Enagás, S.A. engages in the development, operation, and maintenance of gas infrastructures in Spain, Mexico, Chile, Peru, Albania, Greece, Italy, and the United States.
Enagás, S.A. engages in the development, operation, and maintenance of gas infrastructures in Spain, Mexico, Chile, Peru, Albania, Greece, Italy, and the United States. It operates through Gas transmission, Regasification, and Storage of Gas segments. The company provides gas transmission services through primary and secondary transmission pipelines; natural gas regasification services; and operates underground storage facilities.
Enagás Fundamentals Summary
How do Enagás's earnings and revenue compare to its market cap?
Is Enagás undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
13.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENG (€21.41) is trading below our estimate of fair value (€24.65)
Significantly Below Fair Value: ENG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ENG is poor value based on its PE Ratio (13.9x) compared to the European Gas Utilities industry average (11.8x).
PE vs Market: ENG is good value based on its PE Ratio (13.9x) compared to the Spanish market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: ENG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ENG is overvalued based on its PB Ratio (1.8x) compared to the XE Gas Utilities industry average (0.9x).
Future Growth
How is Enagás forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Future Growth Score
0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-8.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENG's earnings are forecast to decline over the next 3 years (-8.8% per year).
Earnings vs Market: ENG's earnings are forecast to decline over the next 3 years (-8.8% per year).
High Growth Earnings: ENG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ENG's revenue is expected to decline over the next 3 years (-4.6% per year).
High Growth Revenue: ENG's revenue is forecast to decline over the next 3 years (-4.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENG's Return on Equity is forecast to be low in 3 years time (11.1%).
Past Performance
How has Enagás performed over the past 5 years?
Past Performance Score
1/6
Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-2.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENG has high quality earnings.
Growing Profit Margin: ENG's current net profit margins (41.4%) are lower than last year (42.1%).
Past Earnings Growth Analysis
Earnings Trend: ENG's earnings have declined by 2.2% per year over the past 5 years.
Accelerating Growth: ENG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ENG had negative earnings growth (-9%) over the past year, making it difficult to compare to the Gas Utilities industry average (12%).
Return on Equity
High ROE: ENG's Return on Equity (13%) is considered low.
Financial Health
How is Enagás's financial position?
Financial Health Score
3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ENG's short term assets (€1.9B) exceed its short term liabilities (€1.5B).
Long Term Liabilities: ENG's short term assets (€1.9B) do not cover its long term liabilities (€5.3B).
Debt to Equity History and Analysis
Debt Level: ENG's net debt to equity ratio (127.3%) is considered high.
Reducing Debt: ENG's debt to equity ratio has reduced from 247.1% to 174.3% over the past 5 years.
Debt Coverage: ENG's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: ENG's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
Dividend
What is Enagás's current dividend yield, its reliability and sustainability?
Dividend Score
4/6
Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
8.03%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ENG's dividend (8.03%) is higher than the bottom 25% of dividend payers in the Spanish market (1.83%).
High Dividend: ENG's dividend (8.03%) is in the top 25% of dividend payers in the Spanish market (5.43%)
Stability and Growth of Payments
Stable Dividend: ENG's dividends per share have been stable in the past 10 years.
Growing Dividend: ENG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (110.1%), ENG's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88.2%), ENG's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Arturo Aizpiri
0.25
Tenure
Mr. Arturo Gonzalo Aizpiri is CEO & Director of Enagás, S.A. from February 2022.
Leadership Team
Experienced Management: ENG's management team is considered experienced (4.6 years average tenure).
Board Members
Experienced Board: ENG's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Enagás, S.A.'s employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/19 00:00
End of Day Share Price
2022/05/19 00:00
Earnings
2021/12/31
Annual Earnings
2021/12/31
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.