SM Investments Corporation (SVTMF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SM Investments Corporation $18.97, price $8.00, upside +137.1%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 3, 2026.
How to read this chart
60‑month range $1.70 – $21.49 · fair‑value band $13.02 – $23.71 · the $8.00 price screens below the $18.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 3, 2026.
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SM Investments Corporation, together with its subsidiaries, invests in retail, banking, and property businesses in the Philippines. It operates through Property, Retail, Banking, and Portfolio Investments segments.
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SM Investments Corporation, together with its subsidiaries, invests in retail, banking, and property businesses in the Philippines. It operates through Property, Retail, Banking, and Portfolio Investments segments. The Property segment operates malls, hotels, and convention centers; leasing of commercial spaces; and the development of integrated communities comprising residential, lifestyle, retail, commercial, and leisure properties. The Retail segment engages in the retail and wholesale trading of merchandise, including dry goods, wearing apparel, food, and other consumer products. The Banking segment offers lending and deposit-taking products; trust and investments; credit cards; and foreign exchange, brokering, corporate cash management, remittances, leasing and financing, private banking, rural banking, life insurance, insurance brokerage, thrift bank, and stock brokerage services. The Portfolio Investments segment develops resort destinations and leisure properties; engages in metallic mineral exploration and mining activities; develops commercial office buildings; and provides shipping and logistic solutions. This segment also develops and operates dormitories; develops and operates community malls; provides baked goods and home cooked food; offers end-to-end logistics solutions and express courier services; and operates geothermal steam fields. It is also involved in leasing of office buildings business. SM Investments Corporation was founded in 1958 and is based in Pasay City, the Philippines.
Stock analysis
SM Investments Corporation (SVTMF) currently trades at $8.00, while our model-based Fair Value estimate is $18.97, implying the stock looks roughly 57.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $23.50 per share, and 22 of the 26 models we run sit above the $8.00 price.
Bear case: the Dividend Discount group reads lowest at $6.09, and 4 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $13.02 (bear) to $23.71 (bull), the price of $8.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SM Investments Corporation reported revenue of 626B PHP in FY2025 versus 432B PHP in FY2021, a compound +9.7%/yr. Reported net income was 90.2B PHP in FY2025, compounding +22.2%/yr from FY2021.
Key figures
Market cap $12.6B · P/E ratio 6.4 · P/S ratio 0.92 · EPS (TTM) $1.25 · Dividend yield 2.7% · Net margin 14.4% · Return on equity 13.5% · Return on assets (EBIT) 10.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and at its 52-week low.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 137%, SVTMF screens cheaper than that median.
Fair Value models
Bear $13.02Fair Value $18.97Bull $23.71
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years), in PHP ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in PHP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.1%
Dividend (yield on the price)2.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.1% vs 11.9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 17%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in PHP, Philippines: IMF forecast 3.3% a year to 2030, 3.5% from 2016 to 2025) that is about −10.8% a year for the price and +3.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (22 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare SM Investments Corporation with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Department Stores · 105 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+32.5% · Above median
Profitability
Return on equity (TTM)13.5% · Top 25%
Return on assets5.8% · Top 25%
Net margin (TTM)13.3% · Top 25%
Operating margin (TTM)24.1% · Top 25%
Growth and dividend
Revenue growth4.9% · Above median
Dividend yield (TTM)2.7% · Above median
Balance sheet
Debt / equity0.56× · Highest 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
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Is SM Investments Corporation (SVTMF) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $18.97 versus a price of $8.00, about +137% upside (undervalued).
What is the fair value of SVTMF?
Our model-based fair value for SM Investments Corporation is $18.97 (as of Oct 3, 2026), built from audited fundamentals. The current price: $8.00.
What is the quality score of SVTMF?
SM Investments Corporation has a Quality Score of 57/100. 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 price target for SM Investments Corporation (SVTMF)?
Our model-based price target is the fair value of $18.97 (as of Oct 3, 2026) from 26 valuation models. Cautious scenario $13.02, optimistic scenario $23.71. It is a calculation from audited fundamentals, not an analyst target.
What is the SM Investments Corporation stock forecast for 2026?
Our models put fair value at $18.97, about +137% upside versus a price of $8.00 (undervalued). Cautious scenario $13.02, optimistic scenario $23.71. The calculation is refreshed regularly with new filings.
What is the revenue of SM Investments Corporation (SVTMF)?
SM Investments Corporation reported trailing-twelve-month revenue of about 689B PHP (latest available figure, as of Oct 3, 2026).
Does SM Investments Corporation pay a dividend?
