Acinque SpA
MIL:AC5
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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 3-Year Average (4.4), the stock would be worth €-0.17 (108% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -56.2 | €2.14 |
0%
|
| 3-Year Average | 4.4 | €-0.17 |
-108%
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| 5-Year Average | 7.2 | €-0.27 |
-113%
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| Industry Average | 21.9 | €-0.84 |
-139%
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| Country Average | 19.4 | €-0.74 |
-135%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| IT |
|
Acinque SpA
MIL:AC5
|
420.3m EUR | -56.2 | 20 | |
| US |
|
Atmos Energy Corp
NYSE:ATO
|
31.2B USD | -56.6 | 25 | |
| 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
|
13.8B AUD | -71.4 | 85.2 |
Market Distribution
| Min | 0.9 |
| 30th Percentile | 11.9 |
| Median | 19.4 |
| 70th Percentile | 28.4 |
| Max | 10 354.4 |
Other Multiples
Acinque SpA
Glance View
Acinque SpA engages in energy distribution, public utility management, and environmental development. The company is headquartered in Como, Como. The firm is active in the distribution and sale of gas; distribution and sale of water; management of the sewerage system; generation and management of electric energy and heat; sale of compressed natural gas (CNG) for motor vehicles, and collection, transport and disposal of waste. As of December 31, 2011, the Company generated energy and heat through two cogeneration plants. The company operates in the municipalities of Como and Monza, as well as in other towns of Italian regions of Lombardy, Veneto and Friuli. As of December 31, 2011, the Company had a number of subsidiaries, including Comocalor SpA, Enerxenia SpA, EnerCalor Srl, ACSM-AGAM Reti Gas-Acqua Srl and Serenissima Gas SpA.