A Business at a Glance
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ACEA operates in the Diversified Utilities industry, Utilities sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 4.4B | 4.4B | 4.8B | 5.2B | 4.7B |
| Net Income | 358M | 358M | 319M | 328M | 416M |
| EPS | $0.00 | - | $1.50 | $1.64 | - |
| Free Cash Flow | 1.9B | 1.9B | 1.2B | 926M | 896M |
| ROIC | 18.2% | 6.5% | 5.8% | 7.8% | 17.6% |
| Gross Margin | 38.4% | 38.4% | 31.5% | 26.3% | 31.6% |
| Debt/Equity | 0.00 | 2.39 | 2.36 | 1.98 | - |
| Dividends/Share | $0.00 | - | $0.74 | $0.77 | - |
| Operating Income | 759M | 759M | 665M | 596M | 686M |
| Operating Margin | 17.3% | 17.3% | 13.9% | 11.4% | 14.6% |
| ROE | 13.2% | 13.6% | 11.6% | 11.2% | 14.0% |
| Shares Outstanding | 0M | - | 213M | 200M | - |
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 4.7B | 5.2B | 4.8B | 4.4B | 4.4B |
| Gross Margin | 31.6% | 26.3% | 31.5% | 38.4% | 38.4% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 686M | 596M | 665M | 759M | 759M |
| Op. Margin | 14.6% | 11.4% | 13.9% | 17.3% | 17.3% |
| Net Income | 416M | 328M | 319M | 358M | 358M |
| Net Margin | 8.9% | 6.3% | 6.7% | 8.2% | 8.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | 17.6% | 7.8% | 5.8% | 6.5% | 18.2% |
| ROE | 14.0% | 11.2% | 11.6% | 13.6% | 13.2% |
| ROA | 3.3% | 2.7% | 2.6% | 2.8% | 2.7% |
| Cash Flow | |||||
| Op. Cash Flow | 896M | 926M | 1.2B | 1.9B | 1.9B |
| Free Cash Flow | 896M | 926M | 1.2B | 1.9B | 1.9B |
| Owner Earnings | 251M | 299M | 498M | 1.1B | 1.1B |
| CapEx | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 645M | 626M | 708M | 766M | 766M |
| Growth CapEx | N/A | N/A | N/A | N/A | 0 |
| D&A | 645M | 626M | 708M | 766M | 766M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 114M | 154M | 158M | 161M | 161M |
| Dividend Yield | N/A | 4.9% | 5.4% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 276M | 77M | 410M | 726M | 726M |
| Balance Sheet | |||||
| Net Debt | N/A | 5.7B | 6.1B | 6.5B | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | N/A | 1.98 | 2.36 | 2.39 | 0.00 |
| Interest Coverage | 6.0 | 5.1 | 3.5 | 3.7 | 3.7 |
| Equity | 3.0B | 2.9B | 2.6B | 2.7B | 2.7B |
| Total Assets | 12.5B | 11.9B | 12.8B | 13.2B | 13.2B |
| Total Liabilities | 9.6B | 9.0B | 10.2B | 10.5B | 10.5B |
| Intangibles | N/A | N/A | 449M | 451M | 451M |
| Retained Earnings | 370M | 295M | 319M | 358M | 358M |
| Working Capital | 128M | -389M | -839M | -1.1B | -1.1B |
| Current Assets | 3.1B | 2.9B | 2.8B | 2.5B | 2.5B |
| Current Liabilities | 3.0B | 3.3B | 3.6B | 3.6B | 3.6B |
| Per Share Data | |||||
| EPS | N/A | 1.64 | 1.50 | N/A | 0.00 |
| Owner EPS | N/A | 1.50 | 2.34 | N/A | N/A |
| Book Value | N/A | 14.52 | 12.12 | N/A | 0.00 |
| Cash Flow/Share | N/A | 4.63 | 5.66 | N/A | 0.00 |
| Dividends/Share | N/A | 0.77 | 0.74 | N/A | 0.00 |
| Shares Out. | N/A | 199.8M | 213.0M | N/A | 0.0M |
| Valuation | |||||
| P/E Ratio | N/A | 8.5 | 10.2 | N/A | N/A |
| P/FCF | N/A | 3.0 | 2.7 | N/A | N/A |
| EV/EBIT | N/A | 14.3 | 14.1 | 8.5 | N/A |
| Price/Book | N/A | 1.0 | 1.3 | N/A | N/A |
| Price/Sales | N/A | 0.5 | 0.7 | N/A | N/A |
| FCF Yield | N/A | 33.2% | 37.0% | N/A | N/A |
| Market Cap | 0 | 2.8B | 3.3B | 0 | 0 |
| Avg. Price | 22.24 | 15.72 | 13.60 | 17.55 | 23.28 |
| Year-End Price | 20.74 | 13.95 | 15.29 | 19.04 | 23.28 |
ACEA passes 1 of 9 quality checks, indicating weak fundamentals.
ACEA trades at 15.5x trailing earnings, compared to its 15-year median P/E of 9.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 4.1x vs a median of 2.9x. The company's 5-year average ROIC is 9.4% with a gross margin of 32.0%. At current prices, the estimated annualized return to fair value is +3.7%.
ACEA (ACE-MI) has a current P/E ratio of 15.5, compared to its historical median P/E of 9.4. The stock is currently considered Expensive based on its historical valuation range.
ACEA (ACE-MI) has a 5-year average return on invested capital (ROIC) of 9.4%. This is below average and may indicate limited pricing power.
ACEA (ACE-MI) does not currently pay a regular dividend.
Based on historical P/E analysis, ACEA (ACE-MI) appears expensive. The current P/E of 15.5 is 66% above its historical median of 9.4. The estimated fair value CAGR (P/E method) is -1.6%.
ACEA (ACE-MI) operates in the Diversified Utilities industry, within the Utilities sector.
ACEA (ACE-MI) reported annual revenue of $4.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
ACEA (ACE-MI) has a net profit margin of 8.2%. This is a modest margin.
ACEA (ACE-MI) generated $1.9 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ACEA (ACE-MI) has a debt-to-equity ratio of 2.39. This indicates higher leverage, which may increase financial risk.
ACEA (ACE-MI) has a return on equity (ROE) of 13.6%. This indicates moderate shareholder returns.
ACEA (ACE-MI) has a 5-year average gross margin of 32.0%. This indicates decent pricing power.
The Ledger Terminal provides 4 years of financial data for ACEA (ACE-MI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.