Aboitiz Power Corporation

PSE:AP Stock Report

Market Cap: ₱270.6b

Aboitiz Power Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: AP (₱37.75) is trading below our estimate of fair value (₱53.12)

Significantly Below Fair Value: AP is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AP. This is calculated by dividing AP's market cap by their current earnings.
What is AP's PE Ratio?
PE Ratio8.1x
Earnings₱33.64b
Market Cap₱270.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
ACEN Acen
20.9x16.4%₱177.8b
FGEN First Gen
3.8x11.5%₱61.8b
VVT Vivant
9.1xn/a₱17.4b
SPC SPC Power
13.7xn/a₱13.5b
AP Aboitiz Power
8.1x7.4%₱270.6b

Price-To-Earnings vs Peers: AP is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does AP's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AP 8.1xIndustry Avg. 14.1xNo. of Companies24PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AP is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Asian Renewable Energy industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is AP'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.

AP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: AP is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).

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 AP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₱37.75
₱44.44
+17.7%
16.1%₱51.80₱30.00n/a7
Nov ’25₱37.50
₱44.84
+19.6%
15.1%₱51.80₱30.00n/a8
Oct ’25₱38.20
₱44.84
+17.4%
15.1%₱51.80₱30.00n/a8
Sep ’25₱35.70
₱44.84
+25.6%
15.1%₱51.80₱30.00n/a8
Aug ’25₱33.25
₱44.13
+32.7%
15.5%₱51.80₱29.00n/a9
Jul ’25₱33.80
₱43.74
+29.4%
15.1%₱51.80₱29.00n/a11
Jun ’25₱34.10
₱43.47
+27.5%
15.0%₱51.80₱29.00n/a11
May ’25₱37.05
₱43.38
+17.1%
14.9%₱51.80₱29.00n/a11
Apr ’25₱36.20
₱43.01
+18.8%
15.2%₱51.78₱28.00n/a11
Mar ’25₱37.30
₱43.01
+15.3%
15.2%₱51.78₱28.00n/a11
Feb ’25₱37.65
₱42.55
+13.0%
15.8%₱51.78₱28.00n/a10
Jan ’25₱37.80
₱41.69
+10.3%
15.3%₱50.00₱28.00n/a9
Dec ’24₱36.60
₱41.68
+13.9%
13.9%₱47.60₱28.00n/a10
Nov ’24₱35.95
₱41.90
+16.5%
14.1%₱47.60₱28.00₱37.5010
Oct ’24₱33.50
₱42.24
+26.1%
13.9%₱47.60₱28.00₱38.209
Sep ’24₱35.45
₱42.24
+19.2%
13.9%₱47.60₱28.00₱35.709
Aug ’24₱36.00
₱42.06
+16.8%
13.6%₱46.37₱28.00₱33.259
Jul ’24₱38.45
₱41.69
+8.4%
16.0%₱46.37₱25.00₱33.809
Jun ’24₱37.20
₱40.12
+7.8%
18.0%₱46.37₱25.00₱34.1010
May ’24₱38.00
₱37.45
-1.4%
21.3%₱45.65₱22.00₱37.0511
Apr ’24₱37.20
₱37.45
+0.7%
21.3%₱45.65₱22.00₱36.2011
Mar ’24₱37.50
₱36.69
-2.2%
21.6%₱45.20₱22.00₱37.3011
Feb ’24₱36.80
₱35.49
-3.6%
21.7%₱45.20₱22.00₱37.6510
Jan ’24₱34.05
₱34.89
+2.5%
20.9%₱45.20₱22.00₱37.8010
Dec ’23₱34.00
₱34.89
+2.6%
20.9%₱45.20₱22.00₱36.6010
Nov ’23₱31.65
₱33.51
+5.9%
18.2%₱41.90₱22.00₱35.9510

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

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