FOOD: Jollibee (JFC) URC, FB & other co's

[drbubb]

Jollibee (JFC) URC, FB & other Food companies in PHL

UPDATE, Jan. 2023

Sym Last: %psei: BkVal.: %BV :  PER : Div. : Yield :
Psei 6,668 1.6.23:  ====  ==== 12.8x: 149.: 2.23%
FB  : 39.6: 0.59%: 15.81 : 250.% 11.26 : 1.86: 4.70%
Gsmi 105 : 1.57%: 41.03: 256.%  6.84 : 5.50: 5.24%
URC: 137 : 2.05%: 50.56: 271.% 24.91: 3.45: 2.52%
JFC : 242: 3.63%: 45.23: 535.% 26.61: 23.0: 0.95%
Mcd 269.5 ====  $8.97: 30.0x 33.95: 6.09: 2.26%
J/M: 89.8%
===

2014: w/urc,jfc: 2018: mar'20: may'22: 2yr: 1yr: Ytd: 10d/ Last: P39.6 (0.59% Psei). FB-etc. 4'19: 10d.alt/

2014: w/urc,jfc:

PSEI-etc. / 10yr: fr. 9.30.2010: 5yr: 2yr: 1yr: Ytd: 10d/

from 9.30.19 : YTD: 3.30.20: 10d wTFHI/ 5,932: URC:136.4 (2.3%), JFC:143.8 (2.4%), SMC:100.0 (1.7%)

from 9.30.2010:

===

Sym.  : Company Name— : Price : BkVal: %BV: PE-R: Yield : Div. :  yr -L.: yr-H.: %range: (10.09/2020)
FOOD: Alliance Sel. Foods : P0.64: P0.68: 94.1%: -n/a : 0.00%: 0.00:  P0.44: P0.73: 69.0% :
GSMI : Ginebra San Miquel: 46.65: 25.36: 184.%: 7.03 : 2.14%: 1.00:  P25.0: P52.0: 80.2% :
JFC   : Jollibee Foods Corp: 143.8: 47.94: 300.%: -n/a : 1.37%: 2.00:  P91.1: P236.: 36.3% :
LFM. : Liberty Flour Mills.   : 35.05: 18.02: 195.%: 35.1 : 2.28%: 0.80:  P27.1: P75.0: 16.8% : Illiquid
PIP.   : Pepsi Cola Products: P1.70: P2.48: 68,5%: -n/a : 2.59%: 0.04:  P1.20: P2.22:  49.0% :
RCI.  : Roxas and Company: P1.19: P4.01: 29.7%: 15.0 : 0.00%: 0.00:  P1.10: P2.29: 7.56% :
RFM. : RFM Corp.                 : P4.90: P3.51: 140.%: 13.4 : 4.33%: 0.21:  P4.00: P5.51: 59.6% :
ROX. : Roxas Holdings.       : P1.82: P5.92: 30.7%:  -n/a : 0.00%: 0.00:  P1.28: P2.36: 50.0% :
SFI.   : Swift Foods Inc.        : 0.105: 0.081: 130.%: 2.09 : 0.00%: 0.00:  P0.10: 0.161: 8.20% :
SMC : San Miguel Corp.      : 100.0: 139.8: 71.5%:  -n/a : 1.40%: 1.40:  P72.5: 174.0: 27.1% :
TFHI : Top Frontier Inv Hdg : 121.0: 488.0: 24.8%: - n/a : 0.00%: 0.00:  117.0: 230.0: 3.54% : owns SMC shares
URC : Universal Robina Cp. : 136.4: 40.81: 334.%: - n/a : 2.31%: 3.15:  P82.0: 163.4: 66.8% :
VITA : Vitarich Corp.             : P0.74: P0.54: 137.%: 6.53 : 0.00%: 0.00: P0.63: P1.35: 15.2% ::
====
12co: Food companies.       : ==== : BkVal.: %BV :  Ave. : 1.37%: ===== ========= :+36.4% : w/o TFHI
3cos: JFC, SMC, URC ave.  : 126.7: 76.18: 166.%:  Ave.: 1.69%: 2.14:  P81.9: 191.1:+45.2% : 3CoreFoods
PSEI: Philippines Stock Idx : 5,932: 3,969: 149.%: 13.3 : 2.06%: 122.:  4,039: 8,217:+45.3% : Earns P447 :
PSE : Philippine Stock Exch: 156.8: 52.80: 297.%: 22.7 : 5.61%: 8.80: 132.0: 179.5:+52.2% : Earns P6.90 :
====

PAIRS: I am Also Looking at Pairs Trading of JFC against MCD

JFC vs. MCD, PSEI . from Feb'20: 2021: 22: YTD: w/MCD / 10d: w/MCD  Last: P242/ $269.5 = 89.8%

