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Finance
SM Prime Holdings, Inc.
- 35.45 PHP
- -0.55
- -1.53%
Philippines
Dec 7, 2018Ticker
PHS(SMPH)Prev. close
36.00Market cap (PHP)
1,039.65BMarket cap (USD)
19,724MShares
28,879.20M
In the news
- Chinese buyers boost Q1 earnings of Philippine property developers May 9, 2018
- Philippines' SM Prime puts brakes on China expansion Apr 25, 2018
- Chinese appetite for Manila condos grows with warmer ties, weaker peso Mar 29, 2018
- Retail snag slows SM Investments' profit growth for 2017 Feb 28, 2018
- Developers race to house Southeast Asian middle class Feb 20, 2018 See more articles on SM Prime Holdings, Inc.
Company Background
SM Prime Holdings used to be the mall development arm of SM Investments, the publicly listed holding company of the Sy family, the Philippines' richest. But in 2013, the Sy family decided to consolidate its property assets under SM Prime. The consolidation process saw the Sy-controlled condominium builder SM Development, leisure property firm Highlands Prime and privately held SM Land being folded into SM Prime.
The restructuring made SM Prime the Philippines' biggest real estate company and one of the largest in the region in terms of market capitalization.
With its enlarged scale, SM Prime in early 2014 launched a five-year plan that calls for spending 400 billion pesos to almost double its real estate projects and sales by 2019. The plan includes expanding the company's shopping centers in the Philippines, from 48 at the end of 2013, to 74. This is on top of operations in China, where the company has five malls.
SM Prime is managed by Hans Sy, a son of Henry Sy, SM Group founder and the Philippines' richest man.
Business Summary
SM Prime Holdings, Inc. develops, conducts, operates and maintains modern commercial shopping centers. The company operates in four segments: Malls, Residential, Commercial & Hotel and Convention centers. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto such as the conduct, operation and maintenance of shopping center spaces for rent, amusement centers, or cinema theaters within the compound of the shopping centers. The Residential and Commercial segments are involved in the development and transformation of major residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention centers segment engages in and carry on the business of hotel and convention centers and operates and maintains any and all services and facilities incident thereto. SM Prime Holdings was founded on January 6, 1994 and is headquartered in Pasay, Philippines.
Financial Highlights
| Dec 2017 | PHP | USD |
| Revenue | 92,136.19M | 1,827.56M |
| Gross Profit | 65,424.38M | 1,297.72M |
| Operating income | 35,986.17M | 713.80M |
| Income before tax | 35,947.86M | 713.04M |
| Net income | 27,573.86M | 546.94M |
| EBITDA | 50,802.30M | 1,007.68M |
| Diluted EPS | 0.95 | 0.01 |
| Dividends Per Share | 0.35 | 0.00 |
| Total Assets | 538,417.59M | 10,785.60M |
| Total liabilities | 275,543.68M | 5,519.70M |
| Total equity | 258,957.22M | 5,187.44M |
| Operating cash flow | 31,355.49M | 621.95M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 60,888.28M | 66,971.95M | 72,679.89M | 80,931.16M | 92,136.19M |
| Gross Profit | 40,944.77M | 45,826.19M | 51,076.43M | 57,432.63M | 65,424.38M |
| Operating income | 21,342.33M | 24,267.25M | 29,140.76M | 31,557.13M | 35,986.17M |
| Income before tax | 20,710.09M | 23,674.13M | 34,367.93M | 30,988.67M | 35,947.86M |
| Net income | 16,274.82M | 18,390.35M | 28,302.09M | 23,805.71M | 27,573.86M |
| EBITDA | 31,210.35M | 34,998.17M | 39,574.38M | 44,194.33M | 50,802.30M |
| Diluted EPS | 0.58 | 0.66 | 0.98 | 0.82 | 0.95 |
| Dividends Per Share | 0.19 | 0.21 | 0.23 | 0.26 | 0.35 |
| Total Assets | 336,053.13M | 389,289.96M | 433,828.43M | 465,560.13M | 538,417.59M |
| Total liabilities | 169,831.61M | 187,051.76M | 217,985.59M | 230,196.58M | 275,543.68M |
| Total equity | 163,266.54M | 199,087.69M | 212,488.82M | 231,481.03M | 258,957.22M |
| Operating cash flow | 20,753.58M | 3,623.90M | 29,978.30M | 34,514.53M | 31,355.49M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 1,433.68M | 1,508.76M | 1,596.20M | 1,704.26M | 1,827.56M |
| Gross Profit | 964.09M | 1,032.38M | 1,121.74M | 1,209.42M | 1,297.72M |
| Operating income | 502.53M | 546.69M | 639.99M | 664.53M | 713.80M |
| Income before tax | 487.64M | 533.33M | 754.79M | 652.56M | 713.04M |
| Net income | 383.21M | 414.30M | 621.57M | 501.30M | 546.94M |
| EBITDA | 734.88M | 788.44M | 869.13M | 930.65M | 1,007.68M |
| Diluted EPS | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 7,571.74M | 8,702.62M | 9,219.60M | 9,365.05M | 10,785.60M |
| Total liabilities | 3,826.54M | 4,181.56M | 4,632.57M | 4,630.55M | 5,519.70M |
| Total equity | 3,678.62M | 4,450.62M | 4,515.75M | 4,656.39M | 5,187.44M |
| Operating cash flow | 488.66M | 81.64M | 658.38M | 726.81M | 621.95M |
Valuation Measures
| Dec 2017 | |
| PER | 39.22 |
| ROA | 5.49% |
| ROE | 11.24% |
| Operating margin | 39.05% |
| Profit margin | 29.92% |
Key executives
- President & Director: Jeffrey C. Lim
- Chief Finance Officer & Compliance Officer: Nai Peng C. Ong
- Vice President-Finance: Teresa Cecilia H. Reyes
- Assistant Secretary: Arthur A. Sy
- Vice President-Internal Audit: Christopher S. Bautista
Shareholders
- SM Investments Corp. (49.7%)
- SY HARLEY TAN (2.3%)
- SY HENRY T JR (2.3%)
- SY HANS T (2.3%)
- Grand China International Ltd. (2.3%)
- SY TERESITA T (2.3%)
- SY HERBERT T (2.2%)
- SY ELIZABETH T (2.2%)
- Oriental Land Development Ltd. (1.6%)
- OppenheimerFunds, Inc. (1.6%)
Contact Details
- Website:http://www.smprime.com
- Address: Mall of Asia Arena, Annex Building, Coral Way Corner J.W. Diokno Blvd, Pasay, 1300, Philippines
- Phone: +63.2.831.1000
Related Companies
- SM Land (China) Ltd.
- Sm Arena Complex Corp.
- Tagaytay Resort Development Corp.
- Associated Development Corp. (Philippines)
- Costa Del Hamilo, Inc.
- Premier Southern Corp.
- Premier Central, Inc.
- Consolidated Prime Development Corp.
- First Asia Realty Development Corp.
- Affluent Capital Enterprises
- Mega Make Enterprises Ltd.
- Prime Metroestate, Inc.
- SM Development Corporation
- Highlands Prime Inc.
Competitors
- Megaworld Corp.
- Ayala Land Inc.
- Robinsons Land Corp.
- Shang Properties, Inc.
- Sta. Lucia Land, Inc.
- Alliance Global Group Inc.
- JG Summit Holdings Inc.
- Empire East Land Holdings Inc.
- Filinvest Land Incorporated
- Global-Estate Resorts, Inc.
- Rockwell Land Corp.
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.
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