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← CockpitCompetitor Analysis › AC5.MI Acinque S.p.A.Open in the cockpit ↗

Acinque S.p.A.AC5.MICompetitor analysis, valuation and peers

Italy · EUR·Utilities›Electric Utilities
Momentum neutral 46
Mkt cap
$460M
US dollars, full cap
Free float
5%
of shares outstanding
$/day
$5,175
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.2 pp
WACC 5.7%
Hurdle
+4 pp
Req g minus delivered
Close · EUR€2.08
1D-0.9%
1W-2.8%
1M+3.0%
3M-2.8%
6M-6.3%
YTD-8.0%
1Y-8.8%
ATR %1.5%
52w lowhigh14.8% off high

What Acinque does

Employees: 846

Acinque at a glance

Size Acinque (AC5.MI) is an Italy Utilities company (Electric Utilities) with a market value of $460M, the 111th largest of 123 Italy companies the cockpit tracks. Shares closed at €2.08 on 6 Nov 2026.

Performance Over six months the shares fell 6.3%, against -19.5% for the median peer and +3.1% for the Italy market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue fell 11.0% over the last twelve months (peer median +3.5%); the operating margin is 2.7% (peer median 4.4%).

Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.6× (7th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.2 points below its cost of capital (5.7% WACC).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026AC5.MI 94Peer median 79
Six months, rebased to 100: Acinque against the median of its 20 peers (local-currency closes).

Acinque financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€540M€567M€563M€600M€646M
Revenue growth—+1%-6%-7%—
Gross profit€162M€166M€159M€113M€71.0M
EBITDA€69.7M€73.6M€79.6M€41.0M€30.0M
Net income€21.8M€21.0M€21.1M€10.7M€30.8M
Free cash flow€52.8M€50.6M€190M€34.0M-€43.6M
Capital expenditure€77.0M€69.8M€72.0M€62.8M€66.1M
Total debtn/a€253M€267M€309M€266M

Quarterly statements and history in the cockpit →

Acinque competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-30%-20%-10%0%GNE600969300982HNRGPTC6005056050283691000037600719002893ELMRA605162RTNPOWERADXIPG95179511005090AC5.MI6-month return →1-month return →
Up and to the right = strong over both horizons. Acinque is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×2.5×5×7.5×GNE600969300982HNRGPTC6005056050283691000037600719002893ELMRA605162RTNPOWERADXIPG95179511005090PACEDIGITKAC5.MIRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Acinque is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%GNE600969PTC605028002893ELMRAIPGAC5.MIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Acinque is the large dot.

Acinque competitors and peer comparison

How Acinque compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Acinque against its 20 peers (data as of 6 Nov 2026)
MeasureAC5.MIPeer medianRank in peer set
1-month return+3.0%-7.2%3rd highest of 21
6-month return-6.3%-19.5%5th highest of 21
Distance from 52-week high-14.8%-34.2%4th highest of 21
Revenue growth (TTM)-11.0%+3.5%2nd lowest of 21
Operating margin2.7%4.4%6th lowest of 21
EV / Sales1.1×1.6×7th cheapest of 21
Growth the price implies (Req g, 7 yrs)12.8%0.8%most demanding of 10
Growth delivered (Del g)+9.3%+7.0%4th highest of 10
Hurdle (Req g minus delivered)+3.5 pp-8.2 pp2nd most demanding of 10
ROIC minus cost of capital-4.2 pp-1.2 pp7th lowest of 21
EV / EBITDA8.5×10.0×4th cheapest of 12
Net debt / EBITDA2.5×1.0×6th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Acinque AC5.MIItaly$460M-6%-11%3%1.1×12.8%+9.3%
Genie Energy GNEUnited States$466M+23%+10%3%0.5×-3.6%+7.1%
Hunan Chendian International Development 600969.SSChina$453M-18%+4%3%2.2×0.2%+6.4%
Suwen Electric Energy Technology 300982.SZChina$448M-41%-55%-13%2.5×n/an/a
Hallador Energy HNRGUnited States$476M-46%+8%2%1.1×n/an/a
PTC India PTC.NSIndia$437M-39%+13%4%0.2×-18.2%-1.4%
Sichuan Xichang Electric Power 600505.SSChina$520M-31%-10%7%3.6×1.2%+9.5%
Ningbo Shimao Energy 605028.SSChina$522M-21%0%36%9.4×9.5%+1.5%
Giga Solar Materials 3691.TWOTaiwan$403M0%+88%2%2.1×n/an/a
Shenzhen Nanshan Power 000037.SZChina$527M-18%+35%-7%7.4×n/an/a
Dalian Thermal Power 600719.SSChina$387M-18%+2%8%7.0×n/an/a
Beijing Jingneng Thermal 002893.SZChina$387M-11%+15%8%2.2×9.9%+7.0%
Elmera ELMRA.OLNorway$549M+43%+48%5%0.4×-15.6%+24.2%
Zhejiang Xinzhonggang Thermal Power 605162.SSChina$556M-25%-5%19%4.6×0.8%+4.4%
RattanIndia Power RTNPOWER.NSIndia$377M-35%-6%6%1.2×n/an/a
Audax Renovables ADX.MCSpain$564M-21%-8%4%0.5×n/an/a
IPD IPG.AXAustralia$372M-18%+17%11%1.4×5.6%+28.5%
eREX 9517.TJapan$370M-26%+3%3%0.5×n/an/a
Okinawa Electric Power 9511.TJapan$366M+14%-3%-1%1.7×n/an/a
SGC Energy 005090.KSSouth Korea$363M-43%-4%6%0.2×n/an/a
Pace Digitek PACEDIGITK.NSIndia$361M-15%+8%16%1.4×n/an/a

Questions

Which companies are Acinque's closest peers?
The cockpit's peer set: Genie Energy (GNE), Hunan Chendian International Development (600969.SS), Suwen Electric Energy Technology (300982.SZ), Hallador Energy (HNRG), PTC India (PTC.NS), Sichuan Xichang Electric Power (600505.SS), Ningbo Shimao Energy (605028.SS), Giga Solar Materials (3691.TWO).
Is Acinque expensive compared with its peers?
On ev / sales it trades at 1.1× against a peer median of 1.6×, 7th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Acinque stock performed?
Over six months to 6 Nov 2026 the shares returned -6.3% against -19.5% for the median peer; over one year -8.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.