The Philippines is home to an impressive array of public companies with a combined market capitalization of ~300 billion dollars.
Friends, in this article you’ll learn about the top 10 billion-dollar companies in the Philippines, how they made a billion-dollar fortune, their subsidiaries (if any), their founders, and how you can take advantage of this data.
What are the Top 10 Billion Dollar Companies in the Philippines?
Here are the top 10 billion-dollar companies in the Philippines in terms of market cap as of Mar 15, 2023. Source: Philippine Stock Exchange
- Manulife Financial Corporation
- Sun Life Financial Inc.
- SM Investments Corporation
- SM Prime Holdings, Inc.
- BDO Unibank, Inc.
- Golden MV Holdings, Inc.
- Bank of the Philippine Islands
- International Container Terminal Services, Inc.
- Ayala Land, Inc.
- JG Summit Holdings, Inc.
1. Manulife Financial Corporation ($35 Billion)
- Stock symbol: MFC
- Sector: Financials
- Stock price: ₱1,050 per share
- Reports: Annual Report 2021, Annual Report 2020
- Headquarters: 10th Floor NEX Tower, 6786 Ayala Avenue, Makati, 1229
Manulife Financial Corporation is one of the largest insurance and financial services companies in Canada, with a strong presence in Asia and North America.
The company has been operating in the Philippines for over 100 years and is known for its innovative products and services that cater to the evolving needs of its customers.
2. Sun Life Financial Inc. ($27 Billion)
- Stock symbol: SLF
- Sector: Financials
- Stock price: ₱2,538 per share
- Reports: Financial Reports
- Headquarters: 2/F Sun Life Centre, 5th Avenue corner Rizal Drive, Bonifacio Global City, Taguig City 1634
Sun Life Financial Inc. is a leading Canadian financial services company that provides a wide range of insurance, wealth management, and investment solutions to individuals and businesses in Canada, the United States, Asia, and other international markets.
In the Philippines, Sun Life Financial Inc. is one of the top 10 billion-dollar companies with over 5 million clients across its life insurance, health insurance, and mutual fund offerings.
Related post: Top Mutual Fund Companies in the Philippines
3. SM Investments Corporation ($19 Billion)
- Stock symbol: SM
- Sector: Holding Firms
- Stock price: ₱874 per share
- Reports: Financial Reports
- Headquarters: 10th Floor, One E-Com Center, Harbor Drive Mall of Asia Complex, CBP-IA, Pasay City
SM Investments Corporation (SMIC) is one of the top 10 billion-dollar companies in the Philippines. It is a conglomerate that operates businesses in retail, property development, banking, and equity investments. The company was founded by Henry Sy Sr., who started out as a shoe salesman before building his empire.
4. SM Prime Holdings, Inc. ($17 Billion)
- Stock symbol: SMPH
- Sector: Property
- Stock price: ₱34.05 per share
- Reports: Financial Reports, Annual Reports
- Headquarters: 10/F Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Boulevard, Mall of Asia Complex, 1300 Pasay City
SM Prime Holdings, Inc. is the largest property developer in the Philippines in terms of market capitalization. It has a diverse portfolio of assets that includes malls, residential developments, offices, hotels, and convention centers.
5. BDO Unibank, Inc. ($12 Billion)
- Stock symbol: BDO
- Sector: Financials
- Stock price: ₱124.3 per share
- Reports: Annual Reports, Financial Reports
- Headquarters: 7899 Makati Avenue, Makati City
BDO Unibank, Inc. is the largest bank in the Philippines in terms of assets, loans, and deposits. As of 2022, it has a total asset size of Php 3.7 trillion ($67 billion) and a net income of Php 17 billion ($300 million).
BDO Unibank was established in 1968 as Acme Savings Bank and has since then grown through mergers and acquisitions.
6. Golden MV Holdings, Inc. ($9 Billion)
- Stock symbol: HVN
- Sector: Property
- Stock price: ₱755 per share
- Reports: Annual Reports
- Headquarters: 2/F Golden Haven Bldg., Villar SIPAG Complex, C-5 Extension, Las Piñas City
Golden MV Holdings, Inc. is involved in the development and sale of memorial lots across various parts of the Philippines. It was founded by former Senate President Manuel B. Villar, Jr. in 1984.
