ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe - BIT:ASC - IT0004093263 - Common Stock
3.095 EUR
+0.01 (+0.32%)
Taking everything into account, ASC scores 5 out of 10 in our fundamental rating. ASC was compared to 4 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 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.
ASC had positive earnings in each of the past 5 years.
ASC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.87%, ASC is doing worse than 75.00% of the companies in the same industry.
ASC has a Return On Equity of 9.38%. This is in the lower half of the industry: ASC underperforms 75.00% of its industry peers.
The Return On Invested Capital of ASC (3.11%) is worse than 75.00% 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 6.52%.
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
Looking at the Profit Margin, with a value of 38.86%, ASC is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
ASC's Profit Margin has declined in the last couple of years.
The Operating Margin of ASC (26.50%) is comparable to the rest of the industry.
ASC's Operating Margin has improved in the last couple of years.
The Gross Margin of ASC (92.82%) is better than 100.00% of its industry peers.
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.
ASC has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASC has less shares outstanding
Compared to 1 year ago, ASC has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.30, we must say that ASC is in the distress zone and has some risk of bankruptcy.
ASC has a Altman-Z score of 1.30. This is in the better half of the industry: ASC outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.59 indicates that ASC is somewhat dependend on debt financing.
The Debt to Equity ratio of ASC (0.59) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.3 |
ROIC/WACC0.47
WACC6.63%
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 has a worse Current ratio (0.69) than 75.00% of its industry peers.
ASC has a Quick 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 has a Quick ratio of 0.66. This is in the lower half of the industry: ASC underperforms 75.00% of its industry peers.
| 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.
The earnings per share for ASC have been decreasing by -40.36% on average. This is quite bad
ASC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.09%.
Measured over the past years, ASC shows a quite strong growth in Revenue. The Revenue has been growing by 10.02% on average per year.
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 11.32% 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 8.08% yearly.
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
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
ASC is valuated reasonably with a Price/Earnings ratio of 8.14.
ASC's Price/Earnings ratio is a bit cheaper when compared to the industry. ASC is cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of ASC to the average of the S&P500 Index (27.50), we can say ASC is valued rather cheaply.
With a Price/Forward Earnings ratio of 17.02, 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 75.00% of the companies listed in the same industry.
ASC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 17.02 |
4.2 Price Multiples
ASC's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASC is more expensive than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.22 |
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)0.13
PEG (5Y)N/A
EPS Next 2Y11.42%
EPS Next 3Y11.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.88%, ASC is a good candidate for dividend investing.
ASC's Dividend Yield is slightly below the industry average, which is at 5.47.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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 (10/14/2025, 7:00:00 PM)
3.095
+0.01 (+0.32%)
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 Cap725.50M
Analysts77.14
Price Target3.64 (17.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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)-1.39%
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)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 17.02 | ||
| P/S | 3.39 | ||
| P/FCF | N/A | ||
| P/OCF | 6.21 | ||
| P/B | 0.82 | ||
| P/tB | 8.13 | ||
| EV/EBITDA | 12.22 |
EPS(TTM)0.38
EY12.28%
EPS(NY)0.18
Fwd EY5.87%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)0.5
OCFY16.1%
SpS0.91
BVpS3.78
TBVpS0.38
PEG (NY)0.13
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 | 1.3 |
F-Score6
WACC6.63%
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 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%