Megaworld Corp
Megaworld Corp operates in Real Estate Development.
Megaworld Corp (MEG) - Net Assets
Latest net assets as of September 2023: ₱224.81 Billion PHP
Based on the latest financial reports, Megaworld Corp (MEG) has net assets worth ₱224.81 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱433.36 Billion) and total liabilities (₱208.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₱224.81 Billion |
| % of Total Assets | 51.88% |
| Annual Growth Rate | 8.27% |
| 5-Year Change | 27.69% |
| 10-Year Change | N/A |
| Growth Volatility | 3.84 |
Megaworld Corp - Net Assets Trend (2014–2022)
This chart illustrates how Megaworld Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Megaworld Corp (2014–2022)
The table below shows the annual net assets of Megaworld Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱209.23 Billion | +5.22% |
| 2021-12-31 | ₱198.84 Billion | +7.21% |
| 2020-12-31 | ₱185.46 Billion | +3.92% |
| 2019-12-31 | ₱178.46 Billion | +8.92% |
| 2018-12-31 | ₱163.85 Billion | +16.12% |
| 2017-12-31 | ₱141.11 Billion | +12.45% |
| 2016-12-31 | ₱125.48 Billion | +7.53% |
| 2015-12-31 | ₱116.69 Billion | +5.31% |
| 2014-12-31 | ₱110.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Megaworld Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 148.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱155.46 Billion | 74.30% |
| Common Stock | ₱32.37 Billion | 15.47% |
| Other Components | ₱21.39 Billion | 10.22% |
| Total Equity | ₱209.23 Billion | 100.00% |
Megaworld Corp Competitors by Market Cap
The table below lists competitors of Megaworld Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Keepers Holdings Inc
PSE:KEEPR
|
$340.35 |
|
El Arabia Engineering Industries
EGX:EEII
|
$340.42 |
|
Seafront Resources Corp
PSE:SPM
|
$340.68 |
|
Max’s Group Inc
PSE:MAXS
|
$340.88 |
|
BYRRF
PINK:BYRRF
|
$338.65 |
|
Amer Group Holding
EGX:AMER
|
$337.90 |
|
CNRCF
OTCGREY:CNRCF
|
$337.88 |
|
CADILLAC VENTURES
BE:CIV
|
$337.52 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Megaworld Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 198,838,867,470 to 209,226,173,730, a change of 10,387,306,260 (5.2%).
- Net income of 13,455,475,830 contributed positively to equity growth.
- Dividend payments of 1,911,107,950 reduced retained earnings.
- Share repurchases of 1,165,923,760 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱13.46 Billion | +6.43% |
| Dividends Paid | ₱1.91 Billion | -0.91% |
| Share Repurchases | ₱1.17 Billion | -0.56% |
| Other Changes | ₱8.86 Million | +0.0% |
| Total Change | ₱- | 5.22% |
Book Value vs Market Value Analysis
This analysis compares Megaworld Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.54x to 0.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱3.89 | ₱2.11 | x |
| 2017-12-31 | ₱4.38 | ₱2.11 | x |
| 2018-12-31 | ₱5.08 | ₱2.11 | x |
| 2019-12-31 | ₱5.54 | ₱2.11 | x |
| 2020-12-31 | ₱5.81 | ₱2.11 | x |
| 2021-12-31 | ₱6.24 | ₱2.11 | x |
| 2022-12-31 | ₱6.65 | ₱2.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Megaworld Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.60%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.96x
- Recent ROE (6.43%) is below the historical average (9.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 19.15% | 40.19% | 0.24x | 1.99x | ₱10.14 Billion |
| 2015 | 8.75% | 22.77% | 0.18x | 2.16x | ₱-1.45 Billion |
| 2016 | 9.03% | 24.28% | 0.17x | 2.22x | ₱-1.22 Billion |
| 2017 | 9.32% | 26.29% | 0.18x | 2.01x | ₱-965.29 Million |
| 2018 | 9.28% | 26.53% | 0.18x | 1.97x | ₱-1.18 Billion |
| 2019 | 10.05% | 26.62% | 0.19x | 1.96x | ₱85.01 Million |
| 2020 | 5.33% | 22.71% | 0.12x | 2.03x | ₱-8.66 Billion |
| 2021 | 6.76% | 26.47% | 0.13x | 2.00x | ₱-6.45 Billion |
| 2022 | 6.43% | 22.60% | 0.15x | 1.96x | ₱-7.47 Billion |
Industry Comparison
This section compares Megaworld Corp's net assets metrics with peer companies in the Real Estate Operations industry.
Industry Context
- Industry: Real Estate Operations
- Average net assets among peers: $6,509,544,787
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Megaworld Corp (MEG) | ₱224.81 Billion | 19.15% | 0.93x | $338.66 |
| ArthaLand Corp (ALCO) | $5.24 Billion | 6.36% | 1.35x | $73.64 |
| ArthaLand Corp Preferred Series D (ALCPD) | $5.11 Billion | 16.44% | 0.97x | $81.17K |
| Anchor Land Holdings Inc (ALHI) | $9.19 Billion | 5.63% | 3.26x | $747.44 |
| Altus Property Ventures Inc (APVI) | $585.17 Million | 11.02% | 0.17x | $1.35K |
| ATN Holdings Inc B (ATNB) | $2.13 Billion | 14.46% | 0.47x | $72.65 |
| Belle Corp (BEL) | $26.47 Billion | 10.00% | 0.61x | $207.65 |
| A Brown Company Inc (BRN) | $5.97 Billion | 6.66% | 0.44x | $136.11 |
| Cityland Development Corp (CDC) | $6.74 Billion | 7.20% | 0.44x | $90.80 |
| Crown Equities Inc (CEI) | $2.14 Billion | 2.37% | 0.17x | $12.26 |
| Cebu Landmasters Inc (CLI) | $1.52 Billion | 51.08% | 2.34x | $380.70 |