The company develops memorial parks and sells lawn lots that range from ₱80,000 to ₱1,950,000, garden lots, family estates, and patios. Aside from memorial lots, Golden MV Holdings also provides memorial services such as burial and cremation.
7. Bank of the Philippines Islands ($8.5 Billion)
- Stock symbol: BPI
- Sector: Financials
- Stock price: ₱104.3 per share
- Reports: Financial Statements, Annual Reports
- Headquarters: 6768 Ayala Ave, Legazpi Village, Makati City 1226
Bank of the Philippine Islands (BPI) is one of the top 10 billion-dollar companies in the Philippines, and it’s no surprise why.
Established in 1851, BPI experienced significant growth over the years and expanded its services to become a well-established financial institution that caters to both individuals and corporations.
8. International Container Terminal Services, Inc. ($7.3 Billion)
- Stock symbol: ICT
- Sector: Services
- Stock price: ₱197.7 per share
- Reports: Annual Reports, Financial Highlights
- Headquarters: Manila, Philippines
International Container Terminal Services, Inc. (ICTSI) is a global port management company that operates and manages container terminals in different parts of the world.
ICTSI boasts itself as the largest, independent terminal operator across 6 continents. Founded in 1987 in Manila, Philippines, ICTSI has since expanded its operations to various countries including Africa, Asia, Europe, and the Americas. They have 34 terminals in 20 countries worldwide.
9. Ayala Land, Inc. ($7.2 Billion)
- Stock symbol: ALI
- Sector: Property
- Stock price: ₱26.5 per share
- Reports: Financial Statements, Annual Reports
- Headquarters: Makati City, Philippines
Ayala Land, Inc. is a real estate giant that specializes in developing and managing properties such as commercial spaces, residential buildings, and hotels.
It has been one of the top billion-dollar companies in the Philippines for several years now due to its impressive portfolio of successful projects across the country.
10. JG Summit Holdings, Inc. ($7 Billion)
- Stock symbol: JGS
- Sector: Holding Firms
- Stock price: ₱51 per share
- Reports: Annual Reports, Financial Reports
- Headquarters: 43/F Robinsons Equitable Tower ADB Avenue cor P Poveda St., Ortigas Center, Pasig City Metro Manila
JG Summit Holdings, Inc., founded by the late industrialist John Gokongwei Jr., is a conglomerate with interests in various industries, including food and beverage, real estate, petrochemicals, and airlines.
The company’s subsidiaries include Universal Robina Corporation (URC), one of the largest food and beverage companies in the Philippines; Robinsons Land Corporation (RLC), a leading property developer in the country; and Cebu Pacific Air (CEB), the largest low-cost carrier in the Philippines.
Frequently Asked Questions
What is a public company?
A public company, also known as a publicly-traded or publicly-listed company, is a corporation that has issued shares of stocks to the public through an initial public offering (IPO). By doing so, the company is able to raise capital and expand its operations. These stocks are traded on stock exchanges, such as the Philippine Stock Exchange (PSE), where investors can buy and sell shares in the company.
What is a private company?
A private company is a business that is owned by an individual, group of individuals, or non-governmental organization. Unlike public companies, private companies are not listed on the stock exchange and do not offer shares to the public. This means that only a limited number of people can own equity in the company.
What is a market cap?
Market capitalization, or market cap for short, is a financial metric used to measure the size and value of a publicly traded company. It refers to the total value of all outstanding shares of a company’s stock. In other words, it is the number of outstanding shares multiplied by the current market price per share.
How can I buy a share of these public companies in the Philippines?
You can buy into these companies by investing in the Philippine stock market.
How to invest in Philippine stocks?
To invest in Philippine stocks, you must open a brokerage account with a licensed broker. I created a simple guide to investing in stocks. You can also refer to my other post on how to invest profitably in the stock market.
So how exactly do you buy and profit from the businesses of these corporations?
One way to buy and profit from the businesses of these corporations is through investing in their stocks. By purchasing shares of these billion-dollar companies, you become a part owner and have the potential to earn profits when the company performs well and stock prices appreciate in value.
Final Thoughts
Investing in the stock market is a great way to make money for your future. There are several billion-dollar companies in the Philippines that you can invest in and reap the rewards of long-term investments. This is an excellent opportunity to diversify your portfolio and increase your capital over time.
