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Consumer Services

Jollibee Foods Corp.

Company Background

Started by its chairman, Tony Tan Caktiong, as an ice cream parlor in 1975, Jollibee Foods is now one of Asia's top quick-service restaurant chains by market value. Jollibee, the company's flagship chain, has become a household name in the Philippines Its other quick-service restaurant brands include Chowking, which serves Asian cuisine; Greenwich, which does pizza; Red Ribbon, a bakery chain; and Mang Inasal, where the specialty is grilled chicken. The company also owns the Philippines franchise rights for Burger King.

Outside the Philippines, Jollibee Foods has affiliates that develop and operate international brands like Yonghe King, Hong Zhuang Yuan, San Pin Wang and 12 Hotpot. It has restaurants in Brunei, China, Hong Kong, Kuwait, Oman, Qatar, Saudi Arabia, Singapore, the U.S. and Vietnam.

The chains sell dishes that are prepared on-site and are based on original company recipes. The restaurants use company-specified ingredients and supplies, and follow company standards and procedures. Tan Caktiong, a chemical engineering graduate from the University of Santo Tomas in Manila, in August stepped down as Jollibee CEO and was replaced by his brother Ernesto Tanmantiong.

Business Summary

Jollibee Foods Corp. is engaged in developing, operating, and franchising fast food stores under the trade name Jollibee. The company operates through the following segments: Food Service, Franchising, and Leasing. The Food Service segment operates quick service restaurants and the manufacture of food products to be sold to Jollibee Group-owned and franchised QSR outlets. The Franchising segment franchises the Jollibee Group's QSR store concepts. The Leasing segment leases store sites mainly to the Jollibee Group's independent franchisees. Jollibee Foods was founded by Tony Tan Caktiong in 1975 and is headquartered in Pasig City, Philippines.

Financial Highlights

Dec 2019 PHPUSD
Revenue179,626.18M3,469.00M
Gross Profit28,772.01M555.65M
Operating income6,713.43M129.65M
Income before tax9,460.17M182.69M
Net income6,432.43M124.22M
EBITDA20,186.67M389.85M
Diluted EPS5.820.11
Dividends Per Share1.970.03
Total Assets198,267.93M3,914.85M
Total liabilities145,968.88M2,882.19M
Total equity52,617.22M1,038.94M
Operating cash flow18,555.80M358.35M
Currency in PHPCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 100,779.71M 113,811.47M 133,613.08M 161,167.78M 179,626.18M
Gross Profit 17,546.49M 20,542.73M 23,481.06M 28,205.27M 28,772.01M
Operating income 5,355.03M 6,825.22M 7,259.01M 8,997.44M 6,713.43M
Income before tax 6,624.02M 7,730.12M 8,339.51M 10,408.45M 9,460.17M
Net income 4,928.23M 6,164.73M 7,109.12M 8,212.60M 6,432.43M
EBITDA 8,780.70M 10,821.09M 12,004.17M 20,883.19M 20,186.67M
Diluted EPS 4.52 5.64 6.49 7.44 5.82
Dividends Per Share 1.83 2 2.32 2.57 1.97
Total Assets 65,646.92M 72,878.72M 90,264.97M 160,459.40M 198,267.93M
Total liabilities 33,873.15M 38,580.14M 47,665.81M 111,446.13M 145,968.88M
Total equity 30,640.40M 33,619.39M 40,799.81M 47,512.28M 52,617.22M
Operating cash flow 13,296.46M 14,527.67M 12,502.80M 19,775.64M 18,555.80M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,213.33M 2,396.66M 2,650.28M 3,059.20M 3,469.00M
Gross Profit 385.35M 432.59M 465.75M 535.37M 555.65M
Operating income 117.60M 143.72M 143.98M 170.78M 129.65M
Income before tax 145.47M 162.78M 165.41M 197.56M 182.69M
Net income 108.23M 129.81M 141.01M 155.88M 124.22M
EBITDA 192.84M 227.87M 238.10M 396.39M 389.85M
Diluted EPS 0.09 0.11 0.12 0.14 0.11
Dividends Per Share 0.04 0.04 0.04 0.04 0.03
Total Assets 1,395.11M 1,466.00M 1,808.19M 3,051.42M 3,914.85M
Total liabilities 719.86M 776.06M 954.84M 2,119.35M 2,882.19M
Total equity 651.16M 676.27M 817.30M 903.53M 1,038.94M
Operating cash flow 292.01M 305.92M 247.99M 375.37M 358.35M

