ENXTBR:ASC

Stock Analysis Report

Executive Summary

Ascencio is based in Gosselies, Belgium.

Snowflake

Fundamentals

6 star dividend payer and undervalued.

Share Price & News

How has Ascencio's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.1%

ASC

0.2%

BE REITs

0.2%

BE Market


1 Year Return

18.9%

ASC

28.0%

BE REITs

7.5%

BE Market

Return vs Industry: ASC underperformed the Belgian REITs industry which returned 28% over the past year.

Return vs Market: ASC exceeded the Belgian Market which returned 7.5% over the past year.


Shareholder returns

ASCIndustryMarket
7 Day2.1%0.2%0.2%
30 Day-0.7%0.7%-0.5%
90 Day1.4%7.2%2.3%
1 Year24.6%18.9%34.0%28.0%10.0%7.5%
3 Year0.4%-11.3%46.1%27.3%-5.7%-12.3%
5 Year27.4%6.3%93.4%55.4%26.9%11.3%

Price Volatility Vs. Market

How volatile is Ascencio's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ascencio undervalued compared to its fair value and its price relative to the market?

45.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ASC (€57.2) is trading below our estimate of fair value (€104.55)

Significantly Undervalued: ASC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASC is good value based on its PE Ratio (14.6x) compared to the REITs industry average (15.5x).

PE vs Market: ASC is good value based on its PE Ratio (14.6x) compared to the Belgian market (16.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate ASC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASC is good value based on its PB Ratio (1.1x) compared to the BE REITs industry average (1.4x).


Next Steps

Future Growth

How is Ascencio forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-3.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ASC's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if ASC's earnings are forecast to grow faster than the Belgian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASC's revenue is expected to decline over the next 3 years (-3.6% per year).

High Growth Revenue: ASC's revenue is forecast to decline over the next 3 years (-3.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ASC's Return on Equity is forecast to be low in 3 years time (7.3%).


Next Steps

Past Performance

How has Ascencio performed over the past 5 years?

9.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ASC's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: ASC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASC had negative earnings growth (-17.8%) over the past year, making it difficult to compare to the REITs industry average (37.8%).


Return on Equity

High ROE: ASC's Return on Equity (7.2%) is considered low.


Return on Assets

ROA vs Industry: ASC's Return on Assets is below or equal to the REITs industry average last year.


Return on Capital Employed

ROCE Improving: ASC has not improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Ascencio's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ASC has a high level of physical assets or inventory.

Debt Coverage by Assets: ASC's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

Asset Level: ASC's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ASC has a sufficient allowance for bad loans.

Low Risk Liabilities: ASC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ASC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ASC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ASC has an appropriate level of bad loans.


Next Steps

  • Explore more healthy companies in the Real Estate industry.

Dividend

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

5.94%

Current Dividend Yield


Dividend Yield vs Market

company5.9%marketbottom25%2.1%markettop25%4.5%industryaverage3.9%forecastin3Years6.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ASC's dividend (5.94%) is higher than the bottom 25% of dividend payers in the Belgian market (2.13%).

High Dividend: ASC's dividend (5.94%) is in the top 25% of dividend payers in the Belgian market (4.49%)

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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.1%), ASC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASC's dividends in 3 years are forecast to be covered by earnings (85.3% payout ratio).


Next Steps

Management

What is the CEO of Ascencio's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Vincent Querton 0

1.9yrs

Tenure

0

Mr. Vincent H. Querton has been Chief Executive Officer and Director of Ascencio SCA since November 03, 2017. Mr. Querton serves as Managing Director and International Director of Jones Lang Lasalle Gmbh ( ...


Management Age and Tenure

1.9yrs

Average Tenure

Experienced Management: ASC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

2.1yrs

Average Tenure

Experienced Board: ASC's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Michèle Delvaux

    Chief Financial Officer

    • Tenure: 7.8yrs
  • Vincent Querton

    CEO & Director

    • Tenure: 1.9yrs
  • Stéphanie Broecke

    Secretary General & General Counsel

    • Tenure: 1.9yrs

Board Members

  • Carl Mestdagh

    Chairman

    • Tenure: 8.3yrs
    • Compensation: €31.00k
  • Serge Fautré (59yo)

    Non-Executive Member of the Board of Directors

    • Tenure: 7.4yrs
    • Compensation: €23.00k
  • Vincent Querton

    CEO & Director

    • Tenure: 1.9yrs
  • Yves Klein

    Non-Executive & Independent Director

    • Tenure: 10.3yrs
    • Compensation: €19.00k
  • Olivier Beguin

    Non-Executive Director

    • Tenure: 1.6yrs
  • Patrick Tacq

    Non-Executive & Independent Director

    • Tenure: 2.3yrs
    • Compensation: €4.67k
  • Laurence Deklerck

    Non-Executive Independent Director

    • Tenure: 4.8yrs
    • Compensation: €24.00k
  • Stéphanie Boniface

    Independent Non-Executive Director

    • Tenure: 1.6yrs
  • Alexandra Leunen

    Independent Non-Executive Director

    • Tenure: 1.6yrs
  • Amand-Benoît D’Hondt

    Non-Executive Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Ascencio SCA
  • Ticker: ASC
  • Exchange: ENXTBR
  • Founded:
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: €377.290m
  • Shares outstanding: 6.60m
  • Website: https://www.ascencio.be

Number of Employees


Location

  • Ascencio SCA
  • Avenue Jean Mermoz 1
  • Bâtiment H Boîte 4
  • Gosselies
  • Hainaut
  • 6041
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASCENXTBR (Euronext Brussels)YesOrdinary SharesBEEURFeb 2007
0P2JLSE (London Stock Exchange)YesOrdinary SharesGBEURFeb 2007
ASCBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURFeb 2007

Biography

Ascencio is based in Gosselies, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:57
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.