ITALGAS SPA (IG.MI) Stock Fundamental Analysis

BIT:IG • IT0005211237

10.94 EUR
-0.16 (-1.44%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

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 has a medium profitability rating, but doesn't score so well on its financial health evaluation. IG shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

6

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.
  • 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 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of IG (4.88%) is worse than 60.00% of its industry peers.
  • The Return On Equity of IG (25.06%) is better than 100.00% of its industry peers.
  • IG has a better Return On Invested Capital (7.59%) than 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 6.44%.
  • 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 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

  • 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.
  • 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 80.00% of its industry peers.
  • IG's Operating Margin has improved in the last couple of years.
  • IG has a Gross Margin of 58.56%. This is in the better half of the industry: IG outperforms 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 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IG is still creating some value.
  • IG has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for IG has been increased compared to 5 years ago.
  • 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

  • IG has an Altman-Z score of 1.04. 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 1.04, IG is not doing good in the industry: 80.00% 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 in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
  • A Debt/Equity ratio of 3.07 is on the high side and indicates that IG has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 3.07, IG is doing worse than 80.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.07
Debt/FCF 33.56
Altman-Z 1.04
ROIC/WACC1.4
WACC5.43%
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

  • A Current Ratio of 0.81 indicates that IG may have some problems paying its short term obligations.
  • IG has a Current ratio of 0.81. This is amonst the worse of the industry: IG underperforms 80.00% of its industry peers.
  • 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 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

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

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 50.00% over the past year.
  • IG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.46% yearly.
  • Looking at the last year, IG shows a very strong growth in Revenue. 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 13.53% on average per year.
  • Based on estimates for the next years, IG will show a quite strong growth in Revenue. The Revenue will grow by 15.16% on average per year.
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 3Y19.67%
Revenue Next 5Y15.16%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 24.31, which indicates a rather expensive current valuation of IG.
  • Based on the Price/Earnings ratio, IG is valued more expensive than 80.00% of the companies in the same industry.
  • IG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.10.
  • IG is valuated rather expensively with a Price/Forward Earnings ratio of 19.06.
  • The rest of the industry has a similar Price/Forward Earnings ratio as IG.
  • IG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 24.31
Fwd PE 19.06
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 indicates a slightly more expensive valuation: IG is more expensive than 60.00% of the companies listed in the same industry.
  • 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 32.8
EV/EBITDA 10.58
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.
  • A more expensive valuation may be justified as IG's earnings are expected to grow with 15.81% in the coming years.
PEG (NY)2.53
PEG (5Y)4.45
EPS Next 2Y12.84%
EPS Next 3Y15.81%

More info and screens

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

6

5. Dividend

5.1 Amount

  • IG has a Yearly Dividend Yield of 3.66%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 4.43, IG is paying slightly less dividend.
  • IG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.66%

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%
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

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ITALGAS SPA

BIT:IG (2/27/2026, 7:00:00 PM)

10.94

-0.16 (-1.44%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)10-28
Earnings (Next)N/A
Inst Owners33.58%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap11.11B
Revenue(TTM)4.17B
Net Income(TTM)871.52M
Analysts75.83
Price Target10.45 (-4.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.66%
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)1.87%
PT rev (3m)2.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.27%
Valuation
Industry RankSector Rank
PE 24.31
Fwd PE 19.06
P/S 2.81
P/FCF 32.8
P/OCF 8.49
P/B 3.2
P/tB N/A
EV/EBITDA 10.58
EPS(TTM)0.45
EY4.11%
EPS(NY)0.57
Fwd EY5.25%
FCF(TTM)0.33
FCFY3.05%
OCF(TTM)1.29
OCFY11.77%
SpS3.89
BVpS3.42
TBVpS-10.64
PEG (NY)2.53
PEG (5Y)4.45
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 1.04
F-Score4
WACC5.43%
ROIC/WACC1.4
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 3Y19.67%
Revenue Next 5Y15.16%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year134.8%
EBIT Next 3Y42.13%
EBIT Next 5Y25.73%
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 2 / 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 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.