Ascopiave S.p.A
Ascopiave S.p.A. engages in the distribution of natural gas in Italy. It operates through Gas Distribution, Renewable Energy, and Other segments. The company holds concessions and direct assignments for the management of gas distribution in various municipalities; and provides services to users through a distribution network, as well as to catchment area. It also involved in the integrated water … Read more
Ascopiave S.p.A (ASCOF) - Net Assets
Latest net assets as of September 2025: $898.06 Million USD
Based on the latest financial reports, Ascopiave S.p.A (ASCOF) has net assets worth $898.06 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.76 Billion) and total liabilities ($858.83 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $898.06 Million |
| % of Total Assets | 51.12% |
| Annual Growth Rate | 7.45% |
| 5-Year Change | 0.46% |
| 10-Year Change | 104.17% |
| Growth Volatility | 27.64 |
Ascopiave S.p.A - Net Assets Trend (2004–2024)
This chart illustrates how Ascopiave S.p.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ascopiave S.p.A (2004–2024)
The table below shows the annual net assets of Ascopiave S.p.A from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $857.79 Million | +0.41% |
| 2023-12-31 | $854.28 Million | -3.62% |
| 2022-12-31 | $886.40 Million | +2.06% |
| 2021-12-31 | $868.50 Million | +1.71% |
| 2020-12-31 | $853.90 Million | -2.24% |
| 2019-12-31 | $873.49 Million | +95.03% |
| 2018-12-31 | $447.87 Million | -0.58% |
| 2017-12-31 | $450.50 Million | +1.42% |
| 2016-12-31 | $444.21 Million | +5.73% |
| 2015-12-31 | $420.14 Million | +2.56% |
| 2014-12-31 | $409.67 Million | +1.74% |
| 2013-12-31 | $402.68 Million | +3.56% |
| 2012-12-31 | $388.82 Million | +7.24% |
| 2011-12-31 | $362.57 Million | -4.44% |
| 2010-12-31 | $379.40 Million | +2.51% |
| 2009-12-31 | $370.10 Million | +2.40% |
| 2008-12-31 | $361.43 Million | -2.60% |
| 2007-12-31 | $371.07 Million | +0.59% |
| 2006-12-31 | $368.90 Million | +89.58% |
| 2005-12-31 | $194.59 Million | -4.53% |
| 2004-12-31 | $203.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ascopiave S.p.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $35.82 Million | 4.22% |
| Common Stock | $234.41 Million | 27.64% |
| Other Comprehensive Income | $429.43 Million | 50.64% |
| Other Components | $148.30 Million | 17.49% |
| Total Equity | $847.97 Million | 100.00% |
Ascopiave S.p.A Competitors by Market Cap
The table below lists competitors of Ascopiave S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenwu Energy Saving Co Ltd
SHE:000820
|
$220.56 Million |
|
Jiangsu Hualv Biological Technology Co.Ltd.
SHE:300970
|
$220.56 Million |
|
Texmaco Rail & Engineering Limited
NSE:TEXRAIL
|
$220.56 Million |
|
Shandong Longda Meat Foodstuff Co Ltd
SHE:002726
|
$220.59 Million |
|
Perma-Fix Environmental Svcs Inc
NASDAQ:PESI
|
$220.45 Million |
|
SUPER GROUP LTD RC 1
F:S8G1
|
$220.42 Million |
|
YeaShin International Development Co Ltd
TWO:5213
|
$220.36 Million |
|
KSL Holdings Bhd
KLSE:5038
|
$220.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ascopiave S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 844,753,000 to 847,966,000, a change of 3,213,000 (0.4%).
- Net income of 35,823,000 contributed positively to equity growth.
- Dividend payments of 30,339,000 reduced retained earnings.
- Share repurchases of 647,000 reduced equity.
