View Future GrowthACEA 過去の業績過去 基準チェック /56ACEAは、平均年間5.3%の収益成長を遂げていますが、 Integrated Utilities業界の収益は、年間 成長しています。収益は、平均年間11.1% 2.7%収益成長率で 減少しています。 ACEAの自己資本利益率は12.6%であり、純利益率は14%です。主要情報5.27%収益成長率3.86%EPS成長率Integrated Utilities 業界の成長8.06%収益成長率-2.73%株主資本利益率12.56%ネット・マージン13.97%次回の業績アップデート23 Jul 2026最近の業績更新Reported Earnings • May 17First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €717.7m (down 37% from 1Q 2025). Net income: €66.0m (down 33% from 1Q 2025). Profit margin: 9.2% (up from 8.7% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Integrated Utilities industry in Europe.Reported Earnings • Mar 16Full year 2025 earnings releasedFull year 2025 results: Revenue: €2.90b (down 30% from FY 2024). Net income: €406.2m (up 23% from FY 2024). Profit margin: 14% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Integrated Utilities industry in Europe.お知らせ • Feb 03ACEA S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026ACEA S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026お知らせ • Jan 31+ 2 more updatesACEA S.p.A. to Report Nine Months, 2026 Results on Nov 11, 2026ACEA S.p.A. announced that they will report nine months, 2026 results on Nov 11, 2026Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: €0.64 (vs €0.53 in 3Q 2024)Third quarter 2025 results: EPS: €0.64 (up from €0.53 in 3Q 2024). Revenue: €647.3m (down 42% from 3Q 2024). Net income: €136.8m (up 21% from 3Q 2024). Profit margin: 21% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 15First quarter 2025 earnings released: EPS: €0.46 (vs €0.39 in 1Q 2024)First quarter 2025 results: EPS: €0.46 (up from €0.39 in 1Q 2024). Revenue: €1.10b (up 11% from 1Q 2024). Net income: €98.0m (up 19% from 1Q 2024). Profit margin: 8.9% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.すべての更新を表示Recent updatesReported Earnings • May 17First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €717.7m (down 37% from 1Q 2025). Net income: €66.0m (down 33% from 1Q 2025). Profit margin: 9.2% (up from 8.7% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Integrated Utilities industry in Europe.お知らせ • Mar 20ACEA S.p.A. has filed a Follow-on Equity Offering in the amount of €195.5 million.ACEA S.p.A. has filed a Follow-on Equity Offering in the amount of €195.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 8,500,000 Price\Range: €23Declared Dividend • Mar 19Dividend of €1.20 announcedShareholders will receive a dividend of €1.20. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.5%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 18ACEA S.p.A. announces Annual dividend, payable on June 24, 2026ACEA S.p.A. announced Annual dividend of EUR 0.9500 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.Reported Earnings • Mar 16Full year 2025 earnings releasedFull year 2025 results: Revenue: €2.90b (down 30% from FY 2024). Net income: €406.2m (up 23% from FY 2024). Profit margin: 14% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Integrated Utilities industry in Europe.お知らせ • Feb 03ACEA S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026ACEA S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026お知らせ • Jan 31+ 2 more updatesACEA S.p.A. to Report Nine Months, 2026 Results on Nov 11, 2026ACEA S.p.A. announced that they will report nine months, 2026 results on Nov 11, 2026Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: €0.64 (vs €0.53 in 3Q 2024)Third quarter 2025 results: EPS: €0.64 (up from €0.53 in 3Q 2024). Revenue: €647.3m (down 42% from 3Q 2024). Net income: €136.8m (up 21% from 3Q 2024). Profit margin: 21% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks High level of debt (191% net debt to equity). Dividend is not well covered by cash flows (126% cash payout ratio).Upcoming Dividend • Jun 16Upcoming dividend of €0.95 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.8%).Reported Earnings • May 15First quarter 2025 earnings released: EPS: €0.46 (vs €0.39 in 1Q 2024)First quarter 2025 results: EPS: €0.46 (up from €0.39 in 1Q 2024). Revenue: €1.10b (up 11% from 1Q 2024). Net income: €98.0m (up 19% from 1Q 2024). Profit margin: 8.9% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Apr 15Full year 2024 earnings released: EPS: €1.56 (vs €1.38 in FY 2023)Full year 2024 results: EPS: €1.56 (up from €1.38 in FY 2023). Revenue: €4.12b (down 8.8% from FY 2023). Net income: €331.6m (up 13% from FY 2023). Profit margin: 8.1% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.