PLDT, Inc.

In the news

Pandemic slows China-backed bid to end Philippine telco duopoly Aug 7, 2020
Top Philippine telco to launch 5G service with Huawei and Ericsson Jul 29, 2020
Duterte rocks Philippine telcos with threat to seize assets Jul 28, 2020
Digital payment grows in Philippines amid COVID-19 fears Jul 19, 2020
Philippine tech newcomer eyes $726m IPO Jul 3, 2020

Company Background

PLDT is the county's dominant telecommunications carrier. The company commands around 70% of the fixed line segment and about two-thirds of the wireless cellular market via the Smart Communications, Talk 'N Text and Sun Cellular brands.

PLDT also has a minority interest in business process outsourcing company SPI Global. Its business thrust in recent years has been aimed at becoming a multimedia company from a traditional telecommunications services provider. It has moved to increase its media assets in line with this goal.

Through its trust fund, PLDT now controls two broadsheet newspapers, the Philippine Star and BusinessWorld, and has a minority stake in the Philippine Daily Inquirer. It also owns TV5, the nation's third-largest broadcaster. In August, the company made a 10% investment in Rocket Internet, a German startup engaged in e-commerce.

PLDT is majority owned by First Pacific, a Hong Kong-listed company controlled by Indonesia's Salim Group. It is also backed by Japan's NTT group, which has an around 22% stake in the company. With 576-billion-peso ($12.8 billion) market capitalization at the end of 2013, PLDT is one of the Philippines' most valuable companies.

Business Summary

PLDT, Inc. engages in the provision of telecommunication services. It operates through the following segments: Wireless, Fixed Line, and Others. The Wireless segment focuses on driving data services while managing business of voice and SMS. The Fixed Line segment offers fixed line telecommunications services throughout the Philippines, servicing retail, corporate, and SME clients. The Other segments consists interests in digital platforms and other technologies, including interests in VIH and Multisys. The company was founded on November 28, 1928 and is headquartered in Makati City, Philippines.

Financial Highlights

Dec 2021	PHP	USD
Revenue	193,257M	3,920.44M
Gross Profit	121,227M	2,459.23M
Operating income	40,909M	829.88M
Income before tax	35,255M	715.18M
Net income	26,367M	534.88M
EBITDA	95,900M	1,945.44M
Diluted EPS	121.76	2.47
Dividends Per Share	84	1.70
Total Assets	626,328M	12,282.74M
Total liabilities	498,863M	9,783.06M
Total equity	123,216M	2,416.35M
Operating cash flow	81,944M	1,662.33M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	159,926M	162,914M	169,187M	181,004M	193,257M
Gross Profit	85,924M	94,862M	111,706M	116,587M	121,227M
Operating income	13,424M	15,895M	39,401M	36,182M	40,909M
Income before tax	14,569M	22,815M	32,336M	35,349M	35,255M
Net income	13,371M	18,916M	22,521M	24,284M	26,367M
EBITDA	66,174M	64,027M	79,815M	86,158M	95,900M
Diluted EPS	61.61	87.27	103.96	112.12	121.76
Dividends Per Share	76	72	75	78	84
Total Assets	460,826M	485,088M	527,274M	575,846M	626,328M
Total liabilities	349,643M	368,422M	410,984M	456,181M	498,863M
Total equity	106,842M	112,358M	111,987M	115,408M	123,216M
Operating cash flow	50,272M	54,093M	62,517M	76,553M	81,944M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	3,172.21M	3,092.35M	3,267.39M	3,649.23M	3,920.44M
Gross Profit	1,704.34M	1,800.62M	2,157.30M	2,350.52M	2,459.23M
Operating income	266.27M	301.71M	760.92M	729.46M	829.88M
Income before tax	288.98M	433.06M	624.48M	712.67M	715.18M
Net income	265.22M	359.05M	434.93M	489.59M	534.88M
EBITDA	1,312.59M	1,215.32M	1,541.41M	1,737.03M	1,945.44M
Diluted EPS	1.22	1.65	2.00	2.26	2.47
Dividends Per Share	1.50	1.36	1.44	1.57	1.70
Total Assets	9,231.29M	9,224.83M	10,411.17M	11,990.92M	12,282.74M
Total liabilities	7,004.06M	7,006.21M	8,114.99M	9,499.12M	9,783.06M
Total equity	2,140.26M	2,136.69M	2,211.21M	2,403.15M	2,416.35M
Operating cash flow	997.17M	1,026.76M	1,207.34M	1,543.39M	1,662.33M

Valuation Measures

Dec 2021
PER	14.88
ROA	4.38%
ROE	22.09%
Operating margin	21.16%
Profit margin	13.64%

Key executives

President, CEO, Director & Chief Revenue Officer: Alfredo S. Panlilio
Chief Financial & Risk Management Officer, SVP: Anabelle Lim-Chua
Senior VP & Head-Home Consumer Business: Menardo G. Jimenez
Senior VP & Head-Smart Consumer Sales Group: Alejandro O. Caeg
Secretary, Chief Legal Counsel & Senior VP: Marilyn A. Victorio-Aquino

Shareholders

Nippon Telegraph & Telephone Corp. (20.3%)
Philippine Telecommunications Investment Corp. (12.0%)
JG Summit Holdings, Inc. (11.2%)
First Pacific Co. Ltd. (9.9%)
Social Security System (4.4%)
The Vanguard Group, Inc. (1.3%)
BlackRock Fund Advisors (0.8%)
YUCHENGCO FAMILY (0.4%)
BDO Unibank, Inc. (Investment Management) (0.4%)
GO JAMES L (0.4%)

Contact Details

Website:http://www.pldt.com.ph
Address: Ramon Cojuangco Building, Makati Avenue corner Ayala Avenue, Makati City, 1200, Philippines
Phone: +63.28.168.556

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Competitors

Globe Telecom Inc.
Converge Information & Communications Technology Solutions Inc
Rakuten Group, Inc.
Z Holdings Corporation
Microsoft Corporation
Alphabet Inc. Class A
Chelsea Logistics & Infrastructure Holdings Corp.
China Telecom Corp. Ltd. Class H
Meta Platforms Inc. Class A
Twitter, Inc.
Zoom Corp.
IPS, Inc.
Xurpas Inc
GMA Network, Inc.

Last Updated on 30 Sep, 2022