8 PHL companies make it to Forbes’ inaugural ‘Best Over A Billion’ list

 

Eight of the Philippines’ largest companies made it to Forbes Asia’s inaugural “Best Over A Billion” list, which brings the spotlight to 200 top-performing listed companies across the Asia-Pacific region with revenues of over $1 billion.

Sy-led conglomerate SM Investment Corp. with a market value of $22.796 billion, sales of $7.993 billion, and net income of $704 million is the largest Philippine company on the list.

San Miguel Food and Beverage followed with a market value of $11.861 billion, sales of $5438 billion and net income of $346 million.

The third largest local firm on the list is Ayala Corp., valued at $11.171 billion, with $5.220 billion in sales $604 million in net income.

JG Summit Holdings followed with a market value of $9.037 billion, sales of $5.327 billion, and net income of $364 million.

Home-grown fast food giant Jollibee Foods Corp. made it to the list with $4.829 billion in market value, sales of $3.061 billion, and net income of $158 million.

Townships developer Megaworld Corp. is also on the elite top 200 “Over A Billion” list with a market value of $3.765 billion, sales of $1.022 billion, and net income of $289 million.

GT Capital Holdings followed with $3.743 billion in market value, sales of $3.794 billion, and net income of $254 million.

Retailer Cosco Capital is also part of the list with a market value of $942 million, sales of $3.198 billion, and net income of $105 million.

San Miguel’s Ramon Ang is featured on the cover and the story in the September issue of Forbes Asia.

“The company’s (San Miguel Food and Beverage) shares have surged over 20% this year, outperforming the local stock market benchmark,” Forbes Asia said.

The new “Over A Billion” list complements the long-established Best Under A Billion list of the 200 best performing, small and mid-sized companies in the Asia-Pacific region with less than $1 billion in revenue.

“Together, the two lists now comprehensively cover all of Asia-Pacific’s listed companies, selecting the best 400 from the smallest to the biggest, using $1 billion in sales as a dividing line,” according to Forbes Asia.

The magazine evaluated the “Over A Billion” out of 3,200 listed companies in the Asia-Pacific region based on “more than a dozen metrics” including their average five-year sales, operating income growth, return on capital, and projected growth up to the next two years.

“Those having the highest composite score earned a place in the final list of 200,” Forbes Asia said.

“The goal is to find the region’s best-run companies that are doing well on not just one metric but across many of them. The result is a list that represents the best of Asia-Pacific’s big companies.” —Ted Cordero/VDS, GMA News