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ATN Fair Value & Analysis

Real Estate · PH · Market cap 2.5B PHP

A ATN ATN · PSE
Price0.4150 PHP
Fair Value0.6100 PHP
Upside+47.0%
Quality36/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt
Ranks above peers (6/8)
Narrow moat 21/100
Evidence: Medium Range 0.6100 PHP – 1.23 PHP Share as image

Fair value as of: Jul 10, 2026

From 7 valuation models · updated 31 days ago

Below-average quality, screening 47% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.6100 PHP). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.6100 PHP to 1.23 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)

1.07 PHP 0.3450 PHP Fair Value 0.6100 PHP Jul 2020 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

60‑month range 0.3450 PHP – 1.07 PHP · fair‑value band 0.6100 PHP – 1.23 PHP · the 0.4150 PHP price screens below the 0.6100 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

ATN (ATN) currently trades at 0.4150 PHP, while our model-based Fair Value estimate is 0.6100 PHP, implying the stock looks roughly 47.0% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Our scenario range runs from 0.6100 PHP (bear case) to 1.23 PHP (bull case); at 0.4150 PHP, the current price sits below 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 23% below its 52-week high and 4% above its 52-week low. For context, the median of 10 Real Estate peers we cover trades at 62% fair-value upside, at 47%, ATN 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.0100 PHP to 0.2800 PHP). Read the values as a conservative anchor, not as a price target.
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
Residual Income 0.2700 PHP 0.2500 PHP 0.1600 PHP 61
P/S Multiple 0.0100 PHP 0.0100 PHP 0.0100 PHP 58
P/B Multiple 0.0100 PHP 0.0100 PHP 0.0100 PHP 55
All 7 models by family
Multiples
P/S Multiple 0.0100 PHP 0.0100 PHP 0.0100 PHP 58
P/B Multiple 0.0100 PHP 0.0100 PHP 0.0100 PHP 55
EV/EBIT 0.0200 PHP 0.0300 PHP 0.0300 PHP 53
EV/EBITDA 0.0300 PHP 0.0400 PHP 0.0500 PHP 54
EV/Revenue 0.0100 PHP 0.0200 PHP 0.0200 PHP 43
Asset-Based
NCAV (Graham) 0.2100 PHP 0.2800 PHP 0.4200 PHP 50
Economic Profit
Residual Income 0.2700 PHP 0.2500 PHP 0.1600 PHP 61

Widest divergence: Asset-Based (0.2800 PHP) versus Multiples (0.0200 PHP). Highest evidence: Residual Income (61).

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Quality Score breakdown

Overall quality 36/100

Of which business quality 36 · Market factors (momentum, volatility) 35

Profitability 14
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 40
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

ATN reported revenue of 40.3M PHP in FY2024 versus 18.6M PHP in FY2020, a compound +21.4%/yr. Reported net income was 2.5M PHP in FY2024.

Growth Quality 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
40.3M PHP
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.
+5.1%
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.
+6.9%
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.
+10.0%
Revenue +21.4%/yr
FY20 18.6M PHP
FY21 34.7M PHP
FY22 41.1M PHP
FY23 12.1M PHP
FY24 40.3M PHP
Net income
FY20 −4.0M PHP
FY21 2.6M PHP
FY22 −3.1M PHP
FY23 −7.2M PHP
FY24 2.5M PHP

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

Peer Group

Real Estate Operations · 38 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 37 · Bottom 25%
Fair Value upside +47% · Below median
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 0.00× · Lower than 75% of peers

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 96 · sector 100
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 100 · 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 Jul 10, 2026).

Stock Price Fair Value vs Fair Value
SMPH SMPH 18.24 PHP 17.53 PHP -4%
ALI ALI 16.00 PHP 19.27 PHP +20%
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 5.83 PHP +17%
FLI FLI 0.7000 PHP 1.75 PHP +150%
SLI SLI 2.08 PHP 5.20 PHP +150%
PT Rimo International Lestari Tbk RIMO 50.00 IDR 80.85 IDR +62%
BEL BEL 1.21 PHP 3.03 PHP +150%

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Frequently asked questions

Is ATN overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 0.6100 PHP versus a price of 0.4150 PHP, about +47% (undervalued).
What is the fair value of ATN?
Our model-based fair value for ATN is 0.6100 PHP (as of Jul 10, 2026), built from audited fundamentals. The current price is 0.4150 PHP.
What is the quality score of ATN?
ATN has a Quality Score of 36/100. 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 ATN?
The net profit margin of ATN 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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