ENGIE
ENGIE SA engages in power, natural gas, and energy services businesses. The last earnings update was 62 days ago. More info.
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ENGI Share Price and Events
7 Day Returns
1 Year Returns
ENGI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| ENGIE (ENGI) | -5.8% | -3.9% | -9.3% | -10.2% | -7% | -37.1% |
| Europe Integrated Utilities | -1.9% | -2.2% | -3.3% | -2.2% | -4.3% | -22.8% |
| FR Market | 0.6% | -3.3% | 3.8% | -3.9% | 27.3% | 27.2% |
1 Year Return vs Industry and Market
- ENGI underperformed the Integrated Utilities industry which returned -2.2% over the past year.
- ENGI underperformed the Market in France which returned -3.9% over the past year.
Value
Is ENGIE undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
ENGIE
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for ENGIE.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.1% |
| Perpetual Growth Rate | 10-Year FR Government Bond Rate | 0.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year FR Govt Bond Rate | 0.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| Integrated Utilities Unlevered Beta | Simply Wall St/ S&P Global | 0.3 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.3 (1 + (1- 33%) (105.14%)) |
0.672 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.8 * 6.65%) |
6.05% |
Discounted Cash Flow Calculation for ENXTPA:ENGI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for ENGIE is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 6.05%) |
|
|---|---|---|---|
| 2019 | 1,566.03 | Analyst x7 | 1,476.65 |
| 2020 | 2,693.96 | Analyst x7 | 2,395.22 |
| 2021 | 2,779.04 | Analyst x5 | 2,329.84 |
| 2022 | 2,606.67 | Analyst x3 | 2,060.60 |
| 2023 | 2,848.67 | Analyst x3 | 2,123.38 |
| 2024 | 2,876.24 | Est @ 0.97% | 2,021.56 |
| 2025 | 2,902.05 | Est @ 0.9% | 1,923.29 |
| 2026 | 2,926.66 | Est @ 0.85% | 1,828.90 |
| 2027 | 2,950.47 | Est @ 0.81% | 1,738.54 |
| 2028 | 2,973.77 | Est @ 0.79% | 1,652.26 |
| Present value of next 10 years cash flows | €19,550.23 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €2,973.77 × (1 + 0.73%) ÷ (6.05% – 0.73%) |
€56,307.58 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €56,307.58 ÷ (1 + 6.05%)10 |
€31,285.08 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €19,550.23 + €31,285.08 |
€50,835.31 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €50,835.31 / 2,411.39 |
€21.08 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €21.08 |
| Current discount | Discount to share price of
€12.82
= -1 x (€12.82 - €21.08) / €21.08 |
39.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- ENGIE's share price is below the future cash flow value, and at a moderate discount (> 20%).
- ENGIE's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for ENGIE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
ENGIE's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €-0.07 |
| ENXTPA:ENGI Share Price ** | ENXTPA (2019-05-22) in EUR | €12.82 |
| Europe Integrated Utilities Industry PE Ratio | Median Figure of 17 Publicly-Listed Integrated Utilities Companies | 23.07x |
| France Market PE Ratio | Median Figure of 419 Publicly-Listed Companies | 17.44x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of ENGIE.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTPA:ENGI Share Price ÷ EPS (both in EUR) = 12.82 ÷ -0.07 |
-195.67x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ENGIE is loss making, we can't compare its value to the Europe Integrated Utilities industry average.
- ENGIE is loss making, we can't compare the value of its earnings to the France market.
Price based on expected Growth
Does
ENGIE's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -195.67x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
29.6%per year |
| Europe Integrated Utilities Industry PEG Ratio | Median Figure of 12 Publicly-Listed Integrated Utilities Companies | 2.33x |
| France Market PEG Ratio | Median Figure of 269 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for ENGIE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
ENGIE's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €14.74 |
| ENXTPA:ENGI Share Price * | ENXTPA (2019-05-22) in EUR | €12.82 |
| Europe Integrated Utilities Industry PB Ratio | Median Figure of 21 Publicly-Listed Integrated Utilities Companies | 1.71x |
| France Market PB Ratio | Median Figure of 620 Publicly-Listed Companies | 1.44x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTPA:ENGI Share Price ÷ Book Value per Share (both in EUR) = 12.82 ÷ 14.74 |
0.87x |
* Primary Listing of ENGIE.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ENGIE is good value based on assets compared to the Europe Integrated Utilities industry average.
