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 2024-05-30 pm EDT 		5-day change 1st Jan Change
870 PHP -1.69% Intraday chart for SM Investments Corporation -2.90% -0.23%
May. 15 SM Investments Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
May. 07 SM Prime's Consolidated Net Income Rises 11% in Q1 MT

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 1,063,160 - -
Enterprise Value (EV) 1 1,582,069 1,628,541 1,511,272 1,099,821 1,463,561 1,437,764 1,380,712 1,336,691
P/E ratio 28.2 x 54 x 29.5 x 17.7 x 13.8 x 12.5 x 11.5 x 10.9 x
Yield 0.87% 0.41% 0.45% - - 1.01% 1.24% 1.02%
Capitalization / Revenue 2.5 x 3.21 x 2.83 x 2.12 x 1.87 x 1.72 x 1.6 x 1.49 x
EV / Revenue 3.15 x 4.13 x 3.77 x 2.12 x 2.56 x 2.33 x 2.08 x 1.87 x
EV / EBITDA 12.7 x 21.2 x 15.6 x 7.79 x 8.77 x 9.67 x 8.93 x 8.02 x
EV / FCF 73.2 x -308 x -339 x - 18.6 x 11.9 x 10.9 x 9.77 x
FCF Yield 1.37% -0.32% -0.3% - 5.36% 8.4% 9.14% 10.2%
Price to Book 3.28 x 3.13 x 2.6 x - 1.91 x 1.71 x 1.53 x 1.32 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 1,049 943.0 900.0 872.0 870.0 870.0 870.0
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 1 501,652 394,186 401,289 517,945 571,307 617,369 664,217 715,446
EBITDA 1 124,524 76,638 96,962 141,200 166,900 148,618 154,613 166,752
EBIT 1 105,153 57,874 76,266 81,742 97,223 122,730 126,148 138,501
Operating Margin 20.96% 14.68% 19.01% 15.78% 17.02% 19.88% 18.99% 19.36%
Earnings before Tax (EBT) 1 86,614 41,416 61,471 99,140 122,817 137,906 148,254 159,306
Net income 1 44,568 23,390 38,500 61,654 76,989 84,646 91,818 97,313
Net margin 8.88% 5.93% 9.59% 11.9% 13.48% 13.71% 13.82% 13.6%
EPS 2 37.00 19.42 31.96 50.88 63.00 69.51 75.39 79.63
Free Cash Flow 1 21,613 -5,282 -4,462 - 78,518 120,754 126,232 136,767
FCF margin 4.31% -1.34% -1.11% - 13.74% 19.56% 19% 19.12%
FCF Conversion (EBITDA) 17.36% - - - 47.04% 81.25% 81.64% 82.02%
FCF Conversion (Net income) 48.49% - - - 101.99% 142.66% 137.48% 140.54%
Dividend per Share 2 9.120 4.250 4.250 - - 8.762 10.77 8.866
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 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 2025 Q1 2025 Q2
Net sales 1 - - - - - - 148,177 154,042 163,746 143,720 142,885 149,097 186,371 - -
EBITDA 1 - - - - - - 40,400 - - 27,985 29,999 31,304 39,130 - -
EBIT 1 - - - - - - 22,941 25,087 27,510 21,691 23,849 24,885 31,107 - -
Operating Margin - - - - - - 15.48% 16.29% 16.8% 15.09% 16.69% 16.69% 16.69% - -
Earnings before Tax (EBT) 1 - - - - - - 30,176 31,423 33,457 28,782 30,693 32,028 40,035 - -
Net income 1 11,260 - 13,501 15,156 18,783 17,304 19,229 19,350 21,106 18,394 19,240 20,077 25,096 - -
Net margin - - - - - - 12.98% 12.56% 12.89% 12.8% 13.47% 13.47% 13.47% - -
EPS 2 9.350 - - - 15.40 14.16 15.74 15.83 17.27 15.05 15.74 16.43 20.54 - -
Dividend per Share 2 - - 6.250 - - - 7.500 - - - - - - - 10.17
Announcement Date 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 5/15/24 - - - - -
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 - 397,956 374,603 317,552 273,531
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.617 x 4.764 x 3.871 x - 2.384 x 2.521 x 2.054 x 1.64 x
Free Cash Flow 1 21,613 -5,282 -4,462 - 78,518 120,754 126,232 136,767
ROE (net income / shareholders' equity) 12.1% 5.95% 9.16% - 14.5% 14.4% 14.1% 13.4%
ROA (Net income/ Total Assets) 4.04% 1.97% 3% - 5.02% 5.32% 5.38% 5.2%
Assets 1 1,102,410 1,187,307 1,283,073 - 1,532,822 1,589,793 1,706,367 1,871,398
Book Value Per Share 2 318.0 335.0 362.0 - 455.0 509.0 569.0 659.0
Cash Flow per Share 2 54.80 27.10 40.00 - 74.40 109.0 117.0 -
Capex 1 44,349 37,892 52,605 - 12,362 19,825 30,221 37,597
Capex / Sales 8.84% 9.61% 13.11% - 2.16% 3.21% 4.55% 5.25%
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
8
Last Close Price
870 PHP
Average target price
1,086 PHP
Spread / Average Target
+24.89%
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
-0.23% 18.15B
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. Stock Fomento Económico Mexicano, S.A.B. de C.V.
-11.97% 37.2B
AVENUE SUPERMARTS LIMITED Stock Avenue Supermarts Limited
+5.38% 33.54B
SEVEN & I HOLDINGS CO., LTD. Stock Seven & i Holdings Co., Ltd.
+8.74% 33.46B
JERÓNIMO MARTINS, SGPS, S.A. Stock Jerónimo Martins, SGPS, S.A.
-10.68% 14.03B
CASEY'S GENERAL STORES, INC. Stock Casey's General Stores, Inc.
+20.76% 12.28B
ICA GRUPPEN Stock ICA Gruppen
-.--% 11.82B
CARREFOUR Stock Carrefour
-9.51% 11.25B
DINO POLSKA S.A. Stock Dino Polska S.A.
-14.89% 9.75B
J SAINSBURY PLC Stock J Sainsbury plc
-8.39% 8.27B
Supermarkets & Convenience Stores
  1. Stock Market
  2. Equities
  3. SM Stock
  4. Financials SM Investments Corporation