Enagás, S.A.

BATS-CHIXE:ENGE Stock Report

Market Cap: €3.3b

Enagás Valuation

Is ENGE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ENGE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENGE (€12.66) is trading below our estimate of fair value (€20.11)

Significantly Below Fair Value: ENGE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENGE?

Key metric: As ENGE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ENGE. This is calculated by dividing ENGE's market cap by their current earnings.
What is ENGE's PE Ratio?
PE Ratio9.2x
Earnings€359.33m
Market Cap€3.32b

Price to Earnings Ratio vs Peers

How does ENGE's PE Ratio compare to its peers?

The above table shows the PE ratio for ENGE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.2x
DRX Drax Group
3.8x-27.6%UK£2.5b
UU. United Utilities Group
65.8x25.1%UK£7.4b
SVT Severn Trent
57.9x23.2%UK£8.1b
CNA Centrica
5.6x-10.8%UK£6.2b
ENGE Enagás
9.2x0.04%€3.3b

Price-To-Earnings vs Peers: ENGE is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (33.1x).

Price to Earnings Ratio vs Industry

How does ENGE's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies15PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENGE is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Global Gas Utilities industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is ENGE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENGE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ENGE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ENGE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€15.59
0%
14.8%€19.50€12.50n/a17
Nov ’25n/a
€15.59
0%
14.8%€19.50€12.50n/a17
Oct ’25€13.78
€15.74
+14.3%
13.8%€19.04€13.00n/a18
Sep ’25€13.86
€15.74
+13.6%
13.8%€19.04€13.00n/a18
Aug ’25€13.62
€15.74
+15.6%
13.8%€19.04€13.00n/a18
Jul ’25€14.39
€15.98
+11.0%
14.6%€19.60€13.00n/a18
Jun ’25n/a
€16.13
0%
14.7%€20.07€13.00n/a18
May ’25€13.87
€16.13
+16.4%
14.7%€20.07€13.00n/a18
Apr ’25€13.69
€16.14
+18.0%
14.5%€20.07€13.00n/a18
Mar ’25n/a
€16.25
0%
13.5%€20.07€13.00n/a18
Feb ’25n/a
€16.54
0%
18.1%€25.00€13.00n/a18
Jan ’25n/a
€16.70
0%
18.2%€25.00€13.50n/a18
Dec ’24€16.85
€16.70
-0.9%
18.2%€25.00€13.50n/a18
Nov ’24€15.84
€16.94
+7.0%
17.6%€25.00€13.50n/a18
Oct ’24n/a
€17.11
0%
17.2%€25.00€13.50€13.7818
Sep ’24n/a
€17.11
0%
17.2%€25.00€13.50€13.8618
Aug ’24n/a
€17.11
0%
17.2%€25.00€13.50€13.6218
Jul ’24€18.01
€17.20
-4.5%
17.1%€25.00€13.00€14.3918
Jun ’24€17.83
€17.05
-4.3%
17.0%€25.00€13.00n/a18
May ’24€18.10
€17.05
-5.8%
17.0%€25.00€13.00€13.8718
Apr ’24€17.45
€16.79
-3.8%
16.6%€25.00€13.00€13.6918
Mar ’24€16.59
€16.76
+1.0%
16.8%€25.00€12.50n/a18
Feb ’24€16.57
€16.70
+0.8%
17.3%€25.00€12.50n/a18
Jan ’24€15.58
€16.92
+8.6%
17.1%€25.00€13.00n/a18
Dec ’23€17.59
€16.88
-4.0%
17.9%€25.00€11.00€16.8519
Nov ’23€16.32
€17.18
+5.3%
17.6%€25.00€11.00€15.8418

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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