ITALGAS SPA (IG.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:IG - IT0005211237 - Common Stock
9.165 EUR
-0.08 (-0.87%)
Overall IG gets a fundamental rating of 5 out of 10. We evaluated IG against 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 priced too expensively while it is growing strongly. Keep and eye on this one! Finally 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.
In the past 5 years IG has always been profitable.
In the past 5 years IG always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of IG (4.88%) is worse 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.
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.
IG had an Average Return On Invested Capital over the past 3 years of 5.76%. This 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.
The Operating Margin of IG (38.76%) is better than 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.
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
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.
IG has a worse Altman-Z score (0.96) than 75.00% 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.
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'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 | 0.96 |
ROIC/WACC1.48
WACC5.12%
2.3 Liquidity
A Current Ratio of 0.81 indicates that IG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.81, IG is doing worse than 75.00% of the companies in the same 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.
The Quick ratio of IG (0.77) is better than 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.
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
The Earnings Per Share is expected to grow by 12.19% on average over the next years. This is quite good.
IG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.28% yearly.
EPS Next Y2.93%
EPS Next 2Y9.34%
EPS Next 3Y13.37%
EPS Next 5Y12.19%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y19.73%
Revenue Next 5Y15.28%
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
The Price/Earnings ratio is 19.09, which indicates a rather expensive current valuation of IG.
Compared to the rest of the industry, the Price/Earnings ratio of IG indicates a slightly more expensive valuation: IG is more expensive than 75.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.59, IG is valued a bit cheaper.
With a Price/Forward Earnings ratio of 15.97, IG is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IG is on the same level as its industry peers.
IG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.09 | ||
| Fwd PE | 15.97 |
4.2 Price Multiples
IG's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IG indicates a somewhat cheap valuation: IG is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.48 | ||
| EV/EBITDA | 9.68 |
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 13.37% in the coming years.
PEG (NY)6.51
PEG (5Y)3.5
EPS Next 2Y9.34%
EPS Next 3Y13.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.36%, IG is a good candidate for dividend investing.
IG's Dividend Yield is slightly below the industry average, which is at 5.12.
Compared to an average S&P500 Dividend Yield of 2.31, IG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
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.
The dividend of IG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.58%
EPS Next 2Y9.34%
EPS Next 3Y13.37%
BIT:IG (12/11/2025, 2:27:41 PM)
9.165
-0.08 (-0.87%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners33.15%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap9.31B
Revenue(TTM)4.17B
Net Income(TTM)871.52M
Analysts77.5
Price Target9.84 (7.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
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)16.38%
PT rev (3m)28.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.99%
EPS NY rev (3m)2.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)1.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.09 | ||
| Fwd PE | 15.97 | ||
| P/S | 2.36 | ||
| P/FCF | 27.48 | ||
| P/OCF | 7.12 | ||
| P/B | 2.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.68 |
EPS(TTM)0.48
EY5.24%
EPS(NY)0.57
Fwd EY6.26%
FCF(TTM)0.33
FCFY3.64%
OCF(TTM)1.29
OCFY14.05%
SpS3.89
BVpS3.42
TBVpS-10.65
PEG (NY)6.51
PEG (5Y)3.5
Graham Number6.08
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
WACC5.12%
ROIC/WACC1.48
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 Y2.93%
EPS Next 2Y9.34%
EPS Next 3Y13.37%
EPS Next 5Y12.19%
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 3Y19.73%
Revenue Next 5Y15.28%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year134.68%
EBIT Next 3Y42.13%
EBIT Next 5Y26.54%
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 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.
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%.