ITALGAS SPA (IG.MI) Fundamental Analysis & Valuation

BIT:IG • IT0005211237

Current stock price

10.307 EUR
+0.05 (+0.46%)
Last:

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

7

1. IG.MI Profitability Analysis

1.1 Basic Checks

  • In the past year IG was profitable.
  • In the past year IG had a positive cash flow from operations.
  • Each year in the past 5 years IG has been profitable.
  • In the past 5 years IG always reported a positive cash flow from operatings.
IG.MI Yearly Net Income VS EBIT VS OCF VS FCFIG.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 2025 0 500M 1B 1.5B

1.2 Ratios

  • With a Return On Assets value of 5.39%, IG perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • IG has a Return On Equity of 26.65%. This is amongst the best in the industry. IG outperforms 100.00% of its industry peers.
  • IG has a better Return On Invested Capital (8.52%) than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for IG is in line with the industry average of 6.66%.
  • The last Return On Invested Capital (8.52%) for IG is above the 3 year average (5.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.39%
ROE 26.65%
ROIC 8.52%
ROA(3y)3.83%
ROA(5y)3.75%
ROE(3y)18.79%
ROE(5y)18.97%
ROIC(3y)5.81%
ROIC(5y)5.42%
IG.MI Yearly ROA, ROE, ROICIG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • IG's Profit Margin of 21.33% is in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
  • IG's Profit Margin has been stable in the last couple of years.
  • IG has a better Operating Margin (39.27%) than 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of IG has grown nicely.
  • Looking at the Gross Margin, with a value of 69.71%, IG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of IG has remained more or less at the same level.
Industry RankSector Rank
OM 39.27%
PM (TTM) 21.33%
GM 69.71%
OM growth 3Y8.52%
OM growth 5Y3.8%
PM growth 3Y0.89%
PM growth 5Y0.5%
GM growth 3Y0.64%
GM growth 5Y0.17%
IG.MI Yearly Profit, Operating, Gross MarginsIG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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1

2. IG.MI Health Analysis

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.
  • IG has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, IG has more shares outstanding
  • The debt/assets ratio for IG is higher compared to a year ago.
IG.MI Yearly Shares OutstandingIG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
IG.MI Yearly Total Debt VS Total AssetsIG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • Based on the Altman-Z score of 1.07, we must say that IG is in the distress zone and has some risk of bankruptcy.
  • IG has a worse Altman-Z score (1.07) than 60.00% of its industry peers.
  • The Debt to FCF ratio of IG is 21.23, which is on the high side as it means it would take IG, 21.23 years of fcf income to pay off all of its debts.
  • IG's Debt to FCF ratio of 21.23 is in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
  • A Debt/Equity ratio of 2.75 is on the high side and indicates that IG has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.75, IG is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF 21.23
Altman-Z 1.07
ROIC/WACC1.73
WACC4.92%
IG.MI Yearly LT Debt VS Equity VS FCFIG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • IG has a Current Ratio of 0.82. This is a bad value and indicates that IG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • IG's Current ratio of 0.82 is in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
  • A Quick Ratio of 0.80 indicates that IG may have some problems paying its short term obligations.
  • IG has a Quick ratio (0.80) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.8
IG.MI Yearly Current Assets VS Current LiabilitesIG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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

7

3. IG.MI Growth Analysis

3.1 Past

  • IG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.00%, which is quite impressive.
  • Measured over the past 5 years, IG shows a small growth in Earnings Per Share. The EPS has been growing by 5.46% on average per year.
  • Looking at the last year, IG shows a very strong growth in Revenue. The Revenue has grown by 45.29%.
  • The Revenue has been growing slightly by 6.80% on average over the past years.
EPS 1Y (TTM)50%
EPS 3Y-30.18%
EPS 5Y5.46%
EPS Q2Q%10.89%
Revenue 1Y (TTM)45.29%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%-48.49%

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 12.81% yearly.
  • Based on estimates for the next years, IG will show a quite strong growth in Revenue. The Revenue will grow by 15.63% on average per year.
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y16.47%
EPS Next 5Y12.81%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y20.49%
Revenue Next 5Y15.63%

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 accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
IG.MI Yearly Revenue VS EstimatesIG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B
IG.MI Yearly EPS VS EstimatesIG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.2 0.4 0.6 0.8 1

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2

4. IG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • IG is valuated rather expensively with a Price/Earnings ratio of 22.90.
  • Based on the Price/Earnings ratio, IG is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
  • IG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
  • IG is valuated rather expensively with a Price/Forward Earnings ratio of 17.96.
  • IG's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.12, IG is valued at the same level.
Industry RankSector Rank
PE 22.9
Fwd PE 17.96
IG.MI Price Earnings VS Forward Price EarningsIG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • IG'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 IG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 19.48
EV/EBITDA 8.27
IG.MI Per share dataIG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -5 -10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IG does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of IG may justify a higher PE ratio.
  • IG's earnings are expected to grow with 16.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.38
PEG (5Y)4.19
EPS Next 2Y12.84%
EPS Next 3Y16.47%

