Asia300

Metro Pacific Investments Corp.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 18, 2017
Prev close: 6.7
Aug 18, 2017
Market cap:
Market cap(USD):
211,117.40M
4,100.95M
Shares: 31,510.06M

Currency in PHP

Company profile

Market(Ticker): PHS(MPI)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 49

Business summary

Metro Pacific Investments Corp. engages in real estate and infrastructure project investment. It operates through the following segments: Water Utilities, Toll Operations, Power Distribution, Hospital Operations, Rail, Logistics, and Others. The Water Utilities segment engages in the provision of water and sewerage services. The Toll Operations segment engages in the maintenance and operations of toll facilities. The Power Distribution segment involves in the distribution and supply of electricity. The Hospital Operations segment is into the operation and administration of hospitals, medical and chemical clinics, laboratories, and nursing and medical schools. The Logistics segment involves services in areas of logistics, warehousing, toll manufacturing, transportation, and distribution. The Others segment represents operations of subsidiaries involved in the provision of services, including real estate investments and operations. The company was founded on March 20, 2006 and is headquartered in Makati, Philippines.

Company background

Metro Pacific Investments (MPIC) is a major infrastructure developer in the Philippines. Majority share holder is Hong Kong-listed First Pacific, which is controlled by Indonesia's Salim Group. Metro Pacific owns Manila Electric, Maynilad Water Services, Metro Pacific Tollways, and eight other hospitals. Manila Electric is the Philippines' largest power distributor, serving metropolitan Manila and nearby provinces.

Maynilad, meanwhile, distributes water to more than a million Philippine households mainly in the capital. Metro Pacific Tollways controls the 84km North Luzon Expressway and 45km Manila-Cavite Expressway. MPT has offered to take over the concession of 94km Subic-Clark-Tarlac Expressway. In October 2014, the Philippine government awarded a contract to MPIC-controlled Light Rail Manila Consortium to expand and run Manila's longest overhead railway. The company has also expanded abroad, taking a stake of nearly 33% in Bangkok-based Don Muang Tollway Public Co. and 70% of a Singapore-based liquefied natural gas company.

The chairman is Wharton-educated Manuel V. Pangilinan, who came from a middle-class family. Pangilinan began his career as a banker in 1970s Hong Kong. It was during this time he met Anthoni Salim in a client call, and from there, the two set up First Pacific, which has become an investment powerhouse.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 44,820M
Gross profit 25,622M
Operating income 17,224.4M
Income before tax 14,129M
Net income 11,456M
EBITDA 22,237.4M
Diluted EPS 0.38
Dividends per share 0.1
Total assets 351,602M
Total liabilities 163,521M
Total equity 152,032M
Operating cash flow 20,596M

Currency in PHP

Revenue 943.82M
Gross profit 539.55M
Operating income 362.71M
Income before tax 297.53M
Net income 241.24M
EBITDA 468.27M
Diluted EPS 0.00
Dividends per share 0.00
Total assets 7,072.70M
Total liabilities 3,289.33M
Total equity 3,058.22M
Operating cash flow 433.71M

Currency in USD

Valuation measures

Dec 2016

PER 17.48
ROA 3.50%
ROE 8.42%
Operating margin 38.43%
Profit margin 25.56%

Key executive

  • President, Chief Executive Officer & Director: Jose Maria K. Lim
  • Chief Financial Officer & Director: David John Nicol
  • Vice President & Group Controller: Maida B. Bruce
  • Chief Investment Officer: Joseph Lacson
  • Chief Risk Officer & Assistant Vice President: Santhea V. Delos Santos

Share holders

  • First Pacific Co. Ltd.(41.9%)
  • GT Capital Holdings, Inc.(15.5%)
  • Cartica Management LLC(5.0%)
  • The Vanguard Group, Inc.(1.4%)
  • Norges Bank Investment Management(1.2%)
  • Pictet Asset Management SA(0.8%)
  • BlackRock Fund Advisors(0.7%)
  • BAMCO, Inc.(0.4%)
  • APG Asset Management NV(0.4%)
  • Invesco Advisers, Inc.(0.3%)

Address

  • Website: http://www.mpic.com.ph
  • Address: 10/F Makati General Office Building, Legaspi corner Dela Rosa Street, Makati City, 0721, Philippines
  • Phone: +63.2.888.0888

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