San Miguel Corporation (PSE:SMC)

S&P Issuer Credit Rating FC LT:

Industrial Conglomerates Employees: 45,614 Incorporated: 1890 in PH
NR

San Miguel Corporation engages in food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and banking businesses
40 San Miguel Avenue
worldwide. Its Food and Beverage segment is involved in feeds production; poultry and livestock farming; processing and selling
Mandaluyong City 1550
poultry and meat products and refrigerated processed and canned meat products; milling, producing, and marketing of flour, flour
Philippines
mixes, bakery ingredients, butter, margarine, cheese, milk, ice cream, jelly-based snacks and desserts, oils, salad aids, biscuits, and
Phone: 63 2 8632 3000
condiments; importing and marketing of coffee and coffee-related products; and grain terminal handling. This segment also produces,
www.sanmiguel.com.ph
markets, and sells fermented, malt-based, and non-alcoholic beverages; and hard liquor in the form of...

Key Statistics
12 Months 12 Months 12 Months 12 Months 12 Months EPS Estimate (PHP)
Dec-31-2020A Dec-31-2021A Mar-31-2022A Dec-31-2022E Dec-31-2023E
Total Revenue 725,797.00 941,193.00 1,056,798.00 941,490.22 1,015,907.69
Growth Over Prior Year (28.9%) 29.7% 48.2% - 7.9%
Gross Profit Margin % 20.2% 20.4% 18.9% - -
EBITDA Margin % 14.4% 15.7% 14.3% 17.4% 17.0%
EBIT Margin % 10.1% 12.0% 10.9% 13.3% 13.0%
Net Income Margin % 0.4% 1.5% 1.0% - 2.2% Estimates
Diluted EPS Excl. Extra Items (1.66) 2.48 1.49 8.50 9.35
Recommendation Hold(3.00)
Diluted EPS Excl. Extra Items... - - (42.2%) 242.7% 10.0%
Target Price 135.00000000

Revenue by Business and Geographic Segments (PHP, mm) Forward Multiples

FY2022 FY2023
P/E 12.29x 11.18x
TEV/REV 1.53x 1.41x
TEV/EBITDA 8.75x 8.31x
P/BV 0.69x 0.66x

Competitors - NTM TEV/Fwd EBITDA

* Segments with negative values, such as corporate eliminations, are excluded from the total and percentage
calculations and do not appear on the charts

Top Holders
Common Stock % of Total Shares Market Value
Holder
Equivalent Held Outstanding (PHP in mm)
Top Frontier Investment Holdings, Inc. 1,573,100,340 65.99 164,390.9
Privado Holdings, Corp. 373,623,796 15.67 39,044.1
The Comprehensive Agrarian Reform Program 27,636,339 1.16 2,888.0 Capitalization
The Vanguard Group, Inc. 13,006,221 0.55 1,359.2 Share Price as of Aug-03-2022 104.50
Petron Corporation Employees Retirement Plan 12,237,100 0.51 1,278.8 Shares Out. 2,383.90
Holders as of Thursday, August 04, 2022 Market Capitalization 249,117.19
- Cash & Short Term Investments 302,282.00
Market Data Share Price & Volume (PHP) + Total Debt 1,121,485.00
Last (Delayed) 104.50 Market Cap (mm) 249,117.2 + Pref. Equity 10,187.00
Open 104.80 Shares Out. (mm) 2,383.9 + Total Minority Interest 357,607.00
Previous Close 104.50 Float % 16.2% = Total Enterprise Value (TEV) 1,436,114.19
Change on Day 0.00 Shares Sold... - Impl.Shares Out -
Change % on Day 0.0% Dividend Yield % 1.3% Impl.Market Cap -
Day High/Low 104.80/102.90 Diluted EPS 1.49 Book Value of Common Equity 320,420.00
52 wk High/Low 122.00/98.95 Excl....
P/Diluted EPS... 70.13x + Pref. Equity 10,187.00
Volume (mm) 0.05 Avg 3M Dly Vlm... 0.17 + Total Minority Interest 357,607.00
Beta 5Y 0.88

Key Executives and Board Members

Ang, Ramon S. Vice Chairman, President & CEO Events
Constantino, Ferdinand K. Senior Vice President, CFO & Treasurer Date/Time Event
Navarra, Bella O. Principal Accounting Officer, VP of Corporate Finance Aug-04-2022 Earnings Call
De Guzman, Reynabeth &...
Head of Investor Relations Aug-16-2022 Estimated Earnings Release Date (S&P Global Derived)
D.
Jacinto, Virgilio S. Senior VP, General Counsel, Compliance Officer &...

Date Created: Aug-04-2022 Copyright © 2022 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved.
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