Megawide Construction Valuation

Q: What is the Fair Price of MWP4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MWP4 (₱94.5) is trading below our estimate of [[fair value]] (₱338.3)

Is MWP4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 MWP4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MWP4 (₱94.5) is trading below our estimate of fair value (₱338.3)

Significantly Below Fair Value: MWP4 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MWP4?

Key metric: As MWP4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MWP4. This is calculated by dividing MWP4's market cap by their current earnings.
What is MWP4's PE Ratio?
PE Ratio	53.1x
Earnings	₱95.87m
Market Cap	₱5.09b

MWP4 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	13.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MWP4's PE Ratio compare to its peers?

The above table shows the PE ratio for MWP4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	39.2x
HI House of Investments	2.9x	n/a	₱5.1b
EEI EEI	17.3x	n/a	₱3.8b
CIC Concepcion Industrial	8.4x	n/a	₱5.5b
SBS SBS Philippines	128.1x	n/a	₱5.2b
MWP4 Megawide Construction	53.1x	n/a	₱5.1b

Price-To-Earnings vs Peers: MWP4 is expensive based on its Price-To-Earnings Ratio (53.1x) compared to the peer average (39.2x).

Price to Earnings Ratio vs Industry

How does MWP4's PE Ratio compare vs other companies in the Asian Construction Industry?

26 Companies	Price / Earnings	Estimated Growth	Market Cap

26 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MWP4 is expensive based on its Price-To-Earnings Ratio (53.1x) compared to the Asian Construction industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is MWP4'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.

MWP4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	53.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MWP4's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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