Manila Electric Company

PSE:MER Rapport sur les actions

Capitalisation boursière : ₱727.5b

Manila Electric Croissance future

Future contrôle des critères 2/6

Manila Electric devrait augmenter ses bénéfices et son chiffre d'affaires de 7.8% et de 4.4% par an respectivement. Le BPA devrait croître de de 7.6% par an. Le rendement des capitaux propres devrait être 28.9% dans 3 ans.

Informations clés

7.8%

Taux de croissance des bénéfices

7.56%

Taux de croissance du BPA

Electric Utilities croissance des bénéfices9.8%
Taux de croissance des recettes4.4%
Rendement futur des capitaux propres28.88%
Couverture par les analystes

Good

Dernière mise à jour09 May 2026

Mises à jour récentes de la croissance future

Recent updates

Mise à jour de l'analyse • Apr 25

MER: Future Returns Will Rely On Dividends And Grid Digitalization Collaboration

Analysts have increased their fair value estimate for Manila Electric slightly, from ₱636.41 to ₱637.05. This reflects updated assumptions that include modestly lower revenue growth, a small uplift in profit margin and a largely unchanged forward P/E multiple.
Mise à jour de l'analyse • Apr 10

MER: Stable Outlook Will Rely On Dividends And Grid Digitalization Initiatives

Analysts have kept their ₱636.41 price target for Manila Electric unchanged, citing essentially stable assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Huawei, Meralco, and SANXING Ningbo launched an Intelligent Distribution Solution that focuses on reliable communication, edge computing, cloud edge collaboration, and low voltage transparency for power distribution networks (Key Developments).
Mise à jour de l'analyse • Mar 27

MER: Steady Outlook As Dividends And Gas Contract Extension Support Future Returns

Narrative Update on Manila Electric Price Target The analyst price target for Manila Electric remains effectively unchanged at around ₱636.41, as analysts keep their assumptions for discount rate, revenue growth, profit margins and future P/E broadly consistent with prior estimates. What's in the News Huawei, Meralco, and SANXING Ningbo launched an Intelligent Distribution Solution that focuses on reliable communication, edge computing, cloud edge collaboration, and low voltage transparency for a 400 V distribution network, aiming to integrate digital systems across the grid (Key Developments).
Mise à jour de l'analyse • Mar 12

MER: Dividend Plans And Contract Extension Will Support Steady Forward Outlook

Analysts have raised their price target on Manila Electric, moving fair value from ₱623.63 to about ₱636.41 as they incorporate updated assumptions on revenue growth, profit margins, the discount rate, and future P/E. What's in the News A board meeting is scheduled on Feb 25, 2026 to review full year 2025 financial and operating results with 2024 comparatives and to consider a cash dividend of ₱16.672 per share, with a record date on Mar 26, 2026 and payment on Apr 20, 2026 (Key Developments).
Mise à jour de l'analyse • Feb 25

MER: Contract Extension And Board Actions Will Support Steady Forward Outlook

Analysts have kept their price target for Manila Electric broadly unchanged at around ₱623.63, with only marginal tweaks to revenue growth, profit margin, discount rate, and future P/E assumptions reflected in their latest update. What's in the News The Energy Regulatory Commission approved a five month extension of Manila Electric Co.'s gas power supply contract with First Gen unit First Gas Power Corp., allowing Meralco to keep sourcing power from the Sta.
Mise à jour de l'analyse • Feb 11

MER: Contract Extension And Board Calendar Will Support Steady Forward Outlook

Analysts have lifted their fair value estimate for Manila Electric to ₱623.63 from ₱614.25, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News The Energy Regulatory Commission approved a five month extension of Meralco's gas power supply contract with First Gen's First Gas Power Corp., allowing continued sourcing from the Sta.
Mise à jour de l'analyse • Jan 27

MER: Board Calendar And Steady P/E Assumptions Will Support Fair Outlook

Analysts have raised their price target for Manila Electric to ₱614.25 from ₱603.38, reflecting updated assumptions that include slightly softer revenue growth, a small improvement in profit margin, and a marginally higher future P/E of 14.92x. What's in the News Board meeting set for January 26, 2026, to review and approve the agenda and notice for the annual stockholders' meeting scheduled on June 30, 2026, at 10:00 a.m. (Key Developments) Directors will consider April 10, 2026, as the record date for determining stockholders entitled to receive notice of and vote at the June 30, 2026, annual stockholders' meeting.
Mise à jour de l'analyse • Jan 12

MER: Smart Grid Rollout And Steady Metrics Will Support Fair Valuation

Analysts have lifted their fair value estimate for Manila Electric slightly, from ₱598.21 to about ₱603.38. This reflects refreshed views on its projected revenue growth, profit margins, and future P/E assumptions.
Mise à jour de l'analyse • Dec 26

MER: Smart Grid Expansion Will Support Stable Margins And Fairly Valued Outlook

Analysts have maintained their price target for Manila Electric at PHP 598.21, as slightly softer long term revenue growth assumptions are seen as being offset by a modestly stronger profit margin outlook and an unchanged future valuation multiple. What's in the News A board meeting is set for December 3, 2025 to approve various rank conferments effective January 1, 2026 (Key Developments) A board meeting is scheduled on October 27, 2025 to approve Manila Electric's financial and operating results for the first nine months of 2025, with 2024 comparatives (Key Developments) An Itron collaboration has been announced to deploy Advanced Metering Infrastructure across Metro Manila, starting with 73,000 endpoints as part of Meralco's multi year smart grid modernization program (Key Developments) Valuation Changes Fair Value: Unchanged at approximately ₱598.21 per share, indicating a stable overall valuation outlook.
Mise à jour de l'analyse • Dec 12

