Stock MER MANILA ELECTRIC COMPANY
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PDF Report : Manila Electric Company

Company Manila Electric Company

Equities

MER

PHY5764J1483

Electric Utilities

End-of-day quote Philippines Stock Exchange
Other stock markets
 06:00:00 2023-11-30 pm EST 		Intraday chart for Manila Electric Company 5-day change 1st Jan Change
367.00 PHP +1.94% -0.97% +22.82%
Nov. 15 Manila Electric Company Announces Executive Changes CI
Nov. 13 Manila Electric Company Appoints Marilene P. Tayag as Vice President and Chief Information Security Officer, Effective January 1, 2024 CI

Business Summary

Manila Electric Co. is a electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.

Number of employees : 5,815

Sales per Business

PHP in Million2021Weight2022Weight Delta
Power
97.1 %
309,238 97.1 % 413,950 97.1 % +33.86%
Other
4.0 %
15,250 4.8 % 17,012 4.0 % +11.55%
Inter-segment Transactions
-1.0 %
-5,941 -1.9 % -4,433 -1.0 % -25.38%

Sales per region

PHP in Million2021Weight2022Weight Delta
Philippines
100.0 %
318,547 100.0 % 426,529 100.0 % +33.90%

Managers

Managers TitleAgeSince
Manuel Pangilinan CEO
 Chief Executive Officer 76 2009
Betty Siy-Yap DFI
 Director of Finance/CFO 61 2009
Ricardo Carmelo Buenafe CMP
 Compliance Officer - 2021
Roque Bacani CTO
 Chief Tech/Sci/R&D Officer 47 2019
Jocelyn Villar-Altamira CMP
 Compliance Officer - -
William Pamintuan CMP
 Compliance Officer 61 2011
Ray Espinosa BRD
 Director/Board Member 66 2009
Cecilia M. Domingo PRN
 Corporate Officer/Principal - -
Jeffrey O. Tarayao PRN
 Corporate Officer/Principal - -
Francis Euston R. Acero PRN
 Corporate Officer/Principal - 2021

Members of the board

Members of the board TitleAgeSince
Manuel Pangilinan CEO
 Chief Executive Officer 76 2009
Lance Gokongwei BRD
 Director/Board Member 56 2013
James Go BRD
 Director/Board Member 83 2013
Ray Espinosa BRD
 Director/Board Member 66 2009
Anabelle Lim-Chua BRD
 Director/Board Member 62 2016
Pedro Emilio Roxas BRD
 Director/Board Member 67 2010
Victorico Vargas BRD
 Director/Board Member 70 2019
Frederick Go BRD
 Director/Board Member 53 2019
Jose Maria Lim BRD
 Director/Board Member 70 2012
Artemio Panganiban BRD
 Director/Board Member 86 2007

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,127,000,000 244,439,764 ( 21.69 %) 172,412 ( 0.0153 %) 21.69 %

Shareholders

NameEquities%Valuation
METRO PACIFIC INVESTMENTS CORPORATION
47.46 %
534,966,042 47.46 % 3 347 M ₱
JG SUMMIT HOLDINGS, INC.
26.37 %
297,189,397 26.37 % 1 859 M ₱
The Vanguard Group, Inc.
0.9166 %
10,330,531 0.9166 % 65 M ₱
BlackRock Fund Advisors
0.5468 %
6,162,720 0.5468 % 39 M ₱
Mantes Corp.
0.2206 %
2,486,427 0.2206 % 16 M ₱
BlackRock Advisors (UK) Ltd.
0.1340 %
1,510,110 0.1340 % 9 M ₱
Geode Capital Management LLC
0.1034 %
1,165,430 0.1034 % 7 M ₱
Dimensional Fund Advisors LP
0.0760 %
856,813 0.0760 % 5 M ₱
State Street Global Advisors Ltd.
0.0688 %
775,382 0.0688 % 5 M ₱
Mellon Investments Corp.
0.0568 %
640,520 0.0568 % 4 M ₱

Company contact information

Manila Electric Co.

Lopez Building Ortigas Avenue, 8th Floor

1605, Pasig

+63 8 632 8014

http://www.meralco.com.ph
address Manila Electric Company(MER)

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Ratings for Manila Electric Company

Trading Rating :
Investor Rating :
ESG Refinitiv :
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
367.00PHP
Average target price
381.35PHP
Spread / Average Target
+3.91%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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