DMCI Holdings, Inc.

PSE:DMC Stock Report

Market Cap: ₱138.4b

DMCI Holdings Valuation

Is DMC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DMC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DMC (₱10.22) is trading below our estimate of fair value (₱23.26)

Significantly Below Fair Value: DMC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DMC?

Key metric: As DMC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DMC. This is calculated by dividing DMC's market cap by their current earnings.
What is DMC's PE Ratio?
PE Ratio6.7x
Earnings₱20.30b
Market Cap₱138.35b

Price to Earnings Ratio vs Peers

How does DMC's PE Ratio compare to its peers?

The above table shows the PE ratio for DMC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.1x
LTG LT Group
4.3x-4.5%₱111.8b
GTCAP GT Capital Holdings
5.3x11.1%₱142.9b
AEV Aboitiz Equity Ventures
7.6x16.9%₱184.7b
JGS JG Summit Holdings
7.1x17.3%₱165.8b
DMC DMCI Holdings
6.7x0.05%₱135.7b

Price-To-Earnings vs Peers: DMC is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (6.1x).

Price to Earnings Ratio vs Industry

How does DMC's PE Ratio compare vs other companies in the Asian Industrials Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DMC 6.7xIndustry Avg. 13.3xNo. of Companies17PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DMC is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Asian Industrials industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is DMC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DMC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio5.8x

Price-To-Earnings vs Fair Ratio: DMC is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (5.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DMC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₱10.22
₱13.04
+27.6%
12.9%₱15.40₱11.61n/a3
Nov ’25₱11.20
₱13.04
+16.4%
12.9%₱15.40₱11.61n/a3
Oct ’25₱11.50
₱13.04
+13.4%
12.9%₱15.40₱11.61n/a3
Sep ’25₱11.70
₱13.04
+11.4%
12.9%₱15.40₱11.61n/a3
Aug ’25₱11.48
₱13.04
+13.6%
12.9%₱15.40₱11.61n/a3
Jul ’25₱11.10
₱12.83
+15.6%
14.6%₱15.40₱11.00n/a3
Jun ’25₱11.90
₱12.83
+7.8%
14.6%₱15.40₱11.00n/a3
May ’25₱11.08
₱12.83
+15.8%
14.6%₱15.40₱11.00n/a3
Apr ’25₱12.20
₱12.83
+5.2%
14.6%₱15.40₱11.00n/a3
Mar ’25₱11.24
₱11.55
+2.8%
4.8%₱12.10₱11.00n/a2
Jan ’25₱9.77
₱11.05
+13.1%
0.4%₱11.09₱11.00n/a2
Dec ’24₱9.28
₱12.35
+33.1%
13.8%₱15.20₱11.00n/a4
Nov ’24₱9.17
₱12.12
+32.1%
15.9%₱15.20₱10.07₱11.204
Oct ’24₱10.42
₱12.12
+16.3%
15.9%₱15.20₱10.07₱11.504
Sep ’24₱9.88
₱11.51
+16.5%
18.0%₱15.20₱9.21₱11.705
Aug ’24₱9.54
₱11.51
+20.7%
18.0%₱15.20₱9.21₱11.485
Jul ’24₱9.06
₱11.62
+28.3%
19.8%₱15.20₱9.21₱11.104
Jun ’24₱9.60
₱11.55
+20.3%
19.7%₱15.20₱9.21₱11.904
May ’24₱9.81
₱11.39
+16.1%
17.7%₱14.55₱9.21₱11.084
Apr ’24₱11.50
₱11.54
+0.3%
17.5%₱14.55₱9.30₱12.204
Mar ’24₱10.70
₱11.87
+10.9%
15.9%₱14.60₱9.30₱11.244
Feb ’24₱11.80
₱11.87
+0.6%
15.9%₱14.60₱9.30₱10.744
Jan ’24₱12.00
₱11.87
-1.1%
15.9%₱14.60₱9.30₱9.774
Dec ’23₱9.75
₱11.66
+19.6%
16.9%₱14.60₱9.30₱9.284
Nov ’23₱9.49
₱11.57
+21.9%
15.0%₱13.85₱9.30₱9.174

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Megawide Construction

₱5.0b

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

MWIDE

₱2.47

7D

-3.5%

1Y

-20.3%

Alliance Global Group

₱78.5b

Engages in real estate development, tourism-entertainment and gaming, food and beverage, quick-service restaurant, and integrated tourism and infrastructure development businesses in the Philippines and internationally.

AGI

₱8.80

7D

1.1%

1Y

-14.7%

LT Group

₱111.8b

Engages in banking, distilled spirits, beverages, tobacco, property development, and other businesses in the Philippines and internationally.

LTG

₱10.34

7D

3.5%

1Y

15.7%