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JG Summit Holdings (JGS) PHP

At a glance: strengths & risks
✓Margins improving (21%→27%)✗Profit falling (-347%)✗Loss-making last FY

Sector: Conglomerate

PH_JGS

Price chart

22.25 PHPDay -3.26%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
22.25 PHP · -3.26%
Market cap
167.3 bn PHP

Growth

Δ revenue y/y
1.8%
Δ EBITDA y/y
14.3%

Multiples

P/E (LTM)
18.0x
P/B (FY)
0.4x
P/E (ann.)
4.5x
EV/EBITDA (LTM)
16.3x
EV/EBITDA (ann.)
4.1x

Cash return

Dividend yield
2.0%
FCF yield (LTM)
-5.3%

Value creation

fundamental value/yr, % of market cap
Value created / year
+30.7%
↓ details

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B PHP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB PHPOperating profitB PHPD&AB PHPEBITDAB PHPNet profitB PHPOperating CFB PHPCapex + M&AB PHPAssetsB PHPEquityB PHPROE (annualized)Net debtB PHPSource
2026-03-31Q1 2026 (3M)PARTIAL99.9
y/y 1.8%
17.1
y/y 24.0%
8.6
y/y -1.1%
25.7
y/y 14.3%
9.4
y/y 16.3%
20.5-9.1989.1
y/y -5.2%
416.2
y/y -13.2%
9.1%252.1Link
2025-12-31Q4 2025 (3M)PARTIAL0.1
y/y -99.8%
0.0
y/y -99.9%
0.0
y/y -99.9%
0.0
y/y -99.9%
-0.1
y/y -101.5%
0.0-25.9969.9
y/y -7.0%
404.6
y/y -14.7%
-19.4%250.3Link
2025-09-30Q3 2025 (3M)OK0.1
y/y -6.3%
0.0
y/y 21.4%
0.0
y/y 13.9%
0.0
y/y 17.8%
0.0
y/y -30.3%
0.0-5.61049.9
y/y 2.4%
501.9
y/y 5.0%
0.0%248.4Link
2025-06-30Q2 2025 (3M)OK0.1
y/y 5.0%
0.0
y/y 31.7%
0.0
y/y 10.7%
0.0
y/y 23.9%
0.0
y/y -11.1%
-12.7-5.41048.1
y/y 4.5%
496.3
y/y 5.9%
0.0%253.1Link
2025-03-31Q1 2025 (3M)PARTIAL98.2
y/y —
13.8
y/y —
8.7
y/y —
22.5
y/y —
8.1
y/y —
12.7-5.11043.7
y/y 5.4%
479.7
y/y 5.6%
6.8%261.3Link
2024-12-31Q4 2024 (3M)OK60.1
y/y —
24.4
y/y —
7.6
y/y —
32.0
y/y —
7.2
y/y —
14.9-24.81042.5
y/y —
474.1
y/y —
7.5%232.1Link
2024-09-30Q3 2024 (3M)OK0.1
y/y 1.2%
0.0
y/y -31.9%
0.0
y/y 4.6%
0.0
y/y -18.5%
0.0
y/y 8.2%
0.0-12.81025.8
y/y -4.9%
478.0
y/y 9.6%
0.0%266.2Link
2024-06-30Q2 2024 (3M)OK0.1
y/y 12.6%
0.0
y/y 9.4%
0.0
y/y 16.8%
0.0
y/y 12.1%
0.0
y/y 122.8%
0.0-11.71003.1
y/y -6.6%
468.6
y/y 7.7%
0.0%267.7Link
2024-03-31Q1 2024 (3M)OK0.1
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0-13.8989.9
y/y —
454.4
y/y —
0.0%227.2Link
2023-12-31Q4 2023 (3M)OK0.1
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.61.81112.3
y/y —
445.1
y/y —
0.0%218.7Link
2023-09-30Q3 2023 (3M)OK0.1
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0-5.91078.1
y/y —
436.0
y/y —
0.0%223.4Link
2023-06-30Q2 2023 (3M)OK0.1
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
0.0-10.01074.5
y/y —
434.9
y/y —
—203.1Link

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)303 526
− Cash & equivalents51 429
Net debt252 097

Net debt / LTM EBITDA: 9.8x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₱ mln)

-100 0000100 000200 000300 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-150%-100%-50%0%50%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF (₱ mln)

-75 000-50 000-25 000025 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash (₱ mln)

0100 000200 000300 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Profit and cash

Profit is cash-backed
In a typical year of 2024–2025 operating cash flow came to 1.48x of reported net profit; after capex, -0.29x. Loss years (2025) are left out of the ratio.
year20242025
cash flow / profit1.48x—
accruals, % of assets-1.6%-8.4%
net debt / EBITDA 2.5x · capex 1.6x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +30.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (25 728 − 22 515) × 1.00
3 223
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (167 342 + 252 097) ÷ 25 808
16.3x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (16.3 + 10) ÷ 2
13.1x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 9 253 + 0 + 0 − 0
9 253
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (3 223 × 13.1 + 9 253) ÷ 167 342
+30.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Investor reporting (IR): https://www.jgsummit.com.ph/investor-relations#disclosures

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of JG Summit Holdings (JGS) — from primary filings.

JG Summit Holdings is a Philippine conglomerate with core businesses in food manufacturing, air transportation, banking, real estate development, and petrochemicals. Its major subsidiaries include Universal Robina Corporation, Cebu Pacific Air, Robinsons Bank, and Robinsons Land Corporation.

Frequently asked questions

What is JG Summit Holdings (JGS)'s P/E ratio?
JG Summit Holdings (JGS) trades at a P/E of 18.0x (price to trailing 12-month earnings).
What is JG Summit Holdings (JGS)'s EV/EBITDA?
JG Summit Holdings (JGS) trades at 16.3x EV/EBITDA.
What is JG Summit Holdings (JGS)'s P/B ratio?
JG Summit Holdings (JGS) trades at a P/B of 0.4x.
What is JG Summit Holdings (JGS)'s dividend yield?
JG Summit Holdings (JGS)'s trailing 12-month dividend yield is 2.0%.
What is JG Summit Holdings (JGS)'s return on equity (ROE)?
JG Summit Holdings (JGS)'s ROE is 9.1%.
What is JG Summit Holdings (JGS)'s market capitalization?
JG Summit Holdings (JGS)'s market cap is 167.3 bn PHP.

See also: Philippine Stocks (2026): Where the Value Really Is (and the Traps) · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map