ACEA SPA (ACE.MI) Fundamental Analysis & Valuation

BIT:ACE • IT0001207098

Current stock price

23.06 EUR
+0.14 (+0.61%)
Last:

This ACE.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. ACE.MI Profitability Analysis

1.1 Basic Checks

  • In the past year ACE was profitable.
  • In the past year ACE had a positive cash flow from operations.
  • In the past 5 years ACE has always been profitable.
  • ACE had a positive operating cash flow in each of the past 5 years.
ACE.MI Yearly Net Income VS EBIT VS OCF VS FCFACE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

1.2 Ratios

  • With an excellent Return On Assets value of 5.98%, ACE belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • The Return On Equity of ACE (27.59%) is better than 100.00% of its industry peers.
  • ACE's Return On Invested Capital of 6.20% is fine compared to the rest of the industry. ACE outperforms 62.50% of its industry peers.
Industry RankSector Rank
ROA 5.98%
ROE 27.59%
ROIC 6.2%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ACE.MI Yearly ROA, ROE, ROICACE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 16.67%, ACE belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • ACE's Profit Margin has improved in the last couple of years.
  • ACE has a better Operating Margin (19.27%) than 75.00% of its industry peers.
  • ACE's Operating Margin has improved in the last couple of years.
  • The Gross Margin of ACE (64.31%) is better than 75.00% of its industry peers.
  • In the last couple of years the Gross Margin of ACE has grown nicely.
Industry RankSector Rank
OM 19.27%
PM (TTM) 16.67%
GM 64.31%
OM growth 3Y29.96%
OM growth 5Y10.44%
PM growth 3Y44.53%
PM growth 5Y13.91%
GM growth 3Y10.47%
GM growth 5Y1.62%
ACE.MI Yearly Profit, Operating, Gross MarginsACE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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2

2. ACE.MI Health Analysis

2.1 Basic Checks

  • ACE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for ACE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ACE.MI Yearly Shares OutstandingACE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
ACE.MI Yearly Total Debt VS Total AssetsACE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • ACE has an Altman-Z score of 0.98. This is a bad value and indicates that ACE is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.98, ACE is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of ACE is 24.31, which is on the high side as it means it would take ACE, 24.31 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of ACE (24.31) is better than 81.25% of its industry peers.
  • ACE has a Debt/Equity ratio of 1.77. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.77, ACE is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.77
Debt/FCF 24.31
Altman-Z 0.98
ROIC/WACC0.96
WACC6.48%
ACE.MI Yearly LT Debt VS Equity VS FCFACE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.69 indicates that ACE may have some problems paying its short term obligations.
  • ACE's Current ratio of 0.69 is on the low side compared to the rest of the industry. ACE is outperformed by 87.50% of its industry peers.
  • A Quick Ratio of 0.64 indicates that ACE may have some problems paying its short term obligations.
  • ACE has a Quick ratio of 0.64. This is amonst the worse of the industry: ACE underperforms 81.25% of its industry peers.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.64
ACE.MI Yearly Current Assets VS Current LiabilitesACE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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3

3. ACE.MI Growth Analysis

3.1 Past

  • ACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.70%, which is quite impressive.
  • Measured over the past years, ACE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.01% on average per year.
  • ACE shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -27.11%.
  • Measured over the past years, ACE shows a decrease in Revenue. The Revenue has been decreasing by -2.54% on average per year.
EPS 1Y (TTM)44.7%
EPS 3Y19.75%
EPS 5Y11.01%
EPS Q2Q%58.16%
Revenue 1Y (TTM)-27.11%
Revenue growth 3Y-17.13%
Revenue growth 5Y-2.54%
Sales Q2Q%-34.33%

3.2 Future

  • The Earnings Per Share is expected to decrease by -6.59% 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 -1.54% on average per year.
EPS Next Y-24.18%
EPS Next 2Y-12.52%
EPS Next 3Y-6.59%
EPS Next 5YN/A
Revenue Next Year-8.87%
Revenue Next 2Y-2.47%
Revenue Next 3Y-1.54%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ACE.MI Yearly Revenue VS EstimatesACE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B 5B
ACE.MI Yearly EPS VS EstimatesACE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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7

4. ACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • ACE is valuated cheaply with a Price/Earnings ratio of 6.42.
  • 100.00% of the companies in the same industry are more expensive than ACE, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, ACE is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 14.18, ACE is valued correctly.
  • Based on the Price/Forward Earnings ratio, ACE is valued a bit cheaper than 62.50% of the companies in the same industry.
  • ACE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.69.
Industry RankSector Rank
PE 6.42
Fwd PE 14.18
ACE.MI Price Earnings VS Forward Price EarningsACE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 81.25% of the companies in the same industry are more expensive than ACE, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ACE is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 21.09
EV/EBITDA 6.27
ACE.MI Per share dataACE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • ACE has an outstanding profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as ACE's earnings are expected to decrease with -6.59% in the coming years.
PEG (NY)N/A
PEG (5Y)0.58
EPS Next 2Y-12.52%
EPS Next 3Y-6.59%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ACE.MI Dividend Analysis

