ACEA SPA (IT:ACE)
:ACE
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ACEA SPA
(ACE)
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Rating:64Neutral
Price Target:
€23.50
▲(4.26% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by solid profitability but constrained by declining revenue, high leverage, and weakening free cash flow. Valuation is a clear positive (low P/E and strong dividend yield), while technicals are weak with price below major moving averages and bearish momentum readings.
Positive Factors
Cash Generation
The significant growth in free cash flow indicates improved cash generation capabilities, enhancing financial flexibility and enabling strategic investments.
Negative Factors
Revenue Decline
The decline in revenue growth suggests challenges in maintaining sales momentum, potentially impacting long-term growth prospects if not addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
The significant growth in free cash flow indicates improved cash generation capabilities, enhancing financial flexibility and enabling strategic investments.
Read all positive factors
ACEA SPA (ACE) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€4.85B
Dividend Yield4.33%
Average Volume (3M)98.34K
Price to Earnings (P/E)9.8
Beta (1Y)0.38
Revenue Growth-33.27%
EPS Growth44.64%
CountryIT
Employees8,715
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.30
Shares Outstanding212,964,890
10 Day Avg. Volume102,284
30 Day Avg. Volume98,337
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.69
Price to Sales (P/S)1.74
P/FCF Ratio39.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€26.50Price Target Upside17.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.6
Revenue Forecast (FY)€3.70B
ACEA SPA Business Overview & Revenue Model
Company Description
ACEA S.p.A., together with its subsidiaries, operates as a multi-utility company in Italy. The company operates through Environment, Commercial and Trading, Water, Energy Infrastructure, Engineering and Services, and Abroad segments. The Environme...
How the Company Makes Money
ACEA generates revenue from a mix of regulated and market-based activities across its utility segments. A major portion comes from regulated networks and services, where tariffs are set or overseen by public authorities: (1) Integrated water servi...
ACEA SPA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.70B | 4.27B | 4.53B | 5.03B | 3.84B |
| Gross Profit | 532.64M | 1.87B | 1.68B | 2.26B | 2.01B |
| EBITDA | 1.13B | 1.40B | 1.28B | 1.18B | 1.13B |
| Net Income | 480.58M | 331.62M | 293.91M | 279.73M | 313.31M |
Balance Sheet | |||||
| Total Assets | 12.82B | 12.23B | 11.79B | 11.34B | 10.63B |
| Cash, Cash Equivalents and Short-Term Investments | 697.31M | 514.51M | 362.01M | 562.58M | 683.12M |
| Total Debt | 5.66B | 5.65B | 5.69B | 5.82B | 5.21B |
| Total Liabilities | 9.65B | 9.35B | 8.96B | 8.58B | 8.11B |
| Stockholders Equity | 2.78B | 2.51B | 2.38B | 2.29B | 2.12B |
Cash Flow | |||||
| Free Cash Flow | 117.97M | 292.90M | -31.77M | -323.60M | -221.75M |
| Operating Cash Flow | 1.65B | 1.73B | 1.11B | 726.70M | 759.52M |
| Investing Cash Flow | -1.17B | -1.12B | -1.30B | -862.75M | -1.05B |
| Financing Cash Flow | -363.65M | -491.95M | -12.11M | 8.79M | 324.04M |
ACEA SPA Technical Analysis
Negative
22.54
Price Trends
23.97
Negative
23.29
Negative
21.74
Positive
Market Momentum
-0.20
Negative
42.40
Neutral
16.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ACE, the sentiment is Negative. The current price of 22.54 is below the 20-day moving average (MA) of 22.56, below the 50-day MA of 23.97, and above the 200-day MA of 21.74, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 42.40 is Neutral, neither overbought nor oversold. The STOCH value of 16.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:ACE.
ACEA SPA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €743.32M | 8.23 | 9.91% | 4.59% | 19.21% | 142.56% | |
64 Neutral | €4.85B | 9.79 | 14.57% | 4.33% | -33.27% | 44.64% | |
64 Neutral | €7.50B | 9.65 | 13.08% | 4.37% | 9.30% | -13.27% | |
63 Neutral | €99.44B | 22.77 | 23.22% | 5.05% | 1.73% | -39.94% | |
63 Neutral | €5.97B | 8.70 | 13.30% | 3.76% | -0.60% | -7.61% | |
61 Neutral | €3.35B | 23.79 | 9.06% | 5.06% | 10.48% | 9.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IT:ACE
ACEA SPA
22.88
3.43
17.60%
IT:A2A
A2A SpA
2.39
0.29
13.56%
IT:ASC
Ascopiave S.p.A.
3.46
0.35
11.24%
IT:ENEL
Enel S.p.A.
9.95
2.73
37.88%
IT:HER
HERA S.p.A.
4.10
0.12
2.99%
IT:IRE
Iren S.p.A.
2.63
0.28
11.93%
ACEA SPA Corporate Events
Acea Publishes Guidelines for Renewal of Board of Directors
Mar 20, 2026
Acea has published its guidelines on the optimal qualitative and quantitative composition of its next Board of Directors, ahead of the shareholders’ meeting that will approve the 2025 financial statements. The document is intended to steer s...
Acea Delivers Record 2025 Results and Dividend on Regulated Infrastructure Push
Mar 12, 2026
Acea approved its 2025 financial statements, reporting record proforma EBITDA of €1.42 billion, up 7% year on year, and net profit of €481 million, boosted by operational and organisational transformation and the sale of its high-volta...
Acea Posts Record 2025 Results and Lifts Dividend on Regulated Infrastructure Push
Mar 12, 2026
Acea’s board has approved the 2025 financial statements, reporting record results underpinned by a shift toward regulated infrastructure, operational restructuring and disciplined investment of €1.53 billion mainly in water, power grid...
Acea Spins Off Centralized Services Into New Subsidiary a.evolution S.p.A.
Mar 3, 2026
Acea has approved and formalized a partial demerger by spin‑off, transferring its business unit that manages certain centralized services to a newly created subsidiary, a.evolution S.p.A., which will remain wholly owned by the group. The mov...
ACEA Sets 2026 Financial Calendar and Dividend Timetable
Jan 30, 2026
ACEA has published its 2026 financial calendar, detailing the Board of Directors’ review dates for the 2025 consolidated and separate financial statements in March, and for interim and half-yearly reports in May, July and November 2026. The ...
Acea Signs Binding Deal to Acquire Aquanexa from Algebris for €205 Million
Dec 24, 2025
Acea has signed a binding agreement with Algebris Investments to acquire 100% of Aquanexa, valuing the company at an enterprise value of €205 million based on its current perimeter. The deal structure includes a fixed component and an earn-o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.