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 22 industry peers in the Wireless Telecommunication Services industry. PHI has an excellent profitability rating, but there are concerns on its financial health. PHI may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year PHI was profitable.
In the past year PHI had a positive cash flow from operations.
PHI had positive earnings in each of the past 5 years.
PHI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.31%, PHI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
PHI has a better Return On Equity (23.95%) than 95.24% of its industry peers.
PHI's Return On Invested Capital of 7.91% is fine compared to the rest of the industry. PHI outperforms 71.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PHI is in line with the industry average of 6.52%.
The last Return On Invested Capital (7.91%) for PHI is above the 3 year average (5.70%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 23.95% | ||
| ROIC | 7.91% |
ROA(3y)3.41%
ROA(5y)3.74%
ROE(3y)18.73%
ROE(5y)19.45%
ROIC(3y)5.7%
ROIC(5y)7.07%
1.3 Margins
PHI has a better Profit Margin (12.41%) than 80.95% of its industry peers.
In the last couple of years the Profit Margin of PHI has grown nicely.
PHI's Operating Margin of 20.26% is fine compared to the rest of the industry. PHI outperforms 71.43% of its industry peers.
In the last couple of years the Operating Margin of PHI has grown nicely.
PHI has a better Gross Margin (87.28%) 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 | 20.26% | ||
| PM (TTM) | 12.41% | ||
| GM | 87.28% |
OM growth 3Y-3.65%
OM growth 5Y12.93%
PM growth 3Y-2.02%
PM growth 5Y1.92%
GM growth 3Y-1.34%
GM growth 5Y0.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PHI is still creating some value.
The number of shares outstanding for PHI remains at a similar level compared to 1 year ago.
The number of shares outstanding for PHI remains at a similar level compared to 5 years ago.
PHI has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.75, we must say that PHI is in the distress zone and has some risk of bankruptcy.
PHI has a worse Altman-Z score (0.75) than 66.67% of its industry peers.
The Debt to FCF ratio of PHI is 11.64, which is on the high side as it means it would take PHI, 11.64 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 11.64, PHI perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
PHI has a Debt/Equity ratio of 2.66. This is a high value indicating a heavy dependency on external financing.
PHI has a Debt to Equity ratio of 2.66. This is in the lower half of the industry: PHI underperforms 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.66 | ||
| Debt/FCF | 11.64 | ||
| Altman-Z | 0.75 |
ROIC/WACC1.26
WACC6.28%
2.3 Liquidity
A Current Ratio of 0.34 indicates that PHI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.34, PHI is doing worse than 95.24% of the companies in the same industry.
PHI has a Quick Ratio of 0.34. 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 Quick ratio of PHI (0.32) is worse than 95.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
PHI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.51%.
The Earnings Per Share has been growing slightly by 4.91% on average over the past years.
PHI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.29%.
Measured over the past years, PHI shows a small growth in Revenue. The Revenue has been growing by 5.07% on average per year.
EPS 1Y (TTM)1.51%
EPS 3Y6.61%
EPS 5Y4.91%
EPS Q2Q%15.64%
Revenue 1Y (TTM)3.29%
Revenue growth 3Y5.24%
Revenue growth 5Y5.07%
Sales Q2Q%1.99%
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 7.23% on average per year.
Based on estimates for the next years, PHI will show a small growth in Revenue. The Revenue will grow by 3.76% on average per year.
EPS Next Y7.07%
EPS Next 2Y7.16%
EPS Next 3Y7.23%
EPS Next 5YN/A
Revenue Next Year3.28%
Revenue Next 2Y3.81%
Revenue Next 3Y3.76%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 8.60, the valuation of PHI can be described as reasonable.
Based on the Price/Earnings ratio, PHI is valued cheaply inside the industry as 90.48% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.63. PHI is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.94, the valuation of PHI can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PHI indicates a rather cheap valuation: PHI is cheaper than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, PHI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.6 | ||
| Fwd PE | 7.94 |
4.2 Price Multiples
PHI's Enterprise Value to EBITDA is on the same level as the industry average.
PHI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.77 | ||
| EV/EBITDA | 5.85 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of PHI may justify a higher PE ratio.
PEG (NY)1.22
PEG (5Y)1.75
EPS Next 2Y7.16%
EPS Next 3Y7.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.05%, PHI is a good candidate for dividend investing.
PHI's Dividend Yield is rather good when compared to the industry average which is at 5.05. PHI pays more dividend than 90.48% of the companies in the same industry.
