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PLDT, Inc. (PHI)
:PHI
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PLDT
(NYSE:PHI)
Rating:71Outperform
Price Target:
$23.50
▲(4.17%Upside)
PLDT (PHI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.79B
Dividend Yield7.28%
Average Volume (3M)70.40K
Price to Earnings (P/E)8.9
Beta (1Y)0.35
Revenue Growth-0.91%
EPS Growth11.25%
CountryUS
Employees14,904
SectorCommunication Services
Sector Strength87
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.75
Shares Outstanding216,055,770
10 Day Avg. Volume97,728
30 Day Avg. Volume70,404
Financial Highlights & Ratios
PEG Ratio-3.35
Price to Book (P/B)2.26
Price to Sales (P/S)0.00
P/FCF Ratio14.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
PLDT Business Overview & Revenue Model
Company DescriptionPLDT Inc. provides telecommunications and digital services in the Philippines. It operates through three segments: Wireless, Fixed Line, and Others. The company offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment. It also provides fixed line telecommunications services; business infrastructure and solutions; intelligent data processing and implementation, and data analytics insight generation services; and information and communications infrastructure for Internet-based services, e-commerce, customer relationship management, and information technology (IT) related services. In addition, the company offers managed IT outsourcing, Internet-based purchasing, IT consulting and professional, bills printing and other related value-added, and air transportation services; distributes Filipino channels and content services; and provides full-services customer rewards and loyalty programs. Further, it engages in the sale of mobile handsets, broadband data routers, tablets, and accessories, as well as provides domestic leased lines and alternative messaging solutions, such as over-the-top services, social media, and messenger application. As of December 31, 2021, it had 71,221,952 mobile broadband subscribers; 3,619,372 fixed line subscribers; and 2.8 million broadband subscribers. The company was formerly known as Philippine Long Distance Telephone Company and changed its name to PLDT Inc. in July 2016. PLDT Inc. was incorporated in 1928 and is headquartered in Makati City, the Philippines.
How the Company Makes MoneyPLDT Inc. generates revenue through a diversified portfolio of telecommunications and digital services. The company's primary revenue streams include wireless services, which encompass mobile voice and data plans for individual and business customers, and fixed-line services, offering landline telephone and broadband internet services. Additionally, PLDT earns from its enterprise solutions, which provide managed data and IT services, cloud services, and cybersecurity products to businesses. The company also benefits from partnerships with other telecom operators and digital service providers, expanding its reach and enhancing service offerings. PLDT's investments in digital financial services, such as mobile payments and online remittances, further contribute to its revenue, tapping into the growing demand for fintech solutions in the region.
PLDT Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: -3.18%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted positive growth in revenue, EBITDA, and key segments like Home, ICT, and Maya, alongside strategic digital infrastructure advancements with VITRO Santa Rosa and the Asia Direct Cable. However, challenges such as a decline in Telco Core income and mobile revenues, coupled with enterprise segment pressures, present areas of concern.Q1-2025 Updates
Positive Updates
Revenue and EBITDA Growth
PLDT's revenue reached PHP 53.4 billion, up 2% from last year. EBITDA grew by 2% to PHP 27.9 billion, driven by strength in fiber and ICT segments.
Home Segment Success
Home revenue rose by 4% year-on-year to PHP 15.2 billion, mainly driven by a 7% increase in fiber revenues. Fiber accounts for 97% of Home revenues, up from 92% last year.
ICT Segment Growth
ICT revenues grew 16% year-on-year to PHP 2.2 billion, now accounting for over 22% of enterprise revenues, up from 19% a year ago.
5G Adoption and Data Traffic
5G data traffic surged 81% year-on-year, and 5G device adoption grew by 60% quarter-on-quarter, pointing towards improved monetization and growth.
Maya's Profitability
Maya achieved positive net income for the first time, contributing PHP 127 million, driven by robust loan growth, deposits, and increased payment volume.
VITRO Santa Rosa and Asia Direct Cable
The inauguration of VITRO Santa Rosa, the first AI-ready hyperscale data center in the Philippines, and the Asia Direct Cable enhance PLDT's competitive edge.
Negative Updates
Telco Core Income Decline
Telco Core income was recorded at PHP 8.8 billion, down 6% year-on-year, due to increased depreciation and financing costs.
Mobile Revenue Decline
Mobile revenues were down slightly at PHP 21.3 billion due to lower packet Wi-Fi usage and adjusted prepaid packages.
Enterprise Segment Challenges
Enterprise revenue remained steady with some drag from POGO-related revenue pressures, expected to persist until Q3.
