ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ACE - IT0001207098 - Common Stock
21.88 EUR
+0.04 (+0.18%)
ACE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 17 industry peers in the Multi-Utilities industry. While ACE has a great profitability rating, there are quite some concerns on its financial health. ACE is cheap, but on the other hand it scores bad on growth. 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.
In the past 5 years ACE always reported a positive cash flow from operatings.
1.2 Ratios
ACE's Return On Assets of 4.79% is amongst the best of the industry. ACE outperforms 88.24% of its industry peers.
With an excellent Return On Equity value of 23.63%, ACE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ACE's Return On Invested Capital of 7.05% is amongst the best of the industry. ACE outperforms 82.35% of its industry peers.
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 5.90%.
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 in the better half of the industry: ACE outperforms 64.71% 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 64.71% of its industry peers.
ACE's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 58.75%, ACE is doing good in the industry, outperforming 64.71% of the companies in the same industry.
In the last couple of years the Gross Margin of ACE has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ACE is still 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.
ACE has a better debt/assets ratio than last year.
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.
With a decent Altman-Z score value of 1.09, ACE is doing good in the industry, outperforming 64.71% 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.
ACE has a Debt to FCF ratio of 25.92. This is in the better half of the industry: ACE outperforms 70.59% of its industry peers.
ACE has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ACE (2.13) is worse than 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.09 |
ROIC/WACC1.46
WACC4.82%
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 amonst the worse of the industry: ACE underperforms 82.35% 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.
With a Quick ratio value of 0.63, ACE is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been growing slightly by 3.17% on average over the past years.
ACE shows a decrease in Revenue. In the last year, the revenue decreased by -8.70%.
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)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
Based on estimates for the next years, ACE will show a small growth in Earnings Per Share. The EPS will grow by 3.14% on average per year.
ACE is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.41% yearly.
EPS Next Y27.4%
EPS Next 2Y3%
EPS Next 3Y2.73%
EPS Next 5Y3.14%
Revenue Next Year-16.04%
Revenue Next 2Y-7.48%
Revenue Next 3Y-3.95%
Revenue Next 5Y-3.41%
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
ACE is valuated cheaply with a Price/Earnings ratio of 7.79.
ACE's Price/Earnings ratio is rather cheap when compared to the industry. ACE is cheaper than 88.24% of the companies in the same industry.
ACE is valuated cheaply when we compare the Price/Earnings ratio to 26.43, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.35, the valuation of ACE can be described as correct.
ACE's Price/Forward Earnings is on the same level as the industry average.
ACE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.79 | ||
| Fwd PE | 13.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ACE is valued a bit cheaper than 76.47% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ACE is valued a bit cheaper than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.48 | ||
| EV/EBITDA | 5.54 |
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)0.28
PEG (5Y)2.46
EPS Next 2Y3%
EPS Next 3Y2.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.37%, ACE is a good candidate for dividend investing.
ACE's Dividend Yield is comparable with the industry average which is at 4.44.
Compared to an average S&P500 Dividend Yield of 1.87, ACE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
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.
ACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP26.7%
EPS Next 2Y3%
EPS Next 3Y2.73%
BIT:ACE (12/17/2025, 3:12:19 PM)
21.88
+0.04 (+0.18%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners6.63%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.66B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.72 (12.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
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)2.97%
PT rev (3m)5.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)16.41%
EPS NY rev (3m)16.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.79 | ||
| Fwd PE | 13.35 | ||
| P/S | 0.8 | ||
| P/FCF | 20.48 | ||
| P/OCF | 2.74 | ||
| P/B | 1.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.54 |
EPS(TTM)2.81
EY12.84%
EPS(NY)1.64
Fwd EY7.49%
FCF(TTM)1.07
FCFY4.88%
OCF(TTM)7.98
OCFY36.47%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.28
PEG (5Y)2.46
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
WACC4.82%
ROIC/WACC1.46
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 Y27.4%
EPS Next 2Y3%
EPS Next 3Y2.73%
EPS Next 5Y3.14%
Revenue 1Y (TTM)-8.7%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%-26.97%
Revenue Next Year-16.04%
Revenue Next 2Y-7.48%
Revenue Next 3Y-3.95%
Revenue Next 5Y-3.41%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year104.91%
EBIT Next 3Y30.77%
EBIT Next 5Y18.82%
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%.