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Retail Trade

SM Investments Corp.

  • 930.00 PHP
  • 0.00
  • 0.00%
  • Philippines
    Aug 16, 2018
  • Ticker
    PHS(SM)
  • Prev. close
    930.00
  • Market cap (PHP)
    1,120.26B
  • Market cap (USD)
    20,950.05M
  • Shares
    1,204.58M

Company Background

SM Investments is the Philippines' largest conglomerate by market value. It was founded by Filipino-Chinese tycoon Henry Sy in a Manila shoe shop in the 1950s. Now, SM Investments' subsidiaries are among the biggest players in their sectors.

SM Retail is the Philippines largest retailer, operating department stores and supermarkets across the country. BDO Unibank is the Philippines' largest lender by assets, with more than 800 branches. SM Prime Holdings became the country's biggest real estate company by market value when the Sy family consolidated property assets under SM Prime, which used to be a mall builder and operator. SM Investments also has interests in China Banking, gaming and leisure company Belle, Atlas Mining and office lessor The Net Group.

The conglomerate is managed by Sy's children, Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley.

Business Summary

SM Investments Corp. operates as a holding company. The company is engaged in financial services, retail, banking and properties in the Philippines. The company operates through the following segments: Property, Retail and Financial Services & Others. The Property segment is involved in mall, residential and commercial development, hotels and convention centers operations. The Retail segment is engaged in the retail and wholesale trading of merchandise, such as dry goods, wearing apparels, food and other merchandise. The financial services & Others segment engages in asset management and capital investments, and associates which are involved in financial services. SM Investments was founded by Henry Sy, Sr. on January 15, 1960 and is headquartered in Pasay, Philippines.

Financial Highlights

Dec 2017 PHPUSD
Revenue379,508.42M7,527.74M
Gross Profit137,531.72M2,728.01M
Operating income58,869.97M1,167.71M
Income before tax65,291.23M1,295.08M
Net income32,923.45M653.05M
EBITDA72,890.86M1,445.82M
Diluted EPS27.340.54
Dividends Per Share8.200.16
Total Assets960,080.70M19,232.38M
Total liabilities506,268.48M10,141.59M
Total equity328,132.73M6,573.17M
Operating cash flow44,909.52M890.80M
Currency in PHPCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 239,549.37M 263,390.29M 318,502.92M 348,412.53M 379,508.42M
Gross Profit 79,071.88M 89,036.00M 108,980.74M 121,502.28M 137,531.72M
Operating income 37,541.67M 39,233.48M 47,241.42M 52,884.83M 58,869.97M
Income before tax 30,057.30M 33,239.52M 40,067.12M 59,316.59M 65,291.23M
Net income 27,445.68M 28,398.58M 28,865.15M 31,204.30M 32,923.45M
EBITDA 47,055.25M 50,141.10M 59,087.77M 65,745.98M 72,890.86M
Diluted EPS 23.23 23.77 24.08 25.91 27.34
Dividends Per Share 6.89 7.07 7.08 7.77 8.20
Total Assets 632,994.16M 711,884.60M 785,492.41M 861,462.38M 960,080.70M
Total liabilities 332,753.32M 361,936.20M 401,504.55M 446,715.11M 506,268.48M
Total equity 219,433.81M 257,004.11M 280,031.54M 300,483.38M 328,132.73M
Operating cash flow 25,904.26M 13,620.77M 55,205.44M 40,156.76M 44,909.52M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 5,640.48M 5,933.73M 6,994.99M 7,336.93M 7,527.74M
Gross Profit 1,861.84M 2,005.82M 2,393.44M 2,558.61M 2,728.01M
Operating income 883.96M 883.86M 1,037.52M 1,113.65M 1,167.71M
Income before tax 707.73M 748.82M 879.95M 1,249.09M 1,295.08M
Net income 646.24M 639.77M 633.93M 657.10M 653.05M
EBITDA 1,107.97M 1,129.59M 1,297.69M 1,384.49M 1,445.82M
Diluted EPS 0.54 0.53 0.52 0.54 0.54
Dividends Per Share 0.16 0.15 0.15 0.16 0.16
Total Assets 14,262.24M 15,914.25M 16,693.07M 17,328.88M 19,232.38M
Total liabilities 7,497.39M 8,091.12M 8,532.66M 8,985.97M 10,141.59M
Total equity 4,944.15M 5,745.35M 5,951.15M 6,044.42M 6,573.17M
Operating cash flow 609.94M 306.85M 1,212.42M 845.62M 890.80M

Valuation Measures

Dec 2017
PER36.21
ROA3.61%
ROE10.47%
Operating margin15.51%
Profit margin8.67%

Key executives

  • Chairman, Chief Financial Officer & Executive VP: Jose T. Sio
  • President, CEO & Executive Director: Frederic Cuyegkeng DyBuncio
  • Senior Vice President-Information Technology: Wilson H. Go
  • Senior VP, Chief Risk & Compliance Officer: Wellington Palmero
  • Treasurer & Senior Vice President: Grace F. Roque

Shareholders

  • SY HANS T (8.1%)
  • SY HERBERT T (8.1%)
  • SY HARLEY TAN (7.2%)
  • SY HENRY T JR (7.2%)
  • SY COSON TERESITA T (7.0%)
  • SY ELIZABETH T (5.8%)
  • SY HENRY SR FAMILY (3.8%)
  • SY FELICIDAD T (3.2%)
  • SY HENRY SR (2.8%)
  • OppenheimerFunds, Inc. (2.4%)

Contact Details

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  • Belleshares Holdings, Inc.
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Competitors

  • Robinsons Retail Holdings, Inc.
  • JG Summit Holdings Inc.
  • Puregold Price Club Inc.
  • Robinsons Land Corp.
  • Filinvest Development Corporation
  • Ayala Corp.
  • LT Group, Inc.
  • Megaworld Corp.
  • Ayala Land Inc.
  • Alliance Global Group Inc.
  • DoubleDragon Properties Corp.
  • Aboitiz Equity Ventures Inc.
  • San Miguel Corp.
  • Union Bank of the Philippines
  • Vista Land & Lifescapes, Inc.
  • Bank of the Philippine Islands
  • Rizal Commercial Banking Corporation
  • Security Bank Corp. (Philippines)
  • DMCI Holdings Inc.
  • Philippine National Bank
  • Metropolitan Bank & Trust Co.
  • GT Capital Holdings, Inc.
  • Metro Pacific Investments Corporation
  • Cosco Capital, Inc.
  • Metro Retail Stores Group, Inc.
  • Sta. Lucia Land, Inc.
  • Starmalls, Inc.
Last Updated on 16 Aug, 2018

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