PLDT INC-SPON ADR (PHI) Stock Fundamental Analysis
NYSE:PHI - New York Stock Exchange, Inc. - US69344D4088 - ADR - Currency: USD
Taking everything into account, PHI scores 5 out of 10 in our fundamental rating. PHI was compared to 21 industry peers in the Wireless Telecommunication Services industry. While PHI belongs to the best of the industry regarding profitability, there are concerns on its financial health. PHI is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PHI had positive earnings in the past year.
In the past year PHI had a positive cash flow from operations.
Each year in the past 5 years PHI has been profitable.
In the past 5 years PHI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of PHI (5.02%) is better than 71.43% of its industry peers.
PHI has a better Return On Equity (27.25%) than 95.24% of its industry peers.
With a decent Return On Invested Capital value of 9.10%, PHI is doing good in the industry, outperforming 76.19% of the companies in the same industry.
PHI had an Average Return On Invested Capital over the past 3 years of 5.82%. This is in line with the industry average of 6.28%.
The 3 year average ROIC (5.82%) for PHI is below the current ROIC(9.10%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 27.25% | ||
| ROIC | 9.1% |
ROA(3y)3.73%
ROA(5y)3.92%
ROE(3y)20.92%
ROE(5y)21.02%
ROIC(3y)5.82%
ROIC(5y)6.78%
1.3 Margins
PHI has a better Profit Margin (14.44%) than 100.00% of its industry peers.
PHI's Profit Margin has improved in the last couple of years.
The Operating Margin of PHI (24.45%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of PHI has remained more or less at the same level.
With an excellent Gross Margin value of 86.73%, PHI belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
In the last couple of years the Gross Margin of PHI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.45% | ||
| PM (TTM) | 14.44% | ||
| GM | 86.73% |
OM growth 3Y1.9%
OM growth 5Y0.33%
PM growth 3Y2.8%
PM growth 5Y2.3%
GM growth 3Y-1.41%
GM growth 5Y-0.63%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PHI is creating value.
Compared to 1 year ago, PHI has about the same amount of shares outstanding.
Compared to 5 years ago, PHI has about the same amount of shares outstanding.
Compared to 1 year ago, PHI has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that PHI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of PHI (0.78) is worse than 66.67% of its industry peers.
PHI has a debt to FCF ratio of 20.01. This is a negative value and a sign of low solvency as PHI would need 20.01 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 20.01, PHI is doing worse than 61.90% of the companies in the same industry.
A Debt/Equity ratio of 2.68 is on the high side and indicates that PHI has dependencies on debt financing.
The Debt to Equity ratio of PHI (2.68) is worse than 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.68 | ||
| Debt/FCF | 20.01 | ||
| Altman-Z | 0.78 |
ROIC/WACC3.34
WACC2.72%
2.3 Liquidity
A Current Ratio of 0.36 indicates that PHI may have some problems paying its short term obligations.
PHI's Current ratio of 0.36 is on the low side compared to the rest of the industry. PHI is outperformed by 95.24% of its industry peers.
A Quick Ratio of 0.35 indicates that PHI may have some problems paying its short term obligations.
PHI has a worse Quick ratio (0.35) than 95.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.33% over the past year.
PHI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.18% yearly.
The Revenue has been growing slightly by 2.38% in the past year.
Measured over the past years, PHI shows a small growth in Revenue. The Revenue has been growing by 5.09% on average per year.
EPS 1Y (TTM)3.33%
EPS 3Y5.37%
EPS 5Y5.18%
EPS Q2Q%-3.92%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y4.1%
Revenue growth 5Y5.09%
Sales Q2Q%-1.76%
3.2 Future
Based on estimates for the next years, PHI will show a small growth in Earnings Per Share. The EPS will grow by 3.80% on average per year.
The Revenue is expected to grow by 3.15% on average over the next years.
EPS Next Y3.96%
EPS Next 2Y4.64%
EPS Next 3Y3.8%
EPS Next 5YN/A
Revenue Next Year2.49%
Revenue Next 2Y2.41%
Revenue Next 3Y3.15%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
PHI is valuated cheaply with a Price/Earnings ratio of 7.54.
Based on the Price/Earnings ratio, PHI is valued cheaper than 90.48% of the companies in the same industry.
When comparing the Price/Earnings ratio of PHI to the average of the S&P500 Index (26.32), we can say PHI is valued rather cheaply.
The Price/Forward Earnings ratio is 6.81, which indicates a rather cheap valuation of PHI.
PHI's Price/Forward Earnings ratio is rather cheap when compared to the industry. PHI is cheaper than 90.48% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, PHI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.54 | ||
| Fwd PE | 6.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PHI is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PHI is valued a bit more expensive than 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.49 | ||
| EV/EBITDA | 5.25 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PHI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)1.46
EPS Next 2Y4.64%
EPS Next 3Y3.8%
5. Dividend
5.1 Amount
PHI has a Yearly Dividend Yield of 7.89%, which is a nice return.
