ITALGAS SPA (IG.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:IG - IT0005211237 - Common Stock
9.6 EUR
-0.01 (-0.05%)
Taking everything into account, IG scores 5 out of 10 in our fundamental rating. IG was compared to 4 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 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
In the past year IG was profitable.
IG had a positive operating cash flow in the past year.
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's Return On Assets of 4.88% is on the low side compared to the rest of the industry. IG is outperformed by 75.00% 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.
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.
The Average Return On Invested Capital over the past 3 years for IG is in line with the industry average of 6.63%.
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's Profit Margin of 22.07% is in line compared to the rest of the industry. IG outperforms 50.00% of its industry peers.
IG's Profit Margin has declined in the last couple of years.
IG has a Operating Margin of 38.76%. This is in the better half of the industry: IG outperforms 75.00% of its industry peers.
IG's Operating Margin has improved in the last couple of years.
IG's Gross Margin of 58.56% is fine compared to the rest of the industry. IG outperforms 75.00% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IG is still 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
IG has an Altman-Z score of 0.97. This is a bad value and indicates that IG is not financially healthy and even has some risk of bankruptcy.
IG has a Altman-Z score of 0.97. This is in the lower half of the industry: IG underperforms 75.00% of its industry peers.
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 has a better Debt to FCF ratio (33.56) than 75.00% 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.
With a Debt to Equity ratio value of 3.07, IG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.07 | ||
| Debt/FCF | 33.56 | ||
| Altman-Z | 0.97 |
ROIC/WACC1.47
WACC5.18%
2.3 Liquidity
A Current Ratio of 0.81 indicates that IG may have some problems paying its short term obligations.
IG's Current ratio of 0.81 is on the low side compared to the rest of the industry. IG is outperformed by 75.00% 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's Quick ratio of 0.77 is fine compared to the rest of the industry. IG outperforms 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.
The Earnings Per Share has been growing slightly by 5.46% on average over the past years.
Looking at the last year, IG shows a very strong growth in Revenue. The Revenue has grown by 27.28%.
Measured over the past years, IG shows a small growth in Revenue. The Revenue has been growing by 6.80% on average per year.
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 11.52% 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 15.31% yearly.
EPS Next Y2.93%
EPS Next 2Y9.34%
EPS Next 3Y13%
EPS Next 5Y11.52%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y19.78%
Revenue Next 5Y15.31%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.00, the valuation of IG can be described as rather expensive.
75.00% of the companies in the same industry are cheaper than IG, based on the Price/Earnings ratio.
IG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
IG is valuated correctly with a Price/Forward Earnings ratio of 16.73.
The rest of the industry has a similar Price/Forward Earnings ratio as IG.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.12, IG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20 | ||
| Fwd PE | 16.73 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as IG.
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 | 28.76 | ||
| EV/EBITDA | 9.85 |
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.
IG's earnings are expected to grow with 13.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.82
PEG (5Y)3.66
EPS Next 2Y9.34%
EPS Next 3Y13%
5. Dividend
5.1 Amount
IG has a Yearly Dividend Yield of 4.19%, which is a nice return.
Compared to an average industry Dividend Yield of 5.05, IG is paying slightly less dividend.
IG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
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 2Y9.34%
EPS Next 3Y13%
BIT:IG (11/27/2025, 5:35:15 PM)
9.6
-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 Cap9.74B
Revenue(TTM)4.17B
Net Income(TTM)871.52M
Analysts79.17
Price Target9.75 (1.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
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)24.21%
PT rev (3m)27.53%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.76%
EPS NY rev (3m)1.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)1.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20 | ||
| Fwd PE | 16.73 | ||
| P/S | 2.47 | ||
| P/FCF | 28.76 | ||
| P/OCF | 7.45 | ||
| P/B | 2.8 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.85 |
EPS(TTM)0.48
EY5%
EPS(NY)0.57
Fwd EY5.98%
FCF(TTM)0.33
FCFY3.48%
OCF(TTM)1.29
OCFY13.43%
SpS3.89
BVpS3.43
TBVpS-10.65
PEG (NY)6.82
PEG (5Y)3.66
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 | 0.97 |
F-Score4
WACC5.18%
ROIC/WACC1.47
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%
EPS Next 5Y11.52%
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 3Y19.78%
Revenue Next 5Y15.31%
EBIT growth 1Y34.47%
EBIT growth 3Y11.89%
EBIT growth 5Y9.35%
EBIT Next Year130.41%
EBIT Next 3Y40.19%
EBIT Next 5Y25.36%
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%.