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San Miguel Corp
OTC:SMGBF

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San Miguel Corp
OTC:SMGBF
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Price: 1.15 USD Market Closed
Market Cap: $2.7B

EV/GP

4.6
Current
11%
Cheaper
vs 3-y average of 5.1

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
4.6
=
Enterprise Value
$1.3T
/
Gross Profit
₱285.1B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
4.6
=
Enterprise Value
$1.3T
/
Gross Profit
₱285.1B

Valuation Scenarios

San Miguel Corp is trading below its 3-year average

If EV/GP returns to its 3-Year Average (5.1), the stock would be worth $1.29 (12% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-6%
Maximum Upside
+12%
Average Upside
4%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 4.6 $1.15
0%
3-Year Average 5.1 $1.29
+12%
5-Year Average 5 $1.26
+10%
Industry Average 4.3 $1.08
-6%
Country Average 4.6 $1.15
0%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
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Market Distribution

Lower than 99% of companies in Philippines
Percentile
1st
Based on 152 companies
1st percentile
0.1
Low
0.1 — 3.2
Typical Range
3.2 — 7.1
High
7.1 —
Distribution Statistics
Philippines
Min 0.1
30th Percentile 3.2
Median 4.6
70th Percentile 7.1
Max 6 969.4

San Miguel Corp
Glance View

San Miguel Corporation (SMC), one of Southeast Asia's largest conglomerates, traces its origins to a modest brewery established in Manila in 1890. What began as a single product — an iconic beer — has since transformed into a multifaceted business powerhouse that plays a pivotal role in the region’s economy. Diversifying far beyond its foundational roots, San Miguel has evolved into a conglomerate with interests spanning beverages, food, packaging, energy, fuel and oil, infrastructure, and real estate. Each of these diverse sectors operates as an independent, yet interconnected, business unit, allowing San Miguel to harness synergies while managing risks through diversification. At the heart of San Miguel’s operations, its product innovation and strategic expansions fuel the corporate engine. The conglomerate monetizes its core beer and beverage expertise, having an extensive distribution network that ensures its products reach every corner of the market. Additionally, its lucrative food division capitalizes on established brand equity, producing everything from staples to premium goods. San Miguel has made significant strides in the energy and infrastructure sectors by investing in assets such as power plants, highways, and airports, which provide stable, long-term cash flows. This dynamic mix of interests under one umbrella allows SMC not only to generate robust revenue streams but also to contribute significantly to the region's development, setting an impressive benchmark for other companies across the globe.

SMGBF Intrinsic Value
4.2 USD
Undervaluation 73%
Intrinsic Value
Price $1.15
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