ITALGAS SPA (IG.MI) Stock Fundamental Analysis
Europe - BIT:IG - IT0005211237 - Common Stock
9.28 EUR
-0.01 (-0.05%)
IG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 5 industry peers in the Gas Utilities industry. IG scores excellent on profitability, but there are concerns on its financial health. IG is growing strongly while it is still valued neutral. This is a good combination! IG also has an excellent dividend rating.
1. Profitability
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.
IG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IG's Return On Assets of 4.88% is in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
Looking at the Return On Equity, with a value of 25.06%, IG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
IG has a Return On Invested Capital of 7.59%. This is in the better half of the industry: IG outperforms 80.00% 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 6.35%.
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 of 22.07%. This is comparable to the rest of the industry: IG outperforms 60.00% 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 80.00% of its industry peers.
In the last couple of years the Operating Margin of IG has grown nicely.
The Gross Margin of IG (58.56%) is better than 80.00% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IG is creating some value.
The number of shares outstanding for IG remains at a similar level compared to 1 year ago.
Compared to 5 years ago, IG has more shares outstanding
The debt/assets ratio for IG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.96, we must say that IG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.96, IG is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of IG is 33.56, which is on the high side as it means it would take IG, 33.56 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 33.56, IG is in line with its industry, outperforming 60.00% of the companies in the same industry.
A Debt/Equity ratio of 3.07 is on the high side and indicates that IG has dependencies on debt financing.
IG has a worse Debt to Equity ratio (3.07) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Altman-Z | 0.96 |
ROIC/WACC1.46
WACC5.19%
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.
The Current ratio of IG (0.81) is worse than 60.00% of its industry peers.
A Quick Ratio of 0.77 indicates that IG may have some problems paying its short term obligations.
IG's Quick ratio of 0.77 is in line compared to the rest of the industry. IG outperforms 60.00% 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 23.00% 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 1.45% on average per year.
The Revenue has grown by 22.05% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 6.37% on average over the past years.
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 9.73% on average per year.
The Revenue is expected to grow by 12.85% on average over the next years. This is quite good.
EPS Next Y18.6%
EPS Next 2Y13.61%
EPS Next 3Y11.64%
EPS Next 5Y9.73%
Revenue Next Year38.85%
Revenue Next 2Y24.64%
Revenue Next 3Y17.91%
Revenue Next 5Y12.85%
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
The Price/Earnings ratio is 8.92, which indicates a very decent valuation of IG.
Compared to the rest of the industry, the Price/Earnings ratio of IG is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 25.67, IG is valued rather cheaply.
IG is valuated correctly with a Price/Forward Earnings ratio of 12.53.
80.00% of the companies in the same industry are more expensive than IG, based on the Price/Forward Earnings ratio.
IG is valuated cheaply when we compare the Price/Forward Earnings ratio to 31.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.92 | ||
| Fwd PE | 12.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IG is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
IG's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.8 | ||
| EV/EBITDA | 9.7 |
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.
The decent profitability rating of IG may justify a higher PE ratio.
PEG (NY)0.48
PEG (5Y)6.14
EPS Next 2Y13.61%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
IG has a Yearly Dividend Yield of 4.39%, which is a nice return.
Compared to an average industry Dividend Yield of 4.94, IG is paying slightly less dividend.
IG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.39% |
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
39.58% of the earnings are spent on dividend by IG. This is a low number and sustainable payout ratio.
The dividend of IG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.58%
EPS Next 2Y13.61%
EPS Next 3Y11.64%
BIT:IG (11/6/2025, 7:00:00 PM)
9.28
-0.01 (-0.05%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners32.41%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap9.42B
Revenue(TTM)3.95B
Net Income(TTM)871.52M
Analysts80.87
Price Target8.45 (-8.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.39% |
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)10.5%
PT rev (3m)19.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)5.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.92 | ||
| Fwd PE | 12.53 | ||
| P/S | 2.38 | ||
| P/FCF | 27.8 | ||
| P/OCF | 7.2 | ||
| P/B | 2.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.7 |
EPS(TTM)1.04
EY11.21%
EPS(NY)0.74
Fwd EY7.98%
FCF(TTM)0.33
FCFY3.6%
OCF(TTM)1.29
OCFY13.89%
SpS3.89
BVpS3.43
TBVpS-10.65
PEG (NY)0.48
PEG (5Y)6.14
Graham Number8.95
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 | 0.96 |
F-Score4
WACC5.19%
ROIC/WACC1.46
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 Y18.6%
EPS Next 2Y13.61%
EPS Next 3Y11.64%
EPS Next 5Y9.73%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y5.71%
Revenue growth 5Y6.37%
Sales Q2Q%266.82%
Revenue Next Year38.85%
Revenue Next 2Y24.64%
Revenue Next 3Y17.91%
Revenue Next 5Y12.85%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year130.41%
EBIT Next 3Y40.19%
EBIT Next 5Y25.44%
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.
What is the valuation status of ITALGAS SPA (IG.MI) stock?
ChartMill assigns a valuation rating of 5 / 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 7 / 10.
How financially healthy is ITALGAS SPA?
The financial health rating of ITALGAS SPA (IG.MI) is 2 / 10.
Is the dividend of ITALGAS SPA sustainable?
The dividend rating of ITALGAS SPA (IG.MI) is 7 / 10 and the dividend payout ratio is 39.58%.