Company Guidance
In the first quarter of 2025, PLDT reported a gross revenue of PHP 53.4 billion, marking a 2% increase year-on-year, while EBITDA also grew by 2% to PHP 27.9 billion, driven by strong performance in the fiber and ICT segments. Despite these gains, Telco Core income fell by 6% to PHP 8.8 billion due to increased depreciation and financing costs linked to network infrastructure investments. The Home segment saw a 4% revenue rise to PHP 15.2 billion, with fiber accounting for 97% of these revenues. In the Enterprise segment, ICT revenue grew 16% year-on-year, now comprising over 22% of enterprise revenues. Mobile revenues, however, decreased slightly to PHP 21.3 billion, attributed to a shift from packet Wi-Fi to smartphone data usage. PLDT's CapEx was reported at PHP 10.8 billion for the quarter, with a net debt-to-EBITDA ratio of 2.48x. The company's strategic initiatives include expanding its fiber footprint, leveraging emerging technologies, and pursuing asset monetization and disciplined capital allocation.PLDT Financial Statement Overview
Summary
PLDT shows solid financial performance with strong profitability and operational efficiency. The income statement highlights good margins, although revenue growth is modest. High leverage on the balance sheet poses financial risks, but this is somewhat mitigated by a strong return on equity. Cash flows are healthy with significant free cash flow growth and strong cash conversion metrics.Income Statement
PLDT's income statement shows a strong gross profit margin of 86.77% in TTM, indicating efficient cost management relative to revenue. The net profit margin is healthy at 14.47%, showcasing profitability. However, the revenue growth has been modest at 0.49% from the previous year, suggesting stable but limited growth. The EBIT margin is strong at 30.52%, and the EBITDA margin is robust at 49.02%, reflecting good operational efficiency.79
Positive
Balance Sheet
The balance sheet reflects a high debt-to-equity ratio of 2.92, pointing to significant leverage which poses a risk in terms of financial stability. Return on equity is solid at 27.29%, indicating efficient use of equity capital to generate profits. The equity ratio of 18.42% suggests a moderate reliance on equity financing compared to total assets.68
Positive
Cash Flow
The cash flow statement shows positive free cash flow growth of 37.79%, signaling improving cash generation. The operating cash flow to net income ratio of 2.62 indicates strong cash flow relative to reported net income, and the free cash flow to net income ratio of 0.59 reflects a decent conversion of profits into free cash flow.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 217.89B | 216.83B | 210.95B | 205.25B | 193.26B | 181.00B |
| Gross Profit | 189.07B | 189.10B | 155.17B | 184.62B | 176.22B | 166.56B |
| EBITDA | 106.80B | 114.34B | 108.83B | 105.43B | 99.54B | 93.00B |
| Net Income | 31.51B | 32.31B | 26.61B | 10.48B | 26.37B | 24.28B |
Balance Sheet | ||||||
| Total Assets | 626.67B | 623.27B | 609.52B | 624.16B | 626.33B | 575.85B |
| Cash, Cash Equivalents and Short-Term Investments | 14.66B | 11.00B | 17.09B | 25.80B | 33.42B | 48.57B |
| Total Debt | 336.88B | 335.62B | 302.34B | 292.01B | 274.24B | 242.79B |
| Total Liabilities | 509.87B | 506.54B | 499.13B | 510.20B | 498.86B | 456.18B |
| Stockholders Equity | 115.45B | 115.42B | 105.22B | 108.73B | 123.22B | 115.41B |
Cash Flow | ||||||
| Free Cash Flow | 18.52B | 13.45B | 7.33B | -19.35B | -10.58B | 11.01B |
| Operating Cash Flow | 82.51B | 81.73B | 85.77B | 76.20B | 91.81B | 87.52B |
| Investing Cash Flow | -64.85B | -65.70B | -55.12B | -33.01B | -103.48B | -74.35B |
| Financing Cash Flow | -16.68B | -22.33B | -39.42B | -42.30B | -4.90B | 3.70B |
PLDT Technical Analysis
Neutral
22.56
Price Trends
22.67
Negative
22.75
Negative
23.02
Negative
Market Momentum
-0.22
Negative
57.81
Neutral
83.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PHI, the sentiment is Neutral. The current price of 22.56 is above the 20-day moving average (MA) of 21.90, below the 50-day MA of 22.67, and below the 200-day MA of 23.02, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 57.81 is Neutral, neither overbought nor oversold. The STOCH value of 83.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PHI.
PLDT Risk Analysis
PLDT disclosed 29 risk factors in its most recent earnings report. PLDT reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PLDT Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $16.98B | 11.52 | 16.28% | 5.89% | -5.14% | -7.47% | |
78 Outperform | $18.72B | 18.36 | 7.95% | 1.98% | -5.69% | -0.05% | |
74 Outperform | $8.99B | 10.21 | 11.08% | 4.37% | -4.13% | 4.96% | |
71 Outperform | $4.79B | 8.94 | 28.10% | 7.28% | -0.91% | 11.25% | |
71 Outperform | $10.38B | 23.19 | 3.81% | 2.88% | -4.85% | -43.88% | |
61 Neutral | $41.01B | -0.64 | -14.21% | 3.80% | 2.39% | -73.52% | |
59 Neutral | $30.24B | ― | -0.55% | 4.50% | -2.29% | -182.68% |
* Communication Services Sector Average
Performance Comparison
PHI
PLDT
22.56
-1.09
-4.61%
KT
KT
21.20
7.91
59.52%
TLK
PT Telekomunikasi Indonesia Tbk
17.02
-0.39
-2.24%
SKM
Sk Telecom
23.79
2.89
13.83%
VIV
Telefonica Brasil
11.61
3.66
46.04%
TEF
Telefonica
5.33
1.26
30.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.