Value checks
We assess ENGIE's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check) ENGIE has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is ENGIE expected to perform in the next 1 to 3 years based on estimates from 14 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- ENGIE's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
- ENGIE's earnings growth is expected to exceed the France market average.
- ENGIE's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTPA:ENGI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 29.6% |
| ENXTPA:ENGI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 4.7% |
| Europe Integrated Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 17.8% |
| Europe Integrated Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
| France Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| France Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 75,310 | 8,380 | 3,299 | 1 |
| 2022-12-31 | 76,727 | 8,562 | 3,539 | 2 |
| 2021-12-31 | 70,131 | 8,584 | 3,220 | 10 |
| 2020-12-31 | 66,944 | 8,110 | 2,886 | 12 |
| 2019-12-31 | 64,586 | 8,452 | 2,553 | 10 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 60,596 | 7,873 | -157 |
| 2018-09-30 | 60,097 | 8,391 | 401 |
| 2018-06-30 | 65,051 | 8,882 | 1,138 |
| 2018-03-31 | 65,040 | 9,096 | 1,110 |
| 2017-12-31 | 59,576 | 9,335 | 903 |
| 2017-09-30 | 62,259 | 9,358 | 57 |
| 2017-06-30 | 62,426 | 9,391 | -706 |
| 2017-03-31 | 63,633 | 9,783 | -578 |
| 2016-12-31 | 64,840 | 10,174 | -450 |
| 2016-09-30 | 64,389 | 9,492 | -2,521 |
| 2016-06-30 | 63,937 | 8,809 | -4,592 |
| 2016-03-31 | 66,910 | 9,596 | -4,677 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from ENGIE Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1.37 | 1.39 | 1.34 | 2.00 |
| 2022-12-31 | 1.50 | 1.63 | 1.37 | 3.00 |
| 2021-12-31 | 1.33 | 1.49 | 1.17 | 9.00 |
| 2020-12-31 | 1.20 | 1.31 | 1.09 | 11.00 |
| 2019-12-31 | 1.06 | 1.13 | 0.96 | 12.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.07 |
| 2018-09-30 | 0.17 |
| 2018-06-30 | 0.47 |
| 2018-03-31 | 0.46 |
| 2017-12-31 | 0.38 |
| 2017-09-30 | 0.02 |
| 2017-06-30 | -0.30 |
| 2017-03-31 | -0.24 |
| 2016-12-31 | -0.19 |
| 2016-09-30 | -1.05 |
| 2016-06-30 | -1.92 |
| 2016-03-31 | -1.96 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess ENGIE's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
ENGIE has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has ENGIE performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- ENGIE does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare ENGIE's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare ENGIE's 1-year growth to the Europe Integrated Utilities industry average as it is not currently profitable.
Earnings and Revenue History
All data from ENGIE Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 60,596.00 | -157.00 | 10,736.00 | |
| 2018-09-30 | 60,097.00 | 401.00 | 10,586.50 | |
| 2018-06-30 | 65,051.00 | 1,138.00 | 10,469.00 | |
| 2018-03-31 | 65,040.00 | 1,110.00 | 10,335.00 | |
| 2017-12-31 | 59,576.00 | 903.00 | 10,169.00 | |
| 2017-09-30 | 62,258.50 | 56.50 | 10,103.50 | |
| 2017-06-30 | 62,426.00 | -706.00 | 10,023.00 | |
| 2017-03-31 | 63,633.00 | -578.00 | 10,078.00 | |
| 2016-12-31 | 64,840.00 | -450.00 | 10,133.00 | |
| 2016-09-30 | 64,388.50 | -2,521.00 | 10,206.50 | |
| 2016-06-30 | 63,937.00 | -4,592.00 | 10,280.00 | |
| 2016-03-31 | 66,910.00 | -4,677.00 | 10,287.50 | |
| 2015-12-31 | 69,883.00 | -4,762.00 | 10,295.00 | |
| 2015-09-30 | 71,902.50 | -1,894.50 | 10,287.00 | |
| 2015-06-30 | 73,922.00 | 973.00 | 10,279.00 | |
| 2015-03-31 | 74,304.00 | 1,671.50 | 10,105.50 | |
| 2014-12-31 | 74,686.00 | 2,370.00 | 9,932.00 | |
| 2014-09-30 | 76,378.00 | -3,029.50 | 9,862.00 | |
| 2014-06-30 | 78,070.00 | -8,429.00 | 9,792.00 | |
| 2014-03-31 | 82,984.00 | -8,813.50 | 10,788.50 | |
| 2013-12-31 | 87,898.00 | -9,198.00 | 11,785.00 | |
| 2013-09-30 | 92,142.00 | -4,163.00 | 12,808.00 | |
| 2013-06-30 | 95,615.00 | 957.00 | 13,695.00 | |
| 2013-03-31 | 96,326.50 | 1,250.50 | 13,567.00 | |
| 2012-12-31 | 97,038.00 | 1,544.00 | 13,439.00 | |
| 2012-09-30 | 96,284.00 | 2,567.50 | 13,148.00 | |
| 2012-06-30 | 95,530.00 | 3,591.00 | 12,857.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- ENGIE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- ENGIE used its assets less efficiently than the Europe Integrated Utilities industry average last year based on Return on Assets.
