Enagás S.A. (ENG) - Net Assets

Latest as of December 2025: €2.32 Billion EUR ≈ $2.71 Billion USD

Based on the latest financial reports, Enagás S.A. (ENG) has net assets worth €2.32 Billion EUR (≈ $2.71 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.82 Billion ≈ $7.98 Billion USD) and total liabilities (€4.51 Billion ≈ $5.27 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Enagás S.A. (ENG) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€2.32 Billion
% of Total Assets	33.95%
Annual Growth Rate	4.22%
5-Year Change	-25.3%
10-Year Change	-5.93%
Growth Volatility	8.69

Enagás S.A. - Net Assets Trend (2003–2025)

This chart illustrates how Enagás S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore ENG total assets for the complete picture of this company's asset base.

Annual Net Assets for Enagás S.A. (2003–2025)

The table below shows the annual net assets of Enagás S.A. from 2003 to 2025. For live valuation and market cap data, see Enagás S.A. (ENG) market capitalisation.

Year	Net Assets	Change
2025-12-31	€2.32 Billion ≈ $2.71 Billion	-3.15%
2024-12-31	€2.39 Billion ≈ $2.80 Billion	-20.26%
2023-12-31	€3.00 Billion ≈ $3.51 Billion	-6.79%
2022-12-31	€3.22 Billion ≈ $3.76 Billion	+3.76%
2021-12-31	€3.10 Billion ≈ $3.63 Billion	+3.15%
2020-12-31	€3.01 Billion ≈ $3.52 Billion	-5.11%
2019-12-31	€3.17 Billion ≈ $3.70 Billion	+4.26%
2018-12-31	€3.04 Billion ≈ $3.55 Billion	+3.33%
2017-12-31	€2.94 Billion ≈ $3.44 Billion	+19.42%
2016-12-31	€2.46 Billion ≈ $2.88 Billion	+2.98%
2015-12-31	€2.39 Billion ≈ $2.80 Billion	+5.81%
2014-12-31	€2.26 Billion ≈ $2.64 Billion	+5.65%
2013-12-31	€2.14 Billion ≈ $2.50 Billion	+6.71%
2012-12-31	€2.00 Billion ≈ $2.34 Billion	+7.69%
2011-12-31	€1.86 Billion ≈ $2.18 Billion	+7.22%
2010-12-31	€1.74 Billion ≈ $2.03 Billion	-2.15%
2009-12-31	€1.77 Billion ≈ $2.07 Billion	+23.19%
2008-12-31	€1.44 Billion ≈ $1.68 Billion	+7.18%
2007-12-31	€1.34 Billion ≈ $1.57 Billion	+8.80%
2006-12-31	€1.24 Billion ≈ $1.44 Billion	+11.24%
2005-12-31	€1.11 Billion ≈ $1.30 Billion	+11.28%
2004-12-31	€997.84 Million ≈ $1.17 Billion	+7.02%
2003-12-31	€932.36 Million ≈ $1.09 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Enagás S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 138.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€339.11 Million	14.74%
Common Stock	€393.00 Million	17.08%
Other Comprehensive Income	€-68.90 Million	-2.99%
Other Components	€1.64 Billion	71.18%
Total Equity	€2.30 Billion	100.00%

Enagás S.A. Competitors by Market Cap

The table below lists competitors of Enagás S.A. ranked by their market capitalization.

Company	Market Cap
Belden Inc NYSE:BDC	$4.49 Billion
NOVA LJUBLJ.BK GDR REG.S F:N1V2	$4.49 Billion
Koninklijke Vopak NV AS:VPK	$4.49 Billion
Radian Group Inc NYSE:RDN	$4.50 Billion
Dongguan Dingtong Precision Metal Co. Ltd. A SHG:688668	$4.48 Billion
Moneta Money Bank AS PR:MONET	$4.48 Billion
TaTaTu SpA PA:ALTTU	$4.48 Billion
BILFINGER SE UNSP.ADR 1/5 F:GBFU	$4.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Enagás S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,375,762,000 to 2,301,100,000, a change of -74,662,000 (-3.1%).
Net income of 267,500,000 contributed positively to equity growth.
Dividend payments of 261,358,999 reduced retained earnings.
Share repurchases of 18,347,000 reduced equity.
Other comprehensive income decreased equity by 2,008,444,000.
Other factors increased equity by 1,945,987,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€267.50 Million	+11.62%
Dividends Paid	€261.36 Million	-11.36%
Share Repurchases	€18.35 Million	-0.8%
Other Comprehensive Income	€-2.01 Billion	-87.28%
Other Changes	€1.95 Billion	+84.57%
Total Change	€-	-3.14%

