ENI Stock Analysis: Eni S.p.A. | MI
Oil & Gas Integrated | MI, Italy | Market Cap: 59.625m EUR | 12M Return: 56% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 208M
EPS Trend: -90.8%
Qual. Beats: -1
Rev. Trend: 64.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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. is an Italian integrated energy company headquartered in Rome, founded in 1953 and listed on the Milan Stock Exchange. It operates across the full energy value chain through six segments: Exploration & Production (upstream oil and gas); Global Gas & LNG Portfolio and Power (wholesale gas, LNG trading, and power generation); Refining and Chemicals (basic and petrochemical products); Enilive (biofuels, biomethane, and mobility services); Plenitude (retail gas and power, renewable energy generation, and EV charging networks); and Corporate and Other Activities. The company has a global footprint spanning Europe, North America, Asia, and Africa.
As a major integrated oil and gas player, Enis business model combines traditional hydrocarbon activities (upstream production, refining, and chemicals) with growing investments in the energy transition, notably through its Plenitude retail/renewables arm and the Enilive biofuels business. This dual structure of legacy fossil fuel operations alongside renewable power generation and electric mobility infrastructure is characteristic of European integrated energy majors adapting to decarbonization pressures and shifting demand patterns.
- Brent crude price swings drive Exploration and Production segment earnings
- TTF European gas prices normalize pressuring LNG trading margins
- Plenitude IPO listing accelerates renewable and retail valuation
| Net Income: 4.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.88 > 1.0 |
| NWC/Revenue: 17.88% < 20% (prev 5.33%; Δ 12.54% < -1%) |
| CFO/TA 0.20 > 3% & CFO 29.6b > Net Income 4.48b |
| Net Debt (-2.69b) to EBITDA (14.2b): -0.19 < 3 |
| Current Ratio: 1.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.94b) vs 12m ago -3.73% < -2% |
| Gross Margin: 20.44% > 18% (prev 25.48%; Δ -5.05% > 0.5%) |
| Asset Turnover: 83.58% > 50% (prev 75.51%; Δ 8.07% > 0%) |
| Interest Coverage Ratio: 1.60 > 6 (EBIT TTM 7.09b / Interest Expense TTM 4.43b) |
| A: 0.15 (Total Current Assets 68.1b - Total Current Liabilities 46.3b) / Total Assets 148b |
| B: 0.24 (Retained Earnings 35.8b / Total Assets 148b) |
| C: 0.05 (EBIT TTM 7.09b / Avg Total Assets 146b) |
| D: 0.53 (Book Value of Equity 49.2b / Total Liabilities 93.4b) |
| Altman-Z'' = 2.64 = A |
| DSRI: 0.77 (Receivables 14.5b/17.0b, Revenue 122b/109b) |
| GMI: 1.25 (GM 25.48% / 20.44%) |
| AQI: 0.61 (AQ_t 0.17 / AQ_t-1 0.28) |
| SGI: 1.12 (Revenue 122b / 109b) |
| TATA: -0.17 (NI 4.48b - CFO 29.6b) / TA 148b) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 21.01 with a total of 8,228,871 shares traded. Over the past week, the price has changed by +2.92%, over one month by -9.17%, over three months by -13.02% and over the past year by +55.95%.
Current recommended Stop Loss: 20.20 (which is 3.9% or 1.6 ATR below the current price).
Eni S.p.A. has no consensus analysts rating.
P/E Trailing = 20.445
P/E Forward = 8.4317
P/S = 0.7058
P/B = 1.21
P/EG = 0.3742
Revenue TTM = 122b EUR
EBIT TTM = 7.09b EUR
EBITDA TTM = 14.2b EUR
Long Term Debt = 21.7b EUR (from longTermDebt, last quarter)
Short Term Debt = 9.20b EUR (from shortLongTermDebt, last quarter)
Debt = 5.63b EUR (Leases only: 5.63b)
Net Debt = -2.69b EUR (calculated: Debt 5.63b - CCE 8.32b)
Enterprise Value = 56.9b EUR (59.6b + Debt 5.63b - CCE 8.32b)
Interest Coverage Ratio = 1.60 (Ebit TTM 7.09b / Interest Expense TTM 4.43b)
EV/FCF = 22.51x (Enterprise Value 56.9b / FCF TTM 2.53b)
FCF Yield = 4.44% (FCF TTM 2.53b / Enterprise Value 56.9b)
FCF Margin = 2.07% (FCF TTM 2.53b / Revenue TTM 122b)
Net Margin = 3.67% (Net Income TTM 4.48b / Revenue TTM 122b)
Gross Margin = 20.44% ((Revenue TTM 122b - Cost of Revenue TTM 97.1b) / Revenue TTM)
Gross Margin QoQ = 10.13% (prev 21.99%)
Tobins Q-Ratio = 0.39 (Enterprise Value 56.9b / Total Assets 148b)
Interest Expense / Debt = 78.80% (Interest Expense 4.43b / Debt 5.63b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 5.32b (EBIT 7.09b * (1 - 25.00%))
Current Ratio = 1.47 (Total Current Assets 68.1b / Total Current Liabilities 46.3b)
Debt / Equity = 0.11 (Debt 5.63b / totalStockholderEquity, last quarter 49.2b)
Debt / EBITDA = -0.19 (Net Debt -2.69b / EBITDA 14.2b)
Debt / FCF = -1.06 (Net Debt -2.69b / FCF TTM 2.53b)
Total Stockholder Equity = 49.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.07% (Net Income 4.48b / Total Assets 148b)
RoE = 9.14% (Net Income TTM 4.48b / Total Stockholder Equity 49.0b)
RoCE = 10.02% (EBIT 7.09b / Capital Employed (Equity 49.0b + L.T.Debt 21.7b))
RoIC = 5.31% (NOPAT 5.32b / Invested Capital 100b)
WACC = 6.19% (E(59.6b)/V(65.3b) * Re(6.77%) + (debt cost/tax rate unavailable))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -3.73%
[DCF] Terminal Value 73.10% ; FCFF base≈3.60b ; Y1≈3.15b ; Y5≈2.55b
[DCF] Fair Price = 14.94 (EV 40.9b - Net Debt -2.69b = Equity 43.6b / Shares 2.92b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -90.80 | EPS CAGR: -22.69% | SUE: -1.28 | # QB: -1
Revenue Correlation: 64.55 | Revenue CAGR: 10.72% | SUE: -0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.73 | Chg30d=-3.05% | Revisions=-17% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.57 | Chg30d=-13.42% | Revisions=+17% | Analysts=4
EPS current Year (2026-12-31): EPS=2.57 | Chg30d=-0.94% | Revisions=+38% | GrowthEPS=+63.8% | GrowthRev=+21.4%
EPS next Year (2027-12-31): EPS=2.32 | Chg30d=-0.33% | Revisions=-25% | GrowthEPS=-9.7% | GrowthRev=-7.0%
[Analyst] Revisions Ratio: +25% (up=16, down=9)