Ramon Ang’s Eagle Cement, Edward Lee’s COL, Walter Villanueva’s Crown Chemicals are among Asia’s best companies under $1B

Three Philippine companies are among the best-performing publicly-listed stocks in the Asia-Pacific region.

The local firms who landed on Forbes’ Best Under a Billion in 2022 are Eagle Cement of ultra bilyonaryo Ramon S. Ang, COL Financial Group of bilyonaryo broker Edward Lee, and pipe-maker Crown Asia Chemicals of businessman Walter H. Villanueva.

Forbes selected only from 200 20,000 publicly-traded firms in the region with annual sales of between P$10 million and below $1 billion.

Eagle Cement, COL, and Crown Chemicals were chosen due to their long-term sustainable performance across a variety of metrics such as debt, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity.

Eagle Cement’s revenues jumped 54 percent year on year to P21.4 billion in 2021 while profits climbed 66 percent to P6 billion during the same period.

COL’s sales rose 22 percent year on year to P1.3 billion with profits surging 38 percent to P583 million in the same period.

Crown Chemicals sales grew 56 percent year on year to P1,74 billion with profits rising 85 percent to P224 million.

Forbes gave negative scores to firms with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles. State-owned and subsidiaries of larger companies were disqualified.