SM Investments Corporation (SVTMF)
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No price history available.
Key financial summary
Financials in PHP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | PHP bn | 397 | 432 | 553 | 616 | 655 | 626 | 658 | 642 |
| Operating profit | PHP bn | 106 | 137 | ||||||
| Net profit | PHP bn | 24 | 40 | 62 | 77 | 83 | 90 | 93 | 92 |
| EPS reported | PHP | 74.09 | 76.62 | ||||||
| Operating cashflow per share | PHP | 96.81 | 95.38 | ||||||
| Capex per share | PHP | 8.68 | 9.30 | ||||||
| FCF per share | PHP | 88.13 | 86.08 | ||||||
| Free cash flow | PHP bn | 108 | 110 | ||||||
| Net debt | PHP bn | 408 | 437 | ||||||
| Book value equity | PHP bn | 693 | 710 | ||||||
| Book value per share | PHP | 568.0 | 586.2 | ||||||
| Number of shares | m | 1,220 | 1,211.1 | ||||||
| DPS (TTM paid) | PHP | 17.23 | 17.23 |
Financial summary
Financials in PHP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | 7.49 | ||||||
| P/B LTM | x | 1.22 | 1.19 | ||||||
| P/S LTM | x | 1.35 | 1.29 | ||||||
| P/FCF LTM | x | 7.88 | 7.69 | ||||||
| EV/EBITDA LTM | x | 6.75 | 6.66 | ||||||
| EV/Sales LTM | x | 2.07 | 1.88 | ||||||
| Earnings Yield LTM | % | +10.64% | +13.35% | ||||||
| FCF Yield | % | +12.69% | +13.00% | ||||||
| Quality | |||||||||
| ROE | % | +13.01% | +13.46% | ||||||
| ROIC | % | +5.79% | +7.28% | ||||||
| Operating margin | % | +17.02% | +20.87% | ||||||
| Gross margin | % | +37.37% | +30.93% | ||||||
| FCF/Sales | % | +17.18% | +16.20% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +9.60% | +13.34% | ||||||
| Sales Growth YoY | % | -4.44% | +0.46% | ||||||
| Net Income Growth YoY | % | +9.17% | +13.13% | ||||||
| FCF Growth | % | +13.30% | +16.10% | ||||||
| Operating Profit Growth | % | -48.41% | -33.48% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +3.50% | +2.72% | ||||||
| Dividend Growth | % | +18.64% | +18.64% | ||||||
| Payout Ratio | % | +32.81% | +32.52% | ||||||
| FCF/Debt | x | 0.20 | 0.20 | ||||||
| Net Debt/EBITDA | x | 2.33 | 2.30 | ||||||
| EBIT/Net interest | x | 4.91 | 6.34 | ||||||
| Net debt/market cap | % | +60.57% | +67.25% | ||||||
| Net debt/Equity | x | 0.59 | 0.62 | ||||||
| Gross debt/equity | x | 0.79 | 0.77 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
SM Investments Corporation (SMIC) is a leading Philippine conglomerate, operating through its subsidiaries across key sectors including property, retail, and financial services. The company was founded in 1958 and is headquartered in Pasay City, Philippines. SMIC's Property division is multifaceted, focusing on the development and management of malls, residential areas, and commercial spaces. It also oversees the operation of hotels and convention centers, and is involved in creating and transforming entire districts for residential, commercial, entertainment, and tourism purposes. By the end of 2021, this segment boasted a significant footprint, managing 78 malls across the Philippines with a combined gross floor area (GFA) of 8.9 million square meters, alongside 7 malls in China totaling 1.3 million square meters in GFA. The Retail segment offers a comprehensive range of merchandise, from dry goods and apparel to food items and various other consumer products, operating through both retail and wholesale channels. As of December 31, 2021, its extensive network comprised 3,215 stores. This includes prominent brands like 68 SM stores, 61 SM supermarkets, 214 Savemore stores, 52 SM hypermarkets, 7 WalterMart stores, 1,207 Alfamart stores, 1 Mindpro store, and an additional 1,539 specialty stores. SMIC's Banking and Financial Services segment encompasses asset management, capital investments, and a broad array of financial offerings. These services include lending, deposit collection, foreign exchange, brokerage, trust and investment management, credit cards, corporate cash management, remittances, leasing, financing, life insurance, and both insurance and stock brokerage services. It also provides investment, private, and rural banking solutions. This robust segment maintained a substantial presence with approximately 1,500 branches and 4,400 ATMs. Beyond its core operations, SMIC also holds investments in diverse sectors such as commercial real estate, leisure, logistics, food manufacturing, and mining.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
SM Investments Corporation (SVTMF)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
SM Investments Corporation (SMIC) is a leading Philippine conglomerate, operating through its subsidiaries across key sectors including property, retail, and financial services. The company was founded in 1958 and is headquartered in Pasay City, Philippines. SMIC's Property division is multifaceted, focusing on the development and management of malls, residential areas, and commercial spaces. It also oversees the operation of hotels and convention centers, and is involved in creating and transforming entire districts for residential, commercial, entertainment, and tourism purposes. By the end of 2021, this segment boasted a significant footprint, managing 78 malls across the Philippines with a combined gross floor area (GFA) of 8.9 million square meters, alongside 7 malls in China totaling 1.3 million square meters in GFA. The Retail segment offers a comprehensive range of merchandise, from dry goods and apparel to food items and various other consumer products, operating through both retail and wholesale channels. As of December 31, 2021, its extensive network comprised 3,215 stores. This includes prominent brands like 68 SM stores, 61 SM supermarkets, 214 Savemore stores, 52 SM hypermarkets, 7 WalterMart stores, 1,207 Alfamart stores, 1 Mindpro store, and an additional 1,539 specialty stores. SMIC's Banking and Financial Services segment encompasses asset management, capital investments, and a broad array of financial offerings. These services include lending, deposit collection, foreign exchange, brokerage, trust and investment management, credit cards, corporate cash management, remittances, leasing, financing, life insurance, and both insurance and stock brokerage services. It also provides investment, private, and rural banking solutions. This robust segment maintained a substantial presence with approximately 1,500 branches and 4,400 ATMs. Beyond its core operations, SMIC also holds investments in diverse sectors such as commercial real estate, leisure, logistics, food manufacturing, and mining.
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