GMA Holdings Valuation

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

GMAP (₱6.15) is trading above our estimate of [[fair value]] (₱0)

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GMAP (₱6.15) is trading above our estimate of fair value (₱0)

Significantly Below Fair Value: GMAP is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As GMAP barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for GMAP. This is calculated by dividing GMAP's market cap by their current book value.
What is GMAP's PB Ratio?
PB Ratio	13060.4x
Book	₱1.58m
Market Cap	₱20.69b

GMAP 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	6663.5x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does GMAP's PB Ratio compare to its peers?

The above table shows the PB ratio for GMAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.8x
PSE Philippine Stock Exchange	2.7x	n/a	₱14.5b
COL COL Financial Group	4.5x	n/a	₱10.2b
TELL Bank of Greece	0.07x	n/a	€264.2m
APO Anglo Philippine Holdings	0.2x	n/a	₱1.2b
GMAP GMA Holdings	13060.4x	n/a	₱20.7b

Price-To-Book vs Peers: GMAP is expensive based on its Price-To-Book Ratio (13060.4x) compared to the peer average (1.8x).

Price to Book Ratio vs Industry

How does GMAP's PB Ratio compare vs other companies in the Asian Diversified Financial Industry?

20 Companies	Price / Book	Estimated Growth	Market Cap

20 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: GMAP is expensive based on its Price-To-Book Ratio (13060.4x) compared to the Asian Diversified Financial industry average (1.2x).

Price to Book Ratio vs Fair Ratio

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

GMAP PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	13060.4x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate GMAP's Price-To-Book 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.