Jollibee Foods Corp.

In the news

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Asian shares rebound even as Wuhan coronavirus fears linger Feb 4, 2020

See more articles on 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. engages in the development, operation, and franchising fast food stores under the trade name Jollibee. It 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. The company was founded by Tony Tan Caktiong in 1975 and is headquartered in Pasig City, Philippines.

Financial Highlights

Dec 2021	PHP	USD
Revenue	153,575.59M	3,115.46M
Gross Profit	25,428.29M	515.84M
Operating income	5,752.05M	116.68M
Income before tax	6,186.84M	125.50M
Net income	5,981.69M	121.34M
EBITDA	19,234.31M	390.19M
Diluted EPS	5.29	0.10
Dividends Per Share	1.96	0.03
Total Assets	210,855.40M	4,135.02M
Total liabilities	156,918.87M	3,077.29M
Total equity	55,618.72M	1,090.72M
Operating cash flow	17,677.25M	358.60M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	133,613.08M	161,167.78M	179,626.18M	129,313.00M	153,575.59M
Gross Profit	23,481.06M	28,205.27M	28,749.86M	13,924.17M	25,428.29M
Operating income	7,259.01M	8,997.44M	6,691.28M	-8,148.97M	5,752.05M
Income before tax	8,339.51M	10,408.45M	10,542.56M	-12,211.32M	6,186.84M
Net income	7,109.12M	8,212.60M	7,302.72M	-11,510.72M	5,981.69M
EBITDA	12,004.17M	20,883.19M	20,186.67M	6,419.76M	19,234.31M
Diluted EPS	6.49	7.44	6.60	-10.44	5.29
Dividends Per Share	2.32	2.57	1.97	0.78	1.96
Total Assets	89,801.07M	150,530.05M	187,459.94M	210,827.30M	210,855.40M
Total liabilities	47,201.91M	101,516.78M	134,073.02M	173,366.26M	156,918.87M
Total equity	40,799.81M	47,512.28M	53,487.51M	38,556.43M	55,618.72M
Operating cash flow	12,502.80M	19,775.64M	18,724.20M	-1,924.04M	17,677.25M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	2,650.28M	3,059.20M	3,469.00M	2,607.09M	3,115.46M
Gross Profit	465.75M	535.37M	555.22M	280.72M	515.84M
Operating income	143.98M	170.78M	129.22M	-164.29M	116.68M
Income before tax	165.41M	197.56M	203.60M	-246.19M	125.50M
Net income	141.01M	155.88M	141.03M	-232.06M	121.34M
EBITDA	238.10M	396.39M	389.85M	129.42M	390.19M
Diluted EPS	0.12	0.14	0.12	-0.21	0.10
Dividends Per Share	0.04	0.04	0.03	0.01	0.03
Total Assets	1,798.89M	2,862.60M	3,701.45M	4,390.08M	4,135.02M
Total liabilities	945.55M	1,930.52M	2,647.31M	3,610.02M	3,077.29M
Total equity	817.30M	903.53M	1,056.12M	802.86M	1,090.72M
Operating cash flow	247.99M	375.37M	361.60M	-38.79M	358.60M

Valuation Measures

Dec 2021
PER	40.81
ROA	2.83%
ROE	12.70%
Operating margin	3.74%
Profit margin	3.89%

Key executives

President, CEO & Executive Director: Ernesto Siao Tanmantiong
Chief Financial Officer: Richard Shin
Chief Compliance Officer: Valerie Feria Amante
Vice President & Comptroller-Worldwide: Marilou N. Sibayan
Chief Procurement Officer: Susana K. Tanmantiong

Shareholders

Hyper Dynamic Corp. (43.5%)
Honeysea Corp. (4.5%)
Government Service Insurance System (2.2%)
Honeyworth Corp. (1.7%)
First Sentier Investors (Hong Kong) Ltd. (1.6%)
Norges Bank Investment Management (1.6%)
First Sentier Investors (UK) IM Ltd. (1.5%)
Winall Holding Corp. (1.3%)
The Vanguard Group, Inc. (1.1%)
CAKTIONG TONY TAN (1.0%)

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

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Last Updated on 1 Dec, 2022