TotalEnergies SE
TotalEnergies SE, an integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Africa, and internationally. It operates through Exploration & Production, Integrated LNG, Integrated…
TotalEnergies SE, an integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Africa, and internationally. It operates through Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services segments. The Exploration & Production segment engages in the activities of exploration and production of oil and natural gas, as well as carbon storage. The Integrated LNG segment is involved in the upstream and midstream LNG activities, as well as biogas and synthetic methane activities, as well as gas trading. The Integrated Power segment engages in the generation, storage, electricity trading, and B2B-B2C distribution of gas and electricity. The Refining & Chemicals segment is involved in the industrial hub activities comprising the activities of refining, petrochemicals and specialty chemicals. This segment also includes the activities of oil supply, trading and marine shipping, as well as hydrogen activities. The Marketing & Services segment engages in the marketing activities in the field of petroleum products, as well as corresponding supply and logistics activities. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in Courbevoie, France.Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF agrees.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Details and the full model are below.
Market price within modeled range
Showing the DCF (trailing free cash flow) you selected on the company card, using 2% growth, 2.5% terminal growth and 9.2% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 2%, discount rate 9.20%, terminal growth 2.50% (sector defaults). See a worked example.
Blended growth assumption: 2.0% (sector default 4.6%, own revenue history -10.0%, analyst revenue consensus -2.4%).
Analyst consensus expects revenue growth of -2.4% a year; the growth assumption used is 2.0%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — EUR 83.71 (+5.8%)
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EPS-based Gordon proxy
— EUR 125.85 (+59.0%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— EUR 124.40 (+57.1%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— EUR 127.33 (+60.9%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— EUR 246.38 (+211.2%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— EUR 124.51 (+57.3%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— EUR 451.17 (+469.9%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear EUR 76.23 | -3.8% |
| Base EUR 124.40 | 36.4% |
| Bull EUR 221.02 | 64.2% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 84 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue -7.6% a year | 4 / 20 |
| Balance sheet | net debt 0.5x EBITDA | 20 / 20 |
| Margins | EBITDA margin 25% | 20 / 20 |
Peers in Energy
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| TTE.PA (this company) | EUR 79.16 | 5.4% | 8.9 | 1.5 | 4.3% | 84 |
| HBR.L Harbour Energy plc | GBP 2.62 | 61.8% | – | 1.4 | 7.9% | 92 |
| FANG Diamondback Energy | USD 179.58 | 36.7% | 24.4 | 1.3 | 2.4% | 100 |
| SHEL.L Shell plc | GBP 36.98 | 32.8% | 8.6 | 1.4 | 3.0% | 84 |
| AKSO.OL Aker Solutions ASA | NOK 35.92 | 22.8% | 6.8 | 1.5 | 9.1% | 75 |
| BP.L BP p.l.c. | GBP 5.54 | 19.2% | – | – | 4.4% | 69 |
| EOG EOG Resources | USD 144.89 | 6.1% | 11.1 | 2.4 | 2.8% | 92 |
| BWLPG.OL BW LPG Limited | NOK 208.40 | -11.2% | 14.0 | 1.9 | 5.9% | 90 |
| ENB.TO Enbridge Inc. | CAD 67.33 | -11.4% | 19.6 | 2.4 | 5.9% | 80 |
| Peer median | 12.6 | 1.5 | ||||
Dividends
Paid in the last 12 months: EUR 3.45 per share · yield 4.36% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.600 |
| 2025 | 4.130 |
| 2024 | 3.060 |
| 2023 | 2.860 |
| 2022 | 3.670 |
| 2021 | 2.640 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:41
| Revenue | EUR 191,820,998,454 |
|---|---|
| EBITDA | EUR 48,200,924,360 |
| EBIT | EUR 35,061,504,067 |
| Net income | EUR 20,056,490,167 |
| Free cash flow | EUR 20,239,433,819 |
| Capital expenditures | EUR 15,643,640,299 |
| Debt | EUR 55,423,750,805 |
| Cash | EUR 33,261,641,421 |
| Working capital | EUR 11,762,071,711 |
| Shares outstanding | 2,257,650,000 |
| Reported dividends per share | EUR 3.3868 |