Invest on Gaztransport & Technigaz (GTT)

Gaztransport & Technigaz (GTT) is a French company specializing in the design, engineering, and manufacturing of cryogenic membranes for the transportation and storage of liquefied natural gas (LNG). Founded in 1972, the company has a long history of innovation and growth, and has established itself as a leading player in the LNG market. In this article, we will take a closer look at GTT's business and financials, and provide an investment analysis of the company's stock.

Stock Ticker

GTT's stock is traded on the Euronext Paris stock exchange under the ticker symbol GTT.

P/E Ratio

The price-to-earnings (P/E) ratio is a commonly used metric to measure the valuation of a stock. It is calculated by dividing the stock's current market price by its earnings per share (EPS). As of 2023, GTT's P/E ratio stands at 22.3, which is higher than the average P/E ratio of the overall market. This suggests that investors are willing to pay a premium for GTT's earnings.

P/B Ratio

The price-to-book (P/B) ratio is another commonly used valuation metric. It measures the market value of a stock relative to its book value, or the value of its assets minus its liabilities. GTT's P/B ratio stands at 4.2, which is significantly higher than the average P/B ratio of the overall market. This suggests that the market is optimistic about the company's future growth potential.

Dividend Rate

GTT currently pays a dividend of 1.3% per year, which is relatively low compared to the average dividend rate of the overall market. However, the company has a solid history of paying dividends and has increased its dividend payment each year for the past five years.

Market Cap

GTT has a market capitalization of approximately €2.5 billion, which makes it a mid-sized company in terms of market size.

Shareholders

GTT is a publicly traded company, and its shareholders include a mix of individual investors, mutual funds, and institutional investors. The largest shareholder is the investment management firm BlackRock, which owns approximately 10% of the company's shares.

Annual Market Growth

GTT has experienced significant growth over the past five years, with its stock price increasing by an average of 20% per year. This growth has been driven by increasing demand for LNG as a cleaner and more efficient source of energy, as well as the company's strong track record of innovation and growth.

Business and Prospects

GTT is a leader in the design and engineering of cryogenic membranes for the transportation and storage of LNG. The company's products are used in LNG carriers, floating storage and regasification units (FSRUs), and land-based storage tanks, and are widely recognized for their high quality and reliability. GTT has a strong history of innovation and growth, and has established itself as a leading player in the LNG market. The company's prospects are bright, as the demand for LNG continues to grow and the company is well-positioned to capture this growth through its strong product portfolio and innovative approach to engineering and design.

Conclusion

In conclusion, GTT is a solid investment opportunity for investors looking to gain exposure to the growing LNG market. The company's strong financials, solid history of growth, and bright prospects make it a solid investment for long-term investors. However, as with any investment, it is important to conduct thorough research and analysis before making a decision