Italgas (IG) 주식 개요Italgas S.p.A.는 자회사와 함께 이탈리아, 그리스 및 기타 유럽 연합 국가에서 천연 가스를 유통하는 사업을 하고 있습니다. 자세히 보기IG 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장1/6과거 실적4/6재무 건전성2/6배당3/6강점주가수익률(15.4x)이 Italian 시장(17.4x)보다 낮습니다.수익은 매년 7.8% 증가할 것으로 예상됩니다.지난 1년간 수익이 28.8% 증가했습니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.지난 1년 동안 주주가 희석되었습니다.모든 위험 점검 보기IG Community Fair Values Create NarrativeSee what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN7.1% overvaluedAnalystConsensusTarget•4mo agoRenewable Gas Networks And Digitization Will Support Long Term Earnings Resilience502Top Analyst NarrativesItalgasANAnalystConsensusTargetBased on Analyst Price TargetsRenewable Gas Networks And Digitization Will Support Long Term Earnings ResilienceCatalysts About Italgas Italgas is a European leader in regulated gas, water and energy efficiency infrastructure, focused on digitalized networks that enable the energy transition across Italy and Greece. What are the underlying business or industry changes driving this perspective?View narrative€9.67FV7.1% 고평가 내재 할인율0.35%Revenue growth p.a.Set Fair ValueView5users have viewed this narrative0users have liked this narrative0users have commented on this narrative2users have followed this narrative5 months ago author updated this narrativeView all narrativesItalgas S.p.A. 경쟁사SnamSymbol: BIT:SRGMarket cap: €21.6bAscopiaveSymbol: BIT:ASCMarket cap: €698.0mAcinqueSymbol: BIT:AC5Market cap: €422.3mEdisonSymbol: BIT:EDNRMarket cap: €10.2b가격 이력 및 성과Italgas 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가€10.3652주 최고가€11.3052주 최저가€6.72베타0.691개월 변동0.44%3개월 변동-0.29%1년 변동42.21%3년 변동75.00%5년 변동88.64%IPO 이후 변동160.96%최근 뉴스 및 업데이트Reported Earnings • May 06First quarter 2026 earnings released: EPS: €0.18 (vs €0.21 in 1Q 2025)First quarter 2026 results: EPS: €0.18. Revenue: €661.7m (up 1.0% from 1Q 2025). Net income: €178.9m (up 6.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe.분석 기사 • Mar 29We Think You Should Be Aware Of Some Concerning Factors In Italgas' (BIT:IG) EarningsItalgas S.p.A.'s ( BIT:IG ) healthy profit numbers didn't contain any surprises for investors. We believe that...공지 • Mar 24Italgas S.p.A., Annual General Meeting, Apr 21, 2026Italgas S.p.A., Annual General Meeting, Apr 21, 2026, at 11:00 W. Europe Standard Time.Reported Earnings • Mar 23Full year 2025 earnings released: EPS: €0.71 (vs €0.59 in FY 2024)Full year 2025 results: EPS: €0.71 (up from €0.59 in FY 2024). Revenue: €3.57b (up 43% from FY 2024). Net income: €672.3m (up 40% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Mar 06Dividend increased to €0.43Dividend of €0.43 is 6.4% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Mar 05Italgas S.p.A. announces Annual dividend, payable on May 20, 2026Italgas S.p.A. announced Annual dividend of EUR 0.4320 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.더 많은 업데이트 보기Recent updatesReported Earnings • May 06First quarter 2026 earnings released: EPS: €0.18 (vs €0.21 in 1Q 2025)First quarter 2026 results: EPS: €0.18. Revenue: €661.7m (up 1.0% from 1Q 2025). Net income: €178.9m (up 6.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe.분석 기사 • Mar 29We Think You Should Be Aware Of Some Concerning Factors In Italgas' (BIT:IG) EarningsItalgas S.p.A.'s ( BIT:IG ) healthy profit numbers didn't contain any surprises for investors. We believe that...공지 • Mar 24Italgas S.p.A., Annual General Meeting, Apr 21, 2026Italgas S.p.A., Annual General Meeting, Apr 21, 2026, at 11:00 W. Europe Standard Time.Reported Earnings • Mar 23Full year 2025 earnings released: EPS: €0.71 (vs €0.59 in FY 2024)Full year 2025 results: EPS: €0.71 (up from €0.59 in FY 2024). Revenue: €3.57b (up 43% from FY 2024). Net income: €672.3m (up 40% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Mar 06Dividend increased to €0.43Dividend of €0.43 is 6.4% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Mar 05Italgas S.p.A. announces Annual dividend, payable on May 20, 2026Italgas S.p.A. announced Annual dividend of EUR 0.4320 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.공지 • Feb 19Italgas S.p.A. to Report Fiscal Year 2025 Results on Mar 04, 2026Italgas S.p.A. announced that they will report fiscal year 2025 results Pre-Market on Mar 04, 2026공지 • Jan 23+ 2 more updatesItalgas S.p.A. to Report Nine Months, 2026 Results on Oct 29, 2026Italgas S.p.A. announced that they will report nine months, 2026 results on Oct 29, 2026Price Target Changed • Nov 03Price target increased by 9.2% to €9.07Up from €8.30, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €9.30. Stock is up 65% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.59 last year.Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.17. Revenue: €238.8m (down 45% from 3Q 2024). Net income: €176.8m (up 47% from 3Q 2024). Profit margin: 74% (up from 28% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Oct 31Price target increased by 11% to €8.67Up from €7.84, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €9.09. Stock is up 61% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.59 last year.Price Target Changed • Sep 23Price target increased by 7.8% to €7.79Up from €7.23, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of €7.69. Stock is up 42% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.59 last year.분석 기사 • Sep 05Lacklustre Performance Is Driving Italgas S.p.A.'s (BIT:IG) Low P/EWhen close to half the companies in Italy have price-to-earnings ratios (or "P/E's") above 18x, you may consider...분석 기사 • Aug 09Italgas' (BIT:IG) Earnings Are Of Questionable QualityBIT:IG 1 Year Share Price vs Fair Value Explore Italgas's Fair Values from the Community and select yours Italgas...Reported Earnings • Jul 27Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €471.5m (down 37% from 2Q 2024). Net income: €147.8m (up 27% from 2Q 2024). Profit margin: 31% (up from 16% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Gas Utilities industry in Europe.분석 기사 • Jul 26A Look At The Intrinsic Value Of Italgas S.p.A. (BIT:IG)Key Insights Italgas' estimated fair value is €6.47 based on 2 Stage Free Cash Flow to Equity With €7.23 share price...New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Shareholders have been diluted in the past year (25% increase in shares outstanding).공지 • May 29Italgas S.p.A. has filed a Follow-on Equity Offering in the amount of €1.019969 billion.Italgas S.p.A. has filed a Follow-on Equity Offering in the amount of €1.019969 billion. Security Name: Shares Security Type: Common Stock Securities Offered: 202,938,478 Price\Range: €5.026 Transaction Features: Rights OfferingPrice Target Changed • May 12Price target increased by 7.3% to €7.04Up from €6.56, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of €7.11. Stock is up 32% over the past year. The company is forecast to post earnings per share of €0.73 for next year compared to €0.59 last year.Upcoming Dividend • May 12Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 62% and the cash payout ratio is 98%. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.5%). In line with average of industry peers (6.0%).Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.21. Revenue: €513.7m (up 19% from 1Q 2024). Net income: €168.7m (up 44% from 1Q 2024). Profit margin: 33% (up from 27% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.분석 기사 • May 09Broker Revenue Forecasts For Italgas S.p.A. (BIT:IG) Are Surging HigherCelebrations may be in order for Italgas S.p.A. ( BIT:IG ) shareholders, with the analysts delivering a significant...Major Estimate Revision • May 08Consensus revenue estimates increase by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €2.18b to €2.46b. EPS estimate unchanged from €0.66 at last update. Gas Utilities industry in Italy expected to see average net income growth of 1.7% next year. Consensus price target up from €6.56 to €6.99. Share price was steady at €7.29 over the past week.Buy Or Sell Opportunity • Apr 09Now 21% undervaluedOver the last 90 days, the stock has risen 18% to €6.44. The fair value is estimated to be €8.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Reported Earnings • Mar 14Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: €0.59 (up from €0.54 in FY 2023). Revenue: €2.50b (down 4.2% from FY 2023). Net income: €478.9m (up 8.9% from FY 2023). Profit margin: 19% (up from 17% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공지 • Mar 12Italgas S.p.A., Annual General Meeting, May 13, 2025Italgas S.p.A., Annual General Meeting, May 13, 2025, at 14:00 W. Europe Standard Time.Declared Dividend • Feb 14Dividend increased to €0.41Dividend of €0.41 is 15% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Jan 22+ 3 more updatesItalgas S.p.A. to Report First Half, 2025 Results on Jul 24, 2025Italgas S.p.A. announced that they will report first half, 2025 results on Jul 24, 2025Reported Earnings • Oct 25Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.15. Revenue: €437.0m (flat on 3Q 2023). Net income: €120.2m (up 16% from 3Q 2023). Profit margin: 28% (up from 24% in 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 25Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €431.1m (down 46% from 2Q 2023). Net income: €116.8m (up 6.5% from 2Q 2023). Profit margin: 27% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to grow by 1.2%.