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. PHI scores excellent on profitability, but 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
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
PHI has a better Return On Assets (5.02%) than 71.43% of its industry peers.
The Return On Equity of PHI (27.25%) is better than 95.24% of its industry peers.
PHI's Return On Invested Capital of 9.10% is fine compared to the rest of the industry. PHI outperforms 76.19% of its industry peers.
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 last Return On Invested Capital (9.10%) for PHI is above the 3 year average (5.82%), which is a sign of increasing profitability.
| 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 Profit Margin of 14.44%. This is amongst the best in the industry. PHI outperforms 100.00% of its industry peers.
PHI's Profit Margin has improved in the last couple of years.
PHI's Operating Margin of 24.45% is amongst the best of the industry. PHI outperforms 95.24% of its industry peers.
In the last couple of years the Operating Margin of PHI has remained more or less at the same level.
PHI's Gross Margin of 86.73% is amongst the best of the industry. PHI outperforms 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.
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.
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.
With a Altman-Z score value of 0.78, PHI is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
The Debt to FCF ratio of PHI is 20.01, which is on the high side as it means it would take PHI, 20.01 years of fcf income to pay off all of its debts.
PHI has a Debt to FCF ratio of 20.01. This is in the lower half of the industry: PHI underperforms 66.67% of its industry peers.
A Debt/Equity ratio of 2.68 is on the high side and indicates that PHI has dependencies on debt financing.
PHI's Debt to Equity ratio of 2.68 is on the low side compared to the rest of the industry. PHI is outperformed by 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
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.
The Current ratio of PHI (0.36) is worse than 95.24% of its industry peers.
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.
PHI's Quick ratio of 0.35 is on the low side compared to the rest of the industry. PHI is outperformed by 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.
Measured over the past 5 years, PHI shows a small growth in Earnings Per Share. The EPS has been growing by 5.18% on average per year.
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
PHI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.80% yearly.
Based on estimates for the next years, PHI will show a small growth in Revenue. The Revenue will grow by 3.15% on average per year.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.74, the valuation of PHI can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of PHI indicates a rather cheap valuation: PHI is cheaper than 95.24% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, PHI is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.01, the valuation of PHI can be described as very cheap.
Based on the Price/Forward Earnings ratio, PHI is valued cheaply inside the industry as 95.24% of the companies are valued more expensively.
PHI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.74 | ||
| Fwd PE | 7.01 |
4.2 Price Multiples
71.43% of the companies in the same industry are more expensive than PHI, based on the Enterprise Value to EBITDA ratio.
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 | 15.93 | ||
| EV/EBITDA | 5.29 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PHI does not grow enough to justify the current Price/Earnings ratio.
PHI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.95
PEG (5Y)1.5
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.
Compared to an average S&P500 Dividend Yield of 2.34, PHI pays a better dividend.
| 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 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
PHI pays out 66.05% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PHI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP66.05%
EPS Next 2Y4.64%
EPS Next 3Y3.8%
21.9
+0.26 (+1.2%)
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 Cap4.73B
Analysts82.5
Price Target30.66 (40%)
Short Float %0.25%
Short Ratio3.58
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 | 7.74 | ||
| Fwd PE | 7.01 | ||
| P/S | 1.23 | ||
| P/FCF | 15.93 | ||
| P/OCF | 3.25 | ||
| P/B | 2.32 | ||
| P/tB | 5.26 | ||
| EV/EBITDA | 5.29 |
EPS(TTM)2.83
EY12.92%
EPS(NY)3.13
Fwd EY14.27%
FCF(TTM)1.37
FCFY6.28%
OCF(TTM)6.74
OCFY30.76%
SpS17.79
BVpS9.42
TBVpS4.16
PEG (NY)1.95
PEG (5Y)1.5
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%