Manila Electric Company

MER

PHY5764J1483

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.

Sector

Electric Utilities

Calendar

2024-02-25 - Q4 2023 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Manila Electric Company

Trading Rating :

Investor Rating :

ESG Refinitiv :

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

372.6PHP

Average target price

388.6PHP

Spread / Average Target

+4.29%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electric Utilities

	1st Jan change	Capi.
MANILA ELECTRIC COMPANY	+24.70%	7 550 M $
NEXTERA ENERGY	-28.59%	122 B $
IBERDROLA, S.A.	+7.91%	79 123 M $
SOUTHERN COMPANY	+0.13%	77 979 M $
DUKE ENERGY CORPORATION	-8.35%	72 747 M $
ENEL S.P.A.	+30.54%	71 714 M $
AMERICAN ELECTRIC POWER COMPANY, INC.	-16.12%	41 881 M $
DOMINION ENERGY, INC.	-22.55%	39 739 M $
EXELON CORPORATION	-9.30%	39 031 M $
CONSTELLATION ENERGY CORPORATION	+29.00%	35 518 M $

Other Electric Utilities

End-of-day quote Philippines Stock Exchange Other stock markets 06:00:00 2023-12-06 pm EST			5-day change	1st Jan Change
372.6 ^PHP	-0.11%		+1.53%	+24.70%

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

Manila Electric Company Announces Executive Changes	Nov. 15	CI
Manila Electric Company Appoints Marilene P. Tayag as Vice President and Chief Information Security Officer, Effective January 1, 2024	Nov. 13	CI
Transcript : Manila Electric Company, Nine Months 2023 Earnings Call, Nov 06, 2023	Nov. 06	CI
Manila Electric Company Reports Earnings Results for the Nine Months Ended September 30, 2023	Nov. 06	CI
Meralco Takes Control of SP New Energy with PHP15.9 Billion Capital Injection	Oct. 12	MT
Manila Electric Company Appoints Marilene P. Tayag as Chief Information Security Officer Effective on November 16, 2023	Sep. 26	CI
Interim dividend	Aug. 28	FA
On-Us Solutions Inc entered in a share purchase agreement to acquire eSAKAY, INC from Manila Electric Company for PHP 87.4 million.	Aug. 14	CI
Transcript : Manila Electric Company, H1 2023 Earnings Call, Jul 31, 2023	Jul. 31	CI
Manila Electric Company Approves Interim Cash Dividend, Payable on September 14, 2023	Jul. 31	CI
Manila Electric Company Reports Earnings Results for the Half Year Ended June 30, 2023	Jul. 31	CI
Manila Electric Company Announces Management Changes	Jun. 26	CI
Analysis-As gas reserves wane, Philippines faces rising costs in switch to LNG	May. 24	RE
Manila airport cancels 40 domestic flights after power outage	May. 01	RE
Manila Electric Company Reports Earnings Results for the First Quarter Ended March 31, 2023	Apr. 24	CI
Transcript : Manila Electric Company, Q1 2023 Earnings Call, Apr 24, 2023	Apr. 24	CI
Manila Electric Company Incorporates Movem Electric, Inc	Mar. 27	CI
Final dividend	Mar. 23	FA
Manila Electric's Core Net Income Jumps 10% in 2022	Mar. 02	MT
Manila Electric Company Reports Earnings Results for the Full Year Ended December 31, 2022	Feb. 27	CI
Manila Electric Company Announces Declaration of Cash Dividends, Payable on April 26, 2023	Feb. 27	CI
Transcript : Manila Electric Company, 2022 Earnings Call, Feb 27, 2023	Feb. 27	CI
Manila Electric, GNPower Dingini Executes Emergency Power Supply Deal	Dec. 16	MT
The Manila Electric Company Signs Emergency Supply Deal with GNPower Dinginin Ltd	Dec. 15	CI
Philippine leader hopes court will reconsider Manila power deal	Nov. 27	RE

Manila Electric Company

Equities

MER