ASCOPIAVE SPA (ASC.MI) Fundamental Analysis & Valuation

BIT:ASC • IT0004093263

Current stock price

3.435 EUR
-0.03 (-0.87%)
Last:

This ASC.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ASC.MI Profitability Analysis

1.1 Basic Checks

  • In the past year ASC was profitable.
  • ASC had a positive operating cash flow in the past year.
  • Each year in the past 5 years ASC has been profitable.
  • Each year in the past 5 years ASC had a positive operating cash flow.
ASC.MI Yearly Net Income VS EBIT VS OCF VS FCFASC.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

1.2 Ratios

  • ASC's Return On Assets of 4.74% is on the low side compared to the rest of the industry. ASC is outperformed by 75.00% of its industry peers.
  • ASC's Return On Equity of 9.52% is on the low side compared to the rest of the industry. ASC is outperformed by 75.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3.45%, ASC is doing worse than 75.00% of the companies in the same industry.
  • ASC had an Average Return On Invested Capital over the past 3 years of 3.43%. This is below the industry average of 6.91%.
  • The last Return On Invested Capital (3.45%) for ASC is above the 3 year average (3.43%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.74%
ROE 9.52%
ROIC 3.45%
ROA(3y)3.23%
ROA(5y)2.99%
ROE(3y)6.01%
ROE(5y)5.4%
ROIC(3y)3.43%
ROIC(5y)2.78%
ASC.MI Yearly ROA, ROE, ROICASC.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • With a decent Profit Margin value of 35.55%, ASC is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • ASC's Profit Margin has been stable in the last couple of years.
  • With a Operating Margin value of 27.64%, ASC perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • ASC's Operating Margin has improved in the last couple of years.
  • ASC has a Gross Margin of 92.08%. 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 declined.
Industry RankSector Rank
OM 27.64%
PM (TTM) 35.55%
GM 92.08%
OM growth 3Y47.9%
OM growth 5Y13.84%
PM growth 3Y21.41%
PM growth 5Y0.77%
GM growth 3Y-4.34%
GM growth 5Y-1.5%
ASC.MI Yearly Profit, Operating, Gross MarginsASC.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100 200 300

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2

2. ASC.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASC is destroying value.
  • The number of shares outstanding for ASC remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for ASC remains at a similar level compared to 5 years ago.
  • The debt/assets ratio for ASC is higher compared to a year ago.
ASC.MI Yearly Shares OutstandingASC.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
ASC.MI Yearly Total Debt VS Total AssetsASC.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • ASC has an Altman-Z score of 1.30. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
  • ASC's Altman-Z score of 1.30 is fine compared to the rest of the industry. ASC outperforms 75.00% of its industry peers.
  • ASC has a Debt/Equity ratio of 0.60. This is a neutral value indicating ASC is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.60, ASC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF N/A
Altman-Z 1.3
ROIC/WACC0.54
WACC6.42%
ASC.MI Yearly LT Debt VS Equity VS FCFASC.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.77 indicates that ASC may have some problems paying its short term obligations.
  • ASC has a Current ratio (0.77) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.73 indicates that ASC may have some problems paying its short term obligations.
  • ASC has a Quick ratio of 0.73. This is comparable to the rest of the industry: ASC outperforms 50.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.73
ASC.MI Yearly Current Assets VS Current LiabilitesASC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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5

3. ASC.MI Growth Analysis

3.1 Past

  • ASC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 141.51%, which is quite impressive.
  • The Earnings Per Share has been growing by 8.15% on average over the past years. This is quite good.
  • ASC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.21%.
  • Measured over the past years, ASC shows a small growth in Revenue. The Revenue has been growing by 7.33% on average per year.
EPS 1Y (TTM)141.51%
EPS 3Y40.69%
EPS 5Y8.15%
EPS Q2Q%6.55%
Revenue 1Y (TTM)19.21%
Revenue growth 3Y14.11%
Revenue growth 5Y7.33%
Sales Q2Q%3.04%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.92% on average over the next years.
  • ASC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.64% yearly.
EPS Next Y3.71%
EPS Next 2Y4.53%
EPS Next 3Y6.92%
EPS Next 5YN/A
Revenue Next Year8.07%
Revenue Next 2Y7.37%
Revenue Next 3Y6.64%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 stable.
ASC.MI Yearly Revenue VS EstimatesASC.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
ASC.MI Yearly EPS VS EstimatesASC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.05 0.1 0.15 0.2

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3

4. ASC.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.59, which indicates a very decent valuation of ASC.
  • 75.00% of the companies in the same industry are more expensive than ASC, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.95, ASC is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 18.22, the valuation of ASC can be described as rather expensive.
  • ASC's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 38.68. ASC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.59
Fwd PE 18.22
ASC.MI Price Earnings VS Forward Price EarningsASC.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASC indicates a slightly more expensive valuation: ASC is more expensive than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.75
ASC.MI Per share dataASC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2 3

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.32
PEG (5Y)1.05
EPS Next 2Y4.53%
EPS Next 3Y6.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. ASC.MI Dividend Analysis

