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Italgas S.p.A. (IG.MI)

EUR9.94 -0.20 (-1.99%)
IT MIL Utilities Regulated Gas
Address 11 via Carlo Bo 20143
Milan, MI, IT
CEO Paolo Gallo
Website italgas.it
IPO 2016-11-07
ISIN IT0005211237

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Also trades on Italian Stock Exchange · IG.MI (EUR) Other OTC · ITGGF (USD)
Description

Italgas S.p.A. and its affiliated entities specialize in the distribution of natural gas across Italy. Their core operations involve the transportation of gas via local pipeline infrastructure, extending from designated delivery points—reduction and measurement stations interconnected with national transport grids—directly to final consumers, including residential properties and commercial enterprises. The company manages an extensive gas distribution network spanning 74,397 kilometers. Additionally, Italgas provides gas metering services and is active in the supply and sale of water. Founded in 1837, the company's corporate headquarters are situated in Milan, Italy.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR9.94 -0.20 (-1.99%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.69
Float Shares
672.03M
Free Float %
66.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.10% -0.53% -1.47% -3.21% +11.88% +7.60% +55.76% +74.00% +88.84% +178.95% +379.49%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
9.94
Ratings Trend (MoM) 38% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 10 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.16
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Gas: +4.9%
    +39.6% Q4'25: +18.0% (vs Q4'23)
  • EPS growth Regulated Gas: +13.8%
    +11.9% Q4'25: +60.7% (vs Q4'23)
  • FCF margin FCF growth · Regulated Gas: +30.8%
    +21.7% Q4'25: +32.9% (vs Q4'23)
  • EBIT margin Regulated Gas: +12.9%
    +32.8% Q4'25: +56.4% (vs Q4'23)
  • ROIC Regulated Gas: +4.7%
    +5.5% Q4'25: +16.9% (vs Q4'23)
  • Share dilution Regulated Gas: 0.0%
    +25.2% Q4'25: +25.3% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    6.13× Q4'25: 2.07× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.69) × ERP
WACC = 48% × Ke + 52% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 9.94
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
12 Rev. Ana.
10 EPS Ana.
Dec 2027
13 Rev. Ana.
11 EPS Ana.
Dec 2028
11 Rev. Ana.
8 EPS Ana.
Dec 2029
5 Rev. Ana.
6 EPS Ana.
Dec 2030
5 Rev. Ana.
6 EPS Ana.
Revenue
466.71M
est: 1.11B (-58.1%)
1.60B
est: 1.11B (+44.7%)
1.62B
est: 1.18B (+37.4%)
1.82B
est: 1.25B (+46.0%)
2.06B
est: 1.35B (+52.8%)
2.10B
est: 1.38B (+52.4%)
2.18B
est: 1.46B (+49.2%)
2.61B
est: 2.52B (+3.5%)
2.51B
est: 1.80B (+39.6%)
3.51B
est: 2.50B (+40.3%)
2.79B
2.71B – 2.91B
+11.7% YoY
2.96B
2.84B – 3.38B
+5.9% YoY
3.13B
3.13B – 3.13B
+6.0% YoY
3.30B
3.19B – 3.61B
+5.3% YoY
3.49B
3.37B – 3.81B
+5.6% YoY
EBITDA
181.64M
est: 558.53M (-67.5%)
835.29M
est: 555.49M (+50.4%)
851.85M
est: 590.31M (+44.3%)
921.12M
est: 625.64M (+47.2%)
1.05B
est: 676.08M (+55.0%)
1.02B
est: 691.33M (+48.0%)
1.12B
est: 734.65M (+52.9%)
1.20B
est: 1.28B (-6.1%)
1.36B
est: 911.63M (+48.7%)
1.86B
est: 1.27B (+47.2%)
1.41B
1.37B – 1.47B
+11.7% YoY
1.50B
1.44B – 1.71B
+5.9% YoY
1.59B
1.59B – 1.59B
+6.0% YoY
1.67B
1.61B – 1.83B
+5.3% YoY
1.77B
1.70B – 1.93B
+5.6% YoY
EBIT
49.98M
est: 322.00M (-84.5%)
434.67M
est: 320.24M (+35.7%)
469.98M
est: 340.31M (+38.1%)
609.80M
est: 360.68M (+69.1%)
603.95M
est: 389.76M (+55.0%)
579.03M
est: 398.55M (+45.3%)
640.49M
est: 423.53M (+51.2%)
675.82M
est: 745.50M (-9.3%)
806.44M
est: 532.60M (+51.4%)
1.15B
est: 739.64M (+55.6%)
825.93M
801.67M – 860.38M
+11.7% YoY
874.67M
840.40M – 999.33M
+5.9% YoY
927.09M
927.08M – 927.09M
