Filipino Undervalued over 20% based on DCF

International Container Terminal Services

Market Cap: ₱1.4t

Acquires, develops, manages, and operates container ports and terminals for container shipping industry in Asia, Europe, the Middle East, Africa, and the Americas.

SM Investments

Market Cap: ₱771.6b

Invests in retail, banking, and property businesses in the Philippines.

BDO Unibank

Market Cap: ₱634.8b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Bank of the Philippine Islands

Market Cap: ₱536.8b

Provides various financial products and services to retail and corporate clients in the Philippines.

Aboitiz Power

Market Cap: ₱327.9b

Through its subsidiaries, engages in the power generation and distribution, and electricity retail businesses in the Philippines.

Metropolitan Bank & Trust

Market Cap: ₱283.3b

Provides various commercial and investment banking products and services in the Philippines, rest of Asia, the United States of America, and Europe.

PLDT

Market Cap: ₱276.6b

Provides telecommunications and digital services in the Philippines.

Jollibee Foods

Market Cap: ₱199.8b

Develops, operates, and franchises quick service restaurants in the Philippines and internationally.

RL Commercial REIT

Market Cap: ₱130.0b

A real estate company, invests in various real estate properties.

Century Pacific Food

Market Cap: ₱118.7b

Manufactures and sells packaged food and beverages in the Philippines, the United States, and China.

Monde Nissin

Market Cap: ₱115.4b

An investment holding company, manufactures and sells food products and beverages in the Philippines, Thailand, New Zealand, Singapore, the United Kingdom, and internationally.

Philippine National Bank

Market Cap: ₱88.0b

Provides various banking and financial products and services.

OceanaGold (Philippines)

Market Cap: ₱77.5b

Engages in the exploration, development, production, and utilization of gold, copper, silver, and other mineral resources in the Philippines.

Asia United Bank

Market Cap: ₱62.0b

Provides banking and other financial products and services to individual consumers, MSMEs, and corporations in the Philippines.

MREIT

Market Cap: ₱51.2b

Operates as a real estate investment trust.

Security Bank

Market Cap: ₱49.6b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Robinsons Retail Holdings

Market Cap: ₱49.1b

Operates as a multi-format retail company in the Philippines.

D&L Industries

Market Cap: ₱26.6b

Provides products for food ingredients, oleochemicals for personal and home care use, raw materials for plastic products, and aerosol products in the Philippines and internationally.

Wilcon Depot

Market Cap: ₱26.0b

Wilcon Depot, Inc., doing business as WILCON DEPOT and WILCON HOME ESSENTIALS, operates as a home improvement and construction supplies retailer in the Philippines.

Philippine Savings Bank

Market Cap: ₱24.0b

Primarily engages in savings and mortgage banking activities in the Philippines.

Filinvest REIT

Market Cap: ₱19.1b

A real estate investment trust, engages in the operation and maintenance of a portfolio of office buildings.

DDMP REIT

Market Cap: ₱18.7b

Operates as a real estate investment trust company in the Philippines.

STI Education Systems Holdings

Market Cap: ₱13.9b

Through its subsidiaries, provides a range of educational services in the Philippines.

Vista Land & Lifescapes

Market Cap: ₱13.6b

An investment holding company, operates as an integrated property developer and homebuilder in the Philippines.

Cebu Landmasters

Market Cap: ₱8.3b

Engages in the development, leasing, management, and sale of real estate properties in the Philippines.

MacroAsia

Market Cap: ₱8.1b

Through its subsidiaries, engages in the aviation-support businesses in the Philippines.

Centro Escolar University

Market Cap: ₱7.5b

Operates educational institutions in the Philippines.

Macay Holdings

Market Cap: ₱7.4b

An investment holding company, engages in the carbonated beverage businesses in the Philippines.

Philippine Business Bank

Market Cap: ₱5.8b

A savings bank, provides banking products and services to individual and corporate clients in the Philippines.

Megawide Construction

Market Cap: ₱5.7b

Engages in the engineering, procurement, construction (EPC), real estate development, airport operations, and land infrastructure businesses in the Philippines.

Concepcion Industrial

Market Cap: ₱5.3b

Manufactures, sells, distributes, installs, and services heating, ventilating, and air conditioning (HVAC) products and services in the Philippines.

Panasonic Manufacturing Philippines

Market Cap: ₱3.8b

Manufactures, imports, and distributes electronic, electrical, mechanical, and electro-mechanical appliances in the Philippines, Hong Kong, and Taiwan.

Philippine Racing Club

Market Cap: ₱2.7b

Engages in the acquisition, development, and sale of land and condominium units in the Philippines.

Upson International

Market Cap: ₱2.3b

Operates as a retailer of information technology products in the Philippines.

National Reinsurance Corporation of the Philippines

Market Cap: ₱1.5b

Provides life and non-life reinsurance to insurance companies in the Philippines and neighboring insurance markets.

AllDay Marts

Market Cap: ₱731.4m

Operates a chain of supermarkets in the Philippines.