ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Consumer Non-Durables

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. 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 2018 PHPUSD
Revenue127,769.94M2,425.26M
Gross Profit36,705.83M696.73M
Operating income13,386.08M254.08M
Income before tax11,544.88M219.13M
Net income9,204.30M174.71M
EBITDA19,752.57M374.93M
Diluted EPS4.170.07
Dividends Per Share3.150.05
Total Assets151,935.71M2,889.33M
Total liabilities67,942.23M1,292.04M
Total equity83,791.22M1,593.44M
Operating cash flow11,931.17M226.47M
Currency in PHPCurrency in USD

Historical Data

 Sep 2014Sep 2015Dec 2016Dec 2017Dec 2018
Revenue 92,376.29M 109,051.02M 123,760.95M 125,007.82M 127,769.94M
Gross Profit 28,133.28M 34,918.45M 38,591.88M 38,673.39M 36,705.83M
Operating income 13,923.00M 17,229.38M 16,344.48M 14,941.63M 13,386.08M
Income before tax 14,213.42M 15,962.95M 12,868.45M 13,950.40M 11,544.88M
Net income 11,558.70M 12,383.34M 9,608.46M 10,888.08M 9,204.30M
EBITDA 17,808.31M 21,939.35M 22,368.50M 21,042.04M 19,752.57M
Diluted EPS 5.30 5.68 4.36 4.94 4.17
Dividends Per Share 3 3.15 3.15 3.15 3.15
Total Assets 77,921.20M 110,990.66M 143,059.91M 148,213.07M 151,935.71M
Total liabilities 21,894.21M 45,631.03M 64,210.66M 66,527.06M 67,942.23M
Total equity 55,949.40M 65,264.93M 78,833.78M 81,403.17M 83,791.22M
Operating cash flow 8,830.51M 23,793.13M 5,805.91M 15,662.68M 11,931.17M
 Sep 2014Sep 2015Dec 2016Dec 2017Dec 2018
Revenue 2,095.24M 2,422.85M 2,606.17M 2,479.59M 2,425.26M
Gross Profit 638.10M 775.80M 812.67M 767.10M 696.73M
Operating income 315.79M 382.79M 344.18M 296.37M 254.08M
Income before tax 322.38M 354.65M 270.98M 276.71M 219.13M
Net income 262.17M 275.12M 202.33M 215.97M 174.71M
EBITDA 403.92M 487.44M 471.03M 417.37M 374.93M
Diluted EPS 0.12 0.12 0.09 0.09 0.07
Dividends Per Share 0.06 0.06 0.06 0.06 0.05
Total Assets 1,736.30M 2,374.63M 2,877.74M 2,969.01M 2,889.33M
Total liabilities 487.86M 976.27M 1,291.64M 1,332.67M 1,292.04M
Total equity 1,246.71M 1,396.34M 1,585.79M 1,630.67M 1,593.44M
Operating cash flow 200.29M 528.62M 122.26M 310.67M 226.47M

Valuation Measures

Dec 2018
PER30.41
ROA6.13%
ROE11.14%
Operating margin10.47%
Profit margin7.20%

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%)
  • First State Investment Management (UK) Ltd. (2.1%)
  • T. Rowe Price International Ltd. (1.7%)
  • The Vanguard Group, Inc. (1.4%)
  • First State Investments (Hong Kong) Ltd. (1.2%)
  • Genesis Investment Management LLP (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • LGM Investments Ltd. (0.7%)
  • GOKONGWEI ELIZABETH YU (0.6%)
  • APG Asset Management NV (0.4%)

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

  • Hunt Universal Robina Corp.
  • Advanson International Pte Ltd.
  • Bio-Resource Power Generation Corp.
  • Calbee-URC, Inc.
  • URC International Co., Ltd.
  • CFC Clubhouse Property, Inc.
  • Nissin-Universal Robina Corp.
  • Robina Farms 11
  • 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.
  • Griffin's Foods Ltd.
  • Joyco Universal Robina Corp

Competitors

  • San Miguel Food & Beverage, Inc.
  • San Miguel Corp.
  • Del Monte Pacific Limited
  • Aboitiz Equity Ventures Inc.
  • PepsiCo, Inc.
  • Kraft Heinz Company
  • Nestle S.A.
  • Lotte Corp
  • PT Mayora Indah Tbk
  • Mondelez International, Inc. Class A
  • Apollo Food Holdings Bhd.
  • Novartis AG
  • Procter & Gamble Company
  • Top Frontier Investment Holdings, Inc.
  • Pepsi Cola Products Philippines, Inc.
  • Roxas Holdings Inc.
  • Vitarich Corp.
Last Updated on 24 Jan, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media