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SM Prime Holdings Inc
XPHS:SMPH

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SM Prime Holdings Inc
XPHS:SMPH
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Price: 21.2 PHP -4.93% Market Closed
Market Cap: ₱611.1B

Operating Margin

50.2%
Current
Improving
by 2.1%
vs 3-y average of 48.1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
50.2%
=
Operating Income
₱72.3B
/
Revenue
₱144B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
50.2%
=
Operating Income
₱72.3B
/
Revenue
₱144B

Peer Comparison

Country Company Market Cap Operating
Margin
PH
SM Prime Holdings Inc
XPHS:SMPH
611.5B PHP
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DE
Vonovia SE
XETRA:VNA
20.8B EUR
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BM
Hongkong Land Holdings Ltd
SGX:H78
18.5B USD
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HK
Swire Properties Ltd
HKEX:1972
135.9B HKD
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IL
Azrieli Group Ltd
TASE:AZRG
51.1B ILS
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CH
Swiss Prime Site AG
SIX:SPSN
10.5B CHF
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CN
Zhejiang China Commodities City Group Co Ltd
SSE:600415
92.8B CNY
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CN
China Resources Mixc Lifestyle Services Ltd
HKEX:1209
104.2B HKD
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SG
Capitaland Investment Ltd
SGX:9CI
15.4B SGD
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HK
Wharf Real Estate Investment Company Ltd
HKEX:1997
84.3B HKD
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SE
Sagax AB
STO:SAGA A
92B SEK
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Market Distribution

Higher than 89% of companies in Philippines
Percentile
89th
Based on 267 companies
89th percentile
50.2%
Low
-287 155% — 7%
Typical Range
7% — 24.6%
High
24.6% — 491.3%
Distribution Statistics
Philippines
Min -287 155%
30th Percentile 7%
Median 14.5%
70th Percentile 24.6%
Max 491.3%

SM Prime Holdings Inc
Glance View

In the bustling streets of the Philippines, SM Prime Holdings Inc. stands as a towering monument to the nation's economic evolution. A subsidiary of the larger SM Investments Corporation, SM Prime has adeptly woven itself into the fabric of Filipino daily life since its founding in 1994. With its origins in retail and shopping malls, the company's primary lifeblood flows through its vast network of commercial complexes that dot the archipelago. These malls are not merely shopping centers but cultural hubs where Filipinos gather, celebrate, and express modern lifestyles. By continuously developing new malls and upgrading existing ones, SM Prime attracts both local and global retailers. The leasing income from store spaces, paired with innovative marketing strategies and the allure of high foot traffic, forms the backbone of its revenue model. Beyond its retail empire, SM Prime has diversified its portfolio to include residential developments, commercial properties, hotels, and convention centers, ensuring a steady stream of income from various urban segments. The residential arm, SM Development Corporation (SMDC), crafts accessible housing and upscale condos, catering to the country's growing middle class and urban dwellers. Meanwhile, its commercial and hotel operations draw in business clientele and tourists alike. By capitalizing on the synergy between its retail spaces and its varied real estate ventures, SM Prime not only maximizes profitability but also plays a crucial role in the Philippine real estate market. Together, these components showcase SM Prime Holdings Inc. as a formidable force in regional development, blending community needs with business acumen in a rapidly urbanizing country.

SMPH Intrinsic Value
HIDDEN
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What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
50.2%
=
Operating Income
₱72.3B
/
Revenue
₱144B
What is SM Prime Holdings Inc's current Operating Margin?

The current Operating Margin for SM Prime Holdings Inc is 50.2%, which is above its 3-year median of 48.1%.

How has Operating Margin changed over time?

Over the last 3 years, SM Prime Holdings Inc’s Operating Margin has increased from 45.3% to 50.2%. During this period, it reached a low of 45.3% on Sep 30, 2022 and a high of 50.2% on Sep 30, 2025.

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