Citicore Renewable Energy Valuation

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

Below Fair Value: Insufficient data to calculate CREC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CREC's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CREC. This is calculated by dividing CREC's market cap by their current earnings.
What is CREC's PE Ratio?
PE Ratio	46.9x
Earnings	₱611.37m
Market Cap	₱28.66b

CREC 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	10x
Enterprise Value/EBITDA	30.1x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CREC 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	6x
FPH First Philippine Holdings	2x	n/a	₱28.0b
SGP Synergy Grid & Development Phils	5.4x	n/a	₱47.4b
JOH Jolliville Holdings	4x	n/a	₱1.7b
MER Manila Electric	12.4x	6.2%	₱538.8b
CREC Citicore Renewable Energy	46.9x	69.9%	₱28.7b

Price-To-Earnings vs Peers: CREC is expensive based on its Price-To-Earnings Ratio (46.9x) compared to the peer average (6x).

Price to Earnings Ratio vs Industry

How does CREC's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CREC is expensive based on its Price-To-Earnings Ratio (46.9x) compared to the Asian Electric Utilities industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is CREC'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.

CREC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	46.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CREC'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?

The above table shows the analyst CREC forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₱3.21	₱3.70 +15.3%	5.4%	₱3.90	₱3.50	n/a	2
Nov ’25	₱3.20	₱3.70 +15.6%	5.4%	₱3.90	₱3.50	n/a	2
Oct ’25	₱3.25	₱3.70 +13.8%	5.4%	₱3.90	₱3.50	n/a	2
Sep ’25	₱2.96	₱3.70 +25.0%	5.4%	₱3.90	₱3.50	n/a	2
Aug ’25	₱2.95	₱3.70 +25.4%	5.4%	₱3.90	₱3.50	n/a	2

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

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