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Manila Water CoPHS:MWC +1.84%86 Intrinsic Value: Projected FCF is ₱25.51 as of Aug. 23, 2026, which is 100% below its 10-year median of 1.18. GuruFocus rates PHS:MWC with a GF Score™ of 86/100 and a GF Value™ of ₱35.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 378 Utilities - Regulated companies, Manila Water Co ranks worse than 64.29% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-23), Manila Water Co's Intrinsic Value: Projected FCF is ₱25.51. The stock price of Manila Water Co is ₱35.95. Therefore, Manila Water Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.4.
The historical rank and industry rank for Manila Water Co's Intrinsic Value: Projected FCF or its related term are showing as below:
PHS:MWC'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.32 Med: 1.18 Max: 2.42
Current: 1.41
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Manila Water Co was 2.42. The lowest was 0.32. And the median was 1.18.
PHS:MWC's Price-to-Projected-FCF is ranked worse than 64.29% of 378
companies
in the Utilities - Regulated industry
Industry Median: 1.01
vs PHS:MWC: 1.41
Manila Water Co (PHS:MWC) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Manila Water Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
35.95
/
25.508695178631
=
1.41
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manila Water Co Intrinsic Value: Projected FCF Related Terms
Manila Water Co Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Manila Water Co's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manila Water Co Intrinsic Value: Projected FCF Chart
PHS:MWC vs AWK, WTRG, AWR: Intrinsic Value: Projected FCF Comparison
For the Utilities - Regulated Water subindustry, Manila Water Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manila Water Co Price-to-Projected-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Manila Water Co's Price-to-Projected-FCF falls into.
Manila Water Co Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of ₱25.51 mean?
Manila Water Co (PHS:MWC) has a Intrinsic Value: Projected FCF of ₱25.51 as of Aug. 23, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Manila Water Co and its competitors. This is 2062% above median its historical median of 1.18. Over the past decade, Manila Water Co's Intrinsic Value: Projected FCF has ranged from 0.32 to 2.42. According to the industry distribution chart, Manila Water Co ranks #243 out of 378 companies in the Utilities - Regulated industry, placing it in the top 64.3%.
Is Manila Water Co's Intrinsic Value: Projected FCF too high?
Manila Water Co's current Intrinsic Value: Projected FCF of ₱25.51 is 2062% above median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 2.42. Based on the distribution chart, Manila Water Co ranks #243 out of 378 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Manila Water Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's Intrinsic Value: Projected FCF compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Manila Water Co ranks #243 out of 378 companies for Intrinsic Value: Projected FCF. This places Manila Water Co in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.01. Historically, Manila Water Co's own Intrinsic Value: Projected FCF has ranged from 0.32 to 2.42 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Utilities - Regulated company?
The median Intrinsic Value: Projected FCF among Utilities - Regulated companies is 1.01, based on 378 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Manila Water Co and its competitors. For the Utilities - Regulated industry, the median Intrinsic Value: Projected FCF is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Water Co's current Intrinsic Value: Projected FCF is ₱25.51, which is 2062% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Water Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Water Co (PHS:MWC) is currently considered Fairly Valued. The stock's GF Value™ is ₱35.73, compared to a current price of ₱35.95 — trading 0.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is ₱25.51, which is 2062% above median its 10-year median of 1.18. Manila Water Co's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Manila Water Co (PHS:MWC), the current Intrinsic Value: Projected FCF is ₱25.51 as of Aug. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Manila Water Co (PHS:MWC) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Water Co stock appears to be overvalued.
The current stock price of ₱35.95 is trading 0.6% above its estimated GF Value™ of ₱35.73.
GuruFocus considers Manila Water Co to be Fairly Valued.
Key valuation signals for PHS:MWC:
Intrinsic Value: Projected FCF: ₱25.51 (2062% above median its 10-year median of 1.18)
GF Value™: ₱35.73 vs. price of ₱35.95 (0.6% above fair value)
No single metric tells the full story. See the PHS:MWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Water Co Inc holds the exclusive right to provide water and used water services in the East Zone of Metro Manila under a concession agreement with the Metropolitan Waterworks and Sewerage System. The company delivers water treatment, distribution, sewerage, and sanitation services to a large population across residential, commercial, and industrial customers. Its service area covers several cities and municipalities in Metro Manila and nearby parts of Rizal, including urban centers such as Makati, Pasig, Quezon City, Taguig, and Marikina, along with surrounding towns.
86GF Score
Get the complete analysis for PHS:MWC
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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