PHINYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31Also trades as PHTCF
PLDT Inc.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 27, 2026
$20.03+0.13 (+0.65%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
93.5%+1.5 pts over 5 years
Operating margin
23.3%−0.0 pts over 5 years
Net margin
14.9%+1.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.8% | +4.1% | +5.1% | – | |
| Gross profit | +3.6% | +4.2% | +5.4% | – | |
| Operating income | +24.1% | +7.3% | +5.1% | – | |
| Net income | +21.4% | +7.0% | +7.5% | – | |
| EPS, diluted | +21.4% | +7.0% | +7.5% | – | |
| Free cash flow | +69.1% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 20.1% | 29.3% | |
| Return on assets | – | 4.5% | 5.2% | |
| Current ratio | – | 0.37 | 0.34 | |
| Debt to equity | – | 1.72 | 2.44 | |
| Net debt to EBITDA | – | 2.13× | 2.55× | |
| Interest coverage | 5.1× | 4.6× | 3.3× | |
| Inventory turnover | – | 4.3× | 4.2× | |
| Capex to revenue | 25.0% | 52.2% | 30.3% | |
| Diluted shares | 216M | 216M | 216M |
Where the cash went
Fiscal 2020 to 2024, five years combined
PLDT generated 420.74B PHP from operations and spent 518.38B PHP on capital expenditure, dividends and share buybacks. 80% of that went back into the business.
Generated
420.74B PHP
Used
518.38B PHP
Capital expenditure414.64B PHP80%Dividends103.75B PHP20%Share buybacks0 PHP0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.9%
×Asset turnover0.35×
×Equity multiplier5.59×
=Return on equity, FY202429.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 14.9% | 0.35× | 5.59× | 29.3% |
| FY2023 | 12.6% | 0.34× | 5.77× | 24.9% |
| FY2022 | 5.1% | 0.33× | 5.39× | 9.0% |
| FY2021 | 13.7% | 0.32× | 5.04× | 22.1% |
| FY2020 | 13.4% | 0.33× | 4.84× | 21.4% |
| FY2019 | 13.3% | 0.34× | 4.49× | 20.1% |
| FY2018 | 11.6% | 0.35× | 4.30× | 17.3% |
| FY2017 | 8.4% | 0.34× | 4.35× | 12.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
7of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero32.31B PHP
- Cash generatingOperating cash flow above zero81.73B PHP
- Return on assets improvedROA up on the prior year4.3% → 5.3%
- Earnings backed by cashOperating cash flow above net income81.73B PHP vs 32.31B PHP
- Less leverageLong-term debt to assets fell39.9% → 41.4%
- Better liquidityCurrent ratio rose0.36 → 0.34
- No dilutionShare count did not rise216M → 216M
- Gross margin improvedGross margin up on the prior year92.85% → 93.54%
- More efficientAsset turnover rose0.34 → 0.36