PLDT (PHI) AI Stock Analysis

• Market Cap: $4.96B
• Dividend Yield: 7.78%
• Average Volume (3M): 58.12K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 0.30
• Revenue Growth: 0.59%
• EPS Growth: 8.86%
• Country: US
• Employees: 14,904
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 0.62
• Shares Outstanding: 216,055,770
• 10 Day Avg. Volume: 61,507
• 30 Day Avg. Volume: 58,121
• PEG Ratio: -1.79
• Price to Book (P/B): 2.18
• Price to Sales (P/S): 1.24
• P/FCF Ratio: 11.60
• Enterprise Value/Market Cap: 127.75
• Enterprise Value/Revenue: 2.89
• Enterprise Value/Gross Profit: 3.81
• Enterprise Value/Ebitda: 7.50
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.74
• Revenue Forecast (FY): $3.91B

• Rating: 64 Neutral
• Price Target: $24.00 ▲(12.73% Upside)
• Action: Downgraded Date: 03/07/26
• Date: Action: Downgraded 03/07/26

The score is driven mainly by solid underlying operating performance but constrained by leverage and historically uneven free-cash-flow consistency. Near-term technicals are weak (below key moving averages with oversold momentum), while valuation is supported by a moderate P/E and a high dividend yield. Earnings-call guidance improves the outlook via CapEx discipline and a stated deleveraging plan, though execution and financing/credit risks remain important.

Positive Factors

Fiber / Home subscriber growth

Rapid fiber net additions and record Home revenues reflect durable structural demand for fixed broadband and sticky subscription economics. Stable ARPU and low churn support recurring revenue and margin sustainability, reinforcing long-term cash generation as PLDT scales fiber penetration nationwide.

CapEx discipline and FCF recovery

Management's pivot to lower, more disciplined CapEx (guidance mid‑PHP 50B) and sustained positive free cash flow improve financial flexibility. Reduced capex intensity materially increases capacity to fund dividends and debt paydown, making cash generation prospects more predictable over coming years.

Maya fintech profitability and deposits

Maya's move to full‑year profitability and rapid deposit growth diversifies PLDT's revenue mix and creates a low‑cost funding base for lending. As fintech scale improves, it supports cross‑sell opportunities and recurring fee income, providing a structural non‑telco growth engine for the group.

Negative Factors

High leverage

Material leverage raises refinancing, interest‑rate and covenant risks and constrains strategic optionality. Even with a plan to reach ~2.0x net debt/EBITDA, elevated gross debt and interest costs mean a significant portion of cash flow must go to financing, limiting reinvestment and increasing execution sensitivity.

Data‑center monetization / take‑up risk

Low early take‑up at a major new hyperscale site delays revenue recognition and weakens near‑term asset‑monetization proceeds intended for debt reduction. If commercialization and a REIT sale underperform, expected balance‑sheet benefits and cash for deleveraging could be materially pushed out.

Credit quality as Maya scales lending

Rising NPLs and higher provisioning from expanding credit products can compress fintech earnings and require higher capital/loan‑loss reserves. As Maya scales, elevated credit risk may intermittently pressure group profitability and cash flow, making credit quality a persistent monitoring item.

PLDT Business Overview & Revenue Model

Company Description

PLDT 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 Money

PLDT generates revenue primarily through its telecommunications services, which include mobile and fixed-line voice, broadband internet, and enterprise data solutions. Key revenue streams include mobile subscriptions, which account for a significant portion of its income, alongside broadband internet services that cater to the increasing demand for high-speed connectivity. Additionally, PLDT earns from enterprise services, providing customized solutions for businesses, including cloud services and data center operations. The company also has partnerships with various technology providers and content creators, enhancing its service offerings and driving additional revenue through bundled services. PLDT's strategic focus on expanding its fiber network and investing in digital innovations further supports its growth and revenue generation.