お知らせ • Mar 19ACEA S.p.A., Annual General Meeting, Apr 28, 2025ACEA S.p.A., Annual General Meeting, Apr 28, 2025, at 10:00 W. Europe Standard Time.Declared Dividend • Mar 17Dividend increased to €0.95Dividend of €0.95 is 8.0% higher than last year. Ex-date: 23rd June 2025 Payment date: 25th June 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.7% over the next 3 years. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 14Full year 2024 earnings releasedFull year 2024 results: Revenue: €4.27b (down 5.8% from FY 2023). Net income: €331.6m (up 13% from FY 2023). Profit margin: 7.8% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Integrated Utilities industry in Europe.お知らせ • Mar 14ACEA S.p.A. announces Annual dividend, payable on June 25, 2025ACEA S.p.A. announced Annual dividend of EUR 0.9500 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.お知らせ • Jan 30+ 3 more updatesACEA S.p.A. to Report Q1, 2025 Results on May 14, 2025ACEA S.p.A. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.53 (vs €0.32 in 3Q 2023)Third quarter 2024 results: EPS: €0.53 (up from €0.32 in 3Q 2023). Revenue: €1.12b (up 4.2% from 3Q 2023). Net income: €113.3m (up 69% from 3Q 2023). Profit margin: 10% (up from 6.2% in 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €0.42 (vs €0.33 in 2Q 2023)Second quarter 2024 results: EPS: €0.42 (up from €0.33 in 2Q 2023). Revenue: €964.9m (down 4.2% from 2Q 2023). Net income: €89.1m (up 28% from 2Q 2023). Profit margin: 9.2% (up from 6.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.39 (vs €0.34 in 1Q 2023)First quarter 2024 results: EPS: €0.39 (up from €0.34 in 1Q 2023). Revenue: €1.03b (down 15% from 1Q 2023). Net income: €82.6m (up 14% from 1Q 2023). Profit margin: 8.0% (up from 6.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year.Declared Dividend • Mar 10Dividend of €0.88 announcedShareholders will receive a dividend of €0.88. Ex-date: 24th June 2024 Payment date: 26th June 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 07Full year 2023 earnings released: EPS: €1.38 (vs €1.32 in FY 2022)Full year 2023 results: EPS: €1.38 (up from €1.32 in FY 2022). Revenue: €4.65b (down 8.0% from FY 2022). Net income: €293.9m (up 5.1% from FY 2022). Profit margin: 6.3% (up from 5.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.お知らせ • Jan 31+ 4 more updatesACEA S.p.A. to Report Q1, 2024 Results on May 09, 2024ACEA S.p.A. announced that they will report Q1, 2024 results on May 09, 2024Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: €0.33 (vs €0.39 in 2Q 2022)Second quarter 2023 results: EPS: €0.33 (down from €0.39 in 2Q 2022). Revenue: €1.06b (down 3.4% from 2Q 2022). Net income: €69.9m (down 16% from 2Q 2022). Profit margin: 6.6% (down from 7.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Board Change • Jun 21Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Massimiliano Capece del Sasso is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Alessandro Caltagirone was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Upcoming Dividend • Jun 12Upcoming dividend of €0.85 per share at 6.1% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.8%). In line with average of industry peers (5.7%).Board Change • Apr 13High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive Chairwoman Barbara Marinali was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 15Full year 2022 earnings released: EPS: €1.32 (vs €1.47 in FY 2021)Full year 2022 results: EPS: €1.32 (down from €1.47 in FY 2021). Revenue: €4.96b (up 28% from FY 2021). Net income: €279.7m (down 11% from FY 2021). Profit margin: 5.6% (down from 8.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.お知らせ • Jan 31+ 1 more updateACEA S.p.A. to Report First Half, 2023 Results on Jul 26, 2023ACEA S.p.A. announced that they will report first half, 2023 results on Jul 26, 2023お知らせ • Jan 24ACEA S.p.A. (BIT:ACE) acquired remaining 35% stake in Deco SpA.ACEA S.p.A. (BIT:ACE) acquired remaining 35% stake in Deco SpA on January 23, 2023.ACEA S.p.A. (BIT:ACE) completed the acquisition of remaining 35% stake in Deco SpA on January 23, 2023.Reported Earnings • Nov 10Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €1.48b (up 61% from 3Q 2021). Net income: €74.4m (down 10% from 3Q 2021). Profit margin: 5.0% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 01Second quarter 2022 earnings released: EPS: €0.39 (vs €0.35 in 2Q 2021)Second quarter 2022 results: EPS: €0.39 (up from €0.35 in 2Q 2021). Revenue: €1.18b (up 38% from 2Q 2021). Net income: €83.6m (up 13% from 2Q 2021). Profit margin: 7.1% (down from 8.