Altus Property Ventures Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: APVI (₱8.69) is trading below our estimate of fair value (₱20.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for APVI. This is calculated by dividing APVI's market cap by their current earnings.
What is APVI's PE Ratio?
PE Ratio	5.9x
Earnings	₱148.41m
Market Cap	₱869.00m

APVI 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	0.8x
Enterprise Value/EBITDA	1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for APVI 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	27.3x
WIN Wellex Industries	94.3x	n/a	₱688.0m
TFC PTFC Redevelopment	6.5x	n/a	₱708.8m
FJP F & J Prince Holdings	6.8x	n/a	₱719.5m
ABA AbaCore Capital Holdings	1.4x	n/a	₱3.0b
APVI Altus Property Ventures	5.9x	n/a	₱869.0m

Price-To-Earnings vs Peers: APVI is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does APVI's PE Ratio compare vs other companies in the PH Real Estate Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
ABA AbaCore Capital Holdings	1.4x	n/a	US$51.15m
KPHB Keppel Philippines Holdings	1.5x	n/a	US$14.80m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: APVI is expensive based on its Price-To-Earnings Ratio (5.9x) compared to the PH Real Estate industry average (5.1x).

Price to Earnings Ratio vs Fair Ratio

What is APVI'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.

APVI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.9x
Fair PE Ratio	n/a

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