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Last $6.00 PHP
Change Today +0.10 / 1.69%
Volume 23.0M
EDC On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Philippines
As of 3:27 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

energy development corp (EDC) Snapshot

Open
$6.00
Previous Close
$5.90
Day High
$6.15
Day Low
$5.93
52 Week High
03/3/15 - $9.13
52 Week Low
08/25/15 - $5.45
Market Cap
112.5B
Average Volume 10 Days
20.7M
EPS TTM
$0.53
Shares Outstanding
18.8B
EX-Date
03/17/15
P/E TM
11.3x
Dividend
$0.10
Dividend Yield
3.33%
Current Stock Chart for ENERGY DEVELOPMENT CORP (EDC)

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energy development corp (EDC) Details

Energy Development Corporation explores for, develops, and operates geothermal energy and other indigenous renewable energy projects in the Philippines. It provides various services, including geothermal energy exploration and development; reservoir engineering and management; engineering design and construction; environmental management; and energy research and development. The company also produces geothermal steam; generates electricity through hydroelectric power plants; operates geothermal steam fields in 14 geothermal service contract areas; and holds 10 wind energy service contracts and 2 solar energy service contracts. It serves National Power Corporation, privately-owned distribution utilities, and electric cooperatives and industrial customers. The company was founded in 1976 and is headquartered in Pasig, the Philippines. Energy Development Corporation is a subsidiary of Red Vulcan Holdings Corporation.

2,304 Employees
Last Reported Date: 03/25/15
Founded in 1976

energy development corp (EDC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

energy development corp (EDC) Key Developments

Energy Development Corporation to Report First Half, 2015 Results on Aug 13, 2015

Energy Development Corporation announced that they will report first half, 2015 results on Aug 13, 2015

Energy Development Corporation Reports Consolidated Earnings Results for the Second Quarter and First Half of 2015

Energy Development Corporation reported consolidated earnings results for the second quarter and first half of 2015. For the quarter, operating revenue was PHP 8,277,716,847 against PHP 8,089,386,741 a year ago. Net income before tax was PHP 2,229,796,509 against PHP 4,343,576,136 a year ago. Net income attributable to parent equity holder was PHP 2,115,634,693 against PHP 3,909,348,527 a year ago. Basic and diluted earnings per share were PHP 0.11 against 0.2 a year ago. For the first half, the company’s recurring net income attributable to equity holder's of the parent was PHP 4.7 billion, down by 14% from the PHP 5.4 billion posted during the same period last year. The decrease is mainly due to the outage of the Tongonan Plant, trading losses on the Unified Leyte strip business, higher operating expenses and typhoon repair works being reported for the first two quarters, and lower output and higher income tax of Pantabangan-Masiway, owing to the end of its income tax holiday last April 2014. Inclusive of non-recurring items, net income attributable to equity holders of the Parent stood at PHP 4.6 billion in the first half of 2015, 27% lower compared with the PHP 6.3 billion recorded during the same period last year. Revenues amounted to PHP 16.8 billion, up by PHP 1.6 billion, or 10%, from the PHP 15.2 billion recorded during the same period in 2014. The improvement was largely due to higher energy sales from the newly rehabilitated Bacman power plants and the newly commissioned Nasulo Geothermal and Burgos Wind power plants - commissioned only during the latter part of 2014. Net income before tax was PHP 5,367,747,086 against PHP 7,104,637,615 a year ago. Basic and diluted earnings per share were PHP 0.24 against 0.33 a year ago.

Energy Development Corporation, H1 2015 Earnings Call, Aug 13, 2015

Energy Development Corporation, H1 2015 Earnings Call, Aug 13, 2015

 

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EDC Competitors

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Aboitiz Power Corp $43.25 PHP +0.70
Ayala Corp $738.00 PHP +13.00
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Sumitomo Corp ¥1,295 JPY +57.00
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Industry Analysis

EDC

Industry Average

Valuation EDC Industry Range
Price/Earnings 10.9x
Price/Sales 3.4x
Price/Book 2.4x
Price/Cash Flow 10.9x
TEV/Sales 0.6x
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