Logo image of GSP.MI

GAS PLUS (GSP.MI) Stock Fundamental Analysis

BIT:GSP - Euronext Milan - IT0004098510 - Common Stock - Currency: EUR

2.75  +0.07 (+2.61%)

Fundamental Rating

3

Overall GSP gets a fundamental rating of 3 out of 10. We evaluated GSP against 62 industry peers in the Oil, Gas & Consumable Fuels industry. While GSP is still in line with the averages on profitability rating, there are concerns on its financial health. GSP has a valuation in line with the averages, but it does not seem to be growing. GSP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

GSP had positive earnings in the past year.
In the past year GSP had a positive cash flow from operations.
In multiple years GSP reported negative net income over the last 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M 60M

1.2 Ratios

The Return On Assets of GSP (2.92%) is worse than 61.90% of its industry peers.
GSP's Return On Equity of 6.47% is on the low side compared to the rest of the industry. GSP is outperformed by 71.43% of its industry peers.
GSP has a Return On Invested Capital of 6.13%. This is comparable to the rest of the industry: GSP outperforms 42.86% of its industry peers.
Industry RankSector Rank
ROA 2.92%
ROE 6.47%
ROIC 6.13%
ROA(3y)3.6%
ROA(5y)0.64%
ROE(3y)8.38%
ROE(5y)1.12%
ROIC(3y)N/A
ROIC(5y)N/A
GSP.MI Yearly ROA, ROE, ROICGSP.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20

1.3 Margins

GSP's Profit Margin of 10.82% is in line compared to the rest of the industry. GSP outperforms 58.73% of its industry peers.
GSP has a Operating Margin of 24.36%. This is in the better half of the industry: GSP outperforms 60.32% of its industry peers.
GSP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 72.60%, GSP is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
In the last couple of years the Gross Margin of GSP has remained more or less at the same level.
Industry RankSector Rank
OM 24.36%
PM (TTM) 10.82%
GM 72.6%
OM growth 3YN/A
OM growth 5Y55.34%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.67%
GM growth 5Y1.25%
GSP.MI Yearly Profit, Operating, Gross MarginsGSP.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

More info and screens

3

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.
GSP has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, GSP has an improved debt to assets ratio.
GSP.MI Yearly Shares OutstandingGSP.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
GSP.MI Yearly Total Debt VS Total AssetsGSP.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.2 Solvency

GSP has an Altman-Z score of 1.04. This is a bad value and indicates that GSP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GSP (1.04) is worse than 68.25% of its industry peers.
GSP has a debt to FCF ratio of 3.97. This is a good value and a sign of high solvency as GSP would need 3.97 years to pay back of all of its debts.
The Debt to FCF ratio of GSP (3.97) is better than 65.08% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that GSP is not too dependend on debt financing.
GSP has a better Debt to Equity ratio (0.04) than 87.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 3.97
Altman-Z 1.04
ROIC/WACC0.93
WACC6.59%
GSP.MI Yearly LT Debt VS Equity VS FCFGSP.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M

2.3 Liquidity

GSP has a Current Ratio of 0.77. This is a bad value and indicates that GSP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.77, GSP is doing worse than 88.89% of the companies in the same industry.
A Quick Ratio of 0.73 indicates that GSP may have some problems paying its short term obligations.
GSP's Quick ratio of 0.73 is on the low side compared to the rest of the industry. GSP is outperformed by 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.73
GSP.MI Yearly Current Assets VS Current LiabilitesGSP.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

More info and screens

1

3. Growth

3.1 Past

GSP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -70.79%.
Looking at the last year, GSP shows a very negative growth in Revenue. The Revenue has decreased by -45.53% in the last year.
The Revenue has been growing by 12.66% on average over the past years. This is quite good.
EPS 1Y (TTM)-70.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-86.87%
Revenue 1Y (TTM)-45.53%
Revenue growth 3Y28.67%
Revenue growth 5Y12.66%
Sales Q2Q%-27.65%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-79.38%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-35.82%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
GSP.MI Yearly Revenue VS EstimatesGSP.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
GSP.MI Yearly EPS VS EstimatesGSP.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0.2 0.4 0.6 0.8

