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 5 industry peers in the Gas Utilities industry. ASC has an average financial health and profitability rating. ASC is valied quite expensively at the moment, while it does show a decent growth rate.
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.
Each year in the past 5 years ASC had a positive operating cash flow.
1.2 Ratios
ASC has a Return On Assets of 2.61%. This is amonst the worse of the industry: ASC underperforms 80.00% of its industry peers.
With a Return On Equity value of 4.50%, ASC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
The Return On Invested Capital of ASC (3.97%) is worse than 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ASC is below the industry average of 6.67%.
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's Profit Margin of 18.16% is in line compared to the rest of the industry. ASC outperforms 60.00% of its industry peers.
ASC's Profit Margin has declined in the last couple of years.
ASC's Operating Margin of 28.37% is in line compared to the rest of the industry. ASC outperforms 60.00% of its industry peers.
In the last couple of years the Operating Margin of ASC has grown nicely.
ASC's Gross Margin of 92.62% is amongst the best of 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 | 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
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.
The number of shares outstanding for ASC has been reduced compared to 5 years ago.
ASC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.73, we must say that ASC is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.73, ASC is doing good in 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.
ASC's Debt to FCF ratio of 6.36 is in line compared to the rest of the industry. ASC outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that ASC is not too dependend on debt financing.
ASC's Debt to Equity ratio of 0.34 is amongst the best of the industry. ASC outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 6.36 | ||
| Altman-Z | 1.73 |
ROIC/WACC0.6
WACC6.61%
2.3 Liquidity
A Current Ratio of 1.49 indicates that ASC should not have too much problems paying its short term obligations.
ASC's Current ratio of 1.49 is amongst the best of the industry. ASC outperforms 100.00% of its industry peers.
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
ASC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.05%.
The earnings per share for ASC have been decreasing by -40.36% on average. This is quite bad
The Revenue has grown by 13.22% in the past year. This is quite good.
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
Based on estimates for the next years, ASC will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.91% on average per year.
Based on estimates for the next years, ASC will show a quite strong growth in Revenue. The Revenue will grow by 8.41% on average per year.
EPS Next Y68.97%
EPS Next 2Y6.67%
EPS Next 3Y14.91%
EPS Next 5YN/A
Revenue Next Year21.82%
Revenue Next 2Y16.96%
Revenue Next 3Y12.99%
Revenue Next 5Y8.41%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.36, the valuation of ASC can be described as rather expensive.
ASC's Price/Earnings ratio is rather expensive when compared to the industry. ASC is more expensive than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.48, ASC is valued a bit cheaper.
With a Price/Forward Earnings ratio of 18.75, ASC is valued on the expensive side.
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.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.04, ASC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.36 | ||
| Fwd PE | 18.75 |
4.2 Price Multiples
80.00% of the companies in the same industry are cheaper than ASC, based on the Enterprise Value to EBITDA ratio.
ASC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.47 | ||
| EV/EBITDA | 9.85 |
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'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
With a Yearly Dividend Yield of 4.79%, ASC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.44, ASC is paying slightly less dividend.
ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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 (8/8/2025, 5:29:59 PM)
3.125
0 (-0.16%)
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 Cap732.53M
Analysts77.14
Price Target3.6 (15.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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)1.92%
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)-1.17%
Revenue NY rev (3m)-1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.36 | ||
| Fwd PE | 18.75 | ||
| P/S | 3.45 | ||
| P/FCF | 11.47 | ||
| P/OCF | 5.05 | ||
| P/B | 0.85 | ||
| P/tB | 10.71 | ||
| EV/EBITDA | 9.85 |
EPS(TTM)0.18
EY5.76%
EPS(NY)0.17
Fwd EY5.33%
FCF(TTM)0.27
FCFY8.72%
OCF(TTM)0.62
OCFY19.81%
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 | 1.73 |
F-Score6
WACC6.61%
ROIC/WACC0.6
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 Year21.82%
Revenue Next 2Y16.96%
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%