GAS PLUS (GSP.MI) Fundamental Analysis & Valuation

BIT:GSP • IT0004098510

6.34 EUR
-0.24 (-3.65%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This GSP.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, GSP scores 6 out of 10 in our fundamental rating. GSP was compared to 83 industry peers in the Oil, Gas & Consumable Fuels industry. GSP has only an average score on both its financial health and profitability. GSP is evaluated to be cheap and growing strongly. This does not happen too often!


Dividend Valuation Growth Profitability Health

5

1. GSP.MI Profitability Analysis

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.
  • Each year in the past 5 years GSP had a positive operating cash flow.
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 44.58% of its industry peers.
  • GSP's Return On Equity of 7.38% is in line compared to the rest of the industry. GSP outperforms 40.96% of its industry peers.
  • With a Return On Invested Capital value of 3.94%, GSP is not doing good in the industry: 73.49% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for GSP is below the industry average of 8.83%.
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 62.65% of the companies in the same industry.
  • GSP's Profit Margin has improved in the last couple of years.
  • GSP has a Operating Margin (17.17%) which is in line with its industry peers.
  • GSP's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 74.40%, GSP is in the better half of the industry, outperforming 79.52% of the companies in the same industry.
  • GSP's Gross Margin has improved in the last couple of years.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. GSP.MI Health Analysis

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.
  • Compared to 5 years ago, GSP has about the same amount of shares outstanding.
  • Compared to 1 year ago, GSP has an improved debt to assets ratio.
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

  • GSP has an Altman-Z score of 1.38. This is a bad value and indicates that GSP is not financially healthy and even has some risk of bankruptcy.
  • GSP's Altman-Z score of 1.38 is on the low side compared to the rest of the industry. GSP is outperformed by 72.29% 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.
  • GSP has a Debt to FCF ratio of 1.68. This is amongst the best in the industry. GSP outperforms 90.36% of its industry peers.
  • GSP has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
  • With an excellent Debt to Equity ratio value of 0.06, GSP belongs to the best of the industry, outperforming 86.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.68
Altman-Z 1.38
ROIC/WACC0.54
WACC7.23%
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 81.93% of its industry peers.
  • A Quick Ratio of 0.78 indicates that GSP may have some problems paying its short term obligations.
  • GSP's Quick ratio of 0.78 is on the low side compared to the rest of the industry. GSP is outperformed by 74.70% of its industry peers.
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

More info and screens

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

7

3. GSP.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 18.77% over the past year.
  • GSP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 58.59% yearly.
  • GSP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.19%.
  • 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

  • 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.
  • GSP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.82% yearly.
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

More info and screens

Find the best growth stocksShow best growing peers

8

4. GSP.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • GSP is valuated correctly with a Price/Earnings ratio of 15.85.
  • 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 (26.46), we can say GSP is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 7.66, the valuation of GSP can be described as very cheap.
  • GSP's Price/Forward Earnings ratio is rather cheap when compared to the industry. GSP is cheaper than 92.77% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.65. GSP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.85
Fwd PE 7.66
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 66.27% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of GSP indicates a rather cheap valuation: GSP is cheaper than 85.54% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.98
EV/EBITDA 6.2
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

  • 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 60.70% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y102.48%
EPS Next 3Y60.7%

More info and screens

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

6

5. GSP.MI Dividend Analysis

5.1 Amount

  • GSP has a Yearly Dividend Yield of 3.16%.
  • GSP's Dividend Yield is comparable with the industry average which is at 4.82.
  • Compared to an average S&P500 Dividend Yield of 1.82, GSP pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.16%

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

More info and screens

Find the best dividend stocksShow peers with best dividend

GSP.MI Fundamentals: All Metrics, Ratios and Statistics

GAS PLUS

BIT:GSP (3/9/2026, 7:00:00 PM)

6.34

-0.24 (-3.65%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners1.21%
Inst Owner ChangeN/A
Ins Owners76.08%
Ins Owner ChangeN/A
Market Cap284.73M
Revenue(TTM)156.30M
Net Income(TTM)17.43M
Analysts84
Price Target6.63 (4.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.16%
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 15.85
Fwd PE 7.66
P/S 1.82
P/FCF 7.98
P/OCF 5.39
P/B 1.2
P/tB N/A
EV/EBITDA 6.2
EPS(TTM)0.4
EY6.31%
EPS(NY)0.83
Fwd EY13.06%
FCF(TTM)0.79
FCFY12.53%
OCF(TTM)1.18
OCFY18.55%
SpS3.48
BVpS5.26
TBVpS-0.32
PEG (NY)0.09
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 1.38
F-Score7
WACC7.23%
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 5 / 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%.