ACEA Past Earnings Performance
Past criteria checks 3/6
ACEA has been growing earnings at an average annual rate of 4.9%, while the Integrated Utilities industry saw earnings growing at 10.1% annually. Revenues have been declining at an average rate of 10% per year. ACEA's return on equity is 11.6%, and it has net margins of 12.8%.
Key information
4.94%
Earnings growth rate
4.94%
EPS growth rate
| Integrated Utilities Industry Growth | 8.06% |
| Revenue growth rate | -10.00% |
| Return on equity | 11.56% |
| Net Margin | 12.84% |
| Next Earnings Update | 13 Nov 2026 |
Recent past performance updates
Recent updates
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.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.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...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.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.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...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.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.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.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...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.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...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.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...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.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...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...
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.Revenue & Expenses Breakdown
How ACEA makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 2,814 | 361 | 528 | 0 |
| 31 Mar 26 | 2,767 | 379 | 525 | 0 |
| 31 Dec 25 | 2,756 | 406 | 519 | 0 |
| 30 Sep 25 | 2,841 | 376 | 523 | 0 |
| 30 Jun 25 | 2,828 | 362 | 507 | 0 |
| 31 Mar 25 | 2,413 | 326 | 413 | 0 |
| 31 Dec 24 | 2,748 | 315 | 458 | 0 |
| 30 Sep 24 | 3,043 | 354 | 444 | 0 |
| 30 Jun 24 | 3,570 | 298 | 450 | 0 |
| 31 Mar 24 | 4,330 | 304 | 484 | 0 |
| 31 Dec 23 | 4,516 | 294 | 489 | 0 |
| 30 Sep 23 | 4,757 | 232 | 727 | 0 |
| 30 Jun 23 | 5,094 | 239 | 653 | 0 |
| 31 Mar 23 | 5,094 | 253 | 495 | 0 |
| 31 Dec 22 | 5,054 | 280 | 477 | 0 |
| 30 Sep 22 | 4,785 | 322 | 412 | 0 |
| 30 Jun 22 | 4,306 | 331 | 401 | 0 |
| 31 Mar 22 | 4,144 | 330 | 487 | 0 |
| 31 Dec 21 | 3,873 | 313 | 404 | 0 |
| 30 Sep 21 | 3,624 | 315 | 124 | 0 |
| 30 Jun 21 | 3,508 | 307 | 118 | 0 |
| 31 Mar 21 | 3,343 | 297 | 125 | 0 |
| 31 Dec 20 | 3,250 | 285 | 116 | 0 |
| 30 Sep 20 | 3,205 | 284 | -84 | 0 |
| 30 Jun 20 | 3,127 | 284 | -19 | 0 |
| 31 Mar 20 | 3,050 | 279 | 95 | 0 |
| 31 Dec 19 | 3,060 | 284 | 97 | 0 |
| 30 Sep 19 | 3,020 | 275 | 144 | 0 |
| 30 Jun 19 | 2,975 | 271 | 129 | 0 |
| 31 Mar 19 | 2,935 | 269 | 108 | 0 |
| 31 Dec 18 | 2,865 | 271 | 110 | 0 |
| 30 Sep 18 | 2,811 | 243 | 64 | 0 |
| 30 Jun 18 | 2,754 | 220 | 49 | 0 |
| 31 Mar 18 | 2,721 | 192 | -16 | 0 |
| 31 Dec 17 | 2,697 | 181 | 17 | 0 |
| 30 Sep 17 | 2,716 | 214 | 23 | 0 |
| 30 Jun 17 | 2,717 | 216 | 18 | 0 |
| 31 Mar 17 | 2,732 | 261 | 17 | 0 |
| 31 Dec 16 | 2,741 | 262 | 18 | 0 |
| 30 Sep 16 | 2,716 | 239 | 14 | 0 |
| 30 Jun 16 | 2,779 | 225 | 21 | 0 |
| 31 Mar 16 | 2,795 | 191 | 26 | 0 |
| 31 Dec 15 | 2,828 | 175 | 29 | 0 |
| 30 Sep 15 | 2,861 | 186 | 422 | 0 |
Quality Earnings: ACE has high quality earnings.
Growing Profit Margin: ACE's current net profit margins (12.8%) are higher than last year (12.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ACE's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: ACE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACE had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Integrated Utilities industry average (-1.7%).
Return on Equity
High ROE: ACE's Return on Equity (11.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/18 17:57 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Francesco Sala | Banca Akros S.p.A. (ESN) |
| Tommaso Marabini | Banca Akros S.p.A. (ESN) |
| Stefano Bezzato | BofA Global Research |