GAS PLUS (GSP.MI) Stock Fundamental Analysis
BIT:GSP - Euronext Milan - IT0004098510 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to GSP. GSP was compared to 61 industry peers in the Oil, Gas & Consumable Fuels industry. GSP has only an average score on both its financial health and profitability. GSP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GSP was profitable.
In the past year GSP had a positive cash flow from operations.
GSP had positive earnings in 4 of the past 5 years.
Each year in the past 5 years GSP had a positive operating cash flow.
1.2 Ratios
GSP has a worse Return On Assets (2.42%) than 69.49% of its industry peers.
GSP has a worse Return On Equity (5.43%) than 71.19% of its industry peers.
GSP has a worse Return On Invested Capital (3.17%) than 74.58% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GSP is significantly below the industry average of 15.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 5.43% | ||
| ROIC | 3.17% |
ROA(3y)4.2%
ROA(5y)1.15%
ROE(3y)9.58%
ROE(5y)2.27%
ROIC(3y)6.52%
ROIC(5y)N/A
1.3 Margins
GSP's Profit Margin of 9.27% is in line compared to the rest of the industry. GSP outperforms 54.24% of its industry peers.
GSP's Profit Margin has improved in the last couple of years.
GSP has a Operating Margin (15.80%) which is in line with its industry peers.
GSP's Operating Margin has improved in the last couple of years.
GSP has a Gross Margin of 74.40%. This is in the better half of the industry: GSP outperforms 79.66% of its industry peers.
In the last couple of years the Gross Margin of GSP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.8% | ||
| PM (TTM) | 9.27% | ||
| GM | 74.4% |
OM growth 3YN/A
OM growth 5Y26.49%
PM growth 3Y35.71%
PM growth 5YN/A
GM growth 3Y6.01%
GM growth 5Y1.5%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GSP is destroying value.
The number of shares outstanding for GSP remains at a similar level compared to 1 year ago.
The number of shares outstanding for GSP remains at a similar level compared to 5 years ago.
Compared to 1 year ago, GSP has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.16, we must say that GSP is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.16, GSP is doing worse than 72.88% of the companies in the same industry.
The Debt to FCF ratio of GSP is 1.58, which is an excellent value as it means it would take GSP, only 1.58 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.58, GSP belongs to the top of the industry, outperforming 81.36% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that GSP is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.06, GSP belongs to the top of the industry, outperforming 83.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.58 | ||
| Altman-Z | 1.16 |
ROIC/WACC0.43
WACC7.33%
2.3 Liquidity
GSP has a Current Ratio of 0.86. This is a bad value and indicates that GSP is not financially healthy enough and could expect problems in meeting its short term obligations.
GSP has a worse Current ratio (0.86) than 86.44% of its industry peers.
GSP has a Quick Ratio of 0.86. This is a bad value and indicates that GSP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of GSP (0.82) is worse than 84.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
GSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -74.45%.
Measured over the past years, GSP shows a very strong growth in Earnings Per Share. The EPS has been growing by 58.59% on average per year.
GSP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.84%.
The Revenue has been growing slightly by 7.66% on average over the past years.
EPS 1Y (TTM)-74.45%
EPS 3Y58.59%
EPS 5YN/A
EPS Q2Q%-21.8%
Revenue 1Y (TTM)-15.84%
Revenue growth 3Y16.86%
Revenue growth 5Y7.66%
Sales Q2Q%-0.52%
3.2 Future
Based on estimates for the next years, GSP will show a very strong growth in Earnings Per Share. The EPS will grow by 64.85% on average per year.
GSP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.55% yearly.
EPS Next Y166.4%
EPS Next 2Y64.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year54.73%
Revenue Next 2Y24.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GSP is valuated correctly with a Price/Earnings ratio of 16.41.
