Megawide Construction Corporation Business Overview

Megawide Construction Corporation is one of the largest construction companies in the Philippines.

Megawide was founded in 2005 by Edgar Saavedra and Rafael Yap.

The company is headquartered in Makati, Metro Manila.

Megawide is known for its expertise in delivering high-profile projects, such as the Mactan-Cebu International Airport Expansion Project.

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Megawide's financial performance has been impressive, with the company reporting a net income of P1.4 billion in 2020, a significant increase from P1.1 billion in 2019. This growth is a testament to their solid business operations.

Their revenue has consistently increased over the years, reaching P13.6 billion in 2020, up from P10.8 billion in 2019. This steady growth is a result of their diversified business portfolio, which includes construction, infrastructure development, and real estate.

Megawide's financial stability is also reflected in their strong cash reserves, which stood at P4.4 billion as of 2020. This ensures that the company can weather any financial storms and continue to invest in its growth initiatives.

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Megawide Construction's share price has been quite the rollercoaster ride over the past year, with a 1 Year Change of 27.80%. Its 52 Week High of ₱3.69 is a notable peak, but it's also worth noting that the share price has dipped as low as ₱1.88.

The company's beta of 0.47 suggests that its stock price is less volatile compared to the market as a whole. However, over the past 3 months, Megawide's share price has been more volatile compared to the PH market, with a 3 Month Change of 65.50%.

Here's a brief rundown of Megawide's price performance over the past year:

Megawide's share price has been stable over the past year, with a weekly volatility of 9%. However, this is still higher than 75% of PH stocks.

Analysts have reduced their estimate of the company's earnings per share (EPS) to a loss of PHP 0.39, a significant decrease from their previous estimate.

This revision is likely due to the company's struggling financial performance, which has been impacted by various factors such as declining revenue and increased expenses.

The analysts' new estimate suggests that the company will incur a net loss of PHP 0.39 per share, which is a stark contrast to their previous expectation of a small profit.

This downward revision highlights the challenges the company is facing in its current financial situation, and it may have implications for investors and shareholders.

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Megawide has delivered impressive shareholder returns, outperforming the PH Construction industry with a 15.1% return over the past year.

The company's performance has also surpassed the PH Market, which returned -11.8% over the same period.

As an investor, it's great to see Megawide's success in this regard, and it's definitely worth considering if you're looking for a strong performer in the industry.

As an investor, it's essential to know how a company's stock has performed over time. MWIDE has exceeded the PH Construction industry's return of 15.1% over the past year.

The company's stock has also outperformed the PH Market, which returned -11.8% over the same period.

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Megacore buys 14.67% stake in Megawide for P5.68B.

Megacore Holdings Incorporated acquired a 14.67% stake in Megawide Construction Corporation for P5.68 billion.

This move was made to consolidate the economic stake of Megawide co-founder and president Edgar Saavedra.

Through this transaction, Megacore became a newly-formed holding company to consolidate Saavedra's economic stake.

Saavedra now owns 40.17% of Megawide through Megacore and Citicore Holdings combined.

Citicore Holdings Investment Incorporated reduced its stake in Megawide to 51% from 66.67% as a result of the transaction.

Megawide chairman Michael Cosiquien's interest in the engineering and construction company remains consolidated through Citicore.

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Megawide has been making waves in the Philippine infrastructure scene with its numerous projects. In October 2025, the City Government of Carmona awarded the Joint-Venture Agreement (JVA) to Megawide One Mobility Corporation for the implementation of the South-Luzon Integrated Terminal Exchange (SLITx).

Megawide has also partnered with Maplecrest Group Inc. to secure a PHP 1.87-billion contract to build Cavite's first bus rapid transit (BRT) in January 2025. This project is a significant step towards improving public transportation in the region.

The company has also secured a PHP 17.8 billion contract to construct two stations of the Metro Manila Subway in May 2022. This project is part of the larger Metro Manila Subway public-private partnership (PPP) project.

Here's a list of some of Megawide's notable projects:

Megawide's partnership with the Government of Carmona has been fruitful, with the two entities signing a Joint Venture Agreement (JVA) for the development of the South Luzon Integrated Terminal Exchange (SLITx) in September 2025.

The construction industry is a vital part of the Philippine economy, and Megawide is a key player in this sector.

Megawide engages in a range of construction-related businesses, including engineering, procurement, and construction (EPC), which suggests a high level of expertise in this area.

Earnings are forecast to grow 109.66% per year, which is a significant increase that could have a positive impact on the company's stock value.

Megawide's diversified business approach allows it to tackle complex projects in various areas, including real estate development and airport operations.