- Manila Electric reported a net income of 9.60 billion pesos in the first quarter, marking a 19% year-on-year increase.
- Revenue was down by 1% from the previous year, amounting to 104.55 billion pesos.
- The core net income amounted to 10.08 billion pesos, representing an 11% increase year-on-year.
- Basic earnings per share (EPS) stood at 8.514 centavos, up from 7.161 centavos the previous year.
- The company’s capital expenditure was 9.4 billion pesos.
- Manila Electric announced plans to pursue a study on the adoption of nuclear energy.
- The company is hopeful of achieving a consolidated core income of over 40B PHP in 2024.
- The rise in core net income was attributed to higher sales volumes of their distribution business, and contributions from power generation, retail electricity supply, and non-power-related businesses.
- Chairman and CEO Manuel Pangilinan noted strong business performance in the first quarter of the year and the intent to sustain this throughout the year.
- In an effort to boost generation capacity, the company plans to continue the full feasibility study regarding the potential adoption of nuclear energy.
- The company was given 12 buys and 5 holds ratings, with 0 sells.
- All comparisons to past results are based on values reported by the company’s original disclosures.
A look at Manila Electric Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Manila Electric Company‘s overall outlook, as per the Smartkarma Smart Scores, appears positive for long-term investors. With a strong score of 5 for dividends, investors can expect steady and reliable dividend payouts from the company. Additionally, scoring a 4 in growth and resilience, Manila Electric Company shows promising signs of potential growth and the ability to withstand market challenges.
While the value score stands at 2, indicating potential undervaluation, the momentum score of 3 suggests a moderate market momentum for the company. Overall, Manila Electric Company, an engineering and consulting firm specializing in power generation and telecommunications, presents an appealing long-term investment opportunity based on its favorable Smart Scores across various fundamental factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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