How does SPC's PE Ratio compare to its peers?

SPC is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (5.5x).

How does SPC's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

SPC is good value based on its Price-To-Earnings Ratio (13.7x) compared to the Asian Renewable Energy industry average (14.1x).

What is SPC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate SPC's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of SPC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SPC (₱8.95) is trading above our estimate of [[fair value]] (₱1.69)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

SPC Power (PSE:SPC) - Stock Price, News & Analysis

SPC Stock Overview

Generates, distributes, and sells electricity in the Philippines. More details

SPC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	3/6

Risk Analysis

Earnings have declined by 11.1% per year over past 5 years

Dividend of 8.94% is not well covered by earnings or free cash flows

Profit margins (20.9%) are lower than last year (31.5%)

Large one-off items impacting financial results

SPC Power Corporation Competitors

Vivant

PSE:VVT

₱17.4b

Lopez Holdings

PSE:LPZ

₱13.9b

Alsons Consolidated Resources

PSE:ACR

₱2.9b

First Gen

PSE:FGEN

₱61.8b

Price History & Performance

Summary of all time highs, changes and price drops for SPC Power
Historical stock prices
Current Share Price	₱8.95
52 Week High	₱9.75
52 Week Low	₱6.70
Beta	0.32
11 Month Change	-2.72%
3 Month Change	-2.40%
1 Year Change	20.13%
33 Year Change	-36.07%
5 Year Change	0.56%
Change since IPO	376.06%

Recent updates

Shareholder Returns

	SPC	PH Renewable Energy	PH Market
7D	-1.5%	1.1%	1.5%
1Y	20.1%	-2.7%	15.9%

Return vs Industry: SPC exceeded the PH Renewable Energy industry which returned -2.7% over the past year.

Return vs Market: SPC exceeded the PH Market which returned 15.9% over the past year.

Price Volatility

Is SPC's price volatile compared to industry and market?
SPC volatility
SPC Average Weekly Movement	1.7%
Renewable Energy Industry Average Movement	5.0%
Market Average Movement	5.1%
10% most volatile stocks in PH Market	9.9%
10% least volatile stocks in PH Market	2.9%

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

Volatility Over Time: SPC's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	286	Dennis Villareal	www.spcpowergroup.com

SPC Power Corporation, together with its subsidiaries, generates, distributes, and sells electricity in the Philippines. The company operates through three segments: Generation, Distribution, and Other. It engages in the rehabilitation, operation, maintenance, and management of a 203.8 megawatt (MW) Naga Power Plant Complex in Colon, Naga, and Cebu.

SPC Power Corporation Fundamentals Summary

How do SPC Power's earnings and revenue compare to its market cap?
SPC fundamental statistics
Market cap	₱13.48b
Earnings (TTM)	₱977.16m
Revenue (TTM)	₱4.67b

13.7x

P/E Ratio

2.9x

P/S Ratio

Is SPC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPC income statement (TTM)
Revenue	₱4.67b
Cost of Revenue	₱4.30b
Gross Profit	₱375.24m
Other Expenses	-₱601.91m
Earnings	₱977.16m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.65
Gross Margin	8.03%
Net Profit Margin	20.92%
Debt/Equity Ratio	0%

How did SPC perform over the long term?

See historical performance and comparison

Dividends

8.9%

Current Dividend Yield

93%

Payout Ratio

SPC Stock Overview

Risk Analysis

SPC Power Corporation Competitors

PSE:VVT

₱17.4b

PSE:LPZ

₱13.9b

PSE:ACR

₱2.9b

PSE:FGEN

₱61.8b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ₱0.17 (vs ₱0.25 in 3Q 2023)

Second quarter 2024 earnings released: EPS: ₱0.42 (vs ₱0.37 in 2Q 2023)

First quarter 2024 earnings released: EPS: ₱0.07 (vs ₱0.18 in 1Q 2023)

Primelectric Holdings, Inc agreed to acquire an unknown stake in Bohol Light Company, Inc from SPC Power Corporation (PSE:SPC) for approximately PHP 200 million.

