Company Valuation: Global-Estate Resorts, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 10,107 11,096 10,217 10,437 7,031 7,580
Change - 9.78% -7.92% 2.15% -32.63% 7.81%
Enterprise Value (EV) 1 14,961 16,160 16,683 18,825 15,270 16,042
Change - 8.02% 3.24% 12.84% -18.88% 5.06%
P/E 9.58x 8.78x 5.74x 5.69x 3.95x 3.94x
PBR 0.35x 0.37x 0.32x 0.31x 0.21x 0.21x
PEG - 0.4x 0.1x 1.84x -1.32x 0.49x
Capitalization / Revenue 2.07x 2.44x 1.46x 1.32x 0.91x 0.97x
EV / Revenue 3.07x 3.55x 2.39x 2.39x 1.98x 2.06x
EV / EBITDA 7.23x 9.16x 5.36x 6.03x 5.71x 5.08x
EV / EBIT 8.42x 11.1x 5.9x 6.62x 6.46x 5.63x
EV / FCF -12.6x 27x -10.9x -30.3x 57.7x -164x
FCF Yield -7.94% 3.71% -9.2% -3.3% 1.73% -0.61%
Dividend per Share 2 - - 0.0113 - - -
Rate of return - - 1.21% - - -
EPS 2 0.096 0.115 0.162 0.167 0.162 0.175
Distribution rate - - 6.97% - - -
Net sales 1 4,873 4,552 6,983 7,891 7,715 7,799
EBITDA 1 2,071 1,764 3,112 3,124 2,673 3,157
EBIT 1 1,776 1,454 2,828 2,846 2,362 2,852
Net income 1 1,087 1,311 1,792 1,840 1,781 1,925
Net Debt 1 4,854 5,064 6,466 8,388 8,239 8,462
Reference price 2 0.9200 1.0100 0.9300 0.9500 0.6400 0.6900
Nbr of stocks (in thousands) 10,986,000 10,986,000 10,986,000 10,986,000 10,986,000 10,986,000
Announcement Date 4/26/21 4/11/22 4/14/23 4/12/24 4/11/25 3/30/26
1PHP in Million2PHP
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 107M
15.72x4.95x13.32x3.23% 44.72B
8.68x1.5x7.67x4.06% 30.54B
20.21x4.18x17.06x1.23% 29.77B
5.64x0.62x1.27x8.93% 26.95B
14.76x3.15x15.12x2.38% 26.23B
9.15x2.36x7.27x3.81% 21.58B
14.97x6.82x18.24x1.42% 21.05B
7.83x0.87x3.16x2.85% 20.04B
10.26x1.65x14.29x3.68% 18.7B
Average 11.91x 2.90x 10.82x 3.51% 23.97B
Weighted average by Cap. 12.40x 3.06x 11.02x 3.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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