San Miguel（SMC）株式概要サンミゲル・コーポレーションは世界中で食品・飲料、包装、エネルギー、燃料・石油、インフラ、セメント、不動産事業に従事している。 詳細SMC ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績1/6財務の健全性1/6配当金3/6報酬当社が推定した公正価値より94.7%で取引されている リスク分析利払いは収益で十分にカバーされない 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るSMC Community Fair Values Create NarrativeSee what 61 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₱Current Price₱67.5099.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-17b3t2016201920222025202620282031Revenue ₱2.6tEarnings ₱16.8bAdvancedSet Fair ValueView all narrativesSan Miguel Corporation 競合他社Aboitiz Equity VenturesSymbol: PSE:AEVMarket cap: ₱171.3bLT GroupSymbol: PSE:LTGMarket cap: ₱162.0bJG Summit HoldingsSymbol: PSE:JGSMarket cap: ₱203.1bDMCI HoldingsSymbol: PSE:DMCMarket cap: ₱122.0b価格と性能株価の高値、安値、推移の概要San Miguel過去の株価現在の株価₱67.5052週高値₱86.0052週安値₱54.25ベータ-0.201ヶ月の変化-3.85%3ヶ月変化-3.02%1年変化-15.68%3年間の変化-36.56%5年間の変化-41.81%IPOからの変化0.75%最新ニュースReported Earnings • May 17First quarter 2026 earnings released: EPS: ₱2.31 (vs ₱12.25 in 1Q 2025)First quarter 2026 results: EPS: ₱2.31 (down from ₱12.25 in 1Q 2025). Revenue: ₱428.3b (up 19% from 1Q 2025). Net income: ₱7.56b (down 72% from 1Q 2025). Profit margin: 1.8% (down from 7.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Large one-off items impacting financial results.Reported Earnings • Apr 17Full year 2025 earnings released: EPS: ₱13.65 (vs ₱7.10 loss in FY 2024)Full year 2025 results: EPS: ₱13.65 (up from ₱7.10 loss in FY 2024). Revenue: ₱1.49t (down 5.7% from FY 2024). Net income: ₱41.3b (up ₱58.2b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 14Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th March 2026 Payment date: 17th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 7.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 12San Miguel Corporation, Annual General Meeting, Jun 09, 2026San Miguel Corporation, Annual General Meeting, Jun 09, 2026, at 14:00 W. Australia Standard Time.お知らせ • Dec 06San Miguel Corporation Declares Cash Dividend, Payable on January 23, 2026San Miguel Corporation at its board meeting held on December 4, 2025 declared cash dividend of PHP 0.35 per common share. The dividend payment date is on January 23, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of October 31, 2025. Payment shall be made to the stockholders of record of the aforementioned common shares as of January 2, 2026. The books of the Corporation will be closed from January 5 to 9, 2026.最新情報をもっと見るRecent updatesReported Earnings • May 17First quarter 2026 earnings released: EPS: ₱2.31 (vs ₱12.25 in 1Q 2025)First quarter 2026 results: EPS: ₱2.31 (down from ₱12.25 in 1Q 2025). Revenue: ₱428.3b (up 19% from 1Q 2025). Net income: ₱7.56b (down 72% from 1Q 2025). Profit margin: 1.8% (down from 7.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Large one-off items impacting financial results.Reported Earnings • Apr 17Full year 2025 earnings released: EPS: ₱13.65 (vs ₱7.10 loss in FY 2024)Full year 2025 results: EPS: ₱13.65 (up from ₱7.10 loss in FY 2024). Revenue: ₱1.49t (down 5.7% from FY 2024). Net income: ₱41.3b (up ₱58.2b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 14Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th March 2026 Payment date: 17th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 7.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 12San Miguel Corporation, Annual General Meeting, Jun 09, 2026San Miguel Corporation, Annual General Meeting, Jun 09, 2026, at 14:00 W. Australia Standard Time.お知らせ • Dec 06San Miguel Corporation Declares Cash Dividend, Payable on January 23, 2026San Miguel Corporation at its board meeting held on December 4, 2025 declared cash dividend of PHP 0.35 per common share. The dividend payment date is on January 23, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of October 31, 2025. Payment shall be made to the stockholders of record of the aforementioned common shares as of January 2, 2026. The books of the Corporation will be closed from January 5 to 9, 2026.お知らせ • Oct 21San Miguel Corporation Provides Update on the Disclosure Re Reconsideration of Imposition of PenaltySan Miguel Corporation received, October 20, 2025, via e-mail, a copy of Letter-Response of the Office of the General Accountant (OGA) of the Securities and Exchange Commission (SEC) denying the request for reconsideration submitted by the Corporation on October 10, 2025 relating to the imposition of a penalty on the Corporation for a violation of the provisions of the Revised SRC Rule 68. No further action shall be taken by the Corporation with respect to the Letter-Response of the OGA.Upcoming Dividend • Sep 25Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 02 October 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Filipino dividend payers (6.1%). Lower than average of industry peers (2.7%).New Risk • Aug 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ₱3.43 (vs ₱5.36 loss in 2Q 2024)Second quarter 2025 results: EPS: ₱3.43 (up from ₱5.36 loss in 2Q 2024). Revenue: ₱357.3b (down 9.8% from 2Q 2024). Net income: ₱10.6b (up ₱22.2b from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Declared Dividend • Jun 12First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 26th June 2025 Payment date: 23rd July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 11San Miguel Corporation Announces Election of DirectorsSan Miguel Corporation announced that at Annual Stockholders' Meeting held on June 10, 2025 following directors were elected: Cecile L. Ang, Thomas A. Tan, Douglas L. LuYm, Bryan U. Villanueva, and Joseph N. Pineda.New Risk • May 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.お知らせ • May 20MPTC Ready to Resume Merger Talks with SMCMetro Pacific Tollways Corp. (MPTC) said it is ready to resume merger talks with San Miguel Corporation (PSE:SMC) after deferring discussions amid fundraising activities. “We would like to engage them because everybody has reported their first-quarter results already. We can go back to work. If we are going to do it, we might as well do it as expeditiously as possible,” MPTC Chairman Manuel V. Pangilinan told reporters on the sidelines of an event last week. “We just have to sit down and really try to thresh it out. [SMC] is doing very well.” MPTC said earlier that its planned tollway merger with SMC has no definite completion date yet but intends to finalize the deal this year. The tollway arm of MPIC said the company aims for a 50-50 split in the planned merger with SMC, describing it as the ideal structure for the joint venture.