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A2A S.p.A. (A2A.MI)

EUR2.36 +0.04 (+1.81%)
IT MIL Utilities Diversified Utilities
Address Corso di Porta Vittoria, 4 20122
Milan, MI, IT
CEO Renato Mazzoncini
Website gruppoa2a.it/it/home
IPO 2000-01-03
ISIN IT0001233417

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Also trades on Italian Stock Exchange · A2A.MI (EUR) Other OTC · AEMMF (USD) Other OTC · AEMMY (USD)
Description

A2A S.p.A. engages in the production, sale, and distribution of gas and electricity, and district heating in Italy and internationally. It generates electricity through hydroelectric, thermoelectric, photovoltaic, and wind plants; and sells and distributes gas. The company also engages in the production and sale of heat produced through district heating networks; waste management activities, including collection and street sweeping, treatment, disposal, and recovery of materials and energy; and the construction and management of integrated waste disposal plants and systems. In addition, it offers integrated water cycle management services; and technical consultancy services relating to energy efficiency certificates. Further, the company is involved in the management of public lighting systems and street lights, and water purification and sewer activities, as well as offers garbage collection, street sweeping, video surveillance, energy efficiency, and electric mobility services. A2A S.p.A. is headquartered in Milan, Italy.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR2.36 +0.04 (+1.81%)
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Volume Profile
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Liquidity & share structure
Average Volume
10M
Beta
0.80
Float Shares
1.50B
Free Float %
48.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.61% -1.90% -4.77% -5.95% -5.17% -1.47% +2.99% +36.29% +31.56% +89.67% +103.21%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.36
DCF (Unlevered) 0.94 -60.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.30
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Diversified Utilities: +5.3%
    +9.3% ★ Q1'26: +13.4% (vs Q1'25)
  • ✗
    EPS growth Diversified Utilities: +4.4%
    -14.3% Q1'26: -15.9% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Diversified Utilities: +8.5%
    +7.8% ★ Q1'26: -1.8% (vs Q1'25)
  • ✗
    EBIT margin Diversified Utilities: +20.5%
    +9.0% Q1'26: +8.3% (vs Q1'25)
  • ✗
    ROIC Diversified Utilities: +4.5%
    +7.5% ★ Q1'26: +8.4% (vs Q1'25)
  • ✗
    Share dilution Diversified Utilities: -0.2%
    +0.0% ★ Q1'26: -0.1% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Diversified Utilities: 3.55×
    3.30× ★ Q1'26: 2.95× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.82) × ERP
WACC = 50% × Ke + 50% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 0.94 Current price: 2.36
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
7 Rev. Ana.
5 EPS Ana. 		Dec 2027
7 Rev. Ana.
5 EPS Ana. 		Dec 2028
6 Rev. Ana.
5 EPS Ana. 		Dec 2029
5 Rev. Ana.
1 EPS Ana. 		Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
4.73B
est: 5.21B (-9.1%)
4.81B
est: 5.07B (-5.1%)
5.59B
est: 5.44B (+2.8%)
6.27B
est: 6.12B (+2.5%)
7.12B
est: 6.39B (+11.4%)
6.67B
est: 6.97B (-4.3%)
11.35B
est: 8.64B (+31.4%)
22.95B
est: 19.06B (+20.4%)
14.63B
est: 12.66B (+15.5%)
12.57B
est: 15.44B (-18.6%)
13.74B
est: 12.87B (+6.8%)
14.25B
11.71B – 15.88B
+10.7% YoY
13.95B
11.93B – 15.02B
-2.1% YoY
14.06B
13.99B – 14.14B
+0.8% YoY
15.41B
12.92B – 16.89B
+9.6% YoY
16.75B
14.04B – 18.36B
+8.7% YoY
EBITDA
611.00M
est: 688.82M (-11.3%)
1.08B
est: 671.10M (+60.6%)
1.13B
est: 719.31M (+57.1%)
1.06B
est: 809.70M (+31.4%)
1.19B
est: 845.77M (+41.1%)
1.10B
est: 921.96M (+19.2%)
1.34B
est: 1.14B (+16.8%)
1.58B
est: 2.52B (-37.3%)
1.85B
est: 1.66B (+11.0%)
2.31B
est: 2.03B (+13.9%)
2.20B
est: 1.69B (+30.3%)
1.87B
1.54B – 2.09B
+10.7% YoY
1.83B
1.57B – 1.97B
-2.1% YoY
1.85B
1.84B – 1.86B
+0.8% YoY
2.03B
1.70B – 2.22B
+9.6% YoY
2.20B
1.85B – 2.41B
+8.7% YoY
EBIT
216.00M
est: 378.67M (-43.0%)
521.00M
est: 368.93M (+41.2%)
718.00M
est: 395.43M (+81.6%)
599.00M
est: 445.12M (+34.6%)
690.00M
est: 464.95M (+48.4%)
552.00M
est: 506.83M (+8.9%)
667.00M
est: 628.49M (+6.1%)
850.00M
est: 1.39B (-38.7%)
1.05B
est: 938.86M (+11.4%)
1.43B
est: 1.14B (+24.6%)
1.24B
est: 954.08M (+29.4%)
1.06B
867.91M – 1.18B
+10.7% YoY
1.03B
884.85M – 1.11B
-2.1% YoY
1.04B
1.04B – 1.05B
+0.8% YoY
1.14B
958.08M – 1.25B
+9.6% YoY
1.24B