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.09, the valuation of GSP can be described as reasonable.
GSP's Price/Earnings ratio is a bit cheaper when compared to the industry. GSP is cheaper than 60.32% of the companies in the same industry.
GSP is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.61, the valuation of GSP can be described as correct.
61.90% of the companies in the same industry are cheaper than GSP, based on the Price/Forward Earnings ratio.
GSP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.09
Fwd PE 13.61
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 68.25% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GSP indicates a somewhat cheap valuation: GSP is cheaper than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.26
EV/EBITDA 2.68
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.60%, GSP is a good candidate for dividend investing.
GSP's Dividend Yield is comparable with the industry average which is at 60.92.
GSP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 5.6%

5.2 History

On average, the dividend of GSP grows each year by 246.71%, which is quite nice.
Dividend Growth(5Y)246.71%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

14.93% of the earnings are spent on dividend by GSP. This is a low number and sustainable payout ratio.
DP14.93%
EPS Next 2YN/A
EPS Next 3YN/A
GSP.MI Yearly Income VS Free CF VS DividendGSP.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M
GSP.MI Dividend Payout.GSP.MI Dividend Payout, showing the Payout Ratio.GSP.MI Dividend Payout.PayoutRetained Earnings

More info and screens

GAS PLUS

BIT:GSP (3/7/2025, 7:00:00 PM)

2.75

+0.07 (+2.61%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners0.08%
Inst Owner ChangeN/A
Ins Owners76.08%
Ins Owner ChangeN/A
Market Cap123.50M
Analysts84
Price Target5.71 (107.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.6%
Yearly Dividend0.05
Dividend Growth(5Y)246.71%
DP14.93%
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 8.09
Fwd PE 13.61
P/S 0.91
P/FCF 8.26
P/OCF 4.07
P/B 0.54
P/tB N/A
EV/EBITDA 2.68
EPS(TTM)0.34
EY12.36%
EPS(NY)0.2
Fwd EY7.35%
FCF(TTM)0.33
FCFY12.11%
OCF(TTM)0.68
OCFY24.57%
SpS3.02
BVpS5.06
TBVpS-0.49
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.92%
ROE 6.47%
ROCE 8.18%
ROIC 6.13%
ROICexc 6.63%
ROICexgc 19.8%
OM 24.36%
PM (TTM) 10.82%
GM 72.6%
FCFM 11.02%
ROA(3y)3.6%
ROA(5y)0.64%
ROE(3y)8.38%
ROE(5y)1.12%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y69%
ROICexc growth 3YN/A
ROICexc growth 5Y79.34%
OM growth 3YN/A
OM growth 5Y55.34%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.67%
GM growth 5Y1.25%
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 3.97
Debt/EBITDA 0.16
Cap/Depr 64.71%
Cap/Sales 11.34%
Interest Coverage 250
Cash Conversion 53.4%
Profit Quality 101.85%
Current Ratio 0.77
Quick Ratio 0.73
Altman-Z 1.04
F-Score5
WACC6.59%
ROIC/WACC0.93
Cap/Depr(3y)108.02%
Cap/Depr(5y)104.16%
Cap/Sales(3y)16.06%
Cap/Sales(5y)18.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-70.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-86.87%
EPS Next Y-79.38%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-45.53%
Revenue growth 3Y28.67%
Revenue growth 5Y12.66%
Sales Q2Q%-27.65%
Revenue Next Year-35.82%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-59.65%
EBIT growth 3YN/A
EBIT growth 5Y75.02%
EBIT Next Year-22.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y172.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y209.12%
OCF growth 3Y80.81%
OCF growth 5Y-5.71%