- It is difficult to establish if ENGIE improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess ENGIE's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
ENGIE has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is ENGIE's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up ENGIE's finances.
The net worth of a company is the difference between its assets and liabilities.
- ENGIE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- ENGIE's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from ENGIE Company Filings, last reported 4 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 40,942.00 | 32,504.00 | 19,758.00 |
| 2018-09-30 | 40,942.00 | 32,504.00 | 19,758.00 |
| 2018-06-30 | 41,877.00 | 32,582.00 | 12,080.00 |
| 2018-03-31 | 41,877.00 | 32,582.00 | 12,080.00 |
| 2017-12-31 | 42,123.00 | 33,819.00 | 16,907.00 |
| 2017-09-30 | 42,577.00 | 33,820.00 | 16,865.00 |
| 2017-06-30 | 43,832.00 | 36,221.00 | 12,406.00 |
| 2017-03-31 | 43,832.00 | 36,221.00 | 12,406.00 |
| 2016-12-31 | 45,448.00 | 37,268.00 | 18,975.00 |
| 2016-09-30 | 45,448.00 | 37,268.00 | 18,975.00 |
| 2016-06-30 | 47,164.00 | 37,488.00 | 10,378.00 |
| 2016-03-31 | 47,164.00 | 37,488.00 | 10,378.00 |
| 2015-12-31 | 48,750.00 | 39,533.00 | 19,207.00 |
| 2015-09-30 | 48,750.00 | 39,533.00 | 19,207.00 |
| 2015-06-30 | 57,104.00 | 39,324.00 | 13,957.00 |
| 2015-03-31 | 57,104.00 | 39,324.00 | 13,957.00 |
| 2014-12-31 | 55,981.00 | 38,722.00 | 15,159.00 |
| 2014-09-30 | 55,981.00 | 38,722.00 | 15,159.00 |
| 2014-06-30 | 57,039.00 | 39,410.00 | 16,139.00 |
| 2014-03-31 | 57,039.00 | 39,410.00 | 16,139.00 |
| 2013-12-31 | 53,660.00 | 39,393.00 | 11,750.00 |
| 2013-09-30 | 53,490.00 | 40,421.00 | 11,738.00 |
| 2013-06-30 | 70,678.00 | 52,749.00 | 12,041.00 |
| 2013-03-31 | 70,678.00 | 52,749.00 | 12,041.00 |
| 2012-12-31 | 71,303.00 | 57,488.00 | 14,350.00 |
| 2012-09-30 | 71,303.00 | 57,488.00 | 14,350.00 |
| 2012-06-30 | 73,657.00 | 66,169.00 | 22,384.00 |
- ENGIE's level of debt (79.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (73.4% vs 79.4% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Whilst loss making ENGIE has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making ENGIE has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
Financial health checks
We assess ENGIE's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) ENGIE has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is ENGIE's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
ENGIE
shares you are expected to receive
€175
in your first year as a dividend.
Dividend Amount
- ENGIE's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.58%).
