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Jollibee Foods

OTCPK:JBFC.F
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JBFC.F
OTCPK
PHP314B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Jollibee Foods Corporation, doing business as Jollibee, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The last earnings update was 40 days ago. More info.


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JBFC.F Share Price and Events
7 Day Returns
0.4%
OTCPK:JBFC.F
-0%
US Hospitality
2%
US Market
1 Year Returns
6.4%
OTCPK:JBFC.F
-9%
US Hospitality
4.3%
US Market
JBFC.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jollibee Foods (JBFC.F) 0.4% 3.6% -10.9% 6.4% 11.1% 41.2%
US Hospitality -0% 3.1% 1.4% -9% 47.5% 18.1%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • JBFC.F outperformed the Hospitality industry which returned -9% over the past year.
  • JBFC.F outperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
JBFC.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Jollibee Foods's competitors could be found in our database.

JBFC.F Value

 Is Jollibee Foods undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jollibee Foods to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jollibee Foods.

OTCPK:JBFC.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:JBFC.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 30%) (9.2%))
0.989
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.989 * 5.96%)
8.62%

Discounted Cash Flow Calculation for OTCPK:JBFC.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jollibee Foods is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:JBFC.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PHP, Millions) Source Present Value
Discounted (@ 8.62%)
2019 6,536.50 Analyst x2 6,017.55
2020 6,162.00 Analyst x4 5,222.41
2021 8,973.20 Analyst x5 7,001.18
2022 11,381.58 Est @ 26.84% 8,175.25
2023 13,613.15 Est @ 19.61% 9,001.84
2024 15,593.02 Est @ 14.54% 9,492.43
2025 17,308.19 Est @ 11% 9,700.04
2026 18,782.64 Est @ 8.52% 9,690.65
2027 20,056.50 Est @ 6.78% 9,526.34
2028 21,172.94 Est @ 5.57% 9,258.21
Present value of next 10 years cash flows PHP83,085.91
OTCPK:JBFC.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PHP21,172.94 × (1 + 2.73%) ÷ (8.62% – 2.73%)
PHP369,041.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PHP369,041.32 ÷ (1 + 8.62%)10
PHP161,369.22
OTCPK:JBFC.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PHP83,085.91 + PHP161,369.22
PHP244,455.14
Equity Value per Share
(PHP)
= Total value / Shares Outstanding
= PHP244,455.14 / 1,092.57
PHP223.74
OTCPK:JBFC.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:JBFC.F represents 0.01909x of PSE:JFC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01909x
Value per Share
(Listing Adjusted, USD)
= Value per Share (PHP) x Listing Adjustment Factor
= PHP 223.74 x 0.01909
$4.27
Value per share (USD) From above. $4.27
Current discount Discount to share price of $5.48
= -1 x ($5.48 - $4.27) / $4.27
-28.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Jollibee Foods is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jollibee Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jollibee Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:JBFC.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PHP PHP7.41
PSE:JFC Share Price ** PSE (2019-06-24) in PHP PHP287
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.7x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jollibee Foods.

OTCPK:JBFC.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= PSE:JFC Share Price ÷ EPS (both in PHP)

= 287 ÷ 7.41

38.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jollibee Foods is overvalued based on earnings compared to the US Hospitality industry average.
  • Jollibee Foods is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Jollibee Foods's expected growth come at a high price?
Raw Data
OTCPK:JBFC.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
15.2%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:JBFC.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.72x ÷ 15.2%

2.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jollibee Foods is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jollibee Foods's assets?
Raw Data
OTCPK:JBFC.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PHP PHP46.09
PSE:JFC Share Price * PSE (2019-06-24) in PHP PHP287
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
OTCPK:JBFC.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= PSE:JFC Share Price ÷ Book Value per Share (both in PHP)

