ITALGAS SPA (IG.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:IG • IT0005211237
10.09 EUR
+0.05 (+0.5%)
Last: Feb 3, 2026, 11:46 AM
We assign a fundamental rating of 5 out of 10 to IG. IG was compared to 4 industry peers in the Gas Utilities industry. There are concerns on the financial health of IG while its profitability can be described as average. IG is not overvalued while it is showing excellent growth. This is an interesting combination. IG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- IG had positive earnings in the past year.
- IG had a positive operating cash flow in the past year.
- In the past 5 years IG has always been profitable.
- Each year in the past 5 years IG had a positive operating cash flow.
1.2 Ratios
- IG has a worse Return On Assets (4.88%) than 75.00% of its industry peers.
- IG's Return On Equity of 25.06% is amongst the best of the industry. IG outperforms 100.00% of its industry peers.
- IG has a better Return On Invested Capital (7.59%) than 75.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for IG is in line with the industry average of 6.63%.
- The last Return On Invested Capital (7.59%) for IG is above the 3 year average (5.76%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.88% | ||
| ROE | 25.06% | ||
| ROIC | 7.59% |
ROA(3y)3.88%
ROA(5y)3.89%
ROE(3y)19.36%
ROE(5y)19.88%
ROIC(3y)5.76%
ROIC(5y)5.76%
1.3 Margins
- IG's Profit Margin of 22.07% is in line compared to the rest of the industry. IG outperforms 50.00% of its industry peers.
- In the last couple of years the Profit Margin of IG has declined.
- IG's Operating Margin of 38.76% is fine compared to the rest of the industry. IG outperforms 75.00% of its industry peers.
- IG's Operating Margin has improved in the last couple of years.
- With a decent Gross Margin value of 58.56%, IG is doing good in the industry, outperforming 75.00% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.76% | ||
| PM (TTM) | 22.07% | ||
| GM | 58.56% |
OM growth 3Y5.85%
OM growth 5Y2.8%
PM growth 3Y3.77%
PM growth 5Y-3.36%
GM growth 3Y0.16%
GM growth 5Y0.23%
2. Health
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 about the same amout of shares outstanding than it did 1 year ago.
- IG has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for IG has been reduced compared to a year ago.
2.2 Solvency
- IG has an Altman-Z score of 0.99. This is a bad value and indicates that IG is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 0.99, IG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
- IG has a debt to FCF ratio of 33.56. This is a negative value and a sign of low solvency as IG would need 33.56 years to pay back of all of its debts.
- IG has a Debt to FCF ratio of 33.56. This is in the better half of the industry: IG outperforms 75.00% of its industry peers.
- IG has a Debt/Equity ratio of 3.07. This is a high value indicating a heavy dependency on external financing.
- IG's Debt to Equity ratio of 3.07 is on the low side compared to the rest of the industry. IG is outperformed by 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Altman-Z | 0.99 |
ROIC/WACC1.43
WACC5.32%
2.3 Liquidity
- IG has a Current Ratio of 0.81. 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 has a worse Current ratio (0.81) than 75.00% of its industry peers.
- A Quick Ratio of 0.77 indicates that IG may have some problems paying its short term obligations.
- IG has a Quick ratio of 0.77. This is in the better half of the industry: IG outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 50.00% over the past year.
- 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 27.28%.
- Measured over the past years, IG shows a small growth in Revenue. The Revenue has been growing by 6.80% on average per year.
EPS 1Y (TTM)50%
EPS 3Y-30.18%
EPS 5Y5.46%
EPS Q2Q%17.13%
Revenue 1Y (TTM)27.28%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%54.19%
3.2 Future
- The Earnings Per Share is expected to grow by 13.53% on average over the next years. This is quite good.
- The Revenue is expected to grow by 15.29% on average over the next years. This is quite good.
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y15.81%
EPS Next 5Y13.53%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y19.75%
Revenue Next 5Y15.29%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 22.42, IG is valued on the expensive side.
- IG's Price/Earnings ratio is a bit more expensive when compared to the industry. IG is more expensive than 75.00% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.41. IG is valued slightly cheaper when compared to this.
- With a Price/Forward Earnings ratio of 17.58, IG is valued on the expensive side.
- IG's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, IG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.42 | ||
| Fwd PE | 17.58 |
4.2 Price Multiples
- IG's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, IG is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.25 | ||
| EV/EBITDA | 10.06 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- IG has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as IG's earnings are expected to grow with 15.81% in the coming years.
PEG (NY)2.33
PEG (5Y)4.11
EPS Next 2Y12.84%
EPS Next 3Y15.81%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.04%, IG is a good candidate for dividend investing.
- IG's Dividend Yield is slightly below the industry average, which is at 4.87.
- Compared to an average S&P500 Dividend Yield of 1.83, IG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
5.2 History
- On average, the dividend of IG grows each year by 6.22%, which is quite nice.
Dividend Growth(5Y)6.22%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- IG pays out 39.58% of its income as dividend. This is a sustainable payout ratio.
- IG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.58%
EPS Next 2Y12.84%
EPS Next 3Y15.81%
BIT:IG (2/3/2026, 11:46:58 AM)
10.09
+0.05 (+0.5%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)10-28 2025-10-28
Earnings (Next)N/A N/A
Inst Owners33.58%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap10.25B
Revenue(TTM)4.17B
Net Income(TTM)871.52M
Analysts76.67
Price Target9.8 (-2.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
Yearly Dividend0.35
Dividend Growth(5Y)6.22%
DP39.58%
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)-0.38%
PT rev (3m)15.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.31%
EPS NY rev (3m)2.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.42 | ||
| Fwd PE | 17.58 | ||
| P/S | 2.59 | ||
| P/FCF | 30.25 | ||
| P/OCF | 7.83 | ||
| P/B | 2.95 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.06 |
EPS(TTM)0.45
EY4.46%
EPS(NY)0.57
Fwd EY5.69%
FCF(TTM)0.33
FCFY3.31%
OCF(TTM)1.29
OCFY12.77%
SpS3.89
BVpS3.42
TBVpS-10.65
PEG (NY)2.33
PEG (5Y)4.11
Graham Number5.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.88% | ||
| ROE | 25.06% | ||
| ROCE | 9.83% | ||
| ROIC | 7.59% | ||
| ROICexc | 7.78% | ||
| ROICexgc | 122.81% | ||
| OM | 38.76% | ||
| PM (TTM) | 22.07% | ||
| GM | 58.56% | ||
| FCFM | 8.58% |
ROA(3y)3.88%
ROA(5y)3.89%
ROE(3y)19.36%
ROE(5y)19.88%
ROIC(3y)5.76%
ROIC(5y)5.76%
ROICexc(3y)5.99%
ROICexc(5y)6.22%
ROICexgc(3y)75.97%
ROICexgc(5y)N/A
ROCE(3y)7.65%
ROCE(5y)7.56%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y2.21%
ROICexc growth 5Y1.43%
OM growth 3Y5.85%
OM growth 5Y2.8%
PM growth 3Y3.77%
PM growth 5Y-3.36%
GM growth 3Y0.16%
GM growth 5Y0.23%
F-Score4
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Debt/EBITDA | 5.09 | ||
| Cap/Depr | 170.7% | ||
| Cap/Sales | 24.55% | ||
| Interest Coverage | 9.24 | ||
| Cash Conversion | 62.34% | ||
| Profit Quality | 38.87% | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 0.99 |
F-Score4
WACC5.32%
ROIC/WACC1.43
Cap/Depr(3y)164.61%
Cap/Depr(5y)169.68%
Cap/Sales(3y)35.08%
Cap/Sales(5y)36.12%
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%17.13%
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y15.81%
EPS Next 5Y13.53%
Revenue 1Y (TTM)27.28%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%54.19%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y19.75%
Revenue Next 5Y15.29%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year134.8%
EBIT Next 3Y42.13%
EBIT Next 5Y26.17%
FCF growth 1Y190.01%
FCF growth 3Y117.41%
FCF growth 5Y51.61%
OCF growth 1Y219.31%
OCF growth 3Y9.38%
OCF growth 5Y8.67%
ITALGAS SPA / IG.MI 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 4 / 10 to ITALGAS SPA (IG.MI). This can be considered as Fairly Valued.
How profitable is ITALGAS SPA (IG.MI) stock?
ITALGAS SPA (IG.MI) has a profitability rating of 6 / 10.
What is the financial health of ITALGAS SPA (IG.MI) stock?
The financial health rating of ITALGAS SPA (IG.MI) is 2 / 10.
Can you provide the expected EPS growth for IG stock?
The Earnings per Share (EPS) of ITALGAS SPA (IG.MI) is expected to grow by 9.62% in the next year.