ENXTPA:GTT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Gaztransport & Technigaz

Executive Summary

Gaztransport & Technigaz SA, an engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG). More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Gaztransport & Technigaz's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GTT is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GTT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.7%

GTT

9.3%

FR Oil and Gas

1.1%

FR Market


1 Year Return

3.7%

GTT

-21.5%

FR Oil and Gas

-2.6%

FR Market

Return vs Industry: GTT exceeded the French Oil and Gas industry which returned -20.8% over the past year.

Return vs Market: GTT exceeded the French Market which returned -3% over the past year.


Shareholder returns

GTTIndustryMarket
7 Day3.7%9.3%1.1%
30 Day2.0%40.8%15.2%
90 Day5.4%11.9%11.6%
1 Year9.4%3.7%-15.2%-21.5%-0.6%-2.6%
3 Year115.5%87.2%-4.6%-20.2%16.8%7.1%
5 Year156.6%89.7%13.5%-15.0%48.9%28.7%

Long-Term Price Volatility Vs. Market

How volatile is Gaztransport & Technigaz's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gaztransport & Technigaz undervalued compared to its fair value and its price relative to the market?

15.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GTT (€83.65) is trading above our estimate of fair value (€46.61)

Significantly Below Fair Value: GTT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GTT is poor value based on its PE Ratio (15.3x) compared to the XE Oil and Gas industry average (12.1x).

PE vs Market: GTT is good value based on its PE Ratio (15.3x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: GTT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GTT is overvalued based on its PB Ratio (12.3x) compared to the FR Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Gaztransport & Technigaz forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTT's earnings are forecast to decline over the next 3 years (-18% per year).

Earnings vs Market: GTT's earnings are forecast to decline over the next 3 years (-18% per year).

High Growth Earnings: GTT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GTT's revenue is expected to decline over the next 3 years (-9% per year).

High Growth Revenue: GTT's revenue is forecast to decline over the next 3 years (-9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GTT's Return on Equity is forecast to be very high in 3 years time (53.2%).


Next Steps

Past Performance

How has Gaztransport & Technigaz performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTT has a high level of non-cash earnings.

Growing Profit Margin: GTT's current net profit margins (54.8%) are higher than last year (51.2%).


Past Earnings Growth Analysis

Earnings Trend: GTT's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: GTT's earnings growth over the past year (63.4%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: GTT earnings growth over the past year (63.4%) exceeded the Oil and Gas industry 25.6%.


Return on Equity

High ROE: GTT's Return on Equity (80.2%) is considered outstanding.


Next Steps

Financial Health

How is Gaztransport & Technigaz's financial position?


Financial Position Analysis

Short Term Liabilities: GTT's short term assets (€396.8M) exceed its short term liabilities (€177.9M).

Long Term Liabilities: GTT's short term assets (€396.8M) exceed its long term liabilities (€11.2M).


Debt to Equity History and Analysis

Debt Level: GTT's debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: GTT's debt to equity ratio has reduced from 2.2% to 1.9% over the past 5 years.

Debt Coverage: GTT's debt is well covered by operating cash flow (3817.2%).

Interest Coverage: GTT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Gaztransport & Technigaz current dividend yield, its reliability and sustainability?

5.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GTT's dividend (5.08%) is higher than the bottom 25% of dividend payers in the French market (1.41%).

High Dividend: GTT's dividend (5.08%) is in the top 25% of dividend payers in the French market (4.66%)


Stability and Growth of Payments

Stable Dividend: GTT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GTT's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.9%), GTT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GTT's dividends in 3 years are not forecast to be well covered by earnings (93.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Philippe Berterottière (63 yo)

11.83yrs

Tenure

€890,065

Compensation

Mr. Philippe Berterottière serves as the Chairman of Gaztransport & Technigaz SAS since December 11, 2013. Mr. Berterottière has been its Chief Executive Officer since 2009. Mr. Berterottière served as Pre...


CEO Compensation Analysis

Compensation vs Market: Philippe's total compensation ($USD1.06M) is below average for companies of similar size in the French market ($USD1.57M).

Compensation vs Earnings: Philippe's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Philippe Berterottière
Chairman & CEO11.83yrs€890.07k0.26%
€ 8.0m
Marc Haestier
Chief Financial Officer3.83yrsno datano data
Karim Chapot
Technical Directorno datano datano data
Jean-Baptiste Garnier
Head of Investor Relationsno datano datano data
Lélia Ghilini
Secretary General & Legal Director2.83yrsno datano data
Sandrine Vibert
Director of Human Resources1.83yrsno datano data
Pierre Lecourtois
Head of Qualityno datano datano data
Eric Dehouck
Deputy CEO & Innovation Director0.58yrno datano data

2.8yrs

Average Tenure

60yo

Average Age

Experienced Management: GTT's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philippe Berterottière
Chairman & CEO11.83yrs€890.07k0.26%
€ 8.0m
Bruno Y. Chabas
Independent Director2.5yrs€57.63k0.00027%
€ 8.4k
Christian Germa
Independent Director5.5yrs€68.91k0.00027%
€ 8.4k
Andrew Jamieson
Independent Director4.08yrs€48.44k0.00067%
€ 20.8k
Isabelle Boccon-Gibod
Independent Director0.58yrno data0.00027%
€ 8.4k
Benoît Mignard
Observer3.5yrsno data0.00027%
€ 8.4k
Pierre Jean Guiollot
Director0.75yrno data0.00027%
€ 8.4k
Ana Busto
Director3.5yrs€18.50k0.00027%
€ 8.4k
Michèle Azalbert
Director5.5yrs€29.21k0.00027%
€ 8.4k
Cécile Prévieu
Director4.08yrs€29.21k0.00027%
€ 8.4k

3.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: GTT's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gaztransport & Technigaz SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gaztransport & Technigaz SA
  • Ticker: GTT
  • Exchange: ENXTPA
  • Founded: 1965
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: €3.101b
  • Shares outstanding: 37.07m
  • Website: https://www.gtt.fr

Number of Employees


Location

  • Gaztransport & Technigaz SA
  • 1, route de Versailles
  • Saint-Rémy-lès-Chevreuse
  • Ile-de-France
  • 78470
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTTENXTPA (Euronext Paris)YesOrdinary SharesFREURFeb 2014
GTTPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURFeb 2014
9TGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2014
0QT5LSE (London Stock Exchange)YesOrdinary SharesGBEURFeb 2014
GZPZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2014

Biography

Gaztransport & Technigaz SA, an engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG). The company offers bunkering...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 20:26
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.