Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 391,493 284,545 276,335 279,792 272,230 254,946 - -
Change - -27.32% -2.89% 1.25% -2.7% -6.35% - -
Enterprise Value (EV) 1 639,381 507,935 514,956 551,367 556,923 531,959 529,971 516,758
Change - -20.56% 1.38% 7.07% 1.01% -4.48% -0.37% -2.49%
P/E 14.9x 27.3x 10.4x 8.68x 9.09x 8.06x 7.47x 6.84x
PBR 3.18x 2.62x 2.63x 2.42x 2.15x 1.83x 1.66x 1.56x
PEG - -0.5x 0x 0.4x -1.28x 1.45x 0.94x 0.74x
Capitalization / Revenue 2.03x 1.39x 1.31x 1.29x 1.25x 1.14x 1.11x 1.08x
EV / Revenue 3.31x 2.47x 2.44x 2.54x 2.55x 2.39x 2.3x 2.2x
EV / EBITDA 6.65x 5.06x 4.94x 5.08x 5.01x 4.73x 4.52x 4.31x
EV / EBIT 14.5x -92.3x 9.81x 10.9x 11.1x 9.7x 8.91x 8.07x
EV / FCF -52.6x -28.9x 54.2x 34.3x 22.2x 9.06x 9.25x 7.75x
FCF Yield -1.9% -3.47% 1.84% 2.91% 4.51% 11% 10.8% 12.9%
Dividend per Share 2 84 134 95 97 94 96.54 100.9 108.2
Rate of return 4.64% 10.2% 7.43% 7.49% 7.46% 8.18% 8.55% 9.17%
EPS 2 121.8 48.26 122.9 149.3 138.6 146.3 157.9 172.4
Distribution rate 69% 278% 77.3% 65% 67.8% 66% 63.9% 62.7%
Net sales 1 193,257 205,245 210,953 216,833 218,388 222,710 230,182 235,074
EBITDA 1 96,169 100,478 104,297 108,515 111,231 112,511 117,213 119,936
EBIT 1 44,000 -5,501 52,483 50,487 50,348 54,827 59,458 64,004
Net income 1 26,367 10,485 26,614 32,307 30,011 32,297 34,512 36,984
Net Debt 1 247,888 223,390 238,621 271,575 284,693 277,013 275,025 261,812
Reference price 2 1,812.00 1,317.00 1,279.00 1,295.00 1,260.00 1,180.00 1,180.00 1,180.00
Nbr of stocks (in thousands) 216,056 216,056 216,056 216,056 216,056 216,056 - -
Announcement Date 3/3/22 3/23/23 3/7/24 2/27/25 2/26/26 - - -
1PHP in Million2PHP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.96x2.37x4.7x8.29% 4.09B
11.3x1.31x4.05x7.1% 222B
8.87x2.34x6.26x6.61% 178B
13.3x2.12x5.58x4.22% 147B
12.95x2.03x5.1x2.42% 78.26B
11.87x1.74x7.45x3.62% 74.82B
12.01x0.78x2.91x6.71% 73.46B
15.48x2.69x8.43x5.08% 57.67B
23.84x5.37x19.62x4.49% 55.97B
15.09x2.67x6.14x4.51% 49.01B
Average 13.27x 2.34x 7.03x 5.3% 94.05B
Weighted average by Cap. 12.57x 2.09x 6.28x 5.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield