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Gas Plus S.p.A.
(GSP)
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Rating:72Outperform
Price Target:
€6.00
▼(-0.33% Downside)
Action:Reiterated
Date:04/12/26
The score is primarily supported by strong financial footing (low leverage and improved recent free cash flow) and favorable valuation (low P/E with a solid dividend). Offsetting these positives, technical indicators point to only moderate momentum with the stock trading below several key moving averages, and the financial results have been notably volatile across recent years.
Positive Factors
Conservative balance sheet
Low leverage and a large equity base give the company durable financial flexibility. With limited debt relative to equity, Gas Plus can better absorb commodity shocks, fund capex or dividends from internal resources, and pursue opportunistic investments without heavy refinancing risk.
Negative Factors
Uneven cash conversion
Historical mismatches between reported earnings and cash generation indicate earnings quality and timing risks. Inconsistent cash conversion can constrain reinvestment, dividend reliability and increases sensitivity to working-capital swings or unexpected capex, weakening resilience in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base give the company durable financial flexibility. With limited debt relative to equity, Gas Plus can better absorb commodity shocks, fund capex or dividends from internal resources, and pursue opportunistic investments without heavy refinancing risk.
Read all positive factors
Gas Plus S.p.A. (GSP) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€246.62M
Dividend Yield4.42%
Average Volume (3M)199.83K
Price to Earnings (P/E)13.2
Beta (1Y)-0.14
Revenue Growth26.41%
EPS Growth57.53%
CountryIT
Employees127
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.43
Shares Outstanding44,909,620
10 Day Avg. Volume168,032
30 Day Avg. Volume199,834
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.23
Price to Sales (P/S)1.83
P/FCF Ratio6.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.8
Revenue Forecast (FY)€208.66M
Gas Plus S.p.A. Business Overview & Revenue Model
Company Description
Headquartered in Milan, Italy, Gas Plus S.p.A. primarily engages in the exploration and production of natural gas across the country. Its comprehensive operations also encompass the distribution, transport, and storage of natural gas, in addition ...
How the Company Makes Money
Gas Plus S.p.A. makes money primarily by monetizing natural gas it produces and by selling natural gas to customers. Key revenue streams include: (1) Upstream natural gas sales: revenue generated from the sale of natural gas extracted from the com...
Gas Plus S.p.A. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 165.58M | 130.99M | 157.06M | 233.55M | 84.64M |
| Gross Profit | 31.79M | 22.14M | 78.27M | 111.58M | 26.31M |
| EBITDA | 78.83M | 54.16M | 70.50M | 85.08M | 25.30M |
| Net Income | 19.77M | 12.55M | 49.22M | 3.35M | 3.15M |
Balance Sheet | |||||
| Total Assets | 523.01M | 518.83M | 513.92M | 558.15M | 507.77M |
| Cash, Cash Equivalents and Short-Term Investments | 45.99M | 29.10M | 24.02M | 36.15M | 21.11M |
| Total Debt | 47.85M | 52.93M | 72.05M | 80.45M | 103.26M |
| Total Liabilities | 276.01M | 287.74M | 284.97M | 371.64M | 336.73M |
| Stockholders Equity | 246.90M | 230.96M | 228.81M | 186.36M | 170.88M |
Cash Flow | |||||
| Free Cash Flow | 50.14M | 36.65M | -5.25M | 35.93M | 2.96M |
| Operating Cash Flow | 71.11M | 47.74M | 19.25M | 63.27M | 21.05M |
| Investing Cash Flow | -24.36M | -13.67M | -16.99M | -26.66M | -18.09M |
| Financing Cash Flow | -33.65M | -26.24M | -11.59M | -27.46M | 13.56M |
Gas Plus S.p.A. Technical Analysis
Positive
6.02
Price Trends
5.57
Positive
5.84
Negative
6.16
Negative
Market Momentum
0.05
Negative
58.70
Neutral
27.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:GSP, the sentiment is Positive. The current price of 6.02 is above the 20-day moving average (MA) of 5.63, above the 50-day MA of 5.57, and below the 200-day MA of 6.16, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 58.70 is Neutral, neither overbought nor oversold. The STOCH value of 27.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:GSP.
Gas Plus S.p.A. Peers Comparison
UnderperformOutperform
Sector (65)
IT:GSP
Gas Plus S.p.A.
5.70
1.59
38.65%
IT:NXT
Next Geosolutions Europe SpA
15.75
5.45
52.85%
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.