Gaztransport et technigaz SA (FR:GTT)
:GTT
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Gaztransport et technigaz
(GTT)
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Rating:82Outperform
Price Target:
€217.00
▲(5.96% Upside)
Action:ReiteratedDate:02/21/26
Overall score is driven primarily by outstanding financial performance (high margins, improving cash conversion, and low leverage despite a 2025 debt step-up). Technicals are supportive but show overbought risk (RSI ~71), and valuation is solid with a ~4.21% yield alongside a moderate P/E.
Positive Factors
Exceptional profitability
Sustained net margins near 42%–54% reflect durable competitive advantages from proprietary membrane technology and a licensing-heavy model. High margins provide lasting cash generation, reinvestment capacity and a buffer versus cyclical revenue swings, supporting strategic initiatives.
Negative Factors
Gross margin step-down
A 2025 gross margin decline from unusually elevated 2022–2024 levels reduces the margin cushion that supported exceptional net profits. If sustained, normalization would permanently lower free cash flow and limit funding for R&D, dividends or strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional profitability
Sustained net margins near 42%–54% reflect durable competitive advantages from proprietary membrane technology and a licensing-heavy model. High margins provide lasting cash generation, reinvestment capacity and a buffer versus cyclical revenue swings, supporting strategic initiatives.
Read all positive factors
Gaztransport et technigaz (GTT) vs. iShares MSCI France ETF (EWQ)
Market Cap
€7.55B
Dividend Yield4.99%
Average Volume (3M)96.24K
Price to Earnings (P/E)14.0
Beta (1Y)0.33
Revenue Growth35.00%
EPS Growth24.05%
CountryFR
Employees738
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)6.37
Shares Outstanding37,117,770
10 Day Avg. Volume95,322
30 Day Avg. Volume96,243
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)9.86
Price to Sales (P/S)7.23
P/FCF Ratio14.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€192.50Price Target Upside-6.01% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)11.28
Revenue Forecast (FY)€768.93M
Gaztransport et technigaz Business Overview & Revenue Model
Company Description
Gaztransport & Technigaz SA, a technology and engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied gas and liquefied natural gas (LNG) in South Korea, China, Russia, and inte...
How the Company Makes Money
GTT generates revenue primarily through the sale of its engineering services and technologies to shipyards and operators in the LNG sector. The company earns money by providing technical assistance, design services, and licensing its proprietary m...
Gaztransport et technigaz Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 803.00M | 641.39M | 427.70M | 307.29M | 314.74M |
| Gross Profit | 520.10M | 586.61M | 399.32M | 293.77M | 302.02M |
| EBITDA | 550.80M | 389.00M | 243.40M | 161.09M | 172.15M |
| Net Income | 413.60M | 347.76M | 201.37M | 128.26M | 134.07M |
Balance Sheet | |||||
| Total Assets | 1.05B | 814.79M | 616.39M | 484.44M | 412.88M |
| Cash, Cash Equivalents and Short-Term Investments | 346.90M | 343.72M | 267.66M | 212.80M | 203.80M |
| Total Debt | 128.70M | 15.98M | 8.34M | 4.05M | 4.54M |
| Total Liabilities | 456.10M | 353.32M | 280.05M | 224.61M | 164.65M |
| Stockholders Equity | 588.20M | 461.39M | 336.30M | 259.79M | 248.23M |
Cash Flow | |||||
| Free Cash Flow | 393.40M | 361.46M | 178.52M | 118.92M | 196.44M |
| Operating Cash Flow | 433.70M | 361.46M | 221.65M | 139.43M | 212.50M |
| Investing Cash Flow | -244.80M | -68.47M | -44.09M | -9.02M | -16.04M |
| Financing Cash Flow | -184.80M | -217.35M | -115.86M | -121.95M | -134.62M |
Gaztransport et technigaz Technical Analysis
Positive
204.80
Price Trends
188.47
Positive
177.16
Positive
167.38
Positive
Market Momentum
4.92
Positive
60.16
Neutral
39.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:GTT, the sentiment is Positive. The current price of 204.8 is above the 20-day moving average (MA) of 200.21, above the 50-day MA of 188.47, and above the 200-day MA of 167.38, indicating a bullish trend. The MACD of 4.92 indicates Positive momentum. The RSI at 60.16 is Neutral, neither overbought nor oversold. The STOCH value of 39.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:GTT.
Gaztransport et technigaz Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | €7.55B | 14.03 | 77.67% | 4.99% | 35.00% | 24.05% | |
76 Outperform | €2.01B | 3.06 | 34.90% | 6.70% | -14.28% | -9.30% | |
73 Outperform | €169.17B | 10.74 | 12.75% | 5.87% | -11.20% | -13.26% | |
69 Neutral | €6.26B | 15.94 | ― | 2.64% | 17.19% | 11.76% | |
67 Neutral | €985.50M | 11.20 | 4.13% | 47.20% | -8.54% | 47.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | €3.47B | 10.76 | 14.24% | 8.70% | -0.98% | 20.09% |
* Energy Sector Average
FR:GTT
Gaztransport et technigaz
199.20
63.79
47.11%
FR:MAU
Etablissements Maurel & Prom
10.18
4.85
90.96%
FR:RUI
Rubis SCA
33.60
9.06
36.90%
FR:EC
Totalenergies EP Gabon
220.00
49.12
28.75%
FR:TTE
TotalEnergies SE
78.49
22.02
39.00%
FR:TE
Technip Energies NV
34.70
5.02
16.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.