1.08%
1.81%
0.72%
10.63%
24.89%
-22.59%
-37.97%
AI Spotlight on ASC
Company Description
Ascopiave S.p.A. distributes and sells natural gas in Italy.The company holds concessions and direct assignments for the supply of the service in 268 municipalities; and provides services to approximately 775,000 users through a distribution network of approximately 13,000 kilometres (km).It is also involved in the electricity distribution; heat management and co-generation activities, as well as offers integrated urban water management services in 15 municipalities that includes 100,000 inhabitants through a network of 880 km in the Province of Bergamo; and renewable energy sector with 28 hydroelectric plants and wind turbines.
The company was founded in 1956 and is headquartered in Pieve di Soligo, Italy.Ascopiave S.p.A. is a subsidiary of Asco Holding S.p.A.
Market Data
| Last Price | 2.81 |
| Change Percentage | 1.08% |
| Open | 2.77 |
| Previous Close | 2.78 |
| Market Cap ( Millions) | 608 |
| Volume | 50799 |
| Year High | 2.96 |
| Year Low | 2.15 |
| M A 50 | 2.74 |
| M A 200 | 2.6 |
Financial Ratios
| FCF Yield | 5.91% |
| Dividend Yield | 4.98% |
| ROE | 5.82% |
| Debt / Equity | 50.80% |
| Net Debt / EBIDTA | 343.89% |
| Price To Book | 0.73 |
| Price Earnings Ratio | 12.46 |
| Price To FCF | 16.93 |
| Price To sales | 3.01 |
| EV / EBITDA | 8.55 |
News
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Gas Distribution
Expected Growth : 2.5 %
What the company do ?
Gas Distribution from Ascopiave S.p.A. is a natural gas distribution company that supplies gas to residential, commercial, and industrial customers in Italy.
Why we expect these perspectives ?
The 2.5% growth in Gas Distribution from Ascopiave S.p.A. is driven by increasing demand for clean energy, government incentives for gas infrastructure development, and strategic expansion into new regions. Additionally, investments in grid modernization and digitalization are improving operational efficiency, further supporting growth.
Segment n°2 -> Renewable Energies
Expected Growth : 4.0 %
What the company do ?
Renewable Energies from Ascopiave S.p.A. is an Italian company that produces electricity from renewable sources, mainly hydroelectric power plants.
Why we expect these perspectives ?
Ascopiave S.p.A.'s 4.0 growth in Renewable Energies is driven by increasing demand for clean energy, favorable government policies and incentives, declining technology costs, and rising environmental concerns. Additionally, the company's strategic partnerships, investments in R&D, and expansion into new markets have contributed to its growth momentum.
Segment n°3 -> Values from New Acquisitions
Expected Growth : 1.5 %
What the company do ?
Values from New Acquisitions from Ascopiave S.p.A. refer to the financial gains or profits generated from newly acquired assets, investments, or businesses by Ascopiave S.p.A.
Why we expect these perspectives ?
The 1.5 growth driven by New Acquisitions from Ascopiave S.p.A. is attributed to strategic expansion into new markets, increased market share, and enhanced product offerings. Additionally, operational efficiencies, cost savings, and synergies from the acquisition have contributed to the growth.
Segment n°4 -> Other
Expected Growth : 1.0 %
What the company do ?
Ascopiave S.p.A.'s Other segment includes non-energy businesses, such as telecommunications, real estate, and other minor activities.
Why we expect these perspectives ?
Ascopiave S.p.A.'s 1.0 growth in 'Other' segment is driven by increasing demand for renewable energy solutions, expansion into new geographic markets, and strategic partnerships. Additionally, investments in digitalization and process optimization have improved operational efficiency, contributing to the segment's growth.
Ascopiave S.P.A. Products
| Product Range | What is it ? |
|---|---|
| Electricity | Ascopiave S.p.A. generates and distributes electricity to households, businesses, and industries in the Veneto region of Italy. |
| Natural Gas | Ascopiave S.p.A. supplies natural gas to customers in the Veneto region, providing a clean and efficient source of energy. |
| District Heating | Ascopiave S.p.A. offers district heating services, providing thermal energy to urban areas through a network of insulated pipes. |
| Renewable Energy | Ascopiave S.p.A. invests in renewable energy sources, such as wind, solar, and hydroelectric power, to reduce carbon emissions and promote sustainability. |
| Energy Efficiency | Ascopiave S.p.A. provides energy efficiency solutions, including energy audits, energy management, and energy-saving technologies. |
| Energy Storage | Ascopiave S.p.A. offers energy storage solutions, enabling customers to store excess energy for later use, reducing energy waste and peak demand. |
Ascopiave S.p.A.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Ascopiave S.p.A. is medium due to the presence of alternative energy sources such as solar and wind power.
Bargaining Power Of Customers
The bargaining power of customers for Ascopiave S.p.A. is low due to the company's strong market position and limited customer concentration.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Ascopiave S.p.A. is medium due to the presence of multiple suppliers and moderate switching costs.
Threat Of New Entrants
The threat of new entrants for Ascopiave S.p.A. is high due to the relatively low barriers to entry and the attractiveness of the energy market.
Intensity Of Rivalry
The intensity of rivalry for Ascopiave S.p.A. is high due to the presence of multiple competitors and the high stakes in the energy market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 34.26% |
| Debt Cost | 3.95% |
| Equity Weight | 65.74% |
| Equity Cost | 8.18% |
| WACC | 6.73% |
| Leverage | 52.12% |
Ascopiave S.p.A. : Quality Control
Ascopiave S.p.A. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SPH | Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil … |
| RENE.LS | REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. It operates in two segments, Electricity and Gas; and … |
| TEP.L | Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well … |
| IG.MI | Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas through local pipeline networks from the delivery … |
| UNT.WA | Unimot S.A., an independent fuel importer, engages in the wholesale and distribution of fuels in Poland. The company distributes diesel oil, biofuels, liquefied petroleum gas, natural gas, liquefied natural gas … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Unimot
A-Score
1-Year Total Return ->
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REN
A-Score
1-Year Total Return ->
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Italgas
A-Score
1-Year Total Return ->
4
Telecom Plus
A-Score
1-Year Total Return ->
5
Ascopiave
A-Score
1-Year Total Return ->
6
