Naturgy Energy Group, S.A.

BATS-CHIXE:NTGYE Stock Report

Market Cap: €22.0b

Naturgy Energy Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 NTGYE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NTGYE (€21.74) is trading above our estimate of fair value (€17.81)

Significantly Below Fair Value: NTGYE is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NTGYE. This is calculated by dividing NTGYE's market cap by their current earnings.
What is NTGYE's PE Ratio?
PE Ratio11x
Earnings€2.01b
Market Cap€22.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NTGYE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.3x
SSE SSE
10x5.3%UK£19.0b
UU. United Utilities Group
67.6x24.4%UK£7.6b
SVT Severn Trent
35.6x24.3%UK£8.2b
NG. National Grid
27.9x15.5%UK£48.1b
NTGYE Naturgy Energy Group
11x-5.0%€22.0b

Price-To-Earnings vs Peers: NTGYE is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (35.3x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies15PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NTGYE is good value based on its Price-To-Earnings Ratio (11x) compared to the Global Gas Utilities industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is NTGYE'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.

NTGYE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NTGYE'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 NTGYE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€24.16
0%
5.6%€27.00€21.00n/a16
Nov ’25€23.36
€24.16
+3.4%
5.6%€27.00€21.00n/a16
Oct ’25€23.61
€24.16
+2.3%
5.2%€26.50€21.00n/a17
Sep ’25€22.99
€24.11
+4.9%
5.4%€26.50€21.00n/a16
Aug ’25€22.27
€24.11
+8.3%
5.5%€26.50€21.00n/a15
Jul ’25€20.66
€24.18
+17.0%
7.4%€27.80€21.00n/a15
Jun ’25€24.72
€23.88
-3.4%
6.7%€27.80€21.00n/a15
May ’25€23.82
€23.84
+0.1%
6.7%€27.80€21.00n/a15
Apr ’25n/a
€23.53
0%
10.8%€27.80€16.00n/a16
Mar ’25€21.98
€23.53
+7.0%
10.8%€27.80€16.00n/a16
Feb ’25n/a
€24.09
0%
11.0%€27.80€16.00n/a17
Jan ’25n/a
€24.31
0%
11.1%€27.80€16.00n/a17
Dec ’24n/a
€24.25
0%
11.1%€27.80€16.00n/a17
Nov ’24€26.65
€24.25
-9.0%
11.1%€27.80€16.00€23.3617
Oct ’24€25.78
€24.30
-5.7%
11.4%€28.30€16.00€23.6117
Sep ’24€26.90
€24.47
-9.0%
11.9%€28.30€16.00€22.9917
Aug ’24n/a
€24.50
0%
11.9%€28.30€16.00€22.2717
Jul ’24€27.18
€24.16
-11.1%
11.8%€29.60€16.00€20.6617
Jun ’24€26.24
€23.99
-8.6%
12.1%€29.60€16.00€24.7217
May ’24€28.24
€23.93
-15.3%
12.3%€29.60€16.00€23.8216
Apr ’24€27.79
€23.87
-14.1%
12.3%€29.60€16.00n/a16
Mar ’24€26.37
€23.81
-9.7%
12.1%€29.60€16.00€21.9816
Feb ’24€25.97
€23.18
-10.8%
12.3%€29.60€16.00n/a15
Jan ’24€24.47
€23.09
-5.6%
12.5%€29.60€16.00n/a15
Dec ’23€26.88
€22.79
-15.2%
12.2%€29.60€16.00n/a16
Nov ’23€25.77
€22.75
-11.7%
12.2%€29.60€16.00€26.6516

Analyst Forecast: Target price is less than 20% higher than the current share price.

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