Italpinas Development Valuation

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

Below Fair Value: IDC (₱1.48) is trading above our estimate of fair value (₱0.71)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IDC. This is calculated by dividing IDC's market cap by their current earnings.
What is IDC's PE Ratio?
PE Ratio	5.2x
Earnings	₱180.88m
Market Cap	₱931.76m

IDC 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	9.1x
Enterprise Value/EBITDA	395.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IDC 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	10.2x
BRN A Brown Company	8.9x	n/a	₱1.3b
CEI Crown Equities	26.3x	n/a	₱852.7m
ALCO Arthaland	3.1x	n/a	₱1.9b
ELI Empire East Land Holdings	2.3x	n/a	₱1.8b
IDC Italpinas Development	5.2x	n/a	₱931.8m

Price-To-Earnings vs Peers: IDC is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap
ABA AbaCore Capital Holdings	1.4x	n/a	US$49.66m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: IDC is good value based on its Price-To-Earnings Ratio (5.2x) compared to the PH Real Estate industry average (5.4x).

Price to Earnings Ratio vs Fair Ratio

What is IDC'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.

IDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.2x
Fair PE Ratio	n/a

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

Discover undervalued companies

Century Properties Group

₱4.4b

Operates as a real estate company in the Philippines.

CPG

₱0.38

4.1%

26.7%

Robinsons Land

₱67.2b

Acquires, develops, operates, leases, disposes, and sells real estate properties in the Philippines.

RLC

₱13.90

1.5%

-4.8%

Cityland Development

₱3.2b

Develops, leases, and sells real estate properties in the Philippines.

CDC

₱0.65

-5.8%

-8.5%