Shakey's Pizza Asia Ventures Valuation

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

Below Fair Value: PIZZA (₱8.3) is trading below our estimate of fair value (₱10.27)

Significantly Below Fair Value: PIZZA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PIZZA. This is calculated by dividing PIZZA's market cap by their current earnings.
What is PIZZA's PE Ratio?
PE Ratio	13.9x
Earnings	₱1.00b
Market Cap	₱13.98b

PIZZA 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	1.4x
Enterprise Value/EBITDA	12.7x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PIZZA 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	13.9x
FCG Figaro Coffee Group	6.6x	n/a	₱4.3b
FRUIT Fruitas Holdings	12.3x	n/a	₱1.5b
MAXS Max's Group	6.2x	31.3%	₱2.2b
JFC Jollibee Foods	30.4x	19.5%	₱302.5b
PIZZA Shakey's Pizza Asia Ventures	13.9x	18.4%	₱14.0b

Price-To-Earnings vs Peers: PIZZA is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does PIZZA's PE Ratio compare vs other companies in the Asian Hospitality Industry?

22 Companies	Price / Earnings	Estimated Growth	Market Cap

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PIZZA is good value based on its Price-To-Earnings Ratio (13.9x) compared to the Asian Hospitality industry average (21x).

Price to Earnings Ratio vs Fair Ratio

What is PIZZA'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.

PIZZA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.9x
Fair PE Ratio	10.5x

Price-To-Earnings vs Fair Ratio: PIZZA is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

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 PIZZA 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	₱8.30	₱12.75 +53.6%	12.2%	₱14.30	₱11.20	n/a	2
Nov ’25	₱9.20	₱12.75 +38.6%	12.2%	₱14.30	₱11.20	n/a	2
Oct ’25	₱9.22	₱12.75 +38.3%	12.2%	₱14.30	₱11.20	n/a	2
Sep ’25	₱9.57	₱12.75 +33.2%	12.2%	₱14.30	₱11.20	n/a	2
Aug ’25	₱9.35	₱12.70 +35.8%	8.9%	₱14.30	₱11.80	n/a	3
Jul ’25	₱9.70	₱12.70 +30.9%	8.9%	₱14.30	₱11.80	n/a	3
Jun ’25	₱9.45	₱12.70 +34.4%	8.9%	₱14.30	₱11.80	n/a	3
May ’25	₱9.75	₱12.40 +27.2%	5.7%	₱13.40	₱11.80	n/a	3
Apr ’25	₱10.10	₱12.40 +22.8%	5.7%	₱13.40	₱11.80	n/a	3
Mar ’25	₱10.10	₱12.40 +22.8%	5.7%	₱13.40	₱11.80	n/a	3
Feb ’25	₱10.58	₱12.40 +17.2%	5.7%	₱13.40	₱11.80	n/a	3
Jan ’25	₱9.80	₱12.70 +29.6%	5.5%	₱13.40	₱12.00	n/a	2
Dec ’24	₱9.36	₱12.35 +31.9%	2.8%	₱12.70	₱12.00	n/a	2
Nov ’24	₱9.25	₱12.35 +33.5%	2.8%	₱12.70	₱12.00	₱9.20	2
Oct ’24	₱9.30	₱12.35 +32.8%	2.8%	₱12.70	₱12.00	₱9.22	2
Sep ’24	₱9.47	₱11.17 +17.9%	9.7%	₱12.70	₱10.30	₱9.57	3
Aug ’24	₱9.26	₱11.17 +20.6%	9.7%	₱12.70	₱10.30	₱9.35	3
Jul ’24	₱8.95	₱11.17 +24.8%	9.7%	₱12.70	₱10.30	₱9.70	3
Jun ’24	₱8.51	₱11.23 +32.0%	9.2%	₱12.70	₱10.50	₱9.45	3
May ’24	₱8.60	₱10.53 +22.5%	5.8%	₱11.30	₱9.80	₱9.75	3
Apr ’24	₱8.21	₱10.37 +26.3%	6.4%	₱11.30	₱9.80	₱10.10	3
Mar ’24	₱8.40	₱9.95 +18.5%	9.3%	₱11.30	₱8.70	₱10.10	4
Feb ’24	₱8.35	₱9.93 +19.0%	10.7%	₱11.30	₱8.70	₱10.58	3
Jan ’24	₱7.65	₱9.93 +29.8%	10.7%	₱11.30	₱8.70	₱9.80	3
Dec ’23	₱7.55	₱9.93 +31.6%	10.7%	₱11.30	₱8.70	₱9.36	3
Nov ’23	₱7.26	₱9.93 +36.8%	10.7%	₱11.30	₱8.70	₱9.25	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.