Manila Electric Co
XPHS:MER

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Manila Electric Co
XPHS:MER
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Price: 591 PHP -1.34% Market Closed
Market Cap: 666.1B PHP
Section:
 

Relative Value

The Relative Value of one MER stock under the Base Case scenario is 661.42 PHP. Compared to the current market price of 591 PHP, Manila Electric Co is Undervalued by 11%.

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
661.42 PHP
Undervaluation 11%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.4
P/S
P/S
Price to Sales
1.4
vs History
0
vs Industry
53
Median 3Y
1
Median 5Y
1
Industry
1.7
Forward
1.3
More Details
13.6
P/E
P/E
Price to Earnings
13.6
vs History
25
vs Industry
42
Median 3Y
11.5
Median 5Y
12.7
Industry
15.2
Forward
13.2
More Details
14.8
P/OCF
P/OCF
Price to OCF
14.8
vs History
20
vs Industry
16
Median 3Y
13.1
Median 5Y
12
Industry
7.4
More Details
10.2
P/FCFE
P/FCFE
Price to FCFE
10.2
vs History
46
vs Industry
5
Median 3Y
11.2
Median 5Y
10.2
Industry
14.6
More Details
4
P/B
P/B
Price to Book Value
4
vs History
11
vs Industry
8
Median 3Y
3.6
Median 5Y
3.6
Industry
1.4
More Details
1.6
EV/S
EV/S
Enterprise Value to Sales
1.6
vs History
0
vs Industry
66
Median 3Y
1
Median 5Y
1
Industry
2.9
Forward
1.5
More Details
8
EV/GP
EV/GP
Enterprise Value to Gross Profit
8
vs History
0
vs Industry
54
Median 3Y
5.3
Median 5Y
5
Industry
7.9
More Details
12
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12
vs History
0
vs Industry
45
Median 3Y
9.3
Median 5Y
9.1
Industry
10.7
Forward
11.1
More Details
16.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.2
vs History
7
vs Industry
45
Median 3Y
15.1
Median 5Y
13.7
Industry
15.3
Forward
15
More Details
17.4
EV/OCF
EV/OCF
Enterprise Value to OCF
17.4
vs History
17
vs Industry
31
Median 3Y
13.6
Median 5Y
11.9
Industry
11.3
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
14
Median 3Y
-14.5
Median 5Y
7.3
Industry
17
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
3
vs Industry
21
Median 3Y
1.1
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
666.1B PHP 1.4 13.6 12 16.2
US
Nextera Energy Inc
NYSE:NEE
163.2B USD 6.2 25.1 17.6 33.8
ES
Iberdrola SA
MAD:IBE
122.2B EUR 2.7 22.4 9.9 18.2
IT
Enel SpA
MIL:ENEL
94.1B EUR 0.8 9.4 5.5 7.7
US
Constellation Energy Corp
NASDAQ:CEG
105.7B USD 4.3 38.6 22.8 32
US
Southern Co
NYSE:SO
95B USD 3.3 21.3 11.8 21.1
US
Duke Energy Corp
NYSE:DUK
90.4B USD 2.9 18.3 10.8 20
US
American Electric Power Company Inc
NASDAQ:AEP
60.8B USD 2.9 16.6 11.9 19.8
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
43.4B USD 1.8 15.4 10.3 17.7
US
Xcel Energy Inc
NASDAQ:XEL
43.3B USD 3 22.6 13.5 29.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
PH
Manila Electric Co
XPHS:MER
Average EV/EBITDA: 12.6
12
12%
1
US
Nextera Energy Inc
NYSE:NEE
17.6
18%
1
ES
Iberdrola SA
MAD:IBE
9.9
-2%
N/A
IT
Enel SpA
MIL:ENEL
5.5
7%
0.8
US
Constellation Energy Corp
NASDAQ:CEG
22.8
7%
3.3
US
Southern Co
NYSE:SO
11.8
9%
1.3
US
Duke Energy Corp
NYSE:DUK
10.8
8%
1.3
US
American Electric Power Company Inc
NASDAQ:AEP
11.9
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
10.3
9%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
13.5
16%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
PH
Manila Electric Co
XPHS:MER
Average EV/EBIT: 21.6
16.2
12%
1.4
US
Nextera Energy Inc
NYSE:NEE
33.8
22%
1.5
ES
Iberdrola SA
MAD:IBE
18.2
0%
N/A
IT
Enel SpA
MIL:ENEL
7.7
7%
1.1
US
Constellation Energy Corp
NASDAQ:CEG
32
13%
2.5
US
Southern Co
NYSE:SO
21.1
11%
1.9
US
Duke Energy Corp
NYSE:DUK
20
9%
2.2
US
American Electric Power Company Inc
NASDAQ:AEP
19.8
14%
1.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
17.7
10%
1.8
US
Xcel Energy Inc
NASDAQ:XEL
29.2
23%
1.3

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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