Finance
Ayala Land, Inc.
Company Background
Ayala Land was created in 1988 when the Ayala Group decided to spin off its real estate division so that it could focus on property development. The company, one of the largest in the Philippines, has core operations in property development and management, commercial leasing, as well as hotels and leisure services.
Ayala Land also does businesses outside its core real estate operations to complement its mixed-use communities, which the company is known for. In 2013, Ayala Land teamed up with medical center operator Mercado Group of the Philippines to establish hospitals and clinics located in the company's mixed-use developments. The first QualiMed clinic opened in February 2014. Ayala Land in 2013 also partnered with listed supermarket operator Puregold Price Club for the development of supermarket chains in Ayala Land properties.
Company CEO Bernard Vincent Dy earned an MBA as well as a master's in international relations from the University of Chicago. He used to be Ayala Land's chief operating officer.
Business Summary
Ayala Land, Inc. engages in the development of real estate properties. It operates through the following segments: Property Developments, International, Shopping Centers, Offices, Hotels and Resorts, Construction, and Property Management and Others. The Property Developments segment involves in the sale of high-end and upper middle-income residential lots and units, affordable housing units and lots, economic housing and leisure community developments. The International segment includes development and sale of residential lots and units in MCT Berhad. The Shopping Centers segment involves in the development of shopping centers and lease to third parties of retail space and land therein; operation of movie theaters, food courts, entertainment facilities, gas stations and carparks. The Offices segment includes development and lease or sale of office buildings; sale of industrial lots and lease of factory building. The Hotels and Resorts segment comprises of development and management of hotels and resorts or serviced apartments and lease of land to hotel tenants. The Construction offers land development and construction of the Group and third-party projects. The Property Management and Others includes facilities management of the Group and third-party projects. The company was founded on June 30, 1988 and is headquartered in Makati City, Philippines.
Financial Highlights
| Dec 2022 | PHP | USD |
| Revenue | 124,794.29M | 2,288.91M |
| Gross Profit | 48,214.37M | 884.32M |
| Operating income | 40,809.29M | 748.50M |
| Income before tax | 26,790.25M | 491.37M |
| Net income | 18,617.23M | 341.46M |
| EBITDA | 50,498.01M | 926.21M |
| Diluted EPS | 1.25 | 0.02 |
| Dividends Per Share | -- | -- |
| Total Assets | 782,130.78M | 14,034.91M |
| Total liabilities | 485,989.99M | 8,720.82M |
| Total equity | 257,728.45M | 4,624.79M |
| Operating cash flow | 26,348.35M | 483.26M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
| Revenue | 165,291.25M | 166,897.70M | 95,294.41M | 105,067.67M | 124,794.29M |
| Gross Profit | 63,571.51M | 71,320.00M | 37,675.95M | 39,655.49M | 48,214.37M |
| Operating income | 54,704.41M | 61,908.62M | 29,109.85M | 32,520.74M | 40,809.29M |
| Income before tax | 45,201.02M | 49,863.88M | 14,466.70M | 19,444.97M | 26,790.25M |
| Net income | 29,240.88M | 33,188.39M | 8,727.15M | 12,228.14M | 18,617.23M |
| EBITDA | 60,639.31M | 70,783.64M | 38,682.43M | 41,420.72M | 50,498.01M |
| Diluted EPS | 1.98 | 2.24 | 0.58 | 0.82 | 1.25 |
| Dividends Per Share | 0.52 | 0.26 | 0.27 | 0.27 | -- |
| Total Assets | 671,195.93M | 715,801.45M | 723,757.13M | 747,749.00M | 782,130.78M |
| Total liabilities | 449,298.17M | 471,217.71M | 461,315.04M | 474,962.04M | 485,989.99M |
| Total equity | 188,976.40M | 212,928.20M | 224,802.61M | 234,905.40M | 257,728.45M |
| Operating cash flow | 11,767.91M | 36,012.23M | -12,507.49M | 8,450.91M | 26,348.35M |
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
| Revenue | 3,137.47M | 3,223.18M | 1,921.23M | 2,131.42M | 2,288.91M |
| Gross Profit | 1,206.68M | 1,377.35M | 759.58M | 804.45M | 884.32M |
| Operating income | 1,038.37M | 1,195.60M | 586.88M | 659.72M | 748.50M |
| Income before tax | 857.98M | 962.98M | 291.66M | 394.46M | 491.37M |
| Net income | 555.03M | 640.94M | 175.94M | 248.06M | 341.46M |
| EBITDA | 1,151.02M | 1,366.99M | 779.87M | 840.26M | 926.21M |
| Diluted EPS | 0.03 | 0.04 | 0.01 | 0.01 | 0.02 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Assets | 12,764.01M | 14,133.70M | 15,070.89M | 14,663.90M | 14,034.91M |
| Total liabilities | 8,544.22M | 9,304.32M | 9,606.02M | 9,314.35M | 8,720.82M |
| Total equity | 3,593.73M | 4,204.32M | 4,681.09M | 4,606.66M | 4,624.79M |
| Operating cash flow | 223.37M | 695.48M | -252.16M | 171.43M | 483.26M |
Valuation Measures
| Dec 2022 | |
| PER | 24.53 |
| ROA | 2.43% |
| ROE | 7.55% |
| Operating margin | 32.70% |
| Profit margin | 14.91% |
Key executives
- President, Chief Executive Officer & Director: Bernard Vincent Olmedo Dy
- Chief Financial & Compliance Officer, Treasurer: Augusto Cesar D. Bengzon
- VP, Chief Information & Data Protection Officer: Amelia Ann T. Alipao
- Senior Compliance Manager: Michelle Marie T. Valbuena
- Executive Vice President: Anna Maria Margarita Bautista Dy
Shareholders
- Ayala Corp. (50.8%)
- The Vanguard Group, Inc. (1.7%)
- APG Asset Management NV (1.2%)
- Norges Bank Investment Management (1.2%)
- BlackRock Fund Advisors (0.9%)
- Capital Research & Management Co. (World Investors) (0.9%)
- Abrdn Asia Ltd. (0.7%)
- BAMCO, Inc. (0.4%)
- Fidelity Management & Research Co. LLC (0.3%)
- Schroder Investment Management (Hong Kong) Ltd. (0.3%)
Contact Details
- Website:http://www.ayalaland.com.ph
- Address: Tower One & Exchange Plaza, Ayala Triangle, Makati City, 1226, Philippines
- Phone: +63.2.908.3000
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Competitors
- Robinsons Land Corp.
- JG Summit Holdings Inc.
- Megaworld Corp.
- SM Investments Corporation
- Filinvest Development Corporation
- Century Properties Group Inc.
- Alliance Global Group Inc.
- San Miguel Corp.
- Arthaland Corporation
- Filinvest Land Incorporated
- Vista Land & Lifescapes, Inc.
- Shang Properties, Inc.
- Rockwell Land Corp.
- Empire East Land Holdings Inc.
- Global-Estate Resorts, Inc.
- LT Group, Inc.
- Cityland Development Corporation
- 8990 Holdings, Inc.
- Aboitiz Equity Ventures Inc.
- Top Frontier Investment Holdings, Inc.
- Araneta Properties Inc.
- Keppel Philippines Properties, Inc.
- Vistamalls, Inc.
- RL Commercial REIT, Inc.
- Belle Corp.
- Megawide Construction Corporation
- Liberty Flour Mills Inc.
- A Brown Co., Inc.
- Roxas & Co., Inc.
- MREIT, Inc.
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