Engie SA (ENGI) AI Stock Analysis

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Engie SA

(Paris:ENGI)

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Rating:59Neutral

Price Target:EUR 24.50▲(4.57% Upside)

Action:reiterated

Date:08/04/26

The score is held back primarily by the sharp 2025 cash flow reversal (negative operating cash flow and deeply negative free cash flow), despite improved profitability and a stronger-looking leverage profile. Valuation is a relative positive with a moderate P/E and ~5% dividend yield, while technical indicators are broadly neutral with slightly negative momentum.

Positive Factors

Integrated energy platformEngie’s integrated platform spans generation, energy supply, infrastructure, networks, and customer services. This diversification can broaden revenue sources, support cross-selling, and reduce dependence on any single activity while positioning the company across multiple parts of the energy transition.

Negative Factors

Weak cash generationThe 2025 reversal to negative operating cash flow and deeply negative free cash flow is a material weakness for a capital-intensive utility. Persistent weakness would increase reliance on financing or asset actions, constrain investment flexibility, and make balance-sheet improvements harder to sustain.

Engie SA (ENGI) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 59.53B
Dividend Yield: 5.76%
Average Volume (3M): 4.67M
Price to Earnings (P/E): 14.4
Beta (1Y): 0.41
Revenue Growth: -5.07%
EPS Growth: -19.86%
Country: France
Employees: 84,809
Sector: General
Sector Strength: 55
Industry: Diversified Utilities

Engie SA Business Overview & Revenue Model

Company Description

Engie SA engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally. The Renewables & Flex Power segment comprises renewable ener...

How the Company Makes Money

Engie primarily makes money by producing, procuring, transporting, and selling energy, and by providing energy-related services under contracts with customers and counterparties. Key revenue streams include: 1) Energy supply (electricity and natural...

Engie SA Financial Statement Overview

Summary

Income statement and balance sheet show recovery (2025 revenue rebound and normalized ~11–12% ROE) and a much lower debt-to-equity in 2025, but this is materially offset by a major cash flow deterioration in 2025 (negative operating cash flow and deeply negative free cash flow), raising near-term funding and sustainability concerns.

Income Statement

64Positive

Balance Sheet

68Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	70.58B	71.94B	73.81B	82.56B	93.86B	57.87B
Gross Profit	9.23B	8.86B	24.35B	25.57B	6.06B	6.31B
EBITDA	13.86B	13.64B	13.94B	16.03B	3.91B	10.69B
Net Income	4.23B	3.83B	4.11B	2.21B	140.00M	3.66B
Balance Sheet
Total Assets	196.28B	169.25B	189.54B	194.64B	235.49B	225.33B
Cash, Cash Equivalents and Short-Term Investments	14.17B	15.37B	17.74B	17.35B	16.43B	14.39B
Total Debt	76.12B	54.57B	52.01B	47.29B	43.98B	44.81B
Total Liabilities	154.17B	128.42B	148.09B	158.92B	199.60B	187.12B
Stockholders Equity	33.54B	32.95B	34.56B	26.66B	30.86B	33.23B
Cash Flow
Free Cash Flow	1.15B	-9.47B	3.76B	5.79B	1.56B	744.00M
Operating Cash Flow	8.13B	-2.20B	13.14B	13.12B	7.94B	6.73B
Investing Cash Flow	-20.86B	149.00M	-11.34B	-11.82B	-4.27B	-10.05B
Financing Cash Flow	11.15B	165.00M	-1.46B	-218.00M	-2.35B	4.43B

Engie SA Technical Analysis

Technical Analysis SentimentNeutral

Last Price23.43

Price Trends

50DMA23.59Negative

100DMA25.17Negative

200DMA25.67Negative

Market Momentum

MACD-0.05Negative

RSI51.78Neutral

STOCH80.98Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ENGI, the sentiment is Neutral. The current price of 23.43 is above the 20-day moving average (MA) of 23.11, below the 50-day MA of 23.59, and below the 200-day MA of 25.67, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 51.78 is Neutral, neither overbought nor oversold. The STOCH value of 80.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ENGI.

Engie SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:ENGI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:DG	76Outperform	EUR 60.57B	11.91	16.58%	4.65%	3.81%	8.38%
FR:AI	73Outperform	EUR 115.22B	30.98	13.42%	1.69%	-1.30%	3.05%
FR:VIE	71Outperform	EUR 24.16B	19.65	17.55%	4.54%	-0.13%	12.40%
FR:SU	66Neutral	EUR 140.06B	28.21	19.47%	1.77%	6.93%	9.95%
FR:ENGI	59Neutral	EUR 59.53B	14.37	12.72%	5.76%	-5.07%	-19.86%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:VLTSA	42Neutral	EUR 493.80M	-3.77	-13.52%	―	19.27%	-192.48%

* General Sector Average

Performance Comparison

FR:ENGI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:ENGI	Engie SA	23.43	3.82	19.48%
FR:AI	Air Liquide (UK)	180.90	31.59	21.16%
FR:SU	Schneider Electric SE (UK)	237.50	-3.09	-1.28%
FR:VIE	Veolia Environnement (UK)	33.01	5.59	20.38%
FR:DG	Vinci SA	108.60	-2.37	-2.14%
FR:VLTSA	Voltalia SA	3.77	-3.28	-46.60%

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.

Date of analysis: Aug 04, 2026

Engie SA AI Stock Analysis