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Naturgy Energy Group, S.A. NTGY.MC

ES · Bolsa de Madrid · XMAD · stock · Utilities · website

Naturgy Energy Group, S.A. statistics & valuation

Market cap€26.9B
P / E13.3×
P / S1.4×
P / B2.9×
P / FCF11.3×
Net margin10.4%
FCF margin12.2%
Net debt€12.4B
Enterprise value USD$45.5B
Earnings yield EBIT/EV9.7%
Return on capital12.2%
Graham number -23.6%€22.19

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€22.19); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.90% 8.80% 9.90% 10.40% 2022202320242025
Gross margin (%)
19.10% 31.80% 37.90% 37.40% 2022202320242025
Operating margin (%)
10.60% 17.80% 20.20% 19.50% 2022202320242025
Return on equity (%)
21.80% 21.00% 20.10% 21.70% 2022202320242025
Shares outstanding
926.4M 926.4M 926.4M 926.4M 2022202320242025
Net debt (€)
€12.28B €12.27B €12.35B €12.39B 2022202320242025
Share buybacks (€)
€503.0M €20.0M €510.0M €2.58B 2022202320242025
Return on assets (%)
4.10% 5.20% 4.70% 5.20% 2022202320242025
Free cash flow margin (%)
7.50% 10.80% 9.30% 12.20% 2022202320242025
Debt / equity (×)
2.15× 1.69× 1.90× 1.79× 2022202320242025
EPS (€)
€1.72 €2.07 €1.98 €2.17 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Naturgy Energy Group, S.A. trades at about 13.4× earnings — near its 10-year norm (10-year range 12×–15.1×, median 12.2×).

12× 15.1×

Shaded band = 10-year range (12×–15.1×); dot = today's 13.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin37.4%37.9%31.8%19.1%
Operating margin19.5%20.2%17.8%10.6%
Net margin10.4%9.9%8.8%4.9%
FCF margin12.2%9.3%10.8%7.5%
Return on assets5.2%4.7%5.2%4.1%
Return on equity21.7%20.1%21.0%21.8%
Debt / equity1.38×1.45×1.28×1.68×
Current ratio1.181.311.221.23

Computed from company filings · ES · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.