ENG Stock Analysis: Enagás S.A. | MC
Utilities - Regulated Gas | MC, Spain | Market Cap: 4.402m EUR | 12M Return: 34% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.2M
EPS Trend: -28.0%
Qual. Beats: 0
Rev. Trend: 57.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Enagás, S.A. is a Spanish mid-cap utility company that operates in the regulated natural gas value chain, providing transmission, underground storage, and regasification services. Its operations are organized across four segments: Regulated Gas Activities, Regulated Activities (Hydrogen Infrastructure), New Businesses, and International. The company manages primary and secondary gas transmission pipelines, underground storage facilities, and LNG terminals, and also performs the technical management of Spains gas system.
In addition to its core gas infrastructure, Enagás is expanding into non-regulated activities including hydrogen infrastructure, biomethane, ammonia, and CO2, reflecting a diversification strategy aligned with the European energy transition. The company is also involved in LNG terminal development, industrial project execution, hydrogen and gas production facility design/construction, and maritime LNG transport. It was incorporated in 1972 and is headquartered in Madrid.
As a gas utility operating under a regulated transmission system operator (TSO) model, Enagás earns a significant portion of its revenue from regulated fees for pipeline and storage services. Spain is one of Europes largest LNG import markets due to limited pipeline interconnection with the rest of continental Europe, making regasification infrastructure a strategically important asset for the company.
- CNMC tariff revisions reshape regulated gas transmission revenue
- Spain hydrogen roadmap funding accelerates infrastructure capex
- Peru TGP pipeline earnings lift international segment margins
| Net Income: 259.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.64 > 1.0 |
| NWC/Revenue: -29.58% < 20% (prev 48.98%; Δ -78.56% < -1%) |
| CFO/TA 0.03 > 3% & CFO 212.5m > Net Income 259.3m |
| Net Debt (2.08b) to EBITDA (709.8m): 2.93 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (259.9m) vs 12m ago 0.12% < -2% |
| Gross Margin: 19.81% > 18% (prev 93.35%; Δ -73.54% > 0.5%) |
| Asset Turnover: 14.05% > 50% (prev 12.73%; Δ 1.33% > 0%) |
| Interest Coverage Ratio: 6.07 > 6 (EBIT TTM 427.9m / Interest Expense TTM 70.5m) |
| A: -0.04 (Total Current Assets 1.25b - Total Current Liabilities 1.53b) / Total Assets 6.70b |
| B: 0.01 (Retained Earnings 56.9m / Total Assets 6.70b) |
| C: 0.06 (EBIT TTM 427.9m / Avg Total Assets 6.86b) |
| D: 0.50 (Book Value of Equity 2.22b / Total Liabilities 4.46b) |
| Altman-Z'' = 0.69 = B |
| DSRI: 1.10 (Receivables 577.1m/484.3m, Revenue 964.2m/893.1m) |
| GMI: 4.71 (GM 93.35% / 19.81%) |
| AQI: 1.13 (AQ_t 0.27 / AQ_t-1 0.24) |
| SGI: 1.08 (Revenue 964.2m / 893.1m) |
| TATA: 0.01 (NI 259.3m - CFO 212.5m) / TA 6.70b) |
| Beneish M = 0.56 (Cap -4..+1) = D |
As of July 09, 2026, the stock is trading at EUR 16.87 with a total of 1,072,834 shares traded. Over the past week, the price has changed by +0.72%, over one month by +0.96%, over three months by +2.38% and over the past year by +33.96%.
Current recommended Stop Loss: 16.40 (which is 2.8% or 1.7 ATR below the current price).
Enagás S.A. has no consensus analysts rating.
P/E Trailing = 13.4365
P/E Forward = 18.5185
P/S = 4.513
P/B = 1.9587
P/EG = 16.55
Revenue TTM = 964.2m EUR
EBIT TTM = 427.9m EUR
EBITDA TTM = 709.8m EUR
Long Term Debt = 2.02b EUR (from longTermDebt, last quarter)
Short Term Debt = 629.1m EUR (from shortTermDebt, last quarter)
Debt = 2.65b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.08b EUR (calculated: Debt 2.65b - CCE 573.3m)
Enterprise Value = 6.48b EUR (4.40b + Debt 2.65b - CCE 573.3m)
Interest Coverage Ratio = 6.07 (Ebit TTM 427.9m / Interest Expense TTM 70.5m)
EV/FCF = 68.66x (Enterprise Value 6.48b / FCF TTM 94.4m)
FCF Yield = 1.46% (FCF TTM 94.4m / Enterprise Value 6.48b)
FCF Margin = 9.79% (FCF TTM 94.4m / Revenue TTM 964.2m)
Net Margin = 26.89% (Net Income TTM 259.3m / Revenue TTM 964.2m)
Gross Margin = 19.81% ((Revenue TTM 964.2m - Cost of Revenue TTM 773.2m) / Revenue TTM)
Gross Margin QoQ = 11.40% (prev 20.19%)
Tobins Q-Ratio = 0.97 (Enterprise Value 6.48b / Total Assets 6.70b)
Interest Expense / Debt = 2.66% (Interest Expense 70.5m / Debt 2.65b)
Taxrate = 15.34% (46.9m / 305.7m)
NOPAT = 362.3m (EBIT 427.9m * (1 - 15.34%))
Current Ratio = 0.81 (Total Current Assets 1.25b / Total Current Liabilities 1.53b)
Debt / Equity = 1.19 (Debt 2.65b / totalStockholderEquity, last quarter 2.22b)
Debt / EBITDA = 2.93 (Net Debt 2.08b / EBITDA 709.8m)
Debt / FCF = 22.04 (Net Debt 2.08b / FCF TTM 94.4m)
Total Stockholder Equity = 2.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.78% (Net Income 259.3m / Total Assets 6.70b)
RoE = 11.42% (Net Income TTM 259.3m / Total Stockholder Equity 2.27b)
RoCE = 9.96% (EBIT 427.9m / Capital Employed (Equity 2.27b + L.T.Debt 2.02b))
RoIC = 6.30% (NOPAT 362.3m / Invested Capital 5.75b)
WACC = 4.08% (E(4.40b)/V(7.06b) * Re(5.18%) + D(2.65b)/V(7.06b) * Rd(2.66%) * (1-Tc(0.15)))
Discount Rate = 5.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 11.11 | Cagr: -0.23%
[DCF] Terminal Value 73.10% ; FCFF base≈198.2m ; Y1≈173.8m ; Y5≈140.4m
[DCF] Fair Price = 0.67 (EV 2.25b - Net Debt 2.08b = Equity 173.6m / Shares 260.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -27.98 | EPS CAGR: -4.50% | SUE: -0.02 | # QB: 0
Revenue Correlation: 57.24 | Revenue CAGR: 1.60% | SUE: 0.34 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.21 | Chg30d=+1.04% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.25 | Chg30d=+2.45% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.90 | Chg30d=+0.16% | Revisions=+38% | GrowthEPS=-11.3% | GrowthRev=-15.5%
EPS next Year (2027-12-31): EPS=1.05 | Chg30d=-0.13% | Revisions=+50% | GrowthEPS=+17.2% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +62% (up=9, down=1)