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ENGIE SA
(OTC:ENGIY)
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Rating:56Neutral
Price Target:
$32.00
â–²(1.20% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily held back by financial performance concerns—especially the sharp 2025 cash-flow deterioration and elevated leverage—despite improved margins. The latest earnings call is supportive due to upgraded guidance and strong H1 execution, while technicals are neutral and valuation is moderately favorable with a ~5% dividend yield.
Positive Factors
Renewables scale expansion
Material scale in renewables and BESS builds a durable asset base that supports contracted revenue, lowers unit costs over time, and increases optionality for PPAs and co‑siting with data centers. A deep pipeline (>6 GW projects under construction) underpins multi‑year growth and earnings visibility.
Negative Factors
Elevated leverage after UKPN deal
Significantly higher debt from the UKPN acquisition increases refinancing and interest risk, narrows financial flexibility for greenfield investment or buybacks, and exposes the company to rating and covenant pressure if cash flows weaken, making balance‑sheet repair a key medium‑term priority.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewables scale expansion
Material scale in renewables and BESS builds a durable asset base that supports contracted revenue, lowers unit costs over time, and increases optionality for PPAs and co‑siting with data centers. A deep pipeline (>6 GW projects under construction) underpins multi‑year growth and earnings visibility.
Read all positive factors
ENGIE SA (ENGIY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$79.44B
Dividend Yield4.98%
Average Volume (3M)87.76K
Price to Earnings (P/E)16.6
Beta (1Y)-0.13
Revenue Growth1.82%
EPS Growth-14.09%
CountryUS
Employees90,000
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)1.65
Shares Outstanding2,540,925,500
10 Day Avg. Volume235,957
30 Day Avg. Volume87,764
Financial Highlights & Ratios
PEG Ratio-1.27
Price to Book (P/B)1.71
Price to Sales (P/S)0.78
P/FCF Ratio-6.19
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.28
Revenue Forecast (FY)$84.94B
ENGIE SA Business Overview & Revenue Model
Company Description
ENGIE SA engages in the provision of electricity, natural gas, and energy related services. It operates through the following segments: Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others. The Renewables segment is involve...
How the Company Makes Money
ENGIE primarily makes money by selling energy and energy-related services through several main revenue streams: (1) Electricity generation and sales: ENGIE earns revenue from producing electricity and selling it into wholesale markets and under lo...
ENGIE SA Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and strategic picture: ENGIE upgraded full-year guidance, delivered organic EBIT growth (ex-nuclear), expanded renewables scale (~60 GW), accelerated data center and grid initiatives, and realized meaningful performance gains (EUR 304m). These positives offset near-term financial impacts from the sizeable UKPN acquisition (higher reported net debt, elevated CapEx and temporary leverage above the 4x threshold), the continuing nuclear phaseout (EUR 382m EBIT impact) and normalization of crisis-era market tailwinds that reduced capture spreads. Management expects the leverage effects to be temporary, highlights strong cash generation and reiterated disciplined execution and performance programs. On balance, highlights significantly outweigh the lowlights given upgraded guidance, stable recurring income, strong performance contributions and clear execution plans.Positive Updates
Upgraded Full-Year Guidance
Net recurring income group share guidance raised to EUR 4.9 billion–EUR 5.5 billion (from EUR 4.6 billion–EUR 5.2 billion), reflecting confidence in H1 performance and near-term visibility.
Negative Updates
Leverage and Debt Increase
Economic net debt rose by one-third since end-2025 to EUR 60 billion, driven mainly by the EUR 19 billion U.K. Power Networks acquisition. Economic net debt/EBITDA stood at 4.2x (temporarily above the 4x threshold) with management expecting a move back toward ~4x by year-end.
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Q2-2026 Updates
Positive
Negative
Upgraded Full-Year Guidance
Net recurring income group share guidance raised to EUR 4.9 billion–EUR 5.5 billion (from EUR 4.6 billion–EUR 5.2 billion), reflecting confidence in H1 performance and near-term visibility.
Read all positive updates
Company Guidance
ENGIE upgraded its 2026 net recurring income group share guidance to €4.9–5.5bn (from €4.6–5.2bn), citing a strong H1 with net recurring income of €3.0bn and EBIT excl. nuclear of €5.3bn; CFFO was €6.9bn while CapEx reached €22.9bn (including ~€19bn for the UKPN acquisition). Economic net debt rose to ~€60bn (up ~1/3 vs. end‑2025) and economic net debt/EBITDA is 4.2x today, expected to move back near 4x by year‑end. Management expects a lower recurring effective tax rate of 18–22%, limited near‑term merchant exposure (most positions hedged), performance contribution of €304m in H1, and continued asset growth (near 60 GW renewables, 2.4 GW commissioned in H1, ~84 projects >6 GW under construction); data‑center progress includes 47% of the 2030 50 TWh target, 7 GW of PPAs and a 7 GW co‑siting pipeline (4 GW advanced).ENGIE SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.06B | 71.94B | 73.81B | 82.56B | 93.86B | 57.87B |
| Gross Profit | 9.31B | 22.90B | 24.35B | 25.65B | 19.33B | 19.00B |
| EBITDA | 13.96B | 14.41B | 16.14B | 17.44B | 8.79B | 10.42B |
| Net Income | 4.29B | 3.83B | 4.11B | 2.21B | 216.00M | 3.66B |
Balance Sheet | ||||||
| Total Assets | 196.19B | 169.18B | 189.54B | 194.64B | 235.49B | 225.33B |
| Cash, Cash Equivalents and Short-Term Investments | 14.16B | 15.37B | 17.74B | 17.35B | 16.42B | 14.22B |
| Total Debt | 76.09B | 54.54B | 52.01B | 47.29B | 40.59B | 41.05B |
| Total Liabilities | 154.11B | 128.37B | 148.09B | 158.92B | 196.21B | 183.35B |
| Stockholders Equity | 33.52B | 32.94B | 34.56B | 30.06B | 34.25B | 36.99B |
Cash Flow | ||||||
| Free Cash Flow | 787.96M | -9.10B | 3.76B | 5.79B | 2.21B | 1.32B |
| Operating Cash Flow | 8.02B | -2.12B | 13.14B | 13.12B | 8.59B | 7.31B |
| Investing Cash Flow | -20.83B | 143.12M | -11.34B | -11.82B | -4.29B | -11.04B |
| Financing Cash Flow | 11.12B | 158.49M | -1.46B | -218.00M | -2.98B | 4.85B |
ENGIE SA Technical Analysis
Negative
31.62
Price Trends
30.96
Negative
31.27
Negative
28.77
Positive
Market Momentum
-0.11
Negative
47.62
Neutral
60.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENGIY, the sentiment is Negative. The current price of 31.62 is above the 20-day moving average (MA) of 30.80, above the 50-day MA of 30.96, and above the 200-day MA of 28.77, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 60.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $19.23B | 59.66 | 7.74% | 4.33% | 16.38% | 3611.34% | |
64 Neutral | $57.89B | 28.29 | 6.53% | 2.80% | 2.23% | -35.44% | |
63 Neutral | $10.47B | 7.81 | 28.87% | 4.74% | 2.76% | 5.46% | |
59 Neutral | $7.33B | 9.61 | 16.88% | 7.37% | 10.16% | -29.63% | |
56 Neutral | $79.44B | 16.63 | 12.72% | 4.91% | 1.82% | -14.09% |
* Utilities Sector Average
ENGIY
ENGIE SA
30.57
9.11
42.47%
BIP
Brookfield Infrastructure
39.65
10.21
34.66%
CIG
Companhia Energetica Minas Gerais
2.14
0.45
26.55%
SRE
Sempra Energy
84.66
5.79
7.34%
AES
AES
14.70
2.47
20.19%
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.