A2A SPA (A2A.MI) Fundamental Analysis & Valuation

BIT:A2A • IT0001233417

Current stock price

2.425 EUR
+0.08 (+3.54%)
Last:

This A2A.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. A2A.MI Profitability Analysis

1.1 Basic Checks

  • In the past year A2A was profitable.
  • In the past year A2A had a positive cash flow from operations.
  • A2A had positive earnings in each of the past 5 years.
  • Each year in the past 5 years A2A had a positive operating cash flow.
A2A.MI Yearly Net Income VS EBIT VS OCF VS FCFA2A.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

  • The Return On Assets of A2A (7.43%) is better than 100.00% of its industry peers.
  • A2A's Return On Equity of 26.84% is amongst the best of the industry. A2A outperforms 92.86% of its industry peers.
  • With an excellent Return On Invested Capital value of 13.66%, A2A belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for A2A is in line with the industry average of 6.09%.
  • The last Return On Invested Capital (13.66%) for A2A is above the 3 year average (6.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.43%
ROE 26.84%
ROIC 13.66%
ROA(3y)3.78%
ROA(5y)3.2%
ROE(3y)14.61%
ROE(5y)13.5%
ROIC(3y)6.59%
ROIC(5y)5.76%
A2A.MI Yearly ROA, ROE, ROICA2A.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 5.63%, A2A is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • A2A's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 9.25%, A2A is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A2A's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 25.59%, A2A is doing worse than 64.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of A2A has declined.
Industry RankSector Rank
OM 9.25%
PM (TTM) 5.63%
GM 25.59%
OM growth 3Y45.22%
OM growth 5Y1.62%
PM growth 3Y45.49%
PM growth 5Y0.07%
GM growth 3Y30.48%
GM growth 5Y-4.3%
A2A.MI Yearly Profit, Operating, Gross MarginsA2A.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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5

2. A2A.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so A2A is creating value.
  • A2A has less shares outstanding than it did 1 year ago.
  • A2A has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for A2A has been reduced compared to a year ago.
A2A.MI Yearly Shares OutstandingA2A.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
A2A.MI Yearly Total Debt VS Total AssetsA2A.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 2.32 indicates that A2A is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.32, A2A belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
  • The Debt to FCF ratio of A2A is 76.42, which is on the high side as it means it would take A2A, 76.42 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 76.42, A2A is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • A2A has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of A2A (1.05) is better than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.05
Debt/FCF 76.42
Altman-Z 2.32
ROIC/WACC2.66
WACC5.13%
A2A.MI Yearly LT Debt VS Equity VS FCFA2A.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 2B 4B 6B

2.3 Liquidity

  • A2A has a Current Ratio of 1.05. This is a normal value and indicates that A2A is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.05, A2A is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • A Quick Ratio of 1.00 indicates that A2A should not have too much problems paying its short term obligations.
  • A2A's Quick ratio of 1.00 is fine compared to the rest of the industry. A2A outperforms 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1
A2A.MI Yearly Current Assets VS Current LiabilitesA2A.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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5

3. A2A.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.96% over the past year.
  • Measured over the past years, A2A shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.00% on average per year.
  • A2A shows a strong growth in Revenue. In the last year, the Revenue has grown by 46.21%.
  • Measured over the past years, A2A shows a quite strong growth in Revenue. The Revenue has been growing by 15.48% on average per year.
EPS 1Y (TTM)14.96%
EPS 3Y27.72%
EPS 5Y15%
EPS Q2Q%100%
Revenue 1Y (TTM)46.21%
Revenue growth 3Y-15.32%
Revenue growth 5Y15.48%
Sales Q2Q%107.85%

3.2 Future

  • A2A is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.26% yearly.
  • The Revenue is expected to grow by 3.59% on average over the next years.
EPS Next Y-8.04%
EPS Next 2Y-4.01%
EPS Next 3Y-0.6%
EPS Next 5Y1.26%
Revenue Next Year-0.92%
Revenue Next 2Y-0.24%
Revenue Next 3Y0.72%
Revenue Next 5Y3.59%

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.
  • 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.
A2A.MI Yearly Revenue VS EstimatesA2A.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
A2A.MI Yearly EPS VS EstimatesA2A.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.05 0.1 0.15 0.2 0.25

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6

4. A2A.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A2A is valuated cheaply with a Price/Earnings ratio of 4.75.
  • Compared to the rest of the industry, the Price/Earnings ratio of A2A indicates a rather cheap valuation: A2A is cheaper than 100.00% of the companies listed in the same industry.
  • A2A is valuated cheaply when we compare the Price/Earnings ratio to 26.64, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 11.67, the valuation of A2A can be described as very reasonable.
  • A2A's Price/Forward Earnings ratio is rather cheap when compared to the industry. A2A is cheaper than 92.86% of the companies in the same industry.
  • A2A's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.36.
Industry RankSector Rank
PE 4.75
Fwd PE 11.67
A2A.MI Price Earnings VS Forward Price EarningsA2A.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • A2A's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. A2A is cheaper than 100.00% of the companies in the same industry.
  • A2A's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 79.97
EV/EBITDA 3.61
A2A.MI Per share dataA2A.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • A2A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-4.01%
EPS Next 3Y-0.6%

