ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:ASC • IT0004093263
3.365 EUR
-0.01 (-0.3%)
Last: Jan 30, 2026, 05:23 PM
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. While ASC is still in line with the averages on profitability rating, there are concerns on its financial health. ASC is not priced too expensively while it is growing strongly. Keep and eye on this one!
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.
- 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.
1.2 Ratios
- ASC's Return On Assets of 4.90% is in line compared to the rest of the industry. ASC outperforms 60.00% of its industry peers.
- Looking at the Return On Equity, with a value of 9.58%, ASC is doing worse than 60.00% of the companies in the same industry.
- With a Return On Invested Capital value of 3.57%, ASC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
- ASC had an Average Return On Invested Capital over the past 3 years of 2.44%. This is below the industry average of 6.63%.
- The 3 year average ROIC (2.44%) for ASC is below the current ROIC(3.57%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 9.58% | ||
| ROIC | 3.57% |
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 35.47%, ASC is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
- ASC's Profit Margin has declined in the last couple of years.
- ASC's Operating Margin of 26.94% is in line compared 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.
- With an excellent Gross Margin value of 94.46%, 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 | 26.94% | ||
| PM (TTM) | 35.47% | ||
| GM | 94.46% |
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 1.35, we must say that ASC is in the distress zone and has some risk of bankruptcy.
- ASC has a Altman-Z score (1.35) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 0.57 indicates that ASC is somewhat dependend on debt financing.
- The Debt to Equity ratio of ASC (0.57) is better than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.35 |
ROIC/WACC0.53
WACC6.72%
2.3 Liquidity
- ASC has a Current Ratio of 0.81. This is a bad value and indicates that ASC is not financially healthy enough and could expect problems in meeting its short term obligations.
- ASC has a Current ratio of 0.81. This is in the lower half of the industry: ASC underperforms 60.00% of its industry peers.
- ASC has a Quick Ratio of 0.81. This is a bad value and indicates that ASC is not financially healthy enough and could expect problems in meeting its short term obligations.
- ASC's Quick ratio of 0.76 is on the low side compared to the rest of the industry. ASC is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 75.86% 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.
- The Revenue has grown by 20.11% in the past year. This is a very strong growth!
- 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)75.86%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%37.09%
Revenue 1Y (TTM)20.11%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%60.87%
3.2 Future
- The Earnings Per Share is expected to grow by 8.46% 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 9.04% on average per year.
EPS Next Y24.14%
EPS Next 2Y9.86%
EPS Next 3Y8.46%
EPS Next 5YN/A
Revenue Next Year29.22%
Revenue Next 2Y16.65%
Revenue Next 3Y13.11%
Revenue Next 5Y9.04%
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
- With a Price/Earnings ratio of 8.41, the valuation of ASC can be described as very reasonable.
- ASC's Price/Earnings ratio is rather cheap when compared to the industry. ASC is cheaper than 100.00% of the companies in the same industry.
- ASC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.32.
- Based on the Price/Forward Earnings ratio of 19.04, the valuation of ASC can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, ASC is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
- When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (25.57), we can say ASC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.41 | ||
| Fwd PE | 19.04 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ASC is valued more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.61 |
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.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y9.86%
EPS Next 3Y8.46%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.44%, ASC is a good candidate for dividend investing.
- ASC's Dividend Yield is comparable with the industry average which is at 4.87.
- ASC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
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
- 37.74% of the earnings are spent on dividend by ASC. This is a low number and sustainable payout ratio.
DP37.74%
EPS Next 2Y9.86%
EPS Next 3Y8.46%
ASCOPIAVE SPA / ASC.MI FAQ
What is the ChartMill fundamental rating of ASCOPIAVE SPA (ASC.MI) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ASC.MI.
Can you provide the valuation status for ASCOPIAVE SPA?
ChartMill assigns a valuation rating of 4 / 10 to ASCOPIAVE SPA (ASC.MI). This can be considered as Fairly Valued.
Can you provide the profitability details for ASCOPIAVE SPA?
ASCOPIAVE SPA (ASC.MI) has a profitability rating of 5 / 10.
How financially healthy is ASCOPIAVE SPA?
The financial health rating of ASCOPIAVE SPA (ASC.MI) is 2 / 10.
Is the dividend of ASCOPIAVE SPA sustainable?
The dividend rating of ASCOPIAVE SPA (ASC.MI) is 6 / 10 and the dividend payout ratio is 37.74%.