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ₱11.67 (vs ₱0.95 loss in 1Q 2024)First quarter 2025 results: EPS: ₱11.67 (up from ₱0.95 loss in 1Q 2024). Revenue: ₱360.9b (down 8.1% from 1Q 2024). Net income: ₱30.2b (up ₱32.6b from 1Q 2024). Profit margin: 8.4% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Apr 28Mitsui Eyes MPIC Stake in Toll UnitMitsui & Co., Ltd. (TSE:8031) has expressed interest to buy Metro Pacific Investment Corp.’s (Metro Pacific Investments Corporation) (MPIC) 20% stake in Metro Pacific Tollways Corp. (Metro Pacific Tollways Corporation) (MPTC) before the latter resumes merger negotiations with San Miguel Corporation (PSE:SMC), MPIC Chairman and Chief Executive Officer Manuel V. Pangilinan said. “We have to raise money first, once we finish that, then we will resume [merger talks with San Miguel Corp.],” he told reporters on the sidelines of the VITRO Sta. Rosa data center inauguration last week. “They (Mitsui) already converted half of their MPIC shares to shares of MPTC.” Mr. Pangilinan earlier said the sale of their toll interest is part of a plan to raise PHP 30 billion to PHP 50 billion through a private placement to cut MPTC’s debt. MPTC is trying to raise funds before it resumes merger talks with San Miguel. MPIC owns 99.9% of MPTC, whose debt accounts for most of MPIC’s PHP 64.99-billion short-term debt and the portion of its long-term debt as of end-2024.Reported Earnings • Apr 17Full year 2024 earnings released: ₱7.10 loss per share (vs ₱2.51 loss in FY 2023)Full year 2024 results: ₱7.10 loss per share (further deteriorated from ₱2.51 loss in FY 2023). Revenue: ₱1.58t (up 8.9% from FY 2023). Net loss: ₱16.9b (loss widened 182% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Declared Dividend • Mar 15Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th March 2025 Payment date: 25th April 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.お知らせ • Mar 13+ 1 more updateSan Miguel Corporation, Annual General Meeting, Jun 10, 2025San Miguel Corporation, Annual General Meeting, Jun 10, 2025, at 14:00 W. Australia Standard Time.お知らせ • Mar 03Metro Pacific Tollways Defers Merger Discussions with San Miguel to Focus on Raising Funds to Pay Down DebtMetro Pacific Tollways Corporation (MPTC) has deferred merger discussions with San Miguel Corporation (PSE:SMC) to focus on raising funds to pay down debt, its Chairman said. “We deferred the discussion with them because MPTC is raising money. We have significant debts. So, once we have achieved that, then we can resume the discussion,” MPTC Chairman Manuel V. Pangilinan told reporters last week. MPTC expects to raise funds within the next two to three months via bank loans or private placements, Mr. Pangilinan said. For now, the planned tollway merger with SMC has no definite completion date, although Mr. Pangilinan said he hopes it can be completed within the year. MPTC’s Mr. Perez previously said that the company aimed for a 50-50 split in the planned merger with SMC, describing it as the ideal structure for the joint venture. The company plans to leverage its international assets, with reports suggesting a 90-10 division favoring SMC in the expected tollway merger. “Whatever it takes to make that happen — the 50-50 — if we’re going to include the international assets, we will include. For now, our mandate is to have a 50-50 arrangement,” Mr. Perez said in an earlier interview.お知らせ • Jan 16+ 1 more updateSan Miguel Corporation Announces CFO Changes, Effective February 1, 2025San Miguel Corporation at the Regular Meeting of the Board of Directors held on January 16, 2025, appointed Mr. Bryan U. Villanueva as Chief Finance Officer to replace Mr. Ferdinand K. Constantino as Chief Finance Officer of the Corporation, effective February 1, 2025. Mr. Constantino will remain as advisor of the Corporation and the Board of Directors.Upcoming Dividend • Dec 26Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 02 January 2025. Payment date: 24 January 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Filipino dividend payers (6.7%). Lower than average of industry peers (2.3%).Declared Dividend • Dec 07Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 2nd January 2025 Payment date: 24th January 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.お知らせ • Dec 05San Miguel Corporation Declares Cash Dividends, Payable on January 24, 2025San Miguel Corporation at its Board of Directors meeting held on December 5, 2024, the Board of Directors of the Corporation declared cash dividends on the common shares of the Corporation in the amount of PHP 0.35 per common share. The dividend payment date is on January 24, 2025, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of September 30, 2024. Payment shall be made to the stockholders of record of the aforementioned common shares as of January 3, 2025.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱4.74 (vs ₱0.87 loss in 3Q 2023)Third quarter 2024 results: EPS: ₱4.74 (up from ₱0.87 loss in 3Q 2023). Revenue: ₱390.5b (up 3.9% from 3Q 2023). Net income: ₱13.7b (up ₱15.3b from 3Q 2023). Profit margin: 3.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Nov 14Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 21 November 2024. Payment date: 02 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Filipino dividend payers (6.5%). Lower than average of industry peers (2.3%).お知らせ • Sep 23+ 1 more updateSan Miguel Corporation(PSE:SMC) dropped from FTSE All-World Index (USD)San Miguel Corporation(PSE:SMC) dropped from FTSE All-World Index (USD)Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₱396.3b (up 17% from 2Q 2023). Net loss: ₱9.21b (loss narrowed 2.6% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • Aug 08San Miguel Corporation Elects Felipe M. Medalla as an Independent DirectorSan Miguel Corporation at the Regular Meeting of the Board of Directors held on August 8, 2024, the Board of Directors of the Corporation, constituting a quorum, voted to elect Dr. Felipe M. Medalla as an independent director of the Corporation to fill the vacancy in the Board of Directors of the Corporation due to the resignation of Mr. Ramon F. Villavicencio. Dr. Medalla was the Governor and Chairman of the Monetary Board of the Bangko Sentral ng Pilipinas from July 1, 2022 to July 2, 2023. He was a member of the Monetary Board from 2011 to 2022. He was the Secretary of the Socio-Economic Planning and Director General of the National Economic and Development Authority from 1998 to 2001. Prior to being a member of the Monetary Board, he spent 35 years as a member of the academe. He was Dean of the School of Economics at the University of the Philippines - Diliman from 1994 to 1998, where he was also a Professor from 1991 to 2011, and an Instructor, Assistant Professor and Associate Professor from 1976 to 1991. Dr. Medalla obtained his PhD degree in Economics from the Notherwestern University, Evanston Illinois, USA in 1983. He earned his MA Economics degree from the University of the Philippines in 1976, and his AB-BSC (Economics-Accounting) degree cum laude from De La Salle University in 1970. He brings with him years of economics and finance experience from the perspective of the government sector, all of which equip him with expertise and proficiency in attending to the needs and requirements of the Company. Dr. Medalla shall serve as an Independent Director for the unexpired term of his predecessor.Declared Dividend • Jun 13First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th June 2024 Payment date: 26th July 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.