- Other comprehensive income increased equity by 4,130,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $35.82 Million | +4.22% |
| Dividends Paid | $30.34 Million | -3.58% |
| Share Repurchases | $647.00K | -0.08% |
| Other Comprehensive Income | $4.13 Million | +0.49% |
| Other Changes | $-5.75 Million | -0.68% |
| Total Change | $- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares Ascopiave S.p.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.87x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $0.87 | $3.35 | x |
| 2005-12-31 | $0.83 | $3.35 | x |
| 2006-12-31 | $1.58 | $3.35 | x |
| 2007-12-31 | $1.58 | $3.35 | x |
| 2008-12-31 | $1.57 | $3.35 | x |
| 2009-12-31 | $1.58 | $3.35 | x |
| 2010-12-31 | $1.57 | $3.35 | x |
| 2011-12-31 | $1.53 | $3.35 | x |
| 2012-12-31 | $1.65 | $3.35 | x |
| 2013-12-31 | $1.79 | $3.35 | x |
| 2014-12-31 | $1.82 | $3.35 | x |
| 2015-12-31 | $1.87 | $3.35 | x |
| 2016-12-31 | $1.97 | $3.35 | x |
| 2017-12-31 | $2.00 | $3.35 | x |
| 2018-12-31 | $1.99 | $3.35 | x |
| 2019-12-31 | $3.91 | $3.35 | x |
| 2020-12-31 | $3.84 | $3.35 | x |
| 2021-12-31 | $4.01 | $3.35 | x |
| 2022-12-31 | $4.00 | $3.35 | x |
| 2023-12-31 | $3.90 | $3.35 | x |
| 2024-12-31 | $3.92 | $3.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ascopiave S.p.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.48%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.71x
- Recent ROE (4.22%) is below the historical average (10.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 15.98% | 13.40% | 0.59x | 2.03x | $12.07 Million |
| 2005 | 12.60% | 8.78% | 0.68x | 2.12x | $5.06 Million |
| 2006 | 4.41% | 5.10% | 0.61x | 1.42x | $-20.61 Million |
| 2007 | 6.00% | 4.90% | 0.62x | 1.96x | $-14.75 Million |
| 2008 | 5.20% | 2.28% | 1.12x | 2.04x | $-17.32 Million |
| 2009 | 7.00% | 3.39% | 1.10x | 1.88x | $-11.12 Million |
| 2010 | 8.75% | 3.84% | 1.13x | 2.02x | $-4.71 Million |
| 2011 | 1.75% | 0.57% | 1.11x | 2.76x | $-29.52 Million |
| 2012 | 7.26% | 2.59% | 1.15x | 2.44x | $-10.51 Million |
| 2013 | 9.73% | 5.35% | 0.85x | 2.13x | $-1.09 Million |
| 2014 | 8.78% | 6.08% | 0.67x | 2.14x | $-4.95 Million |
| 2015 | 10.36% | 7.40% | 0.74x | 1.88x | $1.49 Million |
| 2016 | 12.24% | 10.78% | 0.68x | 1.67x | $9.83 Million |
| 2017 | 10.58% | 8.85% | 0.67x | 1.78x | $2.58 Million |
| 2018 | 10.06% | 38.69% | 0.14x | 1.91x | $268.30K |
| 2019 | 56.46% | 394.85% | 0.10x | 1.49x | $405.87 Million |
| 2020 | 6.87% | 35.82% | 0.12x | 1.60x | $-26.69 Million |
| 2021 | 5.22% | 33.60% | 0.10x | 1.58x | $-41.53 Million |
| 2022 | 3.77% | 19.96% | 0.10x | 1.90x | $-53.96 Million |
| 2023 | 4.28% | 20.01% | 0.12x | 1.73x | $-48.30 Million |
| 2024 | 4.22% | 17.48% | 0.14x | 1.71x | $-48.97 Million |
Industry Comparison
This section compares Ascopiave S.p.A's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $10,611,938,839
- Average return on equity (ROE) among peers: 16.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ascopiave S.p.A (ASCOF) | $898.06 Million | 15.98% | 0.96x | $220.54 Million |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |