Manila Electric Company Financial Data

Company name:Manila Electric CoStatus:Active
End of fiscal year:December 31 2016ISINPHY5764J1483
Auditor:SyCip Gorres Velayo & Co.Year established:1903
Company sector name:UtilitiesTrading currency:PHP
Industry name:Utilities - Regulated ElectricPlace of incorporation:Philippines (PH)
Industry group nameUtilities - RegulatedDoing business in:Philippines (PH)
AddressOrtigas Avenue, Barangay Ugong
Lopez Building, 0300
Tel.:+63 6328014
City/Country:Pasig, PhilippinesFax:+63 6328452
Web address:http://www.meralco.com.ph
Company description:Manila Electric Co is an electric distribution company engaged in distribution & supply of power. It is also engaged in providing electricity-related services including electro-mechanical engineering, construction & consulting & related manpower services.
Price Price change [%] Bid Offer Open High Low Volume
277.40  +0.40[+0.14%] 277.20 277.80 277.40 277.80 276.80 378,180
Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
312179 1127.098705 - 17.01 7.83 16.28 2.83 250.00 - 317.00

MER KEY FIGURES (at previous day's close)

Yesterday's Close
277.00
PE Ratio
16.2845385068
Market Capitalisation
312.18B
Latest Shares Outstanding
1.13B
Earnings pS (EPS)
17.01
Dividend pS (DPS)
7.83
Dividend Yield
2.83%
Sales per Employee
46.18M
Effective Tax Rate
-
Foreign Sales
-
Domestic Sales
-
Selling, General & Adm/tive (SG...
0.27%
Research & Devlopment (R&D) as ...
0.00%
Gross Profit Margin
23.09%
EBITDA Margin
13.70%
Pre-Tax Profit Margin
10.38%
Assets Turnover
1.15%
Return on Assets (ROA)
0.07%
Return on Equity (ROE)
0.25%
Return on Capital Invested (ROC...
0.17%
Current Ratio
0.84
Leverage Ratio (Assets/Equity)
3.98%
Interest Cover
28.94
Total Debt/Equity (Gearing Rati...
0.54%
LT Debt/Total Capital
0.27%
Working Capital pS
169.86
Cash pS
41.40
Book-Value pS
66.03
Tangible Book-Value pS
184.59
Cash Flow pS
31.37
Free Cash Flow pS
21.26
Spread
0.60
Gross gearing
74.86%
Net Debt
174.96B

MER Balance Sheet Chart (December 31 2016)

:liab eq:assets
Period † High Low
1 Week279.60274.00
1 Month285.00271.20
3 Months285.00250.00
6 Months297.40250.00
1 Year317.00250.00
3 Years355.00250.00
5 Years397.00240.00

Share price performance previous 3 years

Share price performance intraday

Period † Open Open Avg. VWAP Min Vol Max Vol Avg. Daily Vol [m] Change %
1 Week277.00277.64277.55137k378k210k0.400.14%
1 Month272.00278.60278.98111k665k353k5.401.99%
3 Months275.00271.13266.84103k6M680k2.400.87%
6 Months289.00276.79270.6839k6M443k-11.60-4.01%
1 Year314.60281.94274.3829k6M345k-37.20-11.82%
3 Years261.00289.43286.7806M348k16.406.28%
5 Years258.00288.17287.25010M418k19.407.52%

MER Growth Ratios (December 31 2016)

1 year 3 years 5 years 10 years
Diluted EPS growth
0.00
0.04
0.08
0.02
Diluted continuous EPS growth
0.00
0.04
0.09
0.02
Dividend growth
-0.11
-0.08
0.00
-
Equity per share growth
-0.07
-0.00
0.03
0.03
Revenue growth
-0.00
-0.05
0.00
0.03
Operating income growth
0.07
0.03
0.07
0.02
Net income growth
0.00
0.04
0.08
0.03
Net income cont growth
0.00
0.04
0.09
0.03
CFO growth
-0.15
-0.02
0.02
0.22
FCF growth
-0.22
-0.04
0.00
-
Operating revenue growth
-0.00
-0.05
0.00
0.03

MER Income Statement December 31 2016 (PHP)

