Valuation Manila Electric Company

Stocks

Market Closed - Philippines S.E. 01:54:21 2026-11-09 EST			5-day change	1st Jan Change
424.00 ^PHP	-4.93%		+0.24%	-26.13%

11-02	Kayana Solutions Inc. completed the acquisition of remaining 90% stake in CIS Bayad Center, Inc. from Corporate Information Solutions Inc. and Manila Electric Company.	CI
10-31	Manila Electric Company, Q3 2026 Earnings Call, Oct 28, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	332,720	336,777	449,712	550,021	646,951	477,887	-	-
Change	-	1.22%	33.53%	22.31%	17.62%	-26.13%	-	-
Enterprise Value (EV) ¹	368,489	384,778	466,369	560,317	767,680	651,688	659,275	664,481
Change	-	4.42%	21.2%	20.14%	37.01%	-15.11%	1.16%	0.79%
P/E	14.2x	11.8x	11.8x	12x	12.7x	8.7x	8.09x	7.66x
PBR	3.49x	3.07x	3.68x	3.8x	3.74x	2.49x	2.2x	1.98x
PEG	-	0.6x	0.4x	0.6x	1.1x	1.18x	1.06x	1.39x
Capitalization / Revenue	1.04x	0.79x	1.01x	1.17x	1.3x	0.94x	0.87x	0.84x
EV / Revenue	1.16x	0.9x	1.05x	1.19x	1.54x	1.28x	1.2x	1.17x
EV / EBITDA	8.26x	7.41x	7.14x	7.48x	11.7x	9.02x	7.85x	7.13x
EV / EBIT	12.6x	19.1x	12.8x	12.4x	15.8x	12x	10.6x	9.63x
EV / FCF	21.8x	-45.4x	14.1x	196x	-22.3x	17.1x	26.2x	9.92x
FCF Yield	4.59%	-2.2%	7.11%	0.51%	-4.49%	5.87%	3.81%	10.1%
Dividend per Share ²	15.28	16.04	19.55	24.03	28	28.5	30.44	31.76
Rate of return	5.18%	5.37%	4.9%	4.92%	4.88%	6.72%	7.18%	7.49%
EPS ²	20.85	25.23	33.74	40.69	45.36	48.71	52.44	55.32
Distribution rate	73.3%	63.6%	58%	59.1%	61.7%	58.5%	58.1%	57.4%
Net sales ¹	318,547	426,529	443,612	470,362	497,325	509,735	549,106	567,813
EBITDA ¹	44,586	51,947	65,341	74,950	65,507	72,227	83,956	93,181
EBIT ¹	29,344	20,181	36,333	45,033	48,473	54,253	61,958	68,991
Net income ¹	23,498	28,431	38,023	45,859	51,130	54,884	59,087	61,883
Net Debt ¹	35,769	48,001	16,657	10,296	120,729	173,801	181,388	186,594
Reference price ²	295.20	298.80	399.00	488.00	574.00	424.00	424.00	424.00
Nbr of stocks (in thousands)	1,127,099	1,127,099	1,127,099	1,127,093	1,127,093	1,127,093	-	-
Announcement Date	2/28/22	2/27/23	2/26/24	2/24/25	2/25/26	-	-	-

¹PHP in Million²PHP

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MANILA ELECTRIC COMPANY	9.16x	1.33x	9.37x	6.39%	7.97B
GE VERNOVA INC.	24.4x	4.04x	28.2x	0.26%	204B
NEXTERA ENERGY	21.3x	9.44x	16.92x	2.86%	182B
IBERDROLA, S.A.	21.42x	4.51x	12.45x	3.23%	168B
CHINA YANGTZE POWER CO., LTD.	22.16x	12.03x	15.54x	3.2%	110B
SOUTHERN COMPANY	21.1x	5.94x	13.25x	3.28%	108B
ENEL S.P.A.	13.29x	1.91x	6.81x	5.34%	107B
DUKE ENERGY CORPORATION	18.86x	5.7x	11.43x	3.4%	99.63B
CONSTELLATION ENERGY CORPORATION	20.24x	3.04x	12.65x	0.68%	88.56B
AMERICAN ELECTRIC POWER COMPANY, INC.	19.57x	5.16x	12.32x	3.04%	68.9B
Average	19.15x	5.31x	13.89x	3.17%	114.4B
Weighted average by Cap.	20.70x	5.83x	15.71x	2.67%