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STOCK COMPARISON

SDN Company. vs Manila Electric: Fair Value & Quality

Both stocks run through our valuation models. Here is how SDN Company. (099220) and Manila Electric (MER) compare, as of Sep 27, 2026.

As of Sep 27, 2026, Fair Value Calculator sees Manila Electric as the more attractively valued of the two: SDN Company. trades at KRW 5,040 versus a fair value of KRW 752 (−85.1%), while Manila Electric trades at PHP 444 versus PHP 638 (+43.7%).
SDN Company.
099220.KQ · KRW · Industrials
−85.1%
upside to fair value
overvalued
PriceKRW 5,040
Fair ValueKRW 752
Quality42/100
Manila Electric
MER.PSE · PHP · Industrials
+43.7%
upside to fair value
undervalued
PricePHP 444
Fair ValuePHP 638
Quality55/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

SDN Company.Manila Electric
Valuation
n/aP/E (TTM)16.1×
n/aP/B0.06×
−85.1%Fair value upside+43.7%
n/aDividend yield8.1%
Profitability
4.5%Operating margin0.0%
0.19×EBIT margin trend (5Y)0.95×
1.5%Return on assets0.0%
Growth
57.9%Revenue growth (YoY)0.0%
-5.8%Avg. growth/yr (3Y)13.9%
1.8%Avg. growth/yr (5Y)8.7%
n/aValue creation/yr+33.1%
Balance & size
0.1×Interest coverage (EBIT/interest)11,258.3×
0.22×Debt / equity0.38×
n/aMarket cap$8B
weakGrowth qualitymixed

Manila Electric leads: 3 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

SDN Company.of which business quality 40 · market factors 15 Manila Electricof which business quality 51 · market factors 29
ProfitabilityMargins and returns on capital today
18
63
Quality GrowthAre margins and returns improving?
71
50
CashflowEarnings quality: real cash, not paper profit
34
23
Fin. StrengthBalance sheet, leverage, solvency risk
30
49
InvestmentDisciplined investing over empire-building
100
49
Low VolatilityCalm price path (market factor)
50
66
MomentumPrice trend over the last 3–12 months (market factor)
0
16
52W MomentumDistance to the 52-week high (market factor)
0
10
Net IssuanceShare count: buybacks or dilution?
15
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySDN Company.Price KRW 5,040Manila ElectricPrice PHP 444
DCF Models−83.0%below the priceKRW 859+56.6%above the pricePHP 696
Earnings-Basedn/a+24.0%above the pricePHP 551
Dividend Discountn/a+32.1%above the pricePHP 587
Multiples−89.5%below the priceKRW 528+157.0%above the pricePHP 1,141
Asset-Based−76.0%below the priceKRW 1,208−66.9%below the pricePHP 147
Growth DCF−81.3%below the priceKRW 944−92.1%below the pricePHP 35.11
Economic Profitn/a+31.3%above the pricePHP 583
Growth Earningsn/a+202.4%above the pricePHP 1,343
Minimum−89.5%below the priceKRW 528−92.1%below the pricePHP 35.11
Maximum−76.0%below the priceKRW 1,208+202.4%above the pricePHP 1,343
Median−82.1%below the priceKRW 902+31.7%above the pricePHP 585
Geometric mean−83.2%below the priceKRW 848−4.6%close to the pricePHP 424

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

SDN Company.: 9 of 9 models see the stock below the current price.

Manila Electric: 3 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

SDN Company.
Price KRW 5,040
Fair Value KRW 752
Bear KRW 449Bull KRW 1,097
Manila Electric
Price PHP 444
Fair Value PHP 638
Bear PHP 331Bull PHP 1,056

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

SDN Company. · Industrials

Quality score42 · bottom 25%
Fair value upside−85.1% · bottom 25%

Manila Electric · Industrials

Quality score55 · above median
Fair value upside+43.7% · Top 25%

Bottom line

As of Sep 27, 2026, Fair Value Calculator sees Manila Electric as the more attractively valued of the two: SDN Company. trades at KRW 5,040 versus a fair value of KRW 752 (−85.1%), while Manila Electric trades at PHP 444 versus PHP 638 (+43.7%).

Manila Electric has the higher quality score (55/100).

Open Manila Electric live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.