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 6.5% 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 Growth	6.3%
Revenue growth rate	11.4%
Return on equity	25.4%
Net Margin	9.4%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

OTCPK:MERV.F Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	463,804	43,379	18,839
30 Jun 24	456,269	42,611	18,793
31 Mar 24	442,518	39,549	18,180
31 Dec 23	443,612	38,023	17,856
30 Sep 23	446,876	37,072	20,110
30 Jun 23	451,743	33,163	19,670
31 Mar 23	446,266	30,121	18,550
31 Dec 22	426,529	28,431	18,612
30 Sep 22	401,714	26,734	16,104
30 Jun 22	369,056	26,670	16,208
31 Mar 22	339,740	25,545	16,452
31 Dec 21	318,547	23,498	16,598
30 Sep 21	292,813	21,586	14,117
30 Jun 21	282,147	19,421	13,407
31 Mar 21	269,987	18,031	12,614
31 Dec 20	275,304	16,316	12,523
30 Sep 20	291,397	16,216	13,522
30 Jun 20	295,616	18,122	13,811
31 Mar 20	312,966	20,233	13,812
31 Dec 19	318,315	23,285	13,464
30 Sep 19	318,169	23,126	13,027
30 Jun 19	318,863	23,051	13,147
31 Mar 19	309,025	23,376	12,970
31 Dec 18	304,454	23,017	13,046
30 Sep 18	295,578	22,668	26,031
30 Jun 18	292,068	21,856	39,372
31 Mar 18	286,787	20,879	63,446
31 Dec 17	282,556	20,384	12,969
30 Sep 17	276,406	19,428	63,910
30 Jun 17	269,409	18,909	63,318
31 Mar 17	263,584	19,446	62,930
31 Dec 16	257,181	19,176	62,709
30 Sep 16	256,516	18,625	62,429
30 Jun 16	253,195	18,119	60,508
31 Mar 16	255,982	19,224	58,916
31 Dec 15	258,399	19,098	58,930
30 Sep 15	260,493	19,894	57,606
30 Jun 15	268,176	20,163	57,401
31 Mar 15	273,817	18,466	56,492
31 Dec 14	266,336	18,053	56,110
30 Sep 14	293,429	17,875	32,178
30 Jun 14	289,106	17,407	20,726
31 Mar 14	288,925	17,195	58,317
31 Dec 13	298,636	17,211	58,244

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

Growing Profit Margin: MERV.F'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: MERV.F's earnings have grown by 18.5% per year over the past 5 years.

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

Earnings vs Industry: MERV.F earnings growth over the past year (17%) exceeded the Electric Utilities industry 11.4%.

Return on Equity

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

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 13:15
End of Day Share Price	2024/12/23 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. 9 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