SM Prime Holdings Past Earnings Performance

Past criteria checks 4/6

SM Prime Holdings's earnings have been declining at an average annual rate of -0.2%, while the Real Estate industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 0.9% per year. SM Prime Holdings's return on equity is 10.2%, and it has net margins of 31.2%.

Key information

-0.2%

Earnings growth rate

-0.2%

EPS growth rate

Real Estate Industry Growth	8.0%
Revenue growth rate	0.9%
Return on equity	10.2%
Net Margin	31.2%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

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

Earnings and Revenue History

PSE:SMPH Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	128,098	40,011	25,141
30 Sep 23	124,715	38,215	24,135
30 Jun 23	119,295	35,437	22,255
31 Mar 23	110,525	32,126	26,335
31 Dec 22	105,786	30,100	18,403
30 Sep 22	99,152	28,174	16,040
30 Jun 22	87,572	24,250	14,996
31 Mar 22	85,409	22,726	14,253
31 Dec 21	82,315	21,787	13,910
30 Sep 21	78,049	19,260	14,709
30 Jun 21	79,310	19,219	13,611
31 Mar 21	76,911	16,163	13,333
31 Dec 20	81,899	18,007	14,710
30 Sep 20	93,965	24,861	15,644
30 Jun 20	104,940	29,219	17,660
31 Mar 20	117,561	37,610	19,322
31 Dec 19	118,311	38,086	19,051
30 Sep 19	114,554	36,329	18,643
30 Jun 19	111,358	34,849	18,243
31 Mar 19	107,263	33,372	17,644
31 Dec 18	104,081	32,173	17,378
30 Sep 18	100,793	30,966	17,460
30 Jun 18	97,442	29,810	16,918
31 Mar 18	93,770	28,576	16,562
31 Dec 17	90,922	27,574	16,125
30 Sep 17	86,726	26,399	15,312
30 Jun 17	83,835	25,603	15,478
31 Mar 17	82,078	24,565	15,015
31 Dec 16	79,816	23,806	14,715
30 Sep 16	77,091	22,889	15,013
30 Jun 16	74,778	22,237	11,174
31 Mar 16	73,107	21,507	10,727
31 Dec 15	71,511	28,302	12,525
30 Sep 15	70,825	27,800	11,256
30 Jun 15	69,039	27,247	11,256
31 Mar 15	67,893	26,443	13,188
31 Dec 14	66,240	18,390	11,672
30 Sep 14	63,779	17,694	9,882
30 Jun 14	62,100	17,302	12,068
31 Mar 14	60,147	16,746	9,510
31 Dec 13	60,144	16,275	9,444
30 Sep 13	79,051	20,839	12,215
30 Jun 13	73,806	20,048	11,179

Quality Earnings: SMPH has high quality earnings.

Growing Profit Margin: SMPH's current net profit margins (31.2%) are higher than last year (28.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SMPH's earnings have declined by 0.2% per year over the past 5 years.

Accelerating Growth: SMPH's earnings growth over the past year (32.9%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: SMPH earnings growth over the past year (32.9%) exceeded the Real Estate industry 30.4%.

Return on Equity

High ROE: SMPH's Return on Equity (10.2%) is considered low.

Return on Assets

Return on Capital Employed

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SM Prime Holdings Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: ₱1.39 (vs ₱1.04 in FY 2022)

Third quarter 2023 earnings released: EPS: ₱0.37 (vs ₱0.27 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₱0.35 (vs ₱0.23 in 2Q 2022)

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings released: EPS: ₱1.04 (vs ₱0.76 in FY 2021)

Third quarter 2022 earnings released: EPS: ₱0.27 (vs ₱0.14 in 3Q 2021)

Recent updates

Dividend increased to ₱0.35

SM Prime Holdings, Inc. Approves Regular Cash Dividend, Payable on May 22, 2024

Full year 2023 earnings released: EPS: ₱1.39 (vs ₱1.04 in FY 2022)

SM Prime Holdings, Inc., Annual General Meeting, Apr 23, 2024

Third quarter 2023 earnings released: EPS: ₱0.37 (vs ₱0.27 in 3Q 2022)

