Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Fluxys Belgium SA is a Euronext-listed subsidiary of the Fluxys infrastructure group, specializing in the transmission, storage, and liquefied natural gas terminalling in Belgium. It operates approximately 4,000 kilometers of pipeline, an LNG terminal at Zeebrugge with an annual regasification capacity of 197 TWh, and an underground storage facility in Loenhout providing 7,610 GWh of capacity. The company transports natural gas to distribution operators, power stations, industrial users, and border points for onward delivery across Northwest Europe, serving as a key crossroads for international gas flows. Fluxys Belgium SA is adapting its infrastructure for the energy transition, targeting capacity for 30 TWh of hydrogen and 30 million tonnes of CO2 annually by 2030, while supporting biomethane injection and carbon capture initiatives. With around 982 employees based in Brussels and regional sites, safety remains paramount, with over half the workforce dedicated to secure facility operations. As a regulated natural monopoly, it ensures open-access infrastructure vital for energy security and decarbonization in Europe.
€20.40
+€0.60 (+3.03%)
EOD Jun 23, 2026 · Twelve Data
18.19% operating margin is respectable but not wide. ROIC at 6.02%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 11.2%, still solid. Free cash flow declined 158% despite revenue growth, conversion is weakening.
Free cash flow declined 158% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€116M. The business is consuming cash, not generating it.
18.7x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€743M
▲ +11.2% YoY
Net Income (TTM)
€75M
▼ -8.7% YoY
Op. Margin
18.19%
▼ -0.9pp YoY
ROIC
6.02%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€116M
▼ -158.0% YoY
Op. Cash Flow (TTM)
-€31M
▼ -110.1% YoY
Net Debt
€186M
Cash & Equiv.
€858M
3Y CAGR: -14.1%
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At a P/E of 18.7, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Fluxys Belgium SA scores 32/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Fluxys Belgium SA scores 32 out of 100 on Intrinsiqq's quality score, passing 2 of 7 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 18.2% operating margin and a 6.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Fluxys Belgium SA pays a regular dividend of about €1.40 per share per year (typically in quarterly installments), a yield of roughly 6.9% at the current price. That is a payout ratio of about 131.3% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FLUX.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh FLUX.XBRU's valuation and scores 32/100 on quality (lower-quality). It also yields about 6.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.