Megaworld Past Earnings Performance

Past criteria checks 4/6

Megaworld has been growing earnings at an average annual rate of 1.8%, while the Real Estate industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 2.5% per year. Megaworld's return on equity is 7.5%, and it has net margins of 25.2%.

Key information

1.8%

Earnings growth rate

2.4%

EPS growth rate

Real Estate Industry Growth	8.0%
Revenue growth rate	2.5%
Return on equity	7.5%
Net Margin	25.2%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Megaworld makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:MEG Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	70,112	17,663	17,336
31 Dec 23	66,631	17,345	16,973
30 Sep 23	62,556	17,081	16,540
30 Jun 23	60,888	15,447	16,145
31 Mar 23	59,152	14,471	15,371
31 Dec 22	56,956	13,455	14,610
30 Sep 22	54,492	13,670	13,480
30 Jun 22	54,238	14,311	13,229
31 Mar 22	51,910	14,140	13,096
31 Dec 21	48,637	13,282	12,894
30 Sep 21	43,775	10,215	12,103
30 Jun 21	38,651	9,075	11,663
31 Mar 21	35,478	8,328	11,190
31 Dec 20	40,951	9,350	11,909
30 Sep 20	49,463	11,995	13,263
30 Jun 20	56,505	14,473	13,838
31 Mar 20	64,061	17,046	14,553
31 Dec 19	63,641	17,368	13,912
30 Sep 19	61,344	16,193	13,284
30 Jun 19	59,395	15,756	12,544
31 Mar 19	57,106	15,172	11,785
31 Dec 18	55,395	14,917	11,245
30 Sep 18	51,890	14,402	11,139
30 Jun 18	50,615	13,888	10,539
31 Mar 18	48,979	13,610	10,004
31 Dec 17	48,272	13,145	9,688
30 Sep 17	47,050	12,330	8,932
30 Jun 17	46,574	11,960	8,711
31 Mar 17	46,025	11,628	8,520
01 Jan 17	42,466	11,493	8,322
30 Sep 16	44,848	11,103	8,251
30 Jun 16	44,090	10,769	8,187
31 Mar 16	44,032	10,493	8,077
31 Dec 15	43,129	10,214	8,038
30 Sep 15	41,924	10,525	8,246
30 Jun 15	40,545	10,152	7,878
31 Mar 15	39,287	20,830	8,013
01 Jan 15	38,046	21,219	7,540
30 Sep 14	36,071	21,300	6,699
30 Jun 14	35,185	21,109	6,621
31 Mar 14	33,799	9,838	5,866
31 Dec 13	32,678	8,970	5,701
30 Sep 13	30,236	8,173	5,326

Quality Earnings: MEG has high quality earnings.

Growing Profit Margin: MEG's current net profit margins (25.2%) are higher than last year (24.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MEG's earnings have grown by 1.8% per year over the past 5 years.

Accelerating Growth: MEG's earnings growth over the past year (22.1%) exceeds its 5-year average (1.8% per year).

Earnings vs Industry: MEG earnings growth over the past year (22.1%) did not outperform the Real Estate industry 25.7%.

Megaworld Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: ₱0.14 (vs ₱0.13 in 1Q 2023)

Full year 2023 earnings released: EPS: ₱0.56 (vs ₱0.43 in FY 2022)

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

First quarter 2023 earnings released: EPS: ₱0.13 (vs ₱0.098 in 1Q 2022)

Third quarter 2022 earnings released: EPS: ₱0.081 (vs ₱0.10 in 3Q 2021)

Recent updates

Megaworld Corporation Appoints Lourdes T. Gutierrez-Alfonso as New President

Price target decreased by 11% to ₱2.36

Megaworld Corporation has filed a Follow-on Equity Offering in the amount of PHP 2.6125 billion.

First quarter 2024 earnings released: EPS: ₱0.14 (vs ₱0.13 in 1Q 2023)

Megaworld Corporation, Annual General Meeting, May 13, 2024

Consensus revenue estimates increase by 12%

Full year 2023 earnings released: EPS: ₱0.56 (vs ₱0.43 in FY 2022)

Price target increased by 15% to ₱2.97

Consensus EPS estimates increase by 13%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₱0.066 per share at 3.0% yield

Megaworld Corporation Declares Cash Dividends on Outstanding Common Shares, Payable on 14 November 2023

Megaworld Corporation to Build 26-Storeys, Two-Tower Residential Condominium Development in Bacolod

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Megaworld Corporation to Build Standalone Convention Center Near the Beach in Mactan

Megaworld Corporation to Build its First Beachside Residential Condominium Development in San Vicente, Palawan

Megaworld Corporation Announces Executive Appointments

Consensus EPS estimates increase by 10%, revenue downgraded

First quarter 2023 earnings released: EPS: ₱0.13 (vs ₱0.098 in 1Q 2022)

Megaworld to Build Savoy Hotel in Palawan the 306-Room `Luxury Green Hotel' Is Close to the Beach of the 462-Hectare Paragua Coastown

Megaworld Corporation Announces Resignation of Cheryll B. Sereno as Chief Risk Officer

Megaworld Corporation Launches New Residential Tower Inside the 3-Hectare Winford Resort Inspired by `Old Manila'

Third quarter 2022 earnings released: EPS: ₱0.081 (vs ₱0.10 in 3Q 2021)

Less than half of directors are independent

Megaworld Corporation to Build Vion West

Price target decreased to ₱2.97

Price target decreased to ₱3.21

Megaworld Corporation Declares Cash Dividend for 2022, Payable on 14 November 2022

Second quarter 2022 earnings released: EPS: ₱0.089 (vs ₱0.084 in 2Q 2021)

Megaworld Corporation Launches its Third Residential Condominium Project, Montrose Parkview, Inside its 35.6-Hectare Capital Town in the City of San Fernando, Pampanga

Price target decreased to ₱3.50

Megaworld Corporation Approves Appointment of Alejo L. Villanueva, Jr. as Independent Directors of the Company

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Megaworld Corporation, Annual General Meeting, Jun 17, 2022

Less than half of directors are independent

Third quarter 2021 earnings released: EPS ₱0.10 (vs ₱0.063 in 3Q 2020)

Second quarter 2021 earnings released: EPS ₱0.084 (vs ₱0.052 in 2Q 2020)

Megaworld Lines Up 21 Major Projects Across the Country to Further Boost Rental Income Portfolio

Investor sentiment improved over the past week

Consensus forecasts updated

First quarter 2021 earnings released: EPS ₱0.07 (vs ₱0.11 in 1Q 2020)

Price target decreased to ₱4.23

Full year 2020 earnings released: EPS ₱0.29 (vs ₱0.55 in FY 2019)

New 90-day low: ₱3.70

New 90-day high: ₱4.18

New 90-day high: ₱4.02

Chairman recently sold ₱380m worth of stock

Third quarter 2020 earnings released: EPS ₱0.063

Revenue beats expectations, earnings disappoint

New 90-day high: ₱3.25

New 90-day low - ₱2.88

First half earnings released

Price target lowered to ₱3.94

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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