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Totalenergies Se (TTE)
:TTE
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TotalEnergies
(NYSE:TTE)
Rating:78Outperform
Price Target:
$68.00
â–²(7.12%Upside)
Positive Factors
Dividend Yield
2026 could represent a near-term cash generation trough for a company with a sound strategy and strong growth prospects in addition to a 6% dividend yield with limited risk.
Financial Strategy
TTE sees current market conditions as supportive of its current financial framework.
Negative Factors
Buyback Reduction
There is potential for buybacks to be cut in half next year if oil stays at current levels.
Challenging Financial Environment
Earnings reductions in all segments indicate a challenging financial environment for the company.
Leverage Increase
TTE's leverage is expected to climb, potentially reaching 16% by the end of 2025.
TotalEnergies (TTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$133.55B
Dividend Yield5.24%
Average Volume (3M)1.68M
Price to Earnings (P/E)10.4
Beta (1Y)0.28
Revenue Growth-9.86%
EPS Growth-32.59%
CountryUS
Employees95,393
SectorEnergy
Sector Strength67
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)1.83
Shares Outstanding2,281,206,300
10 Day Avg. Volume2,194,650
30 Day Avg. Volume1,679,021
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.42
Price to Sales (P/S)0.00
P/FCF Ratio5.01
Enterprise Value/Market Cap1.40
Enterprise Value/Revenue0.23
Enterprise Value/Gross Profit5.88
Enterprise Value/Ebitda1.08
Forecast
1Y Price Target
$63.45Price Target Upside-0.05% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
TotalEnergies Business Overview & Revenue Model
Company DescriptionTotalEnergies 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, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services. The Exploration & Production segment is involved in the oil and natural gas exploration and production activities. The Refining & Chemicals segment engages in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene, and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment is also involved in trading and shipping crude oil and petroleum products. The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG, and bitumen; and provides fuel payment solutions. It operates approximately 16,000 service stations and 25,000 EV charge points. As of December 31, 2021, the company had 12,062 Mboe of combined proved reserves of oil and gas. TotalEnergies SE has strategic partnerships with PureCycle Technologies, Plastic Energy, Freepoint Eco-Systems, and Plastic Omnium for various development projects. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in Courbevoie, France.
How the Company Makes MoneyTotalEnergies makes money through several key revenue streams. The primary source of revenue comes from the exploration and production of oil and natural gas, which involves extracting raw materials from reserves and selling them to refineries and other buyers. The company also profits from refining crude oil into various petroleum products, which are then distributed and sold through retail networks and to industrial clients. Additionally, TotalEnergies generates income from its growing portfolio in the renewable energy sector, including solar, wind, and bioenergy, as well as from its electricity trading and supply operations. Strategic partnerships and joint ventures with other energy companies and technology firms further enhance its revenue potential by expanding its reach and capabilities in both traditional and renewable energy markets.
TotalEnergies Key Performance Indicators (KPIs)
Any
Petroleum Sales by Region
Shows where petroleum products are being sold globally, indicating regional demand trends and potential exposure to geopolitical or economic shifts.
Shows where petroleum products are being sold globally, indicating regional demand trends and potential exposure to geopolitical or economic shifts.
Data provided by:
Main Street Data
Main Street DataTotalEnergies Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: 8.61%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Neutral
TotalEnergies showcased strong production growth and maintained shareholder returns despite a challenging downstream environment and geopolitical uncertainties affecting market stability.Q1-2025 Updates
Positive Updates
Strong Production Growth
TotalEnergies achieved robust year-on-year production growth of nearly 4% in Oil & Gas and 18% in Electricity, resulting in a unique production growth of close to 5%.
Shareholder Returns Maintained
The Board confirmed a 7.6% increase in the first interim dividend to €0.85 per share and announced share buybacks of up to €2 billion for the second quarter.
Low Operating Costs
TotalEnergies maintained low operating costs, with OpEx per barrel at $4.9 during the first quarter, showcasing strong cost control despite inflationary pressures.
Negative Updates
Challenging Downstream Environment
Downstream posted adjusted net operating income of $0.5 billion, impacted by weak refining margins, declining petrochemical margins, and operational issues at specific refineries.
Volatile Oil and Gas Markets
The company faces uncertainties due to geopolitical tensions like the Ukrainian-Russian conflict and potential impacts from U.S. tariff policies, affecting oil demand and market stability.
Gas Trading Challenges
Gas trading results were negatively affected by the unexpected downturn of European markets, following new uncertainties in the geopolitical landscape.
Company Guidance
In the first-quarter 2025 results conference call, TotalEnergies highlighted robust year-on-year production growth of nearly 4% in Oil & Gas and 18% in Electricity, leading to an overall production increase of close to 5%. The company maintained its cost discipline, with OpEx per barrel remaining below $5 despite inflationary pressures. TotalEnergies reported an adjusted net income of $4.2 billion and funds from operations (FFO) of $7 billion, resulting in a return on capital employed of 13.2% over the past 12 months. The company also executed $2 billion in share buybacks for the first quarter and confirmed a 7.6% increase in the first interim dividend to €0.85 per share. TotalEnergies reiterated its full-year 2025 production growth guidance of more than 3% compared to 2024 and maintained its commitment to attractive shareholder returns, with a focus on sustaining a payout of more than 40% of cash flow from operations through cycles. Despite the geopolitical and macroeconomic uncertainties, the company plans to continue its disciplined capital investment strategy, with net investments totaling $4.9 billion in the first quarter and a full-year guidance of $17 billion to $17.5 billion.TotalEnergies Financial Statement Overview
Summary
TotalEnergies maintains a robust financial position with strong profitability and cash flow metrics, despite a recent revenue decline. The balance sheet reflects solid equity and manageable debt levels, supporting long-term stability. While growth challenges exist, the company's operational efficiency and cash generation provide a solid foundation for future opportunities.Income Statement
TotalEnergies exhibits strong profitability with a TTM gross profit margin of approximately 20.6% and a net profit margin of 7.2%. While total revenue has declined from 2024 to TTM, the company maintains solid EBIT and EBITDA margins of 12.6% and 20.7% respectively, reflecting efficient operations. However, a decline in revenue from 2022 indicates potential market challenges.82
Very Positive
Balance Sheet
The company's balance sheet shows a healthy equity position with an equity ratio of 40.5% in TTM, suggesting financial stability. Although the debt-to-equity ratio has increased slightly to 0.50, it remains manageable. The ROE of 11.8% indicates effective equity utilization, though there's room for improvement in leveraging equity for higher returns.78
Positive
Cash Flow
TotalEnergies' cash flow position is strong, with an operating cash flow to net income ratio of 2.25 in TTM, highlighting robust cash generation. The free cash flow has remained stable, though the free cash flow growth rate has slightly decreased compared to 2024. This solid cash flow profile supports the company's investment and financing needs effectively.85
Very Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 191.63B | 195.61B | 218.94B | 263.31B | 184.63B | 119.70B | Gross Profit |
| 31.68B | 25.06B | 31.25B | 81.64B | 52.46B | 19.95B | EBIT |
| 17.46B | 10.76B | -19.40B | 45.67B | 27.86B | -4.87B | EBITDA |
| 39.19B | 41.11B | 50.78B | 59.13B | 37.84B | 8.85B | Net Income Common Stockholders |
| 13.89B | 15.76B | 21.38B | 20.53B | 16.03B | -7.34B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 29.07B | 32.76B | 31.62B | 41.77B | 33.66B | 35.90B | Total Assets |
| 291.06B | 285.49B | 283.65B | 303.86B | 293.46B | 266.13B | Total Debt |
| 58.99B | 53.56B | 47.87B | 60.77B | 64.55B | 77.30B | Net Debt |
| 36.16B | 27.71B | 22.41B | 27.74B | 43.20B | 46.03B | Total Liabilities |
| 170.64B | 165.23B | 164.20B | 189.29B | 178.46B | 160.05B | Stockholders Equity |
| 117.96B | 117.86B | 116.75B | 111.72B | 111.74B | 103.70B |
| Cash Flow | Free Cash Flow | ||||
| 15.54B | 15.95B | 22.96B | 31.68B | 18.07B | 4.04B | Operating Cash Flow |
| 31.25B | 30.85B | 40.68B | 47.37B | 30.41B | 14.80B | Investing Cash Flow |
| -18.70B | -17.33B | -16.45B | -15.12B | -13.66B | -13.08B | Financing Cash Flow |
| -15.28B | -14.43B | -29.73B | -19.27B | -26.15B | 1.40B |
TotalEnergies Technical Analysis
Positive
63.48
Price Trends
58.65
Positive
59.65
Positive
60.10
Positive
Market Momentum
0.91
Negative
71.21
Negative
93.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTE, the sentiment is Positive. The current price of 63.48 is above the 20-day moving average (MA) of 59.74, above the 50-day MA of 58.65, and above the 200-day MA of 60.10, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 71.21 is Negative, neither overbought nor oversold. The STOCH value of 93.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTE.
TotalEnergies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $254.82B | 16.73 | 10.11% | 4.69% | -1.05% | -19.71% | |
78 Outperform | $133.55B | 10.42 | 11.75% | 5.24% | -9.86% | -32.59% | |
77 Outperform | $483.20B | 14.83 | 14.18% | 3.53% | 2.36% | -7.18% | |
76 Outperform | $210.76B | 16.62 | 7.40% | 3.95% | -2.62% | -20.13% | |
73 Outperform | $75.39B | 8.74 | 18.28% | 5.33% | 3.96% | -1.69% | |
68 Neutral | $81.64B | 186.20 | -1.87% | 5.99% | -7.70% | -113.83% | |
58 Neutral | $7.57B | 3.50 | -4.45% | 10.15% | 0.79% | -49.51% |
* Energy Sector Average
Performance Comparison
TTE
TotalEnergies
63.48
-0.19
-0.30%
BP
BP
31.72
-1.35
-4.08%
CVX
Chevron
145.91
-0.62
-0.42%
XOM
Exxon Mobil
112.12
7.41
7.08%
SHEL
Shell
72.54
6.19
9.33%
EQNR
Equinor ASA
27.75
2.84
11.40%
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.