How Expensive is Double Dragon (DD) now fundamentally based from their Dec 2016 Annual Report?

DoubleDragon Properties Corp. (DD), formerly Injap Land Corporation, was established on December 9, 2009 to primarily engage in the business of real estate development and other real estate-related business ventures. The Company started commercial operations in November 2010. DD was originally 100%-owned by Injap Investments, Inc. (IJI), a holding company owned by the Sia family. In June 2012, DD became a joint venture between IJI and Honeystar Holdings Corporation, the holding company of the Tan and Ang families. The Securities and Exchange Commission approved the Company's change in name to its present one on August 1, 2012.

DD and its subsidiaries own, lease, and enter into joint venture agreements covering several tracts of land for community malls, office, residential and other types of developments. As of December 31, 2015, DD's subsidiaries include DoubleDragon Sales Corp., One Eleven Property Management Corp, Piccadilly Circus Landing Inc. (PCLI), Double Dragon Property Management Corp., DD Happyhomes Residential Centers, Inc., DD-Meridian Park Development Corp., and CityMall Commercial Centers Inc.

The Company's core projects include CityMall, DD Meridian Park, Jollibee Tower, The SkySuites Tower, Dragon8 Mall, and W.H. Taft Residences. DD also has several projects in Iloilo, namely, Injap Tower, The Uptown Place, People's Condominium, FirstHomes Subdivision, and HappyHomes - Mandurriao. DD also entered into a joint venture agreement with the City Government of Iloilo to construct and operate the Iloilo-Guimaras Ferry Terminal.

As of April 21, 2017, DD was last traded price at PHP 52.25, this is 11.7 times higher compare to their recorded book last Decemeber 2016, quite expensive for most value investor since, a PBV of more than 3 is considered expensive.

In terms of P/E, the company recorded a trailing P/E of 200.96 meaning, for every 1PHP earning last 2016, investors of this company are willing or is paying 200.96Php which is quite expensive. With a 200.96 P/E and with growth rate of 4% from 2015 to 2016, the company trailing PEG ratio would be 50.24 which means, investors of this company are paying 200.96Php for every 1Php income last 2016 for a 4% growth rate from 2015 to 2016. A fair valued stock usually has PEG ratio of 1 meaning, what you are paying for that earning- the P/E is equavalent to the growth rate- increase in EPS.

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