Enagás Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 (€13.32) is trading below our estimate of fair value (€20.35)

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?

Other financial metrics that can be useful for relative valuation.

ENG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.4x
Enterprise Value/EBITDA12.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ENG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
EVN EVN
1.4x2.6%€4.7b
NJR New Jersey Resources
2.6x6.8%US$4.5b
SR Spire
1.4x2.8%US$3.7b
OGS ONE Gas
2x6.6%US$4.0b
ENG Enagás
3.9x-3.1%€3.5b

Price-To-Sales vs Peers: ENG is expensive based on its Price-To-Sales Ratio (3.9x) compared to the peer average (1.8x).


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
Industry Avg.n/a3.2%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.2%
n/an/an/a
No more companies

Price-To-Sales vs Industry: ENG is expensive based on its Price-To-Sales Ratio (3.9x) compared to the Global Gas Utilities industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

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

ENG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.9x
Fair PS Ratio7.7x

Price-To-Sales vs Fair Ratio: ENG is good value based on its Price-To-Sales Ratio (3.9x) compared to the estimated Fair Price-To-Sales Ratio (7.7x).


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€13.32
€15.81
+18.7%
13.4%€19.04€13.00n/a18
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€13.50n/a18
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
Oct ’23€15.85
€18.87
+19.1%
11.0%€25.00€16.00€15.8017

Analyst Forecast: Target price is less than 20% higher than the current share price.


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