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SMC

San Miguel PSE:SMC Stock Report

Last Price

₱104.90

Market Cap

₱250.1b

7D

3.9%

1Y

-8.0%

Updated

22 May, 2022

Data

Company Financials +
SMC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance1/6
Financial Health1/6
Dividends1/6

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

Summary of all time highs, changes and price drops for San Miguel
Historical stock prices
Current Share Price₱104.90
52 Week High₱122.00
52 Week Low₱98.95
Beta0.91
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 IPO56.57%

Recent News & Updates

Shareholder Returns

SMCPH IndustrialsPH Market
7D3.9%5.6%4.6%
1Y-8.0%-0.3%7.9%

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.

Price Volatility

Is SMC's price volatile compared to industry and market?
SMC volatility
SMC Average Weekly Movement2.7%
Industrials Industry Average Movement4.9%
Market Average Movement5.6%
10% most volatile stocks in PH Market10.0%
10% least volatile stocks in PH Market3.2%

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

FoundedEmployeesCEOWebsite
189045,614Ramon Anghttps://www.sanmiguel.com.ph

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

How do San Miguel's earnings and revenue compare to its market cap?
SMC fundamental statistics
Market Cap₱250.07b
Earnings (TTM)₱3.56b
Revenue (TTM)₱1.06t

70.2x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMC income statement (TTM)
Revenue₱1.06t
Cost of Revenue₱857.00b
Gross Profit₱199.80b
Other Expenses₱196.24b
Earnings₱3.56b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.49
Gross Margin18.91%
Net Profit Margin0.34%
Debt/Equity Ratio150.1%

How did SMC perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

94%

Payout Ratio

Valuation

Is San Miguel undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


70.21x

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).


Future Growth

How is San Miguel forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


66.5%

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


Past Performance

How has San Miguel performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-25.5%

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.


Financial Health

How is San Miguel's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


Dividend

What is San Miguel current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.33%

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

Management

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

16.4yrs

Average management tenure


CEO

Ramon Ang (67 yo)

20.17yrs

Tenure

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...


Leadership Team

Experienced Management: SMC's management team is seasoned and experienced (16.4 years average tenure).


Board Members

Experienced Board: SMC's board of directors are seasoned and experienced ( 12.7 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.


Top Shareholders

Company Information

San Miguel Corporation's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • San Miguel Corporation
  • 40 San Miguel Avenue
  • Mandaluyong City
  • 1550
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.