Manila Electric Co
XPHS:MER

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Manila Electric Co
XPHS:MER
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Price: 585 PHP -1.35% Market Closed
Market Cap: 659.3B PHP

Relative Value

The Relative Value of one MER stock under the Base Case scenario is 658.72 PHP. Compared to the current market price of 585 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
658.72 PHP
Undervaluation 11%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
53
Median 3Y
1
Median 5Y
1
Industry
1.7
Forward
1.3
vs History
33
vs Industry
42
Median 3Y
11.5
Median 5Y
12.7
Industry
15.1
Forward
13.1
vs History
23
vs Industry
16
Median 3Y
13.1
Median 5Y
12
Industry
7.4
vs History
52
vs Industry
5
Median 3Y
11.2
Median 5Y
10.3
Industry
14.6
vs History
14
vs Industry
8
Median 3Y
3.5
Median 5Y
3.6
Industry
1.4
vs History
1
vs Industry
66
Median 3Y
1
Median 5Y
1
Industry
2.9
Forward
1.5
vs History
1
vs Industry
54
Median 3Y
5.3
Median 5Y
4.9
Industry
7.9
vs History
1
vs Industry
45
Median 3Y
9.3
Median 5Y
9.1
Industry
10.6
Forward
10.9
vs History
14
vs Industry
45
Median 3Y
15.1
Median 5Y
13.3
Industry
15.3
Forward
14.7
vs History
20
vs Industry
31
Median 3Y
13.6
Median 5Y
11.9
Industry
11.3
vs History
vs Industry
14
Median 3Y
-14.8
Median 5Y
8.2
Industry
16.8
vs History
6
vs Industry
21
Median 3Y
1.1
Median 5Y
1
Industry
0.9

Multiples Across Competitors

MER Competitors Multiples
Manila Electric Co Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
PH
Manila Electric Co
XPHS:MER
659.3B PHP 1.4 13.5 11.9 16.1
US
Nextera Energy Inc
NYSE:NEE
169.4B USD 6.4 26.1 18.1 34.6
ES
Iberdrola SA
MAD:IBE
115.7B EUR 2.5 21.2 9.5 17.5
US
Constellation Energy Corp
NASDAQ:CEG
114.1B USD 4.6 41.6 24.5 34.4
IT
Enel SpA
MIL:ENEL
88.5B EUR 0.8 8.9 5.3 7.4
US
Southern Co
NYSE:SO
94.4B USD 3.3 21.2 11.8 21
US
Duke Energy Corp
NYSE:DUK
89.9B USD 2.8 18.2 10.7 20
US
American Electric Power Company Inc
NASDAQ:AEP
61.3B USD 2.9 16.7 12 19.9
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Xcel Energy Inc
NASDAQ:XEL
43.6B USD 3.1 22.8 13.6 29.3
US
Exelon Corp
NASDAQ:EXC
44.2B USD 1.8 15.7 10.4 17.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
PH
Manila Electric Co
XPHS:MER
Average EV/EBITDA: 12.8
11.9
12%
1
US
Nextera Energy Inc
NYSE:NEE
18.1
19%
1
ES
Iberdrola SA
MAD:IBE
9.5
-2%
N/A
US
Constellation Energy Corp
NASDAQ:CEG
24.5
5%
4.9
IT
Enel SpA
MIL:ENEL
5.3
7%
0.8
US
Southern Co
NYSE:SO
11.8
9%
1.3
US
Duke Energy Corp
NYSE:DUK
10.7
8%
1.3
US
American Electric Power Company Inc
NASDAQ:AEP
12
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Xcel Energy Inc
NASDAQ:XEL
13.6
15%
0.9
US
Exelon Corp
NASDAQ:EXC
10.4
9%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
PH
Manila Electric Co
XPHS:MER
Average EV/EBIT: 21.8
16.1
12%
1.3
US
Nextera Energy Inc
NYSE:NEE
34.6
23%
1.5
ES
Iberdrola SA
MAD:IBE
17.5
0%
N/A
US
Constellation Energy Corp
NASDAQ:CEG
34.4
10%
3.4
IT
Enel SpA
MIL:ENEL
7.4
7%
1.1
US
Southern Co
NYSE:SO
21
10%
2.1
US
Duke Energy Corp
NYSE:DUK
20
9%
2.2
US
American Electric Power Company Inc
NASDAQ:AEP
19.9
14%
1.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Xcel Energy Inc
NASDAQ:XEL
29.3
23%
1.3
US
Exelon Corp
NASDAQ:EXC
17.9
9%
2