Jollibee Foods Corp.
In the news
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- Jollibee to build 'cloud kitchens' to offset coronavirus pain May 22, 2020
- Jollibee's quest for global dominance derailed by virus May 1, 2020
- 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
Financial Highlights
| Dec 2019 | PHP | USD |
| Revenue | 179,626.18M | 3,469.00M |
| Gross Profit | 28,772.01M | 555.65M |
| Operating income | 6,713.43M | 129.65M |
| Income before tax | 9,460.17M | 182.69M |
| Net income | 6,432.43M | 124.22M |
| EBITDA | 20,186.67M | 389.85M |
| Diluted EPS | 5.82 | 0.11 |
| Dividends Per Share | 1.97 | 0.03 |
| Total Assets | 198,267.93M | 3,914.85M |
| Total liabilities | 145,968.88M | 2,882.19M |
| Total equity | 52,617.22M | 1,038.94M |
| Operating cash flow | 18,555.80M | 358.35M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 | |
| PER | 36.68 |
| ROA | 3.58% |
| ROE | 12.84% |
| Operating margin | 3.73% |
| Profit margin | 3.58% |
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. (24.8%)
- Honeysea Corp. (11.5%)
- Winall Holding Corp. (4.8%)
- Honeyworth Corp. (3.0%)
- 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
- Good Times Restaurants Inc.
- Shakey's Pizza Asia Ventures, Inc.
- Alliance Global Group Inc.
- FAT Brands Inc.
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 1 Dec, 2020
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