Manila Electric Co
XPHS:MER

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Manila Electric Co
XPHS:MER
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Price: 452 PHP -2.71% Market Closed
Market Cap: 509.4B PHP
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Relative Value

The Relative Value of one MER stock under the Base Case scenario is 581.29 PHP. Compared to the current market price of 452 PHP, Manila Electric Co is Undervalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MER Relative Value
Base Case
581.29 PHP
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.1
P/S
P/S
Price to Sales
1.1
vs History
4
vs Industry
62
Median 3Y
0.9
Median 5Y
0.9
Industry
1.6
Forward
1.1
More Details
12
P/E
P/E
Price to Earnings
12
vs History
46
vs Industry
54
Median 3Y
11.7
Median 5Y
12
Industry
15.1
Forward
12
More Details
7.1
P/OCF
P/OCF
Price to OCF
7.1
vs History
57
vs Industry
52
Median 3Y
8.6
Median 5Y
7.9
Industry
7
More Details
13.2
P/FCFE
P/FCFE
Price to FCFE
13.2
vs History
36
vs Industry
33
Median 3Y
11.3
Median 5Y
10.5
Industry
13.9
More Details
3.8
P/B
P/B
Price to Book Value
3.8
vs History
9
vs Industry
12
Median 3Y
3.5
Median 5Y
3.5
Industry
1.4
More Details
1.1
EV/S
EV/S
Enterprise Value to Sales
1.1
vs History
6
vs Industry
76
Median 3Y
1
Median 5Y
1
Industry
2.7
Forward
1.1
More Details
5.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.4
vs History
6
vs Industry
63
Median 3Y
4.9
Median 5Y
4.6
Industry
7.5
More Details
8.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
8.4
vs History
41
vs Industry
58
Median 3Y
9.1
Median 5Y
8.4
Industry
10.3
Forward
8
More Details
11.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
11.8
vs History
44
vs Industry
54
Median 3Y
13.8
Median 5Y
11.8
Industry
14.6
Forward
10.8
More Details
7.1
EV/OCF
EV/OCF
Enterprise Value to OCF
7.1
vs History
57
vs Industry
67
Median 3Y
8.9
Median 5Y
8.1
Industry
11.1
More Details
10
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
10
vs History
41
vs Industry
39
Median 3Y
8.7
Median 5Y
8.7
Industry
16.8
More Details
1.1
EV/IC
EV/IC
Enterprise Value to IC
1.1
vs History
4
vs Industry
39
Median 3Y
1
Median 5Y
1
Industry
0.9
More Details

Multiples Across Competitors

MER Competitors Multiples
Manila Electric Co Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
PH
Manila Electric Co
XPHS:MER
509.3B PHP 1.1 12 8.4 11.8
US
Nextera Energy Inc
NYSE:NEE
147.4B USD 5.6 21.2 15.4 26
US
Southern Co
NYSE:SO
90.8B USD 3.4 19.2 12.5 21.8
ES
Iberdrola SA
MAD:IBE
84.5B EUR 1.9 12.7 7 10.6
US
Duke Energy Corp
NYSE:DUK
83.6B USD 2.8 19.9 11.7 21.4
IT
Enel SpA
MIL:ENEL
69.1B EUR 0.6 7.9 4 5.4
US
Constellation Energy Corp
NASDAQ:CEG
71.1B USD 3 24.8 12.7 23.1
US
PG&E Corp
NYSE:PCG
51.8B USD 2.1 18.9 11.8 20.9
US
American Electric Power Company Inc
NASDAQ:AEP
49.3B USD 2.5 18.7 12.4 22.4
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
DK
Oersted A/S
SWB:D2G
39.2B EUR 4.5 57.9 24.2 24.2
P/E Multiple
Earnings Growth P/E to Growth
PH
Manila Electric Co
XPHS:MER
Average P/E: 21.3
12
25%
0.5
US
Nextera Energy Inc
NYSE:NEE
21.2
14%
1.6
US
Southern Co
NYSE:SO
19.2
31%
0.6
ES
Iberdrola SA
MAD:IBE
12.7
24%
0.5
US
Duke Energy Corp
NYSE:DUK
19.9
93%
0.2
IT
Enel SpA
MIL:ENEL
7.9
112%
0.1
US
Constellation Energy Corp
NASDAQ:CEG
24.8
93%
0.3
US
PG&E Corp
NYSE:PCG
18.9
91%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
18.7
53%
0.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
DK
O
Oersted A/S
SWB:D2G
57.9
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
PH
Manila Electric Co
XPHS:MER
Average EV/EBITDA: 12
8.4
51%
0.2
US
Nextera Energy Inc
NYSE:NEE
15.4
24%
0.6
US
Southern Co
NYSE:SO
12.5
28%
0.4
ES
Iberdrola SA
MAD:IBE
7
16%
0.4
US
Duke Energy Corp
NYSE:DUK
11.7
25%
0.5
IT
Enel SpA
MIL:ENEL
4
1%
4.7
US
Constellation Energy Corp
NASDAQ:CEG
12.7
28%
0.5
US
PG&E Corp
NYSE:PCG
11.8
60%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
12.4
38%
0.3
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.2
153%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
PH
Manila Electric Co
XPHS:MER
Average EV/EBIT: 18.8
11.8
60%
0.2
US
Nextera Energy Inc
NYSE:NEE
26
26%
1
US
Southern Co
NYSE:SO
21.8
46%
0.5
ES
Iberdrola SA
MAD:IBE
10.6
21%
0.5
US
Duke Energy Corp
NYSE:DUK
21.4
35%
0.6
IT
Enel SpA
MIL:ENEL
5.4
1%
3.8
US
Constellation Energy Corp
NASDAQ:CEG
23.1
161%
0.1
US
PG&E Corp
NYSE:PCG
20.9
99%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.4
56%
0.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.2
64%
0.4

See Also

Summary
MER intrinsic value, competitors valuation, and company profile.
DCF Valuation
MER stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MER stock valuation using valuation multiples.
Wall Street Estimates
MER price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MER stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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