ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Finance

First Pacific Co. Ltd.

Business Summary

First Pacific Co. Ltd. operates as an investment management holding company. It operates through following four segments: Telecommunications, Infrastructure, Consumer Food Products and Natural Resources. The Telecommunications segment offers wireless, fixed line and business process outsourcing services. The Infrastructure segment focuses on infrastructure development services. The Consumer Food Products segment engages in the manufacture, processing and distribution of food and agribusiness products, including noodles, dairy, food seasonings, snack foods, nutrition and special foods, flour, pasta, oil palm, rubber, sugar cane, cocoa, tea plantations, cooking oils, margarine and shortening. The Natural Resources segment is engaged in the exploration, development and management of mineral and energy resources in Philippines. The company was founded by Manuel Velez Pangilinan in May 1981 and is headquartered in Hong Kong.

Financial Highlights

Dec 2019 HKDUSD
Revenue63,110.16M8,054.69M
Gross Profit19,054.41M2,431.89M
Operating income8,925.07M1,139.09M
Income before tax1,981.52M252.89M
Net income-1,989.35M-253.89M
EBITDA13,102.80M1,672.29M
Diluted EPS-0.45-0.05
Dividends Per Share0.130.01
Total Assets170,504.06M21,882.50M
Total liabilities102,263.47M13,124.50M
Total equity22,819.84M2,928.70M
Operating cash flow13,525.11M1,726.19M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 49,903.31M 52,621.69M 56,862.62M 60,681.40M 63,110.16M
Gross Profit 8,274.32M 9,365.40M 16,562.07M 16,943.98M 19,054.41M
Operating income 5,986.53M 6,951.28M 7,613.58M 7,839.11M 8,925.07M
Income before tax 4,496.49M 6,086.54M 6,890.40M 7,063.97M 1,981.52M
Net income 540.35M 744.41M 942.15M 1,032.98M -1,989.35M
EBITDA 8,589.07M 9,790.78M 10,895.91M 11,453.00M 13,102.80M
Diluted EPS 0.14 0.21 0.21 0.23 -0.45
Dividends Per Share 0.13 0.13 0.13 0.13 0.13
Total Assets 133,294.82M 133,473.57M 159,898.96M 163,645.15M 170,504.06M
Total liabilities 76,452.12M 71,182.44M 91,556.21M 95,448.38M 102,263.47M
Total equity 23,794.51M 24,127.80M 25,227.20M 24,142.58M 22,819.84M
Operating cash flow 6,396.64M 7,607.20M 8,249.47M 7,774.06M 13,525.11M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 6,437.00M 6,778.99M 7,296.79M 7,742.39M 8,054.69M
Gross Profit 1,067.30M 1,206.49M 2,125.29M 2,161.89M 2,431.89M
Operating income 772.20M 895.49M 976.99M 1,000.19M 1,139.09M
Income before tax 580.00M 784.09M 884.19M 901.29M 252.89M
Net income 69.70M 95.89M 120.89M 131.79M -253.89M
EBITDA 1,107.90M 1,261.29M 1,398.19M 1,461.29M 1,672.29M
Diluted EPS 0.01 0.02 0.02 0.03 -0.05
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 17,198.99M 17,215.39M 20,454.49M 20,901.50M 21,882.50M
Total liabilities 9,864.59M 9,181.09M 11,711.99M 12,191.10M 13,124.50M
Total equity 3,070.19M 3,111.99M 3,227.09M 3,083.60M 2,928.70M
Operating cash flow 825.10M 979.99M 1,058.59M 991.89M 1,726.19M

Valuation Measures

Dec 2019
PER--
ROA-1.19%
ROE-8.47%
Operating margin14.14%
Profit margin-3.15%

Key executives

  • CEO, Managing Director & Executive Director: Manuel Velez Pangilinan
  • Chief Financial Officer & Executive Director: Christopher H. Young
  • Executive VP & Group Financial Controller: P. C. Chan
  • Secretary & Vice President: L. M. Li
  • Associate Director: John William Ryan

Shareholders

  • SALIM ANTHONI (44.3%)
  • Brandes Investment Partners LP (7.9%)
  • Seafarer Capital Partners LLC (2.2%)
  • PANGILINAN MANUEL VELEZ (1.6%)
  • The Vanguard Group, Inc. (1.4%)
  • Dimensional Fund Advisors LP (1.4%)
  • M&G Investment Management Ltd. (1.3%)
  • Prusik Investment Management LLP (1.1%)
  • Invesco Advisers, Inc. (0.7%)
  • BlackRock Fund Advisors (0.5%)

Contact Details

  • Website:http://www.firstpacco.com
  • Address: 8 Connaught Place Central, 24th Floor Two Exchange Square, Hong Kong
  • Phone: +852.2842.4388

Related Companies

  • Asian Assets Management Pte Ltd.
  • First Pacific Natural Resources Holdings BV
  • Oceanica Developments Ltd.
  • FPC Treasury Ltd.
  • FPC Finance Ltd.
  • Maxella Ltd. /Philex/
  • Kirtman Ltd.
  • First Pacific Management Services Ltd.
  • First Pacific Enterprise Holdings BV
  • FPT Finance Ltd.
  • FPMH Finance Ltd.
  • Metro Pacific Assets Holdings, Inc.
  • Crogan Ltd.
  • Enterprise Investment Holdings, Inc.
  • First Pacific Capital (1997) Ltd.
  • First Pacific Brands Ltd.
  • First Philippine Infrastructure Development Corp.
  • First Pacific Capital Ltd.
  • CAB Holdings Ltd.
  • Asia Link BV
  • Larouge BV
  • Manudax Belgium NV
  • PT Indofood Sukses Makmur Tbk

Competitors

    Last Updated on 27 Nov, 2020

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends October 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to Nikkei Asia has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media

    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