Non-Executive Chairman of the Board recently sold ₱366m worth of stock

Insider recently bought ₱8.8m worth of stock

Insider recently bought ₱18m worth of stock

Second quarter 2023 earnings released: EPS: ₱0.35 (vs ₱0.23 in 2Q 2022)

President of SM Investments Corporation recently sold ₱350m worth of stock

Non-Executive Chairman of the Board recently sold ₱356m worth of stock

Non-Executive Chairman of the Board recently sold ₱363m worth of stock

Non-Executive Chairman of the Board recently sold ₱28m worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₱0.24 per share at 0.7% yield

Non-Executive Chairman of the Board recently sold ₱346m worth of stock

Non-Executive Chairman of the Board recently sold ₱352m worth of stock

Full year 2022 earnings released: EPS: ₱1.04 (vs ₱0.76 in FY 2021)

SM Prime Holdings, Inc., Annual General Meeting, Apr 25, 2023

Non-Executive Chairman of the Board recently sold ₱347m worth of stock

Non-Executive Chairman of the Board recently sold ₱368m worth of stock

SM Prime to Open Newest Mall in the North

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ₱0.27 (vs ₱0.14 in 3Q 2021)

SM Prime Holdings, Inc. Appoints Glenn D. Ang as President of SM Smart City Infrastructure and Development Corporation

SM Prime Holdings, Inc Continues to Expand its Mall Footprint in the Bicol Region with the Opening of Sm City Sorsogon

Non-Executive Chairman of the Board recently sold ₱399m worth of stock

President of Malls recently bought ₱495k worth of stock

Second quarter 2022 earnings released: EPS: ₱0.23 (vs ₱0.18 in 2Q 2021)

VP & Head of Commercial recently bought ₱116k worth of stock

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of ₱0.097 per share

Less than half of directors are independent

SM Prime Holdings, Inc. Approves Cash Dividend, Payable on May 24, 2022

Non-Executive Chairman of the Board recently sold ₱507m worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

SM Prime Holdings, Inc., Annual General Meeting, Apr 25, 2022

Non-Executive Chairman of the Board recently sold ₱490m worth of stock

Non-Executive Chairman of the Board recently sold ₱490m worth of stock

Non-Executive Chairman of the Board recently sold ₱490m worth of stock

Non-Executive Chairman of the Board recently sold ₱491m worth of stock

Non-Executive Chairman of the Board recently sold ₱495m worth of stock

Third quarter 2021 earnings released: EPS ₱0.14 (vs ₱0.14 in 3Q 2020)

Second quarter 2021 earnings released: EPS ₱0.18 (vs ₱0.073 in 2Q 2020)

Consensus revenue estimates increase to ₱115.7b

Non-Executive Chairman of the Board recently sold ₱712m worth of stock

Non-Executive Chairman of the Board recently sold ₱746m worth of stock

Non-Executive Chairman of the Board recently bought ₱728m worth of stock

Non-Executive Chairman of the Board recently sold ₱754m worth of stock

Non-Executive Chairman of the Board recently sold ₱1.5b worth of stock

Non-Executive Chairman of the Board recently sold ₱656m worth of stock

Non-Executive Chairman of the Board recently sold ₱1.3b worth of stock

Consensus EPS estimates fall to ₱0.83

First quarter 2021 earnings released: EPS ₱0.22 (vs ₱0.29 in 1Q 2020)

Independent Director has left the company

Independent Director has left the company

Independent Vice-Chairman of the Board & Lead Independent Director Jose Cuisia has left the company

Consensus forecasts updated

Analysts update estimates

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS ₱0.62 (vs ₱1.32 in FY 2019)

New 90-day low: ₱35.00

SM Prime Holdings, Inc., Annual General Meeting, Apr 20, 2021

New 90-day high: ₱40.40

Insider recently sold ₱3.9m worth of stock

Market bids up stock over the past week

New 90-day high: ₱35.85

Revenue and earnings miss expectations

Third quarter 2020 earnings released: EPS ₱0.14

Revenue & Expenses Breakdown
Beta