PLDT, Inc. (PHI)
NYSE:PHI
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PLDT
(NYSE:PHI)
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Rating:63Neutral
Price Target:
$18.50
▼(-13.10% Downside)
Action:Reiterated
Date:06/14/26
The score is driven mainly by solid operating profitability and improving free cash flow, balanced against high leverage that raises financial risk. Valuation is a major positive due to the low P/E and very high dividend yield, while technicals materially detract given the sustained downtrend and weak momentum (despite oversold readings).
Positive Factors
Strong margins and profitability
Sustained high gross margin (~71%) and healthy net margin (~14%) indicate durable cost advantages from network scale and pricing power across consumer and enterprise services. This margin profile supports reinvestment, dividend capacity and resilience through cyclical demand shifts.
Negative Factors
Elevated leverage
High and consistent debt-to-equity (~2.8x) constrains financial flexibility, heightens refinancing and interest-rate sensitivity, and amplifies downside risk from cyclical revenue swings. Given telecoms' capital intensity, leverage limits strategic optionality across multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong margins and profitability
Sustained high gross margin (~71%) and healthy net margin (~14%) indicate durable cost advantages from network scale and pricing power across consumer and enterprise services. This margin profile supports reinvestment, dividend capacity and resilience through cyclical demand shifts.
Read all positive factors
PLDT (PHI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.97B
Dividend Yield7.78%
Average Volume (3M)177.66K
Price to Earnings (P/E)8.0
Beta (1Y)0.26
Revenue Growth0.82%
EPS Growth-9.44%
CountryUS
Employees14,904
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)138.60
Shares Outstanding216,055,770
10 Day Avg. Volume108,452
30 Day Avg. Volume177,661
Financial Highlights & Ratios
PEG Ratio-1.79
Price to Book (P/B)2.18
Price to Sales (P/S)1.24
P/FCF Ratio11.60
Enterprise Value/Market Cap142.79
Enterprise Value/Revenue2.57
Enterprise Value/Gross Profit3.59
Enterprise Value/Ebitda5.93
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.47
Revenue Forecast (FY)$3.63B
PLDT Business Overview & Revenue Model
Company Description
PLDT Inc., a major provider of telecommunications and digital services across the Philippines, is headquartered in Makati City. The company organizes its extensive operations into three main divisions: Wireless, Fixed Line, and Other services. Und...
How the Company Makes Money
PLDT primarily makes money by selling telecommunications and connectivity services on recurring subscription and usage-based plans across consumer and enterprise markets. Key revenue streams include: (1) Mobile services (via Smart Communications):...
PLDT Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call presented a largely positive operational and strategic picture: modest revenue growth, resilient and improving EBITDA, strong execution in Home (fiber), Enterprise/ICT momentum, and a meaningful milestone with Maya reaching profitability and rapid deposit growth. Management also highlighted disciplined CapEx, sustained free cash flow and a clear deleveraging path (CapEx guidance mid-PHP 50 billion and plans to use asset monetization/REIT proceeds to pay down debt). Key weaknesses included higher financing costs and depreciation that pressured telco core and reported income, some operational disruption from natural calamities impacting Q4 Home activity, early-stage take-up at the new hyperscale data center, and provisioning/credit-risk considerations as Maya scales lending and credit-card products. On balance, the positives (diversified growth, profitability recovery at Maya, cost control, positive free cash flow and supportive balance-sheet actions) outweigh the lowlights, though continued execution on deleveraging, data-center monetization and credit quality will be important to monitor.Positive Updates
Modest Top-Line Growth and Stable EBITDA
Gross service revenues reached PHP 212.2 billion, up 2% YoY (PHP 3.8 billion). Consolidated/net service revenues were PHP 196.2 billion (up 1% YoY or PHP 1.5 billion). EBITDA (excl. MRP) rose 3% YoY to PHP 111.2 billion with margin steady at 52%.