PLDT Financial Statement Overview

Summary

Income statement strength (steady revenue growth and generally healthy margins) is offset by balance-sheet risk (high leverage at ~2–3x debt/equity) and historically volatile free cash flow (negative in 2021–2022, improving in 2023–2025). Overall earnings power looks solid, but financial flexibility is a key constraint.

Income Statement

Revenue has grown steadily from 2020 to 2025, including a stronger uptick in 2025 versus the prior year. Profitability is generally strong for the sector, with healthy operating and EBITDA margins across the period and solid net profit margins in most years. The main weakness is margin volatility: gross margin stepped down sharply in 2025 versus 2023–2024, and net income dipped slightly in 2025 after peaking in 2024.

Balance Sheet

The balance sheet is heavily leveraged, with debt consistently running at roughly 2–3x equity (and ~2.8x in 2025), which increases refinancing and interest-rate sensitivity. That said, equity has grown over time and returns on equity are strong (mid-20% range recently), suggesting the company has been able to generate attractive profits despite leverage. The key risk remains the high debt load relative to the equity base.

Cash Flow

Operating cash flow is consistently positive and improved in 2025, and free cash flow rebounded meaningfully in 2023–2025, with a particularly strong increase in 2025. However, free cash flow has been volatile (negative in 2021–2022), and free cash flow remains a relatively small portion of net income in recent years, indicating meaningful capital intensity and/or working-capital swings. Cash generation is improving, but consistency is still a watch item.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	219.17B	223.30B	216.83B	210.95B	204.36B	192.19B
Gross Profit	166.13B	133.04B	158.25B	155.17B	154.75B	150.16B
EBITDA	84.48B	116.37B	85.66B	89.78B	93.44B	90.85B
Net Income	29.31B	30.69B	32.31B	26.61B	10.48B	26.37B
Balance Sheet
Total Assets	629.56B	634.51B	623.27B	609.52B	624.16B	626.33B
Cash, Cash Equivalents and Short-Term Investments	10.38B	12.23B	11.00B	17.09B	25.80B	33.42B
Total Debt	358.29B	359.04B	335.62B	302.34B	292.01B	274.24B
Total Liabilities	508.06B	506.49B	506.54B	499.13B	510.20B	498.86B
Stockholders Equity	120.33B	126.83B	115.42B	105.22B	108.73B	123.22B
Cash Flow
Free Cash Flow	17.68B	23.85B	13.45B	7.33B	-19.35B	-12.01B
Operating Cash Flow	89.38B	85.35B	81.73B	85.77B	76.20B	91.97B
Investing Cash Flow	-68.08B	-60.27B	-65.70B	-55.12B	-33.01B	-103.64B
Financing Cash Flow	-22.36B	-23.20B	-22.33B	-39.42B	-42.30B	-4.90B

PLDT Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.29
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 21.29 is below the 20-day moving average (MA) of 23.76, below the 50-day MA of 22.87, and below the 200-day MA of 21.40, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 36.36 is Neutral, neither overbought nor oversold. The STOCH value of 13.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PHI.

PLDT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TLK	75 Outperform	$18.65B	16.17	15.54%	6.14%	-5.21%	-7.45%
TKC	72 Outperform	$5.32B	10.60	7.60%	5.57%	19.02%	9.26%
VIV	70 Outperform	$25.42B	17.32	9.34%	5.03%	-3.16%	4.70%
PHI	64 Neutral	$4.96B	14.00	25.20%	7.78%	0.59%	8.86%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
VOD	60 Neutral	$33.58B	7.35	-7.08%	3.77%	19.67%	-278.51%

PLDT Corporate Events

PLDT Discloses Filing of 2025 Annual and Sustainability Report with Philippine Regulators

On February 27, 2026, PLDT Inc. reported to the Philippine Stock Exchange and the Philippine Securities and Exchange Commission that it had issued a press release titled “PLDT Files 2025 Annual Report with Sustainability Report on Form 17-A with the Philippine Securities and Exchange Commission.” The disclosure, later furnished to the U.S. SEC on Form 6-K dated March 2, 2026, was made to comply with Philippine securities disclosure rules on significant developments and underscores PLDT’s ongoing regulatory transparency toward both local and international investors.

