1. Italy Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Ascopiave S.p.A.

Ascopiave S.p.A.

ASCOF
Ascopiave S.p.A.US flagOther OTC
3.33
USD
- -
- -
720.74MMarket Cap
Ascopiave S.p.A.
ASCOF
(Other OTC)

Recent

price

3.33

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
614
614
624

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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Business
Ascopiave S.p.A. operates as a prominent Italian multi-utility company, primarily engaged in the distribution and sale of natural gas. The company manages service concessions and direct assignments across 454 municipalities in Northern Italy, reaching approximately 1,360,000 users through an extensive distribution network spanning over 20,000 kilometers. Beyond its core gas operations, Ascopiave is deeply involved in the renewable energy sector, managing 29 operational hydroelectric and wind power plants with a combined nominal capacity of 84.1 MW, and is actively pursuing further developments in wind and photovoltaic projects. The group also provides integrated urban water management services to over 100,000 inhabitants across 15 municipalities in the Province of Bergamo, utilizing an 880-kilometer network, and is active in heat management and co-generation activities. Recent strategic moves include the July 2025 acquisition of AP Reti Gas North S.p.A. from the A2A Group, expanding its gas distribution assets significantly, and the divestment of a 25% stake in EstEnergy S.p.A. in June 2025, alongside smaller acquisitions in renewable energy and IT services to refine its portfolio. Founded in 1956 and headquartered in Pieve di Soligo, Italy, Ascopiave S.p.A. operates as a subsidiary of Asco Holding S.p.A.

Company News

APIChatGPT

  • seekingalpha.com

    Ascopiave S.p.A. (ASCOF) Q4 2025 Earnings Call Transcript

  • seekingalpha.com

    Ascopiave S.p.A. (ASCOF) Discusses Strategic Plan Focused on Gas Distribution, Renewable Energy, and Sustainable Growth Transcript

  • seekingalpha.com

    Ascopiave S.p.A. (ASCOF) Q3 2025 Earnings Call Transcript