ACEA SPA (ACE.MI) Fundamental Analysis & Valuation

BIT:ACE • IT0001207098

Current stock price

22.52 EUR
+0.08 (+0.36%)
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

  • ACE had positive earnings in the past year.
  • In the past year ACE had a positive cash flow from operations.
  • 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.
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

  • Looking at the Return On Assets, with a value of 5.98%, ACE belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 27.59%, ACE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 6.20%, ACE is in line with its industry, outperforming 57.14% of the companies in the same industry.
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 92.86% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ACE has grown nicely.
  • Looking at the Operating Margin, with a value of 19.27%, ACE is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ACE has grown nicely.
  • ACE has a Gross Margin of 64.31%. This is amongst the best in the industry. ACE outperforms 85.71% of its industry peers.
  • ACE's Gross Margin has improved in the last couple of years.
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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1

2. ACE.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ACE 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 0.97. 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 0.97, ACE is not doing good in the industry: 71.43% 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.
  • ACE's Debt to FCF ratio of 24.31 is fine compared to the rest of the industry. ACE outperforms 78.57% 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.
  • The Debt to Equity ratio of ACE (1.77) is worse than 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.77
Debt/FCF 24.31
Altman-Z 0.97
ROIC/WACC0.96
WACC6.46%
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

  • 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.
  • With a Current ratio value of 0.69, ACE is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.64 indicates that ACE may have some problems paying its short term obligations.
  • ACE has a worse Quick ratio (0.64) than 78.57% 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

  • Based on estimates for the next years, ACE will show a decrease in Earnings Per Share. The EPS will decrease by -4.45% on average per year.
  • 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-18.62%
EPS Next 2Y-9.9%
EPS Next 3Y-4.45%
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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6

4. ACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.27 indicates a rather cheap valuation of ACE.
  • Based on the Price/Earnings ratio, ACE is valued cheaper than 92.86% 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 27.42.
  • With a Price/Forward Earnings ratio of 13.73, ACE is valued correctly.
  • 71.43% of the companies in the same industry are more expensive than ACE, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 22.29. ACE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 6.27
Fwd PE 13.73
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ACE indicates a somewhat cheap valuation: ACE is cheaper than 78.57% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ACE indicates a somewhat cheap valuation: ACE is cheaper than 78.57% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 20.6
EV/EBITDA 6.2
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

  • The excellent profitability rating of ACE may justify a higher PE ratio.
  • ACE's earnings are expected to decrease with -4.45% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.57
EPS Next 2Y-9.9%
EPS Next 3Y-4.45%

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

7

5. ACE.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.21%, ACE is a good candidate for dividend investing.
  • ACE's Dividend Yield is a higher than the industry average which is at 3.95.
  • Compared to an average S&P500 Dividend Yield of 1.81, ACE pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.21%

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

  • 20.79% of the earnings are spent on dividend by ACE. This is a low number and sustainable payout ratio.
DP20.79%
EPS Next 2Y-9.9%
EPS Next 3Y-4.45%
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 (4/27/2026, 10:17:14 AM)

22.52

+0.08 (+0.36%)

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 Cap4.80B
Revenue(TTM)4.60B
Net Income(TTM)767.17M
Analysts86.67
Price Target26.42 (17.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.21%
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)4.02%
PT rev (3m)6.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.89%
EPS NY rev (3m)-0.96%
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 6.27
Fwd PE 13.73
P/S 1.04
P/FCF 20.6
P/OCF 2.72
P/B 1.72
P/tB N/A
EV/EBITDA 6.2
EPS(TTM)3.59
EY15.94%
EPS(NY)1.64
Fwd EY7.28%
FCF(TTM)1.09
FCFY4.86%
OCF(TTM)8.28
OCFY36.78%
SpS21.61
BVpS13.06
TBVpS-10.26
PEG (NY)N/A
PEG (5Y)0.57
Graham Number32.4772 (44.21%)
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 0.97
F-Score6
WACC6.46%
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-18.62%
EPS Next 2Y-9.9%
EPS Next 3Y-4.45%
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 Year132.43%
EBIT Next 3Y37.32%
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 6.27 and the Price/Book (PB) ratio is 1.72.


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%.