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PLDT

DB:PLO
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLO
DB
PHP238B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

PLDT Inc. operates as a telecommunications company in the Philippines. The last earnings update was 11 days ago. More info.


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PLO Share Price and Events
7 Day Returns
1.1%
DB:PLO
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-10.4%
DB:PLO
1.1%
Europe Wireless Telecom
9.9%
DE Market
PLO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PLDT (PLO) 1.1% - - -10.4% -22.3% -63.7%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • PLO underperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • PLO underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
PLO
Industry
5yr Volatility vs Market
Related Companies

PLO Value

 Is PLDT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PLDT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PLDT.

DB:PLO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PLO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 30%) (84%))
0.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:PLO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PLDT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PLO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PHP, Millions) Source Present Value
Discounted (@ 5%)
2020 17,980.38 Analyst x5 17,124.82
2021 25,101.50 Analyst x4 22,769.54
2022 26,864.14 Est @ 7.02% 23,208.90
2023 28,203.00 Est @ 4.98% 23,206.21
2024 29,206.20 Est @ 3.56% 22,888.18
2025 29,953.40 Est @ 2.56% 22,356.80
2026 30,510.31 Est @ 1.86% 21,688.89
2027 30,928.26 Est @ 1.37% 20,939.85
2028 31,245.99 Est @ 1.03% 20,148.35
2029 31,492.06 Est @ 0.79% 19,340.76
Present value of next 10 years cash flows PHP213,672.00
DB:PLO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PHP31,492.06 × (1 + 0.23%) ÷ (5% – 0.23%)
PHP661,993.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PHP661,993.72 ÷ (1 + 5%)10
PHP406,561.57
DB:PLO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PHP213,672.00 + PHP406,561.57
PHP620,233.57
Equity Value per Share
(PHP)
= Total value / Shares Outstanding
= PHP620,233.57 / 216.06
PHP2870.71
DB:PLO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PLO represents 0.01706x of PSE:TEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01706x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (PHP) x Listing Adjustment Factor
= PHP 2,870.71 x 0.01706
€48.97
Value per share (EUR) From above. €48.97
Current discount Discount to share price of €18.80
= -1 x (€18.80 - €48.97) / €48.97
61.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PLDT is available for.
Intrinsic value
>50%
Share price is €18.8 vs Future cash flow value of €48.97
Current Discount Checks
For PLDT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PLDT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PLDT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PLDT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PLDT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PLO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PHP PHP86.01
PSE:TEL Share Price ** PSE (2019-11-18) in PHP PHP1102
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PLDT.

DB:PLO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= PSE:TEL Share Price ÷ EPS (both in PHP)

= 1102 ÷ 86.01

12.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PLDT is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • PLDT is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does PLDT's expected growth come at a high price?
Raw Data
DB:PLO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-1.3%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:PLO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.81x ÷ -1.3%

-9.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PLDT earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PLDT's assets?
Raw Data
DB:PLO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PHP PHP507.66
PSE:TEL Share Price * PSE (2019-11-18) in PHP PHP1102
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:PLO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= PSE:TEL Share Price ÷ Book Value per Share (both in PHP)

= 1102 ÷ 507.66

2.17x

* Primary Listing of PLDT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PLDT is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess PLDT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. PLDT has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PLO Future Performance

 How is PLDT expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PLDT expected to grow at an attractive rate?
  • PLDT's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • PLDT's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • PLDT's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PLO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PLO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -1.3%
DB:PLO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 4.2%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PLO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in PHP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PLO Future Estimates Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 187,143 74,389 22,932 10
2020-12-31 180,846 78,622 23,862 11
2019-12-31 172,644 62,109 24,406 11
2019-11-18
DB:PLO Past Financials Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income *
2019-09-30 167,312 76,189 18,584
2019-06-30 165,272 56,062 19,302
2019-03-31 165,678 61,277 18,665
2018-12-31 164,752 61,116 18,857
2018-09-30 162,736 71,381 7,703
2018-06-30 162,375 77,460 8,556
2018-03-31 161,245 57,299 15,261
2017-12-31 159,926 56,114 13,312
2017-09-30 158,942 43,054 25,961
2017-06-30 158,993 43,328 24,003
2017-03-31 161,671 46,327 18,681
2016-12-31 165,262 48,976 19,947

