Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Gaztransport et Technigaz SA is a French engineering company specializing in cryogenic membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG). Formed in 1994 from the merger of Gaztransport and Technigaz, it holds a leading global position, designing innovative technologies like NO96 and Mark III that maintain LNG at -163°C, enabling efficient shipping and reducing volume by 600 times compared to gaseous state. The company licenses these systems to shipyards, primarily in South Korea and China, for LNG carriers, floating storage units, multigas tankers, and offshore applications. Beyond core royalties from vessel construction, Gaztransport et Technigaz SA provides engineering consultancy, training, maintenance support, digital solutions for smart shipping, and electrolysers for green hydrogen production via its Elogen subsidiary. It also develops LNG propulsion for merchant vessels and small-scale storage solutions, serving energy firms, terminal operators, and classification societies. Headquartered in Saint-Rémy-lès-Chevreuse with around 888 employees, the firm drives advancements in sustainable marine energy infrastructure and emerging markets like hydrogen and biogas.
Margins and capital returns are both well above average: 64.92% operating margin, ROIC at 75.53%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 25.2% YoY with margins expanding 6.6pp.
ROIC dropped from 79.18% to 75.53%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€803M
▲ +25.2% YoY
Net Income (TTM)
€414M
▲ +18.9% YoY
Op. Margin
64.92%
▲ +6.6pp YoY
ROIC
75.53%
▼ -3.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€383M
▲ +27.7% YoY
Op. Cash Flow (TTM)
€425M
▲ +21.4% YoY
Net Debt
-€221M
Net Cash Position
Cash & Equiv.
€347M
3Y CAGR: +37.7%
3Y CAGR: +47.7%
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