SM Prime Holdings, Inc., together with its subsidiaries, develops, conducts, operates, and maintains shopping center spaces in the Philippines, China, and Southeast Asia.
Solid track record with mediocre balance sheet.
Share Price & News
How has SM Prime Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPHX.F's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: Insufficient data to determine how SPHX.F performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how SPHX.F performed against the US Market.
Price Volatility Vs. Market
How volatile is SM Prime Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SM Prime Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SPHX.F ($0.52) is trading above our estimate of fair value ($0.11)
Significantly Below Fair Value: SPHX.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SPHX.F is poor value based on its PE Ratio (24.1x) compared to the Real Estate industry average (14.8x).
PE vs Market: SPHX.F is poor value based on its PE Ratio (24.1x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: SPHX.F is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: SPHX.F is overvalued based on its PB Ratio (3x) compared to the US Real Estate industry average (1.1x).
How is SM Prime Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPHX.F's forecast earnings growth (6.2% per year) is above the savings rate (2.2%).
Earnings vs Market: SPHX.F's earnings (6.2% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: SPHX.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPHX.F's revenue (7.5% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: SPHX.F's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPHX.F's Return on Equity is forecast to be low in 3 years time (12.4%).
How has SM Prime Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPHX.F has high quality earnings.
Growing Profit Margin: SPHX.F's current net profit margins (32.2%) are higher than last year (30.9%).
Past Earnings Growth Analysis
Earnings Trend: SPHX.F's earnings have grown by 9.5% per year over the past 5 years.
Accelerating Growth: SPHX.F's earnings growth over the past year (18.4%) exceeds its 5-year average (9.5% per year).
Earnings vs Industry: SPHX.F earnings growth over the past year (18.4%) exceeded the Real Estate industry -6.4%.
Return on Equity
High ROE: SPHX.F's Return on Equity (12.8%) is considered low.
How is SM Prime Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SPHX.F's short term assets (PHP152.3B) exceed its short term liabilities (PHP95.3B).
Long Term Liabilities: SPHX.F's short term assets (PHP152.3B) do not cover its long term liabilities (PHP269.5B).
Debt to Equity History and Analysis
Debt Level: SPHX.F's debt to equity ratio (78.7%) is considered high.
Reducing Debt: SPHX.F's debt to equity ratio has increased from 63.9% to 78.7% over the past 5 years.
Debt Coverage: SPHX.F's debt is well covered by operating cash flow (21.7%).
Interest Coverage: SPHX.F's interest payments on its debt are well covered by EBIT (7.7x coverage).
What is SM Prime Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPHX.F's dividend (1.1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: SPHX.F's dividend (1.1%) is low compared to the top 25% of dividend payers in the US market (4.55%).
Stability and Growth of Payments
Stable Dividend: SPHX.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: SPHX.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.5%), SPHX.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPHX.F's dividends in 3 years are forecast to be well covered by earnings (34.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeffrey Lim (57yo)
Mr. Jeffrey C. Lim has been President of SM Prime Holdings Inc. since October 1, 2016. Mr. Lim has served as the President of SM Development Corporation until February 2020. He served as Executive Vice Pre ...
|President & Executive Director||3.67yrs||no data||0.00017% PHP30.9k|
|CFO, Compliance Officer & Alternate Corporate Information Officer||6.17yrs||no data||no data|
|VP of Finance||no data||no data||0.00035% PHP63.7k|
|Vice President of Investor Relations||no data||no data||no data|
|Chief Audit Executive & VP of Internal Audit||no data||no data||0.00013% PHP23.6k|
|President of Residential - Primary||no data||no data||no data|
|Executive Vice President of Residential - Leisure||7.42yrs||no data||no data|
|Executive Vice President of Hotels & Convention Centers||no data||no data||no data|
|Vice President & Head of Commercial||no data||no data||no data|
|Chief Risk Officer and VP of Enterprise Risk Management & Corporate Governance||no data||no data||no data|
Experienced Management: SPHX.F's management team is seasoned and experienced (6.2 years average tenure).
|President & Executive Director||3.67yrs||no data||0.00017% PHP30.9k|
|Independent Vice-Chairman of the Board & Lead Independent Director||26.42yrs||no data||0.0017% PHP312.9k|
|Non-Executive Director||26.17yrs||no data||2.29% PHP416.3m|
|Non-Executive Director||26.17yrs||no data||2.34% PHP425.6m|
|Adviser to the Board||8.17yrs||no data||2.29% PHP416.5m|
|Adviser to the Board||12.08yrs||no data||2.29% PHP416.5m|
|Independent Director||12.17yrs||no data||0.00070% PHP127.3k|
|Independent Director||9.17yrs||no data||no data|
|Non-Executive Chairman of the Board||6.17yrs||no data||2.38% PHP433.7m|
|Non-Executive Director||7.5yrs||no data||0.0024% PHP442.0k|
Experienced Board: SPHX.F's board of directors are seasoned and experienced ( 10.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPHX.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SM Prime Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: SM Prime Holdings, Inc.
- Ticker: SPHX.F
- Exchange: OTCPK
- Founded: 1994
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: ₱916.916b
- Listing Market Cap: ₱18.189b
- Shares outstanding: 28.88b
- Website: https://www.smprime.com
Number of Employees
- SM Prime Holdings, Inc.
- Mall of Asia Arena Annex Building
- 10th Floor
- Pasay City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPHX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 1994|
|SMPH||PSE (Philippines Stock Exchange)||Yes||Common Shares||PH||PHP||Jul 1994|
SM Prime Holdings, Inc., together with its subsidiaries, develops, conducts, operates, and maintains shopping center spaces in the Philippines, China, and Southeast Asia. The company operates through four segments: Mall, Residential, Commercial, and Hotels and Convention Centers. It leases mall and food court; and sells cinema tickets, as well as offers amusement services, including bowling and ice skating. The company is also involved in the development and sale of residential properties, such as houses and leisure homes; development and leasing of office buildings, as well as the operation and management of office buildings and other land holdings; and development and management of various hotel and convention center properties. As of December 31, 2019, it had 8 hotels with 1,961 rooms located in Tagaytay City, Iloilo, Pampanga, Cebu City, Davao City, Hamilo Coast, Quezon City, and Pasay City, as well as 4 convention centers and 3 trade halls with 37,357 square meters of leasable space; and 74 malls in the Philippines and 7 malls in China. The company was founded in 1994 and is based in Pasay City, the Philippines.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/02 11:24|
|End of Day Share Price||2020/04/13 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.