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.0% compared to a 5.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Buying Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €17.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 5.9%. For the next 3 years, revenue is forecast to decline by 2.3% per annum. Earnings is forecast to grow by 2.6% per annum over the same time period.Upcoming Dividend • Jun 13Upcoming dividend of €0.85 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of British dividend payers (4.9%). In line with average of industry peers (5.0%).Reported Earnings • May 13First quarter 2022 earnings released: EPS: €0.47 (vs €0.43 in 1Q 2021)First quarter 2022 results: EPS: €0.47 (up from €0.43 in 1Q 2021). Revenue: €1.17b (up 30% from 1Q 2021). Net income: €99.4m (up 8.1% from 1Q 2021). Profit margin: 8.5% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.7%, compared to a 5.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Board Change • Apr 27High number of new directorsCEO & Director Giuseppe Gola was the last director to join the board, commencing their role in 2020.Reported Earnings • Mar 15Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €1.47 (up from €1.34 in FY 2020). Revenue: €3.97b (up 22% from FY 2020). Net income: €313.3m (up 10.0% from FY 2020). Profit margin: 7.9% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to stay flat compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • Nov 14Third quarter 2021 earnings released: EPS €0.39 (vs €0.35 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €978.8m (up 19% from 3Q 2020). Net income: €82.8m (up 10% from 3Q 2020). Profit margin: 8.5% (down from 9.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS €0.39 (vs €0.34 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €867.9m (up 18% from 2Q 2020). Net income: €82.7m (up 13% from 2Q 2020). Profit margin: 9.5% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 14Upcoming dividend of €0.80 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (4.0%). In line with average of industry peers (4.0%).Reported Earnings • May 14First quarter 2021 earnings released: EPS €0.39 (vs €0.33 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €930.0m (up 12% from 1Q 2020). Net income: €83.1m (up 18% from 1Q 2020). Profit margin: 8.9% (up from 8.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.Reported Earnings • Mar 12Full year 2020 earnings releasedThe company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €3.38b (up 11% from FY 2019). Net income: €284.9m (flat on FY 2019). Profit margin: 8.4% (down from 9.3% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Mar 12Revenue misses expectationsRevenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 8.0%, compared to a 7.8% growth forecast for the Integrated Utilities industry in the United Kingdom.Is New 90 Day High Low • Feb 27New 90-day low: €16.22The company is down 11% from its price of €18.23 on 27 November 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.25 per share.Is New 90 Day High Low • Dec 03New 90-day low: €16.57The company is down 5.0% from its price of €17.46 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.61 per share.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.35The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €883.5m (up 18% from 3Q 2019). Net income: €75.0m (down 1.2% from 3Q 2019). Profit margin: 8.5% (down from 10% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 12%, compared to a 4.2% growth forecast for the Integrated Utilities industry in the United Kingdom.Is New 90 Day High Low • Oct 30New 90-day low: €16.81The company is down 4.0% from its price of €17.51 on 31 July 2020. The British market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Integrated Utilities industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.89 per share.Is New 90 Day High Low • Sep 29New 90-day high: €18.21The company is up 6.0% from its price of €17.10 on 01 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €75.90 per share.