Engie SA

XTRA:GZF Stock Report

Market Cap: €37.1b

Engie Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 GZF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GZF (€15.47) is trading above our estimate of fair value (€4.6)

Significantly Below Fair Value: GZF is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GZF. This is calculated by dividing GZF's market cap by their current earnings.
What is GZF's PE Ratio?
PE Ratio7.6x
Earnings€4.91b
Market Cap€37.09b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GZF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
EOAN E.ON
16.8x8.9%€30.2b
MVV1 MVV Energie
12.1xn/a€2.0b
MNV6 Mainova
33.1xn/a€1.9b
WWG Gelsenwasser
14.3xn/a€1.7b
GZF Engie
7.6x-6.2%€37.1b

Price-To-Earnings vs Peers: GZF is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
GZF 7.6xIndustry Avg. 17.6xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GZF is good value based on its Price-To-Earnings Ratio (7.6x) compared to the Global Integrated Utilities industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is GZF'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.

GZF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio16.4x

Price-To-Earnings vs Fair Ratio: GZF is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).

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 GZF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.47
€18.75
+21.3%
8.7%€23.30€16.80n/a17
Nov ’25€15.42
€18.69
+21.3%
8.1%€22.80€16.80n/a17
Oct ’25€15.62
€18.59
+19.0%
9.4%€22.80€16.00n/a17
Sep ’25€15.91
€18.47
+16.1%
9.3%€22.80€16.00n/a17
Aug ’25€14.52
€18.16
+25.1%
8.7%€21.50€16.00n/a16
Jul ’25€13.87
€18.23
+31.4%
9.0%€21.50€16.00n/a15
Jun ’25€15.51
€18.50
+19.3%
8.6%€21.50€16.00n/a16
May ’25€16.15
€18.46
+14.3%
8.8%€21.50€16.00n/a16
Apr ’25€15.52
€18.41
+18.7%
9.1%€21.50€16.00n/a16
Mar ’25€14.80
€18.33
+23.9%
9.0%€21.50€16.00n/a16
Feb ’25€14.69
€18.61
+26.7%
8.2%€21.50€16.70n/a16
Jan ’25€15.95
€18.33
+14.9%
9.3%€21.50€15.30n/a15
Dec ’24€16.06
€18.17
+13.1%
9.0%€21.30€15.30n/a15
Nov ’24€15.33
€17.92
+16.9%
9.0%€21.20€15.30€15.4215
Oct ’24€14.52
€17.88
+23.1%
9.3%€21.20€15.30€15.6215
Sep ’24€14.83
€17.88
+20.6%
9.3%€21.20€15.30€15.9115
Aug ’24€14.89
€17.84
+19.8%
9.3%€21.20€15.30€14.5215
Jul ’24€15.31
€17.36
+13.4%
8.8%€20.10€15.30€13.8716
Jun ’24€14.19
€17.34
+22.2%
9.2%€20.10€15.20€15.5116
May ’24€14.48
€17.10
+18.0%
9.2%€20.00€14.30€16.1516
Apr ’24€14.58
€16.82
+15.3%
9.9%€20.00€14.30€15.5216
Mar ’24€13.62
€17.13
+25.7%
12.5%€23.00€14.30€14.8015
Feb ’24€13.13
€16.91
+28.8%
14.2%€23.00€12.00€14.6915
Jan ’24€13.51
€17.72
+31.1%
12.0%€23.00€15.50€15.9516
Dec ’23€14.55
€18.01
+23.7%
13.1%€24.50€15.50€16.0616
Nov ’23€13.32
€17.35
+30.3%
14.3%€24.50€14.50€15.3315

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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