Believe it or not! The money you’re holding right now will surely go to the largest companies in the Philippines. It might not be in a direct way. Like a food chain, the biggest and last consumer will get the food and energy from the chain of the previous consumers.
I describe these companies as GIANT MACHINES of capitalism. They produce products and services to meet the needs of the growing market demand and make more money!
The companies listed below are ranked according to their market capitalization (market cap). What’s market cap? It’s calculated by multiplying the total outstanding shares by the current market price of each share: (Total outstanding Shares x Share Price = Market Cap).
It’s very important to determine the market cap of the a company because it reflects the company’s market value. Investors are willing to pay for company’s stocks with growing market cap. The higher the company’s market cap, the greater the growth potential.
Here’s the Top 20 largest companies in the Philippines (2018) that produce tremendous wealth in the country.
SM Investments Corporation
Market Capitalization: Php 1.16 trillion
Cited as the richest man in the Philippines, Henry Sy, Sr. founded this company in 1958. Its interests are in shopping mall development and management, retail, real estate, banking and tourism. It becomes one of the largest conglomerates in the Philippines.
Its subsidiaries includes SM Prime Holdings, BDO, China Banking Corporation (ChianBank), SM Development Corporation (SMDC), Highlands Prime, Inc., Mall of Asia Complex, OnE-com Center, Mall of Asia Arena, Hamilo Coast, Atlas Consolidated Mining and Development Corporation, SM Hotels and Conventions, SMX Convention Center, Belle Corporation, SM Foundation, etc.
SM Prime Holdings
Market Capitalization: Php 1.05 trillion
Another Henry Sy’s company founded also in 1958. It’s the biggest shopping mall and retail chain operator in the country. It operates over 2,300 stores nationwide. That includes 63 mall, 48 SM Department Stores, 48 SM Supermarkets, 37 SM Hypermarket and 156 SaveMore stores, 39 WalterMart stores, 210 Alfamart stores, 1,749 specialty stores, etc. Numbers are growing.
BDO Unibank, Inc.
Market Capitalization: Php 669 billion
It’s the largest bank in the Philippines founded in 1968 as Acme and later renamed as BDO in 1976. It operates as a full-service universal bank that serves the retail and corporate markets including lending, deposit-taking, foreign-exchange, brokering, trust and investments, credit cards, corporate cash management and remittances.
It has over 1,000 branches nationwide. Unlike Landbank which has only 376 plus branches.
Market Capitalization: Php 641 billion
A holding company with its start-up company founded in 1834 as Casa Roxas, a partnership between Domingo Roxas and Antonio de Ayala. It’s known as the oldest conglomerate in the Philippines.
It has interests in retail, real estate, education, banking, water infrastructure, renewable energy, automotive, electronics, telecommunications, information technology, healthcare and business process outsourcing.
It owns Ayala Land Inc. Bank of the Philippine Islands (BPI), Globe Telecom, Inc. (Globe), Manila Water Company Inc., AG Holdings, Ltd., Portico Land Corp., Roxas Land Corp., Regent Wise Investment Limited, Ortigas & Company Limited Partnership, Trident Infrastructure and Development Corporation, AC Industrial Technology Holding Inc. (AC Industrials), Ayala-GT Capital, Ayala Healthcare Holdings, Inc., Ayala Education Inc., Zalora Philippines, The Insular Life Assurance Co., Ltd., Ayala Foundation, etc.
Ayala Land, Inc.
Market Capitalization: Php 618 billion
A real estate company founded in 1988. Its main business are in real estate management, residential development, shopping centers, corporate businesses, and hotels.
If you don’t know yet, they’re operating the Ayala malls, Raffles Makati hotel, Marriott hotel, Seda hotels, the popular El Nido Resorts (in Palawan). They also owned the following residential properties: the Ayala Premier, Alveo, Avida, Amaia, BellaVita residential, etc. They also operate the following commercial estates: Makati Central Business District, City Gate, McKinley Exchange, Circuit Makati, South Park District, Alabang and Madrigal Business Park, Altaraza Town Center, Centrio, Vermosa, Capitol Central, etc.
JG Summit Holdings, Inc.
Market Capitalization: Php 474 billion
A holding company established in 1957. The famous John Gokongwei Jr. founded it. He became one of the richest men in the Philippines.
It has interests in real estate development, food manufacturing, retail and shopping malls, banking, hotels, petrochemicals, power generation, air transportation, publishing and telecommunications.
Its businesses are mainly focused on serving the growing middle class. Their companies include Universal Robina Corporation, Robinsons Retail Holdings (includes Robinsons Departments Stores, Robinsons Supermarket, etc.), Cebu Pacific (airline), JG Summit Petrochemical Corporation, JG Summit Oleofins Corporation, Robinsons Bank Corporation.
It owns 12% of PLDT and 29.6% of MERALCO.
Bank of the Philippine Islands (BPI)
Market Capitalization: Php 467 billion
Founded in 1851, BPI is known as the oldest bank in the Philippines. It’s under the parent company Ayala Corporation.
It’s the 2nd largest bank in the Philippines in terms of market cap and the 4th largest bank in terms of assets.
