ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - BIT:ACE - IT0001207098 - Common Stock
21.48 EUR
-0.06 (-0.28%)
Taking everything into account, ACE scores 5 out of 10 in our fundamental rating. ACE was compared to 15 industry peers in the Multi-Utilities industry. ACE has an excellent profitability rating, but there are concerns on its financial health. ACE has a valuation in line with the averages, but it does not seem to be growing. Finally ACE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ACE had positive earnings in the past year.
ACE had a positive operating cash flow in the past year.
In the past 5 years ACE has always been profitable.
In the past 5 years ACE always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 4.79%, ACE belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
The Return On Equity of ACE (23.63%) is better than 100.00% of its industry peers.
ACE has a Return On Invested Capital of 7.05%. This is in the better half of the industry: ACE outperforms 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ACE is in line with the industry average of 6.38%.
The last Return On Invested Capital (7.05%) for ACE is above the 3 year average (4.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 23.63% | ||
| ROIC | 7.05% |
ROA(3y)2.56%
ROA(5y)2.71%
ROE(3y)12.6%
ROE(5y)13.41%
ROIC(3y)4.42%
ROIC(5y)4.33%
1.3 Margins
ACE's Profit Margin of 10.21% is fine compared to the rest of the industry. ACE outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of ACE has declined.
ACE has a better Operating Margin (17.54%) than 80.00% of its industry peers.
ACE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 58.75%, ACE is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
ACE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.54% | ||
| PM (TTM) | 10.21% | ||
| GM | 58.75% |
OM growth 3Y4.06%
OM growth 5Y2.45%
PM growth 3Y-0.18%
PM growth 5Y-2.75%
GM growth 3Y4.23%
GM growth 5Y2.24%
2. Health
2.1 Basic Checks
ACE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ACE remains at a similar level compared to 1 year ago.
ACE has about the same amout of shares outstanding than it did 5 years ago.
ACE has a better debt/assets ratio than last year.
2.2 Solvency
ACE has an Altman-Z score of 1.08. This is a bad value and indicates that ACE is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.08, ACE is in line with its industry, outperforming 60.00% of the companies in the same industry.
The Debt to FCF ratio of ACE is 25.92, which is on the high side as it means it would take ACE, 25.92 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ACE (25.92) is comparable to the rest of the industry.
A Debt/Equity ratio of 2.13 is on the high side and indicates that ACE has dependencies on debt financing.
ACE has a Debt to Equity ratio of 2.13. This is amonst the worse of the industry: ACE underperforms 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.08 |
ROIC/WACC1.45
WACC4.85%
2.3 Liquidity
ACE has a Current Ratio of 0.67. This is a bad value and indicates that ACE is not financially healthy enough and could expect problems in meeting its short term obligations.
ACE's Current ratio of 0.67 is on the low side compared to the rest of the industry. ACE is outperformed by 80.00% of its industry peers.
A Quick Ratio of 0.63 indicates that ACE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.63, ACE is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
ACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.19%, which is quite impressive.
Measured over the past 5 years, ACE shows a small growth in Earnings Per Share. The EPS has been growing by 3.17% on average per year.
The Revenue has decreased by -8.70% in the past year.
ACE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.09% yearly.
EPS 1Y (TTM)26.19%
EPS 3Y1.91%
EPS 5Y3.17%
EPS Q2Q%31.22%
Revenue 1Y (TTM)-8.7%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%-26.97%
3.2 Future
The Earnings Per Share is expected to grow by 3.14% on average over the next years.
Based on estimates for the next years, ACE will show a decrease in Revenue. The Revenue will decrease by -1.91% on average per year.
EPS Next Y9.05%
EPS Next 2Y1.49%
EPS Next 3Y2.58%
EPS Next 5Y3.14%
Revenue Next Year-16.3%
Revenue Next 2Y-7.57%
Revenue Next 3Y-4.05%
Revenue Next 5Y-1.91%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.64 indicates a rather cheap valuation of ACE.
Compared to the rest of the industry, the Price/Earnings ratio of ACE indicates a rather cheap valuation: ACE is cheaper than 86.67% of the companies listed in the same industry.
ACE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.03.
A Price/Forward Earnings ratio of 13.50 indicates a correct valuation of ACE.
60.00% of the companies in the same industry are cheaper than ACE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ACE to the average of the S&P500 Index (22.27), we can say ACE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.64 | ||
| Fwd PE | 13.5 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is in line with the industry average.
