- Manila Electric’s net income for the first half of 2024 reached 22.44 billion pesos, a 26% increase year-on-year.
- Core net income for the same period stood at 23.21 billion pesos, marking a 21% rise from last year.
- The company’s revenue for the first half was 237.48 billion pesos, up by 5.6% year-on-year.
- Capital expenditure saw a significant increase, totaling 19.94 billion pesos, which is 41% higher than last year.
- For the second quarter of 2024 alone, core net income was 13.12 billion pesos.
- Second-quarter core EBITDA was reported at 21.96 billion pesos, a 24% increase year-on-year.
- The company has 14 buy recommendations, 4 holds, and no sells.
A look at Manila Electric Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Manila Electric Company, a prominent player in the engineering and consulting sectors, shows a promising long-term outlook based on its Smartkarma Smart Scores. A high score in dividend payments, growth potential, resilience, and momentum indicate strong performances in these key areas. With a focus on power generation, transmission, distribution, and telecommunications, Manila Electric Company also offers real estate services and expertise in information technology. This diversified portfolio positions the company well for future growth and stability.
Investors looking at Manila Electric Company can take confidence in the company’s solid overall outlook. The scores suggest that the company is well-positioned to weather challenges and capitalize on growth opportunities in the long run. With a strong emphasis on dividends, growth potential, resilience, and momentum, Manila Electric Company‘s strategic focus on various sectors underscores its robust business strategy and potential for sustained success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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