A2A S.p.A.

BIT:A2A Stock Report

Market Cap: €7.1b

A2A Balance Sheet Health

Financial Health criteria checks 4/6

A2A has a total shareholder equity of €6.7B and total debt of €7.3B, which brings its debt-to-equity ratio to 109.9%. Its total assets and total liabilities are €23.4B and €16.7B respectively. A2A's EBIT is €1.2B making its interest coverage ratio 7.7. It has cash and short-term investments of €1.8B.

Key information

109.90%

Debt to equity ratio

€7.35b

Debt

Interest coverage ratio7.7x
Cash€1.83b
Equity€6.68b
Total liabilities€16.69b
Total assets€23.38b

Recent financial health updates

Recent updates

Narrative Update Jun 22

A2A: Stable Fundamentals And Dividend Commitment Will Support Forward Upside Potential

The latest narrative update on A2A reflects a modest reduction in the consensus analyst price target, with forecasts lowered by €0.20 as analysts factor in recent research that fine tunes their expectations for the stock. What's in the News No recent A2A specific news items were identified from the provided sources.
Narrative Update Jun 07

A2A: Dividend Commitment And Stable Assumptions Will Support Forward Confidence

Analysts have trimmed their price target on A2A by €0.20, citing updated views on the company’s long term revenue trends and profit margins. What's in the News A2A S.p.A. announced an annual dividend of €0.1040 per share.
Narrative Update May 24

A2A: Reset Assumptions And Dividend Outlook Will Support Forward Confidence

Analysts have reduced their price target on A2A by €0.20, reflecting updated assumptions around revenue growth, discount rates and profit margins following recent research. Analyst Commentary Analysts frame the €0.20 reduction in A2A's price target as a recalibration of expectations rather than a fundamental shift in the investment case, with views split between what could support value and what could weigh on it.
Narrative Update Feb 10

A2A: Updated Assumptions And 2026 Board Calendar Will Shape Measured Outlook

Narrative Update Analysts have lifted their fair value estimate for A2A from €2.71 to €2.81, citing updated assumptions around revenue growth, discount rate and future P/E as the key drivers behind the new price target. What's in the News Board meeting scheduled for March 17, 2026, to approve the draft financial statements and the 2025 consolidated financial statements (Key Developments).
Narrative Update Jan 25

A2A: Future Board Milestones And Stable Assumptions Will Support Measured Upside

Analysts have nudged their price target on A2A higher to €2.71 from €2.68, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples. What's in the News A2A has scheduled a board meeting on March 17, 2026 to approve the draft financial statements and the 2025 consolidated financial statements (company event calendar).
Narrative Update Jan 09

A2A: Higher Revenue Outlook And Stable Risk Profile Will Support Measured Upside

Analysts have slightly raised their price target for A2A, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions in their updated models. What's in the News A board meeting is scheduled for March 17, 2026, to approve the draft financial statements and the 2025 consolidated financial statements (company event calendar).
Narrative Update Dec 18

A2A: Improving Revenue Outlook Will Support Future Upside Despite Softer Margins

Analysts have nudged their price target on A2A slightly lower from €2.67 to €2.65. This reflects a modestly more cautious view on profit margins, even as revenue growth expectations improve.
Narrative Update Dec 04

A2A: Stable Discount Rate And Margins Will Support Forward Momentum

Analysts have raised their price target on A2A from €2.67 to €2.80, citing improved visibility on stable discount rates and steady long term profit margins, despite modestly negative revenue growth expectations. Valuation Changes Fair Value: unchanged at approximately €2.67 per share, indicating no material revision to intrinsic value estimates.
Analysis Article Dec 04

What Is A2A S.p.A.'s (BIT:A2A) Share Price Doing?

While A2A S.p.A. ( BIT:A2A ) might not have the largest market cap around , it saw significant share price movement...
Narrative Update Nov 20

A2A: Revenue Outlook Will Drive Forward Momentum Despite Margin Squeeze

Analysts have raised their price target for A2A from €2.49 to €2.67. They cited improved projections for revenue growth, despite a slightly higher discount rate and a marginal decrease in profit margin expectations.
Analysis Article Nov 08

A2A (BIT:A2A) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Aug 21

Insufficient Growth At A2A S.p.A. (BIT:A2A) Hampers Share Price

BIT:A2A 1 Year Share Price vs Fair Value Explore A2A's Fair Values from the Community and select yours When close to...
Analysis Article Aug 01

A2A (BIT:A2A) Ticks All The Boxes When It Comes To Earnings Growth

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Jul 14

Should You Investigate A2A S.p.A. (BIT:A2A) At €2.19?

A2A S.p.A. ( BIT:A2A ), is not the largest company out there, but it saw a decent share price growth of 14% on the BIT...
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New Narrative Nov 30

Hydropower Growth Powers Potential Amid Regulatory And Market Volatility Risks

Growth in EBITDA and net income, driven by renewable investments, suggests potential for increased earnings and stronger financial performance.

Financial Position Analysis

Short Term Liabilities: A2A's short term assets (€9.8B) exceed its short term liabilities (€9.0B).

Long Term Liabilities: A2A's short term assets (€9.8B) exceed its long term liabilities (€7.7B).


Debt to Equity History and Analysis

Debt Level: A2A's net debt to equity ratio (82.5%) is considered high.

Reducing Debt: A2A's debt to equity ratio has increased from 98.9% to 109.9% over the past 5 years.

Debt Coverage: A2A's debt is well covered by operating cash flow (22.7%).

Interest Coverage: A2A's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/25 17:30
End of Day Share Price 2026/06/25 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

A2A S.p.A. is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francesco SalaBanca Akros S.p.A. (ESN)
Tommaso MarabiniBanca Akros S.p.A. (ESN)
Oscar Nájar RíosBanco Santander