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MarketScreener Homepage  >  Equities  >  Philippines Stock Exchange  >  Manila Electric Company    MER   PHY5764J1483

MANILA ELECTRIC COMPANY

(MER)
  Report
End-of-day quote. End-of-day quote Philippines Stock Exchange - 10/29
294 PHP   +1.03%
10/26MANILA ELECTRIC : 9-Months Net Fell 39%
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08/13JG Summit Reports 1st Half Loss, Covid Hits Cebu Air, Petrochemical Business
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Manila Electric : First-Half Net Profit Fell 43% as Covid-19 Hurt Business

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07/27/2020 | 09:43pm EDT

By P.R. Venkat

Manila Electric Co.'s first-half net profit fell 43% on lower demand for electricity due to the Covid-19 restrictions.

Net profit during the January-June period was 6.84 billion Philippine pesos ($138.3 million), the company said Tuesday.

Revenue also fell 14% on year to PHP142.25 billion.

The company said electricity demand from industrial and commercial segments were lower due to restrictions imposed by the government to prevent the spread of Covid-19 pandemic in the country.

Manila Electric said that uncertainty remained as the effects of Covid-19 continue to impact the country.

"We are moving with caution, but remain positive that a recovery is in the offing," Manuel V. Pangilinan, chairman of Manila Electric said.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 


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Financials
Sales 2020 302 B 6 243 M 6 243 M
Net income 2020 20 094 M 415 M 415 M
Net cash 2020 12 367 M 255 M 255 M
P/E ratio 2020 15,9x
Yield 2020 4,86%
Capitalization 331 B 6 837 M 6 846 M
EV / Sales 2020 1,06x
EV / Sales 2021 0,96x
Nbr of Employees 5 755
Free-Float 20,5%
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Technical analysis trends MANILA ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 307,00 PHP
Last Close Price 294,00 PHP
Spread / Highest target 30,3%
Spread / Average Target 4,42%
Spread / Lowest Target -9,86%
EPS Revisions
Managers
NameTitle
Ray Celis Espinosa President, Chief Executive Officer & Director
Manuel Velez Pangilinan Chairman
Betty C. Siy-Yap Chief Finance Officer & Senior Vice President
Maria T. Migrino Chief Information Security Officer & VP
Roque D. Bacani Head-Information, Communications & Technology
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