ITALGAS SPA (IG.MI) Stock Fundamental Analysis
Europe - BIT:IG - IT0005211237 - Common Stock
7.535 EUR
-0.08 (-0.99%)
Overall IG gets a fundamental rating of 6 out of 10. We evaluated IG against 4 industry peers in the Gas Utilities industry. While IG has a great profitability rating, there are quite some concerns on its financial health. An interesting combination arises when we look at growth and value: IG is growing strongly while it also seems undervalued. IG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
IG had positive earnings in the past year.
In the past year IG had a positive cash flow from operations.
Each year in the past 5 years IG has been profitable.
Each year in the past 5 years IG had a positive operating cash flow.
1.2 Ratios
IG has a Return On Assets of 4.88%. This is comparable to the rest of the industry: IG outperforms 50.00% of its industry peers.
IG has a Return On Equity of 25.06%. This is amongst the best in the industry. IG outperforms 100.00% of its industry peers.
With a decent Return On Invested Capital value of 7.59%, IG is doing good in the industry, outperforming 75.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for IG is in line with the industry average of 6.52%.
The 3 year average ROIC (5.76%) for IG is below the current ROIC(7.59%), indicating increased profibility in the last year.
| 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 has a Profit Margin (22.07%) which is in line with its industry peers.
IG's Profit Margin has declined in the last couple of years.
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.
IG has a better Gross Margin (58.56%) than 75.00% of its industry peers.
IG's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IG is creating some value.
IG has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, IG has more shares outstanding
IG has a better debt/assets ratio than last year.
2.2 Solvency
IG has an Altman-Z score of 0.89. 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 0.89, 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's Debt to FCF ratio of 33.56 is fine compared to the rest 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 has a Debt to Equity ratio of 3.07. This is in the lower half of the industry: IG underperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Altman-Z | 0.89 |
ROIC/WACC1.58
WACC4.82%
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 Current ratio (0.81) which is comparable to the rest of the industry.
IG has a Quick 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 better Quick ratio (0.77) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
IG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.00%, which is quite impressive.
The Earnings Per Share has been growing slightly by 1.45% on average over the past years.
IG shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.05%.
IG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.37% yearly.
EPS 1Y (TTM)23%
EPS 3Y7.35%
EPS 5Y1.45%
EPS Q2Q%41.38%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y5.71%
Revenue growth 5Y6.37%
Sales Q2Q%266.82%
3.2 Future
Based on estimates for the next years, IG will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.31% on average per year.
The Revenue is expected to grow by 12.60% on average over the next years. This is quite good.
EPS Next Y18.93%
EPS Next 2Y12.52%
EPS Next 3Y11.5%
EPS Next 5Y9.31%
Revenue Next Year38.96%
Revenue Next 2Y24.64%
Revenue Next 3Y17.93%
Revenue Next 5Y12.6%
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.
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
Based on the Price/Earnings ratio of 7.25, the valuation of IG can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of IG indicates a rather cheap valuation: IG is cheaper than 100.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of IG to the average of the S&P500 Index (27.27), we can say IG is valued rather cheaply.
The Price/Forward Earnings ratio is 10.37, which indicates a very decent valuation of IG.
IG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. IG is cheaper than 75.00% of the companies in the same industry.
IG is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.25 | ||
| Fwd PE | 10.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IG is valued a bit cheaper than 75.00% of the companies in the same industry.
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 | 22.57 | ||
| EV/EBITDA | 8.89 |
4.3 Compensation for Growth
IG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
IG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.38
PEG (5Y)4.98
EPS Next 2Y12.52%
EPS Next 3Y11.5%
5. Dividend
5.1 Amount
IG has a Yearly Dividend Yield of 5.32%, which is a nice return.
IG's Dividend Yield is comparable with the industry average which is at 5.76.
Compared to an average S&P500 Dividend Yield of 2.38, IG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
5.2 History
The dividend of IG is nicely growing with an annual growth rate of 6.22%!
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 2Y12.52%
EPS Next 3Y11.5%
BIT:IG (9/16/2025, 4:07:09 PM)
7.535
-0.08 (-0.99%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners30.66%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap7.65B
Analysts80.91
Price Target7.65 (1.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
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%
PT rev (3m)5.57%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.38%
EPS NY rev (3m)5.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.15%
Revenue NY rev (3m)9.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.25 | ||
| Fwd PE | 10.37 | ||
| P/S | 1.94 | ||
| P/FCF | 22.57 | ||
| P/OCF | 5.84 | ||
| P/B | 2.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.89 |
EPS(TTM)1.04
EY13.8%
EPS(NY)0.73
Fwd EY9.64%
FCF(TTM)0.33
FCFY4.43%
OCF(TTM)1.29
OCFY17.11%
SpS3.89
BVpS3.43
TBVpS-10.65
PEG (NY)0.38
PEG (5Y)4.98
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%
ROICexcg growth 3YN/A
ROICexcg 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 | 0.89 |
F-Score4
WACC4.82%
ROIC/WACC1.58
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)23%
EPS 3Y7.35%
EPS 5Y1.45%
EPS Q2Q%41.38%
EPS Next Y18.93%
EPS Next 2Y12.52%
EPS Next 3Y11.5%
EPS Next 5Y9.31%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y5.71%
Revenue growth 5Y6.37%
Sales Q2Q%266.82%
Revenue Next Year38.96%
Revenue Next 2Y24.64%
Revenue Next 3Y17.93%
Revenue Next 5Y12.6%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year112.73%
EBIT Next 3Y37.6%
EBIT Next 5Y25.1%
FCF growth 1Y190.01%
FCF growth 3Y117.41%
FCF growth 5Y51.61%
OCF growth 1Y219.31%
OCF growth 3Y9.38%
OCF growth 5Y8.67%