Megaworld Corporation, together with its subsidiaries, develops, markets, and leases real estate properties in the Philippines.
Solid track record with excellent balance sheet and pays a dividend.
Share Price & News
How has Megaworld's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGAW.Y's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: MGAW.Y underperformed the US Real Estate industry which returned -17.4% over the past year.
Return vs Market: MGAW.Y underperformed the US Market which returned 8.4% over the past year.
Price Volatility Vs. Market
How volatile is Megaworld's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Megaworld undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MGAW.Y ($10.5) is trading above our estimate of fair value ($2.07)
Significantly Below Fair Value: MGAW.Y is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MGAW.Y is good value based on its PE Ratio (5x) compared to the Real Estate industry average (15.7x).
PE vs Market: MGAW.Y is good value based on its PE Ratio (5x) compared to the US market (16x).
Price to Earnings Growth Ratio
PEG Ratio: MGAW.Y is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: MGAW.Y is good value based on its PB Ratio (0.5x) compared to the US Real Estate industry average (1.1x).
How is Megaworld forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGAW.Y's forecast earnings growth (4.1% per year) is above the savings rate (2.2%).
Earnings vs Market: MGAW.Y's earnings (4.1% per year) are forecast to grow slower than the US market (21.7% per year).
High Growth Earnings: MGAW.Y's earnings are forecast to grow, but not significantly.
Revenue vs Market: MGAW.Y's revenue (2.3% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: MGAW.Y's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGAW.Y's Return on Equity is forecast to be low in 3 years time (8.9%).
How has Megaworld performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGAW.Y has high quality earnings.
Growing Profit Margin: MGAW.Y's current net profit margins (27.3%) are higher than last year (26.9%).
Past Earnings Growth Analysis
Earnings Trend: MGAW.Y's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: MGAW.Y's earnings growth over the past year (16.4%) exceeds its 5-year average (3.1% per year).
Earnings vs Industry: MGAW.Y earnings growth over the past year (16.4%) exceeded the Real Estate industry -6.4%.
Return on Equity
High ROE: MGAW.Y's Return on Equity (9.4%) is considered low.
How is Megaworld's financial position?
Financial Position Analysis
Short Term Liabilities: MGAW.Y's short term assets (PHP190.5B) exceed its short term liabilities (PHP57.5B).
Long Term Liabilities: MGAW.Y's short term assets (PHP190.5B) exceed its long term liabilities (PHP87.2B).
Debt to Equity History and Analysis
Debt Level: MGAW.Y's debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: MGAW.Y's debt to equity ratio has increased from 27% to 37.5% over the past 5 years.
Debt Coverage: MGAW.Y's debt is well covered by operating cash flow (30.4%).
Interest Coverage: MGAW.Y earns more interest than it pays, so coverage of interest payments is not a concern.
What is Megaworld's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MGAW.Y's dividend (2.72%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: MGAW.Y's dividend (2.72%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Stability and Growth of Payments
Stable Dividend: MGAW.Y's dividend payments have been volatile in the past 10 years.
Growing Dividend: MGAW.Y's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.7%), MGAW.Y's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MGAW.Y's dividends in 3 years are forecast to be well covered by earnings (15.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andrew Tan (70yo)
Dr. Andrew Lim Tan has been the Chairman and Chief Executive Officer at Global Estate Resorts, Inc. since January 2011. Dr. Tan is a Co-owner at The Andresons Group, Inc and served as the Chief Executive O ...
|Chairman||no data||no data||0.30% PHP5.2m|
|Executive Director||13.08yrs||no data||0.0019% PHP33.2k|
|Director||10.83yrs||no data||0.00025% PHP4.3k|
|Independent Director||18.92yrs||no data||no data|
|Director||30.75yrs||no data||0.0059% PHP102.6k|
|Independent Director||2.17yrs||no data||no data|
|Independent Vice Chairman of the Board||no data||no data||no data|
Experienced Board: MGAW.Y's board of directors are seasoned and experienced ( 16 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Megaworld Corporation's company bio, employee growth, exchange listings and data sources
- Name: Megaworld Corporation
- Ticker: MGAW.Y
- Exchange: OTCPK
- Founded: 1989
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: ₱88.155b
- Listing Market Cap: ₱1.739b
- Shares outstanding: 32.06b
- Website: https://www.megaworldcorp.com
Number of Employees
- Megaworld Corporation
- Alliance Global Tower
- 30th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MEG||PSE (Philippines Stock Exchange)||Yes||Common Shares||PH||PHP||Jun 1994|
|MGAW.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 1994|
|MGAW.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Jan 2013|
Megaworld Corporation, together with its subsidiaries, develops, markets, and leases real estate properties in the Philippines. It operates through Real Estate, Rental, and Hotel Operations segments. It develops mixed-use planned communities or townships, including residential, commercial, office, leisure, entertainment, and educational/training components. The company’s real estate portfolio comprises residential condominium units, subdivision lots and townhouses, and condominium-hotel projects, as well as office projects and retail spaces. It is also involved in the lease of office and retail spaces; and property-related activities, such as project design, construction oversight, and property management, as well as provision of business process outsourcing, educational facilities, restaurants, cafes, cocktail bars, lounges, inns, apartments, private clubs, and other related businesses. In addition, the company owns, leases, and manages hotels. As of July 30, 2019, Megaworld Corporation had 17 lifestyle malls across the Philippines, and a total retail space portfolio of approximately 710,000 square meters. The company was formerly known as Megaworld Properties & Holdings, Inc. and changed its name to Megaworld Corporation in August 1999. The company was founded in 1989 and is based in Taguig, the Philippines. Megaworld Corporation is a subsidiary of Alliance Global Group, Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 04:25|
|End of Day Share Price||2020/05/28 00:00|
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 here.