ACEA SPA (ACE.MI) Stock Fundamental Analysis
BIT:ACE - IT0001207098 - Common Stock
20.34 EUR
+0.16 (+0.79%)
ACE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 13 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 correctly, but it does not seem to be growing. 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.
ACE had positive earnings in each of the past 5 years.
ACE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 4.79%, ACE belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
The Return On Equity of ACE (23.63%) is better than 92.31% of its industry peers.
ACE has a Return On Invested Capital of 7.05%. This is in the better half of the industry: ACE outperforms 69.23% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ACE is below the industry average of 6.71%.
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
The Profit Margin of ACE (10.21%) is better than 84.62% of its industry peers.
In the last couple of years the Profit Margin of ACE has declined.
Looking at the Operating Margin, with a value of 17.54%, ACE belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
ACE's Operating Margin has improved in the last couple of years.
ACE has a Gross Margin of 58.75%. This is in the better half of the industry: ACE outperforms 76.92% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ACE is creating some value.
Compared to 1 year ago, ACE has about the same amount of shares outstanding.
The number of shares outstanding for ACE remains at a similar level compared to 5 years ago.
ACE has a better debt/assets ratio than last year.
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.
ACE has a better Altman-Z score (1.07) than 61.54% of its industry peers.
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 has a Debt to FCF ratio (25.92) which is comparable to the rest of the industry.
ACE has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
ACE has a Debt to Equity ratio of 2.13. This is amonst the worse of the industry: ACE underperforms 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.07 |
ROIC/WACC1.49
WACC4.73%
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's Current ratio of 0.67 is on the low side compared to the rest of the industry. ACE is outperformed by 84.62% 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.
The Quick ratio of ACE (0.63) is worse than 84.62% of its industry peers.
| 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.
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%.
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
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 -1.99% yearly.
EPS Next Y9.66%
EPS Next 2Y2.33%
EPS Next 3Y2.89%
EPS Next 5Y3.14%
Revenue Next Year-16.3%
Revenue Next 2Y-7.57%
Revenue Next 3Y-4.05%
Revenue Next 5Y-1.99%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.24, the valuation of ACE can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of ACE indicates a rather cheap valuation: ACE is cheaper than 84.62% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.08. ACE is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 12.58, ACE is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ACE is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.67, ACE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.24 | ||
| Fwd PE | 12.58 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ACE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.04 | ||
| EV/EBITDA | 5.33 |
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)0.75
PEG (5Y)2.28
EPS Next 2Y2.33%
EPS Next 3Y2.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.69%, ACE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.25, ACE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, ACE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
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.
ACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP26.7%
EPS Next 2Y2.33%
EPS Next 3Y2.89%
BIT:ACE (8/27/2025, 3:09:16 PM)
20.34
+0.16 (+0.79%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners7%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.33B
Analysts82.22
Price Target23.5 (15.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
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)4.25%
PT rev (3m)13.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.09%
EPS NY rev (3m)-6.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-12.16%
Revenue NY rev (3m)-12.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.24 | ||
| Fwd PE | 12.58 | ||
| P/S | 0.74 | ||
| P/FCF | 19.04 | ||
| P/OCF | 2.55 | ||
| P/B | 1.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.33 |
EPS(TTM)2.81
EY13.82%
EPS(NY)1.62
Fwd EY7.95%
FCF(TTM)1.07
FCFY5.25%
OCF(TTM)7.98
OCFY39.23%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.75
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
WACC4.73%
ROIC/WACC1.49
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 Y9.66%
EPS Next 2Y2.33%
EPS Next 3Y2.89%
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-1.99%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year116.35%
EBIT Next 3Y33.18%
EBIT Next 5Y23.16%
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%