ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Producer Manufacturing

DMCI Holdings, Inc.

Company Background

DMCI Holdings is a major Philippine infrastructure conglomerate founded by Filipino-Chinese businessman Isidro Consunji, who served as transportation and public works minister during the Ferdinand Marcos administration in the 1970s. DMCI Holdings was incorporated on March 8, 1995, as a holding company of the Consunji family. It was listed on the Philippine Stock Exchange on Dec. 18 the same year.

The company has five operating subsidiaries, namely: D.M. Consunji (construction services), DMCI Project Developers (real estate development), Semirara Mining (coal mining), DMCI Mining (nickel mining), and DMCI Power (power generation). It also has affiliates in water distribution, DMCI-MPIC Water Company, and road infrastructure, Private Infra Dev.

The company is investing heavily in the expansion of its power generation capacity on the back of rising demand for electricity in the Philippines. The company is also evaluating plans for regional expansion. For instance, DMCI Homes officials in 2013 went to Myanmar to look for opportunities in the residential sector.

Business Summary

DMCI Holdings, Inc. engages in the provision of civil engineering and general construction services. It operates through the following segments: Construction and Others, Coal Mining, Nickel Mining, Real Estate, On-grid Power, Off-grid Power, and Water. The Construction & Others segment offers production and trading of concrete products, handling steel fabrication, and electrical and foundation works. The Coal Mining segment explores, mines, and develops coal resources in Semirara Island. The Nickel Mining segment mines and sells nickel ore from existing stockpile in Acoje and Berong mines. The Real Estate segment focuses in mid-income residential development under the DMCI Homes brand. The On-grid Power segment consists of power generation through coal-fired power plants. The Off-grid Power segment comprises of power generation through satellite power plants. The Water segment provides water services for the west portion of Metro Manila, Olongapo City, and Subic Bay Freeport. The company was founded by David M. Consunji on March 8, 1995 and is headquartered in Makati, Philippines.

Financial Highlights

Dec 2021 PHPUSD
Revenue108,342.86M2,197.86M
Gross Profit38,070.26M772.30M
Operating income24,453.84M496.07M
Income before tax25,813.95M523.66M
Net income18,394.23M373.14M
EBITDA33,263.80M674.79M
Diluted EPS1.380.02
Dividends Per Share0.480.00
Total Assets215,145.48M4,219.15M
Total liabilities106,298.87M2,084.59M
Total equity87,757.10M1,720.98M
Operating cash flow21,131.13M428.67M
Currency in PHPCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 80,702.74M 82,842.86M 87,761.22M 67,700.09M 108,342.86M
Gross Profit 32,757.28M 29,129.17M 26,383.39M 15,148.36M 38,070.26M
Operating income 21,624.81M 20,400.73M 16,154.20M 6,949.87M 24,453.84M
Income before tax 24,177.27M 23,054.32M 14,801.98M 7,206.55M 25,813.95M
Net income 14,764.55M 14,512.93M 10,533.13M 5,858.94M 18,394.23M
EBITDA 29,914.13M 30,392.19M 25,388.99M 15,126.31M 33,263.80M
Diluted EPS 1.11 1.09 0.79 0.44 1.38
Dividends Per Share 0.48 0.96 0.48 0.48 0.48
Total Assets 172,028.85M 182,404.71M 200,787.00M 204,393.53M 215,145.48M
Total liabilities 78,422.30M 85,325.25M 97,948.92M 103,190.76M 106,298.87M
Total equity 76,362.41M 78,542.52M 82,403.64M 81,646.32M 87,757.10M
Operating cash flow 22,179.48M 17,828.91M 24,746.48M 9,851.25M 21,131.13M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,600.77M 1,572.48M 1,694.87M 1,364.90M 2,197.86M
Gross Profit 649.75M 552.91M 509.52M 305.40M 772.30M
Operating income 428.93M 387.23M 311.97M 140.11M 496.07M
Income before tax 479.56M 437.60M 285.86M 145.29M 523.66M
Net income 292.86M 275.47M 203.41M 118.12M 373.14M
EBITDA 593.36M 576.88M 490.32M 304.96M 674.79M
Diluted EPS 0.02 0.02 0.01 0.00 0.02
Dividends Per Share 0.00 0.01 0.00 0.00 0.00
Total Assets 3,446.09M 3,468.75M 3,964.59M 4,256.11M 4,219.15M
Total liabilities 1,570.95M 1,622.61M 1,934.02M 2,148.75M 2,084.59M
Total equity 1,529.69M 1,493.62M 1,627.08M 1,700.13M 1,720.98M
Operating cash flow 439.94M 338.41M 477.91M 198.61M 428.67M

Valuation Measures

Dec 2021
PER5.56
ROA8.76%
ROE21.71%
Operating margin22.57%
Profit margin16.97%

Key executives

  • President & Director: Isidro Almeda Consunji
  • CFO, Executive Director & Chief Compliance Officer: Herbert M. Consunji
  • Treasurer & Executive Director: Maria Edwina C. Laperal
  • Deputy Chief Financial Officer: Joseph Adelbert V. Legasto
  • Finance Officer: Mary Grace M. Garcia

Shareholders

  • Dacon Corp. (50.0%)
  • DFC Holdings, Inc. (18.9%)
  • CONSUNJI ISIDRO ALMEDA (1.1%)
  • GOTIANUN MARIA CRISTINA C (1.1%)
  • The Vanguard Group, Inc. (0.8%)
  • LAPERAL MARIA EDWINA C (0.8%)
  • DMCI Retirement Plan (0.8%)
  • Dimensional Fund Advisors LP (0.4%)
  • Mellon Investments Corp. (0.3%)
  • BlackRock Fund Advisors (0.3%)

Contact Details

  • Website:http://www.dmciholdings.com
  • Address: Dacon Building, 2281 Chino Roces Avenue, Makati City, 1231, Philippines
  • Phone: +63.2.888.3000

Related Companies

  • Zambales Diversified Metals Corp.
  • DMCI Masbate Power Corp.
  • DMCI Mining Corp.
  • DMC Construction Equipment Resources, Inc.
  • DMCI Construction, Inc.
  • DMCI Power Corp.
  • DMCI Project Developers, Inc.
  • Dmci Homes, Inc.
  • D.M. Consunji, Inc.
  • Wire Rope Corp. of the Philippines
  • Semirara Mining & Power Corp.
  • ENK Limited

Competitors

  • Megawide Construction Corporation
  • D.M. Wenceslao & Associates, Inc.
  • Ayala Corp.
  • Aboitiz Equity Ventures Inc.
  • Century Properties Group Inc.
  • Coal Asia Holdings, Inc.
  • Cityland Development Corporation
  • Empire East Land Holdings Inc.
  • Aboitiz Power Corp.
  • Rockwell Land Corp.
  • Filinvest Development Corporation
  • Robinsons Land Corp.
  • JG Summit Holdings Inc.
  • SM Investments Corporation
Last Updated on 4 Oct, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more