ENI SPA (ENI.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:ENI • IT0003132476

17.576 EUR
+0.25 (+1.42%)
Last: Feb 4, 2026, 05:23 PM
Fundamental Rating

4

Overall ENI gets a fundamental rating of 4 out of 10. We evaluated ENI against 73 industry peers in the Oil, Gas & Consumable Fuels industry. While ENI seems to be doing ok healthwise, there are quite some concerns on its profitability. ENI is valued correctly, but it does not seem to be growing. Finally ENI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • ENI had positive earnings in the past year.
  • In the past year ENI had a positive cash flow from operations.
  • Of the past 5 years ENI 4 years were profitable.
  • ENI had a positive operating cash flow in each of the past 5 years.
ENI.DE Yearly Net Income VS EBIT VS OCF VS FCFENI.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.29%, ENI is in line with its industry, outperforming 47.95% of the companies in the same industry.
  • ENI has a Return On Equity (9.02%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 4.56%, ENI is not doing good in the industry: 63.01% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for ENI is below the industry average of 8.73%.
Industry RankSector Rank
ROA 3.29%
ROE 9.02%
ROIC 4.56%
ROA(3y)4.75%
ROA(5y)2.12%
ROE(3y)13.1%
ROE(5y)5.86%
ROIC(3y)5.33%
ROIC(5y)4.44%
ENI.DE Yearly ROA, ROE, ROICENI.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • ENI's Profit Margin of 3.46% is on the low side compared to the rest of the industry. ENI is outperformed by 67.12% of its industry peers.
  • ENI's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ENI (8.45%) is worse than 71.23% of its industry peers.
  • In the last couple of years the Operating Margin of ENI has declined.
  • ENI's Gross Margin of 32.24% is on the low side compared to the rest of the industry. ENI is outperformed by 67.12% of its industry peers.
  • In the last couple of years the Gross Margin of ENI has declined.
Industry RankSector Rank
OM 8.45%
PM (TTM) 3.46%
GM 32.24%
OM growth 3Y-16.57%
OM growth 5Y-4.83%
PM growth 3Y-27.02%
PM growth 5Y69.41%
GM growth 3Y-5.64%
GM growth 5Y-4.03%
ENI.DE Yearly Profit, Operating, Gross MarginsENI.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENI is creating some value.
  • The number of shares outstanding for ENI has been reduced compared to 1 year ago.
  • The number of shares outstanding for ENI has been reduced compared to 5 years ago.
  • ENI has a worse debt/assets ratio than last year.
ENI.DE Yearly Shares OutstandingENI.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
ENI.DE Yearly Total Debt VS Total AssetsENI.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

  • An Altman-Z score of 1.91 indicates that ENI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ENI has a Altman-Z score (1.91) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of ENI is 8.83, which is on the high side as it means it would take ENI, 8.83 years of fcf income to pay off all of its debts.
  • ENI has a Debt to FCF ratio (8.83) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.61 indicates that ENI is somewhat dependend on debt financing.
  • ENI's Debt to Equity ratio of 0.61 is in line compared to the rest of the industry. ENI outperforms 41.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 8.83
Altman-Z 1.91
ROIC/WACC0.92
WACC4.94%
ENI.DE Yearly LT Debt VS Equity VS FCFENI.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 1.16 indicates that ENI should not have too much problems paying its short term obligations.
  • ENI has a Current ratio (1.16) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.98 indicates that ENI may have some problems paying its short term obligations.
  • ENI has a Quick ratio (0.98) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.98
ENI.DE Yearly Current Assets VS Current LiabilitesENI.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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3

3. Growth

3.1 Past

  • ENI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.67%.
  • The Earnings Per Share has been growing by 14.87% on average over the past years. This is quite good.
  • The Revenue has decreased by -5.13% in the past year.
  • The Revenue has been growing slightly by 4.91% on average over the past years.
EPS 1Y (TTM)-19.67%
EPS 3Y7.34%
EPS 5Y14.87%
EPS Q2Q%-2.56%
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y5.06%
Revenue growth 5Y4.91%
Sales Q2Q%-3.86%

