Financials Eni S.p.A

Equities

ENI

IT0003132476

Integrated Oil & Gas

Market Closed - Borsa Italiana 11:44:59 2024-05-10 am EDT After market 03:41:53 pm
15.18 EUR +0.98% Intraday chart for Eni S.p.A 15.17 -0.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,853 30,538 43,240 44,706 49,449 48,016 - -
Enterprise Value (EV) 1 66,978 47,124 61,816 56,678 65,684 65,665 64,799 63,705
P/E ratio 346 x -3.56 x 7.23 x 3.38 x 11 x 6.75 x 6.88 x 7.16 x
Yield 6.21% 4.21% 7.04% 6.62% 6.12% 6.64% 6.89% 7.13%
Capitalization / Revenue 0.71 x 0.69 x 0.56 x 0.34 x 0.53 x 0.53 x 0.53 x 0.52 x
EV / Revenue 0.96 x 1.07 x 0.81 x 0.43 x 0.7 x 0.72 x 0.72 x 0.69 x
EV / EBITDA 4.01 x 5.12 x 3.7 x 2.29 x 3.09 x 3.28 x 3.33 x 3.25 x
EV / FCF 16.7 x 265 x 8.12 x 6.03 x 11.1 x 13.8 x 10.6 x 10.9 x
FCF Yield 6% 0.38% 12.3% 16.6% 8.99% 7.24% 9.48% 9.17%
Price to Book 1.04 x 0.81 x 0.98 x 0.85 x 0.95 x 0.88 x 0.82 x 0.77 x
Nbr of stocks (in thousands) 3,600,558 3,572,550 3,538,443 3,364,864 3,221,837 3,194,269 - -
Reference price 2 13.85 8.548 12.22 13.29 15.35 15.03 15.03 15.03
Announcement Date 2/28/20 2/19/21 2/18/22 2/23/23 2/16/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 69,881 43,987 76,570 132,237 93,717 91,213 90,065 92,974
EBITDA 1 16,703 9,202 16,729 24,740 21,284 20,034 19,472 19,584
EBIT 1 8,597 1,898 9,667 20,391 13,805 12,281 11,646 11,512
Operating Margin 12.3% 4.31% 12.63% 15.42% 14.73% 13.46% 12.93% 12.38%
Earnings before Tax (EBT) 1 5,746 -5,946 11,103 22,066 10,206 13,765 12,869 13,122
Net income 1 148 -8,563 6,128 13,810 4,747 7,179 6,939 6,577
Net margin 0.21% -19.47% 8% 10.44% 5.07% 7.87% 7.7% 7.07%
EPS 2 0.0400 -2.400 1.690 3.930 1.400 2.226 2.186 2.099
Free Cash Flow 1 4,016 178 7,617 9,404 5,904 4,754 6,140 5,839
FCF margin 5.75% 0.4% 9.95% 7.11% 6.3% 5.21% 6.82% 6.28%
FCF Conversion (EBITDA) 24.04% 1.93% 45.53% 38.01% 27.74% 23.73% 31.53% 29.82%
FCF Conversion (Net income) 2,713.51% - 124.3% 68.1% 124.37% 66.22% 88.48% 88.78%
Dividend per Share 2 0.8600 0.3600 0.8600 0.8800 0.9400 0.9981 1.036 1.072
Announcement Date 2/28/20 2/19/21 2/18/22 2/23/23 2/16/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - 26,761 32,129 31,556 - 37,302 31,250 27,185 19,591 - 22,319 24,622 22,936 26,902 27,124 26,358 29,592 22,650
EBITDA 1 - - - 5,770 - 7,386 - - 6,167 6,493 5,254 - - 4,754 6,074 5,099 5,047 4,922 5,317 5,288
EBIT 1 873 - 3,366 3,809 5,191 5,841 11,032 5,772 3,587 4,641 3,381 8,022 3,014 2,769 4,116 2,949 2,916 2,911 3,068 2,869
Operating Margin - - - 14.23% 16.16% 18.51% - 15.47% 11.48% 17.07% 17.26% - 13.5% 11.25% 17.95% 10.96% 10.75% 11.04% 10.37% 12.67%
Earnings before Tax (EBT) - - - 5,390 - - - - 460 - 2,057 - 3,438 1,130 2,725 - - - - -
Net income 1 -7,335 - 1,103 3,822 3,583 3,815 7,398 5,862 550 2,388 294 - 1,916 - 1,211 1,602 1,583 1,496 1,695 1,584
Net margin - - - 14.28% 11.15% 12.09% - 15.71% 1.76% 8.78% 1.5% - 8.58% - 5.28% 5.96% 5.84% 5.68% 5.73% 6.99%
EPS 2 - - - 1.060 1.000 1.070 - 1.670 0.1900 0.7000 0.0800 - 0.5700 - 0.3700 0.4948 0.4931 0.4711 0.5398 0.5101
Dividend per Share 2 0.1200 0.2400 0.4300 0.4300 - 0.2200 - 0.2200 0.2200 - 0.2300 - - 0.2300 - 0.2522 0.2522 0.2522 0.2610 0.2675
Announcement Date 7/30/20 2/19/21 7/30/21 2/18/22 4/29/22 7/29/22 7/29/22 10/28/22 2/23/23 4/28/23 7/28/23 7/28/23 10/27/23 2/16/24 4/24/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 17,125 16,586 18,576 11,972 16,235 17,649 16,783 15,689
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.025 x 1.802 x 1.11 x 0.4839 x 0.7628 x 0.881 x 0.8619 x 0.8011 x
Free Cash Flow 1 4,016 178 7,617 9,404 5,904 4,754 6,140 5,839
ROE (net income / shareholders' equity) 5.82% -1.74% 11.5% 26.8% 15.4% 12.6% 11.9% 11.2%
ROA (Net income/ Total Assets) 2.38% -0.64% 3.83% 9.53% 5.63% 5.17% 4.81% 3.98%
Assets 1 6,222 1,345,115 160,113 144,947 84,321 138,845 144,225 165,359
Book Value Per Share 2 13.30 10.50 12.50 15.70 16.10 17.10 18.30 19.40
Cash Flow per Share 2 3.450 1.350 3.600 5.000 4.540 4.300 4.400 4.430
Capex 1 8,376 4,644 5,234 8,056 9,215 8,794 8,618 8,527
Capex / Sales 11.99% 10.56% 6.84% 6.09% 9.83% 9.64% 9.57% 9.17%
Announcement Date 2/28/20 2/19/21 2/18/22 2/23/23 2/16/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
15.03 EUR
Average target price
16.84 EUR
Spread / Average Target
+12.03%
Consensus
1st Jan change Capi.
-1.09% 51.74B
-9.55% 1,926B
+18.05% 467B
+48.84% 246B
+14.56% 233B
+11.49% 171B
+11.95% 107B
-2.92% 81.86B
+29.16% 51.58B
-.--% 50.49B
Integrated Oil & Gas
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