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Retail Trade

SM Investments Corp.

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. It is engaged in financial services, retail, banking and properties in the Philippines. The firm operates through the following segments: Property, Retail and Banking & 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 Banking & Others segment engages in asset management and capital investments. The company was founded by Henry Sy, Sr. on January 15, 1960 and is headquartered in Pasay, Philippines.

Financial Highlights

Dec 2020 PHPUSD
Revenue377,149.33M7,603.74M
Gross Profit117,556.57M2,370.06M
Operating income41,143.82M829.50M
Income before tax24,379.29M491.51M
Net income23,389.95M471.56M
EBITDA59,907.40M1,207.79M
Diluted EPS19.410.39
Dividends Per Share4.250.08
Total Assets1,224.52B25,498.42M
Total liabilities659,795.83M13,739.02M
Total equity403,832.94M8,409.06M
Operating cash flow22,660.47M456.85M
Currency in PHPCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 347,851.58M 381,307.62M 430,623.82M 475,930.90M 377,149.33M
Gross Profit 120,941.33M 137,531.72M 158,708.23M 173,318.78M 117,556.57M
Operating income 51,959.22M 59,462.71M 67,798.85M 79,791.67M 41,143.82M
Income before tax 44,336.94M 65,291.23M 74,130.33M 60,576.07M 24,379.29M
Net income 31,204.30M 32,923.45M 37,078.32M 44,568.24M 23,389.95M
EBITDA 64,820.38M 73,483.60M 82,960.06M 99,162.51M 59,907.40M
Diluted EPS 25.91 27.33 30.78 36.99 19.41
Dividends Per Share 7.77 8.20 9.12 4.25 4.25
Total Assets 861,462.38M 960,080.70M 1,060.64B 1,144.16B 1,224.52B
Total liabilities 446,715.11M 506,268.48M 568,352.25M 608,013.08M 659,795.83M
Total equity 300,483.38M 328,132.73M 353,387.20M 382,627.07M 403,832.94M
Operating cash flow 40,156.76M 44,909.52M 51,230.25M 53,279.85M 22,660.47M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 7,325.11M 7,563.43M 8,173.89M 9,191.33M 7,603.74M
Gross Profit 2,546.80M 2,728.01M 3,012.52M 3,347.19M 2,370.06M
Operating income 1,094.16M 1,179.47M 1,286.92M 1,540.96M 829.50M
Income before tax 933.65M 1,295.08M 1,407.10M 1,169.86M 491.51M
Net income 657.10M 653.05M 703.80M 860.71M 471.56M
EBITDA 1,364.99M 1,457.58M 1,574.70M 1,915.05M 1,207.79M
Diluted EPS 0.54 0.54 0.58 0.71 0.39
Dividends Per Share 0.16 0.16 0.17 0.08 0.08
Total Assets 17,328.88M 19,232.38M 20,170.05M 22,591.85M 25,498.42M
Total liabilities 8,985.97M 10,141.59M 10,808.25M 12,005.39M 13,739.02M
Total equity 6,044.42M 6,573.17M 6,720.30M 7,555.08M 8,409.06M
Operating cash flow 845.62M 890.80M 972.42M 1,028.95M 456.85M

Valuation Measures

Dec 2020
PER54.02
ROA1.97%
ROE5.94%
Operating margin10.90%
Profit margin6.20%

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
  • Vice President: Ian Jason R. Aguirre

Shareholders

  • SY HANS T (8.2%)
  • SY HERBERT T (8.2%)
  • SY HARLEY TAN (7.3%)
  • SY COSON TERESITA T (7.1%)
  • SY HENRY T JR (6.3%)
  • SY ELIZABETH T (5.9%)
  • SY HENRY SR FAMILY (3.8%)
  • Invesco Advisers, Inc. (2.4%)
  • Estate Of Sy Henry Sr (2.4%)
  • Tansmart Corp. (2.2%)

Contact Details

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  • SM Investments Corp. Series-2
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  • Cherry Foodarama, Inc.
  • SM Mart, Inc.
  • Shopping Center Management Corp.
  • Family Entertainment Center, Inc.
  • SM Hotels & Conventions Corp.
  • Belleshares Holdings, Inc.
  • Multi Realty Development Corp.
  • SM Land, Inc.
  • Primebridge Holdings, Inc.
  • Super Shopping Market, Inc.
  • Super Value, Inc. (Philippines)
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Competitors

  • Robinsons Retail Holdings, Inc.
  • JG Summit Holdings Inc.
  • Robinsons Land Corp.
  • Puregold Price Club Inc.
  • Megaworld Corp.
  • DoubleDragon Corporation
  • Alliance Global Group Inc.
  • Filinvest Development Corporation
  • Vista Land & Lifescapes, Inc.
  • GT Capital Holdings, Inc.
  • Aboitiz Equity Ventures Inc.
  • Ayala Land Inc.
  • DMCI Holdings Inc.
  • LT Group, Inc.
  • Ayala Corp.
  • Metro Pacific Investments Corporation
  • San Miguel Corp.
  • Cosco Capital, Inc.
  • Metro Retail Stores Group, Inc.
  • Roxas & Co., Inc.
  • Ever-Gotesco Resources & Holdings Inc.
  • Vistamalls, Inc.
Last Updated on 14 Jan, 2022

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