ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:ASC • IT0004093263
3.365 EUR
-0.01 (-0.3%)
Last: Jan 30, 2026, 05:23 PM
Taking everything into account, ASC scores 5 out of 10 in our fundamental rating. ASC was compared to 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 not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
- ASC had positive earnings in the past year.
- In the past year ASC had a positive cash flow from operations.
- Each year in the past 5 years ASC has 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 (4.90%) is comparable to the rest of the industry.
- ASC has a Return On Equity of 9.58%. This is in the lower half of the industry: ASC underperforms 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 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.57%), indicating increased profibility in the last year.
| 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
- ASC has a better Profit Margin (35.47%) than 80.00% of its industry peers.
- ASC's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 26.94%, ASC is in line with its industry, outperforming 60.00% of the companies in the same 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.
- 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 | 26.94% | ||
| 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
- 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
- ASC has an Altman-Z score of 1.35. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of ASC (1.35) is comparable to the rest of the industry.
- 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 | 1.35 |
ROIC/WACC0.53
WACC6.72%
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 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.
- The earnings per share for ASC have been decreasing by -40.36% on average. This is quite bad
- The Revenue has grown by 20.11% in the past year. This is a very strong growth!
- 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
- 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.
- 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 8.41.
- 100.00% of the companies in the same industry are more expensive than ASC, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, ASC is valued rather cheaply.
- ASC is valuated rather expensively with a Price/Forward Earnings ratio of 19.04.
- 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.
- When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (25.57), we can say ASC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.41 | ||
| Fwd PE | 19.04 |
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 | 11.63 |
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)0.35
PEG (5Y)N/A
EPS Next 2Y9.86%
EPS Next 3Y8.46%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.44%, ASC is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.68, ASC has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
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 2Y9.86%
EPS Next 3Y8.46%
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%.