Manila Electric Management

Management criteria checks 4/4

Manila Electric's CEO is Manny Pangilinan, appointed in May 2023, has a tenure of 1.58 years. directly owns 0.006% of the company’s shares, worth ₱31.74M. The average tenure of the management team and the board of directors is 6.4 years and 11 years respectively.

Key information

Manny Pangilinan

Chief executive officer

₱2.2m

Total compensation

CEO salary percentage	n/a
CEO tenure	1.6yrs
CEO ownership	0.006%
Management average tenure	6.4yrs
Board average tenure	11yrs

Recent management updates

Recent updates

CEO

Manny Pangilinan (78 yo)

1.6yrs

Tenure

₱2,200,000

Compensation

Mr. Manuel Velez Pangilinan, also known as Manny, serves as Director since December 22, 2023 at Axelum Resources Corp. He has been Chairman of SP New Energy Corporation since 2023. He had been President an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Manuel Pangilinan	Chairman & CEO	1.6yrs	₱2.20m	0.0058% ₱ 31.7m
Betty Siy-Yap	CFO, Chief Risk Officer & Senior VP	15.4yrs	no data	no data
Ronnie Aperocho	Executive VP & COO	1.4yrs	no data	0% ₱ 0
Roque Bacani	First VP and Head of Information Communications	5.5yrs	no data	no data
Paul Jayson Ramos	VP & Chief Investor Relations Officer	less than a year	no data	no data
William Pamintuan	SVP, CLC	no data	no data	no data
Agapito Del Zaldarriaga	VP & Head of Corporate Communications	4yrs	no data	0.00092% ₱ 5.1m
Edgardo Carasig	Senior VP	6.4yrs	no data	no data
Ross Raymond B. Ravelo	First VP & Chief Sustainability Officer	13.6yrs	no data	no data
Bennette Bachoco	First VP and Head of DU Finance and Financial Planning & Reporting	13.4yrs	no data	no data
Ireneo Bonifacio Acuña	VP & Head of Utility Partnerships	11.9yrs	no data	0.0016% ₱ 9.0m
Ferdinand Geluz	Senior VP & Chief Revenue Officer of OIC Subsidiary Businesses	11.9yrs	no data	0.0014% ₱ 7.8m

6.4yrs

Average Tenure

58yo

Average Age

Experienced Management: MER's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Manuel Pangilinan	Chairman & CEO	15.6yrs	₱2.20m	0.0058% ₱ 31.7m
Victorico P. Vargas	Non Executive Director	5.6yrs	₱2.53m	0.0021% ₱ 11.7m
Pedro Emilio Roxas	Independent Director	14.6yrs	₱2.89m	0.000090% ₱ 495.0k
Ray Espinosa	Non-Executive Director	15.6yrs	₱2.10m	0.0059% ₱ 32.2m
Lance Gokongwei	Vice Chairman	11yrs	₱2.65m	0.0026% ₱ 14.3m
Patrick Henry Go	Director	less than a year	no data	0.00015% ₱ 825.0k
Maria Lim	Non Executive Director	12.6yrs	₱2.09m	0.016% ₱ 87.3m
James Gokongwei	Non Executive Director	11yrs	₱2.65m	0.019% ₱ 102.2m
Lydia R. Echauz	Independent Director	3.6yrs	₱2.63m	0.0014% ₱ 7.9m
June Cheryl Cabal-Revilla	Non-Executive Director	1.6yrs	₱1.48m	0.00044% ₱ 2.4m
Artemio Panganiban	Lead Independent Director	16.6yrs	₱2.44m	0.0029% ₱ 15.7m

11.0yrs

Average Tenure

72yo

Average Age

Experienced Board: MER's board of directors are seasoned and experienced ( 11 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 01:47
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Manila Electric Company is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Julian Vincent Roxas	BofA Global Research
Eunice Dolatre	CGS International
Siew Khee Lim	CGS International

Manila Electric Management

Management criteria checks 4/4

Key information

Recent management updates

Lead Independent Director recently bought ₱1.4m worth of stock

Lead Independent Director recently bought ₱964k worth of stock

Chairman & CEO recently bought ₱2.0m worth of stock

Manila Electric Company Approves Appointment of Paul Jayson I. Ramos as Chief Investor Relations Officer of the Company Effective July 1, 2024