お知らせ • Jun 13+ 1 more updateSan Miguel Corporation Announces Management ChangesSan Miguel Corporation announced that at its the organizational meeting of the board of directors of the company held on June 11, 2024, elected Mary Rose S. Tan as Assistant Corporate Secretary; List of Committees and Membership: Executive Committee, Ramon S. Ang Chairman; John Paul L. Ang, Member; Menardo R. Jimenez, Member; Estelito P. Mendoza, Member; Inio Zobel, Member. Audit and Risk Oversight Committee: Margarito B. Teves, Chairman (Independent Director); Teresita J. Leonardo-De Castro, Member (Independent Director); Estelito P. Mendoza, Member; Diosdado M. Peralta, Member (Independent Director); Reynato S. Puno, Member (Independent Director). Corporate Governance Committee: Reynato S. Puno Chairman (Independent Director), Aurora T. Calderon, Member; Menardo R. Jimenez, Member; Margarito B. Teves, Member (Independent Director); Diosdado M. Peralta, Member (independent Director). Related Party Transactions Committee: Teresita J. Leonardo-De Castro, Chairman (Independent Director); Joselito D. Campos, Jr., Member; Alexander J. Poblador, Member; Reynato S. Puno, Member (Independent Director); Margarito B. Teves, Member (Independent Director). Sustainability Committee: Teresita J. Leonardo-De Castro, Chairman (Independent Director); Aurora T. Calderon, Member; Diosdado M. Peralta, Member (Independent Director); Ernesto M. Pernia, Member; Alexander J. Poblador, Member.Reported Earnings • May 17First quarter 2024 earnings released: ₱0.78 loss per share (vs ₱2.77 profit in 1Q 2023)First quarter 2024 results: ₱0.78 loss per share (down from ₱2.77 profit in 1Q 2023). Revenue: ₱392.7b (up 13% from 1Q 2023). Net income: ₱509.0m (down 93% from 1Q 2023). Profit margin: 0.1% (down from 2.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 17Full year 2023 earnings released: EPS: ₱2.51 (vs ₱8.15 loss in FY 2022)Full year 2023 results: EPS: ₱2.51 (up from ₱8.15 loss in FY 2022). Revenue: ₱1.45t (down 4.0% from FY 2022). Net income: ₱198.0m (up ₱19.6b from FY 2022). Profit margin: 0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 19Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 26 March 2024. Payment date: 26 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (2.1%).Declared Dividend • Mar 13Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 26th March 2024 Payment date: 26th April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.お知らせ • Mar 12San Miguel Corporation Declares Cash Dividends on Common Shares, Payable on April 26, 2024San Miguel Corporation announced At the regular Meeting of the Board of Directors held March 11, 2024, the Board of Directors of the Corporation declared cash dividends of PHP 0.35 on the common shares of the Corporation. Record Date is March 27, 2024. Payment Date is April 26, 2024.お知らせ • Mar 11San Miguel Corporation, Annual General Meeting, Jun 11, 2024San Miguel Corporation, Annual General Meeting, Jun 11, 2024, at 14:00 China Standard Time.Upcoming Dividend • Dec 28Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 26 January 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.9%). Lower than average of industry peers (2.2%).お知らせ • Dec 07San Miguel Corporation Declares Cash Dividend, Payable on January 26, 2024San Miguel Corporation announced that at its board meeting held on December 7, 2023, declared cash dividends on the common shares of the corporation in the amount of PHP 0.35 per share. The dividends payment date is January 26, 2024, to all the common shareholders of Record date is January 5, 2024. The dividends shall be paid out of the unrestricted retained earnings of the corporation distributable as dividends as of October 31, 2023.お知らせ • Nov 18The Bureau of Internal Revenue Wins Tax Case Versus San Miguel CorporationThe bureau of internal revenue (BIR) won tax case versus San Miguel Corporation. The supreme court has rejected San Miguel Corp.'s bid to claim a PHP 30.4 million tax refund. BIR Commissioner Romeo Lumagui Jr. said the high court, in an April 12, 2023 decision, had ruled that the conglomerate was not entitled to a refund of documentary stamp taxes (DST) on intercompany advances made in 2009 based on Section 179 of the National Internal Revenue Code. The court of tax appeals had previously approved part of San Miguel's tax refund request, specially that pertaining to PHP 15,916,794.59 in interest. The high court reversed that decision, stating that San Miguel could not claim ggod faith based on previous BIR issuances as those issuances were not in its favor. The appellate court has reasoned that the company acted in good faith by relying on earlier BIR issuances stating that intercompany loans and advances covered by interoffice memoranda were not subject to DST.Reported Earnings • Nov 17Third quarter 2023 earnings released: ₱0.87 loss per share (vs ₱6.46 loss in 3Q 2022)Third quarter 2023 results: ₱0.87 loss per share (improved from ₱6.46 loss in 3Q 2022). Revenue: ₱375.9b (down 6.3% from 3Q 2022). Net loss: ₱1.58b (loss narrowed 89% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.お知らせ • Oct 25San Miguel to Acquire an Equity Stake in Metro Pacific InvestmentsBillionaire Ramon Ang of San Miguel Corp. (PSE:SMC) will acquire an equity stake in Metro Pacific Investments Corporation (OTCPK:MPCF.F) at the invitation of tycoon Manuel Pangilinan-a move that will see the once fierce rivals become close business allies. The Inquirer learned from several sources that Ang, who heads the country's biggest conglomerate, would join the board of MPIC as part of his buy-in of a yet-undisclosed minority stake in the group, which also includes the Ty family's GT Capital Holdings and one of Indonesia's wealthiest men, billionaire Anthoni Salim. According to a ranking Metro Pacific source, the entry of the SMC president and chief executive into MPIC was a prelude to the eventual merger of the toll road businesses of both conglomerates-SMC Tollways and Metro Pacific Tollways Corp., respectively-into one super entity. 'Assuming that doesn't run into antitrust issues, that deal could potentially be a huge initial public offering,' the official said.Upcoming Dividend • Sep 28Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 05 October 2023. Payment date: 27 October 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.6%). Lower than average of industry peers (2.3%).お知らせ • Sep 08San Miguel Corporation Declares Cash Dividends, Payable on October 27, 2023San Miguel Corporation announced that at its board meeting held on September 7, 2023, declared cash dividends on the common shares of the corporation in the amount of PHP 0.35 per share. The dividends payment date is October 27, 2023, to be paid out of the unrestricted retained earnings of the corporation distributable as dividends as of August 31, 2023. Record date is October 6, 2023.Reported Earnings • Aug 17Second quarter 2023 earnings released: ₱3.97 loss per share (vs ₱3.99 loss in 2Q 2022)Second quarter 2023 results: ₱3.97 loss per share (improved from ₱3.99 loss in 2Q 2022). Revenue: ₱338.5b (down 14% from 2Q 2022). Net loss: ₱8.95b (loss narrowed 3.9% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.