Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 391,493 284,545 276,335 279,792 272,230 270,070 - -
Change - -27.32% -2.89% 1.25% -2.7% -0.79% - -
Enterprise Value (EV) 1 639,381 507,935 514,956 551,367 556,923 547,083 545,095 531,882
Change - -20.56% 1.38% 7.07% 1.01% -1.77% -0.36% -2.42%
P/E 14.9x 27.3x 10.4x 8.68x 9.09x 8.54x 7.91x 7.25x
PBR 3.18x 2.62x 2.63x 2.42x 2.15x 1.93x 1.76x 1.65x
PEG - -0.5x 0x 0.4x -1.28x 1.53x 1x 0.79x
Capitalization / Revenue 2.03x 1.39x 1.31x 1.29x 1.25x 1.21x 1.17x 1.15x
EV / Revenue 3.31x 2.47x 2.44x 2.54x 2.55x 2.46x 2.37x 2.26x
EV / EBITDA 6.65x 5.06x 4.94x 5.08x 5.01x 4.86x 4.65x 4.43x
EV / EBIT 14.5x -92.3x 9.81x 10.9x 11.1x 9.98x 9.17x 8.31x
EV / FCF -52.6x -28.9x 54.2x 34.3x 22.2x 9.32x 9.51x 7.98x
FCF Yield -1.9% -3.47% 1.84% 2.91% 4.51% 10.7% 10.5% 12.5%
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% 7.72% 8.07% 8.66%
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 1,250.00 1,250.00 1,250.00
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.($)
8.54x2.46x4.86x7.72% 4.38B
11.39x1.32x4.09x7.04% 224B
9.11x2.38x6.37x6.47% 182B
13.7x2.13x5.55x4.17% 149B
13.45x2.04x5.17x2.39% 79.13B
12.16x0.82x3.08x6.63% 77.03B
12.03x1.75x7.5x3.57% 75.8B
15.48x2.69x8.43x5.08% 57.64B
23.9x5.38x19.65x4.48% 56.14B
16.05x1.79x5.62x4.78% 50.1B
Average 13.58x 2.28x 7.03x 5.23% 95.55B
Weighted average by Cap. 12.81x 2.05x 6.29x 5.41%

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