공지 • Jul 13Italgas S.p.A. to Report First Half, 2024 Results on Jul 24, 2024Italgas S.p.A. announced that they will report first half, 2024 results on Jul 24, 2024공지 • May 16Italgas Begins Exclusive Talks to Buy 2i Rete GasItalgas S.p.A. (BIT:IG), Europe's biggest gas distributor, said on May 13, 2024 that it started exclusive talks to acquire smaller rival 2i Rete Gas SpA. A merger between the two would be a major step in the consolidation of the gas distribution market in Italy with 2i Rete gas adding a 20% market share to Italgas' 35%, according to analyst calculations. 2i Rete Gas, which is Italy's second-largest distributor for the fuel, said in February it wanted to list on the Milan bourse, but in March media speculation emerged about an approach by Italgas valuing the rival at EUR 4 billion to EUR 5 billion ($4.3 billion to $5.4 billion). Sources told Reuters on May 13, 2024 that Italgas had nudged up a preliminary offer, winning the green light from the rival's shareholders for several weeks of exclusive talks. Italian infrastructure fund F2i has a 64% stake in 2i Rete Gas. Dutch pension fund APG and buyout group Ardian together hold the remaining 36.1% under the vehicle Finavias. "Without interrupting the listing process, F2i and Finavias have granted Italgas a period of exclusivity in order to complete a due diligence preparatory to a possible binding purchase offer," investors in 2i Rete Gas said in a separate statement. Should the acquisition go through, Italgas will finance the acquisition via a bridge credit facility underwritten by JP Morgan, which could be refinanced through a combination of equity, debt or equity like instruments, the suitor said. JP Morgan is acting as financial adviser and Legance is acting as legal adviser to Italgas. Rothschild is advising Ardian and APG, while Lazard is assisting F2i.Reported Earnings • May 15First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.14. Revenue: €431.3m (down 10% from 1Q 2023). Net income: €117.6m (up 14% from 1Q 2023). Profit margin: 27% (up from 22% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 13Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Italian dividend payers (5.4%). In line with average of industry peers (6.4%).Declared Dividend • Mar 17Dividend increased to €0.35Dividend of €0.35 is 11% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 5.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.82b (down 19% from FY 2022). Net income: €439.6m (up 7.9% from FY 2022). Profit margin: 24% (up from 18% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Gas Utilities industry in Europe.공지 • Jan 30+ 2 more updatesItalgas S.p.A. to Report Nine Months, 2024 Results on Oct 24, 2024Italgas S.p.A. announced that they will report nine months, 2024 results on Oct 24, 2024Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.13. Revenue: €438.0m (up 34% from 3Q 2022). Net income: €103.5m (up 3.3% from 3Q 2022). Profit margin: 24% (down from 31% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 4.3% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공지 • Oct 18Italgas S.p.A. (BIT:IG) completed the acquisition of Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE).Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million on June 9, 2023. The consideration which includes partially depending upon certain targets of the operational companies. Through this transaction Italgas will acquire 100% of Acqua S.r.l., which in turn directly holds 98.7% of Idrosicilia S.p.A. and, indirectly, 75% of the equity of Siciliacque S.p.A, 100% of Idrolatina S.r.l., which in turn holds about 49% of Acqualatina S.p.A and 47.9% of Acqua Campania S.p.A from Veolia. The closing of the transaction is subject to the fulfillment of certain conditions precedent, including the involvement or approval by the Public Bodies which awarded the water service concession. Italgas S.p.A. (BIT:IG) completed the acquisition of Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) on October 16, 2023. Nepta is the new name of the Italgas that will manage all the Group's water activities. The transaction has approved by the Granting Authorities.Reported Earnings • Jul 26Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €451.9m (down 35% from 2Q 2022). Net income: €109.6m (up 10% from 2Q 2022). Profit margin: 24% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 3.5% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities industry in Europe.공지 • Jun 10Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million.Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million on June 9, 2023. The consideration which includes partially depending upon certain targets of the operational companies. Through this transaction Italgas will acquire 100% of Acqua S.r.l., which in turn directly holds 98.7% of Idrosicilia S.p.A. and, indirectly, 75% of the equity of Siciliacque S.p.A, 100% of Idrolatina S.r.l., which in turn holds about 49% of Acqualatina S.p.A and 47.9% of Acqua Campania S.p.A from Veolia. The closing of the transaction is subject to the fulfillment of certain conditions precedent, including the involvement or approval by the Public Bodies which awarded the water service concession.Upcoming Dividend • May 15Upcoming dividend of €0.32 per share at 5.3% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (4.4%).Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: €0.13. Revenue: €479.9m (up 36% from 1Q 2022). Net income: €103.6m (up 17% from 1Q 2022). Profit margin: 22% (down from 25% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.공지 • May 06Italgas to Merge 3 Greek Companies Owned by Depa InfrastructureItalgas S.p.A. (BIT:IG) plans to merge 3 Greek companies owned by Depa Infrastructure in one to increase efficiency. Italgas CEO: asked about Warchest for M&A, says group cannot spend now as much as it did for Depa Infrastructure.Reported Earnings • Mar 14Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.56b (down 27% from FY 2021). Net income: €407.3m (up 12% from FY 2021). Profit margin: 26% (up from 17% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.공지 • Jan 20+ 2 more updatesItalgas S.p.A. to Report Q1, 2023 Results on May 04, 2023Italgas S.p.A. announced that they will report Q1, 2023 results on May 04, 2023Reported Earnings • Nov 23Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.12. Revenue: €328.1m (down 3.6% from 3Q 2021). Net income: €100.2m (up 2.8% from 3Q 2021). Profit margin: 31% (up from 29% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairwoman Benedetta Navarra was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.12. Revenue: €379.8m (up 12% from 3Q 2021). Net income: €100.3m (up 2.9% from 3Q 2021). Profit margin: 26% (down from 29% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year.Buying Opportunity • Aug 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €6.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period.Reported Earnings • Jul 26Second quarter 2022 earnings: Revenues in line with analyst expectationsSecond quarter 2022 results: Revenue: €353.4m (down 50% from 2Q 2021). Net income: €99.4m (up 11% from 2Q 2021). Profit margin: 28% (up from 13% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 31% compared to a 12% decline forecast for the industry in Italy.Buying Opportunity • Jul 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings is also forecast to grow by 8.0% per annum over the same time period.Buying Opportunity • Jun 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be €6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 8.0% per annum over the same time period.Upcoming Dividend • May 16Upcoming dividend of €0.29 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.7%). In line with average of industry peers (5.2%).Reported Earnings • May 04First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2022 results: EPS: €0.11. Revenue: €354.0m (up 6.2% from 1Q 2021). Net income: €88.9m (up 9.5% from 1Q 2021). Profit margin: 25% (in line with 1Q 2021). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 33% compared to a 6.3% decline forecast for the industry in Italy. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. Non-Executive Director Qinjing Shen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 12Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €1.37b (down 35% from FY 2020). Net income: €362.8m (down 5.3% from FY 2020). Profit margin: 27% (up from 18% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.9% compared to a 5.8% decline forecast for the industry in Italy.Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €0.12The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €340.3m (up 2.7% from 3Q 2020). Net income: €97.5m (up 4.7% from 3Q 2020). Profit margin: 29% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €332.1m (down 49% from 2Q 2020). Net income: €94.9m (up 21% from 2Q 2020). Profit margin: 29% (up from 12% in 2Q 2020). The increase in margin was driven by lower expenses.주주 수익률IGIT Gas UtilitiesIT 시장7D0.7%0.1%3.2%1Y42.2%21.4%23.9%전체 주주 수익률 보기수익률 대 산업: IG은 지난 1년 동안 21.4%의 수익을 기록한 Italian Gas Utilities 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: IG은 지난 1년 동안 23.9%를 기록한 Italian 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is IG's price volatile compared to industry and market?IG volatilityIG Average Weekly Movement3.5%Gas Utilities Industry Average Movement3.5%Market Average Movement5.2%10% most volatile stocks in IT Market8.2%10% least volatile stocks in IT Market3.1%안정적인 주가: IG는 지난 3개월 동안 Italian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: IG의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트18376,289Paolo Gallowww.italgas.itItalgas S.p.A.는 자회사와 함께 이탈리아, 그리스 및 기타 유럽 연합 국가에서 천연 가스를 유통하는 사업을 하고 있습니다. 가스 유통, 수도 서비스 및 에너지 효율 부문을 통해 운영됩니다. 이 회사는 가정, 기업 등으로의 가스 운송에 관여합니다.더 보기Italgas S.p.A. 기초 지표 요약Italgas의 순이익과 매출은 시가총액과 어떻게 비교됩니까?IG 기초 통계시가총액€10.52b순이익 (TTM)€682.52m매출 (TTM)€3.72b15.4x주가수익비율(P/E)2.8x주가매출비율(P/S)IG는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표IG 손익계산서 (TTM)매출€3.72b매출원가€1.07b총이익€2.65b기타 비용€1.96b순이익€682.52m최근 보고된 실적Mar 31, 2026다음 실적 발표일Jul 27, 2026주당순이익(EPS)0.67총이익률71.17%순이익률18.35%부채/자본 비율260.0%IG의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당4.2%현재 배당 수익률64%배당 성향IG는 안정적으로 배당을 지급합니까?IG 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 IG를 매수해야 하나요?Italgas 배당 일정배당락일May 18 2026배당 지급일May 20 2026배당락일까지 남은 일수10 days배당 지급일까지 남은 일수12 daysIG는 안정적으로 배당을 지급합니까?IG 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 02:40종가2026/05/07 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Italgas S.p.A.는 27명의 분석가가 다루고 있습니다. 이 중 14명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Tommaso MarabiniBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)24명의 분석가 더 보기
Reported Earnings • May 06First quarter 2026 earnings released: EPS: €0.18 (vs €0.21 in 1Q 2025)First quarter 2026 results: EPS: €0.18. Revenue: €661.7m (up 1.0% from 1Q 2025). Net income: €178.9m (up 6.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe.
분석 기사 • Mar 29We Think You Should Be Aware Of Some Concerning Factors In Italgas' (BIT:IG) EarningsItalgas S.p.A.'s ( BIT:IG ) healthy profit numbers didn't contain any surprises for investors. We believe that...
공지 • Mar 24Italgas S.p.A., Annual General Meeting, Apr 21, 2026Italgas S.p.A., Annual General Meeting, Apr 21, 2026, at 11:00 W. Europe Standard Time.
Reported Earnings • Mar 23Full year 2025 earnings released: EPS: €0.71 (vs €0.59 in FY 2024)Full year 2025 results: EPS: €0.71 (up from €0.59 in FY 2024). Revenue: €3.57b (up 43% from FY 2024). Net income: €672.3m (up 40% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Mar 06Dividend increased to €0.43Dividend of €0.43 is 6.4% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Mar 05Italgas S.p.A. announces Annual dividend, payable on May 20, 2026Italgas S.p.A. announced Annual dividend of EUR 0.4320 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
Reported Earnings • May 06First quarter 2026 earnings released: EPS: €0.18 (vs €0.21 in 1Q 2025)First quarter 2026 results: EPS: €0.18. Revenue: €661.7m (up 1.0% from 1Q 2025). Net income: €178.9m (up 6.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe.
분석 기사 • Mar 29We Think You Should Be Aware Of Some Concerning Factors In Italgas' (BIT:IG) EarningsItalgas S.p.A.'s ( BIT:IG ) healthy profit numbers didn't contain any surprises for investors. We believe that...
공지 • Mar 24Italgas S.p.A., Annual General Meeting, Apr 21, 2026Italgas S.p.A., Annual General Meeting, Apr 21, 2026, at 11:00 W. Europe Standard Time.
