ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ACE - IT0001207098 - Common Stock
22.58 EUR
+0.3 (+1.35%)
ACE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 17 industry peers in the Multi-Utilities industry. ACE has an excellent profitability rating, but there are concerns on its financial health. ACE has a bad growth rate and is valued cheaply. Finally ACE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ACE had positive earnings in the past year.
In the past year ACE had a positive cash flow from operations.
In the past 5 years ACE has always been profitable.
Each year in the past 5 years ACE had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 4.79%, ACE belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
ACE has a Return On Equity of 23.63%. This is amongst the best in the industry. ACE outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.05%, ACE belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
ACE had an Average Return On Invested Capital over the past 3 years of 4.42%. This is in line with the industry average of 6.39%.
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 has a Profit Margin of 10.21%. This is amongst the best in the industry. ACE outperforms 82.35% of its industry peers.
ACE's Profit Margin has declined in the last couple of years.
ACE has a better Operating Margin (17.54%) than 82.35% of its industry peers.
In the last couple of years the Operating Margin of ACE has grown nicely.
ACE has a better Gross Margin (58.75%) than 76.47% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ACE is creating some value.
ACE has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ACE remains at a similar level compared to 5 years ago.
Compared to 1 year ago, ACE has an improved debt to assets ratio.
2.2 Solvency
ACE has an Altman-Z score of 1.09. 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 1.09, ACE is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
ACE has a debt to FCF ratio of 25.92. This is a negative value and a sign of low solvency as ACE would need 25.92 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 25.92, ACE is doing good in the industry, outperforming 70.59% of the companies in the same industry.
A Debt/Equity ratio of 2.13 is on the high side and indicates that ACE has dependencies on debt financing.
With a Debt to Equity ratio value of 2.13, ACE is not doing good in the industry: 82.35% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.09 |
ROIC/WACC1.45
WACC4.85%
2.3 Liquidity
A Current Ratio of 0.67 indicates that ACE may have some problems paying its short term obligations.
ACE has a Current ratio of 0.67. This is in the lower half of the industry: ACE underperforms 76.47% of its industry peers.
ACE has a Quick 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 has a worse Quick ratio (0.63) than 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.19% over the past year.
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 -1.87% on average per year.
EPS Next Y9.44%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
EPS Next 5Y3.14%
Revenue Next Year-16.3%
Revenue Next 2Y-7.54%
Revenue Next 3Y-4.03%
Revenue Next 5Y-1.87%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.04 indicates a reasonable valuation of ACE.
Based on the Price/Earnings ratio, ACE is valued cheaply inside the industry as 88.24% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.98, ACE is valued rather cheaply.
A Price/Forward Earnings ratio of 13.79 indicates a correct valuation of ACE.
ACE's Price/Forward Earnings is on the same level as the industry average.
ACE is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.04 | ||
| Fwd PE | 13.79 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ACE is cheaper than 64.71% of the companies in the same industry.
ACE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ACE is cheaper than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.14 | ||
| EV/EBITDA | 5.59 |
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)0.85
PEG (5Y)2.53
EPS Next 2Y2.96%
EPS Next 3Y2.66%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.16%, ACE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.55, ACE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, ACE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
5.2 History
The dividend of ACE is nicely growing with an annual growth rate of 15.14%!
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 2Y2.96%
EPS Next 3Y2.66%
BIT:ACE (11/26/2025, 5:35:15 PM)
22.58
+0.3 (+1.35%)
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 Cap4.81B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.52 (8.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
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)4.34%
PT rev (3m)4.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.36%
EPS NY rev (3m)-0.2%
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 | 8.04 | ||
| Fwd PE | 13.79 | ||
| P/S | 0.82 | ||
| P/FCF | 21.14 | ||
| P/OCF | 2.83 | ||
| P/B | 1.9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.59 |
EPS(TTM)2.81
EY12.44%
EPS(NY)1.64
Fwd EY7.25%
FCF(TTM)1.07
FCFY4.73%
OCF(TTM)7.98
OCFY35.34%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.85
PEG (5Y)2.53
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 | 1.09 |
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 Y9.44%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
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-7.54%
Revenue Next 3Y-4.03%
Revenue Next 5Y-1.87%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year101.61%
EBIT Next 3Y30.3%
EBIT Next 5Y23.31%
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 7 / 10 to ACEA SPA (ACE.MI). This can be considered as Undervalued.
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 3 / 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%.