PHI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.05% |
5.2 History
On average, the dividend of PHI grows each year by 10.72%, which is quite nice.
PHI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)10.72%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
78.06% 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.
DP78.06%
EPS Next 2Y7.16%
EPS Next 3Y7.23%
23.9
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners5.78%
Inst Owner Change5.21%
Ins Owners0.74%
Ins Owner ChangeN/A
Market Cap5.16B
Analysts80
Price Target31.17 (30.42%)
Short Float %0.16%
Short Ratio2.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.05% |
Yearly Dividend109.09
Dividend Growth(5Y)10.72%
DP78.06%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.62%
Min EPS beat(2)-4.35%
Max EPS beat(2)-0.89%
EPS beat(4)2
Avg EPS beat(4)5.04%
Min EPS beat(4)-4.35%
Max EPS beat(4)22.14%
EPS beat(8)6
Avg EPS beat(8)16.1%
EPS beat(12)10
Avg EPS beat(12)16.17%
EPS beat(16)14
Avg EPS beat(16)14.26%
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)0.69%
PT rev (3m)-2.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.17%
EPS NY rev (1m)3.65%
EPS NY rev (3m)3.65%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.6 | ||
| Fwd PE | 7.94 | ||
| P/S | 1.39 | ||
| P/FCF | 10.77 | ||
| P/OCF | 3.4 | ||
| P/B | 2.68 | ||
| P/tB | 6.31 | ||
| EV/EBITDA | 5.85 |
EPS(TTM)2.78
EY11.63%
EPS(NY)3.01
Fwd EY12.6%
FCF(TTM)2.22
FCFY9.29%
OCF(TTM)7.04
OCFY29.45%
SpS17.23
BVpS8.93
TBVpS3.79
PEG (NY)1.22
PEG (5Y)1.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 23.95% | ||
| ROCE | 10.24% | ||
| ROIC | 7.91% | ||
| ROICexc | 8.16% | ||
| ROICexgc | 9.66% | ||
| OM | 20.26% | ||
| PM (TTM) | 12.41% | ||
| GM | 87.28% | ||
| FCFM | 12.88% |
ROA(3y)3.41%
ROA(5y)3.74%
ROE(3y)18.73%
ROE(5y)19.45%
ROIC(3y)5.7%
ROIC(5y)7.07%
ROICexc(3y)6.3%
ROICexc(5y)7.93%
ROICexgc(3y)7.62%
ROICexgc(5y)9.93%
ROCE(3y)7.38%
ROCE(5y)9.15%
ROICexcg growth 3Y-7.9%
ROICexcg growth 5Y2.59%
ROICexc growth 3Y-6.16%
ROICexc growth 5Y6.33%
OM growth 3Y-3.65%
OM growth 5Y12.93%
PM growth 3Y-2.02%
PM growth 5Y1.92%
GM growth 3Y-1.34%
GM growth 5Y0.25%
F-Score5
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.66 | ||
| Debt/FCF | 11.64 | ||
| Debt/EBITDA | 2.87 | ||
| Cap/Depr | 100.84% | ||
| Cap/Sales | 27.97% | ||
| Interest Coverage | 4.29 | ||
| Cash Conversion | 85.1% | ||
| Profit Quality | 103.8% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 0.75 |
F-Score5
WACC6.28%
ROIC/WACC1.26
Cap/Depr(3y)139.77%
Cap/Depr(5y)159.58%
Cap/Sales(3y)46.01%
Cap/Sales(5y)46.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.51%
EPS 3Y6.61%
EPS 5Y4.91%
EPS Q2Q%15.64%
EPS Next Y7.07%
EPS Next 2Y7.16%
EPS Next 3Y7.23%
EPS Next 5YN/A
Revenue 1Y (TTM)3.29%
Revenue growth 3Y5.24%
Revenue growth 5Y5.07%
Sales Q2Q%1.99%
Revenue Next Year3.28%
Revenue Next 2Y3.81%
Revenue Next 3Y3.76%
Revenue Next 5YN/A
EBIT growth 1Y110.37%
EBIT growth 3Y1.39%
EBIT growth 5Y18.66%
EBIT Next Year114.1%
EBIT Next 3Y32.26%
EBIT Next 5YN/A
FCF growth 1Y218.69%
FCF growth 3Y1.66%
FCF growth 5Y-9.9%
OCF growth 1Y16.97%
OCF growth 3Y0.27%
OCF growth 5Y7.01%