Enagás, S.A.

WBAG:ENG Stock Report

Market Cap: €3.3b

Enagás Valuation

Is ENG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ENG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENG (€12.75) is trading below our estimate of fair value (€20.22)

Significantly Below Fair Value: ENG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENG?

Key metric: As ENG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ENG. This is calculated by dividing ENG's market cap by their current earnings.
What is ENG's PE Ratio?
PE Ratio9.2x
Earnings€359.33m
Market Cap€3.32b

Price to Earnings Ratio vs Peers

How does ENG's PE Ratio compare to its peers?

The above table shows the PE ratio for ENG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.2x
EVN EVN
7.5x-7.7%€4.4b
MDU MDU Resources Group
9.6x-47.2%US$3.7b
GUJGASLTD Gujarat Gas
24.5x15.4%₹311.5b
CGAS5 Companhia de Gás de São Paulo - COMGÁS
7.3xn/aR$20.7b
ENG Enagás
9.2x0.04%€3.3b

Price-To-Earnings vs Peers: ENG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does ENG's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENG 9.2xIndustry Avg. 14.0xNo. of Companies15PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Global Gas Utilities industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is ENG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: ENG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ENG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€12.75
€15.59
+22.3%
14.8%€19.50€12.50n/a17
Nov ’25€12.91
€15.59
+20.8%
14.8%€19.50€12.50n/a17
Oct ’25€13.85
€15.74
+13.7%
13.8%€19.04€13.00n/a18
Sep ’25€13.91
€15.74
+13.2%
13.8%€19.04€13.00n/a18
Aug ’25€13.87
€15.74
+13.5%
13.8%€19.04€13.00n/a18
Jul ’25€14.18
€15.98
+12.7%
14.6%€19.60€13.00n/a18
Jun ’25€13.97
€16.13
+15.5%
14.7%€20.07€13.00n/a18
May ’25€13.90
€16.13
+16.1%
14.7%€20.07€13.00n/a18
Apr ’25€13.50
€16.14
+19.6%
14.5%€20.07€13.00n/a18
Mar ’25€13.33
€16.25
+21.9%
13.5%€20.07€13.00n/a18
Feb ’25€14.99
€16.54
+10.3%
18.1%€25.00€13.00n/a18
Jan ’25€15.26
€16.70
+9.5%
18.2%€25.00€13.50n/a18
Dec ’24€16.83
€16.70
-0.7%
18.2%€25.00€13.50n/a18
Nov ’24€15.74
€16.94
+7.7%
17.6%€25.00€13.50€12.9118
Oct ’24€15.80
€17.11
+8.3%
17.2%€25.00€13.50€13.8518
Sep ’24€15.80
€17.11
+8.3%
17.2%€25.00€13.50€13.9118
Aug ’24€16.20
€17.11
+5.7%
17.2%€25.00€13.50€13.8718
Jul ’24€18.13
€17.20
-5.1%
17.1%€25.00€13.00€14.1818
Jun ’24€18.04
€17.05
-5.5%
17.0%€25.00€13.00€13.9718
May ’24€17.85
€17.05
-4.4%
17.0%€25.00€13.00€13.9018
Apr ’24€17.57
€16.79
-4.4%
16.6%€25.00€13.00€13.5018
Mar ’24€16.91
€16.76
-0.9%
16.8%€25.00€12.50€13.3318
Feb ’24€16.51
€16.70
+1.2%
17.3%€25.00€12.50€14.9918
Jan ’24€15.86
€16.92
+6.7%
17.1%€25.00€13.00€15.2618
Dec ’23€17.56
€16.88
-3.9%
17.9%€25.00€11.00€16.8319
Nov ’23€16.35
€17.18
+5.1%
17.6%€25.00€11.00€15.7418

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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