SMC Stock Overview
San Miguel Corporation engages in food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and banking businesses worldwide.
San Miguel Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₱104.90|
|52 Week High||₱122.00|
|52 Week Low||₱98.95|
|1 Month Change||-2.42%|
|3 Month Change||-4.81%|
|1 Year Change||-7.98%|
|3 Year Change||-41.40%|
|5 Year Change||-3.32%|
|Change since IPO||56.57%|
Recent News & Updates
|SMC||PH Industrials||PH Market|
Return vs Industry: SMC underperformed the PH Industrials industry which returned -0.3% over the past year.
Return vs Market: SMC underperformed the PH Market which returned 7.9% over the past year.
|SMC Average Weekly Movement||2.7%|
|Industrials Industry Average Movement||4.9%|
|Market Average Movement||5.6%|
|10% most volatile stocks in PH Market||10.0%|
|10% least volatile stocks in PH Market||3.2%|
Stable Share Price: SMC is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SMC's weekly volatility (3%) has been stable over the past year.
About the Company
San Miguel Corporation engages in food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and banking businesses worldwide. Its Food and Beverage segment is involved in feeds production; poultry and livestock farming; processing and selling poultry and meat products and refrigerated processed and canned meat products; milling, producing, and marketing of flour, flour mixes, bakery ingredients, butter, margarine, cheese, milk, ice cream, jelly-based snacks and desserts, oils, salad aids, biscuits, and condiments; importing and marketing of coffee and coffee-related products; and grain terminal handling. This segment also produces, markets, and sells fermented, malt-based, and non-alcoholic beverages; and hard liquor in the form of gin, Chinese wine, brandy, rum, and vodka.
San Miguel Fundamentals Summary
|SMC fundamental statistics|
Is SMC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SMC income statement (TTM)|
|Cost of Revenue||₱857.00b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.49|
|Net Profit Margin||0.34%|
How did SMC perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is San Miguel undervalued compared to its fair value and its price relative to the market?
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SMC (₱104.9) is trading above our estimate of fair value (₱14)
Significantly Below Fair Value: SMC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SMC is poor value based on its PE Ratio (70.2x) compared to the PH Industrials industry average (11.3x).
PE vs Market: SMC is poor value based on its PE Ratio (70.2x) compared to the PH market (11.6x).
Price to Earnings Growth Ratio
PEG Ratio: SMC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: SMC is good value based on its PB Ratio (0.8x) compared to the PH Industrials industry average (1.1x).
How is San Miguel forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMC's forecast earnings growth (66.5% per year) is above the savings rate (4.9%).
Earnings vs Market: SMC's earnings (66.5% per year) are forecast to grow faster than the PH market (21% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SMC's revenue is expected to decline over the next 3 years (-1.8% per year).
High Growth Revenue: SMC's revenue is forecast to decline over the next 3 years (-1.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SMC's Return on Equity is forecast to be high in 3 years time
How has San Miguel performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMC has high quality earnings.
Growing Profit Margin: SMC's current net profit margins (0.3%) are lower than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: SMC's earnings have declined by 25.5% per year over the past 5 years.
Accelerating Growth: SMC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMC had negative earnings growth (-42%) over the past year, making it difficult to compare to the Industrials industry average (57.4%).
Return on Equity
High ROE: SMC's Return on Equity (6.5%) is considered low.
How is San Miguel's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SMC's short term assets (₱741.7B) exceed its short term liabilities (₱580.2B).
Long Term Liabilities: SMC's short term assets (₱741.7B) do not cover its long term liabilities (₱825.9B).
Debt to Equity History and Analysis
Debt Level: SMC's net debt to equity ratio (106.1%) is considered high.
Reducing Debt: SMC's debt to equity ratio has increased from 117.3% to 150.1% over the past 5 years.
Debt Coverage: SMC's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: SMC's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is San Miguel current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SMC's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the PH market (1.36%).
High Dividend: SMC's dividend (1.33%) is low compared to the top 25% of dividend payers in the PH market (4.77%).
Stability and Growth of Payments
Stable Dividend: SMC's dividends per share have been stable in the past 10 years.
Growing Dividend: SMC's dividend payments have not increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.7%), SMC's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: SMC is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ramon Ang (67 yo)
Mr. Ramon S. Ang, B.S.M.E, is Executive Chairman at Petron Malaysia Refining & Marketing Bhd since November 20, 2013. He has been Chief Executive Officer at San Miguel Corporation from December 02, 2021. H...
Experienced Management: SMC's management team is seasoned and experienced (16.4 years average tenure).
Experienced Board: SMC's board of directors are seasoned and experienced ( 12.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
San Miguel Corporation's employee growth, exchange listings and data sources
- Name: San Miguel Corporation
- Ticker: SMC
- Exchange: PSE
- Founded: 1890
- Industry: Industrial Conglomerates
- Sector: Capital Goods
- Implied Market Cap: ₱250.071b
- Shares outstanding: 2.38b
- Website: https://www.sanmiguel.com.ph
Number of Employees
- San Miguel Corporation
- 40 San Miguel Avenue
- Mandaluyong City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 00:00|
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.