SM Investments (PSE:SM) - Stock Price, News & Analysis

SM Stock Overview

Invests in retail, banking, and property businesses in the Philippines.

SM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	5/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 45.2% below our estimate of its fair value

Earnings are forecast to grow 10.74% per year

Earnings grew by 18.4% over the past year

Analysts in good agreement that stock price will rise by 27.9%

Risk Analysis

Debt is not well covered by operating cash flow

Significant insider selling over the past 3 months

SM Investments Corporation Competitors

Ayala

PSE:AC

₱381.2b

JG Summit Holdings

PSE:JGS

₱226.8b

Aboitiz Equity Ventures

PSE:AEV

₱202.5b

DMCI Holdings

PSE:DMC

₱147.4b

Price History & Performance

Summary of all time highs, changes and price drops for SM Investments
Historical stock prices
Current Share Price	₱870.00
52 Week High	₱1,010.00
52 Week Low	₱786.00
Beta	0.61
1 Month Change	-10.22%
3 Month Change	-7.45%
1 Year Change	-6.35%
3 Year Change	-13.00%
5 Year Change	-9.09%
Change since IPO	576.87%

Recent updates

Shareholder Returns

	SM	PH Industrials	PH Market
7D	0.3%	-0.8%	-1.5%
1Y	-6.4%	-11.6%	0.08%

Return vs Industry: SM exceeded the PH Industrials industry which returned -11.6% over the past year.

Return vs Market: SM underperformed the PH Market which returned 0.1% over the past year.

Price Volatility

Is SM's price volatile compared to industry and market?
SM volatility
SM Average Weekly Movement	3.0%
Industrials Industry Average Movement	4.6%
Market Average Movement	5.5%
10% most volatile stocks in PH Market	12.6%
10% least volatile stocks in PH Market	3.0%

Stable Share Price: SM has not had significant price volatility in the past 3 months.

Volatility Over Time: SM's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1958	n/a	Frederic DyBuncio	www.sminvestments.com

SM Investments Corporation, together with its subsidiaries, invests in retail, banking, and property businesses in the Philippines. The company operates through Property, Retail, Banking, and Portfolio Investments segments. The Property segment develops, conducts, operates, and maintains commercial shopping centers, amusement centers, and cinema theaters within the shopping centers; develops and transforms residential, commercial, entertainment, and tourism districts; and operates hotels and convention centers.

SM Investments Corporation Fundamentals Summary

How do SM Investments's earnings and revenue compare to its market cap?
SM fundamental statistics
Market cap	₱1.06t
Earnings (TTM)	₱78.08b
Revenue (TTM)	₱621.69b

13.6x

P/E Ratio

1.7x

P/S Ratio

Is SM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SM income statement (TTM)
Revenue	₱621.69b
Cost of Revenue	₱343.19b
Gross Profit	₱278.50b
Other Expenses	₱200.42b
Earnings	₱78.08b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	63.89
Gross Margin	44.80%
Net Profit Margin	12.56%
Debt/Equity Ratio	63.1%

How did SM perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

14%

Payout Ratio

SM Stock Overview

Rewards

Risk Analysis

SM Investments Corporation Competitors

PSE:AC

₱381.2b

PSE:JGS

₱226.8b

PSE:AEV

₱202.5b

PSE:DMC

₱147.4b

Price History & Performance

Recent News & Updates

First quarter 2024 earnings: EPS misses analyst expectations

SM Investments Corporation Announces Executive and Board Changes

Dividend increased to ₱9.00

SM Investments Corporation Elects Elects Lily K. Gruba as Independent Director

SM Investments Corporation Declares Dividend for 2023, Payable on May 23, 2024

Executive Director recently sold ₱7.4m worth of stock

Recent updates

First quarter 2024 earnings: EPS misses analyst expectations

SM Investments Corporation Announces Executive and Board Changes

Dividend increased to ₱9.00

SM Investments Corporation Elects Elects Lily K. Gruba as Independent Director

SM Investments Corporation Declares Dividend for 2023, Payable on May 23, 2024

Executive Director recently sold ₱7.4m worth of stock

SM Investments Corporation (PSE:SM) acquired 28.79% stake in Citicore Energy REIT Corp. (PSE:CREIT) from Citicore Renewable Energy Corporation (PSE:CREC) for PHP5 billion.

