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SMPH Fair Value & Analysis

Real Estate · PH · Market cap 807B PHP

S SMPH SMPH · PSE
Price18.24 PHP
Fair Value17.53 PHP
Upside-3.9%
Quality63/100
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Mixed Growth
Thin margins · 0.0% net margin
Moderate debt
Ranks above peers (6/9)
Wide moat 67/100
Evidence: High Range 9.32 PHP – 21.91 PHP Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated yesterday

Share price +2.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (9.32 PHP to 21.91 PHP) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

37.42 PHP 17.60 PHP Fair Value 17.53 PHP Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 17.60 PHP – 37.42 PHP · fair‑value band 9.32 PHP – 21.91 PHP · the 18.24 PHP price screens above the 17.53 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SMPH (SMPH) currently trades at 18.24 PHP, while our model-based Fair Value estimate is 17.53 PHP, implying the stock looks roughly 3.9% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

The stock trades on a trailing P/E of 27.6 (as of Jul 10, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from 9.32 PHP (bear case) to 21.91 PHP (bull case); at 18.24 PHP, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 3% above its 52-week low. For context, the median of 10 Real Estate peers we cover trades at 150% fair-value upside, at -4%, SMPH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 13.74 PHP 28.82 PHP 55.39 PHP 80
Residual Income 8.86 PHP 10.15 PHP 19.53 PHP 76
Rev-Margin DCF 9.40 PHP 19.87 PHP 33.05 PHP 74
All 16 models by family
DCF Models
FCF DCF 13.70 PHP 29.45 PHP 57.23 PHP 38
5Y Revenue Exit 9.40 PHP 20.01 PHP 34.09 PHP 39
5Y EBITDA Exit 15.02 PHP 31.32 PHP 51.43 PHP 41
10Y Revenue Exit 10.18 PHP 20.76 PHP 36.29 PHP 36
10Y EBITDA Exit 14.44 PHP 29.13 PHP 50.80 PHP 37
Dividend Discount
Gordon GGM 2.27 PHP 4.95 PHP 8.33 PHP 70
DDM Multi-Stage 2.27 PHP 4.06 PHP 5.16 PHP 61
Multiples
P/S Multiple 13.15 PHP 17.53 PHP 21.91 PHP 58
P/B Multiple 13.15 PHP 17.53 PHP 21.91 PHP 55
EV/EBIT 19.07 PHP 27.52 PHP 35.98 PHP 53
EV/EBITDA 17.63 PHP 25.61 PHP 33.59 PHP 54
EV/Revenue 7.69 PHP 13.68 PHP 19.68 PHP 43
Asset-Based
NCAV (Graham) 4.89 PHP 6.56 PHP 9.79 PHP 50
Growth DCF
Growth DCF 13.74 PHP 28.82 PHP 55.39 PHP 80
Rev-Margin DCF 9.40 PHP 19.87 PHP 33.05 PHP 74
Economic Profit
Residual Income 8.86 PHP 10.15 PHP 19.53 PHP 76

Widest divergence: DCF Models (29.13 PHP) versus Dividend Discount (4.06 PHP). Highest evidence: Growth DCF (80).

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Quality Score breakdown

Overall quality 63/100

Of which business quality 59 · Market factors (momentum, volatility) 29

Profitability 41
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

SMPH reported revenue of 140B PHP in FY2024 versus 81.9B PHP in FY2020, a compound +14.4%/yr. Reported net income was 45.6B PHP in FY2024, compounding +26.2%/yr from FY2020.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
140B PHP
Latest YoY
+9.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.5%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.8%
Revenue +14.4%/yr
FY20 81.9B PHP
FY21 82.3B PHP
FY22 106B PHP
FY23 128B PHP
FY24 140B PHP
Net income +26.2%/yr
FY20 18.0B PHP
FY21 21.8B PHP
FY22 30.1B PHP
FY23 40.0B PHP
FY24 45.6B PHP

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Cite: Fair Value Calculator (2026). "SMPH Fair Value". https://www.fairvalue-calculator.com/stock/SMPH

Peer Group

Real Estate Operations · 39 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside −4% · Bottom 25%
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Top 25%
Operating margin (TTM) 0% · Top 25%
Revenue growth 0% · Top 25%
Debt / equity 0.65× · Higher than median

Valuation Multiples vs Real Estate Operations median · lower = cheaper

P/E (TTM) 27.6× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 28 · sector 100
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 67 · sector 89
DIVIDEND 0 · sector 0

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Operations stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
RLC RLC 16.34 PHP 40.85 PHP +150%
DDPR DDPR 93.00 PHP 112.27 PHP +21%
ALLHC ALLHC 1.16 PHP 0.7200 PHP -38%
DMW DMW 5.00 PHP 5.22 PHP +4%
SLI SLI 2.08 PHP 5.20 PHP +150%
PT Rimo International Lestari Tbk RIMO 50.00 IDR 72.09 IDR +44%
SHNG SHNG 3.19 PHP 7.98 PHP +150%
CLI CLI 2.14 PHP 5.35 PHP +150%
GERI GERI 0.6200 PHP 1.55 PHP +150%
ALCPD ALCPD 498.00 PHP 910.19 PHP +83%

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Frequently asked questions

Is SMPH overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 17.53 PHP versus a price of 18.24 PHP, about −4% (fairly valued).
What is the fair value of SMPH?
Our model-based fair value for SMPH is 17.53 PHP (as of Aug 13, 2026), built from audited fundamentals. The current price is 18.24 PHP.
What is the quality score of SMPH?
SMPH has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of SMPH?
The net profit margin of SMPH is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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