Megaworld Corporation

PSE:MEG Stock Report

Market Cap: ₱71.3b

Megaworld Valuation

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

Below Fair Value: MEG (₱2.19) is trading above our estimate of fair value (₱0.97)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MEG. This is calculated by dividing MEG's market cap by their current earnings.
What is MEG's PE Ratio?
PE Ratio3.7x
Earnings₱19.05b
Market Cap₱71.30b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.8x
FDC Filinvest Development
3.7xn/a₱46.7b
HOUSE 8990 Holdings
8.8xn/a₱45.7b
SLI Sta. Lucia Land
6.1xn/a₱23.6b
FLI Filinvest Land
4.7x1.6%₱18.7b
MEG Megaworld
3.7x3.7%₱71.3b

Price-To-Earnings vs Peers: MEG is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (5.8x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ABA AbaCore Capital Holdings
1.3xn/aUS$50.34m
No more companies available in this PE range
MEG 3.7xIndustry Avg. 5.0xNo. of Companies10PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MEG is good value based on its Price-To-Earnings Ratio (3.7x) compared to the PH Real Estate industry average (5x).

Price to Earnings Ratio vs Fair Ratio

What is MEG'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.

MEG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.7x
Fair PE Ratio6.9x

Price-To-Earnings vs Fair Ratio: MEG is good value based on its Price-To-Earnings Ratio (3.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₱2.19
₱2.38
+8.7%
29.2%₱3.47₱1.50n/a7
Nov ’25₱2.31
₱2.38
+3.1%
29.2%₱3.47₱1.50n/a7
Oct ’25₱2.18
₱2.38
+9.2%
29.2%₱3.47₱1.50n/a7
Sep ’25₱1.92
₱2.18
+13.5%
28.9%₱3.47₱1.50n/a6
Aug ’25₱1.84
₱2.22
+20.7%
27.5%₱3.47₱1.50n/a6
Jul ’25₱1.77
₱2.35
+33.0%
26.0%₱3.47₱1.50n/a6
Jun ’25₱1.80
₱2.35
+30.7%
26.0%₱3.47₱1.50n/a6
May ’25₱1.83
₱2.70
+47.6%
32.3%₱4.36₱1.55n/a6
Apr ’25₱1.91
₱2.87
+50.1%
25.5%₱4.36₱2.20n/a6
Mar ’25₱1.94
₱2.84
+46.6%
26.2%₱4.36₱2.20n/a6
Feb ’25₱1.95
₱2.97
+52.4%
25.4%₱4.36₱2.25n/a5
Jan ’25₱1.97
₱2.58
+30.7%
11.5%₱3.00₱2.25n/a4
Dec ’24₱2.03
₱2.73
+34.6%
24.8%₱4.28₱2.20n/a7
Nov ’24₱1.98
₱2.73
+38.0%
24.8%₱4.28₱2.20₱2.317
Oct ’24₱2.02
₱2.73
+35.3%
24.8%₱4.28₱2.20₱2.187
Sep ’24₱2.01
₱2.85
+42.0%
23.6%₱4.28₱2.20₱1.927
Aug ’24₱2.04
₱2.73
+34.0%
24.8%₱4.28₱2.20₱1.847
Jul ’24₱1.99
₱2.74
+37.9%
23.0%₱4.28₱2.20₱1.779
Jun ’24₱1.99
₱2.74
+37.9%
23.0%₱4.28₱2.20₱1.809
May ’24₱2.00
₱2.75
+37.7%
23.6%₱4.28₱2.20₱1.839
Apr ’24₱2.00
₱2.89
+44.6%
21.6%₱4.28₱2.35₱1.918
Mar ’24₱2.00
₱2.88
+44.0%
21.7%₱4.28₱2.35₱1.948
Feb ’24₱2.21
₱2.88
+30.3%
21.7%₱4.28₱2.35₱1.958
Jan ’24₱2.00
₱2.88
+44.0%
21.7%₱4.28₱2.35₱1.978
Dec ’23₱2.24
₱2.88
+28.6%
21.7%₱4.28₱2.35₱2.038
Nov ’23₱2.08
₱2.88
+38.2%
24.0%₱4.38₱2.25₱1.988

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Keppel Philippines Properties

₱905.0m

Operates as a real estate development company in the Philippines.

KEP

₱3.08

7D

-0.6%

1Y

-55.4%

Century Properties Group

₱4.3b

Operates as a real estate company in the Philippines.

CPG

₱0.37

7D

8.8%

1Y

21.3%

Cityland Development

₱3.4b

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

CDC

₱0.68

7D

-1.4%

1Y

-6.8%