Last $279.20 PHP
Change Today -2.60 / -0.92%
Volume 63.5K
As of 10:08 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

manila electric company (MER) Snapshot

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05/10/13 - $392.77
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01/16/14 - $243.38
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manila electric company (MER) Details

Manila Electric Company, together with its subsidiaries, is engaged in the distribution and sale of electricity primarily to industrial, commercial, and residential customers in the Philippines. The company operates through two segments, Power and Other Services. It provides power to approximately 5 million customers in 34 cities and 77 municipalities, which include Metro Manila; the provinces of Rizal, Cavite, and Bulacan; and parts of the provinces of Pampanga, Batangas, Laguna, and Quezon. The company also provides engineering, construction, and maintenance services related to power generation, transmission, and distribution, as well as industrial plants, water resources, and telecommunications; information technology services and integrated business solutions to enterprise clients; e-business development and distribution; and e-transaction and bills payment collection services, as well as remittance cash pick-up, electronic cash management services, prepaid loading, service applications acceptance, and outsourced tellering and cashiering services. In addition, it offers meter energy services, strategic loadside outsourcing, energy efficiency solutions, managed services, and power quality and power factor services; designs, procures, and installs right-sized electrical facilities, as well as holds a congressional telecommunications franchise to construct, install, establish, operate, and maintain for commercial purposes and in the public interest; and provides basic and enhanced telecommunications services in the Philippines and between the Philippines and other countries and territories. Further, the company owns and operates The Strip mall; and provides non-life insurance services. Manila Electric Company was founded in 1903 and is based in Pasig, the Philippines.

5,898 Employees
Last Reported Date: 04/10/14
Founded in 1903

manila electric company (MER) Top Compensated Officers

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manila electric company (MER) Key Developments

Meralco Signs an Interim Power Supply Agreement with PanAsia Energy, Inc

On 8 April 2014, Meralco signed an Interim Power Supply Agreement (IPSA) with PanAsia Energy Inc. for the purchase of up to a maximum capacity of 270MW on a non-firm basis covering the period April to June, 2014. The effectivity of the said IPSA shall be upon the issuance of the Final Approval by the Energy Regulatory Commission (ERC).

Manila Electric Co. Announces Executive Changes

Manila Electric Co. announced that at it's board of directors meeting held on March 31, 2014, the directors approved resignation of Mr. Ramon S. Ang and Atty. Estelito P. Mendoza as directors of the company and announced the appointment of Mr. Napoleon L. Nazareno and John L. Gokongwei, Jr. as directors of the company, effective from March 31, 2014.

Manila Electric Co. to Complete the Commercial Test of its Prepaid Electricity Service by the Middle of 2014

Manila Electric Co. reported that it hopes to complete the commercial test of its prepaid electricity service by the middle of 2014. The pilot phase for Meralco's prepaid electricity service, covering 200 households in Angono, was completed last year.


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MER:PM $279.20 PHP -2.60

MER Competitors

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Company Last Change
Oriental Petroleum & Minerals Corp $0.02 PHP -0.001
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Philodrill Corp/The $0.04 PHP -0.001
Trans-Asia Oil & Energy Development Corp $2.35 PHP -0.02
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Industry Average

Valuation MER Industry Range
Price/Earnings 18.5x
Price/Sales 1.1x
Price/Book 4.2x
Price/Cash Flow 13.7x
TEV/Sales 0.7x

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