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ACEA BIT:ACE Stock Report

Last Price

€18.25

Market Cap

€3.9b

7D

1.1%

1Y

36.3%

Updated

22 Dec, 2024

Data

Company Financials +

ACEA S.p.A.

BIT:ACE Stock Report

Market Cap: €3.9b

ACE Stock Overview

Operates as a multi-utility company in Italy. More details

ACE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends4/6

Rewards

Trading at 54.1% below our estimate of its fair value

Earnings grew by 59.4% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 0.2% per year for the next 3 years

Has a high level of debt

Dividend of 4.82% is not well covered by free cash flows


My Notes

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Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 4 Analysts

Tariff Uncertainties And Regulatory Risks Threaten Revenue Growth And Profitability

Key Takeaways Overvaluation risks exist due to investor optimism amid uncertain tariff increases and potential slower revenue growth. Profitability could decline from reduced regulatory WACC and intense competition affecting net margins and EBITDA.
View narrative
€19.75
FV
7.6% undervalued intrinsic discount
0.25%
Revenue growth p.a.
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2 days ago author updated this narrative

ACEA S.p.A. Competitors

Hera

BIT:HER

€4.8b

Iren

BIT:IRE

€2.4b

A2A

BIT:A2A

€6.6b

Italgas

BIT:IG

€4.3b

Price History & Performance

Summary of share price highs, lows and changes for ACEA
Historical stock prices
Current Share Price€18.25
52 Week High€19.02
52 Week Low€13.30
Beta0.86
1 Month Change2.53%
3 Month Change3.05%
1 Year Change36.30%
3 Year Change-2.82%
5 Year Change-0.92%
Change since IPO62.95%

Recent News & Updates

ACEA (BIT:ACE) Use Of Debt Could Be Considered Risky

Dec 12
ACEA (BIT:ACE) Use Of Debt Could Be Considered Risky

Solid Earnings May Not Tell The Whole Story For ACEA (BIT:ACE)

Nov 27
Solid Earnings May Not Tell The Whole Story For ACEA (BIT:ACE)

Is There Now An Opportunity In ACEA S.p.A. (BIT:ACE)?

Nov 05
Is There Now An Opportunity In ACEA S.p.A. (BIT:ACE)?

Slowing Rates Of Return At ACEA (BIT:ACE) Leave Little Room For Excitement

Sep 21
Slowing Rates Of Return At ACEA (BIT:ACE) Leave Little Room For Excitement

Recent updates

ACEA (BIT:ACE) Use Of Debt Could Be Considered Risky

Dec 12
ACEA (BIT:ACE) Use Of Debt Could Be Considered Risky

Solid Earnings May Not Tell The Whole Story For ACEA (BIT:ACE)

Nov 27
Solid Earnings May Not Tell The Whole Story For ACEA (BIT:ACE)

Is There Now An Opportunity In ACEA S.p.A. (BIT:ACE)?

Nov 05
Is There Now An Opportunity In ACEA S.p.A. (BIT:ACE)?

Slowing Rates Of Return At ACEA (BIT:ACE) Leave Little Room For Excitement

Sep 21
Slowing Rates Of Return At ACEA (BIT:ACE) Leave Little Room For Excitement

Little Excitement Around ACEA S.p.A.'s (BIT:ACE) Earnings

Sep 06
Little Excitement Around ACEA S.p.A.'s (BIT:ACE) Earnings

Here's What Analysts Are Forecasting For ACEA S.p.A. (BIT:ACE) After Its Half-Yearly Results

Jul 28
Here's What Analysts Are Forecasting For ACEA S.p.A. (BIT:ACE) After Its Half-Yearly Results

Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

Jul 25
Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

ACEA's (BIT:ACE) Returns Have Hit A Wall

Jun 08
ACEA's (BIT:ACE) Returns Have Hit A Wall

ACEA S.p.A.'s (BIT:ACE) Intrinsic Value Is Potentially 47% Above Its Share Price

May 25
ACEA S.p.A.'s (BIT:ACE) Intrinsic Value Is Potentially 47% Above Its Share Price

ACEA (BIT:ACE) Has A Somewhat Strained Balance Sheet

Apr 24
ACEA (BIT:ACE) Has A Somewhat Strained Balance Sheet

We Think That There Are Some Issues For ACEA (BIT:ACE) Beyond Its Promising Earnings

Apr 05
We Think That There Are Some Issues For ACEA (BIT:ACE) Beyond Its Promising Earnings

