ASCOPIAVE SPA (ASC.MI) Stock Fundamental Analysis
BIT:ASC - IT0004093263 - Common Stock
3.08 EUR
+0.02 (+0.65%)
Taking everything into account, ASC scores 4 out of 10 in our fundamental rating. ASC was compared to 5 industry peers in the Gas Utilities industry. ASC has a medium profitability rating, but doesn't score so well on its financial health evaluation. ASC has a correct valuation and a medium 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.
Each year in the past 5 years ASC had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 4.87%, ASC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
ASC's Return On Equity of 9.38% is on the low side compared to the rest of the industry. ASC is outperformed by 60.00% of its industry peers.
ASC has a Return On Invested Capital of 3.11%. This is amonst the worse of the industry: ASC underperforms 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 6.30%.
The last Return On Invested Capital (3.11%) for ASC is above the 3 year average (2.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.38% | ||
| ROIC | 3.11% |
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
With a decent Profit Margin value of 38.86%, ASC is doing good in 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 has a Operating Margin (26.50%) which is comparable to the rest of the industry.
ASC's Operating Margin has improved in the last couple of years.
ASC's Gross Margin of 92.82% 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 | 26.5% | ||
| PM (TTM) | 38.86% | ||
| GM | 92.82% |
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
ASC has an Altman-Z score of 1.29. This is a bad value and indicates that ASC is not financially healthy and even has some risk of bankruptcy.
ASC has a Altman-Z score of 1.29. This is comparable to the rest of the industry: ASC outperforms 60.00% of its industry peers.
ASC has a Debt/Equity ratio of 0.59. This is a neutral value indicating ASC is somewhat dependend on debt financing.
ASC has a better Debt to Equity ratio (0.59) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.29 |
ROIC/WACC0.47
WACC6.6%
2.3 Liquidity
A Current Ratio of 0.69 indicates that ASC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, ASC is doing worse than 80.00% of the companies in the same industry.
A Quick Ratio of 0.66 indicates that ASC may have some problems paying its short term obligations.
ASC's Quick ratio of 0.66 is on the low side compared to the rest of the industry. ASC is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
ASC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 98.60%, which is quite impressive.
The earnings per share for ASC have been decreasing by -40.36% on average. This is quite bad
The Revenue has grown by 9.09% in the past year. This is quite good.
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)98.6%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%394.43%
Revenue 1Y (TTM)9.09%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%2.9%
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 12.54% 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 8.20% on average per year.
EPS Next Y65.52%
EPS Next 2Y10.38%
EPS Next 3Y12.54%
EPS Next 5YN/A
Revenue Next Year19.01%
Revenue Next 2Y17.55%
Revenue Next 3Y14.46%
Revenue Next 5Y8.2%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 8.11 indicates a reasonable valuation of ASC.
Based on the Price/Earnings ratio, ASC is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ASC to the average of the S&P500 Index (27.03), we can say ASC is valued rather cheaply.
A Price/Forward Earnings ratio of 17.26 indicates a rather expensive valuation of ASC.
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.
ASC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 17.26 |
4.2 Price Multiples
ASC's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. ASC is more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.18 |
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 12.54% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y10.38%
EPS Next 3Y12.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.88%, ASC is a good candidate for dividend investing.
ASC's Dividend Yield is slightly below the industry average, which is at 5.40.
Compared to an average S&P500 Dividend Yield of 2.45, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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
39.07% of the earnings are spent on dividend by ASC. This is a low number and sustainable payout ratio.
DP39.07%
EPS Next 2Y10.38%
EPS Next 3Y12.54%
BIT:ASC (9/10/2025, 7:00:00 PM)
3.08
+0.02 (+0.65%)
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 Cap721.98M
Analysts77.14
Price Target3.64 (18.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
Yearly Dividend0.14
Dividend Growth(5Y)-16.09%
DP39.07%
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)0.95%
PT rev (3m)0.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.04%
EPS NY rev (3m)-2.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.31%
Revenue NY rev (3m)-3.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 17.26 | ||
| P/S | 3.38 | ||
| P/FCF | N/A | ||
| P/OCF | 6.18 | ||
| P/B | 0.81 | ||
| P/tB | 8.09 | ||
| EV/EBITDA | 12.18 |
EPS(TTM)0.38
EY12.34%
EPS(NY)0.18
Fwd EY5.79%
FCF(TTM)-1.76
FCFYN/A
OCF(TTM)0.5
OCFY16.18%
SpS0.91
BVpS3.78
TBVpS0.38
PEG (NY)0.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.38% | ||
| ROCE | 3.84% | ||
| ROIC | 3.11% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 7.43% | ||
| OM | 26.5% | ||
| PM (TTM) | 38.86% | ||
| GM | 92.82% | ||
| FCFM | N/A |
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 Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 1035.62% | ||
| Cap/Sales | 247.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.34% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 1.29 |
F-Score6
WACC6.6%
ROIC/WACC0.47
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)98.6%
EPS 3Y-7.42%
EPS 5Y-40.36%
EPS Q2Q%394.43%
EPS Next Y65.52%
EPS Next 2Y10.38%
EPS Next 3Y12.54%
EPS Next 5YN/A
Revenue 1Y (TTM)9.09%
Revenue growth 3Y14.28%
Revenue growth 5Y10.02%
Sales Q2Q%2.9%
Revenue Next Year19.01%
Revenue Next 2Y17.55%
Revenue Next 3Y14.46%
Revenue Next 5Y8.2%
EBIT growth 1Y-5.96%
EBIT growth 3Y12.55%
EBIT growth 5Y17.55%
EBIT Next Year203.63%
EBIT Next 3Y50.51%
EBIT Next 5Y37.68%
FCF growth 1Y-514.43%
FCF growth 3Y-12.35%
FCF growth 5YN/A
OCF growth 1Y324.66%
OCF growth 3Y6.94%
OCF growth 5Y31.62%