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Consumer Durables

GT Capital Holdings, Inc.

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 2021 PHPUSD
Revenue163,466M3,316.10M
Gross Profit22,430M455.01M
Operating income11,251M228.23M
Income before tax5,005M101.53M
Net income10,983M222.80M
EBITDA13,439M272.62M
Diluted EPS48.340.98
Dividends Per Share30.06
Total Assets397,794M7,801.02M
Total liabilities192,715M3,779.28M
Total equity194,044M3,805.34M
Operating cash flow18,125M367.68M
Currency in PHPCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 230,704M 194,149M 208,262M 128,058M 163,466M
Gross Profit 32,306M 24,544M 30,883M 22,306M 22,430M
Operating income 20,450M 14,655M 18,215M 10,316M 11,251M
Income before tax 25,775M 9,277M 11,777M 3,968M 5,005M
Net income 14,182M 12,795M 16,586M 6,546M 10,983M
EBITDA 22,371M 16,601M 20,632M 12,833M 13,439M
Diluted EPS 65.02 58.47 80.83 27.70 48.34
Dividends Per Share 2.68 2.77 3 3 3
Total Assets 308,942M 357,666M 357,654M 384,980M 397,794M
Total liabilities 135,251M 176,838M 168,334M 192,795M 192,715M
Total equity 146,012M 156,141M 177,469M 183,300M 194,044M
Operating cash flow 14,297M 7,748M -982M -5,771M 18,125M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 4,576.13M 3,685.24M 4,022.02M 2,581.78M 3,316.10M
Gross Profit 640.80M 465.88M 596.42M 449.71M 455.01M
Operating income 405.63M 278.17M 351.77M 207.98M 228.23M
Income before tax 511.26M 176.09M 227.44M 79.99M 101.53M
Net income 281.30M 242.86M 320.31M 131.97M 222.80M
EBITDA 443.74M 315.11M 398.45M 258.72M 272.62M
Diluted EPS 1.28 1.10 1.56 0.55 0.98
Dividends Per Share 0.05 0.05 0.05 0.06 0.06
Total Assets 6,188.74M 6,801.67M 7,061.98M 8,016.49M 7,801.02M
Total liabilities 2,709.35M 3,362.89M 3,323.80M 4,014.59M 3,779.28M
Total equity 2,924.91M 2,969.30M 3,504.17M 3,816.88M 3,805.34M
Operating cash flow 283.58M 147.06M -18.96M -116.34M 367.68M

Valuation Measures

Dec 2021
PER11.16
ROA2.80%
ROE5.82%
Operating margin6.88%
Profit margin6.71%

Key executives

  • President & Executive Director: Carmelo Maria Luza Bautista
  • Chief Financial Officer & Executive Vice President: Francisco H. Suarez
  • Vice President, Head-Legal & Compliance: Renee Lynn Miciano-Atienza
  • Senior Legal & Compliance Officer: Maria Sofia Arbrera Lopez
  • SVP, Head-Investor Relations & Communications: Jose B. Crisol

Shareholders

  • TY FAMILY (55.9%)
  • The Vanguard Group, Inc. (1.4%)
  • Swedbank Robur Fonder AB (1.1%)
  • Capital International, Inc. (Investment Management Singapore) (1.1%)
  • BlackRock Fund Advisors (1.0%)
  • M&G Investment Management Ltd. (0.7%)
  • Dimensional Fund Advisors LP (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • FIL Investment Management (Hong Kong) Ltd. (0.2%)
  • Ruffer (Asia) Ltd. (0.2%)

Contact Details

  • Website:http://www.gtcapital.com.ph
  • Address: GT Tower International, 6813 Ayala Avenue Corner, Makati, 1227, Philippines
  • Phone: +63.8.836.4500

Related Companies

  • GT Capital Auto Dealership Holdings, Inc.
  • GBH Power Resources, Inc.
  • Property Co. of Friends, Inc.
  • Toyota Motor Philippines Corp.
  • Toyota Manila Bay Corp.
  • Federal Land, Inc.

Competitors

  • SM Investments Corporation
  • San Miguel Corp.
  • D.M. Wenceslao & Associates, Inc.
  • DDMP REIT, Inc.
  • Empire East Land Holdings Inc.
  • Golden MV Holdings.Inc
  • Philippine Estates Corporation
  • Top Frontier Investment Holdings, Inc.
Last Updated on 4 Oct, 2022

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