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Metro Pacific Investments

PSE:MPI
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPI
PSE
PHP78B
Market Cap
  1. Home
  2. PH
  3. Diversified Financials
Company description

Metro Pacific Investments Corporation, an investment holding company, develops infrastructure assets through its investments in water, toll roads, power generation and distribution, healthcare services, and light rail and logistics in the Philippines. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Metro Pacific Investments has significant price volatility in the past 3 months.
MPI Share Price and Events
7 Day Returns
0.8%
PSE:MPI
-2.3%
PH Diversified Financial
2%
PH Market
1 Year Returns
-46.9%
PSE:MPI
-44.8%
PH Diversified Financial
-31.7%
PH Market
MPI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Metro Pacific Investments (MPI) 0.8% -28.9% -33.4% -46.9% -61.6% -49.5%
PH Diversified Financial -2.3% -26.8% -32.6% -44.8% -59.5% -46.7%
PH Market 2% -12.5% -27.6% -31.7% -25.7% -26.3%
1 Year Return vs Industry and Market
  • MPI underperformed the Diversified Financial industry which returned -44.8% over the past year.
  • MPI underperformed the Market in Philippines which returned -31.7% over the past year.
Price Volatility
MPI
Industry
5yr Volatility vs Market

Value

 Is Metro Pacific Investments 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 Metro Pacific Investments 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 Metro Pacific Investments.

PSE:MPI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= PHP6.66 * 8%
PHP0.53
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. PHP6.66
Discount Rate (Cost of Equity) See below 19.8%
Perpetual Growth Rate 10-Year PH Government Bond Rate 4.7%

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 PSE:MPI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PH Govt Bond Rate 4.7%
Equity Risk Premium S&P Global 7.9%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 30%) (320.08%))
1.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.71% + (1.917 * 7.85%)
19.76%

Discounted Cash Flow Calculation for PSE:MPI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Metro Pacific Investments is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

PSE:MPI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8% – 19.76%) * PHP6.66)
PHP-0.79
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PHP-0.79 / (19.76% - 4.71%)
PHP-5.22
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PHP6.66 + PHP-5.22
PHP1.44
PSE:MPI Discount to Share Price
Calculation Result
Value per share (PHP) From above. PHP1.44
Current discount Discount to share price of PHP2.49
= -1 x (PHP2.49 - PHP1.44) / PHP1.44
-73.1%

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

  • The current share price of Metro Pacific Investments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Metro Pacific Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Metro Pacific Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
PSE:MPI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in PHP PHP0.76
PSE:MPI Share Price ** PSE (2020-04-08) in PHP PHP2.49
Asia Diversified Financial Industry PE Ratio Median Figure of 209 Publicly-Listed Diversified Financial Companies 10.32x
Philippines Market PE Ratio Median Figure of 173 Publicly-Listed Companies 9.87x

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

** Primary Listing of Metro Pacific Investments.

PSE:MPI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.49 ÷ 0.76

3.29x

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

  • Metro Pacific Investments is good value based on earnings compared to the Asia Diversified Financial industry average.
  • Metro Pacific Investments is good value based on earnings compared to the Philippines market.
Price based on expected Growth
Does Metro Pacific Investments's expected growth come at a high price?
Raw Data
PSE:MPI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-20.6%per year
Asia Diversified Financial Industry PEG Ratio Median Figure of 18 Publicly-Listed Diversified Financial Companies 0.65x
Philippines Market PEG Ratio Median Figure of 63 Publicly-Listed Companies 0.7x

*Line of best fit is calculated by linear regression .

PSE:MPI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.29x ÷ -20.6%

-0.16x

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

  • Metro Pacific Investments 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 Metro Pacific Investments's assets?
Raw Data
PSE:MPI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in PHP PHP6.05
PSE:MPI Share Price * PSE (2020-04-08) in PHP PHP2.49
Philippines Diversified Financial Industry PB Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 0.57x
Philippines Market PB Ratio Median Figure of 241 Publicly-Listed Companies 0.95x
PSE:MPI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.49 ÷ 6.05

0.41x

* Primary Listing of Metro Pacific Investments.

