- Engie has revised its 2025 recurring net income forecast to a range of €4.4 billion to €5 billion, exceeding previous estimates of €3.9 billion to €4.5 billion, with the initial market estimate being €4.33 billion.
- For 2025, Engie anticipates EBIT excluding nuclear activities to be between €8 billion and €9 billion, with prior expectations ranging from €7.9 billion to €8.9 billion, and the market had estimated €8.94 billion.
- Forecasts for 2026 indicate recurring net income ranging from €4.2 billion to €4.8 billion, an adjustment from the earlier forecast of €3.7 billion to €4.3 billion.
- The 2026 EBIT excluding nuclear is projected to remain between €8.2 billion and €9.2 billion.
- For 2027, Engie estimates EBIT excluding nuclear activities will range from €9 billion to €10 billion, with recurring net income anticipated to be between €4.4 billion and €5 billion.
- In 2024, Engie reported an EBITDA of €15.6 billion, marking a 4% increase compared to the previous year.
- The Networks EBITDA increased by 5.1% year-over-year to €4.36 billion, surpassing the estimated €4.28 billion.
- Flexgen EBITDA decreased by 2.6% to €1.88 billion, slightly below the estimated €1.9 billion.
- Retail EBITDA showed a significant rise of 14% to €938 million, exceeding the estimate of €806.3 million.
- Nuclear EBITDA saw a remarkable 69% growth, reaching €2.17 billion, which was above the estimated €1.95 billion.
- Recurring net income for 2024 was €5.5 billion, representing a 1.9% increase, and above the estimate of €5.42 billion.
- EBIT excluding nuclear for 2024 fell by 6.3% to €8.9 billion, aligning closely with the estimated €8.84 billion.
- Total revenue in 2024 decreased by 11% to €73.8 billion, underperforming against the estimate of €78.7 billion.
- Net debt stood at €33.2 billion, better than the estimated €37.2 billion.
- Engie declared a dividend of €1.48 per share, slightly higher than the estimated €1.45.
- Cash flow from operations remained steady at €13.1 billion year-over-year.
- Capital expenditure was down 5.7% to €10 billion compared to the previous year.
- The company maintains a strategy to keep the economic net debt to EBITDA ratio at or below 4.0x in the long-term.
“`
Engie SA on Smartkarma
Analyst Coverage of Engie SA on Smartkarma
Analyzing analyst coverage of Engie SA on Smartkarma, Janaghan Jeyakumar, CFA, in a recent report titled “Quiddity Leaderboard ES50 Sep 24,” explores the potential for Engie to replace Kering in the ES50 Index, which could result in significant trading activity with US$1bn+ one-way flows. However, Jeyakumar notes that these expectations are of low conviction as rankings may still change up until the finalization at the end of the week. The report provides insights into the annual index review that occurs in September, highlighting the importance of monitoring potential additions and deletions for the upcoming index rebalancing event in 2024.
This analysis sheds light on the dynamic nature of index composition and the impact it can have on companies like Engie SA. By providing valuable insights into the market sentiment and potential trading opportunities, analysts like Janaghan Jeyakumar contribute to informed decision-making for investors interested in the European market. Smartkarma serves as a platform for top independent analysts to share their research, allowing investors to access diverse perspectives and stay informed about the latest developments in companies such as Engie SA.
A look at Engie SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Engie SA, a global provider of electricity, gas, and energy services, shows a positive outlook based on Smartkarma Smart Scores. With a strong focus on dividends and momentum, Engie scores high in these areas, indicating stability and growth potential. The company’s emphasis on providing value to investors through dividends aligns with its growth prospects, suggesting a balanced approach to long-term sustainability. However, there are areas where Engie can improve, such as resilience, where it scored lower, potentially indicating vulnerability to economic downturns or market fluctuations.
Engie’s profile as a versatile energy company offering a wide range of services positions it well in the competitive market. By leveraging its strengths in dividends and momentum, Engie has the potential to attract investors looking for stable returns and growth opportunities. As the company continues to navigate the evolving energy landscape, enhancing its resilience and focusing on value creation could further solidify its long-term outlook and competitiveness within the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
