1. Philippines Stocks

  2. •

    Utilities

  3. •

    Regulated Water
Manila Water Co. Inc.

Manila Water Co. Inc.

MWTCF
Manila Water Co. Inc.US flagOther OTC
0.72
USD
- -
- -
1.88BMarket Cap
Manila Water Co. Inc.
MWTCF
(Other OTC)

Recent

price

0.72

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.37
5.86
7.05
7.42
7.84
8.16
8.6
8.97
9.49
10.48
10.11
8.07
7.91
10.93
14.12
15.45
14.51
Revenue per Share
1.96
2.1
2.69
2.82
2.84
2.9
2.45
2.49
2.64
2.21
1.81
1.23
1.79
1.75
3.56
5.35
5.54
Basic EPS, GAAP
-1.16
-0.02
1.24
1.99
2.28
2.08
0.21
-0.71
0.94
-0.6
-0.74
-0.61
-2.83
0.91
-0.07
1.83
1.84
Free Cash Flow per Basic Share
0.59
0.69
0.74
0.93
0.98
0.99
1.02
1.03
1.04
1.09
- -
0.73
0.45
0.74
1.3
2.1
2.12
Dividend per Share
8.25
5.7
7.65
9.52
14.78
16.64
8.31
6.56
6.85
6.93
6.64
6.42
7.27
3.06
4.9
5.53
4.48
Book Value per Share
9.83
-11.81
-12.03
-11.78
-10.41
-10.25
-10.15
-12.75
-14.32
-18.52
-20.74
-19.13
-25.04
-32.98
-41.48
-60.52
-55.75
Tangible Book Value per Share
2,031
2,034
2,038
2,042
2,047
2,053
2,053
2,054
2,060
2,065
2,065
2,543
2,884
2,810
2,595
2,600
2,845
Basic Weighted Avg Shares
10,901
11,916
14,365
15,159
16,060
16,746
17,654
18,420
19,545
21,645
20,875
20,530
22,799
30,710
36,647
40,181
41,270
Sales/Revenue/Turnover
54.71
54.63
56.22
57.4
54.95
50.68
49.01
46.68
47.44
42.12
45.78
37.42
41.26
50.82
52.91
57.47
57.72
Operating Margin (%)
1,472
1,890
2,320
2,495
2,444
2,600
2,866
2,557
2,656
2,994
3,554
3,628
3,046
4,308
5,348
5,234
5,457
Depreciation Expense
3,979
4,270
5,490
5,752
5,813
5,958
6,065
6,147
6,524
5,496
4,500
3,673
5,923
5,594
10,500
15,808
16,661
Net Income, GAAP
23.82
18.27
22.47
23.86
23.95
22.64
22.01
24.03
22.43
29.43
26.24
29
24.67
34.59
27.37
23.46
21.61
Effective Tax Rate (%)
36.5
35.84
38.22
37.95
36.2
35.58
34.36
33.37
33.38
25.39
21.56
17.89
25.98
18.21
28.65
39.34
40.37
Profit Margin (%)
478
1,531
-1,682
996
1,236
-2,452
774
1,020
-9,260
-7,517
11,211
-286
-8,974
-21,501
-16,062
-50,141
-23,970
Working Capital
12,959
22,042
19,806
24,361
22,975
19,961
25,331
35,110
37,526
46,125
69,060
66,324
78,961
82,491
99,517
120,256
149,238
LT Debt
19,978
22,712
26,754
31,054
35,102
39,719
44,382
48,561
53,621
55,991
60,163
68,325
73,453
70,119
77,335
95,089
94,160
Total Equity
13.8
13.22
12.85
12.14
11.29
10.3
9.72
8.16
7.44
5.88
5.7
4
4.78
6.25
7.99
8.61
8.39
Return on Invested Capital (%)
14.86
16.44
17.29
15.96
13.44
11.55
12.96
14.15
12.61
9.61
7.33
5.66
7.55
6.95
10.75
12.78
12.23
Return on Capital (%)
25.94
30.13
40.38
32.83
23.39
18.5
19.61
33.48
39.35
32.14
26.67
20.84
27.7
33.23
86.6
102.66
133.7
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
17,580
11,945
14,347
LT Borrowings
94,377
119,981
148,992
LT Finance Leases
262
275
245
Preferred Equity and Hybrid Capital
400
400
400
Shares Outstanding
2,958
2,958
2,961
Market Capitalization
116,370
117,400
124,677

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
13,734
15,958
15,459
Cash, Cash Equivalents & STI
6,120
6,924
5,853
Accounts Receivable, Net
5,389
4,461
4,266
Inventories
479
476
479
Total Current Liabilities
37,426
66,099
39,429
Payables & Accruals
- -
- -
- -
ST Debt
17,580
11,945
14,347
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.32%
9.96%
22.96%
Free Cash Flow
-362.05%
-545.38%
-2,920.85%
Net Income, GAAP
15.1%
35.11%
50.56%
Sales/Revenue/Turnover
9.61%
14.61%
9.64%
Total Cash Common Dividend
-22.89%
-9.66%
69.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,818
9,536
9,193
9,100
36,647
2025
9,541
10,455
10,057
10,128
40,181
2026
10,630
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.06
1.29
1.08
- -
3.56
2025
1.21
1.48
1.59
- -
5.35
2026
1.49
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.3
2025
2.11
- -
- -
- -
2.1
2026
2.32
- -
- -
- -
- -
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Business
Manila Water Company, Inc., alongside its various operating units, delivers vital water treatment, distribution, used water, and sanitation services to a diverse clientele spanning residential, commercial, and industrial sectors across the Philippines and globally. The company oversees comprehensive wastewater management, pipeline infrastructure, and expert engineering, procurement, and management solutions, notably providing bulk water to regions like Cebu. It serves approximately 7.8 million individuals within the East Zone, encompassing 23 cities and municipalities including key areas of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, Quezon City, and Manila, along with Rizal towns such as Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa. Expanding its footprint, Manila Water also holds interests in water and wastewater ventures throughout Vietnam, Thailand, Indonesia, and the Middle East, recently signaling an entry into the Mexican market. Incorporated in 1997, the company maintains its headquarters in Quezon City, Philippines.