- SM Investments reported a net income of 21.8 billion pesos for the second quarter of 2024.
- Second-quarter revenue came in at 157.7 billion pesos.
- For the first half of 2024, net income totaled 40.2 billion pesos, marking a 10% year-over-year increase.
- First-half revenue was 301.4 billion pesos, up 5.1% from the previous year.
- The company attributed improved discretionary spending in the second quarter to a boost in retail sales.
- Breakdown of total net earnings:
- Banking: 50%
- Property: 27%
- Retail: 14%
- Portfolio Investments: 9%
- Analyst recommendations are strong, with 10 buys, 3 holds, and no sells.
A look at SM Investments Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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 Investments Corporation, an investment holding company with a focus on retail business, shopping mall development, real estate properties, and tourism services, has received a mix of Smart Karma scores in different key areas. While the company scores moderately on value and dividend factors, it shines in terms of growth potential. With a growth score of 5, SM Investments showcases promising prospects for expansion and increasing market share. Additionally, the company demonstrates decent resilience and momentum in its operations, scoring a 3 in both these aspects. This diversified mix of scores indicates a positive long-term outlook for SM Investments, particularly fueled by its strong growth potential.
In summary, SM Investments Corporation is positioned well for the future, backed by its solid performance across various Smart Karma factors. While the company may have room for improvement in terms of value and dividend scores, its exceptional growth potential, coupled with decent resilience and momentum, sets a strong foundation for sustained success in the long run. Investors looking for a company with promising growth prospects may find SM Investments an attractive long-term investment opportunity based on its Smart Karma scores.
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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