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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 2019 PHPUSD
Revenue208,262M4,022.02M
Gross Profit30,883M596.42M
Operating income11,762M227.15M
Income before tax11,777M227.44M
Net income16,586M320.31M
EBITDA20,632M398.45M
Diluted EPS80.831.56
Dividends Per Share30.05
Total Assets358,728M7,083.18M
Total liabilities169,408M3,345.00M
Total equity177,469M3,504.17M
Operating cash flow-982M-18.96M
Currency in PHPCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 133,966M 195,115M 230,704M 194,149M 208,262M
Gross Profit 24,059M 30,856M 32,306M 24,544M 30,883M
Operating income 15,209M 15,781M 17,056M 9,254M 11,762M
Income before tax 15,124M 22,197M 25,775M 9,277M 11,777M
Net income 10,396M 10,631M 14,182M 12,795M 16,586M
EBITDA 18,313M 20,807M 22,371M 16,601M 20,632M
Diluted EPS 62.18 55.74 65.02 58.47 80.83
Dividends Per Share 2.68 2.68 2.68 2.77 3
Total Assets 306,214M 266,880M 308,942M 358,782M 358,728M
Total liabilities 169,682M 125,642M 135,251M 177,954M 169,408M
Total equity 90,131M 114,805M 146,012M 156,141M 177,469M
Operating cash flow 5,128M 12,702M 14,297M 7,748M -982M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,942.17M 4,108.76M 4,576.13M 3,685.24M 4,022.02M
Gross Profit 528.38M 649.77M 640.80M 465.88M 596.42M
Operating income 334.02M 332.31M 338.31M 175.65M 227.15M
Income before tax 332.15M 467.42M 511.26M 176.09M 227.44M
Net income 228.31M 223.86M 281.30M 242.86M 320.31M
EBITDA 402.19M 438.15M 443.74M 315.11M 398.45M
Diluted EPS 1.36 1.17 1.28 1.10 1.56
Dividends Per Share 0.05 0.05 0.05 0.05 0.05
Total Assets 6,507.57M 5,368.46M 6,188.74M 6,822.89M 7,083.18M
Total liabilities 3,606.03M 2,527.37M 2,709.35M 3,384.12M 3,345.00M
Total equity 1,915.43M 2,309.37M 2,924.91M 2,969.30M 3,504.17M
Operating cash flow 112.62M 267.48M 283.58M 147.06M -18.96M

Valuation Measures

Dec 2019
PER10.47
ROA4.62%
ROE9.94%
Operating margin5.64%
Profit margin7.96%

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
  • SVP, Head-IR & Corporate Communications: Jose B. Crisol
  • VP, Head-Accounting & Financial Control: Reyna Rose P. Manon-og

Shareholders

  • TY FAMILY (55.9%)
  • Matthews International Capital Management LLC (3.0%)
  • Government Service Insurance System (2.3%)
  • The Vanguard Group, Inc. (1.6%)
  • Capital International, Inc. (Investment Management Singapore) (1.1%)
  • Norges Bank Investment Management (0.9%)
  • Social Security System (0.7%)
  • BlackRock Fund Advisors (0.7%)
  • M&G Investment Management Ltd. (0.6%)
  • Dimensional Fund Advisors LP (0.5%)

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.

Competitors

  • SM Investments Corporation
  • Empire East Land Holdings Inc.
  • D.M. Wenceslao & Associates, Inc.
  • San Miguel Corp.
  • Top Frontier Investment Holdings, Inc.
  • Golden Bria Holdings, Inc.
Last Updated on 20 Oct, 2020

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