Lacklustre Performance Is Driving ACEA S.p.A.'s (BIT:ACE) Low P/E

Mar 27
Lacklustre Performance Is Driving ACEA S.p.A.'s (BIT:ACE) Low P/E

Earnings Update: Here's Why Analysts Just Lifted Their ACEA S.p.A. (BIT:ACE) Price Target To €15.98

Mar 09
Earnings Update: Here's Why Analysts Just Lifted Their ACEA S.p.A. (BIT:ACE) Price Target To €15.98

ACEA (BIT:ACE) May Have Issues Allocating Its Capital

Mar 05
ACEA (BIT:ACE) May Have Issues Allocating Its Capital

Calculating The Intrinsic Value Of ACEA S.p.A. (BIT:ACE)

Feb 13
Calculating The Intrinsic Value Of ACEA S.p.A. (BIT:ACE)

Does ACEA (BIT:ACE) Have A Healthy Balance Sheet?

Jan 12
Does ACEA (BIT:ACE) Have A Healthy Balance Sheet?

ACEA S.p.A.'s (BIT:ACE) Earnings Are Not Doing Enough For Some Investors

Dec 26
ACEA S.p.A.'s (BIT:ACE) Earnings Are Not Doing Enough For Some Investors

Estimating The Fair Value Of ACEA S.p.A. (BIT:ACE)

Nov 10
Estimating The Fair Value Of ACEA S.p.A. (BIT:ACE)

Capital Allocation Trends At ACEA (BIT:ACE) Aren't Ideal

Oct 26
Capital Allocation Trends At ACEA (BIT:ACE) Aren't Ideal

Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

Sep 21
Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

Calculating The Intrinsic Value Of ACEA S.p.A. (BIT:ACE)

Jul 25
Calculating The Intrinsic Value Of ACEA S.p.A. (BIT:ACE)

Returns On Capital At ACEA (BIT:ACE) Have Stalled

Jun 23
Returns On Capital At ACEA (BIT:ACE) Have Stalled

Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

Jun 08
Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

ACEA (BIT:ACE) Has Announced A Dividend Of €0.85

May 07
ACEA (BIT:ACE) Has Announced A Dividend Of €0.85

Should You Think About Buying ACEA S.p.A. (BIT:ACE) Now?

May 04
Should You Think About Buying ACEA S.p.A. (BIT:ACE) Now?

ACEA (BIT:ACE) Will Pay A Dividend Of €0.85

Apr 05
ACEA (BIT:ACE) Will Pay A Dividend Of €0.85

Is ACEA S.p.A. (BIT:ACE) Worth €12.6 Based On Its Intrinsic Value?

Mar 31
Is ACEA S.p.A. (BIT:ACE) Worth €12.6 Based On Its Intrinsic Value?

ACEA (BIT:ACE) Is Due To Pay A Dividend Of €0.85

Mar 12
ACEA (BIT:ACE) Is Due To Pay A Dividend Of €0.85

Industry Analysts Just Upgraded Their ACEA S.p.A. (BIT:ACE) Revenue Forecasts By 11%

Mar 11
Industry Analysts Just Upgraded Their ACEA S.p.A. (BIT:ACE) Revenue Forecasts By 11%

ACEA (BIT:ACE) Has A Somewhat Strained Balance Sheet

Feb 05
ACEA (BIT:ACE) Has A Somewhat Strained Balance Sheet

Is ACEA S.p.A. (BIT:ACE) Potentially Undervalued?

Jan 21
Is ACEA S.p.A. (BIT:ACE) Potentially Undervalued?

Investors Met With Slowing Returns on Capital At ACEA (BIT:ACE)

Jan 05
Investors Met With Slowing Returns on Capital At ACEA (BIT:ACE)

Is Now An Opportune Moment To Examine ACEA S.p.A. (BIT:ACE)?

Oct 18
Is Now An Opportune Moment To Examine ACEA S.p.A. (BIT:ACE)?

ACEA's (BIT:ACE) Returns Have Hit A Wall

Sep 30
ACEA's (BIT:ACE) Returns Have Hit A Wall

Is ACEA (BIT:ACE) Using Too Much Debt?

Aug 17
Is ACEA (BIT:ACE) Using Too Much Debt?

ACEA S.p.A. (BIT:ACE) Shares Could Be 25% Below Their Intrinsic Value Estimate

Aug 03
ACEA S.p.A. (BIT:ACE) Shares Could Be 25% Below Their Intrinsic Value Estimate

Should You Think About Buying ACEA S.p.A. (BIT:ACE) Now?

