San Miguel Corporation
San Miguel Corporation engages in food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate businesses worldwide. The Food and Beverage segment is involved in feeds production; poultry and livestock farming; processing and selling poultry and meat products, and refrigerated processed and canned meat; milling, producing, and marketing of flour, flour mixes, and ba… Read more
San Miguel Corporation (SMGBF) - Net Assets
Latest net assets as of June 2025: $737.89 Billion USD
Based on the latest financial reports, San Miguel Corporation (SMGBF) has net assets worth $737.89 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.62 Trillion) and total liabilities ($1.88 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $737.89 Billion |
| % of Total Assets | 28.19% |
| Annual Growth Rate | 9.41% |
| 5-Year Change | 3.26% |
| 10-Year Change | 75.76% |
| Growth Volatility | 11.03 |
San Miguel Corporation - Net Assets Trend (2001–2024)
This chart illustrates how San Miguel Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for San Miguel Corporation (2001–2024)
The table below shows the annual net assets of San Miguel Corporation from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $676.44 Billion | +1.70% |
| 2023-12-31 | $665.17 Billion | +4.07% |
| 2022-12-31 | $639.15 Billion | -6.18% |
| 2021-12-31 | $681.24 Billion | +3.99% |
| 2020-12-31 | $655.09 Billion | +14.05% |
| 2019-12-31 | $574.39 Billion | +12.20% |
| 2018-12-31 | $511.95 Billion | +8.68% |
| 2017-12-31 | $471.06 Billion | +7.85% |
| 2016-12-31 | $436.78 Billion | +13.49% |
| 2015-12-31 | $384.88 Billion | -1.18% |
| 2014-12-31 | $389.48 Billion | +6.48% |
| 2013-12-31 | $365.78 Billion | +4.57% |
| 2012-12-31 | $349.78 Billion | +16.94% |
| 2011-12-31 | $299.10 Billion | +12.10% |
| 2010-12-31 | $266.82 Billion | +10.74% |
| 2009-12-31 | $240.94 Billion | +43.22% |
| 2008-12-31 | $168.22 Billion | +15.15% |
| 2007-12-31 | $146.09 Billion | -4.22% |
| 2006-12-31 | $152.53 Billion | +10.45% |
| 2005-12-31 | $138.10 Billion | +2.94% |
| 2004-12-31 | $134.16 Billion | +7.22% |
| 2003-12-31 | $125.13 Billion | +6.67% |
| 2002-12-31 | $117.30 Billion | +37.12% |
| 2001-12-31 | $85.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to San Miguel Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 45.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $89.41 Billion | 31.65% |
| Common Stock | $16.44 Billion | 5.82% |
| Other Comprehensive Income | $18.94 Billion | 6.70% |
| Other Components | $157.72 Billion | 55.83% |
| Total Equity | $282.51 Billion | 100.00% |
San Miguel Corporation Competitors by Market Cap
The table below lists competitors of San Miguel Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Piaggio & C. SpA
OTCGREY:PGGCY
|
$793.06 Million |
|
Da An Gene Co Ltd of Sun Yat-Sen University
SHE:002030
|
$793.09 Million |
|
Qingdao Tianneng Heavy Industries Co Ltd
SHE:300569
|
$793.29 Million |
|
Ennostar Inc
TW:3714
|
$793.47 Million |
|
Sociedad Punta del Cobre S.A
SN:PUCOBRE
|
$792.57 Million |
|
PharmaBlock Sciences Nanjing Inc Class A
SHE:300725
|
$792.53 Million |
|
Grindwell Norton Limited
NSE:GRINDWELL
|
$792.40 Million |
|
Youngone Holdi
KO:009970
|
$792.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in San Miguel Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 316,221,000,000 to 282,507,000,000, a change of -33,714,000,000 (-10.7%).
- Net loss of 7,411,000,000 reduced equity.
