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French oil refiner and fuel distributor (formerly Esso France) that also has a small oil exploration and production business.
French oil refiner and fuel distributor (formerly Esso France) that also has a small oil exploration and production business.
Buys crude and sells the fuels refined from it, so earnings depend on the gap between product prices and crude costs, which swing with refinery outages and global supply. Output is sold mainly in France through distributors and industrial buyers.
In one line: A French, smaller Marathon Petroleum refiner.
Moat: narrow (scale, installed base, regulatory licence). Owns one of France's few refineries with an established distribution network, but refining margins are commodity-driven.
Headquarters: Gravenchon (Port-Jerome), France · Founded: 1933 · Employees: 1,112
Size North Atlantic Energies (NAE.PA) is a France Energy company (Oil Refining/Marketing) with a market value of $1.09B, the 136th largest of 206 France companies the cockpit tracks. Shares closed at €75.60 on 6 Nov 2026.
Performance Over six months the shares gained 30.1%, against +2.5% for the median peer and -0.4% for the France market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue fell 22.8% over the last twelve months (peer median +12.1%); the operating margin is 3.3% (peer median 7.6%).
Valuation It trades at 0.1× enterprise value to sales against a peer median of 0.4× (cheapest of 19).
Capital Return on invested capital runs 13.4 points above its cost of capital (5.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €11.4B | €11.4B | €17.9B | €19.2B | €24.9B |
| Revenue growth | — | -37% | -7% | -23% | — |
| Gross profit | €561M | -€41.7M | €88.5M | €802M | €1.26B |
| EBITDA | €456M | €40.7M | €86.6M | €774M | €1.14B |
| Net income | -€38.4M | -€92.8M | €106M | €676M | €719M |
| Free cash flow | -€574M | -€684M | €549M | €1.79B | -€1.13B |
| Capital expenditure | €100M | €132M | €100M | €59.5M | €41.3M |
| Total debt | n/a | €830M | €16.5M | €40.3M | €774M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| North Atlantic Energies NAE.PA | $1.09B | +30% | -23% | 3% | 0.1× | n/a |
| TotalEnergies TTE.PA | $200B | +2% | +11% | 17% | 1.1× | -15.6% |
| ExxonMobil XOM | $677B | +16% | +21% | 14% | 1.8× | -5.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NAE.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | -12.5% | 8th highest of 19 |
| 6-month return | +30.1% | +2.5% | 3rd highest of 19 |
| Distance from 52-week high | -32.6% | -26.8% | 9th lowest of 19 |
| Revenue growth (TTM) | -22.8% | +12.1% | lowest of 19 |
| Operating margin | 3.3% | 7.6% | 6th lowest of 19 |
| EV / Sales | 0.1× | 0.4× | cheapest of 19 |
| ROIC minus cost of capital | +13.4 pp | +8.4 pp | 6th highest of 18 |
| Net debt / EBITDA | 1.6× | 1.0× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| North Atlantic Energies NAE.PA | France | $1.09B | +30% | -23% | 3% | 0.1× | n/a | n/a |
| North Huajin Chemical Industries 000059.SZ | China | $1.10B | -20% | +3% | 1% | 0.4× | -8.0% | +4.6% |
| Castrol India CASTROLIND.NS | India | $2.00B | +3% | +17% | 20% | 2.9× | 10.7% | +13.8% |
| Chennai Petroleum CHENNPETRO.NS | India | $2.27B | +34% | +31% | 10% | 0.3× | -12.0% | +28.6% |
| Seobu T&D 006730.KS | South Korea | $479M | -31% | +52% | 27% | 7.0× | 8.2% | +24.0% |
| SHINANEN 8132.T | Japan | $463M | +7% | -3% | 2% | 0.2× | -3.2% | +6.6% |
| SINOPEC Shandong Taishan Petroleum 000554.SZ | China | $445M | -24% | -8% | 9% | 0.9× | -6.7% | +5.6% |
| Star Group LP SGU | United States | $432M | +2% | +8% | 6% | 0.3× | -17.8% | +4.0% |
| Viva Energy VEA.AX | Australia | $3.04B | +19% | -2% | 4% | 0.3× | -15.1% | +18.2% |
| DOF DOFG.OL | Norway | $3.24B | -12% | +22% | 26% | 2.1× | 0.9% | +28.0% |
| Mangalore Refinery & Petrochemicals MRPL.NS | India | $3.26B | +13% | +38% | 6% | 0.3× | -6.0% | +22.9% |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 0.7× | n/a | n/a |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 0.3× | n/a | n/a |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 1.3× | 39.0% | +12.8% |
| Oiltek International HQU.SI | Singapore | $339M | -52% | -5% | 19% | 6.1× | 11.6% | +17.6% |
| Sinopec Shanghai Petrochemical 0338.HK | Hong Kong | $3.71B | -8% | -6% | -2% | 0.4× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 0.4× | -18.5% | +3.7% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 0.5× | -17.9% | +12.8% |
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 0.6× | -10.1% | +8.0% |