SM Investments Corporation
SM Investments Corporation, together with its subsidiaries, invests in retail, banking, and property businesses in the Philippines. The company operates through Property, Retail, Banking, and Portfolio Investments segments. The Property segment develops, conducts, operates, and maintains commercial shopping centers, amusement centers, and cinema theaters within the shopping centers; develops and … Read more
SM Investments Corporation (SVTMF) - Net Assets
Latest net assets as of September 2025: $926.38 Billion USD
Based on the latest financial reports, SM Investments Corporation (SVTMF) has net assets worth $926.38 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.76 Trillion) and total liabilities ($835.46 Billion). 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 | $926.38 Billion |
| % of Total Assets | 52.58% |
| Annual Growth Rate | 10.11% |
| 5-Year Change | 53.42% |
| 10-Year Change | 125.64% |
| Growth Volatility | 2.82 |
SM Investments Corporation - Net Assets Trend (2013–2024)
This chart illustrates how SM Investments 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 SM Investments Corporation (2013–2024)
The table below shows the annual net assets of SM Investments Corporation from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $866.42 Billion | +12.20% |
| 2023-12-31 | $772.20 Billion | +11.56% |
| 2022-12-31 | $692.19 Billion | +11.00% |
| 2021-12-31 | $623.61 Billion | +10.43% |
| 2020-12-31 | $564.73 Billion | +5.33% |
| 2019-12-31 | $536.15 Billion | +8.91% |
| 2018-12-31 | $492.29 Billion | +8.48% |
| 2017-12-31 | $453.81 Billion | +9.42% |
| 2016-12-31 | $414.75 Billion | +8.01% |
| 2015-12-31 | $383.99 Billion | +9.32% |
| 2014-12-31 | $351.26 Billion | +16.99% |
| 2013-12-31 | $300.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SM Investments 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 252.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $521.90 Billion | 83.20% |
| Common Stock | $12.26 Billion | 1.95% |
| Other Components | $93.14 Billion | 14.85% |
| Total Equity | $627.30 Billion | 100.00% |
SM Investments Corporation Competitors by Market Cap
The table below lists competitors of SM Investments Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zurn Elkay Water Solutions Corporation
NYSE:ZWS
|
$6.71 Billion |
|
Arrowhead Pharmaceuticals Inc
NASDAQ:ARWR
|
$6.71 Billion |
|
China Shipbuilding Industry Co Ltd
SHG:601989
|
$6.72 Billion |
|
Federal Home Loan Mortgage Corp Pref Variable Non Cumulative
OTCQB:FMCCN
|
$6.72 Billion |
|
Joint Stock Company Kaspi.kz
NASDAQ:KSPI
|
$6.69 Billion |
|
Nexstar Broadcasting Group Inc
NASDAQ:NXST
|
$6.69 Billion |
|
Clearwater Analytics Holdings Inc
NYSE:CWAN
|
$6.68 Billion |
|
Fannie Mae
LSE:0IL0
|
$6.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SM Investments Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 556,604,699,000 to 627,304,080,000, a change of 70,699,381,000 (12.7%).
- Net income of 82,608,707,000 contributed positively to equity growth.
- Dividend payments of 20,434,530,000 reduced retained earnings.
- Other comprehensive income decreased equity by 527,399,022.
- Other factors increased equity by 9,052,603,022.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $82.61 Billion | +13.17% |
| Dividends Paid | $20.43 Billion | -3.26% |
| Other Comprehensive Income | $-527.40 Million | -0.08% |
| Other Changes | $9.05 Billion | +1.44% |
| Total Change | $- | 12.70% |
Book Value vs Market Value Analysis
This analysis compares SM Investments 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: 0.03x
- 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 |
|---|---|---|---|
| 2013-12-31 | $185.77 | $13.95 | x |
| 2014-12-31 | $210.51 | $13.95 | x |
| 2015-12-31 | $233.55 | $13.95 | x |
| 2016-12-31 | $249.45 | $13.95 | x |
| 2017-12-31 | $272.40 | $13.95 | x |
| 2018-12-31 | $293.37 | $13.95 | x |
| 2019-12-31 | $317.64 | $13.95 | x |
| 2020-12-31 | $335.10 | $13.95 | x |
| 2021-12-31 | $371.59 | $13.95 | x |
| 2022-12-31 | $407.70 | $13.95 | x |
| 2023-12-31 | $455.48 | $13.95 | x |
| 2024-12-31 | $513.36 | $13.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SM Investments 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): 13.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.62%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.71x
- Recent ROE (13.17%) is above the historical average (10.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.51% | 10.82% | 0.40x | 2.88x | $5.50 Billion |
| 2014 | 11.26% | 9.15% | 0.43x | 2.88x | $3.17 Billion |
| 2015 | 10.31% | 8.65% | 0.42x | 2.81x | $862.00 Million |
| 2016 | 10.38% | 8.54% | 0.42x | 2.87x | $1.16 Billion |
| 2017 | 10.03% | 8.27% | 0.41x | 2.93x | $110.18 Million |
| 2018 | 10.49% | 8.24% | 0.42x | 3.00x | $1.74 Billion |
| 2019 | 11.65% | 8.88% | 0.44x | 2.99x | $6.31 Billion |
| 2020 | 5.92% | 6.02% | 0.32x | 3.03x | $-16.49 Billion |
| 2021 | 9.03% | 9.36% | 0.32x | 3.04x | $-4.35 Billion |
| 2022 | 12.41% | 11.15% | 0.37x | 2.98x | $11.96 Billion |
| 2023 | 13.83% | 12.49% | 0.39x | 2.85x | $21.33 Billion |
| 2024 | 13.17% | 12.62% | 0.39x | 2.71x | $19.88 Billion |
Industry Comparison
This section compares SM Investments Corporation's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $1,593,724,061,118
- Average return on equity (ROE) among peers: 8.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SM Investments Corporation (SVTMF) | $926.38 Billion | 12.51% | 0.90x | $6.70 Billion |
| Bon-Ton Stores Inc (BONTQ) | $127.96 Million | -2.78% | 11.33x | $1.79K |
| Companhia Brasileira De Distribuicao (CBDBY) | $16.38 Billion | 4.90% | 2.02x | $89.70 Million |
| Dillard's, Inc. (DDS) | $1.97 Billion | 17.05% | 1.06x | $4.28 Billion |
| El Puerto de Liverpool S.A.B. de C.V (ELPQF) | $27.07 Billion | 14.15% | 0.83x | $6.60 Billion |
| Almacenes Ãxito S.A. (EXTO) | $15.83 Trillion | 3.62% | 2.28x | $591.47 Million |
| Foschini Group Ltd (The) (FHHGF) | $21.65 Billion | 13.97% | 1.45x | $1.64 Billion |
| The Foschini Group Limited (FHNGY) | $4.86 Billion | 23.60% | 0.78x | $1.64 Billion |
| InRetail Perú Corp (INREF) | $1.30 Billion | 6.64% | 2.87x | $887.99 Million |
| Nordstrom Inc (JWN) | $1.19 Billion | 17.09% | 1.58x | $2.23 Billion |
| Kintetsu Department Store Co., Ltd. (KNTTF) | $33.64 Billion | -14.71% | 2.67x | $247.73 Million |