Manila Water Company, Inc.

OTCPK:MWTC.F Stock Report

Market Cap: US$1.4b

Manila Water Company Valuation

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

Below Fair Value: MWTC.F ($0.44) is trading below our estimate of fair value ($0.76)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MWTC.F?

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

The above table shows the Price to Earnings ratio for MWTC.F. This is calculated by dividing MWTC.F's market cap by their current earnings.
What is MWTC.F's PE Ratio?
PE Ratio9.5x
Earnings₱8.44b
Market Cap₱80.33b

Price to Earnings Ratio vs Peers

How does MWTC.F's PE Ratio compare to its peers?

The above table shows the PE ratio for MWTC.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.6x
MSEX Middlesex Water
29.4xn/aUS$1.2b
SJW SJW Group
20.6x7.6%US$1.9b
CWT California Water Service Group
15.4x0.3%US$3.1b
AWR American States Water
29.1x8.7%US$3.2b
MWTC.F Manila Water Company
9.5x16.0%US$80.3b

Price-To-Earnings vs Peers: MWTC.F is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does MWTC.F's PE Ratio compare vs other companies in the Global Water Utilities Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MWTC.F 9.5xIndustry Avg. 18.0xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MWTC.F is good value based on its Price-To-Earnings Ratio (9.5x) compared to the Global Water Utilities industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is MWTC.F'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.

MWTC.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MWTC.F'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 MWTC.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$0.56
0%
9.2%US$0.66US$0.52n/a5
Nov ’25US$0.46
US$0.58
+26.3%
8.1%US$0.67US$0.54n/a5
Oct ’25US$0.46
US$0.56
+22.2%
12.0%US$0.68US$0.45n/a6
Sep ’25US$0.46
US$0.52
+13.7%
12.9%US$0.65US$0.43n/a6
Aug ’25n/a
US$0.52
0%
12.9%US$0.65US$0.43n/a6
Jul ’25US$0.50
US$0.52
+5.0%
12.9%US$0.65US$0.43n/a6
Jun ’25n/a
US$0.52
0%
13.2%US$0.65US$0.43n/a6
May ’25n/a
US$0.49
0%
4.5%US$0.52US$0.45n/a6
Apr ’25n/a
US$0.49
0%
4.5%US$0.52US$0.45n/a6
Mar ’25n/a
US$0.49
0%
4.6%US$0.52US$0.45n/a6
Feb ’25n/a
US$0.50
0%
2.7%US$0.52US$0.48n/a5
Jan ’25n/a
US$0.50
0%
2.5%US$0.52US$0.49n/a4
Dec ’24n/a
US$0.49
0%
4.1%US$0.52US$0.46n/a6
Nov ’24n/a
US$0.47
0%
4.8%US$0.51US$0.44US$0.466
Oct ’24US$0.31
US$0.47
+51.2%
4.8%US$0.51US$0.44US$0.466
Sep ’24US$0.32
US$0.47
+45.5%
5.1%US$0.52US$0.45US$0.466
Aug ’24n/a
US$0.47
0%
5.1%US$0.52US$0.45n/a6
Jul ’24US$0.33
US$0.47
+41.6%
5.1%US$0.52US$0.45US$0.506
Jun ’24n/a
US$0.47
0%
8.1%US$0.52US$0.41n/a6
May ’24n/a
US$0.47
0%
6.8%US$0.53US$0.42n/a6
Apr ’24n/a
US$0.47
0%
6.8%US$0.53US$0.42n/a6
Mar ’24n/a
US$0.47
0%
5.2%US$0.52US$0.45n/a5
Feb ’24n/a
US$0.47
0%
5.2%US$0.52US$0.45n/a5
Jan ’24n/a
US$0.47
0%
5.2%US$0.52US$0.45n/a5
Dec ’23n/a
US$0.44
0%
11.5%US$0.51US$0.35n/a5
Nov ’23n/a
US$0.33
0%
26.8%US$0.45US$0.20n/a4

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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