Is ENGQF undervalued?

AlphaMadera's AlphaVal page classifies Engie S.A. as a Stable Earnings Power business and values it using P/Adj-EPS × Normalized Multiple, then compares the result to the current market price to flag ENGQF as undervalued, fairly valued, or overvalued.

What is Engie S.A.'s fair value?

Fair value for ENGQF comes from a P/Adj-EPS × Normalized Multiple model -- the approach AlphaVal selected for this company's Stable Earnings Power classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value ENGQF?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. ENGQF was classified as Stable Earnings Power and is valued using P/Adj-EPS × Normalized Multiple, built from ENGQF's most recent reported fundamentals.

ENGQF - Engie S.A.

Price: -- --

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild

Trading 13.7% below fair value

Current Price $25.98

Bear Case $26.33 1.3% upside ($26.33 - $25.98) / $25.98 = 1.3% $1.70 × 16x P/E

Fair Value $30.09 15.8% upside ($30.09 - $25.98) / $25.98 = 15.8% $1.70 × 18x P/E

Bull Case $33.85 30.3% upside ($33.85 - $25.98) / $25.98 = 30.3% $1.70 × 20x P/E

Adjust Assumptions

P/E Multiple

17.7x

Adjusted EPS

1.7$

Key Value Driver

Normalized P/E multiple (18x base case)

Terminal Value % of EV

Implied Market Multiple 15.3x

Market is pricing in (growth)

Plain-Language Summary

Applying a 18x P/E to adjusted EPS of $1.70, the base-case value is $30.09 per share. DDM cross-check: $280.59.

Warnings

⚠ The company pays out 283% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

ℹ Dividend-based valuation: $280.59 (above our primary estimate by 832%). Large gaps may signal the dividend doesn't reflect full earning power.

ℹ Financial statements were converted from EUR into USD using EURUSD at 1.1234 USD per EUR.

Key Risks

Growth DCF inappropriate — terminal value assumptions dominate
EV/EBITDA misleading for regulated businesses where capex is mandated
Regulatory risk is a fat tail not visible in normal multiples