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

  • Metro Pacific Investments is good value based on assets compared to the PH Diversified Financial industry average.
X
Value checks
We assess Metro Pacific Investments'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Metro Pacific Investments has a total score of 3/6, 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.

Future Performance

 How is Metro Pacific Investments expected to perform in the next 1 to 3 years based on estimates from 9 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
-20.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Metro Pacific Investments expected to grow at an attractive rate?
  • Metro Pacific Investments's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 4.7%.
Growth vs Market Checks
  • Metro Pacific Investments's earnings are expected to decrease over the next 1-3 years, this is below the Philippines market average.
  • Metro Pacific Investments's revenue growth is positive but not above the Philippines market average.
Annual Growth Rates Comparison
Raw Data
PSE:MPI Future Growth Rates Data Sources
Data Point Source Value (per year)
PSE:MPI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -20.6%
PSE:MPI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3%
Asia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Asia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Philippines Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Philippines Market Revenue Growth Rate Market Cap Weighted Average 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
PSE:MPI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in PHP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
PSE:MPI Future Estimates Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 93,684 40,745 16,418 9
2020-12-31 86,338 39,860 15,235 7
2020-04-09
PSE:MPI Past Financials Data
Date (Data in PHP Millions) Revenue Cash Flow Net Income *
2019-12-31 88,157 23,856
2019-09-30 88,278 37,005 13,437
2019-06-30 87,581 36,273 13,288
2019-03-31 85,014 34,214 13,845
2018-12-31 83,029 31,996 14,121
2018-09-30 80,767 34,115 14,502
2018-06-30 78,484 32,973 14,262
2018-03-31 70,405 29,773 13,953
2017-12-31 62,512 26,508 13,142
2017-09-30 54,774 22,855 13,095
2017-06-30 47,175 19,644 12,288
2017-03-31 45,719 20,740 11,827

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Metro Pacific Investments's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Metro Pacific Investments's revenue is expected to grow by 3% 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
PSE:MPI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Metro Pacific Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:MPI Future Estimates Data
Date (Data in PHP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.52 0.64 0.48 7.00
2020-12-31 0.48 0.51 0.44 5.00
2020-04-09
PSE:MPI Past Financials Data
Date (Data in PHP Millions) EPS *
2019-12-31 0.76
2019-09-30 0.43
2019-06-30 0.42
2019-03-31 0.44
2018-12-31 0.45
2018-09-30 0.46
2018-06-30 0.45
2018-03-31 0.44
2017-12-31 0.42
2017-09-30 0.42
2017-06-30 0.39
2017-03-31 0.38

*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.
  • Metro Pacific Investments is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Metro Pacific Investments'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Metro Pacific Investments 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.

Past Performance

  How has Metro Pacific Investments 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 Metro Pacific Investments's growth in the last year to its industry (Diversified Financial).
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.
  • Metro Pacific Investments's year on year earnings growth rate has been positive over the past 5 years.
  • Metro Pacific Investments's 1-year earnings growth exceeds its 5-year average (68.9% vs 14.6%)
  • Metro Pacific Investments's earnings growth has exceeded the Asia Diversified Financial industry average in the past year (68.9% vs 7%).
Earnings and Revenue History
Metro Pacific Investments'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 Metro Pacific Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

