Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $298.20 PHP
Change Today +0.20 / 0.07%
Volume 449.6K
MER On Other Exchanges
Symbol
Exchange
Philippines
OTC US
OTC US
As of 3:26 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

manila electric company (MER) Snapshot

Open
$298.60
Previous Close
$298.00
Day High
$299.00
Day Low
$297.40
52 Week High
07/27/15 - $299.00
52 Week Low
08/1/14 - $242.21
Market Cap
336.1B
Average Volume 10 Days
392.4K
EPS TTM
$17.88
Shares Outstanding
1.1B
EX-Date
08/20/15
P/E TM
16.7x
Dividend
$5.16
Dividend Yield
4.83%
Current Stock Chart for MANILA ELECTRIC COMPANY (MER)

Related News

No related news articles were found.

manila electric company (MER) Related Businessweek News

No Related Businessweek News Found

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

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

Executives, Board Directors

manila electric company (MER) Key Developments

Manila Electric Co. Reports Earnings Results for the First Semester of 2015; Provides Earnings Guidance for the Second Half and Full Year of 2015

Manila Electric Co. reported earnings results for the first semester of 2015. For the first semester, the company's reported net income rose 21.9% to PHP 11.747 billion from PHP 9.637 billion in the same period last year. Core net income - which strips out one-time gains and losses - improved by 17.9% to PHP 11.64 billion from PHP 9.87 billion, consolidated financial highlights showed. The company's revenues slightly went up by 1.4% to PHP 134.008 billion from PHP 132.168 billion, while costs and expenses slipped 0.1% to PHP 117.789 billion from PHP 117.964 billion. For the second half, The company anticipates that the volume growth will be slightly better than the first half, in the absence of major weather disturbances. The company provided earnings guidance for the year 2015. The company has set an PHP 18.5-billion profit for 2015.

Hitachi In Talks With Meralco For Possible Business Opportunities

Hitachi Ltd. (TSE:6501) is in talks with the Manila Electric Co. (PSE:MER) for possible business opportunities and partnerships. Hitachi Chief Executive for Asia Pacific Ichiro Iino said the Japanese conglomerate is ironing out several deals with Meralco that would help the latter in its business expansion. “We are discussing a lot of business opportunities with Meralco. Meralco is a large utility company. We have batteries, IT, connectivity so we’re expanding Meralco’s business, we’re trying to work with them,” Iino said.

Manila Electric Co. Declares Regular Cash Dividend, Payable on September 18, 2015

Manila Electric Co. announced the declaration of regular cash dividend of PHP 5.164 per share. Payable on September 18, 2015 with record date of August 26, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MER:PM $298.20 PHP +0.20

MER Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Oriental Petroleum & Minerals Corp $0.01 PHP 0.0001
PetroEnergy Resources Corp $4.17 PHP -0.01
Philodrill Corp/The $0.01 PHP +0.001
Trans-Asia Oil & Energy Development Corp $2.16 PHP -0.04
View Industry Companies
 

Industry Analysis

MER

Industry Average

Valuation MER Industry Range
Price/Earnings 16.5x
Price/Sales 1.2x
Price/Book 4.5x
Price/Cash Flow 12.7x
TEV/Sales 0.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MANILA ELECTRIC COMPANY, please visit www.meralco.com.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.