ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - BIT:ACE - IT0001207098 - Common Stock
21.1 EUR
-0.02 (-0.09%)
Overall ACE gets a fundamental rating of 5 out of 10. We evaluated ACE against 14 industry peers in the Multi-Utilities industry. ACE has an excellent profitability rating, but there are concerns on its financial health. ACE has a valuation in line with the averages, but it does not seem to be growing. Finally ACE also has an excellent dividend rating.
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.
In the past 5 years ACE always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ACE (4.79%) is better than 85.71% of its industry peers.
ACE's Return On Equity of 23.63% is amongst the best of the industry. ACE outperforms 100.00% of its industry peers.
ACE has a better Return On Invested Capital (7.05%) than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ACE is below the industry average of 6.47%.
The last Return On Invested Capital (7.05%) for ACE is above the 3 year average (4.42%), which is a sign of increasing profitability.
| 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.
ACE's Profit Margin has declined in the last couple of years.
ACE's Operating Margin of 17.54% is fine compared to the rest of the industry. ACE outperforms 78.57% of its industry peers.
In the last couple of years the Operating Margin of ACE has grown nicely.
Looking at the Gross Margin, with a value of 58.75%, ACE is in the better half of the industry, outperforming 71.43% 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 | 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
ACE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ACE has about the same amount of shares outstanding.
ACE has about the same amout of shares outstanding than it did 5 years ago.
ACE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.08, we must say that ACE is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.08, ACE is doing good in the industry, outperforming 64.29% 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's Debt to FCF ratio of 25.92 is in line compared to the rest of the industry. ACE outperforms 57.14% of its industry peers.
ACE has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external 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 | 1.08 |
ROIC/WACC1.46
WACC4.83%
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.
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 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.
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.
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
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 -1.87% on average per year.
EPS Next Y9.44%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
EPS Next 5Y3.14%
Revenue Next Year-16.3%
Revenue Next 2Y-7.54%
Revenue Next 3Y-4.03%
Revenue Next 5Y-1.87%
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
With a Price/Earnings ratio of 7.51, the valuation of ACE can be described as very cheap.
Based on the Price/Earnings ratio, ACE is valued cheaper than 85.71% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.06, ACE is valued rather cheaply.
The Price/Forward Earnings ratio is 12.89, which indicates a correct valuation of ACE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ACE indicates a slightly more expensive valuation: ACE is more expensive than 64.29% of the companies listed in the same industry.
ACE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 32.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.51 | ||
| Fwd PE | 12.89 |
4.2 Price Multiples
ACE's Enterprise Value to EBITDA ratio is in line with the industry average.
64.29% of the companies in the same industry are more expensive than ACE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.75 | ||
| EV/EBITDA | 5.45 |
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)2.37
EPS Next 2Y2.96%
EPS Next 3Y2.66%
5. Dividend
5.1 Amount
ACE has a Yearly Dividend Yield of 4.47%, which is a nice return.
ACE's Dividend Yield is comparable with the industry average which is at 4.86.
ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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
26.70% of the earnings are spent on dividend by ACE. This is a low number and sustainable payout ratio.
ACE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP26.7%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
BIT:ACE (11/10/2025, 5:35:15 PM)
21.1
-0.02 (-0.09%)
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 Cap4.49B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.01 (13.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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)2.17%
PT rev (3m)2.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.36%
EPS NY rev (3m)-6.28%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.51 | ||
| Fwd PE | 12.89 | ||
| P/S | 0.77 | ||
| P/FCF | 19.75 | ||
| P/OCF | 2.64 | ||
| P/B | 1.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.45 |
EPS(TTM)2.81
EY13.32%
EPS(NY)1.64
Fwd EY7.76%
FCF(TTM)1.07
FCFY5.06%
OCF(TTM)7.98
OCFY37.82%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.8
PEG (5Y)2.37
Graham Number27.4
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%
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 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 | 1.08 |
F-Score6
WACC4.83%
ROIC/WACC1.46
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 Y9.44%
EPS Next 2Y2.96%
EPS Next 3Y2.66%
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-7.54%
Revenue Next 3Y-4.03%
Revenue Next 5Y-1.87%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year101.61%
EBIT Next 3Y30.3%
EBIT Next 5Y23.31%
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 for ACE stock?
ChartMill assigns a valuation rating of 6 / 10 to ACEA SPA (ACE.MI). This can be considered as Fairly Valued.
What is the profitability of ACE stock?
ACEA SPA (ACE.MI) has a profitability rating of 7 / 10.
What is the financial health of ACEA SPA (ACE.MI) stock?
The financial health rating of ACEA SPA (ACE.MI) is 2 / 10.
Is the dividend of ACEA SPA sustainable?
The dividend rating of ACEA SPA (ACE.MI) is 7 / 10 and the dividend payout ratio is 26.7%.