Based on the Price/Earnings ratio, GSP is valued a bit more expensive than the industry average as 62.71% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.30. GSP is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 8.85, which indicates a very decent valuation of GSP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GSP indicates a somewhat cheap valuation: GSP is cheaper than 62.71% of the companies listed in the same industry.
GSP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.41 | ||
| Fwd PE | 8.85 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GSP is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, GSP is valued cheaper than 81.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.39 | ||
| EV/EBITDA | 5.5 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GSP's earnings are expected to grow with 64.85% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y64.85%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.19%, GSP is a good candidate for dividend investing.
GSP's Dividend Yield is comparable with the industry average which is at 58.65.
Compared to an average S&P500 Dividend Yield of 2.35, GSP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
5.2 History
On average, the dividend of GSP grows each year by 331.91%, which is quite nice.
Dividend Growth(5Y)331.91%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
52.20% of the earnings are spent on dividend by GSP. This is a bit on the high side, but may be sustainable.
GSP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.2%
EPS Next 2Y64.85%
EPS Next 3YN/A
BIT:GSP (7/11/2025, 7:00:00 PM)
4.76
-0.01 (-0.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0.06%
Inst Owner ChangeN/A
Ins Owners76.08%
Ins Owner ChangeN/A
Market Cap213.77M
Analysts84
Price Target5.71 (19.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
Yearly Dividend0.15
Dividend Growth(5Y)331.91%
DP52.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.41 | ||
| Fwd PE | 8.85 | ||
| P/S | 1.58 | ||
| P/FCF | 6.39 | ||
| P/OCF | 4.48 | ||
| P/B | 0.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.5 |
EPS(TTM)0.29
EY6.09%
EPS(NY)0.54
Fwd EY11.31%
FCF(TTM)0.74
FCFY15.64%
OCF(TTM)1.06
OCFY22.33%
SpS3.01
BVpS5.14
TBVpS-0.55
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 5.43% | ||
| ROCE | 5.09% | ||
| ROIC | 3.17% | ||
| ROICexc | 3.4% | ||
| ROICexgc | 9.8% | ||
| OM | 15.8% | ||
| PM (TTM) | 9.27% | ||
| GM | 74.4% | ||
| FCFM | 24.71% |
ROA(3y)4.2%
ROA(5y)1.15%
ROE(3y)9.58%
ROE(5y)2.27%
ROIC(3y)6.52%
ROIC(5y)N/A
ROICexc(3y)7.04%
ROICexc(5y)N/A
ROICexgc(3y)22.1%
ROICexgc(5y)N/A
ROCE(3y)10.47%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y35.08%
ROICexc growth 3YN/A
ROICexc growth 5Y40.91%
OM growth 3YN/A
OM growth 5Y26.49%
PM growth 3Y35.71%
PM growth 5YN/A
GM growth 3Y6.01%
GM growth 5Y1.5%
F-Score5
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.58 | ||
| Debt/EBITDA | 0.31 | ||
| Cap/Depr | 65.51% | ||
| Cap/Sales | 10.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 110.46% | ||
| Profit Quality | 266.46% | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 1.16 |
F-Score5
WACC7.33%
ROIC/WACC0.43
Cap/Depr(3y)93.88%
Cap/Depr(5y)100.3%
Cap/Sales(3y)12.47%
Cap/Sales(5y)17.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-74.45%
EPS 3Y58.59%
EPS 5YN/A
EPS Q2Q%-21.8%
EPS Next Y166.4%
EPS Next 2Y64.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.84%
Revenue growth 3Y16.86%
Revenue growth 5Y7.66%
Sales Q2Q%-0.52%
Revenue Next Year54.73%
Revenue Next 2Y24.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-57.34%
EBIT growth 3YN/A
EBIT growth 5Y36.18%
EBIT Next Year246.8%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y737.48%
FCF growth 3Y124.3%
FCF growth 5YN/A
OCF growth 1Y148.05%
OCF growth 3Y31.39%
OCF growth 5Y41.82%