Valuations
Stock-: Price: MktCap: E.P.Sh: PE-R: BVal.: %-BV: $Debt: EntV.: EV/Eb RR’s: EV/ RR
MCD -: 215.0: 165.6B: $ 6.33 :  35.3: (12.7): -N/A-: $51.9B 214.B: 23.5 38.7k $5.53M
JBFCF: 2.805: 3.05Bn: $0.137: 47.9: $0.80: 214%: - N/A.-: 4.04B: 0.36 1200: $3.36M: 60.7%

JFC / Jollibee ... All: 10yr: from 9.17.10: 5yr: 2yr: 1yr: 6mo: 10d/ P 130.2 /

from 9.17.10: 5yr: 2yr: 1yr: 6mo: 10d/ P 130.2 /

JFC.ph ... 5yr: from 9.17.15: 2yr: 1yr: 6mo: 10d/

JFC versus PSEI ... from 2011 : YTD: 10d/ Last: 133 / 5903 = 2.25%

JFC versus PSEI ... YTD: 10d/ Last: 133 / 5903 = 2.25%

I am thinking about Pairs trading JFC against MCD / McDonalds.  But both look like sells now.

So maybe the way to start is buy purchasing PUTS on MCD... Then maybe buying JFC at lower levels

== DATA BANK ==

Year : JFC.ph: -PSEI: Ratio / -MCD- : Ratio :

1995 : p14.20 : 2,594: 0.55%/ $22,56:  62.9%
2000 : p 9.70 : 1,495: 0.65%/ $34.00:  28.5 %
2005 : p40.50: 2,096: 1.93%/ ,$33.72: 120.1%
2010 : p88.90 : 4,201: 2.12%/ $76.76: 115.8%
2015 : p219.0 : 6,952: 3.15%/ 118.14: 185.4%
2016 : p194.0 : 6,841: 2.84%/ 121.72: 159.4%
2017 : p253.0 : 8,558: 2.96%/ 172.12: 147.0%
2018 : p291.8 : 7,486: 3.80%/ 177.57: 164.3%
2019 : p216.0 : 7,815: 2.76%/ 187.61: 115.1%
====
   Q1  : p106.4 : 5,321: 2.00%/ 165.35: 64.3%
   Q2  : p140.0 : 6,608: 2.12%/ 184.47: 75.9%
 9.18 : p130.2 : 5,909: 2.20%/ 220.27: 59.1%
 9.21 : p131.9 : 5,909: 2.23%/ 216.41: 60.9%
 9.22 : p132.5 : 5,894: 2.24%/ 2????? : 00.0%
YrLow p91.10 : 4,039: 2.26%/ 124.23: 73.3%
YrH..: p236.2 : 8,217: 2.87%/ 226.70: 104.2%
====

PHL CONSUMER Stocks: > https://www.pesobility.com/stock/consumer

[drbubb]

Looking at Pairs Trading of JFC against MCD

On the longest term charts, JFC had a heck of a run, way outperforming MCD.  But recently, it has been weaker.  Seems like they ran out of room to growing in PHL, and then started making bad acquisitions, such as Coffee bean.  Jollibee acquired Smashburger in December 2018 and followed through with a buyout of Coffee Bean in September 2019, both of which however have proven to be more of a financial liability to the otherwise strong homegrown food brand.

JFC.ph vs MCD ... All: 10yr: from 9.17.10: 5yr: 2yr: 1yr: 6mo: 10d/ P 130.2 / $220.27 = r-59.1%

from 9.17.10:

JFC.ph vs MCD ... 5yr: from 9.17.15: 2yr: 1yr: 6mo: 10d/

JFC versus PSEI ... from 2011 : YTD: 10d/ Last: JFC: xx / Psei: xxxx = Ratio-xx%

: YTD: 10d/ Last: JFC: 133.0 / Psei: 5,903 = Ratio-xx% ... at 11am on 9.21.20

Year : JFC.ph: JBFCF -MCD-:  JF/M : JB/M
1995 : p14.20 : $0.54: $22.56:  62.9%: 2.39%
2000 : p 9.70 : $0.19: $34.00:   28.5%: 0.56%
2005 : p40.50: $0.77: $33.72: 120.1%: 2.28%
2010 : p88.90 : $1.95: $76.76: 115.8%: 2.54%
2015 : p219.0 : $4.57: 118.14: 185.4%: 3.87%
2016 : p194.0 : $3.75: 121.72: 159.4%: 3.08%
2017 : p253.0 : $5.03: 172.12: 147.0%: 2.92%
2018 : p291.8 : $5.63: 177.57: 164.3%: 3.17%
2019 : p216.0 : $4.25: 187.61: 115.1%: 2.26%
   Q1  : p106.4 : $2.16: 165.35:   64.3%: 1.31%
   Q2  : p140.0 : $2.85: 184.47:   75.9%: 1.54%
 9.18: p130.2 : $2.70: 220.27:  59.1%: 1.22%
YrLow p 91.10 : $1.95: 124.23:  73.3%: 1.57%
YrH.. : p236.2 : $4.67: 226.70: 104.2%: 2.06%
====

[drbubb]

JOLLIBEE VS MCDONALDS? WHAT STOCK SHOULD YOU BUY?

He likes...

[drbubb]

Jollibee sees Coffee Bean, Smashburger acquisitions paying off in 2021...

www.philstar.com › business › 2020/07/24 › jollibee-se...

Jul 24, 2020

MANILA, Philippines — Despite the pandemic keeping many people indoors, Jollibee Foods Corp. is expecting its loss-making acquisitions to turn to growth next year.
The first to book profits, Tony Tan Caktiong, company chairman and founder, said would be Coffee Bean & Tea Leaf. The American coffee chain should go back in the black as early as the first quarter of next year.
“We expect Coffee Bean’s performance to improve by the fourth quarter of this year and become profitable by next year 2021,” Tony Tan Caktiong, company chairman and founder, said during Jollibee’s annual stockholders meeting held via Zoom.

“We believe the Coffee Bean brand is one which can resonate and be loved by consumers globally beginning in Asia to the US,” he added.
Smashburger, another US-based fast-food chain owned by Jollibee, is also targeted to swing to profits next year, driven mainly by closure of some of its 350 stores deemed to have been underperforming way before the pandemic struck.

. . . Jollibee paid a total of $445 million for Smashburger (2018), $110 million of which was settled in 2018. Coffee Bean, on the other hand, was gobbled up by Jollibee with a $350-million price tag in 2019. Since then however, the Jollibee group’s profits slowly dwindled, dropping 14.4% year-on-year in 2019, before turning red in the first quarter of 2020 with the pandemic’s impact acting as the final nail.

Sought for comment, Nicky Franco, vice-president for research at Abacus Securities Corp., said a full-year loss for the Jollibee group this year is all but certain, and it is not just because of the coronavirus outbreak’s tempering impact on customers.

“There’s a term I saw recently – ‘kitchen sinking’ which means management will probably recognize all the losses and clean up everything this year so that 2021 and beyond will look much better,” Franco said in an online exchange. 

“Market consensus is already for a loss this year so it shouldn't be surprising,” he added.

Apart from Smashburger, Franco said cost-cutting measures must also be enforced at Coffee Bean to trigger growth, a matter already started with Caktiong saying work of the coffee chain’s back-end office had been transferred to Jollibee’s shared services in the Philippines.

/ 2 /

“[It will] bring JFC closer to its vision to be one of the top 5 restaurant companies in the world in terms of market capitalization,” the company remarked.

CBTL ended August 31 with 1,180 outlets, 336 of which are company-owned while 844 are franchised. Of these, 288 are in the US, 439 in Southeast Asia (Philippines 150, Indonesia 88, Malaysia 100, Singapore 65), 301 in East Asia (South Korea 290), 152 in the Middle East and other parts of Asia (Kuwait 36, Qatar 28, Saudi Arabia 16, Egypt 13, India 25).

In 2018, CBTL booked a net loss of $21.38 million. Jollibee aims to turn its fortunes around in 12 to 18 months.

> https://www.asianjournal.com/business/business-news/jollibee-completes-coffee-bean-acquisition/

[FriarN]

MCD/ JFC Pairs: "Got started last night...  with some near perfect execution"... - (picked up from DrBubb's Viber chat)

The idea of trading MCD/ McDonalds against JFC/ Jollibee came to me last week, and when I looked into it, I found there is presently a great set-up, so I jumped in to my first trade last night, starting with the Short side in MCD puts

MCD / McDonalds Corp*... 10d : JFC-10d : MCD: $214.90, JFC: P138.10, 64.3% MCD

MCD/ JFC PAIRS: Got started last night...  
With some near perfect execution...
BOT Oct.220 Puts Paid average of $5.90...
As MCD rallied to $219.68, near my ideal target
of $220 (Top of Gap)
Then MCD slid with market, closing at $214.97.
The MCD puts closed at 8.30-8.60= 8.45 Mid.
(Puts are already up 43%, while I was sleeping)
Nicely in profit. Will aim sell half at $12 if poss.
And keep the other half as a “free” hedge,
$220 x1cts = $22,000 x 48.6= Php 1.07m

MCD: P1.07M /138 = 7,750 JFC shares to buy.

MCD ... YTD : $215.  Next big support level is $200, with some minor support at $210

*McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois. : MktCap: $215 x 744M= $160 Bn / 38,695 RR;s = $4.13 Million per RR

JFC’s MktCap: P138 , JBFCF: $2.805 x1.11 B= $3.11 Bn /1,200 RR= $2.59M per RR

[FriarN]

Jollibee has a US quote (JBFCF)

JBFCF vs MCD, JFC.ph... fr. 9.30.2010: 3.1.2013: 5yrW: 2yr: 1yr: YTD: 10d/ $2.805 / $215= 1.30%

JBFCF ... 5yr

JBFCF -to MCD ... ratio: 1.31%... Low was near 1.2% x php50= 60%

Valuations
Stock-: Price: MkCap: E.P.Sh.: PE-R: BVal: %-BV: $Debt: EntV.: EV/Eb RR’s: EV/ RR
MCD -: 215.0: 165.6B: $ 6.33: 35.3: (12.7): -N/A-: $51.9B 214.B: 23.5 38.7k $5,53M
JBFCF: 2.805: 3.05Bn: $0.137: 47.9: $0.80: 214%: N/A.B: 4.04B: 0.36 1200: $3.36M

[FriarN]

Store closures, digital pivot costs push Jollibee deeper in the red

www.philstar.com › business › 2020/08/05 › store-clos...

 

Prinz Magtulis (Philstar.com) - August 5, 2020 - 10:05am ... As a result of the push for more food deliveries, Jollibee said it is shutting down 255 branches and ...

 

/ 2 /

Philippine fast food giant Jollibee loses US$240 million and ...

sea.mashable.com › Article › Culture

 

Aug 6, 2020 - Crunching Jollibee's numbers. ... The fast food giant will also be opening 338 more stores in 2020 and aims to make Smashburger and The ...

[drbubb]

• 08:02 McDonald’s raises quarterly dividend to $1.29 a share from $1.25 MarketWatch
• 08:01 McDonald’s U.S. same-store sales up 4.6%; FactSet consensus up 2.5% MarketWatch
• 08:01 McDonald’s Q3 same-store sales down 2.2%; FactSet consensus down 5.0% MarketWatch

McDonald’s stock jumps after upbeat sales report, raised dividend MarketWatch

[drbubb]

PSEI-etc. / 10yr: fr. 9.30.2010: 5yr: 2yr: 1yr: Ytd: 10d/

from 9.30.19 : YTD: 3.30.20: 10d/ 5,932: URC:136.4 (2.3%), JFC:143.8 (2.4%), SMC:100.0 (1.7%)

from 9.30.2010:

===

Sym.  : Company Name— : Price : BkVal: %BV: PE-R: Yield : Div. :  yr -L.: yr-H.: %range: (10.09/2020)
FOOD: Alliance Sel. Foods : P0.64: P0.68: 94.1%: -n/a : 0.00%: 0.00:  P0.44: P0.73: 69.0% :
GSMI : Ginebra San Miquel: 46.65: 25.36: 184.%: 7.03 : 2.14%: 1.00:  P25.0: P52.0: 80.2% :
JFC   : Jollibee Foods Corp: 143.8: 47.94: 300.%: -n/a : 1.37%: 2.00:  P91.1: P236.: 36.3% :
LFM. : Liberty Flour Mills.   : 35.05: 18.02: 195.%: 35.1 : 2.28%: 0.80:  P27.1: P75.0: 16.8% : Illiquid
PIP.   : Pepsi Cola Products: P1.70: P2.48: 68,5%: -n/a : 2.59%: 0.04:  P1.20: P2.22:  49.0% :
RCI.  : Roxas and Company: P1.19: P4.01: 29.7%: 15.0 : 0.00%: 0.00:  P1.10: P2.29: 7.56% :
RFM. : RFM Corp.                 : P4.90: P3.51: 140.%: 13.4 : 4.33%: 0.21:  P4.00: P5.51: 59.6% :
ROX. : Roxas Holdings.       : P1.82: P5.92: 30.7%:  -n/a : 0.00%: 0.00:  P1.28: P2.36: 50.0% :
SFI.   : Swift Foods Inc.        : 0.105: 0.081: 130.%: 2.09 : 0.00%: 0.00:  P0.10: 0.161: 8.20% :
SMC : San Miguel Corp.      : 100.0: 139.8: 71.5%:  -n/a : 1.40%: 1.40:  P72.5: 174.0: 27.1% :
TFHI : Top Frontier Inv Hdg : 121.0: 488.0: 24.8%: - n/a : 0.00%: 0.00:  117.0: 230.0: 3.54% : owns SMC shares
URC : Universal Robina Cp. : 136.4: 40.81: 334.%: -n/a : 2.31%: 3.15:  P82.0: 163.4: 66.8% :
VITA : Vitarich Corp.             : P0.74: P0.54: 137.%: 6.53 : 0.00%: 0.00: P0.63: P1.35: 15.2% ::
====
12co: Food companies.       : ==== : BkVal.: %BV: Ave. : 1.37%: ===== ========= :+36.4% : w/o TFHI
3cos: JFC, SMC, URC ave.  : 126.7: 76.18: 166.%: Ave.: 1.69%: 2.14:  P81.9: 191.1:+45.2% : 3CoreFoods
PSEI: Philippines Stock Idx : 5,932: 3,969: 149.%: 13.3 : 2.06%: 122.:  4,039: 8,217:+45.3% : Earns P447 :
PSE : Philippine Stock Exch: 156.8: 52.80: 297.%: 22.7 : 5.61%: 8.80: 132.0: 179.5:+52.2% : Earns P6.90 :
====

Edited October 12, 2020 by drbubb

[drbubb]

Top Frontier Investment Holdings- is a Big One, and an odd one...

