ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe - BIT:ASC - IT0004093263 - Common Stock
3.365 EUR
+0.04 (+1.2%)
Taking everything into account, ASC scores 5 out of 10 in our fundamental rating. ASC was compared to 6 industry peers in the Gas Utilities industry. While ASC is still in line with the averages on profitability rating, there are concerns on its financial health. ASC has a decent growth rate and is not valued too expensively.
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.
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's Return On Assets of 4.87% is in line compared to the rest of the industry. ASC outperforms 50.00% of its industry peers.
ASC's Return On Equity of 9.38% is on the low side compared to the rest of the industry. ASC is outperformed by 66.67% of its industry peers.
ASC has a Return On Invested Capital of 3.11%. This is amonst the worse of the industry: ASC underperforms 83.33% 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 6.79%.
The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.38% | ||
| ROIC | 3.11% |
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
ASC has a better Profit Margin (38.86%) than 83.33% of its industry peers.
ASC's Profit Margin has declined in the last couple of years.
ASC has a better Operating Margin (26.50%) than 66.67% of its industry peers.
In the last couple of years the Operating Margin of ASC has grown nicely.
ASC has a Gross Margin of 92.82%. This is amongst the best in the industry. ASC outperforms 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 | 26.5% | ||
| PM (TTM) | 38.86% | ||
| GM | 92.82% |
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.
ASC has less shares outstanding than it did 5 years ago.
ASC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.34, we must say that ASC is in the distress zone and has some risk of bankruptcy.
ASC has a Altman-Z score of 1.34. This is in the better half of the industry: ASC outperforms 66.67% of its industry peers.
ASC has a Debt/Equity ratio of 0.59. This is a neutral value indicating ASC is somewhat dependend on debt financing.
The Debt to Equity ratio of ASC (0.59) is better than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.34 |
ROIC/WACC0.46
WACC6.71%
2.3 Liquidity
A Current Ratio of 0.69 indicates that ASC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, ASC is doing worse than 83.33% of the companies in the same industry.
ASC has a Quick Ratio of 0.69. This is a bad value and indicates that ASC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.66, ASC is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 98.60% over the past year.
ASC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -40.36% yearly.
ASC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.09%.
Measured over the past years, ASC shows a quite strong growth in Revenue. The Revenue has been growing by 10.02% on average per year.
EPS 1Y (TTM)98.6%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%394.43%
Revenue 1Y (TTM)9.09%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%2.9%
3.2 Future
The Earnings Per Share is expected to grow by 11.32% on average over the next years. This is quite good.
Based on estimates for the next years, ASC will show a quite strong growth in Revenue. The Revenue will grow by 8.60% on average per year.
EPS Next Y32.19%
EPS Next 2Y11.42%
EPS Next 3Y11.32%
EPS Next 5YN/A
Revenue Next Year20.74%
Revenue Next 2Y16.48%
Revenue Next 3Y13.16%
Revenue Next 5Y8.6%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.86 indicates a reasonable valuation of ASC.
Based on the Price/Earnings ratio, ASC is valued cheaper than 100.00% of the companies in the same industry.
ASC is valuated cheaply when we compare the Price/Earnings ratio to 26.06, which is the current average of the S&P500 Index.
ASC is valuated rather expensively with a Price/Forward Earnings ratio of 18.51.
Based on the Price/Forward Earnings ratio, ASC is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, ASC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.86 | ||
| Fwd PE | 18.51 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASC is valued expensively inside the industry as 83.33% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.72 |
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.
ASC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y11.42%
EPS Next 3Y11.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.82%, ASC is a good candidate for dividend investing.
ASC's Dividend Yield is comparable with the industry average which is at 5.00.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
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 39.07% of its income as dividend. This is a sustainable payout ratio.
DP39.07%
EPS Next 2Y11.42%
EPS Next 3Y11.32%
BIT:ASC (11/10/2025, 4:58:44 PM)
3.365
+0.04 (+1.2%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners3.87%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap788.79M
Revenue(TTM)213.81M
Net Income(TTM)83.09M
Analysts77.14
Price Target3.64 (8.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
Yearly Dividend0.14
Dividend Growth(5Y)-16.09%
DP39.07%
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)0.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-19.01%
EPS NY rev (3m)-21.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.86 | ||
| Fwd PE | 18.51 | ||
| P/S | 3.69 | ||
| P/FCF | N/A | ||
| P/OCF | 6.75 | ||
| P/B | 0.89 | ||
| P/tB | 8.84 | ||
| EV/EBITDA | 12.72 |
EPS(TTM)0.38
EY11.29%
EPS(NY)0.18
Fwd EY5.4%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)0.5
OCFY14.81%
SpS0.91
BVpS3.78
TBVpS0.38
PEG (NY)0.28
PEG (5Y)N/A
Graham Number5.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.38% | ||
| ROCE | 3.84% | ||
| ROIC | 3.11% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 7.43% | ||
| OM | 26.5% | ||
| PM (TTM) | 38.86% | ||
| GM | 92.82% | ||
| 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-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 1035.62% | ||
| Cap/Sales | 247.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.34% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 1.34 |
F-Score6
WACC6.71%
ROIC/WACC0.46
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)98.6%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%394.43%
EPS Next Y32.19%
EPS Next 2Y11.42%
EPS Next 3Y11.32%
EPS Next 5YN/A
Revenue 1Y (TTM)9.09%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%2.9%
Revenue Next Year20.74%
Revenue Next 2Y16.48%
Revenue Next 3Y13.16%
Revenue Next 5Y8.6%
EBIT growth 1Y-5.96%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year204.46%
EBIT Next 3Y51.66%
EBIT Next 5Y38.19%
FCF growth 1Y-514.43%
FCF growth 3Y-12.35%
FCF growth 5YN/A
OCF growth 1Y324.66%
OCF growth 3Y6.94%
OCF growth 5Y31.62%
ASCOPIAVE SPA / ASC.MI FAQ
Can you provide the ChartMill fundamental rating for ASCOPIAVE SPA?
ChartMill assigns a fundamental rating of 4 / 10 to ASC.MI.
What is the valuation status of ASCOPIAVE SPA (ASC.MI) stock?
ChartMill assigns a valuation rating of 4 / 10 to ASCOPIAVE SPA (ASC.MI). This can be considered as Fairly Valued.
What is the profitability of ASC stock?
ASCOPIAVE SPA (ASC.MI) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for ASC stock?
The Price/Earnings (PE) ratio for ASCOPIAVE SPA (ASC.MI) is 8.86 and the Price/Book (PB) ratio is 0.89.
Can you provide the expected EPS growth for ASC stock?
The Earnings per Share (EPS) of ASCOPIAVE SPA (ASC.MI) is expected to grow by 32.19% in the next year.