Total Revenue
257181
Operating Revenue
257181
Gross Profit
59378
Cost of Revenue
197803
Operating Expenses
34610
Selling,General and Administr...
696
General and Administrative Ex...
350
Rent and Landing Fees
732
Selling and Marketing Expense
346
Promotion and Advertising
346
Depreciation and Amortization
7312
Interest Income/Expense,Net-O...
-501
Interest Income-Operating
654
Interest Expense-Operating
1217
Other Operating Expenses
12439
Staff Costs
12841
Other Staff Costs
0.00
Wages and Salaries
12841
Share of Operating Profit/Los...
-1677
Operating Income
26693
Other Operating Income, Total
1925
Miscellaneous Other Operating...
1029
Other Non-Operating Income/Ex...
0.00
Pretax Income
26693
Provision for Income Tax
7353
Net Income Available to Commo...
19176
Net Income
19176
Net Income Including Noncontr...
19340
Net Income from Continuing Op...
19340
Minority Interest
-164
Basic EPS
17.01
Basic EPS from Continuing Ope...
17.01
Diluted EPS
17.01
Diluted EPS from Continuing O...
17.01
Basic Weighted Average Shares...
1127
Diluted Weighted Average Shar...
1127
Interest and Dividend Income
654
Interest Expense
1217
Net Interest Income
-563
Net Income from Continuing an...
19176
Normalized Income
19176
Basic EPS,Continuing and Disc...
17.01
Diluted EPS,Continuing and Di...
17.01
Dividend Per Share
7.83
Net Income from Continuing Op...
19176
Earning Before Interest Tax D...
35222
Cost of Revenue,Reconciled
197803
Depreciation,Reconciled
7312
Earning Before Interest and T...
27910
Tax rate for calculations
0.28
Calculated Tax Effect Of Unus...
0.00
Normalized Basic EPS
17.01
Normalized Diluted EPS
17.01

MER Efficency Ratios (December 31 2016)

Days in sales
36.97
Days in inventory
4.67
Days in payment
150.83
Cash conversion cycle
-109.18
Receivable turnover
9.87
Inventory turnover
78.11
Payable turnover
2.42
Fixed assets turnover
2.03
Assets turnover
0.89
ROE
0.25
ROA
0.07
ROIC
0.17
FCF sales ratio
0.09
FCF net income ratio
1.25
Capital expenditure sales ratio
0.04

MER Financial Health Ratios (December 31 2016)

Current ratio
0.84
Quick ratio
0.69
Debt total capital ratio
0.27
Debt equity ratio
0.36
Financial leverage
3.98
Total debt to equity
0.54

MER Avearge Growth Ratios Over 5 Years (December 31 2016)

Growth ann capital spending
0.06
Growth ann gross profit
0.03
Avg gross margin
0.22
Avg post tax margin
0.07
Avg pre tax marginr
0.09
Avg net profit
0.07
Avg ret commonr
0.24
Avg ret assets
0.07
Avg ret invested capital
0.17

MER Profitability Ratios (December 31 2016)

Gross margin
0.23
Operating margin
0.10
EBT margin
0.10
Tax rate
0.28
Net margin
0.07
Sales per employee
46,180,822.41
EBIT margin
0.11
EBITDA margin
0.14
Normalized net profit margin
0.07
Interest coverage
-
Inc per employee tot ops
3,443,347.10

MER Valuation Ratios (December 29 2016)

Sales per share
227.61
Growth ann sales per share 5 ye...
0.02
Book value per share
61.14
CF per share
32.45
Price to EPS
16.05
Ratio PE 5 year high
24.03
Ratio PE 5 year low
13.24
Price to book
4.33
Price to sales
1.16
Price to cash flow
8.17
Price to free cash flow
11.60
Div rate
8.69
Dividend yield
0.03
Div payout tot ops
0.47
Div payout 5 year
0.56
Payout ratio
0.47
Sustainable growth rate
0.13
Cash return
0.09

MER Balance Sheet December 31 2016 (PHP)

