EN DE
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 Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Manila Electric as the more attractively valued of the two: AC Energy Philippines trades at PHP 2.73 versus a fair value of PHP 2.05 (-25%), while Manila Electric trades at PHP 460 versus PHP 661 (+44%).
AC Energy Philippines
ACEN.PSE · PHP · Industrials
-25%
upside to fair value
overvalued
PricePHP 2.73
Fair ValuePHP 2.05
Quality41/100
Manila Electric
MER.PSE · PHP · Industrials
+44%
upside to fair value
undervalued
PricePHP 460
Fair ValuePHP 661
Quality55/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

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×
−24.9%Fair value upside+43.5%
4.4%Dividend yield8.1%
Profitability
0%Operating margin0%
293.00×EBIT margin trend (5Y)0.95×
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%
−15.6%Value creation/yr+22.9%
Balance & size
1.7×Interest coverage (EBIT/interest)11,258.3×
0.82×Debt / equity0.38×
$2BMarket cap$5B
mixedGrowth qualitymixed

Manila Electric leads: 2 to 7 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 43 Manila Electricof which business quality 51 · market factors 33
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)
41
66
MomentumPrice trend over the last 3–12 months (market factor)
44
24
52W MomentumDistance to the 52-week high (market factor)
43
11
Net IssuanceBuybacks instead of dilution
76
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 familyAC Energy PhilippinesPrice PHP 2.73Manila ElectricPrice PHP 460
DCF Modelsn/a+68%above the pricePHP 774
Earnings-Based0%close to the pricePHP 2.73+32%above the pricePHP 607
Dividend Discount-22%below the pricePHP 2.13+55%above the pricePHP 712
Multiples-28%below the pricePHP 1.96+157%above the pricePHP 1,183
Asset-Based-5%close to the pricePHP 2.60-67%below the pricePHP 152
Growth DCFn/a-89%below the pricePHP 49.03
Economic Profit+19%above the pricePHP 3.24+54%above the pricePHP 707
Growth Earnings+64%above the pricePHP 4.49+202%above the pricePHP 1,392
Minimum-28%below the pricePHP 1.96-89%below the pricePHP 49.03
Maximum+64%above the pricePHP 4.49+202%above the pricePHP 1,392
Median-2%close to the pricePHP 2.67+54%above the pricePHP 710
Geometric mean+1%close to the pricePHP 2.75+5%close to the pricePHP 482

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%.

AC Energy Philippines: 6 of 13 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 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 1.53Fair Value PHP 2.05Bull PHP 2.99
PHP 2.73 = current price (white tick)
Manila Electric
Bear PHP 378Fair Value PHP 661Bull PHP 1,439
PHP 460 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

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-25% · below median

Manila Electric · Industrials

Quality score55 · above median
Fair value upside+44% · Top 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Manila Electric as the more attractively valued of the two: AC Energy Philippines trades at PHP 2.73 versus a fair value of PHP 2.05 (-25%), while Manila Electric trades at PHP 460 versus PHP 661 (+44%).

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

See the full analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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