Enagás S.A. (ENG) Fair Value & Analysis
Utilities · ES · Market cap €4.4B · ISIN ES0130960018
What is Enagás S.A. really worth?
A solid business, but trading 42% above our fair value of €11.72.
Strengths
Risks
Fair value as of: Aug 31, 2026
From 24 valuation models · updated 5 days ago
Fair value updated Aug 31, 2026, revised from €9.47 to €11.72 (+23.7%) since Aug 27, 2026. Share price −1.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€8.60 to €16.46) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range €10.07 – €17.58 · fair‑value band €8.60 – €16.46 · the €16.60 price screens above the €11.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Enagás S.A. (ENG) currently trades at €16.60, while our model-based Fair Value estimate is €11.72, implying the stock looks roughly 41.7% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of €14.10 per share, and 1 of the 22 models we run sit above the €16.60 price. Bear case: the Earnings-Based group reads lowest at €1.55, and 21 of the 22 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Enagás S.A. generated revenue of €975M at a net margin of 33.9%. Revenue grew 7.4% year over year. It earns a return on equity of 14.8%. Net debt stands at €2.1B. Fundamentals as of Aug 31, 2026
Our scenario range runs from €8.60 (bear case) to €16.46 (bull case); at €16.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −24% fair-value upside, at −29%, ENG screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.8561 per share, which is 7.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (€14.10) versus Earnings-Based (€1.55). Highest evidence: FCF DCF (77).
Notify me when ENG reaches fair value
Put ENG on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 75
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Enagás, S.A. engages in the transmission, storage, and regasification of natural gas. It operates through Regulated Gas Activities, Regulated Activities " Hydrogen Infrastructure, New Businesses, and International segments.
Full company description
Enagás, S.A. engages in the transmission, storage, and regasification of natural gas. It operates through Regulated Gas Activities, Regulated Activities " Hydrogen Infrastructure, New Businesses, and International segments. The company provides gas transmission services through primary and secondary transmission pipelines; and natural gas regasification services, as well as operates underground storage facilities. It is also involved hydrogen infrastructure activities; and non-regulated activities related to new energies, such as biomethane, ammonia, and CO2. In addition, the company engages in the technical management of the gas system; financial management; gas transmission; development of industrial projects and activities relating to LNG terminals; development and implementation of facilities for the supply of natural gas; provision of commercial services; designing, constructing, operating, and maintaining hydrogen and other gas production facilities; and maritime transport activities by managing merchant ships. The company was incorporated in 1972 and is headquartered in Madrid, Spain.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Enagás S.A. reported revenue of €949M in FY2025 versus €976M in FY2021, a compound −0.7%/yr. Reported net income was €268M in FY2025, compounding −9.8%/yr from FY2021.
of which total revenue −2.8 % · buybacks/dilution −1.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
ENG screens 42% overvalued. Compare with Naturgy Energy Group →
Peer Group
Utilities - Regulated Gas · 105 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €29.60 | €31.58 | +7% |
| Atmos Energy Corporation ATO | $166.65 | $85.67 | −49% |
| NiSource Inc NI | $40.96 | $28.59 | −30% |
| Uniper SE UN0 | €47.45 | €48.32 | +2% |
| The Hong Kong and China Gas Company 0003 | HK$7.31 | HK$4.79 | −34% |
| GAIL (India) Limited GAIL | ₹171.10 | ₹130.21 | −24% |
| Italgas S.p.A IG | €8.67 | €8.63 | −1% |
| Adani Total Gas Limited ATGL | ₹654.05 | ₹101.36 | −85% |
| ENN Natural Gas Co 600803 | ¥17.51 | ¥25.71 | +47% |
| UGI Corporation UGI | $38.01 | $26.72 | −30% |
Compare Enagás S.A. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Enagás S.A. (ENG) overvalued or undervalued?
What is the fair value of ENG?
What is the quality score of ENG?
What is the revenue of Enagás S.A. (ENG)?
What is the net profit margin of ENG?
Does Enagás S.A. pay a dividend?
Watch Enagás S.A. in the live analysis
One click puts Enagás S.A. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.