Engie Earnings: Good Start to the Year, 2024 Guidance Confirmed
We confirm our EUR 18 fair value estimate after no-moat Engie released good first-quarter results and confirmed its 2024 guidance. Shares appear undervalued.
Engie SA ENGI
Bulls Say, Bears Say
Bulls
Thanks to its diversified assets, Engie is well positioned to benefit from commodity price volatility and geographical spreads.
Bears
French gas infrastructure might become stranded assets in the long run as a result of the energy transition. The allowed returns are unattractive.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ENGI is a good fit for your portfolio.
News
-
Green Transition Set to Face Critical Minerals Shortfall, IEA Says — Commodities Roundup
-
Engie Backs Outlook Despite Dip in Earnings
-
Ohio State Energy Partners Announces Winners of the Smart Campus Challenge
-
City of Oceanside and ENGIE Announce a 30-year Comprehensive Energy Project
-
Orsted to Sell French Onshore Wind and Solar Business to Engie
-
ENGIE sees continued strong growth in renewables in the U.S.
-
Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for Sonoco
-
TotalEnergies Forms Coalition With 7 Companies to Support E-Natural Gas Development
Trading Information
- Previous Close Price
- €15.78
- Day Range
- €15.38–15.83
- 52-Week Range
- €13.61–16.64
- Bid/Ask
- €15.59 / €15.78
- Market Cap
- €38.26 Bil
- Volume/Avg
- 6.5 Mil / 5.5 Mil
Key Statistics
- Price/Earnings (Normalized)
- 2.57
- Price/Sales
- 0.46
- Dividend Yield (Trailing)
- 9.06%
- Dividend Yield (Forward)
- 9.06%
- Total Yield
- 9.06%
Company Profile
Engie is a global energy firm formed by the 2008 merger of Gaz de France and Suez and the acquisition of International Power in 2012. It changed its name to Engie from GDF Suez in 2015. The company operates Europe's largest gas pipeline network in France and a global fleet of conventional and renewable power plants with 64 gigawatts of capacity on a consolidated basis. Engie also operates a diverse suite of other energy businesses.
- Sector
- Utilities
- Industry
- Utilities - Diversified
- Stock Style Box
- Large Value
- Total Number of Employees
- 97,000
- Website
- https://www.engie.com
Competitors
Valuation
|
Metric
|
ENGI
|
ENEL
|
IBE
|
|---|---|---|---|
Price/Earnings (Normalized) | 2.57 | 11.01 | 13.24 |
Price/Book Value | 1.27 | 2.18 | 1.45 |
Price/Sales | 0.46 | 0.79 | 1.70 |
Price/Cash Flow | 3.29 | 4.79 | 7.76 |
Price/Earnings
ENGI
ENEL
IBE
Financial Strength
|
Metric
|
ENGI
|
ENEL
|
IBE
|
|---|---|---|---|
Quick Ratio | 0.76 | 0.64 | 0.60 |
Current Ratio | 0.99 | 0.89 | 0.77 |
Interest Coverage | 2.31 | 4.77 | 4.98 |
Quick Ratio
ENGI
ENEL
IBE
Profitability
|
Metric
|
ENGI
|
ENEL
|
IBE
|
|---|---|---|---|
Return on Assets (Normalized) | 2.61% | 3.34% | 4.79% |
Return on Equity (Normalized) | 17.34% | 27.85% | 14.40% |
Return on Invested Capital (Normalized) | 8.47% | 7.21% | 7.51% |
Return on Assets
ENGI
ENEL
IBE
Utilities - Diversified Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
IBDSF
| Iberdrola SA | — | Ncyp | $84.7 Bil | |
IBDRY
| Iberdrola SA ADR | NWD | Xctcr | $84.7 Bil | |
ESOCF
| Enel SpA | Rqfctyxr | Hwqk | $75.4 Bil | |
ENLAY
| Enel SpA ADR | Lxvctdm | Xlzr | $75.4 Bil | |
SRE
| Sempra | Pyjsxxvnt | Yhclrb | $49.2 Bil | |
ENGIY
| Engie SA ADR | — | Ksnyk | $41.6 Bil | |
ENGQF
| Engie SA | — | Xqtpt | $41.6 Bil | |
EONGY
| E.ON SE ADR | Kzssspzq | Yrrwg | $38.1 Bil | |
ENAKF
| E.ON SE | — | Klky | $37.4 Bil | |
AES
| The AES Corp | Jwjnpsfn | Gfs | $14.4 Bil |