ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ACE - IT0001207098 - Common Stock
22.94 EUR
-0.42 (-1.8%)
ACE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 18 industry peers in the Multi-Utilities industry. While ACE has a great profitability rating, there are quite some concerns on its financial health. ACE has a bad growth rate and is valued cheaply. Finally 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.
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
The Return On Assets of ACE (4.79%) is better than 88.89% of its industry peers.
ACE has a better Return On Equity (23.63%) than 100.00% of its industry peers.
ACE has a better Return On Invested Capital (7.05%) than 83.33% 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 5.84%.
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 61.11% 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 61.11% 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 66.67% 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.
ACE has about the same amout of shares outstanding than it did 1 year ago.
ACE has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, ACE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.10, we must say that ACE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ACE (1.10) is better than 61.11% 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.
ACE's Debt to FCF ratio of 25.92 is fine compared to the rest of the industry. ACE outperforms 77.78% of its industry peers.
A Debt/Equity ratio of 2.13 is on the high side and indicates that ACE has dependencies on debt financing.
ACE's Debt to Equity ratio of 2.13 is on the low side compared to the rest of the industry. ACE is outperformed by 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.1 |
ROIC/WACC1.44
WACC4.9%
2.3 Liquidity
A Current Ratio of 0.67 indicates that ACE may have some problems paying its short term obligations.
ACE's Current ratio of 0.67 is on the low side compared to the rest of the industry. ACE is outperformed by 88.89% of its industry peers.
A Quick Ratio of 0.63 indicates that ACE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.63, ACE is doing worse than 83.33% of the companies in the same industry.
| 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
ACE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.14% yearly.
Based on estimates for the next years, ACE will show a decrease in Revenue. The Revenue will decrease by -3.41% on average per year.
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
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
A Price/Earnings ratio of 8.16 indicates a reasonable valuation of ACE.
Based on the Price/Earnings ratio, ACE is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
ACE is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.00, which indicates a correct valuation of ACE.
The rest of the industry has a similar Price/Forward Earnings ratio as ACE.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, ACE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.16 | ||
| Fwd PE | 14 |
4.2 Price Multiples
72.22% of the companies in the same industry are more expensive than ACE, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ACE indicates a somewhat cheap valuation: ACE is cheaper than 77.78% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.48 | ||
| EV/EBITDA | 5.68 |
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.
ACE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.3
PEG (5Y)2.57
EPS Next 2Y3%
EPS Next 3Y2.73%
5. Dividend
5.1 Amount
ACE has a Yearly Dividend Yield of 4.07%, which is a nice return.
ACE's Dividend Yield is comparable with the industry average which is at 4.48.
ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
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 (1/9/2026, 7:00:00 PM)
22.94
-0.42 (-1.8%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners6.65%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.89B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.72 (7.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
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%
PT rev (3m)5.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)16.83%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.16 | ||
| Fwd PE | 14 | ||
| P/S | 0.83 | ||
| P/FCF | 21.48 | ||
| P/OCF | 2.87 | ||
| P/B | 1.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.68 |
EPS(TTM)2.81
EY12.25%
EPS(NY)1.64
Fwd EY7.14%
FCF(TTM)1.07
FCFY4.66%
OCF(TTM)7.98
OCFY34.78%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.3
PEG (5Y)2.57
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 | 1.1 |
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 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 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.
What is the profitability of ACE stock?
ACEA SPA (ACE.MI) has a profitability rating of 8 / 10.
What is the valuation of ACEA SPA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ACEA SPA (ACE.MI) is 8.16 and the Price/Book (PB) ratio is 1.93.
Can you provide the expected EPS growth for ACE stock?
The Earnings per Share (EPS) of ACEA SPA (ACE.MI) is expected to grow by 27.4% in the next year.