PSE:MPI Past Revenue, Cash Flow and Net Income Data
Date (Data in PHP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 88,157.00 23,856.00 16,272.00
2019-09-30 88,278.00 13,437.00 15,538.00
2019-06-30 87,581.00 13,288.00 15,985.00
2019-03-31 85,014.00 13,845.00 14,796.00
2018-12-31 83,029.00 14,121.00 13,907.00
2018-09-30 80,767.00 14,502.00 12,725.00
2018-06-30 78,484.00 14,262.00 12,120.00
2018-03-31 70,405.00 13,953.00 11,612.00
2017-12-31 62,512.00 13,142.00 11,038.00
2017-09-30 54,774.00 13,095.00 10,127.60
2017-06-30 47,175.00 12,288.00 9,019.00
2017-03-31 45,719.00 11,827.00 8,791.60
2016-12-31 44,820.00 11,449.00 8,280.00
2016-09-30 43,419.00 11,225.00 7,900.40
2016-06-30 41,382.00 10,958.00 7,538.00
2016-03-31 39,297.00 9,725.00 7,385.40
2015-12-31 37,239.00 9,541.00 7,059.00
2015-09-30 35,789.00 9,742.00 6,069.00
2015-06-30 34,792.00 9,251.00 6,090.00
2015-03-31 34,192.00 8,035.00 6,008.00
2014-12-31 33,832.00 7,935.00 5,845.00
2014-09-30 33,000.00 7,954.00 6,652.90
2014-06-30 32,229.00 7,761.00 6,124.90
2014-03-31 31,683.00 7,775.00 5,950.90
2013-12-31 30,877.00 7,204.00 5,707.00
2013-09-30 30,149.00 6,151.00 5,272.70
2013-06-30 29,476.00 6,148.00 5,525.70

*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.
  • Metro Pacific Investments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Metro Pacific Investments used its assets more efficiently than the PH Diversified Financial industry average last year based on Return on Assets.
  • Metro Pacific Investments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Metro Pacific Investments'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 Diversified Financial 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.
Metro Pacific Investments has a total score of 4/6, 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.

Health

 How is Metro Pacific Investments'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 Metro Pacific Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Metro Pacific Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Metro Pacific Investments's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Metro Pacific Investments'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.
  • Low level of unsold assets.
  • 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 Metro Pacific Investments Company Filings, last reported 3 months ago.

PSE:MPI Past Debt and Equity Data
Date (Data in PHP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 246,045.00 249,909.00 74,697.00
2019-09-30 250,676.00 243,978.00 55,429.00
2019-06-30 249,142.00 226,832.00 43,972.00
2019-03-31 241,980.00 215,745.00 45,645.00
2018-12-31 239,003.00 215,093.00 47,521.00
2018-09-30 235,125.00 207,876.00 45,509.00
2018-06-30 225,881.00 192,123.00 39,350.00
2018-03-31 216,894.00 182,495.00 40,400.00
2017-12-31 215,679.00 189,083.00 49,317.00
2017-09-30 218,876.00 173,855.00 49,469.00
2017-06-30 215,446.00 166,264.00 40,074.00
2017-03-31 188,801.00 98,058.00 19,177.00
2016-12-31 188,081.00 97,016.00 19,469.00
2016-09-30 184,628.00 94,168.00 21,847.00
2016-06-30 160,148.00 88,220.00 20,564.00
2016-03-31 151,892.00 89,055.00 24,203.00
2015-12-31 150,777.00 87,582.00 24,171.00
2015-09-30 147,942.00 84,439.00 22,351.00
2015-06-30 144,940.00 83,057.00 27,183.00
2015-03-31 140,064.00 63,064.00 23,779.00
2014-12-31 129,572.00 61,067.00 26,060.00
2014-09-30 127,440.00 61,696.00 28,661.00
2014-06-30 117,299.00 58,091.00 20,987.00
2014-03-31 114,702.00 58,718.00 23,341.00
2013-12-31 113,280.00 51,048.00 17,305.00
2013-09-30 110,206.00 46,607.00 14,110.00
2013-06-30 108,468.00 53,298.00 12,107.00
  • Metro Pacific Investments's level of debt (100.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (47.1% vs 100.6% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Metro Pacific Investments'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. Metro Pacific Investments has a total score of 1/6, 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.

