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ENGIE

ENXTPA:ENGI
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENGI
ENXTPA
€31B
Market Cap
  1. Home
  2. FR
  3. Utilities
Company description

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
-5.8%
ENXTPA:ENGI
-1.9%
Europe Integrated Utilities
0.6%
FR Market
1 Year Returns
-10.2%
ENXTPA:ENGI
-2.2%
Europe Integrated Utilities
-3.9%
FR Market
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.
Price Volatility
ENGI
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ENGIE.

ENXTPA:ENGI Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ENGI
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.

ENXTPA:ENGI DCF 1st Stage: Next 10 year cash flow forecast
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
ENXTPA:ENGI DCF 2nd Stage: Terminal Value
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
ENXTPA:ENGI Total Equity Value
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
ENXTPA:ENGI Discount to Share Price
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
Amount off the current price ENGIE is available for.
Intrinsic value
39%
Share price is €12.82 vs Future cash flow value of €21.08
Current Discount Checks
For ENGIE to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
ENXTPA:ENGI PE (Price to Earnings) Ratio Data Sources
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.

ENXTPA:ENGI PE (Price to Earnings) Ratio Calculation
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?
Raw Data
ENXTPA:ENGI PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
ENXTPA:ENGI PB (Price to Book) Ratio Data Sources
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
ENXTPA:ENGI PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess ENGIE's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
29.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ENGIE expected to grow at an attractive rate?
  • 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
Raw Data
ENXTPA:ENGI Future Growth Rates Data Sources
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
Raw Data
ENXTPA:ENGI Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ENGI Future Estimates Data
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
ENXTPA:ENGI Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • ENGIE's earnings are expected to grow significantly at over 20% yearly.
  • ENGIE's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ENGI 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.

ENXTPA:ENGI Future Estimates Data
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
ENXTPA:ENGI Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ENGIE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ENGIE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare ENGIE's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
ENGIE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ENGIE Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ENGI Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess ENGIE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of ENGIE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from ENGIE Company Filings, last reported 4 months ago.

ENXTPA:ENGI Past Debt and Equity Data
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.
X
Financial health checks
We assess ENGIE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ENGIE has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
8.74%
Current annual income from ENGIE dividends. Estimated to be 6.76% next year.
If you bought €2,000 of ENGIE shares you are expected to receive €175 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
ENXTPA:ENGI Annualized Past and Future Dividends
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.

ENXTPA:ENGI Future Dividends Estimate Data
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
ENXTPA:ENGI Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of ENGIE's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess ENGIE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of ENGIE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Isabelle Kocher
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:

3.3
Average Tenure
55
Average Age
  • The tenure for the ENGIE management team is about average.
Management Team

Isabelle Kocher

TITLE
CEO & Director
COMPENSATION
€3M
AGE
52
TENURE
3 yrs

Judith Hartmann

TITLE
CFO & Executive VP
AGE
49
TENURE
4.2 yrs

Paulo Jorge Almirante

TITLE
Group COO & Executive VP
AGE
54
TENURE
0.8 yrs

Shankar Krishnamoorthy

TITLE
Executive VP and Strategy
AGE
58

Yves Le Gélard

TITLE
Executive VP and Chief Digital & Group Information Officer
AGE
59

Ana Busto

TITLE
Executive VP and Chief Brand & Communication Officer
AGE
48
TENURE
3.3 yrs

Pierre Deheunynck

TITLE
Executive VP & Chief of The Group Human Resources Department
AGE
56
TENURE
3.3 yrs

Pierre Mongin

TITLE
Executive VP & Group General Secretary
AGE
64
TENURE
4 yrs

Pierre Michel Chareyre

TITLE
Executive Vice President
AGE
62
TENURE
3.3 yrs

Martin de Lestang

TITLE
Managing Director of the Gas Chain Metier
AGE
46
Board of Directors Tenure

Average tenure and age of the ENGIE board of directors in years:

5.6
Average Tenure
62
Average Age
  • The tenure for the ENGIE board of directors is about average.
Board of Directors

Jean-Pierre Clamadieu

TITLE
Chairman of the Board
COMPENSATION
€217K
AGE
60
TENURE
1 yrs

Isabelle Kocher

TITLE
CEO & Director
COMPENSATION
€3M
AGE
52
TENURE
4.5 yrs

Gérard Mestrallet

TITLE
Honorary Chairman
COMPENSATION
€1M
AGE
69
TENURE
1 yrs

Dominique Magnien

TITLE
Director of Communications - Public Affairs & Advisory Board Member
TENURE
1.7 yrs

Edmond Alphandéry

TITLE
Independent Director
COMPENSATION
€119K
AGE
75
TENURE
10.8 yrs

Françoise Malrieu

TITLE
Independent Director
COMPENSATION
€133K
AGE
72
TENURE
8 yrs

Marie-José Nadeau

TITLE
Independent Director
COMPENSATION
€140K
AGE
65
TENURE
4.1 yrs

Alain Beullier

TITLE
Employee Representative Director
AGE
54
TENURE
10.3 yrs

Aldo Cardoso

TITLE
Director
COMPENSATION
€97K
AGE
62
TENURE
14.5 yrs

Ann-Kristin Achleitner

TITLE
Independent Director
COMPENSATION
€90K
AGE
52
TENURE
6.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ENGIE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Is 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 -

Could 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 -

ENGIE 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 -

Should 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 -

A 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 -

What 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 -

A 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 -

What 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 -

Do 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 -

Company 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
Staff numbers
160,000
ENGIE employees.
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.