122.25M | -5,223.25M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 4,194.97M | 4,804.70M | 4,876.18M | 5,115.96M | 3,903.63M |
| Gross Profit | 1,179.45M | 1,282.07M | 1,238.31M | 1,391.27M | 929.94M |
| Operating income | 808.84M | 859.74M | 803.98M | 863.07M | 412.11M |
| Income before tax | 753.58M | 1,232.31M | 806.53M | 1,237.06M | 143.07M |
| Net income | 547.74M | 600.29M | 603.94M | 681.32M | 240.81M |
| EBITDA | 1,052.28M | 1,103.67M | 1,061.40M | 1,223.08M | 741.85M |
| Diluted EPS | 0.82 | 0.91 | 0.91 | 1.04 | 0.50 |
| Dividends Per Share | 0.12 | 0.13 | 0.13 | 0.16 | 0.13 |
| Total Assets | 18,371.10M | 20,503.67M | 22,809.76M | 26,597.00M | 29,318.96M |
| Total liabilities | 10,915.40M | 12,244.74M | 13,859.79M | 16,506.51M | 17,977.36M |
| Total equity | 4,638.04M | 5,159.07M | 5,555.44M | 6,526.33M | 7,109.45M |
| Operating cash flow | 921.87M | 596.24M | 976.11M | 678.29M | -105.30M |
Valuation Measures
| Dec 2020 | |
| PER | 32.64 |
| ROA | 0.86% |
| ROE | 3.55% |
| Operating margin | 10.55% |
| Profit margin | 6.16% |
Key executives
- Vice Chairman, President & Chief Executive Officer: Fernando Miranda Zobel de Ayala
- CFO, Chief Risk & Sustainability Officer: Alberto Macapinlac de Larrazabal
- Chief Information Officer: Maria Angelica B. Rapadas
- Secretary, Chief Legal Officer & General Counsel: Solomon M. Hermosura
- Managing Director: John Philip S. Orbeta
Shareholders
- Mermac, Inc. (47.8%)
- Mitsubishi Corp. (6.0%)
- Norges Bank Investment Management (1.8%)
- The Vanguard Group, Inc. (1.6%)
- SM Investments Corp. (1.4%)
- The Caisse de depot et placement du Quebec (1.4%)
- Orbis Investment Management Ltd. (0.8%)
- BlackRock Fund Advisors (0.7%)
- BDO Unibank, Inc. (Investment Management) (0.3%)
- Estate Of Sy Henry Sr (0.2%)
Contact Details
- Website:http://www.ayala.com.ph
- Address: Tower One and Exchange Plaza, Ayala Avenue, Makati City, 1226, Philippines
- Phone: +63.2.908.3000
Related Companies
- AC Energy & Infrastructure Corp.
- Ayala Capital
- GNPower Kauswagan
- PFIL North America, Inc.
- Michigan Holdings, Inc. /PH/
- Ayala Healthcare Holdings, Inc.
- Ayala Education, Inc.
- Ayala Group Legal
- AC Infrastructure Holdings Corp.
- AC Energy Holdings, Inc.
- Universal Reinsurance Corp.
- AG Counselors Corp.
- Pure Foods International Ltd.
- EDINet Philippines, Inc.
- Ayala Aviation Corp.
- iOne Resources, Inc.
- AYC Finance Ltd.
- Darong Agricultural Development Corp.
- Technopark Land, Inc.
- Ayala Multi Purpose Cooperative
- BPI Card Finance Corp.
- Bestfull Holdings Ltd.
- Water Capital Works, Inc.
- Makati Development Corp.
- Honda Cars Makati, Inc.
- AC Industrial Technology Holdings, Inc.
- Philwater Holdings Co., Inc.
- Azalea Technology Investments, Inc.
- Far East Trust Co.
- Ayala Corp. ESOWN
Competitors
- Plexus Corp.
- Flex Ltd.
- Kimball Electronics, Inc.
- SM Prime Holdings, Inc.
- Megaworld Corp.
- Robinsons Land Corp.
- DMCI Holdings Inc.
- Filinvest Land Incorporated
- Vista Land & Lifescapes, Inc.
- American International Group, Inc.
- EEI Corporation
- First Gen Corporation
- Metro Pacific Investments Corporation
- Megawide Construction Corporation
- Robinsons Retail Holdings, Inc.
- SM Investments Corporation
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Last Updated on 18 Oct, 2021
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