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A2A Valuation Multiples
Discover revenue and EBITDA valuation multiples for A2A and similar public comparables like Enel Americas, Petronas Gas, APA Group, Meridian Energy and more.
A2A Overview
About A2A
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.
Founded
2008
HQ
Employees
13.8K
Website
Sectors
Financials (LTM)
EV
$15B
A2A Financials
A2A reported last 12-month revenue of $15B and EBITDA of $3B.
In the same LTM period, A2A generated $3B in EBITDA and $791M in net income.
Revenue (LTM)
A2A P&L
In the most recent fiscal year, A2A reported revenue of $14B and EBITDA of $3B.
A2A expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $14B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $791M | XXX | $991M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
A2A Stock Performance
A2A has current market cap of $9B, and enterprise value of $15B.
Market Cap Evolution
A2A's stock price is $2.87.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $9B | 0.0% | XXX | XXX | XXX | $0.32 |
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Start Free TrialA2A Valuation Multiples
A2A trades at 1.0x EV/Revenue multiple, and 5.8x EV/EBITDA.
EV / Revenue (LTM)
A2A Financial Valuation Multiples
As of March 17, 2026, A2A has market cap of $9B and EV of $15B.
Equity research analysts estimate A2A's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
A2A has a P/E ratio of 11.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 5.8x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBIT | 11.1x | XXX | 9.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 11.3x | XXX | 9.0x | XXX | XXX | XXX |
| EV/FCF | 37.0x | XXX | (34.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified A2A Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
A2A Margins & Growth Rates
A2A's revenue in the last 12 month declined by (1%).
A2A's revenue per employee in the last FY averaged $1.1M.
A2A's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
A2A's rule of X is 16% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
A2A Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
A2A Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Enel Americas | XXX | XXX | XXX | XXX | XXX | XXX |
| Petronas Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Meridian Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Canadian Utilities | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
A2A M&A Activity
A2A acquired XXX companies to date.
Last acquisition by A2A was on XXXXXXXX, XXXXX. A2A acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by A2A
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialA2A Investment Activity
A2A invested in XXX companies to date.
A2A made its latest investment on XXXXXXXX, XXXXX. A2A invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by A2A
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout A2A
| When was A2A founded? | A2A was founded in 2008. |
| Where is A2A headquartered? | A2A is headquartered in Italy. |
| How many employees does A2A have? | As of today, A2A has over 13K employees. |
| Who is the CEO of A2A? | A2A's CEO is Renato Mazzoncini. |
| Is A2A publicly listed? | Yes, A2A is a public company listed on Borsa Italiana. |
| What is the stock symbol of A2A? | A2A trades under A2A ticker. |
| When did A2A go public? | A2A went public in 1998. |
| Who are competitors of A2A? | A2A main competitors are Enel Americas, Petronas Gas, APA Group, Meridian Energy. |
| What is the current market cap of A2A? | A2A's current market cap is $9B. |
| What is the current revenue of A2A? | A2A's last 12 months revenue is $15B. |
| What is the current revenue growth of A2A? | A2A revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of A2A? | Current revenue multiple of A2A is 1.0x. |
| Is A2A profitable? | Yes, A2A is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of A2A? | A2A's last 12 months EBITDA is $3B. |
| What is A2A's EBITDA margin? | A2A's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of A2A? | Current EBITDA multiple of A2A is 5.8x. |
| What is the current FCF of A2A? | A2A's last 12 months FCF is $403M. |
| What is A2A's FCF margin? | A2A's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of A2A? | Current FCF multiple of A2A is 37.0x. |
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