PAL Holdings Valuation

Q: What is the Fair Price of PAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PAL (₱5.19) is trading above our estimate of [[fair value]] (₱1.08)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: PAL (₱5.19) is trading above our estimate of fair value (₱1.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PAL. This is calculated by dividing PAL's market cap by their current earnings.
What is PAL's PE Ratio?
PE Ratio	16.6x
Earnings	₱8.41b
Market Cap	₱139.63b

PAL 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	1.1x
Enterprise Value/EBITDA	6.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PAL 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	14.4x
CEB Cebu Air	3.3x	8.7%	₱18.7b
HVN Vietnam Airlines JSC	16.1x	n/a	₫60.6t
ATI Asian Terminals	8x	n/a	₱35.6b
AF Air France-KLM	30.3x	33.6%	€1.9b
PAL PAL Holdings	16.6x	n/a	₱139.6b

Price-To-Earnings vs Peers: PAL is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (14.4x).

Price to Earnings Ratio vs Industry

How does PAL's PE Ratio compare vs other companies in the Asian Airlines Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PAL is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the Asian Airlines industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is PAL'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.

PAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.6x
Fair PE Ratio	n/a

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