PSE:TEL

Stock Analysis Report

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Executive Summary

PLDT Inc. operates as a telecommunications company in the Philippines. More Details


Snowflake Analysis

Good value with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has PLDT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TEL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

TEL

-2.8%

PH Wireless Telecom

-2.0%

PH Market


1 Year Return

20.7%

TEL

-0.8%

PH Wireless Telecom

-21.1%

PH Market

Return vs Industry: TEL exceeded the PH Wireless Telecom industry which returned -0.8% over the past year.

Return vs Market: TEL exceeded the PH Market which returned -21.1% over the past year.


Shareholder returns

TELIndustryMarket
7 Day-0.7%-2.8%-2.0%
30 Day-0.9%0.04%7.2%
90 Day-0.9%-2.7%8.2%
1 Year29.1%20.7%3.5%-0.8%-19.5%-21.1%
3 Year-4.6%-20.0%1.8%-9.1%-17.0%-21.9%
5 Year-13.1%-34.5%11.2%-8.1%2.7%-7.5%

Price Volatility Vs. Market

How volatile is PLDT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is PLDT undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TEL (PHP1328) is trading below our estimate of fair value (PHP8535.7)

Significantly Below Fair Value: TEL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TEL is good value based on its PE Ratio (12.7x) compared to the XA Wireless Telecom industry average (14.2x).

PE vs Market: TEL is good value based on its PE Ratio (12.7x) compared to the PH market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: TEL is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: TEL is overvalued based on its PB Ratio (2.5x) compared to the XA Wireless Telecom industry average (1.8x).


Next Steps

Future Growth

How is PLDT forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEL's forecast earnings growth (5.8% per year) is above the savings rate (5.1%).

Earnings vs Market: TEL's earnings (5.8% per year) are forecast to grow slower than the PH market (29.2% per year).

High Growth Earnings: TEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: TEL's revenue (5.4% per year) is forecast to grow slower than the PH market (12.1% per year).

High Growth Revenue: TEL's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TEL's Return on Equity is forecast to be low in 3 years time (19.9%).


Next Steps

Past Performance

How has PLDT performed over the past 5 years?

-5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TEL has high quality earnings.

Growing Profit Margin: TEL's current net profit margins (13%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: TEL's earnings have declined by 5.7% per year over the past 5 years.

Accelerating Growth: TEL's earnings growth over the past year (16.8%) exceeds its 5-year average (-5.7% per year).

Earnings vs Industry: TEL earnings growth over the past year (16.8%) exceeded the Wireless Telecom industry 1%.


Return on Equity

High ROE: TEL's Return on Equity (18.1%) is considered low.


Next Steps

Financial Health

How is PLDT's financial position?


Financial Position Analysis

Short Term Liabilities: TEL's short term assets (PHP99.8B) do not cover its short term liabilities (PHP198.8B).

Long Term Liabilities: TEL's short term assets (PHP99.8B) do not cover its long term liabilities (PHP231.8B).


Debt to Equity History and Analysis

Debt Level: TEL's debt to equity ratio (185.2%) is considered high.

Reducing Debt: TEL's debt to equity ratio has increased from 109.1% to 185.2% over the past 5 years.

Debt Coverage: TEL's debt is well covered by operating cash flow (28.7%).

Interest Coverage: TEL's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Next Steps

Dividend

What is PLDT current dividend yield, its reliability and sustainability?

5.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TEL's dividend (5.8%) is higher than the bottom 25% of dividend payers in the PH market (1.62%).

High Dividend: TEL's dividend (5.8%) is in the top 25% of dividend payers in the PH market (4.77%)


Stability and Growth of Payments

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

Growing Dividend: TEL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.8%), TEL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TEL's dividends in 3 years are forecast to be covered by earnings (59.9% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Telecom industry.

Management

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

4.8yrs

Average management tenure


CEO

Manny Pangilinan (74 yo)

4.75yrs

Tenure

₱4,250,000

Compensation

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

NamePositionTenureCompensationOwnership
Manuel Pangilinan
Chairman4.75yrs₱4.25m0.13%
PHP 378.4m
Ray Espinosa
Senior Advisor to President & CEO and Director21.83yrs₱3.75m0.015%
PHP 42.1m
Maria Lourdes Rausa-Chan
Corporate Secretary9.58yrs₱2.88m0.0045%
PHP 13.0m
Anabelle Chua
Senior VP5.42yrsno data0.011%
PHP 32.4m
Melissa V. de Dios
First VP & Head of Investor Relations9.42yrsno data0.0016%
PHP 4.6m
Marilyn Victorio-Aquino
Senior VP & Chief Legal Counsel1.83yrsno data0.0011%
PHP 3.3m
Catherine Yang
First VP & Group Corporate Communications Officer0.25yrno datano data
Mary Nadal-Wei
VP & Head of Strategic Partnerships and Corporate Development1.17yrsno datano data
Gina Marina Ordoñez
Senior VP & Chief People Officer1.58yrsno data0.0024%
PHP 6.8m
Emiliano Tanchico
First VPno datano data0.0021%
PHP 6.0m
Victorico P. Vargas
Head of Business Transformation Office20.58yrsno data0.0060%
PHP 17.2m
Alfredo Panlilio
Executive VP & Chief Revenue Officer1.25yrsno data0.0052%
PHP 15.0m

4.8yrs

Average Tenure

64yo

Average Age

Experienced Management: TEL's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Manuel Pangilinan
Chairman4.75yrs₱4.25m0.13%
PHP 378.4m
Ray Espinosa
Senior Advisor to President & CEO and Director21.83yrs₱3.75m0.015%
PHP 42.1m
Maria Lourdes Rausa-Chan
Corporate Secretary9.58yrs₱2.88m0.0045%
PHP 13.0m
Pedro Emilio Roxas
Independent Director19.58yrs₱4.88m0.00011%
PHP 315.6k
Helen Dee
Non-Executive Director34.25yrs₱2.25m0.0014%
PHP 4.2m
Albert Del Rosario
Non-Executive Director4.25yrs₱3.75m0.066%
PHP 189.1m
Roberto Romulo
Member of Advisory Committee13.25yrsno datano data
Christopher Huxley Young
Member of Advisory Committee13.25yrsno datano data
Oscar Reyes
Member of Advisory Committeeno datano datano data
Benny Santoso
Member of Advisory Committee13.25yrsno datano data
Orlando Vea
Member of Advisory Committee12.75yrsno datano data
Artemio Panganiban
Lead Independent Director1.58yrs₱5.25m0.0025%
PHP 7.1m

13.3yrs

Average Tenure

71.5yo

Average Age

Experienced Board: TEL's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TEL 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

PLDT Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PLDT Inc.
  • Ticker: TEL
  • Exchange: PSE
  • Founded: 1928
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: ₱286.922b
  • Shares outstanding: 216.06m
  • Website: https://www.pldt.com

Number of Employees


Location

  • PLDT Inc.
  • Ramon Cojuangco Building
  • Makati Avenue
  • Makati City
  • 1200
  • Philippines

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHINYSE (New York Stock Exchange)SPONSORED ADRUSUSDJan 1968
PHTC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1968
PLODB (Deutsche Boerse AG)SPONSORED ADRDEEURJan 1968
TELPSE (Philippines Stock Exchange)YesCommon StockPHPHPJan 1968
TLJJPSE (Philippines Stock Exchange)10% PRF CONV JJPHPHPApr 2017

Biography

PLDT Inc. operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The company offers cellular mobile, Internet broadband distr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 15:45
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.