ACEA SPA (ACE.MI) Stock Fundamental Analysis

BIT:ACE • IT0001207098

26 EUR
+0.8 (+3.17%)
Last: Feb 20, 2026, 05:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

ACE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 18 industry peers in the Multi-Utilities industry. ACE scores excellent on profitability, but there are concerns on its financial health. ACE has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • ACE had positive earnings in the past year.
  • ACE had a positive operating cash flow in the past year.
  • In the past 5 years ACE has always been profitable.
  • ACE had a positive operating cash flow in each of the past 5 years.
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 0 500M 1B 1.5B

1.2 Ratios

  • ACE has a Return On Assets of 4.79%. This is amongst the best in the industry. ACE outperforms 88.89% of its industry peers.
  • ACE has a Return On Equity of 23.63%. This is amongst the best in the industry. ACE outperforms 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.
  • 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 RankSector 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%
ACE.MI Yearly ROA, ROE, ROICACE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of ACE (10.21%) is better than 66.67% 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 66.67% of its industry peers.
  • In the last couple of years the Operating Margin of ACE has grown nicely.
  • ACE has a Gross Margin of 58.75%. This is in the better half of the industry: ACE outperforms 72.22% of its industry peers.
  • In the last couple of years the Gross Margin of ACE has grown nicely.
Industry RankSector 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%
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 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • The number of shares outstanding for ACE remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, ACE has about the same amount of shares outstanding.
  • The debt/assets ratio for ACE has been reduced compared to a year ago.
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 1.13. This is a bad value and indicates that ACE is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ACE (1.13) is comparable to the rest of the 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.
  • With a decent Debt to FCF ratio value of 25.92, ACE is doing good in 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.
  • With a Debt to Equity ratio value of 2.13, ACE is not doing good in the industry: 94.44% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 25.92
Altman-Z 1.13
ROIC/WACC1.37
WACC5.14%
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 0 1B 2B 3B 4B

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.
  • ACE has a Current ratio of 0.67. This is amonst the worse of the industry: ACE underperforms 88.89% 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.
  • ACE has a worse Quick ratio (0.63) than 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.63
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.19% over the past year.
  • ACE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.17% yearly.
  • ACE shows a decrease in Revenue. In the last year, the revenue decreased by -8.70%.
  • ACE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.09% yearly.
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 Y36.08%
EPS Next 2Y3.56%
EPS Next 3Y2.63%
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.
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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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • ACE is valuated reasonably with a Price/Earnings ratio of 9.25.
  • 83.33% of the companies in the same industry are more expensive than ACE, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of ACE to the average of the S&P500 Index (26.99), we can say ACE is valued rather cheaply.
  • The Price/Forward Earnings ratio is 15.70, which indicates a correct valuation of ACE.
  • 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 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.25
Fwd PE 15.7
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

  • Based on the Enterprise Value to EBITDA ratio, ACE is valued a bit cheaper than 66.67% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ACE is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 24.34
EV/EBITDA 5.96
ACE.MI Per share dataACE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

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)0.26
PEG (5Y)2.92
EPS Next 2Y3.56%
EPS Next 3Y2.63%

More info and screens

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

6

5. Dividend

5.1 Amount

  • ACE has a Yearly Dividend Yield of 3.77%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 4.04, ACE has a dividend in line with its industry peers.
  • ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.77%

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.
  • ACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP26.7%
EPS Next 2Y3.56%
EPS Next 3Y2.63%
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 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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ACEA SPA

BIT:ACE (2/20/2026, 5:35:15 PM)

26

+0.8 (+3.17%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-13
Earnings (Next)03-12
Inst Owners6.65%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap5.54B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts84.44
Price Target25.4 (-2.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.77%
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)2.72%
PT rev (3m)5.78%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.81%
EPS NY rev (3m)24.34%
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 RankSector Rank
PE 9.25
Fwd PE 15.7
P/S 0.95
P/FCF 24.34
P/OCF 3.26
P/B 2.19
P/tB N/A
EV/EBITDA 5.96
EPS(TTM)2.81
EY10.81%
EPS(NY)1.66
Fwd EY6.37%
FCF(TTM)1.07
FCFY4.11%
OCF(TTM)7.98
OCFY30.69%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.26
PEG (5Y)2.92
Graham Number27.4
Profitability
Industry RankSector 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 RankSector 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 1.13
F-Score6
WACC5.14%
ROIC/WACC1.37
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 Y36.08%
EPS Next 2Y3.56%
EPS Next 3Y2.63%
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 9.25 and the Price/Book (PB) ratio is 2.19.


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 36.08% in the next year.