ENI SPA (ENI.DE) Fundamental Analysis & Valuation

FRA:ENI • IT0003132476

21.365 EUR
+0.09 (+0.42%)
Last: Mar 12, 2026, 10:39 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ENI.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall ENI gets a fundamental rating of 4 out of 10. We evaluated ENI against 83 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of ENI have multiple concerns. ENI has a valuation in line with the averages, but it does not seem to be growing. Finally ENI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. ENI.DE Profitability Analysis

1.1 Basic Checks

  • In the past year ENI was profitable.
  • ENI had a positive operating cash flow in the past year.
  • ENI had positive earnings in 4 of the past 5 years.
  • Of the past 5 years ENI 4 years had a positive operating cash flow.
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

  • ENI has a Return On Assets (3.29%) which is in line with its industry peers.
  • ENI has a Return On Equity (9.02%) which is comparable to the rest of the industry.
  • ENI has a worse Return On Invested Capital (4.56%) than 65.06% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENI is below the industry average of 8.83%.
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 has a Profit Margin of 3.46%. This is in the lower half of the industry: ENI underperforms 66.27% of its industry peers.
  • In the last couple of years the Profit Margin of ENI has grown nicely.
  • ENI has a worse Operating Margin (8.45%) than 69.88% 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 66.27% of its industry peers.
  • ENI's Gross Margin has declined in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. ENI.DE Health Analysis

2.1 Basic Checks

  • ENI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • ENI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 1.95 indicates that ENI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ENI's Altman-Z score of 1.95 is in line compared to the rest of the industry. ENI outperforms 50.60% of its industry peers.
  • ENI has a debt to FCF ratio of 8.83. This is a slightly negative value and a sign of low solvency as ENI would need 8.83 years to pay back of all of its debts.
  • ENI has a Debt to FCF ratio of 8.83. This is comparable to the rest of the industry: ENI outperforms 40.96% of its industry peers.
  • ENI has a Debt/Equity ratio of 0.61. This is a neutral value indicating ENI is somewhat dependend on debt financing.
  • ENI has a worse Debt to Equity ratio (0.61) than 60.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 8.83
Altman-Z 1.95
ROIC/WACC0.9
WACC5.04%
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's Current ratio of 1.16 is in line compared to the rest of the industry. ENI outperforms 40.96% of its industry peers.
  • A Quick Ratio of 0.98 indicates that ENI may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.98, ENI perfoms like the industry average, outperforming 45.78% of the companies in the same 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. ENI.DE Growth Analysis

3.1 Past

  • ENI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.96%, which is quite good.
  • ENI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.11% yearly.
EPS 1Y (TTM)18.96%
EPS 3Y-20.11%
EPS 5YN/A
EPS Q2Q%163.27%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.61%

3.2 Future

  • ENI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.97% yearly.
  • ENI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.77% yearly.
EPS Next Y-18.65%
EPS Next 2Y-2.91%
EPS Next 3Y1.2%
EPS Next 5Y5.97%
Revenue Next Year-1.63%
Revenue Next 2Y1.36%
Revenue Next 3Y2.81%
Revenue Next 5Y1.77%

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 accelerating.
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. ENI.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.07, the valuation of ENI can be described as reasonable.
  • ENI's Price/Earnings ratio is rather cheap when compared to the industry. ENI is cheaper than 80.72% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ENI to the average of the S&P500 Index (26.15), we can say ENI is valued rather cheaply.
  • The Price/Forward Earnings ratio is 13.63, which indicates a correct valuation of ENI.
  • 71.08% of the companies in the same industry are more expensive than ENI, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.27, ENI is valued a bit cheaper.
Industry RankSector Rank
PE 11.07
Fwd PE 13.63
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

  • 95.18% of the companies in the same industry are more expensive than ENI, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ENI is valued cheaper than 87.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.03
EV/EBITDA 2.06
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)N/A
EPS Next 2Y-2.91%
EPS Next 3Y1.2%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ENI.DE Dividend Analysis

5.1 Amount

  • ENI has a Yearly Dividend Yield of 5.19%, which is a nice return.
  • ENI's Dividend Yield is rather good when compared to the industry average which is at 4.82. ENI pays more dividend than 83.13% of the companies in the same industry.
  • ENI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.19%

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 2026 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.
  • ENI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP69.77%
EPS Next 2Y-2.91%
EPS Next 3Y1.2%
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.DE Fundamentals: All Metrics, Ratios and Statistics

ENI SPA

FRA:ENI (3/12/2026, 10:39:41 AM)

21.365

+0.09 (+0.42%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26
Earnings (Next)04-24
Inst Owners19.58%
Inst Owner ChangeN/A
Ins Owners3.1%
Ins Owner ChangeN/A
Market Cap31.53B
Revenue(TTM)N/A
Net Income(TTM)4.44B
Analysts69.33
Price Target17.16 (-19.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.19%
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)0.73%
PT rev (3m)2.67%
EPS NQ rev (1m)8.89%
EPS NQ rev (3m)-7.03%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.28%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-2.1%
Revenue NY rev (1m)-1.06%
Revenue NY rev (3m)-3.65%
Valuation
Industry RankSector Rank
PE 11.07
Fwd PE 13.63
P/S 0.25
P/FCF 8.03
P/OCF 2.5
P/B 0.64
P/tB 0.73
EV/EBITDA 2.06
EPS(TTM)1.93
EY9.03%
EPS(NY)1.57
Fwd EY7.34%
FCF(TTM)2.66
FCFY12.45%
OCF(TTM)8.54
OCFY39.96%
SpS86.9
BVpS33.37
TBVpS29.29
PEG (NY)N/A
PEG (5Y)N/A
Graham Number38.07
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)6.32%
ROICexc(5y)5.26%
ROICexgc(3y)6.76%
ROICexgc(5y)5.61%
ROCE(3y)12.31%
ROCE(5y)10.21%
ROICexgc growth 3Y-17.19%
ROICexgc growth 5Y-2.8%
ROICexc growth 3Y-17.4%
ROICexc growth 5Y-3.39%
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 1.95
F-Score5
WACC5.04%
ROIC/WACC0.9
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)18.96%
EPS 3Y-20.11%
EPS 5YN/A
EPS Q2Q%163.27%
EPS Next Y-18.65%
EPS Next 2Y-2.91%
EPS Next 3Y1.2%
EPS Next 5Y5.97%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.61%
Revenue Next Year-1.63%
Revenue Next 2Y1.36%
Revenue Next 3Y2.81%
Revenue Next 5Y1.77%
EBIT growth 1Y-33.43%
EBIT growth 3Y-12.34%
EBIT growth 5Y-0.16%
EBIT Next Year54.7%
EBIT Next 3Y18.41%
EBIT Next 5Y15.66%
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 3 / 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%.