MER Stock Overview
Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 6/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
Manila Electric Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₱351.00 |
| 52 Week High | ₱399.80 |
| 52 Week Low | ₱321.00 |
| Beta | 0.22 |
| 1 Month Change | -2.55% |
| 3 Month Change | -7.63% |
| 1 Year Change | 6.36% |
| 3 Year Change | 29.42% |
| 5 Year Change | -8.83% |
| Change since IPO | 244.62% |
Recent News & Updates
Recent updates
Shareholder Returns
| MER | PH Electric Utilities | PH Market | |
|---|---|---|---|
| 7D | -2.5% | 0.4% | 1.1% |
| 1Y | 6.4% | 26.7% | -2.0% |
Return vs Industry: MER underperformed the PH Electric Utilities industry which returned 26.7% over the past year.
Return vs Market: MER exceeded the PH Market which returned -2% over the past year.
Price Volatility
| MER volatility | |
|---|---|
| MER Average Weekly Movement | 3.6% |
| Electric Utilities Industry Average Movement | 5.4% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in PH Market | 12.4% |
| 10% least volatile stocks in PH Market | 2.6% |
Stable Share Price: MER has not had significant price volatility in the past 3 months.
Volatility Over Time: MER's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1903 | n/a | Manny Pangilinan | www.meralco.com.ph |
Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines. The company operates through two segments, Power and Other Services. It offers power to approximately 7.6 million industrial, commercial, and residential customers in 38 cities and 73 municipalities, including Metro Manila, and the provinces of Rizal, Cavite, and Bulacan, as well as parts of the provinces of Pampanga, Batangas, Laguna, and Quezon; distributes power to customers in Clark Special Economic Zone; and develops, finances, constructs, and operates solar-powered generation facilities, as well as owns coal and diesel-fired, and liquefied natural gas power plants.
Manila Electric Company Fundamentals Summary
| MER fundamental statistics | |
|---|---|
| Market cap | ₱394.48b |
| Earnings (TTM) | ₱38.02b |
| Revenue (TTM) | ₱443.61b |
10.4x
P/E Ratio0.9x
P/S RatioIs MER overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MER income statement (TTM) | |
|---|---|
| Revenue | ₱443.61b |
| Cost of Revenue | ₱357.33b |
| Gross Profit | ₱86.28b |
| Other Expenses | ₱48.26b |
| Earnings | ₱38.02b |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
Apr 29, 2024
| Earnings per share (EPS) | 33.74 |
| Gross Margin | 19.45% |
| Net Profit Margin | 8.57% |
| Debt/Equity Ratio | 59.4% |
How did MER perform over the long term?
See historical performance and comparison