ITALGAS SPA (IG.MI) Stock Fundamental Analysis
BIT:IG - IT0005211237 - Common Stock
7.65 EUR
-0.03 (-0.46%)
Taking everything into account, IG scores 6 out of 10 in our fundamental rating. IG was compared to 5 industry peers in the Gas Utilities industry. While IG belongs to the best of the industry regarding profitability, there are concerns on its financial health. An interesting combination arises when we look at growth and value: IG is growing strongly while it also seems undervalued. Finally IG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year IG was profitable.
IG had a positive operating cash flow in the past year.
In the past 5 years IG has always been profitable.
In the past 5 years IG always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.88%, IG is in line with its industry, outperforming 60.00% of the companies in the same industry.
The Return On Equity of IG (25.06%) is better than 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.59%, IG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for IG is in line with the industry average of 6.30%.
The 3 year average ROIC (5.76%) for IG is below the current ROIC(7.59%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.88% | ||
| ROE | 25.06% | ||
| ROIC | 7.59% |
ROA(3y)3.88%
ROA(5y)3.89%
ROE(3y)19.36%
ROE(5y)19.88%
ROIC(3y)5.76%
ROIC(5y)5.76%
1.3 Margins
IG has a Profit Margin of 22.07%. This is comparable to the rest of the industry: IG outperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of IG has declined.
The Operating Margin of IG (38.76%) is better than 80.00% of its industry peers.
In the last couple of years the Operating Margin of IG has grown nicely.
The Gross Margin of IG (58.56%) is better than 80.00% of its industry peers.
IG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.76% | ||
| PM (TTM) | 22.07% | ||
| GM | 58.56% |
OM growth 3Y5.85%
OM growth 5Y2.8%
PM growth 3Y3.77%
PM growth 5Y-3.36%
GM growth 3Y0.16%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
IG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for IG remains at a similar level compared to 1 year ago.
IG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IG has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.89, we must say that IG is in the distress zone and has some risk of bankruptcy.
IG has a worse Altman-Z score (0.89) than 80.00% of its industry peers.
IG has a debt to FCF ratio of 33.56. This is a negative value and a sign of low solvency as IG would need 33.56 years to pay back of all of its debts.
With a Debt to FCF ratio value of 33.56, IG perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
IG has a Debt/Equity ratio of 3.07. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.07, IG is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Altman-Z | 0.89 |
ROIC/WACC1.57
WACC4.83%
2.3 Liquidity
A Current Ratio of 0.81 indicates that IG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.81, IG is doing worse than 60.00% of the companies in the same industry.
A Quick Ratio of 0.77 indicates that IG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.77, IG is in line with its industry, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.00% over the past year.
Measured over the past 5 years, IG shows a small growth in Earnings Per Share. The EPS has been growing by 1.45% on average per year.
Looking at the last year, IG shows a very strong growth in Revenue. The Revenue has grown by 22.05%.
The Revenue has been growing slightly by 6.37% on average over the past years.
EPS 1Y (TTM)23%
EPS 3Y7.35%
EPS 5Y1.45%
EPS Q2Q%41.38%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y5.71%
Revenue growth 5Y6.37%
Sales Q2Q%266.82%
3.2 Future
IG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.29% yearly.
Based on estimates for the next years, IG will show a quite strong growth in Revenue. The Revenue will grow by 12.58% on average per year.
EPS Next Y18.93%
EPS Next 2Y12.52%
EPS Next 3Y11.5%
EPS Next 5Y9.29%
Revenue Next Year37.06%
Revenue Next 2Y23.54%
Revenue Next 3Y17.93%
Revenue Next 5Y12.58%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 7.36, the valuation of IG can be described as very cheap.
Based on the Price/Earnings ratio, IG is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of IG to the average of the S&P500 Index (27.08), we can say IG is valued rather cheaply.
The Price/Forward Earnings ratio is 10.53, which indicates a very decent valuation of IG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IG indicates a somewhat cheap valuation: IG is cheaper than 80.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.67, IG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.36 | ||
| Fwd PE | 10.53 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as IG.
