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ASC

Ascencio ENXTBR:ASC Stock Report

Last Price

€52.90

Market Cap

€348.9m

7D

-0.4%

1Y

5.8%

Updated

09 Aug, 2022

Data

Company Financials
ASC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends6/6

ASC Stock Overview

Ascencio is based in Gosselies, Belgium.

Ascencio Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ascencio
Historical stock prices
Current Share Price€52.90
52 Week High€56.50
52 Week Low€44.65
Beta0.60
1 Month Change-1.31%
3 Month Change2.72%
1 Year Change5.80%
3 Year Change-6.54%
5 Year Change-13.98%
Change since IPO-5.11%

Recent News & Updates

Shareholder Returns

ASCBE REITsBE Market
7D-0.4%0.9%2.2%
1Y5.8%-12.3%-7.6%

Return vs Industry: ASC exceeded the Belgian REITs industry which returned -12.6% over the past year.

Return vs Market: ASC exceeded the Belgian Market which returned -7% over the past year.

Price Volatility

Is ASC's price volatile compared to industry and market?
ASC volatility
ASC Average Weekly Movement2.4%
REITs Industry Average Movement3.8%
Market Average Movement4.6%
10% most volatile stocks in BE Market8.8%
10% least volatile stocks in BE Market2.7%

Stable Share Price: ASC is less volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ASC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a18Vincent Quertonhttps://www.ascencio.be

Ascencio is based in Gosselies, Belgium.

Ascencio Fundamentals Summary

How do Ascencio's earnings and revenue compare to its market cap?
ASC fundamental statistics
Market Cap€348.93m
Earnings (TTM)€70.50m
Revenue (TTM)€53.65m

4.9x

P/E Ratio

6.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASC income statement (TTM)
Revenue€53.65m
Cost of Revenue€10.38m
Gross Profit€43.28m
Other Expenses-€27.22m
Earnings€70.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)10.69
Gross Margin80.66%
Net Profit Margin131.39%
Debt/Equity Ratio88.0%

How did ASC perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

65%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ASC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASC?

Other financial metrics that can be useful for relative valuation.

ASC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.9x
Enterprise Value/EBITDA17.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASC's PE Ratio compare to its peers?

ASC PE Ratio vs Peers
The above table shows the PE ratio for ASC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.8x
WEHB Wereldhave Belgium
7.5xn/a€447.6m
RET Retail Estates
6.9xn/a€910.0m
VASTB Vastned Belgium
12.8xn/a€162.5m
HOMI Home Invest Belgium
7.8xn/a€380.9m
ASC Ascencio
4.9xn/a€348.9m

Price-To-Earnings vs Peers: ASC is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (8.8x).


Price to Earnings Ratio vs Industry

How does ASC's PE Ratio compare vs other companies in the European REITs Industry?

Price-To-Earnings vs Industry: ASC is good value based on its Price-To-Earnings Ratio (4.9x) compared to the Belgian REITs industry average (7.6x)


Price to Earnings Ratio vs Fair Ratio

What is ASC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ASC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASC (€52.9) is trading below our estimate of fair value (€133.33)

Significantly Below Fair Value: ASC is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Ascencio forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.8%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ascencio has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Ascencio is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Ascencio competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ascencio performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASC has a large one-off gain of €39.1M impacting its March 31 2022 financial results.

Growing Profit Margin: ASC's current net profit margins are higher than last year (42.9%).


Past Earnings Growth Analysis

Earnings Trend: ASC's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: ASC's earnings growth over the past year (206.4%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: ASC earnings growth over the past year (206.4%) exceeded the REITs industry 123.9%.


Return on Equity

High ROE: ASC's Return on Equity (18.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Ascencio's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASC's short term assets (€13.6M) do not cover its short term liabilities (€92.9M).

Long Term Liabilities: ASC's short term assets (€13.6M) do not cover its long term liabilities (€268.1M).


Debt to Equity History and Analysis

Debt Level: ASC's net debt to equity ratio (86.8%) is considered high.

Reducing Debt: ASC's debt to equity ratio has increased from 82.4% to 88% over the past 5 years.

Debt Coverage: ASC's debt is not well covered by operating cash flow (11%).

Interest Coverage: ASC's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


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Dividend

What is Ascencio current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASC's dividend (6.99%) is higher than the bottom 25% of dividend payers in the Belgian market (1.95%).

High Dividend: ASC's dividend (6.99%) is in the top 25% of dividend payers in the Belgian market (5.7%)


Stability and Growth of Payments

Stable Dividend: ASC's dividends per share have been stable in the past 10 years.

Growing Dividend: ASC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.6%), ASC's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (64.8%), ASC's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Vincent Querton

4.83yrs

Tenure

€277,000

Compensation

Mr. Vincent H. Querton has been Chief Executive Officer and Director of Ascencio SCA since October, 2017 and serves as its Managing Director. Mr. Querton serves as Managing Director and International Direc...


CEO Compensation Analysis

Compensation vs Market: Vincent's total compensation ($USD283.32K) is below average for companies of similar size in the Belgian market ($USD653.93K).

Compensation vs Earnings: Vincent's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASC's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: ASC's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ascencio SCA's employee growth, exchange listings and data sources


Key Information

  • Name: Ascencio SCA
  • Ticker: ASC
  • Exchange: ENXTBR
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: €348.928m
  • Shares outstanding: 6.60m
  • Website: https://www.ascencio.be

Number of Employees


Location

  • Ascencio SCA
  • Building H
  • Avenue Jean Mermoz 1
  • Charleroi
  • Hainaut
  • 6041
  • Belgium

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.