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Esso Societe Anonyme Francaise
(NAE)
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Rating:42Neutral
Price Target:
€81.00
▼(-5.70% Downside)
Action:Reiterated
Date:10/01/26
The score is primarily driven down by weakened financial performance, including a return to losses, sharply negative free cash flow, and a significant increase in leverage. Technicals are mixed (short-term weakness but longer-term trend still positive), while valuation provides limited support due to negative earnings despite a moderate dividend yield.
Positive Factors
Historical Profitability
The company demonstrated meaningful earnings capacity across 2021–2023, showing that its downstream operations can generate attractive margins in supportive market conditions. Although 2025 weakened materially, this prior performance provides evidence of an established operating base that could benefit when refining conditions improve.
Negative Factors
Revenue and Profitability Deterioration
The sharp 2025 revenue decline and reversal into a net loss indicate weakened demand capture, downstream margins, or both. A negative operating result reduces internal funding capacity and makes the business more dependent on a recovery in refining conditions to restore sustainable earnings over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Profitability
The company demonstrated meaningful earnings capacity across 2021–2023, showing that its downstream operations can generate attractive margins in supportive market conditions. Although 2025 weakened materially, this prior performance provides evidence of an established operating base that could benefit when refining conditions improve.
Read all positive factors
Esso Societe Anonyme Francaise (NAE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.20B
Dividend Yield3.22%
Average Volume (3M)12.25K
Price to Earnings (P/E)―
Beta (1Y)-0.63
Revenue Growth-22.83%
EPS Growth59.55%
CountryFR
Employees1,056
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-7.22
Shares Outstanding12,854,578
10 Day Avg. Volume13,423
30 Day Avg. Volume12,248
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.75
Price to Sales (P/S)0.05
P/FCF Ratio-0.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Esso Societe Anonyme Francaise Business Overview & Revenue Model
Company Description
Esso S.A.F., established in 1902 and based in Nanterre, France, specializes in the refining, distribution, and sale of petroleum products across France and on international markets. Its extensive product range features refined goods like various g...
How the Company Makes Money
Esso Societe Anonyme Francaise (NAE) primarily makes money through downstream petroleum product sales in France. Key revenue streams include: (1) retail fuel sales to motorists through branded service stations (where revenue is driven by volumes s...
Esso Societe Anonyme Francaise Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
42
Neutral
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.37B | 17.94B | 19.24B | 24.94B | 15.28B |
| Gross Profit | 277.80M | 372.30M | 1.16B | 1.26B | 814.30M |
| EBITDA | 182.90M | 211.50M | 787.10M | 1.10B | 771.40M |
| Net Income | -92.80M | 106.50M | 676.50M | 719.20M | 572.90M |
Balance Sheet | |||||
| Total Assets | 3.12B | 4.52B | 4.74B | 4.68B | 4.11B |
| Cash, Cash Equivalents and Short-Term Investments | 200.00M | 1.50B | 1.05B | 0.00 | 411.00M |
| Total Debt | 829.60M | 16.50M | 40.30M | 774.10M | 40.50M |
| Total Liabilities | 2.37B | 2.27B | 2.40B | 2.90B | 3.30B |
| Stockholders Equity | 745.90M | 2.25B | 2.34B | 1.78B | 813.70M |
Cash Flow | |||||
| Free Cash Flow | -684.50M | 649.10M | 1.79B | -1.13B | 410.20M |
| Operating Cash Flow | -552.40M | 649.10M | 1.85B | -1.09B | 441.00M |
| Investing Cash Flow | -106.90M | 21.10M | -53.10M | -33.30M | -28.10M |
| Financing Cash Flow | -635.70M | -212.40M | -754.10M | 712.30M | -10.90M |
Esso Societe Anonyme Francaise Technical Analysis
Neutral
85.90
Price Trends
82.88
Positive
67.62
Positive
59.28
Positive
Market Momentum
4.70
Positive
49.71
Neutral
36.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NAE, the sentiment is Neutral. The current price of 85.9 is below the 20-day moving average (MA) of 98.57, above the 50-day MA of 82.88, and above the 200-day MA of 59.28, indicating a neutral trend. The MACD of 4.70 indicates Positive momentum. The RSI at 49.71 is Neutral, neither overbought nor oversold. The STOCH value of 36.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:NAE.
Esso Societe Anonyme Francaise Peers Comparison
UnderperformOutperform
Sector (55)
FR:NAE
Esso Societe Anonyme Francaise
84.20
45.37
116.83%
FR:RUI
Rubis SCA
35.22
5.08
16.85%
FR:DPAM
Les Docks des Petroles d'Ambes SA
845.00
-53.18
-5.92%
Esso Societe Anonyme Francaise Corporate Events
North Atlantic Energies Boosts Refining Performance but Suffers Loss on Volatile Oil Costs
Sep 28, 2026
North Atlantic Energies reported a sharp improvement in operating performance in the first half of 2026, with crude throughput up 28% and adjusted EBITDA more than doubling to €178 million, helped by stronger refining margins and higher pric...
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.