Europe's Gas Crisis Will Keep Energy Prices High Through 2027
European Union gas storage was at 63% on Aug. 25, 17% below the average of the last five years. This has boosted short-term European gas and power prices.
European Union gas storage was at 63% on Aug. 25, 17% below the average of the last five years. This has boosted short-term European gas and power prices.
Thanks to its diversified assets, Engie is well positioned to benefit from commodity price volatility and geographical spreads.
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.
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Metric
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ENGI
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RWE
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ENEL
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|---|---|---|---|
Price/Earnings (Normalized) | 12.07 | 13.62 | 24.91 |
Price/Book Value | 1.52 | 1.19 | 3.58 |
Price/Sales | 0.85 | 2.83 | 1.31 |
Price/Cash Flow | 5.95 | 6.08 | 5.85 |
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Metric
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ENGI
|
RWE
|
ENEL
|
|---|---|---|---|
Quick Ratio | 0.68 | 0.69 | 0.47 |
Current Ratio | 1.00 | 1.35 | 0.72 |
Interest Coverage | 3.63 | 8.86 | 3.82 |
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Metric
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ENGI
|
RWE
|
ENEL
|
|---|---|---|---|
Return on Assets (Normalized) | 2.71% | 3.81% | 3.87% |
Return on Equity (Normalized) | 13.81% | 11.41% | 28.01% |
Return on Invested Capital (Normalized) | 6.77% | 4.88% | 7.56% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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|---|---|---|---|---|---|---|
| Iberdrola SA
IBDSF
| — | LOCK|Q& | $155B | |||
| Iberdrola SA ADR
IBDRY
| LOCK|C!czWpw | LOCK|#< | $155B | |||
| Enel SpA
ESOCF
| LOCK|z<@T&v | LOCK|RvN | $103B | |||
| Enel SpA ADR
ENLAY
| LOCK|P$#&b%% | LOCK|PML | $103B | |||
| Engie SA ADR
ENGIY
| LOCK|>>!QLg | LOCK|N! | $71B | |||
| Engie SA
ENGQF
| — | LOCK|k&n | $71B | |||
| Sempra
SRE
| LOCK|?N>lrS | LOCK|xpV? | $56B | |||
| RWE AG Class A
RWNFF
| — | LOCK|l&f | $55B | |||
| RWE AG ADR
RWEOY
| LOCK|H@wNP@c | LOCK|vc | $55B | |||
| The AES Corp
AES
| LOCK|vRSzm# | LOCK|Ky | $11B |