View Financial HealthSan Miguel 배당 및 자사주 매입배당 기준 점검 3/6San Miguel 수익으로 충분히 충당되는 현재 수익률 2.2% 보유한 배당금 지급 회사입니다.핵심 정보2.2%배당 수익률0.05%자사주 매입 수익률총 주주 수익률2.3%미래 배당 수익률n/a배당 성장률0%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향33%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jun 11First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 25th June 2026 Payment date: 22nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (3% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • Jun 09San Miguel Corporation Declares Cash Dividend, Payable on July 22, 2026San Miguel Corporation at the Regular Meeting of the Board of Directors of San Miguel Corporation (the Corporation) held on June 9, 2026, 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 July 22, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of May 31, 2026. Payment shall be made to the stockholders of record of the aforementioned common shares as of June 26, 2026. The books of the Corporation will be closed from June 29, 2026 to July 3, 2026.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.공고 • 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.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%).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.모든 업데이트 보기Recent updates공고 • 9hSan Miguel Corporation to Report Q2, 2026 Results on Aug 17, 2026San Miguel Corporation announced that they will report Q2, 2026 results at 9:30 AM, Singapore Standard Time on Aug 17, 2026Declared Dividend • Jun 11First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 25th June 2026 Payment date: 22nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (3% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • Jun 09San Miguel Corporation Declares Cash Dividend, Payable on July 22, 2026San Miguel Corporation at the Regular Meeting of the Board of Directors of San Miguel Corporation (the Corporation) held on June 9, 2026, 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 July 22, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of May 31, 2026. Payment shall be made to the stockholders of record of the aforementioned common shares as of June 26, 2026. The books of the Corporation will be closed from June 29, 2026 to July 3, 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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%).공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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%).공고 • 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.공고 • 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.공고 • 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%).공고 • 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.공고 • 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%).공고 • 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%).지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: SMC 의 주당 배당금은 지난 10 년 동안 안정적이었습니다.배당금 증가: SMC 의 배당금 지급액은 지난 10 년 동안 증가하지 않았습니다.배당 수익률 vs 시장San Miguel 배당 수익률 vs 시장SMC의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SMC)2.2%시장 하위 25% (PH)2.7%시장 상위 25% (PH)6.5%업계 평균 (Industrials)3.4%분석가 예측 (SMC) (최대 3년)n/a주목할만한 배당금: SMC 의 배당금( 2.2% )은 PH 시장에서 배당금 지급자의 하위 25%( 2.75% )와 비교해 주목할 만하지 않습니다.고배당: SMC 의 배당금( 2.2% )은 PH 시장에서 배당금 지급자의 상위 25%( 6.48% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 32.6% )로 SMC 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 3.3% )이 낮기 때문에 SMC 의 배당금 지급은 현금 흐름으로 완전히 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YPH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/06 09:19종가2026/08/06 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스San Miguel Corporation는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Karisa MagpayoCitigroup IncGregg Adrian IlagDaiwa Securities Co. Ltd.Miang Chuen KohGoldman Sachs1명의 분석가 더 보기
Declared Dividend • Jun 11First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 25th June 2026 Payment date: 22nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (3% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • Jun 09San Miguel Corporation Declares Cash Dividend, Payable on July 22, 2026San Miguel Corporation at the Regular Meeting of the Board of Directors of San Miguel Corporation (the Corporation) held on June 9, 2026, 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 July 22, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of May 31, 2026. Payment shall be made to the stockholders of record of the aforementioned common shares as of June 26, 2026. The books of the Corporation will be closed from June 29, 2026 to July 3, 2026.
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.
공고 • 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.
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%).
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.
공고 • 9hSan Miguel Corporation to Report Q2, 2026 Results on Aug 17, 2026San Miguel Corporation announced that they will report Q2, 2026 results at 9:30 AM, Singapore Standard Time on Aug 17, 2026
Declared Dividend • Jun 11First quarter dividend of ₱0.35 announcedDividend of ₱0.35 is the same as last year. Ex-date: 25th June 2026 Payment date: 22nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (3% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • Jun 09San Miguel Corporation Declares Cash Dividend, Payable on July 22, 2026San Miguel Corporation at the Regular Meeting of the Board of Directors of San Miguel Corporation (the Corporation) held on June 9, 2026, 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 July 22, 2026, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of May 31, 2026. Payment shall be made to the stockholders of record of the aforementioned common shares as of June 26, 2026. The books of the Corporation will be closed from June 29, 2026 to July 3, 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • 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%).
공고 • 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%).