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Gaztransport et technigaz
(GTT)
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Rating:78Outperform
Price Target:
€206.00
▼(-2.74% Downside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by excellent financial performance (very high margins, improved recent cash conversion, and low overall leverage), partly offset by weak technicals with the stock trading well below key moving averages and bearish momentum indicators. Valuation is a supportive secondary factor due to a reasonable P/E and a high dividend yield.
Positive Factors
Exceptional Profitability
Sustained net margins of roughly 42%–54% demonstrate strong economics in GTT’s licensing and engineering model. This profitability provides resilience, supports investment in proprietary technologies and services, and leaves substantial capacity to return cash while funding future growth.
Negative Factors
Debt Increase
Although leverage remains manageable, the sharp increase in debt changes GTT’s previously very lightly leveraged profile. Higher borrowing can increase financing commitments and reduce flexibility if vessel-order conditions weaken, making debt discipline and future capital allocation important to monitor.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional Profitability
Sustained net margins of roughly 42%–54% demonstrate strong economics in GTT’s licensing and engineering model. This profitability provides resilience, supports investment in proprietary technologies and services, and leaves substantial capacity to return cash while funding future growth.
Read all positive factors
Gaztransport et technigaz (GTT) vs. iShares MSCI France ETF (EWQ)
Market Cap
€7.05B
Dividend Yield4.67%
Average Volume (3M)118.98K
Price to Earnings (P/E)16.0
Beta (1Y)0.03
Revenue Growth9.02%
EPS Growth24.12%
CountryFR
Employees732
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)11.98
Shares Outstanding37,117,770
10 Day Avg. Volume159,704
30 Day Avg. Volume118,979
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
€230.43Price Target Upside8.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)11.39
Revenue Forecast (FY)€767.62M
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 gases in South Korea, China, and internationally. It operates through the C...
How the Company Makes Money
GTT primarily makes money by licensing its proprietary membrane containment technologies to shipbuilders for installation on newbuild vessels (notably LNG carriers) and on certain liquefied gas storage/transport applications. Under this model, whe...
Gaztransport et technigaz Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 801.61M | 803.00M | 641.39M | 427.70M | 307.29M | 314.74M |
| Gross Profit | 506.28M | 520.10M | 586.61M | 399.32M | 293.77M | 302.02M |
| EBITDA | 580.24M | 550.80M | 389.00M | 243.40M | 161.09M | 172.15M |
| Net Income | 444.04M | 413.60M | 347.76M | 201.37M | 128.26M | 134.07M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 1.05B | 814.79M | 616.39M | 484.44M | 412.88M |
| Cash, Cash Equivalents and Short-Term Investments | 381.90M | 346.90M | 343.72M | 267.66M | 212.80M | 203.80M |
| Total Debt | 104.70M | 126.30M | 15.98M | 8.34M | 4.05M | 4.54M |
| Total Liabilities | 452.40M | 456.10M | 353.32M | 280.05M | 224.61M | 164.65M |
| Stockholders Equity | 613.80M | 588.20M | 461.39M | 336.30M | 259.79M | 248.23M |
Cash Flow | ||||||
| Free Cash Flow | 465.36M | 393.40M | 361.46M | 178.52M | 118.92M | 196.44M |
| Operating Cash Flow | 497.29M | 433.70M | 361.46M | 221.65M | 139.43M | 212.50M |
| Investing Cash Flow | -221.07M | -244.80M | -68.47M | -44.09M | -9.02M | -16.04M |
| Financing Cash Flow | -251.03M | -184.80M | -217.35M | -115.86M | -121.95M | -134.62M |
Gaztransport et technigaz Technical Analysis
Negative
211.80
Price Trends
211.80
Negative
202.51
Negative
196.72
Negative
Market Momentum
-6.14
Positive
38.13
Neutral
32.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:GTT, the sentiment is Negative. The current price of 211.8 is above the 20-day moving average (MA) of 206.69, above the 50-day MA of 211.80, and above the 200-day MA of 196.72, indicating a bearish trend. The MACD of -6.14 indicates Positive momentum. The RSI at 38.13 is Neutral, neither overbought nor oversold. The STOCH value of 32.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | €7.05B | 15.97 | 73.88% | 4.67% | 9.02% | 24.12% | |
78 Outperform | €4.94B | 9.32 | 20.10% | 7.85% | -6.94% | -5.19% | |
66 Neutral | €5.82B | 12.99 | ― | 3.07% | 2.03% | -31.28% | |
65 Neutral | €9.70B | 8.94 | 13.97% | 4.80% | 5.42% | 7.59% | |
60 Neutral | €5.43B | 64.97 | -2.71% | 2.34% | -12.95% | -145.02% | |
57 Neutral | €7.30B | 42.24 | 14.23% | 2.60% | 3.06% | 47.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:GTT
Gaztransport et technigaz
191.30
29.01
17.87%
FR:FGR
Eiffage
100.10
-2.59
-2.52%
FR:NEX
Nexans
124.10
4.49
3.75%
FR:SPIE
SPIE SA
42.24
-3.12
-6.88%
FR:VK
Vallourec
19.01
4.65
32.38%
FR:TE
Technip Energies NV
32.60
-3.62
-9.98%
Gaztransport et technigaz Corporate Events
GTT Sets Fixed Remuneration as New Chairwoman Takes Over
Oct 23, 2026
GTT has announced a governance change, with long-serving chairman Philippe Berterottière resigning as Chairman of the Board and Director, and Catherine Ronge appointed as Chairwoman effective 16 November 2026. The Board has approved her remun...
GTT Holds 2026 Targets as Strong LNG Orders Offset Revenue Dip
Oct 23, 2026
GTT reported nine‑month 2026 revenue of €570.1 million, down 4.9% from last year’s record level, as a prior dip in LNG carrier orders and a return of ship delivery schedules to original timelines slightly deferred revenue recogni...
GTT Updates Market on Share Capital and Voting Rights Structure as of September 2026
Oct 6, 2026
Gaztransport et Technigaz reported that as of September 30, 2026, its share capital comprised 37,117,772 shares, corresponding to an equal number of theoretical voting rights, with net voting rights slightly lower at 37,077,785 after excluding tre...
GTT Updates Market on Share Capital and Voting Rights as of August 2026
Sep 3, 2026
Gaztransport et Technigaz has disclosed its capital structure as of 31 August 2026, reporting 37,117,772 shares making up its share capital. The company also indicates a total of 37,117,772 theoretical voting rights and 37,078,713 net voting right...
GTT Updates Market on Share Capital and Voting Rights as of July 2026
Jul 31, 2026
Gaztransport et Technigaz has reported its share capital structure as of July 31, 2026, disclosing a total of 37,117,772 shares outstanding. On the same date, the company recorded a theoretical total of 37,117,772 voting rights and a net total of ...
GTT posts solid H1 2026 results as record order book and LNG demand underpin outlook
Jul 28, 2026
GTT reported first-half 2026 revenue of €387.3 million, essentially flat year on year, and EBITDA of €263.6 million with a strong 68.1% margin, supported by a record order book of €1.9 billion and 65 new orders, mainly LNG carrie...
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.