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PLDT's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • PLDT's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PLO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from PLDT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PLO Future Estimates Data
Date (Data in PHP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 108.28 133.50 79.70 9.00
2020-12-31 110.01 128.80 78.00 10.00
2019-12-31 109.79 122.20 84.30 10.00
2019-11-18
DB:PLO Past Financials Data
Date (Data in PHP Millions) EPS *
2019-09-30 86.01
2019-06-30 89.34
2019-03-31 86.39
2018-12-31 87.28
2018-09-30 35.65
2018-06-30 39.61
2018-03-31 70.63
2017-12-31 61.61
2017-09-30 120.16
2017-06-30 111.10
2017-03-31 86.46
2016-12-31 92.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PLDT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PLDT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PLDT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PLO Past Performance

  How has PLDT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PLDT's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PLDT's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • PLDT's 1-year earnings growth exceeds its 5-year average (141.3% vs -17.4%)
  • PLDT's earnings growth has exceeded the Europe Wireless Telecom industry average in the past year (141.3% vs 21%).
Earnings and Revenue History
PLDT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PLDT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PLO Past Revenue, Cash Flow and Net Income Data
Date (Data in PHP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 167,312.00 18,584.00 57,317.00
2019-06-30 165,272.00 19,302.00 56,111.00
2019-03-31 165,678.00 18,665.00 60,308.00
2018-12-31 164,752.00 18,857.00 62,297.00
2018-09-30 162,736.00 7,703.00 62,265.00
2018-06-30 162,375.00 8,556.00 58,962.00
2018-03-31 161,245.00 15,261.00 59,908.00
2017-12-31 159,926.00 13,312.00 59,684.00
2017-09-30 158,942.00 25,961.00 76,343.00
2017-06-30 158,993.00 24,003.00 70,681.00
2017-03-31 161,671.00 18,681.00 66,755.00
2016-12-31 165,262.00 19,947.00 60,517.00
2016-09-30 168,618.00 12,532.00 34,718.00
2016-06-30 171,196.00 15,739.00 33,674.00
2016-03-31 171,329.00 18,835.00 31,690.00
2015-12-31 171,103.00 22,006.00 57,284.00
2015-09-30 171,385.00 31,413.00 31,388.00
2015-06-30 170,565.00 32,738.00 31,001.00
2015-03-31 170,824.00 34,040.00 30,646.00
2014-12-31 170,835.00 34,032.00 30,518.00
2014-09-30 171,067.00 34,363.00 31,280.00
2014-06-30 170,791.00 35,468.00 30,893.00
2014-03-31 169,935.00 33,617.00 29,961.00
2013-12-31 168,211.00 33,291.00 29,393.00
2013-09-30 166,255.00 34,410.00 27,566.00
2013-06-30 164,798.00 34,359.00 27,338.00
2013-03-31 163,167.00 34,816.00 27,114.00
2012-12-31 163,033.00 35,553.00 26,710.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PLDT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PLDT used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • PLDT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PLDT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PLDT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PLO Health

 How is PLDT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PLDT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PLDT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PLDT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PLDT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PLDT Company Filings, last reported 1 month ago.

DB:PLO Past Debt and Equity Data
Date (Data in PHP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 122,201.00 178,421.00 37,470.00
2019-06-30 126,426.00 172,851.00 42,023.00
2019-03-31 121,544.00 173,994.00 54,173.00
2018-12-31 124,528.00 176,276.00 61,431.00
2018-09-30 121,639.00 179,223.00 58,654.00
2018-06-30 125,425.00 183,810.00 65,380.00
2018-03-31 121,290.00 172,239.00 49,197.00
2017-12-31 119,053.00 172,611.00 34,079.00
2017-09-30 126,757.00 174,882.00 34,393.00
2017-06-30 130,897.00 175,067.00 44,553.00
2017-03-31 118,216.00 175,147.00 40,405.00
2016-12-31 116,420.00 185,032.00 41,786.00
2016-09-30 112,712.00 161,304.00 28,337.00
2016-06-30 119,618.00 158,053.00 30,132.00
2016-03-31 113,506.00 161,616.00 48,550.00
2015-12-31 121,804.00 160,970.00 47,935.00
2015-09-30 118,607.00 151,184.00 35,065.00
2015-06-30 132,621.00 144,164.00 38,787.00
2015-03-31 126,707.00 135,586.00 47,184.00
2014-12-31 142,590.00 130,435.00 27,599.00
2014-09-30 130,682.00 132,965.00 24,705.00
2014-06-30 138,202.00 123,153.00 44,969.00
2014-03-31 128,394.00 123,439.00 61,465.00
2013-12-31 145,278.00 104,276.00 32,623.00
2013-09-30 147,521.00 109,650.00 30,465.00
2013-06-30 151,628.00 118,053.00 43,609.00
2013-03-31 138,265.00 111,951.00 40,722.00
2012-12-31 153,618.00 115,983.00 38,523.00
  • PLDT's level of debt (146%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (101.6% vs 146% today).
  • Debt is well covered by operating cash flow (42.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess PLDT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PLDT has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PLO Dividends

