JG Summit Holdings Past Earnings Performance

Past criteria checks 3/6

JG Summit Holdings's earnings have been declining at an average annual rate of -8.8%, while the Industrials industry saw earnings growing at 6.8% annually. Revenues have been growing at an average rate of 6.5% per year. JG Summit Holdings's return on equity is 8.4%, and it has net margins of 6.8%.

Key information

-8.8%

Earnings growth rate

-8.9%

EPS growth rate

Industrials Industry Growth	6.2%
Revenue growth rate	6.5%
Return on equity	8.4%
Net Margin	6.8%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How JG Summit Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:JGS Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	368,726	25,101	60,093
31 Mar 24	358,487	25,703	58,503
31 Dec 23	343,969	19,327	55,665
30 Sep 23	335,753	15,488	52,886
30 Jun 23	318,855	12,455	51,659
31 Mar 23	319,722	6,977	50,958
31 Dec 22	301,908	-928	49,673
30 Sep 22	270,560	-6,493	26,874
30 Jun 22	249,926	-11,796	27,129
31 Mar 22	223,144	-10,750	27,136
31 Dec 21	221,280	-7,567	46,193
30 Sep 21	217,650	-4,300	32,062
30 Jun 21	213,473	131	31,425
31 Mar 21	198,001	-3,608	30,377
31 Dec 20	195,044	-2,712	29,499
30 Sep 20	225,917	9,558	34,681
30 Jun 20	251,656	12,616	36,398
31 Mar 20	295,251	26,718	38,645
31 Dec 19	285,313	30,906	33,830
30 Sep 19	305,637	25,450	39,729
30 Jun 19	305,971	26,731	38,208
31 Mar 19	296,984	20,808	37,484
31 Dec 18	291,916	19,174	35,771
30 Sep 18	287,494	22,913	37,207
30 Jun 18	283,355	24,553	36,599
31 Mar 18	276,084	26,668	35,548
31 Dec 17	273,445	29,358	35,137
30 Sep 17	265,344	9,085	35,448
30 Jun 17	255,598	8,018	33,559
31 Mar 17	247,418	8,790	32,161
31 Dec 16	240,503	10,908	30,616
30 Sep 16	237,289	29,562	30,875
30 Jun 16	234,812	26,706	30,385
31 Mar 16	232,810	26,247	28,932
31 Dec 15	229,272	22,601	27,570
30 Sep 15	221,354	18,642	27,493
30 Jun 15	208,768	18,803	24,999
31 Mar 15	198,447	18,840	23,560
31 Dec 14	184,812	18,237	21,890
30 Sep 14	172,404	17,716	22,597
30 Jun 14	164,626	18,116	21,574
31 Mar 14	155,252	10,945	19,845
31 Dec 13	150,348	10,427	18,437

Quality Earnings: JGS has a large one-off gain of ₱8.3B impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: JGS's current net profit margins (6.8%) are higher than last year (3.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: JGS's earnings have declined by 8.8% per year over the past 5 years.

Accelerating Growth: JGS's earnings growth over the past year (101.5%) exceeds its 5-year average (-8.8% per year).

Earnings vs Industry: JGS earnings growth over the past year (101.5%) exceeded the Industrials industry 11.4%.

JG Summit Holdings Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2024 earnings released: EPS: ₱1.46 (vs ₱0.61 in 1Q 2023)

Full year 2023 earnings released: EPS: ₱2.53 (vs ₱0.12 loss in FY 2022)

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2023 earnings released: EPS: ₱0.67 (vs ₱0.062 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: ₱0.66 (vs ₱0.37 loss in 1Q 2022)

Recent updates

Price target decreased by 8.5% to ₱40.63

Consensus EPS estimates increase by 16%

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 8.5% to ₱44.38

JG Summit Holdings, Inc. Approves the Election of Governance, Nomination, Remuneration, and Sustainability Committee (GNRSC) Members

Dividend increased to ₱0.42

First quarter 2024 earnings released: EPS: ₱1.46 (vs ₱0.61 in 1Q 2023)

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on June 5, 2024

GoTyme Bank Corporation acquired SAVii New Cross Private Limited.

Full year 2023 earnings released: EPS: ₱2.53 (vs ₱0.12 loss in FY 2022)

JG Summit Holdings, Inc., Annual General Meeting, Jun 03, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

JG Summit Holdings, Inc. Announces Executive Changes

Chief Strategy Officer recently bought ₱1.9m worth of stock

Second quarter 2023 earnings released: EPS: ₱0.67 (vs ₱0.062 loss in 2Q 2022)

JG Summit Holdings, Inc. Appoints Patrick Henry C. Go as Executive Director, Effective August 1, 2023

JG Summit Holdings, Inc. Announces Management Changes

Upcoming dividend of ₱0.40 per share at 0.8% yield

First quarter 2023 earnings released: EPS: ₱0.66 (vs ₱0.37 loss in 1Q 2022)

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on June 14, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to ₱50.37

Less than half of directors are independent

Price target decreased to ₱50.37

Price target decreased to ₱56.20

Second quarter 2022 earnings released: EPS: ₱0.09 (vs ₱0.078 in 2Q 2021)

JG Summit Holdings, Inc. Announces Change in Designation, Promotion and Appointment of Officers

Jg Summit Holdings, Inc. Announces Resignation of Carlos G. Santos, as Vice President, Corporate Services and Chief Information Officer

Upcoming dividend of ₱0.40 per share

First quarter 2022 earnings: EPS misses analyst expectations

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on June 14, 2022

Less than half of directors are independent

Full year 2021 earnings: EPS misses analyst expectations

JG Summit Holdings, Inc. Announces Appointment of Laurinda R. Rogero as Chief Compliance Officer

Third quarter 2021 earnings released: ₱0.45 loss per share (vs ₱0.11 profit in 3Q 2020)

Price target increased to ₱67.24

Non-Executive Director Lily Ngochua has left the company

Second quarter 2021 earnings released

Senior VP, CFO & Compliance Officer Francisco Del Mundo has left the company

Senior Vice President of Corporate Human Resources Group Nicasio Lim has left the company

Upcoming dividend of ₱0.38 per share

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on July 7, 2021

First quarter 2021 earnings released: EPS ₱0.016 (vs ₱0.25 in 1Q 2020)

Full year 2020 earnings released: ₱0.06 loss per share (vs ₱4.16 profit in FY 2019)

JG Summit Holdings, Inc., Annual General Meeting, May 14, 2021

Analysts update estimates

Investor sentiment deteriorated over the past week

New 90-day low: ₱60.80

Analysts update estimates

New 90-day high: ₱74.15

Meralco PowerGen Corporation entered into an agreement to acquire additional 30% stake in Global Business Power Corporation from JG Summit Holdings, Inc. (PSE:JGS) for PHP 12 billion.

Analysts update estimates

Price target raised to ₱54.04

Third quarter 2020 earnings released: EPS ₱0.11

Revenue and earnings miss expectations

Market bids up stock over the past week

New 90-day high: ₱74.00

Jg Summit Holdings, Inc. Announces Demise of Emmanuel "Boyet" B. De Pano, Vice President of Corporate Internal Audit

New 90-day high: ₱69.55

New 90-day high: ₱64.25

New 90-day high: ₱66.60

New 90-day low: ₱59.30

Analysts update estimates

Price target raised to ₱51.94

First half earnings released

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis