ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe - BIT:ASC - IT0004093263 - Common Stock
3.078 EUR
+0.01 (+0.26%)
Taking everything into account, ASC scores 4 out of 10 in our fundamental rating. ASC was compared to 5 industry peers in the Gas Utilities industry. While ASC is still in line with the averages on profitability rating, there are concerns on its financial health. ASC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
ASC had positive earnings in the past year.
ASC had a positive operating cash flow in the past year.
In the past 5 years ASC has always been profitable.
ASC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ASC (4.87%) is worse than 60.00% of its industry peers.
The Return On Equity of ASC (9.38%) is worse than 60.00% of its industry peers.
With a Return On Invested Capital value of 3.11%, ASC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 6.30%.
The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.38% | ||
| ROIC | 3.11% |
ROA(3y)2.31%
ROA(5y)2.91%
ROE(3y)4.09%
ROE(5y)4.87%
ROIC(3y)2.44%
ROIC(5y)2.43%
1.3 Margins
ASC's Profit Margin of 38.86% is fine compared to the rest of the industry. ASC outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of ASC has declined.
With a Operating Margin value of 26.50%, ASC perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ASC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 92.82%, ASC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
ASC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.5% | ||
| PM (TTM) | 38.86% | ||
| GM | 92.82% |
OM growth 3Y-1.51%
OM growth 5Y6.84%
PM growth 3Y-19.1%
PM growth 5Y-46.2%
GM growth 3Y-2.25%
GM growth 5Y-1.44%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASC is destroying value.
Compared to 1 year ago, ASC has about the same amount of shares outstanding.
ASC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ASC has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that ASC is in the distress zone and has some risk of bankruptcy.
ASC's Altman-Z score of 1.29 is in line compared to the rest of the industry. ASC outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.59 indicates that ASC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.59, ASC is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.29 |
ROIC/WACC0.47
WACC6.6%
2.3 Liquidity
A Current Ratio of 0.69 indicates that ASC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, ASC is doing worse than 80.00% of the companies in the same industry.
A Quick Ratio of 0.66 indicates that ASC may have some problems paying its short term obligations.
With a Quick ratio value of 0.66, ASC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
ASC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 98.60%, which is quite impressive.
The earnings per share for ASC have been decreasing by -40.36% on average. This is quite bad
The Revenue has grown by 9.09% in the past year. This is quite good.
ASC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.02% yearly.
EPS 1Y (TTM)98.6%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%394.43%
Revenue 1Y (TTM)9.09%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%2.9%
3.2 Future
The Earnings Per Share is expected to grow by 12.54% on average over the next years. This is quite good.
ASC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.20% yearly.
EPS Next Y65.52%
EPS Next 2Y10.38%
EPS Next 3Y12.54%
EPS Next 5YN/A
Revenue Next Year20.74%
Revenue Next 2Y16.48%
Revenue Next 3Y13.16%
Revenue Next 5Y8.2%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.10, which indicates a very decent valuation of ASC.
The rest of the industry has a similar Price/Earnings ratio as ASC.
The average S&P500 Price/Earnings ratio is at 27.30. ASC is valued rather cheaply when compared to this.
ASC is valuated rather expensively with a Price/Forward Earnings ratio of 17.25.
Based on the Price/Forward Earnings ratio, ASC is valued a bit more expensive than 60.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.73. ASC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.1 | ||
| Fwd PE | 17.25 |
4.2 Price Multiples
80.00% of the companies in the same industry are cheaper than ASC, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.18 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as ASC's earnings are expected to grow with 12.54% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y10.38%
EPS Next 3Y12.54%
5. Dividend
5.1 Amount
ASC has a Yearly Dividend Yield of 4.89%, which is a nice return.
Compared to an average industry Dividend Yield of 5.41, ASC is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.41, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
5.2 History
The dividend of ASC decreases each year by -16.09%.
Dividend Growth(5Y)-16.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ASC pays out 39.07% of its income as dividend. This is a sustainable payout ratio.
DP39.07%
EPS Next 2Y10.38%
EPS Next 3Y12.54%
BIT:ASC (9/12/2025, 5:29:30 PM)
3.078
+0.01 (+0.26%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners4.01%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap721.51M
Analysts77.14
Price Target3.64 (18.26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
Yearly Dividend0.14
Dividend Growth(5Y)-16.09%
DP39.07%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.95%
PT rev (3m)0.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.04%
EPS NY rev (3m)-2.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.89%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.1 | ||
| Fwd PE | 17.25 | ||
| P/S | 3.37 | ||
| P/FCF | N/A | ||
| P/OCF | 6.18 | ||
| P/B | 0.81 | ||
| P/tB | 8.08 | ||
| EV/EBITDA | 12.18 |
EPS(TTM)0.38
EY12.35%
EPS(NY)0.18
Fwd EY5.8%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)0.5
OCFY16.19%
SpS0.91
BVpS3.78
TBVpS0.38
PEG (NY)0.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.38% | ||
| ROCE | 3.84% | ||
| ROIC | 3.11% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 7.43% | ||
| OM | 26.5% | ||
| PM (TTM) | 38.86% | ||
| GM | 92.82% | ||
| FCFM | N/A |
ROA(3y)2.31%
ROA(5y)2.91%
ROE(3y)4.09%
ROE(5y)4.87%
ROIC(3y)2.44%
ROIC(5y)2.43%
ROICexc(3y)2.57%
ROICexc(5y)2.57%
ROICexgc(3y)7.7%
ROICexgc(5y)7.29%
ROCE(3y)3.01%
ROCE(5y)2.99%
ROICexcg growth 3Y8.89%
ROICexcg growth 5Y15.04%
ROICexc growth 3Y6.65%
ROICexc growth 5Y13.01%
OM growth 3Y-1.51%
OM growth 5Y6.84%
PM growth 3Y-19.1%
PM growth 5Y-46.2%
GM growth 3Y-2.25%
GM growth 5Y-1.44%
F-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 1035.62% | ||
| Cap/Sales | 247.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.34% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 1.29 |
F-Score6
WACC6.6%
ROIC/WACC0.47
Cap/Depr(3y)175.72%
Cap/Depr(5y)164.03%
Cap/Sales(3y)48.72%
Cap/Sales(5y)42.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)98.6%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%394.43%
EPS Next Y65.52%
EPS Next 2Y10.38%
EPS Next 3Y12.54%
EPS Next 5YN/A
Revenue 1Y (TTM)9.09%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%2.9%
Revenue Next Year20.74%
Revenue Next 2Y16.48%
Revenue Next 3Y13.16%
Revenue Next 5Y8.2%
EBIT growth 1Y-5.96%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year203.63%
EBIT Next 3Y50.51%
EBIT Next 5Y37.68%
FCF growth 1Y-514.43%
FCF growth 3Y-12.35%
FCF growth 5YN/A
OCF growth 1Y324.66%
OCF growth 3Y6.94%
OCF growth 5Y31.62%