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. While ACE belongs to the best of the industry regarding profitability, there are concerns on its financial health. ACE is valued quite cheap, but it does not seem to be growing.


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.
  • Each year in the past 5 years ACE has 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 better Return On Assets (4.79%) 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 Return On Invested Capital of 7.05%. This is amongst the best in the industry. ACE outperforms 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 5.90%.
  • The 3 year average ROIC (4.42%) for ACE is below the current ROIC(7.05%), indicating increased profibility in the last year.
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

  • With a decent Profit Margin value of 10.21%, ACE is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • 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 66.67% of the companies in the same industry.
  • ACE's Operating Margin has improved in the last couple of years.
  • ACE has a better Gross Margin (58.75%) than 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.
  • ACE has a Altman-Z score (1.13) which is comparable to the rest of the 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.
  • 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.
  • The Debt to Equity ratio of ACE (2.13) is worse than 94.44% of its industry peers.
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.
  • Looking at the Current ratio, with a value of 0.67, ACE is doing worse than 88.89% of the companies in the same industry.
  • A Quick Ratio of 0.63 indicates that ACE may have some problems paying its short term obligations.
  • The Quick ratio of ACE (0.63) is worse 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

  • 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.
  • 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

  • The Earnings Per Share is expected to grow by 3.14% on average over the next years.
  • 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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less 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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7

4. Valuation

4.1 Price/Earnings Ratio

  • ACE is valuated reasonably with a Price/Earnings ratio of 9.25.
  • Compared to the rest of the industry, the Price/Earnings ratio of ACE indicates a rather cheap valuation: ACE is cheaper than 83.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, ACE is valued rather cheaply.
  • A Price/Forward Earnings ratio of 15.70 indicates a correct valuation of ACE.
  • ACE's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. ACE is valued slightly cheaper when compared to this.
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 the industry average as 66.67% of the companies are valued more expensively.
  • 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 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%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.75%, ACE has a reasonable but not impressive dividend return.
  • ACE's Dividend Yield is comparable with the industry average which is at 4.04.
  • ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 3.75%

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 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 3.75%
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.