Analysts have raised the fair value estimate for Manila Electric from ₱588.56 to ₱598.21. This change is attributed to updated projections, even though growth and margin expectations have slightly moderated.
What's in the News
- A board meeting is scheduled for October 27, 2025 to approve Manila Electric's financial and operating results for the first nine months of 2025, using 2024 as a comparative period (Key Developments).
- Manila Electric is collaborating with Itron, Inc. to deploy Advanced Metering Infrastructure (AMI) with Intelligent Connectivity. The project will launch with 73,000 endpoints across Metro Manila and there are plans for expansion as part of the company’s smart grid modernization (Key Developments).
- The new AMI infrastructure will enable near real-time, two-way communication between Meralco’s back office and endpoints. This is expected to result in improved outage response and better customer satisfaction (Key Developments).
- The deployment also supports potential future integration of distributed energy resources, such as rooftop solar and electric vehicles, which will facilitate smarter energy management for over eight million customers (Key Developments).
Valuation Changes
- The Fair Value Estimate has risen slightly from ₱588.56 to ₱598.21.
- The Discount Rate remains unchanged at 11.22%.
- The Revenue Growth expectation has fallen from 6.91% to 5.90%.
- The Net Profit Margin is almost flat, with a marginal decrease from 10.99% to 10.99%.
- The Future P/E ratio has increased slightly from 14.21x to 14.60x.
Disclaimer
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