Executive Summary
ACEA S.p.A., together with its subsidiaries, operates as a multi-utility company in Italy.
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Fundamentals
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has ACEA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.0%
BIT:ACE
2.9%
IT Integrated Utilities
3.4%
IT Market
1 Year Return
36.2%
BIT:ACE
16.3%
IT Integrated Utilities
-1.9%
IT Market
ACE outperformed the Integrated Utilities industry which returned 15.6% over the past year.
ACE outperformed the Market in Italy which returned -3.6% over the past year.
Share holder returns
| ACE | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 2.9% | 3.4% |
| 30 Day | 3.3% | 0.9% | -3.7% |
| 90 Day | 8.0% | 8.2% | 1.6% |
| 1 Year | 41.9%36.2% | 20.8%16.3% | 2.3%-1.9% |
| 3 Year | 69.7%48.8% | 60.9%44.1% | 21.1%4.3% |
| 5 Year | 111.3%70.5% | 117.0%80.6% | 7.9%-35.6% |
Price Volatility Vs. Market
How volatile is ACEA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Did You Miss ACEA's (BIT:ACE) 69% Share Price Gain?1 week ago | Simply Wall St
ACEA (BIT:ACE) Has A Somewhat Strained Balance Sheet3 weeks ago | Simply Wall St
Read This Before Buying ACEA S.p.A. (BIT:ACE) For Its DividendValuation
Is ACEA undervalued based on future cash flows and its price relative to the stock market?
13.93x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
ACEA's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
ACEA's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
ACEA is good value based on earnings compared to the IT Integrated Utilities industry average.
ACEA is good value based on earnings compared to the Italy market.
Price Based on Expected Growth
ACEA is poor value based on expected growth next year.
Price Based on Value of Assets
ACEA is overvalued based on assets compared to the IT Integrated Utilities industry average.
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Future Growth
How is ACEA expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
ACEA's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
ACEA's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
ACEA's revenue growth is positive but not above the Italy market average.
ACEA's earnings growth is positive but not above the Italy market average.
ACEA's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Earnings per Share Growth Estimates
Future Return on Equity
ACEA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has ACEA performed over the past 5 years?
9.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
ACEA's year on year earnings growth rate has been positive over the past 5 years.
ACEA's 1-year earnings growth exceeds its 5-year average (23.4% vs 9.9%)
ACEA's earnings growth has exceeded the IT Integrated Utilities industry average in the past year (23.4% vs -25%).
Return on Equity
ACEA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
ACEA used its assets more efficiently than the IT Integrated Utilities industry average last year based on Return on Assets.
Return on Capital Employed
ACEA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is ACEA's financial position?
Financial Position Analysis
ACEA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
ACEA's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
ACEA's level of debt (217.5%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (199.3% vs 217.5% today).
Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.6x debt.
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Dividend
What is ACEA's current dividend yield, its reliability and sustainability?
4.42%
Expected Dividend Yield
Dividend Yield and Payments Analysis
ACEA's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.06%).
ACEA's dividend is below the markets top 25% of dividend payers in Italy (4.52%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.8x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
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Management
What is the CEO of ACEA's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average board tenure
CEO
Stefano Donnarumma (52yo)
2.3yrs
Tenure
Mr. Stefano Antonio Donnarumma has been the Chief Executive Officer and Managing Director of ACEA S.p.A. since May 3, 2017 and serves as its Director. Mr. Donnarumma worked for about 9 years in the product ...
Board Age and Tenure
2.3yrs
Average Tenure
51yo
Average Age
The average tenure for the ACEA board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Iolanda Papalini
Head of Administration & Financial Reporting
- Tenure: 0.0yrs
Giuseppe Gola (55yo)
CFO and Director of Finance
- Tenure: 2.0yrs
Paolo Zangrillo
Staff and Organization Executive
- Tenure: 0.0yrs
Stefano Donnarumma (52yo)
CEO, MD & Executive Director
- Tenure: 2.3yrs
Elvira Angrisani
Manager of Investor Relations
- Tenure: 0.0yrs
Board Members
Enrico Laghi (50yo)
Chairman of the Board of Statutory Auditors
- Tenure: 0.0yrs
- Compensation: €202.50k
Alessandro Caltagirone (50yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
Fabrice Rossignol (55yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
Giovanni Giani (69yo)
Independent Non-Executive Director
- Tenure: 7.8yrs
- Compensation: €30.00k
Massimiliano Capece del Sasso (51yo)
Independent Non-Executive Director
- Tenure: 4.3yrs
- Compensation: €20.58k
Michaela Castelli (49yo)
Non-Executive Chairperson
- Tenure: 1.2yrs
Stefano Donnarumma (52yo)
CEO, MD & Executive Director
- Tenure: 2.3yrs
Gabriella Chiellino (49yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
Liliana Godino (57yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
Maria Sterpetti
Director
- Tenure: 0.3yrs
Company Information
ACEA S.p.A.'s company bio, 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: €3.779b
- Shares outstanding: 212.55m
- Website: https://www.acea.it
Number of Employees
Location
- ACEA S.p.A.
- Piazzale Ostiense 2
- Rome
- Rome
- 154
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACE | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jul 1999 |
| 0MHD | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jul 1999 |
| ACEM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jul 1999 |
| DCA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 1999 |
Biography
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 Se ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 20:45 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.