Obermatt

Manila Electric

PHS:MER · PHY5764J1483
Electric UtilitiesLarge

360

36
EV / EBIT50
Price / Owner Earnings68
Owner Earnings Yield1
Dividend Yield89
Price/Sales69
EV / Gross Profit60
Price/Book6
Return on Capital85
Cash Return on Capital13
Return on Equity100
EBIT Margin11
Gross Profitability63
Cash Conversion16
Accruals11
Owner Earnings Margin43
Sales growth37
Profit Growth85
Long-Term EPS Growth65
Reinvestment33
Price momentum43
Debt load47
Refinancing3
Debt Payback1
Liquidity88
Analyst ratings35
Opinion Changes88
Price Target Upside73
Market mood18
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Manila Electric clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryPhilippines
IndustryElectric Utilities
SizeLarge
TypePublic Company
ExchangePSE
Founded1919
Employees2,335
ISINPHY5764J1483
Last UpdateApr 2, 2026
Index & Theme
Clean EnergyProcess AutomationEnergy ManagementEnergy EfficiencyPower GridElectric Vehicle Charging InfrastructureElectrical DistributionEnergyPublic Transportation

Description

Manila Electric Company engages in the distribution and sale of electric energy through its distribution network facilities in its franchise area. The company’s distributes electricity in 50 franchise areas in Metro Manila and in six surrounding prov…

Analysis

Middle-of-the-road

Manila Electric Company sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

Valuation data is not available for this company.

Growth is moderate; the safety picture is adequate. The company scores 8/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: The financial cushion is thinner than comfortable. Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
49
2023202420252026

All-time high

88

Jan 2025

All-time low

46

Mar 2026

Average rank

66

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
69
66
78
72
Price/Earnings
84
56
47
35
Price/Book
6
12
11
10
Dividend Yield
89
67
71
69
Value (overall)
75
46
51
38

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →