(ENGI) Engie S.A. - Overview
Sector: Utilities | Industry: Utilities - Diversified | Exchange: PA (France) | Market Cap: 67.589m EUR | Total Return: 51.5% in 12m
Industry Rotation: +1.9
Avg Turnover: 100M
Warnings
Share dilution 22.4% YoY
Altman Z'' 0.91 < 1.0 - financial distress zone
Tailwinds
Confidence
Engie SA is a French multinational utility company specializing in low-carbon energy transition, renewable power generation, and gas infrastructure. The company operates through several core segments: Renewables & Flex Power, Networks, Local Energy Infrastructures, and Supply & Energy Management. Its portfolio includes hydroelectric, wind, solar, and battery storage assets, alongside an extensive natural gas distribution and storage network. Engie also maintains a segment dedicated to the management and decommissioning of nuclear power facilities.
The business model relies heavily on regulated and contracted activities, which provide predictable cash flows often indexed to inflation. Within the utility sector, Engie is a major player in the European gas grid, where infrastructure is increasingly being repurposed for hydrogen transportation to meet regional decarbonization targets. Further analysis of Engies long-term valuation and dividend sustainability is available on ValueRay.
Founded in 1880 and formerly known as GDF SUEZ, the firm has shifted its strategic focus away from traditional fossil fuels toward decentralized energy systems and technical services. Its operations span Europe, North America, and emerging markets, focusing on energy efficiency and large-scale renewable projects for industrial and residential clients.
- Natural gas price volatility impacts supply and energy management profit margins
- Renewables capacity expansion drives long-term capital expenditure and revenue growth
- Regulatory changes in European gas and electricity networks affect regulated asset returns
- Nuclear decommissioning costs and operational availability influence free cash flow stability
- European Union decarbonization policies accelerate transition toward low-carbon energy infrastructure investments
| Net Income: 5.30b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -3.97 > 1.0 |
| NWC/Revenue: 3.31% < 20% (prev -0.89%; Δ 4.21% < -1%) |
| CFO/TA 0.06 > 3% & CFO 10.43b > Net Income 5.30b |
| Net Debt (43.27b) to EBITDA (23.39b): 1.85 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.97b) vs 12m ago 22.35% < -2% |
| Gross Margin: 33.26% > 18% (prev 0.21%; Δ 3.30k% > 0.5%) |
| Asset Turnover: 75.14% > 50% (prev 60.86%; Δ 14.28% > 0%) |
| Interest Coverage Ratio: 1.94 > 6 (EBITDA TTM 23.39b / Interest Expense TTM 5.84b) |
| A: 0.03 (Total Current Assets 58.39b - Total Current Liabilities 53.83b) / Total Assets 169.25b |
| B: 0.06 (Retained Earnings 9.46b / Total Assets 169.25b) |
| C: 0.06 (EBIT TTM 11.32b / Avg Total Assets 183.28b) |
| D: 0.13 (Book Value of Equity 17.05b / Total Liabilities 128.42b) |
| Altman-Z'' Score: 0.91 = BB |
| DSRI: 0.95 (Receivables 21.58b/19.82b, Revenue 137.72b/120.09b) |
| GMI: 0.64 (GM 33.26% / 21.30%) |
| AQI: 0.95 (AQ_t 0.27 / AQ_t-1 0.28) |
| SGI: 1.15 (Revenue 137.72b / 120.09b) |
| TATA: -0.03 (NI 5.30b - CFO 10.43b) / TA 169.25b) |
| Beneish M-Score: -3.35 (Cap -4..+1) = AA |
Over the past week, the price has changed by -1.44%, over one month by -0.10%, over three months by +5.28% and over the past year by +51.49%.
| Analysts Target Price | - | - |
P/E Trailing = 17.6159
P/E Forward = 13.6986
P/S = 0.9395
P/B = 2.0813
P/EG = 3.4217
Revenue TTM = 137.72b EUR
EBIT TTM = 11.32b EUR
EBITDA TTM = 23.39b EUR
Long Term Debt = 40.02b EUR (from longTermDebt, last quarter)
Short Term Debt = 11.33b EUR (from shortTermDebt, last quarter)
Debt = 57.78b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 43.27b EUR (from netDebt column, last quarter)
Enterprise Value = 110.86b EUR (67.59b + Debt 57.78b - CCE 14.51b)
Interest Coverage Ratio = 1.94 (Ebit TTM 11.32b / Interest Expense TTM 5.84b)
EV/FCF = -53.65x (Enterprise Value 110.86b / FCF TTM -2.07b)
FCF Yield = -1.86% (FCF TTM -2.07b / Enterprise Value 110.86b)
FCF Margin = -1.50% (FCF TTM -2.07b / Revenue TTM 137.72b)
Net Margin = 3.85% (Net Income TTM 5.30b / Revenue TTM 137.72b)
Gross Margin = 33.26% ((Revenue TTM 137.72b - Cost of Revenue TTM 91.92b) / Revenue TTM)
Gross Margin QoQ = 11.26% (prev 32.61%)
Tobins Q-Ratio = 0.66 (Enterprise Value 110.86b / Total Assets 169.25b)
Interest Expense / Debt = 2.96% (Interest Expense 1.71b / Debt 57.78b)
Taxrate = 29.65% (560.0m / 1.89b)
NOPAT = 7.96b (EBIT 11.32b * (1 - 29.65%))
Current Ratio = 1.08 (Total Current Assets 58.39b / Total Current Liabilities 53.83b)
Debt / Equity = 1.75 (Debt 57.78b / totalStockholderEquity, last quarter 32.95b)
Debt / EBITDA = 1.85 (Net Debt 43.27b / EBITDA 23.39b)
Debt / FCF = -20.94 (negative FCF - burning cash) (Net Debt 43.27b / FCF TTM -2.07b)
Total Stockholder Equity = 32.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.89% (Net Income 5.30b / Total Assets 169.25b)
RoE = 16.20% (Net Income TTM 5.30b / Total Stockholder Equity 32.74b)
RoCE = 15.55% (EBIT 11.32b / Capital Employed (Equity 32.74b + L.T.Debt 40.02b))
RoIC = 9.70% (NOPAT 7.96b / Invested Capital 82.09b)
WACC = 3.84% (E(67.59b)/V(125.37b) * Re(5.35%) + D(57.78b)/V(125.37b) * Rd(2.96%) * (1-Tc(0.30)))
Discount Rate = 5.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 59.81 | Cagr: 9.47%
[DCF] Fair Price = unknown (Cash Flow -2.07b)
EPS Correlation: -16.80 | EPS CAGR: -24.38% | SUE: -3.37 | # QB: -2
Revenue Correlation: -7.78 | Revenue CAGR: 3.27% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.30 | Chg30d=+7.14% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.95 | Chg30d=+2.19% | Revisions=+14% | GrowthEPS=+1.0% | GrowthRev=+9.8%
EPS next Year (2027-12-31): EPS=2.08 | Chg30d=+3.18% | Revisions=+9% | GrowthEPS=+6.7% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: +20%