お知らせ • Jul 06San Miguel Corporation Announces Creation of Sustainability Committee and Appointment of MembersSan Miguel Corporation at its board meeting held on June 6, 2023, approved the creation of Sustainability Committee and the appointment of its members, namely: Chairperson: Teresita L. De Castro and Members: Aurora T. Calderon, Diosdado M. Peralta, Ernesto M. Pernia and Alexander J. Poblador.Upcoming Dividend • Jun 20Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 26 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.8%). Lower than average of industry peers (2.1%).お知らせ • Jun 14San Miguel Corporation Declares Cash Dividend, Payable on July 26, 2023San Miguel Corporation announced that at the regular Meeting of the Board of Directors of the company held on June 13, 2023, the Board of Directors of the Corporation declared cash dividend of PHP 0.35 per share on the common shares of the Corporation. The dividend payment date is on July 26, 2023, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of May 31, 2023, Payment shall be made to the stockholders of record of the aforementioned common shares as of June 30, 2023 The books of the Corporation will be closed from July 3 to 7, 2023.Reported Earnings • Apr 19Full year 2022 earnings released: ₱8.15 loss per share (vs ₱2.48 profit in FY 2021)Full year 2022 results: ₱8.15 loss per share (down from ₱2.48 profit in FY 2021). Revenue: ₱1.51t (up 60% from FY 2021). Net loss: ₱19.4b (down 428% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 21Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 March 2023. Payment date: 28 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.3%). Lower than average of industry peers (1.9%).Upcoming Dividend • Dec 27Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 03 January 2023. Payment date: 27 January 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Filipino dividend payers (5.6%). Lower than average of industry peers (1.8%).Reported Earnings • Nov 19Third quarter 2022 earnings released: ₱6.46 loss per share (vs ₱1.35 loss in 3Q 2021)Third quarter 2022 results: ₱6.46 loss per share (further deteriorated from ₱1.35 loss in 3Q 2021). Revenue: ₱401.1b (up 67% from 3Q 2021). Net loss: ₱14.8b (loss widened 446% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 27Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 04 October 2022. Payment date: 28 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Filipino dividend payers (5.3%). Lower than average of industry peers (2.0%).Reported Earnings • Aug 19Second quarter 2022 earnings released: ₱3.89 loss per share (vs ₱0.70 profit in 2Q 2021)Second quarter 2022 results: ₱3.89 loss per share (down from ₱0.70 profit in 2Q 2021). Revenue: ₱394.7b (up 89% from 2Q 2021). Net loss: ₱8.75b (down ₱10.9b from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 21% compared to a 3.0% growth forecast for the Industrials industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 21Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 27 July 2022. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Filipino dividend payers (4.9%). Lower than average of industry peers (1.7%).Reported Earnings • Apr 27Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₱2.48 (up from ₱1.66 loss in FY 2020). Revenue: ₱941.2b (up 30% from FY 2020). Net income: ₱5.92b (up ₱9.89b from FY 2020). Profit margin: 0.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 9.7% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 22Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 29 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 48% and the cash payout ratio is 90%. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (4.2%). In line with average of industry peers (1.3%).Upcoming Dividend • Dec 22Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 January 2022. Payout ratio is a comfortable 48% and the cash payout ratio is 90%. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.1%). In line with average of industry peers (1.1%).Reported Earnings • Nov 22Third quarter 2021 earnings: EPS and revenues miss analyst expectationsThird quarter 2021 results: ₱1.35 loss per share (down from ₱2.24 profit in 3Q 2020). Revenue: ₱240.4b (up 35% from 3Q 2020). Net loss: ₱2.72b (down 147% from profit in 3Q 2020). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 8.3%, compared to a 11% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 28Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 05 October 2021. Payment date: 29 October 2021. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.2%). In line with average of industry peers (1.1%).Upcoming Dividend • Jun 22Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 July 2021. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.1%). In line with average of industry peers (1.1%).Executive Departure • Jun 01Head of Treasury & Senior VP has left the companyOn the 31st of May, Eduaro Sergio Edeza's tenure as Head of Treasury & Senior VP ended after 7.8 years in the role. As of March 2021, Eduaro Sergio personally held only 62.00 shares (₱7.4k worth at the time). A total of 3 executives have left over the last 12 months.Reported Earnings • May 21First quarter 2021 earnings released: EPS ₱2.98 (vs ₱1.25 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱201.2b (down 6.0% from 1Q 2020). Net income: ₱7.10b (up ₱10.1b from 1Q 2020). Profit margin: 3.5% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 20Full year 2020 earnings released: ₱1.66 loss per share (vs ₱5.93 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱725.8b (down 29% from FY 2019). Net income: ₱2.97b (down 79% from FY 2019). Profit margin: 0.4% (down from 1.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 22Upcoming Dividend of ₱0.35 Per ShareWill be paid on the 30th of April to those who are registered shareholders by the 29th of March. The trailing yield of 1.2% is below the top quartile of Filipino dividend payers (4.2%), but is in line with industry peers (1.2%).Is New 90 Day High Low • Mar 12New 90-day low: ₱121The company is down 12% from its price of ₱138 on 11 December 2020. The Filipino market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is down 5.0% over the same period.Upcoming Dividend • Dec 16Upcoming Dividend of ₱0.35 Per ShareWill be paid on the 22nd of January to those who are registered shareholders by the 23rd of December. The trailing yield of 1.0% is below the top quartile of Filipino dividend payers (3.9%), but is in line with industry peers (1.1%).Is New 90 Day High Low • Dec 11New 90-day high: ₱138The company is up 37% from its price of ₱101 on 11 September 2020. The Filipino market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱16.60 per share.Price Target Changed • Nov 28Price target lowered to ₱95.00Down from ₱107, the current price target is an average from 2 analysts. The new target price is 26% below the current share price of ₱128. As of last close, the stock is down 20% over the past year.Is New 90 Day High Low • Nov 12New 90-day high: ₱107The company is up 3.0% from its price of ₱104 on 14 August 2020. The Filipino market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱22.15 per share.Is New 90 Day High Low • Oct 22New 90-day high: ₱106The company is up 8.0% from its price of ₱97.80 on 24 July 2020. The Filipino market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱20.98 per share.Upcoming Dividend • Sep 29Upcoming Dividend of ₱0.35 Per ShareWill be paid on the 30th of October to those who are registered shareholders by the 6th of October. The trailing yield of 1.4% is below the top quartile of Filipino dividend payers (4.6%), but is in line with industry peers (1.4%).