Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 391,493 284,545 276,335 279,792 272,230 268,989 - -
Change - -27.32% -2.89% 1.25% -2.7% -1.19% - -
Enterprise Value (EV) 1 639,381 507,935 514,956 551,367 556,923 545,994 544,001 530,802
Change - -20.56% 1.38% 7.07% 1.01% -1.96% -0.36% -2.43%
P/E 14.9x 27.3x 10.4x 8.68x 9.09x 8.36x 7.88x 7.22x
PBR 3.18x 2.62x 2.63x 2.42x 2.15x 1.93x 1.75x 1.64x
PEG - -0.5x 0x 0.4x -1.28x 1.12x 1.31x 0.79x
Capitalization / Revenue 2.03x 1.39x 1.31x 1.29x 1.25x 1.21x 1.17x 1.14x
EV / Revenue 3.31x 2.47x 2.44x 2.54x 2.55x 2.45x 2.36x 2.26x
EV / EBITDA 6.65x 5.06x 4.94x 5.08x 5.01x 4.8x 4.64x 4.43x
EV / EBIT 14.5x -92.3x 9.81x 10.9x 11.1x 9.61x 9.15x 8.47x
EV / FCF -52.6x -28.9x 54.2x 34.3x 22.2x 9.3x 9.49x 7.96x
FCF Yield -1.9% -3.47% 1.84% 2.91% 4.51% 10.8% 10.5% 12.6%
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% 7.75% 8.1% 8.69%
EPS 2 121.8 48.26 122.9 149.3 138.6 149 158 172.4
Distribution rate 69% 278% 77.3% 65% 67.8% 64.8% 63.9% 62.7%
Net sales 1 193,257 205,245 210,953 216,833 218,388 222,925 230,182 235,074
EBITDA 1 96,169 100,478 104,297 108,515 111,231 113,668 117,213 119,936
EBIT 1 44,000 -5,501 52,483 50,487 50,348 56,808 59,458 62,702
Net income 1 26,367 10,485 26,614 32,307 30,011 32,731 34,516 36,984
Net Debt 1 247,888 223,390 238,621 271,575 284,693 277,004 275,012 261,812
Reference price 2 1,812.00 1,317.00 1,279.00 1,295.00 1,260.00 1,245.00 1,245.00 1,245.00
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.($)
9.15x2.39x6.38x6.44% 183B
13.24x2.12x5.51x4.23% 146B
13.26x1.94x5.36x2.42% 78.57B
12.08x1.76x7.51x3.56% 75.82B
15.37x2.67x8.37x5.12% 57.26B
23.79x5.36x19.57x4.5% 55.87B
15.78x1.78x5.57x4.86% 49.1B
14.52x2.59x5.98x4.68% 47.21B
23.53x3.25x7.17x4.32% 39.8B
Average 15.63x 2.65x 7.93x 4.46% 81.4B
Weighted average by Cap. 13.88x 2.49x 7.34x 4.69%

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