ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
BIT:ASC - Euronext Milan - IT0004093263 - Common Stock - Currency: EUR
Taking everything into account, ASC scores 5 out of 10 in our fundamental rating. ASC was compared to 4 industry peers in the Gas Utilities industry. Both the profitability and the financial health of ASC get a neutral evaluation. Nothing too spectacular is happening here. ASC is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
In the past year ASC had a positive cash flow from operations.
ASC had positive earnings in each of the past 5 years.
ASC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ASC (2.61%) is worse than 75.00% of its industry peers.
The Return On Equity of ASC (4.50%) is worse than 75.00% of its industry peers.
The Return On Invested Capital of ASC (3.97%) is worse than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 7.12%.
The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.97%), indicating increased profibility in the last year.
| 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
ASC has a Profit Margin of 18.16%. This is comparable to the rest of the industry: ASC outperforms 50.00% of its industry peers.
ASC's Profit Margin has declined in the last couple of years.
ASC has a Operating Margin (28.37%) which is in line with its industry peers.
In the last couple of years the Operating Margin of ASC has grown nicely.
With an excellent Gross Margin value of 92.62%, ASC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
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.
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.
The debt/assets ratio for ASC has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.72, we must say that ASC is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.72, ASC is doing good in the industry, outperforming 75.00% 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.
Looking at the Debt to FCF ratio, with a value of 6.36, ASC is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 0.34 indicates that ASC is not too dependend on debt financing.
ASC has a better Debt to Equity ratio (0.34) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 6.36 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.58
WACC6.84%
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.
The Current ratio of ASC (1.49) is better than 100.00% of its industry peers.
ASC has a Quick Ratio of 1.43. This is a normal value and indicates that ASC is financially healthy and should not expect problems in meeting its short term obligations.
ASC has a Quick ratio of 1.43. This is amongst the best in the industry. ASC outperforms 100.00% of its industry peers.
| 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
Looking at the last year, ASC shows a quite strong growth in Revenue. The Revenue has grown by 13.22% in the last year.
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
The Earnings Per Share is expected to grow by 14.91% on average over the next years. This is quite good.
Based on estimates for the next years, ASC will show a small growth in Revenue. The Revenue will grow by 7.07% on average per year.
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 5Y7.07%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 17.19, ASC is valued on the expensive side.
Based on the Price/Earnings ratio, ASC is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.20. ASC is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 18.57, which indicates a rather expensive current valuation of ASC.
ASC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ASC is more expensive than 75.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, ASC is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.19 | ||
| Fwd PE | 18.57 |
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.
75.00% of the companies in the same industry are more expensive than ASC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.36 | ||
| EV/EBITDA | 9.79 |
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.
A more expensive valuation may be justified as ASC's earnings are expected to grow with 14.91% in the coming years.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y6.67%
EPS Next 3Y14.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.87%, ASC is a good candidate for dividend investing.
ASC's Dividend Yield is slightly below the industry average, which is at 5.77.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
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 78.68% of its income as dividend. This is not a sustainable payout ratio.
DP78.68%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
BIT:ASC (5/29/2025, 7:00:00 PM)
3.095
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners3.93%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap725.50M
Analysts77.14
Price Target3.54 (14.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
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)1.96%
PT rev (3m)7.22%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)68.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.46%
Revenue NY rev (3m)19.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.19 | ||
| Fwd PE | 18.57 | ||
| P/S | 3.42 | ||
| P/FCF | 11.36 | ||
| P/OCF | 5 | ||
| P/B | 0.85 | ||
| P/tB | 10.61 | ||
| EV/EBITDA | 9.79 |
EPS(TTM)0.18
EY5.82%
EPS(NY)0.17
Fwd EY5.38%
FCF(TTM)0.27
FCFY8.81%
OCF(TTM)0.62
OCFY20%
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
WACC6.84%
ROIC/WACC0.58
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 5Y7.07%
EBIT growth 1Y12.44%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year203.63%
EBIT Next 3Y50.51%
EBIT Next 5Y34.8%
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%