GAS PLUS (GSP.MI) Stock Fundamental Analysis

BIT:GSP • IT0004098510

5.94 EUR
-0.18 (-2.94%)
Last: Feb 20, 2026, 02:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Overall GSP gets a fundamental rating of 6 out of 10. We evaluated GSP against 77 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of GSP get a neutral evaluation. Nothing too spectacular is happening here. GSP is evaluated to be cheap and growing strongly. This does not happen too often!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • GSP had positive earnings in the past year.
  • GSP had a positive operating cash flow in the past year.
  • GSP had positive earnings in 4 of the past 5 years.
  • GSP had a positive operating cash flow in each of the past 5 years.
GSP.MI Yearly Net Income VS EBIT VS OCF VS FCFGSP.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M

1.2 Ratios

  • GSP's Return On Assets of 3.31% is in line compared to the rest of the industry. GSP outperforms 48.05% of its industry peers.
  • With a Return On Equity value of 7.38%, GSP perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • The Return On Invested Capital of GSP (3.94%) is worse than 72.73% of its industry peers.
  • GSP had an Average Return On Invested Capital over the past 3 years of 6.52%. This is below the industry average of 8.82%.
Industry RankSector Rank
ROA 3.31%
ROE 7.38%
ROIC 3.94%
ROA(3y)4.2%
ROA(5y)1.15%
ROE(3y)9.58%
ROE(5y)2.27%
ROIC(3y)6.52%
ROIC(5y)N/A
GSP.MI Yearly ROA, ROE, ROICGSP.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 11.15%, GSP is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • In the last couple of years the Profit Margin of GSP has grown nicely.
  • GSP has a Operating Margin (17.17%) which is comparable to the rest of the industry.
  • GSP's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 74.40%, GSP belongs to the best of the industry, outperforming 83.12% of the companies in the same industry.
  • In the last couple of years the Gross Margin of GSP has grown nicely.
Industry RankSector Rank
OM 17.17%
PM (TTM) 11.15%
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%
GSP.MI Yearly Profit, Operating, Gross MarginsGSP.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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.
  • Compared to 5 years ago, GSP has about the same amount of shares outstanding.
  • GSP has a better debt/assets ratio than last year.
GSP.MI Yearly Shares OutstandingGSP.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
GSP.MI Yearly Total Debt VS Total AssetsGSP.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

  • Based on the Altman-Z score of 1.34, we must say that GSP is in the distress zone and has some risk of bankruptcy.
  • GSP has a worse Altman-Z score (1.34) than 70.13% of its industry peers.
  • GSP has a debt to FCF ratio of 1.68. This is a very positive value and a sign of high solvency as it would only need 1.68 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.68, GSP belongs to the top of the industry, outperforming 89.61% of the companies in the same industry.
  • GSP has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
  • GSP has a better Debt to Equity ratio (0.06) than 87.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.68
Altman-Z 1.34
ROIC/WACC0.54
WACC7.25%
GSP.MI Yearly LT Debt VS Equity VS FCFGSP.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • GSP has a Current Ratio of 0.82. 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 (0.82) than 81.82% of its industry peers.
  • GSP has a Quick Ratio of 0.82. This is a bad value and indicates that GSP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.78, GSP is not doing good in the industry: 76.62% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.78
GSP.MI Yearly Current Assets VS Current LiabilitesGSP.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 18.77% over the past year.
  • The Earnings Per Share has been growing by 58.59% on average over the past years. This is a very strong growth
  • GSP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.19%.
  • Measured over the past years, GSP shows a small growth in Revenue. The Revenue has been growing by 7.66% on average per year.
EPS 1Y (TTM)18.77%
EPS 3Y58.59%
EPS 5YN/A
EPS Q2Q%91.67%
Revenue 1Y (TTM)15.19%
Revenue growth 3Y16.86%
Revenue growth 5Y7.66%
Sales Q2Q%31.92%

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 60.70% on average per year.
  • Based on estimates for the next years, GSP will show a quite strong growth in Revenue. The Revenue will grow by 17.82% on average per year.
EPS Next Y180%
EPS Next 2Y102.48%
EPS Next 3Y60.7%
EPS Next 5YN/A
Revenue Next Year37.98%
Revenue Next 2Y27.59%
Revenue Next 3Y17.82%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
GSP.MI Yearly Revenue VS EstimatesGSP.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
GSP.MI Yearly EPS VS EstimatesGSP.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8

