(A2A) A2A S.p.A - Overview

Sector: Utilities | Industry: Utilities - Diversified | Exchange: MI (Italy) | Market Cap: 7.861m EUR | Total Return: 33.5% in 12m

Stock Energy, Waste, Water, Lighting

Total Rating 48

Safety 78

Buy Signal 0.40

Utilities - Diversified +1.6
Electric Utilities -0.3

Market Cap: 9,056m
Avg Trading Vol: 21.0M EUR

ATR: 2.61%
Peers RS (IBD): 45.6

Risk 5d forecast

Volatility23.5%

Rel. Tail Risk-5.29%

Reward TTM

Sharpe Ratio0.46

Alpha11.14

Character TTM

Beta0.165

Beta Downside-0.065

Drawdowns 3y

Max DD18.69%

CAGR/Max DD1.29

EPS (Earnings per Share)

EPS CAGR: 51.09%
EPS Trend: 70.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: -4.88%
Rev. Trend: -4.0%

Last SUE: 0.22
Qual. Beats: 0

Description: A2A A2A S.p.A

A2A S.p.A. operates as a multi-utility company. The companys core business involves electricity generation, distribution, and sale. It utilizes diverse energy sources, including renewables, a common strategy in the utility sector to meet sustainability goals and diversify generation portfolios.

Beyond electricity, A2A is active in gas distribution and sales, and district heating. Waste management is another significant segment, encompassing collection, treatment, and resource recovery, an essential service for urban infrastructure. Additionally, the company provides integrated water cycle management, a critical public service.

A2A also offers specialized services such as energy efficiency consulting, public lighting management, and electric mobility solutions. These services reflect a broader trend in the utility industry towards diversified offerings and smart city initiatives. To gain a deeper understanding of A2As operational metrics, further research on platforms like ValueRay is recommended.

Headlines to Watch Out For

Italian energy prices impact electricity and gas revenue
Regulatory changes affect waste management profitability
Hydropower generation fluctuates with weather patterns
Infrastructure investment drives long-term growth
Interest rate hikes increase financing costs

Piotroski VR‑10 (Strict) 6.5

Net Income: 1.21b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -1.07 > 1.0
NWC/Revenue: 0.32% < 20% (prev 11.36%; Δ -11.04% < -1%)
CFO/TA 0.19 > 3% & CFO 3.81b > Net Income 1.21b
Net Debt (5.55b) to EBITDA (2.84b): 1.95 < 3
Current Ratio: 1.01 > 1.5 & < 3
Outstanding Shares: last quarter (3.13b) vs 12m ago -0.14% < -2%
Gross Margin: 25.92% > 18% (prev 0.18%; Δ 2.57k% > 0.5%)
Asset Turnover: 112.3% > 50% (prev 70.39%; Δ 41.94% > 0%)
Interest Coverage Ratio: 651.3 > 6 (EBITDA TTM 2.84b / Interest Expense TTM 3.00m)

Altman Z'' 1.83

A: 0.00 (Total Current Assets 6.63b - Total Current Liabilities 6.56b) / Total Assets 19.59b
B: 0.21 (Retained Earnings 4.06b / Total Assets 19.59b)
C: 0.11 (EBIT TTM 1.95b / Avg Total Assets 18.61b)
D: 0.41 (Book Value of Equity 5.69b / Total Liabilities 13.91b)
Altman-Z'' Score: 1.83 = BBB

Beneish M -3.06

DSRI: 0.84 (Receivables 3.75b/2.64b, Revenue 20.90b/12.41b)
GMI: 0.68 (GM 25.92% / 17.64%)
AQI: 1.05 (AQ_t 0.28 / AQ_t-1 0.27)
SGI: 1.68 (Revenue 20.90b / 12.41b)
TATA: -0.13 (NI 1.21b - CFO 3.81b) / TA 19.59b)
Beneish M-Score: -3.06 (Cap -4..+1) = AA

What is the price of A2A shares? As of April 06, 2026, the stock is trading at EUR 2.51 with a total of 10,386,806 shares traded.
Over the past week, the price has changed by +3.08%, over one month by +8.89%, over three months by +8.94% and over the past year by +33.48%.

