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Consumer Durables

GT Capital Holdings, Inc.

  • 910.00 PHP
  • +21.00
  • +2.36%
  • Philippines
    Aug 16, 2018
  • Ticker
    PHS(GTCAP)
  • Prev. close
    889.00
  • Market cap (PHP)
    177,211.10M
  • Market cap (USD)
    3,314.03M
  • Shares
    199.33M

Company Background

GT Capital Holdings is the holding company of tycoon George S.K. Ty. The Filipino-Chinese businessman started building his empire in his 20s when he opened Metropolitan Bank & Trust in 1962. The conglomerate went public in 2012, and its initial public offering raised nearly 22 billion pesos ($520 million), making it the biggest equity transaction in the Philippines that year.

As well as its crown jewel, Metrobank, the group is also into property development through Federal Land; power generation (Global Business Power); automotive (Toyota Motor Philippines); life insurance (Philippine AXA Life Insurance); and nonlife insurance (Charter Ping An Insurance).

Recently, GT Capital, ran by Ty's son Alfred, has focused on power generation amid a looming power shortage in the Philippines. At the same time, the company had been beefing up its property development as demand grows in the residential and office sectors.

Business Summary

GT Capital Holdings, Inc. engages in banking, real estate development, power generation, automotive and life insurance business. It operates through the following segments: Real Estate, Financial Institutions, Automotive Operations, Infrastructure, and Others. The Real Estate segment is involved in real estate and leasing, development and selling of properties of every kind and description, as well as ancillary trading of goods such as petroleum, non-fuel products on wholesale or retail basis, maintenance of a petroleum service station, engaging in food and restaurant service and acting as a marketing agent for and in behalf of any real estate development company or companies. The Financial Institutions segment relates to the banking and insurance industry and financing institution. The Automotive Operations segment is the assembly, manufacture, importation, sale and distribution of all kinds of automobiles including automobile parts, accessories, and instruments. The Infrastructure segment includes water distribution, toll operation, power sector, hospitals, and rail. The Others segment is responsible for the other corporate activities of the Group such as capital raising activities, acquisitions, and investments. The company was founded by George Siao Kian Ty on July 26, 2007 and is headquartered in Makati, Philippines.

Financial Highlights

Dec 2017 PHPUSD
Revenue230,704M4,576.13M
Gross Profit32,306M640.80M
Operating income17,056M338.31M
Income before tax25,775M511.26M
Net income14,182M281.30M
EBITDA22,371M443.74M
Diluted EPS70.221.39
Dividends Per Share2.890.05
Total Assets308,942M6,188.74M
Total liabilities135,251M2,709.35M
Total equity146,012M2,924.91M
Operating cash flow14,297M283.58M
Currency in PHPCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 99,890.31M 139,612.62M 133,966M 195,115M 230,704M
Gross Profit 20,588.62M 28,199.74M 24,059M 30,856M 32,306M
Operating income 10,813.31M 14,362.39M 15,209M 15,781M 17,056M
Income before tax 10,746.11M 14,441.24M 15,124M 22,197M 25,775M
Net income 8,640.18M 9,152.61M 10,396M 10,631M 14,182M
EBITDA 17,084.94M 20,806.11M 18,313M 20,807M 22,371M
Diluted EPS 48.01 50.73 67.15 60.20 70.22
Dividends Per Share 5.79 2.89 2.89 2.89 2.89
Total Assets 192,359.84M 218,263.12M 306,214M 266,880M 308,942M
Total liabilities 99,796.09M 112,321.22M 169,682M 125,642M 135,251M
Total equity 70,525.43M 79,347.07M 90,131M 114,805M 146,012M
Operating cash flow 7,481.02M -4,744.39M 5,128M 12,702M 14,297M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,352.04M 3,145.23M 2,942.17M 4,108.76M 4,576.13M
Gross Profit 484.78M 635.29M 528.38M 649.77M 640.80M
Operating income 254.61M 323.56M 334.02M 332.31M 338.31M
Income before tax 253.03M 325.33M 332.15M 467.42M 511.26M
Net income 203.44M 206.19M 228.31M 223.86M 281.30M
EBITDA 402.28M 468.72M 402.19M 438.15M 443.74M
Diluted EPS 1.13 1.14 1.47 1.26 1.39
Dividends Per Share 0.13 0.06 0.06 0.06 0.05
Total Assets 4,334.13M 4,879.29M 6,507.57M 5,368.46M 6,188.74M
Total liabilities 2,248.54M 2,510.95M 3,606.03M 2,527.37M 2,709.35M
Total equity 1,589.03M 1,773.81M 1,915.43M 2,309.37M 2,924.91M
Operating cash flow 176.15M -106.88M 112.62M 267.48M 283.58M

Valuation Measures

Dec 2017
PER17.77
ROA4.92%
ROE10.87%
Operating margin7.39%
Profit margin6.14%

Key executives

  • President & Executive Director: Carmelo Maria Luza Bautista
  • Chief Financial Officer & Executive Vice President: Francisco H. Suarez
  • VP & Head-Legal & Compliance: Renee Lynn Miciano-Atienza
  • VP, Head-Accounting & Financial Control: Reyna Rose P. Manon-og
  • VP, Head-Human Resources & Administration: Susan E. Cornelio

Shareholders

  • TY FAMILY (57.8%)
  • Matthews International Capital Management LLC (2.4%)
  • The Vanguard Group, Inc. (1.5%)
  • Norges Bank Investment Management (1.5%)
  • T. Rowe Price International Ltd. (1.4%)
  • Lazard Asset Management LLC (1.3%)
  • Capital Research & Management Co. (World Investors) (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • FIL Investment Management (Hong Kong) Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.3%)

Contact Details

  • Website:http://www.gtcapital.com.ph
  • Address: GT Tower International, 6813 Ayala Avenue Corner, Makati, 1227, Philippines
  • Phone: +63.2.836.4500

Related Companies

  • GBH Power Resources, Inc.
  • Property Co. of Friends, Inc.
  • Toyota Motor Philippines Corp.
  • Toyota Manila Bay Corp.
  • Toyota Cubao, Inc.
  • Federal Land, Inc.
  • Global Business Power Corp.

Competitors

  • Empire East Land Holdings Inc.
  • SM Investments Corporation
  • San Miguel Corp.
  • Top Frontier Investment Holdings, Inc.
Last Updated on 16 Aug, 2018

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