Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 391,493 284,545 276,335 279,792 272,230 245,871 - -
Change - -27.32% -2.89% 1.25% -2.7% -9.68% - -
Enterprise Value (EV) 1 639,381 507,935 514,956 551,367 556,923 536,333 519,304 504,781
Change - -20.56% 1.38% 7.07% 1.01% -3.7% -3.18% -2.8%
P/E 14.9x 27.3x 10.4x 8.68x 9.09x 7.85x 7.51x 7.21x
PBR 3.18x 2.62x 2.63x 2.42x 2.15x 1.78x 1.62x 1.56x
PEG - -0.5x 0x 0.4x -1.28x 1.72x 1.67x 1.69x
Capitalization / Revenue 2.03x 1.39x 1.31x 1.29x 1.25x 1.11x 1.07x 1.06x
EV / Revenue 3.31x 2.47x 2.44x 2.54x 2.55x 2.41x 2.26x 2.17x
EV / EBITDA 6.65x 5.06x 4.94x 5.08x 5.01x 4.77x 4.46x 4.3x
EV / EBIT 14.5x -92.3x 9.81x 10.9x 11.1x 9.74x 8.97x 8.49x
EV / FCF -52.6x -28.9x 54.2x 34.3x 22.2x 9.13x 9.06x 7.57x
FCF Yield -1.9% -3.47% 1.84% 2.91% 4.51% 10.9% 11% 13.2%
Dividend per Share 2 84 134 95 97 94 95.44 100.4 105.7
Rate of return 4.64% 10.2% 7.43% 7.49% 7.46% 8.39% 8.82% 9.28%
EPS 2 121.8 48.26 122.9 149.3 138.6 144.9 151.5 157.9
Distribution rate 69% 278% 77.3% 65% 67.8% 65.8% 66.3% 66.9%
Net sales 1 193,257 205,245 210,953 216,833 218,388 222,284 229,761 233,048
EBITDA 1 96,169 100,478 104,297 108,515 111,231 112,490 116,355 117,439
EBIT 1 44,000 -5,501 52,483 50,487 50,348 55,056 57,915 59,449
Net income 1 26,367 10,485 26,614 32,307 30,011 32,038 33,472 33,779
Net Debt 1 247,888 223,390 238,621 271,575 284,693 290,461 273,432 258,909
Reference price 2 1,812.00 1,317.00 1,279.00 1,295.00 1,260.00 1,138.00 1,138.00 1,138.00
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.($)
7.79x2.4x4.75x8.45% 3.89B
11.04x1.31x4.14x7.03% 223B
10.53x2.52x6.65x5.92% 198B
13.27x2.13x5.49x4.13% 150B
13.93x1.87x8.15x3.01% 91.67B
11.57x0.87x3.24x6.68% 79.22B
11.49x1.77x4.48x2.85% 67.46B
15.28x2.68x8.37x5.06% 57.95B
23.32x5.29x19.31x4.69% 55.39B
14.08x2.76x6.18x4.4% 50.95B
Average 13.23x 2.36x 7.08x 5.22% 97.75B
Weighted average by Cap. 12.72x 2.11x 6.40x 5.29%

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

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!