Company Valuation: PLDT Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 289,515 391,493 284,545 276,335 279,792 265,316 - -
Change - 35.22% -27.32% -2.89% 1.25% -5.17% - -
Enterprise Value (EV) 1 575,671 639,381 507,935 514,956 551,367 556,814 553,549 545,188
Change - 11.07% -20.56% 1.38% 7.07% 0.99% -0.59% -1.51%
P/E ratio 12x 14.9x 27.3x 10.4x 8.68x 7.66x 7.45x 6.78x
PBR 2.51x 3.18x 2.62x 2.63x 2.42x 2.08x 1.87x 1.68x
PEG - 1.73x -0.5x 0x 0.4x 1.03x 2.72x 0.69x
Capitalization / Revenue 1.6x 2.03x 1.39x 1.31x 1.29x 1.19x 1.15x 1.11x
EV / Revenue 3.18x 3.31x 2.47x 2.44x 2.54x 2.5x 2.4x 2.29x
EV / EBITDA 6.48x 6.65x 5.06x 4.94x 5.08x 4.97x 4.76x 4.54x
EV / EBIT 13.9x 14.5x -92.3x 9.81x 10.9x 9.41x 9.19x 8.56x
EV / FCF 82.5x -52.6x -28.9x 54.2x 34.3x 11.1x 9.9x 8.57x
FCF Yield 1.21% -1.9% -3.47% 1.84% 2.91% 9.04% 10.1% 11.7%
Dividend per Share 2 78 84 134 95 97 98.08 102.3 109
Rate of return 5.82% 4.64% 10.2% 7.43% 7.49% 7.99% 8.33% 8.87%
EPS 2 112.1 121.8 48.26 122.9 149.3 160.4 164.8 181.1
Distribution rate 69.6% 69% 278% 77.3% 65% 61.2% 62.1% 60.2%
Net sales 1 181,004 193,257 205,245 210,953 216,833 222,975 230,262 238,271
EBITDA 1 88,783 96,169 100,478 104,297 108,515 112,143 116,328 120,190
EBIT 1 41,303 44,000 -5,501 52,483 50,487 59,141 60,260 63,714
Net income 1 24,284 26,367 10,485 26,614 32,307 35,701 36,372 39,371
Net Debt 1 286,156 247,888 223,390 238,621 271,575 291,497 288,233 279,871
Reference price 2 1,340.00 1,812.00 1,317.00 1,279.00 1,295.00 1,228.00 1,228.00 1,228.00
Nbr of stocks (in thousands) 216,056 216,056 216,056 216,056 216,056 216,056 - -
Announcement Date 3/4/21 3/3/22 3/23/23 3/7/24 2/27/25 - - -
1PHP in Million2PHP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.66x2.5x4.97x7.99% 4.64B
11.81x1.4x4.32x6.38% 242B
9.02x2.27x6.22x6.55% 176B
16.06x2.4x5.61x3.4% 171B
13.26x1.11x4.1x5.58% 95.33B
11.65x1.61x6.45x3.43% 86.4B
14.88x2.51x8.01x5.27% 55.29B
10.2x2.69x6.51x-.--% 53.37B
10.71x1.74x4.39x3.94% 51.2B
20.86x4.94x18.01x4.66% 49.54B
Average 12.61x 2.32x 6.86x 4.72% 98.52B
Weighted average by Cap. 12.64x 2.05x 6.07x 4.94%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield