How does IG's PE Ratio compare to its peers?

IG is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (14.1x).

How does IG's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

IG is good value based on its Price-To-Earnings Ratio (9.7x) compared to the Global Gas Utilities industry average (14.2x).

What is IG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IG is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

What is the Fair Price of IG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

IG (€5.72) is trading below our estimate of [[fair value]] (€8.46)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Italgas (WBAG:IG) - Stock Price, News & Analysis

IG Stock Overview

Engages in the distribution of natural gas in Italy. More details

IG fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	4/6
Financial Health	2/6
Dividends	2/6

Rewards

Trading at 32.4% below our estimate of its fair value

Earnings are forecast to grow 13.37% per year

Earnings have grown 3.6% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 6.19% is not well covered by free cash flows

Italgas S.p.A. Competitors

EVN

WBAG:EVN

€4.4b

Spire

NYSE:SR

US$4.2b

China Gas Holdings

SEHK:384

HK$34.4b

ONE Gas

NYSE:OGS

US$4.4b

Price History & Performance

Summary of all time highs, changes and price drops for Italgas
Historical stock prices
Current Share Price	€5.72
52 Week High	€5.90
52 Week Low	€4.60
Beta	0.58
11 Month Change	-0.69%
3 Month Change	13.28%
1 Year Change	12.39%
33 Year Change	2.57%
5 Year Change	4.40%
Change since IPO	23.06%

Recent updates

Shareholder Returns

	IG	AT Gas Utilities	AT Market
7D	2.4%	1.2%	-0.6%
1Y	12.4%	-9.5%	2.5%

Return vs Industry: IG exceeded the Austrian Gas Utilities industry which returned -9.5% over the past year.

Return vs Market: IG exceeded the Austrian Market which returned 2.5% over the past year.

Price Volatility

Is IG's price volatile compared to industry and market?
IG volatility
IG Average Weekly Movement	2.2%
Gas Utilities Industry Average Movement	2.5%
Market Average Movement	3.6%
10% most volatile stocks in AT Market	6.6%
10% least volatile stocks in AT Market	1.8%

Stable Share Price: IG has not had significant price volatility in the past 3 months compared to the Austrian market.

Volatility Over Time: IG's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1837	4,341	Paolo Gallo	www.italgas.it

Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas to households, enterprises, etc. The company operated a distribution network of 81,309 kilometers. It also engages in metering activities; and distributes and sells water.

Italgas S.p.A. Fundamentals Summary

How do Italgas's earnings and revenue compare to its market cap?
IG fundamental statistics
Market cap	€4.61b
Earnings (TTM)	€477.47m
Revenue (TTM)	€2.54b

9.7x

P/E Ratio

1.8x

P/S Ratio

Is IG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IG income statement (TTM)
Revenue	€2.54b
Cost of Revenue	€828.96m
Gross Profit	€1.71b
Other Expenses	€1.24b
Earnings	€477.47m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.59
Gross Margin	67.39%
Net Profit Margin	18.78%
Debt/Equity Ratio	255.3%

How did IG perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

62%

Payout Ratio

IG Stock Overview

Rewards

Risk Analysis

Italgas S.p.A. Competitors

WBAG:EVN

€4.4b

NYSE:SR

US$4.2b

SEHK:384

HK$34.4b

NYSE:OGS

US$4.4b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released

Now 20% undervalued

Second quarter 2024 earnings released

Italgas S.p.A. to Report First Half, 2024 Results on Jul 24, 2024

Italgas Begins Exclusive Talks to Buy 2i Rete Gas

First quarter 2024 earnings released

Recent updates

Third quarter 2024 earnings released

Now 20% undervalued

Second quarter 2024 earnings released

Italgas S.p.A. to Report First Half, 2024 Results on Jul 24, 2024

Italgas Begins Exclusive Talks to Buy 2i Rete Gas

First quarter 2024 earnings released

Upcoming dividend of €0.35 per share

Dividend increased to €0.35

Full year 2023 earnings released

Italgas S.p.A. to Report First Half, 2024 Results on Jul 24, 2024

Third quarter 2023 earnings released

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).

Second quarter 2023 earnings released

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.

Upcoming dividend of €0.32 per share at 5.3% yield

First quarter 2023 earnings released

Italgas to Merge 3 Greek Companies Owned by Depa Infrastructure

Full year 2022 earnings released

Italgas S.p.A., Annual General Meeting, Apr 20, 2023

Italgas S.p.A. to Report Q1, 2023 Results on May 04, 2023

Phaeton S.A. acquired 10% stake in Italgas Newco S.r.l from Italgas S.p.A. (BIT:IG) for €40 million.

Third quarter 2022 earnings released

Less than half of directors are independent

Third quarter 2022 earnings released

Italgas S.p.A. (BIT:IG) acquired 49% stake in Gas Distribution Company Thessaloniki - Thessalia S.A. from Eni Gas e Luce S.p.A.

Italgas S.p.A. (BIT:IG) completed the acquisitions of DEPA Infrastructure SA from Hellenic Petroleum S.A. (ATSE:ELPE) and Hellenic Republic Asset Development Fund S.A.

Now 20% undervalued after recent price drop

Italgas S.p.A. (BIT:IG) entered to an agreement to acquire LPG distribution and sales business from Fiamma 2000 Spa for € 31.7 million.

Second quarter 2022 earnings released

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of €0.29 per share

First quarter 2022 earnings released

Insufficient new directors

Full year 2021 earnings released: EPS: €0.45 (vs €0.48 in FY 2020)

Full year 2021 earnings: Revenues in line with analyst expectations

Italgas S.p.A. (BIT:IG) acquired an unknown minority stake in Picarro Inc. for $15 million.

Italgas S.p.A., Annual General Meeting, Apr 26, 2022

Third quarter 2021 earnings released: EPS €0.12

Italgas Names Preferred Bidder for DEPA

Italgas Reportedly Outbids EP Investment for Depa Infrastructure

Second quarter 2021 earnings released

Italgas S.p.A. (BIT:IG) completed the acquisition of Isgastrentatre SPA from Consorzio Fra Cooperative Di Produzione E Lavoro.

Italgas to Bid for Greece's DEPA Alone

Upcoming dividend of €0.28 per share

Full year 2020 earnings released

Full year 2020 earnings released

Revenue beats expectations

New 90-day low: €4.90

New 90-day low: €4.94

Italgas S.p.A. to Report Fiscal Year 2020 Results on Apr 14, 2021

Italgas S.p.A., Annual General Meeting, Apr 14, 2021

Third quarter earnings released

New 90-day low: €4.79

New 90-day low: €5.05

Italgas S.p.A. to Report Q3, 2020 Results on Oct 29, 2020

Italgas S.p.A. (BIT:IG) acquired 15% stake in Reti Distribuzione Srl from Azienda Energia E Gas Soc Coop for €4.6 million.

First half earnings released

New 90-day high - €5.37