Reported Earnings • Mar 23Full year 2025 earnings released: EPS: €0.71 (vs €0.59 in FY 2024)Full year 2025 results: EPS: €0.71 (up from €0.59 in FY 2024). Revenue: €3.57b (up 43% from FY 2024). Net income: €672.3m (up 40% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Mar 06Dividend increased to €0.43Dividend of €0.43 is 6.4% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Mar 05Italgas S.p.A. announces Annual dividend, payable on May 20, 2026Italgas S.p.A. announced Annual dividend of EUR 0.4320 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
공지 • Feb 19Italgas S.p.A. to Report Fiscal Year 2025 Results on Mar 04, 2026Italgas S.p.A. announced that they will report fiscal year 2025 results Pre-Market on Mar 04, 2026
공지 • Jan 23+ 2 more updatesItalgas S.p.A. to Report Nine Months, 2026 Results on Oct 29, 2026Italgas S.p.A. announced that they will report nine months, 2026 results on Oct 29, 2026
Price Target Changed • Nov 03Price target increased by 9.2% to €9.07Up from €8.30, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €9.30. Stock is up 65% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.59 last year.
Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.17. Revenue: €238.8m (down 45% from 3Q 2024). Net income: €176.8m (up 47% from 3Q 2024). Profit margin: 74% (up from 28% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Oct 31Price target increased by 11% to €8.67Up from €7.84, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €9.09. Stock is up 61% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.59 last year.
Price Target Changed • Sep 23Price target increased by 7.8% to €7.79Up from €7.23, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of €7.69. Stock is up 42% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.59 last year.
분석 기사 • Sep 05Lacklustre Performance Is Driving Italgas S.p.A.'s (BIT:IG) Low P/EWhen close to half the companies in Italy have price-to-earnings ratios (or "P/E's") above 18x, you may consider...
분석 기사 • Aug 09Italgas' (BIT:IG) Earnings Are Of Questionable QualityBIT:IG 1 Year Share Price vs Fair Value Explore Italgas's Fair Values from the Community and select yours Italgas...
Reported Earnings • Jul 27Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €471.5m (down 37% from 2Q 2024). Net income: €147.8m (up 27% from 2Q 2024). Profit margin: 31% (up from 16% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Gas Utilities industry in Europe.
분석 기사 • Jul 26A Look At The Intrinsic Value Of Italgas S.p.A. (BIT:IG)Key Insights Italgas' estimated fair value is €6.47 based on 2 Stage Free Cash Flow to Equity With €7.23 share price...
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Shareholders have been diluted in the past year (25% increase in shares outstanding).
공지 • May 29Italgas S.p.A. has filed a Follow-on Equity Offering in the amount of €1.019969 billion.Italgas S.p.A. has filed a Follow-on Equity Offering in the amount of €1.019969 billion. Security Name: Shares Security Type: Common Stock Securities Offered: 202,938,478 Price\Range: €5.026 Transaction Features: Rights Offering
Price Target Changed • May 12Price target increased by 7.3% to €7.04Up from €6.56, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of €7.11. Stock is up 32% over the past year. The company is forecast to post earnings per share of €0.73 for next year compared to €0.59 last year.
Upcoming Dividend • May 12Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 62% and the cash payout ratio is 98%. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.5%). In line with average of industry peers (6.0%).
Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.21. Revenue: €513.7m (up 19% from 1Q 2024). Net income: €168.7m (up 44% from 1Q 2024). Profit margin: 33% (up from 27% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.
분석 기사 • May 09Broker Revenue Forecasts For Italgas S.p.A. (BIT:IG) Are Surging HigherCelebrations may be in order for Italgas S.p.A. ( BIT:IG ) shareholders, with the analysts delivering a significant...
Major Estimate Revision • May 08Consensus revenue estimates increase by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €2.18b to €2.46b. EPS estimate unchanged from €0.66 at last update. Gas Utilities industry in Italy expected to see average net income growth of 1.7% next year. Consensus price target up from €6.56 to €6.99. Share price was steady at €7.29 over the past week.
