ASCENCIO (ASCE.BR) Stock Fundamental Analysis
EBR:ASCE - Euronext Brussels - BE0003856730 - REIT - Currency: EUR
ASCE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. ASCE scores excellent on profitability, but there are concerns on its financial health. ASCE is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ASCE was profitable.
ASCE had a positive operating cash flow in the past year.
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 better Return On Assets (3.27%) than 72.50% of its industry peers.
With a decent Return On Equity value of 5.89%, ASCE is doing good in the industry, outperforming 65.00% of the companies in the same industry.
ASCE's Return On Invested Capital of 4.45% is fine compared to the rest of the industry. ASCE outperforms 80.00% of its industry peers.
ASCE had an Average Return On Invested Capital over the past 3 years of 4.27%. This is in line with the industry average of 3.63%.
The 3 year average ROIC (4.27%) for ASCE is below the current ROIC(4.45%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.27% | ||
| ROE | 5.89% | ||
| ROIC | 4.45% |
ROA(3y)6.38%
ROA(5y)5.34%
ROE(3y)11.37%
ROE(5y)9.82%
ROIC(3y)4.27%
ROIC(5y)4.11%
1.3 Margins
ASCE has a Profit Margin of 47.83%. This is comparable to the rest of the industry: ASCE outperforms 55.00% of its industry peers.
ASCE's Profit Margin has declined in the last couple of years.
ASCE's Operating Margin of 81.69% is fine compared to the rest of the industry. ASCE outperforms 77.50% of its industry peers.
ASCE's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 93.19%, ASCE belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ASCE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 81.69% | ||
| PM (TTM) | 47.83% | ||
| GM | 93.19% |
OM growth 3Y0.51%
OM growth 5YN/A
PM growth 3Y-21.43%
PM growth 5YN/A
GM growth 3Y7.29%
GM growth 5YN/A
2. Health
2.1 Basic Checks
ASCE 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, ASCE has about the same amount of shares outstanding.
ASCE has a better debt/assets ratio than last year.
2.2 Solvency
ASCE has an Altman-Z score of 0.82. This is a bad value and indicates that ASCE is not financially healthy and even has some risk of bankruptcy.
ASCE has a worse Altman-Z score (0.82) than 62.50% of its industry peers.
The Debt to FCF ratio of ASCE is 7.27, which is on the high side as it means it would take ASCE, 7.27 years of fcf income to pay off all of its debts.
ASCE has a better Debt to FCF ratio (7.27) than 95.00% of its industry peers.
ASCE has a Debt/Equity ratio of 0.67. This is a neutral value indicating ASCE is somewhat dependend on debt financing.
ASCE has a Debt to Equity ratio (0.67) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 7.27 | ||
| Altman-Z | 0.82 |
ROIC/WACC0.93
WACC4.76%
2.3 Liquidity
A Current Ratio of 0.19 indicates that ASCE may have some problems paying its short term obligations.
ASCE's Current ratio of 0.19 is on the low side compared to the rest of the industry. ASCE is outperformed by 80.00% of its industry peers.
ASCE has a Quick Ratio of 0.19. This is a bad value and indicates that ASCE is not financially healthy enough and could expect problems in meeting its short term obligations.
ASCE has a Quick ratio of 0.19. This is in the lower half of the industry: ASCE underperforms 77.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.19 |
3. Growth
3.1 Past
The earnings per share for ASCE have decreased strongly by -24.52% in the last year.
Measured over the past years, ASCE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.63% on average per year.
ASCE shows a small growth in Revenue. In the last year, the Revenue has grown by 3.94%.
ASCE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.85% yearly.
EPS 1Y (TTM)-24.52%
EPS 3Y-17.63%
EPS 5YN/A
EPS Q2Q%225.7%
Revenue 1Y (TTM)3.94%
Revenue growth 3Y4.85%
Revenue growth 5YN/A
Sales Q2Q%2.77%
3.2 Future
ASCE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.76% yearly.
The Revenue is expected to grow by 1.91% on average over the next years.
EPS Next Y3.66%
EPS Next 2Y2.78%
EPS Next 3Y2.76%
EPS Next 5YN/A
Revenue Next Year2%
Revenue Next 2Y1.94%
Revenue Next 3Y1.91%
Revenue Next 5YN/A
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
ASCE is valuated correctly with a Price/Earnings ratio of 12.43.
Compared to the rest of the industry, the Price/Earnings ratio of ASCE indicates a somewhat cheap valuation: ASCE is cheaper than 67.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.28, ASCE is valued rather cheaply.
ASCE is valuated reasonably with a Price/Forward Earnings ratio of 8.31.