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8

4. Valuation

4.1 Price/Earnings Ratio

  • GSP is valuated correctly with a Price/Earnings ratio of 14.85.
  • GSP's Price/Earnings ratio is a bit cheaper when compared to the industry. GSP is cheaper than 61.04% of the companies in the same industry.
  • GSP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.09.
  • The Price/Forward Earnings ratio is 7.17, which indicates a rather cheap valuation of GSP.
  • Based on the Price/Forward Earnings ratio, GSP is valued cheaper than 92.21% of the companies 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 27.98.
Industry RankSector Rank
PE 14.85
Fwd PE 7.17
GSP.MI Price Earnings VS Forward Price EarningsGSP.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • GSP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GSP is cheaper than 64.94% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, GSP is valued cheaply inside the industry as 84.42% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.48
EV/EBITDA 5.78
GSP.MI Per share dataGSP.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

  • GSP'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 GSP may justify a higher PE ratio.
  • GSP's earnings are expected to grow with 60.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y102.48%
EPS Next 3Y60.7%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • GSP has a Yearly Dividend Yield of 3.21%.
  • GSP's Dividend Yield is comparable with the industry average which is at 5.21.
  • GSP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 3.21%

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

  • GSP pays out 37.53% of its income as dividend. This is a sustainable payout ratio.
  • GSP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP37.53%
EPS Next 2Y102.48%
EPS Next 3Y60.7%
GSP.MI Yearly Income VS Free CF VS DividendGSP.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M
GSP.MI Dividend Payout.GSP.MI Dividend Payout, showing the Payout Ratio.GSP.MI Dividend Payout.PayoutRetained Earnings

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GAS PLUS

BIT:GSP (2/20/2026, 2:20:10 PM)

5.94

-0.18 (-2.94%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners0.87%
Inst Owner ChangeN/A
Ins Owners76.08%
Ins Owner ChangeN/A
Market Cap266.77M
Revenue(TTM)156.30M
Net Income(TTM)17.43M
Analysts84
Price Target6.63 (11.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.21%
Yearly Dividend0.15
Dividend Growth(5Y)331.91%
DP37.53%
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)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 14.85
Fwd PE 7.17
P/S 1.71
P/FCF 7.48
P/OCF 5.05
P/B 1.13
P/tB N/A
EV/EBITDA 5.78
EPS(TTM)0.4
EY6.73%
EPS(NY)0.83
Fwd EY13.94%
FCF(TTM)0.79
FCFY13.38%
OCF(TTM)1.18
OCFY19.8%
SpS3.48
BVpS5.26
TBVpS-0.32
PEG (NY)0.08
PEG (5Y)N/A
Graham Number6.88
Profitability
Industry RankSector Rank
ROA 3.31%
ROE 7.38%
ROCE 6.33%
ROIC 3.94%
ROICexc 4.38%
ROICexgc 12.81%
OM 17.17%
PM (TTM) 11.15%
GM 74.4%
FCFM 22.83%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score7
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.68
Debt/EBITDA 0.28
Cap/Depr 73.36%
Cap/Sales 10.95%
Interest Coverage 250
Cash Conversion 105.25%
Profit Quality 204.72%
Current Ratio 0.82
Quick Ratio 0.78
Altman-Z 1.34
F-Score7
WACC7.25%
ROIC/WACC0.54
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)18.77%
EPS 3Y58.59%
EPS 5YN/A
EPS Q2Q%91.67%
EPS Next Y180%
EPS Next 2Y102.48%
EPS Next 3Y60.7%
EPS Next 5YN/A
Revenue 1Y (TTM)15.19%
Revenue growth 3Y16.86%
Revenue growth 5Y7.66%
Sales Q2Q%31.92%
Revenue Next Year37.98%
Revenue Next 2Y27.59%
Revenue Next 3Y17.82%
Revenue Next 5YN/A
EBIT growth 1Y-18.81%
EBIT growth 3YN/A
EBIT growth 5Y36.18%
EBIT Next Year305%
EBIT Next 3Y75.98%
EBIT Next 5YN/A
FCF growth 1Y-29.74%
FCF growth 3Y124.3%
FCF growth 5YN/A
OCF growth 1Y-28.39%
OCF growth 3Y31.39%
OCF growth 5Y41.82%

GAS PLUS / GSP.MI FAQ

Can you provide the ChartMill fundamental rating for GAS PLUS?

ChartMill assigns a fundamental rating of 6 / 10 to GSP.MI.


What is the valuation status for GSP stock?

ChartMill assigns a valuation rating of 8 / 10 to GAS PLUS (GSP.MI). This can be considered as Undervalued.


What is the profitability of GSP stock?

GAS PLUS (GSP.MI) has a profitability rating of 6 / 10.


What is the financial health of GAS PLUS (GSP.MI) stock?

The financial health rating of GAS PLUS (GSP.MI) is 4 / 10.


Is the dividend of GAS PLUS sustainable?

The dividend rating of GAS PLUS (GSP.MI) is 6 / 10 and the dividend payout ratio is 37.53%.