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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
Revenue166,908.81M3,223.39M
Gross Profit15,288.69M295.26M
Operating income-6,625.62M-127.95M
Income before tax8,930.50M172.46M
Net income6,334.35M122.33M
EBITDA4,044.32M78.10M
Diluted EPS5.730.11
Dividends Per Share----
Total Assets171,938.12M3,394.96M
Total liabilities120,440.95M2,378.14M
Total equity49,901.30M985.31M
Operating cash flow10,645.26M205.58M
Currency in PHPCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 100,779.71M 113,811.47M 133,613.08M 161,199.38M 166,908.81M
Gross Profit 17,546.49M 20,542.73M 23,481.06M 26,761.90M 15,288.69M
Operating income 5,355.03M 6,825.22M 7,259.01M 7,554.07M -6,625.62M
Income before tax 6,624.02M 7,730.12M 8,339.51M 10,490.58M 8,930.50M
Net income 4,928.23M 6,164.73M 7,109.12M 8,329.88M 6,334.35M
EBITDA 8,780.70M 10,821.09M 12,004.17M 13,463.83M 4,044.32M
Diluted EPS 4.52 5.64 6.49 7.54 5.73
Dividends Per Share 1.83 2 2.32 2.57 --
Total Assets 65,646.92M 72,878.72M 90,264.97M 114,388.84M 171,938.12M
Total liabilities 33,873.15M 38,580.14M 47,665.81M 64,453.51M 120,440.95M
Total equity 30,640.40M 33,619.39M 40,799.81M 48,380.72M 49,901.30M
Operating cash flow 13,296.46M 14,527.67M 12,502.80M 12,796.63M 10,645.26M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,213.33M 2,396.66M 2,650.28M 3,059.80M 3,223.39M
Gross Profit 385.35M 432.59M 465.75M 507.98M 295.26M
Operating income 117.60M 143.72M 143.98M 143.38M -127.95M
Income before tax 145.47M 162.78M 165.41M 199.12M 172.46M
Net income 108.23M 129.81M 141.01M 158.11M 122.33M
EBITDA 192.84M 227.87M 238.10M 255.56M 78.10M
Diluted EPS 0.09 0.11 0.12 0.14 0.11
Dividends Per Share 0.04 0.04 0.04 0.04 --
Total Assets 1,395.11M 1,466.00M 1,808.19M 2,175.31M 3,394.96M
Total liabilities 719.86M 776.06M 954.84M 1,225.70M 2,378.14M
Total equity 651.16M 676.27M 817.30M 920.04M 985.31M
Operating cash flow 292.01M 305.92M 247.99M 242.89M 205.58M

Valuation Measures

Dec 2019
PER37.25
ROA4.42%
ROE12.89%
Operating margin-3.96%
Profit margin3.79%

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. (24.9%)
  • Honeysea Corp. (11.6%)
  • Winall Holding Corp. (4.9%)
  • Honeyworth Corp. (3.6%)
  • Kingsworth Corp. (2.6%)
  • Centregold Corp. (2.5%)
  • Government Service Insurance System (2.3%)
  • 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. Rad, 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

  • Yum! Brands, Inc.
  • McDonald's Corporation
  • Wendy's Company
  • Max's Group, Inc.
  • Shakey's Pizza Asia Ventures, Inc.
  • Good Times Restaurants Inc.
  • Alliance Global Group Inc.
  • FAT Brands Inc.
  • Habit Restaurants, Inc. Class A
Last Updated on 26 Feb, 2020

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