 What is PLDT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.53%
Current annual income from PLDT dividends. Estimated to be 6.13% next year.
If you bought €2,000 of PLDT shares you are expected to receive €131 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PLDT's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • PLDT's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PLO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PLO Future Dividends Estimate Data
Date (Data in PHP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 66.39 11.00
2020-12-31 67.70 13.00
2019-12-31 69.58 5.00
2019-11-18
DB:PLO Past Annualized Dividends Data
Date (Data in PHP) Dividend per share (annual) Avg. Yield (%)
2019-11-07 72.000 6.516
2019-08-08 72.000 6.367
2019-03-21 72.000 5.942
2018-08-09 64.000 5.102
2018-03-27 76.000 5.639
2017-08-10 76.000 4.794
2017-03-07 56.000 3.291
2016-08-02 106.000 6.904
2016-02-29 122.000 6.412
2015-08-04 152.000 6.907
2015-04-01 156.000 5.467
2015-03-03 156.000 5.327
2014-08-05 185.000 6.004
2014-03-04 179.000 6.235
2013-11-05 175.000 6.497
2013-08-07 175.000 5.995
2013-03-05 172.000 5.813
2012-11-06 168.000 6.243
2012-08-08 168.000 6.146
2012-03-06 174.000 6.732
2011-11-03 222.000 8.517
2011-08-02 222.000 9.705
2011-03-01 222.000 9.553
2010-08-03 219.000 8.839
2010-03-31 218.000 8.929
2010-03-02 218.000 8.456
2009-11-03 214.000 8.215
2009-08-04 214.000 8.595
2009-03-03 200.000 8.887

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of PLDT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess PLDT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PLDT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PLDT has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PLO Management

 What is the CEO of PLDT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Manny Pangilinan
AGE 73
TENURE AS CEO 3.8 years
CEO Bio