= 287 ÷ 46.09

6.23x

* Primary Listing of Jollibee Foods.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jollibee Foods is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Jollibee Foods's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Jollibee Foods has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JBFC.F Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jollibee Foods expected to grow at an attractive rate?
  • Jollibee Foods's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Jollibee Foods's earnings growth is expected to exceed the United States of America market average.
  • Jollibee Foods's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:JBFC.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:JBFC.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 15.2%
OTCPK:JBFC.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 12.3%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:JBFC.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in PHP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:JBFC.F Future Estimates Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 230,261 21,937 11,256 10
2020-12-31 204,787 20,062 9,566 11
2019-12-31 182,057 18,275 8,245 11
OTCPK:JBFC.F Past Financials Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income *
2019-03-31 163,667 10,447 8,066
2018-12-31 158,676 13,494 8,330
2018-09-30 152,470 13,967 8,089
2018-06-30 145,393 15,247 7,670
2018-03-31 137,651 14,527 7,375
2017-12-31 131,577 12,844 7,109
2017-09-30 126,133 13,483 6,881
2017-06-30 121,228 11,351 6,600
2017-03-31 116,998 12,745 6,299
2016-12-31 113,811 14,760 6,165
2016-09-30 110,063 13,182 5,459
2016-06-30 107,350 15,484 5,382

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jollibee Foods's earnings are expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).
  • Jollibee Foods's revenue is expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:JBFC.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Jollibee Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JBFC.F Future Estimates Data
Date (Data in PHP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 10.31 11.19 9.16 9.00
2020-12-31 8.74 9.62 7.77 11.00
2019-12-31 7.56 8.14 6.69 9.00
OTCPK:JBFC.F Past Financials Data
Date (Data in PHP Millions) EPS *
2019-03-31 7.41
2018-12-31 7.66
2018-09-30 7.45
2018-06-30 7.07
2018-03-31 6.81
2017-12-31 6.58
2017-09-30 6.38
2017-06-30 6.13
2017-03-31 5.87
2016-12-31 5.75
2016-09-30 5.09
2016-06-30 5.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Jollibee Foods is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jollibee Foods's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jollibee Foods has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JBFC.F Past Performance

  How has Jollibee Foods performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jollibee Foods's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jollibee Foods's year on year earnings growth rate has been positive over the past 5 years.
  • Jollibee Foods's 1-year earnings growth is less than its 5-year average (9.4% vs 11.2%)
  • Jollibee Foods's earnings growth has exceeded the US Hospitality industry average in the past year (9.4% vs 1%).
Earnings and Revenue History
Jollibee Foods's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jollibee Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JBFC.F Past Revenue, Cash Flow and Net Income Data
Date (Data in PHP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 163,667.01 8,065.80 16,146.48
2018-12-31 158,675.90 8,329.88 15,544.23
2018-09-30 152,469.57 8,089.02 14,892.99
2018-06-30 145,393.46 7,670.00 14,519.07
2018-03-31 137,650.69 7,375.05 14,112.78
2017-12-31 131,576.55 7,109.12 13,375.05
2017-09-30 126,133.19 6,881.34 12,591.29
2017-06-30 121,228.20 6,599.89 12,215.68
2017-03-31 116,998.10 6,299.49 11,585.79
2016-12-31 113,811.47 6,164.74 11,392.65
2016-09-30 110,062.89 5,458.88 11,367.26
2016-06-30 107,349.69 5,382.23 10,976.67
2016-03-31 103,879.31 5,138.95 10,353.89
2015-12-31 100,779.72 4,928.24 10,015.07
2015-09-30 97,825.66 5,580.14 9,410.81
2015-06-30 94,825.00 5,494.08 9,119.23
2015-03-31 92,760.10 5,471.44 9,073.32
2014-12-31 90,671.24 5,361.98 8,752.00
2014-09-30 88,201.91 5,187.42 8,225.09
2014-06-30 85,916.57 5,033.97 8,059.60
2014-03-31 83,041.65 4,855.20 7,610.65
2013-12-31 80,282.77 4,671.56 7,343.61
2013-09-30 77,393.78 4,385.62 7,443.42
2013-06-30 74,950.99 4,245.49 7,212.45
2013-03-31 72,727.56 3,949.29 6,999.51
2012-12-31 71,059.04 3,727.08 6,825.51
2012-09-30 69,274.45 3,641.73 6,291.66
2012-06-30 67,176.51 3,504.60 6,112.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jollibee Foods has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jollibee Foods used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Jollibee Foods's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jollibee Foods's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jollibee Foods has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JBFC.F Health

