Engie (ENGIY)
OTHER OTC:ENGIY
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ENGIE SA
(OTC:ENGIY)
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Rating:59Neutral
Price Target:
$36.00
▲(42.29% Upside)
Action:ReiteratedDate:03/02/26
The score is held back primarily by weaker financial quality—especially the 2025 swing to negative operating and free cash flow and elevated leverage. Offsetting positives include supportive earnings-call guidance and strategy (regulated-growth via UKPN, medium-term EBIT growth targets, dividend commitment) plus constructive technical trend and a solid dividend yield, though overbought indicators and a mid-range P/E limit upside.
Positive Factors
Renewables capacity additions
Sustained additions to wind, solar and BESS increase recurring cash flows via long-term contracts and PPAs, deepen technical expertise, and expand generation scale. Over multi-year horizons this strengthens ENGIE's renewable earnings base and reduces exposure to commodity-driven volatility.
Negative Factors
Multi-year revenue decline
Sustained revenue contraction reduces scale benefits and weakens the company's ability to absorb fixed costs, pressuring margins and free cash flow. Over 2–6 months this trend constrains reinvestment capacity and makes execution of growth plans and dividend sustainability more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewables capacity additions
Sustained additions to wind, solar and BESS increase recurring cash flows via long-term contracts and PPAs, deepen technical expertise, and expand generation scale. Over multi-year horizons this strengthens ENGIE's renewable earnings base and reduces exposure to commodity-driven volatility.
Read all positive factors
ENGIE SA (ENGIY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$86.37B
Dividend Yield6.37%
Average Volume (3M)97.52K
Price to Earnings (P/E)15.3
Beta (1Y)-0.07
Revenue Growth2.35%
EPS Growth2.25%
CountryUS
Employees97,000
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.63
Shares Outstanding2,542,428,000
10 Day Avg. Volume270,301
30 Day Avg. Volume97,518
Financial Highlights & Ratios
PEG Ratio-1.27
Price to Book (P/B)1.71
Price to Sales (P/S)0.81
P/FCF Ratio-6.19
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue1.62
Enterprise Value/Gross Profit7.18
Enterprise Value/Ebitda8.44
Forecast
1Y Price Target
$28.58Price Target Upside12.96% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.22
Revenue Forecast (FY)$84.32B
ENGIE SA Business Overview & Revenue Model
Company Description
ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation act...
How the Company Makes Money
ENGIE generates revenue through multiple streams, primarily from electricity generation, natural gas distribution, and energy services. The company earns significant income from its renewable energy projects, which include wind, solar, and hydropo...
ENGIE SA Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive strategic and financial picture: strong cash generation, record renewables additions, a major strategic acquisition (UK Power Networks) that materially increases predictable regulated earnings, and a sizable performance program that improved profitability. Offsetting items include a decline in net recurring income versus 2024 driven by market normalization, weather/volume headwinds in renewables, FX and scope headwinds, Belgian nuclear provisioning uncertainty, and near-term financing and integration requirements related to the UKPN acquisition. Management outlined concrete funding and disposal plans and reiterated dividend and credit-rating commitments, supporting confidence in the medium-term outlook.Positive Updates
Strong cash generation and balance-sheet resilience
Cash flow from operations of EUR 13.6 billion in 2025 (up EUR 0.6 billion YoY) and EUR 40 billion generated over the last 3 years; economic net debt decreased by EUR 2.7 billion and economic net debt-to-EBITDA at 3.1x (below the 4.0x threshold). Net financial debt-to-EBITDA at 2.6x. Substantial free cash flow from networks and downstream activities.
Negative Updates
Decline in net recurring income
Net recurring income, group share declined to EUR 4.9 billion in 2025 from EUR 5.5 billion in 2024 (≈ -10.9% YoY), reflecting market normalization and other headwinds despite being at the top end of guidance.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong cash generation and balance-sheet resilience
Cash flow from operations of EUR 13.6 billion in 2025 (up EUR 0.6 billion YoY) and EUR 40 billion generated over the last 3 years; economic net debt decreased by EUR 2.7 billion and economic net debt-to-EBITDA at 3.1x (below the 4.0x threshold). Net financial debt-to-EBITDA at 2.6x. Substantial free cash flow from networks and downstream activities.
