NTGY Stock Analysis: Naturgy Energy | MC
Utilities - Regulated Gas | MC, Spain | Market Cap: 25.253m EUR | 12M Return: 7.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 51.3M
Qual. Beats: 0
Rev. Trend: -77.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
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.
Naturgy Energy Group, S.A. (NTGY) is a Madrid-headquartered multinational utilities company, incorporated in 1843 and formerly known as Gas Natural SDG until its June 2018 rebranding. It operates across the full natural gas value chain, including liquefaction, regasification, transportation, storage, distribution, and retail supply, and reports through two main segments: Distribution Networks and Energy Markets.
Beyond gas infrastructure, the group manages regulated electricity distribution in select markets and runs a diversified generation portfolio spanning combined-cycle thermal plants, hydroelectric assets, and renewable projects using wind, mini-hydro, solar PV, and cogeneration. It is also pursuing renewable gas initiatives in biomethane and green hydrogen, aligning its business model with the broader energy transition underway across European gas utilities.
Naturgy retails gas, electricity, and value-added services to end customers and maintains an international footprint spanning Spain, Australia, the United States, Argentina, Brazil, Chile, Mexico, Panama, other Latin American markets, and additional European countries. As a gas utility operating regulated distribution networks, a meaningful share of its earnings is typically anchored by regulated returns, complemented by merchant activities in LNG trading, shipping, and energy supply.
- Spanish gas tariff review sets regulated distribution returns
- Argentina hyperinflation erodes Latin American segment profit
- LNG trading margins hinge on global gas price spreads
| Net Income: 1.98b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.69 > 1.0 |
| NWC/Revenue: 6.22% < 20% (prev -3.32%; Δ 9.54% < -1%) |
| CFO/TA 0.11 > 3% & CFO 4.58b > Net Income 1.98b |
| Net Debt (12.9b) to EBITDA (5.23b): 2.46 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (926.4m) vs 12m ago -3.23% < -2% |
| Gross Margin: 27.31% > 18% (prev 39.27%; Δ -11.96% > 0.5%) |
| Asset Turnover: 50.48% > 50% (prev 54.00%; Δ -3.51% > 0%) |
| Interest Coverage Ratio: 6.95 > 6 (EBIT TTM 3.58b / Interest Expense TTM 515.0m) |
| A: 0.03 (Total Current Assets 10.4b - Total Current Liabilities 9.16b) / Total Assets 41.0b |
| B: 0.05 (Retained Earnings 2.02b / Total Assets 41.0b) |
| C: 0.09 (EBIT TTM 3.58b / Avg Total Assets 38.8b) |
| D: 0.26 (Book Value of Equity 8.00b / Total Liabilities 30.9b) |
| Altman-Z'' = 1.25 = BB |
| DSRI: 1.62 (Receivables 3.77b/2.35b, Revenue 19.6b/19.7b) |
| GMI: 1.44 (GM 39.27% / 27.31%) |
| AQI: 1.00 (AQ_t 0.25 / AQ_t-1 0.25) |
| SGI: 0.99 (Revenue 19.6b / 19.7b) |
| TATA: -0.06 (NI 1.98b - CFO 4.58b) / TA 41.0b) |
| Beneish M = -2.13 (Cap -4..+1) = BB |
As of July 09, 2026, the stock is trading at EUR 27.80 with a total of 1,548,402 shares traded. Over the past week, the price has changed by +1.98%, over one month by -3.67%, over three months by +7.42% and over the past year by +7.39%.
Current recommended Stop Loss: 26.50 (which is 4.7% or 2.8 ATR below the current price).
Naturgy Energy has no consensus analysts rating.
P/E Trailing = 12.2793
P/E Forward = 12.5
P/S = 1.3238
P/B = 3.1559
P/EG = 6.4037
Revenue TTM = 19.6b EUR
EBIT TTM = 3.58b EUR
EBITDA TTM = 5.23b EUR
Long Term Debt = 12.9b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.75b EUR (from shortTermDebt, last fiscal year)
Debt = 18.0b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 1.28b
Net Debt = 12.9b EUR (calculated: Debt 18.0b - CCE 5.15b)
Enterprise Value = 38.1b EUR (25.3b + Debt 18.0b - CCE 5.15b)
Interest Coverage Ratio = 6.95 (Ebit TTM 3.58b / Interest Expense TTM 515.0m)
EV/FCF = 14.38x (Enterprise Value 38.1b / FCF TTM 2.65b)
FCF Yield = 6.95% (FCF TTM 2.65b / Enterprise Value 38.1b)
FCF Margin = 13.54% (FCF TTM 2.65b / Revenue TTM 19.6b)
Net Margin = 10.11% (Net Income TTM 1.98b / Revenue TTM 19.6b)
Gross Margin = 27.31% ((Revenue TTM 19.6b - Cost of Revenue TTM 14.2b) / Revenue TTM)
Gross Margin QoQ = 37.42% (prev -7.11%)
Tobins Q-Ratio = 0.93 (Enterprise Value 38.1b / Total Assets 41.0b)
Interest Expense / Debt = 2.86% (Interest Expense 515.0m / Debt 18.0b)
Taxrate = 25.79% (808.5m / 3.13b)
NOPAT = 2.65b (EBIT 3.58b * (1 - 25.79%))
Current Ratio = 1.13 (Total Current Assets 10.4b / Total Current Liabilities 9.16b)
Debt / Equity = 2.25 (Debt 18.0b / totalStockholderEquity, last quarter 8.00b)
Debt / EBITDA = 2.46 (Net Debt 12.9b / EBITDA 5.23b)
Debt / FCF = 4.86 (Net Debt 12.9b / FCF TTM 2.65b)
Total Stockholder Equity = 8.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.10% (Net Income 1.98b / Total Assets 41.0b)
RoE = 23.65% (Net Income TTM 1.98b / Total Stockholder Equity 8.37b)
RoCE = 16.84% (EBIT 3.58b / Capital Employed (Equity 8.37b + L.T.Debt 12.9b))
RoIC = 7.88% (NOPAT 2.65b / Invested Capital 33.7b)
WACC = 4.39% (E(25.3b)/V(43.3b) * Re(6.01%) + D(18.0b)/V(43.3b) * Rd(2.86%) * (1-Tc(0.26)))
Discount Rate = 6.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -48.37 | Cagr: -1.61%
[DCF] Terminal Value 77.97% ; FCFF base≈2.43b ; Y1≈2.79b ; Y5≈4.10b
[DCF] Fair Price = 52.76 (EV 61.7b - Net Debt 12.9b = Equity 48.9b / Shares 926.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.67 | # QB: 0
Revenue Correlation: -77.15 | Revenue CAGR: -10.87% | SUE: 0.17 | # QB: 0
EPS current Quarter (2026-03-31): EPS=0.52 | Chg30d=-2.83% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-06-30): EPS=0.55 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2025-12-31): EPS=2.09 | Chg30d=-1.30% | Revisions=+38% | GrowthEPS=+5.3% | GrowthRev=+2.3%
EPS next Year (2026-12-31): EPS=2.11 | Chg30d=-0.18% | Revisions=+67% | GrowthEPS=-2.7% | GrowthRev=+1.7%
[Analyst] Revisions Ratio: +67% (up=11, down=1)