Enagas SA
MAD:ENG

Watchlist Manager
Enagas SA Logo
Enagas SA
MAD:ENG
Watchlist
Price: 13.365 EUR 1.63% Market Closed
Market Cap: 3.5B EUR

Relative Value

The Relative Value of one ENG stock under the Base Case scenario is 19.015 EUR. Compared to the current market price of 13.365 EUR, Enagas SA is Undervalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ENG Relative Value
Base Case
19.015 EUR
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
20
Median 3Y
2.8
Median 5Y
3.9
Industry
1.7
Forward
3.9
vs History
30
vs Industry
62
Median 3Y
10.8
Median 5Y
10.9
Industry
15.2
Forward
12.5
vs History
6
vs Industry
39
Median 3Y
7
Median 5Y
7.5
Industry
7.4
vs History
vs Industry
42
Median 3Y
-13.1
Median 5Y
-4.7
Industry
14.6
vs History
30
vs Industry
43
Median 3Y
1.4
Median 5Y
1.4
Industry
1.4
vs History
80
vs Industry
22
Median 3Y
4.3
Median 5Y
6.3
Industry
2.9
Forward
6.2
vs History
vs Industry
57
Median 3Y
0
Median 5Y
6.8
Industry
7.9
vs History
30
vs Industry
50
Median 3Y
11.2
Median 5Y
11.3
Industry
10.7
Forward
8.2
vs History
69
vs Industry
34
Median 3Y
14.9
Median 5Y
16
Industry
15.3
Forward
15.4
vs History
4
vs Industry
41
Median 3Y
11.2
Median 5Y
11.6
Industry
11.3
vs History
14
vs Industry
32
Median 3Y
13.3
Median 5Y
13.3
Industry
17
vs History
11
vs Industry
43
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9

Multiples Across Competitors

ENG Competitors Multiples
Enagas SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
ES
Enagas SA
MAD:ENG
3.5B EUR 2.5 12.1 14.9 14.9
ES
Naturgy Energy Group SA
MAD:NTGY
25B EUR 1 9.9 5.6 7.5
US
Atmos Energy Corp
NYSE:ATO
27.4B USD 5.8 22.8 15.7 23.2
IT
Snam SpA
MIL:SRG
18.9B EUR 3.4 8.6 9.1 12.7
HK
Hong Kong and China Gas Co Ltd
HKEX:3
132.7B HKD 2.4 23.5 19.7 19.7
JP
Tokyo Gas Co Ltd
TSE:9531
2.1T JPY 0.8 11.5 6.7 16.1
JP
Osaka Gas Co Ltd
TSE:9532
2.1T JPY 1 14.1 9.2 15.7
IN
GAIL (India) Ltd
NSE:GAIL
1.2T INR 0.8 10.6 7.8 10.2
IT
Italgas SpA
MIL:IG
9.8B EUR 2.4 10.6 9.3 12.7
CN
ENN Energy Holdings Ltd
HKEX:2688
79.4B HKD 0.6 12.2 9.3 9.3
CN
ENN Natural Gas Co Ltd
SSE:600803
64.3B CNY 0.5 14.5 7.9 7.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ES
Enagas SA
MAD:ENG
Average EV/EBITDA: 10.5
14.9
5%
3
ES
Naturgy Energy Group SA
MAD:NTGY
5.6
-1%
N/A
US
Atmos Energy Corp
NYSE:ATO
15.7
14%
1.1
IT
Snam SpA
MIL:SRG
9.1
7%
1.3
HK
Hong Kong and China Gas Co Ltd
HKEX:3
19.7
6%
3.3
JP
T
Tokyo Gas Co Ltd
TSE:9531
6.7
4%
1.7
JP
Osaka Gas Co Ltd
TSE:9532
9.2
3%
3.1
IN
GAIL (India) Ltd
NSE:GAIL
7.8
4%
1.9
IT
Italgas SpA
MIL:IG
9.3
20%
0.5
CN
ENN Energy Holdings Ltd
HKEX:2688
9.3
8%
1.2
CN
ENN Natural Gas Co Ltd
SSE:600803
7.9
19%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ES
Enagas SA
MAD:ENG
Average EV/EBIT: 13.6
14.9
7%
2.1
ES
Naturgy Energy Group SA
MAD:NTGY
7.5
-4%
N/A
US
Atmos Energy Corp
NYSE:ATO
23.2
15%
1.5
IT
Snam SpA
MIL:SRG
12.7
6%
2.1
HK
Hong Kong and China Gas Co Ltd
HKEX:3
19.7
3%
6.6
JP
T
Tokyo Gas Co Ltd
TSE:9531
16.1
N/A N/A
JP
Osaka Gas Co Ltd
TSE:9532
15.7
N/A N/A
IN
GAIL (India) Ltd
NSE:GAIL
10.2
4%
2.6
IT
Italgas SpA
MIL:IG
12.7
22%
0.6
CN
ENN Energy Holdings Ltd
HKEX:2688
9.3
8%
1.2
CN
ENN Natural Gas Co Ltd
SSE:600803
7.9
11%
0.7