Valuation SM Prime Holdings, Inc.

Equities

Market Closed - Philippines S.E. Other stock markets 01:59:56 2025-12-05 am EST			5-day change	1st Jan Change
22.35 ^PHP	+0.90%		-2.83%	-11.13%

Nov. 26	SM Prime invests 3.6 bln pesos for SMX Seaside Cebu	RE
Nov. 24	SM Prime says Costa del Hamilo invests 3 billion pesos to build eco-resort community in Batangas	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,111,850	978,232	1,024,403	949,362	726,313	644,296	-	-
Change	-	-12.02%	4.72%	-7.33%	-23.49%	-11.29%	-	-
Enterprise Value (EV) ¹	1,353,658	1,252,175	1,334,740	1,284,203	1,084,987	1,033,767	1,055,339	1,079,619
Change	-	-7.5%	6.59%	-3.79%	-15.51%	-4.72%	2.09%	2.3%
P/E ratio	61.7x	44.9x	34x	23.7x	15.9x	13.3x	12.5x	11.9x
PBR	3.59x	2.94x	2.82x	2.4x	1.68x	1.39x	1.27x	1.18x
PEG	-	2.1x	0.9x	0.7x	1.1x	2.08x	1.89x	2.74x
Capitalization / Revenue	13.6x	11.9x	9.68x	7.41x	5.17x	4.41x	4.14x	3.91x
EV / Revenue	16.5x	15.2x	12.6x	10x	7.73x	7.07x	6.79x	6.54x
EV / EBITDA	34.3x	29x	21.8x	17.3x	13.2x	11.8x	11.2x	10.9x
EV / EBIT	46.6x	38.6x	27.1x	21x	15.9x	14.4x	13.7x	13.3x
EV / FCF	-66.1x	-142x	-331x	-591x	-445x	114x	17.1x	16.7x
FCF Yield	-1.51%	-0.7%	-0.3%	-0.17%	-0.22%	0.88%	5.85%	5.97%
Dividend per Share ²	0.185	0.082	0.097	0.237	0.346	0.4319	0.4496	0.4739
Rate of return	0.48%	0.24%	0.27%	0.72%	1.38%	1.93%	2.01%	2.12%
EPS ²	0.624	0.755	1.043	1.387	1.581	1.682	1.794	1.872
Distribution rate	29.6%	10.9%	9.3%	17.1%	21.9%	25.7%	25.1%	25.3%
Net sales ¹	81,899	82,315	105,786	128,098	140,391	146,157	155,477	164,974
EBITDA ¹	39,416	43,107	61,088	74,083	82,167	87,277	93,822	98,916
EBIT ¹	29,074	32,415	49,243	61,279	68,037	71,892	76,798	80,960
Net income ¹	18,007	21,787	30,100	40,011	45,632	48,559	51,656	54,024
Net Debt ¹	241,807	273,942	310,337	334,841	358,674	389,470	411,043	435,323
Reference price ²	38.50	33.90	35.50	32.90	25.15	22.35	22.35	22.35
Nbr of stocks (in thousands)	28,879,232	28,856,412	28,856,412	28,856,000	28,879,232	28,827,578	-	-
Announcement Date	2/28/21	3/1/22	3/1/23	2/29/24	3/3/25	-	-	-

¹PHP in Million²PHP

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
SM PRIME HOLDINGS, INC.	13.17x	6.96x	11.68x	1.92%	10.8B
SUN HUNG KAI PROPERTIES LIMITED	12.75x	4.21x	11.73x	3.81%	36.73B
EMAAR PROPERTIES	7.74x	1.29x	2.55x	7.47%	32.85B
MITSUI FUDOSAN CO., LTD.	18.29x	3.47x	17.16x	1.91%	32B
MITSUBISHI ESTATE CO., LTD.	22.29x	4.23x	17.47x	1.27%	28.87B
CHINA RESOURCES LAND LIMITED	7.44x	1.23x	6.65x	4.81%	27.09B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	16.44x	6.93x	19.55x	1.15%	22.46B
DLF LIMITED	40.56x	18.14x	58.94x	0.91%	19.55B
Average	17.33x	5.81x	18.22x	2.91%	26.29B
Weighted average by Cap.	16.43x	4.99x	16.48x	3.22%