3.2 Future

  • ENI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.29% yearly.
  • The Revenue is expected to grow by 0.87% on average over the next years.
EPS Next Y-3.46%
EPS Next 2Y-1.95%
EPS Next 3Y4.3%
EPS Next 5Y4.29%
Revenue Next Year-4.55%
Revenue Next 2Y-3.04%
Revenue Next 3Y-0.64%
Revenue Next 5Y0.87%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ENI.DE Yearly Revenue VS EstimatesENI.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B 100B
ENI.DE Yearly EPS VS EstimatesENI.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

  • ENI is valuated reasonably with a Price/Earnings ratio of 11.96.
  • 72.60% of the companies in the same industry are more expensive than ENI, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 28.25. ENI is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 11.28, the valuation of ENI can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ENI indicates a somewhat cheap valuation: ENI is cheaper than 69.86% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. ENI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.96
Fwd PE 11.28
ENI.DE Price Earnings VS Forward Price EarningsENI.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ENI is valued cheaply inside the industry as 93.15% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ENI is valued cheaper than 87.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.61
EV/EBITDA 1.74
ENI.DE Per share dataENI.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y-1.95%
EPS Next 3Y4.3%

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7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.04%, ENI is a good candidate for dividend investing.
  • ENI's Dividend Yield is rather good when compared to the industry average which is at 5.10. ENI pays more dividend than 83.56% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ENI pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.04%

5.2 History

  • The dividend of ENI has a limited annual growth rate of 2.97%.
Dividend Growth(5Y)2.97%
Div Incr Years5
Div Non Decr Years5
ENI.DE Yearly Dividends per shareENI.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 69.77% of the earnings are spent on dividend by ENI. This is not a sustainable payout ratio.
  • The dividend of ENI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP69.77%
EPS Next 2Y-1.95%
EPS Next 3Y4.3%
ENI.DE Yearly Income VS Free CF VS DividendENI.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B
ENI.DE Dividend Payout.ENI.DE Dividend Payout, showing the Payout Ratio.ENI.DE Dividend Payout.PayoutRetained Earnings

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ENI SPA

FRA:ENI (2/4/2026, 5:23:02 PM)

