ACEA S.p.A.

BIT:ACE Stock Report

Market Cap: €4.3b

ACEA Future Growth

Future criteria checks 1/6

ACEA's earnings are forecast to decline at 2% per annum while its annual revenue is expected to grow at 6.9% per year. EPS is expected to decline by 4.5% per annum. Return on equity is forecast to be 13% in 3 years.

Key information

-2.0%

Earnings growth rate

-4.47%

EPS growth rate

Integrated Utilities earnings growth7.9%
Revenue growth rate6.9%
Future return on equity12.97%
Analyst coverage

Good

Last updated03 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 18

ACE: Bullish Research And Regulated EBITDA Will Support Higher Fair Value

Analysts have kept their fair value estimate for Acea steady at €26.08. The reaffirmed price target is supported by a newly bullish initiation from Street research that highlights the stock's prospects under current assumptions.
Narrative Update • Jun 03

ACE: Regulated EBITDA And Stable Leverage Will Support Higher Fair Value

ACEA's analyst price target has shifted from €24.90 to about €26.08, with analysts pointing to updated assumptions on revenue growth, profit margins and future P/E, alongside fresh bullish coverage from the Street as key drivers of the change. What's in the News ACEA reported a 4% change in organic pro forma EBITDA, with regulated businesses described as the main contributors.
Analysis Article • May 18

Is It Too Late To Consider Buying ACEA S.p.A. (BIT:ACE)?

While ACEA S.p.A. ( BIT:ACE ) might not have the largest market cap around , it received a lot of attention from a...
Narrative Update • Mar 13

ACE: Stable Margins And P/E Will Support Fair Value

Analysts have kept their ACEA price target broadly steady at about €24.90, reflecting largely unchanged views on fair value, discount rate, revenue trends, profit margins, and future P/E assumptions. Valuation Changes Fair Value: The estimated fair value is unchanged at about €24.90 per share.
Narrative Update • Feb 26

ACE: Stable Margins And P/E Assumptions Will Support Fair Value

Analysts have kept their fair value estimate for ACEA steady at €24.90, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin, and future P/E. Valuation Changes Fair Value: Kept unchanged at €24.90, indicating no revision to the analyst fair value estimate.
Analysis Article • Feb 12

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

ACEA S.p.A.'s ( BIT:ACE ) price-to-earnings (or "P/E") ratio of 13.7x might make it look like a buy right now compared...
Narrative Update • Feb 11

ACE: Softer Revenue Contraction And Richer P/E Assumptions Will Support Fair Value

Analysts have nudged their price target for ACEA higher from €24.24 to €24.90, citing a slightly lower discount rate, a modestly softer projected revenue contraction and profit margin, and a somewhat richer assumed future P/E multiple. Valuation Changes Fair Value: Price target adjusted from €24.24 to €24.90, indicating a small upward move in the estimated fair value range.
Narrative Update • Jan 26

ACE: Stable Margins And Refined Assumptions Will Support Fair Value

Analysts have raised their price target for ACEA from €23.68 to €24.24, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which slightly adjust their valuation framework. Valuation Changes Fair Value Estimate: updated from €23.68 to €24.24, representing a small upward adjustment in the target valuation.
Narrative Update • Jan 12

ACE: Stable Margins And Minor Assumption Shifts Will Support Fair Value

Analysts have maintained their fair value target for ACEA at €23.68, with only minor adjustments to the discount rate, long term revenue growth assumptions and future P/E. This reflects a view that recent information does not materially change their overall valuation stance.
Analysis Article • Jan 07

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

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Dec 15

ACE: Stable Margins And Lower Risk Will Support Future Fair Value

Analysts have nudged their price target for ACEA slightly higher to $23.68 from $23.68, reflecting marginally lower perceived risk and stable long term earnings expectations despite relatively flat growth and margin assumptions. Valuation Changes Fair Value: Unchanged at €23.68 per share, indicating stable long term intrinsic value estimates.
Analysis Article • Dec 12

Is Now The Time To Look At Buying ACEA S.p.A. (BIT:ACE)?

