company background image
MPI

Metro Pacific Investments PSE:MPI Stock Report

Last Price

₱3.46

Market Cap

₱101.5b

7D

-4.2%

1Y

-12.2%

Updated

03 Jul, 2022

Data

Company Financials +
MPI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends3/6

MPI Stock Overview

Metro Pacific Investments Corporation, an investment holding company, develops infrastructure assets through its investments in water, toll roads, power generation and distribution, healthcare services, and light rail and logistics in the Philippines.

Metro Pacific Investments Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Metro Pacific Investments
Historical stock prices
Current Share Price₱3.46
52 Week High₱4.18
52 Week Low₱3.45
Beta0.49
1 Month Change-7.98%
3 Month Change-8.47%
1 Year Change-12.18%
3 Year Change-27.62%
5 Year Change-48.36%
Change since IPO130.67%

Recent News & Updates

Shareholder Returns

MPIPH Diversified FinancialPH Market
7D-4.2%-2.5%0.03%
1Y-12.2%-13.0%-10.1%

Return vs Industry: MPI matched the PH Diversified Financial industry which returned -13% over the past year.

Return vs Market: MPI underperformed the PH Market which returned -10.1% over the past year.

Price Volatility

Is MPI's price volatile compared to industry and market?
MPI volatility
MPI Average Weekly Movement2.9%
Diversified Financial Industry Average Movement6.9%
Market Average Movement5.4%
10% most volatile stocks in PH Market10.4%
10% least volatile stocks in PH Market3.1%

Stable Share Price: MPI is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MPI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198654Manny Pangilinanhttps://www.mpic.com.ph

Metro Pacific Investments Corporation, an investment holding company, develops infrastructure assets through its investments in water, toll roads, power generation and distribution, healthcare services, and light rail and logistics in the Philippines. It operates through Power, Toll Operations, Water, Rail, and Others segments. The company provides water and sewerage services through a network of pipelines, pumping stations, and mini-boosters in the West Service Area of Metro Manila; and operates a network of 7,748 kilometers of pipelines.

Metro Pacific Investments Fundamentals Summary

How do Metro Pacific Investments's earnings and revenue compare to its market cap?
MPI fundamental statistics
Market Cap₱101.52b
Earnings (TTM)₱8.76b
Revenue (TTM)₱44.07b

11.6x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPI income statement (TTM)
Revenue₱44.07b
Cost of Revenue₱18.84b
Gross Profit₱25.23b
Other Expenses₱16.47b
Earnings₱8.76b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin57.26%
Net Profit Margin19.87%
Debt/Equity Ratio104.5%

How did MPI perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

35%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MPI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MPI?

Other financial metrics that can be useful for relative valuation.

MPI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8x
Enterprise Value/EBITDA14.8x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does MPI's PE Ratio compare to its peers?

MPI PE Ratio vs Peers
The above table shows the PE ratio for MPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.9x
V Vantage Equities
5.7xn/a₱3.2b
SPM Seafront Resources
16xn/a₱353.7m
APO Anglo Philippine Holdings
1.8xn/a₱2.3b
AMCL ANSA McAL
16.2xn/aTT$9.7b
MPI Metro Pacific Investments
11.6x20.8%₱101.5b

Price-To-Earnings vs Peers: MPI is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (9.9x).


Price to Earnings Ratio vs Industry

How does MPI's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

Price-To-Earnings vs Industry: MPI is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the PH Diversified Financial industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is MPI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MPI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MPI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MPI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MPI (₱3.46) is trading above our estimate of fair value (₱1.28)

Significantly Below Fair Value: MPI is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: MPI is good value based on its PEG Ratio (0.6x)


Discover undervalued companies

Future Growth

How is Metro Pacific Investments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPI's forecast earnings growth (20.8% per year) is above the savings rate (5%).

Earnings vs Market: MPI's earnings (20.8% per year) are forecast to grow slower than the PH market (21.3% per year).

High Growth Earnings: MPI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MPI's revenue (10.4% per year) is forecast to grow faster than the PH market (9.9% per year).

High Growth Revenue: MPI's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPI's Return on Equity is forecast to be low in 3 years time (7%).


Discover growth companies

Past Performance

How has Metro Pacific Investments performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MPI has a large one-off loss of ₱7.6B impacting its March 31 2022 financial results.

Growing Profit Margin: MPI's current net profit margins (19.9%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: MPI's earnings have declined by 31.5% per year over the past 5 years.

Accelerating Growth: MPI's earnings growth over the past year (374.1%) exceeds its 5-year average (-31.5% per year).

Earnings vs Industry: MPI earnings growth over the past year (374.1%) exceeded the Diversified Financial industry 21.9%.


Return on Equity

High ROE: MPI's Return on Equity (4.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Metro Pacific Investments's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MPI's short term assets (₱77.3B) exceed its short term liabilities (₱64.8B).

Long Term Liabilities: MPI's short term assets (₱77.3B) do not cover its long term liabilities (₱292.7B).


Debt to Equity History and Analysis

Debt Level: MPI's net debt to equity ratio (85.8%) is considered high.

Reducing Debt: MPI's debt to equity ratio has increased from 52.3% to 104.5% over the past 5 years.

Debt Coverage: MPI's debt is not well covered by operating cash flow (7.1%).

Interest Coverage: MPI's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Metro Pacific Investments's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MPI's dividend (3.19%) is higher than the bottom 25% of dividend payers in the PH market (1.53%).

High Dividend: MPI's dividend (3.19%) is low compared to the top 25% of dividend payers in the PH market (5.01%).


Stability and Growth of Payments

Stable Dividend: MPI's dividend payments have been volatile in the past 10 years.

Growing Dividend: MPI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.4%), MPI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MPI is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure


CEO

Manny Pangilinan (76 yo)

1.5yrs

Tenure

Mr. Manuel Velez Pangilinan, also known as Manny, founded First Pacific Company Limited in May 1981 and has been its Managing Director and Chief Executive Officer since June 3, 2003. Mr. Pangilinan served...


Leadership Team

Experienced Management: MPI's management team is seasoned and experienced (7.4 years average tenure).


Board Members

Experienced Board: MPI's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Metro Pacific Investments Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Metro Pacific Investments Corporation
  • Ticker: MPI
  • Exchange: PSE
  • Founded: 1986
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Implied Market Cap: ₱101.515b
  • Shares outstanding: 29.34b
  • Website: https://www.mpic.com.ph

Number of Employees


Location

  • Metro Pacific Investments Corporation
  • Tower 1
  • 9th Floor
  • Pasig
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.