ENXTPA:TTEOil and Gas
TotalEnergies (ENXTPA:TTE) Margin Decline Challenges Bullish Value Narrative Despite Low P/E and Past Profitability
TotalEnergies (ENXTPA:TTE) posted a net profit margin of 7.7% for the most recent year, down from last year’s 8.3%, with earnings growth turning negative after several years of averaging 21.5% annually. While earnings are forecast to grow at 3.5% per year, which is well below the French market’s 12.4% average, the company’s relative value proposition remains in focus, trading at a price-to-earnings ratio of 9.5x and below its estimated fair value of €152.92 per share. For investors, the key...