ACEA SPA (ACE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ACE - IT0001207098 - Common Stock
22.84 EUR
-0.32 (-1.38%)
ACE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 17 industry peers in the Multi-Utilities industry. ACE scores excellent on profitability, but there are concerns on its financial health. ACE is cheap, but on the other hand it scores bad on growth. 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.
- ACE had positive earnings in each of the past 5 years.
- Each year in the past 5 years ACE had a positive operating cash flow.
1.2 Ratios
- ACE has a Return On Assets of 4.79%. This is amongst the best in the industry. ACE outperforms 88.24% of its industry peers.
- ACE has a better Return On Equity (23.63%) than 100.00% of its industry peers.
- ACE's Return On Invested Capital of 7.05% is amongst the best of the industry. ACE outperforms 82.35% of its industry peers.
- ACE had an Average Return On Invested Capital over the past 3 years of 4.42%. This is in line with the industry average of 6.01%.
- 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
- The Profit Margin of ACE (10.21%) is better than 64.71% of its industry peers.
- ACE's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 17.54%, ACE is doing good in the industry, outperforming 64.71% of the companies in the same industry.
- In the last couple of years the Operating Margin of ACE has grown nicely.
- ACE has a better Gross Margin (58.75%) than 64.71% of its industry peers.
- 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
- 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.
- 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 1.10, we must say that ACE is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.10, ACE is in line with its industry, outperforming 58.82% 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.
- Looking at the Debt to FCF ratio, with a value of 25.92, ACE is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
- ACE has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
- ACE's Debt to Equity ratio of 2.13 is on the low side compared to the rest of the industry. ACE is outperformed by 94.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 25.92 | ||
| Altman-Z | 1.1 |
ROIC/WACC1.43
WACC4.94%
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.
- With a Current ratio value of 0.67, ACE is not doing good in the industry: 88.24% of the companies in the same industry are doing better.
- 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's Quick ratio of 0.63 is on the low side compared to the rest of the industry. ACE is outperformed by 82.35% 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.
- 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%.
- 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 Y27.4%
EPS Next 2Y3%
EPS Next 3Y2.73%
EPS Next 5Y3.14%
Revenue Next Year-16.04%
Revenue Next 2Y-7.5%
Revenue Next 3Y-3.95%
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.
4. Valuation
4.1 Price/Earnings Ratio
- ACE is valuated reasonably with a Price/Earnings ratio of 8.13.
- Based on the Price/Earnings ratio, ACE is valued cheaply inside the industry as 88.24% of the companies are valued more expensively.
- ACE is valuated cheaply when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 13.94, which indicates a correct valuation of ACE.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ACE is on the same level as its industry peers.
- The average S&P500 Price/Forward Earnings ratio is at 23.94. ACE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 13.94 |
4.2 Price Multiples
- ACE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ACE is cheaper than 70.59% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, ACE is valued a bit cheaper than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.38 | ||
| EV/EBITDA | 5.7 |
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)0.3
PEG (5Y)2.56
EPS Next 2Y3%
EPS Next 3Y2.73%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.13%, ACE is a good candidate for dividend investing.
- ACE's Dividend Yield is comparable with the industry average which is at 4.55.
- ACE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
5.2 History
- On average, the dividend of ACE grows each year by 15.14%, which is quite nice.
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 2Y3%
EPS Next 3Y2.73%
BIT:ACE (1/21/2026, 5:35:30 PM)
22.84
-0.32 (-1.38%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-13 2025-11-13
Earnings (Next)03-11 2026-03-11
Inst Owners6.65%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.86B
Revenue(TTM)5.86B
Net Income(TTM)597.82M
Analysts82.22
Price Target24.72 (8.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
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)5.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)16.83%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 13.94 | ||
| P/S | 0.83 | ||
| P/FCF | 21.38 | ||
| P/OCF | 2.86 | ||
| P/B | 1.92 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.7 |
EPS(TTM)2.81
EY12.3%
EPS(NY)1.64
Fwd EY7.17%
FCF(TTM)1.07
FCFY4.68%
OCF(TTM)7.98
OCFY34.94%
SpS27.49
BVpS11.88
TBVpS-9.97
PEG (NY)0.3
PEG (5Y)2.56
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 | 1.1 |
F-Score6
WACC4.94%
ROIC/WACC1.43
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 Y27.4%
EPS Next 2Y3%
EPS Next 3Y2.73%
EPS Next 5Y3.14%
Revenue 1Y (TTM)-8.7%
Revenue growth 3Y2.09%
Revenue growth 5Y6.09%
Sales Q2Q%-26.97%
Revenue Next Year-16.04%
Revenue Next 2Y-7.5%
Revenue Next 3Y-3.95%
Revenue Next 5Y-3.41%
EBIT growth 1Y13.81%
EBIT growth 3Y6.24%
EBIT growth 5Y8.69%
EBIT Next Year102.47%
EBIT Next 3Y30.13%
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 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 8.13 and the Price/Book (PB) ratio is 1.92.
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 27.4% in the next year.