ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Producer Manufacturing

JG Summit Holdings, Inc.

  • 53.50 PHP
  • +0.50
  • +0.94%
  • Philippines
    Aug 15, 2018
  • Ticker
    PHS(JGS)
  • Prev. close
    53.00
  • Market cap (PHP)
    379,630.59M
  • Market cap (USD)
    7,096.56M
  • Shares
    7,162.84M

Company Background

JG Summit Holdings is the umbrellas company for Filipino-Chinese tycoon John Gokongwei's business ventures. Gonkongwei was the Philippines' fifth-richest man in 2013, according to media outlet Forbes. The conglomerate has interests in food and beverages (Universal Robina), property development (Robinsons Land), aviation (Cebu Air), financial services (Robinsons Bank) and petrochemicals (JG Summit Olefins).

Universal Robina is one of the country's leading snack and beverage manufacturers. It operates production facilities in Malaysia, Indonesia, Thailand, Vietnam, and will soon do so in Myanmar. Robinsons Land is the country's second biggest mall developer; Cebu Pacific is the Philippines' largest budget carrier. At present, the company is headed by Gokongwei's brother, CEO James Go. The tycoon's son, Lance, is the conglomerate's president and chief operating officer. Lance, who runs Cebu Pacific, Universal Robina and Robinsons Land, has a double degree in finance and applied science from the University of Pennsylvania.

JG Summit also has around 27% stake in power distribution company Manila Electric, which it bought from San Miguel last year. It also has an 8% stake in Philippines Long Distance Telephone after the dominant carrier merged with the then Gokongwei-led Digital Telecommunications Philippines via a share-swap agreement.

Business Summary

JG Summit Holdings, Inc. is a holding company, which engages in the manufacture and distribution of agro-industrial products, and the provision of real estate development and management services. It operates through the following segments: Food, Agro-Industrial and Commodities; Air Transportation; Real estate and Hotels; Petrochemicals; Banking; and Other Supplementary Business. The Food, Agro-Industrial & Commodities segment produces snack, pre-mixed, canned and frozen foods. The Real Estate and Hotels segment deals with the development and leasing of residential and commercial spaces. The Petrochemicals segment manufactures polyethylene and polypropylene. The Banking segment operates commercial and thrift banks. The Other Supplementary Business segment provides printing services, textile insurance brokering, foreign exchange and securities dealing. The company was founded by John L. Gokongwei, Jr. on November 23, 1990 and is headquartered in Pasig City, Philippines.

Financial Highlights

Dec 2017 PHPUSD
Revenue263,536.73M5,227.38M
Gross Profit83,860.47M1,663.41M
Operating income41,838.21M829.88M
Income before tax45,020.50M893.00M
Net income29,369.53M582.55M
EBITDA60,774.94M1,205.50M
Diluted EPS4.100.08
Dividends Per Share0.300.00
Total Assets742,347.23M14,870.73M
Total liabilities395,927.68M7,931.24M
Total equity267,837.35M5,365.33M
Operating cash flow45,415.42M900.83M
Currency in PHPCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 148,064.73M 177,564.64M 221,960.08M 232,326.59M 263,536.73M
Gross Profit 45,424.67M 57,601.93M 75,404.28M 81,253.99M 83,860.47M
Operating income 23,121.78M 30,384.53M 42,055.43M 44,109.57M 41,838.21M
Income before tax 17,494.79M 23,026.36M 29,852.82M 19,628.99M 45,020.50M
Net income 10,434.13M 18,245.14M 22,610.01M 10,917.97M 29,369.53M
EBITDA 33,153.09M 42,144.14M 56,495.19M 61,111.34M 60,774.94M
Diluted EPS 1.52 2.58 3.13 1.52 4.10
Dividends Per Share 0.20 0.22 0.25 0.23 0.30
Total Assets 473,620.20M 562,196.20M 600,015.69M 669,599.05M 742,347.23M
Total liabilities 237,753.16M 300,585.75M 312,690.03M 356,815.20M 395,927.68M
Total equity 186,176.20M 207,616.33M 223,390.52M 239,515.52M 267,837.35M
Operating cash flow 43,778.75M 23,505.10M 48,277.66M 63,713.69M 45,415.42M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,486.36M 4,000.22M 4,874.71M 4,892.37M 5,227.38M
Gross Profit 1,069.58M 1,297.67M 1,656.03M 1,711.06M 1,663.41M
Operating income 544.43M 684.51M 923.62M 928.86M 829.88M
Income before tax 411.93M 518.74M 655.63M 413.35M 893.00M
Net income 245.68M 411.03M 496.56M 229.91M 582.55M
EBITDA 780.63M 949.43M 1,240.75M 1,286.89M 1,205.50M
Diluted EPS 0.03 0.05 0.06 0.03 0.08
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 10,671.32M 12,567.95M 12,751.36M 13,469.42M 14,870.73M
Total liabilities 5,356.91M 6,719.62M 6,645.20M 7,177.57M 7,931.24M
Total equity 4,194.81M 4,641.28M 4,747.43M 4,818.01M 5,365.33M
Operating cash flow 1,030.82M 529.52M 1,060.27M 1,341.69M 900.83M