1.04B – 1.36B
+8.7% YoY
Net Income
73.00M
est: 267.23M (-72.7%)
224.00M
est: 282.92M (-20.8%)
293.00M
est: 373.58M (-21.6%)
344.00M
est: 410.76M (-16.3%)
389.00M
est: 343.66M (+13.2%)
364.00M
est: 306.16M (+18.9%)
504.00M
est: 392.84M (+28.3%)
401.00M
est: 384.74M (+4.2%)
659.00M
est: 868.00M (-24.1%)
864.00M
est: 809.00M (+6.8%)
750.00M
est: 712.00M (+5.3%)
641.21M
624.72M – 665.32M
-9.9% YoY
650.00M
597.99M – 692.42M
+1.4% YoY
683.25M
644.89M – 688.10M
+5.1% YoY
692.36M
546.90M – 778.82M
+1.3% YoY
770.68M
608.77M – 866.92M
+11.3% YoY
SGA
175.00M
est: 171.44M (+2.1%)
362.00M
est: 167.03M (+116.7%)
417.00M
est: 179.02M (+132.9%)
391.00M
est: 201.52M (+94.0%)
374.00M
est: 210.50M (+77.7%)
417.00M
est: 229.46M (+81.7%)
488.00M
est: 284.54M (+71.5%)
591.00M
est: 627.63M (-5.8%)
—
est: 335.21M (-100.0%)
419.00M
est: 408.76M (+2.5%)
416.00M
est: 340.64M (+22.1%)
377.16M
309.87M – 420.49M
+10.7% YoY
369.21M
315.92M – 397.52M
-2.1% YoY
372.29M
370.25M – 374.33M
+0.8% YoY
408.00M
342.07M – 447.19M
+9.6% YoY
443.45M
371.79M – 486.04M
+8.7% YoY
EPS
0.02
est: 0.09 (-72.6%)
0.07
est: 0.09 (-17.5%)
0.09
est: 0.12 (-20.8%)
0.11
est: 0.13 (-16.1%)
0.13
est: 0.11 (+18.5%)
0.12
est: 0.10 (+22.8%)
0.16
est: 0.13 (+27.6%)
0.13
est: 0.12 (+4.6%)
0.21
est: 0.28 (-24.2%)
0.28
est: 0.26 (+8.0%)
0.24
est: 0.22 (+9.0%)
0.21
0.20 – 0.21
-6.3% YoY
0.21
0.19 – 0.22
+2.1% YoY
0.22
0.21 – 0.22
+2.3% YoY
0.22
0.17 – 0.25
+2.6% YoY
0.25
0.19 – 0.28
+11.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 1/5 4/5 4/5 3/5 4/5 3/5
2026-05-14 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-05-13 B+ 3/5 1/5 4/5 4/5 2/5 4/5 4/5
2026-05-12 B+ 3/5 1/5 4/5 4/5 2/5 4/5 4/5
2026-05-11 B+ 3/5 1/5 4/5 4/5 2/5 4/5 4/5
2026-05-08 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-05-07 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-05-06 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-05-05 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-05-04 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-04-30 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-04-29 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-04-28 B+ 3/5 1/5 4/5 4/5 2/5 4/5 3/5
2026-04-27 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-24 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-23 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-22 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-21 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-20 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-17 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-16 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-15 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.01B
OE per share TTM
0.32
Owner's Yield
14.19%
Maintenance CapEx ratio
21.94%
Maint CapEx / Avg PPE
49.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 149 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amundi S&P Eurozone Dividend Aristocrat Screened UCITS ETF Acc EDIV.L 3.60% 1.63M 0.30%
2 State Street SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) EUDV.L 2.87% 55.33M 0.30%
3 iShares EURO STOXX Small UCITS ETF DJSC.L 1.26% 6.15M 0.40%
4 State Street SPDR EURO STOXX Low Volatility UCITS ETF (Acc) ZPRL.DE 0.88% 314.4K 0.30%
5 UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE 0.69% 5.08M 0.33%
6 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.68% 7.13M 0.58%
7 State Street SPDR S&P Global Dividend Aristocrats UCITS ETF GLDV.L 0.67% 10.81M 0.45%
8 Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D XD3E.L 0.66% 5.67M 0.30%
9 State Street SPDR S&P Global Dividend Aristocrats Screened UCITS ETF (Dist) GEDV.L 0.61% 146.8K 0.45%
10 Amundi Italy MIB ESG UCITS ETF Acc FMI.PA 0.61% 1.31M 0.18%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
85.6K
Shares Outstanding
3.13B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Renato Mazzoncini Chief Executive Officer, MD & Executive Director 981.2K male
Carlotta Ventura Chief Communication Officer — female
Luca Moroni Chief Financial Officer — male
Lucia Monti Head of Legal Affairs & Compliance — female
Marco Porro Head of Investor Relations — male
Mauro Ghilardi Chief People & Transformation Officer — male
Renata Bonfiglio Investor Relations Manager — female
Alessandro Manfredini Head of Group Security Cyber Defence — male
Vahe Ter Nikogosyan Head of Digital & Innovation — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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