ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
BIT:ASC - Euronext Milan - IT0004093263 - Common Stock - Currency: EUR
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. Both the profitability and the financial health of ASC get a neutral evaluation. Nothing too spectacular is happening here. ASC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
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 has a Return On Assets of 2.61%. This is amonst the worse of the industry: ASC underperforms 80.00% of its industry peers.
ASC's Return On Equity of 4.50% is on the low side compared to the rest of the industry. ASC is outperformed by 80.00% of its industry peers.
With a Return On Invested Capital value of 3.97%, ASC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 6.67%.
The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 4.5% | ||
| ROIC | 3.97% |
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 18.16%, 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.
The Operating Margin of ASC (28.37%) is comparable to the rest of the industry.
ASC's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 92.62%, 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 | 28.37% | ||
| PM (TTM) | 18.16% | ||
| GM | 92.62% |
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
ASC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ASC has about the same amount of shares outstanding.
Compared to 5 years ago, ASC has less shares outstanding
The debt/assets ratio for ASC has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.69, we must say that ASC is in the distress zone and has some risk of bankruptcy.
ASC's Altman-Z score of 1.69 is fine compared to the rest of the industry. ASC outperforms 80.00% of its industry peers.
ASC has a debt to FCF ratio of 6.36. This is a slightly negative value and a sign of low solvency as ASC would need 6.36 years to pay back of all of its debts.
ASC has a Debt to FCF ratio (6.36) which is in line with its industry peers.
A Debt/Equity ratio of 0.34 indicates that ASC is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.34, ASC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 6.36 | ||
| Altman-Z | 1.69 |
ROIC/WACC0.6
WACC6.64%
2.3 Liquidity
ASC has a Current Ratio of 1.49. This is a normal value and indicates that ASC is financially healthy and should not expect problems in meeting its short term obligations.
ASC has a better Current ratio (1.49) than 100.00% of its industry peers.
ASC has a Quick Ratio of 1.43. This is a normal value and indicates that ASC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.43, ASC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.43 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.05% over the past 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.
Looking at the last year, ASC shows a quite strong growth in Revenue. The Revenue has grown by 13.22% in the last year.
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)5.05%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%42.38%
Revenue 1Y (TTM)13.22%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%15.49%
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 14.91% on average per year.
ASC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.41% yearly.
EPS Next Y68.97%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
EPS Next 5YN/A
Revenue Next Year23.27%
Revenue Next 2Y16.16%
Revenue Next 3Y12.99%
Revenue Next 5Y8.41%
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 16.53 indicates a correct valuation of ASC.
Based on the Price/Earnings ratio, ASC is valued more expensive than 80.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of ASC to the average of the S&P500 Index (27.30), we can say ASC is valued slightly cheaper.
ASC is valuated rather expensively with a Price/Forward Earnings ratio of 17.85.
ASC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASC is more expensive than 60.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. ASC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.53 | ||
| Fwd PE | 17.85 |
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.
The rest of the industry has a similar Price/Free Cash Flow ratio as ASC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.91 | ||
| EV/EBITDA | 9.54 |
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)0.24
PEG (5Y)N/A
EPS Next 2Y6.67%
EPS Next 3Y14.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.99%, ASC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.54, ASC is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.37, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
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 78.68% of its income as dividend. This is not a sustainable payout ratio.
DP78.68%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
BIT:ASC (7/8/2025, 7:00:00 PM)
2.975
-0.02 (-0.67%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners4.01%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap697.37M
Analysts77.14
Price Target3.6 (21.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
Yearly Dividend0.14
Dividend Growth(5Y)-16.09%
DP78.68%
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)1.92%
PT rev (3m)3.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.53 | ||
| Fwd PE | 17.85 | ||
| P/S | 3.28 | ||
| P/FCF | 10.91 | ||
| P/OCF | 4.81 | ||
| P/B | 0.81 | ||
| P/tB | 10.2 | ||
| EV/EBITDA | 9.54 |
EPS(TTM)0.18
EY6.05%
EPS(NY)0.17
Fwd EY5.6%
FCF(TTM)0.27
FCFY9.16%
OCF(TTM)0.62
OCFY20.81%
SpS0.91
BVpS3.66
TBVpS0.29
PEG (NY)0.24
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 4.5% | ||
| ROCE | 4.91% | ||
| ROIC | 3.97% | ||
| ROICexc | 4.1% | ||
| ROICexgc | 12.14% | ||
| OM | 28.37% | ||
| PM (TTM) | 18.16% | ||
| GM | 92.62% | ||
| FCFM | 30.09% |
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 | 0.34 | ||
| Debt/FCF | 6.36 | ||
| Debt/EBITDA | 2.63 | ||
| Cap/Depr | 157.63% | ||
| Cap/Sales | 38.27% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 129.85% | ||
| Profit Quality | 165.69% | ||
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.43 | ||
| Altman-Z | 1.69 |
F-Score6
WACC6.64%
ROIC/WACC0.6
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)5.05%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%42.38%
EPS Next Y68.97%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
EPS Next 5YN/A
Revenue 1Y (TTM)13.22%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%15.49%
Revenue Next Year23.27%
Revenue Next 2Y16.16%
Revenue Next 3Y12.99%
Revenue Next 5Y8.41%
EBIT growth 1Y12.44%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year203.63%
EBIT Next 3Y50.51%
EBIT Next 5Y36.9%
FCF growth 1Y845.26%
FCF growth 3Y-12.35%
FCF growth 5YN/A
OCF growth 1Y84.06%
OCF growth 3Y6.94%
OCF growth 5Y31.62%