Frontierby eninvs

Language: EN / RU

← Region

Megaworld Corporation PHP

Megaworld Corporation is a Philippine real estate developer focused on large-scale integrated urban townships, residential condominiums, and commercial properties. It also operates in the hospitality and leasing sectors through its hotels and office spaces.

Sector: Real Estate

PH_MEG

Price chart

2.25 PHPDay -1.75%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
2.25 PHP · -1.75%
Market cap
73.0 bn PHP

Growth

Δ revenue y/y
2.2%
Δ EBITDA y/y
4.0%

Multiples

P/E (LTM)
3.0x
P/B (FY)
0.2x
P/E (ann.)
2.8x
EV/EBITDA (LTM)
4.4x
EV/EBITDA (ann.)
4.3x

Cash return

Dividend yield
5.2%
FCF yield (LTM)
50.7%

Value creation

fundamental value/yr, % of market cap
Value created / year
+24.4%
↓ details

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B PHP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB PHPOperating profitB PHPD&AB PHPEBITDAB PHPNet profitB PHPOperating CFB PHPCapex + M&AB PHPAssetsB PHPEquityB PHPROE (annualized)Net debtB PHPSource
2026-06-30Q2 2026 (3M)OK21.3
y/y 2.2%
8.1
y/y 7.0%
—
y/y —
—
y/y —
6.5
y/y 16.3%
——502.5
y/y 4.4%
320.7
y/y 10.6%
8.3%≈ 81.1Link
2026-03-31Q1 2026 (3M)PARTIAL20.5
y/y 3.0%
7.9
y/y 4.2%
1.0
y/y 7.6%
8.9
y/y 4.5%
6.2
y/y 6.1%
4.3-1.0492.8
y/y 4.5%
309.9
y/y 9.3%
8.1%81.1Link
2025-12-31Q4 2025 (3M)OK21.2
y/y -1.2%
8.7
y/y 6.4%
1.0
y/y 7.1%
9.6
y/y 6.4%
6.1
y/y 2.5%
3.3-3.3489.1
y/y 4.1%
303.2
y/y 8.8%
8.0%82.0Link
2025-09-30Q3 2025 (3M)OK20.0
y/y 4.3%
7.4
y/y 9.3%
0.9
y/y 0.7%
8.4
y/y 8.3%
5.2
y/y 1.1%
10.4-5.3485.5
y/y 5.6%
295.7
y/y 6.4%
7.1%83.5Link
2025-06-30Q2 2025 (3M)OK20.8
y/y 9.5%
7.6
y/y 3.1%
0.9
y/y 0.1%
8.5
y/y 2.7%
5.6
y/y 3.5%
4.1-0.8481.2
y/y 5.3%
289.9
y/y 6.5%
7.8%86.3Link
2025-03-31Q1 2025 (3M)PARTIAL19.9
y/y 6.4%
7.6
y/y -1.5%
0.9
y/y -2.0%
8.5
y/y -1.5%
5.8
y/y 32.4%
3.9-1.6471.7
y/y 3.1%
283.7
y/y 7.0%
8.3%87.9Link
2024-12-31Q4 2024 (3M)PARTIAL21.4
y/y —
8.1
y/y —
0.9
y/y —
9.0
y/y —
6.0
y/y —
5.6-0.5469.6
y/y —
278.7
y/y —
7.8%106.2Link
2024-09-30Q3 2024 (3M)OK19.1
y/y 24.1%
6.8
y/y 14.7%
0.9
y/y 6.6%
7.7
y/y 13.6%
5.2
y/y 24.9%
4.1-3.1460.0
y/y 6.1%
277.9
y/y 7.9%
7.5%95.4Link
2024-06-30Q2 2024 (3M)OK19.0
y/y 24.3%
7.4
y/y 23.8%
0.9
y/y 3.9%
8.3
y/y 21.3%
5.4
y/y 42.7%
0.4-4.2457.0
y/y 8.1%
272.2
y/y 9.3%
8.1%95.7Link
2024-03-31Q1 2024 (3M)OK18.7
y/y —
7.7
y/y —
0.9
y/y —
8.6
y/y —
4.4
y/y —
1.3-1.6457.6
y/y —
265.0
y/y —
6.7%52.4Link
2023-12-31Q4 2023 (3M)OK19.8
y/y —
7.0
y/y —
0.9
y/y —
7.9
y/y —
5.3
y/y —
0.0-0.7440.6
y/y —
260.7
y/y —
8.2%50.4Link
2023-09-30Q3 2023 (3M)OK15.4
y/y —
5.9
y/y —
0.9
y/y —
6.8
y/y —
4.1
y/y —
2.2-1.3433.4
y/y —
257.5
y/y —
6.5%42.9Link
2023-06-30Q2 2023 (3M)OK15.3
y/y —
5.9
y/y —
0.9
y/y —
6.8
y/y —
3.8
y/y —
0.7-1.9422.8
y/y —
249.0
y/y —
—46.6Link

