- 4Q 2024 Performance: SM Prime reported a net income of 11.8 billion pesos for the fourth quarter of 2024, marking a 19% increase compared to the previous year.
- 4Q Revenue Growth: The company’s revenue for the fourth quarter reached 40.6 billion pesos, a 14% year-over-year increase.
- Record Annual Results: For the year 2024, SM Prime achieved its highest ever consolidated net income of 45.6 billion pesos, surpassing the estimated 44.91 billion pesos.
- Annual Revenue Exceeds Expectations: Total revenue for 2024 was 140.4 billion pesos, above the projected 137.87 billion pesos.
- Revenue Drivers: The significant income increase was driven by higher rental income, real estate sales, and revenues from services and experiential offerings.
- Revenue Breakdown: Malls contributed 55% of total revenues, residences 34%, hotels and convention centers 6%, and offices and warehouses 5%.
- Future Developments: SM Prime President Jeffrey Lim mentioned key projects in development expected to benefit from the current positive momentum.
- Boost from Holidays and New Ventures: Strong holiday spending, along with the opening of two new malls, increased real estate sales, and successful film releases, contributed to the strong fourth quarter results.
- Market Reaction: Despite strong results, shares fell by 4.3% to 22.00 pesos with 8.85 million shares traded.
- Investor Sentiment: The stock had 20 buy ratings, 1 hold, and 1 sell at the time of the report.
A look at Sm Prime Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SM Prime Holdings Inc., known for its diverse portfolio in residential property, shopping malls, offices, hotels, and convention centers development, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong Growth score of 4, the company is positioned well for expansion and future profitability. This indicates a positive trajectory in terms of business development and potential market value appreciation.
Although SM Prime Holdings received lower scores in areas such as Dividend, Resilience, and Momentum, its overall Value score of 3 suggests that the company may still offer solid investment opportunities. Investors considering SM Prime Holdings should weigh the strong Growth score against the lower scores in the other areas to make informed investment decisions for the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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