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Retail Trade

SM Investments Corp.

  • 970.00 PHP
  • -37.00
  • -3.67%
  • Philippines
    Jul 15, 2019
  • Ticker
    PHS(SM)
  • Prev. close
    1,007.00
  • Market cap (PHP)
    1,213.01B
  • Market cap (USD)
    23,775.28M
  • 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 2018 PHPUSD
Revenue430,623.82M8,173.89M
Gross Profit158,708.23M3,012.52M
Operating income67,798.85M1,286.92M
Income before tax74,130.33M1,407.10M
Net income37,078.32M703.80M
EBITDA82,960.06M1,574.70M
Diluted EPS30.780.58
Dividends Per Share9.120.17
Total Assets1,060.64B20,170.05M
Total liabilities568,352.25M10,808.25M
Total equity353,387.20M6,720.30M
Operating cash flow51,230.25M972.42M
Currency in PHPCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 263,390.29M 318,502.92M 348,412.53M 381,307.62M 430,623.82M
Gross Profit 89,036.00M 108,980.74M 121,502.28M 137,531.72M 158,708.23M
Operating income 39,233.48M 47,241.42M 52,884.83M 59,462.71M 67,798.85M
Income before tax 33,239.52M 40,067.12M 59,316.59M 65,291.23M 74,130.33M
Net income 28,398.58M 28,865.15M 31,204.30M 32,923.45M 37,078.32M
EBITDA 50,141.10M 59,087.77M 65,745.98M 73,483.60M 82,960.06M
Diluted EPS 23.77 24.08 25.91 27.33 30.78
Dividends Per Share 7.07 7.08 7.77 8.20 9.12
Total Assets 711,884.60M 785,492.41M 861,462.38M 960,080.70M 1,060.64B
Total liabilities 361,936.20M 401,504.55M 446,715.11M 506,268.48M 568,352.25M
Total equity 257,004.11M 280,031.54M 300,483.38M 328,132.73M 353,387.20M
Operating cash flow 13,620.77M 55,205.44M 40,156.76M 44,909.52M 51,230.25M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 5,933.73M 6,994.99M 7,336.93M 7,563.43M 8,173.89M
Gross Profit 2,005.82M 2,393.44M 2,558.61M 2,728.01M 3,012.52M
Operating income 883.86M 1,037.52M 1,113.65M 1,179.47M 1,286.92M
Income before tax 748.82M 879.95M 1,249.09M 1,295.08M 1,407.10M
Net income 639.77M 633.93M 657.10M 653.05M 703.80M
EBITDA 1,129.59M 1,297.69M 1,384.49M 1,457.58M 1,574.70M
Diluted EPS 0.53 0.52 0.54 0.54 0.58
Dividends Per Share 0.15 0.15 0.16 0.16 0.17
Total Assets 15,914.25M 16,693.07M 17,328.88M 19,232.38M 20,170.05M
Total liabilities 8,091.12M 8,532.66M 8,985.97M 10,141.59M 10,808.25M
Total equity 5,745.35M 5,951.15M 6,044.42M 6,573.17M 6,720.30M
Operating cash flow 306.85M 1,212.42M 845.62M 890.80M 972.42M

Valuation Measures

Dec 2018
PER29.80
ROA3.66%
ROE10.88%
Operating margin15.74%
Profit margin8.61%

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%)
  • Estate Of Sy Henry Sr (2.8%)
  • Henry Sy Foundation, Inc. (1.8%)

Contact Details

Related Companies

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  • Allfirst Equity Holdings, Inc.
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  • SM Investments Corp. Series-2
  • SM Investments Corp. Series-1
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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)

Competitors

  • Robinsons Retail Holdings, Inc.
  • Ayala Corp.
  • Puregold Price Club Inc.
  • Robinsons Land Corp.
  • JG Summit Holdings Inc.
  • Megaworld Corp.
  • Ayala Land Inc.
  • Filinvest Development Corporation
  • Alliance Global Group Inc.
  • DoubleDragon Properties Corp.
  • LT Group, Inc.
  • GT Capital Holdings, Inc.
  • Vista Land & Lifescapes, Inc.
  • San Miguel Corp.
  • DMCI Holdings Inc.
  • Aboitiz Equity Ventures Inc.
  • Metro Pacific Investments Corporation
  • Cosco Capital, Inc.
  • Starmalls, Inc.
Last Updated on 15 Jul, 2019

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