Dividends

 What is Metro Pacific Investments'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
4.44%
Current annual income from Metro Pacific Investments dividends. Estimated to be 4.4% next year.
If you bought PHP2,000 of Metro Pacific Investments shares you are expected to receive PHP89 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?
  • Metro Pacific Investments's pays a higher dividend yield than the bottom 25% of dividend payers in Philippines (1.69%).
  • Metro Pacific Investments's dividend is below the markets top 25% of dividend payers in Philippines (5.2%).
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
PSE:MPI 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 9 Analyst Estimates (S&P Global) See Below
Asia Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5%
Philippines Market Average Dividend Yield Market Cap Weighted Average of 123 Stocks 2.7%
Philippines Minimum Threshold Dividend Yield 10th Percentile 1.2%
Philippines Bottom 25% Dividend Yield 25th Percentile 1.7%
Philippines Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

PSE:MPI Future Dividends Estimate Data
Date (Data in PHP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.11 7.00
2020-12-31 0.11 8.00
2020-04-09
PSE:MPI Past Annualized Dividends Data
Date (Data in PHP) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.111 3.926
2019-08-01 0.111 2.699
2019-03-05 0.111 2.387
2018-03-20 0.111 2.278
2017-04-12 0.100 1.539
2017-03-01 0.100 1.560
2016-08-03 0.093 1.354
2016-03-01 0.094 1.500
2015-08-03 0.069 1.324
2015-05-06 0.074 1.594
2015-04-14 0.074 1.579
2015-02-26 0.074 1.510
2014-08-12 0.048 0.960
2014-03-19 0.037 0.736
2013-08-08 0.035 0.761
2013-02-28 0.032 0.577
2012-03-01 0.025 0.580
2011-08-04 0.025 0.749
2011-04-08 0.030 0.840
2011-03-03 0.030 0.888
2010-11-15 0.020 0.544
2010-11-10 0.020 0.516
2010-08-13 0.020 0.535
2010-08-04 0.020 0.683

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Metro Pacific Investments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess Metro Pacific Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Metro Pacific Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Metro Pacific Investments 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.

Management

 What is the CEO of Metro Pacific Investments'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
Jose Lim
AGE 67
TENURE AS CEO 16.8 years
CEO Bio

