Pldt Inc. (PHI) intrinsic value & 10-year financials
Pldt Inc. (PHI) has a Graham intrinsic value of $2,212.33 per share. Over the last 10 fiscal years revenue grew 2.7% a year to $216.8B, with an average return on invested capital of 8.8%.
- Graham intrinsic value
- $2,212.33
- Revenue (FY2024)
- $216.8B
- Revenue growth (10-yr CAGR)
- 2.7%
- ROIC (10-yr avg)
- 8.8%
- Free cash flow (FY2024)
- $16.1B
PHI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $216.8B | $32.6B | $149.26 | $16.1B | 23.3% | 10.4% |
| FY2023 | $211.0B | $26.8B | $122.91 | $9.5B | 19.3% | 8.7% |
| FY2022 | $205.2B | $10.7B | $48.26 | -$17.6B | -2.7% | -1.3% |
| FY2021 | $193.3B | $26.7B | $121.76 | -$10.4B | 21.1% | 9.7% |
| FY2020 | $181.0B | $24.6B | $112.12 | $8.6B | 20.0% | 9.2% |
| FY2019 | $169.2B | $22.8B | $103.97 | -$18.9B | 23.3% | 10.6% |
| FY2018 | $164.8B | $19.0B | $87.28 | $13.9B | 8.4% | 4.7% |
| FY2017 | $159.9B | $13.5B | $61.61 | $19.5B | 5.9% | 3.5% |
| FY2016 | $165.3B | $20.2B | $92.33 | $6.7B | 14.9% | 8.9% |
| FY2015 | $171.1B | $22.1B | $101.85 | $26.9B | 18.6% | 23.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PLDT Inc. has demonstrated mature, steady growth, with revenue compounding at 2.7% annually over the past decade.
PLDT Inc. has historically struggled to out-earn its cost of capital, averaging just 7.1% ROIC.
PLDT Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PLDT Inc. is modeled at 4.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2212.33 per share.