Cebu Air, Inc.

71.30 PHP
-0.35
-0.49%

Philippines
Aug 17, 2018
Ticker
PHS(CEB)
Prev. close
71.65
Market cap (PHP)
43,326M
Market cap (USD)
811.19M
Shares
604.69M

In the news

All-star Philippine conglomerates contest to upgrade 'worst' airport Mar 9, 2018
Philippines' JG Summit to quadruple banking assets Jan 11, 2018
Philippine conglomerates report healthy earnings amid robust economy Nov 10, 2017
Nikkei Asia300 Index falls as U.S. tax plan disappoints investors Nov 10, 2017
CEO in the news: Dennis Uy rides the Philippine president's coattails to success Aug 24, 2017

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 2017	PHP	USD
Revenue	68,029.13M	1,349.39M
Gross Profit	12,244.98M	242.88M
Operating income	10,134.27M	201.01M
Income before tax	8,208.05M	162.81M
Net income	7,907.84M	156.85M
EBITDA	18,183.05M	360.67M
Diluted EPS	13.05	0.25
Dividends Per Share	2.88	0.05
Total Assets	111,584.75M	2,235.27M
Total liabilities	71,799.17M	1,438.28M
Total equity	39,785.57M	796.98M
Operating cash flow	17,919.94M	355.45M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	41,004.09M	52,000.01M	56,501.65M	61,899.27M	68,029.13M
Gross Profit	3,516.35M	5,454.15M	11,252.36M	14,064.24M	12,244.98M
Operating income	2,404.41M	4,157.33M	9,700.22M	12,251.19M	10,134.27M
Income before tax	-14.15M	782.30M	3,493.37M	9,537.85M	8,208.05M
Net income	511.94M	853.49M	4,387.22M	9,754.13M	7,907.84M
EBITDA	5,859.05M	8,438.86M	14,811.76M	19,370.99M	18,183.05M
Diluted EPS	0.84	1.41	7.24	16.10	13.05
Dividends Per Share	1	1	1	1	2.88
Total Assets	69,026.73M	78,029.64M	87,526.65M	103,456.56M	111,584.75M
Total liabilities	47,945.15M	56,490.84M	62,571.46M	69,951.28M	71,799.17M
Total equity	21,081.57M	21,538.80M	24,955.19M	33,505.27M	39,785.57M
Operating cash flow	4,042.18M	7,659.18M	12,496.16M	19,383.88M	17,919.94M

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	965.49M	1,171.47M	1,240.89M	1,303.48M	1,349.39M
Gross Profit	82.79M	122.87M	247.12M	296.16M	242.88M
Operating income	56.61M	93.65M	213.03M	257.98M	201.01M
Income before tax	-0.33M	17.62M	76.72M	200.84M	162.81M
Net income	12.05M	19.22M	96.35M	205.40M	156.85M
EBITDA	137.95M	190.11M	325.29M	407.91M	360.67M
Diluted EPS	0.01	0.03	0.15	0.33	0.25
Dividends Per Share	0.02	0.02	0.02	0.02	0.05
Total Assets	1,555.26M	1,744.36M	1,860.09M	2,081.09M	2,235.27M
Total liabilities	1,080.27M	1,262.85M	1,329.75M	1,407.11M	1,438.28M
Total equity	474.99M	481.50M	530.34M	673.98M	796.98M
Operating cash flow	95.17M	172.54M	274.44M	408.18M	355.45M

Valuation Measures

Dec 2017
PER	7.66
ROA	7.35%
ROE	21.57%
Operating margin	14.89%
Profit margin	11.62%

Key executives

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

Shareholders

JG Summit Holdings, Inc. (67.2%)
FIL Investment Management (Singapore) Ltd. (1.8%)
Norges Bank Investment Management (1.6%)
Dimensional Fund Advisors LP (1.2%)
The Vanguard Group, Inc. (0.8%)
FIL Investment Management (Hong Kong) Ltd. (0.8%)
BlackRock Fund Advisors (0.5%)
Fideuram Asset Management (Ireland) Ltd. (0.3%)
SSgA Funds Management, Inc. (0.2%)
SEB Investment Management AB (0.2%)

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.
Cathay Pacific Airways Limited
Thai Airways International Public Co. Ltd.
Qantas Airways Limited
Singapore Airlines Ltd.
Vietjet Aviation JSC

Last Updated on 17 Aug, 2018

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Cebu Air, Inc.

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