Mr. Manuel Velez Pangilinan, also known as Manny, founded First Pacific Company Limited in 1981 and has been its Managing Director and Chief Executive Officer since June 3, 2003. Mr. Pangilinan served as the Chief Executive Officer of PXP Energy Corporation (a/k/a, Philex Petroleum Corporation) since December 8, 2009. He has been Chief Executive Officer and President of Philippine Long Distance Telephone Company (PLDT) and Smart Communications, Inc. since January 1, 2016. He served as the Chief Executive Officer and President of Smart Communications, Inc. since December 31, 2015. He served as the Chief Executive Officer and President of Manila Electric Co. (a/k/a Meralco) of Metro Pacific Investments Corp. from July 1, 2010 to May 28, 2012. Mr. Pangilinan served as the Chief Executive Officer of Philex Mining Corp. from December 2009 to April 2013. He served as Managing Director at First Pacific Company Limited until 1999 and Executive Chairman from February 1999 to June 2003. Mr. Pangilinan served as the Chief Executive Officer and President at Philippine Long Distance Telephone Company from November 1998 to February 19, 2004. He served as the Chief Executive Officer and President of Metro Pacific Investments Corporation from December 2001 to May 2003. He served as the President of Fort Bonifacio Development Corporation. He also worked in the Philippines and Hong Kong for PHINMA Group, Bancom International Limited and American Express Bank. He served as a Governor of Philippine Stock Exchange. He has been the Chairman of Digital Telecommunications Phils Inc., since October 26, 2011; PXP Energy Corporation (a/k/a, Philex Petroleum Corporation) since December 8, 2009; Metro Pacific Resources Inc., since November 12, 2008; Philippine Long Distance Telephone Company since February 19, 2004; Metro Pacific Tollways Corp., since November 12, 2008 and Manila Electric Co. since May 29, 2012. He serves as the Chairman of Beacon Electric Assets Holdings Inc, Manila North Tollways Corporation, Colinas Verdes Corporation, SPi Global Holdings, Inc., and Metro Pacific Tollways Development Corporation. He has been the Chairman and Director of Metro Pacific Investments Corporation since March 2006. He has been the Chairman of Maynilad Water Services, Inc. since January 1, 2007. He serves as the Chairman of Mabuhay Satellite, Infocom and Landco Pacific Corporation. He serves as the Chairman of Medical Doctors Inc. He serves as the Chairman of The Board at Riverside Medical Center Inc and Davao Doctors Incorporated. He serves as the Chairman of IdeaSpace Foundation, Inc. He serves as the Chairman of Smart Communications, Inc. Mr. Pangilinan has been the President Commissioner of PT Indofood Sukses Makmur Tbk since 1999. He has been the Chairman of Philex Mining Corp. since June 2009. He served as the Chairman of the Board at ePLDT Inc., since February 19, 2004. He served as the Chairman of Fort Bonifacio Development Corporation and SPi CRM, Inc. He served as the Chairman and Director of PLDT Communications and Energy Ventures, Inc. since November 3, 2004 to June 28, 2011. In August 2016, the Samahang Basketbol ng Pilipinas (SBP) – the National Sport Association for basketball requested Mr. Pangilinan to be its Chairman Emeritus after serving as President since February 2007. Effective January 2009, he assumed the Chairman of the Amateur Boxing Association of the Philippines (ABAP), a governing body of amateur boxers in the country. In October 2009, Mr. Pangilinan serves as the Chairman of the Philippine Disaster Resiliency Foundation, Incorporated (PDRF), a nonprofit foundation established to formulate and implement a reconstruction strategy to rehabilitate areas devastated by floods and other calamities. In June 2012, he was appointed as Co-Chairman of the US-Philippines Business Society (USPS), a non-profit society which seeks to broaden the relationship between the United States and the Philippines in the areas of trade, investment, education, foreign and security policies and culture. He is the Chairman of the Board of Trustees of the San Beda College. He serves as a Director at Lady of Lourdes Hospital and Porrovia Corporation. He has been a Vice Chairman of Roxas Holdings, Inc. since December 11, 2013. He has been Non Executive Director of Philippine Long Distance Telephone Company since November 24, 1998, Manila Electric Co. since May 26, 2009. He serves as Director at Cardinal Santos Medical Center, Cardinal Medical Charities Foundation, Inc., Caritas Manila and Radio Veritas-Global Broadcasting Systems, Inc., Central Luzon Doctor’s Hospital, De Los Santos Medical Center, Digital Telecommunications Phils., Digitel Mobile Philippines, Inc., East Manila Hospital Managers Corporation, Ideaspace Foundation, Inc., Light Rail Manila Holdings, Inc., Light Rail Manila Corporation, Metro Pacific Light Rail Corporation, Metro Pacific Investments Foundation, Inc. He serves as a Director at Mediaquest, Inc., Associated Broadcasting, Corporation (TV5), Manila North Tollways Corporation, Makati Medical Center, Megaclinic, Inc., Meralco Powergen Corporation, Metro Pacific Hospital Holdings, Inc, Metro Pacific Zamboanga Hospital Corporation, MetroPac Movers, Inc., MetroPac Logistics Company Inc., MetroPac Water Investments Corporation. Colinas Verdes Hospital Managers Corporation, Davao Doctors Inc, Beacon Electric Asset Holdings, Inc., First Pacific Company Ltd., Asian Hospital, Inc., Philippine Telecommunications Investment Corporation, Maynilad Water Services Inc., Metro Asia Link Holdings, Inc., Enterprise Investments Holdings Inc. and several property development and management companies. He has been an Independent Director at Victorias Milling Company, Inc since February 3, 2015. He has been a Director of Metro Pacific Tollways Corp. since November 12, 2008. He has been a Non Executive Director of Roxas. Holdings Inc. since December 3, 2013. He serves as a Commissioner of PT Indofood Sukses Makmur Tbk. He has been a Non-Executive Director of Philex Mining Corp. since November 28, 2008. He served as a Director of Negros Navigation Co. Inc., and SPi CRM, Inc. since November 24, 1998. Mr. Pangilinan is the Chairman of Philippine Business for Social Progress and Ateneo de Manila University. He serves as the Chairman of the Hong Kong Bayanihan Foundation. He serves a Vice Chairman of the Foundation for Crime Prevention. He serves on the Board of Overseers of the Wharton School. He is widely recognized for his outstanding career that spans business, academe, charitable, non-government, arts and culture, sports and health organizations. Mr. Pangilinan received numerous prestigious awards including the Ten Outstanding Young Men of the Philippines (TOYM) Award for International Finance in 1983, the Presidential Pamana ng Pilipino Award by the Office of the President of the Philippines in 1996, Best Chief Executive Officer in the Philippines by Institutional Investor in 2004, Chief Executive Of

CEO Compensation
  • Insufficient data for Manny to compare compensation growth.
  • Insufficient data for Manny to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PLDT management team in years:

