ITALGAS SPA (IG.MI) Fundamental Analysis & Valuation

BIT:IG • IT0005211237

10.195 EUR
+0.04 (+0.44%)
Last: Mar 13, 2026, 12:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

5

IG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 6 industry peers in the Gas Utilities industry. IG has an excellent profitability rating, but there are concerns on its financial health. IG is valued quite expensively, but it does show have an excellent growth rating. Finally IG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. IG.MI Profitability Analysis

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.
  • IG had a positive operating cash flow in each of the past 5 years.
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 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of IG (4.88%) is worse than 66.67% of its industry peers.
  • With an excellent Return On Equity value of 25.06%, IG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • The Return On Invested Capital of IG (7.59%) is better than 66.67% 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 7.12%.
  • The 3 year average ROIC (5.76%) for IG is below the current ROIC(7.59%), indicating increased profibility in the last year.
Industry RankSector 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%
IG.MI Yearly ROA, ROE, ROICIG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • Looking at the Profit Margin, with a value of 22.07%, IG is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of IG has declined.
  • IG's Operating Margin of 38.76% is amongst the best of the industry. IG outperforms 83.33% of its industry peers.
  • In the last couple of years the Operating Margin of IG has grown nicely.
  • With an excellent Gross Margin value of 58.56%, IG belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • IG's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
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 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 1 year ago, IG has about the same amount of shares outstanding.
  • Compared to 5 years ago, IG has more shares outstanding
  • Compared to 1 year ago, IG has an improved debt to assets ratio.
IG.MI Yearly Shares OutstandingIG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
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 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.00, we must say that IG is in the distress zone and has some risk of bankruptcy.
  • IG's Altman-Z score of 1.00 is on the low side compared to the rest of the industry. IG is outperformed by 83.33% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 33.56, IG is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • IG has a Debt/Equity ratio of 3.07. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 3.07, IG is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 3.07
Debt/FCF 33.56
Altman-Z 1
ROIC/WACC1.43
WACC5.31%
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 0 2B 4B 6B

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 of 0.81. This is amonst the worse of the industry: IG underperforms 83.33% 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 (0.77) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.77
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 1B 2B 3B

More info and screens

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.
  • IG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.46% yearly.
  • IG shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.28%.
  • 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%17.13%
Revenue 1Y (TTM)27.28%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%54.19%

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 13.24% on average per year.
  • The Revenue is expected to grow by 15.48% on average over the next years. This is quite good.
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y16.47%
EPS Next 5Y13.24%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y20.49%
Revenue Next 5Y15.48%

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.
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

More info and screens

Find the best growth stocksShow best growing peers

3

4. IG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.66, the valuation of IG can be described as rather expensive.
  • Based on the Price/Earnings ratio, IG is valued expensively inside the industry as 83.33% 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 25.71, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 17.77, IG is valued on the expensive side.
  • IG's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of IG to the average of the S&P500 Index (23.82), we can say IG is valued slightly cheaper.
Industry RankSector Rank
PE 22.66
Fwd PE 17.77
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IG is on the same level as its industry peers.
  • IG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 30.57
EV/EBITDA 10.12
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.
  • 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 16.47% in the coming years.
PEG (NY)2.36
PEG (5Y)4.15
EPS Next 2Y12.84%
EPS Next 3Y16.47%

More info and screens

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

8

5. IG.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.09%, IG is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.64, IG has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, IG pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.09%

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

  • 39.58% of the earnings are spent on dividend by IG. This is a low number and 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 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 0 200M -200M 400M 600M
IG.MI Dividend Payout.IG.MI Dividend Payout, showing the Payout Ratio.IG.MI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

IG.MI Fundamentals: All Metrics, Ratios and Statistics

ITALGAS SPA

BIT:IG (3/13/2026, 12:10:51 PM)

10.195

+0.04 (+0.44%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)10-28
Earnings (Next)N/A
Inst Owners35.89%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap10.35B
Revenue(TTM)4.17B
Net Income(TTM)871.52M
Analysts75.83
Price Target10.45 (2.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.09%
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)4.7%
PT rev (3m)6.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.72%
EPS NY rev (3m)1.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.86%
Revenue NY rev (3m)1.9%
Valuation
Industry RankSector Rank
PE 22.66
Fwd PE 17.77
P/S 2.62
P/FCF 30.57
P/OCF 7.92
P/B 2.98
P/tB N/A
EV/EBITDA 10.12
EPS(TTM)0.45
EY4.41%
EPS(NY)0.57
Fwd EY5.63%
FCF(TTM)0.33
FCFY3.27%
OCF(TTM)1.29
OCFY12.63%
SpS3.89
BVpS3.42
TBVpS-10.64
PEG (NY)2.36
PEG (5Y)4.15
Graham Number5.89
Profitability
Industry RankSector 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 RankSector 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 1
F-Score4
WACC5.31%
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 3Y16.47%
EPS Next 5Y13.24%
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 3Y20.49%
Revenue Next 5Y15.48%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year134.68%
EBIT Next 3Y41.99%
EBIT Next 5Y26.9%
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 3 / 10 to ITALGAS SPA (IG.MI). This can be considered as Overvalued.


How profitable is ITALGAS SPA (IG.MI) stock?

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