Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 391,493 284,545 276,335 279,792 272,230 257,106 - -
Change - -27.32% -2.89% 1.25% -2.7% -5.56% - -
Enterprise Value (EV) 1 639,381 507,935 514,956 551,367 556,923 545,817 530,249 517,698
Change - -20.56% 1.38% 7.07% 1.01% -1.99% -2.85% -2.37%
P/E 14.9x 27.3x 10.4x 8.68x 9.09x 8.15x 7.79x 7.43x
PBR 3.18x 2.62x 2.63x 2.42x 2.15x 1.84x 1.69x 1.61x
PEG - -0.5x 0x 0.4x -1.28x 1.54x 1.68x 1.54x
Capitalization / Revenue 2.03x 1.39x 1.31x 1.29x 1.25x 1.17x 1.12x 1.1x
EV / Revenue 3.31x 2.47x 2.44x 2.54x 2.55x 2.48x 2.31x 2.22x
EV / EBITDA 6.65x 5.06x 4.94x 5.08x 5.01x 4.88x 4.55x 4.38x
EV / EBIT 14.5x -92.3x 9.81x 10.9x 11.1x 10.1x 9.11x 8.64x
EV / FCF -52.6x -28.9x 54.2x 34.3x 22.2x 9.29x 9.25x 7.77x
FCF Yield -1.9% -3.47% 1.84% 2.91% 4.51% 10.8% 10.8% 12.9%
Dividend per Share 2 84 134 95 97 94 93.5 99.91 104.4
Rate of return 4.64% 10.2% 7.43% 7.49% 7.46% 7.86% 8.4% 8.78%
EPS 2 121.8 48.26 122.9 149.3 138.6 146 152.7 160.1
Distribution rate 69% 278% 77.3% 65% 67.8% 64.1% 65.4% 65.2%
Net sales 1 193,257 205,245 210,953 216,833 218,388 220,050 229,521 233,387
EBITDA 1 96,169 100,478 104,297 108,515 111,231 111,895 116,510 118,170
EBIT 1 44,000 -5,501 52,483 50,487 50,348 54,287 58,177 59,921
Net income 1 26,367 10,485 26,614 32,307 30,011 32,136 33,614 34,320
Net Debt 1 247,888 223,390 238,621 271,575 284,693 288,711 273,142 260,592
Reference price 2 1,812.00 1,317.00 1,279.00 1,295.00 1,260.00 1,190.00 1,190.00 1,190.00
Nbr of stocks (in thousands) 216,056 216,056 216,056 216,056 216,056 216,056 - -
Announcement Date 03/03/22 23/03/23 07/03/24 27/02/25 26/02/26 - - -
1PHP in Million2PHP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.16x2.47x4.88x7.85% 4.16B
11.6x1.36x4.26x6.82% 230B
10.69x2.54x6.72x5.82% 202B
13.92x2.23x5.73x3.91% 160B
12.03x0.91x3.46x6.52% 83.89B
12.78x1.81x7.72x3.31% 81.82B
11.89x1.82x4.59x2.73% 71.05B
15.36x2.68x8.39x5.05% 58.12B
23.84x5.39x19.69x4.39% 56.69B
16.1x2.83x6.33x4.31% 52.09B
Average 13.64x 2.40x 7.18x 5.07% 100.01B
Weighted average by Cap. 13.07x 2.16x 6.46x 5.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield