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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 2020 PHPUSD
Revenue67,700.09M1,364.90M
Gross Profit15,148.36M305.40M
Operating income6,949.87M140.11M
Income before tax7,206.55M145.29M
Net income5,858.94M118.12M
EBITDA15,126.31M304.96M
Diluted EPS0.440.00
Dividends Per Share0.480.00
Total Assets204,791.32M4,264.39M
Total liabilities103,588.55M2,157.03M
Total equity81,646.32M1,700.13M
Operating cash flow9,851.25M198.61M
Currency in PHPCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 68,287.48M 80,702.74M 82,842.86M 87,761.22M 67,700.09M
Gross Profit 26,360.62M 32,757.28M 29,129.17M 26,383.39M 15,148.36M
Operating income 17,632.44M 21,624.81M 20,400.73M 16,154.20M 6,949.87M
Income before tax 20,512.98M 24,177.27M 23,054.32M 14,801.98M 7,206.55M
Net income 12,680.49M 14,764.55M 14,512.93M 10,533.13M 5,858.94M
EBITDA 24,145.14M 29,914.13M 30,392.19M 25,388.99M 15,126.31M
Diluted EPS 0.96 1.11 1.09 0.79 0.44
Dividends Per Share 0.48 0.48 0.96 0.48 0.48
Total Assets 156,062.51M 172,028.85M 182,744M 200,921.13M 204,791.32M
Total liabilities 72,317.91M 78,422.30M 85,664.54M 98,083.05M 103,588.55M
Total equity 67,995.87M 76,362.41M 78,542.52M 82,403.64M 81,646.32M
Operating cash flow 20,380.49M 22,179.48M 17,828.91M 24,746.48M 9,851.25M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,438.00M 1,600.77M 1,572.48M 1,694.87M 1,364.90M
Gross Profit 555.10M 649.75M 552.91M 509.52M 305.40M
Operating income 371.30M 428.93M 387.23M 311.97M 140.11M
Income before tax 431.96M 479.56M 437.60M 285.86M 145.29M
Net income 267.02M 292.86M 275.47M 203.41M 118.12M
EBITDA 508.45M 593.36M 576.88M 490.32M 304.96M
Diluted EPS 0.02 0.02 0.02 0.01 0.00
Dividends Per Share 0.01 0.00 0.01 0.00 0.00
Total Assets 3,139.30M 3,446.09M 3,475.21M 3,967.24M 4,264.39M
Total liabilities 1,454.72M 1,570.95M 1,629.06M 1,936.67M 2,157.03M
Total equity 1,367.78M 1,529.69M 1,493.62M 1,627.08M 1,700.13M
Operating cash flow 429.17M 439.94M 338.41M 477.91M 198.61M

Valuation Measures

Dec 2020
PER12.82
ROA2.88%
ROE7.14%
Operating margin10.26%
Profit margin8.65%

Key executives

  • President & Director: Isidro Almeda Consunji
  • CFO, Executive Director & Chief Compliance Officer: Herbert M. Consunji
  • Treasurer & Executive Director: Maria Edwina C. Laperal
  • Non-Executive Director & Assistant Treasurer: Maria Cristina C. Gotianun
  • Investor Relations Officer: Hannah Cecille L. Chan

Shareholders

  • Dacon Corp. (49.8%)
  • DFC Holdings, Inc. (17.9%)
  • CONSUNJI ISIDRO ALMEDA (1.1%)
  • GOTIANUN MARIA CRISTINA C (1.0%)
  • The Vanguard Group, Inc. (0.8%)
  • DMCI Retirement Plan (0.8%)
  • LAPERAL MARIA EDWINA C (0.8%)
  • Berit Holding Corp. (0.7%)
  • Dimensional Fund Advisors LP (0.4%)
  • CONSUNJI JORGE A (0.2%)

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

  • EEI Corporation
  • Aboitiz Equity Ventures Inc.
  • Megawide Construction Corporation
  • Ayala Corp.
  • D.M. Wenceslao & Associates, Inc.
  • Coal Asia Holdings, Inc.
  • Empire East Land Holdings Inc.
  • Filinvest Land Incorporated
  • Cityland Development Corporation
  • Rockwell Land Corp.
  • Robinsons Land Corp.
  • SM Investments Corporation
  • JG Summit Holdings Inc.
Last Updated on 13 Apr, 2021

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