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  3. •

    Regulated Gas
Ascopiave S.p.A.

Ascopiave S.p.A.

ASC.MI
Ascopiave S.p.A.IT flagItalian Stock Exchange
3.05
EUR
+0.04
- -
660.14MMarket Cap
Ascopiave S.p.A.
ASC.MI
(Italian Stock Exchange)

Recent

price

3.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.57
4.69
4.64
3.25
2.63
2.62
2.24
2.4
0.52
0.56
0.76
0.62
0.76
0.83
0.95
1.13
1.2
Revenue per Share
0.14
0.03
0.12
0.17
0.16
0.19
0.24
0.21
0.2
2.21
0.27
0.21
0.15
0.17
0.17
0.4
0.39
Basic EPS, GAAP
0.01
-0.18
0.1
0.23
0.16
0.21
0.21
0.12
0.17
-0.08
0.14
0.14
0.05
-0.38
0.09
0.09
0.22
Free Cash Flow per Basic Share
0.09
0.1
0.01
0.11
0.13
0.15
0.15
0.18
0.18
0.34
0.16
0.16
0.16
0.13
0.14
0.15
- -
Dividend per Share
1.57
1.03
1.01
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.08
1.29
1.23
1.25
1.25
1.48
1.12
Book Value per Share
-0.13
-0.41
-0.01
0.07
0.07
0.1
0.21
0.1
0.07
1.16
1.05
1.02
0.58
0.41
0.33
-1.87
-1.84
Tangible Book Value per Share
240
234
232
222
222
222
222
222
223
223
217
217
217
217
216
216
216
Basic Weighted Avg Shares
856
1,099
1,078
722
585
582
498
533
115
125
164
135
164
181
205
244
260
Sales/Revenue/Turnover
6.51
6.25
7.19
9.24
9.46
10.14
14.82
11.61
17.97
18.14
18.85
26.21
20.65
26.28
26.04
38.64
35.89
Operating Margin (%)
17
20
21
18
20
20
20
23
21
23
33
33
46
48
52
62
69
Depreciation Expense
33
6
28
39
36
43
54
47
45
493
59
45
33
36
36
87
85
Net Income, GAAP
39.46
81.64
53.54
39.6
32.77
28.99
28.23
26.35
31.37
31.4
- -
17.98
18.43
12.02
26.01
15.67
16.01
Effective Tax Rate (%)
3.84
0.57
2.59
5.35
6.08
7.4
10.78
8.85
38.69
394.85
35.82
33.6
19.96
20.01
17.48
35.55
32.66
Profit Margin (%)
-38
-57
-52
-17
-9
-13
5
1
-4
-63
-115
-155
-152
-61
136
-66
-87
Working Capital
6
45
27
64
53
44
35
55
55
136
197
192
280
298
315
551
554
LT Debt
379
363
389
403
410
420
444
450
448
873
854
869
886
854
858
912
919
Total Equity
6.93
2.3
6.23
7.28
6.32
7.04
9.58
8
2.31
1.73
- -
2.33
2.11
3.15
3.05
5.61
5.4
Return on Invested Capital (%)
8.3
1
6.09
9.16
8.12
9.66
14.07
12.72
10.87
106.01
- -
7.34
5.21
6.15
6.21
11.79
12.14
Return on Capital (%)
10.34
2.03
11.74
16.5
15.18
18.35
22.88
20.11
19.04
210.41
25.04
17.63
11.95
13.46
13.25
29.36
35.02
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
149
74
124
LT Borrowings
501
540
544
LT Finance Leases
12
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
216
216
216
Market Capitalization
660
714
734

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
222
216
247
Cash, Cash Equivalents & STI
26
36
83
Accounts Receivable, Net
19
59
68
Inventories
15
10
17
Total Current Liabilities
274
282
334
Payables & Accruals
- -
- -
- -
ST Debt
149
74
124
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.63%
1.39%
6.37%
Free Cash Flow
- -
- -
-7.06%
Net Income, GAAP
102.59%
20.3%
142.43%
Sales/Revenue/Turnover
0.04%
9.33%
19.21%
Total Cash Common Dividend
- -
- -
7.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
47
52
47
59
205
2025
55
53
76
60
244
2026
71
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.17
2025
0.04
- -
- -
- -
0.4
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
- -
0.15
2026
- -
- -
- -
- -
- -
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Snam S.p.A. (SNMRF)
Business
Ascopiave S.p.A. is a leading Italian energy company primarily engaged in the distribution and sale of electricity and natural gas. The company offers a comprehensive range of products and services including electricity distribution through its extensive network; natural gas distribution and sales; energy management and sales services; and integrated water services in selected areas. Ascopiave operates predominantly in Italy, serving residential, commercial, and industrial customers across multiple regions. Founded in 2002, the company is headquartered in San Bonifacio, Italy. In the last 1-2 years, Ascopiave has pursued strategic expansions and partnerships to strengthen its market presence. Key recent developments include acquisitions and collaborations aimed at enhancing its energy distribution infrastructure and broadening its service offerings, particularly in sustainable energy solutions and renewable energy integration. These moves underscore Ascopiave's focus on innovation and operational efficiency, aligning with broader energy transition trends in Italy and Europe. The company operates within the energy utilities sector, specifically in electricity and natural gas distribution and sales, and also participates in water service management. Ascopiave targets a diverse customer base ranging from individual consumers to large corporate clients, positioning itself as a key player in the Italian energy market with a growing emphasis on sustainability and advanced energy services. It has subsidiary undertakings that support its core activities and is publicly traded with ticker ASC.MI on the Milan Stock Exchange.