3.8
Average Tenure
62
Average Age
  • The tenure for the PLDT management team is about average.
Management Team

Manny Pangilinan

TITLE
Chairman
AGE
73
TENURE
3.8 yrs

Anabelle Chua

TITLE
Senior VP
AGE
58
TENURE
4.5 yrs

Melissa V. de Dios

TITLE
First VP & Head of Investor Relations
AGE
56
TENURE
8.5 yrs

Marilyn Victorio-Aquino

TITLE
Senior VP & Chief Legal Counsel
AGE
62
TENURE
0.9 yrs

Mary Nadal-Wei

TITLE
VP & Head of Strategic Partnerships and Corporate Development
TENURE
0.3 yrs

Gina Marina Ordoñez

TITLE
Senior VP & Chief People Officer
AGE
57
TENURE
0.7 yrs

Maria Lourdes Rausa-Chan

TITLE
Corporate Secretary
AGE
65
TENURE
20.8 yrs

Emiliano Tanchico

TITLE
First VP
AGE
63

Victorico P. Vargas

TITLE
Head of Business Transformation Office
AGE
67
TENURE
19.8 yrs

Al Panlilio

TITLE
Executive Vice President & Chief Revenue Officer
AGE
56
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the PLDT board of directors in years:

12.4
Average Tenure
69
Average Age
  • The average tenure for the PLDT board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Manny Pangilinan

TITLE
Chairman
AGE
73
TENURE
15.8 yrs

Maria Lourdes Rausa-Chan

TITLE
Corporate Secretary
AGE
65
TENURE
8.7 yrs

Ray Espinosa

TITLE
Senior Advisor to President & CEO and Director
AGE
63
TENURE
21 yrs

Pedro O. Roxas

TITLE
Independent Director
AGE
63
TENURE
18.7 yrs

Artemio Panganiban

TITLE
Lead Independent Director
AGE
83
TENURE
0.7 yrs

Helen Dee

TITLE
Non-Executive Director
AGE
75
TENURE
33.4 yrs

Albert Del Rosario

TITLE
Non-Executive Director
AGE
79
TENURE
3.3 yrs

Christopher Huxley Young

TITLE
Member of Advisory Committee
AGE
62
TENURE
12.4 yrs

Oscar Reyes

TITLE
Member of Advisory Committee
AGE
73

Benny Santoso

TITLE
Member of Advisory Committee
AGE
61
TENURE
12.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess PLDT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PLDT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PLO News

Simply Wall St News

PLO Company Info

Description

PLDT Inc. operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment. As of December 31, 2018, it served 60,499,017 wireless subscribers. The Fixed Line segment provides fixed line telecommunications services; business infrastructure and solutions; intelligent data processing and implementation, and data analytics insight generation services; and information and communications infrastructure for Internet-based services, e-commerce, customer relationship management, and information technology (IT) related services. It also offers managed IT outsourcing, Internet-based purchasing, IT consulting and professional, bills printing and other related value-added, and air transportation services, as well as distributes Filipino channels and content services. As of December 31, 2018, it had 2,710,972 fixed line subscribers. The Others segment develops and maintains IT-based solutions for communications and e-commerce platforms; develops mobile applications, digital platforms, and financial technology solutions; provides mobile payment, and solutions and systems integration services, as well as insurance products; markets, sells, and distributes payment solutions and other related services. PLDT Inc. also serves 2,025,563 broadband subscribers. The company has a strategic partnership with Rocket Internet SE to develop online and mobile payment solutions. The company was formerly known as Philippine Long Distance Telephone Company and changed its name to PLDT Inc. in July 2016. PLDT Inc. was founded in 1928 and is based in Makati City, the Philippines.

Details
Name: PLDT Inc.
PLO
Exchange: DB
Founded: 1928
PHP4,227,096,363
216,055,775
Website: http://www.pldt.com
Address: PLDT Inc.
Ramon Cojuangco Building,
Makati Avenue,
Makati City,
1200,
Philippines
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
PSE TEL Common Stock Philippines Stock Exchange PH PHP 02. Jan 1968
OTCPK PHTC.F Common Stock Pink Sheets LLC US USD 02. Jan 1968
NYSE PHI ADR EACH REP 1 ORD SHS New York Stock Exchange US USD 02. Jan 1968
DB PLO ADR EACH REP 1 ORD SHS Deutsche Boerse AG DE EUR 02. Jan 1968
PSE TLJJ 10% PRF CONV JJ Philippines Stock Exchange PH PHP 18. Apr 2017
PSE TEL PHP5 Philippines Stock Exchange PH PHP 18. Nov 2019
Number of employees
Current staff
Staff numbers
19,224
PLDT employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:33
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.