Company Valuation: ACEA S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,987 2,746 2,940 3,970 4,697 4,327 - -
Change - -31.13% 7.04% 35.07% 18.31% -7.87% - -
Enterprise Value (EV) 1 7,965 7,186 7,786 8,924 9,660 9,398 9,555 9,624
Change - -9.78% 8.36% 14.61% 8.25% -2.72% 1.67% 0.72%
P/E 12.8x 9.82x 10x 12x 9.77x 9.21x 12.9x 12.1x
PBR 1.88x - 1.24x 1.58x 1.69x 1.43x 1.39x 1.33x
PEG - -0.9x 1.97x 0.9x 0.2x -4.1x -0.5x 1.77x
Capitalization / Revenue 1x 0.53x 0.63x 0.93x 1.62x 1.3x 1.24x 1.19x
EV / Revenue 2.01x 1.4x 1.67x 2.09x 3.33x 2.82x 2.73x 2.65x
EV / EBITDA 6.34x 5.51x 5.6x 6.32x 6.8x 6.55x 6.25x 5.97x
EV / EBIT 13.7x 12.7x 12.7x 12.7x 14.4x 14.6x 13.7x 13.1x
EV / FCF -46.4x -26.2x -245x 16.1x 41x 62.3x 47.9x 47.3x
FCF Yield -2.15% -3.82% -0.41% 6.19% 2.44% 1.6% 2.09% 2.12%
Dividend per Share 2 0.85 0.85 0.88 0.95 1.2 1.146 1.11 1.149
Rate of return 4.53% 6.58% 6.36% 5.09% 5.43% 5.63% 5.45% 5.64%
EPS 2 1.471 1.316 1.383 1.56 2.261 2.21 1.58 1.688
Distribution rate 57.8% 64.6% 63.6% 60.9% 53.1% 51.9% 70.2% 68%
Net sales 1 3,972 5,138 4,649 4,270 2,899 3,330 3,498 3,635
EBITDA 1 1,256 1,305 1,391 1,412 1,420 1,435 1,530 1,611
EBIT 1 581.1 565.9 612.3 702.7 668.9 642.4 695.5 732.2
Net income 1 313.3 279.7 293.9 331.6 480.6 450.3 338.2 361.3
Net Debt 1 3,977 4,440 4,847 4,954 4,963 5,070 5,227 5,296
Reference price 2 18.76 12.92 13.83 18.68 22.10 20.36 20.36 20.36
Nbr of stocks (in thousands) 212,548 212,548 212,548 212,548 212,548 212,548 - -
Announcement Date 3/14/22 3/9/23 3/6/24 3/13/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.19x2.82x6.54x5.64% 4.95B
12.86x5.56x11.9x4.33% 76.4B
12.79x1.44x7.53x5.86% 67.02B
16.15x6.28x14.02x3.24% 53.17B
15.84x1.11x9.28x3.4% 52.08B
20.08x2.72x9.39x2.17% 49.25B
16.56x4.95x9.58x4.55% 37.03B
60.1x19.28x34.34x0.25% 35.7B
16.57x4.71x12.34x3.82% 34.77B
18.94x5.52x12.53x2.94% 28.3B
Average 19.91x 5.44x 12.74x 3.62% 43.87B
Weighted average by Cap. 19.21x 5.14x 12.54x 3.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ACE Stock
  4. Valuation ACEA S.p.A.
-40%: Exceptional extension
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