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Enagas

MCE:ENG · ES0130960018
Gas UtilitiesLarge

360

53
EV / EBIT13
Price / Owner Earnings33
Owner Earnings Yield90
Dividend Yield86
Price/Sales14
EV / Gross Profit54
Price/Book37
Return on Capital23
Cash Return on Capital94
Return on Equity85
EBIT Margin73
Gross Profitability79
Cash Conversion4
Accruals58
Owner Earnings Margin100
Sales growth4
Profit Growth35
Long-Term EPS Growth51
Owner Earnings Growth90
Reinvestment98
Price momentum80
Debt load44
Refinancing24
Debt Payback82
Liquidity37
Analyst ratings23
Opinion Changes50
Price Target Upside6
Market mood36
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Enagas generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySpain
IndustryGas Utilities
SizeLarge
TypePublic Company
ExchangeBME
Founded1972
Employees884
ISINES0130960018
Last UpdateApr 2, 2026
Themes
Clean EnergyCleanTechBiomass EnergyRenewable AmmoniaHydrogenEnergyEnergy EfficiencyOil and GasRenewable Energy

Description

Enagás, S.A. (Enagás) engages in the transportation and storage of natural gas specializing in the management and operation of gas infrastructures. Business Segments Enagás operates in several business segments that encompass a comprehensive range…

Analysis

Middle-of-the-road

Enagás, S.A. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 10.3× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -3% yearly growth; analysts expect 3%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 14/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
17
2023202420252026

All-time high

59

Sep 2023

All-time low

1

Mar 2026

Average rank

33

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
14
11
7
16
Price/Earnings
28
52
39
73
Price/Book
37
67
78
71
Dividend Yield
86
100
92
96
Value (overall)
28
61
63
70

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →