ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis

BIT:ASC • IT0004093263

3.9 EUR
+0.02 (+0.65%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall ASC gets a fundamental rating of 4 out of 10. We evaluated ASC against 5 industry peers in the Gas Utilities industry. ASC has a medium profitability rating, but doesn't score so well on its financial health evaluation. ASC is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

5

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.
  • ASC had positive earnings in each of the past 5 years.
  • Each year in the past 5 years ASC had a positive operating cash flow.
ASC.MI Yearly Net Income VS EBIT VS OCF VS FCFASC.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

  • ASC has a Return On Assets of 4.90%. This is comparable to the rest of the industry: ASC outperforms 60.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.58%, ASC is doing worse than 60.00% of the companies in the same industry.
  • The Return On Invested Capital of ASC (3.57%) is worse than 80.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 6.44%.
  • The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.57%), indicating increased profibility in the last year.
Industry RankSector 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%
ASC.MI Yearly ROA, ROE, ROICASC.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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's Operating Margin of 26.94% is in line compared to the rest of the industry. ASC outperforms 60.00% of its industry peers.
  • In the last couple of years the Operating Margin of ASC has grown nicely.
  • ASC has a Gross Margin of 94.46%. This is amongst the best in the industry. ASC outperforms 100.00% of its industry peers.
  • ASC's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
ASC.MI Yearly Profit, Operating, Gross MarginsASC.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 100 200 300

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2

2. Health

2.1 Basic Checks

  • ASC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for ASC remains at a similar level compared to 1 year ago.
  • 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.
ASC.MI Yearly Shares OutstandingASC.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
ASC.MI Yearly Total Debt VS Total AssetsASC.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.43, we must say that ASC is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.43, ASC is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • ASC has a Debt/Equity ratio of 0.57. This is a neutral value indicating ASC is somewhat dependend on debt financing.
  • ASC's Debt to Equity ratio of 0.57 is fine compared to the rest of the industry. ASC outperforms 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF N/A
Altman-Z 1.43
ROIC/WACC0.52
WACC6.81%
ASC.MI Yearly LT Debt VS Equity VS FCFASC.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.81 indicates that ASC may have some problems paying its short term obligations.
  • With a Current ratio value of 0.81, ASC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • 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.
  • ASC's Quick ratio of 0.76 is on the low side compared to the rest of the industry. ASC is outperformed by 60.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.76
ASC.MI Yearly Current Assets VS Current LiabilitesASC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 75.86% 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 a strong growth in Revenue. In the last year, the Revenue has grown by 20.11%.
  • 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)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

  • Based on estimates for the next years, ASC will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.46% on average per year.
  • ASC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.04% yearly.
EPS Next Y24.14%
EPS Next 2Y9.86%
EPS Next 3Y8.46%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
ASC.MI Yearly Revenue VS EstimatesASC.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
ASC.MI Yearly EPS VS EstimatesASC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • ASC is valuated reasonably with a Price/Earnings ratio of 9.75.
  • 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.
  • When comparing the Price/Earnings ratio of ASC to the average of the S&P500 Index (27.10), we can say ASC is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 22.07, ASC is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASC indicates a slightly more expensive valuation: ASC is more expensive than 60.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, ASC is valued a bit cheaper.
Industry RankSector Rank
PE 9.75
Fwd PE 22.07
ASC.MI Price Earnings VS Forward Price EarningsASC.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ASC is valued more expensive than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.59
ASC.MI Per share dataASC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3

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)0.4
PEG (5Y)N/A
EPS Next 2Y9.86%
EPS Next 3Y8.46%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • ASC has a Yearly Dividend Yield of 3.87%. Purely for dividend investing, there may be better candidates out there.
  • ASC's Dividend Yield is comparable with the industry average which is at 4.34.
  • Compared to an average S&P500 Dividend Yield of 1.83, ASC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.87%

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 37.74% of its income as dividend. This is a sustainable payout ratio.
DP37.74%
EPS Next 2Y9.86%
EPS Next 3Y8.46%
ASC.MI Yearly Income VS Free CF VS DividendASC.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
ASC.MI Dividend Payout.ASC.MI Dividend Payout, showing the Payout Ratio.ASC.MI Dividend Payout.PayoutRetained Earnings

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ASCOPIAVE SPA

BIT:ASC (2/27/2026, 7:00:00 PM)

3.9

+0.02 (+0.65%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-06
Earnings (Next)03-04
Inst Owners3.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap914.20M
Revenue(TTM)242.53M
Net Income(TTM)86.02M
Analysts77.14
Price Target3.84 (-1.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.87%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.02%
Valuation
Industry RankSector Rank
PE 9.75
Fwd PE 22.07
P/S 3.77
P/FCF N/A
P/OCF 8.22
P/B 1.02
P/tB N/A
EV/EBITDA 12.59
EPS(TTM)0.4
EY10.26%
EPS(NY)0.18
Fwd EY4.53%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)0.47
OCFY12.16%
SpS1.03
BVpS3.83
TBVpS-1.49
PEG (NY)0.4
PEG (5Y)N/A
Graham Number5.87
Profitability
Industry RankSector 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 RankSector 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 1.43
F-Score5
WACC6.81%
ROIC/WACC0.52
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 Y24.14%
EPS Next 2Y9.86%
EPS Next 3Y8.46%
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

What is the ChartMill fundamental rating of ASCOPIAVE SPA (ASC.MI) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ASC.MI.


Can you provide the valuation status for ASCOPIAVE SPA?

ChartMill assigns a valuation rating of 4 / 10 to ASCOPIAVE SPA (ASC.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for ASCOPIAVE SPA?

ASCOPIAVE SPA (ASC.MI) has a profitability rating of 5 / 10.


How financially healthy is ASCOPIAVE SPA?

The financial health rating of ASCOPIAVE SPA (ASC.MI) is 2 / 10.


Is the dividend of ASCOPIAVE SPA sustainable?

The dividend rating of ASCOPIAVE SPA (ASC.MI) is 6 / 10 and the dividend payout ratio is 37.74%.