Manila Water Company (MWC) Stock Overview

Provides water treatment and distribution, sewerage, and sanitation services in the Philippines, Indonesia, Vietnam, Thailand, and the Kingdom of Saudi Arabia. More details

MWC fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	5/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 54.3% below our estimate of its fair value

Revenue is forecast to grow 9.26% per year

Earnings grew by 50.5% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.86% is not well covered by free cash flows

MWC Community Fair Values

Create Narrative

See what 172 others think this stock is worth. Follow their fair value or set your own to get alerts.

View Stock Community

Manila Water Company, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Manila Water Company
Historical stock prices
Current Share Price	₱41.65
52 Week High	₱42.95
52 Week Low	₱29.90
Beta	0.93
1 Month Change	4.91%
3 Month Change	3.87%
1 Year Change	32.22%
3 Year Change	113.59%
5 Year Change	191.26%
Change since IPO	503.62%

Recent updates

Shareholder Returns

	MWC	PH Water Utilities	PH Market
7D	2.6%	-2.1%	-1.8%
1Y	32.2%	7.4%	-11.1%

Return vs Industry: MWC exceeded the PH Water Utilities industry which returned 8.6% over the past year.

Return vs Market: MWC exceeded the PH Market which returned -10.7% over the past year.

Price Volatility

Is MWC's price volatile compared to industry and market?
MWC volatility
MWC Average Weekly Movement	4.0%
Water Utilities Industry Average Movement	4.3%
Market Average Movement	5.5%
10% most volatile stocks in PH Market	11.0%
10% least volatile stocks in PH Market	3.0%

Stable Share Price: MWC has not had significant price volatility in the past 3 months compared to the PH market.

Volatility Over Time: MWC's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	n/a	Roberto Jose Locsin	www.manilawater.com

Manila Water Company, Inc., together with its subsidiaries, provides water treatment and distribution, sewerage, and sanitation services in the Philippines, Indonesia, Vietnam, Thailand, and the Kingdom of Saudi Arabia. The company offers integrated used water, pipework, engineering, procurement, and management services. It also provides wastewater and water construction services.

Manila Water Company, Inc. Fundamentals Summary

How do Manila Water Company's earnings and revenue compare to its market cap?
MWC fundamental statistics
Market cap	₱123.33b
Earnings (TTM)	₱15.81b
Revenue (TTM)	₱40.12b

7.8x

P/E Ratio

3.1x

P/S Ratio

Is MWC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MWC income statement (TTM)
Revenue	₱40.12b
Cost of Revenue	₱7.14b
Gross Profit	₱32.98b
Other Expenses	₱17.17b
Earnings	₱15.81b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	5.34
Gross Margin	82.21%
Net Profit Margin	39.41%
Debt/Equity Ratio	138.6%

How did MWC perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

33%

Payout Ratio

Does MWC pay a reliable dividends?

See MWC dividend history and benchmarks

When do you need to buy MWC by to receive an upcoming dividend?
Manila Water Company dividend dates
Ex Dividend Date	Mar 12 2026
Dividend Pay Date	Mar 27 2026
Days until Ex dividend	8 days
Days until Dividend pay date	7 days

Does MWC pay a reliable dividends?

See MWC dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/19 06:26
End of Day Share Price	2026/03/19 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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.

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 Github.

Analyst Sources

Manila Water Company, Inc. is covered by 13 analysts. 4 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
James McCafferty	CGS International
Edser Trinidad	CGS International

Manila Water Company (MWC) Stock Overview

Rewards

Risk Analysis

Manila Water Company, Inc. Competitors

Maynilad Water Services

Synergy Grid & Development Phils

Acen

First Gen

Price History & Performance

Recent News & Updates

Lead Independent Director recently sold ₱3.3m worth of stock

Consensus EPS estimates increase by 11%

Dividend of ₱2.03 announced

Manila Water Company, Inc. Approves Cash Dividend, Payable on March 27, 2026

Manila Water Company, Inc., Annual General Meeting, Apr 14, 2026

New minor risk - Insider selling

Recent updates

Lead Independent Director recently sold ₱3.3m worth of stock

Consensus EPS estimates increase by 11%

Dividend of ₱2.03 announced

Manila Water Company, Inc. Approves Cash Dividend, Payable on March 27, 2026

Manila Water Company, Inc., Annual General Meeting, Apr 14, 2026

New minor risk - Insider selling

Lead Independent Director recently sold ₱538k worth of stock

Lead Independent Director recently sold ₱3.8m worth of stock

Third quarter 2025 earnings released: EPS: ₱1.59 (vs ₱1.08 in 3Q 2024)

