EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, A2A SpA's Enterprise Value is €13,024 Mil.
A2A SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-362 Mil. Therefore, A2A SpA's EV-to-FCF for today is -35.98.
The historical rank and industry rank for A2A SpA's EV-to-FCF or its related term are showing as below:
HAM:EAM'
s EV-to-FCF Range Over the Past 10 Years
Min: -165.3 Med: 23.55 Max: 2217.77
Current: -36.11
During the past 13 years, the highest EV-to-FCF of A2A SpA was 2217.77. The lowest was -165.30. And the median was 23.55.
HAM:EAM's EV-to-FCF is ranked worse than 100% of 298
companies
in the Utilities - Regulated industry
Industry Median: 18.26
vs HAM:EAM: -36.11
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
A2A SpA's share price for today is €2.117.
A2A SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.227.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
A2A SpA EV-to-FCF Related Terms
A2A SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for A2A SpA's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Diversified subindustry, A2A SpA's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
A2A SpA EV-to-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, A2A SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where A2A SpA's EV-to-FCF falls into.
A2A SpA's current Enterprise Value is €13,024 Mil.
A2A SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-362 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A2A SpA (HAM:EAM) has a EV-to-FCF of -35.98 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on A2A SpA and its competitors. According to the industry distribution chart, A2A SpA ranks #999999 out of 298 companies in the Utilities - Regulated industry.
Is A2A SpA's EV-to-FCF too high?
A2A SpA's current EV-to-FCF is -35.98. Based on the distribution chart, A2A SpA ranks #999999 out of 298 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, A2A SpA has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does A2A SpA's EV-to-FCF compare to SRE?
According to the Utilities - Regulated industry distribution chart, A2A SpA ranks #999999 out of 298 companies for EV-to-FCF. This places A2A SpA in the lower half of its industry. The industry median EV-to-FCF is 18.26. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.26, based on 298 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on A2A SpA and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A2A SpA's current EV-to-FCF is -35.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A2A SpA stock overvalued right now?
A2A SpA (HAM:EAM) has a current EV-to-FCF of -35.98. The stock's GF Value™ is €2.24, compared to a current price of €2.12 — trading 5.5% below its estimated fair value. The current EV-to-FCF is -35.98. A2A SpA's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For A2A SpA (HAM:EAM), the current EV-to-FCF is -35.98 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is A2A SpA (HAM:EAM) Overvalued in 2026?
Based on GuruFocus' analysis, A2A SpA stock appears to be undervalued.
The current stock price of €2.12 is trading 5.5% below its estimated GF Value™ of €2.24.
Key valuation signals for HAM:EAM:
EV-to-FCF: -35.98
GF Value™: €2.24 vs. price of €2.12 (5.5% below fair value)
No single metric tells the full story. See the HAM:EAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A2A SpA together with its subsidiaries is engaged in the production, sale, and distribution of electricity; sale and distribution of gas; production, distribution, and sale of heat through district heating networks, technical consultancy relating to energy efficiency certificates, waste management (from collection and sweeping to disposal) and the construction and management of integrated waste disposal plants and systems, also making these available for other operators, and integrated water cycle management.
77GF Score
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