PLDT INC-SPON ADR (PHI) Stock Fundamental Analysis
NYSE:PHI - New York Stock Exchange, Inc. - US69344D4088 - ADR - Currency: USD
PHI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 21 industry peers in the Wireless Telecommunication Services industry. While PHI has a great profitability rating, there are quite some concerns on its financial health. PHI has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PHI was profitable.
PHI had a positive operating cash flow in the past year.
Each year in the past 5 years PHI has been profitable.
PHI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of PHI (5.02%) is better than 71.43% of its industry peers.
Looking at the Return On Equity, with a value of 27.25%, PHI belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
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.
Measured over the past 3 years, the Average Return On Invested Capital for PHI is in line with the industry average of 6.34%.
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's Profit Margin of 14.44% is amongst the best of the industry. PHI outperforms 100.00% of its industry peers.
PHI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 24.45%, PHI belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
In the last couple of years the Operating Margin of PHI has remained more or less at the same level.
The Gross Margin of PHI (86.73%) is better than 90.48% of its industry peers.
PHI's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PHI is creating value.
PHI has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, PHI has about the same amount of shares outstanding.
The debt/assets ratio for PHI is higher compared to a year ago.
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.
PHI's Altman-Z score of 0.78 is on the low side compared to the rest of the industry. PHI is outperformed by 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 66.67% 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.
With a Debt to Equity ratio value of 2.68, PHI is not doing good in the industry: 80.95% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.68 | ||
| Debt/FCF | 20.01 | ||
| Altman-Z | 0.78 |
ROIC/WACC3.34
WACC2.72%
2.3 Liquidity
PHI has a Current Ratio of 0.36. This is a bad value and indicates that PHI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.36, PHI is doing worse than 95.24% of the companies in the same industry.
PHI has a Quick Ratio of 0.36. This is a bad value and indicates that PHI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.35, PHI is not doing good in the industry: 95.24% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been growing slightly by 5.18% on average over the past years.
The Revenue has been growing slightly by 2.38% in the past year.
PHI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.09% yearly.
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
The Earnings Per Share is expected to grow by 3.80% on average over the next years.
PHI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.15% yearly.
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 7.57.
Based on the Price/Earnings ratio, PHI is valued cheaper than 100.00% of the companies in the same industry.
PHI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.52.
Based on the Price/Forward Earnings ratio of 6.86, the valuation of PHI can be described as very cheap.
Based on the Price/Forward Earnings ratio, PHI is valued cheaper than 90.48% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.58, PHI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.57 | ||
| Fwd PE | 6.86 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PHI is valued a bit cheaper than 66.67% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PHI indicates a slightly more expensive valuation: PHI is more expensive than 61.90% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.59 | ||
| EV/EBITDA | 5.28 |
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)1.91
PEG (5Y)1.46
EPS Next 2Y4.64%
EPS Next 3Y3.8%
5. Dividend
5.1 Amount
PHI has a Yearly Dividend Yield of 7.87%, which is a nice return.
Compared to an average industry Dividend Yield of 5.11, PHI pays a better dividend. On top of this PHI pays more dividend than 95.24% 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 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.87% |
5.2 History
The dividend of PHI has a limited annual growth rate of 5.62%.
PHI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.62%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PHI pays out 66.05% of its income as dividend. 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%
21.51
-0.15 (-0.69%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners5.1%
Inst Owner Change0%
Ins Owners0.81%
Ins Owner ChangeN/A
Market Cap4.65B
Analysts82.5
Price Target30.66 (42.54%)
Short Float %0.22%
Short Ratio3.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.87% |
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)-6.53%
PT rev (3m)0.16%
EPS NQ rev (1m)0.92%
EPS NQ rev (3m)-11.63%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.25%
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 | 7.57 | ||
| Fwd PE | 6.86 | ||
| P/S | 1.2 | ||
| P/FCF | 15.59 | ||
| P/OCF | 3.18 | ||
| P/B | 2.27 | ||
| P/tB | 5.15 | ||
| EV/EBITDA | 5.28 |
EPS(TTM)2.84
EY13.2%
EPS(NY)3.14
Fwd EY14.58%
FCF(TTM)1.38
FCFY6.41%
OCF(TTM)6.76
OCFY31.43%
SpS17.85
BVpS9.46
TBVpS4.18
PEG (NY)1.91
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%