Sym.  : Company Name—  : Price : PE-R: Yield : Div. :  yr -L.: yr-H.: %range: (10.09/2020)
SMC : San Miguel Corp.      : 100.0:  -n/a : 1.40%: 1.40:  P72.5: 174.0: 27.1% :
TFHI : Top Frontier Inv Hdg : 121.0: -n/a : 0.00%: 0.00:  117.0: 230.0: 3.54% : owns SMC shares
UPDATED - Aug.1, 2022
Sym.  : Company Name—  : Price : PE-R: Yield : Div. :  yr -L.: yr-H.: %range: (08.01/2022)
SMC : San Miguel Corp.      : 104.5:  -n/a : 1.34%: 1.40:  P98.9: 122.0: 24.2% :
TFHI : Top Frontier Inv Hdg : 115.0: -n/a : 0.00%: 0.00:  100.0: 140.0:  37.5% : owns SMC shares

TFHI owned 66% of San Miguel Corp. + 100% of a Mining entity, Clariden Holdings.

TFHI vs. SMC ... update: YTD:  Aug.1, 2022

With PSEI: YTD: from Jan'19: Jan'16: / Last: 129.4  / 100.2 : 129.1%

TFHI (332.9 M shs.) owns 1,573M shs of SMC.: Each TFHI share is backed by 4.72 SMC shares

SMC has 2378.4m shares OS, & Php 139.8 BkV : 1,573M shs is 66.1%

TFHI / Top Frontier ... All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d / Last: 129.4  / 100.2 : 129.1%

xx

TFHI vs. SMC, psei ... All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d / Last: 129.4  /100.2 = Ratio:129.1%

 

[drbubb]

The CHEAPEST Food stock, possibly... is RCI, Roxas & Co., (which might also be a property stock)

Cheap: by % Book Value,  and cheap by the size of its rally within the range

RCI could bust thru resistance at the 76d MA tomorrow

RCI ... Ytd: 3mo: 10d / Last: 1.22

Ideally, I would like to see RCI trade over 10M shares this week in a single day, and burst through, trading above P 1.24.  Let's see if we get that.

[drbubb]

FOOD PRICES Set to Rise now?... Started already probably

Sugar & DBA, vs Coffee & Cocoa ... 2018: 2019: 2020: YTD / DBA: x, Sugar: x, Coffee: x, Cocoa: x vs. SLV: xx

Video : 

Here's Why Food Prices Will Double then Triple, Are You Ready?

==

[drbubb]

Jollibee has broken out of its downwards trend...  and is playing catch-up with MCD

"the alligator is pushing its tongue towards the roof of the mouth"

JFC vs-MCD ... Year-2020: 2020-23:  >> Updated Below

xx

 

[drbubb]

UPDATE on Jollibee - JFC,  Watch the Tongue

OLD : "the alligator is pushing its tongue towards the roof of the mouth"

NEW : MCD vs JFC - from 2020.  8.1.22: 205.40 +4.20 : 7.31.22: 201.20,  / MCD: 263.37  = 76.4%

JFC vs MCD ... From Oct 2015:

JFC : All :

MCD : All:

 

[drbubb]

MORE URC BUYBACKS announced
URC / Universal Robina ... since 2012: 5yr: 2yr: 1yr: 10d / Last:

URC .. All:     ... Book Value at YE'2021: P49.71, up 34.6% from YE'2017: P36.93

===

Lance Gokongwei thumbs up P5B purchase of URC shares which has tanked 36% despite P3B buyback in last 12 months

Ultra bilyonaro Lance Gokongwei is planning to ramp up his acquisition of Universal Robina Corp. (URC) shares which have lost over a third of their value even after burning P3 billion in a buyback program over the last 12 months.

Price hikes coming: Lance Gokongwei to cut URC’s costs by P1.5B a year amid surging commodity prices

The URC board chaired by Gokongwei allocated P5 billion to buy back more shares of the company from the market.

URC has already used up P2.9 billion of the P3 billion buyback budget it approved in July 2021.

Gokongwei heirs get their inheritance: Lance, Robina, Lisa collect P411M in JG Summit, URC stocks

It has bought 24.74 million URC shares at an average price of P115.

