ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ASC - IT0004093263 - Common Stock
3.35 EUR
0 (-0.15%)
Overall ASC gets a fundamental rating of 5 out of 10. We evaluated ASC against 6 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 priced too expensively while it is growing strongly. Keep and eye on this one!
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.
In the past 5 years ASC has always 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 4.90% is in line compared 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.
ASC has a worse Return On Invested Capital (3.57%) than 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ASC is below the industry average of 7.08%.
The last Return On Invested Capital (3.57%) for ASC is above the 3 year average (2.44%), which is a sign of increasing profitability.
| 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
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.
In the last couple of years the Profit Margin of ASC has declined.
The Operating Margin of ASC (26.94%) is comparable to the rest of the industry.
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.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASC is destroying value.
The number of shares outstanding for ASC remains at a similar level compared to 1 year ago.
The number of shares outstanding for ASC has been reduced compared to 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 1.35. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.35, ASC is in line with its industry, outperforming 60.00% of the companies in the same industry.
A Debt/Equity ratio of 0.57 indicates that 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.35 |
ROIC/WACC0.54
WACC6.65%
2.3 Liquidity
ASC has a Current 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 has a worse Current ratio (0.81) than 60.00% of its industry peers.
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 has a Quick ratio of 0.76. This is in the lower half of the industry: ASC underperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 75.86% over the past year.
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!
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 9.43% on average per year.
Based on estimates for the next years, ASC will show a quite strong growth in Revenue. The Revenue will grow by 9.04% on average per year.
EPS Next Y24.14%
EPS Next 2Y10.38%
EPS Next 3Y9.43%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.38 indicates a reasonable valuation of ASC.
100.00% of the companies in the same industry are more expensive than ASC, based on the Price/Earnings ratio.
ASC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.19.
The Price/Forward Earnings ratio is 18.77, which indicates a rather expensive current 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.
When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (23.92), we can say ASC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 18.77 |
4.2 Price Multiples
80.00% of the companies in the same industry are cheaper than ASC, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.58 |
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)0.35
PEG (5Y)N/A
EPS Next 2Y10.38%
EPS Next 3Y9.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.47%, ASC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.78, ASC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.92, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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 2Y10.38%
EPS Next 3Y9.43%
BIT:ASC (1/9/2026, 7:00:00 PM)
3.35
0 (-0.15%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners3.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap785.27M
Revenue(TTM)242.53M
Net Income(TTM)86.02M
Analysts77.14
Price Target3.84 (14.63%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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)5.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-19.4%
EPS NY rev (3m)-23.94%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 18.77 | ||
| P/S | 3.24 | ||
| P/FCF | N/A | ||
| P/OCF | 7.06 | ||
| P/B | 0.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.58 |
EPS(TTM)0.4
EY11.94%
EPS(NY)0.18
Fwd EY5.33%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)0.47
OCFY14.16%
SpS1.03
BVpS3.83
TBVpS-1.49
PEG (NY)0.35
PEG (5Y)N/A
Graham Number5.87
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.35 |
F-Score5
WACC6.65%
ROIC/WACC0.54
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 2Y10.38%
EPS Next 3Y9.43%
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%.