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Engie SA
(ENGI)
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Rating:59Neutral
Price Target:
€25.00
▼(-1.30% Downside)
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
Improved leverage
The substantial reduction in debt relative to equity strengthens Engie’s financial flexibility and lowers balance-sheet pressure. A more conservative capital structure can support investment in generation, networks, and energy services while improving resilience through commodity and earnings volatility.
Negative Factors
Severe cash-flow deterioration
The reversal from consistently positive operating and free cash flow in 2022–2024 to deeply negative figures in 2025 materially reduces funding flexibility. If sustained, weak cash conversion could increase reliance on financing or asset actions and constrain investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
The substantial reduction in debt relative to equity strengthens Engie’s financial flexibility and lowers balance-sheet pressure. A more conservative capital structure can support investment in generation, networks, and energy services while improving resilience through commodity and earnings volatility.
Read all positive factors
Engie SA (ENGI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€61.01B
Dividend Yield5.62%
Average Volume (3M)3.29M
Price to Earnings (P/E)14.7
Beta (1Y)0.33
Revenue Growth-5.07%
EPS Growth-19.86%
CountryFR
Employees84,809
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)1.63
Shares Outstanding2,542,428,000
10 Day Avg. Volume3,584,574
30 Day Avg. Volume3,285,171
Financial Highlights & Ratios
PEG Ratio-1.75
Price to Book (P/B)1.71
Price to Sales (P/S)0.78
P/FCF Ratio-5.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€30.47Price Target Upside20.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.01
Revenue Forecast (FY)€74.73B
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 e...
How the Company Makes Money
Engie makes money primarily by selling energy and energy-related services across several business lines. A major revenue stream comes from selling electricity and natural gas to end customers (households, businesses, and public-sector clients) und...
Engie SA Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
68
Positive
Cash Flow
32
Negative
| 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 | 17.36B | 13.64B | 13.52B | 10.67B | 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
Negative
25.33
Price Trends
26.25
Negative
26.65
Negative
25.27
Negative
Market Momentum
-0.67
Positive
32.94
Neutral
17.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ENGI, the sentiment is Negative. The current price of 25.33 is above the 20-day moving average (MA) of 25.14, below the 50-day MA of 26.25, and above the 200-day MA of 25.27, indicating a bearish trend. The MACD of -0.67 indicates Positive momentum. The RSI at 32.94 is Neutral, neither overbought nor oversold. The STOCH value of 17.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ENGI.
Engie SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €64.15B | 12.49 | 16.58% | 4.39% | 3.81% | 8.38% | |
71 Outperform | €162.64B | 34.20 | 19.47% | 1.46% | 6.93% | 9.95% | |
70 Outperform | €108.56B | 29.18 | 13.42% | 1.79% | -1.30% | 3.05% | |
66 Neutral | €23.35B | 18.99 | 17.55% | 4.70% | -0.13% | 12.40% | |
59 Neutral | €61.01B | 14.73 | 12.72% | 5.62% | -5.07% | -19.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | €696.43M | -5.31 | -13.52% | ― | 19.27% | -192.48% |
* General Sector Average
FR:ENGI
Engie SA
24.01
7.09
41.89%
FR:AI
Air Liquide
170.44
12.98
8.24%
FR:SU
Schneider Electric
288.00
65.34
29.34%
FR:VIE
Veolia Environnement
31.90
4.49
16.38%
FR:DG
Vinci SA
113.95
1.05
0.93%
FR:VLTSA
Voltalia
5.31
-0.73
-12.09%
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.