ITALGAS SPA (IG.MI) Stock Fundamental Analysis
Europe - BIT:IG - IT0005211237 - Common Stock
8.455 EUR
+0.02 (+0.24%)
IG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 4 industry peers in the Gas Utilities industry. IG scores excellent on profitability, but there are concerns on its financial health. IG is evaluated to be cheap and growing strongly. This does not happen too often! Finally 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.
In the past 5 years IG has always been profitable.
IG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IG has a Return On Assets (4.88%) which is in line with its industry peers.
The Return On Equity of IG (25.06%) is better than 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.59%, IG is in the better half of 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 6.52%.
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
Looking at the Profit Margin, with a value of 22.07%, IG is in line with its industry, outperforming 50.00% of the companies in the same industry.
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.
The Gross Margin of IG (58.56%) is better 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
IG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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
The debt/assets ratio for IG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.92, we must say that IG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.92, IG is not doing good in the industry: 75.00% 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.
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 | 0.92 |
ROIC/WACC1.51
WACC5.03%
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 comparable to the rest of the industry.
A Quick Ratio of 0.77 indicates that IG may have some problems paying 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
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.
IG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.45% yearly.
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
IG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.73% yearly.
Based on estimates for the next years, IG will show a quite strong growth in Revenue. The Revenue will grow by 12.85% on average per year.
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
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 8.13, which indicates a very decent valuation of IG.
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 (27.69), we can say IG is valued rather cheaply.
The Price/Forward Earnings ratio is 11.42, which indicates a very decent valuation of IG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IG indicates a somewhat cheap valuation: IG is cheaper than 75.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.18, IG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 11.42 |
4.2 Price Multiples
IG's Enterprise Value to EBITDA is on the same level as the industry average.
75.00% of the companies in the same industry are more expensive than IG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.33 | ||
| EV/EBITDA | 9.28 |
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.
IG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.44
PEG (5Y)5.59
EPS Next 2Y13.61%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.84%, IG is a good candidate for dividend investing.
IG's Dividend Yield is comparable with the industry average which is at 5.42.
IG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.84% |
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 (10/20/2025, 7:00:00 PM)
8.455
+0.02 (+0.24%)
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 Cap8.58B
Analysts80.87
Price Target7.85 (-7.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.84% |
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)2.67%
PT rev (3m)10.8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.27%
EPS NY rev (3m)5.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)9.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 11.42 | ||
| P/S | 2.17 | ||
| P/FCF | 25.33 | ||
| P/OCF | 6.56 | ||
| P/B | 2.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.28 |
EPS(TTM)1.04
EY12.3%
EPS(NY)0.74
Fwd EY8.76%
FCF(TTM)0.33
FCFY3.95%
OCF(TTM)1.29
OCFY15.25%
SpS3.89
BVpS3.43
TBVpS-10.65
PEG (NY)0.44
PEG (5Y)5.59
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 | 0.92 |
F-Score4
WACC5.03%
ROIC/WACC1.51
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%