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San Miguel Food and Beverage Inc
XPHS:FB

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San Miguel Food and Beverage Inc
XPHS:FB
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Price: 52.4 PHP 0.87% Market Closed
Market Cap: ₱309.6B

P/FCFE

11.1
Current
14%
Cheaper
vs 3-y average of 12.8

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
11.1
=
Market Cap
₱308.5B
/
Free Cash Flow to Equity
₱28B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
11.1
=
Market Cap
₱308.5B
/
Free Cash Flow to Equity
₱28B

Valuation Scenarios

San Miguel Food and Beverage Inc is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (12.8), the stock would be worth ₱60.64 (16% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+126%
Average Upside
46%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 11.1 ₱52.4
0%
3-Year Average 12.8 ₱60.64
+16%
5-Year Average 13.9 ₱65.91
+26%
Industry Average 25 ₱118.53
+126%
Country Average 13 ₱61.69
+18%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
PH
San Miguel Food and Beverage Inc
XPHS:FB
309.6B PHP 11.1 10.3
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY -621 880.5 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 28.5 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 15.9 32.1
FR
Danone SA
PAR:BN
42.7B EUR 15.3 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 347.5 12.5
US
Hershey Co
NYSE:HSY
37B USD 19.6 41.9
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY -46.5 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 16.6 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 35.9 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 198.9 31.9

Market Distribution

In line with most companies in Philippines
Percentile
43nd
Based on 137 companies
43nd percentile
11.1
Low
0.4 — 7.1
Typical Range
7.1 — 19
High
19 —
Distribution Statistics
Philippines
Min 0.4
30th Percentile 7.1
Median 13
70th Percentile 19
Max 2 656.3

San Miguel Food and Beverage Inc
Glance View

San Miguel Food and Beverage Inc. stands as a significant pillar in the diversified portfolio of San Miguel Corporation, one of the Philippines' most influential conglomerates. Originally themed around its rich heritage in brewing, the company has expanded its horizons to encompass a vast landscape of food and beverage products that cater to varying consumer demands across the nation. At its core, the company thrives on a vibrant ecosystem of interdependent segments: beer, spirits, and food. The beer division boasts iconic brands that have become synonymous with Filipino celebrations, contributing a substantial share to its revenues. Meanwhile, the spirits segment complements this with a range of distilled options, appealing to a broad spectrum of local taste preferences. Simultaneously, the food division practices a vertically integrated approach, efficiently managing everything from production to distribution. This integration ensures that it can offer an extensive array of products, including processed meats, dairy products, and flour, fostering synergy with its beverage operations. Notably, its strategic supply chain and distribution channels enable San Miguel Food and Beverage to maintain a strong presence in both urban centers and remote provinces, reinforcing brand loyalty and consistent sales growth. By leveraging its robust brand portfolio and synergistic business model, the company captures a substantial slice of the Philippine food and beverage market, sustaining its profitability while seeking avenues for innovation and expansion.

FB Intrinsic Value
68.22 PHP
Undervaluation 23%
Intrinsic Value
Price ₱52.4
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