Valuation Measures

Dec 2019
PER36.68
ROA3.58%
ROE12.84%
Operating margin3.73%
Profit margin3.58%

Key executives

  • President, CEO & Executive Director: Ernesto Tanmantiong
  • CFO, Compliance Officer & VP-Corporate Finance: Ysmael Villoso Baysa
  • Vice President & Head-Research & Development: Chuan Hua Yang
  • Vice President & Head-Corporate Legal: Valerie Feria Amante
  • Vice President & Comptroller-Worldwide: Marilou N. Sibayan

Shareholders

  • Hyper Dynamic Corp. (24.6%)
  • Honeysea Corp. (11.5%)
  • Winall Holding Corp. (4.8%)
  • Honeyworth Corp. (3.1%)
  • Kingsworth Corp. (2.6%)
  • Centregold Corp. (2.4%)
  • Government Service Insurance System (2.2%)
  • TANBUNTIONG GEMMA (1.9%)
  • Venice Corp. (1.5%)
  • A-Star Holding Corp. (1.5%)

Contact Details

  • Website:http://www.jollibee.com.ph
  • Address: 10/F, Jollibee Plaza Building, No. 10 F. Ortigas Jr. Avenue, Pasig City, 1605, Philippines
  • Phone: +63.2.634.1111

Related Companies

  • Jollibee Worldwide Pte Ltd. (Singapore)
  • Jollibee Foods Corp. (USA)
  • BK Titans, Inc.
  • Jollibee Hong Kong Ltd.
  • Adgraphix, Inc.
  • Wuhan Yonghe King Food & Beverage Co. Ltd.
  • Shenzhen Yong He King Food & Beverage Co. Ltd.
  • Beijing Yong He King Food & Beverage Co. Ltd.
  • Tianjin Yong He King Food & Beverage Co. Ltd.
  • Hangzhou Yongtong Food & Beverage Co. Ltd.
  • Hangzhou Yonghe Food & Beverage Co. Ltd.
  • Shanghai Yong He King Food & Beverage Management Co. Ltd.
  • Guangxi San Pin Wang Food & Beverage Co. Ltd.
  • Beijing New Hongzhuangyuan Food & Beverage Management Co. Ltd
  • Jollibee (China) Food & Beverage Management Co. Ltd.
  • Southsea Binaries Ltd.
  • Golden Plate Pte Ltd.
  • Chanceux, Inc.
  • RRB Holdings, Inc.
  • Tokyo Teriyaki Corp.
  • Jollibee Foods Processing Pte Ltd.
  • Coffeetap Corp.
  • Mang Inasal Philippines, Inc.
  • Jollibee Vietnam Corp. Ltd.
  • Vismin Foods Corp.
  • Zenith Foods Corp.
  • Mary's Foods Corp.
  • Grandworth Resources Corp.
  • Tokyo Terriyaki Corp.
  • Jollibee International (BVI) Ltd.

Competitors

  • Restaurant Brands International Inc
  • Yum! Brands, Inc.
  • McDonald's Corporation
  • Max's Group Inc
  • Shakey's Pizza Asia Ventures, Inc.
  • Good Times Restaurants Inc.
  • Alliance Global Group Inc.
  • FAT Brands Inc.
Last Updated on 18 Sep, 2020

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