収支内訳ACEA の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史LSE:0MHD 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Mar 262,714379475031 Dec 252,703406457030 Sep 254,158393535030 Jun 254,145378519031 Mar 254,235347490031 Dec 244,119332499030 Sep 243,043354444030 Jun 243,570298450031 Mar 244,330304484031 Dec 234,516294489030 Sep 234,757232727030 Jun 235,094239653031 Mar 235,094253495031 Dec 225,054280477030 Sep 224,785322412030 Jun 224,306331401031 Mar 224,144330487031 Dec 213,873313404030 Sep 213,624315124030 Jun 213,508307118031 Mar 213,343297125031 Dec 203,250285116030 Sep 203,205284-84030 Jun 203,127284-19031 Mar 203,05027995031 Dec 193,06028497030 Sep 193,020275144030 Jun 192,975271129031 Mar 192,935269108031 Dec 182,865271110030 Sep 182,81124364030 Jun 182,75422049031 Mar 182,721192-16031 Dec 172,69718117030 Sep 172,71621423030 Jun 172,71721618031 Mar 172,73226117031 Dec 162,74126218030 Sep 162,71623914030 Jun 162,77922521031 Mar 162,79519126031 Dec 152,82817529030 Sep 152,861186422030 Jun 152,9011813720質の高い収益: 0MHDは 高品質の収益 を持っています。利益率の向上: 0MHDの現在の純利益率 (14%)は、昨年(8.2%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 0MHDの収益は過去 5 年間で年間5.3%増加しました。成長の加速: 0MHDの過去 1 年間の収益成長率 ( 9.2% ) は、5 年間の平均 ( 年間5.3%を上回っています。収益対業界: 0MHDの過去 1 年間の収益成長率 ( 9.2% ) はIntegrated Utilities業界-7.9%を上回りました。株主資本利益率高いROE: 0MHDの 自己資本利益率 ( 12.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 08:04終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ACEA S.p.A. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11 アナリスト機関Francesco SalaBanca Akros S.p.A. (ESN)Tommaso MarabiniBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)8 その他のアナリストを表示
Reported Earnings • May 17First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €717.7m (down 37% from 1Q 2025). Net income: €66.0m (down 33% from 1Q 2025). Profit margin: 9.2% (up from 8.7% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Integrated Utilities industry in Europe.
Reported Earnings • Mar 16Full year 2025 earnings releasedFull year 2025 results: Revenue: €2.90b (down 30% from FY 2024). Net income: €406.2m (up 23% from FY 2024). Profit margin: 14% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Integrated Utilities industry in Europe.
お知らせ • Feb 03ACEA S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026ACEA S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026
お知らせ • Jan 31+ 2 more updatesACEA S.p.A. to Report Nine Months, 2026 Results on Nov 11, 2026ACEA S.p.A. announced that they will report nine months, 2026 results on Nov 11, 2026
Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: €0.64 (vs €0.53 in 3Q 2024)Third quarter 2025 results: EPS: €0.64 (up from €0.53 in 3Q 2024). Revenue: €647.3m (down 42% from 3Q 2024). Net income: €136.8m (up 21% from 3Q 2024). Profit margin: 21% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: €0.46 (vs €0.39 in 1Q 2024)First quarter 2025 results: EPS: €0.46 (up from €0.39 in 1Q 2024). Revenue: €1.10b (up 11% from 1Q 2024). Net income: €98.0m (up 19% from 1Q 2024). Profit margin: 8.9% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • May 17First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €717.7m (down 37% from 1Q 2025). Net income: €66.0m (down 33% from 1Q 2025). Profit margin: 9.2% (up from 8.7% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Integrated Utilities industry in Europe.
お知らせ • Mar 20ACEA S.p.A. has filed a Follow-on Equity Offering in the amount of €195.5 million.ACEA S.p.A. has filed a Follow-on Equity Offering in the amount of €195.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 8,500,000 Price\Range: €23
Declared Dividend • Mar 19Dividend of €1.20 announcedShareholders will receive a dividend of €1.20. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.5%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 18ACEA S.p.A. announces Annual dividend, payable on June 24, 2026ACEA S.p.A. announced Annual dividend of EUR 0.9500 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
Reported Earnings • Mar 16Full year 2025 earnings releasedFull year 2025 results: Revenue: €2.90b (down 30% from FY 2024). Net income: €406.2m (up 23% from FY 2024). Profit margin: 14% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Integrated Utilities industry in Europe.
お知らせ • Feb 03ACEA S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026ACEA S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026
お知らせ • Jan 31+ 2 more updatesACEA S.p.A. to Report Nine Months, 2026 Results on Nov 11, 2026ACEA S.p.A. announced that they will report nine months, 2026 results on Nov 11, 2026
Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: €0.64 (vs €0.53 in 3Q 2024)Third quarter 2025 results: EPS: €0.64 (up from €0.53 in 3Q 2024). Revenue: €647.3m (down 42% from 3Q 2024). Net income: €136.8m (up 21% from 3Q 2024). Profit margin: 21% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks High level of debt (191% net debt to equity). Dividend is not well covered by cash flows (126% cash payout ratio).
