Megaworld Corporation

PSE:MEG Stock Report

Market Cap: ₱67.1b

Megaworld Past Earnings Performance

Past criteria checks 4/6

Megaworld has been growing earnings at an average annual rate of 15.3%, while the Real Estate industry saw earnings growing at 17.3% annually. Revenues have been growing at an average rate of 15% per year. Megaworld's return on equity is 7.9%, and it has net margins of 25.7%.

Key information

15.26%

Earnings growth rate

14.61%

EPS growth rate

Real Estate Industry Growth8.04%
Revenue growth rate15.03%
Return on equity7.88%
Net Margin25.73%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 26

MEG: Aggressive Township And Hotel Expansion Will Pressure Future Cash Flows

Analysts have adjusted their fair value estimate for Megaworld to ₱1.82 from ₱2.00. This reflects updated views on a lower discount rate, a shift to projected revenue growth, a slightly lower profit margin, and a modestly reduced future P/E assumption.
Narrative Update • Jun 06

MEG: Expanded Green Townships And Hotels Will Support Future Repricing Potential

Analysts have slightly adjusted their price target for Megaworld to around ₱2.83 from about ₱2.86. This reflects updated views on its fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.
Narrative Update • Apr 27

MEG: Township Expansion Will Test Cash Flows While Fair Value Appears Intact

Analysts have adjusted their Megaworld price targets to reflect updated assumptions on revenue growth, profit margins, discount rate, and future P/E, resulting in a revised fair value estimate of ₱2.00 per share, which remains unchanged from the prior estimate of ₱2.00. Analyst Commentary With the fair value estimate held at ₱2.00 per share, recent commentary around Megaworld tends to focus on how much room there is for upside versus the risks tied to execution and growth assumptions.
Narrative Update • Apr 10

MEG: Township And Leisure Estate Pipeline Will Support Future Repricing Potential

Narrative Update on Megaworld Analysts have lifted their price target on Megaworld by ₱4, citing steady assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as support for the updated view. Analyst Commentary Recent adjustments to Megaworld’s price target reflect a more constructive stance from bullish analysts, who are focusing on how existing assumptions around fair value and earnings can support the updated view.
Narrative Update • Mar 27

MEG: Township And Leisure Estate Rollout Will Support Future Repricing Potential

Narrative Update Analysts have kept their price target for Megaworld steady at ₱2.86, citing broadly unchanged assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E, similar to how recent research in other sectors has refreshed estimates without altering core valuation views. Analyst Commentary Recent Street research on other names in the broader market highlights how analysts are refining earnings models and price targets while holding on to core views about fair value and execution.
Narrative Update • Mar 12

MEG: Township And Leisure Estate Expansion Will Support A Brighter Forward Outlook

Analysts have raised their price target for Megaworld to about ₱2.86 from roughly ₱2.77, citing updated assumptions that include a higher discount rate, a more moderate revenue growth outlook, slightly stronger profit margins, and a higher future P/E multiple. Analyst Commentary Analysts updating their models for Megaworld are adjusting key assumptions around discount rates, revenue growth, margins, and the P/E multiple.
Narrative Update • Feb 26

MEG: Township And Leisure Estate Expansion Will Support A More Optimistic Outlook

Analysts have kept their fair value estimate for Megaworld steady at ₱2.77 per share, with a slightly lower discount rate and a marginally adjusted future P/E assumption, reflecting fine tuning of their risk and earnings outlook rather than a major shift in the price target narrative. What's in the News Megaworld is starting land development at its 84 hectare Ilocandia Coastown township in Ilocos Norte, including roads, infrastructure, and the launch of Ilocandia Beach Village, a 19.4 hectare gated residential community with 446 beachside lots and extensive leisure amenities.
Narrative Update • Feb 11

MEG: Township Expansion And Hotel Conversion Will Support A More Optimistic Outlook

Analysts have lifted their fair value estimate for Megaworld from ₱2.62 to around ₱2.77, citing updated assumptions that include the latest revenue growth outlook, profit margin expectations, a slightly lower discount rate, and a modestly lower future P/E multiple. What's in the News Megaworld is developing The Sugartown, a 97-hectare township along the Bacolod Silay Airport Road in Talisay City, Negros Occidental, with a planned PHP 8b allocation over the next 7 to 10 years for mixed residential, commercial, retail, and tourism uses (Key Developments).
Narrative Update • Jan 27

