Manila Electric Company

PSE:MER Stock Report

Market Cap: ₱509.4b

Manila Electric Past Earnings Performance

Past criteria checks 4/6

Manila Electric has been growing earnings at an average annual rate of 18.5%, while the Electric Utilities industry saw earnings growing at 5.1% annually. Revenues have been growing at an average rate of 11.4% per year. Manila Electric's return on equity is 25.4%, and it has net margins of 9.4%.

Key information

18.5%

Earnings growth rate

18.5%

EPS growth rate

Electric Utilities Industry Growth7.3%
Revenue growth rate11.4%
Return on equity25.4%
Net Margin9.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Manila Electric makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:MER Revenue, expenses and earnings (PHP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24463,80443,37918,8390
30 Jun 24456,26942,61118,7930
31 Mar 24442,51839,54918,1800
31 Dec 23443,61238,02317,8560
30 Sep 23446,87637,07220,1100
30 Jun 23451,74333,16319,6700
31 Mar 23446,26630,12118,5500
31 Dec 22426,52928,43118,6120
30 Sep 22401,71426,73416,1040
30 Jun 22369,05626,67016,2080
31 Mar 22339,74025,54516,4520
31 Dec 21318,54723,49816,5980
30 Sep 21292,81321,58614,1170
30 Jun 21282,14719,42113,4070
31 Mar 21269,98718,03112,6140
31 Dec 20275,30416,31612,5230
30 Sep 20291,39716,21613,5220
30 Jun 20295,61618,12213,8110
31 Mar 20312,96620,23313,8120
31 Dec 19318,31523,28513,4640
30 Sep 19318,16923,12613,0270
30 Jun 19318,86323,05113,1470
31 Mar 19309,02523,37612,9700
31 Dec 18304,45423,01713,0460
30 Sep 18295,57822,66826,0310
30 Jun 18292,06821,85639,3720
31 Mar 18286,78720,87963,4460
31 Dec 17282,55620,38412,9690
30 Sep 17276,40619,42863,9100
30 Jun 17269,40918,90963,3180
31 Mar 17263,58419,44662,9300
31 Dec 16257,18119,17662,7090
30 Sep 16256,51618,62562,4290
30 Jun 16253,19518,11960,5080
31 Mar 16255,98219,22458,9160
31 Dec 15258,39919,09858,9300
30 Sep 15260,49319,89457,6060
30 Jun 15268,17620,16357,4010
31 Mar 15273,81718,46656,4920
31 Dec 14266,33618,05356,1100
30 Sep 14293,42917,87532,1780
30 Jun 14289,10617,40720,7260
31 Mar 14288,92517,19558,3170
31 Dec 13298,63617,21158,2440

Quality Earnings: MER has a high level of non-cash earnings.

Growing Profit Margin: MER's current net profit margins (9.4%) are higher than last year (8.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MER's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: MER's earnings growth over the past year (17%) is below its 5-year average (18.5% per year).

Earnings vs Industry: MER earnings growth over the past year (17%) exceeded the Electric Utilities industry -9%.

Return on Equity

High ROE: MER's Return on Equity (25.4%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 04:40
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Julian Vincent RoxasBofA Global Research
Eunice DolatreCGS International
Siew Khee LimCGS International