The rest of the industry has a similar Price/Free Cash Flow ratio as IG.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.92 | ||
| EV/EBITDA | 8.92 |
4.3 Compensation for Growth
IG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of IG may justify a higher PE ratio.
PEG (NY)0.39
PEG (5Y)5.06
EPS Next 2Y12.52%
EPS Next 3Y11.5%
5. Dividend
5.1 Amount
IG has a Yearly Dividend Yield of 5.26%, which is a nice return.
IG's Dividend Yield is comparable with the industry average which is at 5.31.
IG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
5.2 History
On average, the dividend of IG grows each year by 6.22%, which is quite nice.
Dividend Growth(5Y)6.22%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
39.58% of the earnings are spent on dividend by IG. This is a low number and sustainable payout ratio.
IG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.58%
EPS Next 2Y12.52%
EPS Next 3Y11.5%
BIT:IG (8/26/2025, 7:00:00 PM)
7.65
-0.03 (-0.46%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners30.66%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap7.76B
Analysts80.95
Price Target7.65 (0%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
Yearly Dividend0.35
Dividend Growth(5Y)6.22%
DP39.58%
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)7.92%
PT rev (3m)13.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.38%
EPS NY rev (3m)5.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.04%
Revenue NY rev (3m)8.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.36 | ||
| Fwd PE | 10.53 | ||
| P/S | 1.97 | ||
| P/FCF | 22.92 | ||
| P/OCF | 5.93 | ||
| P/B | 2.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.92 |
EPS(TTM)1.04
EY13.59%
EPS(NY)0.73
Fwd EY9.5%
FCF(TTM)0.33
FCFY4.36%
OCF(TTM)1.29
OCFY16.85%
SpS3.89
BVpS3.43
TBVpS-10.65
PEG (NY)0.39
PEG (5Y)5.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.88% | ||
| ROE | 25.06% | ||
| ROCE | 9.83% | ||
| ROIC | 7.59% | ||
| ROICexc | 7.78% | ||
| ROICexgc | 122.81% | ||
| OM | 38.76% | ||
| PM (TTM) | 22.07% | ||
| GM | 58.56% | ||
| FCFM | 8.58% |
ROA(3y)3.88%
ROA(5y)3.89%
ROE(3y)19.36%
ROE(5y)19.88%
ROIC(3y)5.76%
ROIC(5y)5.76%
ROICexc(3y)5.99%
ROICexc(5y)6.22%
ROICexgc(3y)75.97%
ROICexgc(5y)N/A
ROCE(3y)7.65%
ROCE(5y)7.56%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y2.21%
ROICexc growth 5Y1.43%
OM growth 3Y5.85%
OM growth 5Y2.8%
PM growth 3Y3.77%
PM growth 5Y-3.36%
GM growth 3Y0.16%
GM growth 5Y0.23%
F-Score4
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Debt/EBITDA | 5.09 | ||
| Cap/Depr | 170.7% | ||
| Cap/Sales | 24.55% | ||
| Interest Coverage | 9.24 | ||
| Cash Conversion | 62.34% | ||
| Profit Quality | 38.87% | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 0.89 |
F-Score4
WACC4.83%
ROIC/WACC1.57
Cap/Depr(3y)164.61%
Cap/Depr(5y)169.68%
Cap/Sales(3y)35.08%
Cap/Sales(5y)36.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23%
EPS 3Y7.35%
EPS 5Y1.45%
EPS Q2Q%41.38%
EPS Next Y18.93%
EPS Next 2Y12.52%
EPS Next 3Y11.5%
EPS Next 5Y9.29%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y5.71%
Revenue growth 5Y6.37%
Sales Q2Q%266.82%
Revenue Next Year37.06%
Revenue Next 2Y23.54%
Revenue Next 3Y17.93%
Revenue Next 5Y12.58%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year112.73%
EBIT Next 3Y37.6%
EBIT Next 5Y25.07%
FCF growth 1Y190.01%
FCF growth 3Y117.41%
FCF growth 5Y51.61%
OCF growth 1Y219.31%
OCF growth 3Y9.38%
OCF growth 5Y8.67%