MEG: Township Expansion Will Pressure Cash Flows And Profitability Outlook

Analysts have trimmed their price target on Megaworld to $2.00, reflecting slightly updated assumptions on revenue growth, profit margins, discount rate and forward P/E, while keeping their overall valuation view broadly in line with prior estimates. What's in the News Megaworld is developing The Sugartown, a 97 hectare township along the Bacolod Silay Airport Road in Talisay City, Negros Occidental.
Narrative Update • Jan 12

MEG: Township Spending And Hotel Rebrand Will Strain Profitability Outlook

Analysts have adjusted their price target for Megaworld to reflect updated assumptions on revenue growth, profit margins and future P/E. The changes highlight a shift toward slightly stronger top line expectations while remaining more cautious on profitability.
Narrative Update • Dec 14

MEG: Hotel Expansion And Township Investments Will Support Steady Outlook

Analysts have nudged their price target for Megaworld slightly higher to reflect a modest improvement in expected revenue trends, a small uptick in forecast profit margins, and a marginally lower future P/E multiple, even though they are applying a slightly higher discount rate to account for elevated risk. What's in the News Megaworld Hotels and Resorts signed a landmark agreement with Accor to convert the 1,530 room Grand Westside Hotel into Movenpick Manila Bay Westside, set to become the largest Movenpick hotel globally and targeted to open before end 2026 (Client Announcements).
Narrative Update • Sep 04

Expansion Into Tourism And High-End Real Estate Will Strengthen Future Prospects

The slight increase in Megaworld’s future P/E ratio, while revenue growth forecasts remain stable, underpins the modest upward revision in its consensus price target from ₱2.56 to ₱2.62. What's in the News Announced annual dividend of PHP 0.0940 per share.
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New Narrative • Feb 08

Expansion Into Tourism And High-End Real Estate Will Strengthen Future Prospects

Focus on upper-middle to high-end real estate supports strong profit margins by targeting less price-sensitive consumers.

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)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2682,38621,20022,6370
31 Dec 2581,78721,00222,1140
30 Sep 2582,04520,95021,7010
30 Jun 2581,59420,89321,4720
31 Mar 2579,42119,43920,5560
31 Dec 2478,21818,74919,8760
30 Sep 2476,56519,05119,1900
30 Jun 2472,84618,02017,9730
31 Mar 2469,13717,66417,3360
31 Dec 2365,50217,34516,9730
30 Sep 2362,77617,08116,5400
30 Jun 2361,10815,44716,1450
31 Mar 2359,37214,47015,3710
31 Dec 2256,15713,45514,6100
30 Sep 2254,49213,67013,4800
30 Jun 2254,23814,31113,2290
31 Mar 2251,91014,14013,0960
31 Dec 2148,63713,28212,8940
30 Sep 2143,77510,21512,1030
30 Jun 2138,6519,07511,6630
31 Mar 2135,4788,32811,1900
31 Dec 2040,9519,35011,9090
30 Sep 2049,46311,99513,2630
30 Jun 2056,50514,47313,8380
31 Mar 2064,06117,04614,5530
31 Dec 1963,64117,36813,9120
30 Sep 1961,34416,19313,2840
30 Jun 1959,39515,75612,5440
31 Mar 1957,10615,17211,7850
31 Dec 1855,39514,91711,2450
30 Sep 1851,89014,40211,1390
30 Jun 1850,61513,88810,5390
31 Mar 1848,97913,61010,0040
31 Dec 1748,27213,1459,6880
30 Sep 1747,05012,3308,9320
30 Jun 1746,57411,9608,7110
31 Mar 1746,02511,6288,5200
01 Jan 1742,46611,4938,3220
30 Sep 1644,84811,1038,2510
30 Jun 1644,09010,7698,1870
31 Mar 1644,03210,4938,0770
31 Dec 1543,12910,2148,0380
30 Sep 1541,92410,5258,2460

Quality Earnings: MEG has high quality earnings.

Growing Profit Margin: MEG's current net profit margins (25.7%) 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 15.3% per year over the past 5 years.

Accelerating Growth: MEG's earnings growth over the past year (9.1%) is below its 5-year average (15.3% per year).

Earnings vs Industry: MEG earnings growth over the past year (9.1%) exceeded the Real Estate industry 1.2%.

Return on Equity

High ROE: MEG's Return on Equity (7.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 09:00
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Megaworld Corporation is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russ ToribioBofA Global Research
Edser TrinidadCGS International
Ricardo PuigCitigroup Inc