ENG Stock Analysis: Enagás S.A. | MC
Utilities - Regulated Gas | MC, Spain | Market Cap: 4.363m EUR | 12M Return: 33.4% | ES0130960018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.70M
EPS Trend: -69.5%
Qual. Beats: 0
Rev. Trend: 75.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 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: 218.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.06 > 1.0 |
| NWC/Revenue: -15.25% < 20% (prev 71.15%; Δ -86.40% < -1%) |
| CFO/TA 0.02 > 3% & CFO 164.6m > Net Income 218.5m |
| Net Debt (2.72b) to EBITDA (554.7m): 4.90 < 3 |
| Current Ratio: 0.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.3m) vs 12m ago -0.32% < -2% |
| Gross Margin: 18.98% > 18% (prev 39.12%; Δ -20.14% > 0.5%) |
| Asset Turnover: 13.64% > 50% (prev 13.04%; Δ 0.60% > 0%) |
| Interest Coverage Ratio: 2.50 > 6 (EBIT TTM 269.4m / Interest Expense TTM 107.8m) |
| A: -0.02 (Total Current Assets 1.32b - Total Current Liabilities 1.47b) / Total Assets 6.73b |
| B: 0.02 (Retained Earnings 126.9m / Total Assets 6.73b) |
| C: 0.04 (EBIT TTM 269.4m / Avg Total Assets 6.90b) |
| D: 0.52 (Book Value of Equity 2.31b / Total Liabilities 4.41b) |
| Altman-Z'' = 0.73 = B |
| DSRI: 1.21 (Receivables 554.4m/449.2m, Revenue 940.8m/920.5m) |
| GMI: 2.06 (GM 39.12% / 18.98%) |
| AQI: 1.17 (AQ_t 0.27 / AQ_t-1 0.23) |
| SGI: 1.02 (Revenue 940.8m / 920.5m) |
| TATA: 0.01 (NI 218.5m - CFO 164.6m) / TA 6.73b) |
| Beneish M = -1.78 (Cap -4..+1) = CCC |
As of August 24, 2026, the stock is trading at EUR 16.78 with a total of 446,445 shares traded. Over the past week, the price has changed by +0.12%, over one month by -3.29%, over three months by +1.12% and over the past year by +33.40%.
Current recommended Stop Loss: 16.40 (which is 2.3% or 1.7 ATR below the current price).
Enagás S.A. has no consensus analysts rating.
P/E Trailing = 15.2364
P/E Forward = 18.5185
P/S = 4.5818
P/B = 1.8918
P/EG = 16.55
Revenue TTM = 940.8m EUR
EBIT TTM = 269.4m EUR
EBITDA TTM = 554.7m EUR
Long Term Debt = 2.03b EUR (from longTermDebt, last quarter)
Short Term Debt = 937.9m EUR (from shortTermDebt, last quarter)
Debt = 3.44b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.72b EUR (calculated: Debt 3.44b - CCE 719.6m)
Enterprise Value = 7.08b EUR (4.36b + Debt 3.44b - CCE 719.6m)
Interest Coverage Ratio = 2.50 (Ebit TTM 269.4m / Interest Expense TTM 107.8m)
EV/FCF = 226.2x (Enterprise Value 7.08b / FCF TTM 31.3m)
FCF Yield = 0.44% (FCF TTM 31.3m / Enterprise Value 7.08b)
FCF Margin = 3.33% (FCF TTM 31.3m / Revenue TTM 940.8m)
Net Margin = 23.22% (Net Income TTM 218.5m / Revenue TTM 940.8m)
Gross Margin = 18.98% ((Revenue TTM 940.8m - Cost of Revenue TTM 762.3m) / Revenue TTM)
Gross Margin QoQ = 19.61% (prev 11.40%)
Tobins Q-Ratio = 1.05 (Enterprise Value 7.08b / Total Assets 6.73b)
Interest Expense / Debt = 3.13% (Interest Expense 107.8m / Debt 3.44b)
Taxrate = 12.31% (30.6m / 248.3m)
NOPAT = 236.2m (EBIT 269.4m * (1 - 12.31%))
Current Ratio = 0.90 (Total Current Assets 1.32b / Total Current Liabilities 1.47b)
Debt / Equity = 1.49 (Debt 3.44b / totalStockholderEquity, last quarter 2.31b)
Debt / EBITDA = 4.90 (Net Debt 2.72b / EBITDA 554.7m)
Debt / FCF = 86.87 (Net Debt 2.72b / FCF TTM 31.3m)
Total Stockholder Equity = 2.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.17% (Net Income 218.5m / Total Assets 6.73b)
RoE = 9.55% (Net Income TTM 218.5m / Total Stockholder Equity 2.29b)
RoCE = 6.25% (EBIT 269.4m / Capital Employed (Equity 2.29b + L.T.Debt 2.03b))
RoIC = 3.84% (NOPAT 236.2m / Invested Capital 6.16b)
WACC = 3.94% (E(4.36b)/V(7.80b) * Re(4.88%) + D(3.44b)/V(7.80b) * Rd(3.13%) * (1-Tc(0.12)))
Discount Rate = 4.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -14.14 | Cagr: -0.09%
[DCF] Terminal Value 73.10% ; FCFF base≈118.3m ; Y1≈103.7m ; Y5≈83.8m
[DCF] Fair Price = N/A (negative equity: EV 1.35b - Net Debt 2.72b = -1.37b; debt exceeds intrinsic value)
EPS Correlation: -69.51 | EPS CAGR: -10.56% | SUE: 0.77 | # QB: 0
Revenue Correlation: 75.58 | Revenue CAGR: 2.17% | SUE: -0.37 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.25 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.90 | Chg30d=+0.48% | Revisions=+50% | GrowthEPS=-10.9% | GrowthRev=-15.5%
EPS next Year (2027-12-31): EPS=1.07 | Chg30d=+1.35% | Revisions=-17% | GrowthEPS=+18.2% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +30% (up=5, down=2)