Book Value vs Market Value Analysis

This analysis compares Enagás S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.95x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 4.37x to 1.95x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	€3.91	€17.05	x
2004-12-31	€4.18	€17.05	x
2005-12-31	€4.65	€17.05	x
2006-12-31	€5.17	€17.05	x
2007-12-31	€5.63	€17.05	x
2008-12-31	€6.03	€17.05	x
2009-12-31	€7.43	€17.05	x
2010-12-31	€7.27	€17.05	x
2011-12-31	€7.80	€17.05	x
2012-12-31	€8.40	€17.05	x
2013-12-31	€8.90	€17.05	x
2014-12-31	€9.41	€17.05	x
2015-12-31	€9.96	€17.05	x
2016-12-31	€10.27	€17.05	x
2017-12-31	€10.79	€17.05	x
2018-12-31	€11.17	€17.05	x
2019-12-31	€13.20	€17.05	x
2020-12-31	€11.43	€17.05	x
2021-12-31	€11.80	€17.05	x
2022-12-31	€12.25	€17.05	x
2023-12-31	€11.42	€17.05	x
2024-12-31	€9.10	€17.05	x
2025-12-31	€8.74	€17.05	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Enagás S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.62%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 28.18%
• Asset Turnover: 0.14x
• Equity Multiplier: 2.97x
Recent ROE (11.62%) is below the historical average (15.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	15.23%	9.05%	0.51x	3.32x	€48.78 Million
2004	15.85%	12.21%	0.42x	3.11x	€58.33 Million
2005	17.20%	28.58%	0.21x	2.90x	€79.92 Million
2006	17.52%	28.97%	0.21x	2.94x	€92.86 Million
2007	17.73%	29.51%	0.20x	2.96x	€103.90 Million
2008	17.97%	30.93%	0.18x	3.28x	€114.85 Million
2009	16.75%	34.31%	0.14x	3.44x	€119.83 Million
2010	19.21%	33.97%	0.14x	3.93x	€159.86 Million
2011	19.59%	32.60%	0.14x	4.15x	€178.48 Million
2012	18.93%	32.16%	0.15x	4.03x	€179.03 Million
2013	18.97%	31.53%	0.18x	3.39x	€190.64 Million
2014	18.10%	33.70%	0.16x	3.43x	€181.93 Million
2015	17.36%	34.49%	0.15x	3.26x	€174.95 Million
2016	17.04%	35.12%	0.13x	3.78x	€172.40 Million
2017	19.08%	36.09%	0.14x	3.72x	€233.61 Million
2018	16.61%	34.19%	0.14x	3.57x	€176.09 Million
2019	13.40%	36.65%	0.13x	2.81x	€107.32 Million
2020	14.85%	42.14%	0.12x	3.01x	€145.00 Million
2021	13.09%	41.39%	0.10x	3.20x	€95.28 Million
2022	11.73%	39.26%	0.10x	2.93x	€55.55 Million
2023	11.48%	37.74%	0.11x	2.85x	€44.16 Million
2024	-12.60%	-33.05%	0.12x	3.16x	€-536.89 Million
2025	11.62%	28.18%	0.14x	2.97x	€37.39 Million

Industry Comparison

This section compares Enagás S.A.'s net assets metrics with peer companies in the Utilities - Regulated Gas industry.

Industry Context

Industry: Utilities - Regulated Gas
Average net assets among peers: $15,010,000,000
Average return on equity (ROE) among peers: 9.63%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Enagás S.A. (ENG)	€2.32 Billion	15.23%	1.95x	$4.48 Billion
Naturgy Energy Group SA (NTGY)	$15.01 Billion	9.63%	1.99x	$26.05 Billion

About Enagás S.A.

MC:ENG Spain Utilities - Regulated Gas

Market Cap

$5.18 Billion

€4.43 Billion EUR

Market Cap Rank

#3857 Global

#30 in Spain

Share Price

€17.05

Change (1 day)

+0.65%

52-Week Range

€13.02 - €17.25

All Time High

€18.36