Manila Electric Company

PSE:MER Rapport sur les actions

Capitalisation boursière : ₱693.2b

Manila Electric Résultats passés

Passé contrôle des critères 3/6

Manila Electric a connu une croissance annuelle moyenne de ses bénéfices de 19.9%, tandis que le secteur Electric Utilities a vu ses bénéfices augmenter de en hausse à 4.5% par an. Les revenus ont augmenté de en hausse à un taux moyen de 10.7% par an. Le rendement des capitaux propres de Manila Electric est 23.5% et ses marges nettes sont de 10.2%.

Informations clés

19.90%

Taux de croissance des bénéfices

19.90%

Taux de croissance du BPA

Electric Utilities Croissance de l'industrie7.32%
Taux de croissance des recettes10.71%
Rendement des fonds propres23.54%
Marge nette10.23%
Dernière mise à jour des bénéfices31 Mar 2026

Mises à jour récentes des performances passées

Recent updates

Mise à jour du récit • May 15

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

Analysts have lifted their fair value price target for Manila Electric from ₱637.05 to ₱661.86, citing updated assumptions for revenue growth, profit margins, the discount rate and a slightly lower future P/E multiple. What's in the News Board meeting scheduled on May 4, 2026 to review Manila Electric Company’s financial and operating results for the first quarter of 2026, with comparisons against the first quarter of 2025 (Key Developments).
Mise à jour du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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 du récit • 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.
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Nouveau récit • 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.

Ventilation des recettes et des dépenses

Comment Manila Electric gagne et dépense de l'argent. Sur la base des derniers bénéfices déclarés, sur une base LTM.

Historique des gains et des recettes

PSE:MER Recettes, dépenses et bénéfices (PHP Millions )
DateRecettesLes revenusDépenses G+ADépenses de R&D
31 Mar 26503,59351,51520,5720
31 Dec 25497,32551,13021,1980
30 Sep 25486,70448,92621,8490
30 Jun 25478,10447,05321,0040
31 Mar 25480,32546,71020,3310
31 Dec 24470,36245,85919,2410
30 Sep 24463,80443,37918,8390
30 Jun 24456,26942,61118,7930
31 Mar 24442,51839,54918,2630
31 Dec 23443,61238,02317,8560
30 Sep 23446,87637,07220,1100
30 Jun 23451,74333,16319,6700
31 Mar 23446,26630,12118,5500
31 Dec 22426,52928,43118,6120
30 Sep 22401,71426,73416,6100
30 Jun 22369,05626,67016,7140
31 Mar 22339,74025,54516,9580
31 Dec 21318,54723,49816,5980
30 Sep 21292,81321,58614,1170
30 Jun 21282,14719,42113,4070
31 Mar 21269,98718,03112,6140
31 Dec 20275,30416,31614,3500
30 Sep 20291,39716,21613,5220
30 Jun 20295,61618,12213,8110
31 Mar 20312,96620,23313,8120
31 Dec 19318,31523,28513,4640
30 Sep 19318,16923,12613,0270
30 Jun 19318,86323,05113,1470
31 Mar 19309,02523,37612,9700
31 Dec 18304,45423,01713,0460
30 Sep 18295,57822,66826,0310
30 Jun 18292,06821,85639,3720
31 Mar 18286,78720,87963,4460
31 Dec 17282,55620,38412,9690
30 Sep 17276,40619,42863,9100
30 Jun 17269,40918,90963,3180
31 Mar 17263,58419,44662,9300
31 Dec 16257,18119,17662,7090
30 Sep 16256,51618,62562,4290
30 Jun 16253,19518,11960,5080
31 Mar 16255,98219,22458,9160
31 Dec 15258,39919,09858,9300
30 Sep 15260,49319,89457,6060
30 Jun 15268,17620,16357,4010

Des revenus de qualité: MER a un niveau élevé de bénéfices non monétaires.

Augmentation de la marge bénéficiaire: Les marges bénéficiaires nettes actuelles de MER sont plus élevées que l'année dernière MER. (10.2%) sont plus élevées que l'année dernière (9.7%).

Analyse des flux de trésorerie disponibles par rapport aux bénéfices

Analyse de la croissance passée des bénéfices

Tendance des revenus: Les bénéfices de MER ont augmenté de 19.9% par an au cours des 5 dernières années.

Accélération de la croissance: La croissance des bénéfices de MER au cours de l'année écoulée ( 10.3% ) est inférieure à sa moyenne sur 5 ans ( 19.9% par an).

Bénéfices par rapport au secteur d'activité: La croissance des bénéfices MER au cours de l'année écoulée ( 10.3% ) a dépassé celle du secteur Electric Utilities 10.3%.

Rendement des fonds propres

ROE élevé: Bien que le retour sur capitaux propres ( 23.54% ) de MER soit élevé, cette mesure est faussée en raison de son niveau d'endettement élevé.

Rendement des actifs

Rendement des capitaux employés

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Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/05/22 13:17
Cours de l'action en fin de journée2026/05/22 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