Puregold Price Club Valuation

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

PGOLD (₱30.4) is trading below our estimate of [[fair value]] (₱50.82)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: PGOLD (₱30.4) is trading below our estimate of fair value (₱50.82)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PGOLD. This is calculated by dividing PGOLD's market cap by their current earnings.
What is PGOLD's PE Ratio?
PE Ratio	9.8x
Earnings	₱8.89b
Market Cap	₱86.54b

PGOLD 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	0.5x
Enterprise Value/EBITDA	6.4x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PGOLD 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	11.8x
RRHI Robinsons Retail Holdings	5.6x	-11.3%	₱52.3b
SEVN Philippine Seven	27.9x	17.4%	₱105.7b
COSCO Cosco Capital	4.7x	12.3%	₱37.4b
KEEPR Keepers Holdings	9x	n/a	₱29.6b
PGOLD Puregold Price Club	9.8x	12.3%	₱87.1b

Price-To-Earnings vs Peers: PGOLD is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

How does PGOLD's PE Ratio compare vs other companies in the Asian Consumer Retailing Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PGOLD is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Asian Consumer Retailing industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is PGOLD'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.

PGOLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.8x
Fair PE Ratio	11.5x

Price-To-Earnings vs Fair Ratio: PGOLD is good value based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

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 PGOLD forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₱30.40	₱41.43 +36.3%	21.2%	₱53.40	₱28.50	n/a	8
Nov ’25	₱32.60	₱41.43 +27.1%	21.2%	₱53.40	₱28.50	n/a	8
Oct ’25	₱31.55	₱41.43 +31.3%	21.2%	₱53.40	₱28.50	n/a	8
Sep ’25	₱27.75	₱39.96 +44.0%	25.6%	₱53.40	₱27.00	n/a	8
Aug ’25	₱26.30	₱39.63 +50.7%	24.9%	₱53.40	₱27.00	n/a	9
Jul ’25	₱24.20	₱40.81 +68.6%	24.3%	₱53.40	₱27.00	n/a	9
Jun ’25	₱25.20	₱41.39 +64.2%	22.6%	₱53.40	₱27.00	n/a	9
May ’25	₱23.70	₱41.55 +75.3%	20.3%	₱53.40	₱28.00	n/a	10
Apr ’25	₱26.70	₱41.27 +54.6%	18.7%	₱53.40	₱31.00	n/a	9
Mar ’25	₱27.50	₱41.27 +50.1%	18.7%	₱53.40	₱31.00	n/a	9
Feb ’25	₱27.65	₱41.27 +49.3%	18.7%	₱53.40	₱31.00	n/a	9
Jan ’25	₱26.90	₱41.81 +55.4%	18.8%	₱54.00	₱31.00	n/a	9
Dec ’24	₱27.45	₱43.20 +57.4%	19.8%	₱55.70	₱31.00	n/a	10
Nov ’24	₱27.10	₱43.26 +59.6%	19.8%	₱55.70	₱31.00	₱32.60	10
Oct ’24	₱28.90	₱43.36 +50.0%	19.5%	₱55.70	₱31.00	₱31.55	10
Sep ’24	₱27.75	₱43.81 +57.9%	17.6%	₱55.70	₱31.00	₱27.75	11
Aug ’24	₱28.00	₱44.08 +57.4%	18.4%	₱57.00	₱31.00	₱26.30	11
Jul ’24	₱29.40	₱44.45 +51.2%	17.0%	₱57.00	₱35.00	₱24.20	11
Jun ’24	₱30.25	₱45.29 +49.7%	16.2%	₱57.00	₱35.00	₱25.20	10
May ’24	₱32.60	₱45.78 +40.4%	13.8%	₱57.00	₱35.00	₱23.70	11
Apr ’24	₱31.30	₱47.36 +51.3%	11.9%	₱57.00	₱40.00	₱26.70	9
Mar ’24	₱31.05	₱47.32 +52.4%	11.3%	₱57.00	₱40.00	₱27.50	10
Feb ’24	₱34.00	₱47.32 +39.2%	11.3%	₱57.00	₱40.00	₱27.65	10
Jan ’24	₱34.90	₱47.92 +37.3%	9.1%	₱57.00	₱40.00	₱26.90	12
Dec ’23	₱33.00	₱47.35 +43.5%	10.7%	₱57.00	₱38.50	₱27.45	12
Nov ’23	₱30.00	₱47.19 +57.3%	11.3%	₱57.00	₱38.00	₱27.10	12

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.