Gaztransport et technigaz SA (FR:GTT)
:GTT
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Gaztransport et technigaz
(GTT)
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Rating:82Outperform
Price Target:
€243.00
▲(24.94% Upside)
Action:Reiterated
Date: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
High and sustainable margins
Consistently very high gross and net margins reflect durable pricing power from specialized LNG containment licensing and low operating intensity. High margin profile underpins long-term cash generation, funds reinvestment, dividends, and resilience through moderate revenue cycles.
Negative Factors
End-market cyclicality tied to LNG projects
Revenue and licensing activity depend on LNG carrier ordering and large project cycles, creating structural demand volatility. Even with a strong franchise, multi-year dips in shipyard or project spending can meaningfully reduce new-licence revenue and pressure utilization of engineering resources.
Read all positive and negative factors
Positive Factors
Negative Factors
High and sustainable margins
Consistently very high gross and net margins reflect durable pricing power from specialized LNG containment licensing and low operating intensity. High margin profile underpins long-term cash generation, funds reinvestment, dividends, and resilience through moderate revenue cycles.
Read all positive factors
Gaztransport et technigaz (GTT) vs. iShares MSCI France ETF (EWQ)
Market Cap
€7.48B
Dividend Yield4.99%
Average Volume (3M)96.24K
Price to Earnings (P/E)6.2
Beta (1Y)0.28
Revenue Growth25.20%
EPS Growth18.77%
CountryFR
Employees738
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)11.16
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
€206.40Price Target Upside6.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)11.35
Revenue Forecast (FY)€766.48M
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 primarily makes money by licensing its proprietary membrane containment technologies to shipyards and other project stakeholders involved in building LNG carriers and other cryogenic vessels and installations. Revenue is largely generated thro...
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
194.50
Price Trends
202.68
Positive
189.52
Positive
174.81
Positive
Market Momentum
1.47
Positive
51.26
Neutral
33.85
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 194.5 is below the 20-day moving average (MA) of 204.88, below the 50-day MA of 202.68, and above the 200-day MA of 174.81, indicating a bullish trend. The MACD of 1.47 indicates Positive momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 33.85 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | €7.48B | 6.21 | 77.67% | 4.99% | 25.20% | 18.77% | |
74 Outperform | €2.03B | 1.06 | 34.90% | 6.70% | -31.49% | 65.21% | |
73 Outperform | €178.73B | 8.58 | 12.75% | 5.87% | -11.10% | 5.79% | |
69 Neutral | €6.32B | 18.99 | ― | 2.64% | 7.22% | -6.61% | |
68 Neutral | €1.07B | 21.30 | 4.13% | 47.20% | -13.69% | -51.41% | |
60 Neutral | €3.63B | 5.73 | 14.24% | 8.70% | -1.65% | -9.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:GTT
Gaztransport et technigaz
205.00
55.09
36.75%
FR:MAU
Etablissements Maurel & Prom
10.33
5.92
134.40%
FR:RUI
Rubis SCA
34.90
7.77
28.64%
FR:EC
Totalenergies EP Gabon
238.00
63.97
36.75%
FR:TTE
TotalEnergies SE
79.79
29.77
59.51%
FR:TE
Technip Energies NV
35.66
4.56
14.67%
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.