Based on the Price/Forward Earnings ratio, ASCE is valued cheaper than 90.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ASCE to the average of the S&P500 Index (21.76), we can say ASCE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.43 | ||
| Fwd PE | 8.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASCE is valued cheaply inside the industry as 85.00% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASCE indicates a rather cheap valuation: ASCE is cheaper than 92.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.16 | ||
| EV/EBITDA | 13.52 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ASCE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.4
PEG (5Y)N/A
EPS Next 2Y2.78%
EPS Next 3Y2.76%
5. Dividend
5.1 Amount
ASCE has a Yearly Dividend Yield of 6.17%, which is a nice return.
ASCE's Dividend Yield is a higher than the industry average which is at 5.53.
ASCE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
5.2 History
The dividend of ASCE has a limited annual growth rate of 4.11%.
Dividend Growth(5Y)4.11%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
111.15% of the earnings are spent on dividend by ASCE. This is not a sustainable payout ratio.
ASCE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP111.15%
EPS Next 2Y2.78%
EPS Next 3Y2.76%
EBR:ASCE (7/3/2025, 9:12:19 AM)
48.1
+0.15 (+0.31%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners9.21%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap317.46M
Analysts46.67
Price Target52.28 (8.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
Yearly Dividend4.15
Dividend Growth(5Y)4.11%
DP111.15%
Div Incr Years1
Div Non Decr Years1
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)-2.07%
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)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.43 | ||
| Fwd PE | 8.31 | ||
| P/S | 5.95 | ||
| P/FCF | 7.16 | ||
| P/OCF | 7.19 | ||
| P/B | 0.73 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 13.52 |
EPS(TTM)3.87
EY8.05%
EPS(NY)5.79
Fwd EY12.04%
FCF(TTM)6.72
FCFY13.96%
OCF(TTM)6.69
OCFY13.91%
SpS8.08
BVpS65.65
TBVpS65.59
PEG (NY)3.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.27% | ||
| ROE | 5.89% | ||
| ROCE | 6.29% | ||
| ROIC | 4.45% | ||
| ROICexc | 4.47% | ||
| ROICexgc | 4.47% | ||
| OM | 81.69% | ||
| PM (TTM) | 47.83% | ||
| GM | 93.19% | ||
| FCFM | 83.09% |
ROA(3y)6.38%
ROA(5y)5.34%
ROE(3y)11.37%
ROE(5y)9.82%
ROIC(3y)4.27%
ROIC(5y)4.11%
ROICexc(3y)4.3%
ROICexc(5y)4.14%
ROICexgc(3y)4.3%
ROICexgc(5y)4.14%
ROCE(3y)6.07%
ROCE(5y)5.85%
ROICexcg growth 3Y5.67%
ROICexcg growth 5YN/A
ROICexc growth 3Y5.65%
ROICexc growth 5YN/A
OM growth 3Y0.51%
OM growth 5YN/A
PM growth 3Y-21.43%
PM growth 5YN/A
GM growth 3Y7.29%
GM growth 5YN/A
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 7.27 | ||
| Debt/EBITDA | 6.65 | ||
| Cap/Depr | 87.63% | ||
| Cap/Sales | 0.32% | ||
| Interest Coverage | 6.05 | ||
| Cash Conversion | 100.87% | ||
| Profit Quality | 173.7% | ||
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.19 | ||
| Altman-Z | 0.82 |
F-Score6
WACC4.76%
ROIC/WACC0.93
Cap/Depr(3y)8909.74%
Cap/Depr(5y)5356.53%
Cap/Sales(3y)4.38%
Cap/Sales(5y)2.65%
Profit Quality(3y)107.24%
Profit Quality(5y)153.94%
High Growth Momentum
Growth
EPS 1Y (TTM)-24.52%
EPS 3Y-17.63%
EPS 5YN/A
EPS Q2Q%225.7%
EPS Next Y3.66%
EPS Next 2Y2.78%
EPS Next 3Y2.76%
EPS Next 5YN/A
Revenue 1Y (TTM)3.94%
Revenue growth 3Y4.85%
Revenue growth 5YN/A
Sales Q2Q%2.77%
Revenue Next Year2%
Revenue Next 2Y1.94%
Revenue Next 3Y1.91%
Revenue Next 5YN/A
EBIT growth 1Y2.7%
EBIT growth 3Y5.38%
EBIT growth 5YN/A
EBIT Next Year4.68%
EBIT Next 3Y2.04%
EBIT Next 5YN/A
FCF growth 1Y16.08%
FCF growth 3Y4.31%
FCF growth 5YN/A
OCF growth 1Y0.21%
OCF growth 3Y4.63%
OCF growth 5YN/A