BIT:ACS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Risks

  • Acsm-Agam is not covered by any analysts.

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


Market Performance


7 Day Return

-1.9%

BIT:ACS

-0.2%

IT Gas Utilities

0.7%

IT Market


1 Year Return

-28.3%

BIT:ACS

21.8%

IT Gas Utilities

-6.6%

IT Market

ACS underperformed the Gas Utilities industry which returned 10.8% over the past year.

ACS underperformed the Market in Italy which returned -6.6% over the past year.


Share holder returns

ACSIndustryMarket
7 Day-1.9%-0.2%0.7%
30 Day3.8%2.5%-2.4%
90 Day-5.6%8.9%-2.5%
1 Year-26.8%-28.3%27.7%21.8%-2.3%-6.6%
3 Year18.2%12.8%64.0%38.9%28.2%9.2%
5 Year62.5%47.1%124.5%69.0%4.4%-19.1%

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 based on future cash flows and its price relative to the stock market?

17.64x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Acsm-Agam to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Acsm-Agam to establish if it is available at substantial discount.


Price Based on Earnings

Acsm-Agam is good value based on earnings compared to the Europe Gas Utilities industry average.

Acsm-Agam is overvalued based on earnings compared to the Italy market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Acsm-Agam, we can't assess if its growth is good value.


Price Based on Value of Assets

Acsm-Agam is good value based on assets compared to the Europe Gas Utilities industry average.


Next Steps

  • Explore potentially undervalued companies in the utilities industry.

Future Growth

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

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Acsm-Agam is high growth as no revenue estimate data is available.

Acsm-Agam's earnings are expected to grow by 17.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare Acsm-Agam's revenue growth to the Italy market average as no estimate data is available.

Acsm-Agam's earnings growth is expected to exceed the Italy market average.

Acsm-Agam's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Acsm-Agam will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

11.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Acsm-Agam's year on year earnings growth rate has been positive over the past 5 years.

Acsm-Agam's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Acsm-Agam's 1-year earnings growth is negative, it can't be compared to the Europe Gas Utilities industry average.


Return on Equity

Acsm-Agam has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Acsm-Agam used its assets less efficiently than the Europe Gas Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Acsm-Agam's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Acsm-Agam's financial position?


Financial Position Analysis

Acsm-Agam is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Acsm-Agam's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Acsm-Agam's level of debt (16.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (71.4% vs 16.7% today).

Debt is not well covered by operating cash flow (6.3%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.1x debt.


Next Steps

Dividend

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

3.97%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Acsm-Agam before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Acsm-Agam's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.16%).

Acsm-Agam's dividend is below the markets top 25% of dividend payers in Italy (4.55%).

Acsm-Agam has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Acsm-Agam only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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


CEO

Paolo Soldani

€222,000

Compensation

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


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Nicola Colicchio

    Legal Manager

  • Ambrogio Brambilla

    Human Resources Manager

  • Andrea Bighelli

    Chief Technical Officer

  • Pietro Perini

    Operations Officer

  • Paolo Soldani

    CEO & Director

    • Compensation: €222.00k
  • Marco Gandini

    Financial Reporting Officer


Board Members

  • Maria Benigni

    Director

  • Paolo Busnelli

    Chairman of the Board

  • Paola Tanzi

    Director

  • Marco Rezzonico

    Vice Chairman of the Board

  • Paolo Soldani

    CEO & Director

    • Compensation: €222.00k
  • Marco Canzi

    Vice Chairman of the Board

  • Annamaria Arcudi

    Director

  • Lucia Milani

    Chairman of the Board of Statutory Auditors

    • Tenure: 0.4yrs
  • Andrea Crenna

    Director

  • Chiara Cogliati

    Director

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: €135.233m
  • Shares outstanding: 76.62m
  • Website: Click here

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACSBIT (Borsa Italiana)YesCommon StockITEURJan 1970
ACSMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1970

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 ther ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/15 20:47
End of Day Share Price2019/06/14 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.