The filings formally note that PLDT’s report was signed by Assistant Corporate Secretary Mark David P. Martinez and submitted under Section 17 of the Philippine Securities Regulation Code. By documenting the completion and filing of its 2025 annual and sustainability reporting package, PLDT signals to stakeholders that it has met key reporting obligations for the fiscal year, reinforcing its commitment to governance, compliance, and sustainability disclosure in line with market expectations.

The most recent analyst rating on (PHI) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on PLDT stock, see the PHI Stock Forecast page.

PLDT Declares 2025-Based Dividends and Confirms New Enterprise Business Head

On February 26, 2026, PLDT disclosed that its board had declared a regular cash dividend of P46.00 per common share, payable on April 16, 2026 to shareholders of record as of March 26, 2026, funded from audited unrestricted retained earnings as of December 31, 2025. The company also approved a P2,437,500 cash dividend on its voting preferred shares for the quarter ending April 15, 2026, confirmed the appointment of Juancho Paolo L. Jerusalem as First Vice President and Head of Enterprise Strategic Business Development and Alliances, released its audited consolidated financial results for full-year 2025, and issued the notice for its 2026 annual stockholders’ meeting, underscoring ongoing capital returns to investors and a strengthened focus on enterprise growth.

The most recent analyst rating on (PHI) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on PLDT stock, see the PHI Stock Forecast page.

PLDT Declares P12.15 Million Preferred Dividend, Ups Investment in Kayana Solutions

At a board meeting held on January 27, 2026, PLDT Inc. declared a cash dividend of P12.15 million on all outstanding shares of its Series IV Cumulative Non-Convertible Redeemable Preferred Stock for the quarter ending March 15, 2026, payable on March 15, 2026 to shareholders of record as of February 10, 2026. The dividend will be funded from the company’s unaudited unrestricted retained earnings as of June 30, 2025, indicating sufficient internal resources to sustain preferred shareholder payouts, and the board also approved PLDT’s subscription to additional common shares in Kayana Solutions Inc., underscoring continued capital deployment into affiliated or strategic ventures that may support its broader digital and services portfolio.

The most recent analyst rating on (PHI) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on PLDT stock, see the PHI Stock Forecast page.

PLDT Discloses Voluntary Retirement of First Vice President Andrew Atienza

PLDT Inc. reported to U.S. and Philippine regulators in January 2026 that First Vice President Andrew T. Atienza is separating from the company due to voluntary retirement, effective January 23, 2026. In disclosures filed with the Philippine Stock Exchange on January 22, 2026 and the Philippine Securities and Exchange Commission on January 23, 2026, PLDT stated that Atienza’s departure is not expected to have any significant impact on its current or future operations, financial position or results, suggesting that the move is viewed as a routine leadership transition with limited implications for stakeholders.

The most recent analyst rating on (PHI) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on PLDT stock, see the PHI Stock Forecast page.

PLDT Announces January 2026 Exit of Two First Vice Presidents, Sees No Material Operational Impact

On December 29, 2025, PLDT Inc. reported to regulators in the Philippines and the United States that two First Vice Presidents, Katrina L. Abelarde and Albert Mitchell L. Locsin, will separate from the company effective January 1, 2026—Abelarde through the firm’s Manpower Reduction Program and Locsin via voluntary retirement. PLDT stated that these leadership changes are not expected to materially affect its current or future operations, financial position or results, suggesting the moves are part of routine manpower management rather than a strategic shift, and signaling limited immediate impact for shareholders and other stakeholders.

The most recent analyst rating on (PHI) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on PLDT stock, see the PHI Stock Forecast page.