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Transportation

Cebu Air, Inc.

  • 84.30 PHP
  • -0.40
  • -0.47%
  • Philippines
    May 20, 2019
  • Ticker
    PHS(CEB)
  • Prev. close
    84.70
  • Market cap (PHP)
    50,928.81M
  • Market cap (USD)
    968.04M
  • Shares
    601.28M

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.

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 has distribution channels which includes 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.

Financial Highlights

Dec 2018 PHPUSD
Revenue74,113.77M1,406.79M
Gross Profit15,058.96M285.84M
Operating income7,049.88M133.81M
Income before tax3,483.16M66.11M
Net income3,922.74M74.45M
EBITDA16,635.50M315.76M
Diluted EPS6.500.12
Dividends Per Share----
Total Assets129,391.48M2,460.61M
Total liabilities89,289.34M1,698.00M
Total equity40,102.13M762.61M
Operating cash flow15,360.07M291.55M
Currency in PHPCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 52,000.01M 56,501.65M 61,899.27M 68,029.13M 74,113.77M
Gross Profit 5,454.15M 11,252.36M 14,064.24M 12,244.98M 15,058.96M
Operating income 4,157.33M 9,700.22M 12,251.19M 10,134.27M 7,049.88M
Income before tax 782.30M 3,493.37M 9,537.85M 8,208.05M 3,483.16M
Net income 853.49M 4,387.22M 9,754.13M 7,907.84M 3,922.74M
EBITDA 8,438.86M 14,811.76M 19,370.99M 18,183.05M 16,635.50M
Diluted EPS 1.41 7.24 16.10 13.05 6.50
Dividends Per Share 1 1 1 2.88 --
Total Assets 78,029.64M 87,526.65M 103,456.56M 111,584.75M 129,391.48M
Total liabilities 56,490.84M 62,571.46M 69,951.28M 71,799.17M 89,289.34M
Total equity 21,538.80M 24,955.19M 33,505.27M 39,785.57M 40,102.13M
Operating cash flow 7,659.18M 12,496.16M 19,383.88M 17,919.94M 15,360.07M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,171.47M 1,240.89M 1,303.48M 1,349.39M 1,406.79M
Gross Profit 122.87M 247.12M 296.16M 242.88M 285.84M
Operating income 93.65M 213.03M 257.98M 201.01M 133.81M
Income before tax 17.62M 76.72M 200.84M 162.81M 66.11M
Net income 19.22M 96.35M 205.40M 156.85M 74.45M
EBITDA 190.11M 325.29M 407.91M 360.67M 315.76M
Diluted EPS 0.03 0.15 0.33 0.25 0.12
Dividends Per Share 0.02 0.02 0.02 0.05 --
Total Assets 1,744.36M 1,860.09M 2,081.09M 2,235.27M 2,460.61M
Total liabilities 1,262.85M 1,329.75M 1,407.11M 1,438.28M 1,698.00M
Total equity 481.50M 530.34M 673.98M 796.98M 762.61M
Operating cash flow 172.54M 274.44M 408.18M 355.45M 291.55M

Valuation Measures

Dec 2018
PER11.25
ROA3.25%
ROE9.82%
Operating margin9.51%
Profit margin5.29%

Key executives

  • President, CEO & Executive Director: Lance Yu Gokongwei
  • Chief Operating Officer: Michael Ivan S. Shau
  • Chief Financial Officer: Andrew L. Huang
  • Chief Information Officer: Laureen M. Cansana
  • Senior VP, Chief Strategy & Compliance Officer: Bach Johann M. Sebastian

Shareholders

  • JG Summit Holdings, Inc. (67.7%)
  • FIL Investment Management (Singapore) Ltd. (3.1%)
  • Dimensional Fund Advisors LP (1.2%)
  • The Vanguard Group, Inc. (0.9%)
  • FIL Investment Management (Hong Kong) Ltd. (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • Government Service Insurance System (0.5%)
  • BlackRock Japan Co., Ltd. (0.5%)
  • Norges Bank Investment Management (0.4%)
  • Fideuram Asset Management (Ireland) DAC (0.3%)

Contact Details

  • Website:http://www.cebupacificair.com
  • Address: Doña Juanita Marquez Lim Building, Osmeña Boulevard, Cebu, 6000, Philippines
  • Phone: +63.2.802.7060

Related Companies

  • 1aviation Groundhandling Services Corp.
  • South East Asian Airlines, Inc.

Competitors

  • PAL Holdings, Inc.
  • AirAsia Group Bhd.
  • Thai Airways International Public Co. Ltd.
  • Cathay Pacific Airways Limited
  • Qantas Airways Limited
  • Singapore Airlines Ltd.
  • Vietjet Aviation JSC
Last Updated on 20 May, 2019

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