ENI SPA (ENI.DE) Fundamental Analysis & Valuation

FRA:ENI • IT0003132476

20.53 EUR
+0.3 (+1.51%)
Last: Mar 6, 2026, 07:00 PM
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

Taking everything into account, ENI scores 4 out of 10 in our fundamental rating. ENI was compared to 71 industry peers in the Oil, Gas & Consumable Fuels industry. ENI has a bad profitability rating. Also its financial health evaluation is rather negative. 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. 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.
  • 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's Return On Equity of 9.02% is in line compared to the rest of the industry. ENI outperforms 43.66% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.56%, ENI is doing worse than 61.97% of the companies in the same industry.
  • ENI had an Average Return On Invested Capital over the past 3 years of 5.33%. This 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

  • ENI has a Profit Margin of 3.46%. This is in the lower half of the industry: ENI underperforms 66.20% of its industry peers.
  • In the last couple of years the Profit Margin of ENI has grown nicely.
  • ENI's Operating Margin of 8.45% is on the low side compared to the rest of the industry. ENI is outperformed by 70.42% of its industry peers.
  • ENI's Operating Margin has declined in the last couple of years.
  • ENI's Gross Margin of 32.24% is on the low side compared to the rest of the industry. ENI is outperformed by 67.61% 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. ENI.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENI 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

  • 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.
  • ENI's Altman-Z score of 1.94 is in line compared to the rest of the industry. ENI outperforms 52.11% of its industry peers.
  • 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.
  • The Debt to FCF ratio of ENI (8.83) is comparable to the rest of the industry.
  • 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/WACC0.89
WACC5.13%
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

  • ENI has a Current Ratio of 1.16. This is a normal value and indicates that ENI is financially healthy and should not expect problems in meeting 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

More info and screens

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

  • Based on estimates for the next years, ENI will show a small growth in Earnings Per Share. The EPS will grow by 5.58% on average per year.
  • ENI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.65% yearly.
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

More info and screens

Find the best growth stocksShow best growing peers

6

4. ENI.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • ENI is valuated reasonably with a Price/Earnings ratio of 10.64.
  • Compared to the rest of the industry, the Price/Earnings ratio of ENI indicates a rather cheap valuation: ENI is cheaper than 88.73% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ENI to the average of the S&P500 Index (26.29), we can say ENI is valued rather cheaply.
  • The Price/Forward Earnings ratio is 13.18, which indicates a correct valuation of ENI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ENI indicates a somewhat cheap valuation: ENI is cheaper than 66.20% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of ENI to the average of the S&P500 Index (24.57), we can say ENI is valued slightly cheaper.
Industry RankSector Rank
PE 10.64
Fwd PE 13.18
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENI indicates a rather cheap valuation: ENI is cheaper than 92.96% of the companies listed in the same industry.
  • 87.32% of the companies in the same industry are more expensive than ENI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.72
EV/EBITDA 1.97
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

  • With a Yearly Dividend Yield of 5.42%, ENI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.34, ENI pays a better dividend. On top of this ENI pays more dividend than 84.51% of the companies listed 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 5.42%

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

  • ENI pays out 69.77% of its income as dividend. 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-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

More info and screens

Find the best dividend stocksShow peers with best dividend

ENI.DE Fundamentals: All Metrics, Ratios and Statistics

ENI SPA

FRA:ENI (3/6/2026, 7:00:00 PM)

20.53

+0.3 (+1.51%)

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 Cap30.30B
Revenue(TTM)N/A
Net Income(TTM)4.44B
Analysts68.67
Price Target17.16 (-16.42%)
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 10.64
Fwd PE 13.18
P/S 0.24
P/FCF 7.72
P/OCF 2.4
P/B 0.62
P/tB 0.7
EV/EBITDA 1.97
EPS(TTM)1.93
EY9.4%
EPS(NY)1.56
Fwd EY7.59%
FCF(TTM)2.66
FCFY12.95%
OCF(TTM)8.54
OCFY41.59%
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
WACC5.13%
ROIC/WACC0.89
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%.