ACEA S.p.A. ( BIT:ACE ), is not the largest company out there, but it saw a double-digit share price rise of over 10...
Narrative Update • Dec 01

ACE: Profit Margin Improvements And Lower Discount Rate Will Support Fair Value

Analysts have raised their price target for ACEA from $23.43 to $23.68. This change reflects improved profit margin forecasts and a modest reduction in the expected discount rate.
Analysis Article • Nov 27

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

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update • Nov 17

ACE: Profitability Updates And Risk Adjustments Will Support Fair Value Outlook

Analysts have modestly increased their price target for ACEA from $22.80 to $23.43. This reflects updated views on profitability, despite recent adjustments to growth expectations and risk factors.
Analysis Article • Oct 28

Investors Don't See Light At End Of ACEA S.p.A.'s (BIT:ACE) Tunnel

When close to half the companies in Italy have price-to-earnings ratios (or "P/E's") above 18x, you may consider ACEA...
Analysis Article • Sep 27

Is ACEA (BIT:ACE) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
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New Narrative • Dec 19

Tariff Uncertainties And Regulatory Risks Threaten Revenue Growth And Profitability

Overvaluation risks exist due to investor optimism amid uncertain tariff increases and potential slower revenue growth.

Earnings and Revenue Growth Forecasts

BIT:ACE - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,6353612041,3286
12/31/20273,4983382001,2586
12/31/20263,3304501511,1066
6/30/20262,8143611941,787N/A
3/31/20262,7673793241,894N/A
12/31/20252,7564062321,763N/A
9/30/20252,8413763851,862N/A
6/30/20252,8283621991,702N/A
3/31/20252,4133262241,678N/A
12/31/20242,7483153211,760N/A
9/30/20243,043354-101,255N/A
6/30/20243,570298771,208N/A
3/31/20244,330304-185947N/A
12/31/20234,516294-321,111N/A
9/30/20234,757232-149970N/A
6/30/20235,094239-187940N/A
3/31/20235,094253-291,054N/A
12/31/20225,054280-171879N/A
9/30/20224,785322-135876N/A
6/30/20224,306331-163807N/A
3/31/20224,144330-198777N/A
12/31/20213,873313-222760N/A
9/30/20213,624315-108858N/A
6/30/20213,508307-35943N/A
3/31/20213,343297-28919N/A
12/31/20203,250285-80827N/A
9/30/20203,205284-146743N/A
6/30/20203,127284-142720N/A
3/31/20203,050279N/A736N/A
12/31/20193,060284N/A770N/A
9/30/20193,020275N/A836N/A
6/30/20192,975271N/A731N/A
3/31/20192,935269N/A770N/A
12/31/20182,865271N/A725N/A
9/30/20182,811243N/A494N/A
6/30/20182,754220N/A424N/A
3/31/20182,721192N/A358N/A
12/31/20172,697181N/A313N/A
9/30/20172,716214N/A487N/A
6/30/20172,717216N/A553N/A
3/31/20172,732261N/A722N/A
12/31/20162,741262N/A646N/A
9/30/20162,716239N/A644N/A
6/30/20162,779225N/A666N/A
3/31/20162,795191N/A592N/A
12/31/20152,828175N/A683N/A
9/30/20152,861186N/A855N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACE's earnings are forecast to decline over the next 3 years (-2% per year).

Earnings vs Market: ACE's earnings are forecast to decline over the next 3 years (-2% per year).

High Growth Earnings: ACE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ACE's revenue (6.9% per year) is forecast to grow faster than the Italian market (5.7% per year).

High Growth Revenue: ACE's revenue (6.9% 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 (13%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 17:57
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
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

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 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 Github.

Analyst Sources

ACEA S.p.A. is covered by 10 analysts. 6 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)
Stefano BezzatoBofA Global Research