Naturgy Energy Group, S.A. (NTGY.MC) stock analysis

In our weekly check, Naturgy Energy Group, S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2.

About Naturgy Energy Group, S.A.

Naturgy Energy Group, S.A. is an Utilities company (Regulated Gas) based in Spain, listed on BME as NTGY.MC.

What our checks show for NTGY.MC

Red flags

• Revenue fell 16.8% a year over the last 3 years.
• The stock has fallen as much as 78% from a peak. Would you have held through that?

Warning signs

• Net debt is 2.2x a year of EBITDA (debt/equity 1.73). That limits room in a downturn and raises refinancing risk.
• Analysts expect earnings per share to shrink about 1.2% a year.
• Analysts expect only about 1.1% a year of growth in revenue.
• Analysts expect the net margin to shrink by 0.8 points from today's 10.7%.
• The stock is still below its previous peak.

Strengths

• The net margin rose by 5.2 points over 5 years, to 10.7%.
• Operating cash flow is 2.16x net profit: the profit arrives as real cash.
• Free cash flow is 12.1% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $32.25 billion.
• Beta 0.46: the stock usually moves less than the market.
• Pay in shares is only 0.1% of free cash flow.

Next earnings report: 2026-10-29

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Questions

What grade does Naturgy Energy Group, S.A. (NTGY.MC) have?

In our weekly check, Naturgy Energy Group, S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NTGY.MC stock?

This week's biggest flags for Naturgy Energy Group, S.A.: Weak revenue growth, Deep past fall, High debt. In total 7 of 25 checks show a warning or a red flag.

What does Naturgy Energy Group, S.A. do?

Naturgy Energy Group, S.A. is an Utilities company (Regulated Gas) based in Spain, listed on BME as NTGY.MC.

When does Naturgy Energy Group, S.A. report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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