JG Summit Holdings (PSE:JGS) - Share price, News & Analysis

JGS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

JGS Stock Overview

Rewards

Trading at 72.6% below our estimate of its fair value

Earnings are forecast to grow 90.8% per year

Risk Analysis

Interest payments are not well covered by earnings

JG Summit Holdings Competitors

Dow

NYSE:DOW

US$49.1b

Siam Cement

SET:SCC

฿433.2b

Lotte Chemical

KOSE:A011170

₩6.7t

Travel + Leisure

NYSE:TNL

US$4.1b

Price History & Performance

Summary of all time highs, changes and price drops for JG Summit Holdings
Historical stock prices
Current Share Price	₱52.10
52 Week High	₱68.50
52 Week Low	₱49.15
Beta	0.98
1 Month Change	-8.60%
3 Month Change	-18.34%
1 Year Change	4.20%
3 Year Change	-8.83%
5 Year Change	-31.53%
Change since IPO	692.83%

Shareholder Returns

	JGS	PH Industrials	PH Market
7D	-1.7%	3.0%	2.5%
1Y	4.2%	-0.6%	7.9%

Return vs Industry: JGS matched the PH Industrials industry which returned -0.6% over the past year.

Return vs Market: JGS underperformed the PH Market which returned 7.9% over the past year.

Price Volatility

Is JGS's price volatile compared to industry and market?
JGS volatility
JGS Average Weekly Movement	5.8%
Industrials Industry Average Movement	4.9%
Market Average Movement	5.6%
10% most volatile stocks in PH Market	10.1%
10% least volatile stocks in PH Market	3.1%

Stable Share Price: JGS is not significantly more volatile than the rest of PH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: JGS's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1957	22,827	Lance Gokongwei	https://www.jgsummit.com.ph

JG Summit Holdings, Inc. engages in consumer foods, agro-industrial and commodity food products, real property development, hotels, banking and financial services, telecommunications, petrochemicals, air transportation, and power distribution businesses. Its Foods, Agro-Industrial and Commodities segment is involved in the manufacture of snack foods, granulated and pre-mixed coffee, chocolates, candies, biscuits, instant noodles, ice cream and frozen novelties, pasta and tomato-based products, and canned beans; raising hogs and chickens; manufacture and distribution of animal feeds, corn products, and vegetable oils; synthesis of veterinary compounds; sugar milling and refining; and flour milling. The company’s Air Transportation segment offers passenger and cargo air transport services.

JG Summit Holdings Fundamentals Summary

How do JG Summit Holdings's earnings and revenue compare to its market cap?
JGS fundamental statistics
Market Cap	₱391.84b
Earnings (TTM)	-₱8.88b
Revenue (TTM)	₱234.79b

1.7x

P/S Ratio

-44.1x

P/E Ratio

Is JGS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JGS income statement (TTM)
Revenue	₱234.79b
Cost of Revenue	₱172.49b
Gross Profit	₱62.30b
Other Expenses	₱71.18b
Earnings	-₱8.88b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.18
Gross Margin	26.53%
Net Profit Margin	-3.78%
Debt/Equity Ratio	69.9%

How did JGS perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

-32%

Payout Ratio

Valuation

Is JG Summit Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: JGS (₱50) is trading below our estimate of fair value (₱182.39)

Significantly Below Fair Value: JGS is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: JGS is unprofitable, so we can't compare its Price-To-Earnings Ratio to the PH Industrials industry average.

PE vs Market: JGS is unprofitable, so we can't compare its Price-To-Earnings Ratio to the PH market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JGS's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: JGS's Price-To-Book Ratio (1.1x) is in line with the PH Industrials industry average.

Future Growth

How is JG Summit Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

90.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JGS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (4.9%).

Earnings vs Market: JGS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JGS's is expected to become profitable in the next 3 years.

Revenue vs Market: JGS's revenue (16.8% per year) is forecast to grow faster than the PH market (10.3% per year).

High Growth Revenue: JGS's revenue (16.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if JGS's Return on Equity is forecast to be high in 3 years time

Past Performance

How has JG Summit Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-32.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JGS is currently unprofitable.

Growing Profit Margin: JGS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: JGS is unprofitable, and losses have increased over the past 5 years at a rate of 32.4% per year.

Accelerating Growth: Unable to compare JGS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JGS is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (57.4%).

Return on Equity

High ROE: JGS has a negative Return on Equity (-0.82%), as it is currently unprofitable.

Financial Health

How is JG Summit Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: JGS's short term assets (₱292.7B) do not cover its short term liabilities (₱336.1B).

Long Term Liabilities: JGS's short term assets (₱292.7B) exceed its long term liabilities (₱249.2B).

Debt to Equity History and Analysis

Debt Level: JGS's net debt to equity ratio (45.4%) is considered high.

Reducing Debt: JGS's debt to equity ratio has reduced from 70.3% to 69.9% over the past 5 years.

Debt Coverage: JGS's debt is not well covered by operating cash flow (2.9%).

Interest Coverage: JGS's interest payments on its debt are not well covered by EBIT (1.5x coverage).

Balance Sheet

Dividend

What is JG Summit Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.73%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JGS's dividend (0.76%) isn’t notable compared to the bottom 25% of dividend payers in the PH market (1.41%).

High Dividend: JGS's dividend (0.76%) is low compared to the top 25% of dividend payers in the PH market (4.65%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JGS has been paying a dividend for less than 10 years.

Growing Dividend: JGS's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: JGS is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: JGS is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure

CEO

Lance Gokongwei (54 yo)

20.33yrs

Tenure

Mr. Lance Yu Gokongwei is Transaction Advisor (Tap Member) of Growtheum Capital Partners Pte. Ltd. Mr. Gokongwei serves as Director at Altus Property Venture, Inc. since September 2, 2019 and has been its...

Leadership Team

Experienced Management: JGS's management team is considered experienced (3 years average tenure).

Board Members

Experienced Board: JGS's board of directors are seasoned and experienced ( 16.8 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31