> https://bilyonaryo.com/2022/07/30/kahit-flop-lance-gokongwei-thumbs-up-p5b-purchase-of-urc-shares-which-has-tanked-36-despite-p3b-buyback-in-last-12-months/

[drbubb]

FB / San Miguel Food & Beverage Inc. looks cheap... and has a decent Yield (4.70%).  BkVal.: P15.81 ye'21

FB-etc... All: 5yr: from Apr.2019: 2014: 2yr: 1yr: Ytd: 10d.alt/ Last: P39.6 /SMC (P93.7) = 4.70%, PER: 11.26

2014: w/urc,jfc: 2yr: 1yr: Ytd: 10d/ Last: P39.6

FOOD : 2014: 2018: 5yr: 1yr: Ytd: 10d / 6,668: JFC: 242 (3.63%), URC: 137 (2.05%), FB: 39.6 (0.59%),

FOOD : 2014: 2018: 5yr:/ 6,668: FB: 39.6 (0.59%)

San Miguel Food and Beverage, Inc. (formerly San Miguel Pure Foods Company, Inc.) is a Philippine food and beverage company headquartered in Pasig, Metro Manila. It is the largest food and beverage company in the Philippines, with nearly 3,000 employees deployed in a nationwide network of offices, farms, manufacturing, processing and distribution facilities. The company is a subsidiary of San Miguel Corporation (SMC).

In 2001, San Miguel Corporation (SMC) acquired Pure Foods Corporation from Ayala Corporation.^[2] Following the acquisition, the entire food division of SMC was consolidated under Pure Foods Corporation and the company was renamed San Miguel Pure Foods Company, Inc. Its integrated operations range from breeding, contract growing, processing and marketing of chicken, pork and beef to the manufacture of refrigerated, canned and ready-to-cook meat products, ice cream, butter, cheese, margarine, oils and fats, as well as animal and aquatic feeds. It holds in its portfolio some of the most formidable brands in the Philippine food industry

[drbubb]

Chicken vs. Pizza and Burgers

MAXS vs. PIZZA (Shakeys) and AGI (McDonalds, etc) ... from 2015: '22: All: 10yr: 5yr: 2yr: 1yr: 10d:

(/psei-xx) MAXS: 00 (0%), PIZZA: 00 (0%), AGI: 00 (0%), MEG: 00 (0%),

2015: 1yr: 10d:

MAXS ... 2015: 2022:

Versus BV

Stock  1.23.23: BkVal: %BV : PER : Yield:
MAXS : P4.90 : P4.34 : 113.%: 8.69:  n/a :
PIZZA : P8.28 : P3.67 : 226.%: 22.8: 0.36%
AGI.    :  12.44 : 22.15 : 56.2%: 6.96: 0.96%
MEG.  : P 2.12 : P6.24 : 34.0%: 4.91: 2.90%
====
JFC    :  243.0 : 50.10. : 485.%: 26.7: 0.95%
MCD. :  268.6 : -8.97  : NEG%: 33.8: 2.26%
PSEI.  : 7,013. :   ???  :   ????? : 14.5:

[drbubb]

RFM Foods was founded as Republic Flour Mills back in 1957...

Has businesses involving flour, branded food products, and ice cream.

PH:RFM Corp.  All: 2010: 5yr: 2yr: Ytd: 10d/ P3.76 PER:9.65. Yield: 6.40%, BV:3.95 (range: 3.30 to 4.65)

: 2010:

  All:

 

Stock 2.13.23 BkVl.:  %BV : PER : Yield:
MAXS P5.43: P4.34: 125.%:  9.53:  n/a :
RFM : P3.76: P3.95: 95.2%: 9.65: 6.40%
PIZZA P8.50: P3.67: 232.%: 23.4: 0.35%
FB.    : 50.00: 15.81: 316.%: 1421: 3.72%
AGI.  :  12.88: 22.15: 58.1 %: 7.21 : 0.93%
MEG.: P2.34: P6.24: 37.5%: 5.42: 2.63%
====
JFC   : 239.8: 50.10: 485.%: 26.4: 0.96%
MCD.:  266.2: -8.97: NEG%: 31.9: 2.28%
PSEI. : 6,839.:   ??? :  ????? : 14.1:
====

 

RFM  : Earns / xPct = Divs.Paid
‘2023: 0.40E/ 60.%E 0.24E: jan, .104:
’2022: 0.390/ 61.5%: 0.240: jan, .116:  jul, .077: sep, .059
’2021: 0.390/ 58.5%: 0.228: feb, .104:  jul, .124
‘2020: 0.380/ 55.3%: 0.210: feb, .106: aug,.106
’2019: 0.360/ 44.4%: 0.160:  feb, .081: aug,.077
’2018: 0.320/ 46.9%: 0.150:  feb, .086: sep,.064
====

RFM Corporate Profile

RFM, formerly known as Republic Flour Mills, Inc., was incorporated in 1957 primarily to engage in the production of flour and contribute to the country's self-reliance in basic food.The company listed its shares in the Philippine Stock Exchange in 1966.Through the years, RFM gradually diversified into poultry and livestock production and other areas of food manufacturing, including flour-based products, margarine, milk and juices,canned and processed meat, ice cream, and bottled mineral water. The company was forced to sell many of its operating subsidiaries due to the aftermath of the Asian Financial Crisis of 1997, such as the Consumer Bank and Cosmos, but has managed to retain and sustain its businesses involving flour, branded food products, and ice cream.

