ACEA S.p.A.

BIT:ACE Stock Report

Market Cap: €4.3b

ACEA Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Fabrizio Palermo

Chief executive officer

€2.6m

Total compensation

CEO salary percentage30.37%
CEO tenure4yrs
CEO ownershipn/a
Management average tenure3yrs
Board average tenure3.4yrs

Recent management 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.

CEO Compensation Analysis

How has Fabrizio Palermo's remuneration changed compared to ACEA's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

€361m

Mar 31 2026n/an/a

€379m

Dec 31 2025€3m€775k

€406m

Sep 30 2025n/an/a

€376m

Jun 30 2025n/an/a

€362m

Mar 31 2025n/an/a

€326m

Dec 31 2024€1m€775k

€315m

Sep 30 2024n/an/a

€354m

Jun 30 2024n/an/a

€298m

Mar 31 2024n/an/a

€304m

Dec 31 2023€2m€1m

€294m

Sep 30 2023n/an/a

€232m

Jun 30 2023n/an/a

€239m

Mar 31 2023n/an/a

€253m

Dec 31 2022€399k€399k

€280m

Compensation vs Market: Fabrizio's total compensation ($USD2.93M) is about average for companies of similar size in the Italian market ($USD2.93M).

Compensation vs Earnings: Fabrizio's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Fabrizio Palermo (55 yo)

4yrs
Tenure
€2,552,042
Compensation

Mr. Fabrizio Palermo is Independent Non-executive Director of Assicurazioni Generali S.p.A since April 24, 2025. Mr. Palermo serves as Chief Executive Officer and Director of ACEA S.p.A. since September 26...

Leadership Team

NamePositionTenureCompensationOwnership
Fabrizio Palermo
CEO, GM & Director4yrs€2.55mno data
Valentina Bracaglia
CFO & Head of Planningno datano datano data
Vittorio Zane
Chief Operating Officer1.8yrsno datano data
Dario Michi
Head of Investor Relations3yrsno datano data
Giuseppe Villano
Chief Legal & Compliance Officer2.8yrsno datano data
Virman Cusenza
Chief Communication Officer3.3yrsno datano data
Emiliano Ranati
Chief People & Security Officer1.8yrsno datano data
Valerio Marra
Chief Commercial Officer1.4yrsno datano data
Simone Bontempo
Chief Audit Officerno datano datano data
Marco Pastorello
Chief Tranformation Officer3yrsno datano data
Marco Ricciotti
Head of Mergers & Acquisitions3yrsno datano data
Valeria Santarossa
Head of Sponsorship & Value Liberality3yrsno datano data
3.0yrs
Average Tenure
56yo
Average Age

Experienced Management: ACE's management team is considered experienced (3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Fabrizio Palermo
CEO, GM & Director4yrs€2.55mno data
Alessandro Caltagirone
Non-Executive Director9.4yrs€45.00kno data
Francesco Buresti
CEO of Acea Acqua & Chairman of Acea Produzione2.1yrsno datano data
Antonino Cusimano
Independent Non-Executive Director3.4yrs€60.00kno data
Massimiliano Capece del Sasso
Independent Non-Executive Director11.4yrs€135.00k0.0060%
€ 260.7k
Vincenza Rutigliano
Non-Executive Director3.4yrs€105.00kno data
Elisabetta Maggini
Independent Non-Executive Director3.4yrs€117.50kno data
Alessandro Rivera
Chairmanno datano datano data
Angelo Piazza
Independent Non-Executive Director3.4yrs€90.00kno data
Barbara Marinali
Independent Deputy Chairman3.6yrs€555.04kno data
Luisa Melara
Independent Non-Executive Director3.4yrs€75.00kno data
Giampiero Tasco
Chairman of Statutory Auditors1.7yrsno datano data
3.4yrs
Average Tenure
58yo
Average Age

Experienced Board: ACE's board of directors are considered experienced (3.4 years average tenure).

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