株主還元SMCPH IndustrialsPH 市場7D-3.5%0.5%-0.4%1Y-15.7%-16.6%-11.2%株主還元を見る業界別リターン: SMC過去 1 年間で-16.2 % のリターンをもたらしたPH Industrials業界と一致しました。リターン対市場: SMCは、過去 1 年間で-10.8 % のリターンを上げたPH市場を下回りました。価格変動Is SMC's price volatile compared to industry and market?SMC volatilitySMC Average Weekly Movement3.6%Industrials Industry Average Movement4.5%Market Average Movement5.2%10% most volatile stocks in PH Market10.4%10% least volatile stocks in PH Market2.8%安定した株価: SMC 、 PH市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: SMCの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト189058,890Ramon Angwww.sanmiguel.com.phサンミゲル・コーポレーションは、食品・飲料、包装、エネルギー、燃料・石油、インフラストラクチャー、セメント、不動産事業を世界中で展開している。食品・飲料部門は、飼料生産、養鶏・畜産、鶏肉・食肉製品・冷蔵加工肉・缶詰の加工・販売、小麦粉・ミックス粉・ベーカリー原料の製粉・製造・販売、バター・マーガリン・チーズ・牛乳・アイスクリーム・ゼリー系スナック・デザート・油脂・サラダ補助食品・スナック・調味料の製造、コーヒー・コーヒー関連製品の輸入・販売、穀物ターミナル業務を行っている。また、発酵飲料、麦芽飲料、ノンアルコール飲料、ジン、紹興酒、ブランデー、ラム酒、ウォッカなどのハードリカーも生産、販売、マーケティングを行っている。パッケージング部門は、ガラス容器と金型、ポリエチレンテレフタレート（PET）ボトルとプリフォーム、PETリサイクル、プラスチックと金属クロージャー、段ボール箱、ポリプロピレン織布、クラフトサックと板紙、パレット、フレキシブルパッケージング、アルミ缶、織布製品、工業用ラミネート、放射バリア、プラスチッククレート、床材、フィルム、トレイ、ペール缶、桶などのパッケージング製品を生産・販売している。また、クレートやプラスチックパレットのリース、ペットボトル充填グラフィックのデザイン、パッケージング研究とテスト、パッケージング開発とコンサルティング、受託パッケージングと取引も行っている。エネルギー部門は電力の発電、販売、小売、配給を行っている。燃料・石油部門は石油製品の精製・販売を行っている。インフラストラクチャー部門は、有料道路、空港、鉄道、バルク水などのインフラストラクチャー・プロジェクトを建設・開発する。また、不動産の開発、管理、賃貸、販売、ホテルの運営、セメントの販売も行っている。同社は1890年に設立され、フィリピンのマンダルヨン市に本社を置く。サンミゲル・コーポレーションはトップ・フロンティア・インベストメント・ホールディングスの子会社である。もっと見るSan Miguel Corporation 基礎のまとめSan Miguel の収益と売上を時価総額と比較するとどうか。SMC 基礎統計学時価総額₱160.91b収益（TTM）₱9.89b売上高(TTM)₱1.55t16.3xPER（株価収益率0.1xP/SレシオSMC は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SMC 損益計算書（TTM）収益₱1.55t売上原価₱1.26t売上総利益₱296.35bその他の費用₱286.46b収益₱9.89b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）4.15グロス・マージン19.09%純利益率0.64%有利子負債／自己資本比率220.5%SMC の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.1%現在の配当利回り36%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 02:05終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋San Miguel Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Karisa MagpayoCitigroup IncGregg Adrian IlagDaiwa Securities Co. Ltd.Miang Chuen KohGoldman Sachs1 その他のアナリストを表示
Reported Earnings • May 17First quarter 2026 earnings released: EPS: ₱2.31 (vs ₱12.25 in 1Q 2025)First quarter 2026 results: EPS: ₱2.31 (down from ₱12.25 in 1Q 2025). Revenue: ₱428.3b (up 19% from 1Q 2025). Net income: ₱7.56b (down 72% from 1Q 2025). Profit margin: 1.8% (down from 7.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: ₱13.65 (vs ₱7.10 loss in FY 2024)Full year 2025 results: EPS: ₱13.65 (up from ₱7.10 loss in FY 2024). Revenue: ₱1.49t (down 5.7% from FY 2024). Net income: ₱41.3b (up ₱58.2b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 14Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th March 2026 Payment date: 17th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 7.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 12San Miguel Corporation, Annual General Meeting, Jun 09, 2026San Miguel Corporation, Annual General Meeting, Jun 09, 2026, at 14:00 W. Australia Standard Time.
お知らせ • Dec 06San Miguel Corporation Declares Cash Dividend, Payable on January 23, 2026San Miguel Corporation at its board meeting held on December 4, 2025 declared cash dividend of PHP 0.35 per common share. The dividend payment date is on January 23, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of October 31, 2025. Payment shall be made to the stockholders of record of the aforementioned common shares as of January 2, 2026. The books of the Corporation will be closed from January 5 to 9, 2026.
Reported Earnings • May 17First quarter 2026 earnings released: EPS: ₱2.31 (vs ₱12.25 in 1Q 2025)First quarter 2026 results: EPS: ₱2.31 (down from ₱12.25 in 1Q 2025). Revenue: ₱428.3b (up 19% from 1Q 2025). Net income: ₱7.56b (down 72% from 1Q 2025). Profit margin: 1.8% (down from 7.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: ₱13.65 (vs ₱7.10 loss in FY 2024)Full year 2025 results: EPS: ₱13.65 (up from ₱7.10 loss in FY 2024). Revenue: ₱1.49t (down 5.7% from FY 2024). Net income: ₱41.3b (up ₱58.2b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 14Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th March 2026 Payment date: 17th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 7.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 12San Miguel Corporation, Annual General Meeting, Jun 09, 2026San Miguel Corporation, Annual General Meeting, Jun 09, 2026, at 14:00 W. Australia Standard Time.
お知らせ • Dec 06San Miguel Corporation Declares Cash Dividend, Payable on January 23, 2026San Miguel Corporation at its board meeting held on December 4, 2025 declared cash dividend of PHP 0.35 per common share. The dividend payment date is on January 23, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of October 31, 2025. Payment shall be made to the stockholders of record of the aforementioned common shares as of January 2, 2026. The books of the Corporation will be closed from January 5 to 9, 2026.
お知らせ • Oct 21San Miguel Corporation Provides Update on the Disclosure Re Reconsideration of Imposition of PenaltySan Miguel Corporation received, October 20, 2025, via e-mail, a copy of Letter-Response of the Office of the General Accountant (OGA) of the Securities and Exchange Commission (SEC) denying the request for reconsideration submitted by the Corporation on October 10, 2025 relating to the imposition of a penalty on the Corporation for a violation of the provisions of the Revised SRC Rule 68. No further action shall be taken by the Corporation with respect to the Letter-Response of the OGA.
Upcoming Dividend • Sep 25Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 02 October 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Filipino dividend payers (6.1%). Lower than average of industry peers (2.7%).
New Risk • Aug 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ₱3.43 (vs ₱5.36 loss in 2Q 2024)Second quarter 2025 results: EPS: ₱3.43 (up from ₱5.36 loss in 2Q 2024). Revenue: ₱357.3b (down 9.8% from 2Q 2024). Net income: ₱10.6b (up ₱22.2b from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Declared Dividend • Jun 12First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 26th June 2025 Payment date: 23rd July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 11San Miguel Corporation Announces Election of DirectorsSan Miguel Corporation announced that at Annual Stockholders' Meeting held on June 10, 2025 following directors were elected: Cecile L. Ang, Thomas A. Tan, Douglas L. LuYm, Bryan U. Villanueva, and Joseph N. Pineda.