 

Exchange where Listed and Total Outstanding Shares

The Company has unclassified common shares that are available to both Filipino and Foreign investors. These are listed and traded in the Philippine Stock Exchange under the stock symbol RFM. As of 31 December 2022, RFM Corporation has 3,369,549,358  outstanding common shares Stockholders Name Shares (Sum) Percentage 1 TRIPLE EIGHT HOLDINGS INC.                     745,157,196 : 22.11% 2 PCD NOMINEE CORPORATION (FOREIGN) 723,887,770 : 21.48% 3 HORIZONS REALTY INC.                                650,139,738 : 19.29% 4 BJS DEVELOPMENT CORPORATION            311,210,184 :   9.24% 5 RPMC RESOURCES INC.                                201,982,966 :   5.99% ===============================   == Top 5 == : 78.11%

[drbubb]

RFM vs. SFI ... from 1/'13: 1/'16: 1/'20 : sfi-0.078 / rfm-3.80 = 2.05%. SFI was spun-off from RFM long ago

from 1/'13: 1/'16:

xx

===

[drbubb]

MAXS down today : 4.60 -0.30, -6.1%.  PER: 4.52, Yield: 4.19% (Range: 4.07 to 6.35) B.V.: xx

MAXS-etc... 2017:

OLD NEWS :

MAXS - Max's Group, Inc.

C02024: Max's Group sets historic organic income... - 1

Max's Group, Inc. ("MGI" or the "Group"), the largest casual dining restaurant group in the Philippines, posted an all-time high organic net income for 2022 surpassing pre-pandemic levels amidst COVID lockdowns, market changes and commodities risks faced throughout the year. Full year organic net income in 2022 for MGI totaled P622 million, 38% higher than the 2021 statutory net income of P451 million which includes a P377 million gain from the sale of a subsidiary. In terms of organic profitability, the 2022 financial results reflect an 8x multiple versus 2021 and outperform pre-pandemic 2019 by 63%. The Group's resurgence was strongly backed by its strong core portfolio of brands across its local and international store network. Dine-in brands Max's Restaurant and Pancake House secured a significant boost in sales as restrictions continued to relax, while off- premise brands Yellow Cab Pizza Co. and Krispy Kreme sustained their pandemic-proofed resilience. In addition, MGI has further strengthened its manufacturing capabilities with the commissioning of its consolidated commissary, which expanded the Group's growth potential into manufacturing and its food retail and business to business (B2B) segments as an adjacency to its core.

MGI products are already present in supermarkets and convenience stores. This segment is gaining traction as MGI aims to be a leader in the growing food retail category to supplement its core restaurant and commissary businesses. MGI's system wide sales ("SWS") generated from both company- owned and franchised stores for the full year amounted to P17.60 billion, growing 41% from the same period last year with 2021 sales of P12.52 billion. Consolidated revenues of the Group for the year amounted to P10.98 billion, a 44% growth from P7.64 billion in the same period of the previous year. Local same store sales growth ("SSSG") soared by 43% while global SSSG increased by 36% proving opportunities were maximized as the market continues to open, bolstered by continued relaxed restrictions and holiday demand surge in the fourth quarter.

2 /

For the fourth quarter, SWS reached P5.04 billion, a 29% increase versus same period in 2021 of P3.90 billion. Revenues likewise grew by 39% for the period, up by almost a billion pesos to P3.21 billion from P2.32 billion in the same quarter of the prior year. Local market sales jumped by 33% in 4Q 2022 versus the same period last year as consumer confidence, mobility, and economics continue to revive. Meanwhile, the international business reported a solid 15% growth despite labor challenges in the North America market, with new agreements in place to further expand global reach in other markets.

As the Group strategically and proactively placed measures to counter market volatility and rising commodity prices, gross profit margin was stable at 34.5% for the quarter. Strengthened supply chain capabilities provide end-to-end upsides in procurement, manufacturing and logistics. Full year gross profit posted was at P3.8 billion, at par with 2019. In terms of margin, 2022's gross profit was at 34.3% which is higher by nearly 700 bps from the 2019's 27.4%. Margins for full year 2022 and in the fourth quarter alone reflect historic highs as compared to pre-COVID benchmarks.

