ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - BIT:ACE - IT0001207098 - Common Stock
20.32 EUR
-0.04 (-0.2%)
We assign a fundamental rating of 5 out of 10 to ACE. ACE was compared to 14 industry peers in the Multi-Utilities industry. While ACE has a great profitability rating, there are quite some concerns on its financial health. ACE is valued quite cheap, but it does not seem to be growing. 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
ACE has a Return On Assets of 4.79%. This is amongst the best in the industry. ACE outperforms 85.71% of its industry peers.
The Return On Equity of ACE (23.63%) is better than 92.86% of its industry peers.
ACE's Return On Invested Capital of 7.05% is fine compared to the rest of the industry. ACE outperforms 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ACE is below the industry average of 6.51%.
The 3 year average ROIC (4.42%) for ACE is below the current ROIC(7.05%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 10.21%, ACE is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
In the last couple of years the Profit Margin of ACE has declined.
ACE's Operating Margin of 17.54% is fine compared to the rest of the industry. ACE outperforms 78.57% of its industry peers.
ACE's Operating Margin has improved in the last couple of years.
The Gross Margin of ACE (58.75%) is better than 71.43% of its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ACE is still creating some value.
Compared to 1 year ago, ACE has about the same amount of shares outstanding.
Compared to 5 years ago, ACE has about the same amount of shares outstanding.
Compared to 1 year ago, ACE has an improved debt to assets ratio.
2.2 Solvency
ACE has an Altman-Z score of 1.07. 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 1.07, ACE is in line with its industry, outperforming 57.14% of the companies in the same 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.
ACE has a Debt to FCF ratio (25.92) which is in line with its industry peers.
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: 92.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.07 |
ROIC/WACC1.48
WACC4.76%
2.3 Liquidity
A Current Ratio of 0.67 indicates that ACE may have some problems paying its short term obligations.
ACE has a Current ratio of 0.67. This is in the lower half of the industry: ACE underperforms 78.57% 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 Quick ratio of 0.63. This is in the lower half of the industry: ACE underperforms 78.57% 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.
The Revenue has been growing slightly by 6.09% on average over the past years.
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 -1.91% on average per year.
EPS Next Y9.05%
EPS Next 2Y1.49%
EPS Next 3Y2.58%
EPS Next 5Y3.14%
Revenue Next Year-16.3%
Revenue Next 2Y-7.57%
Revenue Next 3Y-4.05%
Revenue Next 5Y-1.91%
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
The Price/Earnings ratio is 7.23, which indicates a rather cheap valuation of ACE.
Compared to the rest of the industry, the Price/Earnings ratio of ACE indicates a rather cheap valuation: ACE is cheaper than 85.71% of the companies listed in the same industry.
ACE is valuated cheaply when we compare the Price/Earnings ratio to 27.34, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.78, the valuation of ACE can be described as correct.
ACE's Price/Forward Earnings is on the same level as the industry average.
ACE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.23 | ||
| Fwd PE | 12.78 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ACE is cheaper than 64.29% 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 64.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.02 | ||
| EV/EBITDA | 5.35 |
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.
The decent profitability rating of ACE may justify a higher PE ratio.
PEG (NY)0.8
PEG (5Y)2.28
EPS Next 2Y1.49%
EPS Next 3Y2.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.61%, ACE is a good candidate for dividend investing.
ACE's Dividend Yield is comparable with the industry average which is at 4.85.
ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
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
ACE pays out 26.70% of its income as dividend. This is a 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 2Y1.49%
EPS Next 3Y2.58%
BIT:ACE (10/14/2025, 5:35:30 PM)
20.32
-0.04 (-0.2%)
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 Cap4.33B
Analysts82.22
Price Target23.5 (15.65%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
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)6.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.56%
EPS NY rev (3m)-6.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-12.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.23 | ||
| Fwd PE | 12.78 | ||
| P/S | 0.74 | ||
| P/FCF | 19.02 | ||
| P/OCF | 2.55 | ||
| P/B | 1.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.35 |
EPS(TTM)2.81
EY13.83%
EPS(NY)1.59
Fwd EY7.83%
FCF(TTM)1.07
FCFY5.26%
OCF(TTM)7.98
OCFY39.27%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.8
PEG (5Y)2.28
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%
ROICexcg growth 3Y3.65%
ROICexcg 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 | 1.07 |
F-Score6
WACC4.76%
ROIC/WACC1.48
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 Y9.05%
EPS Next 2Y1.49%
EPS Next 3Y2.58%
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-7.57%
Revenue Next 3Y-4.05%
Revenue Next 5Y-1.91%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year101.61%
EBIT Next 3Y30.3%
EBIT Next 5Y23.26%
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%