Enagás ENG.MC
Spain
€17.02 (+3.3%)
20 analysts
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Enagás is the manager of the Spanish gas system, owning and operating the natural gas transport network and underground storage facilities, with a regulated business model and a growing commitment to renewable hydrogen. Beyond the Spanish grid, it operates infrastructure in Mexico, Peru and other countries, and develops regasification plants, biomethane and ammonia, along with LNG shipping.
Listed on Bolsa de Madrid (BME) · Symbol ENG.MC · BME: ENG · Currency EUR
Key points
from its scores- ✓Favorable backdrop7.7
- ✓Good share-price trend7.3
- ✕Weak growth0.6
- !Average business quality5.2
- !Somewhat demanding valuation5.9
AI analysis
bottom line, main risk, context and newsThe attractive dividend compensates for weak growth, but monitor regulatory developments and leverage.
Enagás presents acceptable financial health (6.62) but with high leverage (ND/EBITDA 5.27) and very negative growth (revenues -9.3%, earnings -36.9%), dragging its growth score (1.14). Its dividend (6.07% net) and regulated monopoly position offer stability, but lack of growth and regulatory risk limit its appeal.
The main risk is dependence on Spanish gas sector regulation, which can affect network remuneration and future profitability, especially in the transition towards hydrogen.
Context and risks
Enagás operates under a regulatory framework in Spain, where gas network remuneration is periodically reviewed. Although there is no recent news, the risk of adverse regulatory changes in the Spanish energy sector is a factor to consider, given its business model depends on the stability of such regulation.
Is Enagás stock cheap or expensive?
at the latest priceOn P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 13.5 | 19.3 | −30% |
| EV / EBITDA | 15.2 | 12.3 | +23% |
| Price / book | 1.9 | 2.0 | −5% |
| Price / sales | 4.5 | 2.7 | +64% |
Sector: median of the 92 Utilities companies analyzed. In bold, the multiples used for the comparison.
Valuation score: 5.9 out of 10 (median for Utilities: 4.7).
Average analyst target: €17.02, +3.3% versus the price.
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Enagás: performance and returns
What you would have made, with dividends reinvested, against the S&P 500. In US dollars.Compound annual return (with dividends, in US dollars)
Score by category
0 to 10 · hover overtap each one to see what it measuresScore history
From Aug 30, 2026 to Oct 10, 2026: 5.7 → 6.2 ▲ 0.5 · 15 analysesKey metrics
at the latest price · compared with the Utilities medianValuation
- P/E
- 13.5
- Forward P/E
- 14.9
- EV / EBITDA
- 15.2
- Price / book
- 1.9
- Price / sales
- 4.5
- PEG
- 16.55
- Market cap
- €4.3B
- Enterprise value
- €6.6B
Profitability
- ROE
- 12.7%
- ROA
- 2.0%
- ROIC (approx.)
- 4.8%
- Gross margin
- 93.6%
- Operating margin
- 26.9%
- Net margin
- 30.5%
- Free cash flow
- €139.5M
- FCF yield
- 3.3%
- Cash conversion
- 32%
Solvency
- Total debt
- €3.0B
- Net debt
- €2.3B
- Cash
- €719.6M
- EBITDA
- €436.8M
- Net debt / EBITDA
- 5.27
- Debt / equity
- 130.2%
- Current ratio
- 0.90
- Quick ratio
- 0.83
Growth
- Revenue growth
- −9.3%
- Earnings growth
- −36.9%
- EPS (TTM)
- €1.22
- EPS (forward)
- €1.11
Dividend
- Dividend yield
- 6.1%
- Payout
- 90.7%
Risk and market
- Beta
- 0.27
- Analyst consensus
- Hold (20)
- Target price
- €17.02
- 52-week range
- 13.02 – 17.94
Recent news
All ENG.MC news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about Enagás
Is Enagás stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%). Valuation score: 5.9 out of 10 (median for Utilities: 4.7). Average analyst target: €17.02, +3.3% versus the price. This is not investment advice.
What score does Enagás get on MeridIAn Screener?
It scores 6.2 out of 10, rank 789 of 2,130 (ahead of 63% of the companies analyzed). Its strongest category is Risk & Context (7.7) and its weakest, Growth (0.6). Analysis of Oct 10, 2026.
What is the P/E ratio of Enagás?
Its P/E is 13.5: the share price equals 13.5 times earnings per share over the last 12 months. The Utilities median is 19.3. Based on the earnings analysts expect, the forward P/E is 14.9.
How much is Enagás worth on the stock market?
Its market capitalization is €4.3B and its enterprise value, debt included, is €6.6B.
How much debt does Enagás have?
Its net debt (debt minus cash) is €2.3B. That is 5.27 times its EBITDA; the Utilities median is 5.33.
Does Enagás pay a dividend?
Yes: its dividend yield is 6.07% and it pays out 91% of its earnings.
How has Enagás stock performed over the last year?
It has risen 29.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between €13.02 and €17.94. Past performance does not guarantee future results.
What do analysts think of Enagás?
20 analysts cover it; their average recommendation is “Hold” and their average target is €17.02 (+3.3% versus the price). It is an estimate, not market data.