ENG Stock Analysis: Enagás S.A. | MC
Utilities - Regulated Gas | MC, Spain | Market Cap: 4.592m EUR | 12M Return: 33.3% | ES0130960018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.2M
EPS Trend: -75.6%
Qual. Beats: 0
Rev. Trend: 68.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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 energy infrastructure company specializing in the midstream natural gas value chain, including transmission, underground storage, and regasification of LNG. It operates through four segments: Regulated Gas Activities, Hydrogen Infrastructure, New Businesses, and International. The company also manages the technical operations of Spains national gas system and is expanding into low-carbon energy carriers such as hydrogen, biomethane, ammonia, and CO2.
Beyond its core gas transmission pipeline network and LNG terminal operations, Enagás is involved in designing, constructing, and maintaining hydrogen and gas production facilities, as well as maritime transport of LNG via managed merchant ships. Founded in 1972 and headquartered in Madrid, the company functions as Spains Transmission System Operator (TSO) for natural gas, a role that typically involves regulated returns and long-term infrastructure contracts.
The gas utilities sector is characterized by capital-intensive, regulated asset bases with stable cash flows, and is currently undergoing a transition toward renewable and low-carbon gases. Enagáss diversification into hydrogen infrastructure and biomethane reflects this broader industry shift toward decarbonization.
- CNMC trims Spanish transmission tariff returns pressuring regulated earnings
- Hydrogen pipeline investment accelerates under EU RepowerEU funding plan
- LNG regasification demand rises as Europe prioritizes gas supply security
| Net Income: 208.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.65 > 1.0 |
| NWC/Revenue: -28.22% < 20% (prev 75.37%; Δ -103.6% < -1%) |
| CFO/TA 0.03 > 3% & CFO 207.3m > Net Income 208.9m |
| Net Debt (2.62b) to EBITDA (472.1m): 5.54 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.3m) vs 12m ago -0.65% < -2% |
| Gross Margin: 16.84% > 18% (prev 37.31%; Δ -20.47% > 0.5%) |
| Asset Turnover: 13.00% > 50% (prev 13.63%; Δ -0.63% > 0%) |
| Interest Coverage Ratio: 3.63 > 6 (EBIT TTM 192.2m / Interest Expense TTM 52.9m) |
| A: -0.04 (Total Current Assets 1.17b - Total Current Liabilities 1.43b) / Total Assets 7.17b |
| B: 0.03 (Retained Earnings 204.1m / Total Assets 7.17b) |
| C: 0.03 (EBIT TTM 192.2m / Avg Total Assets 7.07b) |
| D: 0.50 (Book Value of Equity 2.38b / Total Liabilities 4.78b) |
| Altman-Z'' = 0.56 = B |
| DSRI: 1.05 (Receivables 567.6m/559.0m, Revenue 919.1m/949.3m) |
| GMI: 2.22 (GM 37.31% / 16.84%) |
| AQI: 1.40 (AQ_t 0.35 / AQ_t-1 0.25) |
| SGI: 0.97 (Revenue 919.1m / 949.3m) |
| TATA: 0.00 (NI 208.9m - CFO 207.3m) / TA 7.17b) |
| Beneish M = -1.67 (Cap -4..+1) = CCC |
As of November 07, 2026, the stock is trading at EUR 17.80 with a total of 898,406 shares traded. Over the past week, the price has changed by +0.68%, over one month by +9.74%, over three months by +5.45% and over the past year by +33.31%.
Current recommended Stop Loss: 17.40 (which is 2.2% or 1.6 ATR below the current price).
Enagás S.A. has no consensus analysts rating.
P/E Trailing = 12.9706
P/E Forward = 15.6495
P/S = 4.9351
P/B = 1.9341
P/EG = 16.55
Revenue TTM = 919.1m EUR
EBIT TTM = 192.2m EUR
EBITDA TTM = 472.1m EUR
Long Term Debt = 2.43b EUR (from longTermDebt, last quarter)
Short Term Debt = 730.0m EUR (from shortTermDebt, last quarter)
Debt = 3.16b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.62b EUR (calculated: Debt 3.16b - CCE 539.6m)
Enterprise Value = 7.21b EUR (4.59b + Debt 3.16b - CCE 539.6m)
Interest Coverage Ratio = 3.63 (Ebit TTM 192.2m / Interest Expense TTM 52.9m)
EV/FCF = 80.79x (Enterprise Value 7.21b / FCF TTM 89.2m)
FCF Yield = 1.24% (FCF TTM 89.2m / Enterprise Value 7.21b)
FCF Margin = 9.71% (FCF TTM 89.2m / Revenue TTM 919.1m)
Net Margin = 22.73% (Net Income TTM 208.9m / Revenue TTM 919.1m)
Gross Margin = 16.84% ((Revenue TTM 919.1m - Cost of Revenue TTM 764.3m) / Revenue TTM)
Gross Margin QoQ = 15.50% (prev 19.61%)
Tobins Q-Ratio = 1.00 (Enterprise Value 7.21b / Total Assets 7.17b)
Interest Expense / Debt = 1.68% (Interest Expense 52.9m / Debt 3.16b)
Taxrate = 18.77% (48.1m / 256.3m)
NOPAT = 156.1m (EBIT 192.2m * (1 - 18.77%))
Current Ratio = 0.82 (Total Current Assets 1.17b / Total Current Liabilities 1.43b)
Debt / Equity = 1.33 (Debt 3.16b / totalStockholderEquity, last quarter 2.38b)
Debt / EBITDA = 5.54 (Net Debt 2.62b / EBITDA 472.1m)
Debt / FCF = 29.32 (Net Debt 2.62b / FCF TTM 89.2m)
Total Stockholder Equity = 2.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.96% (Net Income 208.9m / Total Assets 7.17b)
RoE = 9.07% (Net Income TTM 208.9m / Total Stockholder Equity 2.30b)
RoCE = 4.06% (EBIT 192.2m / Capital Employed (Equity 2.30b + L.T.Debt 2.43b))
RoIC = 2.43% (NOPAT 156.1m / Invested Capital 6.43b)
WACC = 3.35% (E(4.59b)/V(7.75b) * Re(4.72%) + D(3.16b)/V(7.75b) * Rd(1.68%) * (1-Tc(0.19)))
Discount Rate = 4.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -30.43 | Cagr: -0.13%
[DCF] Terminal Value 73.10% ; FCFF base≈134.1m ; Y1≈117.6m ; Y5≈95.0m
[DCF] Fair Price = N/A (negative equity: EV 1.53b - Net Debt 2.62b = -1.09b; debt exceeds intrinsic value)
EPS Correlation: -75.56 | EPS CAGR: -12.13% | SUE: 0.65 | # QB: 0
Revenue Correlation: 68.81 | Revenue CAGR: 1.96% | SUE: -0.50 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.91 | Chg30d=-0.06% | Revisions=+25% | GrowthEPS=-10.3% | GrowthRev=-6.9%
EPS next Year (2027-12-31): EPS=1.13 | Chg30d=+1.87% | Revisions=+0% | GrowthEPS=+24.2% | GrowthRev=-0.6%
[Analyst] Revisions Ratio: +25% (up=1, down=0)