Upcoming Dividend • Jun 16Upcoming dividend of €0.95 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.8%).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: €0.46 (vs €0.39 in 1Q 2024)First quarter 2025 results: EPS: €0.46 (up from €0.39 in 1Q 2024). Revenue: €1.10b (up 11% from 1Q 2024). Net income: €98.0m (up 19% from 1Q 2024). Profit margin: 8.9% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Apr 15Full year 2024 earnings released: EPS: €1.56 (vs €1.38 in FY 2023)Full year 2024 results: EPS: €1.56 (up from €1.38 in FY 2023). Revenue: €4.12b (down 8.8% from FY 2023). Net income: €331.6m (up 13% from FY 2023). Profit margin: 8.1% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.
お知らせ • Mar 19ACEA S.p.A., Annual General Meeting, Apr 28, 2025ACEA S.p.A., Annual General Meeting, Apr 28, 2025, at 10:00 W. Europe Standard Time.
Declared Dividend • Mar 17Dividend increased to €0.95Dividend of €0.95 is 8.0% higher than last year. Ex-date: 23rd June 2025 Payment date: 25th June 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.7% over the next 3 years. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 14Full year 2024 earnings releasedFull year 2024 results: Revenue: €4.27b (down 5.8% from FY 2023). Net income: €331.6m (up 13% from FY 2023). Profit margin: 7.8% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Integrated Utilities industry in Europe.
お知らせ • Mar 14ACEA S.p.A. announces Annual dividend, payable on June 25, 2025ACEA S.p.A. announced Annual dividend of EUR 0.9500 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
お知らせ • Jan 30+ 3 more updatesACEA S.p.A. to Report Q1, 2025 Results on May 14, 2025ACEA S.p.A. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.53 (vs €0.32 in 3Q 2023)Third quarter 2024 results: EPS: €0.53 (up from €0.32 in 3Q 2023). Revenue: €1.12b (up 4.2% from 3Q 2023). Net income: €113.3m (up 69% from 3Q 2023). Profit margin: 10% (up from 6.2% in 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €0.42 (vs €0.33 in 2Q 2023)Second quarter 2024 results: EPS: €0.42 (up from €0.33 in 2Q 2023). Revenue: €964.9m (down 4.2% from 2Q 2023). Net income: €89.1m (up 28% from 2Q 2023). Profit margin: 9.2% (up from 6.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.39 (vs €0.34 in 1Q 2023)First quarter 2024 results: EPS: €0.39 (up from €0.34 in 1Q 2023). Revenue: €1.03b (down 15% from 1Q 2023). Net income: €82.6m (up 14% from 1Q 2023). Profit margin: 8.0% (up from 6.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year.
Declared Dividend • Mar 10Dividend of €0.88 announcedShareholders will receive a dividend of €0.88. Ex-date: 24th June 2024 Payment date: 26th June 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 07Full year 2023 earnings released: EPS: €1.38 (vs €1.32 in FY 2022)Full year 2023 results: EPS: €1.38 (up from €1.32 in FY 2022). Revenue: €4.65b (down 8.0% from FY 2022). Net income: €293.9m (up 5.1% from FY 2022). Profit margin: 6.3% (up from 5.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.
お知らせ • Jan 31+ 4 more updatesACEA S.p.A. to Report Q1, 2024 Results on May 09, 2024ACEA S.p.A. announced that they will report Q1, 2024 results on May 09, 2024
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: €0.33 (vs €0.39 in 2Q 2022)Second quarter 2023 results: EPS: €0.33 (down from €0.39 in 2Q 2022). Revenue: €1.06b (down 3.4% from 2Q 2022). Net income: €69.9m (down 16% from 2Q 2022). Profit margin: 6.6% (down from 7.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Board Change • Jun 21Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Massimiliano Capece del Sasso is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Alessandro Caltagirone was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • Jun 12Upcoming dividend of €0.85 per share at 6.1% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.8%). In line with average of industry peers (5.7%).
Board Change • Apr 13High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive Chairwoman Barbara Marinali was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: €1.32 (vs €1.47 in FY 2021)Full year 2022 results: EPS: €1.32 (down from €1.47 in FY 2021). Revenue: €4.96b (up 28% from FY 2021). Net income: €279.7m (down 11% from FY 2021). Profit margin: 5.6% (down from 8.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.