Total Assets
296037
Current Assets
88008
Cash,Cash Equivalents,and Sho...
46656
Cash and Cash Equivalents
46656
Inventories
2792
Raw Materials
20
Other Inventories
2772
Other Current Assets
13219
Trade and Other Receivables, ...
25341
Total Non-Current Assets
208029
Net Property,Plant,and Equipm...
128814
Gross Property,Plant,and Equi...
206612
Land and Improvements
15363
Buildings and Improvements
6279
Machinery,Furniture/Equipment
9393
Other Properties
164716
Construction in Progress
10861
Accumulated Depreciation
-77798
Deferred Taxes,Non-Current As...
13019
Other Non-Current Assets
53759
Total Investments
10924
Long term equity investment
10924
Investments in Associates, at...
10924
Investment Properties
1513
Total Liabilities
220891
Current Liabilities
104602
Payables
86266
Accounts Payable
83920
Taxes Payable
2346
Other Payable
0.00
Financial Liabilities, Curren...
13348
Current Debt and Capital Leas...
13348
Current Debt
13348
Other Current Liabilities
0.00
Total Non-Current Liabilities
116289
Provisions,Long Term
19170
Financial Liabilities, Non-Cu...
26999
Long Term Debt and Capital Le...
26999
Long Term Debt
26999
Interest-Bearing Borrowings, ...
26999
Deferred Taxes,Non-Current Li...
36
Deferred Revenues,Non-Current
23501
Minority Interest
729
Other Non-Current Liabilities
46583
Total Equity
75146
Stockholder's Equity
74417
Capital Stock
11273
Common Stock
11273
Other Capital Stock
0.00
Retained Earnings
54137
Additional Paid in Capital
4111
Treasury Stock
11
Other Equity Interest
4907
Total Liabilities Inc MI
221620
Total Non-Current Liabilities...
117018
Total Capitalization
101416
Common Stock Equity
74417
Ordinary Shares Number
1127.098705
Treasury Shares Number
0.172412
Net Tangible Assets
74417
Working Capital
-16594
Invested Capital
114764
Tangible Book Value
74417
Total Equity
74417
Total Debt
40347

MER Cash Flow December 31 2016 (PHP)

Cash Flow from Operating Acti...
35351
Net Income from Continuing Op...
26693
Total Adjustments for Non-Cas...
16637
Depreciation and Amortization
7312
Other Non-Cash Items
-1214
Share of Associates
1677
Provision and Write-Off of As...
8862
Other Adjustments for Which C...
-737
Changes in Working Capital
-563
Change in Receivables
-2212
Change in Inventories
-519
Change in Payables
1423
Change in Other Current Asset...
-326
Change in Other Current Liabi...
3786
Taxes Refund/Paid
-7416
Cash Flow from Investing Acti...
-22961
Purchase/Sale of Property,Pla...
-10351
Purchase of Property,Plant an...
-10807
Sale of Property,Plant,and Eq...
456
Purchase/Sale of Intangibles,...
-587
Purchase of Intangibles
-587
Purchase/Sale of Business,Net
1733
Purchase/Acquisition of Busin...
-1398
Purchase of Joint Venture/Ass...
-1398
Sale of Subsidiaries
-20
Sale of Joint Venture/Associa...
3151
Sale of Business
3131
Purchase/Sale of Investments,...
-14706
Purchase of Investments
-14706
Sale of Investments
0.00
Other Investing Changes,Net
-372
Dividends Received, CFI
491
Interest Received, CFI
831
Cash Flow from Financing Acti...
-16574
Issuance/Payments of Debt,Net
10015
Issuance/Payments of Long Ter...
-417
Proceeds or Issuance of Long ...
0.00
Payments to Settle Long Term ...
-417
Issuance/Payments of Short Te...
10432
Proceeds or Issuance of Short...
11907
Payments to Settle Short Term...
-1475
Cash Dividends Paid
-28114
Other Financing Changes, Net
2781
Interest Paid, CFF
-1256
Cash and Cash Equivalents,End...
46656
Change in Cash
-4184
Cash and Cash Equivalents,Beg...
50840
Issuance of Debt
11907
Repayment of Debt
-1892
Free Cash Flow
23957
Capital Expenditure
-11394
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