- ENGIE's dividend is above the markets top 25% of dividend payers in France (4.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Europe Integrated Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 19 Stocks | 5.5% |
| France Market Average Dividend Yield | Market Cap Weighted Average of 323 Stocks | 3.1% |
| France Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| France Bottom 25% Dividend Yield | 25th Percentile | 1.6% |
| France Top 25% Dividend Yield | 75th Percentile | 4.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.96 | 2.00 |
| 2022-12-31 | 1.05 | 3.00 |
| 2021-12-31 | 0.93 | 12.00 |
| 2020-12-31 | 0.84 | 14.00 |
| 2019-12-31 | 0.78 | 13.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-21 | 1.120 | 8.430 |
| 2019-02-28 | 1.120 | 8.405 |
| 2018-09-25 | 0.720 | 5.643 |
| 2018-05-21 | 0.750 | 5.667 |
| 2017-07-28 | 0.700 | 4.977 |
| 2017-03-02 | 1.000 | 7.525 |
| 2016-07-28 | 1.000 | 7.937 |
| 2016-02-25 | 1.000 | 7.159 |
| 2015-07-29 | 1.000 | 6.474 |
| 2015-04-27 | 1.000 | 5.669 |
| 2014-03-27 | 1.170 | 6.073 |
| 2014-02-27 | 1.500 | 7.834 |
| 2013-04-23 | 1.500 | 8.903 |
| 2013-03-22 | 1.500 | 9.631 |
| 2013-02-28 | 1.500 | 10.215 |
| 2012-08-02 | 1.500 | 8.879 |
| 2012-02-09 | 1.500 | 8.319 |
| 2011-08-10 | 1.500 | 7.221 |
| 2011-04-13 | 1.500 | 6.107 |
| 2010-08-10 | 1.500 | 5.485 |
| 2010-03-04 | 1.470 | 5.625 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ENGIE has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- ENGIE has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess ENGIE's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can ENGIE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) ENGIE has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €2,847,812 |
| AGE | 52 |
| TENURE AS CEO | 3 years |
CEO Bio
Ms. Isabelle Kocher serves as Deputy Chief Executive Officer and Chief Operating Officer at ENGIE E&P Deutschland GmbH. Ms. Kocher has been the Chief Executive Officer of ENGIE SA since May 3, 2016. Ms. Kocher served as Deputy Chief Executive Officer and Chief Operating Officer of ENGIE SA and its Group from November 12, 2014 to May 3, 2016. She served as the Chief Financial Officer and Executive Vice President at ENGIE SA of the Group since October 1, 2011 until November 12, 2014. Ms. Kocher served as Group Senior Vice President of Performance and Organization at GDF Suez S.A. She served as the Chief Executive Officer/Managing Director of Lyonnaise Des Eaux France SA from September 2009 to October 2011 and was in charge of the development of activities in Europe. She served as the Head of Water development - Europe Germany and Italy at Suez Environnement Company SA since September 2009. She served as Chief Operating Officer of Lyonnaise Des Eaux France SA from 2007 to September 2009 and served as its Executive Vice President from 2007 to 2009. Ms. Kocher has extensive experience in industry and finance, notably in the Ministry of the Economy, Finance and Industry from 1997. From 1999 to 2002, she served as an Industrial Affairs Adviser to the Prime Minister. She served as a Senior Vice President in charge of performance and reorganization programs of the Suez Group from 2005 to 2007. She was In charge of the strategic overview of the Suez Group and the strategic monitoring of Suez Environnement from 1999 to 2002. From 1997 to 1999, she was Budget Officer for telecommunications and defense at the French Ministry for the Economy. From 1999 to 2002, she served as Industrial Affairs Advisor to Prime Minister Lionel Jospin. In 2002, she joined the Suez Group, which later became ENGIE, where for 12 years she held various functional and operational positions: from 2002 to 2005, in the Strategy and Development Department; from 2005 to 2007, as Director of Performance and Organization; and from 2007 to 2011, as Deputy CEO. She was Industrial Affairs Advisor to the Prime Minister of France from 1999 to 2002. She was Manager of the postal and telecommunications budgets, followed by the defense budget at the Budget Department of France from 1997 to 1998. She was Manager of the industrial inspection and certification department