ABS-CBN Valuation

Is ABS 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ABS (₱4.4) is trading above our estimate of fair value (₱1.17)

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

Key Valuation Metric

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

Key metric: As ABS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ABS. This is calculated by dividing ABS's market cap by their current revenue.
What is ABS's PS Ratio?
PS Ratio	0.2x
Sales	₱17.11b
Market Cap	₱3.96b

ABS 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	0.9x
Enterprise Value/EBITDA	-6.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ABS's PS Ratio compare to its peers?

The above table shows the PS ratio for ABS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.5x
MBC Manila Broadcasting	2.8x	n/a	₱3.1b
GMA7 GMA Network	1.3x	4.2%	₱23.3b
MB Manila Bulletin Publishing	1.3x	n/a	₱727.9m
9407 RKB Mainichi Holdings	0.4x	n/a	JP¥10.4b
ABS ABS-CBN	0.2x	n/a	₱4.0b

Price-To-Sales vs Peers: ABS is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does ABS's PS Ratio compare vs other companies in the Asian Media Industry?

45 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.3x	8.4%
ABS ABS-CBN	0.2x	n/a	US$67.14m

45 Companies		Estimated Growth	Market Cap
Industry Avg.	1.3x	22.4%
ABS ABS-CBN	0.2x	n/a	US$67.14m

No more companies

Price-To-Sales vs Industry: ABS is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Media industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

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

ABS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ABS's Price-To-Sales 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.