GAS PLUS (GSP.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:GSP - IT0004098510 - Common Stock
6.92 EUR
0 (0%)
Taking everything into account, GSP scores 6 out of 10 in our fundamental rating. GSP was compared to 71 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 growing strongly while it also seems undervalued. This is an interesting combination
1. Profitability
1.1 Basic Checks
- In the past year GSP was profitable.
- GSP had a positive operating cash flow in the past year.
- Of the past 5 years GSP 4 years were profitable.
- GSP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- GSP has a Return On Assets (3.31%) which is in line with its industry peers.
- With a Return On Equity value of 7.38%, GSP perfoms like the industry average, outperforming 45.33% of the companies in the same industry.
- With a Return On Invested Capital value of 3.94%, GSP is not doing good in the industry: 72.00% of the companies in the same industry are doing better.
- GSP had an Average Return On Invested Capital over the past 3 years of 6.52%. This is below the industry average of 8.91%.
| Industry Rank | Sector 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
1.3 Margins
- The Profit Margin of GSP (11.15%) is better than 64.00% of its industry peers.
- In the last couple of years the Profit Margin of GSP has grown nicely.
- The Operating Margin of GSP (17.17%) 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 82.67% of the companies in the same industry.
- GSP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GSP is destroying value.
- The number of shares outstanding for GSP remains at a similar level compared to 1 year ago.
- GSP has about the same amout of shares outstanding than it did 5 years ago.
- The debt/assets ratio for GSP has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.41, we must say that GSP is in the distress zone and has some risk of bankruptcy.
- GSP has a Altman-Z score of 1.41. This is in the lower half of the industry: GSP underperforms 68.00% of its industry peers.
- The Debt to FCF ratio of GSP is 1.68, which is an excellent value as it means it would take GSP, only 1.68 years of fcf income to pay off 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 90.67% of the companies in the same industry.
- A Debt/Equity ratio of 0.06 indicates that GSP is not too dependend on debt financing.
- GSP's Debt to Equity ratio of 0.06 is amongst the best of the industry. GSP outperforms 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.68 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.54
WACC7.34%
2.3 Liquidity
- A Current Ratio of 0.82 indicates that GSP may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.82, GSP is doing worse than 82.67% of the companies in the same industry.
- 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.
- The Quick ratio of GSP (0.78) is worse than 77.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
- GSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.77%, which is quite good.
- 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.
- The Revenue has grown by 15.19% in the past year. This is quite good.
- GSP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.66% yearly.
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
- The Earnings Per Share is expected to grow by 60.70% on average over the next years. This is a very strong growth
- 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
- 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
- With a Price/Earnings ratio of 17.30, GSP is valued on the expensive side.
- GSP's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of GSP to the average of the S&P500 Index (27.21), we can say GSP is valued slightly cheaper.
- With a Price/Forward Earnings ratio of 8.36, the valuation of GSP can be described as very reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of GSP indicates a rather cheap valuation: GSP is cheaper than 85.33% of the companies listed in the same industry.
- GSP is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.3 | ||
| Fwd PE | 8.36 |
4.2 Price Multiples
- GSP's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of GSP indicates a rather cheap valuation: GSP is cheaper than 84.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.71 | ||
| EV/EBITDA | 6.5 |
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.
- A more expensive valuation may be justified as GSP's earnings are expected to grow with 60.70% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y102.48%
EPS Next 3Y60.7%
5. Dividend
5.1 Amount
- GSP has a Yearly Dividend Yield of 2.89%.
- Compared to an average industry Dividend Yield of 5.24, GSP has a dividend in line with its industry peers.
- GSP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
5.2 History
- The dividend of GSP is nicely growing with an annual growth rate of 331.91%!
Dividend Growth(5Y)331.91%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 37.53% of the earnings are spent on dividend by GSP. This is a low number and 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%
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 7 / 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%.