ACEA SPA (ACE.MI) Stock Fundamental Analysis
BIT:ACE - Euronext Milan - IT0001207098 - Common Stock - Currency: EUR
Overall ACE gets a fundamental rating of 5 out of 10. We evaluated ACE against 13 industry peers in the Multi-Utilities industry. ACE scores excellent on profitability, but there are concerns on its financial health. ACE has a decent growth rate and is not valued too expensively. Finally ACE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ACE was profitable.
ACE had a positive operating cash flow in the past year.
Each year in the past 5 years ACE has been profitable.
In the past 5 years ACE always reported a positive cash flow from operatings.
1.2 Ratios
ACE has a Return On Assets of 4.31%. This is amongst the best in the industry. ACE outperforms 84.62% of its industry peers.
ACE's Return On Equity of 21.06% is amongst the best of the industry. ACE outperforms 84.62% of its industry peers.
The Return On Invested Capital of ACE (7.57%) is better than 76.92% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ACE is below the industry average of 6.44%.
The 3 year average ROIC (4.42%) for ACE is below the current ROIC(7.57%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 21.06% | ||
| ROIC | 7.57% |
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 8.35% is amongst the best of the industry. ACE outperforms 84.62% of its industry peers.
ACE's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 15.83%, ACE belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
In the last couple of years the Operating Margin of ACE has grown nicely.
ACE's Gross Margin of 54.96% is fine compared to the rest of the industry. ACE outperforms 76.92% of its industry peers.
ACE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.83% | ||
| PM (TTM) | 8.35% | ||
| GM | 54.96% |
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.
ACE has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ACE has about the same amount of shares outstanding.
Compared to 1 year ago, ACE has an improved debt to assets ratio.
2.2 Solvency
ACE has an Altman-Z score of 1.11. This is a bad value and indicates that ACE is not financially healthy and even has some risk of bankruptcy.
ACE has a better Altman-Z score (1.11) than 61.54% of its industry peers.
ACE has a debt to FCF ratio of 17.26. This is a negative value and a sign of low solvency as ACE would need 17.26 years to pay back of all of its debts.
The Debt to FCF ratio of ACE (17.26) is comparable to the rest of the industry.
A Debt/Equity ratio of 2.00 is on the high side and indicates that ACE has dependencies on debt financing.
ACE's Debt to Equity ratio of 2.00 is on the low side compared to the rest of the industry. ACE is outperformed by 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 17.26 | ||
| Altman-Z | 1.11 |
ROIC/WACC1.58
WACC4.8%
2.3 Liquidity
ACE has a Current Ratio of 0.69. This is a bad value and indicates that ACE is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of ACE (0.69) is worse than 84.62% of its industry peers.
A Quick Ratio of 0.65 indicates that ACE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.65, ACE is doing worse than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
ACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.43%, which is quite impressive.
ACE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.17% yearly.
The Revenue has decreased by -4.85% in the past year.
Measured over the past years, ACE shows a small growth in Revenue. The Revenue has been growing by 6.09% on average per year.
EPS 1Y (TTM)22.43%
EPS 3Y1.91%
EPS 5Y3.17%
EPS Q2Q%18.69%
Revenue 1Y (TTM)-4.85%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%7.44%
3.2 Future
The Earnings Per Share is expected to grow by 4.22% on average over the next years.
Based on estimates for the next years, ACE will show a small growth in Revenue. The Revenue will grow by 0.47% on average per year.
EPS Next Y16.78%
EPS Next 2Y1.93%
EPS Next 3Y3.76%
EPS Next 5Y4.22%
Revenue Next Year-4.71%
Revenue Next 2Y-2.01%
Revenue Next 3Y-0.85%
Revenue Next 5Y0.47%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 8.05 indicates a reasonable valuation of ACE.
Based on the Price/Earnings ratio, ACE is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ACE to the average of the S&P500 Index (27.21), we can say ACE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 12.80, the valuation of ACE can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as ACE.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, ACE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.05 | ||
| Fwd PE | 12.8 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ACE is valued a bit cheaper than 61.54% of the companies in the same industry.
ACE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.35 | ||
| EV/EBITDA | 5.57 |
4.3 Compensation for Growth
ACE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.48
PEG (5Y)2.54
EPS Next 2Y1.93%
EPS Next 3Y3.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.67%, ACE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.12, ACE pays a bit more dividend than its industry peers.
ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
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 28.32% of its income as dividend. This is a sustainable payout ratio.
ACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP28.32%
EPS Next 2Y1.93%
EPS Next 3Y3.76%
BIT:ACE (7/1/2025, 7:00:00 PM)
20.54
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners7%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.37B
Analysts82.22
Price Target22.03 (7.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
Yearly Dividend0.7
Dividend Growth(5Y)15.14%
DP28.32%
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)6.4%
PT rev (3m)6.4%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.05 | ||
| Fwd PE | 12.8 | ||
| P/S | 0.69 | ||
| P/FCF | 13.35 | ||
| P/OCF | 2.48 | ||
| P/B | 1.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.57 |
EPS(TTM)2.55
EY12.41%
EPS(NY)1.6
Fwd EY7.81%
FCF(TTM)1.54
FCFY7.49%
OCF(TTM)8.29
OCFY40.38%
SpS29.65
BVpS11.76
TBVpS-10.11
PEG (NY)0.48
PEG (5Y)2.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 21.06% | ||
| ROCE | 11.27% | ||
| ROIC | 7.57% | ||
| ROICexc | 7.74% | ||
| ROICexgc | 16.44% | ||
| OM | 15.83% | ||
| PM (TTM) | 8.35% | ||
| GM | 54.96% | ||
| FCFM | 5.19% |
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%
ROICexcg growth 3Y3.65%
ROICexcg 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 Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 17.26 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 202.96% | ||
| Cap/Sales | 22.79% | ||
| Interest Coverage | 5.58 | ||
| Cash Conversion | 103.4% | ||
| Profit Quality | 62.1% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 1.11 |
F-Score6
WACC4.8%
ROIC/WACC1.58
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)22.43%
EPS 3Y1.91%
EPS 5Y3.17%
EPS Q2Q%18.69%
EPS Next Y16.78%
EPS Next 2Y1.93%
EPS Next 3Y3.76%
EPS Next 5Y4.22%
Revenue 1Y (TTM)-4.85%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%7.44%
Revenue Next Year-4.71%
Revenue Next 2Y-2.01%
Revenue Next 3Y-0.85%
Revenue Next 5Y0.47%
EBIT growth 1Y20.34%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year116.35%
EBIT Next 3Y33.18%
EBIT Next 5Y26.22%
FCF growth 1Y1130.95%
FCF growth 3Y29.26%
FCF growth 5Y-3.89%
OCF growth 1Y59%
OCF growth 3Y31.42%
OCF growth 5Y16.3%