MER: Smart Grid Rollout Will Support Stable Outlook And Customer Experience

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.
Mise à jour de l'analyse • Nov 28

MER: Fair Value Maintained as Smart Grid Connectivity Set to Expand

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.
Mise à jour de l'analyse • Nov 13

MER: Fair Value Supported as Smart Grid Rollout Poised to Advance

Narrative Update: Manila Electric Analyst Price Target Adjustment Analysts have maintained their fair value estimate for Manila Electric at ₱598.21 per share. They cite modest improvements in projected revenue growth and profit margin, which are balanced by a slightly higher discount rate and a marginally lower future price-to-earnings ratio.
Mise à jour de l'analyse • Oct 30

MER: Smart Grid Modernization Will Drive Improved Customer Satisfaction And Energy Management

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.
Mise à jour de l'analyse • Sep 15

Large-scale Renewables And Grid Modernization Will Shape Future Growth

Manila Electric’s consensus revenue growth forecast has edged down slightly, while its future P/E remains stable, resulting in only a marginal increase in the analyst price target from ₱582.64 to ₱588.56. What's in the News Board approved cash dividends of PhP11.328 per share, payable to shareholders of record as of August 27, 2025.
User avatar
Nouvelle analyse • Nov 25

Meralco's Expanding Network And Renewable Energy Innovations Power Growth Potential

Strong growth in sales volume and power generation, including renewable projects, is set to boost future revenues and operational margins.

Prévisions de croissance des bénéfices et des revenus

PSE:MER - Estimations futures des analystes et données financières antérieures (PHP Millions )
DateRecettesLes revenusFlux de trésorerie disponibleCash from OpMoy. Nombre d'analystes
12/31/2028560,12162,302-4,181N/A4
12/31/2027549,32560,0958,689N/A10
12/31/2026510,72153,0328,602N/A8
3/31/2026503,59351,515N/AN/AN/A
12/31/2025497,32551,130-35,08872,077N/A
9/30/2025486,70448,926-53,22544,961N/A
6/30/2025478,10447,053-36,83241,738N/A
3/31/2025480,32546,710-25,65734,679N/A
12/31/2024470,36245,859-2,50142,010N/A
9/30/2024463,80443,3798,77042,761N/A
6/30/2024456,26942,61143,66272,157N/A
3/31/2024442,51839,54942,43875,760N/A
12/31/2023443,61238,02329,03757,974N/A
9/30/2023446,87637,072-1,60440,675N/A
6/30/2023451,74333,163-27,37414,644N/A
3/31/2023446,26630,121-29,31611,987N/A
12/31/2022426,52928,431-17,01425,182N/A
9/30/2022401,71426,734-8,87720,544N/A
6/30/2022369,05626,670-1,69226,644N/A
3/31/2022339,74025,54514,79643,734N/A
12/31/2021318,54723,49815,94543,181N/A
9/30/2021292,81321,58642,91371,062N/A
6/30/2021282,14719,42140,09466,958N/A
3/31/2021269,98718,0314,75525,484N/A
12/31/2020275,30416,3169,31429,872N/A
9/30/2020291,39716,2162,70117,875N/A
6/30/2020295,61618,1225,03221,073N/A
3/31/2020312,96620,23328,51048,216N/A
12/31/2019318,31523,285N/A42,176N/A
9/30/2019318,16923,126N/A36,087N/A
6/30/2019318,86323,051N/A36,929N/A
3/31/2019309,02523,376N/A45,964N/A
12/31/2018304,45423,017N/A40,562N/A
9/30/2018295,57822,668N/A33,212N/A
6/30/2018292,06821,856N/A35,645N/A
3/31/2018286,78720,879N/A26,595N/A
12/31/2017282,55620,384N/A28,385N/A
9/30/2017276,40619,428N/A35,662N/A
6/30/2017269,40918,909N/A32,709N/A
3/31/2017263,58419,446N/A33,697N/A
12/31/2016257,18119,176N/A35,351N/A
9/30/2016256,51618,625N/A36,569N/A
6/30/2016253,19518,119N/A36,598N/A
3/31/2016255,98219,224N/A38,802N/A
12/31/2015258,39919,098N/A41,683N/A
9/30/2015260,49319,894N/A39,722N/A
6/30/2015268,17620,163N/A35,245N/A

Prévisions de croissance des analystes

Taux de revenus par rapport au taux d'épargne: La croissance des bénéfices prévue de MER ( 7.8% par an) est supérieure au taux d'épargne ( 6% ).

Bénéfices vs marché: Les bénéfices de MER ( 7.8% par an) devraient croître plus lentement que le marché PH ( 9.2% par an).

Croissance élevée des bénéfices: Les bénéfices de MER devraient augmenter, mais pas de manière significative.

Chiffre d'affaires vs marché: Le chiffre d'affaires de MER ( 4.4% par an) devrait croître plus lentement que le marché de PH ( 8% par an).

Croissance élevée des revenus: Le chiffre d'affaires de MER ( 4.4% par an) devrait croître plus lentement que 20% par an.

Prévisions de croissance du bénéfice par action

Rendement futur des capitaux propres

ROE futur: Le retour sur capitaux propres de MER devrait être élevé dans 3 ans ( 28.9 %)

Découvrir les entreprises en croissance

7D

1Y

7D

1Y

7D

1Y

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/05/09 19:26
Cours de l'action en fin de journée2026/05/08 00:00
Les revenus2026/03/31
Revenus annuels2025/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Manila Electric Company est couverte par 15 analystes. 10 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Julian Vincent RoxasBofA Global Research
Eunice DolatreCGS International
Jan Derrick GuarinCLSA