SM Prime Holdings, Inc.

35.75 PHP
+0.35
+0.99%

Philippines
Aug 16, 2018
Ticker
PHS(SMPH)
Prev. close
35.40
Market cap (PHP)
1,022.32B
Market cap (USD)
19,118.52M
Shares
28,879.23M

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	0.30	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

PHP | USD

	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	0.30
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 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%)
OppenheimerFunds, Inc. (1.7%)
Oriental Land Development Ltd. (1.6%)
Capital Research & Management Co. (Global Investors) (1.4%)

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

Affluent Capital Enterprises
Mega Make Enterprises Ltd.
SM Development Corporation
Highlands Prime Inc.

Competitors

Megaworld Corp.
Ayala Land Inc.
Robinsons Land Corp.
Shang Properties, Inc.
Alliance Global Group Inc.
JG Summit Holdings Inc.
Filinvest Land Incorporated
Global-Estate Resorts, Inc.
Rockwell Land Corp.
Cosco Capital, Inc.

Last Updated on 16 Aug, 2018

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SM Prime Holdings, Inc.

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