Gas Plus S.p.A. (IT:GSP)
:GSP
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Gas Plus S.p.A.
(GSP)
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Rating:72Outperform
Price Target:
€7.00
▲(2.94% Upside)
Action:ReiteratedDate: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
Materially lower leverage provides durable financial flexibility. A low debt load relative to equity reduces refinancing risk, supports capital spending on fields, and allows the company to better absorb commodity-driven revenue swings while preserving access to funding and dividends.
Negative Factors
Volatile revenue and earnings history
Pronounced year-to-year swings in revenue and profit reduce the predictability of cash flows and complicate long-range planning. This volatility can impair investment timing, dividend policy consistency, and may lead to more conservative capital allocation when market conditions are uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Materially lower leverage provides durable financial flexibility. A low debt load relative to equity reduces refinancing risk, supports capital spending on fields, and allows the company to better absorb commodity-driven revenue swings while preserving access to funding and dividends.
Read all positive factors
Gas Plus S.p.A. (GSP) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€261.87M
Dividend Yield2.98%
Average Volume (3M)199.83K
Price to Earnings (P/E)7.9
Beta (1Y)-0.06
Revenue Growth26.41%
EPS Growth55.24%
CountryIT
Employees136
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.21
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)0.82
Revenue Forecast (FY)€210.30M
Gas Plus S.p.A. Business Overview & Revenue Model
Company Description
Gas Plus S.p.A. engages in the exploration and production of natural gas in Italy. The company is also involved in the distribution, transport, and storage of natural gas; and sells methane gas, and oil and condensates. As of December 31, 2020, it...
How the Company Makes Money
GSP generates revenue primarily by selling produced hydrocarbons (mainly natural gas, and where applicable oil/condensates) from its fields to the market under commercial offtake arrangements. Its core revenue stream is therefore upstream producti...
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 | 53.88M | 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
Negative
6.80
Price Trends
6.60
Negative
6.73
Negative
6.20
Negative
Market Momentum
-0.13
Positive
39.11
Neutral
6.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:GSP, the sentiment is Negative. The current price of 6.8 is below the 20-day moving average (MA) of 6.85, above the 50-day MA of 6.60, and above the 200-day MA of 6.20, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 39.11 is Neutral, neither overbought nor oversold. The STOCH value of 6.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:GSP.
Gas Plus S.p.A. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €28.71B | 10.18 | 11.48% | 4.46% | -8.27% | -2.32% | |
72 Outperform | €261.87M | 7.89 | 7.52% | 2.98% | 26.41% | 55.24% | |
72 Outperform | €20.49B | 8.31 | 14.70% | 4.41% | 11.53% | 4.48% | |
68 Neutral | €22.40B | 9.55 | 17.62% | 5.18% | 8.57% | 0.85% | |
66 Neutral | €8.56B | 15.58 | 13.05% | 6.99% | 6.52% | 1.86% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | €67.12B | 17.09 | 5.51% | 6.39% | -10.29% | 0.49% |
* Energy Sector Average
IT:GSP
Gas Plus S.p.A.
6.01
2.80
86.99%
IT:ENI
ENI S.p.A.
23.01
11.08
92.83%
IT:SRG
SNAM S.p.A.
6.68
1.97
41.92%
IT:TEN
Tenaris
26.87
12.76
90.42%
IT:TRN
Terna S.p.A.
10.15
1.92
23.33%
IT:SPM
Saipem SpA
4.52
2.63
139.13%
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.