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JFC

Jollibee Foods PSE:JFC Stock Report

Last Price

₱236.00

Market Cap

₱262.4b

7D

-2.5%

1Y

19.7%

Updated

26 Sep, 2022

Data

Company Financials +
JFC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health3/6
Dividends3/6

JFC Stock Overview

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants.

Jollibee Foods Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jollibee Foods
Historical stock prices
Current Share Price₱236.00
52 Week High₱259.80
52 Week Low₱192.00
Beta1.24
1 Month Change-0.42%
3 Month Change18.00%
1 Year Change19.68%
3 Year Change6.31%
5 Year Change-2.72%
Change since IPO1,272.09%

Recent News & Updates

Shareholder Returns

JFCPH HospitalityPH Market
7D-2.5%-4.5%-3.8%
1Y19.7%14.6%-10.7%

Return vs Industry: JFC exceeded the PH Hospitality industry which returned 14.6% over the past year.

Return vs Market: JFC exceeded the PH Market which returned -10.7% over the past year.

Price Volatility

Is JFC's price volatile compared to industry and market?
JFC volatility
JFC Average Weekly Movement4.2%
Hospitality Industry Average Movement6.4%
Market Average Movement5.1%
10% most volatile stocks in PH Market9.1%
10% least volatile stocks in PH Market2.9%

Stable Share Price: JFC is not significantly more volatile than the rest of PH stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JFC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197510,959Ernesto Tanmantionghttps://www.jollibee.com.ph

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Dunkin’ Donuts, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names. As of July 20, 2022, it operated approximately 6,200 stores in the Philippines, the United States, Canada, the People’s Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.

Jollibee Foods Fundamentals Summary

How do Jollibee Foods's earnings and revenue compare to its market cap?
JFC fundamental statistics
Market Cap₱262.45b
Earnings (TTM)₱9.50b
Revenue (TTM)₱177.11b

27.6x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JFC income statement (TTM)
Revenue₱177.11b
Cost of Revenue₱150.47b
Gross Profit₱26.65b
Other Expenses₱17.15b
Earnings₱9.50b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.54
Gross Margin15.05%
Net Profit Margin5.36%
Debt/Equity Ratio67.1%

How did JFC perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JFC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JFC?

Other financial metrics that can be useful for relative valuation.

JFC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA23x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does JFC's PE Ratio compare to its peers?

JFC PE Ratio vs Peers
The above table shows the PE ratio for JFC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.9x
PIZZA Shakey's Pizza Asia Ventures
37.3x35.1%₱13.4b
FCG Figaro Coffee Group
74.1xn/a₱3.0b
MAXS Max's Group
28.1x37.9%₱4.4b
BCOR Berjaya Philippines
32.2xn/a₱31.1b
JFC Jollibee Foods
27.6x14.9%₱262.4b

Price-To-Earnings vs Peers: JFC is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (42.9x).


Price to Earnings Ratio vs Industry

How does JFC's PE Ratio compare vs other companies in the Asian Hospitality Industry?

Price-To-Earnings vs Industry: JFC is good value based on its Price-To-Earnings Ratio (27.6x) compared to the Asian Hospitality industry average (27.8x)


Price to Earnings Ratio vs Fair Ratio

What is JFC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JFC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio29x

Price-To-Earnings vs Fair Ratio: JFC is good value based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (29x).


Share Price vs Fair Value

What is the Fair Price of JFC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JFC (₱236) is trading below our estimate of fair value (₱261.05)

Significantly Below Fair Value: JFC is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Jollibee Foods forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JFC's forecast earnings growth (14.9% per year) is above the savings rate (5%).

Earnings vs Market: JFC's earnings (14.9% per year) are forecast to grow slower than the PH market (16% per year).

High Growth Earnings: JFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: JFC's revenue (13.1% per year) is forecast to grow faster than the PH market (9.5% per year).

High Growth Revenue: JFC's revenue (13.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JFC's Return on Equity is forecast to be low in 3 years time (15%).


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Past Performance

How has Jollibee Foods performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-20.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JFC has a large one-off gain of ₱5.4B impacting its June 30 2022 financial results.

Growing Profit Margin: JFC's current net profit margins (5.4%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: JFC's earnings have declined by 20.1% per year over the past 5 years.

Accelerating Growth: JFC's earnings growth over the past year (500.8%) exceeds its 5-year average (-20.1% per year).

Earnings vs Industry: JFC earnings growth over the past year (500.8%) exceeded the Hospitality industry 178.5%.


Return on Equity

High ROE: JFC's Return on Equity (12.3%) is considered low.


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Financial Health

How is Jollibee Foods's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JFC's short term assets (₱66.4B) exceed its short term liabilities (₱49.8B).

Long Term Liabilities: JFC's short term assets (₱66.4B) do not cover its long term liabilities (₱88.2B).


Debt to Equity History and Analysis

Debt Level: JFC's net debt to equity ratio (19.9%) is considered satisfactory.

Reducing Debt: JFC's debt to equity ratio has increased from 31.8% to 67.1% over the past 5 years.

Debt Coverage: JFC's debt is well covered by operating cash flow (42.8%).

Interest Coverage: JFC's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

What is Jollibee Foods's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.91%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JFC's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the PH market (1.68%).

High Dividend: JFC's dividend (0.91%) is low compared to the top 25% of dividend payers in the PH market (5.34%).


Stability and Growth of Payments

Stable Dividend: JFC's dividend payments have been volatile in the past 10 years.