New major risk - Dividend sustainability

Full year 2023 earnings released: EPS: ₱0.78 (vs ₱0.85 in FY 2022)

Recent updates

Third quarter 2024 earnings released: EPS: ₱0.17 (vs ₱0.25 in 3Q 2023)

Second quarter 2024 earnings released: EPS: ₱0.42 (vs ₱0.37 in 2Q 2023)

First quarter 2024 earnings released: EPS: ₱0.07 (vs ₱0.18 in 1Q 2023)

Primelectric Holdings, Inc agreed to acquire an unknown stake in Bohol Light Company, Inc from SPC Power Corporation (PSE:SPC) for approximately PHP 200 million.

New major risk - Dividend sustainability

Full year 2023 earnings released: EPS: ₱0.78 (vs ₱0.85 in FY 2022)

SPC Power Corporation, Annual General Meeting, May 30, 2024

Upcoming dividend of ₱0.60 per share at 4.7% yield

Investor sentiment improves as stock rises 16%

Now 32% overvalued

Now 21% overvalued

Third quarter 2023 earnings released: EPS: ₱0.25 (vs ₱0.32 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₱0.37 (vs ₱0.22 in 2Q 2022)

SPC Power Corporation Approves the Declaration of Cash Dividends, Payable on or Before August 23, 2023

Full year 2022 earnings released: EPS: ₱0.85 (vs ₱0.80 in FY 2021)

Third quarter 2022 earnings released: EPS: ₱0.32 (vs ₱0.38 in 3Q 2021)

Less than half of directors are independent

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: ₱0.22 (vs ₱0.22 in 2Q 2021)

Insider recently sold ₱965k worth of stock

Now 23% undervalued after recent price drop

SSPC Power Corporation Approves the Declaration of Cash Dividends, Payable June 24, 2022

Upcoming dividend of ₱0.20 per share

Investor sentiment deteriorated over the past week

Key Executive recently sold ₱237k worth of stock

First quarter 2022 earnings released: EPS: ₱0.08 (vs ₱0.31 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: ₱0.80 (vs ₱1.07 in FY 2020)

SPC Power Corporation (PSE:SPC) completed the acquisition of Power Barges 102 and 103 from AC Energy Corporation (PSE:ACEN).

SPC Power Corporation, Annual General Meeting, May 31, 2022

SPC Power Corporation (PSE:SPC) completed the acquisition of Power Barges 102 and 103 from AC Energy Corporation (PSE:ACEN).

Intrepid Holdings, Inc. and SPC Power Corporation (PSE:SPC) agreed to acquire STEAG State Power, Inc. from STEAG GmbH for $52 million.

Spc Power Corporation Announces Election of Messrs. Lee Dal-Hun and Kim, Kilwon to the Board of Directors

Key Executive recently sold ₱1.7m worth of stock

Third quarter 2021 earnings released: EPS ₱0.38 (vs ₱0.25 in 3Q 2020)

Independent Non-Executive Director Ramon Sy has left the company

Second quarter 2021 earnings released: EPS ₱0.22 (vs ₱0.29 in 2Q 2020)

Spc Power Corporation Approves Declaration of Cash Dividends, Payable on Jun 22, 2021

First quarter 2021 earnings released: EPS ₱0.31 (vs ₱0.32 in 1Q 2020)

Full year 2020 earnings released: EPS ₱1.07 (vs ₱1.19 in FY 2019)

Director has left the company

Director has left the company

Upcoming dividend of ₱0.40 per share

New 90-day high: ₱11.12

SPC Power Corporation Announces Board Changes

New 90-day high: ₱11.00

New 90-day high: ₱10.30

New 90-day high - ₱9.17

First half earnings released

New 90-day high - ₱8.27