Buy Or Sell Opportunity • Apr 09Now 21% undervaluedOver the last 90 days, the stock has risen 18% to €6.44. The fair value is estimated to be €8.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Reported Earnings • Mar 14Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: €0.59 (up from €0.54 in FY 2023). Revenue: €2.50b (down 4.2% from FY 2023). Net income: €478.9m (up 8.9% from FY 2023). Profit margin: 19% (up from 17% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공지 • Mar 12Italgas S.p.A., Annual General Meeting, May 13, 2025Italgas S.p.A., Annual General Meeting, May 13, 2025, at 14:00 W. Europe Standard Time.
Declared Dividend • Feb 14Dividend increased to €0.41Dividend of €0.41 is 15% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Jan 22+ 3 more updatesItalgas S.p.A. to Report First Half, 2025 Results on Jul 24, 2025Italgas S.p.A. announced that they will report first half, 2025 results on Jul 24, 2025
Reported Earnings • Oct 25Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.15. Revenue: €437.0m (flat on 3Q 2023). Net income: €120.2m (up 16% from 3Q 2023). Profit margin: 28% (up from 24% in 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 25Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €431.1m (down 46% from 2Q 2023). Net income: €116.8m (up 6.5% from 2Q 2023). Profit margin: 27% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to grow by 1.2%.
공지 • Jul 13Italgas S.p.A. to Report First Half, 2024 Results on Jul 24, 2024Italgas S.p.A. announced that they will report first half, 2024 results on Jul 24, 2024
공지 • May 16Italgas Begins Exclusive Talks to Buy 2i Rete GasItalgas S.p.A. (BIT:IG), Europe's biggest gas distributor, said on May 13, 2024 that it started exclusive talks to acquire smaller rival 2i Rete Gas SpA. A merger between the two would be a major step in the consolidation of the gas distribution market in Italy with 2i Rete gas adding a 20% market share to Italgas' 35%, according to analyst calculations. 2i Rete Gas, which is Italy's second-largest distributor for the fuel, said in February it wanted to list on the Milan bourse, but in March media speculation emerged about an approach by Italgas valuing the rival at EUR 4 billion to EUR 5 billion ($4.3 billion to $5.4 billion). Sources told Reuters on May 13, 2024 that Italgas had nudged up a preliminary offer, winning the green light from the rival's shareholders for several weeks of exclusive talks. Italian infrastructure fund F2i has a 64% stake in 2i Rete Gas. Dutch pension fund APG and buyout group Ardian together hold the remaining 36.1% under the vehicle Finavias. "Without interrupting the listing process, F2i and Finavias have granted Italgas a period of exclusivity in order to complete a due diligence preparatory to a possible binding purchase offer," investors in 2i Rete Gas said in a separate statement. Should the acquisition go through, Italgas will finance the acquisition via a bridge credit facility underwritten by JP Morgan, which could be refinanced through a combination of equity, debt or equity like instruments, the suitor said. JP Morgan is acting as financial adviser and Legance is acting as legal adviser to Italgas. Rothschild is advising Ardian and APG, while Lazard is assisting F2i.
Reported Earnings • May 15First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.14. Revenue: €431.3m (down 10% from 1Q 2023). Net income: €117.6m (up 14% from 1Q 2023). Profit margin: 27% (up from 22% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 13Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Italian dividend payers (5.4%). In line with average of industry peers (6.4%).
Declared Dividend • Mar 17Dividend increased to €0.35Dividend of €0.35 is 11% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 5.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.82b (down 19% from FY 2022). Net income: €439.6m (up 7.9% from FY 2022). Profit margin: 24% (up from 18% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Gas Utilities industry in Europe.
공지 • Jan 30+ 2 more updatesItalgas S.p.A. to Report Nine Months, 2024 Results on Oct 24, 2024Italgas S.p.A. announced that they will report nine months, 2024 results on Oct 24, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.13. Revenue: €438.0m (up 34% from 3Q 2022). Net income: €103.5m (up 3.3% from 3Q 2022). Profit margin: 24% (down from 31% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 4.3% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공지 • Oct 18Italgas S.p.A. (BIT:IG) completed the acquisition of Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE).Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million on June 9, 2023. The consideration which includes partially depending upon certain targets of the operational companies. Through this transaction Italgas will acquire 100% of Acqua S.r.l., which in turn directly holds 98.7% of Idrosicilia S.p.A. and, indirectly, 75% of the equity of Siciliacque S.p.A, 100% of Idrolatina S.r.l., which in turn holds about 49% of Acqualatina S.p.A and 47.9% of Acqua Campania S.p.A from Veolia. The closing of the transaction is subject to the fulfillment of certain conditions precedent, including the involvement or approval by the Public Bodies which awarded the water service concession. Italgas S.p.A. (BIT:IG) completed the acquisition of Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) on October 16, 2023. Nepta is the new name of the Italgas that will manage all the Group's water activities. The transaction has approved by the Granting Authorities.