Full year margins are up, with record high earnings before interest, taxes, depreciation, and amortization (EBITDA) and net income margins at 19.8% and 5.7% as compared to the organic 2019's 16.4% and 2.6% margins, respectively. For the fourth quarter, the Group EBITDA margin of 22.0% and net income margin of 6.1% are up by 284 and 333 basis points, respectively versus organic margins in the comparable period in 2019. The Group posted net income before tax (NIBT) of P855 million and a 7.8% margin in 2022 which are purely coming from operations. This surpassed 2021's statutory NIBT by 60% at P535 million and is 5x of its organic NIBT of P158 million. Moreover, 2022 organic NIBT is 31% higher versus 2019's. As of 31 December 2022, the Group's store network covers 14 territories, with 612 Philippine sites and 66 stores situated across various locations in North America, the Middle East, and Asia.

[drbubb]

FOOD-Max fr 2016 : 1yr: 10d: 4.90+0.23 (2.19%), RFM: 3.24(1.45%) /JFC: 224. vs.MCD: $298, agi: 13.60

[drbubb]

RFM / RFM Corp. "Republic Flour Mills" ...

RFM Corporation (RFM) was incorporated on August 16, 1957 as Republic Flour Mills, Inc. to manufacture flour in the Philippines. From its original business ...

All : Last: P 3.23.  BkVal.: 3.95, 12 mo.R: 3.19 to 4.30

Update, 7.13.23: P 3.11 PER: 12.03, Yield: 8.11% (P 0.25)

RFM Corporation (RFM) was incorporated on August 16, 1957 as Republic Flour Mills, Inc. to manufacture flour in the Philippines. From its original business of flour milling, the Company diversified into poultry and livestock production and areas of food manufacturing that includes flour-based products, margarine, milk & juices, canned and processed meat, ice cream, and bottled mineral water. RFM also operates non-food businesses, which include barging services and leasing of commercial/office spaces that serve the internal requirement of the various operating divisions.

> More: https://edge.pse.com.ph/companyInformation/form.do?cmpy_id=77

[drbubb]

FB / San Miguel and two other brewers ...

FB, BUD/ Anheizer Busch, HEINY / Heineken ... From 2020: P45.45,  $55.62, $50.76

ETC: Add LTG ( Lucio Tan Group, ex. Tanduay) and holding co.: P9.38; 6.4% Yield, PER: 4.06

10 years: FB support at P42.5.  BUD support at about $50

[drbubb]

LTG: Tobacco, Banking, Drinks, Property etc :  Last: P 9.38 / B.V.: 18.38 = 51.0%

LTG, ALL: 10yr: 5yr: 2yr: 10d/ P9.38

[drbubb]

FOOD PAIR :  JFC vs. MAXS ( & AGI)

MAX etc: 1.20.16: 4.70, bv:4.97 (94.6%), pe:5.60x, y:4.10%.  JFC: 242.8, bv: 55.61 (437%), pe: 39.5, y: 0.95%

MAX etc: 1.20.16: Ytd: 10d:  AGI: 13.40, bv: 25.42 (52.7%), pe: 7.31x, y: 0.90%

MAXS - Max's Group, Inc.

C04606: Max's Group press release

Max's Group Announces Management Changes Max's Group, Inc. ("MGI" or the "Company"), the country's largest casual dining chain, today announced management changes to re- align its focus to its customers as it further stimulates growth across all its business units.

MGI will be led once again by Robert F. Trota as President and CEO, reporting to the Board of Directors. In this role, the business units of Max's Restaurant, Yellow Cab Pizza Co., Pancake House, Krispy Kreme, Jamba Juice, Teriyaki Boy, Sizzlin' Steak, Dencio's, and manufacturing arm, No Bia, Inc. will report to Mr. Trota. This change will take effect following the resignation of Ariel P. Fermin, current President, effective August 31, 2023.

"Today's announcement represents the continuing evolution of the business, relying on strengths we have developed and mastered throughout the years," said Sharon T. Fuentebella, Chairperson, Max's Group, Inc. "Our course remains unaltered. The customer will always be at the center of what we do. Robert has over 20 years of experience in the food and beverage industry, and together with the Board and Management Team, we will ensure the Company's goals are executed consistent with our Vision and Mission." Added Fuentebella, "Finally, I would like to thank Ariel for his innumerable contributions to MGI. He led the Company through one of the most challenging periods of our time. Through his leadership, MGI not only beat the odds during the pandemic, but refined the model for our existing business and established new opportunities in a fast- growing food retail category."

===

*Ariel Fermin quits just 18 months after being ...

Jun 13, 2023 — MAXS announced that Ariel P. Fermin is resigning as president effective August 31. In its disclosure, MAXS revealed that Fermin was quitting due ...

> https://bilyonaryo.com/2023/06/13/anyare-isias-fermin-quits-just-18-months-after-being-named-maxs-president/business/#gsc.tab=0

 

Isaias Ariel P. Fermin ... The former president of Greenwich and Chowking is departing from the Max’s Group of restaurants just a little over year into his top post.

...is a Philippine businessperson who has been at the head of 6 different companies. Presently, he holds the position of President & Director at Max's Group, Inc., Chairman for PLDT-Philcom, Inc. and Chairman of PLDT-Maratel, Inc.