Company Valuation: Megaworld Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,350 62,972 61,431 66,744 67,589 68,751 - -
Change - -37.25% -2.45% 8.65% 1.27% 1.72% - -
Enterprise Value (EV) 1 150,439 62,972 139,211 155,366 150,240 147,291 152,215 167,660
Change - -58.14% 121.07% 11.6% -3.3% -1.96% 3.34% 10.15%
P/E 7.48x 4.65x 3.52x 3.47x 3.22x 3.21x 3.05x 3.05x
PBR 0.52x - 0.27x 0.27x 0.25x 0.24x 0.22x 0.21x
PEG - 2.18x 0.1x 0.65x 0.35x 1.36x 0.58x 18.6x
Capitalization / Revenue 1.98x 1.06x 0.88x 0.88x 0.85x 0.85x 0.83x 0.82x
EV / Revenue 2.96x 1.06x 2x 2.05x 1.9x 1.82x 1.84x 2.01x
EV / EBITDA 6.43x 2.23x 5.13x 4.97x 4.46x 4.18x 4.14x 4.51x
EV / EBIT 7.55x 2.53x 5.96x 5.63x 5.01x 4.78x 4.74x 5.16x
EV / FCF 29.5x - -18.8x -45.5x 17.4x -48.9x -99.5x -228x
FCF Yield 3.39% - -5.31% -2.2% 5.75% -2.05% -1.01% -0.44%
Dividend per Share 2 0.0615 - 0.07 0.08 0.09 0.1016 0.102 0.1184
Rate of return 1.95% - 3.55% 3.9% 4.33% 4.79% 4.81% 5.58%
EPS 2 0.421 0.43 0.56 0.59 0.645 0.6602 0.695 0.6962
Distribution rate 14.6% - 12.5% 13.6% 14% 15.4% 14.7% 17%
Net sales 1 50,754 59,527 69,728 75,774 79,115 81,067 82,814 83,578
EBITDA 1 23,396 28,205 27,113 31,247 33,720 35,235 36,742 37,140
EBIT 1 19,928 24,925 23,363 27,592 30,012 30,810 32,107 32,520
Net income 1 13,434 13,455 17,345 18,749 21,003 21,420 22,559 22,577
Net Debt 1 50,089 - 77,780 88,622 82,652 78,539 83,463 98,909
Reference price 2 3.150 2.000 1.970 2.050 2.080 2.120 2.120 2.120
Nbr of stocks (in thousands) 31,857,071 31,486,072 31,183,252 32,558,252 32,494,616 32,429,883 - -
Announcement Date 3/9/22 A 3/1/23 A 2/28/24 A 2/26/25 A 2/26/26 A - - -
1PHP in Million2PHP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
3.2x1.81x4.17x4.82% 1.11B
15.78x4.97x13.37x3.21% 44.9B
20.45x4.21x17.18x1.22% 30.13B
8.47x1.48x7.57x4.16% 29.81B
5.69x0.63x1.31x8.85% 27.19B
14.69x3.15x15.08x2.39% 26.11B
9.19x2.37x7.3x3.8% 21.66B
15.17x6.87x18.36x1.4% 21.34B
10.27x1.65x14.29x3.68% 18.7B
Average 11.43x 3.02x 10.96x 3.73% 24.55B
Weighted average by Cap. 12.82x 3.28x 11.74x 3.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Megaworld Corporation