Manila Electric Co (PHS:MER) FCF Margin %: -13.38% (As of Mar. 2026)


PHS:MER Manila Electric Co PHS:MER
93 GF Score
Price ₱573.00
GF Value ₱528.22
Valuation Fairly Valued
! 9 Warning Signs
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What is Manila Electric Co FCF Margin %?

Manila Electric Co PHS:MER -1.21% 93 FCF Margin % is -13.38% as of Mar. 2026. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱528.22 (Fairly Valued). The stock has 9 warning signs investors should review. Among 499 Utilities - Regulated companies, Manila Electric Co ranks worse than 73.35% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Manila Electric Co's Free Cash Flow for the three months ended in Mar. 2026 was ₱-16,157 Mil. Manila Electric Co's Revenue for the three months ended in Mar. 2026 was ₱120,779 Mil. Therefore, Manila Electric Co's FCF Margin % for the quarter that ended in Mar. 2026 was -13.38%.

As of today, Manila Electric Co's current FCF Yield % is -5.47%.

The historical rank and industry rank for Manila Electric Co's FCF Margin % or its related term are showing as below:

PHS:MER' s FCF Margin % Range Over the Past 10 Years
Min: -7.1   Med: 5.41   Max: 9.32
Current: -7.1


During the past 13 years, the highest FCF Margin % of Manila Electric Co was 9.32%. The lowest was -7.10%. And the median was 5.41%.

PHS:MER's FCF Margin % is ranked worse than
73.35% of 499 companies
in the Utilities - Regulated industry
Industry Median: 2.36 vs PHS:MER: -7.10


Manila Electric Co FCF Margin % Related Terms


Manila Electric Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Manila Electric Co FCF Margin % Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.01 -3.99 6.55 -0.53 -7.06

Manila Electric Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.51 -8.38 -22.30 15.57 -13.38

PHS:MER vs NEE, SO, DUK: FCF Margin % Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Manila Electric Co FCF Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's FCF Margin % falls into.


PHS:MER
93GF Score
Manila Electric Co PHS:MER
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Manila Electric Co FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Manila Electric Co's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-35088/497325
=-7.06 %

Manila Electric Co's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-16157/120779
=-13.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -13.38% mean?
Manila Electric Co (PHS:MER) has a FCF Margin % of -13.38% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Manila Electric Co and its competitors. According to the industry distribution chart, Manila Electric Co ranks #366 out of 499 companies in the Utilities - Regulated industry, placing it in the top 73.3%.
Is Manila Electric Co's FCF Margin % too high?
Manila Electric Co's current FCF Margin % is -13.38%. Based on the distribution chart, Manila Electric Co ranks #366 out of 499 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's FCF Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #366 out of 499 companies for FCF Margin %. This places Manila Electric Co in the lower half of its industry. The industry median FCF Margin % is 2.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Utilities - Regulated company?
The median FCF Margin % among Utilities - Regulated companies is 2.36, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median FCF Margin % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current FCF Margin % is -13.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Electric Co (PHS:MER) is currently considered Fairly Valued. The stock's GF Value™ is ₱528.22, compared to a current price of ₱573.00 — trading 8.5% above its estimated fair value. The current FCF Margin % is -13.38%. Manila Electric Co's overall GF Score™ is 93/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current FCF Margin % is -13.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manila Electric Co (PHS:MER) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued. The current stock price of ₱573.00 is trading 8.5% above its estimated GF Value™ of ₱528.22. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • FCF Margin %: -13.38%
  • GF Value™: ₱528.22 vs. price of ₱573.00 (8.5% above fair value)
  • GF Score™: 93/100 with 9 warning signs

No single metric tells the full story. See the PHS:MER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manila Electric Co Business Description

Other Exchanges MERVF:USAMAEOY:USA
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.
93GF Score

Get the complete analysis for PHS:MER

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱573.00
Price
₱528.22
GF Value