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Italgas S.p.A. (DE:I10)
FRANKFURT:I10

Italgas S.p.A. (I10) AI Stock Analysis

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Italgas S.p.A. (I10) vs. iShares MSCI Germany ETF (EWG)

Italgas S.p.A. Business Overview & Revenue Model

Company DescriptionItalgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas through local pipeline networks from the delivery points at the reduction and measurement stations interconnected with the transport networks to the points of final delivery to households, enterprises, etc. The company operated a distribution network of 74,397 kilometers. It also engages in metering activities; and distributes and sells water. The company was founded in 1837 and is based in Milan, Italy.
How the Company Makes Money

Italgas S.p.A. Financial Statement Overview

Summary
Italgas S.p.A. demonstrates strong profitability and cash flow generation with a high gross profit margin and positive free cash flow growth. However, inconsistent revenue growth and high leverage pose risks to financial stability.
Income Statement
78
Positive
Italgas S.p.A. has demonstrated solid profitability with a strong gross profit margin of 88.83% and a net profit margin of 18.90% for 2024. However, the revenue growth has been inconsistent, showing a decline in 2024 compared to previous years. The EBIT and EBITDA margins remain robust at 30.87% and 53.51%, respectively, indicating efficient operational management despite the revenue dip.
Balance Sheet
72
Positive
The company's balance sheet presents a mixed picture. The debt-to-equity ratio is high at 2.92, reflecting significant leverage. However, the return on equity stands at 19.48%, indicating good profitability for equity holders. The equity ratio is relatively low at 20.53%, suggesting a heavy reliance on debt financing, which could pose risks if not managed carefully.
Cash Flow
82
Very Positive
Italgas S.p.A. shows a strong improvement in cash flows, with a positive free cash flow growth rate of 171.28% from 2023 to 2024. The operating cash flow to net income ratio is 2.29, highlighting efficient cash generation from operations relative to net income. The free cash flow to net income ratio is 0.43, indicating a healthy conversion of net income into free cash flow.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
2.53B2.61B2.18B2.10B2.06B
Gross Profit
2.25B1.62B745.46M721.78M781.68M
EBIT
782.15M1.26B523.85M527.34M542.00M
EBITDA
1.36B1.20B1.12B1.03B1.05B
Net Income Common Stockholders
478.85M439.57M407.29M362.81M384.63M
Balance SheetCash, Cash Equivalents and Short-Term Investments
362.85M267.19M451.95M1.39B664.14M
Total Assets
11.97B11.14B11.03B10.15B9.12B
Total Debt
7.19B6.92B6.55B6.38B5.41B
Net Debt
6.83B6.67B6.09B4.99B4.74B
Total Liabilities
9.18B8.54B8.64B8.01B7.15B
Stockholders Equity
2.46B2.28B2.11B1.89B1.74B
Cash FlowFree Cash Flow
206.05M-289.23M-229.06M20.05M14.61M
Operating Cash Flow
1.10B572.67M548.17M839.63M761.66M
Investing Cash Flow
-809.13M-857.60M-1.28B-813.74M-771.63M
Financing Cash Flow
-136.88M82.95M-209.17M701.84M411.75M

Italgas S.p.A. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
DEI10
€6.93B12.2020.21%5.64%
64
Neutral
$8.53B10.344.24%4.37%4.14%-13.04%
€7.30B8.8216.17%4.29%
€4.68B13.5013.68%3.99%
€672.88M18.254.51%4.62%
€3.45B12.198.81%4.44%
€17.54B13.9316.18%5.44%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:I10
Italgas S.p.A.
6.76
2.42
55.76%
GB:0N54
A2A SpA
2.31
0.52
29.05%
GB:0MHD
ACEA SPA
21.52
5.82
37.07%
GB:0DME
Ascopiave S.p.A.
3.25
1.11
51.87%
GB:0MUN
Iren S.p.A.
2.67
0.91
51.70%
GB:0NQP
SNAM S.p.A.
5.20
1.15
28.40%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.