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Consumer Non-Durables

LT Group, Inc.

  • 19.50 PHP
  • +0.24
  • +1.25%
  • Philippines
    Apr 26, 2018
  • Ticker
    PHS(LTG)
  • Prev. close
    19.26
  • Market cap (PHP)
    208,419.95M
  • Market cap (USD)
    3,993.86M
  • Shares
    10,821.38M

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 PHPUSD
Revenue63,780.40M1,265.11M
Gross Profit31,983.78M634.41M
Operating income5,557.68M110.23M
Income before tax18,077.71M358.58M
Net income10,830.77M214.83M
EBITDA9,279.41M184.06M
Diluted EPS10.01
Dividends Per Share0.150.00
Total Assets917,095.68M18,371.30M
Total liabilities721,780.27M14,458.73M
Total equity148,314.50M2,971.04M
Operating cash flow5,711.62M113.29M
Currency in PHPCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 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 2013Dec 2014Dec 2015Dec 2016Dec 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
PER18.74
ROA1.23%
ROE7.61%
Operating margin8.71%
Profit margin16.98%

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. (1.2%)
  • Eastspring Investments (Singapore) Ltd. (0.9%)
  • FIL Investment Advisors (UK) Ltd. (0.9%)
  • Absolute Classic Ltd. (0.8%)
  • The Vanguard Group, Inc. (0.8%)

Contact Details

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

Related Companies

  • Horizon Global Investments Ltd.
  • Buona Sorte Holdings, Inc.
  • Key Landmark Investments Ltd.
  • True Success Profits Ltd.
  • Paramount Landequities, Inc.
  • Tanduay Brands International, Inc.
  • Unimark Investments Corp.
  • Fast Return Enterprises Ltd.
  • Fragile Touch Investment Ltd.
  • Mavelstone International Ltd.
  • Donfar Management Ltd.
  • Uttermost Success Ltd.
  • Tanduay Distillers, Inc.

Competitors

  • San Miguel Corp.
  • PepsiCo, Inc.
  • Diageo plc
  • Megaworld Corp.
  • Ayala Land Inc.
  • Robinsons Land Corp.
  • Coca-Cola Company
  • Filinvest Land Incorporated
  • Ginebra San Miguel, Inc.
  • British American Tobacco p.l.c.
  • Vitasoy International Holdings Limited
  • Japan Tobacco Inc.
  • Lam Soon (Thailand) Public Co. Ltd.
  • Taisho Pharmaceutical Holdings Co., Ltd.
  • PT Kalbe Farma Tbk
  • Top Frontier Investment Holdings, Inc.
  • SM Investments Corporation
  • Alliance Global Group Inc.
  • Emperador Inc.
Last Updated on 26 Apr, 2018

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