Ascopiave SpA
MIL:ASC

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

P/S

3.2
Current
6%
More Expensive
vs 3-y average of 3

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.2
=
Market Cap
€780.3m
/
Revenue
€233.4m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.2
=
Market Cap
€780.3m
/
Revenue
€233.4m

Valuation Scenarios

Ascopiave SpA is trading above its 3-year average

If P/S returns to its 3-Year Average (3), the stock would be worth €3.23 (6% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-74%
Maximum Upside
No Upside Scenarios
Average Downside
35%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 3.2 €3.43
0%
3-Year Average 3 €3.23
-6%
5-Year Average 3.2 €3.4
-1%
Industry Average 0.8 €0.9
-74%
Country Average 1.2 €1.34
-61%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€780.3m
/
Jan 2026
€233.4m
=
3.2
Current
€780.3m
/
Dec 2026
€274m
=
2.8
Forward
€780.3m
/
Dec 2027
€292.2m
=
2.7
Forward
€780.3m
/
Dec 2028
€307.4m
=
2.5
Forward
€780.3m
/
Dec 2029
€303.3m
=
2.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IT
Ascopiave SpA
MIL:ASC
742.4m EUR 3.2 8.5
US
Atmos Energy Corp
NYSE:ATO
30.7B USD 6.3 24.6
ES
Naturgy Energy Group SA
MAD:NTGY
25.4B EUR 1.3 12.8
IT
Snam SpA
MIL:SRG
22.4B EUR 5.8 17.7
HK
Hong Kong and China Gas Co Ltd
HKEX:3
135.8B HKD 2.5 23.9
JP
Tokyo Gas Co Ltd
TSE:9531
2.4T JPY 0.8 11.6
JP
Osaka Gas Co Ltd
TSE:9532
2.3T JPY 1.1 12.5
IT
Italgas SpA
MIL:IG
10.4B EUR 3 15.7
IN
GAIL (India) Ltd
NSE:GAIL
1.1T INR 0.8 12.6
CA
AltaGas Ltd
TSX:ALA
15.5B CAD 1.2 20.8
AU
APA Group
ASX:APA
13.3B AUD 4.2 82.3
P/E Multiple
Earnings Growth PEG
IT
Ascopiave SpA
MIL:ASC
Average P/E: 22.1
8.5
-16%
N/A
US
Atmos Energy Corp
NYSE:ATO
24.6
10%
2.5
ES
Naturgy Energy Group SA
MAD:NTGY
12.8
-1%
N/A
IT
Snam SpA
MIL:SRG
17.7
7%
2.5
HK
Hong Kong and China Gas Co Ltd
HKEX:3
23.9
5%
4.8
JP
T
Tokyo Gas Co Ltd
TSE:9531
11.6
27%
0.4
JP
Osaka Gas Co Ltd
TSE:9532
12.5
6%
2.1
IT
Italgas SpA
MIL:IG
15.7
11%
1.4
IN
GAIL (India) Ltd
NSE:GAIL
12.6
-6%
N/A
CA
AltaGas Ltd
TSX:ALA
20.8
8%
2.6
AU
APA Group
ASX:APA
82.3
53%
1.6

Market Distribution

Higher than 83% of companies in Italy
Percentile
83nd
Based on 922 companies
83nd percentile
3.2
Low
0.1 — 0.7
Typical Range
0.7 — 2.1
High
2.1 —
Distribution Statistics
Italy
Min 0.1
30th Percentile 0.7
Median 1.2
70th Percentile 2.1
Max 55 240

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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