5.1 Amount

  • ASC has a Yearly Dividend Yield of 4.66%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.87, ASC pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, ASC pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.66%

5.2 History

  • The dividend of ASC decreases each year by -6.98%.
Dividend Growth(5Y)-6.98%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • ASC pays out 37.38% of its income as dividend. This is a sustainable payout ratio.
DP37.38%
EPS Next 2Y4.53%
EPS Next 3Y6.92%
ASC.MI Yearly Income VS Free CF VS DividendASC.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M
ASC.MI Dividend Payout.ASC.MI Dividend Payout, showing the Payout Ratio.ASC.MI Dividend Payout.PayoutRetained Earnings

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ASC.MI Fundamentals: All Metrics, Ratios and Statistics

ASCOPIAVE SPA

BIT:ASC (4/20/2026, 5:25:00 PM)

3.435

-0.03 (-0.87%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-04
Earnings (Next)05-06
Inst Owners3.91%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap805.20M
Revenue(TTM)244.32M
Net Income(TTM)86.84M
Analysts48.89
Price Target4.08 (18.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.66%
Yearly Dividend0.15
Dividend Growth(5Y)-6.98%
DP37.38%
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)6.19%
PT rev (3m)6.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.71%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.99%
Revenue NY rev (3m)2.64%
Valuation
Industry RankSector Rank
PE 8.59
Fwd PE 18.22
P/S 3.3
P/FCF N/A
P/OCF 7.16
P/B 0.88
P/tB N/A
EV/EBITDA 10.75
EPS(TTM)0.4
EY11.64%
EPS(NY)0.19
Fwd EY5.49%
FCF(TTM)-2.02
FCFYN/A
OCF(TTM)0.48
OCFY13.97%
SpS1.04
BVpS3.89
TBVpS-1.73
PEG (NY)2.32
PEG (5Y)1.05
Graham Number5.9187 (72.31%)
Profitability
Industry RankSector Rank
ROA 4.74%
ROE 9.52%
ROCE 4.35%
ROIC 3.45%
ROICexc 3.53%
ROICexgc 26.97%
OM 27.64%
PM (TTM) 35.55%
GM 92.08%
FCFM N/A
ROA(3y)3.23%
ROA(5y)2.99%
ROE(3y)6.01%
ROE(5y)5.4%
ROIC(3y)3.43%
ROIC(5y)2.78%
ROICexc(3y)3.53%
ROICexc(5y)2.92%
ROICexgc(3y)17.13%
ROICexgc(5y)12.62%
ROCE(3y)4.33%
ROCE(5y)3.51%
ROICexgc growth 3Y97.12%
ROICexgc growth 5Y42.4%
ROICexc growth 3Y50.55%
ROICexc growth 5Y13.61%
OM growth 3Y47.9%
OM growth 5Y13.84%
PM growth 3Y21.41%
PM growth 5Y0.77%
GM growth 3Y-4.34%
GM growth 5Y-1.5%
F-Score4
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF N/A
Debt/EBITDA 4.25
Cap/Depr 941.88%
Cap/Sales 239.51%
Interest Coverage 250
Cash Conversion 86.75%
Profit Quality N/A
Current Ratio 0.77
Quick Ratio 0.73
Altman-Z 1.3
F-Score4
WACC6.42%
ROIC/WACC0.54
Cap/Depr(3y)426.67%
Cap/Depr(5y)326.33%
Cap/Sales(3y)113.86%
Cap/Sales(5y)87.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)141.51%
EPS 3Y40.69%
EPS 5Y8.15%
EPS Q2Q%6.55%
EPS Next Y3.71%
EPS Next 2Y4.53%
EPS Next 3Y6.92%
EPS Next 5YN/A
Revenue 1Y (TTM)19.21%
Revenue growth 3Y14.11%
Revenue growth 5Y7.33%
Sales Q2Q%3.04%
Revenue Next Year8.07%
Revenue Next 2Y7.37%
Revenue Next 3Y6.64%
Revenue Next 5YN/A
EBIT growth 1Y25.91%
EBIT growth 3Y68.77%
EBIT growth 5Y22.18%
EBIT Next Year93%
EBIT Next 3Y29.01%
EBIT Next 5Y17.37%
FCF growth 1Y-2449.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11.15%
OCF growth 3Y4.51%
OCF growth 5Y21.68%

ASCOPIAVE SPA / ASC.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ASCOPIAVE SPA (ASC.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ASC.MI.


Can you provide the valuation status for ASCOPIAVE SPA?

ChartMill assigns a valuation rating of 3 / 10 to ASCOPIAVE SPA (ASC.MI). This can be considered as Overvalued.


How profitable is ASCOPIAVE SPA (ASC.MI) stock?

ASCOPIAVE SPA (ASC.MI) has a profitability rating of 5 / 10.


What is the financial health of ASCOPIAVE SPA (ASC.MI) stock?

The financial health rating of ASCOPIAVE SPA (ASC.MI) is 2 / 10.


What is the earnings growth outlook for ASCOPIAVE SPA?

The Earnings per Share (EPS) of ASCOPIAVE SPA (ASC.MI) is expected to grow by 3.71% in the next year.