ENI Stock Analysis: Eni S.p.A. | MI
Oil & Gas Integrated | MI, Italy | Market Cap: 69.506m EUR | 12M Return: 71.2% | IT0003132476 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 189M
EPS Trend: -70.6%
Qual. Beats: 1
Rev. Trend: -92.0%
Qual. Beats: -2
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Eni S.p.A. (ENI) is an Italian integrated energy company founded in 1953 and headquartered in Rome, operating across Europe, the Americas, Asia, and Africa. Listed on the Milan Stock Exchange since its 1995 IPO, it is classified within the GICS Integrated Oil & Gas sub-industry and carries a large-cap market capitalization of approximately $77.5 billion USD.
The companys operations span the full energy value chain through six segments: Exploration & Production (upstream oil and gas); Global Gas & LNG Portfolio and Power (wholesale gas, LNG, and power marketing); Refining and Chemicals; Enilive (biofuels, biomethane, and mobility services); Plenitude (retail gas and power, renewable energy generation, and EV charging infrastructure); and Corporate and Other Activities. This structure reflects the broader integrated oil & gas sector trend of diversifying into renewables, biofuels, and downstream retail services alongside traditional hydrocarbon activities.
Enis upstream segment focuses on the exploration, development, and production of crude oil, condensates, and natural gas, while its midstream and trading operations cover pipeline gas supply, international LNG shipping and marketing, and electricity generation, including from gas-fired and renewable sources. The downstream and chemicals businesses supply bio-feedstock, biofuels, oil products, and petrochemicals such as intermediates, plastics, and elastomers. Through Plenitude, Eni also offers retail gas and power services, builds and operates EV charging networks, and sells electricity generated from renewable plants, positioning it among European integrated peers pursuing energy transition strategies.
- Brent crude price swings dominate Exploration & Production earnings
- European gas demand lifts Global Gas & LNG Portfolio margins
- Africa output disruptions in Libya and Egypt pressure upstream volumes
| Net Income: 5.28b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.69 > 1.0 |
| NWC/Revenue: 9.85% < 20% (prev 7.75%; Δ 2.10% < -1%) |
| CFO/TA 0.09 > 3% & CFO 13.2b > Net Income 5.28b |
| Net Debt (27.3b) to EBITDA (15.3b): 1.79 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.00b) vs 12m ago -3.60% < -2% |
| Gross Margin: 5.63% > 18% (prev 4.29%; Δ 1.33% > 0.5%) |
| Asset Turnover: 58.52% > 50% (prev 60.03%; Δ -1.51% > 0%) |
| Interest Coverage Ratio: 1.58 > 6 (EBIT TTM 8.28b / Interest Expense TTM 5.23b) |
| A: 0.06 (Total Current Assets 43.2b - Total Current Liabilities 35.0b) / Total Assets 147b |
| B: 0.26 (Retained Earnings 37.8b / Total Assets 147b) |
| C: 0.06 (EBIT TTM 8.28b / Avg Total Assets 142b) |
| D: 0.58 (Book Value of Equity 52.0b / Total Liabilities 90.1b) |
| Altman-Z'' = 2.20 = BBB |
| DSRI: 0.93 (Receivables 13.2b/14.0b, Revenue 82.9b/81.8b) |
| GMI: 0.76 (GM 4.29% / 5.63%) |
| AQI: 1.24 (AQ_t 0.34 / AQ_t-1 0.27) |
| SGI: 1.01 (Revenue 82.9b / 81.8b) |
| TATA: -0.05 (NI 5.28b - CFO 13.2b) / TA 147b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at EUR 24.88 with a total of 10,744,848 shares traded. Over the past week, the price has changed by +3.54%, over one month by +7.08%, over three months by +18.39% and over the past year by +71.15%.
Current recommended Stop Loss: 23.70 (which is 4.7% or 2.2 ATR below the current price).
Eni S.p.A. has no consensus analysts rating.
P/E Trailing = 19.7033
P/E Forward = 9.8522
P/S = 0.7729
P/B = 1.3273
P/EG = 0.4371
Revenue TTM = 82.9b EUR
EBIT TTM = 8.28b EUR
EBITDA TTM = 15.3b EUR
Long Term Debt = 23.8b EUR (from longTermDebt, last quarter)
Short Term Debt = 8.80b EUR (from shortTermDebt, last quarter)
Debt = 42.4b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.44b
Net Debt = 27.3b EUR (calculated: Debt 42.4b - CCE 15.1b)
Enterprise Value = 96.8b EUR (69.5b + Debt 42.4b - CCE 15.1b)
Interest Coverage Ratio = 1.58 (Ebit TTM 8.28b / Interest Expense TTM 5.23b)
EV/FCF = 25.78x (Enterprise Value 96.8b / FCF TTM 3.76b)
FCF Yield = 3.88% (FCF TTM 3.76b / Enterprise Value 96.8b)
FCF Margin = 4.53% (FCF TTM 3.76b / Revenue TTM 82.9b)
Net Margin = 6.37% (Net Income TTM 5.28b / Revenue TTM 82.9b)
Gross Margin = 5.63% ((Revenue TTM 82.9b - Cost of Revenue TTM 78.2b) / Revenue TTM)
Gross Margin QoQ = 9.17% (prev 5.96%)
Tobins Q-Ratio = 0.66 (Enterprise Value 96.8b / Total Assets 147b)
Interest Expense / Debt = 12.32% (Interest Expense 5.23b / Debt 42.4b)
Taxrate = 45.26% (3.06b / 6.76b)
NOPAT = 4.53b (EBIT 8.28b * (1 - 45.26%))
Current Ratio = 1.23 (Total Current Assets 43.2b / Total Current Liabilities 35.0b)
Debt / Equity = 0.82 (Debt 42.4b / totalStockholderEquity, last quarter 52.0b)
Debt / EBITDA = 1.79 (Net Debt 27.3b / EBITDA 15.3b)
Debt / FCF = 7.28 (Net Debt 27.3b / FCF TTM 3.76b)
Total Stockholder Equity = 48.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.73% (Net Income 5.28b / Total Assets 147b)
RoE = 10.93% (Net Income TTM 5.28b / Total Stockholder Equity 48.3b)
RoCE = 11.48% (EBIT 8.28b / Capital Employed (Equity 48.3b + L.T.Debt 23.8b))
RoIC = 3.89% (NOPAT 4.53b / Invested Capital 117b)
WACC = 6.28% (E(69.5b)/V(112b) * Re(6.0%) + D(42.4b)/V(112b) * Rd(12.32%) * (1-Tc(0.45)))
Discount Rate = 6.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.81 | Cagr: -3.68%
[DCF] Terminal Value 73.10% ; FCFF base≈4.03b ; Y1≈3.53b ; Y5≈2.85b
[DCF] Fair Price = 6.43 (EV 45.8b - Net Debt 27.3b = Equity 18.4b / Shares 2.87b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -70.62 | EPS CAGR: -14.30% | SUE: 1.12 | # QB: 1
Revenue Correlation: -92.04 | Revenue CAGR: -7.34% | SUE: -3.39 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.82 | Chg30d=+10.62% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=2.85 | Chg30d=+6.85% | Revisions=+55% | GrowthEPS=+81.6% | GrowthRev=+23.0%
EPS next Year (2027-12-31): EPS=2.61 | Chg30d=+11.30% | Revisions=+36% | GrowthEPS=-8.4% | GrowthRev=-9.7%
[Analyst] Revisions Ratio: +48% (up=14, down=4)