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
| ACS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -0.2% | 0.7% |
| 30 Day | 3.8% | 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 Year | 18.2%12.8% | 64.0%38.9% | 28.2%9.2% |
| 5 Year | 62.5%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
4 months ago | Simply Wall St
Shareholders Should Look Hard At Acsm-Agam S.p.A.’s (BIT:ACS) 2.4% Return On Capital8 months ago | Simply Wall St
What Should Investors Know About Acsm-Agam SpA's (BIT:ACS) Return On Capital?10 months ago | Simply Wall St
What does Acsm-Agam SpA's (BIT:ACS) Balance Sheet Tell Us About Its Future?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
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACS | BIT (Borsa Italiana) | Yes | Common Stock | IT | EUR | Jan 1970 |
| ACSM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/06/15 20:47 |
| End of Day Share Price | 2019/06/14 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.