ITALGAS SPA (IG.MI) Fundamental Analysis & Valuation

BIT:IG • IT0005211237

Current stock price

10.555 EUR
-0.04 (-0.38%)
Last:

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

7

1. IG.MI Profitability Analysis

1.1 Basic Checks

  • In the past year IG was profitable.
  • In the past year IG had a positive cash flow from operations.
  • IG had positive earnings in each of the past 5 years.
  • 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 2025 0 500M 1B 1.5B

1.2 Ratios

  • IG's Return On Assets of 5.39% is in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
  • With an excellent Return On Equity value of 26.65%, IG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • IG's Return On Invested Capital of 8.52% is fine compared to the rest of the industry. IG outperforms 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 6.49%.
  • The last Return On Invested Capital (8.52%) for IG is above the 3 year average (5.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.39%
ROE 26.65%
ROIC 8.52%
ROA(3y)3.83%
ROA(5y)3.75%
ROE(3y)18.79%
ROE(5y)18.97%
ROIC(3y)5.81%
ROIC(5y)5.42%
IG.MI Yearly ROA, ROE, ROICIG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • IG has a Profit Margin of 21.33%. This is comparable to the rest of the industry: IG outperforms 60.00% of its industry peers.
  • IG's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 39.27%, IG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of IG has grown nicely.
  • Looking at the Gross Margin, with a value of 69.71%, IG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • IG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 39.27%
PM (TTM) 21.33%
GM 69.71%
OM growth 3Y8.52%
OM growth 5Y3.8%
PM growth 3Y0.89%
PM growth 5Y0.5%
GM growth 3Y0.64%
GM growth 5Y0.17%
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 2025 20 40 60 80

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1

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.
  • The number of shares outstanding for IG has been increased compared to 1 year ago.
  • Compared to 5 years ago, IG has more shares outstanding
  • Compared to 1 year ago, IG has a worse debt to assets ratio.
IG.MI Yearly Shares OutstandingIG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
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 2025 5B 10B 15B

2.2 Solvency

  • Based on the Altman-Z score of 1.09, we must say that IG is in the distress zone and has some risk of bankruptcy.
  • IG has a worse Altman-Z score (1.09) than 60.00% of its industry peers.
  • The Debt to FCF ratio of IG is 21.23, which is on the high side as it means it would take IG, 21.23 years of fcf income to pay off all of its debts.
  • IG has a Debt to FCF ratio of 21.23. This is comparable to the rest of the industry: IG outperforms 60.00% of its industry peers.
  • IG has a Debt/Equity ratio of 2.75. This is a high value indicating a heavy dependency on external financing.
  • IG's Debt to Equity ratio of 2.75 is on the low side compared to the rest of the industry. IG is outperformed by 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF 21.23
Altman-Z 1.09
ROIC/WACC1.72
WACC4.96%
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 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • IG has a Current Ratio of 0.82. 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 Current ratio of 0.82 is in line compared to the rest of the industry. IG outperforms 60.00% of its industry peers.
  • A Quick Ratio of 0.80 indicates that IG may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.80, IG perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.8
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 2025 1B 2B 3B

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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.
  • 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 45.29%.
  • 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%10.89%
Revenue 1Y (TTM)45.29%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%-48.49%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.81% on average over the next years. This is quite good.
  • Based on estimates for the next years, IG will show a quite strong growth in Revenue. The Revenue will grow by 15.52% on average per year.
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y16.47%
EPS Next 5Y12.81%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y20.49%
Revenue Next 5Y15.52%

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.
  • 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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3

4. IG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.46, IG is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of IG indicates a rather expensive valuation: IG more expensive than 80.00% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of IG to the average of the S&P500 Index (26.86), we can say IG is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 18.39, IG is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings 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 an average S&P500 Price/Forward Earnings ratio of 37.39, IG is valued rather cheaply.
Industry RankSector Rank
PE 23.46
Fwd PE 18.39
IG.MI Price Earnings VS Forward Price EarningsIG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • IG's Enterprise Value to EBITDA is on the same level as the industry average.
  • IG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 19.95
EV/EBITDA 8.39
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 an expensive valuation of the company.
  • IG has a very decent profitability rating, which may justify a higher PE ratio.
  • IG's earnings are expected to grow with 16.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.44
PEG (5Y)4.29
EPS Next 2Y12.84%
EPS Next 3Y16.47%

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7

5. IG.MI Dividend Analysis

5.1 Amount

  • IG has a Yearly Dividend Yield of 4.08%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.22, IG's dividend is way lower than its industry peers. On top of this 80.00% of the companies listed in the same industry pay a better dividend than IG!
  • IG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.08%