Reported Earnings • Jul 26Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €451.9m (down 35% from 2Q 2022). Net income: €109.6m (up 10% from 2Q 2022). Profit margin: 24% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 3.5% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities industry in Europe.
공지 • Jun 10Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million.Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million on June 9, 2023. The consideration which includes partially depending upon certain targets of the operational companies. Through this transaction Italgas will acquire 100% of Acqua S.r.l., which in turn directly holds 98.7% of Idrosicilia S.p.A. and, indirectly, 75% of the equity of Siciliacque S.p.A, 100% of Idrolatina S.r.l., which in turn holds about 49% of Acqualatina S.p.A and 47.9% of Acqua Campania S.p.A from Veolia. The closing of the transaction is subject to the fulfillment of certain conditions precedent, including the involvement or approval by the Public Bodies which awarded the water service concession.
Upcoming Dividend • May 15Upcoming dividend of €0.32 per share at 5.3% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (4.4%).
Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: €0.13. Revenue: €479.9m (up 36% from 1Q 2022). Net income: €103.6m (up 17% from 1Q 2022). Profit margin: 22% (down from 25% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.
공지 • May 06Italgas to Merge 3 Greek Companies Owned by Depa InfrastructureItalgas S.p.A. (BIT:IG) plans to merge 3 Greek companies owned by Depa Infrastructure in one to increase efficiency. Italgas CEO: asked about Warchest for M&A, says group cannot spend now as much as it did for Depa Infrastructure.
Reported Earnings • Mar 14Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.56b (down 27% from FY 2021). Net income: €407.3m (up 12% from FY 2021). Profit margin: 26% (up from 17% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
공지 • Jan 20+ 2 more updatesItalgas S.p.A. to Report Q1, 2023 Results on May 04, 2023Italgas S.p.A. announced that they will report Q1, 2023 results on May 04, 2023
Reported Earnings • Nov 23Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.12. Revenue: €328.1m (down 3.6% from 3Q 2021). Net income: €100.2m (up 2.8% from 3Q 2021). Profit margin: 31% (up from 29% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairwoman Benedetta Navarra was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.12. Revenue: €379.8m (up 12% from 3Q 2021). Net income: €100.3m (up 2.9% from 3Q 2021). Profit margin: 26% (down from 29% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year.
Buying Opportunity • Aug 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €6.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period.
Reported Earnings • Jul 26Second quarter 2022 earnings: Revenues in line with analyst expectationsSecond quarter 2022 results: Revenue: €353.4m (down 50% from 2Q 2021). Net income: €99.4m (up 11% from 2Q 2021). Profit margin: 28% (up from 13% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 31% compared to a 12% decline forecast for the industry in Italy.
Buying Opportunity • Jul 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings is also forecast to grow by 8.0% per annum over the same time period.
Buying Opportunity • Jun 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be €6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 8.0% per annum over the same time period.
Upcoming Dividend • May 16Upcoming dividend of €0.29 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.7%). In line with average of industry peers (5.2%).
Reported Earnings • May 04First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2022 results: EPS: €0.11. Revenue: €354.0m (up 6.2% from 1Q 2021). Net income: €88.9m (up 9.5% from 1Q 2021). Profit margin: 25% (in line with 1Q 2021). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 33% compared to a 6.3% decline forecast for the industry in Italy. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. Non-Executive Director Qinjing Shen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 12Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €1.37b (down 35% from FY 2020). Net income: €362.8m (down 5.3% from FY 2020). Profit margin: 27% (up from 18% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.9% compared to a 5.8% decline forecast for the industry in Italy.
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €0.12The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €340.3m (up 2.7% from 3Q 2020). Net income: €97.5m (up 4.7% from 3Q 2020). Profit margin: 29% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €332.1m (down 49% from 2Q 2020). Net income: €94.9m (up 21% from 2Q 2020). Profit margin: 29% (up from 12% in 2Q 2020). The increase in margin was driven by lower expenses.
