TotalEnergies SE (FR:TTE)
:TTE
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TotalEnergies SE
(TTE)
Select Model
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Rating:73Outperform
Price Target:
€81.00
▲(6.58% Upside)
Action:ReiteratedDate:03/14/26
The score is driven primarily by solid underlying financial performance (though cyclical and with declining post-2022 free cash flow) and strong technical momentum (uptrend with positive MACD, but an elevated RSI signals some near-term overheating). Valuation adds support via a low P/E and a high dividend yield.
Positive Factors
Integrated, diversified energy platform
TotalEnergies’ multi-segment business (Upstream, LNG, Downstream, Marketing, Integrated Power) creates multiple durable cash streams and internal optimization opportunities. This diversification smooths commodity swings, supports trading/optimization margins, and underpins long-term funding for transition investments.
Negative Factors
Declining free cash flow momentum
A multi-year drop in free cash flow reduces internal funding for capex, dividends and low-carbon investment, forcing greater reliance on external financing or asset sales during weaker commodity periods. Persistent weaker cash conversion increases long-term funding and allocation risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated, diversified energy platform
TotalEnergies’ multi-segment business (Upstream, LNG, Downstream, Marketing, Integrated Power) creates multiple durable cash streams and internal optimization opportunities. This diversification smooths commodity swings, supports trading/optimization margins, and underpins long-term funding for transition investments.
Read all positive factors
TotalEnergies SE (TTE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€162.56B
Dividend Yield5.87%
Average Volume (3M)4.61M
Price to Earnings (P/E)10.7
Beta (1Y)0.42
Revenue Growth-11.20%
EPS Growth-13.26%
CountryFR
Employees95,393
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)1.50
Shares Outstanding2,188,400,400
10 Day Avg. Volume4,152,678
30 Day Avg. Volume4,611,156
Financial Highlights & Ratios
PEG Ratio-1.08
Price to Book (P/B)1.28
Price to Sales (P/S)0.77
P/FCF Ratio13.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€72.73Price Target Upside-4.30% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering19
EPS Forecast (FY)7.71
Revenue Forecast (FY)€176.76B
TotalEnergies SE Business Overview & Revenue Model
Company Description
TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas,...
How the Company Makes Money
TotalEnergies primarily makes money by producing, transforming, trading, and selling energy and related products across multiple business segments. (1) Upstream (Exploration & Production): It generates revenue from selling crude oil, natural gas, ...
TotalEnergies SE Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
TotalEnergies demonstrated resilience and strategic growth amid a challenging price environment. Despite lower oil prices, the company delivered strong cash flow and upstream production growth. Refining margins improved significantly, and shareholder returns were enhanced. However, challenges remain in the French tax landscape and the LNG trading environment.Positive Updates
Increased Cash Flow Amid Challenging Environment
Despite a significant drop in oil prices, the cash flow for the third quarter increased by 4%. New high-margin barrels contributed an additional $400 million year-on-year.
Negative Updates
Challenges in French Tax Environment
Ongoing political debates in France regarding potential tax increases, including on share buybacks, creating uncertainty and weighing on the company's share price.
Read all updates
Q3-2025 Updates
Positive
Negative
Increased Cash Flow Amid Challenging Environment
Despite a significant drop in oil prices, the cash flow for the third quarter increased by 4%. New high-margin barrels contributed an additional $400 million year-on-year.
Read all positive updates
Company Guidance
During the TotalEnergies Third Quarter 2025 Results Conference Call, the company provided guidance on several key metrics, illustrating a strong performance despite a challenging environment. The cash flow for the third quarter increased by 4% year-on-year, even though oil pricing dropped by over $10 per barrel. The company achieved a production growth of more than 4%, adding 170,000 barrels per day, which contributed an additional $400 million in cash flow year-on-year. Downstream operations showed resilience with cash flow up by almost $500 million. The company also reduced net investments by $3.5 billion quarter-over-quarter and released $1.3 billion in working capital, improving their gearing to 17% from nearly 18%. Looking forward, TotalEnergies anticipates maintaining a strong momentum into the fourth quarter with upstream production expected to grow more than 4% year-on-year, and net investments are projected to decrease further. The company also announced a share buyback of up to $1.5 billion for the fourth quarter and expects a 2025 payout ratio around 56%, supported by improved refining margins.TotalEnergies SE Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 189.78B | 195.61B | 218.94B | 263.31B | 184.63B |
| Gross Profit | 21.81B | 55.53B | 62.37B | 81.21B | 52.01B |
| EBITDA | 35.67B | 42.28B | 50.78B | 59.04B | 42.07B |
| Net Income | 13.66B | 15.76B | 21.38B | 20.53B | 16.03B |
Balance Sheet | |||||
| Total Assets | 291.09B | 285.49B | 283.65B | 303.86B | 293.46B |
| Cash, Cash Equivalents and Short-Term Investments | 29.54B | 30.55B | 33.43B | 41.77B | 33.66B |
| Total Debt | 61.04B | 51.24B | 47.87B | 61.25B | 64.55B |
| Total Liabilities | 173.55B | 165.23B | 164.20B | 189.29B | 178.46B |
| Stockholders Equity | 114.90B | 117.86B | 116.75B | 111.72B | 111.74B |
Cash Flow | |||||
| Free Cash Flow | 10.81B | 15.95B | 22.96B | 31.68B | 18.07B |
| Operating Cash Flow | 28.46B | 30.85B | 40.68B | 47.37B | 30.41B |
| Investing Cash Flow | -18.57B | -17.33B | -16.45B | -15.12B | -13.66B |
| Financing Cash Flow | -10.64B | -14.43B | -29.73B | -19.27B | -25.50B |
TotalEnergies SE Technical Analysis
Positive
76.00
Price Trends
64.90
Positive
59.83
Positive
55.54
Positive
Market Momentum
3.37
Negative
72.42
Negative
81.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TTE, the sentiment is Positive. The current price of 76 is above the 20-day moving average (MA) of 70.61, above the 50-day MA of 64.90, and above the 200-day MA of 55.54, indicating a bullish trend. The MACD of 3.37 indicates Negative momentum. The RSI at 72.42 is Negative, neither overbought nor oversold. The STOCH value of 81.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:TTE.
TotalEnergies SE Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | €7.36B | 14.03 | 77.67% | 4.99% | 35.00% | 24.05% | |
76 Outperform | €2.03B | 3.06 | 34.90% | 6.70% | -14.28% | -9.30% | |
73 Outperform | €162.56B | 10.74 | 12.75% | 5.87% | -11.20% | -13.26% | |
69 Neutral | €6.02B | 15.94 | ― | 2.64% | 17.19% | 11.76% | |
67 Neutral | €981.00M | 11.20 | 4.13% | 47.20% | -8.54% | 47.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
FR:TTE
TotalEnergies SE
77.21
21.36
38.26%
FR:GTT
Gaztransport et technigaz
201.80
61.91
44.26%
FR:MAU
Etablissements Maurel & Prom
10.26
4.94
92.82%
FR:EC
Totalenergies EP Gabon
222.00
64.20
40.68%
FR:TE
Technip Energies NV
34.10
3.62
11.88%
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.