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

6

5. A2A.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.31%, A2A is a good candidate for dividend investing.
  • A2A's Dividend Yield is rather good when compared to the industry average which is at 3.95. A2A pays more dividend than 92.86% of the companies in the same industry.
  • A2A's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.31%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y-4.01%
EPS Next 3Y-0.6%
A2A.MI Yearly Income VS Free CF VS DividendA2A.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 -200M 400M 600M 800M

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A2A.MI Fundamentals: All Metrics, Ratios and Statistics

A2A SPA

BIT:A2A (4/30/2026, 7:00:00 PM)

2.425

+0.08 (+3.54%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Industry Strength81.08
Industry Growth72.67
Earnings (Last)03-17
Earnings (Next)05-14
Inst Owners14.74%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.60B
Revenue(TTM)28.20B
Net Income(TTM)1.59B
Analysts75
Price Target2.82 (16.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.31%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
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)-0.72%
PT rev (3m)1.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.44%
EPS NY rev (3m)-2.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.58%
Revenue NY rev (3m)4.16%
Valuation
Industry RankSector Rank
PE 4.75
Fwd PE 11.67
P/S 0.27
P/FCF 79.97
P/OCF 4.28
P/B 1.28
P/tB 5.82
EV/EBITDA 3.61
EPS(TTM)0.51
EY21.03%
EPS(NY)0.21
Fwd EY8.57%
FCF(TTM)0.03
FCFY1.25%
OCF(TTM)0.57
OCFY23.38%
SpS9
BVpS1.89
TBVpS0.42
PEG (NY)N/A
PEG (5Y)0.32
Graham Number4.65536 (91.97%)
Profitability
Industry RankSector Rank
ROA 7.43%
ROE 26.84%
ROCE 18.81%
ROIC 13.66%
ROICexc 15.84%
ROICexgc 25.77%
OM 9.25%
PM (TTM) 5.63%
GM 25.59%
FCFM 0.34%
ROA(3y)3.78%
ROA(5y)3.2%
ROE(3y)14.61%
ROE(5y)13.5%
ROIC(3y)6.59%
ROIC(5y)5.76%
ROICexc(3y)7.58%
ROICexc(5y)6.63%
ROICexgc(3y)12.03%
ROICexgc(5y)10.45%
ROCE(3y)9.07%
ROCE(5y)7.93%
ROICexgc growth 3Y16.13%
ROICexgc growth 5Y10.54%
ROICexc growth 3Y14.7%
ROICexc growth 5Y8.78%
OM growth 3Y45.22%
OM growth 5Y1.62%
PM growth 3Y45.49%
PM growth 5Y0.07%
GM growth 3Y30.48%
GM growth 5Y-4.3%
F-Score7
Asset Turnover1.32
Health
Industry RankSector Rank
Debt/Equity 1.05
Debt/FCF 76.42
Debt/EBITDA 1.74
Cap/Depr 173.66%
Cap/Sales 5.96%
Interest Coverage 12.48
Cash Conversion 49.65%
Profit Quality 5.98%
Current Ratio 1.05
Quick Ratio 1
Altman-Z 2.32
F-Score7
WACC5.13%
ROIC/WACC2.66
Cap/Depr(3y)172.16%
Cap/Depr(5y)169.8%
Cap/Sales(3y)11.01%
Cap/Sales(5y)9.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.96%
EPS 3Y27.72%
EPS 5Y15%
EPS Q2Q%100%
EPS Next Y-8.04%
EPS Next 2Y-4.01%
EPS Next 3Y-0.6%
EPS Next 5Y1.26%
Revenue 1Y (TTM)46.21%
Revenue growth 3Y-15.32%
Revenue growth 5Y15.48%
Sales Q2Q%107.85%
Revenue Next Year-0.92%
Revenue Next 2Y-0.24%
Revenue Next 3Y0.72%
Revenue Next 5Y3.59%
EBIT growth 1Y24.42%
EBIT growth 3Y22.98%
EBIT growth 5Y17.35%
EBIT Next Year94.42%
EBIT Next 3Y27.49%
EBIT Next 5Y17.69%
FCF growth 1Y125.47%
FCF growth 3Y68.1%
FCF growth 5YN/A
OCF growth 1Y55.93%
OCF growth 3Y12.12%
OCF growth 5Y24.36%

A2A SPA / A2A.MI Fundamental Analysis FAQ

What is the fundamental rating for A2A stock?

ChartMill assigns a fundamental rating of 6 / 10 to A2A.MI.


What is the valuation status for A2A stock?

ChartMill assigns a valuation rating of 6 / 10 to A2A SPA (A2A.MI). This can be considered as Fairly Valued.


How profitable is A2A SPA (A2A.MI) stock?

A2A SPA (A2A.MI) has a profitability rating of 7 / 10.


What are the PE and PB ratios of A2A SPA (A2A.MI) stock?

The Price/Earnings (PE) ratio for A2A SPA (A2A.MI) is 4.75 and the Price/Book (PB) ratio is 1.28.


Can you provide the financial health for A2A stock?

The financial health rating of A2A SPA (A2A.MI) is 5 / 10.