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 an average financial health and profitability rating. ASC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
ASC had a positive operating cash flow in the past year.
ASC had positive earnings in each of the past 5 years.
Each year in the past 5 years ASC had a positive operating cash flow.
1.2 Ratios
ASC has a worse Return On Assets (2.61%) than 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.
ASC's Return On Invested Capital of 3.97% is on the low side compared to the rest of the industry. ASC is outperformed by 80.00% 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 6.78%.
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
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.
ASC has a Operating Margin of 28.37%. This is comparable to the rest of the industry: ASC outperforms 60.00% of its industry peers.
ASC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 92.62%, ASC belongs to the top 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.
The number of shares outstanding for ASC remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ASC has less shares outstanding
Compared to 1 year ago, ASC has an improved debt to assets ratio.
2.2 Solvency
ASC has an Altman-Z score of 1.69. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ASC (1.69) is better than 80.00% of its industry peers.
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 80.00% 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 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 6.36 | ||
| Altman-Z | 1.69 |
ROIC/WACC0.59
WACC6.79%
2.3 Liquidity
A Current Ratio of 1.49 indicates that ASC should not have too much problems paying its short term obligations.
ASC has a Current ratio of 1.49. This is amongst the best in 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.
ASC's Quick ratio of 1.43 is amongst the best of 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.
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 13.22%.
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)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.
ASC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.90% 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 5Y8.9%
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
ASC is valuated correctly with a Price/Earnings ratio of 16.36.
80.00% of the companies in the same industry are cheaper than ASC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.35, ASC is valued a bit cheaper.
The Price/Forward Earnings ratio is 17.67, which indicates a rather expensive current valuation of ASC.
Based on the Price/Forward Earnings ratio, ASC is valued a bit more expensive than 60.00% of the companies in the same industry.
ASC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.36 | ||
| Fwd PE | 17.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASC is valued a bit more expensive than 60.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ASC is valued a bit cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.8 | ||
| EV/EBITDA | 9.5 |
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)0.24
PEG (5Y)N/A
EPS Next 2Y6.67%
EPS Next 3Y14.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.90%, ASC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.44, ASC is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.40, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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 (6/20/2025, 7:00:00 PM)
2.945
-0.01 (-0.44%)
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 Cap690.34M
Analysts77.14
Price Target3.6 (22.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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)1.92%
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)68.97%
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 | 16.36 | ||
| Fwd PE | 17.67 | ||
| P/S | 3.25 | ||
| P/FCF | 10.8 | ||
| P/OCF | 4.76 | ||
| P/B | 0.81 | ||
| P/tB | 10.1 | ||
| EV/EBITDA | 9.5 |
EPS(TTM)0.18
EY6.11%
EPS(NY)0.17
Fwd EY5.66%
FCF(TTM)0.27
FCFY9.26%
OCF(TTM)0.62
OCFY21.02%
SpS0.91
BVpS3.66
TBVpS0.29
PEG (NY)0.24
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 | 1.69 |
F-Score6
WACC6.79%
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 5Y8.9%
EBIT growth 1Y12.44%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year203.63%
EBIT Next 3Y50.51%
EBIT Next 5Y37.52%
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%