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ACEN Fair Value & Analysis

Utilities · PH · Market cap 104B PHP

A ACEN ACEN · PSE
Price3.00 PHP
Fair Value2.49 PHP
Upside-17.0%
Quality41/100
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Mixed Growth
Thin margins · 0.0% net margin
Moderate debt
Trails peers (1/8)
Moderate moat 49/100
Evidence: High Range 1.83 PHP – 3.21 PHP Share as image

Fair value as of: Jul 10, 2026

From 13 valuation models · updated 30 days ago

Fair value updated Jul 10, 2026, revised from 5.27 PHP to 2.49 PHP (−52.8%) since Jun 24, 2026. Share price −6.3% over the past month.

Below-average quality, and screening another 17% overvalued on our models.

What matters now

  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from 1.83 PHP (bear) to 3.21 PHP (bull), base 2.49 PHP. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

12.16 PHP 2.13 PHP Fair Value 2.49 PHP Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

60‑month range 2.13 PHP – 12.16 PHP · fair‑value band 1.83 PHP – 3.21 PHP · the 3.00 PHP price screens above the 2.49 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

ACEN (ACEN) currently trades at 3.00 PHP, while our model-based Fair Value estimate is 2.49 PHP, implying the stock looks roughly 17.0% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

The stock trades on a trailing P/E of 28.2. Fundamentals as of Jul 10, 2026

Our scenario range runs from 1.83 PHP (bear case) to 3.21 PHP (bull case); at 3.00 PHP, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 43% above its 52-week low. For context, the median of 10 Utilities peers we cover trades at 34% fair-value upside, at -17%, ACEN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 3.41 PHP 3.56 PHP 3.68 PHP 76
Gordon GGM 1.22 PHP 2.54 PHP 4.03 PHP 70
Growth-Adj P/E 3.46 PHP 4.94 PHP 6.42 PHP 68
All 13 models by family
Earnings-Based
Graham-Dodd 1.84 PHP 8.12 PHP 11.12 PHP 54
Lynch FV 2.10 PHP 3.00 PHP 3.90 PHP 50
PEG = 1.0 2.10 PHP 3.00 PHP 3.90 PHP 46
Dividend Discount
Gordon GGM 1.22 PHP 2.54 PHP 4.03 PHP 70
DDM Multi-Stage 1.22 PHP 2.14 PHP 2.67 PHP 61
Multiples
P/E Multiple 4.26 PHP 5.68 PHP 7.11 PHP 63
P/S Multiple 1.62 PHP 2.16 PHP 2.70 PHP 58
P/B Multiple 3.45 PHP 4.60 PHP 5.75 PHP 55
EV/EBIT 0.7400 PHP 2.09 PHP 3.43 PHP 53
EV/EBITDA 0.5200 PHP 1.80 PHP 3.07 PHP 54
Asset-Based
NCAV (Graham) 2.13 PHP 2.86 PHP 4.27 PHP 50
Economic Profit
Residual Income 3.41 PHP 3.56 PHP 3.68 PHP 76
Growth Earnings
Growth-Adj P/E 3.46 PHP 4.94 PHP 6.42 PHP 68

Widest divergence: Growth Earnings (4.94 PHP) versus Dividend Discount (2.14 PHP). Highest evidence: Residual Income (76).

Key figures & financial health

Return on equity 2,004%
P/E ratio 28.2
EPS (TTM) 0.2305 PHP

Figures from reported company fundamentals · as of Jul 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 41 · Market factors (momentum, volatility) 50

Profitability 35
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 2
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

ACEN reported revenue of 37.3B PHP in FY2024 versus 20.5B PHP in FY2020, a compound +16.2%/yr. Reported net income was 9.4B PHP in FY2024, compounding +21.5%/yr from FY2020.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
37.3B PHP
Latest YoY
+2.2%
Avg. growth/yr (3Y)
+12.7%
Avg. growth/yr (5Y)
+18.3%
Avg. growth/yr (9Y)
+12.0%
Revenue +16.2%/yr
FY20 20.5B PHP
FY21 26.1B PHP
FY22 35.2B PHP
FY23 36.5B PHP
FY24 37.3B PHP
Net income +21.5%/yr
FY20 4.3B PHP
FY21 5.3B PHP
FY22 13.1B PHP
FY23 7.4B PHP
FY24 9.4B PHP

ACEN screens 17% overvalued. Compare with MER →

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Cite: Fair Value Calculator (2026). "ACEN Fair Value". https://www.fairvalue-calculator.com/stock/ACEN

Peer Group

Industrials · 5353 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Electrical Utilities & IPPs” was too small, so the broader sector is used.)

Quality Score 41 · Bottom 25%
Fair Value upside −17% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Debt / equity 0.82× · Higher than 75% of peers

Valuation Multiples vs Industrials median · lower = cheaper

P/E (TTM) 28.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 11 · sector 6
FUTURE 0 · sector 23
PAST 0 · sector 27
HEALTH 59 · sector 94
DIVIDEND 0 · sector 30

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Utilities & IPPs stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
MER MER 578.00 PHP 988.27 PHP +71%
AEV AEV 32.95 PHP 37.67 PHP +14%
INDIGRIDIV INDIGRIDIV ₹177.50 ₹96.05 -46%
SGP SGP 26.50 PHP 70.96 PHP +168%
SPC SPC 10.46 PHP 4.73 PHP -55%
VVT VVT 20.20 PHP 69.79 PHP +245%
SPNEC SPNEC 1.43 PHP 5.27 PHP +269%
Entergy New Orleans, LLC ENO $21.21 $25.69 +21%
SDN Company 099220 678.00 KRW 497.39 KRW -27%
Tennessee Valley Authority TVE $23.60 $31.64 +34%

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Frequently asked questions

Is ACEN overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 2.49 PHP versus a price of 3.00 PHP, about −17% (overvalued).
What is the fair value of ACEN?
Our model-based fair value for ACEN is 2.49 PHP (as of Jul 10, 2026), built from audited fundamentals. The current price is 3.00 PHP.
What is the quality score of ACEN?
ACEN has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of ACEN?
The net profit margin of ACEN is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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