SM Investments Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Frederic DyBuncio

Chief executive officer

₱5.4m

Total compensation

CEO salary percentage	n/a
CEO tenure	7.7yrs
CEO ownership	n/a
Management average tenure	5.4yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO

Frederic DyBuncio (64 yo)

7.7yrs

Tenure

₱5,400,000

Compensation

Mr. Frederic C. DyBuncio, BBM, MBA, has been Adviser to the Board of Pacific Online Systems Corporation since July 25, 2017. Mr. DyBuncio has been the President and Executive Director of SM Investments Cor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frederic DyBuncio	President	7.7yrs	₱5.40m	no data
Harley Sy	Executive Director	no data	₱5.40m	7.61% ₱ 82.1b
Franklin Gomez	Executive Vice President of Finance	11.9yrs	no data	0.0011% ₱ 12.3m
Elizabeth Anne Uychaco	Executive VP	1.7yrs	no data	no data
Arthur Sy	Senior VP of Corporate Legal Affairs & Assistant Corporate Secretary	7.9yrs	no data	no data
Epitacio Borcelis	Senior Vice President of Property Acquisition	no data	no data	no data
Wellington Palmero	Senior VP of Governance	1.7yrs	no data	no data
Hector Sarmiento	Senior Vice President of Data Analytics	6.9yrs	no data	no data
Shiela Alarcio	Chief Audit Executive	less than a year	no data	no data
Ulysses Naguit	Senior Vice President of Information Technology Shared Services	less than a year	no data	0.000010% ₱ 107.9k
Elmer Serrano	Corporate Secretary	10.1yrs	no data	no data
Erwin Pato	Treasurer & Executive Vice President of Finance & Planning	3.9yrs	no data	no data

5.4yrs

Average Tenure

55yo

Average Age

Experienced Management: SM's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frederic DyBuncio	President	7.7yrs	₱5.40m	no data
Harley Sy	Executive Director	31.6yrs	₱5.40m	7.61% ₱ 82.1b
Hans Sy	Adviser to the Board	1.7yrs	no data	8.59% ₱ 92.6b
Elizabeth Sy	Adviser to the Board	1.7yrs	no data	6.31% ₱ 68.1b
Teresita Sy-Coson	Vice Chairperson of the Board	45.6yrs	₱5.40m	7.03% ₱ 75.9b
Jose Sio	Chairman Emeritus	1.5yrs	₱2.78m	0% ₱ 0
Ramon Felicisimo Lopez	Independent Director	2.3yrs	₱5.40m	0.00010% ₱ 1.1m
Henry Sy	Vice Chairman of the Board	45.6yrs	₱5.40m	6.29% ₱ 67.9b
Amando Tetangco	Independent Chairman of the Board	1.5yrs	₱2.93m	0.000010% ₱ 107.9k
Gregorio Domingo	Adviser to the Board	1.7yrs	no data	no data
Tomasa Lipana	Independent Director	8.7yrs	₱5.40m	0.000010% ₱ 107.9k
Robert Vergara	Independent Director	5.7yrs	₱5.40m	0.000010% ₱ 107.9k

4.0yrs

Average Tenure

70yo

Average Age

Experienced Board: SM's board of directors are considered experienced (4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 22:35
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SM Investments Corporation is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russ Toribio	BofA Global Research
Edser Trinidad	CGS International
Rohit Thombre	Citigroup Inc

SM Investments Management

Management criteria checks 4/4

Key information

Recent management updates

Executive Director recently sold ₱6.0m worth of stock

Executive Director recently sold ₱23m worth of stock

SM Investments Corporation Approves Executive Promotion

SM Investments Corporation Announces Executive and Board Changes

SM Investments Corporation Elects Elects Lily K. Gruba as Independent Director

Executive Director recently sold ₱7.4m worth of stock

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Executive Director recently sold ₱6.0m worth of stock

Executive Director recently sold ₱23m worth of stock

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

SM Investments Corporation Approves Executive Promotion

First quarter 2024 earnings: EPS misses analyst expectations

SM Investments Corporation Announces Executive and Board Changes

Dividend increased to ₱9.00

SM Investments Corporation Elects Elects Lily K. Gruba as Independent Director

SM Investments Corporation Declares Dividend for 2023, Payable on May 23, 2024

Executive Director recently sold ₱7.4m worth of stock

SM Investments Corporation (PSE:SM) acquired 28.79% stake in Citicore Energy REIT Corp. (PSE:CREIT) from Citicore Renewable Energy Corporation (PSE:CREC) for PHP5 billion.

