ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Consumer Durables

GT Capital Holdings, Inc.

  • 859.00 PHP
  • -3.00
  • -0.35%
  • Philippines
    Apr 17, 2019
  • Ticker
    PHS(GTCAP)
  • Prev. close
    862.00
  • Market cap (PHP)
    171,829M
  • Market cap (USD)
    3,319.40M
  • 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 2018 PHPUSD
Revenue204,080M3,873.74M
Gross Profit28,555M542.01M
Operating income10,538M200.02M
Income before tax22,077M419.05M
Net income13,390M254.16M
EBITDA17,599M334.05M
Diluted EPS64.321.22
Dividends Per Share30.05
Total Assets360,866M6,862.52M
Total liabilities178,579M3,396.00M
Total equity157,377M2,992.81M
Operating cash flow8,870M168.36M
Currency in PHPCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 139,612.62M 133,966M 195,115M 230,704M 204,080M
Gross Profit 28,199.74M 24,059M 30,856M 32,306M 28,555M
Operating income 14,362.39M 15,209M 15,781M 17,056M 10,538M
Income before tax 14,441.24M 15,124M 22,197M 25,775M 22,077M
Net income 9,152.61M 10,396M 10,631M 14,182M 13,390M
EBITDA 20,806.11M 18,313M 20,807M 22,371M 17,599M
Diluted EPS 50.73 67.15 60.20 70.22 64.32
Dividends Per Share 2.89 2.89 2.89 2.89 3
Total Assets 218,263.12M 306,214M 266,880M 308,942M 360,866M
Total liabilities 112,321.22M 169,682M 125,642M 135,251M 178,579M
Total equity 79,347.07M 90,131M 114,805M 146,012M 157,377M
Operating cash flow -4,744.39M 5,128M 12,702M 14,297M 8,870M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,145.23M 2,942.17M 4,108.76M 4,576.13M 3,873.74M
Gross Profit 635.29M 528.38M 649.77M 640.80M 542.01M
Operating income 323.56M 334.02M 332.31M 338.31M 200.02M
Income before tax 325.33M 332.15M 467.42M 511.26M 419.05M
Net income 206.19M 228.31M 223.86M 281.30M 254.16M
EBITDA 468.72M 402.19M 438.15M 443.74M 334.05M
Diluted EPS 1.14 1.47 1.26 1.39 1.22
Dividends Per Share 0.06 0.06 0.06 0.05 0.05
Total Assets 4,879.29M 6,507.57M 5,368.46M 6,188.74M 6,862.52M
Total liabilities 2,510.95M 3,606.03M 2,527.37M 2,709.35M 3,396.00M
Total equity 1,773.81M 1,915.43M 2,309.37M 2,924.91M 2,992.81M
Operating cash flow -106.88M 112.62M 267.48M 283.58M 168.36M

Valuation Measures

Dec 2018
PER15.15
ROA3.99%
ROE8.82%
Operating margin5.16%
Profit margin6.56%

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 (55.9%)
  • Matthews International Capital Management LLC (2.5%)
  • The Vanguard Group, Inc. (1.6%)
  • Norges Bank Investment Management (1.5%)
  • Lazard Asset Management LLC (1.3%)
  • BlackRock Fund Advisors (1.0%)
  • T. Rowe Price International Ltd. (0.9%)
  • Capital International, Inc. (Investment Management Singapore) (0.6%)
  • Dimensional Fund Advisors LP (0.4%)
  • BlackRock Japan Co., Ltd. (0.4%)

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 17 Apr, 2019

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.

Get Unlimited access

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 April 19th

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 the Nikkei Asian Review 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