Frontierby eninvs

Language: EN / RU

← Region

PLDT (TEL) PHP

PLDT is a telecommunications and digital services provider in the Philippines, offering fixed-line, wireless, and broadband internet services to residential and business customers.

Sector: Telecommunications

PH_TEL

Price chart

1 059 PHPDay -2.31%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
1 059 PHP · -2.31%
Market cap
228.8 bn PHP

Growth

Δ revenue y/y
0.9%
Δ EBITDA y/y
-1.6%

Multiples

P/E (LTM)
12.0x
P/B (FY)
1.8x
P/E (ann.)
10.9x
EV/EBITDA (LTM)
4.9x
EV/EBITDA (ann.)
4.8x

Cash return

Dividend yield
8.1%
FCF yield (LTM)
14.9%

Value creation

fundamental value/yr, % of market cap
Value created / year
+1.8%
↓ details

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B PHP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB PHPOperating profitB PHPD&AB PHPEBITDAB PHPNet profitB PHPOperating CFB PHPCapex + M&AB PHPAssetsB PHPEquityB PHPROE (annualized)Net debtB PHPSource
2026-09-30Q3 2026 (3M)OK54.2
y/y 0.9%
11.6
y/y 2.4%
14.9
y/y -4.5%
26.5
y/y -1.6%
-2.3
y/y -15.0%
——643.6
y/y 2.2%
131.4
y/y 8.1%
15.8%≈ 280.9Link
2026-06-30Q2 2026 (3M)PARTIAL55.5
y/y 2.1%
13.4
y/y -3.3%
14.3
y/y 8.8%
27.6
y/y 2.6%
7.6
y/y -13.6%
——638.3
y/y 1.4%
135.1
y/y 7.7%
23.2%≈ 280.9Link
2026-03-31Q1 2026 (3M)OK56.5
y/y 2.2%
13.8
y/y -6.6%
14.3
y/y 9.2%
28.0
y/y 0.9%
8.9
y/y -1.6%
22.8-12.4639.6
y/y 2.1%
127.2
y/y 8.9%
28.0%280.9Link
2025-12-31Q4 2025 (3M)OK55.1
y/y -1.4%
17.5
y/y 20.0%
3.7
y/y 15.6%
21.2
y/y 19.2%
4.9
y/y 16.6%
23.0-10.8634.8
y/y 1.9%
128.1
y/y 9.7%
24.2%286.4Link
2025-09-30Q3 2025 (3M)OK53.7
y/y 0.6%
11.3
y/y -23.4%
15.6
y/y 41.5%
26.9
y/y 4.4%
6.2
y/y -35.8%
29.1-18.0629.6
y/y 1.5%
121.5
y/y 7.6%
20.1%287.4Link
2025-06-30Q2 2025 (3M)OK54.4
y/y 1.9%
13.8
y/y 1.6%
13.1
y/y 20.9%
26.9
y/y 10.2%
8.8
y/y 2.6%
22.2-17.9629.6
y/y 0.3%
125.4
y/y 9.8%
29.1%281.0Link
2025-03-31Q1 2025 (3M)OK55.3
y/y 1.9%
14.7
y/y -7.5%
13.1
y/y 31.9%
27.8
y/y 7.6%
9.1
y/y -7.7%
24.5-16.1626.7
y/y 0.8%
116.8
y/y 9.9%
31.1%269.2Link
2024-12-31Q4 2024 (3M)PARTIAL55.9
y/y —
14.6
y/y —
3.2
y/y —
17.8
y/y —
4.2
y/y —
13.6-19.6623.3
y/y —
116.7
y/y —
28.3%269.2Link
2024-09-30Q3 2024 (3M)OK53.4
y/y 2.0%
14.8
y/y -3.0%
11.1
y/y -9.0%
25.8
y/y -5.7%
9.7
y/y 2.4%
17.1-11.2620.0
y/y -2.0%
112.9
y/y -3.7%
34.0%270.8Link
2024-06-30Q2 2024 (3M)OK53.4
y/y 3.3%
13.6
y/y -3.4%
10.8
y/y -12.0%
24.5
y/y -7.4%
8.6
y/y -9.0%
27.3-18.7627.5
y/y 0.5%
114.3
y/y -4.0%
31.2%271.1Link
2024-03-31Q1 2024 (3M)OK54.2
y/y —
15.9
y/y —
9.9
y/y —
25.8
y/y —
9.8
y/y —
23.8-18.8621.8
y/y —
106.2
y/y —
36.3%230.0Link
2023-12-31Q4 2023 (3M)OK54.6
y/y —
1.0
y/y —
17.8
y/y —
18.8
y/y —
-1.3
y/y —
19.9-11.6609.5
y/y —
110.4
y/y —
-4.4%227.0Link
2023-09-30Q3 2023 (3M)OK52.3
y/y —
15.2
y/y —
12.2
y/y —
27.4
y/y —
9.4
y/y —
22.9-10.3632.7
y/y —
117.3
y/y —
31.9%221.4Link
2023-06-30Q2 2023 (3M)OK51.7
y/y —
14.1
y/y —
12.3
y/y —
26.4
y/y —
9.4
y/y —
16.3-35.1624.6
y/y —
119.0
y/y —
—218.4Link

