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Last $278.00 PHP
Change Today -3.00 / -1.07%
Volume 202.0K
As of 2:06 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

manila electric company (MER) Snapshot

Open
$276.00
Previous Close
$281.00
Day High
$279.80
Day Low
$270.00
52 Week High
08/4/15 - $308.27
52 Week Low
12/18/14 - $244.45
Market Cap
313.3B
Average Volume 10 Days
884.6K
EPS TTM
$17.88
Shares Outstanding
1.1B
EX-Date
08/20/15
P/E TM
15.5x
Dividend
$5.16
Dividend Yield
5.50%
Current Stock Chart for MANILA ELECTRIC COMPANY (MER)

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manila electric company (MER) Details

Manila Electric Company, together with its subsidiaries, distributes and sells electricity to industrial, commercial, and residential customers in the Philippines. The company operates through two segments, Power and Other Services. It provides power to approximately 5.5 million customers in 35 cities and 76 municipalities, which include Metro Manila; the provinces of Rizal, Cavite, and Bulacan; and parts of the provinces of Pampanga, Batangas, Laguna, and Quezon. The company also offers engineering, procurement, construction, and maintenance services related to power generation, transmission, and distribution, as well as industrial plants, water resources, and telecommunications; e-business development services; and e-transaction, bills payment collection, energy systems management, information technology and multi-media, financial, general, and manpower/maintenance services, as well as remittance cash pick-up, electronic cash management, prepaid loading, service applications acceptance, and outsourced tellering and frontline services. In addition, it provides managed services, and power quality and power factor services, as well as designs, procures, and installs right-sized electrical facilities; lighting efficiency and e-vehicle leasing services, as well as heating, ventilation, and air conditioning efficiency services; holds a congressional telecommunications franchise to construct, install, establish, operate, and maintain for commercial purposes; and basic and enhanced telecommunications services in the Philippines, and between the Philippines and other countries and territories. Further, the company invests in and manages commercial buildings; provides non-life insurance services; and develops, builds, owns, and operates a portfolio of power plants. Manila Electric Company was founded in 1903 and is based in Pasig, the Philippines.

5,766 Employees
Last Reported Date: 03/25/15
Founded in 1903

manila electric company (MER) Top Compensated Officers

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Executives, Board Directors

manila electric company (MER) Key Developments

Southwest Luzon Power Generation Corporation and Manila Electric Company Sign Power Supply Agreement

Semirara Mining and Power Corporation announced that its wholly-owned subsidiary, Southwest Luzon Power Generation Corporation and Manila Electric Company Local RES segment have signed a Power Supply Agreement (PSA) with a term until December 25, 2018 which may be extended up to 4 years upon mutual agreement of the parties at a total capacity of 120 MW effective March 26, 2016.

Manila Electric Co. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Manila Electric Co. reported earnings results for the second quarter and six months ended June 30, 2015. The company reported operating revenue of PHP 69,216 million, net income before tax of PHP 10,365 million, net income attributable to parent equity holders of PHP 7,326 million or PHP 6.5 per diluted share against operating revenue of PHP 75,675 million, net income before tax of PHP 8,117 million, net income attributable to parent equity holders of PHP 5,629 million or PHP 4.99 per diluted share for the last quarter. For six months, the company reported net income before tax of PHP 16,730 million, diluted EPS of PHP 10.42 against PHP 13,890 million and PHP 8.55 respectively a year ago. Book value per share was PHP 72.74.

MERALCO Announces Unaudited Earnings Results for the Six Months Ended June 30, 2015

MERALCO announced unaudited earnings results for the six months ended June 30, 2015. For the six months, the company reported that core net income rose 18% to PHP 11.6 billion compared with the first half of 2014 despite lower distribution tariffs. The growth in core income was driven by a 3% increase in energy sales to 17,753 gigawatt hours ("GWh"), higher contributions to Net Income from non-regulated operating subsidiaries and stringent management of operating expenses. Revenues rose 1% to PHP 134.0 billion compared with the same period last year. Capital expenditures, including those for new load requirements and system reliability, amounted to PHP 5.8 billion, up from PHP 4.9 billion in the first half of 2014.

 

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Industry Analysis

MER

Industry Average

Valuation MER Industry Range
Price/Earnings 15.3x
Price/Sales 1.2x
Price/Book 3.8x
Price/Cash Flow 11.5x
TEV/Sales 0.8x
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