 How is Jollibee Foods's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jollibee Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jollibee Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jollibee Foods's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jollibee Foods's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jollibee Foods Company Filings, last reported 2 months ago.

OTCPK:JBFC.F Past Debt and Equity Data
Date (Data in PHP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 51,795.89 25,802.78 21,634.25
2018-12-31 49,918.15 26,264.35 24,169.12
2018-09-30 49,297.15 26,678.99 25,401.07
2018-06-30 47,257.73 23,071.12 21,914.79
2018-03-31 45,299.44 20,265.65 27,721.24
2017-12-31 42,581.98 16,117.27 22,520.87
2017-09-30 39,485.26 11,729.02 16,526.05
2017-06-30 37,696.71 11,987.57 15,442.76
2017-03-31 36,070.14 11,904.53 16,127.02
2016-12-31 34,281.40 12,188.90 17,459.35
2016-09-30 33,508.80 10,565.53 14,512.23
2016-06-30 31,944.45 10,545.86 14,353.80
2016-03-31 33,133.26 9,546.40 13,385.28
2015-12-31 31,756.59 10,035.91 12,419.88
2015-09-30 32,112.76 5,850.53 12,709.72
2015-06-30 30,435.73 7,312.38 10,441.64
2015-03-31 29,587.54 8,463.84 8,488.47
2014-12-31 28,078.02 7,010.08 7,618.47
2014-09-30 26,786.72 5,284.08 10,410.86
2014-06-30 25,086.72 5,306.15 10,344.56
2014-03-31 24,465.71 5,214.70 9,713.86
2013-12-31 23,360.94 5,173.78 9,903.88
2013-09-30 22,681.83 5,105.26 10,784.95
2013-06-30 23,564.94 5,068.13 9,652.79
2013-03-31 22,854.33 5,427.85 9,543.20
2012-12-31 21,731.30 5,450.24 8,848.59
2012-09-30 22,337.88 6,229.68 9,323.57
2012-06-30 21,264.97 6,277.69 7,971.60
  • Jollibee Foods's level of debt (49.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.3% vs 49.8% today).
  • Debt is well covered by operating cash flow (40.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).
X
Financial health checks
We assess Jollibee Foods's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jollibee Foods has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JBFC.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.9%
Current annual income from Jollibee Foods dividends. Estimated to be 1.1% next year.
If you bought $2,000 of Jollibee Foods shares you are expected to receive $18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jollibee Foods's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Jollibee Foods's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:JBFC.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:JBFC.F Future Dividends Estimate Data
Date (Data in PHP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.71 10.00
2020-12-31 3.11 12.00
2019-12-31 2.72 11.00
OTCPK:JBFC.F Past Annualized Dividends Data
Date (Data in PHP) Dividend per share (annual) Avg. Yield (%)
2019-04-08 2.570 0.880
2018-11-09 2.480 0.811
2018-04-06 2.320 0.855
2017-11-10 2.360 0.869
2017-04-06 2.000 0.894
2016-11-11 1.860 0.913
2016-04-06 1.830 0.759
2015-11-09 1.770 0.832
2015-04-08 1.690 0.854
2014-11-12 1.780 0.833
2014-04-07 1.500 0.818
2013-11-13 3.420 2.045
2013-08-08 3.300 1.921
2013-08-06 3.300 2.032
2013-04-11 1.300 0.936
2012-11-12 1.240 1.103
2012-06-11 1.070 1.046
2012-02-29 0.580 0.530
2012-02-16 2.140 2.137
2011-11-10 1.070 1.157
2011-04-13 1.000 1.136
2011-02-21 1.000 1.213
2010-11-11 1.000 1.205
2009-11-06 0.850 1.317

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Jollibee Foods's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Jollibee Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jollibee Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jollibee Foods has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JBFC.F Management

 What is the CEO of Jollibee Foods's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ernesto Tanmantiong
AGE 60
TENURE AS CEO 5.4 years
CEO Bio

Mr. Ernesto Tanmantiong has been the Chief Executive Officer and President of Jollibee Foods Corp. since January 1, 2014. Mr. Tanmantiong served as Chief Operating Officer of Jollibee Foods Corp. from January 2012 to July 1, 2014 and Executive Vice President from November 2006 to July 1, 2014 and Treasurer from June 27, 2008 to JUly 1, 2014. Mr. Tanmantiong serves as the Chairman and President of Kingsworth Corporation, Vismin Foods Corporation and Tutuban Chow Foods Corporation. He serves as an Adviser to the Board at DoubleDragon Properties Corp. Mr. Tanmantiong serves as Company Secretary of Antares Holdings Inc., Hyper Dynamic Corporation and Mary's Foods Corporation. He also serves as Treasurer of Belmont Enterprises Ventures Ltd., Centregold Corporation, Grandworth Resources Corporation, Honeysea Corporation, Queenbee Resources Corporation, Winall Holding Corporation, RRB Holdins, Inc., Red Ribbon Bakeshop (Phil.), Red Ribbon Bakeshop (USA) and Jollibee Worldwide Pte. Ltd. He served as Vice President of Operations, Operations Manager and Store Manager of Jollibee Foods Corp. He serves as a Director of Belmont Enterprises Ventures Ltd., Centregold Corporation, Grandworth Resources Corporation, Honeysea Corporation, Queenbee Resources Corporation, Winall Holding Corporation, RRB Holdins, Inc., Red Ribbon Bakeshop (Phil.), Red Ribbon Bakeshop (USA) and Jollibee Worldwide Pte. Ltd. He has been an Executive Director of Jollibee Foods Corp. since 1987. He serves as a Director of Antares Holdings Inc., Hyper Dynamic Corporation and Mary's Foods Corporation. Mr. Tanmantiong serves as a Fresh N' Famous Foods Corporation, Beeguards Corporation and Mainspring Resources Corporation. Other directorships and trusteeships are: Director Fresh N’ Famous Foods, Inc. Director BK Titans, Inc. Director Cargill Joy Poultry Meats Production Inc. Director Cargill Joy Poultry Realty Inc. Director Honeybee Foods Corp. Director Chowking Food Corporation (USA) Director Chanceux, Inc. Director Adgraphix, Inc. Director Grandworth Resources Corp. Director EST58 Corporation Director Jollibee Worldwide Pte. Ltd. Director Belmont Enterprises Ventures Ltd. Director Jollibee International (BVI) Ltd. Director Jollibee Hong Kong Ltd. Director Hanover Holdings Ltd. Director Jollibee Vietnam Co. Ltd. Commissioner P.T. Jollibee Indonesia Commissioner P.T. Chowking Indonesia Director Golden Plate Pte. Ltd. Director Golden Beeworks Pte. Ltd.Director Happy Bee Foods Processing Pte. Ltd. Director Happy Bee Foods Processing (Anhui) Co. Ltd. Director Jollibee (China) Food & Beverage Management Co. Ltd. Director Hangzhou Yonghe Food and Beverage Co. Ltd. Director Tianjin Yong He King Food & Beverage Co. Ltd. Director Beijing Yong He King Food and Beverage Co. Ltd. Director Wuhan Yonghe King Food and Beverage Co. Ltd. Director Yong He Holdings Co. Ltd. Director Centenary Ventures Limited Director Kingsworth Corporation Director Imperial Premium Treasures, Inc. Director Honeystar Holdings Corporation Director Hyper Dynamic Corporation Director Centregold Corporation Director Honeysea Corporation Director Queenbee Resources Corporation Director Winall Holding Corporation Director Mainspring Resources Corporation Trustee Jollibee Group Foundation, Inc

