Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
Similar Companies
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: NTGY has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
NTGY
-0.2%
ES Gas Utilities
1.9%
ES Market
1 Year Return
0.5%
NTGY
5.2%
ES Gas Utilities
8.0%
ES Market
Return vs Industry: NTGY underperformed the Spanish Gas Utilities industry which returned 5.2% over the past year.
Return vs Market: NTGY underperformed the Spanish Market which returned 8% over the past year.
Shareholder returns
| NTGY | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -0.2% | 1.9% |
| 30 Day | -5.1% | -5.1% | 0.1% |
| 90 Day | -2.6% | -0.5% | 2.5% |
| 1 Year | 5.1%0.5% | 10.2%5.2% | 11.9%8.0% |
| 3 Year | 51.8%32.6% | 43.9%25.1% | 14.0%3.2% |
| 5 Year | 40.5%11.1% | 55.8%16.6% | 15.2%-4.2% |
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
1 week ago | Simply Wall St
What Type Of Shareholder Owns Naturgy Energy Group, S.A.'s (BME:NTGY)?3 weeks ago | Simply Wall St
Does Naturgy Energy Group's (BME:NTGY) Share Price Gain of 45% Match Its Business Performance?1 year ago | Simply Wall St
What Do You Get For Owning Naturgy Energy Group SA (BME:NTGY)?Valuation
Is Naturgy Energy Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NTGY (€22.72) is trading below our estimate of fair value (€50.24)
Significantly Below Fair Value: NTGY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NTGY is poor value based on its PE Ratio (22.3x) compared to the Gas Utilities industry average (15.6x).
PE vs Market: NTGY is poor value based on its PE Ratio (22.3x) compared to the Spanish market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: NTGY is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: NTGY is overvalued based on its PB Ratio (2x) compared to the XE Gas Utilities industry average (1.3x).
Next Steps
Future Growth
How is Naturgy Energy Group forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
5.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NTGY's forecast earnings growth (5.6% per year) is above the savings rate (0.4%).
Earnings vs Market: NTGY's earnings (5.6% per year) are forecast to grow slower than the Spanish market (10.1% per year).
High Growth Earnings: NTGY's earnings are forecast to grow, but not significantly.
Revenue vs Market: NTGY's revenue (1.7% per year) is forecast to grow slower than the Spanish market (3.5% per year).
High Growth Revenue: NTGY's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NTGY's Return on Equity is forecast to be low in 3 years time (15.7%).
Next Steps
Past Performance
How has Naturgy Energy Group performed over the past 5 years?
-41.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NTGY has a large one-off loss of €4.2B impacting its September 30 2019 financial results.
Growing Profit Margin: NTGY became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NTGY's earnings have declined by -41.6% per year over the past 5 years.
Accelerating Growth: NTGY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NTGY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Gas Utilities industry (11.9%).
Return on Equity
High ROE: NTGY's Return on Equity (10.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Naturgy Energy Group's financial position?
Financial Position Analysis
Short Term Liabilities: NTGY's short term assets (€8.3B) exceed its short term liabilities (€6.6B).
Long Term Liabilities: NTGY's short term assets (€8.3B) do not cover its long term liabilities (€20.0B).
Debt to Equity History and Analysis
Debt Level: NTGY's debt to equity ratio (122%) is considered high.
Reducing Debt: NTGY's debt to equity ratio has increased from 106.4% to 122% over the past 5 years.
Debt Coverage: NTGY's debt is well covered by operating cash flow (23.1%).
Interest Coverage: NTGY's interest payments on its debt are well covered by EBIT (11.5x coverage).
Balance Sheet
Inventory Level: NTGY has a high level of physical assets or inventory.
Debt Coverage by Assets: NTGY's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is Naturgy Energy Group's current dividend yield, its reliability and sustainability?
6.03%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NTGY's dividend (6.03%) is higher than the bottom 25% of dividend payers in the Spanish market (2.26%).
High Dividend: NTGY's dividend (6.03%) is in the top 25% of dividend payers in the Spanish market (5.56%)
Stability and Growth of Payments
Stable Dividend: NTGY's dividend payments have been volatile in the past 10 years.
Growing Dividend: NTGY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85%), NTGY's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NTGY's dividends in 3 years are not forecast to be well covered by earnings (94% payout ratio).
Next Steps
Management
What is the CEO of Naturgy Energy Group's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Francisco Miguel Reynés Massanet (56yo)
1.8yrs
Tenure
€1,028,571
Compensation
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 ...
Management Age and Tenure
4.7yrs
Average Tenure
56yo
Average Age
Experienced Management: NTGY's management team is considered experienced (4.7 years average tenure).
Board Age and Tenure
3.3yrs
Average Tenure
61.5yo
Average Age
Experienced Board: NTGY's board of directors are considered experienced (3.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 20,000 |
| Max Price | €24.20 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 5,000 |
| Max Price | €24.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Carlos Javier Álvarez Fernández (56yo)
Chief Financial Officer
- Tenure: 19.9yrs
Manuel García Cobaleda (51yo)
GM of Legal Services
- Tenure: 0yrs
Francisco Miguel Reynés Massanet (56yo)
CEO & Chairman
- Tenure: 1.8yrs
- Compensation: €1.03m
Steven Fernández
Director of Capital Markets
- Tenure: 1.5yrs
Rosa María Sanz García (50yo)
Managing Director of España & Empl-Medgaz Infrastructure Business
- Tenure: 4.7yrs
Carlos Ayuso Salinas (57yo)
Director of Internal Audit
- Tenure: 5.9yrs
Abel Arbat
Head of Investor Relations
- Tenure: 0yrs
Jon Ganuza Fernández De Arroyabe
Controller
- Tenure: 0yrs
Board Members
Javier de Jaime Guijarro
Proprietary Director
- Tenure: 1.6yrs
- Compensation: €153.37k
Marcelino Armenter Vidal (62yo)
Proprietary Director
- Tenure: 3.3yrs
- Compensation: €255.50k
Enrique Alcántara-García Irazoqui (75yo)
Independent Director
- Tenure: 28.5yrs
- Compensation: €208.32k
Francisco Miguel Reynés Massanet (56yo)
CEO & Chairman
- Tenure: 1.8yrs
- Compensation: €1.03m
Ramón Adell (61yo)
Lead Director
- Tenure: 0yrs
- Compensation: €354.18k
Rajaram Rao (48yo)
Proprietary Director
- Tenure: 3.3yrs
- Compensation: €277.32k
Francisco Belil Creixell (73yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: €319.30k
Helena Herrero Starkie (60yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: €208.32k
Claudi Santiago Ponsa (63yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: €117.50k
José Antonio Torre de Silva López de Letona
Proprietary Director
- Tenure: 1.6yrs
- Compensation: €155.31k
Company Information
Naturgy Energy Group, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Naturgy Energy Group, S.A.
- Ticker: NTGY
- Exchange: BME
- Founded: 1843
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: €22.114b
- Shares outstanding: 973.31m
- Website: https://www.naturgy.com
Number of Employees
Location
- Naturgy Energy Group, S.A.
- Plaza del Gas, 1
- Barcelona
- Catalonia
- 8003
- Spain
Listings
| 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 |
Biography
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 Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 20:41 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.