Valuation A2A Liquidnet

Stocks

Real-time Estimate Tradegate 09:16:44 2026-08-27 EDT			5-day change	1st Jan Change
2.310 ^EUR	0.00%		0.00%	-

08-26	MIB stays in the green at 52,800, led by Buzzi and A2A	AN
08-26	Milan holds its gains, markets await US PCE data	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	5,240	3,900	5,824	6,720	7,227	7,371	-	-
Change	-	-25.57%	49.32%	15.38%	7.54%	1.99%	-	-
Enterprise Value (EV) ¹	9,353	8,158	10,507	12,555	12,701	13,285	13,661	14,011
Change	-	-12.78%	28.79%	19.49%	1.16%	4.59%	2.83%	2.56%
P/E	10.4x	9.72x	8.85x	7.77x	9.65x	11.4x	11.2x	10.6x
PBR	1.43x	1x	1.37x	1.23x	1.22x	1.23x	1.18x	1.08x
PEG	-	-0.4x	0.1x	0.2x	-0.7x	-0.8x	7.37x	1.95x
Capitalization / Revenue	0.45x	0.17x	0.39x	0.52x	0.51x	0.52x	0.53x	0.52x
EV / Revenue	0.81x	0.35x	0.71x	0.98x	0.9x	0.94x	0.97x	0.99x
EV / EBITDA	6.55x	5.42x	5.33x	5.39x	5.54x	5.93x	5.93x	5.81x
EV / EBIT	14.2x	11.9x	10.3x	9.53x	10.3x	11.6x	11.7x	11.4x
EV / FCF	26.3x	20.2x	-31.3x	-33.7x	134x	-43.8x	-128x	-342x
FCF Yield	3.8%	4.95%	-3.2%	-2.97%	0.75%	-2.28%	-0.78%	-0.29%
Dividend per Share ²	0.0824	0.0849	0.0958	0.1	0.104	0.1085	0.1114	0.1182
Rate of return	4.79%	6.82%	5.15%	4.66%	4.5%	4.61%	4.73%	5.02%
EPS ²	0.1651	0.1281	0.2101	0.2759	0.2395	0.2074	0.2105	0.222
Distribution rate	49.9%	66.3%	45.6%	36.2%	43.4%	52.3%	52.9%	53.2%
Net sales ¹	11,549	23,166	14,758	12,857	14,063	14,157	14,015	14,167
EBITDA ¹	1,428	1,505	1,971	2,328	2,292	2,239	2,305	2,412
EBIT ¹	660	687	1,017	1,317	1,235	1,141	1,172	1,224
Net income ¹	504	401	659	864	750	643.1	655	685.2
Net Debt ¹	4,113	4,258	4,683	5,835	5,474	5,914	6,290	6,640
Reference price ²	1.720	1.245	1.859	2.145	2.310	2.356	2.356	2.356
Nbr of stocks (in thousands)	3,046,750	3,132,905	3,132,905	3,132,905	3,128,587	3,128,427	-	-
Announcement Date	3/17/22	3/16/23	3/27/24	3/20/25	3/17/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
GE VERNOVA INC.	31x	5.23x	38.28x	0.21%	254B
NEXTERA ENERGY	20.92x	9.09x	15.54x	2.93%	176B
IBERDROLA, S.A.	19.91x	4.08x	11.25x	3.6%	152B
ENEL S.P.A.	13.1x	1.89x	6.72x	5.41%	110B
SOUTHERN COMPANY	20.08x	5.86x	12.86x	3.37%	103B
CONSTELLATION ENERGY CORPORATION	22x	3.39x	13.75x	0.61%	99.04B
DUKE ENERGY CORPORATION	18.07x	5.58x	11.24x	3.57%	95.04B
AMERICAN ELECTRIC POWER COMPANY, INC.	19.38x	5.11x	12.34x	3.12%	67.16B
DOMINION ENERGY, INC.	18.66x	6.26x	13.15x	3.99%	58.85B
Average	20.35x	5.17x	15.01x	2.98%	123.91B
Weighted average by Cap.	21.87x	5.32x	18.17x	2.6%