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 2022 | PHP | USD |
Revenue | 211,902.21M | 3,886.60M |
Gross Profit | 36,265.73M | 665.16M |
Operating income | 10,161.10M | 186.37M |
Income before tax | 11,183.53M | 205.12M |
Net income | 7,558.50M | 138.63M |
EBITDA | 25,759.69M | 472.47M |
Diluted EPS | 6.38 | 0.11 |
Dividends Per Share | 2.30 | 0.04 |
Total Assets | 245,828.49M | 4,411.25M |
Total liabilities | 185,178.26M | 3,322.92M |
Total equity | 62,220.76M | 1,116.51M |
Operating cash flow | 21,731.56M | 398.58M |
Currency in PHP | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 161,167.78M | 179,626.18M | 129,313.00M | 153,575.59M | 211,902.21M |
Gross Profit | 28,205.27M | 28,749.86M | 13,924.17M | 25,428.29M | 36,265.73M |
Operating income | 8,997.44M | 6,691.28M | -8,148.97M | 5,752.05M | 10,161.10M |
Income before tax | 10,408.45M | 10,542.56M | -12,211.32M | 6,186.84M | 11,183.53M |
Net income | 8,212.60M | 7,302.72M | -11,510.72M | 5,981.69M | 7,558.50M |
EBITDA | 20,883.19M | 20,186.67M | 6,419.76M | 19,234.31M | 25,759.69M |
Diluted EPS | 7.44 | 6.60 | -10.44 | 5.29 | 6.38 |
Dividends Per Share | 2.57 | 1.97 | 0.78 | 1.96 | 2.30 |
Total Assets | 150,530.05M | 187,459.94M | 210,827.30M | 210,855.40M | 245,828.49M |
Total liabilities | 101,516.78M | 134,073.02M | 173,366.26M | 156,918.87M | 185,178.26M |
Total equity | 47,512.28M | 53,487.51M | 38,556.43M | 55,618.72M | 62,220.76M |
Operating cash flow | 19,775.64M | 18,724.20M | -1,924.04M | 17,677.25M | 21,731.56M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 3,059.20M | 3,469.00M | 2,607.09M | 3,115.46M | 3,886.60M |
Gross Profit | 535.37M | 555.22M | 280.72M | 515.84M | 665.16M |
Operating income | 170.78M | 129.22M | -164.29M | 116.68M | 186.37M |
Income before tax | 197.56M | 203.60M | -246.19M | 125.50M | 205.12M |
Net income | 155.88M | 141.03M | -232.06M | 121.34M | 138.63M |
EBITDA | 396.39M | 389.85M | 129.42M | 390.19M | 472.47M |
Diluted EPS | 0.14 | 0.12 | -0.21 | 0.10 | 0.11 |
Dividends Per Share | 0.04 | 0.03 | 0.01 | 0.03 | 0.04 |
Total Assets | 2,862.60M | 3,701.45M | 4,390.08M | 4,135.02M | 4,411.25M |
Total liabilities | 1,930.52M | 2,647.31M | 3,610.02M | 3,077.29M | 3,322.92M |
Total equity | 903.53M | 1,056.12M | 802.86M | 1,090.72M | 1,116.51M |
Operating cash flow | 375.37M | 361.60M | -38.79M | 358.60M | 398.58M |
Valuation Measures
Dec 2022 | |
PER | 35.93 |
ROA | 3.31% |
ROE | 12.82% |
Operating margin | 4.79% |
Profit margin | 3.56% |
Management
- 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. (43.3%)
- CAKTIONG TONY TAN (5.4%)
- Honeyworth Corp. (2.2%)
- First Sentier Investors (Hong Kong) Ltd. (1.5%)
- First Sentier Investors (UK) IM Ltd. (1.5%)
- The Vanguard Group, Inc. (1.4%)
- Jollibee Foods Corp. (1.4%)
- Norges Bank Investment Management (1.3%)
- TAN UNTIONG WILLIAM (1.3%)
- TANMANTIONG ERNESTO SIAO (1.3%)
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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