Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 391,493 284,545 276,335 279,792 272,230 235,285 - -
Change - -27.32% -2.89% 1.25% -2.7% -13.57% - -
Enterprise Value (EV) 1 639,381 507,935 514,956 551,367 556,923 526,973 504,592 487,949
Change - -20.56% 1.38% 7.07% 1.01% -5.38% -4.25% -3.3%
P/E 14.9x 27.3x 10.4x 8.68x 9.09x 7.51x 7.19x 6.9x
PBR 3.18x 2.62x 2.63x 2.42x 2.15x 1.71x 1.56x 1.48x
PEG - -0.5x 0x 0.4x -1.28x 1.65x 1.6x 1.62x
Capitalization / Revenue 2.03x 1.39x 1.31x 1.29x 1.25x 1.06x 1.03x 1.02x
EV / Revenue 3.31x 2.47x 2.44x 2.54x 2.55x 2.37x 2.22x 2.11x
EV / EBITDA 6.65x 5.06x 4.94x 5.08x 5.01x 4.72x 4.38x 4.2x
EV / EBIT 14.5x -92.3x 9.81x 10.9x 11.1x 9.79x 8.92x 8.36x
EV / FCF -52.6x -28.9x 54.2x 34.3x 22.2x 7.71x 7.73x 7.32x
FCF Yield -1.9% -3.47% 1.84% 2.91% 4.51% 13% 12.9% 13.7%
Dividend per Share 2 84 134 95 97 94 93.73 97.49 103.5
Rate of return 4.64% 10.2% 7.43% 7.49% 7.46% 8.61% 8.95% 9.51%
EPS 2 121.8 48.26 122.9 149.3 138.6 144.9 151.5 157.9
Distribution rate 69% 278% 77.3% 65% 67.8% 64.7% 64.4% 65.6%
Net sales 1 193,257 205,245 210,953 216,833 218,388 222,152 227,379 231,643
EBITDA 1 96,169 100,478 104,297 108,515 111,231 111,656 115,334 116,264
EBIT 1 44,000 -5,501 52,483 50,487 50,348 53,849 56,557 58,399
Net income 1 26,367 10,485 26,614 32,307 30,011 32,038 32,975 33,779
Net Debt 1 247,888 223,390 238,621 271,575 284,693 291,689 269,308 252,664
Reference price 2 1,812.00 1,317.00 1,279.00 1,295.00 1,260.00 1,089.00 1,089.00 1,089.00
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.($)
10.96x1.29x4.1x7.08% 221B
10.41x2.5x6.6x5.99% 196B
13x2.12x5.47x4.18% 148B
13.84x1.86x8.12x3.03% 91.12B
11.54x0.88x3.29x6.69% 79B
11.58x1.78x4.5x2.82% 66.07B
15x2.67x8.33x5.09% 57.66B
23.05x5.24x19.11x4.74% 54.68B
14.87x2.75x6.11x4.38% 51.37B
Average 13.81x 2.34x 7.29x 4.89% 107.12B
Weighted average by Cap. 12.66x 2.10x 6.37x 5.31%

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