ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
BIT:ASC - Euronext Milan - IT0004093263 - Common Stock - Currency: EUR
ASC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 5 industry peers in the Gas Utilities industry. ASC has only an average score on both its financial health and profitability. While showing a medium growth rate, ASC is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
ASC had positive earnings in the past year.
In the past year ASC had a positive cash flow from operations.
Each year in the past 5 years ASC has been profitable.
In the past 5 years ASC always reported a positive cash flow from operatings.
1.2 Ratios
ASC has a worse Return On Assets (2.61%) than 80.00% of its industry peers.
The Return On Equity of ASC (4.50%) is worse than 80.00% of its industry peers.
The Return On Invested Capital of ASC (3.97%) is worse than 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 6.67%.
The last Return On Invested Capital (3.97%) for ASC is above the 3 year average (2.44%), which is a sign of increasing profitability.
| 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.
ASC's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 28.37%, ASC perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ASC's Operating Margin has improved in the last couple of years.
The Gross Margin of ASC (92.62%) is better than 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 | 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASC is destroying value.
ASC has about the same amout of shares outstanding than it did 1 year ago.
ASC has less shares outstanding than it did 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 1.72. 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 1.72, ASC is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Debt to FCF ratio of ASC is 6.36, which is on the high side as it means it would take ASC, 6.36 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.36, ASC perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ASC has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
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 | 1.72 |
ROIC/WACC0.59
WACC6.69%
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.
Looking at the Current ratio, with a value of 1.49, ASC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 1.43 indicates that ASC should not have too much problems paying 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.
The earnings per share for ASC have been decreasing by -40.36% on average. This is quite bad
ASC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.22%.
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
ASC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.91% yearly.
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
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.
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
The Price/Earnings ratio is 17.31, which indicates a rather expensive current valuation of ASC.
Based on the Price/Earnings ratio, ASC is valued more expensive than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.48, ASC is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.69 indicates a rather expensive valuation of ASC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASC indicates a slightly more expensive valuation: ASC is more expensive than 60.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.52. ASC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.31 | ||
| Fwd PE | 18.69 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASC indicates a rather expensive valuation: ASC more expensive than 80.00% of the companies listed in the same industry.
ASC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.43 | ||
| EV/EBITDA | 9.8 |
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.
ASC's earnings are expected to grow with 14.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y6.67%
EPS Next 3Y14.91%
5. Dividend
5.1 Amount
ASC has a Yearly Dividend Yield of 4.93%, which is a nice return.
ASC's Dividend Yield is slightly below the industry average, which is at 5.59.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
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
78.68% of the earnings are spent on dividend by ASC. This is not a sustainable payout ratio.
DP78.68%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
BIT:ASC (7/18/2025, 12:45:58 PM)
3.115
+0.01 (+0.39%)
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 Cap730.19M
Analysts77.14
Price Target3.6 (15.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
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)0%
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 | 17.31 | ||
| Fwd PE | 18.69 | ||
| P/S | 3.44 | ||
| P/FCF | 11.43 | ||
| P/OCF | 5.03 | ||
| P/B | 0.85 | ||
| P/tB | 10.68 | ||
| EV/EBITDA | 9.8 |
EPS(TTM)0.18
EY5.78%
EPS(NY)0.17
Fwd EY5.35%
FCF(TTM)0.27
FCFY8.75%
OCF(TTM)0.62
OCFY19.88%
SpS0.91
BVpS3.66
TBVpS0.29
PEG (NY)0.25
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 | 1.72 |
F-Score6
WACC6.69%
ROIC/WACC0.59
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%