ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:ASC • IT0004093263

3.41 EUR
+0.02 (+0.59%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ASC. ASC was compared to 4 industry peers in the Gas Utilities industry. There are concerns on the financial health of ASC while its profitability can be described as average. ASC is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

5

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.
  • 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.
ASC.MI Yearly Net Income VS EBIT VS OCF VS FCFASC.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

  • The Return On Assets of ASC (4.90%) is comparable to the rest of the industry.
  • ASC has a worse Return On Equity (9.58%) than 75.00% of its industry peers.
  • ASC has a worse Return On Invested Capital (3.57%) 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 6.63%.
  • The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.57%), indicating increased profibility in the last year.
Industry RankSector 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%
ASC.MI Yearly ROA, ROE, ROICASC.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

  • ASC has a Profit Margin of 35.47%. This is in the better half of the industry: ASC outperforms 75.00% of its industry peers.
  • ASC's Profit Margin has declined in the last couple of years.
  • ASC has a Operating Margin (26.94%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ASC has grown nicely.
  • Looking at the Gross Margin, with a value of 94.46%, 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 RankSector 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%
ASC.MI Yearly Profit, Operating, Gross MarginsASC.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 100 200 300

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
  • ASC has a better debt/assets ratio than last year.
ASC.MI Yearly Shares OutstandingASC.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
ASC.MI Yearly Total Debt VS Total AssetsASC.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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.
  • With a decent Altman-Z score value of 1.35, ASC is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • ASC has a Debt/Equity ratio of 0.57. This is a neutral value indicating ASC is somewhat dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.57, ASC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF N/A
Altman-Z 1.35
ROIC/WACC0.53
WACC6.73%
ASC.MI Yearly LT Debt VS Equity VS FCFASC.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

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.
  • With a Current ratio value of 0.81, ASC perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • 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 (0.76) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.76
ASC.MI Yearly Current Assets VS Current LiabilitesASC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

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
  • ASC shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.11%.
  • 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 8.46% on average per year.
  • The Revenue is expected to grow by 9.04% on average over the next years. This is quite good.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ASC.MI Yearly Revenue VS EstimatesASC.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
ASC.MI Yearly EPS VS EstimatesASC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.53, the valuation of ASC can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of ASC indicates a rather cheap valuation: ASC is cheaper than 100.00% of the companies listed in the same industry.
  • ASC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.92.
  • ASC is valuated rather expensively with a Price/Forward Earnings ratio of 19.29.
  • 75.00% of the companies in the same industry are cheaper than ASC, based on the Price/Forward Earnings ratio.
  • ASC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 8.53
Fwd PE 19.29
ASC.MI Price Earnings VS Forward Price EarningsASC.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 75.00% of the companies in the same industry are cheaper than ASC, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.66
ASC.MI Per share dataASC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3

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 2Y9.86%
EPS Next 3Y8.46%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.44%, ASC is a good candidate for dividend investing.
  • ASC's Dividend Yield is comparable with the industry average which is at 4.87.
  • Compared to an average S&P500 Dividend Yield of 1.83, ASC pays a better dividend.
Industry RankSector 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%
ASC.MI Yearly Income VS Free CF VS DividendASC.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
ASC.MI Dividend Payout.ASC.MI Dividend Payout, showing the Payout Ratio.ASC.MI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

ASCOPIAVE SPA

BIT:ASC (2/6/2026, 7:00:00 PM)

3.41

+0.02 (+0.59%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-06
Earnings (Next)03-04
Inst Owners3.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap799.34M
Revenue(TTM)242.53M
Net Income(TTM)86.02M
Analysts77.14
Price Target3.84 (12.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
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)0%
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 RankSector Rank
PE 8.53
Fwd PE 19.29
P/S 3.3
P/FCF N/A
P/OCF 7.19
P/B 0.89
P/tB N/A
EV/EBITDA 11.66
EPS(TTM)0.4
EY11.73%
EPS(NY)0.18
Fwd EY5.18%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)0.47
OCFY13.91%
SpS1.03
BVpS3.83
TBVpS-1.49
PEG (NY)0.35
PEG (5Y)N/A
Graham Number5.87
Profitability
Industry RankSector 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 RankSector 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
WACC6.73%
ROIC/WACC0.53
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 2Y9.86%
EPS Next 3Y8.46%
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 3 / 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%.