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San Miguel Corporation

San Miguel Corporation

SMGBF
San Miguel CorporationUS flagOther OTC
1.00
USD
-0.10
- -
2.38BMarket Cap
San Miguel Corporation
SMGBF
(Other OTC)

Recent

price

1.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
96.87
227.59
295.32
314.26
324.74
282.69
287.95
346.95
430.11
428.06
304.45
394.8
631.96
606.84
660.81
- -
593.56
Revenue per Share
5.62
7.53
8.73
13.63
3.8
2.53
9.43
8.78
6.61
5.93
-1.3
3.32
-7.24
-1.67
-6.22
- -
5.6
Basic EPS, GAAP
14.51
0.92
-15.68
-7.85
0.16
2.3
16.19
17.24
5.22
4.51
-10.2
-21.09
-61.47
-22.13
-6.5
- -
37.77
Free Cash Flow per Basic Share
8.31
2.89
4.48
4.61
4.08
4.12
3.48
4.32
4.45
4.44
4.08
4.93
4.06
3.79
5.2
- -
5.26
Dividend per Share
67.91
67.35
72.1
65.24
57.61
60.67
64.04
67.1
69.15
79.5
74.94
73.05
61.11
50.17
44.4
- -
58.13
Book Value per Share
86.87
107.84
108
116.66
123.38
74.85
102.96
112.58
94.85
120.33
147.62
149.38
87.18
74.77
64.25
- -
74.69
Tangible Book Value per Share
2,541
2,353
2,370
2,378
2,378
2,378
2,380
2,381
2,383
2,384
2,384
2,384
2,384
2,384
2,384
- -
2,616
Basic Weighted Avg Shares
246,156
535,531
699,916
747,303
772,243
672,243
685,314
826,086
1,024,943
1,020,502
725,797
941,193
1,506,591
1,446,703
1,575,379
1,485,345
1,552,755
Sales/Revenue/Turnover
14.06
10.73
7.39
8.11
7.42
12.13
15.23
13.51
11.52
11.44
10.36
11.87
7.18
10.01
10.36
12.36
12.73
Operating Margin (%)
9,457
19,241
5,117
43,825
25,135
35,912
50,549
33,991
50,670
35,235
27,723
46,467
50,608
57,621
59,360
69,610
68,637
Depreciation Expense
20,091
17,720
26,806
38,517
15,137
12,448
29,289
28,225
23,077
21,329
2,973
13,925
-12,968
198
-7,411
41,291
18,635
Net Income, GAAP
32.23
22.97
18.25
6.74
25.63
36.79
29.67
32.48
33.46
36.99
41.52
26.98
33.23
38.86
42.84
23.75
24.67
Effective Tax Rate (%)
8.16
3.31
3.83
5.15
1.96
1.85
4.27
3.42
2.25
2.09
0.41
1.48
-0.86
0.01
-0.47
2.78
1.2
Profit Margin (%)
101,314
117,201
104,181
144,675
176,039
102,892
99,819
144,567
155,150
201,527
253,027
189,806
156,685
86,178
163,519
167,655
184,146
Working Capital
353,839
384,662
400,938
444,084
454,117
493,918
451,457
500,956
684,719
757,015
784,632
797,127
973,038
991,166
1,204,381
1,209,274
1,235,417
LT Debt
266,825
300,932
348,937
365,393
389,920
384,877
436,781
471,062
511,947
574,395
655,088
681,239
639,152
665,166
676,441
747,340
756,916
Total Equity
4.25
5.75
4.87
5.82
4.1
4.8
6.63
6.53
5.95
4.84
2.68
4.65
3.69
4.13
4.15
5.91
6.18
Return on Invested Capital (%)
5.03
3.73
4.79
5.73
2.25
1.49
2.78
2.21
2.15
1.92
0.77
0.7
-0.92
0.33
0.04
2.64
1.42
Return on Capital (%)
8.24
10.71
12.56
19.88
6.18
4.28
15.13
13.39
9.71
7.98
-1.69
4.49
-10.79
-3.01
-13.15
26.85
10.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
365,051
414,872
468,215
LT Borrowings
1,222,886
1,181,437
1,208,825
LT Finance Leases
29,546
27,837
26,592
Preferred Equity and Hybrid Capital
10,187
10,187
10,187
Shares Outstanding
2,384
2,384
2,384
Market Capitalization
151,615
203,726
167,184

