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PLDT, Inc. (PHI)
:PHI
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PLDT
(NYSE:PHI)
76Outperform
PLDT (PHI) vs. S&P 500 (SPY)
Market Cap
$4.80B
Dividend Yield5.66%
Average Volume (3M)69.75K
Price to Earnings (P/E)8.4
Beta (1Y)0.35
Revenue Growth-0.15%
EPS Growth17.96%
CountryUS
Employees14,904
SectorCommunication Services
Sector Strength74
IndustryTelecommunications Services
Share Statistics
EPS (TTM)2.61
Shares Outstanding216,055,770
10 Day Avg. Volume82,398
30 Day Avg. Volume69,755
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)N/A
Price to Sales (P/S)1.30
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
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. is a leading telecommunications and digital services provider in the Philippines. The company operates through three primary business segments: Wireless, Fixed Line, and Others. Its core products and services include mobile and fixed-line telecommunications, broadband internet, and digital solutions tailored for individual consumers, businesses, and enterprises. PLDT is recognized for its extensive network infrastructure and innovative offerings in the communications sector.
How the Company Makes MoneyPLDT makes money primarily through its telecommunications services, which include mobile and fixed-line services. The Wireless segment generates revenue from voice, text messaging, and data services offered to prepaid and postpaid mobile subscribers. The Fixed Line segment earns revenue by providing voice services, data connectivity, broadband internet, and digital solutions to residential, commercial, and enterprise clients. Additionally, PLDT benefits from partnerships with international telecom providers for roaming and interconnection services. The company also gains revenue from its digital platforms and enterprise solutions that cater to the evolving needs of businesses in the digital age.
PLDT Financial Statement Overview
Summary
PLDT shows strong financial health with consistent revenue growth and improving profitability. Leverage has increased, but the balance sheet remains stable. Significant improvement in cash flow generation is noted, though careful management of debt levels is recommended.Income Statement
PLDT's income statement shows a solid revenue growth trend with a 2.78% increase from 2023 to 2024, following consistent annual growth from previous years. The Gross Profit Margin remains robust, indicating efficient cost management. However, the lack of EBIT in 2024 is concerning, although EBITDA remains strong, suggesting non-operational costs may have impacted EBIT. Net Profit Margin increased from 12.61% in 2023 to 14.90% in 2024, reflecting improved profitability.82
Very Positive
Balance Sheet
The balance sheet reflects a stable financial position with a moderate Debt-to-Equity Ratio, although it has increased over the years, indicating rising leverage. Stockholders' Equity has improved to 115.42 billion in 2024 from 105.22 billion in 2023, which is a positive sign. However, the Equity Ratio is slightly low, suggesting high reliance on debt financing. The Return on Equity (ROE) improved, showing efficient use of equity capital.75
Positive
Cash Flow
Cash flow analysis reveals a recovery in Free Cash Flow with significant growth of 83.42% from 2023 to 2024, indicating improved cash generation capacity. Operating Cash Flow remains strong, and its ratio to Net Income shows robust operational efficiency. However, the Free Cash Flow to Net Income Ratio suggests limited cash available after capital expenditures, posing a potential risk if not managed carefully.78
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 216.83B | 210.95B | 205.25B | 193.26B | 181.00B | Gross Profit |
| 189.10B | 155.17B | 184.62B | 176.22B | 166.56B | EBIT |
| 0.00 | 101.16B | 6.71B | 49.26B | 49.56B | EBITDA |
| 114.34B | 108.83B | 105.43B | 99.54B | 93.00B | Net Income Common Stockholders |
| 32.31B | 26.61B | 10.48B | 26.37B | 24.28B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 11.00B | 17.09B | 25.80B | 33.42B | 48.57B | Total Assets |
| 623.27B | 609.52B | 624.16B | 626.33B | 575.85B | Total Debt |
| 335.62B | 302.34B | 292.01B | 274.24B | 242.79B | Net Debt |
| 325.61B | 286.17B | 266.80B | 250.34B | 202.55B | Total Liabilities |