Growing Dividend: JFC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.9%), JFC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (18.1%), JFC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.7yrs

Average management tenure


CEO

Ernesto Tanmantiong (64 yo)

8.67yrs

Tenure

Mr. Ernesto Tanmantiong has been the Chief Executive Officer and President of Jollibee Foods Corp. since January 1, 2014. Mr. Tanmantiong serves as a Board Adviser at DDMP REIT Inc. Mr. Tanmantiong served...


Leadership Team

Experienced Management: JFC's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: JFC's board of directors are seasoned and experienced ( 28.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: JFC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

PSE:JFC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Aug 22Buy₱2,000,900Artemio PanganibanIndividual8,500₱237.40
29 Jul 22Buy₱400,000Honeyworth CorporationCompany2,000₱200.00
23 Jun 22Buy₱5,529,612Alexander DonIndividual28,420₱196.87
20 Jun 22Buy₱964,000Alexander DonIndividual5,000₱192.80
13 Jun 22Buy₱3,987,370Ernesto TanmantiongIndividual20,000₱200.00
06 Jun 22Buy₱1,005,000Alexander DonIndividual5,000₱201.00
10 May 22Buy₱3,126,672Honeyworth CorporationCompany15,000₱210.00
04 May 22Buy₱179Valerie AmanteIndividual9,715₱0.018
04 May 22Buy₱37,757,996Ernesto TanmantiongIndividual210,000₱179.80
27 Apr 22Buy₱12,586,000Daniel Rafael Ramon GomezIndividual70,000₱179.80
22 Apr 22Buy₱10,975,136Honeyworth CorporationCompany50,000₱220.00
18 Mar 22Buy₱10,815,900Honeyworth CorporationCompany50,000₱218.00
11 Mar 22Buy₱2,309,600Honeyworth CorporationCompany10,000₱231.00
24 Feb 22Buy₱17,768,439Honeyworth CorporationCompany75,290₱236.00
20 Dec 21Buy₱10,797,980Honeyworth CorporationCompany50,000₱217.00
15 Dec 21Buy₱4,474,000Honeyworth CorporationCompany20,000₱225.00
01 Dec 21Buy₱11,101,855Honeyworth CorporationCompany50,000₱225.00
29 Nov 21Buy₱9,127,016Honeyworth CorporationCompany40,000₱230.00
16 Nov 21Buy₱3,072,300Honeyworth CorporationCompany12,540₱245.00
26 Oct 21Sell₱11,760,000Honeyworth CorporationCompany50,000₱235.20
14 Oct 21Sell₱22,980,002Honeyworth CorporationCompany100,000₱229.80
07 Oct 21Sell₱21,060,000Honeyworth CorporationCompany100,000₱210.60

Ownership Breakdown

What is the ownership structure of JFC?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme4,092,8040.4%
Individual Insiders50,152,8094.5%
Institutions117,909,68510.6%
General Public341,892,69630.7%
Private Companies598,027,25553.8%

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


Top Shareholders

Top 25 shareholders own 64.27% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
43.6%
Hyper Dynamic Corp.
484,866,539₱114.4b0%no data
4.58%
Honeysea Corporation
50,908,863₱12.0b0%no data
2%
First Sentier Investors (Australia) IM Ltd
22,251,120₱5.3b0%0.2%
1.75%
Honeyworth Corporation
19,482,886₱4.6b0.01%no data
1.5%
The Vanguard Group, Inc.
16,632,549₱3.9b0%no data
1.31%
Winall Holding Corporation
14,615,517₱3.4b0%no data
1.13%
BlackRock, Inc.
12,524,566₱3.0b0.7%no data
1%
Gemma Tanbuntiong
11,091,668₱2.6b0%no data
0.9%
Caktiong Tan
10,001,231₱2.4b2.46%no data
0.8%
Ernesto Tanmantiong
8,872,160₱2.1b2.66%no data
0.78%
Untiong Tan
8,696,389₱2.1b0%no data
0.76%
Venice Corporation
8,429,645₱2.0b0%no data
0.73%
Goldman Sachs Asset Management, L.P.
8,097,485₱1.9b0%0.01%
0.65%
A-Star Holding Corporation
7,198,088₱1.7b0%no data
0.58%
Azucena King
6,491,199₱1.5b0%no data
0.56%
Centregold Corporation
6,254,927₱1.5b0%no data
0.52%
Kingsworth Corporation
5,808,198₱1.4b0%no data
0.23%
Jollibee Stock Incentive Plan - ELTIP
2,574,562₱607.6m0%no data
0.2%
Dimensional Fund Advisors LP
2,205,426₱520.5m1.77%no data
0.14%
Geode Capital Management, LLC
1,579,537₱372.8m1.83%no data
0.13%
Jollibee Stock Incentive Plan - MSOP
1,453,172₱342.9m0%no data
0.12%
Anastacia Masancay
1,293,200₱305.2m0%no data
0.11%
AP Fonden 2
1,236,690₱291.9m0%0.04%
0.098%
Ysmael Baysa
1,091,667₱257.6m0%no data
0.097%
Paul Rosenberg
1,084,010₱255.8m0%no data

Company Information

Jollibee Foods Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Jollibee Foods Corporation
  • Ticker: JFC
  • Exchange: PSE
  • Founded: 1975
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: ₱262.450b
  • Shares outstanding: 1.11b
  • Website: https://www.jollibee.com.ph

Number of Employees


Location

  • Jollibee Foods Corporation
  • Jollibee Plaza Building
  • 10th Floor
  • Pasig
  • 1605
  • Philippines


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JBFC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 1994
JFCPSE (Philippines Stock Exchange)YesCommon SharesPHPHPFeb 1994
JBFC.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMay 2012
JFCPAPSE (Philippines Stock Exchange)PREF APHPHPOct 2021
JFCPBPSE (Philippines Stock Exchange)PREF BPHPHPOct 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
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.