at the DRIRE for the Ile-de-France region of France from 1994 to 1997. She worked in Merger and acquisitions department at the Compagnie Financière Edmond de Rothschild from 1992 to 1993. She was Project manager for the optimization and restructuring of production workshops at the Société Européenne de Propulsion from 1991 to 1992. She has been a Vice-Chairman of Electrabel SA since March 16, 2012. Ms. Kocher has been a Director at SUEZ SA (formerly Suez Environnement Company SA) since February 07, 2012 and ENGIE SA since November 12, 2014. She has been a Non Independent Director at International Power plc since December 8, 2011. She serves as a Director of SUEZ Environnement Company (France), Lyonnaise des Eaux France S.A. and Mines Paritech (France). She served as an Independent Director of AXA SA (formerly AXA Group) from April 29, 2010 to April 25, 2018. She served as a Director of Fluxys Belgium SA from May 2006 to February 27, 2009. She served as a Non-executive Independent Director of Arkema S.A from November 9, 2009 to July 11, 2012. Ms. Kocher is a graduate of the Ecole Normale Supérieure, Rue d’Ulm, Paris, France; Engineer of the Corps des Mines; DEA (postgraduate degree) in quantum optics and aggregation in Physics. She is a qualified lecturer in Physics. Directorships and offices held in any company in 2017 Chairman of Electrabel (Belgium) of ENGIE Group Director of Axa and SUEZ (France) Other directorships and offices held in the last five years Deputy CEO of ENGIE (France) Vice-Chairman of Electrabel of ENGIE Group (Belgium) Director of ENGIE ES (France) of ENGIE Group and International Power (UK) of ENGIE Group
CEO Compensation
- Isabelle's compensation has been consistent with company performance over the past year, both up more than 20%.
- Isabelle's remuneration is about average for companies of similar size in France.
Management Team Tenure
Average tenure and age of the ENGIE management team in years:
- The tenure for the ENGIE management team is about average.
Management Team
Isabelle Kocher
CEO & Director
€3M
52
3 yrs
Judith Hartmann
CFO & Executive VP
49
4.2 yrs
Paulo Jorge Almirante
Group COO & Executive VP
54
0.8 yrs
Shankar Krishnamoorthy
Executive VP and Strategy
58
Yves Le Gélard
Executive VP and Chief Digital & Group Information Officer
59
Ana Busto
Executive VP and Chief Brand & Communication Officer
48
3.3 yrs
Pierre Deheunynck
Executive VP & Chief of The Group Human Resources Department
56
3.3 yrs
Pierre Mongin
Executive VP & Group General Secretary
64
4 yrs
Pierre Michel Chareyre
Executive Vice President
62
3.3 yrs
Martin de Lestang
Managing Director of the Gas Chain Metier
46
Board of Directors Tenure
Average tenure and age of the ENGIE board of directors in years:
- The tenure for the ENGIE board of directors is about average.
Board of Directors
Jean-Pierre Clamadieu
Chairman of the Board
€217K
60
1 yrs
Isabelle Kocher
CEO & Director
€3M
52
4.5 yrs
Gérard Mestrallet
Honorary Chairman
€1M
69
1 yrs
Dominique Magnien
Director of Communications - Public Affairs & Advisory Board Member
1.7 yrs
Edmond Alphandéry
Independent Director
€119K
75
10.8 yrs
Françoise Malrieu
Independent Director
€133K
72
8 yrs
Marie-José Nadeau
Independent Director
€140K
65
4.1 yrs
Alain Beullier
Employee Representative Director
54
10.3 yrs
Aldo Cardoso
Director
€97K
62
14.5 yrs
Ann-Kristin Achleitner
Independent Director
€90K
52
6.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess ENGIE's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) ENGIE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Is ENGIE SA's (EPA:ENGI) Balance Sheet Strong Enough To Weather A Storm?
the key to their continued success lies in its financial health. … I will provide an overview of ENGIE’s financial liquidity and leverage to give you an idea of ENGIE’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleIs ENGIE SA (EPA:ENGI) An Attractive Dividend Stock?
Dividend paying stocks like ENGIE SA (EPA:ENGI) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. … With ENGIE yielding 8.4% and having paid a dividend for over 10 years, many investors likely find the company quite interesting.
