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Philippines' largest telecom, providing fixed-line, mobile (via Smart Communications) and broadband internet services.
Philippines' largest telecom, providing fixed-line, mobile (via Smart Communications) and broadband internet services.
Mobile services carry the company, billed largely as prepaid load that customers top up in small amounts, while home fiber broadband brings monthly subscriptions. First Pacific, led by Manuel V. Pangilinan, and Japan's NTT group are the main shareholders. It also owns data centers and a stake in the Maya e-wallet.
In one line: The Philippines' AT&T/Verizon-equivalent incumbent telecom.
Moat: narrow (scale, installed base, regulatory licence). Incumbent nationwide network and spectrum holdings are costly for challengers to replicate.
Headquarters: Makati, Philippines · Founded: 1928 · Employees: 14,304
Size PLDT, Inc. Sponsored ADR (PHI) is a United States Communication Services company (Specialty Telecommunications) with a market value of $3.88B, the 1368th largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.26 on 6 Nov 2026.
Performance Over six months the shares fell 11.1%, against -2.9% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 15 in its peer set.
Growth Revenue fell 1.7% over the last twelve months (peer median +4.8%); the operating margin is 22.1% (peer median 11.4%).
Valuation It trades at 8.7× forward earnings against a peer median of 30.1× (cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points above its cost of capital (6.5% WACC).
Backlog Backlog (remaining performance obligations) was PHP 45.9B at 31 Dec 2024, up 13% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Credit PLDT, Inc. Sponsored ADR has 2 bonds outstanding ($600M), rated BBB by the agencies and trading like BBB at a weighted spread of 105 bp.
Short interest Short interest is 0.4% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.75B | $3.80B | $3.78B | $3.79B | $3.75B |
| Revenue growth | — | 0% | 0% | +1% | — |
| Gross profit | $2.16B | $2.26B | $2.32B | $2.28B | $1.56B |
| EBITDA | $1.88B | $1.91B | $1.86B | $1.79B | $1.73B |
| Net income | $457M | $498M | $536M | $478M | $192M |
| Free cash flow | $559M | $406M | $62.1M | -$29.6M | -$513M |
| Capital expenditure | $852M | $1.05B | $1.15B | $1.37B | $1.72B |
| Total debt | $5.88B | $6.11B | $5.80B | $5.46B | $5.24B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PHI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | +0.9% | 6th lowest of 15 |
| 6-month return | -11.1% | -2.9% | 6th lowest of 15 |
| Distance from 52-week high | -25.5% | -21.4% | 6th lowest of 15 |
| Revenue growth (TTM) | -1.7% | +4.8% | 2nd lowest of 15 |
| Operating margin | 22.1% | 11.4% | 4th highest of 15 |
| Forward P/E | 8.7× | 30.1× | cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -2.9% | 8.2% | 4th least demanding of 12 |
| Growth delivered (Del g) | +0.8% | +6.5% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | -3.7 pp | -1.6 pp | 5th least demanding of 12 |
| ROIC minus cost of capital | +1.7 pp | -0.7 pp | 6th highest of 15 |
| EV / EBITDA | 5.1× | 8.5× | cheapest of 10 |
| Net debt / EBITDA | 3.0× | 1.4× | 5th most indebted of 10 |
| Bond spread | 105 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PLDT, Inc. Sponsored ADR PHI | United States | $3.88B | -11% | -2% | 22% | 8.7× | -2.9% | +0.8% |
| Iridium Communications IRDM | United States | $4.68B | +6% | +4% | 19% | 64.8× | 21.0% | +8.4% |
| freenet FNTN.DE | Germany | $3.06B | -7% | +10% | 14% | 11.4× | -11.3% | -1.1% |
| Helios Towers HTWS.L | United Kingdom | $3.05B | -8% | +6% | 36% | 30.1× | 13.4% | +15.0% |
| 1&1 1U1.DE | Germany | $5.79B | +7% | +8% | 3% | 34.4× | 12.5% | +1.8% |
| ASR Microelectronics 688220.SS | China | $6.56B | +6% | +28% | 1% | 170.1× | n/a | n/a |
| U-NEXT 9418.T | Japan | $2.04B | +17% | +20% | 6% | 17.6× | 0.4% | +17.7% |
| Infrastrutture Wireless Italiane INW.MI | Italy | $7.39B | +1% | +1% | 53% | 19.4× | 8.2% | +10.2% |
| StarHub CC3.SI | Singapore | $1.41B | +4% | -8% | 5% | 48.0× | 7.2% | +3.0% |
| AST SpaceMobile ASTS | United States | $12.6B | -57% | +2,257% | -410% | n/a | n/a | n/a |
| CITIC Telecom International 1883.HK | Hong Kong | $1.14B | -14% | 0% | 12% | 9.2× | -10.5% | +1.4% |
| Guomai Technologies 002093.SZ | China | $1.08B | -14% | +3% | 24% | n/a | 11.7% | +6.5% |
| China Satellite Communications 601698.SS | China | $13.9B | -40% | -2% | 10% | n/a | 40.0% | -0.3% |
| Guangzhou Frontop Digital Creative Technology 301313.SZ | China | $1.02B | +90% | +1% | -31% | 93.0× | n/a | n/a |
| Ituran Location and Control ITRN | United States | $987M | -18% | +16% | 22% | 12.9× | -3.4% | +7.9% |
PLDT, Inc. Sponsored ADR has 2 bonds outstanding with $600M face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 6.00%, a spread of 105 bp over government bonds.
PLDT, Inc. Sponsored ADR reported PHP 45.9B of remaining performance obligations at 31 Dec 2024, up 13% from a year earlier. That is 0.2 years of trailing revenue already under contract.