CEO Compensation
  • Insufficient data for Ernesto to compare compensation growth.
  • Insufficient data for Ernesto to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Jollibee Foods management team in years:

5.4
Average Tenure
55
Average Age
  • The average tenure for the Jollibee Foods management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ernesto Tanmantiong

TITLE
President
AGE
60
TENURE
5.4 yrs

Ysmael Baysa

TITLE
CFO, Compliance Officer & VP of Corporate Finance
AGE
62

Valerie Amante

TITLE
Head of Corporate Legal & Ethics
AGE
44

Corazon Palomar

TITLE
Director of Investor Relations

Daniel Rafael Ramon Gomez

TITLE
Chief Marketing Officer
AGE
46

Arsenio Sabado

TITLE
Chief Human Resources Officer
AGE
52
TENURE
0.5 yrs

Susana Tanmantiong

TITLE
Chief Procurement Officer
AGE
60

Jose Maria Miñana

TITLE
Head of Foreign Franchised Brands & Country Head of North America - US & Canada
AGE
54

Dennis Flores

TITLE
President & Head of International Business - EMEAA
AGE
55

William Untiong

TITLE
Chief Real Estate Executive
AGE
65
TENURE
30.4 yrs
Board of Directors Tenure

Average tenure and age of the Jollibee Foods board of directors in years:

16.2
Average Tenure
66.5
Average Age
  • The average tenure for the Jollibee Foods board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tony Tan

