ACEA SPA (ACE.MI) Fundamental Analysis & Valuation

BIT:ACE • IT0001207098

Current stock price

24.34 EUR
+0.16 (+0.66%)
Last:

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

8

1. ACE.MI Profitability Analysis

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.
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

  • Looking at the Return On Assets, with a value of 4.79%, ACE belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • The Return On Equity of ACE (23.63%) is better than 100.00% of its industry peers.
  • The Return On Invested Capital of ACE (7.05%) is better than 83.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ACE is in line with the industry average of 5.37%.
  • 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

  • ACE has a Profit Margin of 10.21%. This is in the better half of the industry: ACE outperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of ACE has declined.
  • With a decent Operating Margin value of 17.54%, ACE is doing good in the industry, outperforming 72.22% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ACE has grown nicely.
  • The Gross Margin of ACE (58.75%) is better than 66.67% of its industry peers.
  • ACE's Gross Margin has improved in the last couple of years.
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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3

2. ACE.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ACE is creating some value.
  • ACE has about the same amout of shares outstanding than it did 1 year ago.
  • ACE has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ACE has an improved debt to assets ratio.
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

  • Based on the Altman-Z score of 1.12, we must say that ACE is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.12, ACE is doing good in the industry, outperforming 61.11% 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.
  • The Debt to FCF ratio of ACE (25.92) is better than 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 1.12
ROIC/WACC1.41
WACC5%
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

  • A Current Ratio of 0.67 indicates that ACE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.67, ACE is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.63 indicates that ACE may have some problems paying its short term obligations.
  • ACE's Quick ratio of 0.63 is on the low side compared to the rest of the industry. ACE is outperformed by 83.33% 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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3

3. ACE.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.19% 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.
  • The Revenue has decreased by -8.70% in the past year.
  • 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)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.
  • Based on estimates for the next years, ACE will show a decrease in Revenue. The Revenue will decrease by -3.41% on average per year.
EPS Next Y38.85%
EPS Next 2Y2.61%
EPS Next 3Y2.05%
EPS Next 5Y3.14%
Revenue Next Year-18.99%
Revenue Next 2Y-8.71%
Revenue Next 3Y-4.59%
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. ACE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.66, the valuation of ACE can be described as reasonable.
  • ACE's Price/Earnings ratio is rather cheap when compared to the industry. ACE is cheaper than 83.33% of the companies in the same industry.
  • ACE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.71.
  • With a Price/Forward Earnings ratio of 14.97, ACE is valued correctly.
  • ACE's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of ACE to the average of the S&P500 Index (23.83), we can say ACE is valued slightly cheaper.
Industry RankSector Rank
PE 8.66
Fwd PE 14.97
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

  • 83.33% of the companies in the same industry are more expensive than ACE, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ACE is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 22.79
EV/EBITDA 5.83
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

  • ACE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of ACE may justify a higher PE ratio.
PEG (NY)0.22
PEG (5Y)2.73
EPS Next 2Y2.61%
EPS Next 3Y2.05%

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7

5. ACE.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.02%, ACE is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.93, ACE has a dividend in line with its industry peers.
  • ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 4.02%

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 2Y2.61%
EPS Next 3Y2.05%
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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ACE.MI Fundamentals: All Metrics, Ratios and Statistics

ACEA SPA

BIT:ACE (3/16/2026, 2:57:59 PM)

24.34

+0.16 (+0.66%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)03-12
Earnings (Next)05-14
Inst Owners6.95%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap5.18B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts84.44
Price Target25.4 (4.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.02%
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)2.72%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)2.03%
EPS NY rev (3m)8.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.51%
Revenue NY rev (3m)-3.51%
Valuation
Industry RankSector Rank
PE 8.66
Fwd PE 14.97
P/S 0.89
P/FCF 22.79
P/OCF 3.05
P/B 2.05
P/tB N/A
EV/EBITDA 5.83
EPS(TTM)2.81
EY11.54%
EPS(NY)1.63
Fwd EY6.68%
FCF(TTM)1.07
FCFY4.39%
OCF(TTM)7.98
OCFY32.78%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.22
PEG (5Y)2.73
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 1.12
F-Score6
WACC5%
ROIC/WACC1.41
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 Y38.85%
EPS Next 2Y2.61%
EPS Next 3Y2.05%
EPS Next 5Y3.14%
Revenue 1Y (TTM)-8.7%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%-26.97%
Revenue Next Year-18.99%
Revenue Next 2Y-8.71%
Revenue Next 3Y-4.59%
Revenue Next 5Y-3.41%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year102.47%
EBIT Next 3Y30.16%
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 Fundamental Analysis 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 8.66 and the Price/Book (PB) ratio is 2.05.


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 38.85% in the next year.