Stock SM SM INVESTMENTS CORPORATION
Add to a list
To use this feature you must be a member
Log inSign up

Financials SM Investments Corporation

Equities

SM

PHY806761029

Food Retail & Distribution

End-of-day quote Philippines S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
955 PHP +0.79% Intraday chart for SM Investments Corporation +0.69% +9.52%
Apr. 25 SM Investments Corporation Elects Elects Lily K. Gruba as Independent Director CI
Apr. 24 SM Investments Corporation Declares Dividend for 2023, Payable on May 23, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,256,226 1,263,452 1,135,922 1,099,821 1,065,604 1,167,032 - -
Enterprise Value (EV) 1 1,582,069 1,628,541 1,511,272 1,099,821 1,065,604 1,532,253 1,470,378 1,413,998
P/E ratio 28.2 x 54 x 29.5 x 17.7 x 13.8 x 12.2 x 12.1 x 10.9 x
Yield 0.87% 0.41% 0.45% - - 0.84% 1.18% 0.86%
Capitalization / Revenue 2.5 x 3.21 x 2.83 x 2.12 x 1.87 x 1.89 x 1.71 x 1.65 x
EV / Revenue 3.15 x 4.13 x 3.77 x 2.12 x 1.87 x 2.49 x 2.16 x 2 x
EV / EBITDA 12.7 x 21.2 x 15.6 x 7.79 x 6.38 x 12.2 x 10.7 x 10.6 x
EV / FCF 73.2 x -308 x -339 x - - 11.2 x 10.8 x 9.08 x
FCF Yield 1.37% -0.32% -0.3% - - 8.93% 9.22% 11%
Price to Book 3.28 x 3.13 x 2.6 x - - 1.85 x 1.68 x 1.43 x
Nbr of stocks (in thousands) 1,204,435 1,204,435 1,204,583 1,222,023 1,222,023 1,222,023 - -
Reference price 2 1,043 1,049 943.0 900.0 872.0 955.0 955.0 955.0
Announcement Date 3/2/20 2/28/21 3/1/22 3/1/23 2/29/24 - - -
1PHP in Million2PHP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 501,652 394,186 401,289 517,945 571,307 616,036 681,245 707,118
EBITDA 1 124,524 76,638 96,962 141,200 166,900 125,727 137,242 132,876
EBIT 1 105,153 57,874 76,266 81,742 97,223 106,626 113,385 114,393
Operating Margin 20.96% 14.68% 19.01% 15.78% 17.02% 17.31% 16.64% 16.18%
Earnings before Tax (EBT) 1 86,614 41,416 61,471 99,140 122,817 150,526 154,915 175,883
Net income 1 44,568 23,390 38,500 61,654 76,989 95,635 96,315 107,041
Net margin 8.88% 5.93% 9.59% 11.9% 13.48% 15.52% 14.14% 15.14%
EPS 2 37.00 19.42 31.96 50.88 63.00 78.26 79.00 87.59
Free Cash Flow 1 21,613 -5,282 -4,462 - - 136,886 135,546 155,699
FCF margin 4.31% -1.34% -1.11% - - 22.22% 19.9% 22.02%
FCF Conversion (EBITDA) 17.36% - - - - 108.88% 98.76% 117.18%
FCF Conversion (Net income) 48.49% - - - - 143.13% 140.73% 145.46%
Dividend per Share 2 9.120 4.250 4.250 - - 8.000 11.25 8.250
Announcement Date 3/2/20 2/28/21 3/1/22 3/1/23 2/29/24 - - -
1PHP in Million2PHP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - - - - - - - 148,177 154,042 163,746 149,191 149,191 155,677 194,597
EBITDA 1 - - - - - - - 40,400 - - 29,785 29,785 31,080 38,850
EBIT 1 - - - - - - - 22,941 25,087 27,510 23,674 23,674 24,703 30,879
Operating Margin - - - - - - - 15.48% 16.29% 16.8% 15.87% 15.87% 15.87% 15.87%
Earnings before Tax (EBT) 1 - - - - - - - 30,176 31,423 33,457 30,918 30,918 32,262 40,327
Net income 1 7,150 11,260 - 13,501 15,156 18,783 17,304 19,229 19,350 21,106 19,227 19,227 20,063 25,079
Net margin - - - - - - - 12.98% 12.56% 12.89% 12.89% 12.89% 12.89% 12.89%
EPS 2 5.930 9.350 - - - 15.40 14.16 15.74 15.83 17.27 15.73 15.73 16.42 20.52
Dividend per Share 2 - - - 6.250 - - - 7.500 - - - - - -
Announcement Date 11/16/21 3/1/22 5/3/22 8/3/22 11/14/22 3/1/23 5/15/23 8/11/23 11/14/23 2/29/24 - - - -
1PHP in Million2PHP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 325,843 365,089 375,351 - - 365,221 303,346 246,965
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.617 x 4.764 x 3.871 x - - 2.905 x 2.21 x 1.859 x
Free Cash Flow 1 21,613 -5,282 -4,462 - - 136,887 135,546 155,699
ROE (net income / shareholders' equity) 12.1% 5.95% 9.16% - - 14.5% 14.5% 13.9%
ROA (Net income/ Total Assets) 4.04% 1.97% 3% - - 5.9% 5.67% 5.9%
Assets 1 1,102,410 1,187,307 1,283,073 - - 1,620,927 1,699,579 1,814,247
Book Value Per Share 2 318.0 335.0 362.0 - - 516.0 569.0 666.0
Cash Flow per Share 2 54.80 27.10 40.00 - - 109.0 117.0 -
Capex 1 44,349 37,892 52,605 - - 20,199 16,121 21,038
Capex / Sales 8.84% 9.61% 13.11% - - 3.28% 2.37% 2.98%
Announcement Date 3/2/20 2/28/21 3/1/22 3/1/23 2/29/24 - - -
1PHP in Million2PHP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for SM Investments Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
955 PHP
Average target price
1,156 PHP
Spread / Average Target
+21.02%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Supermarkets & Convenience Stores

1st Jan change Capi.
SM INVESTMENTS CORPORATION Stock SM Investments Corporation
+9.52% 20.2B
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. Stock Fomento Económico Mexicano, S.A.B. de C.V.
-7.21% 38.45B
AVENUE SUPERMARTS LIMITED Stock Avenue Supermarts Limited
+11.52% 35.53B
SEVEN & I HOLDINGS CO., LTD. Stock Seven & i Holdings Co., Ltd.
+9.36% 33.86B
COLES GROUP LIMITED Stock Coles Group Limited
+1.92% 14.29B
JERÓNIMO MARTINS, SGPS, S.A. Stock Jerónimo Martins, SGPS, S.A.
-17.40% 12.77B
CASEY'S GENERAL STORES, INC. Stock Casey's General Stores, Inc.
+16.48% 11.85B
ICA GRUPPEN Stock ICA Gruppen
-.--% 11.82B
CARREFOUR Stock Carrefour
-3.89% 11.75B
DINO POLSKA S.A. Stock Dino Polska S.A.
-16.41% 9.33B
Supermarkets & Convenience Stores
  1. Stock Market
  2. Equities
  3. SM Stock
  4. Financials SM Investments Corporation