TITLE
Chairman of the Board
AGE
65
TENURE
5.4 yrs

Ernesto Tanmantiong

TITLE
President
AGE
60
TENURE
32.4 yrs

Ngo Chiong Ang

TITLE
Chairman Emeritus
AGE
95
TENURE
23.4 yrs

William Untiong

TITLE
Chief Real Estate Executive
AGE
65
TENURE
26.4 yrs

Joseph Tanbuntiong

TITLE
Treasurer
AGE
55
TENURE
6.4 yrs

Monico Jacob

TITLE
Lead Independent Director
AGE
73
TENURE
1 yrs

Bong Consing

TITLE
Independent Director
AGE
59
TENURE
9 yrs

Artemio Panganiban

TITLE
Director
AGE
82
TENURE
7 yrs

Antonio Chua

TITLE
Director
AGE
71
TENURE
41.4 yrs

Cho Ang

TITLE
Director
AGE
68
TENURE
41.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. May 19 Buy Honeyworth Corporation Company 28. May 19 28. May 19 25,000 $5.16 $129,112
15. May 19 Sell Honeyworth Corporation Company 10. May 19 10. May 19 -2,000 $5.81 $-11,621
25. Apr 19 Buy Honeyworth Corporation Company 17. Apr 19 22. Apr 19 40,410 $5.89 $237,514
24. Apr 19 Sell Honeyworth Corporation Company 05. Apr 19 05. Apr 19 -90,410 $6.14 $-555,195
17. Apr 19 Buy Honeyworth Corporation Company 16. Apr 19 16. Apr 19 50,000 $5.91 $295,245
04. Mar 19 Buy Honeyworth Corporation Company 01. Mar 19 01. Mar 19 100,000 $5.91 $590,522
22. Feb 19 Buy Honeyworth Corporation Company 21. Feb 19 21. Feb 19 60,000 $5.88 $352,643
07. Feb 19 Sell Ysmael Baysa Individual 01. Feb 19 06. Feb 19 -324,266 $6.11 $-1,981,046
07. Feb 19 Buy Ysmael Baysa Individual 01. Feb 19 06. Feb 19 324,266 $2.01 $649,886
01. Feb 19 Sell Ysmael Baysa Individual 29. Jan 19 01. Feb 19 -242,400 $6.19 $-1,486,731
01. Feb 19 Buy Ysmael Baysa Individual 29. Jan 19 01. Feb 19 242,400 $2.01 $485,657
30. Jan 19 Sell Honeyworth Corporation Company 29. Jan 19 29. Jan 19 -50,000 $6.24 $-311,057
24. Jan 19 Sell Honeyworth Corporation Company 22. Jan 19 22. Jan 19 -10,000 $6.16 $-61,553
11. Jan 19 Sell Joseph Tanbuntiong Individual 09. Jan 19 09. Jan 19 -230,000 $6.11 $-1,404,319
11. Jan 19 Buy Joseph Tanbuntiong Individual 09. Jan 19 09. Jan 19 230,000 $2.01 $462,378
09. Jan 19 Sell Joseph Tanbuntiong Individual 07. Jan 19 07. Jan 19 -20,000 $6.08 $-121,663
09. Jan 19 Buy Joseph Tanbuntiong Individual 07. Jan 19 07. Jan 19 20,000 $2.77 $55,301
08. Jan 19 Sell Joseph Tanbuntiong Individual 04. Jan 19 04. Jan 19 -280,000 $5.82 $-1,629,656
08. Jan 19 Buy Joseph Tanbuntiong Individual 04. Jan 19 04. Jan 19 280,000 $3.72 $641,344
07. Jan 19 Sell Joseph Tanbuntiong Individual 03. Jan 19 03. Jan 19 -550,000 $5.54 $-3,047,939
07. Jan 19 Buy Joseph Tanbuntiong Individual 03. Jan 19 03. Jan 19 550,000 $2.00 $1,098,117
07. Dec 18 Sell Joseph Tanbuntiong Individual 05. Dec 18 05. Dec 18 -10,000 $5.55 $-55,494
31. Oct 18 Sell Joseph Tanbuntiong Individual 29. Oct 18 29. Oct 18 -10,000 $5.04 $-50,401
30. Oct 18 Sell Joseph Tanbuntiong Individual 26. Oct 18 26. Oct 18 -20,000 $4.95 $-98,801
30. Oct 18 Buy Joseph Tanbuntiong Individual 26. Oct 18 26. Oct 18 20,000 $2.01 $40,284
22. Jan 19 Sell Honeyworth Corporation Company 18. Jan 19 21. Jan 19 -60,000 $6.16 $-369,278
18. Jan 19 Sell Joseph Tanbuntiong Individual 14. Jan 19 14. Jan 19 -10,000 $6.13 $-61,279
17. Jan 19 Sell Daniel Rafael Ramon Gomez Individual 14. Jan 19 14. Jan 19 -62,080 $6.13 $-380,421
15. Jan 19 Sell Honeyworth Corporation Company 14. Jan 19 14. Jan 19 -28,700 $6.20 $-178,070
15. Jan 19 Sell Daniel Rafael Ramon Gomez Individual 09. Jan 19 09. Jan 19 -37,920 $6.13 $-232,384
09. Jan 19 Sell Honeyworth Corporation Company 08. Jan 19 08. Jan 19 -26,200 $6.16 $-158,936
08. Jan 19 Sell Honeyworth Corporation Company 07. Jan 19 07. Jan 19 -52,700 $6.18 $-324,387
