Engie SA ENGI

Morningstar Rating
€22.78 +0.26 (1.15%)
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Company Report

UKPN Deal Has Improved Engie's Business Mix

Engie is the third-largest European utility after Enel and Iberdrola. Historically a gas utility, Engie lacked exposure to electricity networks that are growing fast now due to high investments needed to accommodate renewables expansion. It reduced its shortfall with the GBP 15.9 billion acquisition of UK leading electricity distribution networks company UKPN announced in February 2026. Electricity networks should contribute to around 15% of the group's EBIT by 2028 versus 8% in 2024. Gas networks' EBIT contribution will remain dominant at around 25% of the 2028 EBIT.

Price vs Fair Value

ENGI is trading at a LOCK|?@gdBQ premium.
Price
€22.78
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Thanks to its diversified assets, Engie is well positioned to benefit from commodity price volatility and geographical spreads.

Bears

Even with UKPN, Engie's exposure to electricity networks remains limited, justifying a valuation discount. The French gas infrastructure might become stranded assets in the long run as a result of the energy transition.

News

Trading Information

Previous Close Price
€22.52
Day Range
€22.39–22.87
52-Week Range
€17.79–29.89
Bid/Ask
€22.70 / €22.86
Shares Outstanding
2.54B
Market Cap
€57.88B
Volume/Avg
5M / 4M

Key Statistics

Price/Earnings (Normalized)
11.30
Price/Sales
0.79
Dividend Yield (Trailing)
5.93%
Dividend Yield (Forward)
5.93%
Dividend Payment Schedule
May
Total Yield
5.93%

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 73 GW 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
90,000

Competitors

Valuation

Metric
ENGI
IBE
RWE
Price/Earnings (Normalized)
11.3024.0813.20
Price/Book Value
1.422.311.15
Price/Sales
0.793.272.74
Price/Cash Flow
5.5811.255.89
Price/Earnings
ENGI
IBE
RWE

Financial Strength

Metric
ENGI
IBE
RWE
Quick Ratio
0.680.620.69
Current Ratio
1.000.751.35
Interest Coverage
3.634.548.86
Quick Ratio
ENGI
IBE
RWE

Profitability

Metric
ENGI
IBE
RWE
Return on Assets (Normalized)
2.71%4.15%3.81%
Return on Equity (Normalized)
13.81%11.96%11.41%
Return on Invested Capital (Normalized)
6.77%6.96%4.88%
Return on Assets
ENGI
IBE
RWE

Utilities - Diversified Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Iberdrola SA
IBDSF
—LOCK|t@$156B
Iberdrola SA ADR
IBDRY
LOCK|zBkg>>KLOCK|Z^^$156B
Enel SpA
ESOCF
LOCK|jxYXR^LOCK|r?$98B
Enel SpA ADR
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LOCK|#Ffg!CLOCK|CV$98B
Engie SA ADR
ENGIY
LOCK|CN#BnVVLOCK|%cv$65B
Engie SA
ENGQF
—LOCK|!JT$65B
RWE AG Class A
RWNFF
—LOCK|^&$52B
RWE AG ADR
RWEOY
LOCK|f>$K@$LOCK|#V!$52B
Sempra
SRE
LOCK|FzlC##LOCK|^WLJ$51B
The AES Corp
AES
LOCK|&j<y%$vLOCK|!>$11B

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