Ascopiave SpA
DUS:AVA
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its Industry Average (21.9), the stock would be worth €-28.34 (930% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -2.6 | €3.42 |
0%
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| Industry Average | 21.9 | €-28.34 |
-930%
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| Country Average | 19.4 | €-25.07 |
-834%
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Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| IT |
|
Ascopiave SpA
DUS:AVA
|
752.1m EUR | -2.6 | 8.7 | |
| US |
|
Atmos Energy Corp
NYSE:ATO
|
31.4B USD | -56.5 | 24.9 | |
| ES |
|
Naturgy Energy Group SA
MAD:NTGY
|
24.8B EUR | 20.4 | 12.3 | |
| IT |
|
Snam SpA
MIL:SRG
|
22.6B EUR | 26.9 | 17.8 | |
| HK |
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Hong Kong and China Gas Co Ltd
HKEX:3
|
134.9B HKD | 28 | 23.7 | |
| JP |
T
|
Tokyo Gas Co Ltd
TSE:9531
|
2.5T JPY | 32.9 | 10.8 | |
| JP |
|
Osaka Gas Co Ltd
TSE:9532
|
2.2T JPY | 41.4 | 12 | |
| IT |
|
Italgas SpA
MIL:IG
|
10.5B EUR | 7.3 | 15.6 | |
| CA |
|
AltaGas Ltd
TSX:ALA
|
15.8B CAD | -30 | 21.8 | |
| IN |
|
GAIL (India) Ltd
NSE:GAIL
|
1.1T INR | 23.1 | 12.4 | |
| AU |
|
APA Group
ASX:APA
|
13.6B AUD | -71.2 | 85.1 |
Market Distribution
| Min | 0.9 |
| 30th Percentile | 11.9 |
| Median | 19.4 |
| 70th Percentile | 28.4 |
| Max | 10 354.4 |
Other Multiples
Ascopiave SpA
Glance View
Ascopiave SpA engages in the natural gas distribution sector. The company is headquartered in Pieve Di Soligo, Treviso. The company went IPO on 2006-12-12. The firm is primarily active in the distribution and sale of natural gas. Ascopiave SpA is also involved in the sale of electric power, heat management, co-generation and generation of electricity from photovoltaic plants. The firm holds concessions and direct contracts for the management of gas distribution services and it operated of distribution network. The firm operates through numerous direct subsidiaries, including Ascotrade Spa, Edigas Esercizio Distribuzione Gas SpA, Blue Meta SpA, AscoEnergy Srl, Amgas Blu Srl, Pasubio Servizi Srl, Sinergie Italiane Srl, ASM DG Srl, Edigas Due Srl and Etraenergia Srl, among others. On February 10, 2014, Ascopiave SpA acquired a 49% stake in Veritas Energia Srl; as a result of the transaction the Company holds 100% in Veritas Energia Srl. The firm is also active in the integrated water services.