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)29 070
Long-term debt (incl. LT leases)266 392
− Cash & equivalents14 534
Net debt280 928

Net debt / LTM EBITDA: 2.7x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₱ mln)

020 00040 00060 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Year-over-year change

-10%0%10%20%2024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Cash flow

Operating and investing cash flow (OCF + ICF) (₱ mln)

-5 00005 00010 00015 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Net debt / cash (₱ mln)

0100 000200 000300 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Profit and cash

Worth a look
In a typical year of 2024–2025 operating cash flow came to 2.89x of reported net profit; after capex, 0.80x.
year20242025
cash flow / profit2.51x3.27x
accruals, % of assets-7.9%-10.8%
Last twelve months (to 2026-06-30): 3.41x of profit came back as operating cash flow.
net debt / EBITDA 2.6x · EBIT covers interest 2.6x · capex 1.4x of depreciation · dividends 84% of free cash flow
● EBIT covers interest 2.6x.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +1.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-09-30 vs 2025-09-30)
= (26 520 − 26 942) × 3.90
-1 646
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (228 803 + 280 928) ÷ 103 411
4.9x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (4.9 + 10) ÷ 2
7.5x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 6 516 + 9 948 + 0 − 0
16 464
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-1 646 × 7.5 + 16 464) ÷ 228 803
+1.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2025-12-31, before the latest reported period 2026-09-30)

Peer comparison

Group: Telecommunications. Each peer is shown as it trades and re-priced onto this company's market (Philippines) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
KT CorporationKorea9.03.5x2.9x
e& (Etisalat Group)UAE53.05.5x2.9x
America Movil (AMX)Mexico77.04.9x3.5x
Telkom IndonesiaIndonesia11.73.6x3.9x
MTN GroupSouth Africa25.64.3x4.1x
Telefonica Brasil (Vivo)Brazil19.34.3x4.4x
MTSRussia4.23.3x4.6x
Globe TelecomPhilippines3.35.5x5.5x
du (EITC)UAE16.011.0x5.8x
Vodacom GroupSouth Africa20.86.3x6.1x
Kcell JSCKazakhstan2.913.8x12.6x
TIM S.A.Brazil45.416.6x16.9x
Group median5.2x4.5x
Group average6.9x6.1x
This companyPhilippines3.64.9x4.9x

Group median 5.2x as traded, 4.5x adjusted; this company 4.9x — a 10% premium.

Group average 6.9x as traded, 6.1x adjusted; against the average this company is at a 19% discount. The average sits 35% above the median: TIM S.A. (16.9x) skews the group.

At the adjusted group median the market cap would be -20% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 19.1x, Russia 4.0x, South Africa 5.8x, Kazakhstan 6.1x, India 19.3x, Indonesia 5.2x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-11-13; the company's own is live.

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Investor reporting (IR): https://pldt.com/investors#reports

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of PLDT (TEL) — from primary filings.

Frequently asked questions

What is PLDT (TEL)'s P/E ratio?
PLDT (TEL) trades at a P/E of 12.0x (price to trailing 12-month earnings).
What is PLDT (TEL)'s EV/EBITDA?
PLDT (TEL) trades at 4.9x EV/EBITDA.
What is PLDT (TEL)'s P/B ratio?
PLDT (TEL) trades at a P/B of 1.8x.
What is PLDT (TEL)'s dividend yield?
PLDT (TEL)'s trailing 12-month dividend yield is 8.1%.
What is PLDT (TEL)'s return on equity (ROE)?
PLDT (TEL)'s ROE is 15.8%.
What is PLDT (TEL)'s market capitalization?
PLDT (TEL)'s market cap is 228.8 bn PHP.

See also: Philippine Stocks (2026): Where the Value Really Is (and the Traps) · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map