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Employees: 733
Size Ascopiave (ASC.MI) is an Italy Utilities company (Gas Distributors) with a market value of $699M, the 95th largest of 123 Italy companies the cockpit tracks. Shares closed at €2.88 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against -12.9% for the median peer and +3.1% for the Italy market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 33.5% over the last twelve months (peer median -1.4%); the operating margin is 25.8% (peer median 6.2%).
Valuation It trades at 15.6× forward earnings against a peer median of 13.0× (3rd most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.1 points below its cost of capital (6.6% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €285M | €244M | €205M | €181M | €164M |
| Revenue growth | — | +19% | +13% | +10% | — |
| Gross profit | €174M | €153M | €129M | €107M | €90.8M |
| EBITDA | €151M | €130M | €105M | €83.7M | €71.2M |
| Net income | €36.3M | €86.8M | €35.8M | €36.1M | €32.7M |
| Free cash flow | €112M | €114M | €98.6M | €3.57M | €98.8M |
| Capital expenditure | €105M | €93.8M | €81.1M | €87.6M | €86.9M |
| Total debt | €675M | €625M | €426M | €448M | €494M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASC.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | -4.8% | 3rd highest of 21 |
| 6-month return | -7.8% | -12.9% | 8th highest of 21 |
| Distance from 52-week high | -27.1% | -30.8% | 9th highest of 21 |
| Revenue growth (TTM) | +33.5% | -1.4% | highest of 21 |
| Operating margin | 25.8% | 6.2% | highest of 21 |
| Forward P/E | 15.6× | 13.0× | 3rd most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | 4.4% | -1.5% | 7th most demanding of 17 |
| Growth delivered (Del g) | +8.3% | +6.6% | 7th highest of 17 |
| Hurdle (Req g minus delivered) | -4.0 pp | -2.0 pp | 8th least demanding of 17 |
| ROIC minus cost of capital | -3.1 pp | -0.2 pp | 4th lowest of 21 |
| EV / EBITDA | 8.5× | 7.6× | 5th most expensive of 11 |
| Net debt / EBITDA | 4.3× | 1.7× | 4th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ascopiave ASC.MI | Italy | $699M | -8% | +34% | 26% | 15.6× | 4.4% | +8.3% |
| Henan Lantian Gas 605368.SS | China | $687M | -18% | -9% | 8% | 10.8× | 0.0% | +2.7% |
| Shenzhen Guangju Energy 000096.SZ | China | $634M | -18% | +4% | 4% | n/a | n/a | n/a |
| Shizuoka Gas 9543.T | Japan | $631M | -5% | 0% | 6% | 11.6× | -9.0% | +10.6% |
| Saibu Gas 9536.T | Japan | $630M | +23% | -6% | 5% | n/a | n/a | n/a |
| Anhui Province Natural Gas Development 603689.SS | China | $601M | -10% | -9% | 9% | 8.5× | 0.6% | +1.4% |
| K&O Energy 1663.T | Japan | $585M | -28% | -1% | 12% | 19.6× | -8.6% | +9.3% |
| Top Resource Energy 300332.SZ | China | $556M | -20% | -3% | 0% | 22.4× | 12.9% | +8.8% |
| Zhongyu Energy 3633.HK | Hong Kong | $896M | -7% | -7% | 6% | n/a | n/a | n/a |
| Delong Composite Energy 000593.SZ | China | $896M | -34% | -24% | 6% | n/a | 31.8% | +3.7% |
| Xinjiang East Universe (Group) Gas 603706.SS | China | $521M | -15% | -14% | 20% | n/a | -11.7% | +10.6% |
| Shandong Shengli 000407.SZ | China | $512M | -20% | 0% | 7% | n/a | -3.1% | -2.0% |
| Tokai 3167.T | Japan | $1.02B | +9% | +1% | 8% | 14.4× | -5.6% | +4.5% |
| Guizhou Gas (Group) 600903.SS | China | $1.02B | -9% | -6% | 4% | n/a | 8.0% | +9.4% |
| Hokkaido Gas 9534.T | Japan | $468M | +3% | +1% | 8% | n/a | -6.6% | +8.1% |
| Sala 2734.T | Japan | $456M | +9% | +3% | 4% | n/a | n/a | n/a |
| Chongqing Gas 600917.SS | China | $1.07B | -12% | -4% | 0% | n/a | 15.0% | +8.6% |
| Chengdu Gas 603053.SS | China | $1.09B | -16% | -1% | 6% | n/a | -10.0% | +5.1% |
| Sichuan Shengda Forestry Industry 002259.SZ | China | $447M | -27% | -1% | 10% | n/a | 16.9% | +0.9% |
| Great Taipei Gas 9908.TW | Taiwan | $435M | -3% | 0% | 14% | n/a | -5.4% | -1.0% |
| Clean Energy Fuels CLNE | United States | $421M | -14% | +4% | -7% | n/a | 17.0% | +8.1% |