ASCENCIO (ASCE.BR) Stock Fundamental Analysis
EBR:ASCE - Euronext Brussels - BE0003856730 - REIT - Currency: EUR
We assign a fundamental rating of 5 out of 10 to ASCE. ASCE was compared to 42 industry peers in the Diversified REITs industry. While ASCE has a great profitability rating, there are quite some concerns on its financial health. ASCE is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
ASCE had positive earnings in the past year.
In the past year ASCE had a positive cash flow from operations.
ASCE had positive earnings in each of the past 5 years.
Each year in the past 5 years ASCE had a positive operating cash flow.
1.2 Ratios
ASCE has a Return On Assets of 2.87%. This is in the better half of the industry: ASCE outperforms 61.90% of its industry peers.
ASCE has a Return On Equity (5.27%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 6.91%, ASCE belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
ASCE had an Average Return On Invested Capital over the past 3 years of 4.03%. This is in line with the industry average of 3.74%.
The last Return On Invested Capital (6.91%) for ASCE is above the 3 year average (4.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.87% | ||
| ROE | 5.27% | ||
| ROIC | 6.91% |
ROA(3y)7.38%
ROA(5y)N/A
ROE(3y)13.56%
ROE(5y)N/A
ROIC(3y)4.03%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 28.21%, ASCE perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
In the last couple of years the Profit Margin of ASCE has grown nicely.
With an excellent Operating Margin value of 82.95%, ASCE belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
In the last couple of years the Operating Margin of ASCE has remained more or less at the same level.
Looking at the Gross Margin, with a value of 88.81%, ASCE is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
ASCE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 82.95% | ||
| PM (TTM) | 28.21% | ||
| GM | 88.81% |
OM growth 3Y1.19%
OM growth 5YN/A
PM growth 3Y46.96%
PM growth 5YN/A
GM growth 3Y7.44%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ASCE is still creating some value.
ASCE has about the same amout of shares outstanding than it did 1 year ago.
ASCE has a better debt/assets ratio than last year.
2.2 Solvency
ASCE has an Altman-Z score of 0.84. This is a bad value and indicates that ASCE is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.84, ASCE is in line with its industry, outperforming 45.24% of the companies in the same industry.
ASCE has a debt to FCF ratio of 8.40. This is a slightly negative value and a sign of low solvency as ASCE would need 8.40 years to pay back of all of its debts.
ASCE has a better Debt to FCF ratio (8.40) than 90.48% of its industry peers.
A Debt/Equity ratio of 0.66 indicates that ASCE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.66, ASCE is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.4 | ||
| Altman-Z | 0.84 |
ROIC/WACC1.44
WACC4.8%
2.3 Liquidity
A Current Ratio of 0.13 indicates that ASCE may have some problems paying its short term obligations.
ASCE has a Current ratio of 0.13. This is amonst the worse of the industry: ASCE underperforms 83.33% of its industry peers.
A Quick Ratio of 0.13 indicates that ASCE may have some problems paying its short term obligations.
ASCE has a worse Quick ratio (0.13) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.13 | ||
| Quick Ratio | 0.13 |
3. Growth
3.1 Past
ASCE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -62.71%.
ASCE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 54.05% yearly.
Looking at the last year, ASCE shows a small growth in Revenue. The Revenue has grown by 7.26% in the last year.
ASCE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.83% yearly.
EPS 1Y (TTM)-62.71%
EPS 3Y54.05%
EPS 5YN/A
EPS Q2Q%38.52%
Revenue 1Y (TTM)7.26%
Revenue growth 3Y4.83%
Revenue growth 5YN/A
Sales Q2Q%2.31%
3.2 Future
The Earnings Per Share is expected to grow by 3.02% on average over the next years.
Based on estimates for the next years, ASCE will show a small growth in Revenue. The Revenue will grow by 2.89% on average per year.
EPS Next Y3.83%
EPS Next 2Y3.75%
EPS Next 3Y3.13%
EPS Next 5Y3.02%
Revenue Next Year5.55%
Revenue Next 2Y3.91%
Revenue Next 3Y3.23%
Revenue Next 5Y2.89%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
ASCE is valuated reasonably with a Price/Earnings ratio of 11.59.
Based on the Price/Earnings ratio, ASCE is valued a bit cheaper than 69.05% of the companies in the same industry.
ASCE is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.20, the valuation of ASCE can be described as reasonable.
Based on the Price/Forward Earnings ratio, ASCE is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
ASCE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.59 | ||
| Fwd PE | 8.2 |
4.2 Price Multiples
97.62% of the companies in the same industry are more expensive than ASCE, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ASCE is valued cheaper than 88.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.87 | ||
| EV/EBITDA | 8.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of ASCE may justify a higher PE ratio.
PEG (NY)3.02
PEG (5Y)N/A
EPS Next 2Y3.75%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
ASCE has a Yearly Dividend Yield of 6.49%, which is a nice return.
Compared to an average industry Dividend Yield of 7.73, ASCE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.47, ASCE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.49% |
5.2 History
The dividend of ASCE has a limited annual growth rate of 4.11%.
Dividend Growth(5Y)4.11%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
122.85% of the earnings are spent on dividend by ASCE. This is not a sustainable payout ratio.
The dividend of ASCE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP122.85%
EPS Next 2Y3.75%
EPS Next 3Y3.13%
EBR:ASCE (4/25/2025, 7:00:00 PM)
46.6
+0.2 (+0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners8.91%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap307.56M
Analysts45.45
Price Target53.38 (14.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.49% |
Yearly Dividend4.15
Dividend Growth(5Y)4.11%
DP122.85%
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)0%
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)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.59 | ||
| Fwd PE | 8.2 | ||
| P/S | 3.89 | ||
| P/FCF | 7.87 | ||
| P/OCF | 6.69 | ||
| P/B | 0.73 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 8.8 |
EPS(TTM)4.02
EY8.63%
EPS(NY)5.68
Fwd EY12.19%
FCF(TTM)5.92
FCFY12.71%
OCF(TTM)6.96
OCFY14.94%
SpS11.97
BVpS64.11
TBVpS64.05
PEG (NY)3.02
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.87% | ||
| ROE | 5.27% | ||
| ROCE | 9.95% | ||
| ROIC | 6.91% | ||
| ROICexc | 6.95% | ||
| ROICexgc | 6.95% | ||
| OM | 82.95% | ||
| PM (TTM) | 28.21% | ||
| GM | 88.81% | ||
| FCFM | 49.48% |
ROA(3y)7.38%
ROA(5y)N/A
ROE(3y)13.56%
ROE(5y)N/A
ROIC(3y)4.03%
ROIC(5y)N/A
ROICexc(3y)4.06%
ROICexc(5y)N/A
ROICexgc(3y)4.06%
ROICexgc(5y)N/A
ROCE(3y)5.71%
ROCE(5y)N/A
ROICexcg growth 3Y2.58%
ROICexcg growth 5YN/A
ROICexc growth 3Y2.57%
ROICexc growth 5YN/A
OM growth 3Y1.19%
OM growth 5YN/A
PM growth 3Y46.96%
PM growth 5YN/A
GM growth 3Y7.44%
GM growth 5YN/A
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.4 | ||
| Debt/EBITDA | 4.24 | ||
| Cap/Depr | 27508% | ||
| Cap/Sales | 8.71% | ||
| Interest Coverage | 9.04 | ||
| Cash Conversion | 70.12% | ||
| Profit Quality | 175.42% | ||
| Current Ratio | 0.13 | ||
| Quick Ratio | 0.13 | ||
| Altman-Z | 0.84 |
F-Score6
WACC4.8%
ROIC/WACC1.44
Cap/Depr(3y)8801.88%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.14%
Cap/Sales(5y)N/A
Profit Quality(3y)78.65%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-62.71%
EPS 3Y54.05%
EPS 5YN/A
EPS Q2Q%38.52%
EPS Next Y3.83%
EPS Next 2Y3.75%
EPS Next 3Y3.13%
EPS Next 5Y3.02%
Revenue 1Y (TTM)7.26%
Revenue growth 3Y4.83%
Revenue growth 5YN/A
Sales Q2Q%2.31%
Revenue Next Year5.55%
Revenue Next 2Y3.91%
Revenue Next 3Y3.23%
Revenue Next 5Y2.89%
EBIT growth 1Y6.46%
EBIT growth 3Y6.08%
EBIT growth 5YN/A
EBIT Next Year19.8%
EBIT Next 3Y7.15%
EBIT Next 5Y5.04%
FCF growth 1Y-4.4%
FCF growth 3Y3.27%
FCF growth 5YN/A
OCF growth 1Y11.67%
OCF growth 3Y8.78%
OCF growth 5YN/A