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SM Development Corporation
Main Activities: Funds, Trusts, and Other Financial Vehicles - Residential Building Construction
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Company Information |
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Full name SM Development Corporation Headquarters Bldg A SM Corp Offices 1000 JW Diokno Blvd Mall of Asia Complex; Pasay; National Capital Region; 1300 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational CIBI: 0000056909 Financial Auditors: SGV & Co. (2011) Incorporation Date: July 12, 1974 Total Employees: 162 Tel: (63 2) 8311000 |
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Company Description |
| SM Development Corporation (SMDC) is a property company. SMDC concentrates mainly on the development of residential, tourism and entertainment properties to boost the operation of SM shopping malls in the Philippines. On March 2005, the company acquired 14.5% minority interest in SM Synergy Property Holdings Corporation (SM Synergy), giving the company a total of 100% ownership to the latter. SM Synergy focuses on the development of a 4.7 ha mid-scale residential condominium in Dona Soledad Ave. | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 43.83%, from PHP 11,407,226 thousands to PHP 16,406,687 thousands. Operating result decreased from PHP 3,193,051 thousands to PHP 3,189,653 thousands which means -0.11% change. The results of the period increased 5.69% reaching PHP 3,269,697 thousands at the end of the period against PHP 3,093,629 thousands last year. Return on equity (Net income/Total equity) went from 9.28% to 8.49%, the Return On Asset (Net income / Total Asset) went from 5.86% to 4.63% and the Net Profit Margin (Net Income/Net Sales) went from 27.12% to 19.93% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 83.25% compared to 58.51% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.24 to 0.98 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2012 Q3C (cons) |
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| Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
80,197,848 |
70,587,728 |
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Current Assets |
37,226,808 |
30,887,228 |
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Total Liabilities |
40,059,624 |
32,066,868 |
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Shareholders Equity |
40,138,224 |
38,520,864 |
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Current Liabilities |
21,291,252 |
31,625,620 |
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| * All the accounts are in PHP. | ||
Income Statement
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Total Operating Revenue |
22,270,382 |
16,406,687 |
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Operational Profit (Loss) |
5,108,623 |
3,189,653 |
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Net Profit (Loss) |
4,904,418 |
3,269,697 |
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| * All the accounts are in PHP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.12% |
4.63% |
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Annualised Return on Assets (ROA) |
6.12% |
6.17% |
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Return on Equity (ROE) |
12.22% |
8.49% |
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Annualised Return on Equity (ROE) |
12.22% |
11.32% |
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Return on Sales (ROS) |
22.73% |
20.31% |
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Return on Capital |
8.4% |
8.49% |
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Gross Profit Margin |
37.28% |
34.61% |
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Operating Profit Margin |
21.53% |
18.83% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
0.98x |
0.69x |
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Inventory Turnover |
7.29x |
55.07x |
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Current asset turnover |
0.58x |
0.52x |
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Fixed-asset turnover |
0.50x |
0.41x |
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Asset Turnover |
0.27x |
0.23x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
5,215,830 |
3,283,954 |
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EBITDA |
5,338,170 |
3,336,441 |
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Enterprise value |
54,949,369 |
51,155,180 |
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Enterprise Value / EBITDA |
10.29 |
15.33 |
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Bookvalue (BV) |
55,484,072 |
52,467,064 |
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Net Cash |
-13,114,285 |
-24,878,028 |
| Liquidity Ratios | ||
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Current Ratio |
174.85% |
97.67% |
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Quick ratio |
166.12% |
97.06% |
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Doom's day ratio |
38.41% |
21.34% |
| Leverage Ratios | ||
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Leverage ratio |
199.8% |
183.25% |
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Interest Coverage Ratio |
744.06% |
679.46% |
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Debt to equity |
99.8% |
83.25% |
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Debt to total assets |
49.95% |
45.43% |
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Long Term Debt to Capital |
66.94% |
4.54% |
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Debt / Enterprise Value |
44.98% |
35.42% |
| Market ratios | ||
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Market Capitalization/EBITDA |
7.20 |
11.92 |
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Price/Book Ratio |
0.69 |
0.76 |
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Market Cap / Net cash |
-2.93 |
-1.60 |
| Trend Ratios | ||
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Revenue Trend |
133.33% |
142.69% |
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Net Income Trend |
117.46% |
105.69% |
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Operating Income Trend |
115.55% |
102.85% |
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