BIT:ACS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Acsm-Agam S.p.A. operates as a multi-utility company in Italy.


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has Acsm-Agam's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.5%

ACS

0.5%

IT Gas Utilities

1.7%

IT Market


1 Year Return

14.8%

ACS

-25.7%

IT Gas Utilities

-17.3%

IT Market

Return vs Industry: ACS exceeded the Italian Gas Utilities industry which returned -25.7% over the past year.

Return vs Market: ACS exceeded the Italian Market which returned -17.3% over the past year.


Shareholder returns

ACSIndustryMarket
7 Day0.5%0.5%1.7%
30 Day-2.4%3.1%2.2%
90 Day-26.0%-22.5%-25.3%
1 Year19.4%14.8%-21.9%-25.7%-15.2%-17.3%
3 Year3.1%-2.9%-3.2%-16.0%-14.9%-22.5%
5 Year63.8%46.2%11.4%-16.7%-20.2%-39.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Acsm-Agam undervalued compared to its fair value and its price relative to the market?

20.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ACS (€2.02) is trading above our estimate of fair value (€1)

Significantly Below Fair Value: ACS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ACS is poor value based on its PE Ratio (20.7x) compared to the Gas Utilities industry average (15.6x).

PE vs Market: ACS is poor value based on its PE Ratio (20.7x) compared to the Italian market (14.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ACS is good value based on its PB Ratio (0.8x) compared to the XE Gas Utilities industry average (1.4x).


Next Steps

Future Growth

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

3.8%

Forecasted Utilities 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 Acsm-Agam 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.


Next Steps

Past Performance

How has Acsm-Agam performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACS has high quality earnings.

Growing Profit Margin: ACS's current net profit margins (4.9%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: ACS's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: ACS's earnings growth over the past year (100.3%) exceeds its 5-year average (7.7% per year).

Earnings vs Industry: ACS earnings growth over the past year (100.3%) exceeded the Gas Utilities industry -1.1%.


Return on Equity

High ROE: ACS's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is Acsm-Agam's financial position?


Financial Position Analysis

Short Term Liabilities: ACS's short term assets (€241.3M) exceed its short term liabilities (€217.1M).

Long Term Liabilities: ACS's short term assets (€241.3M) exceed its long term liabilities (€164.6M).


Debt to Equity History and Analysis

Debt Level: ACS's debt to equity ratio (25%) is considered satisfactory.

Reducing Debt: ACS's debt to equity ratio has reduced from 68.2% to 25% over the past 5 years.

Debt Coverage: ACS's debt is not well covered by operating cash flow (6.4%).

Interest Coverage: ACS's interest payments on its debt are well covered by EBIT (176.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Acsm-Agam's current dividend yield, its reliability and sustainability?

3.96%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ACS's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Italian market (2%).

High Dividend: ACS's dividend (3.96%) is low compared to the top 25% of dividend payers in the Italian market (5.54%).


Stability and Growth of Payments

Stable Dividend: ACS's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.8%), ACS's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

€222k

CEO Compensation


CEO

Paolo Soldani

no data

Tenure

€222,000

Compensation

Mr. Paolo Soldani serves as the Chief Executive Officer and Director of Acsm-Agam S.p.A. 


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

Acsm-Agam S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acsm-Agam S.p.A.
  • Ticker: ACS
  • Exchange: BIT
  • Founded: 1961
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: €398.634m
  • Shares outstanding: 197.34m
  • Website: https://www.acsm-agam.it

Location

  • Acsm-Agam S.p.A.
  • Via P.Stazzi 2
  • Como
  • 22100
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACSBIT (Borsa Italiana)YesCommon StockITEUROct 1999
0O2ILSE (London Stock Exchange)YesCommon StockGBEUROct 1999
ACSMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 1999

Biography

Acsm-Agam S.p.A. operates as a multi-utility company in Italy. The company distributes and sells gas through pipelines; produces and sells electricity through cogeneration plants, as well as through a thermal source; and provides energy services for the methane conversion in heating systems of condominiums. It also manages a network of drinking water supply; and provides district heating services. The company primarily serves households and businesses in the areas of Como, Brunate, Monza, and Cernobbio. Acsm-Agam S.p.A. was founded in 1961 is headquartered in Como, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/24 21:20
End of Day Share Price2020/05/22 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.