Non Executive Director recently bought ₱1.4m worth of stock

Non Executive Director recently bought ₱3.6m worth of stock

Recent updates

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: EPS: ₱10.04 (vs ₱9.36 in 3Q 2023)

Price target increased by 9.5% to ₱471

Lead Independent Director recently bought ₱1.4m worth of stock

Lead Independent Director recently bought ₱964k worth of stock

Manila Electric Company Confirms the Receipts of Court's Decision on Civil Case No. 1039

Upcoming dividend of ₱10.30 per share

Now 21% overvalued after recent price rise

Chairman & CEO recently bought ₱2.0m worth of stock

Consensus EPS estimates increase by 11%

First half dividend of ₱10.30 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Manila Electric Company Declares Interim Cash Dividend, Payable on September 23, 2024

Manila Electric Company Approves Appointment of Paul Jayson I. Ramos as Chief Investor Relations Officer of the Company Effective July 1, 2024

Consensus EPS estimates increase by 15%

Non Executive Director recently bought ₱1.4m worth of stock

Consensus EPS estimates increase by 19%

First quarter 2024 earnings released: EPS: ₱8.51 (vs ₱7.16 in 1Q 2023)

Non Executive Director recently bought ₱3.6m worth of stock

Upcoming dividend of ₱11.24 per share

Insider recently bought ₱730k worth of stock

Final dividend increased to ₱11.24

Manila Electric Company Announces Declaration of Cash Dividends, Payable on April 24, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Manila Electric Company to Report Fiscal Year 2023 Results on Feb 26, 2024

Non Executive Director recently bought ₱3.6m worth of stock

Non Executive Director recently bought ₱3.6m worth of stock

Manila Electric Company, Annual General Meeting, May 28, 2024

Manila Electric Company Announces Clarification About Motions for Reconsideration Filed by the Energy Regulatory Commission and the National Association of Electricity Consumers for Reforms Inc

Non Executive Director recently sold ₱3.9m worth of stock

Manila Electric Company Announces Resignation of Frederick Dy Go as Director, Effective January 8, 2024

Manila Electric Company Approves Executive Changes, Effective January 1, 2024

Lead Independent Director recently bought ₱4.9m worth of stock

Manila Electric Company Appoints Marilene P. Tayag as Vice President and Chief Information Security Officer, Effective January 1, 2024

Consensus EPS estimates increase by 12%

Third quarter 2023 earnings: EPS exceeds analyst expectations

Insider recently bought ₱500k worth of stock

Manila Electric Company Appoints Marilene P. Tayag as Chief Information Security Officer Effective on November 16, 2023

Executive Director recently bought ₱1.7m worth of stock

Non Executive Director recently bought ₱17m worth of stock

Upcoming dividend of ₱8.52 per share at 5.6% yield

On-Us Solutions Inc entered in a share purchase agreement to acquire eSAKAY, INC from Manila Electric Company (PSE:MER) for PHP 87.4 million.

Upcoming dividend of ₱8.52 per share at 4.8% yield

Consensus EPS estimates increase by 19%

Manila Electric Company Approves Interim Cash Dividend, Payable on September 14, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Manila Electric Company Announces Management Changes

Consensus EPS estimates increase by 14%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₱11.03 per share at 5.4% yield

Consensus EPS estimates increase by 12%, revenue downgraded

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Insider recently bought ₱286k worth of stock

Now 20% undervalued after recent price drop

Manila Electric Company, Annual General Meeting, May 30, 2023

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ₱5.89 (vs ₱5.83 in 3Q 2021)

Manila Electric Company Announces Resignation of Maria Carmela T. Migriño as Chief Information Security Officer, Effective November 1, 2022

Manila Electric Company Updates on Energy Regulatory Commission Decision on Power Supply Agreements with South Premiere Power Corporation and Sam Miguel Energy Corporation

Non Executive Director recently bought ₱4.6m worth of stock

Upcoming dividend of ₱5.81 per share

First VP recently bought ₱978k worth of stock

Second quarter 2022 earnings released: EPS: ₱6.70 (vs ₱4.98 in 2Q 2021)

Manila Electric Company Approves Declaration of Interim Cash Dividends, Payable on September 14, 2022

Non Executive Director recently bought ₱1.8m worth of stock

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Insider recently sold ₱935k worth of stock