Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of natural gas in Spain and internationally.
Good value with mediocre balance sheet.
Share Price & News
How has Naturgy Energy Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GAN has not had significant price volatility in the past 3 months.
7 Day Return
DE Gas Utilities
1 Year Return
DE Gas Utilities
Return vs Industry: GAN underperformed the German Gas Utilities industry which returned 7.7% over the past year.
Return vs Market: GAN underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Naturgy Energy Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Naturgy Energy Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GAN (€24.12) is trading below our estimate of fair value (€38.28)
Significantly Below Fair Value: GAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GAN is good value based on its PE Ratio (16.8x) compared to the Gas Utilities industry average (18.9x).
PE vs Market: GAN is good value based on its PE Ratio (16.8x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: GAN is poor value based on its PEG Ratio (6.4x)
Price to Book Ratio
PB vs Industry: GAN is overvalued based on its PB Ratio (2.2x) compared to the XE Gas Utilities industry average (1.3x).
How is Naturgy Energy Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GAN's forecast earnings growth (2.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: GAN's earnings (2.6% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: GAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: GAN's revenue (0.5% per year) is forecast to grow slower than the German market (5.2% per year).
High Growth Revenue: GAN's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GAN's Return on Equity is forecast to be low in 3 years time (15.3%).
How has Naturgy Energy Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GAN has high quality earnings.
Growing Profit Margin: GAN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GAN's earnings have declined by -34.4% per year over the past 5 years.
Accelerating Growth: GAN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GAN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Gas Utilities industry (10.6%).
Return on Equity
High ROE: GAN's Return on Equity (12.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Naturgy Energy Group's financial position?
Financial Position Analysis
Short Term Liabilities: GAN's short term assets (€8.8B) exceed its short term liabilities (€6.7B).
Long Term Liabilities: GAN's short term assets (€8.8B) do not cover its long term liabilities (€20.5B).
Debt to Equity History and Analysis
Debt Level: GAN's debt to equity ratio (116.9%) is considered high.
Reducing Debt: GAN's debt to equity ratio has increased from 113% to 116.9% over the past 5 years.
Debt Coverage: GAN's debt is well covered by operating cash flow (24.6%).
Interest Coverage: GAN's interest payments on its debt are well covered by EBIT (4.8x coverage).
Inventory Level: GAN has a high level of physical assets or inventory.
Debt Coverage by Assets: GAN's debt is not covered by short term assets (assets are 0.5x debt).
What is Naturgy Energy Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GAN's dividend (5.68%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: GAN's dividend (5.68%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: GAN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GAN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.6%), GAN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GAN's dividends in 3 years are not forecast to be well covered by earnings (97.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Francisco Miguel Reynés Massanet (56yo)
Mr. Francisco Miguel Reynés Massanet serves as Vice-Chairman and Chief Executive Officer of Abertis Infraestructuras, S.A. Mr. Massanet has been CEO and Chairman of Gas Natural SDG, S.A since February 2018 ...
|CEO & Chairman||2yrs||€1.03m||0.080% €18.7m|
|Chief Financial Officer||20.1yrs||no data||no data|
|Head of Investor Relations||0yrs||no data||no data|
|GM of Legal Services||0yrs||no data||no data|
|Director of Internal Audit||6.1yrs||no data||no data|
|Managing Director of España & Empl-Medgaz Infrastructure Business||4.8yrs||no data||no data|
|Director of Capital Markets||1.7yrs||no data||no data|
|Controller||0yrs||no data||no data|
|Director of Controlling||0yrs||no data||no data|
Experienced Management: GAN's management team is considered experienced (4.8 years average tenure).
|CEO & Chairman||2yrs||€1.03m||0.080% €18.7m|
|Proprietary Director||1.8yrs||€153.37k||no data|
|Proprietary Director||3.4yrs||€255.50k||0.0010% €234.1k|
|Independent Director||28.7yrs||€208.32k||0.0030% €702.4k|
|Independent Director||1.7yrs||€117.50k||no data|
|Lead Director||0yrs||€354.18k||0.0020% €468.3k|
|Proprietary Director||3.4yrs||€277.32k||no data|
|Independent Director||4.8yrs||€319.30k||0.0010% €234.1k|
|Independent Director||3.8yrs||€208.32k||no data|
|Proprietary Director||1.8yrs||€155.31k||no data|
Experienced Board: GAN's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Naturgy Energy Group, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Naturgy Energy Group, S.A.
- Ticker: GAN
- Exchange: DB
- Founded: 1843
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: €23.413b
- Shares outstanding: 970.30m
- Website: https://www.naturgy.com
Number of Employees
- Naturgy Energy Group, S.A.
- Plaza del Gas, 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NTGY||BME (Bolsas y Mercados Espanoles)||Yes||Ordinary Shares||ES||EUR||Jan 1980|
|GAN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1980|
|GASN.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1980|
|0NPV||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1980|
|GAS-U||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||Jan 1980|
|GAS||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 1980|
|GASN.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Oct 2008|
Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of natural gas in Spain and internationally. The company operates through Gas and Electricity, EMEA Infrastructures, Latin America South Zone Infrastructures, Latin America North Zone Infrastructures, and Rest segments. The Gas and Electricity segment is involved in the supply of gas, electricity, and services; sale of liquefied natural gas and the sea transport business; generation and sale of electricity through hydro, coal, nuclear, and combined cycle plants, as well as through wind, mini-hydro, solar, and cogeneration in Spain; and generation and sale of electricity in Latin America and Australia. The EMEA Infrastructures segment engages in the regulated gas and electricity distribution business in Spain, as well as provides network services for customers, primarily connections and hook-ups, metering, and other actions associated with third-party access to company’s distribution network; and manages the Maghreb - Europe gas pipeline. The Latin America South Zone Infrastructures segment distributes gas and electricity in Argentina and Chile; and distributes gas in Brazil and Peru. The Latin America North Zone Infrastructures segment distributes gas in Mexico and electricity in Panama. The Rest segment is involved in the gas marketing and storage business. The company was formerly known as Gas Natural SDG, S.A. and changed its name to Naturgy Energy Group, S.A. in June 2018. Naturgy Energy Group, S.A. was founded in 1843 and is headquartered in Barcelona, Spain.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 20:53|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.