Negative Updates
Telco Core Income and Reported Income Declines
Telco core income fell 3% YoY to PHP 33.9 billion, mainly due to higher depreciation and financing costs. Reported income was PHP 30.0 billion, down 7% YoY driven by lower foreign-exchange and derivative gains.
Read all updates
Q4-2025 Updates
Positive
Negative
Modest Top-Line Growth and Stable EBITDA
Gross service revenues reached PHP 212.2 billion, up 2% YoY (PHP 3.8 billion). Consolidated/net service revenues were PHP 196.2 billion (up 1% YoY or PHP 1.5 billion). EBITDA (excl. MRP) rose 3% YoY to PHP 111.2 billion with margin steady at 52%.
Read all positive updates
Company Guidance
PLDT guided to a mid‑PHP 50 billion CapEx program for 2026 (management later cited roughly PHP 53–57 billion), with the goal of sustaining positive free cash flow and working toward a ~2.0x net debt/EBITDA (net debt was PHP 284.7 billion and net debt/EBITDA 2.56x at end‑2025; EBITDA was PHP 111.2 billion). Management reiterated plans to steadily lower CapEx intensity (improved to 28% from 38% in 2024), pursue asset monetization (including a potential data‑center REIT covering eight DCs, excluding VITRO Santa Rosa, with proceeds earmarked to pay down debt), and begin deleveraging in the back half of 2026; CEO cash‑flow math showed an illustrative free cash flow of ~PHP 32 billion (EBITDA PHP 111B less CapEx ~PHP 55B, interest ~PHP 17B, taxes ~PHP 7B), dividends of ~PHP 21–22 billion and potential debt paydown of at least PHP 10 billion in H2 2026. Additional balance‑sheet metrics to note: gross debt PHP 296.9 billion, average debt maturity 6.5 years, 49% maturities post‑2031, interest cover 3.3x, and a 33/67 split fixed vs. floating.PLDT Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 220.87B | 223.30B | 216.83B | 210.95B | 204.36B | 192.19B |
| Gross Profit | 157.99B | 133.04B | 158.25B | 155.17B | 154.75B | 150.16B |
| EBITDA | 95.75B | 101.20B | 85.66B | 89.78B | 93.44B | 90.85B |
| Net Income | 30.04B | 30.69B | 32.31B | 26.61B | 10.48B | 26.37B |
Balance Sheet | ||||||
| Total Assets | 633.92B | 634.51B | 623.27B | 609.52B | 624.16B | 626.33B |
| Cash, Cash Equivalents and Short-Term Investments | 14.87B | 12.23B | 11.00B | 17.09B | 25.80B | 33.42B |
| Total Debt | 354.15B | 359.04B | 335.62B | 302.34B | 292.01B | 274.24B |
| Total Liabilities | 507.87B | 506.49B | 506.54B | 499.13B | 510.20B | 498.86B |
| Stockholders Equity | 124.81B | 126.83B | 115.42B | 105.22B | 108.73B | 123.22B |
Cash Flow | ||||||
| Free Cash Flow | 37.62B | 23.85B | 13.45B | 7.33B | -19.35B | -12.01B |
| Operating Cash Flow | 96.94B | 85.35B | 81.73B | 85.77B | 76.20B | 91.97B |
| Investing Cash Flow | -56.96B | -60.27B | -65.70B | -55.12B | -33.01B | -103.64B |
| Financing Cash Flow | -39.37B | -23.20B | -22.33B | -39.42B | -42.30B | -4.90B |
PLDT Technical Analysis
Neutral
21.29
Price Trends
19.11
Negative
20.53
Negative
20.35
Negative
Market Momentum
-0.34
Negative
46.55
Neutral
62.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PHI, the sentiment is Neutral. The current price of 21.29 is above the 20-day moving average (MA) of 17.86, above the 50-day MA of 19.11, and above the 200-day MA of 20.35, indicating a neutral trend. The MACD of -0.34 indicates Negative momentum. The RSI at 46.55 is Neutral, neither overbought nor oversold. The STOCH value of 62.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PHI.
