Italgas S.p.A. (IG.MI) stock analysis
In our weekly check, Italgas S.p.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 1, red flags: 4.
About Italgas S.p.A.
Italgas S.p.A. is an Utilities company (Regulated Gas) based in Italy, listed on MIL as IG.MI.
What our checks show for IG.MI
Red flags
- Net debt is 5.9x a year of EBITDA (debt/equity 3.21). That limits room in a downturn and raises refinancing risk.
- Analysts expect revenue to shrink about 3.9% a year.
- The stock has fallen as much as 74% from a peak. Would you have held through that?
- The share count grew by 25.3% in 2 years: each shareholder owns a smaller slice.
Warning signs
- The stock is still below its previous peak.
Strengths
- The net margin rose by 1.9 points over 5 years, to 19.2%.
- The gross margin is 43.6% and has risen by 9.2 points: pricing power is holding.
- Operating cash flow is 2.42x net profit: the profit arrives as real cash.
- Analysts expect the net margin to improve by 9.5 points from today's 19.2%.
- Revenue grew 17.1% a year over the last 3 years.
- Net profit grew 18.2% a year over the last 3 years.
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Questions
What grade does Italgas S.p.A. (IG.MI) have?
In our weekly check, Italgas S.p.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 1, red flags: 4. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of IG.MI stock?
This week's biggest flags for Italgas S.p.A.: High debt, Weak revenue forecast, Deep past fall. In total 5 of 25 checks show a warning or a red flag.
What does Italgas S.p.A. do?
Italgas S.p.A. is an Utilities company (Regulated Gas) based in Italy, listed on MIL as IG.MI.
The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.
Updated 2026-10-24
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