Executive Director recently sold ₱148m worth of stock

Consensus EPS estimates increase by 11%

Executive Director recently sold ₱114m worth of stock

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

SM Investments Corporation, Annual General Meeting, Apr 24, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

SM Investments Corporation Announces Change in Officers

Independent Director recently bought ₱872k worth of stock

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Executive Director recently sold ₱7.5m worth of stock

Executive Director recently sold ₱2.3m worth of stock

Executive Director recently sold ₱79m worth of stock

Executive Director recently sold ₱16m worth of stock

Executive Director recently sold ₱9.3m worth of stock

Executive Director recently sold ₱4.9m worth of stock

Executive Director recently sold ₱22m worth of stock

Sm Investments Corporation Announces Executive Changes

Executive Director recently sold ₱22m worth of stock

First quarter 2023 earnings released: EPS: ₱14.16 (vs ₱9.96 in 1Q 2022)

Upcoming dividend of ₱7.50 per share at 0.7% yield

Consensus EPS estimates increase by 21%

Full year 2022 earnings released: EPS: ₱50.88 (vs ₱31.96 in FY 2021)

SM Investments Corporation, Annual General Meeting, Apr 26, 2023

Consensus EPS estimates fall by 10%

Consensus EPS estimates increase by 16%

Less than half of directors are independent

SM Investments Corporation (PSE:SM) completed the acquisition of 16% stake in Airspeed International Corporation from AIC Group Of Companies Holding Corp.

SM Investments Corporation (PSE:SM) agreed to acquire 16% stake in Airspeed International Corporation from AIC Group Of Companies Holding Corp..

Second quarter 2022 earnings released: EPS: ₱11.22 (vs ₱8.82 in 2Q 2021)

Executive Director recently bought ₱5.2b worth of stock

SM Investments Corporation (PSE:SM) acquired 81% stake Philippine Geothermal Production Company, Inc. for PHP 15.8 billion.

Vice Chairperson of the Board recently bought ₱2.3m worth of stock

Vice Chairperson of the Board recently bought ₱8.2m worth of stock

Vice Chairperson of the Board recently bought ₱48m worth of stock

Now 21% undervalued after recent price drop

Vice Chairperson of the Board recently bought ₱385k worth of stock

SM Investments Corporation Announces Resignation of Alfredo E. Pascual as Independent Director

Vice Chairperson of the Board recently bought ₱17m worth of stock

Vice Chairperson of the Board recently bought ₱50m worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ₱6.25 per share

Less than half of directors are independent

Senior Vice President of Finance recently bought ₱3.6m worth of stock

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2021 earnings released: EPS ₱5.93 (vs ₱6.74 in 3Q 2020)

SM Investments Corporation (PSE:SM) agreed to acquire an additional unknown majority stake in Goldilocks Bakeshop, Inc.

Senior Vice President of Finance recently bought ₱4.8m worth of stock

First quarter 2021 earnings released: EPS ₱7.86 (vs ₱7.48 in 1Q 2020)

Upcoming dividend of ₱4.25 per share

SM Investments Corporation Announces Regular Cash Dividend, Payable on May 27, 2021

SM Investments Corporation (PSE:SM) signed an agreement to acquire an additional 31.7% stake in 2GO Group, Inc. (PSE:2GO) from Chelsea Logistics and Infrastructure Holdings Corp. (PSE:C) for PHP 4.9 billion.

SM Investments Corporation (PSE:SM) authorized the conduct of a mandatory tender offer to acquire remaining 37.8% stake in 2GO Group, Inc. (PSE:2GO) for PHP 7.9 billion.

Full year 2020 earnings released: EPS ₱19.42 (vs ₱37.00 in FY 2019)

Earnings beat expectations, revenue disappoints

SM Investments Corporation, Annual General Meeting, Apr 28, 2021

Revenue beats expectations

Third quarter 2020 earnings released: EPS ₱6.74