Simply Wall St - – Full articleCould ENGIE SA's (EPA:ENGI) Investor Composition Influence The Stock Price?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleENGIE SA (EPA:ENGI): The Best Of Both Worlds
I've been keeping an eye on ENGIE SA (EPA:ENGI) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe ENGI has a lot to offer. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleShould You Worry About ENGIE SA's (EPA:ENGI) CEO Salary Level?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Isabelle Kocher's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleA Look At The Intrinsic Value Of ENGIE SA (EPA:ENGI)
by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWhat Investors Should Know About ENGIE SA's (EPA:ENGI) Financial Strength
the health of the financials determines whether the company continues to succeed. … Today we will look at ENGIE’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself
Simply Wall St - – Full articleA Closer Look At ENGIE SA's (EPA:ENGI) Uninspiring ROE
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.045 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Should Investors Know About ENGIE SA's (EPA:ENGI) Return On Capital?
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in ENGIE, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleDo Institutions Own ENGIE SA (EPA:ENGI) Shares?
Companies that have been privatized tend to have low insider ownership. … Our analysis of the ownership of the company, below, shows that. … institutional investors have bought into the company.
Simply Wall St - – Full articleCompany Info
Description
ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, and Other segments. It engages in the generation and sale of power through nuclear, thermal, solar, wind, biogas, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure. The company also provides energy sales and services for buildings and industry, cities and regions, and major infrastructures, as well as to individual and professional customers; and operates natural gas transportation, storage, and distribution networks and facilities, and LNG terminals primarily in France and Germany, as well as sells access rights to these infrastructures to third parties. In addition, it is involved in the development, construction, financing, operation, and maintenance of various renewable power generation assets, including hydraulic, wind, and photovoltaic; design, financing, building, and operation of decentralized energy production and distribution facilities; and design of cryogenic membrane confinement systems for sea transportation and storage of LNG on land and at sea. Further, the company provides energy storage solutions and microgrids, as well as cabling network services; and operates heating and cooling networks. The company was formerly known as GDF SUEZ S.A. and changed its name to ENGIE SA in April 2015. ENGIE SA was founded in 1880 and is headquartered in Courbevoie, France.
Details
| Name: | ENGIE SA |
| ENGI | |
| Exchange: | ENXTPA |
| Founded: | 1880 |
| €30,914,069,041 | |
| 2,411,393,841 | |
| Website: | http://www.engie.com |
| Address: |
ENGIE SA 1, place Samuel de Champlain, Courbevoie, Ile-de-France, 92400, France |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTPA | ENGI | Ordinary Shares | Euronext Paris | FR | EUR | 08. Jul 2005 | |
| OTCPK | ENGQ.F | Ordinary Shares | Pink Sheets LLC | US | USD | 08. Jul 2005 | |
| DB | GZF | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 08. Jul 2005 | |
| XTRA | GZF | Ordinary Shares | XETRA Trading Platform | DE | EUR | 08. Jul 2005 | |
| LSE | 0LD0 | Ordinary Shares | London Stock Exchange | GB | EUR | 08. Jul 2005 | |
| SWX | ENGI | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 08. Jul 2005 | |
| BIT | ENGI | Ordinary Shares | Borsa Italiana | IT | EUR | 08. Jul 2005 | |
| WBAG | ENGI | Ordinary Shares | Wiener Boerse AG | AT | EUR | 08. Jul 2005 | |
| BDL | GDFLU | Ordinary Shares | Bourse de Luxembourg | LU | EUR | 08. Jul 2005 | |
| BATS-CHIXE | ENGIP | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 08. Jul 2005 | |
| OTCPK | ENGI.Y | SPONS ADR | Pink Sheets LLC | US | USD | 22. Jul 2008 | |
| ENXTPA | NGIAU | 4.75%-FRN SNR PERP EUR100000 'REGS' | Euronext Paris | FR | EUR | 04. Jul 2013 | |
| DB | GZFB | SPONS ADR | Deutsche Boerse AG | DE | EUR | 22. Jul 2008 | |
| DB | GZFU | 4.75%-FRN SNR PERP EUR100000 'REGS' | Deutsche Boerse AG | DE | EUR | 04. Jul 2013 |
Number of employees
Current staff
Industry
| Multi-Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 21:18 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/22 |
| Last earnings filing: | 2019/03/21 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