- Dividend payments of 12,401,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 12,629,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.41 Billion | -2.62% |
| Dividends Paid | $12.40 Billion | -4.39% |
| Other Comprehensive Income | $-12.63 Billion | -4.47% |
| Other Changes | $-1.27 Billion | -0.45% |
| Total Change | $- | -10.66% |
Book Value vs Market Value Analysis
This analysis compares San Miguel Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $23.99 | $1.25 | x |
| 2002-12-31 | $31.90 | $1.25 | x |
| 2003-12-31 | $33.33 | $1.25 | x |
| 2004-12-31 | $34.77 | $1.25 | x |
| 2005-12-31 | $40.96 | $1.25 | x |
| 2006-12-31 | $37.78 | $1.25 | x |
| 2007-12-31 | $38.77 | $1.25 | x |
| 2008-12-31 | $43.01 | $1.25 | x |
| 2009-12-31 | $65.69 | $1.25 | x |
| 2010-12-31 | $84.51 | $1.25 | x |
| 2011-12-31 | $96.84 | $1.25 | x |
| 2012-12-31 | $105.70 | $1.25 | x |
| 2013-12-31 | $99.38 | $1.25 | x |
| 2014-12-31 | $100.57 | $1.25 | x |
| 2015-12-31 | $99.85 | $1.25 | x |
| 2016-12-31 | $117.43 | $1.25 | x |
| 2017-12-31 | $126.02 | $1.25 | x |
| 2018-12-31 | $141.73 | $1.25 | x |
| 2019-12-31 | $139.45 | $1.25 | x |
| 2020-12-31 | $148.85 | $1.25 | x |
| 2021-12-31 | $137.01 | $1.25 | x |
| 2022-12-31 | $119.47 | $1.25 | x |
| 2023-12-31 | $132.64 | $1.25 | x |
| 2024-12-31 | $97.88 | $1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently San Miguel Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.47%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 9.48x
- Recent ROE (-2.62%) is below the historical average (7.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 9.90% | 5.32% | 0.74x | 2.52x | $-64.70 Million |
| 2002 | 7.08% | 5.06% | 0.77x | 1.83x | $-2.83 Billion |
| 2003 | 7.07% | 4.96% | 0.80x | 1.78x | $-3.06 Billion |
| 2004 | 7.40% | 4.63% | 0.74x | 2.16x | $-2.83 Billion |
| 2005 | 6.54% | 3.98% | 0.67x | 2.45x | $-4.78 Billion |
| 2006 | 7.88% | 4.13% | 0.71x | 2.67x | $-2.78 Billion |
| 2007 | 6.20% | 5.39% | 0.54x | 2.14x | $-5.13 Billion |
| 2008 | 12.91% | 11.51% | 0.50x | 2.26x | $4.36 Billion |
| 2009 | 27.03% | 33.18% | 0.40x | 2.05x | $36.42 Billion |
| 2010 | 9.30% | 8.16% | 0.30x | 3.84x | $-1.51 Billion |
| 2011 | 7.72% | 3.31% | 0.60x | 3.88x | $-5.22 Billion |
| 2012 | 10.94% | 3.95% | 0.67x | 4.12x | $2.36 Billion |
| 2013 | 13.63% | 4.33% | 0.64x | 4.92x | $8.64 Billion |
| 2014 | 6.11% | 1.88% | 0.64x | 5.06x | $-9.35 Billion |
| 2015 | 5.23% | 1.85% | 0.54x | 5.23x | $-11.37 Billion |
| 2016 | 8.02% | 3.28% | 0.52x | 4.67x | $-5.54 Billion |
| 2017 | 9.40% | 3.42% | 0.60x | 4.59x | $-1.80 Billion |
| 2018 | 6.83% | 2.25% | 0.61x | 4.96x | $-10.70 Billion |
| 2019 | 6.42% | 2.09% | 0.56x | 5.47x | $-11.92 Billion |
| 2020 | 0.84% | 0.41% | 0.38x | 5.39x | $-32.51 Billion |
| 2021 | 4.26% | 1.48% | 0.46x | 6.28x | $-18.74 Billion |
| 2022 | -4.55% | -0.86% | 0.63x | 8.40x | $-41.45 Billion |
| 2023 | 0.06% | 0.01% | 0.59x | 7.78x | $-31.42 Billion |
| 2024 | -2.62% | -0.47% | 0.59x | 9.48x | $-35.66 Billion |
Industry Comparison
This section compares San Miguel Corporation's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $86,479,764,469
- Average return on equity (ROE) among peers: 8.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| San Miguel Corporation (SMGBF) | $737.89 Billion | 9.90% | 2.55x | $792.91 Million |
| American Biltrite Inc (ABLT) | $43.30 Million | 0.00% | 2.05x | $837.42K |
| Agro Capital Management Corp (ACMB) | $-1.70K | 0.00% | 0.00x | $1.01 Million |
| African Discovery Group Inc (AFDG) | $756.48K | 35.18% | 5.23x | $82.30 |
| Asahi Kaisei Corp (AHKSY) | $518.08 Billion | 10.90% | 1.45x | $14.57 Billion |
| Ai Holdings Corporation (AIHZF) | $49.53 Billion | 9.33% | 0.23x | $516.06 Million |
| Air T Inc (AIRT) | $8.25 Million | 16.03% | 0.35x | $21.25 Million |
| Alliance Global Group Inc (ALGGY) | $297.12 Billion | 5.96% | 1.17x | $1.28 Billion |
| Alpine 4 Holdings Inc (ALPP) | $-11.50 Million | 0.00% | 0.00x | $13.53K |
| Alaska Power & Telephone Company (APTL) | $33.85 Million | 10.12% | 2.62x | $523.04K |
| Alliance Recovery Corporation (ARVY) | $-1.81 Million | 0.00% | 0.00x | $26.57 |