Read all positive updates
Company Guidance
ENGIE reiterated a confident medium‑term outlook: EBIT excluding nuclear is targeted to grow at ~7% CAGR from EUR 8.8bn in 2025 to EUR 10.3–11.3bn in 2028 (with 2026 guidance EUR 8.7–9.7bn), net recurring income is seen at EUR 4.6–5.2bn in 2026 and EUR 5.2–5.8bn in 2028, and the Board will propose a EUR 1.35/share dividend (EUR 1.35 = 67% payout on current shares) within an unchanged 65–75% payout policy; the group plans EUR 34–38bn CapEx for 2026–28 (vs ~EUR 31bn prior plan), funded by expected CFFO of EUR 37–41bn, a EUR 6bn disposal program (EUR 4bn tied to the UKPN deal), up to EUR 3bn equity via accelerated bookbuild, and ~EUR 5bn of new debt/hybrid issuance, while retaining an economic net debt/EBITDA ceiling of 4x (3.1x at end‑2025, may exceed 4x in 2026 then fall below in 2027); performance savings are expected to contribute EUR 0.8–1.0bn over 2026–28, renewables & BESS EBIT is guided to EUR 2.8–3.2bn by 2028, power networks EBIT to EUR 1.6–1.8bn, group capital employed to rise from ~EUR 69bn (end‑2025) to ~EUR 100bn in 2028 with networks capital employed ~EUR 45bn, recurring net financial costs rising to ~EUR 2.4bn in 2026 and EUR 2.6–2.9bn in 2028, and a lower recurring effective tax rate targeted at 20–23% (vs 25.5% in 2025); the UK Power Networks acquisition (EV GBP 15.8bn, ~1.5x Mar‑26 RAV, RAV to GBP 10.5bn by Mar‑28, UKPN CFFO GBP 1.4bn, CapEx GBP 1.3bn, ~GBP 0.8bn EBIT y/e Mar‑26) is assumed consolidated from 1 July and expected to be earnings‑accretive from year one.ENGIE SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.10B | 73.81B | 82.56B | 93.86B | 57.87B |
| Gross Profit | 8.51B | 24.35B | 25.65B | 19.33B | 19.00B |
| EBITDA | 13.34B | 16.14B | 17.44B | 8.79B | 10.42B |
| Net Income | 3.68B | 4.11B | 2.21B | 216.00M | 3.66B |
Balance Sheet | |||||
| Total Assets | 169.18B | 189.54B | 194.64B | 235.49B | 225.33B |
| Cash, Cash Equivalents and Short-Term Investments | 17.08B | 17.74B | 17.35B | 16.42B | 14.22B |
| Total Debt | 54.54B | 52.01B | 47.29B | 40.59B | 41.05B |
| Total Liabilities | 128.37B | 148.09B | 158.92B | 196.21B | 183.35B |
| Stockholders Equity | 32.94B | 34.56B | 30.06B | 34.25B | 36.99B |
Cash Flow | |||||
| Free Cash Flow | -9.10B | 3.76B | 5.79B | 2.21B | 1.32B |
| Operating Cash Flow | -2.12B | 13.14B | 13.12B | 8.59B | 7.31B |
| Investing Cash Flow | 143.12M | -11.34B | -11.82B | -4.29B | -11.04B |
| Financing Cash Flow | 158.49M | -1.46B | -218.00M | -2.98B | 4.85B |
ENGIE SA Technical Analysis
Positive
25.30
Price Trends
31.82
Positive
29.18
Positive
25.78
Positive
Market Momentum
0.76
Negative
65.63
Neutral
91.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENGIY, the sentiment is Positive. The current price of 25.3 is below the 20-day moving average (MA) of 32.43, below the 50-day MA of 31.82, and below the 200-day MA of 25.78, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 65.63 is Neutral, neither overbought nor oversold. The STOCH value of 91.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENGIY.
ENGIE SA Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $9.03B | 6.53 | 17.23% | 12.98% | -0.38% | -53.94% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $62.87B | 31.37 | 5.82% | 2.91% | 9.07% | -28.58% | |
59 Neutral | $86.37B | 15.31 | 7.41% | 6.37% | 2.35% | 2.25% | |
59 Neutral | $16.96B | 35.60 | 9.74% | 4.92% | 8.14% | ― | |
55 Neutral | $10.27B | 10.76 | 20.40% | 5.06% | -1.55% | 12.83% |
* Utilities Sector Average
ENGIY
ENGIE SA
33.99
13.94
69.54%
BIP
Brookfield Infrastructure
37.23
10.09
37.20%
CIG
Companhia Energetica Minas Gerais
2.69
1.21
81.76%
SRE
Sempra Energy
96.16
27.85
40.78%
AES
AES
14.40
4.98
52.85%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.