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

5 Followers

Gas Plus S.p.A.

(Milan:GSP)

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Rating:72Outperform

Price Target:EUR 8.50▲(24.63% Upside)

Action:reiterated

Date:10/24/26

The score is primarily driven by solid financial fundamentals—low leverage and strong recent free cash flow—tempered by notable earnings and revenue volatility. Technicals are supportive due to a strong uptrend and positive MACD, but overbought signals (RSI/Stoch) reduce the near-term outlook. Valuation adds support with a moderate P/E and ~3.35% dividend yield.

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 300.22M
Dividend Yield: 3.67%
Average Volume (3M): 158.38K
Price to Earnings (P/E): 12.2
Beta (1Y): -0.32
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

Financial health is supported by a conservatively levered balance sheet (debt-to-equity ~0.23 in 2024) and strong recent cash generation (2025 operating cash flow ~71m; free cash flow ~50m). The main drawback is volatility in revenue and earnings across years, including a sharp revenue drop in 2023–2024 and materially lower net income in 2024–2025 versus the 2023 peak.

Income Statement

67Positive

Balance Sheet

78Positive

Cash Flow

71Positive

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 SentimentNeutral

Last Price6.82

Price Trends

50DMA6.80Positive

100DMA6.26Positive

200DMA6.14Positive

Market Momentum

MACD0.05Positive

RSI44.36Neutral

STOCH6.62Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:GSP, the sentiment is Neutral. The current price of 6.82 is below the 20-day moving average (MA) of 7.14, above the 50-day MA of 6.80, and above the 200-day MA of 6.14, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 44.36 is Neutral, neither overbought nor oversold. The STOCH value of 6.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	72Outperform	EUR 300.22M	12.18	10.19%	3.67%	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.	6.82	0.13	1.94%
	IT:NXT	Next Geosolutions Europe SpA	16.05	3.91	32.24%

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