SM Investments Corporation currently shows a dividend yield of about 2.69% relative to its recent price (as of Oct 3, 2026).
What growth is priced into SM Investments Corporation (SVTMF)?
For today's price to be fair in a discounted-cash-flow model, SM Investments Corporation would have to grow free cash flow by -7.8 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.5 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of SVTMF use?
Our models discount SM Investments Corporation at 8.1 %: a base by market capitalisation (large), damped by beta 0.48, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SM Investments Corporation that is -7.8 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has SM Investments Corporation (SVTMF) delivered so far?
Over the past 5 years revenue at SM Investments Corporation grew +9.5 % a year. The price currently implies -7.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SM Investments Corporation (SVTMF) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into SM Investments Corporation (-7.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SM Investments Corporation (SVTMF)?
The free-cash-flow yield on the price is 17.60 %: that much free cash flow SM Investments Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SM Investments Corporation (SVTMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SM Investments Corporation it is $18.97 per share (as of Oct 3, 2026), against a price of $8.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is SM Investments Corporation stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SVTMF trades below its calculated fair value: price $8.00, fair value $18.97, a gap of about +137% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SVTMF?
No. The price is what the market pays today ($8.00); the fair value is what the company's own numbers justify ($18.97). For SM Investments Corporation the two are $10.97 per share apart. That gap is exactly why we show both numbers side by side.
How much is SM Investments Corporation worth?
The market values SM Investments Corporation at about $12.6B (market capitalisation, as of Oct 3, 2026). Per share that is $8.00; our models calculate a fair value of $18.97 per share.
What do the bullish and bearish scenarios say about SVTMF?
Our models span a range for SM Investments Corporation: cautious scenario $13.02, base $18.97, optimistic $23.71 per share (as of Oct 3, 2026, price $8.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SVTMF?
SM Investments Corporation trades at a price-to-earnings ratio of 6.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.97 is built from several models across several years. Other multiples: P/B 1.1, P/S 1.1, EV/EBITDA 5.8.
How solid is the balance sheet of SM Investments Corporation (SVTMF)?
Balance-sheet figures for SM Investments Corporation (as of Oct 3, 2026): return on equity 13.5%, debt of 0.56 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is SVTMF from its 52-week high?
SM Investments Corporation trades at $8.00, about 37% below its 52-week high of $12.64 and at the low of $8.00 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $18.97 is for.
Which stocks are comparable to SM Investments Corporation?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SM Investments Corporation stock attractive at the current price?
The data as of Oct 3, 2026: price $8.00, calculated fair value $18.97 (+137%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SVTMF calculated?
We run SM Investments Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $18.97, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. SM Investments Corporation currently trades 58 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SM Investments Corporation (SVTMF)?
The closing price on Oct 2, 2026 was $8.00. Our model-based fair value is $18.97, about +137% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SM Investments Corporation right now?
The price is below even our cautious bear case ($13.02). The market is more pessimistic than our downside scenario. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($13.02 to $23.71) leaves room in how you read the outcome.
Where does the earnings growth of SM Investments Corporation (SVTMF) come from?
Earnings per share at SM Investments Corporation grew +12.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.1 %, EBIT margin +4.2 %, tax rate +1.2 %, residual (interest, one-offs) −0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of SM Investments Corporation
How large is the market capitalisation of SM Investments Corporation (SVTMF)?
The market capitalisation of SM Investments Corporation is $12.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SM Investments Corporation (SVTMF)?
The price-to-sales ratio of SM Investments Corporation is 0.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SM Investments Corporation (SVTMF)?
Earnings per share at SM Investments Corporation are $1.25 (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SM Investments Corporation (SVTMF)?
The dividend yield of SM Investments Corporation is 2.7% (payout 17.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SM Investments Corporation (SVTMF)?
The net margin of SM Investments Corporation is 14.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SM Investments Corporation (SVTMF)?
The return on equity (ROE) of SM Investments Corporation is 13.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SM Investments Corporation (SVTMF)?
On an EBIT basis the return on assets of SM Investments Corporation is 10.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SM Investments Corporation (SVTMF)?
The operating margin of SM Investments Corporation is 24.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SM Investments Corporation (SVTMF)?
Revenue at SM Investments Corporation is growing +4.9% versus a year earlier (3y avg +4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SM Investments Corporation (SVTMF)?
Earnings per share at SM Investments Corporation are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SM Investments Corporation (SVTMF) carry?
The net debt of SM Investments Corporation is 447B PHP (fiscal year 2025, ≈ 4.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 3, 2026