Valuation Measures

Dec 2017
PER17.58
ROA4.16%
ROE11.57%
Operating margin15.87%
Profit margin11.14%

Key executives

  • Chief Executive Officer & Executive Director: Lance Yu Gokongwei
  • Chief Financial Officer: Francisco M. del Mundo
  • Compliance Officer: Arlene Sta. Rosa-Denzon
  • Senior Vice President & General Counsel: Maria Celia H. Fernandez-Estavillo
  • Treasurer & Vice President: Aldrich T. Javellana

Shareholders

  • Gokongwei Brothers Foundation, Inc. (27.8%)
  • GOKONGWEI LANCE YU (7.5%)
  • Ego Investments Holdings Ltd. (3.7%)
  • GOKONGWEI PE ROBINA Y (2.5%)
  • GO JAMES L (2.0%)
  • GOKONGWEI CHENG LIZA YU (1.9%)
  • Gosotto & Co., Inc. (1.4%)
  • GOKONGWEI FAITH ONG (1.3%)
  • GOKONGWEI MARCIA (1.3%)
  • The Vanguard Group, Inc. (0.8%)

Contact Details

  • Website:http://www.jgsummit.com.ph
  • Address: Robinsons Equitable Tower, ADB Avenue corner Poveda Road, Pasig City, 1600, Philippines
  • Phone: +63.2.633.7631

Related Companies

  • Jg Petrochemical Corp.
  • Jg Summit Holdings Philippines Ltd.
  • Summit Point Services Ltd.
  • Summit Internet Investments, Inc.
  • Cambridge Electronics Corp.
  • JG Summit Olefins Corp.
  • JGSH Philippines Ltd.
  • JG Summit Capital Services Corp.
  • Robinsons Bank Corp.
  • Unicon Insurance Brokers Corp.
  • CP Air Holdings, Inc.
  • Batangas Agro-Industrial Development Corp.
  • Summit Forex Brokers Corp.
  • Multinational Finance Group Ltd.
  • Robinsons Savings Bank
  • First Private Power Corp.
  • JG Summit Capital Markets Corp.
  • Cebu Air Inc.
  • JG Summit Petrochemical Corp.
  • JG Summit Ltd.
  • Summit Top Investments Ltd.
  • Litton Mills, Inc.
  • Express Holdings, Inc.
  • JG Summit (Cayman) Ltd.
  • Telegraph Developments Ltd.
  • JG Summit Philippines Ltd.
  • Robinsons Land Corp.
  • Universal Robina Corp.

Competitors

  • SM Investments Corporation
  • Century Properties Group Inc.
  • San Miguel Corp.
  • PepsiCo, Inc.
  • Kraft Heinz Company
  • LT Group, Inc.
  • CJ CheilJedang Corporation
  • Nestle S.A.
  • San Miguel Food & Beverage, Inc.
  • PT Mayora Indah Tbk
  • Aboitiz Equity Ventures Inc.
  • Mondelez International, Inc. Class A
  • Megaworld Corp.
  • Rockwell Land Corp.
  • SM Prime Holdings, Inc.
  • Ayala Land Inc.
  • Del Monte Pacific Limited
  • Filinvest Land Incorporated
  • PAL Holdings, Inc.
  • Vista Land & Lifescapes, Inc.
  • Cathay Pacific Airways Limited
  • Thai Airways International Public Co. Ltd.
  • AirAsia Group Bhd.
  • Wyndham Destinations, Inc.
  • Qantas Airways Limited
  • Singapore Airlines Ltd.
  • Petron Corp.
  • Philippine Bank of Communications, Inc.
  • Accor SA
  • Malayan Banking Bhd.
Last Updated on 15 Aug, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

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