ACE Stock Analysis: ACEA S.p.A. | MI
Utilities - Diversified | MI, Italy | Market Cap: 4.306m EUR | 12M Return: 2.8% | IT0001207098 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.26M
EPS Trend: 96.3%
Rev. Trend: -89.9%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ACEA S.p.A. is an Italian multi-utility company headquartered in Rome, founded in 1909. It operates through seven segments: Environment, Commercial, Water, Water (Overseas), Production, Engineering & Infrastructure Projects, and Network & Public Lighting.
The company runs an integrated utility value chain covering power generation from hydro, thermal, and photovoltaic sources; electricity and natural gas retail; gas distribution; water services; waste management, including waste-to-energy and recycling of plastics; public lighting; and engineering and laboratory services. It also designs, builds, and manages integrated water systems and provides sludge treatment and environmental consultancy.
As a multi-utility, ACEA combines regulated infrastructure activities (water, energy distribution, gas, public lighting) with semi-regulated or market-based businesses (waste-to-energy, electricity generation, environmental services). Italian multi-utilities typically operate under long-term concession agreements with local municipalities, and tariffs for water and gas distribution are overseen by ARERA, the national regulatory authority for energy, networks, and the environment.
- ARERA tariff reviews set water and energy distribution returns
- Water infrastructure capex supports regulated revenue growth
- Energy retail margins pressured by wholesale price volatility
| Net Income: 708.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.79 > 1.0 |
| NWC/Revenue: -58.09% < 20% (prev -38.97%; Δ -19.11% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.67b > Net Income 708.4m |
| Net Debt (5.26b) to EBITDA (1.65b): 3.18 < 3 |
| Current Ratio: 0.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (213.0m) vs 12m ago 0.19% < -2% |
| Gross Margin: 38.47% > 18% (prev 53.06%; Δ -14.59% > 0.5%) |
| Asset Turnover: 21.99% > 50% (prev 29.96%; Δ -7.97% > 0%) |
| Interest Coverage Ratio: 5.65 > 6 (EBIT TTM 936.7m / Interest Expense TTM 165.9m) |
| A: -0.13 (Total Current Assets 2.06b - Total Current Liabilities 3.67b) / Total Assets 12.7b |
| B: 0.09 (Retained Earnings 1.13b / Total Assets 12.7b) |
| C: 0.07 (EBIT TTM 936.7m / Avg Total Assets 12.6b) |
| D: 0.32 (Book Value of Equity 2.98b / Total Liabilities 9.35b) |
| Altman-Z'' = 0.29 = B |
| DSRI: 1.00 (Receivables 1.03b/1.38b, Revenue 2.77b/3.74b) |
| GMI: 1.38 (GM 53.06% / 38.47%) |
| AQI: 0.96 (AQ_t 0.53 / AQ_t-1 0.56) |
| SGI: 0.74 (Revenue 2.77b / 3.74b) |
| TATA: -0.08 (NI 708.4m - CFO 1.67b) / TA 12.7b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 18, 2026, the stock is trading at EUR 19.90 with a total of 948,005 shares traded. Over the past week, the price has changed by -0.25%, over one month by -2.64%, over three months by -10.20% and over the past year by +2.82%.
Current recommended Stop Loss: 19.30 (which is 3% or 1.5 ATR below the current price).
ACEA S.p.A. has no consensus analysts rating.
P/E Trailing = 11.9176
P/E Forward = 12.1507
P/S = 1.53
P/B = 1.4579
P/EG = 4.051
Revenue TTM = 2.77b EUR
EBIT TTM = 936.7m EUR
EBITDA TTM = 1.65b EUR
Long Term Debt = 4.16b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.50b EUR (from shortTermDebt, last quarter)
Debt = 5.81b EUR (from shortLongTermDebtTotal, last quarter) + Leases 81.5m
Net Debt = 5.26b EUR (calculated: Debt 5.81b - CCE 551.6m)
Enterprise Value = 9.57b EUR (4.31b + Debt 5.81b - CCE 551.6m)
Interest Coverage Ratio = 5.65 (Ebit TTM 936.7m / Interest Expense TTM 165.9m)
EV/FCF = 93.03x (Enterprise Value 9.57b / FCF TTM 102.8m)
FCF Yield = 1.07% (FCF TTM 102.8m / Enterprise Value 9.57b)
FCF Margin = 3.71% (FCF TTM 102.8m / Revenue TTM 2.77b)
Net Margin = 25.55% (Net Income TTM 708.4m / Revenue TTM 2.77b)
Gross Margin = 38.47% ((Revenue TTM 2.77b - Cost of Revenue TTM 1.71b) / Revenue TTM)
Gross Margin QoQ = 59.97% (prev 19.30%)
Tobins Q-Ratio = 0.75 (Enterprise Value 9.57b / Total Assets 12.7b)
Interest Expense / Debt = 2.85% (Interest Expense 165.9m / Debt 5.81b)
Taxrate = 21.76% (181.2m / 833.0m)
NOPAT = 732.9m (EBIT 936.7m * (1 - 21.76%))
Current Ratio = 0.56 (Total Current Assets 2.06b / Total Current Liabilities 3.67b)
Debt / Equity = 1.95 (Debt 5.81b / totalStockholderEquity, last quarter 2.98b)
Debt / EBITDA = 3.18 (Net Debt 5.26b / EBITDA 1.65b)
Debt / FCF = 51.16 (Net Debt 5.26b / FCF TTM 102.8m)
Total Stockholder Equity = 2.84b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.62% (Net Income 708.4m / Total Assets 12.7b)
RoE = 24.94% (Net Income TTM 708.4m / Total Stockholder Equity 2.84b)
RoCE = 13.38% (EBIT 936.7m / Capital Employed (Equity 2.84b + L.T.Debt 4.16b))
RoIC = 7.03% (NOPAT 732.9m / Invested Capital 10.4b)
WACC = 3.67% (E(4.31b)/V(10.1b) * Re(5.61%) + D(5.81b)/V(10.1b) * Rd(2.85%) * (1-Tc(0.22)))
Discount Rate = 5.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 41.75 | Cagr: 0.09%
[DCF] Terminal Value 73.10% ; FCFF base≈141.2m ; Y1≈123.9m ; Y5≈100.1m
[DCF] Fair Price = N/A (negative equity: EV 1.61b - Net Debt 5.26b = -3.66b; debt exceeds intrinsic value)
EPS Correlation: 96.30 | EPS CAGR: 30.44% | SUE: N/A | # QB: 0
Revenue Correlation: -89.86 | Revenue CAGR: -20.50% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.56 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=-11.9% | GrowthRev=+14.8%
EPS next Year (2027-12-31): EPS=1.59 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+2.1% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +17% (up=2, down=1)