Mr. Jose Maria Kamantigue Lim serves as President Commissioner at PT Nusantara Infrastructure Tbk since 2018. Mr. Lim has been a Director at Maynilad Water Services Inc. since January 2007. He serves as Director in the following MPIC subsidiary and/or affiliate companies: Beacon Electric Asset Holdings Inc., Manila Electric Company since May 29,2012, Tollways Management Corp., Light Rail Manila Corp., AF Payments Inc., MetroPac Water Investments Corp. Indra Philippines, Global Business Power Corp., Colinas Verdes Hospital Managers Corp., Asian Hospital Inc., East Manila Hospital Managers Corp., and Manila Medical Services Inc. (owner and operator of Manila Doctors Hospital). He is also a Director of the Ateneo Graduate School of Business and a Trustee of the Asian Institue of Management. Mr. Lim has been a Director at NLEX Corp. since 2008. He is a founding member of the Shareholders Association of the Philippines and an active member in various business organizations. Mr. Lim worked as a senior officer for various local and foreign banking institutions from 1988 to 1995. He was Director for Investment Banking of the First National Bank of Boston from 1994 to 1995, and prior to that, Vice President of Equitable Banking Corporation. In 2001, Mr. Lim assumed the position of Group Vice President and Chief Finance Officer of FBDC’s parent company, Metro Pacific Corporation (MPC) on a concurrent basis. He is a founding member of the Shareholders Association of the Philippines and an active member in various business organizations Mr. Jose Maria K. Lim has been the President and Chief Executive Officer of Metro Pacific Investments Corporation (formerly, Metro Pacific Corp.) since June 2003. He serves as the President of the Metro Strategic Infrastructure Holdings, Inc. Mr. Lim serves as the Chief Executive Officer and President of Philippine Long Distance Telephone Co., and Metro Manila Tollways Corporation. He serves as the Managing Director of First Pacific Co., Ltd. He served as the Chief Financial officer of Metro Pacific Investments Corporation from 2001 to 2003. He served as a Vice President of Treasury of Fort Bonifacio Development Corporation (FBDC) from 1995 to 2000. He has been a Director of First Philippine Infrastructure Inc., since November 2008. He has been Non Executive Director of Metro Pacific Tollways Corp. since November 2008 and Manila Electric Co. since May 29, 2012. He has been a Director at Maynilad Water Services Inc. since January 2007. Mr. Lim serves as a Director of Asian Hospital and Medical Center. Mr. Lim served as the Chairman of Asian Hospital and Medical Center/Asian Hospital, Inc. Mr. Lim serves as a Director of Riverside Medical Center Inc., Landco Inc., Medical Doctors Inc. (Makati Medical Center), Costa De Madera, Landco Pacific Corporation, FP Bancshares, Philippine International Paper Inc. and Metro Pacific Management Services Inc. He serves as Director at MetroPac Cagayan de Oro, Inc., Metro Pacific Light Rail Corporation, Riverside Medical Center, Inc., Riverside College Inc., Metro Pacific Investments Foundation Inc., Metro Strategic Infrastructure Holdings, Meralco PowerGen Corporation, Porrovia Corporation, DMCI-MPIC Water Company, Inc., Cardinal Santos Medical Center, Pacific Global Aviation Inc., Light Rail Manila Corporation, AIF Tollroads Holdings, AHI Hospital Holdings Corporation, Ateneo Graduate School of Business, Manila Medical Services, Inc., Global Business Power Corporation, Eco-System Technologies International, Inc. EasyTrip Services Corporation, Collared Wren Holdings, Inc. MPCALA Holdings, Inc., Metro Pacific Tollways Development Corporation, Larkwing Holdings, Inc., CAVITEX Infrastructure Corporation, Neo Oracle Holdings Inc., Pacific Global One Aviation Company Inc., Philippine Disaster Risk Foundation, Inc and Philippine Telecommunications Investment Corp. He has been an Executive Director of Metro Pacific Investments Corporation since March 2006. He served as a Director of Lepanto Consolidated Mining Co. until October 2012. He served as a Director of Negros Navigation Co. Inc., since March 29, 2004. He served as a Non-Voting Director at Metro Pacific Investments Corporation until October 26, 2017. He is active in the Management Association of the Philippines and has served as Vice-Chair of the Good Governance Committee since 2007. He serves as a Director at Beacon Powergen Holdings, Inc., Davao Doctors Hospital (Clinica Hilario), Inc., Maynilad Water Holding Company, Inc., MetroPac Movers, Inc., MetroPac Iloilo Holdings Corporation, MetroPac Logistics Company, Inc., MetroPac Water Investments Corporation and MetroPac Iloilo Bulk Water Supply Corporation. He served as a Director of Prime Media Holdings Inc. Mr. Lim holds a Bachelor of Arts in Philosophy from the Ateneo de Manila University in 1973. He holds a Master of Business Management from the Asian Institute of Management in 1978.

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

Average tenure and age of the Metro Pacific Investments management team in years:

7.2
Average Tenure
51.5
Average Age
  • The average tenure for the Metro Pacific Investments management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jose Lim

TITLE
President
AGE
67
TENURE
16.8 yrs

David Nicol

TITLE
Executive VP
AGE
59
TENURE
10 yrs

Joseph Lacson

TITLE
Chief Investment Officer
AGE
48
TENURE
3.3 yrs

Maricris Aldover-Ysmael

TITLE
Vice President of Investor Relations
AGE
39
TENURE
4.2 yrs

Ricardo Pilares

TITLE
VP of Legal & Compliance officer
AGE
37
TENURE
5.2 yrs

Melody del Rosario

TITLE
Vice President of Public Relations & Corporate Communications
AGE
55
TENURE
14.1 yrs

