Universal Robina Corp.

In the news

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Philippine tax reform will add to Duterte's infrastructure war chest Dec 21, 2017

See more articles on Universal Robina Corp.

Company Background

Founded by Filipino-Chinese John Gokongwei in 1954 as a cornstarch factory, Universal Robina is now a leading snack and beverage producer in the Philippines. It is also one of the Filipino companies that have successfully expanded their footprint abroad. The company has full-scale operations in Thailand, Singapore, Malaysia, Vietnam, Indonesia, China and Hong Kong. It also plans to start operations in Myanmar by the end of 2014.

In the Philippines, Universal Robina enjoys the No. 1 market share in the snacks, candies, chocolates, canned beans and ready-to-drink tea segments and the No. 2 position in cup noodles and instant coffee sectors.

The company is continuously expanding its product portfolio. In 2014 alone, the company struck at least three deals as part of this effort.

In March, it teamed up with Calbee for the local production and sale of the Japanese snack marker's products in the Philippines. In July, Universal Robina took over New Zealand's NZ Snack Food Holdings for 700 million New Zealand dollars ($550 million), marking its first expansion outside Southeast Asia and China. In October, the company announced a joint venture with Danone Asia Holdings in a bid to expand its beverage portfolio.

The company is looking at establishing production plants in Laos and Cambodia to complete its presence in Southeast Asia.

Business Summary

Universal Robina Corp. engages in the manufacture and distribution of consumer food products. It operates through the following segments: Branded Consumer Food Products, Agro-Industrial Products, Commodity Food Products, and Corporate Business. The Branded Consumer Food Products segment manufactures and distributes salty snacks, chocolates, candies, biscuits, bakery products, beverages, instant noodles, pasta and tomato-based products. The Agro-Industrial Products segment produces and distributes animal health products, animal feeds, glucose, and soya bean products; and operates hog and poultry farm. The Commodity Food Products segment refines sugar and flour; manufactures pasta; and develops renewable energy. The Corporate Business segment includes the bonds and securities investment and fund sourcing activities. The company was founded by John L. Gokongwei Jr. on September 28, 1954 and is headquartered in Quezon City, Philippines.

Financial Highlights

Dec 2021	PHP	USD
Revenue	116,954.78M	2,372.56M
Gross Profit	32,699.11M	663.34M
Operating income	12,583.64M	255.27M
Income before tax	14,635.05M	296.88M
Net income	12,515.15M	253.88M
EBITDA	18,346.51M	372.18M
Diluted EPS	6.00	0.12
Dividends Per Share	3.45	0.06
Total Assets	152,772.82M	2,995.98M
Total liabilities	43,005.08M	843.36M
Total equity	109,420.98M	2,145.82M
Operating cash flow	12,952.08M	262.74M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	125,007.82M	127,769.94M	134,174.52M	113,161.78M	116,954.78M
Gross Profit	38,673.39M	36,705.83M	39,392.38M	33,838.91M	32,699.11M
Operating income	14,941.63M	13,386.08M	15,015.95M	13,868.30M	12,583.64M
Income before tax	13,950.40M	11,544.88M	12,055.01M	12,539.30M	14,635.05M
Net income	10,888.08M	9,204.30M	9,772.12M	10,074.43M	12,515.15M
EBITDA	21,042.04M	19,752.57M	22,326.01M	20,025.50M	18,346.51M
Diluted EPS	4.94	4.17	4.43	4.87	6.00
Dividends Per Share	3.15	3.15	3.15	1.50	3.45
Total Assets	148,213.07M	151,935.71M	168,652.98M	176,221.31M	152,772.82M
Total liabilities	66,527.06M	67,942.23M	73,468.48M	78,437.15M	43,005.08M
Total equity	81,403.17M	83,791.22M	89,950.66M	92,258.90M	109,420.98M
Operating cash flow	15,662.68M	11,931.17M	12,875.98M	20,228.06M	12,952.08M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	2,479.59M	2,425.26M	2,591.22M	2,281.46M	2,372.56M
Gross Profit	767.10M	696.73M	760.75M	682.22M	663.34M
Operating income	296.37M	254.08M	289.99M	279.60M	255.27M
Income before tax	276.71M	219.13M	232.81M	252.80M	296.88M
Net income	215.97M	174.71M	188.72M	203.11M	253.88M
EBITDA	417.37M	374.93M	431.16M	403.73M	372.18M
Diluted EPS	0.09	0.07	0.08	0.09	0.12
Dividends Per Share	0.06	0.05	0.06	0.03	0.06
Total Assets	2,969.01M	2,889.33M	3,330.10M	3,669.48M	2,995.98M
Total liabilities	1,332.67M	1,292.04M	1,450.65M	1,633.30M	843.36M
Total equity	1,630.67M	1,593.44M	1,776.10M	1,921.12M	2,145.82M
Operating cash flow	310.67M	226.47M	248.66M	407.81M	262.74M

Valuation Measures

Dec 2021
PER	21.33
ROA	7.60%
ROE	12.41%
Operating margin	10.75%
Profit margin	10.70%

Key executives

President, Chief Executive Officer & Director: Irwin C. Lee
Chief Financial Officer & Senior Vice President: Francisco M. del Mundo
VP-Global Innovation, Research & Development: Krishna S. Mohan
Chief Information Officer: Karen Therese C. Salgado
Controller, Chief Compliance & Risk Officer: Rhodora T. Lao

Shareholders

JG Summit Holdings, Inc. (55.8%)
Universal Robina Corp. (2.1%)
First Sentier Investors (Hong Kong) Ltd. (1.8%)
First Sentier Investors (UK) IM Ltd. (1.5%)
The Vanguard Group, Inc. (1.2%)
T. Rowe Price International Ltd. (1.1%)
BlackRock Fund Advisors (0.7%)
Massachusetts Financial Services Co. (0.6%)
T. Rowe Price Associates, Inc. (Investment Management) (0.5%)
T. Rowe Price Hong Kong Ltd. (0.5%)

Contact Details

Website:http://www.urc.com.ph
Address: 8th Floor, Tera Tower, Bridgetowne, E. Rodriguez Jr. Avenue, Quezon City, 1100, Philippines
Phone: +63.2.516.9888

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Competitors

San Miguel Corp.
Aboitiz Equity Ventures Inc.
Nestle S.A.
PT Mayora Indah Tbk
PepsiCo, Inc.
Mondelez International, Inc. Class A
Monde Nissin Corp.
Procter & Gamble Company
San Miguel Food & Beverage, Inc.
Top Frontier Investment Holdings, Inc.
Liberty Flour Mills Inc.
Roxas Holdings Inc.

Last Updated on 12 Aug, 2022