66.67% of the companies in the same industry are more expensive than ACE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.11 | ||
| EV/EBITDA | 5.5 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of ACE may justify a higher PE ratio.
PEG (NY)0.84
PEG (5Y)2.41
EPS Next 2Y1.49%
EPS Next 3Y2.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.48%, ACE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.84, ACE has a dividend in line with its industry peers.
ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
5.2 History
On average, the dividend of ACE grows each year by 15.14%, which is quite nice.
Dividend Growth(5Y)15.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ACE pays out 26.70% of its income as dividend. This is a sustainable payout ratio.
The dividend of ACE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP26.7%
EPS Next 2Y1.49%
EPS Next 3Y2.58%
BIT:ACE (11/4/2025, 7:00:00 PM)
21.48
-0.06 (-0.28%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners6.57%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.57B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.01 (11.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
Yearly Dividend0.7
Dividend Growth(5Y)15.14%
DP26.7%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.17%
PT rev (3m)6.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.64 | ||
| Fwd PE | 13.5 | ||
| P/S | 0.78 | ||
| P/FCF | 20.11 | ||
| P/OCF | 2.69 | ||
| P/B | 1.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.5 |
EPS(TTM)2.81
EY13.08%
EPS(NY)1.59
Fwd EY7.4%
FCF(TTM)1.07
FCFY4.97%
OCF(TTM)7.98
OCFY37.15%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.84
PEG (5Y)2.41
Graham Number27.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 23.63% | ||
| ROCE | 10.8% | ||
| ROIC | 7.05% | ||
| ROICexc | 7.42% | ||
| ROICexgc | 14.65% | ||
| OM | 17.54% | ||
| PM (TTM) | 10.21% | ||
| GM | 58.75% | ||
| FCFM | 3.88% |
ROA(3y)2.56%
ROA(5y)2.71%
ROE(3y)12.6%
ROE(5y)13.41%
ROIC(3y)4.42%
ROIC(5y)4.33%
ROICexc(3y)4.88%
ROICexc(5y)4.87%
ROICexgc(3y)11.23%
ROICexgc(5y)10.84%
ROCE(3y)6.58%
ROCE(5y)6.46%
ROICexgc growth 3Y3.65%
ROICexgc growth 5Y-0.24%
ROICexc growth 3Y0.82%
ROICexc growth 5Y-0.78%
OM growth 3Y4.06%
OM growth 5Y2.45%
PM growth 3Y-0.18%
PM growth 5Y-2.75%
GM growth 3Y4.23%
GM growth 5Y2.24%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Debt/EBITDA | 3.15 | ||
| Cap/Depr | 215.48% | ||
| Cap/Sales | 25.14% | ||
| Interest Coverage | 6.09 | ||
| Cash Conversion | 99.36% | ||
| Profit Quality | 38.05% | ||
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 1.08 |
F-Score6
WACC4.85%
ROIC/WACC1.45
Cap/Depr(3y)184.97%
Cap/Depr(5y)156.88%
Cap/Sales(3y)26.71%
Cap/Sales(5y)22.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.19%
EPS 3Y1.91%
EPS 5Y3.17%
EPS Q2Q%31.22%
EPS Next Y9.05%
EPS Next 2Y1.49%
EPS Next 3Y2.58%
EPS Next 5Y3.14%
Revenue 1Y (TTM)-8.7%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%-26.97%
Revenue Next Year-16.3%
Revenue Next 2Y-7.57%
Revenue Next 3Y-4.05%
Revenue Next 5Y-1.91%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year101.61%
EBIT Next 3Y30.3%
EBIT Next 5Y23.26%
FCF growth 1Y-56.11%
FCF growth 3Y29.26%
FCF growth 5Y-3.89%
OCF growth 1Y95.28%
OCF growth 3Y31.42%
OCF growth 5Y16.3%
ACEA SPA / ACE.MI FAQ
What is the ChartMill fundamental rating of ACEA SPA (ACE.MI) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ACE.MI.
What is the valuation status for ACE stock?
ChartMill assigns a valuation rating of 6 / 10 to ACEA SPA (ACE.MI). This can be considered as Fairly Valued.
What is the profitability of ACE stock?
ACEA SPA (ACE.MI) has a profitability rating of 8 / 10.
What is the financial health of ACEA SPA (ACE.MI) stock?
The financial health rating of ACEA SPA (ACE.MI) is 2 / 10.
Is the dividend of ACEA SPA sustainable?
The dividend rating of ACEA SPA (ACE.MI) is 7 / 10 and the dividend payout ratio is 26.7%.