ENGI.PA

Engie SA

Engie SA engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally. The Renewables & Flex Power segment comprises renewable energy generation activities, including financing, co… Engie SA engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally. The Renewables & Flex Power segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, geothermal, and battery storage. It also offers flexible thermal generation and electricity, pumping, and battery storage facilities; solutions for decarbonizing industry with low-carbon hydrogen; and operation of desalination plants. The Networks segment comprises the gas and power infrastructure activities, including the management and development of gas and electricity transportation networks and natural gas distribution networks in and outside of Europe, natural gas underground storage, and regasification infrastructure. The Local Energy Infrastructures provides the construction and management of decentralized energy networks, including heating and cooling networks, distributed power generation plants, distributed solar power parks, low-carbon mobility, low-carbon cities and public lighting, energy efficiency, technical maintenance, and sustainable development consulting. The Supply & Energy Management segment optimizes the Group's energy assets, manages market and portfolio risks, and supplies natural gas, green and low-carbon gas, and electricity to residential, business, industrial customers, develops green energy contracts, and digital consumption management. The Other segment manages nuclear power production and holds drawing rights, focusing on operational management, safety, and decommissioning. It offers renewable electricity, green gas, energy management. The company was formerly known as GDF SUEZ S.A. and changed its name to Engie SA in April 2015. Engie SA was founded in 1880 and is based in La Garenne-Colombes, France.
Market price
EUR 24.08
Undervalued by 104.0%
Base value (EV/EBITDA (12x)) is 104.0% above the market price
Data: Price updated 06 Nov 2026 18:22; FY2025, period ended 31 Dec 2025 from EODHD (downloaded 9 min ago). Last earnings: 05 Nov 2026
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Verdict

Looks undervalued

PriceEUR 24.08
Fair value range38.36–59.89base 49.12
Estimate reliabilityLow
5-year outlook–

5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.

Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.

EV/EBITDA (12x)

Market price below modeled range

Showing the EV/EBITDA (12x) you selected on the company card, using 3% growth, 2.2% terminal growth and 8.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 3% (limited from 3.96% because the latest annual revenue declined), discount rate 8.60%, terminal growth 2.20%. See a worked example.

Blended growth assumption: 4.0% (sector default 4.0%, own revenue history 5.6%, analyst revenue consensus 3.1%).

Analyst consensus expects revenue growth of 3.1% a year; the growth assumption used is 3.0%.

Adjust assumptions

Show the recommended model instead

Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Compare models
  • Recommended: Dividend discount model — EUR 28.54 (+18.5%)
  • EPS-based Gordon proxy — EUR 24.11 (+0.1%)
    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.
  • DCF (trailing free cash flow) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • FCFF (steady state) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/EBITDA (12x) — EUR 49.12 (+104.0%)
    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.
  • Fade DCF (10-year growth fade) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/Sales (Rule of 40) — EUR 109.22 (+353.6%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share EUR 38.36–59.89
Base scenario / share EUR 49.12
Margin of safety (share of value) Cheap even in the bear case
Bear EUR 38.3637.2%
Base EUR 49.1251.0%
Bull EUR 59.8959.8%

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

3 months price change: -8.93% · EUR 24.08 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (EUR 49.12). The fair value is today’s estimate, not what the model said in the past.

Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:14 (23 minutes ago).

10 Aug 2026Range EUR 22.52 – 26.4406 Nov 2026

Latest news

Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.

More detail: quality, peers, price history, dividends and financials

Quality score: 76 / 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.

Profitability5 of 5 years profitable20 / 20
Cash generationfree cash flow positive in 4 of 5 years16 / 20
Growthrevenue +5.6% a year20 / 20
Balance sheetnet debt 2.9x EBITDA10 / 20
MarginsEBITDA margin 19%10 / 20

Peers in Utilities

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
ENGI.PA (this company) EUR 24.08 15.6% 15.9 1.9 7.4% 76
ED Consolidated Edison USD 121.44 29.8% 20.3 1.7 2.7% 78
FORTUM.HE Fortum Oyj EUR 23.28 -4.1% 25.9 2.6 6.0% 72
D Dominion Energy USD 69.64 -5.5% 22.7 2.1 3.8% 76
CMS CMS Energy USD 70.68 -6.5% 25.4 2.3 3.2% 64
CNA.L Centrica plc GBP 1.51 -6.6% – 2.3 3.3% 92
NTGY.MC Naturgy Energy Group, S.A. EUR 29.54 -10.6% 14.2 3.1 5.9% 70
EIX Edison International USD 60.88 -11.3% 6.4 1.3 5.6% 52
NEE NextEra Energy USD 88.25 -16.2% 15.9 3.0 2.7% 72
Peer median 20.3 2.3

Dividends

Paid in the last 12 months: EUR 1.35 per share · yield 5.61% at the current price.

YearDividends per share
2026 (so far)1.350
20251.480
20241.430
20231.400
20220.850
20210.530
Sector Utilities
Exchange Euronext Paris
Currency EUR

Annual financial statement

Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025

RevenueEUR 71,944,000,000
EBITDAEUR 13,642,000,000
EBITEUR 8,491,000,000
Net incomeEUR 3,827,000,000
Free cash flowEUR -9,471,000,000
Capital expendituresEUR 7,267,000,000
DebtEUR 54,568,000,000
CashEUR 15,365,000,000
Working capitalEUR 4,564,000,000
Shares outstanding2,534,437,000
Reported dividends per shareEUR 1.7870