Fluxys Belgium S.A.

Fluxys Belgium reported half year 2026 sales of €342.97 million and net income of €46.78 million, with higher basic earnings per share than a year earlier. The shares now trade at €21.2, up 1.44% over one day and 3.41% over seven days, though the 30-day return is down 5.78%; the 90-day return is 8.16% and the year-to-date gain is 10.99%. The stock carries a price-to-earnings ratio of 16.6x, above the 12.5x peer group average and the 13.9x average for the broader European oil and gas industry, while revenue is expected to decline 2.8% per year. A discounted cash flow model values the shares at €1.5 each, far below the current price. Over one year total shareholder return is 16.66%, against a broadly flat 3-year total shareholder return of 0.09% and a 5-year total shareholder return that declined 18.04%.