Bilyonaryo - Business

Find out the bilyonaryo firms who are among Forbes’ 200 Best Over a Billion in Asia

August 28, 2019

Bilyonaryo.com

Eight Filipino firms were among the 200 companies in Asia-Pacific
Forbes’ maiden Best Over A Billion compilation.

The eight firms ranked according to sales are:

1) SM Investments (Sy family) – $7.993
2) San Miguel (Ramon S. Ang) – $5.438 billion
3) JG Summit (John Gokongwei) – $5.327 billion
4) Ayala Corp. (Ayala family) – $5.22 billion
5) GT Capital Holdings (Ty family)- $3.798 billion
6) Cosco Capital (Lucio Co) – $3.198 billion
7) Jollibee (Tony Tan Caktiong) – $3.061 billion
8) Megaworld (Andrew Tan) $1.022 billion

The eight were chosen among 3,200 companies with at least $1 billion
in sales in the region. Forbes weeded out companies that were
unprofitable, had declining sales in the last five years, saddled with
heavy debt, and bogged by legal and and governance issues.

Forbes explained that it goals was to compile a list of the region’s
best-run companies “that are doing well on not just one metric but
across many of them.”

Among the metrics used were a firm’s projected growth over the next
two years, operating income growth, return on capital, and average
five-year sales.

“Many have noted the positive correlation in Asia between corporate
performance and entrepreneurial involvement—after all, if your
personal fortune is linked to that of a company, there’s motivation to
ensure that company does well over the long-term,” the magazine said.

“The result? Nearly about two-thirds of the companies on this list are
controlled or connected to families or individuals who have appeared
on Forbes Asia rich lists,” it added.

Related News Tags: Asia-Pacific Forbes, Ayala Corp., Billion compilation, bilyonaryo firms, corporate performance and entrepreneurial involvement, Cosco Capital, Eight Filipino firms, GT CAPITAL Holdings, JG Summit, Jollibee, Megaworld, operating income growth, return on capital, San Miguel, SM Investments

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