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

7

5. IG.MI Dividend Analysis

5.1 Amount

  • IG has a Yearly Dividend Yield of 4.15%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.66, IG is paying slightly less dividend.
  • IG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.15%

5.2 History

  • The dividend of IG is nicely growing with an annual growth rate of 6.32%!
Dividend Growth(5Y)6.32%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • IG pays out 34.26% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of IG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP34.26%
EPS Next 2Y12.84%
EPS Next 3Y16.47%
IG.MI Yearly Income VS Free CF VS DividendIG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M
IG.MI Dividend Payout.IG.MI Dividend Payout, showing the Payout Ratio.IG.MI Dividend Payout.PayoutRetained Earnings

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IG.MI Fundamentals: All Metrics, Ratios and Statistics

ITALGAS SPA

BIT:IG (4/28/2026, 12:51:03 PM)

10.307

+0.05 (+0.46%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-04
Earnings (Next)05-05
Inst Owners37.02%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap10.48B
Revenue(TTM)4.77B
Net Income(TTM)1.02B
Analysts75.83
Price Target10.72 (4.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.15%
Yearly Dividend0.37
Dividend Growth(5Y)6.32%
DP34.26%
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)1
Avg Revenue beat(2)-1.35%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)0.35%
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)2.53%
PT rev (3m)9.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.37%
EPS NY rev (3m)-3.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.75%
Revenue NY rev (3m)1.62%
Valuation
Industry RankSector Rank
PE 22.9
Fwd PE 17.96
P/S 2.2
P/FCF 19.48
P/OCF 6.45
P/B 2.74
P/tB N/A
EV/EBITDA 8.27
EPS(TTM)0.45
EY4.37%
EPS(NY)0.57
Fwd EY5.57%
FCF(TTM)0.53
FCFY5.13%
OCF(TTM)1.6
OCFY15.51%
SpS4.7
BVpS3.76
TBVpS-10.73
PEG (NY)2.38
PEG (5Y)4.19
Graham Number6.16808 (-40.16%)
Profitability
Industry RankSector Rank
ROA 5.39%
ROE 26.65%
ROCE 11.65%
ROIC 8.52%
ROICexc 8.82%
ROICexgc 152.27%
OM 39.27%
PM (TTM) 21.33%
GM 69.71%
FCFM 11.27%
ROA(3y)3.83%
ROA(5y)3.75%
ROE(3y)18.79%
ROE(5y)18.97%
ROIC(3y)5.81%
ROIC(5y)5.42%
ROICexc(3y)6.02%
ROICexc(5y)5.78%
ROICexgc(3y)84.12%
ROICexgc(5y)N/A
ROCE(3y)8.15%
ROCE(5y)7.52%
ROICexgc growth 3Y15.6%
ROICexgc growth 5YN/A
ROICexc growth 3Y6.5%
ROICexc growth 5Y-1.81%
OM growth 3Y8.52%
OM growth 5Y3.8%
PM growth 3Y0.89%
PM growth 5Y0.5%
GM growth 3Y0.64%
GM growth 5Y0.17%
F-Score4
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF 21.23
Debt/EBITDA 4.09
Cap/Depr 156.88%
Cap/Sales 22.78%
Interest Coverage 10.36
Cash Conversion 63.3%
Profit Quality 52.83%
Current Ratio 0.82
Quick Ratio 0.8
Altman-Z 1.07
F-Score4
WACC4.92%
ROIC/WACC1.73
Cap/Depr(3y)162.73%
Cap/Depr(5y)167.03%
Cap/Sales(3y)33.54%
Cap/Sales(5y)35.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50%
EPS 3Y-30.18%
EPS 5Y5.46%
EPS Q2Q%10.89%
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y16.47%
EPS Next 5Y12.81%
Revenue 1Y (TTM)45.29%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%-48.49%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y20.49%
Revenue Next 5Y15.63%
EBIT growth 1Y53.19%
EBIT growth 3Y27.12%
EBIT growth 5Y15.49%
EBIT Next Year79.04%
EBIT Next 3Y27.21%
EBIT Next 5Y18.2%
FCF growth 1Y160.99%
FCF growth 3YN/A
FCF growth 5Y105.68%
OCF growth 1Y47.91%
OCF growth 3Y43.65%
OCF growth 5Y16.36%

ITALGAS SPA / IG.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ITALGAS SPA?

ChartMill assigns a fundamental rating of 5 / 10 to IG.MI.


Can you provide the valuation status for ITALGAS SPA?

ChartMill assigns a valuation rating of 2 / 10 to ITALGAS SPA (IG.MI). This can be considered as Overvalued.


Can you provide the profitability details for ITALGAS SPA?

ITALGAS SPA (IG.MI) has a profitability rating of 7 / 10.


What are the PE and PB ratios of ITALGAS SPA (IG.MI) stock?

The Price/Earnings (PE) ratio for ITALGAS SPA (IG.MI) is 22.9 and the Price/Book (PB) ratio is 2.74.


How financially healthy is ITALGAS SPA?

The financial health rating of ITALGAS SPA (IG.MI) is 1 / 10.