Manila Electric Company (PSE:MER)

Manila Electric Company Ratios and Metrics

Market cap in millions PHP. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	719,085	646,951	550,021	449,712	336,777	332,720
Market Cap Growth	41.78%	17.62%	22.30%	33.53%	1.22%	1.10%
Enterprise Value	899,644	827,510	606,492	487,738	375,696	370,484
PE Ratio	14.06	12.65	11.99	11.83	11.85	14.16
PS Ratio	1.45	1.30	1.17	1.01	0.79	1.04
PB Ratio	3.23	2.91	2.96	2.68	2.71	3.16
P/FCF Ratio	-	-	192.32	13.56	-	19.66
P/OCF Ratio	-	-	13.09	7.76	13.37	7.71
EV/Sales Ratio	1.81	1.66	1.29	1.10	0.88	1.16
EV/EBITDA Ratio	11.01	12.74	8.86	8.21	9.03	7.12
EV/EBIT Ratio	13.80	17.07	11.79	11.30	14.44	9.38
EV/FCF Ratio	-	-	212.06	14.70	-	21.90
Debt / Equity Ratio	0.96	0.96	0.51	0.61	0.84	0.86
Debt / EBITDA Ratio	3.29	3.29	1.39	1.72	2.51	1.74
Debt / FCF Ratio	-	-	33.17	3.08	-	5.36
Net Debt / Equity Ratio	0.56	0.56	0.01	0.07	0.25	0.17
Net Debt / EBITDA Ratio	1.91	1.91	0.02	0.20	0.73	0.35
Net Debt / FCF Ratio	-	-	0.55	0.36	-3.59	1.07
Quick Ratio	-	-	0.67	0.59	0.63	0.73
Current Ratio	-	-	0.76	0.70	0.75	0.86
Asset Turnover	-	-	0.78	0.80	0.85	0.73
Return on Equity (ROE)	24.91%	24.91%	26.25%	26.47%	24.92%	25.89%
Return on Assets (ROA)	-	-	5.33%	4.87%	3.24%	5.65%
Return on Capital Employed (ROCE)	-	-	13.50%	12.20%	8.30%	12.30%
Earnings Yield	7.11%	7.90%	8.34%	8.46%	8.44%	7.06%
FCF Yield	-	-	0.52%	7.38%	-2.52%	5.09%
Dividend Yield	4.39%	4.88%	5.17%	5.50%	6.66%	6.40%
Payout Ratio	-	-	51.95%	57.05%	59.41%	58.51%
Buyback Yield / Dilution	-0.01%	-0.01%	-	-	-	-
Total Shareholder Return	4.47%	4.87%	5.17%	5.50%	6.66%	6.40%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.