Universal Robina Corp.

In the news

Asian equities fall as Middle East tensions escalate Jan 8, 2020
Philippine conglomerate JG Summit names new CEO Apr 27, 2018
Philippines' Universal Robina appoints first outsider CEO Apr 25, 2018
Philippines' JG Summit to quadruple banking assets Jan 11, 2018
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 2020	PHP	USD
Revenue	133,140.08M	2,684.24M
Gross Profit	40,177.81M	810.02M
Operating income	16,019.01M	322.96M
Income before tax	13,786.67M	277.95M
Net income	10,746.72M	216.66M
EBITDA	23,383.97M	471.44M
Diluted EPS	4.87	0.09
Dividends Per Share	1.50	0.03
Total Assets	176,194.93M	3,668.93M
Total liabilities	78,410.76M	1,632.75M
Total equity	92,258.90M	1,921.12M
Operating cash flow	20,258.82M	408.43M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	123,760.95M	125,007.82M	127,769.94M	134,174.52M	133,140.08M
Gross Profit	38,591.88M	38,673.39M	36,705.83M	39,392.38M	40,177.81M
Operating income	16,344.48M	14,941.63M	13,386.08M	15,015.95M	16,019.01M
Income before tax	12,868.45M	13,950.40M	11,544.88M	12,055.01M	13,786.67M
Net income	9,608.46M	10,888.08M	9,204.30M	9,772.12M	10,746.72M
EBITDA	22,368.50M	21,042.04M	19,752.57M	22,326.01M	23,383.97M
Diluted EPS	4.36	4.94	4.17	4.43	4.87
Dividends Per Share	3.15	3.15	3.15	3.15	1.50
Total Assets	143,059.91M	148,213.07M	151,935.71M	168,652.98M	176,194.93M
Total liabilities	64,210.66M	66,527.06M	67,942.23M	73,468.48M	78,410.76M
Total equity	78,833.78M	81,403.17M	83,791.22M	89,950.66M	92,258.90M
Operating cash flow	5,805.91M	15,662.68M	11,931.17M	12,875.98M	20,258.82M

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	2,606.17M	2,479.59M	2,425.26M	2,591.22M	2,684.24M
Gross Profit	812.67M	767.10M	696.73M	760.75M	810.02M
Operating income	344.18M	296.37M	254.08M	289.99M	322.96M
Income before tax	270.98M	276.71M	219.13M	232.81M	277.95M
Net income	202.33M	215.97M	174.71M	188.72M	216.66M
EBITDA	471.03M	417.37M	374.93M	431.16M	471.44M
Diluted EPS	0.09	0.09	0.07	0.08	0.09
Dividends Per Share	0.06	0.06	0.05	0.06	0.03
Total Assets	2,877.74M	2,969.01M	2,889.33M	3,330.10M	3,668.93M
Total liabilities	1,291.64M	1,332.67M	1,292.04M	1,450.65M	1,632.75M
Total equity	1,585.79M	1,630.67M	1,593.44M	1,776.10M	1,921.12M
Operating cash flow	122.26M	310.67M	226.47M	248.66M	408.43M

Valuation Measures

Dec 2020
PER	31.27
ROA	6.23%
ROE	11.79%
Operating margin	12.03%
Profit margin	8.07%

Key executives

President, Chief Executive Officer & Director: Irwin C. Lee
Chief Financial Officer & Senior Vice President: Francisco M. del Mundo
SVP-Quality, Engineering & Technical Services: David J. Lim
VP-Global Innovation, Research & Development: Krishna S. Mohan
Chief Information Officer: Karen Therese C. Salgado

Shareholders

JG Summit Holdings, Inc. (55.3%)
First Sentier Investors (Hong Kong) Ltd. (1.9%)
T. Rowe Price International Ltd. (1.3%)
The Vanguard Group, Inc. (1.2%)
BlackRock Fund Advisors (0.7%)
T. Rowe Price Hong Kong Ltd. (0.6%)
Massachusetts Financial Services Co. (0.5%)
T. Rowe Price Associates, Inc. (Investment Management) (0.4%)
First Sentier Investors (Singapore) (0.4%)
APG Asset Management NV (0.4%)

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 Food & Beverage, Inc.
San Miguel Corp.
Aboitiz Equity Ventures Inc.
Pepsi Cola Products Philippines, Inc.
Nestle S.A.
PT Mayora Indah Tbk
PepsiCo, Inc.
Unilever PLC
Del Monte Pacific Limited
Mondelez International, Inc. Class A
Monde Nissin Corp.
Coca-Cola Company
LT Group, Inc.
Macay Holdings, Inc.
Colgate-Palmolive Company
Reckitt Benckiser Group plc
Beiersdorf AG
Johnson & Johnson
Kimberly-Clark Corporation
L'Oreal SA
Procter & Gamble Company
Top Frontier Investment Holdings, Inc.
Liberty Flour Mills Inc.
Roxas Holdings Inc.

Last Updated on 7 Dec, 2021