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Eight multi-million dollar companies from the Philippines were included in the list of Forbes Asia’s inaugural “Best Over A Billion”.
SM Investment Corporation, San Miguel Food and Beverage, Ayala Corporation, JG Summit Holdings, Jollibee Foods Corporation, Megaworld Corporation, GT Capital Holdings, and Retailer Cosco Capital were the home-grown companies which are among the 200 top-performing companies across the Asia-Pacific region with revenues of over $1 billion.
SM Investment Corp., the leading Philippine company that is invested in market-leading businesses in retail, banking, and property, is the largest Philippine company on the list having a market value of $22.796 billion, sales of $7.993 billion, and net income of $704 million.
Ramon Ang’s San Miguel Food and Beverage, the largest food and beverage company in the Philippines, followed with a market value of $11.861 billion, sales of $5438 billion and net income of $346 million.
With a market value of $11.171 billion, sales of $5.220 billion and $604 million in net income, Ayala Corp. ranked 3rd on the largest local firms.
JG Summit Holdings with a market value of $9.037 billion, sales of $5.327 billion, and net income of $364 million and fast-food giant Jollibee Foods Corp. with $4.829 billion in market value, sales of $3.061 billion, and net income of $158 million followed on the 4th and fifth spot.
Megaworld’s $3.765 billion market value, $1.022 billion sales, and $289 million net income had them landed on the 6th of the 8th Philippines companies on the ranking.
GT Capital Holdings and Retailer Cosco Capital were the last two on the list having a $3.743 billion in market value, sales of $3.794 billion, and net income of $254 million and $942 million market value, sales of $3.198 billion, and net income of $105 million respectively.
To come up with the list that represents the best of Asia-Pacific’s big companies, 3, 200 listed and candidate companies were evaluated based on more than a dozen metrics including their "average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years. "
“The list also highlights the connection between the companies and members of Forbes Asia’s rich lists,” Forbes said. “‘The Best Over A Billion’ list provides an incredible insight into which are Asia’s best-run big companies.”