LT Group, Inc.

17.70 PHP
+0.38
+2.19%

Philippines
Aug 16, 2018
Ticker
PHS(LTG)
Prev. close
17.32
Market cap (PHP)
187,426.45M
Market cap (USD)
3,505.06M
Shares
10,821.38M

In the news

All-star Philippine conglomerates contest to upgrade 'worst' airport Mar 9, 2018
Singapore eyes 30% stake in Manila airport expansion Feb 22, 2018
Philippine consortium proposes $6.75bn bid to transform Manila's airport Feb 13, 2018
Duterte thinks big on Philippine infrastructure Jan 25, 2018
Duterte has three words on infrastructure: 'Build, Build, Build' Jan 23, 2018

Company Background

LT Group was formed through the consolidation of businesses controlled by Lucio Tan, the Philippines' second-richest man in 2013, according to Forbes magazine. The listed conglomerate was previously known as Tanduay Holdings, which held Tan's spirits business. In 2012, shareholders approved the company's transformation from a liquor maker into a holding company called LT Group.

In addition to its liquor business, operated by its Tanduay subsidiary, LT is also active in tobacco, through its Fortune Tobacco unit, financial services, through Philippine National Bank, and real estate development, through Eton Properties Philippines. Tan, through companies he own, also has majority ownership in flag carrier Philippine Airlines and in-flight service provider MacroAsia Corp., but these companies are not yet included in LT Group.

Tan holds a chemical engineering from Far Eastern University in Manila. Known for his philanthropy, Tan has also been involved in legal disputes with the government, particularly over tax issues. LT Group is managed by Tan's son, Michael, who serves as president of the conglomerate. The younger Tan previously ran Asia Brewery.

Business Summary

LT Group, Inc. engages in diversified business activities, including distilled spirits, beverages, tobacco, property development and banking. It operates through five segments: Banking, Distilled Spirits, Beverage, Tobacco, and Property Development. The Banking segment provides full range of banking and other financial services to corporate, middle market and retail customers. The Distilled Spirits segment involves in manufacturing, compounding, bottling, importing, buying and selling of rum, brandy, whiskey, gin, and other liquor products. The Beverage segment engages in brewing and soft drinks and bottled water manufacturing in the Philippines. The Tobacco segment supplies and manufactures of cigarettes, casings, tobacco, packaging, labels and filters. The Property Development segment engages in ownership, development, leasing and management of residential properties. The company was founded on May 27, 1937 and is headquartered in Taguig, Philippines.

Financial Highlights

Dec 2017	PHP	USD
Revenue	63,780.40M	1,265.11M
Gross Profit	31,983.78M	634.41M
Operating income	5,557.68M	110.23M
Income before tax	18,077.71M	358.58M
Net income	10,830.77M	214.83M
EBITDA	9,279.41M	184.06M
Diluted EPS	1	0.01
Dividends Per Share	0.15	0.00
Total Assets	917,095.68M	18,371.30M
Total liabilities	721,780.27M	14,458.73M
Total equity	148,314.50M	2,971.04M
Operating cash flow	5,711.62M	113.29M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	55,791.93M	52,125.47M	51,473.18M	57,800.00M	63,780.40M
Gross Profit	27,128.02M	25,062.35M	27,606.08M	29,627.40M	31,983.78M
Operating income	5,593.86M	2,449.15M	6,081.23M	3,855.61M	5,557.68M
Income before tax	9,879.77M	8,312.51M	12,217.53M	12,935.65M	18,077.71M
Net income	8,669.22M	4,410.23M	6,312.69M	9,342.67M	10,830.77M
EBITDA	9,628.07M	6,004.15M	9,073.18M	7,117.57M	9,279.41M
Diluted EPS	0.85	0.41	0.61	0.82	1
Dividends Per Share	0.15	0.15	0.15	0.15	0.15
Total Assets	678,450.22M	702,363.92M	755,136.79M	834,466.97M	917,095.68M
Total liabilities	528,679.62M	539,641.72M	585,378.70M	655,862.39M	721,780.27M
Total equity	117,535.51M	124,227.89M	128,876.01M	136,097.98M	148,314.50M
Operating cash flow	37,618.03M	-25,010.84M	3,672.20M	33,837.97M	5,711.62M

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	1,313.69M	1,174.29M	1,130.45M	1,217.16M	1,265.11M
Gross Profit	638.76M	564.61M	606.28M	623.89M	634.41M
Operating income	131.71M	55.17M	133.55M	81.19M	110.23M
Income before tax	232.63M	187.26M	268.32M	272.40M	358.58M
Net income	204.12M	99.35M	138.63M	196.73M	214.83M
EBITDA	226.70M	135.26M	199.26M	149.88M	184.06M
Diluted EPS	0.02	0.00	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	0.00
Total Assets	15,286.43M	15,701.42M	16,047.96M	16,785.85M	18,371.30M
Total liabilities	11,911.89M	12,063.75M	12,440.30M	13,193.10M	14,458.73M
Total equity	2,648.24M	2,777.12M	2,738.83M	2,737.70M	2,971.04M
Operating cash flow	885.76M	-563.45M	80.64M	712.56M	113.29M

Valuation Measures

Dec 2017
PER	18.74
ROA	1.23%
ROE	7.61%
Operating margin	8.71%
Profit margin	16.98%

Key executives

Chairman & Chief Executive Officer: Lucio Chua Tan
President, COO & Executive Director: Michael Gonzales Tan
Chief Financial Officer: Jose Gabriel D. Olives
Secretary & Compliance Officer: Maria Cecilia L. Pesayco
Deputy Chief Financial Officer: Nestor C. Mendones

Shareholders

Tangent Holdings Corp. (74.3%)
Dragon Castle Holdings Ltd. (1.8%)
FIL Investment Management (Singapore) Ltd. (1.7%)
Hinner Resources Ltd. (1.4%)
Advance Goal Ltd. (1.4%)
FIL Investment Management (Hong Kong) Ltd. (1.1%)
Absolute Classic Ltd. (0.8%)
Eastspring Investments (Singapore) Ltd. (0.8%)
The Vanguard Group, Inc. (0.8%)
FIL Investment Advisors (UK) Ltd. (0.7%)

Contact Details

Website:http://www.ltg.com.ph
Address: Bench Tower, 30th St. Corner Rizal Drive, Taguig, 1634, Philippines
Phone: +63.2.808.1266

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Competitors

San Miguel Corp.
Emperador Inc.
Megaworld Corp.
Ayala Land Inc.
Robinsons Land Corp.
PepsiCo, Inc.
Filinvest Land Incorporated
Ginebra San Miguel, Inc.
British American Tobacco p.l.c.
Diageo plc
Vitasoy International Holdings Limited
Japan Tobacco Inc.
Lam Soon (Thailand) Public Co. Ltd.
Coca-Cola Company
Taisho Pharmaceutical Holdings Co., Ltd.
PT Kalbe Farma Tbk
JG Summit Holdings Inc.
Top Frontier Investment Holdings, Inc.
SM Investments Corporation
Alliance Global Group Inc.

Last Updated on 16 Aug, 2018

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LT Group, Inc.

Philippines

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