Executive Director recently sold ₱148m worth of stock

Consensus EPS estimates increase by 11%

Executive Director recently sold ₱114m worth of stock

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

SM Investments Corporation, Annual General Meeting, Apr 24, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

SM Investments Corporation Announces Change in Officers

Independent Director recently bought ₱872k worth of stock

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Executive Director recently sold ₱7.5m worth of stock

Executive Director recently sold ₱2.3m worth of stock

Executive Director recently sold ₱79m worth of stock

Executive Director recently sold ₱16m worth of stock

Executive Director recently sold ₱9.3m worth of stock

Executive Director recently sold ₱4.9m worth of stock

Executive Director recently sold ₱22m worth of stock

Sm Investments Corporation Announces Executive Changes

Executive Director recently sold ₱22m worth of stock

First quarter 2023 earnings released: EPS: ₱14.16 (vs ₱9.96 in 1Q 2022)

Upcoming dividend of ₱7.50 per share at 0.7% yield

Consensus EPS estimates increase by 21%

Full year 2022 earnings released: EPS: ₱50.88 (vs ₱31.96 in FY 2021)

SM Investments Corporation, Annual General Meeting, Apr 26, 2023

Consensus EPS estimates fall by 10%

Consensus EPS estimates increase by 16%

Less than half of directors are independent

SM Investments Corporation (PSE:SM) completed the acquisition of 16% stake in Airspeed International Corporation from AIC Group Of Companies Holding Corp.

SM Investments Corporation (PSE:SM) agreed to acquire 16% stake in Airspeed International Corporation from AIC Group Of Companies Holding Corp..

Second quarter 2022 earnings released: EPS: ₱11.22 (vs ₱8.82 in 2Q 2021)

Executive Director recently bought ₱5.2b worth of stock

SM Investments Corporation (PSE:SM) acquired 81% stake Philippine Geothermal Production Company, Inc. for PHP 15.8 billion.

Vice Chairperson of the Board recently bought ₱2.3m worth of stock

Vice Chairperson of the Board recently bought ₱8.2m worth of stock

Vice Chairperson of the Board recently bought ₱48m worth of stock

Now 21% undervalued after recent price drop

Vice Chairperson of the Board recently bought ₱385k worth of stock

SM Investments Corporation Announces Resignation of Alfredo E. Pascual as Independent Director

Vice Chairperson of the Board recently bought ₱17m worth of stock

Vice Chairperson of the Board recently bought ₱50m worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ₱6.25 per share

Less than half of directors are independent

Senior Vice President of Finance recently bought ₱3.6m worth of stock

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2021 earnings released: EPS ₱5.93 (vs ₱6.74 in 3Q 2020)

SM Investments Corporation (PSE:SM) agreed to acquire an additional unknown majority stake in Goldilocks Bakeshop, Inc.

Senior Vice President of Finance recently bought ₱4.8m worth of stock

First quarter 2021 earnings released: EPS ₱7.86 (vs ₱7.48 in 1Q 2020)

Upcoming dividend of ₱4.25 per share

SM Investments Corporation Announces Regular Cash Dividend, Payable on May 27, 2021

SM Investments Corporation (PSE:SM) signed an agreement to acquire an additional 31.7% stake in 2GO Group, Inc. (PSE:2GO) from Chelsea Logistics and Infrastructure Holdings Corp. (PSE:C) for PHP 4.9 billion.

SM Investments Corporation (PSE:SM) authorized the conduct of a mandatory tender offer to acquire remaining 37.8% stake in 2GO Group, Inc. (PSE:2GO) for PHP 7.9 billion.