Italgas SpA
SWB:I10
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (6.8), the stock would be worth €6.73 (35% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 10.5 | €10.4 |
0%
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| 3-Year Average | 6.8 | €6.73 |
-35%
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| 5-Year Average | 6.5 | €6.45 |
-38%
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| Industry Average | 5.7 | €5.7 |
-45%
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| Country Average | 7.6 | €7.54 |
-28%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
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€20.7B
|
/ |
Jan 2026
€2B
|
= |
|
|
€20.7B
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/ |
Dec 2026
€2.2B
|
= |
|
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€20.7B
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/ |
Dec 2027
€2.4B
|
= |
|
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€20.7B
|
/ |
Dec 2028
€2.5B
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| IT |
|
Italgas SpA
SWB:I10
|
10.5B EUR | 10.5 | 15.7 | |
| US |
|
Atmos Energy Corp
NYSE:ATO
|
30.2B USD | 17 | 24.7 | |
| ES |
|
Naturgy Energy Group SA
MAD:NTGY
|
25.1B EUR | 6.7 | 12.5 | |
| IT |
|
Snam SpA
MIL:SRG
|
22.5B EUR | 12.3 | 18 | |
| HK |
|
Hong Kong and China Gas Co Ltd
HKEX:3
|
135.7B HKD | 21.1 | 23.8 | |
| JP |
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Osaka Gas Co Ltd
TSE:9532
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2.3T JPY | 9 | 12.3 | |
| JP |
T
|
Tokyo Gas Co Ltd
TSE:9531
|
2.2T JPY | 6.6 | 10.8 | |
| IN |
|
GAIL (India) Ltd
NSE:GAIL
|
1.1T INR | 9 | 12.6 | |
| CA |
|
AltaGas Ltd
TSX:ALA
|
15B CAD | 13.4 | 20.1 | |
| CN |
|
ENN Natural Gas Co Ltd
SSE:600803
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64.5B CNY | 6.7 | 13.8 | |
| AU |
|
APA Group
ASX:APA
|
13.1B AUD | 27.9 | 80.3 |
Market Distribution
| Min | 0.7 |
| 30th Percentile | 5.2 |
| Median | 7.6 |
| 70th Percentile | 10.8 |
| Max | 3 328.6 |
Other Multiples
Italgas SpA
Glance View
At the heart of Italy's rich tapestry of industrial history lies Italgas SpA, a company that has been channeling energy across the nation since the nineteenth century. Founded in 1837, Italgas has evolved alongside Italy, adapting to the shifting tides of economic and environmental demands. The company specializes in the distribution of natural gas, constructing and operating a vast network of pipelines that thread through urban and rural landscapes. Italgas connects producers and end-users, a crucial link that empowers everything from residential heating to large-scale industrial operations. Through meticulous management of these extensive networks, Italgas ensures a reliable, safe, and efficient delivery of energy, which resonates as the lifeblood of modern society. Revenue generation at Italgas is intrinsically tied to its core utility service. By investing in cutting-edge infrastructure and technological upgrades, such as smart meters and advanced monitoring systems, the company enhances operational efficiency and customer satisfaction. This focus on technological advancement allows Italgas to streamline its distribution processes, reduce waste, and meet regulatory standards for safety and environmental responsibility. Earnings are bolstered by stable, long-term contracts with municipalities and agreements with domestic and industrial consumers, which provide a predictable flow of income. These strategic pillars not only underpin the company's financial robustness but also align it with the broader goals of sustainable energy and innovation.