ACEA SPA (ACE.MI) Stock Fundamental Analysis
BIT:ACE - Euronext Milan - IT0001207098 - Common Stock - Currency: EUR
Taking everything into account, ACE scores 5 out of 10 in our fundamental rating. ACE was compared to 14 industry peers in the Multi-Utilities industry. ACE scores excellent on profitability, but there are concerns on its financial health. ACE is not valued too expensively and it also shows a decent growth rate. Finally ACE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ACE had positive earnings in the past year.
In the past year ACE had a positive cash flow from operations.
In the past 5 years ACE has always been profitable.
Each year in the past 5 years ACE had a positive operating cash flow.
1.2 Ratios
ACE has a Return On Assets of 4.32%. This is amongst the best in the industry. ACE outperforms 85.71% of its industry peers.
With a decent Return On Equity value of 21.06%, ACE is doing good in the industry, outperforming 78.57% of the companies in the same industry.
ACE has a Return On Invested Capital of 7.60%. This is in the better half of the industry: ACE outperforms 78.57% 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(7.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 21.06% | ||
| ROIC | 7.6% |
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 (8.35%) is better than 85.71% of its industry peers.
ACE's Profit Margin has declined in the last couple of years.
ACE has a better Operating Margin (15.83%) than 85.71% of its industry peers.
ACE's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 54.96%, ACE belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Gross Margin of ACE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.83% | ||
| PM (TTM) | 8.35% | ||
| GM | 54.96% |
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.
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.
ACE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.13, we must say that ACE is in the distress zone and has some risk of bankruptcy.
ACE has a Altman-Z score of 1.13. This is comparable to the rest of the industry: ACE outperforms 57.14% of its industry peers.
The Debt to FCF ratio of ACE is 17.26, which is on the high side as it means it would take ACE, 17.26 years of fcf income to pay off all of its debts.
ACE has a Debt to FCF ratio (17.26) which is comparable to the rest of the industry.
ACE has a Debt/Equity ratio of 2.00. This is a high value indicating a heavy dependency on external financing.
ACE has a worse Debt to Equity ratio (2.00) than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 17.26 | ||
| Altman-Z | 1.13 |
ROIC/WACC1.52
WACC4.99%
2.3 Liquidity
A Current Ratio of 0.68 indicates that ACE may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.68, ACE is doing worse than 85.71% of the companies in the same industry.
A Quick Ratio of 0.65 indicates that ACE may have some problems paying its short term obligations.
ACE's Quick ratio of 0.65 is on the low side compared to the rest of the industry. ACE is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.43% over the past year.
Measured over the past 5 years, ACE shows a small growth in Earnings Per Share. The EPS has been growing by 3.17% on average per year.
ACE shows a decrease in Revenue. In the last year, the revenue decreased by -4.85%.
Measured over the past years, ACE shows a small growth in Revenue. The Revenue has been growing by 6.09% on average per year.
EPS 1Y (TTM)22.43%
EPS 3Y1.91%
EPS 5Y3.17%
EPS Q2Q%18.69%
Revenue 1Y (TTM)-4.85%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%7.44%
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 4.22% on average per year.
Based on estimates for the next years, ACE will show a small growth in Revenue. The Revenue will grow by 0.47% on average per year.
EPS Next Y16.78%
EPS Next 2Y1.93%
EPS Next 3Y3.76%
EPS Next 5Y4.22%
Revenue Next Year-4.71%
Revenue Next 2Y-2.01%
Revenue Next 3Y-0.85%
Revenue Next 5Y0.47%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 8.38, the valuation of ACE can be described as very reasonable.
Based on the Price/Earnings ratio, ACE is valued cheaper than 85.71% of the companies in the same industry.
ACE is valuated cheaply when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.33, ACE is valued correctly.
Based on the Price/Forward Earnings ratio, ACE is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
ACE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 13.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ACE is valued a bit cheaper than 64.29% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as ACE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.9 | ||
| EV/EBITDA | 5.47 |
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)0.5
PEG (5Y)2.64
EPS Next 2Y1.93%
EPS Next 3Y3.76%
5. Dividend
5.1 Amount
ACE has a Yearly Dividend Yield of 4.35%, which is a nice return.
ACE's Dividend Yield is comparable with the industry average which is at 4.96.
ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
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 28.32% 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.
DP28.32%
EPS Next 2Y1.93%
EPS Next 3Y3.76%
BIT:ACE (6/20/2025, 7:00:00 PM)
21.38
-0.12 (-0.56%)
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 Cap4.55B
Analysts82.22
Price Target21.38 (0%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
Yearly Dividend0.7
Dividend Growth(5Y)15.14%
DP28.32%
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)3.25%
PT rev (3m)4.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)8.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 13.33 | ||
| P/S | 0.72 | ||
| P/FCF | 13.9 | ||
| P/OCF | 2.58 | ||
| P/B | 1.82 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.47 |
EPS(TTM)2.55
EY11.93%
EPS(NY)1.6
Fwd EY7.5%
FCF(TTM)1.54
FCFY7.19%
OCF(TTM)8.29
OCFY38.8%
SpS29.65
BVpS11.76
TBVpS-10.11
PEG (NY)0.5
PEG (5Y)2.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 21.06% | ||
| ROCE | 11.31% | ||
| ROIC | 7.6% | ||
| ROICexc | 8.24% | ||
| ROICexgc | 18.89% | ||
| OM | 15.83% | ||
| PM (TTM) | 8.35% | ||
| GM | 54.96% | ||
| FCFM | 5.19% |
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 Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 17.26 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 202.96% | ||
| Cap/Sales | 22.79% | ||
| Interest Coverage | 5.58 | ||
| Cash Conversion | 103.4% | ||
| Profit Quality | 62.1% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 1.13 |
F-Score6
WACC4.99%
ROIC/WACC1.52
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)22.43%
EPS 3Y1.91%
EPS 5Y3.17%
EPS Q2Q%18.69%
EPS Next Y16.78%
EPS Next 2Y1.93%
EPS Next 3Y3.76%
EPS Next 5Y4.22%
Revenue 1Y (TTM)-4.85%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%7.44%
Revenue Next Year-4.71%
Revenue Next 2Y-2.01%
Revenue Next 3Y-0.85%
Revenue Next 5Y0.47%
EBIT growth 1Y20.34%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year116.35%
EBIT Next 3Y33.18%
EBIT Next 5Y26.22%
FCF growth 1Y1130.95%
FCF growth 3Y29.26%
FCF growth 5Y-3.89%
OCF growth 1Y59%
OCF growth 3Y31.42%
OCF growth 5Y16.3%