ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - BIT:ACE - IT0001207098 - Common Stock
22.2 EUR
+0.26 (+1.19%)
Taking everything into account, ACE scores 5 out of 10 in our fundamental rating. ACE was compared to 15 industry peers in the Multi-Utilities industry. While ACE belongs to the best of the industry regarding profitability, there are concerns on its financial health. ACE has a bad growth rate and is valued cheaply. 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.
ACE had positive earnings in each of the past 5 years.
Each year in the past 5 years ACE had a positive operating cash flow.
1.2 Ratios
ACE's Return On Assets of 4.79% is amongst the best of the industry. ACE outperforms 86.67% 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 has a better Return On Invested Capital (7.05%) than 80.00% 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 6.39%.
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's Profit Margin of 10.21% is fine compared to the rest of the industry. ACE outperforms 80.00% of its industry peers.
ACE's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 17.54%, ACE is doing good in the industry, outperforming 80.00% of the companies in the same industry.
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 73.33% of the companies in the same industry.
ACE's Gross Margin has improved in the last couple of years.
| 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
ACE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ACE has about the same amount of shares outstanding.
The number of shares outstanding for ACE remains at a similar level compared to 5 years ago.
The debt/assets ratio for ACE has been reduced compared to a year ago.
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.
Looking at the Altman-Z score, with a value of 1.09, ACE is in line with its industry, outperforming 60.00% of the companies in the same industry.
ACE has a debt to FCF ratio of 25.92. This is a negative value and a sign of low solvency as ACE would need 25.92 years to pay back of 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 66.67% of the companies in the same industry.
ACE has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.13, ACE is doing worse than 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.09 |
ROIC/WACC1.44
WACC4.9%
2.3 Liquidity
ACE has a Current 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 Current ratio value of 0.67, ACE is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
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.
ACE has a Quick ratio of 0.63. This is amonst the worse of the industry: ACE underperforms 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
ACE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.19%, which is quite impressive.
The Earnings Per Share has been growing slightly by 3.17% on average over the past years.
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
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.
Based on estimates for the next years, ACE will show a decrease in Revenue. The Revenue will decrease by -1.87% on average per year.
EPS Next Y9.44%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
EPS Next 5Y3.14%
Revenue Next Year-16.3%
Revenue Next 2Y-7.54%
Revenue Next 3Y-4.03%
Revenue Next 5Y-1.87%
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
A Price/Earnings ratio of 7.90 indicates a rather cheap valuation of ACE.
ACE's Price/Earnings ratio is rather cheap when compared to the industry. ACE is cheaper than 86.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.46, ACE is valued rather cheaply.
A Price/Forward Earnings ratio of 13.56 indicates a correct valuation of ACE.
Based on the Price/Forward Earnings ratio, ACE is valued a bit more expensive than 60.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.39, ACE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.9 | ||
| Fwd PE | 13.56 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ACE is cheaper than 66.67% of the companies 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 73.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.78 | ||
| EV/EBITDA | 5.55 |
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.
The excellent profitability rating of ACE may justify a higher PE ratio.
PEG (NY)0.84
PEG (5Y)2.49
EPS Next 2Y2.96%
EPS Next 3Y2.66%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.49%, ACE is a good candidate for dividend investing.
ACE's Dividend Yield is comparable with the industry average which is at 4.75.
Compared to an average S&P500 Dividend Yield of 2.44, ACE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
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
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 2Y2.96%
EPS Next 3Y2.66%
BIT:ACE (11/19/2025, 7:00:00 PM)
22.2
+0.26 (+1.19%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners6.57%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.73B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.01 (8.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
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)2.17%
PT rev (3m)2.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.36%
EPS NY rev (3m)-6.28%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.9 | ||
| Fwd PE | 13.56 | ||
| P/S | 0.81 | ||
| P/FCF | 20.78 | ||
| P/OCF | 2.78 | ||
| P/B | 1.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.55 |
EPS(TTM)2.81
EY12.66%
EPS(NY)1.64
Fwd EY7.37%
FCF(TTM)1.07
FCFY4.81%
OCF(TTM)7.98
OCFY35.94%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.84
PEG (5Y)2.49
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
WACC4.9%
ROIC/WACC1.44
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 Y9.44%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
EPS Next 5Y3.14%
Revenue 1Y (TTM)-8.7%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%-26.97%
Revenue Next Year-16.3%
Revenue Next 2Y-7.54%
Revenue Next 3Y-4.03%
Revenue Next 5Y-1.87%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year101.61%
EBIT Next 3Y30.3%
EBIT Next 5Y23.31%
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 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%.