| 506.54B | 499.13B | 510.20B | 498.86B | 456.18B | Stockholders Equity |
| 115.42B | 105.22B | 108.73B | 123.22B | 115.41B |
| Cash Flow | Free Cash Flow | |||
| 13.45B | 7.33B | -19.35B | -10.58B | 11.01B | Operating Cash Flow |
| 81.73B | 85.77B | 76.20B | 91.81B | 87.52B | Investing Cash Flow |
| -65.70B | -55.12B | -33.01B | -103.48B | -74.35B | Financing Cash Flow |
| -22.33B | -39.42B | -42.30B | -4.90B | 3.70B |
PLDT Technical Analysis
Negative
22.46
Price Trends
22.84
Negative
22.36
Positive
23.80
Negative
Market Momentum
-0.25
Positive
44.45
Neutral
20.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PHI, the sentiment is Negative. The current price of 22.46 is below the 20-day moving average (MA) of 23.27, below the 50-day MA of 22.84, and below the 200-day MA of 23.80, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $302.48B | 27.41 | 17.93% | 1.15% | 3.62% | 38.24% | |
77 Outperform | $138.46B | 8.84 | 19.24% | 3.36% | 1.78% | 11.62% | |
76 Outperform | $4.80B | 8.39 | 29.05% | 5.66% | -0.15% | 17.96% | |
76 Outperform | $203.00B | 18.96 | 10.54% | 3.92% | -0.08% | -24.48% | |
73 Outperform | $189.14B | 10.84 | 18.27% | 5.92% | 0.61% | 50.39% | |
64 Neutral | $6.22B | ― | -17.68% | ― | 32.25% | 20.56% | |
59 Neutral | $27.83B | 1.88 | -18.16% | 4.00% | 2.13% | -44.45% |
* Communication Services Sector Average
Performance Comparison
PHI
PLDT
22.46
-0.46
-2.01%
T
AT&T
28.48
11.92
71.98%
CMCSA
Comcast
36.72
-4.10
-10.04%
VZ
Verizon
45.38
5.53
13.88%
TMUS
T Mobile US
268.54
108.72
68.03%
S
SentinelOne
18.61
-3.94
-17.47%
PLDT Earnings Call Summary
Earnings Call Date: Feb 27, 2025 | % Change Since: -2.52% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Positive
The earnings call reflected a generally positive outlook with consistent revenue growth, strong EBITDA improvements, and significant achievements in the fintech and sustainability areas. However, challenges remain with legacy revenue decline and slower Fiber broadband growth compared to industry averages.Highlights
Consistent Revenue Growth
Service revenue grew 2% year-on-year to PHP 194.7 billion, driven by Fiber, Mobile data, and Enterprise ICT. Gross revenue rose by 3% to PHP 208.4 billion.
Strong EBITDA Improvement
EBITDA expanded by 4% to PHP 108.5 billion, with an EBITDA margin of 52%, indicating strong operational efficiency.
Enterprise ICT Growth
Enterprise revenues grew 3% to PHP 48.4 billion, with ICT services being the fastest-growing segment, up 15%.
Fintech Milestones
Maya Innovations posted its first profitable month in December 2024. Maya Bank has been profitable since September 2024.
Sustainability Achievements
PLDT's S&P Corporate Sustainability Assessment score rose 14 points to 72, making it the highest among Philippine corporates.
Lowlights
Legacy Revenue Decline
Legacy revenues continue to decline, affecting overall revenue growth, though moderation is expected as customers migrate to new segments.
Subscriber Cleanup Impact
Prepaid Mobile subscriber losses occurred due to a year-end cleanup.
Challenges in Fiber Broadband Growth
Despite improvements, Fiber broadband growth was slower than industry average, with net additions decreasing from 100,000 in Q3 to 40,000 in Q4.
Company Guidance
In the 2024 fiscal year, PLDT reported a stable financial performance with significant growth across various segments. The company's service revenue increased by 2% year-on-year to PHP 194.7 billion, driven by Fiber, Mobile Data, and Enterprise ICT, with overall gross revenue rising by 3% to PHP 208.4 billion. EBITDA grew by 4% to PHP 108.5 billion, maintaining a strong margin of 52%. The Individual Mobile Data segment saw a 5% increase, while Home Fiber and Corporate data and ICT services experienced growth of 6% and 5%, respectively. PLDT's Telco Core income rose by 2% to PHP 35.1 billion, and the company continued its asset monetization strategy, including tower sales and planned copper asset sales. The CapEx for 2024 was PHP 78.2 billion, with a reduced intensity of 38%, and the guidance for 2025 is set between PHP 68 billion and PHP 73 billion. PLDT's financial stability is underscored by a net debt-to-EBITDA ratio of 2.52 times and retained investment-grade ratings. The company's fintech arm, Maya, achieved a positive net income in December 2024, marking a significant milestone.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.