Jul 06
Should You Think About Buying ACEA S.p.A. (BIT:ACE) Now?

Broker Revenue Forecasts For ACEA S.p.A. (BIT:ACE) Are Surging Higher

Jun 22
Broker Revenue Forecasts For ACEA S.p.A. (BIT:ACE) Are Surging Higher

ACEA (BIT:ACE) May Have Issues Allocating Its Capital

Jun 17
ACEA (BIT:ACE) May Have Issues Allocating Its Capital

Is ACEA (BIT:ACE) Using Too Much Debt?

May 01
Is ACEA (BIT:ACE) Using Too Much Debt?

ACEA S.p.A.'s (BIT:ACE) Intrinsic Value Is Potentially 24% Below Its Share Price

Apr 06
ACEA S.p.A.'s (BIT:ACE) Intrinsic Value Is Potentially 24% Below Its Share Price

Is Now An Opportune Moment To Examine ACEA S.p.A. (BIT:ACE)?

Mar 23
Is Now An Opportune Moment To Examine ACEA S.p.A. (BIT:ACE)?

ACEA's (BIT:ACE) Returns On Capital Not Reflecting Well On The Business

Mar 09
ACEA's (BIT:ACE) Returns On Capital Not Reflecting Well On The Business

Do ACEA's (BIT:ACE) Earnings Warrant Your Attention?

Jan 31
Do ACEA's (BIT:ACE) Earnings Warrant Your Attention?

Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

Jan 19
Here's Why ACEA (BIT:ACE) Is Weighed Down By Its Debt Load

Should You Think About Buying ACEA S.p.A. (BIT:ACE) Now?

Dec 12
Should You Think About Buying ACEA S.p.A. (BIT:ACE) Now?

The Returns On Capital At ACEA (BIT:ACE) Don't Inspire Confidence

Nov 29
The Returns On Capital At ACEA (BIT:ACE) Don't Inspire Confidence

Here's Why We Think ACEA (BIT:ACE) Is Well Worth Watching

Oct 23
Here's Why We Think ACEA (BIT:ACE) Is Well Worth Watching

ACEA (BIT:ACE) Takes On Some Risk With Its Use Of Debt

Sep 21
ACEA (BIT:ACE) Takes On Some Risk With Its Use Of Debt

Shareholder Returns

ACEIT Integrated UtilitiesIT Market
7D1.1%-3.0%-2.8%
1Y36.3%-8.4%8.5%

Return vs Industry: ACE exceeded the Italian Integrated Utilities industry which returned -8.4% over the past year.

Return vs Market: ACE exceeded the Italian Market which returned 8.5% over the past year.

Price Volatility

Is ACE's price volatile compared to industry and market?
ACE volatility
ACE Average Weekly Movement2.9%
Integrated Utilities Industry Average Movement2.6%
Market Average Movement4.3%
10% most volatile stocks in IT Market7.8%
10% least volatile stocks in IT Market2.5%

Stable Share Price: ACE has not had significant price volatility in the past 3 months compared to the Italian market.

Volatility Over Time: ACE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19099,372Fabrizio Palermowww.gruppo.acea.it

ACEA S.p.A., together with its subsidiaries, operates as a multi-utility company in Italy. The company operates through Environment, Commercial, Water, Water (Overseas), Production, Engineering & Infrastructure Projects, and Network & Smart Cities segment. It is involved in the water management, energy distribution and production, gas distribution, waste valorisation, handling of engineering services, and sale of electricity and natural gas, as well as supplies value added services.

ACEA S.p.A. Fundamentals Summary

How do ACEA's earnings and revenue compare to its market cap?
ACE fundamental statistics
Market cap€3.88b
Earnings (TTM)€369.47m
Revenue (TTM)€4.26b

10.5x

P/E Ratio

0.9x

P/S Ratio

Is ACE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ACE income statement (TTM)
Revenue€4.26b
Cost of Revenue€2.42b
Gross Profit€1.84b
Other Expenses€1.47b
Earnings€369.47m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.74
Gross Margin43.20%
Net Profit Margin8.67%
Debt/Equity Ratio193.4%

How did ACE perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

51%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ACEA S.p.A. is covered by 15 analysts. 4 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)
Andrea BelloliBanca Akros S.p.A. (ESN)
Andrea BelloliBanca Akros S.p.A. (ESN)