Engie's first-quarter EBIT decreased by 15% year over year and by 8% excluding nuclear. The group confirmed its full-year guidance, including recurring net income in a EUR 4.6 billion-EUR 5.2 billion range, aligned with our EUR 5.1 billion estimate.
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.
|
Metric
|
ENGI
|
RWE
|
ENEL
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.67 | 22.08 | 55.91 |
Price/Book Value | 1.98 | 1.12 | 3.78 |
Price/Sales | 0.91 | 2.58 | 1.51 |
Price/Cash Flow | 5.94 | 6.39 | 6.70 |
|
Metric
|
ENGI
|
RWE
|
ENEL
|
|---|---|---|---|
Quick Ratio | 0.85 | 1.09 | 0.52 |
Current Ratio | 1.08 | 1.26 | 0.81 |
Interest Coverage | 3.43 | 2.61 | 5.11 |
|
Metric
|
ENGI
|
RWE
|
ENEL
|
|---|---|---|---|
Return on Assets (Normalized) | 2.81% | 3.05% | 3.87% |
Return on Equity (Normalized) | 14.92% | 9.11% | 26.99% |
Return on Invested Capital (Normalized) | 7.27% | 3.99% | 7.39% |
|
1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States