Last $6.13 PHP
Change Today -0.01 / -0.16%
Volume 960.2K
EDC On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Philippines
As of 10:15 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

energy development corp (EDC) Snapshot

Open
$6.12
Previous Close
$6.14
Day High
$6.14
Day Low
$6.08
52 Week High
06/11/14 - $6.60
52 Week Low
11/20/13 - $4.25
Market Cap
114.8B
Average Volume 10 Days
18.1M
EPS TTM
$0.27
Shares Outstanding
18.8B
EX-Date
03/12/14
P/E TM
22.8x
Dividend
$0.10
Dividend Yield
2.94%
Current Stock Chart for ENERGY DEVELOPMENT CORP (EDC)

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energy development corp (EDC) Details

Energy Development Corporation, together with its subsidiaries, explores for, develops, and operates geothermal energy and other indigenous renewable energy projects in the Philippines. It provides various services, including geothermal energy exploration and development; reservoir engineering and management; engineering design and construction; steam field commissioning, operations, and maintenance; environmental management; energy research and development; and project planning and construction. The company is also involved in the production of geothermal steam, as well as generation of electricity through hydroelectric power plants. It operates 12 geothermal steam fields in 5 geothermal service contract areas; and holds wind energy service contracts in Burgos and Pagudpud, Ilocos Norte. Energy Development Corporation serves National Power Corporation, privately-owned distribution utilities, and large industrial customers. The company was founded in 1976 and is headquartered in Pasig City, the Philippines. Energy Development Corporation is a subsidiary of Red Vulcan Holdings Corporation.

2,518 Employees
Last Reported Date: 03/13/14
Founded in 1976

energy development corp (EDC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

energy development corp (EDC) Key Developments

Energy Development Corporation Appoints Wilfredo A. Malonzo as the New Head of Strategic Contracting

Energy Development Corporation announced that EDC Management has appointed Wilfredo A. Malonzo as the new Head of Strategic Contracting effective July 1, 2014. Prior to his new assignment, Wilfredo A. Malonzo was Vice President for Supply Chain Management Group. Effective July 1, 2014, the function of supply chain management will be integrated into Finance Group and concurrently headed by Nestor H. Vasay, CFO/Treasurer/SVP for Finance.

Energy Development Corporation Announces Retirement of Marcelino M. Tongco, Senior Vice President for Strategic Contracting

Energy Development Corporation announced the retirement of Mr. Marcelino M. Tongco, Senior Vice President for Strategic Contracting effective close of business June 30, 2014.

EDC Plans To Acquire 25% Stake In Power Project

Energy Development Corporation (PSE:EDC) is negotiating its possible participation in a 220-MW geothermal project in Indonesia. Francis Giles Puno, the Chief Financial Officer of First Philippine Holdings Corp (PSE:FPH) whose Chairman Federico Lopez controls EDC, said that the latter is considering becoming the owner of a 25% stake in the entity holding the concession for the $1 billion geothermal scheme. The finance head noted that he expects the deal to be sealed by the second half of 2014. The name of the other party was not disclosed at this point. EDC is anticipated to have management control despite holding just a minority stake, Puno added.

 

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EDC Competitors

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Company Last Change
Aboitiz Power Corp $36.80 PHP +0.10
Ayala Corp $655.00 PHP -3.00
San Miguel Corp $78.90 PHP -0.10
AES Corp/VA $14.61 USD -0.38
Tokyo Electric Power Co Inc ¥401.00 JPY -4.00
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Industry Analysis

EDC

Industry Average

Valuation EDC Industry Range
Price/Earnings 27.0x
Price/Sales 4.6x
Price/Book 3.4x
Price/Cash Flow 26.9x
TEV/Sales 1.7x
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