SBS Philippines Valuation

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

SBS (₱3.34) is trading below our estimate of [[fair value]] (₱10.07)

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

Below Fair Value: SBS (₱3.34) is trading below our estimate of fair value (₱10.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SBS. This is calculated by dividing SBS's market cap by their current earnings.
What is SBS's PE Ratio?
PE Ratio	128.1x
Earnings	₱40.41m
Market Cap	₱5.18b

SBS 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	6.5x
Enterprise Value/EBITDA	36.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SBS 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	17.7x
LMG LMG	6.5x	n/a	₱309.7m
MWIDE Megawide Construction	53.1x	n/a	₱5.1b
CIC Concepcion Industrial	8.4x	n/a	₱5.5b
HI House of Investments	2.9x	n/a	₱5.1b
SBS SBS Philippines	128.1x	n/a	₱5.2b

Price-To-Earnings vs Peers: SBS is expensive based on its Price-To-Earnings Ratio (128.1x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does SBS's PE Ratio compare vs other companies in the Asian Trade Distributors Industry?

26 Companies	Price / Earnings	Estimated Growth	Market Cap

26 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SBS is expensive based on its Price-To-Earnings Ratio (128.1x) compared to the Asian Trade Distributors industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is SBS'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.

SBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	128.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SBS'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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