Asia300

JG Summit Holdings, Inc.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 17, 2017
Prev close: 71.5
Aug 17, 2017
Market cap:
Market cap(USD):
515,003.16M
10,027.31M
Shares: 7,202.84M

Currency in PHP

Company profile

Market(Ticker): PHS(JGS)
Sector:
Industry:
Producer Manufacturing
Industrial Conglomerates
Full time employees: 21,477

Business summary

JG Summit Holdings, Inc. operates as a holding company. It operates through the following segments: Food, Agro-Industrial & Commodities, Air Transportation, Telecommunications, Real Estate and Hotels, Petrochemicals, Banking and Other Supplementary Business. The Food, Agro-Industrial & Commodities segment produces snack, pre-mixed, canned and frozen foods. The Telecommunications segment provides voice and data telecommunications services. The Real Estate and Hotels segment deals with the development and leasing of residential and commercial spaces. The Petrochemicals segment manufactures polyethylene and polypropylene. The Banking segment operates commercial and thrift banks. The Other Supplementary Business segment provides printing services, textile insurance brokering, foreign exchange and securities dealing. The company was founded by John L. Gokongwei, Jr. on November 23, 1990 and is headquartered in Pasig City, Philippines.

Company background

JG Summit Holdings is the umbrellas company for Filipino-Chinese tycoon John Gokongwei's business ventures. Gonkongwei was the Philippines' fifth-richest man in 2013, according to media outlet Forbes. The conglomerate has interests in food and beverages (Universal Robina), property development (Robinsons Land), aviation (Cebu Air), financial services (Robinsons Bank) and petrochemicals (JG Summit Olefins).

Universal Robina is one of the country's leading snack and beverage manufacturers. It operates production facilities in Malaysia, Indonesia, Thailand, Vietnam, and will soon do so in Myanmar. Robinsons Land is the country's second biggest mall developer; Cebu Pacific is the Philippines' largest budget carrier. At present, the company is headed by Gokongwei's brother, CEO James Go. The tycoon's son, Lance, is the conglomerate's president and chief operating officer. Lance, who runs Cebu Pacific, Universal Robina and Robinsons Land, has a double degree in finance and applied science from the University of Pennsylvania.

JG Summit also has around 27% stake in power distribution company Manila Electric, which it bought from San Miguel last year. It also has an 8% stake in Philippines Long Distance Telephone after the dominant carrier merged with the then Gokongwei-led Digital Telecommunications Philippines via a share-swap agreement.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 232,326.59M
Gross profit 81,253.99M
Operating income 44,109.57M
Income before tax 19,628.99M
Net income 10,917.97M
EBITDA 61,111.34M
Diluted EPS 1.52
Dividends per share 0.23
Total assets 670,406.18M
Total liabilities 357,622.33M
Total equity 239,515.52M
Operating cash flow 63,713.69M

Currency in PHP

Revenue 4,892.37M
Gross profit 1,711.06M
Operating income 928.86M
Income before tax 413.35M
Net income 229.91M
EBITDA 1,286.89M
Diluted EPS 0.03
Dividends per share 0.00
Total assets 13,485.66M
Total liabilities 7,193.81M
Total equity 4,818.01M
Operating cash flow 1,341.69M

Currency in USD

Valuation measures

Dec 2016

PER 44.50
ROA 1.71%
ROE 4.71%
Operating margin 18.98%
Profit margin 4.69%

Key executive

  • Executive Chairman & Chief Executive Officer: James L. Go
  • President, COO & Executive Director: Lance Yu Gokongwei
  • Senior Vice President & Controller: Constante T. Santos
  • Senior Vice President & General Counsel: Maria Celia H. Fernandez-Estavillo
  • Treasurer & Vice President: Aldrich T. Javellana

Share holders

  • Gokongwei Brothers Foundation, Inc.(27.8%)
  • GOKONGWEI LANCE YU(7.5%)
  • Ego Investments Holdings Ltd.(3.7%)
  • GOKONGWEI PE ROBINA Y(2.5%)
  • GO JAMES L(2.0%)
  • GOKONGWEI CHENG LIZA YU(1.9%)
  • Gosotto & Co., Inc.(1.4%)
  • The Vanguard Group, Inc.(1.3%)
  • GOKONGWEI FAITH ONG(1.3%)
  • GOKONGWEI MARCIA(1.3%)

Address

  • Website: http://www.jgsummit.com.ph
  • Address: Robinsons Equitable Tower, ADB Avenue corner Poveda Road, Pasig City, 1600, Philippines
  • Phone: +63.2.633.7631

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