お知らせ • Jan 31+ 1 more updateACEA S.p.A. to Report First Half, 2023 Results on Jul 26, 2023ACEA S.p.A. announced that they will report first half, 2023 results on Jul 26, 2023
お知らせ • Jan 24ACEA S.p.A. (BIT:ACE) acquired remaining 35% stake in Deco SpA.ACEA S.p.A. (BIT:ACE) acquired remaining 35% stake in Deco SpA on January 23, 2023.ACEA S.p.A. (BIT:ACE) completed the acquisition of remaining 35% stake in Deco SpA on January 23, 2023.
Reported Earnings • Nov 10Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €1.48b (up 61% from 3Q 2021). Net income: €74.4m (down 10% from 3Q 2021). Profit margin: 5.0% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 01Second quarter 2022 earnings released: EPS: €0.39 (vs €0.35 in 2Q 2021)Second quarter 2022 results: EPS: €0.39 (up from €0.35 in 2Q 2021). Revenue: €1.18b (up 38% from 2Q 2021). Net income: €83.6m (up 13% from 2Q 2021). Profit margin: 7.1% (down from 8.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.0% compared to a 5.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Buying Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €17.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 5.9%. For the next 3 years, revenue is forecast to decline by 2.3% per annum. Earnings is forecast to grow by 2.6% per annum over the same time period.
Upcoming Dividend • Jun 13Upcoming dividend of €0.85 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of British dividend payers (4.9%). In line with average of industry peers (5.0%).
Reported Earnings • May 13First quarter 2022 earnings released: EPS: €0.47 (vs €0.43 in 1Q 2021)First quarter 2022 results: EPS: €0.47 (up from €0.43 in 1Q 2021). Revenue: €1.17b (up 30% from 1Q 2021). Net income: €99.4m (up 8.1% from 1Q 2021). Profit margin: 8.5% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.7%, compared to a 5.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Board Change • Apr 27High number of new directorsCEO & Director Giuseppe Gola was the last director to join the board, commencing their role in 2020.
Reported Earnings • Mar 15Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €1.47 (up from €1.34 in FY 2020). Revenue: €3.97b (up 22% from FY 2020). Net income: €313.3m (up 10.0% from FY 2020). Profit margin: 7.9% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to stay flat compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • Nov 14Third quarter 2021 earnings released: EPS €0.39 (vs €0.35 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €978.8m (up 19% from 3Q 2020). Net income: €82.8m (up 10% from 3Q 2020). Profit margin: 8.5% (down from 9.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS €0.39 (vs €0.34 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €867.9m (up 18% from 2Q 2020). Net income: €82.7m (up 13% from 2Q 2020). Profit margin: 9.5% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 14Upcoming dividend of €0.80 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (4.0%). In line with average of industry peers (4.0%).
Reported Earnings • May 14First quarter 2021 earnings released: EPS €0.39 (vs €0.33 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €930.0m (up 12% from 1Q 2020). Net income: €83.1m (up 18% from 1Q 2020). Profit margin: 8.9% (up from 8.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.
Reported Earnings • Mar 12Full year 2020 earnings releasedThe company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €3.38b (up 11% from FY 2019). Net income: €284.9m (flat on FY 2019). Profit margin: 8.4% (down from 9.3% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Mar 12Revenue misses expectationsRevenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 8.0%, compared to a 7.8% growth forecast for the Integrated Utilities industry in the United Kingdom.
Is New 90 Day High Low • Feb 27New 90-day low: €16.22The company is down 11% from its price of €18.23 on 27 November 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.25 per share.
Is New 90 Day High Low • Dec 03New 90-day low: €16.57The company is down 5.0% from its price of €17.46 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.61 per share.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.35The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €883.5m (up 18% from 3Q 2019). Net income: €75.0m (down 1.2% from 3Q 2019). Profit margin: 8.5% (down from 10% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 12%, compared to a 4.2% growth forecast for the Integrated Utilities industry in the United Kingdom.
Is New 90 Day High Low • Oct 30New 90-day low: €16.81The company is down 4.0% from its price of €17.51 on 31 July 2020. The British market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Integrated Utilities industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.89 per share.
Is New 90 Day High Low • Sep 29New 90-day high: €18.21The company is up 6.0% from its price of €17.10 on 01 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €75.90 per share.