ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe - BIT:ASC - IT0004093263 - Common Stock
3.325 EUR
+0.22 (+6.91%)
We assign a fundamental rating of 4 out of 10 to ASC. ASC was compared to 5 industry peers in the Gas Utilities industry. There are concerns on the financial health of ASC while its profitability can be described as average. ASC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
In the past year ASC had a positive cash flow from operations.
Each year in the past 5 years ASC has been profitable.
In the past 5 years ASC always reported a positive cash flow from operatings.
1.2 Ratios
ASC's Return On Assets of 4.87% is on the low side compared to the rest of the industry. ASC is outperformed by 60.00% of its industry peers.
With a Return On Equity value of 9.38%, ASC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
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.
ASC had an Average Return On Invested Capital over the past 3 years of 2.44%. This is below the industry average of 6.35%.
The last Return On Invested Capital (3.11%) for ASC is above the 3 year average (2.44%), which is a sign of increasing profitability.
| 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
The Profit Margin of ASC (38.86%) is better than 80.00% of its industry peers.
In the last couple of years the Profit Margin of ASC has declined.
Looking at the Operating Margin, with a value of 26.50%, ASC is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of ASC has grown nicely.
The Gross Margin of ASC (92.82%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of ASC has remained more or less at the same level.
| 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.
ASC has about the same amout of shares outstanding than it did 1 year ago.
ASC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASC has an improved debt to assets ratio.
2.2 Solvency
ASC has an Altman-Z score of 1.30. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.30, ASC perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
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 | 1.3 |
ROIC/WACC0.46
WACC6.71%
2.3 Liquidity
ASC has a Current Ratio of 0.69. 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's Current ratio of 0.69 is on the low side compared to the rest of the industry. ASC is outperformed by 80.00% of its industry peers.
A Quick Ratio of 0.66 indicates that ASC may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.66, ASC is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 98.60% over the past year.
ASC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -40.36% yearly.
ASC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.09%.
The Revenue has been growing by 10.02% on average over the past years. This is quite good.
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
Based on estimates for the next years, ASC will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.32% on average per year.
The Revenue is expected to grow by 8.08% on average over the next years. This is quite good.
EPS Next Y63.22%
EPS Next 2Y11.42%
EPS Next 3Y11.32%
EPS Next 5YN/A
Revenue Next Year20.74%
Revenue Next 2Y16.48%
Revenue Next 3Y13.16%
Revenue Next 5Y8.08%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 8.75, the valuation of ASC can be described as very reasonable.
ASC's Price/Earnings ratio is rather cheap when compared to the industry. ASC is cheaper than 100.00% of the companies in the same industry.
ASC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.83.
A Price/Forward Earnings ratio of 18.29 indicates a rather expensive 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.
The average S&P500 Price/Forward Earnings ratio is at 32.68. ASC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 18.29 |
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 | 12.25 |
4.3 Compensation for Growth
ASC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y11.42%
EPS Next 3Y11.32%
5. Dividend
5.1 Amount
ASC has a Yearly Dividend Yield of 4.82%, which is a nice return.
Compared to an average industry Dividend Yield of 4.93, ASC has a dividend in line with its industry peers.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
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
39.07% of the earnings are spent on dividend by ASC. This is a low number and sustainable payout ratio.
DP39.07%
EPS Next 2Y11.42%
EPS Next 3Y11.32%
BIT:ASC (11/7/2025, 7:00:00 PM)
3.325
+0.22 (+6.91%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners3.87%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap779.41M
Revenue(TTM)213.81M
Net Income(TTM)83.09M
Analysts77.14
Price Target3.64 (9.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
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%
PT rev (3m)0.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 18.29 | ||
| P/S | 3.65 | ||
| P/FCF | N/A | ||
| P/OCF | 6.67 | ||
| P/B | 0.88 | ||
| P/tB | 8.73 | ||
| EV/EBITDA | 12.25 |
EPS(TTM)0.38
EY11.43%
EPS(NY)0.18
Fwd EY5.47%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)0.5
OCFY14.98%
SpS0.91
BVpS3.78
TBVpS0.38
PEG (NY)0.14
PEG (5Y)N/A
Graham Number5.69
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%
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-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 | 1.3 |
F-Score6
WACC6.71%
ROIC/WACC0.46
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 Y63.22%
EPS Next 2Y11.42%
EPS Next 3Y11.32%
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 5Y8.08%
EBIT growth 1Y-5.96%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year204.46%
EBIT Next 3Y51.66%
EBIT Next 5Y37.53%
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%
ASCOPIAVE SPA / ASC.MI FAQ
Can you provide the ChartMill fundamental rating for ASCOPIAVE SPA?
ChartMill assigns a fundamental rating of 4 / 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 8.75 and the Price/Book (PB) ratio is 0.88.
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 63.22% in the next year.