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Producer Manufacturing

JG Summit Holdings, Inc.

  • 59.90 PHP
  • -0.80
  • -1.32%
  • Philippines
    May 24, 2019
  • Ticker
    PHS(JGS)
  • Prev. close
    60.70
  • Market cap (PHP)
    434,784M
  • Market cap (USD)
    8,333.99M
  • 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 2018 PHPUSD
Revenue281,734.17M5,347.74M
Gross Profit79,487.73M1,508.79M
Operating income35,103.47M666.31M
Income before tax33,041.29M627.17M
Net income19,186.04M364.18M
EBITDA55,670.75M1,056.71M
Diluted EPS2.670.05
Dividends Per Share----
Total Assets821,714.04M15,626.39M
Total liabilities454,236.18M8,638.13M
Total equity276,585.87M5,259.78M
Operating cash flow52,710.55M1,000.52M
Currency in PHPCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 177,564.64M 221,960.08M 232,326.59M 263,536.73M 281,734.17M
Gross Profit 57,601.93M 75,404.28M 81,253.99M 83,860.47M 79,487.73M
Operating income 30,384.53M 42,055.43M 44,109.57M 41,838.21M 35,103.47M
Income before tax 23,026.36M 29,852.82M 19,628.99M 45,020.50M 33,041.29M
Net income 18,245.14M 22,610.01M 10,917.97M 29,369.53M 19,186.04M
EBITDA 42,144.14M 56,495.19M 61,111.34M 60,774.94M 55,670.75M
Diluted EPS 2.58 3.13 1.52 4.09 2.67
Dividends Per Share 0.22 0.25 0.23 0.30 --
Total Assets 562,196.20M 600,015.69M 669,599.05M 742,347.23M 821,714.04M
Total liabilities 300,585.75M 312,690.03M 356,815.20M 395,927.68M 454,236.18M
Total equity 207,616.33M 223,390.52M 239,515.52M 267,837.35M 276,585.87M
Operating cash flow 23,505.10M 48,277.66M 63,713.69M 45,415.42M 52,710.55M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 4,000.22M 4,874.71M 4,892.37M 5,227.38M 5,347.74M
Gross Profit 1,297.67M 1,656.03M 1,711.06M 1,663.41M 1,508.79M
Operating income 684.51M 923.62M 928.86M 829.88M 666.31M
Income before tax 518.74M 655.63M 413.35M 893.00M 627.17M
Net income 411.03M 496.56M 229.91M 582.55M 364.18M
EBITDA 949.43M 1,240.75M 1,286.89M 1,205.50M 1,056.71M
Diluted EPS 0.05 0.06 0.03 0.08 0.05
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 12,567.95M 12,751.36M 13,469.42M 14,870.73M 15,626.39M
Total liabilities 6,719.62M 6,645.20M 7,177.57M 7,931.24M 8,638.13M
Total equity 4,641.28M 4,747.43M 4,818.01M 5,365.33M 5,259.78M
Operating cash flow 529.52M 1,060.27M 1,341.69M 900.83M 1,000.52M

Valuation Measures

Dec 2018
PER20.80
ROA2.45%
ROE7.04%
Operating margin12.45%
Profit margin6.80%

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%)
  • Government Service Insurance System (1.5%)
  • Gosotto & Co., Inc. (1.4%)
  • The Vanguard Group, Inc. (1.3%)
  • GOKONGWEI FAITH ONG (1.3%)

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 Digital Equity Ventures
  • 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.
  • Consolidated Robina Capital Corp.
  • 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.
  • PepsiCo, Inc.
  • Kraft Heinz Company
  • San Miguel Corp.
  • 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.
  • Thai Airways International Public Co. Ltd.
  • AirAsia Group Bhd.
  • Cathay Pacific Airways Limited
  • Qantas Airways Limited
  • Singapore Airlines Ltd.
  • Petron Corp.
  • Philippine Bank of Communications, Inc.
  • Accor SA
  • Malayan Banking Bhd.
  • Apollo Food Holdings Bhd.
Last Updated on 24 May, 2019

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