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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 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. The company was founded by Henry Sy, Sr. on January 15, 1960 and is headquartered in Pasay, Philippines.

Financial Highlights

Dec 2019 PHPUSD
Revenue475,613.46M9,185.20M
Gross Profit173,001.35M3,341.06M
Operating income79,474.24M1,534.83M
Income before tax60,576.07M1,169.86M
Net income44,568.24M860.71M
EBITDA98,845.08M1,908.92M
Diluted EPS36.990.71
Dividends Per Share4.250.08
Total Assets1,144.16B22,591.85M
Total liabilities608,013.08M12,005.39M
Total equity382,627.07M7,555.08M
Operating cash flow53,279.85M1,028.95M
Currency in PHPCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 318,502.92M 347,851.58M 381,307.62M 430,623.82M 475,613.46M
Gross Profit 108,980.74M 120,941.33M 137,531.72M 158,708.23M 173,001.35M
Operating income 47,241.42M 51,959.22M 59,462.71M 67,798.85M 79,474.24M
Income before tax 40,067.12M 44,336.94M 65,291.23M 74,130.33M 60,576.07M
Net income 28,865.15M 31,204.30M 32,923.45M 37,078.32M 44,568.24M
EBITDA 59,087.77M 64,820.38M 73,483.60M 82,960.06M 98,845.08M
Diluted EPS 24.08 25.91 27.33 30.78 36.99
Dividends Per Share 7.08 7.77 8.20 9.12 4.25
Total Assets 785,492.41M 861,462.38M 960,080.70M 1,060.64B 1,144.16B
Total liabilities 401,504.55M 446,715.11M 506,268.48M 568,352.25M 608,013.08M
Total equity 280,031.54M 300,483.38M 328,132.73M 353,387.20M 382,627.07M
Operating cash flow 55,205.44M 40,156.76M 44,909.52M 51,230.25M 53,279.85M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 6,994.99M 7,325.11M 7,563.43M 8,173.89M 9,185.20M
Gross Profit 2,393.44M 2,546.80M 2,728.01M 3,012.52M 3,341.06M
Operating income 1,037.52M 1,094.16M 1,179.47M 1,286.92M 1,534.83M
Income before tax 879.95M 933.65M 1,295.08M 1,407.10M 1,169.86M
Net income 633.93M 657.10M 653.05M 703.80M 860.71M
EBITDA 1,297.69M 1,364.99M 1,457.58M 1,574.70M 1,908.92M
Diluted EPS 0.52 0.54 0.54 0.58 0.71
Dividends Per Share 0.15 0.16 0.16 0.17 0.08
Total Assets 16,693.07M 17,328.88M 19,232.38M 20,170.05M 22,591.85M
Total liabilities 8,532.66M 8,985.97M 10,141.59M 10,808.25M 12,005.39M
Total equity 5,951.15M 6,044.42M 6,573.17M 6,720.30M 7,555.08M
Operating cash flow 1,212.42M 845.62M 890.80M 972.42M 1,028.95M

Valuation Measures

Dec 2019
PER28.19
ROA4.04%
ROE12.11%
Operating margin16.70%
Profit margin9.37%

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
  • Senior Vice President-Corporate Services: Elizabeth Anne Coleongco Uychaco

Shareholders

  • SY HANS T (8.1%)
  • SY HERBERT T (8.1%)
  • SY HARLEY TAN (7.2%)
  • SY COSON TERESITA T (7.0%)
  • SY HENRY T JR (6.4%)
  • SY ELIZABETH T (5.8%)
  • SY HENRY SR FAMILY (3.8%)
  • Invesco Advisers, Inc. (2.6%)
  • Estate Of Sy Henry Sr (2.4%)
  • Tansmart Corp. (2.2%)

Contact Details

Related Companies

  • Philippines Urban Living Solutions, Inc.
  • 19-1 Property Holdings, Inc.
  • Crescent Park 19-1 Property Holdings, Inc.
  • Crescent Park 6-3 Property Holdings, Inc.
  • Crescent Park 18-2 Property Holdings, Inc.
  • 6-24 Property Holdings, Inc.
  • Crescent Park 6-24 Property Holdings, Inc.
  • Crescent Park 14-678 Property Holdings, Inc.
  • Allfirst Equity Holdings, Inc.
  • Sanford Marketing Corp.
  • 18-2 Property Holdings, Inc.
  • 14-678 Property Holdings, Inc.
  • SM Investments Corp. Series-2
  • SM Investments Corp. Series-1
  • 6-3 Property Holdings, Inc.
  • 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.
  • JG Summit Holdings Inc.
  • DoubleDragon Properties Corp.
  • Puregold Price Club Inc.
  • Robinsons Land Corp.
  • Megaworld Corp.
  • Ayala Land Inc.
  • Filinvest Development Corporation
  • Alliance Global Group Inc.
  • Ayala Corp.
  • LT Group, Inc.
  • GT Capital Holdings, Inc.
  • Vista Land & Lifescapes, Inc.
  • Aboitiz Equity Ventures Inc.
  • San Miguel Corp.
  • DMCI Holdings Inc.
  • Metro Pacific Investments Corporation
  • Cosco Capital, Inc.
  • Metro Retail Stores Group, Inc.
  • Roxas & Co., Inc.
  • Vistamalls, Inc.
Last Updated on 23 Sep, 2020

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