1. Philippines Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
SM Prime Holdings, Inc.

SM Prime Holdings, Inc.

SPHXF
SM Prime Holdings, Inc.US flagOther OTC
0.30
USD
- -
- -
8.49BMarket Cap
SM Prime Holdings, Inc.
SPHXF
(Other OTC)

Recent

price

0.30

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
1.4
1.8
2.06
2.15
2.38
2.48
2.77
3.15
3.61
4.1
2.84
2.85
3.67
4.44
4.87
4.89
4.91
Revenue per Share
0.46
0.49
0.58
0.59
0.66
0.98
0.83
0.96
1.12
1.32
0.62
0.75
1.04
1.39
1.58
1.69
1.7
Basic EPS, GAAP
0.82
0.41
0.22
0.83
0.24
1.1
1.08
1.58
1.59
1.79
0.59
1.06
1.23
2.16
2.33
2.58
2.67
Free Cash Flow per Basic Share
0.21
0.19
0.18
0.18
0.2
0.22
0.25
0.29
0.38
0.39
0.18
0.09
0.1
0.25
0.36
0.5
- -
Dividend per Share
2.92
2.72
2.5
2.92
3.38
4.03
4.62
5.32
6.11
7.16
7.6
8.28
9.22
10.37
9.6
8.4
8.81
Book Value per Share
3.48
4.65
5.42
5.99
7.26
7.15
7.83
8.75
9.31
10.48
10.77
11.59
12.65
13.82
15.12
16.26
16.6
Tangible Book Value per Share
16,923
27,763
27,763
27,772
27,875
28,834
28,834
28,834
28,854
28,856
28,856
28,856
28,856
28,856
28,856
28,844
28,821
Basic Weighted Avg Shares
23,716
50,069
57,215
59,794
66,240
71,511
79,816
90,922
104,081
118,311
81,899
82,315
105,786
128,098
140,391
141,107
141,612
Sales/Revenue/Turnover
52.47
38.54
38.57
40.36
41.8
43.96
44.18
44.69
46.43
47.92
35.5
39.38
46.55
47.84
48.46
50.83
50.69
Operating Margin (%)
3,501
4,824
5,127
5,981
6,580
6,967
7,814
8,959
9,655
10,825
10,342
10,817
12,488
13,657
15,038
15,536
15,838
Depreciation Expense
7,856
13,629
16,203
16,275
18,390
28,302
23,806
27,574
32,173
38,086
18,007
21,787
30,100
40,011
45,632
48,848
48,855
Net Income, GAAP
24.61
17.84
18.55
19.24
20.18
17.24
21.37
21.76
21.58
21.1
19.25
20.99
20.59
18.01
18.13
18.48
18.47
Effective Tax Rate (%)
33.13
27.22
28.32
27.22
27.76
39.58
29.83
30.33
30.91
32.19
21.99
26.47
28.45
31.23
32.5
34.62
34.5
Profit Margin (%)
9,527
17,458
20,370
28,803
53,217
28,501
54,529
47,368
39,510
57,071
21,087
54,639
76,838
45,040
18,687
6,147
29,271
Working Capital
38,077
52,382
67,749
95,676
115,606
125,952
156,384
167,509
197,682
214,333
218,831
264,969
296,135
294,622
283,320
323,460
343,001
LT Debt
58,950
129,061
150,462
166,222
202,238
215,843
235,364
262,874
279,078
302,516
310,718
334,361
365,152
398,887
436,240
469,079
478,313
Total Equity
10.41
11.17
8.94
8.11
7.51
7.54
7.32
7.61
8.23
9
4.26
4.15
5.72
6.77
6.99
6.8
6.66
Return on Invested Capital (%)
10.61
14.05
12.74
10.96
10.15
12.16
9.26
9.6
9.91
10.45
5.28
5.55
6.57
7.85
8.38
8.76
8.5
Return on Capital (%)
16.74
21.81
22.36
21.64
21.01
26.9
19.07
19.24
19.52
19.89
8.45
9.51
11.92
14.15
15.83
18.81
18.01
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
124,315
99,295
83,123
LT Borrowings
295,507
323,460
343,001
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28,846
28,798
28,714
Market Capitalization
781,306
523,177
633,256

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
248,679
211,202
220,937
Cash, Cash Equivalents & STI
33,992
28,362
36,105
Accounts Receivable, Net
103,614
83,350
85,054
Inventories
73,800
74,526
76,037
Total Current Liabilities
233,420
205,055
191,666
Payables & Accruals
- -
- -
- -
ST Debt
124,315
99,295
83,123
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.1%
8.59%
7.53%
Free Cash Flow
18.01%
37.85%
10.95%
Net Income, GAAP
9.55%
22.64%
7.05%
Sales/Revenue/Turnover
8.31%
12.04%
0.51%
Total Cash Common Dividend
19.55%
37.4%
37.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30,719
33,969
35,075
40,627
140,391
2025
32,773
35,270
35,359
37,705
141,107
2026
33,279
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.4
0.41
- -
1.58
2025
0.4
0.44
0.44
- -
1.69
2026
0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.36
- -
- -
0.36
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
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Business
SM Prime Holdings, Inc. is a Filipino integrated property developer primarily engaged in the development, operation, and management of commercial shopping malls, residential condominiums, office buildings, hotels, and convention centers. The company's core products and services include the development and leasing of commercial shopping centers and retail spaces; residential real estate projects encompassing economic to premium condominium units under the SM Residences brand; commercial and integrated property developments such as office buildings and mixed-use complexes; and hospitality services through hotel and convention center operations. SM Prime operates extensively in the Philippines and has a presence in China, managing approximately 87 malls with a total gross floor area exceeding 8 million square meters, along with residential, commercial, and hospitality assets. Founded in 1994 and headquartered in Pasay City, Philippines, SM Prime is a public subsidiary of SM Investments Corporation. The company targets a diverse customer base across retail, residential, commercial, and tourism sectors. Recent major developments include a 2025 strategic expansion plan investing around PHP 33 billion to grow its mall portfolio with an addition of over 205,000 square meters of retail space and refurbishment of existing properties. The company is also focusing on hospitality and meetings, incentives, conventions, and exhibitions (MICE) operations with a PHP 6 billion allocation for new convention centers, hotel renovations, and expanded dining facilities. In addition, SM Prime is venturing into the luxury residential market with high-end projects, while consolidating residential developments under SM Residences to cover economic to leisure housing segments. Financially, SM Prime reported a record consolidated net income of PHP 45.6 billion in 2024, a 14% increase driven by new mall openings, strong retail sales, and enhanced business contributions across all segments. The malls segment contributed 55% of total revenue, residences 34%, hotels and convention centers 6%, and offices and warehouses 5%. The company plans robust capital expenditures focused on continued mall expansions, residential projects on over 1,000 hectares of land, office developments, and hospitality enhancements to sustain long-term growth. SM Prime's diversified operations and strategic focus on expanding its commercial real estate footprint, residential projects including entry into luxury housing, and enhanced hospitality offerings position it as a leading property developer in Southeast Asia. The company maintains a strong market presence supported by its extensive land bank and integrated property developments designed to capitalize on evolving consumer and business demands. The company is publicly traded under ticker SPHXF and headquartered at Mall of Asia Complex Annex Building, Coral Way corner J.W. Diokno Boulevard, Pasay, Philippines.