Is A2A a buy, sell or hold? A2A S.p.A has no consensus analysts rating.

What are the forecasts/targets for the A2A price?

Wallstreet Target Price	2.6	4%
Analysts Target Price	-	-

A2A Fundamental Data Overview as of 02 April 2026

Market Cap USD = 9.06b (7.86b EUR * 1.152 EUR.USD)
P/E Trailing = 9.4038
P/E Forward = 12.0337
P/S = 0.5412
P/B = 1.2579
P/EG = 0.8444
Revenue TTM = 20.90b EUR
EBIT TTM = 1.95b EUR
EBITDA TTM = 2.84b EUR
Long Term Debt = 5.56b EUR (from longTermDebt, last quarter)
Short Term Debt = 913.0m EUR (from shortLongTermDebt, last fiscal year)
Debt = 6.47b EUR (Calculated: Short Term 913.0m + Long Term 5.56b)
Net Debt = 5.55b EUR (from netDebt column, last fiscal year)
Enterprise Value = 12.94b EUR (7.86b + Debt 6.47b - CCE 1.40b)
Interest Coverage Ratio = 651.3 (Ebit TTM 1.95b / Interest Expense TTM 3.00m)
EV/FCF = -34.68x (Enterprise Value 12.94b / FCF TTM -373.0m)
FCF Yield = -2.88% (FCF TTM -373.0m / Enterprise Value 12.94b)
FCF Margin = -1.78% (FCF TTM -373.0m / Revenue TTM 20.90b)
Net Margin = 5.80% (Net Income TTM 1.21b / Revenue TTM 20.90b)
Gross Margin = 25.92% ((Revenue TTM 20.90b - Cost of Revenue TTM 15.49b) / Revenue TTM)
Gross Margin QoQ = 24.92% (prev 26.93%)
Tobins Q-Ratio = 0.66 (Enterprise Value 12.94b / Total Assets 19.59b)
Interest Expense / Debt = 0.05% (Interest Expense 3.00m / Debt 6.47b)
Taxrate = 27.62% (58.0m / 210.0m)
NOPAT = 1.41b (EBIT 1.95b * (1 - 27.62%))
Current Ratio = 1.01 (Total Current Assets 6.63b / Total Current Liabilities 6.56b)
Debt / Equity = 1.14 (Debt 6.47b / totalStockholderEquity, last quarter 5.68b)
Debt / EBITDA = 1.95 (Net Debt 5.55b / EBITDA 2.84b)
Debt / FCF = -14.87 (negative FCF - burning cash) (Net Debt 5.55b / FCF TTM -373.0m)
Total Stockholder Equity = 5.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.52% (Net Income 1.21b / Total Assets 19.59b)
RoE = 21.68% (Net Income TTM 1.21b / Total Stockholder Equity 5.59b)
RoCE = 17.52% (EBIT 1.95b / Capital Employed (Equity 5.59b + L.T.Debt 5.56b))
RoIC = 11.35% (NOPAT 1.41b / Invested Capital 12.46b)
WACC = 3.61% (E(7.86b)/V(14.33b) * Re(6.56%) + D(6.47b)/V(14.33b) * Rd(0.05%) * (1-Tc(0.28)))
Discount Rate = 6.56% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 81.65 | Cagr: 1.01%
[DCF] Fair Price = unknown (Cash Flow -373.0m)
EPS Correlation: 70.31 | EPS CAGR: 51.09% | SUE: -4.0 | # QB: 0
Revenue Correlation: -3.98 | Revenue CAGR: -4.88% | SUE: 0.22 | # QB: 0
EPS next Year (2026-12-31): EPS=0.22 | Chg7d=-0.002 | Chg30d=-0.002 | Revisions Net=+0 | Growth EPS=-1.6% | Growth Revenue=-2.8%