Loudette Maliksi-Zoilo

TITLE
Vice President of Human Resources
AGE
42
TENURE
8.2 yrs

Ed Tortorici

TITLE
Executive Advisor
AGE
80
TENURE
14.1 yrs

Jose Jesus Laurel

TITLE
Corporate Governance Officer & Regular Director
AGE
64
TENURE
3.9 yrs

Santhea delos Santos

TITLE
Assistant VP & Chief Risk Officer
AGE
41
TENURE
6.2 yrs
Board of Directors Tenure

Average tenure and age of the Metro Pacific Investments board of directors in years:

10
Average Tenure
69
Average Age
  • The average tenure for the Metro Pacific Investments 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
14.1 yrs

Jose Lim

TITLE
President
AGE
67
TENURE
14.1 yrs

Alfred Ty

TITLE
Vice-Chairman of the Board
AGE
52
TENURE
2.1 yrs

David Nicol

TITLE
Executive VP
AGE
59
TENURE
10 yrs

Jose Jesus Laurel

TITLE
Corporate Governance Officer & Regular Director
AGE
64
TENURE
1.8 yrs

Chris Young

TITLE
Non-Executive Director
AGE
62
TENURE
1.1 yrs

Edward Go

TITLE
Independent Director
AGE
80
TENURE
13.8 yrs

Albert Del Rosario

TITLE
Regular Director
AGE
79
TENURE
3.9 yrs

Artemio Panganiban

TITLE
Lead Independent Director
AGE
83

Lydia R. Balatbat-Echauz

TITLE
Independent Director
AGE
71
TENURE
10.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Metro Pacific Investments individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PHP) Value (PHP)
03. Mar 20 Buy Jose Maria Lim Individual 02. Mar 20 02. Mar 20 568,000 PHP3.25 PHP1,788,355
10. Jan 20 Buy David Nicol Individual 06. Dec 19 06. Dec 19 900,000 PHP3.87 PHP3,403,815
26. Dec 19 Buy Ramoncito Fernandez Individual 23. Dec 19 23. Dec 19 70,000 PHP3.37 PHP235,899
20. Dec 19 Buy David Nicol Individual 19. Dec 19 19. Dec 19 1,000,000 PHP3.41 PHP3,408,492
19. Dec 19 Buy Manuel Pangilinan Individual 18. Dec 19 18. Dec 19 500,000 PHP3.49 PHP1,681,135
17. Dec 19 Buy Jose Maria Lim Individual 16. Dec 19 16. Dec 19 2,000,000 PHP3.05 PHP6,100,952
13. Dec 19 Buy Ray Espinosa Individual 13. Dec 19 13. Dec 19 1,000,000 PHP3.04 PHP3,044,882
09. Dec 19 Buy David Nicol Individual 06. Dec 19 06. Dec 19 1,000,000 PHP3.79 PHP3,793,779
18. Oct 19 Buy David Nicol Individual 14. Oct 19 14. Oct 19 6,250,001 PHP4.60 PHP28,750,144
15. Oct 19 Buy Ray Espinosa Individual 14. Oct 19 14. Oct 19 2,000,000 PHP4.60 PHP9,200,045
07. Oct 19 Sell Ramoncito Fernandez Individual 06. Sep 19 06. Sep 19 -2,600,000 PHP5.20 PHP-13,528,049
09. Sep 19 Sell Artemio Panganiban Individual 06. Sep 19 06. Sep 19 -200,000 PHP5.19 PHP-1,037,996
23. Aug 19 Sell Artemio Panganiban Individual 22. Aug 19 22. Aug 19 -300,000 PHP5.06 PHP-1,518,004
28. Jun 19 Sell Artemio Panganiban Individual 27. Jun 19 27. Jun 19 -50,000 PHP4.80 PHP-239,999
27. Jun 19 Sell Artemio Panganiban Individual 26. Jun 19 26. Jun 19 -400,000 PHP4.81 PHP-1,921,000
24. Jun 19 Sell Artemio Panganiban Individual 21. Jun 19 21. Jun 19 -50,000 PHP4.80 PHP-240,000
07. Jun 19 Buy Francisco Sebastian Individual 03. Jun 19 03. Jun 19 600,000 PHP4.50 PHP2,699,989
07. Jun 19 Buy Artemio Panganiban Individual 06. Jun 19 06. Jun 19 600,000 PHP4.43 PHP2,658,011
07. Jun 19 Buy Albert Del Rosario Individual 06. Jun 19 06. Jun 19 600,000 PHP4.43 PHP2,658,011
07. Jun 19 Buy Alfred Ty Individual 03. Jun 19 03. Jun 19 600,000 PHP4.50 PHP2,699,989
07. Jun 19 Buy Lydia R. Balatbat-Echauz Individual 06. Jun 19 06. Jun 19 600,000 PHP4.43 PHP2,658,011
06. Jun 19 Buy Edward Go Individual 03. Jun 19 03. Jun 19 600,000 PHP4.50 PHP2,699,989
06. Jun 19 Buy Albert Del Rosario Individual 03. Jun 19 03. Jun 19 600,000 PHP4.50 PHP2,699,989
X
Management checks
We assess Metro Pacific Investments'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. Metro Pacific Investments 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.

