Added to YB: 2026-07-09
Pitch date: 2026-04-29
GTT.PA [bullish]
Gaztransport & Technigaz SA
-2.75%
current return
Author Info
No bio for this author
Company Info
Gaztransport & Technigaz SA, a technology and engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied gases in South Korea, China, and internationally.
Market Cap
EUR 6.9B
Pitch Price
EUR 199.29
Price Target
237.00 (+22%)
Dividend
5.28%
EV/EBITDA
12.56
P/E
16.82
EV/Sales
8.36
Sector
Oil, Gas and Consumable Fuels
Category
growth
Gaztransport & Technigaz SA - $GTT.PA
GTT.PA: French LNG containment monopoly (80-90% fleet, 98% recent orders), asset-light royalty model on S.Korean/China shipyards. Tailwinds: LNG demand, AI power needs, vessel replacement cycle, Danalec cross-sell into 15k ships. ~18x P/E, 16x P/FCF, 4-5% div yield. DCF ~$237 fair value w/ 9% FCF growth; long-term upside if margins hold, diversification executes. Risks: customer/geo concentration, cyclicality, faster clean-energy shift, CEO turnover.
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