New Risk • May 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
お知らせ • May 20MPTC Ready to Resume Merger Talks with SMCMetro Pacific Tollways Corp. (MPTC) said it is ready to resume merger talks with San Miguel Corporation (PSE:SMC) after deferring discussions amid fundraising activities. “We would like to engage them because everybody has reported their first-quarter results already. We can go back to work. If we are going to do it, we might as well do it as expeditiously as possible,” MPTC Chairman Manuel V. Pangilinan told reporters on the sidelines of an event last week. “We just have to sit down and really try to thresh it out. [SMC] is doing very well.” MPTC said earlier that its planned tollway merger with SMC has no definite completion date yet but intends to finalize the deal this year. The tollway arm of MPIC said the company aims for a 50-50 split in the planned merger with SMC, describing it as the ideal structure for the joint venture.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ₱11.67 (vs ₱0.95 loss in 1Q 2024)First quarter 2025 results: EPS: ₱11.67 (up from ₱0.95 loss in 1Q 2024). Revenue: ₱360.9b (down 8.1% from 1Q 2024). Net income: ₱30.2b (up ₱32.6b from 1Q 2024). Profit margin: 8.4% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Apr 28Mitsui Eyes MPIC Stake in Toll UnitMitsui & Co., Ltd. (TSE:8031) has expressed interest to buy Metro Pacific Investment Corp.’s (Metro Pacific Investments Corporation) (MPIC) 20% stake in Metro Pacific Tollways Corp. (Metro Pacific Tollways Corporation) (MPTC) before the latter resumes merger negotiations with San Miguel Corporation (PSE:SMC), MPIC Chairman and Chief Executive Officer Manuel V. Pangilinan said. “We have to raise money first, once we finish that, then we will resume [merger talks with San Miguel Corp.],” he told reporters on the sidelines of the VITRO Sta. Rosa data center inauguration last week. “They (Mitsui) already converted half of their MPIC shares to shares of MPTC.” Mr. Pangilinan earlier said the sale of their toll interest is part of a plan to raise PHP 30 billion to PHP 50 billion through a private placement to cut MPTC’s debt. MPTC is trying to raise funds before it resumes merger talks with San Miguel. MPIC owns 99.9% of MPTC, whose debt accounts for most of MPIC’s PHP 64.99-billion short-term debt and the portion of its long-term debt as of end-2024.
Reported Earnings • Apr 17Full year 2024 earnings released: ₱7.10 loss per share (vs ₱2.51 loss in FY 2023)Full year 2024 results: ₱7.10 loss per share (further deteriorated from ₱2.51 loss in FY 2023). Revenue: ₱1.58t (up 8.9% from FY 2023). Net loss: ₱16.9b (loss widened 182% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Declared Dividend • Mar 15Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th March 2025 Payment date: 25th April 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.
お知らせ • Mar 13+ 1 more updateSan Miguel Corporation, Annual General Meeting, Jun 10, 2025San Miguel Corporation, Annual General Meeting, Jun 10, 2025, at 14:00 W. Australia Standard Time.
お知らせ • Mar 03Metro Pacific Tollways Defers Merger Discussions with San Miguel to Focus on Raising Funds to Pay Down DebtMetro Pacific Tollways Corporation (MPTC) has deferred merger discussions with San Miguel Corporation (PSE:SMC) to focus on raising funds to pay down debt, its Chairman said. “We deferred the discussion with them because MPTC is raising money. We have significant debts. So, once we have achieved that, then we can resume the discussion,” MPTC Chairman Manuel V. Pangilinan told reporters last week. MPTC expects to raise funds within the next two to three months via bank loans or private placements, Mr. Pangilinan said. For now, the planned tollway merger with SMC has no definite completion date, although Mr. Pangilinan said he hopes it can be completed within the year. MPTC’s Mr. Perez previously said that the company aimed for a 50-50 split in the planned merger with SMC, describing it as the ideal structure for the joint venture. The company plans to leverage its international assets, with reports suggesting a 90-10 division favoring SMC in the expected tollway merger. “Whatever it takes to make that happen — the 50-50 — if we’re going to include the international assets, we will include. For now, our mandate is to have a 50-50 arrangement,” Mr. Perez said in an earlier interview.
お知らせ • Jan 16+ 1 more updateSan Miguel Corporation Announces CFO Changes, Effective February 1, 2025San Miguel Corporation at the Regular Meeting of the Board of Directors held on January 16, 2025, appointed Mr. Bryan U. Villanueva as Chief Finance Officer to replace Mr. Ferdinand K. Constantino as Chief Finance Officer of the Corporation, effective February 1, 2025. Mr. Constantino will remain as advisor of the Corporation and the Board of Directors.
Upcoming Dividend • Dec 26Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 02 January 2025. Payment date: 24 January 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Filipino dividend payers (6.7%). Lower than average of industry peers (2.3%).
Declared Dividend • Dec 07Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 2nd January 2025 Payment date: 24th January 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.
お知らせ • Dec 05San Miguel Corporation Declares Cash Dividends, Payable on January 24, 2025San Miguel Corporation at its Board of Directors meeting held on December 5, 2024, the Board of Directors of the Corporation declared cash dividends on the common shares of the Corporation in the amount of PHP 0.35 per common share. The dividend payment date is on January 24, 2025, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of September 30, 2024. Payment shall be made to the stockholders of record of the aforementioned common shares as of January 3, 2025.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱4.74 (vs ₱0.87 loss in 3Q 2023)Third quarter 2024 results: EPS: ₱4.74 (up from ₱0.87 loss in 3Q 2023). Revenue: ₱390.5b (up 3.9% from 3Q 2023). Net income: ₱13.7b (up ₱15.3b from 3Q 2023). Profit margin: 3.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Nov 14Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 21 November 2024. Payment date: 02 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Filipino dividend payers (6.5%). Lower than average of industry peers (2.3%).
お知らせ • Sep 23+ 1 more updateSan Miguel Corporation(PSE:SMC) dropped from FTSE All-World Index (USD)San Miguel Corporation(PSE:SMC) dropped from FTSE All-World Index (USD)
Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₱396.3b (up 17% from 2Q 2023). Net loss: ₱9.21b (loss narrowed 2.6% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 08San Miguel Corporation Elects Felipe M. Medalla as an Independent DirectorSan Miguel Corporation at the Regular Meeting of the Board of Directors held on August 8, 2024, the Board of Directors of the Corporation, constituting a quorum, voted to elect Dr. Felipe M. Medalla as an independent director of the Corporation to fill the vacancy in the Board of Directors of the Corporation due to the resignation of Mr. Ramon F. Villavicencio. Dr. Medalla was the Governor and Chairman of the Monetary Board of the Bangko Sentral ng Pilipinas from July 1, 2022 to July 2, 2023. He was a member of the Monetary Board from 2011 to 2022. He was the Secretary of the Socio-Economic Planning and Director General of the National Economic and Development Authority from 1998 to 2001. Prior to being a member of the Monetary Board, he spent 35 years as a member of the academe. He was Dean of the School of Economics at the University of the Philippines - Diliman from 1994 to 1998, where he was also a Professor from 1991 to 2011, and an Instructor, Assistant Professor and Associate Professor from 1976 to 1991. Dr. Medalla obtained his PhD degree in Economics from the Notherwestern University, Evanston Illinois, USA in 1983. He earned his MA Economics degree from the University of the Philippines in 1976, and his AB-BSC (Economics-Accounting) degree cum laude from De La Salle University in 1970. He brings with him years of economics and finance experience from the perspective of the government sector, all of which equip him with expertise and proficiency in attending to the needs and requirements of the Company. Dr. Medalla shall serve as an Independent Director for the unexpired term of his predecessor.
Declared Dividend • Jun 13First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 27th June 2024 Payment date: 26th July 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.
お知らせ • Jun 13+ 1 more updateSan Miguel Corporation Announces Management ChangesSan Miguel Corporation announced that at its the organizational meeting of the board of directors of the company held on June 11, 2024, elected Mary Rose S. Tan as Assistant Corporate Secretary; List of Committees and Membership: Executive Committee, Ramon S. Ang Chairman; John Paul L. Ang, Member; Menardo R. Jimenez, Member; Estelito P. Mendoza, Member; Inio Zobel, Member. Audit and Risk Oversight Committee: Margarito B. Teves, Chairman (Independent Director); Teresita J. Leonardo-De Castro, Member (Independent Director); Estelito P. Mendoza, Member; Diosdado M. Peralta, Member (Independent Director); Reynato S. Puno, Member (Independent Director). Corporate Governance Committee: Reynato S. Puno Chairman (Independent Director), Aurora T. Calderon, Member; Menardo R. Jimenez, Member; Margarito B. Teves, Member (Independent Director); Diosdado M. Peralta, Member (independent Director). Related Party Transactions Committee: Teresita J. Leonardo-De Castro, Chairman (Independent Director); Joselito D. Campos, Jr., Member; Alexander J. Poblador, Member; Reynato S. Puno, Member (Independent Director); Margarito B. Teves, Member (Independent Director). Sustainability Committee: Teresita J. Leonardo-De Castro, Chairman (Independent Director); Aurora T. Calderon, Member; Diosdado M. Peralta, Member (Independent Director); Ernesto M. Pernia, Member; Alexander J. Poblador, Member.
Reported Earnings • May 17First quarter 2024 earnings released: ₱0.78 loss per share (vs ₱2.77 profit in 1Q 2023)First quarter 2024 results: ₱0.78 loss per share (down from ₱2.77 profit in 1Q 2023). Revenue: ₱392.7b (up 13% from 1Q 2023). Net income: ₱509.0m (down 93% from 1Q 2023). Profit margin: 0.1% (down from 2.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 17Full year 2023 earnings released: EPS: ₱2.51 (vs ₱8.15 loss in FY 2022)Full year 2023 results: EPS: ₱2.51 (up from ₱8.15 loss in FY 2022). Revenue: ₱1.45t (down 4.0% from FY 2022). Net income: ₱198.0m (up ₱19.6b from FY 2022). Profit margin: 0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 19Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 26 March 2024. Payment date: 26 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Filipino dividend payers (5.7%). Lower than average of industry peers (2.1%).
Declared Dividend • Mar 13Third quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 26th March 2024 Payment date: 26th April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability.
お知らせ • Mar 12San Miguel Corporation Declares Cash Dividends on Common Shares, Payable on April 26, 2024San Miguel Corporation announced At the regular Meeting of the Board of Directors held March 11, 2024, the Board of Directors of the Corporation declared cash dividends of PHP 0.35 on the common shares of the Corporation. Record Date is March 27, 2024. Payment Date is April 26, 2024.
お知らせ • Mar 11San Miguel Corporation, Annual General Meeting, Jun 11, 2024San Miguel Corporation, Annual General Meeting, Jun 11, 2024, at 14:00 China Standard Time.
Upcoming Dividend • Dec 28Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 26 January 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.9%). Lower than average of industry peers (2.2%).
お知らせ • Dec 07San Miguel Corporation Declares Cash Dividend, Payable on January 26, 2024San Miguel Corporation announced that at its board meeting held on December 7, 2023, declared cash dividends on the common shares of the corporation in the amount of PHP 0.35 per share. The dividends payment date is January 26, 2024, to all the common shareholders of Record date is January 5, 2024. The dividends shall be paid out of the unrestricted retained earnings of the corporation distributable as dividends as of October 31, 2023.
お知らせ • Nov 18The Bureau of Internal Revenue Wins Tax Case Versus San Miguel CorporationThe bureau of internal revenue (BIR) won tax case versus San Miguel Corporation. The supreme court has rejected San Miguel Corp.'s bid to claim a PHP 30.4 million tax refund. BIR Commissioner Romeo Lumagui Jr. said the high court, in an April 12, 2023 decision, had ruled that the conglomerate was not entitled to a refund of documentary stamp taxes (DST) on intercompany advances made in 2009 based on Section 179 of the National Internal Revenue Code. The court of tax appeals had previously approved part of San Miguel's tax refund request, specially that pertaining to PHP 15,916,794.59 in interest. The high court reversed that decision, stating that San Miguel could not claim ggod faith based on previous BIR issuances as those issuances were not in its favor. The appellate court has reasoned that the company acted in good faith by relying on earlier BIR issuances stating that intercompany loans and advances covered by interoffice memoranda were not subject to DST.
Reported Earnings • Nov 17Third quarter 2023 earnings released: ₱0.87 loss per share (vs ₱6.46 loss in 3Q 2022)Third quarter 2023 results: ₱0.87 loss per share (improved from ₱6.46 loss in 3Q 2022). Revenue: ₱375.9b (down 6.3% from 3Q 2022). Net loss: ₱1.58b (loss narrowed 89% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 25San Miguel to Acquire an Equity Stake in Metro Pacific InvestmentsBillionaire Ramon Ang of San Miguel Corp. (PSE:SMC) will acquire an equity stake in Metro Pacific Investments Corporation (OTCPK:MPCF.F) at the invitation of tycoon Manuel Pangilinan-a move that will see the once fierce rivals become close business allies. The Inquirer learned from several sources that Ang, who heads the country's biggest conglomerate, would join the board of MPIC as part of his buy-in of a yet-undisclosed minority stake in the group, which also includes the Ty family's GT Capital Holdings and one of Indonesia's wealthiest men, billionaire Anthoni Salim. According to a ranking Metro Pacific source, the entry of the SMC president and chief executive into MPIC was a prelude to the eventual merger of the toll road businesses of both conglomerates-SMC Tollways and Metro Pacific Tollways Corp., respectively-into one super entity. 'Assuming that doesn't run into antitrust issues, that deal could potentially be a huge initial public offering,' the official said.
Upcoming Dividend • Sep 28Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 05 October 2023. Payment date: 27 October 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.6%). Lower than average of industry peers (2.3%).
お知らせ • Sep 08San Miguel Corporation Declares Cash Dividends, Payable on October 27, 2023San Miguel Corporation announced that at its board meeting held on September 7, 2023, declared cash dividends on the common shares of the corporation in the amount of PHP 0.35 per share. The dividends payment date is October 27, 2023, to be paid out of the unrestricted retained earnings of the corporation distributable as dividends as of August 31, 2023. Record date is October 6, 2023.
