Update shared on 12 Dec 2025
Narrative Update on Manila Electric
Analysts have maintained their price target for Manila Electric at PHP 598.21 per share, reflecting unchanged assumptions on discount rate, revenue growth, profit margins, and future valuation multiples. This signals steady confidence in the company’s current earnings and growth outlook.
What's in the News
- Manila Electric and Itron, Inc. are collaborating on the deployment of Advanced Metering Infrastructure with Intelligent Connectivity. The initial rollout will cover 73,000 endpoints across Metro Manila and is designed for multi year expansion as part of Meralco's smart grid modernization program (Key Developments).
- The Itron AMI rollout is expected to improve operational efficiency through centralized control and visibility of endpoints, near real time data exchange, and resilient data transmission. This is intended to enhance outage response and customer satisfaction for more than eight million customers (Key Developments).
- The new infrastructure is intended to support future integration of distributed energy resources, including rooftop solar and electric vehicles, while giving customers more visibility and control over their energy consumption (Key Developments).
- Manila Electric has scheduled a board meeting on October 27, 2025 to approve the company’s financial and operating results for the first nine months of 2025, with comparisons to the same period in 2024 (Key Developments).
- A subsequent board meeting is set for December 3, 2025 to approve various rank conferments effective January 1, 2026, signaling upcoming organizational changes (Key Developments).
Valuation Changes
- Fair Value: Unchanged at ₱598.21 per share, indicating no revision to the intrinsic value estimate.
- Discount Rate: Stable at 11.39 percent, signaling no change in the risk and return assumptions applied to cash flows.
- Revenue Growth: Effectively unchanged at about 5.93 percent, with only a negligible rounding adjustment.
- Net Profit Margin: Steady at roughly 11.09 percent, with only a minor numerical refinement that does not affect the overall margin outlook.
- Future P/E: Maintained at approximately 14.53x, reflecting a consistent valuation multiple for forward earnings.
Have other thoughts on Manila Electric?
Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.
Create NarrativeDisclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.