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

SPC Stock Overview

SPC Power Corporation, together with its subsidiaries, generates, distributes, and sells electricity in the Philippines.

About the company

SPC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 60.7% below our estimate of its fair value

Risk Analysis

Dividend of 13.13% is not well covered by earnings or cash flows

Earnings have declined by 9.7% per year over past 5 years

SPC Power Corporation Competitors

Vivant

PSE:VVT

₱16.2b

Lopez Holdings

PSE:LPZ

₱17.0b

Alsons Consolidated Resources

PSE:ACR

₱3.3b

First Gen

PSE:FGEN

₱69.1b

Price History & Performance

Summary of all time highs, changes and price drops for SPC Power
Historical stock prices
Current Share Price	₱9.14
52 Week High	₱9.75
52 Week Low	₱6.70
Beta	0.31
1 Month Change	2.70%
3 Month Change	30.39%
1 Year Change	2.47%
3 Year Change	-12.28%
5 Year Change	32.46%
Change since IPO	386.17%

Recent updates

Shareholder Returns

	SPC	PH Renewable Energy	PH Market
7D	-5.7%	1.7%	0.3%
1Y	2.5%	-16.4%	-1.4%

Return vs Industry: SPC exceeded the PH Renewable Energy industry which returned -16.4% over the past year.

Return vs Market: SPC exceeded the PH Market which returned -1.4% over the past year.

Price Volatility

Is SPC's price volatile compared to industry and market?
SPC volatility
SPC Average Weekly Movement	5.6%
Renewable Energy Industry Average Movement	5.4%
Market Average Movement	5.1%
10% most volatile stocks in PH Market	12.5%
10% least volatile stocks in PH Market	2.7%

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

Volatility Over Time: SPC's weekly volatility (6%) 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	₱13.68b
Earnings (TTM)	₱1.17b
Revenue (TTM)	₱4.55b

11.7x

P/E Ratio

3.0x

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	₱4.55b
Cost of Revenue	₱3.70b
Gross Profit	₱857.16m
Other Expenses	-₱312.73m
Earnings	₱1.17b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.78
Gross Margin	18.83%
Net Profit Margin	25.70%
Debt/Equity Ratio	0%

How did SPC perform over the long term?

See historical performance and comparison

Dividends

13.1%

Current Dividend Yield

154%

Payout Ratio

SPC Stock Overview

Rewards

Risk Analysis

SPC Power Corporation Competitors

PSE:VVT

₱16.2b

PSE:LPZ

₱17.0b

PSE:ACR

₱3.3b

PSE:FGEN

₱69.1b

Price History & Performance

Recent News & Updates

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%

Recent updates

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