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)98 852
− Cash & equivalents17 775
Net debt81 077

Net debt / LTM EBITDA: 2.3x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₱ mln)

05 00010 00015 00020 00025 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-10%0%10%20%30%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) (₱ mln)

-4 000-2 00002 0004 0006 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (₱ mln)

025 00050 00075 000100 000125 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is broadly cash-backed
In a typical year of 2024–2025 operating cash flow came to 0.71x of reported net profit.
year20242025
cash flow / profit0.53x0.90x
accruals, % of assets2.2%0.5%
Last twelve months (to 2026-06-30): 0.92x of profit came back as operating cash flow.
net debt / EBITDA 2.4x · EBIT covers interest 4.4x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +24.4%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (8 871 − 8 487) × 3.98
1 530
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (72 967 + 81 077) ÷ 35 349
4.4x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (4.4 + 10) ÷ 2
7.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 6 837 + 0 + 0 − 0
6 837
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 530 × 7.2 + 6 837) ÷ 72 967
+24.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • capex unavailable — FCF approximated by FY OCF (ended 2025-12-31, before the latest reported period 2026-03-31)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Peer comparison

Group: Real Estate. Each peer is shown as it trades and re-priced onto this company's market (Philippines) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Emaar PropertiesUAE27.64.0x2.3x
Aldar PropertiesUAE16.56.8x3.9x
Ayala LandPhilippines3.44.0x4.0x
MultiplanBrazil2.37.1x6.7x
SM Prime HoldingsPhilippines7.810.5x10.5x
Group median6.8x4.0x
Group average6.5x5.5x
This companyPhilippines1.14.4x4.4x

Group median 6.8x as traded, 4.0x adjusted; this company 4.4x — a 8% premium.

Group average 6.5x as traded, 5.5x adjusted; against the average this company is at a 21% discount. The average sits 36% above the median: SM Prime Holdings (10.5x) skews the group.

At the adjusted group median the market cap would be -15% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.1x, Russia 3.8x, South Africa 5.5x, Kazakhstan 6.2x, India 17.7x, Indonesia 4.6x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-30; the company's own is live.

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Investor reporting (IR): https://www.megaworldcorp.com/investors#reports

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Megaworld Corporation — from primary filings.

Frequently asked questions

What is Megaworld Corporation's P/E ratio?
Megaworld Corporation trades at a P/E of 3.0x (price to trailing 12-month earnings).
What is Megaworld Corporation's EV/EBITDA?
Megaworld Corporation trades at 4.4x EV/EBITDA.
What is Megaworld Corporation's P/B ratio?
Megaworld Corporation trades at a P/B of 0.2x.
What is Megaworld Corporation's dividend yield?
Megaworld Corporation's trailing 12-month dividend yield is 5.2%.
What is Megaworld Corporation's return on equity (ROE)?
Megaworld Corporation's ROE is 8.3%.
What is Megaworld Corporation's market capitalization?
Megaworld Corporation's market cap is 73.0 bn PHP.

See also: Philippine Stocks (2026): Where the Value Really Is (and the Traps) · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map