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Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and coal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.
1903
18.9K+
LTM Revenue $8.4B
LTM EBITDA $1.2B
$10.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Manila Electric has a last 12-month revenue of $8.4B and a last 12-month EBITDA of $1.2B.
In the most recent fiscal year, Manila Electric achieved revenue of $8.1B and an EBITDA of $1.4B.
Manila Electric expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Manila Electric valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $7.7B | $8.1B | XXX | XXX | XXX |
| Gross Profit | $1.2B | $1.5B | XXX | XXX | XXX |
| Gross Margin | 16% | 18% | XXX | XXX | XXX |
| EBITDA | $1.2B | $1.4B | XXX | XXX | XXX |
| EBITDA Margin | 15% | 17% | XXX | XXX | XXX |
| Net Profit | $492M | $659M | XXX | XXX | XXX |
| Net Margin | 6% | 8% | XXX | XXX | XXX |
| Net Debt | $806M | $263M | XXX | XXX | XXX |
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As of April 15, 2025, Manila Electric's stock price is PHP 560 (or $10).
Manila Electric has current market cap of PHP 631B (or $10.9B), and EV of PHP 631B (or $10.9B).
See Manila Electric trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10.9B | $10.9B | XXX | XXX | XXX | XXX | $0.71 |
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Sign UpAs of April 15, 2025, Manila Electric has market cap of $10.9B and EV of $10.9B.
Manila Electric's trades at 1.3x LTM EV/Revenue multiple, and 9.4x LTM EBITDA.
Analysts estimate Manila Electric's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Manila Electric and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $10.9B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 7.9x | XXX | XXX | XXX |
| P/E | 13.8x | XXX | XXX | XXX |
| P/E/Growth | 2.2x | XXX | XXX | XXX |
| EV/FCF | -252.4x | XXX | XXX | XXX |
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Sign UpManila Electric's NTM/LTM revenue growth is 8%
Manila Electric's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $50K for the same period.
Over next 12 months, Manila Electric's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Manila Electric's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Manila Electric and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 25% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $50K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 11% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Manila Electric acquired XXX companies to date.
Last acquisition by Manila Electric was XXXXXXXX, XXXXX XXXXX XXXXXX . Manila Electric acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Manila Electric founded? | Manila Electric was founded in 1903. |
| Where is Manila Electric headquartered? | Manila Electric is headquartered in Philippines. |
| How many employees does Manila Electric have? | As of today, Manila Electric has 18.9K+ employees. |
| Who is the CEO of Manila Electric? | Manila Electric's CEO is Mr. Ray C. Espinosa. |
| Is Manila Electric publicy listed? | Yes, Manila Electric is a public company listed on PHS. |
| What is the stock symbol of Manila Electric? | Manila Electric trades under MER ticker. |
| When did Manila Electric go public? | Manila Electric went public in 1992. |
| Who are competitors of Manila Electric? | Similar companies to Manila Electric include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of Manila Electric? | Manila Electric's current market cap is $10.9B |
| What is the current revenue of Manila Electric? | Manila Electric's last 12-month revenue is $8.4B. |
| What is the current EBITDA of Manila Electric? | Manila Electric's last 12-month EBITDA is $1.2B. |
| What is the current EV/Revenue multiple of Manila Electric? | Current revenue multiple of Manila Electric is 1.3x. |
| What is the current EV/EBITDA multiple of Manila Electric? | Current EBITDA multiple of Manila Electric is 9.4x. |
| What is the current revenue growth of Manila Electric? | Manila Electric revenue growth between 2023 and 2024 was 6%. |
| Is Manila Electric profitable? | Yes, Manila Electric is EBITDA-positive (as of the last 12 months). |
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