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RLC Fair Value & Analysis

Real Estate · PH · Market cap 76.9B PHP

R RLC RLC · PSE
Price16.34 PHP
Fair Value40.85 PHP
Upside+150.0%
Quality61/100
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Healthy Growth
Thin margins · 0.0% net margin
Low debt
Ranks above peers (8/9)
Moderate moat 60/100
Evidence: High Range 27.57 PHP – 54.09 PHP Share as image

Fair value as of: Jul 10, 2026

From 16 valuation models · updated 31 days ago

Share price +1.4% over the past month.

A solid business, screening 150% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (27.57 PHP). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (27.57 PHP to 54.09 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)

17.94 PHP 9.96 PHP Fair Value 40.85 PHP Feb 2021 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 9.96 PHP – 17.94 PHP · fair‑value band 27.57 PHP – 54.09 PHP · the 16.34 PHP price screens below the 40.85 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

RLC (RLC) currently trades at 16.34 PHP, while our model-based Fair Value estimate is 40.85 PHP, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 61/100 (solid 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: high), always confirm before acting.

The stock trades on a trailing P/E of 9.2. Fundamentals as of Jul 10, 2026

Our scenario range runs from 27.57 PHP (bear case) to 54.09 PHP (bull case); at 16.34 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 10% below its 52-week high and 38% above its 52-week low. For context, the median of 10 Real Estate peers we cover trades at 62% fair-value upside, at 150%, RLC screens cheaper 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 33.36 PHP 53.67 PHP 83.29 PHP 80
Residual Income 30.92 PHP 33.01 PHP 36.49 PHP 76
Rev-Margin DCF 31.24 PHP 54.52 PHP 81.90 PHP 74
All 16 models by family
DCF Models
FCF DCF 32.86 PHP 56.17 PHP 92.61 PHP 38
5Y Revenue Exit 31.24 PHP 54.61 PHP 84.73 PHP 39
5Y EBITDA Exit 48.29 PHP 87.08 PHP 133.10 PHP 41
10Y Revenue Exit 30.27 PHP 51.93 PHP 81.66 PHP 36
10Y EBITDA Exit 42.40 PHP 74.69 PHP 119.20 PHP 37
Dividend Discount
Gordon GGM 12.50 PHP 25.99 PHP 41.22 PHP 70
DDM Multi-Stage 12.50 PHP 21.49 PHP 27.27 PHP 61
Multiples
P/S Multiple 36.51 PHP 48.68 PHP 60.85 PHP 58
P/B Multiple 36.51 PHP 48.68 PHP 60.85 PHP 55
EV/EBIT 62.79 PHP 85.73 PHP 108.67 PHP 53
EV/EBITDA 63.62 PHP 86.84 PHP 110.06 PHP 54
EV/Revenue 31.93 PHP 48.20 PHP 64.46 PHP 43
Asset-Based
NCAV (Graham) 18.66 PHP 25.00 PHP 37.31 PHP 50
Growth DCF
Growth DCF 33.36 PHP 53.67 PHP 83.29 PHP 80
Rev-Margin DCF 31.24 PHP 54.52 PHP 81.90 PHP 74
Economic Profit
Residual Income 30.92 PHP 33.01 PHP 36.49 PHP 76

Widest divergence: DCF Models (56.17 PHP) versus Dividend Discount (21.49 PHP). Highest evidence: Growth DCF (80).

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Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 61

Profitability 40
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 94
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

FY2021 – FY2025 · reported fiscal years

RLC reported revenue of 48.5B PHP in FY2025 versus 36.5B PHP in FY2021, a compound +7.3%/yr. Reported net income was 13.5B PHP in FY2025, compounding +13.7%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
48.5B PHP
Latest YoY
+13.2%
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.
+2.2%
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.
+13.8%
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.
+9.4%
Revenue +7.3%/yr
FY21 36.5B PHP
FY22 45.5B PHP
FY23 42.0B PHP
FY24 42.9B PHP
FY25 48.5B PHP
Net income +13.7%/yr
FY21 8.1B PHP
FY22 9.7B PHP
FY23 12.1B PHP
FY24 13.2B PHP
FY25 13.5B PHP

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

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 62 · Above median
Fair Value upside +150% · Top 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 0.19× · Lower than median

Valuation Multiples vs Real Estate Operations median · lower = cheaper

P/E (TTM) 9.2× · 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 100 · sector 100
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 90 · 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%
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%
SHNG SHNG 3.19 PHP 7.98 PHP +150%

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Frequently asked questions

Is RLC overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 40.85 PHP versus a price of 16.34 PHP, about +150% (undervalued).
What is the fair value of RLC?
Our model-based fair value for RLC is 40.85 PHP (as of Jul 10, 2026), built from audited fundamentals. The current price is 16.34 PHP.
What is the quality score of RLC?
RLC has a Quality Score of 61/100. 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 RLC?
The net profit margin of RLC 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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