GTT GTT.PA
GTT is a French engineering company that licenses containment technologies for LNG carriers and tanks, with a business model based on royalties for the use of its intellectual property. GTT has impeccable financial health (net cash, 64% operating margin) and an exceptional moat (79.59% ROE), but its valuation (18.44 P/E, 13.28 P/B) already discounts these strengths, and revenue growth has stalled (-0.40%), limiting upside potential.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
GTT is a French engineering company that licenses containment technologies for LNG carriers and tanks, with a business model based on royalties for the use of its intellectual property. GTT has impeccable financial health (net cash, 64% operating margin) and an exceptional moat (79.59% ROE), but its valuation (18.44 P/E, 13.28 P/B) already discounts these strengths, and revenue growth has stalled (-0.40%), limiting upside potential.
Score by category
| Category | Score |
|---|---|
| Financial health | 9.0 |
| Quality / Moat | 9.2 |
| Valuation | 4.4 |
| Growth | 5.1 |
| Dividend | 7.1 |
| Momentum | 6.4 |
| Risk & Context | 7.3 |
OVERALL SCORE: 7.1/10
Context and risks
GTT depends on the construction of new LNG carriers, a cyclical business tied to LNG demand. The Strait of Hormuz blockade and crude oil volatility create uncertainty about the profitability of new LNG projects, although GTT's current order book provides medium-term visibility.
News considered in the analysis
- 3 European Energy Stocks Linked To Non Russian Crude Routes — Listículo genérico sin información específica sobre GTT.
- Gaztransport et technigaz SA (GZPZF) (H1 2026) Earnings Call Highlights: Strong Order Book and ... — Resultados semestrales con una cartera de pedidos sólida, refuerza la visibilidad de ingresos futuros por regalías.
- Is Gaztransport & Technigaz (ENXTPA:GTT) Still Attractive After The Recent Share Price Pullback? — Análisis de valoración sin información nueva material.
- Is Gaztransport & Technigaz (ENXTPA:GTT) Still Attractive After Strong Multi‑Year Share Price Gains — Artículo de opinión sobre la trayectoria de la acción, sin hechos nuevos.
- Gaztransport et technigaz SA (GZPZF) Full Year 2025 Earnings Call Highlights: Record Revenue ... — Resultados récord de 2025, ya descontados en el precio tras meses de cobertura.
Verdict: Hold. Business quality is top-tier, but valuation offers no margin of safety and revenue growth is flat.
Main risk: Dependence on an LNG shipbuilding cycle that, after years of record orders, may be nearing its peak, impacting future royalty income.
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