17.576

+0.25 (+1.42%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-24
Earnings (Next)02-26
Inst Owners19.32%
Inst Owner ChangeN/A
Ins Owners3.1%
Ins Owner ChangeN/A
Market Cap25.96B
Revenue(TTM)128.25B
Net Income(TTM)4.44B
Analysts69.66
Price Target16.89 (-3.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.04%
Yearly Dividend0.97
Dividend Growth(5Y)2.97%
DP69.77%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.9%
Min EPS beat(2)15.48%
Max EPS beat(2)22.32%
EPS beat(4)3
Avg EPS beat(4)10.61%
Min EPS beat(4)-9.34%
Max EPS beat(4)22.32%
EPS beat(8)5
Avg EPS beat(8)6.16%
EPS beat(12)8
Avg EPS beat(12)7.11%
EPS beat(16)12
Avg EPS beat(16)9.28%
Revenue beat(2)1
Avg Revenue beat(2)-1.97%
Min Revenue beat(2)-5.56%
Max Revenue beat(2)1.61%
Revenue beat(4)2
Avg Revenue beat(4)1.69%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)19.36%
Revenue beat(8)2
Avg Revenue beat(8)-6.25%
Revenue beat(12)3
Avg Revenue beat(12)1.35%
Revenue beat(16)7
Avg Revenue beat(16)24%
PT rev (1m)-1.43%
PT rev (3m)3.14%
EPS NQ rev (1m)-6.84%
EPS NQ rev (3m)3.05%
EPS NY rev (1m)-0.31%
EPS NY rev (3m)7.66%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.62%
Valuation
Industry RankSector Rank
PE 11.96
Fwd PE 11.28
P/S 0.2
P/FCF 6.61
P/OCF 2.06
P/B 0.53
P/tB 0.6
EV/EBITDA 1.74
EPS(TTM)1.47
EY8.36%
EPS(NY)1.56
Fwd EY8.86%
FCF(TTM)2.66
FCFY15.12%
OCF(TTM)8.53
OCFY48.54%
SpS86.83
BVpS33.34
TBVpS29.26
PEG (NY)N/A
PEG (5Y)0.8
Graham Number33.21
Profitability
Industry RankSector Rank
ROA 3.29%
ROE 9.02%
ROCE 10.72%
ROIC 4.56%
ROICexc 5.34%
ROICexgc 5.72%
OM 8.45%
PM (TTM) 3.46%
GM 32.24%
FCFM 3.06%
ROA(3y)4.75%
ROA(5y)2.12%
ROE(3y)13.1%
ROE(5y)5.86%
ROIC(3y)5.33%
ROIC(5y)4.44%
ROICexc(3y)6.33%
ROICexc(5y)5.26%
ROICexgc(3y)6.76%
ROICexgc(5y)5.61%
ROCE(3y)12.31%
ROCE(5y)10.21%
ROICexgc growth 3Y-17.17%
ROICexgc growth 5Y-2.79%
ROICexc growth 3Y-17.38%
ROICexc growth 5Y-3.38%
OM growth 3Y-16.57%
OM growth 5Y-4.83%
PM growth 3Y-27.02%
PM growth 5Y69.41%
GM growth 3Y-5.64%
GM growth 5Y-4.03%
F-Score5
Asset Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 8.83
Debt/EBITDA 1.65
Cap/Depr 117.07%
Cap/Sales 6.76%
Interest Coverage 8.45
Cash Conversion 69.06%
Profit Quality 88.36%
Current Ratio 1.16
Quick Ratio 0.98
Altman-Z 1.91
F-Score5
WACC4.94%
ROIC/WACC0.92
Cap/Depr(3y)115.59%
Cap/Depr(5y)96.9%
Cap/Sales(3y)8.49%
Cap/Sales(5y)8.57%
Profit Quality(3y)122.28%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.67%
EPS 3Y7.34%
EPS 5Y14.87%
EPS Q2Q%-2.56%
EPS Next Y-3.46%
EPS Next 2Y-1.95%
EPS Next 3Y4.3%
EPS Next 5Y4.29%
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y5.06%
Revenue growth 5Y4.91%
Sales Q2Q%-3.86%
Revenue Next Year-4.55%
Revenue Next 2Y-3.04%
Revenue Next 3Y-0.64%
Revenue Next 5Y0.87%
EBIT growth 1Y-33.43%
EBIT growth 3Y-12.34%
EBIT growth 5Y-0.16%
EBIT Next Year56.27%
EBIT Next 3Y18.96%
EBIT Next 5Y16.16%
FCF growth 1Y-36.91%
FCF growth 3Y-15.49%
FCF growth 5Y2.8%
OCF growth 1Y-18.9%
OCF growth 3Y0.6%
OCF growth 5Y1.12%

ENI SPA / ENI.DE FAQ

What is the ChartMill fundamental rating of ENI SPA (ENI.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ENI.DE.


What is the valuation status for ENI stock?

ChartMill assigns a valuation rating of 6 / 10 to ENI SPA (ENI.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for ENI SPA?

ENI SPA (ENI.DE) has a profitability rating of 3 / 10.


How financially healthy is ENI SPA?

The financial health rating of ENI SPA (ENI.DE) is 4 / 10.


How sustainable is the dividend of ENI SPA (ENI.DE) stock?

The dividend rating of ENI SPA (ENI.DE) is 7 / 10 and the dividend payout ratio is 69.77%.