Lead Independent Director recently sold ₱2.2m worth of stock

Lead Independent Director recently sold ₱2.5m worth of stock

Lead Independent Director recently sold ₱2.9m worth of stock

Second quarter 2025 earnings released: EPS: ₱1.48 (vs ₱1.28 in 2Q 2024)

Lead Independent Director recently sold ₱4.7m worth of stock

Price target increased by 16% to ₱41.84

First quarter 2025 earnings released

Now 20% overvalued after recent price rise

Insider recently sold ₱2.8m worth of stock

Manila Water Company, Inc. Approves Board and Committee Changes

President recently sold ₱2.8m worth of stock

Dividend increased to ₱1.84

Full year 2024 earnings: Revenues in line with analyst expectations

Manila Water Company, Inc. Declares Special Cash Dividend, Payable on March 28, 2025

President recently bought ₱2.5m worth of stock

President recently bought ₱237k worth of stock

Third quarter 2024 earnings released: EPS: ₱1.08 (vs ₱0.67 in 3Q 2023)

Lead Independent Director recently sold ₱5.2m worth of stock

Chief Information Officer recently sold ₱1.4m worth of stock

Second quarter 2024 earnings released

New major risk - Revenue size

Consensus EPS estimates increase by 11%

Price target increased by 8.1% to ₱29.90

First quarter 2024 earnings released

Now 22% overvalued after recent price rise

Upcoming dividend of ₱1.13 per share

Full year 2023 earnings released

Manila Water Company, Inc., Annual General Meeting, Apr 25, 2024

Manila Water Company, Inc. Appoints Michael M. Mayo as Group Director for the Engineering Group

Third quarter 2023 earnings released

Manila Water Company, Inc. (PSE:MWC) announces an Equity Buyback for 288,998,734 shares, for PHP 4,960.58 million.

Manila Water Company, Inc. Announces Resignation of Jose Rene Gregory D. Almendras as Director and Ceases to Be Member of its Executive Committee

Manila Water Company, Inc. Appoints Ms. Valerie R. Tagada as Group Director for Supply Chain Management Group, Effective on October 16, 2023

Second quarter 2023 earnings released

Manila Water Company, Inc. Appoints Joemar B. Emboltorio as Group Director for East Zone Operations

Independent Director recently bought ₱1.9m worth of stock

First quarter 2023 earnings released

Upcoming dividend of ₱0.62 per share at 1.9% yield

Full year 2022 earnings released: EPS: ₱1.79 (vs ₱1.12 in FY 2021)

Manila Water Company, Inc. Announces Rafael D. Consing, Jr. to Ceases as Member of Executive Committee, Audit Committee, and Related Party Transactions Committee

Manila Water Company, Inc. Appoints Nestor Eric T. Sevilla, Jr. as the Group Director for Corporate Communication Affairs

Manila Water Company, Inc., Annual General Meeting, Apr 19, 2023

Upcoming dividend of ₱0.38 per share

Third quarter 2022 earnings released: EPS: ₱0.48 (vs ₱0.20 in 3Q 2021)

Less than half of directors are independent

President recently bought ₱804k worth of stock

President recently bought ₱233k worth of stock

President recently bought ₱300k worth of stock

President recently bought ₱316k worth of stock

Manila Water Company, Inc Announces Resignation of Fernando Zobel De Ayala as Member of the Board of Directors

President recently bought ₱164k worth of stock

Second quarter 2022 earnings released

President recently bought ₱213k worth of stock

President recently bought ₱318k worth of stock