5.1 Amount

  • ACE has a Yearly Dividend Yield of 4.34%, which is a nice return.
  • ACE's Dividend Yield is comparable with the industry average which is at 4.29.
  • ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.34%

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 20.79% of its income as dividend. This is a sustainable payout ratio.
DP20.79%
EPS Next 2Y-12.52%
EPS Next 3Y-6.59%
ACE.MI Yearly Income VS Free CF VS DividendACE.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M
ACE.MI Dividend Payout.ACE.MI Dividend Payout, showing the Payout Ratio.ACE.MI Dividend Payout.PayoutRetained Earnings

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ACE.MI Fundamentals: All Metrics, Ratios and Statistics

ACEA SPA

BIT:ACE (4/8/2026, 7:00:00 PM)

23.06

+0.14 (+0.61%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)03-12
Earnings (Next)05-14
Inst Owners6.95%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.91B
Revenue(TTM)4.60B
Net Income(TTM)767.17M
Analysts86.67
Price Target26.21 (13.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.34%
Yearly Dividend0.7
Dividend Growth(5Y)15.14%
DP20.79%
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)3.21%
PT rev (3m)6.02%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-11.41%
Revenue NY rev (3m)-13.72%
Valuation
Industry RankSector Rank
PE 6.42
Fwd PE 14.18
P/S 1.07
P/FCF 21.09
P/OCF 2.78
P/B 1.77
P/tB N/A
EV/EBITDA 6.27
EPS(TTM)3.59
EY15.57%
EPS(NY)1.63
Fwd EY7.05%
FCF(TTM)1.09
FCFY4.74%
OCF(TTM)8.28
OCFY35.92%
SpS21.61
BVpS13.06
TBVpS-10.26
PEG (NY)N/A
PEG (5Y)0.58
Graham Number32.48
Profitability
Industry RankSector Rank
ROA 5.98%
ROE 27.59%
ROCE 9%
ROIC 6.2%
ROICexc 6.67%
ROICexgc 14.57%
OM 19.27%
PM (TTM) 16.67%
GM 64.31%
FCFM 5.06%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y29.96%
OM growth 5Y10.44%
PM growth 3Y44.53%
PM growth 5Y13.91%
GM growth 3Y10.47%
GM growth 5Y1.62%
F-Score6
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 1.77
Debt/FCF 24.31
Debt/EBITDA 3.16
Cap/Depr 227.56%
Cap/Sales 33.27%
Interest Coverage 5.68
Cash Conversion 113.12%
Profit Quality 30.35%
Current Ratio 0.69
Quick Ratio 0.64
Altman-Z 0.98
F-Score6
WACC6.48%
ROIC/WACC0.96
Cap/Depr(3y)201.94%
Cap/Depr(5y)179.42%
Cap/Sales(3y)37.44%
Cap/Sales(5y)29.79%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)44.7%
EPS 3Y19.75%
EPS 5Y11.01%
EPS Q2Q%58.16%
EPS Next Y-24.18%
EPS Next 2Y-12.52%
EPS Next 3Y-6.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-27.11%
Revenue growth 3Y-17.13%
Revenue growth 5Y-2.54%
Sales Q2Q%-34.33%
Revenue Next Year-8.87%
Revenue Next 2Y-2.47%
Revenue Next 3Y-1.54%
Revenue Next 5YN/A
EBIT growth 1Y-11.28%
EBIT growth 3Y7.7%
EBIT growth 5Y7.64%
EBIT Next Year133.39%
EBIT Next 3Y36.9%
EBIT Next 5Y27.51%
FCF growth 1Y-28.91%
FCF growth 3YN/A
FCF growth 5Y-4.16%
OCF growth 1Y-0.13%
OCF growth 3Y25.83%
OCF growth 5Y15.45%

ACEA SPA / ACE.MI Fundamental Analysis 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 of ACEA SPA (ACE.MI) stock?

ChartMill assigns a valuation rating of 7 / 10 to ACEA SPA (ACE.MI). This can be considered as Undervalued.


How profitable is ACEA SPA (ACE.MI) stock?

ACEA SPA (ACE.MI) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for ACE stock?

The Price/Earnings (PE) ratio for ACEA SPA (ACE.MI) is 6.42 and the Price/Book (PB) ratio is 1.77.


Can you provide the dividend sustainability for ACE stock?

The dividend rating of ACEA SPA (ACE.MI) is 7 / 10 and the dividend payout ratio is 20.79%.