Ascopiave SpA
MIL:ASC

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Ascopiave SpA Logo
Ascopiave SpA
MIL:ASC
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Price: 3.43 EUR 1.48%
Market Cap: €742.4m

P/B

0.8
Current
15%
More Expensive
vs 3-y average of 0.7

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.8
=
Market Cap
€780.3m
/
Total Equity
€912.4m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.8
=
Market Cap
€780.3m
/
Total Equity
€912.4m

Valuation Scenarios

Ascopiave SpA is trading above its 3-year average

If P/B returns to its 3-Year Average (0.7), the stock would be worth €2.98 (13% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-13%
Maximum Upside
+152%
Average Upside
64%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.8 €3.43
0%
3-Year Average 0.7 €2.98
-13%
5-Year Average 0.7 €3.09
-10%
Industry Average 2 €8.64
+152%
Country Average 1.8 €7.77
+126%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

Market Distribution

Lower than 90% of companies in Italy
Percentile
10th
Based on 911 companies
10th percentile
0.8
Low
0.3 — 1.3
Typical Range
1.3 — 2.7
High
2.7 —
Distribution Statistics
Italy
Min 0.3
30th Percentile 1.3
Median 1.8
70th Percentile 2.7
Max 362.8

Ascopiave SpA
Glance View

Market Cap
742.4m EUR
Industry
Utilities

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.

ASC Intrinsic Value
3.88 EUR
Undervaluation 11%
Intrinsic Value
Price €3.43
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