| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
ACE Overview
ACEA S.p.A., together with its subsidiaries, operates as a multi-utility company in Italy.
ACEA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €18.58 |
| 52 Week High | €16.02 |
| 52 Week Low | €21.48 |
| Beta | 0.93 |
| 1 Month Change | -5.97% |
| 3 Month Change | -5.20% |
| 1 Year Change | 8.02% |
| 3 Year Change | 61.85% |
| 5 Year Change | 57.46% |
| Change since IPO | 65.89% |
Recent News & Updates
Here's Why We Think ACEA (BIT:ACE) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
ACEA (BIT:ACE) Takes On Some Risk With Its Use Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
At €20.22, Is It Time To Put ACEA S.p.A. (BIT:ACE) On Your Watch List?
ACEA S.p.A. ( BIT:ACE ), might not be a large cap stock, but it saw significant share price movement during recent...
A Look At The Fair Value Of ACEA S.p.A. (BIT:ACE)
Today we will run through one way of estimating the intrinsic value of ACEA S.p.A. ( BIT:ACE ) by taking the forecast...
Some Investors May Be Worried About ACEA's (BIT:ACE) Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Shareholder Returns
| ACE | IT Integrated Utilities | IT Market | |
|---|---|---|---|
| 7D | 0.9% | 2.2% | 1.9% |
| 1Y | 8.0% | 12.3% | 39.3% |
Return vs Industry: ACE underperformed the Italian Integrated Utilities industry which returned 12.2% over the past year.
Return vs Market: ACE underperformed the Italian Market which returned 36.4% over the past year.
Price Volatility
| ACE volatility | |
|---|---|
| ACE Beta | 0.93 |
| Industry Beta | 0.86 |
| Market Beta | 1 |
Stable Share Price: ACE is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ACE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1909 | 9,291 | Giuseppe Gola | https://www.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 and Trading, Water, Energy Infrastructure, Engineering and Services, and Abroad segments. The Environment segment primarily engages in the treatment of waste and associated disposal.
ACEA Fundamentals Summary
| ACE fundamental statistics | |
|---|---|
| Market Cap | €3.95b |
| Earnings (TTM) | €306.99m |
| Revenue (TTM) | €3.45b |
12.9x
P/E Ratio1.1x
P/S RatioIs ACE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ACE income statement (TTM) | |
|---|---|
| Revenue | €3.45b |
| Cost of Revenue | €2.35b |
| Gross Profit | €1.10b |
| Expenses | €791.34m |
| Earnings | €306.99m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 10, 2021
| Earnings per share (EPS) | 1.44 |
| Gross Margin | 31.84% |
| Net Profit Margin | 8.90% |
| Debt/Equity Ratio | 220.0% |
How did ACE perform over the long term?
See historical performance and comparisonDividends
4.3%
Current Dividend Yield55%
Payout RatioValuation
Is ACEA undervalued compared to its fair value and its price relative to the market?
12.86x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ACE (€18.58) is trading above our estimate of fair value (€16.82)
Significantly Below Fair Value: ACE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ACE is good value based on its PE Ratio (12.9x) compared to the European Integrated Utilities industry average (16.1x).
PE vs Market: ACE is good value based on its PE Ratio (12.9x) compared to the Italian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: ACE is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: ACE is overvalued based on its PB Ratio (2x) compared to the XE Integrated Utilities industry average (1.7x).
Future Growth
How is ACEA forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
4.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACE's forecast earnings growth (4.3% per year) is above the savings rate (1.8%).
Earnings vs Market: ACE's earnings (4.3% per year) are forecast to grow slower than the Italian market (11.6% per year).
High Growth Earnings: ACE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACE's revenue (3.3% per year) is forecast to grow faster than the Italian market (2.1% per year).
High Growth Revenue: ACE's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACE's Return on Equity is forecast to be low in 3 years time (15.5%).
Past Performance
How has ACEA performed over the past 5 years?
6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACE has high quality earnings.
Growing Profit Margin: ACE's current net profit margins (8.9%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: ACE's earnings have grown by 6.7% per year over the past 5 years.
Accelerating Growth: ACE's earnings growth over the past year (7.9%) exceeds its 5-year average (6.7% per year).
Earnings vs Industry: ACE earnings growth over the past year (7.9%) underperformed the Integrated Utilities industry 28.8%.
Return on Equity
High ROE: ACE's Return on Equity (15%) is considered low.
Financial Health
How is ACEA's financial position?
Financial Position Analysis
Short Term Liabilities: ACE's short term assets (€2.7B) exceed its short term liabilities (€2.4B).
Long Term Liabilities: ACE's short term assets (€2.7B) do not cover its long term liabilities (€5.6B).
Debt to Equity History and Analysis
Debt Level: ACE's debt to equity ratio (220%) is considered high.
Reducing Debt: ACE's debt to equity ratio has increased from 174.1% to 220% over the past 5 years.
Debt Coverage: ACE's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: ACE's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
Dividend
What is ACEA current dividend yield, its reliability and sustainability?
4.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACE's dividend (4.31%) is higher than the bottom 25% of dividend payers in the Italian market (1.03%).
High Dividend: ACE's dividend (4.31%) is in the top 25% of dividend payers in the Italian market (3.49%)
Stability and Growth of Payments
Stable Dividend: ACE's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.5%), ACE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACE's dividends in 3 years are forecast to be covered by earnings (54.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Giuseppe Gola (57 yo)
1.42yrs
Tenure
Mr. Giuseppe Gola serves as the Chief Executive Officer and Director at Acea since May 29, 2020. Mr. Gola had been the Chief Financial Officer and Director of Finance, Administration and Contro of ACEA S.p...
Leadership Team
Experienced Management: ACE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: ACE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ACEA S.p.A.'s employee growth, exchange listings and data sources
Key Information
- Name: ACEA S.p.A.
- Ticker: ACE
- Exchange: BIT
- Founded: 1909
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: €3.949b
- Shares outstanding: 212.55m
- Website: https://www.gruppo.acea.it
Number of Employees
Location
- ACEA S.p.A.
- Piazzale Ostiense 2
- Rome
- Rome
- 154
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 21:33 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.