PLDT Risk Analysis
PLDT disclosed 30 risk factors in its most recent earnings report. PLDT reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PLDT Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $21.60B | 17.48 | 9.28% | 5.03% | 10.34% | 17.26% | |
64 Neutral | $13.76B | 15.33 | 11.99% | 6.14% | -4.78% | -32.55% | |
63 Neutral | $3.97B | 7.99 | 24.22% | 7.78% | 0.82% | -9.44% | |
62 Neutral | $32.11B | -6,215.12 | -0.79% | 3.77% | 16.69% | 87.12% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $5.20B | 12.99 | 7.27% | 5.57% | 18.57% | 5.36% |
* Communication Services Sector Average
PHI
PLDT
18.07
-2.54
-12.30%
TLK
PT Telekomunikasi Indonesia Tbk
14.08
-1.86
-11.66%
VIV
Telefonica Brasil
13.45
2.72
25.41%
TKC
Turkcell Iletisim
6.02
0.06
1.04%
VOD
Vodafone
13.89
3.63
35.38%
PLDT Corporate Events
PLDT Details Results of June 9, 2026 Stockholders and Board Meetings
Jun 10, 2026
On June 9, 2026, PLDT held its Annual Meeting of Stockholders and the subsequent Organizational Meeting of its Board of Directors, formalizing key corporate actions and appointments. The company later filed a current report and supporting disclosu...
PLDT Declares Cash Dividend on Voting Preferred Shares for July 2026 Payout
Jun 9, 2026
On June 9, 2026, PLDT’s board of directors approved a cash dividend totaling P2,437,500 on all outstanding Voting Preferred shares for the quarter ending July 15, 2026, with payment set for July 15 to holders of record as of June 23. The div...
PLDT Moves to Full Ownership of Radius With Deal for Paragon’s 65.1% Stake
Jun 5, 2026
On June 4, 2026, PLDT executed a Share Purchase Agreement with Paragon Vertical Corporation and Radius Telecoms covering the proposed acquisition of Paragon’s 65.1% equity stake in Radius. The stake comprises over 4.64 million common shares ...
PLDT Files Disclosure on Launch of Combined 2025 Annual and Sustainability Report
May 22, 2026
On May 21, 2026, PLDT Inc. disclosed to the Philippine Stock Exchange and the Securities and Exchange Commission that it had issued a press release titled “Going Beyond the Signal: PLDT releases combined 2025 Annual and Sustainability Report...
PLDT Declares ₱12.42 Million Cash Dividend on Series IV Preferred Shares
May 14, 2026
On May 14, 2026, PLDT’s board approved a cash dividend of ₱12.42 million on all outstanding shares of its Series IV Cumulative Non-Convertible Redeemable Preferred Stock for the quarter ending June 15, 2026. The dividend will be paid o...
PLDT Details Q1 2026 Results, Radius Buyout and Preferred Dividend in May 14 Filings
May 14, 2026
On May 14, 2026, PLDT Inc. reported to regulators that it had released its unaudited consolidated financial results for the quarter ended March 31, 2026, and declared a cash dividend of P12.42 million on its Series IV cumulative non-convertible re...
PLDT Files 2025 Form 20-F Annual Report with U.S. SEC
Apr 28, 2026
On April 28, 2026, PLDT Inc. reported that it had filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, and submitted a corresponding disclosure to the Philippine Stock Exchange and the Philippine Securities a...
PLDT Discloses Vice President’s Retirement, Sees No Impact on Operations
Apr 1, 2026
On March 31, 2026, PLDT Inc. reported to Philippine regulators and the U.S. Securities and Exchange Commission the separation from service of Vice President Branden B. Dean, following his voluntary retirement effective April 1, 2026. The company e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.