Update shared on 28 Nov 2025
Analysts have maintained their price target for Manila Electric at ₱598.21 per share, citing minimal changes in growth forecasts and stable profit margin expectations as the rationale for the steady outlook.
What's in the News
- Manila Electric Company will hold a Board Meeting on October 27, 2025 to approve the Company's financial and operating results for the first nine months of 2025. These results will be compared with the same period in 2024 (Key Developments).
- Manila Electric is collaborating with Itron, Inc. to deploy Advanced Metering Infrastructure (AMI) with Intelligent Connectivity. The initial phase will manage 73,000 endpoints across Metro Manila, with plans for a multi-year expansion as part of their smart grid modernization program (Key Developments).
- The new infrastructure from Itron will enable near real-time, two-way communication between Meralco's back office and field endpoints. This system aims to allow faster response to power outages and improved customer satisfaction for over eight million customers (Key Developments).
- The AMI network also supports the future integration of distributed energy resources, such as rooftop solar and electric vehicles. This will give customers more control and visibility over their energy usage (Key Developments).
Valuation Changes
- Consensus Analyst Price Target remains unchanged at ₱598.21 per share.
- Discount Rate holds steady at 11.39%, reflecting no significant change in risk assessment.
- Revenue Growth projection is virtually flat at 5.93%, with only a negligible downward adjustment compared to previous estimates.
- Net Profit Margin is essentially stable at 11.09%, indicating consistent profitability expectations.
- Future P/E ratio is steady at 14.53x, signaling no material revision in valuation outlook.
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