Financials Eni S.p.A

Equities

ENI

IT0003132476

Integrated Oil & Gas

Real-time Borsa Italiana 09:27:06 2024-07-03 am EDT 5-day change 1st Jan Change
14.47 EUR -0.37% Intraday chart for Eni S.p.A +1.66% -5.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,853 30,538 43,240 44,706 49,449 46,297 - -
Enterprise Value (EV) 1 66,978 47,124 61,816 56,678 65,684 64,449 63,606 63,303
P/E ratio 346 x -3.56 x 7.23 x 3.38 x 11 x 6.73 x 6.66 x 6.49 x
Yield 6.21% 4.21% 7.04% 6.62% 6.12% 6.87% 7.14% 7.39%
Capitalization / Revenue 0.71 x 0.69 x 0.56 x 0.34 x 0.53 x 0.49 x 0.49 x 0.47 x
EV / Revenue 0.96 x 1.07 x 0.81 x 0.43 x 0.7 x 0.68 x 0.67 x 0.65 x
EV / EBITDA 4.01 x 5.12 x 3.7 x 2.29 x 3.09 x 3.25 x 3.29 x 3.2 x
EV / FCF 16.7 x 265 x 8.12 x 6.03 x 11.1 x 13.5 x 10.5 x 11.4 x
FCF Yield 6% 0.38% 12.3% 16.6% 8.99% 7.42% 9.51% 8.77%
Price to Book 1.04 x 0.81 x 0.98 x 0.85 x 0.95 x 0.86 x 0.81 x 0.78 x
Nbr of stocks (in thousands) 3,600,558 3,572,550 3,538,443 3,364,864 3,221,837 3,186,751 - -
Reference price 2 13.85 8.548 12.22 13.29 15.35 14.53 14.53 14.53
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 94,871 95,242 97,889
EBITDA 1 16,703 9,202 16,729 24,740 21,284 19,821 19,363 19,768
EBIT 1 8,597 1,898 9,667 20,391 13,805 12,210 11,622 11,740
Operating Margin 12.3% 4.31% 12.63% 15.42% 14.73% 12.87% 12.2% 11.99%
Earnings before Tax (EBT) 1 5,746 -5,946 11,103 22,066 10,206 13,696 13,050 13,140
Net income 1 148 -8,563 6,128 13,810 4,747 7,026 6,915 6,850
Net margin 0.21% -19.47% 8% 10.44% 5.07% 7.41% 7.26% 7%
EPS 2 0.0400 -2.400 1.690 3.930 1.400 2.160 2.183 2.239
Free Cash Flow 1 4,016 178 7,617 9,404 5,904 4,784 6,050 5,553
FCF margin 5.75% 0.4% 9.95% 7.11% 6.3% 5.04% 6.35% 5.67%
FCF Conversion (EBITDA) 24.04% 1.93% 45.53% 38.01% 27.74% 24.14% 31.25% 28.09%
FCF Conversion (Net income) 2,713.51% - 124.3% 68.1% 124.37% 68.09% 87.49% 81.06%
Dividend per Share 2 0.8600 0.3600 0.8600 0.8800 0.9400 0.9985 1.038 1.074
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 26,772 27,166 26,819 30,069 22,629
EBITDA 1 - - - 5,770 - 7,386 - - 6,167 6,493 5,254 - - 4,754 6,074 5,010 5,121 5,105 5,347 5,231
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 2,794 2,922 2,972 3,099 2,824
Operating Margin - - - 14.23% 16.16% 18.51% - 15.47% 11.48% 17.07% 17.26% - 13.5% 11.25% 17.95% 10.43% 10.76% 11.08% 10.31% 12.48%
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 1,499 1,689 1,622 1,675 1,572
Net margin - - - 14.28% 11.15% 12.09% - 15.71% 1.76% 8.78% 1.5% - 8.58% - 5.28% 5.6% 6.22% 6.05% 5.57% 6.95%
EPS 2 - - - 1.060 1.000 1.070 - 1.670 0.1900 0.7000 0.0800 - 0.5700 - 0.3700 0.4632 0.5264 0.5114 0.5340 0.5068
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 18,152 17,309 17,006
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.025 x 1.802 x 1.11 x 0.4839 x 0.7628 x 0.9158 x 0.894 x 0.8603 x
Free Cash Flow 1 4,016 178 7,617 9,404 5,904 4,784 6,050 5,553
ROE (net income / shareholders' equity) 5.82% -1.74% 11.5% 26.8% 15.4% 12.1% 11.7% 11.5%
ROA (Net income/ Total Assets) 2.38% -0.64% 3.83% 9.53% 5.63% 4.97% 4.97% 5.07%
Assets 1 6,222 1,345,115 160,113 144,947 84,321 141,362 139,036 135,065
Book Value Per Share 2 13.30 10.50 12.50 15.70 16.10 16.90 17.90 18.70
Cash Flow per Share 2 3.450 1.350 3.600 5.000 4.540 4.270 4.280 4.320
Capex 1 8,376 4,644 5,234 8,056 9,215 8,673 8,516 8,474
Capex / Sales 11.99% 10.56% 6.84% 6.09% 9.83% 9.14% 8.94% 8.66%
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
22
Last Close Price
14.53 EUR
Average target price
17.01 EUR
Spread / Average Target
+17.09%
Consensus
1st Jan change Capi.
-5.68% 49.71B
-15.61% 1,809B
+14.20% 450B
+62.98% 260B
+11.18% 232B
+3.46% 90.88B
-5.45% 77.35B
-.--% 53.08B
+24.83% 49.58B
-.--% 37.83B
Integrated Oil & Gas