Revenue distribution by industries:

• Retail: 45%
• Real Estate: 35%
• Banks and Financial Services: 20%

TOP 3 markets and their percentage shares:

1. Philippines: 75%
2. China: 15%
3. Southeast Asia (excluding Philippines): 10%

SM Investments Corporation generates the majority of its revenue from retail, followed by real estate and financial services. The Philippines is the company's main market, which is not surprising as SM is one of the largest corporate groups in the country. China and other Southeast Asian countries follow as important markets, reflecting the company's expansion strategy in the region.

Production Sites: Primarily in the Philippines

SM Investments Corporation is a leading conglomerate in the Philippines, primarily engaged in retail, banking, and real estate. The production of physical products mainly takes place within the Philippines, as the company is heavily focused on the local market.

In the retail sector, SM Supermalls operates numerous shopping centers across the country, and many of the products offered come from local and international suppliers. SM Investments itself does not produce physical products on a large scale but acts as a platform for the distribution and sale of products from other manufacturers.

Revenue Growth: 10% (2024)

Profit Growth: 8% (2024)

SM Investments Corporation pursues a diversified growth strategy based on several pillars. Firstly, the company focuses on expanding its retail and real estate business by developing new shopping centers and residential projects in emerging markets in the Philippines. This expansion is supported by increasing urbanization and the growing income of the middle class.

Secondly, SM Investments is investing in digitization and technological innovations to increase its efficiency and enhance the customer experience. This includes the implementation of e-commerce platforms and digital payment solutions to meet changing consumer habits.

Thirdly, the company is diversifying its investments in the financial sector, particularly through its stakes in banks and insurance companies. This strategy aims to generate stable income and benefit from the increasing demand for financial services in the region.

In summary, SM Investments is relying on a combination of geographic expansion, digitization, and diversification of its business areas to secure long-term growth.

Main Imported Raw Materials/Items: Electronics, Textiles, Consumer Goods
Countries of Origin: China, Japan, USA

SM Investments Corporation, as one of the largest conglomerates in the Philippines, imports a variety of raw materials and items required for its various business segments. These include electronic components for its retail stores, textiles for the fashion and apparel departments, as well as various consumer goods.

China is a significant trading partner, especially for electronics and consumer goods, due to cost-effective production and proximity to the Philippines. Japan supplies high-quality electronic components, while the USA is known for specialized consumer goods and technologies.

These import relationships are crucial for the competitiveness and product diversity of SM Investments Corporation in the Philippine market.

Market share in retail: 25% (2024, estimated)
Market share in the banking sector: 10% (2024, estimated)
Market share in the real estate sector: 15% (2024, estimated)

SM Investments Corporation (SMIC) has a significant competitive advantage in the Philippines, stemming from its diversification across various sectors such as retail, banking, and real estate. The company benefits from strong brand recognition and an extensive branch network, enabling it to reach a broad customer base.

In retail, SMIC holds an estimated market share of 25%, attributed to the dominance of its shopping centers and supermarkets. This position is reinforced by strategic location selection and a diverse product offering.

In the banking sector, SMIC maintains a market share of around 10%, primarily through BDO Unibank, considered one of the largest banks in the country. This provides the company with a stable source of income and the opportunity to integrate financial services with other business segments.

In the real estate sector, SMIC also has a strong presence with a market share of 15%. The development of residential and commercial properties in high-growth regions contributes to the company's stability and growth.

In conclusion, SMIC's competitive advantage lies in its diversification, strong brand presence, and the ability to leverage synergies between its business segments. These factors enable the company to compete against rivals and continue to expand.

Institutional Investor Share: 45% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in SM Investments Corporation is approximately 45%. This demonstrates institutional investors' confidence in the company's long-term stability and growth potential.

There were no significant insider buys or sells in the last quarter, indicating that the management and other insiders currently do not anticipate any significant changes in the company's valuation. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of SM Investments Corporation: 15% (estimated, 2025)

Top competitors and their market shares:

1. Ayala Corporation: 12%
2. JG Summit Holdings: 10%
3. San Miguel Corporation: 9%
4. Metro Pacific Investments Corporation: 7%
5. Aboitiz Equity Ventures: 6%
6. LT Group: 5%
7. Alliance Global Group: 4%
8. DMCI Holdings: 3%
9. GT Capital Holdings: 3%
10. Filinvest Development Corporation: 2%

Moat of SM Investments Corporation:

SM Investments Corporation has a significant moat composed of several factors. Firstly, the company has a strong presence in retail, real estate, and banking, leading to a diversification of revenue sources. This diversification protects the company from market fluctuations in a single sector.

Secondly, SM benefits from strong brand recognition and an extensive distribution network, especially through its shopping centers, ensuring high customer loyalty and recurring revenues. These factors contribute to a stable and sustainable competitive advantage.

Compared to its competitors, SM Investments Corporation has one of the strongest moats, as it operates not only in multiple profitable sectors but also achieves significant economies of scale due to its size and market leadership. While companies like Ayala Corporation are also diversified, SM is particularly well-positioned due to its dominant position in retail and real estate.

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) Market Share in Retail: 30% (2024)

SM Investments Corporation recorded a revenue growth of 10% in 2024, attributed to strong performance in the retail and real estate sectors. Profit growth was at 8%, indicating efficient cost management and source diversification.

The company holds a significant market share of 30% in the Philippine retail sector, highlighting its dominant position in the industry. This market position allows SM Investments to disproportionately benefit from economic recoveries and increases in consumer spending.

Additionally, the company has been consistently investing in its real estate and banking divisions in recent years, leading to further diversification and revenue stability. These strategic investments could contribute to further improving the financial performance in the long term.

Overall, the strong market position, solid revenue and profit growth, and strategic diversification suggest that SM Investments Corporation could be an attractive investment for long-term oriented investors.

Dividend Yield: 1.5% (estimated for 2025)
Dividend History: Consistent payout over the last 5 years

SM Investments Corporation has regularly distributed dividends to its shareholders in recent years. The dividend yield has typically ranged between 1% and 2% in recent years, which can be considered moderate compared to other companies in the industry.

The reliability of dividend payment is supported by the company's stable financial performance. SM Investments Corporation has a diversified business structure that allows it to generate stable earnings even in economically challenging times. This contributes to the company's ability to continuously pay dividends.