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Consumer Non-Durables

Universal Robina Corp.

  • 133.00 PHP
  • -1.00
  • -0.75%
  • Philippines
    Aug 17, 2018
  • Ticker
    PHS(URC)
  • Prev. close
    134.00
  • Market cap (PHP)
    295,358M
  • Market cap (USD)
    5,530.01M
  • Shares
    2,204.16M

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. is engaged in the manufacture and distribution of consumer food products. It operates through the following segments: Branded Consumer Foods, Agro-Industrial Products, Commodity Food Products, and Corporate Business. The Branded Consumer Foods 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 an 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 as well as manufactures pasta. Its products include savory snacks, biscuits, cakes, candies, chocolates, ready-to-drink tea and coffee; juices, bottled water, energy drinks, pure and blended coffee; creamer, instant coffee and chocolate mixes; pouch and cup noodles; canned beans, sauces and tomato paste. The Corporate Business segment engages in 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 2017 PHPUSD
Revenue125,007.82M2,479.59M
Gross Profit38,673.39M767.10M
Operating income14,941.63M296.37M
Income before tax13,950.40M276.71M
Net income10,888.08M215.97M
EBITDA21,042.04M417.37M
Diluted EPS4.940.09
Dividends Per Share1.650.03
Total Assets148,213.07M2,969.01M
Total liabilities66,527.06M1,332.67M
Total equity81,403.17M1,630.67M
Operating cash flow15,662.68M310.67M
Currency in PHPCurrency in USD

Historical Data

 Sep 2013Sep 2014Sep 2015Dec 2016Dec 2017
Revenue 80,995.21M 92,376.29M 109,051.02M 123,760.95M 125,007.82M
Gross Profit 23,075.71M 28,133.28M 34,918.45M 38,591.88M 38,673.39M
Operating income 10,290.17M 13,923.00M 17,229.38M 16,344.48M 14,941.63M
Income before tax 11,530.52M 14,213.42M 15,962.95M 12,868.45M 13,950.40M
Net income 10,044.55M 11,558.70M 12,383.34M 9,608.46M 10,888.08M
EBITDA 13,911.77M 17,808.31M 21,939.35M 22,368.50M 21,042.04M
Diluted EPS 4.60 5.30 5.68 4.36 4.94
Dividends Per Share 1.50 1.50 1.65 1.65 1.65
Total Assets 66,544.96M 77,921.20M 110,990.66M 143,059.91M 148,213.07M
Total liabilities 15,714.93M 21,894.21M 45,631.03M 64,210.66M 66,527.06M
Total equity 50,779.22M 55,949.40M 65,264.93M 78,833.78M 81,403.17M
Operating cash flow 12,813.95M 8,830.51M 23,793.13M 5,805.91M 15,662.68M
 Sep 2013Sep 2014Sep 2015Dec 2016Dec 2017
Revenue 1,934.99M 2,095.24M 2,422.85M 2,606.17M 2,479.59M
Gross Profit 551.28M 638.10M 775.80M 812.67M 767.10M
Operating income 245.83M 315.79M 382.79M 344.18M 296.37M
Income before tax 275.46M 322.38M 354.65M 270.98M 276.71M
Net income 239.96M 262.17M 275.12M 202.33M 215.97M
EBITDA 332.35M 403.92M 487.44M 471.03M 417.37M
Diluted EPS 0.10 0.12 0.12 0.09 0.09
Dividends Per Share 0.03 0.03 0.03 0.03 0.03
Total Assets 1,528.36M 1,736.30M 2,374.63M 2,877.74M 2,969.01M
Total liabilities 360.93M 487.86M 976.27M 1,291.64M 1,332.67M
Total equity 1,166.26M 1,246.71M 1,396.34M 1,585.79M 1,630.67M
Operating cash flow 306.12M 200.29M 528.62M 122.26M 310.67M

Valuation Measures

Dec 2017
PER30.56
ROA7.47%
ROE13.58%
Operating margin11.95%
Profit margin8.70%

Key executives

  • President & Chief Executive Officer: Irwin C. Lee
  • Chief Financial Officer: Francisco M. del Mundo
  • Compliance Officer: Arlene Sta. Rosa-Denzon
  • Executive Vice President & Managing Director: Cornelio S. Mapa
  • Chief Strategy Officer & Senior Vice President: Bach Johann M. Sebastian

Shareholders

  • JG Summit Holdings, Inc. (55.2%)
  • Genesis Investment Management LLP (2.8%)
  • T. Rowe Price International Ltd. (1.7%)
  • The Vanguard Group, Inc. (1.3%)
  • LGM Investments Ltd. (1.1%)
  • BlackRock Fund Advisors (0.8%)
  • First State Investment Management (UK) Ltd. (0.7%)
  • First State Investments (Hong Kong) Ltd. (0.7%)
  • GOKONGWEI ELIZABETH YU (0.6%)
  • Norges Bank Investment Management (0.6%)

Contact Details

  • Website:http://www2.urc.com.ph
  • Address: 8th Floor, Tera Tower, Bridgetowne, E. Rodriguez Jr. Avenue, Quezon City, 1100, Philippines
  • Phone: +63.2.516.9888

Related Companies

  • Advanson International Pte Ltd.
  • Bio-Resource Power Generation Corp.
  • URC International Co., Ltd.
  • CFC Clubhouse Property, Inc.
  • Nissin-Universal Robina Corp.
  • Robina Farms
  • Universal Robina Sugar Milling Corp.
  • General Milling Corp. /Snack Manufacturing Business/
  • Passi (Iloilo) Sugar Central, Inc. /Manufacturing Assets/
  • Nestle Waters Philippines, Inc. /Bottled Water Business/
  • URC Philippines Ltd.
  • CFC Corp.
  • Joyco Universal Robina Corp

Competitors

  • San Miguel Corp.
  • San Miguel Food & Beverage, Inc.
  • Del Monte Pacific Limited
  • Aboitiz Equity Ventures Inc.
  • Kraft Heinz Company
  • CJ Corporation
  • PepsiCo, Inc.
  • Nestle S.A.
  • PT Mayora Indah Tbk
  • Mondelez International, Inc. Class A
  • Apollo Food Holdings Bhd.
  • Merck & Co., Inc.
  • Pfizer Inc.
  • Procter & Gamble Company
  • Sanofi
  • Top Frontier Investment Holdings, Inc.
  • Pepsi Cola Products Philippines, Inc.
Last Updated on 17 Aug, 2018

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