News

Simply Wall St News

Company Info

Description

Metro Pacific Investments Corporation, an investment holding company, develops infrastructure assets through its investments in water, toll roads, power generation and distribution, healthcare services, and light rail and logistics in the Philippines. It operates through Power, Toll Operations, Water, Healthcare, Rail, Logistics, and Others segments. The company provides water and sewerage services through a network of pipelines, pumping stations, and mini-boosters in the West Service Area of Metro Manila; and operates a network of approximately 7,691 kilometers of total pipelines. It constructs, operates, and maintains the North Luzon Expressway (NLEX) that covers approximately 89 kilometers and services an average of 250,000 vehicles per day; manages, operates, and maintains the Subic-Clark-Tarlac Expressway; constructs, operates, and maintains the NLEX-SLEX connector road; operates and maintains the Manila-Cavite Toll Expressway; designs, finances, constructs, operates, and maintains the 47-km Cavite Laguna Expressway; and constructs, operates, and maintains the Cebu-Cordova Link Expressway. The company also constructs, operates, and maintains electric distribution systems in 36 cities and 75 municipalities serving 6 million customers; owns and operates power plants; and operates and manages 14 hospitals with 3,000 beds, as well as nursing colleges and other related enterprises. Further, the company operates and maintains the light rail transit line and real estate properties; and provides construction, electromechanical engineering, electronic toll collection, facilities management, waste management, clinic management, telecoms, insurance and re-insurance, e-business development, laundry, e-transaction and bill collection, and consulting and related manpower services. Additionally, it is involved in the property development, trading, port management, and school operations. The company was founded in 1986 and is headquartered in Makati City, the Philippines.

Details
Name: Metro Pacific Investments Corporation
MPI
Exchange: PSE
Founded: 1986
PHP78,076,080,822
31,355,855,752
Website: http://www.mpic.com.ph
Address: Metro Pacific Investments Corporation
MGO Building,
10th Floor,
Makati City,
0721,
Philippines
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
PSE MPI Common Shares Philippines Stock Exchange PH PHP 18. Dec 2006
OTCPK MPCF.F Common Shares Pink Sheets LLC US USD 18. Dec 2006
OTCPK MPCI.Y SPON ADR LEV 1 Pink Sheets LLC US USD 02. Aug 2012
Number of employees
Current staff
Staff numbers
0
Metro Pacific Investments employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 17:30
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.