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
891,054
882,942
1,083,015
Cash, Cash Equivalents & STI
343,681
352,714
424,462
Accounts Receivable, Net
164,772
179,993
185,094
Inventories
164,971
148,874
248,921
Total Current Liabilities
663,234
715,287
898,869
Payables & Accruals
- -
- -
- -
ST Debt
365,051
414,872
468,215
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.03%
2.81%
10.48%
Free Cash Flow
-21.53%
-83.37%
-580.46%
Net Income, GAAP
-440.66%
-885.27%
-657.16%
Sales/Revenue/Turnover
10.62%
17.79%
-5.72%
Total Cash Common Dividend
12.23%
10.33%
7.52%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
392,713
396,308
390,500
395,858
1,575,379
2025
360,911
357,294
372,914
394,226
1,485,345
2026
428,321
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.56
-4.86
4.74
- -
-6.22
2025
11.9
3.43
-0.66
- -
- -
2026
2.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.27
1.41
1.39
- -
5.2
2025
1.57
0.87
1.57
- -
- -
2026
1.95
- -
- -
- -
- -
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Business
San Miguel Corporation (SMC) is a diversified Philippine conglomerate primarily engaged in food and beverage production, packaging, energy, fuel and oil refining, infrastructure development, and real estate. Founded in 1890 as Southeast Asia's first brewery and incorporated in 1913, the company is headquartered at 40 San Miguel Avenue, Mandaluyong City, Metro Manila, Philippines, with manufacturing and operations extending across the Philippines, Hong Kong, China, Indonesia, Vietnam, Malaysia, Australia, and exports to 60 global markets. Its core products and services encompass beer and spirits including San Miguel Beer and Ginebra San Miguel; non-alcoholic beverages; poultry, animal feeds under B-Meg and Pure Blend, flour, fresh and processed meats under brands like Purefoods, Monterey, and Magnolia, dairy products, coffee, and biscuits; packaging solutions such as glass containers, polyethylene terephthalate bottles, metal cans, plastic crates, and corrugated cartons through San Miguel Yamamura Packaging Corporation; refined petroleum products via Petron Corporation; cement; and infrastructure including toll roads, expressways like South Luzon Expressway and Skyway, airports such as New Manila International Airport, mass rail transit, and bulk water supply. Key subsidiaries include San Miguel Food and Beverage, Inc., San Miguel Global Power Holdings Corp., SEA Refinery Corporation, and San Miguel Infrastructure, serving consumer, industrial, and government customers with strategic partnerships alongside Kirin Holdings for beer, Hormel Foods for processed meats, and Nihon Yamamura Glass for packaging. In recent developments, SMC has accelerated its renewable energy expansion, securing awards for 4,200 MW hydropower projects in June 2025 via Joint Exploration Agreement 3 and over 2,225 MW solar projects in October 2025 via JEA 4, alongside battery energy storage systems and a 2,000 MW hydro project at San Roque through the Green Energy Auction. The company raised up to $150 million in senior perpetual capital securities in 2025 through its power arm to fund these greener initiatives, including a securities exchange offer, while finalizing a sustainable finance framework for ESG-aligned decarbonization. Earlier, SMC completed a $1.874 billion acquisition of Eagle Cement Corporation to consolidate its cement operations and pioneered a P48.86 billion share swap deal for capital raising; it continues major expansions in infrastructure, energy, and food manufacturing amid political and economic challenges.