ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
BIT:ASC - Euronext Milan - IT0004093263 - Common Stock - Currency: EUR
Taking everything into account, ASC scores 4 out of 10 in our fundamental rating. ASC was compared to 5 industry peers in the Gas Utilities industry. ASC has only an average score on both its financial health and profitability. While showing a medium growth rate, ASC is valued expensive at the moment.
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.
Each year in the past 5 years ASC had a positive operating cash flow.
1.2 Ratios
ASC has a Return On Assets of 2.47%. This is in the lower half of the industry: ASC underperforms 60.00% of its industry peers.
ASC has a worse Return On Equity (4.22%) than 60.00% of its industry peers.
ASC's Return On Invested Capital of 3.51% is on the low side compared to the rest of the industry. ASC is outperformed by 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 6.99%.
The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.51%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.47% | ||
| ROE | 4.22% | ||
| ROIC | 3.51% |
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 17.48%, ASC is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Profit Margin of ASC has declined.
With a Operating Margin value of 26.17%, ASC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
ASC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 92.11%, ASC belongs to the top 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 | 26.17% | ||
| PM (TTM) | 17.48% | ||
| GM | 92.11% |
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
ASC has a better debt/assets ratio than last year.
2.2 Solvency
ASC has an Altman-Z score of 1.78. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
ASC has a better Altman-Z score (1.78) than 80.00% of its industry peers.
The Debt to FCF ratio of ASC is 21.16, which is on the high side as it means it would take ASC, 21.16 years of fcf income to pay off all of its debts.
ASC has a Debt to FCF ratio of 21.16. This is comparable to the rest of the industry: ASC outperforms 60.00% of its industry peers.
ASC has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
ASC has a Debt to Equity ratio of 0.37. This is amongst the best in the industry. ASC outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 21.16 | ||
| Altman-Z | 1.78 |
ROIC/WACC0.51
WACC6.9%
2.3 Liquidity
A Current Ratio of 1.64 indicates that ASC should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.64, ASC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 1.60 indicates that ASC should not have too much problems paying its short term obligations.
The Quick ratio of ASC (1.60) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
The earnings per share for ASC have decreased by -0.42% in the last year.
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.
ASC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.37%.
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)-0.42%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%-56%
Revenue 1Y (TTM)13.37%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%5.44%
3.2 Future
The Earnings Per Share is expected to grow by 14.91% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.07% on average over the next years.
EPS Next Y68.97%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
EPS Next 5YN/A
Revenue Next Year13.64%
Revenue Next 2Y15.08%
Revenue Next 3YN/A
Revenue Next 5Y7.07%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.12, the valuation of ASC can be described as rather expensive.
ASC's Price/Earnings ratio is rather expensive when compared to the industry. ASC is more expensive than 80.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.79. ASC is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 13.13 indicates a correct valuation of ASC.
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.
ASC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.12 | ||
| Fwd PE | 13.13 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than ASC, based on the Enterprise Value to EBITDA ratio.
60.00% of the companies in the same industry are cheaper than ASC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.87 | ||
| EV/EBITDA | 10.94 |
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.
A more expensive valuation may be justified as ASC's earnings are expected to grow with 14.91% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y6.67%
EPS Next 3Y14.91%
5. Dividend
5.1 Amount
ASC has a Yearly Dividend Yield of 4.35%, which is a nice return.
ASC's Dividend Yield is slightly below the industry average, which is at 5.20.
Compared to an average S&P500 Dividend Yield of 2.51, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
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 84.69% of its income as dividend. This is not a sustainable payout ratio.
DP84.69%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
BIT:ASC (4/25/2025, 7:00:00 PM)
3.25
0 (-0.15%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners3.93%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap761.83M
Analysts77.14
Price Target3.47 (6.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
Yearly Dividend0.14
Dividend Growth(5Y)-16.09%
DP84.69%
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)5.16%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)68.97%
EPS NY rev (3m)58.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.12 | ||
| Fwd PE | 13.13 | ||
| P/S | 3.72 | ||
| P/FCF | 37.87 | ||
| P/OCF | 7.53 | ||
| P/B | 0.9 | ||
| P/tB | 12.58 | ||
| EV/EBITDA | 10.94 |
EPS(TTM)0.17
EY5.23%
EPS(NY)0.25
Fwd EY7.61%
FCF(TTM)0.09
FCFY2.64%
OCF(TTM)0.43
OCFY13.28%
SpS0.87
BVpS3.62
TBVpS0.26
PEG (NY)0.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.47% | ||
| ROE | 4.22% | ||
| ROCE | 4.33% | ||
| ROIC | 3.51% | ||
| ROICexc | 3.61% | ||
| ROICexgc | 10.46% | ||
| OM | 26.17% | ||
| PM (TTM) | 17.48% | ||
| GM | 92.11% | ||
| FCFM | 9.81% |
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 Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 21.16 | ||
| Debt/EBITDA | 2.99 | ||
| Cap/Depr | 156.56% | ||
| Cap/Sales | 39.55% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 95.99% | ||
| Profit Quality | 56.15% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z | 1.78 |
F-Score6
WACC6.9%
ROIC/WACC0.51
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)-0.42%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%-56%
EPS Next Y68.97%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
EPS Next 5YN/A
Revenue 1Y (TTM)13.37%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%5.44%
Revenue Next Year13.64%
Revenue Next 2Y15.08%
Revenue Next 3YN/A
Revenue Next 5Y7.07%
EBIT growth 1Y4.44%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year207.38%
EBIT Next 3Y50%
EBIT Next 5Y34.8%
FCF growth 1Y124.7%
FCF growth 3Y-12.35%
FCF growth 5YN/A
OCF growth 1Y1551.17%
OCF growth 3Y6.94%
OCF growth 5Y31.62%