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

Updated on 07/20/2026

We analyzed Italgas stock against the 10 quality criteria of Lubin Investment. The company gets a quality score of 6/10, meaning medium quality, and a P/FCF valuation multiple of 19.1×.

Sector: Utilities - Regulated Gas. Listing: MI. Current price: 10.13 EUR.

Lubin scoring methodology

Italgas S.p.A. (IG.MI)'s score is calculated automatically from 10 objective financial criteria, with no human intervention or opinion. Each criterion is validated (YES / PARTIAL / NO) based on thresholds drawn from the financial literature (Warren Buffett, Bettin-Mauboussin, Aswath Damodaran). The final score is the sum of validations.

The 10 quantitative criteria analyzed

1. Profitable: positive net margin
2. Growing revenue: revenue growing > 10%/year over 5 years
3. Growing earnings per share: FCF per share adjusted for stock-based compensation, > 10%/year over 5 years
4. Share count under control: stable or declining (net buybacks = value creation for shareholders)
5. Cash profitability: free cash flow margin > 10% of revenue
6. Expanding margins: operating margin widens over 5 years (operating leverage)
7. Return on invested capital: Bettin-Mauboussin Cash ROCE > 15% per year
8. Debt under control: net debt repayable in less than 3 years of free cash flow
9. Earnings converted to cash: free cash flow exceeds accounting net income
10. Net collection period: short or negative cash conversion cycle

Frequently asked questions

Is Italgas a quality stock?

Italgas gets a quality score of 6/10 (medium quality), calculated over the 10 Lubin Investment criteria: profitability, revenue and free cash flow growth, share buybacks, margins, debt and return on capital.

How is Italgas's score calculated?

The score is the total of validated criteria (YES / PARTIAL / NO) using thresholds drawn from the financial literature (Warren Buffett, Mauboussin, Aswath Damodaran), automatically and with no human opinion.

What is Italgas's P/FCF?

The price-to-free-cash-flow (P/FCF) multiple of Italgas stock is 19.1×. At Lubin Investment, valuation is judged separately from quality.

Where to see Italgas's full analysis?

The full interactive analysis (10-criteria detail, history, P/FCF valuation, sector comparisons) is available at https://lubin-investment.com/analyse/IG.MI?lng=en.

Other stocks in the Utilities Regulated Gas sector

• New Jersey Resources (NJR) — score 8/10, P/FCF 15.0×
• NiSource (NI) — score 6/10, P/FCF 455.1×
• Spire (SR) — score 6/10, P/FCF 22.3×
• Opal Fuels (OPAL) — score 6/10
• MDU Resources Group (MDU) — score 6/10, P/FCF 47.9×

Go further

👉 See the full interactive analysis of IG.MI

Other resources : Detailed methodology · All stocks in the Utilities Regulated Gas sector · Stocks rated 10 out of 10 · Top quality companies · Lubin Investment pricing.