ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ASC - IT0004093263 - Common Stock
3.27 EUR
-0.01 (-0.3%)
We assign a fundamental rating of 5 out of 10 to ASC. 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 is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
ASC had a positive operating cash flow in the past year.
In the past 5 years ASC has always been profitable.
In the past 5 years ASC always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 4.90%, ASC perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ASC's Return On Equity of 9.58% is on the low side compared to the rest of the industry. ASC is outperformed by 60.00% of its industry peers.
The Return On Invested Capital of ASC (3.57%) is worse than 80.00% of its industry peers.
ASC had an Average Return On Invested Capital over the past 3 years of 2.44%. This is below the industry average of 6.44%.
The last Return On Invested Capital (3.57%) for ASC is above the 3 year average (2.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 9.58% | ||
| ROIC | 3.57% |
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
With a decent Profit Margin value of 35.47%, ASC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
ASC's Profit Margin has declined in the last couple of years.
ASC has a Operating Margin (26.94%) which is comparable to the rest of the industry.
ASC's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 94.46%, ASC belongs to the best 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 | 26.94% | ||
| PM (TTM) | 35.47% | ||
| GM | 94.46% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASC is destroying value.
The number of shares outstanding for ASC remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ASC has less shares outstanding
ASC has a better debt/assets ratio than last year.
2.2 Solvency
ASC has an Altman-Z score of 1.33. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
ASC has a Altman-Z score (1.33) which is in line with its industry peers.
A Debt/Equity ratio of 0.57 indicates that ASC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.57, ASC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.33 |
ROIC/WACC0.54
WACC6.63%
2.3 Liquidity
ASC has a Current Ratio of 0.81. This is a bad value and indicates that ASC is not financially healthy enough and could expect problems in meeting its short term obligations.
ASC has a worse Current ratio (0.81) than 60.00% of its industry peers.
ASC has a Quick Ratio of 0.81. This is a bad value and indicates that ASC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ASC (0.76) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
ASC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.86%, which is quite impressive.
Measured over the past years, ASC shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -40.36% on average per year.
Looking at the last year, ASC shows a very strong growth in Revenue. The Revenue has grown by 20.11%.
The Revenue has been growing by 10.02% on average over the past years. This is quite good.
EPS 1Y (TTM)75.86%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%37.09%
Revenue 1Y (TTM)20.11%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%60.87%
3.2 Future
The Earnings Per Share is expected to grow by 9.43% on average over the next years. This is quite good.
Based on estimates for the next years, ASC will show a quite strong growth in Revenue. The Revenue will grow by 9.04% on average per year.
EPS Next Y54.02%
EPS Next 2Y10.38%
EPS Next 3Y9.43%
EPS Next 5YN/A
Revenue Next Year29.22%
Revenue Next 2Y16.65%
Revenue Next 3Y13.11%
Revenue Next 5Y9.04%
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 8.17, which indicates a very decent valuation of ASC.
Based on the Price/Earnings ratio, ASC is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.57, ASC is valued rather cheaply.
The Price/Forward Earnings ratio is 18.33, which indicates a rather expensive current valuation of ASC.
Based on the Price/Forward Earnings ratio, ASC is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
ASC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.17 | ||
| Fwd PE | 18.33 |
4.2 Price Multiples
ASC's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. ASC is more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.43 |
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.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y10.38%
EPS Next 3Y9.43%
5. Dividend
5.1 Amount
ASC has a Yearly Dividend Yield of 4.61%, which is a nice return.
ASC's Dividend Yield is comparable with the industry average which is at 4.90.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
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
37.74% of the earnings are spent on dividend by ASC. This is a low number and sustainable payout ratio.
DP37.74%
EPS Next 2Y10.38%
EPS Next 3Y9.43%
BIT:ASC (12/23/2025, 7:00:00 PM)
3.27
-0.01 (-0.3%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners3.76%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap766.52M
Revenue(TTM)242.53M
Net Income(TTM)86.02M
Analysts77.14
Price Target3.84 (17.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
Yearly Dividend0.14
Dividend Growth(5Y)-16.09%
DP37.74%
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)5.61%
PT rev (3m)5.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)16.52%
EPS NY rev (3m)-6.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)7.02%
Revenue NY rev (3m)7.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.17 | ||
| Fwd PE | 18.33 | ||
| P/S | 3.16 | ||
| P/FCF | N/A | ||
| P/OCF | 6.89 | ||
| P/B | 0.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.43 |
EPS(TTM)0.4
EY12.23%
EPS(NY)0.18
Fwd EY5.46%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)0.47
OCFY14.51%
SpS1.03
BVpS3.83
TBVpS-1.49
PEG (NY)0.15
PEG (5Y)N/A
Graham Number5.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 9.58% | ||
| ROCE | 4.41% | ||
| ROIC | 3.57% | ||
| ROICexc | 3.63% | ||
| ROICexgc | 25.23% | ||
| OM | 26.94% | ||
| PM (TTM) | 35.47% | ||
| GM | 94.46% | ||
| 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%
ROICexgc growth 3Y8.89%
ROICexgc 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-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.18 | ||
| Cap/Depr | 935.24% | ||
| Cap/Sales | 220.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 1.33 |
F-Score5
WACC6.63%
ROIC/WACC0.54
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)75.86%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%37.09%
EPS Next Y54.02%
EPS Next 2Y10.38%
EPS Next 3Y9.43%
EPS Next 5YN/A
Revenue 1Y (TTM)20.11%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%60.87%
Revenue Next Year29.22%
Revenue Next 2Y16.65%
Revenue Next 3Y13.11%
Revenue Next 5Y9.04%
EBIT growth 1Y0.52%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year224.33%
EBIT Next 3Y52.41%
EBIT Next 5Y39.11%
FCF growth 1Y-482.97%
FCF growth 3Y-12.35%
FCF growth 5YN/A
OCF growth 1Y396.08%
OCF growth 3Y6.94%
OCF growth 5Y31.62%
ASCOPIAVE SPA / ASC.MI FAQ
Can you provide the ChartMill fundamental rating for ASCOPIAVE SPA?
ChartMill assigns a fundamental rating of 5 / 10 to ASC.MI.
What is the valuation status of ASCOPIAVE SPA (ASC.MI) stock?
ChartMill assigns a valuation rating of 4 / 10 to ASCOPIAVE SPA (ASC.MI). This can be considered as Fairly Valued.
What is the profitability of ASC stock?
ASCOPIAVE SPA (ASC.MI) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for ASC stock?
The Price/Earnings (PE) ratio for ASCOPIAVE SPA (ASC.MI) is 8.17 and the Price/Book (PB) ratio is 0.85.
Can you provide the expected EPS growth for ASC stock?
The Earnings per Share (EPS) of ASCOPIAVE SPA (ASC.MI) is expected to grow by 54.02% in the next year.