Added to YB: 2026-09-10
Pitch date: 2026-09-08
FPHHF [bullish]
First Philippine Holdings Corporation
-1.25%
current return
Author Info
No bio for this author
Company Info
First Philippine Holdings Corporation engages in the power generation, real estate development, energy solutions, construction, and other businesses in the Philippines.
Market Cap
PHP 43.7B
Pitch Price
PHP 99.75
Price Target
300.00 (+201%)
Dividend
2.14%
EV/EBITDA
7.50
P/E
2.81
EV/Sales
2.81
Sector
Electric Utilities
Category
value
2.6 P/E, .5x EV/E 2030 multiple. EPS compounding 30% at least until 2031. 2% dividend, 30% stock bought back. KKR wants it. Utility monopolies. Surfing a long wave - First Philippine Holdings Corporation
FPHHF: After deducting estimated FPIP and Lopez Holdings NAV, First Philippine Holdings has an adjusted EV of ₱21.5B against estimated recurring net income of ₱18B, or 1.2x EV/earnings. First Gen and Rockwell generate over 90% of parent recurring income, while identified projects could lift it to roughly ₱43B by 2032, excluding organic growth and major optionality. The stated fair value is ₱300 per share, about 3x ₱99.05; Ramon S. Ang’s entry may alter governance or capital allocation.
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