Filipino (PSEi) Utilities Sector Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies16
- 7D-1.3%
- 3M-0.3%
- 1Y-3.6%
- YTD-5.7%
The Utilities industry is down 1.3% over the last week with Manila Electric the worst performer, down 1.0%. However, the industry is down 3.6% over the past year. In the next few years earnings are forecast to be pretty stable.
Sector Valuation and Performance
Has the Filipino Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | ₱1.1t | ₱1.3t | ₱153.3b | 6.2x | 7.5x | 0.9x |
| Mon, 30 Oct 2023 | ₱1.2t | ₱1.4t | ₱146.9b | 6.8x | 7.8x | 0.8x |
| Wed, 27 Sep 2023 | ₱1.1t | ₱1.4t | ₱146.9b | 6.7x | 7.7x | 0.8x |
| Fri, 25 Aug 2023 | ₱1.2t | ₱1.4t | ₱146.8b | 7x | 7.9x | 0.8x |
| Sun, 23 Jul 2023 | ₱1.2t | ₱1.4t | ₱139.9b | 8x | 8.4x | 0.9x |
| Tue, 20 Jun 2023 | ₱1.2t | ₱1.4t | ₱140.2b | 6.8x | 8.3x | 0.9x |
| Thu, 18 May 2023 | ₱1.2t | ₱1.3t | ₱134.9b | 7x | 8.7x | 0.9x |
| Sat, 15 Apr 2023 | ₱1.2t | ₱1.3t | ₱120.2b | 10x | 9.6x | 0.9x |
| Mon, 13 Mar 2023 | ₱1.2t | ₱1.2t | ₱115.6b | 9.4x | 10x | 0.9x |
| Wed, 08 Feb 2023 | ₱1.2t | ₱1.2t | ₱104.8b | 10x | 11.4x | 1x |
| Fri, 06 Jan 2023 | ₱1.2t | ₱1.2t | ₱105.0b | 9.3x | 11.4x | 1x |
| Sun, 04 Dec 2022 | ₱1.1t | ₱1.2t | ₱105.0b | 9.4x | 10.9x | 0.9x |
| Tue, 01 Nov 2022 | ₱1.1t | ₱1.2t | ₱98.7b | 11.3x | 11x | 0.9x |
| Thu, 29 Sep 2022 | ₱1.0t | ₱1.1t | ₱94.7b | 11.3x | 10.9x | 0.9x |
| Sat, 27 Aug 2022 | ₱1.2t | ₱1.1t | ₱94.0b | 11.2x | 13.1x | 1.1x |
| Mon, 25 Jul 2022 | ₱1.2t | ₱1.0t | ₱86.8b | 13.3x | 14.3x | 1.2x |
| Wed, 22 Jun 2022 | ₱1.2t | ₱1.0t | ₱86.3b | 12.3x | 13.9x | 1.2x |
| Fri, 20 May 2022 | ₱1.2t | ₱1.0t | ₱85.8b | 11.1x | 13.9x | 1.2x |
| Sun, 17 Apr 2022 | ₱1.3t | ₱960.3b | ₱90.3b | 12.8x | 14.7x | 1.4x |
| Tue, 15 Mar 2022 | ₱1.3t | ₱855.0b | ₱83.1b | 12.6x | 15.3x | 1.5x |
| Thu, 10 Feb 2022 | ₱1.4t | ₱825.4b | ₱81.5b | 13.3x | 16.9x | 1.7x |
| Sat, 08 Jan 2022 | ₱1.3t | ₱824.9b | ₱81.5b | 12.4x | 15.5x | 1.5x |
| Mon, 06 Dec 2021 | ₱1.3t | ₱823.4b | ₱81.3b | 12.6x | 16.4x | 1.6x |
| Wed, 03 Nov 2021 | ₱1.3t | ₱803.0b | ₱75.5b | n/a | 17.4x | 1.6x |
| Fri, 01 Oct 2021 | ₱1.3t | ₱787.8b | ₱73.5b | 13.1x | 17.3x | 1.6x |
| Sun, 29 Aug 2021 | ₱1.1t | ₱783.6b | ₱72.9b | 12.4x | 15.4x | 1.4x |
| Mon, 05 Jul 2021 | ₱1.1t | ₱783.6b | ₱72.9b | 12.9x | 14.8x | 1.4x |
| Thu, 08 Apr 2021 | ₱853.9b | ₱738.2b | ₱67.6b | 11x | 12.6x | 1.2x |
| Sun, 10 Jan 2021 | ₱881.4b | ₱746.0b | ₱60.5b | 11.9x | 14.6x | 1.2x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are pessimistic on the Filipino Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.5x which is lower than its 3-year average PE of 12.6x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.85x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 20% 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 Market | 0.015% | |
| Utilities | -1.34% | |
| Water Utilities | 3.21% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Renewable Energy | -0.69% | |
| Electric Utilities | -2.67% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 14.5x.
- Analysts are expecting annual earnings growth of 1.4%, which is lower than the prior year's growth of 55.3% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 11.7x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 9.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 80% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings decline by 4.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AP Aboitiz Power | ₱36.60 | 0.5% +₱1.4b | 9.1% | PE7.6x | |
| REDC Repower Energy Development | ₱6.99 | 3.7% +₱162.5m | n/a | PE25.7x | |
| SGP Synergy Grid & Development Phils | ₱6.18 | 0.2% +₱52.7m | -47.7% | PE2.7x | |
| ASLAG Raslag | ₱1.22 | 0.8% +₱15.0m | -29.9% | PE9.2x |