Executive Summary
Acsm-Agam S.p.A. operates as a multi-utility company in Italy.
Rewards
Risk Analysis
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
| ACS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 0.5% | 1.7% |
| 30 Day | -2.4% | 3.1% | 2.2% |
| 90 Day | -26.0% | -22.5% | -25.3% |
| 1 Year | 19.4%14.8% | -21.9%-25.7% | -15.2%-17.3% |
| 3 Year | 3.1%-2.9% | -3.2%-16.0% | -14.9%-22.5% |
| 5 Year | 63.8%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
2 weeks ago | Simply Wall St
Is Acsm-Agam S.p.A.'s (BIT:ACS) 3.9% Dividend Sustainable?1 month ago | Simply Wall St
Why Acsm-Agam S.p.A.’s (BIT:ACS) Return On Capital Employed Might Be A Concern1 month ago | Simply Wall St
Acsm-Agam (BIT:ACS) Takes On Some Risk With Its Use Of DebtValuation
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
- Check out Acsm-Agam's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Acsm-Agam competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACS | BIT (Borsa Italiana) | Yes | Common Stock | IT | EUR | Oct 1999 |
| 0O2I | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Oct 1999 |
| ACSM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/24 21:20 |
| End of Day Share Price | 2020/05/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.