ENI SPA (ENI.DE) Fundamental Analysis & Valuation

FRA:ENI • IT0003132476

19.924 EUR
-0.11 (-0.55%)
Last: Mar 4, 2026, 11:08 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

ENI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 71 industry peers in the Oil, Gas & Consumable Fuels industry. ENI may be in some trouble as it scores bad on both profitability and health. 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

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

  • The Return On Assets of ENI (3.29%) is comparable to the rest of the industry.
  • ENI has a Return On Equity (9.02%) which is in line with its industry peers.
  • ENI has a worse Return On Invested Capital (4.56%) than 61.97% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ENI is below the industry average of 9.02%.
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

  • Looking at the Profit Margin, with a value of 3.46%, ENI is doing worse than 66.20% of the companies in the same industry.
  • ENI's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 8.45%, ENI is not doing good in the industry: 70.42% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of ENI has declined.
  • Looking at the Gross Margin, with a value of 32.24%, ENI is doing worse than 67.61% of the companies in the same industry.
  • 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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3

2. ENI.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENI is still 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

  • ENI has an Altman-Z score of 1.94. This is not the best score and indicates that ENI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of ENI (1.94) is comparable to the rest of the industry.
  • 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 (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.
  • Looking at the Debt to Equity ratio, with a value of 0.61, ENI is doing worse than 60.56% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 8.83
Altman-Z 1.94
ROIC/WACC0.9
WACC5.08%
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 of 1.16. This is in the lower half of the industry: ENI underperforms 63.38% 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 is not doing good in the industry: 60.56% of the companies in the same industry are doing better.
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

  • The Earnings Per Share has grown by an nice 18.96% over the past year.
  • The earnings per share for ENI have been decreasing by -20.11% on average. This is quite bad
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 5.58% yearly.
  • Based on estimates for the next years, ENI will show a small growth in Revenue. The Revenue will grow by 2.65% on average per year.
EPS Next Y-19.18%
EPS Next 2Y-2.34%
EPS Next 3Y1.2%
EPS Next 5Y5.58%
Revenue Next Year-2.56%
Revenue Next 2Y0.69%
Revenue Next 3Y2.94%
Revenue Next 5Y2.65%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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. ENI.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • ENI is valuated reasonably with a Price/Earnings ratio of 10.32.
  • Based on the Price/Earnings ratio, ENI is valued cheaper than 85.92% of the companies in the same industry.
  • ENI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.83.
  • With a Price/Forward Earnings ratio of 12.79, ENI is valued correctly.
  • 67.61% 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 24.95, ENI is valued a bit cheaper.
Industry RankSector Rank
PE 10.32
Fwd PE 12.79
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

  • ENI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ENI is cheaper than 94.37% of the companies in the same industry.
  • ENI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ENI is cheaper than 88.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.49
EV/EBITDA 1.96
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-2.34%
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 5.42%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.34, ENI pays a better dividend. On top of this ENI pays more dividend than 83.10% of the companies listed 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 5.42%

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-2.34%
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 (3/4/2026, 11:08:30 AM)

19.924

-0.11 (-0.55%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26
Earnings (Next)04-24
Inst Owners19.32%
Inst Owner ChangeN/A
Ins Owners3.1%
Ins Owner ChangeN/A
Market Cap29.40B
Revenue(TTM)N/A
Net Income(TTM)4.44B
Analysts68.67
Price Target17.16 (-13.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.42%
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)1.6%
PT rev (3m)4.03%
EPS NQ rev (1m)-5.52%
EPS NQ rev (3m)-9.07%
EPS NY rev (1m)0%
EPS NY rev (3m)2.03%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)-1.44%
Revenue NY rev (3m)-4.14%
Valuation
Industry RankSector Rank
PE 10.32
Fwd PE 12.79
P/S 0.23
P/FCF 7.49
P/OCF 2.33
P/B 0.6
P/tB 0.68
EV/EBITDA 1.96
EPS(TTM)1.93
EY9.69%
EPS(NY)1.56
Fwd EY7.82%
FCF(TTM)2.66
FCFY13.35%
OCF(TTM)8.54
OCFY42.85%
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 1.94
F-Score5
WACC5.08%
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-19.18%
EPS Next 2Y-2.34%
EPS Next 3Y1.2%
EPS Next 5Y5.58%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.61%
Revenue Next Year-2.56%
Revenue Next 2Y0.69%
Revenue Next 3Y2.94%
Revenue Next 5Y2.65%
EBIT growth 1Y-33.43%
EBIT growth 3Y-12.34%
EBIT growth 5Y-0.16%
EBIT Next Year55.47%
EBIT Next 3Y18.65%
EBIT Next 5Y15.72%
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%.