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STOCK COMPARISON

AC Energy Philippines vs Manila Electric: Fair Value & Quality

Both stocks run through our valuation models. Here is how AC Energy Philippines (ACEN) and Manila Electric (MER) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Manila Electric as the more attractively valued of the two: AC Energy Philippines trades at PHP 3.00 versus a fair value of PHP 2.49 (-17%), while Manila Electric trades at PHP 578 versus PHP 988 (+71%).
AC Energy Philippines
ACEN.PSE · PHP · Industrials
-17%
upside to fair value
overvalued
PricePHP 3.00
Fair ValuePHP 2.49
Quality41/100
Manila Electric
MER.PSE · PHP · Industrials
+71%
upside to fair value
undervalued
PricePHP 578
Fair ValuePHP 988
Quality55/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

AC Energy PhilippinesManila Electric
Valuation
28.2×P/E (TTM)16.1×
Profitability
0%Net margin0%
0%Operating margin0%
0%Return on assets0%
Growth
0%Revenue growth (YoY)0%
12.7%Avg. growth/yr (3Y)13.9%
18.3%Avg. growth/yr (5Y)8.7%
Balance & size
0.82×Debt / equity0.38×
$2BMarket cap$5B
mixedGrowth qualitymixed

Manila Electric leads: 1 to 3 metric wins.

Dash = 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.

AC Energy Philippinesof which business quality 41 · market factors 50 Manila Electricof which business quality 51 · market factors 54
ProfitabilityMargins and returns on capital today
35
63
Quality GrowthAre margins and returns improving?
55
50
CashflowEarnings quality: real cash, not paper profit
50
23
Fin. StrengthBalance sheet, leverage, solvency risk
27
49
InvestmentDisciplined investing over empire-building
2
49
Low VolatilityCalm price path (market factor)
42
79
MomentumPrice trend over the last 3–12 months (market factor)
50
43
52W MomentumDistance to the 52-week high (market factor)
59
45
Net IssuanceBuybacks instead of dilution
76
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

AC Energy Philippines

Earnings-BasedPHP 3.00
Dividend DiscountPHP 2.34
MultiplesPHP 2.16
Asset-BasedPHP 2.86
Economic ProfitPHP 3.56
Growth EarningsPHP 4.94

6 of 13 models see the stock below the current price.

Manila Electric

DCF ModelsPHP 971
Earnings-BasedPHP 763
Dividend DiscountPHP 894
MultiplesPHP 1,485
Asset-BasedPHP 191
Growth DCFPHP 61.56
Economic ProfitPHP 888
Growth EarningsPHP 1,748

3 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

AC Energy Philippines
Bear PHP 1.83Fair Value PHP 2.49Bull PHP 3.21
PHP 3.00 = current price (white tick)
Manila Electric
Bear PHP 604Fair Value PHP 988Bull PHP 1,896
PHP 578 = current price (white tick)

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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.

AC Energy Philippines · Industrials

Quality score41 · bottom 25%
Fair value upside-17% · above median

Manila Electric · Industrials

Quality score55 · above median
Fair value upside+71% · Top 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Manila Electric as the more attractively valued of the two: AC Energy Philippines trades at PHP 3.00 versus a fair value of PHP 2.49 (-17%), while Manila Electric trades at PHP 578 versus PHP 988 (+71%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.