Compared to an average industry Dividend Yield of 5.23, PHI pays a better dividend. On top of this PHI pays more dividend than 100.00% of the companies listed in the same industry.
PHI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.89% |
5.2 History
The dividend of PHI has a limited annual growth rate of 5.62%.
PHI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)5.62%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
66.05% of the earnings are spent on dividend by PHI. This is not a sustainable payout ratio.
PHI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP66.05%
EPS Next 2Y4.64%
EPS Next 3Y3.8%
21.48
-0.41 (-1.87%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners5.1%
Inst Owner Change10.23%
Ins Owners0.81%
Ins Owner ChangeN/A
Market Cap4.64B
Analysts82.67
Price Target32.8 (52.7%)
Short Float %0.21%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.89% |
Yearly Dividend1.71
Dividend Growth(5Y)5.62%
DP66.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.41%
Min EPS beat(2)-0.58%
Max EPS beat(2)5.39%
EPS beat(4)1
Avg EPS beat(4)-0.1%
Min EPS beat(4)-4.35%
Max EPS beat(4)5.39%
EPS beat(8)5
Avg EPS beat(8)6.64%
EPS beat(12)9
Avg EPS beat(12)13.5%
EPS beat(16)13
Avg EPS beat(16)13.58%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.59%
PT rev (3m)7.6%
EPS NQ rev (1m)-12.44%
EPS NQ rev (3m)-12.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.54 | ||
| Fwd PE | 6.81 | ||
| P/S | 1.2 | ||
| P/FCF | 15.49 | ||
| P/OCF | 3.16 | ||
| P/B | 2.26 | ||
| P/tB | 5.12 | ||
| EV/EBITDA | 5.25 |
EPS(TTM)2.85
EY13.27%
EPS(NY)3.15
Fwd EY14.67%
FCF(TTM)1.39
FCFY6.45%
OCF(TTM)6.79
OCFY31.63%
SpS17.94
BVpS9.51
TBVpS4.2
PEG (NY)1.9
PEG (5Y)1.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 27.25% | ||
| ROCE | 12.14% | ||
| ROIC | 9.1% | ||
| ROICexc | 9.41% | ||
| ROICexgc | 11.1% | ||
| OM | 24.45% | ||
| PM (TTM) | 14.44% | ||
| GM | 86.73% | ||
| FCFM | 7.73% |
ROA(3y)3.73%
ROA(5y)3.92%
ROE(3y)20.92%
ROE(5y)21.02%
ROIC(3y)5.82%
ROIC(5y)6.78%
ROICexc(3y)6.02%
ROICexc(5y)7.44%
ROICexgc(3y)7.16%
ROICexgc(5y)9.04%
ROCE(3y)7.76%
ROCE(5y)9.05%
ROICexcg growth 3Y-2.13%
ROICexcg growth 5Y-4.68%
ROICexc growth 3Y-0.98%
ROICexc growth 5Y-2.62%
OM growth 3Y1.9%
OM growth 5Y0.33%
PM growth 3Y2.8%
PM growth 5Y2.3%
GM growth 3Y-1.41%
GM growth 5Y-0.63%
F-Score6
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.68 | ||
| Debt/FCF | 20.01 | ||
| Debt/EBITDA | 2.79 | ||
| Cap/Depr | 114.01% | ||
| Cap/Sales | 30.14% | ||
| Interest Coverage | 4.67 | ||
| Cash Conversion | 74.42% | ||
| Profit Quality | 53.51% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.35 | ||
| Altman-Z | 0.78 |
F-Score6
WACC2.72%
ROIC/WACC3.34
Cap/Depr(3y)117.23%
Cap/Depr(5y)139.41%
Cap/Sales(3y)38.48%
Cap/Sales(5y)42.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.33%
EPS 3Y5.37%
EPS 5Y5.18%
EPS Q2Q%-3.92%
EPS Next Y3.96%
EPS Next 2Y4.64%
EPS Next 3Y3.8%
EPS Next 5YN/A
Revenue 1Y (TTM)2.38%
Revenue growth 3Y4.1%
Revenue growth 5Y5.09%
Sales Q2Q%-1.76%
Revenue Next Year2.49%
Revenue Next 2Y2.41%
Revenue Next 3Y3.15%
Revenue Next 5YN/A
EBIT growth 1Y21%
EBIT growth 3Y6.08%
EBIT growth 5Y5.44%
EBIT Next Year100.03%
EBIT Next 3Y29.59%
EBIT Next 5YN/A
FCF growth 1Y265.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-2.11%
OCF growth 3Y-3.86%
OCF growth 5Y3.33%