5.2 History

  • The dividend of IG is nicely growing with an annual growth rate of 6.32%!
Dividend Growth(5Y)6.32%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 34.26% 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.
DP34.26%
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 2025 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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IG.MI Fundamentals: All Metrics, Ratios and Statistics

ITALGAS SPA

BIT:IG (4/10/2026, 7:00:00 PM)

10.555

-0.04 (-0.38%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-04
Earnings (Next)05-05
Inst Owners37.02%
Inst Owner ChangeN/A
Ins Owners3.38%
Ins Owner ChangeN/A
Market Cap10.73B
Revenue(TTM)4.77B
Net Income(TTM)1.02B
Analysts75.83
Price Target10.72 (1.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.08%
Yearly Dividend0.37
Dividend Growth(5Y)6.32%
DP34.26%
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)1
Avg Revenue beat(2)-1.35%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)0.35%
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)2.53%
PT rev (3m)8.94%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.37%
EPS NY rev (3m)-3.92%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)1.07%
Valuation
Industry RankSector Rank
PE 23.46
Fwd PE 18.39
P/S 2.25
P/FCF 19.95
P/OCF 6.6
P/B 2.81
P/tB N/A
EV/EBITDA 8.39
EPS(TTM)0.45
EY4.26%
EPS(NY)0.57
Fwd EY5.44%
FCF(TTM)0.53
FCFY5.01%
OCF(TTM)1.6
OCFY15.15%
SpS4.7
BVpS3.76
TBVpS-10.73
PEG (NY)2.44
PEG (5Y)4.29
Graham Number6.17
Profitability
Industry RankSector Rank
ROA 5.39%
ROE 26.65%
ROCE 11.65%
ROIC 8.52%
ROICexc 8.82%
ROICexgc 152.27%
OM 39.27%
PM (TTM) 21.33%
GM 69.71%
FCFM 11.27%
ROA(3y)3.83%
ROA(5y)3.75%
ROE(3y)18.79%
ROE(5y)18.97%
ROIC(3y)5.81%
ROIC(5y)5.42%
ROICexc(3y)6.02%
ROICexc(5y)5.78%
ROICexgc(3y)84.12%
ROICexgc(5y)N/A
ROCE(3y)8.15%
ROCE(5y)7.52%
ROICexgc growth 3Y15.6%
ROICexgc growth 5YN/A
ROICexc growth 3Y6.5%
ROICexc growth 5Y-1.81%
OM growth 3Y8.52%
OM growth 5Y3.8%
PM growth 3Y0.89%
PM growth 5Y0.5%
GM growth 3Y0.64%
GM growth 5Y0.17%
F-Score4
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF 21.23
Debt/EBITDA 4.09
Cap/Depr 156.88%
Cap/Sales 22.78%
Interest Coverage 10.36
Cash Conversion 63.3%
Profit Quality 52.83%
Current Ratio 0.82
Quick Ratio 0.8
Altman-Z 1.09
F-Score4
WACC4.96%
ROIC/WACC1.72
Cap/Depr(3y)162.73%
Cap/Depr(5y)167.03%
Cap/Sales(3y)33.54%
Cap/Sales(5y)35.06%
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%10.89%
EPS Next Y9.62%
EPS Next 2Y12.84%
EPS Next 3Y16.47%
EPS Next 5Y12.81%
Revenue 1Y (TTM)45.29%
Revenue growth 3Y6.24%
Revenue growth 5Y6.8%
Sales Q2Q%-48.49%
Revenue Next Year23.48%
Revenue Next 2Y10.88%
Revenue Next 3Y20.49%
Revenue Next 5Y15.52%
EBIT growth 1Y53.19%
EBIT growth 3Y27.12%
EBIT growth 5Y15.49%
EBIT Next Year79.04%
EBIT Next 3Y27.21%
EBIT Next 5Y18.39%
FCF growth 1Y160.99%
FCF growth 3YN/A
FCF growth 5Y105.68%
OCF growth 1Y47.91%
OCF growth 3Y43.65%
OCF growth 5Y16.36%

ITALGAS SPA / IG.MI Fundamental Analysis 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.


Can you provide the profitability details for ITALGAS SPA?

ITALGAS SPA (IG.MI) has a profitability rating of 7 / 10.


What are the PE and PB ratios of ITALGAS SPA (IG.MI) stock?

The Price/Earnings (PE) ratio for ITALGAS SPA (IG.MI) is 23.46 and the Price/Book (PB) ratio is 2.81.


How financially healthy is ITALGAS SPA?

The financial health rating of ITALGAS SPA (IG.MI) is 1 / 10.