+6.0% YoY
976.52M
942.88M – 1.07B
+5.3% YoY
1.03B
995.68M – 1.13B
+5.6% YoY
Net Income
-123.79M
est: 223.65M (-155.3%)
292.77M
est: 260.47M (+12.4%)
313.70M
est: 286.12M (+9.6%)
417.24M
est: 317.69M (+31.3%)
384.63M
est: 318.79M (+20.7%)
362.81M
est: 336.96M (+7.7%)
407.29M
est: 345.95M (+17.7%)
439.57M
est: 599.27M (-26.6%)
478.85M
est: 582.56M (-17.8%)
672.30M
est: 682.52M (-1.5%)
743.30M
736.59M – 759.88M
+8.9% YoY
799.35M
773.47M – 864.39M
+7.5% YoY
891.15M
858.38M – 954.59M
+11.5% YoY
971.33M
927.83M – 1.09B
+9.0% YoY
1.00B
959.47M – 1.13B
+3.4% YoY
SGA
101.34M
est: 89.95M (+12.7%)
231.69M
est: 89.46M (+159.0%)
253.73M
est: 95.07M (+166.9%)
198.28M
est: 100.76M (+96.8%)
196.62M
est: 108.88M (+80.6%)
214.18M
est: 111.34M (+92.4%)
235.77M
est: 118.31M (+99.3%)
129.83M
est: 181.73M (-28.6%)
122.82M
est: 129.83M (-5.4%)
182.03M
est: 180.30M (+1.0%)
201.34M
195.43M – 209.74M
+11.7% YoY
213.22M
204.87M – 243.61M
+5.9% YoY
226.00M
226.00M – 226.00M
+6.0% YoY
238.05M
229.85M – 260.38M
+5.3% YoY
251.38M
242.72M – 274.96M
+5.6% YoY
EPS
-0.15
est: 0.28 (-154.4%)
0.36
est: 0.32 (+12.1%)
0.39
est: 0.35 (+10.6%)
0.52
est: 0.39 (+32.8%)
0.48
est: 0.39 (+22.1%)
0.45
est: 0.42 (+8.3%)
0.50
est: 0.43 (+17.2%)
0.54
est: 0.57 (-4.9%)
0.59
est: 0.55 (+6.4%)
0.66
est: 0.68 (-3.0%)
0.74
0.73 – 0.75
+8.2% YoY
0.80
0.76 – 0.85
+8.0% YoY
0.88
0.85 – 0.94
+10.4% YoY
0.96
0.91 – 1.07
+8.9% YoY
0.99
0.94 – 1.11
+3.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-05-08 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-05-07 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-05-06 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-05-05 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-05-04 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-04-30 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-04-29 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-04-28 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-04-27 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
588.24M
OE per share TTM
0.73
Owner's Yield
5.56%
Maintenance CapEx ratio
213.23%
Maint CapEx / Avg PPE
16.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 258 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 UBS Factor MSCI EMU Low Volatility UCITS ETF EUR dis UD02.L 1.58% 161.0K 0.25%
2 iShares MSCI Italy ETF EWI 1.37% 12.34M 0.50%
3 Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D XD3E.L 1.21% 10.50M 0.30%
4 Amundi Italy MIB ESG UCITS ETF Acc FMI.PA 1.14% 2.45M 0.18%
5 Fidelity International Multifactor ETF FDEV 1.10% 3.00M 0.18%
6 Desjardins RI Developed ex-USA exCanada Multifactor - Net-Zero Emissions DRFD.TO 1.04% 2.36M 0.45%
7 Xtrackers MSCI Europe Utilities Screened UCITS ETF 1C XS6R.L 1.03% 948.9K 0.17%
8 iShares STOXX Europe 600 Utilities UCITS ETF (DE) EXH9.DE 1.02% 9.61M 0.46%
9 State Street SPDR MSCI Europe Utilities UCITS ETF STUX.SW 0.99% 7.88M 0.18%
10 State Street SPDR EURO STOXX Low Volatility UCITS ETF (Acc) ZPRL.DE 0.94% 333.8K 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
177.0K
Shares Outstanding
1.02B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Paolo Gallo Chief Executive Officer, GM & Director 3M male
Anna Maria Scaglia Head of Investor Relations female
Chiara Ganz Chief of External Relations & Sustainability female
Germana Mentil General Counsel female
Gianfranco Amoroso Chief Financial Officer male
Nunzio Ferrulli Head of Public & Regulatory Affairs male
Paolo Bosato Head of Internal Audit
Peter Durante Chief People, Innovation & Transformation Officer male
Alessandro Menna Chief Security Officer male
Raffaella Marcuccio Head of Procurement & Material Management female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits