Enagas SA (ES:ENG)
BME:ENG
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Enagas SA
(BME:ENG)
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Rating:55Neutral
Price Target:
€17.50
▲(6.58% Upside)
Action:ReiteratedDate:03/28/26
Overall score is held back primarily by weakened 2025 cash flow/free cash flow and a very high P/E ratio. Offsetting factors include a stable regulated revenue base, improving leverage, and a constructive price trend above key moving averages, supported by a ~5.39% dividend yield.
Positive Factors
Regulated revenue base
Enagás’s core cash flows come from regulated transmission, regasification and storage fees tied to asset availability and regulatory allowed returns. That model produces predictable, contract-like revenue streams and low commodity exposure, supporting durable cash flow visibility over months.
Negative Factors
Weakened cash generation
Free cash flow fell sharply in 2025 versus prior years, reducing internal funding for dividends, debt repayment, and capex. If the cash conversion weakness persists, it will constrain financial flexibility, elevate refinancing or payout risk, and limit ability to self-fund regulated asset investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated revenue base
Enagás’s core cash flows come from regulated transmission, regasification and storage fees tied to asset availability and regulatory allowed returns. That model produces predictable, contract-like revenue streams and low commodity exposure, supporting durable cash flow visibility over months.
Read all positive factors
Enagas SA (ENG) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€4.43B
Dividend Yield7.01%
Average Volume (3M)810.20K
Price to Earnings (P/E)19.6
Beta (1Y)0.20
Revenue Growth9.22%
EPS GrowthN/A
CountryES
Employees1,395
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.23
Shares Outstanding261,990,080
10 Day Avg. Volume743,396
30 Day Avg. Volume810,196
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)1.50
Price to Sales (P/S)3.65
P/FCF Ratio36.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€16.08Price Target Upside-2.10% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.9
Revenue Forecast (FY)€803.88M
Enagas SA Business Overview & Revenue Model
Company Description
Enagás, S.A. develops, operates, and maintains gas infrastructures in Spain and internationally. It operates through Gas Transmission, Regasification, and Storage of Gas segments. The company provides gas transmission services through primary and ...
How the Company Makes Money
Enagás primarily makes money by providing regulated gas infrastructure services in Spain, where it earns revenue for operating and maintaining essential midstream assets. Its core revenue stream is regulated remuneration associated with the availa...
Enagas SA Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
62
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 467.99M | 949.10M | 905.55M | 907.57M | 957.10M | 975.69M |
| Gross Profit | 467.99M | 208.90M | 846.18M | 851.63M | 905.45M | 926.63M |
| EBITDA | 382.75M | 520.40M | 94.27M | 810.84M | 885.63M | 859.11M |
| Net Income | 167.74M | 267.50M | -299.31M | 342.53M | 375.77M | 403.83M |
Balance Sheet | ||||||
| Total Assets | 6.70B | 6.82B | 7.50B | 8.51B | 9.40B | 9.87B |
| Cash, Cash Equivalents and Short-Term Investments | 573.30M | 745.00M | 1.42B | 857.55M | 1.39B | 1.46B |
| Total Debt | 2.65B | 2.82B | 3.31B | 3.81B | 4.43B | 5.26B |
| Total Liabilities | 4.46B | 4.51B | 5.10B | 5.51B | 6.18B | 6.77B |
| Stockholders Equity | 2.22B | 2.30B | 2.38B | 2.98B | 3.20B | 3.09B |
Cash Flow | ||||||
| Free Cash Flow | 17.99M | 94.42M | 357.10M | 411.87M | 635.25M | 510.08M |
| Operating Cash Flow | 48.66M | 212.54M | 454.99M | 568.84M | 726.03M | 579.93M |
| Investing Cash Flow | 72.03M | 88.78M | 930.98M | -81.83M | 669.84M | 100.58M |
| Financing Cash Flow | -68.97M | -816.60M | -962.57M | -990.16M | -1.52B | -102.95M |
Enagas SA Technical Analysis
Positive
16.42
Price Trends
15.45
Positive
14.52
Positive
13.85
Positive
Market Momentum
0.52
Positive
53.51
Neutral
24.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ENG, the sentiment is Positive. The current price of 16.42 is above the 20-day moving average (MA) of 16.35, above the 50-day MA of 15.45, and above the 200-day MA of 13.85, indicating a bullish trend. The MACD of 0.52 indicates Positive momentum. The RSI at 53.51 is Neutral, neither overbought nor oversold. The STOCH value of 24.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ENG.
Enagas SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €26.26B | 12.42 | 24.33% | 6.66% | 0.98% | 9.89% | |
66 Neutral | €40.05B | 14.75 | 25.60% | 4.32% | 0.46% | 17.60% | |
64 Neutral | €22.86B | 9.83 | 7.85% | 6.18% | -3.96% | 15.40% | |
62 Neutral | €133.09B | 31.54 | 12.54% | 2.92% | 1.80% | 9.80% | |
62 Neutral | €8.04B | 16.24 | 8.88% | 4.27% | 4.10% | 37.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €4.43B | 19.58 | 11.42% | 7.01% | 9.22% | ― |
* General Sector Average
ES:ENG
Enagas SA
16.95
4.31
34.07%
ES:ELE
Endesa SA
38.45
13.50
54.13%
ES:NTGY
Naturgy Energy Group, S.A.
27.34
2.57
10.38%
ES:IBE
Iberdrola
19.93
4.82
31.88%
ES:RED
Redeia Corporación
14.91
-3.66
-19.69%
ES:REP
Repsol
20.89
10.72
105.33%
Enagas SA Corporate Events
Enagás Calls 2026 Shareholders’ Meeting, Seeks Expanded Debt Issuance Powers
Feb 19, 2026
Enagás has convened its Ordinary General Shareholders’ Meeting for 25–26 March 2026 in Madrid, where investors will be asked to approve the 2025 annual and consolidated accounts, the non‑financial and sustainability report, ...
Enagás Sets Date to Unveil 2025 Results and 2026 Targets
Feb 5, 2026
Enagás SA, the Spanish gas infrastructure operator, will publish its full-year 2025 financial results and set out its 2026 targets on 17 February 2026, before the market opens, providing investors and analysts with updated visibility on its p...
Enagás Sets Date to Present 2025 Results and 2026 Targets
Feb 4, 2026
Enagás SA has scheduled the publication of its 2025 annual results and guidance for 2026 for Tuesday, 17 February 2026, before the market opens. On the same day, at 08:30, Chief Executive Officer Arturo Gonzalo will present the figures and ou...
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.