Gas Plus S.p.A. (GSP) AI Stock Analysis

Gas Plus S.p.A.

(Milan:GSP)

Select Model

Rating:80Outperform

Price Target:EUR 8.50▲(15.33% Upside)

Action:reiterated

Date:10/24/26

With an overall score of 80, Gas Plus S.p.A. presents a compelling investment case driven primarily by its highly de-risked balance sheet and robust free cash flow generation. The stock is currently exhibiting strong bullish technical momentum, while trading at a reasonable valuation with a healthy dividend yield that helps offset the inherent cyclicality of the energy sector.

Positive Factors

Conservative balance sheetLow leverage gives Gas Plus greater financial flexibility to maintain operations, fund upstream investment, and withstand earnings variability. The substantial equity base relative to debt also limits balance-sheet strain and reduces dependence on refinancing or additional borrowing.

Negative Factors

Revenue volatilityLarge year-to-year revenue swings make the company’s underlying earnings base less predictable and complicate planning for investment and distributions. Although 2025 improved, the prior declines indicate that growth may remain uneven rather than developing along a consistently durable trend.

Gas Plus S.p.A. (GSP) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 328.98M
Dividend Yield: 3.40%
Average Volume (3M): 162.91K
Price to Earnings (P/E): 13.1
Beta (1Y): -0.30
Revenue Growth: 9.71%
EPS Growth: 46.06%
Country: Italy
Employees: 133
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Exploration & Production

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 to...

Gas Plus S.p.A. Financial Statement Overview

Summary

Scores an 81 due to an exceptionally strong balance sheet with minimal leverage, surging free cash flow generation, and stabilizing profitability despite cyclical top-line volatility.

Income Statement

70Positive

Balance Sheet

88Very Positive

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	166.68M	165.58M	130.99M	157.06M	233.55M	84.64M
Gross Profit	19.68M	31.79M	22.14M	78.27M	111.58M	26.31M
EBITDA	85.72M	78.83M	54.16M	70.50M	85.08M	25.30M
Net Income	25.47M	19.77M	12.55M	49.22M	3.35M	3.15M
Balance Sheet
Total Assets	540.44M	523.01M	518.83M	513.92M	558.15M	507.77M
Cash, Cash Equivalents and Short-Term Investments	40.46M	45.99M	29.10M	24.02M	36.15M	21.11M
Total Debt	29.86M	47.85M	52.93M	72.05M	80.45M	103.26M
Total Liabilities	287.37M	276.01M	287.74M	284.97M	371.64M	336.73M
Stockholders Equity	252.98M	246.90M	230.96M	228.81M	186.36M	170.88M
Cash Flow
Free Cash Flow	67.84M	50.14M	36.65M	-5.25M	35.93M	2.96M
Operating Cash Flow	93.80M	71.11M	47.74M	19.25M	63.27M	21.05M
Investing Cash Flow	-56.20M	-24.36M	-13.67M	-16.99M	-26.66M	-18.09M
Financing Cash Flow	-38.08M	-33.65M	-26.24M	-11.59M	-27.46M	13.56M

Gas Plus S.p.A. Technical Analysis

Technical Analysis SentimentPositive

Last Price7.37

Price Trends

50DMA6.63Positive

100DMA6.13Positive

200DMA6.12Positive

Market Momentum

MACD0.30Negative

RSI64.52Neutral

STOCH78.51Neutral

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 7.37 is above the 20-day moving average (MA) of 7.00, above the 50-day MA of 6.63, and above the 200-day MA of 6.12, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 64.52 is Neutral, neither overbought nor oversold. The STOCH value of 78.51 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

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

IT:GSP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IT:GSP	80Outperform	EUR 328.98M	13.14	10.19%	3.40%	9.71%	46.06%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

* Energy Sector Average

Performance Comparison

IT:GSP and its peers over the selected period
Show on chart	Ticker	Company Name	Price	Change	% Change
	IT:GSP	Gas Plus S.p.A.	7.36	0.67	10.01%
	IT:NXT	Next Geosolutions Europe SpA	16.00	3.17	24.70%

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.

Date of analysis: Oct 24, 2026

Gas Plus S.p.A. AI Stock Analysis