Aboitiz Equity Ventures, Inc.
Market Capitalization: Php 427 billion
A holding company established in 1989. With interests in food, power, banking/financial services, land, construction, shipbuilding and infrastructure.
Their companies include:
- Union Bank of the Philippines
- CitySavings Bank
- Pilmico Foods Corporation – agribusiness and food company
- Aboitiz InfraCapital
- The Republic Cement Group – the 2nd largest producer of cement in the Philippines. It produces 7 million tons of cement annually.
- APO Agua Infrastructura
- Aboitiz Power Corporation which owns Davao Light and Power Company
- Aboitiz Land Inc.
Manila Electric Company (MERALCO)
Market Capitalization: Php 371 billion
Established in 1895 and known as the largest distributor of electric power in the Philippines. It powers the whole National Capital Region (NCR) and the Metro Manila.
San Miguel Corporation
Market Capitalization: Php 344 billion
A holding company founded in 1890 with interests in food, beverage, packaging services, oil, fuel, power, and infrastructure.
If you know San Miguel beer, it’s their flagship product, And the Red horse beer, they also produce that. San Miguel beer became the Philippines best-selling beer and among the top ten selling beer brands in the world.
It also owns the largest oil company in the Philippine, the Petron Corporation. Petron supplies more than 1/3 of the country’s oil requirements.
Market Capitalization: Php 337 billion
The largest telecommunication company in the Philippines which is founded in 1928. It owns Smart, TNT and Sun Cellular.
It also owns MediaQuest Holdings, Inc., Nation Broadcasting Corporation, TV5 Network, Primedia Inc. etc.
Universal Robina Corporation
Market Capitalization: Php 330 billion
It’s one of the largest food and beverage companies in the Philippines founded in 1954. Known for its popular food brands: “Jack ‘n Jill” snack foods, “C2” ready to drink tea and “Great Taste” coffee.
It mainly engages in producing flour, cornstarch and sugar.
It also engages in agribusiness such as manufacturing of farm products, animal feeds, veterinary medicines, and other related products.
Jollibee Foods Corporation
Market Capitalization: Php 320 billion
Established in 1978 and known to be the largest fast-food chain in the Philippines.
Its core product is fried chicken, branded as Chickenjoy. Most kids and even adults love it. It has over 2000 stores nationwide.
Metropolitan Bank & Trust Co. (Metrobank)
Market Capitalization: Php 307 billion
Established in 1962, Metrobank is the second largest bank in the Philippines with over 900 branches and 2,000 plus ATMs.
Aboitiz Power Corporation
Market Capitalization: Php 292 billion
Made its roots in 1905 but incorporated as AboitizPower in 1998. As a holding company, it holds interests in power generation and distribution as well as retail electricity and othe related services.
It’s the largest power utility company in Visayas.
GT Capital Holdings, Inc.
Market Capitalization: Php 255 billion
Incorporated on July 26, 2007 as a holding company of George Ty’s family, GT Capital Holdings (GTCAP) invests in diversified businesses such as banking, property development, automotive assembly, importation, distribution, distribution, dealership and financing; life and non-life insurance; and infrastructure and utilities.
Its subsidiaries include Federal Land Inc, Property Company of Friends, Toyota Motor Philippines Corporation, GT Capital Auto Dealership Holdings, Inc.
While its sister companies include Metrobank, Philippine Axa, Metro Pacific Investments Corporation and Toyota Financial Services Philippines Corporation.
Globe Telecom, Inc.
Market Capitalization: Php 233 billion
Like PLDT, it’s also a telecom company. It’s the second largest mobile network company in the Philippines. In 2017, it has over 60 million mobile subscribers.
International Container Terminal Services
Market Capitalization: Php 222 billion
Incorporated in 1987, it is cited as one of the top five major maritime terminal operators in the world.
One of the richest men in the Philippines, Enrique Razon established this company. His family has been managing ports/terminals in the Philippines for 3 generations.
LT Group, Inc.
Market Capitalization: Php 213 billion
One of known richest men in the Philippines, Lucio Tan and family established this holding company in 1937 and incorporated under the name of LT Grou in 1999.
It holds interest in distilled spirits, beverages, tobacco, property development, and banking.
Its subsidiaries include Tanduay Distillers, Inc. Asia Brewery, Inc., Fortune Tobacco Corporation, Philippine National Bank (PNB), Saturn Holdings, Inc., Paramount Landequities, Inc., and Elton Properties Philippines, Inc.
Golden Bria Holdings, Inc. (formerly Golden Haven)
Market Capitalization: Php 207 billion
Established in 1982, this company engages in the development and sale of memorial lots in different parts of the Philippines. It also constructs and operates columbarium facilities.
In September 2017 it widens its business interest. Its business purpose was amended to real estate in order to engage in real estate….
These companies are also the Most Valuable Companies in the Philippines.
Heny Sy’s companies; the SM Investments Corp., SM Prime Holdings, and BDO altogether rise at the top.
Astonishingly, the biggest wealth in the Philippines are on the hands of Henry Sy family. It’s not surprising that Henry Sy became the richest man in the Philippines. The makes his family the wealthiest in the country (Philippines).