Reported Earnings • Aug 17Second quarter 2023 earnings released: ₱3.97 loss per share (vs ₱3.99 loss in 2Q 2022)Second quarter 2023 results: ₱3.97 loss per share (improved from ₱3.99 loss in 2Q 2022). Revenue: ₱338.5b (down 14% from 2Q 2022). Net loss: ₱8.95b (loss narrowed 3.9% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 06San Miguel Corporation Announces Creation of Sustainability Committee and Appointment of MembersSan Miguel Corporation at its board meeting held on June 6, 2023, approved the creation of Sustainability Committee and the appointment of its members, namely: Chairperson: Teresita L. De Castro and Members: Aurora T. Calderon, Diosdado M. Peralta, Ernesto M. Pernia and Alexander J. Poblador.
Upcoming Dividend • Jun 20Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 26 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.8%). Lower than average of industry peers (2.1%).
お知らせ • Jun 14San Miguel Corporation Declares Cash Dividend, Payable on July 26, 2023San Miguel Corporation announced that at the regular Meeting of the Board of Directors of the company held on June 13, 2023, the Board of Directors of the Corporation declared cash dividend of PHP 0.35 per share on the common shares of the Corporation. The dividend payment date is on July 26, 2023, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of May 31, 2023, Payment shall be made to the stockholders of record of the aforementioned common shares as of June 30, 2023 The books of the Corporation will be closed from July 3 to 7, 2023.
Reported Earnings • Apr 19Full year 2022 earnings released: ₱8.15 loss per share (vs ₱2.48 profit in FY 2021)Full year 2022 results: ₱8.15 loss per share (down from ₱2.48 profit in FY 2021). Revenue: ₱1.51t (up 60% from FY 2021). Net loss: ₱19.4b (down 428% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 21Upcoming dividend of ₱0.35 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 March 2023. Payment date: 28 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (5.3%). Lower than average of industry peers (1.9%).
Upcoming Dividend • Dec 27Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 03 January 2023. Payment date: 27 January 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Filipino dividend payers (5.6%). Lower than average of industry peers (1.8%).
Reported Earnings • Nov 19Third quarter 2022 earnings released: ₱6.46 loss per share (vs ₱1.35 loss in 3Q 2021)Third quarter 2022 results: ₱6.46 loss per share (further deteriorated from ₱1.35 loss in 3Q 2021). Revenue: ₱401.1b (up 67% from 3Q 2021). Net loss: ₱14.8b (loss widened 446% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 27Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 04 October 2022. Payment date: 28 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Filipino dividend payers (5.3%). Lower than average of industry peers (2.0%).
Reported Earnings • Aug 19Second quarter 2022 earnings released: ₱3.89 loss per share (vs ₱0.70 profit in 2Q 2021)Second quarter 2022 results: ₱3.89 loss per share (down from ₱0.70 profit in 2Q 2021). Revenue: ₱394.7b (up 89% from 2Q 2021). Net loss: ₱8.75b (down ₱10.9b from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 21% compared to a 3.0% growth forecast for the Industrials industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 21Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 27 July 2022. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Filipino dividend payers (4.9%). Lower than average of industry peers (1.7%).
Reported Earnings • Apr 27Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₱2.48 (up from ₱1.66 loss in FY 2020). Revenue: ₱941.2b (up 30% from FY 2020). Net income: ₱5.92b (up ₱9.89b from FY 2020). Profit margin: 0.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 9.7% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 22Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 29 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 48% and the cash payout ratio is 90%. Trailing yield: 1.3%. Lower than top quartile of Filipino dividend payers (4.2%). In line with average of industry peers (1.3%).
Upcoming Dividend • Dec 22Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 January 2022. Payout ratio is a comfortable 48% and the cash payout ratio is 90%. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.1%). In line with average of industry peers (1.1%).
Reported Earnings • Nov 22Third quarter 2021 earnings: EPS and revenues miss analyst expectationsThird quarter 2021 results: ₱1.35 loss per share (down from ₱2.24 profit in 3Q 2020). Revenue: ₱240.4b (up 35% from 3Q 2020). Net loss: ₱2.72b (down 147% from profit in 3Q 2020). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 8.3%, compared to a 11% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 28Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 05 October 2021. Payment date: 29 October 2021. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.2%). In line with average of industry peers (1.1%).
Upcoming Dividend • Jun 22Upcoming dividend of ₱0.35 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 July 2021. Trailing yield: 1.2%. Lower than top quartile of Filipino dividend payers (4.1%). In line with average of industry peers (1.1%).
Executive Departure • Jun 01Head of Treasury & Senior VP has left the companyOn the 31st of May, Eduaro Sergio Edeza's tenure as Head of Treasury & Senior VP ended after 7.8 years in the role. As of March 2021, Eduaro Sergio personally held only 62.00 shares (₱7.4k worth at the time). A total of 3 executives have left over the last 12 months.
Reported Earnings • May 21First quarter 2021 earnings released: EPS ₱2.98 (vs ₱1.25 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱201.2b (down 6.0% from 1Q 2020). Net income: ₱7.10b (up ₱10.1b from 1Q 2020). Profit margin: 3.5% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 20Full year 2020 earnings released: ₱1.66 loss per share (vs ₱5.93 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱725.8b (down 29% from FY 2019). Net income: ₱2.97b (down 79% from FY 2019). Profit margin: 0.4% (down from 1.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 22Upcoming Dividend of ₱0.35 Per ShareWill be paid on the 30th of April to those who are registered shareholders by the 29th of March. The trailing yield of 1.2% is below the top quartile of Filipino dividend payers (4.2%), but is in line with industry peers (1.2%).
Is New 90 Day High Low • Mar 12New 90-day low: ₱121The company is down 12% from its price of ₱138 on 11 December 2020. The Filipino market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is down 5.0% over the same period.
Upcoming Dividend • Dec 16Upcoming Dividend of ₱0.35 Per ShareWill be paid on the 22nd of January to those who are registered shareholders by the 23rd of December. The trailing yield of 1.0% is below the top quartile of Filipino dividend payers (3.9%), but is in line with industry peers (1.1%).
Is New 90 Day High Low • Dec 11New 90-day high: ₱138The company is up 37% from its price of ₱101 on 11 September 2020. The Filipino market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱16.60 per share.
Price Target Changed • Nov 28Price target lowered to ₱95.00Down from ₱107, the current price target is an average from 2 analysts. The new target price is 26% below the current share price of ₱128. As of last close, the stock is down 20% over the past year.
Is New 90 Day High Low • Nov 12New 90-day high: ₱107The company is up 3.0% from its price of ₱104 on 14 August 2020. The Filipino market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱22.15 per share.
Is New 90 Day High Low • Oct 22New 90-day high: ₱106The company is up 8.0% from its price of ₱97.80 on 24 July 2020. The Filipino market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₱20.98 per share.
Upcoming Dividend • Sep 29Upcoming Dividend of ₱0.35 Per ShareWill be paid on the 30th of October to those who are registered shareholders by the 6th of October. The trailing yield of 1.4% is below the top quartile of Filipino dividend payers (4.6%), but is in line with industry peers (1.4%).
