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Filipino (PSEi) Utilities Sector Analysis

UpdatedApr 16, 2025
DataAggregated Company Financials
Companies18
  • 7D3.6%
  • 3M5.9%
  • 1Y29.1%
  • YTD6.8%

Over the last 7 days, the Utilities industry has risen 4.3%, driven by gains from Manila Electric of 5.1%. In the last 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

Has the Filipino Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Apr 2025₱1.4t₱1.4t₱148.9b9.5x9.7x1.1x
Fri, 14 Mar 2025₱1.4t₱1.4t₱148.2b11.1x9.2x1x
Sun, 09 Feb 2025₱1.4t₱1.4t₱143.8b10.8x9.7x1x
Tue, 07 Jan 2025₱1.4t₱1.4t₱143.7b9.7x9.5x1x
Thu, 05 Dec 2024₱1.3t₱1.4t₱145.1b9.3x9.1x1x
Sat, 02 Nov 2024₱1.4t₱1.4t₱146.8b10.2x9.4x1x
Mon, 30 Sep 2024₱1.4t₱1.3t₱145.3b10.3x9.4x1x
Wed, 28 Aug 2024₱1.3t₱1.3t₱145.4b10x8.9x1x
Fri, 26 Jul 2024₱1.2t₱1.3t₱142.8b9.9x8.5x0.9x
Sun, 23 Jun 2024₱1.2t₱1.3t₱142.2b7.6x8.3x0.9x
Tue, 21 May 2024₱1.2t₱1.3t₱142.3b9.3x8.5x0.9x
Thu, 18 Apr 2024₱1.1t₱1.3t₱135.8b8.9x8.2x0.8x
Sat, 16 Mar 2024₱1.2t₱1.3t₱143.1b8.2x8.1x0.9x
Mon, 12 Feb 2024₱1.2t₱1.3t₱153.4b7.8x7.6x0.9x
Wed, 10 Jan 2024₱1.2t₱1.3t₱153.4b6.8x7.7x0.9x
Fri, 08 Dec 2023₱1.1t₱1.3t₱153.2b6.2x7.5x0.9x
Sun, 05 Nov 2023₱1.2t₱1.4t₱146.6b6.2x8x0.8x
Tue, 03 Oct 2023₱1.2t₱1.4t₱146.8b6.8x8x0.9x
Thu, 31 Aug 2023₱1.2t₱1.4t₱146.8b7.1x8x0.8x
Sat, 29 Jul 2023₱1.2t₱1.4t₱140.1b8.4x8.6x0.9x
Mon, 26 Jun 2023₱1.2t₱1.4t₱140.2b7.2x8.3x0.9x
Wed, 24 May 2023₱1.2t₱1.3t₱134.9b7x8.8x0.9x
Fri, 21 Apr 2023₱1.2t₱1.3t₱126.3b10x9.2x0.9x
Sun, 19 Mar 2023₱1.1t₱1.2t₱115.4b9.4x9.7x0.9x
Tue, 14 Feb 2023₱1.2t₱1.2t₱104.7b10x11.5x1x
Thu, 12 Jan 2023₱1.2t₱1.2t₱104.8b9.4x11x1x
Sat, 10 Dec 2022₱1.1t₱1.2t₱104.9b9.6x10.7x0.9x
Mon, 07 Nov 2022₱1.1t₱1.2t₱98.8b11.5x11x0.9x
Wed, 05 Oct 2022₱1.1t₱1.1t₱94.6b11.5x11.2x0.9x
Fri, 02 Sep 2022₱1.2t₱1.1t₱94.0b10.9x12.3x1x
Sun, 31 Jul 2022₱1.2t₱1.1t₱88.5b13.7x13.9x1.2x
Tue, 28 Jun 2022₱1.2t₱1.0t₱86.5b12.3x13.8x1.2x
Thu, 26 May 2022₱1.2t₱1.0t₱86.1b10.8x13.8x1.2x
Sat, 23 Apr 2022₱1.3t₱966.2b₱89.0b13.9x14.3x1.3x
Price to Earnings Ratio

14.3x


Total Market Cap: ₱1.3tTotal Earnings: ₱89.0bTotal Revenue: ₱966.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Utilities Sector Price to Earnings3Y Average 9.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Filipino Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 9.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.96x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Filipino Utilities sector?

PH Market1.77%
Utilities3.57%
Water Utilities7.62%
Electric Utilities4.24%
Renewable Energy2.00%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 8.7x.
    • Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings decline of 9.7% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 88% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MER Manila Electric₱578.005.1%
+₱31.6b
67.1%PE14.2x
MWC Manila Water Company₱33.907.6%
+₱7.1b
61.4%PE9.5x
ACEN Acen₱2.944.6%
+₱5.2b
-5.2%PE15.7x
SPNEC SP New Energy₱1.207.1%
+₱4.0b
29.0%PE10.7x
FGEN First Gen₱16.683.3%
+₱1.9b
-13.6%PE4.2x
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Latest News

FPH

₱57.90

First Philippine Holdings

7D

2.5%

1Y

-10.4%

SPNEC

₱1.20

SP New Energy

7D

7.1%

1Y

29.0%

CREC

₱3.78

Citicore Renewable Energy

7D

-1.0%

1Y

n/a

FGEN

₱16.68

First Gen

7D

3.3%

1Y

-13.6%

AP

₱37.85

Aboitiz Power

7D

-0.7%

1Y

5.7%

ACEN

₱2.94

Acen

7D

4.6%

1Y

-5.2%

VVT

₱18.00

Vivant

7D

4.9%

1Y

14.1%

LPZ

₱2.66

Lopez Holdings

7D

5.6%

1Y

-34.3%

MER

₱578.00

Manila Electric

7D

5.1%

1Y

67.1%

MWC

₱33.90

Manila Water Company

7D

7.6%

1Y

61.4%

SGP

₱11.00

Synergy Grid & Development Phils

7D

-1.6%

1Y

19.6%