07. Jan 19 Sell Honeyworth Corporation Company 04. Jan 19 04. Jan 19 -55,000 $5.92 $-323,387
21. Dec 18 Sell Honeyworth Corporation Company 20. Dec 18 20. Dec 18 -14,920 $5.83 $-86,229
20. Dec 18 Sell Honeyworth Corporation Company 19. Dec 18 19. Dec 18 -20,000 $5.74 $-114,568
07. Dec 18 Sell Ysmael Baysa Individual 05. Dec 18 05. Dec 18 -43,054 $5.54 $-238,448
07. Nov 18 Sell Joseph Tanbuntiong Individual 05. Nov 18 05. Nov 18 -10,000 $5.26 $-52,602
07. Nov 18 Buy Joseph Tanbuntiong Individual 05. Nov 18 05. Nov 18 10,000 $2.03 $20,271
30. Oct 18 Buy Artemio Panganiban Individual 25. Oct 18 25. Oct 18 9,000 $4.84 $43,446
09. Oct 18 Buy Honeyworth Corporation Company 08. Oct 18 08. Oct 18 10,000 $4.53 $45,070
08. Oct 18 Buy Honeyworth Corporation Company 05. Oct 18 05. Oct 18 10,000 $4.61 $45,711
02. Oct 18 Buy Honeyworth Corporation Company 01. Oct 18 01. Oct 18 30,000 $4.77 $141,304
20. Sep 18 Buy Honeyworth Corporation Company 19. Sep 18 19. Sep 18 11,000 $4.87 $53,229
19. Sep 18 Buy Honeyworth Corporation Company 18. Sep 18 18. Sep 18 3,120 $4.91 $15,314
13. Sep 18 Buy Honeyworth Corporation Company 12. Sep 18 12. Sep 18 33,000 $5.00 $164,692
07. Sep 18 Buy Honeyworth Corporation Company 06. Sep 18 06. Sep 18 42,200 $5.19 $217,790
06. Sep 18 Buy Honeyworth Corporation Company 05. Sep 18 05. Sep 18 3,800 $5.22 $19,793
05. Sep 18 Sell Ysmael Baysa Individual 31. Aug 18 04. Sep 18 -95,910 $5.37 $-514,877
03. Sep 18 Buy Honeyworth Corporation Company 31. Aug 18 31. Aug 18 2,000 $5.22 $10,448
31. Aug 18 Sell Ysmael Baysa Individual 29. Aug 18 29. Aug 18 -194,370 $5.39 $-1,048,325
31. Aug 18 Buy Ysmael Baysa Individual 29. Aug 18 29. Aug 18 194,370 $1.97 $382,188
31. Aug 18 Buy Honeyworth Corporation Company 30. Aug 18 30. Aug 18 1,000 $5.22 $5,219
24. Aug 18 Sell Honeyworth Corporation Company 22. Aug 18 23. Aug 18 -110,000 $5.48 $-587,765
11. Jul 18 Buy Honeyworth Corporation Company 09. Jul 18 09. Jul 18 10,000 $4.62 $45,988
09. Jul 18 Buy Honeyworth Corporation Company 05. Jul 18 06. Jul 18 100,000 $4.75 $474,148
03. Jul 18 Buy Ernesto Tanmantiong Individual 28. Jun 18 28. Jun 18 140,000 $1.08 $151,089
X
Management checks
We assess Jollibee Foods's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jollibee Foods has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JBFC.F News

Simply Wall St News

JBFC.F Company Info

Description

Jollibee Foods Corporation, doing business as Jollibee, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. 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, Hard Rock Cafe, Dunkin’ Donuts, Smashburger, Tim Ho Wan, and Tortas Frontera names. As of March 31, 2019, it operated 4,543 stores. The company also offers property leasing, manufacturing, digital printing, advertising, financial accounting, human resources and logistics, business management, and other services. Jollibee Foods Corporation was founded in 1975 and is headquartered in Pasig City, the Philippines.

Details
Name: Jollibee Foods Corporation
JBFC.F
Exchange: OTCPK
Founded: 1975
PHP6,104,126,834
1,092,574,897
Website: http://www.jollibee.com.ph
Address: Jollibee Foods Corporation
Jollibee Plaza Building,
10th Floor,
Pasig City,
1605,
Philippines
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
PSE JFC Common Shares Philippines Stock Exchange PH PHP 04. Feb 1994
OTCPK JBFC.F Common Shares Pink Sheets LLC US USD 04. Feb 1994
OTCPK JBFC.Y UNSPONSORD ADR Pink Sheets LLC US USD 15. May 2012
Number of employees
Current staff
Staff numbers
14,644
Jollibee Foods employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 23:48
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.