ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ACE - IT0001207098 - Common Stock
21.93 EUR
+0.01 (+0.05%)
Taking everything into account, ACE scores 5 out of 10 in our fundamental rating. ACE was compared to 18 industry peers in the Multi-Utilities industry. ACE scores excellent on profitability, but there are 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
In the past year ACE was profitable.
In the past year ACE had a positive cash flow from operations.
Each year in the past 5 years ACE has been profitable.
Each year in the past 5 years ACE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.79%, ACE belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
The Return On Equity of ACE (23.63%) is better than 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 7.05%, ACE belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ACE is in line with the industry average of 5.73%.
The 3 year average ROIC (4.42%) for ACE is below the current ROIC(7.05%), indicating increased profibility in the last year.
| 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 61.11% of its industry peers.
In the last couple of years the Profit Margin of ACE has declined.
The Operating Margin of ACE (17.54%) is better than 61.11% of its industry peers.
ACE's Operating Margin has improved in the last couple of years.
ACE has a Gross Margin of 58.75%. This is in the better half of the industry: ACE outperforms 66.67% of its industry peers.
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
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.
ACE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that ACE is in the distress zone and has some risk of bankruptcy.
ACE's Altman-Z score of 1.09 is in line compared to the rest of the industry. ACE outperforms 55.56% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 25.92, ACE is in the better half of the industry, outperforming 77.78% 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.
Looking at the Debt to Equity ratio, with a value of 2.13, ACE is doing worse than 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.09 |
ROIC/WACC1.46
WACC4.84%
2.3 Liquidity
A Current Ratio of 0.67 indicates that ACE may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.67, ACE is doing worse than 88.89% of the companies in the same industry.
A Quick Ratio of 0.63 indicates that ACE may have some problems paying its short term obligations.
With a Quick ratio value of 0.63, ACE is not doing good in the industry: 83.33% 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.
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.
Looking at the last year, ACE shows a decrease in Revenue. The Revenue has decreased by -8.70% in the last 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)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.
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-7.5%
Revenue Next 3Y-3.95%
Revenue Next 5Y-3.41%
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.
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
With a Price/Earnings ratio of 7.80, the valuation of ACE can be described as very cheap.
ACE's Price/Earnings ratio is rather cheap when compared to the industry. ACE is cheaper than 88.89% of the companies in the same industry.
ACE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.92.
The Price/Forward Earnings ratio is 13.38, which indicates a correct valuation of ACE.
ACE's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.46, ACE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.8 | ||
| Fwd PE | 13.38 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ACE is cheaper than 77.78% 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 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.53 | ||
| EV/EBITDA | 5.55 |
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.
ACE has an outstanding profitability rating, which 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 4.33%, ACE is a good candidate for dividend investing.
ACE's Dividend Yield is comparable with the industry average which is at 4.49.
Compared to an average S&P500 Dividend Yield of 2.00, ACE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
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
26.70% of the earnings are spent on dividend by ACE. This is a low number and 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 2Y3%
EPS Next 3Y2.73%
BIT:ACE (12/29/2025, 3:16:11 PM)
21.93
+0.01 (+0.05%)
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 Cap4.67B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.72 (12.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
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)0.83%
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)16.83%
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 | 7.8 | ||
| Fwd PE | 13.38 | ||
| P/S | 0.8 | ||
| P/FCF | 20.53 | ||
| P/OCF | 2.75 | ||
| P/B | 1.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.55 |
EPS(TTM)2.81
EY12.81%
EPS(NY)1.64
Fwd EY7.47%
FCF(TTM)1.07
FCFY4.87%
OCF(TTM)7.98
OCFY36.39%
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
WACC4.84%
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-7.5%
Revenue Next 3Y-3.95%
Revenue Next 5Y-3.41%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year102.47%
EBIT Next 3Y30.13%
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 7 / 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%.